Document:

Credit Agreement

 EXHIBIT 10.1 

THIRD AMENDMENT TO CREDIT AGREEMENT 

This THIRD AMENDMENT TO CREDIT AGREEMENT (this “Amendment”), dated as of July 7, 2010, is entered into by and among
HARRY AND DAVID, an Oregon corporation (as successor by merger to Harry & David Operations Corp., a Delaware corporation) (“Borrower”), the Guarantors (such term and each other capitalized term used but not defined herein
having the meaning given to it in the Credit Agreement referenced below), the Lenders signatory hereto, UBS AG, STAMFORD BRANCH, as administrative collateral agent and as administrative agent (in its capacity as administrative agent, the
“Administrative Agent”) for the Lenders, and GMAC Commercial Finance LLC, as collateral agent (the “Collateral Agent”) for the Secured Parties and Issuing Bank. 

RECITALS 

WHEREAS, Borrower, Guarantors, the Administrative Agent, the Collateral Agent, the other Agents and the Lenders entered into that certain
Credit Agreement dated as of March 20, 2006 (as amended, supplemented, restated or otherwise modified from time to time, the “Credit Agreement”); 

WHEREAS, Borrower has requested that Agents and the Lenders agree to amend certain provisions of the Credit Agreement upon the terms and
subject to the conditions set forth herein; 
 WHEREAS, the Lenders signatory hereto (the “Consenting
Lenders”), who collectively constitute the Required Lenders, have agreed to amend certain provisions of the Credit Agreement upon the terms and subject to the conditions set forth herein; and 

WHEREAS, in light of the foregoing, pursuant to Section 11.02(b) of the Credit Agreement, the Borrower, the Consenting
Lenders and the Administrative Agent have agreed that the Commitments of the Lenders not agreeing to the terms of this Amendment (the “Non-Consenting Lenders”) shall terminate on the Third Amendment Effective Date (as defined below)
and that each of the Non-Consenting Lenders shall receive payment in full of the principal of its Loans, accrued interest thereon, accrued fees and all other amounts owing to it or accrued for its account under the Credit Agreement (including,
without limitation, all amounts under Sections 2.12, 2.13 and 2.15 of the Credit Agreement); 
 NOW
THEREFORE, in consideration of the foregoing recitals and mutual agreements contained herein and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Agents, the Lenders signatory hereto, Borrower and
the other Loan Parties agree as follows: 
 SECTION 1. Amendment. Effective as of the Third Amendment
Effective Date (as defined in Section 2 below), the Credit Agreement (including each Annex, Exhibit and Schedule thereto) is hereby amended such that, after giving effect to the amendments thereto, the Credit Agreement shall read in its
entirety as set forth in Exhibit A attached hereto. 
 SECTION 2. Conditions to Effectiveness. This
Amendment shall be effective upon the earliest date (the “Third Amendment Effective Date”) on which each the following conditions precedent is satisfied: 

(a) Execution. This Amendment shall have been executed and delivered by the Agents party hereto, the Consenting Lenders and each
of the Loan Parties (and the Lenders so executing this Amendment hereby authorize and direct each of the Agents to so execute and deliver this Amendment). 

 (b) Representations and Warranties. The representations and warranties contained
herein shall be true and correct in all respects, and, after giving effect to this Amendment, no Event of Default or Default shall exist. 

(c) Corporate Documents. The Administrative Agent shall have received: 

(i) a certificate of the Secretary or Assistant Secretary of each Loan Party dated the Third Amendment Effective Date and
certifying (A) that attached thereto is a true and complete copy of the certificate or articles of incorporation or other constitutive documents, including all amendments thereto certified as of a recent date by the Secretary of State of the
state of its organization, (B) that attached thereto is a true and complete copy of the by-laws of such Loan Party as in effect on the Third Amendment Effective Date and at all times since a date prior to the date of the resolutions described
in clause (C) below, (C) that attached thereto is a true and complete copy of resolutions duly adopted by the Board of Directors of such Loan Party authorizing the execution, delivery and performance of the Loan Documents to which
such Person is a party and, in the case of Borrower, the borrowings hereunder, and that such resolutions have not been modified, rescinded or amended and are in full force and effect, (D) as to the incumbency and specimen signature of each
officer executing any Loan Document or any other document delivered in connection herewith on behalf of such Loan Party (together with a certificate of another officer as to the incumbency and specimen signature of the Secretary or Assistant
Secretary executing the certificate in this clause (i)); 
 (ii) a certificate as to the good
standing of each Loan Party as of a recent date, from the Secretary of State of its state of organization; and 

(iii) such other documents as the Consenting Lenders, the Issuing Bank or the Administrative Agent may reasonably request.

 (d) Officer’s Certificate. The Administrative Agent shall have received a certificate, dated the
Third Amendment Effective Date and signed by the Chief Executive Officer, the President or the Chief Financial Officer of Borrower, confirming compliance with the conditions precedent set forth in this Section 2. 

(e) Opinions of Counsel. The Administrative Agent shall have received, on behalf of itself, the other Agents, the
Lenders and the Issuing Bank, a favorable written opinion of (i) Jones Day, special counsel for the Loan Parties, in form and substance reasonably satisfactory to the Administrative Agent, and (ii) each local counsel listed on Schedule
I hereto, in form and substance reasonably satisfactory to the Administrative Agent, in each case (A) dated the Third Amendment Effective Date, (B) addressed to the 

 

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Agents, the Issuing Bank and the Lenders and (C) covering such other matters relating to this Amendment and the transactions contemplated in connection herewith as the Administrative Agent
may reasonably request. 
 (f) Consents. The Lenders shall be satisfied that all consents and approvals
required from Governmental Authorities and third parties, to the extent necessary to enable Borrower to accurately make the representations and warranties set forth in Section 3.03 of the Credit Agreement as of the Third Amendment
Effective Date, shall have been obtained and be in full force and effect, and there shall be no governmental or judicial action, actual or threatened, that has or would have, singly or in the aggregate, a reasonable likelihood of, in any material
respect, restraining, preventing or imposing burdensome conditions on the transactions contemplated hereby. 

(g) Fees. (i) The Agent shall have received, for the benefit of the Consenting Lenders in accordance with
their respective Pro Rata Percentages of the Commitments as set forth on Exhibit A hereto, a closing fee in an amount equal to $1,575,000 by wire transfer of immediately available funds, and, (ii) without duplication of the foregoing,
the Lenders, the Collateral Agent and the Administrative Agent shall have received all Fees and other amounts due and payable on or prior to the Third Amendment Effective Date, including, to the extent invoiced, reimbursement or payment of all
out-of-pocket expenses (including the reasonable legal fees and expenses of Latham & Watkins, LLP, special counsel to the Agents, and the reasonable fees and expenses of any local counsel, appraisers, consultants and other advisors)
required to be reimbursed or paid by Borrower hereunder or under any other Loan Document. 
 (h) Mortgaged
Real Property. The Collateral Agent shall have received: 
 (i) a mortgage modification with respect to
each Mortgage encumbering each Mortgaged Real Property in favor of Collateral Agent, for the benefit of the Secured Parties, duly executed and acknowledged by each Loan Party that is the owner of or holder of any interest in such Mortgaged Real
Property, and otherwise in form for recording or filing, as applicable, in the recording office of each county where each such Mortgaged Real Property is situated, together with such certificates, affidavits, questionnaires or returns as shall be
required in connection with the recording or filing thereof to create a mortgage lien under applicable law, and financing statements relating to the fixtures located on such Mortgage Property, all of which shall be in form and substance reasonably
satisfactory to Collateral Agent, and any other instruments necessary to grant a mortgage lien under the laws of any applicable jurisdiction; 

(ii) evidence reasonably acceptable to the Collateral Agent of payment by Borrower of any mortgage recording taxes, fees,
charges, costs and expenses required for the recording of the mortgage modifications referred to subparagraph (i) above; 

(iii) Borrower and each Subsidiary shall have made all notification, registrations and filings, to the extent required by,
and in accordance with, all Governmental Real Property Disclosure Requirements applicable to such Mortgaged Real Property; 
  

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 (iv) Mortgage modification endorsements or such other title endorsements or
policies as reasonably requested insuring the Mortgages as modified by the mortgage modifications referred to subparagraph (i) above; and 

(v) flood zone certificates in form and substance reasonably satisfactory to Agent and evidence of flood insurance with
respect to any Mortgaged Property located in a flood zone. 
 SECTION 3. Termination of Commitments of Non-Consenting
Lenders; Commitments in Effect as of Third Amendment Effective Date. Pursuant to, and in accordance with, Section 11.02 of the Credit Agreement, the Borrower, the Administrative Agent and the Consenting Lenders hereby agree that,
upon the Third Amendment Effective Date, (a) the Commitments of the Non-Consenting Lenders shall terminate automatically and without further action, (b)(i) the Borrower shall request that the Consenting Lenders make Revolving Loans on the Third
Amendment Effective Date, pro rata in accordance with their respective Commitments as set forth in Exhibit B hereto, in an aggregate amount equal to the aggregate amount sufficient (together with the Borrower’s available cash) to
pay to each Non-Consenting Lender in full the principal of its Loans, accrued interest thereon, accrued fees and all other amounts, in each case owing to it or accrued for its account under the Credit Agreement (including, without limitation, all
amounts under Sections 2.12, 2.13 and 2.15 thereof) as of the Third Amendment Effective Date and (ii) the Administrative Agent shall apply the proceeds of such Revolving Loans, together with any amounts received from the
Borrower for such purpose, to such payments to the Non-Consenting Lenders, and, (c) immediately after giving effect to the foregoing clauses (a) and (b), (i) the Commitments of, and outstanding Obligations owing to, the
Consenting Lenders shall be adjusted to give effect to the termination of the Commitments of the Non-Consenting Lenders, the borrowing of Revolving Loans and the payments to the Non-Consenting Lenders, in each case contemplated in the foregoing
clause (b) and (ii) such Commitments of the Consenting Lenders shall be as set forth in Exhibit B hereto. 

SECTION 4. Representations and Warranties of Loan Parties. 

(a) The execution, delivery and performance by each Loan Party of this Amendment have been duly authorized by all necessary corporate
action and this Amendment is a legal, valid and binding obligation of such Loan Party enforceable against such Loan Party in accordance with its terms, except as the enforcement thereof may be subject to (i) the effect of any applicable
bankruptcy, insolvency, reorganization, moratorium or similar law affecting creditors’ rights generally and (ii) general principles of equity (regardless of whether such enforcement is sought in a proceeding in equity or at law);

 (b) Each of the representations and warranties of the Loan Parties contained in the Credit Agreement is true and correct in
all material respects on and as of the date hereof as if made on the date hereof, except to the extent that such representations and warranties expressly relate to an earlier date; and 

 

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 (c) Neither the execution, delivery and performance of this Amendment by each Loan Party nor
the consummation of the transactions contemplated hereby does or will contravene, result in a breach of, or violate (i) any provision of such Loan Party’s certificate or articles of incorporation or bylaws, (iii) any law or
regulation, or any order or decree of any court or government instrumentality, in each case, applicable to any Loan Party or its assets, or (iii) any indenture, mortgage, deed of trust, lease, agreement or other instrument to which such Loan
Party or any of its Subsidiaries is a party or by which such Loan Party or any of its Subsidiaries or any of their property is bound, except in any such case to the extent such conflict or breach has been waived by a written waiver document, a copy
of which has been delivered to the Agents on or before the date hereof. 
 SECTION 5. Reference to and Effect upon
the Credit Agreement. 
 (a) Except as specifically contemplated herein, the Credit Agreement and the other Loan
Documents shall remain in full force and effect and are hereby ratified and confirmed, including, without limitation each Guarantor’s guarantee set forth in Article VII of the Credit Agreement. 

(b) The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of any Agent
or any Lender under the Credit Agreement or any other Loan Document, nor constitute an amendment of any provision of the Credit Agreement or any other Loan Document, except as specifically set forth herein. Upon the effectiveness of this Amendment,
each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or words of similar import shall mean and be a reference to the Credit Agreement as amended hereby. 

(c) Each Loan Party acknowledges and agrees that the execution and delivery by Agents party hereto and Required Lenders of this Amendment
shall not be deemed (i) to create a course of dealing or otherwise obligate any Agent or any Lender to forbear, waive, consent or execute similar amendments under the same or similar circumstances in the future, or (ii) to amend,
relinquish or impair any right of any Agent or any Lender to receive any indemnity or similar payment from any Person or entity as a result of any matter arising from or relating to this Amendment. 

(d) Each Loan Party affirms and acknowledges that this Amendment constitutes a Loan Document under the Credit Agreement and any reference
to the Loan Documents under the Credit Agreement contained in any notice, request, certificate or other document executed concurrently with or after the execution and delivery of this Amendment shall be deemed to include this Amendment unless the
context shall otherwise specify. 
 (e) In connection with the execution and delivery of this Amendment and after taking account
of the provisions of this Amendment, each of the Loan Parties, as debtor, grantor, mortgagor, pledgor, guarantor, assignor, or in other similar capacities in which such Loan Party grants liens or security interests in its properties or otherwise
acts as an accommodation party or guarantor, as the case may be, in any case under any one or more Security Documents to which it is a party, ratifies and reaffirms all of its payment and performance obligations, contingent or otherwise, under each
of such Security Document to which it is a party (whether or not amended 
  

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in connection with this Amendment). To the extent any Loan Party granted liens on or security interests in any of its assets pursuant to any such Security Document as security for the Obligations
under or with respect to the Credit Agreement, each such Loan Party hereby ratifies and reaffirms such grant of security and confirms and agrees that such liens or security interests have been and are hereby granted to the Collateral Agent for the
benefit of Lenders under the Credit Agreement (as amended by this Amendment) and other beneficiaries of such liens or security interests and such liens or security interests hereafter secure all of the Obligations under the Credit Agreement (as
amended by this Amendment). In each case each reference in such Security Document to the obligations secured thereby shall be construed to hereafter mean and refer to the Obligations under the Credit Agreement (as amended by this Amendment).

 SECTION 6. Costs and Expenses. As provided in Section 11.03 of the Credit Agreement, Borrower
agrees to reimburse Agents for all reasonable out-of-pocket fees, costs and expenses, including the fees, costs and expenses of counsel or other advisors for advice, assistance, or other representation in connection with this Amendment. 

SECTION 7. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS OF
THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THAT WOULD REQUIRE THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION. 

SECTION 8. Headings. Section headings in this Amendment are included herein for convenience of reference only and
shall not constitute a part of this Amendment for any other purposes. 
 SECTION 9. Counterparts. This
Amendment may be executed in any number of counterparts, each of which when so executed shall be deemed an original, but all such counterparts shall constitute one and the same instrument. In the event that any signature is delivered by facsimile or
other electronic transmission, such signature shall create a valid and binding obligation of the party executing (or on whose behalf the signatory is executing) the same with the same force and effect as if such facsimile or other electronically
delivered signature page were an original thereof, and such party shall promptly follow its facsimile or other electronically delivered signature page by delivery of a hard copy original. 

[Signature Pages Follow] 
  

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 IN WITNESS WHEREOF, the parties hereto have executed and delivered this Amendment as of the
date first written above. 
  

			
	HARRY AND DAVID
		
	By:	 	 /s/ Edward F. Dunlap

	Name:	 	Edward F. Dunlap
	Title:	 	Senior Vice President and Chief Financial Officer
	
	HARRY & DAVID HOLDINGS, INC.
		
	By:	 	 /s/ Edward F. Dunlap

	Name:	 	Edward F. Dunlap
	Title:	 	Senior Vice President and Chief Financial Officer
	
	BEAR CREEK ORCHARDS, INC.
		
	By:	 	 /s/ Edward F. Dunlap

	Name:	 	Edward F. Dunlap
	Title:	 	Senior Vice President and Chief Financial Officer
	
	HARRY & DAVID OPERATIONS, INC.
		
	By:	 	 /s/ Edward F. Dunlap

	Name:	 	Edward F. Dunlap
	Title:	 	Senior Vice President and Chief Financial Officer

[Signature Page to Third Amendment to Credit Agreement] 

			
	GMAC COMMERCIAL FINANCE LLC,
	as a Lender and Collateral Agent
		
	By:	 	 /s/ Joseph Skaferowsky

	Name:	 	Joseph Skaferowsky
	Title:	 	Director

 [Signature Page to Third
Amendment to Credit Agreement] 

			
	UBS AG, STAMFORD BRANCH,
	as a Lender, Administrative Agent and Administrative Collateral Agent
		
	By:	 	 /s/ Mary E. Evans

	Name:	 	Mary E. Evans
	Title:	 	Associate Director
		 	Banking Products Services US
		
	By:	 	 /s/ April Varner-Nanton

	Name:	 	April Varner-Nanton
	Title:	 	Director
		 	Banking Products Services US
	
	 UBS LOAN FINANCE LLC,

as a Lender and Swingline Lender

		
	By:	 	 /s/ Mary E. Evans

	Name:	 	Mary E. Evans
	Title:	 	Associate Director
		 	Banking Products Services US
		
	By:	 	 /s/ April Varner-Nanton

	Name:	 	April Varner-Nanton
	Title:	 	Director
		 	Banking Products Services US

[Signature Page to Third Amendment to Credit Agreement] 

 EXHIBIT A 

AMENDED CREDIT AGREEMENT 

[See attached.] 
  

 Exhibit A-1 

 $105.0 MILLION 

CREDIT AGREEMENT 

dated as of March 20, 2006, 

(as amended by the First Amendment dated as of June 21, 2007, 

the Consent and Second Amendment dated as of August 8, 2008 and 

the Third Amendment dated as of July 7, 2010) 

among 

HARRY AND DAVID, 

as Borrower, 

HARRY & DAVID HOLDINGS, INC. 

and 

THE OTHER GUARANTORS PARTY HERETO, 

as Guarantors, 

THE LENDERS PARTY HERETO, 

GMAC COMMERCIAL FINANCE LLC, 

as Collateral Agent and Documentation Agent, 

UBS SECURITIES LLC, 

as Arranger, 

UBS AG, STAMFORD BRANCH, 

as Issuing Bank, Administrative Collateral Agent and Administrative Agent, 

and 

UBS LOAN FINANCE LLC, 

as Swingline Lender 
  

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 TABLE OF CONTENTS 

 

			
	  	  	Page
	ARTICLE I. DEFINITIONS	  	1
		
	 SECTION 1.01 Defined Terms.
	  	1
	 SECTION 1.02 Classification of Loans and Borrowings.
	  	41
	 SECTION 1.03 Terms Generally.
	  	41
	 SECTION 1.04 Accounting Terms; GAAP.
	  	41
	 SECTION 1.05 Resolutions of Drafting Ambiguities.
	  	42
		
	ARTICLE II. THE CREDITS	  	42
		
	 SECTION 2.01 Commitments.
	  	42
	 SECTION 2.02 Loans.
	  	42
	 SECTION 2.03 Borrowing Procedure.
	  	44
	 SECTION 2.04 Evidence of Debt; Repayment of Loans.
	  	45
	 SECTION 2.05 Fees.
	  	46
	 SECTION 2.06 Interest on Loans and Default Compensation.
	  	47
	 SECTION 2.07 Termination and Reduction of Commitments.
	  	48
	 SECTION 2.08 Interest Elections.
	  	49
	 SECTION 2.09 [Intentionally Omitted.]
	  	50
	 SECTION 2.10 Optional and Mandatory Prepayments of Loans.
	  	50
	 SECTION 2.11 Alternate Rate of Interest.
	  	55
	 SECTION 2.12 Increased Costs.
	  	56
	 SECTION 2.13 Breakage Payments.
	  	57
	 SECTION 2.14 Payments Generally; Pro Rata Treatment; Sharing of Set-offs.
	  	58
	 SECTION 2.15 Taxes.
	  	59
	 SECTION 2.16 Mitigation Obligations; Replacement of Lenders.
	  	62
	 SECTION 2.17 Swingline Loans.
	  	63
	 SECTION 2.18 Letters of Credit.
	  	65
	 SECTION 2.19 Determination of Borrowing Base.
	  	70
	 SECTION 2.20 Defaulting Lenders.
	  	75
	 SECTION 2.21 Increase in Commitments.
	  	77
		
	ARTICLE III. REPRESENTATIONS AND WARRANTIES	  	79
		
	 SECTION 3.01 Organization; Powers.
	  	79
	 SECTION 3.02 Authorization; Enforceability.
	  	79
	 SECTION 3.03 Governmental Approvals; No Conflicts.
	  	79
	 SECTION 3.04 Financial Statements.
	  	80
	 SECTION 3.05 Properties.
	  	80
	 SECTION 3.06 Equity Interests and Subsidiaries.
	  	82
	 SECTION 3.07 Litigation; Compliance with Laws.
	  	82
	 SECTION 3.08 Agreements.
	  	83
	 SECTION 3.09 Federal Reserve Regulations.
	  	83
	 SECTION 3.10 Investment Company Act.
	  	84

  

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	 SECTION 3.11 Use of Proceeds.
	  	84
	 SECTION 3.12 Taxes.
	  	84
	 SECTION 3.13 No Material Misstatements.
	  	84
	 SECTION 3.14 Labor Matters.
	  	84
	 SECTION 3.15 Solvency.
	  	85
	 SECTION 3.16 Employee Benefit Plans.
	  	85
	 SECTION 3.17 Environmental Matters.
	  	85
	 SECTION 3.18 Insurance.
	  	87
	 SECTION 3.19 Security Documents.
	  	87
	 SECTION 3.20 Senior Note Documents.
	  	88
	 SECTION 3.21 Location of Material Inventory.
	  	88
	 SECTION 3.22 Accuracy of Borrowing Base.
	  	88
	 SECTION 3.23 Holdings.
	  	89
	 SECTION 3.24 Common Enterprise.
	  	89
	 SECTION 3.25 Anti-Terrorism Laws.
	  	89
	 SECTION 3.26 PACA and FSA.
	  	90
	 SECTION 3.27 Farmer Bankruptcy.
	  	90
	 SECTION 3.28 Water Availability.
	  	90
		
	 ARTICLE IV. CONDITIONS TO EFFECTIVENESS OF AGREEMENT AND INITIAL CREDIT EXTENSIONS HEREUNDER
	  	90
		
	 SECTION 4.01 Conditions to Initial Credit Extension.
	  	90
	 SECTION 4.02 Conditions to All Credit Extensions.
	  	95
		
	 ARTICLE V. AFFIRMATIVE COVENANTS
	  	96
		
	 SECTION 5.01 Financial Statements, Reports, Etc.
	  	96
	 SECTION 5.02 Litigation and Other Notices.
	  	99
	 SECTION 5.03 Existence; Businesses and Properties.
	  	100
	 SECTION 5.04 Insurance.
	  	101
	 SECTION 5.05 Obligations and Taxes.
	  	102
	 SECTION 5.06 Employee Benefits.
	  	102
	 SECTION 5.07 Maintaining Records; Access to Properties and Inspections.
	  	102
	 SECTION 5.08 Use of Proceeds.
	  	103
	 SECTION 5.09 Compliance with Environmental Laws; Environmental Reports.
	  	103
	 SECTION 5.10 Real Property.
	  	103
	 SECTION 5.11 Additional Collateral; Additional Guarantors.
	  	104
	 SECTION 5.12 Security Interests; Further Assurances.
	  	106
	 SECTION 5.13 Information Regarding Collateral.
	  	106
	 SECTION 5.14 Post-Closing Collateral Matters.
	  	107
	 SECTION 5.15 Borrowing Base-Related Reports.
	  	107
	 SECTION 5.16 Evidence of Water Availability.
	  	108
		
	 ARTICLE VI. NEGATIVE COVENANTS
	  	108
		
	 SECTION 6.01 Indebtedness.
	  	108
	 SECTION 6.02 Liens.
	  	110

  

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	 SECTION 6.03 Sale and Leaseback Transactions.
	  	113
	 SECTION 6.04 Investment, Loan and Advances.
	  	114
	 SECTION 6.05 Mergers, Consolidations, Sales of Assets and Acquisitions.
	  	115
	 SECTION 6.06 Dividends.
	  	117
	 SECTION 6.07 Transactions with Affiliates.
	  	118
	 SECTION 6.08 Financial Covenants.
	  	119
	 SECTION 6.09 Limitation on Modifications of Indebtedness; Modifications of Certificate of Incorporation, or Other Constitutive
Documents, By-laws and Certain Other Agreements, Etc.
	  	119
	 SECTION 6.10 Limitation on Certain Restrictions on Subsidiaries.
	  	121
	 SECTION 6.11 Limitation on Issuance of Capital Stock.
	  	121
	 SECTION 6.12 Limitation on Creation of Subsidiaries.
	  	121
	 SECTION 6.13 Business.
	  	122
	 SECTION 6.14 Limitation on Accounting Changes.
	  	122
	 SECTION 6.15 Fiscal Year.
	  	122
	 SECTION 6.16 No Negative Pledges.
	  	123
	 SECTION 6.17 Lease Obligations.
	  	123
	 SECTION 6.18 Intentionally Omitted.
	  	123
	 SECTION 6.19 Anti-Terrorism Law; Anti-Money Laundering.
	  	123
	 SECTION 6.20 Embargoed Person.
	  	123
	 SECTION 6.21 PACA License.
	  	124
		
	 ARTICLE VII. GUARANTEE
	  	124
		
	 SECTION 7.01 The Guarantee.
	  	124
	 SECTION 7.02 Obligations Unconditional.
	  	124
	 SECTION 7.03 Reinstatement.
	  	126
	 SECTION 7.04 Subrogation; Subordination.
	  	126
	 SECTION 7.05 Remedies.
	  	126
	 SECTION 7.06 Instrument for the Payment of Money.
	  	127
	 SECTION 7.07 Continuing Guarantee.
	  	127
	 SECTION 7.08 General Limitation on Guarantee Obligations.
	  	127
		
	 ARTICLE VIII. EVENTS OF DEFAULT
	  	127
		
	 ARTICLE IX. COLLATERAL ACCOUNT; APPLICATION OF COLLATERAL PROCEEDS
	  	130
		
	 SECTION 9.01 Accounts and Account Collections.
	  	130
	 SECTION 9.02 Inventory.
	  	134
	 SECTION 9.03 Equipment, Real Property and Appraisals.
	  	134
	 SECTION 9.04 Cash Collateral Account.
	  	135
	 SECTION 9.05 Application of Proceeds.
	  	135
		
	 ARTICLE X. THE ADMINISTRATIVE AGENT AND THE COLLATERAL AGENT
	  	136
		
	 SECTION 10.01 Appointment.
	  	136

  

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	 SECTION 10.02 Administrative Agent, Collateral Agent and Administrative Collateral Agent in Their Individual Capacities;
Conflicts Among Agents.
	  	136
	 SECTION 10.03 Exculpatory Provisions.
	  	137
	 SECTION 10.04 Reliance by Agents.
	  	137
	 SECTION 10.05 Delegation of Duties.
	  	138
	 SECTION 10.06 Successor Administrative Agent, Collateral Agent and Administrative Collateral Agent.
	  	138
	 SECTION 10.07 Non-Reliance on Agents and Other Lenders.
	  	139
	 SECTION 10.08 No Other Administrative Agent, Collateral Agent or Administrative Collateral Agent.
	  	139
	 SECTION 10.09 Indemnification.
	  	139
	 SECTION 10.10 Overadvances.
	  	140
	 SECTION 10.11 Collateral Matters.
	  	140
	 SECTION 10.12 Administrative Collateral Agent.
	  	141
		
	 ARTICLE XI. MISCELLANEOUS
	  	141
		
	 SECTION 11.01 Notices.
	  	141
	 SECTION 11.02 Waivers; Amendment.
	  	143
	 SECTION 11.03 Expenses; Indemnity.
	  	146
	 SECTION 11.04 Successors and Assigns.
	  	147
	 SECTION 11.05 Survival of Agreement.
	  	151
	 SECTION 11.06 Counterparts; Integration; Effectiveness.
	  	151
	 SECTION 11.07 Severability.
	  	152
	 SECTION 11.08 Right of Setoff.
	  	152
	 SECTION 11.09 Governing Law; Jurisdiction; Consent to Service of Process.
	  	152
	 SECTION 11.10 Waiver of Jury Trial.
	  	153
	 SECTION 11.11 Headings.
	  	153
	 SECTION 11.12 Confidentiality.
	  	153
	 SECTION 11.13 Interest Rate Limitation.
	  	154
	 SECTION 11.14 Lender Addendum.
	  	154
	 SECTION 11.15 USA Patriot Act Notice.
	  	154

  

 iv 

 ANNEXES 
  

			
	Annex I	 	Applicable Margin
	
	SCHEDULES
		
	Schedule 1.01(a)	 	Mortgaged Real Property
	Schedule 1.01(c)	 	Appraised Value of Eligible Equipment and Eligible Real Property
	Schedule 1.01(d)	 	Locations of Eligible Equipment
	Schedule 2.18(n)	 	Outstanding Letters of Credit
	Schedule 3.03	 	Governmental Approvals; Compliance with Laws
	Schedule 3.05(b)	 	Real Property
	Schedule 3.05(c)	 	Existing Intellectual Property Violations
	Schedule 3.06(a)	 	Subsidiaries
	Schedule 3.06(c)	 	Corporate Organizational Chart
	Schedule 3.08(c)	 	Material Agreements
	Schedule 3.17	 	Environmental Matters
	Schedule 3.18	 	Insurance
	Schedule 3.21	 	Location of Material Inventory
	Schedule 4.01(g)	 	Local Counsel
	Schedule 4.01(o)(iii)	 	Title Insurance Amounts
	Schedule 5.14	 	Post-Closing Matters
	Schedule 6.01(b)	 	Existing Indebtedness
	Schedule 6.01(m)	 	Existing Documentary Letters of Credit
	Schedule 6.02(c)	 	Existing Liens
	Schedule 6.02(g)	 	Existing Leases
	Schedule 6.03	 	Permitted Sale Leasebacks
	Schedule 6.04(a)	 	Existing Investments
	Schedule 9.01(d)	 	Blocked Accounts
	  
 EXHIBITS

 

	Exhibit A-1	 	Form of Administrative Questionnaire
	Exhibit A-2	 	Form of Compliance Certificate
	Exhibit A-3	 	Form of LC Request
	Exhibit A-4	 	Form of Lender Addendum
	Exhibit B	 	Form of Assignment and Acceptance
	Exhibit C	 	Form of Borrowing Request
	Exhibit D	 	Form of Interest Election Request
	Exhibit E	 	Form of Joinder Agreement
	Exhibit F	 	Form of Landlord Lien Waiver and Access Agreement
	Exhibit G	 	Form of Mortgage
	Exhibit H-1	 	Form of Revolving Note
	Exhibit H-2	 	Form of Swingline Note
	Exhibit I-1	 	Form of Perfection Certificate
	Exhibit I-2	 	Form of Perfection Certificate Supplement

  

 v 

			
	Exhibit J	 	Form of Security Agreement
	Exhibit K-1	 	Form of Opinion of Company Counsel
	Exhibit K-2	 	Form of Opinion of Local Counsels
	Exhibit L	 	Form of Intercompany Note
	Exhibit M	 	Form of Solvency Certificate
	Exhibit N	 	Form of Borrowing Base Certificate

  

 vi 

 CREDIT AGREEMENT 

This CREDIT AGREEMENT (this “Agreement”), dated as of March 20, 2006 (as amended by the First Amendment dated as of
June 21, 2007 (the “First Amendment Effective Date”), the Consent and Second Amendment dated as of August 8, 2008 (the “Second Amendment Effective Date”) and the Third Amendment dated as of July 7,
2010 (the “Third Amendment Effective Date”)), is entered into by and among HARRY AND DAVID, an Oregon corporation (“Borrower”), HARRY & DAVID HOLDINGS, INC., a Delaware corporation
(“Holdings”), the other Guarantors (such term and each other capitalized term used but not defined herein having the meaning given to it in Article I), the Lenders, UBS SECURITIES LLC, as lead arranger (in such capacity,
“Arranger”), UBS LOAN FINANCE LLC, as a Lender and as swingline lender (in such capacity, “Swingline Lender”), UBS AG, STAMFORD BRANCH (“UBS AG”), as issuing bank (in such capacity, “Issuing
Bank”), as the administrative collateral agent (in such capacity, the “Administrative Collateral Agent”) and as administrative agent (in such capacity, “Administrative Agent”) for the Lenders, and GMAC
COMMERCIAL FINANCE LLC, as collateral agent (in such capacity, the “Collateral Agent”) for the Secured Parties and Issuing Bank and as documentation Agent. 

WITNESSETH: 

WHEREAS, Borrower has requested the Lenders to extend credit in the form of Revolving Loans at any time and from time to time prior to
the Final Maturity Date, in an aggregate principal amount at any time outstanding not in excess of $105.0 million, as such amount may be increased as provided in this Agreement; 

WHEREAS, Borrower has requested the Swingline Lender to make Swingline Loans, at any time and from time to time prior to the Final
Maturity Date, in an aggregate principal amount at any time outstanding not in excess of $10.0 million; 
 WHEREAS, Borrower has
requested the Issuing Bank to issue letters of credit, in an aggregate face amount at any time outstanding not in excess of $8.0 million, to support payment obligations incurred in the ordinary course of business by Borrower and/or any Subsidiary
Guarantor; and 
 WHEREAS, the proceeds of the Loans are to be used in accordance with Section 3.11. 

NOW, THEREFORE, the parties hereto agree as follows: 

ARTICLE I. 

DEFINITIONS 

SECTION 1.01 Defined Terms. As used in this Agreement, the following terms shall have the meanings specified below: 

“ABR Borrowing” shall mean a Borrowing comprised of ABR Loans. 

“ABR Loan” shall mean any Revolving Loan bearing interest at a rate determined by reference to the Alternate Base Rate
in accordance with the provisions of Article II. 

 “Account Debtor” shall mean any Person who may become obligated to another
Person under, with respect to, or on account of, an Account. 
 “Accounting Changes” shall have meaning
assigned to such term in Section 1.04. 
 “Accounts” shall mean, with respect to any Loan Party,
all “accounts,” as such term is defined in the UCC as in effect on the date hereof in the State of New York, in which such Loan Party now or hereafter has rights. 

“Acquisition Agreement” shall mean that certain Stock Purchase Agreement dated as of April 1, 2004 among Holdings,
Yamanouchi Consumer, Inc., Yamanouchi Pharmaceutical Co., Ltd. and Yamanouchi U.S. Holding Inc., as amended or otherwise modified from time to time in accordance with the provisions hereof and thereof. 

“Acquisition Consideration” shall mean the purchase consideration for any Permitted Acquisition and all other payments
by Holdings or any of its Subsidiaries (including payments of fees and expenses) in exchange for, or as part of, or in connection with, any Permitted Acquisition, whether paid in cash or by exchange of Equity Interests or of properties or otherwise
and whether payable at or prior to the consummation of such Permitted Acquisition or deferred for payment at any future time, whether or not any such future payment is subject to the occurrence of any contingency, and includes any and all payments
representing the purchase price and any assumptions of Indebtedness, “earn-outs” and other agreements to make any payment the amount of which is, or the terms of payment of which are, in any respect subject to or contingent upon the
revenues, income, cash flow or profits (or the like) of any person or business; provided that any such future payment that is subject to a contingency shall be considered Acquisition Consideration only to the extent of the reserve, if any,
required under GAAP at the time of such sale to be established in respect thereof by Holdings or any of its Subsidiaries. 

“Acquisition Documents” shall mean the collective reference to the Acquisition Agreement and all other documents,
instruments and agreements executed in connection therewith or delivered pursuant thereto, in each case, by any Loan Party. 

“Activation Notice” shall have the meaning assigned to such term in Section 9.01(e). 

“Adjusted LIBOR Rate” shall mean, with respect to any Eurodollar Borrowing for any Interest Period,
an interest rate per annum (rounded upward, if necessary, to the next
 1/100 of 1%) determined by the Administrative Agent
to be equal to (a) the LIBOR Rate for such Eurodollar Borrowing in effect for such Interest Period divided by (b) 1 minus the Statutory Reserves (if any) for such Eurodollar Borrowing for such Interest Period. 

 “Administrative Agent” shall have the meaning assigned to such term in the preamble hereto and includes each
other Person appointed as the successor of the Administrative Agent pursuant to Article X. 
 “Administrative
Agent Fees” shall have the meaning assigned to such term in Section 2.05(b)(i). 
  

 2 

 “Administrative Collateral Agent” shall have the meaning assigned to such
term in the preamble hereto and includes each other Person appointed as the successor of the Administrative Collateral Agent pursuant to Article X. 

“Administrative Questionnaire” shall mean an Administrative Questionnaire in the form of Exhibit A-1, or such
other form as may be supplied from time to time by the Administrative Agent. 
 “Affiliate” shall mean, when
used with respect to a specified Person, another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified; provided, however, that, for
purposes of Section 6.07, the term “Affiliate” shall also include any Person that directly or indirectly owns more than 10% of any class of Equity Interests of the Person specified or that is an executive officer or director of
the Person specified. 
 “Agents” shall mean the Arranger, Administrative Agent, the Administrative Collateral
Agent, the Collateral Agent, and any syndication agent, documentation agent or other agent appointed pursuant to the provisions of Article X. 

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

“Alternate Base Rate” shall mean, for any day, a fluctuating rate per annum (rounded upward,
if necessary, to the nearest
 
1/100th
 of 1%) equal to the greatest of (a) the Base Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such day plus 0.50% and (c) the Adjusted
LIBOR Rate for an Interest Period of one-month beginning on such day (or if such day is not a Business Day, on the immediately preceding Business Day) plus 100 basis points. If the Administrative Agent shall have determined (which determination
shall be conclusive absent manifest error) that it is unable to ascertain the Federal Funds Effective Rate for any reason, including the inability or failure of the Administrative Agent to obtain sufficient quotations in accordance with the terms of
the definition thereof, the Alternate Base Rate shall be determined without regard to clause (b) of the preceding sentence until the circumstances giving rise to such inability no longer exist. Any change in the Alternate Base Rate due
to a change in the Base Rate or the Federal Funds Effective Rate shall be effective on the effective date of such change in the Base Rate or the Federal Funds Effective Rate, respectively. 

“Anti-Terrorism Laws” shall have the meaning assigned to such term in Section 3.25. 

“Applicable Margin” shall mean, for any day, the applicable percentage set forth in Annex I under the appropriate
caption. 
 “Arranger” shall have the meaning assigned to such term in the preamble hereto. 

“Asset Sale” shall mean (a) any conveyance, sale, lease, sublease, assignment, transfer or other disposition
(including by way of merger or consolidation and including any sale and leaseback transaction) of any Property (including stock of any Subsidiary of Holdings by the holder thereof) by Holdings, the Borrower or any of their Subsidiaries to any Person
other than Borrower or any Subsidiary Guarantor (excluding (i) Inventory sold in the ordinary course of business, (ii) any sale or discount, in each case without recourse, of accounts receivable arising

  

 3 

 
in the ordinary course of business, but only in connection with the compromise or collection thereof, (iii) disposals of obsolete, uneconomical, negligible, worn out or surplus Property in
the ordinary course of business, (iv) licenses of intellectual property not intended to effect a disposition thereof and leases of Real Property not intended to effect a disposition thereof or (v) sales of Cash Equivalents and marketable
securities) and (b) any issuance or sale by any Subsidiary of Holdings of its Equity Interests to any Person (other than to the Borrower or any Subsidiary Guarantor or, in the case of the Borrower, to Holdings, or, in the case of any SPE
License Sub, to a Person that is not a Loan Party solely to the extent required to comply with applicable Requirements of Law relating to the issuance of licenses to sell alcoholic beverages). 

“Assigning Lender” shall have the meaning assigned to such term in Section 11.04(h). 

“Assignment and Acceptance” shall mean an assignment and acceptance entered into by a Lender and an assignee, and
accepted by the Administrative Agent, in the form of Exhibit B, or such other form as shall be approved by the Administrative Agent. 

“Attributable Indebtedness” shall mean, when used with respect to any sale and leaseback transaction, as at the time of
determination, the present value (discounted at a rate equivalent to the then-current weighted average cost of funds for borrowed money of Holdings and all of its Domestic Subsidiaries as at the time of determination, compounded on a semi-annual
basis) of the total obligations of the lessee for rental payments during the remaining term of the lease included in any such sale and leaseback transaction. 

“Available Cash” means, as of any date, the sum as of such date of all cash and Cash Equivalents of Holdings and its
Consolidated Subsidiaries that is not subject to any Lien (other than Permitted Liens described in Sections 6.02(a), 6.02(b), 6.02(j) and 6.02(l)), minus all accounts payable of Holdings and/or any of its
Consolidated Subsidiaries. 
 “Base Rate” shall mean, for any day, a rate per annum that is equal to the
corporate base rate of interest established by the Administrative Agent from time to time; each change in the Base Rate shall be effective on the date such change is publicly announced as being effective. The corporate base rate is not necessarily
the lowest rate charged by the Administrative Agent to its customers. 
 “Blocked Accounts” shall have the
meaning assigned to such term in Section 9.01(d). 
 “Board” shall mean the Board of Governors of
the Federal Reserve System of the United States. 
 “Borrower” shall have the meaning assigned to such term in
the preamble hereto. 
 “Borrowing” shall mean, as the context requires, a borrowing of (a) a Revolving
Loan or (b) a Swingline Loan. 
 “Borrowing Base” shall mean at any time, subject to adjustment as
provided in Section 2.19, an amount equal to the sum of, without duplication: 
 (a) the book value
of Eligible Accounts of Borrower and the Subsidiary Guarantors multiplied by the advance rate of 80%, plus 
  

 4 

 (b) the lesser of (i) the sum of (A) during the months of January
through and including September in each calendar year, the advance rate of 55%, and (B) at all other times, the advance rate of 75%, in each case, of the Cost of Eligible Inventory of Borrower and the Subsidiary Guarantors, and (ii) the
advance rate of 85% of the product of (A) the product of (1) net book value (after reserves as determined in accordance with GAAP) of Inventory of Borrower and the Subsidiary Guarantors and (2) the Inventory Eligibility Factor and
(B) the Net Orderly Liquidation Percentage, plus 
 (c) during the Fixed Asset Loan Period of each
fiscal year, the Fixed Asset Loan Value of Borrower and the Subsidiary Guarantors; provided that the Fixed Asset Loan Value of Borrower and the Subsidiary Guarantors shall in no event exceed $50.0 million, plus 

(d) for the time period beginning on the first Monday after Labor Day of each calendar year through and including the
first Monday after Christmas of each calendar year, the book value of Eligible Credit Card Receivables of Borrower and the Subsidiary Guarantors multiplied by the advance rate of 80%, minus 

(e) the Hedging Reserve, minus 

(f) effective immediately upon notification thereof to Borrower by the Collateral Agent, any Reserves established from
time to time by the Collateral Agent in the exercise of its reasonable credit judgment; provided that the failure to provide such notice shall not affect the application of such Reserves; minus 

(g) $9.0 million (except that such amount shall be $6.0 million in fiscal months October and November); 

The Borrowing Base at any time shall be determined by reference to the most recent Borrowing Base Certificate theretofore delivered to
the Collateral Agent and the Administrative Agent with such adjustments as Administrative Agent and Collateral Agent deem appropriate in their collective reasonable credit judgment to assure that the Borrowing Base is calculated in accordance with
the terms of this Agreement. 
 “Borrowing Base Certificate” shall mean an Officer’s Certificate from
Borrower, substantially in the form of, and containing the information prescribed by, Exhibit N, delivered to the Administrative Agent and the Collateral Agent and setting forth the calculation of the Borrowing Base with respect to the
Borrower and all Subsidiary Guarantors. 
 “Borrowing Request” shall mean a request by Borrower in accordance
with the terms of Section 2.03 and substantially in the form of Exhibit C, or such other form as shall be approved by the Administrative Agent. 

“Breakage Prepayment Account” shall have the meaning assigned to such term in Section 2.10(j). 

 

 5 

 “Business Day” shall mean any day other than a Saturday, Sunday or other
day on which banks in New York City are authorized or required by law to close; provided, however, that when used in connection with a Eurodollar Loan, the term “Business Day” shall also exclude any day on which banks are not
open for dealings in Dollar deposits in the London interbank market. 
 “Capital Expenditures” shall mean, with
respect to any Person, for any period, the aggregate amount of all expenditures by such Person and its Subsidiaries during that period for fixed or capital assets that, in accordance with GAAP, are or should be classified as capital expenditures in
the consolidated balance sheet of such Person and its Consolidated Subsidiaries, including, without limitation, expenditures made for and in connection with any acquisition of any Person the primary purpose of which is to acquire fixed or capital
assets of such Person (to the extent of the purchase price attributed to such fixed or capital assets), but excluding any portion of such expenditures attributable solely to acquisitions of fixed or capital assets pursuant to any other Permitted
Acquisition. 
 “Capital Lease Obligations” of any Person shall mean the obligations of such Person to pay rent
or other amounts under any lease of (or other arrangement conveying the right to use) Property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under
GAAP, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP. 

“Cash Collateral Account” shall have the meaning assigned to such term in Section 9.04. 

“Cash Dominion Trigger Event” shall mean the occurrence of any one of the following events:
(i) the aggregate outstanding principal balance of the Revolving Loans shall exceed $0 on the first Business Day after
December 25th of any calendar year or (ii) an
Event of Default shall occur and be continuing; provided that, to the extent that the Cash Dominion Trigger Event has occurred due to clause (i) of this definition, if Excess Availability shall be equal to or greater than $30.0
million at the end of the period specified in Section 2.10(i), the Cash Dominion Trigger Event shall be deemed to be over. At any time that a Cash Dominion Trigger Event shall be deemed to be over or otherwise cease to exist, the Agents
shall take such actions, including delivering such notices and directions to depositary institutions at which Blocked Accounts are established, to terminate the cash sweeps and other transfers existing pursuant to Section 9.01(e) as a
result of any Activation Notice or other notices or directions given by any Agent during the existence of such Cash Dominion Trigger Event. 

“Cash Equivalents” shall mean, as to any Person: (a) securities issued, or directly, unconditionally and fully
guaranteed or insured, by the United States or any agency or instrumentality thereof (provided that the full faith and credit of the United States is pledged in support thereof) having maturities of not more than one year from the date of
acquisition by such Person; (b) securities issued, or directly, unconditionally and fully guaranteed or insured, by any state of the United States of America or any political subdivision of any such state or any public instrumentality thereof
maturing within one year from the date of acquisition thereof and, at the time of acquisition, having one of the two highest ratings obtainable from either Standard & Poor’s Ratings Group or Moody’s Investors Services, Inc.;
(c) time deposits and certificates of deposit or bankers’ acceptances of any Lender or any commercial bank having, or which is the 

 

 6 

 
principal banking subsidiary of a bank holding company organized under the laws of the United States, any state thereof or the District of Columbia having, capital and surplus aggregating in
excess of $500.0 million and a rating of “A” (or such other similar equivalent rating) or higher by at least one nationally recognized statistical rating organization (as defined in Rule 436 under the Securities Act) with maturities of not
more than one year from the date of acquisition by such Person; (d) repurchase obligations with a term of not more than 30 days for underlying securities of the types described in clause (a) or (b) above entered into
with any bank meeting the qualifications specified in clause (c) above, which repurchase obligations are secured by a valid perfected security interest in the underlying securities; (e) commercial paper issued by any Person
incorporated in the United States rated at least A-1 or the equivalent thereof by Standard & Poor’s Rating Service or at least P-1 or the equivalent thereof by Moody’s Investors Service, Inc., and in each case maturing not more
than one year after the date of acquisition by such Person; (f) investments in money market funds substantially all of whose assets are comprised of securities of the types described in clauses (a) through (e) above; and
(g) demand deposit accounts maintained in the ordinary course of business. 
 “Casualty Event” shall mean,
with respect to any Property (including Real Property) of any Person, any loss of title with respect to such Property or any loss of or damage to or destruction of, or any condemnation or other taking (including by any Governmental Authority) of,
such Property for which such Person or any of its Subsidiaries receives insurance proceeds or proceeds of a condemnation award or other compensation. “Casualty Event” shall include but not be limited to any taking of all or any part of any
Real Property of any Person or any part thereof, in or by condemnation or other eminent domain proceedings pursuant to any law, or by reason of the temporary requisition of the use or occupancy of all or any part of any Real Property of any Person
or any part thereof by any Governmental Authority, civil or military. 
 “CERCLA” shall mean the Comprehensive
Environmental Response, Compensation, and Liability Act of 1980, as amended, 42 U.S.C. § 9601 et seq. 
 A
“Change in Control” shall be deemed to have occurred if: (a) Holdings at any time ceases to own 100% of the capital stock of Borrower; (b) at any time a change of control occurs under and as defined in any documentation
relating to any Material Indebtedness; (c) prior to an IPO, (i) the Permitted Holders cease to own, or to have the power to vote or direct the voting of, Voting Stock representing a majority of the voting power of the total outstanding
Voting Stock of Holdings or (ii) the Permitted Holders cease to own Equity Interests representing a majority of the total economic interests of the Equity Interests of Holdings; (d) following an IPO, (i) the Permitted Holders shall
fail to own, or to have the power to vote or direct the voting of, Voting Stock representing more than 35% of the voting power of the total outstanding Voting Stock of Holdings, (ii) the Permitted Holders cease to own Equity Interests
representing more than 35% of the total economic interests of the Equity Interests of Holdings or (iii) any “Person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act), other than one or more
Permitted Holders, is or becomes the beneficial owner (as defined in Rules 13d-3 and 13d-5 under the Exchange Act, except that for purposes of this clause such Person or group shall be deemed to have “beneficial ownership” of all
securities that any such Person or group has the right to acquire, whether such right is exercisable immediately or only after the passage of time), directly or indirectly, of Voting Stock representing more than 25% of the voting power of the total
outstanding Voting Stock of Holdings; or (e) following an IPO, during any period of two 
  

 7 

 
consecutive years, individuals who at the beginning of such period constituted the Board of Directors of Holdings (together with any new directors whose election to such Board of Directors or
whose nomination for election was approved by a vote of 51% of the directors of Holdings then still in office who were either directors at the beginning of such period or whose election or nomination for election was previously so approved) cease
for any reason to constitute a majority of the Board of Directors of Holdings. 
 “Change in Law” shall mean
(a) the adoption of any law, treaty, order, rule or regulation after the date of this Agreement, (b) any change in any law, treaty, order, rule or regulation or in the interpretation or application thereof by any Governmental Authority
after the date of this Agreement or (c) compliance by any Lender or Issuing Bank (or for purposes of Section 2.12(b), by any lending office of such Lender or by such Lender’s or Issuing Bank’s holding company, if any) with
any request, guideline or directive (whether or not having the force of law) of any Governmental Authority made or issued after the date of this Agreement. 

“Charges” shall have the meaning assigned to such term in Section 11.13. 

“Chattel Paper” shall mean all “chattel paper,” as such term is defined in the UCC as in effect on the date
hereof in the State of New York, in which any Person now or hereafter has rights. 
 “Class”, when used in
reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are Revolving Loans or Swingline Loans and, when used in reference to any Commitment, refers to whether such Commitment is a Revolving
Commitment, Swingline Commitment or LC Commitment. 
 “Closing Date” shall mean March 20, 2006.

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

“Collateral” shall mean, collectively, all of the Security Agreement Collateral, the Mortgaged Real Property and all
other Property of whatever kind and nature pledged as collateral under any Security Document. 
 “Collateral
Agent” shall have the meaning assigned to such term in the preamble hereto and includes each other Person appointed as a successor Collateral Agent pursuant to Article X. 

“Collateral Agent Fee” shall have the meaning ascribed to such term in Section 2.05(b)(ii). 

“Collection Account” shall have the meaning assigned to such term in Section 9.01(e). 

“Commercial Letter of Credit” shall mean any letter of credit or similar instrument issued for the account of the
Borrower for the benefit of Borrower, any Subsidiary Guarantor or any of their respective Subsidiaries, for the purpose of providing the primary payment mechanism in connection with the purchase of materials, goods or services by Borrower, any
Subsidiary Guarantor or any of their respective Subsidiaries in the ordinary course of their businesses. 
  

 8 

 “Commitment” shall mean, with respect to any Lender, such Lender’s
Revolving Commitment, LC Commitment or Swingline Commitment. 
 “Commitment Fee” shall have the meaning
assigned to such term in Section 2.05(a). 
 “Commitments” shall mean the aggregate sum of each
Lender’s Commitment. 
 “Companies” shall mean Holdings and its Subsidiaries; and
“Company” shall mean any one of them. 
 “Compliance Certificate” shall mean a certificate of
a Financial Officer substantially in the form of Exhibit A-2. 
 “Concentration Account” shall have the
meaning assigned to such term in Section 9.01(e). 
 “Consolidated Companies” shall mean Holdings
and its Consolidated Subsidiaries. 
 “Consolidated Current Assets” shall mean, with respect to any Person as
at any date of determination, the total assets of such Person and its Consolidated Subsidiaries which may properly be classified as current assets on a consolidated balance sheet of such Person and its Consolidated Subsidiaries in accordance with
GAAP. 
 “Consolidated Current Liabilities” shall mean, with respect to any Person as at any date of
determination, the total liabilities of such Person and its Consolidated Subsidiaries which may properly be classified as current liabilities (other than the current portion of any Loans) on a consolidated balance sheet of such Person and its
Consolidated Subsidiaries in accordance with GAAP. 
 “Consolidated EBITDA” shall mean, for any applicable
measurement period, Consolidated Net Income for such period, as adjusted by adding thereto to the extent deducted in calculating Consolidated Net Income during such measurement period, without duplication, (a) any provision for (or less any
benefit from) income and franchise taxes, (b) the amount of Consolidated Interest Expense, (c) amortization and depreciation, (d) losses (or less gains) from Asset Sales (excluding sales expenses or losses related to current assets),
(e) non-recurring charges and expenses in an amount, when combined with any such charges relating to any prior measurement period, not to exceed $2.0 million in the aggregate, (f) the amount of severance paid by Borrower and Subsidiary
Guarantors during fiscal years 2006, 2007 and 2008 in an aggregate amount not exceed $5 million, (g) the amount of expenses associated with the closing of retail stores of Borrower or any of its Subsidiaries in an amount not to exceed $1.5
million in the aggregate in any fiscal year, (h) non-cash charges (or less gains) relating to the marked to market provision for, the termination of, or terminated, Hedging Agreements, (i) an amount representing the write down of or yield
impairment in respect of roses Inventory of the Companies in fiscal year 2006 (which when combined with such amount for fiscal year 2005 shall not exceed $926,000), (j) any amount paid to Wasserstein & Co., LP pursuant to the
Management Services Agreement, (k) to the extent not adjusted for pursuant to clause (e) in the definition of “Consolidated Net Income”, the amount of the increase in non-cash rent expense (not to exceed $994,000 in the
aggregate) arising as a result of the Borrower’s change in 
  

 9 

 
accounting treatment relating to the loss of deferred straight-line rental benefit, (l) non-cash expenses arising in connection with the grant of stock options (not to exceed $800,000 in any
fiscal year), (m) to the extent not adjusted for pursuant to clause (f) of the definition of “Consolidated Net Income”, non-cash purchase accounting adjustments related to inventory step-ups and write-ups of valuations of
leasehold improvements (not to exceed $1,126,000 in the aggregate for all such adjustments made after February 2005), (n) accounting fees incurred in connection with the change of the Borrower’s fiscal year, the issuance of the Senior
Notes and the initial public offering of the Borrower’s common stock in an aggregate amount not to exceed $751,000, (o) non-cash accruals of expenses related to Borrower’s “Liquidity Event Award” implemented by Borrower in
February 2005, (p) other additional non-cash expenses arising in connection with the grant of stock options which constitute so called “cheap stock” expenses, (q) any Management Services Termination Fee paid during such period
and (r) expenses incurred in fiscal year 2006 in connection with the preparation of an initial public offering (whether or not consummated) of the Borrower’s common stock in an aggregate amount not to exceed $2,200,000. 

“Consolidated Fixed Charge Coverage Ratio” shall mean, for any Test Period, the ratio of (a) Consolidated EBITDA
for such Test Period to (b) Consolidated Fixed Charges for such Test Period. 
 “Consolidated Fixed
Charges” shall mean, for any period, the sum, without duplication, of (a) Consolidated Interest Expense for such period; (b) the amount of all Capital Expenditures made by Holdings and its Subsidiaries during such period;
(c) all cash payments in respect of income taxes made during such period (net of any cash refund in respect of income taxes actually received during such period); (d) the scheduled principal amount of all amortization payments on all
Indebtedness (including the principal component of all Capital Lease Obligations) of Holdings and its Subsidiaries for such period (as determined on the first day of the respective period); (e) the product of (i) all dividend payments on
any series of Disqualified Capital Stock of Holdings during such period multiplied by (ii) a fraction, the numerator of which is one and the denominator of which is one minus the then current combined federal, state and
local statutory tax rate of Holdings, expressed as a decimal; (f) the product of (i) all cash dividend payments on any Preferred Stock (other than Disqualified Capital Stock) of Holdings during such period, multiplied by
(ii) a fraction, the numerator of which is one and the denominator of which is one minus the then current combined federal, state and local statutory tax rate of Holdings, expressed as a decimal and (g) if and when the amounts
described in clauses (o) and (p) of the definition of “Consolidated EBITDA” are subsequently paid in cash, the amount of such payments. 

“Consolidated Indebtedness” shall mean, as at any date of determination, without duplication, the aggregate amount of
all Indebtedness (but including in any event the then outstanding principal amount of all Loans, all Capital Lease Obligations and all LC Exposure) of Holdings and its Consolidated Subsidiaries on a consolidated basis as determined in accordance
with GAAP. 
 “Consolidated Interest Expense” shall mean, for any period, without duplication, the total
consolidated interest expense of Holdings and its Consolidated Subsidiaries for such period (calculated without regard to any limitations on the payment thereof and including, capitalized 

 

 10 

 
interest, commitment fees, letter of credit fees and net amounts payable under Interest Rate Protection Agreements, but excluding any interest paid in kind) determined in accordance with GAAP
plus, without duplication, (a) the portion of Capital Lease Obligations of Holdings and its Consolidated Subsidiaries representing the interest factor for such period, (b) imputed interest on Attributable Indebtedness, (c) cash
contributions to any employee stock ownership plan or similar trust to the extent such contributions are used by such plan or trust to pay interest or fees to any Person (other than Holdings or a Wholly Owned Subsidiary) in connection with
Indebtedness incurred by such plan or trust, (d) the product of (i) all dividend payments on any series of any Preferred Stock of any Subsidiary of Holdings (other than any Preferred Stock held by Holdings or a Wholly Owned Subsidiary),
multiplied by (ii) a fraction, the numerator of which is one and the denominator of which is one minus the then current combined federal, state and local statutory tax rate of Holdings and its Subsidiaries, expressed as a
decimal, and (e) all interest on any Indebtedness of the type described in clause (e) or (j) of the definition of “Indebtedness” with respect to Holdings or any of its Subsidiaries. Notwithstanding the
foregoing, for any period, Consolidated Interest Expense shall be calculated without regard to (i) amortization of the financing fees incurred in connection with the Refinancing of the Existing Credit Agreement pursuant to the terms hereto and
(ii) prepayment premiums incurred in connection with, and the write-off of financing fees in connection with, the Refinancing and the prepayment or redemption of the Senior Fixed Rate Notes or the Senior Floating Rate Notes to the extent such
repayment or redemption is permitted pursuant to Section 6.09(ii)(B). 
 “Consolidated Net Income”
shall mean, for any period, the consolidated net income of Holdings and its Consolidated Subsidiaries determined in accordance with GAAP, but excluding in any event (a) after-tax extraordinary gains or extraordinary losses; (b) after-tax
gains or losses realized from (i) the acquisition of any securities, or the extinguishment or conversion of any Indebtedness or Equity Interest, of Holdings or any of its Subsidiaries or (ii) any sales of assets (other than Inventory in
the ordinary course of business); (c) net earnings or losses of any other Person (other than a Subsidiary of Holdings) in which Holdings or any Consolidated Subsidiary has an ownership interest, except (in the case of any such net earnings) to
the extent such net earnings shall have actually been received by Holdings or such Consolidated Subsidiary (subject to the limitation in clause (d) below) in the form of cash dividends or distributions; (d) the net income of any
Consolidated Subsidiary to the extent that the declaration or payment of dividends or similar distributions by such Consolidated Subsidiary of its net income is not at the time of determination permitted without approval under applicable law or
regulation or under such Consolidated Subsidiary’s organizational documents or any agreement or instrument applicable to such Consolidated Subsidiary or its stockholders which approval has not been obtained; (e) gains or losses from the
cumulative effect of any change in accounting principles; (f) earnings resulting from any reappraisal, revaluation or write-up of assets; and (g) the income (or loss) of any Person accrued prior to the date it becomes a Subsidiary of
Holdings or any Consolidated Subsidiary or is merged into or consolidated with Holdings or any Consolidated Subsidiary or that Person’s assets are acquired by Holdings or such Consolidated Subsidiary. 

“Consolidated Subsidiary” shall mean, as to any Person, all Subsidiaries of such Person which are consolidated with such
Person for financial reporting purposes in accordance with GAAP. 
  

 11 

 “Contested Collateral Lien Conditions” shall mean, with respect to any
Permitted Lien of the type described in paragraphs (a) and (f) of Section 6.02, the following conditions: 

(a) Loan Party shall be contesting such Lien in good faith; 

(b) to the extent such Lien is in an amount in excess of $250,000, in the aggregate with all other such Liens, the
Collateral Agent shall have, at the election of the Borrower, either (i) established a Reserve (to the extent of such Lien on Eligible Accounts, Eligible Inventory, Eligible Equipment or Eligible Real Property) with respect thereto and the
Administrative Agent shall endeavor to provide the Borrower with no less than two (2) Business Days prior notice of the amount of any such Reserve or (ii) obtained a bond in an amount sufficient to pay and discharge such Lien and the
Administrative Agent’s reasonable estimate of all interest and penalties related thereto; provided that the failure to provide such notice shall not affect the application of such Reserve; and 

(c) such Lien shall in all respects be subject and subordinate in priority to the Lien and security interest created and
evidenced by the Security Documents, except if and to the extent that the law or regulation creating, permitting or authorizing such Lien provides that such Lien is or must be superior to the Lien and security interest created and evidenced by the
Security Documents. 
 “Contingent Obligation” shall mean, as to any Person, any obligation, agreement,
understanding or arrangement of such Person guaranteeing or intended to guarantee any Indebtedness, leases, dividends or other obligations (“primary obligations”) of any other Person (the “primary obligor”) in any
manner, whether directly or indirectly, including, without limitation, any obligation of such Person, whether or not contingent, (a) to purchase any such primary obligation or any Property constituting direct or indirect security therefor;
(b) to advance or supply funds (i) for the purchase or payment of any such primary obligation or (ii) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the
primary obligor; (c) to purchase Property, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation;
(d) guaranteeing bankers’ acceptances and letters of credit, until a reimbursement obligation arises; or (e) otherwise to assure or hold harmless the holder of such primary obligation against loss in respect thereof; provided,
however, that the term “Contingent Obligation” shall not include endorsements of instruments for deposit or collection in the ordinary course of business or any product warranties provided in the ordinary course of business. The
amount of any Contingent Obligation shall be deemed to be an amount equal to the stated or determinable amount of the primary obligation in respect of which such Contingent Obligation is made (or, if less, the maximum amount of such primary
obligation for which such Person may be liable, whether severally or jointly, pursuant to the terms of the instrument evidencing such Contingent Obligation) or, if not stated or determinable, the maximum reasonably anticipated liability in respect
thereof (assuming such Person is required to perform thereunder) as determined by such Person in good faith. 

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

 

 12 

 “Control Agreement” shall have the meaning assigned to such term in the
Security Agreement. 
 “Cost” shall mean, as determined by the Collateral Agent in good faith, with respect to
Inventory, the lower of (a) landed cost computed on first-in a first-out basis in accordance with GAAP or (b) market value; provided that, for purposes of the calculation of the Borrowing Base, (i) the Cost of the Inventory
shall not include: (A) the portion of the cost of Inventory equal to the profit earned by any Affiliate on the sale thereof to Borrower or the Subsidiary Guarantors or (B) write-ups or write-downs in cost with respect to currency exchange
rates, and (ii) notwithstanding anything to the contrary contained herein, the cost of the Inventory shall be computed in the same manner and consistent with the most recent Inventory Appraisal which has been approved by Collateral Agent in its
reasonable credit judgment. 
 “Credit Card Receivables” means amounts due to any Loan Party from any major
credit card company acceptable to the Collateral Agent in its reasonable credit judgment, and subject to such terms and conditions as may be acceptable to the Collateral Agent in its reasonable credit judgment. 

“Credit Card Receivables Control Agreement” means an agreement in form and substance reasonably satisfactory to the
Collateral Agent among the Collateral Agent, Borrower or a Subsidiary Guarantor to which any Credit Card Receivable is owing, and the credit card company obligated on such Credit Card Receivable, which agreement provides, among other things, that
(a) such credit card company shall comply with instructions originated by the Collateral Agent directing the payment of such Credit Card Receivables and (b) such credit card company shall agree that it shall have no Lien on, or right of
setoff against, such Credit Card Receivable other than as may be reasonably acceptable to the Collateral Agent. 

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

 “Debt Issuance” shall mean the incurrence by Holdings, Borrower or any of their Subsidiaries of any
Indebtedness after the Closing Date (other than as permitted by Section 6.01). 
 “Default” shall
mean any event, occurrence or condition which is, or upon notice, lapse of time or both would constitute, an Event of Default. 

“Default Allocation Percentage” as to any Lender shall mean the quotient (determined as a percentage) determined as of
the date of an Event of Default, whose numerator equals the principal, interest, fees and other Obligations owing to such Lender (including all advances made by such Lender following such Event of Default) plus, without duplication, the
amount of such Lender’s (and such Lender’s Affiliate’s) marked-to-market exposure under Hedging Agreements as of such date and all obligations in respect of overdrafts and related liabilities owed to such

  

 13 

 
Lender (and such Lender’s Affiliates) arising from treasury, depositary and cash management services, or in connection with any automated clearinghouse transfers of funds (subject in each
case to the limitations on such obligations set forth in the definition of “Obligations”) and whose denominator equals the principal, interest, fees and other Obligations owing to all Lenders (including all advances made by the Lenders
following such Event of Default) plus, without duplication, the amount of all Lenders’ (and such Lenders’ Affiliates) marked-to-market exposure under Hedging Agreements as of such date and all obligations in respect of overdrafts and
related liabilities owed to such Lenders (and such Lenders’ Affiliates) arising from treasury, depositary and cash management services, or in connection with any automated clearinghouse transfers of funds (subject in each case to the
limitations on such obligations set forth in the definition of “Obligations”). 
 “Defaulting Lender”
shall mean any Lender, as determined by the Administrative Agent, that (a) has failed to fund any portion of its Loans or participations in Letters of Credit or Swingline Loans required to be funded by it hereunder within one Business Day of
the date required to be funded by it hereunder, (b) has notified the Administrative Agent, the Issuing Bank, the Swingline Lender, any Lender and/or Borrower in writing that it does not intend to comply with any of its funding obligations under
this Agreement or has made a public statement to the effect that it does not intend to comply with its funding obligations under this Agreement or generally under other agreements in which it commits to extend credit (provided,
however, solely for purposes of limitations on the exercise of voting rights hereunder, but not for any other purposes hereunder, GMAC Commercial Finance LLC shall not be deemed to be a Defaulting Lender under this clause
(b) unless it has notified the Administrative Agent, the Issuing Bank, the Swingline Lender, any Lender and/or Borrower in writing that it does not intend to comply with any of its funding obligations under this Agreement (or all agreements
under which it commits to extend credit) or has made a public statement to the effect that it does not intend to comply with its funding obligations under this Agreement, regardless of whether it has otherwise made a public statement to the effect
that it does not intend to comply with its funding obligations generally under other agreements in which it commits to extend credit), (c) has failed, within three Business Days after request by the Administrative Agent, to confirm that it will
comply with the terms of this Agreement relating to its obligations to fund prospective Loans and participations in then outstanding Letters of Credit and Swingline Loans, (d) has otherwise failed to pay over to the Administrative Agent or any
other Lender any other amount required to be paid by it hereunder within three Business Days of the date when due, unless the subject of a good faith dispute, or (e) in the case of a Lender that has a Commitment, LC Exposure or Swingline
Exposure outstanding at such time, shall take, or (other than in the case of GMAC Commercial Finance LLC) is the Subsidiary of any person that has taken, any action or be (or is) the subject of any action or proceeding of a type described in
Section 8.01(g) or (h) (or any comparable proceeding initiated by a regulatory authority having jurisdiction over such Lender or such person). 

“Deposit Account Control Agreement” shall have the meaning assigned to such term in the Security Agreement. 

“Disqualified Capital Stock” shall mean any Equity Interest which, by its terms (or by the terms of any security into
which it is convertible or for which it is exchangeable), or upon the happening of any event, (a) matures (excluding any maturity as the result of an optional 

 

 14 

 
redemption by the issuer thereof) or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or is redeemable at the option of the holder thereof, in whole or in part, on
or prior to the first anniversary of the Final Maturity Date, (b) is convertible into or exchangeable (unless at the sole option of the issuer thereof) for (i) debt securities or (ii) any Equity Interests referred to in
(a) above, in each case at any time prior to the first anniversary of the Final Maturity Date, or (c) contains any repurchase obligation which may come into effect prior to payment in full of all Obligations. 

“Dividend” with respect to any Person shall mean that such Person has declared or paid a dividend or returned any equity
capital to its equityholders or authorized or made any other distribution, payment or delivery of Property (other than Equity Interests or warrants or options having customary terms to acquire common stock or other Equity Interests of such Person)
or cash to its equityholders as such, or redeemed, retired, purchased or otherwise acquired, directly or indirectly, for a consideration any shares of any class of its Equity Interests outstanding (or any options or warrants issued by such Person
with respect to its capital stock), or set aside any funds for any of the foregoing purposes, or shall have permitted any of its Subsidiaries to purchase or otherwise acquire for a consideration any shares of any class of the Equity Interests of
such Person outstanding (or any options or warrants issued by such Person with respect to its Equity Interests). Without limiting the foregoing, “Dividends” with respect to any Person shall also include all payments made or required to be
made by such Person with respect to any stock appreciation rights, plans, equity incentive or achievement plans or any similar plans or setting aside of any funds for the foregoing purposes. 

“Documents” shall mean all “documents,” as such term is defined in the UCC as in effect on the date hereof in
the State of New York, in which any Person now or hereafter has rights. 
 “Dollars” and “$”
shall mean lawful money of the United States. 
 “Eligible Accounts” shall have the meaning assigned to such
term in Section 2.19(a). 
 “Eligible Credit Card Receivables” shall means all Credit Card
Receivables other than any of the following: (i) any Credit Card Receivable in which the Collateral Agent, on behalf of the Secured Parties, does not have a first priority and perfected Lien subject to Permitted Liens described in Sections
6.02(a), (b), and (e); (ii) any Credit Card Receivable with respect to which a Credit Card Receivables Control Agreement is not in full force and effect; (iii) any Credit Card Receivable that is not owned by Borrower or a
Subsidiary Guarantor; (iv) any Credit Card Receivable that is payable in any currency other than Dollars; (v) any Credit Card Receivable that does not comply in all material respects with all applicable legal requirements, including,
without limitation, all laws, rules, regulations and orders of any Governmental Authority; (vi) any Credit Card Receivable (A) upon which Borrower’s or a Subsidiary Guarantor’s, as applicable, right to receive payment is not
absolute or is contingent upon the fulfillment of any condition whatsoever unless such condition is satisfied or (B) as to which Borrower or a Subsidiary Guarantor, as applicable, is not able to bring suit or otherwise enforce its remedies
against the obligor on such Credit Card Receivable through judicial or administrative proceeding; (vii) to the extent that any defense, counterclaim, chargeback, setoff or dispute is asserted as to such Credit Card Receivable, it being
understood that the remaining balance of the 
  

 15 

 
Credit Card Receivable shall be eligible; (viii) any Credit Card Receivable that is in default; provided that, without limiting the generality of the foregoing, a Credit Card
Receivable shall be deemed in default upon the occurrence of any of the following: (A) the Person obligated upon such Credit Card Receivable suspends business, makes a general assignment for the benefit of creditors or fails to pay its debts
generally as they come due; or (B) a petition is filed by or against any Person obligated upon such Credit Card Receivable under any bankruptcy law or any other federal, state or foreign (including any provincial) receivership, insolvency
relief or other law or laws for the relief of debtors; and (ix) any Credit Card Receivable as to which any of the representations or warranties in the Loan Documents are untrue in any material respect (without duplication of any materiality
qualifier contained therein). 
 “Eligible Equipment” shall mean any Equipment owned by Borrower or a
Subsidiary Guarantor which is acceptable to Collateral Agent in its reasonable credit judgment for lending purposes and which, without limiting Collateral Agent’s discretion, meets, and so long as it continues to meet, the following
requirements: 
 (a) is located at one of the business locations in the United States of such Persons set forth
on Schedule 1.01(d) (except that Equipment used in the Companies’ “outside pack” operations with a fair market value not to exceed $500,000 in the aggregate may be located at locations other than those set forth on
Schedule 1.01(d)), 
 (b) is subject to a valid and perfected first priority lien in favor of
Collateral Agent subject to the Liens permitted under Sections 6.02(a), (b) and (e), 

(c) is owned by Borrower or Subsidiary Guarantor free and clear of all liens and rights of any other Person, except the
valid and perfected first priority Lien in favor of Collateral Agent and Permitted Liens, if any, which are subordinated to the Lien of Collateral Agent or are described in paragraph (b) above, 

(d) does not breach any of the representations or warranties pertaining to such Equipment set forth in this Agreement or
the other Loan Documents in any material respect (without duplication of any materiality qualifier contained therein), 

(e) is covered by insurance reasonably acceptable to Collateral Agent, 

(f) is appraised by an independent appraisal or audit firm designated by Collateral Agent and reasonably acceptable to
Borrower, and 
 (g) is not ineligible by virtue of one or more of the criteria set forth below; provided,
however, that such criteria may be revised from time to time by Collateral Agent in its reasonable credit judgment to address the results of any audit or appraisal performed by Collateral Agent from time to time after the date hereof.

 An item of Equipment shall be excluded from Eligible Equipment if: 

(i) Borrower or Subsidiary Guarantor does not have good, valid, and saleable title thereto; 

 

 16 

 (ii) except as provided in clause (a) above, or otherwise agreed
to by the Collateral Agent, it is located on Real Property leased by Borrower or a Subsidiary Guarantor, unless it is subject to a Landlord Lien Waiver and Access Agreement executed by the lessor, or other third party, as the case may be, and unless
it is segregated or otherwise separately identifiable from goods of other Persons, if any, stored on such leased premises; 

(iii) it is damaged, defective or obsolete, or it constitutes furnishings or parts or fixtures affixed to Real Property,
unless such Equipment is affixed to the Mortgaged Real Property listed on Schedule 1.01(d); 
 (iv)
Collateral Agent has not received evidence of the property or casualty insurance required by this Agreement with respect to such Equipment; 

(v) it is subject to a lease with any Person (other than Borrower or a Subsidiary Guarantor, unless a Lien on and security
interest in the related lease shall be granted to the Collateral Agent and Collateral Agent shall have received all control agreements and instruments and all actions shall be taken as reasonably requested by the Collateral Agent to perfect the
Collateral Agent’s security interest in such lease); or 
 (vi) it is located at an owned location subject
to a mortgage in favor of a lender other than the Collateral Agent (unless a reasonably satisfactory mortgagee waiver has been delivered to the Collateral Agent) or the removal of which is subject to restrictions relating to financing arrangement,
including any industrial revenue bond financing. 
 “Eligible Inventory” shall mean, subject to adjustment as
set forth in Section 2.19(b), items of Inventory of the Borrower and the Subsidiary Guarantors. 
 “Eligible
Real Property” shall mean the Real Properties which (a) are set forth on Schedule 1.01(c), or (b) are owned by Borrower or a Subsidiary Guarantor and designated from time to time by the Collateral Agent as being Eligible
Real Property, provided that with respect to each such parcel of Eligible Real Property, each of the material improvements thereon is acceptable to the Collateral Agent in its reasonable credit judgment for lending purposes and each of which,
without limiting such reasonable credit judgment, meets, or continues to meet, the following requirements: (i) it is subject to a first priority mortgage or leasehold mortgage and lien in favor of Collateral Agent, (ii) it is owned by the
Borrower or the applicable Subsidiary Guarantor free and clear of all liens and rights of any other Person, except the mortgage or leasehold mortgage and lien in favor of Collateral Agent and Permitted Liens permitted under Sections 6.02(a),
(b), (d), (e), (g), (p), (r) and (v), (iii) it does not breach any of the representations or warranties pertaining to such property set forth in this Agreement or any other Loan Documents in
any material respect (without duplication of any materiality qualifier contained therein), (iv) it is covered by title insurance with respect to the Lien of Collateral Agent and casualty and property insurance reasonably acceptable to the
Collateral Agent, (v) it is appraised by an independent appraisal or audit firm designated by Collateral Agent and reasonably acceptable to Borrower and (vi) it is the subject of an environmental report reasonably requested by, and
reasonably acceptable to, the Collateral Agent. 
  

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 “Embargoed Person” shall have the meaning assigned to such term in
Section 6.20. 
 “Environment” shall mean ambient air, surface water and groundwater (including,
without limitation, potable water, navigable water and wetlands), the land surface or subsurface strata, natural resources, the workplace or as such term is otherwise defined in any Environmental Law. 

“Environmental Claim” shall mean any claim, notice, demand, order, action, suit, proceeding or other communication in
each case alleging liability for investigation, remediation, removal, cleanup, response, corrective action, damages to natural resources, personal injury, Property damage, fines, penalties or other costs resulting from, related to or arising out of
(i) the presence, Release or threatened Release in or into the Environment of Hazardous Material at any location or (ii) any violation of Environmental Law, and shall include, without limitation, any claim seeking damages, contribution,
indemnification, cost recovery, compensation or injunctive relief resulting from, related to or arising out of the presence, Release or threatened Release of Hazardous Materials or alleged injury or threat of injury to health, safety, or the
Environment. 
 “Environmental Law” shall mean any and all applicable present and future treaties, laws,
statutes, ordinances, regulations, rules, decrees, orders, judgments, consent orders, consent decrees or other binding requirements, and the common law, relating to protection of public health or the Environment, the Release or threatened Release of
Hazardous Materials, natural resources or natural resource damages, or occupational safety or health. 
 “Environmental
Liabilities” shall mean, all liabilities, obligations, responsibilities, Responses, losses, damages, costs and expenses, fines, penalties, sanctions arising under any Environmental Law, Environmental Permit, order or agreement with any
Governmental Authority relating to any Release or threatened Release and resulting from the operation of the Companies. 

“Environmental Permit” shall mean any permit, license, approval, consent or other authorization required by or from a
Governmental Authority under Environmental Law. 
 “Equipment” shall have the meaning assigned such term in the
Security Agreement. 
 “Equity Interest” shall mean, with respect to any Person, any and all shares, interests,
participations or other equivalents, including membership interests (however designated, whether voting or non-voting), of equity of such Person, including, if such Person is a partnership, partnership interests (whether general or limited) and 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, such partnership, whether outstanding on the date hereof or issued after the Closing Date, but
excluding debt securities convertible or exchangeable into such equity. 
 “Equity Issuance” shall mean,
without duplication, any issuance or sale by Holdings or Borrower (other than to Holdings) after the Closing Date of (a) any Equity Interests (including any Equity Interests issued upon exercise of any warrant or option) or any warrants or
options to purchase Equity Interests or (b) any other security or instrument representing an Equity Interest (or the right to obtain any Equity Interest) in the issuing or selling Person. 

 

 18 

 “ERISA” shall mean the Employee Retirement Income Security Act of 1974, as
the same may be amended from time to time. 
 “ERISA Affiliate” shall mean any trade or business (whether or
not incorporated) that, together with Borrower, is treated as a single employer under Section 414(b) or (c) of the Code, or solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a single employer
under Section 414 of the Code. 
 “ERISA Event” shall mean (a) any “reportable
event,” as such term is defined in Section 4043(c) of ERISA or the regulations issued thereunder, with respect to a Plan (other than an event for which the 30-day notice period is waived by regulation); (b) the failure to make by its
due date a required installment under Section 430(j) of the Code with respect to any Plan or the failure to make any required contribution to a Multiemployer Plan; (c) the filing pursuant to Section 412(c) of the Code or
Section 302(c) of ERISA of an application for a waiver of the minimum funding standard with respect to any Plan; (d) the incurrence by any Company or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to the
termination of any Plan; (e) the receipt by any Company or any of its ERISA Affiliates from the PBGC or a plan administrator of any notice relating to the intention to terminate any Plan or Plans or to appoint a trustee to administer any Plan,
or the occurrence of any event or condition which could reasonably be expected to constitute grounds under ERISA for the termination of, or the appointment of a trustee to administer, any Plan; (f) the incurrence by any Company or any of its
ERISA Affiliates of any liability with respect to the withdrawal from any Plan or Multiemployer Plan; (g) the receipt by any Company or its ERISA Affiliates of any notice, concerning the imposition of Withdrawal Liability or a determination
that a Multiemployer Plan is, or is expected to be, insolvent or in reorganization, within the meaning of Title IV of ERISA or is in critical or endangered status under Section 432 of the Code or Section 305 of ERISA; (h) the making
of any amendment to any Plan which could result in the imposition of a lien or the posting of a bond or other security; and (i) the occurrence of a nonexempt prohibited transaction (within the meaning of Section 4975 of the Code or
Section 406 of ERISA) which could result in liability to any Company. 
 “Eurodollar Borrowing”
shall mean a Borrowing comprised of Eurodollar Loans. 
 “Eurodollar Loan” shall mean any Revolving Loan
bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II. 

“Event of Default” shall have the meaning assigned to such term in Article VIII. 

“Excess Availability” shall mean (a) the lesser of (i) the Revolving Commitments of all of the Lenders and
(ii) the Borrowing Base on the date of determination less (b) all outstanding Loans and LC Exposure less (c) in the Collateral Agent’s reasonable credit judgment, the aggregate amount of all the outstanding and unpaid trade
payables and other obligations of Borrower or any Subsidiary Guarantor which are not paid within 60 days past the due date according to their original terms of sale, in each case as of such date of determination less (d) in

  

 19 

 
the Collateral Agent’s reasonable credit judgment, the amount of checks issued by Borrower or any Subsidiary Guarantor to pay trade payables and other obligations which are not paid within
60 days past the due date according to their original terms of sale, in each case as of such date of determination, but which checks either have not yet been sent or are subject to other arrangements which are expected to delay the prompt
presentation of such checks for payment. 
 “Excess Cash Flow” shall mean, for any fiscal year of Borrower, the
sum, without duplication, of 
 (a) Consolidated EBITDA for such fiscal year, plus 

(b) cash gains excluded from Consolidated Net Income, plus 

(c) reductions to non-cash working capital of Borrower and its Consolidated Subsidiaries for such fiscal year
(i.e., the decrease, if any, in noncash Consolidated Current Assets minus Consolidated Current Liabilities from the beginning to the end of such fiscal year), minus  

(d) the amount of any cash income taxes paid or payable by Holdings and its consolidated Subsidiaries with respect to such
fiscal year, net of any cash tax refunds received or receivable by Holdings or any of its Subsidiaries in such fiscal year, minus 

(e) cash interest paid by Holdings and its Consolidated Subsidiaries during such fiscal year, minus 

(f) Capital Expenditures made in cash in accordance with Section 6.08(d) during such fiscal year, to the
extent funded from internally generated funds, minus 
 (g) other than repayments and prepayments of the
Senior Notes made with the proceeds of a Qualified Equity Offering as permitted by Section 6.09(ii)(B) or pursuant to Section 6.09(ii)(C), permanent repayments and prepayments of Indebtedness made by Holdings and its
Consolidated Subsidiaries during such fiscal year, but only to the extent such repayments do not occur in connection with a refinancing of all or any portion of the Loans, minus 

(h) extraordinary cash losses from the sale of assets during such fiscal year and not included in Consolidated Net Income,
minus 
 (i) additions to noncash working capital for such fiscal year (i.e., the increase,
if any, in noncash Consolidated Current Assets minus Consolidated Current Liabilities from the beginning to the end of such fiscal year); minus 

(j) Dividends paid by Holdings or any of its Subsidiaries (other than Dividends paid by any Wholly Owned Subsidiary of
Holdings to any other Wholly Owned Subsidiary of Holdings or to Holdings). 
 provided that, to the extent otherwise included therein,
the Net Cash Proceeds of Asset Sales and Casualty Events shall be excluded from the calculation of Excess Cash Flow. 
  

