Document:

EX-10.1(a)

 Exhibit 10.1(a) 
  

 
  
 Exhibit A

 [Form of] 
 ADMINISTRATIVE QUESTIONNAIRE 
 ADS Waste Holdings,
Inc. 
 Agent Address: Deutsche Bank Trust Company Returu form to:
~S”“ar,-“a,-“P,-“e:::;lt”“o””,n             Americas Telephone: (904) 271-2886 5022 Gate Parkway, Suite 200 Facsimile: (904) 779-3080
Jacksonville, Florida 23356 E-mail:              

It is very important that aU of the requested information be completed accurately and that this questionnaire be returned
promptly. If your institution is sub-allocating its allocation, please fill out an administrative questionnrure for each legal entity. 
 Legal Name of Lender to appear in Documentation: 

Signature Block Information:              

	 •
	  
	 Signing Credit Agreement o Yes o No 

	 •
	  
	 Coming in via Assignment o Yes o No Type of Lender:
             

 (Bank, Asset
Manager, BrokerlDealer, CLO/CDO; Finance Company, Hedge Fund, Insurance, Mutual Fund, Pension Fund, Other Regulated Investment Fund, Special Purpose Vehicle, Other- please specify) 

Lender Parent:              

Domestic Address Eurodollar Address 
 A-I 

 

 
  

Contacts/Notification Methods: Borrowings, Paydowns, Interest, Fees, etc. 

Primary Credit Contact Secondary Credit Contact Name: Company: Title: Address: 

Telephone: Facsimile: E-Mail Address: 
 Primary Operations Contact Secondary Operations Contact Name: Company: Title: Address: 
 Telephone: Facsimile: E-Mail Address: 
 Bid Contact
LC Contact Name: Company: Title: Address: 
 Telephone: Facsimile: E-Mail Address: 

A-2 

 

 
  

Lender’s Domestic Wire fustructions Bank Name: ABAlRouting No.: Account Name: Account No.: FFC Account Name: FFC
Account No.: Attention: Reference: 
 Lender’s Foreign Wire Instructions Currency: Bank Name: SwiftIRouting
No.: Account Name: Account No.: FFC Account Name: FFC Account No.: Attention: Reference: 
 Agent’s Wire
fustructions Bank Name: ABAlRouting No.: Account Name: Account No.: FFC Account Name: FFC Account No.: Attention: Reference: 
 A-3 

 

 
  
 Tax
Documents 
 NON-U.S. LENDER INSTITUTIONS: 

L Corporations: 
 Ifyour institution is incorporated outside ofthe United States for U.S. federal income tax purposes, and is the beneficial owner of the interest and other income it receives, you must
complete one of the following tax forms, as applicable to your institution: a.) IRS Form W-SBEN (Certificate of Foreign Status of Beneficial Owner) or b.) IRS Form W-SECI (Income Effectively Connected to a U.S. Trade or Business) 

A U.S. taxpayer identification number is required for any institution SUbmitting IRS Form W-SECL It is also required on
IRS Form W-8BEN for certain institutions claiming the benefits of a tax treaty with the U.S. Please refer to the instructions when completing the form applicable to your institution. In addition, please be advised that U.S. tax regulations do not
permit the acceptance offaxed forms. An original tax form must be submitted. . 
 ll. Flow-Through Entities:

 Ifyour institution is organized outside the U.S., and is classified for U.S. federal income tax purposes as
either a Partnership, Trust, Qualified or Non-Qualified Intermediary, or other non-U.S. flow-through entity, an original IRS Form W-SIMY (Certificate ofForeign Intermediary, Foreign Flow-Through Entity, or Certain U.S. Branches for United States Tax
Withholding) must be completed by the intermediary together with a withholding statement. Flow-through entities other than Qualified Intermediaries are required to include tax forms for each of the underlying beneficial owners. 

Please refer to the instructions when completing this form. In addition, please be advised that U.S. tax regulations do
not permit the acceptance of faxed forms. Original tax formes) must be submitted. 
 U.S. LENDER INSTITUTIONS:

 Ifyour institution is incorporated or organized within the United States, you must complete and return

 IRS Form W-9 (Request for Taxpayer Identification Number and Certification). Please be advised that we request
that you submit an original IRS Form W-9. 
 Pursuant to the language contained in the tax section ofthe Credit
Agreement, the applicable tax form for your institution must be completed and returned prior to the first payment ofincome. Failure to provide the proper tax form when requested may subject your institution to U.S. tax withholding. 

A-4 

 

 
  
 EXHIBIT B

 [Form of] 
 ASSIGNMENT AND ASSUMPTION 
 This Assignment and
Assumption (the “Assignment and Assumption”) is dated as of the Effective Date set forth below and is entered into by and between [Insert name ofAssignor] (the “Assignor”) and [Insert name ofAssignee] (the “Assignee”).
Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement (defined below), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1
attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full. 
 For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably purchases and assumes from the Assignor, subject to and
in accordance with the Standard Terms. and Conditions and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below, (i) all of the Assignor’s rights and obligations in its capacity as a
Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of such outstanding rights and obligations of the Assignor under
the respective facilities identified below (including participations in any Letters of Credit included in such facilities) and (ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other
right of the Assignor (in its capacity as a Lender) against any person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions
governed thereby or in any way based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and
obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned pursuant to clauses (i) and (ii) above being referred to herein collectively as, the “Assigned Interest”). Such sale
and assignment is without recourse to the Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by the Assignor. 
 1. Assignor: 
 2. 

[and is an Mfiliate of [identify Lender] I Debt Fund Mfiliate I Non-Debt Fund Affiliatel ] 

3. [ADS Waste Escrow Corp. I1][ADS Waste Holdings, Inc.] 

4. Administrative Agent: Deutsche Bank Trust Company Americas, as the administrative agent under the Credit Agreement

 5. Credit Agreement: The Credit Agreement, dated as of October 9,2012 (as amended, amended and restated,
supplemented or otherwise modified from time to time, the “Credit Agreement’), among ADS WASTE ESCROW CORP. n, a Delaware corporation, as Escrow Borrower, ADS WASTE HOLDINGS INC., as Borrower upon the Acquisition Date, ADVANCED DISPOSAL

 Select as applicable. 
 B-1 

 

 
  
 WASTE
HOLDINGS CORP., a Delaware corporation, as Intermediate Holdings upon the Acquisition Date, the Lenders from time to time party thereto, DEUTSCHE BANK TRUST COMPANY AMERICAS, as Administrative Agent and as Collateral Agent and the other parties
thereto. 
 6. Assigned Interest: 
 Aggregate Amount Percentage 
 I 

of Commitments! Amount of Assigned of Loans for all Commitments! Commitments! 

	 2
	  
	 

 Facility Assigned Lenders Loans Assigned Loans CUSIP Number 

	 •
	  
	 Term Loan $ $ % 

 I Revolving Credit $ $ % Commitment 

	 2
	  
	 

 Set forth, to at least 9 decimals, as a percentage of the CommitmentlLoans of all Lenders thereunder. 
 B-2 

 

 
  
 Effective
Date: _,201_ [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] 
 The terms set forth in this Assignment and Assumption are hereby agreed to: 
 ASSIGNOR 
 [NAME OF ASSIGNOR] 

By: 
 Title: 
 ASSIGNEE 

[NAME OF ASSIGNEE] 
 By: 
 Title: 

B-3 

 

 
  
 Consented
to and Accepted: 
 [ADS WASTE ESCROW CORP. II][ADS WASTE HOLDINGS, INCi 

By: 
 Name: Title: 

	 4
	  
	 

 DEUTSCHE BANK TRUST COMPANY AMERICAS, as Administrative Agent 
 By: 
 Name: Title: 

[, as Issuing Bank and Swingline Lender 
 By: 
 Name: 

Title: ]5 

	 3
	  
	 

 To be completed to the extent consent is required under Section 9.04(b) or the definition of “Eligible Assignee.” 

	 4
	  
	 

 To be completed to the extent consent is required under Section 9.04(b) or the definition of “Eligible Assignee.” 

	 5
	  
	 

 To be completed to the extent consent is required under Section 9.04(b) or the definition of “Eligible Assignee.” 

B-4 

 

 
  
 ANNEX 1 to
Assignment and Assumption 
 ADS WASTE HOLDINGS, INC. CREDIT AGREEMENT 

STANDARD TERMS AND CONDITIONS FOR ASSIGNMENT AND ASSUMPTION 

1. Representations and Warranties. 
 1.1 Assignor. The Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear
of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby, and
(b) assumes no responsibility with respect to (i) any statements, warranties or representations made in . or in connection with the Credit Agreement or any other Loan Document, (ii) the execution, legality, validity, enforceability,
genuineness, sufficiency or value of the Loan Documents or any collateral thereun-der, (iii) the financial condition of Intermediate Holdings, the Borrower, the Restricted Subsidiaries or any of their Affiliates or any other person obligated in
respect of any Loan Document or (iv) the performance or observance by Intermediate Holdings, the Borrower, the Restricted Subsidiaries or any of their Affiliates or any other person of any of their respective obligations under any Loan
Document. 
 1.2. Assignee. The Assignee (a) represents and warrants that (i) it has full power and
authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it meets all requirements of an
Eligible Assignee under the Credit Agreement (subject to receipt of such consents as may be required under the Credit Agreement), (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender
thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type represented by the Assigned Interest and either it, or
the Person exercising discretion in making its decision to acquire the Assigned Interest, is experienced in acquiring assets of such type, (v) it has received a copy of the Credit Agreement, and has received, or has been accorded the
opportunity to receive, copies of the most recent financial statements delivered pursuant to Sections 4.02G) or 5.01 thereof, as applicable, and such other documents and information as it has deemed appropriate to make its own credit analysis and
decision to enter into this Assignment and Assumption and to purchase the Assigned Interest, (vi) it has, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has
deemed appropriate, made its own credit analysis and decision to enter into this Assignment and Assumption and to purchase the Assigned Interest, (vii) it has duly completed an Administrative Questionnaire substantially in the form of Exhibit A
to the Credit Agreement, unless it is already a Lender under the Credit Agreement, (viii) the Administrative Agent has received a processing and recordation fee of $3,500 as of the Effective Date (unless such fee has been waived by the
Administrative Agent), (ix) it is [not a Fund Affiliate] [a [Non-Debt] [Debt] Fund Affiliate], (x) if it is a Foreign Lender, attached to the Assignment and Assumption is any documentation required to be delivered by it pursuant to
Section 2.20(f) of the Credit Agreement, duly completed and executed by the Assignee and (xi) it is not a Defaulting Lender; and (b) agrees that (i) it will, independently and without reliance on the Administrative Agent, the
Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents and (ii) it will perform in
accordance with their terms all of the obligations that by the terms of the Loan Documents are required to be performed by it as a Lender. 
 B-1 

 

 
  
 2.
Payments. From and after the Effective Date, the Administrative Agent shall make all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts that have accrued to
but excluding the Effective Date and to the Assignee for amounts that have accrued from and after the Effective Date. 
 3. General Provisions. This Assignment and Assumption shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns. This Assignment
and Assumption may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a signature page of this Assignment and Assumption by telecopy shall be effective as delivery of a
manually executed counterpart of this Assignment and Assumption. This Assignment and Assumption shall be construed in accordance with and governed by, the law of the State of New York without regard to conflicts of principles of law that would
require the application of the laws of another jurisdiction. 
 B-2 

 

 
  
 EXHIBIT C

 (Form of] 
 BORROWING REQUEST 
 Deutsche Bank Trust Company
Americas as Administrative Agent for the Lenders referred to below, 5022 Gate Parkway, Suite 200 Jacksonville, Florida 32256 Attention: Sara Pelton 
 Re: ADS WASTE HOLDINGS, INC. 
 (Date] 

Ladies and Gentlemen: 
 Reference is made to the Credit Agreement, dated as of October 9,2012 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit
Agreement”), among ADS WASTE ESCROW CORP. n, a Delaware corporation, as Escrow Borrower, ADS WASTE HOLDINGS INC., as Borrower upon the Acquisition Date, ADV ANCED DISPOSAL WASTE HOLDINGS CORP., a Delaware corporation, as Intermediate Holdings
upon the Acquisition Date, the Lenders from time to time party thereto, DEUTSCHE BANK TRUST COMPANY AMERICAS, as Administrative Agent and as Collateral Agent and the other parties thereto. Capitalized terms used but not defined herein shall have the
meanings given to them in the Credit Agreement. The undersigned Borrower hereby gives you notice pursuant to Section 2.03 of the Credit Agreement that it requests a Borrowing under the Credit Agreement, and in that connection sets forth below
the terms on which such Borrowing is requested to be made: 
 (A) Borrower ADS WASTE HOLDINGS, INC. 

(B) Class of Borrowing (Revolving Credit Borrowing] (Term Borrowing] (Incremental Term Borrowing] 

(C) Principal amount of Borrowing I 
 (D) Date of Borrowing (which is a Business Day) 

(E) Type of Borrowing (ABR] (Eurodollar] 
 (F) For Eurodollar Borrowing, the Interest Period and the last day thereof 
 Other than Swingline Loans, Loans requested shall be in an aggregate principal amount that is (i) an integral multiple of $1.0 million and not less than $5.0 million for Term
Borrowings, (ii) an integral multiple of $500,000 and not less than $500,000 for Revolving Credit Borrowings or (iii) equal to the remaining available balance of the applicable Commitments. 

D-l 

 

 
  
 (G) Funds
are requested to be disbursed to tbe undersigned Borrower’s account witb [BANK] (Account No. ). 
 The
undersigned Borrower hereby certifies tbat on the proposed Date of Borrowing, botb before and after giving effect thereto and to the application of proceeds tberefrom, tbe Borrowing complies with the terms and conditions of the Credit Agreement
(including, witbout limitation, Sections 4.01 (b) and 4.01(c) of the Credit Agreement). 
 [Signature Page
Follows] 
 D-2 

 

 
  
 ADS WASTE
HOLDINGS, INC. 
 By: 
 Name: 
 Title: [Responsible Officer] 

D-3 

 

 
  
 EXHIBIT D

 [Fonn of] 
 COMPLIANCE CERTIFICATE 
 Reference is made to the
Credit Agreement, dated as of October 9,2012 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among ADS WASTE ESCROW CORP. II, a Delaware corporation, as Escrow
Borrower, ADS WASTE HOLDINGS INC., as Borrower upon the Acquisition Date, ADVANCED DISPOSAL WASTE HOLDINGS CORP., a Delaware corporation, as Intermediate Holdings upon the Acquisition Date, the Lenders from time to time party thereto, DEUTSCHE BANK
TRUST COMPANY AMERICAS, as Administrative Agent and as Collateral Agent and the other parties thereto. Capitalized tenns used but not defined herein shall have the meanings given to them in the Credit Agreement. Pursuant to Section 5.02(a) of
the Credit Agreement, [ ], [Responsible Officer] of Advanced Disposal Waste Holdings Corp. (in such capacity and not in his or her individual capacity), hereby certifies as follows: 

a. [Attached hereto as are computations in reasonable detail demonstrating compliance with the financial covenant
contained in Section 6.13 of the Credit Agreement for the four consecutive fiscal quarter period ended [ ], 201[_].]1 [Attached hereto as Schedule 2 is Intennediate Holdings’ calculation of Excess Cash Flow for [the fiscal year of
Intermediate Holdings ended December 31,201 l [Attached hereto as Schedule 3 is the report of [ LLP].]3 

b. No Default or Event of Default has occurred under the Credit Agreement which has not been previously disclosed in
writing to the Administrative Agent pursuant to a Compliance Certificate.4 
 To accompany fmancial statements
delivered under Sections 5.D1(a) and (b) (to the extent such financial covenant is required to be tested at such time), which computations shall be reasonably satisfactory to the Administrative Agent. 

	 2
	  
	 

 To accompany financial statements delivered under Section 5.01(a) only. 

	 3
	  
	 

 To accompany financial statements delivered under Section 5.01(a) only and which report and opinion shall be prepared in accordance with generally accepted auditing standards and
shall not be subject to any “going concern” (except as a result of the maturity of any Loans occurring during the subsequent fiscal year) or like qualification or exception or any qualification or exception as to the scope of such audit.

	 4
	  
	 

 Ifa Default or Event of Default shall have occurred, an explanation specifying the nature and extent of such Default or Event of Default shall be provided on a separate page together with
an explanation of any corrective action taken or proposed to be taken with respect thereto (include, as applicable, information regarding actions, if any, taken since prior certificate). 

E-l 

 

 
  
 Dated this
( ] day of ( ], 20l(]. 
 ADVANCED DISPOSAL WASTE HOLDINGS CORP. 

By: 
 Name: 
 Title: [Financial Officer] 

E-2 

 

 
  
 SCHEDULE 1

 Financial Covenant 
 Maximum Total Leverage Ratio: Total Consolidated Debt to Consolidated EBITDA 
 Total Consolidated Debt calculation: 
 (i)
Aggregate amount of fudebtedness with respect to futermediate Holdings, without duplication, whether classified as fudebted-ness or otherwise on the consolidated balance sheet of futerme-diate Holdings, the Borrower and the Restricted Subsidiaries
for: 
 (a) borrowed money or credit obtained or other similar monetary obligations, direct or indirect
(including any· unpaid reimbursement obligations with respect to Letters of Credit, but excluding any contingent obligations with respect to Letters of Credit outstanding) 

(b) all obligations evidenced by notes, bonds, debentures, or other similar debt instruments (other than performance
bonds, landfill closure and post closure bonds) and related closure and post-closure liability obligations 
 (c)
the deferred purchase price of assets or services (other than trade payables incurred in the ordinary course of business) 
 (d) all obligations, liabilities and fudebtedness relating to Capital Lease Obligations and Synthetic Leases which correspond to principal 

plus 
 (li) fudebtedness of the type referred to in clause (i) above of another Person Guaranteed by futermediate Holdings, the Borrower or the Restricted Subsidiaries: 

(w) borrowed money or credit obtained or other similar monetary obligations, direct or indirect (including any unpaid
reimbursement obligations with respect to Letters of Credit, but excluding any contingent obligations with respect to Letters of Credit outstanding) 
 (x) all obligations evidenced by notes, bonds, debentures, or other similar debt instruments (other than performance bonds, landfill closure and post closure bonds) and related closure and
post-closure liability obligations 
 E-3 

 

 
  
 (y) the
deferred purchase price of assets or services (other than trade payables incurred in the ordinary course of business) 
 (z) all obligations, liabilities and Indebtedness relating to Capital Lease Obligations and Synthetic Leases which correspond to principal 

Total Consolidated Debt (the sum of (i)(a) through (i)(d) plus (ii)(w) through (ii)(z» 

Consolidated EBITDA calculation for such period: (i) Adjusted Net Income plus (or minus, as appropriate)
(ii) income taxes (iii) Consolidated Interest Expense 
 (iv) depreciation, depletion, accretion
expense, amortization, restructuring costs and expenses associated with the integration of acquired companies (including, without limitation, the Acquired Business and Permitted Acquisitions) with Intermediate Holdings, the Borrower and the
Restricted Subsidiaries (including, without limitation, severance and relocation expenses) 
 (v) other non-cash
expenses (including, without limitation, impairment charges, non-cash amortization of debt issuance costs, write-off of deferred financing fees and charges in connection with the Refinancing and in connection with the Credit Agreement, net foreign
exchange gain or loss, and net income or loss from equity accounted investee) 
 (vi) net gain or loss on sale of
capital assets 
 (vii) nonrecurring expenses or charges 

(viii) fair value adjustments attributable to stock options 

(ix) restricted share expense 
 (x) retention payments made to management of acquired companies (including, without limitation, the Acquired Business and Permitted Acquisitions) 

(xi) payments to management in respect of certain completed acquisitions 

E-4 

 

 
  

Consolidated EBITDA (the sum of (i) through (xi»5 

Total Consolidated Debt to Consolidated EBITDA ]:1.00 

Total Leverage Ratio Covenant Requirement No more than 

[ ]:1.00 

	 5
	  
	 

 Amount in clauses (i) through (xi), in each case, shall be only to the extent added to or deducted from Adjusted Net Income, without duplication, and determined in accordance with
GAAP. 
 E-5 

 

 
  
 SCHEDULE 2

 Excess Cash Flow Calculation: 

	 (1)
	  
	 Consolidated EBITDA for such fiscal year (as calculated in Schedule 1 above) 

minus 

	 (a)
	  
	 Consolidated Interest Expense actually paid in cash during such fiscal year 

	 (b)
	  
	 all Taxes actually paid in cash during such fiscal year 

(c) Capital Expenditures and closure and post-closure expenditures made in cash during such fiscal year to the extent
funded with internally-generated cash flows (excluding any reimbursement or other third party payments from private or governmental entities) 
 (d) the cash purchase price paid in such fiscal year in connection with Permitted Acquisitions made during such fiscal year to the extent funded with internally-generated cash flows

 (e) regularly scheduled principal amortization payments made in cash pursuant to Section 2.11 or with
respect to Intermediate Holdings’. the Borrower’s and the Restricted Subsidiaries’ other Total Consolidated Debt during such fiscal year 
 (f) to the extent that any of the following expenses were added in the calculation of Consolidated EBITDA and were paid in cash during such fiscal year: (i) to the extent added in the
calculation of Consolidated EBITDA, restructuring costs and expenses associated with the integration of acquired companies (including, without limitation, the Acquired Business and Permitted Acquisitions) with Intermediate Holdings, the Borrower and
the Restricted Subsidiaries (including, without limitation, severance and relocation expenses) (ii) to the extent added in the calculation of Consolidated EBITDA, non-recurring expenses or charges, and (iii) to the extent added in the
calculation of Consolidated EBITDA, retention payments made to management of acquired companies (including, without limitation, the Acquired Business and Permitted Acquisitions) and payments to management in respect of certain completed acquisitions

 (g) to the extent added in the calculation of Consolidated EBITDA, the amount of any cost savings (net of the
amount of actual benefits realized during such period) projected by 
 E-6 

 

 
  

Intermediate Holdings to be realized upon an acquisition (including, without limitation, excess owner’s compensation)

 (h) any increases in the accounts receivable and any decreases in the accounts payable of the Borrower and the
Restricted Subsidiaries during such fiscal year 
 plus 

(i) any decreases in the accounts receivable and any increases in the accounts payable of the Borrower and the Restricted
Subsidiary during such fiscal year 
 Excess Cash Flow «(1) less the sum of (a) through (h) plus
(i)) 
 E-7 

 

 
  
 SCHEDULE 3

 Report of [ LLP] 
 E-8 

 

 
  
 EXHIBIT E

 [Fonnofj 
 GUARANTEE AND COLLATERAL AGREEMENT 

 

 
  
 GUARANTEE
AND COLLATERAL AGREEMENT 
 dated as of 
 [ ],2012, among 
 ADS WASTE HOLDINGS, INC., as
Borrower, THE GRANTORS PARTY HERETO and 
 DEUTSCHE BANK TRUST COMPANY AMERICAS, 

as Collateral Agent 

 

 
  
 TABLE OF
CONTENTS 
 PAGE 
 SECTION 1. DEFINITIONS. 1 SECTION 2. GUARANTEES BY GUARANTORS. 8 SECTION 3. GRANT OF TRANSACTION LIENS. 10 SECTION 4. GENERAL REPRESENTATIONS AND WARRANTIES 11 SECTION 5. FURTHER
ASSURANCES; GENERAL COVENANTS 13 SECTION 6. RECORDABLE INTELLECTUAL PROPERTY 14 SECTION 7. INVESTMENT PROPERTY 15 SECTION 8. DEPOSIT ACCOUNTS 17 SECTION 9. CASH COLLATERAL ACCOUNTS 17 SECTION 10. COMMERCIAL TORT CLAIMS 18 SECTION 12.
LEITER-OF-CREDIT RIGHTS 18 SECTION 13. TRANSFER OF RECORD OWNERSHIP 18 SECTION 14. RIGHT TO VOTE SECURITIES. 19 SECTION 15. CERTAIN CASH DISTRIBUTIONS 19 SECTION 16. REMEDIES UPON EVENT OF DEFAULT. 19 SECTION 17. APPLICATION OF PROCEEDS. 20 SECTION
18. FEES AND EXPENSES; INDEMNIFICATION. 22 SECTION 19. AUTHORITY TO ADMINISTER COLLATERAL. 23 SECTION 20. LIMITATION ON DUTY IN RESPECT OF COLLATERAL 24 SECTION 21. GENERAL PROVISIONS CONCERNING THE COLLATERAL AGENT. 24 SECTION 22. TERMINATION OF
TRANSACTION LIENS; RELEASE OF COLLATERAL. 25 SECTION 23. ADDITIONAL GUARANTORS AND GRANTORS 25 
 SECTION 24.
NOTICES 26 
 SECTION 25. NO IMPLIED WAIVERS; REMEDIES NOT EXCLUSNE 26 SECTION 26. SUCCESSORS AND ASSIGNS 26
SECTION 27. AMENDMENTS AND WAIVERS 26 SECTION 28. CHOICE OF LA W 26 SECTION 29. WANER OF JURY TRIAL 26 SECTION 30. SEVERABILITY 27 
 -i- 

 

 
  
 SCHEDULES:

 Schedule 1 Equity Interests in Subsidiaries and Affiliates Owned by Original Grantors ScheduJe2 Other
Investment Property Owned by Original Grantors Schedule 3 Material Commercial Tort Claims 
 EXHIBITS:

 Exhibit A Guarantee and Collateral Agreement Supplement ExhibitB Copyright Security Agreement Exhibit C Patent
Security Agreement ExhibitD Trademark Security Agreement ExhibitE Perfection Certificate ExhibitF Issuer Control Agreement 

 

 
  
 GUARANTEE
AND COLLATERAL AGREEMENT 
 GUARANTEE AND COLLATERAL AGREEMENT dated as of [ ],2012, among ADS WASTE HOLDINGS,
INC., a Delaware corporation (the “Borrower”), the Guarantors party hereto and DEUTSCHE BANK TRUST COMPANY AMERlCAS, as Collateral Agent. 
 WHEREAS, the Borrower is entering into the Credit Agreement described in Section 1 hereof, pursuant to which the Borrower intends to borrow Loans and obtain Letters of Credit for the
purposes set forth therein; 
 WHEREAS, the Borrower is willing to secure (i) its obligations under the
Credit Agreement, (ii) its obligations under Hedging Agreements with Lenders and their Affiliates and (iii) certain other obligations, by granting Liens on its assets to the Collateral Agent as provided in the Security Documents;

 WHEREAS, Intermediate Holdings is willing to guarantee the foregoing obligations of the Borrower and to secure
its guarantee thereof by granting Liens on its assets to the Collateral Agent as provided in the Security Documents; 
 WHEREAS, the Borrower is willing to cause each of its Domestic Restricted Subsidiaries (other than Excluded Subsidiaries) to guarantee the foregoing obligations of the Borrower and to
secure its guarantee thereof by granting Liens on its assets to the Collateral Agent as provided in the Security Documents; 
 WHEREAS, the Lenders and the Issuing Bank are not willing to make Loans or issue or participate in Letters of Credit under the Credit Agreement, and the counterparties to the Hedging
Agreements referred to above are not willing to enter into or maintain them, unless (i) the foregoing obligations of the Borrower are secured and guaranteed as described above and (li) each guarantee thereof is secured by Liens on assets
of the relevant Guarantor as provided in the Security Documents; and 
 WHEREAS, upon any foreclosure or other
enforcement of the Security Documents, the net proceeds of the relevant Collateral are to be received by or paid over to the Collateral Agent and applied as provided herein; 
 NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as
follows: 
 SECTION 1. Definitions. 
 (a) Terms Defined in Credit Agreement. Terms defined in the Credit Agreement and not otherwise defined in subsection (b) or (c) of this Section 1 have, as used herein, the
respective meanings provided for therein. The rules of construction specified in Section 1.02 of the Credit Agreement also apply to this Agreement. 
 (b) Terms Defined in UCe. Unless otherwise defined herein or in the Credit Agreement, capitalized terms used herein that are defined in the UCC shall have the meanings assigned to them in
the UCC; provided that in any event, each of the following terms has the meaning specified in the UCC: 

 

 
  

Authenticate 9-102 Certificated Security 8-102 Chattel Paper 9-102 Commercial Tort Claim 9-102 

Commodity Account 9-102 Commodity Customer 2 Deposit Account 9-102 Document 9-102 Entitlement Holder 8-102 Entitlement
Order 8-102 Equipment 9-102 Financial Asset 8-102 & 103 Fixtures 9-102 HYibles 9-102 Goods 9-102 Instrument 9-102 Inventory 9-102 Investment Property 9-102 Letter-of-Credit Right 9-102 Record 9-102 

~Curities Account 8-501 
 Securities Intermediary 02 Security 8-102 & 103 Security Entitlement 8-102 Supporting Obligations 9-102 Uncertificated Security 8-102 

	 (c)
	  
	 Additional Definitions. The following additional terms, as used herein, have the following meanings:

 “Cash Collateral Account” has the meaning set forth in Section 9. 

“Cash Distributions” means dividends, interest and other distributions and payments (including proceeds of
liquidation, sale or other disposition) made or received in cash upon or with respect to any Collateral. 

“Collateral” shall mean all property (including all Intellectual Property), whether now owned or hereafter
acquired, on which a Lien is granted or pnrported to be granted to the Collateral Agent pursuant to the Security Documents. When used with respect to a specific Grantor, the term “Collateral” means all its property (including all
Intellectual Property) on which such a Lien is granted or purports to be granted. 
 “Collateral
Accounts” shall mean the Cash Collateral Accounts, the Controlled Deposit Accounts and the Controlled Securities Accounts. 
 “Contingent Obligation” shall mean, at any time, any Obligation (or portion thereot) that is contingent in nature at such time, including any Obligation that is: 

	 (i)
	  
	 an obligation to reimburse the Issuing Bank for drawings not yet made under a Letter of Credit issued by it;

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 (ii) an
obligation under a Secured Hedging Agreement to make payments that cannot be quantified at such time; 
 (iii)
any other obligation (including any guarantee) that is contingent in nature at such time; or 
 (iv) an
obligation to provide collateral to secure any of the foregoing types of obligations. 
 “Control”
shall have the meaning specified in UCC Section 8-106, 9-104, 9-105, 9-106 or 9-107, as may be applicable to the relevant CollateraL 
 “Controlled Deposit Account” shall mean a Deposit Account (i) that is subject to a Deposit Account Coritrol Agreement or (ii) as to which the Collateral Agent is the
Depositary Bank’s “customer” (as defined in UCC Section 4-104). 
 “Controlled
Securities Account” shall mean a Securities Account that (i) is maintained in the name of a Grantor at an office of a Securities Intermediary located in the United States and (ii) together with all Financial Assets credited thereto
and all related Security Entitlements, is subject to a Securities Account Control Agreement among such Grantor, the Collateral Agent and such Securities Intermediary. 
 “Copyright License” shall mean any agreement now or hereafter in existence granting to any Grantor, or pursuant to which any Grantor grants to any other Person, any right to use,
copy, reproduce, distribute, prepare derivative works, display or publish any records or other materials on which a Copyright is in existence or may come into existence, including any agreement identified in Schedule 1 to any Copyright Security
Agreement. 
 “Copyrights” shall mean all the following (i) all copyrights under the laws of the
United States or any other country (whether or not the underlying works of authorship have been published), all registrations and recordings thereof, all copyrightable works of authorship (whether or not published), and all applications for
copyrights under the laws of the United States or any other country, including registrations, recordings and applications in the United States Copyright Office or in any similar office or agency of the United States, any State thereof or any other
country or any political subdivision thereof, including the copyright registrations and copyright applications described in Schedule 1 to any Copyright Security Agreement, (ii) all renewals of any of the foregoing, (iii) all claims for,
and rights to sue for, past, present or future infringements of any of the foregoing and (iv) all income, royalties, damages and payments now or hereafter due or payable with respect to any of the foregoing, including damages and payments for
past, present or future infringements thereof. 
 “Copyright Security Agreement” shall mean a Copyright
Security Agreement, substantially in the form of Exhibit B (with any changes that the Collateral Agent shall have approved), executed and delivered by a Grantor in favor of the Collateral Agent for the benefit of the Secured Parties. 

“Credit Agreement” shall mean the Credit Agreement dated as of October 9, 2012 (as amended, supplmented or
otherwise modified from time-to-time) among the Borrower (as successor in interest to ADS Waste Escrow Corp.IT), Intermediate Holdings, the lenders that are parties thereto and Deutsche Bank: Trust Company Americas, as Administrative Agent.

 “Deposit Account Control Agreement” shall mean, with respect to any Deposit Account of any Grantor,
a Deposit Account Control Agreement among such Grantor, the Collateral Agent and the relevant Depositary Bank: in form and substance satisfactory to the Collateral Agent; it being understood that 

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 each such
Deposit Account Control Agreement shall contain an agreement that the Depositary Bank shall comply with the instructions originated by the Grantor unless and until the Collateral Agent delivers a notice of exclusive control to the Depositary Bank in
accordance with the terms of this Agreement. 
 “Depositary Bank” shall mean a bank at which a
Controlled Deposit Account is maintained. 
 “Equity Interest” means (i) in the case of a
corporation, any shares of its capital stock, (ii) in the case of a limited liability company, any membership interest therein, (iii) in the case of a partnership, any partnership interest (whether general or limited) therein, (iv)-in the
case of any other business entity, any participation or other interest in the equity or profits thereof, (v) any warrant, option or other right to acquire any Equity Interest described in this definition or (vi) any Security Entitlement in
respect of any Equity Interest described in this definition. 
 “Grantors” shall mean the Borrower and
the Guarantors. 
 “Guarantee” shall mean, with respect to each Guarantor, its guarantee of the
Obligations under Section 2 hereof or Section 1 of a Guarantee and Collateral Agreement Supplement. 

“Guarantee and Collateral Agreement Supplement” shall mean a Guarantee and Collateral Agreement Supplement,
substantially in the form of Exhibit A, signed and delivered to the Collateral Agent for the purpose of adding a Subsidiary as a party hereto pursuant to Section 23 andlor adding additional property to the Collateral. 

“Guarantors” shall mean Intermediate Holdings, each Subsidiary listed on the signature pages hereof under the
caption “Guarantors” and each Subsidiary that shall, at any time after the date hereof, become a “Guarantor” pursuant to Section 23. 
 “Intellectual Property” shall mean any and all intellectual and similar property of any Grantor of every kind and nature now owned or hereafter acquired by any Grantor, including
all inventions, designs, Patents, Copyrights, Licenses, Trademarks, trade secrets, confidential or proprietary technical and business information, know-how, show-how or other data or information, software and databases and all embodiments or
fixations thereof and related documentation, registrations and franchises, and all additions, improvements and accessions to, and books and records describing or used in connection with, and all rights to sue for any infringement, misappropriation
or any violation of, and all income, royalties, damages and payments due or payable with respect to, any of the foregoing. 
 “Intellectual Property Filing” shall mean (i) with respect to any Patent, Patent License, Trademark or Trademark License that constitutes Recordable Intellectual Property,
the filing of the applicable Patent Security Agreement or Trademark Security Agreement with the United States Patent and Trademark Office, together with an appropriately completed recordation form and (ii) with respect to any Copyright or
Copyright License that constitutes Recordable Intellectual Property, the filing ofthe applicable Copyright Security Agreement with the United States Copyright Office, together with an appropriately completed recordation form, in each case sufficient
to record the Transaction Lien granted to the Collateral Agent in such Recordable Intellectual Property. 

“Intellectual Property Security Agreement” shall mean a Copyright Security Agreement, a Patent Security
Agreement or a Trademark Security Agreement. 
 “Intermediate Holdings” shall mean Advanced Disposal
Waste Holdings Corp., a Delaware corporation. 
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“Issuer Control Agreement” shall mean an Issuer Control Agreement substantially in the form of Exhibit F (with
any changes that the Collateral Agent shall have approved). 
 “License” shall mean any Patent License,
Trademark License, Copyright License or other license or sublicense agreement relating to Intellectual Property to which any Grantor is a party. 
 “Material Commercial Tort Claim” shall mean a Commercial Tort Claim involving a claim for more than $5,000,000. 

“Mortgage” shall mean a mortgage or deed of trust in form satisfactory to the Collateral Agent in each case
creating a Lien on real property in favor ofthe Collateral Agent (or a sub-agent appointed pursuant to Section 21(b» for the benefit of the Secured Parties and with such changes in the form thereof as the Collateral Agent shall request
for the purpose of conforming to local practice for similar instruments in the jurisdiction where such real property is located. 
 “Non-Contingent Obligation” shall mean at any time any Obligation (or portion thereof) that is not a Contingent Obligation at such time. 

“Obligations” shall mean (a) obligations of Borrower and the Guarantors from time to time arising under or
in respect of the due and punctual payment of (i) the principal of and premium, if any, and interest (including Post-Petition Interest) on the Loans, when and as due, whether at maturity, by acceleration, upon one or more dates set for
prepayment or otherwise, (ii) each payment required to be made by Borrower and the Guarantors under the Credit Agreement or this Agreement in respect of any Letter of Credit, when and as due, including reimbursement payments, interest thereon
and obligations to provide cash collateral and (iii) all other monetary obligations, including fees, costs, expenses and indemnities, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred
during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), of Borrower and the Guarantors under the Credit Agreement, this Agreement and the other Loan
Documents, (b) the due and punctual performance of all covenants, agreements, obligations and liabilities of Borrower and the other Loan Parties under or pursuant to this Agreement and the other Loan Documents, (c) all obligations of a
Loan Party to any Qualified Counterparty under any Secured Hedging Agreements and (d) all obligations of a Loan Party to any Cash Management Bank under any Secured Cash Management Agreements. 

“Original Grantor” shall mean any Grantor that grants a Lien on any of its assets hereunder on the Acquisition
Date. 
 “own” refers to the possession of sufficient rights in property to grant a security interest
therein as contemplated by UCC Section 9-203, and “acquire” refers to the acquisition of any such rights. 
 “Patent License” shall mean any agreement now or hereafter in existence granting to any Grantor, or pursuant to which any Grantor grants to any other Person, any right with
respect to any Patent or any invention now or hereafter in existence, whether patentable or not, whether a patent or application for patent is in existence on such invention or not, and whether a patent or application for patent on such invention
may come into existence or not, including any agreement identified in Schedule 1 to any Patent Security Agreement. 
 “Patents” shall mean (i) all letters patent and design letters patent of the United States or any other country and all applications for letters patent or design letters
patent of the United States or any other country, including applications in the United States Patent and Trademark Office or in any similar office or agency of the United States, any State thereof or any other country or any political subdivision

 -5- 

 

 
  
 thereof,
including the issued patents and pending patent applications described in Schedule 1 to any Patent Security Agreement, (ii) all reissues, divisions, continuations, continuations in part, revisions and extensions of any of the foregoing,
(iii) all claims for, and rights to sue for, past, present or future infringements of any of the foregoing and (iv) all income, royalties, damages and payments now or hereafter due or payable with respect to any of the foregoing, including
damages and payments for past, present or future infringements thereof. 
 “Patent Security Agreement”
shall mean a Patent Security Agreement, substantially in the form of Exhibit C (with any changes that the Collateral Agent shall have approved), executed and delivered by a Grantor in favor of the Collateral Agent for the benefit of the Secured
Parties. 
 “Perfection Certificate” shall mean, with respect to any Grantor, a certificate
substantially in the form of Exhibit E (with any changes that the Collateral Agent shall have approved), completed and supplemented with the schedules contemplated thereby to the satisfaction of the Collateral Agent, and signed by an officer of such
Grantor. 
 “Permitted Liens” shall mean (i) the Transaction Liens and (ii) any other Liens
on the Collateral permitted to be created or assumed or to exist pursuant to Section 6.01 of the Credit Agreement. 
 “Personal Property Collateral” shall mean all property included in the Collateral except Real Property Collateral.· 

“Pledged,” when used in conjunction with any type of asset, shall mean at any time an asset of such type that is
included (or that creates rights that are included) in the Collateral at such time. For example, “Pledged Equity Interest” means an Equity Interest that is included in the Collateral at such time. 

“Post-Petition Interest” shall mean any interest that accrues after the commencement of any case, proceeding or
other action relating to the bankruptcy, insolvency or reorganization of anyone or more of the Grantors (or would accrue but for the operation of applicable Debtor Relief Laws), whether or not such interest is allowed or allowable as a claim in any
such proceeding. 
 “Proceeds” shall mean all proceeds of, and all other profits, products, rents or
receipts, in whatever form, arising from the collection, sale, lease, exchange, assignment, licensing or other disposition of, or other realization upon, any Collateral, including all claims of the relevant Grantor against third parties for loss of,
damage to or destruction of, or for proceeds payable under, or unearned premiums with respect to, policies of insurance in respect of, any Collateral, and any condemnation or requisition payments with respect to any Collateral. 

“Qualified Counterparty” shall mean any Person that, (x) with respect to any Hedging Agreement entered into
on or after the Closing Date, at the time it enters into a Hedging Agreement, is a Lender or an Affiliate of a Lender, in its capacity as a party to such Hedging Agreement and (y) with respect to any Hedging Agreement entered into prior to, an
in effect as of, the Closing Date, Bank of America, N.A., in its capacity as a party to such Hedging Agreement. 

“Real Property Collateral” shall mean all interests in real property included in the Collateral. 

“Recordable Intellectual Property” shall mean (i) any Patent registered with the United States Patent and
Trademark Office, and any Patent License with respect to a Patent so registered, (ii) any Trademark registered with the United States Patent and Trademark Office, and any Trademark License with respect to a Trademark so registered,
(iii) any Copyright registered with the United States Copyright 
 -6- 

 

 
  
 Office and
any Copyright License with respect to a Copyright so registered and (iv) all rights in or under any of the foregoing. 
 “Release Conditions” shall mean the following conditions for releasing all the Guarantees and terminating all the Transaction Liens: 

	 (i)
	  
	 all Commitments under the Credit Agreement shall have expired or been terminated; 

(ii) all Non-Contingent Obligations shall have been paid in full; and 

(iii) no Contingent Obligation (other than contingent indenmification and expense reimbursement obligations as to which no
claim shall have been asserted) shall remain outstanding; 
 provided that the condition in clause
(iii) shall not apply to outstanding Letters of Credit if (x) no Event of Default has occurred and is continuing and (y) the Borrower has Cash Collateralized such Letters of Credit. 

“Secured Agreement,” when used with respect to any Obligation, refers collectively to each instrument, agreement
or other document that sets forth obligations of the Borrower, obligations of a Guarantor and/or rights of the holder with respect to such Obligation. 
 “Secured Hedging Agreement” shall mean any Hedging Agreement that is between a Loan Par-tyand any Qualified Counterparty. 

“Secured Parties” shall mean, collectively, the Administrative Agent, the Collateral Agent, the Arrangers, the
Lenders, each Qualified Counterparty party to a Secured Hedging Agreement, each Cash Management Bank party to a Secured Cash Management Agreement and the holders from time to time of the Obligations. 

“Securities Account Control Agreement” shall mean, when used with respect to a Securities Account, a Securities
Account Control Agreement among the relevant Securities Intermediary, the relevant Grantor and the Collateral Agent in form and substance satisfactory to the Collateral Agent; it being understood that each such Securities Account Control Agreement
shall contain an agreement that the Securities Intermediary shall comply with Entitlement Orders originated by the Grantor unless and until the Collateral Agent delivers a notice of exclusive control to the Securities Intermediary in accordance with
the terms of this Agreement. 
 “Security Documents” shall mean this Agreement, the Guarantee and
Collateral Agreement Supplements, the Deposit Account Control Agreements, the Issuer Control Agreements, the Securities Account Control Agreements, the Mortgages, the Intellectual Property Security Agreements and all other supplemental or additional
security agreements, pledge agreements, control agreements, mortgages or similar instruments delivered pursuant to the Loan Documents. 
 “Software” shall mean all (i) computer programs and supporting information provided in connection with a transaction relating to the program and (li) computer programs
embedded in goods and any supporting information provided in connection with a transaction relating to the program whether or not the program is associated with the goods in such a manner that it customarily is considered part of the goods, and
whether or not, by becoming the owner of the goods, a Person acquires a right to use the program in connection with the goods and whether or not the program is embedded in goods that consist solely of the medium in which the program is embedded.

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“Trademark License” shall mean any agreement now or hereafter in existence granting to any Grantor, or pursuant
to which any Grantor grants to any other Person, any right to use any Trademark, including any agreement identified in Schedule 1 to any Trademark Security Agreement. 
 “Trademarks” shall mean (i) all trademarks, trade names, corporate names, company names, business names, fictitious business names, trade styles, service marks, logos, brand
names, trade dress, prints and labels on which any of the foregoing have appeared or appear, package and other designs, and all other source or business identifiers, and all general intangibles of like nature, and the rights in any of the foregoing
which arise under applicable law, whether registered or not, (li) the goodwill of the business symbolized thereby or associated with each of them, (iii) all registrations and applications in connection therewith, including registrations
and applications in the United States Patent and Trademark Office or in any similar office or agency of the United States, any State thereof or any other country or any political subdivision thereof, including the trademark registrations and
trademark applications described in Schedule 1 to any Trademark Security Agreement, (iv) all renewals of any of the foregoing, (v) all claims for, and rights to sue for, past, present or future infringements of any of the foregoing and
(vi) all income, royalties, damages and payments now or hereafter due or payable with respect to any of the foregoing, including damages and payments for past, present or future infringements thereof. 

“Trademark Security Agreement” shall mean a Trademark Security Agreement, substantially in the form of Exhibit D
(with any changes that the Collateral Agent shall have approved), executed and delivered by a Grantor in favor of the and Collateral Agent for the benefit of the Secured Parties. 

“Transaction Liens” shall mean the Liens granted by the Grantors under the Security Documents. 

“UCC” shall mean the Uniform Commercial Code as in effect from time to time in the State of New York; provided
that, if perfection or the effect of perfection or non-perfection or the priority of any Transaction Lien on any Collateral is governed by the Uniform Commercial Code as in effect in a jurisdiction other than New York, “UCC” means the
Uniform Commercial Code as in effect from time to time in such other jurisdiction for purposes of the provisions hereof relating to such perfection, effect of perfection or non-perfection or priority. 

SECTION 2. Guarantees by Guarantors. 
 (a) Guarantees. Each Guarantor unconditionally guarantees the full and punctual payment of each Obligation when due (whether at stated maturity, upon acceleration or otherwise). Ifthe
Borrower fails to pay any Obligation punctually when due, each Guarantor agrees that it will forthwith on demand pay the amount not so paid at the place and in the manner specified in the relevant Secured Agreement. 

(b) Guarantees Unconditional. The obligations of each Guarantor under its Guarantee shall be unconditional and absolute
and, without limiting the generality of the foregoing, shall not be released, discharged or otherwise affected by: 
 (i) any extension, renewal, settlement, compromise, waiver or release in respect of any obligation of the Borrower, any other Guarantor or any other Person under any Secured Agreement, by
operation of law or otherwise; 
 (li) any modification or amendment of or supplement to any Secured Agreement;

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 (iii) any
release, impairment, non-perfection or invalidity of any direct or indirect security for any obligation of the Borrower, any other Guarantor or any other Person under any Secured Agreement; 

(iv) any change in the corporate existence, structure or ownership of the Borrower, any other Guarantor or any other
Person or any of their respective subsidiaries, or any insolvency, bankruptcy, reorganization or other similar proceeding affecting the Borrower, any other Guarantor or any other Person or any of their assets or any resulting release or discharge of
any obligation of the Borrower, any other Guarantor or any other Person under any Secured Agreement; 
 (v) the
existence of any claim, set-off or other right that such Guarantor may have at any time against the Borrower, any other Guarantor, any Secured Party or any other Person, whether in connection with the Loan Documents or any unrelated transactions,
provided that nothing herein shall prevent the assertion of any such claim by separate suit or compulsory coun-terclaim; 
 (vi) any invalidity or unenforceability relating to or against the Borrower, any other Guarantor or any other Person for any reason of any Secured Agreement, or any provision of applicable
law or regulation purporting to prohibit the payment of any Obligation by the Borrower, any other Guarantor or any other Person; or 
 (vii) any other act or omission to act or delay of any kind by the Borrower, any other Guarantor, any other party to any Secured Agreement, any Secured Party or any other Person, or any
other circumstance whatsoever that might, but for the provisions of this clause (vii), constitute a legal or equitable discharge of or defense to any obligation of any Guarantor hereunder. 

(c) Release of Guarantees. (i) All the Guarantees will be released when all the Release Conditions are satisfied.
Ifat any time any payment of an Obligation is rescinded or must be otherwise restored or returned upon the insolvency or receivership of the Borrower or otherwise, the Guarantees shall be reinstated with respect thereto as though such payment had
been due but not made at such time. 
 (ii) Ifall the capital stock of a Guarantor or all the assets of a
Guarantor are sold to a Person other than Intermediate Holdings or another Loan Party in a transaction permitted by the Credit Agreement (any such sale, a “Sale of Guarantor”), the Collateral Agent shall release such Guarantor from its
Guarantee. Such release shall not require the consent of any Secured Party, and the Collateral Agent shall be fully protected in relying on a certificate of the Borrower as to whether any particular sale constitutes a Sale of Guarantor. 

(iii) In addition to any release permitted by subsection (ii) above, the Collateral Agent may release any Guarantee
with the prior written consent of the Required Lenders; provided that any release of all or substantially all the Guarantees shall require the consent of all the Lenders. 
 (d) Waiver by Guarantors. Each Guarantor irrevocably waives acceptance hereof, presentment, demand, protest and any notice not provided for herein, as well as any requirement that at any
time any action be taken by any Person against the Borrower, any other Guarantor or any other Person. 
 (e)
Subrogation. A Guarantor that makes a payment with respect to an Obligation hereunder shall be subrogated to the rights of the payee against the Borrower with respect to such payment; provided that no Guarantor shall enforce any payment by way of
subrogation against the Borrower, or by reason of contribution against any other Guarantor of such Obligation, until all the Release Conditions have been satisfied. 
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 (0 Stay
ofAcceleration. Ifacceleration of the time for payment of any Obligation by the Borrower is stayed by reason of the insolvency or receivership of the Borrower or otherwise, all Obligations otherwise subject to acceleration under the terms of any
Secured Agreement shall nonetheless be payable by the Guarantors hereunder forthwith on demand by the Collateral Agent. 
 (g) Right ofSet-Off If any Obligation is not paid promptly when due, each of the Secured Parties and their respective Affiliates is authorized, to the fullest extent permitted by law, to
set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other obligations at any time owing by such Secured Party or Affiliate to or for the credit or the account of any Guarantor
against the obligations of such Guarantor under its Guarantee, irrespective of whether or not such Secured Party shall have made any demand thereunder and although such obligations may be unmatured. The rights of each Secured Party under this
subsection (g) are in addition to all other rights and remedies (including other rights of set-oft) that such Secured Party may have. 
 (h) Continuing Guarantee. Each Guarantee is a continuing guarantee, shall be binding on the relevant Guarantor and its successors and assigns, and shall be enforceable by the Collateral
Agent or the Secured Parties. Ifall or part of any Secured Party’s interest in any Obligation is assigned or otherwise transferred, the transferor’s rights under each Guarantee, to the extent applicable to the obligation so transferred,
shall automatically be transferred with such obligation. 
 (i) Limitation on Obligations ofSubsidiary Guarantor.
The obligations of each Subsidiary Guarantor under its Guarantee shall be limited to an aggregate amount equal to the largest amount that would not render such Guarantee subject to avoidance under Section 548 of the United States Bankruptcy
Code or any comparable provisions of applicable law. 
 SECTION 3. Grant of Transaction Liens. 

(a) The Borrower, in order to secure the Obligations, and each GUarantor, in order to secure its Guarantee, grants to the
Collateral Agent for the benefit of the Secured Parties a continuing security interest in all the following property of the Borrower or such Guarantor, as the case may be, whether now owned or existing or hereafter acquired or arising and regardless
of where located: all Accounts; 

	 (i)
	  
	 all Chattel Paper; 

 (ii) all cash and Deposit Accounts; 
 (iii) all
Documents; 
 (iv) all Equipment (including, without limitation, all machinery, tractors, trailers, rolling stock
and vehicles now owned or hereafter acquired by such Grantor and any and all additions, substitutions and replacements of any of the foregoing, wherever located, together with all attachments, components, parts, equipment and accessories installed
thereon or affixed thereto); 
 (v) all General Intangibles (including (x) any Equity Interests in other
Persons that do not constitute Investment Property and (y) any Intellectual Property); 
 (vi) all
Instruments; 
 (vii) all Inventory; 
 (viii) all Investment Property; 
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 (ix) the
Commercial Tort Claims described in Schedule 3; 

	 (x)
	  
	 Letter-of-Credit Rights; 

(xi) all books and records (including customer lists, credit files, computer programs, printouts and other computer
materials and records) of such Grantor pertaining to any of its Collateral; 
 (xii) such Grantor’s
ownership interest in (w) its Collateral Accounts, (x) all Financial Assets credited to its Collateral Accounts from time to time and all Security Entitlements in respect thereof, (y) all cash held in its Collateral Accounts from time
to time and (z) all other money in the possession of the Collateral Agent; 
 (xiii) all other Goods
(including but not limited to Fixtures) and personal property of such Grantor, whether tangible or intangible; 

(xiv) all computer records and Software, whether relating to the foregoing Collateral or otherwise, but in the case of
such Software, subject to the rights of any non-affiliated licensee of software and any cash collateral, deposit account or investment account established or maintained hereunder; 

(xv) all Supporting Obligations; and 
 (xvi) all Proceeds of the Collateral described in the foregoing clauses (i) through (xv); 
 provided that the Excluded Assets shall be excluded from the foregoing security interests. Each Grantor shall, upon request of the Collateral Agent, use all reasonable efforts to obtain
any such required consent that is reasonably obtainable. 
 (b) The Transaction Liens are granted as security
only and shall not subject the Collateral Agent or any other Secured Party to, or transfer or in any way affect or modify, any obligation or liability of any Grantor with respect to any of the Collateral or any transaction in connection therewith.
Nothing set forth in this Agreement or any other Loan Document, nor the exercise by the Collateral Agent of any of the rights or remedies hereunder, shall relieve any Grantor from the performance of any term, covenant, condition or agreement on such
Grantor’s part to be performed or observed under or in respect of any of the Collateral or from any liability to any person under or in respect of any of the Collateral or shall impose any obligation on the Collateral Agent or any other Secured
Party to perform or observe any such term, covenant, condition or agreement on such Grantor’s part to be so performed or observed or shall impose any liability on the Collateral Agent or any other Secured Party for any act or omission on the
part of such Grantor relating thereto or for any breach of any representation or warranty on the part of such Grantor contained in this Agreement, the Credit Agreement or the other Loan Documents, or under or in respect of the Collateral or made in
connection herewith or therewith. Neither the Collateral Agent nor any other Secured Party shall have any obligation or liability under any contracts, agreements and other documents included in the Collateral by reason of this Agreement, nor shall
the Collateral Agent or any other Secured Party be obligated to perform any of the obligations or duties of any Grantor thereun-der or to take any action to collect or enforce any such contract, agreement or other document included in the Collateral
hereunder. 
 SECTION 4. General Representations and Warranties. Each Grantor represents and warrants that:

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 (a) Such
Grantor is duly organized, validly existing and in good standing under the laws of the jurisdiction identified as its jurisdiction of organization in its Perfection Certificate. 

(b) With respect to each Original Grantor, Schedule 1 lists all Equity Interests in subsidiaries and Affiliates owned by
such Grantor as of the Acquisition Date. Such Grantor holds all such Equity Interests directly (i.e., not through a subsidiary, a Securities Intennediary or any other Person) and in the amounts as specified on Schedule 1. 

(c) With respect to each Original Grantor, Schedule 2 lists, as of the Acquisition Date, (i) all Securities owned by
such Grantor (except Securities evidencing Equity Interests in subsidiaries and Affiliates) and (ii) all Securities Accounts to which Financial Assets are credited in respect of which such Grantor owns Security Entitlements. 

	 (d)
	  
	 Grantor owns no Commodity Account in respect of which such Grantor is the Commodity Customer.

 (e) All Pledged Equity Interests owned by such Grantor are owned by it free and clear of any
Lien other than (i) the Transaction Liens and (ii) any inchoate tax liens. All shares of capital stock included in such Pledged Equity Interests (including shares of capital stock in respect of which such Grantor owns a Security
Entitlement) have been duly authorized and validly issued and are fully paid and non-assessable. None of such Pledged Equity Interests is subject to any option to purchase or similar right of any Person. Such Grantor is not and will not become a
party to or otherwise bound by any agreement (except the Loan Documents) which restricts in any manner the rights of any present or future holder of any Pledged Equity Interest with respect thereto. 

	 (f)
	  
	 Such Grantor owns all its Collateral, free and clear of any Lien other than Permitted Liens.

 (g) Such Grantor has not perfonned any acts that might prevent the Collateral Agent from
enforcing any of the provisions of the Security Documents or that would limit the Collateral Agent in any such enforcement. No financing statement, security agreement, mortgage or similar or equivalent document or instrument covering all or part of
the Collateral owned by such Grantor is on file or of record in any jurisdiction in which such filing or recording would be effective to perfect or record a Lien on such Collateral, except financing statements, mortgages or other similar or
equivalent documents with respect to Permitted Liens or as otherwise consented to by the Collateral Agent (such consent not to be unreasonably withheld or delayed). After the Acquisition Date, no Collateral owned by such Grantor will be in the
possession or under the Control of any other Person having a claim thereto or security interest therein, other than a Permitted Lien. 
 (h) The Transaction Liens on all Personal Property Collateral owned by such Grantor (i) have been validly created, (li) will attach to each item of such Collateral on the
Acquisition Date (or, if such Grantor first obtains rights thereto on a later date, on such later date) and (iii) when so attached, will secure all the Obligations or such Grantor’s Guarantee, as the case may be. 

(i) Such Grantor has delivered a Perfection Certificate to the Collateral Agent. With respect to each Original Grantor,
information set forth therein is correct and complete as of the Acquisition Date. Within 30 days after the Acquisition Date, such Original Grantor will furnish to the Collateral Agent a file search report from each UCC filing office listed in its
Perfection Certificate, showing the filing made at such filing office to perfect the Transaction Liens on its Personal Property Collateral. 
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 (j) When
UCC financing statements describing the Personal Property Collateral as “all personal property” have been filed in the offices specified in such Perfection Certificate, the Transaction Liens will constitute perfected security interests in
the Personal Property Collateral owned by such Grantor to the extent that a security interest therein may be perfected by filing pursuant to the UCC, prior to all Liens and rights of others therein (except Permitted Liens). When, in addition to the
filing of such UCC financing statements, the applicable Intellectual Property Filings have been made with respect to such Grantor’s Recordable Intellectual Property (including any future filings required pursuant to Sections 5(a) and
6(a», the Transaction Liens will constitute perfected security interests in all right, title and interest of such Grantor in its Recordable Intellectual Property to the extent that security interests therein may be perfected by such filings,
prior to all Liens and rights of others therein (except Permitted Liens). Except for (i) the filing of such UCC financing statements, (ii) such Intellectual Property Filings and (iii) the due recordation ofthe Mortgages, no
registration, recordation or filing with any governmental body, agency or official is required in connection with the execution or delivery of the Security Documents or is necessary for the validity or enforceability thereof or for the perfection or
due recordation of the Transaction Liens or for the enforcement of the Transaction Liens. 
 (k) Such Grantor has
taken, and will continue to take, all actions necessary under the UCC to perfect its interest in any Accounts or Chattel Paper purchased or otherwise acquired by it, as against its assignors and creditors of its assignors. 

