Document:

EX-10.6

 Exhibit 10.6 

Execution Version 

The lien and security interest created by this Agreement on the collateral described herein is junior and subordinate to the lien on such collateral
created by any security agreement, mortgage, deed of trust or similar instrument now or hereafter granted to the ABL Agent, and the Term Loan Agent and their respective successors and assigns, in such collateral, in accordance with the provisions
of, and the exercise of any right or remedy by the Notes Agent hereunder are subject to the provisions of, the Amended and Restated Intercreditor Agreement dated as of June 24, 2021, among U.S. Well Services, LLC a Delaware limited liability
company as Borrower, CLMG Corp. as Term Loan Agent, Bank of America, N.A. as ABL Agent, and Wilmington Savings Fund Society, FSB, as Notes Agent and each other Person that becomes a Secured Party thereunder from time to time. 

GUARANTEE AND THIRD LIEN COLLATERAL AGREEMENT 

dated as of 
 June 24, 2021

 among 
 U.S. WELL SERVICES,
INC., 
 U.S. WELL SERVICES LLC, 

USWS HOLDINGS LLC, 
 and THE OTHER
GRANTORS referred to herein 
 in favor of 

WILMINGTON SAVINGS FUND SOCIETY, FSB, 

as Notes Agent 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 SECTION 1.    DEFINED TERMS
	  	 	1	
			
	 1.1.
	 	 Definitions
	  	 	1	
	 1.2.
	 	 Other Definitional Provisions
	  	 	7	
		
	 SECTION 2. GUARANTEE
	  	 	7	
			
	 2.1.
	 	 Guaranty, Limitation of Liability
	  	 	7	
	 2.2.
	 	 Guaranty Absolute
	  	 	8	
	 2.3.
	 	 Waivers and Acknowledgments
	  	 	9	
	 2.4.
	 	 Subrogation
	  	 	10	
	 2.5.
	 	 Subordination
	  	 	10	
	 2.6.
	 	 Reserved
	  	 	11	
	 2.7.
	 	 Reserved
	  	 	11	
	 2.8.
	 	 Reserved
	  	 	11	
		
	 SECTION 3.    GRANT OF SECURITY INTEREST
	  	 	11	
		
	 SECTION 4.    REPRESENTATIONS AND WARRANTIES
	  	 	13	
			
	 4.1.
	 	 Title; No Other Liens
	  	 	13	
	 4.2.
	 	 Perfected Liens
	  	 	13	
	 4.3.
	 	 Name; Jurisdiction of Organization, etc
	  	 	14	
	 4.4.
	 	 Investment Property and Pledged Securities
	  	 	14	
	 4.5.
	 	 Intellectual Property
	  	 	15	
	 4.6.
	 	 Reserved
	  	 	15	
	 4.7.
	 	 Reserved
	  	 	15	
	 4.8.
	 	 Margin Regulations
	  	 	15	
	 4.9.
	 	 Reserved
	  	 	16	
		
	 SECTION 5.    COVENANTS
	  	 	16	
			
	 5.1.
	 	 Delivery of Pledged Securities; Certificated Securities
	  	 	16	
	 5.2.
	 	 Maintenance of Perfected Security Interest Further Documentation
	  	 	17	
	 5.3.
	 	 Changes in Locations, Name, Jurisdiction of Incorporation, etc
	  	 	17	
	 5.4.
	 	 Intellectual Property
	  	 	17	
	 5.5.
	 	 Commercial Tort Claims
	  	 	18	
	 5.6.
	 	 Deposit Accounts; Securities Accounts
	  	 	18	
	 5.7.
	 	 Records; Statements and Schedules
	  	 	18	
	 5.8.
	 	 Improper Distributions
	  	 	18	
	 5.9.
	 	 Bankruptcy; Dissolution
	  	 	19	
	 5.10.
	 	 Vehicles
	  	 	19	
		
	 SECTION 6.    REMEDIAL PROVISIONS
	  	 	19	
			
	 6.1.
	 	 Communications with Obligors; Grantors Remain Liable
	  	 	19	
	 6.2.
	 	 Pledged Securities
	  	 	20	
	 6.3.
	 	 Proceeds to be Turned Over to Notes Agent
	  	 	21	
	 6.4.
	 	 Application of Proceeds
	  	 	21	
	 6.5.
	 	 Code and Other Remedies
	  	 	22	
	 6.6.
	 	 Remedies for Intellectual Property
	  	 	25	
	 6.7.
	 	 Waiver; Deficiency
	  	 	26	

  
 i 

							
	 SECTION 7.    THE NOTES AGENT
	  	 	26	
			
	 7.1.
	 	 Notes Agent’s Appointment as
Attorney-in-Fact, etc
	  	 	26	
	 7.2.
	 	 Duty of Notes Agent
	  	 	27	
	 7.3.
	 	 Execution of Financing Statements, Intellectual Property Filings
	  	 	28	
	 7.4.
	 	 Authority of Notes Agent
	  	 	28	
	 7.5.
	 	 No Individual Foreclosure, Etc
	  	 	29	
	 7.6.
	 	 Reserved
	  	 	29	
		
	 SECTION 8.    INDEMNITY, SUBROGATION AND SUBORDINATION
	  	 	29	
			
	 8.1.
	 	 Indemnity and Subrogation
	  	 	29	
	 8.2.
	 	 Contribution and Subrogation
	  	 	29	
	 8.3.
	 	 Subordination
	  	 	29	
		
	 SECTION 9.    MISCELLANEOUS
	  	 	30	
			
	 9.1.
	 	 Amendments in Writing
	  	 	30	
	 9.2.
	 	 Notices
	  	 	30	
	 9.3.
	 	 No Waiver by Course of Conduct; Cumulative Remedies
	  	 	30	
	 9.4.
	 	 Enforcement Expenses; Indemnification
	  	 	30	
	 9.5.
	 	 Successors and Assigns
	  	 	30	
	 9.6.
	 	 Reserved
	  	 	30	
	 9.7.
	 	 Counterparts
	  	 	31	
	 9.8.
	 	 Severability
	  	 	31	
	 9.9.
	 	 Section Headings
	  	 	31	
	 9.10.
	 	 Integration
	  	 	31	
	 9.11.
	 	 GOVERNING LAW
	  	 	31	
	 9.12.
	 	 Submission to Jurisdiction; Waivers
	  	 	31	
	 9.13.
	 	 Additional Grantors
	  	 	32	
	 9.14.
	 	 Releases
	  	 	32	
	 9.15.
	 	 No Fiduciary Duty
	  	 	32	
	 9.16.
	 	 WAIVER OF JURY TRIAL
	  	 	32	
	 9.17.
	 	 Intercreditor Agreement Governs
	  	 	32	

  

			
	EXHIBITS	  	
		
	Exhibit A	  	Intellectual Property Security Agreement
		
	ANNEXES	  	
		
	Annex 1	  	Assumption Agreement

  
 ii 

 GUARANTEE AND THIRD LIEN COLLATERAL AGREEMENT 

This GUARANTEE AND THIRD LIEN COLLATERAL AGREEMENT dated as of June 24, 2021 (as amended, restated, amended and restated, supplemented or
otherwise modified from time to time, this “Agreement”) made by U.S. WELL SERVICES, INC., a Delaware corporation (the “Company”), U.S. Well Services, LLC, a Delaware limited liability company (“US
LLC”), USWS Holdings LLC, a Delaware limited liability company (including its permitted successors, “Holdings”) and each other subsidiary of the Company from time to time party hereto (together with the Company and any
other entity that may become a party hereto as provided herein, the “Grantors”), in favor of WILMINGTON SAVINGS FUND SOCIETY, FSB, a federal savings bank (together with its successors in such capacities, the “Notes
Agent”), as collateral agent for the Secured Parties (as hereinafter defined). 
 W  I  T  N  E  S  S
 E  T  H: 
 WHEREAS, pursuant to the Note Purchase Agreement dated as of the date hereof, among the Company, the Purchasers
(as defined therein) and the Notes Agent (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Note Purchase Agreement”), the Holders desire to purchase certain Notes (as defined in
the Note Purchase Agreement); 
 WHEREAS, the Company and the other Grantors will derive substantial direct and indirect benefit from the
Purchasers’ consummation of the transactions contemplated by the Note Purchase Agreement; 
 WHEREAS, it is a condition precedent to
the obligation of the Holders to consummate the transactions contemplated by the Note Purchase Agreement that the Grantors shall have executed and delivered this Agreement granting a third priority security interest in the Collateral to the Notes
Agent for the benefit of the Secured Parties; and 
 WHEREAS, this Agreement is subject in all respects to the terms and conditions of the
Intercreditor Agreement (as defined in the Note Purchase Agreement). 
 NOW, THEREFORE, in consideration of the above premises the parties
hereto hereby agree as follows: 
 SECTION 1.    DEFINED TERMS 

1.1.    Definitions. 

(a)    Unless otherwise defined herein, terms defined in the Note Purchase Agreement and used herein shall
have the meanings given to them in the Note Purchase Agreement; provided that each term defined in Article 9 of the UCC (as defined below) and not defined in this Agreement shall have the meaning specified in Article 9 of the UCC. 

(b)    The following terms shall have the following meanings: 

“ABL Credit Agreement”: as defined in the Intercreditor Agreement. 

“After-Acquired Intellectual Property”: as defined in Section 5.4(c). 

“Agreement”: this Guarantee and Third Lien Collateral Agreement. 

 “Applicable Date”: with respect to any Grantor, (i) the date of this
Agreement if such Grantor is a party hereto on the date hereof and (ii) the date on which an Assumption Agreement is executed and delivered by such Grantor if such Grantor is not a party hereto on the Closing Date. 

“Assumption Agreement”: an Assumption Agreement in the form of Annex 1 hereto. 

“Cash”: money, currency or a credit balance in any demand account or deposit account. 

“Cash Equivalents”: any of the following: (a) direct obligations of the United States of America (including obligations
issued or held in book-entry form on the books of the Department of the Treasury of the United States of America) or obligations the timely payment of the principal of and interest on which are fully guaranteed by the United States of America; and
(b) certificates of deposit fully insured by the Federal Deposit Insurance Corporation in national, state or foreign commercial banks whose outstanding long-term debt is rated at least “A” or the equivalent by S&P or Moody’s.

 “Closing Date”: as defined in the Note Purchase Agreement. 

“Collateral”: as defined in Section 3(a). 

“Collateral Account”: any collateral deposit account established by the Notes Agent or a Grantor and maintained under the
Notes Agent’s control (as defined in and subject to Section 9-104 of the UCC) to hold cash pending application to the Obligations. 

“Company Obligations”: the Note Obligations (as defined in the Note Purchase Agreement) of the Company. 

“Contractual Obligations”: as applied to any Person, any provision of any Equity Interests issued by such Person or of any
indenture, mortgage, deed of trust, contract, undertaking, agreement or other instrument to which such Person is a party or by which it or any of its properties is bound. 

“Copyright Licenses”: any written agreement naming any Grantor as licensor or licensee, providing for the granting by or to
any Grantor of any right in or to any Copyright. 
 “Copyrights”: (i) all United States and foreign copyrights, whether or
not the underlying works of authorship have been published and whether as author, assignee, transferee or otherwise, including but not limited to copyrights in software and databases, and all works of authorship, all right, title and interest to
make and exploit all derivative works based on or adopted from works covered by such copyrights, and all copyright registrations, copyright applications, and any renewals or extensions thereof, including each registration and application identified
in Schedule 1(b) attached to the Perfection Certificate, and (ii) the rights to print, publish and distribute any of the foregoing. 

“Discharge of Obligations”: the repayment in full of the Obligations or the conversion of the Obligations into Equity
Interests of the Parent or into a license agreement (except for indemnities and other obligations which by the express terms of the relevant Transaction Document survive repayment of the Notes) under the terms of the Note Purchase Agreement and the
Notes. 
 “Discharge of ABL Obligations”: is defined in the Intercreditor Agreement. 

“Discharge of Term Loan Obligations”: is defined in the Intercreditor Agreement. 

 “Equity Interests”: with respect to any Person, shares of capital stock of
(or other ownership or profit interests in) such Person, warrants, options or other rights for the purchase or other acquisition from such Person of shares of capital stock of (or other ownership or profit interests in) such Person, securities
convertible into or exchangeable for shares of capital stock of (or other ownership or profit interests in) such Person or warrants, rights or options for the purchase or other acquisition from such Person of such shares (or such other interests),
and other ownership or profit interests in such Person (including, without limitation, partnership, member or trust interests therein), whether voting or nonvoting, and whether or not such shares, warrants, options, rights or other interests are
authorized or otherwise existing on any date of determination. 
 “Excluded Account”: the Payroll Account, Workers’
Compensation Account, Specified Distributable Cash Account and the Judgment Appeal Account (each as defined in the Term Loan Credit Agreement). 

“Excluded Property”: the following: 

(a)    any assets over which the granting of Liens under the Notes Collateral Documents in such assets
would be prohibited by contract or agreement (to the extent existing (x) on the Closing Date or (y) at the time such assets are acquired and not entered into in contemplation of such acquisition), applicable law or regulation (other than
to the extent that such prohibition would be rendered ineffective pursuant to Section 9-406, 9-407, 9-408 or 9-409 of the UCC of any relevant jurisdiction or any other applicable Law) or would require the consent of any Person (other than the Company or any of its Affiliates) that has not been obtained (to the extent such
consent right (x) existed on the Closing Date or (y) at the time such assets are acquired and not in contemplation thereof) or would require the consent of any Governmental Authority or regulatory body unless such consent has been obtained
(in each case, other than to the extent that such consent requirement would be rendered ineffective pursuant to Section 9-406, 9-407,
9-408 or 9-409 of the UCC of any relevant jurisdiction or any other applicable Law); provided that any such asset or, to the extent severable, any portion
thereof, will be an Excluded Property only to the extent and for so long as such prohibition or consent requirement is effective and will cease to be an Excluded Property and will become subject to the Lien granted under the Notes Collateral
Documents, immediately and automatically, at such time as such prohibition or consent requirement is no longer effective; 

(b)    any lease, license, contract, property right, general intangible, agreement, asset or property to
which the Company is a party or has rights, or which is otherwise subject to a purchase money security interest, or any of its rights or interests thereunder, if and only for so long as the grant of a Lien under the Notes Collateral Documents would
constitute or result in a breach, termination or default under, or would invalidate, any such lease, license, contract, property right, general intangible, agreement, asset or property or purchase money arrangement or create a right of termination
in favor of any party thereto (other than the Company or any of its Affiliates) (other than to the extent that any term of such lease, license, contract, property right, general intangible, agreement, asset or property or purchase money arrangement
would be rendered ineffective pursuant to Section 9-406, 9-407, 9-408 or 9-409 of
the UCC of any relevant jurisdiction or any other applicable Law); provided that such lease, license, contract, property right or agreement or purchase money arrangement or, to the extent severable, any portion thereof, will be an Excluded
Property only to the extent and for so long as the consequences specified above will result and will cease to be an Excluded Property and will become subject to the Lien granted under the Notes Collateral Documents, immediately and automatically, at
such time as such consequences will no longer result; 

 (c)    any governmental permits, franchises, approvals,
charters, authorizations or licenses or state or local permits, franchises, approvals, charters, authorizations or licenses, to the extent a grant of a Lien under the Notes Collateral Documents in any such permit, franchise, approval, charter,
authorization or license is prohibited or restricted thereby (other than to the extent that any such prohibition or restriction would be rendered ineffective pursuant to Section 9-406, 9-407, 9-408 or 9-409 of the UCC of any relevant jurisdiction or any other applicable Law); provided that any such permit,
franchise, approval, charter, authorization or license or, to the extent severable, any portion thereof, will be an Excluded Property only to the extent and for so long as such prohibition or restriction is effective and will cease to be an Excluded
Property and will become subject to the Lien granted under the Notes Collateral Documents, immediately and automatically, at such time as such prohibition is no longer effective; and 

(d)    any Excluded Account, 

provided that notwithstanding anything to the contrary in this Agreement, to the extent that any Grantor grants a Lien
on any asset or right described in clauses (a) through (d) above to secure any obligations under any of its other debt (including, without limitation, the ABL Credit Agreement or the Term Loan Credit Agreement), such asset or right will cease
to be Excluded Property and will become subject to the Lien granted under the Notes Collateral Documents, immediately and automatically. Excluded Property shall not include any proceeds, products, substitutions or replacements of Excluded Property
(unless such proceeds products, substitutions or replacements would otherwise constitute Excluded Property.) 
 “Grantors”:
as defined in the preamble hereto. 
 “Guarantor Obligations”: the Note Obligations (as defined in the Note Purchase
Agreement) of each Guarantor. 
 “Guarantors”: with respect to the Guarantor Obligations, each Grantor (other than the
Guarantor Obligations with respect to such Grantor), and with respect to the Company Obligations, each Grantor (other than the Company). 

“Guaranty” the guaranty of the Guarantors set forth in Section 2. 

“Guaranteed Obligations”: as defined in Section 2.1(a). 

“Indemnified Amount”: as defined in Section 8.2. 

“Infringement”: infringement, misappropriation, dilution or other impairment or violation, and “Infringe” or
“Infringing” shall have a correlative meaning. 
 “Indebtedness”: as defined in the Intercreditor
Agreement. 
 “Insolvency or Liquidation Proceeding”: as defined in the Intercreditor Agreement. 

“Intellectual Property”: the collective reference to all rights in intellectual property, whether arising under United
States, state, multinational, or foreign laws or otherwise, including Copyrights, Patents, industrial designs, Trademarks, service marks, domain names, software, Intellectual Property Licenses, technology,
know-how and processes, recipes, formulas, Trade Secrets and all rights to sue at law or in equity for any infringement or other impairment thereof, including the right to receive all proceeds and damages
therefrom. 

 “Intellectual Property Licenses”: all Copyright Licenses, Patent Licenses,
and Trademark Licenses, or other license or sublicense agreement relating to Intellectual Property to which any Grantor is a party. 

“Intellectual Property Security Agreement”: an agreement substantially in the form of Exhibit A hereto. 

“Intercompany Note”: any promissory note evidencing loans made by any Grantor to Company or any of its Subsidiaries. 

“Intercreditor Agreement”: means that certain Amended and Restated Intercreditor Agreement, dated as of June 24, 2021,
by and among the CLMG Corp., Bank of America, N.A., and the ABL Agent, Notes Agent, USLLC and the other Persons party thereto from time to time, as amended, restated, supplemented or otherwise modified from time to time. 

“Investment Property”: the collective reference to (i) all “investment property” as such term is defined in Section 9-102(a)(49) of the UCC, (ii) security entitlements, in the case of any United States Treasury book-entry securities, as defined in 31 C.F.R. section 357.2, or, in the case of any United States
federal agency book-entry securities, as defined in the corresponding United States federal regulations governing such book-entry securities, and (iii) whether or not constituting “investment property” as so defined under clause (i),
all Pledged Securities; provided that the term “Investment Property” shall not at any time include Excluded Property. 

“Issuers”: the collective reference to each issuer of a Pledged Security that is pledged by a Grantor hereunder. 

“Note Purchase Agreement”: as defined in the preamble hereto. 

“Notes Collateral Documents”: as defined in the Intercreditor Agreement. 

“Obligations”: the collective reference to the Company Obligations and the Guarantor Obligations. 

“Patent License”: all written agreements naming any Grantor as licensor or licensee, providing for the granting by or to any
Grantor of any right in or to a Patent. 
 “Patents”: (i) all United States and foreign patents, patent applications and
patentable inventions, including each issued patent and patent application identified in Schedule 1(a) attached to the Perfection Certificate, all certificates of invention or similar property rights, and all registrations thereof, (ii) all
inventions and improvements described and claimed therein, and (iii) all reissues, divisions, reexaminations, continuations, continuations-in-part, substitutes,
renewals, and extensions thereof and all improvements thereon. 
 “Perfection Certificate”: the Perfection Certificate
dated as of the date hereof, executed by the Grantors, as such certificate may be amended, restated, supplemented or otherwise modified from time to time. 

“Permitted Liens”: any and all Liens permitted to exist under the terms of the ABL Credit Agreement or the Term Loan Credit
Agreement. 
 “Pledged Debt Securities”: all debt securities now owned or hereafter acquired by any Grantor, including the
debt securities listed in Section IX of the Perfection Certificate, provided that the Pledged Debt Securities shall not include any Excluded Property. 

 “Pledged Equity Interests”: all shares or other equity interests
constituting Equity Interests now owned or hereafter acquired by such Grantor, including all shares of Equity Interests described on Section IX of the Perfection Certificate (as such certificate may be amended from time to time), and the
certificates, if any, representing such Equity Interests and any interest of such Grantor in the entries on the books of the issuer of such Equity Interests and all dividends, distributions, cash, warrants, rights, options, instruments, securities
and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such Equity Interests and any other warrant, right or option to acquire any of the foregoing,
provided that the Pledged Equity Interests shall not include any Excluded Property. 
 “Pledged Notes”: all
promissory notes and other evidences of Indebtedness that constitute Instruments now owned or hereafter acquired by any Grantor, including those listed in Section IX of the Perfection Certificate and all Intercompany Notes at any time issued to any
Grantor, provided that the Pledged Notes shall not include any Excluded Property. 
 “Pledged Securities”: the
collective reference to the Pledged Debt Securities, the Pledged Notes and the Pledged Equity Interests. 
 “Proceeds”: all
“proceeds” as such term is defined in Section 9-102(a)(64) of the UCC and, in any event, shall include all dividends or other income from the Pledged Securities, collections thereon or
distributions or payments with respect thereto. 
 “Receivable”: all accounts, Payment Intangibles and any other right to
payment for goods or other property sold, leased, licensed or otherwise disposed of or for services rendered, whether or not such right is evidenced by an Instrument or Chattel Paper or classified as a Payment Intangible and whether or not it has
been earned by performance. 
 “Registered Intellectual Property”: as defined in Section 4.5(a).

 “Secured Parties”: collectively, the Notes Agent, the Holders, and each co-agent
or sub-agent appointed by the Notes Agent from time to time. 
 “Subordinated
Obligations”: as defined in Section 2.5. 
 “Term Loan Credit Agreement”: as defined in
the Intercreditor Agreement. 
 “Trademark License”: any written agreement naming any Grantor as licensor or licensee
providing for the granting by or to any Grantor of any right in or to any Trademark. 
 “Trademarks”: (i) all United
States, state and foreign trademarks, service marks, trade names, corporate names, company names, business names, fictitious business names, trade dress, trade styles, logos, or other indicia of origin or source identification, Internet domain
names, trademark and service mark registrations, designs and general intangibles of like nature, and applications for trademark or service mark registrations and any renewals thereof, including each registration and application identified in
Schedule 1(a) attached to the Perfection Certificate and (ii) the goodwill of the business connected with the use of, and symbolized by, each of the above. 

“Trade Secrets”: all trade secrets and all confidential and proprietary information, including
know-how, manufacturing and production processes and techniques, inventions, research and development information, technical data, financial, marketing and business data, pricing and cost information, business
and marketing plans, and customer and supplier lists and information, formulae, parts, diagrams, drawings, specifications, blue prints, lists of materials, and production manuals. 

