Document:

EX-4.10

 Exhibit 4.10 
 EXECUTION VERSION 
 HD Supply, Inc. 

$675,000,000 11% Senior Secured Second Priority Notes due 2020 
 Exchange and Registration Rights Agreement 
 April 12, 2012

 GOLDMAN, SACHS & CO. 

MERRILL LYNCH, PIERCE, FENNER & SMITH 
   INCORPORATED 
 BARCLAYS CAPITAL INC. 

J.P. MORGAN SECURITIES LLC 
 CREDIT SUISSE
SECURITIES (USA) LLC 
 DEUTSCHE BANK SECURITIES INC. 
 WELLS FARGO SECURITIES, LLC 
 UBS SECURITIES LLC 

ROBERT W. BAIRD & CO. INCORPORATED 

BB&T CAPITAL MARKETS, A DIVISION OF SCOTT & STRINGFELLOW, LLC 
 RAYMOND JAMES & ASSOCIATES, INC. 
 SUNTRUST ROBINSON HUMPHREY, INC. 

c/o Goldman, Sachs & Co. 

as Representative of the Initial Purchasers 
 200 West Street 
 New York, New York 10282 

Ladies and Gentlemen: 
 HD
Supply, Inc., a Delaware corporation (the “Company”), proposes to issue and sell upon the terms set forth in the Purchase Agreement (as defined herein) to the purchasers named in Schedule I(b) to the Purchase Agreement (the
“Initial Purchasers”), for whom Goldman, Sachs & co. is acting as representative, an aggregate of $675,000,000 11% Senior Secured Second Priority Notes due 2020 of the Company (the “Notes”), which are
unconditionally guaranteed by the guarantors party hereto (each, a “Guarantor” and, collectively, the “Guarantors”). The Company, the Guarantors, Wilmington Trust, National Association, as Trustee (the “Trustee”) and as
second priority notes collateral agent (the “Note Collateral Agent”), will enter into a second priority notes indenture, to be dated as of the date hereof (the “Indenture”). As an inducement to the Initial Purchasers to enter
into the Purchase Agreement and in satisfaction of a condition to the obligations of the Initial Purchasers thereunder, the Company agrees with the Initial Purchasers for the benefit of holders (as defined herein) from time to time of the
Registrable Securities (as defined herein) as follows: 
 1. Certain Definitions. For purposes of this Exchange and
Registration Rights Agreement (this “Registration Rights Agreement”), the following terms shall have the following respective meanings: 
 “Base Interest” shall mean the interest that would otherwise accrue on the Securities under the terms thereof and the Indenture, without giving effect to the provisions of this
Registration Rights Agreement. 

 “broker-dealer” shall mean any broker or dealer registered
with the Commission under the Exchange Act. 
 “Closing Date” shall mean the date on which the
Securities are initially issued. 
 “Commission” shall mean the United States Securities and
Exchange Commission, or any other federal agency at the time administering the Exchange Act or the Securities Act, whichever is the relevant statute for the particular purpose. 

“Effective Time,” in the case of (i) an Exchange Registration, shall mean the time and date as of
which the Commission declares the Exchange Registration Statement effective or as of which the Exchange Registration Statement otherwise becomes effective and (ii) a Shelf Registration, shall mean the time and date as of which the Commission
declares the Shelf Registration Statement effective or as of which the Shelf Registration Statement otherwise becomes effective. 
 “Electing Holder” shall mean any holder of Registrable Securities that has returned a completed and signed Notice and Questionnaire to the Company in accordance with Section 3(d)(ii)
or Section 3(d)(iii) hereof and the instructions set forth in the Notice and Questionnaire. 

“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended, and the rules and regulations
promulgated by the Commission thereunder, as the same may be amended or succeeded from time to time. 

“Exchange Offer” shall have the meaning assigned thereto in Section 2(a) hereof. 

“Exchange Registration” shall have the meaning assigned thereto in Section 3(c) hereof. 

“Exchange Registration Statement” shall have the meaning assigned thereto in Section 2(a) hereof.

  
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 “Exchange Securities” shall have the meaning assigned
thereto in Section 2(a) hereof. 
 “FINRA” shall have the meaning assigned thereto in
Section 3(d)(xvii) hereof. 
 “Guarantees” shall mean the Guarantees issued by each
Guarantor with respect to the Notes. 
 “holder” shall mean each of the Initial Purchasers and
other persons who acquire Registrable Securities from time to time (including any successors or assigns), in each case for so long as such person owns any Registrable Securities. 

“Indenture” shall mean the Indenture, dated as of the date hereof, among the Company, the Guarantors and
Wilmington Trust, National Association, as Trustee and Note Collateral Agent, governing the Company’s $675,000,000 principal amount of 11% Senior Secured Second Priority Notes due 2020, as the same shall be amended or supplemented from time to
time. 
 “Issuer Free Writing Prospectus” shall mean any issuer free writing prospectus (as such
term is defined in Rule 433(h)(1) under the Securities Act) that has been prepared by the Company. 

“Majority Electing Holders” shall have the meaning assigned thereto in Section 3(d)(vi) hereof.

 “Notice and Questionnaire” means a Notice of Registration Statement and Selling
Securityholder Questionnaire substantially in the form of Exhibit A hereto, with such changes thereto as the Company may reasonably determine. 
 “person” shall mean a corporation, limited liability company, association, partnership, organization, business, individual, government or political subdivision thereof or governmental
agency. 
 “Purchase Agreement” shall mean the Purchase Agreement, dated as of April 5,
2012 by and among the Company, the Guarantors and the Initial Purchasers relating to the Securities. 

“Registrable Securities” shall mean the Securities; provided, however, that a Security shall cease to be
a Registrable Security upon the earliest to occur of the following: (i) the Security has been exchanged for an Exchange Security in an Exchange Offer as contemplated in Section 2(a) hereof (provided that any Exchange Security that,
pursuant to the last sentence of Section 2(a), is included in a prospectus for use in connection with resales by broker-dealers shall be deemed to be a Registrable Security with respect to Sections 5 and 8 until resale of such Registrable
Security has been effected within the 90-day period referred 

  
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to in Section 2(a)); (ii) a Shelf Registration Statement registering such Security under the Securities Act has been declared or becomes effective and such Security has been sold or
otherwise transferred by the holder thereof pursuant to and in a manner contemplated by such effective Shelf Registration Statement; (iii) such Security is sold pursuant to Rule 144 under circumstances in which any legend borne by such Security
relating to restrictions on transferability thereof, under the Securities Act or otherwise, is removed by the Company or pursuant to the Indenture; (iv) the earliest date that is no less than 480 days after the date of the Indenture and on
which such Security would be eligible to be sold by a Person that is not an “affiliate” (as defined in Rule 144) of the Company pursuant to Rule 144 without volume restriction; or (v) such Security shall cease to be outstanding.

 “Registration Default” shall have the meaning assigned thereto in Section 2(c) hereof.

 “Registration Default Period” shall have the meaning assigned thereto in
Section 2(c) hereof. 
 “Registration Expenses” shall have the meaning assigned
thereto in Section 4 hereof. 
 “Resale Period” shall have the meaning assigned thereto in
Section 2(a) hereof. 
 “Restricted Holder” shall mean (i) a holder that is an
affiliate of the Company within the meaning of Rule 405, (ii) a holder that acquires Exchange Securities outside the ordinary course of such holder’s business, (iii) a holder that has arrangements or understandings with any person to
participate in the Exchange Offer for the purpose of distributing Exchange Securities and (iv) a holder that is a broker-dealer, but only with respect to Exchange Securities received by such broker-dealer pursuant to an Exchange Offer in
exchange for Registrable Securities acquired by the broker-dealer directly from the Company. 
 “Rule
144,” “Rule 405” and “Rule 415” shall mean, in each case, such rule promulgated under the Securities Act (or any successor provision), as the same shall be amended from time to time. 

“Securities” shall mean the Notes to be issued and sold to the Initial Purchasers, and securities issued
in exchange therefor or in lieu thereof pursuant to the Indenture. Each Security is entitled to the benefit of the Guarantees and, unless the context otherwise requires, any reference herein to a “Security,” an “Exchange
Security” or a “Registrable Security” shall include a reference to the related Guarantees. 

  
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 “Securities Act” shall mean the Securities Act of 1933, as
amended, and the rules and regulations promulgated by the Commission thereunder, as the same may be amended or succeeded from time to time. 
 “Shelf Registration” shall have the meaning assigned thereto in Section 2(b) hereof. 
 “Shelf Registration Statement” shall have the meaning assigned thereto in Section 2(b) hereof. 

“Special Interest” shall have the meaning assigned thereto in Section 2(c) hereof. 

“Trust Indenture Act” shall mean the Trust Indenture Act of 1939, as amended, and the rules and
regulations promulgated by the Commission thereunder, as the same may be amended or succeeded from time to time. 
 Unless the
context otherwise requires, any reference herein to a “Section” or “clause” refers to a Section or clause, as the case may be, of this Registration Rights Agreement, and the words “herein,” “hereof” and
“hereunder” and other words of similar import refer to this Registration Rights Agreement as a whole and not to any particular Section or other subdivision. 
 2. Registration Under the Securities Act. 
 (a) Except as set forth in
Section 2(b) below, the Company and the Guarantors agree to use their respective commercially reasonable efforts to file under the Securities Act a registration statement relating to an offer to exchange (such registration statement, the
“Exchange Registration Statement”, and such offer, the “Exchange Offer”) any and all of the Securities for a like aggregate principal amount of debt securities issued by the Company and guaranteed by the Guarantors,
which debt securities and Guarantees are substantially identical to the Securities and the related Guarantees, respectively (and are entitled to the benefits of a trust indenture which is substantially identical to the Indenture or is the Indenture
and which has been qualified under the Trust Indenture Act), except that they have been registered pursuant to an effective registration statement under the Securities Act and do not contain restrictions on transfer or provisions for the additional
interest contemplated in Section 2(c) below or the liquidated damages provided in Section 2(d) below (such new debt securities hereinafter called “Exchange Securities”). The Company and the Guarantors agree to use their
respective commercially reasonable efforts to cause the Exchange Registration Statement to become effective under the Securities Act within 270 days after the Closing Date. The Exchange Offer will be registered under the Securities Act on the
appropriate form and will comply with all applicable tender offer rules and regulations under the Exchange Act. The Company further agrees to use its commercially reasonable efforts to commence the Exchange Offer promptly after the Exchange
Registration Statement becomes effective, hold the Exchange Offer open for the period required by applicable law (including 

  
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pursuant to any applicable interpretation by the staff of the Commission), but in any event for at least 10 business days, and exchange the Exchange Securities for all Registrable Securities that
have been validly tendered and not withdrawn on or prior to the expiration of the Exchange Offer. If the Company commences the Exchange Offer, the Company will be entitled to close the Exchange Offer 30 business days after the commencement thereof
(or at the end of such shorter period permitted by applicable law), provided that the Company has accepted all the Registrable Securities validly tendered in accordance with the terms of the Exchange Offer. The Company and the Guarantors agree
(x) to include in the Exchange Registration Statement a prospectus for use in any resales by any holder of Exchange Securities that is a broker-dealer and (y) to keep such Exchange Registration Statement effective for a period (the
“Resale Period”) beginning when Exchange Securities are first issued in the Exchange Offer and ending upon the earlier of the expiration of the 90th day after the Exchange Offer has been completed or such time as such broker-dealers
no longer own any Registrable Securities. 
 Each holder participating in the Exchange Offer shall be required to represent to
the Company that (i) any Exchange Securities received by such holder will be acquired in the ordinary course of business, (ii) at the time of the commencement of the Exchange Offer such holder has no arrangements or understanding with any
person to participate in the distribution of the Securities or the Exchange Securities within the meaning of the Securities Act, (iii) such holder is not an “affiliate,” as defined in Rule 405 of the Securities Act, of the Company, or
if it is such an “affiliate,” it will comply with the registration and prospectus delivery requirements of the Securities Act to the extent applicable, (iv) if such holder is not a broker-dealer, that it is not engaged in, and does
not intend to engage in, the distribution of the Exchange Securities, (v) if such holder is a broker-dealer, that it will receive Exchange Securities for its own account in exchange for Securities that were acquired as a result of market-making
activities or other trading activities (other than Securities acquired directly from the Company or any of its affiliates) and that it will deliver a prospectus in connection with any resale of such Exchange Securities and (vi) such holder is
not acting on behalf of any person who could not truthfully make the foregoing representations. 
 (b) If (i) on or prior
to the time the Exchange Offer is consummated existing Commission interpretations are changed such that the Exchange Securities or the related Guarantees received by holders other than Restricted Holders in the Exchange Offer for Registrable
Securities are not or would not be, upon receipt, transferable by each such holder without restriction under the Securities Act, (ii) the Exchange Offer has not been completed within 360 days following the Closing Date, (iii) any Initial
Purchaser so requests with respect to Registrable Securities not eligible to be exchanged for Exchange Securities in the Exchange Offer and held by it following consummation of the Exchange Offer or (iv) any holder (other than an Initial
Purchaser) shall be, and shall notify the Company that such holder is, prohibited by law or Commission policy from participating in the Exchange Offer or such holder may not resell the Exchange Securities acquired in the Exchange Offer to the public
without delivering a prospectus and the prospectus contained in the Exchange Registration Statement is not available for such 

  
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resales by such holder (other than in either case (x) due solely to the status of such holder as an affiliate of the Company within the meaning of the Securities Act or (y) due to such
holder’s inability to make the representations set forth in the second paragraph of Section 2(a) hereof) and any such holder so requests, the Company and the Guarantors shall, in lieu of (or, in the case of clauses (iii) and
(iv), in addition to) conducting the Exchange Offer contemplated by Section 2(a), use their respective commercially reasonable efforts to file under the Securities Act as promptly as reasonably practicable, a “shelf” registration
statement providing for the registration of, and the sale on a continuous or delayed basis by the holders of, all of the Registrable Securities (or in the case of clause (iii), the Registrable Securities held by the Initial Purchasers), pursuant to
Rule 415 or any similar rule that may be adopted by the Commission (such filing, the “Shelf Registration” and such registration statement, the “Shelf Registration Statement”). The Company and the Guarantors agree to
use their respective commercially reasonable efforts (x) to cause the Shelf Registration Statement to become effective within 90 days after the date on which the obligation to file such Shelf Registration Statement arises and to use their
respective commercially reasonable efforts to cause such Shelf Registration Statement to remain effective for a period ending on the earlier of the first anniversary of the Effective Time or such shorter period that will terminate when all the
Registrable Securities covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement or are distributed to the public pursuant to Rule 144 or would be eligible to be sold by a person that is not an
“affiliate” (as defined in Rule 144) of the Company pursuant to Rule 144 without volume restriction; provided, however, that no holder shall be entitled to be named as a selling securityholder in the Shelf Registration
Statement or to use the prospectus forming a part thereof for resales of Registrable Securities unless such holder is an Electing Holder, and (y) after the Effective Time of the Shelf Registration Statement, promptly upon the request of any
holder of Registrable Securities that is not then an Electing Holder to take any action reasonably necessary to identify such holder as a selling securityholder in the Shelf Registration Statement and include any disclosure necessary or advisable in
order to comply with the Securities Act or rules and regulations thereunder; provided, however, that (i) nothing in this clause (y) shall relieve any such holder of the obligation to return a completed and signed Notice and
Questionnaire to the Company in accordance with Section 3(d)(iii) hereof and (ii) the Company shall not be required to take any such action with respect to any such holders more than once every quarter. The Company further agrees to
supplement or make amendments to the Shelf Registration Statement, as and when required by the rules, regulations or instructions applicable to the registration form used by the Company for such Shelf Registration Statement or by the Securities Act
or rules and regulations thereunder for shelf registration, and the Company agrees to furnish to each Electing Holder copies of any such supplement or amendment promptly following its filing with the Commission. 

Notwithstanding the foregoing, the Company may suspend the availability of any Shelf Registration Statement (x) for up to an
aggregate of 60 days in any consecutive twelve-month period if (i) such action is required by applicable law or (ii) such action is taken by the Company in good faith and for valid business reasons (not

  
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including avoidance of the Company’s obligations hereunder) as determined by the board of directors of the Company or an authorized committee thereof, including the acquisition or
divestiture of assets, or (y) with respect to a Shelf Registration Statement required to be filed due to a failure to consummate the Exchange Offer within the required time period, if such action occurs following the consummation of the
Exchange Offer; provided that the Company shall promptly notify the Electing Holders when the Shelf Registration Statement may once again be used or is effective. 
 (c) The Company and the Initial Purchasers agree that the holders of Registrable Securities will suffer damages if the Company and the Guarantors fail to fulfill their obligations under this
Section 2 and that it would not be feasible to ascertain the extent of such damages with precision. In the event that (i) Exchange Offer has not been consummated within 360 days after the Closing Date, or (ii) if a Shelf
Registration Statement required to be filed under Section 2(b) hereof is not declared effective on or before 90 days after the date on which the obligation to file the Shelf Registration Statement arises, or (iii) if any Shelf
Registration Statement required by Section 2(b) hereof is filed and declared effective, and during the period the Company and the Guarantors are required to use their respective commercially reasonable efforts to cause the Shelf
Registration Statement to remain effective, (x) the Company shall have suspended the Shelf Registration Statement pursuant to Section 2(b) hereof for more than 60 days in the aggregate in any consecutive twelve-month period and be
continuing to suspend the availability of the Shelf Registration Statement or (y) the Shelf Registration Statement shall cease to be effective (other than by action of the Company pursuant to the second paragraph of Section 2(b)
hereof) without being replaced within 90 days by a shelf registration statement that is filed and declared effective (each such event referred to in clauses (i) through (iii), a “Registration Default” and each period during
which a Registration Default has occurred and is continuing, a “Registration Default Period”), then, as liquidated damages for such Registration Default, special interest (“Special Interest”), in addition to the
Base Interest, shall accrue on Registrable Securities for the Registration Default Period (but only with respect to one Registration Default at any particular time) until such time as all Registration Defaults have been cured at a per annum rate of
0.25% for the first 90 days of the Registration Default Period, which rate shall increase by an additional 0.25% during each subsequent 90-day period, up to a maximum of 0.50% regardless of the number of Registration Defaults that shall have
occurred and be continuing. Following the cure of all Registration Defaults, the accrual of Special Interest will cease. A Registration Default under clause (ii) or (iii) will be deemed cured upon consummation of the Exchange
Offer in the case of a Shelf Registration Statement required to be filed due to a failure to consummate the Exchange Offer within the required time period. 
 (d) If during the 90 day period referenced in the final sentence of the first paragraph of Section 2(a) hereof the Exchange Registration Statement is suspended by the Company or ceases to be
effective such that any broker-dealer that (i) receives Exchange Securities in the Exchange Offer and (ii) is subject to prospectus delivery requirements cannot fulfill such requirements, the Company shall pay liquidated damages to such
broker-dealers in an amount calculated in a manner consistent with that specified above with respect to Registration Defaults. 