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 “Excess Cash Flow Prepayment Amount” means an amount equal to (i) 50%
of Excess Cash Flow for each full fiscal year of the Borrower ending after the Closing Date and for which the Borrower has delivered the annual financial statements required by Section 5.01(a), and computed on a cumulative consolidated
basis, less (ii) the amount of all prepayments, redemptions and repurchases of Senior Notes made in reliance on the provisions of Section 6.09(ii)(C)(1); provided that prepayments, redemptions and repurchases made pursuant to
Section 6.09(ii)(C) shall be deemed to be made in reliance on Section 6.09(ii)(C)(1) until such amount is utilized in full, and thereafter shall be deemed to be made in reliance on Section 6.09(ii)(C)(2).

 “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 

“Excluded Taxes” shall mean, with respect to the Administrative Agent, any Lender, the Issuing Bank or any other
recipient of any payment to be made by or on account of any obligation of Borrower hereunder, (a) income or franchise taxes imposed on (or measured by) its net income by the United States, or by the jurisdiction (or any political subdivision
thereof) under the laws of which such recipient is organized or in which its principal office is located or carries on business (other than as a result of a connection arising solely from the Lender, Issuing Bank or Administrative Agent having
executed, delivered or performed its obligations or received a payment under this Agreement or any other Loan Document) or, in the case of any Lender, in which its applicable lending office is located, (b) any branch profits tax imposed by the
United States or any similar tax imposed by any other jurisdiction in which such lending office is located, and (c) in the case of a Foreign Lender (other than an assignee pursuant to a request by Borrower under Section 2.16),
withholding tax that is imposed on amounts payable to such Foreign Lender (x) at the time such Foreign Lender becomes a party to this Agreement (or designates a new lending office) or (y) that is attributable to such Foreign Lender’s
failure or inability to deliver or furnish to Borrower the documentation specified in Section 2.15(e) where the provision of such documentation would have resulted in such Foreign Lender’s entitlement to an exemption from or
reduction of withholding tax, except to the extent that such Foreign Lender (or its assignor or seller of a participation interest, if any) was entitled, at the time of designation of a new lending office (or in the case of an assignment or sale of
a participation interest, at the time of assignment or acquisition of such participation interest), to receive additional amounts from Borrower with respect to such withholding tax pursuant to Section 2.15(a) (it being understood and
agreed, for the avoidance of doubt, that any withholding tax imposed on a Foreign Lender as a result of a Change in Law or regulation or interpretation thereof occurring after the time such Foreign Lender became a party to this Agreement shall not
be an Excluded Tax). 
 “Executive Orders” shall have the meaning assigned to such term in
Section 6.20. 
 “Existing Credit Agreement” means that certain Credit Agreement dated as of
February 25, 2005 among the Loan Parties, Agents and the lenders party thereto. 
 “Existing Leases” shall
have the meaning assigned to such term in Section 6.02(g). 
 “Federal Funds Effective Rate” shall
mean, for any day, the weighted average of the rates on overnight federal funds transactions with members of the Federal Reserve System 

 

 21 

 
arranged by federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business
Day, the average of the quotations for the day for such transactions received by the Administrative Agent from three federal funds brokers of recognized standing selected by it. 

“Fee Letter” shall mean that certain letter agreement dated as of July 7, 2010 among Holdings, UBS Loan Finance LLC
and UBS Securities LLC. 
 “Fees” shall mean the Commitment Fee, the Administrative Agent Fee, the Collateral
Agent Fee, the LC Participation Fee and the Fronting Fee. 
 “Final Maturity Date” shall mean the earliest to
occur of (a) July 7, 2014, (b) the date that is forty-five (45) days prior to the final maturity date of the Senior Floating Rate Notes (unless the Senior Floating Rate Notes have been indefeasibly repaid in full in cash prior to
such date) and (c) the date that is forty-five (45) days prior to the final maturity date of the Senior Fixed Rate Notes (unless the Senior Fixed Rate Notes have been indefeasibly repaid in full in cash prior to such date). 

“Financial Officer” of any Person shall mean the Chief Financial Officer, Treasurer or Controller of such Person.

 “FIRREA” shall mean the Federal Institutions Reform, Recovery and Enforcement Act of 1989. 

“First Amendment Effective Date” shall have the meaning assigned to such term in the preamble hereto. 

“Fixed Asset Loan Period” shall mean, in any fiscal year, the five fiscal month period beginning with the first day of
the fiscal month of the Borrower commencing closest to July 31 of such fiscal year. 
 “Fixed Asset Loan
Value” shall mean an amount equal to the sum of (a) the advance rate of 55% of the appraised net orderly liquidation value of the Eligible Equipment plus (b) the advance rate of 55% of the appraised fair market value of the
Eligible Real Property. The appraised net orderly liquidation value of Eligible Equipment and the appraised fair market value of Eligible Real Property are set forth on Schedule 1.01(c), as Schedule 1.01(c) may be amended from time to
time as provided herein. If any Eligible Equipment or Eligible Real Property listed on Schedule 1.01(c) is sold, liquidated or otherwise ceases to be Eligible Equipment or Eligible Real Property, the Fixed Asset Loan Value shall be determined
without giving effect to the appraised net orderly liquidation value of such Eligible Equipment or the appraised fair market value of such Eligible Real Property and such Eligible Equipment and Eligible Real Property shall be deleted from
Schedule 1.01(c) and the Collateral Agent shall correspondingly amend Schedule 1.01(c) without any further action of any party hereto. The Collateral Agent may also amend Schedule 1.01(c) in its reasonable credit judgment upon
the receipt of any updated appraisal that is receives pursuant to Section 9.03. 
 “Foreign Lender”
shall mean any Lender or any Issuing Bank that is not, for United States federal income tax purposes, (i) a citizen or resident of the United States, (ii) a corporation 

 

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or partnership or entity treated as a corporation or partnership created or organized in or under the laws of the United States, or any political subdivision thereof, (iii) an estate the
income of which is subject to U.S. federal income taxation regardless of its source or (iv) a trust if a court within the United States is able to exercise primary supervision over the administration of such trust and one or more United States
Persons have the authority to control all substantial decisions of such trust. 
 “Foreign Subsidiary” shall
mean a Subsidiary that is organized under the laws of a jurisdiction other than the United States or any state thereof or the District of Columbia. 

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

“FSA” shall mean the Food Security Act of 1985 (codified in 7 U.S.C. § 1631). 

“GAAP” shall mean generally accepted accounting principles in the United States applied on a consistent basis.

 “Governmental Authority” shall mean any federal, state, local or foreign court, central bank or governmental
agency, authority, instrumentality or regulatory body. 
 “Governmental Real Property Disclosure Requirements”
shall mean any Requirement of Law of any Governmental Authority requiring notification of the buyer, lessee, mortgagee, assignee or other transferee of any Real Property, facility, establishment or business, or notification, registration or filing
to or with any Governmental Authority, in connection with the sale, lease, mortgage, assignment or other transfer (including, without limitation, any transfer of control) of any Real Property, facility, establishment or business, of the actual or
threatened presence or Release in or into the Environment, or the use, disposal or handling of Hazardous Materials on, at, under or near the Real Property, facility, establishment or business to be sold, leased, mortgaged, assigned or transferred.

 “Guaranteed Obligations” shall have the meaning assigned to such term in Section 7.01. 

“Guarantees” shall mean the guarantees issued pursuant to Article VII by the Guarantors. 

“Guarantors” shall mean Holdings and each Subsidiary Guarantor. 

“Hazardous Materials” shall mean the following: hazardous substances; hazardous wastes; polychlorinated biphenyls
(“PCBs”) or any substance or compound containing PCBs; asbestos or any asbestos-containing materials in any form or condition; radon or any other radioactive materials including any source, special nuclear or by-product material;
petroleum, crude oil or any fraction thereof; and any other pollutant or contaminant or hazardous, toxic or dangerous chemicals, wastes, materials, compounds, constituents or substances, as all such terms are used in their broadest sense and defined
by or under any Environmental Laws. 
 “Hebron Capital Expenditures” shall have the meaning assigned to such
term in Section 6.08(b). 
  

 23 

 “Hebron Facility Project” shall have the meaning assigned to such term in
Section 6.08(b). 
 “Hedging Agreement” shall mean any Interest Rate Protection Agreement, foreign
currency exchange agreement, commodity price protection agreement or other interest or currency exchange rate or commodity price hedging arrangement. 

“Hedging Reserve” shall mean a reserve determined by the Administrative Agent in its reasonable credit judgment and
giving effect to the aggregate amount owing to Loan Parties by a counterparty to a Hedging Agreement, less the amount the applicable Loan Party owes such counterparty thereunder, less the aggregate amount of Property pledged to cash collateralize
such obligation (other than the Collateral granted under the Loan Documents), in each case valued on a mark-to-market basis as of the last Business Day of the month (or if not available, the nearest prior Business Day for which such evaluation is
available). The Administrative Agent shall endeavor to provide the Borrower with no less than two (2) Business Days prior notice of any such Hedging Reserve; provided that the failure to provide such notice shall not affect the
application of such Hedging Reserve. 
 “Holdings” shall have the meaning assigned to such term in the preamble
hereto. 
 “Increase Effective Date” shall have the meaning assigned to such term in
Section 2.21(a). 
 “Increase Joinder” shall have the meaning assigned to such term in
Section 2.21(c). 
 “Indebtedness” of any Person shall mean, without duplication, (a) all
obligations of such Person for borrowed money or advances; (b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments; (c) all obligations of such Person under conditional sale or other title retention
agreements relating to Property purchased by such Person; (d) all obligations of such Person issued or assumed as the deferred purchase price of Property or services (excluding trade accounts payable and accrued obligations incurred in the
ordinary course of business on normal trade terms and not overdue by more than 90 days); (e) all Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by)
any Lien on Property owned or acquired by such Person, whether or not the obligations secured thereby have been assumed; (f) the principal portion of all Capital Lease Obligations, Purchase Money Obligations and synthetic lease obligations of
such Person; (g) all obligations of such Person in respect of Hedging Agreements to the extent required to be reflected on a balance sheet of such Person; (h) all Attributable Indebtedness of such Person; (i) all obligations for the
reimbursement of any obligor in respect of letters of credit, letters of guaranty, bankers’ acceptances and similar credit transactions; and (j) all Contingent Obligations of such Person in respect of Indebtedness or obligations of others
of the kinds referred to in clauses (a) through (i) above. The Indebtedness of any Person shall include the Indebtedness of any other entity (including any partnership in which such Person is a general partner) to the extent
such Person is liable therefor as a result of such Person’s ownership interest in or other relationship with such entity, except to the extent that terms of such Indebtedness provide that such Person is not liable therefor. 

 

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 “Indemnified Taxes” shall mean Taxes other than Excluded Taxes. 

“Indemnitee” shall have the meaning assigned to such term in Section 11.03(b). 

“Information” shall have the meaning assigned to such term in Section 11.12. 

“Instruments” shall mean all “instruments,” as such term is defined in the UCC as in effect on the date hereof
in the State of New York, in which any Person now or hereafter has rights. 
 “Intellectual Property” shall
have the meaning assigned to such term in Section 3.05(c). 
 “Intercompany Note” shall mean a
subordinated promissory note substantially in the form of Exhibit L. 
 “Interest Election Request”
shall mean a request by Borrower to convert or continue a Revolving Borrowing in accordance with Section 2.08(b), substantially in the form of Exhibit D. 

“Interest Payment Date” shall mean (a) with respect to any ABR Loan (other than a Swingline Loan), the last day of
each March, June, September and December to occur during the period that such Loan is outstanding and the Final Maturity Date, (b) with respect to any Eurodollar Loan, the last day of the Interest Period applicable to the Borrowing of which
such Loan is a part and, in the case of a Eurodollar Loan with an Interest Period of more than three months’ duration, each day prior to the last day of such Interest Period that occurs at intervals of three months’ duration after the
first day of such Interest Period, and (c) with respect to any Swingline Loan, the day that such Loan is required to be repaid. 

“Interest Period” shall mean, with respect to any Eurodollar Borrowing, the period commencing on the date of such
Borrowing and ending on the numerically corresponding day in the calendar month that is one, two, three or six months thereafter, as Borrower may elect; provided that (a) if any Interest Period would end on a day other than a Business
Day, such Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such Interest Period shall end on the next preceding Business Day and
(b) any Interest Period that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month of such Interest Period) shall end on the last Business Day of the
last calendar month of such Interest Period. For purposes hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made and thereafter shall be the effective date of the most recent conversion or continuation of such
Borrowing; provided, however, that an Interest Period shall be limited to two weeks to the extent required under Section 2.03(e). 

“Interest Rate Protection Agreement” shall mean any swap, cap, collar, forward purchase or similar agreements or
arrangements dealing with interest rates, either generally or under specific contingencies, which agreements or arrangements shall not have been entered into for speculative purposes. 

 

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 “Inventory” shall mean all “inventory,” as such term is defined
in the UCC as in effect on the date hereof in the State of New York, wherever located, in which any Person now or hereafter has rights. 

“Inventory Appraisal” shall mean (a) on the Closing Date, the audit prepared by Hilco Appraisal Services, LLC,
dated February 24, 2005 and (b) following the Third Amendment Effective Date, the most recent inventory appraisal approved by the Collateral Agent (by written notice to the Borrower as soon as practicable after the Collateral Agent’s
receipt thereof) in its reasonable credit judgment. 
 “Inventory Eligibility Factor” shall mean,
(a) until the Collateral Agent, in its reasonable credit judgment, approves an Inventory Appraisal after the Third Amendment Effective Date, (i) during the months of January through and including September in each calendar year, 78.06% and
(ii) at all other times, 74.74% and (b) thereafter, as of any date of determination, the percentage set forth in the most recent Inventory Appraisal. 

“Investments” shall have the meaning assigned to such term in Section 6.04. 

“IPO” shall mean the first underwritten public offering of Equity Interests of Holdings after the Closing Date pursuant
to a registration statement filed with the Securities and Exchange Commission in accordance with the Securities Act. 

“Issuing Bank” shall mean, as the context may require, (a) UBS AG, Stamford Branch, with respect to Letters of
Credit issued by it; (b) any other Lender that may become an Issuing Bank pursuant to Section 2.18(k), with respect to Letters of Credit issued by such Lender; or (c) collectively, all of the foregoing. 

“Joinder Agreement” shall mean that certain joinder agreement substantially in the form of Exhibit E. 

“Landlord Lien Waiver and Access Agreement” shall mean the Landlord Lien Waiver and Access Agreement, substantially in
the form of Exhibit F, with such modifications thereto as shall be acceptable to the Collateral Agent and the Administrative Agent, in their reasonable credit judgment. 

“LC Commitment” shall mean the commitment of the Issuing Bank to issue Letters of Credit pursuant to
Section 2.18. 
 “LC Disbursement” shall mean a payment or disbursement made by the Issuing Bank
pursuant to a Letter of Credit. 
 “LC Exposure” shall mean at any time the sum of (a) the aggregate
undrawn amount of all outstanding Letters of Credit at such time plus (b) the aggregate principal amount of all LC Disbursements that have not yet been reimbursed at such time. The LC Exposure of any Revolving Lender at any time shall
mean its Pro Rata Percentage of the aggregate LC Exposure at such time. 
 “LC Participation Fee” shall have
the meaning assigned to such term in Section 2.05(c). 
  

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 “LC Request” shall mean a request by Borrower in accordance with the terms
of Section 2.18(b) and substantially in the form of Exhibit A-3, or such other form as shall be approved by the Administrative Agent. 

“Leases” shall mean any and all leases, subleases, tenancies, lease options, concession agreements, rental agreements,
occupancy agreements, franchise agreements, access agreements and any other agreements (including all amendments, extensions, replacements, renewals, modifications and/or guarantees thereof), whether or not of record and whether now in existence or
hereafter entered into, granting to another the right to use or possess all or any portion of any Real Property. 

“Lender Addendum” shall mean with respect to any Lender on the Closing Date, a lender addendum in the form of Exhibit
A-4 ̧ to be executed and delivered by such Lender on the Closing Date as provided in Section 11.14. 

“Lender Affiliate” shall mean with respect to any Lender that is a fund or similar investment vehicle that makes or
invests in bank loans or other commercial loans, any other fund or similar investment vehicle that invests in commercial loans and is managed or advised by the same investment advisor as such Lender or by an Affiliate of such advisor. 

“Lenders” shall mean (a) the financial institutions that have become a party hereto pursuant to a Lender Addendum
(other than any such financial institution that has ceased to be a party hereto pursuant to an Assignment and Acceptance) and (b) any financial institution that has become a party hereto pursuant to an Assignment and Acceptance. Unless the
context clearly indicates otherwise, the term “Lenders” shall include the Swingline Lender. 
 “Letter of
Credit” shall mean any (i) Standby Letter of Credit and (ii) Commercial Letter of Credit, in each case, issued or to be issued by an Issuing Bank for the account of Borrower pursuant to Section 2.18. 

“Letter of Credit Expiration Date” shall mean the date which is three (3) Business Days prior to the Final Maturity
Date. 
 “Leverage Ratio” shall mean, at any date of determination, the ratio of Consolidated Indebtedness
(other than Subordinated Debt issued to and held by any Permitted Holder) on such date to Consolidated EBITDA for the Test Period then most recently ended. 

“LIBOR Rate” shall mean, with respect to any Eurodollar Borrowing for any Interest Period, the rate per annum
determined by the Administrative Agent to be the arithmetic mean of the offered rates for deposits in Dollars with a term comparable to such Interest Period that appears on the Telerate British Bankers Assoc. Interest Settlement Rates Page (as
defined below) at approximately 11:00 a.m., London, England time, on the second full Business Day preceding the first day of such Interest Period; provided, however, that (i) if no comparable term for an Interest Period is
available, the LIBOR Rate shall be determined using the weighted average of the offered rates for the two terms most nearly corresponding to such Interest Period and (ii) if there shall at any time no longer exist a Telerate British Bankers
Assoc. Interest Settlement Rates Page, “LIBOR Rate” shall mean, with respect to each day during each Interest Period pertaining to Eurodollar Borrowings comprising part of the same Borrowing, the rate per annum equal to

  

 27 

 
the rate at which the Administrative Agent is offered deposits in Dollars at approximately 11:00 a.m., London, England time, two Business Days prior to the first day of such Interest Period in
the London interbank market for delivery on the first day of such Interest Period for the number of days comprised therein and in an amount comparable to its portion of the amount of such Eurodollar Borrowing to be outstanding during such Interest
Period. Notwithstanding the foregoing, for purposes of clause (c) of the definition of Alternate Base Rate, the rates referred to above shall be the rates as of 11:00 a.m., London, England time, on the date of determination (rather than
the second Business Day preceding the date of determination). “Telerate British Bankers Assoc. Interest Settlement Rates Page” shall mean the display designated as Reuters Screen LIBOR01 Page (or such other page as may replace such
page on such service for the purpose of displaying the rates at which Dollar deposits are offered by leading banks in the London interbank deposit market). 

“Lien” shall mean, with respect to any Property, (a) any mortgage, deed of trust, lien, pledge, encumbrance, claim,
charge, assignment, hypothecation, security interest or encumbrance of any kind, any other type of preferential arrangement having the practical effect of any of the foregoing in respect of such Property or any filing of any financing statement
under the UCC or any other similar notice of Lien under any similar notice or recording statute of any Governmental Authority, including any easement, right-of-way or other encumbrance on title to Real Property, in each of the foregoing cases
whether voluntary or imposed by law, and any agreement to give any of the foregoing; (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having
substantially the same economic effect as any of the foregoing) relating to such Property; and (c) in the case of securities, any purchase option, call or similar right of a third party with respect to such securities. 

“Line Reserve” shall have the meaning assigned to such term in Section 2.10(g). 

“Loan Documents” shall mean this Agreement, any Borrowing Base Certificate, the Letters of Credit, the Notes (if any),
the Security Documents, the Fee Letter, the Management Fee Subordination Agreement and each Hedging Agreement entered into with any counterparty that was a Lender or an Affiliate of a Lender at the time such Hedging Agreement was entered into.

 “Loan Parties” shall mean Holdings, Borrower and the Subsidiary Guarantors. 

“Loans” shall mean advances made to or at the instructions of Borrower pursuant to Article II hereof and may
constitute Revolving Loans or Swingline Loans. 
 “Management Fee Subordination Agreement” shall mean that
certain Management Fee Subordination Agreement, dated as of March 20, 2006, among Borrower, Holdings, each Subsidiary Guarantor, Wasserstein & Co., LP, the Administrative Agent and certain other parties. 

“Management Services Agreement” shall mean the management services agreement dated as of June 17, 2004 between
Wasserstein & Co., LP and the Borrower having terms and conditions reasonably acceptable to the Administrative Agent. 
  

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 “Management Services Agreement Termination Fee” means a termination fee in
an amount not to exceed $10.0 million paid by the Borrower or Holdings to Wasserstein & Co., LP with the proceeds of an IPO in connection with the termination of the Management Services Agreement. 

“Margin Stock” shall have the meaning assigned to such term in Regulation U. 

“Material Adverse Effect” shall mean (a) a material adverse effect on the business, Property, results of
operations, prospects or financial condition of Borrower and the Subsidiaries, taken as a whole; (b) a material impairment of the ability of the Loan Parties to fully and timely perform any of their obligations under any Loan Document;
(c) a material impairment of the rights of or benefits or remedies available to the Lenders or the Collateral Agent under any Loan Document; or (d) a material adverse effect on the Collateral or the Liens in favor of the Collateral Agent
(for its benefit and for the benefit of the other Secured Parties) on the Collateral or the priority of such Liens. 

“Material Indebtedness” shall mean (a) Indebtedness evidenced by the Senior Notes and (b) any other
Indebtedness (other than the Loans and Letters of Credit or trade payables in the ordinary course of business), or obligations in respect of one or more Hedging Agreements, of any Loan Party evidencing an aggregate outstanding principal amount
exceeding $3.0 million. For purposes of determining Material Indebtedness, the “principal amount” of the obligations of such Loan Party in respect of any Hedging Agreement at any time shall be the maximum aggregate amount (giving effect to
any netting agreements) that such Loan Party would be required to pay if such Hedging Agreement were terminated at such time. 

“Maximum Rate” shall have the meaning assigned to such term in Section 11.13. 

“Mortgage” shall mean an agreement, including, but not limited to, a mortgage, deed of trust or any other document,
creating and evidencing a Lien on a Mortgaged Real Property, which shall be substantially in the form of Exhibit G, with such schedules and including such provisions as shall be necessary to conform such document to applicable local or
foreign law or as shall be customary under applicable local or foreign law. 
 “Mortgaged Real Property” shall
mean (a) each parcel of Real Property identified on Schedule 1.01(a) hereto, which schedule shall list, among other things, each county in which such Real Property is located and (b) each parcel of Real Property, if any, which shall
be subject to a Mortgage delivered after the Closing Date pursuant to Section 5.11(c). 
 “Multiemployer
Plan” shall mean a multiemployer plan within the meaning of Section 4001(a)(3) or Section 3(37) of ERISA (a) to which any Company or any ERISA Affiliate is then making or accruing an obligation to make contributions;
(b) to which any Company or any ERISA Affiliate has within the preceding five plan years made contributions; or (c) with respect to which any Company could incur material liability. 

“Net Cash Proceeds” shall mean: 

(a) with respect to any Asset Sale, the cash proceeds received by any Loan Party (including cash proceeds subsequently
received (as and when received by any Loan 
  

 29 

 
Party) in respect of noncash consideration initially received) net of (i) selling expenses (including reasonable brokers’ fees or commissions, legal, accounting and other professional
and transactional fees, transfer and similar taxes and Borrower’s good faith estimate of income taxes paid or payable in connection with such sale); (ii) amounts provided as a reserve, in accordance with GAAP, against any liabilities under
any indemnification obligations associated with such Asset Sale (provided that, to the extent and at the time any such amounts are released from such reserve, such amounts shall constitute Net Cash Proceeds); (iii) Borrower’s good
faith estimate of payments required to be made with respect to unassumed liabilities relating to the assets sold within 90 days of such Asset Sale (provided that, to the extent such cash proceeds are not used to make payments in respect of
such unassumed liabilities within 90 days of such Asset Sale, such cash proceeds shall constitute Net Cash Proceeds); and (iv) the principal amount, premium or penalty, if any, interest and other amounts on any Indebtedness for borrowed money
which is secured by a Lien on the asset sold in such Asset Sale and which is repaid with such proceeds (other than any such Indebtedness assumed by the purchaser of such asset); 

(b) with respect to any Debt Issuance, the cash proceeds thereof, net of customary fees, commissions, costs and other
expenses incurred in connection therewith; and 
 (c) with respect to any Casualty Event, the cash insurance
proceeds, condemnation awards and other compensation received in respect thereof, net of all reasonable costs and expenses incurred in connection with the collection of such proceeds, awards or other compensation in respect of such Casualty Event.

 For purposes of determining the amount of any prepayments required pursuant to this Agreement except to the
extent needed to make a prepayment or other payment or cash collateralization required pursuant to Section 2.10(b)(iii), “Net Cash Proceeds” shall not include any of the foregoing amounts to the extent at the time of the
receipt thereof (i) a Cash Dominion Trigger Event shall not be continuing and (ii) such amounts are not prohibited under Section 6.09 of this Agreement from being used to prepay the Senior Notes. 

“Net Orderly Liquidation Percentage” shall mean (i) for the months of January through and including September of
each calendar year, 48.99% and (ii) at all other times, 70.36% or such other percentages as determined by the Collateral Agent in the exercise of its reasonable credit judgment in connection with the most recent Inventory Appraisal. 

“Notes” shall mean any notes evidencing the Revolving Loans or Swingline Loans issued pursuant to this Agreement,
if any, substantially in the form of Exhibit H-1 or H-2, as the case may be. 

“Obligations” shall mean (a) obligations of Borrower and any and all of the other Loan Parties from time to time
arising under or in respect of the due and punctual payment of (i) the principal of and premium, if any, and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding,
regardless of whether 
  

 30 

 
allowed or allowable in such proceeding) on the Loans, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment
required to be made by Borrower and any and all of the other Loan Parties under this Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon and obligations to
provide cash collateral and (iii) all other monetary obligations, including fees, costs, expenses and indemnities, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency
of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), of Borrower and any and all of the other Loan Parties under this Agreement and the other Loan Documents,
(b) the due and punctual performance of all covenants, agreements, obligations and liabilities of Borrower and each Loan Party under or pursuant to this Agreement and the other Loan Documents, (c) the due and punctual payment and
performance of all obligations of Borrower and any and all of the other Loan Parties under each Hedging Agreement entered into with any counterparty that was a Lender or an Affiliate of a Lender at the time such Hedging Agreement was entered into;
provided that the aggregate amount of such obligations described in this clause (c) and owing by the Borrower and such Loan Parties (determined on a net basis under each Hedging Agreement) and included in the
“Obligations” shall not exceed $5,000,000 in the aggregate, and (d) the due and punctual payment and performance of all obligations in respect of overdrafts and related liabilities owed to any Lender, any Affiliate of a Lender, the
Administrative Agent or the Collateral Agent arising from treasury, depositary and cash management services or in connection with any automated clearinghouse transfer of funds; provided that the aggregate amount of such obligations described
in this clause (d) and included in the “Obligations” shall not exceed $5.0 million in the aggregate. 

“Officer’s Certificate” shall mean a certificate executed by the Chief Executive Officer, the President, or the
Chief Financial Officer, each in his or her official (and not individual) capacity. 
 “Original Closing Date”
means June 17, 2004. 
 “Other List” shall have the meaning assigned to such term in
Section 6.20. 
 “Other Taxes” shall mean any and all present or future stamp or documentary taxes
or any other excise or Property taxes, charges or similar levies (including interest, fines solely in respect of the payment of such Other Taxes, penalties and additions to tax) arising from any payment made or required to be made under any Loan
Document or from the execution, delivery or enforcement of, or otherwise with respect to, any Loan Document. 

“Overadvance” shall have the meaning assigned to such term in Section 10.10. 

“PACA” shall mean the Perishable Agricultural Commodities Act, 17 U.S.C. 499.e(c) (or any successor legislation
thereto), as amended from time to time, and any regulations promulgated thereunder. 
 “Participant” shall have
the meaning assigned to such term in Section 11.04(e). 
  

 31 

 “PBGC” shall mean the Pension Benefit Guaranty Corporation referred to and
defined in ERISA. 
 “Perfection Certificate” shall mean a certificate in the form of Exhibit I-1 or any
other form approved by the Collateral Agent, as the same shall be supplemented from time to time by a Perfection Certificate Supplement or otherwise. 

“Perfection Certificate Supplement” shall mean a certificate supplement in the form of Exhibit I-2 or any other
form approved by the Collateral Agent. 
 “Permitted Acquisition” shall mean any transaction or series of
related transactions for the direct or indirect (a) acquisition of all or substantially all of the property of any Person, or of any business or division of any Person, by Borrower or any of its Subsidiaries or (b) acquisition of 100% of
the Equity Interests of any Person by Borrower or any of its Subsidiaries, and otherwise causing such Person to become a Subsidiary of Borrower, if in any such case, each of the following conditions is met: 

(i) No Default or Event of Default then exists or would occur as a result of the consummation of any such transaction,

 (ii) after giving effect to such transaction on a Pro Forma Basis, Holdings shall be in compliance with all
covenants set forth in Section 6.08 as of the most recent Test Period (assuming, for purposes of Section 6.08, that such transaction, and all other Permitted Acquisitions consummated since the first day of the relevant Test
Period for each of the financial covenants set forth in Section 6.08 ending on or prior to the date of such transaction, had occurred on the first day of such relevant Test Period), 

(iii) no Company shall, in connection with any such transaction, assume or remain liable with respect to any Indebtedness
or other liability (including any material tax or ERISA liability) of the related seller or the business, person or properties acquired, except (A) to the extent permitted under Section 6.01 and (B) obligations not constituting
Indebtedness permitted to be assumed or otherwise supported by any Company hereunder; 
 (iv) the person or
business to be acquired shall be, or shall be engaged in, a business of the type that Borrower and its Subsidiaries are permitted to be engaged in under Section 6.13 and the property acquired in connection with any such transaction shall
be made subject to the Lien of the Security Documents (to the extent permitted by applicable law) and shall be free and clear of any Liens, other than Permitted Liens; 

(v) the Board of Directors of the person to be acquired shall not have indicated publicly its opposition to the
consummation of such acquisition (which opposition has not been publicly withdrawn); 
 (vi) all transactions in
connection therewith shall be consummated in accordance with all applicable Requirements of Law; 
  

 32 

 (vii) at least ten (10) Business Days prior to the proposed date of
consummation of the transaction, Borrowers shall have delivered to the Agents and the Lenders an Officers’ Certificate certifying that (A) such transaction complies with this definition, and (B) such transaction could not reasonably
be expected to result in a Material Adverse Effect; and 
 (viii) the aggregate amount of the Acquisition
Consideration for all Permitted Acquisitions since the Closing Date (net of purchase price adjustments or similar payments) shall not exceed $30.0 million. 

“Permitted Holders” shall mean each Sponsor and each of its Affiliates. 

“Permitted Liens” shall have the meaning assigned to such term in Section 6.02. 

“Person” shall mean any natural person, corporation, business trust, joint venture, association, company, limited
liability company, partnership or government, or any agency or political subdivision thereof. 
 “Plan” shall
mean any “employee pension benefit plan” as such term is defined in Section 3(2) of ERISA (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA
which is maintained or contributed to by any Company or its ERISA Affiliate or with respect to which any Company could incur liability (including, without limitation, under Section 4069 of ERISA). 

“Preferred Stock” shall mean, with respect to any Person, any and all preferred or preference Equity Interests (however
designated) of such Person whether now outstanding or issued after the Closing Date. 
 “Prior Lien” shall have
the meaning assigned to such term in the applicable Security Document. 
 “Pro Forma Basis” shall mean on a
basis in accordance with GAAP and Regulation S-X and otherwise reasonably satisfactory to the Administrative Agent. 

“Pro Rata Percentage” of any Revolving Lender at any time shall mean the percentage of the total Revolving Commitments
of all Revolving Lenders represented by such Lender’s Revolving Commitment; provided that for purposes of Section 2.20(b) and (c), “Pro Rata Percentage” shall mean the percentage of the total Revolving
Commitments (disregarding the Revolving Commitment of any Defaulting Lender to the extent its Swingline Exposure or LC Exposure is reallocated to the non-Defaulting Lenders) represented by such Lender’s Revolving Commitment. If the Revolving
Commitments have terminated or expired, the Pro Rata Percentage shall be determined based upon the Revolving Commitments most recently in effect, after giving effect to any assignments. 

“Property” shall mean any right, title or interest in or to property or assets of any kind whatsoever, whether real,
personal or mixed and whether tangible or intangible and including Equity Interests or other ownership interests of any Person and whether now in existence or owned or hereafter entered into or acquired, including, without limitation, all Real
Property. 
  

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 “Purchase Money Obligation” shall mean, for any Person, the obligations of
such Person in respect of Indebtedness incurred for the purpose of financing all or any part of the purchase price of any Property (including Equity Interests of any Person) and/or the cost of installation, construction or improvement of any
Property or assets and any refinancing thereof; provided, however, that such Indebtedness is incurred within 90 days after such acquisition of such Property by such Person. 

“Qualified Capital Stock” of any Person shall mean any capital stock of such Person that is not Disqualified Capital
Stock. 
 “Qualified Equity Offering” shall mean a Qualified Equity Offering as defined in the Senior Notes
Indenture, as in effect on the Closing Date. 
 “Real Property” shall mean, collectively, all right, title and
interest (including any leasehold estate) in and to any and all parcels of or interests in real property owned, leased or operated by any Person, whether by lease, license or other means, together with, in each case, all easements, hereditaments and
appurtenances relating thereto, all improvements and appurtenant fixtures and equipment, and all general intangibles and contract rights and other Property and rights incidental to the ownership, lease or operation thereof. 

“Refinancing” shall mean the repayment in full and the termination of any commitment to make extensions of credit under
the Existing Credit Agreement. 
 “Register” shall have the meaning assigned to such term in
Section 11.04(c). 
 “Regulation D” shall mean Regulation D of the Board as from time to time in
effect and all official rulings and interpretations thereunder or thereof. 
 “Regulation S-X” shall mean
Regulation S-X promulgated under the Securities Act. 
 “Regulation T” shall mean Regulation T of the Board as
from time to time in effect and all official rulings and interpretations thereunder or thereof. 
 “Regulation
U” shall mean Regulation U of the Board as from time to time in effect and all official rulings and interpretations thereunder or thereof. 

“Regulation X” shall mean Regulation X of the Board as from time to time in effect and all official rulings and
interpretations thereunder or thereof. 
 “Reinvestment Reserves” shall have the meaning assigned to such term
in Section 2.10(g). 
 “Release” shall mean any spilling, leaking, pumping, pouring, emitting,
emptying, discharging, injecting, escaping, leaching, dumping, disposing, depositing, dispersing, emanating or migrating of any Hazardous Materials in, into, onto or through the Environment. 

“Required Lenders” shall mean, at any time, Lenders having more than fifty percent (50%) of the Revolving
Commitments or, if the Revolving Commitments have been terminated, 
  

 34 

 
more than fifty percent (50%) of the Revolving Exposure; provided that the Loans, LC Exposure and unused Commitments held or deemed held by any Defaulting Lender shall be excluded for
purposes of making a determination of Required Lenders; provided, further, that whenever there are three or fewer Lenders, “Required Lenders” must include at least two Lenders that are not Affiliates of one another.

 “Requirements of Law” shall mean, collectively, any and all requirements of any Governmental Authority
including any and all laws, ordinances, rules, regulations or similar statutes or case law. 
 “Reserves” shall
mean reserves established against the Borrowing Base that the Collateral Agent may, in its reasonable credit judgment, establish from time to time, including, without limitation, reserves with respect to any potential claims against any Company or
its respective Property pursuant to PACA. The Administrative Agent shall endeavor to provide the Borrower with no less than two (2) Business Days prior notice of any such Reserve; provided that the failure to provide such notice shall
not affect the application of such Reserve. 
 “Response” shall mean (a) “response” as such term
is defined in CERCLA, 42 U.S.C. § 9601(24), and (b) all other actions required by any Governmental Authority or voluntarily undertaken to: (i) clean up, remove, treat, abate or in any other way address any Hazardous Materials in the
environment; (ii) prevent the Release or threat of Release, or minimize the further Release, of any Hazardous Materials; or (iii) perform studies and investigations in connection with, or as a precondition to, clause (i) or
(ii) above. 
 “Responsible Officer” of any Person shall mean any executive officer or Financial
Officer of such Person and any other officer or similar official thereof with responsibility for the administration of the obligations of such Person in respect of this Agreement. 

“Revolving Availability Period” shall mean the period from and including the Closing Date to but excluding the earlier
of the Final Maturity Date and the date of termination of the Revolving Commitments. 
 “Revolving Borrowing”
shall mean a Borrowing comprised of Revolving Loans. 
 “Revolving Commitment” shall mean, with respect to each
Lender, the commitment, if any, of such Lender to make Revolving Loans hereunder up to the amount set forth on Schedule I to the Lender Addendum executed and delivered by such Lender or by an Increase Joinder, or in the Assignment and
Acceptance pursuant to which such Lender assumed its Revolving Commitment, as applicable, as the same may be (a) reduced from time to time pursuant to Section 2.07 and (b) reduced or increased from time to time pursuant to
assignments by or to such Lender pursuant to Section 11.04. The aggregate amount of the Lenders’ Revolving Commitments on the Third Amendment Effective Date is $105.0 million. 

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

 

 35 

 “Revolving Lender” shall mean a Lender with a Revolving Commitment.

 “Revolving Loans” shall mean the Loans made by the Lenders to Borrower pursuant to
Section 2.01(b). 
 “SDN List” shall have the meaning assigned to such term in
Section 6.20. 
 “Secured Parties” shall mean, collectively, the Administrative Agent, the
Collateral Agent, each other Agent, the Lenders (and Affiliates thereof with respect to overdrafts and related liabilities as described in clause (d) of the definition of “Obligations”), each Issuing Bank and each party to a
Hedging Agreement if at the date of entering into such Hedging Agreement such Person was a Lender or an Affiliate of a Lender and such Affiliate executes and delivers to the Administrative Agent a letter agreement in form and substance acceptable to
the Administrative Agent pursuant to which such Person (i) appoints the Collateral Agent as its agent under the applicable Loan Documents and (ii) agrees to be bound by the provisions of Section 9.05. 

“Securities Act” shall mean the Securities Act of 1933, as amended. 

“Security Agreement” shall mean a Security Agreement substantially in the form of Exhibit J among the Loan
Parties and the Collateral Agent for the benefit of the Secured Parties. 
 “Security Agreement Collateral”
shall mean all Property pledged or granted as collateral pursuant to the Security Agreement delivered on the Closing Date or thereafter pursuant to Section 5.11. 

“Security Documents” shall mean the Security Agreement, the Mortgages, the Perfection Certificate and each other
security document or pledge agreement delivered in accordance with applicable local or foreign law to grant a valid, perfected Lien in any Property, and all UCC or other financing statements or instruments of perfection required by this Agreement,
the Security Agreement or any Mortgage to be filed with respect to the Liens in Property and fixtures created pursuant to the Security Agreement or any Mortgage and any other document or instrument utilized to pledge as collateral for the
Obligations any Property of whatever kind or nature. 
 “Senior Fixed Rate Notes” shall mean Borrower’s
9.0% Senior Notes due 2013 issued pursuant to the Senior Notes Indenture in an aggregate principal amount not to exceed $175.0 million, and any registered notes issued by Borrower in exchange for, and as contemplated by, such notes with
substantially identical terms as such notes. 
 “Senior Floating Rate Notes” shall mean Borrower’s
Floating Rate Senior Notes due 2012 issued pursuant to the Senior Notes Indenture in an aggregate principal amount not to exceed $70.0 million and any registered notes issued by Borrower in exchange for, and as contemplated by, such notes with
substantially identical terms as such notes. 
 “Senior Note Documents” shall mean the Senior Notes, the Senior
Notes Indenture, the Senior Note Guarantees and all other documents executed and delivered with respect to the Senior Notes or the Senior Notes Indenture. 
  

 36 

 “Senior Note Guarantees” shall mean the guarantees of Holdings and the
Subsidiary Guarantors pursuant to the Senior Notes Indenture. 
 “Senior Notes” shall mean the Senior Fixed
Rate Notes and the Senior Floating Rate Notes. 
 “Senior Notes Indenture” shall mean any indenture, note
purchase agreement or other agreement pursuant to which the Senior Notes are issued as in effect on the date hereof and thereafter amended from time to time subject to the requirements of this Agreement. 

“Senior Notes Offering Memorandum” shall mean that certain Offering Memorandum dated as of February 18, 2005,
relating to the issuance of the Senior Notes. 
 “Senior Notes Trustee” shall mean Wells Fargo Bank, N.A., as
trustee, and its successors and assigns. 
 “Special Agent Advance” shall have the meaning assigned to such
term in Section 10.11. 
 “SPE License Sub” means a Wholly Owned Subsidiary of Holdings or one of
its Subsidiaries that is formed for the sole purposes of holding one or more licenses to sell alcoholic beverages. 

“Sponsor” shall mean each of U.S. Equity Partners II, LP and Highfields Capital Management LP. 

“SPV” shall have the meaning assigned to such term in Section 11.04(h). 

“Standby Letter of Credit” shall mean any standby letter of credit or similar instrument issued for the purpose of
supporting (a) workers’ compensation liabilities of Borrower, any Subsidiary Guarantor or their respective Subsidiaries, (b) the obligations of third-party insurers of Borrower, any Subsidiary Guarantor or any of their respective
Subsidiaries arising by virtue of the laws of any jurisdiction requiring third-party insurers to obtain such letters of credit, or (c) performance, payment, deposit or surety obligations of Borrower, any Subsidiary Guarantor or any of their
respective Subsidiaries if required by law or governmental rule or regulation or in accordance with custom and practice in the relevant industry. 

“Statutory Reserves” shall mean, for any Interest Period for any Eurodollar Borrowing in Dollars, the average maximum
rate at which reserves (including any marginal, supplemental or emergency reserves) are required to be maintained during such Interest Period under Regulation D by member banks of the United States Federal Reserve System in New York City with
deposits exceeding one billion Dollars against “Eurodollar liabilities” (as such term is used in Regulation D). Eurodollar Borrowings shall be deemed to constitute Eurodollar liabilities and to be subject to such reserve requirements
without benefit of or credit for proration, exceptions or offsets which may be available from time to time to any Lender under Regulation D. 

“Subordinated Debt” means unsecured Indebtedness of Holdings that (i) has a final maturity date no earlier than one
year after the Final Maturity Date and that requires no 
  

 37 

 
mandatory prepayments or redemptions or other scheduled repayments prior to one year after the Final Maturity Date, (ii) contains covenants, events of default, remedies and terms of
subordination reasonably satisfactory to the Administrative Agent (as evidenced by the written approval of the Administrative Agent) and (iii) does not have the benefit of a guarantee or any other credit support from the Borrower or any other
Subsidiary of Holdings. 
 “Subsidiary” shall mean, with respect to any Person (the “parent”)
at any date, any corporation, limited liability company, partnership, association or other entity the accounts of which would be consolidated with those of the parent in the parent’s consolidated financial statements if such financial
statements were prepared in accordance with GAAP as of such date, as well as any other corporation, limited liability company, partnership, association or other entity of which securities or other ownership interests representing more than 50% of
the ordinary voting power or, in the case of a partnership, more than 50% of the general partnership interests are, as of such date, owned, controlled or held, by the parent or one or more Subsidiaries of the parent or by the parent and one or more
Subsidiaries of the parent. Unless otherwise set forth herein, reference in this Agreement to “Subsidiary” shall mean Holdings’ direct and indirect Subsidiaries. 

“Subsidiary Guarantors” shall mean each of (a) Harry & David Operations, Inc., a Delaware corporation, and
Bear Creek Orchards, Inc., a Delaware corporation, and (b) any other Wholly Owned Subsidiary of Borrower which (i) is organized in a State within the United States and (ii) has executed and delivered to Collateral Agent such joinder
agreements to guarantees, contribution and set-off agreements and other Security Documents as Collateral Agent has reasonably requested and has otherwise complied with the requirements of Section 5.11(b), and so long as Collateral Agent
has received and approved, in its reasonable discretion, (A) a collateral audit and Inventory Appraisal and (B) all UCC search results necessary to confirm Collateral Agent’s first priority Lien on all of such Subsidiary
Guarantor’s personal Property, encumbered by no Lien other than Permitted Liens. 

“Supermajority Lenders” shall mean at any time, Lenders having at least
66 2/3% of the Revolving Commitments and, if the
Revolving Commitments have been terminated, at least
66 2/3% of the sum of Revolving Exposure;
provided that the Loans, LC Exposure and unused Commitments held or deemed held by any Defaulting Lender shall be excluded for purposes of making a determination of Supermajority Lenders. 

“Survey” shall mean a survey of any Mortgaged Real Property (and all improvements thereon) (i) prepared by a
surveyor or engineer licensed to perform surveys in the state where such Mortgaged Real Property is located, (ii) dated (or redated) not earlier than six months prior to the date of delivery thereof unless there shall have occurred within six
months prior to such date of delivery any exterior construction on the site of such Mortgaged Real Property, in which event such survey shall be dated (or redated) after the completion of such construction or if such construction shall not have been
completed as of such date of delivery, not earlier than 20 days prior to such date of delivery, (iii) certified by the surveyor (in a manner reasonably acceptable to the Administrative Agent) to the Administrative Agent, the Collateral Agent
and the Title Company, (iv) complying in all respects with the minimum detail requirements of the American Land Title Association as such requirements are in effect on the date of preparation of such survey and (v) sufficient for the Title
Company to remove all standard survey exceptions from the title insurance policy (or commitment) relating to such Mortgaged Real Property and issue the endorsements of the type required by Section 4.01(o)(iii). 

 

 38 

 “Swingline Commitment” shall mean the commitment of the Swingline Lender to
make loans pursuant to Section 2.17, as the same may be reduced from time to time pursuant to Section 2.07 or Section 2.17. 

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

“Swingline Lender” shall have the meaning assigned to such term in the preamble hereto. 

“Swingline Loan” shall mean any Loan made by the Swingline Lender pursuant to Section 2.17. 

“Tax Return” shall mean all returns, statements, filings, attachments and other documents or certifications required to
be filed in respect of Taxes. 
 “Tax Sharing Agreements” shall mean all tax sharing, tax allocation and other
similar agreements entered into by Holdings or any Subsidiary of Holdings. 
 “Taxes” shall mean any and all
present or future taxes, duties, levies, fees, imposts, assessments, deductions, withholdings or other charges imposed by a Governmental Authority and any and all liabilities (including interest, fines solely in respect of any payment of such Taxes,
penalties or additions to tax) with respect to the foregoing. 
 “Test Period” shall mean, at any time, the
four consecutive fiscal quarters of Borrower then last ended (in each case taken as one accounting period). 
 “Third
Amendment Effective Date” shall have the meaning assigned to such term in the preamble hereto. 
 “Title
Company” shall mean any title insurance company as shall be retained by Borrower and reasonably acceptable to the Administrative Agent. 

“Title Policy” shall have the meaning assigned to such term in Section 4.01(o)(iii). 

“Total Liquidity” shall mean at any time, the sum of (i) Excess Availability at such time plus (ii) the
sum of cash and Cash Equivalents of Holdings and its Consolidated Subsidiaries at such time. 
 “Transaction
Documents” shall mean, as applicable, the Acquisition Documents, the Loan Documents and the Senior Note Documents. 

“Transactions” shall mean, collectively, the transactions to occur on or prior to the Closing Date pursuant to the
Transaction Documents, including (a) the execution and delivery of 
  

 39 

 
the Loan Documents and the initial borrowings hereunder; (b) the Refinancing; and (c) the payment of all fees and expenses to be paid on or prior to the Closing Date and owing in
connection with the foregoing. 
 “Treasury Regulation” means the regulations promulgated under the Code.

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

“UBS AG” shall have the meaning assigned to such term in the preamble hereto. 

“UCC” shall mean the Uniform Commercial Code as in effect in the applicable state or jurisdiction. 

“Usage” shall mean, as of any date of determination, an amount, expressed as a percentage, equal to (a) the
aggregate amount of Revolving Exposure on such date divided by (b) the aggregate amount of Revolving Commitments then in effect; provided that the Revolving Commitments held or deemed held by any Defaulting Lender shall be
excluded for purposes of making a determination of Usage. 
 “Voting Participant” shall have the meaning
assigned to such term in Section 11.04(e). 
 “Voting Participant Notification” shall have the
meaning assigned to such term in Section 11.04(e). 
 “Voting Stock” shall mean any class or
classes of capital stock of Holdings pursuant to which the holders thereof have the general voting power under ordinary circumstances to elect at least a majority of the Board of Directors of Holdings. 

“Wholly Owned Subsidiary” shall mean, as to any Person, (a) any corporation 100% of whose capital stock (other than
directors’ qualifying shares and any shares issued to Persons that are not Loan Parties to satisfy any applicable Requirements of Law in connection with obtaining licenses to sell alcoholic beverages) is at the time owned by such Person and/or
one or more Wholly Owned Subsidiaries of such Person and (b) any partnership, association, joint venture, limited liability company or other entity in which such Person and/or one or more Wholly Owned Subsidiaries of such Person has or have a
100% Equity Interest (other than Equity Interests of SPE License Subs issued to Persons that are not Loan Parties to satisfy any applicable Requirements of Law in connection with obtaining licenses to sell alcoholic beverages) at such time. Unless
otherwise set forth herein, reference in this Agreement to “Wholly Owned Subsidiary” shall mean Holding’s direct and indirect Wholly Owned Subsidiaries. 

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

 40 

 SECTION 1.02 Classification of Loans and Borrowings. For purposes of this Agreement,
Loans may be classified and referred to by Class (e.g., a “Revolving Loan”) or by Type (e.g., a “Eurodollar Loan”). Borrowings also may be classified and referred to by Class (e.g., a “Revolving
Borrowing”) or by Type (e.g., a “Eurodollar Borrowing”). 
 SECTION 1.03 Terms Generally. The
definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”,
“includes” and “including” shall be deemed to be followed by the phrase “without limitation”. The word “will” shall be construed to have the same meaning and effect as the word “shall”. Unless the
context requires otherwise (a) any definition of or reference to any Loan Document, agreement, instrument of other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended,
supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein), (b) any reference herein to any Person shall be construed to include such Person’s successors and assigns,
(c) the words “herein”, “hereof” and “hereunder”, and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (d) all references
herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement, (f) 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, (g) an Event of Default shall exist or continue or be continuing until such Event of
Default is waived in accordance with Section 11.02 or is cured in a manner satisfactory to Administrative Agent, if such Event of Default is capable of being cured as determined by the Administrative Agent and (h) the word
“month,” for the purposes of Sections 5.01(c), 5.15 and 6.06(e), shall be construed as referring to fiscal months and not calendar months. 

SECTION 1.04 Accounting Terms; GAAP. Except as otherwise expressly provided herein, all financial statements to be delivered
pursuant to this Agreement shall be prepared in accordance with GAAP as in effect from time to time and all terms of an accounting or financial nature shall be construed in accordance with GAAP, as in effect on the date hereof unless agreed to by
Borrower and the Required Lenders. In the event that any “Accounting Change” (as defined below), including, without limitation, any change in the treatment of leases under GAAP, shall occur and such change results in a change in the method
of calculation of financial covenants, standards or terms in this Agreement or if the Borrower shall change its fiscal year at any time (as may be permitted by this Agreement), then, at the option of either the Borrower or the Administrative Agent,
the Borrower and the Administrative Agent will enter into negotiations in order to amend such provisions of this Agreement so as to equitably reflect such Accounting Changes with the desired result that the criteria for evaluating the
Borrower’s financial condition and the scope of restrictions in the other covenants set forth herein shall be the same after such Accounting Changes as if such Accounting Changes had not been made. Until such time as such an amendment shall
have been executed and delivered by the Borrower and the Required Lenders, all financial covenants, standards and terms in this Agreement shall continue to be calculated or construed as if such Accounting Changes had not occurred.
“Accounting Changes” shall mean changes in accounting principles required by the promulgation of any rule, regulation, pronouncement or opinion by the Financial Accounting Standards Board of the American Institute of Certified
Public Accountants or, if applicable, the Securities and Exchange Commission (or successors thereto or agencies with similar functions). 
  

 41 

 SECTION 1.05 Resolutions of Drafting Ambiguities. Each Loan Party acknowledges and
agrees that it was represented by counsel in connection with the execution and delivery of the Loan Documents to which it is a party, that it and its counsel reviewed and participated in the preparation and negotiation hereof and thereof and that
any rule of construction to the effect that ambiguities are to be resolved against the drafting party shall not be employed in the interpretation hereof or thereof. 

ARTICLE II. 

THE CREDITS 

SECTION 2.01 Commitments. Subject to the terms and conditions and relying upon the representations and warranties herein set
forth, each Lender agrees, severally and not jointly, to make Revolving Loans to Borrower, at any time and from time to time after the Closing Date until the earlier of (a) one Business Day prior to the Final Maturity Date and (b) the
termination of the Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any time outstanding that will not (subject to the provisions of Sections 10.10 and 10.11) result in such Lender’s
Revolving Exposure exceeding the lesser of (A) such Lender’s Revolving Commitment less such Lender’s Pro Rata Percentage of any Line Reserve and (B) such Lender’s Pro Rata Percentage multiplied by the Borrowing Base then in
effect. 
 Within the limits set forth above and subject to the terms, conditions and limitations set forth herein, Borrower may
borrow, pay or prepay and reborrow Revolving Loans. 
 SECTION 2.02 Loans.

(a) Each Loan (other than Swingline Loans) shall be made as part of a Borrowing consisting of Loans made by the Lenders
ratably in accordance with their applicable Commitments; provided that the failure of any Lender to make any Loan shall not in itself relieve any other Lender of its obligation to lend hereunder (it being understood, however, that no Lender
shall be responsible for the failure of any other Lender to make any Loan required to be made by such other Lender). Except for Loans deemed made pursuant to Section 2.02(f), Loans (other than Swingline Loans) comprising any Borrowing
shall be in an aggregate principal amount that is (i) (A) in the case of ABR Loans, integral multiples of $1.0 million and not less than $5.0 million, or (B) in the case of Eurodollar Loans, integral multiples of $1.0 million and not
less than $5.0 million or (ii) equal to the remaining available balance of the applicable Revolving Commitments. 

(b) Subject to Sections 2.11 and 2.12, each Borrowing shall be comprised entirely of ABR Loans or Eurodollar
Loans as Borrower may request pursuant to Section 2.03. Each Lender may at its option make any Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of
such option shall not affect the obligation of Borrower to repay such Loan in 
  

 42 

 
accordance with the terms of this Agreement. Borrowings of more than one Type may be outstanding at the same time; provided, further, that Borrower shall not be entitled to request
any Borrowing that, if made, would result in more than ten Eurodollar Borrowings outstanding hereunder at any one time. For purposes of the foregoing, Borrowings having different Interest Periods, regardless of whether they commence on the same
date, shall be considered separate Borrowings. 
 (c) Except with respect to Loans made pursuant to
Section 2.02(f), each Lender shall make each Loan (other than Swingline Loans) to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds to such account in New York City as the Administrative
Agent may designate not later than 11:00 a.m., New York City time, and the Administrative Agent shall promptly credit the amounts so received to an account maintained with the Administrative Agent as directed by Borrower in the applicable Borrowing
Request or, if a Borrowing shall not occur on such date because any condition precedent herein specified shall not have been met, return the amounts so received to the respective Lenders. 

(d) Unless the Administrative Agent shall have received notice from a Lender prior to the date of any Borrowing that such
Lender will not make available to the Administrative Agent such Lender’s portion of such Borrowing, the Administrative Agent may assume that such Lender has made such portion available to the Administrative Agent on the date of such Borrowing
in accordance with paragraph (c) above, and the Administrative Agent may, in reliance upon such assumption, make available to Borrower on such date a corresponding amount. If the Administrative Agent shall have so made funds available
then, to the extent that such Lender shall not have made such portion available to the Administrative Agent, such Lender and Borrower severally agree to repay to the Administrative Agent forthwith on demand such corresponding amount together with
interest thereon, for each day from the date such amount is made available to Borrower until the date such amount is repaid to the Administrative Agent at (i) in the case of Borrower, the interest rate applicable at the time to the Loans
comprising such Borrowing and (ii) in the case of such Lender, a rate determined by the Administrative Agent to represent its cost of overnight or short-term funds (which determination shall be conclusive absent manifest error). If such Lender
shall repay to the Administrative Agent such corresponding amount, such amount shall constitute such Lender’s Loan as part of such Borrowing for purposes of this Agreement. 

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

(f) If the Issuing Bank shall not have received from Borrower the payment required to be made by
Section 2.18(e) within the time specified in such Section, the Issuing Bank will promptly notify the Administrative Agent of the LC Disbursement and the Administrative Agent will promptly notify each Revolving Lender of such LC
Disbursement and its Pro Rata Percentage thereof. Each Revolving Lender shall pay by wire transfer of immediately available funds to the Administrative Agent on such date (or, if such Revolving Lender shall have received such notice later than 12:00
(noon), 
  

 43 

 
New York City time, on any day, not later than 11:00 a.m., New York City time, on the immediately following Business Day), an amount equal to such Lender’s Pro Rata Percentage of such LC
Disbursement (it being understood that such amount shall be deemed to constitute an ABR Loan of such Lender, and such payment shall be deemed to have reduced the LC Exposure), and the Administrative Agent will promptly pay to the Issuing Bank
amounts so received by it from the Revolving Lenders. The Administrative Agent will promptly pay to the Issuing Bank any amounts received by it from Borrower pursuant to Section 2.18(e) prior to the time that any Revolving Lender makes
any payment pursuant to this paragraph (f); any such amounts received by the Administrative Agent thereafter will be promptly remitted by the Administrative Agent to the Revolving Lenders that shall have made such payments and to the Issuing
Bank, as their interests may appear. If any Revolving Lender shall not have made its Pro Rata Percentage of such LC Disbursement available to the Administrative Agent as provided above, such Lender and Borrower severally agree to pay interest on
such amount, for each day from and including the date such amount is required to be paid in accordance with this paragraph (f) to but excluding the date such amount is paid, to the Administrative Agent for the account of the Issuing Bank
at (i) in the case of Borrower, a rate per annum equal to the interest rate applicable to Revolving Loans pursuant to Section 2.06(a), and (ii) in the case of such Lender, for the first such day, the Federal Funds
Effective Rate, and for each day thereafter, the Alternate Base Rate. 
 SECTION 2.03 Borrowing Procedure. To request a
Revolving Borrowing, Borrower shall notify the Administrative Agent of such request by telephone (promptly confirmed by fax) (i) in the case of a Eurodollar Borrowing, not later than 11:00 a.m., New York City time, three (3) Business Days
before the date of the proposed Borrowing or (ii) in the case of an ABR Borrowing (other than Swingline Loans), not later than 9:00 a.m., New York City time, on the Business Day of the proposed Borrowing. Each such telephonic Borrowing Request
shall be irrevocable and shall be confirmed promptly by hand delivery or fax to the Administrative Agent of a written Borrowing Request in a form approved by the Administrative Agent and signed by Borrower. Each such telephonic and written Borrowing
Request shall specify the following information in compliance with Section 2.02: 
 (a) whether the
requested Borrowing is to be a Revolving Borrowing; 
 (b) the aggregate amount of such Borrowing; 

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

(d) whether such Borrowing is to be an ABR Borrowing or a Eurodollar Borrowing; 

(e) in the case of a Eurodollar Borrowing, the initial Interest Period to be applicable thereto, which shall be a period
contemplated by the definition of the term “Interest Period”; provided that until the earlier of (i) the date on which the Administrative Agent shall have notified Borrower that the primary syndication of the Commitments has
been completed and (ii) the date which is 60 days after the Closing Date, the Interest Period shall be two weeks; 
  

 44 

 (f) the location and number of Borrower’s account to which funds are to
be disbursed, which shall comply with the requirements of Section 2.02; and 
 (g) that the
conditions set forth in Section 4.02 (b) and (c) are satisfied as of the date of the notice. 
 If
no election as to the Type of Borrowing is specified, then the requested Borrowing shall be an ABR Borrowing. If no Interest Period is specified with respect to any requested Eurodollar Borrowing, then Borrower shall be deemed to have selected an
Interest Period of one month’s duration (subject to the proviso in clause (e) above). Promptly following receipt of a Borrowing Request in accordance with this Section 2.03, the Administrative Agent shall advise each
Lender of the details thereof and of the amount of such Lender’s Loan to be made as part of the requested Borrowing. 

SECTION 2.04 Evidence of Debt; Repayment of Loans.

(a) Borrower hereby unconditionally promises to pay (i) to the Administrative Agent for the account of each Revolving
Lender, the then unpaid principal amount of each Revolving Loan of such Lender on the Final Maturity Date and (ii) to the Swingline Lender the then unpaid principal amount of each Swingline Loan on the earlier of the Final Maturity Date and the
first date after such Swingline Loan is made that is the 15th or last day of a calendar month and is at least three (3) Business Days after such Swingline Loan is made; provided that on each date that a Revolving Borrowing is made,
Borrower shall repay all Swingline Loans that were outstanding on the date such Borrowing was requested. 
 (b)
Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of Borrower to such Lender resulting from each Loan made by such Lender from time to time, including the amounts of principal and
interest payable and paid to such Lender from time to time under this Agreement. 
 (c) The Administrative Agent
shall maintain accounts in which it will record (i) the amount of each Loan made hereunder, the Type and Class thereof and the Interest Period applicable thereto; (ii) the amount of any principal or interest due and payable or to become
due and payable from Borrower to each Lender hereunder; and (iii) the amount of any sum received by the Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof. 

(d) The entries made in the accounts maintained pursuant to paragraphs (b) and (c) above shall be
prima facie evidence of the existence and amounts of the obligations therein recorded; provided that the failure of any Lender or the Administrative Agent to maintain such accounts or any error therein shall not in any manner affect
the obligations of Borrower to repay the Loans in accordance with their terms. 
 (e) Any Lender may request that
Loans of any Class made by it be evidenced by a promissory note. In such event, Borrower shall prepare, execute and deliver to such 

 

 45 

 
Lender a promissory note payable to the order of such Lender (or, if requested by such Lender, to such Lender and its registered assigns) in the form of Exhibit H-1, or H-2, as the
case may be. Thereafter, the Loans evidenced by such promissory note and interest thereon shall at all times (including after assignment pursuant to Section 11.04) be represented by one or more promissory notes in such form payable to
the order of the payee named therein (or, if such promissory note is a registered note, to such payee and its registered assigns). 

(f) All funds held by Borrower or any other Loan Party shall be deposited in one or more dominion and control bank or
investment accounts, in form and substance reasonably satisfactory to Collateral Agent or in other accounts permitted under Section 9.01(e)(iii), in each case, to be used by the Borrower and the other Loan Parties for purposes permitted
or required hereby, and, following the occurrence and during the continuance of a Cash Dominion Trigger Event, shall be forwarded daily to the Concentration Account and applied in accordance with Section 9.01(f). 

SECTION 2.05 Fees.

(a) Commitment Fee. Borrower agrees to pay to the Administrative Agent for the account of each Lender a commitment
fee (a “Commitment Fee”) during the period from and including the Third Amendment Effective Date to but excluding the date on which such Commitment terminates in an amount equal to (i) 0.75% per annum on the average
daily unused amount of the Revolving Commitment of such Lender for each day on which Usage is greater than 60% or (ii) 1.00% per annum on the average daily unused amount of each Commitment of such Lender for each day on which Usage
is less than or equal to 60%. Accrued Commitment Fees shall be payable in arrears on the last day of March, June, September and December of each calendar year and on the date on which the Revolving Commitments terminate, commencing on the first such
date to occur after the date hereof. All Commitment Fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). For purposes of computing
Commitment Fees with respect to Revolving Commitments, a Revolving Commitment of a Lender shall be deemed to be used to the extent of the outstanding Revolving Loans and LC Exposure of such Lender (and the Swingline Exposure of such Lender shall be
disregarded for such purpose). 
 (b) Administrative Agent Fees; Collateral Agent Fees. Borrower agrees to
pay to the (i) Administrative Agent, for its own account, the administrative fees set forth in the Fee Letter or such other fees payable in the amounts and at the times separately agreed upon between Borrower and the Administrative Agent (the
“Administrative Agent Fees”) and (ii) Collateral Agent, for its own account, a collateral monitoring fee payable in the amounts and at the times mutually agreed upon in writing between Borrower and the Collateral Agent (the
“Collateral Agent Fees”). 
 (c) LC and Fronting Fees. Borrower agrees to pay (i) to
the Administrative Agent for the account of each Revolving Lender a participation fee (“LC Participation Fee”) with respect to its participations in Letters of Credit, which shall accrue at a rate equal to the Applicable Margin from
time to time used to determine the interest rate on 
  

 46 

 
Eurodollar Loans pursuant to Section 2.06 on the average daily amount of such Lender’s LC Exposure (excluding any portion thereof attributable to unreimbursed LC Disbursements)
during the period from and including the Closing Date to but excluding the later of the date on which such Lender’s Revolving Commitment terminates and the date on which such Lender ceases to have any LC Exposure, and (ii) to the Issuing
Bank a fronting fee (“Fronting Fee”), which shall accrue at the rate of 0.25% per annum on the average daily amount of the LC Exposure (excluding any portion thereof attributable to unreimbursed LC Disbursements) during
the period from and including the Closing Date to but excluding the later of the date of termination of the Revolving Commitments and the date on which there ceases to be any LC Exposure, as well as the Issuing Bank’s standard fees with respect
to the issuance, amendment, renewal or extension of any Letter of Credit or processing of drawings thereunder. LC Participation Fees and Fronting Fees accrued through and including the last day of March, June, September and December of each calendar
year shall be payable on the third Business Day following such last day, commencing on the first such date to occur after the Closing Date; provided that all such fees shall be payable on the date on which the Revolving Commitments terminate
and any such fees accruing after the date on which the Revolving Commitments terminate shall be payable on demand. Any other fees payable to the Issuing Bank pursuant to this paragraph shall be payable within 10 days after demand. All LC
Participation Fees and Fronting Fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). During the continuance of an Event of Default,
the LC Participation Fee shall be increased to a per annum rate equal to 2% plus the otherwise applicable rate with respect thereto. 

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

SECTION 2.06 Interest on Loans and Default Compensation.

(a) Subject to the provisions of Section 2.06(c), the Loans comprising each ABR Borrowing, including each
Swingline Loan, shall bear interest at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin in effect from time to time. 

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

(c) Notwithstanding the foregoing, during the continuance of an Event of Default, all Obligations shall bear interest,
after as well as before judgment, at a per annum rate equal to (i) in the case of principal of or interest on any Loan, 2% plus the rate otherwise applicable to such Loan as provided in the preceding paragraphs of this
Section 2.06, (ii) in the case of the LC Participation Fee, such increase as provided in Section 2.05(c), and (iii) in the case of any other amount then due and payable, 2% plus the rate applicable to ABR
Loans as provided in paragraph (a) of this Section 2.06. 
  

 47 

 (d) Accrued interest on each Loan shall be payable in arrears on each
Interest Payment Date for such Loan and, in the case of Revolving Loans, upon termination of the Revolving Commitments; provided that (i) interest accrued pursuant to paragraph (c) of this Section 2.06 shall be
payable on demand (provided that, absent demand, such interest shall be payable on each Interest Payment Date and upon termination of the Revolving Commitments), (ii) in the event of any repayment or prepayment of any Loan (other than a
prepayment of an ABR Loan prior to the end of the Revolving Availability Period), accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment and (iii) in the event of any conversion
of any Eurodollar Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of such conversion. 

(e) All interest hereunder shall be computed on the basis of a year of 360 days, except that interest computed by
reference to the Alternate Base Rate shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day). The
applicable Alternate Base Rate or Adjusted LIBOR Rate shall be determined by the Administrative Agent in accordance with the provisions of this Agreement and such determination shall be conclusive absent manifest error. 

SECTION 2.07 Termination and Reduction of Commitments.

(a) The Revolving Commitments, the Swingline Commitment, and the LC Commitment shall automatically terminate on the Final
Maturity Date. 
 (b) Borrower may at any time terminate, or from time to time reduce, the Commitments of any
Class; provided, that (i) each reduction of the Commitments of any Class shall be in an amount that is an integral multiple of $1.0 million and not less than $3.0 million and (ii) the Commitments shall not be terminated or reduced
if, after giving effect to any concurrent prepayment, the Swingline Exposures would exceed the Swingline Commitment, the sum of the Revolving Exposures would exceed the aggregate amount of Revolving Commitments or the LC Exposures would exceed the
LC Commitment. 
 (c) Borrower shall notify the Administrative Agent of any election to terminate or reduce the
Commitments under paragraph (b) of this Section 2.07 at least three (3) Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof. Promptly
following receipt of any notice, the Administrative Agent shall advise the Lenders of the contents thereof. Each notice delivered by Borrower pursuant to this Section 2.07 shall be irrevocable. Any termination or reduction of the
Commitments of any Class shall be permanent. Each reduction of the Commitments of any Class shall be made ratably among the Lenders in accordance with their respective Commitments of such Class. 

 

 48 

 SECTION 2.08 Interest Elections.

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

 (c) To make an election pursuant to this Section 2.08, Borrower shall notify the Administrative
Agent of such election by telephone by the time that a Borrowing Request would be required under Section 2.03 if Borrower was requesting a Revolving Borrowing of the Type resulting from such election to be made on the effective date of
such election. Each such telephonic Interest Election Request shall be irrevocable and shall be confirmed promptly by hand delivery or fax to the Administrative Agent of a written Interest Election Request substantially in the form of Exhibit
D. 
 (d) Each telephonic and written Interest Election Request shall specify the following information in
compliance with Section 2.02: 
 (i) the Borrowing to which such Interest Election Request applies
and, if different options are being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to clauses (iii) and
(iv) below shall be specified for each resulting Borrowing); 
 (ii) the effective date of the
election made pursuant to such Interest Election Request, which shall be a Business Day; 
 (iii) whether the
resulting Borrowing is to be an ABR Borrowing or a Eurodollar Borrowing; and 
 (iv) if the resulting Borrowing
is a Eurodollar Borrowing, the Interest Period to be applicable thereto after giving effect to such election, which shall be a period contemplated by the definition of the term “Interest Period”; provided that until the earlier of
(i) the date on which the Administrative Agent shall have notified Borrower that the primary syndication of the Commitments has been completed and (ii) the date which is 60 days after the Closing Date, the Interest Period shall be two
weeks. 
  

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 If any such Interest Election Request requests a Eurodollar Borrowing but does not specify an Interest
Period, then Borrower shall be deemed to have selected an Interest Period of one month’s duration (subject to the proviso in clause (iv) above). 

(e) Promptly following receipt of an Interest Election Request, the Administrative Agent shall advise each Lender of the
details thereof and of such Lender’s portion of each resulting Borrowing. 
 (f) If an Interest Election
Request with respect to a Eurodollar Borrowing is not timely delivered prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such Interest Period such Borrowing shall be
converted to a Eurodollar Borrowing with a one month Interest Period. Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing and the Administrative Agent, at the request of the Required Lenders, so
notifies Borrower, then, after the occurrence and during the continuance of such Event of Default (i) no outstanding Borrowing may be converted to or continued as a Eurodollar Borrowing and (ii) unless repaid, each Eurodollar Borrowing
shall be converted to an ABR Borrowing at the end of the Interest Period applicable thereto. 
 SECTION 2.09 [Intentionally
Omitted.] 
 SECTION 2.10 Optional and Mandatory Prepayments of Loans. 

(a) Optional Prepayments. Borrower shall have the right at any time and from time to time to prepay any Borrowing,
in whole or in part, subject to the requirements of this Section 2.10; provided that each partial prepayment shall be in an amount that is an integral multiple of $1.0 million and not less than $3.0 million. 

(b) Revolving Loan Prepayments. 

(i) In the event of the termination of all the Revolving Commitments, Borrower shall, on the date of such termination,
repay or prepay all its outstanding Revolving Borrowings and all outstanding Swingline Loans and replace all outstanding Letters of Credit or cash collateralize outstanding Letters of Credit in accordance with the procedures set forth in
Section 2.18(j). 
 (ii) In the event of any partial reduction of the Revolving Commitments, then
(x) at or prior to the effective date of such reduction, the Administrative Agent shall notify Borrower and the Revolving Lenders of the sum of the Revolving Exposures after giving effect to such reduction and (y) if the sum of the
Revolving Exposures would exceed the aggregate amount of Revolving Commitments after giving effect to such reduction, then Borrower shall, on the date of such reduction, first, repay or prepay all Swingline Loans, second, repay or
prepay Revolving Borrowings and third, replace or cash collateralize outstanding Letters of Credit in accordance with the procedures set forth in Section 2.18(j), in an amount sufficient to eliminate such excess. 

 

 50 

 (iii) In the event that the sum of all Lenders’ Revolving Exposures
exceeds the Borrowing Base then in effect, the Borrower shall, without notice or demand, immediately apply an amount equal to such excess to prepay the Loans and any interest accrued thereon, in accordance with this Section 2.10(b)(iii).
The Borrower shall, first, repay or prepay all Swingline Loans, second, repay or prepay Revolving Borrowings, and third, replace or cash collateralize outstanding Letters of Credit in accordance with the procedures set forth in
Section 2.18(j), in an amount sufficient to eliminate such excess. 
 (iv) In the event that the sum
of all Lenders’ Revolving Exposures exceeds the Revolving Commitments then in effect, the Borrower shall, without notice or demand, immediately first, repay or prepay all Swingline Loans, second, repay or prepay Revolving
Borrowings, and third, replace or cash collateralize outstanding Letters of Credit in accordance with the procedures set forth in Section 2.18(j), in an amount sufficient to eliminate such excess. 

(v) In the event that the aggregate LC Exposure exceeds the LC Commitment then in effect, the Borrower shall, without
notice or demand, immediately replace or cash collateralize outstanding Letters of Credit in accordance with the procedures set forth in Section 2.18(j), in an amount sufficient to eliminate such excess. 

(c) Asset Sales. Not later than one Business Day following the receipt of any Net Cash Proceeds of any Asset Sale
by a Loan Party, Borrower shall, and shall cause the applicable Loan Party (with appropriate adjustments to any intercompany loan account balances), to, apply 100% of the Net Cash Proceeds received with respect thereto to make prepayments in
accordance with Sections 2.10(j); provided that: 
 (i) no such prepayment shall be required with
respect to (A) any Asset Sale permitted by Section 6.05(b)(ii), (d), (e), (i) or (m), (B) the disposition of assets subject to a condemnation or eminent domain proceeding or insurance settlement
to the extent such proceeding or settlement does not constitute a Casualty Event, or (C) Asset Sales for fair market value resulting in no more than $250,000 in Net Cash Proceeds per Asset Sale (or series of related Asset Sales) and less than
$1.0 million in Net Cash Proceeds in any four consecutive fiscal quarters of the Borrower; and 
 (ii) subject to
Section 2.10(g) and so long as no Event of Default shall then exist or would arise therefrom and the aggregate of such Net Cash Proceeds of Asset Sales shall not exceed $5.0 million in any four consecutive fiscal quarters of Borrower,
such proceeds shall not be required to be so applied on such date to the extent that Borrower shall have delivered an Officer’s Certificate to the Administrative Agent on or prior to such date stating that such Net Cash Proceeds shall be used
to purchase replacement assets or other assets useful in the business of the Companies or acquire 100% of the Equity Interests of any Person that owns such assets no later than one year following the date of such Asset Sale (which Officer’s
Certificate shall set forth the estimates of the proceeds to be so 
  

 51 

 
expended); provided that if the Property subject to such Asset Sale constituted Collateral, then all Property purchased with the Net Cash Proceeds thereof pursuant to this subsection shall
be made subject to the Lien of the applicable Security Documents in favor of the Collateral Agent, for its benefit and for the benefit of the other Secured Parties in accordance with Sections 5.11 and 5.12; provided,
further, that if the Property subject to such Asset Sale did not constitute Collateral but the Property purchased with the net cash proceeds thereof is intended to be subject to the Lien created by any of the Security Documents, then all such
Property purchased with the net cash proceeds thereof pursuant to this subsection shall be made subject to the Lien of the applicable Security Documents in favor of the Collateral Agent, for its benefit and for the benefit of the other Secured
Parties in accordance with Sections 5.11 and 5.12. 
 (d) Debt Issuance. Upon any Debt
Issuance, Borrower shall, and shall cause the other Loan Parties to, make prepayments in accordance with Sections 2.10(j) in an aggregate principal amount equal to 100% of the Net Cash Proceeds of such Debt Issuance. 

(e) [Intentionally Omitted.] 

(f) Casualty Events. Not later than one Business Day following the receipt of any net cash proceeds (whether or not
otherwise constituting Net Cash Proceeds) in excess of $250,000 from a Casualty Event, Borrower shall, and shall cause the other Loan Parties, to apply an amount equal to 100% of the Net Cash Proceeds to make prepayments required pursuant to
Section 2.10(b)(iii), or to the extent that a Cash Dominion Trigger Event has occurred and is continuing, in accordance with Section 2.10(j); provided that subject to Section 2.10(g) and so long as no Event
of Default shall then exist or arise therefrom, such proceeds shall not be required to be so applied on such date to the extent that (A) Borrower shall have delivered an Officer’s Certificate to the Administrative Agent on or prior to such
date stating that such proceeds shall be used to repair, replace or restore any Property the subject of a Casualty Event (which Officer’s Certificate shall set forth the estimates of the proceeds to be so expended) and (B) the
Administrative Agent shall have determined that (i) such proceeds, together with Borrower’s cash on hand (or reasonably projected to be on hand) and Excess Availability shall be adequate to enable Borrower to complete any such repairs,
replacements, or restorations to any such Property and that such repairs, replacements and restorations shall be completed within 360 days after the receipt of such proceeds and (ii) such Property, after the completion of such repairs,
replacements or restorations, shall provide the Companies with substantially similar or greater benefits as were provided by the Property subject to such Casualty Event; provided that if the Property subject to such Casualty Event constituted
Collateral under the Security Documents, then all Property purchased with the Net Cash Proceeds thereof pursuant to this subsection shall be made subject to the Lien of the applicable Security Documents in favor of the Collateral Agent, for its
benefit and for the benefit of the other Secured Parties in accordance with Sections 5.11 and 5.12; 
  

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 (g) In the event that Borrower has delivered an Officer’s Certificate
in accordance with Section 2.10(c)(ii) or in accordance with Section 2.10(f), (i) the applicable Net Cash Proceeds shall be applied in accordance with Section 2.10(j), without a permanent reduction in the
Commitments, (ii) both a Reserve and a reserve against the Commitments (“Line Reserve”; and together with the other Reserve established pursuant to this clause (ii), the “Reinvestment Reserves”) shall be
established (in the amount of the Net Cash Proceeds less, in the case of a Casualty Event, the Net Cash Proceeds attributable to lost or destroyed Inventory) to the extent of the prepayment required under clause (g)(i) above, which shall each
be released simultaneously with and to the extent of any Loans advanced to the Borrower for the purpose of purchasing or replacing or repairing or restoring assets in accordance with Section 2.10(c)(ii) or 2.10(f), as applicable
(including the making of progress payments therefor); provided that, Borrower submits (with the applicable Borrowing Request) an Officer’s Certificate setting forth the use of proceeds of the requested Loan and confirming that such use
is in compliance with Section 2.10(c)(ii) or 2.10(f), as applicable, and (iii) in the event that any part or all of the Reinvestment Reserves remain in place at the end of the time period set forth in
Section 2.10(c)(ii) or 2.10(f), as applicable, such remaining Reinvestment Reserves shall be released; provided that, if such Reinvestment Reserves relate to Eligible Equipment or Eligible Real Property, (x) such
Eligible Equipment or Eligible Real Property shall be deleted from Schedule 1.01(c) and Schedule 1.01(c) shall be amended in accordance with the definition of the term “Fixed Asset Loan Value”, and (y) the Fixed Asset
Loan Value of the Person owning such Eligible Equipment or such Eligible Real Property shall be calculated without giving effect to an amount equal to the appraised net orderly liquidation value of such Eligible Equipment or the appraised fair
market value of such Eligible Real Property, as applicable. 
 (h) [Intentionally Omitted.] 

(i) Pay-Downs. The Borrower shall make a mandatory payment during the month of December in each
year (which payment shall be made on or prior to the first Business Day after
December 25th of each year) of all outstanding
Revolving Loans and Swingline Loans. In addition, for 30 consecutive days during each period commencing on the Business Day after
December 25th of each year through but excluding
February 1 of the immediately succeeding year, the Borrower shall not have outstanding any Revolving Loans or Swingline Loans. 

(j) Application of Prepayments. 