 “UCC”: the Uniform Commercial Code as in effect from time to time in the
State of New York; provided, however, that in the event that, by reason of mandatory provisions of law, any or all of the perfection or priority of, or remedies with respect to, any Collateral is governed by the Uniform Commercial Code
as enacted and in effect in a jurisdiction other than the State of New York, the term “UCC” shall mean the Uniform Commercial Code as enacted and in effect in such other jurisdiction solely for purposes of the provisions hereof relating to
such perfection, priority or remedies. 
 “USCO”: the United States Copyright Office. 

“USPTO”: the United States Patent and Trademark Office. 

“Vehicles”: all cars, trucks, trailers, construction and earth moving equipment and other vehicles that require a certificate
of title for purposes of registration in the relevant jurisdiction, and all tires and other appurtenances to any of the foregoing. 

1.2.    Other Definitional Provisions. 

(a)    Except as otherwise expressly set forth herein, the rules of construction specified in
Section 11.1 of the Note Purchase Agreement also apply to this Agreement. 
 (b)    Where the
context requires, terms relating to the Collateral or any part thereof, when used in relation to a Grantor, shall refer to such Grantor’s Collateral or the relevant part thereof. 

(c)    All references herein to provisions of the UCC shall include all successor provisions under any
subsequent version or amendment to any Article of the UCC. 
 SECTION 2.    GUARANTEE 

2.1.    Guaranty, Limitation of Liability. 

(a)    Each Guarantor, jointly and severally, hereby absolutely, unconditionally and irrevocably
guarantees, as primary obligor and not merely as surety, the punctual payment when due, whether at scheduled maturity or on any date of a required prepayment or by acceleration, demand or otherwise, of all Obligations of each other Grantor now or
hereafter existing under or in respect of the Transaction Documents (including, without limitation, any extensions, modifications, substitutions, amendments or renewals of any or all of the foregoing Obligations), whether direct or indirect,
absolute or contingent, and whether for principal, interest, premiums, fees, indemnities, contract causes of action, costs, expenses or otherwise (such Obligations being the “Guaranteed Obligations”), and agrees to pay any and all expenses
(including, without limitation, the reasonable and documented fees and expenses of counsel) incurred by the Notes Agent or any Holder in enforcing any rights under this Guaranty or any other Transaction Document. Without limiting the generality of
the foregoing, each Guarantor’s liability shall extend to all amounts that constitute part of the Guaranteed Obligations and would be owed by any other Grantor to any Holder under or in respect of the Transaction Documents but for the fact that
they are unenforceable or not allowable due to the existence of an Insolvency or Liquidation Proceeding involving such other Grantor. 

 (b)    Each Guarantor, and by its acceptance of this
Guaranty, the Notes Agent (on behalf of each Holder), hereby confirms that it is the intention of all such Persons that this Guaranty and the obligations of each Guarantor hereunder not constitute a fraudulent transfer, fraudulent conveyance or
fraudulent incurrence of a debt for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar foreign, federal or state law to the extent applicable to this Guaranty and the obligations of
each Guarantor hereunder. To effectuate the foregoing intention, the Notes Agent, the Holders and the Guarantors hereby irrevocably agree that the obligations of each Guarantor under this Guaranty at any time shall be limited to the maximum amount
as will not render the obligations of such Guarantor under this Guaranty subject to avoidance as a fraudulent transfer, fraudulent conveyance or fraudulent incurrence of a debt under any Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the
Uniform Fraudulent Transfer Act or any similar foreign, federal or state law, and not any greater amount. Each Guarantor hereby irrevocably waives any defenses it may now have or hereafter acquire in any way relating to any or all of the foregoing.

 (c)    Each Guarantor hereby unconditionally and irrevocably agrees that in the event any payment
shall be required to be made to any Holder under this Guaranty or any other guaranty, such Guarantor will contribute, to the maximum extent permitted by law, such amounts to each other Guarantor and each other guarantor so as to maximize the
aggregate amount paid to the Holders under or in respect of the Transaction Documents. 
 2.2.    Guaranty
Absolute. Each Guarantor guarantees that the Guaranteed Obligations will be paid strictly in accordance with the terms of the Transaction Documents, regardless of any law, regulation or order now or hereafter in effect in any jurisdiction
affecting any of such terms or the rights of any Holder with respect thereto. The obligations of each Guarantor under or in respect of this Guaranty are independent of the Guaranteed Obligations or any other Obligations of any other Grantor under or
in respect of the Transaction Documents, and a separate action or actions may be brought and prosecuted against each Guarantor to enforce this Guaranty, irrespective of whether any action is brought against the Company or any other Grantor or
whether the Company or any other Grantor is joined in any such action or actions. The liability of each Guarantor under this Guaranty shall be irrevocable, absolute and unconditional irrespective of, and each Guarantor hereby irrevocably waives any
defenses it may now have or hereafter acquire in any way relating to, any or all of the following: 

(a)    any lack of validity or enforceability of any Transaction Document or any agreement or instrument
relating thereto; 
 (b)    any change in the time, manner or place of payment of, or in any other term
of, all or any of the Guaranteed Obligations or any other Obligations of any other Grantor under or in respect of the Transaction Documents, or any other amendment or waiver of or any consent to departure from any Transaction Document, including,
without limitation, any increase in the Guaranteed Obligations resulting from the extension of additional credit to any Grantor or any of its Subsidiaries or otherwise; 

(c)    any taking, exchange, release or non-perfection of any
Collateral or any other collateral, or any taking, release or amendment or waiver of, or consent to departure from, any other guaranty, for all or any of the Guaranteed Obligations; 

(d)    any manner of application of Collateral or any other collateral, or proceeds thereof, to all or any
of the Guaranteed Obligations, or any manner of sale or other disposition of any Collateral or any other collateral for all or any of the Guaranteed Obligations or any other Obligations of any Grantor under the Transaction Documents or any other
assets of any Grantor or any of its Subsidiaries; 

 (e)    any change, restructuring or termination of the
corporate structure or existence of any Grantor or any of its Subsidiaries; 
 (f)    any failure of any
Holder to disclose to any Grantor any information relating to the business, condition (financial or otherwise), operations, performance, properties or prospects of any other Grantor now or hereafter known to such Holder (each Guarantor waiving any
duty on the part of the Holders to disclose such information); 
 (g)    the failure of any other Person
to execute or deliver this Agreement or any other guaranty or agreement or the release or reduction of liability of any Guarantor or other guarantor or surety with respect to the Guaranteed Obligations; or 

(h)    any other circumstance (including, without limitation, any statute of limitations) or any existence
of or reliance on any representation by any Holder that might otherwise constitute a defense available to, or a discharge of, any Grantor or any other guarantor or surety. 

This Guaranty shall continue to be effective or be reinstated, as the case may be, if at any time any payment of any of the Guaranteed
Obligations is rescinded or must otherwise be returned by any Holder or any other Person upon the insolvency, bankruptcy or reorganization of the Company or any other Grantor or otherwise, all as though such payment had not been made. 

2.3.    Waivers and Acknowledgments. 

(a)    Each Guarantor hereby agrees that its Guaranty hereunder constitutes a continuing, absolute,
irrevocable and unconditional guarantee of payment when due and not of collection and waives promptness, diligence, notice of acceptance, presentment, demand for performance, notice of nonperformance, default, acceleration, protest or dishonor and
any other notice with respect to any of the Guaranteed Obligations and this Guaranty and any requirement that any Holder protect, secure, perfect or insure any Lien or any property subject thereto or exhaust any right or take any action against any
Grantor or any other Person or any Collateral. 
 (b)    Each Guarantor hereby unconditionally and
irrevocably waives any right to revoke this Guaranty and acknowledges that this Guaranty is continuing in nature and applies to all Guaranteed Obligations, whether existing now or in the future. 

(c)    Each Guarantor hereby unconditionally and irrevocably waives (i) any defense arising by reason
of any claim or defense based upon an election of remedies by any Holder that in any manner impairs, reduces, releases or otherwise adversely affects the subrogation, reimbursement, exoneration, contribution or indemnification rights of such
Guarantor or other rights of such Guarantor to proceed against any of the other Grantors, any other guarantor or any other Person or any Collateral, (ii) any defense based on any right of set-off or
counterclaim against or in respect of the obligations of such Guarantor hereunder, and (iii) any right to require that any resort be had by the Notes Agent or any other Secured Party to any security held for the payment of the Obligations or to
any balance of any Deposit Account or credit on the books of the Notes Agent or any other Secured Party in favor of the Company or any other person. 

(d)    Each Guarantor acknowledges that the Notes Agent may, without notice to or demand upon such
Guarantor and without affecting the liability of such Guarantor under this 

 
Guaranty, foreclose under any mortgage by nonjudicial sale, and each Guarantor hereby waives any defense to the recovery by the Notes Agent and the other Secured Parties against such Guarantor of
any deficiency after such nonjudicial sale and any defense or benefits that may be afforded by applicable law. 

(e)    Each Guarantor assumes all responsibility for being and keeping itself informed of the
Company’s and each other Grantor’s financial condition and assets and of all other circumstances bearing upon the risk of nonpayment of the Obligations and the nature, scope and extent of the risks that such Guarantor assumes and incurs
hereunder, and agrees that neither the Notes Agent nor any other Secured Party will have any duty to advise such Guarantor of information known to it or any of them regarding such circumstances or risks. 

(f)    Each Guarantor hereby unconditionally and irrevocably waives any duty on the part of any Holder to
disclose to such Guarantor any matter, fact or thing relating to the business, condition (financial or otherwise), operations, performance, properties or prospects of any other Grantor or any of its Subsidiaries now or hereafter known by such
Holder. 
 (g)    Each Guarantor acknowledges that it will receive substantial direct and indirect
benefits from the arrangements contemplated by the Transaction Documents and that the waivers set forth in Section 2.2 and this Section 2.3 are knowingly made in contemplation of such benefits.

 2.4.    Subrogation. Each Guarantor hereby unconditionally and irrevocably agrees not to exercise any rights
that it may now have or hereafter acquire against the Company or any other Grantor that arise from the existence, payment, performance or enforcement of such Guarantor’s obligations under or in respect of this Guaranty or any other Transaction
Document, including, without limitation, any right of subrogation, reimbursement, exoneration, contribution or indemnification and any right to participate in any claim or remedy of any Holder against the Company, any other Grantor or any
Collateral, whether or not such claim, remedy or right arises in equity or under contract, statute or common law, including, without limitation, the right to take or receive from the Company or any other Grantor directly or indirectly, in Cash or
other property or by set-off or in any other manner, payment or security on account of such claim, remedy or right, unless and until all of the Guaranteed Obligations and all other amounts payable under this
Guaranty shall have been paid in full in Cash. If any amount shall be paid to any Guarantor in violation of the immediately preceding sentence at any time prior to the latest of (a) the payment in full in Cash of the Guaranteed Obligations and
all other amounts payable under this Guaranty, (b) the Discharge of Obligations, and (c) the Maturity Date, such amount shall be received and held in trust for the benefit of the Holders, shall be segregated from other property and funds
of such Guarantor and shall forthwith be paid or delivered to the Notes Agent in the same form as so received (with any necessary endorsement or assignment) to be credited and applied to the Guaranteed Obligations and all other amounts payable under
this Guaranty, whether matured or unmatured, in accordance with the terms of the Transaction Documents, or to be held as Collateral for any Guaranteed Obligations or other amounts payable under this Guaranty thereafter arising. If (i) any
Guarantor shall make payment to any Holder of all or any part of the Guaranteed Obligations, (ii) all of the Guaranteed Obligations and all other amounts payable under this Guaranty shall have been paid in full in Cash, and (iii) the
Discharge of Obligations shall have occurred, the Holders will, at such Guarantor’s request and expense, execute and deliver to such Guarantor appropriate documents, without recourse and without representation or warranty, necessary to evidence
the transfer by subrogation to such Guarantor of an interest in the Guaranteed Obligations resulting from such payment made by such Guarantor pursuant to this Guaranty. 

 2.5.    Subordination. Each Guarantor hereby subordinates any and
all debts, liabilities and other obligations owed to such Guarantor by each other Grantor (the “Subordinated Obligations”) to the Guaranteed Obligations to the extent and in the manner hereinafter set forth in this
Section 2.5: 
 (a)    Prohibited Payments, Etc. Except during the
continuance of any Event of Default, each Guarantor may receive regularly scheduled payments from any other Grantor on account of the Subordinated Obligations in compliance with the Intercreditor Agreement. Upon the occurrence and during the
continuance of any Event of Default, however, unless the Requisite Holders otherwise agree, no Guarantor shall demand, accept or take any action to collect any payment on account of the Subordinated Obligations other than to the extent payment of
such Subordinated Obligations is permitted under the terms of the Intercreditor Agreement and the other Transaction Documents. 

(b)    Prior Payment of Guaranteed Obligations. In any Insolvency or Liquidation Proceeding relating
to any other Grantor, each Guarantor agrees that the Secured Parties shall be entitled to receive payment in full in Cash of all Guaranteed Obligations (including all interest and expenses accruing after the commencement of an Insolvency or
Liquidation Proceeding, whether or not constituting an allowed claim in such proceeding (“Post-Petition Interest”)) before such Guarantor receives payment of any Subordinated Obligations. 

(c)    Turn-Over. Upon the occurrence and during the continuance of any Event of Default, each
Guarantor shall, if the Notes Agent so requests in writing, collect, enforce and receive payments on account of the Subordinated Obligations as trustee for the Secured Parties and deliver such payments to the Notes Agent on account of the Guaranteed
Obligations (including all Post-Petition Interest), together with any necessary endorsements or other instruments of transfer, but without reducing or affecting in any manner the liability of such Guarantor under the other provisions of this
Guaranty. 
 (d)    Notes Agent Authorization. After the occurrence and during the continuance of
any Event of Default, the Notes Agent is authorized and empowered (but without any obligation to so do), in its discretion, (i) in the name of each Guarantor, to collect and enforce, and to submit claims in respect of, the Subordinated
Obligations and to apply any amounts received thereon to the Guaranteed Obligations (including any and all Post-Petition Interest), and (ii) to require each Guarantor (A) to collect and enforce, and to submit claims in respect of, the
Subordinated Obligations and (B) to pay any amounts received on such obligations to the Notes Agent for application to the Guaranteed Obligations (including any and all Post-Petition Interest). 

2.6.    Reserved. 

2.7.    Reserved. 

2.8.    Reserved. 

SECTION 3.    GRANT OF SECURITY INTEREST 

(a)    Each Grantor hereby pledges and grants to the Notes Agent, for the ratable benefit of the Secured
Parties, a third priority security interest in, all of such Grantor’s right, title and interest in and to all of its personal property, in each case, wherever located and whether 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 (collectively, but subject to the last sentence of this Section 3(a), the “Collateral”), 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: 

(i)    all Accounts and Receivables; 

 (ii)    all Chattel Paper; 

(iii)    all Money, cash, cash equivalents and Deposit Accounts, Securities Accounts and Commodity Accounts
(excluding, for the avoidance of doubt, any cash, cash equivalents and Deposit Accounts, Securities Accounts and Commodity Accounts, in each case, constituting Excluded Property); 

(iv)    all Documents and Material Contracts; 

(v)    all Equipment; 

(vi)    all Fixtures; 

(vii)    all General Intangibles; 

(viii)    all Instruments; 

(ix)    all Intellectual Property; 

(x)    all Inventory; 

(xi)    all Investment Property; 

(xii)    all Letter of Credit Rights; 

(xiii)    all Goods not otherwise described above; 

(xiv)    all Collateral Accounts; 

(xv)    all Commercial Tort Claims listed on Section XII of the Perfection Certificate; 

(xvi)    all Vehicles and all title documents with respect to Vehicles; 

(xvii)    all books and records evidencing or pertaining to the Collateral; and 

(xviii)    to the extent not otherwise included, all other personal property of the Grantor and all
Proceeds, products, accessions, rents and profits of any and all of the foregoing and all collateral security, Supporting Obligations and guarantees given by any Person with respect to any of the foregoing. 

Notwithstanding anything to the contrary in this Agreement, this Agreement shall not constitute a grant of a security interest in any Excluded
Property and none of the Excluded Property shall constitute Collateral; provided, however, that a security interest shall immediately be granted to the Notes Agent (for the benefit of the Secured Parties) and attach to, and Collateral
shall immediately include, any asset (or portion thereof) upon such asset (or portion thereof) ceasing to be an Excluded Property. 

(b)    Notwithstanding anything herein to the contrary, (i) each Grantor shall remain liable for all
of its obligations in respect of the Collateral and nothing contained herein is intended or shall be a delegation of duties to any Secured Party, (ii) each Grantor jointly and severally agrees to indemnify and hold harmless the Notes Agent and
the Secured Parties from and against any and 

 
all liability for performance under each contract, agreement or instrument relating to the Collateral, (iii) each Grantor shall remain liable (as between itself and any relevant
counterparty) under each of its agreements included in the Collateral and shall perform all of its obligations undertaken by it thereunder all in accordance with and pursuant to the terms and provisions thereof and neither the Notes Agent nor any
other Secured Party shall have any obligation or liability under any of such agreements by reason of or arising out of this Agreement or any other document related thereto, nor shall the Notes Agent nor any other Secured Party have any obligation to
make any inquiry as to the nature or sufficiency of any payment received by it or have any obligation to take any action to collect or enforce any rights under any agreement included in the Collateral, and (iv) the exercise by the Notes Agent
or the other Secured Parties (or any of their respective directors, officers, employees, affiliates or agents) of any of its rights, remedies or powers hereunder shall not release any Grantor from any of its Obligations, duties or obligations under
the contracts and agreements included in the Collateral. 
 (c)    This Agreement, and the Liens granted
and created herein in the Collateral, secure the payment and the performance of all Obligations now or hereafter in effect, whether direct or indirect, absolute or contingent, and including all amounts that constitute part of the Obligations and
would be owed by the Grantors but for the fact that they are unenforceable or not allowed due to a pending Insolvency or Liquidation Proceeding. 

SECTION 4.    REPRESENTATIONS AND WARRANTIES 

To induce the Notes Agent and the Holders to enter into the Note Purchase Agreement and to induce the Holders to consummate the transactions
contemplated thereby, each Grantor and/or Guarantor hereby, jointly and severally, represents and warrants to the Notes Agent as and when required by the Note Purchase Agreement, for the benefit of the Secured Parties that each representation and
warranty contained in Article IV of the Note Purchase Agreement relating to such Grantor and/or Guarantor is true and correct in all material respects (or in the case of any such representation that is qualified by materiality, in all respects) as
if made by such Grantor and/or Guarantor herein, provided, that to the extent any representation and warranty specifically refers to a given date or period, it shall be true and correct in all material respects (or in the case of any such
representation that is qualified by materiality, in all respects) as of such date or for such period, and further represents and warrants that: 

4.1.    Title; No Other Liens. Such Grantor owns (or has the power to transfer rights in) each item of the
Collateral free and clear of any and all Liens except for Permitted Liens. No effective financing statement, fixture filing or other public notice under applicable law with respect to all or any part of the Collateral, to the extent authorized by
any Grantor, is on file or of record in any public office, except those as have been filed in favor of the Notes Agent, for the benefit of the Secured Parties, pursuant to this Agreement or the other Transaction Documents or as are not prohibited by
the Note Purchase Agreement or as are contemplated by the Intercreditor Agreement. 
 4.2.    Perfected Liens.
The security interests granted pursuant to this Agreement constitute legal, valid, binding and enforceable and, subject to the Intercreditor Agreement, and any Permitted Liens, third lien security interests in all of the Collateral in favor of the
Notes Agent, for the benefit of the Secured Parties, as collateral security for the Obligations, enforceable against each applicable Grantor in accordance with the terms hereof, except as enforceability may be limited by applicable Bankruptcy Law
and by general equitable principles (whether enforcement is sought in proceedings in equity or at law) and, other than with respect to Collateral in which a security interest cannot be perfected in such a manner, as of the Applicable Date for such
Grantor, when financing statements in appropriate form are filed in the appropriate filing offices and appropriate assignments or notices are filed in each applicable IP Office have been completed and upon the payment of all filing fees, will be
perfected and, subject to the Intercreditor Agreement and the first priority liens and second priority liens described therein, are prior to the Liens on the Collateral of any other Person (except for Permitted Liens). 

 4.3.    Name; Jurisdiction of Organization, etc. As of the
Applicable Date for each Grantor, such Grantor’s exact legal name (as indicated on the public record of such Grantor’s jurisdiction of formation or organization), jurisdiction of organization, organizational identification number, if any,
and the location of such Grantor’s chief executive office or sole place of business, as the case may be, are specified in Section I of the Perfection Certificate. Except as specified in Section I of the Perfection Certificate, no Person that is
a Grantor on the date hereof has (a) changed its name, jurisdiction of organization, chief executive office or sole place of business (as the case may be) within the four (4) calendar months immediately prior to the Applicable Date, or
(b) any books and records concerning the Collateral at any location other than at such chief executive office or sole place of business. 

4.4.    Investment Property and Pledged Securities. 

(a)    As of the Applicable Date, such Grantor is the record and beneficial owner of all Pledged Equity
Interests pledged by it hereunder which is issued by any Subsidiary of a Grantor, and such Grantor has good title to all such Pledged Equity Interests and to all other Investment Property pledged by it hereunder, free of any and all Liens, except
Permitted Liens. 
 (b)    Section IX of the Perfection Certificate sets forth as of the Applicable Date
for Company and each other Grantor, with respect to such Grantor under the heading “Equity Interests” all of the Pledged Equity Interests owned by such Grantor, and such Pledged Equity Interests as of such Applicable Date constitutes the
percentage of issued and outstanding shares of stock, percentage of membership interests, percentage of partnership interests or percentage of beneficial interest of the respective issuers thereof indicated on such certificate, as applicable.
Section X of the Perfection Certificate sets forth as of the Applicable Date for each Grantor, with respect to such Grantor under the heading “Debt Instruments” all of the Pledged Debt Securities and Pledged Notes, owned by any Grantor
that are required to be delivered to the Notes Agent pursuant to Section 5.1(a). 

(c)    The shares of Pledged Equity Interests pledged by such Grantor hereunder constitute all of the
issued and outstanding shares of all classes of the Equity Interests of each issuer of Equity Interests included in the Collateral owned by such Grantor. All the shares of the Pledged Equity Interests issued by the Company or any Subsidiary of the
Company have been duly and validly authorized and issued and are fully paid and nonassessable. 

(d)    All the Pledged Debt Securities and Pledged Notes issued by the Company or any Subsidiary of the
Company have been duly and validly authorized and issued and are legal, valid and binding obligations of the issuers thereof. 

