Document:

Omnibus Debenture

 EXHIBIT NO. 10.6 
 DATED 29 APRIL 2009 
  

													
		 		 		 		 	(1)	 	 THE PARTIES LISTED IN SCHEDULE 1 HERETO
 each a Chargor and together the Chargors
	  	
							
		 		 		 		 	(2)	 	JPMORGAN CHASE BANK, N.A.	  	
		 		 		 		 		 	as Administrative Agent or Chargee	  	

  
  
 OMNIBUS DEBENTURE 
  
  
 WARNING 
 THE TAKING OR SENDING BY ANY PERSON OF AN ORIGINAL OF THIS DOCUMENT INTO THE 
 CAYMAN ISLANDS MAY GIVE RISE TO THE IMPOSITION OF CAYMAN ISLANDS STAMP DUTY 
 

 
 REF: JB/J121/86503 

					
	 1.
	  	DEFINITIONS AND INTERPRETATION	  	2
			
	 2.
	  	CHARGOR REPRESENTATION AND WARRANTIES	  	6
			
	 3.
	  	COVENANT TO PAY	  	8
			
	 4.
	  	SECURITY	  	8
			
	 5.
	  	FLOATING CHARGE	  	10
			
	 6.
	  	DEPOSIT OF DOCUMENTS	  	11
			
	 7.
	  	RIGHTS IN RESPECT OF MORTGAGED SHARES	  	12
			
	 8.
	  	PRESERVATION OF SECURITY	  	12
			
	 9.
	  	ENFORCEMENT OF SECURITY	  	15
			
	 10.
	  	APPOINTMENT OF A RECEIVER	  	17
			
	 11.
	  	POWERS OF A RECEIVER	  	17
			
	 12.
	  	FURTHER ASSURANCES	  	18
			
	 13.
	  	INDEMNITIES	  	18
			
	 14.
	  	POWER OF ATTORNEY	  	19
			
	 15.
	  	EXPENSES	  	20
			
	 16.
	  	RELEASE	  	20
			
	 17.
	  	NOTICES	  	21
			
	 18.
	  	ASSIGNMENTS	  	21
			
	 19.
	  	ADMINISTRATIVE AGENT	  	21
			
	 20.
	  	SET-OFF	  	21
			
	 21.
	  	SUBSEQUENT SECURITY INTERESTS	  	21
			
	 22.
	  	COVENANTS	  	21
			
	 23.
	  	MISCELLANEOUS	  	22
			
	 24.
	  	ACKNOWLEDGMENT	  	23
			
	 25.
	  	LAW AND JURISDICTION	  	23
		
	 SCHEDULE 1
	  	30
		
	 SCHEDULE 2
	  	31
		
	 SCHEDULE 3
	  	32
		
	 SCHEDULE 4
	  	33
		
	 SCHEDULE 5
	  	34

  

 1 

 THIS FIXED AND FLOATING CHARGE is made on 29 April 2009 
 BETWEEN 
  

	(1)	EACH OF THE PARTIES LISTED IN SCHEDULE 1 HERETO, each an exempted company incorporated with limited liability under the laws of the Cayman Islands and having its
registered office at P.O. Box 309, Ugland House, George Town, Grand Cayman KY1-1104, Cayman Islands (each individually a “Chargor” and collectively the “Chargors”); and 

  

	(2)	JPMORGAN CHASE BANK, N.A., a company established under the laws of the United States of America as Administrative Agent for and on behalf of the Secured Parties pursuant to
the Credit Agreement (the “Administrative Agent” or “Chargee”) 

 WHEREAS 
  

	(A)	Pursuant to the Credit Agreement, the Lenders agreed to make available Loans and the Issuing Banks agreed to make available Letters of Credit to the Borrower on the terms and
conditions contained in the Credit Agreement. 

  

	(B)	As security for the Secured Obligations, each Chargor has agreed to assign and charge in favour of the Administrative Agent for the benefit of the Secured Parties, inter alia, all
of its legal and beneficial interest in the Charged Property. 

  

	(C)	It is a condition precedent under the Credit Agreement that each Chargor shall execute this Deed in favour of the Administrative Agent for the benefit of the Secured Parties.

  

	(D)	It is intended that this document take effect as a deed notwithstanding the fact that a party may only execute this document under hand. 

 NOW THIS DEED WITNESSETH 
  

	1.	DEFINITIONS AND INTERPRETATION 

  

	1.1	In this Deed, unless the context otherwise requires, words and expressions which are capitalised but not defined herein (including in the recitals hereto) shall have the same
meanings as are given to them in the Credit Agreement. In addition, the following definitions shall apply: 

 “Assigned
Property” means: 
  

	 	(a)	all of the rights, benefits, discretions, claims, warranties, remedies, security, indemnities or covenants of which any Chargor is the beneficiary or holder arising under or in
connection with any contract entered into between such Chargor and any person including, for the avoidance of doubt, the Intercompany Loans; 

  

	 	(b)	all of the proceeds and returns of all or any part of any Chargor’s rights in relation to or under any contract entered into between such Chargor and any person including, for
the avoidance of doubt, the Intercompany Loans; and 

  

	 	(c)	all rights, title and benefit of any Chargor to any allocations/distributions made pursuant to any contract entered into between such Chargor and any person including, for the
avoidance of doubt, the Intercompany Loans, and any income deriving from such rights; 

 “Bank Account” means all current,
deposit and other accounts of any Chargor as are set out in Schedule 2 to this Deed and shall include any renewal or redesignation of such account; 

 “Book Debts” means: 
  

	 	(a)	all of each Chargor’s book and other debts, all its account receivables, all other rights it has to receive money and all other amounts, now, or from time to time, due, owing
or payable to it; and 

  

	 	(b)	the benefit of all related guarantees, indemnities, negotiable instruments, rights and security interests of any kind; 

 “Borrower” means Seagate Technology HDD Holdings, an exempted company with limited liability incorporated under the laws of the
Cayman Islands with company number 103069 and having its registered office at P.O Box 309, Ugland House, Grand Cayman KY1-1104, Cayman Islands; 
 “Cayman Share Mortgages” means the equitable share mortgages entered into on or about the date of this Deed by each of Seagate Technology, the Borrower and Seagate Technology International (as mortgagors) with the
Administrative Agent respectively pursuant to which each mortgagor thereunder mortgaged and granted other security interests over the shares it holds in its subsidiaries incorporated in the Cayman Islands; 
 “Charged Property” means all the property, assets and income of each Chargor which from time to time are the subject of the several security interests
created or expressed to be created (whether by way of assignment, legal or equitable mortgage, fixed or floating charge) by or pursuant to this Deed and each and every part of such property, assets and income and includes, without limitation, the
property and assets listed in Schedule 2, Schedule 3, Schedule 4 and Schedule 5 to this Deed, but excluding, for the avoidance of doubt, any shares mortgaged pursuant to the Cayman Share Mortgages; 
 “Collateral Rights” means all rights, powers and remedies of the Chargee provided by or pursuant to this Deed or by law; 
 “Companies Law” means the Companies Law (as amended) of the Cayman Islands; 
 “Credit Agreement” means the Second Amended and Restated Credit Agreement dated as of 3 April 2009 and made among the Borrower, Seagate Technology, the Administrative Agent and the other
agents party thereto; 
 “Deed” means this deed of fixed and floating charge; 
 “Event of Default” means the occurrence of an Event of Default as defined in the Credit Agreement and/or the failure by any Chargor to observe or perform any covenant or agreement contained in Loan
Documents or any default in the payment of any of the Secured Obligations; 
 “Fixtures” means any fixtures, fittings (including trade
fixtures and fittings), fixed plant and machinery and apparatus; 
 “Floating Charge Property” has the meaning given to such term in
Clause 5.1; 
 “Global Intercompany Note” means the global intercompany note dated on or around April 29, 2009 entered among
Seagate Technology, the Borrower and the other parties thereto; 
 “gross negligence” shall be interpreted according to the laws of
the State of New York, United States of America; 

 “Guarantee Agreement” means the U.S. Guarantee Agreement entered into or to be entered into on or about
the date hereof among each Chargor, as a guarantor, and the Administrative Agent pursuant to which, inter alia, each Chargor guarantees the Secured Obligations; 
 “Guarantor” means each Chargor which is a party to the Guarantee Agreement; 
 “Indemnity, Subrogation and Contribution
Agreement” means the Indemnity, Subrogation and Contribution Agreement entered into or to be entered into on or about the date hereof among each Chargor, the Administrative Agent and the other parties thereto; 
 “Insurance Policies” means all contracts and policies of insurance of any kind now and from time to time taken out by or on behalf of any Chargor or (to
the extent of its interest) with the Insurer and any other insurer in which it now, or from time to time, has an interest and all relating proceeds, claims of any kind, returns of premium and other benefits; 
 “Insurer” means any insurer with which any Chargor now, or from time to time, has an Insurance Policy and all insurers now and from time to time
providing insurance to the relevant Chargor; 
 “Intellectual Property” means: 
  

	 	(a)	any patents, trade marks, service marks, designs, trade names, copyrights, design rights, moral rights, inventions, confidential information, know-how and other
intellectual property, rights and interests, whether registered or unregistered, including, without limitation, the patents, trade marks and copyrights set out in Schedule 4 to this Deed; and 

  

	 	(b)	the benefit of all applications and rights to use such assets; 

 “Intercompany Loans” means the intercompany loans identified in Schedule 3 and documented under the Global Intercompany Note; 
 “Memorandum and Articles of Association” means the memorandum and articles of association of each Chargor (as relevant) as amended from time to time; 
 “Mortgaged Shares” means all shares owned by a Chargor and all rights, benefits and advantages now or at any time in the future deriving from or incidental to any such shares (excluding any shares and
related rights mortgaged and/or charged pursuant to the Cayman Share Mortgages) including all: 
  

	 	(a)	dividends or other distributions (whether in cash, securities or other property), interest and other income paid or payable in relation to any shares; 

 

	 	(b)	securities, rights, monies or other property whether certificated or uncertificated accruing, offered or issued at any time by way of redemption, conversion, exchange, substitution,
preference, option, bonus issue or otherwise in respect of any shares (including but not limited to proceeds of sale); and 

  

	 	(c)	certificates or other evidence of title to any shares now and from time to time hereafter deposited with the Chargee; 

 “Parties” means the parties to this Deed; 
 “Plant
and Machinery” means all plant, machinery and equipment now, or from time to time owned by any Chargor or (to the extent of its interest) in which it now, or from time to time, has an interest; 

 “Real Property” means freehold and leasehold property (anywhere in the world in each case including any
estate or interest therein, all proceeds of sale thereof, all rights from time to time attached or relating thereto and all Fixtures from time to time in or on such property including, without limitation, the real property set out in Schedule 5 to
this Deed); 
 “Register of Charges” means the register of charges of each Chargor maintained by it in accordance with Section 54 of
the Companies Law; 
 “Secured Obligations” means any and all moneys, liabilities and obligations (whether actual or contingent, whether now
existing or hereafter arising, whether or not for the payment of money and including any obligation or liability to pay damages) from time to time owing to the Secured Parties by each Chargor and collectively the Chargors pursuant to the Loan
Documents; 
 “Security Interest” means: 
  

	 	(a)	a mortgage, charge, pledge, lien, assignment by way of security or other encumbrance or security arrangement (including any hold back or “flawed asset” arrangement)
securing any obligation of any person; 

  

	 	(b)	any arrangement under which money or claims to, or the benefit of, a bank or other account may be applied, set off or made subject to a combination of accounts so as to effect
discharge of any sum owed or payable to any person; 

  

	 	(c)	any other type of arrangement having a similar effect; or 

  

	 	(d)	agreements to create the foregoing; 

 “Security Period”
means the period commencing on the date of execution of this Deed and terminating on the date when all the Loan Document Obligations have been paid in full in cash, the Commitments have expired or been terminated, the principal and interest on each
Loan and all fees payable under the Loan Documents shall have been paid in full, all Letters of Credit shall have expired or been terminated (or otherwise provided for in a manner satisfactory to the applicable Issuing Bank) and all LC Disbursements
shall have been reimbursed; 
 “Successor” in the context of a party to an agreement shall be construed so as to include an assignee,
transferee or successor in title of such party and any person who under the laws of its jurisdiction or domicile has assumed the rights and obligations of such party under such agreement or to which, under such laws, such rights or obligations have
been transferred; 
 “U.S. Pledge Agreement” means the U.S. Pledge Agreement among Seagate Technology, the Borrower, each subsidiary of the
Borrower party thereto and the Administrative Agent; and 
 “U.S. Security Agreement” means the U.S. Security Agreement among Seagate
Technology, the Borrower, each subsidiary of the Borrower party thereto and the Administrative Agent. 
  

	1.2	In construing this Deed (including the recitals), unless otherwise specified: 

  

	 	(a)	references to any Party shall be construed so as to include that Party’s respective successors in title, permitted assigns and permitted transferees; 

 

	 	(b)	“including” and “in particular” shall not be construed restrictively but shall mean respectively “including, without prejudice to the
generality of the foregoing” and “including, without limitation”, and “in particular, but without prejudice to the generality of the foregoing”; 

	 	(c)	references to a “person” shall be construed so as to include any individual, firm, company or other body corporate, government, state or agency of a state, local or
municipal authority or government body or any joint venture, association or partnership (whether or not having separate legal personality) and in each case, its successors and assigns and persons deriving title under or through it, in whole or in
part, and any person which replaces any party to any document in its respective role thereunder, whether by assuming the rights and obligations of the party being replaced or whether by executing a document in or substantially in the form of the
document it replaces; 

  

	 	(d)	“variation” includes any variation, amendment, accession, novation, restatement, modification, assignment, transfer, supplement, extension, deletion or replacement
however effected and “vary” and “varied” shall be construed accordingly; 

  

	 	(e)	“writing” includes facsimile transmission legibly received except in relation to any certificate, notice or other document which is expressly required by this Deed
to be signed and “written” has a corresponding meaning; 

  

	 	(f)	references to the “consent” of the Chargee shall be construed as the consent of the Chargee acting in its absolute discretion; 

  

	 	(g)	subject to Clause 23.3, references to this Deed or to any other document include references to this Deed or such other document as varied in any manner from time to time, even
if changes are made to: 

  

	 	(i)	the composition of the parties to this Deed or such other document or to the nature or amount (including any increase) of any facilities made available under such other document; or

  

	 	(ii)	the nature or extent of any obligations under such other document; 

  

	 	(h)	references to uncertificated shares are to shares the title to which can be transferred by means of an electronic or other entry and references to certificated shares are to shares
which are not uncertificated shares; 

  

	 	(i)	references to the singular shall include the plural and vice versa and references to the masculine shall include the feminine or neuter and vice versa; 

  

	 	(j)	references to clauses and schedules are to clauses of, and schedules to, this Deed; 

  

	 	(k)	references to any statute or statutory provision shall be construed as a reference to the same as it may have been, or may from time to time be amended, modified or re-enacted;

  

	 	(l)	headings and titles are for convenience only and do not affect the interpretation of this Deed; 

  

	 	(m)	an Event of Default is “continuing” if it has not been remedied or waived; 

  

	 	(n)	this Deed is a “Security Document” under the terms of the Credit Agreement. 

  

	2.	CHARGOR REPRESENTATION AND WARRANTIES 

  

	2.1	Each Chargor hereby represents and warrants (only to the extent that it has not made representations and warranties that are materially similar in the Credit Agreement) to the
Chargee on the date of this Deed that: 

  

	 	(a)	the Chargor has been duly incorporated and registered as an exempted company with limited liability under the Companies Law; 

	 	(b)	other than as permitted by the Loan Documents, the Chargor is the legal and beneficial owner of its Charged Property free from any Security Interest (other than that created by this
Deed) or other interest and any options or rights of pre-emption and no person has or is entitled to any conditional or unconditional option, warrant or other right to acquire any interest in its Charged Property; 

  

	 	(c)	its Charged Property is, or will be when assigned and charged, freely transferable; 

  

	 	(d)	the Chargor has full power and authority to: 

  

	 	(i)	execute and deliver this Deed and the other Loan Documents to which it is a party; 

  

	 	(ii)	be the legal and beneficial owner of its Charged Property; and 

  

	 	(iii)	comply with the provisions of, and perform all its obligations, under this Deed and the other Loan Documents to which it is a party; 

  

	 	(e)	the Chargor has duly executed and delivered this Deed and the other Loan Documents to which it is a party; 

  

	 	(f)	this Deed and each other Loan Document to which the Chargor is a party creates legal, valid and binding obligations enforceable against the Chargor in accordance with their terms;

  

	 	(g)	the execution and performance of its obligations and liabilities under this Deed and each other Loan Document to which the Chargor is a party will not: 

  

	 	(i)	contravene any law or regulation or any order of any governmental or other official authority, body or agency or any judgment, order or decree of any court having jurisdiction over
it; or 

  

	 	(ii)	conflict with, or result in any breach of any of the terms of, or constitute a default under, any agreement or other instrument to which it is a party or any licence or other
authorisation to which it is subject or by which it or any of its property is bound; or 

  

	 	(iii)	contravene or conflict with any provision of its memorandum and articles of association; 

  

	 	(h)	it is able to pay its debts as they fall due and it has not taken any action nor have any steps been taken or legal proceedings been started or threatened in writing against it for:

  

	 	(i)	winding up, dissolution or reorganisation; 

  

	 	(ii)	the enforcement of any encumbrance over its assets; or 

  

	 	(iii)	the appointment of a liquidator, receiver, administrative receiver, administrator, trustee or similar officer of it or of any or all of its assets; 

	 	(i)	it is not in breach (nor would be in breach with the giving of notice, passing of time, or satisfaction of any other condition) or in default under any deed, instrument or any
agreement to which it is a party or which is binding on it or any of its assets; 

  

	 	(j)	no action, litigation, arbitration or administrative proceeding has been commenced or is pending or threatened in writing against it, nor is there subsisting any unsatisfied
judgment or award given against it by any court, board of arbitration or other body; 

  

	 	(k)	all licences, consents, exemptions, clearance filings, registration, payments of taxes, notarisation and authorisations as are or may be necessary or desirable for the proper
conduct of its business, trade, and ordinary activities and for the performance and discharge of its obligations and liabilities under this Deed and each other Loan Document to which the Chargor is a party and which are required in connection with
the execution, delivery, validity, enforceability or admissibility in evidence of this Deed and each other Loan Document to which the Chargor is a party and the creation of security over the Charged Property have been obtained and are in
full force and effect; 

  

	 	(l)	it has not taken any action whereby the rights attaching to the Charged Property are altered or diluted save to the extent such alteration or dilution is expressly permitted under
this Deed or any other Loan Document; 

  

	 	(m)	the Chargor has taken all corporate and other action required to approve its execution, delivery, performance and enforceability of this Deed and each other Loan Document to which
the Chargor is a party; and 

  

	 	(n)	this Deed is effective to create a valid and enforceable first priority Security Interest over or in respect of the Charged Property in favour of the Chargee ranking in priority to
the interests of any liquidator (or similar officer) or creditor of the Chargor. 