(i) Prior to any optional or mandatory prepayment of Borrowings hereunder, Borrower shall select the Borrowing or
Borrowings to be prepaid and shall specify such selection in the notice of such prepayment pursuant to paragraph (i) of this Section 2.10(j). Subject to Section 9.05 and so long as no Event of Default shall then
exist and be continuing, all mandatory prepayments shall be applied as follows: first, to reimbursable expenses of Agents then due and payable pursuant to the Loan Documents and Fees due and payable to the Agents and Lenders pursuant to the
Loan Documents; second, to interest then due and payable on all Loans; third, to Overadvances; fourth, to the principal balance 

 

 53 

 
of the Swingline Loans until the same have been repaid in full; fifth, to the outstanding principal balance of Revolving Loans until the same have been paid in full, including accompanying
accrued interest and charges under Sections 2.12, 2.13 and 2.15 (Borrower may elect which of any Eurodollar Borrowings is to be prepaid); sixth, to cash collateralize all LC Exposures plus any accrued and unpaid Fees with
respect thereto (to be held and applied in accordance with Section 2.18(j) hereof); seventh, to all other Obligations pro rata in accordance with the amounts that such Lender certifies are outstanding and due and payable;
and, eighth, returned to Borrower or to such party as otherwise required by law. 
 (ii) Amounts to be
applied pursuant to this Section 2.10 to the prepayment of Revolving Loans shall be applied, as applicable, first to reduce outstanding ABR Loans. Any amounts remaining after each such application shall be applied to prepay Eurodollar
Loans. Notwithstanding the foregoing, if the amount of any prepayment of Loans required under this Section 2.10 shall be in excess of the amount of the ABR Loans at the time outstanding, only the portion of the amount of such prepayment
as is equal to the amount of such outstanding ABR Loans shall be immediately prepaid and, at the election of Borrower: 

(A) the balance of such required prepayment shall be prepaid immediately, together with any amounts owing to the Lenders
under Section 2.13 or 
 (B) amounts to be applied pursuant to this Section 2.10(j) to
prepay any Eurodollar Borrowing shall be deposited in a Breakage Prepayment Account (as defined below) if the Borrower so requests to avoid the incurrence of costs under Section 2.13. On the last day of the Interest Period of each
Eurodollar Borrowing, the Administrative Agent shall apply any cash on deposit in such Breakage Prepayment Account to amounts due in respect of such Eurodollar Borrowing in the order that Borrower shall specify until all amounts required to be
prepaid have been repaid (with any remaining funds being returned to Borrower) or until all the allocable cash on deposit has been exhausted. For purposes of this Section 2.10(j), the term “Breakage Prepayment Account”
shall mean an account established by the Borrower with the Administrative Agent and over which the Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal for application in accordance with this
Section 2.10(j). The Administrative Agent will, at the request of Borrower, invest amounts on deposit in a Breakage Prepayment Account in short-term, cash equivalent investments selected by the Administrative Agent in consultation with
Borrower that mature prior to the last day of the Interest Period of the applicable Eurodollar Borrowing; provided, however, that the Administrative Agent shall have no obligation to invest amounts on deposit in a Breakage Prepayment
Account if an Event of Default shall have occurred and be continuing. The Borrower shall indemnify the Administrative Agent for any losses 

 

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relating to the investments made at the request or direction of Borrower so that the amount available to prepay amounts due in respect of the applicable Eurodollar Borrowing on the last day of
the applicable Interest Period is not less than the amount that would have been available had no investments been made pursuant thereto. Other than any interest earned on such investments (which shall be for the account of the Borrower, to the
extent not necessary for the prepayment of Eurodollar Borrowings in accordance with this Section 2.10(j)), the Breakage Prepayment Account shall not bear interest. Interest or profits, if any, on such investments in any Breakage
Prepayment Account shall be deposited in such Breakage Prepayment Account and reinvested and disbursed as specified above. If the maturity of the Loans and all amounts due hereunder has been accelerated pursuant to Article VIII, the
Administrative Agent may, in its sole discretion, apply all amounts on deposit in the Breakage Prepayment Accounts to satisfy any of the Obligations (and Borrower has pursuant to the Security Agreement or another Security Document granted to the
Administrative Agent a security interest in each of its Breakage Prepayment Accounts to secure such Obligations). 

(k) Notice of Prepayment. Except in the case of any prepayment hereunder that is required to be made sooner,
Borrower shall notify the Administrative Agent (and, in the case of prepayment of a Swingline Loan, the Swingline Lender) by telephone (confirmed by fax) of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowing, not
later than 11:00 a.m., New York City time, three (3) Business Days before the date of prepayment, (ii) in the case of prepayment of an ABR Borrowing, not later than 11:00 a.m., New York City time, one Business Day before the date of
prepayment or (iii) in the case of prepayment of a Swingline Loan, not later than 11:00 a.m., New York City time, on the date of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date, the principal amount of
each Borrowing or portion thereof to be prepaid and, in the case of a mandatory prepayment, a reasonably detailed calculation of the amount of such prepayment. Promptly following receipt of any such notice (other than a notice relating solely to
Swingline Loans), the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in an amount as provided in Section 2.10(a), except as necessary to apply fully the required
amount of a mandatory prepayment. Each prepayment of a Borrowing shall be applied ratably to the Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 2.06.

 SECTION 2.11 Alternate Rate of Interest. If prior to the commencement of any Interest Period for a Eurodollar
Borrowing: 
 (a) the Administrative Agent determines (which determination shall be conclusive absent manifest
error) that adequate and reasonable means do not exist for ascertaining the Adjusted LIBOR Rate for such Interest Period; or 
  

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 (b) the Administrative Agent is advised by the Required Lenders that the
Adjusted LIBOR Rate for such Interest Period will not adequately and fairly reflect the cost to such Lenders of making or maintaining their Loans included in such Borrowing for such Interest Period; 

then the Administrative Agent shall give notice thereof to Borrower and the Lenders by telephone or fax as promptly as practicable thereafter and, until
the Administrative Agent notifies Borrower and the Lenders that the circumstances giving rise to such notice no longer exist, (i) any Interest Election Request that requests the conversion of any Borrowing to, or continuation of any Borrowing
as, a Eurodollar Borrowing shall be ineffective and (ii) if any Borrowing Request requests a Eurodollar Borrowing, such Borrowing shall be made as an ABR Borrowing. 

SECTION 2.12 Increased Costs.

(a) If any Change in Law shall: 

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

(ii) impose on any Lender or the Issuing Bank or the London interbank market any other condition affecting this Agreement
or Eurodollar 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 or maintaining any Eurodollar Loan (or of maintaining its obligation to make any such Loan) or to increase the cost to such Lender or the Issuing Bank of participating in, issuing or maintaining any Letter
of Credit or to reduce the amount of any sum received or receivable by such Lender or the Issuing Bank hereunder (whether of principal, interest or otherwise), then Borrower will pay to Administrative Agent for the account of such Lender or the
Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender or the Issuing Bank, as the case may be, for such additional costs incurred or reduction suffered. 

(b) If any Lender or the Issuing Bank determines that any Change in Law regarding capital requirements has or would have
the effect of reducing the rate of return on such Lender’s or the Issuing Bank’s capital or on the capital of such Lender’s or the Issuing Bank’s holding company, if any, as a consequence of this Agreement or the Loans made by,
or participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by the Issuing Bank, to a level below that which such Lender or the Issuing Bank or such Lender’s or the Issuing Bank’s holding company could have
achieved but for such Change in Law (taking into consideration such Lender’s or the Issuing Bank’s policies and the policies of such Lender’s or the Issuing Bank’s holding company with respect to capital adequacy), then from time
to time Borrower will pay to such Lender or the Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender or the Issuing Bank or such Lender’s or the Issuing Bank’s holding company for any such
reduction suffered. 
  

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 (c) A certificate of a Lender or the Issuing Bank setting forth the amount
or amounts necessary to compensate such Lender or the Issuing Bank or its holding company, as the case may be, as specified in paragraph (a) or (b) of this Section 2.12 shall be delivered to Borrower and shall be
conclusive absent manifest error. Borrower shall pay Administrative Agent for the account of such Lender or the Issuing Bank, as the case may be, the amount shown as due on any such certificate within 10 days after receipt thereof. 

(d) Failure or delay on the part of any Lender or the Issuing Bank to demand compensation pursuant to this
Section 2.12 shall not constitute a waiver of such Lender’s or the Issuing Bank’s right to demand such compensation; provided that Borrower shall not be required to compensate a Lender or the Issuing Bank pursuant to
this Section 2.12 for any increased costs or reductions incurred more than 180 days prior to the date that such Lender or the Issuing Bank, as the case may be, notifies Borrower of the Change in Law giving rise to such increased costs or
reductions and of such Lender’s or the Issuing Bank’s intention to claim compensation therefor; provided, further that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the 180-day
period referred to above shall not begin earlier than the date of effectiveness of the Change in Law. 
 SECTION 2.13
Breakage Payments. In the event of (a) the payment or prepayment, whether optional or mandatory, of any principal of any Eurodollar Loan other than on the last day of an Interest Period applicable thereto (including as a result of an Event
of Default), (b) the conversion of any Eurodollar Loan other than on the last day of the Interest Period applicable thereto, (c) the failure to borrow, convert, continue or prepay any Eurodollar Loan on the date specified in any notice
delivered pursuant hereto, (d) any automatic rollover of any Revolving Loan to a Eurodollar Loan pursuant to Section 2.08(f), or (e) the assignment of any Eurodollar Loan other than on the last day of the Interest Period
applicable thereto as a result of a request by Borrower pursuant to Section 2.16, then, in any such event, Borrower shall compensate each Lender for the loss, cost and expense attributable to such event. In the case of a Eurodollar Loan,
such loss, cost or expense to any Lender shall be deemed to include an amount determined by such Lender to be the excess, if any, of (i) the amount of interest which would have accrued on the principal amount of such Loan had such event not
occurred, at the Adjusted LIBOR Rate that would have been applicable to such Loan, for the period from the date of such event to the last day of the then current Interest Period therefor (or, in the case of a failure to borrow, convert or continue,
for the period that would have been the Interest Period for such Loan), over (ii) the amount of interest which would accrue on such principal amount for such period at the interest rate which such Lender would bid were it to bid, at the
commencement of such period, for Dollar deposits of a comparable amount and period from other banks in the Eurodollar market. A certificate of any Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant to this
Section 2.13 shall be delivered to Borrower and Administrative Agent and shall be conclusive absent manifest error. Borrower shall pay Administrative Agent for the account of such Lender the amount shown as due on any such certificate
within 10 days after receipt thereof. 
  

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 SECTION 2.14 Payments Generally; Pro Rata Treatment; Sharing of Set-offs.

(a) Borrower shall make each payment required to be made by it hereunder or under any other Loan Document (whether of
principal, interest, fees or reimbursement of LC Disbursements, or of amounts payable under Section 2.12, 2.13 or 2.15, or otherwise) on or before the time expressly required hereunder or under such other Loan Document for
such payment (or, if no such time is expressly required, prior to 2:00 p.m., New York City time), on the date when due, in immediately available funds, without setoff, deduction or counterclaim. Any amounts received after such time on any date may,
in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Administrative Agent at its offices at 677
Washington Boulevard, Stamford, Connecticut, except payments to be made directly to the Issuing Bank or Swingline Lender as expressly provided herein and except that payments pursuant to Sections 2.12, 2.13, 2.15 and
11.03 shall be made to the Administrative Agent for the benefit of the Persons entitled thereto and payments pursuant to other Loan Documents shall be made to the Administrative Agent for the benefit of the Persons specified therein. The
Administrative Agent shall distribute any such payments received by it for the account of any other Person to the appropriate recipient promptly following receipt thereof. If any payment under any Loan Document shall be due on a day that is not a
Business Day, the date for payment shall be extended to the next succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. All payments under each Loan Document
shall be made in Dollars. 
 (b) Subject to Section 9.05 hereof, if at any time insufficient funds
are received by and available to the Administrative Agent to pay fully all amounts of principal, unreimbursed LC Disbursements, interest and fees then due hereunder, such funds shall be applied (i) first, towards payment of interest and
fees then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest and fees then due to such parties, and (ii) second, towards payment of principal and unreimbursed LC Disbursements then due
hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal and unreimbursed LC Disbursements then due to such parties. 

(c) If any Lender shall, by exercising any right of setoff or counterclaim or otherwise, obtain payment in respect of any
principal of or interest on any of its Revolving Loans or participations in LC Disbursements or Swingline Loans resulting in such Lender receiving payment of a greater proportion of the aggregate amount of its Revolving Loans, participations in LC
Disbursements and Swingline Loans and accrued interest thereon than the proportion received by any other Lender, then the Lender receiving such greater proportion shall purchase (for cash at face value) participations in the Revolving Loans,
participations in LC Disbursements and Swingline Loans of other Lenders to the extent necessary so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued
interest on their respective Revolving Loans, and participations in LC Disbursements and Swingline Loans; provided that (i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered,
such participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest, 

 

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and (ii) the provisions of this paragraph shall not be construed to apply to any payment made by Borrower pursuant to and in accordance with the express terms of this Agreement or any
payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or participations in LC Disbursements to any assignee or participant, other than to Borrower or any Subsidiary or Affiliate thereof
(as to which the provisions of this paragraph shall apply). Borrower consents to the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements
may exercise against Borrower rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of Borrower in the amount of such participation. 

(d) Unless the Administrative Agent shall have received notice from Borrower prior to the date on which any payment is due
to the Administrative Agent for the account of the Lenders or the Issuing Bank hereunder that Borrower will not make such payment, the Administrative Agent may assume that Borrower has made such payment on such date in accordance herewith and may,
in reliance upon such assumption, distribute to the Lenders or the Issuing Bank, as the case may be, the amount due. In such event, if Borrower has not in fact made such payment, then each of the Lenders or the Issuing Bank, as the case may be,
severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or Issuing Bank with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the
date of payment to the Administrative Agent, at the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. 

(e) If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.02(c),
2.02(f), 2.14(d), 2.17(d), 2.18(d) or 11.03(d), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative
Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid. 

SECTION 2.15 Taxes.

(a) Any and all payments by or on account of any obligation of Borrower to the Administrative Agent, any Lender or any
Issuing Bank hereunder or under any other Loan Document shall be made free and clear of and without deduction or withholding for any and all Indemnified Taxes; provided that if Borrower shall be required by law to deduct any Indemnified Taxes
from such payments, then (i) the sum payable shall be increased as necessary so that after making all required deductions (including deductions or withholdings applicable to additional sums payable under this Section 2.15(a)) the
Administrative Agent, Lender or Issuing Bank (as the case may be) receives an amount equal to the sum it would have received had no such deductions or withholdings been made, (ii) Borrower shall make such deductions or withholdings and
(iii) Borrower shall pay the full amount deducted or withheld to the relevant Governmental Authority in accordance with applicable law. 
  

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 (c) In addition, Borrower shall pay any Other Taxes to the relevant
Governmental Authority in accordance with applicable law. 
 (d) Borrower shall indemnify and pay the
Administrative Agent, each Lender and the Issuing Bank, within ten (10) Business Days after written demand therefor, for the full amount of any Indemnified Taxes or Other Taxes paid by the Administrative Agent, such Lender or the Issuing Bank,
as the case may be (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section 2.15) and any penalties, interest and reasonable expenses arising therefrom or with respect
thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to Borrower by a Lender or the
Issuing Bank, or by the Administrative Agent on its own behalf or on behalf of a Lender or the Issuing Bank, shall be conclusive absent manifest error. Notwithstanding anything in this Section 2.15 to the contrary, Borrower shall not
have any obligation to a Lender, an Issuing Bank or the Administrative Agent with respect to an Indemnified Tax, Other Tax or other indemnity payment to the extent arising from the willful misconduct of such Lender, Issuing Bank or the
Administrative Agent, as applicable. 
 (e) Within 30 days after any payment of Indemnified Taxes or Other Taxes
by Borrower to a Governmental Authority, Borrower shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or
other evidence of such payment reasonably satisfactory to the Administrative Agent. 
 (f) Any Foreign Lender
that is entitled to an exemption from or reduction of withholding tax under the law of the jurisdiction in which Borrower is located, or any treaty to which such jurisdiction is a party, with respect to payments under this Agreement or under any
other Loan Document shall deliver to Borrower (with a copy to the Administrative Agent), at the time or times prescribed by applicable law or reasonably requested by the Borrower or the Administrative Agent, such properly completed and executed
documentation prescribed by applicable law or reasonably requested by Borrower as will permit such payments to be made without withholding or at a reduced rate. Each Foreign Lender either (1) (i) agrees, to the extent it may lawfully do
so, to furnish either U.S. Internal Revenue Service Form W-8ECI or U.S. Internal Revenue Service Form W-8BEN (or successor form) and (ii) agrees (for the benefit of Borrower and the Administrative Agent), to the extent it may lawfully do so at
such times, upon reasonable request by Borrower or the Administrative Agent, to provide a new Form W-8ECI or Form W-8BEN (or successor form) upon the expiration or obsolescence of any previously delivered form to reconfirm any complete exemption
from, or any entitlement to a reduction in, U.S. federal withholding tax with respect to any interest payment hereunder; (2) in the case of any such Foreign Lender that is not a “bank” within the meaning of Section 881(c)(3)(A)
of the Code, (i) agrees, to the extent it may lawfully do so, to furnish either (a) a “Non-Bank Certificate” (certifying that such Foreign Lender is not (x) a “bank” within the meaning of Section 881(c)(3)(A)
of the Code, (y) a “10-percent shareholder” of Borrower within the meaning of Section 
  

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871(h)(3)(B) of the Code or (z) a “controlled foreign corporation” related to Borrower within the meaning of Section 864(d)(4) of the Code) in a form acceptable to the
Administrative Agent and the Borrower and two accurate and complete original signed copies of Internal Revenue Service Form W-8BEN (or successor form) or (b) an Internal Revenue Form W-8ECI (or successor form), certifying (in each case) to such
Foreign Lender’s legal entitlement to an exemption or reduction from U.S. federal withholding tax with respect to all interest payments hereunder and (ii) agrees (for the benefit of Borrower and the Administrative Agent) to the extent it
may lawfully do so at such times, upon reasonable request by Borrower or the Administrative Agent, to provide a new Form W-8BEN or W-8ECI (or successor form) upon the expiration or obsolescence of any previously delivered form to reconfirm any
complete exemption from, or any entitlement to a reduction in, U.S. federal withholding tax with respect to any interest payment hereunder; or (3) (i) agrees, to the extent it may lawfully do so, to furnish any other form prescribed by
applicable law as a basis for claiming exemption from, or a reduction in, U.S. federal withholding tax together with any supplementary documentation as may be prescribed by applicable law to permit the Borrower to determine any withholding or
deduction required to be made and (ii) agrees (for the benefit of Borrower and the Administrative Agent), to the extent it may lawfully do so at such times, upon reasonable request by Borrower or the Administrative Agent, to provide a new
applicable form upon the expiration or obsolescence of any previously delivered form to reconfirm any complete exemption from, or any entitlement to a reduction in, U.S. federal withholding tax with respect to any interest payment hereunder. Each
such Foreign Lender shall promptly notify the Borrower and the Administrative Agent of any change in circumstances that would modify or render invalid any claimed exemption or reduction. 

(g) If the Administrative Agent or a Lender (or an assignee) determines in its reasonable discretion that it has received
a refund of any Indemnified Taxes or Other Taxes as to which it has been indemnified by Borrower or with respect to which Borrower has paid additional amounts pursuant to this Section 2.15, it shall pay over such refund to Borrower (but
only to the extent of indemnity payments made, or additional amounts paid, by Borrower under this Section 2.15 with respect to the Indemnified Taxes or the Other Taxes giving rise to such refund), net of all out-of-pocket expenses of the
Administrative Agent or such Lender (or assignee) and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund); provided, however, that Borrower, upon the request of the
Administrative Agent or such Lender (or assignee), agrees to repay the amount paid over to Borrower (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Administrative Agent or such Lender (or
assignee) in the event the Administrative Agent or such Lender (or assignee) is required to repay such refund to such Governmental Authority. Nothing contained in this Section 2.15(f) shall require the Administrative Agent or any Lender
(or assignee) to make available its tax returns or any other information which it deems confidential to Borrower or any other Person. Notwithstanding anything to the contrary, in no event will any Lender be required to pay any amount to Borrower the
payment of which would place such Lender in a less favorable net after-tax position than such Lender would have been in had the additional amounts or indemnification payments giving rise to such refund of any Indemnified Taxes or Other Taxes never
been paid in the first place. 
  

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 (h) If any Lender or Issuing Bank changes its residence, place of business
or applicable lending office, or takes any similar action (other than pursuant to Section 2.16(a)) and the effect of such change or action, as of the date thereof, would be to increase the amounts that Borrower is obligated to pay under
Section 2.15, then the Borrower shall not be obligated to pay the amount of such increase. 
 (i)
Each Lender or Issuing Bank that is not a Foreign Lender and that is not an “exempt recipient” (as defined in Treasury Regulation Section 1.6049-4(c)) with respect to which no withholding is required shall, in the case of each Lender
or Issuing Bank that is a signatory hereto, on or prior to the date of its execution and delivery of this Agreement and, in the case of an assignee or a participant, on or prior to the date of the assignment or sale of a participation interest to
which it becomes a Lender or Issuing Bank, provide to Borrower and the Administrative Agent two complete copies of Form W-9 or any successor form. 

SECTION 2.16 Mitigation Obligations; Replacement of Lenders.

(a) Mitigation of Obligations. If any Lender requests compensation under Section 2.12, or if Borrower
is required to pay any additional amount to the Administrative Agent, any Lender, any Issuing Bank or any Governmental Authority for the account of any Lender or Issuing Bank pursuant to Section 2.15, then such Lender or Issuing Bank, as
the case may be, shall use reasonable efforts to designate a different lending office for funding or booking its Loans, Letters of Credit or other assets in respect of which Borrower has Obligations pursuant to this Agreement or any other Loan
Document or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the reasonable judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable or that
may thereafter accrue pursuant to Section 2.12 or 2.15, as the case may be and (ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be materially disadvantageous to such Lender.
Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment. 

(b) Replacement of Lenders. If any Lender requests compensation under Section 2.12, or if Borrower is
required to pay any additional amount to the Administrative Agent, any Lender, any Issuing Bank or any Governmental Authority for the account of any Lender or Issuing Bank pursuant to Section 2.15, or if any Lender is a Defaulting
Lender, or if Borrower exercises its replacement rights under Section 11.02(c), then Borrower may, at its sole expense and effort, upon notice to such Lender or Issuing Bank, as the case may be, and the Administrative Agent, require such
Lender or Issuing Bank, as applicable, to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in Section 11.04), all of its interests, rights and obligations under this Agreement to an
assignee selected by Borrower that shall assume such obligations (which assignee may be another Lender or Issuing Bank, as applicable, if a Lender or Issuing Bank, as applicable, accepts such 

 

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assignment); provided that (i) Borrower shall have received the prior written consent of the Administrative Agent and the Collateral Agent (and, if a Revolving Commitment is being
assigned, the Issuing Bank and Swingline Lender), which consent shall not unreasonably be withheld, (ii) such Lender shall have received payment of an amount equal to the outstanding principal of its Loans and participations in LC Disbursements
and Swingline Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder, from the assignee (to the extent of such outstanding principal and accrued interest and fees) or Borrower (in the case of all other amounts)
and (iii) in the case of any such assignment resulting from a claim for compensation under Section 2.12 or payments required to be made pursuant to Section 2.15, such assignment will result in a material reduction in
such compensation or payments. A Lender shall not be required to make any such assignment and delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the applicable Borrower to require such
assignment and delegation cease to apply. No replacement of an Issuing Bank shall be made unless concurrently with such replacement such Issuing Bank shall have received all original Letters of Credit issued by it marked “cancelled” or
otherwise be satisfied that such Letters of Credit have been surrendered by the beneficiaries thereof and will be promptly returned to such Issuing Bank. 

SECTION 2.17 Swingline Loans.

(a) Swingline Commitment. Subject to the terms and conditions set forth herein, the Swingline Lender agrees to make
Swingline Loans to Borrower from time to time during the Revolving Availability Period, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Swingline Loans exceeding
$10.0 million or (ii) the sum of the total Revolving Exposures exceeding the lesser of (A) the total Revolving Commitments minus any Line Reserve and (B) the Borrowing Base then in effect; provided that the Swingline Lender
shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, Borrower may borrow, repay and reborrow Swingline Loans. Any outstanding
Swingline Loan shall be repaid in full on the first date that any Revolving Loan is made subsequent to the date such Swingline Loan is made. 

(b) Swingline Loans. To request a Swingline Loan, Borrower shall notify the Administrative Agent of such request by
telephone (confirmed by fax), not later than 2:00 p.m., New York City time, on the day of a proposed Swingline Loan. Each such notice shall be irrevocable and shall specify the requested date (which shall be a Business Day) and amount of the
requested Swingline Loan. The Administrative Agent will promptly advise the Swingline Lender of any such notice received from Borrower. The Swingline Lender shall make each Swingline Loan available to Borrower by means of a credit to the general
deposit account of Borrower with the Swingline Lender (or, in the case of a Swingline Loan made to finance the reimbursement of an LC Disbursement as provided in Section 2.18(e), by remittance to the Issuing Bank) by 3:00 p.m., New York
City time, on the requested date of such Swingline Loan. Borrower shall not request a Swingline Loan if at the time of and immediately after giving effect to such request a Default has occurred and is continuing. Swingline Loans shall be made in
minimum amounts of $100,000 and integral multiples of $100,000 above such amount. 
  

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 (c) Prepayment. Borrower shall have the right at any time and from
time to time to repay any Swingline Loan, in whole or in part, upon giving written or fax notice (or telephone notice promptly confirmed by written or fax notice) to the Swingline Lender and to the Administrative Agent before 12:00 (noon), New York
City time on the date of repayment at the Swingline Lender’s address for notices specified in the Swingline Lender’s Administrative Questionnaire. All principal payments of Swingline Loans shall be accompanied by accrued interest on the
principal amount being repaid to the date of payment. 
 (d) Participations. The Swingline Lender may by
written notice given to the Administrative Agent not later than 12:00 noon, New York City time, on any Business Day require the Revolving Lenders to acquire participations on such Business Day in all or a portion of the Swingline Loans outstanding
(provided such notice requirements shall not apply if the Swingline Lender and the Administrative Agent are the same entity). Such notice shall specify the aggregate amount of Swingline Loans in which Revolving Lenders will participate. Promptly
upon receipt of such notice, the Administrative Agent will give notice thereof to each Revolving Lender, specifying in such notice such Lender’s Pro Rata Percentage of such Swingline Loan or Loans. Each Revolving Lender hereby absolutely and
unconditionally agrees, upon receipt of notice as provided above, to pay to the Administrative Agent, for the account of the Swingline Lender, such Lender’s Pro Rata Percentage of such Swingline Loan or Loans. Each Revolving Lender acknowledges
and agrees that its obligation to acquire participations in Swingline Loans pursuant to this paragraph is absolute and unconditional and shall not be affected by any circumstance whatsoever, including the occurrence and continuance of a Default or
reduction or termination of the Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever (provided that such payment shall not cause such Lender’s Revolving Exposure to
exceed such Lender’s Revolving Commitment). Each Revolving Lender shall comply with its obligation under this paragraph by wire transfer of immediately available funds, in the same manner as provided in Section 2.02(f) with respect
to Loans made by such Lender (and Section 2.02 shall apply, mutatis mutandis, to the payment obligations of the Revolving Lenders), and the Administrative Agent shall promptly pay to the Swingline Lender the amounts so received by
it from the Revolving Lenders. The Administrative Agent shall notify Borrower of any participations in any Swingline Loan acquired pursuant to this paragraph, and thereafter payments in respect of such Swingline Loan shall be made to the
Administrative Agent and not to the Swingline Lender. Any amounts received by the Swingline Lender from Borrower (or other party on behalf of Borrower) in respect of a Swingline Loan after receipt by the Swingline Lender of the proceeds of a sale of
participations therein shall be promptly remitted to the Administrative Agent; any such amounts received by the Administrative Agent shall be promptly remitted by the Administrative Agent to the Revolving Lenders that shall have made their payments
pursuant to this paragraph and to the Swingline Lender, as their interests may appear. The purchase of participations in a Swingline Loan pursuant to this paragraph shall not relieve Borrower of any default in the payment thereof. 

 

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 SECTION 2.18 Letters of Credit. 

(a) General. Subject to the terms and conditions set forth herein, Borrower may request the issuance of Letters of
Credit by the Issuing Bank for Borrower’s account or the account of any Subsidiary Guarantor in a form reasonably acceptable to the Administrative Agent and the Issuing Bank and the Issuing Bank hereby agrees to issue such Letters of Credit, at
any time and from time to time during the Revolving Availability Period and otherwise pursuant to the terms and conditions hereof (provided that Borrower shall be a co-applicant with respect to each Letter of Credit issued for the account of
or for the benefit of any Subsidiary Guarantor). The Issuing Bank shall have no obligation to issue, and the Borrower shall not request the issuance of, any Letters of Credit at any time if, after giving effect to such issuance, the LC Exposure
would exceed the LC Commitment or the total Revolving Exposure would exceed the lesser of (A) the total Revolving Commitments and (B) the Borrowing Base then in effect. In the event of any inconsistency between the terms and conditions of
this Agreement and the terms and conditions of any form of letter of credit application or other agreement submitted by Borrower to, or entered into by Borrower with, the Issuing Bank relating to any Letter of Credit, the terms and conditions of
this Agreement shall control. 
 (b) Request for Issuance, Amendment, Renewal, Extension; Certain
Conditions. To request the issuance of a Letter of Credit or the amendment, renewal or extension of an outstanding Letter of Credit, Borrower shall hand deliver or fax (or transmit by electronic communication, if arrangements for doing so have
been approved by the Issuing Bank) an LC Request to the Issuing Bank and the Administrative Agent not later than 11:00 a.m. on the third Business Day preceding the requested date of issuance, amendment, renewal or extension (or such later date and
time as is acceptable to the Issuing Bank). A request for an initial issuance of a Letter of Credit shall specify in form and detail satisfactory to the Issuing Bank: (i) the proposed issuance date of the requested Letter of Credit (which shall
be a Business Day); (ii) the amount thereof; (iii) the expiry date thereof; (iv) the name and address of the beneficiary thereof; (v) the documents to be presented by such beneficiary in case of any drawing thereunder;
(vi) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder; and (vii) such other matters as the Issuing Bank may require. A request for an amendment, renewal or extension of any outstanding
Letter of Credit shall specify in form and detail satisfactory to the Issuing Bank (i) the Letter of Credit to be amended, renewed or extended; (ii) the proposed date of amendment, renewal or extension thereof (which shall be a Business
Day); (iii) the nature of the proposed amendment, renewal or extension; and (iv) such other matters as the Issuing Bank may require. If requested by the Issuing Bank, Borrower also shall submit a letter of credit application on the Issuing
Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit Borrower shall be
deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the LC Exposure shall not exceed $8.0 million, (ii) the total Revolving Exposures shall not exceed the lesser of (A) the
total Revolving Commitments minus any Line Reserve and (B) the Borrowing Base then in effect and (iii) the conditions set forth in Article IV in respect of such issuance, amendments, renewal or extension shall have

  

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been satisfied. Unless the Issuing Bank shall agree otherwise, no Letter of Credit shall be in an initial amount less than $75,000, in the case of a Commercial Letter of Credit, or $100,000, in
the case of a Standby Letter of Credit. 
 (c) Expiration Date. Each Letter of Credit
shall expire at or prior to the close of business on the earlier of (i) in the case of a Standby Letter of Credit, (x) the date which is not more than one year after the date of the issuance of such Standby Letter of Credit (or, in the
case of any renewal or extension thereof, one year after such renewal or extension) and (y) the Letter of Credit Expiration Date and (ii) in the case of a Commercial Letter of Credit, (x) the date that is not more than 180 days after
the date of issuance of such Commercial Letter of Credit (or, in the case of any renewal or extension thereof, 180 days after such renewal or extension) and (y) the Letter of Credit Expiration Date. 

(d) Participations. By the issuance of a Letter of Credit (or an amendment to a Letter of Credit increasing the
amount thereof) and without any further action on the part of the Issuing Bank or the Lenders, the Issuing Bank hereby grants to each Revolving Lender, and each Revolving Lender hereby acquires from the Issuing Bank, a participation in such Letter
of Credit equal to such Lender’s Pro Rata Percentage of the aggregate amount available to be drawn under such Letter of Credit. In consideration and in furtherance of the foregoing, each Revolving Lender hereby absolutely and unconditionally
agrees to pay to the Administrative Agent, for the account of the Issuing Bank, such Lender’s Pro Rata Percentage of each LC Disbursement made by the Issuing Bank and not reimbursed by Borrower on the date due as provided in paragraph
(e) of this Section 2.18, or of any reimbursement payment required to be refunded to Borrower for any reason. Each Lender acknowledges and agrees that its obligation to acquire participations pursuant to this paragraph in
respect of Letters of Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including any amendment, renewal or extension of any Letter of Credit or the occurrence and continuance of a Default or reduction or
termination of the Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever. 

(e) Reimbursement. If the Issuing Bank shall make any LC Disbursement in respect of a Letter of Credit, Borrower
shall reimburse such LC Disbursement by paying to the Issuing Bank an amount equal to such LC Disbursement not later than 2:00 p.m., New York City time, on the date that such LC Disbursement is made, if Borrower shall have received notice of such LC
Disbursement prior to 11:00 a.m., New York City time, on such date, or, if such notice has not been received by Borrower prior to such time, on such date, then not later than 2:00 p.m., New York City time on (i) the Business Day that Borrower
receives such notice, if such notice is received prior to 11:00 a.m., New York City time, on the day of receipt, or (ii) the Business Day immediately following the day that Borrower receives such notice, if such notice is not received prior to
such time on the day of receipt; provided that Borrower may, subject to the conditions to borrowing set forth herein, request in accordance with Section 2.03 or 2.17 that such payment be financed with an ABR Borrowing or
Swingline Loan in an equivalent amount and, to the extent so financed, Borrower’ obligation to make such payment shall be discharged and 

 

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replaced by the resulting ABR Borrowing or Swingline Loan. If Borrower fails to make such payment when due, the Issuing Bank shall notify the Administrative Agent and the Administrative Agent
shall notify each Revolving Lender of the applicable LC Disbursement, the payment then due from Borrower in respect thereof and such Lender’s Pro Rata Percentage thereof. Promptly following receipt of such notice, each Revolving Lender shall
pay to the Administrative Agent its Pro Rata Percentage of the unreimbursed LC Disbursement in the same manner as provided in Section 2.02(f) with respect to Loans made by such Lender, and the Administrative Agent shall promptly pay to
the Issuing Bank the amounts so received by it from the Revolving Lenders. Promptly following receipt by the Administrative Agent of any payment from Borrower pursuant to this paragraph, the Administrative Agent shall, to the extent that Revolving
Lenders have made payments pursuant to this paragraph to reimburse the Issuing Bank, distribute such payment to such Lenders and the Issuing Bank as their interests may appear. Any payment made by a Revolving Lender pursuant to this paragraph to
reimburse the Issuing Bank for any LC Disbursement (other than the funding of ABR Loans or a Swingline Loan as contemplated above) shall not constitute a Loan and shall not relieve Borrower of their obligation to reimburse such LC Disbursement.

 (f) Obligations Absolute. The obligation of Borrower to reimburse LC Disbursements as provided in
paragraph (e) of this Section 2.18 shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement under any and all circumstances whatsoever and irrespective
of (i) any lack of validity or enforceability of any Letter of Credit or this Agreement, or any term or provision therein, (ii) any draft or other document presented under a Letter of Credit proving to be forged, fraudulent or invalid in
any respect or any statement therein being untrue or inaccurate in any respect, (iii) payment by the Issuing Bank under a Letter of Credit against presentation of a draft or other document that does not comply with the terms of such Letter of
Credit, or (iv) any other event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of this Section 2.18, constitute a legal or equitable discharge of, or provide a right of
setoff against, the obligations of Borrower hereunder. Neither the Administrative Agent, the Lenders nor the Issuing Bank, nor any of their Affiliates, shall have any liability or responsibility by reason of or in connection with the issuance or
transfer of any Letter of Credit or any payment or failure to make any payment thereunder (irrespective of any of the circumstances referred to in the preceding sentence), or any error, omission, interruption, loss or delay in transmission or
delivery of any draft, notice or other communication under or relating to any Letter of Credit (including any document required to make a drawing thereunder), any error in interpretation of technical terms or any consequence arising from causes
beyond the control of the Issuing Bank; provided that the foregoing shall not be construed to excuse the Issuing Bank from liability to Borrower to the extent of any direct damages (as opposed to consequential damages, claims in respect of
which are hereby waived by Borrower to the extent permitted by applicable law) suffered by Borrower that are caused by the Issuing Bank’s failure to exercise care when determining whether drafts and other documents presented under a Letter of
Credit comply with the terms thereof. The parties hereto expressly agree that, in the absence of gross negligence or willful misconduct on the part of the Issuing Bank (as finally determined by a court of competent jurisdiction), the Issuing Bank
shall be 
  

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deemed to have exercised care in each such determination. In furtherance of the foregoing and without limiting the generality thereof, the parties agree that, with respect to documents presented
which appear on their face to be in substantial compliance with the terms of a Letter of Credit, the Issuing Bank may, in its sole discretion, either accept and make payment upon such documents without responsibility for further investigation,
regardless of any notice or information to the contrary, or refuse to accept and make payment upon such documents if such documents are not in strict compliance with the terms of such Letter of Credit. 

(g) Disbursement Procedures. The Issuing Bank shall, promptly following its receipt thereof, examine all documents
purporting to represent a demand for payment under a Letter of Credit. The Issuing Bank shall promptly notify the Administrative Agent and Borrower by telephone (confirmed by fax) of such demand for payment and whether the Issuing Bank has made or
will make an LC Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve Borrower of its obligation to reimburse the Issuing Bank and the Revolving Lenders with respect to any such LC
Disbursement (other than with respect to the timing of such reimbursement obligation set forth in Section 2.18(e)). 

(h) Interim Interest. If the Issuing Bank shall make any LC Disbursement, then, unless Borrower shall reimburse
such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that Borrower reimburses such LC
Disbursement, at the rate per annum then applicable to ABR Loans; provided that, if Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section 2.18, then
Section 2.06(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph
(e) of this Section 2.18 to reimburse the Issuing Bank shall be for the account of such Lender to the extent of such payment. 

(i) Resignation or Removal of the Issuing Bank. The Issuing Bank may resign as Issuing Bank hereunder at any time
upon at least 30 days’ prior notice to the Lenders, the Administrative Agent and Borrower. The Issuing Bank may be replaced at any time by written agreement among Borrower, the Administrative Agent, the replaced Issuing Bank and the successor
Issuing Bank. One or more Lenders may be appointed as additional Issuing Banks in accordance with subsection (k) below. The Administrative Agent shall notify the Lenders of any such replacement of the Issuing Bank or any such additional
Issuing Bank. At the time any such resignation or replacement shall become effective, Borrower shall pay all unpaid fees accrued for the account of the replaced Issuing Bank pursuant to Section 2.05(c). From and after the effective date
of any such resignation or replacement or addition, as applicable, (i) the successor or additional Issuing Bank shall have all the rights and obligations of the Issuing Bank under this Agreement with respect to Letters of Credit to be issued
thereafter and (ii) references herein to the term “Issuing Bank” shall be deemed to refer to such successor or such additional Issuing Bank or to any previous Issuing Bank, or to such successor or such additional Issuing Bank
and all previous Issuing Banks, as the context shall require. 
  

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After the resignation or replacement of an Issuing Bank hereunder, the replaced Issuing Bank shall remain a party hereto and shall continue to have all the rights and obligations of an Issuing
Bank under this Agreement with respect to Letters of Credit issued by it prior to such resignation or replacement, but shall not be required to issue additional Letters of Credit. If at any time there is more than one Issuing Bank hereunder,
Borrower may, in its discretion, select which Issuing Bank is to issue any particular Letter of Credit. 
 (j)
Cash Collateralization. If any Event of Default shall occur and be continuing, on the Business Day that Borrower receives notice from the Administrative Agent or the Required Lenders (or, if the maturity of the Loans has been accelerated,
Revolving Lenders with LC Exposure representing greater than 50% of the total LC Exposure) demanding the deposit of cash collateral pursuant to this paragraph, Borrower shall deposit in the Cash Collateral Account, in the name of the Collateral
Agent and for the benefit of the Secured Parties, an amount in cash equal to the LC Exposure as of such date plus any accrued and unpaid interest thereon; provided that the obligation to deposit such cash collateral shall become
effective immediately, and such deposit shall become immediately due and payable, without demand or other notice of any kind, upon the occurrence of any Event of Default with respect to Borrower described in clause (g) or
(h) of Article VIII. Each such deposit shall be held by the Collateral Agent in a Cash Collateral Account pursuant to Section 9.01, as collateral for the payment and performance of the obligations of Borrower under
this Agreement. The Collateral Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account. Other than any interest earned on the investment of such deposits (which investments shall be made solely
in cash and Cash Equivalents, and at the option and sole discretion of the Collateral Agent, and at the risk and expense of Borrower) such deposits shall not bear interest. Interest or profits, if any, on such investments shall accumulate in such
account. Moneys in such account shall be applied by the Collateral Agent to reimburse the Issuing Bank for LC Disbursements for which it has not been reimbursed and, to the extent not so applied, shall be held for the satisfaction of the
reimbursement obligations of Borrower for the LC Exposure at such time or, if the maturity of the Loans has been accelerated (but subject to the consent of Revolving Lenders with LC Exposure representing greater than 50% of the total LC Exposure),
be applied to satisfy other Obligations of Borrower under this Agreement. If Borrower is required to provide an amount of cash collateral hereunder as a result of the occurrence of an Event of Default, such amount plus any accrued interest or
realized profits of such amounts (to the extent not applied as aforesaid) shall be returned to Borrower within three (3) Business Days after all Events of Default have been cured or waived. If Borrower is required to provide an amount of such
collateral hereunder pursuant to Section 2.10(b), such amount plus any accrued interest or realized profits on account of such amount (to the extent not applied as aforesaid) shall be returned to Borrower as and to the extent
that, after giving effect to such return, Borrower would remain in compliance with Section 2.10(b) and no Default or Event of Default shall have occurred and be continuing. 

(k) Additional Issuing Banks. Borrower may, at any time and from time to time with the consent of the
Administrative Agent (which consent shall not be 
  

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unreasonably withheld) and such Lender, designate one or more additional Lenders to act as an issuing bank under the terms of this Agreement. Any Lender designated as an issuing bank pursuant to
this paragraph (k) shall be deemed (in addition to being a Lender) to be the Issuing Bank with respect to Letters of Credit issued or to be issued by such Lender, and all references herein and in the other Loan Documents to the term
“Issuing Bank” shall, with respect to such Letters of Credit, be deemed to refer to such Lender in its capacity as Issuing Bank, as the context shall require. 

(l) No Obligation to Issue Under Certain Circumstances. The Issuing Bank shall be under no obligation to issue any
Letter of Credit if: 
 (i) any order, judgment or decree of any Governmental Authority or arbitrator shall by
its terms purport to enjoin or restrain the Issuing Bank from issuing such Letter of Credit, or any law applicable to the Issuing Bank or any request or directive (whether or not having the force of law) from any Governmental Authority with
jurisdiction over the Issuing Bank shall prohibit, or request that the Issuing Bank refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or shall impose upon the Issuing Bank with respect to such Letter of
Credit any restriction, reserve or capital requirement (for which the Issuing Bank is not otherwise compensated hereunder) not in effect on the Closing Date, or shall impose upon the Issuing Bank any unreimbursed loss, cost or expense which was not
applicable on the Closing Date and which the Issuing Bank in good faith deems material to it; or 
 (ii) the
issuance of such Letter of Credit would violate one or more policies of the Issuing Bank. 
 (m) No Obligation
to Amend Under Certain Circumstances. The Issuing Bank shall be under no obligation to amend any Letter of Credit if (A) the Issuing Bank would have no obligation at such time to issue such Letter of Credit in its amended form under the
terms hereof, or (B) the beneficiary of such Letter of Credit does not accept the proposed amendment to such Letter of Credit. 

(n) Outstanding Letters of Credit. The letters of credit set forth on Schedule 2.18(n) (the “Outstanding
Letters of Credit”) were originally issued under the Existing Credit Agreement and remain outstanding as of the Closing Date. Each of the Borrower, each Guarantor, each Lender and the Issuing Bank hereby agree that with respect to the
Outstanding Letters of Credit, for all purposes of this Agreement, such Outstanding Letters of Credit shall constitute Letters of Credit hereunder. Each Lender agrees to participate in each Outstanding Letter of Credit issued by the Issuing Bank in
an amount equal to its Pro Rata Percentage of the stated amount of such Outstanding Letter of Credit. 
 SECTION 2.19
Determination of Borrowing Base. 
 (a) Eligible Accounts. On any date of determination of the
Borrowing Base, all of the Accounts owned by Borrower and each Subsidiary Guarantor, as applicable, 
  

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and reflected in the most recent Borrowing Base Certificate delivered by the Borrower to the Collateral Agent and the Administrative Agent shall be “Eligible Accounts” for the purposes
of this Agreement, except any Account to which any of the exclusionary criteria set forth below applies. In addition, the Collateral Agent and the Administrative Agent reserve the right, at any time and from time to time after the Third Amendment
Effective Date, to adjust any of the criteria set forth below, to establish new criteria and to adjust the applicable advance rate with respect to Eligible Accounts, in their collective reasonable credit judgment, subject to the approval of the
Required Lenders in the case of adjustments or new criteria which have the effect of making more credit available and, in the case of any increase in the applicable advance rates, the Supermajority Lenders. Eligible Accounts shall not include any of
the following Accounts: 
 (i) any Account in which the Collateral Agent, on behalf of the Secured Parties, does
not have a first priority and perfected Lien subject to Permitted Liens described in Sections 6.02(a), (b), and (e); 

(ii) any Account that is not owned by Borrower or a Subsidiary Guarantor; 

(iii) any Account due from an Account Debtor that is not domiciled in the United States or Canada and (if not a natural
Person) organized under the laws of the United States or Canada or any political subdivision of the foregoing; 

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

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

(vii) any Account (a) upon which Borrower’s right to receive payment is not absolute or is contingent upon the
fulfillment of any condition whatsoever unless such condition is satisfied or (b) as to which Borrower, is not able to bring suit or otherwise enforce its remedies against the Account Debtor through judicial or administrative process or
(c) that represents a progress billing consisting of an invoice for goods sold or used or services rendered pursuant to a contract under which the Account Debtor’s obligation to pay that invoice is subject to Borrower’s, as
applicable, completion of further performance under such contract or is subject to the equitable lien of a surety bond issuer; 

(viii) to the extent that any defense, counterclaim, setoff or dispute is asserted as to such Account, it being understood
that the remaining balance of the Account shall be eligible; 
  

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 (ix) any Account that is not a true and correct statement of bona fide
indebtedness incurred in the amount of the Account for merchandise sold to or services rendered and accepted by the applicable Account Debtor; 

(x) any Account with respect to which an invoice or other electronic transmission constituting a request for payment,
reasonably acceptable to the Collateral Agent in form and substance, has not been sent on a timely basis to the applicable Account Debtor according to the normal invoicing and timing procedures of Borrower or such Subsidiary Guarantor, as
applicable, including, without limitation, unbilled sales listed in the “future” column of any due date aging report; 

(xi) any Account that (A) arises from a sale to any director, officer, other employee or Affiliate of Borrower or such
Subsidiary Guarantor, or to any entity that has any common officer or director with Borrower or such Subsidiary Guarantor, to the extent that the aggregate amounts of such Accounts exceeds $250,000 of (B) that arises from a sale from any Loan Party
to any other Loan Party; 
 (xii) to the extent Borrower or any Subsidiary is liable for goods sold or services
rendered by the applicable Account Debtor to Borrower or any Subsidiary but only to the extent of the potential offset; 

(xiii) any Account that arises with respect to goods that are delivered on a bill-and-hold, cash-on-delivery basis or
placed on consignment, guaranteed sale or other terms by reason of which the payment by the Account Debtor is or may be conditional; 

(xiv) any Account that is in default; provided that, without limiting the generality of the foregoing, an Account
shall be deemed in default upon the occurrence of any of the following: 
 (A) any Account not paid within 120
days following its original invoice date or that is more than 60 days past due according to its original terms of sale; or 

(B) the Account Debtor obligated upon such Account suspends business, makes a general assignment for the benefit of
creditors or fails to pay its debts generally as they come due; or 
 (C) a petition is filed by or against any
Account Debtor obligated upon such Account under any bankruptcy law or any other federal, state or foreign (including any provincial) receivership, insolvency relief or other law or laws for the relief of debtors; 

(xv) any Account that is the obligation of an Account Debtor (other than an individual) if 50% or more of the Dollar
amount of all Accounts owing by that Account Debtor are ineligible under the other criteria set forth in this Section 2.19(a); 
  

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 (xvi) any Account as to which any of the representations or warranties in
the Loan Documents are untrue in any material respect (without duplication of any materiality qualifier contained therein); 

(xvii) to the extent such Account is evidenced by a judgment, Instrument or Chattel Paper; 

(xviii) to the extent such Account exceeds any credit limit established by the Collateral Agent, in its reasonable credit
judgment, following prior notice of such limit by the Collateral Agent to the Borrower; 
 (xix) that portion of
any Account (a) in respect of which there has been, or should have been, established by Borrower or such Subsidiary Guarantor a contra account, whether in respect of contractual allowances with respect to such Account, audit adjustment, anticipated
discounts or otherwise, or (b) which is due from an Account Debtor to whom Borrower or such Subsidiary Guarantor owes a trade payable (unless a “no-offset” agreement in form and substance reasonably satisfactory to the Collateral Agent
shall have been executed by such Account Debtor), but only to the extent of such trade payable or (c) which Borrower or such Subsidiary Guarantor knows is subject to the exercise by an Account Debtor of any right of recession, set-off, recoupment,
counterclaim or defense; 
 (xx) that portion of any Account to the extent representing sales tax; or 

(xxi) any Account on which the Account Debtor is a Governmental Authority, unless Borrower or such Subsidiary Guarantor,
as applicable, has assigned its rights to payment of such Account to the Administrative Agent pursuant to the Assignment of Claims Act of 1940, as amended, in the case of a federal Governmental Authority, and pursuant to applicable law, if any, in
the case of any other Governmental Authority, and such assignment has been accepted and acknowledged by the appropriate government officers. 

(b) Eligible Inventory. For purposes of this Agreement, Eligible Inventory shall exclude any Inventory to which any
of the exclusionary criteria set forth below applies. The Collateral Agent shall have the right to establish, modify or eliminate Reserves against Eligible Inventory from time to time in its reasonable credit judgment. In addition, the Collateral
Agent and the Administrative Agent reserve the right, at any time and from time to time after the Third Amendment Effective Date, to adjust any of the criteria set forth below, to establish new criteria and to adjust the applicable advance rate with
respect to Eligible Inventory, in their collective reasonable credit judgment, subject to the approval of the Required Lenders in the case of adjustments or new criteria or the elimination of Reserves which have the effect of making more credit
available and, in the case of any increase in the applicable advance rates, the Supermajority Lenders. Eligible Inventory shall not include any Inventory of Borrower or any Subsidiary Guarantor that: 

(i) the Collateral Agent, on behalf of Secured Parties, does not have a first priority and perfected Lien on such
Inventory subject to Permitted Liens described in Sections 6.02(a), 6.02(b) and 6.02(e); 
  

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 (ii) (a) that is stored at a location where the aggregate value of Inventory
exceeds $50,000 unless the Collateral Agent has given its prior consent thereto and unless either (x) a reasonably satisfactory Landlord Lien Waiver and Access Agreement has been delivered to the Collateral Agent, or (y) Reserves reasonably
satisfactory to the Collateral Agent have been established with respect thereto or (b) is stored with a bailee or warehouseman where the aggregate value of Inventory exceeds $50,000 unless either (x) a reasonably satisfactory, acknowledged bailee
waiver letter has been received by the Collateral Agent or (y) Reserves reasonably satisfactory to the Collateral Agent have been established with respect thereto, or (c) is located at an owned location subject to a mortgage in favor of a lender
other than the Collateral Agent where the aggregate value of Inventory exceeds $50,000 unless either (x) a reasonably satisfactory mortgagee waiver has been delivered to the Collateral Agent or (y) Reserves reasonably satisfactory to the Collateral
Agent have been established with respect thereto; 
 (iii) is placed on consignment, unless a valid consignment
agreement which is reasonably satisfactory to Collateral Agent is in place with respect to such Inventory; 

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

(v) is to be returned to suppliers; 

(vi) is obsolete, unsalable, shopworn, seconds, damaged or unfit for sale; 

(vii) consists of display items, samples or packing or shipping materials (excluding specialty packing and shipping
materials used to ship products to customers with an aggregate value not to exceed $8.0 million at any time during the months of August, September, October, November and December and $6.0 million at any other time), manufacturing supplies,
work-in-process Inventory (excluding deferred growing costs for Harry & David Operations, Inc. for the current year harvest, and excluding other work-in-process that the Collateral Agent determines in its reasonable credit judgment should not be
excluded from “Eligible Inventory” as a consequence of its work-in-process status) or replacement parts; 
  

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 (viii) is not of a type held for sale in the ordinary course of
Borrower’s or such Subsidiary Guarantor’s, as applicable, business; 
 (ix) breaches any of the
representations or warranties pertaining to Inventory set forth in the Loan Documents in any material respect (without duplication of any materiality qualifier contained therein); 

(x) consists of Hazardous Material or goods that can be transported or sold only with licenses that are not readily
available (other than alcoholic beverages to the extent determined in the most recent Inventory Appraisal to be capable of being liquidated by the Collateral Agent); 

(xi) is not covered by casualty insurance maintained as required by Section 5.04; or 

(xii) is subject to any licensing arrangement the effect of which would be to limit the ability of Collateral Agent, or
any Person selling the Inventory on behalf of Collateral Agent, to sell such Inventory in enforcement of the Collateral Agent’s Liens, without further consent or payment to the licensor or other. 

(c) Eligible Equipment and Eligible Real Property. The Collateral Agent shall have the right to establish, modify
or eliminate Reserves against Eligible Equipment and Eligible Real Property from time to time in its reasonable credit judgment. In addition, the Collateral Agent reserves the right, at any time and from time to time after the Third Amendment
Effective Date, to adjust any of the criteria set forth in the definitions of the terms “Eligible Equipment” and “Eligible Real Property”, to establish new criteria and to adjust the applicable advance rate with respect to
Eligible Equipment or Eligible Real Property, in its reasonable credit judgment, subject to the approval of the Administrative Agent and the Supermajority Lenders in the case of adjustments, new criteria, changes in the applicable advance rate or
the elimination of Reserves which have the effect of making more credit available. Any Equipment affixed to the Mortgaged Real Property listed on Schedule 1.01(d), if otherwise eligible hereunder, shall be deemed Eligible Equipment
rather than Eligible Real Property. 
 (d) Notice of Changes in Borrowing Base. With respect to the
establishment or modification of any Reserve, a change of any eligibility criteria, or a change in any of the advance rates with respect to any Collateral comprising a part of the Borrowing Base, the Collateral Agent shall endeavor to provide the
Borrower with at least two (2) Business Days’ prior notice thereof; provided that the failure of the Collateral Agent to provide any such notice shall not affect the application of any such action or impose any liability of any kind on the
Collateral Agent. 
 SECTION 2.20 Defaulting Lenders. Notwithstanding any provision of this Agreement to the contrary, if
any Lender becomes a Defaulting Lender, then the following provisions shall apply for so long as such Lender is a Defaulting Lender: 

(a) the Commitment Fee shall cease to accrue on the Commitment of such Lender so long as it is a Defaulting Lender (except
to the extent it is payable to the Issuing Bank pursuant to clause (c)(v) below); 
  

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 (b) if any Swingline Exposure or LC Exposure exists at the time a Lender
becomes a Defaulting Lender then: 
 (i) all or any part of such Swingline Exposure and LC Exposure shall be
reallocated among the non-Defaulting Lenders in accordance with their respective Pro Rata Percentages but only to the extent the sum of all non-Defaulting Lenders’ Revolving Exposures plus such Defaulting Lender’s Swingline Exposure and LC
Exposure does not exceed the lesser of the total of all non-Defaulting Lenders’ Revolving Commitments and the Borrowing Base; 

(ii) if the reallocation described in clause (i) above cannot, or can only partially, be effected, Borrower shall within
one Business Day following notice by the Administrative Agent (x) first, prepay such Defaulting Lender’s Swingline Exposure and (y) second, cash collateralize such Defaulting Lender’s LC Exposure (after giving effect to any partial
reallocation pursuant to clause (i) above) in accordance with the procedures set forth in Section 2.18(j) for so long as such LC Exposure is outstanding; 

(iii) if any portion of such Defaulting Lender’s LC Exposure is cash collateralized pursuant to clause (ii)
above, Borrower shall not be required to pay the LC Participation Fee with respect to such portion of such Defaulting Lender’s LC Exposure so long as it is cash collateralized; 

(iv) if any portion of such Defaulting Lender’s LC Exposure is reallocated to the non-Defaulting Lenders pursuant to
clause (i) above, then the LC Participation Fee with respect to such portion shall be allocated among the non-Defaulting Lenders in accordance with their Pro Rata Percentages; or 

(v) if any portion of such Defaulting Lender’s LC Exposure is neither cash collateralized nor reallocated pursuant to
this Section 2.20 (b), then, without prejudice to any rights or remedies of the Issuing Bank or any Lender hereunder, the Commitment Fee that otherwise would have been payable to such Defaulting Lender (with respect to the portion of such
Defaulting Lender’s Revolving Commitment that was utilized by such LC Exposure) and the LC Participation Fee payable with respect to such Defaulting Lender’s LC Exposure shall be payable to the Issuing Bank until such LC Exposure is cash
collateralized and/or reallocated; 
 (c) so long as any Lender is a Defaulting Lender, the Swingline Lender
shall not be required to fund any Swingline Loan and the Issuing Bank shall not be required to issue, amend or increase any Letter of Credit, unless it is satisfied that the related exposure will be 100% covered by the Revolving Commitments of the
non-Defaulting Lenders and/or cash collateralized in accordance with Section 2.20(b), and participations in any such newly issued or increased Letter of Credit or newly made Swingline Loan shall be allocated among non-Defaulting Lenders
in accordance with their respective Pro Rata Percentages (and Defaulting Lenders shall not participate therein); and 
  

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 (d) any amount payable to such Defaulting Lender hereunder (whether on
account of principal, interest, fees or otherwise and including any amount that would otherwise be payable to such Defaulting Lender pursuant to Section 2.14(d) but excluding Section 2.16(b)) may, in lieu of being distributed to such
Defaulting Lender, be retained by the Administrative Agent in a segregated non-interest bearing account and, subject to any applicable Requirements of Law, be applied at such time or times as may be determined by the Administrative Agent (i)
first, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent hereunder, (ii) second, pro rata, to the payment of any amounts owing by such Defaulting Lender to the Issuing Bank or Swingline
Lender hereunder, (iii) third, to the funding of any Loan or the funding or cash collateralization of any participation in any Swingline Loan or Letter of Credit in respect of which such Defaulting Lender has failed to fund its portion
thereof as required by this Agreement, as determined by the Administrative Agent, (iv) fourth, if so determined by the Administrative Agent and Borrower, held in such account as cash collateral for future funding obligations of the Defaulting
Lender under this Agreement, (v) fifth, pro rata, to the payment of any amounts owing to Borrower or the Lenders as a result of any judgment of a court of competent jurisdiction obtained by Borrower or any Lender against such
Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement and (vi) sixth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if
such payment is (x) a prepayment of the principal amount of any Loans or Reimbursement Obligations in respect of LC Disbursements which a Defaulting Lender has funded its participation obligations and (y) made at a time when the conditions set forth
in Section 4.02 are satisfied, such payment shall be applied solely to prepay the Loans of, and Reimbursement Obligations owed to, all non-Defaulting Lenders pro rata prior to being applied to the prepayment of any Loans, or
Reimbursement Obligations owed to, any Defaulting Lender. 
 In the event that the Administrative Agent, Borrower, the Issuing
Bank or the Swingline Lender, as the case may be, each agrees that a Defaulting Lender has adequately remedied all matters that caused such Lender to be a Defaulting Lender, then the Swingline Exposure and LC Exposure of the Lenders shall be
readjusted to reflect the inclusion of such Lender’s Commitment and on such date such Lender shall purchase at par such of the Loans of the other Lenders as the Administrative Agent shall determine may be necessary in order for such Lender to
hold such Loans in accordance with its Pro Rata Percentage. The rights and remedies against a Defaulting Lender under this Section 2.20 are in addition to other rights and remedies that Borrower, the Administrative Agent, the Issuing
Bank, the Swingline Lender and the non-Defaulting Lenders may have against such Defaulting Lender. The arrangements permitted or required by this Section 2.20 shall be permitted under this Agreement, notwithstanding any limitation on
Liens or the pro rata sharing provisions or otherwise. 
  

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 SECTION 2.21 Increase in Commitments. 

(a) Borrower Request. Borrower may by written notice to the Administrative Agent elect to request, prior to the
Revolving Maturity Date, an increase to the existing Revolving Commitments by an amount not in excess of $20.0 million in the aggregate for all such requests and not less than $5.0 million in the case of any individual request. Each such notice
shall specify (i) the date (each, an “Increase Effective Date”) on which Borrower proposes that the increased or new Commitments shall be effective, which shall be a date not less than 10 Business Days after the date on which such
notice is delivered to the Administrative Agent and (ii) the identity of each Person (which shall be a Person to whom Commitments or Loans may be assigned pursuant to Section 11.04(b)) to whom Borrower proposes any portion of such increased
or new Commitments be allocated and the amounts of such allocations; provided that any existing Lender approached to provide all or a portion of the increased or new Commitments may elect or decline, in its sole discretion, to provide such
increased or new Commitment. 
 (b) Conditions. The increased or new Commitments shall become effective,
as of such Increase Effective Date; provided that: 
 (i) each of the conditions set forth in Section
4.02(b) and (c) shall be satisfied as if the increase were deemed to be a Credit Extension made on such date; 

(ii) if Available Cash as of December
31st of the calendar year most recently preceding such
Increase Effective Date (or on such date if such Increase Effective Date occurs on December
31st) is less than $50 million and if Borrower is making a
Borrowing or any Loan Party is consummating a Permitted Acquisition, in each case on such Increase Effective Date, after giving pro forma effect to the Borrowings, if any, to be made on the Increase Effective Date and to any change in
Consolidated EBITDA and any increase in Indebtedness resulting from the consummation of such Permitted Acquisition, Borrower shall be in compliance with the covenant set forth in Section 6.08(a) as of the end of the Test Period specified in
Section 6.08(a) on such a pro forma basis and in respect of such December
31st date occurring on or prior to such Increase Effective
Date; 
 (iii) Borrower shall make any payments required pursuant to Section 2.13 in connection with any
adjustment of Revolving Loans pursuant to Section 2.21(d); and 
 (iv) Borrower shall deliver or cause to
be delivered any legal opinions or other documents reasonably requested by the Administrative Agent in connection with any such transaction. 

(c) Terms of New Loans and Commitments. The terms and provisions of Revolving Loans made pursuant to new
Commitments shall be identical to the Revolving Loans. The increased or new Commitments shall be effected by a joinder agreement (the “Increase Joinder”) executed by Borrower, the Administrative Agent and each Lender making such
increased or new Commitment, in form and substance satisfactory to each of them. The Increase Joinder may, without the consent of any other Lenders, effect such amendments to this Agreement and the other Loan Documents (other than amendments that
would be adverse to the interests of the Lenders) as may be necessary or appropriate, in the opinion of the Administrative Agent, to effect the provisions of this Section 2.21. In addition, unless otherwise specifically

  

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provided herein, all references in Loan Documents to Revolving Loans shall be deemed, unless the context otherwise requires, to include references to Revolving Loans made pursuant to new
Commitments made pursuant to this Agreement. 
 (d) Adjustment of Revolving Loans. Each Revolving Lender
that is acquiring a new or additional Revolving Commitment on the Increase Effective Date shall make a Revolving Loan, the proceeds of which will be used to prepay the Revolving Loans of the other Revolving Lenders immediately prior to such Increase
Effective Date, so that, after giving effect thereto, the Revolving Loans outstanding are held by the Revolving Lenders pro rata based on their Revolving Commitments after giving effect to such Increase Effective Date. If there is a new
borrowing of Revolving Loans on such Increase Effective Date, the Revolving Lenders after giving effect to such Increase Effective Date shall make such Revolving Loans in accordance with Section 2.01(b). 

(e) Equal and Ratable Benefit. The Loans and Commitments established pursuant to this paragraph shall constitute
Loans and Commitments under, and shall be entitled to all the benefits afforded by, this Agreement and the other Loan Documents, and shall, without limiting the foregoing, benefit equally and ratably from the Guarantees and security interests
created by the Security Documents. 
 ARTICLE III. 

REPRESENTATIONS AND WARRANTIES 

Each Loan Party represents and warrants to the Administrative Agent, the Collateral Agent, the Issuing Bank and each of the Lenders:

 SECTION 3.01 Organization; Powers. Each Company (a) is duly organized and validly existing under the laws of the
jurisdiction of its organization, (b) has all requisite corporate or other organization power and authority to carry on its business as now conducted and to own and lease its Property and (c) is qualified and in good standing (to the extent such
concept is applicable in the applicable jurisdiction) to do business in every jurisdiction where such qualification is required, except in such jurisdictions where the failure to so qualify or be in good standing, individually or in the aggregate,
could not reasonably be expected to result in a Material Adverse Effect. 
 SECTION 3.02 Authorization; Enforceability.
The Transactions to be entered into by each Loan Party are within such Loan Party’s corporate or other organization powers and have been duly authorized by all necessary action. This Agreement has been duly executed and delivered by each Loan
Party and constitutes, and each other Loan Document to which any Loan Party is to be a party, when executed and delivered by such Loan Party, will constitute, a legal, valid and binding obligation of such Loan Party, enforceable in accordance with
its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or
at law. 
 SECTION 3.03 Governmental Approvals; No Conflicts. Except as set forth on Schedule 3.03, the
Transactions (a) do not require any consent or approval of, registration or 
  

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filing with, or any other action by, any Governmental Authority, except (i) such as have been obtained or made and are in full force and effect, (ii) filings necessary to perfect Liens created
under the Loan Documents and (iii) consents, approvals, registrations, filings or actions the failure to obtain or perform which could not reasonably be expected to result in a Material Adverse Effect, (b) will not violate the charter, by-laws or
other organizational documents of any Company or any order of any Governmental Authority applicable to any Company or its assets, (c) will not violate, result in a default or require any consent or approval under any applicable law or regulation,
indenture, agreement or other instrument, in each case binding upon any Company or its assets, or give rise to a right thereunder to require any payment to be made by any Company, except for violations, defaults or the creation of such rights that
could not reasonably be expected to result in a Material Adverse Effect, and (d) will not result in the creation or imposition of any Lien on any Property of any Company, except Liens created under the Loan Documents and Permitted Liens. 

SECTION 3.04 Financial Statements. 

(a) Borrower has heretofore furnished to the Lenders the consolidated balance sheets and related statements of income,
stockholders’ equity and cash flows of Borrower and its consolidated Subsidiaries as of and for the fiscal year ended June 27, 2009, audited by and accompanied by the opinion of Ernst & Young LLP, independent public accountants certified by
the Chief Financial Officer of Holdings. Such financial statements and all financial statements delivered pursuant to Sections 5.01(a), (b) and (c) have been prepared in accordance with GAAP (subject in the case of each of
Section 5.01(b) and (c) to normal year-end audit adjustments) consistently applied and present fairly and accurately the financial condition and results of operations and cash flows of Holdings and its consolidated Subsidiaries as of
such dates and for such periods. Except as set forth in such financial statements or schedules hereto, there are no liabilities of any Company of any kind, whether accrued, contingent, absolute, determined, determinable or otherwise, which if unpaid
could reasonably be expected to result in a Material Adverse Effect, and there is no existing condition, situation or set of circumstances which could reasonably be expected to result in such a liability. 

(b) The forecasts of financial performance for a period of five years from the Third Amendment Effective Date of Holdings
and its Subsidiaries furnished to the Administrative Agent have been prepared in good faith by Holdings and based on assumptions believed by Holdings to be reasonable. 

(c) Since June 27, 2009, there has been no event, change or occurrence that, individually or in the aggregate, has had or
could reasonably be expected to result in a Material Adverse Effect. 
 SECTION 3.05 Properties.

(a) Each Company has good title to, or valid leasehold interests in, all its Property material to its business, except for
minor irregularities or deficiencies in title that, individually or in the aggregate, do not interfere in any material respect with its ability to conduct its business as currently conducted or to utilize such Property for its

  

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intended purpose. Title to all such Property held by such Company is free and clear of all Liens except for Permitted Liens. The Property of the Companies, taken as a whole, (i) is in good
operating order, condition and repair (ordinary wear and tear excepted) (except to the extent that the failure to be in such condition could not reasonably be expected to result in a Material Adverse Effect) and (ii) constitutes all the Property
which is required in any material respect for the business and operations of the Companies as presently conducted. 

(b) Schedule 3.05(b) contains a true and complete list of each interest in Real Property owned by any Company as of
the date hereof and describes the type of interest therein held by such Company. Schedule 3.05(b) contains a true and complete list of each Real Property leased, subleased or otherwise occupied or utilized by any Company, as lessee,
sublessee, franchisee or licensee, as of the date hereof and describes the type of interest therein held by such Company. 

(c) Each Company owns, or is licensed to use, all patents, patent applications, trademarks, trade names, servicemarks,
copyrights, technology, trade secrets, proprietary information, information technology, software, databases, domain names, know-how and processes necessary for the conduct of its business as currently conducted (the “Intellectual
Property”), except for those the failure to own or license which, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. No claim has been asserted and is pending by any Person challenging
or questioning the use of any Intellectual Property or the validity or effectiveness of any such Intellectual Property, nor does any Company know of any valid basis for any such claim except as would not reasonably be expected to have a Material
Adverse Effect. The use of such Intellectual Property by each Company does not infringe the rights of any Person, except for such claims and infringements that, individually or in the aggregate, could not reasonably be expected to result in a
Material Adverse Effect. Except pursuant to licenses and other user agreements entered into by each Loan Party in the ordinary course of business that are listed in Schedules 14(a) and 14(b) to the Perfection Certificate, on and as of
the date hereof (i) each Loan Party owns and possesses the right to use, and has done nothing to authorize or enable any other person to use, any copyright, patent or trademark (as such terms are defined in the Security Agreement) listed in
Schedules 14(a) and 14(b) to the Perfection Certificate delivered on the date hereof and (ii) all material registrations listed in Schedules 14(a) and 14(b) to the Perfection Certificate delivered on the date hereof are
valid and in full force and effect. To each Loan Party’s knowledge, on and as of the date hereof, there is no material violation by others of any right of such Loan Party with respect to any copyright, patent or trademark listed in Schedules
14(a) and 14(b) to the Perfection Certificate, respectively, pledged by it under the name of such Loan Party except as may be set forth on Schedule 3.05(c). 

(d) As of the date hereof, (i) no Company has received any notice of, nor has any knowledge of, the occurrence or pendency
or contemplation of any Casualty Event affecting all or any material portion of the Property and (ii) no Mortgage encumbers improved Real Property that is located in an area that has been identified by the Secretary of Housing and Urban Development
as an area having special flood hazards and with respect to which flood insurance has been made available under the National Flood Insurance Act of 1968. 
  

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 (e) The Equipment of each Company is in good repair, working order and
condition, reasonable wear and tear excepted. Each Company shall cause the Equipment to be maintained and preserved in good repair, working order and condition, reasonable wear and tear excepted, and shall as quickly as commercially practicable make
or cause to be made all repairs, replacements and other improvements to the Equipment, in each case which are necessary or appropriate in the conduct of each Company’s business. 

SECTION 3.06 Equity Interests and Subsidiaries. 

(a) Schedule 3.06(a) sets forth a list of (i) all the Subsidiaries and their jurisdiction of organization as of the
Closing Date and (ii) the number of shares of each class of its Equity Interests authorized, and the number outstanding (and the record holder of such Equity Interests), on the Closing Date and the number of shares covered by all outstanding
options, warrants, rights of conversion or purchase and similar rights at the Closing Date. All Equity Interests of each Company (other than Holdings) are duly and validly issued and are fully paid and non-assessable and are owned by Holdings or
Borrower, directly or indirectly through Wholly Owned Subsidiaries and all Equity Interests of the Borrower are owned directly by Holdings. Each Loan Party is the record and beneficial owner of, and has good and marketable title to, the Equity
Interests pledged by it under the Security Agreement, free of any and all Liens, rights or claims of other Persons, except the security interest created by the Security Agreement and the Liens permitted by Sections 6.02(a) and (r), and
there are no outstanding warrants, options or other rights to purchase, or shareholder, voting trust or similar agreements outstanding with respect to, or Property that is convertible into, or that requires the issuance or sale of, any such Equity
Interests. No Subsidiaries exist other than Borrower, the Subsidiary Guarantors, Subsidiaries in the process of complying with the requirements of Section 5.11(b) and other SPE License Subs (but solely to the extent not required hereunder to
comply with the requirements of Section 5.11(b)). 
 (b) No consent of any Person including any other
general or limited partner, any other member of a limited liability company, any other shareholder or any other trust beneficiary is necessary or desirable in connection with the creation, perfection or first priority status of the security interest
of the Collateral Agent in any Equity Interests pledged to the Collateral Agent for the benefit of the Secured Parties under the Security Agreement or the exercise by the Collateral Agent of the voting or other rights provided for in the Security
Agreement or the exercise of remedies in respect thereof. 
 (c) An accurate organization chart, showing the
ownership structure of Holdings, Borrower and each Subsidiary on the Closing Date, and after giving effect to the Transaction, is set forth on Schedule 3.06(c). 
  

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 SECTION 3.07 Litigation; Compliance with Laws.

(a) There are no actions, suits or proceedings at law or in equity by or before any Governmental Authority now pending or,
to the knowledge of any Company, threatened against or affecting any Company or any business, Property or rights of any such Person (i) that involve any Loan Document or the Transactions or (ii) as to which there is a reasonable possibility of an
adverse determination and that, if adversely determined, could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect. 

(b) Except for matters described in Section 3.17, no Company or any of its Property is in violation of, nor will
the continued operation of its Property as currently conducted violate, any Requirements of Law (including any zoning or building ordinance, code or approval or any building permits) or any restrictions of record or agreements affecting the Real
Property or is in default with respect to any judgment, writ, injunction, decree or order of any Governmental Authority, where such violation or default could reasonably be expected to result in a Material Adverse Effect. 

SECTION 3.08 Agreements.

(a) No Company is a party to any agreement or instrument or subject to any corporate or other constitutional restriction
that has resulted or could reasonably be expected to result in a Material Adverse Effect. 
 (b) No Company is in
default in any manner under any provision of any indenture or other agreement or instrument evidencing Indebtedness, or any other agreement or instrument to which it is a party or by which it or any of its Property are or may be bound, where such
default could reasonably be expected to result in a Material Adverse Effect. 
 (c) Schedule 3.08(c)
accurately and completely lists all material agreements (other than leases of Real Property set forth on Schedule 3.05(b)) to which any Company is a party which are in effect on the date hereof in connection with the operation of the business
conducted thereby and Borrower has delivered to the Administrative Agent complete and correct copies of all such material agreements, including any amendments, supplements or modifications with respect thereto. 

SECTION 3.09 Federal Reserve Regulations.

(a) No Company is engaged principally, or as one of its important activities, in the business of extending credit for the
purpose of buying or carrying Margin Stock. 
 (b) No part of the proceeds of any Loan or any Letter of Credit
will be used, whether directly or indirectly, and whether immediately, incidentally or ultimately, for any purpose that entails a violation of, or that is inconsistent with, the provisions of the regulations of the Board, including Regulation T, U
or X. The pledge of the Security Agreement Collateral pursuant to the Security Agreement does not violate such regulations. 
  

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 SECTION 3.10 Investment Company Act. No Company is an “investment company”
or a company “controlled” by an “investment company,” as defined in, or subject to regulation under, the Investment Company Act of 1940, as amended. 

SECTION 3.11 Use of Proceeds. Borrower will use the proceeds of the Loans after the Closing Date for working capital and general
corporate purposes (including, without limitation, Capital Expenditures); it being understood that no Loans shall be made on the Closing Date. 

SECTION 3.12 Taxes. Each Company has (a) filed or caused to be filed all federal Tax Returns and all material state, local and
foreign Tax Returns or materials required to have been filed by it and all such Tax Returns are true and correct in all material respects and has (b) duly paid or caused to be duly paid all Taxes (whether or not shown on any Tax Return) due and
payable by it and all assessments received by it, except in each case Taxes (i) that have been or are being contested in good faith by appropriate proceedings and for which such Company shall have set aside on its books adequate reserves in
accordance with GAAP or (ii) which could not, individually or in the aggregate, have a Material Adverse Effect; provided that any such contest of Taxes with respect to Collateral shall also satisfy the Contested Collateral Lien Conditions.
Each Company has made adequate provision in accordance with GAAP for all Taxes not yet due and payable. Each Company is unaware of any proposed or pending tax assessments, deficiencies or audits that could be reasonably expected to, individually or
in the aggregate, result in a Material Adverse Effect. 
 SECTION 3.13 No Material Misstatements. None of any
information, report, financial statement, exhibit or schedule furnished by or on behalf of any Company to the Administrative Agent or any Lender in connection with the negotiation of any Loan Document or included therein or delivered pursuant
thereto (including the Senior Notes Offering Memorandum) contained, contains or will contain any material misstatement of fact or omission, omits or will omit to state any material fact necessary to make the statements therein, in the light of the
circumstances under which they were, are or will be made, not misleading as of the date such information is dated or certified; provided that to the extent any such information, report, financial statement, exhibit or schedule was based upon
or constitutes a forecast or projection, each Loan Party represents only that it acted in good faith and utilized reasonable assumptions and due care in the preparation of such information, report, financial statement, exhibit or schedule.

 SECTION 3.14 Labor Matters. As of the Third Amendment Effective Date, there are no strikes, lockouts or slowdowns
against any Company pending or, to the knowledge of any Company, threatened. The hours worked by and payments made to employees of any Company have not been in violation of the Fair Labor Standards Act or any other applicable federal, state, local
or foreign law dealing with such matters in any manner which could reasonably be expected to result in a Material Adverse Effect. All payments due from any Company, or for which any claim may be made against any Company, on account of wages and
employee health and welfare insurance and other benefits, have been paid or accrued as a liability on the books of such Company except where the failure to do so could not reasonably be expected to result in a Material Adverse Effect. The
consummation of the Transactions will not give rise to any right of termination or right of renegotiation on the part of any union under any collective bargaining agreement to which any Company is bound. 

 

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 SECTION 3.15 Solvency. Immediately after the consummation of the Transactions to
occur on the Closing Date and immediately following the making of each Loan and after giving effect to the application of the proceeds of each Loan taking into account rights of contribution, subrogation, against or reimbursement from other Loan
Parties, (a) the fair value of the assets of the Loan Parties (on a consolidated basis) will exceed their debts and liabilities, subordinated, contingent or otherwise; (b) the present fair saleable value of the Property of the Loan Parties (on a
consolidated basis) will be greater than the amount that will be required to pay the probable liability of their debts and other liabilities, subordinated, contingent or otherwise, as such debts and other liabilities become absolute and matured; (c)
the Loan Parties (on a consolidated basis) will be able to pay their debts and liabilities, subordinated, contingent or otherwise, as such debts and liabilities become absolute and matured; and (d) the Loan Parties (on a consolidated basis) will not
have unreasonably small capital with which to conduct their businesses in which the Loan Parties (on a consolidated basis) engaged as such businesses are now conducted and are proposed to be conducted following the Closing Date. In determining the
foregoing, the amount of contingent liabilities (such as litigation, guaranties and pension plan liabilities) at any time shall be computed as the amount that, in light of all the facts and circumstances existing at the time, represents the amount
that can be reasonably be expected to become an actual or matured liability. 
 SECTION 3.16 Employee Benefit Plans. Each
Company and its ERISA Affiliates is in compliance in all material respects with the applicable provisions of ERISA and the Code and the regulations and published interpretations thereunder. No ERISA Event has occurred or is reasonably expected to
occur that, when taken together with all other such ERISA Events, could reasonably be expected to result in material liability of any Company or any of its ERISA Affiliates or the imposition of a Lien on any of the assets of a Company. The present
value of all accumulated benefit obligations of all underfunded Plans (based on the assumptions used for purposes of Statement of Financial Accounting Standards No. 87) sponsored or maintained by the Companies immediately after the consummation of
the Transactions did not, as of the date of the first financial statements of the Companies issued on or after the Closing Date reflecting such amounts, exceed by more than $15.0 million the fair market value of the assets of all such underfunded
Plans. Using actuarial assumptions and computation methods consistent with subpart 1 of subtitle E of Title IV of ERISA, the aggregate liabilities of each Company or its ERISA Affiliates to all Multiemployer Plans in the event of a complete
withdrawal therefrom, as of the close of the most recent fiscal year of each such Multiemployer Plan, could not reasonably be expected to result in a Material Adverse Effect. 

SECTION 3.17 Environmental Matters.

(a) Except as set forth in Schedule 3.17 or except as, individually or in the aggregate, could not reasonably be
expected to result in a Material Adverse Effect: 
 (i) The Companies and their businesses, operations and Real
Property are, and in the last six years have been, in compliance with applicable Environmental Laws, including obtaining and complying with all Environmental Permits, and all such Environmental Permits are valid and in good standing and, under the
currently effective business plan of the Companies, no expenditures or operational adjustments will be required in order to renew or modify such Environmental Permits during the next five years, and the Companies have no Environmental Liabilities;

  

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 (ii) There has been no Release or threatened Release of Hazardous Materials
on, at, under or from any Real Property or facility presently or formerly owned, leased or operated by the Companies or their predecessors in interest that could result in Environmental Liabilities which could reasonably be expected to have a
Material Adverse Effect; 
 (iii) There is no Environmental Claim pending or, to the knowledge of the Companies,
threatened against the Companies, or relating to the Real Property currently or formerly owned, leased or operated by the Companies or relating to the operations of the Companies, and there are no actions, activities, circumstances, conditions,
events or incidents that could form the basis of such an Environmental Claim; and 
 (iv) No Person with an
indemnity or contribution obligation to the Companies relating to compliance with or liability under Environmental Law is in default with respect to such obligation. 

(b) Except as set forth in Schedule 3.17: 

(i) No Company is obligated to perform any action or otherwise incur any expense under Environmental Law pursuant to any
order, decree, judgment or agreement by which it is bound or has assumed by contract or agreement, and no Company is conducting or financing any Response pursuant to any Environmental Law with respect to any Real Property or any other location
except any action or Response which could not reasonably be expected to have a Material Adverse Effect; 
 (ii)
No Real Property or facility owned, operated or leased by the Companies and, to the knowledge of the Companies, no real Property or facility formerly owned, operated or leased by the Companies or any of their predecessors in interest is
(i) listed or proposed for listing on the National Priorities List promulgated pursuant to CERCLA or (ii) listed on the Comprehensive Environmental Response, Compensation and Liability Information System promulgated pursuant to CERCLA or
(iii) included on any similar list maintained by any Governmental Authority including, without limitation, any such list relating to petroleum; 
  

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 (iii) As of the date hereof, no Lien is recorded or, to the knowledge of any
Company, threatened under any Environmental Law with respect to any Real Property or assets of the Companies; 

(iv) The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated
hereby will not require any notification, registration, filing, reporting, disclosure, investigation, remediation or cleanup pursuant to any Environmental Real Property Disclosure Requirements or any other Environmental Law except any notification,
registration, filing, reporting, disclosure, investigation, remediation or cleanup that could not be reasonably expected to have a Material Adverse Effect; and 

(v) The Companies have made available to Lenders all material reports and assessments in the possession, custody or
control of, or otherwise reasonably available to, the Companies concerning compliance with or liability under Environmental Law including, without limitation, those concerning the existence of Hazardous Material at Real Property or facilities
currently or formerly owned, operated, leased or used by the Companies. 
 SECTION 3.18 Insurance. Schedule 3.18
sets forth a true, complete and correct description of all insurance maintained by each Company as of the Closing Date. As of each such date, such insurance is in full force and effect and all premiums have been duly paid. Each Company has insurance
in such amounts and covering such risks and liabilities as are in accordance with normal industry practice. 
 SECTION 3.19
Security Documents.
 (a) The Security Agreement is effective to create in favor of the Collateral Agent for
the benefit of the Secured Parties, a legal, valid and enforceable security interest in and Lien on the Security Agreement Collateral and, upon the taking of possession or control by the Collateral Agent of the Security Agreement Collateral with
respect to which a security interest may be perfected only by possession or control (which possession or control shall be given to the Collateral Agent to the extent possession or control by the Collateral Agent is required by each Security
Agreement), the Lien created by the Security Agreement shall constitute a fully perfected Lien on, and security interest in, all right, title and interest of the grantors thereunder in the Security Agreement Collateral (other than the Intellectual
Property (as defined in the Security Agreement) and equipment subject to a certificate of title statute), in each case encumbered by no Liens other than Permitted Liens. 

