Document:

U.S. Guarantee and Collateral Agreement

 Exhibit 10.13 
 EXECUTION VERSION 
  
  
  
  
 U.S. GUARANTEE AND COLLATERAL AGREEMENT 
  
 made by 
 HD SUPPLY, INC., 
 and the Subsidiary Guarantors, 
 in favor of 
 MERRILL LYNCH CAPITAL, a division of 
 MERRILL LYNCH BUSINESS FINANCIAL SERVICES INC., 
 as U.S. ABL Administrative Agent and as U.S. ABL Collateral Agent 
 Dated as of August 30, 2007 
  
  
  

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
			
	SECTION 1	  	DEFINED TERMS	  	2
	1.1  	  	Definitions	  	2
	1.2  	  	Other Definitional Provisions	  	11
			
	SECTION 2	  	GUARANTEE	  	11
	2.1  	  	Guarantee	  	11
	2.2  	  	Right of Contribution	  	12
	2.3  	  	No Subrogation	  	12
	2.4  	  	Amendments, etc. with Respect to the Obligations	  	13
	2.5  	  	Guarantee Absolute and Unconditional	  	13
	2.6  	  	Reinstatement	  	14
	2.7  	  	Payments	  	15
			
	SECTION 3	  	GRANT OF SECURITY INTEREST	  	15
	3.1  	  	Grant	  	15
	3.2  	  	Pledged Collateral	  	16
	3.3  	  	Certain Exceptions	  	16
	3.4  	  	Intercreditor Relations	  	18
			
	SECTION 4	  	REPRESENTATIONS AND WARRANTIES	  	18
	4.1  	  	Representations and Warranties of Each Guarantor	  	18
	4.2  	  	Representations and Warranties of Each Grantor	  	19
	4.3  	  	Representations and Warranties of Each Pledgor	  	21
			
	SECTION 5	  	COVENANTS	  	23
	5.1  	  	Covenants of Each Guarantor	  	23
	5.2  	  	Covenants of Each Grantor	  	23
	5.3  	  	Covenants of Each Pledgor	  	26
			
	SECTION 6	  	REMEDIAL PROVISIONS	  	27
	6.1  	  	Certain Matters Relating to Accounts	  	27
	6.2  	  	Communications with Obligors; Granting Parties Remain Liable	  	29
	6.3  	  	Pledged Stock	  	29
	6.4  	  	Proceeds To Be Turned Over to the U.S. ABL Collateral Agent	  	30
	6.5  	  	Application of Proceeds	  	31
	6.6  	  	Code and Other Remedies	  	31
	6.7  	  	Registration Rights	  	32
	6.8  	  	Waiver; Deficiency	  	33
			
	SECTION 7	  	THE U.S. ABL COLLATERAL AGENT	  	33
	7.1  	  	U.S. ABL Collateral Agent’s Appointment as Attorney-in-Fact, etc.	  	33
	7.2  	  	Duty of U.S. ABL Collateral Agent	  	34
	7.3  	  	Financing Statements	  	35
	7.4  	  	Authority of U.S. ABL Collateral Agent	  	35
	7.5  	  	Right of Inspection	  	35

  

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	 	  	 	  	Page
			
	SECTION 8	  	NON-LENDER SECURED PARTIES	  	35
	8.1  	  	Rights to Collateral	  	35
	8.2  	  	Appointment of Agent	  	36
	8.3  	  	Waiver of Claims	  	37
			
	SECTION 9	  	MISCELLANEOUS	  	37
	9.1  	  	Amendments in Writing	  	37
	9.2  	  	Notices	  	37
	9.3  	  	No Waiver by Course of Conduct; Cumulative Remedies	  	38
	9.4  	  	Enforcement Expenses; Indemnification	  	38
	9.5  	  	Successors and Assigns	  	38
	9.6  	  	Set-Off	  	38
	9.7  	  	Counterparts	  	39
	9.8  	  	Severability	  	39
	9.9  	  	Section Headings	  	39
	9.10	  	Integration	  	39
	9.11	  	GOVERNING LAW	  	39
	9.12	  	Submission to Jurisdiction; Waivers	  	40
	9.13	  	Acknowledgments	  	40
	9.14	  	WAIVER OF JURY TRIAL	  	40
	9.15	  	Additional Granting Parties	  	40
	9.16	  	Releases	  	41
	9.17	  	Judgment	  	42

 SCHEDULES 
  

	1	Notice Addresses of Guarantors 

	2	Pledged Securities 

	3	Perfection Matters 

	4	Location of Jurisdiction of Organization 

	5	Intellectual Property 

	6	Contracts 

 ANNEXES 
  

	1	Acknowledgment and Consent of Issuers who are not Granting Parties 

	2	Assumption Agreement 

	3	Supplemental Agreement 

  

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 U.S. GUARANTEE AND COLLATERAL AGREEMENT 
 U.S. GUARANTEE AND COLLATERAL AGREEMENT, dated as of August 30, 2007, made by HD SUPPLY, INC., a Texas corporation, in its specific capacity as
Parent Borrower, together with its successors and assigns, the “Parent Borrower”), and certain Subsidiaries of the Parent Borrower that are signatories hereto (the “Subsidiary Borrowers”; and the Parent Borrower and
the Subsidiary Borrowers, the “U.S. ABL Borrowers”), in favor of MERRILL LYNCH CAPITAL, a division of MERRILL LYNCH BUSINESS FINANCIAL SERVICES INC., as collateral agent (in such capacity, the “U.S. ABL Collateral
Agent”) and administrative agent (in such capacity, the “U.S. ABL Administrative Agent”) for the banks and other financial institutions (collectively, the “U.S. ABL Lenders”; individually, a “U.S.
ABL Lender”) from time to time parties to the ABL Credit Agreement described below. 
 W I T N E S S E T H: 
 WHEREAS, pursuant to that certain ABL Credit Agreement, dated as of the date hereof (as amended, amended and restated, waived, supplemented or otherwise
modified from time to time, together with any agreement extending the maturity of, or restructuring, refunding, refinancing or increasing the Indebtedness under such agreement or any successor agreements, the “ABL Credit
Agreement”), among the Parent Borrower (as successor by merger to HDS Acquisition Subsidiary, Inc., a Delaware corporation (“Acquisition Corp.”), Merrill Lynch Capital Canada Inc., as Canadian administrative agent (in such
capacity, the “Canadian Agent”) and Canadian collateral agent (in such capacity, the “Canadian Collateral Agent”), and the other parties party thereto, the U.S. ABL Lenders have severally agreed to make extensions
of credit to the U.S. ABL Borrowers upon the terms and subject to the conditions set forth therein; 
 WHEREAS, pursuant to that certain
Credit Agreement, dated as of the date hereof (as amended, amended and restated, waived, supplemented or otherwise modified from time to time, together with any agreement extending the maturity of, or restructuring, refunding, refinancing or
increasing the Indebtedness under such agreement or any successor agreements, the “Cash Flow Credit Agreement”), among HD Supply, Inc. (in its specific capacity as Cash Flow Borrower, the “Cash Flow Borrower”), the
several banks and other financial institutions from time to time parties thereto (as further defined in the Cash Flow Credit Agreement, the “Cash Flow Lenders”), Merrill Lynch Capital, a division of Merrill Lynch Business Financial
Services Inc., as administrative agent (in such capacity, the “Cash Flow Administrative Agent”) and collateral agent (in such capacity, the “Cash Flow Collateral Agent”) for the Cash Flow Lenders, and the other
parties party thereto, the Cash Flow Lenders have severally agreed to make extensions of credit to the Cash Flow Borrower upon the terms and subject to the conditions set forth therein; 
 WHEREAS, pursuant to that certain Guarantee and Collateral Agreement, dated as of the date hereof (as amended, amended and restated, waived, supplemented
or otherwise modified from time to time, the “Cash Flow Guarantee and Collateral Agreement”), among the Cash Flow Borrower, certain of its subsidiaries, the Cash Flow Administrative Agent and the Cash Flow Collateral Agent, the Cash
Flow Borrower and such subsidiaries have granted a first priority Lien (capitalized terms that are used in these recitals and not defined herein are used as defined in subsection 1.1) to the Cash Flow Collateral Agent for the benefit of the
Secured Parties (as defined therein) on the Cash Flow Facilities Priority Collateral (as defined herein) and a second priority Lien) for the benefit of the holders of the Cash Flow Obligations on the ABL Priority Collateral (as defined herein);

 WHEREAS, the Borrowers are members of an affiliated group of companies that includes HDS Holding Corporation (“Holding”),
the Parent Borrower, the Subsidiary Borrowers, the Parent Borrower’s other Domestic Subsidiaries that are party hereto and any other Domestic Subsidiaries of the Parent Borrower 

 
(other than any Excluded Subsidiary) that becomes a party hereto from time to time after the date hereof (all of the foregoing (other than any Excluded
Subsidiary and any Canadian Borrower (each as defined in the ABL Credit Agreement)) collectively, the “Granting Parties”); 
 WHEREAS, the Cash Flow Collateral Agent, the Cash Flow Administrative Agent, the U.S. ABL Collateral Agent and the U.S. ABL Administrative Agent have entered into an Intercreditor Agreement, acknowledged by the Parent Borrower, HDS Holding
Corporation and the Granting Parties, dated as of the date hereof (as amended, amended and restated, waived, supplemented or otherwise modified from time to time subject to subsection 9.1 hereof, the “Intercreditor Agreement”);

 WHEREAS, the Parent Borrower and the other Granting Parties are engaged in related businesses, and each such Granting Party will derive
substantial direct and indirect benefit from the making of the extensions of credit under the Cash Flow Credit Agreement and the ABL Credit Agreement; and 
 WHEREAS, it is a condition to the obligation of the U.S. ABL Lenders to make their respective extensions of credit under the ABL Credit Agreement that the Granting Parties shall execute and deliver this Agreement to
the U.S. ABL Collateral Agent for the benefit of the Secured Parties. 
 NOW, THEREFORE, in consideration of the premises and to induce the
U.S. ABL Administrative Agent, the U.S. ABL Collateral Agent and the U.S. ABL Lenders to enter into the ABL Credit Agreement and to induce the U.S. ABL Lenders to make their respective extensions of credit to the Borrowers thereunder, and in
consideration of the receipt of other valuable consideration (which receipt is hereby acknowledged), each Granting Party hereby agrees with the U.S. ABL Administrative Agent and the U.S. ABL Collateral Agent, for the ratable benefit of the Secured
Parties (as defined below), as follows: 
 SECTION 1    DEFINED TERMS 
 1,1     Definitions. 
 (a)      Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement, and the following terms that
are defined in the Code (as in effect on the date hereof) are used herein as so defined: Chattel Paper, Deposit Accounts, Documents, Electronic Chattel Paper, Equipment, Farm Products, Fixtures, General Intangibles, Money, Promissory Notes, Records,
Securities Accounts and Supporting Obligations. 
 (b)      The following terms shall have the following
meanings: 
 “ABL Accounts Collateral”: all Collateral consisting of the following: 
   (1)      the Concentration Account and all Accounts Receivable; 
   (2)      to the extent involving or governing any of the items referred to in the preceding
clause (1), all Documents, General Intangibles (other than Intellectual Property) and Instruments (including, without limitation, Promissory Notes); provided that to the extent any of the foregoing also relates to Cash Flow Facilities
Priority Collateral, only that portion related to the items referred to in the preceding clause (1) shall be included in the ABL Accounts Collateral; 
   (3)      to the extent evidencing or governing any of the items referred to in the preceding clauses (1) and (2), all Supporting Obligations; provided that to the
extent any of the foregoing also relates to Cash Flow Facilities Priority Collateral, only that portion related to the items referred to in the preceding clauses (1) and (2) shall be included in the ABL Accounts Collateral; 
  

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   (4)      all books and Records relating to the
foregoing (including without limitation all books, databases, customer lists and Records, whether tangible or electronic, which contain any information relating to any of the foregoing); and 
   (5)       all collateral security and guarantees with respect to any of the foregoing and all
cash, Money, instruments, Chattel Paper, insurance proceeds, investment property, securities and financial assets directly received as proceeds of any ABL Accounts Collateral (“ABL Accounts Proceeds”); provided,
however, that no proceeds of ABL Accounts Proceeds will constitute ABL Accounts Collateral unless such proceeds of ABL Accounts Proceeds would otherwise constitute ABL Accounts Collateral. 
 For the avoidance of doubt, under no circumstances shall Excluded Assets be ABL Accounts Collateral. 
 “ABL Accounts Proceeds”: as defined in the definition of “ABL Accounts Collateral”. 
 “ABL Credit Agreement”: as defined in the recitals hereto. 
 “ABL Obligations”: as defined in the Intercreditor Agreement. 
 “ABL Priority Collateral”: all Collateral consisting of the following: 
   (1)      all Inventory; 
   (2)      all ABL Accounts Collateral; 
   (3)      to the extent involving or governing any of the items referred to in the preceding
clauses (1) and (2), all Documents, General Intangibles (other than Intellectual Property) and Instruments (including, without limitation, Promissory Notes); provided that to the extent any of the foregoing also relates to Cash Flow
Facilities Priority Collateral, only that portion related to the items referred to in the preceding clauses (1) and (2) shall be included in the ABL Priority Collateral; 
   (4)      to the extent evidencing or governing any of the items referred to in the preceding
clauses (1) through (3), all Supporting Obligations; provided that to the extent any of the foregoing also relates to Cash Flow Facilities Priority Collateral, only that portion related to the items referred to in the preceding clauses
(1) through (3) shall be included in the ABL Priority Collateral; 
   (5)      all books and Records relating to the foregoing (including without limitation all books, databases, customer lists and Records, whether tangible or electronic, which contain any information
relating to any of the foregoing); and 
   (6)      all collateral security and
guarantees with respect to any of the foregoing and all cash, Money, instruments, Chattel Paper, insurance proceeds, investment property, securities and financial assets directly received as proceeds of any ABL Priority Collateral (“ABL
Priority Proceeds”); provided, however, that no proceeds of ABL Priority Proceeds will constitute ABL Priority Collateral unless such proceeds of ABL Priority Proceeds would otherwise constitute ABL Priority Collateral.

  

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 For the avoidance of doubt, under no circumstances shall Excluded Assets be ABL Priority Collateral.

 “ABL Priority Proceeds”: as defined in the definition of “ABL Priority Collateral.” 
 “Accounts”: all accounts (as defined in the Code) of each Grantor, including, without limitation, all Accounts (as defined in the Credit
Agreement) and Accounts Receivable of such Grantor, but excluding in any event all Accounts that have been sold or otherwise transferred (and not transferred back to a Grantor) in connection with a Special Purpose Financing. 
 “Accounts Receivable”: any right to payment for goods sold or leased or for services rendered, which is not evidenced by an instrument
(as defined in the Code) or Chattel Paper. 
 “Acquisition Corp.”: as defined in the recitals hereto. 
 “Additional Agent”: as defined in the Intercreditor Agreement. 
 “Adjusted Net Worth”: of any Guarantor at any time, shall mean the greater of (x) $0 and (y) the amount by which the fair
saleable value of such Guarantor’s assets on the date of the respective payment hereunder exceeds its debts and other liabilities (including contingent liabilities, but without giving effect to any of its obligations under this Agreement or any
other Loan Document, the ABL Credit Agreement or any Loan Document or pursuant to its guarantee with respect to any Indebtedness then outstanding under the Senior Interim Loan Facility or the Senior Subordinated Interim Loan Facility) on such date.

 “Administrative Agent”: as defined in the preamble hereto. 
 “Agreement”: this U.S. Guarantee and Collateral Agreement, as the same may be amended, restated, supplemented, waived or otherwise
modified from time to time. 
 “Applicable Law”: as defined in subsection 9.8 hereof. 
 “Asset Sales Proceeds Account”: one or more Deposit Accounts or Securities Accounts holding only the proceeds of any sale or disposition
of any Cash Flow Facilities Priority Collateral and the proceeds of investment thereof. 
 “Bank Products Agreement”: any
agreement pursuant to which a bank or other financial institution agrees to provide treasury or cash management services (including, without limitation, controlled disbursements, automated clearinghouse transactions, return items, netting,
overdrafts and interstate depository network services). 
 “Bankruptcy Case”: (i) the Parent Borrower or any of its
Subsidiaries commencing any case, proceeding or other action (A) under any existing or future law of any jurisdiction, domestic or foreign, relating to bankruptcy, insolvency, reorganization, conservatorship or relief of debtors, seeking to
have an order for relief entered with respect to it, or seeking to adjudicate it a bankrupt or insolvent, or seeking reorganization, arrangement, adjustment, winding-up, liquidation, dissolution, composition or other relief with respect to it or its
debts, or (B) seeking appointment of a receiver, trustee, custodian, conservator or other similar official for it or for all or any substantial part of its assets, or the Parent Borrower, or any of its Subsidiaries making a general assignment
for the benefit of its creditors; or (ii) there being commenced 

  

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against the Parent Borrower or any of its Subsidiaries any case, proceeding or other action of a nature referred to in clause (i) above which
(A) results in the entry of an order for relief or any such adjudication or appointment or (B) remains undismissed, undischarged or unbonded for a period of 60 days. 
 “Bankruptcy Code”: Title 11 of the United States Code. 
 “Borrowers”: as defined in the ABL Credit Agreement. 
 “Borrower
Obligations”: with respect to any Borrower, the collective reference to: all obligations and liabilities of such Borrower in respect of the unpaid principal of and interest on (including, without limitation, interest accruing after the
maturity of the Loans and interest accruing after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to such Borrower, whether or not a claim for post-filing or post-petition
interest is allowed in such proceeding) the Loans, and all other obligations and liabilities of such Borrower to the Secured Parties, whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred,
which may arise under, out of, or in connection with, the ABL Credit Agreement, the Loans, the Letters of Credit, the other Loan Documents, any Interest Rate Agreement, Currency Agreement, Commodities Agreement or Bank Products Agreement entered
into with any Person that was at the time of entry into such agreement a Lender or an affiliate of any Lender, any Specified Bank Products Agreements, any Indebtedness of any Borrower or any of its Subsidiaries in respect of Management Guarantees as
to which any Secured Party is a beneficiary, in each case whether on account of (i) principal, interest, reimbursement obligations, fees, indemnities, costs, expenses or otherwise (including, without limitation, all reasonable fees, expenses
and disbursements of counsel to the Administrative Agent or any other Secured Party that are required to be paid by such Borrower pursuant to the terms of the ABL Credit Agreement or any other Loan Document), (ii) amounts payable in connection
with the provision of services or (iii) a termination of any transaction entered into pursuant to any such Interest Rate Agreement, Currency Agreement, Commodities Agreement or Bank Products Agreement. 
 “Canadian Agent”: as defined the recitals hereto. 
 “Cash Flow Administrative Agent”: as defined in the recitals hereto. 
 “Cash Flow
Borrower”: as defined in the recitals hereto. 
 “Cash Flow Collateral Agent”: as defined in the recitals hereto.

 “Cash Flow Credit Agreement”: as defined in the recitals hereto. 
 “Cash Flow Facilities Priority Collateral”: all Security Collateral other than ABL Priority Collateral and all collateral security and
guarantees with respect to any Cash Flow Facilities Priority Collateral and all cash, money, instruments, securities and financial assets directly received as proceeds of any Cash Flow Facilities Priority Collateral; provided, however,
no proceeds of proceeds will constitute Cash Flow Facilities Priority Collateral unless such proceeds of proceeds would otherwise constitute Cash Flow Facilities Priority Collateral or are credited to the Asset Sales Proceeds Account. For the
avoidance of doubt, under no circumstances shall Excluded Assets be Cash Flow Facilities Priority Collateral. 
 “Cash Flow Guarantee
and Collateral Agreement”: as defined in the recitals hereto. 
 “Code”: the Uniform Commercial Code as from time
to time in effect in the State of New York. 
  

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 “Collateral”: as defined in Section 3 hereof; provided that, for purposes of
subsection 6.5 and Section 8, “Collateral” shall have the meaning assigned to such term in the Credit Agreement. 
 “Collateral Account Bank”: Merrill Lynch Capital , a division of Merrill Lynch Business Financial Services Inc., an Affiliate thereof or another bank which at all times is a Lender as selected by the relevant Grantor and
consented to in writing by the U.S. ABL Collateral Agent (such consent not to be unreasonably withheld or delayed). 
 “Collateral
Proceeds Account”: a non-interest bearing cash collateral account established and maintained by the relevant Grantor at an office of the Collateral Account Bank in the name, and in the sole dominion and control of, the U.S. ABL Collateral
Agent for the benefit of the Secured Parties. 
 “Commitment”: as defined in the ABL Credit Agreement. 
 “Concentration Account”: as defined in the ABL Credit Agreement. 
 “Contracts”: with respect to any Grantor, all contracts, agreements, instruments and indentures in any form and portions thereof (except
for contracts listed on Schedule 6 hereto), to which such Grantor is a party or under which such Grantor or any property of such Grantor is subject, as the same may from time to time be amended, supplemented, waived or otherwise modified,
including, without limitation, (i) all rights of such Grantor to receive moneys due and to become due to it thereunder or in connection therewith, (ii) all rights of such Grantor to damages arising thereunder and (iii) all rights of
such Grantor to perform and to exercise all remedies thereunder. 
 “Copyright Licenses”: with respect to any Grantor, all
United States written license agreements of such Grantor providing for the grant by or to such Grantor of any right under any United States copyright of such Grantor, other than agreements with any Person that is an Affiliate or a Subsidiary of the
Parent Borrower or such Grantor, including, without limitation, any license agreements listed on Schedule 5 hereto, subject, in each case, to the terms of such license agreements, and the right to prepare for sale, sell and advertise for
sale, all Inventory now or hereafter covered by such licenses. 
 “Copyrights”: with respect to any Grantor, all of such
Grantor’s right, title and interest in and to all United States copyrights, whether or not the underlying works of authorship have been published or registered, all United States copyright registrations and copyright applications, including,
without limitation, any copyright registrations and copyright applications listed on Schedule 5 hereto, and (i) all renewals thereof, (ii) all income, royalties, damages and payments now and hereafter due and/or payable with respect
thereto, including, without limitation, payments under all licenses entered into in connection therewith, and damages and payments for past or future infringements thereof and (iii) the right to sue or otherwise recover for past, present and
future infringements and misappropriations thereof. 
 “Excluded Assets”: as defined in subsection 3.3. 
 “Filings”: as defined in subsection 4.2.2. 
 “Financing Statements”: as defined in subsection 4.2.2. 
 “first
priority”: with respect to any Lien purported to be created by this Agreement, that such Lien is the most senior Lien to which such Collateral is subject (subject to Permitted Liens). 
 “Foreign Intellectual Property”: all non-U.S. Intellectual Property. 
  