  
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 (e) The Company and the Guarantors shall take all actions reasonably necessary or advisable
to be taken by it to ensure that the transactions contemplated herein are effected as so contemplated, including all actions necessary or desirable to register the Guarantees under the registration statement contemplated in Section 2(a) or 2(b)
hereof, as applicable. 
 (f) Any reference herein to a registration statement or prospectus as of any time shall be deemed to
include any document incorporated, or deemed to be incorporated, therein by reference as of such time and any reference herein to any post-effective amendment to a registration statement or to any prospectus supplement as of any time shall be deemed
to include any document incorporated, or deemed to be incorporated, therein by reference as of such time. 
 3. Registration
Procedures. 
 If the Company and the Guarantors file a registration statement pursuant to Section 2(a) or
Section 2(b), the following provisions shall apply: 
 (a) At or before the Effective Time of the Exchange Registration or
the Shelf Registration, whichever may occur first, the Company shall qualify the Indenture under the Trust Indenture Act. 
 (b)
In the event that such qualification would require the appointment of a new trustee under the Indenture, the Company shall appoint a new trustee thereunder pursuant to the applicable provisions of the Indenture. 

(c) In connection with the Company’s and each Guarantor’s obligations with respect to the registration of Exchange Securities
as contemplated by Section 2(a) (the “Exchange Registration”), if applicable, the Company and the Guarantors shall: 
 (i) use their respective commercially reasonable efforts to prepare and file with the Commission an Exchange Registration Statement on any form which may be utilized by the Company and the Guarantors and
which shall permit the Exchange Offer and resales of Exchange Securities by broker-dealers during the Resale Period to be effected as contemplated by Section 2(a), and use their respective commercially reasonable efforts to cause such Exchange
Registration Statement to become effective within 270 days after the Closing Date; 
 (ii) prepare and file with
the Commission such amendments and supplements to such Exchange Registration Statement and the prospectus included therein as may be necessary to effect and maintain the effectiveness of such Exchange Registration Statement for the periods and
purposes contemplated 

  
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in Section 2(a) hereof and as may be required by the applicable rules and regulations of the Commission and the instructions applicable to the form of such Exchange Registration Statement,
and promptly provide each broker-dealer holding Exchange Securities with such number of copies of the prospectus included therein (as then amended or supplemented), in conformity in all material respects with the requirements of the Securities Act
and the rules and regulations of the Commission thereunder and the Trust Indenture Act, as such broker-dealer reasonably may request prior to the expiration of the Resale Period, for use in connection with resales of Exchange Securities; 

(iii) promptly notify each broker-dealer that has requested or received copies of the prospectus included in such
registration statement, and confirm such advice in writing, (A) when such Exchange Registration Statement or the prospectus included therein or any prospectus amendment or supplement or post-effective amendment has been filed, and, with respect
to such Exchange Registration Statement or any post-effective amendment, when the same has become effective, (B) of any comments by the Commission or by the blue sky or securities commissioner or regulator of any state with respect to such
Exchange Registration Statement or prospectus or any request by the Commission for amendments or supplements to such Exchange Registration Statement or prospectus or for additional information, (C) of the issuance by the Commission of any stop
order suspending the effectiveness of such Exchange Registration Statement or the initiation of any proceedings for that purpose, (D) of the receipt by the Company of any notification with respect to the suspension of the qualification of the
Exchange Securities for sale in any jurisdiction or the initiation of any proceeding for such purpose or (E) at any time during the Resale Period when a prospectus is required to be delivered under the Securities Act, that such Exchange
Registration Statement, prospectus, prospectus amendment or supplement or post-effective amendment does not conform in all material respects to the applicable requirements of the Securities Act and the rules and regulations of the Commission
thereunder and the Trust Indenture Act or contains an untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances
then existing; 
 (iv) in the event that the Company and the Guarantors would be required, pursuant to
Section 3(c)(iii)(E) above, to notify any broker-dealers holding Exchange Securities, use their respective commercially reasonable efforts to prepare and furnish as soon as practicable to each such broker-dealer a reasonable number of copies of
a prospectus supplemented or amended so that, as thereafter delivered to purchasers of such Exchange Securities during the Resale Period, such prospectus shall conform in all material respects to the applicable requirements of the Securities Act and
the rules and regulations of the Commission thereunder and shall not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the
light of the circumstances then existing; 

  
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 (v) use their respective commercially reasonable efforts to obtain the
withdrawal of any order suspending the effectiveness of such Exchange Registration Statement or any post-effective amendment thereto at the earliest practicable date; 

(vi) use their respective commercially reasonable efforts to (A) register or qualify the Exchange Securities under
the state securities laws or blue sky laws of such U.S. jurisdictions as any participating holder of the Registrable Securities reasonably requests in writing no later than the commencement of the Exchange Offer, (B) keep such registrations or
qualifications in effect and comply with such laws so as to permit the continuance of offers, sales and dealings therein in such jurisdictions until the expiration of the Resale Period and (C) take any and all other actions as may be reasonably
necessary to enable each broker-dealer holding Exchange Securities to consummate the disposition thereof in such jurisdictions; provided, however, that neither the Company nor any Guarantor shall be required for any such purpose to (1) qualify
as a foreign corporation in any jurisdiction wherein it would not otherwise be required to qualify but for the requirements of this Section 3(c)(vi), (2) consent to general service of process in any such jurisdiction or (3) make any
changes to its certificate of incorporation, bylaws or other organizational document, as applicable, or any agreement between it and any of its equityholders; 
 (vii) provide a CUSIP number for all Exchange Securities, not later than the applicable Effective Time; and 
 (viii) comply in all material respects with all applicable rules and regulations of the Commission, and make generally available to its securityholders as soon as practicable but no later than eighteen
months after the effective date of such Exchange Registration Statement, an earning statement of the Company and its subsidiaries complying with Section 11(a) of the Securities Act (including, at the option of the Company, Rule 158 thereunder).

 (d) In connection with the Company’s and each Guarantor’s obligations with respect to the Shelf Registration, if
applicable, the Company and each Guarantor shall: 
 (i) use its commercially reasonable efforts to prepare and
file with the Commission, within the time period specified in Section 2(b), a Shelf Registration Statement on any form which may be utilized by the Company and which shall register all of the Registrable Securities (or in the case of a
Shelf Registration Statement filed pursuant to Section 2(b)(iii), the Registrable Securities held by the Initial Purchasers) for resale by the holders thereof in accordance with such method or methods of disposition as may be specified
in the applicable Notice 

  
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and Questionnaire by such of the holders as, from time to time, may be Electing Holders and use their respective commercially reasonable efforts to cause such Shelf Registration Statement to
become effective within the time periods specified in 
 Section 2(b); 

(ii) not less than 15 calendar days prior to the Effective Time of the Shelf Registration Statement, mail the Notice and
Questionnaire to the holders of Registrable Securities; no holder shall be entitled to be named as a selling securityholder in the Shelf Registration Statement as of the Effective Time, and no holder shall be entitled to use the prospectus forming a
part thereof for resales of Registrable Securities at any time, unless such holder has returned a completed and signed Notice and Questionnaire to the Company by the deadline for response set forth therein; provided, however, holders of Registrable
Securities shall have at least 13 calendar days from the date on which the Notice and Questionnaire is first mailed to such holders to return a completed and signed Notice and Questionnaire to the Company; 

(iii) after the Effective Time of the Shelf Registration Statement, upon the request of any holder of Registrable
Securities that is not then an Electing Holder, promptly send a Notice and Questionnaire to such holder; provided that the Company shall not be required to take any action to name such holder as a selling securityholder in the Shelf Registration
Statement or to enable such holder to use the prospectus forming a part thereof for resales of Registrable Securities until such holder has returned a completed and signed Notice and Questionnaire to the Company; 

(iv) as soon as practicable prepare and file with the Commission such amendments and supplements to such Shelf
Registration Statement and the prospectus included therein as may be necessary to effect and maintain the effectiveness of such Shelf Registration Statement for the period specified in Section 2(b) hereof and as may be required by the
applicable rules and regulations of the Commission and the instructions applicable to the form of such Shelf Registration Statement, and furnish to the Electing Holders copies of any such supplement or amendment as soon as practicable following its
filing with the Commission. Notwithstanding the foregoing, the Company may suspend the availability of any Shelf Registration Statement as provided in the second paragraph of Section 2(b); 

(v) comply in all material respects with the provisions of the Securities Act with respect to the disposition of all of
the Registrable Securities covered by such Shelf Registration Statement in accordance with the intended methods of disposition by the Electing Holders provided for in such Shelf Registration Statement; 

  
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 (vi) for a reasonable period prior to the filing of such Shelf Registration
Statement, and throughout the period specified in Section 2(b), make reasonably available at reasonable times at the Company’s principal place of business or such other reasonable place for inspection by a representative of, and not more
than one counsel acting for, Electing Holders holding at least a majority in aggregate principal amount of the Registrable Securities at the time outstanding (the “Majority Electing Holders”) and any underwriter participating in the
distribution of the Registrable Securities being sold (including any person who may be deemed an underwriter within the meaning of Section 2(a)(ii) of the Securities Act) such relevant financial and other pertinent information and books and
records of the Company, and use its commercially reasonable efforts to cause the officers, employees, counsel and independent certified public accountants of the Company to respond to such inquiries, as shall be reasonably necessary to conduct a
reasonable investigation within the meaning of Section 11 of the Securities Act; provided, however, that the foregoing investigation and information gathering shall be coordinated on behalf of all such parties by one counsel designated by and
on behalf of all such parties and provided, further, that each such party shall be required (pursuant to an agreement in form and substance reasonably satisfactory to the Company) to maintain in confidence and not to disclose to any other person any
information or records reasonably designated by the Company as being confidential, until such time as (A) such information becomes a matter of public record (whether by virtue of its inclusion in such registration statement or otherwise except
as a result of a breach of this or any other obligation of confidentiality to the Company known to such party), or (B) such person shall be required so to disclose such information pursuant to a subpoena or order of any court or other
governmental agency or body having jurisdiction over the matter (subject to the requirements of such order, and only after such person shall have given the Company prompt prior written notice of such requirement so that the Company, at its expense,
may undertake appropriate action to prevent disclosure of such information or records), or (C) in order to establish a due diligence defense, such person shall so disclose such information or (D) such information is required to be set
forth in such Shelf Registration Statement or the prospectus included therein or in an amendment to such Shelf Registration Statement or an amendment or supplement to such prospectus, in order that such Shelf Registration Statement, prospectus,
amendment or supplement, as the case may be, complies with applicable requirements of the federal securities laws and the rules and regulations of the Commission and does not contain an untrue statement of a material fact or omit to state therein a
material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances then existing; 
 (vii) promptly notify each of the Electing Holders and any managing underwriter thereof and confirm such advice in writing, (A) when such Shelf Registration Statement or the prospectus included
therein or any prospectus amendment or supplement or post-effective amendment or related Issuer Free 

  
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Writing Prospectus, has been filed, and, with respect to such Shelf Registration Statement or any post-effective amendment, when the same has become effective, (B) of any comments by the
Commission or by the blue sky or securities commissioner or regulator of any state with respect to such Shelf Registration Statement or prospectus or any request by the Commission for amendments or supplements to such Shelf Registration Statement or
prospectus or related Issuer Free Writing Prospectus, or for additional information, (C) of the issuance by the Commission of any stop order suspending the effectiveness of such Shelf Registration Statement or the initiation of any proceedings
for that purpose, (D) of the receipt by the Company of any notification with respect to the suspension of the qualification of the Registrable Securities for sale in any jurisdiction or the initiation of any proceeding for such purpose or
(E) if at any time when a prospectus is required to be delivered under the Securities Act, that such Shelf Registration Statement, prospectus, prospectus amendment or supplement or post-effective amendment does not conform in all material
respects to the applicable requirements of the Securities Act and the rules and regulations of the Commission thereunder or contains an untrue statement of a material fact or omits to state any material fact required to be stated therein or
necessary to make the statements therein not misleading in the light of the circumstances then existing; 

(viii) use their respective commercially reasonable efforts to obtain the withdrawal of any order suspending the
effectiveness of such registration statement or any post-effective amendment thereto at the earliest practicable date; 
 (ix) if requested by any managing underwriter or the Majority Electing Holders, promptly incorporate in a prospectus supplement or post-effective amendment such information as is required by the
applicable rules and regulations of the Commission and as such managing underwriter or such Majority Electing Holders shall specify should be included therein relating to the terms of the sale of such Registrable Securities, including information
with respect to the principal amount of Registrable Securities being sold by such Majority Electing Holders or to any underwriters, the names and descriptions of such Majority Electing Holders or underwriters, the offering price of such Registrable
Securities and any discount, commission or other compensation payable in respect thereof, the purchase price being paid therefor by such underwriters and with respect to any other terms of the offering of the Registrable Securities to be sold by
such Majority Electing Holders or to such underwriters; and make all required filings of such prospectus supplement or post-effective amendment as soon as practicable after notification of the matters to be incorporated in such prospectus supplement
or post-effective amendment; 
 (x) furnish to each Electing Holder, and each underwriter, if any, thereof such
number of copies of such Shelf Registration Statement (excluding exhibits thereto and documents incorporated by reference therein) and of the prospectus included in such Shelf Registration Statement (including each preliminary prospectus), and any
related Issuer Free Writing Prospectus, in 

  
 14 

 
conformity in all material respects with the applicable requirements of the Securities Act and the rules and regulations of the Commission thereunder, as such Electing Holder and underwriter, if
any, may reasonably request in order to facilitate the offering and disposition of the Registrable Securities owned by such Electing Holder or underwritten by such underwriter and to permit such Electing Holder and underwriter, if any, to satisfy
the prospectus delivery requirements of the Securities Act; and the Company hereby consents to the use of such prospectus (including such preliminary prospectus) and any amendment or supplement thereto and any related Issuer Free Writing Prospectus,
by each such Electing Holder and by any such underwriter, in each case in the form most recently provided to such person by the Company, in connection with the offering and sale of the Registrable Securities covered by the prospectus (including such
preliminary prospectus) or any supplement or amendment thereto; 
 (xi) use their respective commercially
reasonable efforts to (A) register or qualify the Registrable Securities to be included in such Shelf Registration Statement under such state securities laws or blue sky laws of such U.S. jurisdictions as any Electing Holder and managing
underwriter, if any, thereof shall reasonably request, (B) keep such registrations or qualifications in effect and comply with such laws so as to permit the continuance of offers, sales and dealings therein in such jurisdictions during the
period the Shelf Registration is required to remain effective under Section 2(b) above and for so long as may be necessary to enable any such Electing Holder or underwriter to complete its distribution of Securities pursuant to such Shelf
Registration Statement and (C) take any and all other actions as may be reasonably necessary to enable each such Electing Holder and underwriter, if any, to consummate the disposition in such jurisdictions of such Registrable Securities;
provided, however, that neither the Company nor any Guarantor shall be required for any such purpose to (1) qualify as a foreign corporation in any jurisdiction wherein it would not otherwise be required to qualify but for the
requirements of this Section 3(d)(xi), (2) consent to general service of process in any such jurisdiction or (3) make any changes to its certificate of incorporation, bylaws or other organizational document, or any agreement
between it and any of its equityholders; 
 (xii) unless any Registrable Securities shall be in book-entry only
form, cooperate with the Electing Holders and the managing underwriters, if any, to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be sold, which certificates shall not bear any restrictive
legends; and, in the case of an underwritten offering, enable such Registrable Securities to be in such denominations and registered in such names as the managing underwriter may request a reasonable amount of time prior to any sale of the
Registrable Securities; 
 (xiii) provide a CUSIP number for all Registrable Securities, not later than the
applicable Effective Time; 

  
 15 

 (xiv) enter into one or more underwriting agreements in customary form,
including customary provisions relating to indemnification and contribution, and use their respective commercially reasonable efforts to take such other actions, if any, in connection therewith as any Electing Holders aggregating at least 20% in
aggregate principal amount of the Registrable Securities at the time outstanding shall reasonably request in order to expedite or facilitate the disposition of such Registrable Securities; 

(xv) if requested by the Majority Electing Holders or if the offering contemplated by the Shelf Registration is an
underwritten offering, use their respective commercially reasonable efforts to (A) make such representations and warranties to the Electing Holders and the underwriters, if any, thereof in form, substance and scope as are customarily made in
connection with an offering of debt securities pursuant to any underwriting agreement; (B) obtain an opinion of counsel to the Company in customary form subject to customary limitations, assumptions and exclusions and covering such matters, of
the type customarily covered by such an opinion, as the managing underwriters, if any, or as any Electing Holders of at least 20% in aggregate principal amount of the Registrable Securities at the time outstanding may reasonably request, addressed
to the Electing Holders and the underwriters, if any, thereof and dated the effective date of such Shelf Registration Statement (and if such Shelf Registration Statement contemplates an underwritten offering of a part or all of the Registrable
Securities, dated the date of the closing under the underwriting agreement relating thereto); (C) obtain a “cold comfort” letter or letters from the independent certified public accountants of the Company addressed to the selling
Electing Holders or the underwriters, if any, thereof, dated (i) the effective date of such Shelf Registration Statement and (ii) if such Shelf Registration Statement contemplates an underwritten offering, dated the date of the closing
under the underwriting agreement relating thereto, such letter or letters to be in customary form and covering such matters of the type customarily covered by letters of such type, subject to receipt of appropriate documentation as contemplated, and
only if permitted, by Statement of Auditing Standards No. 72; and (D) deliver such customary documents and certificates, including officers’ certificates, as may be reasonably requested by the Majority Electing Holders and the
managing underwriters, if any, thereof; 
 (xvi) notify in writing each holder of Registrable Securities of any
proposal by the Company to amend or waive any provision of this Registration Rights Agreement pursuant to Section 8(g) hereof and of any amendment or waiver effected pursuant thereto, each of which notices shall contain the text of the
amendment or waiver proposed or effected, as the case may be; 
 (xvii) in the event that any broker-dealer
registered under the Exchange Act shall underwrite any Registrable Securities or participate as a member of an underwriting syndicate (within the meaning of the Conduct Rules (the “Conduct Rules”) of the Financial Industry
Regulatory Authority, Inc. (“FINRA”) or any 

  
 16 

 
successor thereto, as amended from time to time) thereof as an underwriter, use commercially reasonable efforts to provide information to assist such broker-dealer in complying with the
requirements of such Conduct Rules; 
 (xviii) comply in all material respects with all applicable rules and
regulations of the Commission, and make generally available to its securityholders as soon as practicable but in any event not later than eighteen months after the effective date of such Shelf Registration Statement, an earning statement of the
Company and its subsidiaries complying with Section 11(a) of the Securities Act (including, at the option of the Company, Rule 158 thereunder); and 
 (xix) take all reasonable action to ensure that any Issuer Free Writing Prospectus utilized in connection with any registration covered by Section 4(d) is filed in accordance with the
Securities Act to the extent required thereby and, when taken together with the related prospectus, prospectus supplement and related documents, will not contain any untrue statement of a material fact or omit to state a material fact necessary to
make the statement therein, in the light of the circumstances under which they were made, not misleading. 
 (e) In the event
that the Company would be required, pursuant to Section 3(d)(vii)(E) above, to notify the Electing Holders and the managing underwriters, if any, thereof, the Company shall as soon as practicable prepare and furnish to each of the Electing
Holders and to each such underwriter, if any, a reasonable number of copies of a prospectus supplemented or amended so that, as thereafter delivered to purchasers of Registrable Securities, such prospectus shall conform in all material respects to
the applicable requirements of the Securities Act and the rules and regulations of the Commission thereunder and shall not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to
make the statements therein not misleading in the light of the circumstances then existing. Each broker-dealer and Electing Holder agrees that upon receipt of any notice from the Company pursuant to Section 3(c)(iii)(E) or
Section 3(d)(vii)(E) hereof, such broker-dealer or Electing Holder shall forthwith discontinue the disposition of Registrable Securities pursuant to the Exchange Registration Statement or Shelf Registration Statement applicable to such
Registrable Securities until such broker-dealer or Electing Holder shall have received copies of such amended or supplemented prospectus, and if so directed by the Company, such broker-dealer or Electing Holder shall deliver to the Company (at the
Company’s expense) all copies, other than permanent file copies, then in such broker-dealer’s or Electing Holder’s possession of the prospectus covering such Registrable Securities at the time of receipt of such notice. 