	 (1)
	  
	 Such Grantor’s Collateral is insured as required by Section 5.07 of the Credit Agreement.

 (m) All of such Grantor’s Inventory has or will have been produced in compliance with
the applicable requirements of the Fair Labor Standards Act, as amended. 
 SECTION 5. Further Assurances;
General Covenants. Each Grantor covenants as follows: 
 (a) Such Grantor will, from time to time, at the
Borrower’s expense, execute, deliver, file and record any statement, assignment, instrument, document, agreement or other paper and take any other action (including any Intellectual Property Filing) that from time to time may be necessary or
advisable, or that the Collateral Agent may request, in order to: 

	 (i)
	  
	 create, preserve, perfect, confrrm or validate the Transaction Liens on such Grantor’s Collateral;

 (ii) in the case of Pledged Deposit Accounts, Pledged Investment Property and Pledged
Letter-of-Credit Rights, cause the Collateral Agent to have Control thereof; 
 (iii) enable the Collateral Agent
and the other Secured Parties to obtain the full benefits of the Security Documents; or 
 (iv) enable the
Collateral Agent to exercise and enforce any of its rights, powers and remedies with respect to any of such Grantor’s Collateral. 
 Such Grantor authorizes the Collateral Agent to execute and file such financing statements or continuation statements in such jurisdictions with such descriptions of collateral (including
“all assets” or “all personal property” or other words to that effect) and other information set forth therein as the Collateral Agent may deem necessary or advisable for the purposes set forth in the preceding sentence. Each
Gran- 
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 tor also
ratifies its authorization for the Collateral Agent to file in any such jurisdiction any initial financing statements or amendments thereto if filed prior to the date hereof. The Collateral Agent is further authorized to file with the United States
Patent and Trademark Office or United States Copyright Office (or any successor office or any similar office in any other country) such documents as may be necessary or advisable for the purpose of perfecting, confining, continuing, enforcing or
protecting the security interests granted by each Grantor, without the signature of any Grantor, and naming any Grantor or the Grantors as debtors and the Collateral Agent as secured party. The Borrower will pay the costs of, or incidental to, any
Intellectual Property Filings and any recording or filing of any financing or continuation statements or other documents recorded or filed pursuant hereto. 
 (b) Such Grantor will not (i) change its name, identity, organizational identification number or organizational form or structure, (ii) change its location (determined as
provided in UCC Section 9-307) or the location of its chief executive office or (iii) become bound, as provided in UCC Section 9-203(d) or otherwise, by a security agreement entered into by another Person, unless it shall have given
the Collateral Agent notice thereof within 10 days after any such action, and as a result of any of the foregoing, each Grantor shall take all action reasonably satisfactory to the Collateral Agent to maintain the perfection and priority of the
security interest of the Collateral Agent for the benefit of the Secured Parties in the Collateral, if applicable. 

	 (c)
	  
	 [Reserved]. 

 (d) Such Grantor will not sell, lease, exchange, assign or otherwise dispose of, or grant any option with respect to, any of its Collateral, except as permitted by the Credit Agreement.
Concurrently with any sale, lease or other disposition (except a sale or disposition to another Grantor or a lease) permitted by the foregoing proviso, the Transaction Liens on the assets sold or disposed of (but not in any Proceeds arising from
such sale or disposition) will cease immediately without any action by the Collateral Agent or any other Secured Party. The Collateral Agent will, at the Borrower’s expense, execute and deliver to the relevant Grantor such documents as such
Grantor shall reasonably request to evidence the fact that any asset so sold or disposed of is no longer subject to a Transaction Lien; provided that the Collateral Agent shall have received such certifications of the Borrower with respect to such
sale or disposition that it shall reasonably request. 
 (e) Such Grantor will, promptly upon request, provide to
the Collateral Agent all instruments and documents (including legal opinions and lien searches) and all other information and evidence concerning such Grantor’s Collateral (including as to the perfection and priority status of each such
security interest and Lien) that the Collateral Agent may reasonably request from time to time to enable it to enforce the provisions of the Security Documents. 
 (f) Such Grantor shall, at its own cost and expense, defend title to the Collateral pledged by it hereunder and the security interest therein and Lien thereon granted to the Collateral
Agent and the priority thereof against all claims and demands of all persons, at its own cost and expense, at any time claiming any interest therein adverse to the Collateral Agent or any other Secured Party other than Permitted Liens. There is no
agreement, order, judgment or decree, and no Grantor shall enter into any agreement or take any other action, that would restrict the transferability of any of the Collateral or otherwise impair or conflict with such Grantor’s obligations or
the rights of the Collateral Agent hereunder. 
 SECTION 6. Recordable Intellectual Property. Each Grantor
covenants as follows: 
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 (a) On the
Acquisition Date (in the case of an Original Grantor) or the date on which it signs and delivers its first Guarantee and Collateral Agreement Supplement (in the case of any other Grantor), such Grantor will sign and deliver to the Collateral Agent
Intellectual Property Security Agreements with respect to all Recordable Intellectual Property then owned by, or licensed to, such Grantor. Within 30 days after each December 31 and June 30 thereafter, it will sign and deliver to the
Collateral Agent an appropriate Intellectual Property Security Agreement covering any Recordable Intellectual Property owned by, or licensed to, such Grantor on such December 31 or June 30 that is not covered by any previous Intellectual
Property Security Agreement so signed and delivered by it. In each case, it will promptly make all Intellectual Property Filings necessary to record the Transaction Liens on such Recordable Intellectual Property. 

(b) Such Grantor will notify the Collateral Agent promptly if it knows that any application or registration relating to
any material Recordable Intellectual Property owned by or licensed to such Grantor may become abandoned or dedicated to the public, or of any adverse determination or development (including the institution of, or any adverse determination or
development in, any proceeding in the United States Copyright Office, the United States Patent and Trademark Office or any court) regarding such Grantor’s ownership of, or rights to, such material Recordable Intellectual Property, its right to
register or patent the same, or its right to keep and maintain the same; provided, that such Grantor shall solely have the right to abandon or cancel any application or registration relating to any material Recordable Intellectual Property owned by
or licensed to such Grantor in its reasonable business judgment. If any of such Grantor’s rights to any Recordable Intellectual Property are infringed, misappropriated or diluted by a third party, such Grantor will notify the Collateral Agent
within 30 days after it learns thereof, but such Grantor shall solely have, in its reasonable business judgment, the right to sue or not to sue for infringement, misappropriation or dilution and to recover or not to recover any and all damages for
such infringement, misappropriation or dilution, and take such other actions as such Grantor shall reasonably deem appropriate under the circumstances to protect such Recordable Intellectual Property. 

(c) Upon the occurrence and during the continuance of an Event of Default, upon the request of the Collateral Agent, each
Grantor shall use its commercially reasonable efforts to obtain all requisite consents or approvals by the licensor of each Copyright License, Patent License or Trademark License under which such Grantor is a licensee to effect the assignment of all
such Grantor’s right, title and interest thereunder to the Collateral Agent, for the ratable benefit of the Secured Parties, or its designee. 
 SECTION 7. Investment Property. Each Grantor represents, warrants and covenants as follows:( a) Certificated Securities. On the Acquisition Date (in the case of an Original Grantor) or the
date on which it signs and delivers its first Guarantee and Collateral Agreement Supplement (in the case of any other Grantor), such Grantor will deliver to the Collateral Agent as Collateral hereunder all certificates representing Pledged
Certificated Securities then owned by such Grantor. Thereafter, whenever such Grantor acquires any other certificate representing a Pledged Certificated Security, such Grantor will promptly, and in any event, within ten (10) days thereafter,
deliver such certificate to the Collateral Agent as Collateral hereunder. The provisions of this subsection are subject to the limitation in Section 7G) in the case of voting Equity Interests in a Foreign Subsidiary. 

(b) Uncertificated Securities. On the Acquisition Date (in the case of an Original Grantor) or the date on which it signs
and delivers its frrst Guarantee and Collateral Agreement Supplement (in the case of any other Grantor), such Grantor will enter into (and cause the rele- 
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 vant
issuer to enter into) an Issuer Control Agreement in respect of each Pledged Uncertificated Security then owned by such Grantor and deliver such Issuer Control Agreement to the Collateral Agent (which shall enter into the same). Thereafter, whenever
such Grantor acquires any other Pledged Uncertificated Security, such Grantor will promptly, and in any event, within ten (10) days thereafter, enter into (and cause the relevant issuer to enter into) an Issuer Control Agreement in respect of
such Pledged Uncertificated Security and deliver such Issuer Control Agreement to the Collateral Agent (which shall enter into the same). The provisions of this subsection are subject to the limitation in Section 7G) in the case of voting
Equity Interests in a Foreign Subsidiary. 
 (c) Security Entitlements. On the Acquisition Date (in the case of
an Original Grantor) or the date on which it signs and delivers its first Guarantee and Collateral Agreement Supplement (in the case of any other Grantor), such Grantor will, with respect to each Security Entitlement with a value in excess of
$5,000,000 then owned by it, enter into (and cause the relevant Securities Intermediary to enter into) a Securities Account Control Agreement in respect of such Security Entitlement and the Securities Account to which the underlying Financial Asset
is credited and will deliver such Securities Account Control Agreement to the Collateral Agent (which shall enter into the same). Thereafter, whenever such Grantor acquires any other Security Entitlement with a value in excess of $5,000,000, such
Grantor will, as promptly as practicable, cause the underlying Financial Asset to be credited to a Controlled Securities Account. The Collateral Agent agrees with each Grantor that the Collateral Agent shall not give any Entitlement Orders or
instructions or directions to any issuer of uncertificated securities or any Securities Intermediary unless an Event of Default has occurred and is continuing. 
 (d) Perfection as to Certificated Securities. When such Grantor delivers the certificate representing any Pledged Certificated Security owned by it to the Collateral Agent and complies
with Section 7(h) in connection with such delivery, (i) the Transaction Lien on such Pledged Certificated Security will be perfected, subject to no prior Liens or rights of others and (ii) the Collateral Agent will have Control of
such Pledged Certificated Security. 
 (e) Perfection as to Uncertificated Securities. When such Grantor, the
Collateral Agent and the issuer of any Pledged Uncertificated Security owned by such Grantor enter into an Issuer Control Agreement with respect thereto, (i) the Transaction Lien on such Pledged Uncertificated Security will be perfected,
subject to no prior Liens or rights of others and (ii) the Collateral Agent will have Control of such Pledged Uncertificated Security. 
 (f) Perfection as to Security Entitlements. So long as the Financial Asset underlying any Security Entitlement owned by such Grantor is credited to a Controlled Securities Account,
(i) the Transaction Lien on such Security Entitlement will be perfected, subject to no prior Liens or rights of others (except Liens and rights of the relevant Securities Intermediary that are Permitted Liens) and (ii) the Collateral Agent
will have Control of such Security Entitlement. 
 (g) Agreement as to Applicable Jurisdiction. In respect of all
Security Entitlements owned by such Grantor, and all Securities Accounts to which the related Financial Assets are credited, the Securities Intermediary’s jurisdiction (determined as provided in UCC Section 8-HO(e» will at all times
be located in the United States. 
 (h) Delivery ofPledged Certificates. All certificates representing Pledged
Certificated Securities, when delivered to the Collateral Agent, will be in suitable form for transfer by delivery, or accompanied by duly executed instruments of transfer or assignment in blank, all in form and substance satisfactory to the
Collateral Agent. 
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 (i)
Communications. Each Grantor will promptly give to the Collateral Agent copies of any notices and other communications received by it with respect to (i) Pledged Securities registered in the name of such Grantor or its nominee and
(ii) Pledged Security Entitlements as to which such Grantor is the Entitlement Holder. 
 (j) Foreign
Subsidiaries. A Grantor will not be obligated to comply with the provisions of this Section 7 at any time with respect to any voting Equity Interest in a Foreign Subsidiary if and to the extent (but only to the extent) that such voting Equity
Interest is excluded from the Transaction Liens at such time as an Excluded Asset and/or the comparable provisions of one or more Guarantee and Collateral Agreement Supplements. 

(k) Certification of Limited Liability Company and Partnership Interests. Any limited liability company and any
partnership controlled by any Grantor shall either (a) not include in its operative documents any provision that any Equity Interests in such limited liability company or such partnership be a “security” as defined under Article 8 of
the Uniform Commercial Code or (b) certificate any Equity Interests in any such limited liability company or such partnership. To the extent an interest in any limited liability company or partnership controlled by any Grantor and pledged
hereunder is certificated or becomes certificated, each such certificate shall be delivered to the Collateral Agent pursuant to Section 7(a) and such Grantor shall fulfi~l all other requirements under Section 7 applicable in respect
thereof 
 SECTION 8. Deposit Accounts. Each Grantor represents, warrants and covenants as follows: 

(a) In respect to each Controlled Deposit Account, the Depositary Bank’s jurisdiction (determined as provided in UCC
Section 9-304) will at all times be a jurisdiction in which Article 9 of the Uniform Commercial Code is in effect. 
 (b) So long as the Collateral Agent has Control of a Controlled Deposit Account, the Transaction Lien on such Controlled Deposit Account will be perfected, subject to no prior Liens or
rights of others (except the Depositary Bank’s right to deduct its normal operating charges, any uncollected funds previously credited thereto and other customary depository fees and expenses and the Depositary Bank’s Lien with respect
thereto). 
 (c) The Collateral Agent agrees with each Grantor that the Collateral Agent shall not give any
instructions directing the disposition of funds from time to time credited to any Deposit Account or withhold any withdrawal rights from such Pledgor with respect to funds from time to time credited to any Deposit Account unless an Event of Default
has occurred and is continuing. 
 SECTION 9. Cash Collateral Accounts. If and when required for purposes hereof
or of any other Loan Document, the Collateral Agent will establish with respect to each Grantor an account (its “Cash Collateral Account”), in the name and under the exclusive control of the Collateral Agent, into which all cash collateral
that is required to be deposited therein pursuant to the Loan Documents shall be deposited from time to time. Funds held in any Cash Collateral Account may, until withdrawn, be invested and reinvested in such Cash Equivalents as the relevant Grantor
shall request from time to time; provided that if an Event of Default shall have occurred and be continuing, the Collateral Agent may select such Cash Equivalents. Subject to Section 17, withdrawal of funds on deposit in any Cash Collateral
Account shall be permitted if, as and when expressly so provided in or in respect of the applicable provision of the Loan Documents pursuant to which such Cash Collateral Account was required to be established. 

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 SECTION
10. Commercial Tort Claims. Each Grantor represents, warrants and covenants as follows: 
 (a) In the case of an
Original Grantor, Schedule 3 accurately describes, with the specificity required to satisfy Official Comment 5 to DCC Section 9-108, each Material Commercial Tort Claim with respect to which such Original Grantor is the claimant as of the
Acquisition Date. In the case of any other Grantor, Schedule 3 to its first Guarantee and Collateral Agreement Supplement will accurately describe, with the specificity required to satisfy said Official Comment 5, each Material Commercial Tort Claim
with respect to which such Grantor is the claimant as of the date on which it signs and delivers such Guarantee and Collateral Agreement Supplement. 
 (b) If any Grantor acquires a Material Commercial Tort Claim after the Acquisition Date (in the case of an Original Grantor) or the date on which it signs and delivers its first Guarantee
and Collateral Agreement Supplement (in the case of any other Grantor), such Grantor will promptly sign and deliver to the Collateral Agent a Guarantee and Collateral Agreement Supplement granting a security interest in such Commercial Tort Claim
(which shall be described therein with the specificity required to satisfy said Official Comment 5) to the Collateral Agent for the benefit of the Secured Parties. 
 . On the Acquisition Date (in the case of an Original Grantor) or the date on which it signs and delivers its first Guarantee and Collateral Agreement Supplement (in the case of any other
Grantor), if any amount in excess of $5,000,000 payable under or in connection with any of the Collateral shall be or become evidenced by any Instrument or Chattel Paper, such Grantor, upon the request of the Collateral Agent, will deliver such
Instrument or Chattel Paper to the Collateral Agent as Collateral hereunder, accompanied by instruments of transfer or assignment duly executed in blank. Thereafter, if any amount in excess of $5,000,000 payable under or in connection with any of
the Collateral shall be or become evidenced by any Instrument or Chattel Paper, such Grantor will deliver to such Instrument or Chattel Paper to the Collateral Agent as Collateral hereunder. 

SECTION 12. Letter-ol-Credit Rights. Ifat any time any Grantor is a beneficiary under a . Letter of Credit, such Grantor
shall promptly notify the Collateral Agent thereof and such Grantor shall, at the request of the Collateral Agent, pursuant to an agreement in form and substance reasonably satisfactory to the Collateral Agent, either (i) arrange for the issuer
and any confumer of such Letter of Credit to consent to an assignment to the Collateral Agent of the proceeds of any drawing under the Letter of Credit or (ii) arrange for the Collateral Agent to become the transferee beneficiary of such Letter
of Credit, with the Collateral Agent agreeing, in each case, that the proceeds of any drawing under the Letter of Credit are to be applied as provided in the Credit Agreement. The actions in the preceding sentence shall not be required to the extent
that the amount of any such Letter of Credit, together with the aggregate amount of all other Letters of Credit for which the actions described above in clause (i) and (li) have not been taken, does not exceed $5,000,000 in the aggregate
for all Grantors. 
 SECTION 13. Transfer of Record Ownership. At any time when an Event of Default shall have
occurred and be continuing, the Collateral Agent may (and to the extent that action by it is required, the relevant Grantor, if directed to do so by the Collateral Agent, will as promptly as practicable) cause each of the Pledged Securities (or any
portion thereof specified in such direction) to be transferred of record into the name of the Collateral Agent or its nominee. Each Grantor will take any and all actions reasonably requested by the Collateral Agent to facilitate compliance with this
Section 13. Ifthe provisions of this Section 13 are implemented, Section 7(b) shall not thereafter apply to any Pledged Security that is registered in the name of the Collateral Agent or its nominee. The Collateral Agent will promptly
give to 
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 the
relevant Grantor copies of any notices and other communications received by the Collateral Agent with respect to Pledged Securities registered in the name of the Collateral Agent or its nominee. 

SECTION 14. Right to Vote Securities. 
 (a) Unless an Event of Default shall have occurred and be continuing, each Grantor will have the right, from time to time, to vote and to give consents, ratifications and waivers with
respect to any Pledged Security owned by it and the Financial Asset underlying any Pledged Security Entitlement owned by it, and the Collateral Agent will, upon receiving a written request from such Grantor, deliver to such Grantor or as specified
in such request such proxies, powers of attorney, consents, ratifications and waivers in respect of any such Pledged Security that is registered in the name of the Collateral Agent or its nominee or any such Pledged Security Entitlement as to which
the Collateral Agent or its nominee is the Entitlement Holder, in each case as shall be specified in such request and be in form and substance satisfactory to the Collateral Agent. 

(b) If an Event of Default shall have occurred and be continuing, the Collateral Agent will have the exclusive right to
the extent permitted by law to vote, to give consents, ratifications and waivers and to take any other action with respect to the Pledged Investment Property, the other Pledged Equity Interests and the Financial Assets underlying the Pledged
Security Entitlements, with the same force and effect as if the Collateral Agent had an interest therein identical to that of the applicable Grantor, and each Grantor will take all such action as the Collateral Agent may reasonably request from time
to time to give effect to such right. 
 SECTION 15. Certain Cash Distributions. Cash Distributions with respect
to assets held in a Cash Collateral Account shall be deposited and held therein, or withdrawn therefrom, as provided in Section 9. Cash Distributions with respect to any Pledged Equity Interest or Pledged Indebtedness that is not held in a
Collateral Account (whether held in the name of a Grantor or in the name of the Collateral Agent or its nominee) shall be deposited, promptly upon receipt thereof, in a Deposit Account of the relevant Grantor; provided that, if an Event of Default
shall have occurred and be continuing, the Collateral Agent may deposit, or direct the recipient thereof to deposit, each such Cash Distribution in the relevant Grantor’s Cash Collateral Account. 

SECTION 16. Remedies upon Event of Default. 
 (a) If an Event of Default shall have occurred and be continuing, the Collateral Agent may exercise (or cause its sub-agents to exercise) any or all of the remedies available to it (or to
such subagents) under the Security Documents. 
 (b) Without limiting the generality of the foregoing, if an
Event of Default shall have occurred and be continuing, the Collateral Agent may exercise on behalf of the Secured Parties all the rights of a secured party under the UCC (whether or not in effect in the jurisdiction where such rights are exercised)
with respect to any Personal Property Collateral and, in addition, the Collateral Agent may, without being required to give any notice, except as herein provided or as may be required by mandatory provisions of law, sell or otherwise dispose of the
Collateral or any part thereof in one or more parcels at public or private sale, at any exchange, broker’s board or at any of the Collateral Agent’s offices or elsewhere, for cash, on credit or for future delivery, at such time or times
and at such price or prices and upon such other terms as the Collateral Agent may deem commercially reasonable, irrespective of the impact of any such sales on the market price of the Collateral. To the maximum extent permitted by applicable law,
any Secured Party may be the purchaser of any or all of the Collateral at any such sale and (with the consent of the Collateral Agent, which may be withheld in its discretion) shall be entitled, for the purpose of bidding and making settlement or
payment of the purchase price for all or any portion of the Collateral sold 
 -19- 

 

 
  
 at any
such public sale, to use and apply all of any part of the Obligations as a credit on account of the purchase price of any Collateral payable at such sale. Upon any sale of Collateral by the Collateral Agent (including pursuant to a power of sale
granted by statute or under a judicial proceeding), the receipt of the Collateral Agent or of the officer making the sale shall be a sufficient discharge to the purchaser or purchasers of the Collateral so sold and such purchaser or purchasers shall
not be obligated to see to the application of any part of the purchase money paid to the Collateral Agent or such officer or be answerable in any way for the misapplication thereof. Each purchaser at any such sale shall hold the property sold
absolutely free from any claim or right on the part of any Grantor, and each Grantor hereby waives (to the extent permitted by law) all rights of redemption, stay or appraisal that it now has or may at any time in the future have under any rule of
law or statute now existing or hereafter enacted. The Collateral Agent shall not be obliged to make any sale of Collateral regardless of notice of sale having been given. The Collateral Agent may adjourn any public or private sale from time to time
by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. To the maximum extent permitted by law, each Grantor hereby waives any claim against any
Secured Party arising because the price at which any Collateral may have been sold at such a private sale was less than the price that might have been obtained at a public sale, even if the Collateral Agent accepts the first offer received and does
not offer such Collateral to more than one offeree. The Collateral Agent may disclaim any warranty, as to title or as to any other matter, in connection with such sale or other disposition, and its doing so shall not be considered adversely to
affect the commercial reasonableness of such sale or other disposition. 
 (c) If the Collateral Agent sells any
of the Collateral upon credit, the Grantors will be credited only with payment actually made by the purchaser, received by the Collateral Agent and applied in accordance with Section 17 hereof. In the event the purchaser fails to pay for the
Collateral, the Collateral Agent may resell the same, subject to the same rights and duties set forth herein. 

(d) Notice of any such sale or other disposition shall be given to the relevant Grantor(s) as (and it) required by
Section 19. 
 (e) For the purpose of enabling the Collateral Agent to exercise rights and remedies under
this Agreement at such time as the Collateral Agent shall be lawfully entitled to exercise such rights and remedies, each Grantor hereby grants to the Collateral Agent an irrevocable license (exercisable without payment of royalty or other
compensation to the Grantors) to use, license or sublicense any of the Collateral consisting of Intellectual Property now owned or hereafter acquired by such Grantor, and including in such license access to all media in which any of the licensed
items may be recorded or stored and to all computer software and programs used for the compilation or printout thereof. The use of such license by the Collateral Agent may be exercised only upon the occurrence and during the continuation of an Event
of Default; provided, that any license, sublicense or other transaction entered into by the Collateral Agent in accordance herewith shall be binding upon each Grantor notwithstanding any subsequent cure of an Event of Default. 

(t) The foregoing provisions of this Section shall not apply to Real Property Collateral; provided that the foregoing
provisions of this Section shall also apply to Fixtures to the extent such Fixtures are governed by Article 9 of the UCc. 
 SECTION 17. Application of Proceeds. 
 (a) If an
Event of Default shall have occurred and be continuing, the Collateral Agent may apply (i) any cash held in the Collateral Accounts and (ii) the proceeds of any sale or other disposition of all or any part of the Collateral, in the
following order of priorities: 
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 first, to
pay the expenses of such sale or other disposition, including reasonable compensation to agents of and counsel for the Collateral Agent, and all expenses, liabilities and advances incurred or made by the Collateral Agent in connection with the
Security Documents, and any other amounts then due and payable to the Collateral Agent pursuant to Section 18 or pursuant to Section 9.05 of the Credit Agreement; 
 second, to pay ratably all interest (including Post-Petition Interest) on and fees in respect of the Obligations payable under the Credit Agreement, until payment in full of all such
interest and fees shall have been made; 
 third, to pay the unpaid principal of the Obligations ratably (or
provide for the payment thereof pursuant to Section 17 (b», until payment in full of the principal of all Obligations (including all payments in respect of Secured Hedging Agreements) shall have been made (or so provided for); 

founh, to pay all other Obligations ratably (or provide for the payment thereof pursuant to Section 17(b»,
until payment in full of all such other Obligations shall have been made (or so provided for); and 
 finally, to
pay to the relevant Grantor, or as a court of competent jurisdiction may direct, any surplus then remaining from the proceeds of the Collateral owned by it; 
 provided that Collateral owned by a Subsidiary Guarantor and any proceeds thereof shall be applied pursuant to the foregoing clauses first, second, third andfourth only to the extent
permitted by the limitation in Section 2(i). The Collateral Agent may make such distributions hereunder in cash or in kind or, on a ratable basis, in any combination thereof. 

(b) If at any time any portion of any monies collected or received by the Collateral Agent would, but for the provisions
of this Section 17(b), be payable pursuant to Section 17(a) in respect of a Contingent Obligation, the Collateral Agent shall not apply any monies to pay such Contingent Obligation but instead shall request the holder thereof, at least 10
days before each proposed distribution hereunder, to notify the Collateral Agent as to the maximum amount of such Contingent Obligation if then ascertainable (e.g., in the case of a Letter of Credit, the maximum amount available for subsequent
drawings thereunder). If the holder of such Contingent Obligation does not notify the Collateral Agent of the maximum ascertainable amount thereof at least two Business Days before such distribution, such holder will not be entitled to share in such
distribution. If such holder does so notify the Collateral Agent as to the maximum ascertainable amount thereof, the Collateral Agent will allocate to such holder a portion of the monies to be distributed in such distribution, calculated as if such
Contingent Obligation were outstanding in such maximum ascertainable amount. However, the Collateral Agent will not apply such portion of such monies to pay such Contingent Obligation, but instead will hold such monies or invest such monies in Cash
Equivalents. All such monies and Cash Equivalents and all proceeds thereof will constitute Collateral hereunder, but will be subject to distribution in accordance with this Section 17(b) rather than Section 17(a). The Collateral Agent will
hold all such monies and Investments and the net proceeds thereof in trust until all or part of such Contingent Obligation becomes a Non-Contingent Obligation, whereupon the Collateral Agent at the request of the relevant Secured Party will apply
the amount so held in trust to pay such Non-Contingent Obligation; provided that, if the other Obligations theretofore paid pursuant to the same clause of Section 17(a) (i.e., clause second orfourth) were not paid in full, the Collateral Agent
will apply the amount so held in trust to pay the same percentage of such Non-Contingent Obligation as the percentage of such other Obligations theretofore paid pursuant to the same clause of Section 17(a). If (i) the holder of such
Contingent Obligation shall advise the Collateral Agent that no portion thereof remains in the category of a Contingent Obligation and (ii) the Collateral Agent still holds -21- 

 

 
  
 any amount
held in trust pursuant to this Section 17(b) in respect of such Contingent Obligation (after paying all amounts payable pursuant to the preceding sentence with respect to any portions thereof that became Non-Contingent Obligations), such
remaining amount will be applied by the Collateral Agent in the order of priorities set forth in Section 17(a). 
 (c) In making the payments and allocations required by this Section 17, the Collateral Agent may rely upon information supplied to it pursuant to Section 21(c). All distributions
made by the Collateral Agent pursuant to this Section shall be final (except in the event of manifest error) and the Collateral Agent shall have no duty to inquire as to the application by any Secured Party of any amount distributed to it.

 SECTION 18. Fees and Expenses; Indemnification. 

	 (a)
	  
	 Each Grantor agrees, jointly and severally, promptly upon demand, to pay to the Collateral Agent:

 (i) the amount of any taxes that the Collateral Agent may have been required to pay by
reason of the Transaction Liens or to free any Collateral from any other Lien thereon; 
 (ii) the amount of all
reasonable and documented or invoiced out-of-pocket fees and expenses (including transfer taxes and reasonable fees and expenses of experts) incurred by the Collateral Agent (or its Affiliates) in connection with (x) the preparation,
administration or enforcement of the Security Documents, including such expenses as are incurred to preserve the value of the Collateral or the validity, perfection, rank or value of any Transaction Lien, (y) any amendments, modifications or
waivers of the provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated) or (z) the enforcement or protection of its rights in, or the exercise of its rights or powers under, the Security
Documents (including the collection, sale or other disposition of any Collateral), including the reasonable and documented fees, charges and disbursements of Cahill Gordon & Reindel LLP, counsel for the Collateral Agent, and, in connection
with any such enforcement or protection, the reasonable and documented fees, charges and disbursements of a single counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for the
Collateral Agent (and its Affiliates) (and, in the case of an actual or perceived conflict of interest, where the Person affected by such conflict informs the Borrower of such conflict and thereafter retains its own counsel, of another firm of
counsel for such affected Person and any similar affected Persons); 
 (iii) the amount of any fees that the
Borrower shall have agreed in writing to pay to the Collateral Agent and that shall have become due and payable in accordance with such written agreement; and 
 (iv) the amount required to indemnify the Collateral Agent for, or hold it harmless and defend it against, any loss, claim, damage, liability and reasonable and documented or invoiced
out-of-pocket fees and expense (including the reasonable and documented fees and expenses of its counsel and any experts or sub-agents appointed by it hereunder) incurred or suffered by the Collateral Agent in connection with the Security Documents,
except to the extent that such loss, claim, damage, liability, fee or expense are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence, bad faith or willful misconduct of the
Collateral Agent or any of its controlled Affiliates or any Related Party, in each case acting at the direction of the Collateral Agent, or breach of any duty that the Collateral Agent has under this Agreement (after giving effect to
Section 20). Any such amount -22- 

 

 
  
 not paid
to the Collateral Agent on demand will be subject to the terms of Section 2.07 of the Credit Agreement. 

(b) Ifany transfer tax, documentary stamp tax or other tax is payable in connection with any transfer or other transaction
provided for in the Security Documents, the Borrower will pay such tax and provide any required tax stamps to the Collateral Agent or as otherwise required by law. 
 (c) Each Grantor agrees, jointly and severally, to indemnify the Secured Parties and each Related Party ofthe Secured Parties (each such Person being called an “Indemnitee”)
against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and reasonable and documented or invoiced out-of-pocket fees and expenses (including reasonable and documented fees, disbursements and other charges
of any environmental consultant and one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and,
in the case of an actual or perceived conflict of interest, where an Indemnitee affected by such conflict informs the Borrower of such conflict and thereafter retains its own counsel, of another finn of counsel for such affected Indemnitee and any
similarly affected Indemnitees) of any such Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of the Security Documents or any agreement or instrument contemplated thereby, the performance by
the parties thereto of their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated thereby, (li) any Environmental Liability related in any way to the Grantors, any of their respective
subsidiaries or any property currently or formerly owned, leased or operated by the Grantors, any of their respective subsidiaries or any of their respective predecessors, including the Mortgaged Properties (except that the Grantors shall not be
obligated to indemnify any Indemnitee for any environmental condition at any property to the extent negligently caused by an Indemnitee and clearly demonstrated by a Grantor as first occurring after any transfer of the property by foreclosure or by
a deed in lieu of foreclosure) or (iii) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party
or by any Grantor or any of their respective Affiliates); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of
competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee or any of its controlled Affiliates or any of the officers, directors, employees,
agents, advisors or other representative of any of the foregoing, in each case, acting at the direction of such Indemnitee, (y) a material breach of any of its obligations under this Agreement as determined by a court of competent jurisdiction
in a final and non-appealable decision by such Indem-nitee or (z) any dispute among Indemnitees (other than a dispute involving claims against the Administrative Agent, the Swingline Lender or the Issuing Bank, in each case in their respective
capacitates as such). 
 SECTION 19. Authority to Administer Collateral. 

(a) Each Grantor irrevocably appoints the Collateral Agent as its true and lawful attorney, with full power of
substitution, in the name of such Grantor, any Secured Party or otherwise, for the sole use and benefit of the Secured Parties, but at the Borrower’s expense, to the extent permitted by law to exercise, at any time and from time to time while
an Event of Default shall have occurred and be continuing, all or any of the following powers with respect to all or any of such Grantor’s Collateral: 
 (i) to demand, sue for, collect, receive and give acquittance for any and all monies due or to become due upon or by virtue thereof, 

(li) to settle, compromise, compound, prosecute or defend any action or proceeding with respect thereto, -23- 

 

 
  
 (iii) to
sell, lease, license or otherwise dispose of the same or the proceeds or avails thereof, as fully and effectually as if the Collateral Agent had an interest therein identical to that of the applicable Grantor, and 

(iv) to extend the time of payment of any or all thereof and to make any allowance or other adjustment with reference
thereto; 
 provided that, except in the case of Personal Property Collateral that is perishable or threatens to
decline speedily in value or is of a type customarily sold on a recognized market, the Collateral Agent will give the relevant Grantor at least ten days’ prior written notice of the time and place of any public sale thereof or the time after
which any private sale or other intended disposition thereof will be made. Any such notice shall (x) contain the information specified in DCC Section 9-613, (y) be Authenticated and (z) be sent to the parties required to be
notified pursuant to DCC Section 9-611 (c); provided, further, that, if the Collateral Agent fails to comply with this sentence in any respect, its liability for such failure shall be limited to the liability (if any) imposed on it as a matter
of law under the DCC. 
 (b) Notwithstanding anything to the contrary herein, the foregoing provisions of this
Section shall not apply to Real Property Collateral; provided that the foregoing provisions of this Section 19 shall apply to Fixtures to the extent such Fixtures are governed by Article 9 of the DCC. 

SECTION 20. Limitation on Duty in Respect of Collateral. Beyond the exercise of reasonable care in the custody and
preservation thereof, the Collateral Agent will have no duty as to any Collateral in its possession or control or in the possession or control of any sub-agent or bailee or any income therefrom or as to the preservation of rights against prior
parties or any other rights pertaining thereto. The Collateral Agent will be deemed to have exercised reasonable care in the custody and preservation of the Collateral in its possession or control if such Collateral is accorded treatment
substantially equal to that which it accords its own property, and will not be liable or responsible for any loss or damage to any Collateral, or for any diminution in the value thereof, by reason of any act or omission of any sub-agent or bailee
selected by the Collateral Agent in good faith, except to the extent that such liability arises from the Collateral Agent’s gross negligence or willful misconduct. 
 SECTION 21. General Provisions Concerning the Collateral Agent. 
 (a) The provisions of Article VIII and Section 9.05 of the Credit Agreement shall inure to the benefit of the Administrative Agent and the Collateral Agent, to the extent provided for
therein, and shall be binding upon all Grantors and all Secured Parties, in connection with this Agreement and the other Security Documents. Without limiting the generality of the foregoing, (i) the Administrative Agent and the Collateral Agent
shall not be subject to any fiduciary or other implied duties, regardless of whether an Event of Default has occurred and is continuing, (ii) the Administrative Agent and the Collateral Agent shall not have any duty to take any discretionary
action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated by the Security Documents that the Administrative Agent and the Collateral Agent are required in writing to exercise by the Required Lenders
(or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 9.08 of the Credit Agreement), and (iii) except as expressly set forth in the Loan Documents, the Administrative Agent
and the Collateral Agent shall not have any duty to disclose, and shall not be liable for any failure to disclose, any information relating to any Grantor that is communicated to or obtained by the bank serving as Collateral Agent or any of its
Affiliates in any capacity. The Administrative Agent and the Collateral Agent shall not be responsible for the existence, genuineness or value of any Collateral or for the validity, perfection, priority or enforceability of any Transaction Lien,
whether impaired by operation of law or by reason of any action or omission to act on its part under the Security Documents. The Administrative Agent and the Collateral Agent shall be deemed not to have knowledge of any Event of 

-24- 

 

 
  
 Default
unless and until written notice thereof is given to the Collateral Agent by Intermediate Holdings, the Borrower or a Secured Party. 
 (b) Sub-Agents and Related Parties. The Collateral Agent may perform any of its duties and exercise any of its rights and powers through one or more sub-agents appointed by it. The
Collateral Agent and any such sub-agent may perform any of its duties and exercise any of its rights and powers through its Related Parties. The exculpatory provisions of Section 20 and this Section 21 shall apply to any such sub-agent and
to the Related Parties of the Collateral Agent and any such sub-agent. 
 (c) Information as to Obligations and
Actions by Secured Parties. For all purposes of the Security Documents, including determining the amounts of the Obligations and whether an Obligation is a Contingent Obligation or not, or whether any action has been taken under any Secured
Agreement, the Collateral Agent will be entitled to rely on information from (i) its own records for information as to the Lenders, their Obligations and actions taken by them, (li) any Secured Party for information as to its Obligations
and actions taken by it, to the extent that the Collateral Agent has not obtained such information from its own records and (iii) the Borrower, to the extent that the Collateral Agent has not obtained information from the foregoing sources.

 (d) Refusal to Act. The Collateral Agent may refuse to act on any notice, consent, direction or instruction
from any Secured Parties or any agent, trustee or similar representative thereof that, in the Collateral Agent’s opinion, (i) is contrary to law or the provisions of any Security Document, (ii) may expose the Collateral Agent to
liability (unless the Collateral Agent shall have been indemnified, to its reasonable satisfaction, for such liability by the Secured Parties that gave such notice, consent, direction or instruction) or (iii) is unduly prejudicial to Secured
Parties not joining in such notice, consent, direction or instruction. 
 SECTION 22. Termination of Transaction
Liens; Release ofCollateral. 
 (a) The Transaction Liens granted by each Guarantor shall terminate when its
Guarantee is released pursuant to Section 2(c). 

	 (b)
	  
	 The Transaction Liens granted by the Borrower shall terminate when all the Release Conditions are satisfied.

 (c) At any time before the Transaction Liens granted by the Borrower terminate, the
Collateral Agent may, at the written request of the Borrower and to the extent permitted by the Credit Agreement, (i) release any Collateral (but not all or substantially all the Collateral) with the prior written consent of the Required
Lenders or (li) release all or substantially all the Collateral with the prior written consent of all Lenders. 
 (d) Upon any termination of a Transaction Lien orrelease of Collateral, the Collateral Agent will, at the expense of the relevant Grantor, execute and deliver to such Grantor such
documents as such Grantor shall reasonably request to evidence the termination of such Transaction Lien or the release of such Collateral, as the case may be, and to terminate Control Agreements and similar third party agreements with respect to the
released Collateral; provided that the Collateral Agent shall have received such certifications of the Borrower with respect to such sale or disposition that it shall reasonably request. 

SECTION 23. Additional Guarantors and Grantors. Any Subsidiary may become a party hereto by signing and delivering to the
Collateral Agent a Guarantee and Collateral Agreement Supplement, whereupon such Subsidiary shall become a “Guarantor” and a “Grantor” as defined herein. The execution and delivery of such Guarantee and Collateral Agreement
Supplement shall not require the con- 
 -25- 

 

 
  
 sent of
any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Guarantor and Grantor as a party to this Agreement. 

SECTION 24. Notices. Each notice, request or other communication given to any party hereunder shall be given in accordance
with Section 9.01 of the Credit Agreement, and in the case of any such notice, request or other communication to a Grantor other than the Borrower, shall be given to it in care of the Borrower. 

SECTION 25. No Implied Waivers; Remedies Not Exclusive. No failure by the Collateral Agent or any Secured Party to
exercise, and no delay in exercising and no course of dealing with respect to, any right or remedy under any Security Document shall operate as a waiver thereof; nor shall any single or partial exercise by the Collateral Agent or any Secured Party
of any right or remedy under any Loan Document preclude any other or further exercise thereof or the exercise of any other right or remedy. The rights and remedies specified in the Loan Documents are cumulative and are not exclusive of any other
rights or remedies provided by law. 
 SECTION 26. Successors and Assigns. This Agreement is for the benefit of
the Collateral Agent and the Secured Parties. If all or any part of any Secured Party’s interest in any Obligatiori is assigned or otherwise transferred, the transferor’s rights hereunder, to the extent applicable to the obligation so
transferred, shall be automatically transferred with such obligation. This Agreement shall be binding on the Grantors and their respective successors and assigns. 
 SECTION 27. Amendments and Waivers. Neither this Agreement nor any provision hereof may be waived, amended, modified or terminated except pursuant to an agreement or agreements in writing
entered into by the Collateral Agent, with the consent of such Lenders as are required to consent thereto under Section 9.08 of the Credit Agreement. No such waiver, amendment or modification shall (i) be binding upon any Grantor, except
with its written consent or (li) affect the rights of a Secured Party (other than a Lender) hereunder more adversely than it affects the comparable rights of the Lenders hereunder, without the consent of such Secured Party. 

SECTION 28. Choice ofLaw. THIS AGREEMENT AND THE OTHER SECURITY DOCUMENTS (OTHER THAN AS EXPRESSLY SET FORTH IN SUCH
SECURITY DOCUMENTS) AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS AGREEMENT OR ANY SUCH OTHER SECURITY DOCUMENTS (INCLUDING, WITHOUT LIMITATION, ANY CLAIMS SOUNDING IN CONTRACT LAW OR TORT LAW ARISING OUT OF THE SUBJECT
MATTER HEREOF) SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. 

SECTION 29. Waiver ofJury Trial. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY
RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY OF THE OTHER SECURITY DOCUMENTS. EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE,
AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN
INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER SECURITY DOCUMENTS, AS APPLICABLE, BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 29. 
 -26- 

 

 
  
 SECTION
30. Severability. Ifany provision of any Security Document is invalid or unenforceable in any jurisdiction, then, to the fullest extent permitted by law, (i) the other provisions of the Security Documents shall remain in full force and effect
in such jurisdiction and shall be liberally construed in favor of the Collateral Agent and the Secured Parties in order to carry out the intentions of the parties thereto as nearly as may be possible and (ii) the invalidity or unenforceability
of such provision in such jurisdiction shall not affect the validity or enforceability thereof in any other jurisdiction. 
 -27- 

 

 
  
 IN WITNESS
WHEREOF, the parties hereto have caused this Agreement to be duly executed by their respective authorized officers as of the day and year fIrst above written. 
 ADS WASTE HOLDINGS, INC., as Borrower 
 By:
             
 Name: Title: 

ADVANCED DISPOSAL WASTE HOLDINGS CORP., as Intermediate Holdings and a Guarantor 

By:              

Name: Title: 
 [Signature Page—Guarantee and Collateral Agreement] 

 

 
  

Guarantors: 
 [Guarantors] 
 By:
            Name: Title: 
 [Signature Page Guarantee
and Collateral Agreement) 

 

 
  
 DEUTSCHE
BANK TRUST COMPANY AMERICAS, as Collateral Agent 
 By:
            Name: Title: 
 By:
            Name: Title: 
 [Signature Page Guarantee
and Collateral Agreement] 

 

 
  
 SCHEDULEl

 EQUITY INTERESTS IN SUBSIDIARIES AND AFFILIATES OWNED BY ORIGINAL GRANTORS 

(as of the Acquisition Date) 
 Jurisdiction Number of of Owner of Percentage Shares or Issuer Organization Equity Interest Owned Units 
 S-l-l 

 

 
  
 SCHEDULE 2

 INVESTMENT PROPERTY 
 (other than Equity Interests in Subsidiaries and Afflliates) OWNED BY ORIGINAL GRANTORS 
 (as of the Acquisition Date) 
 PART 1- Securities

 Jurisdiction of Amount Type of Issuer Organization Owner of Securities Owned Security” 

PART 2—Securities Accounts 
 The Original Grantors own Security Entitlements with respect to Financial Assets credited to the following Securities Accounts: 

Securities 
 Owner Intermediary Account Number 
 S-3-1

 

 
  
 SCHEDULE 3

 MATERIAL COMMERCIAL TORT CLAIMS 
 A-I 

 

 
  
 EXHffiITA
to Guarantee and Collateral Agreement 
 GUARANTEE AND COLLATERAL AGREEMENT SUPPLEMENT 

GUARANTEE AND COLLATERAL AGREEMENT SUPPLEMENT dated as of
            , between [NAME OF GRANTOR] (the “Grantor”) and Deutsche Bank Trust Company Ameri-cas, as Collateral Agent. 

WHEREAS, ADS WASTE HOLDINGS, INC., the Guarantors that are parties thereto and Deutsche Bank Trust Company Americas, as
Collateral Agent, are parties to a Guarantee and Collateral Agreement dated as of [ ],2012 (as heretofore amended and/or supplemented, the “Guarantee and Collateral Agreement”) under which the Borrower secures certain of their obligations
under and in connection with the Credit Agreement (the “Obligations”) and the Guarantors guarantee the Obligations and secure their respective guarantees thereof; 
 WHEREAS, [name of Grantor] [desires to become] [is] a party to the Guarantee and Collateral Agreement as a Guarantor and Grantor thereunder; 12 and 

WHEREAS, terms defined in the Guarantee and Collateral Agreement (or whose definitions are incorporated by reference in
Section 1 of the Guarantee and Collateral Agreement) and not otherwise defined herein have, as used herein, the respective meanings provided for therein; 
 NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as
follows: 
 Guarantee.13 
 1. The Grantor unconditionally guarantees the full and punctual payment of each Obligation when due (whether at stated maturity, upon acceleration or otherwise). The Grantor acknowledges
that, by signing this Guarantee and Collateral Agreement Supplement and delivering it to the Collateral Agent, the Grantor becomes a “Guarantor” and “Grantor” for all purposes of the Guarantee and Collateral Agreement and that
its obligations under the foregoing Guarantee are subject to all the provisions of the Guarantee and Collateral Agreement (including those set forth in Section 2 thereof) applicable to the obligations of a Guarantor thereunder. 

2. Grant of Transaction Liens. 
 (a) In order to secure [its Guarantee]14 [the Obligations]15, the Grantor grants to the Collateral Agent for the benefit of the Secured Parties a continuing security interest in all the
following property 
 12 If the Grantor is the Borrower, delete this recital and Section 1 hereof.

 l3 Delete this Section if the Grantor is the Borrower or a Guarantor that is already a party to the Guaranty
and Collateral Agreement. 
 14 Delete bracketed words if the Grantor is the Borrower. 

15 Delete bracketed words if the Grantor is a Guarantor. 

B-1 

 

 
  
 of the
Grantor, whether now owned or existing or hereafter acquired or arising and regardless of where located (the “New Collateral”): 
 [describe property being added to the Collateral] 16 
 (b) With respect to each right to payment or performance included in the Collateral from time to time, the Transaction Lien granted therein includes a continuing security interest in
(i) any Supporting Obligation that supports such payment or performance and (ii) any Lien that (x) secures such right to payment or performance or (y) secures any such Supporting Obligation. 

(c) The foregoing Transaction Liens are granted as security only and shall not subject the Collateral Agent or any other
Secured Party to, or transfer or in any way affect or modify, any obligation or liability of the Grantor with respect to any of the New Collateral or any transaction in connection therewith. 

3. Delivery of Collateral. Concurrently with delivering this Guarantee and Collateral Agreement Supplement to the
Collateral Agent, the Grantor is complying with the provisions of Section 7 of the Guarantee and Collateral Agreement with respect to Investment Property, in each case if and to the extent included in the New Collateral at such time.

 4. Party to Guarantee and Collateral Agreement. Upon delivering this Guarantee and Collateral Agreement
Supplement to the Collateral Agent, the Grantor will become a party to the Guarantee and Collateral Agreement and will thereafter have all the rights and obligations of a Guarantor and a Grantor thereunder and be bound by all the provisions thereof
as fully as if the Grantor were one of the original parties thereto. 17 
 5. Representations and Warranties.

 (a) The Grantor is duly organized, validly existing and in good standing under the laws of [j urisdiction of
organization]. 
 (b) The Grantor has delivered a Perfection Certificate to the Collateral Agent. The information
set forth therein is correct and complete as of the date hereof. Within 30 days after the date hereof, the Grantor will furnish to the Collateral Agent a file search report from each UCC filing office listed in such Perfection Certificate, showing
the filing made at such filing office to perfect the Transaction Liens on the New Collateral. 
 (c) The
execution and delivery of this Guarantee and Collateral Agreement Supplement by the Grantor and the performance by it of its obligations under the Guarantee and Collateral Agreement as supplemented hereby are within its organizational powers, have
been duly authorized by all necessary action pursuant to its Organizational Documents, require no further action by or in respect of, or filing with, any governmental body, agency or official and do not violate, conflict with or cause a breach or a
default under, any provision of applicable law or regulation or of its Organizational Documents, or of any agreement, judgment, injunction, order, decree or other instrument binding upon it or result in the creation or imposition of any Lien (except
a Transaction Lien) on any of its assets. 
 16 If the Grantor is not already a party to the Guaranty and
Collateral Agreement, clauses (i) through (xvi) of, and the proviso to, Section 3(a) of the Guaranty and Collateral Agreement may be appropriate. 
 17 Delete Section 4 if the Grantor is already a party to the Guaranty and Collateral Agreement. 
 B-2 

 

 
  
 (d) The
Guarantee and Collateral Agreement as supplemented hereby constitutes a valid and binding agreement of the Grantor, enforceable in accordance with its terms, except as limited by (i) applicable bankruptcy, insolvency, fraudulent conveyance or
other similar laws affecting creditors’ rights generally and (ii) general principles of equity. 
 (e)
Each of the representations and warranties set forth in Sections 4 through 11 of the Guarantee and Collateral Agreement is true, in all material respects, as applied to the Grantor and the New Collateral. For purposes of the foregoing sentence,
references in said Sections to a “Grantor” shall be deemed to refer to the Grantor, references to Schedules to the Guarantee and Collateral Agreement shall be deemed to refer to the corresponding Schedules to this Guarantee and Collateral
Agreement Supplement, references to “Collateral” shall be deemed to refer to the New Collateral, and references to the “Acquisition Date” shall be deemed to refer to the date on which the Grantor signs and delivers this Guarantee
and Collateral Agreement Supplement. 
 6. Governing Law. This Guarantee and Collateral Agreement Supplement and
any claim, controversy or dispute arising under or related to this Guarantee and Collateral Agreement (including, without limitation, any claims sounding in contract law or tort law arising out of the subject matter hereof) shall be construed in
accordance with and governed by the laws of the State of New York. 
 IN WITNESS WHEREOF, the parties hereto have
caused this Guarantee and Collateral Agreement Supplement to be duly executed by their respective authorized officers as of the day and year first above written. 
 [NAME OF GRANTOR] 
 By: 

Name: Title: 
 DEUTSCHE BANK TRUST COMPANY AMERICAS, as Collateral Agent 
 By: 
 Name: Title: 

By:              

Name: Title: 
 B-3 

 

 
  
 Schedule 1
to Guarantee and CoUateral Agreement Supplement 
 EQUITY INTERESTS IN SUBSIDIARIES AND AFFILIATES OWNED BY
GRANTOR 
 Jurisdiction of Percentage Number of Issuer Organization Owned Shares or Units 

B-4 

 

 
  
 Schedule 2
to Guarantee and Collateral Agreement Supplement 
 INVESTMENT PROPERTY 

(other than Equity Interests in Subsidiaries and Affiliates) OWNED BY GRANTOR 

PART 1- Securities Jurisdiction 
 Jurisdiction of Amount Type of Issuer Organization Owned Security 
 PART 2—Securities Accounts 
 The Grantor owns
Security Entitlements with respect to Financial Assets credited to the following Securities Accounts: 

Securities Intermediary Account Number 
 B-5 

 

 
  
 EXHIBIT B
to Guarantee and Collateral Agreement 
 COPYRIGHT SECURITY AGREEMENT 

(Copyrights, Copyright Registrations, Copyright Applications and Copyright Licenses) 

COPYRIGHT SECURITY AGREEMENT, dated as of , __, between [NAME OF GRANTOR], a corporation 1 (herein referred to as the
“Grantor”), and DEUTSCHE BANK TRUST COMPANY AMERICAS, as Collateral Agent. 
 WHEREAS, the Grantor
owns, or in the case of licenses is a party to, the Copyright Collateral (as defined below); 
 WHEREAS, ADS
WASTE HOLDINGS, INC. (as successor in interest to ADS Waste Escrow Corp. II, the “Borrower”), ADV ANCED DISPOSAL WASTE HOLDINGS CORP. (“Intermediate Holdings”), the Lenders that are parties thereto, and Guarantors that are
parties thereto and Deutsche Bank Trust Company Americas, as Administrative Agent, are parties to a Credit Agreement dated as of October [9], 2012 (as amended from time to time, the “Credit Agreement”); 

WHEREAS, pursuant to (i) a Guarantee and Collateral Agreement dated as of [ ],2012 (as amended and/or supplemented
from time to time, the “Guarantee and Collateral Agreement”) among the Borrower, the Guarantors that are parties thereto and Deutsche Bank Trust Company Americas, as Collateral Agent for the Secured Parties referred to therein (ih such
capacity, together with its successors in such capacity, the “Grantee”) and (ii) certain other Security Documents (including this Copyright Security Agreement), the Grantor has [secured certain of its obligations (the
“Obligations”)f [guaranteed certain obligations of the Borrower and secured such guarantee (the “Grantor’s Guarantee,,)]3 by granting to the Grantee for the benefit of such Secured Parties a continuing security interest in
certain personal property of the Grantor, including all right, title and interest of the Grantor in, to and under the Copyright Collateral (as defined below); and 
 WHEREAS, terms defined in the Guarantee and Collateral Agreement (or whose definitions are incorporated by reference in Section 1 of the Guarantee and Collateral Agreement) and not
otherwise defined herein shall have, the respective meanings provided for therein; 
 NOW, THEREFORE, for good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Grantor grants to the Grantee, to secure the [Obligations] [Grantor’s Guarantee], a continuing security interest in all of the Grantor’s right,
title and interest in, to and under the following (all of the following items or types of property being herein collectively referred to as the “Copyright Collateral”), whether now owned or existing or hereafter acquired or arising:

 Modify as needed if the Grantor is not a corporation. 

	 2
	  
	 Delete these bracketed words if the Grantor is a Guarantor. 

	 3
	  
	 Delete these bracketed words if the Grantor is the Borrower. 

C-l 

 

 
  
 (i) each
Copyright owned by the Grantor, including, without limitation, each Copyright registration or application therefor referred to in Schedule 1 hereto; 
 (U) each Copyright License to which the Grantor is a party, including, without limitation, each Copyright Ucense identified in Schedule 1 hereto; and 

(iii) all proceeds of, revenues from, and accounts and general intangibles arising out of, the foregoing, including,
without limitation, all proceeds of and revenues from any claim by the Grantor against third parties for past, present or future infringement of any Copyright (including, without limitation, any Copyright owned by the Grantor and identified in
Schedule 1), and all rights and benefits of the Grantor under any Copyright License (including, without limitation, any Copyright Ucense identified in Schedule 1); 
 provided that the Excluded Assets shall be excluded from the foregoing security interest. 
 The Grantor irrevocably constitutes and appoints the Grantee and any officer or agent thereof, with full power of substitution, as its true and lawful attorney-in-fact with full power and
authority in the name of the Grantor or in the Grantee’s name, from time to time, in the Grantee’s discretion, so long as any Event of Default shall have occurred and be continuing, to take with respect to the Copyright Collateral any and
all appropriate action which the Grantor might take with respect to the Copyright Collateral and to execute any and all documents and instruments which may be necessary or desirable to carry out the terms of this Copyright Security Agreement and to
accomplish the purposes hereof. 
 Except to the extent expressly permitted in the Guarantee and Collateral
Agreement or the Credit Agreement, the Grantor agrees not to sell, license, exchange, assign or otherwise transfer or dispose of, or grant any rights !Vith respect to, or mortgage or otherwise encumber, any of the Copyright Collateral. 

The foregoing security interest is granted in conjunction with the security interests granted by the Grantor to the
Grantee pursuant to the Guarantee and Collateral Agreement. The Grantor acknowledges and affirms that the rights and remedies of the Grantee with respect to the security interest in the Copyright Collateral granted hereby are more fully set forth in
the Guarantee and Collateral Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein. In the event that any of the provisions of the Copyright Security Agreement are deemed to conflict with any
of the provisions of the Guarantee and Collateral Agreement, the provisions of the Guarantee and Collateral Agreement shall govern. 
 IN WITNESS WHEREOF, the Grantor has caused this Copyright Security Agreement to be duly executed by its officer thereunto duly authorized as of the date first written above. 

[NAME OF GRANTOR) 
 By: 
 Name: Title: 

C-2 

 

 
  
 Acknow
ledged: 
 DEUTSCHE BANK TRUST COMPANY AMERICAS, as Collateral Agent 

By: 
 Name: Title: 
 By:
            Name: Title: 
 C-l 

 

 
  
 Schedule I
to Copyright Security Agreement 
 [NAME OF GRANTOR] 

COPYRIGHT REGISTRATIONS 
 Expiration Registration No. Registration Date Title Date 
 COPYRIGHT APPLICATIONS 
 COPYRIGHT LICENSES

 Name of Parties Date of Subject Agreement LicensorlLicensee Agreement Matter 

C-2 

 

 
  
 EXHIDITC
to Guarantee and Collateral Agreement 
 PATENT SECURITY AGREEMENT 

(Patents, Patent Applications and Patent :t-icenses) 

PATENT SECURITY AGREEMENT, dated as of , __, between [NAME OF 

i 
 GRANTOR], a corporation (herein referred to as the “Grantor”), and DEUTSCHE BANK TRUST COMPANY AMERICAS, as Collateral Agent. 

WHEREAS, the Grantor owns, or in the case of licenses is a party to, the Patent Collateral (as defined below); 

WHEREAS, ADS WASTE HOLDINGS, INC. (as successor in interest to ADS Waste Escrow Corp. II, the “Borrower”),
ADVANCED DISPOSAL WASTE HOLDINGS CORP. (“Intennediate Holdings”), the Lenders that are parties thereto, and Guarantors that are parties thereto and Deutsche Bank Trust Company Americas, as Administrative Agent, are parties to a Credit
Agreement dated as of October [9], 2012 (as amended from time to time, the “Credit Agreement”) 

WHEREAS, pursuant to (i) a Guarantee and Collateral Agreement dated as of [ ],2012 (as amended and/or supplemented
from time to time, the “Guarantee and Collateral Agreement”) among the Borrower, the Guarantors that are parties thereto and Deutsche Bank Trust Company Americas, as Collateral Agent for the Secured Parties referred to therein (in such
capacity, together with its successors in such capacity, the “Grantee”) and (ii) certain other Security Documents (including this Copyright Security Agreement), the Grantor has [secured certain of its obligations (the
“Obligations,,)]2 [guaranteed certain obligations of the Borrower and secured such guarantee (the “Grantor’s Guarantee,,)]3 by granting to the Grantee for the benefit of such Secured Parties a continuing security interest in certain
personal property of the Grantor, including all right, title and interest of the Grantor in, to and under the Copyright Collateral (as defined below); and 
 WHEREAS, terms defined in the Guarantee and Collateral Agreement (or whose definitions are incorporated by reference in Section 1 of the Guarantee and Collateral Agreement) and not
otherwise defined herein shall have, the respective meanings provided for therein; 
 NOW, THEREFORE, for good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Grantor grants to the Grantee, to secure the [Obligations] [Grantor’s Guarantee], a continuing security interest in all of the Grantor’s right,
title and interest in, to and under the following (all of the following items or types of property being herein collecti vel y referred to as the “Patent Collateral”), whether now owned or existing or hereafter acquired or arising:

 Modify as needed if the Grantor is not a corporation. 

