Document:

EX-10.1

 Exhibit 10.1 

Execution Version 
  

 
  

 
 CLASS A-1 NOTE PURCHASE
AGREEMENT 
 (SERIES 2019-3 CLASS A-1 NOTES) 

dated as of December 11, 2019 

among 
 DRIVEN BRANDS FUNDING,
LLC, 
 as the Issuer, 
 DRIVEN
FUNDING HOLDCO, LLC, DRIVEN SYSTEMS LLC, 
 DRIVEN PRODUCT SOURCING LLC,
1-800-RADIATOR PRODUCT SOURCING LLC, 
 1-800-RADIATOR FRANCHISOR SPV LLC, 
 MEINEKE FRANCHISOR SPV LLC,
MAACO FRANCHISOR SPV LLC, 
 ECONO LUBE FRANCHISOR SPV LLC, DRIVE N STYLE FRANCHISOR SPV LLC, CARSTAR FRANCHISOR SPV LLC, TAKE 5 FRANCHISOR
SPV LLC, TAKE 5 PROPERTIES SPV LLC, ABRA FRANCHISOR SPV LLC and 
 MERLIN FRANCHISOR SPV LLC, 

each as a Guarantor, 
 DRIVEN
BRANDS, INC., 
 as Manager, 

CERTAIN CONDUIT INVESTORS, 
 each
as a Conduit Investor, 
 CERTAIN FINANCIAL INSTITUTIONS, 

each as a Committed Note Purchaser, 

CERTAIN FUNDING AGENTS, 
 BARCLAYS
BANK PLC, NEW YORK BRANCH 
 as L/C Provider, 

BARCLAYS BANK PLC, 
 as Swingline
Lender, 
 and 
 BARCLAYS BANK
PLC, 
 as Administrative Agent 
  

 
  

 TABLE OF CONTENTS 

 

							
	 ARTICLE I DEFINITIONS
	  	 	2	 
	 SECTION 1.01
	 	Definitions	  	 	2	 
		
	 ARTICLE II PURCHASE AND SALE OF SERIES 2019-3
CLASS A-1 NOTES
	  	 	2	 
	 SECTION 2.01
	 	The Initial Advance Notes	  	 	2	 
	 SECTION 2.02
	 	Advances	  	 	2	 
	 SECTION 2.03
	 	Borrowing Procedures	  	 	4	 
	 SECTION 2.04
	 	The Series 2019-3 Class A-1 Notes	  	 	6	 
	 SECTION 2.05
	 	Reduction in Commitments	  	 	7	 
	 SECTION 2.06
	 	Swingline Commitment	  	 	9	 
	 SECTION 2.07
	 	L/C Commitment	  	 	11	 
	 SECTION 2.08
	 	L/C Reimbursement Obligations	  	 	15	 
	 SECTION 2.09
	 	L/C Participations	  	 	16	 
		
	 ARTICLE III INTEREST AND FEES
	  	 	18	 
	 SECTION 3.01
	 	Interest	  	 	18	 
	 SECTION 3.02
	 	Fees	  	 	19	 
	 SECTION 3.03
	 	Eurodollar Lending Unlawful	  	 	19	 
	 SECTION 3.04
	 	Deposits Unavailable	  	 	20	 
	 SECTION 3.05
	 	Increased Costs, etc	  	 	21	 
	 SECTION 3.06
	 	Funding Losses	  	 	22	 
	 SECTION 3.07
	 	Increased Capital or Liquidity Costs	  	 	22	 
	 SECTION 3.08
	 	Taxes	  	 	23	 
	 SECTION 3.09
	 	Change of Lending Office	  	 	25	 
		
	 ARTICLE IV OTHER PAYMENT TERMS
	  	 	26	 
	 SECTION 4.01
	 	Time and Method of Payment	  	 	26	 
	 SECTION 4.02
	 	Order of Distributions	  	 	26	 
	 SECTION 4.03
	 	L/C Cash Collateral	  	 	27	 
	 SECTION 4.04
	 	Alternative Arrangements with Respect to Letters of Credit	  	 	27	 
		
	 ARTICLE V THE ADMINISTRATIVE AGENT AND THE FUNDING AGENTS
	  	 	28	 
	 SECTION 5.01
	 	Authorization and Action of the Administrative Agent	  	 	28	 
	 SECTION 5.02
	 	Delegation of Duties	  	 	28	 
	 SECTION 5.03
	 	Exculpatory Provisions	  	 	28	 
	 SECTION 5.04
	 	Reliance	  	 	29	 
	 SECTION 5.05
	 	Non-Reliance on the Administrative Agent and Other Purchasers	  	 	29	 
	 SECTION 5.06
	 	The Administrative Agent in its Individual Capacity	  	 	29	 
	 SECTION 5.07
	 	Successor Administrative Agent; Defaulting Administrative Agent	  	 	29	 
	 SECTION 5.08
	 	Authorization and Action of Funding Agents	  	 	30	 
	 SECTION 5.09
	 	Delegation of Duties	  	 	31	 
	 SECTION 5.10
	 	Exculpatory Provisions	  	 	31	 
	 SECTION 5.11
	 	Reliance	  	 	31	 
	 SECTION 5.12
	 	Non-Reliance on the Funding Agent and Other Purchasers	  	 	31	 
	 SECTION 5.13
	 	The Funding Agent in its Individual Capacity	  	 	32	 
	 SECTION 5.14
	 	Successor Funding Agent	  	 	32	 
		
	 ARTICLE VI REPRESENTATIONS AND WARRANTIES
	  	 	32	 
	 SECTION 6.01
	 	The Issuer and Guarantors	  	 	32	 
	 SECTION 6.02
	 	The Manager	  	 	34	 

  
 i 

							
	 SECTION 6.03
	 	Lender Parties	  	 	34	 
		
	 ARTICLE VII CONDITIONS
	  	 	35	 
	 SECTION 7.01
	 	Conditions to Issuance and Effectiveness	  	 	35	 
	 SECTION 7.02
	 	Conditions to Initial Extensions of Credit	  	 	36	 
	 SECTION 7.03
	 	Conditions to Each Extension of Credit	  	 	36	 
		
	 ARTICLE VIII COVENANTS
	  	 	37	 
	 SECTION 8.01
	 	Covenants	  	 	37	 
		
	 ARTICLE IX MISCELLANEOUS PROVISIONS
	  	 	39	 
	 SECTION 9.01
	 	Amendments	  	 	39	 
	 SECTION 9.02
	 	No Waiver; Remedies	  	 	40	 
	 SECTION 9.03
	 	Binding on Successors and Assigns	  	 	40	 
	 SECTION 9.04
	 	Survival of Agreement	  	 	41	 
	 SECTION 9.05
	 	Payment of Costs and Expenses; Indemnification	  	 	41	 
	 SECTION 9.06
	 	Characterization as Transaction Document; Entire Agreement	  	 	43	 
	 SECTION 9.07
	 	Notices	  	 	43	 
	 SECTION 9.08
	 	Severability of Provisions	  	 	43	 
	 SECTION 9.09
	 	Tax Characterization	  	 	44	 
	 SECTION 9.10
	 	No Proceedings; Limited Recourse	  	 	44	 
	 SECTION 9.11
	 	Confidentiality	  	 	45	 
	 SECTION 9.12
	 	GOVERNING LAW; CONFLICTS WITH INDENTURE	  	 	46	 
	 SECTION 9.13
	 	JURISDICTION	  	 	46	 
	 SECTION 9.14
	 	WAIVER OF JURY TRIAL	  	 	46	 
	 SECTION 9.15
	 	Counterparts	  	 	47	 
	 SECTION 9.16
	 	Third Party Beneficiary	  	 	47	 
	 SECTION 9.17
	 	Assignment	  	 	47	 
	 SECTION 9.18
	 	Defaulting Investors	  	 	48	 
	 SECTION 9.19
	 	No Fiduciary Duties.	  	 	51	 
	 SECTION 9.20
	 	No Guarantee by Manager	  	 	51	 
	 SECTION 9.21
	 	Acknowledgement and Consent to Bail-In of EEA Financial Institutions	  	 	51	 
	 SECTION 9.22
	 	Patriot Act	  	 	52	 
	 SECTION 9.23
	 	Recognition of the U.S. Special Resolution Regimes	  	 	52	 

  

			
	 SCHEDULES AND EXHIBITS

		
	SCHEDULE I	 	Investor Groups and Commitments
	SCHEDULE II	 	Notice Addresses for Lender Parties and Agents
	SCHEDULE III	 	Additional Closing Conditions
	SCHEDULE IV	 	Letters of Credit
		
	EXHIBIT A	 	Form of Advance Request
	EXHIBIT A-1	 	Form of Swingline Loan Request
	EXHIBIT A-2	 	Reserved
	EXHIBIT B	 	Form of Assignment and Assumption Agreement
	EXHIBIT C	 	Form of Investor Group Supplement
	EXHIBIT D	 	Form of Purchaser’s Letter

  
 ii 

 CLASS A-1 NOTE PURCHASE AGREEMENT 

THIS CLASS A-1 NOTE PURCHASE AGREEMENT, dated as of December 11, 2019 (as amended, supplemented,
amended and restated or otherwise modified from time to time in accordance with the terms hereof, this “Agreement”), is made by and among: 

(a) DRIVEN BRANDS FUNDING, LLC, a Delaware limited liability company (the “Issuer”), 

(b) DRIVEN FUNDING HOLDCO, LLC, a Delaware limited liability company, DRIVEN SYSTEMS LLC, a Delaware limited liability company, DRIVEN PRODUCT
SOURCING LLC, a Delaware limited liability company, 1-800-RADIATOR PRODUCT SOURCING LLC, a Delaware limited liability company, 1-800-RADIATOR FRANCHISOR SPV LLC, a Delaware limited liability company, MEINEKE FRANCHISOR SPV LLC, a Delaware limited liability company, MAACO FRANCHISOR SPV LLC, a Delaware limited liability company, ECONO
LUBE FRANCHISOR SPV LLC, a Delaware limited liability company, DRIVE N STYLE FRANCHISOR SPV LLC, a Delaware limited liability company, CARSTAR FRANCHISOR SPV LLC, a Delaware limited liability company, TAKE 5 FRANCHISOR SPV LLC, a Delaware limited
liability company, TAKE 5 PROPERTIES SPV LLC, a Delaware limited liability company, ABRA FRANCHISOR SPV LLC, a Delaware limited liability company, and MERLIN FRANCHISOR SPV LLC, a Delaware limited liability company (each, a
“Guarantor” and, collectively, the “Guarantors”); 
 (c) DRIVEN BRANDS, INC., a Delaware corporation, as
the manager (the “Manager”), 
 (d) the several commercial paper conduits listed on Schedule I as Conduit Investors
and their respective permitted successors and assigns (each, a “Conduit Investor” and, collectively, the “Conduit Investors”), 

(e) the several financial institutions listed on Schedule I as Committed Note Purchasers and their respective permitted successors and
assigns (each, a “Committed Note Purchaser” and, collectively, the “Committed Note Purchasers”), 
 (f)
for each Investor Group, the financial institution entitled to act on behalf of the Investor Group set forth opposite the name of such Investor Group on Schedule I as Funding Agent and its permitted successors and assigns (each, the
“Funding Agent” with respect to such Investor Group and, collectively, the “Funding Agents”), 
 (g)
BARCLAYS BANK PLC, NEW YORK BRANCH, as L/C Provider, 
 (h) BARCLAYS BANK PLC, as Swingline Lender, and 

(i) BARCLAYS BANK PLC, in its capacity as administrative agent for the Conduit Investors, the Committed Note Purchasers, the Funding Agents,
the L/C Provider and the Swingline Lender (together with its permitted successors and assigns in such capacity, the “Administrative Agent” or the “Series 2019-3 Class A-1 Administrative Agent”). 
 BACKGROUND 

1. Contemporaneously with the execution and delivery of this Agreement, the Issuer and Citibank, N.A., as Trustee and Series 2019-3 Securities Intermediary, are entering into the Series 2019-3 Supplement, of even date herewith (as the same may be amended, supplemented, amended and restated or otherwise modified from time to time in
accordance with the terms thereof, the “Series 2019-3  

 
Supplement”), to the Amended and Restated Base Indenture, dated as of April 24, 2018 (as amended by the Amendment No. 1 thereto, dated as of March 19, 2019, the
Amendment No. 2 thereto, dated as of June 15, 2019, and the Amendment No. 3 thereto, dated as of September 17, 2019, and as the same may be amended, supplemented, amended and restated or otherwise modified from time to time in
accordance with the terms thereof, the “Base Indenture” and, together with the Series 2019-3 Supplement and any other Supplement to the Base Indenture, the “Indenture”), by
and among the Issuer, the Trustee and the Securities Intermediary, pursuant to which the Issuer will issue the Series 2019-3 Class A-1 Notes (as defined in the
Series 2019-3 Supplement) in accordance with the Indenture. 
 2. The Issuer wishes to
(a) issue the Series 2019-3 Class A-1 Advance Notes to each Funding Agent on behalf of the Investors in the related Investor Group, and obtain the agreement of
the applicable Investors to make loans from time to time (each, an “Advance” or a “Series 2019-3 Class A-1 Advance”
and, collectively, the “Advances” or the “Series 2019-3 Class A-1 Advances”) that will constitute the purchase of
Series 2019-3 Class A-1 Outstanding Principal Amounts on the terms and conditions set forth in this Agreement; (b) issue the Series 2019-3 Class A-1 Swingline Note to the Swingline Lender and obtain the agreement of the Swingline Lender to make Swingline Loans on the terms and conditions set forth in
this Agreement; and (c) issue the Series 2019-3 Class A-1 L/C Note to the L/C Provider and obtain the agreement of the L/C Provider to provide Letters of
Credit on the terms and conditions set forth in this Agreement. The Series 2019-3 Class A-1 Advance Notes, the Series 2019-3
Class A-1 Swingline Note and the Series 2019-3 Class A-1 L/C Note constitute Series
2019-3 Class A-1 Notes. The Manager has joined in this Agreement to confirm certain representations, warranties and covenants made by it in favor of the Trustee and
the Noteholders in the Transaction Documents for the benefit of each Lender Party. 
 ARTICLE I 

DEFINITIONS 
 SECTION 1.01
Definitions. As used in this Agreement and unless the context requires a different meaning, capitalized terms used but not defined herein (including the preamble and the recitals hereto) shall have the meanings assigned to such terms in the
Series 2019-3 Supplemental Definitions List attached to the Series 2019-3 Supplement as Annex A or set forth or incorporated by reference in the Base Indenture
Definitions List attached to the Base Indenture as Annex A, as applicable. Unless otherwise specified herein, all Article, Exhibit, Section or Subsection references herein shall refer to Articles, Exhibits, Sections or Subsections of this
Agreement. 
 ARTICLE II 

PURCHASE AND SALE OF SERIES 2019-3 CLASS A-1 NOTES 

SECTION 2.01 The Initial Advance Notes. On the terms and conditions set forth in the Indenture and this Agreement, and in reliance on
the covenants, representations and agreements set forth herein and therein, the Issuer shall issue and shall request the Trustee to authenticate the initial Series 2019-3
Class A-1 Advance Notes, which the Issuer shall deliver to each Funding Agent on behalf of the Investors in the related Investor Group on the Series 2019-3 Closing
Date. Such initial Series 2019-3 Class A-1 Advance Note for each Investor Group shall be dated the Series 2019-3 Closing
Date, shall be registered in the name of the related Funding Agent or its nominee, as agent for the related Investors, or in such other name or nominee as such Funding Agent may request, shall have a maximum principal amount equal to the Maximum
Investor Group Principal Amount for such Investor Group, shall have an initial outstanding principal amount equal to such Investor Group’s Commitment Percentage of the Series 2019-3 Class A-1 Initial Advance Principal Amount, and shall be duly authenticated in accordance with the provisions of the Indenture. 

SECTION 2.02 Advances. 

(a) Subject to the terms and conditions of this Agreement and the Indenture, each Eligible Conduit Investor, if any, may, in its sole
discretion, and, if such Eligible Conduit Investor 

  
 2 

 
determines that it will not make (or it does not in fact make) an Advance or any portion of an Advance, its related Committed Note Purchaser(s) shall or, if there is no Eligible Conduit Investor
with respect to any Investor Group, the Committed Note Purchaser(s) with respect to such Investor Group shall, upon the Issuer’s request delivered in accordance with the provisions of Section 2.03 and the satisfaction
of all conditions precedent thereto (or under the circumstances set forth in Section 2.05, 2.06 or 2.08), make Advances from time to time during the Commitment Term; provided that such Advances shall be made
ratably by each Investor Group based on their respective Commitment Percentages and the portion of any such Advance made by any Committed Note Purchaser in such Investor Group shall be its Committed Note Purchaser Percentage of the Advances to be
made by such Investor Group (or the portion thereof not being made by any Eligible Conduit Investor in such Investor Group); provided, further, that if L/C Obligations or Swingline Loans are outstanding as of any date on which Advances will be made
pursuant to this Section 2.02(a) and such amounts are not being repaid with the proceeds of such Advances pursuant to Section 2.03, such Advances (or applicable portions thereof) shall be made ratably by each Investor Group that does not
include the L/C Provider and/or the Swingline Lender (or, if each Investor Group includes the L/C Provider and/or the Swingline Lender, ratably among such Investor Groups) based on the respective Maximum Investor Group Principal Amount of such
relevant Investor Groups, and among the Committed Note Purchasers within each such Investor Group based on their respective Committed Note Purchaser Percentages until the Series 2019-3 Class A-1 Outstanding Principal Amount attributable to each Investor Group, including the Series 2019-3 Class A-1 Outstanding
Subfacility Amount attributable to the Investor Group that includes the L/C Provider or the Swingline Lender, is held ratably based on their respective Commitment Percentages and thereafter any remaining portion of such Advance and any further
Advances will continue to be made ratably by each Investor Group based on their respective Commitment Percentages and among the Committed Note Purchasers within each such Investor Group based on their respective Committed Note Purchaser Percentages;
provided, further, that if, as a result of any Committed Note Purchaser (a “Non-Funding Committed Note Purchaser”) failing to make any previous Advance that such
Non-Funding Committed Note Purchaser was required to make, outstanding Advances are not held ratably by each Investor Group based on their respective Commitment Percentages and among the Committed Note
Purchasers within each Investor Group based on their respective Committed Note Purchaser Percentages at the time a request for Advances is made, (x) such Non-Funding Committed Note Purchaser shall make
all of such Advances until outstanding Advances are held ratably by each Investor Group based on their respective Commitment Percentages and among the Committed Note Purchasers within each Investor Group based on their respective Committed Note
Purchaser Percentages and (y) further Advances shall be made ratably by each Investor Group based on their respective Commitment Percentages and the portion of any such Advance made by any Committed Note Purchaser in such Investor Group shall
be its Committed Note Purchaser Percentage of the Advances to be made by such Investor Group (or the portion thereof not being made by any Conduit Investor in such Investor Group); provided, further, that the failure of a Non-Funding Committed Note Purchaser to make Advances pursuant to the immediately preceding proviso shall not, subject to the immediately following proviso, relieve any other Committed Note Purchaser of its
obligation hereunder, if any, to make Advances in accordance with Section 2.03(b)(i); provided, further, that no Advance shall be required or permitted to be made by any Investor on any date to the extent
that, after giving effect to such Advance, (i) the related Investor Group Principal Amount would exceed the related Maximum Investor Group Principal Amount (subject to Section 2.03(b)(ii)) or (ii) the Series 2019-3 Class A-1 Outstanding Principal Amount would exceed the Series 2019-3
Class A-1 Notes Maximum Principal Amount. 
 (b) Notwithstanding anything herein or in any
other Transaction Document to the contrary, at no time will a Conduit Investor be obligated to make Advances hereunder. If at any time any Conduit Investor is not an Eligible Conduit Investor, such Conduit Investor shall promptly notify the
Administrative Agent (who shall promptly notify the related Funding Agent and the Issuer) thereof. 
 (c) Each of the Advances to be made
on any date shall be made as part of a single borrowing (each such single borrowing being a “Borrowing”). The Advances made as part of the initial Borrowing on the Series 2019-3 Closing Date,
if any, will be evidenced by the Series 2019-3 Class A-1 Advance Notes issued in connection herewith and will constitute purchases of Series 2019-3 Class A-

  
 3 

 
1 Initial Advance Principal Amounts corresponding to the amount of such Advances. All of the other Advances will constitute Increases evidenced by the Series
2019-3 Class A-1 Advance Notes issued in connection herewith and will constitute purchases of Series 2019-3 Class A-1 Outstanding Principal Amounts corresponding to the amount of such Advances. 
 (d)
Section 2.2(b) of the Series 2019-3 Supplement specifies the procedures to be followed in connection with any Voluntary Decrease of the Series 2019-3 Class A-1 Outstanding Principal Amount. Each such Voluntary Decrease in respect of any Advances shall be either (i) in an aggregate minimum principal amount of $200,000 and integral multiples of $100,000
in excess thereof or (ii) or such other amount necessary to reduce the Series 2019-3 Class A-1 Outstanding Principal Amount to zero. 

(e) Subject to the terms of this Agreement and the Series 2019-3 Supplement, the aggregate principal
amount of the Advances evidenced by the Series 2019-3 Class A-1 Advance Notes may be increased by Borrowings or decreased by Voluntary Decreases from time to time.

 (f) At any time that the aggregate Series 2019-3
Class A-1 Outstanding Principal Amount attributable to each Investor Group is not held pro rata based on its respective Commitment Percentage (as a result of the issuance of any Letter of Credit or
otherwise), the Investor Groups (and the Investors within each such Investor Group) may, in their sole discretion, agree amongst themselves to reallocate any outstanding Advances to ensure that the aggregate Series
2019-3 Class A-1 Outstanding Principal Amount attributable to each Investor Group is pro rata based on its respective Commitment Percentage; provided that the
Issuer shall not be liable for any Series 2019-3 Class A-1 Breakage Amounts resulting solely from any such reallocations. 

(g) The Administrative Agent shall provide the Issuer, the Manager and the Trustee timely notice of
non-ratable allocations pursuant to Section 2.02(a) and of any reallocations of Advances pursuant to Section 2.02(f) (which notice requirements may be
satisfied through the delivery of the monthly invoice and Letter of Credit report delivered by the Administrative Agent from time to time); provided, that the failure to provide such notice shall not limit or otherwise affect the obligations of the
Issuer under this Agreement or the Indenture with respect thereto. The Issuer and the Manager shall not be responsible for any failure to reflect such allocations or reallocations in any Weekly Manager’s Certificate or Quarterly
Noteholders’ Report, or for any payments inconsistent with such allocations or reallocations, until such notice is provided as set forth in this clause (g), including in connection with any Mandatory Decrease, Voluntary Decrease or prepayment
of any other tranche, Class or Series of Notes under the Indenture. 
 SECTION 2.03 Borrowing Procedures. 

(a) Whenever the Issuer wishes to make a Borrowing, the Issuer shall (or shall cause the Manager on its behalf to) notify the Administrative
Agent (who shall promptly, and in any event by 4:00 p.m. (New York City time) on the same Business Day as its receipt of the same, notify each Funding Agent of its pro rata share thereof (or other required share, as required pursuant to
Section 2.02(a)) and notify the Trustee, the Control Party, the Swingline Lender and the L/C Provider in writing of such Borrowing) by written notice in the form of an Advance Request delivered to the Administrative
Agent no later than 12:00 p.m. (New York City time) two Business Days (or, in the case of any Eurodollar Advances for purposes of Section 3.01(b), two (2) Eurodollar Business Days) prior to the date of such
Borrowing (except in the case of the Borrowing on the Series 2019-3 Closing Date, written notice of which may be delivered to the Administrative Agent on the Series
2019-3 Closing Date and, thereafter, unless a shorter period is agreed upon by the Administrative Agent and the L/C Provider, the L/C Issuing Bank, the Swingline Lender or the Funding Agents, as applicable),
which date of Borrowing shall be a Business Day during the Commitment Term. Each such notice shall be irrevocable and shall in each case refer to this Agreement and specify (i) the Borrowing date, (ii) the aggregate amount of the requested
Borrowing to be made on such date, (iii) at the election of the Issuer, the amount of outstanding Swingline Loans and 

  
 4 

 
Unreimbursed L/C Drawings (if applicable) to be repaid with the proceeds of such Borrowing on the Borrowing date, which amount shall constitute all outstanding Swingline Loans and/or Unreimbursed
L/C Drawings outstanding on the date of such notice that are not prepaid with other funds of the Issuer available for such purpose, and (iv) sufficient instructions for application of the balance, if any, of the proceeds of such Borrowing on
the Borrowing date (which proceeds shall be made available to the Issuer). Requests for any (x) Base Rate Advance may not be made in an aggregate principal amount of less than $250,000 or in an aggregate principal amount that is not an integral
multiple of $50,000 in excess thereof (or in each case such other amount as agreed to by the Administrative Agent) and (y) Eurodollar Advance may not be made in an aggregate principal amount of less than $500,000 or in an aggregate principal
amount that is not an integral multiple of $50,000 in excess thereof (or in each case such other amount as agreed to by the Administrative Agent), in each case except as otherwise provided herein with respect to Borrowings for the purpose of
repaying then-outstanding Swingline Loans or Unreimbursed L/C Drawings. Subject to the provisos to Section 2.02(a), each Borrowing shall be ratably allocated among the Investor Groups’ respective Maximum
Investor Group Principal Amounts. Each Funding Agent shall promptly advise its related Conduit Investor, if any, of any notice given pursuant to this Section 2.03(a) and shall promptly thereafter (but in no event
later than 10:00 a.m. (New York City time) on the date of Borrowing) notify the Administrative Agent, the Issuer and the related Committed Note Purchaser(s) whether such Conduit Investor has determined to make all or any portion of the Advances in
such Borrowing that are to be made by its Investor Group. On the date of each Borrowing and subject to the other conditions set forth herein and in the Series 2019-3 Supplement (and, if requested by the
Administrative Agent, confirmation from the Swingline Lender and the L/C Provider, as applicable, as to (x) the amount of outstanding Swingline Loans and Unreimbursed L/C Drawings to be repaid with the proceeds of such Borrowing on the
Borrowing date, (y) the Undrawn L/C Face Amount of all Letters of Credit then outstanding and (z) the principal amount of any other Swingline Loans or Unreimbursed L/C Drawings then outstanding), the applicable Investors in each Investor
Group shall make available to the Administrative Agent the amount of the Advances in such Borrowing that are to be made by such Investor Group by wire transfer in U.S. Dollars of such amount in same day funds no later than 11:00 a.m. (New York City
time) (or such later time as the Administrative Agent may agree to in its sole discretion on the date of any Borrowing) on the date of such Borrowing, and upon receipt thereof the Administrative Agent shall make such proceeds available by 3:00 p.m.
(New York City time), first, if applicable, and at the election of the Issuer, to the Swingline Lender and the L/C Provider for application to repayment of the amount of outstanding Swingline Loans and Unreimbursed L/C Drawings as set forth
in the applicable Advance Request, ratably in proportion to such respective amounts, and/or, second, to the Issuer, as instructed in the applicable Advance Request. 

(b) (i) The failure of any Committed Note Purchaser to make the Advance to be made by it as part of any Borrowing shall not relieve any other
Committed Note Purchaser (whether or not in the same Investor Group) of its obligation, if any, hereunder to make its Advance on the date of such Borrowing, but no Committed Note Purchaser shall be responsible for the failure of any other Committed
Note Purchaser to make the Advance to be made by such other Committed Note Purchaser on the date of any Borrowing and (ii) in the event that one or more Committed Note Purchasers fails to make its Advance by 11:00 a.m. (New York City time) (or
such later time as the Administrative Agent may agree to in its sole discretion on the date of any Borrowing) on the date of such Borrowing, the Administrative Agent shall notify each of the other Committed Note Purchasers not later than 1:00 p.m.
(New York City time) on such date, and each of the other Committed Note Purchasers may (but shall not be obligated to) make available to the Administrative Agent a supplemental Advance in a principal amount (such amount, the “reference
amount”) equal to the lesser of (a) the aggregate principal Advance that was unfunded multiplied by a fraction, the numerator of which is the Commitment Amount of such Committed Note Purchaser and the denominator of which is the
aggregate Commitment Amounts of all Committed Note Purchasers (less the aggregate Commitment Amount of the Committed Note Purchasers failing to make Advances on such date) and (b) the excess of (i) such Committed Note Purchaser’s
Commitment Amount over (ii) the product of such Committed Note Purchaser’s related Investor Group Principal Amount multiplied by such Committed Note Purchaser’s Committed Note Purchaser Percentage (after giving effect to all prior
Advances on such date of Borrowing) (provided that a Committed Note Purchaser may (but shall not be obligated to), on terms and conditions to be agreed upon by such Committed Note Purchaser and the Issuer, make available to the

  
 5 

 
Administrative Agent a supplemental Advance in a principal amount in excess of the reference amount; provided, however, that no such supplemental Advance shall be permitted to be
made to the extent that, after giving effect to such Advance, the Series 2019-3 Class A-1 Outstanding Principal Amount would exceed the Series 2019-3 Class A-1 Notes Maximum Principal Amount). Such supplemental Advances shall be made by wire transfer in U.S. Dollars in same day funds no later than 3:00 p.m. (New
York City time) one (1) Business Day following the date of such Borrowing, and upon receipt thereof the Administrative Agent shall immediately make such proceeds available, first, if applicable and at the election of the Issuer, to the
Swingline Lender and/or the L/C Provider for application to repayment of the amount of outstanding Swingline Loans and Unreimbursed L/C Drawings as set forth in the applicable Advance Request, ratably in proportion to such respective amounts, and,
second, to the Issuer, as instructed in the applicable Advance Request. If any Committed Note Purchaser which shall have so failed to fund its Advance shall subsequently pay such amount, the Administrative Agent shall apply such amount pro
rata to repay any supplemental Advances made by the other Committed Note Purchasers pursuant to this Section 2.03(b). 

(c) Unless the Administrative Agent shall have received notice from a Funding Agent prior to the date of any Borrowing that an applicable
Investor in the related Investor Group will not make available to the Administrative Agent such Investor’s share of the Advances to be made by such Investor Group as part of such Borrowing, the Administrative Agent may (but shall not be
obligated to) assume that such Investor has made such share available to the Administrative Agent on the date of such Borrowing in accordance with Section 2.02(a) and the Administrative Agent may (but shall not be
obligated to), in reliance upon such assumption, make available to the Swingline Lender, the L/C Provider and/or the Issuer, as applicable, on such date a corresponding amount, and shall, if such corresponding amount has not been made available by
the Administrative Agent, make available to the Swingline Lender, the L/C Provider and/or the Issuer, as applicable, on such date a corresponding amount once such Investor has made such portion available to the Administrative Agent. If and to the
extent that any Investor shall not have so made such amount available to the Administrative Agent, such Investor and the Issuer jointly and severally agree to repay (without duplication) to the Administrative Agent on the next Weekly Allocation Date
such corresponding amount (in the case of the Issuer, in accordance with the Priority of Payments), together with interest thereon, for each day from the date such amount is made available to the Issuer until the date such amount is repaid to the
Administrative Agent, at (i) in the case of the Issuer, the interest rate applicable at the time to the Advances comprising such Borrowing and (ii) in the case of such Investor, the Federal Funds Rate and without deduction by such Investor
for any withholding taxes. If such Investor shall repay to the Administrative Agent such corresponding amount, such amount so repaid shall constitute such Investor’s Advance as part of such Borrowing for purposes of this Agreement. 

SECTION 2.04 The Series 2019-3 Class A-1
Notes. On each date an Advance or Swingline Loan is made or a Letter of Credit is issued hereunder, and on each date the outstanding amount thereof is reduced, a duly authorized officer, employee or agent of the related Series 2019-3 Class A-1 Noteholder shall make appropriate notations in its books and records of the amount, evidenced by the related Series
2019-3 Class A-1 Advance Note, Series 2019-3 Class A-1 Swingline Note or Series
2019-3 Class A-1 L/C Note, of such Advance, Swingline Loan or Letter of Credit, as applicable, and the amount of such reduction, as applicable. The Issuer hereby
authorizes each duly authorized officer, employee and agent of such Series 2019-3 Class A-1 Noteholder to make such notations on the books and records as aforesaid
and every such notation made in accordance with the foregoing authority shall be prima facie evidence of the accuracy of the information so recorded; provided, however, that in the event of a discrepancy between the books and records
of such Series 2019-3 Class A-1 Noteholder and the records maintained by the Trustee pursuant to the Indenture, such discrepancy shall be resolved by such Series 2019-3 Class A-1 Noteholder, the Control Party and the Trustee, in consultation with the Issuer (provided that such consultation with the Issuer will not in any
way limit or delay such Series 2019-3 Class A-1 Noteholders’, the Control Party’s and the Trustee’s ability to resolve such discrepancy), and such
resolution shall control in the absence of manifest error; provided further that the failure of any such notation to be made, or any finding that a notation is incorrect, in any such records shall not limit or otherwise affect the
obligations of the Issuer under this Agreement or the Indenture. 

  
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 SECTION 2.05 Reduction in Commitments. 

(a) The Issuer may, upon at least three (3) Business Days’ notice to the Administrative Agent (who shall promptly notify the
Trustee, the Control Party, each Funding Agent and each Investor), effect a permanent reduction in the Series 2019-3 Class A-1 Notes Maximum Principal Amount and a
corresponding reduction in each Commitment Amount and Maximum Investor Group Principal Amount on a pro rata basis; provided that (i) any such reduction will be limited to the undrawn portion of the Commitments, although any such
reduction may be combined with a Voluntary Decrease effected pursuant to and in accordance with Section 2.2(b) of the Series 2019-3 Supplement, (ii) any such reduction
must be in a minimum amount of $1,000,000, (iii) after giving effect to such reduction, the Series 2019-3 Class A-1 Notes Maximum Principal Amount equals or exceeds
$5,000,000, unless reduced to zero, and (iv) no such reduction shall be permitted if, after giving effect thereto, (x) the aggregate Commitment Amounts would be less than the Series 2019-3 Class A-1 Outstanding Principal Amount (excluding any Undrawn L/C Face Amounts with respect to which cash collateral is held by the L/C Provider pursuant to Section 4.03(b)) or
(y) the aggregate Commitment Amounts would be less than the sum of the Swingline Commitment and the L/C Commitment. Any reduction made pursuant to this Section 2.05(a) shall be made ratably among the Investor
Groups on the basis of their respective Maximum Investor Group Principal Amounts. 
 (b) If any of the following events shall occur, then
the Commitment Amounts shall be automatically and permanently reduced on the dates and in the amounts set forth below with respect to the applicable event and the other consequences set forth below with respect to the applicable event shall ensue
(and the Issuer shall give the Trustee, the Control Party, each Funding Agent and the Administrative Agent prompt written notice thereof): 

(i) if the Outstanding Principal Amount of the Series 2019-3 Class A-1 Notes has not been paid in full or otherwise refinanced in full (which refinancing may also include an extension thereof) by the Business Day immediately preceding the
Class A-1 Notes Renewal Date, (A) on such Business Day, (x) the principal amount of all then-outstanding Swingline Loans and Unreimbursed L/C Drawings shall be repaid in full with proceeds of
Advances made on such date (and the Issuer shall be deemed to have delivered such Advance Requests under Section 2.03 as may be necessary to cause such Advances to be made), and (y) the Swingline Commitment and the L/C
Commitment shall both be automatically and permanently reduced to zero and (B) (x) all undrawn portions of the Commitments shall automatically and permanently terminate and the corresponding portions of the Series
2019-3 Class A-1 Notes Maximum Principal Amount and the Maximum Investor Group Principal Amounts shall be automatically and permanently reduced by a corresponding
amount (with respect to the Maximum Investor Group Principal Amounts, on a pro rata basis) and (y) each payment of principal on the Series 2019-3 Class A-1
Outstanding Principal Amount occurring on or following such Business Day shall result automatically and permanently in a dollar-for-dollar reduction of the Series 2019-3 Class A-1 Notes Maximum Principal Amount and a corresponding reduction in each Maximum Investor Group Principal Amount on a pro rata basis; 

(ii) if a Rapid Amortization Event occurs and is continuing (and shall not have been waived as provided in the Base Indenture)
prior to the Class A-1 Notes Renewal Date, then (A) on the date such Rapid Amortization Event occurs, all undrawn portions of the Commitments shall automatically and permanently terminate, which
termination shall be deemed to have occurred immediately following the making of Advances pursuant to clause (B) below, and the corresponding portions of the Series 2019-3
Class A-1 Notes Maximum Principal Amount and the Maximum Investor Group Principal Amounts shall be automatically and permanently reduced by a corresponding amount (with respect to the Maximum Investor
Group Principal Amounts, on a pro rata basis), (B) no later than the second Business Day after the occurrence of such Rapid Amortization Event, the principal amount of all then-outstanding Swingline Loans and Unreimbursed L/C Drawings shall
be repaid in full with proceeds of Advances (and the Issuer shall 

  
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be deemed to have delivered such Advance Requests under Section 2.03 as may be necessary to cause such Advances to be made) and the Swingline Commitment shall be
automatically reduced to zero and the L/C Commitment shall be automatically reduced by the unused portion thereof and such amount of Unreimbursed L/C Drawings repaid by such Advances; and (C) each payment of principal (which, for the avoidance
of doubt, shall include cash collateralization of Undrawn L/C Face Amounts pursuant to Sections 4.02, 4.03(a), 4.03(b) and 9.18(c)(ii)) on the Series 2019-3 Class A-1 Outstanding Principal Amount occurring on or after the date of such Rapid Amortization Event (excluding the repayment of any outstanding Swingline Loans and Unreimbursed L/C Drawings with proceeds of
Advances pursuant to clause (B) above) shall result automatically and permanently in a dollar-for-dollar reduction of the Series
2019-3 Class A-1 Notes Maximum Principal Amount and a corresponding reduction in each Maximum Investor Group Principal Amount on a pro rata basis;
provided that, in each case, if any Rapid Amortization Event occurring solely under clause (a) of the definition thereof shall cease to be in effect as a result of being waived in accordance with the Base Indenture then the Commitments,
Swingline Commitment, L/C Commitment, Series 2019-3 Class A-1 Notes Maximum Principal Amount and the Maximum Investor Group Principal Amounts shall be restored to
the amounts in effect immediately prior to the occurrence of such Rapid Amortization Event; 
 (iii) [Intentionally omitted];

 (iv) if payments in connection with Indemnification Amounts, Release Prices, Asset Disposition Proceeds or
Insurance/Condemnation Proceeds are allocated to and deposited in the Series 2019-3 Class A-1 Distribution Account in accordance with
Section 3.6(j) of the Series 2019-3 Supplement at a time when either (i) no Senior Notes other than Series 2019-3 Class A-1 Notes are Outstanding or (ii) if the Outstanding Principal Amount of the Series 2019-3 Class A-1 Notes has not
been paid in full or otherwise refinanced in full (which refinancing may also include an extension thereof) by the Class A-1 Notes Renewal Date and such event is continuing, then (x) the aggregate
Commitment Amount shall be automatically and permanently reduced on the date of such deposit by an amount (the “Series 2019-3 Class A-1
Allocated Payment Reduction Amount”) equal to the amount of such deposit, and each Committed Note Purchaser’s Commitment Amount shall be reduced on a pro rata basis of such Series 2019-3 Class A-1 Allocated Payment Reduction Amount based on each Committed Note Purchaser’s Commitment Amount, (y) the corresponding portions of the Series 2019-3 Class A-1 Notes Maximum Principal Amount and the Maximum Investor Group Principal Amounts shall be automatically and permanently reduced on a pro rata basis based on each Investor Group’s Maximum
Investor Group Principal Amount by a corresponding amount on such date (and, if after giving effect to such reduction the aggregate Commitment Amounts would be less than the sum of the Swingline Commitment and the L/C Commitment, then the aggregate
amount of the Swingline Commitment and the L/C Commitment shall be reduced by the amount of such difference, with such reduction to be allocated between them in accordance with the written instructions of the Issuer delivered prior to such date;
provided that after giving effect thereto the aggregate amount of the Swingline Loans and the L/C Obligations do not exceed the Swingline Commitment and the L/C Commitment, respectively, as so reduced; provided further that in
the absence of such instructions, such reduction shall be allocated first to the Swingline Commitment and then to the L/C Commitment) and (z) the Series 2019-3
Class A-1 Outstanding Principal Amount shall be repaid or prepaid (which, for the avoidance of doubt, shall include cash collateralization of Undrawn L/C Face Amounts pursuant to Sections 4.02,
4.03(a), 4.03(b) and 9.18(c)(ii)) in an aggregate amount equal to such Series 2019-3 Class A-1 Allocated Payment
Reduction Amount on the date and in the order required by Section 3.6(j) of the Series 2019-3 Supplement; and 

(v) if any Event of Default shall occur and be continuing (and shall not have been waived in accordance with the Base
Indenture) and as a result the payment of the Series 2019-3 Class A-1 Notes is accelerated pursuant to the terms of the Base Indenture (and such acceleration shall
not have been rescinded in accordance with the Base Indenture), then in addition 

  
 8 

 
to the consequences set forth in clause (ii) above in respect of the Rapid Amortization Event resulting from such Event of Default, the Series 2019-3 Class A-1 Notes Maximum Principal Amount, the Commitment Amounts, the L/C Commitment and the Maximum Investor Group Principal Amounts shall all be automatically and permanently reduced to zero upon such
acceleration and the Issuer shall (in accordance with the Series 2019-3 Supplement) cause the Series 2019-3 Class A-1
Outstanding Principal Amount to be paid in full (which, for the avoidance of doubt, shall include cash collateralization of Undrawn L/C Face Amounts pursuant to Sections 4.02, 4.03(a), 4.03(b) and
9.18(c)(ii)) together with accrued interest, Series 2019-3 Class A-1 Commitment Fees Amounts payable pursuant to the Series 2019-3 Supplement, amounts payable as “Class A-1 Notes Other Amounts” pursuant to the Series 2019-3 Supplement
(“Series 2019-3 Class A-1 Notes Other Amounts”) and all other amounts then due and payable to the Lender Parties, the Administrative
Agent and the Funding Agents under this Agreement and the other Transaction Documents and any unreimbursed Debt Service Advance, Collateral Protection Advance and Manager Advance (in each case, with interest thereon at the Advance Interest Rate)
subject to and in accordance with the Priority of Payments. 
 SECTION 2.06 Swingline Commitment. 

(a) On the terms and conditions set forth in the Indenture and this Agreement, and in reliance on the covenants, representations and
agreements set forth herein and therein, the Issuer shall issue and shall cause the Trustee to authenticate the initial Series 2019-3 Class A-1 Swingline Note,
which the Issuer shall deliver to the Swingline Lender on the Series 2019-3 Closing Date. Such initial Series 2019-3
Class A-1 Swingline Note shall be dated the Series 2019-3 Closing Date, shall be registered in the name of the Swingline Lender or its nominee, or in such other
name as the Swingline Lender may request, shall have a maximum principal amount equal to the Swingline Commitment, shall have an initial outstanding principal amount equal to the Series 2019-3 Class A-1 Initial Swingline Principal Amount, and shall be duly authenticated in accordance with the provisions of the Indenture. Subject to the terms and conditions hereof, the Swingline Lender, in reliance on
the agreements of the Committed Note Purchasers set forth in this Section 2.06, agrees to make swingline loans (each, a “Swingline Loan” or a “Series 2019-3
Class A-1 Swingline Loan” and, collectively, the “Swingline Loans” or the “Series 2019-3 Class A-1 Swingline Loans”) to the Issuer from time to time during the period commencing on the Series 2019-3 Closing Date and ending on the date that is two Business
Days prior to the Commitment Termination Date; provided that the Swingline Lender shall have no obligation or right to make any Swingline Loan if, after giving effect thereto, (i) the aggregate principal amount of Swingline Loans
outstanding would exceed the Swingline Commitment then in effect (notwithstanding that the Swingline Loans outstanding at any time, when aggregated with the Swingline Lender’s other outstanding Advances hereunder, may exceed the Swingline
Commitment then in effect) or (ii) the Series 2019-3 Class A-1 Outstanding Principal Amount would exceed the Series
2019-3 Class A-1 Notes Maximum Principal Amount. Each such Borrowing of a Swingline Loan will constitute a Subfacility Increase in the outstanding principal amount
evidenced by the Series 2019-3 Class A-1 Swingline Note in an amount corresponding to such Borrowing. Subject to the terms of this Agreement and the Series 2019-3 Supplement, the outstanding principal amount evidenced by the Series 2019-3 Class A-1 Swingline Note may be increased by
Borrowings of Swingline Loans or decreased by payments of principal thereon from time to time. 
 (b) Whenever the Issuer desires that the
Swingline Lender make Swingline Loans, the Issuer shall (or shall cause the Manager on its behalf to) give the Swingline Lender and the Administrative Agent irrevocable notice in writing not later than 11:00 a.m. (New York City time) on the proposed
borrowing date, specifying (i) the amount to be borrowed, (ii) the requested borrowing date (which shall be a Business Day during the Commitment Term not later than the date that is two (2) Business Days prior to the Commitment
Termination Date) and (iii) the payment instructions for the proceeds of such borrowing (which shall be consistent with the terms and provisions of this Agreement and the Indenture and which proceeds shall be made available to the Issuer. Such
notice shall be in the form attached hereto as Exhibit A-1 hereto (a “Swingline Loan Request”). Promptly upon receipt of any Swingline Loan Request (but in no event later than 2:00 p.m.
(New York City time) on the date of such receipt), the 

  
 9 

 
Swingline Lender shall promptly notify the Control Party and the Trustee thereof in writing. Each Borrowing under the Swingline Commitment shall be in a minimum amount equal to $100,000. Promptly
upon receipt of any Swingline Loan Request (but in no event later than 2:00 p.m. (New York City time) on the date of such receipt), the Administrative Agent (based, with respect to any portion of the Series
2019-3 Class A-1 Outstanding Subfacility Amount held by any Person other than the Administrative Agent, solely on written notices received by the Administrative
Agent under this Agreement) will inform the Swingline Lender whether or not, after giving effect to the requested Swingline Loan, the Series 2019-3 Class A-1
Outstanding Principal Amount would exceed the Series 2019-3 Class A-1 Notes Maximum Principal Amount. If the Administrative Agent confirms that the Series 2019-3 Class A-1 Outstanding Principal Amount would not exceed the Series 2019-3
Class A-1 Notes Maximum Principal Amount after giving effect to the requested Swingline Loan, then not later than 3:00 p.m. (New York City time) on the borrowing date specified in the Swingline Loan
Request, subject to the other conditions set forth herein and in the Series 2019-3 Supplement, the Swingline Lender shall make available to the Issuer in accordance with the payment instructions set forth in
such notice an amount in immediately available funds equal to the amount of the requested Swingline Loan. 
 (c) The Issuer hereby agrees
that each Swingline Loan made by the Swingline Lender to the Issuer pursuant to Section 2.06(a) shall constitute the promise and obligation of the Issuer to pay to the Swingline Lender the aggregate unpaid principal
amount of all Swingline Loans made by such Swingline Lender pursuant to Section 2.06(a), which amounts shall be due and payable (whether at maturity or by acceleration) as set forth in this Agreement and in the
Indenture for the Series 2019-3 Class A-1 Outstanding Principal Amount. 

(d) In accordance with, and without limitation of, Section 2.03(a), the Issuer agrees to cause requests for
Borrowings to be made at least one time per month, for each month any Swingline Loans are outstanding for at least ten (10) Business Days during such month, if any Swingline Loans are outstanding in amounts at least sufficient to repay in full
all Swingline Loans outstanding on the date of the applicable request. In accordance with Section 3.01(c), outstanding Swingline Loans shall bear interest at the Base Rate. 

(e) [Intentionally omitted.] 

(f) If prior to the time Advances would have otherwise been made pursuant to Section 2.06(d), an Event of
Bankruptcy shall have occurred and be continuing with respect to the Issuer or any Guarantor or if for any other reason, as determined by the Swingline Lender in its sole and absolute discretion, Advances will not be made as contemplated by
Section 2.06(d), each Committed Note Purchaser shall, on the date such Advances were to have been made pursuant to the notice referred to in Section 2.06(d) (the “Refunding
Date”), purchase for cash an undivided participating interest in the then-outstanding Swingline Loans by paying to the Swingline Lender an amount (the “Swingline Participation Amount”) equal to (i) its Committed Note
Purchaser Percentage multiplied by (ii) the related Investor Group’s Commitment Percentage multiplied by (iii) the aggregate principal amount of Swingline Loans then outstanding that was to have been repaid with such
Advances. 
 (g) Whenever, at any time after the Swingline Lender has received from any Investor such Investor’s Swingline
Participation Amount, the Swingline Lender receives any payment on account of the Swingline Loans, the Swingline Lender will distribute to such Investor its Swingline Participation Amount (appropriately adjusted, in the case of interest payments, to
reflect the period of time during which such Investor’s participating interest was outstanding and funded and, in the case of principal and interest payments, to reflect such Investor’s pro rata portion of such payment if such
payment is not sufficient to pay the principal of and interest on all Swingline Loans then due); provided, however, that in the event that such payment received by the Swingline Lender is required to be returned, such Investor will
return to the Swingline Lender any portion thereof previously distributed to it by the Swingline Lender. 
 (h) Each applicable
Investor’s obligation to make the Advances referred to in 

  
 10 

 
Section 2.06(d) and each Committed Note Purchaser’s obligation to purchase participating interests pursuant to
Section 2.06(f) shall be absolute and unconditional and shall not be affected by any circumstance, including (i) any setoff, counterclaim, recoupment, defense or other right that such Investor, Committed Note
Purchaser or the Issuer may have against the Swingline Lender, the Issuer or any other Person for any reason whatsoever; (ii) the occurrence or continuance of a Default or an Event of Default or the failure to satisfy any of the other
conditions specified in Article VII other than at the time the related Swingline Loan was made; (iii) any adverse change in the condition (financial or otherwise) of the Issuer; (iv) any breach of this Agreement or any other
Indenture Document by the Issuer or any other Person; or (v) any other circumstance, happening or event whatsoever, whether or not similar to any of the foregoing. 

(i) The Issuer may, upon at least three (3) Business Days’ notice to the Administrative Agent and the Swingline Lender, effect a
permanent reduction in the Swingline Commitment; provided that any such reduction will be limited to the undrawn portion of the Swingline Commitment. If requested by the Issuer in writing and with the prior written consent of the Swingline
Lender and the Administrative Agent, the Swingline Lender may (but shall not be obligated to) increase the amount of the Swingline Commitment; provided that, after giving effect thereto, the aggregate amount of each of the Series 2019-3 Class A-1 Outstanding Principal Amount, the Swingline Commitment and the L/C Commitment does not exceed the aggregate amount of the Commitments. 

(j) The Issuer may, upon notice to the Swingline Lender (who shall promptly notify the Administrative Agent and the Trustee thereof in
writing), at any time and from time to time, voluntarily prepay Swingline Loans in whole or in part without premium or penalty; provided that (x) such notice must be received by the Swingline Lender not later than 1:00 p.m. (New York
City time) on the date of the prepayment, (y) any such prepayment shall be in a minimum principal amount of $500,000 or a whole multiple of $50,000 in excess thereof (or in each case such other amount as agreed by the Administrative Agent) or,
if less, the entire principal amount thereof then outstanding and (z) if the source of funds for such prepayment is not a Borrowing, there shall be no unreimbursed Debt Service Advance, Collateral Protection Advance or Manager Advance (or
interest thereon) at such time. Each such notice shall specify the date and amount of such prepayment. If such notice is given, the Issuer shall make such prepayment directly to the Swingline Lender and the payment amount specified in such notice
shall be due and payable on the date specified therein. 
 SECTION 2.07 L/C Commitment. 

(a) Subject to the terms and conditions hereof, the L/C Provider (or its permitted assigns pursuant to
Section 9.17), in reliance on the agreements of the Committed Note Purchasers set forth in Sections 2.08 and 2.09, agrees to provide standby letters of credit, including Interest Reserve Letters of Credit
(each, a “Letter of Credit” and, collectively, the “Letters of Credit”) for the account of the Issuer on any Business Day during the period commencing on the Series 2019-3
Closing Date and ending on the date that is ten Business Days prior to the Commitment Termination Date to be issued in accordance with Section 2.07(h) in such form as may be approved from time to time by the L/C
Provider; provided that the L/C Provider shall have no obligation or right to provide any Letter of Credit on a requested issuance date if, after giving effect to such issuance, (i) the L/C Obligations would exceed the L/C Commitment,
(ii) the Series 2019-3 Class A-1 Outstanding Principal Amount would exceed the Series 2019-3 Class A-1 Notes Maximum Principal Amount or (iii) the Series 2019-3 Class A-1 Outstanding Principal Amount attributable
to the L/C Provider (in its capacity as Committed Note Purchaser and L/C Provider) would exceed its Commitment Amount. 
 Each Letter of
Credit shall (x) be denominated in Dollars, (y) have a face amount of at least $100,000 (unless otherwise agreed by the L/C Provider, together with a reasonable administrative fee to be agreed upon) and (z) expire no later than the
earlier of (A) the first anniversary of its date of issuance and (B) the date that is ten (10) Business Days prior to the Commitment Termination Date (the “Required Expiration Date”); provided that any Letter
of Credit may provide for the automatic renewal thereof for additional periods, each individually not to exceed one year (which shall in no event extend beyond the 

  
 11 

 
Required Expiration Date) unless the L/C Provider notifies each beneficiary of such Letter of Credit at least thirty (30) calendar days prior to the then-applicable expiration date (or no
later than the applicable notice date, if earlier, as specified in such Letter of Credit) that such Letter of Credit shall not be renewed; provided further that any Letter of Credit may have an expiration date that is later than the
Required Expiration Date so long as either (x) the Undrawn L/C Face Amount with respect to such Letter of Credit has been fully cash collateralized by the Issuer in accordance with Section 4.02 or 4.03 as of the
Required Expiration Date and there are no other outstanding L/C Obligations with respect to such Letter of Credit as of the Required Expiration Date or (y) other than with respect to Interest Reserve Letters of Credit, arrangements satisfactory
to the L/C Provider in its sole and absolute discretion have been made with the L/C Provider (and, if the L/C Provider is not the L/C Issuing Bank with respect to such Letter of Credit, the L/C Issuing Bank) pursuant to
Section 4.04 such that such Letter of Credit shall cease to be deemed outstanding or to be deemed a “Letter of Credit” for purposes of this Agreement as of the Commitment Termination Date. 

Additionally, each Interest Reserve Letter of Credit shall (1) name each of (A) the Trustee, for the benefit of the Senior
Noteholders or the Senior Subordinated Noteholders, as applicable, and (B) the Control Party, as the beneficiary thereof; (2) allow the Trustee or the Control Party to submit a notice of drawing in respect of such Interest Reserve Letter
of Credit whenever amounts would otherwise be required to be withdrawn from the Senior Notes Interest Reserve Account or the Senior Subordinated Notes Interest Reserve Account, as applicable, pursuant to the Indenture; and (3) indicate by its
terms that the proceeds in respect of drawings under such Interest Reserve Letter of Credit shall be paid directly into the Senior Notes Interest Reserve Account or the Senior Subordinated Notes Interest Reserve Account, as applicable, or such other
Account, as permitted pursuant to the terms of the Indenture. 
 The L/C Provider shall not at any time be obligated to (I) provide any
Letter of Credit hereunder if such issuance would violate, or cause any L/C Issuing Bank to exceed any limits imposed by, any applicable Requirement of Law or (II) amend any Letter of Credit hereunder if (1) the L/C Provider would have no
obligation at such time to issue such Letter of Credit in its amended form under the terms hereof or (2) each beneficiary of such Letter of Credit does not accept the proposed amendment to such Letter of Credit. 

(b) On the terms and conditions set forth in the Indenture and this Agreement, and in reliance on the covenants, representations and
agreements set forth herein and therein, the Issuer shall issue and shall cause the Trustee to authenticate the initial Series 2019-3 Class A-1 L/C Note, which the
Issuer shall deliver to the L/C Provider on the Series 2019-3 Closing Date. Such initial Series 2019-3 Class A-1 L/C Note
shall be dated the Series 2019-3 Closing Date, shall be registered in the name of the L/C Provider or in such other name or nominee as the L/C Provider may request, shall have a maximum principal amount equal
to the L/C Commitment, shall have an initial outstanding principal amount equal to the Series 2019-3 Class A-1 Initial Aggregate Undrawn L/C Face Amount, and shall
be duly authenticated in accordance with the provisions of the Indenture. Each issuance of a Letter of Credit after the Series 2019-3 Closing Date will constitute an Increase in the outstanding principal
amount evidenced by the Series 2019-3 Class A-1 L/C Note in an amount corresponding to the Undrawn L/C Face Amount of such Letter of Credit. All L/C Obligations
(whether in respect of Undrawn L/C Face Amounts or Unreimbursed L/C Drawings) shall be deemed to be principal outstanding under the Series 2019-3 Class A-1 L/C Note
and shall be deemed to be Series 2019-3 Class A-1 Outstanding Principal Amounts for all purposes of this Agreement, the Indenture and the other Transaction
Documents other than, in the case of Undrawn L/C Face Amounts, for purposes of accrual of interest. Subject to the terms of this Agreement and the Series 2019-3 Supplement, each issuance of a Letter of Credit
will constitute a Subfacility Increase in the outstanding principal amount evidenced by the Series 2019-3 Class A-1 L/C Note and the expiration of any Letter of
Credit or reimbursements of any Unreimbursed L/C Drawings thereunder or other circumstances resulting in the permanent reduction in any Undrawn L/C Face Amounts from time to time will constitute a Subfacility Decrease in the outstanding principal
amount evidenced by the Series 2019-3 Class A-1 L/C Note. The L/C Provider and the Issuer agree to promptly notify the Administrative Agent and the Trustee of any
such decreases for which notice to the Administrative Agent is not otherwise provided hereunder. 

  
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 (c) The Issuer may (or shall cause the Manager on its behalf to) from time to time request
that the L/C Provider provide a new Letter of Credit by delivering to the L/C Provider at its address for notices specified herein an Application therefor (in the form required by the applicable L/C Issuing Bank as notified to the Issuer by the L/C
Provider), completed to the satisfaction of the L/C Provider, and such other certificates, documents and other papers and information as the L/C Provider may reasonably request on behalf of the L/C Issuing Bank. Notwithstanding the foregoing
sentence, the letter of credit set forth on Schedule IV hereto shall be deemed a Letter of Credit provided and issued by the L/C Provider hereunder as of the Series 2019-3 Closing Date. Upon receipt of any
completed Application, the L/C Provider will notify the Administrative Agent and the Trustee in writing of the amount, the beneficiary or beneficiaries and the requested expiration of the requested Letter of Credit (which shall comply with
Section 2.07(a) and (i)) and, subject to the other conditions set forth herein and in the Series 2019-3 Supplement and upon receipt of written confirmation from the
Administrative Agent (based, with respect to any portion of the Series 2019-3 Class A-1 Outstanding Subfacility Amount held by any Person other than the
Administrative Agent, solely on written notices received by the Administrative Agent under this Agreement) that after giving effect to the requested issuance, the Series 2019-3
Class A-1 Outstanding Principal Amount would not exceed the Series 2019-3 Class A-1 Notes Maximum Principal Amount
(provided that the L/C Provider shall be entitled to rely upon any written statement, paper or document believed by it to be genuine and correct and to have been signed or sent by the proper Person or Persons of the Administrative Agent for
purposes of determining whether the L/C Provider received such prior written confirmation from the Administrative Agent with respect to any Letter of Credit), the L/C Provider will cause such Application and the certificates, documents and other
papers and information delivered in connection therewith to be processed in accordance with the L/C Issuing Bank’s customary procedures and shall promptly provide the Letter of Credit requested thereby (but in no event shall the L/C Provider be
required to provide any Letter of Credit earlier than three Business Days after its receipt of the Application therefor and all such other certificates, documents and other papers and information relating thereto, as provided in
Section 2.07(a)) by issuing the original of such Letter of Credit to the beneficiary or beneficiaries thereof or as otherwise may be agreed to by the L/C Provider and the Issuer. The L/C Provider shall furnish a copy of
such Letter of Credit to the Manager (with a copy to the Administrative Agent) promptly following the issuance thereof. The L/C Provider shall promptly furnish to the Administrative Agent, which shall in turn promptly furnish to the Funding Agents,
the Investors, the Control Party and the Trustee, written notice of the issuance of each Letter of Credit (including the amount thereof). 

(d) The Issuer shall pay to the L/C Provider the L/C Quarterly Fees (as defined in the Series 2019-3 Class A-1 Notes Fee Letter, the “L/C Quarterly Fees”) in accordance with the terms of the Series 2019-3
Class A-1 Notes Fee Letter and subject to the Priority of Payments. 
 (e) [Reserved]. 

(f) To the extent that any provision of any Application related to any Letter of Credit is inconsistent with the provisions of this
Article II, the provisions of this Article II shall apply. 
 (g) The Issuer may, upon at least three (3) Business
Days’ notice to the Administrative Agent and the L/C Provider, effect a permanent reduction in the L/C Commitment; provided that any such reduction will be limited to the undrawn portion of the L/C Commitment. If requested by the Issuer
in writing and with the prior written consent of the L/C Provider and the Administrative Agent, the L/C Provider may (but shall not be obligated to) increase the amount of the L/C Commitment; provided that, after giving effect thereto, the
aggregate amount of each of the Series 2019-3 Class A-1 Outstanding Principal Amounts, the Swingline Commitment and the L/C Commitment does not exceed the aggregate
Commitment Amounts. 
 (h) The L/C Provider shall satisfy its obligations under this Section 2.07 with respect to
providing any Letter of Credit hereunder by issuing such Letter of Credit itself or through an Affiliate if the L/C Issuing Bank Rating Test is satisfied with respect to such Affiliate. If the L/C Issuing Bank Rating Test is not satisfied with
respect to such Affiliate, a Person selected by the Issuer (at the expense of the L/C Provider) shall issue such Letter of Credit; provided that such Person and issuance of 

  
 13 

 
such Letter of Credit satisfies the L/C Issuing Bank Rating Test (the L/C Provider (or such Affiliate of the L/C Provider) or such other Person selected by the Issuer (at the expense of the L/C
Provider), in each case in its capacity as the issuer of such Letter of Credit being referred to as the “L/C Issuing Bank” with respect to such Letter of Credit). The “L/C Issuing Bank Rating Test” is a test that is
satisfied with respect to a Person issuing a Letter of Credit if the Person is a U.S. commercial bank that has, at the time of the issuance of such Letter of Credit, (i) a short-term certificate of deposit rating of not less than “A-2” (or then equivalent grade) from S&P and (ii) a long-term unsecured debt rating of not less than “BBB” (or then equivalent grade) from S&P or such other minimum long-term
unsecured debt rating as may be reasonably required by the beneficiary or beneficiaries of such proposed Letter of Credit. 
 (i) The L/C
Provider and, if the L/C Provider is not the L/C Issuing Bank for any Letter of Credit, the L/C 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 L/C Provider or the L/C Issuing Bank, as applicable, from issuing the Letter of Credit, or (ii) any law applicable to the L/C Provider or the L/C Issuing Bank, as applicable, or
any request or directive (which request or directive, in the reasonable judgment of the L/C Provider or the L/C Issuing Bank, as applicable, has the force of law) from any Governmental Authority with jurisdiction over the L/C Provider or the L/C
Issuing Bank, as applicable, shall prohibit the L/C Provider or the L/C Issuing Bank, as applicable, from issuing of letters of credit generally or the Letter of Credit in particular. 

(j) Unless otherwise expressly agreed by the L/C Provider or the L/C Issuing Bank, as applicable, and the Issuer when a Letter of Credit is
issued, the rules of the “International Standby Practices 1998” published by the Institute of International Banking Law & Practice (or such later version thereof as may be in effect at the time of issuance) shall apply to each
standby Letter of Credit issued hereunder. 
 (k) For the avoidance of doubt, the L/C Commitment shall be a
sub-facility limit of the Commitment Amounts and aggregate outstanding L/C Obligations as of any date of determination shall be a component of the Series 2019-3 Class A-1 Outstanding Principal Amount on such date of determination, pursuant to the definition thereof. 

(l) If, on the date that is ten Business Days prior to the expiration of any Interest Reserve Letter of Credit, such Interest Reserve Letter
of Credit has not been replaced or renewed and the Issuer has not otherwise deposited funds into the Senior Notes Interest Reserve Account or the Senior Subordinated Notes Interest Reserve Account, as applicable, in the amounts that would otherwise
be required pursuant to the Indenture had such Interest Reserve Letter of Credit not been issued, the Issuer shall instruct the Control Party to submit a notice of drawing under such Interest Reserve Letter of Credit and use the proceeds thereof to
fund a deposit into the Senior Notes Interest Reserve Account or the Senior Subordinated Notes Interest Reserve Account, as applicable, in an amount equal to the Senior Notes Interest Reserve Account Deficit Amount or the Senior Subordinated Notes
Interest Reserve Account Deficit Amount, as applicable, on such date, in each case calculated as if such Interest Reserve Letter of Credit had not been issued. 

(m) If, on any day an Interest Reserve Letter of Credit is outstanding, (i) the short-term debt credit rating of the L/C Issuing Bank
with respect to such Interest Reserve Letter of Credit is withdrawn by S&P or downgraded below “A-2” (or then equivalent grade) or (ii) the long-term debt credit rating of such L/C Issuing Bank is withdrawn by S&P or
downgraded below “BBB” (or then equivalent grade) (each of cases (i) and (ii), an “L/C Downgrade Event”), on the fifth Business Day after the occurrence of such L/C Downgrade Event, the Issuer shall instruct the
Control Party to submit a notice of drawing under each Interest Reserve Letter of Credit issued by such L/C Issuing Bank and use the proceeds thereof to fund a deposit into the Senior Notes Interest Reserve Account or the Senior Subordinated Notes
Interest Reserve Account, as applicable, in an amount equal to the Senior Notes Interest Reserve Account Deficit Amount or the Senior Subordinated Notes Interest Reserve Account Deficit Amount on such date, in each case calculated as if such
Interest Reserve Letter(s) of Credit had not been issued. 

  
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 SECTION 2.08 L/C Reimbursement Obligations. 

(a) For the purpose of reimbursing the payment of any draft presented under any Letter of Credit, the Issuer agrees to pay the L/C Provider,
for its own account or for the account of the L/C Issuing Bank, as applicable, not later than five (5) Business Days after the day on which the L/C Provider notifies the Issuer and the Administrative Agent (and in each case the Administrative
Agent shall promptly, and in any event by 4:00 p.m. (New York City time) on the same Business Day as its receipt of the same, notify the Funding Agents) of the date and the amount of such draft, an amount in Dollars equal to the sum of (i) the
amount of such draft so paid (such amount at any time, as reduced by repayments with respect thereto as described below and amounts repaid with respect thereto pursuant to Section 4.03(b) at or prior to such time, the
“L/C Reimbursement Amount”) and (ii) any Non-Excluded Taxes, fees, charges or other costs or expenses, including amounts payable pursuant to Section 3.02(c)
(such amounts at any time, as reduced by repayments with respect thereto as described below and amounts repaid with respect thereto pursuant to Section 4.03(b) at or prior to such time, the “L/C Other Reimbursement
Costs”) incurred by the L/C Issuing Bank in connection with such payment. Outstanding L/C Reimbursement Amounts and outstanding L/C Other Reimbursement Costs may be repaid in accordance with the Priority of Payments, with the proceeds of
any Advance or otherwise. Unless the entire outstanding L/C Reimbursement Amount with respect thereto has been repaid as set forth above, each drawing under any Letter of Credit shall (unless an Event of Bankruptcy shall have occurred and be
continuing with respect to the Issuer or any Guarantor, in which cases the procedures specified in Section 2.09 for funding by Committed Note Purchasers shall apply) constitute a request by the Issuer to the Administrative
Agent and each Funding Agent for a Base Rate Advance pursuant to Section 2.03 in the amount of the outstanding L/C Reimbursement Amount at such time, and the Issuer shall be deemed to have made such request pursuant to the
procedures set forth in Section 2.03. The applicable L/C Other Reimbursement Costs minus, without duplication, any such amounts repaid pursuant to Section 4.03(b), shall be paid as Class A-1 Notes Other Amounts subject to and in accordance with the Priority of Payments. In the event such request for a Base Rate Advance is deemed to have been given, the applicable Investors in each
Investor Group hereby agree to make Advances in an aggregate amount for each Investor Group equal to such Investor Group’s Commitment Percentage of the outstanding L/C Reimbursement Amount at such time and outstanding L/C Other Reimbursement
Costs at such time to pay the L/C Provider. The Borrowing date with respect to such Borrowing shall be the first date on which a Base Rate Advance could be made pursuant to Section 2.03 if the Administrative Agent had
received a notice of such Borrowing at the time the Administrative Agent receives notice from the L/C Provider of such drawing under such Letter of Credit. Such Investors shall make the amount of such Advances available to the Administrative Agent
in immediately available funds not later than 3:00 p.m. (New York City time) on such Borrowing date and the proceeds of such Advances shall be immediately made available by the Administrative Agent to the L/C Provider for application to the
reimbursement of such drawing. 
 (b) The Issuer’s obligations under Section 2.08(a) shall be
absolute and unconditional, and shall be performed strictly in accordance with the terms of this Agreement, under any and all circumstances and irrespective of (i) any setoff, counterclaim or defense to payment that the Issuer may have or has
had against the L/C Provider, the L/C Issuing Bank, any beneficiary of a Letter of Credit or any other Person, (ii) any lack of validity or enforceability of any Letter of Credit or this Agreement, or any term or provision therein,
(iii) payment by the L/C 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, (iv) payment by the L/C Issuing Bank under a Letter of Credit to
any Person purporting to be a trustee in bankruptcy, debtor-in-possession, assignee for the benefit of creditors, liquidator, receiver or other representative of or
successor to any beneficiary or any transferee of such Letter of Credit, including any arising in connection with any proceeding under the Bankruptcy Code or any other liquidation, conservatorship, assignment for the benefit of creditors,
moratorium, rearrangement, receivership, insolvency, reorganization or similar debtor relief laws of any jurisdictions or (v) any other event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the
provisions 

  
 15 

 
of this Section 2.08(b), constitute a legal or equitable discharge of, or provide a right of setoff against, the Issuer’s obligations hereunder. The Issuer
also agrees that the L/C Provider and the L/C Issuing Bank shall not be responsible for, and the Issuer’s Reimbursement Obligations under Section 2.08(a) shall not be affected by, among other things, the
validity or genuineness of documents or of any endorsements thereon, even though such documents shall in fact prove to be invalid, fraudulent or forged, or any dispute between or among the Issuer and any beneficiary of any Letter of Credit or any
other party to which such Letter of Credit may be transferred or any claims whatsoever of the Issuer against any beneficiary of such Letter of Credit or any such transferee. Neither the L/C Provider nor the L/C Issuing Bank shall be liable for any
error, omission, interruption, loss or delay in transmission, dispatch or delivery of any message or advice, however transmitted, in connection with any Letter of Credit, except for direct damages (as opposed to consequential damages, claims in
respect of which are hereby waived by the Issuer to the extent permitted by applicable law) caused by errors or omissions found by a final and nonappealable decision of a court of competent jurisdiction to have resulted from the gross negligence or
willful misconduct of the L/C Provider or the L/C Issuing Bank, as the case may be. The Issuer agrees that any action taken or omitted by the L/C Provider or the L/C Issuing Bank, as the case may be, under or in connection with any Letter of Credit
or the related drafts or documents, if done in the absence of gross negligence or willful misconduct and in accordance with the standards of care specified in the UCC of the State of New York, shall be binding on the Issuer and shall not result in
any liability of the L/C Provider or the L/C Issuing Bank to the Issuer. As between the Issuer and the L/C Issuing Bank, the Issuer hereby assumes all risks of the acts or omissions of any beneficiary or transferee with respect to such
beneficiary’s or transferee’s use of any Letter of Credit. In furtherance of the foregoing and without limiting the generality thereof, the Issuer agrees with the L/C Issuing Bank that, with respect to documents presented that appear on
their face to be in substantial compliance with the terms of a Letter of Credit, the L/C 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. In connection with each Interest Reserve Letter of Credit, the
Trustee as beneficiary shall be entitled to the benefit of every provision of the Base Indenture limiting the liability of or affording rights, benefits, protections, immunities or indemnities to the Trustee as if they were expressly set forth
herein mutatis mutandis. 
 (c) If any draft shall be presented for payment under any Letter of Credit for which the L/C Provider
has Actual Knowledge, the L/C Provider shall promptly notify the Manager, the Control Party, the Issuer and the Administrative Agent of the date and amount thereof. The responsibility of the applicable L/C Issuing Bank to the Issuer in connection
with any draft presented for payment under any Letter of Credit shall, in addition to any payment obligation expressly provided for in such Letter of Credit, be limited to determining that the documents (including each draft) delivered under such
Letter of Credit in connection with such presentment are substantially in conformity with such Letter of Credit and, in paying such draft, such L/C Issuing Bank shall not have any responsibility to obtain any document (other than any sight draft,
certificates and documents expressly required by such Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the authority of any Person(s) executing or delivering any such document. 