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 “General Fund Account”: the general fund account of the relevant Grantor established at
the same office of the Collateral Account Bank as the Collateral Proceeds Account. 
 “Granting Parties”: as defined in the
recitals hereto. 
 “Grantor”: the Borrowers (other than the Canadian Borrowers) and each of the Parent Borrower’s
other Domestic Subsidiaries that from time to time is a party hereto (it being understood that no Excluded Subsidiary shall be required to be or become a party hereto). 
 “Guarantor Obligations”: with respect to any Guarantor, the collective reference to (i) the Obligations guaranteed by such Guarantor pursuant to Section 2 and (ii) all obligations and
liabilities of such Guarantor that may arise under or in connection with this Agreement or any other Loan Document to which such Guarantor is a party, any Interest Rate Agreement, Currency Agreement, Commodities Agreement or Bank Products Agreement
entered into with any Person that was at the time of entry into such agreement a Lender or an affiliate of any Lender, any Specified Bank Products Agreements, any Indebtedness of any Borrower or any of its Subsidiaries in respect of Management
Guarantees as to which any Secured Party is a beneficiary, in each case whether on account of (i) principal, interest, reimbursement obligations, fees, indemnities, costs, expenses or otherwise (including, without limitation, all reasonable
fees, expenses and disbursements of counsel to the Administrative Agent or any other Secured Party that are required to be paid by such Guarantor pursuant to the terms of the ABL Credit Agreement or any other Loan Document), (ii) amounts
payable in connection with the provision of services or (iii) a termination of any transaction entered into pursuant to any such Interest Rate Agreement, Currency Agreement, Commodities Agreement or Bank Products Agreement. 
 “Guarantors”: the collective reference to each Granting Party, provided, that when referring to the U.S. Borrowers as Guarantors,
such reference shall be a reference solely to a guaranty of the Obligations of the Canadian Borrowers. 
 “Holding”: as
defined in the recitals hereto. 
 “Instruments”: as defined in Article 9 of the Code, but excluding the Pledged Securities.

 “Intellectual Property”: with respect to any Grantor, the collective reference to such Grantor’s Copyrights,
Copyright Licenses, Patents, Patent Licenses, Trade Secrets, Trade Secret Licenses, Trademarks and Trademark Licenses. 
 “Intercompany Note”: with respect to any Grantor, any promissory note in a principal amount in excess of $3,000,000 evidencing loans made by such Grantor to the Parent Borrower or any of its Subsidiaries. 
 “Intercreditor Agreement”: as defined in the recitals hereto. 
 “Inventory”: with respect to any Grantor, all inventory (as defined in the Code) of such Grantor, including, without limitation, all
Inventory (as defined in the Credit Agreement) of such Grantor. 
 “Investment Property”: the collective reference to
(i) all “investment property” as such term is defined in Section 9-102(a)(49) of the Uniform Commercial Code in effect in the State of New York on the date hereof (other than any Capital Stock of any Foreign Subsidiary in excess
of 65% of any series of such stock and other than any Capital Stock excluded from the definition of “Pledged Stock”) and (ii) whether or not constituting “investment property” as so defined, all Pledged Securities.

  

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 “Issuers”: the collective reference to the Persons identified on Schedule 2 as
the issuers of Pledged Stock, together with any successors to such companies (including, without limitation, any successors contemplated by subsection 8.3 of the Credit Agreement). 
 “Lender” and “Lenders”: each as defined in the preamble hereto. 
 “Management Loans”: Indebtedness (including any extension, renewal or refinancing thereof) outstanding at any time incurred by any
Management Investors in connection with any purchases by them of Management Stock, which Indebtedness is entitled to the benefit of any Management Guarantee of the Holding Parent or any of its Subsidiaries. 
 “Non-Lender Secured Parties”: the collective reference to the Secured Parties referred to in clause (iii), (iv) and (v) of the
definition thereof, and their respective successors and assigns and their permitted transferees and endorsees. 
 “Obligations”: (i) in the case of any Borrower, its Borrower Obligations and (ii) in the case of any Guarantor, the Guarantor Obligations of such Guarantor. 
 “Ordinary Course Transferees”: as defined in subsection 4.2.2. 
 “Parent Borrower”: as defined in the preamble hereto. 
 “Patent Licenses”: with respect to any Grantor, all United States written license agreements of such Grantor providing for the grant by or to such Grantor of any right under any United States patent,
patent application or patentable invention, other than agreements with any Person that is an Affiliate or a Subsidiary of the Parent Borrower or such Grantor, including, without limitation, the license agreements listed on Schedule 5 hereto,
subject, in each case, to the terms of such license agreements, and the right to prepare for sale, sell and advertise for sale, all Inventory now or hereafter covered by such licenses. 
 “Patents”: with respect to any Grantor, all of such Grantor’s right, title and interest in and to all United States patents, patent
applications and patentable inventions and all reissues and extensions thereof, including, without limitation, all patents and patent applications identified in Schedule 5 hereto, and including, without limitation, (i) all inventions and
improvements described and claimed therein, (ii) the right to sue or otherwise recover for any and all past, present and future infringements and misappropriations thereof, (iii) all income, royalties, damages and other payments now and
hereafter due and/or payable with respect thereto (including, without limitation, payments under all licenses entered into in connection therewith, and damages and payments for past, present or future infringements thereof), and (iv) all other
rights corresponding thereto in the United States and all reissues, divisions, continuations, continuations-in-part, substitutes, renewals, and extensions thereof, all improvements thereon, and all other rights of any kind whatsoever of such Grantor
accruing thereunder or pertaining thereto. 
 “Permitted Liens”: as defined in subsection 4.2.2. 
 “Pledged Collateral”: as to any Pledgor, the Pledged Securities now owned or at any time hereafter acquired by such Pledgor, and any
Proceeds thereof. 
 “Pledged Notes”: with respect to any Pledgor, all Intercompany Notes at any time issued to, or held or
owned by, such Pledgor. 
 “Pledged Securities”: the collective reference to the Pledged Notes and the Pledged Stock.

  

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 “Pledged Stock”: with respect to any Pledgor, the shares of Capital Stock of any Issuer
listed on Schedule 2 held by such Pledgor, together with any other shares of Capital Stock required to be pledged hereunder by such Pledgor pursuant to subsection 7.9 of the ABL Credit Agreement, as well as any other shares, stock
certificates, options or rights of any nature whatsoever in respect of any Capital Stock of any Issuer that may be issued or granted to, or held by, such Pledgor while this Agreement is in effect (provided that in no event shall there be
pledged, nor shall any Pledgor be required to pledge, directly or indirectly, (i) more than 65% of any series of the outstanding voting Capital Stock of any Foreign Subsidiary, (ii) any of the Capital Stock of a Subsidiary of a Foreign
Subsidiary, (iii) de minimis shares of a Foreign Subsidiary held by any Pledgor as a nominee or in a similar capacity and (iv) any of the Capital Stock of any Unrestricted Subsidiary. 
 “Pledgor”: Each Granting Party (with respect to Pledged Securities held by such Granting Party and all other Pledged Collateral of such
Granting Party). 
 “Proceeds”: all “proceeds” as such term is defined in Section 9-102(a)(64) of the Uniform
Commercial Code in effect in the State of New York on the date hereof and, in any event, Proceeds of Pledged Securities shall include, without limitation, all dividends or other income from the Pledged Securities, collections thereon or
distributions or payments with respect thereto. 
 “Restrictive Agreements”: as defined in subsection 3.3(a). 
 “Secured Parties”: the collective reference to (i) the U.S. ABL Administrative Agent, the Canadian Agent, the U.S. ABL Collateral
Agent and each Other Representative, (ii) the Lenders (including without limitation, the Canadian Lenders, the Issuing Lenders and the Swingline Lender), (iii) with respect to any Interest Rate Agreement, Currency Agreement, Commodities
Agreement or Bank Products Agreement with the Parent Borrower or any of its Subsidiaries, any counterparty thereto that, at the time such agreement or arrangement was entered into, was a Lender or an Affiliate of any Lender, (iv) with respect
to any Specified Bank Products Agreement with the Parent Borrower or any of its Subsidiaries, any counterparty thereto, (v) with respect to any Management Loans, any lender thereof that, at the time such Indebtedness was extended (or agreement
to extend such Indebtedness was entered into), was a Lender or an Affiliate of any Lender and (vi) their respective successors and assigns and their permitted transferees and endorsees. 
 “Secured Party Representative”: as defined in the Intercreditor Agreement. 
 “Security Collateral”: with respect to any Granting Party, means, collectively, the Collateral (if any) and the Pledged Collateral (if
any) of such Granting Party and solely for purposes of subsection 3.3(a) hereof, Foreign Intellectual Property (if any) of such Granting Party. 
 “Specified Asset”: as defined in subsection 4.2.2 hereof. 
 “Specified Bank Products Agreements”:
any Bank Products Agreement with JPMorgan Chase Bank, N.A., SunTrust Banks, Inc., Wells Fargo & Company, Bank of America, N.A., Wachovia Bank, National Association, Scotiabank, The Toronto-Dominion Bank, Bank of Montreal or any of their
respective affiliates, in effect on the Closing Date or entered into at any time thereafter (provided that, to the extent permitted by law, any Specified Bank Products Agreement amended after the date that is 60 days (or such longer period if
agreed by the Administrative Agent) following the Closing Date and any Specified Bank Products Agreement entered into on or after the Closing Date shall not permit set off of any obligations owing to the applicable provider against cash balances
under such Specified Bank Products Agreement, unless such provider is at the time of such amendment or agreement an Agent, Other Representative, Lender or affiliate of any of the foregoing). 
  

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 “Subsidiary Borrowers”: as defined in the preamble hereto. 
 “Trade Secret Licenses”: with respect to any Grantor, all United States written license agreements of such Grantor providing for the
grant by or to such Grantor of any right under any trade secrets, including, without limitation, know how, processes, formulae, compositions, designs, and confidential business and technical information, and all rights of any kind whatsoever
accruing thereunder or pertaining thereto, other than agreements with any Person that is an Affiliate or a Subsidiary of the Parent Borrower or such Grantor, subject, in each case, to the terms of such license agreements, and the right to prepare
for sale, sell and advertise for sale, all Inventory now or hereafter covered by such licenses. 
 “Trade Secrets”: with
respect to any Grantor, all of such Grantor’s right, title and interest in and to all United States trade secrets, including, without limitation, know-how, processes, formulae, compositions, designs, and confidential business and technical
information, and all rights of any kind whatsoever accruing thereunder or pertaining thereto, including, without limitation, (i) all income, royalties, damages and payments now and hereafter due and/or payable with respect thereto, including,
without limitation, payments under all licenses, non-disclosure agreements and memoranda of understanding entered into in connection therewith, and damages and payments for past or future misappropriations thereof, and (ii) the right to sue or
otherwise recover for past, present or future misappropriations thereof. 
 “Trademark Licenses”: with respect to any
Grantor, all United States written license agreements of such Grantor providing for the grant by or to such Grantor of any right under any United States trademarks, service marks, trade names, trade dress or other indicia of trade origin or business
identifiers, other than agreements with any Person that is an Affiliate or a Subsidiary of the Parent Borrower or such Grantor, including, without limitation, the license agreements listed on Schedule 5 hereto, subject, in each case, to the
terms of such license agreements, and the right to prepare for sale, sell and advertise for sale, all Inventory now or hereafter covered by such licenses. 
 “Trademarks”: with respect to any Grantor, all of such Grantor’s right, title and interest in and to all United States trademarks, service marks, trade names, trade dress or other indicia of
trade origin or business identifiers, trademark and service mark registrations, and applications for trademark or service mark registrations (except for “intent to use” applications for trademark or service mark registrations filed
pursuant to Section 1(b) of the Lanham Act, 15 U.S.C. § 1051, unless and until an Amendment to Allege Use or a Statement of Use under Sections 1(c) and 1(d) of said Act has been filed), and any renewals thereof, including, without
limitation, each registration and application identified in Schedule 5 hereto, and including, without limitation, (i) the right to sue or otherwise recover for any and all past, present and future infringements or dilutions thereof,
(ii) all income, royalties, damages and other payments now and hereafter due and/or payable with respect thereto (including, without limitation, payments under all licenses entered into in connection therewith, and damages and payments for past
or future infringements thereof), and (iii) all other rights corresponding thereto in the United States and all other rights of any kind whatsoever of such Grantor accruing thereunder or pertaining thereto in the United States, together in each
case with the goodwill of the business connected with the use of, and symbolized by, each such trademark, service mark, trade name, trade dress or other indicia of trade origin or business identifiers. 
 “ULC”: an Issuer that is an unlimited company or unlimited liability company. 
 “ULC Laws”: the Companies Act (Nova Scotia), the Business Corporations Act (Alberta) and any future laws governing ULCs.

 “ULC Shares”: shares or other equity interests in the Capital Stock of a ULC. 
 “U.S. ABL Administrative Agent”: as defined in the recitals hereto. 
  

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 “U.S. ABL Borrowers”: as defined in the recitals hereto. 
 “U.S. ABL Collateral Agent”: as defined in the recitals hereto. 
 “U.S. ABL Lenders”: as defined in the recitals hereto. 
 “Vehicles”: all cars, trucks, trailers, construction and earth moving equipment and other vehicles covered by a certificate of title law of any state and all tires and other appurtenances to any of
the foregoing. 
 1.2       Other Definitional Provisions. 
 (a)        The words “hereof”, “herein”, “hereto” and “hereunder” and
words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section, subsection, Schedule and Annex references are to this Agreement unless otherwise
specified. 
 (b)        The meanings given to terms defined herein shall be equally applicable to
both the singular and plural forms of such terms. 
 (c)        Where the context requires, terms
relating to the Collateral or Pledged Collateral, or any part thereof, when used in relation to a Granting Party shall refer to such Granting Party’s Collateral or Pledged Collateral or the relevant part thereof. 
 (d)        All references in this Agreement to any of the property described in the definition of the term
“Collateral” or “Pledged Collateral”, or to any Proceeds thereof, shall be deemed to be references thereto only to the extent the same constitute Collateral or Pledged Collateral, respectively. 
 SECTION 2    GUARANTEE 
 2.1        Guarantee. 
 (a)        Each of
the Guarantors hereby, jointly and severally, unconditionally and irrevocably, guarantees to the Administrative Agent, for the ratable benefit of the Secured Parties, the prompt and complete payment and performance by each Borrower when due and
payable (whether at the stated maturity, by acceleration or otherwise) of such Borrower Obligations of such Borrower owed to the applicable Secured Parties. 
 (b)        Anything herein or in any other Loan Document to the contrary notwithstanding, the maximum liability of each Guarantor hereunder and under the other Loan Documents
shall in no event exceed the amount that can be guaranteed by such Guarantor under applicable law, including applicable federal and state laws relating to the insolvency of debtors; provided that, to the maximum extent permitted under
applicable law, it is the intent of the parties hereto that (x) the amount of the liability of any of the Guarantors or any guarantee in respect of Indebtedness represented by the Senior Interim Loan Facility or the Senior Subordinated Interim
Loan Facility shall be reduced before the amount of the liability of the respective Guarantor is reduced hereunder and (y) the rights of contribution of each Guarantor provided in following subsection 2.2 be included as an asset of the
respective Guarantor in determining the maximum liability of such Guarantor hereunder. 
 (c)        Each Guarantor agrees that the Borrower Obligations guaranteed by it hereunder may at any time and from time to time exceed the amount of the liability of such Guarantor hereunder without
impairing the guarantee contained in this Section 2 or affecting the rights and remedies of the Administrative Agent or any other Secured Party hereunder. 
  

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 (d)      The guarantee contained in this Section 2 shall remain in
full force and effect until the earliest to occur of (i) the first date on which all the Loans, all other Borrower Obligations then due and owing, and the obligations of each Guarantor under the guarantee contained in this Section 2 then
due and owing shall have been satisfied by payment in full in cash and the Commitments shall be terminated, notwithstanding that from time to time during the term of the ABL Credit Agreement any of the Borrowers may be free from any Borrower
Obligations, (ii) as to any Guarantor, the sale or other disposition of all of the Capital Stock of such Guarantor (to a Person other than the Parent Borrower or a Restricted Subsidiary) as permitted under the ABL Credit Agreement or
(iii) as to any Guarantor, the designation of such Guarantor as an Unrestricted Subsidiary. 
 (e)      No
payment made by any Borrower, any of the Guarantors, any other guarantor or any other Person or received or collected by the Administrative Agent or any other Secured Party from any of the Borrowers, any of the Guarantors, any other guarantor or any
other Person by virtue of any action or proceeding or any set-off or appropriation or application at any time or from time to time in reduction of or in payment of any of the Borrower Obligations shall be deemed to modify, reduce, release or
otherwise affect the liability of any Guarantor hereunder which shall, notwithstanding any such payment (other than any payment made by such Guarantor in respect of the Borrower Obligations or any payment received or collected from such Guarantor in
respect of any of the Borrower Obligations), remain liable for the Borrower Obligations of each Borrower guaranteed by it hereunder up to the maximum liability of such Guarantor hereunder until the earliest to occur of (i) the first date on
which all the Loans and all other Borrower Obligations then due and owing, are paid in full in cash and the Commitments are terminated, (ii) the sale or other disposition of all of the Capital Stock of such Guarantor (to a Person other than the
Parent Borrower or a Restricted Subsidiary) as permitted under the ABL Credit Agreement or (iii) the designation of such Guarantor as an Unrestricted Subsidiary. 
 2.2      Right of Contribution. Each Guarantor hereby agrees that to the extent that a Guarantor shall have paid more than its proportionate share (based, to the maximum extent
permitted by law, on the respective Adjusted Net Worths of the Guarantors on the date the respective payment is made) of any payment made hereunder, such Guarantor shall be entitled to seek and receive contribution from and against any other
Guarantor hereunder that has not paid its proportionate share of such payment. Each Guarantor’s right of contribution shall be subject to the terms and conditions of subsection 2.3. The provisions of this subsection 2.2 shall in no respect
limit the obligations and liabilities of any Guarantor to the Administrative Agent and the other Secured Parties, and each Guarantor shall remain liable to the Administrative Agent and the other Secured Parties for the full amount guaranteed by such
Guarantor hereunder. 
 2.3      No Subrogation. Notwithstanding any payment made by any Guarantor
hereunder or any set-off or application of funds of any Guarantor by the U.S. ABL Collateral Agent or any other Secured Party, no Guarantor shall be entitled to be subrogated to any of the rights of the U.S. ABL Collateral Agent or any other Secured
Party against any Borrower or any other Guarantor or any collateral security or guarantee or right of offset held by the U.S. ABL Collateral Agent or any other Secured Party for the payment of the Borrower Obligations, nor shall any Guarantor seek
or be entitled to seek any contribution or reimbursement from any Borrower or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the U.S. ABL Collateral Agent and the other Secured Parties by the
Borrowers on account of the Borrower Obligations are paid in full in cash and the Commitments are terminated. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Borrower Obligations shall
not have been paid in full in cash or any of the Commitments 

  