	 2
	  
	 Delete these bracketed words if the Grantor is a Guarantor. 

	 3
	  
	 Delete these bracketed words if the Grantor is the Borrower. 

D-l 

 

 
  

	 (i)
	  
	 each Patent owned by the Grantor, including, without limitation, each Patent referred to in Schedule I hereto;

 (ii) each Patent License to which the Grantor is a party, including, without limitation,
each Patent License identified in Schedule 1 hereto; and 
 (iii) all proceeds of and revenues from the
foregoing, including, without limitation, all proceeds of and revenues from any claim by the Grantor against third parties for past, present or future infringement of any Patent owned by the Grantor (including, without limitation, any Patent
identified in Schedule 1 hereto) and all rights and benefits of the Grantor under any Patent License (including, without limitation, any Patent License identified in Schedule 1 hereto); 

provided that the Excluded Assets shall be excluded from the foregoing security interest. 

The Grantor irrevocably constitutes and appoints the Grantee and any officer or agent thereof, with full power of
substitution, as its true and lawful attorney-in-fact with full power and authority in the name of the Grantor or in the Grantee’s name, from time to time, in the Grantee’s discretion, so long as any Event of Default shall have occurred
and be continuing, to take with respect to the Patent Collateral any and all appropriate action which the Grantor might take with respect to the Patent Collateral and to execute any and all documents and instruments which may be necessary or
desirable to carry out the terms of this Patent Security Agreement and to accomplish the purposes hereof. 

Except to the extent expressly permitted in the Guarantee and Collateral Agreement or the Credit Agreement, the Grantor
agrees not to sell, license, exchange, assign or otherwise transfer or dispose of, or grant any rights with respect to, or mortgage or otherwise encumber, any of the Patent Collateral. 

The foregoing security interest is granted in conjunction with the security interests granted by the Grantor to the
Grantee pursuant to the Guarantee and Collateral Agreement. The Grantor acknowledges and affirms that the rights and remedies of the Grantee with respect to the security interest in the Patent Collateral granted hereby are more fully set forth in
the Guarantee and Collateral Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein. In the event that any of the provisions of the Patent Security Agreement are deemed to conflict with any of
the provisions of the Guarantee and Collateral Agreement, the provisions of the Guarantee and Collateral Agreement shall govern. 
 IN WITNESS WHEREOF, the Grantor has caused this Patent Security Agreement to be duly executed by its officer thereunto duly authorized as of the date first written above. 

[NAME OF GRANTOR] 
 By:             Name: Title: 
 D-2 

 

 
  

Acknowledged: 
 DEUTSCHE BANK TRUST COMPANY AMERICAS, as Collateral Agent 
 By:             Name: Title: 
 By:             Name: Title: 
 D-1 

 

 
  
 Schedule 1
to Patent Security Agreement 
 [NAME OF GRANTOR] 

PATENTS AND DESIGN PATENTS 
 Patent No. Issued iration Country Title 
 PATENT
APPLICATIONS 
 Case No. Serial No. Country Date Filing Title 

PATENT LICENSES 
 Name of Parties Date of Subject Agreement Licensor/Licensee Agreement Matter 
 D-2 

 

 
  
 EXHIBITD
to Guarantee and Collateral Agreement 
 TRADEMARK SECURITY AGREEMENT 

(Trademarks, Trademark Registrations, Trademark Applications and Trademark Licenses) 

TRADEMARK SECURITY AGREEMENT, dated as of “ between [NAME OF GRANTOR], a corporation! (herein referred to as the
“Grantor”), and DEUTSCHE BANK TRUST COMPANY AMERICAS, as Collateral Agent. 
 WHEREAS, the Grantor
owns, or in the case of licenses is a party to, the Trademark Collateral (as defined below); 
 WHEREAS, ADS
WASTE HOLDINGS, INC. (as successor in interest to ADS Waste Escrow Corp. II, the “Borrower”), ADVANCED DISPOSAL WASTE HOLDINGS CORP. (“Intermediate Holdings”), the Lenders that are parties thereto, and Guarantors that are parties
thereto and Deutsche Bank Trust Company Americas, as Administrative Agent, are parties to a Credit Agreement dated as of October [9],2012 (as amended from time to time, the “Credit Agreement”) 

WHEREAS, pursuant to (i) a Guarantee and Collateral Agreement dated as of [ ], 2012 (as amended and/or supplemented
from time to time, the “Guarantee and Collateral Agreement”) among the Borrower, the Guarantors that are parties thereto and Deutsche Bank Trust Company Americas, as Collateral Agent for the Secured Parties referred to therein (in such
capacity, together with its successors in such capacity, the “Grantee”) and (ii) certain other Security Documents (including this Copyright Security Agreement), the Grantor has [secured certain of its obligations (the
“Obligations,,)]2 [guaranteed certain obligations of the Borrower and secured such guarantee (the “Grantor’s Guarantee,,)]3 by granting to the Grantee for the benefit of such Secured Parties a continuing security interest in certain
personal property of the Grantor, including all right, title and interest of the Grantor in, to and under the Copyright Collateral (as defined below); and 
 WHEREAS, terms defined in the Guarantee and Collateral Agreement (or whose definitions are incorporated by reference in Section 1 of the Guarantee and Collateral Agreement) and not
otherwise defined herein shall have, the respective meanings provided for therein; 
 NOW, THEREFORE, for good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Grantor grants to the Grantee, to secure the [Obligations] [Grantor’s Guarantee], a continuing security interest in all of the Grantor’s right,
title and interest in, to and under the following (all of the following items or types of property being herein collectively referred to as the “Trademark Collateral”), whether now owned or existing or hereafter acquired or arising:

 Modify as needed if the Grantor is not a corporation. 

	 2
	  
	 Delete these bracketed words if the Grantor is a Guarantor. 

	 3
	  
	 Delete these bracketed words if the Grantor is the Borrower. 

E-1 

 

 
  
 (i) each
Trademark (except for any Trademark that constitutes an Excluded Asset) owned by the Grantor, including, without limitation, each Trademark registration and application referred to in Schedule 1 hereto, and all of the goodwill of the business
connected with the use of, or symbolized by, each Trademark; 
 (ii) each Trademark License to which the Grantor
is a party, including, without limitation, each Trademark License identified in Schedule 1 hereto; and 
 (iii)
all proceeds of and revenues from the foregoing, including, without limitation, all proceeds of and revenues from any claim by the Grantor against third parties for past, present or future unfair competition with, or violation of intellectual
property rights in connection with or injury to, or infringement or dilution of, any Trademark owned by the Grantor (including, without limitation, any Trademark identified in Schedule 1 hereto), and all rights and benefits of the Grantor under any
Trademark License (including, without limitation, any Trademark License identified in Schedule 1 hereto), or for injury to the goodwill associated with any of the foregoing; 
 provided that the Excluded Assets shall be excluded from the foregoing security interest. 
 The Grantor irrevocably constitutes and appoints the Grantee and any officer or agent thereof, with full power of substitution, as its true and lawful attorney-in-fact with full power and
authority in the name of the Grantor or in the Grantee’s name, from time to time, in the Grantee’s discretion, so long as any Event of Default shall have occurred and be continuing, to take with respect to the Trademark Collateral any and
all appropriate action which the Grantor might take with respect to the Trademark Collateral and to execute any and all documents and instruments which may be necessary or desirable to carry out the terms of this Trademark Security Agreement and to
accomplish the purposes hereof. 
 Except to the extent expressly permitted in the Guarantee and Collateral
Agreement or the Credit Agreement, the Grantor agrees not to sell, license, exchange, assign or otherwise transfer or dispose of, or grant any rights with respect to, or mortgage or otherwise encumber, any of the Trademark Collateral. 

The foregoing security interest is granted in conjunction with the security interests granted by the Grantor to the
Grantee pursuant to the Guarantee and Collateral Agreement. The Grantor acknowledges and affinns that the rights and remedies of the Grantee with respect to the security interest in the Trademark Collateral granted hereby are more fully set forth in
the Guarantee and Collateral Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein. In the event that any of the provisions of the Trademark Security Agreement are deemed to conflict with any
of the provisions of the Guarantee and Collateral Agreement, the provisions of the Guarantee and Collateral Agreement shall govern. 
 E-2 

 

 
  
 IN WITNESS
WHEREOF, the Grantor has caused this Trademark Security Agreement to be duly executed by its officer thereunto duly authorized as of the date first written above. 
 [NAME OF GRANTOR] 
 By:
            Name: Title: 
 B-1 

 

 
  

Acknowledged: 
 DEUTSCHE BANK TRUST COMPANY AMERICAS, as Collateral Agent 
 By:              
 Name: Title: 
 By:
             
 Name: Title: 

E-l 

 

 
  
 Schedule I
to Trademark Security Agreement 
 [NAME OF GRANTOR] 

U.S. TRADEMARK REGISTRATIONS 
 TRADEMARK REG. NO. REG. DATE 
 U.S. TRADEMARK
APPLICATIONS 
 ~             T
            RAD E             MA R_K            —
+            RE _G_.N_O_.             + -1_·· __REG. DATE 

E-2 

 

 
  
 TRADEMARK
LICENSES 
 Name of Parties Date of Subject Agreement LicensorlLicensee Agreement Matter 

B-3 

 

 
  
 EXHIDITE
to Guarantee and CollateraJ Agreement 
 PERFECTION CERTIFICATE 

[See Attached] 
 F-4 

 

 
  
 EXHIBITF
to Guarantee and Collateral Agreement . 
 ISSUER CONTROL AGREEMENT 

ISSUER CONTROL AGREEMENT dated as of __, __among (the “Grantor”), Deutsche Bank Trust Company Americas, as
Collateral Agent (the “Secured Party”), and             (the “Issuer”). All references herein to the “UCC” refer to the Uniform Commercial Code as in effect
from time to time in [Issuer’s jurisdiction of organization]. 
 WITNESSETH: 

WHEREAS, the Grantor is the registered holder of [specify Pledged Uncertificated Securities issued by the Issuer] issued
by the Issuer (the “Securities”); 
 WHEREAS, pursuant to a Guarantee and Collateral Agreement dated as
of [ ],2012 (as such agreement may be amended and/or supplemented from time to time, the “Guarantee and Collateral Agreement”), the Grantor has granted to the Secured Party a continuing security interest (the “Transaction Lien”)
in all right, title and interest of the Grantor in, to and under the Securities, whether now existing or hereafter arising; 
 WHEREAS, the parties hereto are entering into this Agreement in order to perfect the Transaction Lien on the Securities; and 

WHEREAS, terms defined in the Guarantee and Collateral Agreement (or whose definitions are incorporated by reference in
Section 1 of the Guarantee and Collateral Agreement) and not otherwise defined herein shall have, the respective meanings provided for therein; 
 NOW, THEREFORE, the parties hereto agree as follows: 
 Section 1. Nature ofSecurities. The Issuer contmns that Article I the Securities are “uncertificated securities” (as defined in Section 8-102 of the UCC) and Article 2
the Grantor is registered on the books of the Issuer as the registered holder of the Securities. 

Section 2. Instructions. The Issuer agrees to comply with any “instruction” (as defined in
Section 8-102 of the UCC) originated by the Secured Party and relating to the Securities without further consent by the Grantor or any other person. The Grantor consents to the foregoing agreement by the Issuer. 

Section 3. Waiver ofLien; Waiver ofSet-of{. The Issuer waives any security interest, lien or right of set-off that it
may now have or hereafter acquire in or with respect to the Securities. The Issuer’s obligations in respect of the Securities will not be subject to deduction, set-off or any other right in favor of any person other than the Secured Party.

 Section 4. Choice ofLaw. This Issuer Control Agreement and any claim, controversy or dispute arising
under or related to this Issuer Control Agreement (including, without limitation, any claims sounding in contract law or tort law arising out of the subject matter hereof) shall be construed in accordance with and governed by the laws of the State
of New York. 
 Section 5. Conflict with Other Agreements. There is no agreement (except this Agreement)
between the Issuer and the Grantor with respect to the Securities [except for [identify any existing other 
 F-l

 

 
  

agreements] (the “Existing Other Agreements”)]. In the event of any conflict between this Agreement (or any
portion hereof) and any other agreement [(including any Existing Other Agreement)] between the Issuer and the Grantor with respect to the Securities, whether now existing or hereafter entered into, the terms of this Agreement shall prevail.

 Section 6. Amendments. No amendment or modification of this Agreement or waiver of any right hereunder
shall be binding on any party hereto unless it is in writing and is signed by all the parties hereto. 

Section 7. Notice ofAdverse Claims. Except for the claims and interests of the Secured Party anc;l the Grantor in the
Securities, the Issuer does not know of any claim to, or interest in, the Securities. Ifany person asserts any lien, encumbrance or adverse claim (including any writ, garnishment, judgment, attachment, execution or similar process) against the
Securities, the Issuer will promptly notify the Secured Party and the Grantor thereof. 
 Section 8.
Maintenance ofSecurities. In addition to, and not in lieu of, the obligation of the Issuer to honor instructions of the Secured Party as agreed in Section 2 hereof, the Issuer agrees as follows: 

(i) Grantor Instructions; Notice ofExclusive Control. So long as the Issuer has not received a Notice of Exclusive Control
(as defined below), the Issuer may comply with instructions of the Grantor or any duly authorized agent of the Grantor in respect of the Securities. After the Issuer receives a written notice in the form of Exhibit A hereto from the Secured Party
that it is exercising exclusive control over the Securities (a “Notice of Exclusive Contro]”) the Issuer will cease complying with instructions of the Grantor or any of its agents. A Notice of Exclusive Control shall not be delivered
unless an Event of Default has occurred and is continuing and shall be rescinded upon the cure or waiver of such Event of Default. 
 (ii) Non-Cash Dividends and Distributions. The Issuer shall deliver to the Secured Party all non-cash dividends, interest and other non-cash distributions paid or made upon or with respect
to the Securities. 
 (iii) Voting Rights. Until the Issuer receives a Notice of Exclusive Control, the Grantor
shall be entitled to direct the Issuer with respect to voting the Securities. 
 (iv) Statements and
Confirmations. The Issuer will promptly send copies of all statements and other correspondence concerning the Securities simultaneously to each of the Grantor and the Secured Party at their respective addresses specified in Section 11 hereof.

 (v) Tax Reporting. All items of income, gain, expense and loss recognized in respect of the Securities shall
be reported to the Internal Revenue Service and all state and local taxing authorities under the name and taxpayer identification number of the Grantor. 
 Section 9. Representations, Warranties and Covenants ofthe Issuer. The Issuer makes the following representations, warranties and covenants: 

	 (i)
	  
	 This Agreement is a valid and binding agreement of the Issuer enforceable in accordance with its terms.

 (ii) The Issuer has not entered into, and until the termination of this Agreement will not
enter into, any agreement with any person other than the Secured Party relating to the Securities pursuant to which it has agreed, or will agree, to comply with instructions (as defined in Sec- 

F-2 

 

 
  
 tion 8-102
of the UCC) of such person. The Issuer has not entered into any other agreement with the Grantor or the Secured Party purporting to limit or condition the obligation of the Issuer to comply with instructions as agreed in Section 2 hereof.

 Section 10. Successors. This Agreement shall be binding upon, and shall inure to the benefit of, the
parties hereto and their respective successors and assigns. 
 Section 11. Notices. Each notice, request or
other communication given to any party hereunder shall be in writing (which term includes facsimile or other electronic transmission) and shall be effective Article 1 when delivered to such party at its address specified below, Article 2 when sent
to such party by facsimile or other electronic transmission, addressed to it at its facsimile number or electronic address specified below, and such party sends back an electronic confirmation of receipt or Article 3 ten days after being sent to
such party by certified or registered United States mail, addressed to it at its address specified below, with first class or airmail postage prepaid: 
 Grantor: Secured Party: Issuer: 
 Any party may
change its address, facsimile number and/or e-mail address for purposes of this Section by giving notice of such change to the other parties in the manner specified above. 
 Section 12. Termination. The rights and powers granted herein to the Secured Party Article 1 have been granted in order to perfect the Transaction Lien, Article 2 are powers coupled
with an interest and Article 3 will not be affected by any bankruptcy of the Grantor or any lapse of time. The obligations of the Issuer hereunder shall continue in effect until the Secured Party has notified the Issuer in writing that the
Transaction Lien has been terminated pursuant to the Guarantee and Collateral Agreement. 
 Section 13.
Counterparts. This Agreement may be executed in any number of counterparts, all of which shall constitute one and the same instrument, and any party hereto may execute this Agreement by signing and delivering one or more counterparts. 

F-3 

 

 
  
 [NAME OF
GRANTOR] 
 By:              

Name: Title: 
 F-l 

 

 
  
 DEUTSCHE
BANK TRUST COMPANY AMERICAS, as Collateral Agent 
 By:
            Name: Title: 
 By:
            Name: Title: 
 [NAME OF ISSUER]

 By:             Name: Title: 

F-2 

 

 
  
 Exhibit A

 [Letterhead of Secured Party] [Date] [Name and Address of Issuer] Attention: 

Re: Notice of Exclusive Control 
 Ladies and Gentlemen: 
 As referenced in the Issuer
Control Agreement dated as of __, __among [name of Grantor], us and you (a copy of which is attached), we notify you that we will hereafter exercise exclusive con-trolover [specify Pledged Uncertificated Securities] registered in the name of [name
of Grantor] (the “Securities”). You are instructed not to accept any directions or instructions with respect to the Securities from any person other than the undersigned unless otherwise ordered by a court of competent jurisdiction.

 You are instructed to deliver a copy of this notice by facsimile transmission to [name of Grantor].

 Very truly yours, 
 DEUTSCHE BANK TRUST COMPANY AMERICAS, as Collateral Agent 
 By:              
 Name: Title: 
 By:
             
 Name: Title: cc: [name of Grantor]

 F-3 

 

 
  
 EXHIBITF

 [Form of] 
 REAL ESTATE LOCAL COUNSEL OPINION 
 [Letterhead of
Local Counsel] 
 2012 
 To the Lenders and the Administrative Agent and Collateral Agent Referred to Below c/o Deutsche Bank Trust Company Americas as Administrative Agent for the Lenders referred to below, 5022
Gate Parkway, Suite 200 Jacksonville, Florida 32256 Attention: Sara Pelton 
 Ladies and Gentlemen: 

We have acted as special counsel in the State of (the “State”) in connection with the transactions contemplated
by the Credit Agreement, dated as of October 9,2012 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among ADS WASTE ESCROW CORP. IT, a Delaware corporation, as Escrow
Borrower, ADS WASTE HOLDINGS INC., as Borrower upon the Acquisition Date, ADVANCED DISPOSAL WASTE HOLDINGS CORP., a Delaware corporation, as Intermediate Holdings upon the Acquisition Date (“Intermediate Holdings” and, together with the
Subsidiary Guarantors as defined therein, including , a             the “‘Mortgagor”) 1, the Borrower and Intermediate Holdings, the “Credit Parties”) the Lenders
(such term and each other capitalized term used but not defined in this introductory statement having the meaning given it in Article I of the Credit Agreement), and DEUTSCHE BANK TRUST COMPANY AMERICAS, as administrative agent (in such capacity,
including any successor thereto, the “Administrative Agent”) and as collateral agent (in such capacity, including any successor thereto, the “Collateral Agent”) for the Lenders, have assisted in the preparation of the Mortgagels
[Deedls of Trust] (defined below), and have been requested to render this opinion pursuant to Section 4.02(e) of the Credit Agreement. Capitalized terms used but not defined herein have the meanings assigned to them in the Mortgagels [Deedls of
Trust]. 
 We have examined (i) the Credit Agreement, (ii) the mortgage/s [deedls of trust] described
in Schedule I hereto (the “Mortgagels [Deedls of Trust],,), (iii) the Guarantee and Collateral Agreement dated as of _,2012 (the “Security Agreement”) among the Companies, the Guarantors signatory thereto and the Agent and
(iv) [the financing statements described in Schedule IT hereto (the “Fi- 
 This opinion form assumes
that the Mortgagor is (x) a corporation, (y) a subsidiary guarantor of the obligations of the borrowers. and (z) not organized in the State. Revise accordingly for entities other than corporations, if the Mortgagor is a borrower and
if Mortgagor is organized in State. 
 F-l 

 

 
  
 nancing
Statements,,]2; the Credit Agreement, the Mortgage/s [Deedls of Trust], the Security Agreement and the Financing Statements being collectively referred to herein as the “Loan Documents”). The term “Mortgaged [Trust] Property” has
the meaning assigned to it in the Mortgage/s [Deedls of Trust]. 
 We have also examined and relied upon the
originals, or copies certified or otherwise identified to our satisfaction, of such documents, corporate records, certificates of public officials and other instruments, and have conducted such other investigations of fact and hiw as we have deemed
necessary or advisable for purposes of this opinion. In rendering our opinion, we have assumed the genuineness of all signatures, the authenticity of all documents submitted to us as originals and the conformity to authentic original documents of
all documents submitted to us as certified, conformed or photostatic copies. In rendering this opinion, we have assumed that: 
 (a) The Mortgagor is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation, and has all requisite corporate power and all
material governmental licenses, authorizations, consents and approvals necessary to own and operate the Mortgaged [Trust] Property. 
 (b) The execution, delivery and performance by the Mortgagor of the Mortgage/s [Deedls of Trust] and the execution, delivery and performance by the Mortgagor of each of the other Loan
Documents to which it is a party (i) are within its corporate powers, (ii) have been duly authorized by all necessary corporate action, (iii) do not require any authorization, approval or consent of, or filings or registrations with,
any governmental or regulatory authority or agency outside of the State, except for authorizations, consents, approvals that have already been obtained or filings that have already been made and that remain in effect, (iv) do not contravene any
provision of its certificate of incorporation or by-laws, and (v) do not contravene or constitute a breach of or default under any applicable provision of the laws of any jurisdiction other than the State and the federal laws of the United
States or any applicable regulation thereunder or under any agreement, judgment, injunction, order, decree or other instrument binding upon it. 

	 (c)
	  
	 The Mortgage/s [Deedls of Trust] and Financing Statements have been duly executed and delivered by the
Mortgagor. 

 (d) [The Loan Documents other than the Mortgage/s [Deedls of Trust] constitute
legal, valid and binding obligations of the Mortgagor under the laws of the State of New York.] 

	 (e)
	  
	 The Mortgagor [owns] [has a valid leasehold interest in] the Mortgaged [Trust] Property.

 (f) The Mortgage will be duly recorded in the office described in Schedule I [and that all
applicable mortgage recording or tangibles tax imposed thereon or with respect to the indebtedness secured thereby will be paid].3 

	 2
	  
	 

 Include only if either (x) fixture filings will be recorded or (y) with respect to Article 9 collateral, the Mortgagor is organized in the State. 

	 3
	  
	 

 Insert for mortgage or intangibles tax jurisdictions. 
 F-2 

 

 
  
 Upon the
basis of the foregoing, we are of the opinion that, under applicable law in effect on the date of this opinion: 

1. The Mortgagor has been duly qualified as a foreign entity for the transaction of 

	 4
	  
	 

 business in the State. 
 2. None of the execution,
delivery and performance of the Mortgage/s [Deedls of Trust] and the other Loan Documents and the consummation of the transactions contemplated thereby (i) contravene or constitute a breach of or default under any applicable provision of the
laws of the State or any applicable regulation thereunder or Oi) require any authorization, approval or consent of, or filings or registrations with any governmental or regulatory authority or agency of or in the State. 

3. The [Each of the] Mortgage/s [Deedls of Trust] constitutes a legal, valid and binding obligations of the Mortgagor,
enforceable in accordance with its terms, except as the enforceability thereof may be limited by bankruptcy, insolvency or other similar laws relating to the enforcement of creditors’ rights generally and by general equitable principles. The
[Each of the] Mortgage/s [Deedls of Trust] is in proper form under applicable laws of the State to be accepted for recording in the offices designated in Schedule I hereto. 
 4. None of the Collateral Agent or the Lenders is required to pay any tax or be qualified to do business or file any designation for service of process or file any reports in the State or
comply with any statutory or regulatory rule or requirement applicable only to financial institutions chartered or qualified to do business in the State solely by reason of its execution and delivery or acceptance of the Mortgage/s [Deedls of Trust]
or the other Loan Documents or by reason of its participation in any of the transactions under or contemplated by the Loan Documents, including, without limitation, the making of any Loan, the making and receipt of payments pursuant thereto and the
exercise of any right or remedy under or with respect to the Mortgage/s [Deedls of Trust], and the validity and enforceability of the Mortgagels [Deedls of Trust] and the other Loan Documents will not be affected by any failure to so qualify or
file. 
 5. The [Each of the] Mortgage/s [Deedls of Trust] creates a valid mortgage [deed of trust] Lien upon
such of the Mortgaged [Trust] Property described therein (the “Real Property”) as constitutes real property under the law of the State and a valid security interest in such of the other Mortgaged [Trust] Property described therein as
constitutes “fixtures” (the “vee Property”) under the provisions of Article 9 of the Uniform Commercial Code as in effect in the State (the “Vee”), in each case in favor of the Collateral Agent for the benefit of the
Secured Parties (as defined in the Mortgages) securing the Obligations as defined in the Mortgages. The recording of the Mortgage/s [Deedls of Trust] in the office designated in Schedule I hereto [and the filing of the Financing Statements in the
offices designated in Schedule IT hereto]5 are the only filings, recordings and registrations necessary to perfect, publish notice of and preserve the Lien of and security interest in the Mortgaged [Trust] Property (including the UCC Property)
created by the Mortgage/s [Deedls of Trust] [, except that (i) continuation statements relating to the Financing Statements must be filed within [state time period], and (ii) additional filings may be necessary with respect to the UCC
Property if the Mortgagor changes its name, iden- 

	 4
	  
	 

 Alternatively, opine that the Mortgagor need not so qualify. 
 Alternatively, opine that the Mortgage is effective as a fixture filing and no separate UCCs are required in connection with perfecting a lien on fixtures. 

F-3 

 

 
  
 tity or
corporate structure or the jurisdiction in which its places of business in the State or the VCC Property are located.] 
 6. No taxes or other charges, including, without limitation, mortgage taxes, intangible taxes, documentary stamp taxes, recording taxes, transfer taxes or similar taxes or charges, are
payable to the State or to any jurisdiction therein on account of the execution, delivery, holding, ownership or performance of the Mortgage/s [Deed/s of Trust], the Security Agreement or the other Loan Documents, the creation of the indebtedness
evidenced or secured thereby, the creation of the Liens and security interests thereunder, or the filing, recording or registration of the Mortgage/s [Deed/s of Trust] or the Financing Statements, except for nominal filing or recording fees.

 7. The Liens and security interests created by the Mortgage/s [Deed/s of Trust] on or in the Mortgaged [Trust]
Property will validly secure the payment of all future advances pursuant to the Credit Agreement, whether or not at the time such advances are made an Event of Default or other event not within the control of the Lenders has relieved or may relieve
the Lenders from their obligations to make such advances, and are perfected to the extent set forth in paragraph 5 above with respect to such future advances. The priority of the Liens and security interests created by the Mortgage/s [Deed/s of
Trust] and the Security Agreement will be the same with respect to Loans made or deemed made after the date hereof as with respect to any such Loans made on the date hereof, except to the extent that any priority may be affected by any security
interest, Lien or other encumbrance imposed by law in favor of any government or governmental authority or agency. 
 8. The choice of New York law to govern the Loan Documents in which such choice is stipulated is a valid and effective choice of law under the laws of the State and adherence to existing
judicial precedents would require a court sitting in the State to abide by such choice of law. 
 9. In
connection with the remedies provided in the Mortgage!s [Deed/s of Trust]: 
 (i) The exercise at any time and in
any order of any remedies available against the VCC Property or other Collateral (as defined in the Security Agreement) located within the State, would not be affected by, nor would the exercise at any time of such remedies affect, the exercise of
any remedies relating to the Real Property, except to the extent that the fair value of such security or collateral so sold or disposed of has been appropriately applied to the payment of such Obligations, or unless the Obligations have been paid
and performed in full. 
 (li) The exercise of any remedies with respect to any security or collateral located
outside of the State securing the Obligations will not affect or limit the Agent’s ability to foreclose against, or exercise any other remedies with respect to, any Mortgaged [Trust] Property or VCC Property, either contemporaneously with, or
before or after the exercise of such remedies against other collateral located outside of the State, except to the extent that the fair value of such security or collateral so sold or disposed of has been appropriately applied to the payment of such
Obligations, or unless such Obligations have been paid and performed in full. 
 (iii) There is no “one form
of action” or similar law in the State which would limit the Secured Parties to choosing only one remedy to enforce their rights under the Mortgage/s [Deed/s of Trust] and the other Security Documents. 

F-4 

 

 
  
 10. Under
the law of the State, the local law of the State of [“location” of debtor] governs perfection by filing of the security interest granted by each Credit Party under the Security Agreement in so much of the Collateral as constitutes
“accounts,” “general intangibles,” “chattel paper,” “negotiable documents,” “goods,” “instruments” and “investment property” of such Credit Party except (i) to the extent
that Article 9 of the Uniform Commercial Code as in effect in the State of (the “[State] VCC”) does not apply thereto by reason of Section 9-104 thereof, (ii) with respect to Collateral constituting “goods” in which
such security interest is perfected by filing of a fixture filing and (iii) with respect to Collateral constituting “timber to be cut,” “as-extracted collateral” or “goods covered by a certificate oftitle.” All
terms in quotation marks in the preceding sentence are used with the meanings ascribed to them in Article 9 of the [State] UCc. 
 11. The Collateral Agent will have the power, without naming all of the Secured Parties, to exercise remedies under the Mortgage/s [Deed/s of Trust] and the Security Agreement for the
realization of the Mortgaged [Trust] Property or the Collateral (as the case may be) in its name as Collateral Agent. 
 12. Assuming that the Loan Documents are governed by the laws of the State for the purpose of rendering the opinion set forth in this paragraph, none of the provisions of the Loan
Documents (including, without limitation, the Obligations as defined in each Security Document) will violate any law, statute or regulation of the State relating to usury. 
 The opinions expressed above as to the enforceability ofthe Mortgage/s [Deed/s of Trust] and the other Loan Documents are subject to the qualification that certain of the remedial
provisions thereof may be limited by applicable law, although such limitations do not in our opinion make the remedies provided for therein inadequate for the practical realization of the benefits of the security intended to be afforded thereby.

 We are admitted to practice only in the State, and the foregoing opinions are limited to the laws of said
State and the federal laws of the United States of America. 
 Very truly yours, 

F-5 

 

 
  
 Schedule I

 Mortgage/s [Deed/s of Trust] 
 Mortgage [Deed of Trust], Assignment of Leases and Rents, Security Agreement and Fixture Filing dated as of _,2012, from the , as the mortgagor [grantor], to [ , as trustee for the benefit
of] [Deutsche Bank Trust Company Americas], as Administrative Agent and Collateral Agent, as the mortgagee [beneficiary], relating to the Mortgaged [Trust] Property known as             in
the CityITown of , County of , State of              

F-6 

 

 
  
 Schedule
II 
 Financing Statements 
 Financing Statement on form UCC-l listing as debtor and Deutsche Bank Trust Company Americas, as Administrative Agent and Collateral Agent, as secured party, relating to fixtures under the
Mortgage [Deed of Trust] described in paragraph 1 of Schedule I, to be filed in the Office of the 

            , County of , State of
            - 
 F-7 

 

 
  
 EXHIBITG

 [Fonnof] 
 INTERCOMPANY NOTE 
 New York, New York [date]

 FOR VALUE RECEIVED, each of the undersigned, to the extent a borrower from time to time from any other entity
listed on the signature page hereto (each, in such capacity, a “Payor”), hereby promises to pay on demand to such other entity listed below or its registered assigns (each, in such capacity, a “Payee” and together with each
Payor, the “Note Parties”), in lawful money of the United States of America in immediately available funds, at such location in the United States of America as a Payee shall from time to time designate, the unpaid principal amount of all
loans and advances (including trade payables) made by such Payee to such Payor. Each Payor promises also to pay interest on the unpaid principal amount of all such loans and advances in like money at said location from the date of such loans and
advances until paid at such rate per annum as shall be agreed upon from time to time by such Payor and such Payee. 
 This note (“Note”) is an Intercompany Note referred to in the Credit Agreement, dated as of Oc-tober 9,2012 (as amended, amended and restated, supplemented or otherwise modified
from time to time, the “Credit Agreement”; capitalized tenns used but not defined herein shall have the meanings given to them in the Credit Agreement), among ADS WASTE ESCROW CORP. II, a Delaware corporation, as Escrow Borrower, ADS WASTE
HOLDINGS INC., as Borrower upon the Acquisition Date, AD-V ANCED DISPOSAL WASTE HOLDINGS CORP., a Delaware corporation, as Intennediate Holdings upon the Acquisition Date, the Lenders from time to time party thereto, DEUTSCHE BANK TRUST COMPANY
AMERICAS, as Administrative Agent and as Collateral Agent and the other parties thereto, and is subject to the tenns thereof, and shall be pledged by each Payee pursuant to the Credit Agreement, to the extent required pursuant to the tenns thereof.
Each Payee hereby acknowledges and agrees that the Administrative Agent may exercise all rights provided in the Credit Agreement and the Guarantee and Collateral Agreement with respect to this Note. 

Anything in this Note to the contrary notwithstanding, the indebtedness evidenced by this Note owed by any Payor that is
the Borrower or a Guarantor to any Payee other than the Borrower shall be subordinate and junior in right of payment, to the extent and in the manner hereinafter set forth, to all Obligations of such Payor under the Credit Agreement, including,
without limitation, where applicable, under such Payor’s guarantee of the Obligations under the Credit Agreement (such Obligations and other indebtedness and obligations in connection with any renewal, refunding, restructuring or refinancing
thereof, including interest thereon accruing after the commencement of any proceedings referred to in clause (i) below, whether or not such interest is an allowed claim in such proceeding, being hereinafter collectively referred to as
“Senior Indebtedness”): 
 (i) In the event of any insolvency or bankruptcy proceedings, and any
receivership, liquidation, reorganization or other similar proceedings in connection therewith, relative to any Payor or to its creditors, as such, or to its property, and in the event of any proceedings for voluntary liquidation, dissolution or
other winding up of such Payor, whether or not involving insolvency or bankruptcy, then (x) the holders of Senior Indebtedness shall be paid in full in cash in respect of all amounts constituting Senior Indebtedness before any Payee is entitled
to receive (whether directly or indirectly), or make any demands for, any payment on account of this Note 
 G-l

 

 
  
 and
(y) until the holders of Senior Indebtedness are paid in full in cash in respect of all amounts constituting Senior Indebtedness, any payment or distribution to which such Payee would otherwise be entitled (other than debt securities of such
Payor that are subordinated, to at least the same extent as this Note, to the payment of all Senior Indebtedness then outstanding (such securities being hereinafter referred to as “Restructured Debt Securities”)) shall be made to the
holders of Senior Indebtedness; 
 (li) upon written notice given by the Administrative Agent to any Payor after
the occurrence and during the continuance of an Event of Default that the Administrative Agent and Lenders intend to exercise remedies under the Loan Documents, then no payment or distribution of any kind or character shall be made by or on behalf
of the Payor or any other Person on its behalf with respect to this Note; and 
 (iii) if any payment or
distribution of any character, whether in cash, securities or other property (other than Restructured Debt Securities), in respect of this Note shall (despite these subordination provisions) be received by any Payee in violation of clause
(i) or (ii) before all Senior Indebtedness shall have been paid in full in cash (other than contingent indemnification obligations not then due and payable), such payment or distribution shall be held in trust for the benefit of, and shall
be paid over or delivered to, the holders of Senior Indebtedness (or their representatives), ratably according to the respective aggregate amounts remaining unpaid thereon, to the extent necessary to pay all Senior Indebtedness in full in cash.

 To the fullest extent permitted by law, no present or future holder of Senior Indebtedness shall be prejudiced
in its right to enforce the subordination of this Note by any act or failure to act on the part of any Payor or by any act or failure to act on the part of such holder or any trustee or agent for such holder. Each Payee and each Payor hereby agree
that the subordination of this Note is for the benefit of the Administrative Agent, the Issuing Bank and the Lenders and the Administrative Agent, the Issuing Bank and the Lenders are obligees under this Note to the same extent as if their names
were written herein as such and the Administrative Agent may, on behalf of the itself, the Issuing Bank and the Lenders, proceed to enforce the subordination provisions herein. 
 The indebtedness evidenced by this Note owed by any Payor that is not the Borrower or a Guarantor shall not be subordinated to, and shall rank pari passu in right of payment with, any
other obligation of such Payor. 
 Nothing contained in the subordination provisions set forth above is intended
to or will impair, as between each Payor and each Payee, the obligations of such Payor, which are absolute and unconditional, to pay to such Payee the principal of and interest on this Note as and when due and payable in accordance with its terms,
or is intended to or will affect the relative rights of such Payee and other creditors of such Payor other than the holders of Senior Indebtedness. 
 Each Payee is hereby authorized to record all loans and advances made by it to any Payor (all of which shall be evidenced by this Note), and all repayments or prepayments thereof, in its
books and records, such books and records constituting prima facie evidence of the accuracy of the information contained therein. 
 Each Payor hereby waives presentment, demand, protest or notice of any kind in connection with this Note. All payments under this Note shall be made without offset, counterclaim or
deduction of any kind. 
 G-2 

 

 
  
 Upon
execution and delivery after the date hereof of a counterpart signature page hereto by the Borrower or any Subsidiary, such subsidiary shall become a Note Party hereunder with the same force and effect as if originally named as a Note Party
hereunder. The rights and obligations of each Payor hereunder shall remain in full force and effect notwithstanding the addition of any new Payor as a party to this Note. 
 THIS NOTE AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS NOTE (INCLUDING, WITHOUT LIMITATION, ANY CLAIMS SOUNDM ING IN CONTRACT LAW OR TORT LAW ARISING OUT OF THE
SUBJECT MATTER HEREOF) SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. 

G-3 

 

 
  
 ADS WASTE
HOLDINGS, INC. 
 By: 
 Name: Title: 
 [ADDITIONAL SUBSIDIARIES]

 By: 
 Name: Title: 
 G-4 

 

 
  
 EXHIBIT H

 [Form of] 
 INTEREST ELECTION REQUEST 
 Deutsche Bank Trust
Company Americas as Administrative Agent for the Lenders referred to below, 5022 Gate Parkway, Suite 200 Jacksonville, Florida 32256 Attention: Sara Pelton 
 [Date] 
 Re: ADS WASTE HOLDINGS, INC. 

Ladies and Gentlemen: 
 This futerest Election Request is delivered to you pursuant to Section 2.10 of the Credit Agreement, dated as of October 9,2012 (as amended, amended and restated, supplemented or
otherwise modified from time to time, the “Credit Agreement”), among ADS WASTE ESCROW CORP. IT, a Delaware corporation, as Escrow Borrower, ADS WASTE HOLDINGS INC., as Borrower upon the Acquisition Date, ADVANCED DISPOSAL WASTE HOLDINGS
CORP., a Delaware corporation, as futermediate Holdings upon the Acquisition Date, the Lenders from time to time party thereto, DEUTSCHE BANK TRUST COMPANY AMERICAS, as Administrative Agent and as Collateral Agent and the other parties thereto.
Capitalized terms used herein but not defined shall have the meanings given to them in the Credit Agreement. The Borrower hereby requests that on (the “Interest Election Date”), 

1. $[ ] of the presently outstanding principal amount of the [Term] [Revolving] Loans originally made on
L            J 
 2. all presently being maintained
as [ABR Loans] [Eurodollar Loans], 
 3. be [converted into][continued as] 

4. [Eurodollar Loans having an futerest Period of [[ ] daysf [one/two/tbree/six[/nine/twelve]3 months] [ABR Loans].

 Shall be a Business Day that is (a) the date hereof in the case of a conversion into ABR Borrowing to the
extent this Interest Election Request is delivered to the Administrative Agent prior to 12:00 (noon), New York City time on the date hereof, otherwise the Business Day following the date of delivery hereof, and (b) three Business Days following
the date hereof in the case of a conversion into/continuation of Eurodol-lar Borrowings to the extent this Interest Election Request is delivered to the Administrative Agent prior to 12:00 (noon), New York City time on the date hereof, otherwise the
fourth Business Day following the date of delivery hereof, in each case. 

	 2
	  
	 

 To be included if agreed to by Intermediate Holdings or the Borrower in their sole discretion. 

	 3
	  
	 

 To be included only if agreed by all relevant Lenders. 
 H-1 

 

 
  
 [Signature
Page Follows] 
 1-2 

 

 
  
 The
Borrower has caused this Interest Election Request to be executed and delivered by its duly authorized officer as of the date first written above. 
 ADS WASTE HOLDINGS, INC. 
 By: 

Name: Title: 

 

 
  
 EXHIBIT
1-1 
 [Form of] MORTGAGE 
 This instrument was prepared by the attorney described below in consultation with counsel in the State in which the Mortgaged Property is located and, when recorded, the recorded
counterparts should be returned to: 
 Athy A. O’Keeffe, Esq. Cahill Gordon & Reindel LLP 80 Pine
Street New York, New York 10005 
 MORTGAGE, ASSIGNMENT OF LEASES AND RENTS, SECURITY AGREEMENT AND FIXTURE
FILING1 
 dated as of , 2012 
 by 
 the Mortgagor, 

to 
 DEUTSCHE BANK TRUST COMPANY AMERICAS 
 as
Administrative Agent and Collateral Agent for the Lenders, 
 the Mortgagee 

Property: [1 
 THIS INSTRUMENT CONTAINS AFTER-ACQUIRED PROPERTY PROVISIONS AND SECURES OBLIGATIONS CONTAINING PROVISIONS FOR CHANGES IN INTEREST RATES. THIS INSTRUMENT ALSO SECURES FUTURE ADVANCES.

	 1
	  
	 Local counsel to conform cover to local law requirements. 

1-1-1 

 

 
  
 TABLE OF
CONTENTS 
 Page 
 ARTICLE 1 
 DEFINITIONS AND INTERPRETATIONS

 Section 1.01. Definitions 8 
 Section 1.02. Interpretation 10 

Section 1.03. Resolution of Drafting Ambiguities 11 

ARTICLE 2 
 CERTAIN REPRESENTATIONS, WARRANTIES AND COVENANTS 

Section 2.01. Title, Authority and Effectiveness 11 

Section 2.02. Impositions. 12 
 Section 2.03. Legal and Insurance Requirements 12 
 Section 2.04. Status and Care of the Property , 13 
 Section 2.05. Liens. 13 
 Section 2.06.
Transfers 13 
 Section 2.07. Credit Agreement 13 

INSURANCE, CASUALTY AND CONDEMNATION 
 Section 3.01. Insurance 14 

Section 3.02. Casualty 14 
 Section 3.03. Insurance Claims and Proceeds 14 

Section 3.04. Condemnation 14 
 Section 3.05. Condemnation Awards 15 
 ARTICLE
4 
 CERTAIN OBLIGATIONS 
 Section 4.01. Revolving Loans 15 

Section 4.02. Right to Perform Obligations 15 

Section 4.03. Changes in the Laws Regarding Taxation 15 

Section 4.04. Indemnification 16 
 Section 4.05. Title 16 
 ARTICLE 5 

DEFAULTS, REMEDIES AND RIGHTS 
 Section 5.01. Events of Default 17 

Section 5.02. Remedies. 17 
 Section 5.03. Waivers by the Mortgagor 20 

Section 5.04. Jurisdiction; Process and Waiver of Jury Trial 20 

Section 5,05. Sales 21 
 Section 5.06. Proceeds 22 
 Section 5.07,
Assignment of Leases 23 
 Section 5,08. Dealing with the Mortgaged Property 24 

Section 5.09. Information and Right of Entry 24 

ARTICLE 6 
 SECURITY AGREEMENT AND FIXTURE FILING 

Section 6.01. Security Agreement , 24 
 Section 6.02. Fixture Filing 25 
 ARTICLE 7

 MISCELLANEOUS 
 Section 7.01. Concerning the Mortgagee 26 

Section 7.02. Release of Mortgaged Property 27 

1-1-2 

 

 
  

Section 7.03. Notices 27 
 Section 7.04. Amendments in Writing 27 

Section 7.05. Severability 27 
 Section 7.06. Binding Effect 28 

Section 7.07. Governing Law 28 
 Section 7.08. Local Law Provisions 28 

Section 7.09. Multisite Real Estate Transaction 28 

Exhibit A — Description of the Land Exhibit B — Permitted Encumbrances 

Appendix — Local Law Provisions 
 1-1-3 

 

 
  
 THIS
MORTGAGE, ASSIGNMENT OF LEASES AND RENTS, SECURITY AGREEMENT 
 AND FIXTURE FILING (the “Mortgage”) is
dated as of , 2012 by , a 
 (the “Mortgagor”), having an address at c/o ADS Waste Holdings, Inc., 7915
Bay-meadows Way, Suite 400, Jacksonville, Florida 32256, Attention: Steven R. Cam, Chief Financial Officer, with a copy to ADS Waste Holdings, Inc., 7915 Baymeadows Way, Suite 400, Jacksonville, Florida 32256, Attention: Scott E. Friedlander, to
DEUTSCHE BANK TRUST COMPANY AMERICAS, as administrative agent and collateral agent for itself and the other Lenders (hereinafter defined) (the “Mortgagee”), having an address at 60 Wall Street, New York, NY 10005. 

WITNESSETH: 
 Credit Agreement. Reference is hereby made to the Credit Agreement, dated as of October 9, 2012 (the “Credit Agreement”), among ADS WASTE HOLDINGS, INC., a Delaware
corporation (the “Escrow Borrower”) (which on the Acquisition Date (as defined below) shall be merged with and into ADS WASTE HOLDINGS, INC., a Delaware corporation (“ADS”)), upon the effectiveness of the Joinder Agreement (as
defined below), ADVANCED DISPOSAL WASTE HOLDINGS CORP., a Delaware corporation (“ADS Holdings” and, upon the effectiveness of the Joinder Agreement, “Intermediate Holdings”), the Lenders (such term and each other capitalized term
used but not defined in this introductory statement having the meaning given it in Article I of this Mortgage), and DEUTSCHE BANK TRUST COMPANY AMERICAS, as administrative agent (in such capacity, including any successor thereto, the
“Administrative Agent”) and as collateral agent (in such capacity, including any successor thereto, the “Collateral Agent”) for the Lenders. Pursuant to the Credit Agreement, the Lenders have extended and/or may from time to time
extend Loans to the Borrowers. Pursuant to the Credit Agreement, the Issuing Bank may also from time to time issue Letters of Credit for the account of the Borrowers. As contemplated by the Credit Agreement, the Loan Parties may also become
obligated to one or more of the Lenders by entering into Hedging Agreements. 
 Guaranty. Pursuant to the
Guarantee and Collateral Agreement dated as of October 9, 2012 (the “Guarantee and Collateral Agreement”) among the Borrower, the Mortgagor, the other Subsidiary Guarantors that are parties thereto and the Agent, the Mortgagor has
unconditionally guaranteed, subject to the limitations set forth therein, the full and punctual payment and performance of all obligations of the other Loan Parties now or hereafter existing under or in respect of the Loan Documents, whether for
principal, interest, fees, expenses, indemnification or otherwise. 
 Mortgage. The lien of this Mortgage is
being granted to secure payment, performance and observance of the Obligations and upon the foreclosure or other enforcement of this Mortgage, the net proceeds of the Mortgaged Property are to be received by or paid over to the Mortgagee and applied
as provided herein. 
 [The maximum principal indebtedness that may be secured by this Mortgage is
[$2,100,000,000.00] [(the “Secured Loan Amount”)]2. The scheduled maturity date of the latest to mature of the Obligations is October 9, 2019].]3 
 [Insert value of property or allocated loan amount in mortgage tax locations.] 
 [Local counsel: please confirm if maximum principal amount or outside maturity date is required to be stated.] 
 1-1-4 

 

 
  
 GRANTING
CLAUSES 
 NOW, THEREFORE, in consideration of the premises and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, for the purpose of securing the due and punctual payment, performance and observance of the Obligations and intending to be bound hereby, the Mortgagor does hereby GRANT, BARGAIN, SELL,
CONVEY, MORTGAGE, ASSIGN, TRANSFER and WARRANT to the Mortgagee for the benefit of the Secured Parties, with power of sale and right of entry as hereinafter provided, and (to the extent covered by the UCC) does hereby GRANT AND WARRANT to the
Mortgagee a continuing security interest in and to all of the property and rights described in the following Granting Clauses (all of which property and rights are collectively called the “Mortgaged Property”), to wit: 

I. GRANTING CLAUSE 
 Land. All estate, right, title and interest of the Mortgagor in, to, under or derived from: the lots, 
 pieces, tracts or parcels of land located in County, , more particularly described in 
 Exhibit A (the “Land”). 
 II. GRANTING
CLAUSE 
 Improvements. All estate, right, title and interest of the Mortgagor in, to, under or derived from: all
buildings, structures, facilities and other improvements of every kind and description now or hereafter located on or attached to the Land, including all parking areas, roads, driveways, walks, fences, walls, berms, recreation facilities, drainage
facilities, lighting facilities and other site improvements; all water, sanitary and storm sewer, drainage, electricity, steam, gas, telephone, telecommunications and other utility equipment and facilities; all plumbing, lighting, heating,
ventilating, air-conditioning, refrigerating, incinerating, compacting, fire protection and sprinkler, surveillance and security, vacuum cleaning, public address, communications and telecommunications equipment and systems; all screens, awnings,
floor coverings, partitions, elevators, escalators, motors, electrical, computer and other wiring, machinery, pipes, fittings and racking and shelving; and all other items of fixtures, equipment and personal property of every kind and description,
in each case now or hereafter located on the Land or affixed (actually or constructively) to the buildings and other improvements located on the Land which by the nature of their location thereon or affixation thereto are real property under
applicable law; and including all materials intended for the construction, reconstruction, repair, replacement, alteration, addition or improvement of or to such buildings, equipment, fixtures, structures and improvements, all of which materials
shall be deemed to be part of the Mortgaged Property immediately upon delivery thereof on the Land and to be part of the improvements immediately upon their incorporation therein (the foregoing being collectively called the
“Improvements”). 
 III. GRANTING CLAUSE 

Equipment. All estate, right, title and interest of the Mortgagor in, to, under or derived from: all equipment, fixtures,
chattels and articles of personal property owned by the Mortgagor or in which the Mortgagor has or shall acquire an interest, wherever situated, and now or hereafter located on, or in, or affixed (actually or constructively) to, the Land or the
Improvements, whether or not affixed thereto and which are not real property under applicable law, including all partitions, shades, blinds, curtains, draperies, carpets, rugs, furniture and furnishings; all radio and cable antennae and systems,
satellite dishes and systems, audio and video systems, equipment and facilities; all heating, lighting, plumbing, ventilating, air conditioning, refrigerating, gas, steam, electrical, incinerating and compacting plants, systems, fixtures and
equipment; all elevators, stoves, ranges, other kitchen and laundry appliances, vacuum and other cleaning systems, call systems, switchboards, sprinkler systems and other fire prevention, alarm and ex- 

1-1-5 

 

 
  

tinguishing apparatus and materials; and all motors, machinery, pipes, conduits, dynamos, engines, compressors,
generators, boilers, stokers, furnaces, pumps, trunks, ducts, appliances, equipment, utensils, tools, implements, fittings and fixtures, and including any of the foregoing that is temporarily removed from the Land or Improvements to be repaired and
later reinstalled thereon or therein (the foregoing being collectively called the “Equipment”; and the Land with the Improvements thereon and the Equipment therein being collectively called the “Property”). 

IV. GRANTING CLAUSE 
 Appurtenant Rights. All estate, right, title and interest of the Mortgagor in, to, under or derived from: all tenements, hereditaments and appurtenances now or hereafter relating to the
Property; the streets, roads, sidewalks and alleys abutting the Property; all strips and gores within or adjoining the Land; all land in the bed of any body of water adjacent to the Land; all land adjoining the Land created by artificial means or by
accretion; all air space and rights to use air space above the Land; all development or similar rights now or hereafter appurtenant to the Land; all rights of ingress and egress now or hereafter appertaining to the Property; all easements,
servitudes, privileges and rights of way now or hereafter appertaining to the Property; and all royalties and other rights now or hereafter appertaining to the use and enjoyment of the Property, including alley, party walls, support, drainage, crop,
timber, agricultural, horticultural, oil, gas and other mineral, water stock, riparian and other water rights now or hereafter appertaining to the use and enjoyment of the Property. 

V. GRANTING CLAUSE 
 Agreements. All estate, right, title and interest of the Mortgagor in, to, under or derived from: all Insurance Policies (including all unearned premiums and dividends thereunder) and
other policies of insurance maintained by the Borrower (for the benefit of Mortgagor) or Mortgagor with respect to the Property (even if not required to be maintained hereunder); all guarantees and warranties relating to the Property and all supply
and service contracts for water, sanitary and storm sewer, drainage, electricity, steam, gas, telephone and other utilities now or hereafter relating to the Property and all other contracts and agreements affecting or relating to the use, enjoyment
or occupancy of the Property. 
 VI. GRANTING CLAUSE 

Leases. All estate, right, title and interest of the Mortgagor in, to, under or derived from: all Leases now or hereafter
in effect, whether or not of record, for the use or occupancy of all or any part of the Property. 
 VII.
GRANTING CLAUSE 
 Rents, Issues and Profits. All estate, right, title and interest of the Mortgagor in, to,
under or derived from: all rents, royalties, issues, profits, receipts, revenue, income and other benefits now or hereafter accruing with respect to the Property, including all rents and other sums now or hereafter payable pursuant to the Leases;
all other sums now or hereafter payable with respect to the use, occupancy, management, operation or control of the Property; and all other claims, rights and remedies now or hereafter belonging or accruing with respect to the Property, including
fixed, additional and percentage rents, occupancy charges, security deposits, parking, maintenance, common area, tax, insurance, utility and service charges and contributions (whether collected under the Leases or otherwise), proceeds of sale of
electricity, gas, heating, air conditioning and other utilities and services (whether collected under the Leases or otherwise), and deficiency rents and liquidated damages following default or cancellation (the foregoing rents and other sums
described in this Granting Clause being collectively called the “Rents”), all of which 
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 the
Mortgagor hereby irrevocably directs be paid to the Mortgagee, subject to the license granted to the Mortgagor pursuant to Section 5.07(b). to be held, applied and disbursed as provided in this Mortgage. 

VIII. GRANTING CLAUSE 
 Permits. All estate, right, title and interest of the Mortgagor in, to, under or derived from all licenses, authorizations, certificates, variances, consents, approvals and other permits
now or hereafter appertaining to the Property (the foregoing being collectively called the “Permits”). 

DC. GRANTING CLAUSE 
 Books and Records. All estate, right, title and interest of the Mortgagor in, to, under or derived from all books and records, including tenant files, credit files, customer files,
computer printouts, files, programs and other computer and electronic materials and records, now or hereafter relating to the Property. 
 X. GRANTING CLAUSE 
 Intangible Property. All
estate, right, title and interest of the Mortgagor in, to, under or derived from the Property and other intangible property not described in the foregoing Granting Clauses now or hereafter relating to the use and operation of the Property as a going
concern. 
 XI. GRANTING CLAUSE 
 Deposits, Proceeds and Awards. All estate, right, title and interest of the Mortgagor in, to, tinder or derived from all amounts deposited with the Mortgagee under the Loan Documents with
respect to the Property, including all Net Cash Proceeds, Awards and title net cash proceeds under any title insurance policy now or hereafter held by the Mortgagor, proceeds of any Transfer, financing, refinancing or conversion into cash or
liquidated claims, whether voluntary or involuntary, of any of the Mortgaged Property; and all rights, dividends and other claims of any kind whatsoever (including damage, secured, unsecured, priority and bankruptcy claims) now or hereafter relating
to any of the Mortgaged Property, all of which the Mortgagor hereby irrevocably directs be paid to the Mortgagee to the extent provided hereun-der, to be held, applied and disbursed as provided in this Mortgage. 

XII. GRANTING CLAUSE 
 Additional Property. All greater, additional or other estate, right, tide and interest of the Mortgagor in, to, under or derived from the Mortgaged Property hereafter acquired by the
Mortgagor, including all right, title and interest of the Mortgagor in, to, under or derived from all extensions, improvements, betterments, renewals, substitutions and replacements of, and additions and appurtenances to, any of the Mortgaged
Property hereafter acquired by or released to the Mortgagor or constructed or located on, or attached to, the Property, in each case, immediately upon such acquisition, release, construction, location or attachment; all estate, right, title and
interest of the Mortgagor in, to, under or derived from any other property and rights which are, by the provisions of the Security Documents, required to be subjected to the lien hereof; all estate, right, title and interest of the Mortgagor in, to,
under or derived from any other property and rights which are necessary to maintain the Property and the Mortgagor’s business or operations conducted therein as a going concern in each case, to the fullest extent permitted by law, without any
further conveyance, mortgage, assignment or other act by the Mortgagor; and all estate, right, title and interest of the Mortgagor in, to, under or derived from all other property and rights which are by any instrument or otherwise subjected to the
lien hereof by the Mortgagor. 
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 EXCLUDING,
however, from the foregoing grants, the Excluded Assets (as defined in the Guarantee and Collateral Agreement). 

TO HAVE AND TO HOLD the Mortgaged Property, together with all estate, right, title and interest of the Mortgagor and
anyone claiming by, through or under the Mortgagor in, to, under or derived from the Mortgaged Property and all rights and appurtenances relating thereto, to the Mortgagee and its successors and assigns, forever for the benefit of the Secured
Parties for the purpose of securing the payment and performance in full of all the Obligations. 
 PROVIDED
ALWAYS that this Mortgage is upon the express condition that the Mortgaged Property shall be released from the hen of this Mortgage in full or in part in the manner and at the time provided in Section 7.02. 