(f) In the event of a Shelf Registration, in addition to the information required to be provided by each Electing Holder in its Notice
and Questionnaire, the Company may require such Electing Holder to furnish to the Company such additional information regarding such Electing Holder and such Electing Holder’s intended method of distribution of Registrable Securities as may be
required in order to comply with the 

  
 17 

 
Securities Act. Each such Electing Holder agrees to notify the Company as promptly as practicable of any inaccuracy or change in information previously furnished by such Electing Holder to the
Company or of the occurrence of any event in either case as a result of which any prospectus relating to such Shelf Registration contains or would contain an untrue statement of a material fact regarding such Electing Holder or such Electing
Holder’s intended method of disposition of such Registrable Securities or omits to state any material fact regarding such Electing Holder or such Electing Holder’s intended method of disposition of such Registrable Securities required to
be stated therein or necessary to make the statements therein not misleading in the light of the circumstances then existing, and promptly to furnish to the Company any additional information required to correct and update any previously furnished
information or required so that such prospectus shall not contain, with respect to such Electing Holder or the disposition of such Registrable Securities, an untrue statement of a material fact or omit to state a material fact required to be stated
therein or necessary to make the statements therein not misleading in the light of the circumstances then existing. 
 4.
Registration Expenses. 
 The Company and the Guarantors, jointly and severally, agree to bear and to pay or cause to be
paid promptly all expenses incident to the Company’s and the Guarantors’ performance of or compliance with this Registration Rights Agreement, including (a) all Commission and any FINRA registration, filing and review fees and
expenses including the reasonable fees and disbursements of counsel for the underwriters and the Majority Electing Holders, in each case, in connection with such registration, filing and review, (b) all fees and expenses in connection with the
qualification of the Securities for offering and sale under the State securities and blue sky laws referred to in Sections 3(c)(vi) and 3(d)(xi) hereof and determination of their eligibility for investment under the laws of such
jurisdictions as any managing underwriters or the Electing Holders may reasonably designate, including the reasonable fees and disbursements of counsel for the Electing Holders or underwriters in connection with such qualification and determination,
(c) all expenses relating to the preparation, printing, production, distribution and reproduction of each registration statement required to be filed hereunder, each prospectus included therein or prepared for distribution pursuant hereto, each
amendment or supplement to the foregoing, any related Issuer Free Writing Prospectus, the expenses of preparing the Securities for delivery and the expenses of printing or producing any underwriting agreements, agreements among underwriters, selling
agreements and blue sky or legal investment memoranda and all other documents in connection with the offering, sale or delivery of Securities to be disposed of (including certificates representing the Securities), (d) messenger, telephone and
delivery expenses relating to the offering, sale or delivery of Securities and the preparation of documents referred in clause (c) above, (e) reasonable fees and expenses of the Trustee under the Indenture, any agent of the Trustee and any
counsel for the Trustee and of any collateral agent or custodian, (f) internal expenses (including all salaries and expenses of the Company’s and the Guarantors’ officers and employees performing legal or accounting duties),
(g) reasonable fees, disbursements and expenses of counsel of the Company and 

  
 18 

 
independent certified public accountants of the Company (including the expenses of any opinions or “cold comfort” letters required by or incident to such performance and compliance),
(h) reasonable fees, disbursements and expenses of any “qualified independent underwriter” engaged pursuant to Section 3(d)(xvii) hereof, (i) the reasonable fees, disbursements and expenses of one counsel for the
Electing Holders retained in connection with a Shelf Registration, as selected by the Electing Holders of at least a majority in aggregate principal amount of the Registrable Securities held by Electing Holders (which counsel shall be reasonably
satisfactory to the Company), (j) any fees charged by securities rating services for rating the Securities, and (k) fees, expenses and disbursements of any other persons, including special experts, retained by the Company in connection
with such registration (collectively, the “Registration Expenses”). To the extent that any Registration Expenses are incurred, assumed or paid by any holder of Registrable Securities or any placement or sales agent therefor or
underwriter thereof, the Company and the Guarantors, jointly and severally, shall reimburse such person for the full amount of the Registration Expenses so incurred, assumed or paid promptly after receipt of a request therefor. Notwithstanding the
foregoing, the holders of the Registrable Securities being registered shall pay all agency fees and commissions and underwriting discounts and commissions attributable to the sale of such Registrable Securities and the fees and disbursements of any
counsel or other advisors or experts retained by such holders (severally or jointly), other than the counsel and experts specifically referred to above. 
 5. Indemnification, Contribution. 
 (a) The Company and the Guarantors,
jointly and severally, agree to indemnify and hold harmless each of the broker-dealers whose Registrable Securities are included in an Exchange Registration Statement, each Electing Holder whose Registrable Securities are included in a Shelf
Registration Statement and each person, if any, who controls any such Electing Holder, or such broker-dealer within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act as follows: 

(i) against any and all loss, liability, claim, damage and expense whatsoever, as incurred, arising out of any untrue
statement or alleged untrue statement of a material fact contained in any Exchange Registration Statement or Shelf Registration Statement, as the case may be, or any amendment or supplement thereto, pursuant to which Exchange Securities or
Registrable Securities were registered under the Securities Act, including all documents incorporated therein by reference, or the omission or alleged omission therefrom of a material fact required to be stated therein or necessary to make the
statements therein not misleading, or arising out of any untrue statement or alleged untrue statement of a material fact contained in any prospectus contained in any such Exchange Registration Statement or Shelf Registration Statement, as the case
may be, or any amendment or supplement thereto, or in any Issuer Free Writing Prospectus (when taken together with the related prospectus or prospectus supplement and related documents) related thereto, or the omission or alleged omission therefrom
of a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading; 

  
 19 

 (ii) against any and all loss, liability, claim, damage and expense
whatsoever, as incurred, to the extent of the aggregate amount paid in settlement of any litigation, or any investigation or proceeding by any governmental agency or body, commenced or threatened, or of any claim whatsoever based upon any such
untrue statement or omission, or any such alleged untrue statement or omission; provided that any such settlement is effected with the prior written consent of the Company; and 

(iii) against any and all expense whatsoever, as incurred (including the reasonable fees and disbursements of counsel
chosen by any indemnified party), reasonably incurred in investigating, preparing or defending against any litigation, or any investigation or proceeding by any governmental agency or body, commenced or threatened, or any claim whatsoever based upon
any such untrue statement or omission, or any such alleged untrue statement or omission, to the extent that any such expense is not paid under subparagraph (i) or (ii) above; provided, however, that the Company and the Guarantors shall not
be liable to any such person to the extent such loss, liability, claim, damage or expense arises out of any untrue statement or omission or alleged untrue statement or omission made in reliance upon and in conformity with written information
furnished to the Company by or on behalf of such person expressly for use in an Exchange Registration Statement or Shelf Registration Statement (or any amendment thereto), any related prospectus (or any amendment or supplement thereto), or any
Issuer Free Writing Prospectus related thereto. 
 (b) Each Electing Holder, severally, but not jointly, agrees to
(i) indemnify and hold harmless the Company, the Guarantors and the other Electing Holders, and each of their respective directors and officers, and each person, if any, who controls the Company, the Guarantors or any other Electing Holder
within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act, against any and all loss, liability, claim, damage and expense described in the indemnity contained in Section 5(a) hereof,
as incurred, but only with respect to untrue statements or omissions, or alleged untrue statements or omissions, made in any Shelf Registration Statement (or any amendment thereto), or any prospectus included therein (or any amendment or supplement
thereto) or any related Issuer Free Writing Prospectus in reliance upon and in conformity with written information furnished to the Company by or on behalf of such Electing Holder expressly for use in the Shelf Registration Statement (or any
amendment thereto) or such prospectus (or any amendment or supplement thereto) or any related Issuer Free Writing Prospectus, and (ii) reimburse the Company for any legal or other expenses reasonably incurred by the Company in connection with
investigating or defending any such action or claim as such expenses are incurred; provided, however, that no such holder shall be liable for any claims hereunder in excess of the amount of net proceeds received by such Electing Holder
from the sale of Registrable Securities pursuant to such Shelf Registration Statement. 

  
 20 

 (c) Each indemnified party shall give written notice promptly to each indemnifying party of
any action or proceeding commenced against it in respect of which indemnity may be sought hereunder, but failure to so notify an indemnifying party shall not relieve such indemnifying party from any liability hereunder to the extent it is not
materially prejudiced as a result thereof and in any event shall not relieve it from any liability which it may have otherwise than on account of this indemnity agreement. In case any such action shall be brought against any indemnified party and it
shall notify an indemnifying party of the commencement thereof, such indemnifying party shall be entitled to participate therein and, to the extent that it shall wish, jointly with any other indemnifying party similarly notified, to assume the
defense thereof, with counsel reasonably satisfactory to such indemnified party (who shall not, except with the consent of the indemnified party, be counsel to the indemnifying party) and, after notice from the indemnifying party to such indemnified
party of its election so to assume the defense thereof, such indemnifying party shall not be liable to such indemnified party for any legal expenses of other counsel or any other expenses, in each case subsequently incurred by such indemnified
party, in connection with the defense thereof other than reasonable costs of investigation). To the extent that an indemnifying party does not assume the defense of any such action, in no event shall such indemnifying party be liable for the fees
and expenses of more than one counsel (in addition to any local counsel) separate from its own counsel for all indemnified parties in connection with any one action or separate but similar or related actions in the same jurisdiction arising out of
the same general allegations or circumstances. No indemnifying party shall, without the prior written consent of the indemnified parties, settle or compromise or consent to the entry of any judgment with respect to any litigation, or any
investigation or proceeding by any governmental agency or body, commenced or threatened, or any claim whatsoever in respect of which indemnification or contribution could be sought under this Section 5 (whether or not the indemnified
parties are actual or potential parties thereto), unless such settlement, compromise or consent (i) includes an unconditional release of each indemnified party from all liability arising out of such litigation, investigation, proceeding or
claim and (ii) does not include a statement as to or an admission of fault, culpability or a failure to act by or on behalf of any indemnified party. 
 (d) If the indemnification provided for in this Section 5 is for any reason unavailable to or insufficient to hold harmless an indemnified party in respect of any losses, liabilities, claims,
damages or expenses referred to therein, then each indemnifying party shall contribute to the aggregate amount of such losses, liabilities, claims, damages and expenses incurred by such indemnified party, as incurred, in such proportion as is
appropriate to reflect the relative benefits received by the Company and the Guarantors, on the one hand, and the holders, on the other hand, from the issuance and sale by the Company of the Notes (which in the case of the Company and the Guarantors
shall be deemed to be equal to the total gross proceeds to the Company and the Guarantors from the issuance and sale of the Notes), the relative fault of the indemnifying party and the indemnified party in connection with the statements or omissions
which resulted in such losses, liabilities, claims, damages or expenses, as well as any other relevant equitable considerations. 

  
 21 

 The relative fault of the indemnifying party and the indemnified party shall be determined
by reference to, among other things, whether any such untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material fact relates to information supplied by such indemnifying party or by such indemnified
party and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. 
 The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation which
does not take account of the equitable considerations referred to above in this Section 5(d). The aggregate amount of losses, liabilities, claims, damages and expenses incurred by an indemnified party and referred to above in this
Section 5(d) shall be deemed to include any reasonable out-of-pocket legal or other expenses reasonably incurred by such indemnified party in investigating, preparing or defending against any litigation, or any investigation or
proceeding by any governmental agency or body, commenced or threatened, or any claim whatsoever based upon any such untrue or alleged untrue statement or omission or alleged omission. 

Notwithstanding the provisions of this Section 5(d), no Electing Holder shall be required to contribute any amount in excess
of the amount by which the dollar amount of the proceeds received by such holder from the sale of any Registrable Securities exceeds the amount of any damages which the Electing Holder has otherwise been required to pay by reason of such untrue or
alleged untrue statement or omission or alleged omission. 
 No person guilty of fraudulent misrepresentation (within the
meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. 
 For purposes of this Section 5(d), each person, if any, who controls any Electing Holder within the meaning of Section 15 of the Securities Act or Section 20 of the
Exchange Act shall have the same rights to contribution as such Electing Holder, and each director of the Company, and each person, if any, who controls the Company within the meaning of Section 15 of the Securities Act or
Section 20 of the Exchange Act shall have the same rights to contribution as the Company. The Electing Holders’ obligation in this Section 5(d) to contribute shall be several in proportion to the principal amount of
Registrable Securities registered by them and not joint. 
 6. Underwritten Offerings. 

(a) Selection of Underwriters. If any of the Registrable Securities covered by the Shelf Registration are to be sold pursuant to
an underwritten offering, the managing underwriter or underwriters thereof shall be designated by Electing Holders holding at least a majority in aggregate principal amount of the Registrable Securities to be included in such offering, subject to
the consent of the Company (which shall not be unreasonably withheld or delayed) and such Electing Holders shall be responsible for all underwriting discounts and commissions in connection therewith. The Company hereby

  
 22 

 
agrees with each holder of Registrable Securities that, to the extent it consents to an underwritten offering hereunder, it will negotiate in good faith and execute such indemnities, underwriting
agreements and other documents reasonably required under the terms of such underwriting arrangements, including using commercially reasonable efforts to procure customary legal opinions and auditor “comfort” letters. 

(b) Participation by Holders. Each holder of Registrable Securities hereby agrees with each other such holder that no such holder
may participate in any underwritten offering hereunder unless such holder (i) agrees to sell such holder’s Registrable Securities on the basis provided in any underwriting arrangements approved by the persons entitled hereunder to approve
such arrangements and (ii) completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents reasonably required under the terms of such underwriting arrangements. 

7. Rule 144. 
 The Company covenants to the holders of Registrable Securities that to the extent it shall be required to do so under the Exchange Act, the Company shall timely file the reports required to be filed by it
under the Exchange Act or the Securities Act (including the reports under Section 13 or 15(d) of the Exchange Act referred to in subparagraph (c)(1) of Rule 144 adopted by the Commission under the Securities Act) and the rules and regulations
adopted by the Commission thereunder, and shall take such further action as any holder of Registrable Securities may reasonably request, all to the extent required from time to time to enable such holder to sell Registrable Securities without
registration under the Securities Act within the limitations of the exemption provided by Rule 144 under the Securities Act, as such Rule may be amended from time to time, or any similar or successor rule or regulation hereafter adopted by the
Commission. Upon the request of any holder of Registrable Securities in connection with that holder’s sale pursuant to Rule 144, the Company shall deliver to such holder a written statement as to whether it has complied with such requirements.
The Company will be deemed to have satisfied the foregoing requirements if Holding (as defined in the Indenture) files such reports and takes such action of the types otherwise so required, in each case within the applicable time periods.

 8. Miscellaneous. 
 (a) No Inconsistent Agreements. The Company and the Guarantors represent, warrant, covenant and agree that they have not granted, and shall not grant, registration rights with respect to
Registrable Securities or any other securities which would be inconsistent with the terms contained in this Registration Rights Agreement. 
 (b) Notices. All notices, requests, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed to have been duly given when delivered by hand, if delivered
personally or by courier, or three days after being deposited in the mail (registered or certified mail, postage prepaid, return receipt 

  
 23 

 
requested) as follows: (i) if to the Company, to it at HD Supply, Inc., 3100 Cumberland Boulevard, Suite 1480, Atlanta, Georgia 30339, Attention: General Counsel, with a copy to Steven J.
Slutzky, Esq., Debevoise & Plimpton LLP, 919 Third Avenue, New York, NY 10022, (ii) if to a holder, to the address of such holder set forth in the security register or other records of the Company or to such other address as the
Company or any such holder may have furnished to the other in writing in accordance herewith, except that notices of change of address shall be effective only upon receipt, and (iii) if to the Initial Purchasers, c/o Goldman, Sachs &
Co., 200 West Street, New York, New York 10282, Attention: Legal Department, and with a copy to James Clark, Esq., Cahill Gordon & Reindel LLP, 80 Pine Street, New York, New York 10005. 