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shall remain in effect, such amount shall be held by such Guarantor in trust for the U.S. ABL Collateral Agent and the other Secured Parties, segregated from
other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the U.S. ABL Collateral Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the U.S. ABL Collateral Agent, if
required), to be held as collateral security for all of the Borrower Obligations (whether matured or unmatured) guaranteed by such Guarantor and/or then or at any time thereafter may be applied against any Borrower Obligations, whether matured or
unmatured, in such order as the U.S. ABL Collateral Agent may determine. 
 2.4        Amendments,
etc. with Respect to the Obligations. To the maximum extent permitted by law, each Guarantor shall remain obligated hereunder notwithstanding that, without any reservation of rights against any Guarantor and without notice to or further assent
by any Guarantor, any demand for payment of any of the Borrower Obligations made by the U.S. ABL Collateral Agent, the Administrative Agent or any other Secured Party may be rescinded by the U.S. ABL Collateral Agent, the Administrative Agent or
such other Secured Party and any of the Borrower Obligations continued, and the Borrower Obligations, or the liability of any other Person upon or for any part thereof, or any collateral security or guarantee therefor or right of offset with respect
thereto, may, from time to time, in whole or in part, be renewed, extended, amended, waived, modified, accelerated, compromised, subordinated, waived, surrendered or released by the U.S. ABL Collateral Agent, the Administrative Agent or any other
Secured Party, and the ABL Credit Agreement and the other Loan Documents and any other documents executed and delivered in connection therewith may be amended, waived, modified, supplemented or terminated, in whole or in part, as the U.S. ABL
Collateral Agent or the Administrative Agent (or the Required Lenders or the applicable Lenders(s), as the case may be) may deem advisable from time to time, and any collateral security, guarantee or right of offset at any time held by the U.S. ABL
Collateral Agent, the Administrative Agent or any other Secured Party for the payment of any of the Borrower Obligations may be sold, exchanged, waived, surrendered or released. None of the U.S. ABL Collateral Agent, the Administrative Agent nor any
other Secured Party shall have any obligation to protect, secure, perfect or insure any Lien at any time held by it as security for any of the Borrower Obligations or for the guarantee contained in this Section 2 or any property subject
thereto, except to the extent required by applicable law. 
 2.5        Guarantee Absolute and
Unconditional. Each Guarantor waives, to the maximum extent permitted by applicable law, any and all notice of the creation, renewal, extension or accrual of any of the Borrower Obligations and notice of or proof of reliance by the U.S. ABL
Collateral Agent, the Administrative Agent or any other Secured Party upon the guarantee contained in this Section 2 or acceptance of the guarantee contained in this Section 2; each of the Borrower Obligations, and any obligation contained
therein, shall conclusively be deemed to have been created, contracted or incurred, or renewed, extended, amended or waived, in reliance upon the guarantee contained in this Section 2; and all dealings between any of the Borrowers and any of
the Guarantors, on the one hand, and the U.S. ABL Collateral Agent, the Administrative Agent and the other Secured Parties, on the other hand, likewise shall be conclusively presumed to have been had or consummated in reliance upon the guarantee
contained in this Section 2. Each Guarantor waives, to the maximum extent permitted by applicable law, diligence, presentment, protest, demand for payment and notice of default or nonpayment to or upon any Borrower or any of the other
Guarantors with respect to any of the Borrower Obligations. Each Guarantor understands and agrees, to the extent permitted by law, that the guarantee contained in this Section 2 shall be construed as a continuing, absolute and unconditional
guarantee of payment and not of collection. Each Guarantor hereby waives, to the maximum extent permitted by applicable law, any and all defenses (other than any suit for breach of a contractual provision of any of the Loan Documents) that it may
have arising out of or in connection with any and all of the following: (a) the validity or enforceability of the ABL Credit Agreement or any other Loan Document, any of the Borrower Obligations or any other collateral security therefor or
guarantee or right of offset with respect thereto at any time or from time to time held by the U.S. ABL 

  

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Collateral Agent, the Administrative Agent or any other Secured Party, (b) any defense, set-off or counterclaim (other than a defense of payment or
performance) that may at any time be available to or be asserted by any of the Borrowers against the U.S. ABL Collateral Agent, the Administrative Agent or any other Secured Party, (c) any change in the time, place, manner or place of payment,
amendment, or waiver or increase in any of the Obligations, (d) any exchange, taking, or release of Security Collateral, (e) any change in the structure or existence of any of the Borrowers, (f) any application of Security Collateral
to any of the Obligations, (g) any law, regulation or order of any jurisdiction, or any other event, affecting any term of any Obligation or the rights of the U.S. ABL Collateral Agent, the Administrative Agent or any other Secured Party with
respect thereto, including, without limitation: (i) the application of any such law, regulation, decree or order, including any prior approval, which would prevent the exchange of any currency (other than Dollars) for Dollars or the remittance
of funds outside of such jurisdiction or the unavailability of Dollars in any legal exchange market in such jurisdiction in accordance with normal commercial practice, (ii) a declaration of banking moratorium or any suspension of payments by
banks in such jurisdiction or the imposition by such jurisdiction or any Governmental Authority thereof of any moratorium on, the required rescheduling or restructuring of, or required approval of payments on, any indebtedness in such jurisdiction,
(iii) any expropriation, confiscation, nationalization or requisition by such country or any Governmental Authority that directly or indirectly deprives any Borrower of any assets or their use, or of the ability to operate its business or a
material part thereof, or (iv) any war (whether or not declared), insurrection, revolution, hostile act, civil strife or similar events occurring in such jurisdiction which has the same effect as the events described in clause (i), (ii) or
(iii) above (in each of the cases contemplated in clauses (i) through (iv) above, to the extent occurring or existing on or at any time after the date of this Agreement), or (h) any other circumstance whatsoever (other than
payment in full in cash of the Borrower Obligations guaranteed by it hereunder) (with or without notice to or knowledge of any of the Borrowers or such Guarantor) that constitutes, or might be construed to constitute, an equitable or legal discharge
of any of the Borrowers for the Borrower Obligations, or of such Guarantor under the guarantee contained in this Section 2, in bankruptcy or in any other instance. When making any demand hereunder or otherwise pursuing its rights and remedies
hereunder against any Guarantor, the U.S. ABL Collateral Agent, the Administrative Agent and any other Secured Party may, but shall be under no obligation to, make a similar demand on or otherwise pursue such rights and remedies as it may have
against any of the Borrowers, any other Guarantor or any other Person or against any collateral security or guarantee for the Borrower Obligations guaranteed by such Guarantor hereunder or any right of offset with respect thereto, and any failure by
the U.S. ABL Collateral Agent, the Administrative Agent or any other Secured Party to make any such demand, to pursue such other rights or remedies or to collect any payments from any Borrower, any other Guarantor or any other Person or to realize
upon any such collateral security or guarantee or to exercise any such right of offset, or any release of any Borrower, any other Guarantor or any other Person or any such collateral security, guarantee or right of offset, shall not relieve any
Guarantor of any obligation or liability hereunder, and shall not impair or affect the rights and remedies, whether express, implied or available as a matter of law, of the U.S. ABL Collateral Agent, the Administrative Agent or any other Secured
Party against any Guarantor. For the purposes hereof “demand” shall include the commencement and continuance of any legal proceedings. 
 2.6        Reinstatement. The guarantee of any Guarantor contained in this Section 2 shall continue to be effective, or be reinstated, as the case may be, if at any time payment, or any
part thereof, of any of the Borrower Obligations guaranteed by such Guarantor hereunder is rescinded or must otherwise be restored or returned by the U.S. ABL Collateral Agent, the Administrative Agent or any other Secured Party upon the insolvency,
bankruptcy, dissolution, liquidation or reorganization of any Borrower or any Guarantor, or upon or as a result of the appointment of a receiver, intervenor or conservator of, or trustee or similar officer for, any Borrower or any Guarantor or any
substantial part of its property, or otherwise, all as though such payments had not been made. 
  

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 2.7        Payments. Each Guarantor hereby guarantees that
payments hereunder will be paid to the Administrative Agent without set-off or counterclaim, in Dollars (or, in the case of any amount required to be paid in any other currency pursuant to the requirements of the Credit Agreement or other agreement
relating to the respective Obligations, such other currency), at the Administrative Agent’s office specified in subsection 11.2 of the ABL Credit Agreement or such other address as may be designated in writing by the Administrative Agent to
such Guarantor from time to time in accordance with subsection 11.2 of the ABL Credit Agreement. 
 SECTION
3        GRANT OF SECURITY INTEREST 
 3.1        Grant. Each Granting Party that is a Grantor hereby grants, subject to existing licenses to use the Copyrights, Patents, Trademarks and Trade Secrets granted by such Grantor in the
ordinary course of business, to the U.S. ABL Collateral Agent, for the ratable benefit of the Secured Parties, a security interest in all of the Collateral and all of the Foreign Intellectual Property of such Grantor, as collateral security for the
prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Obligations of such Grantor, except as provided in subsection 3.3. The term “Collateral”, as to any Grantor,
means the following property (wherever located) now owned or at any time hereafter acquired by such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title or interest, except as provided in subsection 3.3:

      (a)        all Accounts; 
      (b)        all Chattel Paper; 
      (c)        all Contracts; 
      (d)        all Documents; 
      (e)        all Equipment (other than Vehicles) and Goods;

      (f)         all General Intangibles; 
      (g)        all Instruments; 
      (h)        all Intellectual Property; 
      (i)         all Inventory; 
      (j)         all Investment Property; 
      (k)        all Fixtures; 
      (l)         all books and records pertaining to any of the
foregoing; 
      (m)       the Collateral Proceeds Account; and

      (n)        to the extent not otherwise included, all
Proceeds and products of any and all of the foregoing and all collateral security and guarantees given by any Person with respect to any of the foregoing; 

  

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provided that, in the case of each Grantor, Collateral shall not include any Pledged Collateral, or any property or assets specifically excluded from
Pledged Collateral (including any Capital Stock of any Foreign Subsidiary in excess of 65% of any series of such stock). 
 3.2        Pledged Collateral. Each Granting Party that is a Pledgor hereby grants to the U.S. ABL Collateral Agent, for the ratable benefit of the Secured Parties, a security interest in all
of the Pledged Collateral of such Pledgor now owned or at any time hereafter acquired by such Pledgor, and any Proceeds thereof, as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by
acceleration or otherwise) of the Obligations of such Pledgor, except as provided in subsection 3.3. 
 3.3        Certain Exceptions. No security interest is or will be granted pursuant hereto in any right, title or interest of any Granting Party under or in (collectively, the “Excluded
Assets”): 
      (a)        any Instruments,
Contracts, Chattel Paper, General Intangibles, Copyright Licenses, Patent Licenses, Trademark Licenses, Trade Secret Licenses (and any Foreign Intellectual Property equivalent of any of the foregoing) or other contracts or agreements with or issued
by Persons other than the Parent Borrower, a Restricted Subsidiary or an Affiliate thereof (collectively, “Restrictive Agreements”) that would otherwise be included in the Security Collateral (and such Restrictive Agreements shall
not be deemed to constitute a part of the Security Collateral) for so long as, and to the extent that, the granting of such a security interest pursuant hereto would result in a breach, default or termination of such Restrictive Agreements (in each
case, except to the extent that, pursuant to the Code or other applicable law, the granting of security interests therein can be made without resulting in a breach, default or termination of such Restrictive Agreements); 
      (b)        any Equipment or other property that would otherwise be
included in the Security Collateral (and such Equipment or other property shall not be deemed to constitute a part of the Security Collateral) if such Equipment or other property (x) is subject to a Lien described in subsection 7.2(h) of the
Cash Flow Credit Agreement in respect of Purchase Money Obligations or Capitalized Lease Obligations, or a Lien described in subsection 7.2(o) (with respect to such a Lien described in subsection 7.2(h)) of the Cash Flow Credit Agreement, and
consists of Equipment or other property financed or refinanced thereby (including through any financing or refinancing of the acquisition, leasing, construction or improvement of any such assets) and/or any improvements, accessions, proceeds,
dividends or distributions in respect of any such assets, and/or any other assets relating to any such assets (including to any such acquisition, leasing, construction or improvement thereof) or any such improvements, accessions, proceeds, dividends
or distributions, or (y) is subject to a Lien described in subsection 7.2(h) of the Cash Flow Credit Agreement in respect of Hedging Obligations, or a Lien described in subsection 7.2(o) (with respect to such a Lien described in subsection
7.2(h)) of the Cash Flow Credit Agreement, and consists of (i) cash, Cash Equivalents, Investment Grade Securities and Temporary Cash Investments, together with proceeds, dividends and distributions in respect thereof, (ii) any assets
relating to such assets, proceeds, dividends or distributions or to any Hedging Obligations, and/or (iii) any other assets consisting of, relating to or arising under or in connection with (A) any Interest Rate Agreements, Currency
Agreements or Commodities Agreements or (B) any other agreements, instruments or documents related to any Hedging Obligations or to any of the assets referred to in any of subclauses (i) through (iii) of this clause (y); 

     (c)        any property that would otherwise be included in the
Security Collateral (and such property shall not be deemed to constitute a part of the Security Collateral) if such property 

  

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(x) has been sold or otherwise transferred in connection with (i) a Special Purpose Financing, (ii) a Sale and Leaseback Transaction the proceeds
of which are applied pursuant to subsection 4.4 of the ABL Credit Agreement if and to the extent required thereby or (iii) an Exempt Sale and Leaseback Transaction, (y) constitutes the Proceeds or products of any property that has been
sold or otherwise transferred pursuant to such Special Purpose Financing, Sale and Leaseback Transaction or Exempt Sale and Leaseback Transaction (other than any payments received by such Granting Party in payment for the sale and transfer of such
property in such Special Purpose Financing, Sale and Leaseback Transaction or Exempt Sale and Leaseback Transaction) or (z) is subject to any Liens securing Indebtedness incurred in compliance with subsection 7.1(b)(ix) of the Cash Flow Credit
Agreement, or Liens permitted under subsection 7.2(k)(iv) or 7.2(p)(xii) of the Cash Flow Credit Agreement; 
      (d)        each Granting Party acknowledges that certain of the Pledged Collateral of such Granting Party may now or in the future consist of ULC Shares, and that it is
the intention of the Collateral Agent and each Granting Party that neither the Collateral Agent nor any other Secured Party should under any circumstances prior to realization be held to be a “member” or “shareholder”, as
applicable, of a ULC for the purposes of any ULC Laws. Therefore, notwithstanding any provisions to the contrary contained in this Agreement, the Credit Agreement or any other Loan Document, where a Granting Party is the registered and beneficial
owner of ULC Shares which are Pledged Collateral of such Granting Party, such Granting Party will remain the sole registered and beneficial owner of such ULC shares until such time as such ULC Shares are effectively transferred into the name of the
Collateral Agent, any other Secured Party, or any other Person on the books and records of the applicable ULC. Accordingly, each Granting Party shall be entitled to receive and retain for its own account any dividend or other distribution, if any,
in respect of such ULC Shares (except for any dividend or distribution comprised of share certificates representing Pledged Collateral, which shall be delivered to the Collateral Agent to hold as Pledged Collateral hereunder) and shall have the
right to vote such ULC Shares and to control the direction, management and policies of the applicable ULC to the same extent as such Granting Party would if such ULC Shares were not pledged to the Collateral Agent pursuant hereto. Nothing in this
Agreement, the Credit Agreement or any other Loan Document is intended to, and nothing in this Agreement, the Credit Agreement or any other Loan Document shall, constitute the Collateral Agent, any other Secured Party, or any other Person other than
the applicable Granting Party, a member or shareholder of a ULC for the purposes of any ULC Laws (whether listed or unlisted, registered or beneficial), until such time as notice is given to such Granting Party and further steps are taken pursuant
hereto or thereto so as to register the Collateral Agent, any other Secured Party, or such other Person, as specified in such notice, as the holder of the ULC Shares. To the extent any provision hereof would have the effect of constituting the
Collateral Agent or any other Secured Party as a member or a shareholder, as applicable, of any ULC prior to such time, such provision shall be severed herefrom and shall be ineffective with respect to ULC Shares which are Pledged Collateral of any
Granting Party, without otherwise invalidating or rendering unenforceable this Agreement or invalidating or rendering unenforceable such provision insofar as it relates to Pledged Collateral of any Granting Party which is not ULC Shares. Except upon
the exercise of rights of the Collateral Agent to sell, transfer or otherwise dispose of ULC Shares in accordance with this Agreement, each Granting Party shall not cause or permit, or enable an Issuer that is a ULC to cause or permit, the
Collateral Agent or any other Secured Party to: (a) be registered as a shareholder or member of such Issuer; (b) have any notation entered in their favour in the share register of such Issuer; (c) be held out as shareholders or
members of such Issuer; (d) receive, directly or indirectly, any dividends, property or other distributions from such Issuer by reason of the Collateral Agent holding the Security Interests over the ULC Shares; or (e) act as a shareholder
of such Issuer, or exercise any rights of a shareholder including the right to attend a meeting of shareholders of such Issuer or to vote its ULC Shares. 
  

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      (e)        Capital
Stock which is specifically excluded from the definition of Pledged Stock by virtue of the proviso contained in the parenthetical to such definition; and 
      (f)        those assets over which the granting of security interests in such assets would be prohibited by a contract permitted under the Credit
Agreement or by applicable law or regulation (after giving effect to Sections 9-406(d), 9-407(a), 9-408(a) or 9-409 of the UCC (or any successor provision or provisions) or any other applicable law (including the Bankruptcy Code) or principles
of equity). 
 3.4        Intercreditor Relations. Notwithstanding anything herein to the
contrary, it is the understanding of the parties that the Liens granted pursuant to subsections 3.1 and 3.2 hereof shall (x) with respect to all Collateral other than ABL Priority Collateral, prior to the Discharge of Cash Flow Obligations (as
defined in the Intercreditor Agreement), be subject and subordinate to the Liens granted to the Cash Flow Collateral Agent for the benefit of the holders of the Cash Flow Obligations to secure the Cash Flow Obligations pursuant to the relevant Cash
Flow Loan Documents, and (y) with respect to all Security Collateral, prior to the Discharge of Additional Obligations (as defined in the Intercreditor Agreement), be subject and subordinate to the Liens granted to any Additional Agent for the
benefit of the holders of the applicable Additional Obligations to secure such Additional Obligations pursuant to the applicable Additional Collateral Documents (as defined in the Intercreditor Agreement). The U.S. ABL Collateral Agent acknowledges
and agrees that the relative priority of such Liens granted to the U.S. ABL Collateral Agent, the Cash Flow Collateral Agent and any Additional Agent may be determined solely pursuant to the Intercreditor Agreement, and not by priority as a matter
of law or otherwise. Notwithstanding anything herein to the contrary, the Liens and security interest granted to the U.S. ABL Collateral Agent pursuant to this Agreement and the exercise of any right or remedy by the U.S. ABL Collateral Agent
hereunder are subject to the provisions of the Intercreditor Agreement. In the event of any conflict between the terms of the Intercreditor Agreement and this Agreement, the terms of the Intercreditor Agreement shall govern and control as among the
U.S. ABL Collateral Agent, the Cash Flow Collateral Agent and any Additional Agent. Notwithstanding any other provision hereof, subject to the terms of the Intercreditor Agreement, any obligation hereunder to physically deliver to the U.S. ABL
Collateral Agent any Security Collateral shall be satisfied by causing such Security Collateral to be physically delivered to the Secured Party Representative, acting as agent for the U.S. ABL Collateral Agent, to be held in accordance with the
Intercreditor Agreement. 
 SECTION 4        REPRESENTATIONS AND WARRANTIES 
 4.1        Representations and Warranties of Each Guarantor. To induce the U.S. ABL Collateral Agent and
the Lenders to enter into the ABL Credit Agreement and to induce the Lenders to make their respective extensions of credit to the Borrowers thereunder, each Guarantor hereby represents and warrants to the U.S. ABL Collateral Agent and each other
Secured Party that the representations and warranties set forth in Section 5 of the ABL Credit Agreement as they relate to such Guarantor or to the Loan Documents to which such Guarantor is a party, each of which representations and warranties
is hereby incorporated herein by reference, are true and correct in all material respects, and the U.S. ABL Collateral Agent and each other Secured Party shall be entitled to rely on each of such representations and warranties as if fully set forth
herein; provided that each reference in each such representation and warranty to the Parent Borrower’s knowledge shall, for the purposes of this subsection 4.1, be deemed to be a reference to such Guarantor’s knowledge. 