THE MORTGAGOR ADDITIONALLY COVENANTS AND AGREES WITH THE MORTGAGEE AS FOLLOWS: 

ARTICLE 1 Definitions and Interpretations 
 Section 1.01. Definitions. 
 (a) Capitalized
terms used in this Mortgage, but not otherwise defined herein, are defined in, or are defined by reference in, the Credit Agreement, and if not defined therein, then in the Guarantee and Collateral Agreement, and have the same meanings herein as
therein. 
 (b) In addition, as used herein, the following terms have the following meanings: “Collateral
Agent” is defined in the Recitals. 
 “Bankruptcy Code” means the Bankruptcy Code of 1978, as
amended. 
 “Borrower” shall be deemed to mean, prior to the Acquisition Date, the Escrow Borrower and,
on and after the Acquisition Date, ADS. 
 “Casualty” means any damage to, or destruction of, the
Property by reason of fire or any other cause or event. 
 “Condemnation” means any condemnation or
other taking or temporary or permanent requisition of the Property, any interest therein or right appurtenant thereto, or any change of grade affecting the Property, as the result of the exercise of any right of condemnation or eminent domain. A
Transfer to a governmental authority in lieu or anticipation of Condemnation shall be deemed to be a Condemnation. 
 “Credit Agreement” is defined in the Recitals. 
 “Equipment” is defined in Granting Clause IE. 
 “Guarantee and Collateral Agreement” is defined in the Recitals. 
 “Impositions” means all taxes (including real estate taxes and transfer taxes), assessments (including all assessments for public improvements or benefits, whether or not
commenced or completed prior to the date hereof), gas, electricity, steam, water, sewer or other rents, rates and charges, excises, levies, license fees, permit fees, inspection fees and other authorization fees and other charges, in each

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 case
whether general or special, ordinary or extraordinary, foreseen or unforeseen, of every character (including all interest and penalties thereon), which at any time may be assessed, levied, confirmed or imposed on or in respect of, or be a Lien upon,
(i) the Property, any other Mortgaged Property or any interest therein, (ii) any occupancy, use or possession of, or activity conducted on, the Property, (iii) the Rents, or (iv) the Obligations or the Security Documents, but
excluding income, excess profits, franchise, capital stock, estate, inheritance, succession, gift or similar taxes of the Mortgagor or any Secured Party, except to the extent that such taxes of the Mortgagor or any Secured Party are imposed in whole
or in part in lieu of, or as a substitute for, any taxes which are or would otherwise be Impositions. 

“Improvements” is defined in Granting Clause II. 

“Insurance Policies” means the insurance policies and coverages required to be maintained by the Mortgagor with
respect to the Property pursuant to Section 3.01. 
 “Insurance Premiums” means all premiums
payable under the Insurance Policies. 
 “Insurance Requirements” means all provisions of the Insurance
Policies, all requirements of the issuer of any of the Insurance Policies and all orders, rules, regulations and any other requirements of the National Board of Fire Underwriters (or any other body exercising similar functions) applicable to the
Property, any adjoining vaults, sidewalks, parking areas or driveways, or any use or condition thereof. 

“Land” is defined in Granting Clause I. 
 “Lease” means each lease, sublease, tenancy, subtenancy, license, franchise, concession or other occupancy agreement relating to the Property, together with any guarantee of the
obligations of the tenant thereunder or any right to possession under the Bankruptcy Code or any other applicable law in the event of the rejection of any Lease by the landlord or its trustee pursuant to said Code or said applicable law. 

“Legal Requirements” means all provisions of Permits and applicable laws (including Environmental Laws),
statutes, codes, acts, ordinances, orders, judgments, decrees, injunctions, rules, regulations, directions and requirements of, and agreements with, governmental bodies, agencies or officials, now or hereafter applicable to the Property, or any use
or condition thereof. 
 “Lenders” is defined in the Recitals. 

“Mortgage” is defined in the Preamble. 
 “Mortgaged Property” is defined in the Granting Clauses. 
 “Mortgagee” is defined in the Preamble. 

“Mortgagor” is defined in the Preamble. 
 “Obligations” is defined in the Guarantee and Collateral Agreement. 
 “Permits” is defined in Granting Clause VIII. 
 “Permitted Contest” means a contest permitted by and in accordance with Section 5.04, 6.01(c) or £d} of the Credit Agreement. 

“Permitted Encumbrances” means the Liens described in Exhibit B. 

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“Permitted Collateral Liens” is defined in the Credit Agreement, 

“Post-Default Rate” means, for any day, the applicable rate provided in Section 2.07 of the 

Credit Agreement. 
 “Proceeds” is defined in the Guarantee and Collateral Agreement. 
 “Property” is defined in Granting Clause HI. 
 “Receiver” is defined in Section 5.02(a)(iv”). 
 “Rents” is defined in Granting Clause VII. 
 “Restore” means to restore, repair, replace or rebuild the Property after a Casualty or Condemnation, in each case as nearly as possible to a value, utility and condition
existing immediately prior to such Casualty or Condemnation. 
 [“Secured Loan Amount” is defined in
the Recitals.] 
 “Secured Parties” is defined in the Guarantee and Collateral Agreement. 

“Security Deposit” means any payment, note, letter of credit or other security or deposit made or given by or on
behalf of a tenant under a Lease as security for the performance of its obligations thereunder, and any interest accrued thereon. 
 “Transfer” means, when used as a noun, any sale, transfer, lease, or other disposition and, when used as a verb, to sell, transfer, assign, lease, or otherwise dispose of, in
each case (i) whether voluntary or involuntary, (ii) whether direct or indirect and (iii) including any agreement providing for a Transfer or granting any right or option providing for a Transfer. 

“UCC” means the Uniform Commercial Code as in effect in the State in which the Mortgaged Property is located,
provided that if by reason of mandatory provisions of law, the perfection or the effect of perfection or non-perfection or the priority of any Transaction Lien in any Collateral is governed by the Uniform Commercial Code as in effect in a
jurisdiction other than the State in which the Mortgaged Property is located, “Uniform Commercial Code” means the Uniform Commercial Code as in effect in such other jurisdiction for purposes of the provisions hereof relating to such
perfection, effect of perfection or non-perfection or priority. 
 (c) In this Mortgage, unless otherwise
specified, references to this Mortgage, the Credit Agreement, Notes, Guarantee and Collateral Agreement, Loan Documents, Security Documents, and Letters of Credit include all amendments, supplements, consolidations, replacements, restatements,
extensions, renewals and other modifications thereof, in whole or in part. 
 Section 1.02. Interpretation.
In this Mortgage, unless otherwise specified: (a) singular words include the plural and plural words include the singular; (b) words which include a number of constituent parts, things or elements, including the terms Leases, Improvements,
Land, Obligations, Property and Mortgaged Property, shall be construed as referring separately to each constituent part, thing or element thereof, as well as to all of such constituent parts, things or elements as a whole; (c) words importing
any gender include the other genders; (d) references to any Person include such Person’s successors and assigns and in the case of an individual, the word “successors” includes such Person’s heirs, devisees, legatees,
executors, administrators and personal representatives; (e) references to any statute or other law in- 

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 elude all
applicable rules, regulations and orders adopted or made thereunder and all statutes or other laws amending, consolidating or replacing the statute or law referred to; (f) the words “consent,” “approve,” “agree”
and “request,” and derivations thereof or words of similar import, mean the prior written consent, approval, agreement or request of the Person in question; (g) the words “include” and “including,” and words of
similar import, shall be deemed to be followed by the words “without limitation”; (h) the words “hereto,” “herein,” “hereof and “hereunder,” and words of similar import, refer to this Mortgage in its
entirety; (i) references to Articles, Sections, Schedules, Exhibits, subsections, paragraphs and clauses are to the Articles, Sections, Schedules, Exhibits, subsections, paragraphs and clauses of this Mortgage; (j) “the Schedules and
Exhibits to this Mortgage are incorporated herein by reference; (k) the titles and headings of Articles, Sections, Schedules, Exhibits, subsections, paragraphs and clauses are inserted as a matter of convenience and shall not affect the
construction of this Mortgage; (1) all obligations of the Mortgagor hereunder shall be satisfied by the Mortgagor at the Mortgagor’s sole cost and expense; and (m) all rights and powers granted to the Mortgagee hereunder shall be
deemed to be coupled with an interest and be irrevocable. 
 Section 1.03. Resolution of Drafting
Ambiguities. The Mortgagor acknowledges that it was represented by counsel in connection with this Mortgage, that it and its counsel reviewed and participated in the preparation and negotiation of this Mortgage and that any rule of construction to
the effect that ambiguities are to be resolved against the drafting party or the Mortgagee shall not be employed in the interpretation of this Mortgage. 
 ARTICLE 2 Certain Representations, Warranties and Covenants 
 Section 2.01. Title, Authority and Effectiveness. 
 The Mortgagor represents and warrants that (i) the Mortgagor has good and marketable title to the fee simple interest in the Land and the Improvements, free and clear of all Liens
other than the Permitted Encumbrances; (ii) the Mortgagor is the owner of, or has a valid leasehold interest in, the Equipment and all other items constituting the Mortgaged Property, in each case free and clear of all Liens other than the
Permitted Collateral Liens; (iii) the Permitted Encumbrances do not materially interfere with the use, enjoyment or operation of the Mortgaged Property or materially and adversely affect the value thereof; (iv) the Improvements located on
the Land do not materially interfere with any of the Permitted Encumbrances; (v) the execution, delivery and performance by the Mortgagor of this Mortgage are within the Mortgagor’s [corporate] power, have been duly authorized by all
necessary [corporate and, if required, stockholder] action, require no consent or approval of, registration or filing with, or other action by, any governmental authority (except for the recording or filing of this Mortgage and UCC financing
statements) and do not violate any applicable law or regulation or the charter, bylaws or other organizational documents of the Mortgagor or any order of any governmental authority, will not violate or result in a default under any indenture,
agreement or other instrument binding upon the Mortgagor or its assets, or give rise to a right thereunder to require any payment to be made by the Mortgagor, and will not result in the creation or imposition of any Lien on any asset of the
Mortgagor (other than the lien of this Mortgage on the Mortgaged Property); and (vi) this Mortgage constitutes a valid, binding and enforceable agreement of the Mortgagor, enforceable in accordance with its terms, except as the enforceability
thereof may be limited by bankruptcy, insolvency, reorganization or moratorium or other similar laws relating to the enforcement of creditors’ rights generally and by general equitable principles. 

The Mortgagor shall cause the warranties in subsection (a) of this Section to be true and correct in each and every
respect; and forever preserve, protect, warrant and defend (i) its estate, right, title and interest in and to the Mortgaged Property and (ii) the validity, enforceability and priority of 

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 the lien
of this Mortgage on the Mortgaged Property, in each case, against all other Liens and claims whatsoever, subject only to the Permitted Collateral Liens. 
 The Mortgagor, at its sole cost and expense, shall upon the request of the Mortgagee, (i) promptly correct any defect or error which may be discovered in this Mortgage or any
financing statement or other document relating hereto; and (ii) promptly execute, acknowledge, deliver, record and re-record, register and re-register, and file and re-file this Mortgage and any financing statements or other documents which the
Mortgagee may require from time to time (all in form and substance reasonably satisfactory to the Mortgagee) in order to effectuate, complete, perfect, continue or preserve (A) the lien of this Mortgage as a first lien on the Mortgaged
Property, whether now owned or hereafter acquired, subject only to the Permitted Collateral Liens, or (B) any right, power or privilege granted or intended to be granted to the Mortgagee hereunder or otherwise accomplish the purposes of this
Mortgage. To the fullest extent permitted by applicable law, the Mortgagor hereby authorizes the Mortgagee to file financing statements or continuation statements. The Mortgagor shall pay on demand the costs of, or incidental to, any recording or
filing of any financing or continuation statement, or amendment thereto, concerning the Mortgaged Property. 

Upon the recording of this Mortgage in the appropriate county recording offices, the lien of this Mortgage in the
Mortgaged Property constituting real property and fixtures granted hereby shall be a perfected first Lien on such Mortgaged Property (including fixtures) prior to all Liens on and security interests in such Property other than the Permitted
Collateral Liens. 
 Nothing herein shall be construed to subordinate the lien of this Mortgage to any Permitted
Collateral Lien to which the lien of this Mortgage is not otherwise subordinate. 
 Section 2.02.
Impositions. The Mortgagor shall (a) duly and punctually pay all Impositions before any penalty or fine accrues thereon other than Impositions that are the subject of a Permitted Contest; (b) duly and punctually file all returns and other
statements required to be filed with respect to any Imposition prior to the due date thereof; (c) promptly notify the Mortgagee of the receipt by the Mortgagor of any notice of default in the payment of any Imposition or in the filing of any
return or other statement relating to any Imposition and simultaneously furnish to the Mortgagee a copy of such notice of default; and (d) not make any deduction from or claim any credit on any Obligation by reason of any Imposition and, to the
extent permitted under applicable law, hereby irrevocably waives any right to do so. 
 Section 2.03. Legal
and Insurance Requirements. 
 The Mortgagor represents and warrants that (i) as of the date hereof, the
Property and the use and operation thereof comply in all material respects with all Legal Requirements and Insurance Requirements; (ii) there is no material default under any Legal Requirement or Insurance Requirement; and (iii) the
execution, delivery and performance of this Mortgage will not contravene any provision of or constitute a default under any Legal Requirement or Insurance Requirement. 
 The Mortgagor shall (i) duly and punctually comply in all material respects with all Legal Requirements and Insurance Requirements other than any Legal Requirement or Insurance
Requirement that is the subject of a Permitted Contest; (ii) procure, maintain and duly and punctually comply with all Permits required for the Property other than any Permit that is the subject of a Permitted Contest; (iii) promptly
notify the Mortgagee of the receipt by the Mortgagor of any notice of material default regarding any Legal Requirement or Insurance Requirement or any possible or actual termination of any Permit or Insurance Policy and furnish to the Mortgagee a
copy of such notice of default or termination except terminations not having a material adverse effect on the use or operation of the Property as then 
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 conducted;
and (iv) upon request, promptly furnish to the Mortgagee a copy of any material Permit obtained by the Mortgagor with respect to the Property after the date hereof. 
 Section 2.04. Status and Care of the Property. 

The Mortgagor represents and warrants that (i) the Property is served by all necessary water, sanitary and storm
sewer, drainage, electric, steam, gas, telephone and other utility facilities, which facilities have capabilities sufficient to serve the current use and operation of the Property; and (ii) the Property has legal access to all streets or roads
necessary for the use and operation of the Property, including as appropriate access over properly granted, perpetual, private easements, rights of way or servitudes that are specifically included in the Mortgaged Property. 

The Mortgagor shall (i) use and operate the Property, or cause the same to be used and operated, for substantially
the same uses and purposes as they are used and operated as of the date hereof; (ii) maintain the Property as required by Section 5.06 of the Credit Agreement; and (iii) not initiate or affirmatively support any change in the
applicable zoning adversely affecting the Property, seek any variance (or any change in any variance) under the zoning adversely affecting the Property, execute or file any subdivision or other plat or map adversely affecting the Property or consent
to any of the foregoing. 
 The Mortgagor represents and warrants that prior to the date hereof, the Mortgagor
has delivered to the Mortgagee a completed “Life-of Loan” Federal Emergency Management Agency Standard Flood Hazard Determination (together with notices about special flood hazard area status and flood disaster assistance relating thereto,
duly executed by [the Borrower]4 and the Mortgagor) with respect to each portion of the Mortgaged Property. 

Section 2.05. Liens, The Mortgagor shall not create or permit to be created or to remain, and, subject to Permitted
Contests, shall immediately discharge or cause to be discharged, any Lien on the Mortgaged Property or any interest therein, in each case (a) whether voluntarily or involuntarily created, (b) whether directly or indirectly a Lien thereon
and (c) whether or not subordinated hereto, except Permitted Collateral Liens. The provisions of this Section shall apply to each and every Lien (other than Permitted Collateral Liens) on the Mortgaged Property or any interest therein,
regardless of whether or not a consent to, or waiver of a right to consent to, any other Lien thereon has been previously obtained in accordance with the terms of the Loan Documents. Nothing herein shall obligate the Mortgagor to remove any inchoate
statutory Lien in respect of obligations not yet due and payable. 
 Section 2.06. Transfers. The Mortgagor
shall not Transfer, or suffer any Transfer of, the Mortgaged Property or any part thereof or interest therein, except as permitted or contemplated by the Credit Agreement. The provisions of this Section shall apply to each and every Transfer of the
Mortgaged Property or any interest therein, regardless of whether or not a consent to, or waiver of a right to consent to, any other Transfer thereof has been previously obtained in accordance with the provisions of the Loan Documents. 

Section 2.07. Credit Agreement. This Mortgage is given pursuant to the Credit Agreement. The Mortgagor expressly
covenants and agrees to pay when due, and to timely perform, and to cause the other Loan Parties to pay when due, and to timely perform, the Obligations in accordance with the terms of the Loan Documents, subject to any applicable grace and cure
periods. The Mortgagor represents, warrants, covenants and agrees that each of the representations, warranties, covenants and other agree- 

	 4
	  
	 INCLUDE ONLY IF THE MORTGAGOR IS NOT THE BORROWER. 

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 ments of
the Mortgagor (as a Loan Party) under and as contained in the Credit Agreement are hereby incorporated herein in their entirety by this reference. 
 ARTICLE 3 Insurance, Casualty and Condemnation 

Section 3.01. Insurance. 
 The Mortgagor shall maintain in full force and effect Insurance Policies with respect to the Property as required by, and otherwise comply with, Section 5.07 of the Credit Agreement.

 If any portion of the Mortgaged Property is at any time located in an area identified by the Federal Emergency
Management Agency (or any successor agency) as a Special Flood Hazard Area with respect to which flood insurance has been made available under the National Flood Insurance Act of 1968 (as now or hereafter in effect or successor act thereto), then
the Mortgagor shall maintain, or cause to be maintained, with a financially sounds and reputable insurer, (i) flood insurance in amounts and otherwise sufficient to comply with all applicable rules and regulations promulgated pursuant to the
Hood Insurance Laws and (ii) delivery to the Mortgagee evidence of such compliance in form and substance reasonably acceptable to the Mortgagee. 
 Section 3.02. Casualty. 
 The Mortgagor
represents and warrants that, as of the date hereof, there is no material Casualty affecting the Property. 
 In
the event of any material Casualty, the Mortgagor shall (i) promptly give notice thereof to the Mortgagee, (ii) immediately take such action as may be necessary or appropriate to preserve the undamaged portion of such Property and to
protect against personal injury or property damage, and (iii) Restore the Property to the extent required by the Credit Agreement. 
 Section 3.03. Insurance Claims and Proceeds. Subject to the terms of the Credit Agreement, Mortgagor (a) assigns to Mortgagee all proceeds of any insurance policies insuring
against loss or damage to the Mortgaged Property and (b) upon the occurrence and during the continuance of an Event of Default, authorizes Mortgagee to collect and receive such proceeds and authorizes and directs the issuer of each of such
insurance policies to make payment for all such losses directly to Mortgagee, instead of to Mortgagor and Mortgagee jointly. All Net Cash Proceeds with respect to any Casualty shall be held, applied and disbursed as required by the Credit Agreement.

 Section 3.04. Condemnation. 
 The Mortgagor represents and warrants that, as of the date hereof, (i) except for as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse
Effect, there is no Condemnation affecting the Property, and (ii) to the knowledge of Mortgagor, there are no negotiations or proceedings which might result in such a Condemnation. 

In the event of any Condemnation or the commencement of any negotiation or proceeding which might result in a
Condemnation, except for as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, the Mortgagor shall promptly after receiving notice or obtaining knowledge thereof give notice thereof to the
Mortgagee. 
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Section 3.05. Condemnation Awards. Mortgagor assigns all Net Cash Proceeds resulting from a Condemnation to Mortgagee
and, upon the occurrence and during the continuance of an Event of Default, authorizes Mortgagee to collect and receive such Net Cash Proceeds and to give proper receipts and acquittances therefor, subject to the terms of the Credit Agreement. All
Net Cash Proceeds with respect to such Condemnation shall be held, applied and disbursed as required by the Credit Agreement. 
 ARTICLE 4 
 Certain Obligations 

Section 4.01. Revolving Loans. The Obligations secured by this Mortgage include Revolving Loans made, and
reimbursement obligations relating to Letters of Credit issued, under the Credit Agreement [in the maximum principal or face amount of $]5 which are advanced, paid and readvanced from time to time. Notwithstanding the amount outstanding at any
particular time, this Mortgage secures the total amount of Obligations [up to the Secured Loan Amount], The unpaid balance of the Revolving Loans and the unpaid balance of the reimbursement obligations may at certain times be, or be reduced to,
zero. A zero balance, by itself, does not affect any Lender’s obligations to issue Letters of Credit or to advance Revolving Loans, or to make payments upon draws under Letters of Credit, all of which are obligatory subject to the conditions
stated in the Credit Agreement. Each of the interest of the Mortgagee hereunder and the priority of the lien of this Mortgage will remain in full force and effect with respect to all of the Obligations notwitiistanding such a zero balance of the L/C
Disbursements or the reimbursement obligations relating thereto, and the lien of this Mortgage will not be extinguished until this Mortgage has been terminated pursuant to Section 7.02. 

Section 4.02. Right to Perform Obligations. If the Mortgagor fails to pay or perform any of its obligations with
respect to the Property hereunder or under any other Loan Document, the Mortgagee shall have the right, (a) without notice if any Event of Default has occurred and is continuing, (b) with simultaneous notice if such payment or performance
is necessary in the opinion of the Mortgagee to preserve the Mortgagee’s rights under this Mortgage or with respect to the Mortgaged Property, or (c) after notice given reasonably in advance to allow the Mortgagor an opportunity to cure,
if no Event of Default has occurred and is continuing, to pay or perform such obligation, provided the Mortgagor is not contesting payment or performance thereof pursuant to a Permitted Contest and further provided that no such payment or
performance shall be construed to be a cure of any Event of Default or constitute a waiver of any Event of Default. If pursuant to this Section 4.02. the Mortgagee shall make any payment on behalf * of the Mortgagor or shall incur hereunder any
expense for which the Mortgagee is entitled to reimbursement pursuant to the provisions of the Loan Documents, such Obligation shall be repayable on demand and shall bear interest from the date incurred at the Post-Default Rate. Such interest, and
any other interest on the Obligations payable at the Post-Default Rate pursuant to the terms of the Loan Documents, shall accrue through the date paid notwithstanding any intervening judgment of foreclosure or sale. All such interest shall be part
of the Obligations and shall be secured by this Mortgage. 
 Section 4.03. Changes in the Laws Regarding
Taxation. If after the date hereof there is enacted any applicable law deducting from the value of the Property for the purpose of taxation the Lien of any Security Document or changing in any way the applicable law for the taxation of mortgages,
deeds of trust or other Liens or obligations secured thereby, or the manner of collection of such taxes, so as to adversely affect this Mortgage, the Obligations, or any Secured Party, upon demand by the Mortgagee or any other affected Secured Party
and to the fullest extent permitted under applicable law, the Mortgagor shall pay all taxes, assessments or other charges resulting therefrom or shall reimburse such Secured Party 

	 5
	  
	 Local counsel: please advise if amount is required to be stated. 

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 for all
such taxes, assessments or other charges which such Secured Party is obligated to pay as a result thereof. 

Section 4.04. Indemnification. The Mortgagor shall protect, indemnify and defend each of the Mortgagee and each other
Indemnitee from and against all losses, claims, damages, liabilities and related expenses, including the fees, charges or disbursements of counsel for the Mortgagee or any other Indemnitee, incurred by or asserted against the Mortgagee or any other
Indemnitee arising out of, in connection with, or as a result of (a) the Mortgagee’s exercise of any of its rights and remedies hereunder; (b) any accident, injury to or death of persons or loss of or damage to property occurring in,
on or about the Property or any part thereof or on the adjoining sidewalks, curbs, adjacent property or adjacent parking areas, street or ways; (c) any failure on the part of the Mortgagor to perform or comply with any of the terms of this
Mortgage; (d) the performance of any labor or services or the furnishing of any materials or other property in respect of the Mortgaged Property or any part thereof; (e) any Environmental Liability; or (f) any other conduct or
misconduct of the Mortgagor, any lessee or other occupant of any of the Property, or any of their respective agents, contractors, subcontractors, servants, employees, licensees or invitees; provided, that such indemnity shall not be available to any
Indemnitee to the extent that such losses, claims, damages, liabilities or related expense resulted from such Indemnitee’s bad faith, gross negligence or willful misconduct. Any amount payable under this Section will be payable on demand, be
deemed a Obligation and will bear interest at the Post-Default Rate. The obligations of the Mortgagor under this Section shall continue in full force and effect notwithstanding the satisfaction of the Release Conditions and the discharge of all
Obligations; provided, however, that the obligations of the Mortgagor hereunder shall be limited to the same extent that the obligations of the Borrowers are limited pursuant to Section 9.05 of the Credit Agreement. 

Section 4.05. Title. The Mortgagor shall 

	 (i)
	  
	 protect, preserve and defend all its right, title and interest in the Mortgaged Property and title thereto;

 (ii) (A),comply with each of the terms, conditions and provisions of any obligation of the
Mortgagor which is secured by the Mortgaged Property or the noncompliance with which may result in the imposition of a Lien on the Mortgaged Property subject to Permitted Collateral Liens, (B) forever warrant and defend to the Mortgagee the
Lien and security interests created and evidenced hereby and the validity and first priority position hereof in any action or proceeding against the claims of any and all persons whomsoever affecting or purporting to affect the Mortgaged Property or
any of the rights of the Mortgagee hereunder and (C) maintain this Mortgage as a valid and enforceable first priority mortgage Lien on the Mortgaged Property and, to the extent any of the Mortgaged Property shall consist of fixtures, or other
personal property, a first priority security interest in such fixtures and personal property which first priority Lien and security interest shall be subject only to Permitted Collateral Liens and all Permitted Encumbrances; and 

(iii) immediately upon obtaining knowledge of the pendency of any proceedings for the eviction of the Mortgagor from the
Mortgaged Property or any part thereof, except for as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, by paramount title or otherwise questioning the Mortgagor’s right, title and interest
in, to and under the Mortgaged Property as warranted in this Mortgage, or of any condition that could give rise to any such proceedings, notify the Mortgagee thereof. The Mortgagee may participate in such proceedings and the Mortgagor will deliver
or cause to be delivered to the Mortgagee all instruments requested by the Mortgagee to permit such participation. In any such proceedings, the Mortgagee may be represented by counsel satisfactory to the Mortgagee at the reasonable ex- 

1-1-16 

 

 
  
 pense of
the Mortgagor. If, upon the resolution of such proceedings, the Mortgagor shall suffer a loss of the Mortgaged Property or any part thereof or interest therein and title insurance proceeds shall be payable in connection therewith, such proceeds are
hereby assigned to and shall be paid to the Mortgagee to be applied as Net Cash Proceeds to the payment of the Obligations or otherwise in accordance with the provisions of the Credit Agreement. 

(iv) not initiate, join in or consent to any change in the zoning or any other permitted use classification of the
Property without the prior written consent of the Mortgagee. 
 ARTICLE 5 Defaults, Remedies and Rights

 Section 5.01. Events of Default. 
 Any Event of Default under the Credit Agreement shall constitute an Event of Default hereunder; for the avoidance of doubt, all periods of time or other conditions or circumstances
necessary for the existence of an Event of Default under the Credit Agreement shall likewise be necessary for the existence of an Event of Default hereunder. 
 All notice and cure periods provided in the Credit Agreement and the other Loan Documents shall run concurrently with any notice or cure periods provided under applicable law. 

Section 5.02. Remedies. 
 (a) If an Event of Default has occurred and is continuing, the Mortgagee shall have the right and power to exercise any of the following remedies and rights, subject to mandatory
provisions of applicable law, whether or not the maturity of the Obligations has been accelerated, to wit: 
 (i)
to institute a proceeding or proceedings, by advertisement, judicial process or otherwise as provided under applicable law, for the complete or partial foreclosure of this Mortgage or the complete or partial sale of the Mortgaged Property under the
power of sale hereunder or under any applicable provision of law; or 
 (ii) to sell the Mortgaged Property, and
all estate, right, title, interest, claim and demand of the Mortgagor therein and thereto, and all rights of redemption thereof, at one or more sales, as an entirety or in parcels, with such elements of real or personal property, at such time and
place and upon such terms as the Mortgagee may deem expedient or as may be required under applicable law, and in the event of a sale hereunder or under any applicable provision of law of less than all of the Mortgaged Property, this Mortgage shall
continue as a Lien on the remaining Mortgaged Property [up to the remaining balance of the Secured Loan Amount]; or 
 (iii) to institute a suit, action or proceeding for the specific performance of any of the provisions of this Mortgage; or 

(iv) to be entitled to the appointment of a receiver, supervisor, trustee, liquidator, conservator or other custodian (a
“Receiver”) of the Mortgaged Property, without notice to Mortgagor, to the fullest extent permitted by law, as a matter of right and without regard to, or the necessity to disprove, the adequacy of the security for the Obligations or the
solvency of the Mortgagor or any other Loan Party, and the Mortgagor hereby, to the fullest extent permitted by applicable law, irrevocably waives such necessity and consents to such appointment, without notice, 

1-1-17 

 

 
  
 said
appointee to be vested with the fullest powers permitted under applicable law, including to the fullest extent permitted under applicable law those under Section 5.02(a)(v); or 

(v) to enter upon the Property, by the Mortgagee or a Receiver (whichever is the Person exercising the rights under this
clause), and, to the extent permitted under applicable law, exclude the Mortgagor and its managers, employees, contractors, agents and other representatives therefrom in accordance with applicable law, without liability for trespass, damages or
otherwise, and take possession of all other Mortgaged Property and all books, records and accounts relating thereto, and upon demand the Mortgagor shall surrender possession of the Property, the other Mortgaged Property and such books, records and
accounts to the Person exercising the rights under this clause after the occurrence of any Event of Default; and having and holding the same, the Person exercising the rights under this clause may use, operate, manage, preserve, control and
otherwise deal therewith and conduct the business thereof, either personally or by its managers, employees, contractors, agents or other representatives, without interference from the Mortgagor or its managers, employees, contractors, agents and
other representatives; and, upon each such entry and from time to time thereafter, at the expense of the Mortgagor and the Mortgaged Property, without interference by the Mortgagor or its managers, employees, contractors, agents and other
representatives, the Person exercising the rights under this clause may, as such Person deems expedient, (A) insure or reinsure the Property, (B) make all necessary or proper repairs, renewals, replacements, alterations, additions,
restorations, betterments and improvements to the Property and (C) in such Person’s own name or, at the option of such Person, in the Mortgagor’s name, exercise all rights, powers and privileges of the Mortgagor with respect to the
Mortgaged Property, including the right to enter into Leases with respect to the Property, including Leases extending beyond the time of possession by the Person exercising the rights under this clause; and the Person exercising the rights under
this clause shall not be liable to account for any action taken hereunder, other than for Rents actually received by such Person, and shall not be liable for any loss sustained by the Mortgagor resulting from any failure to let the Property or from
any other act or omission of such Person, except to the extent such loss is caused by such Person’s own bad faith, willful misconduct or gross negligence; or 
 (vi) with or, to the fullest extent permitted by applicable law, without entry upon the Property, in the name of the Mortgagee or a Receiver (as required by law and whichever is the Person
exercising the rights under this clause) or, at such Person’s option, in the name of the Mortgagor, to collect, receive, sue for and recover all Rents and proceeds of or derived from the Mortgaged Property, and after deducting therefrom all
costs, expenses and liabilities of every character incurred by the Person exercising the rights under this clause in collecting the same and in using, operating, managing, preserving and controlling the Mortgaged Property and otherwise in exercising
the rights under Section 5.02(a)(v) or any other rights hereunder, including all amounts necessary to pay Impositions, Rents, Insurance Premiums and other costs, expenses and liabilities relating to the Property, as well as compensation for the
services of such Person and its managers, employees, contractors, agents or other representatives, to apply the remainder as provided in Section 5.06; or 
 (vii) to take any action with respect to any Mortgaged Property permitted under the UCC; or 
 (viii) to take any other action, or pursue any other remedy or right, as the Mortgagee may have under applicable law, and the Mortgagor does hereby grant the same to the Mortgagee; or

 (ix) to exercise any statutory power of sale; or 

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 (x) to
declare all sums secured hereby to be immediately due and payable, without presentment, demand, notice of any kind, protest or notice of protest, all of which are expressly waived. 

	 (b)
	  
	 To the fullest extent permitted by applicable law, 

(i) each remedy or right hereunder shall be in addition to, and not exclusive or in limitation of, any other remedy or
right hereunder, under any other Loan Document or under applicable law; 
 (ii) every remedy or right hereunder,
under any other Loan Document or under applicable law may be exercised concurrently or independently and whenever and as often as deemed appropriate by the Mortgagee; 
 (iii) no failure to exercise or delay in exercising any remedy or right hereunder, under any other Loan Document or under applicable law shall be construed as a waiver of any Default
hereunder or under any other Loan Document; 
 (iv) no waiver of, failure to exercise or delay in exercising any
remedy or right hereunder, under any other Loan Document or under applicable law upon any Default hereunder or under any other Loan Document shall be construed as a waiver of, or otherwise limit the exercise of, such remedy or right upon any other
or subsequent Default hereunder or under any other Loan Document; 
 (v) no single or partial exercise of any
remedy or right hereunder, under any other Loan Document or under applicable law upon any Default hereunder or under any other Loan Document shall preclude or otherwise limit the exercise of any other remedy or right hereunder, under any other Loan
Document or under applicable law upon such Default or upon any other or subsequent Default hereunder or under any other Loan Document; 
 (vi) the acceptance by the Mortgagee or any other Secured Party of any payment less than the amount of the Obligation in question shall be deemed to be an acceptance on account only and
shall not be construed as a waiver of any Default hereunder or under any other Loan Document with respect thereto; and 
 (vii) the acceptance by the Mortgagee or any other Secured Party of any payment of, or on account of, any Obligation shall not be deemed to be a waiver of any Default hereunder or under
any other Loan Document with respect to any other Obligation, 
 If the Mortgagee has proceeded to enforce any
remedy or right hereunder or with respect hereto by foreclosure, sale, entry or otherwise, it may compromise, discontinue or abandon such proceeding for any reason without notice to the Mortgagor or any other Person (other than other Secured Parties
as may be required by the other Loan Documents), and, in the event that any such proceeding shall be discontinued, abandoned or determined adversely for any reason, the Mortgagor and the Mortgagee shall retain and be restored to their former
positions and rights hereunder with respect to the Mortgaged Property, subject to the Lien hereof except to the extent any such adverse determination specifically provides to the contrary. 

For the purpose of carrying out any provisions of Section 2.01(c), 4.02, 5.02(a)(v), 5.02(a)(vi). 5.05 or 5.07 or any
other provision hereunder authorizing the Mortgagee or any other Person to perform any action on behalf of the Mortgagor, the Mortgagor hereby irrevocably ap- 
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 points the
Mortgagee or a Receiver appointed pursuant to Section 5.02(a)fvi) or such other Person (as the case may be as the Person appointed under this subsection) as the attorney-in-fact of the Mortgagor (with a power to substitute any other Person in
its place as such attomey-in-fact) to act in the name of the Mortgagor or, at the option of the Person appointed to act under this subsection, in such Person’s own name, to take the action authorized under Section 2.01(c), 4.02,
5.02(a)(v), 5.02(a)(vi), 5.05 or 5.07 or such other provision, and to execute, acknowledge and deliver any document in connection therewith or to take any other action incidental thereto as the Person appointed to act under this subsection shall
deem appropriate in its discretion; and the Mortgagor hereby irrevocably authorizes and directs any other Person to rely and act on behalf of the foregoing appointment and a certificate of the Person appointed to act under this subsection that such
Person is authorized to act under this subsection. 
 Section 5.03. Waivers by the Mortgagor. To the fullest
extent permitted under applicable law, the Mortgagor shall not assert, and hereby irrevocably waives, any right or defense the Mortgagor may have under any statute or rule of law or equity now or hereafter in effect relating to
(a) appraisement, valuation, homestead exemption, extension, moratorium, stay, statute of limitations, redemption, marshalling of the Mortgaged Property or the other assets of the Mortgagor, sale of the Mortgaged Property in any order or notice
of deficiency or intention to accelerate any Obligation; (b) impairment of any right of subrogation or reimbursement; (c) any requirement that at any time any action must be taken against any other Person, any portion of the Mortgaged
Property or any other asset of the Mortgagor or any other Person; 
 any provision barring or limiting the right
of the Mortgagee to sell any Mortgaged Property after any other sale of any other Mortgaged Property or any other action against the Mortgagor or any other Person; 
 any provision barring or limiting the recovery by the Mortgagee of a deficiency after any sale of the Mortgaged Property; (f) any other provision of applicable law which might defeat,
limit or adversely affect any right or remedy of the Mortgagee or the holders of the Obligations under or with respect to this Mortgage or any other Security Document as it relates to any Mortgaged Property; or (g) the right of the Mortgagee to
foreclose this Mortgage in its own name on behalf of all of the Secured Parties by judicial action as the real party in interest without the necessity of joining any other Secured Party. 

Section 5.04. Jurisdiction; Process and Waiver of Jury Trial. 

	 (a)
	  
	 To the extent permitted under applicable law, in any suit, action or proceeding 

arising out of or relating to this Mortgage or any other Security Document as it relates to any Mortgaged Property, the
Mortgagor irrevocably consents to (i) the jurisdiction of any state or federal court sitting in the State in which the Property is located and irrevocably waives any defense or objection which it may now or hereafter have to the jurisdiction of
such court or the venue of such court for or the convenience of such court as the forum for any such suit, action or proceeding, and (ii) the service of (A) any process in any such suit, action or proceeding, or (B) any notice
relating to any sale, or the exercise of any other remedy by the Mortgagee hereunder by sending a copy of such process or notice by prepaid overnight courier or United States registered or certified mail, postage prepaid, return receipt requested to
the Mortgagor at its address specified in or pursuant to Section 7.03. such service to be effective when received at the address specified or when delivery at such address is refused. 

(b) Nothing in this Section shall affect the right of the Mortgagee to bring any suit, action or proceeding arising out of
or relating to this Mortgage or any other Security Document in any court having jurisdiction under the provisions of any other Security Document or applicable law or to 
 serve any process, notice of sale or other notice in any manner permitted by any other Security Document 
 or applicable law. 
 (c) MORTGAGOR AND MORTGAGEE
EACH HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING 
 1-1-20 

 

 
  
 OUT OF,
UNDER OR IN CONNECTION WITH THIS MORTGAGE. EACH OF MORTGAGOR AND MORTGAGEE HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT
OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT FT AND THE OTHER PARTY HERETO HA BEEN INDUCED TO ENTER INTO THIS MORTGAGE BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 5.04.

 Section 5.05. Sales. Except as otherwise provided herein, to the fullest extent permitted under
applicable law, at the election of the Mortgagee, the following provisions shall apply to any sale of the Mortgaged Property hereunder, whether made pursuant to the power of sale hereunder, any judicial proceeding or any judgment or decree of
foreclosure or sale or otherwise: 
 The Mortgagee or the court officer (whichever is the Person conducting any
sale) may conduct any number of sales from time to time. The power of sale hereunder shall not be exhausted by any sale as to any part or parcel of the Mortgaged Property which is not sold, unless and until the Obligations shall have been paid in
full, and shall not be exhausted or impaired by any sale which is not completed or is defective. Any sale may be as a whole or in part or parcels and as provided in Section 5.03, the Mortgagor has thereby waived its right to direct the order in
which the Mortgaged Property or any part or parcel thereof is sold. 
 Any sale may be postponed or adjourned by
public announcement at the time and place appointed for such sale or for such postponed or adjourned sale without further notice. 
 After each sale, the Person conducting such sale shall execute and deliver to the purchaser or purchasers at such sale a good and sufficient instrument or instruments granting, conveying,
assigning and transferring all right, title and interest of the Mortgagor in and to the Mortgaged Property sold and shall receive the proceeds of such sale [up to the Secured Loan Amount] and apply the same as provided in Section 5.06. The
Mortgagor hereby irrevocably appoints the Person conducting such sale as the attomey-in-fact of the Mortgagor (with full power to substitute any other Person in its place as such attorney-in-fact) to act in the name of the Mortgagor or, at the
option of the Person conducting such sale, in such Person’s own name, to make without warranty by such Person any conveyance, assignment, transfer or delivery of the Mortgaged Property sold, and to execute, acknowledge and deliver any
instrument of conveyance, assignment, transfer or delivery or other document in connection therewith or to take any other action incidental thereto, as the Person conducting such sale shall deem appropriate in its discretion; and the Mortgagor
hereby irrevocably authorizes and directs any other Person to rely and act upon the foregoing appointment and a certificate of the Person conducting such sale that such Person is authorized to act hereunder. Nevertheless, upon the request of such
attorney-in-fact the Mortgagor shall promptly execute, acknowledge and deliver any documentation which such attorney-in-fact may require for the purpose of ratifying, confirming or effectuating the powers granted hereby or any such conveyance,
assignment, transfer or delivery by such attorney-in-fact. 
 Any statement of fact or other recital made in any
instrument referred to in Section 5.05(c) given by the Person conducting any sale as to the nonpayment of any Obligation, the occurrence of any Event of Default, the amount of the Obligations due and payable, the request to the Mortgagee to
sell, the notice of the time, place and terms of sale and of the Mortgaged Property to be sold having been duly given, the refusal, failure or inability of the Mortgagee to act, the appointment of any substitute or successor agent, any other act or
thing having been duly done by the Mortgagor, the Mortgagee or any other such Person, shall be taken as conclusive and binding against all other Persons as evidence of the truth of the facts so stated or recited. The Person con- 

1-1-21 

 

 
  
 ducting
any sale may appoint or delegate any other Person as agent to perform any act necessary or incident to such sale, including the posting of notices and the conduct of such sale, but in the name and on behalf of the Person conducting such sale.

 The receipt by the Person conducting any sale of the purchase money paid at such sale shall be sufficient
discharge therefor to any purchaser of any Mortgaged Property sold, and no such purchaser, or its representatives, grantees or assigns, after paying such purchase price and receiving such receipt, shall be bound to see to the application of such
purchase price or any part thereof upon or for any trust or purpose of this Mortgage or, in any manner whatsoever, be answerable for any loss, misapplication or nonapplication of any such purchase money or be bound to inquire as to the
authorization, necessity, expediency or regularity of such sale. 
 Subject to mandatory provisions of applicable
law, any sale shall operate to divest all of the estate, right, title, interest, claim and demand whatsoever, whether at law or in equity, of the Mortgagor in and to the Mortgaged Property sold, and shall be a perpetual bar both at 

law and in equity against the Mortgagor and any and all Persons claiming such Mortgaged Property or any interest therein
by, through or under the Mortgagor. 
 (g) At any sale, the Mortgagee may bid for and acquire the Mortgaged
Property sold and, in lieu of paying cash therefor, may make settlement for the purchase price by causing the Secured Parties to credit against the Obligations, including the expenses of the sale and the cost of any enforcement proceeding hereunder,
the amount of the bid made therefor to the extent necessary to satisfy such bid. 
 (h) If the Mortgagor or any
Person claiming by, through or under the Mortgagor shall transfer or fail to surrender possession of the Mortgaged Property, after the exercise by the Mortgagee of the Mortgagee’s remedies under Section 5.02Ca’)(v’) or after any
sale of the Mortgaged Property pursuant hereto, then the Mortgagor or such Person shall be deemed a tenant at sufferance of the purchaser at such sale, subject to eviction by means of summary process for possession of land, or subject to any other
right or remedy available hereunder or under applicable law. 

	 (i)
	  
	 Upon any sale, it shall not be necessary for the Person conducting such sale to 

have any Mortgaged Property being sold present or constructively in its possession. 

	 (j)
	  
	 If a sale hereunder shall be commenced by the Mortgagee, the Mortgagee may at 

any time before the sale abandon the sale, and may institute suit for the collection of the Obligations or for the
foreclosure of this Mortgage; or if the Mortgagee should institute a suit for collection of the Obligations or the foreclosure of this Mortgage, the Mortgagee may at any time before the entry of final judgment in said suit dismiss the same and sell
the Mortgaged Property in accordance with the provisions of this Mortgage. 
 Section 5.06. Proceeds. Except
as otherwise provided herein or required under applicable law, the proceeds of any sale of the Mortgaged Property hereunder [up to the Secured Loan Amount], whether made pursuant to the power of sale hereunder, any judicial proceeding or any
judgment or decree of foreclosure or sale or otherwise shall be applied and paid as follows: 
 (a) First: to pay
of all expenses of such sale, including compensation for the Person conducting such sale (which may include the Mortgagee), the cost of title searches, foreclosure certificates and attorneys’ fees and expenses incurred by such Person;

 1-1-22 

 

 
  
 Second: to
the payment of the expenses and other amounts payable under Section 4.02 and Section 4.04, if any; and 

Third: to the payment of the other Obligations in the order and priority set forth in Section 17 of the Guarantee and
Collateral Agreement, until all Obligations shall have been paid in full. 
 Section 5.07. Assignment of
Leases. 
 Subject to paragraph 5.07(d) below, the assignments of the Leases and the Rents under Granting Clauses
VI and VII are and shall be present, absolute and irrevocable assignments by the Mortgagor to the Mortgagee and, subject to the license to the Mortgagor under Section 5.07(b), the Mortgagee or a Receiver appointed pursuant to
Section 5.02(a)(iv) (as the case may be as the Person exercising the rights under this Section) shall have the absolute, immediate and continuing right to collect and receive all Rents now or hereafter, including during any period of
redemption, accruing with respect to the Property. At the request of the Mortgagee or such Receiver, the Mortgagor shall promptly execute, acknowledge, deliver, record, register and file any additional general assignment of the Leases or specific
assignment of any Lease which the Mortgagee or such Receiver may require from time to time (all in form and substance satisfactory to the Mortgagee or such Receiver) to effectuate, complete, perfect, continue or preserve the assignments of the
Leases and the Rents under Granting Clauses VI and VII. Neither the acceptance hereof nor the exercise of the rights and remedies hereunder nor any other action on the part of the Mortgagee or any Person exercising the rights of the Mortgagee
hereunder shall be construed to be an assumption by the Mortgagee or any such Person of, or to otherwise make the Mortgagee or such Person liable or responsible for, any of the obligations of the Mortgagor under or with respect to the Leases or for
any Rent, Security Deposit or other amount delivered to the Mortgagor, provided that the Mortgagee or any such Person exercising the rights of the Mortgagee hereunder shall be accountable as provided in Section 5.07(c) for any Rents, Security
Deposits or other amounts actually received by the Mortgagee or such Person, as the case may be. Neither the acceptance hereof nor the exercise of the rights and remedies hereunder nor any other action on the part of the Mortgagee or any Person
exercising the rights of the Mortgagee hereunder shall be construed to obligate the Mortgagee or any such Person to take any action under or with respect to the Leases or with respect to the Property, to incur any expense or perform or discharge any
duty or obligation under or with respect to the Leases or with respect to the Property, to appear in or defend any action or proceeding relating to the Leases or the Property, to constitute the Mortgagee as a mortgagee in possession (unless the
assignee hereunder actually enters and takes possession of the Property), or to be liable in any way for any injury or damage to person or property sustained by any Person in or about the Property other than to the extent caused by the bad faith,
willful misconduct or gross negligence of the Mortgagee or any Person exercising the rights of the Mortgagee hereunder. 
 In the absence of an Event of Default, the Mortgagor shall have a license granted hereby to collect and receive all Rents and apply the same subject to the provisions of the Loan
Documents. This license shall terminate, at the option of the Mortgagee, upon the occurrence of an Event of Default. 
 If any Event of Default has occurred and is continuing, the Mortgagee or a Receiver appointed pursuant to Section 5,02(a)(iv) (as the case may be as the Person t? A.CA viol II g the
rights under this Section) shall have the right to terminate the license granted under Section 5.07(b) by notice to the Mortgagor and to exercise the rights and remedies provided under Section 5.07(a), under Section 5.02(a)(v) and
Section 5,02(a)(vi) or under applicable law. If an Event of Default is continuing, upon demand by the Person exercising the rights under this Section, the Mortgagor shall promptly pay to such Person all Security Deposits under the Leases and
all Rents allocable to any period after the occurrence of 
 1-1-23 

 

 
  
 such Event
of Default. Subject to Section 5.02(a)(v) and Section 5.02(a)(vi) and any applicable requirement of law, any Rents received hereunder by such Receiver shall be promptly paid to the Mortgagee, and any Rents received hereunder by the
Mortgagee shall be deposited in the Collateral Account, to be held, applied and disbursed as provided in the Guarantee and Collateral Agreement, provided that, subject to Section 5.02(a)(v) and Section 5.02(a)(vi) and any applicable
requirement of law, any Security Deposits actually received by such Receiver shall be promptly paid to the Mortgagee, and any Security Deposits actually received by the Mortgagee shall be held, applied and disbursed as provided in the applicable
Leases and applicable law. 
 (d) Nothing herein shall be construed to be an assumption by the Person exercising
the rights under this Section, or otherwise to make such Person liable for the performance, of any of the obligations of the Mortgagor under the Leases, provided that such Person shall be accountable as provided in Section 5.07(c) for any Rents
or Security Deposits actually received by such Person. 
 Section 5.08. Dealing with the Mortgaged Property.
Subject to Section 7.02, the Mortgagee shall have the right to release any portion of the Mortgaged Property to or at the request of the Mortgagor, for such consideration as the Mortgagee may require without, as to the remainder of the
Mortgaged Property, in any way impairing or affecting the Lien or priority of this Mortgage, or improving the position of any subordinate lienholder with respect thereto, or the position of any guarantor, endorser, co-maker or other obligor of the
Obligations, except to the extent that the Obligations shall have been reduced by any actual monetary consideration received for such release and applied to the Obligations, and may accept by assignment, pledge or otherwise any other property in
place thereof as the Mortgagee may require without being accountable therefor to any other lienholder. 

Section 5.09. Information and Right of Entry,. 

Upon reasonable request by the Mortgagee, the Mortgagor shall deliver to the Mortgagee promptly after such request or, if
requested by the Mortgagee, on a continuing or periodic basis, any information, certificates and documents with respect to the matters referred to in this Mortgage as the Mortgagor shall reasonably request. 

The Mortgagee and the representatives of the Mortgagee shall have the right, (i) without notice, if any Event of
Default has occurred and is continuing, (ii) with simultaneous notice, if any payment or performance is necessary in the opinion of the Mortgagee to preserve the Mortgagee’s rights under this Mortgage or with respect to the Mortgaged
Property, or (iii) after reasonable notice, in all other cases, to enter upon the Property at reasonable times, and with reasonable frequency, to inspect the Mortgaged Property or, subject to the provisions hereof, to exercise any right, power
or remedy of the Mortgagee hereunder, provided that any Person so entering the Property shall not unreasonably interfere with the ordinary conduct of the Mortgagor’s business, and provided further that no such entry on the Property, for the
purpose of performing obligations under Section 4.02 or for any other purpose, shall be construed to be (x) possession of the Property by such Person or to constitute such Person as a mortgagee in possession, unless such Person exercises
its right to take possession of the Property under Section 5.02(aXv), or (y) a cure of any Default or waiver of any Default. 
 ARTICLE 6 Security Agreement and Fixture Filing 

Section 6.01. Security Agreement. 
 (a) To the extent that the Mortgaged Property constitutes or includes personal property and equipment, including goods or items of personal property or equipment which are or are to be-

 1-1-24 

 

 
  
 come
fixtures under applicable law, the Mortgagor hereby grants a security interest therein (and any Proceeds thereof) and this Mortgage shall also be construed as a pledge and a security agreement under the UCC; and, if an Event of Default has occurred
and is continuing, the Mortgagee shall be entitled with respect to such personal property and equipment to all remedies available under the UCC, the Guarantee and Collateral Agreement and all other remedies available under applicable law. For
purposes of this Article 13, “equipment” shall have the meaning assigned to such term in the UCC. Without limiting the foregoing, any personal property or equipment may, at the Mortgagee’s option and, except as otherwise required by
applicable law, without the giving of notice, (i) be sold hereunder or under the Guarantee and Collateral Agreement, (ii) be sold pursuant to the UCC or (iii) be dealt with by the Mortgagee in any other manner permitted under
applicable law. The Mortgagee may require the Mortgagor to assemble the personal property and make it available to the Mortgagee at a place to be designated by the Mortgagee. If any Event of Default has occurred and is continuing, the Mortgagee
shall be the attomey-in-fact of the Mortgagor with respect to any and all matters pertaining to the personal property and equipment (and Proceeds thereof) with full power and authority to give instructions with respect to the collection and
remittance of payments, to endorse checks, to enforce the rights and remedies of the Mortgagor and to execute on behalf of the Mortgagor and in Mortgagor’s name any instruction, agreement or other writing required therefor. The Mortgagor
acknowledges and agrees that a disposition of the personal property in accordance with the Mortgagee’s rights and remedies in respect to the Property as heretofore provided is a commercially reasonable disposition thereof. Notwithstanding the
foregoing, to the extent that the Mortgaged Property includes Collateral (as defined in the Guarantee and Collateral Agreement), the provisions of the Guarantee and Collateral Agreement shall govern with respect to such property. 

(b) The Mortgagor hereby authorizes the Mortgagee to file a Record or Records (as defined in the UCC), including, without
limitation, financing or continuation statements, and amendments thereto, in all jurisdictions and with all filing offices as the Mortgagee may determine, in its sole discretion, are necessary or advisable to perfect the lien and security interest
granted to the Mortgagee herein. Such financing statements may describe the collateral in the same manner as described herein or may contain an indication or description of collateral that describes such property in any other manner as the Mortgagee
may determine, in its sole discretion, is necessary, advisable or prudent to ensure the perfection of the security interest in the collateral granted to the Mortgagee herein. The Mortgagor constitutes the Mortgagee its attorney-in-fact to file any
filings required or so requested for the foregoing purposes, all acts of such attorney being hereby ratified and confirmed; and such power, being coupled with an interest, shall be irrevocable until all the Transaction Liens (as defined in the
Guarantee and Collateral Agreement) terminate pursuant to the Loan Documents. The Mortgagor shall pay the costs of, or reasonable costs incidental to, any recording or filing of any financing or continuation statements or other documents recorded or
filed pursuant hereto concerning the collateral described herein. 
 Section 6.02. Fixture Filing. To the
extent that the Mortgaged Property includes goods or items of personal property which are or are to become fixtures under applicable law, and to the extent permitted under applicable law, the filing of this Mortgage in the real estate records of the
county in which the Mortgaged Property is located shall also operate from the time of filing as a fixture filing with respect to such Mortgaged Property, and the following information is applicable for the purpose of such fixture filing, to wit:

	 (a)
	  
	 Name and Address of the debtor: 

c/o ADS Waste Holdings, Inc. 7915 Baymeadows Way, Suite 400 Jacksonville, Florida 32256 

1-1-25 

 

 
  

	 (b)
	  
	 Name and Address of the secured party: 

[Deustehe Bank Trust Company Americas 
 60 Wall Street 
 New York, NY 10005] 

This document covers goods or items of personal property which are or are to become fixtures upon the Property.

 The name of the record owner of the real estate on which such fixtures are or are to be located is Mortgagor.

 ARTICLE 7 Miscellaneous 
 Section 7.01. Concerning the Mortgagee. 
 (a)
The provisions of Article 8 of the Credit Agreement and Sections 19. 20 and 21 of the Guarantee and Collateral Agreement are incorporated herein by reference as if fully restated herein and shall inure to the benefit of the Mortgagee in respect of
this Mortgage and shall be binding upon the parties to the Credit Agreement in such respect. In furtherance and not in derogation of the rights, privileges and immunities of the Mortgagee therein set forth: 

(i) The Mortgagee is authorized to take all such action as is provided to be taken by it as Mortgagee hereunder and under
any other Security Document and all other action incidental thereto. As to any matters not expressly provided for herein (including the timing and methods of realization upon the Mortgaged Property) the Mortgagee shall act or refrain from acting in
accordance with written instructions from the Required Lenders or, in the absence of such instructions, in accordance with its discretion. 
 (ii) The Mortgagee shall not be responsible for the existence, genuineness or value of any of the Mortgaged Property or for the validity, perfection, priority or enforceability of the lien
of this Mortgage on any of the Mortgaged Property, whether impaired by operation of law or by reason of any action or omission to act on its part hereunder. The Mortgagee shall have no duty to ascertain or inquire as to the performance or observance
of any of the terms of this Mortgage by the Mortgagor. 
 (iii) For all purposes of the Security Documents the
Mortgagee will be entitled to rely on information from (A) its own records for information as to the Lenders, its Obligations and actions taken by it, (B) any Secured Party for information as to its Obligations and actions taken by it, to
the extent that the Mortgagee has not obtained such information from the foregoing sources, and (C) Mortgagor, to the extent that the Mortgagee has not obtained information from the foregoing sources. 

(b) At any time or times, in order to comply with any Legal Requirement, the Mortgagee may appoint another bank or trust
company or one or more other Persons, either to act as co-agent or co-agents, jointly with the Mortgagee, or to act as separate agent or agents on behalf of the Lenders with such power and authority as may be necessary for the effectual operation of
the provisions hereof and may be specified in the instrument of appointment (which may, in the discretion of the Mortgagee, include provisions for the protection of such co-agent or separate agent similar to the provisions of this
Section 7.01). 
 1-1-26 

 

 
  

Section 7.02. Release of Mortgaged Property. 
 This Mortgage and the security interest and Lien granted hereby shall cease, terminate and thereafter be of no further force or effect in the event all of the Release Conditions (as
defined in the Guarantee and Collateral Agreement) shall have been satisfied. 
 At any time and from time to
time, the Mortgagee may release all or a portion of the Mortgaged Property from the lien of this Mortgage in connection with an asset disposition or release of the Mortgagor as permitted under the Credit Agreement, 

At any time and from time to time, the Mortgagee may release all or any part of the Mortgaged Property from the lien of
this Mortgage with the prior written consent of the Required Lenders; provided that if any such release is in connection with a release of all or substantially all of the security for the Obligations, such release shall require the prior written
consent of all the Lenders. 
 The Mortgagee may request Mortgagor deliver and may conclusively rely on any
certificate delivered to it by the Borrower or the Mortgagor stating that the execution of such documents and release of the Mortgaged Property is in accordance with and permitted by the terms of the Credit Agreement and this Mortgage. Upon any
termination of this Mortgage or release or reconveyance of Mortgaged Property, or any portion thereof, the Mortgagee shall, at the expense of the Mortgagor, execute, acknowledge and deliver to the Mortgagor such documents, without warranty, as the
Mortgagor shall reasonably request to evidence the release of Mortgaged Property or termination of this Mortgage, as the case may be. 
 Section 7.03. Notices. Each notice, request or other communication given to any party hereun-der shall be given in accordance with Section 9.01 of the Credit Agreement [and in
the case of Mortgagor, shall be given to it in care of the Borrower]6. 
 Section 7.04. Amendments in
Writing. 7 No provision of this Mortgage shall be modified, waived, amended or terminated, and no consent to any departure by the Mortgagor from any provision of this Mortgage shall be effective, unless the same shall be pursuant to an agreement or
agreements in writing entered into by the Mortgagee, with the consent of such Lenders as are required to consent thereto under Section 9.08 of the Credit Agreement. No such waiver, amendment or modification shall (i) be binding upon
Mortgagor, except with its written consent or (ii) affect the rights of a Secured Party (other than a Lender) hereunder more adversely than it affects the comparable rights of the Lenders hereunder, without the consent of such Secured Party.

 Section 7.05. Severability. All rights, powers and remedies provided in this Mortgage may be exercised
only to the extent that the exercise thereof does not violate applicable law, and all the provisions of this Mortgage are intended to be subject to all mandatory provisions of applicable law and to be limited to the extent necessary so that they
will not render this Mortgage illegal, invalid, unenforceable or not entitled to be recorded, registered or filed under applicable law. If any provision of this Mortgage or the application thereof to any Person or circumstance shall, to any extent,
be illegal, invalid or unenforceable, or cause this Mortgage not to be entitled to be recorded, registered or filed, the remaining provisions of this Mortgage or the application of such provision to other Persons or circumstances shall not be
affected 
 Insert if Mortgagor is not Borrower. 