  

	2.2	Each Chargor also represents and warrants to and undertakes with the Chargee that the foregoing representations and warranties will be true and accurate throughout the continuance
of this Deed with reference to the facts and circumstances subsisting from time to time. 

  

	3.	COVENANT TO PAY 

  

	3.1	Each Chargor hereby covenants with the Chargee as primary obligor and not merely as surety to pay and discharge the Secured Obligations in the manner provided in the relevant Loan
Documents. 

  

	4.	SECURITY 

  

	4.1	Each Chargor, with full title guarantee, as a continuing security for the full and punctual payment and discharge of the Secured Obligations, hereby charges, in favour of the
Chargee the whole of its undertaking and all its property, assets and rights whatsoever and wheresoever present and future including, without limitation: 

  

	 	(a)	by way of first fixed equitable charge, all Real Property now belonging to it and all Real Property acquired by it from time to time; 

  

	 	(b)	by way of first fixed charge and by way of first equitable mortgage, all its shares (including the Mortgaged Shares but excluding, for the avoidance of doubt, any shares mortgaged
pursuant to the Cayman Share Mortgages); 

  

	 	(c)	by way of first fixed charge and absolute assignment by way of first fixed security, all its Insurance Policies; 

	 	(d)	by way of first fixed charge and absolute assignment by way of first fixed security, all of the Chargor’s rights, title and interest from time to time in the Assigned Property;

  

	 	(e)	by way of first fixed charge and absolute assignment by way of first fixed security, all of the Chargor’s rights, title and interest from time to time in the property and
assets listed in each of Schedule 2, Schedule 3, Schedule 4 and Schedule 5 to this Deed; 

  

	 	(f)	by way of first fixed charge: 

  

	 	(i)	all Plant and Machinery; 

  

	 	(ii)	all its goodwill and uncalled capital for the time being; 

  

	 	(iii)	all Intellectual Property including any Intellectual Property to which it is not absolutely entitled or to which it is entitled together with others; 

  

	 	(iv)	all Intellectual Property that may be acquired by or belong to it in the future, including any such Intellectual Property to which it is not absolutely entitled or to which it is
entitled together with others; 

  

	 	(v)	the benefit of all agreements and licences now or in the future entered into or enjoyed by it relating to the use or exploitation of any Intellectual Property in any part of the
world; 

  

	 	(vi)	all its rights now or in the future in relation to trade secrets, confidential information and knowhow in any part of the world; 

  

	 	(vii)	all its rights and causes of action in respect of infringement(s) (past, present or future) of the rights referred to in sub-paragraphs (f)(iii) to (f)(vi) inclusive of this
Clause 4.1; 

  

	 	(viii)	all Book Debts now or in the future owing to it; 

  

	 	(ix)	all its interests and rights (if any) in or to any Bank Account and all balances now or in the future standing to the credit of any Bank Account, and all other current, deposit or
other accounts with any bank or financial institution in which it has an interest and (to the extent of such interest) all balances now or in the future standing to the credit of those accounts; 

  

	 	(x)	any beneficial interest, claim or entitlement it has to any pension fund now or in the future; and 

  

	 	(xi)	the benefit of all licences, consents and authorisations held in connection with its business or the use of any asset and the right to recover and receive all compensation which may
be payable in respect of them, 

 provided that such Security Interests shall not extend to any property, assets and rights of
any Chargor which are being effectively charged by any fixed Security Interest created under any of the Cayman Share Mortgages. 
  

	4.2	Each Chargor agrees with the Chargee and for the benefit of the Chargee that, until the security created pursuant to Clause 4.1(d) above is enforced: 

 

	 	(a)	each Chargor shall at all times remain liable to perform all the duties and obligations expressed to be assumed by it now and in relation to any contract entered into between the
Chargor and any person to the same extent as if this Deed had not been executed; and 

	 	(b)	the exercise by the Chargee of any of the rights assigned hereunder shall not release any Chargor from any of its duties or obligations in relation to the Assigned Property.

  

	5.	FLOATING CHARGE 

  

	5.1	Each Chargor as a continuing security for the full and punctual payment and discharge of the Secured Obligations hereby charges in favour of the Chargee by way of first floating
charge the whole of its undertaking and all its property, assets and rights whatsoever and wheresoever present and future except to the extent that such undertaking, property, assets and rights are being effectively encumbered by any fixed Security
Interest effected by Clause 4 or any fixed Security Interest created under any of the Cayman Share Mortgages and including any undertaking, property, assets and rights comprised within a charge which is reconverted under Clause 5.5 below
(collectively the “Floating Charge Property”), but in each case so that each Chargor shall not (i) in any manner prohibited by the Loan Documents, create any Security Interest over any such undertaking, property, assets and
rights (whether having priority over or ranking pari passu with or subject to this Deed), (ii) take any other step referred to in Clause 8 with respect to any such undertaking, property, assets and rights or (iii) without
the consent of the Chargee, sell, transfer, part or dispose of any such undertaking, property, assets and rights except by way of sale in the ordinary course of business. 

  

	5.2	The floating charge created by Clause 5.1 above may be crystallised into a fixed charge by notice in writing given at any time by the Chargee to the relevant Chargor
(the “Notice”). Such crystallisation shall take effect over the assets or class of assets specified in the Notice. If no assets or class of assets are specified in the Notice, the Notice shall take effect over all the Floating
Charge Property. 

  

	5.3	Notwithstanding the terms of Clause 5.2 above, the floating charge created by Clause 5.1 above shall automatically be converted and instantly crystallised (without the
necessity of notice) into a fixed charge over all Floating Charge Property: 

  

	 	(a)	in respect of each Chargor, upon the occurrence of any of the following events: 

  

	 	(i)	the presentation of a petition for the winding-up of the Chargor; 

  

	 	(ii)	the calling of a meeting or the passing of a resolution for the voluntary winding-up of the Chargor; 

  

	 	(iii)	the issuing of a summons or motion for the appointment of a receiver in relation to the Chargor; 

  

	 	(iv)	any person taking possession, or a trustee, or receiver or similar officer being appointed, over any of the Floating Charge Property, or distress or any form of execution is levied
or enforce upon or sued out against any such Floating Charge Property; 

  

	 	(v)	the presentation or making of an application for a warrant of execution, writ of fieri facias, garnishee order, charging order or other enforcement proceeding in respect
of any of the Floating Charge Property; 

  

	 	(vi)	the Chargor becomes or is declared insolvent or otherwise unable to pay its debts as they fall due in the ordinary course of business; or 

	 	(vii)	the convening by the Chargor of a meeting of its creditors or the making of a proposal or arrangement or composition with, or any assignment for the benefit of, its creditors, or
the presentation of a petition or calling of a meeting for the purpose of considering a resolution regarding such matters or other steps are taken for its winding up, or dissolution; 

  

	 	(b)	if (other than as permitted by the Loan Documents) any Chargor resolves or takes steps to: 

  

	 	(i)	charge or otherwise encumber any of its Floating Charge Property; 

  

	 	(ii)	create a trust over any of its Floating Charge Property; or 

  

	 	(iii)	dispose of any Floating Charge Property; 

  

	 	(c)	if any event analogous to any of the events specified in paragraphs (a) and (b) of this Clause 5.3 occurs under the laws of any applicable jurisdiction,

 and the Chargee shall be entitled without notice to any Chargor to take possession of and hold the same or to appoint a receiver thereof.
The provisions of Clause 10 and Clause 11 shall govern the appointment, removal and powers of a receiver appointed under this Clause as if he were a Receiver appointed under Clause 10. 
  

	5.4	Except as otherwise stated in any notice given under Clause 5.2 above or unless such notice relates to all its Floating Charge Property, any prospective Floating Charge
Property acquired by the Chargor after crystallisation has occurred under Clause 5.2 or Clause 5.3 above shall become subject to the floating charge created by Clause 5.1 above, so that the crystallisation shall be effective only as
to the relevant Floating Charge Property in existence at the date of crystallisation. 

  

	5.5	Any charge which has crystallised under Clause 5.2 or 5.3 above may, by notice in writing given at any time by the Chargee to the relevant Chargor, be reconverted into a
floating charge in relation to the assets specified in such notice. 

  

	5.6	Other than as permitted or contemplated by the Loan Documents, the Chargor covenants not to create any Security Interest over any Floating Charge Property (whether having priority
over, or ranking pari passu with or subject to the floating charge created by Clause 5.1 above) or take any other step referred to in Clause 8 save as permitted by this Deed, the Loan Documents or with the prior written
approval of the Chargee. 

  

	6.	DEPOSIT OF DOCUMENTS 

  

	6.1	Each Chargor shall, upon request: 

  

	 	(a)	promptly execute and/or deliver to the Chargee such documents relating to the Charged Property as the Chargee reasonably requires, including any notice in respect of the Security
Interests granted hereunder to be served on any relevant bank or financial institution, obligor or counterparty under any contract forming part of the Charged Property, Insurer or other relevant person; and 

  

	 	(b)	serve such documents or notices on such relevant person as the Chargee may reasonably require and/or hereby authorises the Chargee to do the same. 

	6.2	Each Chargor shall use all reasonable endeavours (including expending reasonable costs and expenses) to promptly procure the execution and delivery to the Chargee of acknowledgments
by the addressees of the notices delivered to them pursuant to Clause 6.1 above as applicable. 

  

	6.3	Each Chargor shall, promptly upon execution of this Deed, and in any event within two Business Days from the date of execution of this Deed, provide evidence in form and substance
satisfactory to the Chargee, that the particulars of this Deed have been recorded in its Register of Charges to reflect the security being granted hereunder. 

  

	7.	RIGHTS IN RESPECT OF MORTGAGED SHARES 

  

	7.1	Each Chargor shall pay all calls, instalments or other payments and shall discharge all other obligations, which may become due in respect of any of its Mortgaged Shares, provided
that the Chargee may at any time after an Event of Default, if it thinks fit, make such payments or discharge such obligations on behalf of the relevant Chargor. Any sums so paid by the Chargee in respect thereof shall be repayable on demand and
pending such repayment shall constitute part of the Secured Obligations. 

  

	7.2	Each Chargor hereby authorises the Chargee to arrange at any time and from time to time prior to or after the occurrence of an Event of Default for its Mortgaged Shares or any part
thereof to be registered in the name of the Chargee (or its nominee) to the extent applicable under relevant laws thereupon to be held, as so registered, subject to the terms of this Deed and, at the request of the Chargee, the relevant Chargor in
each case shall without delay procure that the foregoing shall be done. 

  

	8.	PRESERVATION OF SECURITY 

  

	8.1	It is hereby agreed and declared that: 

  

	 	(a)	the security created by this Deed shall be held by the Chargee as a continuing security for the payment and discharge of the Secured Obligations and the security so created shall
not be satisfied by any intermediate payment or satisfaction of any part of the Secured Obligations; 

  

	 	(b)	the Chargee shall not be bound to enforce any other security before enforcing the Security Interests created by this Deed; 

  

	 	(c)	no delay or omission on the part of the Chargee in exercising any right, power or remedy under this Deed shall impair such right, power or remedy or be construed as a waiver thereof
nor shall any single or partial exercise of any such right, power or remedy preclude any further exercise thereof or the exercise of any other right, power or remedy. The rights, powers and remedies herein provided are cumulative and not exclusive
of any rights, powers and remedies provided by law and may be exercised from time to time and as often as the Chargee may deem expedient; and 

  

	 	(d)	any waiver by the Chargee of any terms of this Deed shall only be effective if given in writing and then only for the purpose and upon the terms for which it is given.

  

	8.2	Unless and until an Event of Default: 

  

	 	(a)	each Chargor shall be entitled to exercise all voting and consensual powers pertaining to its Charged Property or any part thereof for all purposes not inconsistent with the terms
of this Deed or the other Loan Documents; 

	 	(b)	each Chargor shall be entitled to receive and retain any distributions, interest or other moneys or assets accruing on or in respect of its Charged Property or any part thereof.

  

	8.3	The Chargee shall not have any duty to ensure that any moneys or assets receivable in respect of the Charged Property are duly and punctually paid, received or collected as and when
the same become due and payable or to ensure that the correct accounts (if any) are paid or received on or in respect of the Charged Property or to ensure the taking up of any (or any offer of any) rights, moneys or other property paid, distributed,
accruing or offered at any time on or in respect of, any of the Charged Property. 

  

	8.4	Any settlement or discharge under this Deed between the Chargee and the Chargors shall be conditional upon no security or payment to the Chargee by the Chargors or any other person
being avoided or set aside or ordered to be refunded or reduced by virtue of any provision or enactment relating to bankruptcy, insolvency, administration or liquidation for the time being in force and, if such condition is not satisfied, the
Chargee shall be entitled to recover from the Chargors on demand the value of such security or the amount of any such payment as if such settlement or discharge had not occurred. 

  

	8.5	The rights of the Chargee under this Deed and the security hereby constituted shall not be affected by any act, omission, matter or thing which, but for this provision, might
operate to impair, affect or discharge such rights and security, in whole or in part, including without limitation, and whether or not known to or discoverable by any Chargor, the Chargee or any other person: 

  

	 	(a)	any time or waiver granted to or composition with any Chargor or any other person; 

  

	 	(b)	the taking, variation, compromise, renewal or release of or refusal or neglect to perfect or enforce any rights, remedies or securities against any Chargor or any other person;

  

	 	(c)	any legal limitation, disability, incapacity or other circumstances relating to any Chargor or any other person; 

  

	 	(d)	any amendment or supplement to any Loan Document or any other document or security (including any amendment the effect of which is to change the nature or amount of any facilities
made available thereunder or to change the nature or extent of any obligations thereunder); 

  

	 	(e)	the dissolution, liquidation, amalgamation, reconstruction or reorganisation of any Chargor or any other person; or 

  

	 	(f)	the unenforceability, invalidity or frustration of any obligations of any Chargor or any other person under any Loan Document or any other document or security.

  

	8.6	During the Security Period, no Chargor shall by virtue of any payment made hereunder on account of the Secured Obligations or by virtue of any enforcement by the Chargee of its
rights under, or the security constituted by, this Deed or any Loan Document or by virtue of any relationship between or transaction involving any Chargor (whether such relationship or transaction shall constitute any Chargor (other than the
Borrower) a creditor of the Borrower, a guarantor of the obligations of the Borrower or in part subrogated to the rights of others against the Borrower or otherwise howsoever and whether or not such relationship or transaction shall be related to,
or in connection with, the subject matter of this Deed): 

  

	 	(a)	exercise any rights of subrogation against any other Chargor or any other person in relation to any rights, security or moneys held or received or receivable by the Chargee or any
person; 

	 	(b)	exercise any right of contribution from any co-surety liable in respect of such moneys and liabilities under any other guarantee, security or agreement; 

  

	 	(c)	exercise any right of set-off or counterclaim against any other Chargor or any such co-surety; 

  

	 	(d)	receive, claim or have the benefit of any payment, distribution, security or indemnity from any other Chargor; or 

  

	 	(e)	unless so directed by the Chargee (when any Chargor will prove in accordance with such directions), claim as a creditor of any other Chargor in competition with the Chargee.

 Each Chargor shall hold in trust for the Chargee and forthwith pay or transfer (as appropriate) to the Chargee any such
payment (including an amount to any such set-off), distribution or benefit of such security, indemnity or claim in fact received by it. 
  

	8.7	During the Security Period, the Chargee may at any time keep in a separate account or accounts (without liability to pay interest thereon) in the name of the Chargee for as long as
it may think fit, any moneys received, recovered or realised under this Deed or under any other guarantee, security or agreement relating in whole or in part to the Secured Obligations without being under any intermediate obligation to apply the
same or any part thereof in or towards the discharge of the Secured Obligations or any other amount owing or payable under the Loan Documents; provided that the Chargee shall be obliged to apply amounts standing to the credit of such account or
accounts once the aggregate amount held by the Chargee in any such account or accounts opened pursuant hereto is sufficient to satisfy the outstanding amount of the Secured Obligations in full. 

  

	8.8	Each Chargor hereby covenants that during the Security Period it will remain the legal and beneficial owner of its Charged Property (subject to the Security Interests hereby
created) and that it will not (other than as permitted or contemplated by the Loan Documents): 

  

	 	(a)	create or suffer the creation of any Security Interests (other than those created by this Deed) or any other interest on or in respect of the whole or any part of the
Charged Property or any of its interest therein; or 

  

	 	(b)	sell, assign, transfer or otherwise dispose of any of its interest in the Charged Property without the prior consent in writing of the Chargee. 

  

	8.9	Each Chargor shall during the subsistence of this Deed: 

  

	 	(a)	observe and perform all the obligations assumed by it and exercise all its rights and discretions in relation to its Charged Property upon the instructions of the Chargee or its
nominee and shall diligently pursue any remedies available to it in respect of any material breach or claim arising in relation to the Charged Property upon the instructions of the Chargee or its nominee and will not, without the prior written
consent of the Chargee cause or permit any rights attaching to the Charged Property to be varied or abrogated and the Chargee shall be under no obligation of any kind whatsoever in respect thereof or be under any liability whatsoever in the event of
any failure by any Chargor to perform its obligations in respect thereof; 

  

	 	(b)	promptly pay all capital contributions and other payments due in respect of its Charged Property and if the Chargor fails to make any such payments, the Chargee may, but shall
not be obliged to, make such payments on behalf the Chargor in which event any sums so paid shall be reimbursed on demand by the Chargor to the Chargee; 

	 	(c)	indemnify the Chargee on a full indemnity basis against all calls or other payments relating to the Charged Property and against any defects in the Chargor’s title to the
Charged Property and against all actions, proceedings, losses, costs, claims or demands suffered or incurred in respect of anything done or omitted in any way relating to the Charged Property or in the exercise or purported exercise of any of the
powers contained in this Deed by the Chargee other than as a result of the gross negligence or wilful default of the Chargee; and 

  

	 	(d)	give the Chargee immediate notice, in the event that any action, suit or other proceeding at law, in equity, in arbitration or before any other authority involving or affecting the
Charged Property becomes known to it or is contemplated by the Chargor, and if the Chargor is contemplating such action, suit or other proceeding, the Chargor shall obtain the prior written consent of the Chargee before commencing such action, suit
or other proceeding. 