(c) Parties in Interest. All the terms and provisions of this Registration Rights Agreement shall be binding upon, shall inure to
the benefit of and shall be enforceable by the parties hereto and the holders from time to time of the Registrable Securities and the respective successors and assigns of the parties hereto and such holders. In the event that any transferee of any
holder of Registrable Securities shall acquire Registrable Securities, in any manner, whether by gift, bequest, purchase, operation of law or otherwise, such transferee shall, without any further writing or action of any kind, be deemed a
beneficiary hereof for all purposes and such Registrable Securities shall be held subject to all of the terms of this Registration Rights Agreement, and by taking and holding such Registrable Securities such transferee shall be entitled to receive
the benefits of, and be conclusively deemed to have agreed to be bound by all of the applicable terms and provisions of this Registration Rights Agreement. If the Company shall so request, any such successor, assign or transferee shall agree in
writing to acquire and hold the Registrable Securities subject to all of the applicable terms hereof. 
 (d) Survival.
The respective indemnities, agreements, representations, warranties and each other provision set forth in this Registration Rights Agreement or made pursuant hereto shall remain in full force and effect regardless of any investigation (or statement
as to the results thereof) made by or on behalf of any holder of Registrable Securities, any director, officer or partner of such holder, any agent or underwriter or any director, officer or partner thereof, or any controlling person of any of the
foregoing, and shall survive delivery of and payment for the Registrable Securities pursuant to the Purchase Agreement and the transfer and registration of Registrable Securities by such holder and the consummation of an Exchange Offer. 

(e) Governing Law. This Registration Rights Agreement shall be governed by and construed in accordance with the laws of the State
of New York. 
 (f) Headings. The descriptive headings of the several Sections and paragraphs of this Registration Rights
Agreement are inserted for convenience only, do not constitute a part of this Registration Rights Agreement and shall not affect in any way the meaning or interpretation of this Registration Rights Agreement. 

(g) Entire Agreement; Amendments. This Registration Rights Agreement and the other writings referred to herein (including the
Indenture and the form 

  
 24 

 
of Securities) or delivered pursuant hereto which form a part hereof contain the entire understanding of the parties with respect to its subject matter. This Registration Rights Agreement
supersedes all prior agreements and understandings between the parties with respect to its subject matter. This Registration Rights Agreement may be amended and the observance of any term of this Registration Rights Agreement may be waived (either
generally or in a particular instance and either retroactively or prospectively) only by a written instrument duly executed by the Company and the holders of at least a majority in aggregate principal amount of the Registrable Securities at the time
outstanding. Each holder of any Registrable Securities at the time or thereafter outstanding shall be bound by any amendment or waiver effected pursuant to this Section 8(g), whether or not any notice, writing or marking indicating such
amendment or waiver appears on such Registrable Securities or is delivered to such holder. 
 (h) Counterparts. This
Registration Rights Agreement may be executed by the parties in counterparts, each of which shall be deemed to be an original, but all such respective counterparts shall together constitute one and the same instrument. 

(i) Severability. If any provision of this Registration Rights Agreement, or the application thereof in any circumstance, is held
to be invalid, illegal or unenforceable in any respect for any reason, the validity, legality and enforceability of such provision in every other respect and of the remaining provisions contained in this Registration Rights Agreement shall not be
affected or impaired thereby. 

  
 25 

 If the foregoing is in accordance with your understanding, please sign and return to us five
counterparts hereof, and upon the acceptance hereof by you, on behalf of each of the Initial Purchasers, this letter and such acceptance hereof shall constitute a binding agreement between each of the Initial Purchasers, the Guarantors and the
Company. 
 [Signature Pages Follow] 

  
 26 

 
					
	Very truly yours,
	
	HD SUPPLY, INC.
		
	By:	 	 /s/ Vidya Chauhan

		 	Name:	 	Vidya Chauhan
		 	Title:	 	Senior Vice President, Strategic Business Development

 [Signature Page to Second Priority Notes Registration Rights Agreement] 

 
					
	 BRAFASCO HOLDINGS II, INC.

	 BRAFASCO HOLDINGS, INC.

	 COX LUMBER CO.

	 CREATIVE TOUCH INTERIORS, INC.

	 HD SUPPLY CONSTRUCTION SUPPLY GROUP, INC.

	 HD SUPPLY FACILITIES MAINTENANCE GROUP, INC.

	 HD SUPPLY FASTENERS & TOOLS, INC.

	 HD SUPPLY GP & MANAGEMENT, INC.

HD SUPPLY MANAGEMENT, INC.

	 HD SUPPLY UTILITIES GROUP, INC.

	 HD SUPPLY WATERWORKS GROUP, INC.

	 HSI IP, INC.

	 SUNBELT SUPPLY CANADA, INC.

	 WHITE CAP CONSTRUCTION SUPPLY, INC.

		
	By:	 	 /s/ Vidya Chauhan

		 	Name:	 	Vidya Chauhan
		 	Title:	 	Vice President

 [Signature Page to Second Priority Notes Registration Rights Agreement] 

 
					
	HD BUILDER SOLUTIONS GROUP, LLC
		
	By:	 	 /s/ Vidya Chauhan

		 	Name:	 	Vidya Chauhan
		 	Title:	 	Vice President
	
	HD SUPPLY DISTRIBUTION SERVICES, LLC
		
	By:	 	 /s/ Vidya Chauhan

		 	Name:	 	Vidya Chauhan
		 	Title:	 	Vice President
	
	HD SUPPLY REPAIR & REMODEL, LLC
		
	By:	 	 /s/ Vidya Chauhan

		 	Name:	 	Vidya Chauhan
		 	Title:	 	Vice President
	
	WILLIAMS BROS. LUMBER COMPANY, LLC
		
	By:	 	 /s/ Vidya Chauhan

		 	Name:	 	Vidya Chauhan
		 	Title:	 	Vice President

 [Signature Page to Second Priority Notes Registration Rights Agreement] 

 
					
	HD SUPPLY CONSTRUCTION SUPPLY, LTD.
	By: HD Supply GP & Management, Inc., its general partner
		
	By:	 	 /s/ Vidya Chauhan

		 	Name:	 	Vidya Chauhan
		 	Title:	 	Vice President
	
	HD SUPPLY ELECTRICAL, LTD.
	By: HD Supply GP & Management, Inc., its general partner
		
	By:	 	 /s/ Vidya Chauhan

		 	Name:	 	Vidya Chauhan
		 	Title:	 	Vice President
	
	HD SUPPLY FACILITIES MAINTENANCE, LTD.
	By: HD Supply GP & Management, Inc., its general partner
		
	By:	 	 /s/ Vidya Chauhan

		 	Name:	 	Vidya Chauhan
		 	Title:	 	Vice President
	
	HD SUPPLY HOLDINGS, LLC
		
	By:	 	 /s/ Vidya Chauhan

		 	Name:	 	Vidya Chauhan
		 	Title:	 	Vice President

 [Signature Page to Second Priority Notes Registration Rights Agreement] 

 
					
	HD SUPPLY UTILITIES, LTD.
	By: HD Supply GP & Management, Inc., its general partner
		
	By:	 	 /s/ Vidya Chauhan

		 	Name:	 	Vidya Chauhan
		 	Title:	 	Vice President
	
	HD SUPPLY WATERWORKS, LTD.
	By: HD Supply GP & Management, Inc., its general partner
		
	By:	 	 /s/ Vidya Chauhan

		 	Name:	 	Vidya Chauhan
		 	Title:	 	Vice President
	
	MADISON CORNER, LLC
	By: Cox Lumber Co., its managing member
		
	By:	 	 /s/ Vidya Chauhan

		 	Name:	 	Vidya Chauhan
		 	Title:	 	Vice President
	
	PARK-EMP, LLC
	By: Cox Lumber Co., its managing member
		
	By:	 	 /s/ Vidya Chauhan

		 	Name:	 	Vidya Chauhan
		 	Title:	 	Vice President

 [Signature Page to Second Priority Notes Registration Rights Agreement] 

 
					
	HD SUPPLY SUPPORT SERVICES, INC.
		
	By:	 	 /s/ Katherine Boelte

		 	Name:	 	Katherine Boelte
		 	Title:	 	Vice President
	
	PROVALUE, LLC
	By: HD Supply Support Services, Inc., its managing member
		
	By:	 	 /s/ Katherine Boelte

		 	Name:	 	Katherine Boelte
		 	Title:	 	Vice President

 [Signature Page to Second Priority Notes Registration Rights Agreement] 

 
					
	HDS IP HOLDING, LLC
		
	By:	 	 /s/ Ricardo Nunez

		 	Name:	 	Ricardo Nunez
		 	Title:	 	Vice President

 [Signature Page to Second Priority Notes Registration Rights Agreement] 

 
					
	HD SUPPLY DISTRIBUTION SERVICES, LLC
	
	By: HD SUPPLY GP & MANAGEMENT, INC., as Manager
		
	By:	 	 /s/ Ricardo Nunez

		 	Name:	 	Ricardo Nunez
		 	Title:	 	Secretary

 Accepted as of the date hereof: 

 

			
	GOLDMAN, SACHS & CO.
		 	 as Representative of the several Initial Purchasers listed on Schedule I(b) to the Purchase Agreement

		
	By:	 	 /s/ Goldman, Sachs & Co.

		 	(Goldman, Sachs & Co.)

 [Signature Page – Registration Rights Agreement Senior Secured Second Priority Notes] 

 Exhibit A 
 HD Supply, Inc. 
 INSTRUCTION TO DTC PARTICIPANTS 

[Date of Mailing] 

URGENT - IMMEDIATE ATTENTION REQUESTED  

DEADLINE FOR RESPONSE: [DATE]1 
 The
Depository Trust Company (“DTC”) has identified you as a DTC Participant through which beneficial interests in HD Supply, Inc. (the “Company”) 11% Senior Secured Second Priority Notes due 2020 (the
“Securities”) are held. 
 The Company is in the process of registering the Securities under the Securities Act of 1933 for
resale by the beneficial owners thereof. In order to have their Securities included in the registration statement, beneficial owners must complete and return the enclosed Notice of Registration Statement and Selling Securityholder Questionnaire.

 It is important that beneficial owners of the Securities receive a copy of the enclosed materials as soon as possible as their rights
to have the Securities included in the registration statement depend upon their returning the Notice and Questionnaire by [Deadline For Response]. Please forward a copy of the enclosed documents to each beneficial owner that holds interests in the
Securities through you. If you require more copies of the enclosed materials or have any questions pertaining to this matter, please contact HD Supply Inc., 3100 Cumberland Boulevard, Suite 1480, Atlanta, Georgia 30339. 

 

	1 	 Not less than 28 calendar days from date of mailing. 

  
 A-1

 HD Supply, Inc. 
 Notice of Registration Statement 
 and  

Selling, Securityholder Questionnaire 
 (Date) 
 Reference is hereby made to the Registration Rights Agreement (the “Registration
Rights Agreement”) among HD Supply, Inc. (the “Company”), the Guarantors party thereto and the Initial Purchasers named therein. Pursuant to the Registration Rights Agreement, the Company has filed with the United States
Securities and Exchange Commission (the “Commission”) a registration statement on Form [    ] (the “Shelf Registration Statement”) for the registration and resale under Rule 415 of the
Securities Act of 1933, as amended (the “Securities Act”), of the Company’s 11% Senior Secured Second Priority Notes due 2020 (the “Securities”). A copy of the Registration Rights Agreement is attached hereto.
All capitalized terms not otherwise defined herein shall have the meanings ascribed thereto in the Registration Rights Agreement. 
 Each
beneficial owner of Registrable Securities (as defined below) is entitled to have the Registrable Securities beneficially owned by it included in the Shelf Registration Statement. In order to have Registrable Securities included in the Shelf
Registration Statement, this Notice of Registration Statement and Selling Securityholder Questionnaire (“Notice and Questionnaire”) must be completed, executed and delivered to the Company’s counsel at the address set forth
herein for receipt ON OR BEFORE [Deadline for Response]. Beneficial owners of Registrable Securities who do not complete, execute and return this Notice and Questionnaire by such date (i) will not be named as selling securityholders in the
Shelf Registration Statement and (ii) may not use the Prospectus forming a part thereof for resales of Registrable Securities. 
 Certain
legal consequences arise from being named as a selling securityholder in the Shelf Registration Statement and related Prospectus. Accordingly, holders and beneficial owners of Registrable Securities are advised to consult their own securities law
counsel regarding the consequences of being named or not being named as a selling securityholder in the Shelf Registration Statement and related Prospectus. 
 The term “Registrable Securities” is defined in the Registration Rights Agreement. 

  
 A-2

 ELECTION 
 The undersigned holder (the “Selling Securityholder”) of Registrable Securities hereby elects to include in the Shelf Registration Statement the Registrable Securities beneficially owned
by it and listed below in Item (3). The undersigned, by signing and returning this Notice and Questionnaire, agrees to be bound with respect to such Registrable Securities by the terms and conditions of this Notice and Questionnaire and the
Registration Rights Agreement, including, without limitation, Section 5 of the Registration Rights Agreement, as if the undersigned Selling Securityholder were an original party thereto. 
 Upon any sale of Registrable Securities pursuant to the Shelf Registration Statement, the Selling Securityholder will be required to deliver to the Company and Trustee the Notice of Transfer set forth in
Exhibit B to the Registration Rights Agreement. 

  
 A-3

 The Selling Securityholder hereby provides the following information to the Company and represents and
warrants that such information is accurate and complete: 
 QUESTIONNAIRE 

 

	 	1.	(a) Full Legal Name of Selling Securityholder: 

  

	 	(b)	Full Legal Name of Registered Holder (if not the same as in (a) above) of Registrable Securities Listed in Item (3) below: 

 

	 	(c)	Full Legal Name of DTC Participant (if applicable and if not the same as (b) above) Through Which Registrable Securities Listed in Item (3) below are Held:

  

	 	2.	Address for Notices to Selling Securityholder: 

							
	
	  

	
	  

	
	  

			
		
	Telephone:	  	  

			
		
	Fax:	  	  

			
		
	Contact Person:	  	  

 

	 	3.	Beneficial Ownership of Securities: 

 Except as set forth below in this Item (3), the undersigned does not beneficially own any Securities. 

							
				
		 	(a)	 	Principal amount of Registrable Securities beneficially owned:	  	  

		 		 	CUSIP No(s). of such Registrable Securities:
		 		 	  

							
				
		 	(b)	 	Principal amount of Securities other than Registrable Securities beneficially owned:	  	  

		 		 	CUSIP No(s). of such other Securities:
		 		 	  

			
		 	(c)	 	Principal amount of Registrable Securities which the undersigned wishes to be included in the Shelf Registration

							
		 		 	Statement:	  	  

		 		 	CUSIP No(s). of such Registrable Securities to be included in the Shelf Registration Statement:

  
 A-4

	 	4.	Beneficial Ownership of Other Securities of the Company: 

 Except as set forth below in this Item (4), the undersigned Selling Securityholder is not the beneficial or registered owner of any other securities of the Company, other than the Securities listed above
in Item (3). 
 State any exceptions here: 
  

	 	5.	Relationships with the Company: 

Except as set forth below, neither the Selling Securityholder nor any of its affiliates, officers, directors or principal equity holders
(5% or more) has held any position or office or has had any other material relationship with the Company (or its predecessors or affiliates) during the past three years. 
 State any exceptions here: 
  

	 	6.	Plan of Distribution: 

 Except as
set forth below, the undersigned Selling Securityholder intends to distribute the Registrable Securities listed above in Item (3) only as follows (if at all): Such Registrable Securities may be sold from time to time directly by the undersigned
Selling Securityholder or, alternatively, through underwriters, broker-dealers or agents. Such Registrable Securities may be sold in one or more transactions at fixed prices, at prevailing market prices at the time of sale, at varying prices
determined at the time of sale, or at negotiated prices. Such sales may be effected in transactions (which may involve crosses or block transactions) (i) on any national securities exchange or quotation service on which the Registered
Securities may be listed or quoted at the time of sale, (ii) in the over-the-counter market, (iii) in transactions otherwise than on such exchanges or services or in the over-the-counter market, or (iv) through the writing of options.
In connection with sales of the Registrable Securities or otherwise, the Selling Securityholder may enter into hedging transactions with broker-dealers, which may in turn engage in short sales of the Registrable Securities in the course of hedging
the positions they assume. The Selling Securityholder may also sell Registrable Securities short and deliver Registrable Securities to close out such short positions, or loan or pledge Registrable Securities to broker-dealers that in turn may sell
such securities. 
 State any exceptions here: 
 By signing below, the Selling Securityholder acknowledges that it understands its obligation to comply, and agrees that it will comply, with the provisions of the Exchange Act and the rules and
regulations thereunder, particularly Regulation M. 

  
 A-5

 In the event that the Selling Securityholder transfers all or any portion of the Registrable Securities
listed in Item (3) above after the date on which such information is provided to the Company, the Selling Securityholder agrees to notify the transferee(s) at the time of the transfer of its rights and obligations under this Notice and
Questionnaire and the Registration Rights Agreement. 
 By signing below, the Selling Securityholder consents to the disclosure of the
information contained herein in its answers to Items (1) through (6) above and the inclusion of such information in the Shelf Registration Statement and related Prospectus. The Selling Securityholder understands that such information will
be relied upon by the Company in connection with the preparation of the Shelf Registration Statement and related Prospectus. 
 In accordance
with the Selling Securityholder’s obligation under Section 3(d) of the Registration Rights Agreement to provide such information as may be required by law for inclusion in the Shelf Registration Statement, the Selling Securityholder agrees
to promptly notify the Company of any inaccuracies or changes in the information provided herein which may occur subsequent to the date hereof at any time while the Shelf Registration Statement remains in effect. All notices hereunder and pursuant
to the Registration Rights Agreement shall be made in writing, by hand delivery, first-class mail, or air courier guaranteeing overnight delivery as follows: 
  

	 	(i)	To the Company: 

 HD Supply, Inc.

 3100 Cumberland Boulevard, Suite 1480 
 Atlanta, Georgia 30339 
 Attention: General Counsel 

 

	 	(ii)	With a copy to: 

 Steven J.
Slutzky, Esq. 
 Debevoise & Plimpton LLP 
 919 Third Avenue 
 New York, New York 10022 

Once this Notice and Questionnaire is executed by the Selling Securityholder and received by the Company’s counsel, the terms of this Notice and
Questionnaire, and the representations and warranties contained herein, shall be binding on, shall inure to the benefit of and shall be enforceable by the respective successors, heirs, personal representatives, and assigns of the Company and the
Selling Securityholder (with respect to the Registrable Securities beneficially owned by such Selling Securityholder and listed in Item (3) above). This Agreement shall be governed in all respects by the laws of the State of New York.