 

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 4.2        Representations and Warranties of Each Grantor.
To induce the U.S. ABL Collateral Agent and the Lenders to enter into the ABL Credit Agreement and to induce the Lenders to make their respective extensions of credit to the Borrowers thereunder, each Grantor hereby represents and warrants to the
U.S. ABL Collateral Agent and each other Secured Party that, in each case after giving effect to the Transactions: 
      4.2.1     Title; No Other Liens. Except for the security interests granted to the U.S. ABL Collateral Agent for the ratable benefit of the Secured Parties pursuant to this
Agreement and the other Liens permitted to exist on such Grantor’s Security Collateral by the ABL Credit Agreement (including, without limitation, in respect of Liens described in the definition of “Permitted Liens” in the ABL Credit
Agreement), such Grantor owns each item of such Grantor’s Collateral free and clear of any and all Liens. Except as set forth on Schedule 3, no currently effective financing statement or other similar public notice with respect to any
Lien on all or any part of such Grantor’s Security Collateral is on file or of record in any public office in the United States of America, any state, territory or dependency thereof or the District of Columbia, except such as have been filed
in favor of the U.S. ABL Collateral Agent for the ratable benefit of the Secured Parties pursuant to this Agreement or as are in respect of Liens permitted by the ABL Credit Agreement (including, without limitation, in respect of Liens described in
the definition of “Permitted Liens” in the ABL Credit Agreement) or any other Loan Document or for which termination statements will be delivered on the Closing Date. 
      4.2.2     Perfected First Priority Liens. 
      (a)        This Agreement is effective to create, as collateral
security for the Obligations of such Grantor, valid and enforceable Liens on such Grantor’s Security Collateral in favor of the U.S. ABL Collateral Agent for the benefit of the Secured Parties, except as enforceability may be affected by
bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally, general equitable principles (whether considered in a proceeding in equity or at law) and an
implied covenant of good faith and fair dealing. 
      (b)        Except with regard to (i) Liens (if any) on Specified Assets and (ii) any rights reserved in favor of the United States government as required by law
(if any), upon the completion of the Filings and the delivery to and continuing possession by the U.S. ABL Collateral Agent or the Secured Party Representative, acting as agent for the U.S. ABL Collateral Agent for the purpose of perfection, as
applicable, in accordance with the Intercreditor Agreement, of all Instruments, Chattel Paper and Documents a security interest in which is perfected by possession, and the obtaining and maintenance of “control” (as described in the Code)
by the U.S. ABL Collateral Agent or the Secured Party Representative, acting as agent for the U.S. ABL Collateral Agent for purposes of perfection, as applicable (or their respective agents appointed for purposes of perfection), in accordance with
the Intercreditor Agreement of the Collateral Proceeds Account, Letter of Credit Rights and Electronic Chattel Paper a security interest in which is perfected by “control,” the Liens created pursuant to this Agreement will constitute valid
Liens on and (to the extent provided herein) perfected security interests in such Grantor’s Security Collateral in favor of the U.S. ABL Collateral Agent for the benefit of the Secured Parties, and will be prior to all other Liens of all other
Persons other than Permitted Liens, and enforceable as such as against all other Persons other than Ordinary Course Transferees, except to the extent that the recording of an assignment or other transfer of title to the U.S. ABL Collateral Agent or
the Secured Party Representative, as applicable, in accordance with the Intercreditor Agreement or the recording of other applicable documents in the United States Patent and Trademark Office or United States Copyright 

  

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Office may be necessary for perfection or enforceability, and except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization,
moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law) or by an implied covenant of good faith and fair dealing.
As used in this subsection 4.2.2(b), the following terms shall have the following meanings: 
 “Filings”:
the filing or recording of (i) the Financing Statements as set forth in Schedule 3, (ii) this Agreement or a short form or notice thereof with respect to Intellectual Property as set forth in Schedule 3, and (iii) any
filings after the Closing Date in any other jurisdiction as may be necessary under any Requirement of Law. 
 “Financing Statements”: the financing statements delivered to the U.S. ABL Collateral Agent by such Grantor on the Closing Date for filing in the jurisdictions listed in Schedule 4. 
 “Ordinary Course Transferees”: (i) with respect to goods only, buyers in the ordinary course of business and
lessees in the ordinary course of business to the extent provided in Section 9-320(a) and 9-321 of the Uniform Commercial Code as in effect from time to time in the relevant jurisdiction, (ii) with respect to general intangibles only,
licensees in the ordinary course of business to the extent provided in Section 9-321 of the Uniform Commercial Code as in effect from time to time in the relevant jurisdiction and (iii) any other Person that is entitled to take free of the
Lien pursuant to the Uniform Commercial Code as in effect from time to time in the relevant jurisdiction. 
 “Permitted Liens”: Liens permitted pursuant to the Loan Documents, including, without limitation, those permitted to exist pursuant to the definition of “Permitted Liens” in the ABL Credit Agreement. 

“Specified Assets”: the following property and assets of such Grantor: 
  

	 	(1)	Patents, Patent Licenses, Trademarks and Trademark Licenses to the extent that (a) Liens thereon cannot be perfected by the filing of financing statements under the Uniform
Commercial Code or by the filing and acceptance thereof in the United States Patent and Trademark Office or (b) such Patents, Patent Licenses, Trademarks and Trademark Licenses are not, individually or in the aggregate, material to the business
of the Parent Borrower and its Subsidiaries taken as a whole; 

  

	 	(2)	Copyrights and Copyright Licenses and Accounts or receivables arising therefrom to the extent that the Uniform Commercial Code as in effect from time to time in the relevant
jurisdiction is not applicable to the creation or perfection of Liens thereon or Liens thereon that cannot be perfected by the filing and acceptance of this Agreement or short form thereof in the United States Copyright Office;

  

	 	(3)	Collateral for which the perfection of Liens thereon requires filings in or other actions under the laws of jurisdictions outside of the United States of America, any State,
territory or dependency thereof or the District of Columbia; 

  

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	 	(4)	goods included in Collateral received by any Person from any Grantor for “sale or return” within the meaning of Section 2-326 of the Uniform Commercial Code of the
applicable jurisdiction, to the extent of claims of creditors of such Person; 

  

	 	(5)	Proceeds of Accounts, receivables or Inventory which do not themselves constitute Collateral or which have not been transferred to or deposited in the Collateral Proceeds Account
(if any) or the Concentration or Blocked Account of a Grantor subject to the U.S. ABL Collateral Agent’s control; 

  

	 	(6)	Contracts, Accounts or receivables subject to the Assignment of Claims Act; 

  

	 	(7)	Fixtures; and 

  

	 	(8)	uncertificated securities (to the extent a security interest is not perfected by the filing of a financing statement). 

      4.2.3    Jurisdiction of Organization. On the date hereof, such Grantor’s
jurisdiction of organization is specified on Schedule 4. 
      4.2.4    Farm Products. None of such Grantor’s Collateral constitutes, or is the Proceeds of, Farm Products. 
      4.2.5    Accounts Receivable. The amounts represented by such Grantor to the
Administrative Agent or the other Secured Parties from time to time as owing by each account debtor or by all account debtors in respect of such Grantor’s Accounts Receivable constituting Security Collateral will at such time be the correct
amount, in all material respects, actually owing by such account debtor or debtors thereunder, except to the extent that appropriate reserves therefor have been established on the books of such Grantor in accordance with GAAP. Unless otherwise
indicated in writing to the Administrative Agent, each Account Receivable of such Grantor arises out of a bona fide sale and delivery of goods or rendition of services by such Grantor. Such Grantor has not given any account debtor any deduction in
respect of the amount due under any such Account, except in the ordinary course of business or as such Grantor may otherwise advise the Administrative Agent in writing. 
      4.2.6    Patents, Copyrights and Trademarks. Schedule 5 lists all
material Trademarks, material Copyrights and material Patents, in each case, registered in the United States Patent and Trademark Office or the United States Copyright Office, as applicable, and owned by such Grantor in its own name as of the date
hereof, and all material Trademark Licenses, all material Copyright Licenses and all material Patent Licenses (including, without limitation, material Trademark Licenses for registered Trademarks, material Copyright Licenses for registered
Copyrights and material Patent Licenses for registered Patents) owned by such Grantor in its own name as of the date hereof, in each case, that is solely United States Intellectual Property. 
 4.3        Representations and Warranties of Each Pledgor. To induce the U.S. ABL Collateral Agent, the
Administrative Agent and the Lenders to enter into the ABL Credit Agreement and to induce the Lenders to make their respective extensions of credit to the Borrowers thereunder, each Pledgor hereby represents and warrants to the U.S. ABL Collateral
Agent and each other Secured Party that: 
      4.3.1    Except as provided in
subsection 3.3, the shares of Pledged Stock pledged by such Pledgor hereunder constitute (i) in the case of shares of a Domestic Subsidiary, all the issued and outstanding shares of all classes of the Capital Stock of such Domestic Subsidiary
owned by 

  

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such Pledgor and (ii) in the case of any Pledged Stock constituting Capital Stock of any Foreign Subsidiary, such percentage (not more than 65%) as is
specified on Schedule 2 of all the issued and outstanding shares of all classes of the Capital Stock of each such Foreign Subsidiary owned by such Pledgor. 
      4.3.2    All the shares of the Pledged Stock pledged by such Pledgor hereunder have
been duly and validly issued and are fully paid and nonassessable (or the equivalent, if any, under applicable foreign law). 
      4.3.3    Such Pledgor is the record and beneficial owner of, and has good title to, the Pledged Securities pledged by it hereunder, free of any and all Liens or options in favor of, or
claims of, any other Person, except the security interest created by this Agreement and Liens arising by operation of law or permitted by the ABL Credit Agreement (or described in the definition of “Permitted Lien” in the Credit
Agreement). 
      4.3.4    Except with respect to security interests in
Pledged Securities (if any) constituting Specified Assets, upon delivery to the U.S. ABL Collateral Agent or the Secured Party Representative acting as agent for the U.S. ABL Collateral Agent for purposes of perfection, as applicable, in accordance
with the Intercreditor Agreement, of the certificates evidencing the Pledged Securities held by such Pledgor together with executed undated stock powers or other instruments of transfer, the security interest created in such Pledged Securities
constituting certificated securities by this Agreement, assuming the continuing possession of such Pledged Securities by the U.S. ABL Collateral Agent or the Secured Party Representative so acting as agent, in accordance with the Intercreditor
Agreement, will constitute a valid, perfected first priority (subject, in terms of priority only, to the priority of the Liens of the Cash Flow Collateral Agent or any Additional Agent) security interest in such Pledged Securities to the extent
provided in and governed by the Code, enforceable in accordance with its terms against all creditors of such Pledgor and any Persons purporting to purchase such Pledged Securities from such Pledgor, except as enforceability may be affected by
bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally, general equitable principles (whether considered in a proceeding in equity or at law) and an
implied covenant of good faith and fair dealing. 
      4.3.5    Except with
respect to security interests in Pledged Securities (if any) constituting Specified Assets, upon the obtaining and maintenance of “control” (as described in the Code) by the U.S. ABL Collateral Agent or the Secured Party Representative,
acting as agent for the U.S. ABL Collateral Agent for purposes of perfection, as applicable, in accordance with the Intercreditor Agreement (or their respective agents appointed for purposes of perfection), of all Pledged Securities that constitute
uncertificated securities, the security interest created by this Agreement in such Pledged Securities that constitute uncertificated securities, will constitute a valid, perfected first priority (subject, in terms of priority only, to the priority
of the Liens of the Cash Flow Collateral Agent or any Additional Agent) security interest in such Pledged Securities constituting uncertificated securities, enforceable in accordance with its terms against all creditors of such Pledgor and any
persons purporting to purchase such Pledged Securities from such Pledgor, to the extent provided in and governed by the Code, except as enforceability may be affected by bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and
other similar laws relating to or affecting creditors’ rights generally, general equitable principles (whether considered in a proceeding in equity or at law) and an implied covenant of good faith and fair dealing. 
  

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 SECTION 5        COVENANTS 
 5.1        Covenants of Each Guarantor. Each Guarantor covenants and agrees with the U.S. ABL Collateral
Agent and the other Secured Parties that, from and after the date of this Agreement until the earliest to occur of (i) the date upon which the Loans and all other Obligations then due and owing, shall have been paid in full in cash and the
Commitments shall have terminated, (ii) as to any Guarantor, the date upon which all the Capital Stock of such Guarantor shall have been sold or otherwise disposed of (to a Person other than the Parent Borrower or a Restricted Subsidiary) in
accordance with the terms of the Credit Agreement or (iii) as to any Guarantor, the designation of such Guarantor as an Unrestricted Subsidiary, such Guarantor shall take, or shall refrain from taking, as the case may be, each action that is
necessary to be taken or not taken, as the case may be, so that no Default or Event of Default is caused by the failure to take such action or to refrain from taking such action by such Guarantor or any of its Restricted Subsidiaries. 
 5.2        Covenants of Each Grantor. Each Grantor covenants and agrees with the U.S. ABL Collateral Agent
and the other Secured Parties that, from and after the date of this Agreement until the earlier to occur of (i) the date upon which the Loans and all other Obligations then due and owing shall have been paid in full in cash and the Commitments
shall have terminated, (ii) as to any Grantor, the date upon which all the Capital Stock of such Grantor shall have been sold or otherwise disposed of (to a Person other than the Parent Borrower or a Restricted Subsidiary) in accordance with
the terms of the ABL Credit Agreement or (iii) as to any Grantor, the designation of such Grantor as an Unrestricted Subsidiary: 
      5.2.1    Delivery of Instruments and Chattel Paper. If any amount payable under or in connection with any of such Grantor’s Collateral shall be or become
evidenced by any Instrument or Chattel Paper, such Grantor shall (except as provided in the following sentence) be entitled to retain possession of all Collateral of such Grantor evidenced by any Instrument or Chattel Paper, and shall hold all such
Collateral in trust for the U.S. ABL Collateral Agent, for the ratable benefit of the Secured Parties. In the event that an Event of Default shall have occurred and be continuing, upon the request of the U.S. ABL Collateral Agent, the Cash Flow
Collateral Agent, any Additional Agent or the Secured Party Representative, as applicable, in accordance with the Intercreditor Agreement, such Instrument or Chattel Paper shall be promptly delivered to the U.S. ABL Collateral Agent or the Secured
Party Representative, acting as agent for the U.S. ABL Collateral Agent, in accordance with the Intercreditor Agreement, duly indorsed in a manner satisfactory to the U.S. ABL Collateral Agent or the Secured Party Representative, as applicable, in
accordance with the Intercreditor Agreement, to be held as Collateral pursuant to this Agreement. Such Grantor shall not permit any other Person to possess any such Collateral at any time other than in connection with any sale or other disposition
of such Collateral in a transaction permitted by the ABL Credit Agreement. 
      5.2.2    Maintenance of Insurance. Such Grantor will maintain with financially sound and reputable insurance companies insurance on, or self insure, all property material to the
business of the Parent Borrower and its Subsidiaries, taken as a whole, in at least such amounts and against at least such risks (but including in any event public liability, product liability and business interruption) as are consistent with the
past practices of the Parent Borrower and its Subsidiaries and otherwise as are usually insured against in the same general area by companies engaged in the same or a similar business; furnish to the U.S. ABL Collateral Agent, upon written request,
information in reasonable detail as to the insurance carried. 
      5.2.3    Payment of Obligations. Such Grantor will pay and discharge or otherwise satisfy at or before maturity or before they become delinquent, as the case may be, all material
taxes, 

  

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assessments and governmental charges or levies imposed upon such Grantor’s Collateral or in respect of income or profits therefrom, as well as all
material claims of any kind (including, without limitation, material claims for labor, materials and supplies) against or with respect to such Grantor’s Collateral, except where the amount or validity thereof is currently being contested in
good faith by appropriate proceedings and reserves in conformity with GAAP with respect thereto have been provided on the books of such Grantor and except to the extent that failure to do so, in the aggregate, would not reasonably be expected to
have a Material Adverse Effect. 
      5.2.4    Maintenance of Perfected
Security Interest; Further Documentation. 
      (a)        Such Grantor shall maintain the security interest created by this Agreement in such Grantor’s Collateral as a security interest having at least the
perfection and priority described in subsection 4.2.2 and shall defend such security interest against the claims and demands of all Persons whomsoever. 
      (b)        Such Grantor will furnish to the U.S. ABL Collateral Agent from time to time statements and schedules further identifying and describing
such Grantor’s Collateral and such other reports in connection with such Grantor’s Collateral as the U.S. ABL Collateral Agent may reasonably request in writing, all in reasonable detail. 
      (c)        At any time and from time to time, upon the written
request of the U.S. ABL Collateral Agent, and at the sole expense of such Grantor, such Grantor will promptly and duly execute and deliver such further instruments and documents and take such further actions as the U.S. ABL Collateral Agent may
reasonably request for the purpose of obtaining or preserving the full benefits of this Agreement and of the rights and powers herein granted by such Grantor, including, without limitation, the filing of any financing or continuation statements
under the Uniform Commercial Code (or other similar laws) in effect in any United States jurisdiction with respect to the security interests created hereby. 
      5.2.5    Changes in Name, Jurisdiction of Organization, etc. Such Grantor will
not, except upon not less than 30 days’ prior written notice to the U.S. ABL Collateral Agent (or such shorter period of time as agreed by the Collateral Agent in its sole discretion), change its name or jurisdiction of organization (whether by
merger or otherwise); provided that, promptly after receiving a written request therefor from the U.S. ABL Collateral Agent, such Grantor shall deliver to the U.S. ABL Collateral Agent all additional financing statements and other documents
reasonably requested by the U.S. ABL Collateral Agent to maintain the validity, perfection and priority of the security interests as and to the extent provided for herein. 
      5.2.6    Notices. Such Grantor will advise the U.S. ABL Collateral Agent
promptly, in reasonable detail, of: 
      (a)        any
Lien (other than security interests created hereby or Liens permitted under the ABL Credit Agreement or Liens described in the definition of “Permitted Lien” in the ABL Credit Agreement) on any of such Grantor’s Collateral which would
materially adversely affect the ability of the U.S. ABL Collateral Agent to exercise any of its remedies hereunder; and 
      (b)        the occurrence of any other event which would reasonably be expected to have a material adverse effect on the security interests created hereby. 
  

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      5.2.7    Pledged Stock. In the
case of each Grantor that is an Issuer, such Issuer agrees that (i) it will be bound by the terms of this Agreement relating to the Pledged Stock other than ULC Shares issued by it and will comply with such terms insofar as such terms are
applicable to it, (ii) it will notify the U.S. ABL Collateral Agent promptly in writing of the occurrence of any of the events described in subsection 5.3.1 with respect to the Pledged Stock issued by it and (iii) the terms of subsections
6.3(c) and 6.7 shall apply to it, mutatis mutandis, with respect to all actions that may be required of it pursuant to subsection 6.3(c) or 6.7 with respect to the Pledged Stock other than ULC Shares issued by it. 
      5.2.8    Accounts Receivable. 
      (a)        With respect to Accounts Receivable constituting
Collateral, other than in the ordinary course of business or as permitted by the Loan Documents, such Grantor will not (i) grant any extension of the time of payment of any of such Grantor’s Accounts Receivable, (ii) compromise or
settle any such Account Receivable for less than the full amount thereof, (iii) release, wholly or partially, any Person liable for the payment of any Account Receivable, (iv) allow any credit or discount whatsoever on any such Account
Receivable or (v) amend, supplement or modify any Account Receivable unless such extensions, compromises, settlements, releases, credits or discounts would not reasonably be expected to materially adversely affect the value of the Accounts
Receivable constituting Collateral taken as a whole. 
      (b)        Such Grantor will deliver to the U.S. ABL Collateral Agent a copy of each material demand, notice or document received by it that questions or calls into doubt
the validity or enforceability of more than 10% of the aggregate amount of the then outstanding Accounts Receivable. 
      5.2.9    Maintenance of Records. Such Grantor will keep and maintain at its own cost and expense reasonably satisfactory and complete records of its Collateral, including, without
limitation, a record of all payments received and all credits granted with respect to such Collateral, and shall mark such records to evidence this Agreement and the Liens and the security interests created hereby. 
      5.2.10  Acquisition of Intellectual Property. Within 90 days after the end of each
calendar year, such Grantor will notify the U.S. ABL Collateral Agent of any acquisition by such Grantor of (i) any registration of any material United States Copyright, Patent or Trademark or (ii) any exclusive rights under a material
United States Copyright License, Patent License or Trademark License constituting Collateral, and shall take such actions as may be reasonably requested by the U.S. ABL Collateral Agent (but only to the extent such actions are within such
Grantor’s control) to perfect the security interest granted to the U.S. ABL Collateral Agent and the other Secured Parties therein, to the extent provided herein in respect of any United States Copyright, Patent or Trademark constituting
Collateral on the date hereof, by (x) the execution and delivery of an amendment or supplement to this Agreement (or amendments to any such agreement previously executed or delivered by such Grantor) and/or (y) the making of appropriate
filings (I) of financing statements under the Uniform Commercial Code of any applicable jurisdiction and/or (II) in the United States Patent and Trademark Office, or with respect to Copyrights and Copyright Licenses, the United States
Copyright Office or any other applicable United State Governmental Authority. 
      5.2.11  Protection of Trade Secrets. Such Grantor shall take all steps which it deems commercially reasonable to preserve and protect the secrecy of all material Trade Secrets of such Grantor.

  

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 5.3        Covenants of Each Pledgor. Each Pledgor
covenants and agrees with the U.S. ABL Collateral Agent and the other Secured Parties that, from and after the date of this Agreement until the earliest to occur of (i) the Loans and all other Obligations then due and owing shall have been paid
in full in cash and the Commitments shall have terminated, (ii) as to any Pledgor, all the Capital Stock of such Pledgor shall have been sold or otherwise disposed of (to a Person other than the Parent Borrower or a Restricted Subsidiary) as
permitted under the terms of the ABL Credit Agreement or (iii) the designation of such Pledgor as an Unrestricted Subsidiary. 
      5.3.1     Additional Shares. If such Pledgor shall, as a result of its ownership of its Pledged Stock, become entitled to receive or shall receive any stock certificate (including,
without limitation, any stock certificate representing a stock dividend or a distribution in connection with any reclassification, increase or reduction of capital or any certificate issued in connection with any reorganization), stock option or
similar rights in respect of the Capital Stock of any Issuer, whether in addition to, in substitution of, as a conversion of, or in exchange for, any shares of the Pledged Stock, or otherwise in respect thereof, such Pledgor shall accept the same as
the agent for the U.S. ABL Collateral Agent and the other Secured Parties, hold the same in trust for the U.S. ABL Collateral Agent and the other Secured Parties and deliver the same forthwith to the U.S. ABL Collateral Agent (that will hold the
same on behalf of the Secured Parties as Pledged Collateral) or the Secured Party Representative, acting as agent for the U.S. ABL Collateral Agent, in accordance with the Intercreditor Agreement, in the exact form received, duly indorsed by such
Pledgor to the U.S. ABL Collateral Agent or the Secured Party Representative, as applicable, in accordance with the Intercreditor Agreement, if required, or accompanied by an undated stock power covering such certificate duly executed in blank by
such Pledgor, to be held by the U.S. ABL Collateral Agent or the Secured Party Representative, as applicable, in accordance with the Intercreditor Agreement, subject to the terms hereof, as additional collateral security for the Obligations (subject
to subsection 3.3 and provided that in no event shall there be pledged, nor shall any Pledgor be required to pledge, more than 65% of any series of the outstanding Capital Stock of any Foreign Subsidiary pursuant to this Agreement). Except in
the case of ULC Shares, any sums paid upon or in respect of the Pledged Stock upon the liquidation or dissolution of any Issuer (except any liquidation or dissolution of any Subsidiary of the Parent Borrower permitted by the ABL Credit Agreement)
shall be paid over to the U.S. ABL Collateral Agent or the Secured Party Representative, acting as agent for the U.S. ABL Collateral Agent, in accordance with the Intercreditor Agreement, to be held by the U.S. ABL Collateral Agent or the Secured
Party Representative, as applicable, in accordance with the Intercreditor Agreement, subject to the terms hereof as additional collateral security for the Obligations, and, except in the case of ULC Shares, in case any distribution of capital shall
be made on or in respect of the Pledged Stock or any property shall be distributed upon or with respect to the Pledged Stock pursuant to the recapitalization or reclassification of the capital of any Issuer or pursuant to the reorganization thereof,
the property so distributed shall, unless otherwise subject to a perfected security interest in favor of the U.S. ABL Collateral Agent, be delivered to the U.S. ABL Collateral Agent, or the Secured Party Representative, acting as agent for the U.S.
ABL Collateral Agent, in accordance with the Intercreditor Agreement, to be held by the U.S. ABL Collateral Agent or the Secured Party Representative, as applicable, in accordance with the Intercreditor Agreement, subject to the terms hereof as
additional collateral security for the Obligations, in each case except as otherwise provided by the Intercreditor Agreement. If any sums of money or property so paid or distributed in respect of the Pledged Stock shall be received by such Pledgor,
such Pledgor shall, until such money or property is paid or delivered to the U.S. ABL Collateral Agent or the Secured Party Representative, acting as agent for the U.S. ABL Collateral Agent, in accordance with the Intercreditor Agreement, hold such
money or property in trust for the Secured Parties, segregated from other funds of such Pledgor, as additional collateral security for the Obligations. 
  