SECTION 2.09 L/C Participations. 

(a) The L/C Provider (on its behalf and on behalf of each L/C Issuing Bank) irrevocably agrees to grant and hereby grants to each Committed
Note Purchaser, and, to induce the L/C Provider to provide (or cause each L/C Issuing Bank to provide) Letters of Credit hereunder, each Committed Note Purchaser irrevocably and unconditionally agrees to accept and purchase and hereby accepts and
purchases from the L/C Provider (on its behalf and on behalf of each L/C Issuing Bank), on the terms and conditions set forth below, for such Committed Note Purchaser’s own account and risk an undivided interest equal to its Committed Note
Purchaser Percentage of the related Investor Group’s Commitment Percentage of the L/C Provider’s (or such L/C Issuing Bank’s) obligations and rights under and in respect of each Letter of Credit provided hereunder and the L/C
Reimbursement Amount with respect to each draft paid or reimbursed by the L/C Provider (or such L/C Issuing Bank) in connection therewith. 

  
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Subject to Section 2.07(c), each Committed Note Purchaser unconditionally and irrevocably agrees with the L/C Provider (on its behalf and on behalf of each L/C Issuing
Bank) that, if a draft is paid under any Letter of Credit for which the L/C Provider (on its behalf and on behalf of each L/C Issuing Bank) is not paid in full by the Issuer in accordance with the terms of this Agreement, such Committed Note
Purchaser shall pay to the Administrative Agent upon demand of the L/C Provider an amount equal to its Committed Note Purchaser Percentage of the related Investor Group’s Commitment Percentage of the L/C Reimbursement Amount with respect to
such draft, or any part thereof, that is not so paid. 
 (b) If any amount required to be paid by any Committed Note Purchaser to the
Administrative Agent for forwarding to the L/C Provider pursuant to Section 2.09(a) in respect of any unreimbursed portion of any payment made or reimbursed by the L/C Provider under any Letter of Credit is paid to
the Administrative Agent for forwarding to the L/C Provider within three (3) Business Days after the date such payment is due, such Committed Note Purchaser shall pay to the Administrative Agent for forwarding to the L/C Provider on demand an
amount equal to the product of (i) such amount, times (ii) the daily average Federal Funds Rate during the period from and including the date such payment is required to the date on which such payment is immediately available
to the L/C Provider, times (iii) a fraction the numerator of which is the number of days that elapse during such period and the denominator of which is 360. If any such amount required to be paid by any Committed Note Purchaser pursuant
to Section 2.09(a) is not made available to the Administrative Agent for forwarding to the L/C Provider by such Committed Note Purchaser within three Business Days after the date such payment is due, the L/C Provider
shall be entitled to recover from such Committed Note Purchaser, on demand, such amount with interest thereon calculated from such due date at the Base Rate. A certificate of the L/C Provider submitted to any Committed Note Purchaser with respect to
any amounts owing under this Section 2.09(b), in the absence of manifest error, shall be conclusive and binding on such Committed Note Purchaser. Such amounts payable under this
Section 2.09(b) shall be paid without any deduction for any withholding taxes. 
 (c) Whenever, at any
time after payment has been made under any Letter of Credit and the L/C Provider has received from any Committed Note Purchaser its pro rata share of such payment in accordance with Section 2.09(a), the
Administrative Agent or the L/C Provider receives any payment related to such Letter of Credit (whether directly from the Issuer or otherwise, including proceeds of collateral applied thereto by the L/C Provider), or any payment of interest on
account thereof, the Administrative Agent or the L/C Provider, as the case may be, will distribute to such Committed Note Purchaser its pro rata share thereof; provided, however, that in the event that any such payment received
by the Administrative Agent or the L/C Provider, as the case may be, shall be required to be returned by the Administrative Agent or the L/C Provider, such Committed Note Purchaser shall return to the Administrative Agent for the account of the L/C
Provider the portion thereof previously distributed by the Administrative Agent or the L/C Provider, as the case may be, to it. 
 (d) Each
Committed Note Purchaser’s obligation to make the Advances referred to in Section 2.08(a) and to pay its pro rata share of any unreimbursed draft pursuant to
Section 2.09(a) shall be absolute and unconditional and shall not be affected by any circumstance, including (i) any setoff, counterclaim, recoupment, defense or other right that such Committed Note Purchaser or
the Issuer may have against the L/C Provider, any L/C Issuing Bank, the Issuer or any other Person for any reason whatsoever; (ii) the occurrence or continuance of a Default or an Event of Default or the failure to satisfy any of the other
conditions specified in Article VII other than at the time the related Letter of Credit was issued; (iii) an adverse change in the condition (financial or otherwise) of the Issuer; (iv) any breach of this Agreement or any other
Indenture Document by the Issuer or any other Person; (v) any amendment, renewal or extension of any Letter of Credit in compliance with this Agreement or with the terms of such Letter of Credit, as applicable; or (vi) any other
circumstance, happening or event whatsoever, whether or not similar to any of the foregoing. 

  
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 ARTICLE III 

INTEREST AND FEES 
 SECTION 3.01
Interest. 
 (a) To the extent that an Advance is funded or maintained by a Conduit Investor through the issuance of Commercial
Paper, such Advance shall bear interest at the CP Rate applicable to such Conduit Investor. To the extent that, and only for so long as, an Advance is funded or maintained by a Conduit Investor through means other than the issuance of Commercial
Paper (based on its determination in good faith that it is unable to raise or is precluded or prohibited from raising, or that it is not advisable to raise, funds through the issuance of Commercial Paper in the commercial paper market of the United
States to finance its purchase or maintenance of such Advance or any portion thereof (which determination may be based on any allocation method employed in good faith by such Conduit Investor), including by reason of market conditions or by reason
of insufficient availability under any of its Program Support Agreement or the downgrading of any of its Program Support Providers), such Advance shall bear interest at (i) the Base Rate or (ii) if the required notice has been given
pursuant to Section 3.01(b) with respect to such Advance, for any Eurodollar Interest Accrual Period, the Eurodollar Rate applicable to such Eurodollar Interest Accrual Period for such Advance, in each case except as
otherwise provided in the definition of Eurodollar Interest Accrual Period or in Section 3.03 or 3.04. Each Advance funded or maintained by a Committed Note Purchaser or a Program Support Provider shall bear interest
at (i) the Base Rate or (ii) if the required notice has been given pursuant to Section 3.01(b) with respect to such Advance, for any Eurodollar Interest Accrual Period, the Eurodollar Rate applicable to
such Eurodollar Interest Accrual Period for such Advance, in each case except as otherwise provided in the definition of Eurodollar Interest Accrual Period or in Section 3.03 or 3.04. By (x) 11:00 a.m. (New York City
time) on the second Business Day preceding each Quarterly Calculation Date, each Funding Agent shall notify the Administrative Agent of the applicable CP Rate for each Advance made by its Investor Group that was funded or maintained through the
issuance of Commercial Paper and was outstanding during all or any portion of the Interest Accrual Period ending immediately prior to such Quarterly Calculation Date and (y) 3:00 p.m. (New York City time) on the second Business Day preceding each
Quarterly Calculation Date, the Administrative Agent shall notify the Issuer, the Manager, the Trustee, the Servicer and the Funding Agents of such applicable CP Rate and of the applicable interest rate for each other Advance for such Interest
Accrual Period and of the amount of interest accrued on Advances during such Interest Accrual Period. 
 (b) With respect to any Advance
(other than one funded or maintained by a Conduit Investor through the issuance of Commercial Paper), so long as no Potential Rapid Amortization Event, Rapid Amortization Period or Event of Default has commenced and is continuing, the Issuer
may elect that such Advance bear interest at the Eurodollar Rate for any Eurodollar Interest Accrual Period (which shall be a period with a term of, at the election of the Issuer subject to the proviso in the definition of Eurodollar Interest
Accrual Period, one month, two months, three months or six months) while such Advance is outstanding to the extent provided in Section 3.01(a) by giving notice thereof (including notice of the Issuer’s election
of the term for the applicable Eurodollar Interest Accrual Period) to the Funding Agents prior to 12:00 p.m. (New York City time) on the date which is two (2) Eurodollar Business Days prior to the commencement of such Eurodollar Interest
Accrual Period. If such notice is not given in a timely manner, such Advance shall bear interest at the Base Rate. Each such conversion to or continuation of Eurodollar Advances for a new Eurodollar Interest Accrual Period in accordance with this
Section 3.01(b) shall be in an aggregate principal amount of $500,000 or an integral multiple of $50,000 in excess thereof. 

(c) Any outstanding Swingline Loans and Unreimbursed L/C Drawings shall bear interest at the Base Rate. By (x) 11:00 a.m. (New York City
time) on the second Business Day preceding each Quarterly Calculation Date, the Swingline Lender shall notify the Administrative Agent in reasonable detail of the amount of interest accrued on any Swingline Loans during the Interest Accrual Period
ending on such date and the L/C Provider shall notify the Administrative Agent in reasonable detail of the amount of interest accrued on any Unreimbursed L/C Drawings during such Interest Accrual Period and the amount of fees accrued on any Undrawn
L/C Face Amounts during such Interest Accrual Period and (y) 3:00 p.m. on such date, the Administrative Agent shall notify the Servicer, the Trustee, the Issuer and the Manager of the amount of such accrued interest and fees as set forth in such
notices. 

  
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 (d) All accrued interest pursuant to Section 3.01(a) or
(c) shall be due and payable in arrears on each Quarterly Payment Date in accordance with the applicable provisions of the Indenture. 

(e) In addition, under the circumstances set forth in Section 3.4 of the Series
2019-3 Supplement, the Issuer shall pay quarterly interest in respect of the Series 2019-3 Class A-1 Outstanding Principal
Amount in an amount equal to the Series 2019-3 Class A-1 Post-Renewal Date Additional Interest payable pursuant to such Section 3.4
subject to and in accordance with the Priority of Payments. 
 (f) All computations of interest at the CP Rate and the Eurodollar Rate, all
computations of Series 2019-3 Class A-1 Post-Renewal Date Additional Interest (other than any accruing on any Base Rate Advances) and all computations of fees shall
be made on the basis of a year of 360 days and the actual number of days elapsed. All computations of interest at the Base Rate and all computations of Series 2019-3
Class A-1 Post-Renewal Date Additional Interest accruing on any Base Rate Advances shall be made on the basis of a 365 (or 366, as applicable) day year and actual number of days elapsed. Whenever any
payment of interest, principal or fees hereunder shall be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day unless specified otherwise in the Indenture and such extension of time shall be included
in the computation of the amount of interest owed. Interest shall accrue on each Advance, Swingline Loan and Unreimbursed L/C Drawing from and including the day on which it is made to but excluding the date of repayment thereof. 

(g) For purposes of the Series 2019-3 Class A-1 Notes,
“Interest Accrual Period” means a period commencing on and including the day that is two (2) Business Days prior to a Quarterly Calculation Date and ending on but excluding the day that is two (2) Business Days prior to the next
succeeding Quarterly Calculation Date. 
 SECTION 3.02 Fees. 

(a) The Issuer shall pay to the Administrative Agent for its own account the Administrative Agent Fees (as defined in the Series 2019-3 Class A-1 Notes Fee Letter, collectively, the “Administrative Agent Fees”) in accordance with the terms of the Series 2019-3 Class A-1 Notes Fee Letter and subject to the Priority of Payments. 

(b) On each Quarterly Payment Date on or prior to the Commitment Termination Date, the Issuer shall, in accordance with
Section 4.01, pay to each Funding Agent, for the account of the related Committed Note Purchaser(s), the Undrawn Commitment Fees (as defined in the Series 2019-3 Class A-1 Notes Fee Letter, the “Undrawn Commitment Fees”) in accordance with the terms of the Series 2019-3
Class A-1 Notes Fee Letter and subject to the Priority of Payments. 
 (c) The Issuer shall
pay (i) the fees required pursuant to Section 2.07 in respect of Letters of Credit and (ii) any other fees set forth in the Series 2019-3
Class A-1 Notes Fee Letter (including, without limitation, the Class A-1 Notes Upfront Fee and any Extension Fees (in each case as defined in the Series 2019-3 Class A-1 Notes Fee Letter)), subject to the Priority of Payments. 

(d) All fees payable pursuant to this Section 3.02 shall be calculated in accordance with
Section 3.01(f) and paid on the date due in accordance with the applicable provisions of the Indenture. Once paid, all fees shall be nonrefundable under all circumstances other than manifest error. 

SECTION 3.03 Eurodollar Lending Unlawful. If any Investor or Program Support Provider shall determine that any Change in Law makes it
unlawful, or any Official Body asserts that it is unlawful, for any such Person to fund or maintain any Advance as a Eurodollar Advance, the obligation of such Person to fund or maintain any such Advance as a Eurodollar Advance shall, upon such
determination, forthwith be suspended until such Person shall notify the Administrative Agent, the related Funding Agent, 

  
 19 

 
the Manager and the Issuer that the circumstances causing such suspension no longer exist, and all then-outstanding Eurodollar Advances of such Person shall be automatically converted into Base
Rate Advances at the end of the then-current Eurodollar Interest Accrual Period with respect thereto or sooner, if required by such law or assertion. 

SECTION 3.04 Deposits Unavailable. If the Administrative Agent shall have determined that: 

(a) by reason of circumstances affecting the relevant market, adequate and reasonable means do not exist for ascertaining the interest rate
applicable hereunder to the Eurodollar Advances; or 
 (b) with respect to any interest rate otherwise applicable hereunder to any
Eurodollar Advances the Eurodollar Interest Accrual Period for which has not then commenced, Investor Groups holding in the aggregate more than 50% of the Eurodollar Advances have determined that such interest rate will not adequately reflect the
cost to them of funding, agreeing to fund or maintaining such Eurodollar Advances for such Eurodollar Interest Accrual Period, 
 then, upon notice from the
Administrative Agent (which, in the case of clause (b) above, the Administrative Agent shall give upon obtaining actual knowledge that such percentage of the Investor Groups have so determined) to the Funding Agents, the Manager
and the Issuer, the obligations of the Investors to fund or maintain any Advance as a Eurodollar Advance after the end of the then-current Eurodollar Interest Accrual Period, if any, with respect thereto shall forthwith be suspended and on the date
such notice is given such Advances will convert to Base Rate Advances until the Administrative Agent has notified the Funding Agents and the Issuer that the circumstances causing such suspension no longer exist. 

If at any time the Administrative Agent determines (which determination shall be conclusive absent manifest error) that (i) the circumstances set forth
in Section 3.04 (a) or (b) have arisen and such circumstances are unlikely to be temporary or (ii) the circumstances set forth in Section 3.04 (a) or
(b) have not arisen but the supervisor for the administrator referred to in the definition of “Eurodollar Funding Rate” or a Governmental Authority having jurisdiction over the Administrative Agent has made a public statement
identifying a specific date after which the Eurodollar Funding Rate shall no longer be used for determining interest rates for loans, then the Administrative Agent and the Issuer shall endeavor to establish an alternate rate of interest to the
Eurodollar Funding Rate (any such proposed rate, a “LIBOR Successor Rate”) that gives due consideration to the then prevailing market convention for determining a rate of interest for syndicated loans in the United States at such
time, and shall enter into an amendment to this Agreement to reflect such alternate rate of interest and such other related changes to this Agreement as may be applicable, including LIBOR Successor Rate Conforming Changes (as defined below);
provided, that (i) if such alternate rate of interest shall be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement and (ii) any LIBOR Successor Rate proposed by the Administrative Agent shall be no less
favorable to the Issuer than comparable successor rates applied to other similarly situated issuers or borrowers under syndicated loan facilities and/or applied under other facilities under which the Administrative Agent functions in a similar
capacity. Notwithstanding anything to the contrary in Section 9.01, such amendment shall become effective without any further action or consent of any other party to this Agreement so long as the Administrative Agent shall
not have received, within five (5) Business Days of the date notice of such LIBOR Successor Rate is provided to Investor Groups, written notice from the Investor Groups holding more than (i) if no single Investor Group holds more than 50%
of the Commitments, 50% of the Commitments or (ii) if a single Investor Group holds more than 50% of the Commitments, two thirds of the Commitments; provided that the Commitment of any Defaulting Investor shall be disregarded in the
determination of whether such threshold percentage of Commitments has been met (“Required Investor Groups”) (or, in the event there are only two Investor Groups, any one of such Investor Groups) stating that such Required Investor
Groups reasonably object to such amendment. 

  
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 “LIBOR Successor Rate Conforming Changes” means, with respect to any
proposed LIBOR Successor Rate, any conforming changes to the definitions (and components thereof) and provisions relating to interest herein and in the Series 2019-3 Supplement, including, the definition of
“Base Rate”, “CP Funding Rate”, “Eurodollar Rate”, “Eurodollar Advance”, “Eurodollar Business Day”, “Eurodollar Funding Rate”, “Eurodollar Funding Rate (Reserve Adjusted)”,
“Eurodollar Reserve Percentage”, “Eurodollar Tranche”, “Series 2019-3 Class A-1 Note Rate”, “Eurodollar Interest Accrual
Period”, timing and frequency of determining rates and making payments of interest and other administrative matters as may be appropriate, in the discretion of the Administrative Agent, to reflect the adoption of such LIBOR Successor Rate and
to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent determines that adoption of any portion of such market practice is not administratively
feasible or that no market practice for the administration of such LIBOR Successor Rate exists, in such other manner of administration as the Administrative Agent determines in consultation with the Issuer). 

SECTION 3.05 Increased Costs, etc. The Issuer agrees to reimburse each Investor and any Program Support Provider (each, an
“Affected Person”, which term, for purposes of Sections 3.07 and 3.08, shall also include the Swingline Lender and the L/C Issuing Bank) for any increase in the cost of, or any reduction in the amount of any sum
receivable by any such Affected Person, including reductions in the rate of return on such Affected Person’s capital, in respect of funding or maintaining (or of its obligation to fund or maintain) any Advances that arise in connection with any
Change in Law which 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 Affected Person (except any such reserve requirement reflected in the Eurodollar Rate); or 

(ii) impose on any Affected Person or the London interbank market any other condition affecting this Agreement or Eurodollar
Advances made by such Affected Person or any Letter of Credit or participation therein; 
 except for such Changes in Law with respect to Increased Capital
Costs and Class A-1 Taxes which shall be governed by Sections 3.07 and 3.08, respectively (whether or not amounts are payable thereunder in respect thereof). For purposes of this Agreement,
(x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all regulations, requests, guidelines or directives issued in connection therewith and (y) all requests, rules, guidelines or directives promulgated by the Bank for
International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case, pursuant to Basel III, are deemed to have gone into effect and been
adopted subsequent to the date hereof. Each such demand shall be provided to the related Funding Agent and the Issuer in writing and shall state, in reasonable detail, the reasons therefor and the additional amount required fully to compensate such
Affected Person for such increased costs or reduced amount of return; provided that any such demand claiming reimbursement for increased costs resulting from a Change in Law described in clause (x) or (y) above shall, in addition, state the
basis upon which such amount has been calculated and certify that such Affected Person’s method of allocating such costs is fair and reasonable and that such Affected Person’s demand for payment of such costs hereunder, and such method of
allocation, is not inconsistent with its treatment of other borrowers which, as a credit matter, are substantially similar to the Issuer and which are subject to similar provisions. Such additional amounts (“Increased Costs”) shall
be deposited into the Collection Account by the Issuer within ten (10) Business Days of receipt of such notice to be payable as Series 2019-3 Class A-1 Notes
Other Amounts, subject to and in accordance with the Priority of Payments, to the Administrative Agent and by the Administrative Agent to such Funding Agent and by such Funding Agent directly to such Affected Person, and such notice shall, in the
absence of manifest error, be conclusive and binding on the Issuer; provided that with respect to any notice given to the Issuer under this Section 3.05 the Issuer shall not be under any obligation to pay any amount
with respect to any period prior to the date that is 180 days prior to such demand; provided further that if the Change in Law giving rise to such Increased Costs is retroactive, then the 180 day period referred to above shall be
extended to include the period of retroactive effect thereof. 

  
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 SECTION 3.06 Funding Losses. In the event any Affected Person shall incur any loss or
expense (including any loss or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Affected Person to fund or maintain any portion of the principal amount of any Advance as a Eurodollar Advance)
as a result of: 
 (a) any conversion, repayment, prepayment or redemption (for any reason, including, without limitation, as a result of
any Decrease or the acceleration of the maturity of such Eurodollar Advance) of the principal amount of any Eurodollar Advance on a date other than the scheduled last day of the Eurodollar Interest Accrual Period applicable thereto; 

(b) any Advance not being funded or maintained as a Eurodollar Advance after a request therefor has been made in accordance with the terms
contained herein (for a reason other than the failure of such Affected Person to make an Advance after all conditions thereto have been met); or 

(c) any failure of the Issuer to make a Decrease, prepayment or redemption with respect to any Eurodollar Advance after giving notice thereof
pursuant to the applicable provisions of the Series 2019-3 Supplement; 
 then, upon the written notice of any
Affected Person to the related Funding Agent and the Issuer, the Issuer shall deposit into the Collection Account (within ten (10) Business Days of receipt of such notice) to be payable as Series 2019-3 Class A-1 Notes Other Amounts, subject to and in accordance with the Priority of Payments, to the Administrative Agent and by the Administrative Agent to such Funding Agent and such Funding Agent shall pay
directly to such Affected Person such amount (“Breakage Amount” or “Series 2019-3 Class A-1 Breakage Amount”) as
will (in the reasonable determination of such Affected Person) reimburse such Affected Person for such loss or expense; With respect to any notice given to the Issuer under this Section 3.06 the Issuer shall not be under
any obligation to pay any amount with respect to any period prior to the date that is 180 days prior to such notice. Such written notice (which shall include calculations in reasonable detail) shall, in the absence of manifest error, be conclusive
and binding on the Issuer. 
 SECTION 3.07 Increased Capital or Liquidity Costs. If any Change in Law affects or would affect the
amount of capital or liquidity required or reasonably expected to be maintained by any Affected Person or any Person controlling such Affected Person and such Affected Person determines in its sole and absolute discretion that the rate of return on
its or such controlling Person’s capital as a consequence of its commitment hereunder or under a Program Support Agreement or the Advances, Swingline Loans or Letters of Credit made or issued by such Affected Person is reduced to a level below
that which such Affected Person or such controlling Person would have achieved but for the occurrence of any such circumstance, then, in any such case after notice from time to time by such Affected Person (or in the case of an L/C Issuing Bank, by
the L/C Provider) to the related Funding Agent and the Issuer (or, in the case of the Swingline Lender or the L/C Provider, to the Issuer), the Issuer shall deposit into the Collection Account within ten (10) Business Days of the Issuer’s
receipt of such notice, to be payable as Series 2019-3 Class A-1 Notes Other Amounts, subject to and in accordance with the Priority of Payments, to the
Administrative Agent and by the Administrative Agent to such Funding Agent (or, in the case of the Swingline Lender or the L/C Provider, directly to such Person) and such Funding Agent shall pay to such Affected Person, such amounts
(“Increased Capital Costs”) as will be sufficient to compensate such Affected Person or such controlling Person for such reduction in rate of return; provided that with respect to any notice given to the Issuer under this
Section 3.07 the Issuer shall not be under any obligation to pay any amount with respect to any period prior to the date that is 180 days prior to such notice; provided further that if the Change in Law giving
rise to such Increased Capital Costs is retroactive, then the 180 day period referred to above shall be extended to include the period of retroactive effect thereof. A statement of such Affected Person as to any such additional amount or amounts
(including calculations thereof in reasonable detail), in the absence of manifest error, shall be conclusive and binding on the Issuer. In determining such additional amount, such Affected Person may use any method of averaging and attribution that
it (in its reasonable discretion) shall deem applicable so long as it applies such method to other similar transactions. 

  
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For purposes of this Agreement, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all regulations, requests, guidelines or directives issued in connection therewith and
(ii) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities,
in each case, pursuant to Basel III, are deemed to have gone into effect and been adopted subsequent to the date hereof. 
 SECTION 3.08
Taxes. 
 (a) Except as otherwise required by law, all payments by the Issuer of principal of, and interest on, the Advances, the
Swingline Loans and the L/C Obligations and all other amounts payable hereunder (including fees) shall be made free and clear of and without deduction or withholding for or on account of any present or future income, excise, documentary, property,
stamp or franchise taxes and other taxes, fees, duties, withholdings or other charges in the nature of a tax imposed by any taxing authority including all interest, penalties or additions to tax and other liabilities with respect thereto (all such
taxes, fees, duties, withholdings and other charges, and including all interest, penalties or additions to tax and other liabilities with respect thereto, being called “Class A-1
Taxes”), but excluding in the case of any Affected Person (i) net income, franchise (imposed in lieu of net income) or similar Class A-1 Taxes (and including branch profits or alternative
minimum Class A-1 Taxes) and any other Class A-1 Taxes imposed or levied on the Affected Person as a result of a connection between the Affected Person and the
jurisdiction of the governmental authority imposing such Class A-1 Taxes or any political subdivision or taxing authority thereof or therein (other than any such connection arising solely from such
Affected Person having executed, delivered or performed its obligations or received a payment under, or enforced, this Agreement or any other Transaction Document), (ii) with respect to any Affected Person organized under the laws of, or having its
principal office or, in the case of any Lender, its applicable lending office located in a jurisdiction other than the United States or any state of the United States (a “Foreign Affected Person”), any withholding tax that is
imposed on amounts payable to the Foreign Affected Person at the time the Foreign Affected Person becomes a party to this Agreement (or designates a new lending office), except to the extent that such Foreign Affected Person (or its assignor, if
any) was already entitled, at the time of the designation of the new lending office (or assignment), to receive additional amounts from the Issuer with respect to withholding tax, (iii) any taxes imposed under FATCA, (iv) any backup
withholding tax and (v) any Class A-1 Taxes imposed as a result of such Affected Person’s failure to comply with Section 3.08(d) (such Class A-1
Taxes not excluded by (i),(ii), (iii), (iv) and (v) above being called “Non-Excluded Taxes”). If any Class A-1 Taxes are imposed and required
by law to be withheld or deducted from any amount payable by the Issuer hereunder to an Affected Person, then (x) if such Class A-1 Taxes are Non-Excluded
Taxes, the amount of the payment shall be increased so that such payment is made, after withholding or deduction for or on account of such Non-Excluded Taxes, in an amount that is not less than the amount
equal to the sum that would have been received by the Affected Person had no such deduction or withholding been required and (y) the Issuer shall withhold the amount of such Class A-1 Taxes from such
payment (as increased, if applicable, pursuant to the preceding clause (x)) and shall pay such amount, subject to and in accordance with the Priority of Payments, to the taxing authority imposing such
Class A-1 Taxes in accordance with applicable law. 
 (b) Moreover, if any Non-Excluded Taxes are directly asserted against any Affected Person or its agent with respect to any payment received by such Affected Person or its agent from the Issuer or otherwise in respect of any Transaction
Document or the transactions contemplated therein, such Affected Person or its agent may pay such Non-Excluded Taxes and the Issuer will, within five (5) Business Days of the Issuer’s receipt of
written notice stating the amount of such Non-Excluded Taxes (including the calculation thereof in reasonable detail), deposit into the Collection Account, to be distributed as Series 2019-3 Class A-1 Notes Other Amounts, subject to and in accordance with the Priority of Payments, to the Administrative Agent and by the Administrative Agent to the
applicable Funding Agent (or, in the case such affected person is the Swingline Lender or the L/C Provider, directly to such Person) and such Funding Agent shall pay to such Affected Person, such additional amounts (collectively, “Increased
Tax Costs,” which term shall include all amounts payable by or on behalf of the Issuer pursuant 

  
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to this Section 3.08) as is necessary in order that the net amount received by such Affected Person or agent after the payment of such
Non-Excluded Taxes (including any Non-Excluded Taxes on such Increased Tax Costs) shall equal the amount such Person would have received had no such Non-Excluded Taxes been asserted. Any amount payable to an Affected Person under this Section 3.08 shall be reduced by, and Increased Tax Costs shall not include, the amount of incremental
damages (including Class A-1 Taxes) due or payable by the Issuer as a direct result of such Affected Person’s failure to demand from the Issuer additional amounts pursuant to this
Section 3.08 within 180 days from the date on which the related Non-Excluded Taxes were incurred. 

(c) As promptly as practicable after the payment of any Class A-1 Taxes, and in any event within
thirty (30) days of any such payment being due, the Issuer shall furnish to each applicable Affected Person or its agents a certified copy of an official receipt (or other documentary evidence satisfactory to such Affected Person and agents)
evidencing the payment of such Class A-1 Taxes. If the Issuer fails to pay any Class A-1 Taxes when due to the appropriate taxing authority or fails to remit
to the Affected Persons or their agents the required receipts (or such other documentary evidence), the Issuer shall indemnify (by depositing such amounts into the Collection Account, to be distributed subject to and in accordance with the Priority
of Payments) each Affected Person and its agents for any Non-Excluded Taxes that may become payable by any such Affected Person or its agents as a result of any such failure. 

(d) Each Affected Person on or prior to the date it becomes a party to this Agreement (and from time to time thereafter as soon as
practicable after the obsolescence, expiration or invalidity of any form or document previously delivered) or within a reasonable period of time following a written request by the Administrative Agent or the Issuer, shall deliver to the Issuer and
the Administrative Agent a United States Internal Revenue Service Form W-8BEN, Form W-8BEN-E, Form
W-8ECI, Form W-8IMY or Form W-9, as applicable, or applicable successor form, or such other forms or documents (or successor
forms or documents), appropriately completed and executed, as may be applicable and as will permit the Issuer or the Administrative Agent, in their reasonable determination, to establish the extent to which a payment to such Affected Person is
exempt from or eligible for a reduced rate of withholding or deduction of United States federal withholding taxes and to determine whether or not such Affected Person is subject to backup withholding or information reporting requirements. Promptly
following the receipt of a written request by the Issuer or the Administrative Agent, each Affected Person shall deliver to the Issuer and the Administrative Agent any other forms or documents (or successor forms or documents) appropriately
completed and executed, as may be applicable to establish the extent to which a payment to such Affected Person is exempt from withholding or deduction of Non-Excluded Taxes other than United States federal
withholding taxes, including but not limited to, such information necessary to claim the benefits of the exemption for portfolio interest under Section 881(c) of the Code. The Issuer shall not be required to pay any increased amount under
Section 3.08(a) or Section 3.08(b) to an Affected Person in respect of the withholding or deduction of United States federal withholding taxes or other Non-Excluded Taxes imposed as the result of the
failure or inability (other than as a result of a Change in Law) of such Affected Person to comply with the requirements set forth in this Section 3.08(d). The Issuer may rely on any form or document provided pursuant to this
Section 3.08(d) until notified otherwise by the Affected Person that delivered such form or document. Notwithstanding anything to the contrary, no Affected Person shall be required to deliver any documentation that it is
not legally eligible to deliver as a result of a change in applicable law after the time the Affected Person becomes a party to this Agreement (or designates a new lending office). 

(e) If a payment made to an Affected Person pursuant to this Agreement would be subject to United States federal withholding tax imposed by
FATCA if such Affected Person were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Affected Person shall deliver to the Issuer and
the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the Issuer or the Administrative Agent such documentation prescribed by applicable law (including as prescribed by
Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably 

  
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requested by the Issuer or the Administrative Agent as may be necessary for the Issuer and the Administrative Agent to comply with their obligations under FATCA and to determine that such
Affected Person has complied with such Affected Person’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (e), “FATCA” shall include any amendments made to
FATCA after the date of this Agreement. 
 (f) Prior to the Series 2019-3 Closing Date, the
Administrative Agent will provide the Issuer with a properly executed and completed U.S. Internal Revenue Service Form W-8IMY or W-9, as appropriate. 

(g) If an Affected Person determines, in its sole reasonable discretion, that it has received a refund of any
Non-Excluded Taxes as to which it has been indemnified pursuant to this Section 3.08 or as to which it has been paid additional amounts pursuant to this
Section 3.08, it shall promptly notify the Issuer and the Manager in writing of such refund and shall, within 30 days after receipt of a written request from the Issuer, pay over such refund to the Issuer (but only to the
extent of indemnity payments made or additional amounts paid to such Affected Person under this Section 3.08 with respect to the Non-Excluded Taxes giving rise to such refund), net of
all out-of-pocket expenses (including the net amount of Class A-1 Taxes, if any, imposed on or with respect to such refund
or payment) of the Affected Person and without interest (other than any interest paid by the relevant taxing authority that is directly attributable to such refund of such Non-Excluded Taxes); provided
that the Issuer, immediately upon the request of the Affected Person (which request shall include a calculation in reasonable detail of the amount to be repaid), agrees to repay the amount of the refund (and any applicable interest) (plus any
penalties, interest or other charges imposed by the relevant taxing authority with respect to such amount) to the Affected Person in the event the Affected Person or any other Person is required to repay such refund to such taxing authority. This
Section 3.08 shall not be construed to require the Affected Person to make available its tax returns (or any other information relating to its Class A-1 Taxes that it deems
confidential) to the Issuer or any other Person. 
 (h) If any Governmental Authority asserts that the Issuer or the Administrative Agent
or other withholding agent did not properly withhold or backup withhold, as the case may be, any Class A-1 Taxes from payments made to or for the account of any Affected Person, then to the extent such
improper withholding or backup withholding was directly caused by such Affected Person’s actions or inactions, such Affected Person shall indemnify the Issuer, Trustee and the Administrative Agent for any
Class A-1 Taxes imposed by any jurisdiction on the amounts payable to the Issuer and the Administrative Agent under this Section 3.08, and costs and expenses (including attorney costs) of the Issuer,
Trustee and the Administrative Agent. The obligation of the Affected Persons, severally, under this Section 3.08 shall survive any assignment of rights by, or the replacement of, an Affected Person or the termination of the aggregate
Commitments, repayment of all other Obligations hereunder and the resignation of the Administrative Agent. 
 (i) The Administrative Agent,
Trustee or any other withholding agent may deduct and withhold any Class A-1 Taxes required by any laws to be deducted and withheld from any payments. 

SECTION 3.09 Change of Lending Office. Each Committed Note Purchaser agrees that, upon the occurrence of any event giving rise to the
operation of Section 3.05 or 3.07 or the payment of additional amounts to it under Section 3.08(a) or (b) with respect to such Committed Note Purchaser, it will, if
requested by the Issuer, use reasonable efforts (subject to overall policy considerations of such Committed Note Purchaser) to designate another lending office for any Advances affected by such event with the object of avoiding the consequences of
such event; provided that such designation is made on terms that, in the sole judgment of such Committed Note Purchaser, cause such Committed Note Purchaser and its lending office(s) or its related Conduit Investor to suffer no economic,
legal or regulatory disadvantage; and provided, further, that nothing in this Section 3.09 shall affect or postpone any of the obligations of the Issuer or the rights of any Committed Note Purchaser pursuant
to Section 3.05, 3.07 and 

  
 25 

 
3.08. If a Committed Note Purchaser notifies the Issuer in writing that such Committed Note Purchaser will be unable to designate another lending office, the Issuer may replace every
member (but not any subset thereof) of such Committed Note Purchaser’s entire Investor Group by giving written notice to each member of such Investor Group and the Administrative Agent designating one or more Persons that are willing and able
to purchase each member of such Investor Group’s rights and obligations under this Agreement for a purchase price that with respect to each such member of such Investor Group will equal the amount owed to each such member of such Investor Group
with respect to the Series 2019-3 Class A-1 Advance Notes (whether arising under the Indenture, this Agreement, the Series
2019-3 Class A-1 Advance Notes or otherwise). Upon receipt of such written notice, each member of such Investor Group shall assign its rights and obligations under
this Agreement pursuant to and in accordance with Sections 9.17(a), (b) and (c), as applicable, in consideration for such purchase price and at the reasonable expense of the Issuer (including, without limitation, the
reasonable documented fees and out-of-pocket expenses of counsel to each such member); provided, however, that no member of such Investor Group shall be
obligated to assign any of its rights and obligations under this Agreement if the purchase price to be paid to such member is not at least equal to the amount owed to such member with respect to the Series
2019-3 Class A-1 Advance Notes (whether arising under the Indenture, this Agreement, the Series 2019-3 Class A-1 Advance Notes or otherwise). 
 ARTICLE IV 

OTHER PAYMENT TERMS 
 SECTION 4.01
Time and Method of Payment. Except as otherwise provided in Section 4.02, all amounts payable to any Funding Agent or Investor hereunder or with respect to the Series 2019-3 Class A-1 Advance Notes shall be made to the Administrative Agent for the benefit of the applicable Person, by wire transfer of immediately available funds in Dollars not later than 1:00 p.m. (New York City
time) on the date due. The Administrative Agent will promptly, and in any event by 5:00 p.m. (New York City time) on the same Business Day as its receipt or deemed receipt of the same, distribute to the applicable Funding Agent for the benefit of
the applicable Person, or upon the order of the applicable Funding Agent for the benefit of the applicable Person, its pro rata share (or other applicable share as provided herein) of such payment by wire transfer in like funds as received.
Except as otherwise provided in Section 2.07 and Section 4.02, all amounts payable to the Swingline Lender or the L/C Provider hereunder or with respect to the Swingline Loans and L/C Obligations
shall be made to or upon the order of the Swingline Lender or the L/C Provider, respectively, by wire transfer of immediately available funds in Dollars not later than 1:00 p.m. (New York City time) on the date due. Any funds received after that
time will be deemed to have been received on the next Business Day. The Issuer’s obligations hereunder in respect of any amounts payable to any Investor shall be discharged to the extent funds are disbursed by the Issuer to the Administrative
Agent as provided herein or by the Trustee or Paying Agent in accordance with Section 4.02 whether or not such funds are properly applied by the Administrative Agent or by the Trustee or Paying Agent. The Administrative
Agent’s obligations hereunder in respect of any amounts payable to any Investor shall be discharged to the extent funds are disbursed by the Administrative Agent to the applicable Funding Agent as provided herein whether or not such funds are
properly applied by such Funding Agent. 
 SECTION 4.02 Order of Distributions. Subject to
Section 9.18(c)(ii), any amounts deposited into the Series 2019-3 Class A-1 Distribution Account in respect of accrued
interest, letter of credit fees or undrawn commitment fees, but excluding amounts allocated for the purpose of reducing the Series 2019-3 Class A-1 Outstanding
Principal Amount, shall be distributed by the Trustee or the Paying Agent, as applicable, on the date due and payable under the Indenture and in the manner provided therein, to the Series 2019-3 Class A-1 Noteholders of record on the applicable Record Date, ratably in proportion to the respective amounts due to such payees at each applicable level of the Priority of Payments in accordance with the
applicable Quarterly Noteholders’ Report, the applicable written report provided to the Trustee under the Series 2019-3 Supplement or as provided in Section 3.3 of the Series 2019-3 Supplement. Subject to Section 9.18(c)(ii), any amounts deposited into the Series 2019-3
Class A-1 Distribution Account in respect of outstanding principal or face amounts shall be distributed by the Trustee or the Paying Agent, as applicable, on the date due and payable under the Indenture
and in the manner provided therein, to the 

  
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Series 2019-3 Class A-1 Noteholders of record on the applicable Record Date, in the following order of
priority in accordance with the applicable Quarterly Noteholders’ Report, the applicable written report provided to the Trustee under the Series 2019-3 Supplement or as provided in
Section 3.3 of the Series 2019-3 Supplement: first, to the Swingline Lender and the L/C Provider in respect of outstanding Swingline Loans and Unreimbursed L/C Drawings, to the
extent Unreimbursed L/C Drawings cannot be reimbursed pursuant to Section 2.08, ratably in proportion to the respective amounts due to such payees; second, to the other Series
2019-3 Class A-1 Noteholders in respect of their outstanding Advances, ratably in proportion thereto; and, third, any balance remaining of such amounts (up
to an aggregate amount not to exceed the amount of Undrawn L/C Face Amounts at such time) shall be paid to the L/C Provider, to be deposited by the L/C Provider into a cash collateral account in the name of the L/C Provider in accordance with
Section 4.03(b). Any amounts distributed to the Administrative Agent pursuant to the Priority of Payments in respect of any other amounts related to the Class A-1 Notes
shall be distributed by the Administrative Agent in accordance with Section 4.01 on the date such amounts are due and payable hereunder to the applicable Series 2019-3 Class A-1 Noteholders and/or the Administrative Agent for its own account, as applicable, ratably in proportion to the respective aggregate of such amounts due to such payees. 

SECTION 4.03 L/C Cash Collateral. (a) If as of five (5) Business Days prior to the Commitment Termination Date, any Undrawn
L/C Face Amounts remain in effect, the Issuer shall either (i) provide cash collateral (in an aggregate amount equal to the amount of Undrawn L/C Face Amounts at such time, to the extent that such amount of cash collateral has not been provided
pursuant to Section 4.02 or 9.18(c)(ii)) to the L/C Provider, to be deposited by the L/C Provider into a cash collateral account in the name of the L/C Provider in accordance with
Section 4.03(b) or (ii) other than with respect to Interest Reserve Letters of Credit, make arrangements satisfactory to the L/C Provider in its sole and absolute discretion with the L/C Provider (and, if the
L/C Provider is not the L/C Issuing Bank with respect to such Letter of Credit, the L/C Issuing Bank) pursuant to Section 4.04 such that any Letters of Credit that remain outstanding as of the date that is ten
(10) Business Days prior to the Commitment Termination Date shall cease to be deemed outstanding or to be deemed “Letters of Credit” for purposes of this Agreement as of the Commitment Termination Date. 

(b) All amounts to be deposited in a cash collateral account pursuant to Section 4.02,
Section 4.03(a) or Section 9.18(c)(ii) shall be held by the L/C Provider as collateral to secure the Issuer’s Reimbursement Obligations with respect to any outstanding Letters of
Credit. The L/C Provider 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 deposit in Eligible Investments, which investments shall be
made at the written direction, and at the risk and expense, of the Issuer (provided that if an Event of Default has occurred and is continuing, such investments shall be made solely at the option and sole discretion of the L/C Provider), such
deposits shall not bear interest. Interest or profits, if any, on such investments shall accumulate in such account and all Class A-1 Taxes on such amounts shall be payable by the Issuer. Moneys in such
account shall automatically be applied by such L/C Provider to reimburse it for any Unreimbursed L/C Drawings. Upon expiration of all then-outstanding Letters of Credit and payment in full of all Unreimbursed L/C Drawings, any balance remaining in
such account shall be paid over (i) if the Base Indenture and any Series Supplement remain in effect, to the Trustee to be deposited into the Collection Account and distributed in accordance with the terms of the Base Indenture and
(ii) otherwise to the Issuer; provided that, upon an Investor ceasing to be a Defaulting Investor in accordance with Section 9.18(d), any amounts of cash collateral provided pursuant to
Section 9.18(c)(ii) upon such Investor becoming a Defaulting Investor shall be released and applied as such amounts would have been applied had such Investor not become a Defaulting Investor. 

SECTION 4.04 Alternative Arrangements with Respect to Letters of Credit. Notwithstanding any other provision of this Agreement or any
Transaction Document, a Letter of Credit (other than an Interest Reserve Letter of Credit) shall cease to be deemed outstanding for all purposes of this Agreement and each other Transaction Document if and to the extent that provisions, in form and
substance satisfactory to the L/C Provider (and, if the L/C Provider is not the L/C Issuing Bank with respect 

  
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to such Letter of Credit, the L/C Issuing Bank) in its sole and absolute discretion, have been made with respect to such Letter of Credit such that the L/C Provider (and, if applicable, the L/C
Issuing Bank) has agreed in writing, with a copy of such agreement delivered to the Administrative Agent, the Control Party, the Trustee and the Issuer, that such Letter of Credit shall be deemed to be no longer outstanding hereunder, in which event
such Letter of Credit shall cease to be a “Letter of Credit” as such term is used herein and in the Transaction Documents. 

ARTICLE V 
 THE ADMINISTRATIVE
AGENT AND THE FUNDING AGENTS 
 SECTION 5.01 Authorization and Action of the Administrative Agent. Each of the Lender Parties and the
Funding Agents hereby designates and appoints Barclays Bank PLC as the Administrative Agent hereunder, and hereby authorizes the Administrative Agent to take such actions as agent on their behalf and to exercise such powers as are delegated to the
Administrative Agent by the terms of this Agreement together with such powers as are reasonably incidental thereto. The Administrative Agent shall not have any duties or responsibilities, except those expressly set forth herein, or any fiduciary
relationship with any Lender Party or any Funding Agent, and no implied covenants, functions, responsibilities, duties, obligations or liabilities on the part of the Administrative Agent shall be read into this Agreement or otherwise exist for the
Administrative Agent. In performing its functions and duties hereunder, the Administrative Agent shall act solely as agent for the Lender Parties and the Funding Agents and does not assume nor shall it be deemed to have assumed any obligation or
relationship of trust or agency with or for the Issuer or any of its successors or assigns. The provisions of this Article (other than the rights of the Issuer set forth in Section 5.07) are solely for the benefit of the
Administrative Agent, the Lender Parties and the Funding Agents, and the Issuer shall not have any rights as a third party beneficiary of any such provisions. The Administrative Agent shall not be required to take any action that, in its opinion or
the opinion of its counsel, exposes the Administrative Agent to personal liability or that is contrary to this Agreement or any Requirement of Law. The appointment and authority of the Administrative Agent hereunder shall terminate upon the
indefeasible payment in full of the Series 2019-3 Class A-1 Notes and all other amounts owed by the Issuer hereunder to the Administrative Agent, all members of the
Investor Groups, the Swingline Lender and the L/C Provider (the “Aggregate Unpaids”) and termination in full of all Commitments and the Swingline Commitment and the L/C Commitment. 

SECTION 5.02 Delegation of Duties. The Administrative Agent may execute any of its duties under this Agreement by or through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. The exculpatory provisions of this Article shall apply to any
such agents or attorneys-in-fact and shall apply to their respective activities on behalf of the Administrative Agent. The Administrative Agent shall not be responsible
for the negligence or misconduct of any agents or attorneys-in-fact selected by it in good faith. 

SECTION 5.03 Exculpatory Provisions. Neither the Administrative Agent nor any of its directors, officers, agents or employees shall be
(a) liable for any action lawfully taken or omitted to be taken by it or them under or in connection with this Agreement (except for its, their or such Person’s own gross negligence or willful misconduct as determined by a court of
competent jurisdiction by a final and nonappealable judgment), or (b) responsible in any manner to any Lender Party or any Funding Agent for any recitals, statements, representations or warranties made by the Issuer or any Guarantor contained
in this Agreement or in any certificate, report, statement or other document referred to or provided for in, or received under or in connection with, this Agreement for the due execution, legality, value, validity, effectiveness, genuineness,
enforceability or sufficiency of this Agreement or any other document furnished in connection herewith, or for any failure of the Issuer or any Guarantor to perform its obligations hereunder, or for the satisfaction of any condition specified in
Article VII. The Administrative Agent shall not be under any obligation to any Investor or any Funding Agent to ascertain or to inquire as to the observance or performance of any of the agreements or covenants contained in, or conditions of,
this Agreement, or to inspect the properties, books or records of the Issuer. The Administrative Agent shall not be deemed to have knowledge of any Potential Rapid Amortization Event, Rapid Amortization Event, Default or Event of Default unless the
Administrative Agent has received notice in writing of such event from the Issuer, any Lender Party or any Funding Agent. 

  
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 SECTION 5.04 Reliance. The Administrative Agent shall in all cases be entitled to
rely, and shall be fully protected in relying, upon any document or conversation believed by it to be genuine and correct and to have been signed, sent or made by the proper Person or Persons and upon advice and statements of legal counsel
(including, without limitation, counsel to the Issuer), independent accountants and other experts selected by the Administrative Agent. The Administrative Agent shall in all cases be fully justified in failing or refusing to take any action under
this Agreement or any other document furnished in connection herewith unless it shall first receive such advice or concurrence of any Lender Party or any Funding Agent as it deems appropriate or it shall first be indemnified to its satisfaction by
any Lender Party or any Funding Agent; provided that unless and until the Administrative Agent shall have received such advice, the Administrative Agent may take or refrain from taking any action, as the Administrative Agent shall deem
advisable and in the best interests of the Lender Parties and the Funding Agents. The Administrative Agent shall in all cases be fully protected in acting, or in refraining from acting, in accordance with a request of the Required Investor Groups
and such request and any action taken or failure to act pursuant thereto shall be binding upon the Lender Parties and the Funding Agents. 

SECTION 5.05 Non-Reliance on the Administrative Agent and Other Purchasers. Each of the Lender
Parties and the Funding Agents expressly acknowledges that neither the Administrative Agent nor any of its officers, directors, employees, agents, attorneys-in-fact or
Affiliates has made any representations or warranties to it and that no act by the Administrative Agent hereafter taken, including, without limitation, any review of the affairs of the Issuer, shall be deemed to constitute any representation or
warranty by the Administrative Agent. Each of the Lender Parties and the Funding Agents represents and warrants to the Administrative Agent that it has and will, independently and without reliance upon the Administrative Agent and based on such
documents and information as it has deemed appropriate, made its own appraisal of, and investigation into, the business, operations, property, prospects, financial and other conditions and creditworthiness of the Issuer and made its own decision to
enter into this Agreement. 
 SECTION 5.06 The Administrative Agent in its Individual Capacity. The Administrative Agent and any of
its Affiliates may make loans to, accept deposits from, and generally engage in any kind of business with the Issuer or any Affiliate of the Issuer as though the Administrative Agent were not the Administrative Agent hereunder. 

SECTION 5.07 Successor Administrative Agent; Defaulting Administrative Agent. 

(a) The Administrative Agent may, upon thirty (30) days’ notice to the Issuer and each of the Lender Parties and the Funding Agents,
and the Administrative Agent will, upon the direction of Investor Groups holding 100% of the Commitments (excluding any Commitments held by Defaulting Investors), resign as Administrative Agent. If the Administrative Agent shall resign, then the
Required Investor Groups (excluding any Commitments held by the resigning Administrative Agent or its Affiliates, and if all Commitments are held by the resigning Administrative Agent or its Affiliates, then the Issuer), during such 30-day period, shall appoint an Affiliate of a member of the Investor Groups as a successor administrative agent, subject to the consent of (i) the Issuer at all times other than while an Event of Default has
occurred and is continuing (which consent of the Issuer shall not be unreasonably withheld or delayed) and (ii) the Control Party (which consent of the Control Party shall not be unreasonably withheld or delayed). If for any reason no successor
Administrative Agent is appointed by the Required Investor Groups during such 30-day period, then effective upon the expiration of such 30-day period, the Issuer shall
make all payments in respect of the Aggregate Unpaids or under any fee letter delivered in connection herewith (including, without limitation, the Series 2019-3
Class A-1 Notes Fee Letter) directly to the Funding Agents or the Swingline Lender or the L/C Provider, as applicable, and the Issuer for all purposes shall deal directly with the Funding Agents or the
Swingline Lender or the L/C Provider, as applicable, until such time, if any, as a successor administrative agent is appointed as provided above, and the Issuer shall instruct the Trustee in writing accordingly. After any retiring Administrative
Agent’s resignation hereunder as Administrative Agent, the provisions of Section 9.05 and this Article V shall inure to its benefit as to any actions taken or omitted to be taken by it while it was the
Administrative Agent under this Agreement. 

  
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 (b) The Issuer may, upon the occurrence of any of the following events (any such event, a
“Defaulting Administrative Agent Event”) and with the consent of the Required Investor Groups, remove the Administrative Agent and, upon such removal, the Required Investor Groups shall appoint an Affiliate of a member of the
Investor Groups as a successor administrative agent, subject to the consent of (x) the Issuer at all times other than while an Event of Default has occurred and is continuing (which consent of the Issuer shall not be unreasonably withheld or
delayed) and (y) the Control Party (which consent of the Control Party shall not be unreasonably withheld or delayed): (i) an Event of Bankruptcy with respect to the Administrative Agent; (ii) if the Person acting as Administrative Agent
or an Affiliate thereof is also an Investor, any other event pursuant to which such Person becomes a Defaulting Investor; (iii) the failure by the Administrative Agent to pay or remit any funds required to be remitted when due (in each case, if
amounts are available for payment or remittance in accordance with the terms of this Agreement for application to the payment or remittance thereof) which continues for two (2) Business Days after such funds were required to be paid or
remitted; (iv) any representation, warranty, certification or statement made by the Administrative Agent under this Agreement or in any agreement, certificate, report or other document furnished by the Administrative Agent proves to have been
false or misleading in any material respect as of the time made or deemed made, and if such representation, warranty, certification or statement is susceptible of remedy in all material respects, is not remedied within thirty (30) calendar days
after knowledge thereof or notice by the Issuer to the Administrative Agent, and if not susceptible of remedy in all material respects, upon notice by the Issuer to the Administrative Agent or (v) any act constituting the gross negligence or
willful misconduct of the Administrative Agent. If for any reason no successor Administrative Agent is appointed by the Investor Groups within 30 days of the Administrative Agent’s removal pursuant to the immediately preceding sentence, then
effective upon the expiration of such 30-day period, the Issuer shall make all payments in respect of the Aggregate Unpaids or under any fee letter delivered in connection herewith (including, without
limitation, the Series 2019-3 Class A-1 Notes Fee Letter) directly to the Funding Agents or the Swingline Lender or the L/C Provider, as applicable, and the Issuer
for all purposes shall deal directly with the Funding Agents or the Swingline Lender or the L/C Provider, as applicable, until such time, if any, as a successor administrative agent is appointed as provided above, and the Issuer shall instruct the
Trustee in writing accordingly. After any Administrative Agent’s removal hereunder as Administrative Agent, the provisions of Section 9.05 and this Article V shall inure to its benefit as to any actions taken or
omitted to be taken by it while it was the Administrative Agent under this Agreement. 
 (c) If a Defaulting Administrative Agent Event has
occurred and is continuing, the Issuer may make all payments in respect of the Aggregate Unpaids or under any fee letter delivered in connection herewith (including, without limitation, the Series 2019-3 Class A-1 Notes Fee Letter) directly to the Funding Agents or the Swingline Lender or the L/C Provider, as applicable, and the Issuer for all purposes may deal directly with the Funding Agents or the Swingline
Lender or the L/C Provider, as applicable. 
 SECTION 5.08 Authorization and Action of Funding Agents. Each Investor is hereby deemed
to have designated and appointed its related Funding Agent set forth next to such Investor’s name on Schedule I (or identified as such Investor’s Funding Agent pursuant to any applicable Assignment and Assumption Agreement or
Investor Group Supplement) as the agent of such Person hereunder, and hereby authorizes such Funding Agent to take such actions as agent on its behalf and to exercise such powers as are delegated to such Funding Agent by the terms of this Agreement
together with such powers as are reasonably incidental thereto. Each Funding Agent shall not have any duties or responsibilities, except those expressly set forth herein, or any fiduciary relationship with the related Investor Group, and no implied
covenants, functions, responsibilities, duties, obligations or liabilities on the part of such Funding Agent shall be read into this Agreement or otherwise exist for such Funding Agent. In performing its functions and duties hereunder, each Funding
Agent shall act solely as agent for the related Investor Group and does 

  
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not assume nor shall it be deemed to have assumed any obligation or relationship of trust or agency with or for the Issuer, any of its successors or assigns or any other Person. Each Funding
Agent shall not be required to take any action that exposes such Funding Agent to personal liability or that is contrary to this Agreement or any Requirement of Law. The appointment and authority of the Funding Agents hereunder shall terminate upon
the indefeasible payment in full of the Aggregate Unpaids of the Investor Groups and the termination in full of all the Commitments. 

SECTION 5.09 Delegation of Duties. Each Funding Agent may execute any of its duties under this Agreement by or through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. Each Funding Agent shall not be responsible for the negligence
or misconduct of any agents or attorneys-in-fact selected by it in good faith. 

SECTION 5.10 Exculpatory Provisions. Each Funding Agent and its Affiliates, and each of their directors, officers, agents or employees
shall not be (a) liable for any action lawfully taken or omitted to be taken by it or them under or in connection with this Agreement (except for its, their or such Person’s own gross negligence or willful misconduct), or
(b) responsible in any manner to the related Investor Group for any recitals, statements, representations or warranties made by the Issuer contained in this Agreement or in any certificate, report, statement or other document referred to or
provided for in, or received under or in connection with, this Agreement, or for the value, validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other document furnished in connection herewith, or for any
failure of the Issuer to perform its obligations hereunder, or for the satisfaction of any condition specified in Article VII. Each Funding Agent shall not be under any obligation to the related Investor Group to ascertain or to inquire as to
the observance or performance of any of the agreements or covenants contained in, or conditions of, this Agreement, or to inspect the properties, books or records of the Issuer. Each Funding Agent shall not be deemed to have knowledge of any Rapid
Amortization Event, Default or Event of Default unless such Funding Agent has received notice of such event from the Issuer or any member of the related Investor Group. 

SECTION 5.11 Reliance. Each Funding Agent shall in all cases be entitled to rely, and shall be fully protected in relying, upon any
document or conversation believed by it to be genuine and correct and to have been signed, sent or made by the proper Person or Persons and upon advice and statements of the Administrative Agent and legal counsel (including, without limitation,
counsel to the Issuer), independent accountants and other experts selected by such Funding Agent. Each Funding Agent shall in all cases be fully justified in failing or refusing to take any action under this Agreement or any other document furnished
in connection herewith unless it shall first receive such advice or concurrence of the related Investor Group as it deems appropriate or it shall first be indemnified to its satisfaction by the related Investor Group; provided that unless and
until such Funding Agent shall have received such advice, such Funding Agent may take or refrain from taking any action, as such Funding Agent shall deem advisable and in the best interests of the related Investor Group. Each Funding Agent shall in
all cases be fully protected in acting, or in refraining from acting, in accordance with a request of the related Investor Group and such request and any action taken or failure to act pursuant thereto shall be binding upon the related Investor
Group. 
 SECTION 5.12 Non-Reliance on the Funding Agent and Other Purchasers. The related
Investor Group expressly acknowledges that its Funding Agent and any of its officers, directors, employees, agents, attorneys-in-fact or Affiliates has not made any
representations or warranties to it and that no act by such Funding Agent hereafter taken, including, without limitation, any review of the affairs of the Issuer, shall be deemed to constitute any representation or warranty by such Funding Agent.
The related Investor Group represents and warrants to such Funding Agent that it has and will, independently and without reliance upon such Funding Agent and based on such documents and information as it has deemed appropriate, made its own
appraisal of, and investigation into, the business, operations, property, prospects, financial and other conditions and creditworthiness of the Issuer and made its own decision to enter into this Agreement. 

  
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 SECTION 5.13 The Funding Agent in its Individual Capacity. Each Funding Agent and any
of its Affiliates may make loans to, accept deposits from, and generally engage in any kind of business with the Issuer or any Affiliate of the Issuer as though such Funding Agent were not a Funding Agent hereunder. 

SECTION 5.14 Successor Funding Agent. Each Funding Agent will, upon the direction of the related Investor Group, resign as such Funding
Agent. If such Funding Agent shall resign, then the related Investor Group shall appoint an Affiliate of a member of the related Investor Group as a successor funding agent (it being understood that such resignation shall not be effective until such
successor is appointed). After any retiring Funding Agent’s resignation hereunder as Funding Agent, subject to the limitations set forth herein, the provisions of Section 9.05 and this Article V shall inure to
its benefit as to any actions taken or omitted to be taken by it while it was the Funding Agent under this Agreement. 
 ARTICLE VI 

REPRESENTATIONS AND WARRANTIES 

SECTION 6.01 The Issuer and Guarantors. The Issuer and the Guarantors jointly and severally represent and warrant to the
Administrative Agent and each Lender Party, as of the date of this Agreement and as of the date of each Advance made hereunder, that: 

(a) each of their representations and warranties made in favor of the Trustee or the Noteholders in the Indenture and the other Transaction
Documents (other than a Transaction Document relating solely to a Series of Notes other than the Series 2019-3 Notes) is true and correct (a) if not qualified as to materiality or Material Adverse Effect,
in all material respects and (b) if qualified as to materiality or Material Adverse Effect, in all respects, as of the date originally made, as of the date hereof and as of the Series 2019-3 Closing Date
(unless stated to relate solely to an earlier date, in which case such representations and warranties shall be true and correct in all material respects as of such earlier date); 

(b) no Potential Rapid Amortization Event, Rapid Amortization Event, Default, Event of Default or, solely as of the date of this Agreement,
Cash Trapping Period has occurred and is continuing; 
 (c) assuming the representations and warranties of each Lender Party set forth in
Section 6.03 of this Agreement are true and correct, neither they nor or any of their Affiliates, have, directly or through an agent, engaged in any form of general solicitation or general advertising in connection with the issuance of the
Series 2019-3 Class A-1 Notes under the Securities Act or in any manner involving a public offering within the meaning of Section 4(a)(2) of the Securities Act
including, but not limited to, articles, notices or other communications published in any newspaper, magazine, or similar medium or broadcast over television or radio or any seminar or meeting whose attendees have been invited by any general
solicitation or general advertising; provided that no representation or warranty is made with respect to the Lender Parties and their Affiliates; and none of the Issuer nor any of its Affiliates has entered into any contractual arrangement
with respect to the distribution of the Series 2019-3 Class A-1 Notes, except for this Agreement and the other Transaction Documents, and the Issuer will not enter
into any such arrangement; 
 (d) neither they nor any of their Affiliates have, directly or through any agent, sold, offered for sale,
solicited offers to buy or otherwise negotiated in respect of, any “security” (as defined in the Securities Act) that is or will be integrated with the sale of the Series 2019-3 Class A-1 Notes in a manner that would require the registration of the Series 2019-3 Class A-1 Notes under the Securities
Act; 
 (e) assuming the representations and warranties of each Lender Party set forth in Section 6.03 of this
Agreement are true and correct, the offer and sale of the Series 2019-3 Class A-1 Notes in the manner contemplated by this Agreement is a transaction exempt from
the registration requirements of the Securities Act, and the Base Indenture is not required to be qualified under the Trust Indenture Act; 

  
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 (f) no Securitization Entity is required, or will be required as a result of the making of
Advances and Swingline Loans and the issuance of Letters of Credit hereunder and the use of proceeds therefrom, to register as an “investment company” under the Investment Company Act; in connection with the foregoing, the Issuer is
relying on an exclusion from the definition of “investment company” under Section 3(a)(1) of the Investment Company Act, although additional exemptions or exclusions may be available to the Issuer; the Issuer does not constitute a
“covered fund” for purposes of Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, otherwise known as the “Volcker Rule”; 

(g) the Issuer has furnished to the Administrative Agent and each Funding Agent true, accurate and complete copies of all other Transaction
Documents (excluding Series Supplements and other Transaction Documents relating solely to a Series of Notes other than the Series 2019-3 Notes) to which they are a party as of the Series 2019-3 Closing Date, all of which Transaction Documents are in full force and effect as of the Series 2019-3 Closing Date and no terms of any such agreements or documents have
been amended, modified or otherwise waived as of such date, other than such amendments, modifications or waivers about which the Issuer has informed each Funding Agent, the Swingline Lender and the L/C Provider; 

(h) to the knowledge of the Issuer, the operations of the Issuer, the Guarantors and their respective subsidiaries are and have been
conducted at all times in compliance with applicable financial record-keeping and reporting requirements of the Currency and Foreign Transactions Reporting Act of 1970, as amended, the money laundering statutes of all applicable jurisdictions, the
rules and regulations thereunder and any related or similar rules, regulations or guidelines, issued, administered or enforced by any governmental agency applicable to the Securitization Entities or their assets (collectively, the “Money
Laundering Laws”) and no action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving any of the Issuer or the Guarantors with respect to the Money Laundering Laws has been
initiated or, to the knowledge of the Issuer or the Guarantors, is threatened or pending; 
 (i) none of the Issuer or the Guarantors or
any of their respective subsidiaries nor, to the knowledge of any of the Issuer or the Guarantors, any director, officer, manager, member, agent, employee or affiliate of any of the Issuer or the Guarantors or any of their respective subsidiaries is
currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”); and the Issuer and the Guarantors will not directly or to their knowledge indirectly use the
proceeds of any Borrowing under the Series 2019-3 Notes, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of
financing the activities of any person currently the target of any U.S. sanctions administered by OFAC; 
 (j) none of the Issuer or the
Guarantors or, to the knowledge of any of the Issuer or the Guarantors, any affiliate, director, officer, manager, member agent, employee or other person acting on behalf of any of the Issuer or the Guarantors, has: (i) used any corporate or
company funds for any unlawful contribution, gift, entertainment or other unlawful expense relating to political activity; (ii) made any direct or indirect unlawful payment to any domestic or “foreign official” (as defined in the
Foreign Corrupt Practices Act of 1977, as amended, and the rules and regulations thereunder (collectively, the “FCPA”)) or foreign government employee from corporate or company funds; (iii) violated or is in violation of any
provision of any applicable law or regulation implementing the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions or any applicable provision of the FCPA, the U.K. Bribery Act 2010, or any other
similar law or statute of any other jurisdiction in which it operates its business, including, in each case, the rules and regulations thereunder; or (iv) otherwise made any bribe, unlawful rebate, unlawful payoff, unlawful influence payment,
unlawful kickback or other unlawful payment; and 

  
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 (k) the representations and warranties of the applicable Securitization Entities contained
in Section 4.6 of the Guarantee and Collateral Agreement and Section 7.13 of the Base Indenture are true and correct in all respects. 

SECTION 6.02 The Manager. The Manager represents and warrants to the Administrative Agent and each Lender Party as of the date of this
Agreement and as of the date of each Advance made hereunder, that: 
 (a) no Manager Termination Event has occurred and is continuing as a
result of any representation and warranty made by it in any Transaction Document (other than a Transaction Document relating solely to a Series of Notes other than the Series 2019-3 Notes) to which it is a
party (including any representations and warranties made by it as Manager) being inaccurate; 
 (b) to the knowledge of the Manager, the
operations of the Issuer, the Manager, the Guarantors and their respective subsidiaries are and have been conducted at all times in compliance with applicable financial record-keeping and reporting requirements of the Money Laundering Laws and no
action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving any of the Issuer, the Guarantors or the Manager with respect to the Money Laundering Laws has been initiated or, to the
knowledge of the Issuer, the Guarantors or the Manager, is threatened or pending; 
 (c) neither the Manager nor any of its subsidiaries
nor, to the knowledge of the Manager, any director, officer, manager, member, agent, employee or affiliate of any of the Issuer, the Manager or the Guarantors or any of their respective subsidiaries is currently subject to any U.S. sanctions
administered by the OFAC; and the Manager will not directly or to its knowledge indirectly use the proceeds of any Borrowing under the Series 2019-3 Notes, or lend, contribute or otherwise make available such
proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently the target of any U.S. sanctions administered by OFAC; and 

(d) none of the Manager or, to the knowledge of the Manager, any affiliate, director, officer, manager, member agent, employee or other
person acting on behalf of the Manager, has: (i) used any corporate or company funds for any unlawful contribution, gift, entertainment or other unlawful expense relating to political activity; (ii) made any direct or indirect unlawful
payment to any domestic or “foreign official” (as defined in the FCPA) or foreign government employee from corporate or company funds; (iii) violated or is in violation of any provision of any applicable law or regulation implementing
the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions or any applicable provision of the FCPA, the U.K. Bribery Act 2010, or any other similar law or statute of any other jurisdiction in which it
operates its business, including, in each case, the rules and regulations thereunder; or (iv) otherwise made any bribe, unlawful rebate, unlawful payoff, unlawful influence payment, unlawful kickback or other unlawful payment. 

SECTION 6.03 Lender Parties. Each of the Lender Parties represents and warrants to the Issuer and the Manager as of the date hereof
(or, in the case of a successor or assign of an Investor, as of the subsequent date on which such successor or assign shall become or be deemed to become a party hereto) that: 

(a) it has had an opportunity to discuss the Issuer’s and the Manager’s business, management and financial affairs, and the terms
and conditions of the proposed purchase of the Series 2019-3 Class A-1 Notes, with the Issuer and the Manager and their respective representatives; 

(b) it is an “accredited investor” within the meaning of Rule 501(a)(1), (2), (3) or (7) of Regulation D under the Securities
Act and has sufficient knowledge and experience in financial and business matters to be capable of evaluating the merits and risks of investing in, and is able and prepared to bear the economic risk of investing in, the Series 2019-3 Class A-1 Notes; 

  
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 (c) it is purchasing the Series 2019-3 Class A-1 Notes for its own account, or for the account of one or more “accredited investors” within the meaning of Rule 501(a)(1), (2), (3) or (7) of Regulation D under the Securities Act that
meet the criteria described in clause (b) above and for which it is acting with complete investment discretion, for investment purposes only and not with a view to a distribution in violation of the Securities Act, subject,
nevertheless, to the understanding that the disposition of its property shall at all times be and remain within its control, and neither it nor its Affiliates has engaged in any general solicitation or general advertising within the meaning of the
Securities Act, or the rules and regulations promulgated thereunder, with respect to the Series 2019-3 Class A-1 Notes; 

(d) it understands that (i) the Series 2019-3
Class A-1 Notes have not been and will not be registered or qualified under the Securities Act or any applicable state securities laws or the securities laws of any other jurisdiction and are being
offered only in a transaction not involving any public offering within the meaning of the Securities Act and may not be resold or otherwise transferred unless so registered or qualified or unless an exemption from registration or qualification is
available and an opinion of counsel shall have been delivered in advance to the Issuer, (ii) the Issuer is not required to register the Series 2019-3 Class A-1
Notes under the Securities Act or any applicable state securities laws or the securities laws of any other jurisdiction, (iii) any permitted transferee hereunder must meet the criteria in clause (b) above and (iv) any transfer
must comply with the provisions of Section 2.8 of the Base Indenture, Section 4.3 of the Series 2019-3 Supplement and Section 9.03
or 9.17, as applicable, of this Agreement; 
 (e) it will comply with the requirements of
Section 6.03(d), above, in connection with any transfer by it of the Series 2019-3 Class A-1 Notes; 

(f) it understands that the Series 2019-3 Class A-1
Notes will bear the legend set out in the form of Series 2019-3 Class A-1 Notes attached to the Series 2019-3 Supplement and
be subject to the restrictions on transfer described in such legend; 
 (g) it will obtain for the benefit of the Issuer from any purchaser
of the Series 2019-3 Class A-1 Notes substantially the same representations and warranties contained in the foregoing paragraphs; and 

(h) it has executed a Purchaser’s Letter substantially in the form of Exhibit D hereto. 

ARTICLE VII 
 CONDITIONS 

SECTION 7.01 Conditions to Issuance and Effectiveness. Each Lender Party will have no obligation to purchase the Series 2019-3 Class A-1 Notes hereunder on the Series 2019-3 Closing Date, and the Commitments, the Swingline Commitment and the L/C
Commitment will not become effective, unless: 
 (a) the Base Indenture, the Series 2019-3
Supplement, the Guarantee and Collateral Agreement and the other Transaction Documents shall be in full force and effect; 
 (b) on the
Series 2019-3 Closing Date, the Administrative Agent shall have received a letter, in form and substance reasonably satisfactory to it, from S&P stating that the Notes have received a rating of not less
than “BBB- (sf)” and (ii) a letter from KBRA stating that the Notes have received rating of not less than “BBB- (sf)”; 

(c) that certain risk retention letter agreement from Manager, dated as of the Series 2019-3 Closing
Date, with respect to the EU risk retention rules shall have been duly executed and delivered by the parties thereto in form and substance satisfactory to the Administrative Agent; and 

  
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 (d) at the time of such issuance, the additional conditions set forth in Schedule
III (other than with respect to the condition subsequent set forth in the proviso to clause (b) of Schedule III) and all other conditions to the issuance of the Series 2019-3 Class A-1 Notes under the Indenture shall have been satisfied or waived. 
 SECTION 7.02
Conditions to Initial Extensions of Credit. The election of each Conduit Investor to fund, and the obligation of each Committed Note Purchaser to fund, the initial Borrowing hereunder, and the obligations of the Swingline Lender and the L/C
Provider to fund the initial Swingline Loan or provide the initial Letter of Credit hereunder, respectively, shall be subject to the satisfaction of the conditions precedent that (a) each Funding Agent shall have received a duly executed and
authenticated Series 2019-3 Class A-1 Advance Note registered in its name or in such other name as shall have been directed by such Funding Agent and stating that
the principal amount thereof shall not exceed the Maximum Investor Group Principal Amount of the related Investor Group, (b) each of the Swingline Lender and the L/C Provider shall have received a duly executed and authenticated Series 2019-3 Class A-1 Swingline Note or Series 2019-3 Class A-1 L/C Note, as applicable,
registered in its name or in such other name as shall have been directed by it and stating that the principal amount thereof shall not exceed the Swingline Commitment or L/C Commitment, respectively, and (c) the Issuer shall have paid all fees
required to be paid by it under the Transaction Documents on the Series 2019-3 Closing Date, including all fees required hereunder. 