(e)    Each Grantor (i) as of the Applicable Date for such Grantor, is and, subject to any transfers
made in compliance with the ABL Credit Agreement or the Term Loan Credit Agreement, will continue to be the direct owner, beneficially and of record, of the Pledged Securities indicated in Section IX of the Perfection Certificate as owned by such
Grantor and (ii) will make no assignment, pledge, hypothecation or transfer of, or create or permit to exist any security interest in or other Lien on, the Pledged Securities, except as permitted by the ABL Credit Agreement or the Term Loan
Credit Agreement. 
 (f)    Except for restrictions and limitations imposed by the Transaction Documents,
the Intercreditor Agreement, the Term Loan Credit Agreement, the ABL Credit Agreement, or 

 
securities laws generally or otherwise permitted to exist pursuant to the terms of the Note Purchase Agreement, the Pledged Securities are and will continue to be freely transferable and
assignable, and as of the Applicable Date, none of the Pledged Securities are or will be subject to outstanding subscriptions, options, warrants, calls, rights or other agreements or commitments that might materially prohibit, impair, delay or
otherwise in a manner material and adverse to the Secured Parties affect the sale or disposition thereof pursuant hereto or the exercise by the Notes Agent of rights and remedies hereunder. 

4.5.    Intellectual Property. 

(a)    Section VII of the Perfection Certificate lists as of the Applicable Date for such Grantor all
issued Patents and pending Patent applications of any Grantor with the USPTO, all registered Copyrights, and pending Copyright applications of any Grantor with the USCO, all registered Trademarks and pending Trademark applications of any Grantor
with the USPTO (collectively, “Registered Intellectual Property”), and all exclusive Copyright Licenses. 

(b)    Except as would not have or reasonably be expected to have a Material Adverse Effect (as defined in
the Term Loan Credit Agreement): 
 (i)    each Grantor owns or has the right to use all Intellectual
Property that is material to its business as currently conducted, free of all Liens other than Permitted Liens, and takes reasonable actions to protect, preserve and maintain such Intellectual Property; 

(ii)    as of the Applicable Date, all Intellectual Property owned or exclusiving licensed by such Grantor
is valid, unexpired, enforceable, and has not been abandoned and all exclusive Copyright Licenses are in full force and effect; 

(iii)    as of the Applicable Date, to each Grantor’s knowledge, the business and operations of such
Grantor do not Infringe the intellectual property rights of any other person, and no Person is Infringing any rights in any Intellectual Property owned by such Grantor; 

(iv)    as of the Applicable Date, no holding, decision or judgment has been rendered by any Governmental
Authority or arbitrator which would limit, cancel or challenge the validity, enforceability, ownership or use of such Grantor’s rights in any Intellectual Property owned by the Grantor in any respect, and such Grantor knows of no valid basis
for same; and 
 (v)    no action or proceeding is pending or, to the knowledge of such Grantor,
threatened in writing, in each case, on the date hereof seeking to limit, cancel or challenge the validity, enforceability, ownership or use of any Intellectual Property owned by the Grantor or such Grantor’s interest therein. 

4.6.    Reserved. 

4.7.    Reserved. 

4.8.    Margin Regulations. The pledge of Collateral pursuant to this Agreement does not violate Regulations T, U
or X of the Board of Governors of the Federal Reserve System, as in effect from time to time. 

 4.9.    Reserved. 

SECTION 5.    COVENANTS 

Each Grantor and/or Guarantor covenants and agrees with the Notes Agent, for the benefit of the Secured Parties, that, until the Discharge of
Obligations, in each case subject to the requirements of the Intercreditor Agreement, each applicable Grantor and/or Guarantor covenants and agrees that such Grantor and/or Guarantor will comply, and will cause each of its Subsidiaries to comply,
with all of the applicable provisions, covenants and agreements contained in Article V of the Note Purchase Agreement relating to such Grantor and/or Guarantor or its Subsidiaries, and it will take or will refrain from taking, as the case may be,
all actions that are necessary to be taken or not taken so that no violation of any provision, covenant or agreement contained in Article V of the Note Purchase Agreement, and so that no Event of Default, is caused by the actions of such Grantor
and/or Guarantor or any of its Subsidiaries, and that: 
 5.1.    Delivery of Pledged Securities; Certificated
Securities. 
 (a)    Following the Discharge of ABL Obligations and the Discharge of Term Loan
Obligations, if any of the Collateral consists of an Instrument with value in excess of $100,000, note or debt security, such Instrument, note or debt security shall be delivered to the Notes Agent (i) on the Closing Date (in the case of any
such Collateral owned by a Grantor on the Closing Date or such later date as the Notes Agent may agree) or (ii) promptly after such Collateral is acquired (in the case of any other such Collateral) and in any event no later than 10 Business
Days after such acquisition (or such later date as the Notes Agent may agree in its reasonable discretion), in each case accompanied by proper instruments of assignment duly executed by the applicable Grantor in blank in a manner and form reasonably
satisfactory to the Notes Agent (in each case to the extent delivery of such instruments of assignment are customary under applicable requirements of law), to be held as Collateral pursuant to this Agreement. 

(b)    Following the Discharge of ABL Obligations and the Discharge of Term Loan Obligations, if any of the
Collateral consisting of Equity Interests of a Subsidiary of a Grantor is a “security” within the meaning of Article 8 of the UCC and is or shall become evidenced or represented by any certificate, such certificate shall be delivered to
the Notes Agent (i) on the Closing Date (in the case of any such Collateral owned by a Grantor that is evidenced or represented by a certificate on the Closing Date) (or such later date as the Notes Agent may agree) or (ii) in the case of
any other such Collateral that is acquired or becomes evidenced or represented by a certificate after the Closing Date, promptly after such Collateral is acquired or becomes so evidenced or represented and in any event no later than 10 Business Days
after such acquisition or representation (or such later date as the Notes Agent may agree in its reasonable discretion), in each case accompanied by undated stock powers or other instruments of transfer duly executed by the applicable Grantor in
blank in a manner and form reasonably satisfactory to the Notes Agent, to be held as Collateral pursuant to this Agreement. 

(c)    Each Grantor acknowledges and agrees that to the extent each interest in any limited liability
company or limited partnership that is a Subsidiary of a Grantor and pledged hereunder is a “security” within the meaning of Article 8 of the UCC and is governed by Article 8 of the UCC, such interest shall be (i) certificated and
each such interest shall at all times hereafter continue to be such a security and represented by such certificate or (ii) if not so certificated, following the Discharge of ABL Obligations and the Discharge of Term Loan Obligations, subject to
a control agreement in favor of the Notes Agent unless constituting Excluded Property. Each Grantor further acknowledges and agrees that with respect to any interest in any limited liability company or limited partnership that is a Subsidiary of a
Grantor and pledged hereunder that is not 

 
a “security” within the meaning of Article 8 of the UCC, such Grantor shall, following the Discharge of ABL Obligations and the Discharge of Term Loan Obligations, at no time thereafter
elect to treat any such interest as a “security” within the meaning of Article 8 of the UCC, nor shall such interest be represented by a certificate, unless such Grantor provides prompt written notification to the Notes Agent of such
election and such interest is thereafter represented by a certificate that is delivered to the Notes Agent. 

5.2.    Maintenance of Perfected Security Interest Further Documentation. 

(a)    Subject to the provisions of Section 3(b) hereof, and provided that
in no event shall any Grantor be required to deliver Pledged Securities not required to be delivered pursuant to Section 5.1 hereof, such Grantor shall (i) maintain the security interest created by this Agreement on
the Collateral as a perfected security interest having at least the priority described in Section 4.2 hereof until the Collateral is released from such security interest in connection with the Discharge of Obligations,
pursuant to the terms of the Intercreditor Agreement or by operation of law or by agreement of at least the Requisite Holders and shall cause such Collateral to remain free of Liens other than Permitted Liens, and (ii) defend the right, title
and interest of the Notes Agent and the other Secured Parties in and to the Collateral against the claims and demands of all Persons whomsoever. 

(b)    Subject to the provisions of Section 3(b) hereof, at any time and from
time to time, upon the written request of the Notes Agent, and at the sole expense of such Grantor, such Grantor will promptly and duly authorize, execute and deliver, and have recorded, such further instruments and documents and take such further
actions as the Notes Agent may reasonably request to better assure, preserve, protect and perfect the security interests granted hereby, the full benefits of this Agreement and the rights and powers herein granted, including (i) the payment of
any fees and taxes required in connection with the execution and delivery of this Agreement and the granting and perfecting of the security interests, and (ii) the filing of any financing or continuation statements under the UCC with respect to
the security interests created hereby. Each Grantor will provide to the Notes Agent from time to time upon reasonable request, evidence reasonably satisfactory to the Notes Agent as to the perfection (to the extent required by this Agreement and
allowed under the Intercreditor Agreement) and priority of the Lien created or intended to be created pursuant to this Agreement. 

5.3.    Changes in Locations, Name, Jurisdiction of Incorporation, etc. If any Grantor intends to change its
(i) jurisdiction of organization or, in the case of Grantors which are not registered organizations (within the meaning of the UCC), the location of its chief executive office or the sole place of business from that referred to in Section I of
the Perfection Certificate, (ii) name or (iii) type of organization, such Grantor shall not undertake any such action until it has given to the Notes Agent not less than five (5) Business Days’ prior written notice of its
intention to do so, specifying such new jurisdiction, location, name or type of organization (as applicable), and within 10 Business Days of taking any such action (or such later date as the Notes Agent may agree in its reasonable discretion), such
Grantor shall deliver to the Notes Agent all additional financing statements and any other documents and take other any action necessary to maintain the validity, perfection and priority of the security interests in the Collateral provided for
herein, subject to the provisions of and Section 3(b) hereof. 
 5.4.    Intellectual
Property. 
 (a)    Such Grantor will not (and will not affirmatively permit any licensee or
sublicensee thereof to) do any act, or omit to do any act, whereby any material Intellectual Property owned by such Grantor may become forfeited, abandoned or dedicated to the public, except as shall

 
be consistent with such Grantor’s commercially reasonable business judgment that the maintenance thereof is no longer necessary to or useful for the conduct of such Grantor’s business
and as permitted under the ABL Credit Agreement or the Term Loan Credit Agreement. Each Grantor shall take all commercially reasonable steps which it (or during the continuation of an Event of Default, the Notes Agent) deems reasonable and
appropriate under the circumstances to maintain, preserve and protect each item of its material Intellectual Property. 

(b)    Such Grantor agrees to execute an Intellectual Property Security Agreement, with respect to its
Registered Intellectual Property and exclusive Copyright Licenses (other than Excluded Property) included in the Collateral in order to record the security interest granted herein to the Notes Agent for the benefit of the Secured Parties with the
USPTO or the USCO, as applicable, as and when required by Section 5.4(c). 

(c)    Such Grantor agrees that, should it obtain an ownership interest in any item of Registered
Intellectual Property or be granted any exclusive Copyright Licenses after the date hereof (other than Excluded Property) (the “After-Acquired Intellectual Property”), (i) the provisions of Section 3 hereof shall
automatically apply thereto and (ii) any such After-Acquired Intellectual Property shall automatically become part of the Collateral. Upon the reasonable request of the Notes Agent after notice of any newly acquired, created or developed
Registered Intellectual Property owned by such Grantor or new rights granted to such Grantor under any exclusive Copyright License, such Grantor shall execute an Intellectual Property Security Agreement with respect to its After-Acquired
Intellectual Property, in order to record the security interest granted herein to the Notes Agent for the benefit of the Secured Parties with the USPTO or the USCO, as applicable. 

5.5.    Commercial Tort Claims. If such Grantor shall obtain an interest in any Commercial Tort Claim with an
estimated value in excess of $100,000, such Grantor shall (a) on the Closing Date (in the case of any such interest in any Commercial Tort Claims owned by a Grantor on the Closing Date) or (b) promptly after such interest is obtained (in
the case of any other such interest in a Commercial Tort Claim) and in any event no later than 10 Business Days after such interest is obtained (or such later date as the Notes Agent may agree in its reasonable discretion) sign and deliver
documentation reasonably requested by and acceptable to the Notes Agent granting a security interest under the terms and provisions of this Agreement in and to such Commercial Tort Claim and the proceeds thereof. In the event the Perfection
Certificate shall set forth any Commercial Tort Claim, Section 3(a)(xv) hereof shall be deemed to be supplemented to include the reference to such Commercial Tort Claim (and the description thereof), in the same form as
such reference and description are set forth on the Perfection Certificate. 
 5.6.    Deposit Accounts; Securities
Accounts. Each Grantor shall comply with the applicable requirements set forth in the ABL Credit Agreement or Term Loan Credit Agreement, as applicable. 

5.7.    Records; Statements and Schedules. Each Grantor shall keep and maintain, at its own cost and expense,
records of the Collateral owned by it, including records of all payments received with respect thereto, and it shall make the same available to the Notes Agent for inspection at such Grantor’s chief executive office, at its own cost and expense
upon reasonable prior written notice (except after the occurrence and during the continuance of an Event of Default) during normal business hours. The Grantor shall furnish to the Notes Agent from time to time statements and schedules further
identifying and describing the Collateral and such other reports in connection with the Collateral as the Notes Agent may reasonably request in writing, all in reasonable detail. 

5.8.    Improper Distributions. Notwithstanding any other provision contained in this Agreement, no Grantor shall
accept any distributions, dividends or other payments (or any collateral in lieu thereof) in respect of the Collateral, except to the extent the same are permitted by the terms of this Agreement, the ABL Credit Agreement or the Term Loan Credit
Agreement. 

 5.9.    Bankruptcy; Dissolution. None of the Company nor Holdings
shall authorize or permit US LLC to: 
 (a)    except upon compliance with the requirements of its
constituent documents, (i) commence a voluntary Insolvency or Liquidation Proceeding seeking liquidation, reorganization or other relief with respect to the US LLC or the US LLC’s debts or seeking the appointment of a trustee, receiver,
liquidator, custodian or other similar official of the Company or any substantial part of the US LLC’s property, (ii) consent to any such relief or to the appointment of or taking possession by any such official in an involuntary
Insolvency or Liquidation Proceeding against US LLC, or (iii) make a general assignment for the benefit of the US LLC’s creditors; 

(b)    commence or join with any other Person (other than the Notes Agent and the other Secured Parties) in
commencing any Insolvency or Liquidation Proceeding against US LLC; or 
 (c)    except as permitted by
the Transaction Documents, liquidate, wind up or dissolve, or sell or lease or otherwise transfer or dispose of all or any substantial part of its property, assets or business or combine, merge or consolidate with or into any other entity, or change
its legal form, or implement any material acquisition or purchase of assets from any Person. 

5.10.    Vehicles. 

(a)    Following the Discharge of ABL Obligations and the Discharge of Term Loan Obligations, no Grantor
shall permit (i) the certificate of title/ownership for any Vehicle to be transferred to another jurisdiction without notifying the Notes Agent thirty (30) days (or such shorter period as the Notes Agent may agree in its reasonable
discretion) prior to such transfer and demonstrating compliance with such other jurisdiction’s certificate of title statute in order to properly perfect the Notes Agent’s security interest in such Vehicle and (ii) any Vehicle to be
removed from the state which has issued such Vehicle’s certificate of title/ownership for a period that is in excess of the statutory period which would require such Vehicle to be “re-titled” in
any other jurisdiction, unless a new certificate of title/ownership is delivered for such new jurisdiction within such statutory period. 

(b)    Following the Discharge of ABL Obligations and the Discharge of Term Loan Obligations, with respect
to any Vehicles acquired by such Grantor subsequent to the date thereof, within sixty (60) days after the date of acquisition thereof (or such later period as may be consented to by the Notes Agent), all applications for certificates of
title/ownership indicating the Notes Agent’s security interest in the Vehicle covered by such certificate, and any other necessary documentation, shall be filed in each office in each jurisdiction which the Notes Agent shall deem advisable to
perfect its security interests in the Vehicles. 
 SECTION 6.    REMEDIAL PROVISIONS 

6.1.    Communications with Obligors; Grantors Remain Liable. The Notes Agent may at any time after an Event of
Default has occurred and is continuing require any Grantor to notify the account debtor or counterparty on any Receivable constituting Collateral of the security interest of the Notes Agent therein. In addition, after the occurrence and during the
continuance of an Event of Default, the Notes Agent may require any Grantor to notify the Account Debtor or counterparty to make all payments under the Receivables constituting Collateral as directed by the Notes Agent. 

 6.2.    Pledged Securities. 

(a)    Unless an Event of Default shall have occurred and be continuing and the Notes Agent shall have
given three (3) Business Days’ prior written notice to the relevant Grantor of the Notes Agent’s intent to exercise its corresponding rights pursuant to Section 6.2(b) (which notice shall be deemed to have
been given immediately upon the occurrence of an Event of Default under Section 6.01(e), Section 6.01(f), or Section 6.01(g) of the Note Purchase Agreement, other than to the extent such right is waived or revoked in writing by the
Requisite Holders), each Grantor shall be permitted to (i) receive all dividends, interest, principal or other payments or distributions paid or made in respect of the Pledged Securities, to the extent not prohibited by the Note Purchase
Agreement and (ii) exercise all voting and corporate or other ownership rights with respect to the Pledged Securities; provided, however, that no vote shall be cast or corporate or other ownership right exercised or other action
taken which would reasonably be expected to materially and adversely affect the rights inuring to a holder of any Pledged Securities or the rights and remedies of the Notes Agent or the other Secured Parties under this Agreement or any other
Transaction Document or the ability of the Secured Parties to exercise the same or which would violate any provision of this Agreement or any other Transaction Document. 

(b)    If an Event of Default shall occur and be continuing and the Notes Agent shall have given three
(3) Business Days’ prior written notice to the Company of the Notes Agent’s intent to execute its rights pursuant to this Section 6.2(b) (which notice shall be deemed to have been given immediately upon the
occurrence of an Event of Default under Section 6.01(e), Section 6.01(f), or Section 6.01(g) of the Note Purchase Agreement, other than to the extent such right is waived or revoked in writing by the Requisite Holders): (i) the Notes
Agent shall have the right to receive any and all dividends, interest, principal or other payments or distributions paid in respect to the Pledged Securities included in the Collateral and make application thereof to the Obligations in accordance
with Section 6.4, (ii) all rights of each Grantor to exercise or refrain from exercising the voting and other consensual rights which it would otherwise be entitled to exercise pursuant hereto shall cease and all such
rights shall thereupon become vested in the Notes Agent which shall thereupon have the sole right, but shall be under no obligation, to exercise or refrain from exercising such voting and other consensual rights and (iii) the Notes Agent shall
have the right, without notice to any Grantor, to transfer all or any portion of the Investment Property included in the Collateral to its name or the name of its nominee or agent or the name of the applicable Grantor, endorsed or assigned in blank
in favor of the Notes Agent, and each Grantor will, upon request, promptly give to the Notes Agent copies of any notices or other communications received by it with respect to Pledged Securities included in the Collateral registered in the name of
such Grantor. In addition, if an Event of Default has occurred and is continuing, the Notes Agent shall have the right at any time, without notice to any Grantor, to exchange any certificates or instruments representing any Investment Property
included in the Collateral for certificates or instruments of smaller or larger denominations. In order to permit the Notes Agent to exercise the voting and other consensual rights which it may be entitled to exercise pursuant hereto and to receive
all dividends and other distributions which it may be entitled to receive hereunder if an Event of Default has occurred and is continuing, each Grantor shall promptly execute and deliver (or cause to be executed and delivered) to the Notes Agent all
proxies, dividend payment orders and other instruments as the Notes Agent may from time to time reasonably request, and each Grantor acknowledges that the Notes Agent may utilize the power of attorney set forth herein. All dividends, interest,
principal or other payments or distributions received by any Grantor contrary to the provisions of this Section 6.2(b) shall be segregated and held in trust for the benefit of the Notes Agent and shall be promptly delivered
to the Notes Agent in the same form as so received (with any necessary endorsement reasonably requested by the Notes Agent). 

 (c)    Any notice given by the Notes Agent to the
Company or any other Grantor under this Section 6.2 (i) may be given with respect to one or more of the Grantors at the same or different times and (ii) may suspend the rights of the Grantors under paragraph
(a) or (b) of this Section 6.2 in part without suspending all such rights (as specified by the Notes Agent in its sole and absolute discretion) and without waiving or otherwise affecting the Notes Agent’s rights
to give additional notices from time to time suspending other rights so long as an Event of Default has occurred and is continuing. 

(d)    Subject to the Intercreditor Agreement, each Grantor hereby authorizes and instructs each Issuer of
any Pledged Securities pledged by such Grantor hereunder to (i) comply with any instruction received by it after the occurrence and during the continuation of an Event of Default from the Notes 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 Grantor, and each Grantor agrees that each Issuer shall be fully protected
in so complying, and (ii) unless otherwise expressly permitted hereby, pay any dividends or other payments with respect to the Pledged Securities directly to the Notes Agent. 

6.3.    Proceeds to be Turned Over to Notes Agent. Subject to the Intercreditor Agreement, if an Event of Default
shall occur and be continuing, at the written request of the Notes Agent, all Proceeds of Collateral received by any Grantor consisting of cash, Cash Equivalents and checks shall be segregated and held in trust by such Grantor for the Secured
Parties, and shall, forthwith upon receipt by such Grantor, be turned over to the Notes Agent in the exact form received by such Grantor (duly endorsed by such Grantor to the Notes Agent, if reasonably required). All such Proceeds of Collateral
received by the Notes Agent under this Section 6.3 shall be held by the Notes Agent in a Collateral Account maintained under its control (as defined in and subject to Section 9104 of the UCC). All such Proceeds while
held by the Notes Agent in a Collateral Account (or by such Grantor for the Secured Parties) shall continue to be held as collateral security for all the Obligations and shall not constitute payment thereof until applied as provided in
Section 6.4. 
 6.4.    Application of Proceeds. 