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      5.3.2    Maintenance of Pledged
Stock. Without the prior written consent of the U.S. ABL Collateral Agent, such Pledgor will not (except as permitted by the Credit Agreement) (i) vote to enable, or take any other action to permit, any Issuer to issue any stock or other
equity securities of any nature or to issue any other securities convertible into, or granting the right to purchase or exchange for, any stock or other equity securities of any nature of any Issuer, (ii) sell, assign, transfer, exchange, or
otherwise dispose of, or grant any option with respect to, the Pledged Securities or Proceeds thereof, (iii) create, incur or permit to exist any Lien or option in favor of, or any material adverse claim of any Person with respect to, any of
the Pledged Securities or Proceeds thereof, or any interest therein, except for the security interests created by this Agreement or Liens arising by operation of law or (iv) enter into any agreement or undertaking restricting the right or
ability of such Pledgor or the U.S. ABL Collateral Agent to sell, assign or transfer any of the Pledged Securities or Proceeds thereof. 
      5.3.3    Pledged Notes. Such Pledgor shall, on the date of this Agreement (or on such later date upon which it becomes a party hereto pursuant to subsection
9.15), deliver to the U.S. ABL Collateral Agent, or the Cash Flow Collateral Agent or any Additional Agent, as applicable, in accordance with the Intercreditor Agreement, all Pledged Notes then held by such Pledgor (excluding any Pledged Note the
principal amount of which does not exceed $3,000,000), endorsed in blank or, at the request of the U.S. ABL Collateral Agent or the Secured Party Representative, acting as agent for the U.S. ABL Collateral Agent, in accordance with the Intercreditor
Agreement, endorsed to the U.S. ABL Collateral Agent or the Secured Party Representative, as applicable, in accordance with the Intercreditor Agreement. Furthermore, within ten Business Days after any Pledgor obtains a Pledged Note with a principal
amount in excess of $3,000,000, such Pledgor shall cause such Pledged Note to be delivered to the U.S. ABL Collateral Agent or the Secured Party Representative, acting as agent for the U.S. ABL Collateral Agent, in accordance with the Intercreditor
Agreement, endorsed in blank or, at the request of the U.S. ABL Collateral Agent or the Secured Party Representative, as applicable, in accordance with the Intercreditor Agreement, endorsed to the U.S. ABL Collateral Agent or the Secured Party
Representative, as applicable, in accordance with the Intercreditor Agreement. 
      5.3.4    Maintenance of Security Interest. Such Pledgor shall maintain the security interest created by this Agreement in such Pledgor’s Pledged Collateral as a security interest
having at least the perfection and priority described in subsection 4.3.4 or 4.3.5, as applicable, and shall defend such security interest against the claims and demands of all Persons whomsoever. At any time and from time to time, upon the written
request of the U.S. ABL Collateral Agent and at the sole expense of such Pledgor, such Pledgor will promptly and duly execute and deliver such further instruments and documents and take such further actions as the U.S. ABL Collateral Agent may
reasonably request for the purpose of obtaining or preserving the full benefits of this Agreement and of the rights and powers herein granted by such Pledgor. 
 SECTION 6        REMEDIAL PROVISIONS 
 6.1        Certain Matters Relating to Accounts. 
 (a)        At any time and from time to time after the occurrence and during the continuance of an Event of Default, the U.S. ABL Collateral Agent shall have the right to make test verifications of
the Accounts Receivable in any reasonable manner and through any reasonable medium that it reasonably considers advisable, and the relevant Grantor shall furnish all such assistance and information as the U.S. ABL Collateral Agent may reasonably
require in connection with such test verifications. At any time and from time to time after the occurrence and during the continuance of an Event of Default, upon the U.S. 

  

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ABL Collateral Agent’s reasonable request and at the expense of the relevant Grantor, such Grantor shall cause independent public accountants or others
reasonably satisfactory to the U.S. ABL Collateral Agent to furnish to the U.S. ABL Collateral Agent reports showing reconciliations, aging and test verifications of, and trial balances for, the Accounts Receivable constituting Collateral.

 (b)        The U.S. ABL Collateral Agent hereby authorizes each Grantor to collect such
Grantor’s Accounts Receivable and the U.S. ABL Collateral Agent may curtail or terminate said authority at any time after the occurrence and during the continuance of an Event of Default specified in subsection 9(a) of the ABL Credit Agreement.
If required by the U.S. ABL Collateral Agent at any time after the occurrence and during the continuance of an Event of Default specified in subsection 9(a) of the ABL Credit Agreement, any Proceeds constituting payments or other cash proceeds of
Accounts Receivable constituting Collateral, when collected by such Grantor, (i) shall be forthwith (and, in any event, within two Business Days of receipt by such Grantor) deposited in, or otherwise transferred by such Grantor to, the
Collateral Proceeds Account, subject to withdrawal by the U.S. ABL Collateral Agent for the account of the Secured Parties only as provided in subsection 6.5, and (ii) until so turned over, shall be held by such Grantor in trust for the U.S.
ABL Collateral Agent and the other Secured Parties, segregated from other funds of such Grantor. All Proceeds constituting collections or other cash proceeds of Accounts Receivable constituting Collateral while held by the ABL Collateral Account
Bank (or by any Grantor in trust for the benefit of the U.S. ABL Collateral Agent and the other Secured Parties) shall continue to be collateral security for all of the Obligations and shall not constitute payment thereof until applied as
hereinafter provided. At any time when an Event of Default specified in subsection 9(a) of the ABL Credit Agreement has occurred and is continuing, at the U.S. ABL Collateral Agent’s election, each of the U.S. ABL Collateral Agent and the
Administrative Agent may apply all or any part of the funds on deposit in the Collateral Proceeds Account established by the relevant Grantor to the payment of the Obligations of such Grantor then due and owing, such application to be made as set
forth in subsection 6.5. So long as no Event of Default has occurred and is continuing, the funds on deposit in the Collateral Proceeds Account shall be remitted as provided in subsection 6.1(d). 
 (c)        At any time and from time to time after the occurrence and during the continuance of an Event of
Default specified in subsection 9(a) of the ABL Credit Agreement, at the U.S. ABL Collateral Agent’s request, each Grantor shall deliver to the U.S. ABL Collateral Agent copies or, if required by the U.S. ABL Collateral Agent for the
enforcement thereof or foreclosure thereon, originals of all documents held by such Grantor evidencing, and relating to, the agreements and transactions which gave rise to such Grantor’s Accounts Receivable constituting Collateral, including,
without limitation, all statements relating to such Grantor’s Accounts Receivable constituting Collateral and all orders, invoices and shipping receipts. 
 (d)        So long as no Event of Default has occurred and is continuing, the U.S. ABL Collateral Agent shall instruct the Collateral Account Bank to promptly remit any funds on
deposit in each Grantor’s Collateral Proceeds Account to such Grantor’s General Fund Account or any other account designated by such Grantor. In the event that an Event of Default has occurred and is continuing, the U.S. ABL Collateral
Agent and the Granting Parties agree that the U.S. ABL Collateral Agent, at its option, may require that each Collateral Proceeds Account and the General Fund Account of each Grantor be established at the U.S. ABL Collateral Agent. Each Grantor
shall have the right, at any time and from time to time, to withdraw such of its own funds from its own General Fund Account, and to maintain such balances in its General Fund Account, as it shall deem to be necessary or desirable. 
  

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 6.2        Communications with Obligors; Granting Parties
Remain Liable. 
 (a)        The U.S. ABL Collateral Agent in its own name or in the name of
others, may at any time and from time to time after the occurrence and during the continuance of an Event of Default specified in subsection 9(a) of the ABL Credit Agreement, communicate with obligors under the Accounts Receivable and parties to the
Contracts (in each case, to the extent constituting Collateral) to verify with them to the U.S. ABL Collateral Agent’s satisfaction the existence, amount and terms of any Accounts Receivable or Contracts. 
 (b)        Upon the request of the U.S. ABL Collateral Agent at any time after the occurrence and during the
continuance of an Event of Default specified in subsection 9(a) of the ABL Credit Agreement, each Grantor shall notify obligors on such Grantor’s Accounts Receivable and parties to such Grantor’s Contracts (in each case, to the extent
constituting Collateral) that such Accounts Receivable and such Contracts have been assigned to the U.S. ABL Collateral Agent, for the ratable benefit of the Secured Parties, and that payments in respect thereof shall be made directly to the U.S.
ABL Collateral Agent. 
 (c)        Anything herein to the contrary notwithstanding, each Grantor
shall remain liable under each of such Grantor’s Accounts Receivable to observe and perform all the conditions and obligations to be observed and performed by it thereunder, all in accordance with the terms of any agreement giving rise thereto.
None of the U.S. ABL Collateral Agent, the Administrative Agent or any other Secured Party shall have any obligation or liability under any Account Receivable (or any agreement giving rise thereto) by reason of or arising out of this Agreement or
the receipt by the U.S. ABL Collateral Agent or any other Secured Party of any payment relating thereto, nor shall the U.S. ABL Collateral Agent or any other Secured Party be obligated in any manner to perform any of the obligations of any Grantor
under or pursuant to any Account Receivable (or any agreement giving rise thereto) to make any payment, to make any inquiry as to the nature or the sufficiency of any payment received by it or as to the sufficiency of any performance by any party
thereunder, to present or file any claim, to take any action to enforce any performance or to collect the payment of any amounts that may have been assigned to it or to which it may be entitled at any time or times. 
 6.3        Pledged Stock. 
 (a)        Subject to subsection 3.3(d) hereof, unless an Event of Default shall have occurred and be continuing and the U.S. ABL Collateral Agent shall have given notice to the
relevant Pledgor of the U.S. ABL Collateral Agent’s intent to exercise its corresponding rights pursuant to subsection 6.3(b), each Pledgor shall be permitted to receive all cash dividends and distributions paid in respect of the Pledged Stock
(subject to the last two sentences of subsection 5.3.1 of this Agreement) and all payments made in respect of the Pledged Notes, to the extent permitted in the ABL Credit Agreement, and to exercise all voting and corporate rights with respect to the
Pledged Stock; provided, however, that no vote shall be cast or corporate right exercised or such other action taken (other than in connection with a transaction expressly permitted by the ABL Credit Agreement) which, in the U.S. ABL
Collateral Agent’s reasonable judgment, would materially impair the Pledged Stock or the related rights or remedies of the Secured Parties or which would be inconsistent with or result in any violation of any provision of the ABL Credit
Agreement, this Agreement or any other Loan Document. 
 (b)        If an Event of Default shall
occur and be continuing and the U.S. ABL Collateral Agent shall give notice of its intent to exercise such rights to the relevant Pledgor or Pledgors, (i) the U.S. ABL Collateral Agent or the Secured Party Representative, acting as agent for
the U.S. ABL Collateral Agent, in accordance with the terms of the Intercreditor Agreement, shall have the right, except in the case of ULC Shares, to receive any and all cash dividends, payments or other Proceeds paid in respect of the Pledged
Stock and make application thereof to the Obligations of the relevant Pledgor in such order as is 

  

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provided in subsection 6.5, and (ii) except in the case of ULC Shares, any or all of the Pledged Stock shall be registered in the name of the U.S. ABL
Collateral Agent or the Secured Party Representative, or the respective nominee of either thereof, as applicable, in accordance with the Intercreditor Agreement, and the U.S. ABL Collateral Agent or the Secured Party Representative, or the
respective nominee of either thereof, as applicable, in accordance with the terms of the Intercreditor Agreement, may thereafter exercise (x) except in the case of ULC Shares, all voting, corporate and other rights pertaining to such Pledged
Stock at any meeting of shareholders of the relevant Issuer or Issuers or otherwise and (y) except in the case of ULC Shares, any and all rights of conversion, exchange, subscription and any other rights, privileges or options pertaining to
such Pledged Stock as if it were the absolute owner thereof (including, without limitation, the right to exchange at its discretion any and all of the Pledged Stock other than ULC Shares upon the merger, consolidation, reorganization,
recapitalization or other fundamental change in the corporate structure of any Issuer, or upon the exercise by the relevant Pledgor or the U.S. ABL Collateral Agent or the Secured Party Representative, as applicable, in accordance with the terms of
the Intercreditor Agreement, of any right, privilege or option pertaining to such Pledged Stock other than ULC Shares, and in connection therewith, the right to deposit and deliver any and all of the Pledged Stock other than ULC Shares with any
committee, depositary, transfer agent, registrar or other designated agency upon such terms and conditions as the U.S. ABL Collateral Agent or the Secured Party Representative, as applicable, in accordance with the terms of the Intercreditor
Agreement, may reasonably determine), all without liability (other than for its gross negligence or willful misconduct) except to account for property actually received by it, but the U.S. ABL Collateral Agent or the Secured Party Representative, as
applicable, shall have no duty to any Pledgor to exercise any such right, privilege or option and shall not be responsible for any failure to do so or delay in so doing, provided that the U.S. ABL Collateral Agent or the Secured Party
Representative, as applicable, shall not exercise any voting or other consensual rights pertaining to the Pledged Stock in any way that would constitute an exercise of the remedies described in subsection 6.6 other than in accordance with
subsection 6.6. 
 (c)        Each Pledgor hereby authorizes and instructs each Issuer or maker of
any Pledged Securities pledged by such Pledgor hereunder other than ULC Shares to (i) comply with any instruction received by it from the U.S. ABL Collateral Agent in writing that (x) states that an Event of Default has occurred and is
continuing and (y) is otherwise in accordance with the terms of this Agreement, without any other or further instructions from such Pledgor, and each Pledgor agrees that each Issuer or maker shall be fully protected in so complying, and
(ii) unless otherwise expressly permitted or prohibited hereby, pay any dividends or other payments with respect to the Pledged Securities directly to the U.S. ABL Collateral Agent. 
 6.4        Proceeds To Be Turned Over to the U.S. ABL Collateral Agent.  In addition to the
rights of the U.S. ABL Collateral Agent and the other Secured Parties specified in subsection 6.1 with respect to payments of Accounts Receivable constituting Collateral, if an Event of Default shall occur and be continuing, and the U.S. ABL
Collateral Agent shall have instructed any Grantor to do so, all Proceeds of Security Collateral received by such Grantor consisting of cash, checks and other Cash Equivalent items shall be held by such Grantor in trust for the U.S. ABL Collateral
Agent and the other Secured Parties hereto, the Cash Flow Collateral Agent and the other Secured Parties (as defined in the Cash Flow Guarantee and Collateral Agreement), any Additional Agent and the other applicable Additional Secured Parties (as
defined in the Intercreditor Agreement) or the Secured Party Representative, as applicable, in accordance with the terms of the Intercreditor Agreement, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such Grantor,
be turned over to the U.S. ABL Collateral Agent, the Cash Flow Collateral Agent, any Additional Agent or the Secured Party Representative, as applicable, in accordance with the terms of the Intercreditor Agreement (or their respective agents
appointed for purposes of perfection), in the exact form received by such Grantor (duly indorsed by such Grantor to the U.S. ABL Collateral Agent, the Cash Flow Collateral Agent, any Additional Agent or the Secured Party Representative, 

  

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as applicable, in accordance with the terms of the Intercreditor Agreement, if required). All Proceeds of Security Collateral received by the U.S. ABL
Collateral Agent hereunder shall be held by the U.S. ABL Collateral Agent in the relevant Collateral Proceeds Account maintained under its sole dominion and control. All Proceeds of Security Collateral while held by the U.S. ABL Collateral Agent in
such Collateral Proceeds Account (or by the relevant Grantor in trust for the U.S. ABL Collateral Agent and the other Secured Parties) shall continue to be held as collateral security for all the Obligations of such Grantor and shall not constitute
payment thereof until applied as provided in subsection 6.5. 
 6.5        Application of
Proceeds.  It is agreed that if an Event of Default shall occur and be continuing, any and all Proceeds of the relevant Granting Party’s Collateral (as defined in the ABL Credit Agreement) received by the U.S. ABL Collateral Agent
(whether from the relevant Granting Party or otherwise) shall be held by the U.S. ABL Collateral Agent for the benefit of the Secured Parties as collateral security for the Obligations of the relevant Granting Party (whether matured or unmatured),
and/or then or at any time thereafter may, in the sole discretion of the U.S. ABL Collateral Agent, be applied by the U.S. ABL Collateral Agent against the Obligations of the relevant Granting Party then due and owing in the order of priority set
forth in the Intercreditor Agreement. 
 6.6        Code and Other
Remedies.  Subject to subsection 3.3(d) hereof, if an Event of Default shall occur and be continuing, the U.S. ABL Collateral Agent, on behalf of the Secured Parties, may exercise, in addition to all other rights and remedies granted
to them in this Agreement and in any other instrument or agreement securing, evidencing or relating to the Obligations to the extent permitted by applicable law, all rights and remedies of a secured party under the Code or any other applicable law.
Subject to subsection 3.3(d) hereof, without limiting the generality of the foregoing, to the extent permitted by applicable law, the U.S. ABL Collateral Agent, without demand of performance or other demand, presentment, protest, advertisement or
notice of any kind (except any notice required by law referred to below) to or upon any Granting Party or any other Person (all and each of which demands, defenses, advertisements and notices are hereby waived), may in such circumstances, forthwith
(subject to the terms of any documentation governing any Special Purpose Financing) collect, receive, appropriate and realize upon the Security Collateral, or any part thereof, and/or may forthwith, subject to any existing reserved rights or
licenses, sell, lease, assign, give option or options to purchase, or otherwise dispose of and deliver the Security Collateral or any part thereof (or contract to do any of the foregoing), in one or more parcels at public or private sale or sales,
at any exchange, broker’s board or office of the U.S. ABL Collateral Agent or any other Secured Party or elsewhere upon such terms and conditions as it may deem advisable and at such prices as it may deem best, for cash or on credit or for
future delivery without assumption of any credit risk. The U.S. ABL Collateral Agent or any other Secured Party shall have the right, to the extent permitted by law, upon any such sale or sales, to purchase the whole or any part of the Security
Collateral so sold, free of any right or equity of redemption in such Granting Party, which right or equity is hereby waived and released. Each Granting Party further agrees, at the U.S. ABL Collateral Agent’s request (subject to the terms of
any documentation governing any Special Purpose Financing), to assemble the Security Collateral and make it available to the U.S. ABL Collateral Agent at places which the U.S. ABL Collateral Agent shall reasonably select, whether at such Granting
Party’s premises or elsewhere. The U.S. ABL Collateral Agent shall apply the net proceeds of any action taken by it pursuant to this subsection 6.6, after deducting all reasonable costs and expenses of every kind incurred in connection
therewith or incidental to the care or safekeeping of any of the Security Collateral or in any way relating to the Security Collateral or the rights of the U.S. ABL Collateral Agent and the other Secured Parties hereunder, including, without
limitation, reasonable attorneys’ fees and disbursements, to the payment in whole or in part of the Obligations of the relevant Granting Party then due and owing, in the order of priority specified in subsection 6.5 above, and only after such
application and after the payment by the U.S. ABL Collateral Agent of any other amount required by any provision of law, including, without limitation, Section 9-615(a)(3) of the Code, need the U.S. ABL Collateral Agent account for the surplus,
if 

  