  

	9.	ENFORCEMENT OF SECURITY 

  

	9.1	At any time after the occurrence of an Event of Default or if a demand is made for the payment of the Secured Obligations, the security hereby constituted shall become immediately
enforceable and the rights of enforcement of the Chargee under this Deed shall be immediately exercisable upon and at any time thereafter and, without prejudice to the generality of the foregoing, the Chargee without further notice to any Chargor
may, whether acting on its own behalf or through a receiver or agent: 

  

	 	(a)	solely and exclusively exercise all voting rights attaching to the Charged Property and shall exercise such rights in such manner as the Chargee may in its absolute discretion
determine; 

  

	 	(b)	receive and retain all distributions, profits, income, returns of contributions, interest or other moneys or assets accruing on or in respect of the Charged Property or any part
thereof, such distributions, profits, income, returns of contributions, interest or other moneys or assets to be held by the Chargee, as additional security assigned and charged under and subject to the terms of this Deed and any such distributions,
profits, income, returns of contributions, interest and other moneys or assets received by any Chargor after such time shall be held in trust by the relevant Chargor for the Chargee and paid or transferred to the Chargee on demand;

  

	 	(c)	take possession of, get in, assign, exchange, sell, transfer, grant options over or otherwise dispose of the Charged Property or any part thereof at such place and in such manner
and at such price or prices as the Chargee may deem fit, and thereupon the Chargee shall have the right to deliver, assign and transfer in accordance therewith the Charged Property so sold, transferred, granted options over or otherwise disposed of;

  

	 	(d)	borrow or raise money either unsecured or on the security of the Charged Property (either in priority to this Deed or otherwise); 

  

	 	(e)	settle, adjust, refer to arbitration, compromise and arrange any claims, accounts, disputes, questions and demands with or by any person who is or claims to be a creditor of any
Chargor or relating to the Charged Property; 

  

	 	(f)	bring, prosecute, enforce, defend and abandon actions, suits and proceedings in relation to the Charged Property or any business of any Chargor; 

  

	 	(g)	make any arrangement or compromise on behalf of any Chargor in respect of the Secured Obligations; 

	 	(h)	rank and claim in the insolvency of any Chargor and receive dividends and accede to agreements for the creditors of any Chargor; 

  

	 	(i)	with a view to, or in connection with, the management or disposal of the Charged Property carry out any transaction, scheme or arrangement which the Chargee may, in its
absolute discretion, consider appropriate; 

  

	 	(j)	appoint and engage employees, managers, agents and advisers upon such terms as to remuneration and otherwise and for such periods as it may determine, and dismiss them;

  

	 	(k)	redeem any security (whether or not having priority to this Deed) over the Charged Property and to settle the accounts of any person with an interest in the Charged Property;

  

	 	(l)	exercise and do (or permit any Chargor or any nominee of any Chargor to exercise and do) all such rights and things as the Chargee would be capable of exercising or doing if it were
the absolute beneficial owner of the Charged Property; 

  

	 	(m)	do anything else it may think fit for the realisation of the Charged Property or incidental to the exercise of any of the rights conferred on the Chargee under or by virtue of any
document to which any Chargor is party; and 

  

	 	(n)	exercise all rights and remedies afforded to it under applicable law. 

  

	9.2	The Chargee shall not be obliged to make any enquiry as to the nature or sufficiency of any payment received by it under this Deed or to make any claim or to take any action to
collect any moneys assigned by this Deed or to enforce any rights or benefits assigned to the Chargee by this Deed or to which the Chargee may at any time be entitled hereunder. 

  

	9.3	Upon any sale of the Charged Property or any part thereof by the Chargee, the purchaser shall not be bound to see or enquire whether the Chargee’s power of sale has become
exercisable in the manner provided in this Deed and the sale shall be deemed to be within the power of the Chargee, and the receipt of the Chargee for the purchase money shall effectively discharge the purchaser who shall not be concerned with the
manner of application of the proceeds of sale or be in any way answerable therefor. 

  

	9.4	Any money received or realised by the Administrative Agent under the powers conferred by this Deed shall be paid or applied in a manner consistent with Section 6.02 of the U.S.
Security Agreement. 

  

	9.5	During the Security Period, the Administrative Agent may refrain from applying or enforcing any other moneys, security or rights held by it in respect of the Secured Obligations or
may apply and enforce such moneys, security or rights in such manner and in such order as it shall decide in its unfettered discretion. 

  

	9.6	Neither the Chargee nor its agents, managers, officers, employees, delegates and advisers shall be liable for any claim, demand, liability, loss, damage, cost or expense incurred or
arising in connection with the exercise or purported exercise of any rights, powers and discretions hereunder in the absence of dishonesty or wilful default. 

  

	9.7	The Chargee shall not by reason of the taking of possession of the whole or any part of the Charged Property or any part thereof be liable to account as mortgagee-in-possession or
for anything except actual receipts or be liable for any loss upon realisation or for any default or omission for which a mortgagee-in-possession might be liable. 

	10.	APPOINTMENT OF A RECEIVER 

  

	10.1	At any time after occurrence of: 

  

	 	(a)	an Event of Default; or 

  

	 	(b)	a request has been made by any Chargor to the Chargee for the appointment of a receiver over its assets or in respect of the Chargor, 

 then notwithstanding the terms of any other agreement between that Chargor and any person, the Chargee may (unless precluded by law) appoint in writing any person
or persons to be a receiver or receiver and manager of all or any part of the Charged Property as the Chargee may choose in its entire discretion. 
  

	10.2	Where more than one receiver is appointed, the appointees shall have power to act jointly or separately unless the Chargee shall specify to the contrary. 

 

	10.3	The Chargee may from time to time determine the remuneration of a receiver. 

  

	10.4	The Chargee may remove a receiver from all or any of the Charged Property of which he is the receiver and after the receiver has vacated office or ceased to act in respect of any of
the Charged Property, appoint a further receiver over all or any of the Charged Property in respect of which he shall have ceased to act. 

  

	10.5	Such an appointment of a receiver shall not preclude the: 

  

	 	(a)	Chargee from making any subsequent appointment of a receiver over all or any Charged Property over which a receiver has not previously been appointed or has ceased to act; or

  

	 	(b)	appointment of an additional receiver to act while the first receiver continues to act. 

  

	10.6	The receiver shall be the agent of each Chargor or the relevant Chargor (as the case may be) (which shall be solely liable for his acts, defaults and remuneration) unless and
until the relevant Chargor is placed into liquidation, after which time he shall act as principal. The receiver shall not at any time become the agent of the Chargee. 

  

	11.	POWERS OF A RECEIVER 

  

	11.1	In addition to those powers conferred by law, a receiver shall have and be entitled to exercise in relation to any Chargor all the powers set forth below: 

 

	 	(a)	to exercise all rights of the Chargee under or pursuant to this Deed, including all voting and other rights attaching to the Charged Property; 

  

	 	(b)	to make any arrangement or compromise with others as he shall think fit; 

  

	 	(c)	to appoint managers, officers and agents for the above purposes at such remuneration as the receiver may determine; 

  

	 	(d)	to redeem any prior encumbrance and settle and pass the accounts of the encumbrancer and any accounts so settled and passed shall (subject to any manifest error) be conclusive and
binding on each Chargor and the money so paid shall be deemed an expense properly incurred by the receiver; 

	 	(e)	to pay the proper administrative charges in respect of time spent by its agents and employees in dealing with matters raised by the receiver or relating to the receivership of any
Chargor; and 

  

	 	(f)	to do all such other acts and things as may be considered by the receiver to be incidental or conducive to any of the above matters or powers or otherwise incidental or conducive to
the preservation, improvement or realisation of the Charged Property or the value thereof. 

  

	12.	FURTHER ASSURANCES 

  

	12.1	Each Chargor shall, at its own expense, promptly do all such acts or execute all such documents (including assignments, transfers, assigns, charges, notices and instructions) as the
Chargee may reasonably specify and in such form as the Chargee may reasonably require in order to: 

  

	 	(a)	perfect or protect the security created or intended to be created under or evidenced by this Deed (which may include the execution of a legal mortgage, charge, assignment or other
security over all or any of the assets which are, or are intended to be, the subject of this Deed) or for the exercise of any rights, powers and remedies of the Chargee provided by or pursuant to this Deed, the Loan Documents or by law;

  

	 	(b)	confer on the Chargee security over any property and assets of any Chargor located in any jurisdiction which is (to the extent permitted by local law) equivalent or similar to the
security intended to be conferred by or pursuant to this Deed; 

  

	 	(c)	following an Event of Default, facilitate the realisation of the assets which are, or are intended to be, the subject of this Deed. 

  

	12.2	Without limiting the other provisions of this Deed, each Chargor shall, at its own expense, take all such action as is available to it (including making all filings and
registrations) as may be necessary for the purpose of the creation, perfection, protection or maintenance of any security conferred or intended to be conferred on the Chargee by or pursuant to this Deed. 

  

	13.	INDEMNITIES 

  

	13.1	Each Chargor will indemnify and save harmless the Chargee, any receiver and each agent or attorney appointed under or pursuant to this Deed from and against any and all reasonable
expenses, claims, liabilities, losses, taxes, costs, duties, fees and charges suffered, incurred or made by the Chargee or such agent or attorney other than as a result of the gross negligence or wilful default of the Chargee:

  

	 	(a)	in the exercise or purported exercise of any rights, powers or discretions vested in them pursuant to this Deed; 

  

	 	(b)	in the preservation or enforcement of the Chargee’s rights under this Deed or the priority thereof; 

  

	 	(c)	on the release of any part of the Charged Property from the security created by; or 

  

	 	(d)	arising out of any breach by any Chargor of any term of this Deed, 

 and
the Chargee or such receiver, agent or attorney may retain and pay all sums in respect of the same out of money received under the powers conferred by this Deed. All amounts suffered, incurred or paid by the Chargee or such receiver, agent or
attorney or any of them shall be recoverable on a full indemnity basis provided that nothing in this Clause 13.1 shall require any Chargor to indemnify and save harmless 

 
the Chargee from and against any expenses, claims, liabilities, losses, taxes, costs, duties, fees and charges suffered, incurred or made by the Chargee as a
result of the Chargee’s gross negligence, fraud or wilful default. 
  

	13.2	If, under any applicable law or regulation, and whether pursuant to a judgment being made or registered against any Chargor or the bankruptcy or liquidation of any Chargor or for
any other reason any payment under or in connection with this Deed is made or fails to be satisfied in a currency (the “Payment Currency”) other than the currency in which such payment is due under or in connection with this Deed
(the “Contractual Currency”), then to the extent that the amount of such payment actually received by the Chargee when converted into the Contractual Currency at the rate of exchange, falls short of the amount due under or in
connection with this Deed, each Chargor, as a separate and independent obligation, shall indemnify and hold harmless the Chargee against the amount of such shortfall. For the purposes of this Clause 13.2, “rate of
exchange” means the rate at which the Chargee is able on or about the date of such payment to purchase the Contractual Currency with the Payment Currency and shall take into account any premium and other costs of exchange with respect
thereto. 

  

	14.	POWER OF ATTORNEY 

  

	14.1	Each Chargor, by way of security and in order more fully to secure the performance of its obligations hereunder, hereby irrevocably appoints the Chargee and the persons deriving
title under it (including, but without any limitation, any receiver) jointly and also severally (with full power of substitution and delegation) to be its attorney-in-fact: 

  

	 	(a)	to execute and complete in favour of the Chargee or its nominees or of any purchaser any documents which the Chargee may from time to time require for perfecting the Chargee’s
title to, for vesting any of the assets and property hereby charged, or assigned in the Chargee or its nominees or in any purchaser or for any of the purposes contemplated by this Deed; 

  

	 	(b)	after the occurrence of an Event of Default, to give effectual discharges for payments, to take and institute on non-payment (if the Chargee in its sole discretion so decides) all
steps and proceedings in the name of any Chargor or of the Chargee for the recovery of such moneys, property and assets hereby charged or assigned; 

  

	 	(c)	after the occurrence of an Event of Default, to agree accounts and make allowances and give time or other indulgence to any surety or other person liable; 

 

	 	(d)	so as to enable the Chargee to carry out in the name of any Chargor any obligation imposed on any Chargor by this Deed (including the execution and delivery of any deeds, charges,
assignments or other security and any transfers of the Charged Property and the exercise of all the Chargors rights and discretions in relation to the Charged Property); 

  

	 	(e)	so as to enable the Chargee and any receiver or other person to exercise, or delegate the exercise of, any of the rights, powers and authorities conferred on them by or pursuant to
this Deed or by law (including, after the occurrence of an Event of Default, the exercise of any right of a legal and beneficial owner of the Charged Property), and 

  

	 	(f)	generally for it and in its name and on its behalf and as its act and deed or otherwise execute, seal and deliver and otherwise perfect and do any such legal assignments and other
assurances, charges, authorities and documents over the moneys, property and assets hereby charged, and all such deeds, instruments, acts and things which may be required for the full exercise of all or any of the powers conferred or which may be
deemed proper on or in connection with any of the purposes aforesaid. 

	14.2	Notwithstanding any other provision of clause 7.1, such power shall not be exercisable by or on behalf of the Chargee as the case may be until an Event of Default has occurred.

  

	14.3	The power hereby conferred shall be a general power of attorney and each Chargor hereby ratifies and confirms and agrees to ratify and confirm any instrument, act or thing which any
attorney appointed pursuant hereto may execute or do. In relation to the power referred to herein, the exercise by the Chargee of such power shall be conclusive evidence of its right to exercise the same. 

  

	15.	EXPENSES 

  

	15.1	Each Chargor shall pay to the Chargee on demand all reasonable costs, fees and expenses (including, but not limited to, properly incurred legal fees and expenses) and taxes thereon
incurred by the Chargee or for which the Chargee may become liable in connection with: 

  

	 	(a)	the negotiation, preparation and execution of this Deed; 

  

	 	(b)	the preserving or enforcing of, or attempting to preserve or enforce, any of its rights under this Deed or the priority hereof; 

  

	 	(c)	any variation of, or amendment or supplement to, any of the terms of this Deed; or 

  

	 	(d)	any consent or waiver required from the Chargee in relation to this Deed, 

 and in the case referred to in Clauses 15.1(c) and 15.1(d) regardless of whether the same is actually implemented, completed or granted, as the case may be. 
  

	15.2	Each Chargor shall pay promptly all registration, stamp, documentary and other like duties and taxes to which this Deed may be subject or give rise and shall indemnify the Chargee
on demand against any and all liabilities with respect to or resulting from any delay or omission on the part of any Chargor to pay any such duties or taxes. 

  

	16.	RELEASE 

  

	16.1	Subject to Clause 16.2, when all the Loan Document Obligations have been paid in full in cash, the Commitments have expired or been terminated, the principal and interest on
each Loan and all fees payable under the Loan Documents shall have been paid in full, all Letters of Credit shall have expired or been terminated (or otherwise provided for in a manner satisfactory to the applicable Issuing Bank) and all LC
Disbursements shall have been reimbursed, the Administrative Agent shall (at the request and cost of the Chargors) execute such documents and do all such reasonable acts as may be necessary to release the Charged Property from the security
constituted by this Deed. Such release shall not prejudice the rights of the Administrative Agent under Clause 13. 

  

	16.2	If the Chargee considers in good faith that any amount received in payment or purported payment of the Secured Obligations (whether received from or paid by a Chargor or any other
relevant person) is capable of being avoided or reduced by virtue of any insolvency or other similar laws: 

  

	 	(a)	the liability of each Chargor under this Deed and the security constituted by this Deed shall continue and such amount shall not be considered to have been irrevocably paid; and

  

	 	(b)	the Chargee may keep any security held by it in respect of each Chargor’s liability under the Loan Documents in order to protect the Secured Parties against any possible claim
under insolvency law for up to six years after all Secured Obligations have been satisfied. 

 If a claim is made against a
Secured Party within that period, the Chargee may keep the security until that claim has finally been dealt with. 

	17.	NOTICES 

  

	17.1	Any notice or other communication given or made under or in connection with the matters contemplated by this Deed shall be provided in accordance with Section 9.01 of the
Credit Agreement. 

  

	18.	ASSIGNMENTS 

  

	18.1	This Deed shall be binding upon and shall ensure to the benefit of each Chargor, the Administrative Agent and each of their respective successors and (subject to clauses 18.2
and 18.3) assigns and references in this Deed to any of them shall be construed accordingly. 

  

	18.2	Each Chargor may not assign or transfer all or any part of its rights and/or obligations under this Deed. 

  

	18.3	The Administrative Agent may assign and transfer its rights pursuant to this Deed in accordance with the terms of Clause 9.04 of the Credit Agreement.

  

	19.	ADMINISTRATIVE AGENT 

  

	19.1	The Administrative Agent holds the benefit of this Deed (and any other security created in its favour pursuant to this Deed) as agent for and on behalf of the Secured Parties
pursuant to the terms of the Credit Agreement. The retirement of the person for the time being acting as Administrative Agent and the appointment of a successor shall be effected in the manner provided for in the Credit Agreement.

  

	19.2	Nothing in this Deed shall constitute or be deemed to constitute a partnership between any of the Secured Parties and the Administrative Agent. 

  

	20.	SET-OFF 

  

	20.1	Each Chargor authorises the Administrative Agent (but the Administrative Agent shall not be obliged to exercise such right), after the occurrence of an Event of Default to set off
against the Secured Obligations any amount or other obligation (contingent or otherwise) owing by the Administrative Agent to the relevant Chargor. 

  

	21.	SUBSEQUENT SECURITY INTERESTS 

  

	21.1	If the Chargee at any time receives or is deemed to have received notice of any subsequent Security Interest affecting all or any part of the Charged Property or any assignment or
transfer of the Charged Property which is prohibited by the terms of this Deed, all payments thereafter by or on behalf of any Chargor to the Administrative Agent shall be treated as having been credited to a new account of the relevant Chargor and
not as having been applied in reduction of the Secured Obligations as at the time when the Administrative Agent received such notice. 

  

	22.	COVENANTS 

  

	22.1	 Each of the Chargors (other than Seagate Technology and Seagate Technology HDD Holdings) hereby make the covenants set out in Sections 4.04, 4.05, 4.06, 4.07, 4.09,
4.12(a), 4.12(b), 4.13(a), 4.13(b), 4.13(c), 4.13(d), 4.13(e), 4.13(f), 4.13(g), 4.13(h) and 4.13(i), inclusive, of the U.S. Security Agreement and such covenants are hereby incorporated by reference into this Deed. For the purposes of this Clause
22.1, all references to Grantor or Grantors in the 

	 	 
aforementioned Sections of the U.S. Security Agreement shall be construed as references to the Chargor or Chargors as appropriate and, where not otherwise
defined in this Deed, the defined terms used in such Sections shall bear the meanings ascribed thereto in the U.S. Security Agreement. 

  

	22.2	If at any time any Chargor shall take a security interest in any property of a debtor in respect of an Intercompany Loan or any other person to secure payment and performance of an
Intercompany Loan, such Chargor shall promptly assign such security interest to the Administrative Agent to the extent permitted by any contracts or arrangements to which such property is subject. Such assignment need not be filed on public record
unless necessary to continue the perfected status of the security interest against creditors of and transferees from the debtor in respect of the relevant Intercompany Loan or other person granting the security interest. 