SECTION 7.03 Conditions to Each Extension of Credit. The election of each Conduit Investor to fund, and the obligation of each
Committed Note Purchaser to fund, any Borrowing on any day (including the initial Borrowing but excluding any Borrowings to repay Swingline Loans or L/C Obligations pursuant to Section 2.05, 2.06 or 2.08, as
applicable), and the obligations of the Swingline Lender to fund any Swingline Loan (including the initial one) and of the L/C Provider to provide any Letter of Credit (including the initial one), respectively, shall be subject to the conditions
precedent that on the date of such funding or provision, before and after giving effect thereto and to the application of any proceeds therefrom, the following statements shall be true (without regard to any waiver, amendment or other modification
of this Section 7.03 or any definitions used herein consented to by the Control Party unless the Required Investor Groups have consented to such waiver, amendment or other modification for purposes of this
Section 7.03); provided, however, that if a Rapid Amortization Event has occurred and been declared by the Control Party pursuant to Section 9.1(a), (b), (c) or
(e) of the Base Indenture, or has occurred pursuant to Section 9.1(d) of the Base Indenture, consent to such waiver, amendment or other modification from all Investors (provided, that it shall not be the obligation of
the Control Party to obtain such consent from the Investors) as well as the Control Party is required for purposes of this Section 7.03: 

(a) (i) the representations and warranties of the Issuer set out in this Agreement and (ii) the representations and warranties of the
Manager set out in this Agreement, in each such case, shall be true and correct (x) if qualified as to materiality or Material Adverse Effect, in all respects and (y) if not qualified as to materiality or Material Adverse Effect, in all
material respects, as of the date of such funding or issuance, with the same effect as though made on that date (unless stated to relate solely to an earlier date, in which case such representations and warranties shall have been true and correct
(1) if qualified as to materiality or Material Adverse Effect, in all respects, and (2) if not so qualified, in all material respects as of such earlier date); 

(b) no Default, Event of Default, Potential Rapid Amortization Event or Rapid Amortization Event shall be in existence at the time of, or
after giving effect to, such funding or issuance; 
 (c) the DSCR as calculated as of the immediately preceding Quarterly Calculation Date
shall not be less than 1.75x; 
 (d) in the case of any Borrowing, except to the extent an advance request is expressly deemed to have been
delivered hereunder, the Issuer shall have delivered or have been deemed to have delivered to the Administrative Agent an executed advance request in the form of Exhibit A hereto with respect to such Borrowing (each such request, an
“Advance Request” or a “Series 2019-3 Class A-1 Advance Request”); 

  
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 (e) each representation and warranty made by the Manager (in its capacity as the Manager)
in the Management Agreement is true and correct (a) if not qualified as to materiality or Material Adverse Effect, in all material respects and (b) if qualified as to materiality or Material Adverse Effect, in all respects as of the date
of this Agreement and as of the date of each Advance made hereunder (unless stated to relate solely to an earlier date, in which case such representations and warranties were true and correct (x) if qualified as to materiality or Material
Adverse Effect, in all respects, and (y) if not so qualified, in all material respects as of such earlier date); 
 (f) the Senior
Notes Interest Reserve Amount (including any Senior Notes Interest Reserve Account Deficit Amount) will be funded and/or an Interest Reserve Letter of Credit will be maintained for such amount as of the date of such draw in the amounts required
pursuant to the Indenture after giving effect to such draw; provided that a portion of the proceeds of such draw may be used to fund and/or maintain such Senior Notes Interest Reserve Amount; 

(g) all Undrawn Commitment Fees, Administrative Agent Fees and L/C Quarterly Fees due and payable on or prior to the date of such funding or
issuance shall have been paid in full; and 
 (h) all conditions to such extension of credit or provision specified in
Section 2.02, 2.03, 2.06 or 2.07 of this Agreement, as applicable, shall have been satisfied. 

The giving of any notice pursuant to Section 2.03, 2.06 or 2.07, as applicable, shall constitute a
representation and warranty by the Issuer and the Manager that all conditions precedent to such funding or provision have been satisfied or will be satisfied concurrently therewith. 

ARTICLE VIII 
 COVENANTS 

SECTION 8.01 Covenants. Each of the Issuer and the Manager, severally, covenants and agrees that, until all Aggregate Unpaids have been
paid in full and all Commitments, the Swingline Commitment and the L/C Commitment have been terminated, it will: 
 (a) Unless waived in
writing by the Control Party in accordance with Section 9.7 of the Base Indenture, duly and timely perform all of its covenants (both affirmative and negative) and obligations under each Transaction Document to which it is a party; 

(b) not amend, modify, waive or give any approval, consent or permission under any provision of the Base Indenture or any other Transaction
Document to which it is a party unless any such amendment, modification, waiver or other action is in writing and made in accordance with the terms of the Base Indenture or such other Transaction Document, as applicable; 

(c) reasonably concurrently with the time any report, notice or other document is provided to the Rating Agencies and/or the Trustee, or
caused to be provided, by the Issuer or the Manager under the Base Indenture (including, without limitation, under Sections 8.8, 8.9 and/or 8.10 thereof) or under the Series 2019-3
Supplement, provide the Administrative Agent (who shall promptly provide a copy thereof to the Lender Parties) with a copy of such report, notice or other document; provided, however, that neither the Manager nor the Issuer shall have
any obligation under this Section 8.01(c) to deliver to the Administrative Agent copies of any Quarterly Noteholders’ Reports that relate solely to a Series of Notes other than the Series 2019-3 Notes; 
 (d) once per calendar year, following reasonable prior notice from the

  
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Administrative Agent (the “Annual Inspection Notice”), and during regular business hours and without unreasonable interference with the business and operation of the Manager,
permit any one or more of the Administrative Agent, any Funding Agent, the Swingline Lender or the L/C Provider, or any of their respective agents, representatives or permitted assigns, at the Issuer’s expense, access (as a group, and not
individually unless only one such Person desires such access) to the offices of the Manager, the Issuer and the Guarantors, (i) to examine and make copies of and abstracts from all documentation relating to the Collateral on the same terms as
are provided to the Trustee under Section 8.6 of the Base Indenture, and (ii) to visit the offices and properties of the Manager, the Issuer and the Guarantors for the purpose of examining such materials described in
clause (i) above, and to discuss matters relating to the Collateral, or the administration and performance of the Base Indenture, the Series 2019-3 Supplement and the other Transaction
Documents with any of the officers or employees of, the Manager, the Issuer and/or the Guarantors, as applicable, having knowledge of such matters; provided, however, that upon the occurrence and continuation of a Potential Rapid
Amortization Event, Rapid Amortization Event, Cash Trapping Period, Default or Event of Default, the Administrative Agent, any Funding Agent, the Swingline Lender or the L/C Provider, or any of their respective agents, representatives or permitted
assigns, at the Issuer’s expense may do any of the foregoing at any time during normal business hours and without advance notice; provided, further, that, in addition to any visits made pursuant to provision of an Annual
Inspection Notice or during the continuation of a Potential Rapid Amortization Event, Rapid Amortization Event, Default or Event of Default, the Administrative Agent, any Funding Agent, the Swingline Lender or the L/C Provider, or any of their
respective agents, representatives or permitted assigns, at their own expense, may do any of the foregoing at any time during normal business hours following reasonable prior notice with respect to the business of the Issuer and/or the Guarantors;
and provided, further, that the Funding Agents, the Swingline Lender and the L/C Provider will be permitted to provide input to the Administrative Agent with respect to the timing of delivery, and content, of the Annual Inspection
Notice; 
 (e) not use the proceeds of any Advance to purchase or carry any “margin stock” (as such term is defined under the
regulations of the Board of Governors of the Federal Reserve System, including Regulations T, U and X thereof “Margin Stock”), that could cause the transactions contemplated by the Transaction Documents to fail to comply with the
regulations of the Board of Governors of the Federal Reserve System, including Regulations T, U and X thereof; 
 (f) [reserved]; 

(g) promptly provide such additional financial and other information with respect to the Transaction Documents (other than Series Supplements
and Transaction Documents relating solely to a Series of Notes other than the Series 2019-3 Notes), the Issuer, the Manager or the Guarantors as the Administrative Agent may from time to time reasonably
request; provided, however, that neither the Issuer nor the Manager shall be required to produce reports or other information that they do not currently produce and which, in the reasonable judgment of the Manager, would be unreasonably expensive or
burdensome to prepare or produce or for which the disclosure thereof would violate any applicable law, statute, rule, regulation, confidentiality provision or court order; 

(h) deliver to the Administrative Agent (who shall promptly provide a copy thereof to the Lender Parties), the financial statements prepared
pursuant to Section 4.1 of the Base Indenture at the same time as the delivery of such statements under the Base Indenture; and 

(i) not (i) permit the Issuer to use the proceeds of any Borrowing under the Series 2019-3 Class A-1 Notes to pay, directly or indirectly, any distributions or dividends, as applicable, on the equity interests of any Person, or to repurchase the equity interests of any Person, in each case except as
contemplated pursuant to Section 8.18 of the Base Indenture or (ii) designate equity contributions as Retained Collections Contributions to the extent such equity contributions were funded with the proceeds of a
Borrowing under the Series 2019-3 Class A-1 Notes. 

  
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 ARTICLE IX 

MISCELLANEOUS PROVISIONS 
 SECTION
9.01 Amendments. No amendment to or waiver or other modification of any provision of this Agreement, nor consent to any departure therefrom by the Manager or the Issuer, shall in any event be effective unless the same shall be in writing and
signed by the Issuer with the written consent of (A) the Administrative Agent and (B) other than in respect of amendments pursuant to Section 3.04, the Required Investor Groups; provided, however, that, in
addition, (i) the prior written consent of each affected Investor shall be required in connection with any amendment, modification or waiver that (x) increases the amount of the Commitment of such Investor, extends the Commitment
Termination Date or the Class A-1 Notes Renewal Date for such Investor, modifies the conditions to funding the Commitment or otherwise subjects such Investor to any increased or additional duties or
obligations hereunder or in connection herewith (it being understood and agreed that waivers or modifications of conditions precedent, covenants, Defaults or Events of Default or of a mandatory reduction in the aggregate Commitments shall not
constitute an increase of the Commitments of any Lender Party), (y) reduces the amount or delays the timing of payment of any principal, interest, fees or other amounts payable to such Investor hereunder or (z) would have an effect comparable
to any of those set forth in Section 13.2(a) of the Base Indenture that require the consent of each Noteholder or each affected Noteholder; (ii) any amendment, modification or waiver that affects the rights or duties of any of the
Swingline Lender, the L/C Provider, the Administrative Agent or the Funding Agents shall require the prior written consent of such affected Person; and (iii) the prior written consent of each Investor, the Swingline Lender, the L/C Provider,
the Administrative Agent and each Funding Agent shall be required in connection with any amendment, modification or waiver of this Section 9.01. For purposes of any provision of any other Indenture Document relating to any vote, consent,
direction or the like to be given by the Series 2019-3 Class A-1 Noteholders, such vote, consent, direction or the like shall be given by the Holders of the Series 2019-3 Class A-1 Advance Notes only and not by the Holders of any Series 2019-3
Class A-1 Swingline Notes or Series 2019-3 Class A-1 L/C Notes except to the extent that such vote, consent, direction
or the like is to be given by each affected Noteholder and the Holders of any Series 2019-3 Class A-1 Swingline Notes or Series
2019-3 Class A-1 L/C Notes would be affected thereby. In addition, the provisions of Section 6.01(k) may not be amended or waived without
confirmation from S&P that the rating of the commercial paper notes of each Conduit Investor then rated by it will not be reduced or withdrawn as a result thereof. Each Series 2019-3 Class A-1 Noteholder hereby authorizes the Administrative Agent to consent to any amendment pursuant to Section 3.04. 

Each Committed Note Purchaser will notify the Issuer in writing whether or not it will consent to a proposed amendment, waiver or other modification of this
Agreement and, if applicable, any condition to such consent, waiver or other modification. If a Committed Note Purchaser notifies the Issuer in writing that such Committed Note Purchaser either (I) will not consent to an amendment to or waiver
or other modification of any provision of this Agreement or (II) conditions its consent to such an amendment, waiver or other modification of any provision of this Agreement upon the payment of an amendment fee, the Issuer may replace every
member (but not any subset thereof) of such Committed Note Purchaser’s entire Investor Group by giving written notice to each member of such Investor Group and the Administrative Agent designating one or more Persons that are willing and able
to purchase each member of such Investor Group’s rights and obligations under this Agreement for a purchase price that with respect to each such member of such Investor Group will equal the amount owed to each such member of such Investor Group
with respect to the Series 2019-3 Class A-1 Advance Notes (whether arising under the Indenture, this Agreement, the Series
2019-3 Class A-1 Advance Notes or otherwise). Upon receipt of such written notice, each member of such Investor Group shall assign its rights and obligations under
this Agreement pursuant to and in accordance with Sections 9.17(a), (b) and (c), as applicable, in consideration for such purchase price and at the reasonable expense of the Issuer (including, without limitation, the
reasonable documented fees and out-of-pocket expenses of counsel to each such member); provided, however, that no member of such Investor Group shall be
obligated to assign any of its rights and obligations under this Agreement if the purchase price to be paid to such member is not at least equal to the amount owed to such member with respect to the Series
2019-3 Class A-1 Advance Notes (whether arising under the Indenture, this Agreement, the Series 2019-3 Class A-1 Advance Notes or otherwise). In addition, notwithstanding the terms of Section 2.05, the Issuer may also effect a permanent reduction in the Series 2019-3 Class A-1 Notes Maximum 

  
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Principal Amount and a corresponding reduction in the Commitment Amount solely of such Committed Note Purchaser and Maximum Investor Group Principal Amount solely of such Investor Group on a non-ratable basis; provided that (i) any such reduction will be limited to the undrawn portion of such Commitments, although any such reduction may be combined with a Voluntary Decrease effected pursuant to and
in accordance with Section 2.2(b) of the Series 2019-3 Supplement, applied solely with respect to such Committed Note Purchaser and such Investor Group. 

The Issuer and the Lender Parties shall negotiate any amendments, waivers, consents, supplements or other modifications to this Agreement or the other
Transaction Documents that require the consent of the Lender Parties in good faith, and any consent required to be given by the Lender Parties shall not be unreasonably denied, conditioned or delayed. Pursuant to
Section 9.05(a), the Lender Parties shall be entitled to reimbursement by the Issuer for the reasonable expenses incurred by the Lender Parties in reviewing and approving any such amendment, waiver, consent,
supplement or other modification to this Agreement or any Transaction Document. 
 SECTION 9.02 No Waiver; Remedies. Any
waiver, consent or approval given by any party hereto shall be effective only in the specific instance and for the specific purpose for which given, and no waiver by a party of any breach or default under this Agreement shall be deemed a waiver of
any other breach or default. No failure on the part of any party hereto to exercise, and no delay in exercising, any right hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right hereunder, or any
abandonment or discontinuation of steps to enforce the right, power or privilege, preclude any other or further exercise thereof or the exercise of any other right. No notice to or demand on any party hereto in any case shall entitle such party to
any other or further notice or demand in the same, similar or other circumstances. The remedies herein provided are cumulative and not exclusive of any remedies provided by law. 

SECTION 9.03 Binding on Successors and Assigns. 

(a) This Agreement shall be binding upon, and inure to the benefit of, the Issuer, the Manager, the Lender Parties, the Funding Agents, the
Administrative Agent and their respective successors and assigns; provided, however, that none of the Issuer nor the Manager may assign its rights or obligations hereunder or in connection herewith or any interest herein (voluntarily,
by operation of law or otherwise other than in connection with a merger between Securitization Entities permitted by the Transaction Documents) without the prior written consent of each Lender Party (other than any Defaulting Investor);
provided further that nothing herein shall prevent the Issuer from assigning its rights (but none of its duties or liabilities) to the Trustee under the Base Indenture and the Series 2019-3
Supplement; and provided, further that none of the Lender Parties may transfer, pledge, assign, sell participations in or otherwise encumber its rights or obligations hereunder or in connection herewith or any interest herein except as
permitted under Section 6.03, Section 9.17 and this Section 9.03. Nothing expressed herein is intended or shall be construed to give any Person other than the Persons
referred to in the preceding sentence any legal or equitable right, remedy or claim under or in respect of this Agreement except as provided in Section 9.16. 

(b) Notwithstanding any other provision set forth in this Agreement, each Investor may at any time grant to one or more Program Support
Providers a participating interest in or lien on such Investor’s interests in the Advances made hereunder and such Program Support Provider, with respect to its participating interest, shall be entitled to the benefits granted to such Investor
under this Agreement. In addition, any Investor may at any time sell participations to any Person in all or a portion of such Investor’s rights and/or obligations under this Agreement, the Series 2019-3 Class A-1 Notes and the Advances made thereunder and, in connection therewith, any other Transaction Document to which it is a party, and such participant, with respect to its participating interest, shall be
entitled to the benefits granted to such Investor under this Agreement; provided that (i) such Investor’s obligations under this Agreement shall remain unchanged, (ii) such Investor shall remain solely responsible to the other parties
hereto for the performance of such obligations, and (iii) the Issuer, the Administrative Agent, the Swingline 

  
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Lender, the L/C Provider and each other Investor shall continue to deal solely and directly with such Investor in connection with such Investor’s rights and obligations under this Agreement;
provided, however, that no participation pursuant to this Section 9.03 shall be made to a Competitor or a Defaulting Investor. Any agreement or instrument pursuant to which an Investor sells such a participation shall
provide that such Investor shall retain the sole right to enforce this Agreement and any other Transaction Documents and to approve any amendment, modification or waiver of any provision of this Agreement and any other Transaction Documents.
provided that such agreement or instrument may provide that the prior written consent of each affected Participant shall be required in connection with any amendment, modification or waiver that would have an effect comparable to any of those set
forth in Section 13.2(a) of the Base Indenture or Section 9.01 hereof that require the consent of each Noteholder or each affected Noteholder. 

(c) In addition to its rights under Section 9.17, each Conduit Investor may at any time assign its rights in the
Series 2019-3 Class A-1 Advance Notes (and its rights hereunder and under the Transaction Documents) to its related Committed Note Purchaser or, subject to
Section 6.03 and Section 9.17, its related Program Support Provider or any Affiliate of any of the foregoing, in each case in accordance with the applicable provisions of the Indenture.
Furthermore, each Conduit Investor may at any time grant a security interest in and lien on, all or any portion of its interests under this Agreement, its Series 2019-3
Class A-1 Advance Note and all Transaction Documents to (i) its related Committed Note Purchaser, (ii) its Funding Agent, (iii) any Program Support Provider who, at any time now or in the
future, provides program liquidity or credit enhancement, including, without limitation, an insurance policy for such Conduit Investor relating to the Commercial Paper or the Series 2019-3 Class A-1 Advance Notes, (iv) any other Person who, at any time now or in the future, provides liquidity or credit enhancement for the Conduit Investors, including, without limitation, an insurance policy
relating to the Commercial Paper or the Series 2019-3 Class A-1 Advance Notes; (v) any collateral trustee or collateral agent for any of the foregoing or
(vi) a trustee or collateral agent for the benefit of the holders of the commercial paper notes or other senior indebtedness of such Conduit Investor appointed pursuant to such Conduit Investor’s program documents; provided,
however, that any such security interest or lien shall be released upon assignment of its Series 2019-3 Class A-1 Advance Note to its related Committed Note
Purchaser. Each Committed Note Purchaser may assign its Commitment, or all or any portion of its interest under its Series 2019-3 Class A-1 Advance Note, this
Agreement and the Transaction Documents to any Person to the extent permitted by Section 9.17. Notwithstanding any other provisions set forth in this Agreement, each Committed Note Purchaser may at any time create a
security interest in all or any portion of its rights under this Agreement, its Series 2019-3 Class A-1 Advance Note and the Transaction Documents in favor of any
Federal Reserve Bank in accordance with Regulation A of the F.R.S. Board or any similar foreign entity. 
 SECTION 9.04 Survival of
Agreement. All covenants, agreements, representations and warranties made herein and in the Series 2019-3 Class A-1 Notes delivered pursuant hereto shall
survive the making and the repayment of the Advances, the Swingline Loans and the Letters of Credit and the execution and delivery of this Agreement and the Series 2019-3
Class A-1 Notes and shall continue in full force and effect until all interest on and principal of the Series 2019-3
Class A-1 Notes, and all other Obligations owed to the Lender Parties, the Funding Agents and the Administrative Agent hereunder and under the Series 2019-3
Supplement have been paid in full (other than as described in the following sentence), all Letters of Credit have expired or been fully cash collateralized in accordance with the terms of this Agreement and the Commitments, the Swingline Commitment
and the L/C Commitment have been terminated, including as a result of the satisfaction and discharge of the Indenture pursuant to Article XII of the Base Indenture. In addition, the obligations of the Issuer and the Lender Parties under Sections
3.05, 3.06, 3.07, 3.08, 9.05, 9.10 and 9.11 shall survive the termination of this Agreement. 

SECTION 9.05 Payment of Costs and Expenses; Indemnification. 

(a) Payment of Costs and Expenses. The Issuer and the Guarantors jointly and severally agree to pay (by depositing such amounts into
the Collection Account to be distributed subject to and in accordance with the Priority of Payments), on the Series 2019-3 Closing Date (if invoiced at least one (1) Business Day prior to such date) or on
or before five (5) Business Days after written demand (in all 

  
 41 

 
other cases), all reasonable documented out-of-pocket expenses of the Administrative Agent, each initial Funding
Agent and each initial Lender Party (including the reasonable fees and out-of-pocket expenses of one counsel to each of the foregoing, if any, as well as the fees and
expenses of the Rating Agencies) in connection with (i) the negotiation, preparation, execution and delivery of this Agreement and of each other Transaction Document, including schedules and exhibits, whether or not the transactions
contemplated hereby or thereby are consummated, and (ii) any amendments, waivers, consents, supplements or other modifications to this Agreement or any other Transaction Document as may from time to time hereafter be proposed by the Manager or
the Securitization Entities. The Issuer and the Guarantors further jointly and severally agree to pay, subject to and in accordance with the Priority of Payments, and to hold the Administrative Agent, each Funding Agent and each Lender Party
harmless from all liability for (x) any breach by the Issuer of its obligations under this Agreement, (y) all reasonable documented out-of-pocket costs
incurred by the Administrative Agent, such Funding Agent or such Lender Party in enforcing this Agreement or in connection with the negotiation of any restructuring or “work-out”, whether or not
consummated, of the Transaction Documents and (z) any Non-Excluded Taxes that may be payable in connection with (1) the execution or delivery of this Agreement, (2) any Borrowing or Swingline
Loan hereunder, (3) the issuance of the Series 2019-3 Class A-1 Notes, (4) any Letter of Credit hereunder or (5) any other Transaction Documents. The
Issuer and the Guarantors also jointly and severally agree to reimburse, subject to and in accordance with the Priority of Payments, the Administrative Agent, such Funding Agent and Lender Party upon demand for all reasonable documented out-of-pocket expenses incurred by the Administrative Agent, such Funding Agent and such Lender Party in connection with the enforcement of this Agreement or any other
Transaction Documents. Notwithstanding the foregoing, other than in connection with a sale or assignment pursuant to Section 9.18(a), the Issuer and/or the Guarantors shall have no obligation to reimburse any Lender
Party for any of the fees and/or expenses incurred by such Lender Party with respect to its sale or assignment of all or any part of its respective rights and obligations under this Agreement and the Series
2019-3 Class A-1 Notes pursuant to Section 9.03 or Section 9.17. 

(b) Indemnification of the Lender Parties. In consideration of the execution and delivery of this Agreement by the Lender Parties, the
Issuer and the Guarantors hereby agree to jointly and severally indemnify and hold each Lender Party, each Funding Agent and the Administrative Agent (each in its capacity as such and to the extent not otherwise reimbursed by the Issuer or
Guarantors and without limiting the obligation of the Issuer or the Guarantors to do so) and each of their officers, directors, employees, affiliates and agents (collectively, the “Indemnified Parties”) harmless (by depositing such
amounts into the Collection Account to be distributed subject to and in accordance with the Priority of Payments) from and against any and all actions, causes of action, suits, losses, liabilities and damages, and reasonable documented costs and
expenses incurred in connection therewith (irrespective of whether any such Indemnified Party is a party to the action for which indemnification hereunder is sought and including, without limitation, any liability in connection with the issuance and
sale of the Series 2019-3 Class A-1 Notes), including reasonable documented attorneys’ fees and disbursements (collectively, the “Indemnified
Liabilities”), incurred by the Indemnified Parties or any of them (whether in prosecuting or defending against such actions, suits or claims) to the extent resulting from, or arising out of, or relating to: 

(i) any transaction financed or to be financed in whole or in part, directly or indirectly, with the proceeds of any Advance,
Swingline Loan or Letter of Credit; or 
 (ii) the entering into and performance of this Agreement and any other Transaction
Document by any of the Indemnified Parties, including, for the avoidance of doubt, the consent by the Lender Parties set forth in Section 9.19; 

except for any such Indemnified Liabilities arising for the account of a particular Indemnified Party by reason of the relevant Indemnified
Party’s gross negligence or willful misconduct or breach of representations set forth herein as determined by a final, non-appealable judgment of a court of competent jurisdiction. If and to the extent
that the forgoing undertaking may be unenforceable for any reason, the Issuer and the Guarantors hereby jointly and severally agree to make the maximum contribution to the payment and satisfaction of each of the Indemnified Liabilities that is

  
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permissible under applicable law. The indemnity set forth in this Section 9.05(b) shall in no event include indemnification for special, punitive, consequential
or indirect damages of any kind or for any Class A-1 Taxes which shall be covered by (or expressly excluded from) the indemnification provided in Section 3.08 or for any transfer
Class A-1 Taxes with respect to its sale or assignment of all or any part of its respective rights and obligations under this Agreement and the Series 2019-3 Class A-1 Notes pursuant to Section 9.17. The Issuer shall give notice to the Rating Agencies of any claim for Indemnified Liabilities made under this
Section 9.05(b). 
 (c) Indemnification of the Administrative Agent and each Funding Agent. In
consideration of the execution and delivery of this Agreement by the Administrative Agent and the related Funding Agent, each Committed Note Purchaser, ratably according to its respective Commitment, hereby agrees to indemnify and hold the
Administrative Agent and each of its officers, directors, employees, affiliates and agents (collectively, the “Administrative Agent Indemnified Parties”) and such Funding Agent and each of its officers, directors, employees and
agents (collectively, the “Funding Agent Indemnified Parties,” and together with the Administrative Agent Indemnified Parties, the “Applicable Agent Indemnified Parties”) harmless from and against any and all
actions, causes of action, suits, losses, liabilities and damages, and reasonable costs and expenses incurred in connection therewith (solely to the extent not reimbursed by or on behalf of the Issuer or the Guarantors) (irrespective of whether any
such Applicable Agent Indemnified Party is a party to the action for which indemnification hereunder is sought and including, without limitation, any liability in connection with the issuance and sale of the Series
2019-3 Class A-1 Notes), including reasonable attorneys’ fees and disbursements (collectively, the “Applicable Agent Indemnified
Liabilities”), incurred by the Applicable Agent Indemnified Parties or any of them (whether in prosecuting or defending against such actions, suits or claims) to the extent resulting from, or arising out of, or relating to the entering into
and performance of this Agreement and any other Transaction Document by any of the Applicable Agent Indemnified Parties, except for any such Applicable Agent Indemnified Liabilities arising for the account of a particular Applicable Agent
Indemnified Party by reason of the relevant Applicable Agent Indemnified Party’s gross negligence or willful misconduct. If and to the extent that the foregoing undertaking may be unenforceable for any reason, each Committed Note Purchaser,
ratably according to its respective Commitment, hereby agrees to make the maximum contribution to the payment and satisfaction of each of the Applicable Agent Indemnified Liabilities that is permissible under applicable law. The indemnity set forth
in this Section 9.05(c) shall in no event include indemnification for consequential or indirect damages of any kind or for any Class A-1 Taxes which shall be covered by (or
expressly excluded from) the indemnification provided in Section 3.08. 
 SECTION 9.06 Characterization as
Transaction Document; Entire Agreement. This Agreement shall be deemed to be a Transaction Document for all purposes of the Base Indenture and the other Transaction Documents. This Agreement, together with the Base Indenture, the Series 2019-3 Supplement, the documents delivered pursuant to Article VII and the other Transaction Documents, including the exhibits and schedules thereto, contains a final and complete integration of all prior
expressions by the parties hereto with respect to the subject matter hereof and shall constitute the entire agreement among the parties hereto with respect to the subject matter hereof, superseding all previous oral statements and other writings
with respect thereto. 
 SECTION 9.07 Notices. All notices, amendments, waivers, consents and other communications provided to any
party hereto under this Agreement shall be in writing and addressed, delivered or transmitted to such party at its address or e-mail address set forth below its signature hereto, in the case of the Issuer or
the Manager, or on Schedule II, in the case of the Lender Parties, the Administrative Agent and the Funding Agents, or in each case at such other address or e-mail address as may be designated by such
party in a notice to the other parties. Any notice, if mailed and properly addressed with postage prepaid or if properly addressed and sent by pre-paid courier service, shall be deemed given when received; any
notice, if transmitted by e-mail, shall be deemed given when received. 
 SECTION 9.08
Severability of Provisions. Any covenant, provision, agreement or term of this Agreement that is prohibited or is held to be void or unenforceable in any jurisdiction shall, as to that jurisdiction, be ineffective to the extent of the
prohibition or unenforceability without invalidating the remaining provisions of this Agreement. 

  
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 SECTION 9.09 Tax Characterization(a) . (a) Each party to this Agreement
(i) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all federal, state and local income and franchise tax purposes, the Series 2019-3 Class A-1 Notes will be treated as evidence of indebtedness, (ii) agrees to treat the Series 2019-3 Class A-1 Notes for
all such purposes as indebtedness and (iii) agrees that the provisions of the Transaction Documents shall be construed to further these intentions. 

(b) Each Series 2019-3 Class A-1 Noteholder shall,
acting solely for this purpose as an agent of the Issuer, maintain a register on which it enters the name and address of each related Lender Party (and, if applicable, Program Support Provider) and the applicable portions of the Series 2019-3 Class A-1 Outstanding Principal Amount (and stated interest) with respect to such Series 2019-3 Class A-1 Noteholder of each Lender Party (and, if applicable, Program Support Provider) that has an interest in such Series 2019-3
Class A-1 Noteholder’s Series 2019-3 Class A-1 Notes (the “Series
2019-3 Class A-1 Notes Register”), provided that no Series 2019-3
Class A-1 Noteholder shall have any obligation to disclose all or any portion of the Series 2019-3 Class A-1 Notes
Register to any Person except to the extent such that such disclosure is necessary to establish that such Series 2019-3 Class A-1 Notes are in registered form under
Section 5f.103-1(c) of the U.S. Treasury regulations. 
 SECTION 9.10 No Proceedings;
Limited Recourse. 
 (a) The Securitization Entities. Each of the parties hereto (other than the Issuer) hereby covenants and
agrees that, prior to the date that is one year and one day after the payment in full of the last maturing Note issued by the Issuer pursuant to the Base Indenture, it will not institute against, or join with any other Person in instituting against,
any Securitization Entity, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings, under any federal or state bankruptcy or similar law, all as more particularly set forth in
Section 14.13 of the Base Indenture and subject to any retained rights set forth therein; provided, however, that nothing in this Section 9.10(a) shall constitute a waiver of
any right to indemnification, reimbursement or other payment from the Securitization Entities pursuant to this Agreement, the Series 2019-3 Supplement, the Base Indenture or any other Transaction Document. In
the event that a Lender Party (solely in its capacity as such) takes action in violation of this Section 9.10(a), each affected Securitization Entity shall file or cause to be filed an answer with the bankruptcy
court or otherwise properly contest or cause to be contested the filing of such a petition by any such Person against such Securitization Entity or the commencement of such action and raise or cause to be raised the defense that such Person has
agreed in writing not to take such action and should be estopped and precluded therefrom and such other defenses, if any, as its counsel advises that it may assert. Nothing contained herein shall preclude participation by a Lender Party in the
assertion or defense of its claims in any such proceeding involving any Securitization Entity. The obligations of the Issuer under this Agreement are solely the limited liability company or corporate, as the case may be, obligations of the Issuer.

 (b) The Conduit Investors. Each of the parties hereto hereby covenants and agrees that it will not, prior to the date that is one
year and one day after the payment in full of all Commercial Paper or other debt securities or instruments issued by a Conduit Investor, institute against, or join with any other Person in instituting against, such Conduit Investor, any bankruptcy,
reorganization, arrangement, insolvency, examination or liquidation proceedings, or other proceedings under any federal or state (or any other jurisdiction with authority over such Conduit Investor) bankruptcy or similar law; provided,
however, that, subject to Section 9.10(d), nothing in this Section 9.10(b) shall constitute a waiver of any right to indemnification, reimbursement or other payment from such Conduit
Investor pursuant to this Agreement, the Series 2019-3 Supplement, the Base Indenture or any other Transaction Document. In the event that any such party takes action in violation of this
Section 9.10(b), such related Conduit Investor may file an answer with the bankruptcy court or otherwise properly contest or cause to be contested the 

  
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filing of such a petition by any such party against such Conduit Investor or the commencement of such action and raise or cause to be raised the defense that such party has agreed in writing not
to take such action and should be estopped and precluded therefrom and such other defenses, if any, as its counsel advises that it may assert. Nothing contained herein shall preclude participation by any of the Securitization Entities, the Manager
or a Lender Party in assertion or defense of its claims in any such proceeding involving a Conduit Investor. Subject to Section 9.10(d), the obligations of the Conduit Investors under this Agreement are solely the corporate
obligations of the Conduit Investors. No recourse shall be had for the payment of any amount owing in respect of this Agreement, including any obligation or claim arising out of or based upon this Agreement, against any stockholder, employee,
officer, agent, director, member, affiliate or incorporator (or Person similar to an incorporator under state business organization laws) of any Conduit Investor; provided, however, nothing in this
Section 9.10(b) shall relieve any of the foregoing Persons from any liability that any such Person may otherwise have for its gross negligence, bad faith or willful misconduct. 

(c) [Reserved]. 
 (d)
Notwithstanding any provisions contained in this Agreement to the contrary, no Conduit Investor shall be obligated to pay any fees, costs, indemnified amounts or expenses due pursuant to this Agreement (“Conduit Investor Amounts”)
other than in accordance with the order of priorities set out in such Conduit Investor’s commercial paper program documents and all payment obligations of each Conduit Investor hereunder are contingent on the availability of funds received
pursuant to this Agreement or the Notes and in excess of the amounts necessary to pay its commercial paper notes; provided, however, that each Committed Note Purchaser shall pay any Conduit Investor Amounts, on behalf of any Conduit
Investor in such Committed Note Purchaser’s Investor Group, as and when due hereunder, to the extent that such Conduit Investor is precluded by its commercial paper program documents from paying such Conduit Investor Amounts in accordance with
this Agreement. Any such amount which any Conduit Investor does not pay pursuant to the operation of the preceding sentence shall not constitute a claim against or corporate obligation of such Conduit Investor for any such insufficiency unless and
until funds received pursuant to this Agreement or the Notes are available for the payment of such amounts as aforesaid. 
 (e) The
provisions of this Section 9.10 shall survive the termination of this Agreement. 
 SECTION 9.11
Confidentiality. Each Lender Party, Funding Agent and the Administrative Agent agrees that it shall not disclose any Confidential Information to any Person without the prior written consent of the Manager and the Issuer, other than
(a) to their Affiliates, and their Affiliates’ officers, directors, employees, managers, administrators, trustees, agents and advisors, including, without limitation, legal counsel and accountants (it being understood that the Person to
whom such disclosure is made will be informed of the confidential nature of such Confidential Information and instructed to keep it confidential), (b) to actual or prospective assignees and participants, and then only on a confidential basis
(after obtaining such actual or prospective assignee’s or participant’s agreement to keep such Confidential Information confidential in a manner substantially similar to this Section 9.11), (c) as requested
by a Governmental Authority or self-regulatory organization or required by any law, rule or regulation or judicial process of which the Issuer or the Manager, as the case may be, has knowledge; provided that each Lender Party, Funding Agent
and the Administrative Agent may disclose Confidential Information as requested by a Governmental Authority or self-regulatory organization or required by any law, rule or regulation or judicial process of which the Issuer or the Manager, as the
case may be, does not have knowledge if such Lender Party, Funding Agent or Administrative Agent is prohibited by law, rule or regulation from disclosing such requirement to the Issuer or the Manager, as the case may be, (d) to (x) Program
Support Providers and (y) any trustee or collateral agent for the benefit of the holders of the commercial paper notes or other senior indebtedness of a Conduit Investor appointed pursuant to such Conduit Investor’s program documents
(after, in each case, obtaining such Person’s agreement to keep such Confidential Information confidential in a manner substantially similar to this Section 9.11), (e) to any rating agency providing a rating for
any Series or Class of Notes or any Conduit Investor’s debt, (f) to any Person acting as a placement 

  
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agent, dealer or investor with respect to any Conduit Investor’s commercial paper (provided that any Confidential Information provided to any such placement agent, dealer or investor does
not reveal the identity of the Issuer or any of its Affiliates and is confined to information of the type that is typically provided to such entities by asset-backed commercial paper conduits), or (g) in the course of litigation with the Issuer
or the Manager; provided that (in the case of any disclosure under foregoing clause (c) the disclosing party will, to the extent permitted by applicable law, give reasonable notice of such disclosure requirement to the Issuer and the
Manager prior to disclosure of the Confidential Information, and will disclose only that portion of the Confidential Information that is necessary to comply with such requirement in a manner reasonably designed to maintain the confidentiality
thereof; and provided, further, that no such notice shall be required for any disclosure by the Administrative Agent and/or its affiliates to regulatory authorities asserting jurisdiction in connection with an examination of any such
party in the normal course. 
 “Confidential Information” means information that the Issuer, any Guarantor or the Manager
furnishes to a Lender Party, but does not include (i) any such information that is or becomes generally available to the public other than as a result of a disclosure in violation of this Section 9.11 or a disclosure
by a Person to which a Lender Party, a Funding Agent or the Administrative Agent delivered such information, (ii) any such information that was in the possession of a Lender Party prior to its being furnished to such Lender Party by the Issuer
or the Manager, or (iii) any such information that is or becomes available to a Lender Party from a source other than the Issuer or the Manager; provided that with respect to clauses (ii) and (iii) herein, such
source is not (x) known to a Lender Party to be bound by a confidentiality agreement with the Issuer or the Manager, as the case may be, with respect to the information or (y) known to a Lender Party to be otherwise prohibited from
transmitting the information by a contractual, legal or fiduciary obligation. 
 SECTION 9.12 GOVERNING LAW; CONFLICTS WITH
INDENTURE. THIS AGREEMENT AND ALL MATTERS ARISING UNDER OR IN ANY MANNER RELATING TO THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO ANY CHOICE OF LAW OR
CONFLICT PROVISION OR RULE (WHETHER OF THE STATE OF NEW YORK OR ANY OTHER JURISDICTION) THAT WOULD CAUSE THE APPLICATION OF THE LAWS OF ANY JURISDICTION OTHER THAN THE STATE OF NEW YORK, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HERETO
SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAW. IN THE EVENT OF ANY CONFLICTS BETWEEN THIS AGREEMENT AND THE INDENTURE, THE INDENTURE SHALL GOVERN. 

SECTION 9.13 JURISDICTION. ALL JUDICIAL PROCEEDINGS BROUGHT AGAINST ANY OF THE PARTIES HEREUNDER WITH RESPECT TO THIS AGREEMENT MAY
BE BROUGHT IN ANY STATE OR (TO THE EXTENT PERMITTED BY LAW) FEDERAL COURT OF COMPETENT JURISDICTION SITTING IN THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK AND BY EXECUTION AND DELIVERY OF THIS AGREEMENT, EACH PARTY HEREUNDER ACCEPTS FOR ITSELF
AND IN CONNECTION WITH ITS PROPERTIES, GENERALLY AND UNCONDITIONALLY, THE NONEXCLUSIVE JURISDICTION OF THE AFORESAID COURTS, AND IRREVOCABLY AGREES TO BE BOUND BY ANY JUDGMENT RENDERED THEREBY IN CONNECTION WITH THIS AGREEMENT. 

SECTION 9.14 WAIVER OF JURY TRIAL. ALL PARTIES HEREUNDER HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE ANY RIGHTS THEY MAY
HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH, THIS AGREEMENT, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER ORAL OR WRITTEN) OR ACTIONS OF THE PARTIES IN
CONNECTION HEREWITH OR THEREWITH. ALL PARTIES ACKNOWLEDGE AND AGREE THAT THEY HAVE RECEIVED FULL AND SIGNIFICANT CONSIDERATION FOR THIS PROVISION AND THAT THIS PROVISION IS A MATERIAL INDUCEMENT FOR ALL PARTIES TO ENTER INTO THIS AGREEMENT. 

  
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 SECTION 9.15 Counterparts. This Agreement may be executed in any number of
counterparts (which may include electronic transmission of counterparts) and by the different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original, and all of which together shall constitute one
and the same instrument. 
 SECTION 9.16 Third Party Beneficiary. The Trustee, on behalf of the Secured Parties, and the Control
Party are express third party beneficiaries of this Agreement. 
 SECTION 9.17 Assignment. 

(a) Subject to Sections 6.03 and 9.17(f), any Committed Note Purchaser may at any time sell or assign all or any part of
its rights and obligations under this Agreement, the Series 2019-3 Class A-1 Advance Notes and, in connection therewith, any other Transaction Documents to which it
is a party, with the prior written consent (not to be unreasonably withheld or delayed) of the Issuer, the Swingline Lender and the L/C Provider, to one or more financial institutions (an “Acquiring Committed Note Purchaser”)
pursuant to an assignment and assumption agreement, substantially in the form of Exhibit B (the “Assignment and Assumption Agreement”), executed by such Acquiring Committed Note Purchaser, such assigning Committed Note
Purchaser, the Funding Agent with respect to such Committed Note Purchaser, the Issuer, the Swingline Lender and the L/C Provider and delivered to the Administrative Agent; provided that no consent of the Issuer shall be required for an
assignment to another Committed Note Purchaser or any Affiliate of a Committed Note Purchaser or if a Rapid Amortization Event or an Event of Default has occurred and is continuing; provided further, that no assignment pursuant to this
Section 9.17 shall be made to a Competitor. 
 (b) Without limiting the foregoing, subject to Sections 6.03 and
9.17(f), each Conduit Investor may assign all or a portion of the Investor Group Principal Amount with respect to such Conduit Investor and its rights and obligations under this Agreement, the Series
2019-3 Class A-1 Advance Notes and, in connection therewith, any other Transaction Documents to which it is a party to a Conduit Assignee with respect to such
Conduit Investor, without the prior written consent of the Issuer. Upon such assignment by a Conduit Investor to a Conduit Assignee, (i) such Conduit Assignee shall be the owner of the Investor Group Principal Amount or such portion thereof
with respect to such Conduit Investor, (ii) the related administrative or managing agent for such Conduit Assignee will act as the Funding Agent for such Conduit Assignee hereunder, with all corresponding rights and powers, express or implied,
granted to the Funding Agent hereunder or under the other Transaction Documents, (iii) such Conduit Assignee and its liquidity support provider(s) and credit support provider(s) and other related parties, in each case relating to the Commercial
Paper and/or the Series 2019-3 Class A-1 Advance Notes, shall have the benefit of all the rights and protections provided to such Conduit Investor herein and in the
other Transaction Documents (including, without limitation, any limitation on recourse against such Conduit Assignee as provided in this paragraph), (iv) such Conduit Assignee shall assume all of such Conduit Investor’s obligations, if any,
hereunder or under the Base Indenture or under any other Transaction Document with respect to such portion of the Investor Group Principal Amount and such Conduit Investor shall be released from such obligations, (v) all distributions in
respect of the Investor Group Principal Amount or such portion thereof with respect to such Conduit Investor shall be made to the applicable Funding Agent on behalf of such Conduit Assignee, (vi) the definition of the term “CP Funding
Rate” with respect to the portion of the Investor Group Principal Amount with respect to such Conduit Investor, as applicable, funded or maintained with commercial paper issued by such Conduit Assignee from time to time shall be determined in
the manner set forth in the definition of “CP Funding Rate” applicable to such Conduit Assignee on the basis of the interest rate or discount applicable to Commercial Paper issued by or for the benefit of such Conduit Assignee (rather than
any other Conduit Investor), (vii) the defined terms and other terms and provisions of this Agreement and the other Transaction Documents shall be interpreted in accordance with the foregoing, and (viii) if requested by the Funding Agent with
respect to such Conduit Assignee, the 

  
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parties will execute and deliver such further agreements and documents and take such other actions as the Funding Agent may reasonably request to evidence and give effect to the foregoing. No
assignment by any Conduit Investor to a Conduit Assignee of all or any portion of the Investor Group Principal Amount with respect to such Conduit Investor shall in any way diminish the obligation of the Committed Note Purchasers in the same
Investor Group as such Conduit Investor under Section 2.02 to fund any Increase not funded by such Conduit Investor or such Conduit Assignee. 

(c) Subject to Sections 6.03 and 9.17(f), any Conduit Investor and the related Committed Note Purchaser(s) may at any
time sell all or any part of their respective rights and obligations under this Agreement, the Series 2019-3 Class A-1 Advance Notes and, in connection therewith,
any other Transaction Documents to which it is a party, with the prior written consent (not to be unreasonably withheld or delayed) of the Issuer, the Swingline Lender and the L/C Provider, to a multi-seller commercial paper conduit, whose
commercial paper is rated at least “A-1” (or then equivalent grade) from S&P, and one or more financial institutions providing support to such multi-seller commercial paper conduit (an
“Acquiring Investor Group”) pursuant to a transfer supplement, substantially in the form of Exhibit C (the “Investor Group Supplement” or the “Series 2019-3
Class A-1 Investor Group Supplement”), executed by such Acquiring Investor Group, the Funding Agent with respect to such Acquiring Investor Group (including the Conduit Investor and
the Committed Note Purchasers with respect to such Investor Group), such assigning Conduit Investor and the Committed Note Purchasers with respect to such Conduit Investor, the Funding Agent with respect to such assigning Conduit Investor and
Committed Note Purchasers, the Issuer, the Swingline Lender and the L/C Provider and delivered to the Administrative Agent; provided that no consent of the Issuer shall be required for an assignment to another Committed Note Purchaser or any
Affiliate of a Committed Note Purchaser and its related Conduit Investor or if a Rapid Amortization Event or an Event of Default has occurred and is continuing. For the avoidance of doubt, this Section 9.17(c) is
intended to permit and provide for (i) assignments from a Committed Note Purchaser to a Conduit Investor in a different Investor Group and (ii) assignments from a Conduit Investor to a Committed Note Purchaser in a different Investor
group, and, in each of (i) and (ii), Exhibit C shall be revised to reflect such assignments. 
 (d) Subject to Sections
6.03 and 9.17(f), the Swingline Lender may at any time assign all its rights and obligations hereunder and under the Series 2019-3 Class A-1
Swingline Note, in whole but not in part, with the prior written consent of the Issuer and the Administrative Agent, which consent shall not be unreasonably withheld or delayed, to a financial institution pursuant to an agreement with, and in form
and substance reasonably satisfactory to, the Administrative Agent and the Issuer, whereupon the assignor shall be released from its obligations hereunder; provided that no consent of the Issuer shall be required if a Rapid Amortization Event
or an Event of Default has occurred and is continuing; provided, further, that the prior written consent of each Funding Agent (other than any Funding Agent with respect to which all of the Committed Note Purchasers in such Funding
Agent’s Investor Group are Defaulting Investors), which consent shall not be unreasonably withheld or delayed, shall be required if such financial institution is not a Committed Note Purchaser. 

(e) Subject to Sections 6.03 and 9.17(f), the L/C Provider may at any time assign all or any portion of its rights and
obligations hereunder and under the Series 2019-3 Class A-1 L/C Note with the prior written consent of the Issuer and the Administrative Agent, which consent shall
not be unreasonably withheld or delayed, to a financial institution pursuant to an agreement with, and in form and substance reasonably satisfactory to, the Administrative Agent and the Issuer, whereupon the assignor shall be released from its
obligations hereunder to the extent so assigned; provided that no consent of the Issuer shall be required if a Rapid Amortization Event or an Event of Default has occurred and is continuing. 

(f) Any assignment of the Series 2019-3 Class A-1 Notes
shall be made in accordance with the applicable provisions of the Indenture. 
 SECTION 9.18 Defaulting Investors. (a) The
Issuer may, at its sole expense and effort, upon notice to such Defaulting Investor and the Administrative Agent, (i) require any Defaulting 

  
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Investor to sell all of its rights, obligations and commitments under this Agreement, the Series 2019-3
Class A-1 Notes and, in connection therewith, any other Transaction Documents to which it is a party, to an assignee; provided that (x) such assignment is made in compliance with Section 9.17
and (y) such Defaulting Investor shall have received from such assignee an amount equal to such Defaulting Investor’s Committed Note Purchaser Percentage of the related Investor Group Principal Amount of such Defaulting Investor and all
accrued interest thereon, accrued fees and all other amounts payable to such Defaulting Investor hereunder or (ii) remove any Defaulting Investor as an Investor by paying to such Defaulting Investor an amount equal to such Defaulting
Investor’s Committed Note Purchaser Percentage of the related Investor Group Principal Amount of such Defaulting Investor and all accrued interest thereon, accrued fees and all other amounts payable to such Defaulting Investor hereunder. 

(b) In the event that a Defaulting Investor desires to sell all or any portion of it rights, obligations and commitments under this
Agreement, the Series 2019-3 Class A-1 Notes and, in connection therewith, any other Transaction Documents to which it is a party, to an unaffiliated third party
assignee for an amount less than 100% (or, if only a portion of such rights, obligations and commitments are proposed to be sold, such portion) of such Defaulting Investor’s Committed Note Purchaser Percentage of the related Investor Group
Principal Amount of such Defaulting Investor and all accrued interest thereon, accrued fees and all other amounts payable to such Defaulting Investor hereunder, such Defaulting Investor shall promptly notify the Issuer of the proposed sale (the
“Sale Notice”). Each Sale Notice shall certify that such Defaulting Investor has received a firm offer from the prospective unaffiliated third party and shall contain the material terms of the proposed sale, including, without
limitation, the purchase price of the proposed sale and the portion of such Defaulting Investor’s rights, obligations and commitments proposed to be sold. The Issuer and any of its Affiliates shall have an option for a period of three
(3) Business Days from the date the Sale Notice is given to elect to purchase such rights, obligations and commitments at the same price and subject to the same material terms as described in the Sale Notice. The Issuer or any of its Affiliates
may exercise such purchase option by notifying such Defaulting Investor before expiration of such three (3) Business Days period that it wishes to purchase all (but not a portion) of the rights, obligations and commitments of such Defaulting
Investor proposed to be sold to such unaffiliated third party. If the Issuer or any of its Affiliates gives notice to such Defaulting Investor that it desires to purchase such, rights, obligations and commitments, the Issuer or such Affiliate shall
promptly pay the purchase price to such Defaulting Investor. If the Issuer or any of its Affiliates does not respond to any Sale Notice within such three (3) Business Days period, the Issuer and its Affiliates shall be deemed not to have
exercised such purchase option. 
 (c) Notwithstanding anything to the contrary contained in this Agreement, if any Investor becomes a
Defaulting Investor, then, until such time as such Investor is no longer a Defaulting Investor, to the extent permitted by applicable law: 

(i) Such Defaulting Investor’s right to approve or disapprove any amendment, waiver or consent with respect to this
Agreement shall be restricted as set forth in Section 9.01. 
 (ii) Any payment of principal,
interest, fees or other amounts payable to the account of such Defaulting Investor (whether voluntary or mandatory, at maturity or otherwise) shall be applied (and the Issuer shall instruct the Trustee to apply such amounts) as follows:
first, to the payment on a pro rata basis of any amounts owing by such Defaulting Investor to the Administrative Agent hereunder; second, to the payment on a pro rata basis of any amounts owing by such
Defaulting Investor to the L/C Provider or the Swingline Lender hereunder; third, to provide cash collateral to the L/C Provider in accordance with Section 4.03(b) in an amount equal to the amount of Undrawn
L/C Face Amounts at such time multiplied by the Commitment Percentage of such Defaulting Investor’s Investor Group multiplied by the Committed Note Purchaser Percentage of such Defaulting Investor; fourth, as the Issuer may request (so
long as no Default or Event of Default exists), to the funding of any Advance in respect of which such Defaulting Investor has failed to fund its portion thereof as required by this Agreement, as 

  
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determined by the Administrative Agent; fifth, if so determined by the Administrative Agent and the Issuer, to be held in a deposit account and released pro rata in order to
(x) satisfy such Defaulting Investor’s potential future funding obligations with respect to Advances under this Agreement and (y) to provide cash collateral to the L/C Provider in accordance with
Section 4.03(b) in an amount equal to the amount of any future Undrawn L/C Face Amounts multiplied by the Commitment Percentage of such Defaulting Investor’s Investor Group multiplied by the Committed Note
Purchaser Percentage of such Defaulting Investor; sixth, to the payment of any amounts owing to the Investors, the L/C Provider or the Swingline Lender as a result of any judgment of a court of competent jurisdiction obtained by any Investor,
the L/C Provider or the Swingline Lender against such Defaulting Investor as a result of such Defaulting Investor’s breach of its obligations under this Agreement; seventh, so long as no Default or Event of Default exists, to the payment
of any amounts owing to the Issuer as a result of any judgment of a court of competent jurisdiction obtained by the Issuer against such Defaulting Investor as a result of such Defaulting Investor’s breach of its obligations under this
Agreement; and eighth, to such Defaulting Investor or as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Advances or any extensions of credit
resulting from a drawing under any Letter of Credit that has not been reimbursed as an Advance pursuant to Section 2.08(a) in respect of which such Defaulting Investor has not fully funded its appropriate share, and
(y) such Advances were made or the related Letters of Credit were issued at a time when the conditions set forth in Section 7.03 were satisfied or waived, such payment shall be applied solely to pay the Advances of,
and extensions of credit resulting from a drawing under any Letter of Credit that has not been reimbursed as an Advance pursuant to Section 2.08(a) owed to, all non-Defaulting
Investors on a pro rata basis prior to being applied to the payment of any Advances of, participations required to be purchased pursuant to Section 2.09(a) owed to, such Defaulting Investor until such time as all
Advances and funded and unfunded participations in L/C Obligations and Swingline Loans are held by the Investors pro rata in accordance with the Commitments without giving effect to Section 9.18(c)(iii). Any
payments, prepayments or other amounts paid or payable to a Defaulting Investor that are applied (or held) to pay amounts owed by a Defaulting Investor or to post cash collateral pursuant to this
Section 9.18(c)(ii) shall be deemed paid to and redirected by such Defaulting Investor, and each Investor irrevocably consents hereto. 

(iii) All or any part of such Defaulting Investor’s participation in L/C Obligations and Swingline Loans shall be
reallocated among the non-Defaulting Investors pro rata based on their Commitments (calculated without regard to such Defaulting Investor’s Commitment) but only to the extent that
(x) the conditions set forth in Section 7.03 are satisfied at the time of such reallocation (and, unless the Issuer shall have otherwise notified the Administrative Agent at such time, the Issuer shall be deemed to
have represented and warranted that such conditions are satisfied at such time), and (y) such reallocation does not cause the product of any non-Defaulting Investor’s related Investor Group Principal
Amount multiplied by such non-Defaulting Investor’s Committed Note Purchaser Percentage to exceed such non-Defaulting Investor’s Commitment Amount. No
reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Investor arising from that Investor having become a Defaulting Investor, including any claim of a
non-Defaulting Investor as a result of such non-Defaulting Investor’s increased exposure following such reallocation. 

(iv) If the reallocation described in clause (iii) above cannot, or can only partially, be effected, the Issuer shall,
without prejudice to any right or remedy available to them hereunder or under law, prepay Swingline Loans in an amount equal to the amount that cannot be so reallocated. 

(d) If the Issuer, the Administrative Agent, the Swingline Lender and the L/C Provider agree in writing that an Investor is no longer a
Defaulting Investor, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein (which may include arrangements with respect to any cash
collateral), that 

  
 50 

 
Investor will, to the extent applicable, purchase that portion of outstanding Advances of the other Investors or take such other actions as the Administrative Agent may determine to be necessary
to cause the Advances and funded and unfunded participations in Letters of Credit and Swingline Loans to be held pro rata by the Investors in accordance with their respective Commitments (without giving effect to
Section 9.18(c)(iii)), whereupon such Investor will cease to be a Defaulting Investor; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on
behalf of the Issuer while that Investor was a Defaulting Investor; and provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Investor to Investor will
constitute a waiver or release of any claim of any party hereunder arising from that Investor’s having been a Defaulting Investor. 

SECTION 9.19 No Fiduciary Duties. The Issuer, the Manager and the Guarantors acknowledge and agree that in connection with transaction
contemplated in this Agreement, or any other services the Lender Parties may be deemed to be providing hereunder, notwithstanding any preexisting relationship, advisory or otherwise, between the parties or any oral representations or assurances
previously or subsequently made by the Lender Parties: (a) no fiduciary or agency relationship between any of the Issuer, the Manager, the Guarantors and any other person, on the one hand, and the Lender Parties, on the other, exists;
(b) the Lender Parties are not acting as advisor, expert or otherwise, to the Issuer, the Manager or the Guarantors, and such relationship between the Issuer, the Manager and the Guarantors, on the one hand, and the Lender Parties, on the
other, is entirely and solely commercial, based on arms-length negotiations; (c) any duties and obligations that the Lender Parties may have to the Issuer, the Manager and the Guarantors shall be limited to those duties and obligations
specifically stated herein; (d) the Lender Parties and their respective affiliates may have interests that differ from those of the Issuer, the Manager and the Guarantors; and (e) the Issuer, the Manager and the Guarantors have consulted
their own legal and financial advisors to the extent they deemed appropriate. The Issuer, the Manager and the Guarantors hereby waive any claims that the Issuer, the Manager and the Guarantors may have against the Lender Parties with respect to any
breach of fiduciary duty in connection with the Series 2019-3 Class A-1 Notes. 

SECTION 9.20 No Guarantee by Manager(a) . The execution and delivery of this Agreement by Manager shall not be construed as a guarantee
or other credit support by Manager of the obligations of the Securitization Entities hereunder. The Manager shall not be liable in any respect for any obligation of the Securitization Entities hereunder or any violation by any Securitization Entity
of its covenants, representations and warranties or other agreements and obligations hereunder. 
 SECTION 9.21 Acknowledgement and
Consent to Bail-In of EEA Financial Institutions. Notwithstanding anything to the contrary in any Indenture Document or in any other agreement, arrangement or understanding among any such parties, each
party hereto acknowledges that any liability of any EEA Financial Institution arising under any Indenture Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of an EEA Resolution Authority and
agrees and consents to, and acknowledges and agrees to be bound by: 
 (a) the application of any Write-Down and Conversion Powers by an
EEA Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an EEA Financial Institution; and 

(b) the effects of any Bail-In Action on any such liability, including, if applicable: 

(i) a reduction in full or in part or cancellation of any such liability; 

(ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA Financial
Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such
liability under this Agreement or any other Indenture Document; or 

  
 51 

 (iii) the variation of the terms of such liability in connection with the
exercise of the write-down and conversion powers of any EEA Resolution Authority. 
 For purposes of this
Section 9.21: 
 “Bail-In Action” means
the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. 

“Bail-In Legislation” means, with respect to any EEA Member Country
implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU
Bail-In Legislation Schedule. Following the withdrawal of the UK from the EU (hereafter referred to as “Brexit”) this definition shall include substantially equivalent legislation in the UK.

 “EEA Financial Institution” means (a) any credit institution or investment firm established in any
EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any
financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent. Following Brexit this definition
shall also include an institution in the UK subject to substantially similar supervision by UK regulators together with its parent and subsidiary entities whether in the UK or the EEA. 

“EEA Member Country” means any of the member states of the European Union, Iceland, Liechtenstein, and Norway.
Following Brexit this definition shall be deemed to include the UK. 
 “EEA Resolution Authority” means any
public administrative authority or any person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. Following Brexit this
definition shall include any authority in the UK exercising substantially similar powers under UK law. 
 “EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to
time. Following Brexit this definition shall include substantially similar publications in the UK. 
 “Write-Down and
Conversion Powers” means, with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the
applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule. 

SECTION 9.22 Patriot Act. In accordance with the USA PATRIOT Act, to help fight the funding of terrorism and money laundering
activities, any Lender Party may obtain, verify and record information that identifies individuals or entities that establish a relationship with such Lender Party. Such Lender Party may ask for the name, address, tax identification number and other
information that will allow it to identify the individual or entity who is establishing the relationship or opening the account. Such Lender Party may also ask for formation documents such as articles of incorporation, an offering memorandum, or
other identifying documents to be provided. 
 SECTION 9.23 Recognition of the U.S. Special Resolution Regimes. 

(a) In the event that any Lender Party that is a Covered Entity becomes subject to a proceeding under a U.S. Special Resolution Regime, the
transfer from such Lender Party of this Agreement, and any interest and obligation in or under this Agreement, will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if this Agreement, and
any such interest and obligation, were governed by the laws of the United States or a state of the United States. 

  
 52 

 (b) In the event that any Lender Party that is a Covered Entity or a BHC Act Affiliate of
such Lender Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under this Agreement that may be exercised against such Lender Party are permitted to be exercised to no greater extent than such Default Rights
could be exercised under the U.S. Special Resolution Regime if this Agreement were governed by the laws of the United States or a state of the United States. 

For purposes of this Section 9.23: 

“BHC Act Affiliate” has the meaning assigned to the term “affiliate” in, and shall be interpreted in
accordance with, 12 U.S.C. § 1841(k). 
 “Covered Entity” means any of the following: (i) a
“covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b); (ii) a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or
(iii) a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b). 

“Default Right” has the meaning assigned to that term in, and shall be interpreted in accordance with, 12
C.F.R. §§ 252.81, 47.2 or 382.1, as applicable. 
 “U.S. Special Resolution Regime” means each of
(i) the Federal Deposit Insurance Act and the regulations promulgated thereunder and (ii) Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the regulations promulgated thereunder. 

[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] 

  
 53 

 If the foregoing correctly sets forth the agreement among the Issuer, the Manager, the
Guarantors and the Initial Purchaser, please indicate your acceptance in the space provided for that purpose below. 
  

			
	 Very truly yours,
  

	 DRIVEN BRANDS FUNDING, LLC,
 as
Issuer

		
	By:	 	/s/ Noah Pollack
		 	 Name: Noah Pollack
 Title: Executive Vice
President and Secretary

 
					
			
		 	 Address: 
	 	 440 S. Church Street, Suite 700
 Charlotte, NC
28202

		 	 Attention:
	 	 Noah Pollack
 Executive Vice President and
Secretary

  

			
	 DRIVEN BRANDS, INC., as Manager

		
	By:	 	/s/ Noah Pollack
		 	 Name: Noah Pollack
 Title: Executive Vice
President and Secretary

 
					
			
		 	 Address: 
	 	 440 S. Church Street, Suite 700
 Charlotte, NC
28202

		 	 Attention:
	 	 Noah Pollack
 Executive Vice President and
Secretary

  
 Signature Page to
Driven Brands Series 2019-3 Notes, Class A-1 Note Purchase Agreement 

 
			
	 DRIVEN FUNDING HOLDCO, LLC
 DRIVEN
SYSTEMS LLC
 DRIVEN PRODUCT SOURCING LLC
 1-800-RADIATOR PRODUCT SOURCING LLC
 1-800-RADIATOR FRANCHISOR SPV LLC
 MEINEKE FRANCHISOR SPV LLC

MAACO FRANCHISOR SPV LLC
 ECONO LUBE FRANCHISOR SPV LLC

DRIVE N STYLE FRANCHISOR SPV LLC
 MERLIN FRANCHISOR SPV LLC,

CARSTAR FRANCHISOR SPV LLC
 TAKE 5 FRANCHISOR SPV LLC

TAKE 5 PROPERTIES SPV LLC
 ABRA FRANCHISOR SPV LLC

	
	 each as a Guarantor

		
	By:	 	/s/ Noah Pollack
		 	 Name: Noah Pollack
 Title: Executive Vice
President and Secretary

  
 Signature Page to
Driven Brands Series 2019-3 Notes, Class A-1 Note Purchase Agreement 

 
			
	 BARCLAYS BANK PLC,
 as
Administrative Agent

		
	By:	 	 /s/ Daniel Hufnagel 

		 	 Name: Daniel Hufnagel
 Title:
Director

  

			
	 BARCLAYS BANK PLC, NEW YORK BRANCH, as L/C Provider

		
	By:	 	 /s/ Daniel Hufnagel

		 	 Name: Daniel Hufnagel
 Title:
Director

  

			
	 BARCLAYS BANK PLC, as Swingline Lender

		
	By:	 	 /s/ Daniel Hufnagel

		 	 Name: Daniel Hufnagel
 Title:
Director

  

			
	 BARCLAYS BANK PLC,
 as the Committed
Note Purchaser

		
	By:	 	 /s/ Daniel Hufnagel

		 	 Name: Daniel Hufnagel
 Title:
Director

  

			
	 BARCLAYS BANK PLC,
 as the related
Funding Agent

		
	By:	 	 /s/ Daniel Hufnagel

		 	 Name: Daniel Hufnagel
 Title:
Director

  
 [Signature Page to Class
A-1 Note Purchase Agreement] 

 SCHEDULE I TO CLASS A-1 

NOTE PURCHASE AGREEMENT 

INVESTOR GROUPS AND COMMITMENTS 
  

																	
	 Investor Group/Funding Agent
	  	Maximum Investor
Group Principal
Amount	 	  	Conduit
Lender
(if any)	 	  	Committed Note
Purchaser(s)	 	  	Commitment
Amount	 
	 Barclays Bank PLC
	  	$	115,000,000.00	 	  	 	N/A	 	  	 	Barclays Bank PLC	 	  	$	115,000,000.00	 

  
 Schedule I-1 

 SCHEDULE II TO CLASS A-1 

NOTE PURCHASE AGREEMENT 

NOTICE ADDRESSES FOR LENDER PARTIES AND AGENTS 

Conduit Investors 
 Barclays
Bank PLC 
 N/A 
 Committed Note
Purchaser 
 Barclays Bank PLC 
 Barclays Bank
PLC 
 1301 Sixth Avenue 
 New York, New York 10019 

Attention: Roger Billotto 
 Telephone: 201-499-8482 
 Email: BarcapConduitOps@Barclays.com and ASGReports@barclays.com

 and 
 Barclays Bank PLC 

745 Seventh Avenue, 5th Floor 
 New York, New York 10019 

Attention: David Hufnagel 
 Telephone: 212-528-7475 
 Email: David.Hufnagel@barclays.com 

Funding Agent 
 Barclays Bank
PLC 
 Barclays Bank PLC 
 1301 Sixth Avenue 

New York, New York 10019 
 Attention: Roger Billotto 

Telephone: 201-499-8482 

Email: BarcapConduitOps@Barclays.com and ASGReports@barclays.com 

and 
 Barclays Bank PLC 

745 Seventh Avenue, 5th Floor 
 New York, New York 10019 

Attention: David Hufnagel 
 Telephone: 212-528-7475 
 Email: David.Hufnagel@barclays.com 

  
 Schedule II-1 

 Administrative Agent 

Barclays Bank PLC 
 Barclays Bank PLC 

1301 Sixth Avenue 
 New York, New York 10019 

Attention: Roger Billotto 
 Telephone: 201-499-8482 
 Email: BarcapConduitOps@Barclays.com and ASGReports@barclays.com

 and 
 Barclays Bank PLC 

745 Seventh Avenue, 5th Floor 
 New York, New York 10019 

Attention: David Hufnagel 
 Telephone: 212-528-7475 
 Email: David.Hufnagel@barclays.com 

Swingline Lender 
 Barclays Bank PLC

 Barclays Bank PLC 
 1301 Sixth Avenue 

New York, New York 10019 
 Attention: Roger Billotto 

Telephone: 201-499-8482 

Email: BarcapConduitOps@Barclays.com and ASGReports@barclays.com 

and 
 Barclays Bank PLC 

745 Seventh Avenue, 5th Floor 
 New York, New York 10019 

Attention: David Hufnagel 
 Telephone: 212-528-7475 
 Email: David.Hufnagel@barclays.com 

L/C Provider 
 Barclays Bank
PLC, New York Branch 
 Barclays Bank PLC, New York Branch 

200 Park Avenue 
 New York, NY 10166 

Attention: Letters of Credit/Dawn Townsend 
 Telephone: (201) 499-2081 
 Fax: (212) 412-5011 

Email: xraletterofcredit@barclays.com 

  
 Schedule II-2 

 and 
 Barclays
Bank PLC 
 1301 Sixth Avenue 
 New York, New York 10019 

Attention: Roger Billotto 
 Telephone: 201-499-8482 
 Email: BarcapConduitOps@Barclays.com and ASGReports@barclays.com

 and 
 Barclays Bank PLC 

745 Seventh Avenue, 5th Floor 
 New York, New York 10019 

Attention: David Hufnagel 
 Telephone: 212-528-7475 
 Email: David.Hufnagel@barclays.com 

  
 Schedule II-3 

 SCHEDULE III TO CLASS A-1 

NOTE PURCHASE AGREEMENT 

ADDITIONAL CLOSING CONDITIONS 
 The
following are the additional conditions to initial issuance and effectiveness referred to in Section 7.01(d): 

(a) All corporate proceedings and other legal matters incident to the authorization, form and validity of each of the Transaction Documents,
and all other legal matters relating to the Transaction Documents and the transactions contemplated thereby, shall be reasonably satisfactory in all material respects to the Lender Parties, and the Issuer, the Manager and the Guarantors shall have
furnished to the Lender Parties all documents and information that the Lender Parties or their counsel may reasonably request to enable them to pass upon such matters. 

(b) Richards, Layton & Finger, P.A., as counsel to the Issuer, the Manager and the Guarantors, shall have furnished to the
Administrative Agent and the Lender Parties written opinions or reliance letters that are customary for transactions of this type and reasonably satisfactory in form and substance to counsel to the Lender Parties, addressed to the Lender Parties and
dated the Series 2019-3 Closing Date; provided, that with respect to perfection matters regarding the Securitization-Owned Locations contributed to the Securitization Entities on or around
December 10, 2019, such opinion may be delivered on the date that is ten Business Days after the Series 2019-3 Closing Date. 

(c) Paul, Weiss, Rifkind, Wharton & Garrison LLP, as counsel to the Issuer, the Manager and the Guarantors, shall have furnished to
the Administrative Agent and the Lender Parties written opinions that are customary for transactions of this type, including in respect of corporate, securities and investment company act matters, security interest matters, “true
contribution” and “non-consolidation” matters and tax matters, and in each case reasonably satisfactory in form and substance to counsel to the Lender Parties, addressed to the Lender Parties
and dated the Series 2019-3 Closing Date. 
 (d) [Intentionally Omitted] 

(e) [Intentionally Omitted] 

(f) DLA Piper LLP, as franchise counsel to the Issuer, the Manager and the Guarantors, shall have furnished to the Administrative Agent and
the Lender Parties reliance letters that are customary for transactions of this type and reasonably satisfactory in form and substance to counsel to the Lender Parties, addressed to the Lender Parties and dated the Series 2019-3 Closing Date. 
 (g) Dentons US LLP, as counsel to the Trustee, shall have furnished to the
Administrative Agent and the Lender Parties written opinions that are customary for transactions of this type and reasonably satisfactory in form and substance to counsel to the Lender Parties, addressed to the Lender Parties and dated the Series 2019-3 Closing Date. 
 (h) The Administrative Agent and the Lender Parties shall have received an opinion
or reliance letter of Andrascik & Tita LLC, counsel to the Servicer, dated the Series 2019-3 Closing Date and addressed to the Administrative Agent and the Lender Parties, in form and substance
reasonably satisfactory to counsel to the Lender Parties. 
 (i) The Administrative Agent and the Lender Parties shall have received an
opinion or reliance letter of in-house counsel to the Back-Up Manager, dated as of the Series 2019-3 Closing Date and addressed
to the Administrative Agent and the Lender Parties, in form and substance reasonably satisfactory to counsel to the Lender Parties. 