(b) When the Security Agreement or a short form thereof is filed in the United States Patent and Trademark Office and the
United States Copyright Office, the Lien created by such Security Agreement shall constitute a fully perfected Lien on, and security interest in, all right, title and interest of the grantors thereunder in the Intellectual Property (as defined in
such Security Agreement), in each case encumbered by no Liens other than Permitted Liens. 
  

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 (c) Each Mortgage executed and delivered as of the Closing Date (and as
amended on the Third Amendment Effective Date) is, or, to the extent any Mortgage is duly executed and delivered thereafter by the relevant Loan Party, will be, effective to create, in favor of the Collateral Agent, for its benefit and the benefit
of the Secured Parties, a legal, valid and enforceable first priority Lien on and security interest in all of the Loan Parties’ right, title and interest in and to the Mortgaged Real Properties thereunder and the proceeds thereof, subject to
Permitted Liens, and when the Mortgages are recorded or filed, as applicable, in the offices specified on Schedule 1.01(a), (or, in the case of any Mortgage executed and delivered after the date thereof in accordance with the provisions of
Sections 5.11 and 5.12, when such Mortgage is recorded or filed, as applicable, in the office specified in the local counsel opinion delivered with respect thereto in accordance with the provisions of Sections 5.11 and
5.12) the Mortgages shall constitute fully perfected Liens on, and security interests in, all right, title and interest of the Loan Parties in the Mortgaged Real Properties and the proceeds thereof, in each case prior and superior in right to
any other Person, other than Permitted Liens. 
 (d) Each Security Document delivered pursuant to Sections
5.11 and 5.12 will, upon execution and delivery thereof, be effective to create in favor of the Collateral Agent, for the benefit of the Secured Parties, a legal, valid and enforceable security interest in and Lien on all of the Loan
Parties’ right, title and interest in and to the Collateral thereunder, and when all appropriate filings or recordings are made in the appropriate offices as may be required under applicable law, such Security Document will constitute a fully
perfected Lien on, and security interest in, all right, title and interest of the Loan Parties in such Collateral (other than equipment subject to a certificate of title statute and Collateral in which a security interest may be perfected solely by
possession or control), in each case encumbered by no Liens other than the applicable Permitted Liens. 
 SECTION 3.20 Senior
Note Documents. As of the Closing Date, Borrower shall have delivered to the Administrative Agent a complete and correct copy of the Senior Note Documents and all related documents (including all schedules, exhibits, amendments, supplements,
modifications, assignments and all other documents delivered pursuant thereto or in connection therewith). Borrower has the corporate power and authority to execute, deliver and perform the Senior Note Documents and incur the obligations thereunder.

 SECTION 3.21 Location of Material Inventory. As of Closing Date, Schedule 3.21 sets forth all locations in the
United States where the aggregate value of Inventory owned by the Loan Parties exceeds $50,000. 
 SECTION 3.22 Accuracy
of Borrowing Base. At the time any Borrowing Base Certificate is delivered pursuant to this Agreement, (a) each Account and each item of Inventory included in the calculation of the Borrowing Base satisfies all of the criteria stated herein (or of
which Borrower has hereafter been notified by Collateral Agent under Section 2.19) to be an Eligible Account and an item of Eligible Inventory, respectively, (b) each item of Equipment included in the calculation of the Borrowing Base
satisfies all of the criteria stated herein to be an item of Eligible Equipment and (c) each parcel of Real Property included in the calculation of the Borrowing Base satisfies all of the criteria stated herein satisfies all of the criteria
stated herein to be an item of Eligible Real Property. 
  

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 SECTION 3.23 Holdings. Holdings does not engage in any business activities or have
any assets or liabilities, other than (a) its ownership of the Equity Interests of Borrower, (b) rights and obligations under the Loan Documents, the Senior Note Documents and the other Transaction Documents and Tax Sharing Agreements and (c)
activities, obligations and assets incidental to the foregoing clauses (a) and (b). 
 SECTION 3.24 Common
Enterprise. Holdings is the direct or indirect and beneficial owner and holder of all of the issued and outstanding shares of stock or other Equity Interests in the Borrower and the other Subsidiary Guarantors. Borrower and Subsidiary Guarantors
make up a related organization of various entities constituting a single economic and business enterprise so that Borrower and Guarantors share a substantial identity of interests such that any benefit received by any one of them benefits the
others. Borrower and certain Guarantors render services to or for the benefit of Borrower and/or the other Guarantors, as the case may be, purchase or sell and supply goods to or from or for the benefit of the others, make loans, advances and
provide other financial accommodations to or for the benefit of Borrower and Guarantors (including, inter alia, the payment by Borrower and Guarantors of creditors of the Borrower or Guarantors and guarantees by Borrower and Guarantors of
indebtedness of Borrower and Guarantors and provide administrative, marketing, payroll and management services to or for the benefit of Borrower and Guarantors). Borrower and Guarantors have centralized accounting, common officers and directors and
are in certain circumstances identified to creditors as a single economic and business enterprise. 
 SECTION 3.25
Anti-Terrorism Laws. 
 (a) No Loan Party and, to the knowledge of the Loan Parties, none of its Affiliates
is in violation of any laws relating to terrorism or money laundering (“Anti-Terrorism Laws”), including Executive Order No. 13224 on Terrorist Financing, effective September 24, 2001 (the “Executive Order”), and
the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Public Law 107-56. 

(b) No Loan Party and, to the knowledge of the Loan Parties, no Affiliate or broker or other agent of any Loan Party
acting or benefiting in any capacity in connection with the Loans is any of the following: 
 (i) a person that
is listed in the annex to, or is otherwise subject to the provisions of, the Executive Order; 
 (ii) a person
owned or controlled by, or acting for or on behalf of, any person that is listed in the annex to, or is otherwise subject to the provisions of, the Executive Order; 

(iii) a person with which any Lender is prohibited from dealing or otherwise engaging in any transaction by any
Anti-Terrorism Law; 
  

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 (iv) a person that commits, threatens or conspires to commit or supports
“terrorism” as defined in the Executive Order; or 
 (v) a person that is named as a “specially
designated national and blocked person” on the most current list published by the U.S. Treasury Department Office of Foreign Assets Control (“OFAC”) at its official website or any replacement website or other replacement official
publication of such list. 
 (c) No Loan Party and, to the knowledge of the Loan Parties, no broker or other
agent of any Loan Party acting in any capacity in connection with the Loans (i) conducts any business or engages in making or receiving any contribution of funds, goods or services to or for the benefit of any person described in paragraph
(b) above, (ii) deals in, or otherwise engages in any transaction relating to, any property or interests in property blocked pursuant to the Executive Order, or (iii) engages in or conspires to engage in any transaction that evades or avoids, or
has the purpose of evading or avoiding, or attempts to violate, any of the prohibitions set forth in any Anti-Terrorism Law. 

SECTION 3.26 PACA and FSA. Except Harry & David Operations, Inc., no Company is a “dealer”, “commission
merchant” or “broker” under PACA, and no Company’s assets (except Harry & David Operations, Inc.’s) are subject to the trust provisions provided for under PACA. No Company has received any notice with respect to any FSA
or similar state statutory lien. 
 SECTION 3.27 Farmer Bankruptcy. No Company is a “farmer” as defined
in the federal bankruptcy code except Bear Creek Orchards, Inc. 
 SECTION 3.28 Water Availability. The Companies possess
water rights that are expected to provide from verifiable surface and ground water sources sufficient water to conduct operations materially similar to prior years’ operations. Borrower and each applicable Subsidiary Guarantor has filed with
all applicable Governmental Authorities, all notices and other documents required under federal, state and local laws and regulations in connection with the supply of water to and use of water upon the Mortgaged Real Property, except for such
failures as do not and are not reasonably likely to have a Material Adverse Effect. 
 ARTICLE IV. 

CONDITIONS TO EFFECTIVENESS OF AGREEMENT 

AND INITIAL CREDIT EXTENSIONS HEREUNDER 

SECTION 4.01 Conditions to Initial Credit Extension. The effectiveness of this Agreement and the obligation of each Lender and, if
applicable, each Issuing Bank to fund the initial Credit Extension requested to be made by it pursuant to this Agreement shall be subject to the satisfaction on the Closing Date of each of the conditions precedent set forth in this Section
4.01. 
 (a) Loan Documents. All legal matters incident to this Agreement, the Borrowings and
extensions of credit hereunder and the other Loan Documents shall be satisfactory to the Lenders, to the Issuing Bank and to the Administrative Agent and there 

 

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shall have been delivered to counsel for the Administrative Agent an executed counterpart of each of the Loan Documents, including this Agreement, the Security Agreement, each Mortgage, the
Perfection Certificate and each other applicable Loan Document. 
 (b) Corporate Documents. The
Administrative Agent shall have received: 
 (i) a certificate of the Secretary or Assistant Secretary of each
Loan Party dated the Closing Date and certifying (A) that attached thereto is a true and complete copy of the certificate or articles of incorporation or other constitutive documents, including all amendments thereto certified as of a recent date by
the Secretary of State of the state of its organization, (B) that attached thereto is a true and complete copy of the by-laws of such Loan Party as in effect on the Closing Date and at all times since a date prior to the date of the resolutions
described in clause (C) below, (C) that attached thereto is a true and complete copy of resolutions duly adopted by the Board of Directors of such Loan Party authorizing the execution, delivery and performance of the Loan Documents to which
such Person is a party and, in the case of Borrower, the borrowings hereunder, and that such resolutions have not been modified, rescinded or amended and are in full force and effect, (D) as to the incumbency and specimen signature of each officer
executing any Loan Document or any other document delivered in connection herewith on behalf of such Loan Party (together with a certificate of another officer as to the incumbency and specimen signature of the Secretary or Assistant Secretary
executing the certificate in this clause (i)); 
 (ii) a certificate as to the good standing of each Loan
Party as of a recent date, from the Secretary of State of its state of organization; and 
 (iii) such other
documents as the Lenders, the Issuing Bank or the Administrative Agent may reasonably request. 
 (c)
Officer’s Certificate. The Administrative Agent shall have received a certificate, dated the Closing Date and signed by the Chief Executive Officer, the President or the Chief Financial Officer of Borrower, confirming compliance with the
conditions precedent set forth in Section 4.01 and paragraphs (b) and (c) of Section 4.02. 

(d) Financings and Other Transactions, Etc. 

(i) The Refinancing shall have been consummated in full to the satisfaction of the Lenders with all liens in favor of the
existing lenders being unconditionally released; the Administrative Agent shall have received a “pay-off” letter with respect to all debt being refinanced in the Refinancing; the Administrative Agent shall have received from any Person
holding any Lien securing any such debt, such UCC termination statements, mortgage releases, releases of assignments of leases and rents and other instruments, in each case in proper form for recording, as the Administrative Agent shall have
reasonably requested to release and terminate of record the Liens securing such debt. 
  

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 (ii) The Lenders shall be reasonably satisfied with the capitalization, the
terms and conditions of any equity, indemnity, employment or other arrangements entered into in connection with the Transactions and the corporate, legal, tax, management or other organizational structure of the Companies. 

(e) Financial Statements; Balance Sheet; Projections. The Lenders shall have received and shall be satisfied with
the form and substance of the financial statements described in Section 3.04 and with the forecasts of the Borrowing Base and the financial performance of Holdings, Borrower and their respective Subsidiaries. 

(f) Indebtedness and Minority Interests. After giving effect to the Transactions and the other transactions
contemplated hereby, no Company shall have outstanding any Indebtedness for borrowed money, preferred stock or minority interests other than (i) the Loans and extensions of credit hereunder, (ii) the Senior Notes, (iii) Indebtedness owed to Borrower
or any Guarantor and (iv) minority interests in Holdings owned by the Permitted Holders. 
 (g) Opinions of
Counsel. The Administrative Agent shall have received, on behalf of itself, the other Agents, the Arranger, the Lenders and the Issuing Bank, a favorable written opinion of (i) Jones Day, special counsel for the Loan Parties, substantially to
the effect set forth in Exhibit K-1, and (ii) each local counsel listed on Schedule 4.01(g), substantially to the effect set forth in Exhibit K-2, in each case (A) dated the Closing Date, (B) addressed to the Agents, the Issuing
Bank and the Lenders and (C) covering such other matters relating to the Loan Documents and the Transactions as the Administrative Agent shall reasonably request. 

(h) Other Reports. 

(i) The Lenders shall have received all reports and opinions of appraisers, consultants or other advisors retained by the
Agents to review the business, operation or condition of Holdings and the other Companies giving effect to the Transactions, and shall be satisfied with such reports and opinions. 

(i) The Administrative Agent shall have received a solvency certificate in the form of Exhibit M, dated the Closing
Date and signed by a Financial Officer of Holdings. 
 (i) Requirements of Law. The Lenders shall be
satisfied that the Transactions shall be in compliance with all material Requirements of Law, including without limitation Regulations T, U and X of the Board. To the extent requested, the Lenders shall have received satisfactory evidence of
compliance in all material respects with all applicable material Requirements of Law, including all applicable environmental laws and regulations. 

(j) Consents. The Lenders shall be satisfied that all consents and approvals required from Governmental Authorities
and third parties, to the extent necessary to enable Borrower to accurately make the representations and warranties set forth in Section 3.03 as of the Closing Date, shall have been obtained and be in full force and

  

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effect, and there shall be no governmental or judicial action, actual or threatened, that has or would have, singly or in the aggregate, a reasonable likelihood of, in any material respect,
restraining, preventing or imposing burdensome conditions on the Transactions or the other transactions contemplated hereby. 

(k) Litigation. There shall be no litigation, public or private, or administrative proceedings, governmental
investigation or other legal or regulatory developments, actual or threatened, that, singly or in the aggregate, could reasonably be expected to result in a Material Adverse Effect, or could materially and adversely affect the ability of Holdings,
Borrower and the Subsidiaries to fully and timely perform their respective obligations under the Transaction Documents, or the ability of the parties to consummate the financings contemplated hereby or the other Transactions. 

(l) Sources and Uses. No Revolving Loan shall be requested on the Closing Date. 

(m) Fees. The Arranger, Collateral Agent and Administrative Agent shall have received all Fees and other amounts
due and payable on or prior to the Closing Date, including, to the extent invoiced, reimbursement or payment of all out-of-pocket expenses (including the reasonable legal fees and expenses of Latham & Watkins, LLP, special counsel to the Agents,
and the reasonable fees and expenses of any local counsel, appraisers, consultants and other advisors) required to be reimbursed or paid by Borrower hereunder or under any other Loan Document. 

(n) Personal Property Requirements. The Collateral Agent shall have received: 

(i) all certificates, agreements or instruments representing or evidencing the Initial Pledged Interests, the Initial
Pledged Shares and Intercompany Notes (each as defined in the Security Agreement) accompanied by instruments of transfer and stock powers endorsed in blank shall have been delivered to the Collateral Agent; 

(ii) all other certificates or instruments necessary to perfect on the Closing Date the Collateral Agent’s security
interest in all Chattel Paper and all Instruments of each Loan Party (as each such term is defined in the Security Agreement and to the extent required by Article III of the Security Agreement); 

(iii) UCC financing statements in appropriate form for filing under the UCC, filings with the United States Patent and
Trademark Office and such other documents under applicable Requirements of Law in each jurisdiction as may be necessary or appropriate or, in the opinion of the Collateral Agent, desirable to perfect the Liens created, or purported to be created, by
the Security Documents; 
 (iv) certified copies of UCC, tax and judgment lien searches, bankruptcy and pending
lawsuit searches or equivalent reports or searches, each of a recent date listing all effective financing statements, lien notices or comparable documents that name any Loan Party as debtor and that are filed in

  

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those state and county jurisdictions in which any Real Property owned by such Loan Party is located and the state and county jurisdictions in which any Loan Party is organized or maintains its
principal place of business and such other searches that the Collateral Agent deems necessary or appropriate, none of which encumber the Collateral covered or intended to be covered by the Security Documents (other than those relating to Liens
acceptable to the Collateral Agent); and 
 (v) evidence acceptable to the Collateral Agent of payment by the
Loan Parties of all applicable recording taxes, fees, charges, costs and expenses required for the recording of the Security Documents. 

(o) Mortgaged Real Property. 

(i) a Mortgage encumbering each Mortgaged Real Property in favor of Collateral Agent, for the benefit of the Secured
Parties, duly executed and acknowledged by each Loan Party that is the owner of or holder of any interest in such Mortgaged Real Property, and otherwise in form for recording or filing, as applicable, in the recording office of each county where
each such Mortgaged Real Property is situated, together with such certificates, affidavits, questionnaires or returns as shall be required in connection with the recording or filing thereof to create a mortgage lien under applicable law, and
financing statements relating to the fixtures located on such Mortgage Property, all of which shall be in form and substance reasonably satisfactory to Collateral Agent, and any other instruments necessary to grant a mortgage lien under the laws of
any applicable jurisdiction; 
 (ii) such consents, approvals, amendments, supplements, tenant subordination
agreements (to the extent reasonably obtainable) or other instruments as shall reasonably be deemed necessary by the Collateral Agent in order for the owner or holder of the fee or leasehold interest constituting such Mortgaged Real Property to
grant the Lien contemplated by the Mortgage with respect to such Mortgaged Real Property; provided, however, no subordination agreements shall be required with respect to the Existing Leases; 

(iii) evidence reasonably acceptable to the Collateral Agent of payment by Borrower of any mortgage recording taxes, fees,
charges, costs and expenses required for the recording of the Mortgages referred to subparagraph (i) above; 

(iv) with respect to each Real Property owned by any of the Companies or Mortgaged Real Property, copies of all Leases in
which Borrower or any Subsidiary holds the lessor’s interest or other agreements relating to possessory interests, if any; 

(v) Borrower and each Subsidiary shall have made all notification, registrations and filings, to the extent required by,
and in accordance with, all Governmental Real Property Disclosure Requirements applicable to such Mortgaged Real Property; and 
  

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 (vi) casualty and property insurance reasonably acceptable to the Collateral
Agent. 
 (p) Insurance. The Administrative Agent shall have received a copy of, or a certificate as to
coverage under, the insurance policies required by Section 5.04 and the applicable provisions of the Security Documents, each of which shall be endorsed or otherwise amended to include a “standard” or “New York”
lender’s loss payable endorsement and to name the Collateral Agent as additional insured, in form and substance satisfactory to the Administrative Agent. 

(q) Initial Borrowing Base Certificate. The Collateral Agent and the Administrative Agent shall have received a
Borrowing Base Certificate, dated as of the Closing Date (with respect to the Borrowing Base as of February 18, 2006). 

(r) USA Patriot Act. The Lenders shall have received, sufficiently in advance of the Closing Date, all
documentation and other information that may be required by the Lenders in order to enable compliance with applicable “know your customer” and anti-money laundering rules and regulations, including the United States PATRIOT Act (Title III
of Pub. L. 107-56 (signed into law October 26, 2001)) including the information described in Section 11.15. 
 SECTION
4.02 Conditions to All Credit Extensions. The obligation of each Lender and each Issuing Bank to make any Credit Extension (including the initial Credit Extension) shall be subject to, and to the satisfaction of, each of the conditions precedent
set forth below. 
 (a) Notice. The Administrative Agent shall have received a Borrowing Request as
required by Section 2.03 (or such notice shall have been deemed given in accordance with Section 2.03) if Loans are being requested or, in the case of the issuance, amendment, extension or renewal of a Letter of Credit, the Issuing
Bank and the Administrative Agent shall have received a notice requesting the issuance, amendment, extension or renewal of such Letter of Credit as required by Section 2.18(b) or, in the case of the Borrowing of a Swingline Loan, the
Swingline Lender and the Administrative Agent shall have received a notice requesting such Swingline Loan as required by Section 2.17(b). 

(b) No Default. No Default shall have occurred and be continuing on such date or after giving effect to the Credit
Extension requested to be made on such date. 
 (c) Representations and Warranties. Each of the
representations and warranties made by any Loan Party set forth in Article III hereof or in any other Loan Document shall be true and correct in all material respects (except that any representation and warranty that is qualified as to
“materiality” or “Material Adverse Effect” shall be true and correct in all respects subject to such qualification) on and as of the date of such Credit Extension with the same effect as though made on and as of such date, except
to the extent such representations and warranties expressly relate to an earlier date. 
  

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 Each of the delivery of a Borrowing Request or notice requesting the issuance, amendment,
extension or renewal of a Letter of Credit and the acceptance by the Borrower of the proceeds of such Credit Extension shall constitute a representation and warranty by Borrower and each other Loan Party that on the date of such Credit Extension
(both immediately before and after giving effect to such Credit Extension and the application of the proceeds thereof) the conditions contained in this Section 4.02 have been satisfied. 

ARTICLE V. 

AFFIRMATIVE COVENANTS 

Each Loan Party covenants and agrees with each Lender that so long as this Agreement shall remain in effect and until the Commitments
have been terminated and the principal of and interest on each Loan, all Fees and all other expenses or amounts payable under any Loan Document shall have been paid in full and all Letters of Credit have been canceled or have expired or been fully
cash collateralized and all amounts drawn thereunder have been reimbursed in full, unless the Required Lenders shall otherwise consent in writing, each Loan Party will, and will cause each of its Subsidiaries to: 

SECTION 5.01 Financial Statements, Reports, Etc. In the case of Holdings and Borrower, furnish to the Administrative Agent and
each Lender: 
 (a) Annual Reports. Within 90 days after the end of each fiscal year, (i) the consolidated
balance sheet of Holdings as of the end of such fiscal year and related consolidated statements of income, cash flows and stockholders’ equity for such fiscal year, and notes thereto (including a note with a consolidating balance sheet and
statements of income and cash flows separating out the results of Borrower, each Subsidiary Guarantor and the aggregate results of all Subsidiaries), accompanied by an opinion of Ernst & Young LLP or other independent public accountants of
recognized national standing satisfactory to the Administrative Agent or one of the “Big 3” accounting firms (which opinion shall not be qualified as to scope or contain any going concern or other qualification), stating that such
financial statements fairly present, in all material respects, the consolidated financial condition, results of operations, cash flows and changes in stockholders’ equity of the Consolidated Companies as of the end of and for such fiscal year
in accordance with GAAP consistently applied, (ii) a management report in a form reasonably satisfactory to the Administrative Agent setting forth, on a consolidating basis, the financial condition, results of operations and cash flows of the
Consolidated Companies (on a consolidated basis) as of the end of and for such fiscal year, as compared to the Consolidated Companies’ financial condition, results of operations and cash flows as of the end of and for the previous fiscal year
and its budgeted results of operations and cash flows, and (iii) a management’s discussion and analysis of the financial condition and results of operations for such fiscal year, as compared to the previous fiscal year; 

(b) Quarterly Reports. Within 45 days after the end of each of the first three fiscal quarters of each fiscal year,
(i) the consolidated balance sheet of Holdings as of the end of such fiscal quarter and related consolidated statements of income and cash flows for such fiscal quarter and for the then elapsed portion of the fiscal year, in comparative

  

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form with the consolidated statements of income and cash flows for the comparable periods in the previous fiscal year, and notes thereto, accompanied by a certificate of a Financial Officer
stating that such financial statements fairly present, in all material respects, the consolidated financial condition, results of operations and cash flows of the Consolidated Companies as of the date and for the periods specified in accordance with
GAAP consistently applied, and on a basis consistent with audited financial statements referred to in paragraph (a) of this Section 5.01, subject to normal year-end audit adjustments, (ii) a management report in a form reasonably
satisfactory to the Administrative Agent setting forth the financial condition, results of operations and cash flows of the Consolidated Companies (on a consolidated basis) as of the end of and for such fiscal quarter and for the then elapsed
portion of the fiscal year, as compared to the Consolidated Companies’ financial condition, results of operations and cash flows as of the end of such fiscal quarter and for the comparable periods in the previous fiscal year and its budgeted
results of operations and cash flows, and (iii) a management’s discussion and analysis of the financial condition and results of operations for such fiscal quarter and the then elapsed portion of the fiscal year, as compared to the comparable
periods in the previous fiscal year; 
 (c) Monthly Reports. Within 30 days after the end of the first two
months of each fiscal quarter, the consolidated statements of income and cash flows of Holdings for such month and for the then elapsed portion of the fiscal year, in comparative form with the consolidated statements of income and cash flows for the
comparable periods in the previous fiscal year, accompanied by a certificate of a Financial Officer stating that such financial statements fairly present, in all material respects, the consolidated results of operations and cash flows of the
Consolidated Companies as of the date and for the periods specified in accordance with GAAP consistently applied, subject to normal year-end audit adjustments; 

(d) Financial Officer’s Certificate. (i) Concurrently with any delivery of financial statements under
paragraphs (a), (b) or (c) above, a certificate of a Financial Officer certifying that to such Financial Officer’s knowledge after due inquiry no Default has occurred or, if such a Default has occurred, specifying the
nature and extent thereof and any corrective action taken or proposed to be taken with respect thereto; (ii) concurrently with any delivery of financial statements under paragraph (a) above, a certificate of a Financial Officer of the
Borrower setting forth the calculation of Capital Expenditures for the prior fiscal year; and (iii) in the case of paragraph (a) above, a report of the accounting firm opining on or certifying such financial statements stating that in the
course of its regular audit of the financial statements of Holdings and its Subsidiaries, which audit was conducted in accordance with GAAP, such accounting firm obtained no knowledge that any Default has occurred or, if in the opinion of such
accounting firm such a Default has occurred, specifying the nature and extent thereof (which report and the statements contained therein may be limited in form, scope and substance to the extent expressly required by accounting rules or guidelines
of general application in effect from time to time and to the extent delivery of any such report is permitted pursuant to such rules or guidelines); 
  

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 (e) Financial Officer’s Certificate Regarding Collateral.
Concurrently with any delivery of financial statements under paragraph (c) above, a certificate of a Financial Officer of the Borrower, (i) setting forth the information required pursuant to the Perfection Certificate Supplement or confirming
that there has been no change in such information since the date of the most recently delivered Perfection Certificate or Perfection Certificate Supplement and (ii) certifying that all UCC Financing Statements (including fixture filings, as
applicable) or other appropriate filings, recordings or registrations, including all re-filings, re-recordings and re-registrations, containing a description of the Collateral have been filed of record in each governmental, municipal or other
appropriate office in each jurisdiction identified pursuant to clause (i) above to the extent necessary to protect and perfect the security interests and Liens under the Security Documents for a period of not less than 8 months after the date
of such certificate (except as permitted hereby or otherwise noted therein with respect to any continuation statements to be filed within such period); 

(f) Public Reports. Promptly after the same become publicly available, copies of all periodic and other reports,
proxy statements and other materials filed by any Company with the Securities and Exchange Commission, or any Governmental Authority succeeding to any or all of the functions of said Commission, or with any national securities exchange, or
distributed to holders of its Indebtedness pursuant to the terms of the documentation governing such Indebtedness (or any trustee, agent or other representative therefor), as the case may be; 

(g) Management Letters. Promptly after the receipt thereof by any Company, a copy of any final “management
letter” received by any such Person from its certified public accountants and the management’s responses thereto; 

(h) Budgets. Within forty-five (45) days after the first day of each fiscal year of Holdings, a budget in form
reasonably satisfactory to the Administrative Agent (including budgeted statements of income by each of Holdings’ business units and sources and uses of cash and balance sheets and Borrowing Base levels and credit utilization) prepared by
Holdings for (i) each fiscal month of the current or subsequent, as applicable, fiscal year prepared in detail and (ii) each of the three years immediately following such current or subsequent, as applicable, fiscal year prepared in summary form, in
each case, of Holdings and its Subsidiaries, with appropriate presentation and discussion of the principal assumptions upon which such budgets are based, accompanied by the statement of a Financial Officer of Holdings to the effect that the budget
of Holdings is a reasonable estimate for the period covered thereby; 
 (i) Annual Meetings with Lenders.
Within 120 days after the close of each fiscal year of Holdings, Holdings and Borrower shall, at the request of the Administrative Agent or Required Lenders, hold a meeting (at a mutually agreeable location and time) with all Lenders who choose to
attend such meeting at which meeting shall be reviewed the financial results of the previous fiscal year and the financial condition of the Companies and the budgets presented for the current fiscal year of the Companies; 

 

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 (j) Consolidated Fixed Charge Coverage Ratio. On
or before January 25th of each year (the “Initial
Compliance Date”), (A) a certificate of a Financial Officer of the Borrower setting forth the estimate (subject to completion of the Borrower’s quarterly SAS 100 review) of Available Cash as of December
31st of the prior calendar year (the “Available
Cash Test Date”) and, (B) if the Available Cash as of the Available Cash Test Date is less than $50,000,000, a preliminary Compliance Certificate setting forth the estimated calculation (subject to completion of the Borrower’s
quarterly SAS 100 review) of the Consolidated Fixed Charge Coverage Ratio as of the end of the Test Period ending closest to the Available Cash Test Date, provided, however, that if a Compliance Certificate is required to be delivered
pursuant to clause (B) above, the Borrower must furnish to the Administrative Agent, within 45 days after the end of the fiscal quarter of the Borrower ending closest to such Available Cash Test Date (the “Final Compliance Date”), a
Compliance Certificate setting forth the final calculation of the Consolidated Fixed Charge Coverage Ratio. Notwithstanding the foregoing, if a Compliance Certificate is required to be delivered on the Initial Compliance Date pursuant to clause
(B) above, the Borrower shall not be permitted to borrow Loans (or request the issuance of Letters of Credit) and the Lenders shall not make Loans to the Borrower (and the Issuing Bank shall not issue Letters of Credit) at any time from the
Initial Compliance Date until the Final Compliance Date; 
 (k) Pear Yield Report. On
December 1st and January
1st of each year, a certificate of a Financial Officer of
the Borrower setting forth the yield of pears as well as the percentage of such yield constituting gift pears as of such date, in comparable form with the pear yield on the same date in the prior fiscal year; and 

(l) Other Information. Promptly, from time to time, such other information regarding the operations, business
affairs and financial condition of any Company, or compliance with the terms of any Loan Document, as the Administrative Agent or any Lender may reasonably request. 

SECTION 5.02 Litigation and Other Notices. Furnish to the Administrative Agent and each Lender prompt written notice of the
following: 
 (a) the occurrence of any Default, specifying the nature and extent thereof and the corrective
action (if any) taken or proposed to be taken with respect thereto; 
 (b) the filing or commencement of, or any
overt threat or written notice of intention of any Person to file or commence, any action, suit or proceeding, whether at law or in equity by or before any Governmental Authority, (i) against any Company or any Affiliate thereof that could
reasonably be expected to result in a Material Adverse Effect or (ii) with respect to any Loan Document; 

(c) any development that has resulted in, or could reasonably be expected to result in, a Material Adverse Effect;

 (d) the occurrence of a Casualty Event with respect to any of the Collateral having a value in excess of
$250,000 and will ensure that the Net Cash Proceeds of any 
  

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such event (whether in the form of insurance proceeds, condemnation awards or otherwise) are collected and applied in accordance with the applicable provisions of this Agreement and the Security
Documents; 
 (e) (i) the incurrence of any material Lien (other than Permitted Liens) on, or claim asserted
against any of the Collateral or (ii) the occurrence of any other event which could materially adversely affect the value of a material portion of the Collateral; 

(f) any threatened indictment by any Governmental Authority of any Loan Party, as to which any Loan Party receives
knowledge or notice, under any criminal or civil proceedings against any Loan Party pursuant to which statute or proceedings the penalties or remedies sought or available include forfeiture of (i) any of the Collateral having a value in excess of
$250,000 or (ii) any other Property of any Loan Party which is necessary or material to the conduct of its business; and 

(g) the attachment to any property of any Loan Party of any Lien pursuant to the FSA or similar state statute. 

SECTION 5.03 Existence; Businesses and Properties.

(a) Do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence,
except as otherwise expressly permitted under Section 6.05 or, in the case of any Subsidiary, where the failure to perform such obligations, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse
Effect. 
 (b) Do or cause to be done all things necessary to obtain, preserve, renew, extend and keep in full
force and effect the rights, licenses, permits, franchises, authorizations, patents, copyrights, trademarks and trade names material to the conduct of its business; maintain and operate such business in substantially the manner in which it is
presently conducted and operated; comply with all applicable Requirements of Law (including any and all zoning, building, Environmental Law, ordinance, code or approval or any building permits or any restrictions of record or agreements affecting
the Real Property) and decrees and orders of any Governmental Authority, whether now in effect or hereafter enacted, except in each case where the failure to comply, individually or in the aggregate, could not reasonably be expected to result in a
Material Adverse Effect; pay and perform its obligations under all Leases and Transaction Documents except as would not reasonably be expected to have a Material Adverse Effect; and at all times maintain and preserve all Property material to the
conduct of such business and keep such Property in good repair, working order and condition and from time to time make, or cause to be made, all needful and proper repairs, renewals, additions, improvements and replacements thereto necessary in
order that the business carried on in connection therewith may be properly conducted at all times; provided that nothing in this Section 5.03(b) shall prevent (i) sales of assets, consolidations or mergers by or involving any Company
in accordance with Section 6.05; (ii) the withdrawal by any Company of its qualification as a foreign corporation in any jurisdiction where such withdrawal, individually or in the aggregate, could not reasonably be expected to result in a
Material 
  

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Adverse Effect; or (iii) the abandonment or other disposition by any Company of any rights, permits, franchises, authorizations, licenses, trademarks, tradenames, copyrights or patents that
such Person reasonably determines are not useful in any material respect to its business. 
 SECTION 5.04
Insurance.
 (a) Keep its insurable Property adequately insured at all times by financially sound and
reputable insurers (provided that no Loan Party shall be deemed to breach this provision if, after its insurer becomes unsound or irreputable, such Loan Party promptly and diligently obtains adequate insurance from an alternative carrier);
maintain such other insurance, to such extent and against such risks, including fire and other risks insured against by extended coverage, as is customary with companies in the same or similar businesses operating in the same or similar locations,
including public liability insurance against claims for personal injury or death or Property damage occurring upon, in, about or in connection with the use of any Property owned, occupied or controlled by it; and maintain such other insurance as may
be required by law; and, with respect to the Collateral, otherwise maintain all insurance coverage required under each applicable Security Document, such policies to be in such form and amounts and having such coverage as may be reasonably
satisfactory to the Administrative Agent and the Collateral Agent, it being agreed that the levels of insurance in place on the Closing Date, absent a material change in the Property of the Loan Parties, shall be satisfactory to the Administrative
Agent and the Collateral Agent so long as appropriate steps are taken to assure that such insurance coverage is also obtained for any future Subsidiaries. 

(b) All such insurance shall (i) provide that no cancellation, material reduction in amount or material change in coverage
thereof shall be effective until at least 30 days after receipt by the Collateral Agent of written notice thereof, (ii) name the Collateral Agent as mortgagee (in the case of Property insurance) or additional insured (in the case of liability
insurance) or loss payee (in the case of casualty insurance), as applicable, (iii) if reasonably requested by the Collateral Agent, include a breach of warranty clause and (iv) be reasonably satisfactory in all other respects to the Collateral
Agent. 
 (c) Notify the Administrative Agent and the Collateral Agent immediately whenever any separate
insurance concurrent in form or contributing in the event of loss with that required to be maintained under this Section 5.04 is taken out by any Company; and promptly deliver to the Administrative Agent and the Collateral Agent a duplicate
original copy of such policy or policies. 
 (d) Obtain flood insurance in such total amount as the
Administrative Agent or the Required Lenders may from time to time reasonably require, if at any time the area in which any improvements located on any real Property covered by a Mortgage is designated a “flood hazard area” in any Flood
Insurance Rate Map published by the Federal Emergency Management Agency (or any successor agency), and otherwise comply with the National Flood Insurance Program as set forth in the Flood Disaster Protection Act of 1975, as amended from time to
time. 
  

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 (e) Deliver to the Administrative Agent and the Collateral Agent and the
Lenders a report of a reputable insurance broker with respect to such insurance and such supplemental reports with respect thereto as the Administrative Agent or the Collateral Agent may from time to time reasonably request. 

SECTION 5.05 Obligations and Taxes.

(a) Pay its Indebtedness and other obligations promptly and in accordance with their terms and pay and discharge
promptly when due all Taxes, assessments and governmental charges or levies imposed upon it or upon its income or profits or in respect of its Property, before the same shall become delinquent or in default, as well as all lawful claims for labor,
materials and supplies or otherwise that, if unpaid, might give rise to a Lien other than a Permitted Lien upon such properties or any part thereof; provided that such payment and discharge shall not be required with respect to any such Tax,
assessment, charge, levy or claim so long as the validity or amount thereof shall be contested in good faith by appropriate proceedings and the applicable Company shall have set aside on its books adequate reserves with respect thereto in accordance
with GAAP and such contest operates to suspend collection of the contested obligation, Tax, assessment or charge and enforcement of a Lien other than a Permitted Lien and, in the case of Collateral, the applicable Company shall have otherwise
complied with the Contested Collateral Lien Conditions. 
 (b) Timely and correctly file all material Tax Returns
required to be filed by it. 
 SECTION 5.06 Employee Benefits. (a) With respect to each Plan maintained by a Company,
comply in all material respects with the applicable provisions of ERISA and the Code and (b) furnish to the Administrative Agent (x) as soon as possible after, and in any event within 10 days after any Responsible Officer of the Companies
or their ERISA Affiliates or any ERISA Affiliate knows or has reason to know that, any ERISA Event has occurred that, alone or together with any other ERISA Event could reasonably be expected to result in liability of the Companies or their ERISA
Affiliates in an aggregate amount exceeding $500,000 or the imposition of a Lien, a statement of a Financial Officer of Holdings setting forth details as to such ERISA Event and the action, if any, that the Companies propose to take with respect
thereto, and (y) copies of: (i) each Schedule B (Actuarial Information) to the annual report (Form 5500 Series) filed by any Company or any ERISA Affiliate with the Internal Revenue Service with respect to each Plan; (ii) the most
recent actuarial valuation report for each Plan; (iii) all notices received by any Company or any ERISA Affiliate from a Multiemployer Plan sponsor or any governmental agency concerning an ERISA Event; and (iv) such other documents or
governmental reports or filings relating to any Plan (or employee benefit plan sponsored or contributed to by any Company) as the Administrative Agent shall reasonably request. 

SECTION 5.07 Maintaining Records; Access to Properties and Inspections. Keep proper books of record and account in which full,
true and correct entries in conformity with GAAP and all Requirements of Law are made of all dealings and transactions in relation to its business and activities. Keep proper records of intercompany accounts with full, true and correct entries
reflecting all payments received and paid (including, without limitation, funds 
  

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received by Borrower from swept deposit accounts of the other Companies). Each Company will permit any representatives designated by the Administrative Agent or any Lender to visit and inspect
the financial records and the Property of such Company at reasonable times and as often as reasonably requested and to make extracts from and copies of such financial records, and permit any representatives designated by the Administrative Agent or
any Lender to discuss the affairs, finances and condition of any Company with the officers thereof and independent accountants therefor (in the presence of a Responsible Officer). 

SECTION 5.08 Use of Proceeds. Use the proceeds of the Loans and request the issuance of Letters of Credit only for the purposes
set forth in Section 3.11. 
 SECTION 5.09 Compliance with Environmental Laws; Environmental
Reports.
 (a) Comply, and cause all lessees and other Persons occupying Real Property owned, operated or
leased by any Company to comply, in all material respects with all Environmental Laws and Environmental Permits applicable to its operations and Real Property; obtain and renew all material Environmental Permits applicable to its operations and Real
Property; without limiting the foregoing, the Borrower shall, at its sole cost and expense, upon receipt of any notification or otherwise obtaining knowledge of a Release or other event that has a reasonable likelihood of the Borrower or the
Companies incurring Environmental Liabilities in excess of $250,000 (i) conduct or pay for consultants to conduct tests or assessments of environmental conditions and take any Response required by any Governmental Authority or as is otherwise
necessary to comply with any applicable Environmental Law or (ii) ensure that the appropriate responsible party takes the actions specified in clause (i) above. 

(b) If a Default caused by reason of a breach of Section 3.17 or 5.09(a) shall have occurred and be
continuing for more than 20 days without the Companies commencing activities reasonably likely to cure such Default, at the written request of the Required Lenders through the Administrative Agent, provide to the Lenders within 45 days after such
request, at the expense of Borrower, an environmental assessment report regarding the matters which are the subject of such default, including where appropriate, any soil and/or groundwater sampling, prepared by an environmental consulting firm and
in the form and substance reasonably acceptable to the Administrative Agent and indicating the presence or absence of Hazardous Materials and the estimated cost of any compliance or Response to address them. 

SECTION 5.10 Real Property. No later than May 15, 2006, deliver or cause to be delivered to the Collateral Agent with
respect to each Mortgaged Real Property the following: 
 (i) a policy (or commitment to issue a policy) of title
insurance insuring (or committing to insure) the Lien of such Mortgage as a valid first mortgage Lien on the Mortgaged Real Property and fixtures described therein in the amount set forth on Schedule 4.01(o)(iii) hereto with respect to such
Mortgaged Real Property which policies (or commitments) (each, a “Title Policy”) shall (a) be issued by the Title Company, (b) include such reinsurance 

 

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arrangements (with provisions for direct access, if necessary) as shall be reasonably acceptable to the Collateral Agent, (c) contain a “tie-in” or “cluster” endorsement
(if available under applicable law) (i.e., policies which insure against losses regardless of location or allocated value of the insured Property up to a stated maximum coverage amount), (d) have been supplemented by such endorsements
(or where such endorsements are not available, opinions of special counsel, architects or other professionals reasonably acceptable to the Collateral Agent to the extent that such opinions can be obtained at a cost which is reasonable with respect
to the value of the Mortgaged Real Property subject to such Mortgage) as shall be reasonably requested (in light of the value of the Mortgaged Real Property to be insured by such Title Policy) by the Collateral Agent (including, without limitation,
endorsements on matters relating to usury, first loss, last Dollar, zoning, contiguity, revolving credit, doing business, non-imputation, public road access, survey, variable rate, environmental lien and so-called comprehensive coverage over
covenants and restrictions), and (v) contain no exceptions to title other than Permitted Liens; 
 (ii) such
affidavits, certificates, information (including financial data) and instruments of indemnification (including, without limitation, a so-called “gap” indemnification) as shall be required to induce the Title Company to issue the Title
Policies (or commitments) and endorsements contemplated in clause (i)(c) above; 
 (iii) evidence
reasonably acceptable to the Collateral Agent of payment by Borrower of all Title Policy premiums, search and examination charges, and related charges, costs and expenses required for the issuance of the Title Policies referred to clause
(i)(a) above; and 
 (iv) upon Collateral Agent’s reasonable request, an environmental report reasonably
acceptable to the Collateral Agent. 
 SECTION 5.11 Additional Collateral; Additional Guarantors.

(a) Subject to this Section 5.11, with respect to any Property acquired after the Closing Date by
Borrower or any other Loan Party that is intended to be encumbered by the Lien created by any of the Security Documents but is not so subject (but, in any event, excluding any Property described in paragraph (b) of this subsection)
promptly (and in any event within 30 days after the acquisition thereof): (i) execute and deliver to the Administrative Agent and the Collateral Agent such amendments or supplements to the relevant Security Documents or such other documents as
the Administrative Agent or the Collateral Agent shall deem necessary or advisable to grant to the Collateral Agent, for its benefit and for the benefit of the other Secured Parties, a Lien on such Property encumbered by no Liens other than
Permitted Liens, and (ii) take all actions necessary to cause such Lien to be duly perfected to the extent required by such Security Document in accordance with all applicable Requirements of Law, including, without limitation, the filing of
financing statements in such jurisdictions as may be reasonably requested by the Administrative Agent. Borrower shall otherwise take such actions and execute and/or 

 

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deliver to the Collateral Agent such documents as the Administrative Agent or the Collateral Agent shall require to confirm the validity, perfection and priority of the Lien of the Security
Documents against such after-acquired properties or assets. 
 (b) With respect to any Person that is or becomes
a Wholly Owned Subsidiary (other than any Foreign Subsidiary) promptly (and in any event within 30 days after such Person becomes a Subsidiary) (i) deliver to the Collateral Agent the certificates, if any, representing the Equity Interests of
such Subsidiary (provided that with respect to any Foreign Subsidiary of Borrower or a Subsidiary, in no event shall more than 65% of the Equity Interests of such Foreign Subsidiary be encumbered by any Lien or pledged under any Security
Document; provided, further, with respect to any SPE License Sub, (x) no Equity Interests of such SPE License Sub shall be required to be encumbered by any Lien or pledged under any Security Document to the extent prohibited by
applicable Requirements of Law and (y) in any event only the Equity Interests of such SPE License Sub owned by a Loan Party shall be required to be encumbered by any Lien or pledged under any Security Document), together with undated stock
powers or other appropriate instruments of transfer executed and delivered in blank by a duly authorized officer of such Subsidiary’s parent, as the case may be, and all intercompany notes owing from such Subsidiary to any Loan Party together
with instruments of transfer executed and delivered in blank by a duly authorized officer of such Subsidiary, and (ii) cause such new Subsidiary (other than any Foreign Subsidiary) (A) to execute a Joinder Agreement or such comparable
documentation and a joinder agreement to the Security Agreement in the form annexed thereto which is in form and substance reasonably satisfactory to the Administrative Agent, and (B) to take all actions necessary or advisable in the opinion of
the Administrative Agent or the Collateral Agent to cause the Lien created by the Security Agreement to be duly perfected to the extent required by such agreement in accordance with all applicable Requirements of Law, including, without limitation,
the filing of financing statements in such jurisdictions as may be reasonably requested by the Administrative Agent or the Collateral Agent; provided, however, that SPE License Subs shall only be required to comply with the foregoing
requirements of this paragraph (b) to the extent such compliance (x) is not prohibited by applicable Requirements of Law and (y) is required by the Administrative Agent in its commercially reasonable discretion. The inclusion
in the Borrowing Base of the assets of any domestic Wholly Owned Subsidiary shall also be subject to the Collateral Agent’s receipt and approval, in its reasonable credit judgment, of (i) a collateral audit and Inventory Appraisal and
(ii) all UCC search results necessary to confirm the Collateral Agent’s Lien on all such Subsidiary Guarantor’s personal Property, encumbered by no Liens other than Permitted Liens and having the priority required hereunder for
Collateral of such type included in the Borrowing Base. 
 (c) Each Loan Party will grant to the Collateral
Agent, within 60 days of the acquisition thereof, a security interest in and Mortgage on each owned Real Property of such Loan Party as is acquired by such Loan Party after the Closing Date and that, together with any improvements thereon,
individually has a fair market value of at least $1.0 million, as additional security for the Obligations (unless the subject Property is already mortgaged to a third party to the extent permitted by Section 6.02). Such Mortgages shall
be granted pursuant to documentation reasonably satisfactory in form 
  

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and substance to the Administrative Agent and the Collateral Agent and shall constitute valid and enforceable perfected Liens subject only to Permitted Liens and such other Liens as are
reasonably acceptable to the Collateral Agent. The Mortgages or instruments related thereto shall be duly recorded or filed in such manner and in such places as are required by law to establish, perfect, preserve and protect the Liens in favor of
the Collateral Agent required to be granted pursuant to the Mortgages and all taxes, fees and other charges payable in connection therewith shall be paid in full. Such Loan Party shall otherwise take such actions and execute and/or deliver to the
Collateral Agent such documents as the Administrative Agent or the Collateral Agent shall reasonably require to confirm the validity, perfection and priority of the Lien of any new Mortgage against such after-acquired Real Property (including,
without limitation, a Title Policy, a Survey and local counsel opinion (in each case, as reasonably requested by the Administrative Agent or the Collateral Agent and in form and substance reasonably satisfactory to the Administrative Agent and the
Collateral Agent) in respect of such Mortgage). 
 SECTION 5.12 Security Interests; Further Assurances. Promptly, upon
the reasonable request of the Administrative Agent, the Collateral Agent or any Lender, at Borrower’s expense, execute, acknowledge and deliver, or cause the execution, acknowledgment and delivery of, and thereafter register, file or record, or
cause to be registered, filed or recorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably
necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby superior to and prior to the rights of all third Persons other than the holders of Permitted Liens and encumbered by no other
Liens except as permitted by the applicable Security Document. Deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form
and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the
Security Documents. Upon the exercise by the Administrative Agent, the Collateral Agent or the Lenders of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or
authorization of any Governmental Authority execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or the Lenders may be so required to obtain. If the
Administrative Agent, the Collateral Agent or the Required Lenders determine that they are required by law or regulation to have appraisals prepared in respect of the Real Property of any Loan Party constituting Collateral, Borrower shall provide to
the Administrative Agent and Collateral Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance satisfactory to the Administrative Agent and the
Collateral Agent. 
 SECTION 5.13 Information Regarding Collateral. Furnish to the Administrative Agent and the
Collateral Agent 30 days prior written notice (in the form of an officer’s certificate), clearly describing any changes (i) in any Loan Party’s corporate name or in any trade name used to identify it in the conduct of its business or
in the ownership of its 
  

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properties, (ii) in the location of any Loan Party’s chief executive office, its principal place of business or any office in which it maintains books or records relating to Collateral
owned by it (including the establishment of any such new office), (iii) in any Loan Party’s identity or corporate structure, (iv) in any Loan Party’s Federal Taxpayer Identification Number or (v) in any Loan Party’s
jurisdiction of organization. Borrower agrees not to effect or permit any change referred to in the preceding sentence unless all filings have been made under the UCC or otherwise that are required in order for the Collateral Agent to continue at
all times following such change to have a valid, legal and perfected security interest in all the Collateral. Borrower agrees to provide to the Collateral Agent such other information in connection with such changes as the Collateral Agent may
reasonably request. 
 SECTION 5.14 Post-Closing Collateral Matters. Execute and deliver the documents and complete the
tasks set forth on Schedule 5.14, in each case within the time limits specified on such schedule as such time limits may be extended in the reasonable judgment of the Administrative Agent. 

SECTION 5.15 Borrowing Base-Related Reports. The Borrower shall deliver or cause to be delivered (at the expense of the Borrower)
to the Collateral Agent and the Administrative Agent the following: 
 (a) (i) during the months of January
through and including September in each calendar year, in no event less frequently than 20 days after the end of each month for the month most recently ended, and (ii) at all other times, in no event less frequently than 3 days after the end of
each week for the week most recently ended (with the end of the week being each Saturday), a Borrowing Base Certificate from the Borrower accompanied by such supporting detail and documentation as shall be requested by the Collateral Agent in its
reasonable credit judgment, which Borrowing Base Certificate shall be accompanied by the Borrower’s calculation of the marked-to-market exposure of Holdings and its Subsidiaries under any Hedging Agreements to which any of them is a party;

 (b) upon request by the Collateral Agent, and in no event less frequently than 20 days after the end of
(i) each month, a monthly trial balance showing future Accounts outstanding aged from due date as follows: 1 to 30 days, 31 to 60 days, 61 to 90 days and 91 days or more, accompanied by a comparison to the prior month’s trial balance and
such supporting detail and documentation as shall be requested by the Collateral Agent in its reasonable credit judgment and (ii) each month, a summary of Inventory by location and type accompanied by such supporting detail and documentation as
shall be requested by the Collateral Agent in its reasonable credit judgment (in each case, together with a copy of all or any part of such delivery requested by any Lender in writing after the Closing Date); 

(c) at the time of delivery of each of the financial statements delivered pursuant to Sections 5.01(b), a
reconciliation of the Accounts trial balance and quarter-end Inventory reports of Borrower and each Subsidiary Guarantor to the general ledger of such Loan Party, in each case, accompanied by such supporting detail and documentation as shall be
requested by the Collateral Agent in its reasonable credit judgment; 
  

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 (d) at the time of delivery of the financial statements referred to in
Section 5.01(a), an Inventory Appraisal to be conducted by an auditor, and in form, scope and substance, reasonably satisfactory to the Collateral Agent and Administrative Agent; and 

(e) such other reports, statements and reconciliations with respect to the Borrowing Base or Collateral of any or all Loan
Parties as the Collateral Agent shall from time to time request in its reasonable credit judgment. 
 The delivery of each
certificate and report or any other information delivered pursuant to this Section 5.15 shall constitute a representation and warranty by the Borrower that the statements and information contained therein are true and correct in all
material respects on and as of such date. 
 SECTION 5.16 Evidence of Water Availability. At such times as the
Administrative Agent or the Collateral Agent may reasonably request, Borrower shall deliver to the Administrative Agent and the Collateral Agent an Officer’s Certificate stating that Companies possess water rights that are expected to provide
from verifiable surface and ground water sources sufficient water to conduct operations materially similar to prior years’ operations. 

ARTICLE VI. 

NEGATIVE COVENANTS 

Each Loan Party covenants and agrees with each Lender that, so long as this Agreement shall remain in effect and until the Commitments
have been terminated and the principal of and interest on each Loan, all Fees and all other expenses or amounts payable under any Loan Document have been paid in full and all Letters of Credit have been canceled or have expired or been fully cash
collateralized and all amounts drawn thereunder have been reimbursed in full, unless the Required Lenders shall otherwise consent in writing, no Loan Party will, nor will they cause or permit any Subsidiaries to: 

SECTION 6.01 Indebtedness. Incur, create, assume or permit to exist, directly or indirectly, any Indebtedness, except: 

(a) Indebtedness incurred pursuant to this Agreement and the other Loan Documents; 

(b) (i) Indebtedness actually outstanding on the Closing Date and listed on Schedule 6.01(b), including, without
limitation, the Senior Notes or (ii) refinancings or renewals thereof; provided that (A) any such refinancing Indebtedness is in an aggregate principal amount not greater than the aggregate principal amount of the Indebtedness being
renewed or refinanced, plus the amount of any premiums required to be paid thereon and fees and expenses associated therewith, (B) such refinancing Indebtedness has a later or equal final maturity and longer or equal weighted average
life than the Indebtedness being renewed or refinanced and (C) the covenants, events of default, subordination and other provisions thereof (including any guarantees thereof) shall be, in the aggregate, no less favorable to the Lenders than
those contained in the Indebtedness being renewed or refinanced; 
  

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 (c) Indebtedness under Interest Rate Protection Agreements; provided
that (i) such Interest Rate Protection Agreements relate to payment obligations on Indebtedness otherwise permitted to be incurred by the Loan Documents and (ii) the notional principal amount set forth in such Interest Rate Protection
Agreements at the time incurred does not exceed the principal amount of the Indebtedness to which such Interest Rate Protection Agreements relate; 

(d) Indebtedness under Hedging Agreements (other than Interest Rate Protection Agreements) entered into from time to time
by any Company in accordance with Section 6.04(c); 
 (e) to the extent recorded in the
Companies’ intercompany account ledgers, intercompany Indebtedness of the Companies outstanding to the extent permitted by Sections 6.04(d); 

(f) Indebtedness of the Borrower and its Subsidiaries organized in a State within the United States in respect of Purchase
Money Obligations and Capital Lease Obligations and refinancings or renewals thereof (other than refinancings funded with intercompany advances), in an aggregate amount not to exceed $5.0 million at any time outstanding; 

(g) Indebtedness in respect of workers’ compensation claims, self-insurance obligations, performance bonds, surety
appeal or similar bonds and completion guarantees provided by a Company in the ordinary course of its business; 

(h) Contingent Obligations of any Loan Party in respect of Indebtedness of any other Loan Party otherwise permitted under
Section 6.01; 
 (i) Indebtedness in respect of taxes, assessments or governmental charges and claims
for labor, materials or supplies to the extent that payment thereof shall not at the time be required to be made in accordance with Section 5.05; 

(j) Indebtedness in respect of netting services and overdraft protections or arising from the honoring of a bank or other
financial institution of a check, draft or similar instrument drawn against insufficient funds in connection with deposit accounts, in each case in the ordinary course of business; 

(k) Subordinated Debt owing by Holdings; 

(l) Indebtedness in respect of sale and leaseback transactions permitted by Section 6.03; 

(m) Indebtedness of the Borrower with respect to (i) documentary letters of credit outstanding on the Closing Date
and listed on Schedule 6.01(m) and (ii) documentary letters of credit issued after the Closing Date in individual amounts not to exceed $75,000, and in the case of all such letters of credit described in this clause (m), not to
exceed an outstanding face amount at any time in excess of $2.0 million; and 
  

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 (n) other unsecured Indebtedness (not of the type covered in clauses
(a) through (m) above) of any Company not to exceed $5.0 million in the aggregate principal amount at any time outstanding. 

SECTION 6.02 Liens. Create, incur, assume or permit to exist, directly or indirectly, any Lien on any Property now owned or
hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except (the “Permitted Liens”): 

(a) (i) inchoate Liens for taxes, assessments or governmental charges or levies not yet due and payable or delinquent and
(ii) Liens for taxes, assessments or governmental charges or levies, which (A) are being contested in good faith by appropriate proceedings for which adequate reserves have been established in accordance with GAAP, which proceedings (or
orders entered in connection with such proceedings) have the effect of preventing the forfeiture or sale of the Property or assets encumbered by any such Lien, or (B) in the case of any such charge or claim which has become a choate Lien
against any of the Collateral, such Lien and the contest thereof shall satisfy the Contested Collateral Lien Conditions; 

(b) Liens in respect of Property of any Company imposed by law, which were incurred in the ordinary course of business and
do not secure Indebtedness for borrowed money, such as carriers’, warehousemen’s, materialmen’s, landlords’, workmen’s, suppliers’, repairmen’s and mechanics’ Liens and other similar Liens arising in the
ordinary course of business, and (i) which do not in the aggregate materially detract from the value of the Property of the Companies, taken as a whole, and do not materially impair the use thereof in the operation of the business of the
Companies, taken as a whole, and (ii) which do not pertain to Indebtedness that is due and payable or which pertain to Liens that are being contested in good faith by appropriate proceedings for which adequate reserves have been established in
accordance with GAAP, which proceedings (or orders entered in connection with such proceedings) have the effect of preventing the forfeiture or sale of the Property or assets encumbered by any such Lien; 

(c) Liens in existence on the Closing Date and set forth on Schedule 6.02(c); provided that (i) the
aggregate principal amount of the Indebtedness, if any, secured by such Liens does not increase; and (ii) such Liens do not encumber any Property other than the Property subject thereto on the Closing Date including any proceeds thereof;

 (d) easements, rights-of-way, restrictions (including zoning restrictions), covenants, encroachments,
protrusions and other similar charges or encumbrances, and minor title deficiencies on or with respect to any Real Property, in each case whether now or hereafter in existence, not (i) securing Indebtedness, (ii) individually or in the
aggregate materially impairing the value or saleability of such Real Property and (iii) individually or in the aggregate materially interfering with the conduct of the business of the Companies at such Real Property; 

(e) Liens arising out of judgments or awards not resulting in an Event of Default and in respect of which such Company
shall in good faith be prosecuting an appeal or proceedings for review in respect of which there shall be secured a subsisting 

 

 110 

 
stay of execution pending such appeal or proceedings; provided that the aggregate amount of all such judgments or awards (and any cash and the fair market value of any Property encumbered
by such Liens) does not exceed $1.0 million at any time outstanding; 
 (f) Liens (other than any Lien imposed by
ERISA) (i) imposed by law (other than any such Liens covered in other paragraphs of this Section 6.02) or deposits made in connection therewith in the ordinary course of business in connection with workers’ compensation,
unemployment insurance and other types of social security laws and regulations, (ii) incurred in the ordinary course of business to secure the performance of tenders, statutory obligations (other than excise taxes), surety, stay, customs and
appeal bonds, statutory bonds, bids, leases, government contracts, trade contracts, performance and return of money bonds and other similar obligations (exclusive of obligations for the payment of borrowed money) or (iii) arising by virtue of
deposits made in the ordinary course of business to secure liability for premiums to insurance carriers; provided that (w) with respect to clauses (i), (ii) and (iii) hereof, such Liens are for amounts not
yet due and payable or delinquent or, to the extent such amounts are so due and payable, such amounts are being contested in good faith by appropriate proceedings for which adequate reserves have been established in accordance with GAAP, which
proceedings for orders entered in connection with such proceedings have the effect of preventing the forfeiture or sale of the Property or assets encumbered by any such Lien, (x) to the extent such Liens are not imposed by law, such Liens shall
in no event encumber any Property other than cash and Cash Equivalents which have been deposited with such lienholder or has otherwise been subordinated to the Liens securing the Obligations hereunder pursuant to a Landlord Lien Waiver and Access
Agreement, (y) in the case of any such Lien against any of the Collateral, such Lien and the contest thereof shall satisfy the Contested Collateral Lien Conditions and (z) the aggregate amount of deposits at any time pursuant to clause
(ii) and (iii) shall not exceed $500,000 in the aggregate; 
 (g) The Leases set forth on
Schedule 6.02(g) (the “Existing Leases”) and such other Leases or subleases with respect to the assets or properties of any Company, in each case entered into in the ordinary course of such Company’s business so long as
such Leases (other than Existing Leases) are subordinate in all respects to the Liens granted and evidenced by the Security Documents and do not, individually or in the aggregate, (i) interfere in any material respect with the ordinary conduct
of the business of any Company or (ii) materially impair the use (for its intended purposes) or the value of the Property subject thereto; 

(h) Liens arising out of conditional sale, title retention, consignment or similar arrangements for the sale of goods
entered into by any Company in the ordinary course of business in accordance with the past practices of such Company; 

(i) Liens arising pursuant to Purchase Money Obligations or Capital Lease Obligations incurred pursuant to
Section 6.01(f); provided that (i) the Indebtedness secured by any such Lien (including refinancings thereof) does not exceed 100% of the purchase price and/or the cost of installation, construction or improvement of the
Property being acquired or leased at the time of the incurrence of such Indebtedness and 
  

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(ii) any such Liens attach only to the Property being financed pursuant to such Purchase Money Obligations or Capital Lease Obligations and the proceeds thereof and do not encumber any other
Property of any Company; 
 (j) bankers’ Liens, rights of setoff and other similar Liens existing solely
with respect to cash and Cash Equivalents on deposit in one or more accounts maintained by any Company, in each case granted in the ordinary course of business in favor of the financial institution or institutions with which such accounts are
maintained, securing amounts owing to such financial institution or institutions with respect to cash management and operating account arrangements, including those involving pooled accounts and netting arrangements; provided that in no case
shall any such Liens secure (either directly or indirectly) the repayment of any Indebtedness; 
 (k) Liens on
Property of a Person existing at the time such Person is acquired or merged with or into or consolidated with any Company (and not created in anticipation or contemplation thereof) so long as such merger or acquisition is permitted pursuant to
Section 6.05; provided that such Liens do not extend to Property not encumbered by such Liens at the time of acquisition (other than improvements thereon and the proceeds thereof) and are no more favorable to the lienholders than
the existing Lien; 
 (l) Liens granted pursuant to the Security Documents; 

(m) licenses or sublicenses of Intellectual Property granted by any Company in the ordinary course of business and not
interfering in any material respect with the ordinary conduct of the business of such Company; 
 (n) Liens in
favor of customs and revenues authorities which secure payment of customs duties in connection with the importation of goods to the extent required by law; 

(o) Liens deemed to exist in connection with set-off rights in the ordinary course of Loan Parties’ and their
Subsidiaries’ business; 
 (p) replacement, extension or renewal of any Lien permitted herein in the same
property previously subject thereto provided the underlying Indebtedness is permitted to be replaced, extended and renewed under Section 6.01(b); 

(q) the filing of financing statements solely as a precautionary measure in connection with operating leases or
consignment of goods; 
 (r) [Intentionally Omitted]; 

(s) Liens in respect of sale and leaseback transactions permitted by Section 6.03 and encumbering solely the
assets subject to such transaction; 
 (t) Liens attaching solely to cash earnout money deposits in connection
with any letter of intent or purchase agreement in connection with an acquisition permitted by Section 6.05; 
  

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 (u) Liens on documents and the goods covered thereby, rights under any
agreements with respect to such goods and other collateral customarily securing such letters of credit (and granted pursuant to standard form letter of credit applications) and proceeds of the foregoing, in each case, relating to the letters of
credit permitted under Section 6.01(m) and securing obligations with respect thereto; 
 (v) Liens
and other exceptions to title set forth in the Title Policy with respect to any Mortgaged Real Property to the extent not otherwise permitted under this Section 6.02 and agreed upon by the Collateral Agent; and 

(w) other Liens (not of a type set forth in clauses (a) through (v) above) incurred in the
ordinary course of business of any Company with respect to obligations (other than Indebtedness) that do not in the aggregate exceed $1.0 million at any time outstanding; 

provided, however, that no Liens shall be permitted to exist, directly or indirectly, on any Pledged Securities or Intercompany Notes (each
as defined in the Security Agreement) except Liens described in paragraphs (a) and (l) above. 

SECTION 6.03 Sale and Leaseback Transactions. Enter into any arrangement, directly or indirectly, with any Person whereby it shall
sell or transfer any Property, real or personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such Property or other Property which it intends to use for substantially the same purpose or
purposes as the Property being sold or transferred unless (i) no Default then exists or would result therefrom, (ii) to the extent the Lenders’ Revolving Exposure exceeds the Borrowing Base then in effect, the Borrower shall use the
consideration received for such sale and leaseback transaction to prepay the Loans and any interest in accordance with Section 2.10(b)(iii), (iii) the sale and leaseback transaction is with respect to one or more parcels
of Real Property identified on Schedule 6.03 hereto, (iv) Borrower or such Loan Party, as the case may be, receives consideration for such parcel of Real Property at the time of such sale and leaseback transaction at
least equal to 90% of the fair market value of the Real Property sold and leased back, (v) the aggregate fair market value of all Real Property permitted to be sold and leased back pursuant to this Section 6.03 shall not exceed
(A) $15.0 million, at any time that the Leverage Ratio (without giving effect to the proposed sale and leaseback) is less than 3.00 to 1.00 and greater than or equal to 2.25 to 1.00 and (B) $30.0 million, at any time the Leverage
Ratio (without giving effect to the proposed sale and leaseback) is less than 2.25 to 1.00, (vi) Borrower shall have delivered, at least five (5) Business Days prior to the closing of such sale and leaseback transaction thereto,
all agreements, documents and instruments pursuant to which the proposed sale and leaseback transaction is to be effected, all of which shall be on terms and in form and substance reasonably satisfactory to the Administrative Agent and the
Collateral Agent, (vii) Borrower shall have delivered a certificate to the Administrative Agent and the Collateral Agent certifying that no Default exists or would result after giving effect to the proposed sale and leaseback transaction and
identifying the Real Property subject to such sale and leaseback transaction and (viii) any Liens arising in connection with its use of such Real Property are permitted under Section 6.02. 

 

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 SECTION 6.04 Investment, Loan and Advances. Directly or indirectly, lend money or
credit or make advances to any Person, or purchase or acquire any stock, obligations or securities of, or any other interest in, or make any capital contribution to, any other Person, or purchase or own a futures contract or otherwise become liable
for the purchase or sale of currency or other commodities at a future date in the nature of a futures contract (all of the foregoing, collectively, “Investments”), except that the following shall be permitted: 

(a) Investments outstanding on the Closing Date and identified on Schedule 6.04(a); 

(b) the Companies may (i) acquire and hold accounts receivables owing to any of them if created or acquired in the
ordinary course of business and payable or dischargeable in accordance with customary terms, (ii) acquire and hold cash and Cash Equivalents, (iii) endorse negotiable instruments for collection in the ordinary course of business,
(iv) make lease, utility and other similar deposits in the ordinary course of business; or (v) make prepayments and deposits to suppliers in the ordinary course of business; 

(c) Borrower or Holdings (x) may enter into Interest Rate Protection Agreements to the extent permitted by
Section 6.01(c) and (y) may enter into and perform its obligations under Hedging Agreements entered into in the ordinary course of business and so long as any such Hedging Agreement is not speculative in nature and is
(i) (A) related to income derived from foreign operations of any Company or otherwise related to purchases permitted hereunder from foreign suppliers or (B) entered into to protect such Companies against fluctuations in the prices of
raw materials used in their businesses and (ii) permitted by Section 6.01(d); 
 (d) any Loan
Party may make intercompany loans and advances to any other Loan Party that is a Wholly Owned Subsidiary; provided that each such Loan Party is a party to the Intercompany Note, and such loan shall promptly be recorded on such Loan
Party’s ledgers as an intercompany loan and shall be pledged by such Loan Party that is the lender of such intercompany loan as Collateral pursuant to the Security Agreement, provided further that any Indebtedness of any Loan
Party permitted pursuant to this paragraph (d) shall be subordinated to the Loan Party’s Obligations in the manner set forth in the Intercompany Note evidencing such Indebtedness; 

(e) Borrower and the Subsidiary Guarantors may make loans and advances (including payroll, travel and entertainment
related advances) in the ordinary course of business to their respective employees so long as the aggregate principal amount thereof at any time outstanding (determined without regard to any write-downs or write-offs of such loans and advances)
shall not exceed $250,000; 
 (f) Borrower and the Subsidiary Guarantors may sell or transfer amounts and acquire
assets and otherwise make Investments to the extent permitted by Section 6.05; 
 (g) Borrower may
establish (i) Wholly Owned Subsidiaries to the extent permitted by Section 6.12 and (ii) non-Wholly Owned Subsidiaries and/or joint ventures 

 

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to the extent that Investments in such non-Wholly Owned Subsidiaries and/or joint ventures shall not exceed $1.0 million in the aggregate at any time outstanding, after taking into account
amounts returned in cash (including upon disposition); 
 (h) Investments (other than as described in
Section 6.04(d)) (i) by Borrower in any Subsidiary Guarantor and (ii) by any Company in Borrower or any Subsidiary Guarantor; 

(i) Investments in securities and instruments of trade creditors or customers in the ordinary course of business and
consistent with such Company’s past practices that are received in settlement of bona fide disputes or pursuant to any plan of reorganization or liquidation or similar arrangement upon the bankruptcy or insolvency of such trade creditors or
customers; 
 (j) Investments made by Borrower or any Subsidiary as a result of consideration received in
connection with an Asset Sale, or as a result of any acquisitions, each made in compliance with Section 6.05; 

(k) Loan Parties may hold Investments to the extent such Investments reflect an increase in the value of Investments
otherwise permitted under this Section 6.04 hereof; 
 (l) Investments in Deposit Accounts (as
defined in the Security Agreement) opened in the ordinary course of business provided such Deposit Accounts (as defined in the Security Agreement) are subject to Deposit Account Control Agreements (as defined in the Security Agreement) if required
hereunder; 
 (m) any Loan Party may capitalize or forgive any Indebtedness owed to it by other Loan Parties
(except that Borrower shall not forgive intercompany loans made to any other Loan Party); 
 (n) Investments in
cash or Cash Equivalents in Securities Accounts (as defined in the Security Agreement) opened in the ordinary course of business provided such Securities Accounts are subject to Securities Account Control Agreements (as defined in the Security
Agreement) if required hereunder; and 
 (o) Investments constituting Permitted Acquisitions. 

Notwithstanding anything to the contrary set forth in this Section 6.04, to the extent that any SPE License Sub is not a Subsidiary
Guarantor, the Loan Parties may only make a de minimis Investment in such SPE License Sub in connection with the formation and maintenance thereof. 

SECTION 6.05 Mergers, Consolidations, Sales of Assets and Acquisitions. Wind up, liquidate or dissolve its affairs or enter into
any transaction of merger or consolidation, or convey, sell, lease or otherwise dispose of (or agree to do any of the foregoing at any future time) all or any part of its Property or assets, or purchase or otherwise acquire (in one or a series of
related transactions) any part of the Property or assets of any Person (or agree to do any of the foregoing at any future time), except that: 

(a) Capital Expenditures by Borrower and its Subsidiaries shall be permitted to the extent permitted by
Section 6.08(d); 
  

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 (b) (i) purchases or other acquisitions of inventory, materials, equipment,
Real Property and intangible assets in the ordinary course of business (in each case, not constituting Capital Expenditures) shall be permitted, (ii) subject to Section 2.10(c), Asset Sales of used, worn out, obsolete or surplus
Property by any Company in the ordinary course of business, the abandonment or other Asset Sale of Intellectual Property that is, in the reasonable judgment of Borrower, no longer economically practicable to maintain or useful in the conduct of the
business of the Companies taken as a whole, and dispositions of assets expressly excluded from the definition of “Asset Sales” shall be permitted, and (iii) subject to Section 2.10(c), the sale, lease or other disposal of
any assets shall be permitted; provided that the aggregate consideration received in respect of all Asset Sales pursuant to this clause (b)(iii) shall not exceed $5.0 million in any four consecutive fiscal quarters of Borrower;

 (c) Permitted Acquisitions and Investments in connection with any transaction covered by this
Section 6.05 may be made to the extent permitted by Section 6.04; 
 (d) Borrower and its
Subsidiaries may sell Cash Equivalents and use cash for purposes that are otherwise permitted by the terms of this Agreement in the ordinary course of business; 

(e) Borrower and its Subsidiaries may lease (as lessee or lessor) real or personal Property and may guaranty such lease,
in each case, in the ordinary course of business and in accordance with the applicable Security Documents; 
 (f)
the Transactions shall be permitted as contemplated by the Transaction Documents; 
 (g) any Loan Party may
transfer (as a result of a dissolution, liquidation or otherwise) or lease Property to or acquire or lease Property from any Loan Party or any Loan Party may be merged into Borrower or a Wholly Owned Subsidiary (including as a result of the
dissolution or liquidation of such Loan Party), as long as Borrower or a Wholly Owned Subsidiary is the surviving corporation of such merger and, in the case of such Wholly Owned Subsidiary, it remains a Wholly Owned Subsidiary of Holdings;
provided that the Lien on and security interest in such Property granted or to be granted in favor of the Collateral Agent under the Security Documents shall be maintained or created in accordance with the provisions of
Section 5.11 or 5.12, as applicable; 
 (h) any Subsidiary (other than Borrower) that is not a
Subsidiary Guarantor may dissolve, liquidate or wind up its affairs at any time; provided that such dissolution, liquidation or winding up, as applicable, could not reasonably be expected to have a Material Adverse Effect; and 

(i) Asset Sales by any Company to any other Company shall be permitted; provided that such Asset Sale involving a
Subsidiary that it is not a Loan Party shall be otherwise in compliance with Section 6.07; 
  

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 (j) discounts or forgiveness of account receivables in the ordinary course
of business or in connection with collection or compromise thereof shall be permitted provided, the account debtor is not an Affiliate; 

(k) Permitted Liens (to the extent constituting a conveyance of Property) shall be permitted; 

(l) the sale of Inventory in the ordinary course of business shall be permitted; 

(m) the surrender or resale to the issuer of Equity Interests of a Person that is not a Loan Party that are owned by any
Company having a value of not greater than $500,000 in the aggregate shall be permitted with the prior consent (not to be unreasonably withheld or delayed) of the Administrative Agent; 

(n) subject to Section 2.10(f), any replacement of Property subject to a Casualty Event; and 

(o) dispositions of Property subject to any sale and leaseback transactions permitted under Section 6.03, so
long as both immediately prior to any such transaction and, on a pro forma basis, immediately after any such transaction, Total Liquidity shall be no less than $15.0 million 

To the extent the Required Lenders waive the provisions of this Section 6.05 with respect to the sale of any Collateral, or any Collateral is
sold as permitted by this Section 6.05, such Collateral (unless sold to a Company) shall be sold free and clear of the Liens created by the Security Documents, and the Agents shall take all actions deemed appropriate in order to effect
the foregoing. 
 SECTION 6.06 Dividends. Authorize, declare or pay, directly or indirectly, any Dividends with respect
to any Company, except that: 
 (a) any Subsidiary (i) may pay cash Dividends to Borrower or any Wholly
Owned Subsidiary of Borrower and (ii) if such Subsidiary is not a Wholly Owned Subsidiary of Borrower, may pay cash Dividends to its equityholders generally so long as Borrower or its Subsidiary which owns the Equity Interest or interests in
the Subsidiary paying such Dividends receives at least its proportionate share thereof (based upon its relative holdings of Equity Interests in the Subsidiary paying such Dividends and taking into account the relative preferences, if any, of the
various classes of Equity Interests in such Subsidiary); 
 (b) so long as no Default exists or would result
therefrom, Borrower may pay Dividends to Holdings for the purpose of enabling Holdings to, and Holdings may, repurchase outstanding shares of its common stock (or elects to purchase such common stock) following the death, disability, retirement or
termination of employment of employees, officers or directors of any Company; provided that, such Dividends and repurchases may be made solely from (i) a substantially concurrent issuance of Holding’s common stock (or options to
purchase such common stock) to other employees, members of management, executive officers or directors of any Company or to any Permitted 

 

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Holder, (ii) the proceeds of any other Equity Issuance completed during the fiscal year in which such repurchase is made, (iii) proceeds received by any Loan Party from the proceeds of
any key man life insurance policy maintained for the benefit of any Loan Party and (iv) other cash available to any Loan Party in an aggregate amount not to exceed $2,000,000 in any fiscal year; 

(c) Borrower may pay cash Dividends to Holdings for the purpose of paying, so long as all proceeds thereof are promptly
used by Holdings to pay, its franchise taxes and operating expenses incurred in the ordinary course of business and other corporate overhead costs and expenses (including legal and accounting expenses and similar expenses and customary fees to
non-officer directors of Holdings); provided that the aggregate amount of Dividends paid to Holdings pursuant to this clause (c) shall not exceed $350,000 in any fiscal year of Holdings; 

(d) Borrower may pay cash Dividends to Holdings for the purpose of paying, so long as all proceeds thereof are promptly
used by Holdings to pay, its income tax when and as due or management fees permitted to be paid pursuant to Section 6.07(d); 

(e) [Intentionally omitted]; and 

(f) So long as no Default or Event of Default exists or would result therefrom, the Borrower may pay Dividends to Holdings
to permit Holdings to pay expenses incurred by Holdings in connection with any future initial public offering of Holdings in an aggregate amount not to exceed $2.0 million since the Third Amendment Effective Date. 

SECTION 6.07 Transactions with Affiliates. Enter into, directly or indirectly, any transaction or series of related transactions,
whether or not in the ordinary course of business, with any Affiliate of any Company (other than between or among Borrower and their Wholly Owned Subsidiaries), other than in the ordinary course of business and on terms and conditions substantially
as favorable to such Company as would reasonably be obtained by such Company at that time in a comparable arm’s-length transaction with a Person other than an Affiliate, except that: 

(a) Dividends may be paid to the extent provided in Section 6.06; 

(b) loans may be made and repaid and other transactions may be entered into between and among any Company and its
Affiliates to the extent permitted by Sections 6.01 and 6.04; 
 (c) customary fees may be paid to
non-officer directors of any Company and customary indemnities may be provided to all directors of any Company; 

(d) Holdings or Borrower may pay (i) management fees to Wasserstein & Co., LP from time to time pursuant to
the Management Services Agreement as in effect on the Original Closing Date and (ii) in connection with the termination of the Management Services Agreement in connection with an IPO, the Management Services Agreement Termination Fee to
Wasserstein & Co. LP; 
  

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 (e) Borrower or any Subsidiary may make payments to Holdings pursuant to the
Tax Sharing Agreement as in effect on the Original Closing Date; 
 (f) the Transactions may be effected.

 SECTION 6.08 Financial Covenants. 

(a) Minimum Fixed Charge Coverage Ratio. If Available Cash as of
December 31st of any year is less than $50.0 million,
permit the Consolidated Fixed Charge Coverage Ratio at the end of the Test Period ending closest to such
December 31st, to be less than 1.0 to 1.0.

 (b) Limitation on Capital Expenditures. Permit the aggregate amount of Capital Expenditures made in any
fiscal year set forth in the table below to exceed the amount set forth opposite such fiscal year: 
  

				
	 Fiscal Year
	  	Amount
	 Fiscal year 2010
	  	$	30.0 million
	 Fiscal year 2011
	  	$	32.0 million
	 Fiscal year 2012
	  	$	25.0 million
	 Fiscal year 2013
	  	$	25.0 million
	 Fiscal year 2014
	  	$	25.0 million

provided, however, that (x) if the aggregate amount of Capital Expenditures described in clause (b) above
for any fiscal year (excluding any Capital Expenditures in such fiscal year for the Hebron Facility Project (defined below) (the “Hebron Capital Expenditures”)) shall be less than the amount permitted in clause (b) above
for such fiscal year (before giving effect to any carryover), then 50% of the shortfall may be added to the amount of Capital Expenditures permitted in clause (b) above for the immediately succeeding (but not any other) fiscal year if
the amount expended in such fiscal year would not exceed 150% of the amount permitted for such fiscal year (before any carryover and excluding any Hebron Capital Expenditures) and (y) in determining whether any amount is available for
carryover, the amount expended in any fiscal year shall first be deemed to be from the amount allocated to such year before any carryover; provided, further, notwithstanding the limitations set forth above, the Loan Parties are
permitted to incur up to $14,500,000 in the aggregate of additional Capital Expenditures on and after the First Amendment Effective Date to increase their manufacturing capacity and infrastructure at their facility located in Hebron, Ohio (the
“Hebron Facility Project”). Capital Expenditures made with the proceeds of casualty insurance or condemnation awards to repair or replace the property with respect to which such proceeds were paid shall not reduce the amount of
capital expenditures otherwise permitted pursuant to this Section 6.08(b). 
 SECTION 6.09 Limitation on
Modifications of Indebtedness; Modifications of Certificate of Incorporation, or Other Constitutive Documents, By-laws and Certain Other Agreements, Etc. 
  