  

	22.3	None of the Chargors will, without the Administrative Agent’s prior written consent, grant any extension of the time of payment of any of the Intercompany Loans, compromise,
compound or settle the same for less than the full amount thereof, release, wholly or partly, any person liable for the payment thereof or allow any material credit or discount whatsoever thereon, other than extensions, credits, discounts,
compromises or settlements granted or made in the ordinary course of business and consistent with its current practices. 

  

	23.	MISCELLANEOUS 

  

	23.1	The Chargee, at any time and from time to time, may delegate by power of attorney or in any other manner to any person or persons all or any of the powers, authorities and
discretions which are for the time being exercisable by the Chargee under this Deed in relation to the Charged Property or any part thereof. Any such delegation may be made upon such terms and be subject to such regulations as the Chargee may
think fit. The Chargee shall not be in any way liable or responsible to any Chargor for any loss or damage arising from any act, default, omission or misconduct on the part of any such delegate provided the Chargee has acted reasonably in
selecting such delegate. 

  

	23.2	If any of the clauses, conditions, covenants or restrictions (the “Provision”) of this Deed or any deed or document emanating from it shall be found to be void but
would be valid if some part thereof were deleted or modified, then the Provision shall apply with such deletion or modification as may be necessary to make it valid and effective. 

  

	23.3	This Deed (together with any documents referred to herein) constitutes the whole agreement between the Parties relating to its subject matter and no variations hereof shall be
effective unless made in writing and signed by each of the Parties. 

  

	23.4	Each document, instrument, statement, report, notice or other communication delivered in connection with this Deed shall be in English or where not in English shall be accompanied
by a certified English translation which translation shall with respect to all documents of a contractual nature and all certificates and notices to be delivered hereunder be the governing version and upon which in all cases the Chargee and the
Secured Parties shall be entitled to rely. 

  

	23.5	This Deed may be executed in counterparts each of which when executed and delivered shall constitute an original but all such counterparts together shall constitute one and the same
instrument. 

  

	23.6	The parties intend that this Deed takes effect as a deed notwithstanding the fact that the Chargee may only execute it under hand. 

	24.	ACKNOWLEDGMENT 

  

	24.1	By execution hereof, each of the relevant Chargors acknowledges that the Intercompany Loan in respect of which such Chargor is the debtor has been assigned by way of
security and agrees that this Deed and the U.S. Security Agreement shall constitute notice of such assignment. 

  

	25.	LAW AND JURISDICTION 

  

	25.1	This Deed shall be governed by and construed in accordance with the laws of the Cayman Islands and the Parties hereby irrevocably submit to the non-exclusive jurisdiction of
the courts of the Cayman Islands, provided that nothing in this clause shall affect the right of the Chargee to serve process in any manner permitted by law or limit the right of the Chargee to take proceedings with respect to this Deed against
any Chargor in any jurisdiction nor shall the taking of proceedings with respect to this Deed in any jurisdiction preclude the Chargee from taking proceedings with respect to this Deed in any other jurisdiction, whether concurrently or not.

 IN WITNESS whereof this Omnibus Debenture has been entered into by the parties and executed as a deed on the day
and the year first before written. 
  

							
	EXECUTED AS A DEED by SEAGATE TECHNOLOGY:	 	)	 	 /s/    Stephen J. Luczo

		 	)	 	Duly Authorised Signatory
		 	)	 		 	
		 	)	 	Name:	 	Stephen J. Luczo
		 	)	 		 	
		 	)	 	Title:	 	 President, Chief Executive Officer
 and Chairman of the
Board

		 	)	 		 	

  

			
	in the presence of:
	
	 /s/    Georgia Brint

	Signature of Witness
		
	Name:	 	Georgia Brint
		
	Address:	 	 143 Zinfandel Circle
 Scotts Valley,
CA

		
	Occupation:	 	Executive Assistant

  

 24 

							
	 EXECUTED AS A DEED by SEAGATE
 TECHNOLOGY HDD HOLDINGS:
	 	)	 	 /s/    Kenneth M. Massaroni

		 	)	 	Duly Authorised Signatory
		 	)	 	
		 	)	 	Name:	 	Kenneth M. Massaroni
		 	)	 		 	
		 	)	 	Title:	 	General Counsel, Secretary and Director
		 	)	 		 	

  

			
	in the presence of:
	
	 /s/    Regan MacPherson

	Signature of Witness
		
	Name:	 	Regan MacPherson
		
	Address:	 	 920 Disc Drive
 Scotts Valley, CA

		
	Occupation:	 	Legal Director

  

 25 

							
	 EXECUTED AS A DEED by SEAGATE
 TECHNOLOGY INTERNATIONAL:
	 	)	 	 /s/    Kenneth M. Massaroni

		 	)	 	Duly Authorised Signatory
		 	)	 	
		 	)	 	Name:	 	Kenneth M. Massaroni
		 	)	 		 	
		 	)	 	Title:	 	General Counsel, Secretary and Director
		 	)	 		 	

  

			
	in the presence of:
	
	 /s/    Regan MacPherson

	Signature of Witness
		
	Name:	 	Regan MacPherson
		
	Address:	 	 920 Disc Drive
 Scotts Valley, CA

		
	Occupation:	 	Legal Director

  

 26 

							
	 EXECUTED AS A DEED by SEAGATE
 TECHNOLOGY (IRELAND):
	 	)	 	 /s/    Kenneth M. Massaroni

		 	)	 	Duly Authorised Signatory
		 	)	 	
		 	)	 	Name:	 	Kenneth M. Massaroni
		 	)	 		 	
		 	)	 	Title:	 	Secretary and Director
		 	)	 		 	

  

			
	in the presence of:
	
	 /s/    Regan MacPherson

	Signature of Witness
		
	Name:	 	Regan MacPherson
		
	Address:	 	 920 Disc Drive
 Scotts Valley, CA

		
	Occupation:	 	Legal Director

  

 27 

							
	 EXECUTED AS A DEED by SEAGATE
 TECHNOLOGY MEDIA (IRELAND):
	 	)	 	 /s/    Kenneth M. Massaroni

		 	)	 	Duly Authorised Signatory
		 	)	 	
		 	)	 	Name:	 	Kenneth M. Massaroni
		 	)	 		 	
		 	)	 	Title:	 	Secretary and Director
		 	)	 		 	

  

			
	in the presence of:
	
	 /s/    Regan MacPherson

	Signature of Witness
		
	Name:	 	Regan MacPherson
		
	Address:	 	 920 Disc Drive
 Scotts Valley, CA

		
	Occupation:	 	Legal Director

  

 28 

							
	 EXECUTED AS A DEED by JPMORGAN
 CHASE
BANK, N.A.:
	 	)	 	 /s/    Sharon Bazbaz

		 	)	 	Duly Authorised Signatory
		 	)	 	
		 	)	 	Name:	 	Sharon Bazbaz
		 	)	 		 	
		 		 	Title:	 	Vice President

  

			
	in the presence of:
	
	 /s/    Anne Marie Pellegrino

	Signature of Witness
		
	Name:	 	Anne Marie Pellegrino
		
	Address:	 	JPMorgan Chase Bank, N.A.
		
	Occupation:	 	Administrative Assistant

  

 29 

 SCHEDULE 1 
 LIST OF CHARGORS 
  

	1.	SEAGATE TECHNOLOGY 

  

	2.	SEAGATE TECHNOLOGY HDD HOLDINGS 

  

	3.	SEAGATE TECHNOLOGY INTERNATIONAL 

  

	4.	SEAGATE TECHNOLOGY (IRELAND) 

  

	5.	SEAGATE TECHNOLOGY MEDIA (IRELAND) 

  

 30 

 SCHEDULE 2 
 BANK ACCOUNTS 
  

 31 

 SCHEDULE 3 
 INTERCOMPANY LOANS 
  

 32 

 SCHEDULE 4 
 PATENTS 
  

 33 

 SCHEDULE 5 
 REAL PROPERTY 
  

 34Second Lien U.S. Security Agreement

 EXHIBIT NO. 10.7 
 SECOND LIEN U.S. SECURITY AGREEMENT dated as of May 1, 2009 (this “Agreement”), among SEAGATE TECHNOLOGY
INTERNATIONAL, an exempted limited liability company organized under the laws of the Cayman Islands (the “Issuer”), SEAGATE TECHNOLOGY, an exempted limited liability company organized under the laws of the Cayman Islands, as
guarantor (the “Company”), the other Guarantors listed on Schedule I hereto (each such Guarantor together with the Issuer and the Company, the “Grantors” and each a “Grantor”), and WELLS FARGO
BANK, NATIONAL ASSOCIATION, as collateral agent (in such capacity, the “Collateral Agent”) for the Secured Parties (as defined below). 
 Reference is made to (a) the Indenture, dated as of May 1, 2009 (as amended, supplemented or otherwise modified from time to time, the “Indenture”), among the Issuer, the Company, the other
Guarantors from time to time party thereto (collectively, the “Guarantors” and, together with the Issuer, the “Notes Parties”) and Wells Fargo Bank, National Association, as trustee (in such capacity, the
“Trustee”), pursuant to which the Issuer issued 10.00% Senior Secured Second-Priority Notes due 2014 (collectively, the “Notes”), and (b) the Intercreditor Agreement dated as of May 1, 2009 (as amended,
supplemented, replaced or otherwise modified from time to time, the “Intercreditor Agreement”), among the Issuer, the Company, the other Guarantors named therein, the Collateral Agent and JPMorgan Chase Bank, N.A., as administrative
agent under the Senior Credit Facility (as defined in the Indenture). 
 As an inducement to the Initial Purchasers (as defined in the
Indenture) to purchase the Notes, the Grantors hereby agree with the Collateral Agent, for the ratable benefit of the Secured Parties, to the execution and delivery of an agreement in the form hereof. 
 Accordingly, the Grantors and the Collateral Agent, on behalf of itself and each Secured Party (and each of their respective successors or assigns),
hereby agree as follows: 
 ARTICLE I 
 Definitions 
 SECTION 1.01. Definition of Terms Used Herein. Unless the context otherwise requires, all capitalized
terms used but not defined herein shall have the meanings set forth in the Indenture. All terms defined in the Uniform Commercial Code as in effect in the State of New York (“UCC”) and not defined in this Agreement have the meanings
specified therein; the term “instrument” shall have the meaning specified in Article 9 of the UCC. 

 SECTION 1.02. Definition of Certain Terms Used Herein. As used herein, the following terms
shall have the following meanings: 
 “Account Debtor” shall mean any Person who is or who may become obligated to any
Grantor under, with respect to or on account of an Account. 
 “Accounts Receivable” shall mean all “Accounts” (as
defined in the UCC) and all right, title and interest in any returned goods, together with all rights, titles, securities and guarantees with respect thereto, including any rights to stoppage in transit, replevin, reclamation and resales, and all
related security interests, liens and pledges, whether voluntary or involuntary, in each case whether now existing or owned or hereafter arising or acquired. 
 “Change in Law” shall mean (a) the adoption of any law, rule or regulation after the date of this Agreement or (b) any change in any law, rule or regulation or in the interpretation or
application thereof by any Governmental Authority after the date of this Agreement. 
 “Collateral” shall mean all
(a) Accounts Receivable, (b) Chattel Paper, (c) Deposit Accounts, (d) Documents, (e) Equipment, (f) General Intangibles, (g) Instruments, (h) Inventory, (i) Investment Property, (j) cash,
(k) all books and records pertaining to the foregoing and (l) to the extent not otherwise included, all Proceeds and products of any and all of the foregoing and all collateral, security and guarantees given by any Person with respect to
any of the foregoing. 
 “Commodity Account” shall mean an account maintained by a Commodity Intermediary in which a
Commodity Contract is carried out for a Commodity Customer. 
 “Commodity Contract” shall mean a commodity futures contract,
an option on a commodity futures contract, a commodity option or any other contract that, in each case, is (a) traded on or subject to the rules of a board of trade that has been designated as a contract market for such a contract pursuant to
the federal commodities laws or (b) traded on a foreign commodity board of trade, exchange or market, and is carried on the books of a Commodity Intermediary for a Commodity Customer. 
 “Commodity Customer” shall mean a Person for whom a Commodity Intermediary carries a Commodity Contract on its books. 
 “Commodity Intermediary” shall mean (a) a Person who is registered as a futures commission merchant under the federal commodities
laws or (b) a Person who in the ordinary course of its business provides clearance or settlement services for a board of trade that has been designated as a contract market pursuant to federal commodities laws. 
 “Copyright License” shall mean any written agreement, now or hereafter in effect, granting any right to any third party under any
Copyright now or hereafter owned by any 

  

 2 

 
Grantor or that such Grantor otherwise has the right to license, or granting any right to such Grantor under any Copyright now or hereafter owned by any
third party, and all rights of such Grantor under any such agreement. 
 “Copyrights” shall mean all of the following now
owned or hereafter acquired by any Grantor: (a) all copyright rights in any work subject to the copyright laws of the United States or any other country, whether as author, assignee, transferee or otherwise, and (b) all registrations and
applications for registration of any such copyright in the United States or any other country, including registrations, supplemental registrations and pending applications for registration in the United States Copyright Office, including those
listed on Schedule II. 
 “Documents” shall mean all instruments, files, records, ledger sheets and documents covering
or relating to any of the Collateral. 
 “Entitlement Holder” shall mean a Person identified in the records of a Securities
Intermediary as the Person having a Security Entitlement against the Securities Intermediary. If a Person acquires a Security Entitlement by virtue of Section 8-501(b)(2) or (3) of the UCC, such Person is the Entitlement Holder.

 “Equipment” shall mean “Equipment” (as defined in the UCC) of any Grantor and shall include all equipment,
furniture and furnishings, and all tangible personal property similar to any of the foregoing, including tools, parts and supplies of every kind and description, and all improvements, accessions or appurtenances thereto, that are now or hereafter
owned by any Grantor. The term Equipment shall also include Fixtures. 
 “Financial Asset” shall mean (a) a Security,
(b) an obligation of a Person or a share, participation or other interest in a Person or in property or an enterprise of a Person, which is, or is of a type, dealt with in or traded on financial markets, or that is recognized in any area in
which it is issued or dealt in as a medium for investment or (c) any property that is held by a Securities Intermediary for another Person in a Securities Account if the Securities Intermediary has expressly agreed with the other Person that
the property is to be treated as a Financial Asset under Article 8 of the UCC. As the context requires, the term Financial Asset shall mean either the interest itself or the means by which a Person’s claim to it is evidenced, including a
certificated or uncertificated Security, a certificate representing a Security or a Security Entitlement. 
 “Financial
Officer” means the chief financial officer, principal accounting officer, treasurer, assistant treasurer or controller of the Issuer or the Company, as the case may be. 
 “First Lien Security Agreement” shall mean the “U.S. Security Agreement” as defined in a Senior Credit Facility that is a
First Priority Obligation (as defined in the Intercreditor Agreement). 
 “First Priority Obligations Payment Date” shall
have the meaning set forth in the Intercreditor Agreement. 
  

 3 

 “First Priority Representative” shall mean JPMorgan Chase Bank, N.A., as administrative
agent under the Senior Credit Facility or any other administrative agent under a Senior Credit Facility that is a First Priority Obligation (as defined in the Intercreditor Agreement). 
 “Fixtures” shall mean all items of Equipment, whether now owned or hereafter acquired, of any Grantor that become so related to
particular real estate that an interest in them arises under any real estate law applicable thereto. 
 “General
Intangibles” shall mean all “General intangibles” (as defined in the UCC) of any Grantor and shall include choses in action and causes of action and all other assignable intangible personal property of any Grantor of every kind
and nature (other than Accounts Receivable) now owned or hereafter acquired by any Grantor, including corporate or other business records, indemnification claims, contract rights (including rights under leases, whether entered into as lessor or
lessee, Swap Agreements and other agreements), Intellectual Property, Internet domain names, goodwill, registrations, franchises, tax refund claims and any letter of credit, guarantee, claim, security interest or other security held by or granted to
any Grantor to secure payment by an Account Debtor of any of the Accounts Receivable. 
 “Governmental Authority” shall mean
the government of the United States of America, any other nation or any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive,
legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government. 
 “Indemnitee” has the meaning set forth in Section 7.06(b) hereof. 
 “Indenture Documents”
shall mean, collectively, the Indenture, the Notes and the Security Documents. 
 “Intellectual Property” shall mean all
intellectual and similar property of any Grantor of every kind and nature now owned or hereafter acquired by any Grantor, including inventions, designs, Patents, Copyrights, rights under any Licenses, Trademarks, trade secrets, confidential or
proprietary technical and business information, know-how, show-how or other confidential or proprietary data or information, software and databases. 
 “Inventory” shall mean “Inventory” (as defined in the UCC) of any Grantor and shall include all goods of any Grantor, whether now owned or hereafter acquired, held for sale or lease, or
furnished or to be furnished by any Grantor under contracts of service, or consumed in any Grantor’s business, including raw materials, intermediates, work in process, packaging materials, finished goods, semi-finished inventory, scrap
inventory, manufacturing supplies and spare parts, and all such goods that have been returned to or repossessed by or on behalf of any Grantor. 
 “Investment Property” shall mean all Securities (whether certificated or uncertificated), Security Entitlements, Securities Accounts, Commodity Contracts and Commodity Accounts of any Grantor, whether now owned or hereafter
acquired by any Grantor. 
  