  
 A-6

 IN WITNESS WHEREOF, the undersigned, by authority duly given, has caused this Notice and Questionnaire to be
executed and delivered either in person or by its duly authorized agent. 
 Dated: 

 

			
	  

	Selling Securityholder
	(Print/type full legal name of beneficial owner of Registrable Securities)
		
	By:	 	  

		 	Name:
		 	Title:

  
 A-7

 PLEASE RETURN THE COMPLETED AND EXECUTED NOTICE AND QUESTIONNAIRE FOR RECEIPT ON OR BEFORE [DEADLINE FOR
RESPONSE] TO THE COMPANY’S COUNSEL AT: 
 Steven J. Slutzky, Esq. 

Debevoise & Plimpton LLP 
 919 Third Avenue 
 New York, New York 10022 

  
 A-8

 Exhibit B 
 NOTICE OF TRANSFER PURSUANT TO REGISTRATION STATEMENT 
 [INSERT NAME OF INSTITUTION APPOINTED AS
TRUSTEE] 
 [Address] 
 [Address]

 Attn: [Department] 
  

			
	Re:	  	HD Supply, Inc. (the “Company”)
		  	11% Senior Secured Second Priority Notes due 2020

 Dear Ladies and Gentlemen: 
 Please be advised that                      has transferred
$         aggregate principal amount of the above-referenced Notes pursuant to an effective Registration Statement on Form
[            ] (File No. 333-            ) filed by the Company. 

We hereby certify that the prospectus delivery requirements, if any, of the Securities Act of 1933, as amended, have been satisfied and that the
above-named beneficial owner of the Notes is named as a “Selling Holder” in the Prospectus dated              or in supplements thereto, and that the aggregate principal
amount of the Notes transferred are the Notes listed in such Prospectus opposite such owner’s name. 
 Dated: 

 

			
	Very truly yours,
	
	  

	(Name)	 	

 
			
		
	By:	 	  

		 	(Authorized Signature)

  
 B-1EX-4.11

 Exhibit 4.11 
 EXECUTION VERSION 
  
  

 
 14.875% SENIOR NOTES DUE 2020

 EXCHANGE AND REGISTRATION 
 RIGHTS AGREEMENT 
 of 

HD SUPPLY, INC. 

dated as of April 12, 2012 
  

 
  

 Table of Contents 

 

							
	 	 	 	  	Page	 
			
	 1.
	 	 Definitions
	  	 	2	  
			
	 2.
	 	 Exchange Notes
	  	 	7	  
			
	 3.
	 	 Registration on Request
	  	 	8	  
			
	 4.
	 	 Registration Procedures
	  	 	13	  
			
	 5.
	 	 Indemnification.
	  	 	19	  
			
	 6.
	 	 Registration Expenses
	  	 	23	  
			
	 7.
	 	 Rule 144
	  	 	24	  
			
	 8.
	 	 Miscellaneous
	  	 	24	  

  
 i 

 EXCHANGE AND REGISTRATION RIGHTS AGREEMENT (as amended, waived, supplemented or otherwise
modified from time to time, this “Agreement”), dated as of April 12, 2012, by and among HD Supply, Inc., a Delaware corporation (the “Company”), each of the subsidiaries of the Company whose name appears on the
signature pages hereof, as guarantors of the Initial Notes (as such and other capitalized term used herein are defined in Section 1 hereof), and each of the holders of the Securities whose name appears on the signature pages hereof and any
Person who becomes a party hereto pursuant to Section 8(c) (such holders each referred to individually as a “Noteholder,” and collectively the “Noteholders”). 

RECITALS 

WHEREAS, H 2008-3 Cayman Partners, L.P., PQ/HDS Cayman Partners, L.P., PQ/HDS Cayman Partners-A, L.P., Clayton, Dubilier & Rice
Fund VII, L.P., CD&R Parallel Fund VII, L.P. and Clayton, Dubilier & Rice Fund VII (Co-Investment) (each an “Initial Investor” and, collectively, the “Initial Investors”) have entered into a Purchase
and Exchange Agreement, dated as of April 5, 2012 (the “Purchase and Exchange Agreement”), with the Company and the guarantors party thereto, pursuant to which the Initial Investors have acquired, collectively, $757,002,000
aggregate initial principal amount of the Company’s 14.875% Senior Notes due 2020 (including any such notes issued as pay-in-kind interest on any such other notes, the “Initial Notes”) from the Company on the date hereof;

 WHEREAS, on or after the Exchange Period Start Date, the Company proposes to issue, at the request of the Initial Investors,
upon the terms set forth herein, to the Noteholders an aggregate of up to the principal amount at any time outstanding of the Initial Notes of a new series of the Company’s senior unsecured notes due 2020 (including any such notes issued as
pay-in-kind interest on any such other notes, the “Exchange Notes”) having substantially the same terms as the Initial Notes (other than that the indenture governing the Exchange Notes will include a customary prohibition on voting
by Affiliates of the Company) and guaranteed by the same entities (the “Guarantors”) that guarantee the Company’s obligations under the Initial Notes, in exchange for Initial Notes held by each Noteholder, in whole or in part
at any time or from time to time on or after the Exchange Period Start Date as provided herein; and 
 WHEREAS, in connection
and concurrently with the consummation of the transactions contemplated by the Purchase and Exchange Agreement, the Company wishes to grant to each of the Noteholders the right to demand the registration for resale of the Exchange Notes, or a
registered exchange offer therefor, on the terms and subject to the conditions set forth herein. 

 NOW, THEREFORE, in consideration of the foregoing recitals and of the mutual promises
hereinafter set forth, the parties hereto agree as follows: 
 AGREEMENT 

1. Definitions. As used in this Agreement, the following capitalized terms shall have the following respective meanings:

 “Affiliate” of any specified Person means any other Person, directly or indirectly, controlling or
controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, “control” when used with respect to any Person means the power to direct the management and policies of such Person,
directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing. 

“Bain” means H 2008-3 Cayman Partners, L.P., acting at the direction of those Bain Investors holding a majority of the
Securities held by all Bain Investors. 
 “Bain Investors” means H 2008-3 Cayman Partners, L.P. and any of its
Permitted Transferees who are Noteholders. 
 “Carlyle” means PQ/HDS Cayman Partners, L.P., acting at the
direction of those Carlyle Investors holding a majority of the Securities held by all Carlyle Investors. 
 “Carlyle
Investors” means PQ/HDS Cayman Partners, L.P., PQ/HDS Cayman Partners-A, L.P. and their Permitted Transferees who are Noteholders. 
 “CD&R” means Clayton, Dubilier & Rice Fund VII, L.P., acting at the direction of those CD&R Investors holding a majority of the Securities held by all CD&R Investors.

 “CD&R Investors” means Clayton, Dubilier & Rice Fund VII, L.P. and its Permitted Transferees
who are Noteholders. 
 “Coordination Committee” has the meaning given to such term in the Noteholders
Agreement. 
 “Covered Person” has the meaning given to such term in Section 5. 

“Demand Notice” means a written notice from a Holder or Holders of Registrable Securities delivered to the Company
pursuant to Section 3(a) or Section 3(b) requesting the Company to file a Registration Statement and take the other actions required by such sections. 
 “Demand Registration” means a registration of Registrable Securities made pursuant to Section 3(a) or Section 3(b). 

  
 2 

 “Effective Time,” in the case of (i) an Exchange Registration,
shall mean the time and date as of which the SEC declares the Exchange Registration Statement effective or as of which the Exchange Registration Statement otherwise becomes effective and (ii) a Shelf Registration, shall mean the time and
date as of which the SEC declares the Shelf Registration Statement effective or as of which the Shelf Registration Statement otherwise becomes effective. 
 “Electing Noteholder” has the meaning given to such term in Section 2(a). 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended, and any successor statute thereto and the rules and regulations of the SEC promulgated thereunder. 

“Exchange Date” has the meaning given to such term in Section 2(b). 

“Exchange Notes” has the meaning given to such term in the recitals. 

“Exchange Notes Indenture” means the indenture to be entered among the Company, the subsidiary guarantors from time to
time parties thereto and an indenture trustee, governing the Exchange Notes, as the same may be amended, waived, supplemented or otherwise modified from time to time. 
 “Exchange Notice” has the meaning given to such term in Section 2(b). 
 “Exchange Offer” has the meaning given to such term in Section 3(b). 
 “Exchange Period Start Date” means the later of (a) the Retirement Date and (b) the earlier of (i) October 12, 2013 and (ii) the date
that is 90 days after a registration statement of the Company with respect to the Company’s 11% Senior Secured Second Priority Notes due 2020 has become effective. 
 “Exchange Registration Statement” has the meaning given to such term in Section 3(b). 
 “Guarantors” has the meaning given to such term in the recitals. 

“Holder” means each of the Noteholders and any direct or indirect transferee of a Noteholder who has acquired Securities
from a Noteholder not in violation of the Noteholders Agreement and who agrees in writing to be bound by the provisions of this Agreement. 
 “Initial Investor” has the meaning given to such term in the recitals. 
 “Initial Notes” has the meaning given to such term in the recitals. 

  
 3 

 “Initial Notes Indenture” means the Indenture, dated as of the date hereof,
among the Company, as Issuer, the subsidiary guarantors from time to time parties thereto and Initial Notes Trustee, governing the Initial Notes, as the same may be amended, waived, supplemented or otherwise modified from time to time. 

“Initial Notes Trustee” means Wilmington Trust, National Association, as trustee under the Initial Notes Indenture, and
any successor thereof. 
 “Indemnified Party” has the meaning given to such term in Section 5. 

“Indemnifying Party” has the meaning given to such term in Section 5. 

“Losses” has the meaning given to such term in Section 5. 

“NASD” means the National Association of Securities Dealers, Inc. 

“Noteholders” has the meaning given to such term in the preamble. 

“Noteholders Agreement” means the Noteholders Agreement, dated as of the date hereof, among the Company, the CD&R
Investors, the Bain Investors, the Carlyle Investors and the other holders of the Initial Notes party thereto, as the same may be amended, waived, supplemented or otherwise modified from time to time in accordance with its terms. 

“Outstanding” or “outstanding,” when used with respect to Securities means, as of the date of
determination, all Securities theretofore authenticated and delivered under the applicable indenture, except (i) Securities theretofore cancelled or delivered to the applicable trustee for cancellation, (ii) Securities for
whose payment or redemption money in the necessary amount has been theretofore deposited with the applicable trustee or paying agent in trust for the holders of such Securities, provided that, if such Securities are to be redeemed, notice of
such redemption has been duly given pursuant to the applicable indenture or provision therefor reasonably satisfactory to the applicable trustee has been made, and (iii) Securities in exchange for or in lieu of which other Securities
have been authenticated and delivered pursuant to the applicable indenture. A Security does not cease to be Outstanding because the Company or any Affiliate of the Company holds the Security. 

“Permitted Transferee” has the meaning given to such term in the Noteholders Agreement. 

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

  
 4 

 “Principal Investors” has the meaning given to such term in the Noteholders
Agreement. 
 “Prospectus” means the prospectus included in any Registration Statement (including, without
limitation, a prospectus that discloses information previously omitted from a prospectus filed as part of an effective Registration Statement in reliance upon Rule 430A promulgated under the Securities Act), as amended or supplemented by any
prospectus supplement, and all other amendments and supplements to the Prospectus, including post-effective amendments, and all material incorporated by reference or deemed to be incorporated by reference in such prospectus. 

“Purchase and Exchange Agreement” has the meaning given to such term in the recitals. 

“Registered Exchange Notes” has the meaning given to such term in Section 3(b). 

“Registrable Securities” means any Exchange Notes held by a Holder. As to any particular Registrable Securities, once
issued such securities shall cease to be Registrable Securities when (i) they are sold or exchanged for Registered Exchange Notes pursuant to an effective Registration Statement under the Securities Act, (ii) they shall have
ceased to be outstanding or (iii) they have been sold in a private transaction in which the transferor’s rights under this Agreement are not assigned to the transferee of the securities. No Registrable Securities may be registered
under more than one Registration Statement at any one time. 
 “Registration Statement” means any registration
statement of the Company under the Securities Act which covers any of the Registrable Securities pursuant to the provisions of this Agreement, including the Prospectus, amendments and supplements to such registration statement, including
post-effective amendments, all exhibits and all material incorporated by reference or deemed to be incorporated by reference in such registration statement. 
 “Retirement Date” means the date on which at least 75% of the aggregate principal amount of 13.5% Senior Subordinated Notes due 2015 of the Company outstanding on the date hereof:

 (i) have had their scheduled maturity date extended to a date at least 91 days after the scheduled maturity date of the
Securities, 
 (ii) have been refinanced with indebtedness of the Company or any Subsidiary thereof (x) that is
subordinated to the Securities (and any guarantee thereof) in right of payment, having a scheduled maturity date that is on a date at least 91 days after the scheduled maturity date of the Securities, (y) that is pari passu in
right of payment with the Securities (and any guarantee thereof), having a scheduled maturity date that is on or after the scheduled maturity date of the Securities, or (z) that is secured indebtedness having a scheduled maturity date
that is on or after the scheduled maturity date of the Senior Secured Credit Facility (as in effect on the date hereof), or 

  
 5 

 (iii) have been otherwise retired (other than by refinancing with indebtedness of the
Company or any Subsidiary thereof). 
 “Rule 144” means Rule 144 under the Securities Act, as such Rule may be
amended from time to time, or any similar rule or regulation hereafter adopted by the SEC. 
 “Securities”
means the Initial Notes, the Exchange Notes to be issued to the Holders as described in Section 2 hereof, and securities issued in exchange therefor or in lieu thereof pursuant to the Initial Notes Indenture, the Exchange Notes Indenture or
other indenture (including Registered Exchange Notes). Unless the context otherwise requires, any reference herein to a “Security” or a “Registrable Security” shall include a reference to the related guarantees thereof, if any.

 “Securities Act” means the Securities Act of 1933, as amended, and any successor statute thereto and the
rules and regulations of the SEC promulgated thereunder. 
 “SEC” means the Securities and Exchange Commission
or any other federal agency at the time administering the Securities Act or the Exchange Act. 
 “Senior Secured Credit
Facility” means the senior secured credit facility provided by, and pursuant to, the Credit Agreement, dated as of April 12, 2012, among the Company, as borrower, the several lenders and financial institutions from time to time parties
thereto, Bank of America, N.A., as administrative agent and collateral agent and the other parties thereto. 
 “Senior
Subordinated Notes” means the Company’s 13.5% Senior Subordinated Notes due 2015. 
 “Shelf
Registration” has the meaning given to such term in Section 3(a). 
 “Shelf Registration
Statement” has the meaning given to such term in Section 3(a). 
 “Shelf Underwritten Offering”
has the meaning given to such term in Section 3(f). 
 “Subsidiary” has the meaning given to such term in
the Noteholders Agreement. 
 “Take Down Notice” has the meaning given to such term in Section 3(f).

  
 6 

 2. Exchange Notes. 

(a) At any time or from time to time, on or after the Exchange Period Start Date, at the option of any Holder or Holders holding at least
15% of the aggregate original principal amount of the Initial Notes (collectively, the “Electing Noteholders”), the Initial Notes held by the Electing Noteholders may be exchanged in whole or in part for one or more Exchange Notes
having an aggregate principal amount equal to the outstanding amount of such Initial Notes. Accrued and unpaid interest on the Initial Notes being exchanged shall be deemed to have been accrued under, and shall be payable in accordance with, the
Exchange Notes received by the Electing Noteholders in exchange for such Initial Notes. 
 (b) The Electing Noteholders shall
provide the Company prior written notice of such election (each such notice, an “Exchange Notice”), at least 15 Business Days prior to the date on which the Electing Noteholders wish the exchange to take place (each such date, an
“Exchange Date”), which notice shall be revocable by each Electing Noteholder, with respect to itself only, at any time prior to the Exchange Date. The Exchange Notice shall specify the principal amount of the Initial Notes to be
exchanged (which shall be a multiple of $1,000 or the entire aggregate outstanding amount of the Initial Notes held by such Holder) and the Exchange Date, which shall be a Business Day. 

(c) Within five days after receipt by the Company of an Exchange Notice, the Company shall give written notice of such Exchange Notice to
all other Holders of Initial Notes. Each such other Holder may elect to participate in the exchange on the applicable Exchange Date by providing the Company notice of such election no later than five days prior to the applicable Exchange Date;
provided that such notice includes all of the information that would be required in an Exchange Notice and that such other Holder satisfies all the conditions applicable to an Electing Noteholder. 

(d) On the Exchange Date, each Electing Noteholder shall deliver to the Initial Notes Trustee a transfer instruction in favor of the
Company with respect to the Initial Notes being exchanged (together with any Initial Note being exchanged that has been issued in certificated form) in accordance with the terms of the Initial Notes Indenture, and the Company shall deliver an
authentication and delivery order to the trustee under the Exchange Notes Indenture directing such trustee to authenticate and deliver the Exchange Notes to such Electing Noteholder as specified in the Exchange Notice. 

(e) If requested by any Electing Noteholder, the Company shall use its reasonable best efforts to cause the Exchange Notes to be issued
in global form and held through The Depository Trust Company. 
 (f) As a condition precedent to effecting any exchange pursuant
to this Section 2(a), each Electing Noteholder shall (i) represent to the Company that (x) it owns 

  
 7 

 
its Initial Notes being exchanged, beneficially and of record, free and clear of any liens, encumbrances, claims and title defects, (y) there are no outstanding options or other
rights or agreements, commitments or understandings of any kind to which such Electing Noteholder is a party, to acquire from such Electing Noteholder, or other obligation of such Electing Noteholder to transfer or sell, any of its Initial Notes
being exchanged, and (z) upon issuance of the applicable Exchange Notes in exchange for its Initial Notes being exchanged, the Company will acquire good and valid title to all of such Initial Notes, free and clear of any liens,
encumbrances, claims and title defects, and (ii) make such other representations to the Company as the Company may reasonably request and (iii) provide to the Company and the trustee of the indenture governing the Exchange Notes
such other documents and information as the Company or such trustee may reasonably request. 
 3. Registration on
Request. 
 (a) Shelf Registration Statement. Subject to the following paragraphs of this Section 3(a), on or
after the Exchange Period Start Date, any Holder or Holders of Registrable Securities shall have the right to request that the Company to use its reasonable best efforts to (i) file under the Securities Act as promptly as practicable,
but not later than 60 days after such Holders’ request, a “shelf” registration statement providing for the registration of, and the sale on a continuous or delayed basis by such Holders of, all or a portion of such Holders’
Registrable Securities pursuant to Rule 415 or any similar rule that may be adopted by the SEC (such filing, a “Shelf Registration” and such registration statement, a “Shelf Registration Statement”), in each case by
delivering a Demand Notice, provided that (A) the aggregate outstanding principal amount of the Registrable Securities being so registered shall represent not less than 15% of the aggregate outstanding principal amount of all
Securities and (B) the Company shall not be obligated to file a Shelf Registration Statement relating to any Demand Notice under this Section 3(a) within a period of 180 days after the Effective Time of any other Registration
Statement relating to any Demand Notice under Section 3(a) or Section 3(b), and (ii) supplement or make amendments to the Shelf Registration Statement, as and when required by the rules, regulations or instructions applicable
to the registration form used by the Company for such Shelf Registration Statement or by the Securities Act or rules and regulations thereunder for shelf registration, and to furnish to each Holder electing to participate in such Shelf Registration
Statement copies of any such supplement or amendment promptly following its filing with the SEC. 
 Within 10 days after receipt
by the Company of a Demand Notice in accordance with this Section 3(a), the Company shall give written notice of such Demand Notice to all other Holders of Registrable Securities and shall, subject to the provisions of Section 3(d) hereof,
include in such registration all Registrable Securities with respect to which the Company received written requests for inclusion therein within 15 days after such notice is given by the Company to such Holders. 