  
 Schedule III-1 

 (j) Each of the Issuer, the Manager and the Guarantors, as applicable, shall have furnished
or caused to be furnished to the Administrative Agent a certificate of the Chief Financial Officer of the Issuer, the Manager and the Guarantors, as applicable, or other officers reasonably satisfactory to the Administrative Agent, dated as of the
Series 2019-3 Closing Date, as to such matters as the Administrative Agent may reasonably request, including, without limitation, a statement that the representations, warranties and agreements of the Issuer,
the Manager and the Guarantors, as applicable, in any other Transaction Document to which any of the Issuer, the Manager and the Guarantors, as applicable, is a party are true and correct (A) if qualified as to materiality, in all respects, and
(B) if not so qualified, in all material respects, on and as of the Series 2019-3 Closing Date (unless stated to relate solely to an earlier date, in which case such representations and warranties shall
be true and correct (x) if qualified as to materiality, in all respects, and (y) if not so qualified, in all material respects, as of such earlier date), and the Issuer, the Manager, and each Guarantor, as applicable, has complied in all
material respects with all its agreements contained herein and in any other Transaction Document to which it is a party and satisfied all the conditions on its part to be performed or satisfied hereunder or thereunder at or prior to the Series 2019-3 Closing Date. 
 (k) There shall exist at and as of the Series
2019-3 Closing Date no condition that would constitute an “Event of Default” (or an event that with notice or the lapse of time, or both, would constitute an “Event of Default”) under, and
as defined in, the Indenture or a material breach under any of the Transaction Documents as in effect at the Series 2019-3 Closing Date (or an event that with notice or lapse of time, or both, would constitute
such a material breach). On the Series 2019-3 Closing Date, each of the Transaction Documents shall be in full force and effect. 

(l) The Series 2019-3 Supplement shall have been duly executed and delivered by the Issuer, the 2019-3 Securities Intermediary and the Trustee, the Series 2019-3 Class A-1 Notes shall have been duly executed and delivered by
the Issuer and duly authenticated by the Trustee, and the Administrative Agent shall have received duly executed copies thereof. 
 (m) The
Manager, each Guarantor and the Issuer shall have furnished to the Administrative Agent and the Lender Parties a certificate, dated as of the Series 2019-3 Closing Date, of the Chief Financial Officer of such
entity that such entity will be Solvent immediately after the consummation of the transactions contemplated by this Agreement. 
 (n) None
of the transactions contemplated by this Agreement shall be subject to an injunction (temporary or permanent) and no restraining order or other injunctive order shall have been issued; and there shall not have been any legal action, order, decree or
other administrative proceeding instituted or (to the knowledge of the Issuer or the Manager) overtly threatened against the Issuer, the Manager and the Guarantors or the Lender Parties that would reasonably be expected to adversely impact the
issuance of the Series 2019-3 Notes and the Guarantee and Collateral Agreement or the Lender Parties’ activities in connection therewith or any other transactions contemplated by the Transaction
Documents. 
 (o) The representations and warranties of each of the Issuer, the Manager and the Guarantors (to the extent a party thereto)
contained in the Transaction Documents to which any of the Issuer, the Manager and the Guarantors is a party will be true and correct (i) if qualified as to materiality, in all respects, and (ii) if not so qualified, in all material
respects, as of the Series 2019-3 Closing Date (unless stated to relate solely to an earlier date, in which case such representations and warranties shall be true and correct (x) if qualified as to
materiality, in all respects, and (y) if not so qualified, in all material respects, as of such earlier date). 

  
 Schedule III-2 

 (p) On or prior to the Series 2019-3 Closing Date,
the Manager, the Guarantors and the Issuer shall have furnished to the Administrative Agent and the Lender Parties such further certificates and documents as the Lender Parties may reasonably request. 

All opinions, letters, evidence and certificates mentioned above or elsewhere in this Agreement shall be deemed to be in compliance with the
provisions hereof only if they are in form and substance reasonably satisfactory to counsel for the Administrative Agent. 

  
 Schedule III-3 

 SCHEDULE IV TO CLASS A-1 

NOTE PURCHASE AGREEMENT 

Letters of Credit 
  

											
	Applicant	  	Beneficiary	  	
Facility

Maturity
	  	
LC Effective

Date
	  	
LC Expiry

Date
	  	Face Amount
	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 

  
 Schedule IV-1 

 EXHIBIT A TO CLASS A-1 

NOTE PURCHASE AGREEMENT 

ADVANCE REQUEST 
 DRIVEN
BRANDS FUNDING, LLC 
 SERIES 2019-3 VARIABLE FUNDING SENIOR SECURED NOTES, CLASS A-1 
 TO: 

BARCLAYS BANK PLC, as Administrative Agent 
 1301 Sixth
Avenue 
 New York, New York 10019 
 Attention: Roger Billotto

 Telephone: 201-499-8482 

Email: BarcapConduitOps@Barclays.com and ASGReports@barclays.com 

Barclays Bank PLC 
 745 Seventh Avenue, 5th Floor 

New York, New York 10019 
 Attention: David Hufnagel 

Telephone: 212-528-7475 

Email: David.Hufnagel@barclays.com 
 Citibank, N.A., as Trustee

 388 Greenwich Street 
 New York, NY 10013 

Attention: Agency & Trust – Driven Brands Funding, LLC 

Phone (888) 855-9695 (to obtain Citibank, N.A. account manager’s email address) 

and 
 Midland Loan Services, a division of PNC Bank, National
Association, 
 as Control Party 
 10851 Mastin Street 

Overland Park, KS 66210 
 Email: Brandy.Toepfer@midlandls.com 

Ladies and Gentlemen: 
 This Advance Request is
delivered to you pursuant to Section 2.03 of that certain Series 2019-3 Class A-1 Note Purchase Agreement, dated as of December 11,
2019 (as amended, supplemented, amended and restated or otherwise modified from time to time, the “Series 2019-3 Class A-1 Note Purchase
Agreement”; terms defined therein being used herein as therein defined) among Driven Brands Funding, LLC, as Issuer, Driven Funding Holdco, LLC, Driven Systems LLC, Driven Product Sourcing LLC, 1-800-Radiator Product Sourcing LLC, 1-800-Radiator Franchisor SPV LLC, Meineke Franchisor SPV LLC, Maaco Franchisor SPV LLC,
Econo Lube Franchisor SPV LLC, Drive N Style Franchisor SPV LLC, CARSTAR Franchisor SPV LLC, Take 5 Franchisor SPV LLC, Take 5 Properties SPV LLC, ABRA Franchisor SPV LLC, and Merlin Franchisor SPV LLC (each, a “Guarantor” and,
collectively, the “Guarantors”), Driven Brands, Inc., as the Manager, the Conduit Investors, the Committed Note Purchasers, for each Investor Group, the Funding Agents, Barclays Bank PLC, New York Branch, as L/C Provider, and
Barclays Bank PLC, as Swingline Lender and Administrative Agent. 

  
 A-1 

 Unless otherwise defined herein or as the context otherwise requires, terms used herein have
the meaning assigned thereto under or as provided in the Recitals and Section 1.01 of the Series 2019-3 Class A-1 Note Purchase Agreement.

 The undersigned hereby requests that Advances be made in the aggregate principal amount of
$        on             , 20___. 

[IF ISSUER IS ELECTING EURODOLLAR RATE FOR THESE ADVANCES ON THE DATE MADE IN ACCORDANCE WITH SECTION 3.01(B) OF THE CLASS A-1 NOTE PURCHASE AGREEMENT, ADD THE FOLLOWING SENTENCE: The undersigned hereby elects that the Advances that are not funded at the CP Rate by an Eligible Conduit Investor shall be Eurodollar Advances and the
related Eurodollar Interest Accrual Period shall commence on the date of such Eurodollar Advances and end on but exclude the date [one month subsequent to such date] [two months subsequent to such date] [three months subsequent to such date] [six
months subsequent to such date].] 
 The undersigned hereby acknowledges that the delivery of this Advance Request and the
acceptance by the undersigned of the proceeds of the Advances requested hereby constitute a representation and warranty by the undersigned that, on the date of such Advances, and before and after giving effect thereto and to the application of the
proceeds therefrom, all conditions set forth in Section 7.03 of the Series 2019-3 Class A-1 Note Purchase Agreement, including
Section 7.03(a), have been satisfied. 
 The undersigned agrees that if prior to the time of the Advances
requested hereby any matter certified to herein by it will not be true and correct at such time as if then made, it will immediately so notify both you and each Investor. Except to the extent, if any, that prior to the time of the Advances requested
hereby you and each Investor shall receive written notice to the contrary from the undersigned, each matter certified to herein shall be deemed once again to be certified as true and correct at the date of such Advances as if then made. 

Please wire transfer the proceeds of the Advances, first, at the election of the Issuer
$[                    ] to the Swingline Lender and $[    ] to the L/C Provider for application to repayment of
outstanding Swingline Loans and Unreimbursed L/C Drawings, as applicable, and, second, to the Issuer pursuant to the following instructions: 

[insert payment instruction for payment to Issuer] 

  
 A-2 

 The undersigned has caused this Advance Request to be executed and delivered, and the
certification and warranties contained herein to be made, by its duly 
 Authorized Officer this ____ day
of        , 20___. 
  

			
	 DRIVEN BRANDS, INC., as Manager on behalf of the Issuer

		
	By:	 	 
		 	Name:
		 	Title:

  
 A-3 

 EXHIBIT A-1 TO CLASS
A-1 
 NOTE PURCHASE AGREEMENT 

SWINGLINE LOAN REQUEST 

DRIVEN BRANDS FUNDING, LLC 

SERIES 2019-3 VARIABLE FUNDING SENIOR SECURED NOTES, CLASS
A-1 
 TO: 

BARCLAYS BANK PLC, as Swingline Lender 
 1301 Sixth Avenue

 New York, New York 10019 
 Attention: Roger Billotto 

Telephone: 201-499-8482 

Email: BarcapConduitOps@Barclays.com and ASGReports@barclays.com 

and 
 Barclays Bank PLC 

745 Seventh Avenue, 5th Floor 
 New York, New York 10019 

Attention: David Hufnagel 
 Telephone: 212-528-7475 
 Email: David.Hufnagel@barclays.com 

Ladies and Gentlemen: 
 This Swingline Loan
Request is delivered to you pursuant to Section 2.06(b) of that certain Series 2019-3 Class A-1 Note Purchase Agreement, dated as of
December 11, 2019 (as amended, supplemented, amended and restated or otherwise modified from time to time, the “Series 2019-3 Class A-1
Note Purchase Agreement”; terms defined therein being used herein as therein defined) among Driven Brands Funding, LLC, as Issuer, Driven Funding Holdco, LLC, Driven Systems LLC, Driven Product Sourcing LLC,
1-800-Radiator Product Sourcing LLC, 1-800-Radiator Franchisor SPV LLC, Meineke
Franchisor SPV LLC, Maaco Franchisor SPV LLC, Econo Lube Franchisor SPV LLC, Drive N Style Franchisor SPV LLC, CARSTAR Franchisor SPV LLC, Take 5 Franchisor SPV LLC, Take 5 Properties SPV LLC, ABRA Franchisor SPV LLC, and Merlin Franchisor SPV LLC
(each, a “Guarantor” and, collectively, the “Guarantors”), Driven Brands, Inc., as the Manager, the Conduit Investors, the Committed Note Purchasers, for each Investor Group, the Funding Agents, Barclays Bank PLC,
New York Branch, as L/C Provider and Barclays Bank PLC, as Swingline Lender and Administrative Agent. 
 Unless otherwise defined
herein or as the context otherwise requires, terms used herein have the meaning assigned thereto under or as provided in the Recitals and Section 1.01 of the Series 2019-3 Class A-1 Note Purchase Agreement. 
 The undersigned hereby requests that Swingline Loans be made in
the aggregate principal amount of $        on             , 20___. 

The undersigned hereby acknowledges that the delivery of this Swingline Loan Request and the acceptance by the undersigned of the proceeds of
the Swingline Loans requested hereby constitute a representation and warranty by the undersigned that, on the date of such Advances, and before and after giving effect thereto and to the application of the proceeds therefrom, all conditions set
forth in Section 7.03 of the Series 2019-3 Class A-1 Note Purchase Agreement, including Section 7.03(a), have
been satisfied. 

  
 A-1-1 

 The undersigned agrees that if prior to the time of the Swingline Loans requested hereby any
matter certified to herein by it will not be true and correct at such time as if then made, it will immediately so notify you. Except to the extent, if any, that prior to the time of the Swingline Loans requested hereby you shall receive written
notice to the contrary from the undersigned, each matter certified to herein shall be deemed once again to be certified as true and correct at the date of such Swingline Loans as if then made. 

Please wire transfer the proceeds of the Swingline Loans to the Issuer pursuant to the following instructions: 

[insert payment instructions for payment to the Issuer] 

  
 A-1-2 

 The undersigned has caused this Swingline Loan Request to be executed and delivered, and the certification
and warranties contained herein to be made, by its duly Authorized 
 Officer this ____ day of    , 20___. 

 

			
	 DRIVEN BRANDS, INC., as Manager on behalf of the Issuer

		
	By:	 	 
		 	Name:
		 	Title:

  
 A-1-3 

 EXHIBIT A-2 TO CLASS
A-1 
 NOTE PURCHASE AGREEMENT 

[Reserved] 

  
 A-2-1 

 EXHIBIT B TO CLASS A-1 

NOTE PURCHASE AGREEMENT 

ASSIGNMENT AND ASSUMPTION AGREEMENT, dated as of [ ], among
[                ] (the “Transferor”), each purchaser listed as an Acquiring Committed Note Purchaser on the signature pages hereof (each, an
“Acquiring Committed Note Purchaser”), the Funding Agent with respect to such Acquiring Committed Note Purchaser listed on the signature pages hereof (each, an “Acquiring Funding Agent”), and the Issuer, Swingline
Lender and L/C Provider listed on the signature pages hereof. 
 W I T N E S S E
T H: 
 WHEREAS, this Assignment and Assumption Agreement is being executed and delivered in accordance with
Section 9.17(a) of that certain Series 2019-3 Class A-1 Note Purchase Agreement, dated as of December 11, 2019 (as amended,
supplemented, amended and restated or otherwise modified from time to time, the “Series 2019-3 Class A-1 Note Purchase Agreement”;
terms defined therein being used herein as therein defined) among Driven Brands Funding, LLC, as Issuer, Driven Funding Holdco, LLC, Driven Systems LLC, Driven Product Sourcing LLC,
1-800-Radiator Product Sourcing LLC, 1-800-Radiator Franchisor SPV LLC, Meineke
Franchisor SPV LLC, Maaco Franchisor SPV LLC, Econo Lube Franchisor SPV LLC, Drive N Style Franchisor SPV LLC, CARSTAR Franchisor SPV LLC, Take 5 Franchisor SPV LLC, Take 5 Properties SPV LLC, ABRA Franchisor SPV LLC, and Merlin Franchisor SPV LLC
(each, a “Guarantor” and, collectively, the “Guarantors”), Driven Brands, Inc., as the Manager, the Conduit Investors, the Committed Note Purchasers, for each Investor Group, the Funding Agents, Barclays Bank PLC,
New York Branch, as L/C Provider, and Barclays Bank PLC, as Swingline Lender and Administrative Agent; 
 WHEREAS, each Acquiring Committed
Note Purchaser (if it is not already an existing Committed Note Purchaser) wishes to become a Committed Note Purchaser party to the Series 2019-3 Class A-1 Note
Purchase Agreement; and 
 WHEREAS, the Transferor is selling and assigning to each Acquiring Committed Note Purchaser, [all] [a portion of]
its rights, obligations and Commitment Amounts under the Series 2019-3 Class A-1 Note Purchase Agreement, the Series 2019-3 Class A-1 Advance Notes and each other Transaction Document to which it is a party with respect to the percentage of its Commitment Amount specified on Schedule I attached hereto; 

NOW, THEREFORE, the parties hereto hereby agree as follows: 

Upon the execution and delivery of this Assignment and Assumption Agreement by each Acquiring Committed Note Purchaser, each related Acquiring
Funding Agent, the Transferor, the Swingline Lender, the L/C Provider and, to the extent required by Section 9.17(a) of the Series 2019-3
Class A-1 Note Purchase Agreement, the Issuer (the date of such execution and delivery, the “Transfer Issuance Date”), each Acquiring Committed Note Purchaser shall be a Committed Note
Purchaser, and each Acquiring Funding Agent shall be a Funding Agent, party to the Series 2019-3 Class A-1 Note Purchase Agreement for all purposes thereof. 

The Transferor acknowledges receipt from each Acquiring Committed Note Purchaser of an amount equal to the purchase price, as agreed between
the Transferor and such Acquiring Committed Note Purchaser (the “Purchase Price”), of the portion being purchased by such Acquiring Committed Note Purchaser (such Acquiring Committed Note Purchaser’s “Purchased 

  
 B-1 

 
Percentage”) of (i) the Transferor’s Commitment Amount under the Series 2019-3 Class A-1
Note Purchase Agreement and (ii) the Transferor’s Committed Note Purchaser Percentage of the related Investor Group Principal Amount. The Transferor hereby irrevocably sells, assigns and transfers to each Acquiring Committed Note
Purchaser, without recourse, representation or warranty, and each Acquiring Committed Note Purchaser hereby irrevocably purchases, takes and assumes from the Transferor, such Acquiring Committed Note Purchaser’s Purchased Percentage of
(x) the Transferor’s Commitment Amount under the Series 2019-3 Class A-1 Note Purchase Agreement and (y) the Transferor’s Committed Note
Purchaser Percentage of the related Investor Group Principal Amount. 
 The Transferor has made arrangements with each Acquiring Committed
Note Purchaser with respect to [(i)] the portion, if any, to be paid, and the date or dates for payment, by the Transferor to such Acquiring Committed Note Purchaser of any program fees, undrawn facility fee, structuring and commitment
fees or other fees (collectively, the “Fees”) [heretofore received] by the Transferor pursuant to Section 3.02 of the Series 2019-3 Class A-1 Note Purchase Agreement prior to the Transfer Issuance Date [and (ii) the portion, if any, to be paid, and the date or dates for payment, by such Acquiring Committed Note Purchaser to the
Transferor of Fees or [                ] received by such Acquiring Committed Note Purchaser pursuant to the Series 2019-3
Supplement from and after the Transfer Issuance Date]. 
 From and after the Transfer Issuance Date, amounts that would otherwise be
payable to or for the account of the Transferor pursuant to the Series 2019-3 Supplement or the Series 2019-3 Class A-1 Note
Purchase Agreement shall, instead, be payable to or for the account of the Transferor and the Acquiring Committed Note Purchaser, as the case may be, in accordance with its respective interests as reflected in this Assignment and Assumption
Agreement, whether such amounts have accrued prior to the Transfer Issuance Date or accrue subsequent to the Transfer Issuance Date. 
 Each
of the parties to this Assignment and Assumption Agreement agrees that at any time and from time to time upon the written request of any other party, it will execute and deliver such further documents and do such further acts and things as such
other party may reasonably request in order to effect the purposes of this Assignment and Assumption Agreement. 
 By executing and
delivering this Assignment and Assumption Agreement, the Transferor and each Acquiring Committed Note Purchaser confirm to and agree with each other and the other parties to the Series 2019-3 Class A-1 Note Purchase Agreement as follows: (i) other than the representation and warranty that it is the legal and beneficial owner of the interest being assigned hereby free and clear of any adverse
claim, the Transferor makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with the Series 2019-3 Supplement,
the Series 2019-3 Class A-1 Note Purchase Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Indenture, the
Series 2019-3 Class A-1 Notes, the Transaction Documents or any instrument or document furnished pursuant thereto; (ii) the Transferor makes no representation
or warranty and assumes no responsibility with respect to the financial condition of the Issuer or the performance or observance by the Issuer of any of the Issuer’s obligations under the Indenture, the Series
2019-3 Class A-1 Note Purchase Agreement, the Transaction Documents or any other instrument or document furnished pursuant hereto; (iii) each Acquiring
Committed Note Purchaser confirms that it has received a copy of the Indenture, the Series 2019-3 Class A-1 Note Purchase Agreement and such other Transaction
Documents and other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption Agreement; (iv) each Acquiring Committed Note Purchaser will, independently and
without reliance upon the 

  
 B-2 

 
Administrative Agent, the Transferor, the Funding Agent or any other Investor Group and based on such documents and information as it shall deem appropriate at the time, continue to make its own
credit decisions in taking or not taking action under the Series 2019-3 Class A-1 Note Purchase Agreement; (v) each Acquiring Committed Note Purchaser appoints
and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers under the Series 2019-3 Class A-1 Note Purchase
Agreement as are delegated to the Administrative Agent by the terms thereof, together with such powers as are reasonably incidental thereto, all in accordance with Article V of the Series 2019-3 Class A-1 Note Purchase Agreement; (vi) each Acquiring Committed Note Purchaser appoints and authorizes its related Acquiring Funding Agent to take such action as agent on its behalf and to exercise such
powers under the Series 2019-3 Class A-1 Note Purchase Agreement as are delegated to such Acquiring Funding Agent by the terms thereof, together with such powers as
are reasonably incidental thereto, all in accordance with Article V of the Series 2019-3 Class A-1 Note Purchase Agreement; (vii) each Acquiring
Committed Note Purchaser agrees that it will perform in accordance with their terms all of the obligations that by the terms of the Series 2019-3 Class A-1 Note
Purchase Agreement are required to be performed by it as an Acquiring Committed Note Purchaser; and (viii) each Acquiring Committed Note Purchaser hereby represents and warrants to the Issuer and the Manager that: (A) it has had an
opportunity to discuss the Issuer’s and the Manager’s business, management and financial affairs, and the terms and conditions of the proposed purchase, with the Issuer, and the Manager and their respective representatives; (B) it is
an “accredited investor” within the meaning of Rule 501(a)(1), (2), (3) or (7) of Regulation D under the Securities Act and has sufficient knowledge and experience in financial and business matters to be capable of evaluating the
merits and risks of investing in, and is able and prepared to bear the economic risk of investing in, the Series 2019-3 Class A-1 Notes; (C) it is purchasing
the Series 2019-3 Class A-1 Notes for its own account, or for the account of one or more “accredited investors” within the meaning of Rule 501(a)(1), (2),
(3) or (7) of Regulation D under the Securities Act that meet the criteria described in clause (viii)(B) above and for which it is acting with complete investment discretion, for investment purposes only and not with a view to
distribution, subject, nevertheless, to the understanding that the disposition of its property shall at all times be and remain within its control, and neither it nor its Affiliates has engaged in any general solicitation or general advertising
within the meaning of the Securities Act with respect to the Series 2019-3 Class A-1 Notes; (D) it understands that (I) the Series 2019-3 Class A-1 Notes have not been and will not be registered or qualified under the Securities Act or any applicable state securities laws or the securities laws of
any other jurisdiction and are being offered only in a transaction not involving any public offering within the meaning of the Securities Act and may not be resold or otherwise transferred unless so registered or qualified or unless an exemption
from registration or qualification is available and an opinion of counsel shall have been delivered in advance to the Issuer, (II) the Issuer is not required to register the Series 2019-3 Class A-1 Notes, (III) any permitted transferee hereunder must meet the criteria described under clause (viii)(B) above and (IV) any transfer must comply with the provisions of
Section 2.8 of the Base Indenture, Section 4.3 of the Series 2019-3 Supplement and Section 9.03 or 9.17, as applicable, of
the Series 2019-3 Class A-1 Note Purchase Agreement; (E) it will comply with the requirements of clause (viii)(D) above in connection with any transfer
by it of the Series 2019-3 Class A-1 Notes; (F) it understands that the Series 2019-3
Class A-1 Notes will bear the legend set out in the form of Series 2019-3 Class A-1 Notes attached to the Series 2019-3 Supplement and be subject to the restrictions on transfer described in such legend; (G) it will obtain for the benefit of the Issuer from any purchaser of the Series
2019-3 Class A-1 Notes substantially the same representations and warranties contained in the foregoing paragraphs; and (H) it has executed a Purchaser’s
Letter substantially in the form of Exhibit D to the Series 2019-3 Class A-1 Note Purchase Agreement. 

Schedule I hereto sets forth (i) the Purchased Percentage for each Acquiring Committed Note Purchaser, (ii) the revised
Commitment Amounts of the Transferor and each Acquiring Committed Note Purchaser, and (iii) the revised Maximum Investor Group Principal 

  
 B-3 

 
Amounts for the Investor Groups of the Transferor and each Acquiring Committed Note Purchaser (it being understood that if the Transferor was part of a Conduit Investor’s Investor Group and
the Acquiring Committed Note Purchaser is intended to be part of the same Investor Group, there will not be any change to the Maximum Investor Group Principal Amount for that Investor Group) and (iv) administrative information with respect to
each Acquiring Committed Note Purchaser and its related Acquiring Funding Agent. 
 This Assignment and Assumption Agreement and all matters
arising under or in any manner relating to this Assignment and Assumption Agreement shall be governed by, and construed in accordance with, the laws of the State of New York without giving effect to any choice of law or conflict provision or rule
(whether of the State of New York or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of New York, and the obligations, rights and remedies of the parties hereto shall be determined in
accordance with such law. 
 ALL PARTIES HEREUNDER HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE ANY RIGHTS THEY MAY HAVE TO A TRIAL
BY JURY IN RESPECT OF ANY LITIGATION BASED HEREON OR ON THE SERIES 2019-3 CLASS A-1 NOTE PURCHASE AGREEMENT, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH, THIS
ASSIGNMENT AND ASSUMPTION AGREEMENT OR THE SERIES 2019-3 CLASS A-1 NOTE PURCHASE AGREEMENT, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER ORAL OR
WRITTEN) OR ACTIONS OF THE PARTIES IN CONNECTION HEREWITH OR THEREWITH. ALL PARTIES ACKNOWLEDGE AND AGREE THAT THEY HAVE RECEIVED FULL AND SIGNIFICANT CONSIDERATION FOR THIS PROVISION AND THAT THIS PROVISION IS A MATERIAL INDUCEMENT FOR ALL PARTIES
TO ENTER INTO THIS ASSIGNMENT AND ASSUMPTION AGREEMENT. 

  
 B-4 

 IN WITNESS WHEREOF, the parties hereto have caused this Assignment and Assumption Agreement
to be executed by their respective duly authorized officers as of the date first set forth above. 
  

			
	[                                ], as Transferor
		
	By:	 	 
		 	Name:
		 	Title:
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	
[                          
      ], as Acquiring Committed Note Purchaser

		
	By:	 	 
		 	Name:
		 	Title:

  

			
	 [                ], as Acquiring Funding
Agent

		
	By:	 	 
		 	Name:
		 	Title:

  
 B-5 

 
			
	CONSENTED AND ACKNOWLEDGED BY THE ISSUER:
	
	DRIVEN BRANDS FUNDING, LLC, as Issuer
		
	By:	 	 
		 	Name:
		 	Title:

  
 B-6 

 
			
	CONSENTED BY:
	
	BARCLAYS BANK PLC, as Swingline Lender
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	
	 BARCLAYS BANK PLC, NEW YORK BRANCH, as L/C Provider

		
	By:	 	 
		 	Name:
		 	Title:

  
 B-7 

 SCHEDULE I TO 

ASSIGNMENT AND ASSUMPTION AGREEMENT 

LIST OF ADDRESSES FOR NOTICES 

AND OF COMMITMENT AMOUNTS 
  

			
	 [____________________], as 

Transferor
	  	
		
	 Prior Commitment Amount:
	  	 $[                    ]

		
	Revised Commitment Amount:	  	 $[                    ]

		
	Prior Maximum Investor Group	  	
	Principal Amount:	  	$[                    ] 
		
	Revised Maximum Investor	  	
	Group Principal Amount:	  	$[                    ]
		
	 Related Conduit Investor
 (if
applicable)
	  	  [                    ]
		
	[                               
             ], as	  	

  

			
	 Acquiring Committed Note Purchaser
	  	
		
	 Address:
	  	
		
	 Attention:
	  	
		
	 Telephone:
	  	
		
	 Email:
	  	
		
	 Purchased Percentage of
	  	
	Transferor’s Commitment Amount:	  	  [                    ]%
		
	 Prior Commitment Amount:
	  	 $[                    ]

		
	 Revised Commitment Amount:
	  	 $[                    ]

		
	Prior Maximum Investor Group	  	
	Principal Amount:	  	$[                    ]

  
 B-8 

			
		
	 Revised Maximum Investor
	  	
	Group Principal Amount:	  	$[                    ]
		
	 Related Conduit Investor
	  	
	 (if applicable)
	  	
  [                    ]

		
	
[                         
       ], as
	  	
	 related Acquiring Funding Agent
	  	
		
	 Address:
	  	
		
	 Attention:
	  	
		
	 Telephone:
	  	
		
	 Email:
	  	

  
 B-9 

 EXHIBIT C TO CLASS A-1 

NOTE PURCHASE AGREEMENT 

INVESTOR GROUP SUPPLEMENT, dated as of [        ], among (i)
[        ] (the “Transferor Investor Group”), (ii) [        ] (the “Acquiring Investor Group”), (iii) the Funding Agent
with respect to the Acquiring Investor Group listed on the signature pages hereof (each, an “Acquiring Funding Agent”), and (iv) the Issuer, the Swingline Lender and the L/C Provider listed on the signature pages hereof. 

W I T N E S S E T H: 

WHEREAS, this Investor Group Supplement is being executed and delivered in accordance with Section 9.17(c) of that
certain Series 2019-3 Class A-1 Note Purchase Agreement, dated as of December 11, 2019 (as amended, supplemented, amended and restated or otherwise modified
from time to time, the “Series 2019-3 Class A-1 Note Purchase Agreement”; terms defined therein being used herein as therein defined)
among Driven Brands Funding, LLC, as Issuer, Driven Funding Holdco, LLC, Driven Systems LLC, Driven Product Sourcing LLC, 1-800-Radiator Product Sourcing LLC, 1-800-Radiator Franchisor SPV LLC, Meineke Franchisor SPV LLC, Maaco Franchisor SPV LLC, Econo Lube Franchisor SPV LLC, Drive N Style Franchisor SPV LLC, CARSTAR Franchisor
SPV LLC, Take 5 Franchisor SPV LLC, Take 5 Properties SPV LLC, ABRA Franchisor SPV LLC, and Merlin Franchisor SPV LLC (each, a “Guarantor” and, collectively, the “Guarantors”), Driven Brands, Inc., as the Manager,
the Conduit Investors, the Committed Note Purchasers, for each Investor Group, the Funding Agents, Barclays Bank PLC, New York Branch, as L/C Provider, and Barclays Bank PLC, as Swingline Lender and Administrative Agent; 

WHEREAS, the Acquiring Investor Group wishes to become a Conduit Investor and [a] Committed Note Purchaser[s] with respect to such Conduit
Investor under the Series 2019-3 Class A-1 Note Purchase Agreement; and 

WHEREAS, the Transferor Investor Group is selling and assigning to the Acquiring Investor Group [all] [a portion of] its respective rights,
obligations and commitments under the Series 2019-3 Class A-1 Note Purchase Agreement, the Series 2019-3 Class A-1 Advance Notes and each other Transaction Document to which it is a party with respect to the percentage of its Commitment Amount specified on Schedule I attached hereto; 

NOW, THEREFORE, the parties hereto hereby agree as follows: 

Upon the execution and delivery of this Investor Group Supplement by the Acquiring Investor Group, each related Acquiring Funding Agent with
respect thereto, the Transferor Investor Group, the Swingline Lender, the L/C Provider and, to the extent required by Section 9.17(c) of the Series 2019-3 Class A-1 Note Purchase Agreement, the Issuer (the date of such execution and delivery, the “Transfer Issuance Date”), the Conduit Investor and the Committed Note Purchaser[s] with respect to
the Acquiring Investor Group shall be parties to the Series 2019-3 Class A-1 Note Purchase Agreement for all purposes thereof. 

The Transferor Investor Group acknowledges receipt from the Acquiring Investor Group of an amount equal to the purchase price, as agreed
between the Transferor Investor Group and the Acquiring Investor Group (the “Purchase Price”), of the portion being purchased by the Acquiring Investor Group (the Acquiring Investor Group’s “Purchased
Percentage”) of (i) the aggregate Commitment Amount[s] of the Committed Note Purchaser[s] included in the Transferor Investor Group under the Series 2019-3
Class A-1 Note Purchase Agreement and (ii) the aggregate 

  
 C-1 

 
related Committed Note Purchaser Percentage[s] of the related Investor Group Principal Amount. The Transferor Investor Group hereby irrevocably sells, assigns and transfers to the Acquiring
Investor Group, without recourse, representation or warranty, and the Acquiring Investor Group hereby irrevocably purchases, takes and assumes from the Transferor Investor Group, such Acquiring Investor Group’s Purchased Percentage of
(x) the aggregate Commitment Amount[s] of the Committed Note Purchaser[s] included in the Transferor Investor Group under the Series 2019-3 Class A-1 Note
Purchase Agreement and (y) the aggregate related Committed Note Purchaser Percentage[s] of the related Investor Group Principal Amount. 

The Transferor Investor Group has made arrangements with the Acquiring Investor Group with respect to (i) the portion, if any, to be
paid, and the date or dates for payment, by the Transferor Investor Group to such Acquiring Investor Group of any program fees, undrawn facility fee, structuring and commitment fees or other fees (collectively, the “Fees”)
[heretofore received] by the Transferor Investor Group pursuant to Section 3.02 of the Series 2019-3 Class A-1 Note Purchase Agreement
prior to the Transfer Issuance Date [and (ii) the portion, if any, to be paid, and the date or dates for payment, by such Acquiring Investor Group to the Transferor Investor Group of Fees or [    ] received by such Acquiring
Investor Group pursuant to the Series 2019-3 Supplement from and after the Transfer Issuance Date]. 

From and after the Transfer Issuance Date, amounts that would otherwise be payable to or for the account of the Transferor Investor Group
pursuant to the Series 2019-3 Supplement or the Series 2019-3 Class A-1 Note Purchase Agreement shall, instead, be payable
to or for the account of the Transferor Investor Group and the Acquiring Investor Group, as the case may be, in accordance with their respective interests as reflected in this Investor Group Supplement, whether such amounts have accrued prior to the
Transfer Issuance Date or accrue subsequent to the Transfer Issuance Date. 
 Each of the parties to this Investor Group Supplement agrees
that at any time and from time to time upon the written request of any other party, it will execute and deliver such further documents and do such further acts and things as such other party may reasonably request in order to effect the purposes of
this Investor Group Supplement. 
 The Acquiring Investor Group has executed and delivered to the Administrative Agent a Purchaser’s
Letter substantially in the form of Exhibit D to the Series 2019-3 Class A-1 Note Purchase Agreement. 

By executing and delivering this Investor Group Supplement, the Transferor Investor Group and the Acquiring Investor Group confirm to and
agree with each other and the other parties to the Series 2019-3 Class A-1 Note Purchase Agreement as follows: (i) other than the representation and warranty
that it is the legal and beneficial owner of the interest being assigned hereby free and clear of any adverse claim, the Transferor Investor Group makes no representation or warranty and assumes no responsibility with respect to any statements,
warranties or representations made in or in connection with the Series 2019-3 Supplement, the Series 2019-3 Class A-1 Note
Purchase Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Indenture, the Series 2019-3 Class A-1 Notes, the
Transaction Documents or any instrument or document furnished pursuant thereto; (ii) the Transferor Investor Group makes no representation or warranty and assumes no responsibility with respect to the financial condition of the Issuer or the
performance or observance by the Issuer of any of the Issuer’s obligations under the Indenture, the Series 2019-3 Class A-1 Note Purchase Agreement, the
Transaction Documents or any other instrument or document furnished pursuant hereto; (iii) the Acquiring Investor Group confirms that it has received a copy of the Indenture, the Series 2019-3 Class A-1 Note Purchase Agreement and 

  
 C-2 

 
such other Transaction Documents and other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Investor Group Supplement;
(iv) the Acquiring Investor Group will, independently and without reliance upon the Administrative Agent, the Transferor Investor Group, the Funding Agents or any other Person and based on such documents and information as it shall deem
appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Series 2019-3 Class A-1 Note Purchase Agreement;
(v) the Acquiring Investor Group appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers under the Series 2019-3 Class A-1 Note Purchase Agreement as are delegated to the Administrative Agent by the terms thereof, together with such powers as are reasonably incidental thereto, all in accordance with Article V of
the Series 2019-3 Class A-1 Note Purchase Agreement; (vi) each member of the Acquiring Investor Group appoints and authorizes its related Acquiring Funding
Agent, listed on Schedule I hereto, to take such action as agent on its behalf and to exercise such powers under the Series 2019-3 Class A-1 Note Purchase
Agreement as are delegated to such Acquiring Funding Agent by the terms thereof, together with such powers as are reasonably incidental thereto, all in accordance with Article V of the Series 2019-3 Class A-1 Note Purchase Agreement; (vii) each member of the Acquiring Investor Group agrees that it will perform in accordance with their terms all of the obligations that by the terms of the Series 2019-3 Class A-1 Note Purchase Agreement are required to be performed by it as a member of the Acquiring Investor Group; and (viii) each member of the Acquiring
Investor Group hereby represents and warrants to the Issuer and the Manager that: (A) it has had an opportunity to discuss the Issuer’s and the Manager’s business, management and financial affairs, and the terms and conditions of the
proposed purchase, with the Issuer and the Manager and their respective representatives; (B) it is an “accredited investor” within the meaning of Rule 501(a)(1), (2), (3) or (7) of Regulation D under the Securities Act and has
sufficient knowledge and experience in financial and business matters to be capable of evaluating the merits and risks of investing in, and is able and prepared to bear the economic risk of investing in, the Series
2019-3 Class A-1 Notes; (C) it is purchasing the Series 2019-3 Class A-1
Notes for its own account, or for the account of one or more “accredited investors” within the meaning of Rule 501(a)(1), (2), (3) or (7) of Regulation D under the Securities Act that meet the criteria described in clause
(viii)(B) above and for which it is acting with complete investment discretion, for investment purposes only and not with a view to distribution, subject, nevertheless, to the understanding that the disposition of its property shall at all times
be and remain within its control, and neither it nor its Affiliates has engaged in any general solicitation or general advertising within the meaning of the Securities Act with respect to the Series 2019-3 Class A-1 Notes; (D) it understands that (I) the Series 2019-3 Class A-1 Notes have not been and will not be
registered or qualified under the Securities Act or any applicable state securities laws or the securities laws of any other jurisdiction and are being offered only in a transaction not involving any public offering within the meaning of the
Securities Act and may not be resold or otherwise transferred unless so registered or qualified or unless an exemption from registration or qualification is available and an opinion of counsel shall have been delivered in advance to the Issuer,
(II) the Issuer is not required to register the Series 2019-3 Class A-1 Notes, (III) any permitted transferee hereunder must meet the criteria described
under clause (viii)(B) above and (IV) any transfer must comply with the provisions of Section 2.8 of the Base Indenture, Section 4.3 of the Series
2019-3 Supplement and Section 9.03 or 9.17, as applicable, of the Series 2019-3 Class A-1
Note Purchase Agreement; (E) it will comply with the requirements of clause (viii)(D) above in connection with any transfer by it of the Series 2019-3
Class A-1 Notes; (F) it understands that the Series 2019-3 Class A-1 Notes will bear the legend set out in the
form of Series 2019-3 Class A-1 Notes attached to the Series 2019-3 Supplement and be subject to the restrictions on
transfer described in such legend; (G) it will obtain for the benefit of the Issuer from any purchaser of the Series 2019-3 Class A-1 Notes substantially the
same representations and warranties contained in the foregoing paragraphs; and (H) it has executed a Purchaser’s Letter substantially in the form of Exhibit D to the Series 2019-3 Class A-1 Note Purchase Agreement. 

  
 C-3 

 Schedule I hereto sets forth (i) the Purchased Percentage for the Acquiring
Investor Group, (ii) the revised Commitment Amounts of the Transferor Investor Group and the Acquiring Investor Group, and (iii) the revised Maximum Investor Group Principal Amounts for the Transferor Investor Group and the Acquiring
Investor Group and (iv) administrative information with respect to the Acquiring Investor Group and its related Acquiring Funding Agent. 

This Investor Group Supplement and all matters arising under or in any manner relating to this Investor Group Supplement shall be governed by,
and construed in accordance with, the laws of the State of New York without giving effect to any choice of law or conflict provision or rule (whether of the State of New York or any other jurisdiction) that would cause the application of the laws of
any jurisdiction other than the State of New York, and the obligations, rights and remedies of the parties hereto shall be determined in accordance with such law. 

ALL PARTIES HEREUNDER HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE ANY RIGHTS THEY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY
LITIGATION BASED HEREON OR ON THE SERIES 2019-3 CLASS A-1 NOTE PURCHASE AGREEMENT, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH, THIS INVESTOR GROUP SUPPLEMENT OR THE
SERIES 2019-3 CLASS A-1 NOTE PURCHASE AGREEMENT, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER ORAL OR WRITTEN) OR ACTIONS OF THE PARTIES IN
CONNECTION HEREWITH OR THEREWITH. ALL PARTIES ACKNOWLEDGE AND AGREE THAT THEY HAVE RECEIVED FULL AND SIGNIFICANT CONSIDERATION FOR THIS PROVISION AND THAT THIS PROVISION IS A MATERIAL INDUCEMENT FOR ALL PARTIES TO ENTER INTO THIS INVESTOR GROUP
SUPPLEMENT. 
 IN WITNESS WHEREOF, the parties hereto have caused this Investor Group Supplement to be executed by their respective duly
authorized officers as of the date first set forth above. 
  

			
	[                    ], as Transferor Investor Group
		
	By:	 	            
		 	Name:
		 	Title

  

			
	[                    ], as Acquiring Investor Group
		
	By:	 	            
		 	Name:
		 	Title:

  

			
	[                    ], as Acquiring Funding Agent
		
	By:	 	            
		 	Name:
		 	Title

  
 C-4 

  
 C-5 

 
			
	 CONSENTED AND ACKNOWLEDGED
 BY THE
ISSUER:

	
	DRIVEN BRANDS FUNDING, LLC, as Issuer
		
	By:	 	        
		 	Name:
		 	Title:

  
 C-6 

 
			
	 CONSENTED BY:

	
	 BARCLAYS BANK PLC, as Swingline Lender

		
	By:	 	        
		 	Name:
		 	Title:

  

			
	
	 BARCLAYS BANK PLC, NEW YORK BRANCH, as L/C Provider

		
	By:	 	        
		 	Name:
		 	Title:

  
 C-7 

 SCHEDULE I TO 

INVESTOR GROUP SUPPLEMENT 

LIST OF ADDRESSES FOR NOTICES 

AND OF COMMITMENT AMOUNTS 
  

			
	 [____________________], as

Transferor Investor Group 
	  	
		
	 Prior Commitment Amount:
	  	 $[                    ]

		
	Revised Commitment Amount:	  	 $[                    ]

		
	Prior Maximum Investor Group	  	
	Principal Amount:	  	$[                    ] 
		
	Revised Maximum Investor	  	
	Group Principal Amount:	  	$[                    ]

  

			
	 [____________________], as

Acquiring Investor Group
	  	
		
	 Address:
	  	
		
	 Attention:
	  	
		
	 Telephone:
	  	
		
	 Email:
	  	

  

			
	 Purchased Percentage of
	  	
	 Transferor Investor Group’s Commitment Amount:
	  	
  [                    ]%

		
	 Prior Commitment Amount:
	  	$[                    ]
		
	Revised Commitment Amount:	  	$[                    ] 
		
	Prior Maximum Investor Group	  	
	Principal Amount:	  	$[                    ]
		
	 Revised Maximum Investor
	  	
	Group Principal Amount:	  	$[                    ]

  
 C-8 

			
	 [____________________], as
 related
Acquiring Funding Agent
	  	
		
	 Address:
	  	
		
	 Attention:
	  	
		
	 Telephone:
	  	
		
	 Email:
	  	

  
 C-9 

 EXHIBIT D TO CLASS A-1 

NOTE PURCHASE AGREEMENT 

[FORM OF PURCHASER’S LETTER] 

[INVESTOR] 
 [INVESTOR ADDRESS] 

Attention: [INVESTOR
CONTACT]                                     [Date] 

Ladies and Gentlemen: 
 Reference is hereby made
to the Class A-1 Note Purchase Agreement dated December 11, 2019 (the “NPA”) relating to the purchase and sale (the “Transaction”) of up to $115,000,000 of Series 2019-3 Variable Funding Senior Secured Notes, Class A-1 (the “VFN Notes”) of Driven Brands Funding, LLC (the “Issuer”). The Transaction
will not be required to be registered with the Securities and Exchange Commission pursuant to the Securities Act of 1933, as amended (the “Act”) under an exemption from registration granted in Section 4(a)(2) of the Act and
Regulation D promulgated under the Act. Barclays Bank PLC is acting as administrative agent (the “Administrative Agent”) in connection with the Transaction. Unless otherwise defined herein, capitalized terms have the definitions
ascribed to them in the NPA. Please confirm with us your acknowledgement and agreement with the following: 
  

	 	(a)	 You are an “accredited investor” within the meaning of Rule 501(a)(1), (2), (3) or (7) of
Regulation D under the Securities Act (an “Accredited Investor”) and have sufficient knowledge and experience in financial and business matters to be capable of evaluating the merits and risks of purchasing, and
are able and prepared to bear the economic risk of purchasing, the VFN Notes. 

  

	 	(b)	 Neither the Administrative Agent nor its Affiliates (i) has provided you with any information with respect
to the Issuer, the VFN Notes or the Transaction other than the information contained in the NPA, which was prepared by the Issuer, or (ii) makes any representation as to the credit quality of the Issuer or the merits of a purchase of the VFN
Notes. The Administrative Agent has not provided you with any legal, business, tax or other advice in connection with the Transaction or your possible purchase of the VFN Notes. 

 

	 	(c)	 You acknowledge that you have completed your own diligence investigation of the Issuer and the VFN Notes and
have had sufficient access to the agreements, documents, records, officers and directors of the Issuer to make your investment decision related to the VFN Notes. You further acknowledge that you have had an opportunity to discuss the Issuer’s
and the Manager’s business, management and financial affairs, and the terms and conditions of the proposed purchase, with the Issuer and the Manager and their respective representatives. 

 

	 	(d)	 The Administrative Agent may currently or in the future own securities issued by, or have business
relationships (including, among others, lending, depository, risk management, advisory and banking relationships) with, the Issuer and its affiliates, and the Administrative Agent will manage such security positions and business relationships as it
determines to be in its best interests, without regard to the interests of the holders of the VFN Notes. 

  
 D-1 

	 	(e)	 You are purchasing the VFN Notes for your own account, or for the account of one or more Persons who are
Accredited Investors and who meet the criteria described in paragraph (a) above and for whom you are acting with complete investment discretion, for investment purposes only and not with a view to a distribution (but without prejudice to your
right at all times to sell or otherwise dispose of the VFN Notes in accordance with clause (f) below), subject, nevertheless, to the understanding that the disposition of your property shall at all times be and remain within your control, and
neither you nor your Affiliates has engaged in any general solicitation or general advertising within the meaning of the Act, or the rules and regulations promulgated thereunder with respect to the VFN Notes. You confirm that, to the extent you are
purchasing the VFN Notes for the account of one or more other Persons, (i) you have been duly authorized to make the representations, warranties, acknowledgements and agreements set forth herein on their behalf and (ii) the provisions of
this letter constitute legal, valid and binding obligations of you and any other Person for whose account you are acting; 

  

	 	(f)	 You understand that (i) the VFN Notes have not been and will not be registered or qualified under the Act
or any applicable state securities laws or the securities laws of any other jurisdiction and are being offered only in a transaction not involving any public offering within the meaning of the Act and may not be resold or otherwise transferred
unless so registered or qualified or unless an exemption from registration or qualification is available and an opinion of counsel shall have been delivered in advance to the Issuer, (ii) the Issuer is not required to register the VFN Notes,
(iii) any permitted transferee under the NPA must be an Accredited Investor and (iv) any transfer must comply with the provisions of Section 2.8 of the Base Indenture, Section 4.3 of the Series
2019-3 Supplement and Section 9.03 or 9.17 of the NPA, as applicable; 

  

	 	(g)	 You will comply with the requirements of paragraph (f) above in connection with any transfer by you of the
VFN Notes; 

  

	 	(h)	 You understand that the VFN Notes will bear the legend set out in the form of VFN Notes attached to the Series 2019-3 Supplement and be subject to the restrictions on transfer described in such legend; 

  

	 	(i)	 Either (i) you are not acquiring or holding the VFN Notes for or on behalf of, or with the assets of, any
plan, account or other arrangement that is subject to Section 406 of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), Section 4975 of the Internal Revenue Code of 1986, as amended (the “Code”),
or provisions under any Similar Law (as defined in the Series 2019-3 Supplemental Definitions List attached to the Series 2019-3 Supplement as Annex A) or (ii) your
purchase and holding of the VFN Notes will not constitute or result in a non-exempt prohibited transaction under Section 406 of ERISA or Section 4975 of the Code or a violation of any applicable
Similar Law; and 

  

	 	(j)	 You will obtain for the benefit of the Issuer from any purchaser of the VFN Notes substantially the same
representations and warranties contained in the foregoing paragraphs. 

 This letter agreement will be governed by and construed in
accordance with the laws of the State of 

  
 D-2 

 
New York without giving effect to any choice of law or conflict provision or rule (whether of the State of New York or any other jurisdiction) that would cause the application of the laws of any
jurisdiction other than the State of New York. 

  
 D-3 

 You understand that the Administrative Agent will rely upon this letter agreement in acting
as an Administrative Agent in connection with the Transaction. You agree to notify the Administrative Agent promptly in writing if any of your representations, acknowledgements or agreements herein cease to be accurate and complete. You irrevocably
authorize the Administrative Agent to produce this letter to any interested party in any administrative or legal proceeding or official inquiry with respect to the matters set forth herein. 

 

			
	 BARCLAYS BANK PLC,
 as
Administrative Agent

		
	By:	 	            
		 	Name:
		 	Title:

  

			
	 Agreed and Acknowledged:

	
	[INVESTOR]
		
	By:	 	            
		 	Name:
		 	Title:

  
 D-4EX-10.2

 Exhibit 10.2 

Execution Version 
 JOINDER
AND AMENDMENT NO. 1 TO CLASS A-1 NOTE PURCHASE AGREEMENT 
 AND JOINDER TO CLASS A-1 NOTES FEE LETTER 
 This JOINDER AND AMENDMENT NO. 1 TO CLASS
A-1 NOTE PURCHASE AGREEMENT AND JOINDER TO CLASS A-1 NOTES FEE LETTER, dated as of July 6, 2020 (this “Amendment”), by and among the
signatories hereto, amends the Class A-1 Note Purchase Agreement, dated as of December 11, 2019 (as amended by this Amendment, and as the same may be further amended or otherwise modified from time
to time in accordance with the terms thereof, the “Class A-1 Note Purchase Agreement”), entered into by and among (a) DRIVEN BRANDS FUNDING, LLC, a
Delaware limited liability company (the “Issuer”), (b) DRIVEN FUNDING HOLDCO, LLC, a Delaware limited liability company, DRIVEN SYSTEMS LLC, a Delaware limited liability company, DRIVEN PRODUCT SOURCING LLC, a Delaware
limited liability company, 1-800-RADIATOR PRODUCT SOURCING LLC, a Delaware limited liability company,
1-800-RADIATOR FRANCHISOR SPV LLC, a Delaware limited liability company, MEINEKE FRANCHISOR SPV LLC, a Delaware limited liability company, MAACO FRANCHISOR SPV LLC, a
Delaware limited liability company, ECONO LUBE FRANCHISOR SPV LLC, a Delaware limited liability company, DRIVE N STYLE FRANCHISOR SPV LLC, a Delaware limited liability company, MERLIN FRANCHISOR SPV LLC, a Delaware limited liability company, CARSTAR
FRANCHISOR SPV LLC, a Delaware limited liability company, TAKE 5 FRANCHISOR SPV LLC, a Delaware limited liability company, TAKE 5 PROPERTIES SPV LLC, a Delaware limited liability company, and ABRA FRANCHISOR SPV LLC, a Delaware limited liability
company (each, a “Guarantor” and, collectively, the “Guarantors”), (c) DRIVEN BRANDS, INC., a Delaware corporation, as the manager (the “U.S. Manager”), (d) the several
commercial paper conduits listed on Schedule I to the Class A-1 Note Purchase Agreement as Conduit Investors and their respective permitted successors and assigns (each, a “Conduit
Investor” and, collectively, the “Conduit Investors”), (e) the several financial institutions listed on Schedule I to the Class A-1 Note Purchase Agreement as
Committed Note Purchasers and their respective permitted successors and assigns (each, a “Committed Note Purchaser” and, collectively, the “Committed Note Purchasers”), (f) for each Investor Group, the
financial institution entitled to act on behalf of the Investor Group set forth opposite the name of such Investor Group on Schedule I as Funding Agent and its permitted successors and assigns (each, the “Funding Agent” with
respect to such Investor Group and, collectively, the “Funding Agents”), (g) BARCLAYS BANK PLC, NEW YORK BRANCH, as L/C Provider, (h) BARCLAYS BANK PLC, as Swingline Lender, and (i) BARCLAYS BANK PLC, as
administrative agent for the Conduit Investors, the Committed Note Purchasers, the Funding Agents, the L/C Provider and the Swingline Lender (together with its permitted successors and assigns in such capacity, the “Administrative
Agent” or the “Series 2019-3 Class A-1 Administrative Agent”), 

R E C I T A L S: 
 WHEREAS, the
Issuer desires to amend the Class A-1 Note Purchase Agreement in the manner set forth herein; 

WHEREAS, the Issuer has requested that (a) DRIVEN BRANDS CANADA FUNDING CORPORATION, a Canadian corporation (the “Joining Co-Issuer”), be joined to the Class A-1 Note Purchase Agreement as a Co-Issuer, (b) each of FUSA PROPERTIES SPV
LLC, a Delaware limited liability company (“FUSA Properties”), FUSA FRANCHISOR SPV LLC, a Delaware limited liability company (“FUSA Franchisor”), DRIVEN CANADA FUNDING HOLDCO CORPORATION, a Canadian
corporation (“Canadian Holdings”), CARSTAR CANADA SPV GP CORPORATION, a Canadian corporation (“Canadian CARSTAR GP”), CARSTAR CANADA SPV LP, an Ontario limited partnership (“Canadian
CARSTAR”), MAACO CANADA SPV GP CORPORATION, a Canadian corporation (“Canadian Maaco Franchisor GP”), MAACO CANADA SPV LP, an Ontario limited partnership (“Canadian Maaco Franchisor”),
MEINEKE CANADA SPV GP CORPORATION, a Canadian corporation (“Canadian Meineke Franchisor GP”), MEINEKE CANADA SPV LP, an Ontario limited partnership (“Canadian Meineke Franchisor”), TAKE 5 CANADA SPV GP
CORPORATION, a Canadian corporation (“Canadian Take 5 GP”), TAKE 5 CANADA SPV LP, an Ontario limited 

 
partnership (“Canadian Take 5”), GO GLASS FRANCHISOR SPV GP CORPORATION, a Canadian corporation (“Go Glass Franchisor GP”), GO GLASS FRANCHISOR SPV
LP, an Ontario limited partnership (“Go Glass Franchisor”), STAR AUTO GLASS FRANCHISOR SPV GP CORPORATION, a Canadian corporation (“Star Auto Glass Franchisor GP”), STAR AUTO GLASS FRANCHISOR SPV LP,
an Ontario limited partnership (“Star Auto Glass Franchisor”), DRIVEN CANADA PRODUCT SOURCING GP CORPORATION, a Canadian corporation (“Driven Canada Product Sourcing GP”), DRIVEN CANADA PRODUCT
SOURCING LP, an Ontario limited partnership (“Driven Canada Product Sourcing”), and DRIVEN CANADA CLAIMS MANAGEMENT GP CORPORATION, a Canadian corporation (“Driven Canada Claims Management GP”), DRIVEN
CANADA CLAIMS MANAGEMENT LP, an Ontario limited partnership (“Driven Canada Claims Management” and, together with FUSA Properties, FUSA Franchisor, Canadian Holdings, Canadian CARSTAR GP, Canadian CARSTAR, Canadian Maaco
Franchisor GP, Canadian Maaco Franchisor, Canadian Meineke Franchisor GP, Canadian Meineke Franchisor, Canadian Take 5 GP, Canadian Take 5, Go Glass Franchisor GP, Go Glass Franchisor, Star Auto Glass Franchisor GP, Star Auto Glass Franchisor,
Driven Canada Product Sourcing GP, Driven Canada Product Sourcing and Driven Canada Claims Management GP, the “Joining Guarantors”, and each individually, a “Joining Guarantor”), be joined to the Class A-1 Note Purchase Agreement as a Guarantor and (c) Driven Brands Canada Shared Services Inc., a Canadian corporation (the “Joining Manager”), be joined to the Class A-1 Note Purchase Agreement as a Manager; 
 WHEREAS, Section 9.01 of
the Class A-1 Note Purchase Agreement permits the Co-Issuers to amend the Class A-1 Note Purchase Agreement subject to
(a) the written consent of Investor Groups holding more than (i) if no single Investor Group holds more than 50% of the Commitments, 50% of the Commitments or (ii) if a single Investor Group holds more than 50% of the Commitments, two-thirds of the Commitments and (b) the written consent of any of the Swingline Lender, the L/C Provider, the Administrative Agent or the Funding Agents if the amendment affects the rights or obligations of
such party; 
 WHEREAS, Section 13.1 of the Base Indenture permits certain amendments to the Class A-1 Note Purchase Agreement, including such amendments and modifications set forth in this Amendment; 

WHEREAS, the written consent of Investor Groups holding at least two-thirds of the Commitments are set
forth on the signature pages hereof; and 
 WHEREAS, the written consent of the Administrative Agents, the Swingline Lender and the L/C
Provider is set forth on the signature pages hereof. 
 NOW, THEREFORE, in consideration of the provisions, covenants and the mutual
agreements herein contained, the parties hereto agree as follows: 
 ARTICLE I 

DEFINITIONS 
 Unless otherwise
defined herein, capitalized terms used herein (including in the preamble and the recitals hereto) shall have the meanings assigned to such terms or incorporated by reference in the Class A-1 Note Purchase
Agreement. 

  
 2 

 ARTICLE II 

JOINDER TO CLASS A-1 NOTE PURCHASE AGREEMENT 

Section 2.01. By its execution of this Amendment, Joining Co-Issuer hereby
(i) agrees that from and after the date of this Amendment it shall be a Co-Issuer under the Class A-1 Note Purchase Agreement as if it were an original
signatory thereto and shall be bound by all of the terms, conditions, covenants, agreements and obligations of a Co-Issuer set forth therein, (ii) accepts joint and several liability as a Co-Issuer for the obligations under the Class A-1 Note Purchase Agreement, and (iii) confirms that the representations and warranties contained in Article VI of the Class A-1 Note Purchase Agreement are true and correct in all material respects (except that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified
or modified by materiality in the text thereof) as they relate to Joining Co-Issuer as of the date of this Amendment. Joining Co-Issuer hereby agrees that each reference
to a “Co-Issuer” or the “Co-Issuers” in the Class A-1 Note Purchase Agreement shall include Joining Co-Issuer. Joining Co-Issuer acknowledges that it has received a copy of the Class A-1 Note Purchase Agreement and the other
Transaction Documents and that it has read and understands the terms thereof. 
 Section 2.02. By its execution of
this Amendment, each Joining Guarantor hereby (i) agrees that from and after the date of this Amendment it shall be a Guarantor under the Class A-1 Note Purchase Agreement as if it were an original
signatory thereto and shall be bound by all of the terms, conditions, covenants, agreements and obligations of a Guarantor set forth therein, (ii) accepts joint and several liability as a Guarantor for the obligations under the Class A-1 Note Purchase Agreement, and (iii) confirms that the representations and warranties contained in Article VI of the Class A-1 Note Purchase Agreement
are true and correct in all material respects (except that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof) as they relate to such
Joining Guarantor as of the date of this Amendment. Each Joining Guarantor hereby agrees that each reference to a “Guarantor” or the “Guarantors” in the Class A-1 Note Purchase
Agreement shall include such Joining Guarantor. Each Joining Guarantor acknowledges that it has received a copy of the Class A-1 Note Purchase Agreement and the other Transaction Documents and that it has
read and understands the terms thereof. 
 Section 2.03. By its execution of this Amendment, the Joining Manager
hereby (i) agrees that from and after the date of this Amendment it shall be a Manager under the Class A-1 Note Purchase Agreement as if it were an original signatory thereto and shall be bound by
all of the terms, conditions, covenants, agreements and obligations of a Manager set forth therein and (ii) confirms that the representations and warranties contained in Article VI of the Class A-1
Note Purchase Agreement are true and correct in all material respects (except that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof) as
they relate to Joining Manager as of the date of this Amendment. The Joining Manager hereby agrees that each reference to a “Manager” or the “Managers” in the Class A-1 Note Purchase
Agreement shall include the Joining Manager. The Joining Manager acknowledges that it has received a copy of the Class A-1 Note Purchase Agreement and the other Transaction Documents and that it has read
and understands the terms thereof. 
 ARTICLE III 

JOINDER OF CANADIAN SECURITIZATION ENTITIES TO CLASS A-1 NOTES FEE LETTER 

Section 2.01. By its execution of this Amendment, Joining Co-Issuer hereby
(i) agrees that from and after the date of this Amendment it shall be a Co-Issuer under the Series 2019-3 Class A-1
Notes Fee Letter as if it were an original signatory thereto and shall be bound by all of the terms, conditions, covenants, agreements and obligations of the Issuer set forth therein and (ii) accepts joint and several liability as a Co-Issuer for the obligations under the Series 2019-3 Class A-1 Notes Fee Letter. Joining
Co-Issuer hereby agrees that each reference to “Issuer” or the “Issuer” in the Series 2019-3 Class A-1
Notes Fee Letter shall include Joining Co-Issuer. 

  
 3 

 Section 2.02. By its execution of this Amendment, each Joining
Guarantor hereby agrees that from and after the date of this Amendment it is a party to the Series 2019-3 Class A-1 Notes Fee Letter as a Guarantor as if it were an
original signatory thereto. 
 Section 2.03. By its execution of this Amendment, Joining Manager hereby agrees
that from and after the date of this Amendment it is a party to the Series 2019-3 Class A-1 Notes Fee Letter as a Manager as if it were an original signatory
thereto. 
 ARTICLE IV 

AMENDMENTS 

Section 3.01. The Class A-1 Note Purchase Agreement, including all
annexes, schedules and exhibits attached thereto, is hereby amended as reflected in the marked copy of the Class A-1 Note Purchase Agreement attached as Exhibit A to this Amendment. 

ARTICLE V 
 REPRESENTATIONS AND
WARRANTIES 
 Section 5.01 Each Co-Issuer, including the Joining Co-Issuer, each Guarantor, including the Joining Guarantors, and each Manager, including the Joining Manger, represents and warrants to the other parties hereto that this Amendment has been duly and validly executed
and delivered by such party and constitutes its legal, valid and binding obligation, enforceable against such party in accordance with its terms. 

ARTICLE VI 
 CONDITIONS PRECEDENT

 Section 6.01. This Amendment shall not become effective until the date (the “First Amendment
Effective Date”) on which: 
  

	 	(a)	 the Committed Note Purchasers shall have received a copy of (i) this Amendment duly executed by the Co-Issuers, the Joining Guarantors, the Joining Manager, the Administrative Agent and each other Committed Note Purchaser and (ii) customary opinions of counsel as the Committed Note Purchasers deem reasonably
necessary; 

  

	 	(b)	 there has not been any development in the general affairs, business, properties, capitalization, condition
(financial or otherwise) or results of operation of any of the Co-Issuers, the Guarantors or the Managers, as applicable, that could reasonably be expected to result in a Material Adverse Effect;

  

	 	(c)	 the Committed Note Purchasers shall have received all fees and other amounts due and payable on or prior to the
First Amendment Effective Date, including reimbursement or payment of all out-of-pocket expenses (including reasonable fees, charges and disbursements of counsel)
required to be reimbursed or paid by the Co-Issuers; and 

  

	 	(d)	 the representations, warranties and agreements of the Co-Issuers, the
Guarantors and the Managers, as applicable, in Article V hereof and in Section 6.01 of the Class A-1 Note Purchase Agreement are true and correct (A) if qualified as to materiality, in
all respects, and (B) if not so qualified, in all material respects, on and as of the First Amendment Effective Date (unless stated to relate solely to an earlier date, in which case such representations and warranties shall be true and correct
(x) if qualified as to materiality, in all respects, and (y) if not so qualified, in all material respects, as of such earlier date), and each Co-Issuer, each Guarantor and each Manager as
applicable, has complied in all material respects with all its agreements contained herein and in any other Indenture Document to which it is a party and satisfied all the conditions on its part to be performed or satisfied hereunder or thereunder
at or prior to the First Amendment Effective Date. 

  
 4 

 ARTICLE VII 

GENERAL 

Section 7.01. Effective as of the date hereof, (i) the Class A-1
Note Purchase Agreement shall be amended in the manner set forth herein, (ii) this Amendment shall be a “Transaction Document” for the purposes of Article IX of the Class A-1 Note Purchase
Agreement, (iii) this Amendment shall form part of the Class A-1 Note Purchase Agreement for all purposes and (iv) the parties to the Class A-1 Note
Purchase Agreement shall be bound by the Class A-1 Note Purchase Agreement as so amended. Except as expressly set forth or contemplated in this Amendment, the terms and conditions of the Class A-1 Note Purchase Agreement shall remain in place and shall not be altered, amended or changed in any manner whatsoever, except by any further amendment to the
Class A-1 Note Purchase Agreement made in accordance with the terms of the Class A-1 Note Purchase Agreement, as amended by this Amendment. 

Section 7.02. This Amendment shall be binding upon, and inure to the benefit of, the Issuer, the Joining Co-Issuer, the Joining Guarantors, the Joining Manager, the Lender Parties, the Funding Agents, the Administrative Agent and their respective successors and assigns; provided, however, that none of the Co-Issuers, the Joining Guarantors or the Joining Manager may assign its rights or obligations hereunder or in connection herewith or any interest herein (voluntarily, by operation of law or otherwise) without the
prior written consent of each Lender Party (other than any Defaulting Investor). Nothing expressed herein is intended or shall be construed to give any Person other than the Persons referred to in the preceding sentence any legal or equitable right,
remedy or claim under or in respect of this Amendment except to the Trustee, on behalf of the Secured Parties, and the Control Party. 

Section 7.03. This Amendment may not be amended or modified except in writing in accordance with the terms of the Class A-1 Note Purchase Agreement. 
 Section 7.04. THIS AMENDMENT AND ALL
MATTERS ARISING UNDER OR IN ANY MANNER RELATING TO THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO ANY CHOICE OF LAW OR CONFLICT PROVISION OR RULE (WHETHER OF THE
STATE OF NEW YORK OR ANY OTHER JURISDICTION) THAT WOULD CAUSE THE APPLICATION OF THE LAWS OF ANY JURISDICTION OTHER THAN THE STATE OF NEW YORK, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HERETO SHALL BE DETERMINED IN ACCORDANCE WITH
SUCH LAW. IN THE EVENT OF ANY CONFLICTS BETWEEN THIS AMENDMENT AND THE INDENTURE, THE INDENTURE SHALL GOVERN. 

Section 7.05. ALL JUDICIAL PROCEEDINGS BROUGHT AGAINST ANY OF THE PARTIES HEREUNDER WITH RESPECT TO THIS AMENDMENT
MAY BE BROUGHT IN ANY STATE OR (TO THE EXTENT PERMITTED BY LAW) FEDERAL COURT OF COMPETENT JURISDICTION SITTING IN THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK AND BY EXECUTION AND DELIVERY OF THIS AMENDMENT, EACH PARTY HEREUNDER ACCEPTS FOR
ITSELF AND IN CONNECTION WITH ITS PROPERTIES, GENERALLY AND UNCONDITIONALLY, THE NONEXCLUSIVE JURISDICTION OF THE AFORESAID COURTS, AND IRREVOCABLY AGREES TO BE BOUND BY ANY JUDGMENT RENDERED THEREBY IN CONNECTION WITH THIS AMENDMENT. 

Section 7.06. ALL PARTIES HEREUNDER HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE ANY RIGHTS THEY MAY HAVE
TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION 

  
 5 

 
WITH, THIS AMENDMENT, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER ORAL OR WRITTEN) OR ACTIONS OF THE PARTIES IN CONNECTION HEREWITH OR THEREWITH. ALL PARTIES ACKNOWLEDGE AND
AGREE THAT THEY HAVE RECEIVED FULL AND SIGNIFICANT CONSIDERATION FOR THIS PROVISION AND THAT THIS PROVISION IS A MATERIAL INDUCEMENT FOR ALL PARTIES TO ENTER INTO THIS AMENDMENT. 

Section 7.07. This Amendment may be executed in any number of counterparts (which may include electronic
transmission of counterparts) and by the different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original, and all of which together shall constitute one and the same instrument. 