(a)    Subject to the Intercreditor Agreement, if an Event of Default shall have occurred and be
continuing, at any time at the Notes Agent’s election, the Notes Agent may apply all or any part of the net Proceeds (after deducting fees and expenses as provided in Section 6.5 below) of Collateral realized through
the exercise by the Notes Agent of its remedies hereunder, whether or not held in any Collateral Account, and any proceeds of the guarantee set forth in Section 2 hereof, in payment of the Obligations in the following
order: 
 First, to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts
payable to the Notes Agent in its capacity as such; 
 Second, to payment of that portion of the Obligations constituting
fees, indemnities and other amounts payable to the Secured Parties (including amounts payable under Section 2 of this Agreement), ratably among them in proportion to the amounts described in this clause Second payable to
them; 
 Third, to payment of that portion of the Obligations constituting accrued and unpaid interest on the Notes, ratably
among the holders of such Obligations in proportion to the respective amounts described in this clause Third payable to them; 

 Fourth, to payment of that portion of the Obligations constituting unpaid
principal of the Notes then due and payable, ratably among the holders of such Obligations in proportion to the respective amounts described in this clause Fourth held by them; 

Fifth, to the payment of all other Obligations of the Grantors that are then due and payable to the Notes Agent and the other
Secured Parties on such date, ratably based upon the respective aggregate amounts of all such Obligations owing to the Notes Agent and the other Secured Parties on such date; and 

Last, the balance, if any, after all of the Obligations have been paid in full, to the Company or as otherwise required by
applicable Law. 
 (b)    Subject to the Intercreditor Agreement and except as provided herein or in any
other Transaction Document, the Notes Agent shall have absolute discretion as to the time of application of any such proceeds, moneys or balances in accordance with this Agreement. Upon any sale of Collateral by the Notes Agent (including pursuant
to a power of sale granted by statute or under a judicial proceeding), the receipt of proceeds in the amount agreed upon by the Notes Agent or by the officer making the sale shall be a sufficient discharge to the purchaser or purchasers of the
Collateral so sold and such purchaser or purchasers shall not be obligated to see to the application of any part of the purchase money paid over to the Notes Agent or such officer or be answerable in any way for the misapplication thereof 

6.5.    Code and Other Remedies. 

(a)    Subject to the Intercreditor Agreement, upon the occurrence and during the continuance of an Event
of Default, and except for an Event of Default under Section 6.1(e), Section 6.1(f), or Section 6.1(g) of the Note Purchase Agreement (other than to the extent such right is waived or revoked in writing by the Requisite Holders), the
Notes Agent’s notice of its intent to exercise such rights to the relevant Grantor or Grantors delivered in accordance with the terms of this Agreement, to the extent required by law, each Grantor agrees to deliver each item of Collateral to
the Notes Agent promptly after demand therefor, and it is agreed that the Notes 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, all rights and remedies of a secured party under the UCC or its rights under any other applicable law or in equity, including to pursue any of the following separately, successively or
simultaneously: (i) require any Grantor to, and each Grantor hereby agrees that is shall at its expense and promptly upon request of the Notes Agent forthwith, assemble all or part of the Collateral as directed by the Notes Agent and make it
available to the Notes Agent at a place to be designated by the Notes Agent that is reasonably convenient to both parties; (ii) subject to the express written terms of any applicable lease, sublease, landlord consent, landlord waiver, bailee
letter, collateral access agreement or other similar agreement, enter onto the property where any Collateral is located and take possession thereof with or without judicial process; (iii) prior to the disposition of the Collateral, store,
process, repair or recondition the Collateral or otherwise prepare the Collateral for disposition in any manner to the extent the Notes Agent deems reasonably appropriate and while the Collateral shall be so stored, provide such security and
maintenance services as shall be commercially reasonable to protect the same and to preserve and maintain them in good condition; (iv) without notice except as specified below or under the UCC, sell, assign, lease, license (on an exclusive or
nonexclusive basis), grant an option or options to purchase or otherwise dispose of, deliver, or otherwise realize upon, the Collateral or any part thereof in one or more parcels at public or private sale (which sales may be adjourned or continued
from time to time with or without notice and may take place at such Grantor’s premises, at any of the Notes Agent’s 

 
offices or elsewhere, for cash, on credit or for future delivery without assumption of any credit risk, at such time or times and at such price or prices and upon such other terms as the Notes
Agent may deem commercially reasonable); (v) apply any monies constituting Collateral or proceeds thereof in accordance with the provisions of Section 6.4; (vi) demand, sue for, collect or receive any money or property at
any time payable or receivable in respect of the Collateral including instructing part of the Collateral to make any payment required by the terms of such agreement, instrument or other obligation directly to the Notes Agent, and in connection with
any of the foregoing, compromise, settle, extend the time for payment and make other modifications with respect thereto and (vii) subject to Section 6.2(a), exercise any and all rights as beneficial and legal owner of
the Collateral, including perfecting assignment of and exercising any and all voting, consensual and other rights and powers with respect to any Collateral. Without limiting the generality of the foregoing, the Notes Agent, without demand of
performance or other demand or defense, presentment, protest, advertisement or notice of any kind (except any notice required by law referred to below) to or upon any Grantor or any other Person (all and each of which demands, defenses (other than
the defense of payment or performance of the Discharge of Obligations), presentment, protest, advertisements and notices are hereby waived to the extent permitted by applicable law), may in such circumstances forthwith collect, receive, appropriate
and realize upon the Collateral, or any part thereof, or consent (or not consent) to the use by any Grantor of any cash collateral arising in respect of the Collateral on such terms as the Notes Agent deems reasonable, and/or may forthwith sell,
lease, license, assign, give option or options to purchase, or otherwise dispose of and deliver, or acquire by credit bid on behalf of the Secured Parties, the 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 any 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, it being understood that any sale pursuant to the provisions of this Section 6.5 shall be deemed to conform to the commercially reasonable standards under the UCC, with
respect to any disposition of Collateral. Each Secured Party shall have the right upon any such public sale or sales, and, to the extent permitted by law, upon any such private sale or sales, to purchase the whole or any part of the Collateral so
sold, free of any right or equity of redemption in any Grantor, which right or equity is hereby waived and released. To the fullest extent permitted by applicable law, each purchaser at any such sale shall hold the property sold to it absolutely
free from any claim or right on the part of any Grantor, and each Grantor hereby waives (to the extent permitted by applicable law) all rights of redemption, stay and/or appraisal which it now has or may at any time in the future have under any rule
of law or statute now existing or hereafter enacted. Each Grantor agrees that, to the extent notice of sale shall be required by law, at least ten (10) days’ notice to such Grantor of the time and place of any public sale or the time after
which any private sale is to be made shall constitute reasonable notification. The Notes Agent shall not be obligated to make any sale of Collateral regardless of notice of sale having been given. Subject to the Intercreditor Agreement, the Notes
Agent may adjourn any public or private sale from time to time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. Subject to the Intercreditor
Agreement, the Notes Agent may sell the Collateral without giving any warranties as to the Collateral. The Notes Agent may specifically disclaim or modify any warranties of title or the like. To the fullest extent permitted by applicable law, this
procedure will not be considered to adversely affect the commercial reasonableness of any sale of the Collateral. Each Grantor agrees that it would not be commercially unreasonable for the Notes Agent to dispose of the Collateral or any portion
thereof by using Internet sites that provide for the auction of assets of the types included in the Collateral or that have the reasonable capability of doing so, or that match buyers and sellers of assets. Each such purchaser at any such sale shall
hold the property sold absolutely, free from any claim or right on the part of any Grantor, and each Grantor hereby waives (to the extent permitted by law) all rights of redemption, stay and appraisal which such Grantor 

 
now has or may at any time in the future have under any rule of law or statute now existing or hereafter enacted. As an alternative to exercising the power of sale herein conferred upon it, the
Notes Agent may proceed by a suit or suits at law or in equity to foreclose this Agreement and to sell the Collateral or any portion thereof pursuant to a judgment or decree of a court or courts having competent jurisdiction or pursuant to a
proceeding by a court-appointed receiver. In the event of a foreclosure by the Notes Agent on any of the Collateral pursuant to a public or private sale or other disposition, the Notes Agent or any Holder may be the purchaser or licensor of any or
all of such Collateral at any such sale or other disposition, and the Notes Agent, at the direction of the Requisite Holders, as agent for and representative of the Secured Parties (but not any Holder or Holders in its or their respective individual
capacities unless the Requisite Holders shall otherwise agree in writing) shall be entitled, for the purpose of bidding and making settlement or payment of the purchase price for all or any portion of the Collateral sold at any such public sale, to
use and apply any of the Obligations as a credit on account of the purchase price for any Collateral payable by the Notes Agent on behalf of the Secured Parties at such sale or other disposition. For purposes hereof, a written agreement to purchase
the Collateral or any portion thereof shall be treated as a sale thereof and the Notes Agent shall be free to carry out such sale pursuant to such agreement and no Grantor shall be entitled to the return of the Collateral or any portion thereof
subject thereto, notwithstanding the fact that after the Notes Agent shall have entered into such an agreement all Events of Default shall have been remedied and the Obligations paid in full. To the extent permitted by applicable law, each Grantor
waives all claims, damages and demands it may acquire against the Notes Agent or any Secured Party arising out of the exercise by them of any of their rights hereunder. Each Grantor further agrees, at the Notes Agent’s reasonable request, if an
Event of Default has occurred and is continuing, to assemble the Collateral and make it available to the Notes Agent at places which the Notes Agent shall reasonably select, whether at such Grantor’s premises or elsewhere. 

(b)    Subject to the Intercreditor Agreement, the Notes Agent shall apply the net proceeds of any action
taken by it pursuant to this Section 6.5, after deducting all reasonable and documented out-of-pocket costs and expenses of the Notes Agent of
every kind incurred in connection therewith or incidental to the care or safekeeping of any of the Collateral or in any way relating to the Collateral or the rights of the Secured Parties hereunder, including reasonable and documented out-of-pocket attorneys’ fees and disbursements, to the payment in whole or in part of the Obligations in accordance with Section 6.4 and only
after such application and after the payment by the Notes Agent of any other amount required by any provision of law, including Section 9-615(a) of the UCC, need the Notes Agent account for the surplus,
if any, to any Grantor. If the Notes Agent sells any of the Collateral upon credit, the Grantor will be credited only with payments actually made by the purchaser and received by the Notes Agent and applied to debt of the purchaser. In the event the
purchaser fails to pay for the Collateral, the Notes Agent may resell the Collateral and the Grantor shall be credited with proceeds of the sale. To the extent permitted by applicable law, each Grantor waives all claims, damages and demands it may
acquire against any Secured Party arising out of the exercise by them of any rights hereunder. 

(c)    In view of the position of the Grantors in relation to the Collateral, or because of other current
or future circumstances, a question may arise under the U.S. Securities Act of 1933, as now or hereafter in effect, or any similar statute hereafter enacted analogous in purpose or effect (the U.S. Securities Act of 1933 and any such similar statute
as from time to time in effect being called the “Securities Laws”) with respect to any disposition of the Collateral permitted hereunder. Each Grantor understands that compliance with the Securities Laws might very strictly limit the
course of conduct of the Notes Agent if the Notes Agent were to attempt to dispose of all or any part of the Collateral, and might also limit the extent to which or the manner in which any subsequent transferee of any Collateral could dispose of the
same. Similarly, there may be other 

 
legal restrictions or limitations affecting the Notes Agent in any attempt to dispose of all or part of the Collateral under applicable “blue sky” or other state securities laws or
similar laws analogous in purpose or effect. Each Grantor recognizes that in light of such restrictions and limitations the Notes Agent may, with respect to any sale of the Collateral, limit the purchasers to those who will agree, among other
things, to acquire such Collateral for their own account, for investment, and not with a view to the distribution or resale thereof. Each Grantor acknowledges and agrees that in light of such restrictions and limitations, the Notes Agent, in its
sole and absolute discretion (a) may proceed to make such a sale whether or not a registration statement for the purpose of registering such Collateral or part thereof shall have been filed under the Securities Laws, and (b) may approach
and negotiate with a limited number of potential purchasers (including a single potential purchaser) to effect such sale. Each Grantor acknowledges and agrees that any such sale might result in prices and other terms less favorable to the seller
than if such sale were a public sale without such restrictions. In the event of any such sale, the Notes Agent shall incur no responsibility or liability for selling all or any part of the Collateral at a price that the Notes Agent, in its sole and
absolute discretion, may in good faith deem reasonable under the circumstances, notwithstanding the possibility that a substantially higher price might have been realized if the sale were deferred until after registration as aforesaid or if more
than a limited number of purchasers (or a single purchaser) were approached. The provisions of this Section 6.5 will apply notwithstanding the existence of a public or private market upon which the quotations or sales
prices may exceed substantially the price at which the Notes Agent sells. 
 6.6.    Remedies for Intellectual
Property. 
 Subject to the Intercreditor Agreement, upon the occurrence and during the continuance of an Event of Default, it is agreed
that the Notes Agent shall have the right to take any of or all of the following actions at the same or different times with respect to any Collateral consisting of Intellectual Property, on demand, to cause the security interest granted hereunder
to become an assignment, transfer and conveyance of any of or all such Collateral by the applicable Grantor to the Notes Agent, for the benefit of the Secured Parties, or to license or sublicense, whether general, special or otherwise, and whether
on an exclusive or nonexclusive basis, any such Collateral throughout the world on such terms and conditions and in such manner as the Notes Agent shall determine (other than in violation of any then-existing licensing arrangements to the extent
that waivers cannot be obtained). 
 For the purpose of enabling the Notes Agent to exercise rights and remedies under this Agreement at
such time as the Notes Agent shall be lawfully entitled to exercise such rights and remedies, each Grantor hereby grants to the Notes Agent an irrevocable (until the Discharge of Obligations or the release of a Lien as set forth in
Section 9.15), nonexclusive license (exercisable without payment of royalty or other compensation to the Grantors), to use, license or sublicense any of the Collateral consisting of Intellectual Property now owned or
hereafter acquired by such Grantor, and wherever the same may be located, and including in such license access to all media in which any of the licensed items may be recorded or stored and to all computer software and programs used for the
compilation or printout thereof; provided that such (i) license shall automatically terminate upon the Discharge of Obligations or the release of a Lien as set forth in Section 9.15, and (ii) such license
shall be subject to the rights of any licensee under any exclusive license permitted under this Agreement granted prior to such Event of Default. The use of such license by the Notes Agent may be exercised, at the option of the Notes Agent, only
upon the occurrence and during the continuation of an Event of Default; provided, however, that any license, sublicense or other transaction entered into by the Notes Agent in accordance herewith shall be binding upon each Grantor
notwithstanding any subsequent cure of an Event of Default. 

 6.7.    Waiver; Deficiency. Each Grantor shall remain liable for
any deficiency if the proceeds of any sale or other disposition of the Collateral are insufficient to pay its Obligations and the fees and disbursements of any attorneys employed by any Secured Party to collect such deficiency. 

SECTION 7.    THE NOTES AGENT 

7.1.    Notes Agent’s Appointment as
Attorney-in-Fact, etc. 

(a)    Each Grantor hereby irrevocably (until the Discharge of Obligations) constitutes and appoints the
Notes Agent and any officer or agent thereof, with full power of substitution, as its true and lawful proxy and attorney-in-fact with full irrevocable (until the
Discharge of Obligations) power and authority in the place and stead of such Grantor and in the name of such Grantor 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 which may be necessary or desirable to accomplish the purposes of this Agreement, and, without limiting the generality of the foregoing, each Grantor hereby gives the Notes Agent the power and right, on
behalf of such Grantor, to do any or all of the following: 
 (i)    in the name of such Grantor or its
own name, or otherwise, take possession of and endorse and collect any checks, drafts, notes, acceptances or other instruments for the payment of moneys due under any Receivable constituting Collateral or with respect to any other Collateral and
file any claim or take any other action or proceeding in any court of law or equity or otherwise deemed appropriate by the Notes Agent for the purpose of collecting any and all such moneys due under any Receivable or with respect to any other
Collateral whenever payable; 
 (ii)    in the case of any Intellectual Property, execute and deliver,
and record or have recorded, any and all agreements, instruments, documents and papers as the Notes Agent may reasonably request to evidence the Secured Parties’ security interest in such Intellectual Property and the goodwill and general
intangibles of such Grantor relating thereto or represented thereby; 
 (iii)    pay or discharge taxes,
assessments, charges, fees, Liens, security interests or other encumbrances levied or placed on or threatened against the Collateral, 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; provided, however, that nothing in this paragraph shall be interpreted as excusing any Grantor from the performance of, or imposing any obligation on the Notes Agent or any Secured Party to cure
or perform, any covenants or other promises of any Grantor with respect to Taxes, assessments, charges, fees, Liens, security interests or other encumbrances and maintenance as set forth herein or in the other Transaction Documents; 

(iv)    execute, in connection with the exercise of any right or remedy provided for in
Section 6 hereof, any endorsements, assignments or other instruments of conveyance or transfer with respect to the Collateral; and 

(v)    (1) direct any party liable for any payment under any of the Collateral to make payment of any and
all moneys due or to become due thereunder directly to the Notes Agent or as the Notes Agent shall direct; (2) ask or demand for, collect, and 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 Collateral and to give discharges and 

 
releases of all or any of the Collateral; (3) sign and endorse 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 Collateral; (4) send verifications of Receivables to any Account Debtor; (5) commence and prosecute any suits, actions or proceedings at law or in equity in any court
of competent jurisdiction to collect the Collateral or any portion thereof and to enforce any other right in respect of any Collateral; (6) defend any suit, action or proceeding brought against such Grantor with respect to any Collateral;
(7) settle, compromise or adjust any such suit, action or proceeding and, in connection therewith, give such discharges or releases as the Notes Agent may deem appropriate; (8) assign any Copyright, Patent or Trademark (along with the
goodwill of the business to which any such Trademark pertains and subject to the covenant set forth in Section 5.4(b) hereof) included in the Collateral, throughout the world for such term or terms, on such conditions, and
in such manner, as the Notes Agent shall in its sole discretion determine; and (9) generally, sell, transfer, pledge and make any agreement with respect to, or consent to any use of cash collateral arising in respect of, or otherwise deal with
any of the Collateral as fully and completely as though the Notes Agent were the absolute owner thereof for all purposes, and do, at the Notes Agent’s option and such Grantor’s expense, at any time, or from time to time, all acts and
things which the Notes Agent reasonably deems necessary to protect, preserve or realize upon the Collateral and the Secured Parties’ security interests therein and to effect the intent of this Agreement, all as fully and effectively as such
Grantor might do. 
 Anything in this Section 7.1(a) to the contrary notwithstanding, the Notes Agent agrees that, except as
expressly provided in Section 7.1(b), it will not exercise any rights under the power of attorney provided for in this Section 7.1(a) unless an Event of Default shall have occurred and be
continuing and the Notes Agent shall have given the Company notice of its intent to exercise remedies under this Agreement (it being understood and agreed that the failure of the Notes Agent to provide notice pursuant to this paragraph shall not
alter the Notes Agent’s ability to foreclose upon, or any other rights it may have with respect to, any Collateral). 

(b)    If any Grantor fails to perform or comply with any of its agreements contained herein, the Notes
Agent, at its option, but without any obligation so to do, may perform or comply, or otherwise cause performance or compliance, with such agreement; provided, however, that unless an Event of Default has occurred and is continuing, the
Notes Agent shall not exercise this power without first making demand on the Grantor and the Grantor failing to comply therewith within any applicable period of grace. 

(c)    The expenses of the Notes Agent incurred in connection with actions undertaken as provided in this
Section 7.1 shall be payable by such Grantor to the Notes Agent in accordance with Article X of the Note Purchase Agreement. 

(d)    Each Secured Party, by its authorization of the Notes Agent’s entering into this Agreement,
consents to the exercise by the Notes Agent of any power, right or remedy provided for herein. All powers, authorizations and agencies contained in this Agreement, including Section 7.1(a), are coupled with an interest, are
irrevocable until the termination of this Agreement and the release of the security interests created hereby. 

7.2.    Duty of Notes Agent. Neither the Notes Agent nor any other Secured Party nor any of their respective
officers, directors, partners, employees, agents, attorneys and other advisors, attorneys-in-fact or affiliates 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 any Grantor or any other Person or to take any other action whatsoever with regard to the Collateral or any part thereof. The powers conferred on the Secured Parties hereunder are solely to
protect the Secured Parties’ interests in the Collateral and shall not impose any duty upon any Secured Party to exercise any such powers, other than a duty of reasonable care in the custody and preservation of the Collateral in its possession.
The Notes Agent shall be deemed to have exercised reasonable care in the custody and preservation of the Collateral in its possession if such Collateral is accorded treatment substantially equal to that which the Notes Agent accords its own
property. The 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, partners, employees, agents, attorneys and other
advisors, attorneys-in-fact or affiliates shall be responsible to any Grantor for any act or failure to act hereunder, except to the extent that any such act or failure
to act is found by a final and nonappealable decision of a court of competent jurisdiction to have resulted directly from their own gross negligence, bad faith or willful misconduct or a material breach of their obligations under the Transaction
Documents. 
 7.3.    Execution of Financing Statements, Intellectual Property Filings. 

(a)    Each Grantor hereby authorizes the Notes Agent to file or record financing or continuation
statements, and amendments thereto, and other filing or recording documents or instruments with respect to the Collateral in such form and in such offices as the Notes Agent reasonably determines appropriate to perfect or maintain the perfection of
the security interests of the Notes Agent under this Agreement, provided however, that the Notes Agent shall have no obligation to make such filings or recordings absent express direction from the Requisite Holders. Each Grantor agrees that such
financing statements may describe the Collateral in the same manner as described in the Notes Collateral Documents or as “all assets” or “all personal property” of the undersigned, whether now owned or hereafter existing or
acquired by the undersigned or such other description as the Notes Agent reasonably determines is necessary or advisable. 

(b)    The Notes Agent is authorized to file with the USPTO or the USCO (or any successor office) such
documents as may be necessary or advisable for the purpose of perfecting, confirming, continuing, enforcing or protecting the security interest in each item of Intellectual Property included in the Collateral that is owned by each Grantor that is
subject to registration or an application to register in the USPTO or the USCO and each item of Intellectual Property included in the Collateral consisting of exclusive Copyright Licenses, in all cases naming any Grantor or the Grantors as debtors
and the Notes Agent as secured party and shall provide written notice to the Grantor prior to filing any such documents, provided however, that the Notes Agent shall have no obligation to make such filings or recordings absent express direction from
the Requisite Holders. 
 7.4.    Authority of Notes Agent. Each Grantor acknowledges that the rights and
responsibilities of the Notes Agent under this Agreement with respect to any action taken (or not taken) by the Notes Agent or the exercise or non-exercise by the Notes Agent of any option, voting right,
request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between the Notes Agent and the other Secured Parties, be governed by the Note Purchase Agreement and by such other agreements
with respect thereto as may exist from time to time among them, but, as between the Notes Agent and the Grantors, the Notes 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 Grantor shall be under any obligation, or entitlement, to make any inquiry respecting such authority. Without limiting the foregoing, in entering into this Agreement, or in taking (or forbearing from) any action under or
pursuant to this Agreement, the Notes Agent shall have and be protected by all of the rights, immunities, indemnities and other protections granted to it under Article X of the Note Purchase Agreement. As among the Notes Agent and the Secured
Parties, it is understood that any determination, request, direction, consent or 

 
election, deeming any action or document reasonable, appropriate or satisfactory, exercising discretion, or exercising any right or duty under this Agreement to be made by the Notes Agent shall
be pursuant to direction from the “Requisite Holders” or such other higher percentage of Holders under the Transaction Documents as shall be required to consent pursuant to the terms thereof. 

7.5.    No Individual Foreclosure, Etc. No Secured Party shall have any right individually to realize upon any of
the Collateral or to enforce any guarantee of the Obligations except to the extent expressly contemplated by this Agreement or the other Transaction Documents, it being understood and agreed that all powers, rights and remedies under the Transaction
Documents may be exercised solely by the Notes Agent on behalf of the Secured Parties in accordance with the terms thereof. Each Secured Party, whether or not a party hereto, will be deemed, by its acceptance of the benefits of the Collateral and of
the guarantees of the Obligations provided hereunder and under any other Transaction Documents, to have agreed to the foregoing provisions and the other provisions of this Agreement. Without limiting the generality of the foregoing, each Secured
Party authorizes the Notes Agent to credit bid all or any part of the Obligations held by it. 