	 7
	  
	 To conform to Guarantee and Collateral Agreement. 

1-1-27 

 

 
  
 thereby,
and each provision of this Mortgage shall be valid and be enforced to the fullest extent permitted 
 under
applicable law, 
 Section 7.06. Binding Effect. 

The provisions of this Mortgage shall be binding upon and inure to the benefit of each of the parties hereto and their
respective successors and assigns. 
 To the fullest extent permitted under applicable law, the provisions of
this Mortgage binding upon the Mortgagor shall be deemed to be covenants which run with the land. 

Section 7.07. Governing Law. THIS MORTGAGE SHALL BE GOVERNED BY AND CONSTRUED EN ACCORDANCE WITH THE LAWS OF THE
STATE IN WHICH THE PROPERTY 
 IS LOCATED, except as otherwise required by mandatory provisions of law and except
to the extent that remedies provided by the laws of any jurisdiction other than the State in which the Mortgaged Property is located are governed by the laws of such jurisdiction. 

Section 7.08. Local Law Provisions. The terms and provisions set forth in Appendix A attached hereto are incorporated
by reference as though fully set forth herein. In the event of any conflict between the terms and provisions of the body of the Mortgage and the terms and provisions of Appendix A, the latter shall control. 

Section 7.09. Multisite Real Estate Transaction. The Mortgagor acknowledges that this Mortgage is one of a number of
mortgages, deeds of trust and other security documents (“Other Mortgages”) that secure the Obligations. Mortgagor agrees that the lien of this Mortgage shall be absolute and unconditional and shall not in any manner be affected or impaired
by any acts or omissions whatsoever of Mortgagee, and without limiting the generality of the foregoing, the lien hereof shall not be impaired by any acceptance by the Mortgagee of any security for or guarantees of the Obligations, or by any failure,
neglect or omission on the part of Mortgagee to realize upon or protect any Obligation or any collateral security therefor including the Other Mortgages. The lien hereof shall not in any manner be impaired or affected by any release (except as to
the property released), sale, pledge, surrender, compromise, settlement, renewal, extension, indulgence, alteration, changing, modification or disposition of any of the Obligations or of any of the collateral security therefor, including the Other
Mortgages or of any guarantee thereof, and, to the fullest extent permitted by applicable law, Mortgagee may at its discretion foreclose, exercise any power of sale, or exercise any other remedy available to it under any or all of the Other
Mortgages without first exercising or enforcing any of its rights and remedies hereunder. Such exercise of Mortgagee’s rights and remedies under any or all of the Other Mortgages shall not in any manner impair the indebtedness hereby secured or
the lien of this Mortgage and any exercise of the rights or remedies of Mortgagee hereunder shall not impair the lien of any of the Other Mortgages or any of Mortgage’s rights and remedies thereunder. To the fullest extent permitted by
applicable law, Mortgagor specifically consents and agrees the Mortgagee may exercise its rights and remedies hereunder and under the Other Mortgages separately or concurrently and in any order that it may deem appropriate and waives any rights of
subrogation. 
 [Remainder of Page Intentionally Blank] 1-1-28 

 

 
  
 IN WITNESS
WHEREOF, the Mortgagor has executed and delivered this Mortgage as of the day first set forth above. 
 [NAME OF
MORTGAGOR] 
 By: 
 Name: Title: 
 [ATTEST: 

Name: 
 Title: ] 
 1-1-29 

 

 
  
 [Add State
form of acknowledgment] 
 1-1-30 

 

 
  
 EXHIBIT A

 Description of the Land 
 1-1-31 

 

 
  
 EXHIBIT B

 Permitted Encumbrances 
 Each of the liens and other encumbrances excepted as being prior to the Lien hereof as set forth in Schedule B to the marked [Pro Forma Policy] issued by [Title Insurance Company], dated
as of the date hereof and delivered to Collateral Agent on the date hereof, bearing [Title Insurance Company] reference number [Title Number] relating to the real property described in Exhibit A attached hereto. 

1-1-32 

 

 
  
 Appendix A

 Local Law Provisions 
 1-1-33 

 

 
  
 EXHIBIT
1-2 
 [Form of] DEED OF TRUST 
 This instrument was prepared by the attorney described below in consultation with counsel in the State in which the Trust Property is located and, when recorded, the recorded counterparts
should be returned to: 
 Athy A. O’Keeffe. Esq. Cahill Gordon & Reindel LLP 80 Pine Street New
York, New York 10005 
 DEED OF TRUST, ASSIGNMENT OF LEASES AND RENTS, SECURITY AGREEMENT AND FIXTURE FILING42

 dated as of , 2012 
 by 
 - — 7 

the Grantor, 
 to 
 [TRUSTEE] 

for the benefit of 
 DEUTSCHE BANK TRUST COMPANY AMERICAS 
 as
Administrative Agent and Collateral Agent for the Lenders, 
 the Beneficiary 

Property: 
 [ ] 
 This INSTRUMENT CONTAINS AFTER-ACQUIRED
PROPERTY PROVISIONS AND SECURES OBLIGATIONS CONTAINING PROVISIONS FOR CHANGES IN INTEREST RATES. THIS INSTRUMENT ALSO SECURES FUTURE ADVANCES. 
 42 Local counsel to conform cover to local law requirements. 
 1-2-1 

 

 
  
 TABLE OF
CONTENTS 
 Page 
 ARTICLE 1 
 DEFINITIONS AND INTERPRETATIONS

 Section 1.01. Definitions 8 
 Section 1.02. Interpretation . 10 

Section 1.03. Resolution of Drafting Ambiguities 11 

ARTICLE 2 
 CERTAIN REPRESENTATIONS, WARRANTIES AND COVENANTS 

Section 2.01. Title, Authority and Effectiveness 11 

Section 2.02. Impositions 12 
 Section 2.03. Legal and Insurance Requirements 12 
 Section 2.04. Status and Care of the Property 13 
 Section 2.05. Liens 13 
 Section 2.06.
Transfers 13 
 Section 2.07. Credit Agreement 13 

ARTICLE 3 
 INSURANCE, CASUALTY AND CONDEMNATION 

Section 3.01. Insurance 14 
 Section 3.02. Casualty 14 
 Section 3.03.
Insurance Claims and Proceeds 14 
 Section 3.04. Condemnation. 14 

Section 3.05. Condemnation Awards 15 
 ARTICLE 4 
 CERTAIN OBLIGATIONS 

Section 4.01. Revolving Loans 15 
 Section 4.02. Right to Perform Obligations 15 

Section 4.03. Changes in the Laws Regarding Taxation 15 

Section 4.04. Indemnification 16 
 Section 4.05. Title 16 
 ARTICLE 5 

DEFAULTS, REMEDIES AND RIGHTS 
 Section 5.01. Events of Default 17 

Section 5.02. Remedies .17 
 Section 5.03. Waivers by the Grantor 20 

Section 5.04. Jurisdiction; Process and Waiver of Jury Trial .20 

Section 5.05. Sales , 21 
 Section 5.06. Proceeds 22 
 Section 5.07.
Assignment of Leases 23 
 Section 5.08. Dealing with the Trust Property 24 

Section 5.09. Information and Right of Entry 24 

ARTICLE 6 
 SECURITY AGREEMENT AND FIXTURE FILING 

Section 6.01. Security Agreement 24 
 Section 6.02. Fixture Filing ,.25 
 ARTICLE 7

 MISCELLANEOUS 
 Section 7.01. Concerning the Beneficiary 26 

Section 7.02. Release of Trust Property 27 
 1-2-2 

 

 
  

Section 7.03. Notices 27 
 Section 7.04. Amendments in Writing 27 

Section 7.05. Severability 27 
 Section 7.06. Binding Effect 28 

Section 7.07. Governing Law 28 
 Section 7.08. Local Law Provisions 28 

Section 7.09. Multisite Real Estate Transaction 28 

Section 7.10. Intentionally deleted 28 
 Section 7.11. Trustee 28 
 Exhibit A —
Description of the Land Exhibit B — Permitted Encumbrances 
 Appendix — Local Law Provisions

 

 
  
 THIS DEED
OF TRUST, ASSIGNMENT OF LEASES AND RENTS, SECURITY AGREEMENT AND FIXTURE FILING (this “Deed of Trust”) is dated as of _, 2012 by 
 ‘ a (the “Grantor”), having an address at c/o ADS Waste Holdings, Inc., 7915 Baymeadows Way, Suite 400, Jacksonville, Florida 32256, Attention: Steven R. Cam, Chief
Financial Officer, with a copy to ADS Waste Holdings, Inc., 7915 Baymeadows Way, Suite 400, 
 Jacksonville,
Florida 32256, Attention: Scott E. Friedlander, to [TRUSTEE], a (the 
 “Trustee”), having an address
at , for the benefit of DEUTSCHE BANK 
 TRUST COMPANY AMERICAS, as administrative agent and collateral agent for
itself and the other Lenders (hereinafter defined) (the “Beneficiary”), having an address at 60 Wall Street, New York, NY 10005. 
 WITNESSETH: 
 Credit Agreement. Reference is hereby
made to the Credit Agreement, dated as of October 9, 2012 (the “Credit Agreement”), among ADS WASTE HOLDINGS, INC., a Delaware corporation (the “Escrow Borrower”) (which on the Acquisition Date (as defined below) shall be
merged with and into ADS WASTE HOLDINGS, INC., a Delaware corporation (“ADS”)), upon the effectiveness of the Joinder Agreement (as defined below), ADVANCED DISPOSAL WASTE HOLDINGS CORP., a Delaware corporation (“ADS Holdings”
and, upon the effectiveness of the Joinder Agreement, “Intermediate Holdings”), the Lenders (such term and each other capitalized term used but not defined herein having the meaning given it in Article I of this Deed of Trust), and
DEUTSCHE BANK TRUST COMPANY AMERICAS, as administrative agent (in such capacity, including any successor thereto, the “Administrative Agent”) and as collateral agent (in such capacity, including any successor thereto, the “Collateral
Agent”) for the Lenders. Pursuant to the Credit Agreement, the Lenders have extended and/or may from time to time extend Loans to the Borrowers. Pursuant to the Credit Agreement, the Issuing Bank may also from time to time issue Letters of
Credit for the account of the Borrowers. As contemplated by the Credit Agreement, the Loan Parties may also become obligated to one or more of the Lenders by entering into Hedging Agreements. 

Guaranty, Pursuant to the Guarantee and Collateral Agreement dated as of October 9, 2012 (the “Guarantee and
Collateral Agreement”) among the Borrowers, the Grantor and the other Subsidiary Guarantors that are parties thereto, and the Collateral Agent, the Grantor has unconditionally guaranteed, subject to the limitations set forth therein, the full
and punctual payment and performance of all obligations of the other Loan Parties now or hereafter existing under or in respect of the Loan Documents, whether for principal, interest, fees, expenses, indemnification or otherwise. 

Deed of Trust. The hen of this Deed of Trust is being granted to secure payment, performance and observance of the
Obligations and upon the foreclosure or other enforcement of this Deed of Trust, the net proceeds of the Trust Property are to be received by or paid over to the Beneficiary and applied as provided herein. 

[The maximum principal indebtedness that may be secured by this Deed of Trust is $[2,100,000,000.00] [(the “Secured
Loan Amount”)]43. The scheduled maturity date of the latest to mature of the Obligations is [October 9, 2019.J44 
 [Insert value of property or allocated loan amount in mortgage tax locations.] 
 [Local counsel: please confirm if maximum principal amount or outside maturity date is required to be stated.] 
 1-2-4 

 

 
  
 GRANTING
CLAUSES 
 NOW, THEREFORE, in consideration of the premises and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, for the purpose of securing the due and punctual payment, performance and observance of the Obligations and intending to be bound hereby, the Grantor does hereby GRANT, BARGAIN, SELL, CONVEY,
ASSIGN, TRANSFER and WARRANT to the Trustee for the benefit of the Beneficiary and the other Secured Parties, with power of sale and right of entry as hereinafter provided, and (to the extent covered by the UCC) does hereby GRANT AND WARRANT to the
Beneficiary a continuing security interest in and to all of the property and rights described in the following Granting Clauses (all of which property and rights are collectively called the “Trust Property”), to wit: 

I. GRANTING CLAUSE 
 Land. All estate, right, title and interest of the Grantor in, to, under or derived from: the lots, 
 pieces, tracts or parcels of land located in County, , more particularly described in 
 Exhibit A (the “Land”). 
 n. GRANTING
CLAUSE 
 Improvements. All estate, right, title and interest of the Grantor in, to, under or derived from: all
buildings, structures, facilities and other improvements of every kind and description now or hereafter located on or attached to the Land, including all parking areas, roads, driveways, walks, fences, walls, berms, recreation facilities, drainage
facilities, lighting facilities and other site improvements; all water, sanitary and storm sewer, drainage, electricity, steam, gas, telephone, telecommunications and other utility equipment and facilities; all plumbing, lighting, heating,
ventilating, air-conditioning, refrigerating, incinerating, compacting, fire protection and sprinkler, surveillance and security, vacuum cleaning, public address, communications and telecommunications equipment and systems; all screens, awnings,
floor coverings, partitions, elevators, escalators, motors, electrical, computer and other wiring, machinery, pipes, fittings and racking and shelving; and all other items of fixtures, equipment and personal property of every kind and description,
in each case now or hereafter located on the Land or affixed (actually or constructively) to the buildings and other improvements located on the Land which by the nature of their location thereon or affixation thereto are real property under
applicable law; and including all materials intended for the construction, reconstruction, repair, replacement, alteration, addition or improvement of or to such buildings, equipment, fixtures, structures and improvements, all of which materials
shall be deemed to be part of the Trust Property immediately upon delivery thereof on the Land and to be part of the improvements immediately upon their incorporation therein (the foregoing being collectively called the “Improvements”).

 HI. GRANTING CLAUSE 
 Equipment. All estate, right, title and interest of the Grantor in, to, under or derived from: all equipment, fixtures, chattels and articles of personal property owned by the Grantor or
in which the Grantor has or shall acquire an interest, wherever situated, and now or hereafter located on, or in, or affixed (actually or constructively) to, the Land or the Improvements, whether or not affixed thereto and which are not real
property under applicable law, including all partitions, shades, blinds, curtains, draperies, carpets, rugs, furniture and furnishings; all radio and cable antennae and systems, satellite dishes and systems, audio and video systems, equipment and
facilities; all heating, lighting, plumbing, ventilating, air conditioning, refrigerating, gas, steam, electrical, incinerating and compacting plants, systems, fixtures and equipment; all elevators, stoves, ranges, other kitchen and laundry
appliances, vacuum and other cleaning systems, call systems, switchboards, sprinkler systems and other fire prevention, alarm and ex- 
 1-2-5 

 \

 
  

tinguishing apparatus and materials; and all motors, machinery, pipes, conduits, dynamos, engines, compressors,
generators, boilers, stokers, furnaces, pumps, trunks, ducts, appliances, equipment, utensils, tools, implements, fittings and fixtures, and including any of the foregoing that is temporarily removed from the Land or Improvements to be repaired and
later reinstalled thereon or therein (the foregoing being collectively called the “Equipment”; and the Land with the Improvements thereon and the Equipment therein being collectively called the “Property”). 

IV. GRANTING CLAUSE 
 Appurtenant Rights. All estate, right, title and interest of the Grantor in, to, under or derived from: all tenements, hereditaments and appurtenances now or hereafter relating to the
Property; the streets, roads, sidewalks and alleys abutting the Property; all strips and gores within or adjoining the Land; all land in the bed of any body of water adjacent to the Land; all land adjoining the Land created by artificial means or by
accretion; all air space and rights to use air space above the Land; all development or similar rights now or hereafter appurtenant to the Land; all rights of ingress and egress now or hereafter appertaining to the Property; all easements,
servitudes, privileges and rights of way now or hereafter appertaining to the Property; and all royalties and other rights now or hereafter appertaining to the use and enjoyment of the Property, including alley, party walls, support, drainage, crop,
timber, agricultural, horticultural, oil, gas and other mineral, water stock, riparian and other water rights now or hereafter appertaining to the use and enjoyment of the Property. 

V. GRANTING CLAUSE 
 Agreements. All estate, right, title and interest of the Grantor in, to, under or derived from: all Insurance Policies (including all unearned premiums and dividends thereunder) and other
policies of insurance maintained by the Borrower (for the benefit of Grantor) or Grantor with respect to the Property (even if not required to be maintained hereunder); all guarantees and warranties relating to the Property and all supply and
service contracts for water, sanitary and storm sewer, drainage, electricity, steam, gas, telephone and other utilities now or hereafter relating to the Property and all other contracts and agreements affecting or relating to the use, enjoyment or
occupancy of the Property. 
 VI. GRANTING CLAUSE 

Leases. All estate, right, title and interest of the Grantor in, to, under or derived from: all Leases now or hereafter in
effect, whether or not of record, for the use or occupancy of all or any part of the Property. 
 VII GRANTING
CLAUSE 
 Rents, Issues and Profits. All estate, right, title and interest of the Grantor in, to, under or
derived from: all rents, royalties, issues, profits, receipts, revenue, income and other benefits now or hereafter accruing with respect to the Property, including all rents and other sums now or hereafter payable pursuant to the Leases; all other
sums now or hereafter payable with respect to the use, occupancy, management, operation or control of the Property; and all other claims, rights and remedies now or hereafter belonging or accruing with respect to the Property, including fixed,
additional and percentage rents, occupancy charges, security deposits, parking, maintenance, common area, tax, insurance, utility and service charges and contributions (whether collected under the Leases or otherwise), proceeds of sale of
electricity, gas, heating, air conditioning and other utilities and services (whether collected under the Leases or otherwise), and deficiency rents and liquidated damages following default or cancellation (the foregoing rents and other sums
described in this Granting Clause being collectively called the “Rents”), all of which 
 1-2-6

 

 
  
 the
Grantor hereby irrevocably directs be paid to the Beneficiary, subject to the license granted to the Grantor pursuant to Section 5.07(b), to be held, applied and disbursed as provided in this Deed of Trust. 

VIII. GRANTING CLAUSE 
 Permits. All estate, right, title and interest of the Grantor in, to, under or derived from all licenses, authorizations, certificates, variances, consents, approvals and other permits now
or hereafter appertaining to the Property (the foregoing being collectively called the “Permits”). 

IX. GRANTING CLAUSE 
 Books and Records. All estate, right, title and interest of the Grantor in, to, under or derived from all books and records, including tenant files, credit files, customer files, computer
printouts, files, programs and other computer and electronic materials and records, now or hereafter relating to the Property. 
 X. GRANTING CLAUSE 
 Intangible Property. All
estate, right, title and interest of the Grantor in, to, under or derived from the Property and other intangible property not described in the foregoing Granting Clauses now or hereafter relating to the use and operation of the Property as a going
concern. 
 XL GRANTING CLAUSE 
 Deposits, Proceeds and Awards. All estate, right, title and interest of the Grantor in, to, under or derived from all amounts deposited with the Beneficiary under the Loan Documents with
respect to the Property, including all Net Cash Proceeds, Awards and title net cash proceeds under any title insurance policy now or hereafter held by the Grantor, proceeds of any Transfer, financing, refinancing or conversion into cash or
liquidated claims, whether voluntary or involuntary, of any of the Trust Property; and all rights, dividends and other claims of any kind whatsoever (including damage, secured, unsecured, priority and bankruptcy claims) now or hereafter relating to
any of the Trust Property, all of which the Grantor hereby irrevocably directs be paid to the Beneficiary to the extent provided hereunder, to be held, applied and disbursed as provided in this Deed of Trust. 

XH. GRANTING CLAUSE 
 Additional Property. All greater, additional or other estate, right, title and interest of the Grantor in, to, under or derived from the Trust Property hereafter acquired by the Grantor,
including all right, title and interest of the Grantor in, to, under or derived from all extensions, improvements, betterments, renewals, substitutions and replacements of, and additions and appurtenances to, any of the Trust Property hereafter
acquired by or released to the Grantor or constructed or located on, or attached to, the Property, in each case, immediately upon such acquisition, release, construction, location or attachment; all estate, right, title and interest of the Grantor
in, to, under or derived from any other property and rights which are, by the provisions of the Security Documents, required to be subjected to the lien hereof; all estate, right, title and interest of the Grantor in, to, under or derived from any
other property and rights which are necessary to maintain the Property and the Grantor’s business or operations conducted therein as a going concern in each case, to the fullest extent permitted by law, without any further conveyance, mortgage,
assignment or other act by the Grantor; and all estate, right, title and interest of the Grantor in, to, under or derived from all other property and rights which are by any instrument or otherwise subjected to the Hen hereof by the Grantor.

 1-2-7 

 

 
  
 EXCLUDING,
however, from the foregoing grants, the Excluded Assets (as defined in the Guarantee and Collateral Agreement). 

TO HAVE AND TO HOLD the Trust Property, together with all estate, right, title and interest of the Grantor and anyone
claiming by, through or under the Grantor in, to, under or derived from the Trust Property and all rights and appurtenances relating thereto, to the Trustee for the benefit of the Beneficiary and its successors and assigns, forever for the benefit
of the Secured Parties for the purpose of securing the payment and performance in full of all the Obligations. 

PROVIDED ALWAYS that this Deed of Trust is upon the express condition that the Trust Property shall be released from the
lien of this Deed of Trust in full or in part in the manner and at the time provided in Section 7.02. 
 THE
GRANTOR ADDITIONALLY COVENANTS AND AGREES WITH THE BENEFICIARY AS FOLLOWS: 
 ARTICLE 1 Definitions and
Interpretations 
 Section 1.01. Definitions. 

(a) Capitalized terms used in this Deed of Trust, but not otherwise defined herein, are defined in, or are defined by
reference in, the Credit Agreement, and if not defined therein, then in the Guarantee and Collateral Agreement, and have the same meanings herein as therein. 
 (b) In addition, as used herein, the following terms have the following meanings: “Collateral Agent” is defined in the Recitals. 

“Bankruptcy Code” means the Bankruptcy Code of 1978, as amended. 

“Beneficiary” is defined in the Preamble. 

“Borrower” shall be deemed to mean, prior to the Acquisition Date, the Escrow Borrower and, on and after the
Acquisition Date, ADS. 
 “Casualty” means any damage to, or destruction of, the Property by reason of
fire or any other cause or event. 
 “Condemnation” means any condemnation or other taking or temporary
or permanent requisition of the Property, any interest therein or right appurtenant thereto, or any change of grade affecting the Property, as the result of the exercise of any right of condemnation or eminent domain. A Transfer to a governmental
authority in lieu or anticipation of Condemnation shall be deemed to be a Condemnation. 
 “Credit
Agreement” is defined in the Recitals. 
 “Deed of Trust” is defined in the Preamble. 

“Equipment” is defined in Granting Clause IE. 

“Grantor” is defined in the Preamble. 
 1-2-8 

 

 
  

“Guarantee and Collateral Agreement” is defined in the Recitals. 

“Impositions” means all taxes (including real estate taxes and transfer taxes), assessments (including all
assessments for public improvements or benefits, whether or not commenced or completed prior to the date hereof), gas, electricity, steam, water, sewer or other rents, rates and charges, excises, levies, license fees, permit fees, inspection fees
and other authorization fees and other charges, in each case whether general or special, ordinary or extraordinary, foreseen or unforeseen, of every character (including all interest and penalties thereon), which at any time may be assessed, levied,
confirmed or imposed on or in respect of, or be a Lien upon, (i) the Property, any other Trust Property or any interest therein, (ii) any occupancy, use or possession of, or activity conducted on, the Property, (iii) the Rents, or
(iv) the Obligations or the Security Documents, but excluding income, excess profits, franchise, capital stock, estate, inheritance, succession, gift or similar taxes of the Grantor or any Secured Party, except to the extent that such taxes of
the Grantor or any Secured Party are imposed in whole or in part in lieu of, or as a substitute for, any taxes which are or would otherwise be Impositions. 
 “Improvements” is defined in Granting Clause II. 
 “Insurance Policies” means the insurance policies and coverages required to be maintained by 
 the Grantor with respect to the Property pursuant to Section 3.01. 
 “Insurance Premiums” means all premiums payable under the Insurance Policies. 
 “Insurance Requirements” means all provisions of the Insurance Policies, all requirements of 
 the issuer of any of the Insurance Policies and all orders, rules, regulations and any other requirements of the National Board of Fire Underwriters (or any other body exercising similar
functions) applicable to the 
 Property, any adjoining vaults, sidewalks, parking areas or driveways, or any use
or condition thereof. 
 “Land” is defined in Granting Clause I. 

“Lease” means each lease, sublease, tenancy, subtenancy, license, franchise, concession or other occupancy
agreement relating to the Property, together with any guarantee of the obligations of the tenant thereunder or any right to possession under the Bankruptcy Code or any other applicable law in the event of the rejection of any Lease by the landlord
or its trustee pursuant to said Code or said applicable law. 
 “Legal Requirements” means all
provisions of Permits and applicable laws (including Environmental Laws), statutes, codes, acts, ordinances, orders, judgments, decrees, injunctions, rules, regulations, directions and requirements of, and agreements with, governmental bodies,
agencies or officials, now or hereafter applicable to the Property, or any use or condition thereof. 

“Lenders” is defined in the Recitals. 
 “Obligations” is defined in the Guarantee and Collateral Agreement. 
 “Permits” is defined in Granting Clause VIII. 
 “Permitted Contest” means a contest permitted by and in accordance with Section 5.04, 6.01(c) or (d) of the Credit Agreement. 

“Permitted Encumbrances” means the Liens described in Exhibit B. 

“Permitted Collateral Liens” is defined in the Credit Agreement. 

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“Post-Default Rate” means, for any day, the applicable rate provided in Section 2.07 of the 

Credit Agreement. 
 “Proceeds” is defined in the Guarantee and Collateral Agreement. 
 “Property” is defined in Granting Clause III. 
 “Receiver” is defined in Section 5.02fa)(iv). 
 “Rents” is defined in Granting Clause VII. 
 “Restore” means to restore, repair, replace or rebuild the Property after a Casualty or Condemnation, in each case as nearly as possible to a value, utility and condition
existing immediately prior to such Casualty or Condemnation. 
 [“Secured Loan Amount” is defined in
the Recitals.] 
 “Secured Parties” is defined in the Guarantee and Collateral Agreement, 

“Security Deposit” means any payment, note, letter of credit or other security or deposit made or given by or on
behalf of a tenant under a Lease as security for the performance of its obligations thereunder, and any interest accrued thereon. 
 “Transfer” means, when used as a noun, any sale, transfer, lease, or other disposition and, when 
 used as a verb, to sell, transfer, assign, lease, or otherwise dispose of, in each case (i) whether voluntary or involuntary, (ii) whether direct or indirect and
(iii) including any agreement providing for a Transfer or granting any right or option providing for a Transfer. 
 “Trust Property” is defined in the Granting Clauses. 
 “UCC” means the Uniform Commercial Code as in effect in the State in which the Trust Property is located, provided that if by reason of mandatory provisions of law, the
perfection or the effect of perfection or non-perfection or the priority of any Transaction Lien in any Collateral is governed by the Uniform Commercial Code as in effect in a jurisdiction other than the State in which the Trust Property is located,
“Uniform Commercial Code” means the Uniform Commercial Code as in effect in such other jurisdiction for purposes of the provisions hereof relating to such perfection, effect of perfection or non-perfection or priority. 

(c) In this Deed of Trust, unless otherwise specified, references to this Deed of Trust, the Credit Agreement, Notes,
Guarantee and Collateral Agreement, Loan Documents, Security Documents, and Letters of Credit include all amendments, supplements, consolidations, replacements, restatements, 
 extensions, renewals and other modifications thereof, in whole or in part. 
 Section 1.02. Interpretation. In this Deed of Trust, unless otherwise specified: (a) singular words include the plural and plural words include the singular; (b) words which
include a number of constituent parts, things or elements, including the terms Leases, Improvements, Land, Obligations, Property and Trust Property, shall be construed as referring separately to each constituent part, thing or element thereof, as
well as to all of such constituent parts, things or elements as a whole; (c) words importing any gender include the other genders; (d) references to any Person include such Person’s successors and assigns and in the case of an
individual, the word “successors” includes such Person’s heirs, devisees, legatees, executors, administrators and personal representatives; (e) references to any statute or other law in- 

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 elude all
applicable rules, regulations and orders adopted or made thereunder and all statutes or other laws amending, consolidating or replacing the statute or law referred to; (f) the words “consent,” “approve,” “agree”
and “request,” and derivations thereof or words of similar import, mean the prior written consent, approval, agreement or request of the Person in question; (g) the words “include” and “including,” and words of
similar import, shall be deemed to be followed by the words “without limitation”; (h) the words “hereto,” “herein,” “hereof and “hereunder,” and words of similar import, refer to this Deed of Trust
in its entirety; (i) references to Articles, Sections, Schedules, Exhibits, subsections, paragraphs and clauses are to the Articles, Sections, Schedules, Exhibits, subsections, paragraphs and clauses of this Deed of Trust; (j) the
Schedules and Exhibits to this Deed of Trust are incorporated herein by reference; (k) the titles and headings of Articles, Sections, Schedules, Exhibits, subsections, paragraphs and clauses are inserted as a matter of convenience and shall not
affect the construction of this Deed of Trust; (1) all obligations of the Grantor hereunder shall be satisfied by the Grantor at the Grantor’s sole cost and expense; and (m) all rights and powers granted to the Beneficiary hereunder
shall be deemed to be coupled with an interest and be irrevocable, 
 Section 1.03. Resolution of Drafting
Ambiguities. The Grantor acknowledges that it was represented by counsel in connection with this Deed of Trust, that it and its counsel reviewed and participated in the preparation and negotiation of this Deed of Trust and that any rule of
construction to the effect that ambiguities are to be resolved against the drafting party or the Beneficiary shall not be employed in the interpretation of this Deed of Trust. 
 ARTICLE 2 Certain Representations, Warranties and Covenants 
 Section 2.01. Title, Authority and Effectiveness. 
 The Grantor represents and warrants that (i) the Grantor has good and marketable title to the fee simple interest in the Land and the Improvements, free and clear of all Liens other
than the Permitted Encumbrances; (ii) the Grantor is the owner of, or has a valid leasehold interest in, the Equipment and all other items constituting the Trust Property, in each case free and clear of all Liens other than the Permitted
Collateral Liens; (iii) the Permitted Encumbrances do not materially interfere with the use, enjoyment or operation of the Trust Property or materially and adversely affect the value thereof; (iv) the Improvements located on the Land do
not materially interfere with any of the Permitted Encumbrances; (v) the execution, delivery and performance by the Grantor of this Deed of Trust are within the Grantor’s [corporate] power, have been duly authorized by all necessary
[corporate and, if required, stockholder] action, require no consent or approval of, registration or filing with, or other action by, any governmental authority (except for the recording or filing of this Deed of Trust and UCC financing statements)
and do not violate any applicable law or regulation or the charter, by-laws or other organizational documents of the Grantor or any order of any governmental authority, will not violate or result in a default under any indenture, agreement or other
instrument binding upon the Grantor or its assets, or give rise to a right thereunder to require any payment to be made by the Grantor, and will not result in the creation or imposition of any Lien on any asset of the Grantor (other than the lien of
this Deed of Trust on the Trust Property); and (vi) this Deed of Trust constitutes a valid, binding and enforceable agreement of the Grantor, enforceable in accordance with its terms, except as the enforceability thereof may be limited by
bankruptcy, insolvency, reorganization or moratorium or other similar laws relating to the enforcement of creditors’ rights generally and by general equitable principles. 
 The Grantor shall cause the warranties in subsection (a) of this Section to be true and correct in each and every respect; and forever preserve, protect, warrant and defend
(i) its estate, right, title and interest in and to the Trust Property and (ii) the validity, enforceability and priority of the 
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 lien of
this Deed of Trust on the Trust Property, in each case, against all other Liens and claims whatsoever, subject only to the Permitted Collateral Liens. 
 The Grantor, at its sole cost and expense, shall (i) upon the request of the Beneficiary, promptly correct any defect or error which may be discovered in this Deed of Trust or any
financing statement or other document relating hereto; and (ii) promptly execute, acknowledge, deliver, record and re-record, register and re-register, and file and re-file this Deed of Trust and any financing statements or other documents
which the Beneficiary may require from time to time (all in form and substance reasonably satisfactory to the Beneficiary) in order to effectuate, complete, perfect, continue or preserve (A) the hen of this Deed of Trust as a first lien on the
Trust Property, whether now owned or hereafter acquired, subject only to the Permitted Collateral Liens, or (B) any right, power or privilege granted or intended to be granted to the Beneficiary hereunder or otherwise accomplish the purposes of
this Deed of Trust. To the fullest extent permitted by applicable law, the Grantor hereby authorizes the Beneficiary to file financing statements or continuation statements. The Grantor shall pay on demand the costs of, or incidental to, any
recording or filing of any financing or continuation statement, or amendment thereto, concerning the Trust Property. 
 Upon the recording of this Deed of Trust in the appropriate county recording offices, the lien of this Deed of Trust in the Trust Property constituting real property and fixtures granted
hereby shall be a perfected first Lien on such Trust Property (including fixtures) prior to all Liens on and security interests in such Property other than the Permitted Collateral Liens. 

Nothing herein shall be construed to subordinate the lien of this Deed of Trust to any Permitted Collateral Lien to which
the hen of this Deed of Trust is not otherwise subordinate. 
 Section 2.02. Impositions. The Grantor shall
(a) duly and punctually pay all Impositions before any penalty or fine accrues thereon other than Impositions that are the subject of a Permitted Contest; (b) duly and punctually file all returns and other statements required to be filed
with respect to any Imposition prior to the due date thereof; (c) promptly notify the Beneficiary of the receipt by the Grantor of any notice of default in the payment of any Imposition or in the filing of any return or other statement relating
to any Imposition and simultaneously furnish to the Beneficiary a copy of such notice of default; and (d) not make any deduction from or claim any credit on any Obligation by reason of any Imposition and, to the extent permitted under
applicable law, hereby irrevocably waives any right to do so. 
 Section 2.03. Legal and Insurance
Requirements. 
 The Grantor represents and warrants that (i) as of the date hereof, the Property and the
use and operation thereof comply in all material respects with all Legal Requirements and Insurance Requirements; (ii) there is no material default under any Legal Requirement or Insurance Requirement; and (iii) the execution, delivery and
performance of this Deed of Trust will not contravene any provision of or constitute a default under any Legal Requirement or Insurance Requirement. 
 The Grantor shall (i) duly and punctually comply in all material respects with all Legal Requirements and Insurance Requirements other than any Legal Requirement or Insurance
Requirement that is the subject of a Permitted Contest; (ii) procure, maintain and duly and punctually comply with all Permits required for the Property other than any Permit that is the subject of a Permitted Contest; (iii) promptly
notify the Beneficiary of the receipt by the Grantor of any notice of material default regarding any Legal Requirement or Insurance Requirement or any possible or actual termination of any Permit or Insurance Policy and furnish to the Beneficiary a
copy of such notice of default or termination except terminations not having a material adverse effect on the use or operation of the Property as then 
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 conducted;
and (iv) upon request, promptly furnish to the Beneficiary a copy of any material Permit obtained by the Grantor with respect to the Property after the date hereof. 
 Section 2.04. Status and Care of the Property’. 
 (a) The Grantor represents and warrants that (i) the Property is served by all necessary water, sanitary and storm sewer, drainage, electric, steam, gas, telephone and other utility
facilities, which facilities have capabilities sufficient to serve the current use and operation of the Property; and (ii) the Property has legal access to all streets or roads necessary for the use and operation of the Property, 

including as appropriate access over properly granted, perpetual, private easements, rights of way or servitudes that are
specifically included in the Trust Property. 
 The Grantor shall (i) use and operate the Property, or cause
the same to be used and operated, for substantially the same uses and purposes as they are used and operated as of the date hereof; (ii). maintain the Property as required by Section 5.06 of the Credit Agreement; and (iii) not initiate or
affirmatively support any change in the applicable zoning adversely affecting the Property, seek any variance (or any change in any variance) under the zoning adversely affecting the Property, execute or file any subdivision or other plat or map
adversely affecting the Property or consent to any of the foregoing. 
 The Grantor represents and warrants that
prior to the date hereof, the Grantor has delivered to the Benefciary a completed “Life-of Loan” Federal Emergency Management Agency Standard Rood Hazard Determination (together with notices about special flood hazard area status and flood
disaster assistance relating thereto, duly executed by [the Borrower]45 and the Grantor) with respect to each portion of the Trust Property 
 Section 2.05. Liens. The Grantor shall not create or permit to be created or to remain, and, subject to Permitted Contests, shall immediately discharge or cause to be discharged, any
Lien on the Trust Property or any interest therein, in each case (a) whether voluntarily or involuntarily created, (b) whether directly or indirectly a Lien thereon and (c) whether or not subordinated hereto, except Permitted
Collateral Liens. The provisions of this Section shall apply to each and every Lien (other than Permitted Collateral Liens) on the Trust Property or any interest therein, regardless of whether or not a consent to, or waiver of a right to consent to,
any other Lien thereon has been previously obtained in accordance with the terms of the Loan Documents. Nothing herein shall obligate the Grantor to remove any inchoate statutory Lien in respect of obligations not yet due and payable. 

Section 2.06. Transfers. The Grantor shall not Transfer, or suffer any Transfer of, the Trust Property or any part
thereof or interest therein, except as permitted or contemplated by the Credit Agreement. The provisions of this Section shall apply to each and every Transfer of the Trust Property or any interest therein, regardless of whether or not a consent to,
or waiver of a right to consent to, any other Transfer thereof has been previously obtained in accordance with the provisions of the Loan Documents. 
 Section 2.07. Credit Agreement. This Deed of Trust is given pursuant to the Credit Agreement. The Grantor expressly covenants and agrees to pay when due, and to timely perform, and to
cause the other Loan Parties to pay when due, and to timely perform, the Obligations in accordance with the 

terms of the Loan Documents, subject to any applicable grace and cure periods. The Grantor represents, warrants, covenants
and agrees that each of the representations, warranties, covenants and other agree- 
 45 INCLUDE ONLY IF THE
MORTGAGOR IS NOT THE BORROWER. 
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 merits of
the Grantor (as a Loan Party) under and as contained in the Credit Agreement are hereby incorporated herein in their entirety by this reference. 
 ARTICLE 3 
 Insurance, Casualty and Condemnation

 Section 3.01. Insurance. 
 The Grantor shall maintain in full force and effect Insurance Policies with respect to the Property as required by, and otherwise comply with, Section 5.07 of the Credit Agreement.

 If any portion of the Trust Property is at any time located in an area identified by 

the Federal Emergency Management Agency (or any successor agency) as a Special Flood Hazard Area with respect to which
flood insurance has been made available under the National Flood Insurance Act of 1968 (as now or hereafter in effect or successor act thereto), then the Grantor shall maintain, or cause to be maintained, with a financially sounds and reputable
insurer, flood insurance in amounts and otherwise sufficient to comply with all applicable rules and regulations promulgated pursuant to the Flood Insurance Laws and (ii) delivery to the Beneficiary evidence of such compliance in form and
substance reasonably acceptable to the Beneficiary. 
 Section 3.02. Casualty. 

The Grantor represents and warrants that, as of the date hereof, there is no material Casualty affecting the Property.

 In the event of any material Casualty, the Grantor shall (i) promptly give notice thereof to the Grantor,
(ii) immediately take such action as may be necessary or appropriate to preserve the undamaged portion of such Property and to protect against personal injury or property damage, and (iii) Restore the Property to the extent required by the
Credit Agreement. 
 Section 3.03. Insurance Claims and Proceeds. Subject to the terms of the Credit
Agreement, Grantor (a) assigns to Beneficiary all proceeds of any insurance policies insuring against loss or damage to the Trust Property and (b) upon the occurrence and during the continuance of an Event of Default, authorizes
Beneficiary to collect and receive such proceeds and authorizes and directs the issuer of each of such insurance policies to make payment for all such losses directly to Beneficiary, instead of to Grantor and Beneficiary jointly. All Net Cash
Proceeds with respect to any Casualty shall be held, applied and disbursed as required by the Credit Agreement. 

Section 3.04. Condemnation. 
 The Grantor represents and warrants that, as of the date hereof, (i) except for as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse
Effect, there is no Condemnation affecting the Property, and (ii) to the knowledge of Grantor, there are no negotiations or proceedings which might result in such a Condemnation. 

In the event of any Condemnation or the commencement of any negotiation or proceeding which might result in a
Condemnation, except for as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, the Grantor shall promptly after receiving notice or obtaining knowledge thereof give notice thereof to the
Beneficiary. 
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Section 3.05. Condemnation Awards. Grantor assigns all Net Cash Proceeds resulting from a Condemnation to Beneficiary
and, upon the occurrence and during the continuance of an Event of Default, authorizes Beneficiary to collect and receive such Net Cash Proceeds and to give proper receipts and acquittances therefor, subject to the terms of the Credit Agreement. All
Net Cash Proceeds with respect to such Condemnation shall be held, applied and disbursed as required by the Credit Agreement. 
 ARTICLE 4 Certain Obligations 
 Section 4.01.
Revolving Loans. The Obligations secured by this Deed of Trust include Revolving Loans made, and reimbursement obligations relating to Letters of Credit issued, under the Credit Agreement [in the maximum principal or face amount of $[ ]4S which are
advanced, paid and read- 
 vanced from time to time. Notwithstanding the amount outstanding at any particular
time, this Deed of Trust secures the total amount of Obligations [up to the Secured Loan Amount]. The unpaid balance of the Revolving Loans and the unpaid balance of the reimbursement obligations may at certain times be, or be reduced to, zero. A
zero balance, by itself, does not affect any Lender’s obligations to issue Letters of Credit or to advance Revolving Loans, or to make payments upon draws under Letters of Credit, all of which are obligatory subject to the conditions stated in
the Credit Agreement. Each of the interest of the Beneficiary hereunder and the priority of the lien of this Deed of Trust will remain in full force and effect with respect to all of the Obligations notwithstanding such a zero balance of the L/C
Disbursements or the reimbursement obligations relating thereto, and the hen of this Deed of Trust will not be extinguished until this Deed of Trust has been terminated pursuant to Section 7.02. 

Section 4.02. Right to Perform Obligations. If the Grantor fails to pay or perform any of its obligations with
respect to the Property hereunder or under any other Loan Document, the Beneficiary shall have the right, (a) without notice if any Event of Default has occurred and is continuing, (b) with simultaneous notice if such payment or
performance is necessary in the opinion of the Beneficiary to preserve the Beneficiary’s rights under this Deed of Trust or with respect to the Trust Property, or (c) after notice given reasonably in advance to allow the Grantor an
opportunity to cure, if no Event of Default has occurred and is continuing, to pay or perform such obligation, provided the Grantor is not contesting payment or performance thereof pursuant to a Permitted Contest and further provided that no such
payment or performance shall be construed to be a cure of any Event of Default or constitute a waiver of any Event of Default. If pursuant to this Section 4.02, the Beneficiary shall make any payment on behalf of the Grantor or shall incur
hereunder any expense for which the Beneficiary is entitled to reimbursement pursuant to the provisions of the Loan Documents, such Obligation shall be repayable on demand and shall bear interest from the date incurred at the Post-Default Rate. Such
interest, and any other interest on the Obligations payable at the Post-Default Rate pursuant to the terms of the Loan Documents, shall accrue through the date paid notwithstanding any intervening judgment of foreclosure or sale. All such interest
shall be part of the Obligations and shall be secured by this Deed of Trust. 
 Section 4.03. Changes in the
Laws Regarding Taxation. If after the date hereof there is enacted any applicable law deducting from the value of the Property for the purpose of taxation the Lien of any Security Document or changing in any way the applicable law for the taxation
of mortgages, deeds of trust or other Liens or obligations secured thereby, or the manner of collection of such taxes, so as to adversely affect this Deed of Trust, the Obligations, or any Secured Party, upon demand by the Beneficiary or any other
affected Secured Party and to the fullest extent permitted under applicable law, the Grantor shall pay all taxes, assessments or other charges resulting therefrom or shall reimburse such Secured Party 

45 Local counsel: please advise if amount is required to be stated. 

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 for all
such taxes, assessments or other charges which such Secured Party is obligated to pay as a result thereof. 

Section 4.04. Indemnification. The Grantor shall protect, indemnify and defend each of the Beneficiary and each other
Indemnitee from and against all losses, claims, damages, liabilities and related expenses, including the fees, charges or disbursements of counsel for the Beneficiary or any other Indemnitee, incurred by or asserted against the Beneficiary or any
other Indemnitee arising out of, in connection with, or as a result of (a) the Beneficiary’s exercise of any of its rights and remedies hereunder; (b) any accident, injury to or death of persons or loss of or damage to property
occurring in, on or about the Property or any part thereof or on the adjoining sidewalks, curbs, adjacent property or adjacent parking areas, street or ways; (c) any failure on the part of the Grantor to perform or comply with any of the terms
of this Deed of Trust; (d) the performance of any labor or services or the furnishing of any materials or other property in respect of the Trust Property or any part thereof; (e) any Environmental Liability; or (f) any other conduct
or misconduct of the Grantor, any lessee or other occupant of any of the Property, or any of their respective agents, contractors, subcontractors, servants, employees, licensees or invitees; provided, that such indemnity shall not be available to
any Indemnitee to the extent that such losses, claims, damages, liabilities or related expense resulted from such Indemnitee’s bad faith, gross negligence or willful misconduct. Any amount payable under this Section will be payable on demand,
be deemed a Obligation and will bear interest at the Post-Default Rate. The obligations of the Grantor under this Section shall continue in full force and effect notwithstanding the satisfaction of the Release Conditions and the discharge of all
Obligations; provided, however, that the obligations of the Mortgagor hereunder shall be limited to the same extent that the obligations of the Borrower are limited pursuant to Section 9.05 of the Credit Agreement. 

Section 4.05. Title. The Grantor shall 

	 (i)
	  
	 protect, preserve and defend all its right, title and interest in the Trust Property and title thereto;

 (ii) (A) comply with each of the terms, conditions and provisions of any obligation of
the Grantor which is secured by the Trust Property or the noncompliance with which may result in the imposition of a Lien on the Trust Property subject to Permitted Collateral Liens, (B) forever warrant and defend to the Beneficiary the Lien
and security interests created and evidenced hereby and the validity and first priority position hereof in any action or proceeding against the claims of any and all persons whomsoever affecting or purporting to affect the Trust Property or any of
the rights of the Beneficiary hereunder and (C) maintain this Deed of Trust as a valid and enforceable first priority mortgage Lien on the Trust Property and, to the extent any of the Trust Property shall consist of fixtures, or other personal
property, a first priority security interest in such fixtures and personal property which first priority Lien and security interest shall be subject only to Permitted Collateral Liens and all Permitted Encumbrances; and 

(iii) immediately upon obtaining knowledge of the pendency of any proceedings for the eviction of the Grantor from the
Trust Property or any part thereof, except for as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, by paramount title or otherwise questioning the Grantor’s right, title and interest in, to
and under the Trust Property as warranted in this Deed of Trust, or of any condition that could give rise to any such proceedings, notify the Beneficiary thereof. The Beneficiary may participate in such proceedings and the Grantor will deliver or
cause to be delivered to the Beneficiary all instruments requested by the Beneficiary to permit such participation. In any such proceedings, the Beneficiary may be represented by counsel satisfactory to the Beneficiary at the reasonable expense of
the Grantor. If, upon the resolution of such proceedings, the Grantor shall suffer a loss of the 
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 Trust
Property or any part thereof or interest therein and title insurance proceeds shall be payable in connection therewith, such proceeds are hereby assigned to and shall be paid to the Beneficiary to be applied as Net Cash Proceeds to the payment of
the Obligations or otherwise in accordance with the provisions of the Credit Agreement. 
 (iv) not initiate,
join in or consent to any change in the zoning or any other permitted use classification of the Property without the prior written consent of the Beneficiary. 
 ARTICLE 5 Defaults, Remedies and Rights 

Section 5.01. Events of Default, 
 Any Event of Default under the Credit Agreement shall constitute an Event of Default hereunder; for the avoidance of doubt, all periods of time or other conditions or circumstances
necessary for the existence of an Event of Default under the Credit Agreement shall likewise be necessary for the existence of an Event of Default hereunder. 
 All notice and cure periods provided in the Credit Agreement and the other Loan Documents shall run concurrently with any notice or cure periods provided under applicable law. 

Section 5.02. Remedies. 
 (a) If an Event of Default has occurred and is continuing, the Trustee and/or the Beneficiary (as applicable) shall have the right and power to exercise any of the following remedies and
rights, subject to mandatory provisions of applicable law, whether or not the maturity of the Obligations has been accelerated, to wit: 
 (i) to institute a proceeding or proceedings, by advertisement, judicial process or otherwise as provided under applicable law, for the complete or partial foreclosure of this Deed of
Trust or the complete or partial sale of the Trust Property under the power of sale hereunder or under any applicable provision of law; or 
 (ii) to sell the Trust Property, and all estate, right, title, interest, claim and demand of the Grantor therein and thereto, and all rights of redemption thereof, at one or more sales, as
an entirety or in parcels, with such elements of real or personal property, at such time and place and upon such terms as the Beneficiary may deem expedient or as may be required under applicable law, and in the event of a sale hereunder or under
any applicable provision of law of less than all of the Trust Property, this Deed of Trust shall continue as a Lien on the remaining Trust Property [up to the remaining balance of the Secured Loan Amount]; or 

(iii) to institute a suit, action or proceeding for the specific performance of any of the provisions of this Deed of
Trust; or 
 (iv) to be entitled to the appointment of a receiver, supervisor, trustee, liquidator, conservator
or other custodian (a “Receiver”) of the Trust Property, without notice to Grantor, to the fullest extent permitted by law, as a matter of right and without regard to, or the necessity to disprove, the adequacy of the security for the
Obligations or the solvency of the Grantor or any other Loan Party, and the Grantor hereby, to the fullest extent permitted by applicable law, irrevocably waives such necessity and consents to such appointment, without notice, said appointee to

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 be vested
with the fullest powers permitted under applicable law, including to the fullest extent permitted under applicable law those under Section 5.02fa)fv); or 
 (v) to enter upon the Property, by the Trustee, the Beneficiary or a Receiver (whichever is the Person exercising the rights under this clause), and, to the extent permitted under
applicable law, exclude the Grantor and its managers, employees, contractors, agents and other representatives therefrom in accordance with applicable law, without liability for trespass, damages or otherwise, and take possession of all other Trust
Property and all books, records and accounts relating thereto, and upon demand the Grantor shall surrender possession of the Property, the other Trust Property and such books, records and accounts to the Person exercising the rights under this
clause after the occurrence of any Event of Default; and having and holding the same, the Person exercising the rights under this clause may use, operate, manage, preserve, control and otherwise deal therewith and conduct the business thereof,
either personally or by its managers, employees, contractors, agents or other representatives, without interference from the Grantor or its managers, employees, contractors, agents and other representatives; and, upon each such entry and from time
to time thereafter, at the expense of the Grantor and the Trust Property, without interference by the Grantor or its managers, employees, contractors, agents and other representatives, the Person exercising the rights under this clause may, as such
Person deems expedient, (A) insure or reinsure the Property, (B) make all necessary or proper repairs, renewals, replacements, alterations, additions, restorations, betterments and improvements to the Property and (C) in such
Person’s own name or, at the option of such Person, in the Grantor’s name, exercise all rights, powers and privileges of the Grantor with respect to the Trust Property, including the right to enter into Leases with respect to the Property,
including Leases extending beyond the time of possession by the Person exercising the rights under this clause; and the Person exercising the rights under this clause shall not be liable to account for any action taken hereunder, other than for
Rents actually received by such Person, and shall not be liable for any loss sustained by the Grantor resulting from any failure to let the Property or from any other act or omission of such Person, except to the extent such loss is caused by such
Person’s own bad faith, willful misconduct or gross negligence; or 
 (vi) with or, to the fullest extent
permitted by applicable law, without entry upon the Property, in the name of the Trustee, the Beneficiary or a Receiver (as required by law and whichever is the Person exercising the rights under this clause) or, at such Person’s option, in the
name of the Grantor, to collect, receive, sue for and recover all Rents and proceeds of or derived from the Trust Property, and after deducting therefrom all costs, expenses and liabilities of every character incurred by the Person exercising the
rights under this clause in collecting the same and in using, operating, managing, preserving and controlling the Trust Property and otherwise in exercising the rights under Section 5,02fa)(v) or any other rights hereunder, including all
amounts necessary to pay Impositions, Rents, Insurance Premiums and other costs, expenses and liabilities relating to the Property, as well as compensation for the services of such Person and its managers, employees, contractors, agents or other
representatives, to apply the remainder as provided in Section 5.06; or 
 (vii) to take any action with
respect to any Trust Property permitted under the UCC; or 
 (viii) to take any other action, or pursue any other
remedy or right, as the Trustee or the Beneficiary may have under applicable law, and the Grantor does hereby grant the same to the Trustee and the Beneficiary; or 
 (ix) to exercise any statutory power of sale; or 

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 (x) to
declare all sums secured hereby to be immediately due and payable, without presentment, demand, notice of any kind, protest or notice of protest, all of which are expressly waived. 

	 (b)
	  
	 To the fullest extent permitted by applicable law, 

(i) each remedy or right hereunder shall be in addition to, and not exclusive or in limitation of, any other remedy or
right hereunder, under any other Loan Document or under applicable law; 
 (ii) every remedy or right hereunder,
under any other Loan Document or under applicable law may be exercised concurrently or independently and whenever and as often as deemed appropriate by the Beneficiary; 
 (iii) no failure to exercise or delay in exercising any remedy or right hereunder, under any other Loan Document or under applicable law shall be construed as a waiver of any Default
hereunder or under any other Loan Document; 
 (iv) no waiver of, failure to exercise or delay in exercising any
remedy or right hereunder, under any other Loan Document or under applicable law upon any Default hereunder or under any other Loan Document shall be construed as a waiver of, or otherwise limit the exercise of, such remedy or right upon any other
or subsequent Default hereunder or under any other Loan Document; 
 (v) no single or partial exercise of any
remedy or right hereunder, under any other Loan Document or under applicable law upon any Default hereunder or under any other Loan Document shall preclude or otherwise limit the exercise of any other remedy or right hereunder, under any other Loan
Document or under applicable law upon such Default or upon any other or subsequent Default hereunder or under any other Loan Document; 
 (vi) the acceptance by the Beneficiary or any other Secured Party of any payment less than the amount of the Obligation in question shall be deemed to be an acceptance on account only and
shall not be construed as a waiver of any Default hereunder or under any other Loan Document with respect thereto; and 
 (vii) the acceptance by the Beneficiary or any other Secured Party of any payment of, or on account of, any Obligation shall not be deemed to be a waiver of any Default hereunder or under
any other Loan Document with respect to any other Obligation. 
 If the Trustee or the Beneficiary has proceeded
to enforce any remedy or right hereunder or with respect hereto by foreclosure, sale, entry or otherwise, it may compromise, discontinue or abandon such proceeding for any reason without notice to the Grantor or any other Person (other than other
Secured Parties as may be required by the other Loan Documents), and, in the event that any such proceeding shall be discontinued, abandoned or determined adversely for any reason, the Grantor, the Trustee and the Beneficiary shall retain and be
restored to their former positions and rights hereunder with respect to the Trust Property, subject to the Lien hereof except to the extent any such adverse determination specifically provides to the contrary. 

For the purpose of carrying out any provisions of Section 2.01(c), 4.02, 5.02(a)(v), 5.02(a)(vi), 5.05 or 5.07 or any
other provision hereunder authorizing the Trustee, the Beneficiary or any other Person to perform any action on behalf of the Grantor, the Grantor hereby irrevocably 
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 appoints
the Trustee, the Beneficiary or a Receiver appointed pursuant to Section 5.02(a)fvi) or such other Person (as the case may be as the Person appointed under this subsection) as the attorney-in-fact of the Grantor (with a power to substitute any
other Person in its place as such attorney-in-fact) to act in the name of the Grantor or, at the option of the Person appointed to act under this subsection, in such Person’s own name, to take the action authorized under Section 2.01(c),
4.02, 5.02(a)(v), 5.02(a)(vi), 5.05 or 5.07 or such other provision, and to execute, acknowledge and deliver any document in connection therewith or to take any other action incidental thereto as the Person appointed to act under this subsection
shall deem appropriate in its discretion; and the Grantor hereby irrevocably authorizes and directs any other Person to rely and act on behalf of the foregoing appointment and a certificate of the Person appointed to act under this subsection that
such Person is authorized to act under this subsection. 
 Section 5.03. Waivers by the Grantor. To the
fullest extent permitted under applicable law, the Grantor shall not assert, and hereby irrevocably waives, any right or defense the Grantor may have under any statute or rule of law or equity now or hereafter in effect relating to
(a) appraisement, valuation, homestead exemption, extension, moratorium, stay, statute of limitations, redemption, marshalling of the Trust Property or the other assets of the Grantor, sale of the Trust Property in any order or notice of
deficiency or intention to accelerate any Obligation; (b) impairment of any right of subrogation or reimbursement; (c) any requirement that at any time any action must be taken against any other Person, any portion of the Trust Property or
any other asset of the Grantor or any other Person; (d) any provision barring or limiting the right of the Beneficiary to sell any Trust Property after any other sale of any other Trust Property or any other action against the Grantor or any
other Person; (e) any provision barring or limiting the recovery by the Beneficiary of a deficiency after any sale of the Trust Property; (f) any other provision of applicable law which might defeat, limit or adversely affect any right or
remedy of the Trustee, the Beneficiary or the holders of the Obligations under or with respect to this Deed of Trust or any other Security Document as it relates to any Trust Property; or (g) the right of the Trustee or the Beneficiary to
foreclose this Deed of Trust in its own name on behalf of all of the Secured Parties by judicial action as the real party in interest without the necessity of joining any other Secured Party. 

Section 5.04. Jurisdiction; Process and Waiver of Jury Trial. 

To the extent permitted under applicable law, in any suit, action or proceeding arising out of or relating to this Deed of
Trust or any other Security Document as it relates to any Trust Property, the Grantor irrevocably consents to (i) the jurisdiction of any state or federal court sitting in the State in which the Property is located and irrevocably waives any
defense or objection which it may now or hereafter have to the jurisdiction of such court or the venue of such court for or the convenience of such court as the forum for any such suit, action or proceeding, and (ii) the service of (A) any
process in any such suit, action or proceeding, or (B) any notice relating to any sale, or the exercise of any other remedy by the Trustee or the Beneficiary hereunder by sending a copy of such process or notice by prepaid overnight courier or
United States registered or certified mail, postage prepaid, return receipt requested to the Grantor at its address specified in or pursuant to Section 7.03, such service to be effective when received at the address specified or when delivery
at such address is refused. 
 Nothing in this Section shall affect the right of the Beneficiary to bring any
suit, action or proceeding arising out of or relating to this Deed of Trust or any other Security Document in any court having jurisdiction under the provisions of any other Security Document or applicable law or to serve any process, notice of sale
or other notice in any manner permitted by any other Security Document or applicable law. 
 GRANTOR AND
BENEFICIARY EACH HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY IURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING 

1-2-20 

 

 
  
 OUT OF,
UNDER OR IN CONNECTION WITH THIS DEED OF TRUST. EACH OF GRANTOR AND BENEFICIARY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE
EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTY HERETO HAS BEEN INDUCTED TO ENTER INTO THIS DEED OF TRUST BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION
5.04. 
 Section 5.05. Sales. Except as otherwise provided herein, to the fullest extent permitted under
applicable law, at the election of the Trustee or the Beneficiary, the following provisions shall apply to any sale of the Trust Property hereunder, whether made pursuant to the power of sale hereunder, any judicial proceeding or any judgment or
decree of foreclosure or sale or otherwise: 
 (a) The Trustee, the Beneficiary or the court officer (whichever
is the Person con ducting any sale) may conduct any number of sales from time to time. The power of sale hereunder shall not be exhausted by any sale as to any part or parcel of the Trust Property which is not sold, unless and until the Obligations
shall have been paid in full, and shall not be exhausted or 
 impaired by any sale which is not completed or is
defective. Any sale may be as a whole or in part or parcels and as provided in Section 5.03, the Grantor has thereby waived its right to direct the order in which the Trust Property or any part or parcel thereof is sold. 