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any, to such Granting Party. To the extent permitted by applicable law, (i) such Granting Party waives all claims, damages and demands it may acquire
against the U.S. ABL Collateral Agent or any other Secured Party arising out of the repossession, retention or sale of the Security Collateral, other than any such claims, damages and demands that may arise from the gross negligence or willful
misconduct of any of the U.S. ABL Collateral Agent or such other Secured Party, and (ii) if any notice of a proposed sale or other disposition of Security Collateral shall be required by law, such notice shall be deemed reasonable and proper if
given at least 10 days before such sale or other disposition. 
 6.7        Registration
Rights. 
 (a)        If the U.S. ABL Collateral Agent shall determine to exercise its right to
sell any or all of the Pledged Stock pursuant to subsection 6.6, and if in the reasonable opinion of the U.S. ABL Collateral Agent it is necessary or reasonably advisable to have the Pledged Stock, or that portion thereof to be sold, registered
under the provisions of the Securities Act, the relevant Pledgor, subject to subsection 3.3(d) hereof, will use its reasonable best efforts to cause the Issuer thereof to (i) execute and deliver, and use its best efforts to cause the directors
and officers of such Issuer to execute and deliver, all such instruments and documents, and do or cause to be done all such other acts as may be, in the reasonable opinion of the U.S. ABL Collateral Agent, necessary or advisable to register such
Pledged Stock, or that portion thereof to be sold, under the provisions of the Securities Act, (ii) use its reasonable best efforts to cause the registration statement relating thereto to become effective and to remain effective for a period of
not more than one year from the date of the first public offering of such Pledged Stock, or that portion thereof to be sold, and (iii) make all amendments thereto and/or to the related prospectus which, in the reasonable opinion of the U.S. ABL
Collateral Agent, are necessary or advisable, all in conformity with the requirements of the Securities Act and the rules and regulations of the Securities and Exchange Commission applicable thereto. Such Pledgor agrees to use its reasonable best
efforts to cause such Issuer to comply with the provisions of the securities or “Blue Sky” laws of any and all states and the District of Columbia that the U.S. ABL Collateral Agent shall reasonably designate and to make available to its
security holders, as soon as practicable, an earnings statement (which need not be audited) that will satisfy the provisions of Section 11(a) of the Securities Act. 
 (b)        Such Pledgor recognizes that the U.S. ABL Collateral Agent may be unable to effect a public sale of any or all such Pledged Stock, by reason of certain prohibitions
contained in the Securities Act and applicable state securities laws or otherwise, and may be compelled to resort to one or more private sales thereof to a restricted group of purchasers which will be obliged to agree, among other things, to acquire
such securities for their own account for investment and not with a view to the distribution or resale thereof. Such Pledgor acknowledges and agrees that any such private sale may result in prices and other terms less favorable than if such sale
were a public sale and, notwithstanding such circumstances, to the extent permitted by applicable law, agrees that any such private sale shall be deemed to have been made in a commercially reasonable manner. The U.S. ABL Collateral Agent shall not
be under any obligation to delay a sale of any of the Pledged Stock for the period of time necessary to permit the Issuer thereof to register such securities for public sale under the Securities Act, or under applicable state securities laws, even
if such Issuer would agree to do so. 
 (c)        Such Pledgor agrees to use its reasonable best
efforts to do or cause to be done all such other acts as may be necessary to make such sale or sales of all or any portion of such Pledged Stock pursuant to this subsection 6.7 valid and binding and in compliance with any and all other applicable
Requirements of Law. Such Pledgor further agrees that a breach of any of the covenants contained in this subsection 6.7 will cause irreparable injury to the U.S. ABL Collateral Agent and the Lenders, that the U.S. ABL Collateral Agent and the
Lenders have no adequate remedy at law in respect of such breach and, as a consequence, that each and every covenant contained in this subsection 6.7 shall be specifically 

  

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enforceable against such Pledgor, and, to the extent permitted by applicable law, such Pledgor hereby waives and agrees not to assert any defenses against an
action for specific performance of such covenants except for a defense that no Event of Default has occurred or is continuing under the ABL Credit Agreement. 
 6.8        Waiver; Deficiency.  Each Granting Party shall remain liable for any deficiency if the proceeds of any sale or other disposition of the Security
Collateral are insufficient to pay in full, the Loans and, to the extent then due and owing, all other Obligations of such Granting Party and the reasonable fees and disbursements of any attorneys employed by the U.S. ABL Collateral Agent or any
other Secured Party to collect such deficiency. 
 SECTION 7        THE U.S. ABL COLLATERAL AGENT

 7.1        U.S. ABL Collateral Agent’s Appointment as Attorney-in-Fact, etc.

 (a)        Each Granting Party hereby irrevocably constitutes and appoints the U.S. ABL Collateral
Agent and any authorized officer or agent thereof, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of such Granting Party and in the name of such Granting
Party or in its own name, for the purpose of carrying out the terms of this Agreement, to take any and all appropriate action and to execute any and all documents and instruments that may be reasonably necessary or desirable to accomplish the
purposes of this Agreement to the extent permitted by applicable law, provided that the U.S. ABL Collateral Agent agrees not to exercise such power except upon the occurrence and during the continuance of any Event of Default. Without
limiting the generality of the foregoing, at any time when an Event of Default has occurred and is continuing (in each case to the extent permitted by applicable law), (x) each Pledgor hereby gives the U.S. ABL Collateral Agent the power and
right, on behalf of such Pledgor, without notice or assent by such Pledgor, to execute, in connection with any sale provided for in subsection 6.6 or 6.7, any indorsements, assessments or other instruments of conveyance or transfer with respect to
such Pledgor’s Pledged Collateral, and (y) each Grantor hereby gives the U.S. ABL Collateral Agent the power and right, on behalf of such Grantor, without notice to or assent by such Grantor, to do any or all of the following: 

(i)        subject to the terms of any documentation governing any Special Purpose Financing
in the name of such Grantor or its own name, or otherwise, take possession of and indorse and collect any checks, drafts, notes, acceptances or other instruments for the payment of moneys due under any Account Receivable of such Grantor that
constitutes Collateral or with respect to any other Security Collateral of such Grantor and file any claim or take any other action or institute any proceeding in any court of law or equity or otherwise deemed appropriate by the U.S. ABL Collateral
Agent for the purpose of collecting any and all such moneys due under any Account Receivable of such Grantor that constitutes Collateral or with respect to any other Collateral of such Grantor whenever payable; 
 (ii)        in the case of any Copyright, Patent, or Trademark constituting Collateral of such
Grantor, execute and deliver any and all agreements, instruments, documents and papers as the U.S. ABL Collateral Agent may reasonably request to such Grantor to evidence the U.S. ABL Collateral Agent’s and the Lenders’ security interest
in such Copyright, Patent, or Trademark and the goodwill and general intangibles of such Grantor relating thereto or represented thereby; 
 (iii)       pay or discharge taxes and Liens, other than Liens permitted under this Agreement or the other Loan Documents, levied or placed on the Security Collateral of such
Grantor, effect any repairs or any insurance called for by the terms of this Agreement and pay all or any part of the premiums therefor and the costs thereof; and 
  

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 (iv)       subject to subsection 3.3(d) hereof and to
the terms of any documentation governing any Special Purpose Financing, (A) direct any party liable for any payment under any of the Security Collateral of such Grantor to make payment of any and all moneys due or to become due thereunder
directly to the U.S. ABL Collateral Agent or as the U.S. ABL Collateral Agent shall direct; (B) ask or demand for, collect, receive payment of and receipt for, any and all moneys, claims and other amounts due or to become due at any time in
respect of or arising out of any Security Collateral of such Grantor; (C) sign and indorse any invoices, freight or express bills, bills of lading, storage or warehouse receipts, drafts against debtors, assignments, verifications, notices and
other documents in connection with any of the Security Collateral of such Grantor; (D) commence and prosecute any suits, actions or proceedings at law or in equity in any court of competent jurisdiction to collect the Security Collateral of
such Grantor or any portion thereof and to enforce any other right in respect of any Security Collateral of such Grantor; (E) defend any suit, action or proceeding brought against such Grantor with respect to any Security Collateral of such
Grantor; (F) settle, compromise or adjust any such suit, action or proceeding described in clause (E) above and, in connection therewith, to give such discharges or releases as the U.S. ABL Collateral Agent may deem appropriate;
(G) subject to any existing reserved rights or licenses, assign any Copyright, Patent or Trademark constituting Security Collateral of such Grantor (along with the goodwill of the business to which any such Copyright, Patent or Trademark
pertains), for such term or terms, on such conditions, and in such manner, as the U.S. ABL Collateral Agent shall in its sole discretion determine; and (H) generally, sell, transfer, pledge and make any agreement with respect to or otherwise
deal with any of the Security Collateral of such Grantor as fully and completely as though the U.S. ABL Collateral Agent were the absolute owner thereof for all purposes, and do, at the U.S. ABL Collateral Agent’s option and such Grantor’s
expense, at any time, or from time to time, all acts and things which the U.S. ABL Collateral Agent deems necessary to protect, preserve or realize upon the Security Collateral of such Grantor and the U.S. ABL Collateral Agent’s and the other
Secured Parties’ security interests therein and to effect the intent of this Agreement, all as fully and effectively as such Grantor might do. 
 (b)        The reasonable expenses of the U.S. ABL Collateral Agent incurred in connection with actions undertaken as provided in this subsection 7.1, together with interest thereon at a rate per
annum equal to the rate per annum at which interest would then be payable on past due ABR Loans, from the date of payment by the U.S. ABL Collateral Agent to the date reimbursed by the relevant Granting Party, shall be payable by such Granting Party
to the U.S. ABL Collateral Agent on demand. 
 (c)        Each Granting Party hereby ratifies all
that said attorney shall lawfully do or cause to be done by virtue hereof. All powers, authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable as to the relevant Granting Party until this Agreement is
terminated as to such Granting Party, and the security interests in the Security Collateral of such Granting Party created hereby are released. 
 7.2        Duty of U.S. ABL Collateral Agent.  The U.S. ABL Collateral Agent’s sole duty with respect to the custody, safekeeping and physical preservation of the Security
Collateral in its possession, under Section 9-207 of the Code or otherwise, shall be to deal with it in the same manner as the U.S. ABL Collateral Agent deals with similar property for its own account. None of the U.S. ABL Collateral Agent, any
other Secured Party or any of their respective officers, directors, employees or agents shall be liable for failure to demand, collect or realize upon any of the Security Collateral or for any delay in doing so or shall be under any obligation to
sell or otherwise dispose of any Security Collateral upon the request of any Granting Party or any other Person or, except as otherwise provided herein, to take any other action whatsoever with regard to the Security Collateral or any part thereof.
The powers conferred on the U.S. ABL Collateral Agent and the other Secured Parties hereunder are solely to protect the U.S. ABL Collateral 

  

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Agent’s and the other Secured Parties’ interests in the Security Collateral and shall not impose any duty upon the U.S. ABL Collateral Agent or any
other Secured Party to exercise any such powers. The U.S. ABL Collateral Agent and the other Secured Parties shall be accountable only for amounts that they actually receive as a result of the exercise of such powers, and neither they nor any of
their officers, directors, employees or agents shall be responsible to any Granting Party for any act or failure to act hereunder, except as otherwise provided herein or for their own gross negligence or willful misconduct. 
 7.3        Financing Statements.  Pursuant to any applicable law, each Granting Party authorizes
the U.S. ABL Collateral Agent to file or record financing statements and other filing or recording documents or instruments with respect to such Granting Party’s Security Collateral without the signature of such Granting Party in such form and
in such filing offices as the U.S. ABL Collateral Agent reasonably determines appropriate to perfect the security interests of the U.S. ABL Collateral Agent under this Agreement. Each Granting Party authorizes the U.S. ABL Collateral Agent to use
any collateral description reasonably determined by the U.S. ABL Collateral Agent, including the collateral description “all personal property” or “all assets” in any such financing statements. The U.S. ABL Collateral Agent
agrees to notify the relevant Granting Party of any financing or continuation statement filed by it; provided that any failure to give such notice shall not affect the validity or effectiveness of any such filing. 
 7.4        Authority of U.S. ABL Collateral Agent.  Each Granting Party acknowledges that the
rights and responsibilities of the U.S. ABL Collateral Agent under this Agreement with respect to any action taken by the U.S. ABL Collateral Agent or the exercise or non-exercise by the U.S. ABL Collateral Agent of any option, voting right,
request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement or any amendment, supplement or other modification of this Agreement shall, as between the U.S. ABL Collateral Agent and the Secured
Parties, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the U.S. ABL Collateral Agent and the Granting Parties, the U.S. ABL Collateral Agent shall be
conclusively presumed to be acting as agent for the Secured Parties with full and valid authority so to act or refrain from acting, and no Granting Party shall be under any obligation, or entitlement, to make any inquiry respecting such authority.

 7.5        Right of Inspection.  Upon reasonable written advance notice to any
Grantor and as often as may reasonably be desired, or at any time and from time to time after the occurrence and during the continuation of an Event of Default, the U.S. ABL Collateral Agent shall have reasonable access during normal business hours
to all the books, correspondence and records of such Grantor, and the U.S. ABL Collateral Agent and its representatives may examine the same, and to the extent reasonable take extracts therefrom and make photocopies thereof, and such Grantor agrees
to render to the U.S. ABL Collateral Agent, at such Grantor’s reasonable cost and expense, such clerical and other assistance as may be reasonably requested with regard thereto. The U.S. ABL Collateral Agent and its representatives shall also
have the right, upon reasonable advance written notice to such Grantor subject to any lease restrictions, to enter during normal business hours into and upon any premises owned, leased or operated by such Grantor where any of such Grantor’s
Inventory or Equipment is located for the purpose of inspecting the same, observing its use or otherwise protecting its interests therein. 
 SECTION 8        NON-LENDER SECURED PARTIES 
 8.1        Rights to Collateral. 
 (a)        The Non-Lender Secured Parties shall not have any right whatsoever to do any of the following: (i) exercise any rights or remedies with respect to the Collateral (such term, as used in
this Section 8, having the meaning assigned to it in the Credit Agreement), including, without limitation, the right to (A) enforce any Liens or sell or otherwise foreclose on any portion of the Collateral, (B) request any 

  

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action, institute any proceedings, exercise any voting rights, give any instructions, make any election, notice account debtors or make collections with
respect to all or any portion of the Collateral or (C) release any Guarantor under this Agreement or release any Collateral from the Liens of any Security Document or consent to or otherwise approve any such release; (ii) demand, accept or
obtain any Lien on any Collateral (except for Liens arising under, and subject to the terms of, this Agreement); (iii) vote in any Bankruptcy Case or similar proceeding in respect of the Parent Borrower or any of its Subsidiaries (any such
proceeding, for purposes of this clause (a), a “Bankruptcy”) with respect to, or take any other actions concerning the Collateral; (iv) receive any proceeds from any sale, transfer or other disposition of any of the Collateral
(except in accordance with this Agreement); (v) oppose any sale, transfer or other disposition of the Collateral; (vi) object to any debtor-in-possession financing in any Bankruptcy which is provided by one or more Lenders among others
(including on a priming basis under Section 364(d) of the Bankruptcy Code); (vii) object to the use of cash collateral in respect of the Collateral in any Bankruptcy; or (viii) seek, or object to the Lenders seeking on an equal and
ratable basis, any adequate protection or relief from the automatic stay with respect to the Collateral in any Bankruptcy. 
 (b)        Each Non-Lender Secured Party, by its acceptance of the benefits of this Agreement and the other Security Documents, agrees that in exercising rights and remedies with respect to the
Collateral, the U.S. ABL Collateral Agent and the Lenders, with the consent of the U.S. ABL Collateral Agent, may enforce the provisions of the Security Documents and exercise remedies thereunder and under any other Loan Documents (or refrain from
enforcing rights and exercising remedies), all in such order and in such manner as they may determine in the exercise of their sole business judgment. Such exercise and enforcement shall include, without limitation, the rights to collect, sell,
dispose of or otherwise realize upon all or any part of the Collateral, to incur expenses in connection with such collection, sale, disposition or other realization and to exercise all the rights and remedies of a secured lender under the Uniform
Commercial Code of any applicable jurisdiction. The Non-Lender Secured Parties by their acceptance of the benefits of this Agreement and the other Security Documents hereby agree not to contest or otherwise challenge any such collection, sale,
disposition or other realization of or upon all or any of the Collateral. Whether or not a Bankruptcy Case has been commenced, the Non-Lender Secured Parties shall be deemed to have consented to any sale or other disposition of any property,
business or assets of the Parent Borrower or any of its Subsidiaries and the release of any or all of the Collateral from the Liens of any Security Document in connection therewith. 
 (c)        Notwithstanding any provision of this subsection 8.1, the Non-Lender Secured Parties shall be entitled
to file any necessary responsive or defensive pleadings in opposition to any motion, claim, adversary proceeding or other pleadings (A) in order to prevent any Person from seeking to foreclose on the Collateral or supersede the Non-Lender
Secured Parties’ claim thereto or (B) in opposition to any motion, claim, adversary proceeding or other pleading made by any Person objecting to or otherwise seeking the disallowance of the claims of the Non-Lender Secured Parties.

 (d)        Each Non-Lender Secured Party, by its acceptance of the benefit of this Agreement,
agrees that the U.S. ABL Collateral Agent and the Lenders may deal with the Collateral, including any exchange, taking or release of Collateral, may change or increase the amount of the Borrower Obligations and/or the Guarantor Obligations, and may
release any Guarantor from its Obligations hereunder, all without any liability or obligation (except as may be otherwise expressly provided herein) to the Non-Lender Secured Parties. 
 8.2        Appointment of Agent.  Each Non-Lender Secured Party, by its acceptance of the
benefits of this Agreement and the other Security Documents, shall be deemed irrevocably to make, constitute and appoint the U.S. ABL Collateral Agent, as agent under the ABL Credit Agreement (and all officers, employees or agents designated by the
U.S. ABL Collateral Agent) as such Person’s true and lawful agent 

  

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and attorney-in-fact, and in such capacity, the U.S. ABL Collateral Agent shall have the right, with power of substitution for the Non-Lender Secured Parties
and in each such Person’s name or otherwise, to effectuate any sale, transfer or other disposition of the Collateral. It is understood and agreed that the appointment of the U.S. ABL Collateral Agent as the agent and attorney-in-fact of the
Non-Lender Secured Parties for the purposes set forth herein is coupled with an interest and is irrevocable. It is understood and agreed that the U.S. ABL Collateral Agent has appointed the Administrative Agent as its agent for purposes of
perfecting certain of the security interests created hereunder and for otherwise carrying out certain of its obligations hereunder. 
 8.3        Waiver of Claims.  To the maximum extent permitted by law, each Non-Lender Secured Party waives any claim it might have against the U.S. ABL Collateral Agent or the Lenders
with respect to, or arising out of, any action or failure to act or any error of judgment, negligence, or mistake or oversight whatsoever on the part of the U.S. ABL Collateral Agent or the Lenders or their respective directors, officers, employees
or agents with respect to any exercise of rights or remedies under the Loan Documents or any transaction relating to the Collateral (including, without limitation, any such exercise described in subsection 8.1(b) above), except for any such action
or failure to act which constitutes willful misconduct or gross negligence of such Person. None of the U.S. ABL Collateral Agent, any Lender or any of their respective directors, officers, employees or agents shall be liable for failure to demand,
collect or realize upon any of the Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise dispose of any Collateral upon the request of the Parent Borrower, any Subsidiary of the Parent Borrower, any Non-Lender
Secured Party or any other Person or to take any other action or forbear from doing so whatsoever with regard to the Collateral or any part thereof, except for any such action or failure to act which constitutes willful misconduct or gross
negligence of such Person. 
 SECTION 9        MISCELLANEOUS 
 9.1        Amendments in Writing.  None of the terms or provisions of this Agreement may be
waived, amended, supplemented or otherwise modified except by a written instrument executed by each affected Granting Party and the U.S. ABL Collateral Agent; provided that (a) any provision of this Agreement imposing obligations on any
Granting Party may be waived by the U.S. ABL Collateral Agent in a written instrument executed by the U.S. ABL Collateral Agent and (b) notwithstanding anything to the contrary in subsection 11.1 of the ABL Credit Agreement, no such waiver and
no such amendment or modification shall amend, modify or waive the definition of “Secured Party” or subsection 6.5 if such waiver, amendment, or modification would adversely affect a Secured Party without the written consent of each such
affected Secured Party. For the avoidance of doubt, it is understood and agreed that any amendment, amendment and restatement, waiver, supplement or other modification of or to the Intercreditor Agreement that would have the effect, directly or
indirectly, through any reference herein to the Intercreditor Agreement or otherwise, of waiving, amending, supplementing or otherwise modifying this Agreement, or any term or provision hereof, or any right or obligation of any Granting Party
hereunder or in respect hereof, shall not be given such effect except pursuant to a written instrument executed by each affected Granting Party and the U.S. ABL Collateral Agent in accordance with this subsection 9.1. 
 9.2        Notices.  All notices, requests and demands to or upon the U.S. ABL Collateral Agent
or any Granting Party hereunder shall be effected in the manner provided for in subsection 11.2 of the ABL Credit Agreement; provided that any such notice, request or demand to or upon any Guarantor shall be addressed to such Guarantor at its
notice address set forth on Schedule 1, unless and until such Guarantor shall change such address by notice to the U.S. ABL Collateral Agent and the Administrative Agent given in accordance with subsection 11.2 of the ABL Credit
Agreement. 
  