[Remainder of Page Intentionally Left Blank] 

  
 6 

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

			
	 DRIVEN BRANDS FUNDING, LLC,
 as
Issuer

		
	By:	 	             /s/ Scott
O’Melia

		 	 Name: Scott O’Melia

		 	Title: Executive Vice President and Secretary

  

			
	 DRIVEN BRANDS CANADA FUNDING CORPORATION,

as Joining Co-Issuer

		
	By:	 	             /s/ Scott
O’Melia

		 	 Name: Scott O’Melia

		 	Title: Executive Vice President and Secretary

  
 [Signature Page to
Joinder and Amendment No. 1 to Class A-1 Note Purchase Agreement and Joinder to Class A-1 Notes Fee Letter] 

 
			
	 DRIVEN BRANDS CANADA SHARED SERVICES INC., as Joining Manager

		
	By:	 	             /s/ Scott
O’Melia

		 	 Name: Scott O’Melia

		 	Title: Executive Vice President and Secretary

 
			
	
	 Address: 1460 Stone Church Road E. Hamilton,

ON L8W 3V3
 Attention: General Counsel

  
 [Signature Page to
Joinder and Amendment No. 1 to Class A-1 Note Purchase Agreement and Joinder to Class A-1 Notes Fee Letter] 

 
			
	 FUSA FRANCHISOR SPV LLC
 FUSA
PROPERTIES SPV LLC
 DRIVEN BRANDS CANADA FUNDING CORPORATION

DRIVEN CANADA FUNDING HOLDCO CORPORATION
 CARSTAR CANADA SPV GP
CORPORATION
 CARSTAR CANADA SPV LP
 MAACO CANADA SPV GP
CORPORATION
 MAACO CANADA SPV LP
 MEINEKE CANADA SPV GP
CORPORATION
 MEINEKE CANADA SPV LP
 TAKE 5 CANADA SPV GP
CORPORATION
 TAKE 5 CANADA SPV LP
 GO GLASS FRANCHISOR SPV GP
CORPORATION
 GO GLASS FRANCHISOR SPV LP
 STAR AUTO GLASS
FRANCHISOR SPV GP CORPORATION
 STAR AUTO GLASS FRANCHISOR SPV LP

DRIVEN CANADA PRODUCT SOURCING GP CORPORATION
 DRIVEN CANADA
PRODUCT SOURCING LP
 DRIVEN CANADA CLAIMS MANAGEMENT GP CORPORATION

DRIVEN CANADA CLAIMS MANAGEMENT LP
  

each as a Joining Guarantor

		
	By:	 	             /s/ Scott
O’Melia

		 	 Name: Scott O’Melia

		 	Title:   Executive Vice President and Secretary

  
 [Signature Page to
Joinder and Amendment No. 1 to Class A-1 Note Purchase Agreement and Joinder to Class A-1 Notes Fee Letter] 

			
	 BARCLAYS BANK PLC,
 as an
Administrative Agent

		
	By:	 	 /s/ Benjamin Fernandez

		 	 Name: Benjamin Fernandez

		 	Title: Managing Director

  
 [Signature Page to
Joinder and Amendment No. 1 to Class A-1 Note Purchase Agreement and Joinder to Class A-1 Notes Fee Letter] 

 
			
	 BARCLAYS BANK PLC, NEW YORK BRANCH as L/C Provider

		
	By:	 	 /s/ Benjamin Fernandez

		 	 Name: Benjamin Fernandez

		 	Title: Managing Director

  

			
	 BARCLAYS BANK PLC,
 as Swingline
Lender

		
	By:	 	 /s/ Benjamin Fernandez

		 	 Name: Benjamin Fernandez

		 	Title: Managing Director

  

			
	 BARCLAYS BANK PLC,
 as the Committed
Note Purchaser

		
	By:	 	 /s/ Benjamin Fernandez

		 	 Name: Benjamin Fernandez

		 	Title: Managing Director

  

			
	 BARCLAYS BANK PLC,
 as the related
Funding Agent

		
	By:	 	 /s/ Benjamin Fernandez

		 	 Name: Benjamin Fernandez

		 	Title: Managing Director

  
 [Signature Page to
Joinder and Amendment No. 1 to Class A-1 Note Purchase Agreement and Joinder to Class A-1 Notes Fee Letter] 

 EXHIBIT A 

 Execution
VersionEXHIBIT A 

TO JOINDER AND AMENDMENT NO.
1 
 TO
CLASS A-1 NOTE PURCHASE AGREEMENT 
  
  

CLASS A-1 NOTE PURCHASE AGREEMENT 

(SERIES 2019-3 CLASS A-1 NOTES) 

dated as of December 11, 2019 

among 
 DRIVEN BRANDS FUNDING, LLC, 
 as the Issuer, and 
 DRIVEN
BRANDS CANADA FUNDING HOLDCO, LLC, DRIVEN SYSTEMS LLC, 
 CORPORATION, 

as
Co-Issuers, 
 DRIVEN PRODUCT SOURCING LLC, 1-800-RADIATOR PRODUCT SOURCING LLC, 

1-800-RADIATOR FRANCHISOR SPV LLC, 
 MEINEKE
FRANCHISOR SPV LLC, MAACO FRANCHISOR SPV LLC, 
 ECONO LUBE FRANCHISOR SPV LLC, DRIVE N STYLE FRANCHISOR SPV LLC, CARSTAR 

FRANCHISOR SPV LLC, TAKE 5 FRANCHISOR SPV LLC, TAKE 5
PROPERTIES SPV LLC, 
 ABRA FRANCHISOR SPV LLC and 

MERLIN FRANCHISOR SPV LLC 

The entities listed on
Schedule V, 
 each as a Guarantor, 

DRIVEN BRANDS, INC., 

as U.S.
Manager, 

DRIVEN BRANDS CANADA
SHARED SERVICES INC., 

as Canadian
Manager, 
 CERTAIN CONDUIT INVESTORS, 

each as a Conduit Investor, 

CERTAIN FINANCIAL INSTITUTIONS, 

each as a Committed Note Purchaser, 

CERTAIN FUNDING AGENTS, 
 BARCLAYS
BANK PLC, NEW YORK BRANCH 
 as L/C Provider, 

BARCLAYS BANK PLC, 
 as Swingline
Lender, 
 and 
 BARCLAYS BANK
PLC, 
 as Administrative Agent 
  

 

 TABLE OF CONTENTS 

 

							
	ARTICLE I DEFINITIONS	  	 	2	 
	 SECTION 1.01
	 	Definitions	  	 	2	 
		
	ARTICLE II PURCHASE AND SALE OF SERIES 2019-3 CLASS A-1 NOTES	  	 	2	 
	 SECTION 2.01
	 	The Initial Advance Notes	  	 	2	 
	 SECTION 2.02
	 	Advances	  	 	3	 
	 SECTION 2.03
	 	Borrowing Procedures	  	 	5	 
	 SECTION 2.04
	 	The Series 2019-3 Class A-1 Notes	  	 	7	 
	 SECTION 2.05
	 	Reduction in Commitments	  	 	7	 
	 SECTION 2.06
	 	Swingline Commitment	  	 	10	 
	 SECTION 2.07
	 	L/C Commitment	  	 	12	 
	 SECTION 2.08
	 	L/C Reimbursement Obligations	  	 	16	 
	 SECTION 2.09
	 	L/C Participations	  	 	17	 
		
	ARTICLE III INTEREST AND FEES	  	 	19	 
	 SECTION 3.01
	 	Interest	  	 	19	 
	 SECTION 3.02
	 	Fees	  	 	20	 
	 SECTION 3.03
	 	Eurodollar Lending Unlawful	  	 	21	 
	 SECTION 3.04
	 	Deposits Unavailable	  	 	21	 
	 SECTION 3.05
	 	Increased Costs, etc	  	 	22	 
	 SECTION 3.06
	 	Funding Losses	  	 	23	 
	 SECTION 3.07
	 	Increased Capital or Liquidity Costs	  	 	24	 
	 SECTION 3.08
	 	Taxes	  	 	24	 
	 SECTION 3.09
	 	Change of Lending Office	  	 	27	 
		
	ARTICLE IV OTHER PAYMENT TERMS	  	 	2628	 
	 SECTION 4.01
	 	Time and Method of Payment	  	 	2628	 
	 SECTION 4.02
	 	Order of Distributions	  	 	28	 
	 SECTION 4.03
	 	L/C Cash Collateral	  	 	2729	 
	 SECTION 4.04
	 	Alternative Arrangements with Respect to Letters of Credit	  	 	29	 
		
	ARTICLE V THE ADMINISTRATIVE AGENT AND THE FUNDING AGENTS	  	 	2830	 
	 SECTION 5.01
	 	Authorization and Action of the Administrative Agent	  	 	2830	 
	 SECTION 5.02
	 	Delegation of Duties	  	 	30	 
	 SECTION 5.03
	 	Exculpatory Provisions	  	 	30	 
	 SECTION 5.04
	 	Reliance	  	 	31	 
	 SECTION 5.05
	 	Non-Reliance on the Administrative Agent and Other Purchasers	  	 	2931	 
	 SECTION 5.06
	 	The Administrative Agent in its Individual Capacity	  	 	31	 
	 SECTION 5.07
	 	Successor Administrative Agent; Defaulting Administrative Agent	  	 	31	 
	 SECTION 5.08
	 	Authorization and Action of Funding Agents	  	 	32	 
	 SECTION 5.09
	 	Delegation of Duties	  	 	3133	 
	 SECTION 5.10
	 	Exculpatory Provisions	  	 	3133	 
	 SECTION 5.11
	 	Reliance	  	 	33	 
	 SECTION 5.12
	 	Non-Reliance on the Funding Agent and Other Purchasers	  	 	33	 
	 SECTION 5.13
	 	The Funding Agent in its Individual Capacity	  	 	34	 
	 SECTION 5.14
	 	Successor Funding Agent	  	 	3234	 

  
 i 

							
		
	ARTICLE VI REPRESENTATIONS AND WARRANTIES	  	 

	3234

3234

	 
  

	 SECTION 6.01
	 	The IssuerCo-Issuers and Guarantors
	 SECTION 6.02
	 	The Manager	  	 	3436	 
	 SECTION 6.03
	 	Lender Parties	  	 	3537	 
		
	ARTICLE VII CONDITIONS	  	 	3638	 
	 SECTION 7.01
	 	Conditions to Issuance and Effectiveness	  	 	3638	 
	 SECTION 7.02
	 	Conditions to Initial Extensions of Credit	  	 	3639	 
	 SECTION 7.03
	 	Conditions to Each Extension of Credit	  	 	3739	 
		
	ARTICLE VIII COVENANTS	  	 	3840	 
	 SECTION 8.01
	 	Covenants	  	 	3840	 
		
	ARTICLE IX MISCELLANEOUS PROVISIONS	  	 	3942	 
	 SECTION 9.01
	 	Amendments	  	 	3942	 
	 SECTION 9.02
	 	No Waiver; Remedies	  	 	4143	 
	 SECTION 9.03
	 	Binding on Successors and Assigns	  	 	4144	 
	 SECTION 9.04
	 	Survival of Agreement	  	 	4245	 
	 SECTION 9.05
	 	Payment of Costs and Expenses; Indemnification	  	 	4245	 
	 SECTION 9.06
	 	Characterization as Transaction Document; Entire Agreement	  	 	4447	 
	 SECTION 9.07
	 	Notices	  	 	4447	 
	 SECTION 9.08
	 	Severability of Provisions	  	 	4547	 
	 SECTION 9.09
	 	Tax Characterization	  	 	4547	 
	 SECTION 9.10
	 	No Proceedings; Limited Recourse	  	 	4548	 
	 SECTION 9.11
	 	Confidentiality	  	 	4649	 
	 SECTION 9.12
	 	GOVERNING LAW; CONFLICTS WITH INDENTURE	  	 	4750	 
	 SECTION 9.13
	 	JURISDICTION	  	 	4750	 
	 SECTION 9.14
	 	WAIVER OF JURY TRIAL	  	 	4750	 
	 SECTION 9.15
	 	Counterparts	  	 	4850	 
	 SECTION 9.16
	 	Third Party Beneficiary	  	 	4851	 
	 SECTION 9.17
	 	Assignment	  	 	4851	 
	 SECTION 9.18
	 	Defaulting Investors	  	 	5053	 
	 SECTION 9.19
	 	No Fiduciary Duties.	  	 	5255	 
	 SECTION 9.20
	 	No Guarantee by Manager	  	 	5255	 
	 SECTION 9.21
	 	Acknowledgement and Consent to Bail-In of EEA Financial Institutions	  	 	5255	 
	 SECTION 9.22
	 	Patriot Act	  	 	5457	 
	 SECTION 9.23
	 	Recognition of the U.S. Special Resolution Regimes	  	 	5457	 

  

							
	 SCHEDULES AND EXHIBITS
	  			
			
	 SCHEDULE I
	 	 Investor Groups and Commitments
	  			
	 SCHEDULE II
	 	 Notice Addresses for Lender Parties and Agents
	  			
	 SCHEDULE III
	 	 Additional Closing Conditions
	  			
	 SCHEDULE IV
	 	 Letters of Credit
	  			
	 SCHEDULE V
	 	 Guarantors
	  			
			
	 EXHIBIT A
	 	 Form of Advance Request
	  			
	 EXHIBIT A-1
	 	 Form of Swingline Loan Request
	  			
	 EXHIBIT A-2
	 	 Reserved
	  			

  
 ii 

			
	EXHIBIT B	  	Form of Assignment and Assumption Agreement
	EXHIBIT C	  	Form of Investor Group Supplement
	EXHIBIT D	  	Form of Purchaser’s Letter

  
 iii 

 CLASS A-1 NOTE PURCHASE AGREEMENT 

THIS CLASS A-1 NOTE PURCHASE AGREEMENT, dated as of December 11, 2019 (as amended, supplemented, amended and restated or otherwise
modified from time to time in accordance with the terms hereof, this “Agreement”), is made by and among: 
 (a) DRIVEN
BRANDS FUNDING, LLC, a Delaware limited liability company (the “Issuer”), and DRIVEN BRANDS CANADA FUNDING
CORPORATION, a Canadian corporation (the “Canadian Co-Issuer” and, together with the Issuer, each, a “Co-Issuer.” and, collectively, the “Co-Issuers”),

 (b) DRIVEN FUNDING HOLDCO, LLC, a Delaware
limited liability company, DRIVEN SYSTEMS LLC, a Delaware limited liability company, DRIVEN PRODUCT SOURCING LLC, a Delaware limited liability company, 1-800-RADIATOR PRODUCT SOURCING LLC, a Delaware limited liability company, 1-800-RADIATOR
FRANCHISOR SPV LLC, a Delaware limited liability company, MEINEKE FRANCHISOR SPV LLC, a Delaware limited liability company, MAACO FRANCHISOR SPV LLC, a Delaware limited liability company, ECONO LUBE FRANCHISOR SPV LLC, a Delaware limited liability
company, DRIVE N STYLE FRANCHISOR SPV LLC, a Delaware limited liability company, CARSTAR FRANCHISOR SPV LLC, a Delaware limited liability company, TAKE 5 FRANCHISOR SPV LLC, a Delaware limited liability company, TAKE 5 PROPERTIES SPV LLC, a Delaware
limited liability company, ABRA FRANCHISOR SPV LLC, a Delaware limited liability company, and MERLIN FRANCHISOR SPV LLC, a Delaware limited liability company (each, a “Guarantor” and, collectively, the
“Guarantors”); 
 (b)
Each of the entities listed on Schedule V as “U.S. Guarantors” and each of the entities listed on
Schedule V as “Canadian Guarantors” (each, a “Guarantor” and, collectively, the
“Guarantors”), 
 (c) DRIVEN BRANDS, INC., a Delaware corporation,
as the managerU.S. Manager
(the “U.S. Manager”), and DRIVEN BRANDS CANADA SHARED
SERVICES INC., a Canadian corporation, as the Canadian Manager (the “Canadian Manager” and, together with the U.S. Manager, each, a “Manager,” and, collectively, the “Managers”), 

(d) the several commercial paper conduits listed on Schedule I as Conduit Investors and their respective permitted successors and
assigns (each, a “Conduit Investor” and, collectively, the “Conduit Investors”), 
 (e) the several
financial institutions listed on Schedule I as Committed Note Purchasers and their respective permitted successors and assigns (each, a “Committed Note Purchaser” and, collectively, the “Committed Note
Purchasers”), 
 (f) for each Investor Group, the financial institution entitled to act on behalf of the Investor Group set forth
opposite the name of such Investor Group on Schedule I as Funding Agent and its permitted successors and assigns (each, the “Funding Agent” with respect to such Investor Group and, collectively, the “Funding
Agents”), 
 (g) BARCLAYS BANK PLC, NEW YORK BRANCH, as L/C Provider, 

(h) BARCLAYS BANK PLC, as Swingline Lender, and 

(i) BARCLAYS BANK PLC, in its capacity as administrative agent for the Conduit Investors, the Committed Note Purchasers, the Funding Agents,
the L/C Provider and the Swingline Lender (together with its permitted successors and assigns in such capacity, the “Administrative Agent” or the “Series 2019-3 Class A-1 Administrative Agent”). 

  
 1 

 BACKGROUND 

1. Contemporaneously with the execution and delivery of this Agreement, the Issuer and Citibank, N.A., as Trustee and Series 2019-3 Securities
Intermediary, are enteringentered
into the Series 2019-3 Supplement, of even date herewith (as the same may be amended, supplemented, amended and restated or otherwise modified from time to time in accordance with the terms
thereof, the “Series 2019-3 Supplement”), to the Amended
and Restated Base Indenture, dated as of April 24, 2018 (as amended by the Amendment No. 1 thereto, dated as of March 19, 2019, the Amendment No. 2 thereto, dated as of June 15, 2019, and the Amendment No. 3 thereto, dated as of September 17, 2019, the Amendment No. 4 thereto, dated as of July 6, 2020, and as the same
may be amended, supplemented, amended and restated or otherwise modified from time to time in accordance with the terms thereof, the
“Base Indenture” and, together with the Series 2019-3
Supplement (as amended by Supplement No. 1 to the Series 2019-3 Supplement, dated as of July 6, 2020) and the
Series 2020-1 Supplement, dated as of July 6, 2020, and any other Supplement to the Base Indenture, the
“Indenture”), by and among the IssuerCo-Issuers, the Trustee and the Securities Intermediary, pursuant to which the IssuerCo-Issuers will issue the Series 2019-3 Class A-1 Notes (as defined in the Series 2019-3 Supplement) in accordance with the Indenture. 

2. The Issuer wishesCo-Issuers wish to (a) issue the Series 2019-3 Class A-1 Advance Notes
to each Funding Agent on behalf of the Investors in the related Investor Group, and obtain the agreement of the applicable Investors to make loans from time to time (each, an “Advance” or a “Series 2019-3 Class A-1
Advance” and, collectively, the “Advances” or the “Series 2019-3 Class A-1 Advances”) that will constitute the purchase of Series 2019-3 Class A-1 Outstanding Principal Amounts on the terms and
conditions set forth in this Agreement; (b) issue the Series 2019-3 Class A-1 Swingline Note to the Swingline Lender and obtain the agreement of the Swingline Lender to make Swingline Loans on the terms and conditions set forth in this
Agreement; and (c) issue the Series 2019-3 Class A-1 L/C Note to the L/C Provider and obtain the agreement of the L/C Provider to provide Letters of Credit on the terms and conditions set forth in this Agreement. The Series 2019-3
Class A-1 Advance Notes, the Series 2019-3 Class A-1 Swingline Note and the Series 2019-3 Class A-1 L/C Note constitute Series 2019-3 Class A-1 Notes. The Manager hasManagers have joined in this Agreement to confirm certain representations, warranties and covenants made by itthem in favor of the Trustee and the Noteholders in the Transaction Documents for
the benefit of each Lender Party. 
 ARTICLE I 

DEFINITIONS 
 SECTION 1.01
Definitions. As used in this Agreement and unless the context requires a different meaning, capitalized terms used but not defined herein (including the preamble and the recitals hereto) shall have the meanings assigned to such terms in the
Series 2019-3 Supplemental Definitions List attached to the Series 2019-3 Supplement as Annex A or set forth or incorporated by reference in the Base Indenture Definitions List attached to the Base Indenture as Annex A, as applicable.
Unless otherwise specified herein, all Article, Exhibit, Section or Subsection references herein shall refer to Articles, Exhibits, Sections or Subsections of this Agreement. 

ARTICLE II 
 PURCHASE AND SALE OF
SERIES 2019-3 CLASS A-1 NOTES 
 SECTION 2.01 The Initial Advance Notes. On the terms and conditions set forth in the Indenture and
this Agreement, and in reliance on the covenants, representations and agreements set forth herein and therein, the Issuer shall issueissued and shall request the Trustee
to

  
 2 

 
authenticateauthenticated
 the initial Series 2019-3 Class A-1 Advance Notes, which the Issuer shall deliverdelivered to each Funding Agent on behalf of the Investors in the related
Investor Group on the Series 2019-3 Closing Date. Such initial Series 2019-3 Class A-1 Advance Note for each Investor Group shall beis dated the Series 2019-3 Closing Date, shall beis registered in the name of the related Funding Agent or its nominee, as agent for the related Investors, or in such other name or nominee as such Funding Agent may request, shall haverequested, has
a maximum principal amount equal to the Maximum Investor Group Principal Amount for such Investor Group,
shall havehad
an initial outstanding principal amount equal to such Investor Group’s Commitment Percentage of the Series 2019-3 Class A-1 Initial Advance Principal Amount, and shall be dulywas authenticated in accordance with the provisions of the Indenture. 
 SECTION 2.02
Advances. 
 (a) Subject to the terms and conditions of this Agreement and the Indenture, each Eligible Conduit Investor, if any,
may, in its sole discretion, and, if such Eligible Conduit Investor determines that it will not make (or it does not in fact make) an Advance or any portion of an Advance, its related Committed Note Purchaser(s) shall or, if there is no Eligible
Conduit Investor with respect to any Investor Group, the Committed Note Purchaser(s) with respect to such Investor Group shall, upon the Issuer’s request of either Co-Issuer
delivered in accordance with the provisions of Section 2.03 and the satisfaction of all conditions precedent thereto (or under the circumstances set forth in Section 2.05,
2.06 or 2.08), make Advances from time to time during the Commitment Term; provided that such Advances shall be made ratably by each Investor Group based on their respective Commitment Percentages and the portion of any such Advance made
by any Committed Note Purchaser in such Investor Group shall be its Committed Note Purchaser Percentage of the Advances to be made by such Investor Group (or the portion thereof not being made by any Eligible Conduit Investor in such Investor
Group); provided, further, that if L/C Obligations or Swingline Loans are outstanding as of any date on which Advances will be made pursuant to this Section 2.02(a) and such amounts are not being repaid with the proceeds of such Advances
pursuant to Section 2.03, such Advances (or applicable portions thereof) shall be made ratably by each Investor Group that does not include the L/C Provider and/or the Swingline Lender (or, if each Investor Group includes the L/C Provider
and/or the Swingline Lender, ratably among such Investor Groups) based on the respective Maximum Investor Group Principal Amount of such relevant Investor Groups, and among the Committed Note Purchasers within each such Investor Group based on their
respective Committed Note Purchaser Percentages until the Series 2019-3 Class A-1 Outstanding Principal Amount attributable to each Investor Group, including the Series 2019-3 Class A-1 Outstanding Subfacility Amount attributable to the
Investor Group that includes the L/C Provider or the Swingline Lender, is held ratably based on their respective Commitment Percentages and thereafter any remaining portion of such Advance and any further Advances will continue to be made ratably by
each Investor Group based on their respective Commitment Percentages and among the Committed Note Purchasers within each such Investor Group based on their respective Committed Note Purchaser Percentages; provided, further, that if, as a result of
any Committed Note Purchaser (a “Non-Funding Committed Note Purchaser”) failing to make any previous Advance that such Non-Funding Committed Note Purchaser was required to make, outstanding Advances are not held ratably by each
Investor Group based on their respective Commitment Percentages and among the Committed Note Purchasers within each Investor Group based on their respective Committed Note Purchaser Percentages at the time a request for Advances is made,
(x) such Non-Funding Committed Note Purchaser shall make all of such Advances until outstanding Advances are held ratably by each Investor Group based on their respective Commitment Percentages and among the Committed Note Purchasers within
each Investor Group based on their respective Committed Note Purchaser Percentages and (y) further Advances shall be made ratably by each Investor Group based on their respective Commitment Percentages and the portion of any such Advance made
by any Committed Note Purchaser in such Investor Group shall be its Committed Note Purchaser Percentage of the Advances to be made by such Investor Group (or the portion thereof not being made by any Conduit Investor in such Investor Group);
provided, further, that the failure of a Non-Funding Committed Note Purchaser to make Advances pursuant to the immediately preceding 

  
 3 

 
proviso shall not, subject to the immediately following proviso, relieve any other Committed Note Purchaser of its obligation hereunder, if any, to make Advances in accordance with
Section 2.03(b)(i); provided, further, that no Advance shall be required or permitted to be made by any Investor on any date to the extent that, after giving effect to such Advance, (i) the related Investor Group Principal
Amount would exceed the related Maximum Investor Group Principal Amount (subject to Section 2.03(b)(ii)) or (ii) the Series 2019-3 Class A-1 Outstanding Principal Amount would exceed the Series 2019-3 Class A-1 Notes
Maximum Principal Amount. 
 (b) Notwithstanding anything herein or in any other Transaction Document to the contrary, at no time will a
Conduit Investor be obligated to make Advances hereunder. If at any time any Conduit Investor is not an Eligible Conduit Investor, such Conduit Investor shall promptly notify the Administrative Agent (who shall promptly notify the related Funding
Agent and the
IssuerCo-Issuers)
 thereof. 
 (c) Each of the Advances to be made on any date
shall be made as part of a single borrowing (each such single borrowing being a “Borrowing”). The Advances made as part of the initial Borrowing on the Series 2019-3 Closing Date, if any, will be evidenced by the Series 2019-3
Class A-1 Advance Notes issued in connection herewith and will constitute purchases of Series 2019-3 Class A-1 Initial Advance Principal Amounts corresponding to the amount of such Advances. All of the other Advances will constitute
Increases evidenced by the Series 2019-3 Class A-1 Advance Notes issued in connection herewith and will constitute purchases of Series 2019-3 Class A-1 Outstanding Principal Amounts corresponding to the amount of such Advances. 

(d) Section 2.2(b) of the Series 2019-3 Supplement specifies the procedures to be followed in connection with any Voluntary
Decrease of the Series 2019-3 Class A-1 Outstanding Principal Amount. Each such Voluntary Decrease in respect of any Advances shall be either (i) in an aggregate minimum principal amount of $200,000 and integral multiples of $100,000 in
excess thereof or (ii) or such other amount necessary to reduce the Series 2019-3 Class A-1 Outstanding Principal Amount to zero. 

(e) Subject to the terms of this Agreement and the Series 2019-3 Supplement, the aggregate principal amount of the Advances evidenced by the
Series 2019-3 Class A-1 Advance Notes may be increased by Borrowings or decreased by Voluntary Decreases from time to time. 
 (f) At
any time that the aggregate Series 2019-3 Class A-1 Outstanding Principal Amount attributable to each Investor Group is not held pro rata based on its respective Commitment Percentage (as a result of the issuance of any Letter of Credit or
otherwise), the Investor Groups (and the Investors within each such Investor Group) may, in their sole discretion, agree amongst themselves to reallocate any outstanding Advances to ensure that the aggregate Series 2019-3 Class A-1 Outstanding
Principal Amount attributable to each Investor Group is pro rata based on its respective Commitment Percentage; provided that the IssuerCo-Issuers shall not be liable for any Series 2019-3 Class A-1 Breakage
Amounts resulting solely from any such reallocations. 
 (g) The Administrative Agent shall provide the IssuerCo-Issuers, the
ManagerManagers
and the Trustee timely notice of non-ratable allocations pursuant to Section 2.02(a) and of any reallocations of Advances pursuant to Section 2.02(f) (which notice
requirements may be satisfied through the delivery of the monthly invoice and Letter of Credit report delivered by the Administrative Agent from time to time); provided, that the failure to provide such notice shall not limit or otherwise affect the
obligations of the
IssuerCo-Issuers
under this Agreement or the Indenture with respect thereto. The IssuerCo-Issuers and the ManagerManagers shall not be responsible for any failure to reflect such allocations or reallocations in any Weekly Manager’s Certificate or Quarterly Noteholders’ Report, or for any payments inconsistent with such
allocations or reallocations, until such notice is provided as set forth in this clause (g), including in connection with any Mandatory Decrease, Voluntary Decrease or prepayment of any other tranche, Class or Series of Notes under the Indenture.

  
 4 

 (h) It is agreed that any Series 2019-3 Class A-1 Breakage Amounts shall occur with
respect to the applicable Advance or Swingline Loan closest to maturity. 
 SECTION 2.03 Borrowing Procedures. 

(a) Whenever the a Co-Issuer wishes to make a Borrowing, the such Co-Issuer shall (or shall cause the applicable Manager on its behalf to) notify the Administrative Agent (who shall promptly, and in any event by 4:00 p.m. (New York City time) on the same Business Day as its receipt of the same, notify each Funding Agent of
its pro rata share thereof (or other required share, as required
pursuant to Section 2.02(a)) and notify the Trustee, the Control Party, the Swingline Lender and the L/C Provider in writing of such Borrowing) by written notice in the form of an Advance Request delivered to the Administrative
Agent no later than 12:00 p.m. (New York City time) two Business Days (or, in the case of any Eurodollar Advances for purposes of Section 3.01(b), two (2) Eurodollar Business Days) prior to the date of such Borrowing (except
in the case of the Borrowing on the Series 2019-3 Closing Date, written notice of which may be delivered to the Administrative Agent on the Series 2019-3 Closing Date and, thereafter, unless a shorter period is agreed upon by the Administrative
Agent and the L/C Provider, the L/C Issuing Bank, the Swingline Lender or the Funding Agents, as applicable), which date of Borrowing shall be a Business Day during the Commitment Term. Each such notice shall be irrevocable and shall in each case
refer to this Agreement and specify (i) the Co-Issuer making such
Borrowing date, (ii) the Borrowing date, (iii) the aggregate amount of the requested Borrowing to be
made on such date,
(iiiiv) at the election of the
Co-Issuer making such Borrowing, the amount of outstanding Swingline Loans and Unreimbursed L/C Drawings (if applicable) to be repaid with the proceeds of such Borrowing on the Borrowing date, which amount shall constitute all outstanding
Swingline Loans and/or Unreimbursed L/C Drawings outstanding on the date of such notice that are not prepaid with other funds of the IssuerCo-Issuers available for such purpose, and (ivv) sufficient instructions for application of the balance, if any, of the proceeds of such Borrowing on the Borrowing date (which proceeds shall be made available to the Co-Issuer
 making such
Borrowing). Requests for any (x) Base Rate Advance may
not be made in an aggregate principal amount of less than $250,000 or in an aggregate principal amount that is not an integral multiple of $50,000 in excess thereof (or in each case such other amount as agreed to by the Administrative Agent) and
(y) Eurodollar Advance may not be made in an aggregate principal amount of less than $500,000 or in an aggregate principal amount that is not an integral multiple of $50,000 in excess thereof (or in each case such other amount as agreed to by
the Administrative Agent), in each case except as otherwise provided herein with respect to Borrowings for the purpose of repaying then-outstanding Swingline Loans or Unreimbursed L/C Drawings. Subject to the provisos to
Section 2.02(a), each Borrowing shall be ratably allocated among the Investor Groups’ respective Maximum Investor Group Principal Amounts. Each Funding Agent shall promptly advise its related Conduit Investor, if any, of any
notice given pursuant to this Section 2.03(a) and shall promptly thereafter (but in no event later than 10:00 a.m. (New York City time) on the date of Borrowing) notify the Administrative Agent, the IssuerCo-Issuers and the related Committed Note Purchaser(s) whether such Conduit Investor has determined to make all or any portion of the Advances in such Borrowing that are to be made by its Investor Group. On the date of each
Borrowing and subject to the other conditions set forth herein and in the Series 2019-3 Supplement (and, if requested by the Administrative Agent, confirmation from the Swingline Lender and the L/C Provider, as applicable, as to (x) the amount
of outstanding Swingline Loans and Unreimbursed L/C Drawings to be repaid with the proceeds of such Borrowing on the Borrowing date, (y) the Undrawn L/C Face Amount of all Letters of Credit then outstanding and (z) the principal amount of
any other Swingline Loans or Unreimbursed L/C Drawings then outstanding), the applicable Investors in each Investor Group shall make available to the Administrative Agent the amount of the Advances in such Borrowing that are to be made by such
Investor Group by wire transfer in U.S. Dollars of such amount in same day funds no later than 11:00 a.m. (New York City time) (or such later time as the Administrative Agent may agree to in its sole discretion on the date of any Borrowing) on the
date of such Borrowing, and upon receipt thereof the 

  
 5 

 
Administrative Agent shall make such proceeds available by 3:00 p.m. (New York City time), first, if applicable, and at the election of the Co-Issuer
 making such
Borrowing, to the Swingline Lender and the L/C Provider for
application to repayment of the amount of outstanding Swingline Loans and Unreimbursed L/C Drawings as set forth in the applicable Advance Request, ratably in proportion to such respective amounts, and/or, second, to the Co-Issuer making
 such Borrowing, as instructed in the applicable Advance Request. 
 (b)(i)
The failure of any Committed Note Purchaser to make the Advance to be made by it as part of any Borrowing shall not relieve any other Committed Note Purchaser (whether or not in the same Investor Group) of its obligation, if any, hereunder to make
its Advance on the date of such Borrowing, but no Committed Note Purchaser shall be responsible for the failure of any other Committed Note Purchaser to make the Advance to be made by such other Committed Note Purchaser on the date of any Borrowing
and (ii) in the event that one or more Committed Note Purchasers fails to make its Advance by 11:00 a.m. (New York City time) (or such later time as the Administrative Agent may agree to in its sole discretion on the date of any Borrowing) on
the date of such Borrowing, the Administrative Agent shall notify each of the other Committed Note Purchasers not later than 1:00 p.m. (New York City time) on such date, and each of the other Committed Note Purchasers may (but shall not be obligated
to) make available to the Administrative Agent a supplemental Advance in a principal amount (such amount, the “reference amount”) equal to the lesser of (a) the aggregate principal Advance that was unfunded multiplied by a
fraction, the numerator of which is the Commitment Amount of such Committed Note Purchaser and the denominator of which is the aggregate Commitment Amounts of all Committed Note Purchasers (less the aggregate Commitment Amount of the Committed Note
Purchasers failing to make Advances on such date) and (b) the excess of (i) such Committed Note Purchaser’s Commitment Amount over (ii) the product of such Committed Note Purchaser’s related Investor Group Principal Amount
multiplied by such Committed Note Purchaser’s Committed Note Purchaser Percentage (after giving effect to all prior Advances on such date of Borrowing)
(provided that a Committed Note Purchaser may (but shall not be obligated
to), on terms and conditions to be agreed upon by such Committed Note Purchaser and the applicable Co-Issuer, make available to the Administrative Agent a supplemental Advance in a principal amount in excess of the reference amount; provided, however, that no such supplemental Advance shall be
permitted to be made to the extent that, after giving effect to such Advance, the Series 2019-3 Class A-1 Outstanding Principal Amount would exceed the Series 2019-3 Class A-1 Notes Maximum Principal Amount). Such supplemental Advances
shall be made by wire transfer in U.S. Dollars in same day funds no later than 3:00 p.m. (New York City time) one (1) Business Day following the date of such Borrowing, and upon receipt thereof the Administrative Agent shall immediately make
such proceeds available, first, if applicable and at the election of the Co-Issuer making such Borrowing, to the Swingline Lender and/or the L/C Provider for application to repayment of
the amount of outstanding Swingline Loans and Unreimbursed L/C Drawings as set forth in the applicable Advance Request, ratably in proportion to such respective amounts, and, second, to the Co-Issuer
making such
Borrowing, as instructed in the applicable Advance Request.
If any Committed Note Purchaser which shall have so failed to fund its Advance shall subsequently pay such amount, the Administrative Agent shall apply such amount pro rata to repay any supplemental Advances made by the other Committed Note
Purchasers pursuant to this Section 2.03(b). 
 (c) Unless the Administrative Agent shall have received notice from a
Funding Agent prior to the date of any Borrowing that an applicable Investor in the related Investor Group will not make available to the Administrative Agent such Investor’s share of the Advances to be made by such Investor Group as part of
such Borrowing, the Administrative Agent may (but shall not be obligated to) assume that such Investor has made such share available to the Administrative Agent on the date of such Borrowing in accordance with Section 2.02(a) and
the Administrative Agent may (but shall not be obligated to), in reliance upon such assumption, make available to the Swingline Lender, the L/C Provider and/or the
applicable Co-Issuer, as applicable, on such date a corresponding amount,
and shall, if such corresponding amount has not been made available by the Administrative Agent, make available to the Swingline Lender, the L/C Provider and/or the
applicable Co-Issuer, as applicable, on such date a

  
 6 

 
corresponding amount once such Investor has made such portion available to the Administrative Agent. If and to the extent that any Investor shall not have so made such amount available to the
Administrative Agent, such Investor and the
IssuerCo-Issuers jointly and severally agree to repay (without duplication) to the Administrative Agent on the next Weekly Allocation Date such corresponding amount (in the case of the IssuerCo-Issuers,
 in accordance with the Priority of Payments), together with interest thereon, for each day from the date such amount is made available to the applicable Co-Issuer until the date such amount is repaid to the Administrative
Agent, at (i) in the case of the
IssuerCo-Issuers,
 the interest rate applicable at the time to the Advances comprising such Borrowing and (ii) in the case of such Investor, the Federal Funds Rate and without deduction by such Investor for any
withholding taxes. If such Investor shall repay to the Administrative Agent such corresponding amount, such amount so repaid shall constitute such Investor’s Advance as part of such Borrowing for purposes of this Agreement. 

SECTION 2.04 The Series 2019-3 Class A-1 Notes. On each date an Advance or Swingline Loan is made or a Letter of Credit is issued
hereunder, and on each date the outstanding amount thereof is reduced, a duly authorized officer, employee or agent of the related Series 2019-3 Class A-1 Noteholder shall make appropriate notations in its books and records of the amount,
evidenced by the related Series 2019-3 Class A-1 Advance Note, Series 2019-3 Class A-1 Swingline Note or Series 2019-3 Class A-1 L/C Note, of such Advance, Swingline Loan or Letter of Credit, as applicable, and the amount of such
reduction, as applicable. The
IssuerCo-Issuers hereby
authorizesauthorize
each duly authorized officer, employee and agent of such Series 2019-3 Class A-1 Noteholder to make such notations on the books and records as aforesaid and every such notation made in
accordance with the foregoing authority shall be prima facie evidence of the accuracy of the information so recorded; provided, however, that in the event of a discrepancy between the books and records of such Series 2019-3
Class A-1 Noteholder and the records maintained by the Trustee pursuant to the Indenture, such discrepancy shall be resolved by such Series 2019-3 Class A-1 Noteholder, the Control Party and the Trustee, in consultation with the IssuerCo-Issuers (provided that such consultation with the IssuerCo-Issuers will not in any way limit or delay such Series 2019-3 Class A-1
Noteholders’, the Control Party’s and the Trustee’s ability to resolve such discrepancy), and such resolution shall control in the absence of manifest error; provided further that the failure of any such notation to be
made, or any finding that a notation is incorrect, in any such records shall not limit or otherwise affect the obligations of the IssuerCo-Issuers under this Agreement or the Indenture. 

SECTION 2.05 Reduction in Commitments. 

(a) The IssuerCo-Issuers may, upon at least three (3) Business Days’ notice to the
Administrative Agent (who shall promptly notify the Trustee, the Control Party, each Funding Agent and each Investor), effect a permanent reduction in the Series 2019-3 Class A-1 Notes Maximum Principal Amount and a corresponding reduction in
each Commitment Amount and Maximum Investor Group Principal Amount on a pro rata basis; provided that (i) any such reduction will be limited to the undrawn portion of the Commitments, although any such reduction may be combined
with a Voluntary Decrease effected pursuant to and in accordance with Section 2.2(b) of the Series 2019-3 Supplement, (ii) any such reduction must be in a minimum amount of $1,000,000, (iii) after giving effect to such
reduction, the Series 2019-3 Class A-1 Notes Maximum Principal Amount equals or exceeds $5,000,000, unless reduced to zero, and (iv) no such reduction shall be permitted if, after giving effect thereto, (x) the aggregate Commitment
Amounts would be less than the Series 2019-3 Class A-1 Outstanding Principal Amount (excluding any Undrawn L/C Face Amounts with respect to which cash collateral is held by the L/C Provider pursuant to Section 4.03(b)) or
(y) the aggregate Commitment Amounts would be less than the sum of the Swingline Commitment and the L/C Commitment. Any reduction made pursuant to this Section 2.05(a) shall be made ratably among the Investor Groups on the
basis of their respective Maximum Investor Group Principal Amounts. 

  
 7 

 (b) If any of the following events shall occur, then the Commitment Amounts shall be
automatically and permanently reduced on the dates and in the amounts set forth below with respect to the applicable event and the other consequences set forth below with respect to the applicable event shall ensue (and the IssuerCo-Issuers shall give the Trustee, the Control Party, each Funding Agent and the Administrative Agent prompt written notice thereof): 

(i) if the Outstanding Principal Amount of the Series 2019-3 Class A-1 Notes has not been paid in full or otherwise
refinanced in full (which refinancing may also include an extension thereof) by the Business Day immediately preceding the Class A-1 Notes Renewal Date, (A) on such Business Day, (x) the principal amount of all then-outstanding
Swingline Loans and Unreimbursed L/C Drawings shall be repaid in full with proceeds of Advances made on such date (and the
applicable Co-Issuer shall be deemed to have delivered such Advance
Requests under Section 2.03 as may be necessary to cause such Advances to be made), and (y) the Swingline Commitment and the L/C Commitment shall both be automatically and permanently reduced to zero and (B) (x) all
undrawn portions of the Commitments shall automatically and permanently terminate and the corresponding portions of the Series 2019-3 Class A-1 Notes Maximum Principal Amount and the Maximum Investor Group Principal Amounts shall be
automatically and permanently reduced by a corresponding amount (with respect to the Maximum Investor Group Principal Amounts, on a pro rata basis) and (y) each payment of principal on the Series 2019-3 Class A-1 Outstanding Principal
Amount occurring on or following such Business Day shall result automatically and permanently in a dollar-for-dollar reduction of the Series 2019-3 Class A-1 Notes Maximum Principal Amount and a corresponding reduction in each Maximum Investor
Group Principal Amount on a pro rata basis; 
 (ii) if a Rapid Amortization Event occurs and is continuing
(other than a Rapid Amortization Event triggered by an Event of Default that is occurring continuing and as a result of which the payment of the Series 2019-3 Class A-1 Notes is accelerated pursuant to the terms of the Base Indenture) (and
shall not have been waived as provided in the Base Indenture) prior to the Class A-1 Notes Renewal Date, then (A) on the date such Rapid Amortization Event occurs, all undrawn portions of the Commitments shall automatically and permanently
terminate, which termination shall be deemed to have occurred immediately following the making of Advances pursuant to clause (B) below, and the corresponding portions of the Series 2019-3 Class A-1 Notes Maximum Principal Amount and the
Maximum Investor Group Principal Amounts shall be automatically and permanently reduced by a corresponding amount (with respect to the Maximum Investor Group Principal Amounts, on a pro rata basis), (B) no later than the second Business
Day after the occurrence of such Rapid Amortization Event, the principal amount of all then-outstanding Swingline Loans and Unreimbursed L/C Drawings shall be repaid in full with proceeds of Advances (and the applicable Co-Issuer shall be deemed to have delivered such Advance Requests
under Section 2.03 as may be necessary to cause such Advances to be made) and the Swingline Commitment shall be automatically reduced to zero and the L/C Commitment shall be automatically reduced by the unused portion thereof and such
amount of Unreimbursed L/C Drawings repaid by such Advances; and (C) each payment of principal (which, for the avoidance of doubt, shall include cash collateralization of Undrawn L/C Face Amounts pursuant to Sections 4.02,
4.03(a), 4.03(b) and 9.18(c)(ii)) on the Series 2019-3 Class A-1 Outstanding Principal Amount occurring on or after the date of such Rapid Amortization Event (excluding the repayment of any outstanding Swingline Loans and
Unreimbursed L/C Drawings with proceeds of Advances pursuant to clause (B) above) shall result automatically and permanently in a dollar-for-dollar reduction of the Series 2019-3 Class A-1 Notes Maximum Principal Amount and a corresponding
reduction in each Maximum Investor Group Principal Amount on a pro rata basis; provided that, in each case, if any Rapid Amortization Event occurring solely under clause (a) of the definition thereof shall cease to be in effect as
a result of being waived in accordance with the Base Indenture then the Commitments, Swingline Commitment, L/C Commitment, Series 2019-3 Class A-1 Notes Maximum Principal Amount and the Maximum Investor Group Principal Amounts shall be restored
to the amounts in effect immediately prior to the occurrence of such Rapid Amortization Event; 

  
 8 

 (iii) [Intentionally omitted]; 

(iv) if payments in connection with Indemnification Amounts, Release Prices, Asset Disposition Proceeds or
Insurance/Condemnation Proceeds are allocated to and deposited in the Series 2019-3 Class A-1 Distribution Account in accordance with Section 3.6(j) of the Series 2019-3 Supplement at a time when either (i) no Senior Notes
other than Series 2019-3 Class A-1 Notes are Outstanding or (ii) if the Outstanding Principal Amount of the Series 2019-3 Class A-1 Notes has not been paid in full or otherwise refinanced in full (which refinancing may also include an
extension thereof) by the Class A-1 Notes Renewal Date and such event is continuing, then (x) the aggregate Commitment Amount shall be automatically and permanently reduced on the date of such deposit by an amount (the “Series
2019-3 Class A-1 Allocated Payment Reduction Amount”) equal to the amount of such deposit, and each Committed Note Purchaser’s Commitment Amount shall be reduced on a pro rata basis of such Series 2019-3 Class A-1
Allocated Payment Reduction Amount based on each Committed Note Purchaser’s Commitment Amount, (y) the corresponding portions of the Series 2019-3 Class A-1 Notes Maximum Principal Amount and the Maximum Investor Group Principal
Amounts shall be automatically and permanently reduced on a pro rata basis based on each Investor Group’s Maximum Investor Group Principal Amount by a corresponding amount on such date (and, if after giving effect to such reduction the
aggregate Commitment Amounts would be less than the sum of the Swingline Commitment and the L/C Commitment, then the aggregate amount of the Swingline Commitment and the L/C Commitment shall be reduced by the amount of such difference, with such
reduction to be allocated between them in accordance with the written instructions of the
IssuerCo-Issuers delivered prior to such date; provided that after giving effect thereto the aggregate amount of the Swingline Loans and the L/C Obligations do not exceed the Swingline Commitment and the L/C Commitment,
respectively, as so reduced; provided further that in the absence of such instructions, such reduction shall be allocated first to the Swingline Commitment and then to the L/C Commitment) and (z) the Series 2019-3 Class A-1
Outstanding Principal Amount shall be repaid or prepaid (which, for the avoidance of doubt, shall include cash collateralization of Undrawn L/C Face Amounts pursuant to Sections 4.02, 4.03(a), 4.03(b) and
9.18(c)(ii)) in an aggregate amount equal to such Series 2019-3 Class A-1 Allocated Payment Reduction Amount on the date and in the order required by Section 3.6(j) of the Series 2019-3 Supplement; and

 (v) if any Event of Default shall occur and be continuing (and shall not have been waived in accordance with the
Base Indenture) and as a result the payment of the Series 2019-3 Class A-1 Notes is accelerated pursuant to the terms of the Base Indenture (and such acceleration shall not have been rescinded in accordance with the Base Indenture), then the
Series 2019-3 Class A-1 Notes Maximum Principal Amount, the Commitment Amounts, the Swingline Commitment, the L/C Commitment and the Maximum Investor Group Principal Amounts shall all be automatically and permanently reduced to zero upon such
acceleration and the
IssuerCo-Issuers shall (in accordance with the Series 2019-3 Supplement) cause the Series 2019-3 Class A-1 Outstanding Principal Amount to be paid in full (which, for the avoidance of doubt, shall include cash
collateralization of Undrawn L/C Face Amounts pursuant to Sections 4.02, 4.03(a), 4.03(b) and 9.18(c)(ii)) together with accrued interest, Series 2019-3 Class A-1 Commitment Fees Amounts
payable pursuant to the Series 2019-3 Supplement, amounts payable as “Class A-1 Notes Other Amounts” pursuant to the Series 2019-3 Supplement (“Series 2019-3 Class A-1 Notes Other Amounts”) and all other amounts then
due and payable to the Lender Parties, the Administrative Agent and the Funding Agents under this Agreement and the other Transaction Documents and any unreimbursed Debt Service Advance, Collateral Protection Advance and Manager Advance (in each
case, with interest thereon at the Advance Interest Rate) subject to and in accordance with the Priority of Payments. 

  
 9 

 SECTION 2.06 Swingline Commitment. 

(a) On the terms and conditions set forth in the Indenture and this Agreement, and in reliance on the covenants, representations and
agreements set forth herein and therein, the Issuer shall
issueissued and shall causecaused the Trustee to authenticate the initial Series 2019-3 Class A-1 Swingline Note, which the Issuer shall
deliverdelivered to the Swingline Lender on the Series
2019-3 Closing Date. Such initial Series 2019-3 Class A-1 Swingline Note shall
beis dated the Series 2019-3 Closing Date, shall beis registered in the name of the Swingline Lender or its nominee, or in such other name as the Swingline Lender may request,
shall haverequested has a maximum principal amount equal to
the Swingline Commitment, shall
havehad an initial outstanding principal amount equal to
the Series 2019-3 Class A-1 Initial Swingline Principal Amount, and shall be
dulywas authenticated in accordance with the provisions of
the Indenture. Subject to the terms and conditions hereof, the Swingline Lender, in reliance on the agreements of the Committed Note Purchasers set forth in this Section 2.06, agrees to make swingline loans (each, a “Swingline
Loan” or a “Series 2019-3 Class A-1 Swingline Loan” and, collectively, the “Swingline Loans” or the “Series 2019-3 Class A-1 Swingline Loans”) to the IssuerCo-Issuers from time to time during the period commencing on the Series 2019-3 Closing Date and ending on the date that is two Business Days prior to the Commitment Termination Date; provided that the Swingline Lender
shall have no obligation or right to make any Swingline Loan if, after giving effect thereto, (i) the aggregate principal amount of Swingline Loans outstanding would exceed the Swingline Commitment then in effect (notwithstanding that the
Swingline Loans outstanding at any time, when aggregated with the Swingline Lender’s other outstanding Advances hereunder, may exceed the Swingline Commitment then in effect) or (ii) the Series 2019-3 Class A-1 Outstanding Principal
Amount would exceed the Series 2019-3 Class A-1 Notes Maximum Principal Amount. Each such Borrowing of a Swingline Loan will constitute a Subfacility Increase in the outstanding principal amount evidenced by the Series 2019-3 Class A-1
Swingline Note in an amount corresponding to such Borrowing. Subject to the terms of this Agreement and the Series 2019-3 Supplement, the outstanding principal amount evidenced by the Series 2019-3 Class A-1 Swingline Note may be increased by
Borrowings of Swingline Loans or decreased by payments of principal thereon from time to time. 
 (b) Whenever the a Co-Issuer desires that the Swingline Lender make Swingline Loans, the such Co-Issuer shall (or shall cause the applicable Manager on its behalf to) give the Swingline Lender and the
Administrative Agent irrevocable notice in writing not later than 11:00 a.m. (New York City time) on the proposed borrowing date, specifying
(i) the Co-Issuer requesting such Swingline Loan, (iii) the amount to be borrowed,
(iiiii) the requested borrowing date (which shall be a Business Day during the Commitment Term not later than the date that is two (2) Business Days prior to the Commitment Termination Date) and (iiiiv) the payment instructions for the proceeds of such borrowing (which shall be consistent with the terms and provisions of this Agreement and the Indenture and which proceeds shall be made available to the such Co-Issuer). Such notice shall be in
the form attached hereto as Exhibit A-1 hereto (a “Swingline Loan Request”). Promptly upon receipt of any Swingline Loan Request (but in no event later than 2:00 p.m. (New York City time) on the date of such receipt), the
Swingline Lender shall promptly notify the Control Party and the Trustee thereof in writing. Each Borrowing under the Swingline Commitment shall be in a minimum amount equal to $100,000. Promptly upon receipt of any Swingline Loan Request (but in no
event later than 2:00 p.m. (New York City time) on the date of such receipt), the Administrative Agent (based, with respect to any portion of the Series 2019-3 Class A-1 Outstanding Subfacility Amount held by any Person other than the
Administrative Agent, solely on written notices received by the Administrative Agent under this Agreement) will inform the Swingline Lender whether or not, after giving effect to the requested Swingline Loan, the Series 2019-3 Class A-1
Outstanding Principal Amount would exceed the Series 2019-3 Class A-1 Notes Maximum Principal Amount. If the Administrative Agent confirms that the Series 2019-3 Class A-1 Outstanding Principal Amount would not exceed the Series 2019-3
Class A-1 Notes Maximum Principal Amount after giving effect to the requested Swingline Loan, then not later than 3:00 p.m. (New York City time) on the borrowing date specified in the Swingline Loan Request, subject to the other conditions set
forth herein and in the Series 2019-3 Supplement, the Swingline Lender shall make available to the applicable
Co-Issuer in accordance with the payment instructions set forth in such notice an amount in immediately available funds equal to the amount of the requested Swingline Loan. 

  
 10 

 (c) The
IssuerCo-Issuers hereby
agreesagree that each Swingline Loan made by the Swingline Lender to the IssuerCo-Issuers pursuant to Section 2.06(a) shall constitute the
promise and obligation of the
IssuerCo-Issuers
to pay to the Swingline Lender the aggregate unpaid principal amount of all Swingline Loans made by such Swingline Lender pursuant to Section 2.06(a), which amounts shall be
due and payable (whether at maturity or by acceleration) as set forth in this Agreement and in the Indenture for the Series 2019-3 Class A-1 Outstanding Principal Amount. 

(d) In accordance with, and without limitation of, Section 2.03(a), the Issuer agreesCo-Issuers agree
to cause requests for Borrowings to be made at least one time per month, for each month any Swingline Loans are outstanding for at least ten (10) Business Days during such month, if any
Swingline Loans are outstanding in amounts at least sufficient to repay in full all Swingline Loans outstanding on the date of the applicable request. In accordance with Section 3.01(c), outstanding Swingline Loans shall bear
interest at the Base Rate. 
 (e) [Intentionally omitted.] 

(f) If prior to the time Advances would have otherwise been made pursuant to Section 2.06(d), an Event of Bankruptcy shall
have occurred and be continuing with respect to the
IssuerCo-Issuers or any Guarantor or if for any other reason, as determined by the Swingline Lender in its sole and absolute discretion, Advances will not be made as contemplated by Section 2.06(d), each
Committed Note Purchaser shall, on the date such Advances were to have been made pursuant to the notice referred to in Section 2.06(d) (the “Refunding Date”), purchase for cash an undivided participating interest
in the then-outstanding Swingline Loans by paying to the Swingline Lender an amount (the “Swingline Participation Amount”) equal to (i) its Committed Note Purchaser Percentage multiplied by (ii) the related Investor
Group’s Commitment Percentage multiplied by (iii) the aggregate principal amount of Swingline Loans then outstanding that was to have been repaid with such Advances. 

(g) Whenever, at any time after the Swingline Lender has received from any Investor such Investor’s Swingline Participation Amount, the
Swingline Lender receives any payment on account of the Swingline Loans, the Swingline Lender will distribute to such Investor its Swingline Participation Amount (appropriately adjusted, in the case of interest payments, to reflect the period of
time during which such Investor’s participating interest was outstanding and funded and, in the case of principal and interest payments, to reflect such Investor’s pro rata portion of such payment if such payment is not sufficient
to pay the principal of and interest on all Swingline Loans then due); provided, however, that in the event that such payment received by the Swingline Lender is required to be returned, such Investor will return to the Swingline
Lender any portion thereof previously distributed to it by the Swingline Lender. 
 (h) Each applicable Investor’s obligation to make
the Advances referred to in Section 2.06(d) and each Committed Note Purchaser’s obligation to purchase participating interests pursuant to Section 2.06(f) shall be absolute and unconditional and shall not
be affected by any circumstance, including (i) any setoff, counterclaim, recoupment, defense or other right that such Investor, Committed Note Purchaser or the
IssuerCo-Issuers may have against the Swingline Lender, the
IssuerCo-Issuers
or any other Person for any reason whatsoever; (ii) the occurrence or continuance of a Default or an Event of Default or the failure to satisfy any of the other conditions specified in
Article VII other than at the time the related Swingline Loan was made; (iii) any adverse change in the condition (financial or otherwise) of the
IssuerCo-Issuers
; (iv) any breach of this Agreement or any other Indenture Document by the IssuerCo-Issuers or any other Person; or (v) any other circumstance, happening or
event whatsoever, whether or not similar to any of the foregoing. 
 (i) The IssuerCo-Issuers may, upon at least three (3) Business Days’ notice to the
Administrative Agent and the Swingline Lender, effect a permanent reduction in the Swingline Commitment;
provided that any such reduction will be limited to the undrawn
portion of the Swingline 

  
 11 

 
Commitment. If requested by the
IssuerCo-Issuers in writing and with the prior written consent of the Swingline Lender and the Administrative Agent, the Swingline Lender may (but shall not be obligated to) increase the amount of the Swingline Commitment; provided that, after giving effect thereto, the aggregate amount of each of the
Series 2019-3 Class A-1 Outstanding Principal Amount, the Swingline Commitment and the L/C Commitment does not exceed the aggregate amount of the Commitments. 

(j) The IssuerCo-Issuers may, upon notice to the Swingline Lender (who shall promptly notify
the Administrative Agent and the Trustee thereof in writing), at any time and from time to time, voluntarily prepay Swingline Loans in whole or in part without premium or penalty; provided that (x) such notice must be received by the
Swingline Lender not later than 1:00 p.m. (New York City time) on the date of the prepayment, (y) any such prepayment shall be in a minimum principal amount of $500,000 or a whole multiple of $50,000 in excess thereof (or in each case such
other amount as agreed by the Administrative Agent) or, if less, the entire principal amount thereof then outstanding and (z) if the source of funds for such prepayment is not a Borrowing, there shall be no unreimbursed Debt Service Advance,
Collateral Protection Advance or Manager Advance (or interest thereon) at such time. Each such notice shall specify the date and amount of such prepayment. If such notice is given, the IssuerCo-Issuers shall make such prepayment directly to the Swingline Lender and the payment amount specified in such notice shall be due and payable on the date specified therein. 

SECTION 2.07 L/C Commitment. 

(a) Subject to the terms and conditions hereof, the L/C Provider (or its permitted assigns pursuant to Section 9.17), in reliance
on the agreements of the Committed Note Purchasers set forth in Sections 2.08 and 2.09, agrees to provide standby letters of credit, including Interest Reserve Letters of Credit (each, a “Letter of Credit” and,
collectively, the “Letters of Credit”) for the account of either or both of the
IssuerCo-Issuers
on any Business Day during the period commencing on the Series 2019-3 Closing Date and ending on the date that is ten Business Days prior to the Commitment Termination Date to be issued in
accordance with Section 2.07(h) in such form as may be approved from time to time by the L/C Provider; provided that the L/C Provider shall have no obligation or right to provide any Letter of Credit on a requested issuance
date if, after giving effect to such issuance, (i) the L/C Obligations would exceed the L/C Commitment, (ii) the Series 2019-3 Class A-1 Outstanding Principal Amount would exceed the Series 2019-3 Class A-1 Notes Maximum
Principal Amount or (iii) the Series 2019-3 Class A-1 Outstanding Principal Amount attributable to the L/C Provider (in its capacity as Committed Note Purchaser and L/C Provider) would exceed its Commitment Amount. 

Each Letter of Credit shall (x) be denominated in Dollars, (y) have a face amount of at least $100,000 (unless otherwise agreed by
the L/C Provider, together with a reasonable administrative fee to be agreed upon) and (z) expire no later than the earlier of (A) the first anniversary of its date of issuance and (B) the date that is ten (10) Business Days
prior to the Commitment Termination Date (the “Required Expiration Date”); provided that any Letter of Credit may provide for the automatic renewal thereof for additional periods, each individually not to exceed one year
(which shall in no event extend beyond the Required Expiration Date) unless the L/C Provider notifies each beneficiary of such Letter of Credit at least thirty (30) calendar days prior to the then-applicable expiration date (or no later than
the applicable notice date, if earlier, as specified in such Letter of Credit) that such Letter of Credit shall not be renewed; provided further that any Letter of Credit may have an expiration date that is later than the Required
Expiration Date so long as either (x) the Undrawn L/C Face Amount with respect to such Letter of Credit has been fully cash collateralized by the
IssuerCo-Issuers in accordance with Section 4.02 or 4.03 as of the Required Expiration Date and there are no other outstanding L/C Obligations with respect to such Letter of Credit as of the Required Expiration
Date or (y) other than with respect to Interest Reserve Letters of Credit, arrangements satisfactory to the L/C Provider in its sole and absolute discretion have been made with the L/C Provider (and, if the L/C Provider is not the L/C Issuing
Bank with respect to such Letter of Credit, the L/C Issuing Bank) pursuant to Section 4.04 such that such Letter of Credit shall cease to be deemed outstanding or to be deemed a “Letter of Credit” for purposes of this
Agreement as of the Commitment Termination Date. 

  
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 Additionally, each Interest Reserve Letter of Credit shall (1) name each of
(A) the Trustee, for the benefit of the Senior Noteholders or the Senior Subordinated Noteholders, as applicable, and (B) the Control Party, as the beneficiary thereof; (2) allow the Trustee or the Control Party to submit a notice of
drawing in respect of such Interest Reserve Letter of Credit whenever amounts would otherwise be required to be withdrawn from the Senior Notes Interest Reserve
AccountAccounts
 or the Senior Subordinated Notes Interest Reserve AccountAccounts,
 as applicable, pursuant to the Indenture; and (3) indicate by its terms that the proceeds in respect of drawings under such Interest Reserve Letter of Credit shall be paid directly into
the applicable Senior Notes Interest Reserve Account or the applicable Senior Subordinated Notes Interest Reserve Account, as applicable, or such other Account, as permitted pursuant to
the terms of the Indenture. 
 The L/C Provider shall not at any time be obligated to (I) provide any Letter of Credit
hereunder if such issuance would violate, or cause any L/C Issuing Bank to exceed any limits imposed by, any applicable Requirement of Law or (II) amend any Letter of Credit hereunder if (1) the L/C Provider would have no obligation at such
time to issue such Letter of Credit in its amended form under the terms hereof or (2) each beneficiary of such Letter of Credit does not accept the proposed amendment to such Letter of Credit. 

(b) On the terms and conditions set forth in the Indenture and this Agreement, and in reliance on the covenants, representations and
agreements set forth herein and therein, the Issuer shall
issueissued and shall causecaused the Trustee to authenticate the initial Series 2019-3 Class A-1 L/C Note, which the Issuer shall
deliverdelivered to the L/C Provider on the Series 2019-3
Closing Date. Such initial Series 2019-3 Class A-1 L/C Note shall
beis dated the Series 2019-3 Closing Date, shall beis registered in the name of the L/C Provider or in such other name or nominee as the L/C Provider may request, shall
haverequested, has a maximum principal amount equal to the
L/C Commitment, shall
havehad an initial outstanding principal amount equal to
the Series 2019-3 Class A-1 Initial Aggregate Undrawn L/C Face Amount, and shall be dulywas authenticated in accordance with the provisions of the Indenture. Each
issuance of a Letter of Credit after the Series 2019-3 Closing Date will constitute an Increase in the outstanding principal amount evidenced by the Series 2019-3 Class A-1 L/C Note in an amount corresponding to the Undrawn L/C Face Amount of
such Letter of Credit. All L/C Obligations (whether in respect of Undrawn L/C Face Amounts or Unreimbursed L/C Drawings) shall be deemed to be principal outstanding under the Series 2019-3 Class A-1 L/C Note and shall be deemed to be Series
2019-3 Class A-1 Outstanding Principal Amounts for all purposes of this Agreement, the Indenture and the other Transaction Documents other than, in the case of Undrawn L/C Face Amounts, for purposes of accrual of interest. Subject to the terms
of this Agreement and the Series 2019-3 Supplement, each issuance of a Letter of Credit will constitute a Subfacility Increase in the outstanding principal amount evidenced by the Series 2019-3 Class A-1 L/C Note and the expiration of any
Letter of Credit or reimbursements of any Unreimbursed L/C Drawings thereunder or other circumstances resulting in the permanent reduction in any Undrawn L/C Face Amounts from time to time will constitute a Subfacility Decrease in the outstanding
principal amount evidenced by the Series 2019-3 Class A-1 L/C Note. The L/C Provider and the IssuerCo-Issuers agree to promptly notify the Administrative Agent and the Trustee of
any such decreases for which notice to the Administrative Agent is not otherwise provided hereunder. 
 (c) The Each Co-Issuer
(or both Co-Issuers) may (or shall cause the applicable Manager
(or both Managers) on its (or their) behalf to) from time to time request that the L/C Provider provide a
new Letter of Credit by delivering to the L/C Provider at its address for notices specified herein an Application therefor (in the form required by the applicable L/C Issuing Bank as notified to the IssuerCo-Issuers by the L/C Provider), completed to the satisfaction of the L/C Provider, and such other certificates, documents and other papers and information as the L/C Provider may reasonably request on behalf of the L/C
Issuing Bank. Notwithstanding the foregoing sentence, the letter 

  
 13 

 
of credit set forth on Schedule IV hereto shall be deemed a Letter of Credit provided and issued by the L/C Provider hereunder as of the Series 2019-3 Closing Date. Upon receipt of any completed
Application, the L/C Provider will notify the Administrative Agent and the Trustee in writing of the amount, the beneficiary or beneficiaries and the requested expiration of the requested Letter of Credit (which shall comply with
Section 2.07(a) and (i)) and, subject to the other conditions set forth herein and in the Series 2019-3 Supplement and upon receipt of written confirmation from the Administrative Agent (based, with respect to any portion of the
Series 2019-3 Class A-1 Outstanding Subfacility Amount held by any Person other than the Administrative Agent, solely on written notices received by the Administrative Agent under this Agreement) that after giving effect to the requested
issuance, the Series 2019-3 Class A-1 Outstanding Principal Amount would not exceed the Series 2019-3 Class A-1 Notes Maximum Principal Amount (provided that the L/C Provider shall be entitled to rely upon any written statement,
paper or document believed by it to be genuine and correct and to have been signed or sent by the proper Person or Persons of the Administrative Agent for purposes of determining whether the L/C Provider received such prior written confirmation from
the Administrative Agent with respect to any Letter of Credit), the L/C Provider will cause such Application and the certificates, documents and other papers and information delivered in connection therewith to be processed in accordance with the
L/C Issuing Bank’s customary procedures and shall promptly provide the Letter of Credit requested thereby (but in no event shall the L/C Provider be required to provide any Letter of Credit earlier than three Business Days after its receipt of
the Application therefor and all such other certificates, documents and other papers and information relating thereto, as provided in Section 2.07(a)) by issuing the original of such Letter of Credit to the beneficiary or beneficiaries
thereof or as otherwise may be agreed to by the L/C Provider and the applicable Co-Issuer
(or the Co-Issuers). The L/C Provider shall furnish a copy
of such Letter of Credit to the
ManagerManagers and the
Co-Issuers (with a copy to the Administrative Agent) promptly following the issuance thereof. The L/C Provider shall promptly furnish to the Administrative Agent, which shall in turn promptly
furnish to the Funding Agents, the Investors, the Control Party and the Trustee, written notice of the issuance of each Letter of Credit (including the amount thereof). 

(d) The IssuerCo-Issuers shall pay to the L/C Provider the L/C Quarterly Fees (as defined in
the Series 2019-3 Class A-1 Notes Fee Letter, the “L/C Quarterly Fees”) in accordance with the terms of the Series 2019-3 Class A-1 Notes Fee Letter and subject to the Priority of Payments. 

(e) [Reserved]. 
 (f) To the
extent that any provision of any Application related to any Letter of Credit is inconsistent with the provisions of this Article II, the provisions of this Article II shall apply. 

(g) The IssuerCo-Issuers may, upon at least three (3) Business Days’ notice to the
Administrative Agent and the L/C Provider, effect a permanent reduction in the L/C Commitment; provided that any such reduction will be limited to the undrawn portion of the L/C Commitment. If requested by the IssuerCo-Issuers in writing and with the prior written consent of the L/C Provider and the Administrative Agent, the L/C Provider may (but shall not be obligated to) increase the amount of the L/C Commitment; provided that,
after giving effect thereto, the aggregate amount of each of the Series 2019-3 Class A-1 Outstanding Principal Amounts, the Swingline Commitment and the L/C Commitment does not exceed the aggregate Commitment Amounts. 

(h) The L/C Provider shall satisfy its obligations under this Section 2.07 with respect to providing any Letter of Credit
hereunder by issuing such Letter of Credit itself or through an Affiliate if the L/C Issuing Bank Rating Test is satisfied with respect to such Affiliate. If the L/C Issuing Bank Rating Test is not satisfied with respect to such Affiliate, a Person
selected by the IssuerCo-Issuers
(at the expense of the L/C Provider) shall issue such Letter of Credit; provided that such Person and issuance of such Letter of Credit satisfies the L/C Issuing Bank Rating Test (the L/C
Provider (or such Affiliate of the L/C Provider) or such other Person selected by the IssuerCo-Issuers (at the expense of the L/C Provider), in each case in its capacity as
the issuer of such Letter of Credit being referred to as the 

  
 14 

 
“L/C Issuing Bank” with respect to such Letter of Credit). The “L/C Issuing Bank Rating Test” is a test that is satisfied with respect to a Person issuing a
Letter of Credit if the Person is a U.S. commercial bank that has, at the time of the issuance of such Letter of Credit, (i) a short-term certificate of deposit rating of not less than “A-2” (or then equivalent grade) from S&P and
(ii) a long-term unsecured debt rating of not less than “BBB” (or then equivalent grade) from S&P or such other minimum long-term unsecured debt rating as may be reasonably required by the beneficiary or beneficiaries of such
proposed Letter of Credit. 
 (i) The L/C Provider and, if the L/C Provider is not the L/C Issuing Bank for any Letter of Credit, the L/C
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 L/C Provider or the L/C Issuing Bank,
as applicable, from issuing the Letter of Credit, or (ii) any law applicable to the L/C Provider or the L/C Issuing Bank, as applicable, or any request or directive (which request or directive, in the reasonable judgment of the L/C Provider or
the L/C Issuing Bank, as applicable, has the force of law) from any Governmental Authority with jurisdiction over the L/C Provider or the L/C Issuing Bank, as applicable, shall prohibit the L/C Provider or the L/C Issuing Bank, as applicable, from
issuing of letters of credit generally or the Letter of Credit in particular. 

(j) Unless otherwise expressly agreed by the L/C Provider or the L/C Issuing Bank, as applicable, and the IssuerCo-Issuers when a Letter of Credit is issued, the rules of the “International Standby Practices 1998” published by the Institute of International Banking Law & Practice (or such later version thereof as
may be in effect at the time of issuance) shall apply to each standby Letter of Credit issued hereunder. 
 (k) For the avoidance of
doubt, the L/C Commitment shall be a sub-facility limit of the Commitment Amounts and aggregate outstanding L/C Obligations as of any date of determination shall be a component of the Series 2019-3 Class A-1 Outstanding Principal Amount on such
date of determination, pursuant to the definition thereof. 
 (l) If, on the date that is ten Business Days prior to the expiration of any
Interest Reserve Letter of Credit, such Interest Reserve Letter of Credit has not been replaced or renewed and the Issuer hasCo-Issuers have not otherwise deposited funds into the applicable Senior Notes Interest Reserve Account or the applicable Senior Subordinated Notes Interest Reserve Account, as applicable, in
the amounts that would otherwise be required pursuant to the Indenture had such Interest Reserve Letter of Credit not been issued, the IssuerCo-Issuers shall instruct the Control Party to submit a notice of drawing under
such Interest Reserve Letter of Credit and use the proceeds thereof to fund a deposit into the applicable Senior Notes Interest Reserve Account or the applicable Senior Subordinated Notes Interest Reserve Account, as applicable, in an amount equal to the
applicable Senior Notes Interest Reserve Account Deficit Amount or
the applicable Senior Subordinated Notes Interest Reserve Account
Deficit Amount, as applicable, on such date, in each case calculated as if such Interest Reserve Letter of Credit had not been issued. 

(m) If, on any day an Interest Reserve Letter of Credit is outstanding, (i) the short-term debt credit rating of the L/C Issuing Bank
with respect to such Interest Reserve Letter of Credit is withdrawn by S&P or downgraded below “A-2” (or then equivalent grade) or (ii) the long-term debt credit rating of such L/C Issuing Bank is withdrawn by S&P or
downgraded below “BBB” (or then equivalent grade) (each of cases (i) and (ii), an “L/C Downgrade Event”), on the fifth Business Day after the occurrence of such L/C Downgrade Event, the IssuerCo-Issuers shall instruct the Control Party to submit a notice of drawing under each Interest Reserve Letter of Credit issued by such L/C Issuing Bank and use the proceeds thereof to fund a deposit into the applicable Senior Notes Interest Reserve Account or the applicable Senior Subordinated Notes Interest Reserve Account, as applicable, in
an amount equal to the applicable Senior Notes Interest Reserve
Account Deficit Amount or the applicable Senior Subordinated Notes
Interest Reserve Account Deficit Amount, as applicable, on such
date, in each case calculated as if such Interest Reserve Letter(s) of Credit had not been issued. 

  
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 SECTION 2.08 L/C Reimbursement Obligations. 