Any sale may be postponed or adjourned by public announcement at the time and place appointed for such sale or for such
postponed or adjourned sale without further notice. 
 After each sale, the Person conducting such sale shall
execute and deliver to the purchaser or purchasers at such sale a good and sufficient instrument or instruments granting, conveying, assigning and transferring all right, title and interest of the Grantor in and to the Trust Property sold and shall
receive the proceeds of such sale [up to the Secured Loan Amount] and apply the same as provided in Section 5.06. The Grantor hereby irrevocably appoints the Person conducting such sale as the attomey-in-fact of the Grantor (with full power to
substitute any other Person in its place as such attorney-in-fact) to act in the name of the Grantor or, at the option of the Person conducting such sale, in such Person’s own name, to make without warranty by such Person any conveyance,
assignment, transfer or delivery of the Trust Property sold, and to execute, acknowledge and deliver any instrument of conveyance, assignment, transfer or delivery or other document in connection therewith or to take any other action incidental
thereto, as the Person conducting such sale shall deem appropriate in its discretion; and the Grantor hereby irrevocably authorizes and directs any other Person to rely and act upon the foregoing appointment and a certificate of the Person
conducting such sale that such Person is authorized to act hereunder. Nevertheless, upon the request of such attorney-in-fact the Grantor shall promptly execute, acknowledge and deliver any documentation which such attorney-in-fact may require for
the purpose of ratifying, confirming or effectuating the powers granted hereby or any such conveyance, assignment, transfer or delivery by such attorney-in-fact. 
 Any statement of fact or other recital made in any instrument referred to in Section 5.05(c) given by the Person conducting any sale as to the nonpayment of any Obligation, the
occurrence of any Event of Default, the amount of the Obligations due and payable, the request to the Beneficiary to sell, the notice of the time, place and terms of sale and of the Trust Property to be sold having been duly given, the refusal,
failure or inability of the Beneficiary to act, the appointment of any substitute or successor agent, any other act or thing having been duly done by the Grantor, the Beneficiary or any other such Person, shall be taken as conclusive and binding
against all other Persons as evidence of the truth of the facts so stated or recited. The Person con- 
 1-2-21

 

 
  
 ducting
any sale may appoint or delegate any other Person as agent to perform any act necessary or incident to such sale, including the posting of notices and the conduct of such sale, but in the name and on behalf of the Person conducting such sale,

 The receipt by the Person conducting any sale of the purchase money paid at such sale shall be sufficient
discharge therefor to any purchaser of any Trust Property sold, and no such purchaser, or its representatives, grantees or assigns, after paying such purchase price and receiving such receipt, shall be bound to see to the application of such
purchase price or any part thereof upon or for any trust or purpose of this Deed of Trust or, in any manner whatsoever, be answerable for any loss, misapplication or nonapplication of any such purchase money or be bound to inquire as to the
authorization, necessity, expediency or regularity of such sale. 
 Subject to mandatory provisions of applicable
law, any sale shall operate to divest all of the estate, right, title, interest, claim and demand whatsoever, whether at law or in equity, of the Grantor in and to the Trust Property sold, and shall be a perpetual bar both at law and in equity
against the Grantor and any and all Persons claiming such Trust Property or any interest therein by, through or under the Grantor. 
 At any sale, the Trustee or the Beneficiary may bid for and acquire the Trust Property sold and, in lieu of paying cash therefor, may make settlement for the purchase price by causing the
Secured Parties to credit against the Obligations, including the expenses of the sale and the cost of any enforcement proceeding hereunder, the amount of the bid made therefor to the 

extent necessary to satisfy such bid. 
 (h) If the Grantor or any Person claiming by, through or under the Grantor shall transfer or Ml to surrender possession of the Trust Property, after the exercise by the Trustee or the
Beneficiary of the Trustee’s or the Beneficiary’s remedies under Section 5.02(a)(v) or after any sale of the Trust Property pursuant hereto, then the Grantor or such Person shall be deemed a tenant at sufferance of the purchaser at
such sale, subject to eviction by means of summary process for possession of land, or subject to any other right or remedy available hereunder or under applicable law. 

	 (i)
	  
	 Upon any sale, it shall not be necessary for the Person conducting such sale to 

have any Trust Property being sold present or constructively in its possession. 

(j) If a sale hereunder shall be commenced by the Trustee or the Beneficiary, the Beneficiary may at any time before the
sale abandon the sale, and may institute suit for the collection of the Obligations or for the foreclosure of this Deed of Trust; or if the Trustee or the Beneficiary should institute a suit for collection of the Obligations or the foreclosure of
this Deed of Trust, the Trustee or the Beneficiary may at any time before the entry of final judgment in said suit dismiss the same and sell the Trust Property in accordance with the provisions of this Deed of Trust. 

Section 5.06. Proceeds. Except as otherwise provided herein or required under applicable law, the proceeds of any
sale of the Trust Property hereunder [up to the Secured Loan Amount], whether made 
 pursuant to the power of
sale hereunder, any judicial proceeding or any judgment or decree of foreclosure or sale or otherwise shall be applied and paid as follows: 
 (a) First: to pay of all expenses of such sale, including compensation for the Person conducting such sale (which may include the Trustee or the Beneficiary), the cost of title searches,
foreclosure certificates and attorneys’ fees and expenses incurred by such Person; 
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 Second: to
the payment of the expenses and other amounts payable under Section 4.02 and Section 4.04. if any; and 

Third: to the payment of the other Obligations in the order and priority set forth in Section 17 of the Guarantee and
Collateral Agreement, until all Obligations shall have been paid in full. 
 Section 5.07. Assignment of
Leases. 
 Subject to paragraph 5.07(d) below, the assignments of the Leases and the Rents under Granting Clauses
VI and VII are and shall be present, absolute and irrevocable assignments by the Grantor to the Beneficiary and, subject to the license to the Grantor under Section 5.07(b), the Beneficiary or a Receiver appointed pursuant to
Section 5.02(a)(iv) (as the case may be as the Person exercising the rights under this Section) shall have the absolute, immediate and continuing right to collect and receive all Rents now or hereafter, including during any period of
redemption, accruing with respect to the Property. At the request of the Beneficiary or such Receiver, the Grantor shall promptly execute, acknowledge, deliver, record, register and file any additional general assignment of the Leases or specific
assignment of any Lease which the Beneficiary or such Receiver may require from time to time (all in form and substance satisfactory to the Beneficiary or such Receiver) to effectuate, complete, perfect, continue or preserve the assignments of the
Leases and the Rents under Granting Clauses VI and VII. Neither the acceptance hereof nor the exercise of the rights and remedies hereunder nor any other action on the part of the Beneficiary or any Person exercising the rights of the Beneficiary
hereunder shall be construed to be an assumption by the Beneficiary or any such Person of, or to otherwise make the Beneficiary or such Person liable or responsible for, any of the obligations of the Grantor under or with respect to the Leases or
for any Rent, Security Deposit or other amount delivered to the Grantor, provided that the Beneficiary or any such Person exercising the rights of the Beneficiary hereunder shall be accountable as provided in Section 5.07(c) for any Rents,
Security Deposits or other amounts actually received by the Beneficiary or such Person, as the case may be. Neither the acceptance hereof nor the exercise of the rights and remedies hereunder nor any other action on the part of the Beneficiary or
any Person exercising the rights of the Beneficiary hereunder shall be construed to obligate the Beneficiary or any such Person to take any action under or with respect to the Leases or with respect to the Property, to incur any expense or perform
or discharge any duty or obligation under or with respect to the Leases or with respect to the Property, to appear in or defend any action or proceeding relating to the Leases or the Property, to constitute the Beneficiary as a mortgagee in
possession (unless the assignee hereunder actually enters and takes possession of the Property), or to be liable in any way for any injury or damage to person or property sustained by any Person in or about the Property other than to the extent
caused by the bad faith, willful misconduct or gross negligence of the Beneficiary or any Person exercising the rights of the Beneficiary hereunder. 
 In the absence of an Event of Default, the Grantor shall have a license granted hereby to collect and receive all Rents and apply the same subject to the provisions of the Loan Documents.
This license shall terminate, at the option of the Beneficiary, upon the occurrence of an Event of Default. 
 If
any Event of Default has occurred and is continuing, the Beneficiary or a Receiver appointed pursuant to Section 5.02(a)(iv) (as the case may be as the Person exercising the rights under this Section) shall have the right to terminate the
license granted under Section 5.07(b) by notice to the Grantor and to exercise the rights and remedies provided under Section 5.07(a), under Section 5.02(a)(v) and Section 5.02(a)(vi) or under applicable law. If an Event of
Default is continuing, upon demand by the Person exercising the rights under this Section, the Grantor shall promptly pay to such Person all Security Deposits under the Leases and all Rents allocable to any period after the occurrence of such Event
of Default. Subject to Section 5,02(a)(v) and Section 5.02(a)(vi) and any applicable requirement 

1-2-23 

 

 
  
 of law,
any Rents received hereunder by such Receiver shall be promptly paid to the Beneficiary, and any Rents received hereunder by the Beneficiary shall be deposited in the Collateral Account, to be held, applied and disbursed as provided in the Guarantee
and Collateral Agreement, provided that, subject to Section 5.02(a)(v) and Section 5.02(aKvi) and any applicable requirement of law, any Security Deposits actually received by such Receiver shall be promptly paid to the Beneficiary, and
any Security Deposits actually received by the Beneficiary shall be held, applied and disbursed as provided in the applicable Leases and applicable law. 
 (d) Nothing herein shall be construed to be an assumption by the Person exercising the rights under this Section, or otherwise to make such Person liable for the performance, of any of the
obligations of the Grantor under the Leases, provided that such Person shall be accountable as provided in Section 5.07(c) for any Rents or Security Deposits actually received by such Person. 

Section 5.08. Dealing with the Trust Property. Subject to Section 7.02, the Trustee and/or the Beneficiary shall
have the right to release any portion of the Trust Property to or at the request of the Grantor, for such consideration as the Beneficiary may require without, as to the remainder of the Trust Property, in any way impairing or affecting the Lien or
priority of this Deed of Trust, or improving the position of any subordinate lienholder with respect thereto, or the position of any guarantor, endorser, comaker or other obligor of the Obligations, except to the extent that the Obligations shall
have been reduced by any actual monetary consideration received for such release and applied to the Obligations, and may accept by assignment, pledge or otherwise any other property in place thereof as the Beneficiary may require without being
accountable therefor to any other lienholder. 
 Section 5.09. Information and Right of Entry. 

Upon reasonable request by the Beneficiary, the Grantor shall deliver to the Beneficiary promptly after such request or,
if requested by the Beneficiary, on a continuing or periodic basis, any information, certificates and documents with respect to the matters referred to in this Deed of Trust as the Grantor shall reasonably request. 

The Beneficiary and the representatives of the Beneficiary shall have the right, (i) without notice, if any Event of
Default has occurred and is continuing, (ii) with simultaneous notice, if any payment or performance is necessary in the opinion of me Beneficiary to preserve the Beneficiary’s rights under this Deed of Trust or with respect to the Trust
Property, or (iii) after reasonable notice, in all other cases, to enter upon the Property at reasonable times, and with reasonable frequency, to inspect the Trust Property or, subject to the provisions hereof, to exercise any right, power or
remedy of the Beneficiary hereunder, provided that any Person so entering the Property shall not unreasonably interfere with the ordinary conduct of the Grantor’s business, and provided further that no such entry on the Property, for the
purpose of performing obligations under Section 4.02 or for any other purpose, shall be construed to be (x) possession of the Property by such Person or to constitute such Person as a Beneficiary in possession, unless such Person exercises
its right to take possession of the Property under Section 5.02(a)(v), or (y) a cure of any Default or waiver of any Default. 
 ARTICLE 6 
 Security Agreement and Fixture Filing

 Section 6.01. Security Agreement. 

(a) To the extent that the Trust Property constitutes or includes personal property and equipment, including goods or
items of personal property or equipment which are or are to become fixtures under applicable law, the Grantor hereby grants a security interest therein (and any Proceeds there- 
 1-2-24 

 

 
  
 of) and
this Deed of Trust shall also be construed as a pledge and a security agreement under the UCC; and, if an Event of Default has occurred and is continuing, the Beneficiary shall be entitled with respect to such personal property and equipment to all
remedies available under the UCC, the Guarantee and Collateral Agreement and all other remedies available under applicable law. For purposes of this Article 6, “equipment” shall have the meaning assigned to such term in the UCC. Without
limiting the foregoing, any personal property or equipment may, at the Beneficiary’s option and, except as otherwise required by applicable law, without the giving of notice, (i) be sold hereunder or under the Guarantee and Collateral
Agreement, (ii) be sold pursuant to the UCC or (iii) be dealt with by the Beneficiary in any other manner permitted under applicable law. The Beneficiary may require the Grantor to assemble the personal property and make it available to
the Beneficiary at a place to be designated by the Beneficiary. If any Event of Default has occurred and is continuing, the Beneficiary shall be the attorney-in-fact of the Grantor with respect to any and all matters pertaining to the personal
property and equipment (and Proceeds thereof) with full power and authority to give instructions with respect to the collection and remittance of payments, to endorse checks, to enforce the rights and remedies of the Grantor and to execute on behalf
of the Grantor and in Grantor’s name any instruction, agreement or other writing required therefor. The Grantor acknowledges and agrees that a disposition of the personal property in accordance with the Beneficiary’s rights and remedies in
respect to the Property as heretofore provided is a commercially reasonable disposition thereof. Notwithstanding the foregoing, to the extent that the Trust Property includes Collateral (as defined in the Guarantee and Collateral Agreement), the
provisions of the Guarantee and Collateral Agreement shall govern with respect to such property. 
 (b) The
Grantor hereby authorizes the Beneficiary to file a Record or Records (as defined in the UCC), including, without limitation, financing or continuation statements, and amendments thereto, in all jurisdictions and with all filing offices as the
Beneficiary may determine, in its sole discretion, are necessary or advisable to perfect the lien and security interest granted to the Beneficiary herein. Such financing statements may describe the collateral in the same manner as described herein
or may contain an indication or description of collateral that describes such property in any other manner as the Beneficiary may determine, in its sole discretion, is necessary, advisable or prudent to ensure the perfection of the security interest
in the collateral granted to the Beneficiary herein. The Grantor constitutes the Beneficiary its attorney-in-fact to file any filings required or so requested for the foregoing purposes, all acts of such attorney being hereby ratified and confirmed;
and such power, being coupled with an interest, shall be irrevocable until all the Transaction Liens (as defined in the Guarantee and Collateral Agreement) terminate pursuant to the Loan Documents. The Grantor shall pay the costs of, or reasonable
costs incidental to, any recording or filing of any financing or continuation statements or other documents recorded or filed pursuant hereto concerning the collateral described herein. 

Section 6.02. Fixture Filing. To the extent that the Trust Property includes goods or items of personal property
which are or are to become fixtures under applicable law, and to the extent permitted under applicable law, the filing of this Deed of Trust in the real estate records of the county in which the Trust Property is located shall also operate from the
time of filing as a fixture filing with respect to such Trust Property, and the following information is applicable for the purpose of such fixture filing, to wit: 

	 (a)
	  
	 Name and Address of the debtor: 

c/o ADS Waste Holdings, Inc. 7915 Baymeadows Way, Suite 400 Jacksonville, Florida 32256 

1-2-25 

 

 
  

	 (b)
	  
	 Name and Address of the secured party: 

[Deutsche Bank Trust Company Americas 
 60 Wall Street 
 New York, NY 10005] 

This document covers goods or items of personal property which are or are to become fixtures upon the Property,

 The name of the record owner of the real estate on which such fixtures are or are to be located is Grantor.

 ARTICLE 7 
 Miscellaneous 
 Section 7,01. Concerning the
Beneficiary. 
 (a) The provisions of Article 8 of the Credit Agreement and Sections 19, 20 and 21 of the
Guarantee and Collateral Agreement are incorporated herein by reference as if fully restated herein and shall inure to the benefit of the Beneficiary in respect of this Deed of Trust and shall be binding upon the parties to the Credit Agreement in
such respect. In furtherance and not in derogation of the rights, privileges and immunities of the Beneficiary therein set forth: 
 (i) The Beneficiary is authorized to take all such action as is provided to be taken by it as Beneficiary hereunder and under any other Security Document and all other action incidental
thereto. As to any matters not expressly provided for herein (including the timing and methods of realization upon the Trust Property) the Beneficiary shall act or refrain from acting in accordance with written instructions from the Required Lenders
or, in the absence of such instructions, in accordance with its discretion, 
 (ii) The Beneficiary shall not be
responsible for the existence, genuineness or value of any of the Trust Property or for the validity, perfection, priority or enforceability of the lien of this Deed of Trust on any of the Trust Property, whether impaired by operation of law or by
reason of any action or omission to act on its part hereunder. The Beneficiary shall have no duty to ascertain or inquire as to the performance or observance of any of the terms of this Deed of Trust by the Grantor. 

(iii) For all purposes of the Security Documents the Beneficiary will be entitled to rely on information from (A) its
own records for information as to the Lenders, its Obligations and actions taken by it, (B) any Secured Party for information as to its Obligations and actions taken by it, to the extent that the Beneficiary has not obtained such information
from the foregoing sources, and (C) Grantor, to the extent that the Beneficiary has not obtained information from the foregoing sources. 
 (b) At any time or times, in order to comply with any Legal Requirement, the Beneficiary may appoint another bank or trust company or one or more other Persons, either to act as co-agent
or co-agents, jointly with the Beneficiary, or to act as separate agent or agents on behalf of the Lenders with such power and authority as may be necessary for the effectual operation of the provisions hereof and may be specified in the instrument
of appointment (which may, in the discretion of the Beneficiary, include provisions for the protection of such co-agent or separate agent similar to the provisions of this Section 7.01). 

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Section 7.02. Release of Trust Property. 
 This Deed of Trust and the security interest and Lien granted hereby shall cease, terminate and thereafter be of no further force or effect in the event all of the Release Conditions (as
defined in the Guarantee and Collateral Agreement) shall have been satisfied. 
 At any time and from time to
time, the Beneficiary may release all or a portion of the Trust Property from the lien of this Deed of Trust in connection with an asset disposition or release of the Grantor as permitted under the Credit Agreement. 

At any time and from time to time, the Beneficiary may release all or any part of the Trust Property from the lien of this
Deed of Trust with the prior written consent of the Required Lenders; provided that if any such release is in connection with a release of all or substantially all of the security for the Obligations, such release shall require the prior written
consent of all the Lenders. 
 The Beneficiary may request Grantor deliver and may conclusively rely on any
certificate delivered to it by the Borrower or the Grantor stating that the execution of such documents and release of the Trust Property is in accordance with and permitted by the terms of the Credit Agreement and this Deed of Trust. Upon any
termination of this Deed of Trust or release or reconveyance of Trust Property, or any portion thereof, the Beneficiary shall, at the expense of the Grantor, execute, acknowledge and deliver to the Grantor such documents, without warranty, as the
Grantor shall reasonably request to evidence the release of Trust Property or termination of this Deed of Trust, as the case may be. 
 Section 7.03. Notices. Each notice, request or other communication given to any party hereun-der shall be given in accordance with Section 9.01 of the Credit Agreement [and in
the case of Grantor, shall be given to it care of the Borrower]47. 
 Section 7.04. Amendments in Writing.
No provision of this Deed of Trust shall be modified, waived, amended or terminated, and no consent to any departure by the Grantor from any provision of this Deed of Trust shall be effective, unless the same shall be pursuant to an agreement or
agreements in writing entered into by the Beneficiary, with the consent of such Lenders as are required to consent thereto under Section 9.08 of the Credit Agreement. No such waiver, amendment or modification shall (i) be binding upon
Grantor, except with its written consent or (ii) affect the rights of a Secured Party (other than a Lender) hereunder more adversely than it affects the comparable rights of the Lenders hereunder, without the consent of such Secured Party.

 Section 7.05. Severability. All rights, powers and remedies provided in this Deed of Trust may be
exercised only to the extent that the exercise thereof does not violate applicable law, and all the provisions of this Deed of Trust are intended to be subject to all mandatory provisions of applicable law and to be limited to the extent necessary
so that they will not render this Deed of Trust illegal, invalid, unenforceable or not entitled to be recorded, registered or filed under applicable law. If any provision of this Deed of Trust or the application thereof to any Person or circumstance
shall, to any extent, be illegal, invalid or unenforceable, or cause this Deed of Trust not to be entitled to be recorded, registered or filed, the remaining provisions of this Deed of Trust or the application of such provision to other Persons or
circumstances shall not be affected thereby, and each provision of this Deed of Trust shall be valid and be enforced to the fullest extent permitted under applicable law. 
 To be inserted if Grantor is not the Borrower. 

1-2-27 

 

 
  

Section 7,06. Binding Effect. 
 The provisions of this Deed of Trust shall be binding upon and inure to the benefit of each of the parties hereto and their respective successors and assigns. 

To the fullest extent permitted under applicable law, the provisions of this Deed of Trust binding upon the Grantor shall
be deemed to be covenants which run with the land. 
 Section 7.07. Governing Law. THIS DEED OF TRUST SHALL
BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE IN WHICH THE PROPERTY 
 IS LOCATED, except
as otherwise required by mandatory provisions of law and except to the extent that remedies provided by the laws of any jurisdiction other than the State in which the Trust Property is located are governed by the laws of such jurisdiction.

 Section 7.08. Local Law Provisions. The terms and provisions set forth in Appendix A attached hereto are
incorporated by reference as though fully set forth herein. In the event of any conflict between the terms and provisions of the body of the Deed of Trust and the terms and provisions of Appendix A, the latter shall control. 

Section 7.09. Multisite Real Estate Transaction. The Grantor acknowledges that this Deed of Trust is one of a number
of mortgages, deeds of trust and other security documents (“Other Deeds of Trust”) that secure the Obligations. Grantor agrees that the lien of this Deed of Trust shall be absolute and unconditional and shall not in any manner be affected
or impaired by any acts or omissions whatsoever of Beneficiary, and without limiting the generality of the foregoing, the lien hereof shall not be impaired by any acceptance by the Beneficiary of any security for or guarantees of the Obligations, or
by any failure, neglect or omission on the part of Beneficiary to realize upon or protect any Obligation or any collateral security therefor including the Other Deeds of Trust. The lien hereof shall not in any manner be impaired or affected by any
release (except as to the property released), sale, pledge, surrender, compromise, settlement, renewal, extension, indulgence, alteration, changing, modification or disposition of any of the Obligations or of any of the collateral security therefor,
including the Other Deeds of Trust or of any guarantee thereof, and, to the fullest extent permitted by applicable law, Beneficiary may at its discretion foreclose, exercise any power of sale, or exercise any other remedy available to it under any
or all of the Other Deeds of Trust without first exercising or enforcing any of its rights and remedies hereunder. Such exercise of Beneficiary’s rights and remedies under any or all of the Other Deeds of Trust shall not in any manner impair
the indebtedness hereby secured or the hen of this Deed of Trust and any exercise of the rights or remedies of Beneficiary hereunder shall not impair the lien of any of the Other Deeds of Trust or any of Deed of Trust’s rights and remedies
thereunder. To the fullest extent permitted by applicable law, Grantor specifically consents and agrees the Beneficiary may exercise its rights and remedies hereunder and under the Other Deeds of Trust separately or concurrently and in any order
that it may deem appropriate and waives any rights of subrogation. 
 Section 7.10. Intentionally deleted

 Section 7.11, Trustee. 
 The Beneficiary hereby irrevocably appoints the Trustee to act in that capacity hereunder and the Trustee hereby accepts such appointment. The Beneficiary hereby irrevocably ratifies and
confirms all acts which the Trustee shall lawfully take in accordance with the provisions hereof. 
 The Trustee
may, at its option, resign as trustee hereunder by notice given to the Beneficiary, and such resignation shall be effective on the earlier to occur of the date which is 30 days 
 1-2-28 

 

 
  
 after the
date on which the Trustee gives such notice to the Beneficiary or the date on which a successor trustee is appointed by the Beneficiary and accepts such appointment. 
 The Beneficiary may, at its option, with or without cause or notice, remove the Trustee, appoint a successor trustee or appoint an additional trustee or trustees (including a separate
trustee for each jurisdiction in which the Trust Property is located) hereunder by an instrument in writing executed and acknowledged by the Beneficiary and accepted by such successor or additional trustee and recorded, registered or filed in the
real estate records of the jurisdiction in which the Trust Property affected by such instrument is located; and, thereupon, without further act, deed or conveyance, such substitute or additional trustee shall be fully vested with all estate, right,
title and interest of its predecessor or co-trustee in, to, under or derived from the Trust Property and all rights, powers, privileges and obligations of such predecessor or co-trustee, with the same effect as if such successor or additional
trustee had originally been named as trustee or co-trustee hereunder. The execution, acknowledgment and recording, registration or filing of such an instrument shall be conclusive evidence against the Grantor and all other Persons of the proper
removal of the Trustee and substitution or addition of the successor or additional trustee; and, if the Beneficiary or such successor or additional trustee is a corporation, the execution and acknowledgment by an officer of such corporation shall be
conclusive evidence against all other Persons of the due authorization, execution and delivery thereof by such corporation. 
 Notwithstanding anything herein to the contrary, the Trustee shall not exercise or waive the exercise of any of its rights, powers or remedies hereunder or otherwise act or refrain from
acting hereunder unless directed to do so by the Beneficiary, and the Trustee shall exercise or waive the exercise of any of its rights, powers or remedies hereunder and otherwise act or refrain from acting when and in the manner directed by the
Beneficiary, provided that the Trustee (i) shall not be required to follow any direction of the Beneficiary if the Trustee has been advised by counsel that such action would violate applicable law, (ii) shall not be required to expend or
risk its own funds or otherwise incur any financial liability in connection with such action if it has grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not assured to it, and (iii) shall
be entitled to exercise its rights under Section 7.11 without such direction by the Beneficiary. 
 The
Trustee shall be entitled to receive, and the Grantor shall pay, reasonable and customary compensation to the Trustee for its services rendered hereunder after any Event of Default and reimbursement to the Trustee for its expenses (including
attorneys’ fees and expenses) in connection herewith or the exercise of any right, power or remedy hereunder. 
 The Trustee shall not be liable with respect to any act taken or omitted by it in good faith in accordance with any direction of the Beneficiary. Except for willful misconduct or gross
negligence, the Trustee shall not be liable (i) in acting upon any direction, demand, request, notice, statement or other document believed by it in good faith to be genuine and delivered by the Person empowered to do so, (ii) for any
error in judgment or mistake of fact or law made in good faith, or (iii) for any action taken or omitted by it in accordance with the provisions of this Deed of Trust. The Trustee shall not be responsible to see to the recording, registration
or filing of this Deed of Trust or any financing statement relating hereto in any jurisdiction or for the payment of any fees, charges or taxes in connection therewith. No co-trustee hereunder shall be liable for any act or omission of any other
co-trustee. 
 All moneys received by the Trustee hereunder (other than amounts payable to the Trustee pursuant
to Section 7.11 shall be held by the Trustee in trust for the purposes for which such moneys were received; and, except as provided herein or under mandatory provisions of applicable law, the Trustee need not segregate such moneys from any
other moneys and shall have no liability to pay interest thereon, except such interest as it may actually earn thereon. 
 1-2-29 

 

 
  
 [Remainder
of Page Intentionally Blank] 
 1-2-30 

 

 
  
 EN WITNESS
WHEREOF, the Grantor has executed and delivered this Deed of Trust as of the day first set forth above. 
 [NAME
OF GRANTOR] 
 By: 
 Name: Title: 
 [ATTEST: 

Name: 
 Title: ] 
 1-2-1 

 

 
  
 [Add State
form of acknowledgment] 
 1-2-2 

 

 
  
 EXHIBIT A

 Description of the Land 
 1-2-3 

 

 
  
 EXHIBIT B

 Permitted Encumbrances 
 Each of the liens and other encumbrances excepted as being prior to the Lien hereof as set forth in Schedule B to the marked [Pro Forma Policy] issued by [Title Insurance Company], dated
as of the date hereof and delivered to Collateral Agent on the date hereof, bearing [Title Insurance Company] reference number [Title Number] relating to the real property described in Exhibit A attached hereto. 

 

 
  
 Appendix A
Local Law Provisions 
 1-2-5 

 

 
  
 EXHIBIT
J-l 
 [Form of] TERM NOTE 
 $ New York, New York 
 [Date] 

FOR VALUE RECEIVED, the undersigned, [ADS WASTE ESCROW CORP. II, a Delaware corporation (which, on the Acquisition Date,
shall be merged with and into ADS Waste Holdings, Inc.)][ADS WASTE HOLDINGS, INC.], a Delaware corporation, (the “Borrower”), hereby promises to 
 pay to [ ] or its registered assigns (the “Lender”) on the Term Loan Maturity Date 
 (as defined in the Credit Agreement referred to below) in lawful money of the United States and in immediately available funds, the principal amount DOLLARS ($ ), or, if less, the

 aggregate unpaid principal amount of all Term Loans of the Lender outstanding under the Credit Agreement
referred to below, which sum shall be due and payable in such amounts and on such dates as are set forth in the Credit Agreement. The Borrower further agrees to pay interest in like money at such office specified in Section 2.19 of the Credit
Agreement on the unpaid principal amount hereof from time to time from the date hereof at the rates, and on the dates, specified in Section 2.06 of such Credit Agreement. 
 The Lender may endorse and attach a schedule to reflect the date, Type and amount of each Term Loan of the Lender outstanding under the Credit Agreement, the date and amount of each
payment or prepayment of principal hereof, and the date of each interest rate conversion or continuation pursuant to Section 2.10 of the Credit Agreement and the principal amount subject thereto; provided that the failure of the Lender to make
any such recordation (or any error in such recordation) shall not affect the obligations of the Borrower hereunder or under the Credit Agreement. 
 This Term Note is one of the Notes referred to in the Credit Agreement, dated as of October 9, 
 2012 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among ADS WASTE ESCROW CORP. II, a Delaware corporation, as
Escrow Borrower, ADS WASTE HOLDINGS INC., as Borrower upon the Acquisition Date, ADVANCED DISPOSAL WASTE HOLDINGS CORP., a Delaware corporation, as Intermediate Holdings upon the Acquisition Date, the Lenders from time to time party thereto,
DEUTSCHE BANK TRUST COMPANY AMERICAS, as Administrative Agent and as Collateral Agent and the other parties thereto, is subject to the provisions thereof and is subject to optional and mandatory prepayments in whole or in part as provided therein.
Terms used herein which are defined in the Credit Agreement shall have such defined meanings unless otherwise defined herein or unless the context otherwise requires. 
 This Term Note is secured and guaranteed as provided in the Credit Agreement and the Security Documents. Reference is hereby made to the Credit Agreement and the Security Documents for a
description of the properties and assets in which a security interest has been granted, the nature and extent of the security and guarantees, the terms and conditions upon which the security interest and each guarantee was granted and the rights of
the holder of this Term Note in respect thereof. 
 During the continuance of any one or more of the Events of
Default specified in the Credit Agreement, all amounts then remaining unpaid on this Term Note may be declared to be immediately due and payable all as provided in Section 7.01 thereof. 

K-l-1 

 

 
  
 All
parties now and hereafter liable with respect to this Term Note, whether maker, principal, surety, guarantor, endorser or otherwise, hereby waive presentment, demand, protest and all other notices of any kind. 

THIS TERM NOTE MAY NOT BE TRANSFERRED EXCEPT IN COMPLIANCE WITH THE TERMS OF THE CREDIT AGREEMENT. TRANSFERS OF THIS TERM
NOTE MUST BE RECORDED IN THE REGISTER MAINTAINED BY THE ADMINISTRATIVE AGENT PURSUANT TO THE TERMS OF THE CREDIT AGREEMENT. 
 THIS TERM NOTE AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS TERM NOTE (INCLUDING, WITHOUT LIMITATION, ANY CLAIMS SOUNDING IN CONTRACT LAW OR TORT LAW ARISING OUT
OF THE SUBJECT MATTER HEREOF) SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. 
 [Signature Page Follows] 
 K-l-2 

 

 
  
 [ADS WASTE
ESCROW CORP. II] [ADS WASTE HOLDINGS, INC.] as Borrower 
 By: 

Name: Title: 
 K-l-3 

 

 
  
 EXHIBIT
J-2 
 [Form of] REVOLVING NOTE 
 $ New York, New York 
 [Date] 

FOR VALUE RECEIVED, the undersigned, [ADS WASTE ESCROW CORP. II, a Delaware coiporation (which, on the Acquisition Date,
shall be merged with and into ADS Waste Holdings, Inc.)][ADS WASTE HOLDINGS, INC.], a Delaware corporation, the “Borrower”), hereby promises to pay to [ ] or its registered assigns (the “Lender”) on the Revolving Credit Maturity
Date (as de fined in the Credit Agreement referred to below), in lawful money of the United States and in immediately available funds, the principal amount of the lesser of (a) DOLLARS ($ ) 

and (b) the aggregate unpaid principal amount of all Revolving Loans of the Lender outstanding under the Credit
Agreement referred to below. The Borrower further agrees to pay interest in like money at such office specified in Section 2.19 of the Credit Agreement on the unpaid principal amount hereof from time to time from the date hereof at the rates,
and on the dates, specified in Section 2.06 of such Credit Agreement. 
 The Lender may endorse and attach a
schedule to reflect the date, Type and amount of each Revolving Loan of the Lender outstanding under the Credit Agreement, the date and amount of each payment or prepayment of principal hereof, and the date of each interest rate conversion or
continuation pursuant to Section 2.10 of the Credit Agreement and the principal amount subject thereto; provided that the failure of the Lender to make any such recordation (or any error in such recordation) shall not affect the obligations of
the Borrower hereunder or under the Credit Agreement. 
 This Revolving Note is one of the Notes referred to in
the Credit Agreement, dated as of October 9, 2012 (as amended, amended and restated, supplemented or otherwise modified from time to time, the ‘“Credit Agreement), among ADS WASTE ESCROW CORP. II, a Delaware corporation, as Escrow
Borrower, ADS WASTE HOLDINGS INC., as Borrower upon the Acquisition Date, ADVANCED DISPOSAL WASTE HOLDINGS CORP., a Delaware corporation, as Intermediate Holdings upon the Acquisition Date, the Lenders from time to time party thereto, DEUTSCHE BANK
TRUST COMPANY AMERICAS, as Administrative Agent and as Collateral Agent and the other parties thereto, is subject to the provisions thereof and is subject to optional and mandatory prepayment in whole or in part as provided therein. Terms used
herein which are defined in the Credit Agreement shall have such defined meanings unless otherwise defined herein or unless the context otherwise requires. 
 This Revolving Note is secured and guaranteed as provided in the Credit Agreement and the Security Documents. Reference is hereby made to the Credit Agreement and the Security Documents
for a description of the properties and assets in which a security interest has been granted, the nature and extent of the security and guarantees, the terms and conditions upon which the security interest and each guarantee was granted and the
rights of the holder of this Revolving Note in respect thereof. 
 During the continuance of any one or more of
the Events of Default specified in the Credit Agreement, all amounts then remaining unpaid on this Revolving Note may be declared to be immediately due and payable, all as provided in Section 7.01 thereof. 

K-2-1 

 

 
  
 All
parties now and hereafter liable with respect to this Revolving Note, whether maker, principal, surety, guarantor, endorser or otherwise, hereby waive presentment, demand, protest and all other notices of any kind. 

THIS REVOLVING NOTE MAY NOT BE TRANSFERRED EXCEPT IN COMPLIANCE WITH THE TERMS OF THE CREDIT AGREEMENT. TRANSFERS OF THIS
REVOLVING NOTE MUST BE RECORDED IN THE REGISTER MAINTAINED BY THE ADMINISTRATIVE AGENT PURSUANT TO THE TERMS OF THE CREDIT AGREEMENT. 
 THIS REVOLVING NOTE AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS REVOLVING NOTE (INCLUDING, WITHOUT LIMITATION, ANY CLAIMS SOUNDING IN CONTRACT LAW OR TORT LAW
ARISING OUT OF THE SUBJECT MATTER HEREOF) SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. 
 [Signature Page Follows] 
 K-2-2 

 

 
  
 [ADS WASTE
ESCROW CORP. II] [ADS WASTE HOLDINGS, INC.] 
 as Borrower 

By: 
 Name: Title: 
 K-2-1 

 

 
  
 EXHIBIT
J-3 
 [Form of] SWINGLINE NOTE 
 $ New York, New York 
 [Date] 

FOR VALUE RECEIVED, the undersigned, [ADS WASTE ESCROW CORP. II, a Delaware corporation (which, on the Acquisition Date,
shall be merged with and into ADS Waste Holdings, Inc.)][ADS WASTE HOLDINGS, INC.], a Delaware corporation, the “Borrower”), hereby promises to 
 pay to [ ] or its registered assigns (the “Lender”) on the earlier of (x) the date ten Business 
 Days after the applicable Swingline Loan (as defined in the Credit Agreement referred to below) is made and (y) the Revolving Credit Maturity Date (as defined in the Credit Agreement
referred to below), in lawful money of the United States and in immediately available funds, the principal amount of 
 DOLLARS ($ __). The Borrower further agrees to pay interest in like money 
 at such office specified in Section 2.19 of the Credit Agreement on the unpaid principal amount hereof from time to time from the date hereof at the rates, and on the dates, specified
in Section 2.06 of such Credit Agreement. 
 The Lender may endorse and attach a schedule to reflect the
date and amount of each Swingline Loan of the Lender outstanding under the Credit Agreement and the date and amount of each payment or prepayment of principal hereof; provided that the failure of the Lender to make any such recordation (or any error
in such recordation) shall not affect the obligations of the Borrower hereunder or under the Credit Agreement. 

This Swingline Note is one of the Notes referred to in the Credit Agreement, dated as of October 9, 2012 (as amended,
amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among ADS WASTE ESCROW CORP. II, a Delaware corporation, as Escrow Borrower, ADS WASTE HOLDINGS INC., as Borrower upon the Acquisition
Date, ADVANCED DISPOSAL WASTE HOLDINGS CORP., a Delaware corporation, as Intermediate Holdings upon the Acquisition Date, the Lenders from time to time party thereto, DEUTSCHE BANK TRUST COMPANY AMERICAS, as Administrative Agent and as Collateral
Agent and the other parties thereto, is subject to the provisions thereof and is subject to optional and mandatory prepayment in whole or in part as provided therein. Terms used herein which are defined in the Credit Agreement shall have such
defined meanings unless otherwise defined herein or unless the context otherwise requires. 
 This Swingline Note
is secured and guaranteed as provided in the Credit Agreement and the Security Documents. Reference is hereby made to the Credit Agreement and the Security Documents for a description of the properties and assets in which a security interest has
been granted, the nature and extent of the security and guarantees, the terms and conditions upon which the security interest and each guarantee was granted and the rights of the holder of this Swingline Note in respect thereof. 

During the continuance of any one or more of the Events of Default specified in the Credit Agreement, all amounts then
remaining unpaid on this Swingline Note may be declared to be immediately due and payable, all as provided in Section 7.01 thereof. 
 K-3-1 

 

 
  
 All
parties now and hereafter liable with respect to this Swingline Note, whether maker, principal, surety, guarantor, endorser or otherwise, hereby waive presentment, demand, protest and all other notices of any kind. 

THIS SWINGLINE NOTE MAY NOT BE TRANSFERRED EXCEPT IN COMPLIANCE WITH THE TERMS OF THE CREDIT AGREEMENT. TRANSFERS OF THIS
SWINGLINE NOTE MUST BE RECORDED IN THE REGISTER MAINTAINED BY THE ADMINISTRATIVE AGENT PURSUANT TO THE TERMS OF THE CREDIT AGREEMENT. 
 THIS SWINGLINE NOTE AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS SWINGLINE NOTE (INCLUDING, WITHOUT LIMITATION, ANY CLAIMS SOUNDING IN CONTRACT LAW OR TORT LAW
ARISING OUT OF 
 THE SUBJECT MATTER HEREOF) SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF
THE STATE OF NEW YORK. 
 [Signature Page Follows] 

K-3-2 

 

 
  
 [ADS WASTE
ESCROW CORP. II] [ADS WASTE HOLDINGS, INC.] as Borrower 
 By: 

Name: Title: 
 K-3-3 

 

 
  
 EXHIBIT
K-l 
 [Form of] U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Lenders That Are Not Treated As Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Credit Agreement, dated as of October 9, 2012 (as amended, amended and restated,
supplemented or otherwise modified from time to time, the “Credit Agreement”), among ADS WASTE ESCROW CORP. II, a Delaware corporation, as Escrow Borrower, ADS WASTE HOLDINGS INC., as Borrower upon the Acquisition Date, ADVANCED DISPOSAL
WASTE HOLDINGS CORP., a Delaware corporation, as Intermediate Holdings upon the Acquisition Date, the Lenders from time to time party thereto, DEUTSCHE BANK TRUST COMPANY AMERICAS, as Administrative Agent and as Collateral Agent and the other
parties thereto. 
 Pursuant to the provisions of Section 2.20(f) of the Credit Agreement, the undersigned
hereby certifies that (i) it is the sole record and beneficial owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of
Section 881(c)(3)(A) of the Code, (iii) it is not a ten percent shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the Code, (iv) it is not a “controlled foreign corporation” related to the
Borrower as described in Section 881(c)(3)(C) of the Code, and (v) no payments in connection with any Loan Document are effectively connected with the undersigned’s conduct of a U.S. trade or business. 

The undersigned has furnished the Administrative Agent and the Borrower with a certificate of its non-U.S. Person status
on IRS Form W-8BEN. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform the Borrower and the Administrative Agent, and (2) the
undersigned shall have at all times furnished the Borrower and the Administrative Agent with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of
the two calendar years preceding such payments. 
 Unless otherwise defined herein, terms defined in the Credit
Agreement and used herein shall have the meanings given to them in the Credit Agreement. 
 [NAME OF LENDER]

 By: 
 Name: Title: 
 Date: ,201[ ] 

L-l-1 

 

 
  
 EXHIBIT
K-2 
 [Form of] U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Participants That Are Not Treated As Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Credit Agreement, dated as of October 9, 2012 (as amended, amended and restated,
supplemented or otherwise modified from time to time, the “Credit Agreement”), among ADS WASTE ESCROW CORP. II, a Delaware corporation, as Escrow Borrower, ADS WASTE HOLDINGS INC., as Borrower upon the Acquisition Date, ADVANCED DISPOSAL
WASTE HOLDINGS CORP., a Delaware corporation, as Intermediate Holdings upon the Acquisition Date, the Lenders from time to time party thereto, DEUTSCHE BANK TRUST COMPANY AMERICAS, as Administrative Agent and as Collateral Agent and the other
parties thereto. 
 Pursuant to the provisions of Section 2.20(f) of the Credit Agreement, the undersigned
hereby certifies that (i) it is the sole record and beneficial owner of the participation in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of Section 881(c)(3)(A) of the Code,
(iii) it is not a ten percent shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the Code, (iv) it is not a “controlled foreign corporation” related to the Borrower as described in
Section 881(c)(3)(C) of the Code, and (v) no payments in connection with any Loan Document are effectively connected with the undersigned’s conduct of a U.S. trade or business. 

The undersigned has furnished its participating Lender with a certificate of its non-U.S. Person status on IRS Form
W-8BEN. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender in writing, and (2) the undersigned shall have at all
times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 

Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to
them in the Credit Agreement. 
 [NAME OF PARTICIPANT] 

By: 
 Name: Title: 
 Date: ,201[ ] 

L-2-1 

 

 
  
 EXHIBIT
K-3 
 [Form of] U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Participants That Are Treated As Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Credit Agreement, dated as of October 9, 2012 (as amended, amended and restated,
supplemented or otherwise modified from time to time, the “Credit Agreement”), among ADS WASTE ESCROW CORP. II, a Delaware corporation, as Escrow Borrower, ADS WASTE HOLDINGS INC., as Borrower upon the Acquisition Date, ADVANCED DISPOSAL
WASTE HOLDINGS CORP., a Delaware corporation, as Intermediate Holdings upon the Acquisition Date, the Lenders from time to time party thereto, DEUTSCHE BANK TRUST COMPANY AMERICAS, as Administrative Agent and as Collateral Agent and the other
parties thereto. 
 Pursuant to the provisions of Section 2.20(f) of the Credit Agreement, the undersigned
hereby certifies that (i) it is the sole record owner of the participation in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such participation,
(iii) neither the undersigned nor any of its direct or indirect partners/members is a bank within the meaning of Section 881 (c)(3)(A) of the Code, (iv) none of its direct or indirect partners/members is a ten percent shareholder of
the Borrower within the meaning of Section 871(h)(3)(B) of the Code, (v) none of its direct or indirect partners/members is a “controlled foreign corporation” related to the Borrower as described in Section 881(c)(3)(C) of
the Code, and (v) no payments in connection with any Loan Document are effectively connected with the undersigned’s or its partners/members’ conduct of a U.S. trade or business. 

The undersigned has furnished its participating Lender with IRS Form W-8IMY accompanied by one of the following forms from
each of its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or (ii) an IRS Form W-8MY accompanied by an IRS Form W-8BEN from each of such partner’s/member’s beneficial owners that is
claiming the portfolio interest exemption. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender and (2) the undersigned
shall have at all times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such
payments. 
 Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have
the meanings given to them in the Credit Agreement. 
 [NAME OF PARTICIPANT] 

By: 
 Name: 
 Date: ,201[] 

L-3-1 

 

 
  
 EXHIBIT
K-4 
 [Form of] U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Lenders That Are Treated As Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Credit Agreement, dated as of October 9, 2012 (as amended, amended and restated,
supplemented or otherwise modified from time to time, the “Credit Agreement’), among ADS WASTE ESCROW CORP. II, a Delaware corporation, as Escrow Borrower, ADS WASTE HOLDINGS INC., as Borrower upon the Acquisition Date, ADVANCED DISPOSAL
WASTE HOLDINGS CORP., a Delaware corporation, as Intermediate Holdings upon the Acquisition Date, the Lenders from time to time party thereto, DEUTSCHE BANK TRUST COMPANY AMERICAS, as Administrative Agent and as Collateral Agent and the other
parties thereto. 
 Pursuant to the provisions of Section 2.20(f) of the Credit Agreement, the undersigned
hereby certifies that (i) it is the sole record owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole
beneficial owners of such Loan(s) (as well as any Note(s) evidencing such Loan(s)), (iii) neither the undersigned nor any of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the
ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code, (iv) none of its direct or indirect partners/members is a ten percent shareholder of the Borrower within the meaning of
Section 871(h)(3)(B) of the Code, (v) none of its direct or indirect partners/members is a “controlled foreign corporation” related to the Borrower as described in Section 881(c)(3)(C) of the Code, and (v) no payments
in connection with any Loan Document are effectively connected with the undersigned’s or its direct or indirect partners/members’ conduct of a U.S. trade or business. 
 The undersigned has furnished the Administrative Agent and the Borrower with IRS Form W-8IMY accompanied by one of the following forms from each of its partners/members that is claiming
the portfolio interest exemption: (i) an IRS Form W-8BEN or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN from each of such partner’s/member’s beneficial owners that is claiming the portfolio interest exemption. By
executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform the Borrower and the Administrative Agent, and (2) the undersigned shall have at
all times furnished the Borrower and the Administrative Agent with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years
preceding such payments. 
 M-l-1 

 

 
  
 Unless
otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement. 
 [NAME OF LENDER] 
 By: 

Name: Title: 
 Date: ,201[] 
 M-l-2 

 

 
  
 EXHIBIT L

 [Form of] 
 SOLVENCY CERTIFICATE 
 [ ], 2012 

This Solvency Certificate (this “Certificate”) is furnished to the Administrative Agent and the Lenders pursuant
to Section 4.02(k) of the Credit Agreement, dated as of October 9, 2012 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among ADS WASTE ESCROW CORP. II, a Delaware
corporation, as Escrow Borrower, ADS WASTE HOLDINGS INC., as Borrower upon the Acquisition Date, ADVANCED DISPOSAL WASTE HOLDINGS CORP., a Delaware corporation, as Intermediate Holdings upon the Acquisition Date, the Lenders from time to time party
thereto, DEUTSCHE BANK TRUST COMPANY AMERICAS, as Administrative Agent and as Collateral Agent and the other parties thereto. Unless otherwise defined herein, capitalized terms used in this Certificate shall have the meanings set forth in the Credit
Agreement. 
 I, [ ], the [Responsible Officer] of Intermediate Holdings, in that capacity only 

and not in my individual capacity (and without personal liability), DO HEREBY CERTIFY on behalf of the Borrower that as of
the date hereof, after giving effect to the consummation of the Transactions (including the execution and delivery of the Merger Agreement and the Credit Agreement, the making of the Loans and the use of proceeds of such Loans on the date hereof):

 The sum of the liabilities (including contingent liabilities) of the Loan Parties, taken as a whole, on a
consolidated basis, does not exceed the present fair saleable value of the assets of the Loan Parties, taken as a whole, on a consolidated basis. 
 The present fair saleable value of the assets of the Loan Parties, taken as a whole, on a consolidated basis, is greater than the total amount that will be required to pay the probable
liabilities (including contingent liabilities) of the Loan Parties, taken as a whole, on a consolidated basis, as they become absolute and matured. 
 The capital of the Loan Parties, taken as a whole, on a consolidated basis, is not unreasonably small in relation to their business as conducted on the date hereof. 

The Loan Parties, taken as a whole, on a consolidated basis, have not, giving effect to the Transactions, incurred debts
or other liabilities, including current obligations, beyond their ability to pay such debts or other liabilities as they become due (whether at maturity or otherwise). 
 The Loan Parties, taken as a whole, on a consolidated basis, are able to pay their debts and liabilities, contingent obligations and other commitments as they mature in the ordinary course
of business. 
 For purposes of this Certificate, the amount of any contingent liability has been computed as the
amount that, in light of all of the facts and circumstances known to the undersigned as of the date hereof, represents the amount that can reasonably be expected to become an actual or matured liability. 

In reaching the conclusions set forth in this Certificate, the undersigned has (i) reviewed the Credit Agreement and
other Loan Documents referred to therein, (ii) reviewed the financial statements (including the pro forma financial statements) referred to in Section 4.02(j) of the Credit Agreement 

N-l 

 

 
  
 (the
“Financial Statements”) and (iii) made such other investigations and inquiries as the undersigned has deemed reasonably appropriate. 
 8. The undersigned confirms and acknowledges that the Administrative Agent and the 
 Lenders are relying on the truth and accuracy of this Certificate in connection with the Commitments and Loans under the Credit Agreement. 

[Remainder of Page Intentionally Left Blank] 
 N-2 

 

 
  
 EN WITNESS
WHEREOF, I have executed this Certificate as of the date first written above. 
 ADVANCED DISPOSAL WASTE HOLDINGS
CORP. 
 By: 
 Name: 
 Title: [Responsible Officer] 

N-3 

 

 
  
 EXHIBIT M

 [Form of] LETTER OF CREDIT REPORT 
 [Letterhead of Issuing Bank] Date: ,201 
 Deutsche
Bank Trust Company Americas, as Administrative Agent 5022 Gate Parkway, Suite 200 Jacksonville, Florida 32256 Attention: SaraPelton Fax No. (904) 779-3080 
 Current Letters of Credit Outstanding for ADS WASTE HOLDINGS, INC. 
 Current Closure/Post Auto 
 Beneficiary LC# Issue
Date Expiry Date Outstanding Type Closure Extension 
 Total: $[ ] 

O-l 

 

 
  
 EXHIBIT N
FORM OF LETTER OF CREDIT NOTICE 
 Dated 48 

Deutsche Bank Trust Company Americas as Administrative Agent for the Lenders party to the Credit Agreement referred to
below 
 5022 Gate Parkway, Suite 200 
 Jacksonville, Florida 32256 
 Attention: Sara
Pelton Fronting Bank: { ff 
 Dear Ladies and Gentlemen: 

We hereby request that the Issuing Bank, in its individual capacity, issue a [standby] [trade] Letter of Credit for the
account of the undersigned on [ ]^ (the “Date of Issuance”), which Letter of Credit shall be denominated in United States Dollars and shall be in the aggregate amount of [ 

For the purposes of this Letter of Credit Request, unless otherwise defined herein, all capitalized terms used herein and
defined in the Credit Agreement shall have the respective meaning provided such terms in the Credit Agreement, 

The beneficiary of the requested Letter of Credit will be { £, and such Letter of Credit will be in support of {
£ and will have a stated expiration date off f\ 
 Date of Letter of Credit Request. On or after the
Initial Borrowing Date and prior to the 5th day prior to the Revolving Loan Maturity Date. 
 49 

If standby Letter of Credit is to be issued by Deutsche Bank Trust Company Americas insert: Deutsche Bank Trust Company
Americas, Global Loan Operations, Standby Letter of Credit Unit, 60 Wall Street, New York, New York 10005, MS NYC 60-3812. For standby Letters of Credit to be issued by other Issuing Bank insert name and address of applicable Issuing Bank.

 50 Date of Issuance, which shall be at least two (2) Business Days from the date hereof (or such shorter
period 
 as is reasonably acceptable to the Issuing Bank). 

Aggregate initial amount of the Letter of Credit. 
 Insert name and address of beneficiary. 
 Insert
brief description of supportable obligations. 
 54 Insert the last date upon which drafts may be presented which
may not be later dian the dates referred to in 

 

 
  
 We hereby
certify that: 
 the representations and warranties contained in the Credit Agreement and in the other Credit
Documents are and will be true and correct in all material respects, both before and after giving effect to the issuance of the Letter of Credit requested hereby, on the Date of Issuance (it being understood and agreed that any representation or
warranty which by its terms is made as of a specified date shall be required to be true and correct in all material respects only as of such specified date); and 
 no Default or Event of Default has occurred and is continuing nor, after giving effect to the issuance of the Letter of Credit requested hereby, would such a Default or an Event of Default
occur. 
 By 
 Name: Title: 
 Section 2.23(c) of the Credit
Agreement. 
 -3- 

 

 
  
 EXHIBIT O
AUCTION PROCEDURES 
 [Form of] AUCTION PROCEDURES 

This outline is intended to summarize certain basic terms of procedures with respect to Dutch Auctions pursuant to and in
accordance with the terms and conditions of Section 9.04(1) of the Credit Agreement to which this Exhibit O is attached. It is not intended to be a definitive list of all of the terms and conditions of a Dutch Auction and all such terms and
conditions shall be set forth in the applicable auction procedures documentation set for each Dutch Auction (the “Offer Documents “). None of the Administrative Agent, Deutsche Bank (or, ifDeustche Bank declines to act in such capacity, an
investment bank of recognized standing selected by the Borrower) (the “Auction Manager”) or any of their respective Affiliates makes any recommendation pursuant to the Offer Documents as to whether or not any Term Lender should sell by
assignment any of its Term Loans pursuant to the Offer Documents (including, for the avoidance of doubt, by participating in the Dutch Auction as a Term Lender) or whether or not Intermediate Holdings, the Borrower or any Restricted Subsidiary
should purchase by assignment any Term Loans from any Term Lender pursuant to any Dutch Auction. Each Term Lender should make its own decision as to whether to sell by assignment any of its Term Loans and, if so, the principal amount of and price to
be sought for such Term Loans. In addition, each Term Lender should consult its own attorney, business advisor or tax advisor as to legal, business, tax and related matters concerning any Dutch Auction and the Offer Documents. Capitalized terms not
otherwise defined in this Exhibit O have the meanings assigned to them in the Credit Agreement. 
 Summary.
Intermediate Holdings, the Borrower and any Restricted Subsidiary may purchase (by assignment) Term Loans on a non-pro rata basis by conducting one or more Dutch Auctions pursuant to the procedures described herein; provided that no more than one
Dutch Auction may he ongoing at any one time and no more than four Dutch Auctions may be made in any period of four consecutive fiscal quarters of the Borrower. 
 Notice Procedures. In connection with each Dutch Auction, Intermediate Holdings, the Borrower or the applicable Restricted Subsidiary (as applicable) (the “Offeror”) will provide
notification to the Auction Manager (for distribution to the Term Lenders) of the Term Loans that will be the subject of the Dutch Auction by delivering to the Auction Manager a written notice in form and substance reasonably satisfactory to the
Auction Manager (an “Auction Notice”). Each Auction Notice shall contain (i) the maximum principal amount of Term Loans the Offeror is willing to purchase (by assignment) in the Dutch Auction (the “Auction Amount”), which
shall be no less than $5,000,000 or an integral multiple of $1,000,000 in excess of thereof, (ii) the range of discounts to par (the “Discount Range”), expressed as a range of prices per $1,000, at which the Offeror would be willing
to purchase Term Loans in the Dutch Auction and (iii) the date on which the Dutch Auction will conclude, on which date Return Bids (as defined below) will be due at the time provided in the Auction Notice (such time, the “Expiration
Time”), as such date and time may be extended upon notice by the Offeror to the Auction Manager not less than 24 hours before the original Expiration Time. The Auction Manager will deliver a copy of the Offer Documents to each Term Lender
promptly following completion thereof. 
 Reply Procedures. In connection with any Dutch Auction, each Term
Lender holding Term Loans wishing to participate in such Dutch Auction shall, prior to the Expiration Time, provide the Auction Manager with a notice of participation in form and substance reasonably satisfactory to the Auction 

 

 
  
 Manager
(the “Return Bid” to be included in the Offer Documents) which shall specify (i) a discount to par that must be expressed as a price per $1,000 of Term Loans (the “Reply Price”) within the Discount Range and (ii) the
principal amount of Term Loans, in an amount not less than $1,000,000, that such Term Lender is willing to offer for sale at its Reply Price (the “Reply Amount”); provided, that each Term Lender may submit a Reply Amount that is less than
the minimum amount and incremental amount requirements described above only if the Reply Amount comprises the entire amount of the Term Loans held by such Term Lender at such time. A Term Lender may only submit one Return Bid per Dutch Auction, but
each Return Bid may contain up to three component bids, each of which may result in a separate Qualifying Bid (as defined below) and each of which will not be contingent on any other component bid submitted by such Term Lender resulting in a
Qualifying Bid. In addition to the Return Bid, a participating Term Lender must execute and deliver, to be held by the Auction Manager, an assignment and acceptance in the form included in the Offer Documents which shall be in form and substance
reasonably satisfactory to the Auction Manager and the Administrative Agent (the “Auction Assignment and Acceptance”). The Offeror will not purchase any Term Loans at a price that is outside of the applicable Discount Range, nor will any
Return Bids (including any component bids specified therein) submitted at a price that is outside such applicable Discount Range be considered in any calculation of the Applicable Threshold Price (as defined below). 