  
 8 

 All requests made pursuant to this Section 3 will specify the number of Registrable
Securities to be registered and the intended methods of disposition thereof. 
 The Company shall be required to maintain the
effectiveness of the Shelf Registration Statement with respect to any Demand Registration for a period of at least six months after the Effective Time thereof or such shorter period during which all Registrable Securities covered by such
Registration Statement have actually been sold; provided that such period shall be extended for a period of time equal to the period any Holder of Registrable Securities refrains from selling any securities included in such Registration
Statement at the request of the Company or an underwriter of the Company pursuant to the provisions of this Agreement. 
 (b)
Exchange Registration Statement. Subject to Section 3(c) and the following paragraphs of this Section 3(b), in lieu of requesting the Company to file or to cause to become effective a Shelf Registration Statement pursuant to
Section 3(a) above, any Holder or Holders of Registrable Securities shall have the right, by delivering a Demand Notice, to request the Company use its reasonable best efforts to file under the Securities Act a registration statement relating
to an offer to exchange (such registration statement, the “Exchange Registration Statement”, and such offer, the “Exchange Offer”) all or a portion of such Holders’ Registrable Securities for a like aggregate
principal amount of debt securities issued by the Company and guaranteed by the Guarantors, which debt securities and guarantees are substantially identical to the Registrable Securities (and are entitled to the benefits of a trust indenture which
is substantially identical to the Exchange Notes Indenture or is the Exchange Notes Indenture and which has been qualified under the Trust Indenture Act), except that they have been registered pursuant to an effective registration statement under
the Securities Act and do not contain restrictions on transfer (such new debt securities, including any such notes issued as pay-in-kind interest on any such other notes, hereinafter called “Registered Exchange Notes”),
provided that (A) the aggregate outstanding principal amount of the Registrable Securities being so exchanged shall represent not less than 15% of the aggregate outstanding principal amount of all Securities and
(B) the Company shall not be obligated to file an Exchange Registration Statement relating to any Demand Notice under this Section 3(b) within a period of 180 days after the Effective Time of any other Registration Statement
relating to any Demand Notice under Section 3(a) or Section 3(b). The Exchange Offer will be registered under the Securities Act on the appropriate form and will comply with all applicable tender offer rules and regulations under the
Exchange Act. The Company further agrees to use its reasonable best efforts to commence the Exchange Offer promptly after the Effective Time of the Exchange Registration Statement, hold the Exchange Offer open for the period required by applicable
law (including pursuant to any applicable interpretation by the staff of the SEC), but in any event for at least 20 business days, and exchange the Registered Exchange Notes for all Registrable Securities that have been validly tendered and not
withdrawn on or prior to the expiration of the Exchange Offer. If the Company commences the Exchange Offer, 

  
 9 

 
the Company will be entitled to close the Exchange Offer 30 days after the commencement thereof (or at the end of such shorter period permitted by applicable law), provided that the
Company has accepted all the Registrable Securities validly tendered in accordance with the terms of the Exchange Offer. The Company agrees (x) to include in the Exchange Registration Statement a prospectus for use in any resales by any
holder of Registered Exchange Notes that is a broker-dealer and (y) to keep such Exchange Registration Statement effective for a period (the “Resale Period”) beginning when Registered Exchange Notes are first issued in
the Exchange Offer and ending upon the earlier of the expiration of the 90th day after the Exchange Offer has been completed and such time as such broker-dealers no longer own any Registrable Securities. 

Within 10 days after receipt by the Company of a Demand Notice in accordance with this Section 3(b), the Company shall give written
notice of such Demand Notice to all other Holders of Registrable Securities and shall, subject to the provisions of Section 3(d) hereof, include in such registration all Registrable Securities with respect to which the Company received written
requests for inclusion therein within 15 days after such notice is given by the Company to such Holders. 
 Each Holder
participating in the Exchange Offer shall be required to represent to the Company that (i) any Registered Exchange Notes received by such Holder will be acquired in the ordinary course of business, (ii) at the time of the
commencement of the Exchange Offer such Holder has no arrangements or understanding with any person to participate in the distribution of the Securities or the Registered Exchange Notes within the meaning of the Securities Act,
(iii) such Holder is not an “affiliate,” as defined in Rule 405 of the Securities Act, of the Company, (iv) if such Holder is not a broker-dealer, that it is not engaged in, and does not intend to engage in,
the distribution of the Registered Exchange Notes, (v) if such Holder is a broker-dealer, that it will receive Registered Exchange Notes for its own account in exchange for Securities that were acquired as a result of market-making
activities or other trading activities and that it will deliver a prospectus in connection with any resale of such Registered Exchange Notes and (vi) such Holder is not acting on behalf of any person who could not truthfully make the
foregoing representations. 
 (c) Exchange Offer Unavailable. If any Holder has delivered a Demand Notice pursuant to
Section 3(b) above and (i) on or prior to the time the Exchange Offer is consummated, SEC’s interpretations are such that the Exchange Securities received by Holders in the Exchange Offer for Registrable Securities are not or
would not be, upon receipt, transferable by each such Holder without restriction under the Securities Act, or (ii) any Holder shall be, and shall notify the Company that such Holder is, prohibited by law or SEC policy from participating
in the Exchange Offer or such Holder may not resell the Registered Exchange Notes acquired in the Exchange Offer to the public without delivering a prospectus and the prospectus contained in the Exchange Registration Statement is not available for
such resales by such Holder and any such 

  
 10 

 
Holder so requests, the Company shall, in lieu of (or, in the case of clause (ii), in addition to) conducting the Exchange Offer contemplated by Section 3(b), use its reasonable best efforts
to file under the Securities Act and cause to become effective as promptly as reasonably practicable, a Shelf Registration Statement providing for the registration of, and the sale on a continuous or delayed basis by the Holders of, all of the
Registrable Securities of the Holders that elect to participate in such Shelf Registration as set forth in Section 3(a). 

(d) Priority on Demand Registration. If any of the Registrable Securities registered pursuant to a Demand Registration are to be
sold in a firm commitment underwritten offering, and the managing underwriter or underwriters advise the Holders of such securities in writing that in its reasonable view the principal amount of Registrable Securities proposed to be sold in such
offering (including, without limitation, securities proposed to be included by other holders of securities entitled to include securities in such Registration Statement pursuant to incidental or piggyback registration rights) is such as to adversely
affect the success of such offering, then there shall be included in such firm commitment underwritten offering the principal amount of Registrable Securities that in the opinion of such managing underwriter can be sold without adversely affecting
such offering, and such principal amount of Registrable Securities shall be allocated among the Holders of Registrable Securities requesting inclusion in such registration pro rata on the basis of the percentage of Registrable
Securities owned by each such Holder relative to the number of Registrable Securities owned by all such Holders until, with respect to each Holder, all Registrable Securities requested for registration by such Holders have been included in such
registration. 
 (e) Postponements in Requested Registrations. (i) If the Company shall at any time furnish
to the Holders a certificate signed by its chairman of the board, chief executive officer, president or any other of its authorized officers stating that the filing of a Registration Statement with respect to Registrable Securities would require the
disclosure of material information the disclosure of which would, in the good faith judgment of the board of directors of the Company, have a material adverse effect on the business, operations or prospects of the Company (including, without
limitation, the ability to effect a material proposed acquisition, disposition, financing, reorganization, recapitalization or similar transaction), the Company may postpone the filing (but not the preparation) of a Registration Statement required
by this Section 3 for up to 45 days and (ii) if the board of directors of the Company determines in its good faith judgment, that the registration and offering otherwise required by this Section 3 would have an adverse effect
on a then contemplated public offering of securities of the Company, the Company may postpone the filing (but not the preparation) of a Registration Statement required by this Section 3, during the period starting with the tenth day immediately
preceding the date of the anticipated filing of, and ending on a date 30 days (or such shorter period as the managing underwriter may permit) following the effective date of, the registration statement relating to the public offering of the
securities of the Company; provided that 

  
 11 

 
the Company shall at all times in good faith use its reasonable best efforts to cause any Registration Statement required by this Section 3 to be filed as soon as possible and;
provided, further, that the Company shall not be permitted to postpone registration pursuant to this Section 3(e) more than once in any 360-day period. The Company shall promptly give the Holders requesting registration of
Registrable Securities pursuant to this Section 3 written notice of any postponement made in accordance with the preceding sentence. 
 (f) Underwritten Shelf-Take Downs. At any time that a Shelf Registration Statement covering Registrable Securities pursuant to Section 3 is effective, if any Initial Investor (or any of its
Permitted Transferees) delivers a notice to the Company (a “Take-Down Notice”) stating that it intends to effect an underwritten offering (a “Shelf Underwritten Offering”) or an offering that is a “bought
deal” or a block trade with one or more investment banks, of all or part of its Registrable Securities included by it on the Shelf Registration Statement, then the Company shall amend or supplement the Shelf Registration Statement as may be
necessary in order to enable such Registrable Securities to be distributed pursuant to the Shelf Underwritten Offering (taking into account the inclusion of Registrable Securities by any other Holders pursuant to Section 3(d)), “bought
deal” or block trade. In connection with any Shelf Underwritten Offering: 
 (i) such proposing Initial
Investor (or Permitted Transferee) shall also deliver the Take-Down Notice to all other Holders included on such Shelf Registration Statement and permit each Holder to include its Registrable Securities included on the Shelf Registration Statement
in the Shelf Underwritten Offering if such Holder notifies the proposing Initial Investor (or Permitted Transferee) and the Company within five business days after delivery of the Take-Down Notice to such Holder; and 

(ii) in the event that the underwriter advises such proposing Initial Investor (or Permitted Transferee) and the Company
in writing that in its reasonable view the total principal amount of Registrable Securities proposed to be sold in such offering (including securities proposed to be included by other Holders of Registrable Securities entitled to include securities
in such take-down offering pursuant to Section 3(f)(i)) is such as to adversely affect the success of such offering, then the underwriter may limit the principal amount of Registrable Securities which would otherwise be included in such
take-down offering in the same manner as described in Section 3(d) with respect to a limitation of Registrable Securities to be included in a registration. 
 (g) Registration Statement Form. If any registration requested pursuant to this Section 3 which is proposed by the Company to be effected by the filing of a Registration Statement on
Form S-3 (or any successor or similar short-form registration statement) shall be in connection with an underwritten public offering, and if the managing underwriter shall advise the Company in writing that, in its reasonable opinion, the use
of 

  
 12 

 
another form of registration statement is of material importance to the success of such proposed offering or is otherwise required by applicable law, then such registration shall be effected on
such other form. 
 (h) Selection of Underwriters. The Coordination Committee exclusively shall negotiate agreements with
the underwriters with regard to holdback and lock-up arrangements. The Coordination Committee exclusively also shall select the lead managing underwriter in all underwritten offerings of the Company, including those made pursuant to Section 3
hereof. 
 4. Registration Procedures. If and whenever the Company is required to use its reasonable best efforts to
effect the registration of any Registrable Securities under the Securities Act as provided in Section 3 hereof, the Company shall effect such registration to permit the sale of such Registrable Securities in accordance with the intended method
or methods of disposition thereof, and pursuant thereto the Company shall cooperate in the sale of the securities and shall, as expeditiously as possible: 
 (a) prepare and file, in each case as promptly as practicable, with the SEC a Registration Statement or Registration Statements on such form as shall be available for the sale of the Registrable
Securities by the Holders thereof or by the Company in accordance with the intended method or methods of distribution thereof, and use its reasonable best efforts to cause such Registration Statement to become effective as soon as practicable and to
remain effective as provided herein; provided that before filing a Registration Statement or Prospectus or any amendments or supplements thereto (including documents that would be incorporated or deemed to be incorporated therein by
reference), the Company shall furnish or otherwise make available to the Holders of the Registrable Securities covered by such Registration Statement, their counsel and the managing underwriters, if any, copies of all such documents proposed to be
filed, which documents will be subject to the reasonable review and comment of such counsel, and such other documents reasonably requested by such counsel, including any comment letter from the SEC, and, if requested by such counsel, provide such
counsel reasonable opportunity to participate in the preparation of such Registration Statement and each Prospectus included therein and such other opportunities to conduct a reasonable investigation within the meaning of the Securities Act,
including reasonable access to the Company’s books and records, officers, accountants and other advisors. The Company shall not file any such Registration Statement or Prospectus or any amendments or supplements thereto (including such
documents that, upon filing, would be incorporated or deemed to be incorporated by reference therein) with respect to a Demand Registration to which the Holders of a majority of the Registrable Securities covered by such Registration Statement (or
their counsel) or the managing underwriters, if any, shall reasonably object, in writing, on a timely basis, unless, in the opinion of the Company, such filing is necessary to comply with applicable law; 

  
 13 

 (b) prepare and file with the SEC such amendments and post-effective
amendments to each Registration Statement as may be necessary to keep such Registration Statement continuously effective during the period provided herein and comply in all material respects with the provisions of the Securities Act with respect to
the disposition of all securities covered by such Registration Statement; and cause the related Prospectus to be supplemented by any Prospectus supplement as may be necessary to comply with the provisions of the Securities Act with respect to the
disposition of the securities covered by such Registration Statement, and as so supplemented to be filed pursuant to Rule 424 (or any similar provisions then in force) under the Securities Act; 

(c) notify each selling Holder of Registrable Securities, its counsel and the managing underwriters, if any, promptly, and
(if requested by any such Person) confirm such notice in writing, (i) when a Prospectus or any Prospectus supplement or post-effective amendment has been filed, and, with respect to a Registration Statement or any post-effective
amendment, when the same has become effective, (ii) of any request by the SEC or any other federal or state governmental authority for amendments or supplements to a Registration Statement or related Prospectus or for additional
information, (iii) of the issuance by the SEC of any stop order suspending the effectiveness of a Registration Statement or the initiation of any proceedings for that purpose, (iv) if at any time the Company has reason to
believe that the representations and warranties of the Company contained in any agreement (including any underwriting agreement) contemplated by Section 4(m) below cease to be true and correct, (v) of the receipt by the Company of
any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction, or the initiation or threatening of any proceeding for such purpose, and
(vi) of the happening of any event that makes any statement made in such Registration Statement or related Prospectus or any document incorporated or deemed to be incorporated therein by reference untrue in any material respect or that
requires the making of any changes in such Registration Statement, Prospectus or documents so that, in the case of the Registration Statement, it will not contain any untrue statement of a material fact or omit to state any material fact required to
be stated therein or necessary to make the statements therein, not misleading, and that in the case of the Prospectus, it will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the
statements therein, in light of the circumstances under which they were made, not misleading (which notice shall notify the selling Holders only of the occurrence of such an event and shall provide no additional information regarding such event to
the extent such information would constitute material non-public information); 

  
 14 

 (d) use its reasonable best efforts to obtain the withdrawal of any order
suspending the effectiveness of a Registration Statement, or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction at the earliest date reasonably
practical; 
 (e) if requested by the managing underwriters, if any, or the Holders of a majority of the then
issued and outstanding Registrable Securities being sold in connection with an underwritten offering, promptly include in a Prospectus supplement or post-effective amendment such information as the managing underwriters, if any, and such Holders may
reasonably request in order to permit the intended method of distribution of such securities and make all required filings of such Prospectus supplement or such post-effective amendment as soon as practicable after the Company has received such
request; provided, however, that the Company shall not be required to take any actions under this Section 4(e) that are not, in the opinion of counsel for the Company, in compliance with applicable law; 

(f) deliver to each selling Holder of Registrable Securities, its counsel, and the underwriters, if any, without charge,
as many copies of the Prospectus or Prospectuses (including each form of Prospectus) and each amendment or supplement thereto as such Persons may reasonably request from time to time in connection with the distribution of the Registrable Securities;
and the Company, subject to the last paragraph of this Section 4, hereby consents to the use of such Prospectus and each amendment or supplement thereto by each of the selling Holders of Registrable Securities and the underwriters, if any, in
connection with the offering and sale of the Registrable Securities covered by such Prospectus and any such amendment or supplement thereto; 
 (g) prior to any public offering of Registrable Securities, use its reasonable best efforts to register or qualify or cooperate with the selling Holders of Registrable Securities, the underwriters, if
any, and their respective counsel in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or “Blue Sky” laws of such
jurisdictions within the United States as any seller or underwriter reasonably requests in writing and to keep each such registration or qualification (or exemption therefrom) effective during the period such Registration Statement is required to be
kept effective and to take any other action that may be necessary or advisable to enable such Holders of Registrable Securities to consummate the disposition of such Registrable Securities in such jurisdiction; provided, however, that
the Company will not be 

  
 15 

 
required to (i) qualify generally to do business in any jurisdiction where it is not then so required to qualify but for this paragraph (g) or (ii) take any action
that would subject it to general service of process in any such jurisdiction where it is not then so subject; 

(h) cooperate with the selling Holders of Registrable Securities and the managing underwriters, if any, to facilitate the
timely preparation and delivery of certificates (not bearing any legends) representing Registrable Securities to be sold after receiving written representations from each Holder of such Registrable Securities that the Registrable Securities
represented by the certificates so delivered by such Holder will be transferred in accordance with the Registration Statement, and enable such Registrable Securities to be in such denominations and registered in such names as the managing
underwriters, if any, or Holders may request at least two business days prior to any sale of Registrable Securities in a firm commitment public offering, but in any other such sale, within ten business days prior to having to issue the securities;