7.6.    Reserved. 

SECTION 8.    INDEMNITY, SUBROGATION AND SUBORDINATION 

8.1.    Indemnity and Subrogation. In addition to all such rights of indemnity and subrogation as the Guarantors
may have under applicable law (but subject to Section 8.3), the Company agrees that (a) in the event a payment shall be made by any Guarantor under this Agreement, the Company shall indemnify such Guarantor for the
full amount of such payment and such Guarantor shall be subrogated to the rights of the Person to whom such payment shall have been made to the extent of such payment, and (b) in the event any assets of any Guarantor shall be sold pursuant to
this Agreement or any other Transaction Document to satisfy in whole or in part a claim of any Secured Party, the Company shall indemnify such Guarantor in an amount equal to the greater of the book value or the fair market value of the assets so
sold. 
 8.2.    Contribution and Subrogation. Each Guarantor (a “Contributing Guarantor”) agrees
(subject to Section 8.3) that, in the event a payment shall be made by any other Guarantor hereunder in respect of any Obligation, or assets of any other Guarantor shall be sold pursuant to any Transaction Document to
satisfy any Obligation owed to any Secured Party, and such other Guarantor (the “Claiming Guarantor”) shall not have been fully indemnified by the Company as provided in Section 8.1, the Contributing Guarantor
shall indemnify the Claiming Guarantor in an amount equal to (i) the amount of such payment, or (ii) the greater of the book value or the fair market value of such assets, as the case may be (the “Indemnified Amount”), in each
case multiplied by a fraction of which the numerator shall be the net worth of the Contributing Guarantor as of the date of the payment of such Obligation and the denominator shall be the aggregate net worth of all the Guarantors as of the date of
the payment of such Obligation (or, in the case of any Guarantor becoming a party hereto pursuant to Section 9.14 hereof, the date of the supplement hereto executed and delivered by such Guarantor). Any Contributing
Guarantor making any payment to a Claiming Guarantor pursuant to this Section 8.2 shall be subrogated to the rights of such Claiming Guarantor under Section 8.1 to the extent of such payment. 

8.3.    Subordination. 

(a)    Notwithstanding any provision of this Agreement to the contrary, all rights of the Guarantors under
Sections 8.1 and 8.2 and all other rights of indemnity, contribution or subrogation under applicable law or otherwise shall be fully subordinated to the indefeasible payment in full in cash of the Obligations. No failure on the part of
the Company or any Guarantor to make the payments required by Sections 8.1 and 8.2 (or any other payments required under applicable law or otherwise) shall in any respect limit the obligations and liabilities of any Guarantor with
respect to its obligations hereunder, and each Guarantor shall remain liable for the full amount of its obligations hereunder. 

 (b)    The Company and each Guarantor hereby agree that
all Indebtedness and other monetary obligations owed by it to the Company or any other Subsidiary of the Company shall be fully subordinated to the Discharge of Obligations. 

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 in accordance with Section 11.3 of the Note Purchase Agreement or pursuant to an Assumption Agreement; provided that the Perfection Certificate referenced herein may be amended or supplemented by
any Grantor at any time by delivering such amended or supplemented schedule to the Notes Agent. 

9.2.    Notices. All notices, requests and demands to or upon the Notes Agent or any Grantor hereunder shall be
effected in the manner provided for in Section 11.6 of the Note Purchase Agreement. All communications and notices hereunder to any Guarantor shall be given to it in care of the Company as provided in Section 11.6 of the Note Purchase
Agreement. 
 9.3.    No Waiver by Course of Conduct; Cumulative Remedies. No Secured Party shall by any act
(except by a written instrument pursuant to Section 9.1), delay, indulgence, omission or otherwise be deemed to have waived any right or remedy hereunder or to have acquiesced in any Event of Default. No failure to
exercise, nor any delay in exercising, on the part of any 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 any 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 such 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. Each Grantor agrees that the provisions of Section 8.1 of the
Notes Purchase Agreement are incorporated herein by reference, mutatis mutandis. 
 9.5.    Successors and
Assigns. This Agreement (including the Guaranty) shall (a) remain in full force and effect until the Discharge of Obligations has occurred, (b) be binding upon each Grantor, its successors and assigns and (c) inure to the benefit
of and be enforceable by the Holders and the Notes Agent and their respective successors, transferees and assigns. Without limiting the generality of clause (c) of the immediately preceding sentence, and subject to Section 11.4(b) of the
Note Purchase Agreement, any Holder may assign or otherwise transfer all or any portion of its rights and obligations under this Agreement (including, without limitation, the Guaranty, or all or any portion of any Note or Notes held by it) to any
other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Holder herein or otherwise, in each case as and to the extent provided in Section 11.4(a) of the Note Purchase Agreement.
No Grantor shall have the right to assign, transfer or delegate its rights hereunder or any interest herein without the prior written consent of the Requisite Holders (which consent may be granted or withheld in the Requisite Holders’ sole and
absolute discretion) and any purported assignment, transfer or delegation without such consent shall be void ab initio. 

 9.6.    Reserved. 

9.7.    Counterparts. This Agreement may be executed in counterparts (and by different parties hereto on different
counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement shall become effective when it shall have been executed by the Notes Agent and when the Notes Agent
shall have received counterparts hereof which, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective successors and
assigns. Delivery of an executed counterpart of a signature page of this Agreement by facsimile or other electronic transmission (e.g., “PDF” or “TIFF”) shall be effective as delivery of a manually executed counterpart of this
Agreement. 
 9.8.    Severability. Any provision of this Agreement held to be invalid, illegal or unenforceable
in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of
a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. 

9.9.    Section Headings. Section headings and the Table of Contents used herein are for convenience of reference
only, are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement. 

9.10.    Integration. 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. This Agreement and the other Transaction Documents and any separate letter agreements with respect to fees payable to the Notes Agent represent the entire agreement
of the Grantors, the Notes Agent and the other Secured Parties with respect to the subject matter hereof and thereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. 

9.11.    GOVERNING LAW. This Agreement and any claim, controversy, dispute or cause of action (whether in contract
or tort or otherwise) based upon, arising out of or relating to this Agreement and the transactions contemplated hereby shall be construed in accordance with and governed by the law of the State of New York. 

9.12.    Submission to Jurisdiction; Waivers. 

(a)    Each of the parties hereto hereby irrevocably and unconditionally submits, for itself and its
property, to the exclusive jurisdiction of the State and Federal Courts of the State of New York, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Agreement or for recognition or enforcement of
any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding shall be heard and determined in such New York State or, to the extent permitted by law, in such
Federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Notwithstanding
the foregoing, any Secured Party may bring an action or proceeding in a jurisdiction where Collateral is located. 

(b)    Each of the parties hereto hereby irrevocably and unconditionally waives, to the fullest extent it
may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement in any court referred to in paragraph (a) of this
Section 9.12. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

 (c)    Each party to this Agreement irrevocably consents
to service of process in the manner provided for notices in Section 9.2. Nothing in this Agreement or any other Transaction Document will affect the right of any party to this Agreement to serve process in any other manner
permitted by law. 
 9.13.    Additional Grantors. Each Guarantor that (i) is required to become a party to
this Agreement pursuant to Section 5.1(j) of the Note Purchase Agreement or (ii) otherwise becomes a party to this Agreement shall become a Grantor and a Guarantor for all purposes of this Agreement upon execution and delivery by such
Subsidiary of an Assumption Agreement. Upon execution and delivery by the Notes Agent and such Guarantor of an Assumption Agreement, such Guarantor shall become a Guarantor and a Grantor hereunder with the same force and effect as if originally
named as a Guarantor and a Grantor herein. The execution and delivery of any such instrument shall not require the consent of any other Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect
notwithstanding the addition of any new Grantor as a party to this Agreement. 
 9.14.    Releases. 

(a)    Subject to Section 2.4, (i) this Agreement shall continue in effect until
the Discharge of Obligations and (ii) in the circumstances described in Section 5.1 of the Intercreditor Agreement, subject to the instructions of the Holders, (1) the applicable Liens granted hereby (including any irrevocable
licenses granted to the Notes Agent granted hereunder) shall automatically terminate and be released and (2) each applicable Guarantor shall automatically be released from its Guaranteed Obligations hereunder. In connection with any such
termination or release, the Notes Agent shall promptly (and, without limiting the Notes Agent’s right to seek direction, each Secured Party, by its authorization of the Notes Agent’s entering into this Agreement, hereby authorizes the
Notes Agent to) take such actions and execute any such documents as may be reasonably requested by any Grantor or Guarantor and at such Grantor’s or Guarantor’s expense, as applicable, to further document and evidence any such termination
and release of Liens or Guaranteed Obligations, as the case may be. 
 (b)    All releases or other
documents delivered by the Notes Agent pursuant to this Section 9.14 shall be without recourse to, or warranty by, the Notes Agent. 

9.15.    No Fiduciary Duty. Each Grantor agrees that the provisions of Article XI of the Note Purchase Agreement
are incorporated herein by reference, mutatis mutandis. 
 9.16.    WAIVER OF JURY TRIAL. EACH PARTY HERETO
HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER TRANSACTION DOCUMENT OR THE
TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY
WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS
IN THIS SECTION. 
 9.17.    Intercreditor Agreement Governs. Notwithstanding anything herein to the contrary,
the Liens and security interests granted to the Notes Agent, for the benefit of the Secured Parties pursuant to this Agreement, and the exercise of any right or remedy by the Notes Agent and the other Secured Parties

 
hereunder, in each case, with respect to the Collateral and Liens securing any Notes Obligations are subject to the provisions of the Intercreditor Agreement. In the event of any conflict or
inconsistency between the provisions of the Intercreditor Agreement and this Agreement with respect to the Collateral and Liens securing any Notes Obligations, as applicable, including with respect to (i) any obligation to deliver Pledged
Securities or provide control with respect to any Collateral, and (ii) any representation, warranty or covenant herein relating to the priority of any security interest in the Collateral, the provisions of the Intercreditor Agreement shall
prevail. As used in this Section 9.17, “Notes Obligations” shall have the meaning given to such term in the Intercreditor Agreement. 

(signature pages follow) 

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

			
	GRANTORS:
	
	U.S. WELL SERVICES, INC.
		
	By:	 	/s/ Kyle O’Neill
	Name:	 	Kyle O’Neill
	Title:	 	Chief Financial Officer
	
	USWS HOLDINGS, LLC
		
	By:	 	/s/ Kyle O’Neill
	Name:	 	Kyle O’Neill
	Title:	 	Chief Financial Officer
	
	U.S. WELL SERVICES, LLC
		
	By:	 	/s/ Kyle O’Neill
	Name:	 	Kyle O’Neill
	Title:	 	Chief Financial Officer

 
			
	GRANTORS (CONT.):
	
	USWS FLEET 10, LLC
		
	By:	 	/s/ Kyle O’Neill
	Name:	 	Kyle O’Neill
	Title:	 	Chief Financial Officer
	
	USWS FLEET 11, LLC
		
	By:	 	/s/ Kyle O’Neill
	Name:	 	Kyle O’Neill
	Title:	 	Chief Financial Officer

 
			
	WILMINGTON SAVINGS FUND SOCIETY, FSB,
	as Notes Agent
		
	By:	 	/s/ Geoffrey J. Lewis
	Name:	 	Geoffrey J. Lewis
	Title:	 	Vice PresidentEX-10.7

 Exhibit 10.7 

Execution Version 
  

 
 AMENDED AND RESTATED INTERCREDITOR
AGREEMENT 
 by and among 

BANK OF AMERICA, N.A., 
 as
ABL Agent, 
 CLMG CORP., 

as Term Loan Agent, 
 WILMINGTON
SAVINGS FUND SOCIETY, FSB 
 as Notes Agent 

and 
 U.S. WELL SERVICES, LLC,

 for purposes of Sections 5.5(g), 5.5(h) and 9.3(c) 

Dated as of June 24, 2021 

Relating to: 
 U.S. WELL
SERVICES, INC., 
 USWS HOLDINGS LLC, 

U.S. WELL SERVICES, LLC 

and 
 CERTAIN OF THEIR
AFFILIATES 
  
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Pages	 
	SECTION 1     DEFINITIONS; RULES OF CONSTRUCTIONS	  	 	2	
			
	 1.1
	 	 Defined Terms
	  	 	2	
	 1.2
	 	 Rules of Construction
	  	 	14	
	 1.3
	 	 UCC Definitions
	  	 	15	 
		
	SECTION 2     PRIORITY OF LIENS	  	 	15	
			
	 2.1
	 	 Subordination of Liens
	  	 	15	
	 2.2
	 	 Prohibition on Contesting Liens
	  	 	16	
	 2.3
	 	 No New Liens
	  	 	17	
	 2.4
	 	 Perfection of Liens
	  	 	19	 
	 2.5
	 	 Waiver of Marshaling
	  	 	19	 
		
	SECTION 3     ENFORCEMENT	  	 	20	 
			
	 3.1
	 	 Exercise of Remedies
	  	 	20	 
	 3.2
	 	 Actions Upon Breach
	  	 	26	 
		
	SECTION 4     PAYMENTS.	  	 	27	 
			
	 4.1
	 	 Revolving Nature of ABL Obligations
	  	 	27	 
	 4.2
	 	 Application of Proceeds of ABL Priority Collateral
	  	 	28	 
	 4.3
	 	 Application of Proceeds of Term Loan Priority Collateral
	  	 	28	 
	 4.4
	 	 Payments Over
	  	 	29	 
		
	SECTION 5     OTHER AGREEMENTS	  	 	32	 
			
	 5.1
	 	 Releases
	  	 	32	 
	 5.2
	 	 Insurance.
	  	 	36	 
	 5.3
	 	 Amendments to ABL Loan Documents, Term Loan Documents and Notes Documents
	  	 	38	 
	 5.4
	 	 Rights as Unsecured Creditors
	  	 	42	 
	 5.5
	 	 First Priority Agent as Gratuitous Bailee for Perfection
	  	 	43	 
	 5.6
	 	 Access to Premises and Cooperation
	  	 	46	 
	 5.7
	 	 Required Provisions
	  	 	50	 
		
	SECTION 6     INSOLVENCY PROCEEDINGS	  	 	50	 
			
	 6.1
	 	 DIP Financing
	  	 	50	 
	 6.2
	 	 Relief from the Automatic Stay
	  	 	54	 
	 6.3
	 	 Adequate Protection
	  	 	55	 
	 6.4
	 	 Post-Petition Interest
	  	 	58	 
	 6.5
	 	 Avoidance Issues
	  	 	60	 
	 6.6
	 	 Application
	  	 	61	 
	 6.7
	 	 Waivers
	  	 	61	 
	 6.8
	 	 Separate Grants of Liens
	  	 	61	 
	 6.9
	 	 Asset Sales
	  	 	62	 
	 6.10
	 	 Plan of Reorganization
	  	 	63	 

  
 -i- 

							
	 SECTION 7     PURCHASE OPTIONS
	  	 	65	 
			
	 7.1
	 	 Notice of Exercise
	  	 	65	 
	 7.2
	 	 Purchase and Sale
	  	 	66	 
	 7.3
	 	 Payment of Purchase Price
	  	 	66	 
	 7.4
	 	 Limitation on Representations and Warranties
	  	 	68	 
		
	 SECTION 8     RELIANCE; WAIVERS; ETC.
	  	 	68	 
			
	 8.1
	 	 Reliance
	  	 	68	 
	 8.2
	 	 No Warranties or Liability
	  	 	68	 
	 8.3
	 	 ABL Obligations Unconditional
	  	 	70	 
	 8.4
	 	 Term Loan Obligations Unconditional
	  	 	70	 
	 8.5
	 	 Notes Obligations Unconditional
	  	 	71	 
		
	 SECTION 9     MISCELLANEOUS
	  	 	71	 
			
	 9.1
	 	 Conflicts
	  	 	71	 
	 9.2
	 	 Term of this Agreement; Severability
	  	 	71	 
	 9.3
	 	 Amendments; Waivers
	  	 	72	 
	 9.4
	 	 Information Concerning Financial Condition of the Borrower and the Subsidiaries
	  	 	74	 
	 9.5
	 	 Subrogation
	  	 	75	 
	 9.6
	 	 Application of Payments
	  	 	76	 
	 9.7
	 	 Consent to Jurisdiction; Waivers
	  	 	77	 
	 9.8
	 	 Notices
	  	 	77	 
	 9.9
	 	 Further Assurances
	  	 	78	 
	 9.10
	 	 Governing Law
	  	 	78	 
	 9.11
	 	 Specific Performance
	  	 	78	 
	 9.12
	 	 Section Titles
	  	 	78	 
	 9.13
	 	 Counterparts
	  	 	78	 
	 9.14
	 	 Authorization
	  	 	78	 
	 9.15
	 	 No Third Party Beneficiaries; Successors and Assigns
	  	 	79	 
	 9.16
	 	 Effectiveness
	  	 	79	 
	 9.17
	 	 ABL Agent, Term Loan Agent
	  	 	79	 
	 9.18
	 	 Limitation on Term Loan Agent’s, ABL Agent’s and Notes Agent’s
Responsibilities
	  	 	80	 
	 9.19
	 	 Relationship with Other Intercreditor Agreements
	  	 	80	 
	 9.20
	 	 Relative Rights
	  	 	80	 
	 9.21
	 	 Additional Grantors
	  	 	81	 
	 9.22
	 	 Amendment and Restatement
	  	 	81	 

 EXHIBITS: 
  

			
	Exhibit A	 	Form of Intercreditor Agreement Joinder

  
 -ii- 

 AMENDED AND RESTATED INTERCREDITOR AGREEMENT 

This AMENDED AND RESTATED INTERCREDITOR AGREEMENT (as amended, restated, supplemented or otherwise modified from time to time pursuant to the
terms hereof, this “Agreement”) is entered into as of June 24, 2021, by and among 
  

	 	(i)	 BANK OF AMERICA, N.A., in its capacity as agent under the ABL Loan Documents (together with its
successors and assigns in such capacity, the “ABL Agent”), 

  

	 	(ii)	 CLMG CORP. (“CLMG”), as agent under the Term Loan Documents (together with its
successors and assigns in such capacity, the “Term Loan Agent”), 

  

	 	(iii)	 WILMINGTON SAVINGS FUND SOCIETY, FSB, as collateral agent under the Notes Documents (together
with its successors and assigns in such capacity, the “Notes Agent”), and 

  

	 	(iv)	 for purposes of Sections 5.5(f), 5.5(g) and 9.3(c), U.S. WELL SERVICES, LLC, a, Delaware limited liability
company, (the “Borrower”). 

 RECITALS 

A.    Pursuant to that certain ABL Credit Agreement dated as of May 7, 2019 (as amended, restated, supplemented,
modified, renewed or Refinanced in accordance with the terms of this Agreement, the “ABL Credit Agreement”) among U.S. WELL SERVICES, INC. a Delaware corporation (the “Parent”), USWS HOLDINGS LLC, a Delaware limited
liability company (“Holdings”), the Borrower, the financial institutions, lenders and investors party from time to time to the ABL Credit Agreement (as defined below) (including any letter of credit issuers under the ABL Credit
Agreement) (such financial institutions, lenders and investors, together with their respective successors and assigns, the “ABL Lenders”), the ABL Agent, and the other parties thereto, the ABL Lenders have agreed to make certain
loans and other extensions of credit to or for the account of the Borrower. 
 B.    As a condition to the effectiveness
of the ABL Credit Agreement and to secure the obligations of the Borrower and the ABL Guarantors under and in connection with the ABL Loan Documents, the Borrower and the ABL Guarantors have granted to the ABL Agent (for the benefit of the ABL
Secured Parties) Liens on the ABL Collateral. 
 C.    Pursuant to that certain Term Loan Credit Agreement dated as of
May 7, 2019 (as amended, restated, supplemented, modified, renewed or Refinanced in accordance with the terms of this Agreement, the “Term Loan Credit Agreement”) among the Parent, Holdings, the Borrower, the financial
institutions, lenders and investors party from time to time to the Term Loan Credit Agreement, (as defined below) (such financial institutions, lenders and investors, together with their respective successors and assigns, the “Term Loan
Lenders”) and the Term Loan Agent, the Term Loan Lenders have agreed to make certain loans to the Borrower. 

D.    As a condition to the effectiveness of the Term Loan Credit Agreement and to secure the obligations of the Borrower
and the Term Loan Guarantors under and in connection with the Term Loan Documents, the Borrower and the Term Loan Guarantors have granted to the Term Loan Agent (for the benefit of the Term Loan Secured Parties) Liens on the Term Loan Collateral.

  
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 E.    Pursuant to that certain Note Purchase Agreement dated of even
date herewith (as amended, restated, supplemented, modified, renewed or Refinanced in accordance with the terms of this Agreement, the “Note Purchase Agreement”) among the Parent, purchasers party thereto, as purchasers (the
“Notes Secured Parties”) and the Notes Agent, the Parent has agreed to issue and the Notes Secured Parties agreed to purchase certain 16% Convertible Senior Secured (Third Lien) PIK Notes due 2026. 

F.    As a condition to the effectiveness of the Note Purchase Agreement and to secure the obligations of the Parent and
the other Note Parties under and in connection with the Notes Documents, the Parent and the other Note Parties have granted to the Notes Agent (for the benefit of itself and the Purchasers) Liens on the Notes Collateral 

G.    Each of the ABL Agent (on behalf of the ABL Secured Parties), the Term Loan Agent (on behalf of the Term Loan
Secured Parties), and the Notes Agent (on behalf of the Notes Secured Parties) and, by their acknowledgment hereof, the ABL Loan Parties, the Term Loan Parties and the Note Parties desire to agree to the relative priority of Liens on the Collateral
and certain other rights, priorities and interests as provided herein. 
 H.    The ABL Agent (on behalf of the ABL
Secured Parties), the Term Loan Agent (on behalf of the Term Loan Secured Parties), and Borrower desire to amend and restate in its entirety that certain Intercreditor Agreement dated May 7, 2019 (as amended prior to the date hereof, the
“Original Intercreditor Agreement”), to which they are parties on the terms and conditions set forth in this Agreement. 

AGREEMENT 
 Accordingly,
in consideration of the foregoing, the mutual covenants and obligations herein set forth and for other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties hereto, intending to be legally bound,
hereby agree as follows: 
 SECTION 1    DEFINITIONS; RULES OF CONSTRUCTIONS. 

1.1    Defined Terms. As used in this Agreement, the following terms have the meanings specified below: 

“ABL Agent” shall have the meaning assigned to that term in the preamble to this Agreement. 

“ABL Cash Collateral” shall have the meaning set forth in Section 6.1. 

“ABL Cash Management Bank” shall mean any “Cash Management Bank” as defined in the ABL Credit Agreement. 

  
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 “ABL Collateral” shall mean all of the assets of any Grantor, whether real,
personal or mixed, upon which a Lien is granted or purported to be granted to the ABL Agent under any of the ABL Collateral Documents; provided, that the ABL Collateral shall at no time include the Excluded ABL Collateral. 

“ABL Collateral Documents” shall mean the “Collateral Documents” (as defined in the ABL Credit Agreement). 

“ABL Credit Agreement” shall have the meaning set forth in the recitals to this Agreement. 

“ABL Declined Lien” shall have the meaning set forth in Section 2.3 hereof. 

“ABL DIP Financing” shall have the meaning set forth in Section 6.1. 

“ABL Guarantors” shall mean the “Guarantors” as defined in the ABL Guarantee and 

Collateral Agreement. 
 “ABL Hedge
Bank” shall mean “Hedge Bank” (as defined in the ABL Credit Agreement) party to a Specified ABL Hedging Agreement. 