Acceptance Procedures. Based on the Reply Prices and Reply Amounts received by the Auction Manager, the Auction Manager,
in consultation with the Offeror, will calculate the lowest purchase price (the “Applicable Threshold Price”) for the Dutch Auction within the Discount Range for the Dutch Auction that will allow the Offeror to complete the Dutch Auction
by purchasing the full Auction Amount (or such lesser amount of Terms Loans for which the Offeror has received Qualifying Bids). The Offeror shall purchase (by assignment) Term Loans from each Term Lender whose Return Bid is within the Discount
Range and contains a Reply Price that is equal to or less than the Applicable Threshold Price (each, a “Qualifying Bid”). All principal amount of Term Loans included in Qualifying Bids received at a Reply Price lower than the Applicable
Threshold Price will be purchased at a purchase price equal to the applicable Reply Price and shall not be subject to proration. If a Term Lender has submitted a Return Bid containing multiple component bids at different Reply Prices, then all Term
Loans of such Term Lender. offered in any such component bid that constitutes a Qualifying Bid with a Reply Price lower than the Applicable Threshold Price shall also be purchased at a purchase price equal to the applicable Reply Price and shall not
be subject to proration. 
 Proration Procedures. All Term Loans offered in Return Bids (or, if applicable, any
component bid thereof) constituting Qualifying Bids equal to the Applicable Threshold Price will be purchased at a purchase price equal to the Applicable Threshold Price; provided that if the aggregate principal amount of all Term Loans for which
Qualifying Bids have been submitted in any given Dutch Auction equal to the Applicable Threshold Price would exceed the remaining portion of the Auction Amount (after deducting all Term Loans purchased below the Applicable Threshold Price), the
Offeror shall purchase the Term Loans for which the Qualifying Bids submitted were at the Applicable Threshold Price ratably based on the respective principal amounts offered and in an aggregate amount up to the amount necessary to com- ? plete the
purchase of the Auction Amount. For the avoidance of doubt, no Return Bids (or any component thereof) will be accepted above the Applicable Threshold Price. 
 Notification Procedures. The Auction Manager will calculate the Applicable Threshold Price no later than the next Business Day after the date that the Return Bids were due. The Auction
Manager will insert the amount of Term Loans to be assigned and the applicable settlement date determined by the Auction Manager in consultation with the Offeror onto each applicable Auction Assignment and Acceptance received in connection with a
Qualifying Bid. Upon written request of the submitting Term Lender, the Auction Manager will promptly return any Auction Assignment and Acceptance received in connection with a Return Bid that is not a Qualifying Bid. 

-5- 

 

 
  
 Additional
Procedures. Once initiated by an Auction Notice, the Offerer may withdraw a Dutch Auction by written notice to the Auction Manager no later than 24 hours before the original Expiration Time so long as no Qualifying Bids have been received by the
Auction Manager at or prior to the time the Auction Manager receives such written notice from the Borrower. Any Return Bid (including any component bid thereof) delivered to the Auction Manager may not be modified, revoked, terminated or cancelled;
provided that a Term Lender may modify a Return Bid at any time prior to the Expiration Time solely to reduce the Reply Price included in such Return Bid. However, a Dutch Auction shall become void if the Offerer fails to satisfy one or more of the
conditions to the purchase of Loans set forth in Section 9.04(1) of the Credit Agreement, as applicable, or to otherwise comply with any of the provisions of such Section 9.04(1). The purchase price for all Term Loans purchased in a Dutch
Auction shall be paid in cash by the Offerer directly to the respective assigning Term Lender on a settlement date as determined by the Auction Manager in consultation with the Offerer (which shall be no later than ten (10) Business Days after
the date Return Bids are due), along with accrued and unpaid interest (if any) on the applicable Term Loans up to the settlement date. The Offerer shall execute each applicable Auction Assignment and Acceptance received in connection with a
Qualifying Bid. 
 All questions as to the form of documents and validity and eligibility of Term Loans that are
the subject of a Dutch Auction will be determined by the Auction Manager, in consultation with the Offerer, and the Auction Manager’s determination will be conclusive, absent manifest error. The Auction Manager’s interpretation of the
terms and conditions of the Offer Document, in consultation with the Offerer, will be final and binding. 
 None
of the Administrative Agent, the Auction Manager, any other Agent or any of their respective affiliates assumes any responsibility for the accuracy or completeness of the information concerning Intermediate Holdings, the Borrower, the Restricted
Subsidiaries or any of their Affiliates contained in the Offer Documents or otherwise or for any failure to disclose events that may have occurred and may affect the significance or accuracy of such information. 

The Auction Manager acting in its capacity as such under a Dutch Auction shall be entitled to the benefits of the
provisions of Article 8 and Section 9.05 of the Credit Agreement to the same extent as if each reference therein to the “Administrative Agent” were a reference to the Auction Manager, and the Administrative Agent shall cooperate with
the Auction Manager as reasonably requested by the Auction Manager in order to enable it to perform its responsibilities and duties in connection with each Dutch Auction. 
 This Exhibit O shall not require Intermediate Holdings, the Borrower or any Restricted Subsidiary to initiate any Dutch Auction, nor shall any Term Lender be obligated to participate in
any Dutch Auction. 
 -6- 

 

 
  
 EXHIBIT P

 [Form of] ESCROW AGREEMENT 
 ESCROW AGREEMENT, dated as of October 9, 2012, (the “Agreement”) by and among ADS Waste Escrow Corp. II, a Delaware corporation (the “Company”), Deutsche Bank
Trust Company Americas, a New York banking corporation, a wholly-owned subsidiary of Deutsche Bank AG, as administrative agent (in such capacity, the “Administrative Agent”) under the Credit Agreement (as defined below), and Deutsche Bank
Trust Company Americas, a New York banking corporation, a wholly-owned subsidiary of Deutsche Bank AG, as escrow agent (the “Escrow Agent”). 
 WHEREAS, this Agreement is being entered into in connection with the Credit Agreement (the “Credit Agreement”) dated as -of the date hereof, among the Company, the Administrative
Agent and the lenders party thereto (the “Lenders”); 
 WHEREAS, pursuant to the terms of the Credit
Agreement, the Company is incurring indebtedness in the form of a term loan in the aggregate principal amount of $1,800,000,000 (the “Term Loan”); 
 WHEREAS ( concurrently with the closing of the Credit Agreement and the funding of the Term Loan, (i) the Administrative Agent, on behalf of the Lenders and the Company, will deposit
with the Escrow Agent, as hereinafter provided, $1,800,000,000 in cash, representing the gross proceeds received from the making of the Term Loan (the “Proceeds”) and (ii) the Company will cause to be deposited cash in the amount of
$9,450,000 (the “Initial Deposit”), representing, when taken together with the Proceeds, an amount sufficient to make the Special Mandatory Repayment on the Initial Outside Date (as defined below); 

WHEREAS, such funds, in addition to any Extension Deposits (as defined below) made as required herein, will be used
(A) upon satisfaction of the conditions set forth in Section 4(a), for the purposes set forth in Section 4(a) or (B) to fund the Special Mandatory Repayment. 

WHEREAS, as security for its obligations under the Credit Agreement, the Company hereby grants to the Administrative
Agent, for the sole and exclusive benefit of the Lenders, a first priority security interest in and hen on the Escrow Account (as defined herein), Escrow Property (as defined herein) and the Collateral (as defined herein); and 

WHEREAS, the parties have entered into this Agreement in order to set forth the conditions upon which, and the manner in
which, the Escrow Property will be held, disbursed and released from the security interest and lien described above. 
 NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged by each of the parties hereto, the parties hereto, intending to be legally
bound, do hereby agree as follows: 
 Section 1. Appointment of Escrow Agent. The Company and the
Administrative Agent 
 hereby appoint Deutsche Bank Trust Company Americas as escrow agent in accordance with
the terms and conditions set forth herein, and the Escrow Agent hereby accepts such appointment. 

 

 
  

Section 2. . Deposit into the Escrow Property; Extension of the Escrow End Date. 

The Administrative Agent and the Company, simultaneously with the execution and delivery of this Agreement, have caused to
be deposited with the Escrow Agent the sum of the Proceeds and the Initial Deposit (collectively, together with any Extension Deposits, the “Escrowed Proceeds”), and which Escrowed Proceeds shall be held by the Escrow Agent upon the terms
and conditions hereinafter set forth. The foregoing property and/or funds, plus all interest, dividends and other distributions and payments thereon (collectively, the “Distributions”) received by the Escrow Agent, less any property and/or
funds distributed or paid in accordance with this Agreement, are collectively referred to herein as the “Escrow Property”. The Escrow Agent shall have no duty to solicit the Escrow Property. The Company or the Administrative Agent shall
notify the Escrow Agent in writing at or prior to the time when Escrowed Proceeds are sent to the Escrow Agent pursuant to this Agreement. The Escrow Agent shall have no liability for Escrowed Proceeds, or interest thereon, sent to it that remain
unclaimed and/or are returned if such written notification is not given. 
 (i) If, at any time on or prior to
2:00 p.m. (New York City time) on the Initial Outside Date, the Company delivers a notice (a “First Extension Election”) substantially in the form of Annex II to the Administrative Agent and the Escrow Agent to extend the Initial Outside
Date to November 30, 2012 (the “First Extended Outside Date”), and concurrently with such notice the Company deposits an amount in cash (an “Extension Deposit”) sufficient, when taken together with the amount of other Escrow
Property as of such date, to pay 100% of the aggregate principal amount of the Term Loan made on the date hereof, together with accrued and unpaid interest on such Term Loan from the date hereof or the most recent date to which interest has been
paid or duly provided for on the Term Loan, as the case may be, up to, but not including, the First Extended Outside Date, the Initial Outside Date shall be extended to the First Extended Outside Date. 

(ii) If, at any time on or prior to 2:00 p.m. (New York City time) on the First Extended Outside Date, the Company
delivers a notice (the “Second Extension Election”) substantially in the form of Annex II to the Administrative Agent and the Escrow Agent to extend the First Extended Outside Date to December 31, 2012 (the “Second Extended
Outside Date”), and concurrently with such notice the Company deposits an Extension Deposit, sufficient, when taken together with the amount of other Escrow Property as of such date, to pay 100% of the aggregate principal amount of the Term
Loan made on the date hereof, together with accrued and unpaid interest on such Term Loan from the date hereof or the most recent date to which interest has been paid or duly provided for on the Term Loan, as the case may be, up to, but not
including, the Second Extended Outside Date, the First Extended Outside Date shall be extended to the Second Extended Outside Date. 
 (iii) If, at any time on or prior to 2:00 p.m. (New York City time) on the Second Extended Outside Date, the Company delivers a notice (the “Final Extension Election”)
substantially in the form of Annex II to the Administrative Agent and the Escrow Agent to extend the Second Extended Outside Date to January 31, 2013 (the “Final Outside Date”), and concurrently with such notice the Company deposits
an Extension Deposit, -sufficient, when taken together with the amount of other Escrow Property as of such date, to pay 100% of the aggregate principal amount of the Term Loan made on the date hereof, together with accrued and unpaid interest on
such Term Loan from the date hereof or the most recent date to which interest has been paid or duly provided for on the Term Loan, as the case may be, up to, but not including, the Final Outside Date, the Second Extended Outside Date shall be
extended to the Final Outside Date. 
 Section 3. Investment of the Escrow Property. During the term of this
Agreement, the Es- 
 crow Agent shall invest and reinvest the Escrow Property in any of the following
investments, in each case at the written direction of an Authorized Person (as hereinafter defined) of the Company: 

	 2
	  
	 

 

 
  
 Money
Market Mutual Funds registered under the Investment Act of 1940; and/or 
 time deposits. 

The Escrow Agent shall have no obligation to invest or reinvest the Escrow Property if deposited with the Escrow Agent
after 11:00 a.m. New York City time on such day of deposit. Instructions received after 11:00 a.m. New York City time will be treated as if received on the following Business Day. The Escrow Agent shall have no responsibility for any investment
losses resulting from the investment, reinvestment or liquidation of the Escrow Property. Any interest or other income received on such investment and reinvestment of the Escrow Property shall become part of the Escrow Property and any losses
incurred on such investment and reinvestment of the Escrow Property shall be debited against the Escrow Property. If a selection is not made and a written direction not given to the Escrow Agent, the Escrow Property shall remain uninvested with no
liability for interest therein. It is agreed and understood that the entity serving as Escrow Agent may earn fees associated with the investments outlined above in accordance with the terms of such investments. Notwithstanding the foregoing, the
Escrow Agent shall have the power to sell or liquidate the foregoing investments whenever the Escrow Agent shall be required to release all or any portion of the Escrow Property pursuant to Section 4 hereof. In no event shall the Escrow Agent
be deemed an investment manager or adviser in respect of any selection of investments hereunder. It is understood and agreed that the Escrow Agent or its affiliates are permitted to receive additional compensation that could be deemed to be in the
Escrow Agent’s economic self-interest for (1) serving as investment adviser, administrator, shareholder servicing agent, custodian or sub-custodian with respect to certain of the investments, (2) using affiliates to effect
transactions in certain investments and (3) effecting transactions in investments. 
 Section 4.
Distribution of Escrow Property. 
 If at any time on or prior to the then applicable Escrow End Date, the Escrow
Agent receives the Release Request from the Company or its nominee (a copy of which shall be provided to the Administrative Agent), the Escrow Agent will, as promptly as practicable on the same Business Day, release all Escrow Property (including
investment earnings credited to the Escrow Account) (the “Release”) then held by it as directed and in the manner set forth in the Release Request; provided that the Release Request shall be received by the Escrow Agent by 11:00 a.m. New
York City time on such Business Day. 
 If (i) the Escrow Agent shall not have received the Release Request
described in clause (a) above at or prior to the Escrow End Date, or (ii) Holdings or the Company shall have notified the Escrow Agent and the Administrative Agent in writing that Holdings will not pursue the consummation of the
Acquisition (as such term is defined in the Credit Agreement) (the date on which the earlier of (i) and (ii) occurs, the “Escrow Termination Date”), then in each case, the Escrow Agent shall, upon receipt of a written notice
substantially in the form of Annex III (the “Escrow Termination Notice”) (a copy of which will be provided to the Administrative Agent), without requirement of any other notice to or action by the Company or any other Person, release the
Escrow Property (including investment earnings credited to the Escrow Property) to the Administrative Agent as the Administrative Agent may direct. The Administrative Agent shall apply the Escrow Property in accordance with Section 2.28(b)(ii)
of the Credit Agreement. For the avoidance of doubt, the Administrative Agent will pay to the Company any Escrow Property remaining after repayment of the Term Loan and payment of fees and expenses in accordance with Section 2.28(b)(ii) of the
Credit Agreement. 

	 3
	  
	 

 

 
  
 (c) If the
Escrow Agent receives a notice from the Administrative Agent that the principal of and accrued interest on the Term Loan has become immediately due and payable pursuant to Section 7.01 of the Credit Agreement (an “Acceleration Event”)
and either (i) a court of competent jurisdiction by final and nonappealable judgment determines that the acceleration of the Term Loan was appropriate as a result of a bona fide Event of Default under the Credit Agreement or (ii) such
acceleration is not rescinded on or prior to the Escrow Termination Date, the Escrow Agent will liquidate all Escrow Property then held by it within one Business Day after it receives notice of such court determination or on the Business Day after
the Escrow Termination Date, as the case may be, and will release to the Administrative Agent the Escrow Property for application in accordance with Section 2.28(b)(ii) of the Credit Agreement. 

If the Escrow Agent receives a notice from the Company that a Special Mandatory Repayment is to occur, this
Section 4(c) shall be of no further effect and all Escrowed Property then held by the Escrow Agent shall be released in accordance with Section 4(b). 
 Section 5. Termination. This Agreement shall terminate upon the distribution of all Escrow 
 Property from the account established hereunder. The provisions of Sections 6, 8 and 9 shall survive the termination of this Agreement and the earlier resignation or removal of the Escrow
Agent. 
 Section 6. Compensation of Escrow Agent. The Escrow Agent shall be entitled to payment 

from the Company for customary fees and expenses for all services rendered by it hereunder as separately agreed to in
writing between the Company and the Escrow Agent (as such fees may be adjusted from time to time). It is understood by all parties that the annual fee may be deducted from the Escrow Property when it becomes due. Annual fees are due annually in
advance for each year or any part thereof. The Company shall reimburse the Escrow Agent on demand for all loss, liability, damage, disbursements, advances or expenses paid or incurred by it in the administration of its duties hereunder, including,
but not limited to, all counsel, advisors’ and agents’ reasonable and documented fees and disbursements and all taxes or other governmental charges. Such compensation and expenses shall be paid from the Escrow Property to the extent not
otherwise paid within thirty (30) days after an invoice has been rendered. The obligations contained in this Section 6 shall survive the termination of this Agreement and the resignation or removal of the Escrow Agent. 

Section 7. Resignation of Escrow Agent. The Escrow Agent may resign and be discharged 

from its duties hereunder at any time by giving thirty (30) calendar days’ prior written notice of such
resignation to the Company and the Administrative Agent. The Company and the Administrative Agent may remove the Escrow Agent at any time by giving thirty (30) calendar days’ prior written notice to the Escrow Agent. Upon such notice, a
successor escrow agent shall be appointed by the Company and the Administrative Agent, who shall provide written notice of such to the resigning Escrow Agent. Such successor escrow agent shall become the escrow agent hereunder upon the resignation
or removal date specified in such notice. If the Company and the Administrative Agent are unable to agree upon a successor escrow agent within thirty (30) days after such notice, the Escrow Agent may, in its sole discretion, deliver the Escrow
Property to the Company at the address provided herein or may apply to a court of competent jurisdiction for the appointment of a successor escrow agent or for other appropriate relief. The costs and expenses (including its attorneys’ fees and
expenses) incurred by the Escrow Agent in connection with such proceeding shall be paid by the Company. Upon receipt of the identity of the successor escrow agent, the Escrow Agent shall either deliver the Escrow Property then held hereunder to the
successor Escrow Agent, less the Escrow Agent’s fees, costs and expenses or other obligations owed to the Escrow Agent to be paid from any interest earned in respect of the Escrow Property, or hold any interest earned in respect of the Escrow
Property (or any portion thereof), pending distribution, until all such fees, costs and expenses or other obligations are paid. Upon its resignation and delivery of the Escrow Property as set 

	 4
	  
	 

 

 
  
 forth in
this Section 7, the Escrow Agent shall be discharged of and from any and all further obligations arising in connection with the Escrow Property or this Agreement. 
 Section 8. Indemnification of Escrow Agent. The Company shall indemnify, defend and 
 hold harmless the Escrow Agent and its officers, directors, employees, representatives and agents, from and against and reimburse the Escrow Agent for any and all claims, expenses,
obligations, liabilities, losses, damages, injuries (to person, property, or natural resources), penalties, stamp or other similar taxes, actions, suits, judgments, reasonable costs and expenses (including reasonable attorney’s fees and
expenses) of whatever kind or nature regardless of their merit, demanded, asserted or claimed against the Escrow Agent directly or indirectly relating to, or arising from, claims against the Escrow Agent by reason of its participation in the
transactions contemplated hereby, including without limitation all reasonable costs required to be associated with claims for damages to persons or property, and reasonable and documented attorneys’ and consultants’ fees and expenses and
court costs except to the extent caused by the Escrow Agent’s gross negligence or willful misconduct. The provisions of this Section 8 shall survive the termination of this Agreement or the earlier resignation or removal of the Escrow
Agent. 
 Section 9. The Escrow Agent. 

The duties, responsibilities and obligations of Escrow Agent shall be limited to those expressly set forth herein and no
duties, responsibilities or obligations shall be inferred or implied against the Escrow Agent. The Escrow Agent shall not be subject to, nor required to comply with, any other agreement to which the Company or the Administrative Agent is a party,
even though reference thereto may be made herein, or to comply with any direction or instruction (other than those contained herein or delivered in accordance with this Agreement) from the Company or the Administrative Agent or an entity acting on
its behalf. The Escrow Agent shall not be required to expend or risk any of its own funds or otherwise incur any liability, financial or otherwise, in the performance of any of its duties hereunder. 

If at any time the Escrow Agent is served with any judicial or administrative order, judgment, decree, writ or other form
of judicial or administrative process which in any way affects the Escrow Property (including but not limited to orders of attachment or garnishment or other forms of levies or injunctions or stays relating to the transfer of the Escrow Property),
the Escrow Agent is authorized to comply therewith in any manner it or legal counsel of its own choosing deems appropriate; and if the Escrow Agent complies with any such judicial or administrative order, judgment, decree, writ or other form of
judicial or administrative process, Escrow Agent shall not be liable to any of the parties hereto or to any other person or entity even though such order, judgment, decree, writ or process may be subsequently modified or vacated or otherwise
determined to have been without legal force or effect. 
 The Escrow Agent shall not be liable for any action
taken or omitted or for any loss or injury resulting from its actions or its performance or lack of performance of its duties hereunder in the absence of gross negligence or willful misconduct on its part. In no event shall the Escrow Agent be
liable (i) for acting in accordance with or conclusively relying upon any instruction, notice, demand, certificate or document from the Company and the .Administrative Agent or any entity acting on behalf of the Company or the Administrative
Agent, (ii) for any indirect, consequential, punitive or special damages, regardless of the form of action and whether or not any such damages were foreseeable or contemplated, (iii) for the acts or omissions of its nominees,
correspondents, designees, agents, subagents or subcustodians, (iv) for the investment or reinvestment of any cash held by it hereunder, in each case in good faith, in accordance with the terms hereof, including without limitation any liability
for any delays (not resulting from its gross negligence or willful misconduct) in the investment or reinvestment of the Escrow Property, or any loss of interest or income incident to any such delays, or (v) for an amount in 

	 5
	  
	 

 

 
  
 excess of
the value of the Escrow Property, valued as of the date of deposit, but only to the extent of direct money damages. 
 If any fees, expenses or costs incurred by, or any obligations owed to, the Escrow Agent or its counsel hereunder are not promptly paid when due, the Escrow Agent may reimburse itself
therefore from the Escrow Property and may sell, liquidate, convey or otherwise dispose of any investment in respect of the Escrow Property for such purpose. The Escrow Agent may in its sole discretion withhold from any distribution of any interest
earned in respect of the Escrow Property an amount it believes would, upon sale or liquidation, produce proceeds equal to any unpaid amounts to which the Escrow Agent is entitled to hereunder. 

As security for the due and punctual performance of any and all of the Company’s obligations to the Escrow Agent
hereunder, now or hereafter arising, the Company hereby pledges, assigns and grants to the Escrow Agent a continuing security interest in, and a hen on, the Escrow Property and all Distributions thereon or additions thereto. The security interest of
the Escrow Agent shall at all times be valid, perfected and enforceable by the Escrow Agent against the Company and all third parties in accordance with the terms of this Agreement. 

The Escrow Agent may consult with legal counsel of its own choosing, at the expense of the Company, as to any matter
relating to this Agreement, and the Escrow Agent shall not incur any liability in acting in good faith in accordance with any advice from such counsel, except to the extent caused by the Escrow Agent’s gross negligence or willful misconduct.

 The Escrow Agent shall not incur any liability for not performing any act or fulfilling any duty, obligation
or responsibility hereunder by reason of any occurrence beyond the control of the Escrow Agent (including but not limited to any act or provision of any present or future law or regulation or governmental authority, any act of God or war, civil
unrest, local or national disturbance or disaster, any act of terrorism, or the unavailability of the Federal Reserve Bank wire or facsimile or other wire or communication facility). 

(h) The Escrow Agent shall be entitled to conclusively rely upon any order, judgment, certification, demand, notice,
instrument or other writing delivered to it hereunder without being required to determine the authenticity or the correctness of any fact stated therein or the propriety or validity or the service thereof. The Escrow Agent may act in conclusive
reliance upon any instrument or signature believed by it to be genuine and may assume that any person purporting to give receipt or advice to make any statement or execute any document in connection with the provisions hereof has been duly
authorized to do so. 

	 (i)
	  
	 The Escrow Agent shall not be responsible in any respect for the form, execution, 

validity, value or genuineness of documents or securities deposited hereunder, or for any description therein, or for the
identity, authority or rights of persons executing or delivering or purporting to execute or deliver any such document, security or endorsement. The Escrow Agent shall not be called upon to advise any party as to the wisdom in selling or retaining
or taking or refraining from any action with respect to any securities or other property deposited hereunder. 

	 6
	  
	 

 

 
  

	 (j)
	  
	 The Escrow Agent shall not be under any duty to give the Escrow Property held 

by it hereunder any greater degree of care than it gives its own similar property and shall not be required to invest any
funds held hereunder except as directed in this Agreement. Uninvested funds held hereunder shall not earn or accrue interest. 
 (k) When the Escrow Agent acts on any information, instructions, communications, (including, but not limited to, communications with respect to the delivery of securities or the wire
transfer of funds) sent by telex, facsimile, email or other form of electronic or data transmission, the Escrow Agent, absent gross negligence or willful misconduct, shall not be responsible or liable in the event such communication is not an
authorized or authentic communication of the Company or the Administrative Agent or is not in the form the Company and the Administrative Agent sent or intended to send (whether due to fraud, distortion or otherwise). The Company shall indemnify the
Escrow Agent against any loss, liability, claim or expense (including reasonable and documented legal fees and expenses) it may incur with its acting in accordance with any such communication. 

(1) In the event of any ambiguity or uncertainty hereunder or in any notice, instruction or other communication received
by the Escrow Agent hereunder, the Escrow Agent may, in its reasonable discretion, refrain from taking any action other than to retain possession of the Escrow Property, unless the Escrow Agent receives written instructions, signed by the Company
and the Administrative Agent, which eliminates such ambiguity or uncertainty. 
 (m) In the event of any dispute
between or conflicting claims among the Company and the Administrative Agent and any other person or entity with respect to any Escrow Property, the Escrow Agent shall be entitled, in its reasonable discretion, to refuse to comply with any and all
claims, demands or instructions with respect to such Escrow Property so long as such dispute or conflict shall continue, and the Escrow Agent shall not be or become liable in any way to the Company and the Administrative Agent for failure or refusal
to comply with such conflicting claims, demands or instructions. The Escrow Agent shall be entitled to refuse to act until, in its reasonable discretion, either (i) such conflicting or adverse claims or demands shall have been determined by a
final order, judgment or decree of a court of competent jurisdiction, which order, judgment or decree is not subject to appeal, or settled by agreement between the conflicting parties as evidenced in a writing satisfactory to the Escrow Agent or
(ii) the Escrow Agent shall have received security or an indemnity satisfactory to it sufficient to hold it harmless from and against any and all losses which it may incur by reason of so acting. Any court order, judgment or decree shall be
accompanied by a legal opinion by counsel for the, presenting party, satisfactory to the Escrow Agent, to the effect that said order, judgment or decree represents a final adjudication of the rights of the parties by a court of competent
jurisdiction, and that the time for appeal from such order, judgment or decree has expired without an appeal having been filed with such court. The Escrow Agent shall act on such court order and legal opinions without further question. The Escrow
Agent may, in addition, elect, in its reasonable discretion, to commence an interpleader action or seek other judicial relief or orders as it may deem, in its sole discretion, necessary. The costs and expenses (including reasonable and documented
attorneys’ fees and expenses) incurred in connection with such proceeding shall be paid by, and shall be an obligation of, the Company. 
 (n) The Escrow Agent shall have no responsibility for the contents of any writing of the arbitrators or any third party contemplated herein as a means to resolve disputes and may
conclusively rely without any liability upon the contents thereof. 
 (o) The Escrow Agent does not have any
interest in the Escrow Property deposited hereunder but is serving as escrow holder only and having only possession thereof. The Company shall pay or reimburse the Escrow Agent upon request for any transfer taxes or other taxes relating to the
Escrow Property incurred in connection herewith and shall indemnify and hold harmless the Escrow Agent 

	 7
	  
	 

 

 
  
 from any
amounts that it is obligated to pay in the way of such taxes. Any payments of income from the Escrow Account shall be subject to withholding regulations then in force with respect to United States taxes. The Company will provide the Escrow Agent
with appropriate W-9 forms for tax identification number certifications, or W-8 forms for non-resident alien certifications. It is understood that the Escrow Agent shall only be responsible for income reporting with respect to income earned on the
Escrow Property and will not be responsible for any other reporting. This paragraph shall survive notwithstanding any termination of this Agreement or the resignation or removal of the Escrow Agent. 

(p) The Escrow Agent shall provide to the Company and the Administrative Agent monthly statements identifying
transactions, transfers or holdings of Escrow Property and each such statement shall be deemed to be correct and final upon receipt thereof by the Company and the Administrative Agent unless the Escrow Agent is notified in writing, by the Company
and the Administrative Agent, to the contrary within thirty (30) Business Days of the date of such statement. 
 Section 10. Grant of Security Interest; Instructions to Escrow Agent. 
 The Company hereby irrevocably grants a first priority security interest in and lien on, and pledges, assigns, transfers and sets over to the Administrative Agent for its own benefit and
the benefit of the Lenders, all of its respective right, title and interest in, to the extent applicable, (i) the Escrowed Proceeds, the Escrow Account, the Escrow Property and all other property now or hereafter placed or deposited in, or
delivered to the Escrow Agent for placement or deposit in, the Escrow Account in accordance with the terms of this Agreement; (ii) all funds, deposits and all security entitlements (as such term is defined in Section 8-102(a) of the UCC)
from time to time credited to the Escrow Account; (iii) all claims and rights of whatever nature which the Company may now have or hereafter acquire against any third party in respect of any of the Collateral described in this Section 10
(including any claims or rights in respect of any security entitlements credited to an account of the Escrow Agent maintained at any clearing corporation) or any other securities intermediary (as such terms are defined in Section 8-102(a) of
the UCC); (iv) all rights which the Company has under this Agreement and all rights it may now have or hereafter acquire against the Escrow Agent in respect of its holding and managing all or any part of the Collateral; and (v) all
proceeds (as such term is defined in Section 9-102(a) of the UCC) of any of the foregoing (collectively, the “Collateral”), in order to secure all obligations and indebtedness of the Company under this Agreement and the Credit
Agreement, and any other obligation, now or hereafter arising, of every kind and nature, owed by the Company under the Credit Agreement to the Lenders or to the Administrative Agent or any predecessor Administrative Agent (collectively, the
“Secured Obligations”). The Escrow Agent hereby acknowledges the Administrative Agent’s security interest and lien as set forth above. The Company shall take all actions and shall direct the Escrow Agent in writing to take all actions
necessary on its part to insure the continuance of a perfected first priority security interest in the Collateral in favor of the Administrative Agent in order to secure all Secured Obligations. Other than the lien granted hereunder to the
Administrative Agent, the Company shall not grant or cause or permit any other person to obtain a security interest, encumbrance, lien or other claim, direct or indirect, in the Company’s right, title or interest in the Escrow Account or any
Collateral. 
 The Company and the Administrative Agent hereby irrevocably instruct the Escrow Agent to, and the
Escrow Agent shall: 

	 8
	  
	 

 

 
  
 (i)
maintain the Escrow Account for the sole and exclusive benefit of the Administrative Agent on its behalf and on behalf of the Lenders to the extent specifically required herein; treat all property in the Escrow Account as financial assets (as
defined in Section 8-102(a) of the UCC); take all steps reasonably specified in writing by the Company pursuant to this Section 10 to cause the Administrative Agent to enjoy continuous perfected first priority security interest under the
UCC (provided, however, that the Escrow Agent shall not be required to file financing or continuation statements), any other applicable statutory or case law or regulation of the State of New York and any applicable law or regulation of the United
States in the Collateral and except as otherwise required by law, maintain the Collateral free and clear of all liens, security interests, safekeeping or other charges, demands and claims of any nature now or hereafter existing in favor of anyone
other than the Escrow Agent; 
 (ii) promptly notify the Administrative Agent if the Escrow Agent receives
written notice that any Person other than the Administrative Agent has or purports to have a lien or security interest upon any portion of the Collateral; and 
 (iii) in addition to disbursing amounts held in escrow pursuant to and in accordance with the terms of this Agreement, upon receipt of written notice from the Administrative Agent of the
acceleration of the maturity of the Term Loan and direction from the Administrative Agent to disburse the Escrow Property to the Administrative Agent, as promptly as practicable, disburse all funds and other Collateral held in the Escrow Account to
or as directed by the Administrative Agent and, to the extent permissible by applicable law, transfer title to all Escrow Property held by the Escrow Agent hereunder to or as directed by the Administrative Agent. In addition, upon an Event of
Default and for so long as such Event of Default continues, the Administrative Agent may, and the Escrow Agent shall on behalf of the Administrative Agent when instructed by the Administrative Agent, exercise in respect of the Collateral, in
addition to other rights and remedies provided for herein or otherwise available to it, all the rights and remedies of a secured party under the UCC or other applicable law. 
 The lien and security interest provided for in this Section 10 shall automatically terminate and cease as to, and shall not extend or apply to, any funds disbursed by the Escrow Agent
to the Company pursuant to this Agreement to the extent not inconsistent with the terms hereof. The Escrow Agent shall not have any right to receive compensation from the Administrative Agent and shall have no authority to obligate the
Administrative Agent or to compromise or pledge its security interest hereunder. 
 (c) Any money collected by
the Administrative Agent pursuant to Section 10(b)(iii) shall be applied as provided in Section 2.28(b)(ii) of the Credit Agreement. Any surplus of such cash or cash proceeds held by the Administrative Agent and remaining after
indefeasible payment in full of all the obligations under the Credit Agreement shall be paid over to the Company promptly or as a court of competent jurisdiction may direct. Neither the Administrative Agent nor the Escrow Agent shall have any
liability for any shortfall to the extent of the amount of the Special Mandatory Redemption. 
 9 

 

 
  
 The
Company will execute and deliver or cause to be executed and delivered, or use its reasonable best efforts to procure, all assignments, instruments and other documents, deliver any instruments to the Administrative Agent and take any other actions
that are necessary or desirable to perfect, continue the perfection of, or protect the first priority of the Administrative Agent’s security interest in and to the Collateral, to protect the Collateral against the rights, claims, or interests
of third persons or to effect the purposes of this Agreement. The Company also hereby authorizes the Administrative Agent to file any financing or continuation statements with respect to the Collateral without its signature (to the extent permitted
by applicable law). The Company shall pay all reasonable costs incurred in connection with any of the foregoing, it being understood that the Administrative Agent shall have no duty to determine whether to file or record any document or instrument
relating to Collateral. Neither the Administrative Agent nor the Escrow Agent shall have any duty or obligation to file or record any document or otherwise to see to the grant or perfection of any security interest granted hereunder. 

The Company hereby appoints the Administrative Agent as attorney-in-fact with full power of substitution to do any act
that the Company is obligated hereby to do, and the Administrative Agent may, but shall not be obligated to, exercise such rights as the Administrative Agent might exercise with respect to the Collateral and take any action in the Administrative
Agent’s name to protect the Administrative Agent’s security interest hereunder. 
 If at any time the
Escrow Agent shall receive any “entitlement order” (as such term is defined in Section 8-102(a)(8) of the UCC) or any other instructions issued by the Administrative Agent directing the disposition of funds in the Escrow Account or
otherwise related to the Escrow Account, the Escrow Agent shall comply with such instructions without further consent by the Company or any other person. 
 The Escrow Agent represents that it is a “securities intermediary” and that the Escrow Account is a “securities account” (as each such term is defined in the UCC). The
“Securities Intermediary’s Jurisdiction” (within the meaning of Section 8-110(e) of the UCC) of the Escrow Agent shall be the State of New York. 
 (h) The Company hereby confirms that the arrangements established under this Section 10 constitute “control” by the Administrative Agent of the Escrow Account, as each of
those terms is defined in Article 9 of the UCC as adopted in the State of New York. Other than the Credit Agreement and the other provisions of this Agreement, the Escrow Agent and the Company have not entered and will not enter into any other
agreement with respect to control of the Escrow Account or purporting to limit or condition the obligation of the Escrow Agent to comply with any orders or instructions of the Administrative Agent with respect to the Escrow Account as set forth in
this Section 10. In the event of any conflict with respect to control over the Escrow Account between this Agreement and the Credit Agreement (or any portion hereof or thereof), on the one hand, and any other agreement now existing or hereafter
entered into, on the other hand, the terms of this Agreement shall prevail. 
 10 

 

 
  
 (i) The
Escrow Agent hereby agrees that any security interest in, lien on, encumbrance, claim or right of setoff against, the Escrow Account, the Escrow Property or any other funds therein that it now has or subsequently obtains shall be subordinate to the
security interest of the Administrative Agent in the Escrow Account and the funds therein or credited thereto. The Escrow Agent agrees not to exercise any present or future right of recoupment or set-off against the Escrow Account or to assert
against the Escrow Account any present or future security interest, banker’s lien or any other lien or claim (including claim for penalties) that the Escrow Agent may at any time have against or in the Escrow Account or any funds therein,

 Section 11. Miscellaneous, (a) This Agreement embodies the entire agreement and understanding among
the parties relating to the subject matter hereof. 
 This Agreement shall be governed by and construed in
accordance with the laws of the State of New York without reference to the principles of conflict of laws. 

Each of the parties hereto hereby irrevocably consents to the jurisdiction of the courts of the State of New York and of
any Federal Court located in the Borough of Manhattan in such State in connection with any action, suit or other proceeding arising out of or relating to this Agreement or any action taken or omitted hereunder, and waives any claim of forum non
conveniens and any objections as to laying of venue. Each party further waives personal service of any summons, complaint or other process and agrees that service thereof may be made by certified or registered mail directed to such person at such
person’s address for purposes of notices hereunder. 
 All notices and other communications under this
Agreement shall be in writing in English and shall be deemed given when delivered personally, on the next Business Day after delivery to a recognized overnight courier or mailed first class (postage prepaid)or when sent by facsimile to the parties
(which facsimile copy shall be followed, in the case of notices or other communications sent to the Escrow Agent, by delivery of the original) at the following addresses (or to such other address as a party may have specified by notice given to the
other parties pursuant to this provision): 
 If to the Company, to: 

ADS Waste Escrow Corp. II 
 7915 Baymeadows Way, Suite 400 
 Jacksonville,
Florida 32256 
 Attention: Steven R. Cam, Chief Financial Officer 

Fax: 904-493-3041 
 with a copy to: 
 ADS Waste Escrow Corp. II

 7915 Baymeadows Way, Suite 400 
 Jacksonville, Florida 32256 
 Attention: Scott E.
Friedlander, General Counsel 
 Fax: 904-493-3055 

If to the Administrative Agent, to: 
 11 

 

 
  
 If to the
Escrow Agent, to: 
 Deutsehe Bank Trust Company Americas 

60 Wall Street, 27* Floor 
 Mail Stop: NYC60-2710 
 New York, New York 10005

 Facsimile: (732) 578-4593 
 Attention: Manager, Escrow Team 
 The headings of
the Sections of this Agreement have been inserted for convenience and shall not modify, define, limit or expand the express provisions of this Agreement. 
 This Agreement and the rights and obligations hereunder of parties hereto may not be assigned except with the prior written consent of the other parties hereto. This Agreement shall be
binding upon and inure to the benefit of each party’s respective successors and permitted assigns. Except as expressly provided herein, no other person shall acquire or have any rights under or by virtue of this Agreement. This Agreement is
intended to be for the sole benefit of the parties hereto, and (subject to the provisions of this Section 11(f)) their respective successors and assigns, and none of the provisions of this Agreement are intended to be, nor shall they be
construed to be, for the benefit of any third person. 
 This Agreement may not be amended, supplemented or
otherwise modified without the prior written consent of the parties hereto. 
 (h) The Escrow Agent makes no
representation as to the validity, value, genuineness or the collectability of any security or other document or instrument held by or delivered to it. 
 (i) The parties acknowledge that in order to help the United States government fight the funding of terrorism and money laundering activities, pursuant to Federal regulations that became
effective on October 1, 2003 (Section 326 of the USA PATRIOT Act) requires all financial institutions to obtain, verify, record and update information that identifies each person establishing a relationship or opening an account. The parties to
this Agreement agree that they will provide to the Escrow Agent such information as it may request, from time to time, in order for the Escrow Agent to satisfy the requirements of the USA PATRIOT Act, including but not limited to 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 and may also ask for formation documents such as articles of incorporation or other
identifying documents to be provided. 
 (j) This Agreement may be executed in two or more counterparts, each of
which shall be an original, but all of which together shall constitute one and the same instrument. 
 (k) The
rights and remedies conferred upon the parties hereto shall be cumulative, and the exercise or waiver of any such right or remedy shall not preclude or inhibit the exercise of any additional rights or remedies. The waiver of any right or remedy
hereunder shall not preclude the subsequent exercise of such right or remedy. 
 (1) Each of the Company and the
Administrative Agent hereby represents and warrants (i) that this Agreement has been duly authorized, executed and delivered on its behalf and constitutes its legal, valid and binding obligation and (ii) that the execution, delivery and
performance of this 
 12 

 

 
  
 Agreement
by the Company and the Administrative Agent does not and will not violate any applicable law or regulation. 

(m) The invalidity, illegality or unenforceability of any provision of this Agreement shall in no way affect the validity,
legality or enforceability of any other provision; and if any provision is held to be unenforceable as a matter of law, the other provisions shall not be affected thereby and shall remain in full force and effect. 

(n) No printed or other material in any language, including prospectuses, notices, reports, and promotional material which
mentions “Bankers Trust Company”, “Deutsche Bank Trust Company Americas” or “Deutsche Bank AG” or any of their respective affiliates by name or the 

rights, powers, or duties of the Escrow Agent under this Agreement shall be issued by any other parties hereto, or on such
party’s behalf, without the prior written consent of the Escrow Agent. 
 (o) For purposes of this
Agreement, “Business Day” shall mean any day that is not a Saturday or Sunday or a day on which banks are required or permitted by law or executive order to be closed in the City of New York. 

(p) For purposes of sending and receiving instructions or directions hereunder, all such instructions or directions shall
be, and the Escrow Agent may conclusively rely upon such instructions or directions, delivered, and executed by representatives of the Company or the Administrative Agent designated on Scheduled I attached hereto and made a part hereof (each such
representative, an “Authorized Person”) which such designation shall include specimen signatures of such representatives, as such Schedule I may be updated from time to time. 

Section 12. Defined Terms. In addition to any other defined terms used herein, the following terms shall constitute
defined terms for purposes of this Agreement and shall have the meanings set forth below: 
 “Authorized
Person” has the meaning set forth in Section ll(p). 
 “Collateral” has the meaning set forth in
Section 10(a). 
 “Escrow Account” means the escrow account established with the Escrow Agent in
which the Escrow Property is held pursuant to the terms of this Agreement as described on Annex IV hereto. 

“Escrow End Date” means the latest of the Initial Outside Date, First Extended Outside Date, Second Extended
Outside Date or the Final Outside Date, as applicable. 
 “Escrowed Proceeds” has the meaning set forth
in Section 2(a). 
 “Escrow Property” has the meaning set forth in Section 2(a). 

“Escrow Termination Date” has the meaning set forth in Section 4(b). 

“Escrow Termination Notice” has the meaning set forth in Section 4(b). 

“Extension Deposit” has the meaning set forth in Section (2)(a)(i). 

“Final Extension Election” has the meaning set forth in Section 2(a)(iii). 

“Final Outside Date” has the meaning set forth in Section 2(a)(iii). 

13 

 

 
  

“First Extended Outside Date” has the meaning set forth in Section 2(a)(i). 

“First Extension Election” has the meaning set forth in Section 2(a)(i). 

“Holdings” means Star Atlantic Waste Holdings II, L.P., or any successor thereto or assignee thereof.

 “Initial Deposit” has the meaning set forth in the Recitals. 

“Initial Outside Date” means November 15, 2012. 

“Proceeds” has the meaning set forth in the Recitals. 

“Release Request” means an officer’s certificate requesting release of the Escrow Property signed by an
Authorized Person of the Company in the form attached hereto as Annex I, certifying as to the matters specified therein. 
 “Second Extended Outside Date” has the meaning set forth in Section 2(a)(ii). 
 “Second Extension Election” has the meaning set forth in Section 2(a)(ii). 
 “Secured Obligations” has the meaning set forth in Section 10(a). 
 “Special Mandatory Repayment” means the obligation of the Company to repay the Term Loan, pursuant to Section 2.18(b)(ii) of the Credit Agreement. 

“UCC” means the Uniform Commercial Code as in effect in the State of New York. 

[Signature Page Follows] 
 14 

 

 
  
 IN WITNESS
WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written, 
 ADS WASTE
ESCROW CORP. II 
 By              

Name: Title: 

 

 
  
 DEUTSCHE
BANK TRUST COMPANY AMERICAS, as Administrative Agent 
 By 

Name: Title: 
 By 
 Name: Title: 

DEUTSCHE BANK TRUST COMPANY AMERICAS, 
 as Escrow Agent 
 By 

Name: Title: 
 By 
 Name: Title: 

 

 
  
 Schedule I

 Authorized Representatives Company Name Title Specimen Signature 

Administrative Agent Name Title Specimen Signature 

 

 
  
 ANNEX I

 FORM OF RELEASE REQUEST 
 ADS Waste Escrow Corp. II 
 7915 Baymeadows Way,
Suite 400 
 Jacksonville, Florida 32256 
 [ ], 2012 
 Deutsche Bank Trust Company Americas 60
Wall Street, 27th Floor Mail Stop: NYC60-2710 New York, New York 10005 
 Attention: Manager, Escrow Team

 Re: Release Request Officer’s Certificate 

Ladies and Gentlemen: 
 We refer to the Escrow Agreement, dated as of [ ], 2012 (the “Escrow Agreement”) 
 among you (the “Escrow Agent”), the Administrative Agent under the Credit Agreement dated as of [ ], 2012 (the “Credit Agreement”), and ADS Waste Escrow Corp. n, a
Delaware corporation (the “Company”). Capitalized terms used herein shall have the meaning given in the Escrow Agreement. 
 This officer’s certificate constitutes the Release Request under the Escrow Agreement. 
 The Company hereby notifies you and certifies to you that the release of the entire amount of the Escrow Property is currently permitted in accordance with Section 4(a) of the Escrow
Agreement and requests that you release such amount as set forth on Schedule A hereto. The Escrow Agent is entitled to rely on the foregoing in disbursing Escrow Property as specified in this Release Request. 

[SIGNATURE PAGE FOLLOWS] 

 

 
  
 ADS WASTE
ESCROW CORP. 1 
 By: 
 Name: Title: 

 

 
  
 Schedule A
WIRE INSTRUCTIONS 
 [ ] 
 Proceeds to be delivered: [ ] 
 Name of Bank: [ ]

 ABA Number of Bank: [ ] 
 Account Number at Bank: [ ] 
 Name of Account: [ ]

 OBI Field F/F/C #: [ ] 
 Attention: [ ] 

 

 
  
 ANNEX II
FORM OF NOTICE OF EXTENSION OF ESCROW END DATE 
 Dated: [ ] 

NOTICE IS HEREBY GIVEN THAT pursuant to Section 2(b)[(i)][(ii)][(iii)] of the Escrow Agreement, dated as of October [
], 2012 (the “Escrow Agreement”), by and among ADS Waste Escrow Corp. II, a Delaware corporation (the “Company’”), Deutsche Bank Trust Company Americas, as Administrative Agent and Deutsche Bank Trust Company Americas, as
escrow agent (in such capacity, the “Escrow Agent”), as of the date hereof the Company hereby elects to extend the [Initial Outside Date][First Extended Outside Date][Second Extended Outside Date] such that the effective “Escrow End
Date” for purposes of the Escrow Agreement shall be as set forth below. Capitalized terms used but not defined herein have the respective meanings specified in the Escrow Agreement (including those terms defined by reference to the Credit
Agreement referred to therein). 
 The Company hereby certifies to the Escrow Agent that (i) it is extending
the Escrow End Date in accordance with Section 2(b) of the Escrow Agreement, (ii) it has made or is contemporaneously making an Extension Deposit in cash in the amount set forth below and (iii) based on the amount of Escrow Property
on deposit with the Escrow Agent as of the date hereof, the amount deposited with the Escrow Agent as set forth below satisfies the requirements set forth in Section 2(b)[(i)] [(ii)] [(iii)] of the Escrow Agreement. 

Escrow End Date prior to this Notice: 
 Escrow End Date after this Notice: 
 Extension
Deposit: $ 
 [Remainder of Page Intentionally Left Blank] 

 

 
  
 IN WITNESS
WHEREOF, the Company, through the undersigned officer, has signed this officer’s certificate as of the date first written above, 
 ADS WASTE ESCROW CORP. II 
 By: 

Name: Title: 

 

 
  
 ANNEX HI

 FORM OF ESCROW TERMINATION NOTICE 
 ADS Waste Escrow Corp. II 
 7915 Baymeadows Way,
Suite 400 
 Jacksonville, Florida 32256 
 [ ], 2012 
 Deutsche Bank Trust Company Americas 60
Wall Street, 27th Floor Mail Stop: NYC60-2710 New York, New York 10005 
 Attention: Manager, Escrow Team

 Re: Notice of Termination 
 Ladies and Gentlemen: 
 We refer to the Escrow
Agreement, dated as of [ ], 2012 (the “Escrow Agreement”) 
 among you (the “Escrow Agent”),
the Administrative Agent under the Credit Agreement dated as of [ ], 2012 (the “Credit Agreement”), and ADS Waste Escrow Corp. II, a Delaware corporation (the “Company”). Capitalized terms used herein shall have the meaning given
in the Escrow Agreement. 
 Pursuant to the Escrow Agreement, we hereby notify the Escrow Agent and the
Administrative Agent that the Escrow Termination Date has occurred [because Holdings will not pursue the consummation of the Acquisition]. 

 

 
  
 ADS WASTE
ESCROW CORP. II 
 By: ? 
 Name: Title: 

 

 
  
 ANNEX IV

 ESCROW ACCOUNT INFORMATION 
 Bank: Deutsche Bank Trust Company Americas 
 ABA
Number: 021001033 
 Account Name: S80505.1—ADS Waste—Escrow Account 

Account Number: 01419647 
 Beneficiary: Trust and Securities Services 

Payment Details: PORT S80505.1 

 

 
  
 EXHIBIT Q

 October 9, 2012 
 [Form of] 
 CLOSING DATE SIDE LETTER 

Reference is hereby made to that certain Senior Secured Credit Agreement, dated as of October 9, 2012 (such date, the
“Closing Date” and such agreement, the “Credit Agreement”), by and among ADS Waste Escrow Corp. II (the “Escrow Borrower”), the Lenders party thereto and Deutsche Bank Trust Company Americas, as administrative agent
(the “Administrative Agent”) and collateral agent for the Secured Parties. Capitalized terms used but not defined herein have the meanings assigned in the Credit Agreement. 

Each of Advanced Disposal Waste Holdings Corp., a Delaware corporation (“Intermediate Holdings”), and ADS Waste
Holdings, Inc., a Delaware corporation (“ADS” and, together with Intermediate Holdings and each of their subsidiaries that will become Guarantors under the Credit Agreement on the Acquisition Date (other than the Target and its
subsidiaries), the “Loan Entities”), hereby certifies to the Administrative Agent as of the Closing Date hereof the following: 
 The representations and warranties set forth in Article III of the Credit Agreement are true and correct in all material respects on and as of the Closing Date with the same effect as if
Intermediate Holdings and ADS were party thereto. 
 Set forth in Schedule 1.01(a) to the Credit Agreement is a
true and complete list of each Letter of Credit previously issued for the account of any of Loan Entity that is outstanding as of the Closing Date; 
 Set forth in Schedule 1.01(b) to the Credit Agreement is a list of all properties owned in fee by any Loan Entity as of the Closing Date that have an estimated fair market value in excess
of $2,000,000, as reasonably estimated by ADS based on available information including, book value, assessed value, insured replacement values and existing appraisals, and reasonably acceptable to the Collateral Agent. 

Set forth in Schedule 1.01(c) to the Credit Agreement is a list of all outstanding Indebtedness of each of Intermediate
Holdings and its subsidiaries, including the Existing Credit Agreements, to be repaid in full and terminated as of the Acquisition Date. 
 Set forth in Schedule 1.01 (d) to the Credit Agreement is a list of the subsidiaries of each of Intermediate Holdings, ADS and IWS, as of the Closing Date, that would be required to
be a Guarantor on the Acquisition Date pursuant to the Loan Documents. 
 Set forth in Schedule 1.01(e) to the
Credit Agreement is a list of each Subsidiary of Intermediate Holdings that, as of the Closing Date, would be an Unrestricted Subsidiary on the Acquisition Date. 

 

 
  

Intermediate Holdings and ADS agree that, unless otherwise permitted or required by the terms of the Credit Agreement as
in effect on the Closing Date, Intermediate Holdings and ADS shall not amend, modify or supplement any of the Schedules to the Credit Agreement without the prior written consent of the Administrative Agent. 

On and after the Closing Date and prior to the Acquisition Date, Intermediate Holdings and ADS agree that they shall not
cause, or permit, any of the Loan Entities to make any Restricted Payments to Intermediate Holdings or ADS, in the case of the IWS Entities, that would be in breach of the Existing IWS Credit Agreement, and in the case of the ADS Entities, that
would be in breach of the Existing Advanced Disposal Credit Agreement. 
 -2- 

 

 
  
 IN WITNESS
WHEREOF, we have hereunto signed this Closing Date Side Letter as of the date first written above. 
 ADS WASTE
HOLDINGS, INC. 
 By: : 
 Name: Title: 
 ADVANCED DISPOSAL WASTE HOLDINGS
CORP. 
 By: 
 Name: Title: 
 -3-EX-10.3(a)

 Exhibit 10.3(a) 

Exhibit A 
 TRANSITION
SERVICES AGREEMENT 
 This TRANSITION SERVICES AGREEMENT (this “Agreement”) is entered into this
[    ] day of [            ], 2012 by and among Veolia Environmental Services North America LLC., a Delaware limited liability company (“Parent”), VES
Solid Waste Holding LLC, a Delaware limited liability company (“Seller”), and Star Atlantic Waste Holdings II, L.P., a Delaware limited partnership (“Buyer”). 

RECITALS 
 A. Pursuant to
that certain Share Purchase Agreement dated July 18, 2012, by and among Parent, Seller and Buyer (the “Purchase Agreement”), Seller has agreed to sell and Buyer has agreed to purchase, the Shares of Veolia ES Solid Waste, Inc.,
a Wisconsin corporation (the “Company”). Parent, Seller and Buyer are each sometimes referred to herein as a “Party” and collectively as the “Parties.” Capitalized terms used herein and not
otherwise defined herein have the meanings given to such terms in the Purchase Agreement. 
 B. Buyer, Parent and Seller desire that Parent
or Seller provide Buyer with certain transition services with respect to the operation and management of the Company following the Closing, as more fully set forth herein. 

NOW, THEREFORE, in consideration of the premises and covenants set forth herein and other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, Parent, Seller and Buyer agree as follows: 
 AGREEMENT 

1. Transition Services. During the term of this Agreement as set forth in Section 5, Parent or Seller shall provide, or
cause one or more of their Affiliates or third parties to provide, to Buyer, upon the terms and subject to the conditions hereof, the services more particularly described on Annex A (collectively, the “Transition Services”).
Parent, Seller and Buyer may, by mutual consent, amend the Transition Services to include other services in exchange for additional fees (“Additional Services”). Buyer shall adhere to any conditions or policies applicable to its use
of the Transition Services as set forth in this Agreement. 
 2. Level of Transition Services. 

(a) Parent or Seller will perform the Transition Services in the manner and at a relative level of service that is substantially the same as
the level of service provided by Parent or Seller to the Business during the period immediately prior to the date hereof. Parent and Seller shall devote resources to providing the Transition Services in the same manner as it shall devote resources
are devoted to its own business operations. 
 (b) It is the intention of Buyer, Parent and Seller that Buyer’s use of any Transition
Service shall not be substantially greater than the level of use required by Parent or Seller for the Business immediately prior to the acquisition of the Shares by Buyer. In no event will Buyer be entitled to any new service or to substantially
increase its use of any of the Transition Services above that level of use without the prior written consent of Parent or Seller. 
 3.
Ancillary Services. During the term of this Agreement, if Buyer desires that Parent or Seller provide any services in addition to the Transition Services reasonably necessary to facilitate the transition of the Transition Services to Buyer
prior to the Termination Date set forth in Annex A for each 

 
Transition Service (such additional services, “Ancillary Services”), Buyer shall notify Parent and Seller thereof in writing. Following receipt of such notice, Parent, Seller and
Buyer shall mutually discuss such request for Ancillary Services, including, without limitation, any additional charge relating to the provision of Ancillary Services, and shall negotiate in good faith with a view towards the provision of such
Ancillary Services. 
 4. No Obligation to Continue to Use Services; Partial Termination. Buyer will have no obligation to continue
to use any of the Transition Services and may terminate any Transition Service by giving Parent or Seller not less than thirty (30) days’ prior written notice of its desire to terminate any Transition Service. As soon as reasonably
practicable following receipt of any such notice, Parent or Seller shall advise Buyer as to whether termination of such Transition Service will (a) require the termination or partial termination of, or otherwise affect the provision of, certain
other Transition Services specified in Annex A or (b) result in any early termination costs, including costs related to third party providers. If either will be the case, Buyer may withdraw its termination notice within three
(3) Business Days. If Buyer does not withdraw the termination within such period, such termination shall be final. Upon such termination, Buyer’s obligation to pay for such Transition Service(s), if any, shall terminate; provided,
however, that Buyer shall reimburse Parent or Seller for the costs incurred by Parent or Seller resulting from Buyer’s early termination of such Transition Services. 

5. Term and Termination. 

(a) Subject to Section 4, the term of this Agreement shall continue through the date that is twelve (12) months after the
date hereof, unless the Parties otherwise agree in writing (the “Termination Date”). 
 (b) Notwithstanding the foregoing,
this Agreement may be terminated as follows: (i) by Parent or Seller, if Buyer materially breaches this Agreement, which breach is capable of being cured and has not been cured within fifteen (15) days after Buyer’s receipt of notice
of such a breach from Parent or Seller; or (ii) by Buyer as to any particular Transition Service pursuant to Section 4. 

6. General Intent. Upon expiration of the Initial Transition Period, Buyer will use reasonable commercial efforts to end its need to
use the Transition Services as soon as reasonably possible and (unless the Parties otherwise agree) in all events to end such need with respect to each Transition Service not later than the Termination Date. To enable Parent or Seller to provide the
Transition Services, Buyer will provide information, furnish access to data and take such other action as is reasonably requested by Parent or Seller. 

7. Fees. 
 (a)
Consideration. During the Initial Transition Period, Parent or Seller shall provide the Transition Services at no cost to Buyer. Upon expiration of the Initial Transition Period, as consideration for the Transition Services, Buyer will pay to
Parent or Seller the amount agreed to in writing between the Parties. All charges based on a monthly or other time basis will be prorated based on actual days elapsed during the period of service. Upon the termination of any Transition Service in
accordance with and subject to, Sections 4 or 5 above, the consideration to be paid under this Section 7 will be reduced by the amount specified for such terminated Transition Service. 

(b) Invoices. Within thirty (30) days after the end of each calendar month, Parent or Seller will submit one invoice to Buyer for
all Transition Services provided to Buyer during such calendar month pursuant to this Agreement. The invoices shall break out the amount for each type of Transition Service. Parent or Seller will provide documentation supporting any amounts invoiced
pursuant to this Section 7 as Buyer may from time to time reasonably request, including, without limitation, detail with respect to any third party billing information relating to the Transition Services provided under this Agreement.