 4 

 “License” shall mean any Patent License, Trademark License, Copyright License or other
license or sublicense of intellectual and similar property of any Grantor of every kind and nature now owned or hereafter acquired by any Grantor to which any Grantor is a party, including those listed on Schedule III. Notwithstanding the
foregoing, the term “License” shall not include (a) any license or sublicense of intellectual property under which the licensor is a Person other than the Company or any of its Subsidiaries if (i) such license or sublicense of
intellectual property is held by a Grantor on the date hereof and is listed on Schedule VI or (ii) such license or sublicense of intellectual property is acquired by a Grantor after the date hereof, to the extent that such license or
sublicense prohibits the granting of a security interest over such license or sublicense or over the intellectual property that is the subject of such license or sublicense to the Collateral Agent for the benefit of the Secured Parties,
provided that, in the case of clause (ii), such Grantor and the Company have used commercially reasonable efforts to prevent the inclusion of such restrictions in the relevant license or sublicense and (b) any license or sublicense
of intellectual property to the extent that any applicable law of any Governmental Authority prohibits the granting of a security interest over such license or sublicense or over the intellectual property that is the subject of such license or
sublicense to the Collateral Agent for the benefit of the Secured Parties, provided, further, in the case of clauses (a)(ii) and (b), that the exclusion of any license or sublicense from the definition of the term License pursuant
to this sentence shall not, individually or in the aggregate, result in a Material Adverse Effect. 
 “Material Adverse
Effect” shall mean a material adverse effect on (a) the business, assets, operations, properties or financial condition of the Company and its Subsidiaries, taken as a whole, (b) the ability of the Company and the Issuer to
perform their obligations under the Indenture Documents or (c) any material rights of or benefits available to the Noteholders under the Indenture Documents. 
 “Mortgaged Property” shall mean, initially, each parcel of real property and the improvements thereto owned by the Issuer or any Guarantor and includes each other parcel of real property and
improvements thereto with respect to which a mortgage or deed of trust is granted pursuant to Section 4.18(a) or Section 11.01(b) of the Indenture. 
 “Patent License” shall mean any written agreement, now or hereafter in effect, granting to any third party any right to make, use or sell any invention under a Patent, now or hereafter owned by any
Grantor or that any Grantor otherwise has the right to license, or granting to any Grantor any right to make, use or sell any invention under a Patent, now or hereafter owned by any third party, and all rights of any Grantor under any such
agreement. 
 “Patents” shall mean all of the following now owned or hereafter acquired by any Grantor: (a) all letters
patent of the United States or the equivalent thereof in any other country, all registrations and recordings thereof, and all applications for letters patent of the United States or the equivalent thereof in any other country, including
registrations, 

  

 5 

 
recordings and pending applications in the United States Patent and Trademark Office or any similar offices in any other country, including those listed on
Schedule IV and (b) all reissues, continuations, divisions, continuations-in-part, renewals or extensions thereof, and the inventions disclosed or claimed therein, including the right to make, use and/or sell the inventions disclosed or
claimed therein. 
 “Perfection Agent” shall mean (i) prior to the First Priority Obligations Payment Date, the First
Priority Representative (including, with respect to any Collateral delivered or held by the Perfection Agent hereunder, for the benefit of the Secured Parties pursuant to Section 2.3(b) of the Intercreditor Agreement) and (ii) thereafter,
the Collateral Agent. 
 “Perfection Schedule” shall mean a schedule substantially in the form of Annex 1 hereto, completed
and supplemented with the schedules and attachments contemplated thereby. 
 “Proceeds” shall mean “proceeds” (as
defined in the UCC) of any Grantor and shall include any consideration received from the sale, exchange, license, lease or other disposition of any asset or property that constitutes Collateral, any value received as a consequence of the possession
of any Collateral and any payment received from any insurer or other Person or entity as a result of the destruction, loss, theft, damage or other involuntary conversion of whatever nature of any asset or property that constitutes Collateral, and
shall include (a) all cash and negotiable instruments received by or held on behalf of the First Priority Representative pursuant to Section 6.01 of the First Lien Security Agreement or the Collateral Agent pursuant to Section 6.01
hereof, (b) any claim of any Grantor against any third party for (and the right to sue and recover for and the rights to damages or profits due or accrued arising out of or in connection with) (i) past, present or future infringement of
any Patent now or hereafter owned by any Grantor, or licensed under a Patent License, (ii) past, present or future infringement or dilution of any Trademark now or hereafter owned by any Grantor or licensed under a Trademark License or injury
to the goodwill associated with or symbolized by any Trademark now or hereafter owned by any Grantor, (iii) past, present or future breach of any License and (iv) past, present or future infringement of any Copyright now or hereafter owned
by any Grantor or licensed under a Copyright License and (c) any and all other amounts from time to time paid or payable under or in connection with any of the Collateral. 
 “Related Parties” shall mean, with respect to any specified Person, such Person’s Affiliates and the respective directors,
officers, agents, trustees and advisors of such Person and such Person’s Affiliates. 
 “Second Lien U.S. Pledge
Agreement” shall mean the Second Lien U.S. Pledge Agreement dated as of the date hereof among the Company, the other Guarantors party thereto and the Collateral Agent. 
 “Secured Obligations” shall mean (a) the due and punctual payment of (i) the principal of and premium, if any, and interest
(including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, 

  

 6 

 
regardless of whether allowed or allowable in such proceeding) on the Notes, when and as due, whether at maturity, by acceleration, upon redemption, upon
mandatory repayment or repurchase pursuant to a mandatory offer to purchase or otherwise, and (ii) all other monetary obligations, including penalties, reimbursements, 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 the Grantor, the
Issuer or the other Notes Parties to the Secured Parties under the Indenture, this Agreement and the other Indenture Documents, and (b) the due and punctual performance of all agreements, obligations and liabilities of each Grantor under or
pursuant to the Indenture, this Agreement and the other Indenture Documents. 
 “Secured Parties” shall mean, collectively,
the Collateral Agent, the Trustee and the Noteholders, the beneficiaries of each indemnification obligation undertaken by any Notes Party under any Indenture Document and the successors and assigns of each of the foregoing, in each case, to which
any Secured Obligations are owed. 
 “Securities” shall mean any obligations of an issuer or any shares, participations or
other interests in an issuer or in property or an enterprise of an issuer that (a) are represented by a certificate representing a security in bearer or registered form, or the transfer of which may be registered upon books maintained for that
purpose by or on behalf of the issuer, (b) are one of a class or series or by its terms is divisible into a class or series of shares, participations, interests or obligations and (c)(i) are, or are of a type, dealt with or traded on
securities exchanges or securities markets or (ii) are a medium for investment and by their terms expressly provide that they are a security governed by Article 8 of the UCC. 
 “Securities Account” shall mean an account to which a Financial Asset is or may be credited in accordance with an agreement under which
the Person maintaining the account undertakes to treat the Person for whom the account is maintained as entitled to exercise rights that comprise the Financial Asset. 
 “Securities Intermediary” shall mean (a) a clearing corporation or (b) a Person, including a bank or broker, that in the ordinary course of its business maintains securities accounts for
others and is acting in that capacity. 
 “Security Entitlements” shall mean the rights and property interests of an
Entitlement Holder with respect to a Financial Asset. 
 “Security Documents” shall mean the Security Agreements and any
other agreement, document or instrument executed and delivered pursuant to Section 4.18 or Section 11.01 of the Indenture or any Security Agreement, as the same may be amended, restated or otherwise modified from time to time. 

“Security Interest” shall have the meaning assigned to such term in Section 2.01. 
  

 7 

 “Swap Agreement” shall mean any agreement with respect to any swap, forward, future or
derivative transaction or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic,
financial or pricing risk or value or any similar transaction or any combination of these transactions, provided that no phantom stock or similar plan providing for payments only on account of services provided by current or former directors,
officers, employees or consultants of any Subsidiary of the Company shall be a Swap Agreement. 
 “Trademark License” shall
mean any written agreement, now or hereafter in effect, granting to any third party any right to use any Trademark now or hereafter owned by any Grantor or that any Grantor otherwise has the right to license, or granting to any Grantor any right to
use any Trademark now or hereafter owned by any third party, and all rights of any Grantor under any such agreement. 
 “Trademarks” shall mean all of the following now owned or hereafter acquired by any Grantor: (a) all trademarks, service marks, trade names, corporate names, company names, business names, fictitious business names,
trade styles, trade dress, logos, other source or business identifiers, designs and general intangibles of like nature, now existing or hereafter adopted or acquired, all registrations and recordings thereof, and all registration and recording
applications filed in connection therewith, including registrations and registration applications in the United States Patent and Trademark Office, any State of the United States or any similar offices in any other country or any political
subdivision thereof, and all extensions or renewals thereof, including those listed on Schedule V and (b) all goodwill associated therewith or symbolized thereby. 
 “U.S. Grantors” shall mean any Grantors that are organized under the laws of the United States of America or any State thereof or the
District of Columbia. 
 “U.S. Guarantor” shall mean any Guarantors that are organized under the laws of the United States
of America or any State thereof or the District of Columbia. 
 “U.S. Notes Party” shall mean any Notes Parties that are
organized under the laws of the United States of America or any State thereof or the District of Columbia. 
 “U.S.
Subsidiary” shall mean any Subsidiary of the Company that is organized under the laws of the United States of America or any State thereof or the District of Columbia. 
 SECTION 1.03. Rules of Interpretation. The rules of interpretation specified in Section 1.02 of the Indenture shall be applicable to
this Agreement. 
 ARTICLE II 
 Security Interest 
 SECTION 2.01. Security Interest. As security for the payment or performance, as the case may be, in
full of the Secured Obligations, each Grantor hereby bargains, 

  

 8 

 
sells, conveys, assigns, sets over, mortgages, pledges, hypothecates and transfers to the Collateral Agent, its successors and assigns, for the benefit of
the Secured Parties, and hereby grants to the Collateral Agent, its successors and assigns, for the benefit of the Secured Parties, a security interest in, all of such Grantor’s right, title and interest in, to and under the Collateral (the
“Security Interest”). Without limiting the foregoing, the Collateral Agent is hereby authorized, but not required, at any time and from time to time to file one or more financing statements (including fixture filings), continuation
statements, filings 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) or other documents for the purpose of perfecting, confirming, continuing,
enforcing or protecting the Security Interest granted by each Grantor, without the signature of any Grantors, and naming any Grantor or the Grantors as debtors and the Collateral Agent as secured party. 
 SECTION 2.02. No Assumption of Liability. The Security Interest is granted as security only and shall not subject the Collateral Agent or any
other Secured Party to, or in any way alter or modify, any obligation or liability of any Grantor with respect to or arising out of the Collateral. 
 SECTION 2.03. Exceptions from the Security Interest. Notwithstanding anything in this Agreement or any other Indenture Document to the contrary, no security interest shall be granted in any Collateral hereunder, if
(a) granting such a security interest would (i) violate the law of the jurisdiction in which such Collateral is located or the law of the jurisdiction where the Person owning such asset or property is organized, (ii) violate the terms
of any material contract binding on the Issuer, the Company or any other Guarantors (but only to the extent that the restrictions in all such contracts, taken as a whole, do not materially limit the Collateral that would otherwise be pledged
pursuant to the Collateral Requirement to secure the Secured Obligations) or (iii) result in a material adverse tax consequence to the Guarantor granting such security interest (as determined reasonably by the Board of Directors) or (b) if
the cost to the Company, the Issuer or any Grantor of granting and perfecting such security interest would be excessive in view of the related benefits to be received by the Secured Parties (as determined reasonably by the Board of Directors);
provided, however, that, notwithstanding clauses (a) and (b) of this paragraph, the Notes Parties shall grant a security interest in such Collateral and execute such documentation and take such actions required to perfect any
such security interest, as the case may be, (I) to the extent that the Notes Parties grant such security interests or execute such documentation or take any such other action for perfection thereof for the benefit of the First Priority
Representative under the Senior Credit Facility and (II) in accordance with the provisions of Section 11.01(g) of the Indenture. 
  

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 ARTICLE III 
 Representations and Warranties 
 The Grantors jointly and severally represent and warrant to the Collateral
Agent and the other Secured Parties that: 
 SECTION 3.01. Title and Authority. Each Grantor has good title to all Collateral
material to its business and with respect to which it has purported to grant a Security Interest hereunder except for minor defects in title that do not interfere with its ability to conduct its business as currently conducted or to utilize such
Collateral for its intended purposes subject to Permitted Encumbrances, and has full power and authority to grant to the Collateral Agent the Security Interest in such Collateral pursuant hereto and to execute, deliver and perform its obligations in
accordance with the terms of this Agreement, without the consent or approval of any other Person other than any consent or approval that has been obtained. 
 SECTION 3.02. Filings. The Perfection Schedule has been duly prepared, completed and executed and the information set forth therein includes the exact legal name of each Grantor and otherwise is correct
and complete in all material respects. UCC financing statements (including the fixture filings listed on Schedule VII) or other appropriate filings, recordings or registrations containing a description of the Collateral as “all
assets” or “all personal property” have been delivered to the Collateral Agent for filing in each governmental, municipal or other office specified in Schedule 6 to the Perfection Schedule, which are all the filings, recordings
and registrations (other than filings necessary to perfect a security interest in Fixtures and filings, if any, required to be made in the United States Patent and Trademark Office and the United States Copyright Office in order to perfect the
Security Interest in Collateral consisting of United States Patents, Trademarks and Copyrights) that are necessary to publish notice of and protect the validity of and to establish a legal, valid and perfected security interest in favor of the
Collateral Agent (for the benefit of the Secured Parties) in respect of all Collateral in which the Security Interest may be perfected by filing, recording or registration in the United States (or any political subdivision thereof) and its
territories and possessions, and no further or subsequent filing, refiling, recording, rerecording, registration or reregistration is necessary in any such jurisdiction, except as provided under applicable law with respect to the filing of
continuation statements. 
 SECTION 3.03. Validity of Security Interest. The Security Interest constitutes (a) a legal and
valid security interest in all the Collateral securing the payment and performance of the Secured Obligations, (b) subject to the filings described in Section 3.02 above, a perfected security interest in all Collateral in which a security
interest may be perfected by filing (except Fixtures related to any piece of real estate that is neither (i) a Mortgaged Property nor (ii) subject to a fixture filing listed on Schedule VII), recording or registering a financing
statement or analogous document in the United States (or any political subdivision thereof) and its territories and possessions pursuant to the UCC or other analogous applicable law in such jurisdictions and (c) a security interest that shall
be perfected in all Collateral in which a security interest may be perfected upon the receipt and proper recording of this Agreement (or a short-form supplement to this Agreement as contemplated by Section 4.13(i)) with the United States Patent
and Trademark Office and the United States Copyright Office, as applicable, within the three month period (commencing as of the date hereof) pursuant to 35 U.S.C. §261 or 15 U.S.C. §1060 or the one month period (commencing as of
the date hereof) pursuant to 17 U.S.C. §205 and otherwise as may be required pursuant to the laws of any other necessary jurisdiction in the United States (or any political subdivision thereof) and 

  

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its territories and possessions. The Security Interest is and shall be prior to any other Lien on any of the Collateral, other than (i) First-Priority
Liens and (ii) Liens permitted pursuant to Sections 4.08 or 4.20 of the Indenture. 
 SECTION 3.04. Absence of Other Liens.
The Collateral is owned by the Grantors free and clear of any Lien, except for First-Priority Liens and Liens permitted pursuant to Sections 4.08 or 4.20 of the Indenture. No Grantor has filed or consented to the filing of (a) any financing
statement or analogous document under the UCC or any other applicable laws covering any Collateral, (b) any assignment in which any Grantor assigns any Collateral or any security agreement or similar instrument covering any Collateral with the
United States Patent and Trademark Office or the United States Copyright Office or (c) any assignment in which any Grantor assigns any Collateral or any security agreement or similar instrument covering any Collateral with any foreign
governmental, municipal or other office, which financing statement or analogous document, assignment, security agreement or similar instrument is still in effect, except, in each case, for First-Priority Liens and Liens permitted pursuant to
Sections 4.08 or 4.20 of the Indenture. 
 ARTICLE IV 
 Covenants 
 SECTION 4.01. Records. Each Grantor agrees to maintain, at its own cost and
expense, such complete and accurate records with respect to the Collateral owned by it as is consistent with its current practices, but in any event to include complete accounting records indicating all payments and proceeds received with respect to
any material part of the Collateral. 
 SECTION 4.02. Protection of Security. Each Grantor shall, at its own cost and expense,
take any and all commercially reasonable actions necessary to defend title to the Collateral against all Persons and to defend the Security Interest of the Collateral Agent in the Collateral and the priority thereof against any Lien except the
First-Priority Liens and Liens permitted pursuant to Sections 4.08 or 4.20 of the Indenture. 
 SECTION 4.03. Further Assurances.
Each Grantor agrees, at its own expense, to execute, acknowledge, deliver and cause to be duly filed all such further instruments and documents and take all such actions as may be reasonably necessary to better assure, preserve, protect and perfect
the Security Interest and the rights and remedies created hereby, including the payment of any fees and taxes required in connection with the execution and delivery of this Agreement, the granting of the Security Interest and the filing of any
financing statements (including fixture filings) or other documents in connection herewith or therewith. If any amount payable under or in connection with any of the Collateral shall be or become evidenced by any promissory note or other instrument
not already pledged to the Collateral Agent and delivered to the Perfection Agent hereunder, such note or instrument shall be promptly pledged to the Collateral Agent and delivered to the Perfection Agent, duly endorsed in a manner reasonably
satisfactory to the Perfection Agent. 
  