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 9.3        No Waiver by Course of Conduct; Cumulative
Remedies.  None of the U.S. ABL Collateral Agent or any other Secured Party shall by any act (except by a written instrument pursuant to subsection 9.1), delay, indulgence, omission or otherwise be deemed to have waived any right or
remedy hereunder or to have acquiesced in any Default or Event of Default. No failure to exercise, nor any delay in exercising, on the part of the U.S. ABL Collateral Agent or any other Secured Party, any right, power or privilege hereunder shall
operate as a waiver thereof. No single or partial exercise of any right, power or privilege hereunder shall preclude any other or further exercise thereof or the exercise of any other right, power or privilege. A waiver by the U.S. ABL Collateral
Agent or any other Secured Party of any right or remedy hereunder on any one occasion shall not be construed as a bar to any right or remedy which the U.S. ABL Collateral Agent or such other Secured Party would otherwise have on any future occasion.
The rights and remedies herein provided are cumulative, may be exercised singly or concurrently and are not exclusive of any other rights or remedies provided by law. 
 9.4        Enforcement Expenses; Indemnification. 
 (a)        Each Guarantor jointly and severally agrees to pay or reimburse each Secured Party and the U.S. ABL Collateral Agent for all their respective reasonable costs and expenses incurred in
collecting against any Guarantor under the guarantee contained in Section 2 or otherwise enforcing or preserving any rights under this Agreement against such Guarantor and the other Loan Documents to which such Guarantor is a party, including,
without limitation, the reasonable fees and disbursements of counsel to the Secured Parties, the U.S. ABL Collateral Agent and the Administrative Agent. 
 (b)        Each Grantor jointly and severally agrees to pay, and to save the U.S. ABL Collateral Agent, the Administrative Agent and the other Secured Parties harmless from,
(x) any and all liabilities with respect to, or resulting from any delay in paying, any and all stamp, excise, sales or other similar taxes which may be payable or determined to be payable with respect to any of the Security Collateral or in
connection with any of the transactions contemplated by this Agreement and (y) any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever with
respect to the execution, delivery, enforcement, performance and administration of this Agreement (collectively, the “indemnified liabilities”), in each case to the extent the Parent Borrower would be required to do so pursuant to
subsection 11.5 of the ABL Credit Agreement, and in any event excluding any taxes or other indemnified liabilities arising from gross negligence or willful misconduct of the U.S. ABL Collateral Agent, the Administrative Agent or any other Secured
Party. 
 (c)        The agreements in this subsection 9.4 shall survive repayment of the Obligations
and all other amounts payable under the ABL Credit Agreement and the other Loan Documents. 
 9.5        Successors and Assigns.  This Agreement shall be binding upon and shall inure to the benefit of the Granting Parties, the U.S. ABL Collateral Agent and the Secured Parties
and their respective successors and assigns; provided that no Granting Party may assign, transfer or delegate any of its rights or obligations under this Agreement without the prior written consent of the U.S. ABL Collateral Agent.

 9.6        Set-Off.  Each Guarantor hereby irrevocably authorizes each of the
Administrative Agent and the U.S. ABL Collateral Agent and each other Secured Party at any time and from time to time without notice to such Guarantor, any other Guarantor or any of the Borrowers, any such notice being expressly waived by each
Guarantor and by each Borrower, to the extent permitted by applicable law, upon the occurrence and during the continuance of an Event of Default under subsection 9(a) of the ABL Credit Agreement so long as any amount remains unpaid after it becomes
due and payable by such Guarantor hereunder, to set-off and appropriate and apply against any such amount any and all deposits (general or special, time or demand, provisional or final) (other than the Collateral Proceeds Account), in any currency,

  

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and any other credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any
time held or owing by the U.S. ABL Collateral Agent, the Administrative Agent or such other Secured Party to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the U.S. ABL Collateral Agent, the Administrative
Agent or such other Secured Party may elect. The U.S. ABL Collateral Agent, the Administrative Agent and each other Secured Party shall notify such Guarantor promptly of any such set-off and the application made by the U.S. ABL Collateral Agent, the
Administrative Agent or such other Secured Party of the proceeds thereof; provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the U.S. ABL Collateral Agent, the
Administrative Agent and each other Secured Party under this subsection 9.6 are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the U.S. ABL Collateral Agent, the Administrative Agent or such
other Secured Party may have. 
 9.7        Counterparts.  This Agreement may be
executed by one or more of the parties to this Agreement on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. 
 9.8        Severability.  Any provision of this Agreement which is prohibited or unenforceable
in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not
invalidate or render unenforceable such provision in any other jurisdiction; provided that, with respect to any Pledged Stock issued by a Foreign Subsidiary, all rights, powers and remedies provided in this Agreement may be exercised only to
the extent that they do not violate any provision of any law, rule or regulation of any Governmental Authority applicable to any such Pledged Stock or affecting the legality, validity or enforceability of any of the provisions of this Agreement
against the Pledgor (such laws, rules or regulations, “Applicable Law”) and are intended to be limited to the extent necessary so that they will not render this Agreement invalid, unenforceable or not entitled to be recorded,
registered or filed under the provisions of any Applicable Law. 
 9.9        Section
Headings.  The Section headings used in this Agreement are for convenience of reference only and are not to affect the construction hereof or be taken into consideration in the interpretation hereof. 
 9.10      Integration.  This Agreement and the other Loan Documents represent the entire agreement of the
Granting Parties, the U.S. ABL Collateral Agent, the Administrative Agent and the other Secured Parties with respect to the subject matter hereof, and there are no promises, undertakings, representations or warranties by the Granting Parties, the
U.S. ABL Collateral Agent or any other Secured Party relative to subject matter hereof not expressly set forth or referred to herein or in the other Loan Documents. 
 9.11      GOVERNING LAW.  THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO ITS PRINCIPLES OR RULES OF CONFLICT OF LAWS TO THE EXTENT SUCH PRINCIPLES OR RULES ARE NOT MANDATORILY APPLICABLE BY STATUTE AND WOULD REQUIRE OR PERMIT THE APPLICATION OF
THE LAWS OF ANOTHER JURISDICTION. 
  

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 9.12      Submission to Jurisdiction; Waivers.  Each party
hereto hereby irrevocably and unconditionally: 
 (a)        submits for itself and
its property in any legal action or proceeding relating to this Agreement and the other Loan Documents to which it is a party, or for recognition and enforcement of any judgment in respect thereof, to the non-exclusive general jurisdiction of the
courts of the State of New York, the courts of the United States of America for the Southern District of New York, and appellate courts from any thereof; 
 (b)        consents that any such action or proceeding may be brought in such courts and waives
any objection that it may now or hereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the same; 
 (c)        agrees that service of process in any such action or proceeding may be effected by
mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to such party at its address referred to in subsection 9.2 or at such other address of which the U.S. ABL Collateral Agent and the
Administrative Agent (in the case of any other party hereto) or the Parent Borrower (in the case of the U.S. ABL Collateral Agent and the Administrative Agent) shall have been notified pursuant thereto; 
 (d)        agrees that nothing herein shall affect the right to effect service of process in any
other manner permitted by law or shall limit the right to sue in any other jurisdiction; and 
 (e)        waives, to the maximum extent not prohibited by law, any right it may have to claim or recover in any legal action or proceeding referred to in this Section any punitive damages.

 9.13      Acknowledgments.  Each Granting Party hereby acknowledges that: 
 (a)        it has been advised by counsel in the negotiation, execution and delivery of this
Agreement and the other Loan Documents to which it is a party; 
 (b)        none of
the U.S. ABL Collateral Agent, the Administrative Agent or any other Secured Party has any fiduciary relationship with or duty to any Guarantor arising out of or in connection with this Agreement or any of the other Loan Documents, and the
relationship between the Guarantors, on the one hand, and the U.S. ABL Collateral Agent, the Administrative Agent and the other Secured Parties, on the other hand, in connection herewith or therewith is solely that of debtor and creditor; and

 (c)        no joint venture is created hereby or by the other Loan Documents or
otherwise exists by virtue of the transactions contemplated hereby among the Secured Parties or among the Guarantors and the Secured Parties. 
 9.14      WAIVER OF JURY TRIAL.  EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN
DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN. 
 9.15      Additional Granting Parties.  Each
new Subsidiary of the Parent Borrower that is required to become a party to this Agreement pursuant to subsection 7.9(b) of the ABL Credit Agreement shall 

  

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become a Granting Party for all purposes of this Agreement upon execution and delivery by such Subsidiary of an Assumption Agreement in substantially the
form of Annex 2 hereto. Each existing Granting Party that is required to become a Pledgor with respect to Capital Stock of any new Subsidiary of the Borrower pursuant to subsection 7.9(b) and 7.9(c) of the ABL Credit Agreement shall become a
Pledgor with respect thereto upon execution and delivery by such Granting Party of a Supplemental Agreement in substantially the form of Annex 3 hereto. 
 9.16      Releases. 
 (a)        At such time as the Loans, the Reimbursement Obligations and the other Obligations then due and owing shall have been paid in full, the Commitments have been terminated, all Security
Collateral shall be automatically released from the Liens created hereby, and this Agreement and all obligations (other than those expressly stated to survive such termination) of the U.S. ABL Collateral Agent and each Granting Party hereunder shall
terminate, all without delivery of any instrument or performance of any act by any party, and all rights to the Security Collateral shall revert to the Granting Parties. At the request and sole expense of any Granting Party following any such
termination, the U.S. ABL Collateral Agent shall deliver to such Granting Party any Security Collateral held by the U.S. ABL Collateral Agent hereunder, and the U.S. ABL Collateral Agent and the Administrative Agent shall execute and deliver to such
Granting Party such documents (including without limitation UCC termination statements) as such Granting Party shall reasonably request to evidence such termination. 
 (b)        In connection with any sale or other disposition of Security Collateral permitted by the ABL Credit Agreement (other than any sale or disposition to another Grantor),
the Lien pursuant to this Agreement on such sold or disposed of Security Collateral shall be automatically released. In connection with the sale or other disposition of all of the Capital Stock of any Guarantor (other than to the Parent Borrower or
a Restricted Subsidiary) or the sale or other disposition of Security Collateral (other than a sale or disposition to another Grantor) permitted under the ABL Credit Agreement, the U.S. ABL Collateral Agent shall, upon receipt from the Parent
Borrower of a written request for the release of such Guarantor from its Guarantee or the release of the Security Collateral subject to such sale or other disposition, identifying such Guarantor or the relevant Security Collateral and the terms of
the sale or other disposition in reasonable detail, including the price thereof and any expenses in connection therewith, together with a certification by the Parent Borrower stating that such transaction is in compliance with the ABL Credit
Agreement and the other Loan Documents, deliver to the Parent Borrower or the relevant Granting Party any of the relevant Security Collateral held by the U.S. ABL Collateral Agent hereunder and the U.S. ABL Collateral Agent and the Administrative
Agent shall execute and deliver to the relevant Granting Party (at the sole cost and expense of such Granting Party) all releases or other documents (including without limitation UCC termination statements) necessary or reasonably desirable for the
release of such Guarantee or the Liens created hereby on such Security Collateral, as applicable, as such Granting Party may reasonably request. 
 (c)        Upon the designation of any Granting Party as an Unrestricted Subsidiary in accordance with the provisions of the ABL Credit Agreement, the Lien pursuant to this Agreement on all Security
Collateral of such Granting Party (if any) shall be automatically released, and the Guarantee (if any) of such Granting Party, and all obligations of such Granting Party hereunder, shall terminate, all without delivery of any instrument or
performance of any act by any party and the U.S. ABL Collateral Agent shall, upon the request of the Parent Borrower, deliver to such Granting Party any Security Collateral of such Granting Party held by the U.S. ABL Collateral Agent hereunder and
the U.S. ABL Collateral Agent and the Administrative Agent shall execute and deliver to such Granting Party (at the sole cost and expense of such Granting Party) all releases or other documents (including without limitation UCC termination
statements) necessary or reasonably desirable for the release of such Granting Party from its Guarantee (if any) or the Liens created hereby (if any) on such Granting Party’s Security Collateral, as applicable, as such Granting Party may
reasonably request. 
  

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 (d) Upon the designation of any Issuer that is a Subsidiary of any Granting Party as an Unrestricted
Subsidiary in accordance with the provisions of the ABL Credit Agreement, the Lien pursuant to this Agreement on all Pledged Stock issued by such Issuer shall be automatically released, all without delivery of any instrument or performance of any
act by any party and the U.S. ABL Collateral Agent shall, upon the request of the Parent Borrower, deliver to such Granting Party any such Pledged Stock held by the U.S. ABL Collateral Agent hereunder and the U.S. ABL Collateral Agent and the
Administrative Agent shall execute and deliver to the relevant Granting Party (at the sole cost and expense of such Granting Party) all releases or other documents (including without limitation UCC termination statements) necessary or reasonably
desirable for the release of the Liens created hereby on such Pledged Stock, as applicable, as such Granting Party may reasonably request. 
 9.17      Judgment. 
 (a)        If for the purpose of
obtaining judgment in any court it is necessary to convert a sum due hereunder in one currency into another currency, the parties hereto agree, to the fullest extent that they may effectively do so, that the rate of exchange used shall be that at
which in accordance with normal banking procedures the U.S. ABL Collateral Agent could purchase the first currency with such other currency on the Business Day preceding the day on which final judgment is given. 
 (b)        The obligations of any Guarantor in respect of this Agreement to the U.S. ABL Collateral Agent, for
the benefit of each holder of Secured Obligations, shall, notwithstanding any judgment in a currency (the “judgment currency”) other than the currency in which the sum originally due to such holder is denominated (the
“original currency”), be discharged only to the extent that on the Business Day following receipt by the U.S. ABL Collateral Agent of any sum adjudged to be so due in the judgment currency, the U.S. ABL Collateral Agent may in
accordance with normal banking procedures purchase the original currency with the judgment currency; if the amount of the original currency so purchased is less than the sum originally due to such holder in the original currency, such Guarantor
agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the U.S. ABL Collateral Agent, for the benefit of such holder, against such loss, and if the amount of the original currency so purchased exceeds the sum originally
due to the U.S. ABL Collateral Agent, the U.S. ABL Collateral Agent agrees to remit to the Parent Borrower, such excess. This covenant shall survive the termination of this Agreement and payment of the Obligations and all other amounts payable
hereunder. 
 [Remainder of page left blank intentionally; signature pages follow.] 
  

 -42- 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and delivered as of
the date first above written. 
 BORROWER: 
  

					
	HD SUPPLY, INC.
		
	By:	 	 /s/ Joseph J. DeAngelo

		 	Name:	 	Joseph J. DeAngelo
		 	Title:	 	President

 [U.S. ABL Guarantee and Collateral Agreement] 
  

 S-1 

					
	ARVADA HARDWOOD FLOOR COMPANY
	BRAFASCO HOLDINGS II, INC.
	BRAFASCO HOLDINGS, INC.
	COX LUMBER CO.
	CREATIVE TOUCH INTERIORS, INC.
	FLOORS, INC.
	FLOORWORKS, INC.
	GRAND FLOOR DESIGNS, INC.
	HD BUILDER SOLUTIONS GROUP, 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 PLUMBING/HVAC GROUP, INC.
	HD SUPPLY SUPPORT SERVICES, INC.
	HD SUPPLY UTILITIES GROUP, INC.
	HD SUPPLY WATERWORKS GROUP, INC.
	HSI IP, INC.
	SUNBELT SUPPLY CANADA, INC.
	UTILITY SUPPLY OF AMERICA, INC.
	WHITE CAP CONSTRUCTION SUPPLY, INC.
	WORLD-WIDE TRAVEL NETWORK, INC.
		
	By:	 	 /s/ Vidya Chauhan

		 	Name:	 	Vidya Chauhan
		 	Title:	 	Vice President and Treasurer

 [U.S. ABL Guarantee and Collateral Agreement] 
  

 S-2 

					
	HD SUPPLY DISTRIBUTION SERVICES, LLC
		
	By:	 	 HD Supply GP & Management, Inc.,
 its
manager

		
	By:	 	 /s/ Vidya Chauhan

		 	Name:	 	Vidya Chauhan
		 	Title:	 	Vice President and Treasurer
	
	HD SUPPLY REPAIR & REMODEL, LLC
		
	By:	 	 HD Supply GP & Management, Inc.,
 its
manager

		
	By:	 	 /s/ Vidya Chauhan

		 	Name:	 	Vidya Chauhan
		 	Title:	 	Vice President and Treasurer
	
	PROVALUE, LLC
		
	By:	 	 HD Supply Support Services, Inc.,
 its
managing member

		
	By:	 	 /s/ Vidya Chauhan

		 	Name:	 	Vidya Chauhan
		 	Title:	 	Vice President and Treasurer

 [U.S. ABL Guarantee and Collateral Agreement] 
  

 S-3 

					
	SOUTHWEST STAINLESS, L.P.
		
	By:	 	HD Supply GP & Management, Inc.,
		 	its general partner
		
	By:	 	 /s/ Vidya Chauhan

		 	Name:	 	Vidya Chauhan
		 	Title:	 	Vice President and Treasurer
	
	WILLIAMS BROS. LUMBER COMPANY, LLC
		
	By:	 	HD Supply GP & Management, Inc.,
		 	its manager
		
	By:	 	 /s/ Vidya Chauhan

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

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

		 	Name:	 	Vidya Chauhan
		 	Title:	 	Vice President and Treasurer

 [U.S. ABL Guarantee and Collateral Agreement] 
  

 S-4 

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

		 	Name:	 	Vidya Chauhan
		 	Title:	 	Vice President and Treasurer
	
	HD SUPPLY HOLDINGS, LLC
		
	By:	 	HD Supply GP & Management, Inc.,
		 	its manager
		
	By:	 	 /s/ Vidya Chauhan

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

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

		 	Name:	 	Vidya Chauhan
		 	Title:	 	Vice President and Treasurer

 [U.S. ABL Guarantee and Collateral Agreement] 
  

 S-5 

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

		 	Name:	 	Vidya Chauhan
		 	Title:	 	Vice President and Treasurer
	
	MADISON CORNER, LLC
		
	By:	 	Cox Lumber Co.,
		 	its manager
		
	By:	 	 /s/ Vidya Chauhan

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

		 	Name:	 	Vidya Chauhan
		 	Title:	 	Vice President and Treasurer

 [U.S. ABL Guarantee and Collateral Agreement] 
  

 S-6 

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

		 	Name:	 	Ricardo Nunez
		 	Title:	 	Vice President
	
	CND HOLDINGS, INC.
		
	By:	 	 /s/ Vidya Chauhan

		 	Name:	 	Vidya Chauhan
		 	Title:	 	Vice President and Treasurer
	
	HD SUPPLY CANADA INC.
		
	By:	 	 /s/ Vidya Chauhan

		 	Name:	 	Vidya Chauhan
		 	Title:	 	Vice President and Treasurer
	
	PRO CANADIAN HOLDINGS I, ULC
		
	By:	 	 /s/ Vidya Chauhan

		 	Name:	 	Vidya Chauhan
		 	Title:	 	

 [U.S. ABL Guarantee and Collateral Agreement] 
  

 S-7 

			
	 Acknowledged and Agreed to as of
 the date hereof by:

  
	 	
	 MERRILL LYNCH CAPITAL, A DIVISION OF
 MERRILL
LYNCH BUSINESS FINANCIAL
 SERVICES INC.,
	 	
	as Administrative Agent and U.S. ABL Collateral Agent	 	

  

					
	By:	 	 /s/ Brian P. McDonald

		 	Name:	 	Brian P. McDonald
		 	Title:	 	Director

 [U.S. ABL Guarantee and Collateral Agreement] 
  

 S-8 

 Annex 1 to  
 U.S. Guarantee and Collateral Agreement 
 ACKNOWLEDGEMENT AND
CONSENT1 
 The undersigned hereby acknowledges receipt of a copy of the U.S. Guarantee and Collateral Agreement, dated as of August 30, 2007 (the
“Agreement”), made by the Granting Parties thereto for the benefit of Merrill Lynch Capital, a division of Merrill Lynch Business Financial Services Inc., as U.S. ABL Administrative Agent and U.S. ABL Collateral Agent. The undersigned
agrees for the benefit of the U.S. ABL Administrative Agent and the Lenders as follows: 
 The undersigned will be bound by the terms of the
Agreement applicable to it as an Issuer (as defined in the Agreement) and will comply with such terms insofar as such terms are applicable to the undersigned as an Issuer. 
 The undersigned will notify the U.S. ABL Collateral Agent promptly in writing of the occurrence of any of the events described in subsection 5.3.1 of the
Agreement. 
 The terms of subsections 6.3(c) and 6.7 of the Agreement shall apply to it, mutatis mutandis, with respect to all actions that
may be required of it pursuant to subsection 6.3(c) or 6.7 of the Agreement. 
  

					
	[NAME OF ISSUER]
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	Address for Notices:
	  

	  

	  

	Fax:

  
  

	1
	 [This consent is necessary only with respect to any Issuer which is not also a Granting Party.] 