(a) For the purpose of reimbursing the payment of any draft presented under any Letter of Credit, the Issuer agreesCo-Issuers agree
to pay the L/C Provider, for its own account or for the account of the L/C Issuing Bank, as applicable, not later than five (5) Business Days after the day on which the L/C Provider
notifies the
IssuerCo-Issuers
and the Administrative Agent (and in each case the Administrative Agent shall promptly, and in any event by 4:00 p.m. (New York City time) on the same Business Day as its receipt of the same,
notify the Funding Agents) of the date and the amount of such draft, an amount in Dollars equal to the sum of (i) the amount of such draft so paid (such amount at any time, as reduced by repayments with respect thereto as described below and
amounts repaid with respect thereto pursuant to Section 4.03(b) at or prior to such time, the “L/C Reimbursement Amount”) and (ii) any Non-Excluded Taxes, fees, charges or other costs or expenses, including amounts
payable pursuant to Section 3.02(c) (such amounts at any time, as reduced by repayments with respect thereto as described below and amounts repaid with respect thereto pursuant to Section 4.03(b) at or prior to such time, the
“L/C Other Reimbursement Costs”) incurred by the L/C Issuing Bank in connection with such payment. Outstanding L/C Reimbursement Amounts and outstanding L/C Other Reimbursement Costs may be repaid in accordance with the Priority of
Payments, with the proceeds of any Advance or otherwise. Unless the entire outstanding L/C Reimbursement Amount with respect thereto has been repaid as set forth above, each drawing under any Letter of Credit shall (unless an Event of Bankruptcy
shall have occurred and be continuing with respect to the
IssuerCo-Issuers
or any Guarantor, in which cases the procedures specified in Section 2.09 for funding by Committed Note Purchasers shall apply) constitute a request by the IssuerCo-Issuers to the Administrative Agent and each Funding Agent for a Base Rate Advance pursuant to Section 2.03 in the amount of the outstanding L/C Reimbursement Amount at such time, and the IssuerCo-Issuers shall be deemed to have made such request pursuant to the procedures set forth in Section 2.03. The applicable L/C Other Reimbursement Costs minus, without duplication, any such amounts repaid pursuant
to Section 4.03(b), shall be paid as Class A-1 Notes Other Amounts subject to and in accordance with the Priority of Payments. In the event such request for a Base Rate Advance is deemed to have been given, the applicable Investors
in each Investor Group hereby agree to make Advances in an aggregate amount for each Investor Group equal to such Investor Group’s Commitment Percentage of the outstanding L/C Reimbursement Amount at such time and outstanding L/C Other
Reimbursement Costs at such time to pay the L/C Provider. The Borrowing date with respect to such Borrowing shall be the first date on which a Base Rate Advance could be made pursuant to Section 2.03 if the Administrative Agent had
received a notice of such Borrowing at the time the Administrative Agent receives notice from the L/C Provider of such drawing under such Letter of Credit. Such Investors shall make the amount of such Advances available to the Administrative Agent
in immediately available funds not later than 3:00 p.m. (New York City time) on such Borrowing date and the proceeds of such Advances shall be immediately made available by the Administrative Agent to the L/C Provider for application to the
reimbursement of such drawing. 
 (b) The
IssuerCo-Issuers’s obligations under Section 2.08(a) shall
be absolute and unconditional, and shall be performed strictly in accordance with the terms of this Agreement, under any and all circumstances and irrespective of (i) any setoff, counterclaim or defense to payment that the IssuerCo-Issuers may have or
hashave had against the L/C Provider, the L/C Issuing Bank, any beneficiary of a Letter of Credit or any other Person, (ii) any lack of validity or enforceability of any Letter of Credit or this Agreement, or any
term or provision therein, (iii) payment by the L/C 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, (iv) payment by the L/C Issuing Bank
under a Letter of Credit to any Person purporting to be a trustee in bankruptcy, debtor-in-possession, assignee for the benefit of creditors, liquidator, receiver or other representative of or successor to any beneficiary or any transferee of such
Letter of Credit, including any arising in connection with any proceeding under the Bankruptcy Code or any other liquidation, conservatorship, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency,
reorganization or similar debtor relief laws of any jurisdictions or (v) any other event or circumstance whatsoever, whether or not similar to any of the foregoing, that 

  
 16 

 
might, but for the provisions of this Section 2.08(b), constitute a legal or equitable discharge of, or provide a right of setoff against, the IssuerCo-Issuers’s obligations hereunder. The IssuerCo-Issuers also
agreesagree that the L/C Provider and the L/C Issuing Bank shall not be responsible for, and the IssuerCo-Issuers’s Reimbursement Obligations under Section 2.08(a) shall not be affected by, among other things,
the validity or genuineness of documents or of any endorsements thereon, even though such documents shall in fact prove to be invalid, fraudulent or forged, or any dispute between or among the IssuerCo-Issuers and any beneficiary of any Letter of Credit or any other party to which such Letter of Credit may be transferred or any claims whatsoever of the IssuerCo-Issuers against any beneficiary of such Letter of Credit or any such transferee. Neither the L/C Provider nor the L/C Issuing Bank shall be liable for any error, omission, interruption, loss or delay in transmission,
dispatch or delivery of any message or advice, however transmitted, in connection with any Letter of Credit, except for direct damages (as opposed to consequential damages, claims in respect of which are hereby waived by the IssuerCo-Issuers to the extent permitted by applicable law) caused by errors or omissions found by a final and nonappealable decision of a court of competent jurisdiction to have resulted from the gross negligence or willful
misconduct of the L/C Provider or the L/C Issuing Bank, as the case may be. The Issuer agreesCo-Issuers agree that any action taken or omitted by the L/C Provider or the L/C
Issuing Bank, as the case may be, under or in connection with any Letter of Credit or the related drafts or documents, if done in the absence of gross negligence or willful misconduct and in accordance with the standards of care specified in the UCC
of the State of New York, shall be binding on the
IssuerCo-Issuers
and shall not result in any liability of the L/C Provider or the L/C Issuing Bank to the
IssuerCo-Issuers
. As between the
IssuerCo-Issuers
and the L/C Issuing Bank, the IssuerCo-Issuers hereby assumesassume all risks of the acts or omissions of any beneficiary or transferee with respect to such beneficiary’s or transferee’s use of any Letter of Credit. In furtherance of the foregoing and without limiting
the generality thereof, the Issuer
agreesCo-Issuers agree with the L/C Issuing Bank that, with
respect to documents presented that appear on their face to be in substantial compliance with the terms of a Letter of Credit, the L/C 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. In
connection with each Interest Reserve Letter of Credit, the Trustee as beneficiary shall be entitled to the benefit of every provision of the Base Indenture limiting the liability of or affording rights, benefits, protections, immunities or
indemnities to the Trustee as if they were expressly set forth herein mutatis mutandis. 
 (c) If any draft shall be
presented for payment under any Letter of Credit for which the L/C Provider has Actual Knowledge, the L/C Provider shall promptly notify the ManagerManagers,
 the Control Party, the
IssuerCo-Issuers
and the Administrative Agent of the date and amount thereof. The responsibility of the applicable L/C Issuing Bank to the IssuerCo-Issuers in connection with any draft presented for payment under any Letter of Credit shall, in addition to any payment obligation expressly provided for in such Letter of Credit, be limited to determining that the
documents (including each draft) delivered under such Letter of Credit in connection with such presentment are substantially in conformity with such Letter of Credit and, in paying such draft, such L/C Issuing Bank shall not have any responsibility
to obtain any document (other than any sight draft, certificates and documents expressly required by such Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the authority of any Person(s) executing or
delivering any such document. 
 SECTION 2.09 L/C Participations. 

(a) The L/C Provider (on its behalf and on behalf of each L/C Issuing Bank) irrevocably agrees to grant and hereby grants to each Committed
Note Purchaser, and, to induce the L/C Provider to provide (or cause each L/C Issuing Bank to provide) Letters of Credit hereunder, each Committed Note Purchaser irrevocably and unconditionally agrees to accept and purchase and hereby accepts and
purchases from the L/C Provider (on its behalf and on behalf of each L/C Issuing Bank), on 

  
 17 

 
the terms and conditions set forth below, for such Committed Note Purchaser’s own account and risk an undivided interest equal to its Committed Note Purchaser Percentage of the related
Investor Group’s Commitment Percentage of the L/C Provider’s (or such L/C Issuing Bank’s) obligations and rights under and in respect of each Letter of Credit provided hereunder and the L/C Reimbursement Amount with respect to each
draft paid or reimbursed by the L/C Provider (or such L/C Issuing Bank) in connection therewith. Subject to Section 2.07(c), each Committed Note Purchaser unconditionally and irrevocably agrees with the L/C Provider (on its behalf and on
behalf of each L/C Issuing Bank) that, if a draft is paid under any Letter of Credit for which the L/C Provider (on its behalf and on behalf of each L/C Issuing Bank) is not paid in full by the IssuerCo-Issuers in accordance with the terms of this Agreement, such Committed Note Purchaser shall pay to the Administrative Agent upon demand of the L/C Provider an amount equal to its Committed Note Purchaser Percentage of the
related Investor Group’s Commitment Percentage of the L/C Reimbursement Amount with respect to such draft, or any part thereof, that is not so paid. 

(b) If any amount required to be paid by any Committed Note Purchaser to the Administrative Agent for forwarding to the L/C Provider pursuant
to Section 2.09(a) in respect of any unreimbursed portion of any payment made or reimbursed by the L/C Provider under any Letter of Credit is paid to the Administrative Agent for forwarding to the L/C Provider within three
(3) Business Days after the date such payment is due, such Committed Note Purchaser shall pay to the Administrative Agent for forwarding to the L/C Provider on demand an amount equal to the product of (i) such amount, times
(ii) the daily average Federal Funds Rate during the period from and including the date such payment is required to the date on which such payment is immediately available to the L/C Provider, times (iii) a fraction the
numerator of which is the number of days that elapse during such period and the denominator of which is 360. If any such amount required to be paid by any Committed Note Purchaser pursuant to Section 2.09(a) is not made available
to the Administrative Agent for forwarding to the L/C Provider by such Committed Note Purchaser within three Business Days after the date such payment is due, the L/C Provider shall be entitled to recover from such Committed Note Purchaser, on
demand, such amount with interest thereon calculated from such due date at the Base Rate. A certificate of the L/C Provider submitted to any Committed Note Purchaser with respect to any amounts owing under this Section 2.09(b), in
the absence of manifest error, shall be conclusive and binding on such Committed Note Purchaser. Such amounts payable under this Section 2.09(b) shall be paid without any deduction for any withholding taxes. 

(c) Whenever, at any time after payment has been made under any Letter of Credit and the L/C Provider has received from any Committed Note
Purchaser its pro rata share of such payment in accordance with Section 2.09(a), the Administrative Agent or the L/C Provider receives any payment related to such Letter of Credit (whether directly from the IssuerCo-Issuers or otherwise, including proceeds of collateral applied thereto by the L/C Provider), or any payment of interest on account thereof, the Administrative Agent or the L/C Provider, as the case may be, will distribute
to such Committed Note Purchaser its pro rata share thereof; provided, however, that in the event that any such payment received by the Administrative Agent or the L/C Provider, as the case may be, shall be required to be
returned by the Administrative Agent or the L/C Provider, such Committed Note Purchaser shall return to the Administrative Agent for the account of the L/C Provider the portion thereof previously distributed by the Administrative Agent or the L/C
Provider, as the case may be, to it. 
 (d) Each Committed Note Purchaser’s obligation to make the Advances referred to in
Section 2.08(a) and to pay its pro rata share of any unreimbursed draft pursuant to Section 2.09(a) shall be absolute and unconditional and shall not be affected by any circumstance, including
(i) any setoff, counterclaim, recoupment, defense or other right that such Committed Note Purchaser or the IssuerCo-Issuers may have against the L/C Provider, any L/C Issuing Bank, the IssuerCo-Issuers or any other Person for any reason whatsoever; (ii) the occurrence or continuance of a Default or an Event of Default or the failure to satisfy any of the other conditions specified in Article VII
other than at the time the related Letter of Credit was issued; (iii) an adverse change in the condition (financial or otherwise) of 

  
 18 

 
the
IssuerCo-Issuers; (iv) any breach of this Agreement or any other Indenture Document by the IssuerCo-Issuers or any other Person; (v) any amendment, renewal or extension of
any Letter of Credit in compliance with this Agreement or with the terms of such Letter of Credit, as applicable; or (vi) any other circumstance, happening or event whatsoever, whether or not similar to any of the foregoing. 

ARTICLE III 
 INTEREST AND FEES

 SECTION 3.01 Interest. 

(a) To the extent that an Advance is funded or maintained by a Conduit Investor through the issuance of Commercial Paper, such Advance shall
bear interest at the CP Rate applicable to such Conduit Investor. To the extent that, and only for so long as, an Advance is funded or maintained by a Conduit Investor through means other than the issuance of Commercial Paper (based on its
determination in good faith that it is unable to raise or is precluded or prohibited from raising, or that it is not advisable to raise, funds through the issuance of Commercial Paper in the commercial paper market of the United States to finance
its purchase or maintenance of such Advance or any portion thereof (which determination may be based on any allocation method employed in good faith by such Conduit Investor), including by reason of market conditions or by reason of insufficient
availability under any of its Program Support Agreement or the downgrading of any of its Program Support Providers), such Advance shall bear interest at (i) the Base Rate or (ii) if the required notice has been given pursuant to
Section 3.01(b) with respect to such Advance, for any Eurodollar Interest Accrual Period, the Eurodollar Rate applicable to such Eurodollar Interest Accrual Period for such Advance, in each case except as otherwise provided in the
definition of Eurodollar Interest Accrual Period or in Section 3.03 or 3.04. Each Advance funded or maintained by a Committed Note Purchaser or a Program Support Provider shall bear interest at (i) the Base Rate or
(ii) if the required notice has been given pursuant to Section 3.01(b) with respect to such Advance, for any Eurodollar Interest Accrual Period, the Eurodollar Rate applicable to such Eurodollar Interest Accrual Period for
such Advance, in each case except as otherwise provided in the definition of Eurodollar Interest Accrual Period or in Section 3.03 or 3.04. By (x) 11:00 a.m. (New York City time) on the second Business Day preceding each
Quarterly Calculation Date, each Funding Agent shall notify the Administrative Agent of the applicable CP Rate for each Advance made by its Investor Group that was funded or maintained through the issuance of Commercial Paper and was outstanding
during all or any portion of the Interest Accrual Period ending immediately prior to such Quarterly Calculation Date and (y) 3:00 p.m. (New York City time) on the second Business Day preceding each Quarterly Calculation Date, the Administrative
Agent shall notify the
IssuerCo-Issuers, the
ManagerManagers
, the Trustee, the Servicer and the Funding Agents of such applicable CP Rate and of the applicable interest rate for each other Advance for such Interest Accrual Period and of the amount of interest accrued
on Advances during such Interest Accrual Period. 
 (b) With respect to any Advance (other than one funded or maintained by a
Conduit Investor through the issuance of Commercial Paper), so long as no Potential Rapid Amortization Event, Rapid Amortization Period or Event of Default has commenced and is continuing, the IssuerCo-Issuers may elect that such Advance bear interest at the Eurodollar Rate for any Eurodollar Interest Accrual Period (which shall be a period with a term of, at the election of the IssuerCo-Issuers subject to the proviso in the definition of Eurodollar Interest Accrual Period, one month, two months, three months or six months) while such Advance is outstanding to the extent provided in
Section 3.01(a) by giving notice thereof (including notice of the IssuerCo-Issuers’s election of the term for the applicable Eurodollar Interest Accrual Period) to the Funding Agents prior to 12:00
p.m. (New York City time) on the date which is two (2) Eurodollar Business Days prior to the commencement of such Eurodollar Interest Accrual Period. If such notice is not given in a timely manner, such Advance shall bear interest at the Base
Rate. Each such conversion to or continuation of Eurodollar Advances for a new Eurodollar Interest Accrual Period in accordance with this Section 3.01(b) shall be in an aggregate principal amount of $500,000 or an integral
multiple of $50,000 in excess thereof. 

  
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 (c) Any outstanding Swingline Loans and Unreimbursed L/C Drawings shall bear interest at
the Base Rate. By (x) 11:00 a.m. (New York City time) on the second Business Day preceding each Quarterly Calculation Date, the Swingline Lender shall notify the Administrative Agent in reasonable detail of the amount of interest accrued on any
Swingline Loans during the Interest Accrual Period ending on such date and the L/C Provider shall notify the Administrative Agent in reasonable detail of the amount of interest accrued on any Unreimbursed L/C Drawings during such Interest Accrual
Period and the amount of fees accrued on any Undrawn L/C Face Amounts during such Interest Accrual Period and (y) 3:00 p.m. on such date, the Administrative Agent shall notify the Servicer, the Trustee, the IssuerCo-Issuers and the
ManagerManagers
of the amount of such accrued interest and fees as set forth in such notices. 

(d) All accrued interest pursuant to Section 3.01(a) or (c) shall be due and payable in arrears on each
Quarterly Payment Date in accordance with the applicable provisions of the Indenture. 
 (e) In addition, under the circumstances set forth
in Section 3.4 of the Series 2019-3 Supplement, the
IssuerCo-Issuers shall pay quarterly interest in respect of the Series 2019-3 Class A-1 Outstanding Principal Amount in an amount equal to the Series 2019-3 Class A-1 Post-Renewal Date Additional Interest payable
pursuant to such Section 3.4 subject to and in accordance with the Priority of Payments. 
 (f) All computations of
interest at the CP Rate and the Eurodollar Rate, all computations of Series 2019-3 Class A-1 Post-Renewal Date Additional Interest (other than any accruing on any Base Rate Advances) and all computations of fees shall be made on the basis of a
year of 360 days and the actual number of days elapsed. All computations of interest at the Base Rate and all computations of Series 2019-3 Class A-1 Post-Renewal Date Additional Interest accruing on any Base Rate Advances shall be made on the
basis of a 365 (or 366, as applicable) day year and actual number of days elapsed. Whenever any payment of interest, principal or fees hereunder shall be due on a day other than a Business Day, such payment shall be made on the next succeeding
Business Day unless specified otherwise in the Indenture and such extension of time shall be included in the computation of the amount of interest owed. Interest shall accrue on each Advance, Swingline Loan and Unreimbursed L/C Drawing from and
including the day on which it is made to but excluding the date of repayment thereof. 
 (g) For purposes of the Series 2019-3
Class A-1 Notes, “Interest Accrual Period” means a period commencing on and including the day that is two (2) Business Days prior to a Quarterly Calculation Date and ending on but excluding the day that is two (2) Business
Days prior to the next succeeding Quarterly Calculation Date. 
 SECTION 3.02 Fees. 

(a) The IssuerCo-Issuers shall pay to the Administrative Agent for its own account the
Administrative Agent Fees (as defined in the Series 2019-3 Class A-1 Notes Fee Letter, collectively, the “Administrative Agent Fees”) in accordance with the terms of the Series 2019-3 Class A-1 Notes Fee Letter and subject
to the Priority of Payments. 
 (b) On each Quarterly Payment Date on or prior to the Commitment Termination Date, the IssuerCo-Issuers shall, in accordance with Section 4.01, pay to each Funding Agent, for the account of the related Committed Note Purchaser(s), the Undrawn Commitment Fees (as defined in the Series 2019-3
Class A-1 Notes Fee Letter, the “Undrawn Commitment Fees”) in accordance with the terms of the Series 2019-3 Class A-1 Notes Fee Letter and subject to the Priority of Payments. 

  
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 (c) The
IssuerCo-Issuers shall pay (i) the fees required pursuant to Section 2.07 in respect of Letters of Credit and (ii) any other fees set forth in the Series 2019-3 Class A-1 Notes Fee Letter (including,
without limitation, the Class A-1 Notes Upfront Fee and any Extension Fees (in each case as defined in the Series 2019-3 Class A-1 Notes Fee Letter)), subject to the Priority of Payments. 

(d) All fees payable pursuant to this Section 3.02 shall be calculated in accordance with Section 3.01(f) and
paid on the date due in accordance with the applicable provisions of the Indenture. Once paid, all fees shall be nonrefundable under all circumstances other than manifest error. 

SECTION 3.03 Eurodollar Lending Unlawful. If any Investor or Program Support Provider shall determine that any Change in Law makes it
unlawful, or any Official Body asserts that it is unlawful, for any such Person to fund or maintain any Advance as a Eurodollar Advance, the obligation of such Person to fund or maintain any such Advance as a Eurodollar Advance shall, upon such
determination, forthwith be suspended until such Person shall notify the Administrative Agent, the related Funding Agent, the ManagerManagers and the IssuerCo-Issuers that the circumstances causing such suspension no longer exist, and all then-outstanding Eurodollar Advances of such Person shall be automatically converted into Base Rate Advances at the end of the then-current
Eurodollar Interest Accrual Period with respect thereto or sooner, if required by such law or assertion. 
 SECTION 3.04 Deposits
Unavailable. If the Administrative Agent shall have determined that: 
 (a) by reason of circumstances affecting the relevant market,
adequate and reasonable means do not exist for ascertaining the interest rate applicable hereunder to the Eurodollar Advances; or 
 (b)
with respect to any interest rate otherwise applicable hereunder to any Eurodollar Advances the Eurodollar Interest Accrual Period for which has not then commenced, Investor Groups holding in the aggregate more than 50% of the Eurodollar Advances
have determined that such interest rate will not adequately reflect the cost to them of funding, agreeing to fund or maintaining such Eurodollar Advances for such Eurodollar Interest Accrual Period, 

then, upon notice from the Administrative Agent (which, in the case of clause (b) above, the Administrative Agent shall give upon
obtaining actual knowledge that such percentage of the Investor Groups have so determined) to the Funding Agents, the ManagerManagers and the IssuerCo-Issuers
, the obligations of the Investors to fund or maintain any Advance as a Eurodollar Advance after the end of the then-current Eurodollar Interest Accrual Period, if any, with respect thereto shall forthwith be suspended and on the date
such notice is given such Advances will convert to Base Rate Advances until the Administrative Agent has notified the Funding Agents and the
IssuerCo-Issuers
that the circumstances causing such suspension no longer exist. 
 If at any time the Administrative Agent determines (which
determination shall be conclusive absent manifest error) that (i) the circumstances set forth in Section 3.04 (a) or (b) have arisen and such circumstances are unlikely to be temporary or (ii) the
circumstances set forth in Section 3.04 (a) or (b) have not arisen but the supervisor for the administrator referred to in the definition of “Eurodollar Funding Rate” or a Governmental Authority having
jurisdiction over the Administrative Agent has made a public statement identifying a specific date after which the Eurodollar Funding Rate shall no longer be used for determining interest rates for loans, then the Administrative Agent and the IssuerCo-Issuers shall endeavor to establish an alternate rate of interest to the
Eurodollar Funding Rate (any such proposed rate, a “LIBOR Successor Rate”) that gives due consideration to the then prevailing market convention for determining a rate of interest for syndicated loans in the United States at such
time, and shall enter into an amendment to this Agreement to reflect such alternate rate of interest and such other related 

  
 21 

 
changes to this Agreement as may be applicable, including LIBOR Successor Rate Conforming Changes (as defined below); provided, that (i) if such alternate rate of interest shall be less than
zero, such rate shall be deemed to be zero for the purposes of this Agreement and (ii) any LIBOR Successor Rate proposed by the Administrative Agent shall be no less favorable to the IssuerCo-Issuers than comparable successor rates applied to other similarly situated issuers or borrowers under syndicated loan facilities and/or applied under other facilities under which the Administrative Agent functions in a
similar capacity. Notwithstanding anything to the contrary in Section 9.01, such amendment shall become effective without any further action or consent of any other party to this Agreement so long as the Administrative Agent shall not
have received, within five (5) Business Days of the date notice of such LIBOR Successor Rate is provided to Investor Groups, written notice from the Investor Groups holding more than (i) if no single Investor Group holds more than 50% of
the Commitments, 50% of the Commitments or (ii) if a single Investor Group holds more than 50% of the Commitments, two thirds of the Commitments; provided that the Commitment of any Defaulting Investor shall be disregarded in the
determination of whether such threshold percentage of Commitments has been met (“Required Investor Groups”) (or, in the event there are only two Investor Groups, any one of such Investor Groups) stating that such Required Investor
Groups reasonably object to such amendment. 
 “LIBOR Successor Rate Conforming Changes” means, with respect to any
proposed LIBOR Successor Rate, any conforming changes to the definitions (and components thereof) and provisions relating to interest herein and in the Series 2019-3 Supplement, including, the definition of “Base Rate”, “CP Funding
Rate”, “Eurodollar Rate”, “Eurodollar Advance”, “Eurodollar Business Day”, “Eurodollar Funding Rate”, “Eurodollar Funding Rate (Reserve Adjusted)”, “Eurodollar Reserve Percentage”,
“Eurodollar Tranche”, “Series 2019-3 Class A-1 Note Rate”, “Eurodollar Interest Accrual Period”, timing and frequency of determining rates and making payments of interest and other administrative matters as may be
appropriate, in the discretion of the Administrative Agent, to reflect the adoption of such LIBOR Successor Rate and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if
the Administrative Agent determines that adoption of any portion of such market practice is not administratively feasible or that no market practice for the administration of such LIBOR Successor Rate exists, in such other manner of administration
as the Administrative Agent determines in consultation with the
IssuerCo-Issuers). 
 SECTION 3.05 Increased Costs, etc. The Issuer agreesCo-Issuers agree
to reimburse each Investor and any Program Support Provider (each, an “Affected Person”, which term, for purposes of Sections 3.07 and 3.08, shall also include
the Swingline Lender and the L/C Issuing Bank) for any increase in the cost of, or any reduction in the amount of any sum receivable by any such Affected Person, including reductions in the rate of return on such Affected Person’s capital, in
respect of funding or maintaining (or of its obligation to fund or maintain) any Advances that arise in connection with any Change in Law which 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 Affected Person (except any such reserve requirement reflected in the Eurodollar Rate); or 

(ii) impose on any Affected Person or the London interbank market any other condition affecting this Agreement or Eurodollar
Advances made by such Affected Person or any Letter of Credit or participation therein; 
 except for such Changes in Law with respect to Increased Capital
Costs and Class A-1 Taxes which shall be governed by Sections 3.07 and 3.08, respectively (whether or not amounts are payable thereunder in respect thereof). For purposes of this Agreement, (x) the Dodd-Frank Wall Street
Reform and Consumer Protection Act and all regulations, requests, guidelines or directives issued in connection therewith and (y) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel
Committee on Banking Supervision (or any successor or similar authority) or the United States or 

  
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foreign regulatory authorities, in each case, pursuant to Basel III, are deemed to have gone into effect and been adopted subsequent to the date hereof. Each such demand shall be provided to the
related Funding Agent and the
IssuerCo-Issuers in writing and shall state, in reasonable detail, the reasons therefor and the additional amount required fully to compensate such Affected Person for such increased costs or reduced amount of return; provided
that any such demand claiming reimbursement for increased costs resulting from a Change in Law described in clause (x) or (y) above shall, in addition, state the basis upon which such amount has been calculated and certify that such
Affected Person’s method of allocating such costs is fair and reasonable and that such Affected Person’s demand for payment of such costs hereunder, and such method of allocation, is not inconsistent with its treatment of other borrowers
which, as a credit matter, are substantially similar to the
IssuerCo-Issuers
and which are subject to similar provisions. Such additional amounts (“Increased Costs”) shall be deposited into the applicable Collection Account by the IssuerCo-Issuers within ten (10) Business Days of receipt of such notice to be payable as Series 2019-3 Class A-1 Notes Other Amounts, subject to and in accordance with the Priority of Payments, to the Administrative
Agent and by the Administrative Agent to such Funding Agent and by such Funding Agent directly to such Affected Person, and such notice shall, in the absence of manifest error, be conclusive and binding on the IssuerCo-Issuers; provided that with respect to any notice given to the IssuerCo-Issuers under this Section 3.05 the IssuerCo-Issuers shall not be under any obligation to pay any amount with respect to any period prior to the date that is 180 days prior to such demand; provided further that if the Change in Law giving rise to such
Increased Costs is retroactive, then the 180 day period referred to above shall be extended to include the period of retroactive effect thereof. 

SECTION 3.06 Funding Losses. In the event any Affected Person shall incur any loss or expense (including any loss or expense incurred
by reason of the liquidation or reemployment of deposits or other funds acquired by such Affected Person to fund or maintain any portion of the principal amount of any Advance as a Eurodollar Advance) as a result of: 

(a) any conversion, repayment, prepayment or redemption (for any reason, including, without limitation, as a result of any Decrease or the
acceleration of the maturity of such Eurodollar Advance) of the principal amount of any Eurodollar Advance on a date other than the scheduled last day of the Eurodollar Interest Accrual Period applicable thereto; 

(b) any Advance not being funded or maintained as a Eurodollar Advance after a request therefor has been made in accordance with the terms
contained herein (for a reason other than the failure of such Affected Person to make an Advance after all conditions thereto have been met); or 

(c) any failure of the IssuerCo-Issuers to make a Decrease, prepayment or redemption with respect to any
Eurodollar Advance after giving notice thereof pursuant to the applicable provisions of the Series 2019-3 Supplement; 
 then, upon the written
notice of any Affected Person to the related Funding Agent and the
IssuerCo-Issuers, the
IssuerCo-Issuers
shall deposit into the applicable Collection Account (within ten (10) Business Days of receipt of such notice) to be payable as Series 2019-3 Class A-1 Notes Other Amounts, subject to and in accordance with the Priority of Payments, to
the Administrative Agent and by the Administrative Agent to such Funding Agent and such Funding Agent shall pay directly to such Affected Person such amount (“Breakage Amount” or “Series 2019-3 Class A-1 Breakage
Amount”) as will (in the reasonable determination of such Affected Person) reimburse such Affected Person for such loss or expense; With respect to any notice given to the IssuerCo-Issuers under this Section 3.06 the
IssuerCo-Issuers
shall not be under any obligation to pay any amount with respect to any period prior to the date that is 180 days prior to such notice. Such written notice (which shall include calculations in
reasonable detail) shall, in the absence of manifest error, be conclusive and binding on the IssuerCo-Issuers. 

  
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 SECTION 3.07 Increased Capital or Liquidity Costs. If any Change in Law affects or
would affect the amount of capital or liquidity required or reasonably expected to be maintained by any Affected Person or any Person controlling such Affected Person and such Affected Person determines in its sole and absolute discretion that the
rate of return on its or such controlling Person’s capital as a consequence of its commitment hereunder or under a Program Support Agreement or the Advances, Swingline Loans or Letters of Credit made or issued by such Affected Person is reduced
to a level below that which such Affected Person or such controlling Person would have achieved but for the occurrence of any such circumstance, then, in any such case after notice from time to time by such Affected Person (or in the case of an L/C
Issuing Bank, by the L/C Provider) to the related Funding Agent and the
IssuerCo-Issuers (or, in the case of the Swingline Lender or the L/C Provider, to the IssuerCo-Issuers), the IssuerCo-Issuers shall deposit into the applicable
Collection Account within ten (10) Business Days of the IssuerCo-Issuers’s receipt of such notice, to be payable as Series 2019-3 Class A-1 Notes Other Amounts, subject to and in
accordance with the Priority of Payments, to the Administrative Agent and by the Administrative Agent to such Funding Agent (or, in the case of the Swingline Lender or the L/C Provider, directly to such Person) and such Funding Agent shall pay to
such Affected Person, such amounts (“Increased Capital Costs”) as will be sufficient to compensate such Affected Person or such controlling Person for such reduction in rate of return; provided that with respect to any notice
given to the
IssuerCo-Issuers
under this Section 3.07 the IssuerCo-Issuers shall not be under any obligation to pay any amount with respect to
any period prior to the date that is 180 days prior to such notice; provided further that if the Change in Law giving rise to such Increased Capital Costs is retroactive, then the 180 day period referred to above shall be extended to
include the period of retroactive effect thereof. A statement of such Affected Person as to any such additional amount or amounts (including calculations thereof in reasonable detail), in the absence of manifest error, shall be conclusive and
binding on the
IssuerCo-Issuers
. In determining such additional amount, such Affected Person may use any method of averaging and attribution that it (in its reasonable discretion) shall deem applicable so long as it applies such method to
other similar transactions. For purposes of this Agreement, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all regulations, requests, guidelines or directives issued in connection therewith and (ii) all requests,
rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case, pursuant
to Basel III, are deemed to have gone into effect and been adopted subsequent to the date hereof. 
 SECTION 3.08 Taxes. 

(a) Except as otherwise required by law, all payments by the
IssuerCo-Issuers of principal of, and interest on, the Advances, the Swingline Loans and the L/C Obligations and all other amounts payable hereunder (including fees) shall be made free and clear of and without deduction or
withholding for or on account of any present or future income, excise, documentary, property, stamp or franchise taxes and other taxes, fees, duties, withholdings or other charges in the nature of a tax imposed by any taxing authority including all
interest, penalties or additions to tax and other liabilities with respect thereto (all such taxes, fees, duties, withholdings and other charges, and including all interest, penalties or additions to tax and other liabilities with respect thereto,
being called “Class A-1 Taxes”), but excluding in the case of any Affected Person (i) net income, franchise (imposed in lieu of net income) or similar Class A-1 Taxes (and including branch profits or alternative minimum
Class A-1 Taxes) and any other Class A-1 Taxes imposed or levied on the Affected Person as a result of a connection between the Affected Person and the jurisdiction of the governmental authority imposing such Class A-1 Taxes or any
political subdivision or taxing authority thereof or therein (other than any such connection arising solely from such Affected Person having executed, delivered or performed its obligations or received a payment under, or enforced, this Agreement or
any other Transaction Document), (ii) with respect to any Affected Person organized under the laws of, or having its principal office or, in the case of any Lender, its applicable lending office located in a jurisdiction other than the United
States or any state of the United States (a “Foreign Affected Person”), any withholding tax that is imposed on amounts payable to the Foreign Affected Person at the time the Foreign Affected Person becomes a party to this Agreement
(or 

  
 24 

 
designates a new lending office), except to the extent that such Foreign Affected Person (or its assignor, if any) was already entitled, at the time of the designation of the new lending office
(or assignment), to receive additional amounts from the
IssuerCo-Issuers with respect to withholding tax, (iii) any taxes imposed under FATCA, (iv) any backup withholding tax
and, (v) any Class A-1 Taxes imposed as a result
of such Affected Person’s failure to comply with Section 3.08(d) and (vi) any Canadian withholding Taxes
imposed on a payment to an Affected Person by reason of such Affected Person or the beneficial owner of such payment, at any relevant time (A) not dealing at arm’s length (within the meaning of the Income Tax Act (Canada)) with the
Co-Issuer or (B) being a “specified shareholder” of the Co-Issuer (as defined in subsection 18(5) of the Income Tax Act (Canada)) or not dealing at arm’s length with a specified shareholder of the Co-Issuer (other than where the
non-arm’s length relationship arises, or where the Affected Person or beneficial owner is a “specified non-resident shareholder”, or does not deal at arm’s length with the “specified shareholder” solely as a result of
the Affected Person or beneficial owner having become party to, received or perfected a security interest under or received or enforced any rights under, any Transaction Document) (such
Class A-1 Taxes not excluded by (i),(ii), (iii), (iv)
and, (v) and (vi) above being called “Non-Excluded Taxes”). If any
Class A-1 Taxes are imposed and required by law to be withheld or deducted from any amount payable by the IssuerCo-Issuers hereunder to an Affected Person, then (x) if such Class A-1
Taxes are Non-Excluded Taxes, the amount of the payment shall be increased so that such payment is made, after withholding or deduction for or on account of such Non-Excluded Taxes, in an amount that is not less than the amount equal to the sum that
would have been received by the Affected Person had no such deduction or withholding been required and (y) the IssuerCo-Issuers shall withhold the amount of such Class A-1 Taxes from such
payment (as increased, if applicable, pursuant to the preceding clause (x)) and shall pay such amount, subject to and in accordance with the Priority of Payments, to the taxing authority imposing such Class A-1 Taxes in accordance with
applicable law. 
 (b) Moreover, if any Non-Excluded Taxes are directly asserted against any Affected Person or its agent with
respect to any payment received by such Affected Person or its agent from the
IssuerCo-Issuers or otherwise in respect of any Transaction Document or the transactions contemplated therein, such Affected Person or its agent may pay such Non-Excluded Taxes and the IssuerCo-Issuers will, within five (5) Business Days of the IssuerCo-Issuers’s receipt of written notice stating the amount of such Non-Excluded Taxes (including the calculation thereof in
reasonable detail), deposit into the applicable Collection Account,
to be distributed as Series 2019-3 Class A-1 Notes Other Amounts, subject to and in accordance with the Priority of Payments, to the Administrative Agent and by the Administrative Agent to the applicable Funding Agent (or, in the case such
affected person is the Swingline Lender or the L/C Provider, directly to such Person) and such Funding Agent shall pay to such Affected Person, such additional amounts (collectively, “Increased Tax Costs,” which term shall include
all amounts payable by or on behalf of the
IssuerCo-Issuers
pursuant to this Section 3.08) as is necessary in order that the net amount received by such Affected Person or agent after the payment of such Non-Excluded Taxes (including any
Non-Excluded Taxes on such Increased Tax Costs) shall equal the amount such Person would have received had no such Non-Excluded Taxes been asserted. Any amount payable to an Affected Person under this Section 3.08 shall be reduced by,
and Increased Tax Costs shall not include, the amount of incremental damages (including Class A-1 Taxes) due or payable by the IssuerCo-Issuers as a direct result of such Affected Person’s failure to demand
from the IssuerCo-Issuers
additional amounts pursuant to this Section 3.08 within 180 days from the date on which the related Non-Excluded Taxes were incurred. 

(c) As promptly as practicable after the payment of any Class A-1 Taxes, and in any event within thirty (30) days of any such
payment being due, the
IssuerCo-Issuers shall furnish to each applicable Affected Person or its agents a certified copy of an official receipt (or other documentary evidence satisfactory to such Affected Person and agents) evidencing the payment of such
Class A-1 Taxes. If the Issuer
failsCo-Issuers fail to pay any Class A-1 Taxes when
due to the appropriate taxing authority or
failsfail to remit to the Affected Persons or their agents the required receipts (or such other 

  
 25 

 
documentary evidence), the
IssuerCo-Issuers shall indemnify (by depositing such amounts into the applicable Collection Account, to be distributed subject to and in accordance with the Priority of Payments) each Affected Person and its agents for any Non-Excluded Taxes that may become payable by any such Affected Person
or its agents as a result of any such failure. 
 (d) Each Affected Person on or prior to the date it becomes a party to this
Agreement (and from time to time thereafter as soon as practicable after the obsolescence, expiration or invalidity of any form or document previously delivered) or within a reasonable period of time following a written request by the Administrative
Agent or the
IssuerCo-Issuers, shall deliver to the
IssuerCo-Issuers
and the Administrative Agent a United States Internal Revenue Service Form W-8BEN, Form W-8BEN-E, Form W-8ECI, Form W-8IMY or Form W-9, as applicable, or applicable successor form, or such
other forms or documents (or successor forms or documents), appropriately completed and executed, as may be applicable and as will permit the
IssuerCo-Issuers
or the Administrative Agent, in their reasonable determination, to establish the extent to which a payment to such Affected Person is exempt from or eligible for a reduced rate of withholding
or deduction of United States federal withholding taxes and to determine whether or not such Affected Person is subject to backup withholding or information reporting requirements. Promptly following the receipt of a written request by the IssuerCo-Issuers or the Administrative Agent, each Affected Person shall deliver to the IssuerCo-Issuers and the Administrative Agent any other forms or documents (or
successor forms or documents) appropriately completed and executed, as may be applicable to establish the extent to which a payment to such Affected Person is exempt from withholding or deduction of Non-Excluded Taxes other than United States
federal withholding taxes, including but not limited to, such information necessary to claim the benefits of the exemption for portfolio interest under Section 881(c) of the Code. The IssuerCo-Issuers shall not be required to pay any increased amount under Section 3.08(a) or Section 3.08(b) to an Affected Person in respect of the withholding or deduction of United States federal
withholding taxes or other Non-Excluded Taxes imposed as the result of the failure or inability (other than as a result of a Change in Law) of such Affected Person to comply with the requirements set forth in this Section 3.08(d). The
IssuerCo-Issuers
may rely on any form or document provided pursuant to this Section 3.08(d) until notified otherwise by the Affected Person that delivered such form or document. Notwithstanding
anything to the contrary, no Affected Person shall be required to deliver any documentation that it is not legally eligible to deliver as a result of a change in applicable law after the time the Affected Person becomes a party to this Agreement (or
designates a new lending office). 
 (e) If a payment made to an Affected Person pursuant to this Agreement would be subject to
United States federal withholding tax imposed by FATCA if such Affected Person were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such
Affected Person shall deliver to the
IssuerCo-Issuers and the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the
IssuerCo-Issuers
or the Administrative Agent such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably
requested by the
IssuerCo-Issuers
or the Administrative Agent as may be necessary for the IssuerCo-Issuers and the Administrative Agent to comply with their obligations under
FATCA and to determine that such Affected Person has complied with such Affected Person’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (e), “FATCA”
shall include any amendments made to FATCA after the date of this Agreement. 
 (f) Prior to the Series 2019-3 Closing Date, the
Administrative Agent will provide the Issuer with a properly executed and completed U.S. Internal Revenue Service Form W-8IMY or W-9, as appropriate. 

  
 26 

 (g) If an Affected Person determines, in its sole reasonable discretion, that it has
received a refund of any Non-Excluded Taxes as to which it has been indemnified pursuant to this Section 3.08 or as to which it has been paid additional amounts pursuant to this Section 3.08, it shall promptly notify the IssuerCo-Issuers and the ManagerManagers in writing of such refund and shall, within 30 days after receipt of a written request from the IssuerCo-Issuers, pay over such refund to the
IssuerCo-Issuers
(but only to the extent of indemnity payments made or additional amounts paid to such Affected Person under this Section 3.08 with respect to the Non-Excluded Taxes giving rise to
such refund), net of all out-of-pocket expenses (including the net amount of Class A-1 Taxes, if any, imposed on or with respect to such refund or payment) of the Affected Person and without interest (other than any interest paid by the
relevant taxing authority that is directly attributable to such refund of such Non-Excluded Taxes); provided that the IssuerCo-Issuers, immediately upon the request of the Affected Person (which
request shall include a calculation in reasonable detail of the amount to be repaid), agreesagree to repay the amount of the refund (and any applicable interest) (plus any
penalties, interest or other charges imposed by the relevant taxing authority with respect to such amount) to the Affected Person in the event the Affected Person or any other Person is required to repay such refund to such taxing authority. This
Section 3.08 shall not be construed to require the Affected Person to make available its tax returns (or any other information relating to its Class A-1 Taxes that it deems confidential) to the IssuerCo-Issuers or any other Person. 
 (h) If any Governmental Authority asserts that the IssuerCo-Issuers or the Administrative Agent or other withholding agent did not
properly withhold or backup withhold, as the case may be, any Class A-1 Taxes from payments made to or for the account of any Affected Person, then to the extent such improper withholding or backup withholding was directly caused by such
Affected Person’s actions or inactions, such Affected Person shall indemnify the IssuerCo-Issuers,
 Trustee and the Administrative Agent for any Class A-1 Taxes imposed by any jurisdiction on the amounts payable to the IssuerCo-Issuers and the Administrative Agent under this Section 3.08, and costs and expenses (including attorney costs) of the
IssuerCo-Issuers
, Trustee and the Administrative Agent. The obligation of the Affected
Persons, severally, under this Section 3.08 shall survive any assignment of rights by, or the replacement of, an Affected Person or the termination of the aggregate Commitments, repayment of all other Obligations hereunder and the resignation
of the Administrative Agent. 
 (i) The Administrative Agent, Trustee or any other withholding agent may deduct and withhold any
Class A-1 Taxes required by any laws to be deducted and withheld from any payments. 
 SECTION 3.09 Change of Lending Office.
Each Committed Note Purchaser agrees that, upon the occurrence of any event giving rise to the operation of Section 3.05 or 3.07 or the payment of additional amounts to it under Section 3.08(a) or
(b) with respect to such Committed Note Purchaser, it will, if requested by the IssuerCo-Issuers, use reasonable efforts (subject to overall policy considerations of
such Committed Note Purchaser) to designate another lending office for any Advances affected by such event with the object of avoiding the consequences of such event; provided that such designation is made on terms that, in the sole judgment
of such Committed Note Purchaser, cause such Committed Note Purchaser and its lending office(s) or its related Conduit Investor to suffer no economic, legal or regulatory disadvantage; and provided, further, that nothing in this
Section 3.09 shall affect or postpone any of the obligations of the IssuerCo-Issuers or the rights of any Committed Note Purchaser pursuant to Section 3.05, 3.07 and 3.08. If a Committed Note Purchaser notifies the IssuerCo-Issuers in writing that such Committed Note Purchaser will be unable to
designate another lending office, the IssuerCo-Issuers may replace every member (but not any subset thereof) of such
Committed Note Purchaser’s entire Investor Group by giving written notice to each member of such Investor Group and the Administrative Agent designating one or more Persons that are willing and able to purchase each member of such Investor
Group’s rights and obligations under this Agreement for a purchase price that with respect to each such member of such Investor Group will equal the amount owed to each such member of such Investor Group with respect to the Series 2019-3
Class A-1 Advance Notes (whether arising under the Indenture, this Agreement, the Series 2019-3 Class A-1 Advance Notes or otherwise). Upon receipt of such written notice, each member of such Investor Group shall assign its rights and
obligations under this 

  
 27 

 
Agreement pursuant to and in accordance with Sections 9.17(a), (b) and (c), as applicable, in consideration for such purchase price and at the reasonable expense
of the IssuerCo-Issuers
(including, without limitation, the reasonable documented fees and out-of-pocket expenses of counsel to each such member); provided, however, that no member of such Investor
Group shall be obligated to assign any of its rights and obligations under this Agreement if the purchase price to be paid to such member is not at least equal to the amount owed to such member with respect to the Series 2019-3 Class A-1
Advance Notes (whether arising under the Indenture, this Agreement, the Series 2019-3 Class A-1 Advance Notes or otherwise). 

ARTICLE IV 
 OTHER PAYMENT TERMS

 SECTION 4.01 Time and Method of Payment. Except as otherwise provided in Section 4.02, all amounts payable to any
Funding Agent or Investor hereunder or with respect to the Series 2019-3 Class A-1 Advance Notes shall be made to the Administrative Agent for the benefit of the applicable Person, by wire transfer of immediately available funds in Dollars not
later than 1:00 p.m. (New York City time) on the date due. The Administrative Agent will promptly, and in any event by 5:00 p.m. (New York City time) on the same Business Day as its receipt or deemed receipt of the same, distribute to the applicable
Funding Agent for the benefit of the applicable Person, or upon the order of the applicable Funding Agent for the benefit of the applicable Person, its pro rata share (or other applicable share as provided herein) of such payment by wire
transfer in like funds as received. Except as otherwise provided in Section 2.07 and Section 4.02, all amounts payable to the Swingline Lender or the L/C Provider hereunder or with respect to the Swingline Loans and L/C
Obligations shall be made to or upon the order of the Swingline Lender or the L/C Provider, respectively, by wire transfer of immediately available funds in Dollars not later than 1:00 p.m. (New York City time) on the date due. Any funds received
after that time will be deemed to have been received on the next Business Day. The
IssuerCo-Issuers’s obligations hereunder in respect of any amounts payable to
any Investor shall be discharged to the extent funds are disbursed by the
IssuerCo-Issuers
to the Administrative Agent as provided herein or by the Trustee or Paying Agent in accordance with Section 4.02 whether or not such funds are properly applied by the
Administrative Agent or by the Trustee or Paying Agent. The Administrative Agent’s obligations hereunder in respect of any amounts payable to any Investor shall be discharged to the extent funds are disbursed by the Administrative Agent to the
applicable Funding Agent as provided herein whether or not such funds are properly applied by such Funding Agent. 
 SECTION 4.02
Order of Distributions. Subject to Section 9.18(c)(ii), any amounts deposited into the Series 2019-3 Class A-1 Distribution Account in respect of accrued interest, letter of credit fees or undrawn commitment
fees, but excluding amounts allocated for the purpose of reducing the Series 2019-3 Class A-1 Outstanding Principal Amount, shall be distributed by the Trustee or the Paying Agent, as applicable, on the date due and payable under the Indenture
and in the manner provided therein, to the Series 2019-3 Class A-1 Noteholders of record on the applicable Record Date, ratably in proportion to the respective amounts due to such payees at each applicable level of the Priority of Payments in
accordance with the applicable Quarterly Noteholders’ Report, the applicable written report provided to the Trustee under the Series 2019-3 Supplement or as provided in Section 3.3 of the Series 2019-3 Supplement. Subject to
Section 9.18(c)(ii), any amounts deposited into the Series 2019-3 Class A-1 Distribution Account in respect of outstanding principal or face amounts shall be distributed by the Trustee or the Paying Agent, as
applicable, on the date due and payable under the Indenture and in the manner provided therein, to the Series 2019-3 Class A-1 Noteholders of record on the applicable Record Date, in the following order of priority in accordance with the
applicable Quarterly Noteholders’ Report, the applicable written report provided to the Trustee under the Series 2019-3 Supplement or as provided in Section 3.3 of the Series 2019-3 Supplement: first, to the Swingline Lender
and the L/C Provider in respect of outstanding Swingline Loans and Unreimbursed L/C Drawings, to the extent Unreimbursed L/C Drawings cannot be reimbursed pursuant to Section 2.08, ratably in proportion to the respective amounts due to
such payees; second, to the other Series 2019-3 Class A-1 Noteholders in respect of their 

  
 28 

 
outstanding Advances, ratably in proportion thereto; and, third, any balance remaining of such amounts (up to an aggregate amount not to exceed the amount of Undrawn L/C Face Amounts at
such time) shall be paid to the L/C Provider, to be deposited by the L/C Provider into a cash collateral account in the name of the L/C Provider in accordance with Section 4.03(b). Any amounts distributed to the Administrative
Agent pursuant to the Priority of Payments in respect of any other amounts related to the Class A-1 Notes shall be distributed by the Administrative Agent in accordance with Section 4.01 on the date such amounts are due and payable
hereunder to the applicable Series 2019-3 Class A-1 Noteholders and/or the Administrative Agent for its own account, as applicable, ratably in proportion to the respective aggregate of such amounts due to such payees. 

SECTION 4.03 L/C Cash Collateral. (a) If as of five (5) Business Days prior to the Commitment Termination Date, any Undrawn
L/C Face Amounts remain in effect, the
IssuerCo-Issuers shall either (i) provide cash collateral (in an aggregate amount equal to the amount of Undrawn L/C Face Amounts at such time, to the extent that such amount of cash collateral has not been provided pursuant
to Section 4.02 or 9.18(c)(ii)) to the L/C Provider, to be deposited by the L/C Provider into a cash collateral account in the name of the L/C Provider in accordance with Section 4.03(b) or
(ii) other than with respect to Interest Reserve Letters of Credit, make arrangements satisfactory to the L/C Provider in its sole and absolute discretion with the L/C Provider (and, if the L/C Provider is not the L/C Issuing Bank with respect
to such Letter of Credit, the L/C Issuing Bank) pursuant to Section 4.04 such that any Letters of Credit that remain outstanding as of the date that is ten (10) Business Days prior to the Commitment Termination Date shall cease to
be deemed outstanding or to be deemed “Letters of Credit” for purposes of this Agreement as of the Commitment Termination Date. 

(b) All amounts to be deposited in a cash collateral account pursuant to Section 4.02, Section 4.03(a)
or Section 9.18(c)(ii) shall be held by the L/C Provider as collateral to secure the IssuerCo-Issuers’s Reimbursement Obligations with respect to any outstanding Letters of Credit. The L/C Provider 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 deposit in Eligible Investments, which investments shall be made at the written direction, and
at the risk and expense, of the
IssuerCo-Issuers
(provided that if an Event of Default has occurred and is continuing, such investments shall be made solely at the option and sole discretion of the L/C Provider), such deposits shall
not bear interest. Interest or profits, if any, on such investments shall accumulate in such account and all Class A-1 Taxes on such amounts shall be payable by the
IssuerCo-Issuers
. Moneys in such account shall automatically be applied by such L/C Provider to reimburse it for any Unreimbursed L/C Drawings. Upon expiration of all then-outstanding Letters of Credit and payment in full
of all Unreimbursed L/C Drawings, any balance remaining in such account shall be paid over (i) if the Base Indenture and any Series Supplement remain in effect, to the Trustee to be deposited into the applicable Collection Account and distributed in accordance with the terms of the
Base Indenture and (ii) otherwise to the
IssuerCo-Issuers
; provided that, upon an Investor ceasing to be a Defaulting Investor in accordance with Section 9.18(d), any amounts of cash collateral provided pursuant to
Section 9.18(c)(ii) upon such Investor becoming a Defaulting Investor shall be released and applied as such amounts would have been applied had such Investor not become a Defaulting Investor. 

SECTION 4.04 Alternative Arrangements with Respect to Letters of Credit. Notwithstanding any other provision of this Agreement or any
Transaction Document, a Letter of Credit (other than an Interest Reserve Letter of Credit) shall cease to be deemed outstanding for all purposes of this Agreement and each other Transaction Document if and to the extent that provisions, in form and
substance satisfactory to the L/C Provider (and, if the L/C Provider is not the L/C Issuing Bank with respect to such Letter of Credit, the L/C Issuing Bank) in its sole and absolute discretion, have been made with respect to such Letter of Credit
such that the L/C Provider (and, if applicable, the L/C Issuing Bank) has agreed in writing, with a copy of such agreement delivered to the Administrative Agent, the Control Party, the Trustee and the IssuerCo-Issuers, that such Letter of Credit shall be deemed to be no longer outstanding hereunder, in which event such Letter of Credit shall cease to be a “Letter of Credit” as such term is used herein and in the
Transaction Documents. 

  
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 ARTICLE V 

THE ADMINISTRATIVE AGENT AND THE FUNDING AGENTS 

SECTION 5.01 Authorization and Action of the Administrative Agent. Each of the Lender Parties and the Funding Agents hereby designates
and appoints Barclays Bank PLC as the Administrative Agent hereunder, and hereby authorizes the Administrative Agent to take such actions as agent on their behalf and to exercise such powers as are delegated to the Administrative Agent by the terms
of this Agreement together with such powers as are reasonably incidental thereto. The Administrative Agent shall not have any duties or responsibilities, except those expressly set forth herein, or any fiduciary relationship with any Lender Party or
any Funding Agent, and no implied covenants, functions, responsibilities, duties, obligations or liabilities on the part of the Administrative Agent shall be read into this Agreement or otherwise exist for the Administrative Agent. In performing its
functions and duties hereunder, the Administrative Agent shall act solely as agent for the Lender Parties and the Funding Agents and does not assume nor shall it be deemed to have assumed any obligation or relationship of trust or agency with or for
the
IssuerCo-Issuers
 or any of
itstheir
 successors or assigns. The provisions of this Article (other than the rights of the IssuerCo-Issuers set forth in Section 5.07) are solely for the
benefit of the Administrative Agent, the Lender Parties and the Funding Agents, and the IssuerCo-Issuers shall not have any rights as a third party beneficiary of any
such provisions. The Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, exposes the Administrative Agent to personal liability or that is contrary to this Agreement or any Requirement of
Law. The appointment and authority of the Administrative Agent hereunder shall terminate upon the indefeasible payment in full of the Series 2019-3 Class A-1 Notes
and all other amounts owed by the
IssuerCo-Issuers
 hereunder to the Administrative Agent, all members of the Investor Groups, the Swingline Lender and the L/C Provider (the “Aggregate Unpaids”) and termination in full of all
Commitments and the Swingline Commitment and the L/C Commitment. 
 SECTION 5.02 Delegation of Duties. The Administrative
Agent may execute any of its duties under this Agreement by or through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters
pertaining to such duties. The exculpatory provisions of this Article shall apply to any such agents or attorneys-in-fact and shall apply to their respective activities
on behalf of the Administrative Agent. The Administrative Agent shall not be responsible for the negligence or misconduct of any agents or attorneys-in-fact selected by
it in good faith. 
 SECTION 5.03 Exculpatory Provisions. Neither the Administrative Agent nor any of its directors, officers, agents
or employees shall be (a) liable for any action lawfully taken or omitted to be taken by it or them under or in connection with this Agreement (except for its, their or such Person’s own gross negligence or willful misconduct as determined
by a court of competent jurisdiction by a final and nonappealable judgment), or (b) responsible in any manner to any Lender Party or any Funding Agent for any recitals, statements, representations or warranties made by the IssuerCo-Issuers or any Guarantor contained in this Agreement or in any certificate, report, statement or other document referred to or provided for in, or received under or in connection with, this Agreement for the due
execution, legality, value, validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other document furnished in connection herewith, or for any failure of the IssuerCo-Issuers or any Guarantor to perform its obligations hereunder, or for the satisfaction of any condition specified in Article VII. The Administrative Agent shall not be under any obligation to any Investor or any
Funding Agent to ascertain or to inquire as to the observance or performance of any of the agreements or covenants contained in, or conditions of, this Agreement, or to inspect the properties, books or records of the IssuerCo-Issuers. The Administrative Agent shall not be deemed to have knowledge of any Potential Rapid Amortization Event, Rapid Amortization Event, Default or Event of Default unless the Administrative Agent has received notice
in writing of such event from the
IssuerCo-Issuers
, any Lender Party or any Funding Agent. 

  
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 SECTION 5.04 Reliance. The Administrative Agent shall in all cases be entitled to
rely, and shall be fully protected in relying, upon any document or conversation believed by it to be genuine and correct and to have been signed, sent or made by the proper Person or Persons and upon advice and statements of legal counsel
(including, without limitation, counsel to the
IssuerCo-Issuers
), independent accountants and other experts selected by the Administrative Agent. The Administrative Agent shall in all cases be fully justified in failing or refusing to take any action under this
Agreement or any other document furnished in connection herewith unless it shall first receive such advice or concurrence of any Lender Party or any Funding Agent as it deems appropriate or it shall first be indemnified to its satisfaction by any
Lender Party or any Funding Agent; provided that unless and until the Administrative Agent shall have received such advice, the Administrative Agent may take or refrain from taking any action, as the Administrative Agent shall deem advisable
and in the best interests of the Lender Parties and the Funding Agents. The Administrative Agent shall in all cases be fully protected in acting, or in refraining from acting, in accordance with a request of the Required Investor Groups and such
request and any action taken or failure to act pursuant thereto shall be binding upon the Lender Parties and the Funding Agents. 

SECTION 5.05 Non-Reliance on the Administrative Agent and Other Purchasers. Each of the Lender
Parties and the Funding Agents expressly acknowledges that neither the Administrative Agent nor any of its officers, directors, employees, agents, attorneys-in-fact or
Affiliates has made any representations or warranties to it and that no act by the Administrative Agent hereafter taken, including, without limitation, any review of the affairs of the IssuerCo-Issuers, shall be deemed to constitute any representation or warranty by the Administrative Agent. Each of the Lender Parties and the Funding Agents represents and warrants to the Administrative Agent that it has and
will, independently and without reliance upon the Administrative Agent and based on such documents and information as it has deemed appropriate, made its own appraisal of, and investigation into, the business, operations, property, prospects,
financial and other conditions and creditworthiness of the
IssuerCo-Issuers
 and made its own decision to enter into this Agreement. 
 SECTION 5.06 The
Administrative Agent in its Individual Capacity. The Administrative Agent and any of its Affiliates may make loans to, accept deposits from, and generally engage in any kind of business with the
any Co-Issuer or
any Affiliate of the
any Co-Issuer as
though the Administrative Agent were not the Administrative Agent hereunder. 
 SECTION 5.07 Successor Administrative Agent;
Defaulting Administrative Agent. 
 (a) The Administrative Agent may, upon thirty (30) days’ notice to the IssuerCo-Issuers and each of the Lender Parties and the Funding Agents, and the Administrative Agent will, upon the direction of Investor Groups holding 100% of the Commitments (excluding any Commitments held by Defaulting
Investors), resign as Administrative Agent. If the Administrative Agent shall resign, then the Required Investor Groups (excluding any Commitments held by the resigning Administrative Agent or its Affiliates, and if all Commitments are held by the
resigning Administrative Agent or its Affiliates, then the
IssuerCo-Issuers
), during such 30-day period, shall appoint an Affiliate of a member of the Investor Groups as a successor administrative agent, subject to the consent of
(i) the
IssuerCo-Issuers
 at all times other than while an Event of Default has occurred and is continuing (which consent of the
IssuerCo-Issuers
 shall not be unreasonably withheld or delayed) and (ii) the Control Party (which consent of the Control Party shall not be unreasonably withheld or delayed). If for any reason no successor
Administrative Agent is appointed by the Required Investor Groups during such 30-day period, then effective upon the expiration of such 30-day period, the IssuerCo-Issuers shall make all payments in respect of the Aggregate Unpaids or under any fee letter delivered in connection herewith (including, without limitation, the Series 2019-3 Class A-1 Notes Fee Letter) directly to the Funding Agents or the Swingline Lender or the L/C Provider, as applicable, and the
IssuerCo-Issuers
 for all purposes shall deal directly with the Funding Agents or the Swingline Lender or the L/C Provider, as applicable, until such time, if any, as a successor administrative agent is appointed
as provided above, and the
IssuerCo-Issuers
 

  
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 shall instruct the Trustee in writing accordingly. After any retiring Administrative Agent’s
resignation hereunder as Administrative Agent, the provisions of Section 9.05 and this Article V shall inure to its benefit as to any actions taken or omitted to be taken by it while it was the Administrative Agent under this
Agreement. 
 (b) The IssuerCo-Issuers may, upon the occurrence of any of the following events (any
such event, a “Defaulting Administrative Agent Event”) and with the consent of the Required Investor Groups, remove the Administrative Agent and, upon such removal, the Required Investor Groups shall appoint an Affiliate of a member
of the Investor Groups as a successor administrative agent, subject to the consent of (x) the IssuerCo-Issuers at all times other than while an Event of Default has
occurred and is continuing (which consent of the
IssuerCo-Issuers
 shall not be unreasonably withheld or delayed) and (y) the Control Party (which consent of the Control Party shall not be unreasonably withheld or delayed): (i) an Event of Bankruptcy with
respect to the Administrative Agent; (ii) if the Person acting as Administrative Agent or an Affiliate thereof is also an Investor, any other event pursuant to which such Person becomes a Defaulting Investor; (iii) the failure by the
Administrative Agent to pay or remit any funds required to be remitted when due (in each case, if amounts are available for payment or remittance in accordance with the terms of this Agreement for application to the payment or remittance thereof)
which continues for two (2) Business Days after such funds were required to be paid or remitted; (iv) any representation, warranty, certification or statement made by the Administrative Agent under this Agreement or in any agreement,
certificate, report or other document furnished by the Administrative Agent proves to have been false or misleading in any material respect as of the time made or deemed made, and if such representation, warranty, certification or statement is
susceptible of remedy in all material respects, is not remedied within thirty (30) calendar days after knowledge thereof or notice by the
IssuerCo-Issuers
 to the Administrative Agent, and if not susceptible of remedy in all material respects, upon notice by the
IssuerCo-Issuers
 to the Administrative Agent or (v) any act constituting the gross negligence or willful misconduct of the Administrative Agent. If for any reason no successor Administrative Agent is
appointed by the Investor Groups within 30 days of the Administrative Agent’s removal pursuant to the immediately preceding sentence, then effective upon the expiration of such 30-day period, the IssuerCo-Issuers shall make all payments in respect of the Aggregate Unpaids or under any fee letter delivered in connection herewith (including, without limitation, the Series 2019-3 Class A-1 Notes Fee Letter) directly to the Funding Agents or the Swingline Lender or the L/C Provider, as applicable, and the
IssuerCo-Issuers
 for all purposes shall deal directly with the Funding Agents or the Swingline Lender or the L/C Provider, as applicable, until such time, if any, as a successor administrative agent is appointed
as provided above, and the
IssuerCo-Issuers
 shall instruct the Trustee in writing accordingly. After any Administrative Agent’s removal hereunder as Administrative Agent, the provisions of Section 9.05 and this Article
V shall inure to its benefit as to any actions taken or omitted to be taken by it while it was the Administrative Agent under this Agreement. 

(c) If a Defaulting Administrative Agent Event has occurred and is continuing, the IssuerCo-Issuers may make all payments in respect of the Aggregate Unpaids or under any fee letter delivered in connection herewith (including, without limitation, the Series 2019-3 Class A-1 Notes Fee Letter) directly to the Funding Agents or the Swingline Lender or the L/C Provider, as applicable, and the
IssuerCo-Issuers
 for all purposes may deal directly with the Funding Agents or the Swingline Lender or the L/C Provider, as applicable. 

SECTION 5.08 Authorization and Action of Funding Agents. Each Investor is hereby deemed to have designated and appointed its related
Funding Agent set forth next to such Investor’s name on Schedule I (or identified as such Investor’s Funding Agent pursuant to any applicable Assignment and Assumption Agreement or Investor Group Supplement) as the agent of such
Person hereunder, and hereby authorizes such Funding Agent to take such actions as agent on its behalf and to exercise such powers as are delegated to such Funding Agent by the terms of this Agreement together with such powers as are reasonably
incidental thereto. Each Funding Agent shall not have any duties or responsibilities, except those expressly set forth herein, or any fiduciary relationship with the related 

  
 32 

 Investor Group, and no implied covenants, functions, responsibilities, duties, obligations or liabilities on
the part of such Funding Agent shall be read into this Agreement or otherwise exist for such Funding Agent. In performing its functions and duties hereunder, each Funding Agent shall act solely as agent for the related Investor Group and does not
assume nor shall it be deemed to have assumed any obligation or relationship of trust or agency with or for the IssuerCo-Issuers, any of its successors or assigns or any other Person. Each
Funding Agent shall not be required to take any action that exposes such Funding Agent to personal liability or that is contrary to this Agreement or any Requirement of Law. The appointment and authority of the Funding Agents hereunder shall
terminate upon the indefeasible payment in full of the Aggregate Unpaids of the Investor Groups and the termination in full of all the Commitments. 

SECTION 5.09 Delegation of Duties. Each Funding Agent may execute any of its duties under this Agreement by or through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. Each Funding Agent shall not be responsible for the negligence
or misconduct of any agents or attorneys-in-fact selected by it in good faith. 

SECTION 5.10 Exculpatory Provisions. Each Funding Agent and its Affiliates, and each of their directors, officers, agents or employees
shall not be (a) liable for any action lawfully taken or omitted to be taken by it or them under or in connection with this Agreement (except for its, their or such Person’s own gross negligence or willful misconduct), or
(b) responsible in any manner to the related Investor Group for any recitals, statements, representations or warranties made by the IssuerCo-Issuers contained in this Agreement or in any certificate, report,
statement or other document referred to or provided for in, or received under or in connection with, this Agreement, or for the value, validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other document
furnished in connection herewith, or for any failure of the
IssuerCo-Issuers
 to perform
itstheir
 obligations hereunder, or for the satisfaction of any condition specified in Article VII. Each Funding Agent shall not be under any obligation to the related Investor Group to ascertain or to inquire
as to the observance or performance of any of the agreements or covenants contained in, or conditions of, this Agreement, or to inspect the properties, books or records of the IssuerCo-Issuers. Each Funding Agent shall not be deemed to have knowledge of any Rapid Amortization Event, Default or Event of Default unless such Funding Agent has received notice of such event from the IssuerCo-Issuers or any member of the related Investor Group. 
 SECTION 5.11 Reliance. Each Funding Agent
shall in all cases be entitled to rely, and shall be fully protected in relying, upon any document or conversation believed by it to be genuine and correct and to have been signed, sent or made by the proper Person or Persons and upon advice and
statements of the Administrative Agent and legal counsel (including, without limitation, counsel to the IssuerCo-Issuers), independent accountants and other experts selected by such
Funding Agent. Each Funding Agent shall in all cases be fully justified in failing or refusing to take any action under this Agreement or any other document furnished in connection herewith unless it shall first receive such advice or concurrence of
the related Investor Group as it deems appropriate or it shall first be indemnified to its satisfaction by the related Investor Group; provided that unless and until such Funding Agent shall have received such advice, such Funding Agent may
take or refrain from taking any action, as such Funding Agent shall deem advisable and in the best interests of the related Investor Group. Each Funding Agent shall in all cases be fully protected in acting, or in refraining from acting, in
accordance with a request of the related Investor Group and such request and any action taken or failure to act pursuant thereto shall be binding upon the related Investor Group. 

SECTION 5.12 Non-Reliance on the Funding Agent and Other Purchasers. The related Investor Group
expressly acknowledges that its Funding Agent and any of its officers, directors, employees, agents, attorneys-in-fact or Affiliates has not made any representations or
warranties to it and that no act by such Funding Agent hereafter taken, including, without limitation, any review of the affairs of the IssuerCo-Issuers, shall be deemed to constitute any representation or warranty
by such Funding 

  
 33 

 
Agent. The related Investor Group represents and warrants to such Funding Agent that it has and will, independently and without reliance upon such Funding Agent and based on such documents and
information as it has deemed appropriate, made its own appraisal of, and investigation into, the business, operations, property, prospects, financial and other conditions and creditworthiness of the IssuerCo-Issuers and made its own decision to enter into this Agreement. 
 SECTION 5.13 The Funding Agent in
its Individual Capacity. Each Funding Agent and any of its Affiliates may make loans to, accept deposits from, and generally engage in any kind of business with
the any Co-Issuer or any Affiliate of the any Co-Issuer as though such
Funding Agent were not a Funding Agent hereunder. 
 SECTION 5.14 Successor Funding Agent. Each Funding Agent will, upon the
direction of the related Investor Group, resign as such Funding Agent. If such Funding Agent shall resign, then the related Investor Group shall appoint an Affiliate of a member of the related Investor Group as a successor funding agent (it being
understood that such resignation shall not be effective until such successor is appointed). After any retiring Funding Agent’s resignation hereunder as Funding Agent, subject to the limitations set forth herein, the provisions of
Section 9.05 and this Article V shall inure to its benefit as to any actions taken or omitted to be taken by it while it was the Funding Agent under this Agreement. 

ARTICLE VI 
 REPRESENTATIONS AND
WARRANTIES 
 SECTION 6.01 The IssuerCo-Issuers and Guarantors. The IssuerCo-Issuers and the Guarantors jointly and severally represent and warrant to the Administrative Agent and each Lender Party, as of the date of this Agreement and as of the date of each Advance made hereunder, that:

 (a) each of their representations and warranties made in favor of the Trustee or the Noteholders in the Indenture and the other
Transaction Documents (other than a Transaction Document relating solely to a Series of Notes other than the Series 2019-3 Notes) is true and correct (a) if not qualified as to materiality or Material
Adverse Effect, in all material respects and (b) if qualified as to materiality or Material Adverse Effect, in all respects, as of the date originally made, as of the date hereof and as of the Series
2019-3 Closing Date (unless stated to relate solely to an earlier date, in which case such representations and warranties shall be true and correct in all material respects as of such earlier date); 

(b) no Potential Rapid Amortization Event, Rapid Amortization Event, Default, Event of Default or, solely as of the date of this Agreement,
Cash Trapping Period has occurred and is continuing; 
 (c) assuming the representations and warranties of each Lender Party set forth in
Section 6.03 of this Agreement are true and correct, neither they nor or any of their Affiliates, have, directly or through an agent, engaged in any form of general solicitation or general advertising in connection with the issuance of the
Series 2019-3 Class A-1 Notes under the Securities Act or in any manner involving a public offering within the meaning of Section 4(a)(2) of the Securities Act
including, but not limited to, articles, notices or other communications published in any newspaper, magazine, or similar medium or broadcast over television or radio or any seminar or meeting whose attendees have been invited by any general
solicitation or general advertising; provided that no representation or warranty is made with respect to the Lender Parties and their Affiliates; and none of the
IssuerCo-Issuers
 nor any of
itstheir
 Affiliates has entered into any contractual arrangement with respect to the distribution of the Series 2019-3 Class A-1
Notes, except for this Agreement and the other Transaction Documents, and the IssuerCo-Issuers will not enter into any such arrangement; 

  
 34 

 (d) neither they nor any of their Affiliates have, directly or through any agent, sold,
offered for sale, solicited offers to buy or otherwise negotiated in respect of, any “security” (as defined in the Securities Act) that is or will be integrated with the sale of the Series 2019-3 Class A-1 Notes in a manner that would require the registration of the Series 2019-3 Class A-1 Notes under the Securities
Act; 
 (e) assuming the representations and warranties of each Lender Party set forth in Section 6.03 of this Agreement are
true and correct, the offer and sale of the Series 2019-3 Class A-1 Notes in the manner contemplated by this Agreement is a transaction exempt from the registration
requirements of the Securities Act, and the Base Indenture is not required to be qualified under the Trust Indenture Act; 
 (f) no
Securitization Entity is required, or will be required as a result of the making of Advances and Swingline Loans and the issuance of Letters of Credit hereunder and the use of proceeds therefrom, to register as an “investment company”
under the Investment Company Act; in connection with the foregoing, the Issuer isCo-Issuers are relying on an exclusion from the definition of
“investment company” under Section 3(a)(1) of the Investment Company Act, although additional exemptions or exclusions may be available to the
IssuerCo-Issuers
; the Issuer
doesCo-Issuers do not constitute a “covered
fund” for purposes of Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, otherwise known as the “Volcker Rule”; 

(g) the Issuer hasCo-Issuers have furnished to the Administrative Agent and each Funding
Agent true, accurate and complete copies of all other Transaction Documents (excluding Series Supplements and other Transaction Documents relating solely to a Series of Notes other than the Series 2019-3
Notes) to which they are a party as of the Series 2019-3 Closing Date, all of which Transaction Documents are in full force and effect as of the Series 2019-3 Closing
Date and no terms of any such agreements or documents have been amended, modified or otherwise waived as of such date, other than such amendments, modifications or waivers about which the Issuer hasCo-Issuers
have informed each Funding Agent, the Swingline Lender and the L/C Provider; 

(h) to the knowledge of the IssuerCo-Issuers, the operations of the IssuerCo-Issuers, the Guarantors and their respective subsidiaries are and have been conducted at all times in compliance with applicable financial record-keeping and reporting requirements of the Currency and Foreign
Transactions Reporting Act of 1970, as amended, the money laundering statutes of all applicable jurisdictions, the rules and regulations thereunder and any related or similar rules, regulations or guidelines, issued, administered or enforced by any
governmental agency applicable to the Securitization Entities or their assets (collectively, the “Money Laundering Laws”) and no action, suit or proceeding by or before any court or governmental agency, authority or body or any
arbitrator involving any of the
IssuerCo-Issuers
 or the Guarantors with respect to the Money Laundering Laws has been initiated or, to the knowledge of the
IssuerCo-Issuers
 or the Guarantors, is threatened or pending; 
 (i) none of the IssuerCo-Issuers or the Guarantors or any of their respective subsidiaries nor, to the knowledge of any of the IssuerCo-Issuers or the Guarantors, any director, officer, manager, member,
agent, employee or affiliate of any of the
IssuerCo-Issuers
 or the Guarantors or any of their respective subsidiaries is currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department
(“OFAC”); and the
IssuerCo-Issuers
 and the Guarantors will not directly or to their knowledge indirectly use the proceeds of any Borrowing under the Series 2019-3 Notes, or lend, contribute
or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently the target of any U.S. sanctions administered by OFAC; 

(j) none of the IssuerCo-Issuers or the Guarantors or, to the knowledge of any of the IssuerCo-Issuers or the Guarantors, any affiliate, director, officer, manager, member agent, 

  
 35 

 
employee or other person acting on behalf of any of the IssuerCo-Issuers or the Guarantors, has: (i) used any corporate or
company funds for any unlawful contribution, gift, entertainment or other unlawful expense relating to political activity; (ii) made any direct or indirect unlawful payment to any domestic or “foreign official” (as defined in the
Foreign Corrupt Practices Act of 1977, as amended, and the rules and regulations thereunder (collectively, the “FCPA”)) or foreign government employee from corporate or company funds; (iii) violated or is in violation of any
provision of any applicable law or regulation implementing the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions or any applicable provision of the FCPA, the U.K. Bribery Act 2010, or any other
similar law or statute of any other jurisdiction in which it operates its business, including, in each case, the rules and regulations thereunder; or (iv) otherwise made any bribe, unlawful rebate, unlawful payoff, unlawful influence payment,
unlawful kickback or other unlawful payment; 
 (k) the representations and warranties of the applicable Securitization Entities
contained in Section 4.6 of the Guarantee and Collateral Agreement and Section 7.13 of the Base Indenture are true and correct in all respects; and 

(l) the Series 2019-3 Class A-1 Advance Notes and each
Advance hereunder is an “eligible asset” as defined in Rule 3a-7 under the Investment Company Act. 