“ABL Lender Cash Management Obligations” shall mean “all ABL Obligations in respect, of any Secured Cash Management
Agreement” as defined in the ABL Credit Agreement. 
 “ABL Lender Hedging Obligations” shall mean all ABL Obligations
in respect of any “Secured Cash Management Agreement” as defined in the ABL Credit Agreement. 
 “ABL Lenders”
shall have the meaning assigned to that term in the recitals to this Agreement. 
 “ABL Loan Documents” shall mean the ABL
Credit Agreement and the “Loan Documents” as defined in the ABL Credit Agreement. 
 “ABL Loan Parties” shall
mean the “Loan Parties” as defined in the ABL Credit Agreement. 
 “ABL Loans” shall mean “Loans” as
defined in the ABL Credit Agreement. 
 “ABL Obligations” shall mean any and all Obligations of every nature of each ABL
Loan Party from time to time owed to the ABL Secured Parties, or any of them, under, in connection with, or evidenced or secured by any ABL Loan Document, including, without limitation, all the “Obligations,” or similar term as defined in
the ABL Credit Agreement as in effect on the date hereof. 
 “ABL Priority Collateral” shall mean all Common Collateral
consisting of the following: 
 (1)    all Accounts, other than Accounts which constitute identifiable proceeds of Term
Loan Priority Collateral (including proceeds from the sale, license, assignment or other disposition of Inventory to a third party not in connection with the provision of services); 

  
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 (2)    all Chattel Paper (including Tangible Chattel Paper and
Electronic Chattel Paper) to the extent evidencing, governing, securing or otherwise related to Accounts described in sub-clause (1); 

(3)    all collection accounts, Deposit Accounts (other than Deposit Accounts that constitute Term Loan Priority
Collateral), lock-boxes, securities accounts (other than securities accounts that constitute Term Loan Priority Collateral) and commodity accounts (other than securities accounts that constitute Term Loan Priority Collateral) and any cash or other
assets and all “Cash Equivalents” as defined in the ABL Credit Agreement on the date hereof (or as modified from time to time to the extent such modifications are permitted under Section 5.3) in any such accounts (other than
identifiable cash proceeds in respect of real estate, Fixtures or Equipment or other Term Loan Priority Collateral (including proceeds from the sale, license, assignment or other disposition of Inventory to a third party not in connection with the
provision of services)); excluding (i) the Reinvestment Account, (ii) the Loss Proceeds Account and (iii) the Prepayment Account, which, in the case of clause (i), (ii) and (iii), constitute Term Loan Priority Collateral; 

(4)    Indebtedness representing on-lent ABL Loans and any intercompany revolving
loan notes to the extent evidencing such Indebtedness; 
 (5)    to the extent evidencing or governing any of the items
referred to in the preceding sub-clauses (1) through (4), all Documents, Documents of Title, General Intangibles (including all Payment Intangibles but excluding Intellectual Property), Instruments
(including promissory notes and except to the extent relating to the sale, license, assignment or other disposition of Term Loan Priority Collateral (including proceeds from the sale, license, assignment or other disposition of Inventory to a third
party not in connection with the provision of services)), Letter-of-Credit Rights and Commercial Tort Claims or other claims and causes of action, documents of title,
customs receipts, insurance, shipping and other documents and other materials related to the foregoing; 
 (6)    to the
extent evidencing or governing any of the items referred to in the preceding sub-clauses (1) through (5), all Supporting Obligations; 

(7)    all books and records relating to the foregoing (including all books, databases, customer lists and records,
whether tangible or electronic, that contain any information relating to any of the foregoing); and 
 (8)    all
collateral security and guarantees with respect to any of the foregoing and all cash, Money, Instruments, Securities, Financial Assets, Deposit Accounts and insurance payments directly received as proceeds of any ABL Priority Collateral. 

“ABL Recovery” shall have the meaning set forth in Section 6.5. 

“ABL Secured Parties” shall mean any ABL Cash Management Bank and any ABL Hedge Bank, together with the ABL Agent and the ABL
Lenders and any other Secured Parties under, and as defined in, the ABL Credit Agreement. 
 “ABL Security Agreement” shall
mean the ABL Security Agreement dated as of the date hereof among the Parent, Holdings, the other ABL Loan Parties party thereto and the ABL Agent, as amended, restated, supplemented or otherwise modified from time to time. 

  
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 “ABL Standstill Period” shall have the meaning set forth in
Section 3.1(b). 
 “ABL/Term Loan Cash Collateral” shall have the meaning set forth in Section 6.1. 

“Additional Debt” shall have the meaning set forth in Section 9.3(e). 

“Agent” shall mean each of the ABL Agent, the Term Loan Agent and the Notes Agent. 

“Agreement” shall have the meaning assigned to such term in the preamble to this Agreement. 

“Bank of America” shall mean Bank of America, N.A. and its successors. 

“Bankruptcy Code” shall mean Title 11 of the United States Code (11 U.S.C. § 101, et seq.). 

“Borrower” shall have the meaning assigned to that term in the recitals to this Agreement. 

“Business Day” shall mean any day that is not a Saturday, Sunday or other day on which commercial banks in New York City or
Las Vegas, Nevada are authorized or required by law to remain closed. 
 “Call Premium” shall have the meaning set forth in
the Term Loan Credit Agreement. 
 “cash collateral” shall mean any Common Collateral consisting of Money or cash
equivalents, any Security Entitlement and any Financial Assets. 
 “Code” shall mean the U.S. Internal Revenue Code of
1986, as amended. 
 “Collateral” shall mean, collectively, the ABL Collateral, the Term Loan Collateral and the Notes
Collateral. 
 “Common Collateral” shall mean, at any time, Collateral in which holders of any ABL Obligations (or the ABL
Agent), holders of any Term Loan Obligations (or the Term Loan Agent), and holders of any Notes Obligations hold or are permitted pursuant to the applicable ABL Loan Documents, Term Loan Documents or Notes Documents to hold a Lien at such time;
provided that Common Collateral does not include the Excluded ABL Collateral. 
 “Credit Agreements” shall mean,
collectively, the ABL Credit Agreement and the Term Loan Credit Agreement. 
 “Debtor Relief Laws” shall mean the
Bankruptcy Code and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization or similar debtor relief laws of the United States or other
applicable jurisdictions from time to time in effect and affecting the rights of creditors generally. 
 “Deposit Account
Collateral” shall mean that part of the Common Collateral comprised of and/or contained in Deposit Accounts. 

  
 Page 5 

 “DIP Financing” shall have the meaning set forth in Section 6.1. 

“Discharge of ABL Obligations” shall mean, the time at which all of the ABL Obligations (other than contingent
indemnification and reimbursement obligations as to which no claim has been asserted by the Person entitled thereto) have been paid in full in cash, all Letters of Credit (as defined in the ABL Credit Agreement as in effect on the date hereof) have
expired or been terminated (other than Letters of Credit for which other arrangements reasonably satisfactory to the ABL Agent and each applicable L/C Issuer (or similar term) (as defined in the ABL Credit Agreement as in effect on the date hereof)
have been made), all Commitments (as defined in the ABL Credit Agreement as in effect on the date hereof) have been terminated and any ABL Lender Hedging Obligations and ABL Lender Cash Management Obligations have either been paid in full, cash
collateralized on terms reasonably satisfactory to each applicable counterparty (or other arrangements reasonably satisfactory to the applicable counterparty shall have been made) or are no longer secured by the Collateral pursuant to the terms of
the ABL Credit Agreement; provided that the Discharge of ABL Obligations shall not be deemed to have occurred if such payments are made with the proceeds of other ABL Obligations that constitute an exchange or replacement for or a Refinancing of
such ABL Obligations, subject to compliance with Section 5.3 and 9.3 hereof. In the event the ABL Obligations are modified and the Obligations in respect thereof are paid over time or otherwise modified pursuant to Section 1129 of the
Bankruptcy Code or other applicable Debtor Relief Law, the ABL Obligations shall be deemed to be discharged when the final payment is made, in cash, in respect of such Obligations and any obligations pursuant to such new indebtedness shall have been
satisfied. 
 “Discharge of Notes Obligations” shall mean, the time at which all Notes Obligations (other than contingent
indemnification as to which no claim has been asserted by the Person entitled thereto) have been converted into equity interests of Parent or into a license agreement under the terms of the Note Purchase Agreement and the Notes. In the event any
class of Notes Obligations is modified and the Obligations in respect thereof are paid over time or otherwise modified pursuant to Section 1129 of the Bankruptcy Code or other applicable Debtor Relief Law, such Notes Obligations shall be deemed
to be discharged when the final payment is made in cash in respect of such Obligations or all Notes Obligations have been converted into equity interest of Parent or into a license agreement under the terms of the Note Purchase Agreement, in respect
of such Obligations. 
 “Discharge of Term Loan Obligations” shall mean, the time at which all the Term Loan Obligations
(other than contingent indemnification and reimbursement obligations as to which no claim has been asserted by the Person entitled thereto) have been paid in full in cash, all letters of credit (if any) under the Term Loan Credit Agreement have
expired or been terminated (other than letters of credit for which other arrangements reasonably satisfactory to the Term Loan Agent and each applicable issuing bank (or similar term) under the Term Loan Credit Agreement) have been made and all
Commitments (as defined in the Term Loan Credit Agreement as in effect on the date hereof) have been terminated, and any Term Loan Lender Hedge Obligations and Term Loan Cash Management Obligations have either been paid in full, cash collateralized
on terms reasonably satisfactory to each applicable counterparty (or other arrangements reasonably satisfactory to the applicable counterparty shall have been made) or are no longer secured by the Collateral pursuant to the terms of the Term Loan
Credit Agreement; provided that the Discharge of Term Loan Obligations shall not be deemed to have occurred if such payments are made with the proceeds of 

  
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other Term Loan Obligations that constitute an exchange or replacement for or a Refinancing of such Obligations or Term Loan Obligations, subject to compliance with Section 9.3. In the event
any class of Term Loan Obligations is modified and the Obligations in respect thereof are paid over time or otherwise modified pursuant to Section 1129 of the Bankruptcy Code or other applicable Debtor Relief Law, such Term Loan Obligations
shall be deemed to be discharged when the final payment is made, in cash, in respect of such Obligations and any obligations pursuant to such new indebtedness shall have been satisfied. 

“Equity Interests” shall have the meaning given to the term in the Credit Agreements as in effect on the date hereof. 

“Excluded ABL Collateral” shall mean the Initial Growth Capex Reserve Account, in the name of, otherwise held or owned by,
each Grantor that is held at Beal Bank USA and/or any of its affiliates. 
 “Exercise Any Secured Creditor Remedies” or
“Exercise of Any Secured Creditor Remedies” shall mean, except as otherwise provided in the final sentence of this definition: 

(a)    the taking by any Secured Party of any action to enforce or realize upon any Lien, including the institution of any
foreclosure proceedings or the noticing of any public or private sale pursuant to Article 9 of the Uniform Commercial Code or other applicable law; 

(b)    the exercise by any Secured Party of any remedy provided to a secured creditor on account of a Lien under any of
the ABL Loan Documents, the Term Loan Documents, or the Notes Documents, as applicable, under applicable law, in an Insolvency Proceeding or otherwise, including the election to retain any of the Common Collateral in satisfaction of a Lien; 

(c)    the taking of any action by any Secured Party or the exercise of any right or remedy by any Secured Party in
respect of the collection on, set off against, marshaling of, injunction respecting or foreclosure on the Common Collateral or the proceeds thereof; 

(d)    the appointment, directly or on the application of a Secured Party or of a trustee, receiver, receiver and manager,
interim receiver or similar official of all or part of the Common Collateral; 
 (e)    the sale, lease, license or
other disposition of all or any portion of the Common Collateral by private or public sale conducted by a Secured Party or by any other means at the direction of a Secured Party permissible under applicable law (including, without limitation, any
sale, transfer or other disposition effected pursuant to Section 5.1(a)(ii) or 5.1(b)(ii) hereof); 
 (f)    the
exercise of any other right of a secured creditor under Part 6 of Article 9 of the Uniform Commercial Code or under provisions of similar effect or other applicable law; 

(g)    the exercise by a Secured Party of any voting rights relating to any Equity Interest included in the Common
Collateral; or 

  
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 (h)    the delivery of any notice, claim or demand relating to the
Common Collateral to any Person (including any securities intermediary, depository bank or landlord) in possession or control of any Common Collateral; 

For the avoidance of doubt, none of the following shall be deemed to constitute an Exercise of Any Secured Creditor Remedies: (i) the
filing of a proof of claim in any Insolvency Proceeding of any Loan Party or seeking adequate protection in compliance with this Agreement, (ii) the exercise of rights by the ABL Agent upon the occurrence of a Cash Dominion Trigger Period (as
defined in the ABL Credit Agreement as in effect on the date hereof) of the type provided in the ABL Credit Agreement as in effect on the date hereof (or any substantially similar provision in any replacement ABL Credit Agreement), including the
notification of account debtors, depository institutions or any other Person to deliver proceeds of ABL Priority Collateral to the ABL Agent in accordance with the ABL Credit Agreement (or any substantially similar provision in any replacement ABL
Credit Agreement), (iii) filing any necessary or appropriate responsive or defensive pleadings in opposition to any motion, adversary proceeding or other pleading filed by any Person objecting to or otherwise seeking disallowance of the claim or
Lien of such Agent or Secured Party, to the extent not in contravention of this Agreement, (iv) subject to the restrictions set forth in this definition and not otherwise in contravention of this Agreement, filing any pleadings, objections,
motions or agreements which assert rights or interests available to secured creditors solely with respect to the Term Loan Priority Collateral, in the case of the Term Loan Secured Parties, or the ABL Priority Collateral, in the case of the ABL
Secured Parties, as applicable, (v) voting on any Plan in any Insolvency Proceeding of any Loan Party, (vi) the consent by the ABL Agent or the ABL Secured Parties to a going out of business sale or other disposition by any Grantor of any
of the ABL Priority Collateral (other than after the occurrence of an “Event of Default” as defined in the ABL Credit Agreement as in effect on the date hereof), (vii) the changing of advance rates, ineligibles or sublimits by the ABL
Agent and the ABL Secured Parties, (viii) the imposition or modification of the Availability Reserve (as defined in the ABL Credit Agreement as in effect on the date hereof) by the ABL Agent, (ix) the acceleration of loans under the ABL
Credit Agreement, the Term Loan Credit Agreement or the Note Purchase Agreement in accordance with the terms hereof, (x) the consent of the Term Loan Agent to the disposition by any Grantor of any Term Loan Priority Collateral (other than after
the occurrence of an “Event of Default” as defined in the Term Loan Credit Agreement as in effect on the date hereof), (xi) the imposition of a default rate, or (xii) the conversion of the Notes Obligations into equity interests of
Parent or into a license agreement pursuant to the terms of the Note Purchase Agreement and the Notes issued thereunder. 
 “Exit
Fees” shall have the meaning set forth in the Term Loan Credit Agreement. 
 “First Priority Agent” shall mean,
with respect to (a) any ABL Priority Collateral, the ABL Agent, and (b) any Term Loan Priority Collateral, the Term Loan Agent. 

“First Priority Claims” shall mean, with respect to (a) any ABL Priority Collateral, the ABL Obligations, and
(b) any Term Loan Priority Collateral, the Term Loan Obligations. 
 “First Priority Secured Parties” shall mean, with
respect to (a) any ABL Priority Collateral, the ABL Secured Parties, and (b) any Term Loan Priority Collateral, the Term Loan Secured Parties. 

  
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 “Grantors” shall mean the Parent, Holdings, the Borrower, the other ABL
Loan Parties, the other Term Loan Parties and the other Notes Parties. 
 “Hedging Agreement” shall mean a (i) “Hedge
Agreement” as such term is defined in the Term Loan Credit Agreements or (ii) “Secured Hedge Agreement” as such term is defined in the ABL Credit Agreement. 

“Holdings” shall have the meaning set forth in the preamble to this Agreement. 

“Indebtedness” shall (i) in the case of the Term Loan Credit Agreement, shall mean “Debt” as such term is
defined in the Term Loan Credit Agreement in effect on the date hereof and (ii) in the case of the ABL Credit Agreement, shall have the meaning provided in the ABL Credit Agreement as in effect on the date hereof. 

“Initial Growth Capex Reserve Account” shall have the meaning give to the term in the Term Loan Credit Agreement as of the
date hereof. 
 “Insolvency Proceeding” shall mean (a) any case commenced by or against any Grantor under the
Bankruptcy Code or any other Debtor Relief Law, any other proceeding for the relief of debtors, any other proceeding for the reorganization, recapitalization or adjustment or marshaling of the assets or liabilities of any Grantor, any receivership
or assignment for the benefit of creditors relating to any Grantor or any similar case or proceeding relative to any Grantor or its creditors, as such, or with respect to any material portion of any Grantor’s property, in each case whether or
not voluntary; (b) any liquidation, dissolution, marshaling of assets or liabilities or other winding up of or relating to any Grantor, in each case whether or not voluntary and whether or not involving bankruptcy or insolvency; or (c) any
other proceeding of any type or nature in which substantially all claims of creditors of any Grantor are determined and any payment or distribution is or may be made on account of such claims. 

“Intellectual Property” shall have the meaning set forth in each of the Specified Collateral Documents in effect on the date
hereof (whether or not such agreements are then in effect). 
 “Intercreditor Agreement Joinder” shall mean, with respect
to any Grantor or any New ABL Agent or New Term Loan Agent, an agreement substantially in the form of Exhibit A hereto, executed by the applicable Grantor, New ABL Agent, New Term Loan Agent, and delivered by it to the Term Loan Agent, the ABL Agent
and the Notes Agent. 
 “Lien” shall have the meaning given to the term in the Credit Agreements as in effect on the date
hereof. 
 “Loans” shall mean the collective reference to the ABL Loans and the Term Loans. 

“Loss Proceeds Account” shall have the meaning give to the term in the Term Loan Credit Agreement as of the date hereof. 

“New ABL Agent” shall have the meaning set forth in Section 9.3(c). 

“New Term Loan Agent” shall have the meaning set forth in Section 9.3(c). 

  
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 “New York Courts” shall have the meaning set forth in Section 9.7.

 “Note Purchase Agreement” shall have the meaning set forth in the recitals to this Agreement. 

“Notes” shall mean the 16% Convertible Senior Secured (Third Lien) PIK Notes due 2026 issued by Parent under the Note
Purchase Agreement on the initial closing date and any additional notes issued by the Parent under the Note Purchase Agreement thereafter. 

“Notes Agent” shall have the meaning assigned to that term in the preamble to this Agreement. 

“Notes Collateral” shall mean all of the assets of any Grantor, whether real, personal or mixed, upon which a Lien is granted
or purported to be granted to the Notes Agent under any of the Notes Documents. 
 “Notes Collateral Documents” shall mean
the Notes Security Agreement and each of the collateral documents, instrument and agreements delivered pursuant to the Note Purchase Agreement (including intellectual property security agreements) that creates or purports to create a Lien in favor
of the Notes Agent for the benefit of the Notes Secured Parties, in each case, as amended, restated, supplemented or otherwise modified from time to time. 

“Notes Documents” shall mean the Notes, the Notes Collateral Documents, and all of the “Transaction Documents” as
defined in the Note Purchase Agreement. 
 “Notes Obligations” shall mean any and all Obligations of every nature of each
Notes Party from time to time owed to the Notes Secured Parties, or any of them, under, in connection with, or evidenced or secured by any Notes Document, including, without limitation, all the “Note Obligations,” or similar term as
defined in the Note Purchase Agreement as in effect on the date hereof. 
 “Notes Parties” shall mean the Parent, Holdings,
Borrower and any of the “Grantors” as defined in or party to the Notes Security Agreement. 
 “Notes Secured
Parties” shall mean the Notes Agent and the Purchasers under and as defined in, the Note Purchase Agreement. 
 “Notes
Security Agreement” shall mean that certain Guarantee and Third Lien Collateral Agreement, dated as of the date hereof among the Parent, Holdings, the other Notes Parties party thereto and the Notes Agent, as amended, restated, supplemented
or otherwise modified from time to time. 
 “Obligations” shall mean, with respect to any Person, any payment, performance
or other obligations of such Person of any kind, including any liability of such Person on any claim, whether or not the right of any creditor to payment in respect of such claim is reduced to judgment, liquidated, unliquidated, fixed, contingent,
matured, disputed, undisputed, legal, equitable, secured or unsecured, and whether or not such claim is discharged, stayed or otherwise affected by any Insolvency Proceeding. Without limiting the generality of the foregoing, the Obligations of any

  
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Grantor under any ABL Loan Document, Term Loan Document or Notes Document include the obligations to pay principal, reimbursement obligations under letters of credit, interest (including all
interest, fees and expenses that, but for the filing of a petition in bankruptcy with respect to any Grantor, would have accrued on any such obligations, whether or not a claim therefor is allowed or allowable against such Grantor in such bankruptcy
proceeding) or premium on any Indebtedness, letter of credit commissions (if applicable), charges, expenses, fees, yield maintenance (including Yield Maintenance Fees (if applicable)), Exit Fees (if applicable), premiums (including Call Premium (if
applicable)), attorneys’ fees and disbursements, indemnities, and other amounts payable by such Grantor to reimburse any amount in respect of any of the foregoing that any ABL Secured Party, any Term Loan Secured Party or any Notes Secured
Party, in each case in its sole discretion, many elect to pay or advance on behalf of such Grantor. 
 “Parent” shall have
the meaning set forth in the recitals to this Agreement. 
 “Patent” shall have the meaning set forth in each of the
Specified Collateral Documents in effect on the date hereof (whether or not such agreements are then in effect). 

“Person” shall mean an individual, partnership, corporation, limited liability company, business trust, joint stock company,
trust, unincorporated association, joint venture, governmental authority or other entity of whatever nature. 
 “Plan”
shall mean any plan of reorganization, plan of liquidation, agreement for composition, or other type of plan of arrangement proposed in or in connection with any Insolvency Proceeding under the Bankruptcy Code or any other Debtor Relief Laws. 

“Pledged Collateral” shall mean the Common Collateral in the possession of the ABL Agent (or its agents or bailees), the Term
Loan Agent (or its agents or bailees), or the Notes Agent (or its agents or bailees), to the extent that possession thereof perfects a Lien thereon under the Uniform Commercial Code or other applicable law. 

“Prepayment Account” shall have the meaning give to the term in the Term Loan Credit Agreement as of the date hereof. 

“Refinance” shall mean, in respect of any Indebtedness, to refinance, extend, renew, retire, defease, amend, modify,
supplement, amend and restate, restructure, replace, refund or repay, or to issue other Indebtedness in exchange or replacement for, such Indebtedness in whole or in part. “Refinanced” and “Refinancing” shall have correlative
meanings. 
 “Reinvestment Account” shall have the meaning give to the term in the Term Loan Credit Agreement as of the
date hereof. 
 “Required Lenders” shall mean, with respect to any Credit Agreement, those Lenders (as defined under the
applicable Credit Agreement) the approval of which is required to approve an amendment or modification of, termination or waiver of any provision of or consent to any departure from such Credit Agreement (or would be required to effect such consent
under this Agreement if such consent were treated as an amendment of the Credit Agreement).1 
  

 

	1 	 Note to Draft: Voting mechanics for the NPA to be reflected upon receipt. 

  
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 “Second Priority Agent” shall mean, with respect to (a) any ABL
Priority Collateral, the Term Loan Agent, and (b) any Term Loan Priority Collateral, the ABL Agent. 
 “Second Priority
Claims” shall mean, with respect to (a) any ABL Priority Collateral, the Term Loan Obligations, and (b) any Term Loan Priority Collateral, the ABL Obligations. 