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 (a) Amend or modify, or permit the amendment or modification of, any
provision of existing Indebtedness or of any agreement relating thereto (including any purchase agreement, indenture, loan agreement or security agreement), including, without limitation, any of the Senior Note Documents, other than any amendments
or modifications to Indebtedness which do not in any way materially adversely affect the interests of the Lenders and are otherwise permitted under Section 6.01(b); 

(b) make (or give notice in respect of) any voluntary prepayment on, or voluntary redemption or
acquisition for value of, any Indebtedness outstanding under the Senior Note Documents other than, so long as no Default or Event of Default shall have occurred and be continuing at the time of such prepayment or redemption, (A) prepayments or
redemptions of up to 35% of the aggregate principal balance of the Senior Fixed Rate Notes and up to 35% of the aggregate principal balance of the Senior Floating Rate Notes with proceeds of one or more Qualified Equity Offerings in accordance with
the terms of the Senior Note Indenture and made no later than the
90th day after the completion of the related Equity
Issuance and (B) prepayments, redemptions or open market purchases of Senior Notes (provided that the consideration paid in connection with any such open market purchase shall not exceed the amount that would be required to be paid in
connection with a prepayment or redemption of the Senior Notes so purchased) up to an amount equal to the Excess Cash Flow Prepayment Amount at the time of such prepayment, redemption or purchase; 

(c) amend or modify, or permit the amendment or modification of, any other Transaction Document except for amendments or
modifications which are not in any way adverse in any material respect to the interests of the Lenders; 
 (d)
amend, modify or change its articles of incorporation or other constitutive documents (including by the filing or modification of any certificate of designation) or by-laws, or any agreement entered into by it, with respect to its capital stock
(including any shareholders’ agreement), or enter into any new agreement with respect to its capital stock, other than any amendments, modifications, agreements or changes pursuant to this clause (d) or any such new agreements
pursuant to this clause (d) which do not in any way materially adversely affect in any material respect the interests of the Lenders; and provided that any Loan Party may issue such capital stock as is not prohibited by
Section 6.11 or any other provision of this Agreement and may amend articles of incorporation or other constitutive documents to authorize any such capital stock; or 

(e) make any (or give notice in respect of) any voluntary prepayment on, or voluntary redemption or acquisition for value
of, any Subordinated Debt other than, so long as no Default or Event of Default shall have occurred and be continuing at the time of such prepayment, prepayments of Subordinated Debt issued to and held by Permitted Holders and the proceeds of which
were used to make an acquisition permitted by Section 6.05 with the proceeds of a substantially concurrent (i) issuance of other Subordinated Debt, (ii) Equity Issuance of Holdings’ common stock or (iii) capital
contribution to Holdings. 
  

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 SECTION 6.10 Limitation on Certain Restrictions on Subsidiaries. Directly or
indirectly, create or otherwise cause or suffer to exist or become effective any encumbrance or restriction on the ability of any Subsidiary to (a) pay dividends or make any other distributions on its capital stock or any other interest or
participation in its profits owned by Borrower or any other Subsidiary, or pay any Indebtedness owed to Borrower or any other Subsidiary, (b) make loans or advances to Borrower or any Subsidiary of Borrower or (c) transfer any of its
properties to Borrower or any Subsidiary of Borrower, except for such encumbrances or restrictions existing under or by reason of (i) applicable law; (ii) this Agreement and the other Loan Documents; (iii) the Senior Note Documents;
(iv) customary provisions restricting subletting or assignment of any Lease governing a leasehold interest of Borrower or any Subsidiary of Borrower; (v) customary provisions restricting assignment of any agreement (including any
Investment permitted hereunder) entered into by Borrower or any Subsidiary of Borrower in the ordinary course of business; (vi) the right of any holder of a Lien permitted by Section 6.02 to restrict the transfer of the asset or
assets subject thereto; (vii) restrictions which are not more restrictive than those contained in this Agreement contained in any documents governing any Indebtedness incurred after the Closing Date in accordance with the provisions of this
Agreement; (viii) customary restrictions and conditions contained in any agreement relating to the sale of any Property permitted under Section 6.05 pending the consummation of such sale; (ix) any agreement in effect at the
time such Subsidiary becomes a Subsidiary, so long as such agreement was not entered into in contemplation of such Person becoming a Subsidiary and such agreement does not affect any other Company; or (x) in the case of any joint venture which
is not a Loan Party in respect of any matters referred to in clauses (b) and (c) above, restrictions in such Person’s organizational or governing documents or pursuant to any joint venture agreement or stockholders
agreements solely to the extent of the Equity Interests of or assets held in the subject joint venture or other entity. 

SECTION 6.11 Limitation on Issuance of Capital Stock.

(a) With respect to Holdings, issue any Equity Interest that is not Qualified Capital Stock. 

(b) Borrower will not, and Borrower will not permit any Subsidiary of Borrower, to issue any Equity Interest (including by
way of sales of treasury stock) or any options or warrants to purchase, or securities convertible into, any Equity Interest, except (i) for stock splits, stock dividends and additional Equity Interests issuances which do not decrease the
percentage ownership of Borrower by Holdings or of any Subsidiaries by Borrower or any other Subsidiary of Borrower in any class of the Equity Interest of such Subsidiary; (ii) Subsidiaries of Borrower formed after the Closing Date pursuant to
Section 6.12 may issue Equity Interests to Borrower or the Subsidiary which is to own such stock; and (iii) Borrower may issue common stock that is Qualified Capital Stock to Holdings. All Equity Interests issued in accordance with
this Section 6.11(b) shall, to the extent required by Section 5.12 or the Security Agreement, be delivered to the Collateral Agent for pledge pursuant to the Security Agreement. 

SECTION 6.12 Limitation on Creation of Subsidiaries. Establish, create or acquire any additional Subsidiaries without the prior
written consent of the Required Lenders; provided that (a) Borrower may establish or create one or more Wholly Owned Subsidiaries of 

 

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Borrower or one of its Wholly Owned Subsidiaries (other than SPE License Subs) without consent so long as (i) 100% of the Equity Interests of any new Wholly Owned Subsidiary (or, in the case
of Foreign Subsidiaries, 65%) are upon the creation or establishment of any such new Wholly Owned Subsidiary pledged and delivered to the Collateral Agent for the benefit of the Secured Parties under the Security Agreement and (ii) upon the
creation or establishment of any such new Wholly Owned Subsidiary (other than a Foreign Subsidiary), such Subsidiary becomes a party to the applicable Security Documents and shall become a Guarantor hereunder and execute a Joinder Agreement and the
other Loan Documents all in accordance with Section 5.11(b) above and (b) Borrower may establish or create one or more SPE License Subs of Borrower or one of its Wholly Owned Subsidiaries without consent so long as, (i) to the
extent permitted by applicable Requirements of Law and required by the Administrative Agent in its discretion, 100% of the Equity Interests of any new SPE License Sub owned by Borrower or one or more of its Subsidiaries are, within 10 Business Days
after the formation thereof (as such time may be extended by the Administrative Agent in its discretion) to the extent permitted by applicable Requirements of Law and required by the Administrative Agent in its commercially reasonable discretion,
pledged and delivered to the Collateral Agent for the benefit of the Secured Parties under the Security Agreement, (ii) within 10 Business Days after the formation thereof (as such time may be extended by the Administrative Agent in its
discretion), such SPE License Sub becomes a party to the applicable Security Documents and shall become a Guarantor hereunder and execute a Joinder Agreement and the other Loan Documents all in accordance with, and to the extent required by,
Section 5.11(b) above, (iii) each such SPE License Sub shall be formed solely for the purpose of holding one or more licenses to sell alcoholic beverages, and (iv) no such SPE License Sub shall have any employees, conduct any
activities other than holding any such license to sell alcoholic beverages and activities incidental thereto or incur any Indebtedness or other material liabilities of any kind. 

SECTION 6.13 Business. 

(a) With respect to Holdings, engage in any business activities or have any assets or liabilities, other than
(i) its ownership of the Equity Interests of Borrower, (ii) rights and obligations under the Loan Documents, the Senior Note Documents and the other Transaction Documents and Tax Sharing Agreements and Indebtedness permitted under
Section 6.01(k) and (iii) activities, obligations and assets incidental to the foregoing clauses (i) and (ii). 

(b) With respect to Borrower and the Subsidiaries, engage (directly or indirectly) in any business other than those
businesses in which Borrower and its Subsidiaries are engaged on the Closing Date and business ancillary thereto. 
 SECTION
6.14 Limitation on Accounting Changes. Make or permit, any change in accounting policies or reporting practices, without the consent of the Required Lenders, which consent shall not be unreasonably withheld, except changes that, in the
aggregate, could not reasonably be expected to result in a Material Adverse Effect or are required by GAAP. 
 SECTION 6.15
Fiscal Year. Change its fiscal year end to a date other than the last Saturday of each June (except that the Borrower may change its tax year end to correspond with its fiscal year end). 

 

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 SECTION 6.16 No Negative Pledges. Directly or indirectly enter into or assume any
agreement (other than this Agreement and the Senior Note Documents and refinancings thereof permitted hereunder) prohibiting the creation or assumption of any Lien upon its properties or assets, whether now owned or hereafter acquired, except for
Property subject to purchase money security interests, operating leases and capital leases and Property subject to Liens permitted by Sections 6.02(c) and 6.02(k), licenses with respect to intellectual property licensed from third
parties in the ordinary course of business and Property of SPE License Subs to the extent required by applicable Requirements of Law. 

SECTION 6.17 Lease Obligations. Create, incur, assume or suffer to exist any obligations as lessee for the rental or hire of real
or personal Property of any kind under leases or agreements to lease having an original term of one year or more that would cause the direct and contingent liabilities of the Borrower and its Subsidiaries, on a consolidated basis, in respect of all
such obligations (exclusive of such obligations constituting Capital Lease Obligations and obligations with respect to leases of any property sold pursuant to a sale and leaseback transaction permitted by Section 6.03) to exceed $30.0
million payable in any period of 12 consecutive months. 
 SECTION 6.18 Intentionally Omitted. 

SECTION 6.19 Anti-Terrorism Law; Anti-Money Laundering. Directly or indirectly, (i) knowingly conduct any business or engage
in making or receiving any contribution of funds, goods or services to or for the benefit of any person described in Section 3.25, (ii) knowingly deal in, or otherwise engage in any transaction relating to, any property or interests
in property blocked pursuant to the Executive Order or any other Anti-Terrorism Law, or (iii) knowingly engage in or conspire to engage in any transaction that evades or avoids, or has the purpose of evading or avoiding, or attempts to violate,
any of the prohibitions set forth in any Anti-Terrorism Law (and the Loan Parties shall deliver to the Lenders any certification or other evidence requested from time to time by any Lender in its reasonable discretion, confirming the Loan
Parties’ compliance with this Section 6.19). Cause or permit any of the funds of such Loan Party that are used to repay the Loans to be derived from any unlawful activity with the result that the making of the Loans would be in
violation of law. 
 SECTION 6.20 Embargoed Person. Cause or permit (a) any of the funds or properties of the Loan
Parties that are used to repay the Loans to constitute property of, or be beneficially owned directly or indirectly by, any person subject to sanctions or trade restrictions under United States law (“Embargoed Person” or
“Embargoed Persons”) that is identified on (1) the “List of Specially Designated Nationals and Blocked Persons” (the “SDN List”) maintained by OFAC and/or on any other similar list (“Other
List”) maintained by OFAC pursuant to any authorizing statute including, but not limited to, the International Emergency Economic Powers Act, 50 U.S.C. §§ 1701 et seq., The Trading with the Enemy Act, 50 U.S.C. App. 1 et seq., and
any Executive Order or regulation promulgated thereunder, with the result that the investment in the Loan Parties (whether directly or indirectly) is prohibited by law, or the Loans made by the Lenders would be in violation of law, or (2) the
Executive Order, any related enabling legislation or any other similar Executive Orders (collectively, “Executive Orders”), or (b) any Embargoed Person to have any direct or indirect interest, of any nature whatsoever in the
Loan Parties, with the result that the investment in the Loan Parties (whether directly or indirectly) is prohibited by law or the Loans are in violation of law. 

 

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 SECTION 6.21 PACA License. Obtain or attempt to obtain a dealer license under PACA
without obtaining Administrative Agent’s prior written consent. 
 ARTICLE VII. 

GUARANTEE 

SECTION 7.01 The Guarantee. The Guarantors hereby jointly and severally guarantee as a primary obligor and not as a surety to each
Secured Party and their respective successors and assigns the prompt payment in full when due (whether at stated maturity, by acceleration or otherwise) of the principal of and interest (including any interest, fees, costs or charges that would
accrue but for the provisions of the Title 11 of the United States Code after any bankruptcy or insolvency petition under Title 11 of the United States Code) on the Loans made by the Lenders to, and the Notes held by each Lender of, Borrower, and
all other Obligations from time to time owing to the Secured Parties by any Loan Party under any Loan Document or Interest Rate Protection Agreement relating to the Loans, in each case strictly in accordance with the terms thereof (such obligations
being herein collectively called the “Guaranteed Obligations”). The Guarantors hereby jointly and severally agree that if Borrower or other Guarantor(s) shall fail to pay in full when due (whether at stated maturity, by acceleration
or otherwise) any of the Guaranteed Obligations, the Guarantors will promptly pay the same, without any demand or notice whatsoever, and that in the case of any extension of time of payment or renewal of any of the Guaranteed Obligations, the same
will be promptly paid in full when due (whether at extended maturity, by acceleration or otherwise) in accordance with the terms of such extension or renewal. 

SECTION 7.02 Obligations Unconditional. The obligations of the Guarantors under Section 7.01 shall constitute a
guaranty of payment and are absolute, irrevocable and unconditional, joint and several, irrespective of the value, genuineness, validity, regularity or enforceability of the Guaranteed Obligations of Borrower under this Agreement, the Notes, if any,
or any other agreement or instrument referred to herein or therein, or any substitution, release or exchange of any other guarantee of or security for any of the Guaranteed Obligations, and, to the fullest extent permitted by applicable law,
irrespective of any other circumstance whatsoever that might otherwise constitute a legal or equitable discharge or defense of a surety or Guarantor (except for payment in full). Without limiting the generality of the foregoing, it is agreed that
the occurrence of any one or more of the following shall not alter or impair the liability of the Guarantors hereunder which shall remain absolute, irrevocable and unconditional under any and all circumstances as described above: 

(a) the genuineness, validity, regularity, enforceability or any future amendment of, or change in, this Agreement, any
other Loan Document or any other agreement, document or instrument to which Borrower is or may become a party; 

(b) the absence of any action to enforce this Agreement or any other Loan Document or the waiver or consent by
Administrative Agent and Lenders with respect to any of the provisions thereof; 
  

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 (c) the existence, value or condition of, or failure to perfect its Lien
against, any security for the Obligations or any action, or the absence of any action, by Administrative Agent and Lenders in respect thereof (including the release of any such security); 

(d) the insolvency of Borrower or any Guarantor; 

(e) at any time or from time to time, without notice to the Guarantors, the time for any performance of or compliance with
any of the Guaranteed Obligations shall be extended, or such performance or compliance shall be waived; 
 (f)
any of the acts mentioned in any of the provisions of this Agreement or the Notes, if any, or any other agreement or instrument referred to herein or therein shall be done or omitted; 

(g) the maturity of any of the Guaranteed Obligations shall be accelerated, or any of the Guaranteed Obligations shall be
amended in any respect, or any right under the Loan Documents or any other agreement or instrument referred to herein or therein shall be amended or waived in any respect or any other guarantee of any of the Guaranteed Obligations or any security
therefor shall be released or exchanged in whole or in part or otherwise dealt with; 
 (h) any lien or security
interest granted to, or in favor of, Issuing Bank or any Lender or Agent as security for any of the Guaranteed Obligations shall fail to be perfected; 

(i) the release of Borrower or any Guarantor; or 

(j) any other action or circumstances that might otherwise constitute a legal or equitable discharge or defense of a
surety or guarantor (other than payment in full in cash of all Obligations and the termination of all Commitments). 
 The
Guarantors hereby expressly waive diligence, presentment, demand of payment, protest and all notices whatsoever, and any requirement that any Secured Party exhaust any right, power or remedy or proceed against Borrower under this Agreement or the
Notes, if any, or any other agreement or instrument referred to herein or therein, or against any other Person under any other guarantee of, or security for, any of the Guaranteed Obligations. The Guarantors waive any and all notice of the creation,
renewal, extension, waiver, termination or accrual of any of the Guaranteed Obligations and notice of or proof of reliance by any Secured Party upon this Guarantee or acceptance of this Guarantee, and the Guaranteed Obligations, and any of them,
shall conclusively be deemed to have been created, contracted or incurred in reliance upon this Guarantee, and all dealings between Borrower and the Secured Parties shall likewise be conclusively presumed to have been had or consummated in reliance
upon this Guarantee. This Guarantee shall be construed as a continuing, absolute, irrevocable and unconditional guarantee of payment without regard to any right of offset with respect to the Guaranteed Obligations at any time or from time to time
held by Secured Parties, and the obligations and liabilities of the Guarantors hereunder shall not be conditioned or contingent upon the pursuit by the Secured Parties or any other Person at any time of any right or remedy against Borrower or
against any 
  

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other Person which may be or become liable in respect of all or any part of the Guaranteed Obligations or against any collateral security or guarantee therefor or right of offset with respect
thereto. This Guarantee shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon the Guarantors and the successors and assigns thereof, and shall inure to the benefit of the Lenders, and their
respective successors and assigns, notwithstanding that from time to time during the term of this Agreement there may be no Guaranteed Obligations outstanding. 

SECTION 7.03 Reinstatement. The obligations of the Guarantors under this Article VII shall be automatically reinstated
if and to the extent that for any reason any payment by or on behalf of Borrower or other Loan Party in respect of the Guaranteed Obligations is rescinded or must be otherwise restored by any holder of any of the Guaranteed Obligations, whether as a
result of any proceedings in bankruptcy or reorganization or otherwise. The Guarantors jointly and severally agree that they will indemnify each Secured Party on demand for all reasonable costs and expenses (including reasonable fees of counsel)
incurred by such Secured Party in connection with such rescission or restoration, including any such costs and expenses incurred in defending against any claim alleging that such payment constituted a preference, fraudulent transfer or similar
payment under any bankruptcy, insolvency or similar law, other than any costs or expenses resulting from the gross negligence, bad faith or willful misconduct of such Secured Party. 

SECTION 7.04 Subrogation; Subordination. Each Guarantor hereby agrees that until the indefeasible payment and satisfaction in full
in cash of all Guaranteed Obligations and the expiration and termination of the Commitments of the Lenders under this Agreement it shall not exercise any right or remedy arising by reason of any performance by it of its guarantee in
Section 7.01, whether by subrogation or otherwise, against Borrower or any other Guarantor of any of the Guaranteed Obligations or any security for any of the Guaranteed Obligations. The payment of any amounts due with respect to any
Indebtedness of Borrower or any other Guarantor now or hereafter owing to any Guarantor or Borrower by reason of any payment by such Guarantor under the Guarantee in this Article VII is hereby subordinated to the prior indefeasible payment in
full in cash of the Guaranteed Obligations. In addition, any Indebtedness of the Guarantors now or hereafter held by any Guarantor is hereby subordinated in right of payment in full in cash to the Guaranteed Obligations. Each Guarantor agrees that
it will not demand, sue for or otherwise attempt to collect any such Indebtedness of Borrower to such Guarantor until the Obligations shall have been indefeasibly paid in full in cash. If, notwithstanding the foregoing sentence, any Guarantor shall
prior to the indefeasible payment in full in cash of the Guaranteed Obligations collect, enforce or receive any amounts in respect of such Indebtedness, such amounts shall be collected, enforced and received by such Guarantor as trustee for the
Secured Parties and be paid over to Administrative Agent on account of the Guaranteed Obligations without affecting in any manner the liability of such Guarantor under the other provisions of the guaranty contained herein. 

SECTION 7.05 Remedies. The Guarantors jointly and severally agree that, as between the Guarantors and the Lenders, the obligations
of Borrower under this Agreement and the Notes, if any, may be declared to be forthwith due and payable as provided in Article VIII (and shall be deemed to have become automatically due and payable in the circumstances provided in said
Article VIII) for purposes of Section 7.01, notwithstanding any stay, injunction 
  

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or other prohibition preventing such declaration (or such obligations from becoming automatically due and payable) as against Borrower and that, in the event of such declaration (or such
obligations being deemed to have become automatically due and payable), such obligations (whether or not due and payable by Borrower) shall forthwith become due and payable by the Guarantors for purposes of Section 7.01. 

SECTION 7.06 Instrument for the Payment of Money. Each Guarantor hereby acknowledges that the guarantee in this Article VII
constitutes an instrument for the payment of money, and consents and agrees that any Lender or Agent, at its sole option, in the event of a dispute by such Guarantor in the payment of any moneys due hereunder, shall have the right to bring a
motion-action under New York CPLR Section 3213. 
 SECTION 7.07 Continuing Guarantee. The guarantee in this
Article VII is a continuing guarantee of payment, and shall apply to all Guaranteed Obligations whenever arising. 

SECTION 7.08 General Limitation on Guarantee Obligations. In any action or proceeding involving any state corporate law, or any
state, federal or foreign bankruptcy, insolvency, reorganization or other law affecting the rights of creditors generally, if the obligations of any Guarantor under Section 7.01 would otherwise be held or determined to be void, voidable,
invalid or unenforceable, or subordinated to the claims of any other creditors, on account of the amount of its liability under Section 7.01, then, notwithstanding any other provision to the contrary, the amount of such liability shall,
without any further action by such Guarantor, any Loan Party or any other Person, be automatically limited and reduced to the highest amount that is valid and enforceable and not subordinated to the claims of other creditors as determined in such
action or proceeding. 
 ARTICLE VIII. 

EVENTS OF DEFAULT 

In case of the happening of any of the following events (“Events of Default”): 

(a) default shall be made in the payment of any principal of any Loan or the reimbursement with respect to any LC
Disbursement when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof or by acceleration thereof or otherwise; 

(b) default shall be made in the payment of any interest on any Loan or any Fee or any other amount (other than an amount
referred to in clause (a) above) due under any Loan Document, when and as the same shall become due and payable, and such default shall continue unremedied for a period of three (3) Business Days; 

(c) any representation or warranty made or deemed made in or in connection with any Loan Document or the borrowings or
issuances of Letters of Credit hereunder, shall prove to have been false or misleading in any material respect when so made, deemed made or furnished; 
  

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 (d) default shall be made in the due observance or performance by any
Company of any covenant, condition or agreement contained in Section 5.02, 5.03 or 5.08 or in Article VI; 

(e) default shall be made in the due observance or performance by any Company of any covenant, condition or agreement
contained in any Loan Document (other than those specified in clauses (a), (b) or (d) above) and such default shall continue unremedied or shall not be waived for a period of 20 days after written notice thereof from
the Administrative Agent or any Lender to Borrower; 
 (f) any Company shall (i) fail to pay any principal
or interest, regardless of amount, due in respect of any Indebtedness (other than the Obligations), when and as the same shall become due and payable (after giving effect to any applicable grace period) or (ii) fail to observe or perform any
term, covenant, condition or agreement contained in any agreement or instrument evidencing or governing any such Indebtedness if the effect of any failure referred to in this clause (ii) is to cause, or to permit the holder or holders of
such Indebtedness or a trustee on its or their behalf to cause, such Indebtedness to become due prior to its stated maturity; provided that it shall not constitute an Event of Default pursuant to this paragraph (f) unless the
aggregate amount of all such Indebtedness referred to in clauses (i) and (ii) exceeds $3.0 million at any one time; 

(g) an involuntary proceeding shall be commenced or an involuntary petition shall be filed in a court of competent
jurisdiction seeking (i) relief in respect of any Company, or of a substantial part of the Property or assets of any Company, under Title 11 of the United States Code, as now constituted or hereafter amended, or any other federal, state or
foreign bankruptcy, insolvency, receivership or similar law; (ii) the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for any Company or for a substantial part of the Property or assets of any
Company; or (iii) the winding-up or liquidation of any Company; and, in any such case, such proceeding or petition shall continue undismissed for 60 days or an order or decree approving or ordering any of the foregoing shall be entered;

 (h) any Company shall (i) voluntarily commence any proceeding or file any petition seeking relief under
Title 11 of the United States Code, as now constituted or hereafter amended, or any other federal, state or foreign bankruptcy, insolvency, receivership or similar law; (ii) consent to the institution of, or fail to contest in a timely and
appropriate manner, any proceeding or the filing of any petition described in (g) above; (iii) apply for or consent to the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for any Company or for
a substantial part of the Property or assets of any Company; (iv) file an answer admitting the material allegations of a petition filed against it in any such proceeding; (v) make a general assignment for the benefit of creditors;
(vi) become unable (after taking into account all rights of contribution), admit in writing its inability or fail generally to pay its debts as they become due; (vii) take any action for the purpose of effecting any of the foregoing; or
(viii) except as permitted under this Agreement, wind up or liquidate; 
  

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 (i) one or more judgments for the payment of money in an aggregate amount in
excess of $2.0 million shall be rendered against any Company or any combination thereof and the same shall remain undischarged for a period of 30 consecutive days during which execution shall not be effectively stayed, or any action shall be legally
taken by a judgment creditor to levy upon assets or properties of any Company to enforce any such judgment; 

(j) an ERISA Event shall have occurred that, in the opinion of the Required Lenders, when taken together with all other
such ERISA Events, could reasonably be expected to result in liability of any Company and its ERISA Affiliates in an aggregate amount exceeding $2.0 million or the imposition of a Lien on any assets of a Company with respect to any such liability;

 (k) any security interest and Lien purported to be created by any Security Document shall cease to be in full
force and effect, or shall cease to give the Collateral Agent, for the benefit of the Secured Parties, the Liens, rights, powers and privileges purported to be created and granted under such Security Documents (including a perfected first priority
security interest in and Lien on, all of the Collateral thereunder (except as otherwise expressly provided in such Security Document)) in favor of the Collateral Agent, or shall be asserted by Borrower or any other Loan Party not to be, a valid,
perfected (except as otherwise expressly provided in this Agreement or such Security Document), first priority (except as otherwise expressly provided in this Agreement or such Security Document) security interest in or Lien on the Collateral
covered thereby; 
 (l) the Guarantees shall cease to be in full force and effect, unless in connection with the
sale, merger or dissolution of a Guarantor to the extent permitted under Section 6.05 hereof; 
 (m)
any Loan Document or any material provisions thereof shall at any time and for any reason be declared by a court of competent jurisdiction to be null and void, or a proceeding shall be commenced by any Loan Party or any other Person, or by any
Governmental Authority, seeking to establish the invalidity or unenforceability thereof (exclusive of questions of interpretation of any provision thereof), or any Loan Party shall repudiate or deny that it has any liability or obligation for the
payment of principal or interest or other obligations purported to be created under any Loan Document; 
 (n)
there shall have occurred a Change in Control; 
 (o) any Loan Party shall be prohibited or otherwise restrained
from conducting the business theretofore conducted by it in any manner that has or could reasonably be expected to result in a Material Adverse Effect by virtue of any determination, ruling, decision, decree or order of any court or Governmental
Authority of competent jurisdiction; 
 (p) the indictment by any Governmental Authority of any Loan Party as to
which any Loan Party or Administrative Agent receives notice as to which there is a 
  

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reasonable possibility of an adverse determination, in the good faith determination of Administrative Agent, under any criminal statute, or commencement of criminal or civil proceedings (other
than condemnation and eminent domain proceedings) against any Loan Party pursuant to which statute or proceedings the penalties or remedies sought or available include forfeiture of (i) any of the Collateral having a value in excess of $3.0
million or (ii) any other Property of any Loan Party which is material to the conduct of its business; provided that any such proceedings relating to water rights shall not constitute an Event of Default if, assuming such water rights
would be so forfeited (and after giving effect thereto) the representation set forth in Section 3.30 would be true and correct; or 

(q) (i) failure by any holder of Subordinated Debt (or any such holder’s representative or agent) to comply in any
material respect with, or any breach in any material respect by any such Person of, any of the subordination terms or conditions with respect to such Subordinated Debt, or Holdings or any other Loan Party shall make any payment in violation of such
subordination terms or (ii) failure by any Loan Party or Wasserstein & Co., LP to comply in any material respect with, or any breach in any material respect by any such Person of, any terms or conditions of the Management Fee
Subordination Agreement; 
 THEN, and in every such event (other than an event with respect to Holdings or Borrower described in paragraph
(g) or (h) above), and at any time thereafter during the continuance of such event, the Administrative Agent may, and at the request of the Required Lenders shall, by notice to Borrower, take either or both of the following
actions, at the same or different times: (i) terminate forthwith the Commitments and (ii) declare the Loans then outstanding to be forthwith due and payable in whole or in part, whereupon the principal of the Loans so declared to be due
and payable, together with accrued interest thereon and any unpaid accrued Fees and all other liabilities of Borrower accrued hereunder and under any other Loan Document, shall become forthwith due and payable, without presentment, demand, protest
or any other notice of any kind, all of which are hereby expressly waived by Borrower and the Guarantors, anything contained herein or in any other Loan Document to the contrary notwithstanding; and in any event with respect to Holdings or Borrower
described in paragraph (g) or (h) above, the Commitments shall automatically terminate and the principal of the Loans then outstanding, together with accrued interest thereon and any unpaid accrued Fees and all other
liabilities of Borrower accrued hereunder and under any other Loan Document, shall automatically become due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived by Borrower and
the Guarantors, anything contained herein or in any other Loan Document to the contrary notwithstanding. 
 ARTICLE IX. 

 COLLATERAL ACCOUNT; APPLICATION OF COLLATERAL PROCEEDS 

SECTION 9.01 Accounts and Account Collections. 

(a) Borrower and each Subsidiary Guarantor shall notify Collateral Agent promptly of: (i) any material delay in the
performance by Borrower or any Subsidiary Guarantor of any of its material obligations to any material Account Debtor or the assertion of any material claims, offsets, defenses or counterclaims by any material

  

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Account Debtor, or any material disputes with material Account Debtors, or any settlement, adjustment or compromise thereof, (ii) all material adverse information known to any Loan Party
relating to the financial condition of any material Account Debtor and (iii) any event or circumstance which, to any Loan Party’s knowledge, would result in any Account in excess of $250,000 no longer constituting an Eligible Account.
Borrower and each Subsidiary Guarantor hereby agree not to grant to any Account Debtor any credit, discount, allowance or extension, or to enter into any agreement for any of the foregoing, without Collateral Agent’s consent, except in the
ordinary course of business in accordance with practices and policies previously disclosed in writing to the Collateral Agent. So long as no Event of Default has occurred and is continuing, Borrower and each Subsidiary Guarantor may settle, adjust
or compromise any claim, offset, counterclaim or dispute with any Account Debtor. At any time that an Event of Default has occurred and is continuing, the Collateral Agent shall, at its option, have the exclusive right to settle, adjust or
compromise any claim, offset, counterclaim or dispute with Account Debtors of any Loan Party or grant any credits, discounts or allowances. 

(b) With respect to each Account: (i) the amounts shown on any invoice delivered to Collateral Agent or schedule
thereof delivered to Collateral Agent shall be true and complete in all material respects and (ii) none of the transactions giving rise thereto will violate any applicable laws or regulations, all documentation relating thereto will be legally
sufficient under such laws and regulations and all such documentation will be legally enforceable in accordance with its terms. 

(c) Collateral Agent shall have the right at any time or times, in Collateral Agent’s name or in the name of a
nominee of Collateral Agent, to verify the validity, amount or any other matter relating to any Account or other Collateral, by mail, telephone, e-mail, fax transmission or otherwise. To facilitate the exercise of the right described in the
immediately preceding sentence, Borrower hereby agrees to provide Collateral Agent upon request the name and address of each Account Debtor of Borrower or any Subsidiary Guarantor. 

(d) Borrower shall establish and maintain, at its sole expense, and shall cause each Subsidiary Guarantor to establish and
maintain, at its sole expenses blocked accounts or lockboxes and related deposit accounts, which, on the Closing Date, shall consist of accounts set forth on Schedule 9.01(d) (in each case, “Blocked Accounts”), as Collateral
Agent may specify, with such banks as are acceptable to Collateral Agent into which Borrower and Subsidiary Guarantors shall promptly deposit and direct their respective Account Debtors to directly remit all payments on Accounts and all payments
constituting proceeds of Inventory or other Collateral (other than proceeds of a Casualty Event or Asset Sales that do not require a repayment under Loan Documents) in the identical form in which such payments are made, whether by cash, check or
other manner and shall be identified and segregated from all other funds of the Loan Parties. Borrower and Guarantors shall deliver, or cause to be delivered, to Collateral Agent a Deposit Account Control Agreement (as defined in the Security
Agreement) duly authorized, executed and delivered by each bank where a Blocked Account for the benefit of Borrower or any Guarantor is maintained, and by each bank where any other deposit account is from time to time maintained. Borrower shall
further execute and deliver, and 
  

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shall cause each Guarantor to execute and deliver, such agreements and documents as Collateral Agent may require in connection with such Blocked Accounts and such Deposit Account Control
Agreements. Except as permitted by Section 9.01(e)(iii), no Borrower or Guarantor shall establish any deposit accounts after the Closing Date, unless Borrower or Guarantor (as applicable) have complied in full with the provisions of this
Section 9.01 with respect to such deposit accounts. Borrower agrees that, at all times when cash is being swept in accordance with clause (e) below, all payments made to such Blocked Accounts or other funds received and
collected by Collateral Agent or any Lender, whether in respect of the Accounts, as proceeds of Inventory or other Collateral or otherwise shall be treated as payments to Collateral Agent and Lenders in respect of the Obligations and therefore shall
constitute the property of Collateral Agent and Lenders to the extent of the then outstanding Obligations. 
 (e)
Borrower and each Guarantor shall maintain a cash management system which is acceptable to the Administrative Agent and the Collateral Agent (the “Cash Management System”). The Cash Management System shall contain, among other
things, the following: 
 (i) With respect to the Blocked Accounts of Borrower and such Guarantor as the
Collateral Agent shall determine in its sole discretion, the applicable bank maintaining such Blocked Accounts shall agree from and after the receipt of a notice (an “Activation Notice”) from the Collateral Agent (which Activation
Notice, as well as any similar notice provided pursuant to a Credit Card Receivables Control Agreement, may be given at any time a Cash Dominion Trigger Event shall have occurred and be continuing), pursuant to the applicable Deposit Account Control
Agreement, to forward daily all amounts in each Blocked Account to one Blocked Account designated as concentration account in the name of Borrower (the “Concentration Account”) at the bank that shall be designated as the
Concentration Account bank for Borrower (the “Concentration Account Bank”) by notice to the Administrative Agent and the Collateral Agent. The Concentration Account Bank shall agree, pursuant to the applicable Deposit Account
Control Agreement, to forward daily all amounts in the Concentration Account to the account designated as collection account (the “Collection Account”) which shall be under the exclusive dominion and control of the Collateral Agent;

 (ii) With respect to the Blocked Accounts of such Guarantors as the Collateral Agent shall determine in its
sole discretion, the applicable bank maintaining such Blocked Accounts shall agree, from and after the receipt of an Activation Notice from the Collateral Agent (which Activation Notice may be given by Collateral Agent at any time after the
occurrence of a Cash Dominion Trigger Event), to forward all amounts in each Blocked Account to the applicable Concentration Account and Collection Account and to commence the process of daily sweeps from such Blocked Account into the Concentration
Account and Collection Account; 
  

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 (iii) Any provision of this Section 9.01 to the contrary
notwithstanding, (A) Loan Parties may maintain payroll accounts and trust accounts that are not a part of the Cash Management System; provided that no Loan Party shall accumulate or maintain cash in such accounts as of any date of
determination in excess of checks outstanding against such accounts as of that date and amounts necessary to meet minimum balance requirements and (B) Loan Parties may maintain local cash accounts that are not a part of the Cash Management
System which individually do not at any time contain available funds in excess of $10,000 and, together with all other such local cash accounts, do not exceed $100,000. 

(f) The Collateral Agent shall apply all funds received in the Concentration Account on a daily basis to the repayment (by
transferring same to the account of or pursuant to direction of Administrative Agent) of (i) first, to reimbursable expenses of Agents then due and payable pursuant to the Loan Documents and Fees due and payable to the Agents and Lenders
pursuant to the Loan Documents; (ii) second, to interest then due and payable on all Loans, (iii) third, Overadvances, (iv) fourth, to the principal balance of the Swingline Loan until the same has been repaid in
full, (v) fifth, to the outstanding principal balance of Revolving Loans until the same has been paid in full, including accompanying accrued interest and charges under Sections 2.12, 2.13 and 2.15 (Borrower may
elect which of any Eurodollar Borrowings is to be prepaid), (vi) sixth, to cash collateralize all LC Exposures plus any accrued and unpaid Fees with respect thereto (to be held and applied in accordance with Section 2.18(i)
hereof), and (vii) last, to all other Obligations pro rata in accordance with the amounts that such Lender certifies is outstanding in each case without a reduction in the Commitments; all further funds received in the Collection
Account shall, unless an Event of Default has occurred and is continuing, be transferred or applied by the Collateral Agent in accordance with the directions of Borrower or the respective other Loan Party. If an Event of Default has occurred and is
continuing, the Collateral Agent shall not transfer or apply any such funds from the Collection Account in accordance with such directions unless the Administrative Agent and the Collateral Agent determine to release such funds to Borrower. Absent
any such determination by the Administrative Agent and the Collateral Agent, all such funds in the Collection Account shall be transferred to the Cash Collateral Account to be applied to the Eurodollar Loans on the last day of the relevant Interest
Period of such Eurodollar Loan or to the Obligations as they come due (whether at stated maturity, by acceleration or otherwise). If consented to by the Administrative Agent, the Collateral Agent and the Required Lenders, such funds in the Cash
Collateral Account may be released to Borrower. So long as no Event of Default shall have occurred and be continuing, the Borrower may direct that prepayments of Revolving Loans required pursuant to this Section 9.01(f) with respect to
any Eurodollar Borrowing be deposited into a Breakage Prepayment Account and applied to repay such Eurodollar Borrowing at the end of the applicable Interest Periods related thereto. 

(g) Borrower and its directors, employees, agents and other Affiliates and Subsidiary Guarantors shall, acting as trustee
for Collateral Agent, receive, as the property of Collateral Agent, any monies, checks, notes, drafts or any other payment relating to and/or proceeds of Accounts, Inventory or other Collateral which come into their possession or under their control
and immediately upon receipt thereof, shall deposit 
  

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or cause the same to be deposited in the Blocked Accounts, or remit the same or cause the same to be remitted, in kind, to Collateral Agent. In no event shall the same be commingled with
Borrower’s own funds which are not subject to a Lien in favor of the Collateral Agent. Borrower agrees to reimburse Collateral Agent on demand for any amounts owed or paid to any bank at which a Blocked Account is established or any other bank
or Person involved in the transfer of funds to or from the Blocked Accounts arising out of Collateral Agent’s payments to or indemnification of such bank or Person. 

SECTION 9.02 Inventory. With respect to the Inventory: (a) Borrower and each Subsidiary Guarantor shall at all times maintain
records of Inventory reasonably satisfactory to Collateral Agent, keeping correct and accurate records itemizing and describing the kind, type, quality and quantity of Inventory, the cost therefor and daily withdrawals therefrom and additions
thereto; (b) any of the Administrative Agent’s and Collateral Agent’s officers, employees or agents shall have the right, at any time or times (but not more frequently than once per year at the expense of Borrower unless an Event of
Default has occurred and is continuing), in the name of the Administrative Agent or Collateral Agent, as applicable, any designee of the Administrative Agent, Collateral Agent or Borrower, to verify the validity, amount or any other matter relating
to Accounts or Inventory by mail, telephone, electronic communication, personal inspection or otherwise and to conduct field audits of the financial affairs and Collateral of the Loan Parties, and Borrower shall cooperate fully with the
Administrative Agent and Collateral Agent in an effort to facilitate and promptly conclude any such verification process; (c) the Loan Parties shall cooperate fully with the Collateral Agent and its agents during all Collateral field audits and
Inventory Appraisals which shall be at the expense of Borrower and shall be conducted annually, or, following the occurrence and during the continuation of an Event of Default, more frequently at Collateral Agent’s reasonable request;
(d) neither Borrower nor any Subsidiary Guarantor shall sell Inventory to any customer on approval, or any other basis which entitles the customer to return (except for the right of customers for Inventory which is defective or non-conforming)
or may obligate any Loan Party to repurchase such Inventory; and (e) Borrower and each Subsidiary Guarantor shall keep the Inventory in good and marketable condition. 

SECTION 9.03 Equipment, Real Property and Appraisals. 

With respect to the Equipment and owned Real Property of any Loan Party: (a) upon the Collateral Agent’s reasonable request,
Borrower shall, at its expense, no more than one (1) time in any twelve (12) month period commencing with the Closing Date, but at any time or times as the Collateral Agent may request following the occurrence and during the continuance of
an Event of Default, deliver or cause to be delivered to the Collateral Agent written appraisals as to the Equipment and/or the owned Real Property of any Loan Party by an independent appraiser designated by the Collateral Agent and reasonably
acceptable to Borrower, (b) Borrower and each Subsidiary Guarantor shall notify Collateral Agent promptly of any event or circumstance which, to any Loan Party’s knowledge, would result in any Equipment of any Loan Party no longer
constituting Eligible Equipment and (c) Borrower and each Subsidiary Guarantor shall notify Collateral Agent promptly of any event or circumstance which, to any Loan Party’s knowledge, would result in any Real Property of any Loan Party no
longer constituting Eligible Real Property. 
  

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 SECTION 9.04 Cash Collateral Account.

(a) The Collateral Agent is hereby authorized to establish and maintain at its office at 1290 Avenue
of the Americas, 3rd Floor, New York, NY 10104, in the
name of the Collateral Agent and pursuant to a dominion and control agreement, one or more restricted deposit accounts designated as a “Cash Collateral Account” bearing the name of the owners of the funds contained therein
(e.g., Harry and David – Cash Collateral Account). Each Loan Party shall deposit into its respective Cash Collateral Account from time to time the cash collateral required to be deposited under Section 2.18(j) or
Section 9.01(f) hereof. 
 (b) The balance from time to time in such Cash Collateral Accounts shall
constitute part of the Collateral and shall not constitute payment of the Obligations until applied as hereinafter provided. Notwithstanding any other provision hereof to the contrary, all amounts held in the Cash Collateral Accounts shall
constitute collateral security (i) first for the liabilities in respect of Letters of Credit outstanding from time to time and second for the other Obligations hereunder until such time as all Letters of Credit shall have been terminated and
all of the liabilities in respect of Letters of Credit have been paid in full, and (ii) if held in a Cash Collateral Account pursuant to Section 9.01(f), then for the Obligations as provided therein. 

SECTION 9.05 Application of Proceeds. The proceeds received by the Administrative Agent or the Collateral Agent in respect of any
sale of, collection from or other realization upon all or any part of the Collateral pursuant to the exercise by the Administrative Agent or the Collateral Agent, as applicable, of its remedies shall be applied, together with any other sums then
held by the Administrative Agent pursuant to this Agreement, promptly by the Administrative Agent or the Collateral Agent as follows: 

(a) First, to the payment of all reasonable costs and expenses, fees, commissions and taxes of such sale, collection or
other realization including, without limitation, compensation to the Administrative Agent or the Collateral Agent and their agents and counsel, and all expenses, liabilities and advances made or incurred by the Administrative Agent or the Collateral
Agent in connection therewith, together with interest on each such amount at the highest rate then in effect under this Agreement from and after the date such amount is due, owing or unpaid until paid in full; 

(b) Second, to the payment of all other reasonable costs and expenses of such sale, collection or other realization
including, without limitation, costs and expenses and all costs, liabilities and advances made or incurred by the other Secured Parties in connection therewith, together with interest on each such amount at the highest rate then in effect under this
Agreement from and after the date such amount is due, owing or unpaid until paid in full; 
 (c) Third, without
duplication of amounts applied pursuant to paragraphs (a) and (b) above, to the indefeasible payment in full in cash, of each Lender’s Default Allocation Percentage of interest, principal and other amounts constituting
Obligations, equally and ratably in accordance with each Lender’s Default Allocation Percentage of such amounts; and 
  

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 (d) Fourth, the balance, if any, to the Person lawfully entitled thereto
(including the applicable Loan Party or its successors or assigns). 
 In the event that any such proceeds are insufficient to
pay in full the items described in clauses (a) through (d) of this Section 9.05, the Loan Parties shall remain liable for any deficiency. 

ARTICLE X. 

THE ADMINISTRATIVE AGENT AND THE COLLATERAL AGENT 

SECTION 10.01 Appointment.

(a) Each Lender hereby irrevocably designates and appoints UBS as the Administrative Agent under this Agreement and
the other Loan Documents, and each Lender irrevocably authorizes UBS, in its capacity as the Administrative Agent, in such capacity, to take such actions on its behalf under the provisions of this Agreement and the other Loan Documents and to
exercise such powers as are expressly delegated to the Administrative Agent by the terms of this Agreement and the other Loan Documents, together with such actions and powers as are reasonably incidental thereto. 

(b) Each Lender hereby irrevocably designates and appoints GMAC Commercial Finance LLC as the Collateral Agent and UBS AG,
Stamford Branch as the Administrative Collateral Agent under this Agreement and the other Loan Documents, and each Lender irrevocably authorizes GMAC Commercial Finance LLC in its capacity as the Collateral Agent and UBS AG, Stamford Branch, as the
Administrative Collateral Agent, respectively, in such capacity, to take such actions on its behalf under the provisions of this Agreement and the other Loan Documents and to exercise such powers as are expressly delegated to the Collateral Agent
and the Administrative Collateral Agent by the terms of this Agreement and the other Loan Documents, together with such actions and powers as are reasonably incidental thereto. Except as otherwise provided herein, Collateral Agent shall hold all
Collateral and all payments of principal, interest, fees, charges and expenses received pursuant to this Agreement or any of the Loan Documents for the benefit of Secured Parties and shall enforce the rights in the Collateral on behalf of the
Secured Parties. 
 SECTION 10.02 Administrative Agent, Collateral Agent and Administrative Collateral Agent in Their
Individual Capacities; Conflicts Among Agents. Any Person serving as the Administrative Agent, the Administrative Collateral Agent or the Collateral Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other
Lender and may exercise the same as though it were not the Administrative Agent, the Administrative Collateral Agent or the Collateral Agent, as applicable, and such Person and its Affiliates may accept deposits from, lend money to and generally
engage in any kind of business with Borrower or any Subsidiary or other Affiliate thereof as if it were not the Administrative Agent, the Administrative Collateral Agent or the Collateral Agent hereunder, as applicable. In the event

  

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that any action under this Agreement shall require the consent of both (i) the Collateral Agent and (ii) the Administrative Agent and/or the Administrative Collateral Agent and such
parties cannot, after good faith negotiations, agree on the appropriate action to be taken, the Collateral Agent shall have the right to take such action as it shall determine to be appropriate under the circumstances. 

SECTION 10.03 Exculpatory Provisions. None of the Administrative Agent, the Administrative Collateral Agent or the Collateral
Agent shall have any duties or obligations except those expressly set forth in the Loan Documents. Without limiting the generality of the foregoing, (a) the Administrative Agent, the Administrative Collateral Agent and the Collateral Agent
shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing, (b) the Administrative Agent, the Administrative Collateral Agent and the Collateral Agent shall not have any duty to
take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated by the Loan Documents that the Administrative Agent, the Administrative Collateral Agent or the Collateral Agent, as
applicable, is required to exercise in writing by the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 11.02), and (c) except as expressly set
forth in the Loan Documents, the Administrative Agent, the Administrative Collateral Agent and the Collateral Agent shall not have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to Borrower or any
of its Subsidiaries that is communicated to or obtained by the bank serving as Administrative Agent, the Administrative Collateral Agent or the Collateral Agent, as applicable, or any of its respective Affiliates in any capacity. None of the
Administrative Agent, the Administrative Collateral Agent or the Collateral Agent shall be liable for any action taken or not taken by it with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders
as shall be necessary under the circumstances as provided in Section 11.02) or in the absence of its own gross negligence or willful misconduct. The Administrative Agent, the Administrative Collateral Agent and the Collateral Agent shall
not be deemed to have knowledge of any Default unless and until written notice thereof is given to the Administrative Agent, the Administrative Collateral Agent and the Collateral Agent by Borrower, any other Loan Party or a Lender, and the
Administrative Agent, the Administrative Collateral Agent and the Collateral Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with any Loan
Document, (ii) the contents of any certificate, report or other document delivered thereunder or in connection therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth in any
Loan Document, (iv) the validity, enforceability, effectiveness or genuineness of any Loan Document or any other agreement, instrument or document, or (v) the satisfaction of any condition set forth in Article IV or elsewhere in any
Loan Document, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent, the Administrative Collateral Agent or the Collateral Agent, as applicable. 

SECTION 10.04 Reliance by Agents. The Agents shall be entitled to rely upon, and shall not incur any liability for relying upon,
any notice, request, certificate, consent, statement, instrument, document or other writing believed by it to be genuine and to have been signed or sent by the proper Person. The Agents also may rely upon any statement made to it orally or by
telephone and believed by it to be made by the proper Person, and shall not incur any 
  

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liability for relying thereon. The Agents may consult with legal counsel (who may be counsel for 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
10.05 Delegation of Duties. Each of the Administrative Agent, the Administrative Collateral Agent and the Collateral Agent may perform any and all its duties and exercise its rights and powers by or through any one or more sub-agents appointed
by the Administrative Agent, the Administrative Collateral Agent or the Collateral Agent, as applicable. The Administrative Agent, the Administrative Collateral Agent and the Collateral Agent and any such respective sub-agent may perform any and all
of its respective duties and exercise its respective rights and powers through its respective Affiliates. The exculpatory provisions of the preceding paragraphs shall apply to any such sub-agent and to the Affiliates of each of the Administrative
Agent, the Administrative Collateral Agent and the Collateral 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 of the
Administrative Agent, the Administrative Collateral Agent and the Collateral Agent. 
 SECTION 10.06 Successor Administrative
Agent, Collateral Agent and Administrative Collateral Agent. The Administrative Agent, the Administrative Collateral Agent and/or the Collateral Agent may resign as such at any time upon at least 30 days’ prior notice to the Lenders and
Borrower. Upon any such resignation, the Required Lenders shall have the right, in consultation with Borrower, to appoint a successor from among the Lenders. If no successor shall have been so appointed by the Required Lenders and shall have
accepted such appointment within 30 days after the retiring Administrative Agent, Administrative Collateral Agent and/or Collateral Agent, as applicable, gives notice of its resignation, then the retiring Administrative Agent, Administrative
Collateral Agent and/or Collateral Agent, as applicable may, on behalf of the Lenders, appoint a successor Administrative Agent, Administrative Collateral Agent and/or Collateral Agent, as applicable, which successor shall be a commercial banking
institution organized under the laws of the United States (or any state thereof) or a United States branch or agency of a commercial banking institution, and having combined capital and surplus of at least $250.0 million; provided,
however, that if such retiring Administrative Agent, Administrative Collateral Agent and/or Collateral Agent, as applicable is unable to find a commercial banking institution which is willing to accept such appointment and which meets the
qualifications set forth above, the retiring Administrative Agent’s, Administrative Collateral Agent’s and/or Collateral Agent’s resignation shall nevertheless thereupon become effective, and the Lenders shall assume and perform all
of the duties of the Administrative Agent, the Administrative Collateral Agent and/or the Collateral Agent, as applicable hereunder until such time, if any, as the Required Lenders appoint a successor Administrative Agent, Administrative Collateral
Agent and/or Collateral Agent, as applicable. 
 Upon the acceptance of its appointment as Administrative Agent, Administrative
Collateral Agent and/or Collateral Agent, as applicable, hereunder by a successor, such successor shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring Administrative Agent, Administrative Collateral
Agent and/or Collateral Agent, as applicable, and the retiring Administrative Agent, Administrative Collateral Agent and/or Collateral Agent, as applicable, shall be discharged from its duties and obligations hereunder.

  

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The fees payable by Borrower to a successor Administrative Agent, Administrative Collateral Agent and/or Collateral Agent, as applicable, shall be the same as those payable to its predecessor
unless otherwise agreed between Borrower and such successor. After the Administrative Agent’s, Administrative Collateral Agent’s and/or Collateral Agent’s resignation hereunder, the provisions of this Article X and
Section 11.03 shall continue in effect for the benefit of such retiring Administrative Agent, Administrative Collateral Agent and/or Collateral Agent, as applicable, its respective sub-agents and their respective Affiliates in respect of
any actions taken or omitted to be taken by any of them while it was acting as Administrative Agent, Administrative Collateral Agent and/or Collateral Agent, as applicable. 

SECTION 10.07 Non-Reliance on Agents and Other Lenders. Each Lender acknowledges that it has, independently and without reliance
upon the Agents or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and
without reliance upon the Agents or any other Lender and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement,
any other Loan Document or related agreement or any document furnished hereunder or thereunder. 
 SECTION 10.08 No Other
Administrative Agent, Collateral Agent or Administrative Collateral Agent. The Administrative Agent shall have the authority to appoint from time to time a syndication agent and a documentation agent with respect to this Agreement. Such
appointment shall be made by the Administrative Agent with notice thereof to the Borrower. Lenders identified in this Agreement, and any such syndication agent or documentation agent appointed pursuant to the terms hereof shall not have any right,
power, obligation, liability, responsibility or duty under this Agreement other than those applicable to all Lenders. Without limiting the foregoing, no syndication agent nor any documentation agent shall have or be deemed to have a fiduciary
relationship with any Lender. Each Lender hereby makes the same acknowledgments with respect to any syndication agent or documentation agent as it makes with respect to the Administrative Agent, the Administrative Collateral Agent or the Collateral
Agent or any other Lender in this Article X. Notwithstanding the foregoing, the parties hereto acknowledge that any such documentation agent and syndication agent hold such titles in name only, and that such titles confer no additional
rights or obligations relative to those conferred on any Lender hereunder. 
 SECTION 10.09 Indemnification. The Lenders
severally agree to indemnify each Agent in its capacity as such (to the extent not reimbursed by the Borrower or the Guarantors and without limiting the obligation of the Borrower or the Guarantors to do so), ratably according to their respective
outstanding Loans and Commitments in effect on the date on which indemnification is sought under this Section 10.09 (or, if indemnification is sought after the date upon which all Commitments shall have terminated and the Loans shall
have been paid in full, ratably in accordance with such outstanding Loans and Commitments as in effect immediately prior to such date), from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits,
costs, expenses or disbursements of any kind whatsoever that may at any time (whether before or after the payment of the Loans) be imposed on, incurred by or asserted against such Agent in any way relating to or arising out of, the Commitments, this
Agreement, any of the other Loan Documents or any documents contemplated by or referred to 
  

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herein or therein or the transactions contemplated hereby or thereby or any action taken or omitted by such Agent under or in connection with any of the foregoing; provided that no Lender
shall be liable for the payment of any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements that are found by a final and nonappealable decision of a court of competent
jurisdiction to have resulted from such Agent’s gross negligence or willful misconduct. The agreements in this Section 10.09 shall survive the payment of the Loans and all other amounts payable hereunder. 

SECTION 10.10 Overadvances. Administrative Agent shall not make (and shall prohibit the Issuing Bank and Swingline Lender, as
applicable, from making) any Revolving Loans or provide any Letters of Credit to Borrower on behalf of Lenders intentionally and with actual knowledge that such Revolving Loans, Swingline Loans, or Letters of Credit would cause the aggregate amount
of the Revolving Exposure to exceed the Borrowing Base, without the prior consent of all Lenders, except, that, Administrative Agent may make (or cause to be made) such additional Revolving Loans or Swingline Loans or provide such additional Letters
of Credit on behalf of Lenders (each an “Overadvance” and collectively, the “Overadvances”), intentionally and with actual knowledge that such Loans or Letters of Credit will cause the total outstanding Revolving
Exposure to exceed the Borrowing Base, as Administrative Agent may deem necessary or advisable in its discretion, provided that: (a) the total principal amount of the Overadvances to Borrower which Administrative Agent may make or
provide (or cause to be made or provided) after obtaining such actual knowledge that the Revolving Exposure equals or exceeds the Borrowing Base shall not exceed the amount equal to $7.5 million outstanding at any time less the then outstanding
amount of any Special Agent Advances and shall not cause the Revolving Exposure to exceed the Revolving Commitments of all of the Lenders or the Revolving Exposure of a Lender to exceed such Lender’s Revolving Commitment, (b) without the
consent of all Lenders, (i) no Overadvance shall be outstanding for more than sixty (60) days and (ii) after all Overadvances have been repaid, Administrative Agent shall not make any additional Overadvance unless sixty (60) days
or more have elapsed since the last date on which any Overadvance was outstanding, (c) Administrative Agent shall be entitled to recover such funds, on demand from Borrower together with interest thereon for each day from the date such payment
was due until the date such amount is paid to Administrative Agent at the interest rate provided for in Section 2.06(c) and (d) no such Overadvance shall be made after the Administrative Agent shall have received written notice from
the Required Lenders directing it not to make any, or any additional, Overadvances. Each Lender shall be obligated to pay Administrative Agent the amount of its Pro Rata Percentage of any such Overadvance provided that Administrative Agent is
acting in accordance with the terms of this Section 10.10. All Overadvances shall be secured by Collateral. 

SECTION 10.11 Collateral Matters. Administrative Agent may, at its option, from time to time, at any time on or after an Event of
Default and for so long as the same is continuing or upon any other failure of a condition precedent to the making of Loans hereunder, make such disbursements and advances (“Special Agent Advances”) which Administrative Agent, in
its sole discretion, deems necessary or desirable either (i) to preserve or protect the Collateral or any portion thereof or (ii) to pay any other amount chargeable to Borrower pursuant to the terms of this Agreement or any of the other
Loan Documents consisting of costs, fees and expenses and payments to any Issuing Bank (provided that in no event shall (i) Special Agent Advances for such purpose exceed the amount equal to $7.5 million in the aggregate outstanding at
any time 
  

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less the then outstanding Overadvances under Section 10.10 hereof and (ii) Special Agent Advances plus the Revolving Exposure exceed the Lenders’ Commitment at the time of
such Event of Default or cause any Lender’s Revolving Exposure to exceed such Lender’s Revolving Loan Commitment at the time of such Event of Default). Special Agent Advances shall be repayable on demand and be secured by the Collateral.
Special Agent Advances shall not constitute Loans but shall otherwise constitute Obligations hereunder. Administrative Agent shall notify each Lender and Borrower in writing of each such Special Agent Advance, which notice shall include a
description of the purpose of such Special Agent Advance. Each Lender agrees that it shall make available to Administrative Agent, upon Administrative Agent’s demand, in immediately available funds, the amount equal to such Lender’s Pro
Rata Percentage of each such Special Agent Advance. If such funds are not made available to Administrative Agent by such Lender, Administrative Agent shall be entitled to recover such funds, on demand from such Lender together with interest thereon
for each day from the date such payment was due until the date such amount is paid to Administrative Agent at the Federal Funds Rate for each day during such period (as published by the Federal Reserve Bank of New York or at Administrative
Agent’s option based on the arithmetic mean determined by Administrative Agent of the rates for the last transaction in overnight Federal funds arranged prior to 9:00 a.m. (New York City time) on that day by each of the three leading brokers of
Federal funds transactions in New York City selected by Administrative Agent) and if such amounts are not paid within three (3) days of Administrative Agent’s demand, at the highest interest rate provided for in
Section 2.06(a). 
 SECTION 10.12 Administrative Collateral Agent. The Administrative Collateral Agent shall
have no obligations or duties under this Agreement or any other Loan Documents other than the selection of the auditors and appraisers in connection with audit of, or appraisal of, any of the Collateral. 

ARTICLE XI. 

MISCELLANEOUS 

SECTION 11.01 Notices. 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 fax, as follows: 
 (a) if to any Loan Party, to
Borrower at: 
 Harry and David 

2518 South Pacific Highway 

Medford, Oregon, 97501 

Attention: Chief Financial Officer 

Fax No.: (541) 864-2784 
  

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 with a copy to: 

Wasserstein & Co., LP 

1301 Avenue of the Americas 

New York, NY 10019 

Attention: George L. Majoros, Jr. 

Fax No.: (212) 702-5635 

(b) if to the Administrative Agent or the Administrative Collateral Agent, to it at: 

UBS AG, Stamford Branch 

677 Washington Boulevard 

Stamford, Connecticut 06901 

Attention: Vladimira Holeckova 

Fax No.: (203) 719-3888 

with a copy to the Collateral Agent as set 

forth in Section 11.01(c) below and, except 

with respect to communications under Sections 5.01 and 5.15, to: 

Latham & Watkins LLP 

233 S. Wacker Drive, Suite 5800 

Chicago, IL 60606 

Attention: David K. Rathgeber 

Fax No.: (312) 993-9767 

(c) if to the Collateral Agent, to it at: 

GMAC Commercial Finance LLC 

1290 Avenue of the Americas 

3rd
 Floor 
 New York, NY 10104 

Attention: SFG Portfolio Manager 

Fax No.: (212) 884-7693 

with a copy to the Administrative Agent as set 

forth in Section 11.01(b) above and, except 

with respect to communications under Sections 5.01 and 5.15, to: 

Latham & Watkins, LLP 

233 S. Wacker Drive, Suite 5800 

Chicago, IL 60606 

Attention: David K. Rathgeber 

Fax No.: (312) 993-9767 
  

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 (d) if to a Lender, to it at its address (or fax number) set forth on the
applicable Lender Addendum or in the Assignment and Acceptance pursuant to which such Lender shall have become a party hereto. 

All notices and other communications given to any party hereto in accordance with the provisions of this Agreement shall be deemed to
have been given on the date of receipt if delivered by hand or overnight courier service or sent by fax or by certified or registered mail, in each case delivered, sent or mailed (properly addressed) to such party as provided in this
Section 11.01 or in accordance with the latest unrevoked direction from such party given in accordance with this Section 11.01 and failure to deliver courtesy copies of notices and other communications shall in no event
affect the validity or effectiveness of such notices and other communications. 
 (e) Electronic
Communications. Notices, reports (including, without limitation, financial reports, budgets, and collateral reports) and other communications and required or requested deliveries to the Administrative Agent, Lenders and the Issuing Bank
hereunder may be delivered or furnished by electronic communication (including e-mail and Internet or intranet websites such as Intralinks) pursuant to procedures approved by the Administrative Agent, provided that the foregoing shall not
apply to notices to any Lender or the Issuing Bank pursuant to Section 2.03 or 2.18 as, applicable, if such Lender or the Issuing Bank, as applicable, has notified the Administrative Agent that it is incapable of receiving notices
under such Section 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. 
 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 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. 

SECTION 11.02 Waivers; Amendment.

(a) No failure or delay by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender in
exercising any right or power hereunder or under any other Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or
power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the Administrative Agent, the Collateral Agent, the Issuing Bank and the Lenders hereunder and under the

  

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other Loan Documents are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of any Loan Document or consent to any departure by
any Loan Party therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this Section 11.02, and then such waiver or consent shall be effective only in the specific instance and for the
purpose for which given. Without limiting the generality of the foregoing, the making of a Loan or issuance of a Letter of Credit shall not be construed as a waiver of any Default, regardless of whether the Administrative Agent, the Collateral
Agent, any Lender or the Issuing Bank may have had notice or knowledge of such Default at the time. 
 (b)
Neither this Agreement nor any other Loan Document nor any provision hereof or thereof may be waived, amended or modified except, in the case of this Agreement, pursuant to an agreement or agreements in writing entered into by Borrower and the
Required Lenders or, in the case of any other Loan Document, pursuant to an agreement or agreements in writing entered into by the Administrative Agent or Collateral Agent, as applicable, and the Loan Party or Loan Parties that are parties thereto,
in each case with the written consent of the Required Lenders; provided that no such agreement shall (i) increase the Dollar amount of the Commitment of any Lender without the written consent of such Lender or increase the Commitments of
all Lenders without the consent of each Lender, (ii) reduce or forgive the principal amount of any Loan or LC Disbursement or reduce the rate of interest thereon (other than to waive default interest under Section 2.06(c) to the
extent a waiver of the underlying default giving rise to such default interest does not require a vote of all Lenders), or reduce or forgive any Fees payable hereunder, without the written consent of each Lender affected thereby, (iii) postpone
the maturity of any Loan, or the required date of reimbursement of any LC Disbursement, or any date for the payment of any interest or fees payable hereunder, or reduce the amount of, waive or excuse any such payment, or postpone the scheduled date
of expiration of any Commitment or postpone the scheduled date of expiration of any Letter of Credit beyond the Final Maturity Date, without the written consent of each Lender affected thereby, (iv) change Section 2.14(b) or
(c) in a manner that would alter the pro rata sharing of payments or set-offs required thereby, without the written consent of each Lender, (v) change the percentage set forth in the definition of “Required
Lenders,” “Supermajority Lenders,” or any other provision of any Loan Document (including this Section 11.02) specifying the number or percentage of Lenders (or Lenders of any Class) required to waive, amend or modify any
rights thereunder or make any determination or grant any consent thereunder, without the written consent of each Lender (or each Lender of such Class, as the case may be), (vi) release Holdings or any Subsidiary Guarantor from its Guarantee
(except as expressly provided in Article VII), or limit its liability in respect of such Guarantee, without the written consent of each Lender, (vii) release all or substantially all of the Collateral from the Liens of the Security
Documents or alter the relative priorities of the Obligations entitled to the Liens of the Security Documents (except in connection with securing additional Obligations equally and ratably with the other Obligations and upon payment in full of the
Obligations), in each case without the written consent of each Lender, or (viii) change any provisions of any Loan Document in a manner that by its terms adversely affects the rights in respect of payments due to Lenders holding Loans of any
Class differently than those holding Loans of any other Class, without the written consent of Lenders holding a majority in 
  

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interest of the outstanding Loans and unused Commitments of each affected Class; provided, further, that (1) no such agreement shall amend, modify or otherwise affect the
rights or duties of the Administrative Agent, the Collateral Agent, the Administrative Collateral Agent, the Issuing Bank or the Swingline Lender without the prior written consent of the Administrative Agent, the Collateral Agent, the Administrative
Collateral Agent, the Issuing Bank or the Swingline Lender, as the case may be, (2) any waiver, amendment or modification of this Agreement that by its terms affects the rights or duties under this Agreement of the Revolving Lenders may be
effected by an agreement or agreements in writing entered into by Borrower and requisite percentage in interest of the affected Class of Lenders that would be required to consent thereto under this Section 11.02(b) if such Class of
Lenders were the only Class of Lenders hereunder at the time and (3) no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder, except to the extent the consent of all Lenders would otherwise
be required under this Section 11.02(b). Notwithstanding the foregoing, any provision of this Agreement may be amended by an agreement in writing entered into by Borrower, the Required Lenders and the Administrative Agent (and, if their
rights or obligations are affected thereby, the Issuing Bank, the Collateral Agent, the Administrative Collateral Agent and the Swingline Lender) if (x) by the terms of such agreement the Commitment of each Lender not consenting to the
amendment provided for therein shall terminate upon the effectiveness of such amendment and (y) at the time such amendment becomes effective, each Lender not consenting thereto receives payment in full of the principal of its Loans, accrued
interest thereon, accrued fees and all other amounts owing to it or accrued for its account under this Agreement (including, without limitation, all amounts Section 2.12, 2.13 and 2.15). In addition to the foregoing, in no
event shall the percentage advance rates set forth in the definitions of “Borrowing Base”, “Fixed Asset Loan Value”, “Inventory Eligibility Factor” or “Net Orderly Liquidation Value” be increased above the
original stated percentages set forth in such definitions without the consent of the Supermajority Lenders. 

(c) If, in connection with any proposed change, waiver, discharge or termination of the provisions of this Agreement that
requires unanimous approval of all Lenders as contemplated by Section 11.02(b) (other than clause (iii) of such Section), the consent of the Supermajority Lenders is obtained but the consent of one or more of such other
Lenders whose consent is required is not obtained, then Borrower shall have the right to replace all, but not less than all, of such non-consenting Lender or Lenders (so long as all non-consenting Lenders are so replaced) with one or more Persons
pursuant to Section 2.16 so long as at the time of such replacement each such new Lender consents to the proposed change, waiver, discharge or termination; provided, however, that Borrower shall not have the right to
replace a Lender solely as a result of the exercise of such Lender’s rights (and the withholding of any required consent by such Lender) pursuant to paragraph (iii) of Section 11.02(b); provided further that each
replaced Lender receives payment in full of the principal of and interest accrued on each Loan made by it and all other amounts owing to it or accrued for its account under this Agreement. Each Lender agrees that, if Borrower elects to replace such
Lender in accordance with this Section, it shall promptly execute and deliver to the Administrative Agent an Assignment and Acceptance to evidence such sale and purchase and shall deliver to the Administrative Agent any Note (if Notes have been
issued in respect of such Lender’s Loans) subject to 
  

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such Assignment and Acceptance; provided that the failure of any such non-consenting Lender to execute an Assignment and Acceptance shall not render such sale and purchase (and the
corresponding assignment) invalid and such assignment shall be recorded in the Register. 
 SECTION 11.03 Expenses;
Indemnity.
 (a) Borrower and Holdings agree, jointly and severally, to pay all reasonable
out-of-pocket expenses (including but not limited to expenses incurred in connection with due diligence and travel, courier, reproduction, printing and delivery expenses) incurred by the Agents, the Swingline Lender and the Issuing Bank in
connection with the syndication of the credit facilities provided for herein and the preparation, execution and delivery, and administration of this Agreement and the other Loan Documents, including any Inventory Appraisal, or in connection with any
amendment, amendment and restatement, modification, enforcement costs, work-out costs, documentary taxes or waiver of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated) or incurred
by the Agents or any Lender in connection with the work-out enforcement or protection of its rights in connection with this Agreement and the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunder, including
the reasonable fees, charges and disbursements of Latham & Watkins LLP, counsel for the Administrative Agent and the Collateral Agent, and, in connection with any such enforcement or protection, or work-out, the fees, charges and
disbursements of any other counsel for the Agents or any Lender; provided that in the case of reimbursement of counsel for Agents, such reimbursement shall be limited to one counsel selected by the Administrative Agent for all such Agents.

 (b) The Loan Parties agree, jointly and severally, to indemnify the Agents, each Lender, the Issuing Bank and
the Swingline Lender, each Affiliate of any of the foregoing Persons and each of their respective directors, officers, trustees, employees and agents (each such Person being called an “Indemnitee”) against, and to hold each
Indemnitee harmless from, all reasonable out-of-pocket costs and any and all losses, claims, damages, liabilities and related expenses, including reasonable counsel fees, charges, expenses and disbursements, incurred by or asserted against any
Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document, or any amendment, amendment and restatement, modification or waiver of the provisions hereof or
thereof, (ii) the Transactions, (iii) any actual or proposed use of the proceeds of the Loans or issuance of Letters of Credit, (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not
any Indemnitee is a party thereto, or (v) any actual or alleged presence or Release or threatened Release of Hazardous Materials, on, under or from any Property owned, leased or operated by any Company, or any Environmental Claim related in any
way to any Company; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and
nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee. 
  

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 (c) The provisions of this Section 11.03 shall remain operative
and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of
Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document, or any investigation made by or on behalf of the Agents, the Issuing Bank or any Lender. All amounts due under this
Section 11.03 shall be payable within ten (10) Business Days after written demand therefor accompanied by reasonable documentation with respect to any reimbursement, indemnification or other amount requested. 

(d) To the extent that Borrower fails to pay any amount required to be paid by it to the Agents, the Issuing Bank or the
Swingline Lender under paragraph (a) or (b) of this Section 11.03, each Lender severally agrees to pay to the Agents, the Issuing Bank or the Swingline Lender, as the case may be, such Lender’s pro
rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that (i) the unreimbursed expense or indemnified loss, claim, damage, liability or related
expense, as the case may be, was incurred by or asserted against any of the Agents, the Issuing Bank or the Swingline Lender in its capacity as such and (ii) such indemnity for the Swingline Lender or the Issuing Bank shall not include losses
incurred by the Swingline Lender or the Issuing Bank due to one or more Lenders defaulting in their obligations to purchase participations of Swingline Exposure under Section 2.17(d) or LC Exposure under Section 2.18(d) or to
make Revolving Loans under Section 2.18(e) (it being understood that this proviso shall not affect the Swingline Lender’s or the Issuing Bank’s rights against any Defaulting Lender). For purposes hereof, a Lender’s
“pro rata share” shall be determined based upon its share of the sum of the total Revolving Exposure and unused Commitments at the time. 

SECTION 11.04 Successors and Assigns.

(a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and assigns permitted hereby (including any Affiliate of the Issuing Bank that issues any Letter of Credit), except that no Company may assign or otherwise transfer any of its rights or obligations hereunder (except as
permitted by Section 6.05(o)) without the prior written consent of each Lender (and any attempted assignment or transfer by Borrower without such consent shall be null and void). Nothing in this Agreement, expressed or implied, shall be
construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby (including any Affiliate of the Issuing Bank that issues any Letter of Credit) and, to the extent expressly contemplated
hereby, the Affiliates of each of the Administrative Agent, the Issuing Bank and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 

(b) Any Lender may assign to one or more banks, insurance companies, investment companies or funds or other institutions
(other than Borrower, Holdings or any Affiliate or Subsidiary thereof) all or a portion of its rights and obligations under this 

 

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Agreement (including all or a portion of its Commitment and the Loans at the time owing to it); provided that (i) except in the case of an assignment to a Lender, an Affiliate of a
Lender or a Lender Affiliate, Borrower (except (i) after the occurrence and during the continuation of a Default or Event of Default or (ii) prior to the completion of the primary syndication (as determined by Arranger) of the Commitments
and the Loans by the Arranger) and the Administrative Agent (and, in the case of an assignment of all or a portion of a Revolving Commitment or any Lender’s obligations in respect of its LC Exposure or Swingline Exposure, the Issuing Bank and
the Swingline Lender) must give its prior written consent to such assignment (which consent shall not be unreasonably withheld or delayed), (ii) except in the case of an assignment to a Lender, an Affiliate of a Lender or a Lender Affiliate,
any assignment made in connection with the primary syndication of the Commitment and Loans by the Arranger or an assignment of the entire remaining amount of the assigning Lender’s Commitments or Loans, the amount of the Commitment or Loans of
the assigning Lender subject to each such assignment (determined as of the date the Assignment and Acceptance with respect to such assignment is delivered to the Administrative Agent) shall not be less than $5.0 million unless each of Borrower and
the Administrative Agent otherwise consent, (iii) each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement, except that this clause
(iii) shall not be construed to prohibit the assignment of a proportionate part of all the assigning Lender’s rights and obligations in respect of one Class of Commitments or Loans, (iv) the parties to each assignment shall
execute and deliver to the Administrative Agent an Assignment and Acceptance, together with a processing and recordation fee of $3,500, and (v) the assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an
Administrative Questionnaire; and provided, further that any consent of Borrower otherwise required under this paragraph shall not be required if a Default or an Event of Default has occurred and is continuing. Subject to acceptance
and recording thereof pursuant to paragraph (d) of this Section 11.04, from and after the effective date specified in each Assignment and Acceptance, the assignee thereunder shall be a party hereto and, to the extent of the
interest assigned by such Assignment and Acceptance, have the rights and obligations of a Lender under this Agreement (provided that any liability of Borrower to, or in respect of, such assignee under Section 2.12, 2.13 or
2.15 shall be limited to the amount, if any, that would have been payable thereunder by Borrower in the absence of such assignment, except to the extent any such amounts are attributable to a Change in Law occurring after the date of such
assignment), and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Acceptance, be released from its obligations under this Agreement (and, in the case of an Assignment and Acceptance covering all of
the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.12, 2.13, 2.15 and 11.03). Any
assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this paragraph shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in
accordance with paragraph (e) of this Section 11.04. 
 (c) The Administrative Agent,
acting for this purpose as an agent of Borrower, shall maintain at one of its offices in The City of New York a copy of each 
  

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Assignment and Acceptance delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitment of, and principal amount of the Loans and LC
Disbursements owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive in the absence of manifest error, and Borrower, the Administrative Agent, the
Collateral Agent, the Issuing Bank and the Lenders may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The
Register shall be available for inspection by Borrower, the Issuing Bank, the Collateral Agent, the Swingline Lender and any Lender (with respect to its own interest only), at any reasonable time and from time to time upon reasonable prior notice.

 (d) Upon its receipt of a duly completed Assignment and Acceptance executed by an assigning Lender and an
assignee, the assignee’s completed Administrative Questionnaire (unless the assignee shall already be a Lender hereunder), the processing and recordation fee referred to in paragraph (b) of this Section 11.04 and any
written consent to such assignment required by paragraph (b) of this Section 11.04, the Administrative Agent shall accept such Assignment and Acceptance and record the information contained therein in the Register. No
assignment shall be effective for purposes of this Agreement unless it has been recorded in the Register as provided in this paragraph. 

(e) Any Lender may, without the consent of Borrower, the Administrative Agent, the Issuing Bank or the Swingline Lender,
sell participations to one or more banks or other entities (a “Participant”) in all or a portion of such Lender’s rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans 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) Borrower, the Administrative Agent, the Collateral Agent, the Issuing Bank and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this
Agreement. Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce the Loan Documents and to approve any amendment, modification or waiver of any
provision of the Loan Documents; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver described in the first proviso to
Section 11.02(b) that affects such Participant. Subject to paragraph (f) of this Section 11.04, Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.12, 2.13 and
2.15 to the same extent as if it were a Lender (subject to the requirements of such sections) and had acquired its interest by assignment pursuant to paragraph (b) of this Section 11.04. To the extent permitted by law,
each Participant also shall be entitled to the benefits of Section 11.08 as though it were a Lender; provided that such Participant agrees to be subject to Section 2.14(e) as though it were a Lender. Each Lender shall,
acting for this purpose as an agent of the Borrower, maintain at one of its offices a register for the recordation of the names and addresses of its Participants, and the amount and terms of its participations, provided that no Lender shall
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share the information contained in such register with the Borrower or any other party, except as required by applicable law. Notwithstanding anything in this paragraph to the contrary, any bank
that is a member of the Farm Credit System that (i) has purchased a participation in the minimum amount of $1.0 million on or after the Closing Date, (ii) is, by written notice to the Borrower and the Administrative Agent (“Voting
Participant Notification”), designated by the selling Lender as being entitled to be accorded the rights of a Voting Participant hereunder (any bank that is a member of the Farm Credit System so designated being called a “Voting
Participant”) and (iii) receives the prior written consent of the Borrower and the Administrative Agent to become a Voting Participant, shall be entitled to vote (and the voting rights of the selling Lender shall be correspondingly
reduced), on a dollar for dollar basis, as if such participant were a Lender, on any matter requiring or allowing a Lender to provide or withhold its consent, or to otherwise vote on any proposed action. To be effective, each Voting Participant
Notification shall, with respect to any Voting Participant, (x) contain the information required in an Administrative Questionnaire and (y) state the dollar amount of the participation purchased. The Borrower and the Administrative Agent
shall be entitled to conclusively rely on information contained in notices delivered pursuant to this paragraph. 

(f) A Participant shall not be entitled to receive any greater payment under Section 2.12, 2.13 or
2.15 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the prior written consent of Borrower (which
consent shall not be unreasonably withheld or delayed). A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 2.15 unless Borrower is notified of the participation sold to such
Participant and such Participant agrees, for the benefit of Borrower, to comply with all of the requirements of Sections 2.15 and 2.16 as though it were a Foreign Lender. 

(g) Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this
Agreement to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank, and this Section 11.04 shall not apply to any such pledge or assignment of a security interest;
provided that no such pledge or assignment of a security interest shall release a Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. In the case of any Lender that is a
fund that invests in bank loans, such Lender may, without the consent of Borrower or the Administrative Agent, collaterally assign or pledge all or any portion of its rights under this Agreement, including the Loans and Notes or any other instrument
evidencing its rights as a Lender under this Agreement, to any holder of, trustee for, or any other representative of holders of, obligations owed or securities issued, by such fund, as security for such obligations or securities; provided
that the documentation governing or evidencing such collateral assignment or pledge shall provide that any foreclosure or similar action by such trustee or representative shall be subject to the provisions of this Section 11.04
concerning assignments and shall not be effective to transfer any rights under this Agreement or in any Loan, Note or other instrument evidencing its rights as a Lender under this Agreement unless the requirements of Section 11.04
concerning assignments are fully satisfied. 
  

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 (h) Notwithstanding any provision to the contrary, any Lender (an
“Assigning Lender”) may assign to one or more of its Affiliates that is a special purpose funding vehicle (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 Assigning Lender and such SPV, and may grant any such SPV the option, in such SPV’s sole discretion, to provide the
Borrower all or any part of any Loans that such Assigning Lender would otherwise be obligated to make pursuant to this Agreement. After notice to the Administrative Agent of such assignment as set forth below, such SPVs shall have all the rights
which a Lender making or holding such Loans would have under this Agreement, but no obligations. The Assigning Lender shall remain liable for all its original obligations under this Agreement, including its Commitment (although such Commitment shall
be reduced by the principal amount of any Loans held by an SPV). Notwithstanding such assignment, the Administrative Agent and Borrower may deliver notices to the Assigning Lender (as agent for the SPV) and not separately to the SPV unless the
Administrative Agent and Borrower are requested in writing by the SPV (or its agent) to deliver such notices separately to it. The Borrower shall, at the request of any Assigning Lender, execute and deliver to such Person as such Assigning Lender
may designate, a Note in the amount of such Assigning Lender’s original Note to evidence the Loans of such Assigning Lender and related SPV. The Assigning Lender shall provide the Administrative Agent with written notice of any such assignment
promptly after the occurrence thereof. 
 SECTION 11.05 Survival of Agreement. All covenants, agreements, representations
and warranties made by the Loan Parties in the Loan Documents and in the certificates or other instruments delivered in connection with or pursuant to this Agreement or any other Loan Document shall be considered to have been relied upon by the
other parties hereto and shall survive the execution and delivery of the Loan Documents and the making of any Loans and issuance of any Letters of Credit, regardless of any investigation made by any such other party or on its behalf and
notwithstanding that the Agents, the Issuing Bank or any Lender may have had notice or knowledge of any Default or incorrect representation or warranty at the time any credit is extended hereunder, and shall continue in full force and effect as long
as the principal of or any accrued interest on any Loan or any fee or any other amount payable under this Agreement is outstanding and unpaid or any Letter of Credit is outstanding and so long as the Commitments have not expired or terminated. The
provisions of Sections 2.12, 2.13, 2.15 and 11.03 and Article X shall survive and remain in full force and effect regardless of the consummation of the transactions contemplated hereby, the repayment of the Loans,
the expiration or termination of the Letters of Credit and the Commitments or the termination of this Agreement or any provision hereof. 

SECTION 11.06 Counterparts; Integration; Effectiveness. This Agreement may be executed in counterparts (and by different parties
hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement, the other Loan Documents and the Fee Letter constitute the entire

  

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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 which, when taken together, bear
the signatures of each of the other parties hereto, and thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. Delivery of an executed counterpart of a signature page of this
Agreement by fax shall be effective as delivery of a manually executed counterpart of this Agreement. 
 SECTION 11.07
Severability. Any provision of this Agreement held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the
validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. 

SECTION 11.08 Right of Setoff. If an Event of Default shall have occurred and be continuing, each Lender and each of its
Affiliates are hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final, but excluding trust accounts) at any
time held and other obligations at any time owing by such Lender or Affiliate to or for the credit or the account of Borrower against any of and all the obligations of Borrower now or hereafter existing under this Agreement held by such Lender,
irrespective of whether or not such Lender shall have made any demand under this Agreement and although such obligations may be unmatured. The rights of each Lender under this Section 11.08 are in addition to other rights and remedies
(including other rights of setoff) which such Lender may have. Notwithstanding the foregoing, no Lender shall exercise any right of set-off, banker’s lien, or the like against any deposit account or property of the Borrower held or maintained
by such Lender without the prior written unanimous consent of the Lenders. 
 SECTION 11.09 Governing Law; Jurisdiction;
Consent to Service of Process.
 (a) This Agreement shall be construed in accordance with and governed
by the law of the State of New York, without regard to conflicts of law principles that would require the application of the laws of another jurisdiction. 