SECTION 6.02 The ManagerManagers. The Manager
representsManagers represent and warrantswarrant to the Administrative Agent and each Lender Party as of the date of this Agreement and as of the date of each Advance made hereunder, that: 

(a) no Manager Termination Event has occurred and is continuing as a result of any representation and warranty made by it in any Transaction
Document (other than a Transaction Document relating solely to a Series of Notes other than the Series 2019-3 Notes) to which it is a party (including any representations and warranties made by it as a Manager) being inaccurate; 

(b) to the knowledge of
the U.S. Manager, the operations of the Issuer, the U.S. Manager, the U.S. Guarantors and their respective subsidiaries are and have been
conducted at all times in compliance with applicable financial record-keeping and reporting requirements of the Money Laundering Laws and no action, suit or proceeding by or before any court or governmental agency, authority or body or any
arbitrator involving any of the Issuer, the U.S. Guarantors
or the U.S. Manager with respect to the Money Laundering
Laws has been initiated or, to the knowledge of the Issuer, the U.S. Guarantors or the U.S.
Manager, is threatened or pending; 
 (c) to the knowledge of the Canadian Manager, the operations of the Canadian Co-Issuer,
the Canadian Manager, the Canadian Guarantors and their respective subsidiaries are and have been conducted at all times in compliance with applicable financial record-keeping and reporting requirements of the Money Laundering Laws and no action,
suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving any of the Canadian Co-Issuer, the Canadian Guarantors or the Canadian Manager with respect to
the Money Laundering Laws has been initiated or, to the knowledge of the Canadian Co-Issuer, the Canadian Guarantors or the Canadian Manager, is threatened or pending; 

(d)
 (c) neither the U.S. Manager nor any of its subsidiaries nor, to the knowledge of
the U.S. Manager, any director, officer, manager, member,
agent, employee or affiliate of any of the Issuer, the U.S.
Manager or the U.S. Guarantors or any of their respective subsidiaries is currently subject to any U.S. sanctions administered by the OFAC; and the
U.S. Manager will not directly or to its knowledge
indirectly use the proceeds of any Borrowing under the Series 2019-3 Notes, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for
the purpose of financing the activities of any person currently the target of any U.S. sanctions administered by OFAC; and 

  
 36 

(e) neither
the Canadian Manager nor any of its subsidiaries nor, to the knowledge of the Canadian Manager, any director, officer, manager, member, agent, employee or affiliate of any of the Canadian Co-Issuer, the
Canadian Manager or the Canadian Guarantors or any of their respective subsidiaries is currently subject to any U.S. sanctions administered by the OFAC; and the Canadian Manager will not directly or to its knowledge indirectly use the proceeds of
any Borrowing under the Series 2019-3 Notes, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the
activities of any person currently the target of any U.S. sanctions administered by OFAC; 

(f)
 (d) none of the U.S. Manager or, to the knowledge of the U.S. Manager, any affiliate, director, officer, manager, member agent,
employee or other person acting on behalf of the U.S.
Manager, has: (i) used any corporate or company funds for any unlawful contribution, gift, entertainment or other unlawful expense relating to political activity; (ii) made any direct or indirect unlawful payment to any domestic or
“foreign official” (as defined in the FCPA) or foreign government employee from corporate or company
funds; (iii) violated or is in violation of any
provision of any applicable law or regulation implementing the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions or any applicable provision of the FCPA, the U.K. Bribery Act 2010, or any other
similar law or statute of any other jurisdiction in which it operates its business, including, in each case, the rules and regulations thereunder; or (iv) 
otherwise made any bribe, unlawful rebate, unlawful payoff, unlawful influence payment, unlawful kickback or
other unlawful payment; and 
 (g) none of the Canadian Manager or, to the knowledge of the Canadian Manager, any affiliate, director, officer, manager,
member agent, employee or other person acting on behalf of the Canadian Manager, has: (i) used any corporate or company funds for any unlawful contribution, gift, entertainment or other unlawful expense relating to political activity;
(ii) made any direct or indirect unlawful payment to any domestic or “foreign official” (as defined in the FCPA) or foreign government employee from corporate or company funds;
(iii) violated or is in violation of any provision of any applicable law or regulation implementing the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions or any applicable provision of the
FCPA, the U.K. Bribery Act 2010, or any other similar law or statute of any other jurisdiction in which it operates its business, including, in each case, the rules and regulations thereunder; or (iv) otherwise made any bribe, unlawful rebate,
unlawful payoff, unlawful influence payment, unlawful kickback or other unlawful payment. 
 SECTION 6.03 Lender Parties. Each
of the Lender Parties represents and warrants to the
IssuerCo-Issuers
 and the
ManagerManagers
 as of the date hereof (or, in the case of a successor or assign of an Investor, as of the subsequent date on which such successor or assign shall become or be deemed to become a party hereto)
that: 
 (a) it has had an opportunity to discuss the
IssuerCo-Issuers
’s and the ManagerManagers’s business, management and financial affairs, and the terms
and conditions of the proposed purchase of the Series 2019-3 Class A-1 Notes, with the IssuerCo-Issuers and the
ManagerManagers
 and their respective representatives; 
 (b) it is an “accredited
investor” within the meaning of Rule 501(a)(1), (2), (3) or (7) of Regulation D under the Securities Act and has sufficient knowledge and experience in financial and business matters to be capable of evaluating the merits and risks of
investing in, and is able and prepared to bear the economic risk of investing in, the Series 2019-3 Class A-1 Notes; 

(c) it is purchasing the Series 2019-3 Class A-1 Notes
for its own account, or for the account of one or more “accredited investors” within the meaning of Rule 501(a)(1), (2), (3) or (7) 

  
 37 

 of Regulation D under the Securities Act that meet the criteria described in clause
(b) above and for which it is acting with complete investment discretion, for investment purposes only and not with a view to a distribution in violation of the Securities Act, subject, nevertheless, to the understanding that the
disposition of its property shall at all times be and remain within its control, and neither it nor its Affiliates has engaged in any general solicitation or general advertising within the meaning of the Securities Act, or the rules and regulations
promulgated thereunder, with respect to the Series 2019-3 Class A-1 Notes; 

(d) it understands that (i) the Series 2019-3
Class A-1 Notes have not been and will not be registered or qualified under the Securities Act or any applicable state securities laws or the securities laws of any other jurisdiction and are being
offered only in a transaction not involving any public offering within the meaning of the Securities Act and may not be resold or otherwise transferred unless so registered or qualified or unless an exemption from registration or qualification is
available and an opinion of counsel shall have been delivered in advance to the IssuerCo-Issuers, (ii) the Issuer isCo-Issuers
are not required to register the Series 2019-3 Class A-1 Notes under the Securities Act or any applicable state
securities laws or the securities laws of any other jurisdiction, (iii) any permitted transferee hereunder must meet the criteria in clause (b) above and (iv) any transfer must comply with the provisions of
Section 2.8 of the Base Indenture, Section 4.3 of the Series 2019-3 Supplement and Section 9.03 or 9.17, as applicable, of this Agreement; 

(e) it will comply with the requirements of Section 6.03(d), above, in connection with any transfer by it of the Series 2019-3 Class A-1 Notes; 
 (f) it understands that the Series
2019-3 Class A-1 Notes will bear the legend set out in the form of Series 2019-3
Class A-1 Notes attached to the Series 2019-3 Supplement and be subject to the restrictions on transfer described in such legend; 

(g) it will obtain for the benefit of the
IssuerCo-Issuers
 from any purchaser of the Series 2019-3 Class A-1 Notes substantially the same representations and warranties contained
in the foregoing paragraphs; and 
 (h) it has executed a Purchaser’s Letter substantially in the form of Exhibit D
hereto. 
 ARTICLE VII 

CONDITIONS 
 SECTION 7.01
Conditions to Issuance and Effectiveness. Each Lender Party will have no obligation to purchase the Series 2019-3 Class A-1 Notes hereunder on the Series 2019-3 Closing Date, and the Commitments, the Swingline Commitment and the L/C Commitment will not become effective, unless: 

(a) the Base Indenture, the Series 2019-3 Supplement, the Guarantee and Collateral Agreement and the
other Transaction Documents shall be in full force and effect; 
 (b) on the Series 2019-3 Closing
Date, the Administrative Agent shall have received a letter, in form and substance reasonably satisfactory to it, from S&P stating that the Notes have received a rating of not less than “BBB-
(sf)” and (ii) a letter from KBRA stating that the Notes have received rating of not less than “BBB- (sf)”; 

(c) that certain risk retention letter agreement from
the U.S. Manager, dated as of the Series 2019-3 Closing Date, with respect to the EU risk retention rules shall have been duly executed and delivered by the parties thereto in form and substance satisfactory to the Administrative Agent; and 

  
 38 

 (d) at the time of such issuance, the additional conditions set forth in Schedule III
(other than with respect to the condition subsequent set forth in the proviso to clause (b) of Schedule III) and all other conditions to the issuance of the Series 2019-3 Class A-1 Notes under the Indenture shall have been satisfied or waived. 
 SECTION 7.02
Conditions to Initial Extensions of Credit. The election of each Conduit Investor to fund, and the obligation of each Committed Note Purchaser to fund, the initial Borrowing hereunder, and the obligations of the Swingline Lender and the L/C
Provider to fund the initial Swingline Loan or provide the initial Letter of Credit hereunder, respectively, shall be subject to the satisfaction of the conditions precedent that (a) each Funding Agent shall have received a duly executed and
authenticated Series 2019-3 Class A-1 Advance Note registered in its name or in such other name as shall have been directed by such Funding Agent and stating that
the principal amount thereof shall not exceed the Maximum Investor Group Principal Amount of the related Investor Group, (b) each of the Swingline Lender and the L/C Provider shall have received a duly executed and authenticated Series 2019-3 Class A-1 Swingline Note or Series 2019-3 Class A-1 L/C Note, as applicable,
registered in its name or in such other name as shall have been directed by it and stating that the principal amount thereof shall not exceed the Swingline Commitment or L/C Commitment, respectively, and (c) the Issuer shall have paid all fees
required to be paid by it under the Transaction Documents on the Series 2019-3 Closing Date, including all fees required hereunder. 

SECTION 7.03 Conditions to Each Extension of Credit. The election of each Conduit Investor to fund, and the obligation of each
Committed Note Purchaser to fund, any Borrowing on any day (including the initial Borrowing but excluding any Borrowings to repay Swingline Loans or L/C Obligations pursuant to Section 2.05, 2.06 or 2.08, as applicable),
and the obligations of the Swingline Lender to fund any Swingline Loan (including the initial one) and of the L/C Provider to provide any Letter of Credit (including the initial one), respectively, shall be subject to the conditions precedent that
on the date of such funding or provision, before and after giving effect thereto and to the application of any proceeds therefrom, the following statements shall be true (without regard to any waiver, amendment or other modification of this
Section 7.03 or any definitions used herein consented to by the Control Party unless the Required Investor Groups have consented to such waiver, amendment or other modification for purposes of this Section 7.03);
provided, however, that if a Rapid Amortization Event has occurred and been declared by the Control Party pursuant to Section 9.1(a), (b), (c) or (e) of the Base Indenture, or has occurred pursuant
to Section 9.1(d) of the Base Indenture, consent to such waiver, amendment or other modification from all Investors (provided, that it shall not be the obligation of the Control Party to obtain such consent from the Investors) as
well as the Control Party is required for purposes of this Section 7.03: 
 (a) (i) the representations and warranties of
the
IssuerCo-Issuers
 set out in this Agreement and (ii) the representations and warranties of the ManagerManagers set out in this Agreement, in each such case, shall be true and
correct (x) if qualified as to materiality or Material Adverse Effect, in all respects and (y) if not qualified as to materiality or Material Adverse Effect, in all material respects, as of the date of such funding or issuance, with the
same effect as though made on that date (unless stated to relate solely to an earlier date, in which case such representations and warranties shall have been true and correct (1) if qualified as to materiality or Material Adverse Effect, in all
respects, and (2) if not so qualified, in all material respects as of such earlier date); 
 (b) no Default, Event of Default,
Potential Rapid Amortization Event or Rapid Amortization Event shall be in existence at the time of, or after giving effect to, such funding or issuance; 

(c) the DSCR as calculated as of the immediately preceding Quarterly Calculation Date shall not be less than 1.75x; 

  
 39 

 (d) in the case of any Borrowing, except to the extent an advance request is expressly
deemed to have been delivered hereunder, the
a
Co-Issuer shall have delivered or have been deemed to have delivered to the Administrative Agent an executed advance request in the form of Exhibit A
hereto with respect to such Borrowing (each such request, an “Advance Request” or a “Series 2019-3 Class A-1 Advance Request”);

 (e) each representation and warranty made by the
U.S. Manager (in its capacity as the U.S. Manager) in the U.S. Management Agreement is true and correct (a) if not qualified as to materiality or Material Adverse Effect, in all
material respects and (b) if qualified as to materiality or Material Adverse Effect, in all respects as of the date of this Agreement and as of the date of each Advance made hereunder (unless stated to relate solely to an earlier date,
in which case such representations and warranties were true and correct (x) if qualified as to materiality or Material Adverse Effect, in all respects, and (y) if not so qualified, in all material respects as of such earlier
date); 
 (f) each representation and warranty made by the Canadian Manager (in its capacity as the Canadian Manager) in the Canadian Management Agreement is true and correct (a) if not qualified as to materiality or Material Adverse Effect, in all material respects and (b) if qualified as to materiality or Material Adverse
Effect, in all respects as of the date of this Agreement and as of the date of each Advance made hereunder (unless stated to relate solely to an earlier date, in which case such representations and warranties were true and correct (x) if
qualified as to materiality or Material Adverse Effect, in all respects, and (y) if not so qualified, in all material respects as of such earlier date); 

(g) (f) the Senior Notes Interest Reserve Amount
(including any Senior Notes Interest Reserve Account Deficit Amount) will be funded and/or an Interest Reserve Letter of Credit will be maintained for such amount as of the date of such draw in the amounts required pursuant to the Indenture after
giving effect to such draw; provided that a portion of the proceeds of such draw may be used to fund and/or maintain such Senior Notes Interest Reserve Amount; 

(h) (g) all Undrawn Commitment Fees,
Administrative Agent Fees and L/C Quarterly Fees due and payable on or prior to the date of such funding or issuance shall have been paid in full; and 

(i) (h) all conditions to such extension of credit
or provision specified in Section 2.02, 2.03, 2.06 or 2.07 of this Agreement, as applicable, shall have been satisfied. 

The giving of any notice pursuant to Section 2.03, 2.06 or 2.07, as applicable, shall constitute a representation
and warranty by the
IssuerCo-Issuers
 and the
ManagerManagers
 that all conditions precedent to such funding or provision have been satisfied or will be satisfied concurrently therewith. 

ARTICLE VIII 
 COVENANTS 

SECTION 8.01 Covenants. Each of the
IssuerCo-Issuers
 and the
ManagerManagers
, severally, covenants and agrees that, until all Aggregate Unpaids have been paid in full and all Commitments, the Swingline Commitment and the L/C Commitment have been terminated, it will:

 (a) Unless waived in writing by the Control Party in accordance with Section 9.7 of the Base Indenture, duly and timely
perform all of its covenants (both affirmative and negative) and obligations under each Transaction Document to which it is a party; 

  
 40 

 (b) not amend, modify, waive or give any approval, consent or permission under any provision
of the Base Indenture or any other Transaction Document to which it is a party unless any such amendment, modification, waiver or other action is in writing and made in accordance with the terms of the Base Indenture or such other Transaction
Document, as applicable; 
 (c) reasonably concurrently with the time any report, notice or other document is provided to the Rating
Agencies and/or the Trustee, or caused to be provided, by the
IssuerCo-Issuers
 or the
ManagerManagers
 under the Base Indenture (including, without limitation, under Sections 8.8, 8.9 and/or 8.10 thereof) or under the Series 2019-3
Supplement, provide the Administrative Agent (who shall promptly provide a copy thereof to the Lender Parties) with a copy of such report, notice or other document; provided, however, that neither the ManagerManagers nor the
IssuerCo-Issuers
 shall have any obligation under this Section 8.01(c) to deliver to the Administrative Agent copies of any Quarterly Noteholders’ Reports that relate solely to a Series of
Notes other than the Series 2019-3 Notes; 
 (d) once per calendar year, following reasonable
prior notice from the Administrative Agent (the “Annual Inspection Notice”), and during regular business hours and without unreasonable interference with the business and operation of the ManagerManagers, permit any one or more of the Administrative Agent, any Funding Agent, the Swingline Lender or the L/C Provider, or any of their respective agents, representatives or permitted assigns, at the IssuerCo-Issuers’s expense, access (as a group, and not individually unless
only one such Person desires such access) to the offices of the
ManagerManagers
, the
IssuerCo-Issuers
 and the Guarantors, (i) to examine and make copies of and abstracts from all documentation relating to the Collateral on the same terms as are provided to the Trustee under
Section 8.6 of the Base Indenture, and (ii) to visit the offices and properties of the ManagerManagers, the IssuerCo-Issuers and the Guarantors for the purpose of examining such materials described in clause (i) above, and to discuss matters relating to the Collateral, or the administration and performance of the
Base Indenture, the Series 2019-3 Supplement and the other Transaction Documents with any of the officers or employees of, the
ManagerManagers
, the
IssuerCo-Issuers
 and/or the Guarantors, as applicable, having knowledge of such matters; provided, however, that upon the occurrence and continuation of a Potential Rapid Amortization Event, Rapid
Amortization Event, Cash Trapping Period, Default or Event of Default, the Administrative Agent, any Funding Agent, the Swingline Lender or the L/C Provider, or any of their respective agents, representatives or permitted assigns, at the IssuerCo-Issuers’s expense may do any of the foregoing at any time during
normal business hours and without advance notice; provided, further, that, in addition to any visits made pursuant to provision of an Annual Inspection Notice or during the continuation of a Potential Rapid Amortization Event, Rapid
Amortization Event, Default or Event of Default, the Administrative Agent, any Funding Agent, the Swingline Lender or the L/C Provider, or any of their respective agents, representatives or permitted assigns, at their own expense, may do any of the
foregoing at any time during normal business hours following reasonable prior notice with respect to the business of the IssuerCo-Issuers and/or the Guarantors; and provided, further,
that the Funding Agents, the Swingline Lender and the L/C Provider will be permitted to provide input to the Administrative Agent with respect to the timing of delivery, and content, of the Annual Inspection Notice; 

(e) not use the proceeds of any Advance, directly or indirectly, for the purpose of purchasing or carrying any “margin stock” (as
such term is defined under the regulations of the Board of Governors of the Federal Reserve System, including Regulations T, U and X thereof “Margin Stock”), for the purpose of reducing or retiring any indebtedness which was
originally incurred to purchase or carry any Margin Stock or for any other purpose which might cause the Advances under the Series 2019-3 Class A-1 Notes to be
considered a “purpose credit” within the meaning of Regulation T, Regulation U or Regulation X; 
 (f) [reserved]; 

  
 41 

 (g) promptly provide such additional financial and other information with respect to the
Transaction Documents (other than Series Supplements and Transaction Documents relating solely to a Series of Notes other than the Series 2019-3 Notes), the Issuer
Co-Issuers, the ManagerManagers or the Guarantors as the Administrative Agent may from time to time reasonably request; provided, however,
that neither the
Issuer
Co-Issuers nor the ManagerManagers shall be required to produce reports or other information that they do not currently produce and which, in the
reasonable judgment of the
ManagerManagers
, would be unreasonably expensive or burdensome to prepare or produce or for which the disclosure thereof would violate any applicable law, statute, rule, regulation, confidentiality provision or court order; 

(h) deliver to the Administrative Agent (who shall promptly provide a copy thereof to the Lender Parties), the financial statements prepared
pursuant to Section 4.1 of the Base Indenture at the same time as the delivery of such statements under the Base Indenture; and 

(i) not (i) permit the IssuerCo-Issuers to use the proceeds of
any Borrowing under the Series 2019-3 Class A-1 Notes to pay, directly or indirectly, any distributions or dividends, as applicable, on the equity interests of any
Person, or to repurchase the equity interests of any Person, in each case except as permitted pursuant to Section 8.18 of the Base Indenture or (ii) designate equity contributions as Retained Collections Contributions
to the extent such equity contributions were funded with the proceeds of a Borrowing under the Series 2019-3 Class A-1 Notes. 

ARTICLE IX 
 MISCELLANEOUS
PROVISIONS 
 SECTION 9.01 Amendments. No amendment to or waiver or other modification of any provision of this Agreement, nor
consent to any departure therefrom by the
ManagerManagers
 or the
Issuer
Co-Issuers, shall in any event be effective unless the same shall be in writing and signed by the
Issuer
Co-Issuers with the written consent of (A) the Administrative Agent and (B) other than in respect of amendments pursuant to Section 3.04, the Required
Investor Groups; provided, however, that, in addition, (i) the prior written consent of each affected Investor shall be required in connection with any amendment, modification or waiver that (x) increases the amount of the
Commitment of such Investor, extends the Commitment Termination Date or the Class A-1 Notes Renewal Date for such Investor, modifies the conditions to funding the Commitment or otherwise subjects such
Investor to any increased or additional duties or obligations hereunder or in connection herewith (it being understood and agreed that waivers or modifications of conditions precedent, covenants, Defaults or Events of Default or of a mandatory
reduction in the aggregate Commitments shall not constitute an increase of the Commitments of any Lender Party), (y) reduces the amount or delays the timing of payment of any principal, interest, fees or other amounts payable to such Investor
hereunder or (z) would have an effect comparable to any of those set forth in Section 13.2(a) of the Base Indenture that require the consent of each Noteholder or each affected Noteholder; (ii) any amendment, modification or waiver
that affects the rights or duties of any of the Swingline Lender, the L/C Provider, the Administrative Agent or the Funding Agents shall require the prior written consent of such affected Person; and (iii) the prior written consent of each
Investor, the Swingline Lender, the L/C Provider, the Administrative Agent and each Funding Agent shall be required in connection with any amendment, modification or waiver of this Section 9.01. For purposes of any provision of any other
Indenture Document relating to any vote, consent, direction or the like to be given by the Series 2019-3 Class A-1 Noteholders, such vote, consent, direction or the
like shall be given by the Holders of the Series 2019-3 Class A-1 Advance Notes only and not by the Holders of any Series
2019-3 Class A-1 Swingline Notes or Series 2019-3 Class A-1 L/C Notes except to
the extent that such vote, consent, direction or the like is to be given by each affected Noteholder and the Holders of any Series 2019-3 Class A-1 Swingline Notes
or Series 2019-3 Class A-1 L/C Notes would be affected thereby. In addition, the provisions of Section 6.01(k) may not be amended or
waived without confirmation from S&P that the rating of the commercial paper notes of each Conduit Investor then rated by it will not be reduced or withdrawn as a result thereof. Each Series 2019-3 Class A-1 Noteholder hereby authorizes the Administrative Agent to consent to any amendment pursuant to Section 3.04. 

  
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 Each Committed Note Purchaser will notify the Issuer
Co-Issuers in writing whether or not it will consent to a proposed amendment, waiver or other modification of this Agreement and, if applicable, any condition to such consent, waiver or
other modification. If a Committed Note Purchaser notifies the IssuerCo-Issuers in writing that such Committed Note Purchaser either (I) will
not consent to an amendment to or waiver or other modification of any provision of this Agreement or (II) conditions its consent to such an amendment, waiver or other modification of any provision of this Agreement upon the payment of an
amendment fee, the
Issuer
Co-Issuers may replace every member (but not any subset thereof) of such Committed Note Purchaser’s entire Investor Group by giving written notice to each member of such Investor
Group and the Administrative Agent designating one or more Persons that are willing and able to purchase each member of such Investor Group’s rights and obligations under this Agreement for a purchase price that with respect to each such member
of such Investor Group will equal the amount owed to each such member of such Investor Group with respect to the Series 2019-3 Class A-1 Advance Notes (whether
arising under the Indenture, this Agreement, the Series 2019-3 Class A-1 Advance Notes or otherwise). Upon receipt of such written notice, each member of such
Investor Group shall assign its rights and obligations under this Agreement pursuant to and in accordance with Sections 9.17(a), (b) and (c), as applicable, in consideration for such purchase price and at the
reasonable expense of the
Issuer
Co-Issuers (including, without limitation, the reasonable documented fees and out-of-pocket expenses of
counsel to each such member); provided, however, that no member of such Investor Group shall be obligated to assign any of its rights and obligations under this Agreement if the purchase price to be paid to such member is not at least
equal to the amount owed to such member with respect to the Series 2019-3 Class A-1 Advance Notes (whether arising under the Indenture, this Agreement, the Series 2019-3 Class A-1 Advance Notes or otherwise). In addition, notwithstanding the terms of Section 2.05, the Issuer
Co-Issuers may also effect a permanent reduction in the Series 2019-3 Class A-1 Notes Maximum
Principal Amount and a corresponding reduction in the Commitment Amount solely of such Committed Note Purchaser and Maximum Investor Group Principal Amount solely of such Investor Group on a non-ratable basis;
provided that (i) any such reduction will be limited to the undrawn portion of such Commitments, although any such reduction may be combined with a Voluntary Decrease effected pursuant to and in accordance with
Section 2.2(b) of the Series 2019-3 Supplement, applied solely with respect to such Committed Note Purchaser and such Investor Group. 

The IssuerCo-Issuers and the Lender Parties shall negotiate any amendments,
waivers, consents, supplements or other modifications to this Agreement or the other Transaction Documents that require the consent of the Lender Parties in good faith, and any consent required to be given by the Lender Parties shall not be
unreasonably denied, conditioned or delayed. Pursuant to Section 9.05(a), the Lender Parties shall be entitled to reimbursement by the
Issuer
Co-Issuers for the reasonable expenses incurred by the Lender Parties in reviewing and approving any such amendment, waiver, consent, supplement or other modification to this Agreement or
any Transaction Document. 
 SECTION 9.02 No Waiver; Remedies. Any waiver, consent or approval given by any party
hereto shall be effective only in the specific instance and for the specific purpose for which given, and no waiver by a party of any breach or default under this Agreement shall be deemed a waiver of any other breach or default. No failure on the
part of any party hereto to exercise, and no delay in exercising, any right hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right hereunder, or any abandonment or discontinuation of steps to enforce the
right, power or privilege, preclude any other or further exercise thereof or the exercise of any other right. No notice to or demand on any party hereto in any case shall entitle such party to any other or further notice or demand in the same,
similar or other circumstances. The remedies herein provided are cumulative and not exclusive of any remedies provided by law. 

  
 43 

 SECTION 9.03 Binding on Successors and Assigns. 

(a) This Agreement shall be binding upon, and inure to the benefit of, the Issuer
Co-Issuers, the ManagerManagers, the Lender Parties, the Funding Agents, the Administrative Agent and their respective successors and assigns;
provided, however, that none of the IssuerCo-Issuers nor the ManagerManagers
 may assign its rights or obligations hereunder or in connection herewith or any interest herein (voluntarily, by operation of law or otherwise other than in connection with a merger between Securitization Entities permitted by
the Transaction Documents) without the prior written consent of each Lender Party (other than any Defaulting Investor); provided further that nothing herein shall prevent the Issuer
Co-Issuers from assigning itstheir rights (but none of
itstheir
 duties or liabilities) to the Trustee under the Base Indenture and the Series 2019-3 Supplement; and provided, further that none of the Lender Parties may transfer,
pledge, assign, sell participations in or otherwise encumber its rights or obligations hereunder or in connection herewith or any interest herein except as permitted under Section 6.03,
Section 9.17 and this Section 9.03. Nothing expressed herein is intended or shall be construed to give any Person other than the Persons referred to in the preceding sentence any legal or
equitable right, remedy or claim under or in respect of this Agreement except as provided in Section 9.16. 

(b) Notwithstanding any other provision set forth in this Agreement, each Investor may at any time grant to one or more Program Support
Providers a participating interest in or lien on such Investor’s interests in the Advances made hereunder and such Program Support Provider, with respect to its participating interest, shall be entitled to the benefits granted to such Investor
under this Agreement. In addition, any Investor may at any time sell participations to any Person in all or a portion of such Investor’s rights and/or obligations under this Agreement, the Series 2019-3 Class A-1 Notes and the Advances made thereunder and, in connection therewith, any other Transaction Document to which it is a party, and such participant, with respect to its participating interest, shall be
entitled to the benefits granted to such Investor under this Agreement; provided that (i) such Investor’s obligations under this Agreement shall remain unchanged, (ii) such Investor shall remain solely responsible to the other parties
hereto for the performance of such obligations, and (iii) the IssuerCo-Issuers, the Administrative Agent, the Swingline Lender, the L/C Provider and each
other Investor shall continue to deal solely and directly with such Investor in connection with such Investor’s rights and obligations under this Agreement; provided, however, that no participation pursuant to this
Section 9.03 shall be made to a Competitor or a Defaulting Investor. Any agreement or instrument pursuant to which an Investor sells such a participation shall provide that such Investor shall retain the sole right
to enforce this Agreement and any other Transaction Documents and to approve any amendment, modification or waiver of any provision of this Agreement and any other Transaction Documents. provided that such agreement or instrument may provide that
the prior written consent of each affected Participant shall be required in connection with any amendment, modification or waiver that would have an effect comparable to any of those set forth in Section 13.2(a) of the Base Indenture or
Section 9.01 hereof that require the consent of each Noteholder or each affected Noteholder. 
 (c)
In addition to its rights under Section 9.17, each Conduit Investor may at any time assign its rights in the Series 2019-3 Class A-1
Advance Notes (and its rights hereunder and under the Transaction Documents) to its related Committed Note Purchaser or, subject to Section 6.03 and Section 9.17, its related Program Support
Provider or any Affiliate of any of the foregoing, in each case in accordance with the applicable provisions of the Indenture. Furthermore, each Conduit Investor may at any time grant a security interest in and lien on, all or any portion of its
interests under this Agreement, its Series 2019-3 Class A-1 Advance Note and all Transaction Documents to (i) its related Committed Note Purchaser,
(ii) its Funding Agent, (iii) any Program Support Provider who, at any time now or in the future, provides program liquidity or credit enhancement, including, without limitation, an insurance policy for such Conduit Investor relating to
the Commercial Paper or the Series 2019-3 Class A-1 Advance Notes, (iv) any other Person who, at any time now or in the future, provides liquidity or credit
enhancement for the Conduit Investors, including, without limitation, an insurance policy relating to the Commercial Paper or the Series 2019-3 Class A-1 Advance
Notes; (v) any collateral trustee or collateral agent for any of the foregoing or (vi) a trustee or collateral agent for the benefit of the holders of the commercial paper notes or other senior indebtedness of such Conduit Investor
appointed pursuant 

  
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 to such Conduit Investor’s program documents; provided, however, that any such security
interest or lien shall be released upon assignment of its Series 2019-3 Class A-1 Advance Note to its related Committed Note Purchaser. Each Committed Note
Purchaser may assign its Commitment, or all or any portion of its interest under its Series 2019-3 Class A-1 Advance Note, this Agreement and the Transaction
Documents to any Person to the extent permitted by Section 9.17. Notwithstanding any other provisions set forth in this Agreement, each Committed Note Purchaser may at any time create a security interest in all or any
portion of its rights under this Agreement, its Series 2019-3 Class A-1 Advance Note and the Transaction Documents in favor of any Federal Reserve Bank in
accordance with Regulation A of the F.R.S. Board or any similar foreign entity. 
 SECTION 9.04 Survival of Agreement. All covenants,
agreements, representations and warranties made herein and in the Series 2019-3 Class A-1 Notes delivered pursuant hereto shall survive the making and the repayment
of the Advances, the Swingline Loans and the Letters of Credit and the execution and delivery of this Agreement and the Series 2019-3 Class A-1 Notes and shall
continue in full force and effect until all interest on and principal of the Series 2019-3 Class A-1 Notes, and all other Obligations owed to the Lender Parties,
the Funding Agents and the Administrative Agent hereunder and under the Series 2019-3 Supplement have been paid in full (other than as described in the following sentence), all Letters of Credit have expired
or been fully cash collateralized in accordance with the terms of this Agreement and the Commitments, the Swingline Commitment and the L/C Commitment have been terminated, including as a result of the satisfaction and discharge of the Indenture
pursuant to Article XII of the Base Indenture. In addition, the obligations of the IssuerCo-Issuers and the Lender Parties under Sections 3.05,
3.06, 3.07, 3.08, 9.05, 9.10 and 9.11 shall survive the termination of this Agreement. 

SECTION 9.05 Payment of Costs and Expenses; Indemnification. 

(a) Payment of Costs and Expenses. The Issuer
Co-Issuers and the Guarantors jointly and severally agree to pay (by depositing such amounts into
the applicable Collection Account to be distributed subject to and in accordance with the Priority of
Payments), on the Series 2019-3 Closing Date (if invoiced at least one (1) Business Day prior to such date) or on or before five (5) Business Days after written demand (in all other cases), all
reasonable documented out-of-pocket expenses of the Administrative Agent, each initial Funding Agent and each initial Lender Party (including the reasonable fees and out-of-pocket expenses of one counsel to each of the foregoing, if any, as well as the fees and expenses of the Rating Agencies) in connection with (i) the negotiation,
preparation, execution and delivery of this Agreement and of each other Transaction Document, including schedules and exhibits, whether or not the transactions contemplated hereby or thereby are consummated, and (ii) any amendments, waivers,
consents, supplements or other modifications to this Agreement or any other Transaction Document as may from time to time hereafter be proposed by the
ManagerManagers
 or the Securitization Entities. The IssuerCo-Issuers and the Guarantors further jointly and severally agree to pay,
subject to and in accordance with the Priority of Payments, and to hold the Administrative Agent, each Funding Agent and each Lender Party harmless from all liability for (x) any breach by the Issuer
Co-Issuers of itstheir obligations under this Agreement, (y) all reasonable documented out-of-pocket costs incurred by the Administrative Agent, such Funding Agent or such Lender Party in enforcing this Agreement or in connection with the negotiation of any restructuring or “work-out”, whether or not consummated, of the Transaction Documents and (z) any Non-Excluded Taxes that may be payable in connection with (1) the
execution or delivery of this Agreement, (2) any Borrowing or Swingline Loan hereunder, (3) the issuance of the Series 2019-3 Class A-1 Notes,
(4) any Letter of Credit hereunder or (5) any other Transaction Documents. The IssuerCo-Issuers and the Guarantors also jointly and severally agree to reimburse,
subject to and in accordance with the Priority of Payments, the Administrative Agent, such Funding Agent and Lender Party upon demand for all reasonable documented
out-of-pocket expenses incurred by the Administrative Agent, such Funding Agent and such Lender Party in connection with the enforcement of this Agreement or any other
Transaction Documents. Notwithstanding the foregoing, other than in connection with a sale or assignment pursuant to Section 9.18(a), the
Issuer
Co-Issuers and/or the Guarantors shall have no obligation to reimburse any Lender 

  
 45 

 Party for any of the fees and/or expenses incurred by such Lender Party with respect to its sale or
assignment of all or any part of its respective rights and obligations under this Agreement and the Series 2019-3 Class A-1 Notes pursuant to
Section 9.03 or Section 9.17. 
 (b) Indemnification of the Lender Parties. In
consideration of the execution and delivery of this Agreement by the Lender Parties, the IssuerCo-Issuers and the Guarantors hereby agree to jointly and severally indemnify
and hold each Lender Party, each Funding Agent and the Administrative Agent (each in its capacity as such and to the extent not otherwise reimbursed by the
Issuer
Co-Issuers or Guarantors and without limiting the obligation of the IssuerCo-Issuers or the Guarantors to do
so) and each of their officers, directors, employees, affiliates and agents (collectively, the “Indemnified Parties”) harmless (by depositing such amounts into the applicable Collection Account to be distributed subject to and in accordance with the Priority of Payments) from and
against any and all actions, causes of action, suits, losses, liabilities and damages, and reasonable documented costs and expenses incurred in connection therewith (irrespective of whether any such Indemnified Party is a party to the action for
which indemnification hereunder is sought and including, without limitation, any liability in connection with the issuance and sale of the Series 2019-3 Class A-1
Notes), including reasonable documented attorneys’ fees and disbursements (collectively, the “Indemnified Liabilities”), incurred by the Indemnified Parties or any of them (whether in
prosecuting or defending against such actions, suits or claims) to the extent resulting from, or arising out of, or relating to: 

(i) any transaction financed or to be financed in whole or in part, directly or indirectly, with the proceeds of any Advance,
Swingline Loan or Letter of Credit; or 
 (ii) the entering into and performance of this Agreement and any other Transaction
Document by any of the Indemnified Parties, including, for the avoidance of doubt, the consent by the Lender Parties set forth in Section 9.19; 

except for any such Indemnified Liabilities arising for the account of a particular Indemnified Party by reason of the relevant Indemnified
Party’s gross negligence or willful misconduct or breach of representations set forth herein as determined by a final, non-appealable judgment of a court of competent jurisdiction. If and to the extent
that the forgoing undertaking may be unenforceable for any reason, the IssuerCo-Issuers and the Guarantors hereby jointly and severally agree to make the
maximum contribution to the payment and satisfaction of each of the Indemnified Liabilities that is permissible under applicable law. The indemnity set forth in this Section 9.05(b) shall in no event include
indemnification for special, punitive, consequential or indirect damages of any kind or for any Class A-1 Taxes which shall be covered by (or expressly excluded from) the indemnification provided in
Section 3.08 or for any transfer Class A-1 Taxes with respect to its sale or assignment of all or any part of its respective rights and obligations under this Agreement
and the Series 2019-3 Class A-1 Notes pursuant to Section 9.17. The Issuer
Co-Issuers shall give notice to the Rating Agencies of any claim for Indemnified Liabilities made under this Section 9.05(b). 

(c) Indemnification of the Administrative Agent and each Funding Agent. In consideration of the execution and delivery of this
Agreement by the Administrative Agent and the related Funding Agent, each Committed Note Purchaser, ratably according to its respective Commitment, hereby agrees to indemnify and hold the Administrative Agent and each of its officers, directors,
employees, affiliates and agents (collectively, the “Administrative Agent Indemnified Parties”) and such Funding Agent and each of its officers, directors,
employees and agents (collectively, the “Funding Agent Indemnified Parties,” and together with the Administrative Agent Indemnified Parties, the “Applicable
Agent Indemnified Parties”) harmless from and against any and all actions, causes of action, suits, losses, liabilities and damages, and reasonable costs and expenses incurred in connection
therewith (solely to the extent not reimbursed by or on behalf of the IssuerCo-Issuers or the Guarantors) (irrespective of whether any such Applicable
Agent Indemnified Party is a party to the action for which indemnification hereunder 

  
 46 

 is sought and including, without limitation, any liability in connection with the issuance and sale of the
Series 2019-3 Class A-1 Notes), including reasonable attorneys’ fees and disbursements (collectively, the “Applicable Agent Indemnified
Liabilities”), incurred by the Applicable Agent Indemnified Parties or any of them (whether in prosecuting or defending against such actions, suits or claims) to the extent resulting from, or arising out of, or relating to the entering into
and performance of this Agreement and any other Transaction Document by any of the Applicable Agent Indemnified Parties, except for any such Applicable Agent Indemnified Liabilities arising for the account of a particular Applicable Agent
Indemnified Party by reason of the relevant Applicable Agent Indemnified Party’s gross negligence or willful misconduct. If and to the extent that the foregoing undertaking may be unenforceable for any reason, each Committed Note Purchaser,
ratably according to its respective Commitment, hereby agrees to make the maximum contribution to the payment and satisfaction of each of the Applicable Agent Indemnified Liabilities that is permissible under applicable law. The indemnity set forth
in this Section 9.05(c) shall in no event include indemnification for consequential or indirect damages of any kind or for any Class A-1 Taxes which shall be covered by (or expressly
excluded from) the indemnification provided in Section 3.08. 
 SECTION 9.06 Characterization as Transaction
Document; Entire Agreement. This Agreement shall be deemed to be a Transaction Document for all purposes of the Base Indenture and the other Transaction Documents. This Agreement, together with the Base Indenture, the Series 2019-3 Supplement, the documents delivered pursuant to Article VII and the other Transaction Documents, including the exhibits and schedules thereto, contains a final and complete integration of all prior
expressions by the parties hereto with respect to the subject matter hereof and shall constitute the entire agreement among the parties hereto with respect to the subject matter hereof, superseding all previous oral statements and other writings
with respect thereto. 
 SECTION 9.07 Notices. All notices, amendments, waivers, consents and other communications provided to any
party hereto under this Agreement shall be in writing and addressed, delivered or transmitted to such party at its address or e-mail address set forth below its signature hereto, in the case of the Issuer
Co-Issuers or the ManagerManagers, or on Schedule II, in the case of the Lender Parties, the Administrative Agent and the Funding
Agents, or in each case at such other address or e-mail address as may be designated by such party in a notice to the other parties. Any notice, if mailed and properly addressed with postage prepaid or if properly addressed and sent by pre-paid courier service, shall be deemed given when received; any notice, if transmitted by e-mail, shall be deemed given when received. 

SECTION 9.08 Severability of Provisions. Any covenant, provision, agreement or term of this Agreement that is prohibited or is held to
be void or unenforceable in any jurisdiction shall, as to that jurisdiction, be ineffective to the extent of the prohibition or unenforceability without invalidating the remaining provisions of this Agreement. 

SECTION 9.09 Tax Characterization. (a)    Each party to this Agreement (i) acknowledges that it is the intent of
the parties to this Agreement that, for accounting purposes and for all federal, state and local income and franchise tax purposes, the Series 2019-3 Class A-1
Notes will be treated as evidence of indebtedness, (ii) agrees to treat the Series 2019-3 Class A-1 Notes for all such purposes as indebtedness and
(iii) agrees that the provisions of the Transaction Documents shall be construed to further these intentions. 
 (b) Each Series 2019-3 Class A-1 Noteholder shall, acting solely for this purpose as an agent of the
Issuer
Co-Issuers, maintain a register on which it enters the name and address of each related Lender Party (and, if applicable, Program Support Provider) and the applicable portions of the Series 2019-3 Class A-1 Outstanding Principal Amount (and stated interest) with respect to such Series 2019-3 Class A-1 Noteholder of each Lender Party (and, if applicable, Program Support Provider) that has an interest in such Series 2019-3
Class A-1 Noteholder’s Series 2019-3 Class A-1 Notes (the 

  
 47 

 “Series 2019-3
Class A-1 Notes Register”), provided that no Series 2019-3 Class A-1 Noteholder shall have any obligation to
disclose all or any portion of the Series 2019-3 Class A-1 Notes Register to any Person except to the extent such that such disclosure is necessary to establish
that such Series 2019-3 Class A-1 Notes are in registered form under Section 5f.103-1(c) of the U.S. Treasury
regulations. 
 SECTION 9.10 No Proceedings; Limited Recourse. 

(a) The Securitization Entities. Each of the parties hereto (other than the Issuer
Co-Issuers) hereby covenants and agrees that, prior to the date that is one year and one day after the payment in full of the last maturing Note issued by the Issuer
Co-Issuers pursuant to the Base Indenture, it will not institute against, or join with any other Person in instituting against, any Securitization Entity, any bankruptcy, reorganization,
arrangement, insolvency or liquidation proceedings, or other proceedings, under any federal or state bankruptcy or similar law, all as more particularly set forth in Section 14.13 of the Base Indenture and subject to
any retained rights set forth therein; provided, however, that nothing in this Section 9.10(a) shall constitute a waiver of any right to indemnification, reimbursement or other payment from the
Securitization Entities pursuant to this Agreement, the Series 2019-3 Supplement, the Base Indenture or any other Transaction Document. In the event that a Lender Party (solely in its capacity as such) takes
action in violation of this Section 9.10(a), each affected Securitization Entity shall file or cause to be filed an answer with the bankruptcy court or otherwise properly contest or cause to be contested the filing
of such a petition by any such Person against such Securitization Entity or the commencement of such action and raise or cause to be raised the defense that such Person has agreed in writing not to take such action and should be estopped and
precluded therefrom and such other defenses, if any, as its counsel advises that it may assert. Nothing contained herein shall preclude participation by a Lender Party in the assertion or defense of its claims in any such proceeding involving any
Securitization Entity. The obligations of the IssuerCo-Issuers under this Agreement are solely the limited liability company or
corporate, as the case may be, obligations of the IssuerCo-Issuers. 

(b) The Conduit Investors. Each of the parties hereto hereby covenants and agrees that it will not, prior to the date that is one year
and one day after the payment in full of all Commercial Paper or other debt securities or instruments issued by a Conduit Investor, institute against, or join with any other Person in instituting against, such Conduit Investor, any bankruptcy,
reorganization, arrangement, insolvency, examination or liquidation proceedings, or other proceedings under any federal or state (or any other jurisdiction with authority over such Conduit Investor) bankruptcy or similar law; provided,
however, that, subject to Section 9.10(d), nothing in this Section 9.10(b) shall constitute a waiver of any right to indemnification, reimbursement or other payment from such Conduit
Investor pursuant to this Agreement, the Series 2019-3 Supplement, the Base Indenture or any other Transaction Document. In the event that any such party takes action in violation of this
Section 9.10(b), such related Conduit Investor may file an answer with the bankruptcy court or otherwise properly contest or cause to be contested the filing of such a petition by any such party against such Conduit
Investor or the commencement of such action and raise or cause to be raised the defense that such party has agreed in writing not to take such action and should be estopped and precluded therefrom and such other defenses, if any, as its counsel
advises that it may assert. Nothing contained herein shall preclude participation by any of the Securitization Entities, the ManagerManagers or a Lender Party in assertion or defense of its claims in any
such proceeding involving a Conduit Investor. Subject to Section 9.10(d), the obligations of the Conduit Investors under this Agreement are solely the corporate obligations of the Conduit Investors. No recourse shall be had
for the payment of any amount owing in respect of this Agreement, including any obligation or claim arising out of or based upon this Agreement, against any stockholder, employee, officer, agent, director, member, affiliate or incorporator (or
Person similar to an incorporator under state business organization laws) of any Conduit Investor; provided, however, nothing in this Section 9.10(b) shall relieve any of the foregoing Persons from any
liability that any such Person may otherwise have for its gross negligence, bad faith or willful misconduct. 

  
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 (c) [Reserved]. 

(d) Notwithstanding any provisions contained in this Agreement to the contrary, no Conduit Investor shall be obligated to pay any fees, costs,
indemnified amounts or expenses due pursuant to this Agreement (“Conduit Investor Amounts”) other than in accordance with the order of priorities set out in such Conduit Investor’s commercial paper program documents and all
payment obligations of each Conduit Investor hereunder are contingent on the availability of funds received pursuant to this Agreement or the Notes and in excess of the amounts necessary to pay its commercial paper notes; provided,
however, that each Committed Note Purchaser shall pay any Conduit Investor Amounts, on behalf of any Conduit Investor in such Committed Note Purchaser’s Investor Group, as and when due hereunder, to the extent that such Conduit Investor
is precluded by its commercial paper program documents from paying such Conduit Investor Amounts in accordance with this Agreement. Any such amount which any Conduit Investor does not pay pursuant to the operation of the preceding sentence shall not
constitute a claim against or corporate obligation of such Conduit Investor for any such insufficiency unless and until funds received pursuant to this Agreement or the Notes are available for the payment of such amounts as aforesaid. 

(e) The provisions of this Section 9.10 shall survive the termination of this Agreement. 

SECTION 9.11 Confidentiality. Each Lender Party, Funding Agent and the Administrative Agent agrees that it shall not disclose any
Confidential Information to any Person without the prior written consent of the ManagerManagers and the
Issuer
Co-Issuers, other than (a) to their Affiliates, and their Affiliates’ officers, directors, employees, managers, administrators, trustees, agents and advisors, including, without
limitation, legal counsel and accountants (it being understood that the Person to whom such disclosure is made will be informed of the confidential nature of such Confidential Information and instructed to keep it confidential), (b) to actual or
prospective assignees and participants, and then only on a confidential basis (after obtaining such actual or prospective assignee’s or participant’s agreement to keep such Confidential Information confidential in a manner substantially
similar to this Section 9.11), (c) as requested by a Governmental Authority or self-regulatory organization or required by any law, rule or regulation or judicial process of which the Issuer
Co-Issuers or the ManagerManagers, as the case may be, has knowledge; provided that each Lender Party, Funding Agent and the Administrative
Agent may disclose Confidential Information as requested by a Governmental Authority or self-regulatory organization or required by any law, rule or regulation or judicial process of which the Issuer
Co-Issuers or the ManagerManagers, as the case may be, does not have knowledge if such Lender Party, Funding Agent or Administrative Agent is
prohibited by law, rule or regulation from disclosing such requirement to the IssuerCo-Issuers or the ManagerManagers
, as the case may be, (d) to (x) Program Support Providers and (y) any trustee or collateral agent for the benefit of the holders of the commercial paper notes or other senior indebtedness of a Conduit Investor appointed
pursuant to such Conduit Investor’s program documents (after, in each case, obtaining such Person’s agreement to keep such Confidential Information confidential in a manner substantially similar to this
Section 9.11), (e) to any rating agency providing a rating for any Series or Class of Notes or any Conduit Investor’s debt, (f) to any Person acting as a placement agent, dealer or investor with respect to
any Conduit Investor’s commercial paper (provided that any Confidential Information provided to any such placement agent, dealer or investor does not reveal the identity of the Issuer
Co-Issuers or any of itstheir Affiliates and is confined to information of the type that is typically provided to such entities by asset-backed
commercial paper conduits), or (g) in the course of litigation with the IssuerCo-Issuers or the ManagerManagers
; provided that (in the case of any disclosure under foregoing clause (c) the disclosing party will, to the extent permitted by applicable law, give reasonable notice of such disclosure requirement to the Issuer
Co-Issuers and the ManagerManagers prior to disclosure of the Confidential Information, and will disclose only that portion of the Confidential
Information that is necessary to comply with such requirement in a manner reasonably designed to maintain the confidentiality thereof; and provided, further, that no such notice shall be required for any disclosure by the
Administrative Agent and/or its affiliates to regulatory authorities asserting jurisdiction in connection with an examination of any such party in the normal course. 

  
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 “Confidential Information” means information that any of the Issuer, any Guarantor
Co-Issuers, Guarantors or the ManagerManagers furnishes to a Lender Party, but does not include (i) any such information that is or becomes generally
available to the public other than as a result of a disclosure in violation of this Section 9.11 or a disclosure by a Person to which a Lender Party, a Funding Agent or the Administrative Agent delivered such
information, (ii) any such information that was in the possession of a Lender Party prior to its being furnished to such Lender Party by the
Issuer
Co-Issuers or the ManagerManagers, or (iii) any such information that is or becomes available to a Lender Party from a source other than the
Issuer
Co-Issuers or the ManagerManagers; provided that with respect to clauses (ii) and (iii) herein, such source is
not (x) known to a Lender Party to be bound by a confidentiality agreement with the IssuerCo-Issuers or the ManagerManagers
, as the case may be, with respect to the information or (y) known to a Lender Party to be otherwise prohibited from transmitting the information by a contractual, legal or fiduciary obligation. 

SECTION 9.12 GOVERNING LAW; CONFLICTS WITH INDENTURE. THIS AGREEMENT AND ALL MATTERS ARISING UNDER OR IN ANY MANNER RELATING
TO THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO ANY CHOICE OF LAW OR CONFLICT PROVISION OR RULE (WHETHER OF THE STATE OF NEW YORK OR ANY OTHER JURISDICTION) THAT
WOULD CAUSE THE APPLICATION OF THE LAWS OF ANY JURISDICTION OTHER THAN THE STATE OF NEW YORK, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HERETO SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAW. IN THE EVENT OF ANY CONFLICTS BETWEEN THIS
AGREEMENT AND THE INDENTURE, THE INDENTURE SHALL GOVERN. 
 SECTION 9.13 JURISDICTION. ALL JUDICIAL PROCEEDINGS BROUGHT
AGAINST ANY OF THE PARTIES HEREUNDER WITH RESPECT TO THIS AGREEMENT MAY BE BROUGHT IN ANY STATE OR (TO THE EXTENT PERMITTED BY LAW) FEDERAL COURT OF COMPETENT JURISDICTION SITTING IN THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK AND BY EXECUTION
AND DELIVERY OF THIS AGREEMENT, EACH PARTY HEREUNDER ACCEPTS FOR ITSELF AND IN CONNECTION WITH ITS PROPERTIES, GENERALLY AND UNCONDITIONALLY, THE NONEXCLUSIVE JURISDICTION OF THE AFORESAID COURTS, AND IRREVOCABLY AGREES TO BE BOUND BY ANY JUDGMENT
RENDERED THEREBY IN CONNECTION WITH THIS AGREEMENT. 
 SECTION 9.14 WAIVER OF JURY TRIAL. ALL PARTIES HEREUNDER HEREBY
KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE ANY RIGHTS THEY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH, THIS AGREEMENT, OR ANY COURSE OF CONDUCT, COURSE OF DEALING,
STATEMENTS (WHETHER ORAL OR WRITTEN) OR ACTIONS OF THE PARTIES IN CONNECTION HEREWITH OR THEREWITH. ALL PARTIES ACKNOWLEDGE AND AGREE THAT THEY HAVE RECEIVED FULL AND SIGNIFICANT CONSIDERATION FOR THIS PROVISION AND THAT THIS PROVISION IS A MATERIAL
INDUCEMENT FOR ALL PARTIES TO ENTER INTO THIS AGREEMENT. 
 SECTION 9.15 Counterparts. This Agreement may be executed in any
number of counterparts (which may include electronic transmission of counterparts) and by the different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original, and all of which together shall
constitute one and the same instrument. 

  
 50 

 SECTION 9.16 Third Party Beneficiary. The Trustee, on behalf of the Secured Parties,
and the Control Party are express third party beneficiaries of this Agreement. 
 SECTION 9.17 Assignment. 

(a) Subject to Sections 6.03 and 9.17(f), any Committed Note Purchaser may at any time sell or assign all or any part of its
rights and obligations under this Agreement, the Series 2019-3 Class A-1 Advance Notes and, in connection therewith, any other Transaction Documents to which it is
a party, with the prior written consent (not to be unreasonably withheld or delayed) of the IssuerCo-Issuers, the Swingline Lender and the L/C Provider, to one or more financial
institutions (an “Acquiring Committed Note Purchaser”) pursuant to an assignment and assumption agreement, substantially in the form of Exhibit B (the
“Assignment and Assumption Agreement”), executed by such Acquiring Committed Note Purchaser, such assigning Committed Note Purchaser, the
Funding Agent with respect to such Committed Note Purchaser, the IssuerCo-Issuers, the Swingline Lender and the L/C Provider and delivered to the
Administrative Agent; provided that no consent of the IssuerCo-Issuers shall be required for an assignment to another Committed Note
Purchaser or any Affiliate of a Committed Note Purchaser or if a Rapid Amortization Event or an Event of Default has occurred and is continuing; provided further, that no assignment pursuant to this Section 9.17 shall be made to a
Competitor. 
 (b) Without limiting the foregoing, subject to Sections 6.03 and 9.17(f), each Conduit Investor may
assign all or a portion of the Investor Group Principal Amount with respect to such Conduit Investor and its rights and obligations under this Agreement, the Series 2019-3
Class A-1 Advance Notes and, in connection therewith, any other Transaction Documents to which it is a party to a Conduit Assignee with respect to such Conduit Investor, without the prior written consent
of the
Issuer
Co-Issuers. Upon such assignment by a Conduit Investor to a Conduit Assignee, (i) such Conduit Assignee shall be the owner of the Investor Group Principal Amount or such portion thereof
with respect to such Conduit Investor, (ii) the related administrative or managing agent for such Conduit Assignee will act as the Funding Agent for such Conduit Assignee hereunder, with all corresponding rights and powers, express or implied,
granted to the Funding Agent hereunder or under the other Transaction Documents, (iii) such Conduit Assignee and its liquidity support provider(s) and credit support provider(s) and other related parties, in each case relating to the Commercial
Paper and/or the Series 2019-3 Class A-1 Advance Notes, shall have the benefit of all the rights and protections provided to such Conduit Investor herein and in the
other Transaction Documents (including, without limitation, any limitation on recourse against such Conduit Assignee as provided in this paragraph), (iv) such Conduit Assignee shall assume all of such Conduit Investor’s obligations, if any,
hereunder or under the Base Indenture or under any other Transaction Document with respect to such portion of the Investor Group Principal Amount and such Conduit Investor shall be released from such obligations, (v) all distributions in
respect of the Investor Group Principal Amount or such portion thereof with respect to such Conduit Investor shall be made to the applicable Funding Agent on behalf of such Conduit Assignee, (vi) the definition of the term “CP Funding
Rate” with respect to the portion of the Investor Group Principal Amount with respect to such Conduit Investor, as applicable, funded or maintained with commercial paper issued by such Conduit Assignee from time to time shall be determined in
the manner set forth in the definition of “CP Funding Rate” applicable to such Conduit Assignee on the basis of the interest rate or discount applicable to Commercial Paper issued by or for the benefit of such Conduit Assignee (rather than
any other Conduit Investor), (vii) the defined terms and other terms and provisions of this Agreement and the other Transaction Documents shall be interpreted in accordance with the foregoing, and (viii) if requested by the Funding Agent with
respect to such Conduit Assignee, the parties will execute and deliver such further agreements and documents and take such other actions as the Funding Agent may reasonably request to evidence and give effect to the foregoing. No assignment by any
Conduit Investor to a Conduit Assignee of all or any portion of the Investor Group Principal Amount with respect to such Conduit 

  
 51 

 Investor shall in any way diminish the obligation of the Committed Note Purchasers in the same Investor
Group as such Conduit Investor under Section 2.02 to fund any Increase not funded by such Conduit Investor or such Conduit Assignee. 

(c) Subject to Sections 6.03 and 9.17(f), any Conduit Investor and the related Committed Note Purchaser(s) may at any time sell
all or any part of their respective rights and obligations under this Agreement, the Series 2019-3 Class A-1 Advance Notes and, in connection therewith, any other
Transaction Documents to which it is a party, with the prior written consent (not to be unreasonably withheld or delayed) of the IssuerCo-Issuers, the Swingline Lender and the
L/C Provider, to a multi-seller commercial paper conduit, whose commercial paper is rated at least “A-1” (or then equivalent grade) from S&P, and one or
more financial institutions providing support to such multi-seller commercial paper conduit (an “Acquiring Investor Group”) pursuant to a transfer supplement,
substantially in the form of Exhibit C (the “Investor Group Supplement” or the “Series 2019-3
Class A-1 Investor Group Supplement”), executed by such Acquiring Investor Group, the Funding Agent with
respect to such Acquiring Investor Group (including the Conduit Investor and the Committed Note Purchasers with respect to such Investor Group), such assigning Conduit Investor and the Committed Note Purchasers with respect to such Conduit Investor,
the Funding Agent with respect to such assigning Conduit Investor and Committed Note Purchasers, the IssuerCo-Issuers, the Swingline Lender and the
L/C Provider and delivered to the Administrative Agent; provided that no consent of the
Issuer
Co-Issuers shall be required for an assignment to another Committed Note Purchaser or any Affiliate of a Committed Note Purchaser and its related Conduit Investor or if a Rapid
Amortization Event or an Event of Default has occurred and is continuing. For the avoidance of doubt, this Section 9.17(c) is intended to permit and provide for (i) assignments from a Committed Note Purchaser to
a Conduit Investor in a different Investor Group and (ii) assignments from a Conduit Investor to a Committed Note Purchaser in a different Investor group, and, in each of (i) and (ii), Exhibit C shall be revised to
reflect such assignments. 
 (d) Subject to Sections 6.03 and 9.17(f), the Swingline Lender may at any time assign all
its rights and obligations hereunder and under the Series 2019-3 Class A-1 Swingline Note, in whole but not in part, with the prior written consent of the Issuer
Co-Issuers and the Administrative Agent, which consent shall not be unreasonably withheld or delayed, to a financial institution pursuant to an agreement with, and in form and
substance reasonably satisfactory to, the Administrative Agent and the IssuerCo-Issuers, whereupon the assignor shall be released from its obligations hereunder;
provided that no consent of the IssuerCo-Issuers shall be required if a Rapid Amortization Event or an Event of
Default has occurred and is continuing; provided, further, that the prior written consent of each Funding Agent (other than any Funding Agent with respect to which all of the Committed Note Purchasers in such Funding Agent’s
Investor Group are Defaulting Investors), which consent shall not be unreasonably withheld or delayed, shall be required if such financial institution is not a Committed Note Purchaser. 

(e) Subject to Sections 6.03 and 9.17(f), the L/C Provider may at any time assign all or any portion of its rights and
obligations hereunder and under the Series 2019-3 Class A-1 L/C Note with the prior written consent of the Issuer
Co-Issuers and the Administrative Agent, which consent shall not be unreasonably withheld or delayed, to a financial institution pursuant to an agreement with, and in form and substance
reasonably satisfactory to, the Administrative Agent and the IssuerCo-Issuers, whereupon the assignor shall be released from its obligations hereunder to
the extent so assigned; provided that no consent of the IssuerCo-Issuers shall be required if a Rapid Amortization Event or an Event of
Default has occurred and is continuing. 
 (f) Any assignment of the Series 2019-3 Class A-1 Notes shall be made in accordance with the applicable provisions of the Indenture. 

  
 52 

 SECTION 9.18 Defaulting Investors. (a) The Issuer
Co-Issuers may, at itstheir sole expense and effort, upon notice to such Defaulting Investor and the Administrative Agent, (i) require
any Defaulting Investor to sell all of its rights, obligations and commitments under this Agreement, the Series 2019-3 Class A-1 Notes and, in connection therewith,
any other Transaction Documents to which it is a party, to an assignee; provided that (x) such assignment is made in compliance with Section 9.17 and (y) such Defaulting Investor shall have received from such assignee an amount equal
to such Defaulting Investor’s Committed Note Purchaser Percentage of the related Investor Group Principal Amount of such Defaulting Investor and all accrued interest thereon, accrued fees and all other amounts payable to such Defaulting
Investor hereunder or (ii) remove any Defaulting Investor as an Investor by paying to such Defaulting Investor an amount equal to such Defaulting Investor’s Committed Note Purchaser Percentage of the related Investor Group Principal Amount
of such Defaulting Investor and all accrued interest thereon, accrued fees and all other amounts payable to such Defaulting Investor hereunder. 

(b) In the event that a Defaulting Investor desires to sell all or any portion of it’s rights, obligations and
commitments under this Agreement, the Series 2019-3 Class A-1 Notes and, in connection therewith, any other Transaction Documents to which it is a party, to an
unaffiliated third party assignee for an amount less than 100% (or, if only a portion of such rights, obligations and commitments are proposed to be sold, such portion) of such Defaulting Investor’s Committed Note Purchaser Percentage of the
related Investor Group Principal Amount of such Defaulting Investor and all accrued interest thereon, accrued fees and all other amounts payable to such Defaulting Investor hereunder, such Defaulting Investor shall promptly notify the Issuer
Co-Issuers of the proposed sale (the “Sale Notice”). Each Sale Notice shall certify that such Defaulting Investor has received a firm offer from the
prospective unaffiliated third party and shall contain the material terms of the proposed sale, including, without limitation, the purchase price of the proposed sale and the portion of such Defaulting Investor’s rights, obligations and
commitments proposed to be sold. The
Issuer
Co-Issuers and any of itstheir respective Affiliates shall have an option for a period of three (3) Business Days from the date the Sale
Notice is given to elect to purchase such rights, obligations and commitments at the same price and subject to the same material terms as described in the Sale Notice. The Issuer
Co-Issuers or any of itstheir respective Affiliates may exercise such purchase option by notifying such Defaulting Investor before expiration
of such three (3) Business Days period that it wishes to purchase all (but not a portion) of the rights, obligations and commitments of such Defaulting Investor proposed to be sold to such unaffiliated third party. If the Issuer
Co-Issuers or any of itstheir Affiliates
givesgive
 notice to such Defaulting Investor that
it 
desiresthey desire to purchase such, rights,
obligations and commitments, the
Issuer
Co-Issuers or such Affiliate shall promptly pay the purchase price to such Defaulting Investor. If the
Issuer
Co-Issuers or any of itstheir respective Affiliates
doesdo
 not respond to any Sale Notice within such three (3) Business Days period, the IssuerCo-Issuers and itstheir
 respective Affiliates shall be deemed not to have exercised such purchase option. 
 (c) Notwithstanding
anything to the contrary contained in this Agreement, if any Investor becomes a Defaulting Investor, then, until such time as such Investor is no longer a Defaulting Investor, to the extent permitted by applicable law: 

(i) Such Defaulting Investor’s right to approve or disapprove any amendment, waiver or consent with respect to this
Agreement shall be restricted as set forth in Section 9.01. 
 (ii) Any payment of principal,
interest, fees or other amounts payable to the account of such Defaulting Investor (whether voluntary or mandatory, at maturity or otherwise) shall be applied (and the
Issuer
Co-Issuers shall instruct the Trustee to apply such amounts) as follows: first, to the payment on a pro rata basis of any amounts owing by such Defaulting
Investor to the Administrative Agent hereunder; second, to the payment on a pro rata basis of any amounts owing by such Defaulting Investor to the L/C Provider or the Swingline Lender hereunder; third, to provide cash
collateral to the L/C Provider in accordance with Section 4.03(b) in an amount equal to the amount of Undrawn L/C Face Amounts at such time multiplied by the Commitment Percentage of such Defaulting Investor’s
Investor Group multiplied by the 

  
 53 

 Committed Note Purchaser Percentage of such Defaulting Investor; fourth, as
the
Issuer
Co-Issuers may request (so long as no Default or Event of Default exists), to the funding of any Advance in respect of which such Defaulting Investor has failed to fund its portion
thereof as required by this Agreement, as determined by the Administrative Agent; fifth, if so determined by the Administrative Agent and the
Issuer
Co-Issuers, to be held in a deposit account and released pro rata in order to (x) satisfy such Defaulting Investor’s potential future funding obligations with respect to
Advances under this Agreement and (y) to provide cash collateral to the L/C Provider in accordance with Section 4.03(b) in an amount equal to the amount of any future Undrawn L/C Face Amounts multiplied by the
Commitment Percentage of such Defaulting Investor’s Investor Group multiplied by the Committed Note Purchaser Percentage of such Defaulting Investor; sixth, to the payment of any amounts owing to the Investors, the L/C Provider or
the Swingline Lender as a result of any judgment of a court of competent jurisdiction obtained by any Investor, the L/C Provider or the Swingline Lender against such Defaulting Investor as a result of such Defaulting Investor’s breach of its
obligations under this Agreement; seventh, so long as no Default or Event of Default exists, to the payment of any amounts owing to the
Issuer
Co-Issuers as a result of any judgment of a court of competent jurisdiction obtained by the
Issuer
Co-Issuers against such Defaulting Investor as a result of such Defaulting Investor’s breach of its obligations under this Agreement; and eighth, to such Defaulting Investor
or as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Advances or any extensions of credit resulting from a drawing under any Letter of Credit that
has not been reimbursed as an Advance pursuant to Section 2.08(a) in respect of which such Defaulting Investor has not fully funded its appropriate share, and (y) such Advances were made or the related Letters
of Credit were issued at a time when the conditions set forth in Section 7.03 were satisfied or waived, such payment shall be applied solely to pay the Advances of, and extensions of credit resulting from a drawing under
any Letter of Credit that has not been reimbursed as an Advance pursuant to Section 2.08(a) owed to, all non-Defaulting Investors on a pro rata basis prior to being applied to
the payment of any Advances of, participations required to be purchased pursuant to Section 2.09(a) owed to, such Defaulting Investor until such time as all Advances and funded and unfunded participations in L/C
Obligations and Swingline Loans are held by the Investors pro rata in accordance with the Commitments without giving effect to Section 9.18(c)(iii). Any payments, prepayments or other amounts paid or
payable to a Defaulting Investor that are applied (or held) to pay amounts owed by a Defaulting Investor or to post cash collateral pursuant to this Section 9.18(c)(ii) shall be deemed paid to and redirected
by such Defaulting Investor, and each Investor irrevocably consents hereto. 
 (iii) All or any part of such
Defaulting Investor’s participation in L/C Obligations and Swingline Loans shall be reallocated among the non-Defaulting Investors pro rata based on their Commitments (calculated without
regard to such Defaulting Investor’s Commitment) but only to the extent that (x) the conditions set forth in Section 7.03 are satisfied at the time of such reallocation (and, unless the Issuer
Co-Issuers shall have otherwise notified the Administrative Agent at such time, the
Issuer
Co-Issuers shall be deemed to have represented and warranted that such conditions are satisfied at such time), and (y) such reallocation does not cause the product of any non-Defaulting Investor’s related Investor Group Principal Amount multiplied by such non-Defaulting Investor’s Committed Note Purchaser Percentage to exceed such non-Defaulting Investor’s Commitment Amount. No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Investor arising from that Investor having
become a Defaulting Investor, including any claim of a non-Defaulting Investor as a result of such non-Defaulting Investor’s increased exposure following such
reallocation. 
 (iv) If the reallocation described in clause (iii) above cannot, or can only partially, be
effected, the
Issuer
Co-Issuers shall, without prejudice to any right or remedy available to them hereunder or under law, prepay Swingline Loans in an amount equal to the amount that cannot be so reallocated.

  
 54 

 (d) If the
Issuer
Co-Issuers, the Administrative Agent, the Swingline Lender and the L/C Provider agree in writing that an Investor is no longer a Defaulting Investor, the Administrative Agent will so notify the
parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein (which may include arrangements with respect to any cash collateral), that Investor will, to the extent applicable, purchase
that portion of outstanding Advances of the other Investors or take such other actions as the Administrative Agent may determine to be necessary to cause the Advances and funded and unfunded participations in Letters of Credit and Swingline Loans to
be held pro rata by the Investors in accordance with their respective Commitments (without giving effect to Section 9.18(c)(iii)), whereupon such Investor will cease to be a Defaulting Investor;
provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the IssuerCo-Issuers while that Investor was
a Defaulting Investor; and provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Investor to Investor will constitute a waiver or release of any claim of
any party hereunder arising from that Investor’s having been a Defaulting Investor. 
 SECTION 9.19 No
Fiduciary Duties. The IssuerCo-Issuers, the ManagerManagers
 and the Guarantors acknowledge and agree that in connection with transaction contemplated in this Agreement, or any other services the Lender Parties may be deemed to be providing hereunder, notwithstanding any preexisting
relationship, advisory or otherwise, between the parties or any oral representations or assurances previously or subsequently made by the Lender Parties: (a) no fiduciary or agency relationship between any of the Issuer
Co-Issuers, the ManagerManagers, the Guarantors and any other person, on the one hand, and the Lender Parties, on the other, exists; (b) the
Lender Parties are not acting as advisor, expert or otherwise, to the IssuerCo-Issuers, the ManagerManagers
 or the Guarantors, and such relationship between the IssuerCo-Issuers, the ManagerManagers
 and the Guarantors, on the one hand, and the Lender Parties, on the other, is entirely and solely commercial, based on arms-length negotiations; (c) any duties and obligations that
the Lender Parties may have to the
Issuer
Co-Issuers, the ManagerManagers and the Guarantors shall be limited to those duties and obligations specifically stated herein; (d) the
Lender Parties and their respective affiliates may have interests that differ from those of the
Issuer
Co-Issuers, the ManagerManagers and the Guarantors; and (e) the Issuer
Co-Issuers, the ManagerManagers and the Guarantors have consulted their own legal and financial advisors to the extent they deemed
appropriate. The
Issuer
Co-Issuers, the ManagerManagers and the Guarantors hereby waive any claims that the Issuer
Co-Issuers, the ManagerManagers and the Guarantors may have against the Lender Parties with respect to any breach of fiduciary duty in
connection with the Series 2019-3 Class A-1 Notes. 