 (i) use its reasonable best efforts to cause the Registrable Securities covered by the Registration Statement
to be registered with or approved by such other governmental agencies or authorities within the United States, except as may be required solely as a consequence of the nature of such selling Holder’s business, in which case the Company will
cooperate in all reasonable respects with the filing of such Registration Statement and the granting of such approvals, as may be necessary to enable the seller or sellers thereof or the underwriters, if any, to consummate the disposition of such
Registrable Securities; 
 (j) upon the occurrence of any event contemplated by Section 4(c)(vi) above,
prepare a supplement or post-effective amendment to the Registration Statement or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, or file any other required document so that, as
thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, such Prospectus will not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make
the statements therein, in light of the circumstances under which they were made, not misleading; 
 (k) prior to
the effective date of the Registration Statement relating to the Registrable Securities, provide a CUSIP number for the Registrable Securities; 
 (l) provide and cause to be maintained a note registrar for all Registrable Securities covered by such Registration Statement from and after a date not later than the effective date of such Registration
Statement; 

  
 16 

 (m) enter into such agreements (including an underwriting agreement in form,
scope and substance as is customary in underwritten offerings) and take all such other actions reasonably requested by the Holders of a majority of the Registrable Securities being sold in connection therewith (including those reasonably requested
by the managing underwriters, if any) to expedite or facilitate the disposition of such Registrable Securities, and in such connection, whether or not an underwriting agreement is entered into and whether or not the registration is an underwritten
registration, (i) make such representations and warranties to the Holders of such Registrable Securities and the underwriters, if any, with respect to the business of the Company and its Subsidiaries, and the Registration Statement,
Prospectus and documents, if any, incorporated or deemed to be incorporated by reference therein, in each case, in form, substance and scope as are customarily made by issuers to underwriters in underwritten offerings, and, if true, confirm the same
if and when requested, (ii) use its reasonable best efforts to furnish to the selling Holders of such Registrable Securities opinions of outside counsel to the Company and updates thereof (which counsel and opinions (in form, scope and
substance) shall be reasonably satisfactory to the managing underwriters, if any, and counsels to the selling Holders of the Registrable Securities), addressed to each selling Holder of Registrable Securities and each of the underwriters, if any,
covering the matters customarily covered in opinions requested in underwritten offerings and such other matters as may be reasonably requested by such counsel and underwriters, (iii) use its reasonable best efforts to obtain “cold
comfort” letters and updates thereof from the independent certified public accountants of the Company (and, if necessary, any other independent certified public accountants of any Subsidiary of the Company or of any business acquired by the
Company for which financial statements and financial data are, or are required to be, included in the Registration Statement) who have certified the financial statements included in such Registration Statement, addressed to each selling Holder of
Registrable Securities (unless such accountants shall be prohibited from so addressing such letters by applicable standards of the accounting profession) and each of the underwriters, if any, such letters to be in customary form and covering matters
of the type customarily covered in “cold comfort” letters in connection with underwritten offerings, (iv) if an underwriting agreement is entered into, the same shall contain indemnification provisions and procedures
substantially to the effect set forth in Section 5 hereof with respect to all parties to be indemnified pursuant to said Section except as otherwise agreed by the Holders that will be a party to that underwriting agreement and
(v) deliver such documents and certificates as may be reasonably requested by the Holders of a majority of the Registrable Securities being sold pursuant to such Registration Statement, their counsel and the managing underwriters, if
any, to evidence the continued validity of the representations and warranties made pursuant to Section 4(m)(i) above and to evidence compliance with any customary conditions contained in the

  
 17 

 
underwriting agreement or other agreement entered into by the Company. The above shall be done at each closing under such underwriting or similar agreement, or as and to the extent required
thereunder; 
 (n) make available for inspection by a representative of the selling Holders of Registrable
Securities, any underwriter participating in any such disposition of Registrable Securities, if any, and any attorneys or accountants retained by such selling Holders or underwriter, at the offices where normally kept, during reasonable business
hours, all financial and other records, pertinent corporate documents and properties of the Company and its Subsidiaries, and cause the officers, directors and employees of the Company and its Subsidiaries to supply all information in each case
reasonably requested by any such representative, underwriter, attorney or accountant in connection with such Registration Statement; provided, however, that any information that is not generally publicly available at the time of
delivery of such information shall be kept confidential by such Persons unless (i) disclosure of such information is required by court or administrative order, (ii) disclosure of such information, in the opinion of counsel to
such Person, is required by law or applicable legal process or (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by such Person. In the case of a proposed
disclosure pursuant to (i) or (ii) above, such Person shall be required to give the Company written notice of the proposed disclosure prior to such disclosure and, if requested by the Company, assist the Company in seeking to prevent or
limit the proposed disclosure. Without limiting the foregoing, no such information shall be used by such Person as the basis for any market transactions in securities of the Company or its Subsidiaries in violation of law; 

(o) cause its officers to use their reasonable best efforts to support the marketing of the Registrable Securities covered
by the Registration Statement (including, without limitation, participation in “road shows”); 
 (p)
cooperate with each seller of Registrable Securities and each underwriter or agent participating in the disposition of such Registrable Securities and their respective counsel in connection with any filings required to be made with the NASD; and

 (q) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the SEC,
and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months beginning with the first day of the Company’s first full calendar quarter after the effective
date of the Registration Statement, which earnings statement will satisfy the provisions of Section 11(a) of the U.S. Securities Act and Rule 158 thereunder. 

  
 18 

 The Company may require each Holder of Registrable Securities as to which any registration
is being effected to furnish to the Company in writing such information required in connection with such registration regarding such Holder and the distribution of such Registrable Securities as the Company may, from time to time, reasonably request
in writing and the Company may exclude from such registration the Registrable Securities of any Holder who unreasonably fails to furnish such information within a reasonable time after receiving such request. 

Each Holder of Registrable Securities agrees if such Holder has Registrable Securities covered by such Registration Statement that, upon
receipt of any notice from the Company of the happening of any event of the kind described in Section 4(c)(ii), 4(c)(iii), 4(c)(iv), 4(c)(v) or 4(c)(vi) hereof, such Holder will forthwith discontinue disposition of such Registrable Securities
covered by such Registration Statement or Prospectus until such Holder’s receipt of the copies of the supplemented or amended Prospectus contemplated by Section 4(j) hereof, or until it is advised in writing by the Company that the use of
the applicable Prospectus may be resumed, and has received copies of any additional or supplemental filings that are incorporated or deemed to be incorporated by reference in such Prospectus; provided, however, that the time periods
under Section 3 with respect to the length of time that the effectiveness of a Registration Statement must be maintained shall automatically be extended by the amount of time the Holder is required to discontinue disposition of such securities.

 5. Indemnification. 
 (a) Indemnification by the Company. The Company and each Guarantor shall, without limitation as to time, indemnify and hold harmless, to the fullest extent permitted by law, each Holder of
Registrable Securities whose Registrable Securities are covered by a Registration Statement or Prospectus, the officers, directors, partners, members, managers, shareholders, accountants, attorneys, agents and employees of each of them, each Person
who controls each such Holder (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) and the officers, directors, partners, members, managers, shareholders, accountants, attorneys, agents and employees
of each such controlling person, each underwriter, if any, and each Person who controls (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) such underwriter (each such person being referred to herein
as a “Covered Person”), from and against any and all losses, claims, damages, liabilities, costs (including, without limitation, costs of preparation and reasonable attorneys’ fees and any legal or other fees or expenses
incurred by such party in connection with any investigation or proceeding), expenses, judgments, fines, penalties, charges and amounts paid in settlement (collectively, “Losses”), as incurred, arising out of or based upon any untrue
statement (or alleged untrue statement) of a material fact contained in any Prospectus, offering circular, or other document (including any related Registration Statement, notification, or the like) incident to any such registration, qualification,
or compliance, or based on any 

  
 19 

 
omission (or alleged omission) to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, or any violation by the Company or any
Guarantor of the Securities Act, the Exchange Act, any state securities law, or any rule or regulation thereunder applicable to the Company or any Guarantor and relating to any action or inaction in connection with the related offering of
Registrable Securities (without limitation of the preceding portions of this Section 5(a)) and will reimburse each such Covered Person, for any legal and any other expenses reasonably incurred in connection with investigating and defending or
settling any such Loss, provided that neither the Company nor any Guarantor will not be liable in any such case to the extent that any such Loss arises out of or is based on any untrue statement or omission by such Covered Person, but only to
the extent, that such untrue statement (or alleged untrue statement) or omission (or alleged omission) is made in such Registration Statement, Prospectus, offering circular, or other document in reliance upon and in conformity with written
information furnished to the Company or any Guarantor by such Covered Person for use therein. It is agreed that the indemnity agreement contained in this Section 5(a) shall not apply to amounts paid in settlement of any such Loss or action if
such settlement is effected without the consent of the Company (which consent shall not be unreasonably withheld). 
 (b)
Indemnification by Holder of Registrable Securities. The Company may require, as a condition to including any Registrable Securities in any Registration Statement filed in accordance with Section 4 hereof, that the Company and the
Guarantors shall have received an undertaking reasonably satisfactory to it from the prospective seller of such Registrable Securities to indemnify, to the fullest extent permitted by law, severally and not jointly with any other Holders of
Registrable Securities, the Company , the Guarantors, their respective directors and officers and each Person who controls the Company or any of the Guarantors (within the meaning of Section 15 of the Securities Act and Section 20 of the
Exchange Act) and all other prospective sellers, from and against all Losses arising out of or based on any untrue statement of a material fact contained in any such Registration Statement, Prospectus, offering circular, or other document, or any
omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, and will (without limitation of the portions of this Section 5(b)) reimburse the Company, the Guarantors, such
directors, controlling persons and prospective sellers for any legal or any other expenses reasonably incurred in connection with investigating or defending any such Loss, in each case to the extent, but only to the extent, that such untrue
statement or omission is made in such Registration Statement, Prospectus, offering circular, or other document in reliance upon and in conformity with written information furnished to the Company or any Guarantor by such Holder with respect to
itself for inclusion in such Registration Statement, Prospectus, offering circular or other document; provided, however, that the obligations of such Holder hereunder shall not apply to amounts paid in settlement of any such Losses (or
actions in respect thereof) if such settlement is effected without the consent of such Holder (which consent shall not be unreasonably withheld); 

  
 20 

 
and provided, further, that the liability of such Holder of Registrable Securities shall be limited to the net proceeds received by such selling Holder from the sale of Registrable
Securities covered by such Registration Statement. 
 (c) Conduct of Indemnification Proceedings. If any Person shall be
entitled to indemnity hereunder (an “Indemnified Party”), such Indemnified Party shall give prompt notice to the party from which such indemnity is sought (the “Indemnifying Party”) of any claim or of the
commencement of any proceeding with respect to which such Indemnified Party seeks indemnification or contribution pursuant hereto; provided, however, that the delay or failure to so notify the Indemnifying Party shall not relieve the
Indemnifying Party from any obligation or liability except to the extent that the Indemnifying Party has been materially prejudiced by such delay or failure. The Indemnifying Party shall have the right, exercisable by giving written notice to an
Indemnified Party promptly after the receipt of written notice from such Indemnified Party of such claim or proceeding, to, unless in the Indemnified Party’s reasonable judgment a conflict of interest between such indemnified and indemnifying
parties may exist in respect of such claim, assume, at the Indemnifying Party’s expense, the defense of any such claim or proceeding, with counsel reasonably satisfactory to such Indemnified Party; provided, however, that an
Indemnified Party shall have the right to employ separate counsel in any such claim or proceeding and to participate in the defense thereof, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless:
(i) the Indemnifying Party agrees to pay such fees and expenses; or (ii) the Indemnifying Party fails promptly to assume, or in the event of a conflict of interest cannot assume, the defense of such claim or proceeding or
fails to employ counsel reasonably satisfactory to such Indemnified Party; in which case the Indemnified Party shall have the right to employ counsel and to assume the defense of such claim or proceeding at the Indemnifying Party’s expense;
provided, further, however, that the Indemnifying Party shall not, in connection with any one such claim or proceeding or separate but substantially similar or related claims or proceedings in the same jurisdiction, arising out
of the same general allegations or circumstances, be liable for the fees and expenses of more than one firm of attorneys (together with appropriate local counsel) at any time for all of the indemnified parties, or for fees and expenses that are not
reasonable. Whether or not such defense is assumed by the Indemnifying Party, such Indemnified Party will not be subject to any liability for any settlement made without its consent (but such consent will not be unreasonably withheld). The
Indemnifying Party shall not consent to entry of any judgment or enter into any settlement that (x) does not include as an unconditional term thereof the giving by the claimant or plaintiff to such Indemnified Party of a release, in form
and substance reasonably satisfactory to the Indemnified Party, from all liability in respect of such claim or litigation for which such Indemnified Party would be entitled to indemnification hereunder or (y) involves the imposition of
equitable remedies or the imposition of any obligations on the Indemnified Party or adversely affects such Indemnified Party other than as a result of financial obligations for which such Indemnified Party would be entitled to indemnification
hereunder. 

  
 21 

 (d) Contribution. If the indemnification provided for in this Section 5 is
unavailable to an Indemnified Party in respect of any Losses (other than in accordance with its terms), then each applicable Indemnifying Party, in lieu of indemnifying such Indemnified Party, shall contribute to the amount paid or payable by such
Indemnified Party as a result of such Losses, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party, on the one hand, and such Indemnified Party, on the other hand, in connection with the actions, statements or
omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party, on the one hand, and Indemnified Party, on the other hand, shall be determined by reference to, among other
things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material fact, has been made (or omitted) by, or relates to information supplied by, such
Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent any such action, statement or omission. 

The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by
pro rata allocation or by any other method of allocation that does not take account of the equitable considerations referred to in the immediately preceding paragraph. Notwithstanding the provisions of this Section 5(d), an Indemnifying
Party that is a selling Holder of Registrable Securities shall not be required to contribute any amount in excess of the amount that such Indemnifying Party has otherwise been, or would otherwise be, required to pay pursuant to Section 5(b) by
reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person
who was not guilty of such fraudulent misrepresentation. 
 Notwithstanding the foregoing, to the extent that the provisions on
indemnification and contribution contained in the underwriting agreement entered into in connection with the underwritten public offering are in conflict with the foregoing provisions, the provisions in the underwriting agreement shall control.

 (e) Other Indemnification. Indemnification similar to that specified in the preceding provisions of this
Section 5 (with appropriate modifications) shall be given by the Company, each Guarantor and each seller of Registrable Securities with respect to any required registration or other qualification of securities under any federal or state law or
regulation or governmental authority other than the Securities Act. 
 (f) Non-Exclusivity. The obligations of the
parties under this Section 5 shall be in addition to any liability which any party may otherwise have to any other party. 

  
 22 

 6. Registration Expenses. All reasonable fees and expenses incident to the
performance of or compliance with this Agreement by the Company or any Guarantor (including, without limitation, (i) all registration and filing fees (including, without limitation, fees and expenses (A) with respect to
filings required to be made with the NASD and (B) of compliance with securities or “Blue Sky” laws, including, without limitation, any fees and disbursements of counsel for the underwriters in connection with “Blue
Sky” qualifications of the Registrable Securities pursuant to Section 4(g), (ii) printing expenses (including, without limitation, expenses of printing certificates for Registrable Securities in a form eligible for deposit with
The Depository Trust Company and of printing Prospectuses if the printing of Prospectuses is requested by the managing underwriters, if any, or by the Holders of a majority of the Registrable Securities included in any Registration Statement),
(iii) messenger, telephone and delivery expenses of the Company or any Guarantor, (iv) fees and disbursements of counsel for the Company or any Guarantor, (v) expenses of the Company or any Guarantor incurred in
connection with any road show, (vi) fees and disbursements of all independent certified public accountants referred to in Section 4(m) hereof (including, without limitation, the expenses of any “cold comfort” letters
required by this Agreement) and any other persons, including special experts retained by the Company or any Guarantor, (vii) fees and disbursements of separate counsel for each of (x) the Initial Investors, and
(z) if none of the Initial Investors or their Affiliates is participating in the offering, one counsel for the Holders whose Registrable Securities are included in a Registration Statement, which counsel shall be selected by the Holders
of a majority of the Registrable Securities included in such Registration Statement), (viii) the fees and disbursements of the Person that will serve as trustee under the Exchange Notes Indenture (including fees and disbursements of such
Person’s counsel) and (ix) all fees and expenses incurred by the Company or any Guarantor in connections with the issuance and exchange of any Exchange Notes or Registered Exchange Notes (collectively, the “Registration
Expenses”) shall be borne by the Company whether or not any Registration Statement is filed or becomes effective. In addition, the Company and the Guarantors shall pay their internal expenses (including, without limitation, all salaries and
expenses of its officers and employees performing legal or accounting duties), the expense of any annual audit, the fees and expenses incurred in connection with the listing of the securities to be registered on any securities exchange on which
similar securities issued by the Company or any Guarantor are then listed and rating agency fees and the fees and expenses of any Person, including special experts, retained by the Company. 

Neither the Company nor any Guarantor shall be required to pay (i) fees and disbursements of any counsel retained by any
Holder of Registrable Securities or by any underwriter (except as set forth above in this Section 6), (ii) any underwriter’s fees (including discounts, commissions or fees of underwriters, selling brokers, dealer managers or
similar securities industry professionals) relating to the distribution of the Registrable Securities (other than with respect to Registrable Securities sold by the Company) or (iii) any other expenses of the Holders of Registrable
Securities not specifically required to be paid by the Company pursuant to the first paragraph of this Section 6. 