(b) Each Loan Party hereby irrevocably and unconditionally submits, for itself and its Property, to the nonexclusive
jurisdiction of the Supreme Court of the State of New York sitting in New York County and of the United States District Court of the Southern District of New York, and any appellate court from any thereof, in any action or proceeding arising out of
or relating to any Loan Document, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined
in such New York State or, to the extent permitted by law, in such federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the
judgment or in any other manner provided by law. Nothing in this Agreement or any 
  

 152 

 
other Loan Document shall affect any right that the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender may otherwise have to bring any action or proceeding relating to
this Agreement or any other Loan Document against any Loan Party or its properties in the courts of any jurisdiction. 

(c) Each Loan Party hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do
so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement or any other Loan Document in any court referred to in paragraph (b) of this
Section 11.09. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

(d) Each party to this Agreement irrevocably consents to service of process in the manner provided for notices in
Section 11.01. Nothing in this Agreement or any other Loan Document will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 

SECTION 11.10 Waiver of Jury Trial. Each party hereto hereby waives, to the fullest extent permitted by applicable law, any right
it may have to a trial by jury in any legal proceeding directly or indirectly arising out of or relating to this Agreement, any other Loan Document or the transactions contemplated hereby (whether based on contract, tort or any other theory). Each
party hereto (a) certifies that no representative, agent or attorney of any other party has represented, expressly or otherwise, that such other party would not, in the event of litigation, seek to enforce the foregoing waiver and
(b) acknowledges that it and the other parties hereto have been induced to enter into this Agreement by, among other things, the mutual waivers and certifications in this Section 11.10. 

SECTION 11.11 Headings. Article and Section headings and the Table of Contents used herein are for convenience of reference only,
are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement. 

SECTION 11.12 Confidentiality. Each of the Administrative Agent, the Collateral Agent, the Administrative Collateral Agent, the
Issuing Bank and the Lenders agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its and its Affiliates or its Lender Affiliates’ directors, officers, employees and
agents, including accountants, legal counsel and other advisors (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information
confidential pursuant to the terms hereof), (b) to the extent requested by any regulatory authority, (c) to the extent required by applicable laws or regulations or by any subpoena or similar legal process, (d) to any other party to
this Agreement, (e) in connection with the exercise of any remedies hereunder or any suit, action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder, (f) subject to an
agreement containing provisions substantially the same as those of this Section 11.12, to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement
or (ii) any actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating to 

 

 153 

 
Borrower and their obligations, (g) with the consent of Borrower or (h) to the extent such Information (i) is publicly available at the time of disclosure or becomes publicly
available other than as a result of a breach of this Section 11.12 or (ii) becomes available to the Administrative Agent, the Collateral Agent, the Administrative Collateral Agent, the Issuing Bank or any Lender on a nonconfidential
basis from a source other than Borrower or any Subsidiary. For the purposes of this Section 11.12, “Information” means all information received from Borrower or any Subsidiary relating to Borrower or any Subsidiary or its
business, other than any such information that is available to the Administrative Agent, the Collateral Agent, the Administrative Collateral Agent, the Issuing Bank or any Lender on a nonconfidential basis prior to disclosure by Borrower or any
Subsidiary; provided that, in the case of information received from Borrower or any Subsidiary after the date hereof, such information is clearly identified at the time of delivery as confidential. Any Person required to maintain the
confidentiality of Information as provided in this Section 11.12 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. The confidentiality provisions contained in this Agreement shall not prohibit disclosures to any trustee, administrator, collateral manager, servicer, backup servicer, lender, rating
agency or secured party of any SPV in connection with the evaluation, administration, servicing of, or the reporting on, the assets or securitization activities of such SPV (it being understood, however, that any such Persons to whom such disclosure
is made will be informed of the confidential nature of any Information so disclosed and instructed to keep such Information confidential pursuant to the terms hereof). 

SECTION 11.13 Interest Rate Limitation. Notwithstanding anything herein to the contrary, if at any time the interest rate
applicable to any Loan, together with all fees, charges and other amounts which are treated as interest on such Loan under applicable law (collectively, the “Charges”), shall exceed the maximum lawful rate (the “Maximum
Rate”) which may be contracted for, charged, taken, received or reserved by the Lender holding such Loan in accordance with applicable law, the rate of interest payable in respect of such Loan hereunder, together with all Charges payable in
respect thereof, shall be limited to the Maximum Rate and, to the extent lawful, the interest and Charges that would have been payable in respect of such Loan but were not payable as a result of the operation of this Section 11.13 shall
be cumulated and the interest and Charges payable to such Lender in respect of other Loans or periods shall be increased (but not above the Maximum Rate therefor) until such cumulated amount, together with interest thereon at the Federal Funds
Effective Rate to the date of repayment, shall have been received by such Lender. 
 SECTION 11.14 Lender Addendum. The
Revolving Commitment of each Lender as of the Closing Date is set forth in the Lender Addendum executed by such Lender, the Borrower and the Administrative Agent as of the Closing Date; provided, that the aggregate of all such Commitments as
of the Third Amendment Effective Date is $105.0 million. 
 SECTION 11.15 USA Patriot Act Notice. Each Lender that is
subject to the Act (as hereinafter defined) and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies Borrower that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed
into law October 26, 2001)) (the “Act”), it is required to obtain, verify and record information that identifies Borrower, which information includes the name, address 

 

 154 

 
and tax identification number of Borrower and other information regarding Borrower that will allow such Lender or the Administrative Agent, as applicable, to identify Borrower in accordance with
the Act. This notice is given in accordance with the requirements of the Act and is effective as to the Lenders and the Administrative Agent. 

[Signature Pages Follow] 
  

 155 

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

					
	HARRY AND DAVID
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	HARRY & DAVID OPERATIONS, INC.
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	BEAR CREEK ORCHARDS, INC.
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	HARRY & DAVID HOLDINGS, INC.
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

 [Signature Page to Credit Agreement] 

					
	UBS AG, STAMFORD BRANCH, as a Lender, Issuing Bank, Administrative Agent and Administrative Collateral Agent
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	UBS LOAN FINANCE LLC, as Swingline Lender
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

 [Signature Page to Credit Agreement] 

					
	GMAC COMMERCIAL FINANCE LLC, as a Lender and Collateral Agent
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

 [Signature Page to Credit Agreement] 

 ANNEX I 

APPLICABLE MARGIN 
  

										
	 Usage
	 	 	Revolving Loans	 
	 	 	 	Eurodollar	 	 	ABR	 
	 Level I
	  	< 60	% 	 	3.25	% 	 	2.25	% 
	 Level II
	  	> 60	% 	 	3.50	% 	 	2.50	% 

 Each change in
the Applicable Margin resulting from a change in Usage shall be effective with respect to all Loans and Letters of Credit outstanding on and after the date of such change in Usage as determined by the Administrative Agent. Notwithstanding the
foregoing, Usage shall be deemed to be in Level II for purposes of determining the Applicable Margin at any time during the existence of an Event of Default. 

 EXHIBIT B 

POST-THIRD AMENDMENT EFFECTIVE DATE COMMITMENTS 

[To come.] 

Exhibit B-1 

 SCHEDULE I 

LOCAL COUNSEL OPINIONS 

Jones Day, Ohio counsel to Borrower 
 Douglas
G. Nash, in-house counsel to Borrower 
 Hornecker, Cowling, Hassen & Heysell, L.L.P., Oregon counsel to Borrower 

Schedule I-1Senior Secured Priming and Superpriority Debtor-in-Possession Credit Agreement

 Exhibit 10.1 

EXECUTION VERSION 
  

$15,000,000 

SENIOR SECURED PRIMING AND SUPERPRIORITY 

DEBTOR-IN-POSSESSION CREDIT AGREEMENT 

dated as of July 7, 2010, 

among 
 MEDICAL
STAFFING NETWORK, INC., 
 AS A DEBTOR AND DEBTOR-IN-POSSESSION, 

MEDICAL STAFFING HOLDINGS, LLC AND 

MEDICAL STAFFING NETWORK HOLDINGS, INC., 

EACH AS A DEBTOR AND DEBTOR-IN-POSSESSION, 

THE LENDERS PARTY HERETO 

and 
 GENERAL
ELECTRIC CAPITAL CORPORATION, 
 AS ADMINISTRATIVE AGENT AND COLLATERAL AGENT 

ttt
 
 GE CAPITAL MARKETS, INC., 

AS SOLE LEAD ARRANGER AND SOLE BOOKRUNNER 

							
	 ARTICLE I DEFINITIONS, INTERPRETATION AND ACCOUNTING TERMS
	  	2
				
		 	 Section 1.1
	 	Defined Terms	  	2
		 	 Section 1.2
	 	UCC Terms	  	22
		 	 Section 1.3
	 	Accounting Terms and Principles	  	22
		 	 Section 1.4
	 	Payments	  	23
		 	 Section 1.5
	 	Interpretation	  	23
		
	 ARTICLE II THE FACILITY
	  	24
				
		 	 Section 2.1
	 	The Commitments	  	24
		 	 Section 2.2
	 	Borrowing Procedures	  	24
		 	 Section 2.3
	 	[Reserved]	  	25
		 	 Section 2.4
	 	[Reserved]	  	25
		 	 Section 2.5
	 	Reduction and Termination of the Commitments	  	25
		 	 Section 2.6
	 	Repayment of Loans	  	25
		 	 Section 2.7
	 	Optional Prepayments	  	25
		 	 Section 2.8
	 	Mandatory Prepayments	  	25
		 	 Section 2.9
	 	Interest	  	26
		 	 Section 2.10
	 	[Reserved]	  	27
		 	 Section 2.11
	 	Fees	  	27
		 	 Section 2.12
	 	Application of Payments	  	27
		 	 Section 2.13
	 	Payments and Computations	  	28
		 	 Section 2.14
	 	Evidence of Debt	  	29
		 	 Section 2.15
	 	[Reserved]	  	30
		 	 Section 2.16
	 	Capital Requirements	  	31
		 	 Section 2.17
	 	Taxes	  	31
		 	 Section 2.18
	 	Substitution of Lenders	  	33
		
	 ARTICLE III CONDITIONS TO LOANS
	  	34
				
		 	 Section 3.1
	 	Conditions Precedent to Effectiveness	  	34
		 	 Section 3.2
	 	Conditions Precedent to Each Loan	  	37
		 	 Section 3.3
	 	Determinations of Initial Borrowing Conditions	  	38
		
	 ARTICLE IV REPRESENTATIONS AND WARRANTIES
	  	38
				
		 	 Section 4.1
	 	Corporate Existence; Compliance with Law	  	38
		 	 Section 4.2
	 	Loan Documents	  	38
		 	 Section 4.3
	 	Ownership of Group Members	  	39
		 	 Section 4.4
	 	Financial Statements	  	39

							
		 	 Section 4.5
	 	Material Adverse Effect	  	40
		 	 Section 4.6
	 	[Reserved]	  	40
		 	 Section 4.7
	 	Litigation	  	40
		 	 Section 4.8
	 	Taxes	  	40
		 	 Section 4.9
	 	Margin Regulations	  	41
		 	 Section 4.10
	 	No Burdensome Obligations; No Material Post-Petition Defaults	  	41
		 	 Section 4.11
	 	Investment Company Act	  	41
		 	 Section 4.12
	 	Labor Matters	  	41
		 	 Section 4.13
	 	ERISA	  	41
		 	 Section 4.14
	 	Environmental Matters	  	42
		 	 Section 4.15
	 	Intellectual Property	  	42
		 	 Section 4.16
	 	Title; Real Property	  	43
		 	 Section 4.17
	 	Full Disclosure	  	43
		 	 Section 4.18
	 	Bankruptcy Representations	  	43
		 	 Section 4.19
	 	Use of Proceeds	  	44
		 	 Section 4.20
	 	PATRIOT Act	  	44
		
	 ARTICLE V FINANCIAL COVENANT
	  	44
				
		 	 Section 5.1
	 	Budget Covenants	  	44
		
	 ARTICLE VI REPORTING COVENANTS
	  	45
				
		 	 Section 6.1
	 	Financial Reporting; Bankruptcy Court Filings	  	45
		 	 Section 6.2
	 	Other Events	  	47
		 	 Section 6.3
	 	Copies of Notices and Reports	  	47
		 	 Section 6.4
	 	Taxes	  	47
		 	 Section 6.5
	 	Labor Matters	  	47
		 	 Section 6.6
	 	ERISA Matters	  	48
		 	 Section 6.7
	 	Environmental Matters	  	48
		 	 Section 6.8
	 	Other Information	  	48
		 	 Section 6.9
	 	Confidential Health Information	  	48
		 	 Section 6.10
	 	Lender Meetings	  	49
		
	 ARTICLE VII AFFIRMATIVE COVENANTS
	  	49
				
		 	 Section 7.1
	 	Maintenance of Corporate Existence	  	49
		 	 Section 7.2
	 	Compliance with Laws, Etc	  	49
		 	 Section 7.3
	 	Payment of Obligations	  	49
		 	 Section 7.4
	 	Maintenance of Property	  	49

							
		 	 Section 7.5
	 	Maintenance of Insurance	  	50
		 	 Section 7.6
	 	Keeping of Books	  	50
		 	 Section 7.7
	 	Access to Books and Property; Inspections	  	50
		 	 Section 7.8
	 	Environmental	  	50
		 	 Section 7.9
	 	Use of Proceeds	  	51
		 	 Section 7.10
	 	Additional Collateral and Guaranties	  	51
		 	 Section 7.11
	 	Deposit Accounts; Securities Accounts and Cash Collateral Accounts	  	52
		 	 Section 7.12
	 	Compliance with Milestones. Each Loan Party shall:	  	53
		 	 Section 7.13
	 	Opposition to Certain Motions	  	53
		 	 Section 7.14
	 	Cooperation with Syndication Efforts	  	53
		 	 Section 7.15
	 	Further Assurances	  	53
		 	 Section 7.16
	 	Post-Closing Delivery of Good Standing Certificates	  	54
		
	 ARTICLE VIII NEGATIVE COVENANTS
	  	54
				
		 	 Section 8.1
	 	Indebtedness	  	54
		 	 Section 8.2
	 	Liens	  	55
		 	 Section 8.3
	 	Investments	  	55
		 	 Section 8.4
	 	Asset Sales	  	56
		 	 Section 8.5
	 	Restricted Payments	  	56
		 	 Section 8.6
	 	Prepayment of Indebtedness	  	57
		 	 Section 8.7
	 	Fundamental Changes	  	57
		 	 Section 8.8
	 	Change in Nature of Business	  	57
		 	 Section 8.9
	 	Transactions with Affiliates	  	58
		 	 Section 8.10
	 	Third-Party Restrictions on Indebtedness, Liens, Investments or Restricted Payments 	  	58
		 	 Section 8.11
	 	Modification of Certain Documents	  	58
		 	 Section 8.12
	 	Accounting Changes; Fiscal Year	  	59
		 	 Section 8.13
	 	Margin Regulations	  	59
		 	 Section 8.14
	 	Compliance with ERISA	  	59
		 	 Section 8.15
	 	Hazardous Materials	  	59
		 	 Section 8.16
	 	Bankruptcy Provisions	  	59
		 	 Section 8.17
	 	Compliance with Budget	  	60
		
	 ARTICLE IX EVENTS OF DEFAULT
	  	60
				
		 	 Section 9.1
	 	Definition	  	60

							
		 	 Section 9.2
	 	Remedies. (a)	  	63
		
	 ARTICLE X THE ADMINISTRATIVE AGENT
	  	63
				
		 	 Section 10.1
	 	Appointment and Duties	  	63
		 	 Section 10.2
	 	Binding Effect	  	65
		 	 Section 10.3
	 	Use of Discretion	  	65
		 	 Section 10.4
	 	Delegation of Rights and Duties	  	65
		 	 Section 10.5
	 	Reliance and Liability	  	65
		 	 Section 10.6
	 	Administrative Agent Individually	  	66
		 	 Section 10.7
	 	Lender Credit Decision	  	67
		 	 Section 10.8
	 	Expenses; Indemnities	  	67
		 	 Section 10.9
	 	Resignation of Administrative Agent	  	68
		 	 Section 10.10
	 	Release of Collateral or Guarantors	  	68
		 	 Section 10.11
	 	Additional Secured Parties	  	69
		
	 ARTICLE XI MISCELLANEOUS
	  	69
				
		 	 Section 11.1
	 	Amendments, Waivers, Etc	  	69
		 	 Section 11.2
	 	Assignments and Participations; Binding Effect	  	71
		 	 Section 11.3
	 	[Reserved.]	  	73
		 	 Section 11.4
	 	Costs and Expenses	  	73
		 	 Section 11.5
	 	Indemnities	  	74
		 	 Section 11.6
	 	Survival	  	75
		 	 Section 11.7
	 	Limitation of Liability for Certain Damages	  	75
		 	 Section 11.8
	 	Lender-Creditor Relationship	  	75
		 	 Section 11.9
	 	Right of Setoff	  	75
		 	 Section 11.10
	 	Sharing of Payments, Etc	  	75
		 	 Section 11.11
	 	Marshaling; Payments Set Aside	  	76
		 	 Section 11.12
	 	Notices	  	76
		 	 Section 11.13
	 	Electronic Transmissions	  	77
		 	 Section 11.14
	 	Governing Law	  	78
		 	 Section 11.15
	 	Jurisdiction	  	78
		 	 Section 11.16
	 	Waiver of Jury Trial	  	79
		 	 Section 11.17
	 	Severability	  	79
		 	 Section 11.18
	 	Execution in Counterparts	  	79
		 	 Section 11.19
	 	Entire Agreement	  	79
		 	 Section 11.20
	 	Use of Name	  	79

							
		 	 Section 11.21
	 	Non-Public Information; Confidentiality	  	79
		 	 Section 11.22
	 	Patriot Act Notice	  	80
		 	 Section 11.23
	 	Releasing and Released Parties	  	80
		 	 Section 11.24
	 	Parties Including Trustees; Bankruptcy Court Proceedings	  	81
		 	 Section 11.25
	 	No Implied Waivers	  	81

			
	 Exhibits:
	  	
	 Exhibit A
	  	Form of Assignment
	 Exhibit B
	  	Form of Note
	 Exhibit C
	  	Form of Notice of Borrowing
	 Exhibit D
	  	Form of Guaranty and Security Agreement
	 Exhibit E
	  	Form of Initial Budget
	 Exhibit F
	  	Form of Interim Order
		
	 Schedules:
	  	
	 Schedule I
	  	Commitments
	 Schedule 4.2
	  	Permits
	 Schedule 4.3
	  	Ownership of Borrower and Subsidiaries
	 Schedule 4.5
	  	Material Adverse Effect
	 Schedule 4.7
	  	Litigation
	 Schedule 4.8
	  	Taxes
	 Schedule 4.10
	  	Existing Defaults
	 Schedule 4.12
	  	Labor Matters
	 Schedule 4.13
	  	List of Plans
	 Schedule 4.14
	  	Environmental Matters
	 Schedule 4.16
	  	Real Property
	 Schedule 8.1
	  	Existing Indebtedness
	 Schedule 8.2
	  	Existing Liens
	 Schedule 8.3
	  	Existing Investments

 SENIOR SECURED PRIMING AND SUPERPRIORITY 

DEBTOR-IN-POSSESSION CREDIT AGREEMENT 

THIS SENIOR SECURED PRIMING AND SUPERPRIORITY DEBTOR-IN-POSSESSION CREDIT AGREEMENT (THIS
“AGREEMENT”) IS MADE AS OF THIS 7TH DAY OF JULY, 2010 BY AND AMONG MEDICAL STAFFING NETWORK, INC., A DELAWARE CORPORATION AND A DEBTOR AND DEBTOR-IN-POSSESSION UNDER THE BANKRUPTCY CODE (AS DEFINED BELOW) (THE
“BORROWER”), MEDICAL STAFFING HOLDINGS, LLC, A DELAWARE LIMITED LIABILITY COMPANY AND A DEBTOR AND DEBTOR-IN-POSSESSION UNDER THE BANKRUPTCY CODE (“MSH”), AND MEDICAL STAFFING NETWORK HOLDINGS, INC., A DELAWARE
CORPORATION AND A DEBTOR AND DEBTOR-IN-POSSESSION UNDER THE BANKRUPTCY CODE (“MSNH”, EACH A “HOLDINGS ENTITY” AND COLLECTIVELY, “HOLDINGS”), THE LENDERS (AS DEFINED BELOW) AND GENERAL ELECTRIC
CAPITAL CORPORATION (“GE CAPITAL”), AS ADMINISTRATIVE AGENT AND COLLATERAL AGENT FOR THE LENDERS (IN SUCH CAPACITY, AND TOGETHER WITH ITS SUCCESSORS AND PERMITTED ASSIGNS, THE “ADMINISTRATIVE AGENT”). 

W I T N E S S E T H: 

WHEREAS, on July 2, 2010 (the “Petition Date”), the Borrower, Holdings and each other Guarantor (as defined below)
(each a “Debtor” and collectively, the “Debtors”), commenced Chapter 11 Case Nos. 10-29101 through 10-29112, administratively consolidated as Case No. 10-29101-EPK (each a “Case” and
collectively, the “Cases”) under the Bankruptcy Code (as defined below) with the United States Bankruptcy Court for the Southern District of Florida, Palm Beach Division (the “Bankruptcy Court”); 

WHEREAS, from and after the Petition Date, the Debtors will continue to operate their respective businesses and to manage their
respective properties as debtors and debtors-in-possession pursuant to Section 1101(a) and 1108 of the Bankruptcy Code; 

WHEREAS, prior to the Petition Date, the Borrower received financing pursuant to that certain First Lien Credit Agreement dated as of
July 2, 2007 and amended and restated as of March 12, 2009 (as amended, supplemented, restated or otherwise modified from time to time prior to the date hereof, the “Pre-Petition First Lien Credit Agreement”), among the
Borrower, Holdings, GE Capital, as administrative agent (the “Pre-Petition First Lien Agent”), GE Capital Markets, Inc., as sole lead arranger and sole bookrunner, Firstlight Financial Corporation, as documentation agent, and the
various lenders from time to time party thereto (the “Pre-Petition First Lien Lenders”); 
 WHEREAS, prior to
the Petition Date, the Borrower also received financing pursuant to that certain Second Lien Credit Agreement dated as of July 2, 2007 and amended and restated as of March 12, 2009 (as amended, supplemented, restated or otherwise modified
from time to time prior to the date hereof, the “Pre-Petition Second Lien Credit Agreement”), among the Borrower, Holdings, NexBank, SSB, as successor to GE Capital, as administrative agent and collateral agent (the
“Pre-Petition Second Lien Agent”) and the various lenders from time to time party thereto (the “Pre-Petition Second Lien Lenders”); and 

 WHEREAS, the Borrower has requested, and the Lenders have agreed to make available to the
Borrower, a senior secured priming and superpriority debtor-in-possession revolving loan credit facility in an original principal amount (subject to entry of the Final Order (as defined below)) of $15,000,000, the proceeds of which will be used to
fund working capital and certain other expenses of the Borrower and the Guarantors during the pendency of the Cases in accordance with the Budget; 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by each of the parties
hereto, the parties hereby agree as follows: 
 ARTICLE I 

DEFINITIONS, INTERPRETATION AND ACCOUNTING TERMS 

Section 1.1 Defined Terms. As used in this Agreement, the following terms have the following meanings: 

“363 Asset Purchase Agreement” means an asset purchase agreement to be delivered by Purchaser pursuant to which the
Debtors will Sell, and the Purchaser will buy, substantially all of the assets of the Debtors in the 363 Sale. 
 “363
Sale” means the Sale of substantially all of the assets of the Debtors under section 363 of the Bankruptcy Code. 

“Administrative Agent” has the meaning specified in the preamble hereto. 

“Affected Lender” has the meaning specified in Section 2.18. 

“Affiliate” means, with respect to any Person, each officer, director, general partner or joint-venture of such Person
and any other Person that directly or indirectly controls, is controlled by, or is under common control with, such Person; provided, however, that no Secured Party shall be an Affiliate of the Borrower. For purpose of this definition,
“control” means the possession of either (a) the power to vote, or the beneficial ownership of, 10% or more of the Voting Stock of such Person or (b) the power to direct or cause the direction of the management and
policies of such Person, whether by contract or otherwise. 
 “Aggregate Liquidity” means, at any time, the
aggregate amount of (a) unused availability under the Facility at such time plus (b) the Borrower’s and its Subsidiaries’ unrestricted cash on hand. 

“Agreement” has the meaning specified in the preamble hereto. 

“Approved Fund” means, with respect to any Lender, any Person (other than a natural Person) that (a) 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 and (b) is advised or managed by (i) such Lender, (ii) any Affiliate of such
Lender or (iii) any Person (other than an individual) or any Affiliate of any Person (other than an individual) that administers or manages such Lender. 

“Assignment” means an assignment agreement entered into by a Lender, as assignor, and any Person, as assignee, pursuant
to the terms and provisions of Section 11.2 (with the consent of any party whose consent is required by Section 11.2), in substantially the form of Exhibit A, or any other form approved by the Administrative Agent. 

 

 2 

 “Avoidance Actions” means any claims, demands, actions or causes of action
available to the Debtors or their bankruptcy estates through the exercise of the powers granted pursuant to Chapter 5 of the Bankruptcy Code. 

“Avoidance Action Proceeds” means the proceeds of Avoidance Actions, including proceeds received through demand,
settlement or trial of Avoidance Actions. 
 “Bankruptcy Code” means chapter 11 of title 11 of the United
States Code, 11 U.S.C. §§ 101, et seq. 
 “Bankruptcy Court” has the meaning specified in the
recitals hereto. 
 “Bankruptcy Court Order” means, collectively, the Interim Order and the Final Order.

 “Benefit Plan” means any employee benefit plan as defined in Section 3(3) of ERISA (whether governed by
the laws of the United States or otherwise) to which any Group Member incurs or otherwise has any obligation or liability, contingent or otherwise. 

“Bidding Procedures” means the bidding procedures to implement the 363 Sale, in the form attached to the order of the
Bankruptcy Court approving the bidding procedures. 
 “Borrower” has the meaning specified in the preamble
hereto. 
 “Borrowing” means a borrowing consisting of Loans made on the same day by the Lenders according to
their respective Commitments and in accordance with the Budget, as set forth by the Borrower on the Notice of Borrowing therefor. 

“Budget” means the Initial Budget, as supplemented by each approved Proposed Budget. 

“Business Day” means any day of the year that is not a Saturday, Sunday or a day on which banks are required or
authorized to close in New York City. 
 “Capital Expenditures” means, for any Person for any period, the
aggregate of all expenditures, including, without limitation, capitalized software costs, whether or not made through the incurrence of Indebtedness, by such Person and its Subsidiaries during such period for the acquisition, leasing (pursuant to a
Capital Lease), construction, replacement, repair, substitution or improvement of fixed or capital assets or additions to equipment, in each case required to be capitalized under GAAP on a Consolidated balance sheet of such Person, excluding
interest capitalized during construction. 
 “Capital Lease” means, with respect to any Person, any lease of,
or other arrangement conveying the right to use, any property (whether real, personal or mixed) by such Person as lessee that has been or should be accounted for as a capital lease on a balance sheet of such Person prepared in accordance with GAAP.

  

 3 

 “Capitalized Lease Obligations” means, at any time, with respect to any
Capital Lease, any lease entered into as part of any Sale and Leaseback Transaction of any Person or any synthetic lease, the amount of all obligations of such Person that is (or that would be, if such synthetic lease or other lease were accounted
for as a Capital Lease) capitalized on a balance sheet of such Person prepared in accordance with GAAP. 

“Carve-Out” means (a) the amount of Debtors’ Professional Fees incurred before the delivery of a Carve-Out
Trigger Notice that are ultimately allowed by final order of the Bankruptcy Court, (b) the amount of Committee Professional Fees incurred before the delivery of a Carve-Out Trigger Notice that are ultimately allowed by final order of the
Bankruptcy Court, (c) all allowed and unpaid Professional Fees that are incurred from and after the delivery of a Carve-Out Trigger Notice in an aggregate amount not in excess of the Carve-Out Cap and (d) the payment of fees pursuant to 28
U.S.C. § 1930(a). 
 “Carve-Out Cap” means, with respect to (a) Debtors’ Professional Fees
(excluding fees due to Jefferies & Company, Inc. in accordance with the Jefferies Engagement Letter), $500,000, and (b) Committee Professional Fees, $25,000. 

“Carve-Out Trigger Notice” means a written notice delivered by the Administrative Agent to Borrower’s lead counsel,
the U.S. Trustee for the Cases and lead counsel to any statutory committee appointed in the Cases following the occurrence and during the continuation of a Default. 

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

“Cash Collateral Account” means a deposit account or securities account in the name of the Borrower and under the sole
control (as defined in the applicable UCC) of the Administrative Agent and (a) in the case of a deposit account, from which the Borrower may not make withdrawals except as permitted by the Administrative Agent and (b) in the case of a
securities account, with respect to which the Administrative Agent shall be the entitlement holder and the only Person authorized to give entitlement orders with respect thereto. 

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

 4 

 “Cash Flow Forecast” means a statement of sources and uses of cash of the
Debtors for the 13 weeks immediately following the week during which a Cash Flow Forecast is delivered to the Administrative Agent in form and with detail substantially similar to the Cash Flow Forecast delivered to the Administrative Agent on
July 1, 2010, which shall reflect the Borrower’s good faith projection of all cash receipts and disbursements in connection with the operation of its business in the 13-week period beginning on the date of the delivery of such Cash Flow
Forecast. 
 “CERCLA” means the United States Comprehensive Environmental Response, Compensation, and Liability
Act (42 U.S.C. §§ 9601 et seq.). 
 “Closing Date” means the date upon which the conditions precedent
in Article III hereof have been satisfied or waived pursuant to Section 11.1 hereof. 
 “Closing Date
Projections” means those financial projections, dated February 25, 2010, covering the Fiscal Year ending in 2010 and delivered to the Administrative Agent by the Borrower prior to the date hereof. 

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

“Collateral” means all property and interests in property and proceeds thereof now owned or hereafter acquired by any
Loan Party in or upon which a Lien is granted or purported to be granted pursuant to any Loan Document, excluding any Avoidance Actions and Avoidance Action Proceeds. 

“Commitment” means, with respect to each Lender, the commitment of such Lender to make Loans and acquire interests in
other Outstandings, which commitment is in the amount set forth opposite such Lender’s name on Schedule I, as amended to reflect Assignments and as such amount may be reduced pursuant to this Agreement. The aggregate amount of the
Commitments on the date hereof equals $15,000,000. 
 “Committee” means the statutory committee of unsecured
creditors appointed by the Bankruptcy Court in the Cases. 
 “Committee Professional Fees” means the amount of
actual expenditures and disbursements for the fees, costs and disbursements of the professionals retained by the Committee that are incurred in accordance with the Budget. 

“Consolidated” means, with respect to any Person, the accounts of such Person and its Subsidiaries consolidated in
accordance with GAAP. 
 “Constituent Documents” means, with respect to any Person, collectively and, in each
case, together with any modification of any term thereof, (a) the articles of incorporation, certificate of incorporation or certificate of formation of such Person, (b) the bylaws, operating agreement or joint venture agreement of such
Person, (c) any other constitutive, organizational or governing document of such Person, whether or not equivalent, and (d) any other document setting forth the manner of election or duties of the directors, officers or managing members of
such Person or the designation, amount or relative rights, limitations and preferences of any Stock of such Person. 
  

 5 

 “Contractual Obligation” means, with respect to any Person, any provision
of any Security issued by such Person or of any agreement or undertaking (other than a Loan Document) to which such Person is a party or by which it or any of its property is bound or to which any of its property is subject. 

“Control Agreement” means, with respect to any deposit account, any securities account, commodity account, securities
entitlement or commodity contract, an agreement, in form and substance satisfactory to the Administrative Agent, among the Administrative Agent, the financial institution or other Person at which such account is maintained or with which such
entitlement or contract is carried and the Loan Party maintaining such account, effective to grant “control” (as defined under the applicable UCC) over such account to the Administrative Agent. 

“Controlled Deposit Account” means each deposit account (including all funds on deposit therein) that is the subject of
an effective Control Agreement and that is maintained by any Loan Party with a financial institution approved by the Administrative Agent. 

“Controlled Securities Account” means each securities account or commodity account (including all financial assets held
therein and all certificates and instruments, if any, representing or evidencing such financial assets) that is the subject of an effective Control Agreement and that is maintained by any Loan Party with a securities intermediary or commodity
intermediary approved by the Administrative Agent. 
 “Copyrights” means all rights, title and interests (and
all related IP Ancillary Rights) arising under any Requirement of Law in or relating to copyrights and all mask work, database and design rights, whether or not registered or published, all registrations and recordations thereof and all applications
in connection therewith. 
 “Corporate Chart” means a document in form reasonably acceptable to the
Administrative Agent and setting forth, as of a date set forth therein, for each Person that is a Loan Party, that is subject to Section 7.10 or that is a Subsidiary or joint venture of any of them, (a) the full legal name of such
Person, (b) the jurisdiction of organization and any organizational number and tax identification number of such Person, (c) the location of such Person’s chief executive office (or, if applicable, sole place of business) and
(d) the number of shares of each class of Stock of such Person (other than Holdings) authorized, the number outstanding and the number and percentage of such outstanding shares for each such class owned, directly or indirectly, by any Loan
Party or any Subsidiary of any of them. 
 “Credit Bid” means a credit bid by the Pre-Petition First Lien Agent
and the Pre-Petition Consenting First Lien Lenders to acquire all the assets of the Loan Parties through the 363 Sale. 

“Customary Permitted Liens” means, with respect to any Person, any of the following: 

(a) Liens (i) with respect to the payment of taxes, assessments or other governmental charges or (ii) of suppliers, carriers,
materialmen, warehousemen, workmen or mechanics and other similar Liens, in each case imposed by law or arising in the ordinary course of business, and, for each of the Liens in clauses (i) and (ii) above for amounts that are
not yet due or that are being contested in good faith by appropriate proceedings diligently conducted and with respect to which adequate reserves or other appropriate provisions are maintained on the books of such Person in accordance with GAAP;

  

 6 

 (b) Liens (i) of a collection bank on items in the course of collection arising under
Section 4-208 of the UCC as in effect in the State of New York or any similar section under any applicable UCC or any similar Requirement of Law of any foreign jurisdiction, or (ii) arising by virtue of any statutory or common law
provision relating to banker’s liens, rights of setoff or similar rights as to deposit accounts or other funds maintained with a creditor depository institution; 

(c) pledges or cash deposits made in the ordinary course of business (i) in connection with workers’ compensation, unemployment
insurance or other types of social security benefits (other than any Lien imposed by ERISA), (ii) to secure the performance of bids, tenders, leases (other than Capital Leases), sales or other trade contracts (other than for the repayment of
borrowed money) or (iii) made in lieu of, or to secure the performance of, surety, customs, reclamation or performance bonds (in each case not related to judgments or litigation); 

(d) judgment liens (other than for the payment of taxes, assessments or other governmental charges) securing judgments and other
proceedings not constituting an Event of Default under Section 9.1(e) and pledges or cash deposits made in lieu of, or to secure the performance of, judgment or appeal bonds in respect of such judgments and proceedings; 

(e) Liens (i) arising by reason of zoning restrictions, easements, licenses, reservations, restrictions, covenants, rights-of-way,
encroachments, minor defects or irregularities in title (including leasehold title) and other similar encumbrances on the use of real property or (ii) consisting of leases, licenses or subleases granted by a lessor, licensor or sublessor on its
property (in each case other than Capital Leases) otherwise permitted under Section 8.4 that, for each of the Liens in clauses (i) and (ii) above, do not, in the aggregate, materially (x) impair the value or
marketability of such real property or (y) interfere with the ordinary conduct of the business conducted and proposed to be conducted at such real property; 

(f) Liens of landlords or lessors and mortgagees of landlords or lessors (i) arising by statute or under any lease or related
Contractual Obligation entered into in the ordinary course of business, (ii) on fixtures and movable tangible property located on the real property leased or subleased from such landlord, (iii) for amounts not yet due or that are being
contested in good faith by appropriate proceedings diligently conducted and (iv) to the extent such amounts are contested, for which adequate reserves or other appropriate provisions are maintained on the books of such Person in accordance with
GAAP; and 
 (g) the title and interest of a lessor or sublessor in and to personal property leased or subleased (other than
through a Capital Lease), in each case extending only to such personal property. 
 “Debtor” has the meaning
set forth in the recitals hereto. 
 “Debtors’ Professional Fees” means the fees, costs and disbursements
of the professionals retained by the Debtors that are incurred in accordance with the Budget. 
 “Default”
means any Event of Default and any event that, with the passing of time or the giving of notice or both, would become an Event of Default. 

“Disclosure Documents” means all documents filed by any Group Member with the United States Securities and Exchange
Commission. 
  

 7 

 “Dollars” and the sign “$” each mean the lawful money of
the United States of America. 
 “Domestic Person” means any “United States person” under and
as defined in Section 770l(a)(30) of the Code. 
 “E-Fax” means any system used to receive or transmit
faxes electronically. 
 “Electronic Transmission” means each document, instruction, authorization, file,
information and any other communication transmitted, posted or otherwise made or communicated by e-mail or E-Fax, or otherwise to or from an E-System or other equivalent service. 

“Environmental Laws” means all Requirements of Law and Permits imposing liability or standards of conduct for or
relating to the regulation and protection of human health, safety, the environment and natural resources, including CERCLA, the SWDA, the Hazardous Materials Transportation Act (49 U.S.C. §§ 5101 et seq.), the Federal Insecticide,
Fungicide, and Rodenticide Act (7 U.S.C. §§ 136 et seq.), the Toxic Substances Control Act (15 U.S.C. §§ 2601 et seq.), the Clean Air Act (42 U.S.C. §§ 7401 et seq.), the Federal Water Pollution Control Act (33 U.S.C.
§§ 1251 et seq.), the Occupational Safety and Health Act (29 U.S.C. §§ 651 et seq.), the Safe Drinking Water Act (42 U.S.C. §§ 300(f) et seq.), all regulations promulgated under any of the foregoing, all analogous
Requirements of Law and Permits and any environmental transfer of ownership notification or approval statutes, including the Industrial Site Recovery Act (N.J. Stat. Ann. §§ 13:1K-6 et seq.). 

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

“Escrow Agreement” means that certain Escrow Agreement dated April 30, 2010 between the Borrower and CBIZ Goldstein
Lewin, as escrow agent. 
 “E-Signature” means the process of attaching to or logically associating with an
Electronic Transmission an electronic symbol, encryption, digital signature or process (including the name or an abbreviation of the name of the party transmitting the Electronic Transmission) with the intent to sign, authenticate or accept such
Electronic Transmission. 
 “E-System” means any electronic system, including
Intralinks® and
ClearPar® and any other Internet or extranet-based site, whether such electronic system is owned, operated or
hosted by the Administrative Agent, any of its Related Persons or any other Person, providing for access to data protected by passcodes or other security system. 

“ERISA” means the United States Employee Retirement Income Security Act of 1974. 

 

 8 

 “ERISA Affiliate” means, collectively, any Group Member, and any Person
under common control, or treated as a single employer, with any Group Member, within the meaning of Section 414(b), (c), (m) or (o) of the Code. 

“ERISA Event” means any of the following: (a) a reportable event described in Section 4043(b) of ERISA (or,
unless the 30-day notice requirement has been duly waived under the applicable regulations, Section 4043(c) of ERISA) with respect to a Title IV Plan, (b) the withdrawal of any ERISA Affiliate from a Title IV 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, (c) the complete or partial withdrawal of any ERISA Affiliate from any Multiemployer Plan, (d) with
respect to any Multiemployer Plan, the filing of a notice of reorganization, insolvency or termination (or treatment of a plan amendment as termination) under Section 4041A of ERISA, (e) the filing of a notice of intent to terminate a
Title IV Plan (or treatment of a plan amendment as termination) under Section 4041 of ERISA, (f) the institution of proceedings to terminate a Title IV Plan or Multiemployer Plan by the PBGC, (g) the failure to make any required
contribution to any Title IV Plan or Multiemployer Plan when due, (h) the imposition of a lien under Section 412 of the Code or Section 302 or 4068 of ERISA on any property (or rights to property, whether real or personal) of any
ERISA Affiliate, (i) the failure of a Benefit Plan or any trust thereunder intended to qualify for tax exempt status under Section 401 or 501 of the Code or other Requirements of Law to qualify thereunder and (j) any other event or
condition that might reasonably be expected to constitute grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Title IV Plan or Multiemployer Plan or for the imposition of any liability
upon any ERISA Affiliate under Title IV of ERISA other than for PBGC premiums due but not delinquent. 
 “Event of
Default” has the meaning specified in Section 9.1. 
 “Excluded Foreign Subsidiary” means any
Subsidiary that is not a Domestic Person and in respect of which any of (a) the pledge of all of the Stock of such Subsidiary as Collateral for any Obligation of the Borrower, (b) the grant by such Subsidiary of a Lien on any of its
property as Collateral for any Obligation of the Borrower or (c) such Subsidiary incurring Guaranty Obligations with respect to any Obligation of Holdings, the Borrower or any Domestic Person would, in the good faith judgment of the Borrower,
result in materially adverse tax consequences to the Loan Parties and their Subsidiaries, taken as a whole; provided, however, that (x) the Administrative Agent and the Borrower may agree that, despite the foregoing, any such
Subsidiary shall not be an “Excluded Foreign Subsidiary” and (y) no such Subsidiary shall be an “Excluded Foreign Subsidiary” if, with substantially similar tax consequences, such Subsidiary has entered into
any Guaranty Obligations with respect to, such Subsidiary has granted a security interest in any of its property to secure, or more than 66% of the Voting Stock of such Subsidiary was pledged to secure, directly or indirectly, any Indebtedness
(other than the Obligations) of any Loan Party. 
 “Facility” means the loan credit facility evidenced by this
Agreement, including the Commitments and the provisions herein related to the Loans. 
 “Federal Funds Rate”
means, for any period, a fluctuating interest rate per annum equal for each day during such period to the weighted average of the rates on overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds
brokers, as determined by the Administrative Agent in its sole discretion. 
  

 9 

 “Federal Reserve Board” means the Board of Governors of the United States
Federal Reserve System and any successor thereto. 
 “Fee Letter” means the letter agreement, dated as of
July 7, 2010, addressed to the Borrower from the Administrative Agent and accepted by the Borrower, with respect to certain fees to be paid from time to time to the Administrative Agent and its Related Persons. 

“Final Order” means a final order entered by the Bankruptcy Court in the Cases after a final hearing under Bankruptcy
Rule 4001(c)(2) or such other procedures approved by the Bankruptcy Court, which order shall be substantially consistent with the Interim Order and shall otherwise be in form and substance satisfactory to the Administrative Agent and the Required
Lenders. 
 “Financial Statement” means each financial statement delivered pursuant to Section 4.4 or
6.1. 
 “Fiscal Month” means each fiscal month period ending on or about
January 31, February 28/29, March 31, April 30, May 31, June 30, July 31, August 31, September 30, October 31, November 30 or December 31.

 “Fiscal Quarter” means each 3 Fiscal Month period ending on or about
March 31, June 30, September 30 or December 31. 
 “Fiscal Year” means the
twelve-month period ending on or about December 31. 
 “Foreign Subsidiary” means, with respect to any
Person, a Subsidiary of such Person that is not a Domestic Person. 
 “GAAP” means generally accepted
accounting principles in the United States of America, as in effect from time to time, set forth in the opinions and pronouncements of the Accounting Principles Board and the American Institute of Certified Public Accountants, in the statements and
pronouncements of the Financial Accounting Standards Board and in such other statements by such other entity as may be in general use by significant segments of the accounting profession that are applicable to the circumstances as of the date of
determination. Subject to Section 1.3, all references to “GAAP” shall be to GAAP applied consistently with the principles used in the preparation of the Financial Statements described in Section 4.4(a).

 “GE Capital” has the meaning specified in the preamble hereto. 

“Governmental Authority” means any nation, sovereign or government, any state or other political subdivision thereof,
any agency, authority or instrumentality thereof and any entity or authority exercising executive, legislative, taxing, judicial, regulatory or administrative functions of or pertaining to government, including any stock exchange, regulatory body,
arbitrator, public sector entity, or supra-national entity (including the European Union and the European Central Bank). 

“Group Members” means, collectively, the Borrower, its Subsidiaries and Holdings. 

 

 10 

 “Group Members’ Accountants” means Ernst & Young LLP or other
nationally-recognized independent registered certified public accountants reasonably acceptable to the Administrative Agent. 

“Guarantor” means Holdings, each Wholly Owned Subsidiary of the Borrower that is not an Excluded Foreign Subsidiary and
each other Person that enters into any Guaranty Obligation with respect to any Obligation of any Loan Party. 

“Guaranty and Security Agreement” means a guaranty and security agreement, in substantially the form of
Exhibit H, among the Administrative Agent, the Borrower and other Guarantors from time to time party thereto. 

“Guaranty Obligation” means, as applied to any Person, any direct or indirect liability, contingent or otherwise, of
such Person for any Indebtedness, lease, dividend or other obligation (the “primary obligation”) of another Person (the “primary obligor”), if the purpose or intent of such Person in incurring such liability, or the
economic effect thereof, is to guarantee such primary obligation or provide support, assurance or comfort to the holder of such primary obligation or to protect or indemnify such holder against loss with respect to such primary obligation, including
(a) the direct or indirect guaranty, endorsement (other than for collection or deposit in the ordinary course of business), co-making, discounting with recourse or sale with recourse by such Person of any primary obligation, (b) the
incurrence of reimbursement obligations with respect to any letter of credit or bank guarantee in support of any primary obligation, (c) the existence of any Lien, or any right, contingent or otherwise, to receive a Lien, on the property of
such Person securing any part of any primary obligation and (d) any liability of such Person for a primary obligation through any Contractual Obligation (contingent or otherwise) or other arrangement (i) to purchase, repurchase or
otherwise acquire such primary obligation or any security therefor or to provide funds for the payment or discharge of such primary obligation (whether in the form of a loan, advance, stock purchase, capital contribution or otherwise), (ii) to
maintain the solvency, working capital, equity capital or any balance sheet item, level of income or cash flow, liquidity or financial condition of any primary obligor, (iii) to make take-or-pay or similar payments, if required, regardless of
non-performance by any other party to any Contractual Obligation, (iv) to purchase, sell or lease (as lessor or lessee) any property, or to purchase or sell services, primarily for the purpose of enabling the primary obligor to satisfy such
primary obligation or to protect the holder of such primary obligation against loss or (v) to supply funds to or in any other manner invest in, such primary obligor (including to pay for property or services irrespective of whether such
property is received or such services are rendered); provided, however, that “Guaranty Obligations” shall not include (x) endorsements for collection or deposit in the ordinary course of business and
(y) product warranties given in the ordinary course of business. The outstanding amount of any Guaranty Obligation shall equal the outstanding amount of the primary obligation so guaranteed or otherwise supported or, if lower, the stated
maximum amount for which such Person may be liable under such Guaranty Obligation. 
 “Hazardous Material”
means any substance, material or waste that is classified, regulated or otherwise characterized under any Environmental Law as hazardous, toxic, a contaminant or a pollutant or by other words of similar meaning or regulatory effect, including
petroleum or any fraction thereof, asbestos, polychlorinated biphenyls and radioactive substances. 
 “Hedging
Agreement” means any Interest Rate Contract, foreign exchange, swap, option or forward contract, spot, cap, floor or collar transaction, any other derivative instrument and any other similar speculative transaction and any other similar
agreement or arrangement designed to alter the risks of any Person arising from fluctuations in any underlying variable. 
  

 11 

 “HIPAA” means the Health Insurance Portability and Accountability Act of
1996, as amended from time to time, and any rules or regulation promulgated from time to time thereunder. 

“Holdings” has the meaning specified in the preamble hereto. 

“Holdings Entity” has the meaning specified in the preamble hereto. 

“Indebtedness” of any Person means, without duplication, any of the following, whether or not matured: (a) all
indebtedness for borrowed money, (b) all obligations evidenced by notes, bonds, debentures or similar instruments, (c) all reimbursement and all obligations with respect to (i) letters of credit, bank guarantees or bankers’
acceptances or (ii) surety, customs, reclamation or performance bonds (in each case not related to judgments or litigation) other than those entered into in the ordinary course of business, (d) all obligations to pay the deferred purchase
price of property or services, other than trade payables incurred in the ordinary course of business, (e) all obligations created or arising under any conditional sale or other title retention agreement, regardless of whether the rights and
remedies of the seller or lender under such agreement in the event of default are limited to repossession or sale of such property, (f) all Capitalized Lease Obligations, (g) all obligations, whether or not contingent, to purchase, redeem,
retire, defease or otherwise acquire for value any of its own Stock or Stock Equivalents (or any Stock or Stock Equivalent of a direct or indirect parent entity thereof) prior to the Scheduled Termination Date, valued at, in the case of redeemable
preferred Stock, the greater of the voluntary liquidation preference and the involuntary liquidation preference of such Stock plus accrued and unpaid dividends, (h) all payments that would be required to be made in respect of any Hedging
Agreement, to the extent that a termination (including an early termination) has occurred and (i) all Guaranty Obligations for obligations of any other Person constituting Indebtedness of such other Person; provided, however, that
the items in each of clauses (a) through (i) above shall constitute “Indebtedness” of such Person solely to the extent, directly or indirectly, (x) such Person is liable for any part of any such item,
(y) any such item is secured by a Lien on such Person’s property or (z) any other Person has a right, contingent or otherwise, to cause such Person to become liable for any part of any such item or to grant such a Lien. 

“Indemnified Matter” has the meaning specified in Section 11.5. 

“Indemnitee” has the meaning specified in Section 11.5. 

“Initial Budget” mean the initial 13-week cash flow budget, substantially in the form of Exhibit E or such other
form that is in form and substance satisfactory to the Administrative Agent and the Required Lenders, setting forth on a line-item basis (i) projected cash receipts, (ii) projected disbursements (including ordinary course operating
expenses, bankruptcy-related expenses under the Cases, Capital Expenditures, asset sales and fees and expenses of the Administrative Agent and Pre-Petition First Lien Agent (including counsel, financial advisors and other professionals therefor) and
any other fees and expenses relating to the Facility) and (iii) the Aggregate Liquidity. 
 “InteliStaf
JV” means InteliStaf of Oklahoma, LLC. 
  

 12 

 “Intellectual Property” means all rights, title and interests in or
relating to intellectual property and industrial property arising under any Requirement of Law and all IP Ancillary Rights relating thereto, including all Copyrights, Patents, Trademarks, Internet Domain Names, Trade Secrets and IP Licenses.

 “Interim Order” means an interim order entered by the Bankruptcy Court in the Cases after an interim hearing
and pursuant to the standards prescribed in section 364 of the Bankruptcy Code, Bankruptcy Rule 4001 and other applicable law, substantially in the form of Exhibit F. 

“Internet Domain Names” means all rights, title and interests (and all related IP Ancillary Rights) arising under any
Requirement of Law in or relating to Internet domain names. 
 “Investment” means, with respect to any
Person, directly or indirectly, (a) to own, purchase or otherwise acquire, in each case whether beneficially or otherwise, any investment in, including any interest in, any Security of any other Person (other than any evidence of any
Obligation), (b) to purchase or otherwise acquire, whether in one transaction or in a series of transactions, all or a significant part of the property of any other Person or a business conducted by any other Person or all or substantially all
of the assets constituting the business of a division, branch, brand or other unit operation of any other Person, (c) to incur, or to remain liable under, any Guaranty Obligation for Indebtedness of any other Person, to assume the Indebtedness
of any other Person or to make, hold, purchase or otherwise acquire, in each case directly or indirectly, any deposit, loan, advance, commitment to lend or advance, or other extension of credit (including by deferring or extending the date of, in
each case outside the ordinary course of business, the payment of the purchase price for Sales of property or services to any other Person, to the extent such payment obligation constitutes Indebtedness of such other Person), excluding deposits with
financial institutions available for withdrawal on demand, prepaid expenses, accounts receivable, deposits made in connection with the purchase of equipment or other assets and similar items created in the ordinary course of business, and excluding
with respect to the Loan Parties, payments made from such deposit accounts on behalf of Intelistaf JV to the extent contemplated by the Budget or (d) to make, directly or indirectly, any contribution to the capital of any other Person. 

 “IP Ancillary Rights” means, with respect to any other Intellectual Property, as applicable, all foreign
counterparts to, and all divisionals, reversions, continuations, continuations-in-part, reissues, reexaminations, renewals and extensions of, such Intellectual Property and all income, royalties, proceeds and Liabilities at any time due or payable
or asserted under or with respect to any of the foregoing or otherwise with respect to such Intellectual Property, including all rights to sue or recover at law or in equity for any past, present or future infringement, misappropriation, dilution,
violation or other impairment thereof, and, in each case, all rights to obtain any other IP Ancillary Right. 
 “IP
License” means all Contractual Obligations (and all related IP Ancillary Rights), whether written or oral, granting any right title and interest in or relating to any Intellectual Property. 

“IRS” means the Internal Revenue Service of the United States and any successor thereto. 

“Jefferies Engagement Letter” means that certain Engagement Letter, dated as of February 8, 2010, between
Jefferies & Company, Inc. and MSNH (as amended by that certain Amendment to Engagement Letter, dated as of June 9, 2010). 
  

 13 

 “Lender” means any financial institution or other Person that (a) is
listed on the signature pages hereof as a “Lender” or (b) from time to time becomes a party hereto by execution of an Assignment, in each case together with its successors. 

“Liabilities” means all claims, actions, suits, judgments, damages, losses, liability, obligations, responsibilities,
fines, penalties, sanctions, costs, fees, taxes, commissions, charges, disbursements and expenses, in each case of any kind or nature (including interest accrued thereon or as a result thereto and fees, charges and disbursements of financial, legal
and other advisors and consultants), whether joint or several, whether or not indirect, contingent, consequential, actual, punitive, treble or otherwise. 

“Lien” means any mortgage, deed of trust, pledge, hypothecation, assignment, charge, deposit arrangement, encumbrance,
easement, lien (statutory or other), security interest or other security arrangement and any other preference, priority or preferential arrangement of any kind or nature whatsoever, including any conditional sale contract or other title retention
agreement, the interest of a lessor under a Capital Lease and any synthetic or other financing lease having substantially the same economic effect as any of the foregoing. 

“Loan” has the meaning specified in Section 2.1. 

“Loan Documents” means, collectively, this Agreement, the Restructuring Support Agreement, any Notes, the Guaranty and
Security Agreement, the Mortgages, the Control Agreements, the Fee Letter and, when executed, each document executed by a Loan Party and delivered to the Administrative Agent, or any Lender in connection with or pursuant to any of the foregoing or
the Obligations, together with any modification of any term, or any waiver with respect to, any of the foregoing. 

“Loan Party” means the Borrower and each Guarantor. 

“Material Adverse Effect” means the occurrence, after June 9, 2010, of any change, effect, event, occurrence,
development, circumstance or state of facts which has had or would reasonably be expected to have a materially adverse effect on the business, properties, operations, financial condition, prospects or results of operations of the Loan Parties, taken
as a whole, or which would materially impair the Loan Parties’ ability to perform their obligations under this Agreement or have a materially adverse effect on or prevent or materially delay the consummation of the financial restructuring of
the Borrower’s indebtedness; provided, however, that changes in the business, properties, operations, financial condition, prospects or results of operations of the Loan Parties arising by reason of any of the following shall not
constitute a material adverse change (except, in the case of clauses (ii) through (v), to the extent disproportionately affecting the Loan Parties relative to other companies in the industry in which the Loan Parties operate, but taking into
account for purposes of determining whether a Material Adverse Effect has occurred only the disproportionate impact): (i) the filing of a voluntary petition under Chapter 11 of the Bankruptcy Code or the effect, directly or indirectly, of such
filing; (ii) changes in conditions in the U.S. or global economy or capital or financial markets generally, including changes in interest or exchange rates; (iii) factors generally affecting the industries or markets in which the Loan
Parties operate; (iv) changes in general legal, tax, regulatory, political or business conditions that, in each case, generally affect the geographic regions or industries in which the Loan Parties conduct their business; and (v) acts of
war, armed hostilities, sabotage or terrorism, or any escalation or worsening of any such acts of war, armed hostilities, sabotage or terrorism threatened or underway as of the date of this Agreement. 

 

 14 

 “Material Environmental Liabilities” means Environmental Liabilities
exceeding $500,000 in the aggregate. 
 “Maximum Lawful Rate” has the meaning specified in
Section 2.9(d). 
 “Milestone” has the meaning specified in Section 7.12(g).

 “Monthly Financial Statements” has the meaning specified in Section 6.1(a). 

“Moody’s” means Moody’s Investors Service, Inc. 

“Mortgage” means any mortgage, deed of trust or other document executed or required herein to be executed by any Loan
Party and granting a security interest over real property in favor of the Administrative Agent as security for the Obligations. 

“Mortgage Supporting Documents” means, with respect to any Mortgage for a parcel of real property, each document
(including title policies or marked-up unconditional insurance binders (in each case, together with copies of all documents referred to therein), maps, ALTA (or TLTA, if applicable) as-built surveys (in form and as to date that is sufficiently
acceptable to the title insurer issuing title insurance to the Administrative Agent for such title insurer to deliver endorsements to such title insurance as reasonably requested by the Administrative Agent), environmental assessments and reports
and evidence regarding recording and payment of fees, insurance premium and taxes) that the Administrative Agent may reasonably request, to create, register, perfect, maintain, evidence the existence, substance, form or validity of or enforce a
valid lien on such parcel of real property in favor of the Administrative Agent for the benefit of the Secured Parties, subject only to such Liens as the Administrative Agent may approve. 

“Multiemployer Plan” means any multiemployer plan, as defined in Section 400l(a)(3) of ERISA, to which any ERISA
Affiliate incurs or otherwise has any obligation or liability, contingent or otherwise. 
 “MSH” has the
meaning specified in the preamble hereto. 
 “MSNH” has the meaning specified in the preamble hereto.

 “Net Cash Proceeds” means proceeds received in cash from (a) any Sale of, or Property Loss Event with
respect to, property, net of (i) the customary out-of-pocket cash costs, fees and expenses paid or required to be paid in connection therewith, (ii) taxes paid or reasonably estimated to be payable as a result thereof and (iii) any
amount required to be paid or prepaid on Indebtedness (other than the Obligations and Indebtedness owing to any Group Member) secured by the property subject thereto or (b) any sale or issuance of Stock or incurrence of Indebtedness, in each
case net of brokers’, advisors’ and investment banking fees and other customary out-of-pocket underwriting discounts, commissions and other customary out-of-pocket cash costs, fees and expenses, in each case incurred in connection with
such transaction; provided, however, that any such proceeds received by any Subsidiary of the Borrower that is not a Wholly Owned Subsidiary of the Borrower shall constitute “Net Cash Proceeds” only to the extent of
the aggregate direct and indirect beneficial ownership interest of the Borrower therein. 
 “Non-Funding
Lender” has the meaning specified in Section 2.2(c). 
  

 15 

 “Non-U.S. Lender Party” means each of the Administrative Agent, each
Lender, each SPV and each participant, in each case that is not a Domestic Person. 
 “Note” means a promissory
note of the Borrower, in substantially the form of Exhibit B, payable to the order of a Lender in a principal amount equal to the amount of such Lender’s Commitment. 

“Notice of Borrowing” has the meaning specified in Section 2.2. 

“Obligations” means, with respect to any Loan Party, all amounts, obligations, liabilities, covenants and duties of
every type and description owing by such Loan Party to the Administrative Agent, any Lender, any other Indemnitee, any participant or any SPV arising out of, under, or in connection with, any Loan Document, whether direct or indirect (regardless of
whether acquired by assignment), absolute or contingent, due or to become due, whether liquidated or not, now existing or hereafter arising and however acquired, and whether or not evidenced by any instrument or for the payment of money, including,
without duplication, (a) if such Loan Party is the Borrower, all Loans, (b) all interest, whether or not accruing after the filing of any petition in bankruptcy or after the commencement of any insolvency, reorganization or similar
proceeding, and whether or not a claim for post-filing or post-petition interest is allowed in any such proceeding, and (c) all other fees, expenses (including fees, charges and disbursement of counsel, financial advisors and other
professionals), interest, commissions, charges, costs, disbursements, indemnities and reimbursement of amounts paid and other sums chargeable to such Loan Party under any Loan Document. 

“Other Taxes” has the meaning specified in Section 2.17(c). 

“Outstandings” means, to the extent outstanding at any time, the aggregate principal amount of the Loans. 

“Patents” means all rights, title and interests (and all related IP Ancillary Rights) arising under any Requirement of
Law in or relating to letters patent and applications therefor. 
 “PATRIOT Act” means the Uniting and
Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (Pub. L. No. 107-56). 

“PBGC” means the United States Pension Benefit Guaranty Corporation and any successor thereto. 

“Permit” means, with respect to any Person, any permit, approval, authorization, license, registration, certificate,
concession, grant, franchise, variance or permission from, and any other Contractual Obligations with, any Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which such Person or any of its
property is subject. 
 “Permitted Indebtedness” means any Indebtedness of any Group Member that is not
prohibited by Section 8.1 or any other provision of any Loan Document. 
 “Permitted Investment”
means any Investment of any Group Member that is not prohibited by Section 8.3 or any other provision of any Loan Document. 
  

 16 

 “Permitted Lien” means any Lien on or with respect to the property of any
Group Member that is not prohibited by Section 8.2 or any other provision of any Loan Document. 

“Person” means any individual, partnership, corporation (including a business trust and a public benefit corporation),
joint stock company, estate, association, firm, enterprise, trust, limited liability company, unincorporated association, joint venture and any other entity or Governmental Authority. 

“Petition Date” has the meaning specified in the recitals hereto. 

“Pre-Petition Agents” means, collectively, the Pre-Petition First Lien Agent and the Pre-Petition Second Lien Agent.

 “Pre-Petition Consenting First Lien Lender” means each “Consenting First Lien Lender” as defined
in the Restructuring Support Agreement. 
 “Pre-Petition Credit Facilities” means, collectively,
(a) “Facilities” as defined in the Pre-Petition First Lien Credit Agreement and (b) “Facilities” as defined in the Pre-Petition Second Lien Credit Agreement. 

“Pre-Petition Loan Documents” means, collectively, (a) “Loan Documents” as defined in the
Pre-Petition First Lien Credit Agreement and (b) “Loan Documents” as defined in the Pre-Petition Second Lien Credit Agreement. 

“Pre-Petition First Lien Agent” has the meaning specified in the recitals hereto. 

“Pre-Petition First Lien Collateral” means “Collateral” as defined in the Pre-Petition First Lien
Credit Agreement. 
 “Pre-Petition First Lien Credit Agreement” has the meaning specified in the recitals
hereto. 
 “Pre-Petition First Lien Lender” has the meaning specified in the recitals hereto. 

“Pre-Petition Lenders” means, collectively, the Pre-Petition First Lien Lenders and the Pre-Petition Second Lien
Lenders. 
 “Pre-Petition Liens” means, collectively, (a) a “Lien” as defined in the
Pre-Petition First Lien Credit Agreement and (b) a “Lien” as defined in the Pre-Petition Second Lien Credit Agreement. 

“Pre-Petition Majority Consenting First Lien Lenders” means the “Majority Consenting First Lien Lenders” as
defined in the Restructuring Support Agreement. 
 “Pre-Petition Obligations” means, collectively,
(a) “Obligations” as defined in the Pre-Petition First Lien Credit Agreement and (b) “Obligations” as defined in the Pre-Petition Second Lien Credit Agreement. 

“Pre-Petition Protective Advances” means “Protective Advances” as defined in the Pre-Petition First
Lien Credit Agreement. 
  

 17 

 “Pre-Petition Second Lien Agent” has the meaning specified in the recitals
hereto. 
 “Pre-Petition Second Lien Credit Agreement” has the meaning specified in the recitals hereto.

 “Pre-Petition Second Lien Lender” has the meaning specified in the recitals hereto. 

“Pre-Petition Senior Permitted Encumbrances” mean any valid, enforceable, non-avoidable security interest in existence
as of the Petition Date that is senior to the Pre-Petition Liens. 
 “Pro Rata Outstandings”, of any Lender at
any time, means the outstanding principal amount of Loans owing to such Lender. 
 “Pro Rata Share” means, with
respect to any Lender at any time, the percentage obtained by dividing (a) the Commitment (or, if such Commitment is terminated, the Pro Rata Outstandings therein) of such Lender, by (b) the sum of the Commitments (or, if such Commitments
are terminated, the Pro Rata Outstandings therein) of all Lenders then in effect. 
 “Professional Expense
Escrow” means an escrow account maintained by counsel for the Borrower subject to arrangements satisfactory to the Administrative Agent solely for payment of the Committee Professional Fees and the Debtors’ Professional Fees, in
accordance with procedures in form and substance satisfactory to the DIP Agent which may be approved by the Court for the payment of professionals. 

“Professional Fees” means, collectively, the Debtors’ Professional Fees and the Committee Professional Fees.

 “Property Loss Event” means, with respect to any property, any loss of or damage to such property or any
taking of such property or condemnation thereof. 
 “Proposed Budget” has the meaning specified in
Section 6.1(c). 
 “Purchaser” means a purchaser under the 363 Asset Purchase Agreement.

 “Register” has the meaning specified in Section 2.14(b). 

“Related Person” means, with respect to any Person, each Affiliate of such Person and each director, officer, employee,
agent, trustee, representative, attorney, accountant, together with, if such Person is the Administrative Agent, each other Person to which the Administrative Agent has delegated duties pursuant to and in accordance with Section 10.4 or
any comparable provision of any Loan Document. 
 “Release” means any release, threatened release, spill,
emission, leaking, pumping, pouring, emitting, emptying, escape, injection, deposit, disposal, discharge, dispersal, dumping, leaching or migration of Hazardous Material into or through the environment. 

“Released Parties” has the meaning specified in Section 11.23. 

“Releasing Parties” has the meaning specified in Section 11.23. 

 

 18 

 “Remedial Action” means all actions required to (a) clean up, remove,
treat or in any other way address any Hazardous Material in the indoor or outdoor environment, (b) prevent or minimize any Release so that a Hazardous Material does not migrate or endanger or threaten to endanger public health or welfare or the
indoor or outdoor environment or (c) perform pre-remedial studies and investigations and post-remedial monitoring and care with respect to any Hazardous Material. 

“Required Lenders” means, at any time, Lenders having at such time in excess of 50.0% of the aggregate Commitments (or,
if such Commitments are terminated, the Pro Rata Outstandings) then in effect, ignoring, in such calculation, the amounts held by any Non-Funding Lender. 

“Requirements of Law” means, with respect to any Person, collectively, the common law and all federal, state, local,
foreign, multinational or international laws, statutes, codes, treaties, standards, rules and regulations, ordinances, orders, judgments, writs, injunctions, decrees (including administrative or judicial precedents or authorities) and the
interpretation or administration thereof by, and other determinations, directives, requirements or requests of, any Governmental Authority, in each case that are binding upon such Person or any of its property or to which such Person or any of its
property is subject. 
 “Responsible Officer” means, with respect to any Person, any of the president, chief
executive officer, treasurer, assistant treasurer, controller, managing member or general partner of such Person but, in any event, with respect to financial matters, any such officer that is responsible for preparing the Financial Statements
delivered hereunder and, with respect to the Corporate Chart and other documents delivered pursuant to Section 6.1(e), documents delivered on the Closing Date and documents delivered pursuant to Section 7.10, the secretary or assistant
secretary of such Person or any other officer responsible for maintaining the corporate and similar records of such Person. 

“Restricted Payment” means (a) any dividend, return of capital, distribution or any other payment, whether direct
or indirect (including through the use of Hedging Agreements, or the sale of property for less than fair market value, or the making, repayment, cancellation or forgiveness of Indebtedness and similar Contractual Obligations) and whether in cash,
Securities or other property, in each case on account of any Stock or Stock Equivalent of the Borrower or any of its Subsidiaries, in each case now or hereafter outstanding and (b) any redemption, retirement, termination, defeasance,
cancellation, purchase or other acquisition for value, whether direct or indirect (including through the use of Hedging Agreements, the making, repayment, cancellation or forgiveness of Indebtedness and similar Contractual Obligations), of any Stock
or Stock Equivalent of any Group Member or of any direct or indirect parent entity of the Borrower, now or hereafter outstanding, and any payment for any such redemption, retirement, termination, cancellation, purchase or other acquisition, whether
directly or indirectly and whether to a sinking fund or a similar fund. 
 “Restructuring Support Agreement”
means that certain Restructuring Support Agreement, dated as of June 9, 2010, by and among the Borrower, Holdings, each Subsidiary of the Borrower party thereto, the Pre-Petition First Lien Agent, the Pre-Petition First Lien Lenders, and,
solely with respect to Section 33 thereof, certain Pre-Petition Second Lien Lenders. 
 “S&P” means
Standard & Poor’s Rating Services. 
  

 19 

 “Sale and Leaseback Transaction” means, with respect to any Person (the
“obligor”), any Contractual Obligation or other arrangement with any other Person (the “counterparty”) consisting of a lease by such obligor of any property that, directly or indirectly, has been or is to be Sold by
the obligor to such counterparty or to any other Person to whom funds have been advanced by such counterparty based on a Lien on, or an assignment of, such property or any obligations of such obligor under such lease. 

“Sale Order” means the order entered by the Bankruptcy Court in form and substance satisfactory to Purchaser, the
Administrative Agent and the Required Lenders, among other things, (a) authorizing the 363 Sale and a financial restructuring of the Company’s indebtedness and other obligations and (b) approving the Credit Bid and the 363 Asset
Purchase Agreement as the highest and best bid. 
 “Scheduled Termination Date” means the day that is 90 days
after the Closing Date; provided that the Scheduled Termination Date may be extended for an additional 30 days at the request of the Borrower and with the consent of the Administrative Agent and the Required Lenders, which consent shall not be
unreasonably withheld, so long as (a) no Default or Event of Default shall have occurred and be continuing and (b) the Borrower shall have provided a Budget covering the proposed extension period, in form and substance satisfactory to the
Administrative Agent and the Required Lenders. 
 “Secured Parties” means the Lenders, the Administrative
Agent, each other Indemnitee and any other holder of any Obligation of any Loan Party. 
 “Security” means all
Stock, Stock Equivalents, voting trust certificates, bonds, debentures, instruments and other evidence of Indebtedness, whether or not secured, convertible or subordinated, all certificates of interest, share or participation in, all certificates
for the acquisition of, and all warrants, options and other rights to acquire, any Security. 
 “Sell” means,
with respect to any property, to sell, convey, transfer, assign, license, lease or otherwise dispose of, any interest therein or to permit any Person to acquire any such interest, including, in each case, through a Sale and Leaseback Transaction or
through a sale, factoring at maturity, collection of or other disposal, with or without recourse, of any notes or accounts receivable. Conjugated forms thereof and the noun “Sale” have correlative meanings. 

“SPV” means any special purpose funding vehicle identified as such in a writing by any Lender to the Administrative
Agent. 
 “Stated Rate” has the meaning specified in Section 2.9(d). 

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

 

 20 

 “Subordinated Debt” means any Indebtedness that is subordinated to the
payment in full of the Obligations on terms and conditions satisfactory to the Administrative Agent. 

“Subsidiary” means, with respect to any Person, any corporation, partnership, joint venture, limited liability company,
association or other entity of which an aggregate of more than 50% of the outstanding Voting Stock is, at the time, owned or controlled directly or indirectly by, such Person or one or more Subsidiaries of such Person. 

“Substitute Lender” has the meaning specified in Section 2.18(a). 

“SWDA” means the Solid Waste Disposal Act (42 U.S.C. §§ 6901 et seq.). 

“Tax Affiliate” means (a) the Borrower and its Subsidiaries and (b) any Affiliate of the Borrower with which
the Borrower files or is eligible to file consolidated, combined or unitary tax returns. 
 “Tax Return” has
the meaning specified in Section 4.8. 
 “Taxes” has the meaning specified in
Section 2.17(a). 
 “Termination Date” shall mean the earliest of (a) the Scheduled
Termination Date, (b) the effective date of a plan of reorganization for the Borrower and the Guarantors, (c) the date on which the Administrative Agent delivers a Termination Declaration pursuant to Section 9.2, (d) the
date on which a 363 Sale is consummated or (e) the date on which the Loans and the Obligations have been indefeasibly repaid in full in cash and the Commitments have been terminated pursuant to Section 2.5. 

“Title IV Plan” means a pension plan subject to Title IV of ERISA, other than a Multiemployer Plan, to which any ERISA
Affiliate incurs or otherwise has any obligation or liability, contingent or otherwise. 
 “Trade Secrets”
means all right, title and interest (and all related IP Ancillary Rights) arising under any Requirement of Law in or relating to trade secrets. 

“Trademarks” means all rights, title and interests (and all related IP Ancillary Rights) arising under any Requirement
of Law in or relating to trademarks, trade names, corporate names, company names, business names, fictitious business names, trade styles, service marks, logos and other source or business identifiers and, in each case, all goodwill associated
therewith, all registrations and recordations thereof and all applications in connection therewith. 
 “UCC”
means the Uniform Commercial Code of any applicable jurisdiction and, if the applicable jurisdiction shall not have any Uniform Commercial Code, the Uniform Commercial Code as in effect in the State of New York. 

“United States” means the United States of America. 

“Unused Commitment Fee” has the meaning specified in Section 2.11. 

“Upfront Facility Fee” has the meaning specified in Section 2.11. 

 

 21 

 “U.S. Lender Party” means each of the Administrative Agent, each Lender,
each SPV and each participant, in each case that is a Domestic Person. 
 “Variance Report” means a variance
report substantially in the form delivered to the Pre-Petition First Lien Lenders prior to the Closing Date, setting forth (i) the actual cash receipts, expenditures and disbursements for such immediately preceding calendar week on a line-item
basis and the Aggregate Liquidity as of the end of such calendar week and (ii) the variance in dollar amounts of the actual expenditures and disbursements (excluding debt service, professional fees and Capital Expenditures) for each weekly
period from those reflected for the corresponding period in the Budget. 
 “Voting Stock” means Stock of any
Person having ordinary power to vote in the election of members of the board of directors, managers, trustees or other controlling Persons, of such Person (irrespective of whether, at the time, Stock of any other class or classes of such entity
shall have or might have voting power by reason of the occurrence of any contingency). 
 “Weekly Flash Report”
means a consolidated weekly flash report (a) by business group and (b) by branch, in each case including a comparison of flash revenue versus Budget. 

“Weekly Hours Report” means a weekly report setting forth the aggregate actual hours billed (including subcontractor
hours) during the time period covered by the Weekly Flash Report delivered in the immediately preceding week. 
 “Wholly
Owned Subsidiary” of any Person means any Subsidiary of such Person, all of the Stock of which (other than nominal holdings and director’s qualifying shares) is owned by such Person, either directly or through one or more Wholly Owned
Subsidiaries of such Person. 
 “Withdrawal Liability” means, at any time, any liability incurred (whether or
not assessed) by any ERISA Affiliate and not yet satisfied or paid in full at such time with respect to any Multiemployer Plan pursuant to Section 4201 of ERISA. 

Section 1.2 UCC Terms. The following terms have the meanings given to them in the applicable UCC: “commodity
account”, “commodity contract”, “commodity intermediary”, “deposit account”, “entitlement holder”, “entitlement order”, “equipment”, “financial asset”, “general
intangible”, “goods”, “instruments”, “inventory”, “securities account”, “securities intermediary” and “security entitlement”. 

Section 1.3 Accounting Terms and Principles. All accounting determinations required to be made pursuant hereto shall,
unless expressly otherwise provided herein, be made in accordance with GAAP. No change in the accounting principles used in the preparation of any Financial Statement hereafter adopted by Holdings shall be given effect if such change would affect a
calculation that measures compliance with any provision of Article V or VIII unless the Borrower, the Administrative Agent and the Required Lenders agree to modify such provisions to reflect such changes in GAAP and, unless such
provisions are modified, all Financial Statements and similar documents provided hereunder shall be provided together with a reconciliation between the calculations and amounts set forth therein before and after giving effect to such change in GAAP.

  

 22 

 Section 1.4 Payments. The Administrative Agent may set up standards and
procedures to determine or redetermine the equivalent in Dollars of any amount expressed in any currency other than Dollars and otherwise may, but shall not be obligated to, rely on any determination made by any Loan Party. Any such determination or
redetermination by the Administrative Agent shall be conclusive and binding for all purposes, absent manifest error. No determination or redetermination by any Secured Party or Loan Party and no other currency conversion shall change or release any
obligation of any Loan Party or of any Secured Party (other than the Administrative Agent and its Related Persons) under any Loan Document, each of which agrees to pay separately for any shortfall remaining after any conversion and payment of the
amount as converted. The Administrative Agent may round up or down, and may set up appropriate mechanisms to round up or down, any amount hereunder to nearest higher or lower amounts and may determine reasonable de minimis payment thresholds.

 Section 1.5 Interpretation. (a) Certain Terms. Except as set forth in any Loan Document, all
accounting terms not specifically defined herein shall be construed in accordance with GAAP (except for the term “property” which shall be interpreted as broadly as possible, including, in any case, cash, Securities, other assets,
rights under Contractual Obligations and Permits and any right or interest in any property). The terms “herein”, “hereof” and similar terms refer to this Agreement as a whole. In the computation of periods of time
from a specified date to a later specified date in any Loan Document, the terms “from” means “from and including” and the words “to” and “until” each mean “to but excluding” and
the word “through” means “to and including.” In any other case, the term “including” when used in any Loan Document means “including without limitation.” The term “documents”
means all writings, however evidenced and whether in physical or electronic form, including all documents, instruments, agreements, notices, demands, certificates, forms, financial statements, opinions and reports. The term “incur”
means incur, create, make, issue, assume or otherwise become directly or indirectly liable in respect of or responsible for, in each case whether directly or indirectly, and the terms “incurrence” and “incurred” and similar
derivatives shall have correlative meanings. 
 (b) Certain References. Unless otherwise expressly
indicated, references (i) in this Agreement to an Exhibit, Schedule, Article, Section or clause refer to the appropriate Exhibit or Schedule to, or Article, Section or clause in, this Agreement and (ii) in any Loan Document, to
(A) any agreement shall include, without limitation, all exhibits, schedules, appendixes and annexes to such agreement and, unless the prior consent of any Secured Party required therefor is not obtained, any modification to any term of such
agreement, (B) any statute shall be to such statute as modified from time to time and to any successor legislation thereto, in each case as in effect at the time any such reference is operative and (C) any time of day shall be a reference
to New York time. Titles of articles, sections, clauses, exhibits, schedules and annexes contained in any Loan Document are without substantive meaning or content of any kind whatsoever and are not a part of the agreement between the parties hereto.
Unless otherwise expressly indicated, the meaning of any term defined (including by reference) in any Loan Document shall be equally applicable to both the singular and plural forms of such term. 

 

 23 

 ARTICLE II 

THE FACILITY 

Section 2.1 The Commitments. 

(a) On the terms and subject to the conditions contained in this Agreement, each Lender severally, but not jointly,
agrees to make loans in Dollars (each a “Loan”) to the Borrower from time to time on any Business Day during the period from the date hereof until the Termination Date in an aggregate principal amount at any time outstanding for all
such loans by such Lender not to exceed such Lender’s Commitment; provided, however, that at no time shall any Lender be obligated to make a Loan in excess of such Lender’s Pro Rata Share of the amount by which the then
effective Commitments exceeds the aggregate Outstandings at such time; provided, further, that (a) the Borrower shall only be entitled to borrow amounts to be used for the purposes set forth in Section 7.9 and solely to the
extent such uses are set forth in the then current Budget, (b) prior to entry of the Final Order, the Borrower shall not be entitled to borrow more than $12,000,000 in the aggregate at any time outstanding and (c) upon entry of the Final
Order, subject to clause (a), the Borrower shall be entitled to borrow the full amount of the Commitments less the amount of any Pre-Petition Protective Advances then remaining outstanding and less the amount of any reserves established by the
Administrative Agent in its discretion in respect of the Carve-Out. Within the limits set forth in the first sentence of this Section 2.1, amounts of Loans repaid may be reborrowed under this Section 2.1. 

(b) Contemporaneous Borrowing Upon Entry of Final Order. The parties hereto agree that, on the date the Final
Order is entered and subject to satisfaction of the conditions set forth in Section 3.2, the Borrower shall be deemed to have delivered a Notice of Borrowing for the borrowing of Loans in an amount equal to the aggregate principal amount of
Pre-Petition Protective Advances outstanding as of such date, which Loans shall be used to repay any such Pre-Petition Protective Advances in full. 

Section 2.2 Borrowing Procedures. (a) Notice From the Borrower. Each Borrowing shall be made on notice
given by the Borrower to the Administrative Agent not later than 12:00 p.m. on the date of the proposed Borrowing. Each such notice may be made in a writing substantially in the form of Exhibit C (a “Notice of
Borrowing”) duly completed or by telephone if confirmed promptly, but in any event within one Business Day and prior to such Borrowing, with such a Notice of Borrowing, and shall set forth in reasonable detail the planned disbursements to
be made with the proceeds of such Borrowing in accordance with the Budget as certified by a Responsible Officer of the Borrower. 

(b) Notice to Each Lender. The Administrative Agent shall give to each Lender prompt notice of the Administrative
Agent’s receipt of a Notice of Borrowing. Each Lender shall, before 11:00 a.m. on the date of the proposed Borrowing, make available to the Administrative Agent at its address referred to in Section 11.12, such Lender’s
Pro Rata Share of such proposed Borrowing. Upon fulfillment or due waiver (i) on the Closing Date, of the applicable conditions set forth in Section 3.1 and (ii) on the Closing Date and any time thereafter, of the applicable
conditions set forth in Section 3.2, the Administrative Agent shall make such funds available to the Borrower (in the case of Loans allocated in the Budget to payment of Professional Fees, by depositing such funds in the Professional
Expense Escrow as identified in the relevant Notice of Borrowing) on the date set forth in the relevant Notice of Borrowing, so long as such date is in compliance herewith. 

 

 24 

 (c) Non-Funding Lenders. Unless the Administrative Agent shall have
received notice from any Lender prior to the date such Lender is required to make any payment hereunder with respect to any Loan that such Lender will not make such payment (or any portion thereof) available to the Administrative Agent, the
Administrative Agent may assume that such Lender has made such payment available to the Administrative Agent on the date such payment is required to be made in accordance with this Article II and the Administrative Agent may, in reliance
upon such assumption, make available to the Borrower on such date a corresponding amount. The Borrower agrees to repay to the Administrative Agent on demand such amount (until repaid by such Lender) 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 the interest rate applicable to the Obligation that would have been created when the Administrative Agent made available such amount
to the Borrower had such Lender made a corresponding payment available; provided, however, that such payment shall not relieve such Lender of any obligation it may have to the Borrower. In addition, any Lender that shall not have made
available to the Administrative Agent any portion of any payment described above (any such Lender, a “Non-Funding Lender”) agrees to pay such amount to the Administrative Agent on demand 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 the Federal Funds Rate for the first Business Day and thereafter in the case of a payment in respect of a Loan or
otherwise, at the interest rate applicable at the time to Loans. Such repayment shall then constitute the funding of the corresponding Loan (including any Loan deemed to have been made hereunder with such payment) or participation. The existence of
any Non-Funding Lender shall not relieve any other Lender of its obligations under any Loan Document, but no other Lender shall be responsible for the failure of any Non-Funding Lender to make any payment required under any Loan Document.