  

 Annex 1-1 

 Annex 2 to  
 U.S. Guarantee and Collateral Agreement 
 ASSUMPTION AGREEMENT 
 ASSUMPTION AGREEMENT, dated as of                 
    ,         , made by
                                         
                   , a                     
corporation (the “Additional Grantor”), in favor of MERRILL LYNCH CAPITAL , a division of MERRILL LYNCH BUSINESS FINANCIAL SERVICES INC., as collateral agent and administrative agent (in such capacity, the “U.S. ABL
Collateral Agent”) for the banks and other financial institutions (the “Lenders”) from time to time parties to the ABL Credit Agreement referred to below and the other Secured Parties (as defined below). All capitalized
terms not defined herein shall have the meaning ascribed to them in the U.S. Guarantee and Collateral Agreement referred to below, or if not defined therein, in the Credit Agreement. 
 W I T N E S S E T H : 
 WHEREAS, HD Supply, Inc., a Texas corporation (the “Parent Borrower”), the Subsidiary Borrowers party thereto, Merrill Lynch Capital, a division of Merrill Lynch Business Financial Services Inc., as administrative agent and
collateral agent, Merrill Lynch Capital Canada, Inc., as Canadian administrative agent and Canadian collateral agent, and the Lenders are parties to an ABL Credit Agreement, dated as of August 30, 2007 (as amended, supplemented, waived or
otherwise modified from time to time, the “ABL Credit Agreement”); 
 WHEREAS, in connection with the ABL Credit Agreement,
the Parent Borrower and certain of its Subsidiaries are, or are to become, parties to the U.S. Guarantee and Collateral Agreement, dated as of August 30, 2007 (as amended, supplemented, waived or otherwise modified from time to time, the
“U.S. Guarantee and Collateral Agreement”), in favor of the U.S. ABL Collateral Agent, for the ratable benefit of the Secured Parties (as defined in the U.S. Guarantee and Collateral Agreement); 
 WHEREAS, the Additional Grantor is a member of an affiliated group of companies that includes the Parent Borrower and each other Grantor; the proceeds of
the extensions of credit under the ABL Credit Agreement will be used in part to enable the Borrowers to make valuable transfers to one or more of the other Grantors (including the Additional Grantor) in connection with the operation of their
respective businesses; and the Borrowers and the other Grantors (including the Additional Grantor) are engaged in related businesses, and each such Grantor (including the Additional Grantor) will derive substantial direct and indirect benefit from
the making of the extensions of credit under the ABL Credit Agreement; 
 WHEREAS, the ABL Credit Agreement requires the Additional Grantor
to become a party to the ABL Guarantee and Collateral Agreement; and 
 WHEREAS, the Additional Grantor has agreed to execute and deliver
this Assumption Agreement in order to become a party to the ABL Guarantee and Collateral Agreement; 
 NOW, THEREFORE, IT IS AGREED:

 1.        ABL Guarantee and Collateral Agreement. By executing and delivering this
Assumption Agreement, the Additional Grantor, as provided in subsection 9.15 of the ABL Guarantee and Collateral Agreement, hereby becomes a party to the ABL Guarantee and Collateral Agreement as a Grantor thereunder with the same force and effect
as if originally named therein as a Guarantor[, Grantor and Pledgor] 

  

 Annex 2-1 

 
[and Grantor] [and Pledgor]2 and, without limiting the generality of the foregoing, hereby expressly assumes all obligations and liabilities of a Guarantor [,
Grantor and Pledgor] [and Grantor] [and Pledgor]3 thereunder. The information set
forth in Annex 1-A hereto is hereby added to the information set forth in Schedules                      to the U.S. Guarantee and Collateral
Agreement, and such Schedules are hereby amended and modified to include such information. The Additional Grantor hereby represents and warrants that each of the representations and warranties of such Additional Grantor, in its capacities as a
Guarantor [, Grantor and Pledgor] [and Grantor] [and Pledgor],4 contained in
Section 4 of the U.S. Guarantee and Collateral Agreement is true and correct in all material respects on and as the date hereof (after giving effect to this Assumption Agreement) as if made on and as of such date. 
 2.        GOVERNING LAW. THIS ASSUMPTION AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES SHALL
BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO ITS PRINCIPLES OR RULES OF CONFLICT OF LAWS TO THE EXTENT SUCH PRINCIPLES OR RULES ARE NOT MANDATORILY APPLICABLE BY STATUTE
AND WOULD REQUIRE OR PERMIT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION. 
  

	2
	 Indicate the capacities in which the Additional Granting Party is becoming a Grantor. 

	3
	 Indicate the capacities in which the Additional Granting Party is becoming a Grantor. 

	4
	 Indicate the capacities in which the Additional Granting Party is becoming a Grantor. 

  

 Annex 2-2 

 IN WITNESS WHEREOF, the undersigned has caused this Assumption Agreement to be duly executed and
delivered as of the date first above written. 
  

					
	[ADDITIONAL GRANTOR]
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

 Acknowledged and Agreed to as 
 of the date hereof by: 
 MERRILL LYNCH CAPITAL, a division of 
 MERRILL LYNCH BUSINESS FINANCIAL SERVICES INC., 
 as U.S. ABL Collateral Agent and Administrative Agent 
  

					
	By:	 	  

		 	Name:	 	
		 	Title:	 	

  

 Annex 2-3 

 Annex 1-A to  
 Assumption Agreement 
 Supplement to 
 U.S. Guarantee and Collateral Agreement  
 Schedule 1 
 Supplement to 
 U.S. Guarantee and Collateral
Agreement  
 Schedule 2 
 Supplement to U.S. 
 Guarantee and Collateral Agreement  
 Schedule 3 
 Supplement to U.S. 
 Guarantee and Collateral Agreement  
 Schedule 4 
 Supplement to U.S. 
 Guarantee and Collateral Agreement  
 Schedule 5 
 Supplement to U.S. 
 Guarantee and Collateral
Agreement  
 Schedule 6 
 Annex 1-A-1 to Annex 2 
  

 Annex 3-1 

 Annex 3 to  
 U.S. Guarantee and Collateral Agreement 
 SUPPLEMENTAL AGREEMENT 
 SUPPLEMENTAL AGREEMENT, dated as of
                         ,         , made by
                    , a
                     corporation (the “Additional Pledgor”), in favor of MERRILL LYNCH CAPITAL , a division of MERRILL LYNCH
BUSINESS FINANCIAL SERVICES INC., as collateral agent and administrative agent (in such capacity, the “U.S. ABL Collateral Agent”) for the banks and other financial institutions (the “Lenders”) from time to time
parties to the ABL Credit Agreement referred to below and the other Secured Parties (as defined below). All capitalized terms not defined herein shall have the meaning ascribed to them in the U.S. Guarantee and Collateral Agreement referred to
below, or if not defined therein, in the ABL Credit Agreement. 
 W I T N E S S E
T H : 
 WHEREAS, HD Supply, Inc., a Texas corporation (the “Parent Borrower”), the Subsidiary Borrowers party
thereto, Merrill Lynch Capital , a division of Merrill Lynch Business Financial Services Inc., as administrative agent and collateral agent, Merrill Lynch Capital Canada, Inc., as Canadian administrative agent and Canadian collateral agent, and the
Lenders are parties to an ABL Credit Agreement, dated as of August 30, 2007 (as amended, supplemented, waived or otherwise modified from time to time, the “ABL Credit Agreement”); 
 WHEREAS, in connection with the ABL Credit Agreement, the Parent Borrower and certain of its Subsidiaries are, or are to become, parties to the U.S.
Guarantee and Collateral Agreement, dated as of August 30, 2007 (as amended, supplemented, waived or otherwise modified from time to time, the “U.S. Guarantee and Collateral Agreement”), in favor of the U.S. ABL Collateral
Agent, for the ratable benefit of the Secured Parties (as defined in the U.S. Guarantee and Collateral Agreement); 
 WHEREAS, the ABL Credit
Agreement requires the Additional Pledgor to become a Pledgor under the ABL Guarantee and Collateral Agreement with respect to Capital Stock of certain new Subsidiaries of the Parent Borrower; and 
 WHEREAS, the Additional Pledgor has agreed to execute and deliver this Supplemental Agreement in order to become such a Pledgor under the U.S. Guarantee
and Collateral Agreement; 
 NOW, THEREFORE, IT IS AGREED: 
 1.        ABL Guarantee and Collateral Agreement. By executing and delivering this Supplemental Agreement, the Additional Pledgor, as provided in subsection 9.15
of the ABL Guarantee and Collateral Agreement, hereby becomes a Pledgor under the U.S. Guarantee and Collateral Agreement with respect to the shares of Capital Stock of the Subsidiary of the Parent Borrower listed in Annex 1-A hereto, as a Grantor
thereunder. The information set forth in Annex 1-A hereto is hereby added to the information set forth in Schedule 2 to the U.S. Guarantee and Collateral Agreement, and such Schedule 2 is hereby amended and modified to include such information.

 2.        GOVERNING LAW. THIS SUPPLEMENTAL AGREEMENT AND RIGHTS AND
OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO ITS PRINCIPLES OR RULES OF CONFLICT OF LAWS TO THE EXTENT SUCH
PRINCIPLES OR RULES ARE NOT MANDATORILY APPLICABLE BY STATUTE AND WOULD REQUIRE OR PERMIT THE APPLICATION OF THE LAW OF ANOTHER JURISDICTION. 
  

 Annex 3-2 

 IN WITNESS WHEREOF, the undersigned has caused this Supplemental Agreement to be duly executed and
delivered as of the date first above written. 
  

					
	[ADDITIONAL PLEDGOR]
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

 Acknowledged and Agreed to as 
 of the date hereof by: 
 MERRILL LYNCH CAPITAL, a division of 
 MERRILL LYNCH BUSINESS FINANCIAL SERVICES INC., 
 as U.S. ABL Collateral Agent and Administrative Agent 
  

					
	By:	 	  

		 	Name:	 	
		 	Title:	 	

  

 Annex 3-3 

 Annex 1-A to  
 Supplemental Agreement 
 Supplement to 
 U.S. Guarantee and Collateral Agreement 
 Schedule 2 
 Pledged Stock 
  

					
	 Pledgor
	  	        Issuer	  	Description of Pledged Stock

  

 1-A-1 to Annex 3Amend #1 to U.S. Guarantee and Collateral Agreement

 Exhibit 10.14 
 AMENDMENT NO. 1 
 TO 
 U.S. GUARANTEE AND COLLATERAL AGREEMENT 
 This AMENDMENT NO. 1 to the U.S.
GUARANTEE AND COLLATERAL AGREEMENT (as defined below), dated as of November 1, 2007 (this “Amendment”), is entered into among HD SUPPLY, INC., a Delaware corporation (the “Parent Borrower”), the Subsidiary
Borrowers party hereto, MERRILL LYNCH CAPITAL, a division of MERRILL LYNCH BUSINESS FINANCIAL SERVICES INC., as collateral agent and administrative agent for the banks and other financial institutions party to the ABL Credit Agreement, and amends
the U.S. Guarantee and Collateral Agreement. Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to them in the U.S. Guarantee and Collateral Agreement. 
 W I T N E S S E T H: 
 WHEREAS, the U.S. Guarantee and Collateral Agreement dated as of August 30, 2007 (as may be further amended, supplemented or otherwise modified from time to time, the “U.S. Guarantee and Collateral
Agreement”) was entered into among the Parent Borrower, the Subsidiary Guarantors party thereto, MERRILL LYNCH CAPITAL, a division of MERRILL LYNCH BUSINESS FINANCIAL SERVICES INC., as collateral agent (in such capacity, the “U.S.
ABL Collateral Agent”) and administrative agent (in such capacity, the “U.S. ABL Administrative Agent”) for the banks and other financial institutions party to the ABL Credit Agreement; 
 WHEREAS, Section 9.1 of the U.S. Guarantee and Collateral Agreement provides that the U.S. Guarantee and Collateral Agreement may be
amended, modified and waived from time to time; 
 NOW, THEREFORE, in consideration of the premises and for
other good and valuable consideration (the receipt and sufficiency of which is hereby acknowledged), the parties hereto hereby agree as follows: 
 SECTION ONE            Amendments. 
 1.    The recitals of the U.S. Guarantee and Collateral Agreement are hereby amended by deleting the reference therein to Merrill Lynch Capital, a division of Merrill Lynch Business Financial Services Inc., as
administrative agent” immediately prior to the reference to “(in such capacity, the “Cash Flow Administrative Agent”)” and replacing it with “Merrill Lynch Capital Corporation, as administrative agent”. 

2.    Subsection 1.1 of the U.S. Guarantee and Collateral Agreement is amended as follows: 
 (i)   The definition of “ABL Priority Collateral” shall be amended by deleting the reference therein to
“directly” and replacing it with “to the extent”. 
 (ii)  The definition of “Cash Flow
Facilities Priority Collateral” shall be amended by deleting the reference therein to “directly” and replacing it with “to the extent”. 
 (iii) The definition of “Borrower Obligations” shall be amended by adding “(but in the case of such Interest Rate
Agreements, Currency Agreements, Commodities Agreements or Bank Products Agreements, only to the extent comprising ABL Obligations (as defined in the Intercreditor Agreement))” after the reference therein to “any Lender”. 

 3.    Subsections 3.3(b) and (c) of the U.S. Guarantee and Collateral Agreement
shall be amended by adding the following after each reference therein to “Cash Flow Credit Agreement”: “(or, should the subsection numbering or organization of the Cash Flow Credit Agreement be changed following an amendment thereto
or a modification or replacement thereof, the corresponding subsection of the Cash Flow Credit Agreement)”. 
 SECTION
TWO            Conditions to Effectiveness.  This Amendment shall become effective when the U.S. ABL Collateral Agent shall have executed a counterpart of this Amendment
and received counterparts of this Amendment executed by each of the Grantors. 
 SECTION
THREE        Reference to and Effect on the U.S. Guarantee and Collateral Agreement.  On and after giving effect to this Amendment, each reference in the U.S. Guarantee and Collateral
Agreement to “this Agreement,” “hereunder,” “hereof” or words of like import referring to the U.S. Guarantee and Collateral Agreement, and each reference in each of the Loan Documents to “the U.S. Guarantee and
Collateral Agreement,” “thereunder,” “thereof” or words of like import referring to the U.S. Guarantee and Collateral Agreement, shall mean and be a reference to the U.S. Guarantee and Collateral Agreement as amended by this
Amendment. The U.S. Guarantee and Collateral Agreement, as specifically amended by this Amendment, is and shall continue to be in full force and effect and is hereby in all respects ratified and confirmed. The execution, delivery and effectiveness
of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of any Secured Party or any Agent under any of the Loan Documents, nor constitute a waiver of any provision of any of the Loan
Documents. 
 SECTION FOUR          Costs and Expenses.  Each of the
Grantors jointly and severally agree to pay all reasonable out-of-pocket costs and expenses of the U.S. ABL Collateral Agent incurred in connection with the preparation, execution and delivery of this Amendment and the other instruments and
documents to be delivered hereunder, if any (including, without limitation, the reasonable fees and expenses of Cahill Gordon & Reindel LLP, counsel to the U.S. ABL Collateral Agent). 
 SECTION FIVE            Execution in Counterparts.  This Amendment may be
executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute but one and the same agreement.
Delivery of an executed counterpart of a signature page to this Amendment by telecopier or electronic mail shall be effective as delivery of a manually executed counterpart of this Amendment. 
 SECTION SIX              Governing Law.  THIS AMENDMENT AND THE
RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO ITS PRINCIPLES OR RULES OF CONFLICT OF LAWS TO THE EXTENT
SUCH PRINCIPLES OR RULES ARE NOT MANDATORILY APPLICABLE BY STATUTE AND WOULD REQUIRE OR PERMIT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION. 
 [Signature Pages Follow] 
  

 -2- 

			
		 	  HD SUPPLY, INC.
		
	 By:
	 	 /s/ Ricardo Nunez

		 	Name:    Ricardo Nunez
		 	Title:      Vice President and Secretary

			
	ARVADA HARDWOOD FLOOR COMPANY
	BRAFASCO HOLDINGS II, INC.
	BRAFASCO HOLDINGS, INC.
	COX LUMBER CO.
	CREATIVE TOUCH INTERIORS, INC.
	FLOORS, INC.
	FLOORWORKS, INC.
	GRAND FLOOR DESIGNS, INC.
	HD BUILDER SOLUTIONS GROUP, 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 PLUMBING/HVAC GROUP,
INC.

	HD SUPPLY SUPPORT SERVICES, INC.
	HD SUPPLY UTILITIES GROUP, INC.
	HD SUPPLY WATERWORKS GROUP, INC.
	HSI IP, INC.
	SUNBELT SUPPLY CANADA, INC.
	UTILITY SUPPLY OF AMERICA, INC.
	 WHITE CAP CONSTRUCTION SUPPLY,
INC.

	WORLD-WIDE TRAVEL NETWORK, INC.

		
	By:	 	 /s/ Ricardo Nunez

		 	Name:    Ricardo Nunez
		 	Title:      Vice President and Secretary

  

 -4- 

			
	 HD SUPPLY DISTRIBUTION

	 SERVICES, LLC

		
	By:	 	HD Supply GP & Management, Inc.,
		 	its manager
		
	By:	 	 /s/ Ricardo Nunez

		 	Name:    Ricardo Nunez
		 	Title:      Vice President and Secretary
	
	 HD SUPPLY REPAIR & REMODEL,

	 LLC

		
	By:	 	HD Supply GP & Management, Inc.,
		 	its manager
		
	By:	 	 /s/ Ricardo Nunez

		 	Name:    Ricardo Nunez
		 	Title:      Vice President and Secretary
	
	 PROVALUE, LLC

		
	By:	 	HD Supply Support Services, Inc.,
		 	its managing member
		
	By:	 	 /s/ Ricardo Nunez

		 	Name:    Ricardo Nunez
		 	Title:      Vice President and Secretary

  

 -5- 

			
	 SOUTHWEST STAINLESS, L.P.

		
	By:	 	HD Supply GP & Management, Inc.,
		 	its general partner
		
	By:	 	 /s/ Ricardo Nunez

		 	Name:    Ricardo Nunez
		 	Title:      Vice President and Secretary
	
	 WILLIAMS BROS. LUMBER

	 COMPANY, LLC

		
	By:	 	HD Supply GP & Management, Inc.,
		 	its manager
		
	By:	 	 /s/ Ricardo Nunez

		 	Name:    Ricardo Nunez
		 	Title:      Vice President and Secretary
	
	 HD SUPPLY CONSTRUCTION

	 SUPPLY, LTD.

		
	By:	 	HD Supply GP & Management, Inc.,
		 	its general partner
		
	By:	 	 /s/ Ricardo Nunez

		 	Name:    Ricardo Nunez
		 	Title:      Vice President and Secretary

  

 -6- 

			
	 HD SUPPLY ELECTRICAL, LTD.

		
	By:	 	HD Supply GP & Management, Inc.,
		 	its general partner
		
	By:	 	 /s/ Ricardo Nunez

		 	Name:    Ricardo Nunez
		 	Title:      Vice President and Secretary

  

 -7- 

			
	 HD SUPPLY FACILITIES

	 MAINTENANCE, LTD.

		
	By:	 	HD Supply GP & Management, Inc.,
		 	its general partner
		
	By:	 	 /s/ Ricardo Nunez

		 	Name:    Ricardo Nunez
		 	Title:      Vice President and Secretary
	
	 HD SUPPLY HOLDINGS, LLC

		
	By:	 	HD Supply GP & Management, Inc.,
		 	its manager
		
	By:	 	 /s/ Ricardo Nunez

		 	Name:    Ricardo Nunez
		 	Title:      Vice President and Secretary
	
	 HD SUPPLY PLUMBING/HVAC,

	 LTD.

		
	By:	 	HD Supply GP & Management, Inc.,
		 	its general partner
		
	By:	 	 /s/ Ricardo Nunez

		 	Name:    Ricardo Nunez
		 	Title:      Vice President and Secretary 

  

 -8- 

			
	 HD SUPPLY UTILITIES, LTD.

		
	By:	 	HD Supply GP & Management, Inc.,
		 	its general partner
		
	By:	 	 /s/ Ricardo Nunez

		 	Name:    Ricardo Nunez
		 	Title:      Vice President and Secretary

  

 -9- 

			
	 HD SUPPLY WATERWORKS, LTD.

		
	By:	 	HD Supply GP & Management, Inc.,
		 	its general partner
		
	By:	 	 /s/ Ricardo Nunez

		 	Name:    Ricardo Nunez
		 	Title:      Vice President and Secretary
	
	 MADISON CORNER, LLC

		
	By:	 	Cox Lumber Co.,
		 	its manager
		
	By:	 	 /s/ Ricardo Nunez

		 	Name:    Ricardo Nunez
		 	Title:      Vice President and Secretary
	
	 PARK-EMP, LLC

		
	By:	 	Cox Lumber Co.,
		 	its manager
		
	By:	 	 /s/ Ricardo Nunez

		 	Name:    Ricardo Nunez
		 	Title:      Vice President and Secretary

  

 -10- 

			
	 HDS IP HOLDING, LLC

		
	By:	 	 /s/ Ricardo Nunez

		 	Name:    Ricardo Nunez
		 	Title:      Vice President
	
	HD SUPPLY CANADA INC
		
	By:	 	 /s/ Ricardo Nunez

		 	Name:    Ricardo Nunez
		 	Title:      Vice President and Secretary
	
	PRO CANADIAN HOLDINGS I, ULC
		
	By:	 	 /s/ Ricardo Nunez

		 	Name:    Ricardo Nunez
		 	Title:      Vice President and Secretary

  

 -11- 

			
	MERRILL LYNCH CAPITAL, A DIVISION OF MERRILL LYNCH BUSINESS FINANCIAL SERVICES INC., as Administrative Agent and U.S. ABL Collateral Agent
		
	 By:
	 	 /s/ Ted Dennison

		 	 Name:    Ted Dennison

		 	 Title:      Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00160-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00160-of-00352.parquet"}]]