  
 23 

 7. Rule 144. The Company covenants that, to the extent it is required to do so, it
will file the reports required to be filed by it under the Securities Act and the Exchange Act and the rules and regulations adopted by the SEC thereunder (or, if the Company is not required to file such reports, it will, upon the request of any
Initial Investor (or any of its Permitted Transferees, make publicly available such information), and it will take such further action as any Holder of Registrable Securities (or, if the Company is not required to file reports as provided above, any
Initial Investor (or any of its Permitted Transferees) may reasonably request, all to the extent required from time to time to enable such Holder to sell Registrable Securities without registration under the Securities Act within the limitation of
the exemptions provided by (i) Rule 144 under the Securities Act, as such Rule may be amended from time to time, or (ii) any similar rule or regulation hereafter adopted by the SEC. Upon the request of any Holder of
Registrable Securities, the Company will deliver to such Holder a written statement as to whether it has complied with such requirements. 
 8. Miscellaneous. 
 (a) Termination. This Agreement will be
effective as of the date hereof and will continue in effect thereafter until the earliest of (a) its termination by the consent of all parties hereto or their respective successors in interest, (b) the date on which no
Registrable Securities remain outstanding and (c) the dissolution, liquidation or winding up of the Company, whereupon this Agreement shall terminate other than the provisions of Section 5, which shall survive any termination of
this Agreement. Nothing herein shall relieve any party from any liability for the breach of any of the agreements set forth in this Agreement. 
 (b) Amendments and Waivers. This Agreement may be amended, and the Company may take any action herein prohibited, or omit to perform any act herein required to be performed by it, only if any such
amendment, action or omission to act, has been approved by Noteholders holding in excess of 50% of the aggregate principal amount of the then outstanding Securities and such amendment has been unanimously approved by the Principal Investors,
provided that this Agreement may not be amended in a manner that would, by its terms, adversely affect the rights or obligations of any Noteholder which does not adversely affect the rights or obligations of all similarly situated Noteholders
in the same manner without the consent of such Noteholder. The failure of any party to enforce any of the provisions of this Agreement shall in no way be construed as a waiver of such provisions and shall not affect the right of such party
thereafter to enforce each and every provision of this Agreement in accordance with its terms. Any Noteholder may waive (in writing) the benefit of any provision of this Agreement with respect to itself for any purpose. Any such waiver shall
constitute a waiver only with respect to the specific matter described in such writing and shall in no way impair the rights of the Noteholder granting such waiver in any other respect or at any other time. 

  
 24 

 (c) Successors, Assigns and Transferees. This Agreement shall bind and inure to the
benefit of and be enforceable by the parties hereto and their respective successors and permitted assigns. In addition, and whether or not any express assignment shall have been made, the provisions of this Agreement which are for the benefit of the
parties hereto other than the Company shall also be for the benefit of and enforceable by any subsequent Noteholder and subsequent Holder of any Registrable Securities, subject to the provisions contained herein and the Noteholders Agreement.
Without limitation to the foregoing, in the event that a Noteholder or any of its successors or assigns or any other subsequent Holder of any Securities distributes or otherwise transfers any of the Securities to any of its present or future
shareholders, members, or general or limited partners, the Company hereby acknowledges that the exchange and registration rights granted pursuant to this Agreement shall be transferred to such shareholders, members or general or limited partners on
a pro rata basis, and that at or after the time of any such distribution or transfer, any such shareholder, member, general or limited partner or group of shareholders, members or general or limited partners may designate a Person to act on
its behalf in delivering any notices or making any requests hereunder. 
 (d) Notices. All notices and other
communications to be given to any party hereunder shall be sufficiently given for all purposes hereunder if in writing and delivered by hand, courier or overnight delivery service, or three days after being mailed by certified or registered mail,
return receipt requested, with appropriate postage prepaid, or when received in the form of a facsimile (receipt confirmation requested), and shall be directed to the address set forth below (or at such other address or facsimile number as such
party shall designate by like notice): 
  

	 	(i)	if to the Company, to: 

 HD
Supply, Inc. 
 3100 Cumberland Blvd 
 Suite 1480 
 Atlanta, GA 30339 

Attention: General Counsel 
 Fax: (770) 852-9466 

  
 25 

 with a copy (which shall not constitute notice) to: 

Debevoise & Plimpton LLP 
 919 Third Avenue 
 New York, New York 10022 

			
	Attention:	 	 Steve J. Slutzky
 Paul D.
Brusiloff, Esq.

 Fax: (212) 909-6836 
  

	 	(ii)	if to a Bain Investor, to: 

 c/o
Bain Capital Partners, LLC 
 John Hancock Tower 
 200 Clarendon Street 
 Boston, MA 02116 

Attention: Steve Zide 
 Fax: (617) 516-2010 
 with a copy (which shall not constitute notice) to:

 Ropes & Gray LLP 
 Prudential Tower, 800 Boylston Street 
 Boston, MA 02199-3600 

			
	Attention:	 	 Allen Alyson, Esq.
 Byung Choi,
Esq.

 Fax: (617) 951-7050 
  

	 	(iii)	if to a Carlyle Investor, to: 

c/o The Carlyle Group 
 1001 Pennsylvania Avenue, NW 
 Suite 220 South 

Washington, DC 20004-2505 
 Attention: Brian Bernasek 
 Fax: (202) 347-1818 

with a copy (which shall not constitute notice) to: 
 Paul Weiss Rifkind Wharton & Garrison LLP 
 1285 Avenue of the Americas

 New York, NY 10019-6064 
 Attention: Brad Okun, Esq. 
 Fax: (212) 757-3990 

  
 26 

	 	(iv)	if to a CD&R Investor, to: 

c/o Clayton, Dubilier & Rice, LLC 
 375 Park Avenue 
 18th Floor 

New York, New York 10152 
 Attention: Theresa Gore 
 Fax: (212) 407-5252 

with a copy (which shall not constitute notice) to: 
 Debevoise & Plimpton LLP 
 919 Third Avenue 

New York, New York 10022 

			
	Attention:	 	 Steve J. Slutzky, Esq.
 Paul D.
Brusiloff, Esq.

 Fax: (212) 909-6836 
  

	 	(v)	if to any other Noteholder, to the address of such other Noteholder as shown in the records of the applicable note registrar. 

(e) Further Assurances. At any time or from time to time after the date hereof, the parties agree to cooperate with each other,
and at the request of any other party, to execute and deliver any further instruments or documents and to take all such further action as the other party may reasonably request in order to evidence or effectuate the consummation of the transactions
contemplated hereby and to otherwise carry out the intent of the parties hereunder. 
 (f) Entire Agreement; No Third Party
Beneficiaries. This Agreement, together with the Noteholders Agreement and the Purchase and Exchange Agreement, constitute the entire agreement among the parties with respect to the subject matter of this Agreement and supersede any prior
discussions, correspondence, negotiation, proposed term sheet, agreement, understanding or agreement and there are no agreements, understandings, representations or warranties between the parties other than those set forth or referred to in this
Agreement, and, except as provided in Section 5 with respect to an Indemnified Party or Section 8(c), this Agreement is not intended to confer in or on behalf of any Person not a party to this Agreement (and their successors and assigns)
any rights, benefits, causes of action or remedies with respect to the subject matter or any provision hereof. 
 (g)
Governing Law; Jurisdiction and Forum; Waiver of Jury Trial. (i) This Agreement shall be governed by and construed in accordance with the laws of the State of New York applicable to contracts executed and to be performed wholly within
such State and without reference to the choice-of-law principles that would result in the application of the laws of a different jurisdiction. 

  
 27 

 (ii) Each party to this Agreement irrevocably submits to the jurisdiction of
the United States District Court for the Southern District of New York or any court of the State of New York located in such district in respect of any suit, action or other proceeding arising out of or relating to this Agreement, and hereby
irrevocably agrees that all claims in respect of such suit, action or proceeding may be heard and determined in such court. Each party to this Agreement hereby irrevocably waives, to the fullest extent that it may effectively do so, the defense of
an inconvenient forum to the maintenance of such suit, action or other proceeding. The parties further agree, to the extent permitted by law, that final and unappealable judgment against any of them in any suit, action or other proceeding
contemplated above shall be conclusive and may be enforced in any other jurisdiction within or outside the United States by suit on the judgment, a certified copy of which shall be conclusive evidence of the fact and amount of such judgment.

 (iii) EACH PARTY TO THIS AGREEMENT WAIVES TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM BROUGHT BY
ANY OF THEM AGAINST THE OTHER ARISING OUT OF OR IN ANY WAY CONNECTED WITH THIS AGREEMENT, OR ANY OTHER AGREEMENTS EXECUTED IN CONNECTION HEREWITH OR THE ADMINISTRATION THEREOF OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREIN OR THEREIN. NO PARTY TO
THIS AGREEMENT SHALL SEEK A JURY TRIAL IN ANY LAWSUIT, PROCEEDING, COUNTERCLAIM OR ANY OTHER LITIGATION PROCEDURE BASED UPON, OR ARISING OUT OF, THIS AGREEMENT OR ANY RELATED INSTRUMENTS OR THE RELATIONSHIP BETWEEN THE PARTIES. NO PARTY WILL SEEK TO
CONSOLIDATE ANY SUCH ACTION IN WHICH A JURY TRIAL HAS BEEN WAIVED WITH ANY OTHER ACTION IN WHICH A JURY TRIAL CANNOT BE OR HAS NOT BEEN WAIVED. EACH PARTY TO THIS AGREEMENT CERTIFIES THAT IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT OR
INSTRUMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS SET FORTH ABOVE IN THIS SECTION 8(g). NO PARTY HAS IN ANY WAY AGREED WITH OR REPRESENTED TO ANY OTHER PARTY THAT THE PROVISIONS OF THIS SECTION WILL NOT BE FULLY ENFORCED
IN ALL INSTANCES. 
 (h) Severability. If any term, provision, covenant or restriction of this Agreement is held by a
court of competent jurisdiction or other authority to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions 

  
 28 

 
of this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated so long as the economic or legal substance of the transactions contemplated hereby
is not affected in any manner materially adverse to any party hereto. Upon such a determination, the parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in a
mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the fullest extent possible. 
 (i) Enforcement. Each party hereto acknowledges that money damages would not be an adequate remedy in the event that any of the covenants or agreements in this Agreement are not performed in
accordance with its terms, and it is therefore agreed that in addition to and without limiting any other remedy or right it may have, the non-breaching party will have the right to an injunction, temporary restraining order or other equitable relief
in any court of competent jurisdiction enjoining any such breach and enforcing specifically the terms and provisions hereof. 

(j) Titles and Subtitles. The titles of the sections and subsections of this Agreement are for convenience of reference only and
will not affect the meaning or interpretation of this Agreement. 
 (k) No Recourse. Notwithstanding anything that may be
expressed or implied in this Agreement, the Company and each Noteholder covenant, agree and acknowledge that no recourse under this Agreement or any documents or instruments delivered in connection with this Agreement shall be had against any
current or future director, officer, employee, shareholder, general or limited partner or member of any Noteholder or of any Affiliate or assignee thereof, whether by the enforcement of any assessment or by any legal or equitable proceeding, or by
virtue of any statute, regulation or other applicable law, it being expressly agreed and acknowledged that no personal liability whatsoever shall attach to, be imposed on or otherwise be incurred by any current or future director, officer, employee,
shareholder, general or limited partner or member of any Noteholder or of any Affiliate or assignee thereof, as such for any obligation of any Noteholder under this Agreement or any documents or instruments delivered in connection with this
Agreement for any claim based on, in respect of or by reason of such obligations or their creation. 
 (l) Counterparts;
Facsimile Signatures. This Agreement may be executed in any number of counterparts, each of which shall be an original, but all of which together shall constitute one instrument. This Agreement may be executed by facsimile signature(s) or any
other electronic means. 
 (n) Aggregation. In the event that in connection with any underwritten offering, the
underwriter of such offering requests a reduction in the number of Registrable Securities to be sold in accordance with Sections 3(d) or 3(f)(ii), any Initial Investor shall be entitled by written notice to the Company to allocate among the Initial

  
 29 

 
Investor and each other Holder that is a Permitted Transferee of such Initial Investor or its Affiliates (collectively, the “Principal Investor Group”) the aggregate number of
Registrable Securities which may be sold following such reduction by such Principal Investor Group. 
 IN WITNESS WHEREOF, each
of the undersigned has executed this Agreement or caused this Agreement to be duly executed on its behalf as of the date first written above. 
 [Remainder of page intentionally left blank.] 

  
 30 

 
					
	Very truly yours,
	
	HD SUPPLY, INC.
		
	By:	 	 /s/ Vidya Chauhan

		 	Name:	 	Vidya Chauhan
		 	Title:	 	Senior Vice President, Strategic Business Development

  
 [Signature
Page to Senior Notes Registration Rights Agreement] 

 
					
	BRAFASCO HOLDINGS II, INC.
	BRAFASCO HOLDINGS, INC.
	COX LUMBER CO.
	CREATIVE TOUCH INTERIORS, INC.
	 HD SUPPLY CONSTRUCTION SUPPLY GROUP, INC.

	 HD SUPPLY FACILITIES MAINTENANCE GROUP, INC.

	 HD SUPPLY FASTENERS & TOOLS, INC.

	 HD SUPPLY GP & MANAGEMENT, INC.
 HD SUPPLY MANAGEMENT, INC.

	HD SUPPLY UTILITIES GROUP, INC.
	 HD SUPPLY WATERWORKS GROUP, INC.

	HSI IP, INC.
	SUNBELT SUPPLY CANADA, INC.
	 WHITE CAP CONSTRUCTION SUPPLY, INC.

		
	By:	 	 /s/ Vidya Chauhan

		 	Name:	 	Vidya Chauhan
		 	Title:	 	Vice President

  
 [Signature
Page to Senior Notes Registration Rights Agreement] 

 
					
	HD BUILDER SOLUTIONS GROUP, LLC
		
	By:	 	 /s/ Vidya Chauhan

		 	Name:	 	Vidya Chauhan
		 	Title:	 	Vice President
	
	HD SUPPLY DISTRIBUTION SERVICES, LLC
		
	By:	 	 /s/ Vidya Chauhan

		 	Name:	 	Vidya Chauhan
		 	Title:	 	Vice President
	
	HD SUPPLY REPAIR & REMODEL, LLC
		
	By:	 	 /s/ Vidya Chauhan

		 	Name:	 	Vidya Chauhan
		 	Title:	 	Vice President
	
	WILLIAMS BROS. LUMBER COMPANY, LLC
		
	By:	 	 /s/ Vidya Chauhan

		 	Name:	 	Vidya Chauhan
		 	Title:	 	Vice President

  
 [Signature
Page to Senior Notes Registration Rights Agreement] 

 
					
	HD SUPPLY CONSTRUCTION SUPPLY, LTD.
	By: HD Supply GP & Management, Inc., its general partner
		
	By:	 	 /s/ Vidya Chauhan

		 	Name:	 	Vidya Chauhan
		 	Title:	 	Vice President
	
	HD SUPPLY ELECTRICAL, LTD.
	By: HD Supply GP & Management, Inc., its general partner
		
	By:	 	 /s/ Vidya Chauhan

		 	Name:	 	Vidya Chauhan
		 	Title:	 	Vice President
	
	HD SUPPLY FACILITIES MAINTENANCE, LTD.
	By: HD Supply GP & Management, Inc., its general partner
		
	By:	 	 /s/ Vidya Chauhan

		 	Name:	 	Vidya Chauhan
		 	Title:	 	Vice President
	
	HD SUPPLY HOLDINGS, LLC
		
	By:	 	 /s/ Vidya Chauhan

		 	Name:	 	Vidya Chauhan
		 	Title:	 	Vice President

  
 [Signature
Page to Senior Notes Registration Rights Agreement] 

 
					
	HD SUPPLY UTILITIES, LTD.
	By: HD Supply GP & Management, Inc., its general partner
		
	By:	 	 /s/ Vidya Chauhan

		 	Name:	 	Vidya Chauhan
		 	Title:	 	Vice President
	
	HD SUPPLY WATERWORKS, LTD.
	By: HD Supply GP & Management, Inc., its general partner
		
	By:	 	 /s/ Vidya Chauhan

		 	Name:	 	Vidya Chauhan
		 	Title:	 	Vice President
	
	MADISON CORNER, LLC
	By: Cox Lumber Co., its managing member
		
	By:	 	 /s/ Vidya Chauhan

		 	Name:	 	Vidya Chauhan
		 	Title:	 	Vice President
	
	PARK-EMP, LLC
	By: Cox Lumber Co., its managing member
		
	By:	 	 /s/ Vidya Chauhan

		 	Name:	 	Vidya Chauhan
		 	Title:	 	Vice President

  
 [Signature
Page to Senior Notes Registration Rights Agreement] 

 
					
	HD SUPPLY SUPPORT SERVICES, INC.
		
	By:	 	 /s/ Katherine Boelte

		 	Name:	 	Katherine Boelte
		 	Title:	 	Vice President
	
	PROVALUE, LLC
	By: HD Supply Support Services, Inc., its managing member
		
	By:	 	 /s/ Katherine Boelte

		 	Name:	 	Katherine Boelte
		 	Title:	 	Vice President

  
 [Signature
Page to Senior Notes Registration Rights Agreement] 

 
					
	HDS IP HOLDING, LLC
		
	By:	 	 /s/ Ricardo Nunez

		 	Name:	 	Ricardo Nunez
		 	Title:	 	Vice President

  
 [Signature
Page to Senior Notes Registration Rights Agreement] 

 
			
	HD SUPPLY DISTRIBUTION SERVICES, LLC
	
	By: HD SUPPLY GP & MANAGEMENT, INC., as Manager
		
	By:	 	 /s/ Ricardo Nunez

	Name: Ricardo Nunez
	Title:   Secretary

					
	H 2008-3 CAYMAN PARTNERS, L.P.
		
	By:	 	H 2008-3 Cayman GP, Ltd., as General Partner of H 2008-3 Cayman Partners, L.P.
		
	By:	 	 /s/ Stephen Zide

		 	Name:	 	Stephen Zide
		 	Title:	 	Director

  
 [Signature
Page to Exchange and Registration Rights Agreement] 

 
					
	By: PQ/HDS CAYMAN PARTNERS, L.P.
		
	By:	 	 /s/ Jeremy W. Andersen

		 	Name:	 	Jeremy W. Andersen
		 	Title:	 	Authorized Person
	
	By: PQ/HDS CAYMAN PARTNERS-A, L.P.
		
	By:	 	 /s/ Jeremy W. Andersen

		 	Name:	 	Jeremy W. Andersen
		 	Title:	 	Authorized Person

 
					
	CLAYTON, DUBILIER & RICE FUND VII, L.P.
	
	By: CD&R Associates VII, Ltd., its general partner
		
	By:	 	 /s/ Theresa A. Gore

		 	Name:	 	Theresa A. Gore
		 	Title:	 	Vice President, Treasurer & Assistant Secretary
	
	CD&R PARALLEL FUND VII, L.P.
		
	By:	 	CD&R Parallel Fund Associates VII, Ltd.,
		 	its general partner
		
	By:	 	 /s/ Theresa A. Gore

		 	Name	 	Theresa A. Gore
		 	Title:	 	Vice President, Treasurer & Assistant Secretary
	
	CLAYTON, DUBILIER & RICE FUND VII (CO-INVESTMENT), L.P.
	
	By: CD&R Associates VII (Co-Investment), Ltd., its general partner
		
	By:	 	 /s/ Theresa A. Gore

		 	Name:	 	Theresa A. Gore
		 	Title:	 	Vice President, Treasurer & Assistant Secretary

  
 [Signature
Page to Exchange and Registration Rights Agreement]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00205-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00205-of-00352.parquet"}]]