 Section 2.3 [Reserved]. 

Section 2.4 [Reserved]. 

Section 2.5 Reduction and Termination of the Commitments. (a) Optional. The Borrower may, upon notice to
the Administrative Agent, terminate in whole or reduce in part ratably any unused portion of the Commitments; provided, however, that each partial reduction shall be in an aggregate amount that is an integral multiple of $500,000.

 (b) Mandatory. All outstanding Commitments shall terminate on the Scheduled Termination Date.

 Section 2.6 Repayment of Loans. The Borrower promises to repay the entire unpaid principal amount of the
Loans on the Scheduled Termination Date. 
 Section 2.7 Optional Prepayments. The Borrower may prepay the
outstanding principal amount of the Loan in whole or in part at any time (together with accrued interest thereon). 

Section 2.8 Mandatory Prepayments. (a) Daily Cash Sweep. The Borrower hereby directs the Administrative
Agent to apply any amounts deposited into a Controlled Deposit Account to prepay the Pre-Petition Protective Advances or the Obligations, as applicable, on a daily basis, in accordance with Section 2.12. 

(b) Debt Issuances. Upon receipt on or after the Closing Date by any Loan Party or any of its Subsidiaries
of Net Cash Proceeds arising from the incurrence by any Loan Party or any of its Subsidiaries of Indebtedness of the type specified in clause (a) or (b) of the definition thereof (other than any such Indebtedness permitted
hereunder in reliance upon any of clauses (a) through (g) of Section 8.1), the Borrower shall immediately pay or cause to be paid to the Administrative Agent an amount equal to 100% of such Net Cash Proceeds.

  

 25 

 (c) Asset Sales and Property Loss Events. Upon receipt on or
after the Closing Date by any Loan Party or any of its Subsidiaries of Net Cash Proceeds arising from (i) any Sale by any Group Member of any of its property, to the extent resulting, in the aggregate with all other Sales from and after the
Closing Date, in the receipt by any of them of Net Cash Proceeds in excess of $100,000, but excluding any Sales of its own Stock and Sales of property permitted hereunder in reliance upon any of clauses (a) through (e) of
Section 8.4 or (ii) any Property Loss Event with respect to any property of any Group Member to the extent resulting in the aggregate, with all other such Property Loss Events from and after the Closing Date, in the receipt by any
of them of Net Cash Proceeds in excess of $100,000, the Borrower shall immediately pay or cause to be paid to the Administrative Agent an amount equal to 100% of such Net Cash Proceeds. 

(d) Excess Outstandings. On any date on which the aggregate principal amount of Outstandings exceeds the aggregate
Commitments less any reserves established by the Administrative Agent in its discretion in respect of the Carve-Out (or such lesser amount permitted to be outstanding prior to entry of the Final Order), the Borrower shall pay to the Administrative
Agent an amount equal to such excess. 
 Section 2.9 Interest. (a) Rate. All Loans and the
outstanding amount of all other Obligations shall bear interest, in the case of Loans, on the unpaid principal amount thereof from the date such Loans are made and, in the case of such other Obligations, from the date such other Obligations are due
and payable until, in all cases, paid in full, except as otherwise provided in clause (c) below, at a rate per annum equal to 10.00%. 

(b) Payments. Interest accrued on any Loan shall be payable in arrears on the last day of each calendar month
commencing with the first such day following the making of such Loan. 
 (c) Default Interest.
Notwithstanding the rate of interest specified in clause (a) above or elsewhere in any Loan Document, effective immediately upon (A) the occurrence of any Event of Default under Section 9.1(a) or
Section 9.1(e)(ii) or (B) the delivery of a notice by the Administrative Agent or the Required Lenders to the Borrower during the continuance of any other Event of Default and, in each case, for as long as such Event of Default
shall be continuing, the principal balance of all Obligations (including any Obligation that bears interest by reference to the rate applicable to any other Obligation) shall bear interest at a rate that is 4.00% per annum in excess of the
interest rate applicable to such Obligations from time to time, payable on demand or, in the absence of demand, on the date that would otherwise be applicable. 
  

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 (d) Maximum Interest. In no event shall the interest charged with
respect to the Loans, the Notes or any other Obligations of the Borrower under the Loan Documents exceed the maximum amount permitted under the laws of the jurisdiction whose law is specified as the governing law of this document pursuant to
Section 11.14 or of any other applicable jurisdiction. For the purposes of making any such determination hereunder, the Loans hereunder shall be deemed a single loan in the amount of the Commitments. Notwithstanding anything to the
contrary herein or elsewhere, if at any time the rate of interest payable for the account of any Lender hereunder or any other Loan Document (the “Stated Rate”) would exceed the highest rate of interest permitted under any
applicable law to be charged by such Lender (the “Maximum Lawful Rate”), then for so long as the Maximum Lawful Rate would be so exceeded, the rate of interest payable for the account of such Lender shall be equal to the Maximum
Lawful Rate; provided that if at any time thereafter the Stated Rate is less than the Maximum Lawful Rate, the Borrower shall, to the extent permitted by law, continue to pay interest for the account of such Lender at the Maximum Lawful Rate
until such time as the total interest received by the Lender is equal to the total interest which such Lender would have received had the Stated Rate been (but for the operation of this provision) the interest rate payable. Thereafter, the interest
rate payable for the account of such Lender shall be the Stated Rate unless and until the Stated Rate again would exceed the Maximum Lawful Rate, in which event this provision shall again apply. In no event shall the total interest received by any
Lender exceed the amount which such Lender could lawfully have received had the interest been calculated for the full term hereof at the Maximum Lawful Rate with respect to such Lender. In computing interest payable with reference to the Maximum
Lawful Rate applicable to any Lender, such interest shall be calculated at a daily rate equal to the Maximum Lawful Rate divided by the number of days in the year in which such calculation is made. If any Lender has received interest hereunder in
excess of the Maximum Lawful Rate with respect to such Lender, such excess amount shall be applied to the reduction of the outstanding principal balance of its Loans or to other amounts (other than interest) payable hereunder, and if no such
principal or other amounts are then outstanding, such excess or part thereof remaining shall be paid to the Borrower. 

Section 2.10 [Reserved]. 

Section 2.11 Fees. (a) Unused Commitment Fee. The Borrower agrees to pay to each Lender a commitment fee
on the actual daily amount by which the Commitment of such Lender exceeds its Pro Rata Share of the aggregate principal amount of Loans (the “Unused Commitment Fee”) from the date hereof through the Termination Date at a rate per
annum equal to 0.50%, payable in arrears (i) on the last day of each calendar month and (ii) on the Termination Date. 

(b) Additional Fees. The Borrower has agreed to pay the additional fees described in the Fee Letter. 

(c) Upfront Facility Fee. To induce the Lenders to enter into this Agreement, Borrower shall pay on the Closing
Date to Administrative Agent, for the ratable benefit of such Lenders that have signed this Agreement on or before the date hereof, a Closing Fee (the “Upfront Facility Fee”) equal to 3.00% of each such Lender’s Commitment.

 Section 2.12 Application of Payments. (a) Application of Prepayments, Collections and Asset
Sales. Until entry of the Final Order, subject to the provisions of clause (c) below with respect to the application of payments during the continuance of an Event of Default, any payment made by the Borrower to the Administrative
Agent pursuant to Section 2.8(a) or any other prepayment of the Obligations required to be applied in accordance with this clause (a) and all collections of the Loan Parties (other than funds not required to be deposited into
a Controlled Deposit Account in accordance with Section 7.11(a)), including, without limitation, insurance or condemnation proceeds and proceeds from any disposition of Collateral, in each case, in the ordinary course of business or otherwise,
shall be applied first, solely in respect of cash on hand immediately prior to the filing of the Cases and collections related to activities of the Debtors prior to the filing of the Cases, to repay the Pre-Petition Protective Advances until
indefeasibly repaid in full in cash, second, to pay Obligations in respect of any costs or expense reimbursements, fees or indemnities then due to the Lenders or the Administrative Agent, third, to pay accrued interest in respect of
the Loans, fourth, to repay the outstanding principal balance of the Loans and, then, any excess shall be deposited into a Cash Collateral Account. Any payment made by the Borrower to the Administrative Agent pursuant to
Section 2.8(b) shall be applied solely to repay the outstanding principal amount of the applicable excess. 
  

 27 

 (b) Application of Payments Following the Occurrence of an Event of
Default and Delivery of a Carve-Out Trigger Notice. Each of Holdings and the Borrower hereby irrevocably waives, and agrees to cause each Loan Party and each other Group Member to waive, the right to direct the application during the continuance
of an Event of Default of any and all payments in respect of any Obligation and any proceeds of Collateral and agrees that, notwithstanding the provisions of clause (a) above, the Administrative Agent may, and, upon either (A) the
direction of the Required Lenders or (B) the termination of any Commitment or the acceleration of any Obligation pursuant to Section 9.2, shall, apply all payments in respect of any Obligation, all funds on deposit in any Cash
Collateral Account and all other proceeds of Collateral (i) first, to pay Obligations in respect of any cost or expense reimbursements, fees or indemnities then due to the Administrative Agent, (ii) second, to pay Obligations
in respect of any cost or expense reimbursements, fees or indemnities then due to the Lenders, (iii) third, to pay interest then due and payable in respect of the Loans, (iv) fourth, to repay the outstanding principal amounts
of the Loans and (v) fifth, to the ratable payment of all other Obligations. Notwithstanding the foregoing, following delivery by the Administrative Agent of a Carve-Out Trigger Notice to the Borrower, no Professional Fees or Committee
Professional Fees may be paid with the proceeds of Collateral until such Professional Fees or Committee Professional Fees have been paid first from retainers held by such professionals and second from amounts not otherwise payable to
any professional in the Professional Expense Escrow. 
 (c) Application of Payments Generally. If
sufficient amounts are not available to repay all outstanding Obligations described in any priority level set forth in this Section 2.12, the available amounts shall be applied, unless otherwise expressly specified herein, to such
Obligations ratably based on the proportion of the Secured Parties’ interest in such Obligations. Any priority level set forth in this Section 2.12 that includes interest shall include all such interest, whether or not accruing
after the filing of any petition in bankruptcy or the commencement of any insolvency, reorganization or similar proceeding, and whether or not a claim for post-filing or post-petition interest is allowed in any such proceeding. 

Section 2.13 Payments and Computations. (a) Procedure. The Borrower shall make each payment under any Loan
Document not later than 2:00 p.m. on the day when due to the Administrative Agent by wire transfer to the following account (or at such other account or by such other means to such other address as the Administrative Agent shall have notified
the Borrower in writing within a reasonable time prior to such payment) in immediately available Dollars and without setoff or counterclaim: 

ABA No. 021-001-033 

Account Number 502-710-79 

Deutsche Bank Trust Company Americas, New York, New York 

Account Name: HH Cash Flow Collections 

Reference: GE Capital Re Medical Staffing Network, Inc.
1st 

Lien (CFN5387) 
  

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 The Administrative Agent shall promptly thereafter cause to be distributed immediately available funds
relating to the payment of principal, interest or fees to the Lenders, in accordance with the application of payments set forth in Section 2.12. The Lenders shall make any payment under any Loan Document in immediately available Dollars
and without setoff or counterclaim. Payments received by the Administrative Agent after 2:00 p.m. shall be deemed to be received on the next Business Day. 

(b) Computations of Interests and Fees. All computations of interest and of fees shall be made by the
Administrative Agent on the basis of a year of 360 days, in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest and fees are payable. 

(c) Payment Dates. Whenever any payment hereunder shall be stated to be due on a day other than a Business Day,
the due date for such payment shall be extended to the next succeeding Business Day without any increase in such payment as a result of additional interest or fees; provided, however, that such interest and fees shall continue accruing
as a result of such extension of time. 
 (d) Advancing Payments. Unless the Administrative Agent shall
have received notice from the Borrower to the Lenders prior to the date on which any payment is due hereunder that the Borrower will not make such payment in full, the Administrative Agent may assume that the Borrower has made such payment in full
to the Administrative Agent on such date and the Administrative Agent may, in reliance upon such assumption, cause to be distributed to each Lender on such due date an amount equal to the amount then due such Lender. If and to the extent that the
Borrower shall not have made such payment in full to the Administrative Agent, each Lender shall repay to the Administrative Agent on demand such amount distributed to such Lender together with interest thereon (at the rate applicable to Loans
hereunder) for each day from the date such amount is distributed to such Lender until the date such Lender repays such amount to the Administrative Agent. 

Section 2.14 Evidence of Debt. (a) Records of Lenders. Each Lender shall maintain in accordance with its
usual practice accounts evidencing Indebtedness of the Borrower to such Lender resulting from each Loan of such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time under this
Agreement. In addition, each Lender having sold a participation in any of its Obligations or having identified an SPV as such to the Administrative Agent, the Administrative Agent acting as agent of the Borrower solely for this purpose and solely
for tax purposes, shall establish and maintain at its address referred to in Section 11.12 (or at such other address as such Lender shall notify the Borrower) a record of ownership, in which such Lender shall register by book entry
(A) the name and address of each such participant and SPV (and each change thereto, whether by assignment or otherwise) and (B) the rights, interest or obligation of each such participant and SPV in any Obligation, in any Commitment and in
any right to receive any payment hereunder. 
  

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 (b) Records of Administrative Agent. The Administrative Agent,
acting as agent of the Borrower solely for tax purposes and solely with respect to the actions described in this Section 2.14, shall establish and maintain at its address referred to in Section 11.12 (or at such other address
as the Administrative Agent may notify the Borrower) (A) a record of ownership (the “Register”) in which the Administrative Agent agrees to register by book entry the interests (including any rights to receive payment
hereunder) of the Administrative Agent and each Lender in the Outstandings, each of their obligations under this Agreement to participate in each Loan, and any assignment of any such interest, obligation or right and (B) accounts in the
Register in accordance with its usual practice in which it shall record (1) the names and addresses of the Lenders (and each change thereto pursuant to Section 2.18 (Substitution of Lenders) and Section 11.2
(Assignments and Participations; Binding Effect)), (2) the Commitment of each Lender, (3) the amount of each Loan and each funding of any participation described in clause (A) above, (4) the amount of any principal
or interest due and payable or paid and (5) any other payment received by the Administrative Agent from the Borrower and its application to the Obligations. 

(c) Registered Obligations. Notwithstanding anything to the contrary contained in this Agreement, the Loans
(including any Notes evidencing such Loans) are registered obligations, the right, title and interest of the Lenders and their assignees in and to such Loans shall be transferable only upon notation of such transfer in the Register and no assignment
thereof shall be effective until recorded therein. This Section 2.14 and Section 11.2 shall be construed so that the 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 regulations (and any successor provisions). 

(d) Prima Facie Evidence. The entries made in the Register and in the accounts maintained pursuant to clauses
(a) and (b) above shall, to the extent permitted by applicable Requirements of Law, be prima facie evidence of the existence and amounts of the obligations recorded therein; provided, however, that no error in such
account and no failure of any Lender or the Administrative Agent to maintain any such account shall affect the obligations of any Loan Party to repay the Loans in accordance with their terms. In addition, the Loan Parties, the Administrative Agent,
and the Lenders shall treat each Person whose name is recorded in the Register as a Lender for all purposes of this Agreement. Information contained in the Register with respect to any Lender shall be available for access by the Borrower, the
Administrative Agent and such Lender at any reasonable time and from time to time upon reasonable prior notice. No Lender shall have access to or be otherwise permitted to review any information in the Register other than information with respect to
such Lender unless otherwise agreed by the Administrative Agent. 
 (e) Notes. Within five (5) days
of any Lender’s request, the Borrower shall execute and deliver Notes to such Lender evidencing the Loans of such Lender substantially in the form of Exhibit B; provided, however, that only one Note shall be issued to
each Lender, except (i) to an existing Lender exchanging existing Notes to reflect changes in the Register relating to such Lender, in which case the new Notes delivered to such Lender shall be dated the date of the original Notes and
(ii) in the case of loss, destruction or mutilation of existing Notes and similar circumstances. Each Note, if issued, shall only be issued as means to evidence the right, title or interest of a Lender or a registered assignee in and to the
related Loan, as set forth in the Register, and in no event shall any Note be considered a bearer instrument or obligation. 

Section 2.15 [Reserved]. 
  

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 Section 2.16 Capital Requirements. (a) Increased Capital
Requirements. If at any time any Lender determines that, after the date hereof, the adoption of, or any change in or in the interpretation, application or administration of, or compliance with, any Requirements of Law from any Governmental
Authority regarding capital adequacy, reserves, special deposits, compulsory loans, insurance charges against property of, deposits with or for the account of, Obligations owing to, or other credit extended or participated in by, any Lender or any
similar requirement shall have the effect of reducing the rate of return on the capital of such Lender’s (or any corporation controlling such Lender) as a consequence of its obligations under or with respect to any Loan Document to a level
below that which, taking into account the capital adequacy policies of such Lender or corporation, such Lender or corporation could have achieved but for such adoption or change, then, upon demand from time to time by such Lender (with a copy of
such demand to the Administrative Agent), the Borrower shall pay to the Administrative Agent for the account of such Lender amounts sufficient to compensate such Lender for such reduction. 

(b) Compensation Certificate. Each demand for compensation under this clause (a) shall be accompanied
by a certificate of the Lender claiming such compensation, setting forth in reasonable detail the basis for computation of the amounts to be paid hereunder, which certificate shall be conclusive, binding and final for all purposes, absent manifest
error. In determining such amount, such Lender may use any reasonable averaging and attribution methods. 

Section 2.17 Taxes. (a) Payments Free and Clear of Taxes. Except as otherwise provided in this
Section 2.17, each payment by any Loan Party under any Loan Document shall be made free and clear of all present or future taxes, levies, imposts, deductions, charges or withholdings and all liabilities with respect thereto (and without
deduction for any of them) (collectively, but excluding the taxes set forth in clauses (i) and (ii) below, the “Taxes”) other than for (i) taxes measured by net income (including branch profits taxes)
and franchise taxes imposed in lieu of net income taxes, in each case imposed on any Secured Party as a result of a present or former connection between such Secured Party and the jurisdiction of the Governmental Authority imposing such tax or any
political subdivision or taxing authority thereof or therein (other than such connection arising solely from any Secured Party having executed, delivered or performed its obligations or received a payment under, or enforced, any Loan Document) or
(ii) taxes that are directly attributable to the failure (other than as a result of a change in any Requirement of Law) by any Secured Party to deliver the documentation required to be delivered pursuant to clause (f) below.

 (b) Gross-Up. If any Taxes shall be required by law to be deducted from or in respect of any amount
payable under any Loan Document to any Secured Party (i) such amount shall be increased as necessary to ensure that, after all required deductions for Taxes are made (including deductions applicable to any increases to any amount under this
Section 2.17), such Secured Party receives the amount it would have received had no such deductions been made, (ii) the relevant Loan Party shall make such deductions, (iii) the relevant Loan Party shall timely pay the full
amount deducted to the relevant taxing authority or other authority in accordance with applicable Requirements of Law and (iv) within 30 days after such payment is made, the relevant Loan Party shall deliver to the Administrative Agent an
original or certified copy of a receipt evidencing such payment; provided, however, that no such increase shall be made with respect to, and no Loan Party shall be required to indemnify any such Secured Party pursuant to clause
(d) below for, withholding taxes to the extent that the obligation to withhold amounts existed on the date that such Secured Party became a “Secured Party” under this Agreement in the capacity under which such Secured Party makes
a claim under this clause (b), except in each case to the extent such Secured Party is a direct or indirect assignee (other than pursuant to Section 2.18 (Substitution of Lenders)) of any other Secured Party that was
entitled, at the time the assignment of such other Secured Party became effective, to receive additional amounts under this clause (b). 
  

 31 

 (c) Other Taxes. In addition, the Borrower agrees to pay, and
authorizes the Administrative Agent to pay in its name, any stamp, documentary, excise or property tax, charges or similar levies imposed by any applicable Requirement of Law or Governmental Authority and all Liabilities with respect thereto
(including by reason of any delay in payment thereof), in each case arising from the execution, delivery or registration of, or otherwise with respect to, any Loan Document or any transaction contemplated therein (collectively, “Other
Taxes”). Within 30 days after the date of any payment of Taxes or Other Taxes by any Loan Party, the Borrower shall furnish to the Administrative Agent, at its address referred to in Section 11.12, the original or a certified
copy of a receipt evidencing payment thereof. 
 (d) Indemnification. The Borrower shall reimburse and
indemnify, within 30 days after receipt of demand therefor (with copy to the Administrative Agent), each Secured Party for all Taxes and Other Taxes (including any Taxes and Other Taxes imposed by any jurisdiction on amounts payable under this
Section 2.17) paid by such Secured Party and any Liabilities arising therefrom or with respect thereto, whether or not such Taxes or Other Taxes were correctly or legally asserted. A certificate of the Secured Party (or of the
Administrative Agent on behalf of such Secured Party) claiming any compensation under this clause (d), setting forth in reasonable detail the basis for computation of the amounts to be paid thereunder and delivered to the Borrower with copy
to the Administrative Agent, shall be conclusive, binding and final for all purposes, absent manifest error. In determining such amount, the Administrative Agent and such Secured Party may use any reasonable averaging and attribution methods.

 (e) Mitigation. Any Lender claiming any additional amounts payable pursuant to this
Section 2.17 shall use its reasonable efforts (consistent with its internal policies and Requirements of Law) to change the jurisdiction of its lending office if such a change would materially reduce any such additional amounts (or any
similar amount that may thereafter accrue) and would not, in the sole determination of such Lender, be otherwise disadvantageous to such Lender. 
  

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 (f) Tax Forms. (i) Each Non-U.S. Lender Party that, at any of
the following times, is entitled to an exemption from United States withholding tax or, after a change in any Requirement of Law, is subject to such withholding tax at a reduced rate under an applicable tax treaty, shall (w) on or prior to the
date such Non-U.S. Lender Party becomes a “Non-U.S. Lender Party” hereunder, (x) on or prior to the date on which any such form or certification expires or becomes obsolete, (y) after the occurrence of any event requiring a
change in the most recent form or certification previously delivered by it pursuant to this clause (f) and (z) from time to time if requested by the Borrower or the Administrative Agent (or, in the case of a participant or SPV, the
relevant Lender), provide the Administrative Agent and the Borrower (or, in the case of a participant or SPV, the relevant Lender) with two completed originals of each of the following, as applicable: (A) Forms W-8ECI (claiming exemption from
U.S. withholding tax because the income is effectively connected with a U.S. trade or business), W-8BEN (claiming exemption from, or a reduction of, U.S. withholding tax under an income tax treaty) or any successor forms, (B) in the case of a
Non-U.S. Lender Party claiming exemption under Sections 871(h) or 881(c) of the Code, Form W-8BEN (claiming exemption from U.S. withholding tax under the portfolio interest exemption) or any successor form and a certificate in form and substance
acceptable to the Administrative Agent that such Non-U.S. Lender Party is not (1) a “bank” within the meaning of Section 881(c)(3)(A) of the Code, (2) a “10 percent shareholder” of the Borrower within the meaning of
Section 881(c)(3)(B) of the Code or (3) a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code or (C) any other applicable document prescribed by the IRS certifying as to the entitlement of such
Non-U.S. Lender Party to such exemption from United States withholding tax or reduced rate with respect to all payments to be made to such Non-U.S. Lender Party under the Loan Documents. Unless the Borrower and the Administrative Agent have received
forms or other documents satisfactory to them indicating that payments under any Loan Document to or for a Non-U.S. Lender Party are not subject to United States withholding tax or are subject to such tax at a rate reduced by an applicable tax
treaty, the Loan Parties and the Administrative Agent shall withhold amounts required to be withheld by applicable Requirements of Law from such payments at the applicable statutory rate. 

(ii) Each U.S. Lender Party shall (A) on or prior to the date such U.S. Lender Party becomes a “U.S. Lender Party”
hereunder, (B) on or prior to the date on which any such form or certification expires or becomes obsolete, (C) after the occurrence of any event requiring a change in the most recent form or certification previously delivered by it
pursuant to this clause (f) and (D) from time to time if requested by the Borrower or the Administrative Agent (or, in the case of a participant or SPV, the relevant Lender), provide the Administrative Agent and the Borrower (or, in
the case of a participant or SPV, the relevant Lender) with two completed originals of Form W-9 (certifying that such U.S. Lender Party is entitled to an exemption from U.S. backup withholding tax) or any successor form. 

(iii) Each Lender having sold a participation in any of its Obligations or identified an SPV as such to the Administrative Agent shall
collect from such participant or SPV the documents described in this clause (f) and provide them to the Administrative Agent. 

Section 2.18 Substitution of Lenders. (a) Substitution Right. In the event that any Lender that is not an
Affiliate of the Administrative Agent (an “Affected Lender”), (i) makes a claim for payment pursuant to Section 2.17(b) (Taxes), (ii) becomes a Non-Funding Lender or (iii) does not consent to any
amendment, waiver or consent to any Loan Document for which the consent of the Required Lenders is obtained but that requires the consent of other Lenders, the Borrower may either pay in full such Affected Lender the Obligations owed to such
Affected Lender with the consent of the Administrative Agent or substitute for such Affected Lender any Lender or any Affiliate or Approved Fund of any Lender or any other Person acceptable (which acceptance shall not be unreasonably withheld or
delayed) to the Administrative Agent (in each case, a “Substitute Lender”). 
  

 33 

 (b) Procedure. To substitute such Affected Lender or pay in full the
Obligations owed to such Affected Lender, the Borrower shall deliver a notice to the Administrative Agent and such Affected Lender. The effectiveness of such payment or substitution shall be subject to the delivery to the Administrative Agent by the
Borrower (or, as may be applicable in the case of a substitution, by the Substitute Lender) of (i) payment for the account of such Affected Lender, of, to the extent accrued through, and outstanding on, the effective date for such payment or
substitution, all Obligations owing to such Affected Lender, (ii) in the case of a payment in full of the Obligations owing to such Affected Lender, payment of any amount that, after giving effect to the termination of the Commitment of such
Affected Lender, is required to be paid pursuant to Section 2.8(d) (Excess Outstandings) and (iii) in the case of a substitution, (A) payment of the assignment fee set forth in Section 11.2(c) and (B) an
assumption agreement in form and substance satisfactory to the Administrative Agent whereby the Substitute Lender shall, among other things, agree to be bound by the terms of the Loan Documents and assume the Commitment of the Affected Lender.

 (c) Effectiveness. Upon satisfaction of the conditions set forth in clause (b) above, the
Administrative Agent shall record such substitution or payment in the Register, whereupon (i) in the case of any payment in full, such Affected Lender’s Commitments shall be terminated and (ii) in the case of any substitution,
(A) the Affected Lender shall sell and be relieved of, and the Substitute Lender shall purchase and assume, all rights and claims of such Affected Lender under the Loan Documents, except that the Affected Lender shall retain such rights
expressly providing that they survive the repayment of the Obligations and the termination of the Commitments, (B) the Substitute Lender shall become a “Lender” hereunder having a Commitment in the amount of such Affected
Lender’s Commitment and (C) the Affected Lender shall execute and deliver to the Administrative Agent an Assignment to evidence such substitution and deliver any Note in its possession; provided, however, that the failure of
any Affected Lender to execute any such Assignment or deliver any such Note shall not render such sale and purchase (or the corresponding assignment) invalid. 

ARTICLE III 

CONDITIONS TO LOANS 

Section 3.1 Conditions Precedent to Effectiveness. This Agreement, including the obligation of each Lender to make any
Loan on the Closing Date, is subject to the satisfaction or due waiver of each of the following conditions precedent: 

(a) Certain Documents. The Administrative Agent shall have received on or prior to the Closing Date each of the
following, each dated the Closing Date unless otherwise agreed by the Administrative Agent, in form and substance satisfactory to the Administrative Agent and each Lender: 

(i) this Agreement duly executed by Holdings and the Borrower and, for the account of each Lender having requested the
same by notice to the Administrative Agent and the Borrower, Notes conforming to the requirements set forth in Section 2.14(e); 

(ii) the Guaranty and Security Agreement, duly executed by the Borrower and each Guarantor, together with (A) copies
of UCC, Intellectual Property and other appropriate search reports and of all effective prior filings listed therein, together with evidence of the termination of such prior filings and other documents with respect to the priority of the security
interest of the Administrative Agent in the Collateral, in each case as may be reasonably requested by the Administrative Agent (excluding, for the avoidance of doubt, termination of the liens securing the Pre-Petition Obligations), (B) all
documents representing all Securities being pledged pursuant to such Guaranty and Security Agreement and related undated powers or endorsements duly executed in blank and (C) all Control Agreements that, in the reasonable judgment of the
Administrative Agent, are required for the Loan Parties to comply with the Loan Documents as of the Closing Date, each duly executed by, in addition to the applicable Loan Party, the applicable financial institution; 

 

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 (iii) duly executed favorable opinions of counsel to the Loan Parties, each
addressed to the Administrative Agent and the Lenders and addressing such customary bankruptcy matters as the Administrative Agent may reasonably request; 

(iv) a copy of each Constituent Document of each Loan Party that is on file with any Governmental Authority in any
jurisdiction, certified as of a recent date by such Governmental Authority, together with, if applicable, certificates attesting to the good standing of such Loan Party in such jurisdiction (and, if appropriate in any such jurisdiction, related tax
certificates); 
 (v) a certificate of the secretary or other officer of each Loan Party in charge of
maintaining books and records of such Loan Party certifying as to (A) the names and signatures of each officer of such Loan Party authorized to execute and deliver any Loan Document, (B) the Constituent Documents of such Loan Party
attached to such certificate are complete and correct copies of such Constituent Documents as in effect on the date of such certification (or, for any such Constituent Document delivered pursuant to clause (v) above, that there have been
no changes from such Constituent Document so delivered) and (C) the resolutions of such Loan Party’s board of directors or other appropriate governing body approving and authorizing the execution, delivery and performance of each Loan
Document to which such Loan Party is a party; 
 (vi) a certificate of a Responsible Officer of the Borrower to
the effect that each condition set forth in Section 3.2(b) has been satisfied; 
 (vii) a business
associate agreement duly executed by each Group Member and the Administrative Agent in form and substance reasonably satisfactory to Borrower and Administrative Agent; 

(viii) insurance certificates in form and substance satisfactory to the Administrative Agent demonstrating that the
insurance policies required by Section 7.5 are in full force and effect and have all endorsements required by such Section 7.5; 

(ix) financial statements, in form and substance as set forth in Section 4.4 and otherwise reasonably
satisfactory to Administrative Agent, for Holdings for the Fiscal Month ending on or about May 31, 2010; 

(x) the Fee Letter, duly executed by the Borrower and the Administrative Agent; 

(xi) the Initial Budget, in form and substance acceptable to the Administrative Agent and the Lenders; and 

(xii) such other documents and information as any Lender through the Administrative Agent may reasonably request.

  

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 (b) Lien Priority; Automatic Perfection. The Administrative Agent
shall have received on or prior to the Closing Date, pursuant to (i) Sections 364(c)(2), (c)(3) and (d) of the Bankruptcy Code, (ii) the Loan Documents and (iii) entry of the Interim Order, a fully perfected, first priority
security interest in the Collateral, which security interest shall be continuing, valid, binding, enforceable, non-avoidable and automatically perfected. 

(c) Restructuring Support Agreement. The Restructuring Support Agreement shall be in full force and effect, and no
defaults shall exist thereunder. 
 (d) Fee and Expenses. There shall have been paid to the
Administrative Agent, for the account of the Administrative Agent, its Related Persons, any Lender, as the case may be, all fees and all reimbursements of costs or expenses, in each case due and payable under any Loan Document on or before the
Closing Date. 
 (e) Interim Order and Other Bankruptcy Court Filings. The Administrative Agent shall
have received a certified copy of the signed Interim Order, and the Interim Order shall be in full force and effect and shall not have been vacated, reversed, modified, amended or stayed without the written consent of the Administrative Agent and
the Lenders and, if the Interim Order is the subject of a pending appeal in any respect, neither the making of the Loans nor the performance by the Loan Parties of their respective obligations under the Loan Documents shall be the subject of a
presently effective stay pending appeal and requiring that challenges to the Pre-Petition Obligations must be filed no later than the earliest of (i) 60 days after entry of the Interim Order, (ii) 45 days after the formation of a Committee
and (iii) three days prior to the date of the hearing to approve the 363 Sale, or will be deemed forever barred and the Debtors’ stipulations and releases related to the Pre-Petition Obligations shall be binding on all parties in interest.

 Notwithstanding the foregoing, all orders entered by the Bankruptcy Court pertaining to cash management and adequate
protection shall, and all other motions and pleadings filed or to be filed with, and submitted to, the Bankruptcy Court in connection therewith or otherwise to be filed on the Petition Date, including the Sale Order and the motion and order seeking
approval of the Bidding Procedures, shall be in form and substance satisfactory to the Administrative Agent and the Required Lenders in their sole discretion; provided that the Interim Order shall include provisions, in form and substance
satisfactory to Administrative Agent and the Required Lenders, with respect to, among other things, (i) permission for the use of cash and other collateral of the holders of the Pre-Petition Obligations, (ii) the adequate protection
afforded to holders of such Pre-Petition Obligations, (iii) waivers of the “equities of the case” cutoff under Section 552(b) of the Bankruptcy Code and (iv) subject to entry of the Final Order, waivers of any surcharge to
the collateral securing the Obligations or the Pre-Petition Obligations under Section 506(c) of the Bankruptcy Code. 

(f) Collateral. In order to create in favor of the Collateral Agent, for the benefit of Secured Parties, a valid,
perfected first priority security interest in the Collateral, subject to the terms of the Interim Order, each Loan Party shall have delivered to the Administrative Agent evidence that each Loan Party shall have taken or caused to be taken any other
action, executed and delivered or caused to be executed and delivered any other agreement, document and instrument and made or caused to be made any other filing and recording reasonably required by the Administrative Agent and Lenders. 

 

 36 

 (g) Consents. The Administrative Agent shall have received
satisfactory evidence that each Group Member shall have received, after giving effect to the Interim Order, all consents and authorizations required pursuant to any material Contractual Obligation with any other Person and shall have obtained all
Permits of, and effected all notices to and filings with, any Governmental Authority, in each case, as may be necessary in connection with the consummation of the transactions contemplated in any Loan Document. 

(h) Litigation. Except as otherwise acceptable to the Administrative Agent and Required Lenders, no litigation
shall have commenced which challenges the Obligations or the Pre-Petition Secured Obligations. 
 (i) No
Material Adverse Effect. Except as otherwise acceptable to the Administrative Agent and Required Lenders, no event shall have occurred that could reasonably be expected to have a Material Adverse Effect. 

(j) Payment of Fees. The Borrower shall have paid the fees required to be paid on the Closing Date in the
respective amounts specified in Section 1.9 (including the fees specified in the Fee Letter), and shall have reimbursed the Administrative Agent for all fees, costs and expenses then due and payable. 

(k) Bank Regulatory Information. The Lenders shall have received at least 10 days prior to the Closing Date all
documentation and other information required by bank regulatory authorities under applicable “know-your-customer” and anti-money laundering rules and regulations, including the PATRIOT Act. 

Section 3.2 Conditions Precedent to Each Loan. The obligation of each Lender on any date (including the Closing Date)
to make any Loan is subject to the satisfaction of each of the following conditions precedent: 
 (a)
Request. The Administrative Agent shall have received, to the extent required by Article II, a written, timely and duly executed and completed Notice of Borrowing. 

(b) Representations and Warranties; No Defaults. The following statements shall be true on such date, both before
and after giving effect to such Loan: (i) the representations and warranties set forth in any Loan Document shall be true and correct (A) if such date is the Closing Date, on and as of such date or, to the extent such representations and
warranties expressly relate to an earlier date, on and as of such earlier date and (B) otherwise, in all material respects on and as of such date or, to the extent such representations and warranties expressly relate to an earlier date, on and
as of such earlier date, except for such changes as are expressly permitted by the terms of this Agreement and (ii) no continuing default or continuing Event of Default shall exist after giving pro forma effect to the making of such Loan.

 (c) Effectiveness of the Interim Order or Final Order. The Interim Order or the Final Order, as the
case may be, shall be in full force and effect and shall not have been reversed, modified, stayed or amended unless such reversal, modification, stay or amendment is acceptable to the Administrative Agent and the Required Lenders. 

 

 37 

 (d) Additional Matters. The Administrative Agent shall have received
a Notice of Borrowing and such additional documents and information as any Lender, through the Administrative Agent, may reasonably request. 

The representations and warranties set forth in any Notice of Borrowing (or any certificate delivered in connection therewith) shall be deemed to be made
again on and as of the date of the relevant Loan and the acceptance of the proceeds thereof. 
 Section 3.3
Determinations of Initial Borrowing Conditions. For purposes of determining compliance with the conditions specified in Section 3.1, each Lender shall be deemed to be satisfied with each document and each other matter required to
be satisfactory to such Lender unless, prior to the Closing Date, the Administrative Agent receives notice from such Lender specifying such Lender’s objections and such Lender has not made available its Pro Rata Share of any Borrowing scheduled
to be made on the Closing Date. 
 ARTICLE IV 

REPRESENTATIONS AND WARRANTIES 

To induce the Lenders and the Administrative Agent to enter into the Loan Documents, each of Holdings and the Borrower (and, to the
extent set forth in any other Loan Document, each other Loan Party) represents and warrants to each of them each of the following on and as of each date applicable pursuant to Section 3.2: 

Section 4.1 Corporate Existence; Compliance with Law. Upon entry of the Interim Order or the Final Order, as
applicable, each Group Member (a) is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization, (b) is duly qualified to do business as a foreign entity and in good standing under the laws
of each jurisdiction where such qualification is necessary, except where the failure to be so qualified or in good standing would not, in the aggregate, have a Material Adverse Effect, (c) has all requisite power and authority and the legal
right to own, pledge, mortgage and operate its property, to lease or sublease any property it operates under lease or sublease and to conduct its business as now or currently proposed to be conducted, (d) is in compliance with its Constituent
Documents, (e) is in compliance with all applicable Requirements of Law except where the failure to be in compliance would not have a Material Adverse Effect and (f) has all necessary Permits from or by, has made all necessary filings
with, and has given all necessary notices to, each Governmental Authority having jurisdiction, to the extent required for such ownership, lease, sublease, operation, occupation or conduct of business, except where the failure to obtain such Permits,
make such filings or give such notices would not, in the aggregate, have a Material Adverse Effect. 
 Section 4.2
Loan Documents. (a) Power and Authority. Upon entry of the Interim Order or the Final Order, as applicable, the execution, delivery and performance by each Loan Party of the Loan Documents and other transactions contemplated
therein (i) are within such Loan Party’s corporate or similar powers and, at the time of execution thereof, have been duly authorized by all necessary corporate and similar action (including, if applicable, consent of holders of its
Securities), (ii) do not (A) contravene such Loan Party’s Constituent Documents, (B) violate any applicable Requirement of Law, (C) conflict with, contravene, constitute a default or breach under, or result in or permit the
termination or acceleration of, any Contractual Obligation of any Loan Party or any of its Subsidiaries (including other Loan Documents) other than, in the case of this clause (C), those that would not, in the aggregate, have a Material Adverse
Effect and are not created or caused by, or a conflict, breach, default or termination or acceleration event under, any Loan Document or (D) result in the imposition of any Lien (other than a Permitted Lien) upon any property of any Loan Party
or any of its Subsidiaries and (iii) do not require any Permit of, or filing with, any Governmental Authority or any consent of, or notice to, any Person, other than (A) with respect to the Loan Documents, the filings required to perfect
the Liens created by the Loan Documents and (B) those listed on Schedule 4.2 and that have been, or will be prior to the Closing Date, obtained or made, copies of which have been, or will be prior to the Closing Date, delivered to
the Administrative Agent, and each of which on the Closing Date will be in full force and effect. 
  

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 (b) Due Execution and Delivery. Upon entry of the Interim Order or
the Final Order, as applicable, from and after its delivery to the Administrative Agent, each Loan Document has been duly executed and delivered to the other parties thereto by each Loan Party party thereto, is the legal, valid and binding
obligation of such Loan Party and is enforceable against such Loan Party in accordance with its terms. 

Section 4.3 Ownership of Group Members. Set forth on Schedule 4.3 is a complete and accurate list showing,
as of the Closing Date, for each Group Member and each Subsidiary of any Group Member and each joint venture of any of them, its jurisdiction of organization, the number of shares of each class of Stock authorized (if applicable), the number
outstanding on the Closing Date and the number and percentage of the outstanding shares of each such class owned (directly or indirectly) by the Borrower or Holdings. All outstanding Stock of each of them has been validly issued, is fully paid and
non-assessable (to the extent applicable) and, except in the case of Holdings, is owned beneficially and of record by a Group Member (or, in the case of the Borrower, by MSH) free and clear of all Liens other than the security interests created by
the Loan Documents and, in the case of joint ventures, Permitted Liens. There are no Stock Equivalents with respect to the Stock of any Group Member (other than Holdings) or any Subsidiary of any Group Member or any joint venture of any of them and,
as of the Closing Date, except as set forth on Schedule 4.3, there are no Stock Equivalents with respect to the Stock of Holdings. There are no Contractual Obligations or other understandings to which any Group Member, any Subsidiary of
any Group Member or any joint venture of any of them is a party with respect to (including any restriction on) the issuance, voting, Sale or pledge of any Stock or Stock Equivalent of any Group Member or any such Subsidiary or joint venture.

 Section 4.4 Financial Statements. (a) The financial statements which have been furnished to the
Administrative Agent from time to time, including without limitation the audited Consolidated balance sheet of Holdings for the 2009 Fiscal Year and the related Consolidated statements of income, retained earnings and cash flows for the Fiscal Year
then ended, certified by Ernst & Young, and the unaudited Consolidated balance sheet of Holdings as of the Fiscal Month ending on or about May 31, 2010 and the related Consolidated statements of income, retained earnings and cash flows
of Holdings, fairly present in all material respects the Consolidated financial position, results of operations and cash flow of Holdings as at the dates indicated and for the periods indicated in accordance with GAAP (subject, in the case of
unaudited financial statements, to the absence of footnote disclosure and normal recurring year-end audit adjustments). 

(b) (i) On the Closing Date neither Holdings nor any of its Subsidiaries has any material liability or other obligation
(including Indebtedness, Guaranty Obligations, contingent liabilities and liabilities for taxes, long-term leases and unusual forward or long-term commitments) that is not permitted by this Agreement and (ii) since the date of the audited
Financial Statements referenced in clause (a) above, there has been no Sale of any material property of Holdings and its Subsidiaries and no purchase or other acquisition of any material property. 

 

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 (c) The Initial Budget reflects projections for the 13-week period
beginning the Petition Date on a weekly basis for such period. As of the Closing Date, the Initial Budget is based upon estimates and assumptions stated therein, all of which the Borrower believes to be reasonable and fair in light of conditions and
facts known to the Borrower as of the Closing Date and reflect the good faith, reasonable and fair estimates by the Borrower of the future Consolidated financial performance of Holdings and the other information projected therein for the periods set
forth therein. 
 Section 4.5 Material Adverse Effect. Upon entry of the Interim Order or the Final Order, as
applicable, other than as disclosed in Schedule 4.5, there have been no events, circumstances, developments or other changes in facts that would, in the aggregate, have a Material Adverse Effect. In determining whether a Material Adverse
Effect has occurred, it is understood that a Material Adverse Effect may occur at any time notwithstanding the fact that at such time no Default shall have occurred and be continuing. Furthermore, other than as disclosed in Schedule 4.5, no
fact or circumstance is known to any Loan Party that, either alone or in conjunction with all other facts and circumstances, has had or reasonably could be expected in the future to have a Material Adverse Effect that has not been set forth in the
financial statements. 
 Section 4.6 [Reserved]. 

Section 4.7 Litigation. Other than the Cases, except as set forth on Schedule 4.7 hereof there are no pending
(or, to the knowledge of any Group Member, threatened) actions, investigations, suits, proceedings, audits, claims, demands, orders or disputes affecting any Group Member or its property which could reasonably be expected to adversely affect the
Obligations, the Loan Documents and the other transactions contemplated therein or have a Material Adverse Effect. There is no action, investigation, suit proceeding, audit, claim, demand, order or dispute pending (or, to the knowledge of any Group
Member, threatened) affecting any Group Member before any court or arbitrator or any Governmental Authority which questions or challenges the validity of this Agreement or any Loan Document or any transaction contemplated herein or therein.

 Section 4.8 Taxes. Upon entry of the Interim Order or the Final Order, as applicable, except as set forth
on Schedule 4.8 hereof, all federal, state, local and foreign income and franchise and other material tax returns, reports and statements (collectively, the “Tax Returns”) required to be filed by any Tax Affiliate have been
filed with the appropriate Governmental Authorities in all jurisdictions in which such Tax Returns are required to be filed, to the knowledge of each Group Member all such Tax Returns are true and correct in all material respects, and all taxes,
charges and other impositions reflected therein and any material taxes, charges or other impositions otherwise due and payable have been paid prior to the date on which any Liability may be added thereto for non-payment thereof except for those
contested in good faith by appropriate proceedings diligently conducted and for which adequate reserves are maintained on the books of the appropriate Tax Affiliate in accordance with GAAP. To the knowledge of any Group Member, except as set forth
on Schedule 4.8, no Tax Return is under audit or examination by any Governmental Authority and no notice of such an audit or examination or any assertion of any claim for Taxes has been given or made by any Governmental Authority. Proper and
accurate amounts have been withheld by each Tax Affiliate from their respective employees for all periods in full and complete compliance with the tax, social security and unemployment withholding provisions of applicable Requirements of Law and
such withholdings have been timely paid to the respective Governmental Authorities. No Tax Affiliate has participated in a “reportable transaction” within the meaning of Treasury Regulation Section 1.6011-4(b) or has been a member of
an affiliated, combined or unitary group other than the group of which a Tax Affiliate is the common parent. Except as set forth on Schedule 4.8, no Tax Affiliate is aware of any individual proposed tax assessment against it or against any
other Tax Affiliate in an amount greater than $25,000. 
  

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 Section 4.9 Margin Regulations. The Borrower is not engaged in the
business of extending credit for the purpose of, and no proceeds of any Loan or other extensions of credit hereunder will be used for the purpose of, buying or carrying margin stock (within the meaning of Regulation U of the Federal Reserve Board)
or extending credit to others for the purpose of purchasing or carrying any such margin stock, in each case in contravention of Regulation T, U or X of the Federal Reserve Board. 

Section 4.10 No Burdensome Obligations; No Material Post-Petition Defaults. No Group Member is a party to any
Contractual Obligation, no Group Member has Constituent Documents containing obligations, and, to the knowledge of any Group Member, there are no applicable Requirements of Law, in each case the compliance with which would have, in the aggregate, a
Material Adverse Effect. No Group Member (and, to the knowledge of each Group Member, no other party thereto) is in default under or with respect to any Contractual Obligation of any Group Member, other than those defaults that (a) would not,
in the aggregate, have a Material Adverse Effect, (b) existed on the Petition Date as set forth on Schedule 4.10, (c) were occasioned by the filing of the Cases or (d) resulted from obligations with respect to which the
Bankruptcy Code prohibits any Group Member from complying or permits any Group Member not to comply. 
 Section 4.11
Investment Company Act. No Group Member is an “investment company” or an “affiliated person” of, or “promoter” or “principal underwriter” for, an “investment company”, as such terms are
defined in the Investment Company Act of 1940. 
 Section 4.12 Labor Matters. There are no strikes, work
stoppages, slowdowns or lockouts existing, pending (or, to the knowledge of any Group Member, threatened) against or involving any Group Member, except, for those that would not, in the aggregate, have a Material Adverse Effect. Except as set forth
on Schedule 4.12, as of the Closing Date, (a) there is no collective bargaining or similar agreement with any union, labor organization, works council or similar representative covering any employee of any Group Member, (b) no
petition for certification or election of any such representative is existing or pending with respect to any employee of any Group Member and (c) no such representative has sought certification or recognition with respect to any employee of any
Group Member. 
 Section 4.13 ERISA. Schedule 4.13 sets forth, as of the Closing Date, a complete
and correct list of, and that separately identifies, (a) all Title IV Plans, (b) all Multiemployer Plans and (c) all material Benefit Plans sponsored, maintained or contributed to by, or required to be contributed to by, any Group
Member or with respect to which any Group Member has or could reasonably be expected to have liability, contingent or otherwise, under ERISA. To the knowledge of each Group Member, each Benefit Plan, and each trust thereunder, intended to qualify
for tax exempt status under Section 401 or 501 of the Code or other Requirements of Law so qualifies. Except for those that would not, in the aggregate, have a Material Adverse Effect, (x) each Benefit Plan is in compliance with applicable
provisions of ERISA, the Code and other Requirements of Law, (y) there are no existing or pending (or to the knowledge of any Group Member, threatened) claims (other than routine claims for benefits in the normal course), sanctions, actions,
lawsuits or other proceedings or investigations involving any Benefit Plan to which any Group Member incurs or otherwise has or could have an obligation or any Liability and (z) no ERISA Event is reasonably expected to occur. On the Closing
Date, no ERISA Event has occurred in connection with which obligations and liabilities (contingent or otherwise) remain outstanding. No ERISA Affiliate would have any Withdrawal Liability as a result of a complete withdrawal from any Multiemployer
Plan on the date this representation is made. 
  

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 Section 4.14 Environmental Matters. To the knowledge of Holdings and the
Borrower, except as set forth on Schedule 4.14, (a) the operations of each Group Member are and have been in compliance with all applicable Environmental Laws, including obtaining, maintaining and complying with all Permits required
by any applicable Environmental Law, other than non-compliances that, in the aggregate, would not have a reasonable likelihood of resulting in Material Environmental Liabilities, (b) no Group Member is party to, and no Group Member and no real
property currently (or to the knowledge of any Group Member previously) owned, leased, subleased, operated or otherwise occupied by or for any Group Member is subject to or the subject of, any Contractual Obligation or any pending (or, to the
knowledge of any Group Member, threatened) order, action, investigation, suit, proceeding, audit, claim, demand, dispute or notice of violation or of potential liability or similar notice under or pursuant to any Environmental Law other than those
that, in the aggregate, are not reasonably likely to result in Material Environmental Liabilities, (c) no Lien in favor of any Governmental Authority securing, in whole or in part, Environmental Liabilities has attached to any property of any
Group Member and, to the knowledge of any Group Member, no facts, circumstances or conditions exist that could reasonably be expected to result in any such Lien attaching to any such property, (d) no Group Member has caused or suffered to occur
a Release of Hazardous Materials at, to or from any real property of any Group Member and each such real property is free of contamination by any Hazardous Materials except for such Release or contamination that could not reasonably be expected to
result, in the aggregate, in Material Environmental Liabilities, (e) no Group Member (i) is or has been engaged in, or has permitted any current or former tenant to engage in, operations, or (ii) knows of any facts, circumstances or
conditions, including receipt of any information request or notice of potential responsibility under CERCLA or similar Environmental Laws, that, in the aggregate, would have a reasonable likelihood of resulting in Material Environmental Liabilities
and (f) each Group Member has made available to the Administrative Agent copies of all existing environmental reports, reviews and audits and all documents pertaining to actual or potential Environmental Liabilities, in each case to the extent
such reports, reviews, audits and documents are in their possession, custody or control. 
 Section 4.15
Intellectual Property. Each Group Member owns or licenses all Intellectual Property that is necessary for the operations of its businesses. To the knowledge of each Group Member, (a) the conduct and operations of the businesses of each
Group Member does not infringe, misappropriate, dilute, violate or otherwise impair any Intellectual Property owned by any other Person and (b) no other Person has contested any right, title or interest of any Group Member in, or relating to,
any Intellectual Property, other than, in each case, as cannot reasonably be expected to materially affect the Loan Documents and the transactions contemplated therein and would not, in the aggregate, have a Material Adverse Effect. In addition,
(x) there are no pending (or, to the knowledge of any Group Member, threatened) actions, investigations, suits, proceedings, audits, claims, demands, orders or disputes affecting any Group Member with respect to, (y) no judgment or order
regarding any such claim has been rendered by any competent Governmental Authority, no settlement agreement or similar Contractual Obligation has been entered into by any Group Member, with respect to and (z) no Group Member knows or has any
reason to know of any valid basis for any claim based on, any such infringement, misappropriation, dilution, violation or impairment or contest, other than, in each case, as cannot reasonably be expected to affect the Loan Documents and the
transactions contemplated therein and would not, in the aggregate, have a Material Adverse Effect. 
  

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 Section 4.16 Title; Real Property. (a) Each Group Member has good
and marketable fee simple title to all owned real property and valid leasehold interests in all leased real property, and owns all personal property, in each case that is purported to be owned or leased by it, including those reflected on the most
recent Financial Statements delivered by the Borrower, and none of such property is subject to any Lien except Permitted Liens. 

(b) Set forth on Schedule 4.16 is, as of the Closing Date, (i) a complete and accurate list of all real
property owned in fee simple by any Group Member or in which any Group Member owns a leasehold interest setting forth, for each such real property, the current street address (including, where applicable, county, state and other relevant
jurisdictions), the record owner thereof and, where applicable, each lessee and sublessee thereof, (ii) any lease, sublease, license or sublicense of such real property by any Group Member and (iii) for each such real property that the
Administrative Agent has requested be subject to a Mortgage or that is otherwise material to the business of any Group Member, each Contractual Obligation by any Group Member, whether contingent or otherwise, to Sell such real property. 

Section 4.17 Full Disclosure. The information prepared or furnished by or on behalf of any Group Member in connection
with any Loan Document (including the information contained in any Financial Statement or Disclosure Document) or any other transaction contemplated therein, does not contain any untrue statement of a material fact or omit to state a material fact
necessary to make the statements contained therein, in light of the circumstances when made, not misleading; provided, however, that projections contained therein are not to be viewed as factual and that actual results during the
periods covered thereby may differ from the results set forth in such projections by a material amount. All projections that are part of such information (including those set forth in any Budget delivered subsequent to the Closing Date) are based
upon good faith estimates and stated assumptions believed to be reasonable and fair as of the date made in light of conditions and facts then known and, as of such date, reflect good faith, reasonable and fair estimates of the information projected
for the periods set forth therein. All facts known to any Group Member and material to an understanding of the financial condition, business, property or prospects of the Group Member taken as one enterprise have been disclosed to the Lenders.

 Section 4.18 Bankruptcy Representations. On and after the Petition Date and until the Termination Date:

 (a) Commencement of the Cases. The Cases were commenced in accordance with applicable Law and proper
notice thereof and of the hearings for the approval of any Bankruptcy Court Order will be given. The Borrower has given, on a timely basis as specified in the Interim Order or the Final Order, as applicable, all notices required to be given to all
parties specified in such Bankruptcy Court Order. 
  

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 (b) Creation of Security Interest; Valid Liens. The provisions of
the Loan Documents and the Bankruptcy Court Orders (i) are effective to create in favor of the Agent, for the benefit of the Secured Parties, legal valid and perfected first priority Liens on and security interests in all rights, title and
interests in the Collateral subject only to the Carve-Out and the Pre-Petition Senior Permitted Encumbrances and (ii) are enforceable against the Loan Parties. 

(c) Obligations as Administrative Superpriority Expense Claims. Pursuant to clause (c)(1) of section 364 of the
Bankruptcy Code and the Interim Order or the Final Order, as applicable, all Obligations hereunder and all other obligations of the Loan Parties under the Loan Documents (i) constitute allowed super-priority administrative expense claims in the
Cases having priority over all administrative expense claims and unsecured claims of any kind whatsoever against the Loan Parties, whether now existing or hereafter arising, including all administrative expense claims of the kind specified in
Sections 105, 326, 328, 330, 331, 503(b), 506(c), 507(a), 507(b), 546(c), 726, 1114 or any other provision of the Bankruptcy Code or otherwise under section 364(c)(1) of the Bankruptcy Code, (ii) are senior to the rights of the Loan Parties and
any successor trustee or estate representative in the Cases or any subsequent proceeding or case under the Bankruptcy Code and (iii) are subject as to priority only to the Carve-Out and the Pre-Petition Senior Permitted Encumbrances, and shall
not attach to or be payable from Avoidance Actions or Avoidance Action Proceeds. 
 (d) Effectives of
Bankruptcy Court Order. The Interim Order or the Final Order, as applicable, (i) is in full force and effect and (ii) has not been reversed, modified, stayed or amended, other than reversals, modifications, stays or amendments as are
requested by the Administrative Agent and the Required Lenders, each in their respective reasonable discretion, and approved of by the Bankruptcy Court. 

Section 4.19 Use of Proceeds. The proceeds of the Loans have been used solely in accordance with Section 7.9.

 Section 4.20 PATRIOT Act. No Group Member (and, to the knowledge of each Group Member, no joint venture or
subsidiary thereof) is in violation in any material respects of any United States Requirements of Law relating to terrorism, sanctions or money laundering (the “Anti-Terrorism Laws”), including the United States Executive Order
No. 13224 on Terrorist Financing (the “Anti-Terrorism Order”) and the PATRIOT Act. 
 ARTICLE V 

FINANCIAL COVENANT 

Each of Holdings and the Borrower (and, to the extent set forth in any other Loan Document, each other Loan Party) agrees with the
Lenders and the Administrative Agent to the following, as long as any Obligation or any Commitment remains outstanding: 

Section 5.1 Budget Covenants. Holdings and the Borrower shall not breach or fail to comply with any of the following:

 (a) Cumulative Disbursement Covenant. The aggregate cumulative disbursements (excluding disbursements
for subcontractor payments, debt service and professional fees) by the Loan Parties for any four-week period set forth in the Budget (which period, for the avoidance of doubt, shall include weeks prior to the Closing Date, as applicable) shall not
be equal to an amount that is greater than 110% of the aggregate cumulative amount budgeted for such cumulative time period pursuant to the Budget. 
  

 44 

 (b) Minimum Collections Covenant. The aggregate cumulative
collections (excluding subcontractor collections) by the Loan Parties for any four-week period set forth in the Budget (which period, for the avoidance of doubt, shall include weeks prior to the Closing Date, as applicable) shall not be equal to an
amount that is less than 90% of the aggregate cumulative amount budgeted for such cumulative time period pursuant to the Budget. 

(c) Covenant Test. Each of the covenants set forth above shall be tested on the Tuesday of each week during the
term of the Facility for the one- or four-week period, as applicable, ending on the Sunday immediately prior to such test date. 

ARTICLE VI 

REPORTING COVENANTS 

Each of Holdings and the Borrower (and, to the extent set forth in any other Loan Document, each other Loan Party) agrees with the
Lenders and the Administrative Agent to each of the following, as long as any Obligation or any Commitment remains outstanding: 

Section 6.1 Financial Reporting; Bankruptcy Court Filings. The Borrower shall deliver to the Administrative Agent, for
delivery to each Lender, each of the following: 
 (a) Monthly Reports. As soon as available, and in any
event within (i) 45 days after the end of each June and September and (ii) 30 days after the end of all other Fiscal Months, in each case certified by a Responsible Officer of the Borrower as fairly presenting in all material respects the
Consolidated financial position, results of operations and cash flow of Holdings as at the dates indicated and for the periods indicated (A) in accordance with GAAP (subject to the absence of footnote disclosure and normal year-end audit
adjustments), the Consolidated unaudited balance sheet of Holdings as of the close of such Fiscal Month and related Consolidated statements of income and cash flow for such Fiscal Month and for that portion of the Fiscal Year ending as of the close
of such Fiscal Month, setting forth in comparative form the figures for the corresponding period in the prior Fiscal Year and the figures contained in the Closing Date Projections and (B) operating metrics as of the close of such Fiscal Month,
all in form and substance satisfactory to the Administrative Agent (the “Monthly Financial Statements”). 

(b) Weekly Reports. (i) On each Thursday following the Closing Date commencing with the second Thursday to
occur after the Closing Date, a Weekly Flash Report and (ii) on each Wednesday following the Closing Date, commencing with the second Wednesday to occur after the Closing Date, a Weekly Hours Report. 

 

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 (c) Budget. On each Tuesday following the Closing Date, commencing
with the second Tuesday to occur after the Closing Date, (i) a Cash Flow Forecast, and (ii) a proposed Budget for the immediately succeeding thirteen-week period (the “Proposed Budget”), in a form satisfactory to the
Administrative Agent and the Required Lenders. The Administrative Agent, at the direction of the Required Lenders, shall have two (2) days following receipt of each Proposed Budget to approve or reject such Proposed Budget upon written notice
to the Borrower; provided that any portion of a Proposed Budget that relates to periods covered by a previously approved Proposed Budget shall automatically be deemed approved to the extent that no changes have been made to the Proposed
Budget for such periods. Upon receipt of a notice of rejection, the Borrower shall, within 24 hours of receipt of such notice, engage in good faith negotiations with the Lenders in order to develop a Proposed Budget that is reasonably acceptable to
the Required Lenders (such revised Proposed Budget to be submitted within two (2) Business Days of the Borrower’s receipt of a notice of rejection). If no rejection shall have been delivered within the two-day period following delivery of
a Proposed Budget, such Proposed Budget shall be deemed approved and shall constitute a supplement to the Initial Budget; provided, further, that, for the avoidance of doubt, the Borrower and the Required Lenders may mutually agree to
modify line items in a Proposed Budget for weeks that have been previously approved by the Required Lenders. 

(d) Variance Report. On each Tuesday following the Closing Date, commencing with the second Tuesday to occur after
the Closing Date, a Variance Report. 
 (e) Management Discussion and Analysis; Lender Call. Together
with each delivery of the financial statements for each Fiscal Month required by clause (a) above, a discussion and analysis of the financial condition and results of operations of the Group Members for the portion of the Fiscal Year
then elapsed and discussing the reasons for any significant variations from the Budget for such period and the figures for the corresponding period in the previous Fiscal Year; provided that no discussion and analysis shall be required to be
delivered with respect to the financial statements for any Fiscal Month if the Borrower, Holdings, their officers and advisors shall make themselves available to participate in a meeting with the Administrative Agent, the Lenders and
Alvarez & Marsal Holdings, LLC on the date of delivery of such financial statements in accordance with Section 6.1(a). 

(f) Bankruptcy Court Filings. As soon as practicable in advance of filing with the Bankruptcy Court, (a) the
motion seeking approval of and proposed forms of the Interim Order and the Final Order, (b) the motions seeking approval of the Bidding Procedures and the 363 Sale, and proposed forms of the orders related thereto, (c) all other proposed
orders and pleadings related to the Facility, (d) any plan of reorganization or liquidation, and/or any disclosure statement related to such plan, (e) any motion and proposed form of order seeking to extend or otherwise modify the
Debtors’ exclusive periods set forth in section 1121 of the Bankruptcy Code and (f) any motion and proposed form of order filed with the Bankruptcy Court relating to any management equity plan, incentive plan or severance plan, the
assumption, rejection, modification or amendment of any employment agreement, or the assumption, rejection, modification or amendment of any material contract (each of which must be in form and substance satisfactory to the Administrative Agent).

  

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 Section 6.2 Other Events. The Borrower shall give the Administrative
Agent, for delivery to each Lender, notice of each of the following (which may be made by telephone if promptly confirmed in writing) within five (5) days after any Responsible Officer of any Group Member knows or has reason to know of it:
(a)(i) any Default and any default or unmatured default under any other Contractual Obligation and (ii) any event that would have a Material Adverse Effect, specifying, in each case, the nature and anticipated effect thereof and any action
proposed to be taken in connection therewith, (b) any event (other than any event involving loss or damage to property) reasonably expected to result in a mandatory payment of the Obligations pursuant to Section 2.8, stating the
material terms and conditions of such transaction and estimating the Net Cash Proceeds thereof, (c) the commencement of, or any material developments in, any action, investigation, suit, proceeding, audit, claim, demand, order or dispute with,
by or before any Governmental Authority affecting any Group Member or any property of any Group Member that (i) seeks to enjoin any Group Member, (ii) in the reasonable judgment of the Borrower, exposes any Group Member to liability in an
aggregate amount in excess of $1,000,000 or (iii) would be reasonably likely to have a Material Adverse Effect, (d) the acquisition of any material real property or the entering into any material lease and (e) any event, occurrence or
circumstance in which a material portion of the Collateral is damaged, destroyed or otherwise impaired or adversely affected. 

Section 6.3 Copies of Notices and Reports. The Borrower shall promptly deliver to the Administrative Agent, for
delivery to each Lender, copies of each of the following: (a) all reports that Holdings transmits to its security holders generally, (b) all documents that any Group Member files with the Securities and Exchange Commission, the National
Association of Securities Dealers, Inc., any securities exchange or any Governmental Authority exercising similar functions, (c) all press releases not made available directly to the general public and (d) any material document transmitted
or received pursuant to, or in connection with, any Contractual Obligation governing Indebtedness having a principal amount of $3,000,000 or more of any Group Member. Documents required to be delivered pursuant to this Section 6.3, if
delivered electronically and notice is promptly provided to Administrative Agent, shall be deemed to be delivered on the date on which such documents are filed for public availability on the Securities and Exchange Commission’s Electronic Data
Gathering, Analysis and Retrieval (EDGAR) system. 
 Section 6.4 Taxes. The Borrower shall give the
Administrative Agent, for delivery to each Lender, notice of each of the following (which may be made by telephone if promptly confirmed in writing) within five (5) days after any Responsible Officer of any Group Member knows or has reason to
know of it: (a) the creation, or filing with the IRS or any other Governmental Authority, of any Contractual Obligation or other document extending, or having the effect of extending, the period for assessment or collection of any taxes with
respect to any Tax Affiliate and (b) the creation of any Contractual Obligation of any Tax Affiliate, or the receipt of any request directed to any Tax Affiliate, to make any adjustment under Section 481(a) of the Code, by reason of a
change in accounting method or otherwise, which would have a Material Adverse Effect. 
 Section 6.5 Labor
Matters. The Borrower shall give the Administrative Agent, for delivery to each Lender, notice of each of the following (which may be made by telephone if promptly confirmed in writing), promptly after, and in any event within 30 days after any
Responsible Officer of any Group Member knows or has reason to know of it: (a) the commencement of any material labor dispute to which any Group Member is or may become a party, including any strikes, lockouts or other disputes relating to any
of such Person’s plants and other facilities and (b) the incurrence by any Group Member of any Worker Adjustment and Retraining Notification Act or related or similar liability incurred with respect to the closing of any plant or other
facility of any such Person (other than, in the case of this clause (b), those that would not, in the aggregate, have a Material Adverse Effect). 
  

 47 

 Section 6.6 ERISA Matters. The Borrower shall give the Administrative
Agent, for delivery to each Lender, (a) on or prior to any filing by any ERISA Affiliate of any notice of intent to terminate any Title IV Plan, a copy of such notice and (b) promptly, and in any event within 10 days, after any
Responsible Officer of any ERISA Affiliate knows or has reason to know that a request for a minimum funding waiver under Section 412 of the Code has been filed with respect to any Title IV Plan or Multiemployer Plan, a notice (which may be
made by telephone if promptly confirmed in writing) describing such waiver request and any action that any ERISA Affiliate proposes to take with respect thereto, together with a copy of any notice filed with the PBGC or the IRS pertaining thereto.

 Section 6.7 Environmental Matters. (a) The Borrower shall provide the Administrative Agent, for
delivery to each Lender, notice of each of the following (which may be made by telephone if promptly confirmed by the Administrative Agent in writing) within five (5) days after any Responsible Officer of any Group Member knows or has reason to
know of it (and, upon reasonable request of the Administrative Agent, or any Lender through the Administrative Agent, documents and information in connection therewith): (i)(A) unpermitted Releases, (B) the receipt by any Group Member of
any notice of violation of or potential liability or similar notice under, or the existence of any condition that could reasonably be expected to result in violations of or liabilities under, any Environmental Law or (C) the commencement of, or
any material change to, any action, investigation, suit, proceeding, audit, claim, demand, dispute alleging a violation of or liability under any Environmental Law, that, for each of clauses (A), (B) and (C) above
(and, in the case of clause (C), if adversely determined), in the aggregate for each such clause, could reasonably be expected to result in Environmental Liabilities in excess of $500,000, (ii) the receipt by any Group Member of
notification that any property of any Group Member is subject to any Lien in favor of any Governmental Authority securing, in whole or in part, Environmental Liabilities and (iii) any proposed acquisition or lease of real property if such
acquisition or lease would have a reasonable likelihood of resulting in aggregate Environmental Liabilities in excess of $500,000. 

(b) Upon request of the Administrative Agent, or any Lender through the Administrative Agent, the Borrower shall provide
the Administrative Agent, for delivery to each Lender, a report containing an update as to the status of any environmental, health or safety compliance, hazard or liability issue identified in any document delivered to any Secured Party pursuant to
any Loan Document or as to any condition reasonably believed by the Administrative Agent to result in material Environmental Liabilities. 

Section 6.8 Other Information. The Borrower shall provide the Administrative Agent, for delivery to each Lender, with
such other documents and information with respect to the business, property, condition (financial or otherwise), legal, financial or corporate or similar affairs or operations of any Group Member as the Administrative Agent or any Lender through the
Administrative Agent may from time to time reasonably request. 
 Section 6.9 Confidential Health
Information. Notwithstanding anything in this Agreement to the contrary, the Loan Parties agree that they will not distribute or share confidential health information with the Administrative Agent or any Lender if the sharing or distribution of
such information to the Administrative Agent or such Lender would be a violation of HIPAA and the Loan Parties further agree to identify any such health information and protect the Administrative Agent and the Lenders from the receipt thereof;
provided that the Administrative Agent or any Lender shall have the right to receive confidential health information if the Administrative Agent or such Lender executes a business associate agreement in form and substance reasonably
satisfactory to the Borrower and the Administrative Agent. 
  

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 Section 6.10 Lender Meetings. Borrower and Holdings will and will cause
their officers and advisors to, upon the reasonable request of Administrative Agent or upon the reasonable request from the Required Lenders, participate in a weekly meeting with the Administrative Agent, the Lenders and Alvarez & Marsal
Holdings, LLC, to be held via telephone conference call or, if the Administrative Agent chooses in its sole discretion, at Borrower’s principal offices or (such other location as may be agreed to by Borrower and Administrative Agent).

 ARTICLE VII 

AFFIRMATIVE COVENANTS 

Each of Holdings and the Borrower (and, to the extent set forth in any other Loan Document, each other Loan Party) agrees with the
Lenders and the Administrative Agent to each of the following, as long as any Obligation or any Commitment remains outstanding: 

Section 7.1 Maintenance of Corporate Existence. Each Group Member shall (a) preserve and maintain its legal
existence, except in connection with the consummation of transactions expressly permitted by Sections 8.4 and 8.7, and (b) preserve and maintain its rights (charter and statutory), privileges, franchises and Permits necessary or
desirable in the conduct of its business, except, in the case of this clause (b), where the failure to do so would not, in the aggregate, have a Material Adverse Effect. 

Section 7.2 Compliance with Laws, Etc. Each Group Member shall comply with all applicable Requirements of Law,
Contractual Obligations and Permits, except for such failures to comply that would not, in the aggregate, have a Material Adverse Effect. 

Section 7.3 Payment of Obligations. Each Group Member shall pay or discharge before they become delinquent
(a) all material claims, taxes, assessments, charges and levies imposed by any Governmental Authority on a date following the Petition Date, (b) all other material lawful claims that if unpaid would, by the operation of applicable
Requirements of Law, become a Lien upon any property of any Group Member, except, in each case, for those whose amount or validity is being contested in good faith by proper proceedings diligently conducted and for which adequate reserves are
maintained on the books of the appropriate Group Member in accordance with GAAP and (c) all obligations set forth for payment on the Budget in effect from time-to-time. 

Section 7.4 Maintenance of Property. Each Group Member shall maintain and preserve (a) in good working order and
condition all of its property necessary in the conduct of its business and (b) all rights, permits, licenses, approvals and privileges (including all Permits) necessary, used or useful, whether because of its ownership, lease, sublease or other
operation or occupation of property or other conduct of its business, and shall make all necessary or appropriate filings with, and give all required notices to, Governmental Authorities, except for such failures to maintain and preserve the items
or to make such filings and give such notices set forth in clauses (a) and (b) above that would not, in the aggregate, have a Material Adverse Effect. 

 

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 Section 7.5 Maintenance of Insurance. Each Group Member shall
(a) maintain or cause to be maintained in full force and effect policies of insurance of such kind with respect to the property and businesses of the Group Members (including policies of life, fire, theft, product liability, public liability,
property damage, other casualty, employee fidelity, workers’ compensation, business interruption and employee health and welfare insurance) with financially sound and reputable insurance companies or associations (in each case that are not
Affiliates of the Borrower) of a nature and providing such coverage as is customarily carried by businesses of the size and character of the business of the Group Members and (b) cause all such insurance relating to any property or business of
any Loan Party to name the Administrative Agent on behalf of the Secured Parties as additional insured or loss payee, as appropriate, and to provide that no cancellation, material addition in amount or material change in coverage shall be effective
until after 30 days’ notice thereof to the Administrative Agent. 
 Section 7.6 Keeping of Books. The
Group Members shall keep proper books of record and account, in which full, true and correct entries shall be made in accordance with GAAP and all other applicable Requirements of Law of all financial transactions and the assets and business of each
Group Member. 
 Section 7.7 Access to Books and Property; Inspections. Each Group Member shall permit
(a) so long as no Default or Event of Default then exists, the Administrative Agent and any Related Person of the Administrative Agent and (b) during the continuance of a Default or Event of Default, the Administrative Agent, the Lenders,
or any Related Person of any of them, at any reasonable time during normal business hours and with reasonable advance notice (except that, during the continuance of an Event of Default, no such notice shall be required) to (a) visit and inspect
the property of each Group Member and examine and make copies of and abstracts from, the corporate (and similar), financial, operating and other books and records of each Group Member, (b) discuss the affairs, finances and accounts of each
Group Member with any officer or director of any Group Member and (c) communicate directly with any registered certified public accountants (including the Group Members’ Accountants) of any Group Member; provided that all requests for
documents, information, meetings and discussions shall initially be made through Robert Adamson, Kevin Little or Jeff Yesner, or through Loughlin Meghji & Co.; and provided, further, that excluding any such visits and inspections during the
continuation of a Default or Event of Default (which shall be unlimited), the Administrative Agent and any Related Persons of the Administrative Agent shall not exercise such rights more often than one time in the aggregate in any Fiscal Year, which
shall be at the Lenders’ expense so long as no Default or Event of Default then exists. Each Group Member shall authorize their respective registered certified public accountants (including the Group Members’ Accountants) to communicate
directly with the Administrative Agent, the Lenders and their Related Persons, as applicable, and to disclose to the Administrative Agent, the Lenders and their Related Persons, as applicable, all financial statements and other documents and
information as they might have and the Administrative Agent or any Lender reasonably requests with respect to any Group Member. For the avoidance of doubt, compliance with this Section 7.7 shall not be deemed to be a waiver of any applicable
attorney-client or work product privilege. 
 Section 7.8 Environmental. Each Group Member shall comply with,
and maintain its real property, whether owned, leased, subleased or otherwise operated or occupied, in compliance with, all applicable Environmental Laws (including by implementing any Remedial Action necessary to achieve such compliance or that is
required by orders and directives of any Governmental Authority) except for failures to comply that would not, in the aggregate, have a Material Adverse Effect. Without limiting the foregoing, if an Event of Default is continuing or if the
Administrative Agent at any time has a reasonable basis to believe that there exist violations of Environmental Laws by any Group Member or that there exist any Environmental Liabilities, in each case, that would have, in the aggregate, a Material
Adverse Effect, then each Group Member shall, promptly upon receipt of request from the Administrative Agent, cause the performance of, and allow the Administrative Agent and its Related Persons access to such real property for the purpose of
conducting, such environmental audits and assessments, including subsurface sampling of soil and groundwater, and cause the preparation of such reports, in each case as the Administrative Agent may from time to time reasonably request. Such audits,
assessments and reports, to the extent not conducted by the Administrative Agent or any of its Related Persons, shall be conducted and prepared by reputable environmental consulting firms reasonably acceptable to the Administrative Agent and shall
be in form and substance reasonably acceptable to the Administrative Agent. 
  

 50 

 Section 7.9 Use of Proceeds. The proceeds of the Loans shall be used by
the Borrower (and, to the extent distributed to them by the Borrower, each other Group Member) solely for (a) working capital (excluding Capital Expenditures) to the extent set forth in the Budget, (b) Capital Expenditures to the extent
set forth in the Budget and permitted by Article V hereto, (c) upon entry of the Final Order, payment of any Pre-Petition Protective Advances then remaining outstanding and (d) payment of such other obligations incurred before the Petition
Date as are consented to by the Administrative Agent and the Required Lenders in their reasonable discretion and approved of by the Bankruptcy Court. 

Section 7.10 Additional Collateral and Guaranties. To the extent not delivered to the Administrative Agent on or
before the Closing Date (including in respect of after-acquired property and Persons that become Subsidiaries of any Loan Party after the Closing Date), each Group Member shall, promptly, do each of the following, unless otherwise agreed by the
Administrative Agent: 
 (a) deliver to the Administrative Agent such modifications to the terms of the Loan
Documents (or, to the extent applicable as determined by the Administrative Agent, such other documents), in each case in form and substance reasonably satisfactory to the Administrative Agent and as the Administrative Agent deems necessary or
advisable in order to ensure the following: 
 (i) (A) each Subsidiary of any Loan Party that has entered into
Guaranty Obligations with respect to any Indebtedness of the Borrower and (B) each Wholly Owned Subsidiary of any Loan Party shall guaranty, as primary obligor and not as surety, the payment of the Obligations of the Borrower; and 

(ii) each Loan Party (including any Person required to become a Guarantor pursuant to clause (i) above) shall
effectively grant to the Administrative Agent, for the benefit of the Secured Parties, a valid and enforceable security interest in all of its property, including all of its Stock and Stock Equivalents and other Securities, as security for the
Obligations of such Loan Party; 
 provided, however, that, unless the Borrower and the Administrative Agent otherwise agree, in
no event shall (x) any Excluded Foreign Subsidiary be required to guaranty the payment of any Obligation, (y) the Loan Parties, individually or collectively, be required to pledge in excess of 66% of the outstanding Voting Stock of any
Excluded Foreign Subsidiary or (z) a security interest be required to be granted on any property of any Excluded Foreign Subsidiary as security for any Obligation; 
  

 51 

 (b) deliver to the Administrative Agent all documents representing all
Stock, Stock Equivalents and other Securities pledged pursuant to the documents delivered pursuant to clause (a) above, together with undated powers or endorsements duly executed in blank; 

(c) upon request of the Administrative Agent, deliver to it a Mortgage on any real property owned by any Loan Party with
a fair market value in excess of $250,000 and on any of its material leases, together with all Mortgage Supporting Documents relating thereto (or, if such real property or the real property subject to such lease is located in a jurisdiction outside
the United States, similar documents deemed appropriate by the Administrative Agent to obtain the equivalent in such jurisdiction of a first-priority mortgage on such real property or lease); 

(d) take all other actions necessary or advisable to ensure the validity or continuing validity of any guaranty for any
Obligation or any Lien securing any Obligation, to perfect, maintain, evidence or enforce any Lien securing any Obligation or ensure such Liens have the same priority as that of the Liens on similar Collateral set forth in the Loan Documents
executed on the Closing Date (or, for Collateral located outside the United States, a similar priority acceptable to the Administrative Agent), including the filing of UCC financing statements in such jurisdictions as may be required by the Loan
Documents or applicable Requirements of Law or as the Administrative Agent may otherwise reasonably request; and 

(e) deliver to the Administrative Agent legal opinions relating to the matters described in this
Section 7.10, which opinions shall be as reasonably required by, and in form and substance and from counsel reasonably satisfactory to, the Administrative Agent. 

Section 7.11 Deposit Accounts; Securities Accounts and Cash Collateral Accounts. (a) Each Group Member (other
than Excluded Foreign Subsidiaries) shall (i) deposit all of its cash in deposit accounts that are Controlled Deposit Accounts, provided, however, that each Group Member may (A) maintain zero-balance accounts for the purpose
of managing local disbursements and may maintain payroll, withholding tax and other fiduciary accounts, and (B) maintain funds on deposit in the escrow account established in connection with the Borrower’s vendor managed services business,
which funds shall be remitted and deposited as provided in the Escrow Agreement and (ii) deposit all of its Cash Equivalents in securities accounts that are Controlled Securities Accounts, in each case except for cash and Cash Equivalents the
aggregate value of which does not exceed $50,000 for more than two (2) consecutive Business Days. 
 (b)
The Administrative Agent shall not have any responsibility for, or bear any risk of loss of, any investment or income of any funds in any Cash Collateral Account. From time to time after funds are deposited in any Cash Collateral Account, the
Administrative Agent may apply funds then held in such Cash Collateral Account to the payment of Obligations in accordance with Section 2.12. To the extent an Event of Default shall have occurred and is continuing, no Group Member and no Person
claiming on behalf of or through any Group Member shall have any right to demand payment of any funds held in any Cash Collateral Account at any time prior to the termination of (i) such Event of Default or (ii) of all Commitments and the
payment in full of all Obligations. 
 (c) Holdings and the Borrower shall take all actions to ensure that all
collections and proceeds from the Collateral shall be swept daily into an account held by the Administrative Agent or by another financial institution reasonably satisfactory to the Administrative Agent for application in accordance with
Section 2.12. 
  

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 Section 7.12 Compliance with Milestones. Each Loan Party shall:

 (a) file the Cases on or prior to July 2, 2010; 

(b) obtain entry of an order of the Bankruptcy Court approving the Interim Order within three (3) Business Days
following the Petition Date; 
 (c) obtain entry of an order of the Bankruptcy Court approving the Final Order
within 35 calendar days following the Petition Date; 
 (d) on the Petition Date, file a motion in form and
substance satisfactory to the Pre-Petition First Lien Agent and the Pre-Petition Majority Consenting First Lien Lenders seeking approval of (i) the Bidding Procedures, (ii) the 363 Sale and (iii) the Loan Parties’ selection of
the Credit Bid and the 363 Asset Purchase Agreement as the “stalking horse” bid; 
 (e) obtain entry
of an order of the Bankruptcy Court approving the Bidding Procedures within 25 calendar days following the Petition Date; 

(f) obtain entry of the Sale Order by the Bankruptcy Court within 55 calendar days following the Petition Date; and

 (g) cause the “effective date” of the 363 Sale to occur within 10 calendar days after entry of the
Sale Order by the Bankruptcy Court; provided that the Loan Parties shall only comply with this clause (g) if the Bankruptcy Court waives any stay in respect of the Sale Order pursuant to Rule 6004 of the Federal Rules of
Bankruptcy Procedure (each of the actions or events set forth in subsections (a) through (g), a “Milestone” and collectively, the “Milestones”). 