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 SECTION 4.04. Inspection and Verification. At any time the Senior Credit Facility is not a
Minimum Size Credit Facility, the Collateral Agent and such Persons as the Collateral Agent may reasonably designate shall have the right, subject to such party entering into a reasonable and customary confidentiality agreement with the Issuer and
the Company, to inspect the Collateral, all records related thereto (and to make extracts and copies from such records) and the premises upon which any of the Collateral is located, at reasonable times and intervals during normal business hours upon
reasonable advance notice to the respective Grantor and to verify under reasonable procedures the validity, amount, quality, quantity, value, condition and status of the Collateral. The Collateral Agent shall have the absolute right to share any
information it gains from such inspection or verification with any Secured Party subject to the execution of appropriate confidentiality undertakings reasonably satisfactory to the Company. 
 SECTION 4.05. Taxes; Encumbrances. At any time the Senior Credit Facility is not a Minimum Size Credit Facility, at its option, the
Collateral Agent may discharge past due taxes, assessments, charges, fees, Liens, security interests or other encumbrances at any time levied or placed on the Collateral and not permitted pursuant to Sections 4.08 or 4.20 of the Indenture, and
may pay for the maintenance and preservation of the Collateral, in each case to the extent any Grantor fails to do so as required by the Indenture or this Agreement, and each Grantor jointly and severally agrees to reimburse the Collateral Agent on
demand for any payment made or any expense incurred by the Collateral Agent pursuant to the foregoing authorization; provided, however, that nothing in this Section 4.05 shall be interpreted as excusing any Grantor from the
performance of, or imposing any obligation on the Collateral Agent or any Secured Party to cure or perform, any covenants or other promises of any Grantor with respect to taxes, assessments, charges, fees, liens, security interests or other
encumbrances and maintenance as set forth herein or in the other Indenture Documents. 
 SECTION 4.06. Assignment of Security
Interest. If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other Person to secure payment and performance of an Account, such Grantor shall promptly assign such security interest to the
Collateral Agent to the extent permitted by any contracts or arrangements to which such property is subject. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against
creditors of and transferees from the Account Debtor or other Person granting the security interest. 
 SECTION 4.07. Continuing
Obligations of the Grantors. Each Grantor shall remain liable to observe and perform all the conditions and obligations to be observed and performed by it under each contract, agreement or instrument relating to the Collateral, all in accordance
with the terms and conditions thereof, unless such Grantor’s failure to observe or perform any such condition or obligation would not result in a Material Adverse Effect. 
 SECTION 4.08. Use and Disposition of Collateral. None of the Grantors shall make or permit to be made an assignment, pledge or hypothecation
of the Collateral or shall grant any other Lien in respect of the Collateral, in either case except for First- 

  

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Priority Liens and Liens permitted pursuant to Sections 4.08 or 4.20 of the Indenture. None of the Grantors shall make or permit to be made any transfer of
the Collateral and each Grantor shall remain at all times in possession of the Collateral owned by it, except that (a) Inventory may be sold in the ordinary course of business and (b) unless and until the Perfection Agent shall notify the
Grantors that an Event of Default shall have occurred and be continuing and that during the continuance thereof the Grantors shall not sell, convey, lease, assign, transfer or otherwise dispose of any Collateral (which notice may be given by
telephone if promptly confirmed in writing), the Grantors may use and dispose of the Collateral in any manner not inconsistent with the provisions of this Agreement, the Indenture or any other Indenture Document. Without limiting the generality of
the foregoing, each Grantor agrees that it shall not permit any material portion of the Inventory to be in the possession or control of any warehouseman, bailee, agent or processor at any time unless within 45 days of the later of the date hereof
and the date on which such warehouseman, bailee, agent or processor first acquires possession or control of such Inventory, such warehouseman, bailee, agent or processor shall have been notified of the Security Interest. 
 SECTION 4.09. Limitation on Modification of Accounts. None of the Grantors will, without the Perfection Agent’s prior written
consent, grant any extension of the time of payment of any of the Accounts Receivable, compromise, compound or settle the same for less than the full amount thereof, release, wholly or partly, any Person liable for the payment thereof or allow any
material credit or discount whatsoever thereon, other than extensions, credits, discounts, compromises or settlements granted or made in the ordinary course of business and consistent with its current practices. 
 SECTION 4.10. Insurance. The Grantors, at their own expense, shall maintain or cause to be maintained insurance covering physical loss or
damage to the Inventory and Equipment in accordance with Section 4.05 of the Indenture after giving effect to Section 4.20 of the Indenture. Each Grantor irrevocably makes, constitutes and appoints the Collateral Agent (and all officers,
employees or agents designated by the Collateral Agent) as such Grantor’s true and lawful agent (and attorney-in-fact) for the purpose, during the continuance of an Event of Default, subject to the provisions of the Intercreditor Agreement, of
making, settling and adjusting claims in respect of Collateral under policies of insurance, endorsing the name of such Grantor on any check, draft, instrument or other item of payment for the proceeds of such policies of insurance and for making all
determinations and decisions with respect thereto. In the event that any Grantor at any time or times shall fail to obtain or maintain any of the policies of insurance required hereby or to pay any premium in whole or part relating thereto, the
Collateral Agent may, without waiving or releasing any obligation or liability of the Grantors hereunder or any Event of Default, in its sole discretion, obtain and maintain such policies of insurance and pay such premium and take any other actions
with respect thereto as the Trustee or the Noteholders deem advisable and so direct the Collateral Agent. All sums disbursed by the Collateral Agent in connection with this Section 4.10, including reasonable attorneys’ fees, court costs,
expenses and other charges relating thereto, shall be payable, upon demand, by the Grantors to the Collateral Agent and shall be additional Secured Obligations secured hereby. 
  

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 SECTION 4.11. Legend. If any Accounts Receivable of any Grantor are evidenced by Chattel
Paper, such Grantor shall legend, in form and manner satisfactory to the Collateral Agent, such Accounts Receivable and its books, records and documents evidencing or pertaining thereto with an appropriate reference to the fact that such Accounts
Receivable have been assigned to the Collateral Agent for the benefit of the Secured Parties and that the Collateral Agent has a security interest therein. 
 SECTION 4.12. Other Actions. In order to further insure the attachment, perfection and priority of, and the ability of the Collateral Agent to enforce, the Security Interest, each Grantor agrees, in each
case at such Grantor’s own expense, to take the following actions with respect to the following Collateral: 
 (a) Deposit
Accounts. For each Deposit Account that any Grantor at any time opens or maintains, such Grantor shall promptly (and, in the case of any Deposit Account that is maintained by any Grantor as of the Issue Date, no later than the date that is 15
days after the Issue Date or (x) if the Senior Credit Facility is at the time a Minimum Size Credit Facility, such longer period as the First Priority Representative may permit pursuant to the First Lien Security Agreement or (y) if the
Senior Credit Facility is not a Minimum Size Credit Facility, such longer period as the Collateral Agent may permit in its sole discretion, provided that if such extension is granted it shall be for a period of not less than 30 days) after the Issue
Date either (i) cause the depositary bank to agree to comply with instructions from the Perfection Agent to such depositary bank directing the disposition of funds from time to time credited to such Deposit Account, without further consent of
such Grantor or any other Person, pursuant to an agreement reasonably satisfactory to the Collateral Agent, or (ii) arrange for the Perfection Agent to become the customer of the depositary bank with respect to such Deposit Account, with the
Grantor being permitted, only with the consent of the Perfection Agent, to exercise rights to withdraw funds from such Deposit Account. The Collateral Agent agrees with each Grantor that the Collateral Agent shall not give any such instructions or
withhold any withdrawal rights from any Grantor unless an Event of Default has occurred and is continuing or, after giving effect to any withdrawal, would occur. The provisions of this paragraph shall not apply to (A) Deposit Accounts used
exclusively for payroll, payroll taxes and other employee wage and benefit programs and (B) Deposit Accounts used as cash collateral accounts supporting obligations under letters of credit, letters of guarantee, Swap Agreements and similar
obligations of the Company and its Subsidiaries, to the extent that the Liens in respect of such cash collateral accounts are permitted by Sections 4.08 or 4.20 of the Indenture. 
 (b) Investment Property. Except to the extent otherwise provided in the Second Lien U.S. Pledge Agreement, if any Grantor shall at any time hold
or acquire any certificated securities, such Grantor shall forthwith endorse, assign and deliver the same to the Perfection Agent, accompanied by such instruments of transfer or assignment duly executed in blank as the Perfection Agent may from time
to time specify. If any securities now or hereafter acquired by any Grantor are uncertificated and are issued to such Grantor or its nominee directly by the issuer thereof, such Grantor shall immediately notify the Collateral Agent thereof and, at
the Perfection Agent’s request and option, pursuant to an agreement in form and substance reasonably satisfactory to the Collateral 

  

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Agent, either (i) cause the issuer to agree to comply with instructions from the Perfection Agent as to such securities, without further consent of any
Grantor or such nominee, or (ii) arrange for the Perfection Agent to become the registered owner of the securities. If any securities, whether certificated or uncertificated, or other Investment Property now or hereafter acquired by any Grantor
are held by such Grantor or its nominee through a Securities Intermediary or Commodity Intermediary, such Grantor shall immediately notify the Collateral Agent thereof and, at the Perfection Agent’s request and option (and, in the case of any
such Investment Property so held by any Grantor as of the Issue Date, no later than the date that is 15 days after the Issue Date (or (x) if the Senior Credit Facility is at such time a Minimum Size Credit Facility, such longer period as the
First Priority Representative may permit pursuant to the First Lien Security Agreement or (y) if the Senior Credit Facility is not a Minimum Size Credit Facility, such longer period as the Collateral Agent may permit in its sole discretion,
provided that if such extension is granted it shall be for a period of not less than 30 days)), pursuant to an agreement in form and substance reasonably satisfactory to the Collateral Agent, either (i) cause such Securities Intermediary or
Commodity Intermediary, as the case may be, to agree to comply with entitlement orders or other instructions from the Perfection Agent to such Securities Intermediary as to such Security Entitlements or to apply any value distributed on account of
any Commodity Contract as directed by the Perfection Agent to such Commodity Intermediary, as the case may be, in each case without further consent of any Grantor, such nominee, or any other Person, or (ii) in the case of Financial Assets or
other Investment Property held through a Securities Intermediary, arrange for the Perfection Agent to become the entitlement holder with respect to such Investment Property, with the Grantor being permitted, only with the consent of the Perfection
Agent, to exercise rights to withdraw or otherwise deal with such Investment Property. The Collateral Agent agrees with each of the Grantors that the Collateral Agent shall not give any such entitlement orders or instructions or directions to any
such issuer, Securities Intermediary or Commodity Intermediary, and shall not withhold its consent to the exercise of any withdrawal or dealing rights by any Grantor, unless an Event of Default has occurred and is continuing, or, after giving effect
to any such investment and withdrawal rights, would occur. 
 SECTION 4.13. Covenants Regarding Patent, Trademark and Copyright
Collateral. (a) Each Grantor agrees that it will not, and will use commercially reasonable efforts to ensure that its licensees will not, take or fail to take any action whereby any Patent that is material to the conduct of such
Grantor’s business may become invalidated or prematurely (after any steps to renew or extend such Grantor’s rights therein that (i) are available to such Grantor pursuant to 15 U.S.C. Section 155, 155A and 156 or (ii) become
available to such Grantor as a result of a Change in Law, have been taken) dedicated to the public, and agrees that it shall continue to mark any products covered by a material Patent with the relevant patent number as necessary and sufficient to
establish and preserve its rights to the fullest extent (as they exist on the latter of the date hereof or the date on which such Patent is acquired) under applicable patent laws pursuant to which each such Patent is issued. 
 (b) Each Grantor (either itself or through its licensees or its sublicensees) will, for each Trademark material to the conduct of such Grantor’s
business, (i) maintain such 

  

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Trademark in full force free from any meritorious claim of abandonment or invalidity for non-use the adverse determination of which could result in a
Material Adverse Effect, (ii) maintain the quality of products and services offered under such Trademark sufficient to preclude any findings by any Governmental Authority of abandonment, (iii) display such Trademark with notice of Federal
or foreign registration to the extent necessary and sufficient to establish and preserve its maximum rights under applicable law pursuant to which each such Trademark is registered and (iv) not knowingly use or knowingly permit its licensees or
sublicensees to use such Trademark in violation of any third party rights. 
 (c) Each Grantor (either itself or through licensees) will, for
each work covered by a material Copyright that it continues to publish, reproduce, display, adopt or distribute, provide appropriate copyright notice as necessary and sufficient to establish and preserve its maximum rights under applicable copyright
laws pursuant to which each such Copyright is issued. 
 (d) Each Grantor shall notify the Collateral Agent promptly if it knows or has
reason to know that any Patent, Trademark or Copyright material to the conduct of its business may become abandoned, lost or dedicated to the public, or of any materially adverse determination or development (including the institution of any
proceeding, or any materially adverse determination or development, in or by the United States Patent and Trademark Office, United States Copyright Office or any court or similar office of any country) regarding such Grantor’s ownership of any
Patent, Trademark or Copyright, its right to register, or to keep and maintain the same. 
 (e) Each Grantor will deliver to the Collateral
Agent a written supplement to the Schedules hereto showing any additional Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks and Trademark Licenses acquired by such Grantor after the date hereof, all to the extent and in the form
necessary for filing in reasonable detail, which supplements shall be delivered (x) with respect to Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks and Trademark Licenses that are registered in the U.S., not later than 30
days after the end of each fiscal quarter of the Company beginning with the fiscal quarter ended July 3, 2009, and (y) with respect to all other Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks and Trademark Licenses,
not later than 30 days after the end of each fiscal quarter of the Company ended on or about July 3 and January 1 of each fiscal year, beginning with the fiscal quarter ended July 3, 2009; provided, however, that such
written supplement need not reflect any License granting any right to any third party under any Copyright, Patent or Trademark now or hereafter owned by any Grantor or that such Grantor otherwise has the right to license. Each Grantor shall execute
and deliver to the Collateral Agent, and have recorded, any and all agreements, instruments, documents and papers, (i) if the Senior Credit Facility is at such time a Minimum Size Credit Facility, if requested to do so with respect to the First
Priority Lien Obligations by the First Priority Representative pursuant to Section 4.13 of the First Lien Security Agreement and (ii) if the Senior Credit Facility is not a Minimum Size Credit Facility, as may be reasonably necessary, to
evidence and perfect the Collateral Agent’s security interest in such Patent, Trademark or Copyright, and each Grantor hereby appoints the Collateral Agent as its attorney-in-fact to execute and file such writings for the foregoing purposes,
all acts of such attorney being hereby ratified and confirmed; such power, being coupled with an interest, is irrevocable. 
  

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 (f) Each Grantor will exercise its reasonable business judgment as to all necessary steps that are
consistent with the practice in any proceeding before the United States Patent and Trademark Office, United States Copyright Office or any comparable office or agency in any political subdivision of the United States or in any other country or any
political subdivision thereof, to maintain and pursue each material application relating to the Patents, Trademarks and/or Copyrights (and to obtain the relevant grant or registration) and to maintain each issued Patent and each registration of the
Trademarks and Copyrights that is material to the conduct of any Grantor’s business, including, when applicable, timely filings of applications for renewal, affidavits of use, affidavits of incontestability and payment of maintenance fees, and,
if consistent with good business judgment, to initiate opposition, interference and cancelation proceedings against third parties. 
 (g) In
the event that any Grantor has reason to believe that any Collateral consisting of a Patent, Trademark or Copyright material to the conduct of any Grantor’s business has been or is about to be materially infringed, misappropriated or diluted by
a third party, such Grantor promptly shall notify the Collateral Agent and shall, if consistent with the Grantor’s reasonable good business judgment, promptly sue to recover any and all damages and take such other actions as are appropriate
under the circumstances to protect such Collateral. 
 (h) Upon and during the continuance of an Event of Default, each Grantor shall use its
best efforts to obtain all requisite consents or approvals from the licensor of each Copyright License, Patent License or Trademark License to effect the assignment of all of such Grantor’s right, title and interest thereunder to the Perfection
Agent or its designee, except to the extent that the Perfection Agent shall determine that any such assignment would result in the permanent destruction of the value or validity of such License or the Intellectual Property that is the subject of
such License; provided, however, that nothing in this sentence shall be construed as requiring or obligating the Collateral Agent or any Secured Party to make any such determination, and no action taken or permitted to be taken by the
Collateral Agent or any Secured Party with respect to such determination shall give rise to any defense, counterclaim or offset in favor of any Grantor or to any claim or action against the Collateral Agent or any Secured Party. 
 (i) Each Grantor shall ensure that fully executed security agreements in the form hereof (or short-form supplements to this Agreement in form and
substance reasonably satisfactory to the Collateral Agent) and containing a description of all Collateral consisting of Intellectual Property, to the extent and in the form necessary for filing, shall have been received within three months after the
execution of this Agreement with respect to United States Patents and United States registered Trademarks (and Trademarks for which United States registration applications are pending) and within one month after the execution of this Agreement with
respect to United States registered Copyrights by the Collateral Agent for recording by the United States Patent and Trademark Office and the United States Copyright Office pursuant to 35 U.S.C. § 261, 15 

  

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U.S.C. § 1060 or 17 U.S.C. § 205 and the regulations thereunder, as applicable, and otherwise as may be required pursuant to the laws of
any other necessary jurisdiction in the United States (or any political subdivision thereof) and its territories and possessions, to protect the validity of and to establish a legal, valid and perfected security interest in favor of the Collateral
Agent (for the ratable benefit of the Secured Parties) in respect of all Collateral consisting of Patents, Trademarks and Copyrights in which a security interest may be perfected by filing, recording or registration in the United States (or any
political subdivision thereof) and its territories and possessions, or in any other necessary jurisdiction, and no further or subsequent filing, refiling, recording, rerecording, registration or reregistration is necessary in any such jurisdiction
(other than such actions as are necessary to perfect the Security Interest with respect to any Collateral consisting of Patents, Trademarks and Copyrights (or registration or application for registration thereof) acquired or developed after the date
hereof). 
 ARTICLE V 
 Power of
Attorney 
 SECTION 5.01. [Intentionally Omitted] 
 SECTION 5.02. Power of Attorney. Each Grantor irrevocably makes, constitutes and appoints the Collateral Agent (and all officers, employees or agents designated by the Collateral Agent) as such
Grantor’s true and lawful agent and attorney-in-fact, and in such capacity the Collateral Agent shall have the right, subject to the Intercreditor Agreement, with power of substitution for each Grantor and in each Grantor’s name or
otherwise, for the use and benefit of the Collateral Agent and the Secured Parties, if an Event of Default shall have occurred and be continuing (a) to receive, endorse, assign and/or deliver any and all notes, acceptances, checks, drafts,
money orders or other evidences of payment relating to the Collateral or any part thereof; (b) to demand, collect, receive payment of, give receipt for and give discharges and releases of all or any of the Collateral; (c) to sign the name
of any Grantor on any invoice or bill of lading relating to any of the Collateral; (d) to send verifications of Accounts Receivable to any Account Debtor; (e) to commence and prosecute any and all suits, actions or proceedings at law or in
equity in any court of competent jurisdiction to collect or otherwise realize on all or any of the Collateral or to enforce any rights in respect of any Collateral; (f) to settle, compromise, compound, adjust or defend any actions, suits or
proceedings relating to all or any of the Collateral; (g) to notify, or to require any Grantor to notify, Account Debtors to make payment directly to the Collateral Agent; and (h) to use, sell, assign, transfer, pledge, make any agreement
with respect to or otherwise deal with all or any of the Collateral, and to do all other acts and things necessary to carry out the purposes of this Agreement, as fully and completely as though the Collateral Agent were the absolute owner of the
Collateral for all purposes; provided, however, that nothing herein contained shall be construed as requiring or obligating the Collateral Agent or any Secured Party to make any commitment or to make any inquiry as to the nature or
sufficiency of any payment received by the Collateral Agent or any Secured Party, or to present or file any claim or notice, or to take any action with respect to the Collateral or any part thereof or the moneys due or to become due in respect
thereof or any property covered thereby, and 

  