“Second Priority Documents” shall mean, with respect to (a) any ABL Priority Collateral, the Term Loan Documents, and
(b) any Term Loan Priority Collateral, the ABL Loan Documents. 
 “Second Priority Secured Parties” shall mean, with
respect to (a) any ABL Priority Collateral, the Term Loan Secured Parties, and (b) any Term Loan Priority Collateral, the ABL Secured Parties. 

“Secured Parties” shall mean the collective reference to the ABL Secured Parties, the Term Loan Secured Parties, and the
Notes Secured Parties. 
 “Specified ABL Hedging Agreement” shall mean a “Specified Hedge Agreement” as such term
is defined in the ABL Credit Agreement. 
 “Specified Collateral Documents” shall mean the ABL Security Agreement, the Term
Security Agreement, and the Notes Security Agreement. 
 “Specified Term Loan Hedging Agreement” shall mean a
“Specified Hedge Agreement” as such term is defined in the Term Loan Credit Agreement. 
 “Subsidiary” shall mean
any “Subsidiary” of Parent under (and as defined in) each of the Credit Agreements as in effect on the date hereof. 

“Term Declined Lien” shall have the meaning set forth in Section 2.3 hereof. 

“Term DIP Financing” shall have the meaning set forth in Section 6.1. 

“Term Loan Agent” shall have the meaning set forth in the preamble to this Agreement. 

“Term Loan Cash Collateral” shall have the meaning set, forth in Section 6.1. 

“Term Loan Cash Management Bank” shall mean any “Qualified Counterparty” (as defined in the Term Loan Credit
Agreement) holding any Term Loan Obligations constituting Term Loan Lender Cash Management Obligations. 
 “Term Loan
Collateral” shall mean all of the assets of any Grantor, whether real, personal or mixed, upon which a Lien is granted or purported to be granted to the Term Loan Agent under any of the Term Loan Collateral Documents, including the Initial
Growth Capex Account. 

  
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 “Term Loan Collateral Documents” shall have the meaning set forth in the
Term Loan Credit Agreement. 
 “Term Loan Credit Agreement” shall have the meaning set forth in the recitals to this
Agreement. 
 “Term Loan Documents” shall mean “Loan Documents” as defined in the Term Loan Credit Agreement.

 “Term Loan Guarantors” shall mean the “Guarantors” as defined in the Term Loan Credit Agreement. 

“Term Loan Hedge Bank” shall mean each “Qualified Counterparty” (as defined in the Term Loan Credit Agreement)
party to a Specified Term Loan Hedging Agreement. 
 “Term Loan Lender Cash Management Obligations” shall mean “Cash
Management Obligations” as defined in the Term Loan Credit Agreement. 
 “Term Loan Lender Hedging Obligations” shall
mean all amounts owing under any Specified Term Loan Hedging Agreement. 
 “Term Loan Lenders” shall have the meaning set
forth in the preamble to this Agreement. 
 “Term Loan Obligations” shall mean any and all Obligations of every nature of
each Term Loan Party from time to time owed to the Term Loan Secured Parties, or any of them, under, in connection with, or evidenced or secured by any Term Loan Document, including, without limitation, all the “Obligations,” or similar
term as defined in the Term Loan Credit Agreement as in effect on the date hereof. 
 “Term Loan Parties” shall mean the
“Loan Parties” as defined in the Term Loan Credit Agreement. 
 “Term Loan Priority Collateral” shall mean all
Common Collateral other than ABL Priority Collateral, and all collateral security and guarantees with respect to any Term Loan Priority Collateral, and all cash, Money, Instruments, Securities, Financial Assets and Deposit Accounts directly received
as proceeds of, or constituting, any Term Loan Priority Collateral, including, without limitation, Equipment, Inventory sold, licensed, assigned or otherwise disposed of a third party not in connection with the provision of services, Intellectual
Property, the Loss Proceeds Account, the Prepayment Account and the Reinvestment Account (each as defined the Term Loan Credit Agreement as in effect on the date hereof). 

“Term Loan Recovery” shall have the meaning set forth in Section 6.5 hereof. 

“Term Loan Secured Parties” shall mean any Term Loan Cash Management Bank and any Term Loan Hedge Bank, together with the
Term Loan Agent and the Term Loan Lenders and any other Secured Parties under, and as defined in the Term Loan Credit Agreement. 

“Term Loans” shall mean the “Loans” as defined in the Term Loan Credit Agreement. 

  
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 “Term Loan Standstill Period” shall have the meaning set forth in
Section 3.1(a). 
 “Term Security Agreement” shall mean the Term Loan Guarantee and Collateral Agreement, dated as of
the date hereof among the Parent, Holdings, the other Term Loan Parties party thereto and the Term Loan Agent, as amended, restated, supplemented or otherwise modified from time to time. 

“Third Priority Agent” shall mean the Notes Agent. 

“Third Priority Claims” shall mean the Notes Obligations. 

“Third Priority Documents” shall mean the Notes Documents. 

“Third Priority Secured Parties” shall mean the Notes Secured Parties. 

“Trademark” shall have the meaning set forth in each of the Specified Collateral Documents, each as in effect on the date
hereof (whether or not such agreements are then in effect). 
 “Uniform Commercial Code” or “UCC” shall mean the
Uniform Commercial Code as in effect from time to time in the State of New York; provided that if, by reason of mandatory provisions of law, perfection or the effect of perfection or non-perfection or the
priority of a security interest in any Collateral or the availability of any remedy is governed by the Uniform Commercial Code as in effect in a United States jurisdiction other than New York, “Uniform Commercial Code” means the Uniform
Commercial Code as in effect in such other United States jurisdiction for purposes of the provisions of any Loan Document relating to such perfection or effect of perfection or non-perfection or priority or
availability of such remedy, as the case may be. 
 “WSFS” shall mean Wilmington Savings Fund Society, FSB and its
successors and assigns. 
 “Yield Maintenance Fees” shall have the meaning set forth in the Term Loan Credit Agreement.

 1.2    Rules of Construction. Unless the context of this Agreement clearly requires otherwise, references to
the plural include the singular, references to the singular include the plural, the term “including” is not limiting and shall be deemed to be followed by the phrase “without limitation,” and the term “or” has, except
where otherwise indicated, the inclusive meaning represented by the phrase “and/or.” The words “hereof,” “herein,” “hereby,” “hereunder” and similar terms in this Agreement refer to this Agreement as
a whole and not to any particular provision of this Agreement. Article, section, subsection, clause, schedule and exhibit references herein are to this Agreement unless otherwise specified. Any reference in this Agreement to any agreement,
instrument or document shall include all alterations, amendments, changes, restatements, extensions, modifications, renewals, substitutions, joinders and supplements thereto and thereof, as applicable (subject to any restrictions on such
alterations, amendments, changes, restatements, extensions, modifications, renewals, substitutions, joinders and supplements set forth herein). Any reference herein to any Person shall be construed to include such Person’s successors and
assigns. Except as otherwise provided herein, any reference herein to the repayment in full of an obligation shall mean the payment in full in cash of such obligation, or in such other manner as may be approved in writing by the requisite holders or
representatives in respect of such obligation. 

  
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 1.3    UCC Definitions. The following terms, which are defined in
uncapitalized form or otherwise used in the Uniform Commercial Code are used herein as so defined or used, as the context requires: 

Accounts, Cash Equivalents, Chattel Paper, Deposit Account, Document, Document of Title, Electronic Chattel Paper, Equipment, Financial Asset,
Fixtures, General Intangible, Instrument, Inventory, Letter-of-Credit Right, Money, Payment Intangible, Proceeds, Records, Securities, Securities Account, Security
Entitlement, Supporting Obligation and Tangible Chattel Paper. 
 SECTION 2    PRIORITY OF LIENS. 

2.1    Subordination of Liens. Notwithstanding (i) the date, time, method, manner or order of filing or
recordation of any document or instrument or grant, attachment or perfection (including any defect or deficiency or alleged defect or deficiency in any of the foregoing) of any Liens granted to the ABL Agent for the benefit of the ABL Secured
Parties on the Common Collateral, granted to the Term Loan Agent for the benefit of the Term Loan Secured Parties on the Common Collateral, or granted to the Notes Agent for the benefit of the Notes Secured Parties on the Common Collateral,
(ii) any provision of the UCC, the Bankruptcy Code, or any other applicable Debtor Relief Law or other law or the ABL Loan Documents, the Term Loan Documents, or the Notes Documents, (iii) whether the ABL Agent, the Term Loan Agent, or the
Notes Agent either directly or through agents, holds possession of, or has control over, all or any part of the Common Collateral, (iv) the fact that any such Liens may be subordinated, voided, avoided, invalidated or lapsed or (v) any
other circumstance of any kind or nature whatsoever, the ABL Agent, on behalf of itself and each ABL Secured Party, the Term Loan Agent, on behalf of itself and each applicable Term Loan Secured Party, and the Notes Agent, on behalf of itself and
each applicable Notes Secured Party hereby agree that: 
  

	 	(a)	 all Liens on the ABL Priority Collateral securing any ABL Obligations now or hereafter held by or on behalf of
the ABL Agent or any ABL Secured Parties or any agent, trustee, receiver, interim receiver or similar Person therefor regardless of how acquired, whether by grant, statute, operation of law, subrogation or otherwise, shall have priority over and be
senior in all respects and prior to any Lien on the ABL Priority Collateral securing any Term Loan Obligations or Notes Obligations, 

  

	 	(b)	 all Liens on the ABL Priority Collateral securing any Term Loan Obligations, now or hereafter held by or on
behalf of a Term Loan Agent, any Term Loan Secured Parties or any agent, trustee, receiver, interim receiver or similar Person therefor regardless of how acquired, whether by grant, statute, operation of law, subrogation or otherwise, shall be
(i) junior and subordinate in all respects to all Liens on the ABL Priority Collateral securing any ABL Obligations and (ii) senior in all respects and prior to any Lien on the ABL Priority Collateral securing any Notes Obligations,

  
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	 	(c)	 all Liens on the ABL Priority Collateral securing any Notes Obligations, now or hereafter held by or on behalf
of the Notes Agent or any Notes Secured Party or any agent, trustee, receiver, interim receiver or similar Person therefor regardless of how acquired, whether by grant, statute, operation of law, subrogation or otherwise, shall be junior and
subordinate in all respects to all Liens on the ABL Priority Collateral securing any ABL Obligations or any Term Loan Obligations, 

  

	 	(d)	 all Liens on the Term Loan Priority Collateral securing any Term Loan Obligations now or hereafter held by or
on behalf of the Term Loan Agent, any Term Loan Secured Parties or any agent, trustee, receiver, interim receiver or similar Person therefor regardless of how acquired, whether by grant, statute, operation of law, subrogation or otherwise, shall
have priority over and be senior in all respects and prior to any Lien on the Term Loan Priority Collateral securing any ABL Obligations or any Notes Obligations, 

 

	 	(e)	 all Liens on the Term Loan Priority Collateral securing any ABL Obligations, now or hereafter held by or on
behalf of the ABL Agent or any ABL Secured Parties or any agent, trustee, receiver, interim receiver or similar Person therefor regardless of how acquired, whether by grant, statute, operation of law, subrogation or otherwise, shall be
(i) junior and subordinate in all respects to all Liens on the Term Loan Priority Collateral securing any Term Loan Obligations and (ii) shall have priroity over and be senior in all respects and prior to any Lien on the Term Loan Priority
Collateral securing any Notes Obligations, 

  

	 	(f)	 any Lien on the Term Loan Priority Collateral securing any Notes Obligations, now or hereafter held by or on
behalf of the Notes Agent or any Notes Secured Party or any agent, trustee, receiver, interim receiver or similar Person therefor regardless of how acquired, whether by grant, statute, operation of law, subrogation or otherwise, shall be junior and
subordinate in all respects to all Liens on the Term Loan Priority Collateral securing any Term Loan Obligations or ABL Obligations. 

All Liens on the ABL Priority Collateral securing any ABL Obligations shall be and remain senior in all respects and prior to all Liens on the
ABL Priority Collateral securing any Term Loan Obligations or Notes Obligations for all purposes, whether or not such Liens securing any ABL Obligations are subordinated to any Lien securing any other obligation of the Borrower, any other Grantor or
any other Person. All Liens on the Term Loan Priority Collateral securing any Term Loan Obligations shall be and remain senior in all respects and prior to all Liens on the Term Loan Priority Collateral securing any ABL Obligations or Notes
Obligations for all purposes, whether or not such Liens securing any Term Loan Obligations are subordinated to any Lien securing any other obligation of the Borrower, any other Grantor or any other Person. 

2.2    Prohibition on Contesting Liens. The ABL Agent, for itself and on behalf of each ABL Secured Party, the Term
Loan Agent, for itself and on behalf of each Term Loan Secured Party, and the Notes Agent, for itself and on behalf of each Notes Secured Party agrees that it shall 

  
 Page 16 

 
not (and hereby waives any right to) take any action to challenge, contest or support any other Person in contesting or challenging, directly or indirectly, in any proceeding (including any
Insolvency Proceeding), the validity, perfection, priority or enforceability of (a) any Lien securing any ABL Obligations held (or purported to be held) by or on behalf of the ABL Agent or any of the ABL Secured Parties or any agent, or
trustee, receiver, interim receiver or similar Person therefor in any ABL Collateral, (b) any Lien securing any Term Loan Obligations held (or purported to be held) by or on behalf of any Term Loan Secured Party in any Term Loan Collateral, or
(c) any Lien securing any Notes Obligations held (or purported to be held) by or on behalf of any Notes Secured Party in any Notes Collateral, as the case may be; provided, however, that nothing in this Agreement shall be construed (x) to
prevent or impair the rights of the ABL Agent or any ABL Secured Party to enforce this Agreement (including the priority of the Liens securing the ABL Obligations as provided in Section 2.1 with respect to any Collateral, including any ABL
Priority Collateral) or any of the ABL Loan Documents or (y) to prevent or impair the rights of a Term Loan Agent or any Term Loan Secured Party to enforce this Agreement (including the priority of the Liens securing the Term Loan Obligations
as provided in Section 2.1 with respect to any Collateral, including any Term Loan Priority Collateral) or any of the Term Loan Documents. 

2.3    No New Liens. 
  

	 	(a)	 So long as the Discharge of ABL Obligations has not occurred, the Term Loan Agent agrees, for itself and on
behalf of each applicable Term Loan Secured Party, whether or not any Insolvency Proceeding has been commenced by or against the Borrower, or any other Grantor, that it shall not, except as otherwise provided herein, acquire or hold any Lien on any
assets of the Borrower or any other Grantor securing any Term Loan Obligations that, to the extent permissible under applicable law, are not also subject to the Liens in respect of the ABL Obligations under the ABL Loan Documents; provided that this
provision will not be violated with respect to any ABL Obligations if the ABL Agent is given a reasonable opportunity to accept a Lien on any asset or property and the ABL Agent states in writing that the ABL Loan Documents in respect thereof
prohibit the ABL Agent from accepting a Lien on such asset or property or the ABL Agent otherwise expressly declines to accept a Lien on such asset or property (any such prohibited or declined Lien, an “ABL Declined Lien”). If the
Term Loan Agent or any Term Loan Secured Party shall (nonetheless and in breach hereof) acquire or hold any Lien on any collateral of a Grantor that is not also subject to the Liens in respect of the ABL Obligations under the ABL Loan Documents
(other than an ABL Declined Lien), then the Term Loan Agent shall, to the extent permissible under applicable law, without the need for any further consent of any party and notwithstanding anything to the contrary in any other document, be deemed to
also hold and have held such Lien for the benefit of the ABL Agent as security for the ABL Obligations (subject to the Lien priority and other terms hereof) and shall promptly notify the ABL Agent in writing of the existence of such Lien and in any
event take such actions as may be requested by the ABL Agent to assign or release such Liens to the ABL Agent (and/or its designees) as security for the ABL Obligations. 

  
 Page 17 

	 	(b)	 So long as the Discharge of Term Loan Obligations has not occurred, the ABL Agent agrees, for itself and on
behalf of each ABL Secured Party, whether or not any Insolvency Proceeding has been commenced by or against the Borrower, or any other Grantor, that it shall not, except as otherwise provided herein, acquire or hold any Lien on any assets of the
Borrower or any other Grantor securing any ABL Obligations that, to the extent permissible under applicable law, are not also subject to the Liens in respect of the Term Loan Obligations under the Term Loan Documents; provided that this provision
will not be violated with respect to any Term Loan Obligations if the Term Loan Agent is given a reasonable opportunity to accept a Lien on any asset or property and the Term Loan Agent states in writing that the Term Loan Documents in respect
thereof prohibit the Term Loan Agent from accepting a Lien on such asset or property or the Term Loan Agent otherwise expressly declines to accept a Lien on such asset or property (any such prohibited or declined Lien, a “Term Declined
Lien”). If the ABL Agent or any ABL Secured Party shall (nonetheless and in breach hereof) acquire or hold any Lien on any collateral of a Grantor that is not also subject to the Liens in respect of the Term Loan Obligations under the Term
Loan Documents (other than a Term Declined Lien), then the ABL Agent shall, to the extent permissible under applicable law, without the need for any further consent of any party and notwithstanding anything to the contrary in any other document, be
deemed to also hold and have held such Lien for the benefit of the Term Loan Agent as security for the Term Loan Obligations (in each case, subject to the Lien priority and other terms hereof) and shall promptly notify the Term Loan Agent in writing
of the existence of such Lien and in any event take such actions as may be requested by the Term Loan Agent to assign or release such Liens to the Term Loan Agent (and/or its designees) as security for the Term Loan Obligations.

  

	 	(c)	 So long as the Discharge of ABL Obligations or the Discharge of Term Loan Obligations has not occurred, the
Notes Agent agrees, for itself and on behalf of each applicable Notes Secured Parties, whether or not any Insolvency Proceeding has been commenced by or against the Borrower, or any other Grantor, that it shall not, except as otherwise provided
herein, acquire or hold any Lien on any assets of the Borrower or any other Grantor securing any Notes Obligations that, to the extent permissible under applicable law, are not also subject to the Liens in respect of the Liens of the ABL Secured
Parties and Term Loan Secured Parties under the ABL Documents and the Term Loan Documents, respectively. If the Notes Agent or any Notes Secured Party shall (nonetheless and in breach hereof) acquire or hold any Lien on any collateral of a Grantor
that is not also subject to the Liens in respect of the ABL Obligations under the ABL Loan Documents (other than an ABL Declined Lien) or the Term Loan Obligations under the 

  
 Page 18 

	 	
Term Loan Documents (other than the Term Declined Lien), then the Notes Agent shall, to the extent permissible under applicable law, without the need for any further consent of any party and
notwithstanding anything to the contrary in any other document, be deemed to also hold and have held such Lien for the benefit of the ABL Agent as security for the ABL Obligations (subject to the Lien priority and other terms hereof) and the Term
Loan Agent as security for the Term Loan Obligations and shall promptly notify the ABL Agent and the Term Loan Agent in writing of the existence of such Lien and in any event take such actions as may be requested by the ABL Agent or the Term Loan
Agent to assign or release such Liens to the ABL Agent (and/or its designees) as security for the ABL Obligations and the Term Loan Agent (and/or its designees) as security for the Term Loan Obligations. 

Notwithstanding anything in this Agreement to the contrary, Excluded ABL Collateral shall only constitute Term Loan Collateral subject to a
lien in favor of the Term Loan Agent and shall in no event constitute ABL Collateral, Notes Collateral, or Common Collateral and shall not be subject to any lien in favor of the ABL Agent hereunder or under any ABL Document and shall not be subject
to a lien in favor of the Notes Agent hereunder or under any Notes Document. 
 2.4    Perfection of Liens. With
respect to any portion of the Common Collateral, except as expressly set forth in Section 5.5, neither the First Priority Agent nor the First Priority Secured Parties shall be responsible for perfecting and maintaining the perfection of Liens
with respect to the Common Collateral for the benefit of (a) the Second Priority Agent and the Second Priority Secured Parties, or (b) the Third Priority Agent and the Third Priority Secured Parties. The provisions of this Agreement are
intended solely to govern the respective Lien priorities as between the ABL Secured Parties as a class, the Term Loan Secured Parties as a class, and the Notes Secured Parties as a class, and shall not impose on the ABL Agent, the Term Loan Agent,
the Notes Agent, the ABL Secured Parties, the Term Loan Secured Parties, the Notes Secured Parties, or any agent, trustee, receiver, interim receiver or similar Person therefor any obligations in respect of the disposition of proceeds of any Common
Collateral that would conflict with prior perfected claims therein in favor of any other Person or any order or decree of any court or governmental authority or any applicable law. 

2.5    Waiver of Marshaling. 
  

	 	(a)	 Until the Discharge of ABL Obligations, the Term Loan Agent, on behalf of itself and the applicable Term Loan
Secured Parties, agrees not to assert and hereby waives, to the fullest extent permitted by law, any right to demand, request, plead or otherwise assert or otherwise claim the benefit of, any marshaling, appraisal, valuation or other similar right
that may otherwise be available under applicable law with respect to the ABL Priority Collateral or any other similar rights a junior secured creditor may have under applicable law with respect to the ABL Priority Collateral. 

 

	 	(b)	 Until the Discharge of Term Loan Obligations, the ABL Agent, on behalf of itself and the ABL Secured Parties,
agrees not to assert and hereby waives, 

  
 Page 19 

	 	
to the fullest extent permitted by law, any right to demand, request, plead or otherwise assert or otherwise claim the benefit of, any marshaling, appraisal, valuation or other similar right that
may otherwise be available under applicable law with respect to the Term Loan Priority Collateral or any other similar rights a junior secured creditor may have under applicable law with respect to the Term Loan Priority Collateral.

  

	 	(c)	 Until the Discharge of ABL Obligations and the Discharge of Term Loan Obligations, the Notes Agent, on behalf
of itself and the Notes Secured Parties, agrees not to assert and hereby waives, to the fullest extent permitted by law, any right to demand, request, plead or otherwise assert or otherwise claim the benefit of, any marshaling, appraisal, valuation
or other similar right that may otherwise be available under applicable law with respect to the ABL Collateral or the Term Loan Collateral or any other similar rights a junior secured creditor may have under applicable law with respect to the ABL
Collateral or Term Loan Collateral. 

 SECTION 3    ENFORCEMENT. 