SECTION 9.20 No Guarantee by
Managers. The execution and delivery of this Agreement by Managerthe
 Managers shall not be construed as a guarantee or other credit support by any
Manager of the obligations of the Securitization Entities hereunder. The ManagerManagers shall not be liable in any respect for any obligation of the
Securitization Entities hereunder or any violation by any Securitization Entity of its covenants, representations and warranties or other agreements and obligations hereunder. 

SECTION 9.21 Acknowledgement and Consent to Bail-In of EEA Financial Institutions.
Notwithstanding anything to the contrary in any Indenture Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any EEA Financial Institution arising under any
Indenture Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: 

(a) the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities arising hereunder which may
be payable to it by any party hereto that is an EEA Financial Institution; and 

  
 55 

 (b) the effects of any Bail-In Action on any such
liability, including, if applicable: 
 (i) a reduction in full or in part or cancellation of any such liability; 

(ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA Financial
Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such
liability under this Agreement or any other Indenture Document; or 
 (iii) the variation of the terms of such liability in
connection with the exercise of the write-down and conversion powers of any EEA Resolution Authority. 
 For purposes of this
Section 9.21: 
 “Bail-In Action” means the exercise of
any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. 

“Bail-In Legislation” means, with respect to any EEA Member Country implementing
Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In
Legislation Schedule. Following the withdrawal of the UK from the EU (hereafter referred to as “Brexit”) this definition shall include substantially equivalent legislation in the UK. 

“EEA Financial Institution” means (a) any credit institution or investment firm established in any EEA Member Country
which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution
established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent. Following Brexit this definition shall also include an
institution in the UK subject to substantially similar supervision by UK regulators together with its parent and subsidiary entities whether in the UK or the EEA. 

“EEA Member Country” means any of the member states of the European Union, Iceland, Liechtenstein, and Norway. Following
Brexit this definition shall be deemed to include the UK. 
 “EEA Resolution Authority” means any public administrative
authority or any person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. Following Brexit this definition shall include any
authority in the UK exercising substantially similar powers under UK law. 
 “EU Bail-In
Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time. Following Brexit this definition
shall include substantially similar publications in the UK. 
 “Write-Down and Conversion Powers” means, with respect to
any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and
conversion powers are described in the EU Bail-In Legislation Schedule. 

  
 56 

 SECTION 9.22 Patriot Act. In accordance with the USA PATRIOT Act, to help fight the
funding of terrorism and money laundering activities, any Lender Party may obtain, verify and record information that identifies individuals or entities that establish a relationship with such Lender Party. Such Lender Party may ask for the name,
address, tax identification number and other information that will allow it to identify the individual or entity who is establishing the relationship or opening the account. Such Lender Party may also ask for formation documents such as articles of
incorporation, an offering memorandum, or other identifying documents to be provided. 
 SECTION 9.23 Recognition of the U.S. Special
Resolution Regimes. 
 (a) In the event that any Lender Party that is a Covered Entity becomes subject to a proceeding under a U.S.
Special Resolution Regime, the transfer from such Lender Party of this Agreement, and any interest and obligation in or under this Agreement, will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution
Regime if this Agreement, and any such interest and obligation, were governed by the laws of the United States or a state of the United States. 

(b) In the event that any Lender Party that is a Covered Entity or a BHC Act Affiliate of such Lender Party becomes subject to a proceeding
under a U.S. Special Resolution Regime, Default Rights under this Agreement that may be exercised against such Lender Party are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special
Resolution Regime if this Agreement were governed by the laws of the United States or a state of the United States. 
 For purposes of this
Section 9.23: 
 “BHC Act Affiliate” has the meaning assigned to the term “affiliate”
in, and shall be interpreted in accordance with, 12 U.S.C. § 1841(k). 
 “Covered Entity” means any of the following:
(i) a “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b); (ii) a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. §
47.3(b); or (iii) a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b). 

“Default Right” has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§
252.81, 47.2 or 382.1, as applicable. 
 “U.S. Special Resolution Regime” means each of (i) the Federal Deposit
Insurance Act and the regulations promulgated thereunder and (ii) Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the regulations promulgated thereunder. 

[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] 

  
 57 

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

			
	DRIVEN BRANDS FUNDING, LLC,
	as a Co-Issuer
		
	By:	 	
                     
                    

		 	Name:
		 	Title:
	
	 440 S. Church Street, Suite 700

Charlotte, NC 28202
 Attention: General Counsel

Facsimile: (704) 376-7905

Email:
 noah.pollackScott.Omelia@drivenbrands.com
  

DRIVEN BRANDS, INC.
CANADA FUNDING CORPORATION,

as Managera Co-Issuer 

		
	By:	 	
                     
                    

		 	Name:
		 	Title:
	
	 1460 Stone Church Road E.

Hamilton, ON L8W 3V3

Attention: General Counsel

Facsimile: (704) 376-7905

Email: Scott.Omelia@drivenbrands.com

 
 with a
copy to:
  
 440 S. Church Street, Suite 700

Charlotte, NC 28202
 Attention: General Counsel

Facsimile: (704) 376-7905
  

Email:
 noah.pollackScott.Omelia@drivenbrands.com 
  

DRIVEN BRANDS, INC., as U.S. Manager

 

	By:	 	
                     
                                

		 	Name:
		 	Title:
	
	440 S. Church Street, Suite 700

  
 Signature Page to
Class A-1 Note Purchase Agreement (Series 2019-3 Class A-1) 

 
			
	 Charlotte, NC 28202

Attention: General Counsel

Facsimile: (704) 376-7905

Email: Scott.Omelia@drivenbrands.com

 
 DRIVEN
BRANDS CANADA SHARED SERVICES INC., as Canadian Manager

		
	By:	 	
                     
                    

		 	Name:
		 	Title:
	
	 1460 Stone Church Road E.

Hamilton, ON L8W 3V3

Attention: General Counsel

Facsimile: (704) 376-7905

Email: Scott.Omelia@drivenbrands.com

 
 with a
copy to:
  

440 S. Church Street, Suite 700

Charlotte, NC 28202

Attention: General Counsel

Facsimile: (704) 376-7905

Email: Scott.Omelia@drivenbrands.com

  
 Signature Page to
Class A-1 Note Purchase Agreement (Series 2019-3 Class A-1) 

 
			
	 DRIVEN FUNDING HOLDCO, LLC
 DRIVEN
SYSTEMS LLC
 DRIVEN PRODUCT SOURCING LLC
 1-800-RADIATOR PRODUCT SOURCING LLC
 1-800-RADIATOR FRANCHISOR SPV LLC
 MEINEKE FRANCHISOR SPV LLC

MAACO FRANCHISOR SPV LLC
 ECONO LUBE FRANCHISOR SPV LLC

DRIVE N STYLE FRANCHISOR SPV LLC

MERLIN FRANCHISOR SPV LLC,

CARSTAR FRANCHISOR SPV LLC
 TAKE 5 FRANCHISOR SPV LLC

TAKE 5 PROPERTIES SPV LLC
 ABRA FRANCHISOR SPV LLC

MERLINFUSA FRANCHISOR
SPV LLC
 FUSA PROPERTIES SPV LLC

DRIVEN BRANDS CANADA FUNDING
CORPORATION

DRIVEN CANADA FUNDING HOLDCO
CORPORATION

CARSTAR CANADA SPV GP CORPORATION

CARSTAR CANADA SPV LP

MAACO CANADA SPV GP CORPORATION

MAACO CANADA SPV LP

MEINEKE CANADA SPV GP CORPORATION

MEINEKE CANADA SPV LP

TAKE 5 CANADA SPV GP CORPORATION

TAKE 5 CANADA SPV LP

GO GLASS FRANCHISOR SPV GP
CORPORATION

GO GLASS FRANCHISOR SPV LP

STAR AUTO GLASS FRANCHISOR SPV

GP CORPORATION

STAR AUTO GLASS FRANCHISOR SPV LP

DRIVEN CANADA PRODUCT SOURCING

GP CORPORATION

DRIVEN CANADA PRODUCT SOURCING LP

DRIVEN CANADA CLAIMS

MANAGEMENT GP CORPORATION

DRIVEN CANADA CLAIMS MANAGEMENT LP,

each as a Guarantor

		
	By:	 	
                     
                    

		 	Name:
		 	Title:

  
 Signature Page to Class A-1 Note Purchase Agreement (Series 2019-3 Class A-1) 

 
			
	 BARCLAYS BANK PLC,
 as
Administrative Agent

		
	By:	 	
                     

		 	Name:
		 	Title:
	
	BARCLAYS BANK PLC, NEW YORK BRANCH, as L/C Provider
		
	By:	 	
                     

		 	Name:
		 	Title:
	
	BARCLAYS BANK PLC, as Swingline Lender
		
	By:	 	
                     

		 	Name:
		 	Title:
	
	 BARCLAYS BANK PLC,
 as the Committed
Note Purchaser

		
	By:	 	
                     

		 	Name:
		 	Title:
	
	 BARCLAYS BANK PLC,
 as the related
Funding Agent

		
	By:	 	
                     

		 	Name:
		 	Title:

  
 Signature Page to Class A-1 Note Purchase Agreement (Series 2019-3 Class A-1) 

 SCHEDULE I TO CLASS A-1 

NOTE PURCHASE AGREEMENT 

INVESTOR GROUPS AND COMMITMENTS 
  

													
	 Investor
 Group/Funding
Agent
	  	 Maximum

Investor Group

Principal Amount
	 	  	 Conduit

Lender

(if any)
	  	 Committed Note

Purchaser(s)
	  	 Commitment

Amount
	 
	 Barclays Bank PLC
	  	$	115,000,000.00	 	  	 N/A
	  	 Barclays Bank PLC
	  	$	115,000,000.00	 

  
 Schedule I- 1 

 SCHEDULE II TO CLASS A-1 

NOTE PURCHASE AGREEMENT 

NOTICE ADDRESSES FOR LENDER PARTIES AND AGENTS 

Conduit Investors 

Barclays Bank PLC 
 N/A

 Committed Note Purchaser 

Barclays Bank PLC 

Barclays Bank PLC 
 1301 Sixth
Avenue 
 New York, New York 10019 

Attention: Roger Billotto 

Telephone: 201-499-8482 

Email: BarcapConduitOps@Barclays.com and ASGReports@barclays.com 

and 
 Barclays Bank PLC 

745 Seventh Avenue, 5th Floor 

New York, New York 10019 

Attention: David Hufnagel 

Telephone: 212-528-7475 

Email: David.Hufnagel@barclays.com 

Funding Agent 

Barclays Bank PLC 

Barclays Bank PLC 
 1301 Sixth
Avenue 
 New York, New York 10019 

Attention: Roger Billotto 

Telephone: 201-499-8482 

Email: BarcapConduitOps@Barclays.com and ASGReports@barclays.com 

and 
 Barclays Bank PLC 

745 Seventh Avenue, 5th Floor 

New York, New York 10019 

Attention: David Hufnagel 

Telephone: 212-528-7475 

Email: David.Hufnagel@barclays.com 

  
 Schedule II- 1 

 Administrative Agent 

Barclays Bank PLC 

Barclays Bank PLC 
 1301 Sixth
Avenue 
 New York, New York 10019 

Attention: Roger Billotto 

Telephone: 201-499-8482 

Email: BarcapConduitOps@Barclays.com and ASGReports@barclays.com 

and 
 Barclays Bank PLC 

745 Seventh Avenue, 5th Floor 

New York, New York 10019 

Attention: David Hufnagel 

Telephone: 212-528-7475 

Email: David.Hufnagel@barclays.com 

Swingline Lender 

Barclays Bank PLC 

Barclays Bank PLC 
 1301 Sixth
Avenue 
 New York, New York 10019 

Attention: Roger Billotto 

Telephone: 201-499-8482 

Email: BarcapConduitOps@Barclays.com and
ASGReports@barclays.comASGReports@barclays.com
 
 and 

Barclays Bank PLC 
 745 Seventh
Avenue, 5th Floor 
 New York, New York 10019 

Attention: David Hufnagel 

Telephone: 212-528-7475 

Email: David.Hufnagel@barclays.com 

L/C Provider 

Barclays Bank PLC, New York Branch 

Barclays Bank PLC, New York Branch 

200 Park Avenue 
 New York, NY
10166 
 Attention: Letters of Credit/Dawn Townsend 

Telephone: (201) 499-2081 

Fax: (212) 412-5011 

Email: xraletterofcredit@barclays.com 

  
 Schedule II- 2 

 and 
 Barclays
Bank PLC 
 1301 Sixth Avenue 
 New York, New York 10019 

Attention: Roger Billotto 
 Telephone: 201-499-8482 
 Email: BarcapConduitOps@Barclays.com and ASGReports@barclays.com

 and 
 Barclays Bank PLC 

745 Seventh Avenue, 5th Floor 
 New York, New York 10019 

Attention: David Hufnagel 
 Telephone: 212-528-7475 
 Email: David.Hufnagel@barclays.com 

  
 Schedule II- 3 

 SCHEDULE III TO CLASS A-1 

NOTE PURCHASE AGREEMENT 

ADDITIONAL CLOSING CONDITIONS 
 The
following are the additional conditions to initial issuance and effectiveness referred to in Section 7.01(d): 

(a)    All corporate proceedings and other legal matters incident to the authorization, form and validity of each of the
Transaction Documents, and all other legal matters relating to the Transaction Documents and the transactions contemplated thereby, shall be reasonably satisfactory in all material respects to the Lender Parties, and the Issuer, the U.S. Manager and
the U.S. Guarantors shall have furnished to the Lender Parties all documents and information that the Lender Parties
or their counsel may reasonably request to enable them to pass upon such matters. 
 (b)    Richards, Layton &
Finger, P.A., as counsel to the Issuer, the U.S. Manager and the U.S. Guarantors, shall have furnished to the Administrative Agent and the Lender Parties written opinions or reliance letters
that are customary for transactions of this type and reasonably satisfactory in form and substance to counsel to the Lender Parties, addressed to the Lender Parties and dated the Series 2019-3 Closing Date;
provided that with respect to perfection matters regarding the Securitization-Owned Locations contributed to the Securitization Entities on or around December 10, 2019, such opinion may be delivered on the date that is ten Business Days after
the Series 2019-3 Closing Date. 
 (c)    Paul, Weiss, Rifkind,
Wharton & Garrison LLP, as counsel to the Issuer, the
U.S. Manager and the U.S. Guarantors, shall have furnished to the Administrative Agent and the Lender Parties written opinions that are customary
for transactions of this type, including in respect of corporate, securities and investment company act matters, security interest matters, “true contribution” and “non-consolidation”
matters and tax matters, and in each case reasonably satisfactory in form and substance to counsel to the Lender Parties, addressed to the Lender Parties and dated the Series 2019-3 Closing Date. 

(d)    [Intentionally Omitted] 

(e)    [Intentionally Omitted] 

(f)    DLA Piper LLP, as franchise counsel to the Issuer, the U.S. Manager and the U.S. Guarantors, shall have furnished to the Administrative Agent and the Lender Parties reliance letters that are customary
for transactions of this type and reasonably satisfactory in form and substance to counsel to the Lender Parties, addressed to the Lender Parties and dated the Series 2019-3 Closing Date. 

(g)    Dentons US LLP, as counsel to the Trustee, shall have furnished to the Administrative Agent and the Lender Parties
written opinions that are customary for transactions of this type and reasonably satisfactory in form and substance to counsel to the Lender Parties, addressed to the Lender Parties and dated the Series 2019-3
Closing Date. 
 (h)    The Administrative Agent and the Lender Parties shall have received an opinion or reliance
letter of Andrascik & Tita LLC, counsel to the Servicer, dated the Series 2019-3 Closing Date and addressed to the Administrative Agent and the Lender Parties, in form and substance reasonably
satisfactory to counsel to the Lender Parties. 
 (i)    The Administrative Agent and the Lender Parties shall have
received an opinion or reliance letter of in-house counsel to the Back-Up Manager, dated as of the Series 2019-3 Closing Date and addressed to the Administrative Agent
and the Lender Parties, in form and substance reasonably satisfactory to counsel to the Lender Parties. 

  
 Schedule III- 1 

 (j)    Each of the Issuer, the U.S. Manager and
the U.S. Guarantors, as applicable, shall have furnished or caused to be furnished to the Administrative Agent a
certificate of the Chief Financial Officer of the Issuer, the U.S. Manager and the U.S. Guarantors, as applicable, or other officers reasonably satisfactory to the Administrative Agent, dated as of the Series
2019-3 Closing Date, as to such matters as the Administrative Agent may reasonably request, including, without limitation, a statement that the representations, warranties and agreements of the Issuer, the U.S. Manager and the
U.S. Guarantors, as applicable, in any other Transaction Document to which any of the Issuer, the U.S. Manager and the
U.S. Guarantors, as applicable, is a party are true and correct (A) if qualified as to materiality, in all
respects, and (B) if not so qualified, in all material respects, on and as of the Series 2019-3 Closing Date (unless stated to relate solely to an earlier date, in which case such representations and
warranties shall be true and correct (x) if qualified as to materiality, in all respects, and (y) if not so qualified, in all material respects, as of such earlier date), and the Issuer, the U.S. Manager, and
each U.S. Guarantor, as applicable, has complied in all material respects with all its agreements contained herein
and in any other Transaction Document to which it is a party and satisfied all the conditions on its part to be performed or satisfied hereunder or thereunder at or prior to the Series 2019-3 Closing Date.

 (k)    There shall exist at and as of the Series 2019-3 Closing Date no
condition that would constitute an “Event of Default” (or an event that with notice or the lapse of time, or both, would constitute an “Event of Default”) under, and as defined in, the Indenture or a material breach under any of
the Transaction Documents as in effect at the Series 2019-3 Closing Date (or an event that with notice or lapse of time, or both, would constitute such a material breach). On the Series 2019-3 Closing Date, each of the Transaction Documents shall be in full force and effect. 

(l)    The Series 2019-3 Supplement shall have been duly executed and delivered by
the Issuer, the 2019-3 Securities Intermediary and the Trustee, the Series 2019-3 Class A-1 Notes shall have been duly
executed and delivered by the Issuer and duly authenticated by the Trustee, and the Administrative Agent shall have received duly executed copies thereof. 

(m)    The
U.S. Manager,
each U.S. Guarantor and the Issuer shall have furnished to the Administrative Agent and the Lender Parties a
certificate, dated as of the Series 2019-3 Closing Date, of the Chief Financial Officer of such entity that such entity will be Solvent immediately after the consummation of the transactions contemplated by
this Agreement. 
 (n)    None of the transactions contemplated by this Agreement shall be subject to an injunction
(temporary or permanent) and no restraining order or other injunctive order shall have been issued; and there shall not have been any legal action, order, decree or other administrative proceeding instituted or (to the knowledge of the Issuer or the
U.S. Manager) overtly threatened against the Issuer, the
U.S. Manager and
the U.S. Guarantors or the Lender Parties that would reasonably be expected to adversely impact the issuance of the
Series 2019-3 Notes and the Guarantee and Collateral Agreement or the Lender Parties’ activities in connection therewith or any other transactions contemplated by the Transaction Documents. 

(o)    The representations and warranties of each of the Issuer, the U.S. Manager and
the U.S. Guarantors (to the extent a party thereto) contained in the Transaction Documents to which any of the
Issuer, the U.S. Manager and
the U.S. Guarantors is a party will be true and correct (i) if qualified as to materiality, in all respects, and
(ii) if not so qualified, in all material respects, as of the Series 2019-3 Closing Date (unless stated to relate solely to an earlier date, in which case such representations and warranties shall be true
and correct (x) if qualified as to materiality, in all respects, and (y) if not so qualified, in all material respects, as of such earlier date). 

  
 Schedule III- 2 

 (p)    On or prior to the Series
2019-3 Closing Date, the U.S. Manager, the U.S. Guarantors and the Issuer shall have furnished to the
Administrative Agent and the Lender Parties such further certificates and documents as the Lender Parties may reasonably request. 

All opinions, letters, evidence and certificates mentioned above or elsewhere in this Agreement shall be deemed to be in compliance with the
provisions hereof only if they are in form and substance reasonably satisfactory to counsel for the Administrative Agent. 

  
 Schedule III- 3 

 SCHEDULE IV TO CLASS A-1 

NOTE PURCHASE AGREEMENT 

Letters of Credit 
  

																					
	 Applicant
	  	Beneficiary	 	  	Facility
Maturity	 	  	LC
Effective
Date	 	  	LC Expiry
Date	 	  	Face Amount	 
		  				  				  				  				  			
		  				  				  				  				  			
		  				  				  				  				  			
		  				  				  				  				  			
		  				  				  				  				  			
		  				  				  				  				  			
		  				  				  				  				  			
		  				  				  				  				  			
		  				  				  				  				  			
		  				  				  				  				  			
		  				  				  				  				  			
		  				  				  				  				  			

  
 Schedule IV- 1 

SCHEDULE V TO CLASS A-1 

NOTE PURCHASE
AGREEMENT 

“U.S.
 Guarantors” 
  

	 	1.	 Driven Funding Holdco, LLC, a
Delaware limited liability company
(“Holdings”)

  

	 	2.	 Driven Systems LLC, a Delaware
limited liability company (“Driven
Systems”) 

  

	 	3.	 Driven Product Sourcing LLC, a
Delaware limited liability company (“Driven
Products”) 

  

	 	4.	
1-800-Radiator Product Sourcing LLC, a Delaware limited liability company
(“Radiator

Products”) 

  

	 	5.	
1-800-Radiator Franchisor SPV LLC, a Delaware limited liability company (“Radiator
Franchisor”)
 

  

	 	6.	 Meineke Franchisor SPV LLC, a
Delaware limited liability company
(“Meineke
Franchisor”)
 

  

	 	7.	 Maaco Franchisor SPV LLC, a
Delaware limited liability company (“Maaco
Franchisor”) 

  

	 	8.	 Econo Lube Franchisor SPV LLC,
a Delaware limited liability company (“Econo
Lube
Franchisor”)
 

  

	 	9.	 Drive N Style Franchisor SPV
LLC, a Delaware limited liability company (“Drive N
Style
Franchisor”)
 

  

	 	10.	 Merlin Franchisor SPV LLC, a
Delaware limited liability company (“Merlin
Franchisor”) 

  

	 	11.	 CARSTAR Franchisor SPV LLC, a
Delaware limited liability company (“CARSTAR
Franchisor”) 

  

	 	12.	 Take 5 Franchisor SPV LLC, a
Delaware limited liability company (“Take 5
Franchisor”) 

  

	 	13.	 Take 5 Properties SPV LLC, a
Delaware limited liability company (“Take 5
Properties”) 

  

	 	14.	 ABRA Franchisor SPV LLC, a
Delaware limited liability company (“ABRA
Franchisor”) 

  

	 	15.	 FUSA Properties SPV LLC, a
Delaware limited liability company (“FUSA
Properties”) 

  

	 	16.	 FUSA Franchisor SPV LLC, a
Delaware limited liability company (“FUSA
Franchisor”) “

Canadian
Guarantors” 
  

	 	17.	 Driven Canada Funding HoldCo
Corporation, a Canadian corporation
(“Canadian
Holdings”)
 

  

	 	18.	 Carstar Canada SPV GP
Corporation, a Canadian corporation (“Canadian CARSTAR
GP”) 

  

	 	19.	 Carstar Canada SPV LP, an
Ontario limited partnership (“Canadian
CARSTAR”) 

  

	 	20.	 Maaco Canada SPV GP
Corporation, a Canadian corporation (“Canadian
Maaco
Franchisor
GP”) 

  

	 	21.	 Maaco Canada SPV LP, an
Ontario limited partnership (“Canadian Maaco
Franchisor”) 

  

	 	22.	 Meineke Canada SPV GP
Corporation, a Canadian corporation (“Canadian
Meineke
Franchisor
GP”) 

  

	 	23.	 Meineke Canada SPV LP, an
Ontario limited partnership (“Canadian
Meineke
Franchisor”)
 

  

	 	24.	 Take 5 Canada SPV GP
Corporation, a Canadian corporation (“Canadian Take 5
GP”) 

  

	 	25.	 Take 5 Canada SPV LP, an
Ontario limited partnership (“Canadian Take
5”) 

  

	 	26.	 Go Glass Franchisor SPV GP
Corporation, a Canadian corporation (“Go Glass
Franchisor
GP”)
 

  

	 	27.	 Go Glass Franchisor SPV LP, an
Ontario limited partnership (“Go Glass
Franchisor”) 

  

	 	28.	 Star Auto Glass Franchisor SPV
GP Corporation, a Canadian corporation (“Star
Auto
Glass Franchisor
GP”) 

  

	 	29.	 Star Auto Glass Franchisor SPV
LP, an Ontario limited partnership (“Star Auto
Glass
Franchisor”)
 

  
 A- 1Schedule V- 1 

	 	30.	 Driven Canada Product Sourcing
GP Corporation, a Canadian corporation
(“Driven Canada Product Sourcing GP”) 

 

	 	31.	 Driven Canada Product Sourcing
LP, an Ontario limited partnership (“Driven
Canada Product Sourcing”) 

  

	 	32.	 Driven Canada Claims
Management GP Corporation, a Canadian corporation
(“Driven Canada Claims Management GP”) 

 

	 	33.	 Driven Canada Claims
Management LP, an Ontario limited partnership (“Driven
Canada Claims Management” 

  
 A-Schedule V- 2 

 EXHIBIT A TO CLASS A-1 

NOTE PURCHASE AGREEMENT 

ADVANCE REQUEST 
 DRIVEN
BRANDS FUNDING, LLC 

DRIVEN BRANDS CANADA
FUNDING CORPORATION 
 SERIES 2019-3 VARIABLE FUNDING SENIOR SECURED NOTES,
CLASS A-1 
 TO: 

BARCLAYS BANK PLC, as Administrative Agent 
 1301 Sixth
Avenue 
 New York, New York 10019 
 Attention: Roger Billotto

 Telephone: 201-499-8482 

Email: BarcapConduitOps@Barclays.com and ASGReports@barclays.com 

Barclays Bank PLC 
 745 Seventh Avenue, 5th Floor 

New York, New York 10019 
 Attention: David Hufnagel 

Telephone: 212-528-7475 

Email: David.Hufnagel@barclays.comDavid.Hufnagel@barclays.com 

Citibank, N.A., as Trustee 
 388 Greenwich Street 

New York, NY 10013 
 Attention: Agency & Trust –
Driven Brands Funding, LLC 
 Phone (888) 855-9695 (to obtain Citibank, N.A. account manager’s email address)

 and 
 Midland Loan Services, a division of PNC Bank,
National Association, 
 as Control Party 
 10851 Mastin Street

 Overland Park, KS 66210 
 Email: Brandy.Toepfer@midlandls.com

 Ladies and Gentlemen: 
 This Advance
Request is delivered to you pursuant to Section 2.03 of that certain Series 2019-3 Class A-1 Note Purchase Agreement, dated as of December
11, 2019 (as amended, supplemented, amended and restated or otherwise modified from time to time, the “Series 2019-3 Class A-1 Note
Purchase Agreement”; terms defined therein being used herein as therein defined) among Driven Brands Funding, LLC, as Issuer, and Driven Brands Canada Funding Holdco, LLC, Driven Systems LLC, Driven Product Sourcing LLC, 1-800-Radiator Product Sourcing
LLC, 1-800-Radiator Franchisor SPV LLC, Meineke Franchisor SPV LLC, Maaco Franchisor SPV LLC, Econo Lube Franchisor SPV LLC, Drive N Style Franchisor SPV LLC, CARSTAR
Franchisor SPV LLC, Take 5 Franchisor SPV LLC, Take 5 Properties SPV LLC, ABRA Franchisor SPV LLC, and Merlin Franchisor SPV LLC (each, a
“Guarantor” and,
collectivelyCorporation, as Co-Issuers, the “Guarantors”) party
thereto, Driven Brands, Inc. and Driven Brands Canada
Shared Services Inc., as the ManagerManagers, the Conduit Investors, the Committed Note Purchasers, for each Investor Group, the Funding Agents, Barclays Bank PLC, New York Branch, as L/C Provider and Barclays Bank PLC, as Swingline Lender and Administrative
Agent. 

  
 A- 1 

 Unless otherwise defined herein or as the context otherwise requires, terms used herein have
the meaning assigned thereto under or as provided in the Recitals and Section 1.01 of the Series 2019-3 Class A-1 Note Purchase Agreement.

 The undersigned hereby requests that Advances be made in the aggregate principal amount of
$         on             , 20        . 

[IF THE REQUESTING
CO-ISSUER IS ELECTING EURODOLLAR RATE FOR THESE ADVANCES ON THE DATE MADE IN ACCORDANCE WITH SECTION 3.01(B) OF THE CLASS A-1 NOTE PURCHASE AGREEMENT, ADD THE FOLLOWING SENTENCE: The
undersigned hereby elects that the Advances that are not funded at the CP Rate by an Eligible Conduit Investor shall be Eurodollar Advances and the related Eurodollar Interest Accrual Period shall commence on the date of such
Eurodollar Advances and end on but exclude the date [one month subsequent to such date] [two months subsequent to such date] [three months subsequent to such date] [six months subsequent to such date].] 

The undersigned hereby acknowledges that the delivery of this Advance Request and the acceptance by the undersigned of the proceeds of the
Advances requested hereby constitute a representation and warranty by the undersigned that, on the date of such Advances, and before and after giving effect thereto and to the application of the proceeds therefrom, all conditions set forth in
Section 7.03 of the Series 2019-3 Class A-1 Note Purchase Agreement, including Section 7.03(a), have been satisfied. 

The undersigned agrees that if prior to the time of the Advances requested hereby any matter certified to herein by it will not be true and
correct at such time as if then made, it will immediately so notify both you and each Investor. Except to the extent, if any, that prior to the time of the Advances requested hereby you and each Investor shall receive written notice to the contrary
from the undersigned, each matter certified to herein shall be deemed once again to be certified as true and correct at the date of such Advances as if then made. 

Please wire transfer the proceeds of the Advances, first, at the election of the Issuer[Issuer][Canadian
Co-Issuer] $[        ] to the Swingline Lender and $[         ] to the L/C
Provider for application to repayment of outstanding Swingline Loans and Unreimbursed L/C Drawings, as applicable, and, second, to the
Issuer[Issuer][Canadian
 Co-Issuer] pursuant to the following instructions: 

[insert payment instruction for payment to
Co-Issuer] 

  
 A- 2 

 The undersigned has caused this Advance Request to be executed and
delivered, and the certification and warranties contained herein to be made, by its duly 
 Authorized Officer this     day of
            , 20    . 
  

			
	
[DRIVEN BRANDS,
INC., as U.S. Manager on behalf of the Issuer

		
	By:	 	
                    

		 	Name:
		 	Title:] 
	
	 [DRIVEN
BRANDS CANADA SHARED SERVICES INC., as Canadian Manager on behalf of
the Canadian Co-Issuer

		
	By:	 	
                    

		 	Name:
		 	Title:]

  
 A- 3 

 EXHIBIT A-1 TO CLASS
A-1 
 NOTE PURCHASE AGREEMENT 

SWINGLINE LOAN REQUEST 

DRIVEN BRANDS FUNDING, LLC 

DRIVEN BRANDS CANADA
FUNDING CORPORATION 
 SERIES 2019-3 VARIABLE FUNDING SENIOR SECURED NOTES, CLASS
A-1 
 TO: 

BARCLAYS BANK PLC, as Swingline Lender 
 1301 Sixth Avenue

 New York, New York 10019 
 Attention: Roger Billotto 

Telephone: 201-499-8482 

Email: BarcapConduitOps@Barclays.com and ASGReports@barclays.com 

and 
 Barclays Bank PLC 

745 Seventh Avenue, 5th Floor 
 New York, New York 10019 

Attention: David Hufnagel 
 Telephone: 212-528-7475 
 Email: David.Hufnagel@barclays.com 

Ladies and Gentlemen: 
 This Swingline Loan
Request is delivered to you pursuant to Section 2.06(b) of that certain Series 2019-3 Class A-1 Note Purchase Agreement, dated as of December 11, 2019
(as amended, supplemented, amended and restated or otherwise modified from time to time, the “Series 2019-3 Class A-1 Note Purchase
Agreement”; terms defined therein being used herein as therein defined) among Driven Brands Funding, LLC, as Issuer, and Driven Brands Canada Funding Holdco, LLC, Driven Systems LLC, Driven Product Sourcing LLC, 1-800-Radiator Product Sourcing LLC, 1-800-Radiator Franchisor SPV LLC, Meineke Franchisor SPV LLC, Maaco Franchisor SPV LLC, Econo Lube Franchisor SPV LLC, Drive N Style Franchisor SPV LLC, CARSTAR Franchisor SPV LLC, Take 5 Franchisor SPV LLC,
Take 5 Properties SPV LLC, ABRA Franchisor SPV LLC, and Merlin Franchisor SPV LLC (each, a “Guarantor” and,
collectivelyCorporation, as Co-Issuers, the “Guarantors”) party
thereto, Driven Brands, Inc. and Driven Brands Canada
Shared Services Inc., as the ManagerManagers, the Conduit Investors, the Committed Note Purchasers, for each
Investor Group, the Funding Agents, Barclays Bank PLC, New York Branch, as L/C Provider and Barclays Bank PLC, as Swingline Lender and Administrative Agent. 

Unless otherwise defined herein or as the context otherwise requires, terms used herein have the meaning assigned thereto under or as provided
in the Recitals and Section 1.01 of the Series 2019-3 Class A-1 Note Purchase Agreement. 

The undersigned hereby requests that Swingline Loans be made in the aggregate principal amount of $    
on             , 20    . 

  
 A-1- 1 

 The undersigned hereby acknowledges that the delivery of this Swingline Loan Request and the
acceptance by the undersigned of the proceeds of the Swingline Loans requested hereby constitute a representation and warranty by the undersigned that, on the date of such Advances, and before and after giving effect thereto and to the application
of the proceeds therefrom, all conditions set forth in Section 7.03 of the Series 2019-3 Class A-1 Note Purchase Agreement, including
Section 7.03(a), have been satisfied. 
 The undersigned agrees that if prior to the time of the Swingline Loans
requested hereby any matter certified to herein by it will not be true and correct at such time as if then made, it will immediately so notify you. Except to the extent, if any, that prior to the time of the Swingline Loans requested hereby you
shall receive written notice to the contrary from the undersigned, each matter certified to herein shall be deemed once again to be certified as true and correct at the date of such Swingline Loans as if then made. 

Please wire transfer the proceeds of the Swingline Loans to
the [Issuer][Canadian
Co-Issuer] pursuant to the following instructions: 

[insert payment instructions for payment to
the Co-Issuer] 

  
 A-1- 2 

 The undersigned has caused this Swingline Loan Request to be executed and delivered, and the certification
and warranties contained herein to be made, by its duly Authorized 
 Officer this      day of
            , 20    . 
  

					
	
[DRIVEN BRANDS, INC., as U.S. Manager on behalf of the Issuer

		
	By:	 	
                    

		 	Name:	 	
		 	Title:]	 	
	
	 [DRIVEN
BRANDS CANADA SHARED SERVICES INC., as Canadian Manager on behalf of
the Canadian Co-Issuer

		
	By:	 	
                    

		 	Name:	 	
		 	Title:]	 	

  
 A-1 - 3 

 EXHIBIT A-2 TO CLASS
A-1 
 NOTE PURCHASE AGREEMENT 

[Reserved] 

  
 A-2- 1 

 EXHIBIT B TO CLASS A-1 

NOTE PURCHASE AGREEMENT 

ASSIGNMENT AND ASSUMPTION AGREEMENT, dated as of
[                    ], among
[                    ] (the “Transferor”), each purchaser listed as an Acquiring Committed Note Purchaser on the signature pages
hereof (each, an “Acquiring Committed Note Purchaser”), the Funding Agent with respect to such Acquiring Committed Note Purchaser listed on the signature pages hereof (each, an “Acquiring Funding Agent”), and the
IssuerCo-Issuers, Swingline Lender and L/C
Provider listed on the signature pages hereof. 
 W I T N E S S E T H: 

WHEREAS, this Assignment and Assumption Agreement is being executed and delivered in accordance with Section 9.17(a)
of that certain Series 2019-3 Class A-1 Note Purchase Agreement, dated as of December 11, 2019 (as amended, supplemented, amended and restated or otherwise modified from time to time, the “Series
2019-3 Class A-1 Note Purchase Agreement”; terms defined therein being used herein as therein defined) among Driven Brands Funding,
LLC, as Issuer,
and Driven Brands Canada Funding Holdco, LLC, Driven Systems LLC, Driven Product Sourcing LLC, 1-800-Radiator Product Sourcing
LLC, 1-800-Radiator Franchisor SPV LLC, Meineke Franchisor SPV LLC, Maaco Franchisor SPV LLC, Econo Lube Franchisor SPV LLC, Drive N Style Franchisor SPV LLC, CARSTAR
Franchisor SPV LLC, Take 5 Franchisor SPV LLC, Take 5 Properties SPV LLC, ABRA Franchisor SPV LLC, and Merlin Franchisor SPV LLC (each, a “Guarantor” and, collectivelyCorporation, as Co-Issuers, the
“Guarantors”
) party thereto, Driven Brands, Inc. and Driven Brands Canada Shared Services Inc., as the
ManagerManagers
, the Conduit Investors, the Committed Note Purchasers, for each Investor Group, the Funding Agents, Barclays Bank PLC, New York Branch, as L/C Provider, and Barclays Bank PLC, as Swingline Lender
and Administrative Agent; 
 WHEREAS, each Acquiring Committed Note Purchaser (if it is not already an existing Committed Note
Purchaser) wishes to become a Committed Note Purchaser party to the Series 2019-3 Class A-1 Note Purchase Agreement; and 

WHEREAS, the Transferor is selling and assigning to each Acquiring Committed Note Purchaser, [all] [a portion of] its rights, obligations and
Commitment Amounts under the Series 2019-3 Class A-1 Note Purchase Agreement, the Series 2019-3 Class A-1 Advance Notes and each other Transaction Document to which it is a party with respect to the percentage of its Commitment Amount specified on Schedule I attached hereto; 

NOW, THEREFORE, the parties hereto hereby agree as follows: 

Upon the execution and delivery of this Assignment and Assumption Agreement by each Acquiring Committed Note Purchaser, each related Acquiring
Funding Agent, the Transferor, the Swingline Lender, the L/C Provider and, to the extent required by Section 9.17(a) of the Series 2019-3
Class A-1 Note Purchase Agreement, the IssuerCo-Issuers (the date of such
execution and delivery, the “Transfer Issuance Date”), each Acquiring Committed Note Purchaser shall be a Committed Note Purchaser, and each Acquiring Funding Agent shall be a Funding Agent, party to the Series 2019-3 Class A-1 Note Purchase Agreement for all purposes thereof. 

The Transferor acknowledges receipt from each Acquiring Committed Note Purchaser of an amount equal to the purchase price, as agreed between
the Transferor and such Acquiring Committed Note Purchaser (the “Purchase Price”), of the portion being purchased by such Acquiring Committed Note Purchaser (such Acquiring Committed Note Purchaser’s 

  
 B- 1 

 
“Purchased Percentage”) of (i) the Transferor’s Commitment Amount under the Series 2019-3
Class A-1 Note Purchase Agreement and (ii) the Transferor’s Committed Note Purchaser Percentage of the related Investor Group Principal Amount. The Transferor hereby irrevocably sells, assigns
and transfers to each Acquiring Committed Note Purchaser, without recourse, representation or warranty, and each Acquiring Committed Note Purchaser hereby irrevocably purchases, takes and assumes from the Transferor, such Acquiring Committed Note
Purchaser’s Purchased Percentage of (x) the Transferor’s Commitment Amount under the Series 2019-3 Class A-1 Note Purchase Agreement and (y) the
Transferor’s Committed Note Purchaser Percentage of the related Investor Group Principal Amount. 
 The Transferor has made
arrangements with each Acquiring Committed Note Purchaser with respect to [(i)] the portion, if any, to be paid, and the date or dates for payment, by the Transferor to such Acquiring Committed Note Purchaser of any program fees,
undrawn facility fee, structuring and commitment fees or other fees (collectively, the “Fees”) [heretofore received] by the Transferor pursuant to Section 3.02 of the Series
2019-3 Class A-1 Note Purchase Agreement prior to the Transfer Issuance Date [and (ii) the portion, if any, to be paid, and the date or dates for
payment, by such Acquiring Committed Note Purchaser to the Transferor of Fees or [                    ] received by such Acquiring Committed Note
Purchaser pursuant to the Series 2019-3 Supplement from and after the Transfer Issuance Date]. 

From and after the Transfer Issuance Date, amounts that would otherwise be payable to or for the account of the Transferor pursuant to the
Series 2019-3 Supplement or the Series 2019-3 Class A-1 Note Purchase Agreement shall, instead, be payable to or for the
account of the Transferor and the Acquiring Committed Note Purchaser, as the case may be, in accordance with its respective interests as reflected in this Assignment and Assumption Agreement, whether such amounts have accrued prior to the Transfer
Issuance Date or accrue subsequent to the Transfer Issuance Date. 
 Each of the parties to this Assignment and Assumption Agreement agrees
that at any time and from time to time upon the written request of any other party, it will execute and deliver such further documents and do such further acts and things as such other party may reasonably request in order to effect the purposes of
this Assignment and Assumption Agreement. 
 By executing and delivering this Assignment and Assumption Agreement, the Transferor and each
Acquiring Committed Note Purchaser confirm to and agree with each other and the other parties to the Series 2019-3 Class A-1 Note Purchase Agreement as follows: (i) other than the representation and warranty that it is the legal and
beneficial owner of the interest being assigned hereby free and clear of any adverse claim, the Transferor makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in
connection with the Series 2019-3 Supplement, the Series 2019-3 Class A-1 Note Purchase Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Indenture, the Series 2019-3 Class A-1 Notes,
the Transaction Documents or any instrument or document furnished pursuant thereto; (ii) the Transferor makes no representation or warranty and assumes no responsibility with respect to the financial condition of the IssuerCo-Issuers or the performance or observance by the IssuerCo-Issuers of any of the IssuerCo-Issuers’s obligations under the Indenture, the Series 2019-3
Class A-1 Note Purchase Agreement, the Transaction Documents or any other instrument or document furnished pursuant hereto; (iii) each Acquiring Committed Note Purchaser confirms that it has received a copy of the Indenture, the Series 2019-3 Class A-1 Note Purchase Agreement and such other Transaction Documents and other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this
Assignment and Assumption Agreement; (iv) each Acquiring Committed Note Purchaser will, independently and without reliance upon the Administrative Agent, the Transferor, the Funding 

  
 B- 2 

 
Agent or any other Investor Group and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action
under the Series 2019-3 Class A-1 Note Purchase Agreement; (v) each Acquiring Committed Note Purchaser appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers under the Series
2019-3 Class A-1 Note Purchase Agreement as are delegated to the Administrative Agent by the terms thereof, together with such powers as are reasonably incidental thereto, all in accordance with Article V of the Series 2019-3
Class A-1 Note Purchase Agreement; (vi) each Acquiring Committed Note Purchaser appoints and authorizes its related Acquiring Funding Agent to take such action as agent on its behalf and to exercise such powers under the Series 2019-3
Class A-1 Note Purchase Agreement as are delegated to such Acquiring Funding Agent by the terms thereof, together with such powers as are reasonably incidental thereto, all in accordance with Article V of the Series 2019-3 Class A-1
Note Purchase Agreement; (vii) each Acquiring Committed Note Purchaser agrees that it will perform in accordance with their terms all of the obligations that by the terms of the Series 2019-3
Class A-1 Note Purchase Agreement are required to be performed by it as an Acquiring Committed Note Purchaser; and (viii) each Acquiring Committed Note Purchaser hereby represents and warrants to the
IssuerCo-Issuers and the ManagerManagers that: (A) it has had an opportunity to discuss the IssuerCo-Issuers’s and the ManagerManagers’
s business, management and financial affairs, and the terms and conditions of the proposed purchase, with the
Issuer,Co-Issuers
 and the
ManagerManagers
 and their respective representatives; (B) it is an “accredited investor” within the meaning of Rule 501(a)(1), (2), (3) or (7) of Regulation D under the Securities Act and has
sufficient knowledge and experience in financial and business matters to be capable of evaluating the merits and risks of investing in, and is able and prepared to bear the economic risk of investing in, the Series 2019-3 Class A-1 Notes;
(C) it is purchasing the Series 2019-3 Class A-1 Notes for its own account, or for the account of one or more “accredited investors” within the meaning of Rule 501(a)(1), (2), (3) or (7) of Regulation D under the Securities
Act that meet the criteria described in clause (viii)(B) above and for which it is acting with complete investment discretion, for investment purposes only and not with a view to distribution, subject, nevertheless, to the understanding that
the disposition of its property shall at all times be and remain within its control, and neither it nor its Affiliates has engaged in any general solicitation or general advertising within the meaning of the Securities Act with respect to the Series
2019-3 Class A-1 Notes; (D) it understands that (I) the Series 2019-3 Class A-1 Notes have not been and will not be registered or qualified under the Securities Act or any applicable state securities laws or the securities laws
of any other jurisdiction and are being offered only in a transaction not involving any public offering within the meaning of the Securities Act and may not be resold or otherwise transferred unless so registered or qualified or unless an exemption
from registration or qualification is available and an opinion of counsel shall have been delivered in advance to the IssuerCo-Issuers, (II) the
Issuer isCo-Issuers are not
required to register the Series 2019-3 Class A-1 Notes, (III) any permitted transferee hereunder must meet the criteria described under clause (viii)(B) above and (IV) any transfer must comply with the provisions of
Section 2.8 of the Base Indenture, Section 4.3 of the Series 2019-3 Supplement and Section 9.03 or 9.17, as applicable, of the Series
2019-3 Class A-1 Note Purchase Agreement; (E) it will comply with the requirements of clause (viii)(D) above in connection with any transfer by it of
the Series 2019-3 Class A-1 Notes; (F) it understands that the Series 2019-3
Class A-1 Notes will bear the legend set out in the form of Series 2019-3 Class A-1 Notes attached to the Series 2019-3 Supplement and be subject to the restrictions on transfer described in such legend; (G) it will obtain for the benefit of the IssuerCo-Issuers from any purchaser of the Series 2019-3 Class A-1 Notes
substantially the same representations and warranties contained in the foregoing paragraphs; and (H) it has executed a Purchaser’s Letter substantially in the form of Exhibit D to the Series
2019-3 Class A-1 Note Purchase Agreement. 

Schedule I hereto sets forth (i) the Purchased Percentage for each Acquiring Committed Note Purchaser, (ii) the revised
Commitment Amounts of the Transferor and each 

  
 B- 3 

 Acquiring Committed Note Purchaser, and (iii) the revised Maximum Investor Group Principal Amounts for
the Investor Groups of the Transferor and each Acquiring Committed Note Purchaser (it being understood that if the Transferor was part of a Conduit Investor’s Investor Group and the Acquiring Committed Note Purchaser is intended to be part of
the same Investor Group, there will not be any change to the Maximum Investor Group Principal Amount for that Investor Group) and (iv) administrative information with respect to each Acquiring Committed Note Purchaser and its related Acquiring
Funding Agent. 
 This Assignment and Assumption Agreement and all matters arising under or in any manner relating to this Assignment and
Assumption Agreement shall be governed by, and construed in accordance with, the laws of the State of New York without giving effect to any choice of law or conflict provision or rule (whether of the State of New York or any other jurisdiction) that
would cause the application of the laws of any jurisdiction other than the State of New York, and the obligations, rights and remedies of the parties hereto shall be determined in accordance with such law. 

ALL PARTIES HEREUNDER HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE ANY RIGHTS THEY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY
LITIGATION BASED HEREON OR ON THE SERIES 2019-3 CLASS A-1 NOTE PURCHASE AGREEMENT, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH, THIS ASSIGNMENT AND ASSUMPTION
AGREEMENT OR THE SERIES 2019-3 CLASS A-1 NOTE PURCHASE AGREEMENT, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER ORAL OR WRITTEN) OR ACTIONS OF THE
PARTIES IN CONNECTION HEREWITH OR THEREWITH. ALL PARTIES ACKNOWLEDGE AND AGREE THAT THEY HAVE RECEIVED FULL AND SIGNIFICANT CONSIDERATION FOR THIS PROVISION AND THAT THIS PROVISION IS A MATERIAL INDUCEMENT FOR ALL PARTIES TO ENTER INTO THIS
ASSIGNMENT AND ASSUMPTION AGREEMENT. 

  
 B- 4 

 IN WITNESS WHEREOF, the parties hereto have caused this Assignment and Assumption Agreement
to be executed by their respective duly authorized officers as of the date first set forth above. 
  

			
	[                    ], as Transferor
		
	By:	 	
                     
                   

		 	Name:
		 	Title:
		
	By:	 	
                     
                   

		 	Name:
		 	Title:
	
	[                    ], as Acquiring Committed Note Purchaser
		
	By:	 	
                     
                   

		 	Name:
		 	Title:
	
	[                    ], as Acquiring Funding Agent
		
	By:	 	
                     
                   

		 	Name:
		 	Title:

  
 B- 5 

			
	 CONSENTED AND ACKNOWLEDGED BY THE
ISSUERCO-ISSUERS:

 
 DRIVEN BRANDS FUNDING, LLC, as
a Co-Issuer

		
	By:	 	
                     
                   

		 	Name:
		 	Title:
	
	DRIVEN BRANDS CANADA SHARED SERVICES INC., as a Co-Issuer
		
	By:	 	
                     
                   

		 	Name:
		 	Title:

  
 B- 6 

 
			
	CONSENTED BY:
	
	BARCLAYS BANK PLC, as Swingline Lender
		
	By:	 	
                     
                   

		 	Name:
		 	Title:
	
	BARCLAYS BANK PLC, NEW YORK BRANCH, as L/C Provider
		
	By:	 	
                     
                   

		 	Name:
		 	Title:

  
 B- 7 

 SCHEDULE I TO  

ASSIGNMENT AND ASSUMPTION AGREEMENT 

LIST OF ADDRESSES FOR NOTICES 

AND OF COMMITMENT AMOUNTS 

[                    ], as Transferor 

Prior Commitment Amount: $[        ] 

Revised Commitment Amount: $[        ] 

Prior Maximum Investor Group 
 Principal Amount:
$[        ] 
 Revised Maximum Investor 

Group Principal Amount: $[        ] 

Related Conduit Investor 
 (if applicable)
[                    ] 

[                    ], as 

Acquiring Committed Note Purchaser 
 Address: 

Attention: 
 Telephone: 

Email: 
 Purchased Percentage of 

Transferor’s Commitment Amount: [    ]% 

Prior Commitment Amount: $[        ] 

Revised Commitment Amount: $[        ] 

Prior Maximum Investor Group 
 Principal Amount:
$[        ] 

  
 B- 8 

 Revised Maximum Investor 

Group Principal Amount: $[        ] 

Related Conduit Investor 
 (if applicable)
[                    ] 

[                    ], as 

related Acquiring Funding Agent 
 Address: 

Attention: 
 Telephone: 

Email: 

  
 B- 9 

 EXHIBIT C TO CLASS A-1 

NOTE PURCHASE AGREEMENT 

INVESTOR GROUP SUPPLEMENT, dated as of
[                    ], among (i)
[                    ] (the “Transferor Investor Group”), (ii)
[                    ] (the “Acquiring Investor Group”), (iii) the Funding Agent with respect to the Acquiring Investor Group listed
on the signature pages hereof (each, an “Acquiring Funding Agent”), and (iv) the
Issuer
Co-Issuers, the Swingline Lender and the L/C Provider listed on the signature pages hereof. 

W I T N E S S E T H: 

WHEREAS, this Investor Group Supplement is being executed and delivered in accordance with Section 9.17(c) of that
certain Series 2019-3 Class A-1 Note Purchase Agreement, dated as of December 11, 2019 (as amended, supplemented, amended and restated or otherwise modified from
time to time, the “Series 2019-3 Class A-1 Note Purchase Agreement”; terms defined therein being used herein as therein defined)
among Driven Brands Funding, LLC, as
Issuer, and Driven Brands Canada Funding Holdco, LLC, Driven Systems LLC, Driven Product Sourcing LLC, 1-800-Radiator Product Sourcing
LLC, 1-800-Radiator Franchisor SPV LLC, Meineke Franchisor SPV LLC, Maaco Franchisor SPV LLC, Econo Lube Franchisor SPV LLC, Drive N Style Franchisor SPV LLC, CARSTAR Franchisor SPV LLC, Take 5 Franchisor SPV
LLC, Take 5 Properties SPV LLC, ABRA Franchisor SPV LLC, and Merlin Franchisor SPV LLC (each, a “Guarantor” and,
collectivelyCorporation, as Co-Issuers, the “Guarantors”)
party thereto, Driven Brands, Inc. and Driven Brands Canada Funding Corporation, as the ManagerManagers, the Conduit Investors, the Committed Note Purchasers, for each Investor Group, the Funding Agents, Barclays Bank PLC, New York Branch, as L/C Provider, and Barclays Bank PLC, as Swingline Lender and
Administrative Agent; 
 WHEREAS, the Acquiring Investor Group wishes to become a Conduit Investor and [a] Committed Note
Purchaser[s] with respect to such Conduit Investor under the Series 2019-3 Class A-1 Note Purchase Agreement; and 

WHEREAS, the Transferor Investor Group is selling and assigning to the Acquiring Investor Group [all] [a portion of] its respective rights,
obligations and commitments under the Series 2019-3 Class A-1 Note Purchase Agreement, the Series 2019-3 Class A-1 Advance Notes and each other Transaction Document to which it is a party with respect to the percentage of its Commitment Amount specified on Schedule I attached hereto; 

NOW, THEREFORE, the parties hereto hereby agree as follows: 

Upon the execution and delivery of this Investor Group Supplement by the Acquiring Investor Group, each related Acquiring Funding Agent with
respect thereto, the Transferor Investor Group, the Swingline Lender, the L/C Provider and, to the extent required by Section 9.17(c) of the Series 2019-3 Class A-1 Note Purchase Agreement, the IssuerCo-Issuers (the date of such
execution and delivery, the “Transfer Issuance Date”), the Conduit Investor and the Committed Note Purchaser[s] with respect to the Acquiring Investor Group shall be parties to the Series
2019-3 Class A-1 Note Purchase Agreement for all purposes thereof. 

The Transferor Investor Group acknowledges receipt from the Acquiring Investor Group of an amount equal to the purchase price, as agreed
between the Transferor Investor Group and the Acquiring Investor Group (the “Purchase Price”), of the portion being purchased by the Acquiring Investor Group (the Acquiring Investor Group’s “Purchased
Percentage”) of (i) the aggregate Commitment Amount[s] of the Committed Note Purchaser[s] included in the Transferor 

  
 C- 1 

 
Investor Group under the Series 2019-3 Class A-1 Note Purchase Agreement and (ii) the aggregate related
Committed Note Purchaser Percentage[s] of the related Investor Group Principal Amount. The Transferor Investor Group hereby irrevocably sells, assigns and transfers to the Acquiring Investor Group, without recourse, representation or warranty, and
the Acquiring Investor Group hereby irrevocably purchases, takes and assumes from the Transferor Investor Group, such Acquiring Investor Group’s Purchased Percentage of (x) the aggregate Commitment Amount[s] of the Committed Note
Purchaser[s] included in the Transferor Investor Group under the Series 2019-3 Class A-1 Note Purchase Agreement and (y) the aggregate related Committed Note Purchaser Percentage[s] of the related Investor Group Principal Amount. 

The Transferor Investor Group has made arrangements with the Acquiring Investor Group with respect to (i) the portion, if any, to be
paid, and the date or dates for payment, by the Transferor Investor Group to such Acquiring Investor Group of any program fees, undrawn facility fee, structuring and commitment fees or other fees (collectively, the “Fees”)
[heretofore received] by the Transferor Investor Group pursuant to Section 3.02 of the Series 2019-3 Class A-1 Note Purchase Agreement prior to the Transfer Issuance Date [and (ii) the portion, if any, to be paid,
and the date or dates for payment, by such Acquiring Investor Group to the Transferor Investor Group of Fees or [                    ] received by
such Acquiring Investor Group pursuant to the Series 2019-3 Supplement from and after the Transfer Issuance Date]. 

From and after the Transfer Issuance Date, amounts that would otherwise be payable to or for the account of the Transferor Investor Group
pursuant to the Series 2019-3 Supplement or the Series 2019-3 Class A-1 Note Purchase Agreement shall, instead, be payable to or for the account of the Transferor Investor Group and the Acquiring Investor
Group, as the case may be, in accordance with their respective interests as reflected in this Investor Group Supplement, whether such amounts have accrued prior to the Transfer Issuance Date or accrue subsequent to the Transfer Issuance Date. 

Each of the parties to this Investor Group Supplement agrees that at any time and from time to time upon the written request of any other
party, it will execute and deliver such further documents and do such further acts and things as such other party may reasonably request in order to effect the purposes of this Investor Group Supplement. 

The Acquiring Investor Group has executed and delivered to the Administrative Agent a Purchaser’s Letter substantially in the form of
Exhibit D to the Series 2019-3 Class A-1 Note Purchase Agreement. 

By executing and delivering this Investor Group Supplement, the Transferor Investor Group and the Acquiring Investor Group confirm to and
agree with each other and the other parties to the Series 2019-3 Class A-1 Note Purchase Agreement as follows: (i) other than the representation and warranty that it is the legal and beneficial owner of the interest being assigned hereby
free and clear of any adverse claim, the Transferor Investor Group makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with the Series 2019-3 Supplement, the Series 2019-3 Class A-1 Note Purchase Agreement or the execution, legality, validity, enforceability,
genuineness, sufficiency or value of the Indenture, the Series 2019-3 Class A-1 Notes, the Transaction Documents or any instrument or document furnished pursuant
thereto; (ii) the Transferor Investor Group makes no representation or warranty and assumes no responsibility with respect to the financial condition of the
IssuerCo-Issuers
 or the performance or observance by the IssuerCo-Issuers of any of the IssuerCo-Issuers’s obligations
 under the Indenture, the Series 2019-3 Class A-1 Note Purchase Agreement, the Transaction Documents or any other instrument or document furnished pursuant hereto;
(iii) the Acquiring Investor Group confirms that it has 

  
 C- 2 

 
received a copy of the Indenture, the Series 2019-3 Class A-1 Note Purchase Agreement and such other
Transaction Documents and other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Investor Group Supplement; (iv) the Acquiring Investor Group will, independently and without
reliance upon the Administrative Agent, the Transferor Investor Group, the Funding Agents or any other Person and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking
or not taking action under the Series 2019-3 Class A-1 Note Purchase Agreement; (v) the Acquiring Investor Group appoints and authorizes the Administrative
Agent to take such action as agent on its behalf and to exercise such powers under the Series 2019-3 Class A-1 Note Purchase Agreement as are delegated to the
Administrative Agent by the terms thereof, together with such powers as are reasonably incidental thereto, all in accordance with Article V of the Series 2019-3
Class A-1 Note Purchase Agreement; (vi) each member of the Acquiring Investor Group appoints and authorizes its related Acquiring Funding Agent, listed on Schedule I hereto, to take such
action as agent on its behalf and to exercise such powers under the Series 2019-3 Class A-1 Note Purchase Agreement as are delegated to such Acquiring Funding Agent
by the terms thereof, together with such powers as are reasonably incidental thereto, all in accordance with Article V of the Series 2019-3 Class A-1 Note
Purchase Agreement; (vii) each member of the Acquiring Investor Group agrees that it will perform in accordance with their terms all of the obligations that by the terms of the Series 2019-3
Class A-1 Note Purchase Agreement are required to be performed by it as a member of the Acquiring Investor Group; and (viii) each member of the Acquiring Investor Group hereby represents and warrants
to the IssuerCo-Issuers and the ManagerManagers that: (A) it has had an opportunity to discuss the IssuerCo-Issuers’s and
 the
ManagerManagers
’s business, management and financial
affairs, and the terms and conditions of the proposed purchase, with the IssuerCo-Issuers and the ManagerManagers and their respective representatives; (B) it is an “accredited investor” within the meaning of Rule 501(a)(1), (2), (3) or (7) of Regulation D under the Securities Act and has sufficient
knowledge and experience in financial and business matters to be capable of evaluating the merits and risks of investing in, and is able and prepared to bear the economic risk of investing in, the Series
2019-3 Class A-1 Notes; (C) it is purchasing the Series 2019-3 Class A-1
Notes for its own account, or for the account of one or more “accredited investors” within the meaning of Rule 501(a)(1), (2), (3) or (7) of Regulation D under the Securities Act that meet the criteria described in clause
(viii)(B) above and for which it is acting with complete investment discretion, for investment purposes only and not with a view to distribution, subject, nevertheless, to the understanding that the disposition of its property shall at all times
be and remain within its control, and neither it nor its Affiliates has engaged in any general solicitation or general advertising within the meaning of the Securities Act with respect to the Series 2019-3 Class A-1 Notes; (D) it understands that (I) the Series 2019-3 Class A-1 Notes have not been and will not be
registered or qualified under the Securities Act or any applicable state securities laws or the securities laws of any other jurisdiction and are being offered only in a transaction not involving any public offering within the meaning of the
Securities Act and may not be resold or otherwise transferred unless so registered or qualified or unless an exemption from registration or qualification is available and an opinion of counsel shall have been delivered in advance to the IssuerCo-Issuers, (II) the Issuer isCo-Issuers are not required to
register the Series 2019-3 Class A-1 Notes, (III) any permitted transferee hereunder must meet the criteria described under clause (viii)(B) above and
(IV) any transfer must comply with the provisions of Section 2.8 of the Base Indenture, Section 4.3 of the Series 2019-3 Supplement and
Section 9.03 or 9.17, as applicable, of the Series 2019-3 Class A-1 Note Purchase Agreement; (E) it will comply with the
requirements of clause (viii)(D) above in connection with any transfer by it of the Series 2019-3 Class A-1 Notes; (F) it understands that the Series 2019-3 Class A-1 Notes will bear the legend set out in the form of Series 2019-3
Class A-1 Notes attached to the Series 2019-3 Supplement and be subject to the restrictions on transfer described in such legend; (G) it will obtain for the
benefit of the
IssuerCo-Issuers from any purchaser of the Series 2019-3 Class A-1 Notes
substantially the same representations and warranties contained in the foregoing paragraphs; and (H) it has executed a Purchaser’s Letter substantially in the form of Exhibit D to the Series
2019-3 Class A-1 Note Purchase Agreement. 

  
 C- 3 

 Schedule I hereto sets forth (i) the Purchased Percentage for the Acquiring
Investor Group, (ii) the revised Commitment Amounts of the Transferor Investor Group and the Acquiring Investor Group, and (iii) the revised Maximum Investor Group Principal Amounts for the Transferor Investor Group and the Acquiring
Investor Group and (iv) administrative information with respect to the Acquiring Investor Group and its related Acquiring Funding Agent. 

This Investor Group Supplement and all matters arising under or in any manner relating to this Investor Group Supplement shall be governed by,
and construed in accordance with, the laws of the State of New York without giving effect to any choice of law or conflict provision or rule (whether of the State of New York or any other jurisdiction) that would cause the application of the laws of
any jurisdiction other than the State of New York, and the obligations, rights and remedies of the parties hereto shall be determined in accordance with such law. 

ALL PARTIES HEREUNDER HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE ANY RIGHTS THEY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY
LITIGATION BASED HEREON OR ON THE SERIES 2019-3 CLASS A-1 NOTE PURCHASE AGREEMENT, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH, THIS INVESTOR GROUP SUPPLEMENT OR THE
SERIES 2019-3 CLASS A-1 NOTE PURCHASE AGREEMENT, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER ORAL OR WRITTEN) OR ACTIONS OF THE PARTIES IN
CONNECTION HEREWITH OR THEREWITH. ALL PARTIES ACKNOWLEDGE AND AGREE THAT THEY HAVE RECEIVED FULL AND SIGNIFICANT CONSIDERATION FOR THIS PROVISION AND THAT THIS PROVISION IS A MATERIAL INDUCEMENT FOR ALL PARTIES TO ENTER INTO THIS INVESTOR GROUP
SUPPLEMENT. 
 IN WITNESS WHEREOF, the parties hereto have caused this Investor Group Supplement to be executed by their respective duly
authorized officers as of the date first set forth above. 
  

			
	[                    ], as Transferor Investor Group
		
	By:	 	  

		 	Name:
		 	Title
	
	[                    ], as Acquiring Investor Group
		
	By:	 	  

		 	Name:
		 	Title:

  
 C- 4 

 
			
	[                    ], as Acquiring Funding Agent
		
	By:	 	  

		 	Name:
		 	Title

  
 C- 5 

 
			
	 CONSENTED AND ACKNOWLEDGED BY THE
ISSUERCO-ISSUERS:

 
 DRIVEN BRANDS FUNDING, LLC, as
a Co-Issuer

		
	By:	 	
                     
                       

		 	Name:
		 	Title:
	
	DRIVEN BRANDS CANADA FUNDING CORPORATION, as a
Co-Issuer
		
	By:	 	
                     
                       

		 	Name:
		 	Title:

  
 C- 6 

 
			
	 CONSENTED BY:

 
 BARCLAYS BANK PLC, as Swingline
Lender

		
	 By:
	 	  

		 	 Name:

		 	 Title:

	
	BARCLAYS BANK PLC, NEW YORK BRANCH, as L/C Provider
		
	 By:
	 	  

		 	 Name:

		 	 Title:

  
 C- 7 

 SCHEDULE I TO  

INVESTOR GROUP SUPPLEMENT 

LIST OF ADDRESSES FOR NOTICES 

AND OF COMMITMENT AMOUNTS 

[                        ],
as 
 Transferor Investor Group 
 Prior Commitment
Amount: $[        ] 
 Revised Commitment Amount: $[        ] 

Prior Maximum Investor Group 
 Principal Amount:
$[        ] 
 Revised Maximum Investor 

Group Principal Amount: $[        ] 

[                        ],
as 
 Acquiring Investor Group 
 Address: 

Attention: 
 Telephone: 

Email: 
 Purchased Percentage of 

Transferor Investor Group’s Commitment Amount: [    ]% 

Prior Commitment Amount: $[        ] 

Revised Commitment Amount: $[        ] 

Prior Maximum Investor Group 
 Principal Amount:
$[        ] 
 Revised Maximum Investor 

Group Principal Amount: $[        ] 

  
 C- 8 

[                    ], as 

related Acquiring Funding Agent 
 Address: 

Attention: 
 Telephone: 

Email: 

  
 C- 9 

 EXHIBIT D TO CLASS A-1 

NOTE PURCHASE AGREEMENT 

[FORM OF PURCHASER’S LETTER] 

[INVESTOR] 
 [INVESTOR ADDRESS] 

Attention: [INVESTOR
CONTACT]                         [Date] 

Ladies and Gentlemen: 
 Reference is hereby made
to the Class A-1 Note Purchase Agreement dated December 11, 2019 (the “NPA”) relating to the purchase and sale (the “Transaction”) of up to $115,000,000 of Series 2019-3 Variable Funding Senior Secured Notes, Class A-1 (the “VFN Notes”) of Driven Brands Funding, LLC and Driven Brands Canada Funding Corporation (the “IssuerCo-Issuers”
). The Transaction will not be required to be registered with the Securities and Exchange Commission pursuant to the Securities Act of 1933, as amended (the “Act”) under an exemption from
registration granted in Section 4(a)(2) of the Act and Regulation D promulgated under the Act. Barclays Bank PLC is acting as administrative agent (the “Administrative Agent”) in connection with the Transaction. Unless
otherwise defined herein, capitalized terms have the definitions ascribed to them in the NPA. Please confirm with us your acknowledgement and agreement with the following: 

 

	 	(a)	 You are an “accredited investor” within the meaning of Rule 501(a)(1), (2), (3) or (7) of
Regulation D under the Securities Act (an “Accredited Investor”) and have sufficient knowledge and experience in financial and business matters to be capable of evaluating the merits and risks of purchasing, and are able and
prepared to bear the economic risk of purchasing, the VFN Notes. 

  

	 	(b)	 Neither the Administrative Agent nor its Affiliates (i) has provided you with any information with respect
to the IssuerCo-Issuers, the VFN Notes or the Transaction other than the
information contained in the NPA, which was prepared by the
IssuerCo-Issuers, or (ii) makes any representation as to the credit
quality of the IssuerCo-Issuers or the merits of a purchase of the VFN
Notes. The Administrative Agent has not provided you with any legal, business, tax or other advice in connection with the Transaction or your possible purchase of the VFN Notes. 

 

	 	(c)	 You acknowledge that you have completed your own diligence investigation of the
IssuerCo-Issuers and the VFN Notes and have had sufficient access to the agreements, documents, records, officers
and directors of the IssuerCo-Issuers to make your investment
decision related to the VFN Notes. You further acknowledge that you have had an opportunity to discuss the IssuerCo-Issuers’s and the
ManagerManagers’s
business, management and financial affairs, and the terms and conditions of the proposed purchase, with the IssuerCo-Issuers and the ManagerManagers and their respective
representatives. 

  

	 	(d)	 The Administrative Agent may currently or in the future own securities issued by, or have business
relationships (including, among others, lending, depository, risk management, advisory and banking relationships) with, the
IssuerCo-Issuers and itstheir respective affiliates, and the Administrative Agent will manage such security positions and business relationships as it determines to be in its best
interests, without regard to the interests of the holders of the VFN Notes. 

  
 D- 1 

	 	(e)	 You are purchasing the VFN Notes for your own account, or for the account of one or more Persons who are
Accredited Investors and who meet the criteria described in paragraph (a) above and for whom you are acting with complete investment discretion, for investment purposes only and not with a view to a distribution (but without prejudice to your
right at all times to sell or otherwise dispose of the VFN Notes in accordance with clause (f) below), subject, nevertheless, to the understanding that the disposition of your property shall at all times be and remain within your control, and
neither you nor your Affiliates has engaged in any general solicitation or general advertising within the meaning of the Act, or the rules and regulations promulgated thereunder with respect to the VFN Notes. You confirm that, to the extent you are
purchasing the VFN Notes for the account of one or more other Persons, (i) you have been duly authorized to make the representations, warranties, acknowledgements and agreements set forth herein on their behalf and (ii) the provisions of
this letter constitute legal, valid and binding obligations of you and any other Person for whose account you are acting; 

  

	 	(f)	 You understand that (i) the VFN Notes have not been and will not be registered or qualified under the Act
or any applicable state securities laws or the securities laws of any other jurisdiction and are being offered only in a transaction not involving any public offering within the meaning of the Act and may not be resold or otherwise transferred
unless so registered or qualified or unless an exemption from registration or qualification is available and an opinion of counsel shall have been delivered in advance to the
IssuerCo-Issuers, (ii) the Issuer
isCo-Issuers are not required to register the VFN Notes, (iii) any permitted transferee under the
NPA must be an Accredited Investor and (iv) any transfer must comply with the provisions of Section 2.8 of the Base Indenture, Section 4.3 of the Series 2019-3 Supplement and Section 9.03
or 9.17 of the NPA, as applicable; 

  

	 	(g)	 You will comply with the requirements of paragraph (f) above in connection with any transfer by you of the
VFN Notes; 

  

	 	(h)	 You understand that the VFN Notes will bear the legend set out in the form of VFN Notes attached to the Series 2019-3 Supplement and be subject to the restrictions on transfer described in such legend; 

  

	 	(i)	 Either (i) you are not acquiring or holding the VFN Notes for or on behalf of, or with the assets of, any
plan, account or other arrangement that is subject to Section 406 of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), Section 4975 of the Internal Revenue Code of 1986, as amended (the “Code”),
or provisions under any Similar Law (as defined in the Series 2019-3 Supplemental Definitions List attached to the Series 2019-3 Supplement as Annex A) or (ii) your
purchase and holding of the VFN Notes will not constitute or result in a non-exempt prohibited transaction under Section 406 of ERISA or Section 4975 of the Code or a violation of any applicable
Similar Law; and 

  

	 	(j)	 You will obtain for the benefit of the
IssuerCo-Issuers from any purchaser of the VFN Notes substantially the
same representations and warranties contained in the foregoing paragraphs. 

  
 D- 2 

 This letter agreement will be governed by and construed in accordance with the laws of the State of New York
without giving effect to any choice of law or conflict provision or rule (whether of the State of New York or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of New York. 

  
 D- 3 

 You understand that the Administrative Agent will rely upon this letter agreement in acting
as an Administrative Agent in connection with the Transaction. You agree to notify the Administrative Agent promptly in writing if any of your representations, acknowledgements or agreements herein cease to be accurate and complete. You irrevocably
authorize the Administrative Agent to produce this letter to any interested party in any administrative or legal proceeding or official inquiry with respect to the matters set forth herein. 

 

			
	 BARCLAYS BANK PLC,
 as
Administrative Agent

		
	By:	 	
                     
                    

		 	Name:
		 	Title:
	
	 Agreed and Acknowledged:
  

[INVESTOR]

		
	By:	 	  

		 	Name:
		 	Title:

  
 D- 4

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