Section 7.13 Opposition to Certain Motions. Each Loan Party shall promptly and diligently oppose all motions filed by
Persons in the Bankruptcy Court to lift the stay on the Collateral (other than motions filed by the Administrative Agent and the Required Lenders relating to the Facility), all motions filed by Persons in the Bankruptcy Court to terminate the
exclusive ability of the Debtors to file a plan of reorganization, and all other motions filed by persons in the Bankruptcy Court that, if granted, could reasonably be expected to have a material adverse effect on the Administrative Agent or any
Lender or any Collateral. 
 Section 7.14 Cooperation with Syndication Efforts. The Loan Parties shall comply
with all reasonable requests made by the Administrative Agent or the Required Lenders pursuant to any effort to Sell any part of the Loan pursuant to Section 11.2. 

Section 7.15 Further Assurances. At any time or from time to time upon the request of the Administrative Agent or the
Required Lenders, at the expense of the Loan Parties, promptly execute, acknowledge and deliver such further documents and do such other acts and things as the Administrative Agent or the Required Lenders may reasonably request in order to effect
fully the purposes of the Loan Documents or to more fully perfect or renew the rights of the Administrative Agent or the Lenders with respect to the Collateral. 
  

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 Section 7.16 Post-Closing Delivery of Good Standing Certificates. Prior
to entry of the Final Order (or such later date as the Administrative Agent may agree), each of the Loan Parties shall deliver certificates attesting to the good standing of such Loan Party in each jurisdiction where such Loan Party is qualified to
do business as a foreign entity or where such qualification is necessary (and, if appropriate in any such jurisdiction, related tax certificates). 

ARTICLE VIII 

NEGATIVE COVENANTS 

Each of Holdings and the Borrower (and, to the extent set forth in any other Loan Document, each other Loan Party) agrees with the
Lenders and the Administrative Agent to each of the following, as long as any Obligation or any Commitment remains outstanding: 

Section 8.1 Indebtedness. No Group Member shall, directly or indirectly, incur or otherwise remain liable with respect
to or responsible for, any Indebtedness except for the following: 
 (a) the Obligations; 

(b) Indebtedness existing on the date hereof and set forth on Schedule 8.1; 

(c) Indebtedness consisting of Capitalized Lease Obligations (other than with respect to a lease entered into as part of
a Sale and Leaseback Transaction) existing on the date hereof and purchase money Indebtedness existing on the date hereof and, in each case incurred by any Group Member (other than Holdings) to finance the acquisition, repair, improvement or
construction of fixed or capital assets of such Group Member; 
 (d) intercompany loans owing to any Loan Party
(or, in the ordinary course of business and, for the avoidance of doubt, in accordance with the Budget, to Intelistaf JV) and constituting Permitted Investments of a Group Member; 

(e) obligations under other Hedging Agreements entered into for the sole purpose of hedging in the normal course of
business and consistent with industry practices; 
 (f) Guaranty Obligations of any Group Member with respect to
Permitted Indebtedness of any Loan Party (other than Indebtedness permitted hereunder in reliance upon clause (b) above) or with respect to any other obligation or liability of any Loan Party otherwise permitted to be incurred herein;

 (g) Indebtedness in respect of performance, surety or appeal bonds in the ordinary course of business;

 (h) Indebtedness to Bank of America, N.A. in respect of the Borrower’s corporate credit card issued by
Bank of America, N.A. in the aggregate principal amount of not more than $165,000 plus accrued interest; and 

(i) Indebtedness incurred under the Pre-Petition Credit Facilities in an aggregate principal amount not to exceed
$126,319,763.20. 
  

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 Section 8.2 Liens. No Group Member shall incur, maintain or otherwise
suffer to exist any Lien upon or with respect to any of its property, whether now owned or hereafter acquired, or assign any right to receive income or profits, except for the following: 

(a) Liens created pursuant to any Loan Document; 

(b) Customary Permitted Liens of Group Members; 

(c) Liens existing on the date hereof and set forth on Schedule 8.2; 

(d) Liens existing on the date hereof on the property of the Borrower or any of its Subsidiaries securing Indebtedness
permitted hereunder in reliance upon Section 8.1(c); provided, however, that (i) such Liens exist prior to the acquisition of, or attach substantially simultaneously with, or within 90 days after, the acquisition,
repair, improvement or construction of, such property financed by such Indebtedness and (ii) such Liens do not extend to any property of any Group Member other than the property (and proceeds thereof) acquired or built, or the improvements or
repairs, financed by such Indebtedness; 
 (e) Liens in favor of Bank of America, N.A. on the certificate of
deposit and the cash represented thereby securing the Indebtedness permitted under Section 8.1(h); and 

(f) Liens securing the Pre-Petition Credit Facilities. 

Section 8.3 Investments. No Group Member shall make or maintain, directly or indirectly, any Investment except for the
following: 
 (a) Investments existing on the date hereof and set forth on Schedule 8.3; 

(b) Investments in cash and Cash Equivalents; 

(c) (i) endorsements for collection or deposit in the ordinary course of business consistent with past practice,
(ii) extensions of trade credit (other than to Affiliates of the Borrower) arising or acquired in the ordinary course of business, (iii) Investments received in settlements in the ordinary course of business of such extensions of trade
credit and (iv) inventory, raw materials and general intangibles (to the extent such general intangibles are not a Capital Expenditure) acquired in the ordinary course of business; 

(d) Investments by (i) Holdings in the Borrower or in any Holdings Entity, (ii) any Loan Party (other than
Holdings) in any other Loan Party (other than Holdings), and (iii) any Loan Party (other than Holdings) in any joint venture in connection with a vendor managed services contract; provided, however, that the aggregate outstanding
amount of all Investments permitted pursuant to this clause (iii) shall not exceed $1,000,000 at any time; and 

(e) loans or advances to employees of the Borrower or any of its Subsidiaries to finance travel, entertainment and
relocation expenses and other ordinary business purposes in the ordinary course of business as presently conducted; provided, however, that the aggregate outstanding principal amount of all loans and advances permitted pursuant to this
clause (e) shall not exceed $250,000 at any time. 
  

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 Section 8.4 Asset Sales. No Group Member shall Sell any of its property
(other than cash) or issue shares of its own Stock, except for the following: 
 (a) in each case to the extent
entered into in the ordinary course of business and made to a Person that is not an Affiliate of the Borrower, (i) Sales of Cash Equivalents, or inventory or property in the ordinary course of business or that has become obsolete or worn out
and (ii) non-exclusive licenses of Intellectual Property; 
 (b) a true lease or sublease of real property
not constituting Indebtedness and not entered into as part of a Sale and Leaseback Transaction; provided, however, that the aggregate fair market value (measured at the time of the applicable lease or sublease) of all property covered
by any such lease or sublease at any time shall not exceed $100,000; and 
 (c) (i) any Sale of any property
(other than their own Stock or Stock Equivalents) by any Group Member (other than Holdings) to any other Group Member (other than Holdings or InteliStaf JV) to the extent any resulting Investment constitutes a Permitted Investment and (ii) any
Restricted Payment by any Group Member (other than Holdings) permitted pursuant to Section 8.5. 

Section 8.5 Restricted Payments. No Group Member (other than Holdings) shall directly or indirectly, declare, order,
pay, make or set apart any sum for any Restricted Payment except for the following (and Holdings shall not use the proceeds of any Restricted Payment made in reliance under clause (c) below other than as set forth in such
clause (c)): 
 (a) (i) Restricted Payments (A) by any Group Member (other than Holdings) that
is a Loan Party to any Loan Party other than Holdings and (B) by any Group Member that is not a Loan Party to any Group Member other than Holdings, (ii) dividends and distributions by any Subsidiary of the Borrower that is not a Loan Party
to any holder of its Stock, to the extent made to all such holders ratably according to their ownership interests in such Stock and (iii) non-cash repurchases of warrants or options deemed to occur upon exercise thereof if such warrants or
options represent a portion of the exercise thereof; and 
 (b) cash dividends on the Stock of the Borrower to
Holdings paid and declared solely for the purpose of funding the following: 
 (i) payments by Holdings in
respect of taxes owing by Holdings in respect of the other Group Members; and 
 (ii) ordinary course operating
expenses of Holdings; provided, however, that the amount paid for ordinary course operating expenses following the Closing Date shall not exceed $500,000 in the aggregate; 

provided, however, that no action that would otherwise be permitted hereunder in reliance upon this clause (c) (other than
clause (i) or (ii) above) shall be permitted if (A) a Default is then continuing or would result therefrom or (B) such action is otherwise prohibited under any Loan Document or under the terms of any Indebtedness
(other than the Obligations) of any Group Member. 
  

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 Section 8.6 Prepayment of Indebtedness. No Group Member shall
(w) prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof any Indebtedness, (x) set apart any property for such purpose, whether directly or indirectly and whether to a sinking fund, a similar fund
or otherwise, (y) make any payment in violation of any subordination terms of any Indebtedness or (z) make any payment on any Indebtedness to the extent such payment is not contemplated to be made in the Budget; provided,
however, that each Group Member may, to the extent otherwise permitted by the Loan Documents, and so long as no Default is continuing and such payment is contemplated by the Budget do each of the following: 

(a) prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof (or set apart any
property for such purpose) (A) in the case of any Group Member that is not a Loan Party, any Indebtedness owing by such Group Member to any other Group Member (other than Holdings) and (B) otherwise, any Indebtedness owing to any Loan
Party (other than Holdings); 
 (b) prepay the Pre-Petition Protective Advances; or 

(c) prepay the Obligations. 

Section 8.7 Fundamental Changes. No Group Member shall (a) merge, consolidate or amalgamate with any Person,
(b) acquire all or substantially all of the Stock or Stock Equivalents of any Person or (c) acquire any brand or all or substantially all of the assets of any Person or all or substantially all of the assets constituting any line of
business, division, branch, operating division or other unit operation of any Person, in each case except for the following: (x) the merger, consolidation or amalgamation of any Holdings Entity into any other Holdings Entity, (y) the
merger, consolidation or amalgamation of any Subsidiary of the Borrower into any Loan Party and (z) the merger, consolidation or amalgamation of any Group Member for the sole purpose, and with the sole material effect, of changing its State of
organization within the United States; provided, however, that (A) in the case of any merger, consolidation or amalgamation involving the Borrower, the Borrower shall be the surviving Person and (B) in the case of any merger,
consolidation or amalgamation involving any other Loan Party, a Loan Party shall be the surviving corporation and all actions required to maintain the perfection of the Lien of the Administrative Agent on the Stock or property of such Loan Party
shall have been made. 
 Section 8.8 Change in Nature of Business. (a) No Group Member (other than
Holdings) shall carry on any business, operations or activities (whether directly, through a joint venture or otherwise) substantially different from those carried on by the Borrower and its Subsidiaries at the date hereof and business, operations
and activities reasonably related thereto or incidental thereto or a reasonable extension thereof. 
 (b)
Holdings shall not engage in any business, operations or activity, or hold any property, other than (i) holding Stock and Stock Equivalents of the Borrower, (ii) issuing, selling and redeeming its own Stock, (iii) paying taxes,
(iv) holding managers’, members’, directors’ and shareholders’ meetings, preparing corporate and similar records and other activities required to maintain its separate corporate or other legal structure, (v) preparing
reports to, and preparing and making notices to and filings with, Governmental Authorities and to its holders of Stock and Stock Equivalents and (vi) receiving, and holding proceeds of, Restricted Payments from the Borrower and its Subsidiaries
and distributing the proceeds thereof to the extent permitted in Section 8.5. 
  

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 Section 8.9 Transactions with Affiliates. No Group Member shall, except
as otherwise expressly permitted herein, enter into any other transaction directly or indirectly with, or for the benefit of, any Affiliate of the Borrower that is not a Loan Party (including Guaranty Obligations with respect to any obligation of
any such Affiliate), except for (a) transactions in the ordinary course of business on a basis no less favorable to such Group Member as would be obtained in a comparable arm’s length transaction with a Person not an Affiliate of the
Borrower, (b) Restricted Payments, the proceeds of which, if received by Holdings, are used as required by Section 8.5 and (c) reasonable salaries and other reasonable director or employee compensation and benefit arrangements
(including any indemnity obligations) to officers and directors of any Group Member and any employment agreement (including customary benefits thereunder) that is entered into in the ordinary course of business. 

Section 8.10 Third-Party Restrictions on Indebtedness, Liens, Investments or Restricted Payments. No Group Member
shall incur or otherwise suffer to exist or become effective or remain liable on or responsible for any Contractual Obligation limiting the ability of (a) any Subsidiary of the Borrower to make Restricted Payments to, or Investments in, or
repay Indebtedness or otherwise Sell property to, any Group Member (other than Holdings) or (b) any Group Member to incur or suffer to exist any Lien upon any property of any Group Member, whether now owned or hereafter acquired, securing any
of its Obligations (including any “equal and ratable” clause and any similar Contractual Obligation requiring, when a Lien is granted on any property, another Lien to be granted on such property or any other property), except, for each of
clauses (a) and (b) above, (i) pursuant to the Loan Documents, (ii) pursuant to the Pre-Petition Loan Documents, (iii) limitations on Liens (other than those securing any Obligation) on any property whose
acquisition, repair, improvement or construction is financed by purchase money Indebtedness or Capitalized Lease Obligations in reliance upon Section 8.1(c) or (d) set forth in the Contractual Obligations governing such
Indebtedness or Capitalized Lease Obligations or Guaranty Obligations with respect thereto or (iv) Applicable Law. 

Section 8.11 Modification of Certain Documents. No Group Member shall do any of the following: 

(a) waive or otherwise modify Exhibit C to the Escrow Agreement or otherwise alter the instructions of Borrower provided
in the Escrow Agreement regarding disposition of funds owed to Borrower without the prior written consent of the Administrative Agent; 

(b) amend or otherwise modify any term of the Jefferies Engagement Letter without the prior written consent of the
Administrative Agent; 
 (c) waive or otherwise modify any term of any Constituent Document of, or otherwise
change the capital structure of, any Group Member (including the terms of any of their outstanding Stock or Stock Equivalents), in each case except for those modifications and waivers that (x) do not elect, or permit the election, to treat the
Stock or Stock Equivalents of any limited liability company (or similar entity) as certificated unless the certificates issued thereunder to any Loan Party are delivered to the Administrative Agent and (y) do not materially adversely affect the
rights and privileges of any Group Member and do not materially adversely affect the interests of any Secured Party under the Loan Documents or in the Collateral; or 

 

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 (d) waive or otherwise modify any term of any Subordinated Debt held by a
Person other than a Loan Party if the effect thereof on such Subordinated Debt is to (i) increase the interest rate, (ii) change the due dates for principal or interest, other than to extend such dates, (iii) modify any default or
event of default, other than to delete it or make it less restrictive, (iv) add any covenant with respect thereto, (v) modify any subordination provision, (vi) modify any redemption or prepayment provision, other than to extend the
dates therefor or to reduce the premiums payable in connection therewith or (vii) materially increase any obligation of any Group Member or confer additional material rights to the holder of such Subordinated Debt in a manner adverse to any
Group Member or any Secured Party. 
 Section 8.12 Accounting Changes; Fiscal Year. No Group Member shall
change its (a) accounting treatment or reporting practices, except as required by GAAP or any Requirement of Law, or (b) Fiscal Year or its method for determining Fiscal Quarters or Fiscal Months. 

Section 8.13 Margin Regulations. No Group Member shall use all or any portion of the proceeds of any credit extended
hereunder to purchase or carry margin stock (within the meaning of Regulation U of the Federal Reserve Board) in contravention of Regulation U of the Federal Reserve Board. 

Section 8.14 Compliance with ERISA. No ERISA Affiliate shall cause or suffer to exist (a) any event that could
result in the imposition of a Lien with respect to any Title IV Plan or Multiemployer Plan or (b) any other ERISA Event, that would, in the aggregate, have a Material Adverse Effect. No Group Member shall cause or suffer to exist any event that
could result in the imposition of a Lien with respect to any Benefit Plan. 
 Section 8.15 Hazardous
Materials. No Group Member shall cause or suffer to exist any Release of any Hazardous Material at, to or from any real property owned, leased, subleased or otherwise operated or occupied by any Group Member that would violate any Environmental
Law, form the basis for any Environmental Liabilities or otherwise adversely affect the value or marketability of any real property (whether or not owned by any Group Member), other than such violations, Environmental Liabilities and effects that
would not, in the aggregate, have a Material Adverse Effect. 
 Section 8.16 Bankruptcy Provisions. No Group
Member shall: (a) file or approve a plan of reorganization or liquidation (unless the Obligations have been indefeasibly paid in full in cash) without the consent of the Administrative Agent; (b) seek or consummate a Sale of assets under
Section 363(b) of the Bankruptcy Code without the consent of the Administrative Agent; (c) except for the Carve-Out, incur administrative expense claims pari passu with or senior to Obligations incurred hereunder; (d) seek
confirmation of a plan of reorganization under which Pre-Petition First Lien Collateral is sold other than pursuant to Section 1129(b)(2)(A)(ii) of the Bankruptcy Code; (e) seek or consent to any modification, stay, vacation or amendment
with respect to (i) any order made on the Petition Date (which order and motions in respect thereof shall be acceptable in form and substance to the Administrative Agent), (ii) the Interim Order, (iii) the Final Order or (iv) the
Loan Documents, except in each case as agreed to by the Administrative Agent; or (f) make cash expenditures on account of claims incurred (i) by critical vendors prior to the Petition Date or (ii) pursuant to Section 503(b)(9) of
the Bankruptcy Code, except in each case as agreed to by the Administrative Agent or as permitted by the Budget. 
  

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 Section 8.17 Compliance with Budget. No Group Member shall make any cash
disbursement that is not contemplated by the most recently approved Budget. 
 ARTICLE IX 

EVENTS OF DEFAULT 

Section 9.1 Definition. Each of the following shall be an Event of Default: 

(a) the Borrower shall fail to pay (i) any principal of any Loan when the same becomes due and payable or
(ii) any interest on any Loan, any fee under any Loan Document or any other Obligation (other than those set forth in clause (i) above) and, in the case of this clause (ii), such non-payment continues for a period of
3 Business Days after the due date therefor; or 
 (b) the Borrower shall fail to achieve any of the
Milestones by the date that is three Business Days after the date set forth for each Milestone (regardless of whether or not the Borrower exercised its best efforts or other efforts to achieve the same in a timely manner); or 

(c) any representation, warranty or certification made or deemed made by or on behalf of any Loan Party in any Loan
Document or by or on behalf of any Loan Party (or any Responsible Officer thereof) in connection with any Loan Document (including in any document delivered in connection with any Loan Document) shall prove to have been incorrect in any material
respect when made or deemed made; or 
 (d) any Loan Party shall fail to comply with (i) any provision of
Article V (Financial Covenant), and such Event of Default under this clause (i) shall be deemed to occur on the last day of any specified measurement period, regardless of when the information reflecting such breach is delivered to
Administrative Agent, (ii) Section 6.1 (Financial Covenant), (iii) 7.1(a) (Maintenance of Corporate Existence), (iv) 7.9 (Application of Loan Proceeds), (v) Article VIII (Negative Covenants) or (vi) any other
provision of any Loan Document if, in the case of this clause (vi), such failure shall remain unremedied for 30 days after the earlier of (A) the date on which a Responsible Officer of the Borrower becomes aware of such failure and (B) the
date on which notice thereof shall have been given to the Borrower by the Administrative Agent or the Required Lenders; or 

(e)(i) any Foreign Subsidiary of any Group Member shall generally not pay its debts as such debts become due, shall admit
in writing its inability to pay its debts generally or shall make a general assignment for the benefit of creditors, (ii) any proceeding shall be instituted by or against any Foreign Subsidiary of any Group Member seeking to adjudicate it a
bankrupt or insolvent or seeking liquidation, winding up, reorganization, arrangement, adjustment, protection, relief, composition of it or its debts or any similar order, in each case under any Requirement of Law relating to bankruptcy, insolvency
or reorganization or relief of debtors or seeking the entry of an order for relief or the appointment of a custodian, receiver, trustee, conservator, liquidating agent, liquidator, other similar official or other official with similar powers, in
each case for it or for any substantial part of its property and, in the case of any such proceedings instituted against (but not by or with the consent of) any Foreign Subsidiary of any Group Member, either such proceedings shall remain undismissed
or unstayed for a period of 60 days or more or any action sought in such proceedings shall occur or (iii) any Group Member shall take any corporate or similar action or any other action to authorize any action described in clause
(i) or (ii) above; or 
  

 60 

 (f) one or more judgments, orders or decrees (or other similar process)
shall be rendered against any Group Member with respect to liabilities incurred or assumed after the Petition Date, (i)(A) in the case of money judgments, orders and decrees, involving an aggregate amount (excluding amounts adequately covered by
insurance payable to any Group Member (“Threshold Amount”), to the extent the relevant insurer has not denied coverage therefor) in excess of $1,000,000 or (B) otherwise, that would have, in the aggregate, a Material Adverse
Effect and (ii)(A) enforcement proceedings shall have been commenced by any creditor upon an aggregate of such judgments, orders or decrees in excess of the Threshold Amount or (B) an aggregate of such judgments, orders and decrees in excess of
the Threshold Amount shall not have been vacated or discharged for a period of 30 consecutive days and there shall not be in effect (by reason of a pending appeal or otherwise) any stay of enforcement thereof; or 

(g) except pursuant to a valid, binding and enforceable termination or release permitted under the Loan Documents and
executed by the Administrative Agent or as otherwise expressly permitted under any Loan Document, (i) any provision of any Loan Document shall, at any time after the delivery of such Loan Document, fail to be valid and binding on, or
enforceable against, any Loan Party party thereto or (ii) any Loan Document purporting to grant a Lien to secure any Obligation shall, at any time after the delivery of such Loan Document, fail to create a valid and enforceable Lien on any
Collateral purported to be covered thereby or such Lien shall fail or cease to be a perfected Lien with the priority required in the relevant Loan Document or (iii) any Group Member shall state in writing that any of the events described in
clause (i) or (ii) above shall have occurred; 
 (h) the Bankruptcy Court shall enter an
order authorizing, approving or granting (or the Debtors shall file a motion seeking such authorization, approval or grant) of (i) additional post-Petition Date financing not otherwise permitted herein, (ii) any liens on the Collateral not
otherwise permitted herein, (iii) dismissal of the Cases or conversion of any Case to one under Chapter 7 of the Bankruptcy Code, (iv) appointment of a Chapter 11 trustee in any of the Cases, (v) any other superpriority claim senior
to or pari passu with superpriority claims of the Administrative Agent and the Lenders, (vi) modification of the Facility, the Interim Order or the Final Order, (vii) any action adverse to the Administrative Agent, the Lenders or their
rights and remedies with respect to or interest in the Collateral, (viii) appointment of an examiner having powers beyond those set forth under Sections 1106(a)(3) and (4) of the Bankruptcy Code in any of the Cases, or (ix) relief
from the automatic stay for the benefit of any creditor with a security interest in the Collateral without the consent of the Administrative Agent and the Required Lenders; 

(i) the Borrower shall pay any claim accrued prior to the Petition Date without the prior written consent of the
Administrative Agent or other than as permitted by the Budget; 
 (j) the Borrower shall commence any action
against the Administrative Agent, the Pre-Petition Agents or any Pre-Petition Lender on behalf of itself or any of its affiliates, officers or employees; 
  

 61 

 (k) the Interim Order shall cease to be in full force and effect or shall
have been reversed, stayed, vacated or subjected to a stay pending appeal or, without the prior written consent of the Administrative Agent and the Required Lenders, modified or amended; 

(l) the Bankruptcy Court shall not enter the Final Order on or before a date that is 35 days after the entry of the
Interim Order; 
 (m) the Final Order shall cease to be in full force and effect or shall have been reversed,
stayed, vacated or subjected to a stay pending appeal or, without the prior written consent of the Administrative Agent and the Required Lenders, modified or amended; 

(n) the Debtor shall breach any provision of the Interim Order or the Final Order; 

(o) a claim under Section 506(c) of the Bankruptcy Code or otherwise shall have been allowed against any of all of
the Administrative Agent, the Lenders and the Collateral, or against any Pre-Petition Agent or Pre-Petition Lender; 

(p) the filing of any plan of reorganization or related disclosure statement or any direct or indirect amendment to such
plan or disclosure statement, or the entry of an order confirming any such plan of reorganization or approving any such disclosure statement or approving any such amendment, in each case that either fails to provide for indefeasible payment in full
in cash of the Facility (and termination of all Commitments) and the Facilities (as defined in the Pre-Petition First Lien Credit Agreement) or treats the claims of the Administrative Agent and Lenders in any manner to which they do not consent in
their discretion; 
 (q) the Bankruptcy Court shall enter an order allowing a Sale of all or substantially all
of the Debtors’ assets pursuant to Section 363(b) of the Bankruptcy Code without the written consent of the Administrative Agent and Required Lenders; 

(r) the Bankruptcy Court shall enter an order that results in any termination or modification of the exclusivity periods
set forth in Section 1121 of the Bankruptcy Code; 
 (s) the Bankruptcy Court shall enter an order
resulting in the marshalling of all or any portion of the Collateral; 
 (t) the Debtor shall fail to retain
Loughlin Meghji + Company to provide interim management and restructuring services on terms and conditions satisfactory to the Administrative Agent; or 

(u) the Pre-Petition Second Lien Agent or any Pre-Petition Second Lien Lender shall commence an enforcement action or any
other action against the Administrative Agent, any Lender, the First Lien Pre-Petition Agent or any Pre-Petition First Lien Lender. 
  

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 Section 9.2 Remedies. (a) During the continuance of any Event of Default,
the Administrative Agent may, and, at the request of the Required Lenders, shall, in each case by notice to the Borrower and in addition to any other right or remedy provided under any Loan Document or by any applicable Requirement of Law, do each
of the following: (i) declare all or any portion of the Commitments terminated, whereupon the Commitments shall immediately be reduced by such portion or, in the case of a termination in whole, shall terminate together with any obligation any
Lender may have hereunder to make any Loan, (ii) declare immediately due and payable all or part of any Obligation (including any accrued but unpaid interest thereon), whereupon the same shall become immediately due and payable, without
presentment, demand, protest or further notice or other requirements of any kind, all of which are hereby expressly waived by Holdings and the Borrower (and, to the extent provided in any other Loan Document, other Loan Parties) and
(iii) declare a termination, reduction or restriction on the ability of the Obligors to use any cash collateral (any such declaration shall be made to the Obligors, the official committee(s) of creditors of the Obligors and the United States
Trustee, and shall be referred to herein as a “Termination Declaration” and the date which is the earliest to occur of any such Termination Declaration being herein referred to as the “Termination Declaration
Date”); provided, however, that, effective immediately upon the occurrence of the Events of Default specified in Sections 9.1(d)(iii), (d)(iv), e(ii), (h), (j), (k), (m) or (p), (x) the Commitments of each
Lender to make Loans shall automatically be terminated and (y) each Obligation (including in each case any accrued but unpaid interest thereon) shall automatically become and be due and payable, without presentment, demand, protest or further
notice or other requirement of any kind, all of which are hereby expressly waived by Holdings and the Borrower (and, to the extent provided in any other Loan Document, any other Loan Party). 

(b) On the third day following a Termination Declaration Date, the Administrative Agent shall have the right to seek
relief from the automatic stay upon expedited notice to the Debtors, the Committee and the United States Trustee to foreclose on all or any portion of the Collateral, collect accounts receivable and apply the proceeds thereof to the Obligations,
occupy the Debtors’ premises to sell or otherwise dispose of the Collateral or otherwise exercise remedies against the Collateral permitted by applicable nonbankruptcy law. At any hearing to consider the Administrative Agent’s request to
terminate or modify the automatic stay, the Debtors and any statutory committee shall be entitled to contest whether an Event of Default has occurred, provided that neither the Debtors nor any Committee may invoke section 105 of the
Bankruptcy Code in an effort to restrict or preclude the Administrative Agent or any Lender from exercising any rights or remedies. Unless during such hearing the Bankruptcy Court determines that an Event of Default has not occurred and/or is not
continuing, the automatic stay, as to the Lenders and Administrative Agent, shall automatically terminate at the end of such hearing, without further notice or order. Notwithstanding the foregoing, nothing herein shall preclude the Administrative
Agent from seeking an order from the Bankruptcy Court authorizing the Administrative Agent to exercise any enforcement rights or remedies with respect to the Collateral on less than three (3) Business Days’ notice. 

ARTICLE X 
 THE
ADMINISTRATIVE AGENT 
 Section 10.1 Appointment and Duties. (a) Appointment of Administrative
Agent. Each Lender hereby appoints GE Capital (together with any successor Administrative Agent pursuant to Section 10.9) as the Administrative Agent hereunder and authorizes the Administrative Agent to (i) execute and deliver
the Loan Documents and accept delivery thereof on its behalf from any Group Member, (ii) take such action on its behalf and to exercise all rights, powers and remedies and perform the duties as are expressly delegated to the Administrative
Agent under such Loan Documents and (iii) exercise such powers as are reasonably incidental thereto. 
  

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 (b) Duties as Collateral and Disbursing Agent. Without limiting the
generality of clause (a) above, the Administrative Agent shall have the sole and exclusive right and authority (to the exclusion of the Lenders), and is hereby authorized, to (i) act as the disbursing and collecting agent for the
Lenders with respect to all payments and collections arising in connection with the Loan Documents (including in any proceeding described in Section 9.1(e)(ii) or any other bankruptcy, insolvency or similar proceeding), and each Person
making any payment in connection with any Loan Document to any Secured Party is hereby authorized to make such payment to the Administrative Agent, (ii) file and prove claims and file other documents necessary or desirable to allow the claims
of the Secured Parties with respect to any Obligation in any proceeding described in Section 9.1(e)(ii) or any other bankruptcy, insolvency or similar proceeding (but not to vote, consent or otherwise act on behalf of such Secured
Party), (iii) act as collateral agent for each Secured Party for purposes of the perfection of all Liens created by such agreements and all other purposes stated therein, (iv) manage, supervise and otherwise deal with the Collateral,
(v) take such other action as is necessary or desirable to maintain the perfection and priority of the Liens created or purported to be created by the Loan Documents, (vi) except as may be otherwise specified in any Loan Document, exercise
all remedies given to the Administrative Agent and the other Secured Parties with respect to the Collateral, whether under the Loan Documents, applicable Requirements of Law or otherwise and (vii) execute any amendment, consent or waiver under
the Loan Documents on behalf of any Lender that has consented in writing to such amendment, consent or waiver; provided, however, that the Administrative Agent hereby appoints, authorizes and directs each Lender to act as collateral
sub-agent for the Administrative Agent and the Lenders for purposes of the perfection of all Liens with respect to the Collateral, including any deposit account maintained by a Loan Party with, and cash and Cash Equivalents held by, such Lender, and
may further authorize and direct the Lenders to take further actions as collateral sub-agents for purposes of enforcing such Liens or otherwise to transfer the Collateral subject thereto to the Administrative Agent, and each Lender hereby agrees to
take such further actions to the extent, and only to the extent, so authorized and directed. 
 (c) Limited
Duties. Under the Loan Documents, the Administrative Agent (i) is acting solely on behalf of the Lenders (except to the limited extent provided in Section 2.14(b) with respect to the Register and in Section 10.11),
with duties that are entirely administrative in nature, notwithstanding the use of the defined term “Administrative Agent”, the terms “agent”, “administrative agent” and “collateral agent” and similar terms in
any Loan Document to refer to the Administrative Agent, which terms are used for title purposes only, (ii) is not assuming any obligation under any Loan Document other than as expressly set forth therein or any role as agent, fiduciary or
trustee of or for any Lender or any other Secured Party and (iii) shall have no implied functions, responsibilities, duties, obligations or other liabilities under any Loan Document, and each Lender hereby waives and agrees not to assert any
claim against the Administrative Agent based on the roles, duties and legal relationships expressly disclaimed in clauses (i) through (iii) above. Notwithstanding anything herein to the contrary, no Lender holding a title
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 applicable, as Administrative Agent or a Lender hereunder. 

 

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 Section 10.2 Binding Effect. Each Lender agrees that (i) any action
taken by the Administrative Agent or the Required Lenders (or, if expressly required hereby, a greater proportion of the Lenders) in accordance with the provisions of the Loan Documents, (ii) any action taken by the Administrative Agent in
reliance upon the instructions of Required Lenders (or, where so required, such greater proportion) and (iii) the exercise by the Administrative Agent or the Required Lenders (or, where so required, such greater proportion) of the powers set
forth herein or therein, together with such other powers as are reasonably incidental thereto, shall be authorized and binding upon all of the Secured Parties. 

Section 10.3 Use of Discretion. (a) No Action without Instructions. The Administrative Agent shall not be
required to exercise any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except any action it is required to take or omit to take (i) under any Loan Document or (ii) pursuant to
instructions from the Required Lenders (or, where expressly required by the terms of this Agreement, a greater proportion of the Lenders). 

(b) Right Not to Follow Certain Instructions. Notwithstanding clause (a) above, the Administrative
Agent shall not be required to take, or to omit to take, any action (i) unless, upon demand, the Administrative Agent receives an indemnification satisfactory to it from the Lenders (or, to the extent applicable and acceptable to the
Administrative Agent, any other Secured Party) against all Liabilities that, by reason of such action or omission, may be imposed on, incurred by or asserted against the Administrative Agent or any Related Person thereof or (ii) that is, in the
opinion of the Administrative Agent or its counsel, contrary to any Loan Document or applicable Requirement of Law. 

Section 10.4 Delegation of Rights and Duties. The Administrative Agent may, upon any term or condition it specifies,
delegate or exercise any of its rights, powers and remedies under, and delegate or perform any of its duties or any other action with respect to, any Loan Document by or through any trustee, co-agent, employee, attorney-in-fact and any other Person
(including any Secured Party). Any such Person shall benefit from this Article X to the extent provided by the Administrative Agent. 

Section 10.5 Reliance and Liability. (a) The Administrative Agent may, without incurring any liability hereunder,
(i) treat the payee of any Note as its holder until such Note has been assigned in accordance with Section 11.2(e), (ii) rely on the Register to the extent set forth in Section 2.14, (iii) consult with any of
its Related Persons and, whether or not selected by it, any other advisors, accountants and other experts (including advisors to, and accountants and experts engaged by, any Loan Party) and (iv) rely and act upon any document and information
(including those transmitted by Electronic Transmission) and any telephone message or conversation, in each case believed by it to be genuine and transmitted, signed or otherwise authenticated by the appropriate parties. 

 

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 (b) None of the Administrative Agent and its Related Persons shall be
liable for any action taken or omitted to be taken by any of them under or in connection with any Loan Document, and each Lender, Holdings and the Borrower hereby waive and shall not assert (and each of Holdings and the Borrower shall cause each
other Loan Party to waive and agree not to assert) any right, claim or cause of action based thereon, except to the extent of liabilities resulting from the gross negligence or willful misconduct of the Administrative Agent or, as the case may be,
such Related Person (each as determined in a final, non-appealable judgment by a court of competent jurisdiction) in connection with the duties expressly set forth herein. Without limiting the foregoing, the Administrative Agent: 

(i) shall not be responsible or otherwise incur liability for any action or omission taken in reliance upon the
instructions of the Required Lenders or for the actions or omissions of any of its Related Persons selected with reasonable care (other than employees, officers and directors of the Administrative Agent, when acting on behalf of the Administrative
Agent); 
 (ii) shall not be responsible to any Secured Party for the due execution, legality, validity,
enforceability, effectiveness, genuineness, sufficiency or value of, or the attachment or priority of any Lien created or purported to be created under or in connection with, any Loan Document; 

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

(iv) shall not have any duty to ascertain or to inquire as to the performance or observance of any provision of any Loan
Document, whether any condition set forth in any Loan Document is satisfied or waived, as to the financial condition of any Loan Party or as to the existence or continuation or possible occurrence or continuation of any Default or Event of Default
and shall not be deemed to have notice or knowledge of such occurrence or continuation unless it has received a notice from the Borrower, any Lender describing such Default or Event of Default clearly labeled “notice of default” (in which
case the Administrative Agent shall promptly give notice of such receipt to all Lenders); 
 and, for each of the items set forth in clauses
(i) through (iv) above, each Lender, Holdings and the Borrower hereby waives and agrees not to assert (and each of Holdings and the Borrower shall cause each other Loan Party to waive and agree not to assert) any right, claim or
cause of action it might have against the Administrative Agent based thereon. 
 Section 10.6 Administrative
Agent Individually. The Administrative Agent and its Affiliates may make loans and other extensions of credit to, acquire Stock and Stock Equivalents of, or engage in any kind of business with, any Loan Party or Affiliate thereof as though it
were not acting as Administrative Agent and may receive separate fees and other payments therefor. To the extent the Administrative Agent or any of its Affiliates makes any Loan or otherwise becomes a Lender hereunder, it shall have and may exercise
the same rights and powers hereunder and shall be subject to the same obligations and liabilities as any other Lender and the terms “Lender” and “Required Lender” and any similar terms shall, except where otherwise expressly
provided in any Loan Document, include, without limitation, the Administrative Agent or such Affiliate, as the case may be, in its individual capacity as Lender or as one of the Required Lenders. 

 

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 Section 10.7 Lender Credit Decision. Each Lender acknowledges that it
shall, independently and without reliance upon the Administrative Agent, any Lender or any of their Related Persons or upon any document (including the Disclosure Documents) solely or in part because such document was transmitted by the
Administrative Agent or any of its Related Persons, conduct its own independent investigation of the financial condition and affairs of each Loan Party and make and continue to make its own credit decisions in connection with entering into, and
taking or not taking any action under, any Loan Document or with respect to any transaction contemplated in any Loan Document, in each case based on such documents and information as it shall deem appropriate. Except for documents expressly required
by any Loan Document to be transmitted by the Administrative Agent to the Lenders, the Administrative Agent shall not have any duty or responsibility to provide any Lender with any credit or other information concerning the business, prospects,
operations, property, financial and other condition or creditworthiness of any Loan Party or any Affiliate of any Loan Party that may come in to the possession of the Administrative Agent or any of its Related Persons. 

Section 10.8 Expenses; Indemnities. (a) Each Lender agrees to reimburse the Administrative Agent and each of its
Related Persons (to the extent not reimbursed by any Loan Party) promptly upon demand for such Lender’s Pro Rata Share with respect to the Facilities of any reasonable out-of-pocket costs and expenses (including fees, charges and disbursements
of financial, legal and other advisors and Other Taxes paid in the name of, or on behalf of, any Loan Party) that may be incurred by the Administrative Agent or any of its Related Persons in connection with the preparation, syndication, execution,
delivery, administration, modification, consent, waiver or enforcement (whether through negotiations, through any work-out, bankruptcy, restructuring or other legal or other proceeding or otherwise) of, or legal advice in respect of its rights or
responsibilities under, any Loan Document. 
 (b) Each Lender further agrees to indemnify the Administrative
Agent and each of its Related Persons (to the extent not reimbursed by any Loan Party), for such Lender’s aggregate Pro Rata Share with respect to the Facilities from and against the Liabilities (including taxes, interests and penalties imposed
for not properly withholding or backup withholding on payments made to on or for the account of any Lender) that may be imposed on, incurred by or asserted against the Administrative Agent or any of its Related Persons to the extent related to or in
its capacity as Administrative Agent, and relating to or arising out of, in connection with or as a result of any Loan Document, any Related Document or any other act, event or transaction related, contemplated in or attendant to any such document,
or, in each case, any action taken or omitted to be taken by the Administrative Agent or any of its Related Persons under or with respect to any of the foregoing; provided, however, that no Lender shall be liable to the Administrative
Agent or any of its Related Persons to the extent such liability has resulted from the gross negligence or willful misconduct of the Administrative Agent or, as the case may be, such Related Person, as determined by a court of competent jurisdiction
in a final non-appealable judgment or order. 
  

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 Section 10.9 Resignation of Administrative Agent. (a) The
Administrative Agent may resign at any time by delivering notice of such resignation to the Lenders and the Borrower, effective on the date set forth in such notice or, if not such date is set forth therein, upon the date such notice shall be
effective. If the Administrative Agent delivers any such notice, the Required Lenders shall have the right to appoint a successor Administrative Agent. If, within 30 days after the retiring Administrative Agent having given notice of resignation, no
successor Administrative Agent has been appointed by the Required Lenders that has accepted such appointment, then the retiring Administrative Agent may, on behalf of the Lenders, appoint a successor Administrative Agent from among the Lenders. Each
appointment under this clause (a) shall be subject to the prior consent of the Borrower, which may not be unreasonably withheld but shall not be required during the continuance of a Default. 

(b) Effective immediately upon its resignation, (i) the retiring Administrative Agent shall be discharged from its
duties and obligations under the Loan Documents, (ii) the Lenders shall assume and perform all of the duties of the Administrative Agent until a successor Administrative Agent shall have accepted a valid appointment hereunder, (iii) the
retiring Administrative Agent and its Related Persons shall no longer have the benefit of any provision of any Loan Document other than with respect to any actions taken or omitted to be taken while such retiring Administrative Agent was, or because
such Administrative Agent had been, validly acting as Administrative Agent under the Loan Documents and (iv) subject to its rights under Section 10.3, the retiring Administrative Agent shall take such action as may be reasonably
necessary to assign to the successor Administrative Agent its rights as Administrative Agent under the Loan Documents. Effective immediately upon its acceptance of a valid appointment as Administrative Agent, a successor Administrative Agent shall
succeed to, and become vested with, all the rights, powers, privileges and duties of the retiring Administrative Agent under the Loan Documents. 

Section 10.10 Release of Collateral or Guarantors. Each Lender hereby consents to the release and hereby directs the
Administrative Agent to release (or, in the case of clause (b)(ii) below, release or subordinate) the following: 

(a) any Subsidiary of the Borrower from its guaranty of any Obligation of any Loan Party if all of the Securities of such
Subsidiary owned by any Group Member are Sold in a Sale permitted under the Loan Documents (including pursuant to a waiver or consent), to the extent that, after giving effect to such Sale, such Subsidiary would not be required to guaranty any
Obligations pursuant to Section 7.10; and 
 (b) any Lien held by the Administrative Agent for the
benefit of the Secured Parties against (i) any Collateral that is Sold by a Loan Party in a Sale permitted by the Loan Documents (including pursuant to a valid waiver or consent), to the extent all Liens required to be granted in such
Collateral pursuant to Section 7.10 after giving effect to such Sale have been granted, (ii) any property subject to a Lien permitted hereunder in reliance upon Section 8.2(d) or (e) and (iii) all of the
Collateral and all Loan Parties, upon (A) termination of the Commitments, (B) payment and satisfaction in full of all Loans and all other Obligations that the Administrative Agent has been notified in writing are then due and payable by
the holder of such Obligation, (C) deposit of cash collateral with respect to all contingent Obligations, in amounts and on terms and conditions and with parties satisfactory to the Administrative Agent and each Indemnitee that is owed such
Obligations and (D) to the extent requested by the Administrative Agent, receipt by the Secured Parties of liability releases from the Loan Parties each in form and substance acceptable to the Administrative Agent. 

 

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 Each Lender hereby directs the Administrative Agent, and the Administrative Agent hereby agrees, upon
receipt of reasonable advance notice from the Borrower, to execute and deliver or file such documents and to perform other actions reasonably necessary to release or subordinate the guaranties and Liens when and as directed in this
Section 10.10. 
 Section 10.11 Additional Secured Parties. The benefit of the provisions of the
Loan Documents directly relating to the Collateral or any Lien granted thereunder shall extend to and be available to any Secured Party that is not a Lender as long as, by accepting such benefits, such Secured Party agrees, as among the
Administrative Agent and all other Secured Parties, that such Secured Party is bound by (and, if requested by the Administrative Agent, shall confirm such agreement in a writing in form and substance acceptable to the Administrative Agent) this
Article X, Section 11.9 (Right of Setoff), Section 11.10 (Sharing of Payments) and Section 11.21 (Confidentiality) and the decisions and actions of the Administrative Agent and the
Required Lenders (or, where expressly required by the terms of this Agreement, a greater proportion of the Lenders) to the same extent a Lender is bound; provided, however, that, notwithstanding the foregoing, (a) such Secured
Party shall be bound by Section 10.8 only to the extent of Liabilities, costs and expenses with respect to or otherwise relating to the Collateral held for the benefit of such Secured Party, in which case the obligations of such Secured
Party thereunder shall not be limited by any concept of Pro Rata Share or similar concept, (b) except as set forth specifically herein, each of the Administrative Agent and the Lenders shall be entitled to act at its sole discretion, without
regard to the interest of such Secured Party, regardless of whether any Obligation to such Secured Party thereafter remains outstanding, is deprived of the benefit of the Collateral, becomes unsecured or is otherwise affected or put in jeopardy
thereby, and without any duty or liability to such Secured Party or any such Obligation and (c) except as set forth specifically herein, such Secured Party shall not have any right to be notified of, consent to, direct, require or be heard with
respect to, any action taken or omitted in respect of the Collateral or under any Loan Document. 
 ARTICLE XI 

MISCELLANEOUS 

Section 11.1 Amendments, Waivers, Etc. (a) No amendment or waiver of any provision of any Loan Document (other
than the Fee Letter and the Control Agreements) and no consent to any departure by any Loan Party therefrom shall be effective unless the same shall be in writing and signed (1) in the case of an amendment, consent or waiver to cure any
ambiguity, omission, defect or inconsistency (to the extent such amendment, consent or waiver would not have a material effect on the Loans or any Lender) or granting a new Lien for the benefit of the Secured Parties or extending an existing Lien
over additional property, by the Administrative Agent and the Borrower, (2) in the case of any other waiver or consent, by the Required Lenders (or by the Administrative Agent with the written consent of the Required Lenders) and (3) in
the case of any other amendment, by the Required Lenders (or by the Administrative Agent with the written consent of the Required Lenders) and the Borrower; provided, however, that no amendment, consent or waiver described in
clause (2) or (3) above shall, unless in writing and signed by each Lender directly affected thereby (or by the Administrative Agent with the consent of such Lender), in addition to any other Person the signature of which is
otherwise required pursuant to any Loan Document, do any of the following: 
 (i) waive any condition specified
in Section 3.1, except any condition referring to any other provision of any Loan Document; 
  

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 (ii) increase the Commitment of such Lender or subject such Lender to any
additional obligation; 
 (iii) reduce (including through release, forgiveness, assignment or otherwise)
(A) the principal amount of, the interest rate on, or any obligation of the Borrower to repay (whether or not on a fixed date), any outstanding Loan owing to such Lender or (B) any fee or accrued interest payable to such Lender;
provided, however, that this clause (iii) does not apply to (x) any change to any provision increasing any interest rate or fee during the continuance of an Event of Default or to any payment of any such increase,
(y) any modification to any financial covenant set forth in Article V or in any definition set forth therein or principally used therein or (z) any change to mandatory prepayments, including those required under
Section 2.8; 
 (iv) waive or postpone any Scheduled Termination Date (other than with respect to
the 30-day extension described in the definition thereof) or other scheduled date fixed for the payment, in whole or in part, of principal of or interest on any Loan or fee owing to such Lender or for the reduction of such Lender’s Commitment;
provided, however, that this clause (iv) does not apply to any waiver or postponement to mandatory prepayments, including those required under Section 2.8; 

(v) except as provided in Section 10.10, release all or substantially all of the Collateral or any Guarantor
from its guaranty of any Obligation of the Borrower; 
 (vi) reduce or increase the proportion of Lenders
required for the Lenders (or any subset thereof) to take any action hereunder or change the definition of the terms “Required Lenders”, “Pro Rata Share” or “Pro Rata Outstandings”; or 

(vii) amend Section 10.10 (Release of Collateral or Guarantor), Section 11.10 (Sharing of Payments) or this
Section 11.1; 
 and provided, further, that (x) no amendment, waiver or consent shall affect the rights or duties under
any Loan Document of, or any payment to, the Administrative Agent (or otherwise modify any provision of Article X or the application thereof) or any SPV that has been granted an option pursuant to Section 11.2(f) unless in
writing and signed by the Administrative Agent or, as the case may be, such SPV in addition to any signature otherwise required and (y) the consent of the Borrower shall not be required to change any order of priority set forth in
Section 2.12. 
 (b) Each waiver or consent under any Loan Document shall be effective only in the
specific instance and for the specific purpose for which it was given. No notice to or demand on any Loan Party shall entitle any Loan Party to any notice or demand in the same, similar or other circumstances. No failure on the part of any Secured
Party to exercise, and no delay in exercising, any right hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right preclude any other or further exercise thereof or the exercise of any other right.

  

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 Section 11.2 Assignments and Participations; Binding Effect.
(a) Binding Effect. This Agreement shall become effective when it shall have been executed by Holdings, the Borrower and the Administrative Agent and when the Administrative Agent shall have been notified by each Lender to be a party
hereto on the Closing Date that such Lender has executed it. Thereafter, it shall be binding upon and inure to the benefit of, but only to the benefit of, Holdings, the Borrower (in each case except for Article X), the Administrative
Agent, each Lender and, to the extent provided in Section 10.11, each other Indemnitee and Secured Party and, in each case, their respective successors and permitted assigns. Except as expressly provided in any Loan Document (including
in Section 10.9), none of Holdings, the Borrower nor the Administrative Agent shall have the right to assign any rights or obligations hereunder or any interest herein. 

(b) Right to Assign. Each Lender may sell, transfer, negotiate or assign all or a portion of its rights and
obligations hereunder (including all or a portion of its Commitments and its rights and obligations with respect to Loans) to (i) any existing Lender, (ii) any Affiliate or Approved Fund of any existing Lender or (iii) any other
Pre-Petition First Lien Lender that is acceptable (which acceptance shall not be unreasonably withheld or delayed) to the Administrative Agent and, as long as no Event of Default is continuing, the Borrower; provided, however, that
(x) the aggregate outstanding principal amount (determined as of the effective date of the applicable Assignment) of the Loans and Commitments subject to any such Sale shall be in a minimum amount of $1,000,000, unless such Sale is made to an
existing Lender or an Affiliate or Approved Fund of any existing Lender, is of the assignor’s (together with its Affiliates and Approved Funds) entire interest or is made with the prior consent of the Borrower and the Administrative Agent and
(y) no such assignment shall be made to any Group Member or any Affiliate of any Group Member. 
 (c)
Procedure. The parties to each Sale made in reliance on clause (b) above (other than those described in clause (e) or (f) below) shall execute and deliver to the Administrative Agent an Assignment via an
electronic settlement system designated by the Administrative Agent (or if previously agreed with the Administrative Agent, via a manual execution and delivery of the assignment) evidencing such Sale, together with any existing Note subject to such
Sale (or any affidavit of loss therefor acceptable to the Administrative Agent), any tax forms required to be delivered pursuant to Section 2.17(f) and payment of an assignment fee in the amount of $3,500, provided that (1) if a
Sale by a Lender is made to an Affiliate or an Approved Fund of such assigning Lender, then no assignment fee shall be due in connection with such Sale, and (2) if a Sale by a Lender is made to an assignee that is not an Affiliate or Approved
Fund of such assignor Lender, and concurrently to one or more Affiliates or Approved Funds of such assignee, then only one assignment fee of $3,500 shall be due in connection with such Sale. Upon receipt of all the foregoing, and conditioned upon
such receipt and, if such assignment is made in accordance with Section 11.2(b)(iii), upon the Administrative Agent (and the Borrower, if applicable) accepting such assignee as provided in clause (b), from and after the effective
date specified in such Assignment, the Administrative Agent shall record or cause to be recorded in the Register the information contained in such Assignment. 
  

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 (d) Effectiveness. Subject to the recording of an Assignment by the
Administrative Agent in the Register pursuant to Section 2.14(b), (i) the assignee thereunder shall become a party hereto and, to the extent that rights and obligations under the Loan Documents have been assigned to such assignee pursuant
to such Assignment, shall have the rights and obligations of a Lender, (ii) any applicable Note shall be transferred to such assignee through such entry and (iii) the assignor thereunder shall, to the extent that rights and obligations
under this Agreement have been assigned by it pursuant to such Assignment, relinquish its rights (except for those surviving the termination of the Commitments and the payment in full of the Obligations) and be released from its obligations under
the Loan Documents, other than those relating to events or circumstances occurring prior to such assignment (and, in the case of an Assignment covering all or the remaining portion of an assigning Lender’s rights and obligations under the Loan
Documents, such Lender shall cease to be a party hereto except that each Lender agrees to remain bound by Article X, Section 11.9 (Right of Setoff) and Section 11.10 (Sharing of Payments) to the
extent provided in Section 10.11 (Additional Secured Parties)). 
 (e) Grant of Security
Interests. In addition to the other rights provided in this Section 11.2, each Lender may grant a security interest in, or otherwise assign as collateral, any of its rights under this Agreement, whether now owned or hereafter
acquired (including rights to payments of principal or interest on the Loans), without notice to the Administrative Agent, to (A) any federal reserve bank (pursuant to Regulation A of the Federal Reserve Board) or (B) any holder of, or
trustee for the benefit of the holders of, such Lender’s Securities; provided, however, that no such holder or trustee, whether because of such grant or assignment or any foreclosure thereon (unless such foreclosure is made
through an assignment in accordance with clause (b) above), shall substitute such holder or trustee for such Lender as a party hereto and no such Lender shall be relieved of any of its obligations hereunder. 

(f) Participants and SPVs. In addition to the other rights provided in this Section 11.2, each Lender
may, (x) with notice to the Administrative Agent, grant to an SPV the option to make all or any part of any Loan that such Lender would otherwise be required to make hereunder (and the exercise of such option by such SPV and the making of Loans
pursuant thereto shall satisfy the obligation of such Lender to make such Loans hereunder) and such SPV may assign to such Lender the right to receive payment with respect to any Obligation and (y) without notice to or consent from the
Administrative Agent or the Borrower, sell participations to one or more Persons in or to all or a portion of its rights and obligations under the Loan Documents (including all its rights and obligations with respect to the Loans); provided,
however, that, whether as a result of any term of any Loan Document or of such grant or participation, (i) no such SPV or participant shall have a commitment, or be deemed to have made an offer to commit, to make Loans hereunder, and,
except as provided in the applicable option agreement, none shall be liable for any obligation of such Lender hereunder, (ii) such Lender’s rights and obligations, and the rights and obligations of the Loan Parties and the Secured Parties
towards such Lender, under any Loan Document shall remain unchanged and each other party hereto shall continue to deal solely with such Lender, which shall remain the holder of the Obligations in the Register, except that (A) each such
participant and SPV shall be entitled to the benefit of Section 2.17 (Taxes), but only to the extent such participant or SPV delivers the tax forms such Lender is required to collect pursuant to Section 2.17(f) and
then only to the extent of any amount to which such Lender would be entitled in the absence of any such grant or participation and (B) each such SPV may receive other payments that would otherwise be made to such Lender with respect to Loans
funded by such SPV to the extent provided in the applicable option agreement and set forth in a notice provided to the Administrative Agent by such SPV and such Lender, provided, however, that in no case (including pursuant to
clause (A) or (B) above) shall an SPV or participant have the right to enforce any of the terms of any Loan Document, and (iii) the consent of such SPV or participant shall not be required (either directly, as a
restraint on such Lender’s ability to consent hereunder or otherwise) for any amendments, waivers or consents with respect to any Loan Document or to exercise or refrain from exercising any powers or rights such Lender may have under or in
respect of the Loan Documents (including the right to enforce or direct enforcement of the Obligations), except for those described in clauses (iii) and (iv) of Section 11.1(a) with respect to amounts, or dates
fixed for payment of amounts, to which such participant or SPV would otherwise be entitled and, in the case of participants, except for those described in Section 11.1(a)(v) (or amendments, consents and waivers with respect to
Section 10.10 to release all or substantially all of the Collateral). No party hereto shall institute (and each of Borrower and Holdings shall cause each other Loan Party not to institute) against any SPV grantee of an option pursuant to
this clause (f) any bankruptcy, reorganization, insolvency, liquidation or similar proceeding, prior to the date that is one year and one day after the payment in full of all outstanding commercial paper of such SPV; provided, however,
that each Lender having designated an SPV as such agrees to indemnify each Indemnitee against any Liability that may be incurred by, or asserted against, such Indemnitee as a result of failing to institute such proceeding (including a failure to get
reimbursed by such SPV for any such Liability). The agreement in the preceding sentence shall survive the termination of the Commitments and the payment in full of the Obligations. 

 

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 Section 11.3 [Reserved.] 

Section 11.4 Costs and Expenses. Any action taken by any Loan Party under or with respect to any
Loan Document, even if required under any Loan Document or at the request of any Secured Party, shall be at the expense of such Loan Party, and no Secured Party shall be required under any Loan Document to reimburse any Loan Party or Group Member
therefore, except as expressly provided therein. In addition, except as expressly provided herein, the Borrower agrees to pay or reimburse upon demand (a) the Administrative Agent for all reasonable out-of-pocket costs and expenses incurred by
it or any of its Related Persons in connection with the investigation, development, preparation, negotiation, syndication, execution, interpretation or administration of, any modification of any term of or termination of, any Loan Document, any
commitment or proposal letter therefor, any other document prepared in connection therewith or the consummation and administration of any transaction contemplated therein (including periodic audits in connection therewith and environmental audits
and assessments), in each case including the reasonable fees, charges and disbursements of legal counsel to the Administrative Agent or such Related Persons, fees, costs and expenses incurred in connection with
Intralinks® or any other E-System and allocated to the Facilities by the Administrative Agent in its sole
discretion and fees, charges and disbursements of the auditors, appraisers, printers and other of their Related Persons retained by or on behalf of any of them or any of their Related Persons, (b) the Administrative Agent for all reasonable
costs and expenses incurred by it or any of its Related Persons in connection with internal audit reviews, field examinations and Collateral examinations (which shall be reimbursed, in addition to the out-of-pocket costs and expenses of such
examiners, at the per diem rate per individual charged by the Administrative Agent for its examiners) and (c) each of the Administrative Agent, its Related Persons, and each Lender for all costs and expenses incurred in connection with
(i) the enforcement or preservation of any right or remedy under any Loan Document, any Obligation, with respect to the Collateral or any other related right or remedy or (ii) the commencement, defense, conduct of, intervention in, or the
taking of any other action with respect to, any proceeding (including any bankruptcy or insolvency proceeding) related to any Group Member, Loan Document or Obligation (or the response to and preparation for any subpoena or request for document
production relating thereto), including fees and disbursements of counsel (including allocated costs of internal counsel). 
  

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 Section 11.5 Indemnities. (a) To the extent permitted by applicable
law, the Borrower agrees to indemnify, hold harmless and defend the Administrative Agent, each Lender and each of their respective Related Persons (each such Person being an “Indemnitee”) from and against all Liabilities (including
brokerage commissions, fees and other compensation) that may be imposed on, incurred by or asserted against any such Indemnitee in any matter relating to or arising out of, in connection with or as a result of (i) any Loan Document, any
Disclosure Document, any Obligation (or the repayment thereof), the use or intended use of the proceeds of any Loan or any securities filing of, or with respect to, any Group Member, (ii) any commitment letter, proposal letter or term sheet
with any Person or any Contractual Obligation, arrangement or understanding with any broker, finder or consultant, in each case entered into by or on behalf of any Group Member or any Affiliate of any of them in connection with any of the foregoing
and any Contractual Obligation entered into in connection with any E-Systems or other Electronic Transmissions, (iii) any actual or prospective investigation, litigation or other proceeding, whether or not brought by any Group Member, any such
Indemnitee or any of its Related Persons, any holders of Securities or creditors (and including attorneys’ fees in any case), whether or not any such Group Member, Indemnitee, Related Person, holder or creditor is a party thereto, and whether
or not based on any securities or commercial law or regulation or any other Requirement of Law or theory thereof, including common law, equity, contract, tort or otherwise, or (iv) any other act, event or transaction related, contemplated in or
attendant to any of the foregoing (collectively, the “Indemnified Matters”); provided, however, that the Borrower shall not have any liability under this Section 11.5 to any Indemnitee with respect to any
Indemnified Matter, and no Indemnitee shall have any liability with respect to any Indemnified Matter other than (to the extent otherwise liable), to the extent such liability has resulted primarily from the gross negligence or willful misconduct of
such Indemnitee, as determined by a court of competent jurisdiction in a final non-appealable judgment or order. Furthermore, each of Holdings and the Borrower, to the extent permitted by applicable law, waives and agrees not to assert against any
Indemnitee, and shall cause each other Loan Party to waive and not assert against any Indemnitee, any right of contribution with respect to any Liabilities that may be imposed on, incurred by or asserted against any Related Person. 

(b) Without limiting the foregoing, “Indemnified Matters” includes all Environmental Liabilities,
including those arising from, or otherwise involving, any property of any Group Member or any actual, alleged or prospective damage to property or natural resources or harm or injury alleged to have resulted from any Release of Hazardous Materials
on, upon or into such property or natural resource or any property on or contiguous to any real property of any Group Member, whether or not, with respect to any such Environmental Liabilities, any Indemnitee is a mortgagee pursuant to any leasehold
mortgage, a mortgagee in possession, the successor-in-interest to any Group Member or the owner, lessee or operator of any property of any Group Member through any foreclosure action, in each case except to the extent such Environmental Liabilities
(i) are incurred solely following foreclosure by any Secured Party or following any Secured Party having become the successor-in-interest to any Loan Party and (ii) are attributable solely to acts of such Indemnitee. 

 

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 Section 11.6 Survival. Any indemnification or other protection provided
to any Indemnitee pursuant to any Loan Document (including pursuant to Section 2.17 (Taxes), Section 2.16 (Capital Requirements), Article X (The Administrative Agent), Section 11.4
(Costs and Expenses), Section 11.5 (Indemnities) or this Section 11.6) and all representations and warranties made in any Loan Document shall (A) survive the termination of the Commitments and the payment
in full of other Obligations and (B) inure to the benefit of any Person that at any time held a right thereunder (as an Indemnitee or otherwise) and, thereafter, its successors and permitted assigns. 

Section 11.7 Limitation of Liability for Certain Damages. In no event shall any Indemnitee be liable on any theory of
liability for any special, indirect, consequential or punitive damages (including any loss of profits, business or anticipated savings). Each of Holdings and the Borrower hereby waives, releases and agrees (and shall cause each other Loan Party to
waive, release and agree) not to sue upon any such claim for any special, indirect, consequential or punitive damages, whether or not accrued and whether or not known or suspected to exist in its favor. 

Section 11.8 Lender-Creditor Relationship. The relationship between the Lenders and the Administrative Agent, on the
one hand, and the Loan Parties, on the other hand, is solely that of lender and creditor. No Secured Party has any fiduciary relationship or duty to any Loan Party arising out of or in connection with, and there is no agency, tenancy or joint
venture relationship between the Secured Parties and the Loan Parties by virtue of, any Loan Document or any transaction contemplated therein. 

Section 11.9 Right of Setoff. Each of the Administrative Agent, each Lender and each Affiliate (including each branch
office thereof) of any of them is hereby authorized, without notice or demand (each of which is hereby waived by Holdings and the Borrower), at any time and from time to time during the continuance of any Event of Default and to the fullest extent
permitted by applicable Requirements of Law, to set off and apply any and all deposits (whether general or special, time or demand, provisional or final) at any time held and other Indebtedness, claims or other obligations at any time owing by the
Administrative Agent, such Lender or any of their respective Affiliates to or for the credit or the account of Holdings or the Borrower against any Obligation of any Loan Party now or hereafter existing, whether or not any demand was made under any
Loan Document with respect to such Obligation and even though such Obligation may be unmatured. Each of the Administrative Agent and each Lender agrees promptly to notify the Borrower and the Administrative Agent after any such setoff and
application made by such Lender or its Affiliates; provided, however, that the failure to give such notice shall not affect the validity of such setoff and application. The rights under this Section 11.9 are in addition to
any other rights and remedies (including other rights of setoff) that the Administrative Agent, the Lenders and their respective Affiliates and other Secured Parties may have. 

Section 11.10 Sharing of Payments, Etc. If any Lender, directly or through an Affiliate or branch office thereof,
obtains any payment of any Obligation of any Loan Party (whether voluntary, involuntary or through the exercise of any right of setoff or the receipt of any Collateral or “proceeds” (as defined under the applicable UCC) of
Collateral) other than pursuant to Sections 2.16 (Breakage Costs; Increased Costs; Capital Requirements), 2.17 (Taxes) and 2.18 (Substitution of Lenders) and such payment exceeds the amount such Lender
would have been entitled to receive if all payments had gone to, and been distributed by, the Administrative Agent in accordance with the provisions of the Loan Documents, such Lender shall purchase for cash from other Secured Parties such
participations in their Obligations as necessary for such Lender to share such excess payment with such Secured Parties to ensure such payment is applied as though it had been received by the Administrative Agent and applied in accordance with this
Agreement (or, if such application would then be at the discretion of the Borrower, applied to repay the Obligations in accordance herewith); provided, however, that (a) if such payment is rescinded or otherwise recovered from
such Lender in whole or in part, such purchase shall be rescinded and the purchase price therefor shall be returned to such Lender without interest and (b) such Lender shall, to the fullest extent permitted by applicable Requirements of Law, be
able to exercise all its rights of payment (including the right of setoff) with respect to such participation as fully as if such Lender were the direct creditor of the Borrower in the amount of such participation. 

 

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 Section 11.11 Marshaling; Payments Set Aside. No Secured Party shall be
under any obligation to marshal any property in favor of any Loan Party or any other party or against or in payment of any Obligation. To the extent that any Secured Party receives a payment from the Borrower, from the proceeds of the Collateral,
from the exercise of its rights of setoff, any enforcement action or otherwise, and such payment is subsequently, in whole or in part, invalidated, declared to be fraudulent or preferential, set aside or required to be repaid to a trustee, receiver
or any other party, then to the extent of such recovery, the obligation or part thereof originally intended to be satisfied, and all Liens, rights and remedies therefor, shall be revived and continued in full force and effect as if such payment had
not occurred. 
 Section 11.12 Notices. (a) Addresses. All notices, demands,
requests, directions and other communications required or expressly authorized to be made by this Agreement shall, whether or not specified to be in writing but unless otherwise expressly specified to be given by any other means, be given in writing
and (i) addressed to (A) if to Holdings or the Borrower, to Medical Staffing Network, Inc., 901 Yamato Road, Suite 110, Boca Raton, Florida 33431, Attention: Kevin Little, Tel: (561) 322-1301, Fax: (561) 322-1201, with copy to
(x) Akerman Senterfitt, One Southeast Third Avenue,
25th Floor, Miami, Florida 33131, Attention: Philip B.
Schwartz, Esq. and Kim Hines, Esq., Tel: (561) 671-3610, Fax: (561) 659-6313 and (y) Berger Singerman, 200 South Biscayne Boulevard, Suite 1000, Miami, Florida, 33131, Attention: Paul Steven Singerman, Esq. and Jordi Guso, Esq., Tel.:
(305) 755-9500, Fax: (305) 714-4340, and (B) if to the Administrative Agent, to General Electric Capital Corporation, 2 Bethesda Metro Center, Suite 600, Bethesda, Maryland 20814, Attention: Medical Staffing Network Account Manager,
Tel: (301) 664-9872, Fax: (866) 206-5048, with copy to General Electric Capital Corporation, 2 Bethesda Metro Center, Suite 600, Bethesda, Maryland 20814, Attention: General Counsel, Tel: (301) 634-3260, Fax: (301) 664-9866 and
(C) otherwise to the party to be notified at its address specified opposite its name on Schedule II to the Existing Credit Agreement or on the signature page of any applicable Assignment, (ii) posted to
Intralinks® (to the extent such system is available and set up by or at the direction of the Administrative
Agent prior to posting) in an appropriate location by uploading such notice, demand, request, direction or other communication to www.intralinks.com, faxing it to (866) 545-6600 with an appropriate bar-coded fax coversheet or using such other
means of posting to Intralinks® as may be available and reasonably acceptable to the Administrative Agent prior
to such posting, (iii) posted to any other E-System set up by or at the direction of the Administrative Agent in an appropriate location or (iv) addressed to such other address as shall be notified in writing (A) in the case of the
Borrower, the Administrative Agent, to the other parties hereto and (B) in the case of all other parties, to the Borrower and the Administrative Agent. Transmission by electronic mail (including E-Fax, even if transmitted to the fax numbers set
forth in clause (i) above) shall not be sufficient or effective to transmit any such notice under this clause (a) unless such transmission is an available means to post to any E-System. 

 

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

Section 11.13 Electronic Transmissions. (a) Authorization. Subject to the provisions of
Section 11.12(a), each of the Administrative Agent, the Borrower and the Lenders and each of their Related Persons is authorized (but not required) to transmit, post or otherwise make or communicate, in its sole discretion, Electronic
Transmissions in connection with any Loan Document and the transactions contemplated therein. Each of Holdings, the Borrower and each Secured Party hereby acknowledges and agrees, and each of Holdings and the Borrower shall cause each other Group
Member to acknowledge and agree, that the use of Electronic Transmissions is not necessarily secure and that there are risks associated with such use, including risks of interception, disclosure and abuse and each indicates it assumes and accepts
such risks by hereby authorizing the transmission of Electronic Transmissions. 
 (b) Signatures. Subject
to the provisions of Section 11.12(a), (i)(A) no posting to any E-System shall be denied legal effect merely because it is made electronically, (B) each E-Signature on any such posting shall be deemed sufficient to satisfy any
requirement for a “signature” and (C) each such posting shall be deemed sufficient to satisfy any requirement for a “writing”, in each case including pursuant to any Loan Document, any applicable provision of any UCC, the
federal Uniform Electronic Transactions Act, the Electronic Signatures in Global and National Commerce Act and any substantive or procedural Requirement of Law governing such subject matter, (ii) each such posting that is not readily capable of
bearing either a signature or a reproduction of a signature may be signed, and shall be deemed signed, by attaching to, or logically associating with such posting, an E-Signature, upon which each Secured Party and Loan Party may rely and assume the
authenticity thereof, (iii) each such posting containing a signature, a reproduction of a signature or an E-Signature shall, for all intents and purposes, have the same effect and weight as a signed paper original and (iv) each party
hereto or beneficiary hereto agrees not to contest the validity or enforceability of any posting on any E-System or E-Signature on any such posting under the provisions of any applicable Requirement of Law requiring certain documents to be in
writing or signed; provided, however, that nothing herein shall limit such party’s or beneficiary’s right to contest whether any posting to any E-System or E-Signature has been altered after transmission. 

(c) Separate Agreements. All uses of an E-System shall be governed by and subject to, in addition to
Section 11.12 and this Section 11.13, separate terms and conditions posted or referenced in such E-System and related Contractual Obligations executed by Secured Parties and Group Members in connection with the use of such
E-System. 
  

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 (d) Limitation of Liability. All E-Systems and Electronic
Transmissions shall be provided “as is” and “as available”. None of Administrative Agent or any of its Related Persons warrants the accuracy, adequacy or completeness of any E-Systems or Electronic Transmission, and each
disclaims all liability for errors or omissions therein. No warranty of any kind is made by the Administrative Agent or any of its Related Persons in connection with any E-Systems or Electronic Transmission, including any warranty of
merchantability, fitness for a particular purpose, non-infringement of third-party rights or freedom from viruses or other code defects. Each of Holdings, the Borrower and each Secured Party agrees (and each of Holdings and the Borrower shall cause
each other Loan Party to agree) that the Administrative Agent has no responsibility for maintaining or providing any equipment, software, services or any testing required in connection with any Electronic Transmission or otherwise required for any
E-System. 
 Section 11.14 Governing Law. This Agreement, each other Loan Document that does not expressly
set forth its applicable law, and the rights and obligations of the parties hereto and thereto shall be governed by, and construed and interpreted in accordance with, the law of the State of New York. 

Section 11.15 Jurisdiction. (a) Submission to Jurisdiction. Any legal action or proceeding with respect to
any Loan Document may be brought in the Bankruptcy Court or, if the Bankruptcy Court does not have or does not exercise jurisdiction, the courts of the State of New York located in the City of New York, Borough of Manhattan, or of the United States
of America for the Southern District of New York and, by execution and delivery of this Agreement, each of the parties hereto hereby accepts for itself and in respect of its property, generally and unconditionally, the jurisdiction of the aforesaid
courts. The parties hereto (and, to the extent set forth in any other Loan Document, each other Loan Party) hereby irrevocably waive any objection, including any objection to the laying of venue or based on the grounds of forum non
conveniens, that any of them may now or hereafter have to the bringing of any such action or proceeding in such jurisdictions. 

(b) Service of Process. Each of Holdings and Borrower (and, to the extent set forth in any other Loan Document,
each other Loan Party) hereby irrevocably waives personal service of any and all legal process, summons, notices and other documents and other service of process of any kind and consents to such service in any suit, action or proceeding brought in
the United States of America with respect to or otherwise arising out of or in connection with any Loan Document by any means permitted by applicable Requirements of Law, including by the mailing thereof (by registered or certified mail, postage
prepaid) to the address of Borrower specified in Section 11.12 (and shall be effective when such mailing shall be effective, as provided therein). Each of Holdings and the Borrower (and, to the extent set forth in any other Loan
Document, each other Loan Party) agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. 

(c) Non-Exclusive Jurisdiction. Nothing contained in this Section 11.15 shall affect the right of the
Administrative Agent or any Lender to serve process in any other manner permitted by applicable Requirements of Law or commence legal proceedings or otherwise proceed against any Loan Party in any other jurisdiction. 

 

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 Section 11.16 Waiver of Jury Trial. Each party hereto hereby irrevocably
waives trial by jury in any suit, action or proceeding with respect to, or directly or indirectly arising out of, under or in connection with, any Loan Document or the transactions contemplated therein or related thereto (whether founded in
contract, tort or any other theory). Each party hereto (A) certifies that no other party and no Related Person of any other party has represented, expressly or otherwise, that such other party would not, in the event of litigation, seek to
enforce the foregoing waiver and (B) acknowledges that it and the other parties hereto have been induced to enter into the Loan Documents, as applicable, by the mutual waivers and certifications in this Section 11.16. 

Section 11.17 Severability. Any provision of any Loan Document being held illegal, invalid or unenforceable in any
jurisdiction shall not affect any part of such provision not held illegal, invalid or unenforceable, any other provision of any Loan Document or any part of such provision in any other jurisdiction. 

Section 11.18 Execution in Counterparts. This Agreement may be executed in any number of counterparts and by different
parties in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Signature pages may be detached from multiple separate counterparts and
attached to a single counterpart. Delivery of an executed signature page of this Agreement by facsimile transmission or Electronic Transmission shall be as effective as delivery of a manually executed counterpart hereof. 

Section 11.19 Entire Agreement. The Loan Documents embody the entire agreement of the parties and supersede all prior
agreements and understandings relating to the subject matter thereof and any prior letter of interest, commitment letter, fee letter, and confidentiality and similar agreements involving any Loan Party and any of the Administrative Agent or any
Lender or any of their respective Affiliates relating to a financing of substantially similar form, purpose or effect. In the event of any conflict between the terms of this Agreement and any other Loan Document, the terms of this Agreement shall
govern (unless such terms of such other Loan Documents are necessary to comply with applicable Requirements of Law, in which case such terms shall govern to the extent necessary to comply therewith). 

Section 11.20 Use of Name. Each of Holdings and the Borrower agrees, and shall cause each other Loan Party to agree,
that it shall not, and none of its Affiliates shall, issue any press release or other public disclosure (other than any document filed with any Governmental Authority relating to a public offering of the Securities of any Loan Party) using the name,
logo or otherwise referring to GE Capital or of any of its Affiliates, the Loan Documents or any transaction contemplated therein to which the Secured Parties are party without at least 2 Business Days’ prior notice to GE Capital and
without the prior consent of GE Capital except to the extent required to do so under applicable Requirements of Law and then, only after consulting with GE Capital prior thereto; provided that such consultation shall not be required for filing
documents with the Securities and Exchange Commission. 
 Section 11.21 Non-Public Information;
Confidentiality. (a) Each Lender acknowledges and agrees that it may receive material non-public information hereunder concerning the Loan Parties and their Affiliates and Securities and agrees to use such information in compliance with all
relevant policies, procedures and Contractual Obligations and applicable Requirements of Laws (including United States federal and state security laws and regulations). 
  

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 (b) Each Lender and the Administrative Agent agrees to use all reasonable
efforts to maintain, in accordance with its customary practices, the confidentiality of information obtained by it pursuant to any Loan Document and designated in writing by any Loan Party as confidential, except that such information may be
disclosed (i) with the Borrower’s consent, (ii) to Related Persons of such Lender or the Administrative Agent, as the case may be, that are advised of the confidential nature of such information and are instructed to keep such
information confidential, (iii) to the extent such information presently is or hereafter becomes available to such Lender or the Administrative Agent, as the case may be, on a non-confidential basis from a source other than any Loan Party,
(iv) to the extent disclosure is required by applicable Requirements of Law or other legal process or requested or demanded by any Governmental Authority, (v) to the extent necessary or customary for inclusion in league table measurements
or in any tombstone or other advertising materials (and the Loan Parties consent to the publication of such tombstone or other advertising materials by the Administrative Agent, any Lender or any of their Related Persons), (vi) to the National
Association of Insurance Commissioners or any similar organization, any examiner or any nationally recognized rating agency or otherwise to the extent consisting of general portfolio information that does not identify borrowers, (vii) to
current or prospective assignees, SPV grantees of any option described in Section 11.2(f) or participants, direct or contractual counterparties to any Hedging Agreement permitted hereunder and to their respective Related Persons, in each
case to the extent such assignees, participants, counterparties or Related Persons agree to be bound by provisions substantially similar to the provisions of this Section 11.21 and (viii) in connection with the exercise of any
remedy under any Loan Document. In the event of any conflict between the terms of this Section 11.21 and those of any other Contractual Obligation entered into with any Loan Party (whether or not a Loan Document), the terms of this
Section 11.21 shall govern. 
 Section 11.22 Patriot Act Notice. Each Lender subject to the USA
Patriot Act of 2001 (31 U.S.C. §§ 5318 et seq.) hereby notifies the Borrower that, pursuant to Section 326 thereof, it is required to obtain, verify and record information that identifies the Borrower, including the name and address
of the Borrower and other information allowing such Lender to identify the Borrower in accordance with such act. 

Section 11.23 Releasing and Released Parties. The Borrower and each Guarantor hereby acknowledge, effective upon entry
of the Interim Order, that the Borrower and such Guarantor and any of their respective Subsidiaries have no defense, counterclaim, offset, recoupment, cross-complaint, claim or demand of any kind or nature whatsoever that can be asserted to reduce
or eliminate all or any part of the Borrower’s or such Guarantor’s or their respective Subsidiaries’ liability to repay the Administrative Agent or any Lender as provided in this Agreement or to seek affirmative relief or damages of
any kind or nature from the Administrative Agent or any Lender (in their respective capacities as such). The Borrower and each Guarantor, in each case on behalf of their respective bankruptcy estates, and on behalf of all their respective
successors, assigns, Subsidiaries and any Affiliates and any Person acting for and on behalf of, or claiming through the Borrower or such Guarantor (collectively, the “Releasing Parties”), hereby fully, finally and forever releases
and discharges the Administrative Agent and the Lenders (solely in their respective capacities as such as not as Pre-Petition Lenders) and all of the Administrative Agent’s and the Lenders’ past and present officers, directors, servants,
agents, attorneys, other professionals, assigns, heirs, parents, subsidiaries, and each Person acting for or on behalf of any of them (collectively, the “Released Parties”) of and from any and all past and present actions, causes of
action, demands, suits, claims, liabilities, Liens, lawsuits, adverse consequences, amounts paid in settlement, costs, damages, debts, deficiencies, diminution in value, disbursements, expenses, losses and other obligations of any kind or nature
whatsoever, whether in law, equity or otherwise (including, without limitation, those arising under Sections 541 through 550 of the Bankruptcy Code and interest or other carrying costs, penalties, legal, accounting and other professional fees and
expenses, and incidental, consequential and punitive damages payable to third parties), whether known or unknown, fixed or contingent, direct, indirect, or derivative, asserted or unasserted, foreseen or unforeseen, suspected or unsuspected, now
existing, heretofore existing or which may heretofore accrue against any of the Released Parties, whether held in a personal or representative capacity, and which are based on any act, fact, event or omission or other matter, cause or thing
occurring at or from any time prior to and including the date hereof in any way, directly or indirectly arising out of, connected with or relating to this Agreement, the Final Order, and the transactions contemplated thereby and all other
agreements, certificates, instruments and other documents and statements (whether written or oral) related to any of the foregoing. 
  

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 Section 11.24 Parties Including Trustees; Bankruptcy Court Proceedings.
This Agreement, the other Loan Documents, and all Liens and other rights and privileges created hereby or pursuant hereto or to any other Loan Document shall be binding upon each Loan Party, the estate of each Debtor, and any trustee, other estate
representative or any successor in interest of any Debtor in any Case or any subsequent case commenced under Chapter 7 of the Bankruptcy Code, and shall not be subject to Section 365 of the Bankruptcy Code. This Agreement and the other
Loan Documents shall be binding upon, and inure to the benefit of, the successors of the Administrative Agent and Lenders and their respective assigns, transferees and endorsees. The Liens created by this Agreement and the other Loan Documents shall
be and remain valid and perfected in the event of the substantive consolidation or conversion of any Case or any other bankruptcy case of any Loan Party to a case under Chapter 7 of the Bankruptcy Code or in the event of dismissal of any Case
or the release of any Collateral from the jurisdiction of the Bankruptcy Court for any reason, without the necessity that the Administrative Agent file financing statements or otherwise perfect its Liens under applicable law. No Loan Party may
assign, transfer, hypothecate or otherwise convey its rights, benefits, obligations or duties hereunder or under any of the other Loan Documents without the prior express written consent of the Administrative Agent and Lenders. Any such purported
assignment, transfer, hypothecation or other conveyance by any Loan Party without the prior express written consent of the Administrative Agent and Lenders shall be void. The terms and provisions of this Agreement are for the purpose of defining the
relative rights and obligations of each Loan Party, Administrative Agent and Lenders with respect to the transactions contemplated hereby and no Person shall be a third party beneficiary of any of the terms and provisions of this Agreement or any of
the other Loan Documents. 
 Section 11.25 No Implied Waivers. Except as expressly provided in any Loan
Document, this Agreement is limited as written and is not a consent to any other modification of any term or condition of any Loan Document, each of which shall remain in full force and effect. 

[SIGNATURE PAGES FOLLOW] 
  

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

			
	 MEDICAL STAFFING NETWORK, INC., AS BORROWER

		
	By:	 	 /s/ Kevin Little

	Name:	 	Kevin Little
	Title:	 	President
	
	 MEDICAL STAFFING HOLDINGS, LLC, AS HOLDINGS

		
	By:	 	 MEDICAL STAFFING NETWORK HOLDINGS, INC., its Sole Member

		
	By:	 	 /s/ Kevin Little

	Name:	 	Kevin Little
	Title:	 	President
	
	 MEDICAL STAFFING NETWORK HOLDINGS, INC., AS HOLDINGS

		
	By:	 	 /s/ Kevin Little

	Name:	 	Kevin Little
	Title:	 	President

					
	 GENERAL ELECTRIC CAPITAL

        CORPORATION, AS ADMINISTRATIVE

        AGENT AND LENDER

		
	By:	 	 /s/ Jennifer Aghazadeh

	Name:	 	 Jennifer Aghazadeh

Duly Authorized Signatory

	Title:	 

			
	
	 GE CAPITAL MARKETS, INC., AS SOLE

      LEAD ARRANGER AND SOLE

      BOOKRUNNER

		
	By:	 	 /s/ Jennifer Aghazadeh

	Name:	 	Jennifer Aghazadeh
	Title:	 	Duly Authorized Signatory

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