  
 - 2 - 

 (c) Time of Payment. Buyer will pay all amounts due pursuant to this Agreement within
fifteen (15) days after receipt of each such invoice hereunder. 
 (d) Sales Taxes and Other Reimbursement. Buyer will pay, or
reimburse Parent or Seller for, (i) the gross amount of any present or future sales, use, excise, occupation, privilege, value-added, gross-receipts or other similar tax (excluding any tax on net income, corporate franchise tax or fee or any
similar tax or fee) applicable to the fee, sale or furnishing of any Transition Service, Additional Service or Ancillary Service (unless a valid exemption from such sales tax is applicable) and (ii) any costs reasonably incurred by Parent or
Seller incidental to their provision of the Transition Services. 
 8. Personnel. 

(a) Right to Designate and Change Personnel. Parent or Seller will make available to Buyer such personnel as will be required to
provide the Transition Services described in Annex A. Parent or Seller will have the right, in its reasonable discretion, to designate which personnel it will assign to perform the Transition Services. Parent or Seller also will have the right, in
its reasonable discretion, to remove and replace any such personnel at any time or designate a third-party provider. In the event that personnel with the designated level of experience are not then employed by Parent or Seller, Parent or Seller will
substitute such personnel or third party personnel having an adequate level of experience; provided, however, that neither Parent nor Seller will have any obligation to retain any individual employee for the sole purpose of providing
any of the Transition Services. 
 (b) Financial Responsibility for Seller Personnel. Parent or Seller will pay for all personnel
expenses, including wages, of its employees performing the Transition Services. Any request by Buyer for travel by any Parent or Seller employee will be considered and treated as a request for Additional Services pursuant to Section 1.

 (c) Seller Manager. During the term of this Agreement, Parent will appoint one of its employees (the “Seller
Manager”) who will have overall responsibility for managing and coordinating the delivery of the Transition Services and will coordinate and consult with the Buyer Manager (as defined in Section 8(d)). Parent may, at its
discretion, select other individuals to serve in the capacity of the Seller Manager during the term of this Agreement. 
 (d) Buyer
Manager. During the term of this Agreement, Buyer will appoint one of its employees (the “Buyer Manager”) who will have overall responsibility for managing and coordinating the delivery of the Transition Services and will
coordinate and consult with the Seller Manager. Buyer may, at its discretion, select other individuals to serve in the capacity of the Buyer Manager during the term of this Agreement. 

9. Software. Any software, development tools, know-how, methodologies, processes, technologies, or algorithms owned by Parent or Seller
and which may during the term of this Agreement be operated or used by Parent or Seller in connection with the performance of the Transition Services hereunder will remain Parent’s or Seller’s property and Buyer will have no rights or
interests therein, except as may otherwise be set forth in the License Agreement or the Asset Purchase Agreement. 
 10. IT Services.

 (a) While using any data processing or communications services of Parent or Seller (whether or not identified in this
Annex A), Buyer shall adhere in all respects to Parent’s and Seller’s 

  
 - 3 - 

 
corporate information policies (including policies with respect to protection of proprietary information and other policies regarding the use of computing resources) as in effect from time to
time and provided in advance to Buyer. 
 (b) Buyer, Parent and Seller will jointly develop mutually acceptable systems conversion plans as
soon as reasonably practicable after the date hereof. If necessary to facilitate such conversion, Parent and Seller agree to use commercially reasonable efforts to assist Buyer to meet the mutually agreed upon milestones, timelines and resource
requirements identified in the final detailed systems conversion plan. Following approval by both parties, the plan will be considered firm and will be used by Parent, Seller and Buyer to synchronize their own related project efforts. 

11. Real Estate and Facilities. 

To address real estate related transition and post-Closing matters, Parent, Seller and Buyer will, at Closing, enter into documents evidencing
the arrangements described on Annex B. 
 12. No Warranty; Limitation of Liability; Relationship of Parties. 

(a) No Warranty. Parent, Seller and Buyer each acknowledge and agree that Parent and Seller have agreed to provide the Transition
Services hereunder as an accommodation to Buyer and that Parent and Seller make no representations or warranties whatsoever, whether express or implied by statute or otherwise, with respect to the Transition Services. NO WARRANTY OF ADEQUACY,
MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE SHALL APPLY TO THE TRANSITION SERVICES. Parent and Seller make no assurance that any of the Transition Services provided hereunder will be error free, but, in the case of errors, and as
Buyer’s sole remedy for such errors, Parent and Seller will endeavor to fix or otherwise remedy such errors in the same manner that Parent and Seller do so for their internal users of similar services. 

(b) Limitation of Liability and Indemnification. 

(i) NO PARTY SHALL BE LIABLE TO THE OTHER, ITS AFFILIATES OR ANY THIRD PARTY FOR ANY INDIRECT, SPECIAL, CONSEQUENTIAL,
COLLATERAL, INCIDENTAL, PUNITIVE OR EXEMPLARY DAMAGES (INCLUDING LOST OR ANTICIPATED REVENUES OR PROFITS RELATING TO THE SAME) ARISING FROM ANY CLAIMS, LOSSES OR DAMAGES RELATING TO THIS AGREEMENT OR ANY OF THE TRANSITION SERVICES PROVIDED
HEREUNDER, WHETHER SUCH IS BASED ON WARRANTY, CONTRACT, TORT (INCLUDING NEGLIGENCE OR STRICT LIABILITY) OR OTHERWISE, EVEN IF AN AUTHORIZED REPRESENTATIVE OF THE FIRST PARTY IS ADVISED OF THE POSSIBILITY OR LIKELIHOOD OF THE SAME. 

(ii) Except insofar as the same relate to Parent’s or Seller’s gross negligence, bad faith or willful misconduct,
Buyer shall indemnify and hold harmless Parent and Seller, their subsidiaries and affiliates, and their directors, officers, employees, agents and representatives (each an “Indemnified Party”) from and against any liability, cost,
damage, expense or loss (including court costs and reasonable attorneys’ fees) which the Indemnified Party may sustain or incur by reason of any claim, demand, suit or recovery by any person or entity resulting from acts or omissions committed
by Parent or Seller in providing the Transition Services. 
 (c) Relationship of the Parties. Each Party hereto is and will remain at
all times an independent contractor of the other Parties in the performance of all Transition Services hereunder. In all matters relating to this Agreement, each Party hereto will be solely responsible for the acts of its employees and agents, and
employees or agents of one Party shall not be considered employees or agents 

  
 - 4 - 

 
of any other Party. Except as otherwise provided herein, no Party will have any right, power or authority to create any obligation, express or implied, on behalf of any other Party nor shall any
Party act or represent or hold itself out as having authority to act as an agent or partner of any other Party, or in any way bind or commit any other Party to any obligations. Nothing in this Agreement is intended to create or constitute a joint
venture, partnership, agency, trust or other association of any kind between the parties or persons referred to herein. 
 (d) Compliance
with Laws. Each Party will comply with all applicable laws, rules, ordinances and regulations of any governmental entity or regulatory agency governing the Transition Services to be provided hereunder. No Party will take any action in violation
of any applicable law, rule, ordinance or regulation that could result in liability being imposed on any other Party. 
 13. General.

 (a) Successors and Assigns. This Agreement inures to the benefit of, and is binding upon, the successors and permitted assigns of
the Parties hereto. No Party may assign its rights or obligations under this Agreement without the express written consent of the other Parties, which will not be unreasonably withheld; provided, however, that, subject to
Section 8(a), Parent and Seller may delegate their duties hereunder to such third parties as may be qualified to provide the Transition Services as long as such delegation does not result in increased costs to Buyer for such Transition
Services. 
 (b) Entire Agreement; Amendments. This Agreement and Annex A together with the Purchase Agreement and the
documents contemplated thereby, contain the entire understanding of the Parties with regard to the subject matter contained herein and therein, and supersede all prior agreements or understandings, written or oral, including prior course of dealing
between Buyer, Parent and Seller related to any subject matter hereof. This Agreement will not be amended, modified or supplemented except by a written instrument signed by an authorized representative of each of the Parties. 

(c) Force Majeure. In the event that Parent or Seller is delayed in or prevented from performing its obligations under this Agreement,
in whole or in part, due to a natural disaster, fire, flood, explosion, civil disorder, strike, lockout or other labor trouble, material shortages of utilities, facilities, labor, materials or equipment, delay in transportation, breakdown or
accident, any law, order, proclamation, regulation, ordinance, demand or requirement of any governmental authority, riot, war, or other cause beyond the reasonable control of Parent or Seller (each a “Force Majeure Event”), then
upon written notice to Buyer, (i) the affected provisions and/or other requirements of this Agreement shall be suspended to the extent necessary during the period of such disability, (ii) Parent and Seller shall have the right to apportion
their services in an equitable manner to all users and (iii) Parent and Seller shall have no liability to Buyer or any other party in connection therewith. Parent and Seller shall resume full performance of this Agreement as soon as practicable
following the conclusion of the Force Majeure Event. 
 (d) Interpretation; No Strict Construction. Article titles and headings to
Sections herein are inserted for convenience of reference only and are not intended to be a part of or to affect the meaning or interpretation of this Agreement. Annex A shall be construed with and as an integral part of this Agreement to the
same extent as if set forth verbatim herein. The language used in this Agreement shall be deemed to be the language chosen by the Parties hereto to express their mutual intent, and no rule of strict construction shall be applied against any Party
hereto. 
 (e) Partial Invalidity. If any provision of this Agreement, or the application thereof, is held by a court of competent
jurisdiction to be invalid, void or unenforceable, the remainder of the provisions of this Agreement, will in no way be affected, impaired or invalidated, and to the extent permitted by applicable law, any such provision will be restricted in
applicability or reformed to the minimum extent required for such provision to be enforceable. 

  
 - 5 - 

 (f) No Third Party Beneficiary. This Agreement will not confer any rights or remedies on
any person other than the Parties hereto and their respective successors and permitted assigns. 
 (g) Counterparts. This Agreement
may be executed in one or more counterparts, all of which shall be considered one and the same agreement, and shall become effective when one or more counterparts have been signed by each of the Parties and delivered to the other Parties. 

(h) Notices. Wherever under this Agreement one Party is required or permitted to give written notice to the other Parties, such notice
will be deemed given if made in accordance with the terms of the Purchase Agreement. 
 (i) Nonwaiver. No alleged waiver,
modification or amendment to this Agreement or Annex A shall be effective against any Party hereto, unless in writing, signed by the Party against which such waiver, modification or amendment is asserted, and referring specifically to the
provision hereof alleged to be waived, modified or amended. The failure or delay of any Party to insist upon the other Parties’ strict performance of the provisions in this Agreement or to exercise in any respect any right, power, privilege, or
remedy provided for under this Agreement shall not operate as a waiver or relinquishment thereof, nor shall any single or partial exercise of any right, power, privilege, or remedy preclude other or further exercise thereof, or the exercise of any
other right, power, privilege, or remedy; provided, however, that the obligations and duties of any Party with respect to the performance of any term or condition in this Agreement shall continue in full force and effect. 

(j) Confidentiality. Subject to the terms of the Purchase Agreement, each Party hereto shall cause each of its Affiliates and each of
their officers, directors, employees, agents, representatives, successors and assigns to hold all information relating to the business of the other Party disclosed to it by reason of this Agreement confidential and will not disclose any of such
information to any party unless legally compelled to disclose such information; provided, however, that to the extent that any Party may become so legally compelled such Party may only disclose such information if it shall first have used reasonable
efforts to, and, if practicable, shall have afforded the other Parties the opportunity to obtain, an appropriate protective order or other satisfactory assurance of confidential treatment for the information required to be so disclosed. 

(k) Governing Law. This Agreement shall be governed by and construed in accordance with the internal laws of the State of Delaware
applicable to agreements made and to be performed entirely within such State, without regard to the conflicts of law principles of such State. 

*    *    *    *    * 

  
 - 6 - 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their duly
authorized representatives as of the date and year first set forth above. 
  

			
	VEOLIA ENVIRONMENTAL SERVICES NORTH AMERICA LLC
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	VES SOLID WASTE HOLDING LLC
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	STAR ATLANTIC WASTE HOLDINGS II, L.P.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 - 7 - 

 ANNEX A 

See the description of Initial Transition Services in Section 6.15 of the Purchase Agreement. 

 ANNEX B 

Sheboygan, WI Site (Owned) 
  

							
	Description:	 	Lease for premises currently occupied and utilized by Veolia ES Industrial Services for office and storage purposes
		
	Tenant:	 	Veolia ES Industrial Services 
		
	Premises:	 	Approximately (i) 2,500 square feet of office space on the second floor of the office building and (ii) three (3) acres of land for equipment storage.
		
	Term:	 	Through December 31, 2013, unless terminated by Tenant as provided below
				
	Rent:	 	Closing – December 31, 2012	 	$5,500 gross rent per month	 	
				
		 	Thereafter Month-to-Month	 	$5,500 gross rent per month	 	

 Other Terms: 
  

	•	 	After December 31, 2012, either party shall have the right to terminate the lease upon thirty (30) days prior written notice to the other party 

 

	•	 	Common facilities use agreement included in lease agreement to account for shared use of (i) fueling pump (with charges to Tenant at market rates), (ii) truck wash bay, (iii) parking facilities and
(iv) any other necessary shared facilities. 

 Fort Atkinson, WI Site (Owned) 

 

					
	Description:	 	Lease for premises currently occupied and utilized by Veolia ES Industrial Services for office, industrial and storage purposes 
		
	Tenant:	 	Veolia ES Industrial Services 
		
	Premises:	 	(i) Approximately 1,180 square feet of office space in one of the office buildings on site, (ii) the entire can crusher building and surrounding land (including the storage tank) at the west end of site,
(iii) [                    ] acres of land for equipment storage.
		
	Term:	 	Commencing upon the closing and expiring December 31, 2017
			
	Rent:	 	Closing – December 31, 2012	 	(i) Costs incurred with respect to separately metered utilities for office premises and can crusher building plus (ii) forty percent (40%) of real estate taxes paid on the entire site
			
		 	January 1, 2013 – December 31, 2017	 	[                    ]1

 Other Terms: 
  

	•	 	A survey of the property will be done to specify and depict the Premises 

  

	•	 	Office space shall be subject to surrender by Tenant upon ninety (90) days written notice to Landlord 

  

	•	 	Common facilities use agreement included in lease agreement to account for shared use of (i) fueling pump (with charges to Tenant at market rates), (ii) parking facilities and (iii) any other necessary
shared facilities. 

  

	1 	To be determined; market rent subject to annual CPI increases. 

 Glacier Ridge, WI Site (Owned) 

 

			
	Description:	  	Easement for portion of property containing storage tank and pump house owned by Veolia ES Industrial Services, as well as access to and maintenance of such area 
		
	Grantee:	  	Veolia ES Industrial Services 
		
	Easement Area:	  	Approximately [                    ] acres, including the tank and existing pump house, as well as all other improvements thereto

		
	Term:	  	Commencing upon the closing and continuing until terminated as provided below
		
	Rent:	  	$1,000 per year

 Other Terms: 
  

	•	 	[If Grantor reasonably anticipates requiring the use of the Easement Area in connection with its business at the facility, Grantor shall have right to (i) relocate the Easement Area upon twelve (12) months
notice (which notice cannot be given earlier than twelve (12) months after the commencement of the term) to a mutually agreeable location within the facility and (ii) terminate the Easement upon fifteen (15) months notice (which
notice cannot be given earlier than twelve (12) months after the commencement of the term)]2 

  

	•	 	Grantee shall have the right to terminate the easement upon sixty (60) days notice to Grantor 

  

	•	 	In the event the easement is terminated, Grantee shall remove the existing tank and pump house from the Easement Area at its expense 

 

	•	 	Access by Grantee to Easement Area limited to normal business hours of Solid Waste 

  

	2 	Please note these terms are subject to review and approval by Veolia ES Industrial Services. 

 Milwaukee, WI Offices (Leased) 

 

			
	Description:	  	Veolia Environmental Services North America Inc. (“VESNA”) currently utilizes the 1st floor (the “Premises”) of these leased premises. Parties to
negotiate with landlord regarding separation of the Premises from the balance of the leased space. If agreement on such separation cannot be reached with landlord prior to closing, Buyer to grant VESNA a sublease for the Premises 
		
	Subtenant:	  	Veolia Environmental Services North America LLC
		
	Premises:	  	Approximately [                ] square feet of office space on the 1st floor of the leased
premises
		
	Term:	  	Commencing upon the closing and expiring with the underlying master lease, unless terminated earlier as provided below
		
	Rent:	  	Proportionate share of rent due under the master lease relating to Premises

 Other Terms: 
  

	•	 	Sublease shall terminate if Subtenant enters into a direct lease with the master landlord 

  

	•	 	Parties to reasonably allocate parking and other joint use facilities, if any 

 Exhibit B 

[Letterhead of Issuing Bank] 
 Date of
Issuance: [            ], 2012 
 Irrevocable Standby Letter of Credit No.
[                    ] 
 Beneficiaries: 

Veolia Environnement SA 
 36/38 avenue Kléber 

75116 Paris 
 France 

Veolia Environmental Services North America LLC 
 200 E. Randolph
Street, Suite 7900 
 Chicago, Illinois 60601 
 Ladies and
Gentlemen: 
 We hereby establish our Irrevocable Standby Letter of Credit No.
[                    ] (the “Letter of Credit”) in favor of the Beneficiary (as hereinafter defined), for the account of
[Insert name of Buyer] (the “Account Party”), in the aggregate amount not exceeding [dollar amount of Remaining Obligations plus five (5) percent] United States Dollars (U.S.
$[        ]) (the “Stated Amount”). This Letter of Credit is issued in connection with that certain Share Purchase Agreement dated as of July 18, 2012, (as amended, amended and
restated, supplemented or otherwise modified from time to time, the “Supported Share Purchase Agreement”) between Veolia Environmental Services North America LLC (“VESNA”), VES Solid Waste Holding LLC, and the
Account Party. 
 As used herein, the term “Beneficiary” or “Beneficiaries” means Veolia Environnement SA,
a public company incorporated under the law of France, and VESNA or any Transferee (as hereinafter defined). As used herein, the term “Business Day” means any day of the year in which banks in New York City are not authorized or
required by law or executive order to close. 
 Funds under this Letter of Credit are available to the Beneficiaries, by payment, against
presentation to [Insert Issuing Bank’s L/C window address] on or before the Expiration Date (as hereinafter defined) of a Drawing Certificate, executed by an officer of each of the Beneficiaries, in the form of Annex A attached
hereto (a “Drawing Certificate”). 
 This Letter of Credit shall expire twelve (12) months from the date of issuance
of this Letter of Credit (the “Expiration Date”). This Letter of Credit may not be amended, changed or modified without the express written consent of the Beneficiary, the Account Party, and [Insert name of Issuing Bank].

 Partial and multiple drawings are permitted hereunder. The aggregate amount of drawings hereunder, however, shall not exceed the Stated
Amount. 
 We hereby agree with the Beneficiaries that Drawing Certificates drawn under and in compliance with the terms of this Letter of
Credit shall be duly honored upon presentation as specified. Payment 

 
under this Letter of Credit shall be made in United States dollars in immediately available funds by wire transfer to such account as may be designated by the interested Beneficiary in the
applicable Drawing Certificate on or before the first Business Day after presentation of a Drawing Certificate in compliance with the terms of this Letter of Credit. If any Drawing Certificate presented does not in our opinion conform to the terms
and conditions hereof, we will further advise this Beneficiary of the same by telephone within one Business Day and give the reasons for such non-conformance. 

All our commissions, expenses and charges incurred with respect to this Letter of Credit, including any fees for the transfer of this Letter
of Credit, are for the account of the Account Party. 
 This Letter of Credit is transferable in whole (but not in part) to a Person
succeeding to VESNA’s rights and interests under and in accordance with the Supported Share Purchase Agreement (any such Person, a “Transferee”). Transfer to a Transferee will be effected only upon receipt by us of an executed
Transfer Request, acknowledged by the Account Party and in the form of Annex B attached hereto, accompanied by the original of this Letter of Credit (and amendments, if any) and payment of our transfer fee. We will effect a transfer, at our
option, by issuing a substitute letter of credit to the Transferee, or endorsing such transfer on the reverse of this Letter of Credit. 

This Letter of Credit is issued subject to the International Standby Practices 1998, International Chamber of Commerce publication
No. 590 (ISP98) and as to matters not addressed by the ISP98 this Letter of Credit shall be governed by, and construed in accordance with, laws of the State of New York, without regarding to principles of conflict of laws. 

Yours very truly, 
  

									
	[NAME OF ISSUING BANK]	 		 		 	
					
	By:	 	  
	 		 	By:	 	  

		 	(Authorized Signature)	 		 		 	(Authorized Signature)
					
		 	Name:	 		 	Name:	 	
		 	Title:	 		 	Title:	 	
		 	Telephone No.:	 		 	Telephone No.:

 ANNEX A 

FORM OF DRAWING CERTIFICATE 
 [Date]

  

	To:	[Insert name of issuing bank and L/C window address]  

 Re: Your Irrevocable Standby
Letter of Credit No. [                    ]  

Ladies and Gentlemen: 
 This certificate is
delivered to you in accordance with your Irrevocable Standby Letter of Credit No. [                    ] held by us (the “Letter of
Credit”). 
 The undersigned, a duly authorized officer of [insert name of Beneficiary on date of Drawing
Certificate], one of the Beneficiaries of the Letter of Credit, hereby certifies that this Beneficiary is entitled to draw under the Letter of Credit pursuant to that certain Share Purchase Agreement, dated as of July 18, 2012
(as amended, amended and restated, supplemented or otherwise modified from time to time, the “Supported Share Purchase Agreement”) between Veolia Environmental Services North America LLC, VES Solid Waste Holding LLC, and [Insert
name of Buyer], inasmuch as one or more of the following events has occurred and is continuing [check applicable provision]: 
  

 ̈ 
  

	 	(a)	nonpayment by the Account Party of an amount payable under Section 6.17(d) of the Supported Share Purchase Agreement; 

  

 ̈ 
  

	 	(b)	the Beneficiary has been or is required to make a payment pursuant to or in connection with any of the Remaining Obligations (as defined in the Supported Share Purchase Agreement); or 

 
  ̈ 

 

	 	(c)	Account Party has not substituted all the Remaining Obligations twenty (20) calendar days prior the expiration of the Letter of Credit. 

Therefore, the Beneficiary hereby demands payment of [amount to be inserted] United States Dollars (U.S.
$[amount to be inserted] from you under the Letter of Credit. 
 Payment of the above demanded amount is to be
made to the Beneficiary, by wire transfer in immediately available funds, in accordance with the following payment instructions: 
 In
furtherance of this demand for payment, the undersigned also certifies that the Beneficiary has given three (3) Business Days Notice to the Account Party of its intention to draw on the Letter of Credit, in compliance with the terms of the
Supported Share Purchase Agreement. 
 Unless otherwise provided herein, capitalized terms which are used and not defined herein shall have
the meanings given each such term in the Letter of Credit. 
 [payment instructions to be inserted] 

 IN WITNESS WHEREOF, this Drawing Certificate has been executed on the date first written above.

  

			
	[Insert name of Beneficiary on date of Drawing Certificate]
		
	By:	 	  

	Name:	 	
	Title:	 	

 ANNEX B 

FORM OF TRANSFER REQUEST 
 [Date]

  

	To:	[Insert name of issuing bank]  

  

	 	Re:	Your Irrevocable Standby Letter of Credit No. [                    ]  

Ladies and Gentlemen: 
 For value received, the
undersigned Beneficiary hereby irrevocably instructs you to transfer to: 
  

					
		 	  
	 	
		 	(name of transferee)	 	
			
		 	  
	 	
		 	(address)	 	

 all rights of the undersigned Beneficiary under the above referenced Letter of Credit (the “Credit”) in its
entirety. The foregoing Transferee (the “Transferee”) has succeeded to the undersigned’s rights and interests under and in accordance with the Supported Share Purchase Agreement. 

By this transfer, all rights of the undersigned Beneficiary in the Credit are transferred, subject to the terms thereof, to the Transferee and
the Transferee shall have sole rights relating to any drawings and any amendments, whether increases, decreases, extensions or other amendments. Amendments are to be advised direct to the Transferee without necessity of any consent of or notice to
the undersigned Beneficiary. 
 The Credit is returned to you herewith and we ask you, at your option, to either endorse the transfer on the
reverse thereof and forward it direct to the Transferee, with your customary notice of transfer, or in exchange for the Credit to issue a replacement Letter of Credit in favor of the Transferee containing the same terms and conditions as the Credit
and to forward the replacement Letter of Credit direct to the Transferee, with your customary notice of transfer. 
 Unless otherwise provided herein,
capitalized terms which are used and not defined herein shall have the meaning given each such term in the Letter of Credit. 

 
			
	Very truly yours,
	
	[Insert name of Beneficiary]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 The above signature is guaranteed and is in conformity to that on file with us as to the signer’s authorization for
the execution of this instrument. 
  

			
	 [Name of Authenticating Bank]

		
	 By:
	 	
 

			
	 Name & Title:
	 	
 

			
	
	 Agreed and Acknowledged:

	
	 [Insert name of Account Party]

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

 Exhibit C 

GUARANTY AGREEMENT 

This GUARANTY AGREEMENT (this “Guaranty”) is made and entered into as of
[            ], 2012, by and between Veolia Environnement SA (“Guarantor”) and Star Atlantic Waste Holdings II, L.P. (“Buyer”). All capitalized terms used
herein and not otherwise defined shall have the meaning set forth in the Share Purchase Agreement, dated July 18, 2012 (the “Purchase Agreement”), by and among Veolia Environmental Services North America Corp., a Delaware
corporation (“Parent”), VES Solid Waste Holding LLC, a Delaware limited liability company (“Seller”), and Buyer providing for the sale and purchase of all of the issued and outstanding shares of common stock of
Veolia ES Solid Waste, Inc., a Wisconsin corporation. 
 RECITALS: 

WHEREAS, Guarantor has agreed to provide a guaranty to Buyer or its Designated Buyer in connection with the Purchase Agreement.

 NOW, THEREFORE, in consideration of the promises and the representations, warranties, covenants and agreements herein
contained and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound, Guarantor hereby agrees as follows: 

AGREEMENT: 
 1. Guaranty.
Guarantor hereby (a) guarantees to Buyer or its Designated Buyer the full payment by Parent and Seller of their respective obligations arising under Article IX of the Purchase Agreement and (b) agrees to cause Parent and Seller to perform
all of their respective obligations under the Purchase Agreement (the “Guaranteed Obligations”). 
 2. Conditions of
Guaranty. Notwithstanding anything stated herein, Guarantor’s liability under this Guaranty shall be subject to all limitations on the obligations of Parent and Seller, including those set forth in Articles X and XI of the Purchase
Agreement. Guarantor shall be entitled to assert any and all defenses against any claim asserted by Buyer to enforce this Guaranty that Seller would be entitled to assert under the Purchase Agreement, including that Buyer has not suffered Damages
subject to indemnification pursuant to Section 9.3 of the Purchase Agreement, but excluding any defenses Parent and Seller may have as a result of any proceeding, voluntary or involuntary, involving the bankruptcy, insolvency, receivership,
reorganization, liquidation or arrangement of Parent or Seller. 
 3. Representations and Warranties of Guarantor. Guarantor hereby
represents and warrants that (a) Guarantor is the owner of a direct or indirect interest in Parent and Seller and will benefit from the granting of this Guaranty; (b) the Guarantor is validly existing and in good standing under the law of
France; (c) this Guaranty is duly authorized, is valid and is binding upon Guarantor; (d) Guarantor is not, and the execution, delivery and performance by Guarantor of this Guaranty will not cause Guarantor to be, in conflict with any
provision of the organizational or constituent documents of the Guarantor, in violation of or in default with respect to any law or in default (or provide cause for acceleration of indebtedness) under any agreement or restriction by which Guarantor
is bound or affected; (e) after giving effect to this Guaranty, Guarantor is solvent; and (f) all necessary action has been taken under the law of France to authorize the execution, delivery and performance of this Guaranty and to make
this Guaranty admissible in evidence in France. Guarantor’s representations and warranties are a material inducement to Buyer to enter into the Purchase Agreement and the Transaction Documents and shall survive the execution hereof and any
bankruptcy, foreclosure, transfer of security or other event affecting Parent, Seller, or Guarantor. 

  
 1 

 Exhibit C 
  

 4. Term of Guaranty. This Guaranty shall continue in full force and effect until the
Guaranteed Obligations are fully and finally discharged. 
 5. Miscellaneous. 

(a) Assignment. No party hereto may assign (by contract, stock sale, operation of Law or otherwise) either this Guaranty
or any of its rights, interests, or obligations hereunder without the express prior written consent of the other parties hereto, and any attempted assignment, without such consent, shall be null and void; provided, however, that Buyer may assign any
of its rights, interests or obligations hereunder in accordance with Section 2.9 of the Purchase Agreement without the consent of Guarantor following which such assignee shall be considered to be a party hereto with all rights and obligations
of Buyer hereunder. Subject to the preceding sentence, this Guaranty shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. 

(b) Notices. All notices and other communications required or permitted to be given by any provision of this Agreement
shall be in writing and mailed (certified or registered mail, postage prepaid, return receipt requested) or sent by hand or overnight courier, or by facsimile transmission (with acknowledgment received), charges prepaid and addressed to the intended
recipient as follows, or to such other addresses or numbers as may be specified by a party hereto from time to time by like notice to the other parties hereto: 
  

			
	If to Guarantor:	  	Veolia Environnement
		  	36-38 Avenue Kléber
		  	75116 Paris,
		  	France
		  	Attn.: Eric Haza (Group General Counsel)
		  	Facsimile: +33 1 71 75 11 37
		  	E-mail: eric.haza@veolia.com
		
	with a copy to:	  	Jones Day
		  	77 West Wacker Drive
		  	Chicago, Illinois 60601
		  	Attn.: Elizabeth C. Kitslaar
		  	Facsimile: (312) 782-8585
		  	E-mail: ekitslaar@jonesday.com
		
	If to Buyer:	  	Star Atlantic Waste Holdings II, L.P.
		  	c/o Advanced Disposal Services, Inc.
		  	7915 Baymeadows Way, Suite 400
		  	Jacksonville, Florida 32256
		  	Attn: General Counsel
		  	Telephone: 904-737-7900
		  	Facsimile: 904-493-3041
		  	E-mail: cmills@advanceddisposal.com
		
	with a copy to:	  	Star Atlantic Waste Holdings II, L.P.
		  	c/o Highstar Capital
		  	277 Park Avenue, 45th Floor
		  	New York, New York 10172
		  	Attn: General Counsel
		  	Telephone: 646-857-8700
		  	 Facsimile: 646-857-8848

		  	 E-mail: James.Burchetta@highstarcapital.com

  
 2 

 Exhibit C 
  

 (c) Amendments and Waivers. This Guaranty may not be amended,
supplemented or otherwise modified except in a written instrument executed by each of the parties hereto. No waiver by any of the parties hereto of any default, misrepresentation, or breach of warranty or covenant hereunder, whether intentional or
not, shall be deemed to extend to any prior or subsequent default, misrepresentation, or breach of warranty or covenant hereunder or affect in any way any rights arising by virtue of any prior or subsequent such occurrence. No waiver by any of the
parties hereto of any of the provisions hereof shall be effective unless explicitly set forth in writing and executed by the party hereto sought to be charged with such waiver. 

(d) Headings. The section headings contained in this Guaranty are for reference purposes only and shall not be deemed a
part of this Guaranty or affect in any way the meaning or interpretation of this Guaranty. 
 (e) Construction. The
parties hereto have participated jointly in the negotiation and drafting of this Guaranty. In the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties hereto and no
presumption or burden of proof shall arise favoring or disfavoring any party hereto by virtue of the authorship of any of the provisions of this Guaranty. 

(f) Entire Agreement. This Guaranty constitutes the entire agreement among the parties hereto with respect to the
subject matter hereof and supersedes any prior understandings, negotiations, agreements, discussions or representations among the parties hereto of any nature, whether written or oral, to the extent they relate in any way to the subject matter
hereof or thereof. 
 (g) Severability. If any provision of this Guaranty or the application of any such provision to
any Person or circumstance shall be declared by any court of competent jurisdiction to be invalid, illegal, void or unenforceable in any respect, all other provisions of this Guaranty, or the application of such provision to Persons or circumstances
other than those as to which it has been held invalid, illegal, void or unenforceable, shall nevertheless remain in full force and effect and will in no way be affected, impaired or invalidated thereby. Upon such determination that any provision, or
the application of any such provision, is invalid, illegal, void or unenforceable, the parties hereto shall negotiate in good faith to modify this Guaranty so as to effect the original intent of the parties hereto as closely as possible to the
fullest extent permitted by applicable Law in an acceptable manner to the end that the transactions contemplated hereby are fulfilled to the greatest extent possible. 

(h) Governing Law. This Agreement and all claims arising out of or relating to this Agreement and the transactions
contemplated hereby shall be governed by the Laws of the State of Delaware, without regard to the conflicts of law principles that would result in the application of any Law other than the Law of the State of Delaware. 

(i) Consent to Jurisdiction; Waiver of Jury Trial. Each of the parties hereto irrevocably submits to the exclusive
jurisdiction of (i) state courts of the State of New York sitting in New York County and (ii) the United States District Court for the Southern District of New York for the purposes of any suit, Action or other proceeding arising out of or
relating to this Agreement or any transaction contemplated hereby (and agrees not to commence any Action, 

  
 3 

 Exhibit C 
  

 
suit or proceeding relating hereto except in such courts). Each of the parties hereto further agrees that service of any process, summons, notice or document hand delivered or sent by U.S.
registered mail to such party’s respective address set forth in Section 5(b) will be effective service of process for any Action, suit or proceeding in New York with respect to any matters to which it has submitted to jurisdiction as set
forth in the immediately preceding sentence. Each of the parties hereto irrevocably and unconditionally waives any objection to the laying of venue of any Action, suit or proceeding arising out of or relating to this Agreement or the transactions
contemplated hereby in (i) state courts of the State of New York sitting in New York County or (ii) the United States District Court for the Southern District of New York, and hereby further irrevocably and unconditionally waives and
agrees not to plead or claim in any such court that any such Action, suit or proceeding brought in any such court has been brought in an inconvenient forum. Notwithstanding the foregoing, each party hereto agrees that a final judgment in any Action
or proceeding so brought shall be conclusive and may be enforced by suit on the judgment in any jurisdiction or in any other manner provided in law or in equity. EACH OF THE PARTIES IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION,
PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT OR THE ACTIONS OF THE PARTIES IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE OR
ENFORCEMENT HEREOF, OR ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) AGAINST ANY FINANCING SOURCE PARTIES OR THEIR AFFILIATES. 

(j) Counterparts. This Guaranty may be executed in any number of counterparts, each of which shall be deemed an original
but all of which together will constitute one and the same instrument. Any facsimile or electronically transmitted copies hereof or signature hereon shall, for all purposes, be deemed originals. 

[Signature page follows] 

  
 4 

 IN WITNESS WHEREOF, this Guaranty Agreement has been duly executed by Guarantor
and Buyer as of the date first written above. 
  

			
	GUARANTOR:
	
	VEOLIA ENVIRONNEMENT SA
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	BUYER:
	
	STAR ATLANTIC WASTE HOLDINGS II, L.P.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 [Signature Page to Guaranty Agreement] 

 Annex I 

Special Tax Provisions 

Section 1 Tax Indemnification. 

(a) From and after the Closing Date, Parent and Seller shall indemnify and defend Buyer, its Affiliates and each member of the Company Group
(each, a “Tax Indemnified Buyer Party” and collectively, the “Tax Indemnified Buyer Parties”) against and hold the Tax Indemnified Buyer Parties harmless from any and all of the following Taxes and related Damages
(in each case, whether imposed, assessed, due or otherwise payable directly, as a successor or transferee, jointly and/or severally, pursuant to a contract or other agreement entered (or assumed) by any member of the Company Group on or prior to the
Closing Date, or for any other reason) actually incurred (each a “Tax Loss” and collectively, the “Tax Losses”), subject to the limitations in Section 9.3(f) of the Agreement, in respect of: (i) Taxes of
any member of the Company Group attributable to taxable periods ending on or before the Closing Date or allocable under Section 5 of this Annex I to the portion of any Straddle Period ending on the Closing Date
(“Pre-Closing Taxes”, and such periods (and portions thereof), collectively, the “Pre-Closing Taxable Period”); (ii) Taxes of any member of an affiliated, consolidated, combined or unitary group of which any
member of the Company Group is or was a member on or prior to the Closing Date (including the Affiliated Group), including such Taxes that any member of the Company Group is liable for under Treas. Reg. § 1.1502-6 or comparable provision of
foreign, state or local Law; (iii) Taxes resulting from (A) a breach of a representation or warranty contained in Section 3.8 (Tax Matters) (in each case construed as if they were not qualified by “knowledge,”
“material,” “material adverse effect” or similar language) or (B) a breach of a covenant or other agreement of the Seller contained in this Annex I or Section 6.1(a)(ii)(N); (iv) Seller’s
allocable share of all Transfer Taxes as determined under Section 8 of this Annex I; (v) Taxes resulting from any loss, reduction, disallowance, or unavailability (in whole or in part) of any refund (whether as cash or a
credit or offset against Taxes otherwise payable) that (A) was included in the computation of Net Working Capital or Net Company Debt as finally determined or (B) gave rise to a payment to, or for the benefit of Seller under
Section 6 of this Annex I; (vi) Taxes resulting from the Pre-Closing Transactions; and (vii) Taxes incurred by Buyer, or any of its Affiliates with respect to any income of any member of the Company Group that is a
“controlled foreign corporation” or partnership for U.S. federal Income Tax purposes which was realized in its year including the Closing Date, but is attributable to the portion of such year that ends on the Closing Date (computed
assuming each member of the Company Group had a year that ended as of the end of the Closing Date); provided, however, that Parent and Seller shall not be liable for (x) any Taxes to the extent reserved for as an Included Current Liability in
the computation of Net Working Capital, as finally determined (or in the case of Income Taxes, to the extent included in the computation of Net Company Debt, as finally determined); (y) any Taxes imposed on any member of the Company Group as a
result of transactions occurring on the Closing Date that are outside the ordinary course of business and not contemplated by this Agreement and properly allocable (based on, among other relevant factors, factors set forth in Treas. Reg. §
1.1502-76(b)(1)(ii)(B)) to the portion of the Closing Date after the Closing; or (z) any interest or penalties imposed or assessed, or Tax Losses incurred, to the extent attributable to Buyer’s late filing or lack of cooperation as
required by Section 3(c) of this Annex I that causes late filing by Parent or Seller of any Tax Return of a member of the Company Group due after the Closing Date (after taking into account all appropriately requested extensions
made by Parent, Seller or a member of the Company Group prior to the Closing Date) or late payment of any Taxes shown as due on such Tax Return (unless such late filing or payment is attributable to a breach of a covenant by Seller or Parent or
representation or warranty with respect to any member of the Company Group by the Seller or Parent). 
 (b) From and after the Closing Date,
Buyer shall indemnify and defend Parent, Seller, and their Affiliates, and hold them harmless against the following Taxes: (i) Taxes of any member of the Company Group for a taxable period, or portion of the Straddle Period for which Buyer is

  
 A-1 

 
responsible pursuant to Section 5 of this Annex I, (other than to the extent such Taxes are to be paid or otherwise indemnified by Parent of Seller under
Section 1(a) of this Annex I); (ii) Buyer’s allocable share of all Transfer Taxes as determined under Section 8 of this Annex I; (iii) Taxes as a result of transaction occurring on the Closing
Date that are outside of the ordinary course of business and not contemplated by this Agreement and properly allocable (based on, among other relevant factors, factors set forth in Treas. Reg. § 1.1502-76(b)(1)(ii)(B)) to the portion of the
Closing Date after the Closing; (iv) Taxes to the extent reserved for as an Included Current Liability in the computation of the Net Working Capital, as finally determined (or in the case of Income Taxes, included in the computation of Net
Company Debt, as finally determined); and (v) any interest or penalties imposed or assessed, or Tax Losses incurred, to the extent attributable to Buyer’s late filing or lack of cooperation as required by Section 3(c) of this
Annex I that causes late filing by Parent or Seller of any Tax Return of any member of the Company Group due after the Closing Date (after taking into account all appropriately requested extensions made by Parent, Seller or member of the
Company Group prior to the Closing Date) or a late payment of any Taxes shown as due on such Tax Return (other than to the extent such Taxes are to be indemnified by Parent or Seller under Section 1(a) of this Annex I).; provided,
however, Buyer shall not have any obligation under any provision of this Annex I for any interest or penalties imposed or assessed, or Tax Losses incurred, to the extent attributable to Parent, Seller, or any of their Affiliates late
filing of any Tax Return or late payment of any Taxes shown as due on such Tax Return, other than as a result of a lack of cooperation by Buyer as required by Section 3(c) of this Annex I. 

Section 2 Tax Indemnification Procedures. 

(a) After the Closing, Buyer shall promptly (and in any event within sixteen (16) calendar days) notify Seller in writing of any demand,
claim or notice of the commencement of an audit received by Buyer from any Governmental Authority or any other Person with respect to Taxes for which Parent or Seller may be liable pursuant to Section 1 of this Annex I; provided,
however, that a failure to give such notice will not affect Buyer’s rights to indemnification under this Annex I, except to the extent that the failure to notify Seller adversely affects Parent, Seller, or their ability to adequately
defend a Contest (as defined in Section 3 of this Annex I) in respect of such Taxes. 
 (b) Payment by an indemnitor of
any amount due to an indemnitee under this Annex I shall be made within twenty (20) days following written notice by the indemnitee that payment of such amounts to the appropriate Governmental Authority or other applicable third party is
due by the indemnitee, provided that the indemnitor shall not be required to make any payment earlier than five (5) Business Days before it is due to the appropriate Governmental Authority (whether in connection with a Tax Return or the
imposition or assessment by the Governmental Authority) or applicable third party (for this purpose, Taxes shall be due to a Governmental Authority if the Taxes are being contested but as part of contesting such Tax, it is required, or it is decided
by Seller as part of controlling a relevant Contest (or if agreed to by Seller (which shall not be unreasonably withheld, delayed or conditioned), if the Contest is being controlled by Buyer) to pay (in whole or in part) the subject Taxes prior to,
or during, the course of such Contest). In the case of a Tax that is contested in accordance with the provisions of Section 3 of this Annex and for which payment is stayed until a date no earlier than the date of a “final
determination,” payment of such contested Tax will not be considered due earlier than the date a “final determination” to such effect is made by such Tax authority or a court. For this purpose, a “final determination” shall
include a settlement, compromise, or other agreement with the relevant Tax authority, whether contained in an Internal Revenue Service Form 870 or other comparable form or otherwise, or other document or agreement, such as a closing agreement with
the relevant Tax authority, an agreement contained in Internal Revenue Service Form 870-AD or other comparable form, an agreement or other document that constitutes a “determination” under Section 1313(a) of the Code, a deficiency
notice with respect to which the period for filing a petition with the Tax authority or a court or the relevant state, local or foreign tribunal has expired or a decision of any court of competent jurisdiction that is not subject to appeal or as to
which the time for appeal has expired. 

  
 A-2 

 Section 3 Tax Audits and Contests; Cooperation. 

(a) Parent and Seller shall have the right to settle and control the conduct, through counsel of its own choosing at its own expense, of any
audit or administrative, judicial or other proceeding involving any asserted Tax liability or refund with respect to any member of the Company Group (any such audit or proceeding relating to an asserted Tax liability referred to herein as a
“Contest”) relating to any taxable period ending on or prior to the Closing Date; provided, however, to the extent the Contest does not relate to an Affiliated Group Tax Return, Buyer shall have the right to participate, at their
own expense, in such Contest (and Seller shall keep Buyer reasonably informed of the progress of such Contest and shall consult with Buyer before taking any significant action in connection therewith). Parent and Seller shall not settle or
compromise any such Contest in a manner which adversely affects the Tax liability of Buyer or the Company Group (to the extent Buyer or the Company Group may be required to make any payment for such Tax liability that is not fully indemnified by
Parent and Seller) without the prior written consent of Buyer, which consent shall not be unreasonably withheld, conditioned or delayed. Parent and Seller may decline to control any such Contest by providing Buyer with a written notice of such
decision, provided that such decision shall not impact Parent’s or Seller’s obligation for any Tax Losses with respect to such Contest. Notwithstanding the foregoing, if any Contest relates to an Affiliated Group Tax Return, Parent and
Seller shall have the sole right to control and settle such Contest, provided, Parent and Seller shall keep Buyer reasonably informed to the extent such Contest relates to Taxes or Tax matters of any member of the Company Group. 

(b) In the case of a Contest that relates to a Straddle Period (as defined in Section 5 of this Annex I), Buyer shall
control the conduct of such Contest, but Parent and Seller shall have the right to participate in such Contest at Parent’s and Seller’s own expense. With respect to a Contest that relates to a Straddle Period controlled by Buyer, neither
Buyer nor the Company shall settle or compromise any such Contest to the extent it would result in a Tax that Parent or Seller is obligated to pay or indemnify for under this Annex I without the prior written consent of Parent and Seller,
which consent shall not be unreasonably withheld, conditioned or delayed. 
 (c) Buyer, the Company, Parent and Seller shall (and shall
cause their respective Affiliates to) (i) assist in the preparation and timely filing of any Tax Return of the Affiliated Group or any member of the Company Group; (ii) reasonably assist in any audit or other legal proceeding with respect
to Taxes or Tax Returns of the Affiliated Group or any member of the Company Group (whether or not a Contest); (iii) make available any information, records, or other documents relating to any Taxes or Tax Returns of the Affiliated Group or of
any member of the Company Group; (iv) provide any information necessary or reasonably requested to allow Buyer or any member of the Company Group to comply with any information reporting or withholding requirements contained in the Code or
other applicable Laws; and (v) reasonably make available, upon request and during mutually convenient normal business hours, personnel with knowledge relevant to any Tax matter or contest involving the Affiliated Group or any member of the
Company Group. 
 (d) Each of the Parties shall (a) use its reasonable best efforts to properly retain and maintain the tax and
accounting records of and relating to the Company and its Subsidiaries that relate to Pre-Closing Taxes until the later of (i) the expiration of the statute of limitations for the taxable periods to which such Tax Returns and other documents
relate, without regard to extensions, and (ii) six (6) years following the due date (including allowed extensions) for such Tax Returns and shall thereafter provide each other with written notice prior to any destruction, abandonment or
disposition of all or any portions of such records, (b) transfer such records to Seller upon its written request prior to any such destruction, 

  
 A-3 

 
abandonment or disposition; and (c) allow the other Party and its Affiliates and their respective agents and representatives, at times and dates reasonably and mutually acceptable to the
parties, to from time to time inspect and review such records as reasonably necessary for the filing of Tax Returns or the conduct of a Contest. Any information obtained under this Section 3(d) of this Annex I shall be kept
confidential, except as may be otherwise necessary in connection with the filing of Tax Returns or in the conduct of a Contest. 
 (e) This
Section 3 of this Annex I (and not Section 9.4) shall govern with respect to any Tax matters. 
 Section 4
Preparation of Tax Returns and Payment of Taxes. 
 (a) Seller, at its sole cost and expense, shall prepare and timely file (or have
prepared and cause to be timely filed) all Tax Returns of any member of the Company Group due under applicable Law prior to the Closing Date and all Income Tax Returns (other than Straddle Period returns) of any member of the Company Group for any
Pre-Closing Taxable Period that are required to be filed by applicable Law after the Closing Date. All Taxes indicated as due and payable on such Tax Returns shall be paid or will be paid by Seller as and when required by Law. Seller shall make
available to Buyer for its review such Tax Returns, other than Affiliated Group Tax Returns, no later than fifteen (15) days prior to the filing of such Tax Returns. Such Tax Returns shall be prepared in accordance with existing procedures,
practices, and accounting methods of the members of the Company Group. 
 (b) Except as provided in Section 4(a) of this
Annex I, Buyer shall prepare and timely file (or cause to be prepared and timely filed) all Tax Returns that are required to be filed with respect to any member of the Company Group that are due after the Closing Date (including all Tax
Returns for Straddle Periods) and shall, subject to Buyer’s and the Tax Indemnified Party’s right to indemnification for Tax Losses, remit any Taxes shown as due in respect of such Tax Returns. To the extent relating to a Pre-Closing
Taxable Period, such Tax Returns shall be prepared on a basis consistent with existing procedures, practices, and accounting methods of the members of the Company, unless otherwise required by Law. Buyer shall deliver any Income Tax Return for a
Straddle Period or any other Tax Return that is required under this Section 4(b) of this Annex I that shows a Tax that the Seller or Parent is required to pay or indemnify under this Annex I for Seller’s review as soon
as reasonably practical but in any case at least fifteen (15) days prior to the date on which such return is required to be filed and Buyer shall incorporate any reasonable comments of Seller to such Tax Returns prior to filing. 

(c) Unless required by Law or a determination of a Governmental Authority that is final, neither Buyer nor any of its Affiliates shall (or
shall cause or permit any member of the Company Group), without the prior written consent of Seller, which shall not be unreasonably withheld, conditioned or delayed, take any action (including, without limitation, making or changing any Tax
election of or with respect to any member of the Company Group that is attributable to any Pre-Closing Tax Period or Straddle Period, amending, re-filing or otherwise modifying (or granting an extension of any applicable statute of limitations with
respect to any Pre-Closing Tax Period or Straddle Period) any Tax Return of any member of the Company Group that relates or is attributable to any Pre-Closing Tax Period or Straddle Period) that could result in any increased Tax liability of any
member of the Company Group (or Seller or any of its Affiliates) or a reduction in any Tax asset in respect of a Pre-Closing Tax Period or Straddle Period. 

(d) Unless otherwise required by Law, Parent and Seller agree that none of the Employee Stay Bonuses payments have accrued for Income Tax
purposes as of the Closing Date, and neither Parent nor Seller shall (and neither Parent nor Seller shall allow any member of the Affiliated Group to) claim any deductions for Income Tax purposes with respect to the Employee Stay Bonuses. 

  
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 Section 5 Straddle Periods. 

For purposes of this Agreement, in the case of any Taxes of any member of the Company Group that are payable with respect to any taxable
period that begins before or on and ends after the Closing Date (a “Straddle Period”), the portion of any such Taxes that constitutes Pre-Closing Taxes shall (i) in the case of Taxes that are either (x) based upon or
related to income or receipts, or (y) imposed in connection with any sale, purchase, transfer or assignment or any deemed sale, purchase, transfer or assignment of property (real or personal, tangible or intangible) including withholding Taxes,
be deemed equal to the amount that would be payable if the Tax year or period ended on the Closing Date; and (ii) in the case of Taxes other than those described in clause (i) above, be deemed to be the amount of such Taxes for the entire
Straddle Period (or, in the case of such Taxes determined on an arrears basis, the amount of such Taxes for the immediately preceding Tax period) multiplied by a fraction the numerator of which is the number of calendar days in the portion of the
Straddle Period ending on the Closing Date and the denominator of which is the number of calendar days in the entire Straddle Period; provided that Buyer shall pay the amount of Taxes of any member of the Company Group that are incurred solely as a
result of any transactions relating to the Company and its Subsidiaries undertaken subsequent to the Closing Date that are not in the ordinary course of business and are not contemplated by this Agreement and which are properly allocable (based on,
among other relevant factors, factors set forth in Treas. Reg. § 1.1502-76(b)(1)(ii)(B)) to the portion of the Closing Date after the Closing. For purposes of clause (i) of the preceding sentence, any exemption, deduction, credit or other
item (including, without limitation, the effect of any graduated rates of tax) that is calculated on an annual basis shall be allocated to the portion of the Straddle Period ending on the Closing Date on a pro rata basis determined by multiplying
the total amount of such item allocated to the Straddle Period times a fraction, the numerator of which is the number of calendar days in the portion of the Straddle Period ending on the Closing Date and the denominator of which is the number of
calendar days in the entire Straddle Period. The parties hereto will, to the extent permitted by applicable law, elect with the relevant Tax authority to treat a portion of any Straddle Period as a short taxable period ending as of the close of
business on the Closing Date. 
 Section 6 Refunds. 

(a) Subject to Section 6(c) of this Annex I, all refunds of Taxes of any member of the Company Group for any Pre-Closing
Taxable Period (or portion of a Straddle Period ending on the Closing Date as determined in accordance with the same principles provided for in Section 5 of this Annex I) (whether in the form of cash received from the applicable
Governmental Authority or a direct credit against Taxes otherwise payable for any taxable period beginning on the day immediately after the Closing Date (or portion of a Straddle Period beginning on the day immediately after the Closing Date) shall
be for the benefit of Seller. Buyer shall cooperate with Seller to claim any refunds that may give rise to payment to Seller under this Section 6 of Annex I, including, to the extent requested by Seller, by filing claims for such
refunds. For purposes of this Section 6(a) of this Annex I, to the extent the reserve for Tax liabilities that was included in the computation of Net Working Capital or Net Company Debt as finally determined is in excess of the
Taxes actually payable by a member of the Company Group following the Closing for a Pre-Closing Tax Period (or portion of a Straddle Period ending on the Closing Date as determined under Section 5 of this Annex I), such excess
shall be treated as a refund received on the date the Tax Return of the Company Group is filed showing the reduced Taxes; provided, however, that to the extent such excess is paid to Seller in accordance with this Section 6 of this
Annex I, the amount of the Taxes included in the computation of the Net Working Capital or Net Company Debt, as finally determined, for purposes of Section 1 of this Annex I shall be reduced by the amount of such payment. 

(b) To the extent Buyer or any member of the Company Group receives a refund that is for the benefit of Seller, Buyer shall pay to Seller the
amount of such refund (without interest other than 

  
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interest received from the Governmental Authority), net of any Taxes (including withholding Taxes and Income Taxes that would be imposed on the immediate repatriation of cash equal to the amount
of any refund received by a member of the Company Group not organized under the Laws of the United States to the United States) and any reasonable out-of-pocket expenses that Buyer or any member of the Company Group or any of its Affiliates incur
with respect to such refund (and related interest). The net amount due to Seller shall be payable ten (10) days after receipt of the refund from the applicable Governmental Authority (or, if the refund is in the form of direct credit, ten
(10) days after filing the Tax Return claiming such credit). 
 (c) Nothing in this Section 6 of this Annex I shall
require Buyer to make any payment with respect to any refund for a Tax (and such refunds shall be for the benefit of Buyer, Company, and its Subsidiaries) that is with respect to (i) any refund of Tax that is the result of the carrying back of
any net operating loss or other Tax attribute or Tax credit incurred in a taxable period beginning on the day immediately after the Closing Date (or portion of any Straddle Period beginning on the day immediately after the Closing Date);
(ii) any refund of Tax attributable to taxable years or periods beginning after the Closing Date to the extent Seller has not indemnified Buyer, Company, or the applicable Subsidiary for such Taxes; (iii) any refund for Tax that is
reflected as an Included Current Asset on the Net Working Capital, as finally determined, or included in the computation of Net Company Debt, as finally determined; (iv) any refund for Tax that gives rise to a payment obligation by any member
of the Company Group to any Person under applicable Law or pursuant to a provision of a contract or other agreement entered (or assumed) by any member of the Company Group on or prior to the Closing Date; or (v) any refund of Buyer’s
allocable share of any Transfer Taxes as determined under Section 8 of this Annex I. 
 (d) All refunds of Taxes of any
member of the Company Group to the extent they do not give rise to a payment to Seller under this Section 6 of Annex I and all refunds for Taxes that Buyer has indemnified for under Section 1(b) of Annex I shall
be for the sole benefit of Buyer. To the extent Seller or Parent receives a refund of any Tax that is for the benefit of Buyer, Parent and Seller shall pay to Buyer the amount of such refund (without interest other than interest received from a
Governmental Authority), net of any Taxes or any reasonable out of pocket expenses that Seller or Parent incur with respect to such refund (or interest). The net amount due to Buyer shall be payable ten (10) days after receipt of the refund
from the applicable Governmental Authority (or, if the refund is in the form of direct credit, ten (10) days after filing the Tax Return claiming such credit). 

Section 7 Tax Treatment of Indemnity Payments. Unless otherwise required by applicable Law, the parties shall treat any indemnity
payment made under this Agreement as an adjustment to the Purchase Price for purposes of all Taxes, and the parties agree to file their Tax Returns accordingly. 

Section 8 Transfer Taxes. All Transfer Taxes (and refunds thereof) shall be paid fifty percent (50%) by Buyer and fifty
percent (50%) by Seller. Seller and Buyer and their respective Affiliates shall cooperate in timely filing all Tax Returns as may be required in connection with the payment of such Transfer Taxes and shall, as appropriate, execute and deliver
all instruments and certificates reasonably necessary to enable the other parties to comply with any filing requirements and Laws relating to any such Transfer Taxes. 

Section 9 Termination of Tax Allocation Agreements. Any and all Tax allocation, Tax sharing, Tax indemnity or other agreements or
arrangements relating to Tax matters, between the Company or any of its Subsidiaries, on the one hand, and Parent, Seller, or any of their Affiliates or any other Person, on the other hand, shall be terminated as to any member of the Company Group
prior to the Closing Date and, from and after the Closing Date, no member of the Company Group shall be obligated 

  
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to make any payment pursuant to, or otherwise bound by, any such agreement or arrangement. Nothing in this Section 9 of Annex I or in the Agreement shall prohibit any member of
the Company Group from making any payments prior to the Closing Date pursuant to any Tax sharing, Tax indemnity or other agreements or arrangements relating to Tax matters to the extent such payments reduce the cash and cash equivalents for purposes
of computing Net Company Debt, or suspend the effectiveness thereof. 
 Section 10 Carrybacks. Following the Closing Date, Buyer
and the Company shall, to the extent permissible under applicable Law, waive the right to, and shall not, carry back any Income Tax losses, credits or similar items attributable to a member of the Company Group from a taxable period (or portion
thereof) beginning after the Closing Date to a taxable year that ends on the Closing Date, except with the prior written consent of Seller. 

Section 11 Survival; Limitations. 

(a) The obligation to pay or indemnity for Taxes in Section 1 of this Annex I, including Parent’s or Seller’s
obligation to pay or indemnify for a Tax as a result of a breach of a representation or warranty in Section 3.8 (Tax Matters), shall survive the Closing and continue in full force and effect until forty-five (45) days following the
expiration of the statute of limitations on assessment of the relevant Tax; provided, however, (i) to the extent the Tax is with respect to a contract, such indemnity obligation shall survive for a period that is not less than forty-five
(45) days after the obligation to pay or indemnify for such Tax expires pursuant to the terms of the relevant contract and (ii) to the extent the Tax is with respect to an Affiliated Group, the obligation shall survive for a period that is
not less than forty-five (45) days after the statute of limitations for collection of such Tax from any Acquired Company expires. All other obligations under this Annex I shall survive until fully performed. 

(b) None of the limitations in Article IX (except as set forth in Section 9.3(f)) shall apply to any claims for Tax Losses
under this Annex I. 
 Section 12 Confidentiality. Notwithstanding anything to the contrary in this Annex I, none of
Buyer, Parent nor Seller, nor any of their respective Affiliates shall be required to make available to the other party any federal or state consolidated, combined or unitary income Tax Return that includes entities other than the Company and its
Subsidiaries. If any of Buyer, Parent or Seller is required to provide any information contained in a Tax Return described in the immediately preceding sentence, the relevant information shall be provided in such format (including pro formas) as may
be deemed appropriate by the party required to provide such information acting in good faith. 

  
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