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no action taken or omitted to be taken by the Collateral Agent or any Secured Party with respect to the Collateral or any part thereof shall give rise to any
defense, counterclaim or offset in favor of any Grantor or to any claim or action against the Collateral Agent or any Secured Party. The Collateral Agent shall give prior or simultaneous notice to the Issuer of its intent to begin taking actions
under this Section 5.02; provided, however, that any failure to give such notice shall in no way affect the Collateral Agent’s right, power or authority to take such actions. It is understood and agreed that the appointment
of the Collateral Agent as the agent and attorney-in-fact of the Grantors for the purposes set forth above is coupled with an interest and is irrevocable. The provisions of this Section shall in no event relieve any Grantor of any of its obligations
hereunder or under any other Indenture Document with respect to the Collateral or any part thereof or impose any obligation on the Collateral Agent or any Secured Party to proceed in any particular manner with respect to the Collateral or any part
thereof, or in any way limit the exercise by the Collateral Agent or any Secured Party of any other or further right that it may have on the date of this Agreement or hereafter, whether hereunder, under this Agreement or the Indenture, by law or
otherwise. 
 ARTICLE VI 
 Remedies 
 SECTION 6.01. Remedies upon Default. Upon the occurrence and during the continuance of an Event of Default,
each Grantor agrees, subject to the Intercreditor Agreement, to deliver each item of Collateral to the Collateral Agent on demand, and it is agreed that the Collateral Agent shall have the right, subject to the Intercreditor Agreement, to take any
of or all the following actions at the same or different times: (a) with respect to any Collateral consisting of Intellectual Property, on demand, to cause the Security Interest to become an assignment, transfer and conveyance of any of or all
such Collateral by the applicable Grantors to the Collateral Agent, or to license or sublicense, whether general, special or otherwise, and whether on an exclusive or non-exclusive basis, any such Collateral throughout the world on such terms and
conditions and in such manner as the Collateral Agent shall determine, except to the extent such assignment, transfer, conveyance or grant of a license or sublicense would result in the permanent destruction of the validity or value of the
Intellectual Property that is the subject of such license and (b) with or without legal process and with or without prior demand for performance, to take possession of the Collateral and without liability for trespass to enter any premises
where the Collateral may be located for the purpose of taking possession of or removing the Collateral and, generally, to exercise any and all rights afforded to a secured party under the UCC or other applicable law. Without limiting the generality
of the foregoing, each Grantor agrees that the Collateral Agent shall have the right, subject to the Intercreditor Agreement and the mandatory requirements of applicable law, to sell or otherwise dispose of all or any part of the Collateral, at
public or private sale or at any broker’s board or on any securities exchange, for cash, upon credit or for future delivery as the Collateral Agent shall deem appropriate. The Collateral Agent shall be authorized at any such sale (if it deems
it advisable to do so) to restrict the prospective bidders or purchasers to Persons who will represent and agree that they are purchasing the Collateral for their own account for 

  

 19 

 
investment and not with a view to the distribution or sale thereof, and upon consummation of any such sale the Collateral Agent shall have the right to
assign, transfer and deliver to the purchaser or purchasers thereof the Collateral so sold. Each such 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 and appraisal that such Grantor now has or may at any time in the future have under any rule of law or statute now existing or hereafter enacted. Except as provided below,
the Collateral Agent shall give prior or simultaneous notice to the Issuer of its intent to begin taking actions under this Section 6.01; provided, however, that any failure to give such notice shall in no way affect the
Collateral Agent’s right, power or authority to take such actions. 
 The Collateral Agent shall give the Grantors 10 days’
written notice (which each Grantor agrees is reasonable notice within the meaning of Section 9-611 of the UCC or its equivalent in other jurisdictions) of the Collateral Agent’s intention to make any sale of Collateral. Such notice, in the
case of a public sale, shall state the time and place for such sale and, in the case of a sale at a broker’s board or on a securities exchange, shall state the board or exchange at which such sale is to be made and the day on which the
Collateral, or portion thereof, will first be offered for sale at such board or exchange. Any such public sale shall be held at such time or times within ordinary business hours and at such place or places as the Collateral Agent may fix and state
in the notice (if any) of such sale. At any such sale, the Collateral, or portion thereof, to be sold may be sold in one lot as an entirety or in separate parcels, as the Collateral Agent may (in its sole and absolute discretion) determine. The
Collateral Agent shall not be obligated to make any sale of any Collateral if it shall determine not to do so, regardless of the fact that notice of sale of such Collateral shall have been given. The Collateral Agent may, without notice or
publication, adjourn any public or private sale or cause the same to be adjourned from time to time by announcement at the time and place fixed for sale, and such sale may, without further notice, be made at the time and place to which the same was
so adjourned. In case any sale of all or any part of the Collateral is made on credit or for future delivery, the Collateral so sold may be retained by the Collateral Agent until the sale price is paid by the purchaser or purchasers thereof, but the
Collateral Agent shall not incur any liability in case any such purchaser or purchasers shall fail to take up and pay for the Collateral so sold and, in case of any such failure, such Collateral may be sold again upon like notice. At any public (or,
to the extent permitted by law, private) sale made pursuant to this Section 6.01, any Secured Party may bid for or purchase, free (to the extent permitted by law) from any right of redemption, stay, valuation or appraisal on the part of any
Grantor (all said rights being also hereby waived and released to the extent permitted by law), the Collateral or any part thereof offered for sale and may make payment on account thereof by using any Obligation then due and payable to such Secured
Party from any Grantor as a credit against the purchase price, and such Secured Party may, upon compliance with the terms of sale, hold, retain and dispose of such property without further accountability to any Grantor therefor, except that any
remaining proceeds thereof shall be delivered to the Grantors to the extent required by Section 6.02. For purposes hereof, subject, in each case, to the Intercreditor Agreement, a written agreement to purchase the Collateral or any portion
thereof shall be treated as a sale thereof; the Collateral Agent shall be free to carry out such sale pursuant to such 

  

 20 

 
agreement and no Grantor shall be entitled to the return of the Collateral or any portion thereof subject thereto, notwithstanding the fact that after the
Collateral Agent shall have entered into such an agreement all Events of Default shall have been remedied and the Secured Obligations paid in full in cash. As an alternative to exercising the power of sale herein conferred upon it, the Collateral
Agent may proceed by a suit or suits at law or in equity to foreclose this Agreement and to sell the Collateral or any portion thereof pursuant to a judgment or decree of a court or courts having competent jurisdiction or pursuant to a proceeding by
a court-appointed receiver. 
 SECTION 6.02. Application of Proceeds of Sale. Subject to the Intercreditor Agreement, the
Collateral Agent shall apply the proceeds of any collection or sale of the Collateral, as well as any Collateral consisting of cash, as follows: 
 FIRST, to the payment of all costs and expenses incurred by the Collateral Agent (in its capacity as such hereunder or under any other Indenture Document) in connection with such collection or sale or otherwise in
connection with this Agreement or any of the Secured Obligations, including all court costs and the reasonable fees and expenses of its agents and legal counsel, the repayment of all advances made by the Collateral Agent hereunder or under any other
Indenture Document on behalf of any Grantor and any other costs or expenses incurred in connection with the exercise of any right or remedy hereunder or under any other Indenture Document; and 
 SECOND, in the order set forth in Section 6.10 of the Indenture. 
 The Collateral Agent shall have, subject to the Intercreditor Agreement, absolute discretion as to the time of application of any such proceeds, moneys
or balances in accordance with this Agreement. Upon any sale of the Collateral by the Collateral Agent (including pursuant to a power of sale granted by statute or under a judicial proceeding), the receipt of the purchase money by the Collateral
Agent or of the officer making the sale shall be a sufficient discharge to the purchaser or purchasers of the Collateral so sold and such purchaser or purchasers shall not be obligated to see to the application of any part of the purchase money paid
over to the Collateral Agent or such officer or be answerable in any way for the misapplication thereof. 
 SECTION 6.03. Grant of
License to Use Intellectual Property. For the purpose of enabling the Collateral Agent to exercise rights and remedies under this Article 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, non-exclusive license (exercisable without payment of royalty or other compensation to the Grantors) to use, license or sub-license any of the Collateral consisting of Intellectual
Property (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 therewith) now owned or hereafter
acquired by such Grantor, except to the extent that the granting of such license would (i) result in the permanent destruction of the validity or value of such Intellectual Property or (ii) violate the terms of any licensing agreements
relating to such Intellectual 

  

 21 

 
Property existing on the later of the date hereof and the date on which such Intellectual Property is acquired by a Grantor, provided that such
Grantor and the Company have each used commercially reasonable efforts to remove or prevent the inclusion of such restrictions from the relevant license or sublicense, and wherever the same may be located, and including in such license reasonable
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 shall be exercised, at the
option of the Collateral Agent, upon the occurrence and during the continuation of an Event of Default, provided that any license, sub-license or other transaction entered into by the Collateral Agent in accordance herewith shall be binding
upon the Grantors notwithstanding any subsequent cure of an Event of Default. 
 ARTICLE VII 
 Miscellaneous 
 SECTION 7.01.
Notices. All communications and notices hereunder shall (except as otherwise expressly permitted herein) be in writing and given as provided in Section 12.03 of the Indenture. All communications and notices hereunder to any Grantor shall
be given to it at its address or telecopy number set forth on Schedule I, with a copy to the Issuer. 
 SECTION 7.02. Security
Interest Absolute. All rights of the Collateral Agent hereunder, the Security Interest and all obligations of the Grantors hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the
Indenture, any other Indenture Document, any agreement with respect to any of the Secured Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any
other term of, all or any of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Indenture, any other Indenture Document or any other agreement or instrument, (c) any exchange, release or
non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent under or departure from any guarantee, securing or guaranteeing all or any of the Secured Obligations, or (d) any other circumstance that might
otherwise constitute a defense available to, or a discharge of, any Grantor in respect of the Secured Obligations or this Agreement. 
 SECTION 7.03. Survival of Agreement. All covenants, agreements, representations and warranties made by the Grantors herein and in the certificates or other instruments prepared or delivered in connection with or pursuant to this
Agreement or any other Indenture Document shall be considered to have been relied upon by the Collateral Agent and the other Secured Parties and shall survive the execution and delivery of this Agreement and the Indenture, regardless of any
investigation made by the Secured Parties or on their behalf, and notwithstanding that any Secured Party may have had notice or knowledge of any Default, and shall continue in full force and effect until this Agreement shall terminate. 

 

 22 

 SECTION 7.04. Binding Effect; Several Agreement. This Agreement shall become effective as to
any Grantor when a counterpart hereof executed on behalf of such Grantor shall have been delivered to the Collateral Agent and a counterpart hereof shall have been executed on behalf of the Collateral Agent, and thereafter shall be binding upon such
Grantor and the Collateral Agent and their respective successors and assigns, and shall inure to the benefit of such Grantor, the Collateral Agent and the other Secured Parties and their respective successors and assigns, except that no Grantor
shall have the right to assign or transfer its rights or obligations hereunder or any interest herein or in the Collateral (and any such assignment or transfer shall be void) except as expressly contemplated by this Agreement or the Indenture. This
Agreement shall be construed as a separate agreement with respect to each Grantor and may be amended, modified, supplemented, waived or released with respect to any Grantor without the approval of any other Grantor and without affecting the
obligations of any other Grantor hereunder. 
 SECTION 7.05. Successors and Assigns. Whenever in this Agreement any of the
parties hereto is referred to, such reference shall be deemed to include the successors and assigns of such party; and all covenants, promises and agreements by or on behalf of any Grantor or the Collateral Agent that are contained in this Agreement
shall bind and inure to the benefit of each party hereto and their respective successors and assigns. 
 SECTION 7.06. Collateral
Agent’s Fees and Expenses; Indemnification. (a) Each Grantor jointly and severally agrees to pay upon demand to the Collateral Agent the amount of any and all reasonable expenses, including the reasonable fees, disbursements and other
charges of its counsel and of any experts or agents, that the Collateral Agent may incur in connection with (i) the administration of this Agreement, (ii) the custody or preservation of, or the sale of, collection from or other realization
upon, any of the Collateral, (iii) the exercise, enforcement or protection of any of the rights of the Collateral Agent hereunder or (iv) the failure of any Grantor to perform or observe any of the provisions hereof applicable to it.

 (b) Without limitation of its indemnification obligations under the other Indenture Documents, each Grantor jointly and severally
agrees to indemnify the Collateral Agent, the Trustee, the Noteholders and their Related Parties (each such Person being called an “Indemnitees”) against, and hold each of them harmless from, any and all losses, claims, damages,
liabilities and related expenses, including reasonable fees, disbursements and other charges of counsel, incurred by or asserted against any of them arising out of, in any way connected with, or as a result of, the execution, delivery or performance
of this Agreement or any claim, litigation, investigation or proceeding relating hereto or to the Collateral, whether or not any Indemnitee is a party thereto, provided that such indemnity shall not, as to any Indemnitee, be available to the
extent that such losses, claims, damages, liabilities or related expenses resulted from the gross negligence or willful misconduct of such Indemnitee. 
 (c) Any such amounts payable as provided hereunder shall be additional Secured Obligations secured hereby and by the other Security Documents. The provisions of this Section 7.06 shall remain operative and
in full force and effect regardless of the termination of this Agreement or any other Indenture Document, the consummation of 

  

 23 

 
the transactions contemplated hereby, the repayment of any of the Notes, the invalidity or unenforceability of any term or provision of this Agreement or any
other Indenture Document, or any investigation made by or on behalf of the Collateral Agent or any Noteholder. All amounts due under this Section 7.06 shall be payable on written demand therefor and shall bear interest at the rate per annum
publicly announced by the Collateral Agent as its prime rate in effect at its principal office on the date such written demand is made. 
 SECTION 7.07. GOVERNING LAW. THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. 
 SECTION 7.08. Waivers; Amendment. (a) No failure or delay of the Collateral Agent in exercising any power or right hereunder shall operate as a waiver thereof, nor shall any single or partial exercise
of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the Collateral Agent
hereunder and of the other Secured Parties under the other Indenture Documents are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provisions of this Agreement or any other Indenture
Document or consent to any departure by any Grantor therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) below, and then such waiver or consent shall be effective only in the specific instance and for
the purpose for which given. No notice to or demand on any Grantor in any case shall entitle such Grantor or any other Grantor to any other or further notice or demand in similar or other circumstances. 
 (b) Neither this Agreement nor any provision hereof may be waived, amended or modified except pursuant to an agreement or agreements in writing
entered into by the Collateral Agent and the Grantor or Grantors with respect to which such waiver, amendment or modification relates, subject to any consent required in accordance with Article 9 of the Indenture. 
 SECTION 7.09. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE
TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER INDENTURE DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY).
EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND
(B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 7.09. 
  

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 SECTION 7.10. Severability. In the event any one or more of the provisions contained in this
Agreement or in any other Indenture Document should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and therein shall not in any way be affected or
impaired thereby (it being understood that the invalidity of a particular provision in a particular jurisdiction shall not in and of itself affect the validity of such provision in any other jurisdiction). The parties shall endeavor in good-faith
negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 
 SECTION 7.11. Counterparts; Integration; Effectiveness. This Agreement may be executed in counterparts (and by different parties hereto on
different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement, the other Indenture Documents and any separate letter agreements with respect to fees
payable to the Collateral Agent constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. This
Agreement shall become effective as provided in Section 7.04. Delivery of an executed signature page to this Agreement by facsimile or Adobe .pdf transmission shall be as effective as delivery of a manually executed counterpart of this
Agreement. 
 SECTION 7.12. Headings. Article and Section headings used herein are for convenience of reference only, are not
part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement. 
 SECTION 7.13. Jurisdiction; Consent to Service of Process. (a) Each Grantor hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive jurisdiction of the Supreme Court of the State of New
York sitting in New York County and of the United States District Court of the Southern District of New York and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Agreement or any other Indenture
Document, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State
or, to the extent permitted by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any
other manner provided by law. Nothing in this Agreement or any other Indenture Document shall affect any right that the Collateral Agent or any other Secured Party may otherwise have to bring any action or proceeding relating to this Agreement or
any other Indenture Document against any Grantor or its properties in the courts of any jurisdiction. 
 (b) Each Grantor hereby
irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection that it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to 

  

 25 

 
this Agreement or any other Indenture Document in any court referred to in paragraph (a) of this Section 7.13. Each of the parties hereto hereby
irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 
 (c) Each party to this Agreement irrevocably consents to service of process in the manner provided for notices in Section 7.01. Nothing in this Agreement will affect the right of any party to this Agreement
to serve process in any other manner permitted by law. Each Grantor, other than the U.S. Grantors, hereby appoints Seagate Technology (US) Holdings, Inc. as its agent for service of process in the United States, and Seagate Technology (US) Holdings,
Inc. hereby accepts such appointment. 
 SECTION 7.14. Termination. (a) This Agreement and the Security Interest shall
terminate when all the Secured Obligations have been paid in full in cash. 
 (b) The security interest granted hereby in any Collateral
shall be automatically released as provided for, and only to the extent required by, Section 11.04 of the Indenture. 
 (c) In
connection with any termination or release pursuant to paragraph (a) or (b) of this Section 7.14, the Collateral Agent shall execute and deliver to any Grantor, at such Grantor’s expense, all documents that such Grantor shall
reasonably request to evidence such termination or release. Any execution and delivery of documents pursuant to this Section 7.14 shall be without recourse to or warranty by the Collateral Agent. 
 SECTION 7.15. Additional Grantors. Pursuant to Article 11 of the Indenture and the Collateral Requirement, (a) each Subsidiary of the
Company that is formed or acquired after the Issue Date that is (or is required to become pursuant to the Indenture) a U.S. Guarantor and (b) each other Notes Party that is formed or acquired after the Issue Date that owns property that would
constitute Collateral if such Notes Party were a party hereto, in each case is required to enter into this Agreement as a Grantor upon becoming a Guarantor. Upon execution and delivery by the Collateral Agent and a Guarantor of an instrument in the
form of Annex 2 hereto, such Guarantor shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any such instrument shall not require the consent of any other Grantor
hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor as a party to this Agreement. 
 SECTION 7.16. The Collateral Agent; Limitation on Duty of Collateral Agent in Respect of Collateral. (a) It is expressly understood and
agreed that the obligations of the Collateral Agent as holder of the Collateral and interests therein and with respect to the disposition thereof, and otherwise under this Agreement, are only those expressly set forth in this Agreement and in the
Indenture. The Collateral Agent shall act hereunder on the terms and conditions set forth herein and in Articles 7 and 11 of the Indenture. The Collateral Agent will be subject to such directions as may be given to it by the Noteholders or the
Trustee from time to time (as required or permitted by the Indenture). 

  

 26 

 
Except as directed by the Noteholders or the Trustee as required or permitted by the Indenture or as required or permitted by the Security Documents, the
Collateral Agent will not be obligated (i) to act upon directions purported to be delivered to it by any other Person, (ii) to foreclose upon or otherwise enforce any Security Interest, or (iii) to give any consents, make any
determination, exercise its discretion or take any other action whatsoever with regard to any or all of the Security Interest, the Security Documents, or the Collateral. No provision of this Agreement will require the Collateral Agent to expend or
risk its own funds or otherwise incur any financial liability in the performance of its duties hereunder, or in the exercise of its rights or powers, unless it receives from the Noteholders indemnity satisfactory to it against any loss, liability or
expense. 
 (b) In acting as Collateral Agent, the Collateral Agent may rely upon and enforce for its own benefit each and all of the rights,
powers, immunities, indemnities and benefits of the Trustee under Articles 7 and 11 of the Indenture, each of which shall also be deemed to be for the benefit of the Collateral Agent. 
 SECTION 7.17. Intercreditor Agreement. The Liens created by this Agreement on the property described herein are junior and subordinate to the
Liens on such property created by any similar instrument now or hereafter granted to any First Priority Representative, in such property, in accordance with the provisions of the Intercreditor Agreement. Notwithstanding anything to the contrary, the
exercise of any right or remedy by the Collateral Agent hereunder is subject to the provisions of the Intercreditor Agreement. In the event of any conflict between the terms of the Intercreditor Agreement and this Agreement, the terms of the
Intercreditor Agreement shall govern. 
 [Signature Pages Follow] 
  

 27 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day and year first
above written. 
  

			
	Executed as a deed by:
	
	SEAGATE TECHNOLOGY INTERNATIONAL
		
	By	 	 /s/    Kenneth M. Massaroni

	Name:	 	Kenneth M. Massaroni
	Title:	 	Secretary and General Counsel
		
	Witness	 	 /s/    Demetrios N. Mavrikis

	Name:	 	Demetrios N. Mavrikis
	Title:	 	Executive Assistant

 Signature Page to Second Lien U.S. Security Agreement 

			
	Executed as a deed by:
	
	SEAGATE TECHNOLOGY
		
	By	 	 /s/    Stephen J. Luczo

	Name:	 	Stephen J. Luczo
	Title:	 	President, Chief Executive Officer and Chairman of the Board
		
	Witness	 	 /s/    Georgia Brint

	Name:	 	Georgia Brint
	Title:	 	Executive Assistant

 Signature Page to Second Lien U.S. Security Agreement 
  

			
	Executed as a deed by:
	
	 SEAGATE TECHNOLOGY HDD HOLDINGS

		
	By:	 	 /s/    Kenneth M. Massaroni

	Name:	 	Kenneth M. Massaroni
	Title:	 	 Secretary, General Counsel and
 Senior Vice President

		
	Witness:	 	 /s/    Demetrios N. Mavrikis

	Name:	 	Demetrios N. Mavrikis
	Title:	 	Executive Assistant

 Signature Page to Second Lien U.S. Security Agreement 

			
	 SEAGATE TECHNOLOGY (US)
 HOLDINGS,
INC.

		
	by	 	 /s/    Kenneth M. Massaroni

	Name:	 	Kenneth M. Massaroni
	Title:	 	Secretary and General Counsel

 Signature Page to Second Lien U.S. Security Agreement 

			
	MAXTOR CORPORATION
		
	by	 	 /s/    Kenneth M. Massaroni

	Name:	 	Kenneth M. Massaroni
	Title:	 	Corporate Secretary, General Counsel and Senior Vice President

 Signature Page to Second Lien U.S. Security Agreement 

			
	SEAGATE TECHNOLOGY LLC
		
	by	 	 /s/    Kenneth M. Massaroni

	Name:	 	Kenneth M. Massaroni
	Title:	 	 Secretary, General Counsel and
 Senior Vice President

 Signature Page to Second Lien U.S. Security Agreement 

			
	I365 INC.
		
	by	 	 /s/    Kenneth M. Massaroni

	Name:	 	Kenneth M. Massaroni
	Title:	 	Assistant Secretary

 Signature Page to Second Lien U.S. Security Agreement 

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Collateral Agent
		
	by	 	 /s/    Maddy Hall

	Name:	 	Maddy Hall
	Title:	 	Vice President

 Signature Page to Second Lien U.S. Security Agreement 

 Schedule I to the 
 Second Lien U.S. Security Agreement 
 GRANTORS 
  

			
	 Grantor
	    	 Address

	Seagate Technology (US) Holdings, Inc.	    	 920 Disc Drive
 Scotts Valley, CA
95066

		
	Maxtor Corporation	    	 920 Disc Drive
 Scotts Valley, CA
95066

		
	i365 Inc.	    	 3101 Jay Street, Suite 110, Santa Clara,
 CA 95054

		
	Seagate Technology LLC	    	 920 Disc Drive
 Scotts Valley, CA
95066

		
	Seagate Technology	    	 920 Disc Drive
 Scotts Valley, CA
95066

		
	Seagate Technology HDD Holdings	    	 920 Disc Drive
 Scotts Valley, CA
95066

		
	Seagate Technology International	    	 920 Disc Drive
 Scotts Valley, CA
95066

 Schedule II to the 
 Second Lien U.S. Security Agreement 
 COPYRIGHTS 

 Schedule III to the 
 Second Lien U.S. Security Agreement 
 LICENSES 

 Schedule IV to the 
 Second Lien U.S. Security Agreement 
 PATENTS 

 Schedule V to the 
 Second Lien U.S. Security Agreement 
 TRADEMARKS 

 Schedule VI to the 
 Second Lien U.S. Security Agreement 
 EXCLUDED LICENSES 

 Schedule VIII to the 
 Second Lien U.S. Security Agreement 
 FIXTURE FILINGS 
  

			
	 DEBTOR
	  	JURISDICTION

 Annex 1 to the 
 Second Lien U.S. Security Agreement 
 PERFECTION SCHEDULE 
 Reference is made to the Indenture dated as of May 1, 2009 (as amended, supplemented or otherwise modified from time to time, the
“Indenture”), among Seagate Technology International, an exempted limited liability company organized under the laws of the Cayman Islands (the “Issuer”), Seagate Technology, an exempted limited liability company
organized under the laws of the Cayman Islands (the “Company”), as guarantor, the other Guarantors from time to time party thereto (collectively, the “Guarantors”) and Wells Fargo Bank, National Association, as
trustee (in such capacity, the “Trustee”). “Grantor” means the Issuer or any Guarantor that is required to execute the Second Lien U.S. Security Agreement dated as of May 1, 2009 (the “Second Lien U.S.
Security Agreement”) among the Issuer, the Company and the other Guarantors party thereto and Wells Fargo Bank, National Association, as collateral agent (in such capacity, the “Collateral Agent”) or any other Security
Agreement pursuant to the Collateral Requirement. Capitalized terms used but not defined herein have the meanings assigned in the Indenture, the Second Lien U.S. Security Agreement or the Second Lien U.S. Pledge Agreement referred to therein, as
applicable. 
 1. Names. (a) The exact legal name of each Grantor, as such name appears in its respective certificate of incorporation or
formation, is as follows: 
 (b) Set forth below is each other legal name each Grantor has had in the past five years, together with the date of the
relevant change: 
 (c) Except as set forth in Schedule 1 hereto, no Grantor has changed its identity or corporate structure in any way within the
past five years. Changes in identity or corporate structure would include mergers, consolidations and acquisitions, as well as any change in the form, nature or jurisdiction of organization. If any such change has occurred, include in
Schedule 1 the legal name, Organizational Identification Number (if any), the Federal Taxpayer Identification Number and the jurisdiction of formation of each acquiree or constituent party to a merger or consolidation. 
 (d) The following is a list of all other names (including trade names or similar appellations) used by each Grantor or any of its divisions or other business units
in connection with the conduct of its business or the ownership of its properties at any time during the past five years: 
 (e) Set forth below is the
Organizational Identification Number, if any, issued by the jurisdiction of formation of each Grantor that is a registered organization: 
 (f) Set
forth below is the Federal Taxpayer Identification Number of each Grantor: [only necessary for filing in North Dakota and South Dakota.] 
 2. Current Locations. (a) The chief executive office of each Grantor is located at the address set forth opposite its name below: 

							
	Grantor	 	Mailing Address	 	County	 	State

 (b) Set forth below opposite the name of each Grantor are all locations where such Grantor maintains any
books or records relating to any Accounts Receivable (with each location at which chattel paper, if any, is kept being indicated by an “*”): 
  

							
	Grantor	 	Mailing Address	 	County	 	State

 (c) The jurisdiction of formation of each Grantor that is a registered organization is set forth opposite its
name below: 
  

			
	Grantor:	 	Jurisdiction:

 (d) Set forth below opposite the name of each Grantor are all the locations where such Grantor maintains any
Equipment or other Collateral not identified above: 
  

							
	Grantor	 	Mailing Address	 	County	 	State

 (e) Set forth below opposite the name of each Grantor are the names and addresses of all Persons other than such
Grantor that have possession of any of the Collateral of such Grantor: 
  

							
	Grantor	 	Mailing Address	 	County	 	State

 3. Unusual Transactions. All Accounts have been originated by the Grantors and all Inventory has been
acquired by the Grantors in the ordinary course of business. 
 4. File Search Reports. File search reports have been obtained from each Uniform
Commercial Code filing office where filings described in Section 5 hereof are to be made, and such search reports reflect no liens against any of the Collateral other than those permitted under the Indenture. 
 5. UCC Filings. Financing statements in substantially the form of Schedule 5 hereto have been prepared for filing in the proper Uniform Commercial Code
filing office in the jurisdiction in which each Grantor is located and, to the extent any of the Collateral is comprised of fixtures, timber to be cut or as extracted collateral from the wellhead or minehead, in the proper local jurisdiction, in
each case as set forth with respect to such Grantor in Section 2(d) hereof. 
  

 2 

 6. Schedule of Filings. Attached hereto as Schedule 6 is a schedule setting forth, with respect to the
filings described in Section 5 above, each filing and the filing office in which such filing is to be made. 
 7. Stock Ownership and other
Equity Interests. Attached hereto as Schedule 7 is a true and correct list of all the issued and outstanding stock, partnership interests, limited liability company membership interests or other equity interest of Seagate Technology HDD Holdings
and each Subsidiary of the Company, in each case that is owned by a Grantor. Also set forth on Schedule 7 is each equity investment of each Grantor that represents 50% or more of the equity of the entity in which such investment was made.

 8. Debt Instruments. Attached hereto as Schedule 8 is a true and correct list of all promissory notes and other evidence of indebtedness
held by each Grantor that are required to be pledged under the Indenture Documents. 
 9. Advances. Attached hereto as Schedule 9 is (a) a
true and correct list of all advances made by any Grantor to the Issuer, the Company or any of its Subsidiaries (other than those identified on Schedule 8), which advances will be on and after the date hereof evidenced by one or more intercompany
notes pledged to the Collateral Agent under the Indenture Documents and (b) a true and correct list of all unpaid intercompany transfers of goods sold by any Grantor. 
 10. Mortgage Filings. Attached hereto as Schedule 10 is a schedule setting forth, with respect to each Mortgaged Property, (a) the exact name of the Person that owns such property as such name
appears in its certificate of incorporation or other organizational document, (b) if different from the name identified pursuant to clause (a), the exact name of the current record owner of such property reflected in the records of the filing
office for such property identified pursuant to the following clause and (c) the filing office in which a Mortgage with respect to such property must be filed or recorded in order for the Collateral Agent to obtain a perfected security interest
therein. 
 11. Intellectual Property. Attached hereto as Schedule 11(A) in proper form for filing with the United States Patent and
Trademark Office is a schedule setting forth all of each Grantor’s Patents and Patent Applications, including the name of the registered owner, type, registration or application number and the expiration date (if already registered) of each
Patent and Patent Application owned by any Grantor. 
 Attached hereto as Schedule 11(B) in proper form for filing with the United States Patent and
Trademark Office is a schedule setting forth all of each Grantor’s Trademarks and Trademark Applications, including the name of the registered owner, the registration or application number and the expiration date (if already registered) of
each Trademark and Trademark Application owned by any Grantor. 
 Attached hereto as Schedule 11(C) in proper form for filing with the United States
Copyright Office is a schedule setting forth all of each Grantor’s Copyrights (including the name of the registered owner, title and the registration number) and Copyright Applications (including the name of the registered owner and title) of
each Copyright or Copyright Application owned by any Grantor. 
  

 3 

 12. Deposit Accounts. Attached hereto as Schedule 12 is a true and correct list of deposit accounts
maintained by each Grantor, including the name and address of the depositary institution, the type of account and the account number. 
 13. Securities
Accounts. Attached hereto as Schedule 13 is a true and correct list of securities accounts maintained by each Grantor, including the name and address of the intermediary institution, the type of account and the account number. 

Notwithstanding anything to the contrary contained in this Perfection Schedule, each Grantor which is domiciled outside of the Collateral Jurisdictions shall only
provide information for Sections 1(a), 2(a), 2(b), 2(d), 2(e), 4, 5, 7, 10, 11, 12 and 13, and such information shall only pertain to Collateral held within the Collateral Jurisdictions. 
  

 4 

 Annex 2 to the 
 Second Lien U.S. Security Agreement 
 SUPPLEMENT NO. [    ] dated as of
[        ] (this “Supplement”), to the Second Lien U.S. Security Agreement dated as of May 1, 2009 (as amended, supplemented or otherwise modified from time to time the “Second
Lien U.S. Security Agreement”), among SEAGATE TECHNOLOGY INTERNATIONAL, an exempted limited liability company organized under the laws of the Cayman Islands (the “Issuer”), SEAGATE TECHNOLOGY, an exempted limited liability
company organized under the laws of the Cayman Islands (the “Company”), the other Guarantors listed on Schedule I thereto (each such Guarantor together with the Issuer and the Company, the “Grantors” and each a
“Grantor”) and WELLS FARGO BANK, NATIONAL ASSOCIATION, as collateral agent (in such capacity, the “Collateral Agent”) for the Secured Parties (as defined in the Second Lien U.S. Security Agreement). 
 A. Reference is made to (a) the Indenture, dated as of May 1, 2009 (as amended, supplemented or otherwise modified from time to time, the
“Indenture”), among the Issuer, the Company, the other Guarantors from time to time party thereto (collectively, “the Guarantors” and, together with the Issuer, the “Notes Parties”) and Wells Fargo
Bank, National Association, as trustee (in such capacity, the “Trustee”), pursuant to which the Issuer issued 10.00% Senior Secured Second-Priority Notes due 2014 (collectively, the “Notes”), and (b) the
Intercreditor Agreement dated as of May 1, 2009 (as amended, supplemented, replaced or otherwise modified from time to time, the “Intercreditor Agreement”), among the Issuer, the Company, the other Guarantors named therein, the
Collateral Agent and JPMorgan Chase Bank, N.A., as administrative agent under the Senior Credit Facility (as defined in the Indenture). 
 B.
Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Second Lien U.S. Security Agreement and, if not defined therein, in the Indenture. 
 C. The Grantors have entered into the Second Lien U.S. Security Agreement in order to induce the Initial Purchasers to purchase Notes. Pursuant to
Article 11 of the Indenture and the Collateral Requirement, (a) each Subsidiary that is a U.S. Notes Party that is formed or acquired after the Issue Date and (b) each other Guarantor that is formed or acquired after the Issue Date that
owns property in the United States of America (including any State thereof and the District of Columbia) that would constitute Collateral if such Notes Party were a party hereto, in each case is required to enter into the Second Lien U.S. Security
Agreement as a Grantor upon becoming a Guarantor. Section 7.15 of the Second Lien U.S. Security Agreement provides that such Guarantors may become Grantors under the Second Lien U.S. Security Agreement by execution and delivery of an instrument
in the form of this Supplement. 
 Accordingly, the Collateral Agent and the undersigned Notes Party (the “New Grantor”)
agree as follows: 
 SECTION 1. In accordance with Section 7.15 of the Second Lien U.S. Security Agreement, the New Grantor by its
signature below becomes a Grantor under the Second 

 
Lien U.S. Security Agreement with the same force and effect as if originally named therein as a Grantor and the New Grantor hereby (a) agrees to all the
terms and provisions of the Second Lien U.S. Security Agreement applicable to it as a Grantor thereunder and (b) represents and warrants that the representations and warranties made by it as a Grantor thereunder are true and correct on and as
of the date hereof except to the extent a representation and warranty expressly relates solely to a specific date, in which case such representation and warranty shall be true and correct on such date. In furtherance of the foregoing, the New
Grantor, as security for the payment and performance in full of the Secured Obligations (as defined in the Second Lien U.S. Security Agreement), does hereby create and grant to the Collateral Agent, its successors and assigns, for the benefit of the
Secured Parties, their successors and assigns, a security interest in and lien on all of the New Grantor’s right, title and interest in and to the Collateral of the New Grantor. Each reference to a “Grantor” in the Second Lien
U.S. Security Agreement shall be deemed to include the New Grantor. The Second Lien U.S. Security Agreement is hereby incorporated herein by reference. 
 SECTION 2. The New Grantor represents and warrants to the Collateral Agent and the other Secured Parties that this Supplement has been duly authorized, executed and delivered by it and constitutes its legal,
valid and binding obligation, enforceable against it in accordance with its terms. 
 SECTION 3. This Supplement may be executed in
counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Supplement shall become effective when the Collateral
Agent shall have received counterparts of this Supplement that, when taken together, bear the signatures of the New Grantor and the Collateral Agent. Delivery of an executed signature page to this Supplement by facsimile or Adobe .pdf transmission
shall be as effective as delivery of a manually signed counterpart of this Supplement. 
 SECTION 4. The New Grantor hereby represents
and warrants that (a) set forth on Schedule I attached hereto is a true and correct schedule of the location of any and all Collateral of the New Grantor and (b) set forth under its signature hereto, is the true and correct location
of the chief executive office of the New Grantor. 
 SECTION 5. Except as expressly supplemented hereby, the Second Lien U.S. Security
Agreement shall remain in full force and effect. 
 SECTION 6. THIS SUPPLEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE
LAW OF THE STATE OF NEW YORK. 
 SECTION 7. In case any one or more of the provisions contained in this Supplement should be held
invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and in the Second Lien U.S. Security Agreement shall not in any way be affected or impaired thereby (it being
understood that the invalidity of a particular provision in a particular 

  

 2 

 
jurisdiction shall not in and of itself affect the validity of such provision in any other jurisdiction). The parties hereto shall endeavor in good-faith
negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 
 SECTION 8. All communications and notices hereunder shall be in writing and given as provided in Section 7.01 of the Second Lien U.S. Security
Agreement. All communications and notices hereunder to the New Grantor shall be given to it at the address set forth under its signature below, with a copy to the Issuer. 
 SECTION 9. The New Grantor agrees to reimburse the Collateral Agent for its reasonable out-of-pocket expenses in connection with this Supplement, including the reasonable fees, other charges and disbursements of
counsel for the Collateral Agent. 
 [Signature Pages Follow] 
  

 3 

 IN WITNESS WHEREOF, the New Grantor and the Collateral Agent have duly executed this Supplement to the
Second Lien U.S. Security Agreement as of the day and year first above written. 
  

			
	[Executed as a deed by:]*
	
	[NAME OF NEW GRANTOR]
		
	By:	 	  

	Name:	 	
	Title:	 	
		
	[Witness:	 	  

	Name:	 	
	Title:]*	 	

  

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Collateral Agent,
		
	by	 	  

	Name:	 	
	Title:	 	

  
  

	*	Include bracketed language only if the New Grantor is an entity organized under the laws of the Cayman Islands or any other jurisdiction where execution as a deed is necessary or
advisable. 

  

 4 

 Schedule I to Supplement No. [    ] 
 to the Second Lien U.S. Security Agreement 
 LOCATION OF COLLATERAL 
  

			
	 Description
	  	Location

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