3.1    Exercise of Remedies. 
  

	 	(a)	 So long as the Discharge of ABL Obligations has not occurred, whether or not any Insolvency Proceeding has been
commenced by or against the Borrower or any other Grantor, subject to Section 5.6 and 6.2, (i) none of the Term Loan Agent, any Term Loan Secured Party, Notes Agent or any Notes Secured Party will (x) Exercise Any Secured Creditor Remedies
or seek to Exercise Any Secured Creditor Remedies (including setoff or recoupment) with respect to any ABL Priority Collateral, or institute any action or proceeding with respect to such rights or remedies (including any action of foreclosure), (y)
contest, protest or object to any foreclosure proceeding or action brought with respect to the ABL Priority Collateral by the ABL Agent or any ABL Secured Party in respect of the ABL Obligations, the exercise of any right by the ABL Agent or any ABL
Secured Party (or any agent or sub-agent on their behalf) in respect of the ABL Obligations, or any other exercise by any such party of any rights and remedies relating to the ABL Priority Collateral under the
ABL Loan Documents or otherwise in respect of ABL Obligations, or (z) object to the forbearance by the ABL Secured Parties from bringing or pursuing any foreclosure proceeding or action or any other Exercise of Any Secured Creditor Remedies
relating to the ABL Priority Collateral in respect of ABL Obligations and (ii) except as otherwise provided herein, the ABL Agent and the ABL Secured Parties shall have the exclusive right to enforce rights, exercise remedies (including setoff
and the right to credit bid their debt) and make determinations regarding the release, disposition or restrictions with respect to the ABL Priority Collateral without any consultation with or the consent of the Term Loan Agent, any Term Loan Secured
Party, the Notes Agent or any Notes Secured Party; provided, however, that (A) in any 

  
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Insolvency Proceeding commenced by or against the Borrower or any other Grantor, the Term Loan Agent may file a proof of claim or statement of interest with respect to the Term Loan Obligations
and the Notes Agent may file a proof of claim or statement of interest with respect to the Notes Obligations, and (B) the Term Loan Agent and the Notes Agent may take any action (not adverse to the Liens on the ABL Priority Collateral securing
the ABL Obligations, or the rights of the ABL Agent or the ABL Secured Parties to exercise remedies in respect thereof) in order to create, prove, perfect, preserve or protect (but not enforce) its rights in, and perfection and priority of its Lien
on, the ABL Priority Collateral; provided, further, that the Term Loan Agent or any Term Loan Lender may exercise any or all of such rights, powers, or remedies after a period of at least 180 days has elapsed since (1) a Term Loan Agent has
declared the existence of an “Event of Default” under the Term Loan Credit Agreement, accelerated (to the extent such amount was not already due and owing) the payment of the principal amount of all Term Loan Obligations and demanded
payment thereof and (2) the ABL Agent has received notice thereof from the Term Loan Agent; provided further, however, that neither the Term Loan Agent nor any other Term Loan Secured Party shall exercise any rights or
remedies with respect to the ABL Priority Collateral if, notwithstanding the expiration of such 180 day period, the ABL Agent or the other ABL Lenders (A) shall have commenced, whether before or after the expiration of such 180 day period and
be diligently pursuing the exercise of their rights, powers, or remedies with respect to all or any material portion of the ABL Priority Collateral (prompt written notice of such exercise to be given to the Term Loan Agent and the Notes Agent), or
(B) shall have been stayed by operation of law or any court order from pursuing any such exercise of remedies (including any “automatic stay” during an Insolvency Proceeding) (the period during which the Term Loan Agent and the Term
Loan Secured Parties may not pursuant to this Section 3.1(a)(ii) exercise any rights, powers or remedies with respect to the ABL Priority Collateral, the “Term Loan Standstill Period”); and provided further,
however, the Notes Agent or any the Notes Secured Party may exercise any or all of such rights, powers, or remedies after the Discharge of ABL Obligations and the Discharge of Term Loan Obligations, the “Notes Standstill Period for
ABL Priority Collateral”). In exercising rights and remedies with respect to the ABL Priority Collateral, the ABL Agent and the ABL Secured Parties may enforce the provisions of the ABL Loan Documents and exercise remedies thereunder, all
in such order and in such manner as they may determine in the exercise of their sole discretion consistent with the terms of the ABL Loan Documents and this Agreement. Such exercise and enforcement shall include the rights of an agent appointed by
them to sell or otherwise dispose of ABL Priority Collateral or other collateral upon foreclosure, to incur expenses in connection with such sale or disposition, and to exercise all the rights and remedies of a secured lender under the Uniform
Commercial Code or other applicable law and of a secured creditor under Debtor Relief Laws of any applicable jurisdiction. 

  
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	 	(b)	 So long as the Discharge of Term Loan Obligations has not occurred, whether or not any Insolvency Proceeding
has been commenced by or against the Borrower, or any other Grantor, subject to Section 5.6 and 6.2, (i) none of the ABL Agent, any ABL Secured Party, the Notes Agent or any Notes Secured Party will (x) Exercise Any Secured Creditor
Remedies or seek to Exercise Any Secured Creditor Remedies (including setoff or recoupment) with respect to any Term Loan Priority Collateral, or institute any action or proceeding with respect to such rights or remedies (including any action of
foreclosure but excluding any exercise of cash dominion), (y) contest, protest or object to any foreclosure proceeding or action brought with respect to the Term Loan Priority Collateral by the Term Loan Agent or any Term Loan Secured Party in
respect of the Term Loan Obligations, the exercise of any right by the Term Loan Agent or any Term Loan Secured Party (or any agent or sub-agent on their behalf) in respect of the Term Loan Obligations, or any
other exercise by any such party of any rights and remedies relating to the Term Loan Priority Collateral under the Term Loan Documents or otherwise in respect of Term Loan Obligations, or (z) object to the forbearance by the Term Loan Secured
Parties from bringing or pursuing any foreclosure proceeding or action or any other Exercise of Any Secured Creditor Remedies relating to the Term Loan Priority Collateral in respect of Term Loan Obligations and (ii) except as otherwise
provided herein, the Term Loan Agent and the Term Loan Secured Parties shall have the exclusive right to enforce rights, exercise remedies (including setoff and the right to credit bid their debt) and make determinations regarding the release,
disposition or restrictions with respect to the Term Loan Priority Collateral without any consultation with or the consent of the ABL Agent or any ABL Secured Party; provided, however, that (A) in any Insolvency Proceeding commenced by or
against the Borrower or any other Grantor, the ABL Agent may file a proof of claim or statement of interest with respect to the ABL Obligations and the Notes Agent may file a proof of claim or statement of interest with respect to the Notes
Obligations and (B) the ABL Agent and the Notes Agent may take any action (not adverse to the Liens on the Term Loan Priority Collateral securing the Term Loan Obligations, or the rights of the Term Loan Agent or the Term Loan Secured Parties
to exercise remedies in respect thereof) in order to create, prove, perfect, preserve or protect (but not enforce) its rights in, and perfection and priority of its Lien on, the Term Loan Priority Collateral; provided, further, that the ABL Agent or
any ABL Lender may exercise any or all of such rights, powers, or remedies after a period of a least 180 days has elapsed since (1) the ABL Agent has declared the existence of an “Event of Default” under the ABL Credit Agreement,
accelerated (to the extent such amount was not already due and owing) the payment of the principal amount of all ABL Obligations, and demanded payment thereof and (2) the Term Loan Agent has received notice thereof from the ABL Agent;
provided further, however, 

  
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that neither the ABL Agent nor any other ABL Lender shall exercise any rights or remedies with respect to the Term Loan Priority Collateral if, notwithstanding the expiration of such 180 day
period, the Term Loan Agent or the other Term Loan Lenders (A) shall have commenced, whether before or after the expiration of such 180 day period and be diligently pursuing the exercise of their rights, powers, or remedies with respect to all
or any material portion of the Term Loan Priority Collateral (prompt written notice of such exercise to be given to the ABL Agent), or (B) shall have been stayed by operation of law or any court order from pursuing any such exercise of remedies
(including any “automatic stay” during an Insolvency Proceeding) (the period during which the ABL Agent and the ABL Lenders may not pursuant to this Section 3.1(b)(ii) exercise any rights, powers or remedies with respect to the Term
Loan Priority Collateral, the “ABL Standstill Period”); provided further, however, the Notes Agent or any Notes Secured Party may exercise any or all of such rights, powers, or remedies after the occurrence of
the Discharge of ABL Obligations and the Discharge of Term Loan Obligations, the “Notes Standstill Period for Term Priority Collateral”). In exercising rights and remedies with respect to the Term Loan Priority Collateral, the Term
Loan Agent and the Term Loan Secured Parties may enforce the provisions of the Term Loan Documents and exercise remedies thereunder, all in such order and in such manner as they may determine in the exercise of their sole discretion consistent with
the terms of the Term Loan Documents. Such exercise and enforcement shall include the rights of an agent appointed by them to sell or otherwise dispose of Term Loan Priority Collateral or other collateral upon foreclosure, to incur expenses in
connection with such sale or disposition, and to exercise all the rights and remedies of a secured lender under the Uniform Commercial Code or other applicable law and of a secured creditor under Debtor Relief Laws of any applicable jurisdiction.

  

	 	(c)	 So long as the Discharge of ABL Obligations has not occurred, the Term Loan Agent, on behalf of itself and each
applicable Term Loan Secured Party, agrees that it will not take or receive any ABL Priority Collateral or any proceeds of ABL Priority Collateral in connection with the exercise of any right or remedy (including setoff or recoupment) with respect
to any ABL Priority Collateral or otherwise. Without limiting the generality of the foregoing, unless and until the Discharge of ABL Obligations has occurred, except as expressly provided in the provisos in clause (ii) of Section 3.1(a),
the sole right of the Term Loan Agent and the Term Loan Secured Parties with respect to the ABL Priority Collateral is to hold a Lien on the ABL Priority Collateral pursuant to the Term Loan Documents for the period and to the extent granted therein
and to receive a share of the proceeds thereof, if any, after the Discharge of ABL Obligations has occurred. So long as the Discharge of ABL Obligations and the Discharge of Term Loan Obligations has not occurred, the Notes Agent, on behalf of
itself and each applicable Notes Secured Party, agrees that it will not take or receive any ABL Priority Collateral or any proceeds of ABL Priority Collateral in connection with the

  
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exercise of any right or remedy (including setoff or recoupment) with respect to any ABL Priority Collateral or otherwise. Without limiting the generality of the foregoing, unless and until the
Discharge of ABL Obligations and the Discharge of Term Loan Obligations has occurred, the sole right of the Notes Agent and the Notes Secured Parties with respect to the ABL Priority Collateral is to hold a Lien on the ABL Priority Collateral
pursuant to the Notes Documents for the period and to the extent granted therein and to receive a share of the proceeds thereof, if any, after the Discharge of ABL Obligations and the Discharge of Term Loan Obligations have occurred. So long as the
Discharge of Term Loan Obligations has not occurred, the ABL Agent, on behalf of itself and each ABL Secured Party, agrees that it will not take or receive any Term Loan Priority Collateral or any proceeds of Term Loan Priority Collateral in
connection with the exercise of any right or remedy (including setoff or recoupment) with respect to any Term Loan Priority Collateral or otherwise. Without limiting the generality of the foregoing, unless and until the Discharge of Term Loan
Obligations has occurred, except as expressly provided in the provisos in clause (ii) of Section 3.1(b), the sole right of the ABL Agent and the ABL Secured Parties with respect to the Term Loan Priority Collateral is to hold a Lien on the
Term Loan Priority Collateral pursuant to the ABL Loan Documents for the period and to the extent granted therein and to receive a share of the proceeds thereof, if any, after the Discharge of Term Loan Obligations has occurred. So long as the
Discharge of Term Loan Obligations and the Discharge of ABL Obligations has not occurred, the Notes Agent, on behalf of itself and each Notes Secured Party, agrees that it will not take or receive any Term Loan Priority Collateral or any proceeds of
Term Loan Priority Collateral in connection with the exercise of any right or remedy (including setoff or recoupment) with respect to any Term Loan Priority Collateral or otherwise. Without limiting the generality of the foregoing, unless and until
the Discharge of Term Loan Obligations and the Discharge of ABL Obligations have occurred, the sole right of the Notes Agent and the Notes Secured Parties with respect to the Term Loan Priority Collateral is to hold a Lien on the Term Loan Priority
Collateral pursuant to the Notes Documents for the period and to the extent granted therein and to receive a share of the proceeds thereof, if any, after the Discharge of Term Loan Obligations and the Discharge of ABL Obligations have occurred.

 Subject to the provisos in clause (ii) of Section 3.1(a) above and Section 5.6 and 6.2, (i) the Term Loan Agent, for itself
and on behalf of each applicable Term Loan Secured Party, agrees that the Term Loan Agent and the Term Loan Secured Parties will not take any action that would hinder any Exercise of Any Secured Creditor Remedies undertaken by the ABL Agent or the
ABL Secured Parties with respect to the ABL Priority Collateral under the ABL Loan Documents, including any sale, lease, exchange, transfer or other disposition of the ABL Priority Collateral, whether by foreclosure or otherwise, and (ii) the
Term Loan Agent, for itself and on behalf of each applicable Term Loan Secured Party, hereby waives any and all rights it or any such Term Loan Secured Party may have as a junior lien creditor or otherwise with respect to the ABL Priority Collateral
to object to the manner in which the ABL Agent or the ABL Secured Parties seek to enforce or collect the 

  
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ABL Obligations with respect to the ABL Priority Collateral or the Liens granted in any of the ABL Priority Collateral, regardless of whether any action or failure to act by or on behalf of the
ABL Agent or ABL Secured Parties is adverse to the interests of the Term Loan Secured Parties in the ABL Priority Collateral. Subject to the provisos in clause (ii) of Section 3.1(b) above and Section 5.6 and 6.2, (i) the ABL Agent,
for itself and on behalf of each ABL Secured Party, agrees that the ABL Agent and the ABL Secured Parties will not take any action that would hinder any Exercise of Any Secured Creditor Remedies undertaken by the Term Loan Agent or the Term Loan
Secured Parties with respect to the Term Loan Priority Collateral under the Term Loan Documents, including any sale, lease, exchange, transfer or other disposition of the Term Loan Priority Collateral, whether by foreclosure or otherwise, and
(ii) the ABL Agent, for itself and on behalf of each ABL Secured Party, hereby waives any and all rights it or any ABL Secured Party may have as a junior lien creditor or otherwise with respect to the Term Loan Priority Collateral to object to
the manner in which the Term Loan Agent or the Term Loan Secured Parties seek to enforce or collect the Term Loan Obligations with respect to the Term Loan Priority Collateral or the Liens granted in any of the Term Loan Priority Collateral,
regardless of whether any action or failure to act by or on behalf of the Term Loan Agent or Term Loan Secured Parties is adverse to the interests of the ABL Secured Parties in the Term Loan Priority Collateral. The Notes Agent, for itself and on
behalf of each applicable Notes Secured Party, agrees that the Notes Agent and the Notes Secured Parties will not take any action that would hinder any Exercise of Any Secured Creditor Remedies undertaken by the ABL Agent or the ABL Secured Parties
with respect to the ABL Collateral or the Term Loan Priority Collateral under the ABL Loan Documents, or undertaken by the Term Loan Agent or the Term Loan Secured Parties with respect to the Term Loan Priority Collateral or ABL Priority Collateral
under the Term Loan Documents including any sale, lease, exchange, transfer or other disposition of the Term Loan Collateral, whether by foreclosure or otherwise, and (ii) the Notes Agent, for itself and on behalf of each other Notes Secured
Party, hereby waives any and all rights it or any other Notes Secured Party may have as a junior lien creditor or otherwise with respect to the ABL Collateral to object to the manner in which the ABL Agent, the other ABL Secured Parties, the Term
Loan Agent or the Term Loan Secured Parties seek to enforce or collect the ABL Obligations or the Term Loan Obligations (as applicable) with respect to the ABL Collateral or the Liens granted in any of the ABL Collateral, regardless of whether any
action or failure to act by or on behalf of the ABL Agent, the other ABL Secured Parties, Term Loan Agent or the other Term Loan Secured Parties is adverse to the interests of the Notes Secured Parties in the ABL Collateral, and (iii) the Notes
Agent, for itself and on behalf of each other Notes Secured Parties, hereby waives any and all rights it or any such Note Secured Party may have as a junior lien creditor or otherwise with respect to the Term Loan Collateral to object to the manner
in which the Term Loan Agent, the other Term Loan Secured Parties, the ABL Agent or the other ABL Secured Parties seek to enforce or collect the Term Loan Obligations or the ABL Obligations (as applicable) with respect to the Term Loan Collateral or
the Liens granted in any of the Term Loan Collateral, regardless of whether any action or failure to act by or on behalf of the Term Loan Agent or Term Loan Secured Parties is adverse to the interests of the Notes Secured Parties in the Term Loan
Collateral. 
  

	 	(d)	 The Term Loan Agent hereby acknowledges and agrees that no covenant, agreement or restriction contained in any
Term Loan Document shall be deemed to restrict in any way the rights and remedies of the ABL Agent or the ABL Secured Parties with respect to the ABL Priority Collateral as set forth in this Agreement and the ABL Loan Documents. The ABL Agent

  
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hereby acknowledges and agrees that no covenant, agreement or restriction contained in any ABL Loan Document shall be deemed to restrict in any way the rights and remedies of the Term Loan Agent
or the Term Loan Secured Parties with respect to the Term Loan Priority Collateral as set forth in this Agreement and the Term Loan Documents. The Notes Agent and each Notes Secured Party hereby acknowledges and agrees that no covenant, agreement or
restriction contained in any Notes Document shall be deemed to restrict in any way the rights and remedies of the ABL Agent, any other ABL Secured Parties, the Term Loan Agent or any other Term Loan Secured Parties with respect to the Common
Collateral, including the ABL Priority Collateral and the Term Loan Priority Collateral as set forth in this Agreement and the Notes Documents. 

3.2    Actions Upon Breach. 
  

	 	(a)	 If any Term Loan Secured Party, in contravention of the terms of this Agreement, in any way takes or attempts
or threatens to take any action with respect to the ABL Priority Collateral (including any attempt to realize upon or enforce any remedy with respect to this Agreement except as provided in the provisos to Section 3.1(a)(ii)), this Agreement
shall create an irrebuttable presumption and admission by such Term Loan Secured Party that relief against such Term Loan Secured Party by injunction, specific performance and/or other appropriate equitable relief is necessary to prevent irreparable
harm to the ABL Secured Parties, it being understood and agreed by the Term Loan Agent on behalf of each applicable Term Loan Secured Party that (i) the ABL Secured Parties’ damages from its actions may at that time be difficult to
ascertain and may be irreparable, and (ii) each Term Loan Secured Party waives any defense that the Grantors and/or the ABL Secured Parties cannot demonstrate damage and/or be made whole by the awarding of damages. 

 

	 	(b)	 If any ABL Secured Party, in contravention of the terms of this Agreement, in any way takes or attempts or
threatens to take any action with respect to the Term Loan Priority Collateral (including any attempt to realize upon or enforce any remedy with respect to this Agreement except as provided in the provisos to Section 3.1(b)(ii)), this Agreement
shall create an irrebuttable presumption and admission by such ABL Secured Party that relief against such ABL Secured Party by injunction, specific performance and/or other appropriate equitable relief is necessary to prevent irreparable harm to the
Term Loan Secured Parties, it being understood and agreed by the ABL Agent on behalf of each ABL Secured Party that (i) the applicable Term Loan Secured Parties’ damages from its actions may at that time be difficult to ascertain and may
be irreparable, and (ii) each ABL Secured Party waives any defense that the Grantors and/or the Term Loan Secured Parties cannot demonstrate damage and/or be made whole by the awarding of damages. 

  
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	 	(c)	 If any Notes Secured Party, in contravention of the terms of this Agreement, in any way takes or attempts or
threatens to take any action with respect to the ABL Collateral or the Term Loan Collateral (including any attempt to realize upon or enforce any remedy with respect to this Agreement except as provided in the provisos to Section 3.1(a)(ii) and
to Section 3.1(b)(ii)), this Agreement shall create an irrebuttable presumption and admission by such Notes Secured Party that relief against such Notes Secured Party by injunction, specific performance and/or other appropriate equitable relief
is necessary to prevent irreparable harm to the ABL Secured Parties and the Term Loan Secured Parties, it being understood and agreed by the Notes Agent on behalf of each Notes Secured Party that (i) the applicable ABL Secured Parties’ and
the applicable Term Loan Secured Parties’ damages from its actions may at that time be difficult to ascertain and may be irreparable, and (ii) the Notes Agent and each Notes Secured Party waives any defense that the Grantors, the ABL
Secured Parties or the Term Loan Secured Parties cannot demonstrate damage and/or be made whole by the awarding of damages. 

SECTION 4    PAYMENTS. 

4.1    Revolving Nature of ABL Obligations. The Term Loan Agent on behalf of itself and the Term Loan Lenders, and
the Notes Agent on behalf of itself and the Notes Secured Parties, each expressly acknowledge and agree that (i) the ABL Credit Agreement includes a revolving commitment, that in the ordinary course of business the ABL Agent and the ABL Lenders
will apply payments and make advances thereunder, and that no application of any ABL Priority Collateral or the release of any Lien by the ABL Agent upon any portion of the ABL Priority Collateral in connection with a permitted disposition by the
Grantors under the ABL Credit Agreement and the Term Loan Credit Agreement shall constitute the Exercise of Any Secured Creditor Remedies under this Agreement; (ii) the amount of the ABL Obligations that may be outstanding at any time or from
time to time may be increased or reduced and subsequently reborrowed, and that subject to Sections 5.3 and 9.3, the terms of the ABL Obligations may be modified, extended or amended from time to time, and that the aggregate amount of the ABL
Obligations may be increased, replaced or refinanced, in each event, without notice to or consent by the Term Loan Secured Parties or the Notes Secured Parties and without affecting the provisions hereof; and (iii) all ABL Priority Collateral
or the proceeds thereof received by the ABL Agent may be applied, reversed, reapplied, credited or reborrowed, in whole or in part, to the ABL Obligations at any time in accordance with the provisions of this Agreement; provided,
however, that from and after the date on which the ABL Agent (or any ABL Lender) commences the Exercise of Any Secured Creditor Remedies or the date on which an Insolvency Proceeding commences, all ABL Priority Collateral and the proceeds
thereof received by the ABL Agent or any ABL Lender shall, except as otherwise provided in Section 6, shall be applied as specified in this Section 4. The Lien Priority shall not be altered or otherwise affected by any such amendment,
modification, supplement, extension, repayment, reborrowing, increase, replacement, renewal, restatement or refinancing of either the ABL Obligations, the Term Loan Obligations, or the Notes Obligations, or any portion thereof. 

  
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 4.2    Application of Proceeds of ABL Priority Collateral. The
ABL Agent, the Term Loan Agent and the Notes Agent each hereby agree that all ABL Priority Collateral and the proceeds thereof, including (x) whatever is recoverable or recovered when any ABL Priority Collateral is sold, exchanged, collected,
or disposed of, whether voluntarily or involuntarily, including any additional or replacement ABL Priority Collateral provided during any Insolvency Proceeding and any payment or property received during an Insolvency Proceeding on account of, or
from, ABL Priority Collateral, an interest in the ABL Priority Collateral or the value of any ABL Priority Collateral and (y) any distribution received in respect of any of the foregoing or in respect of any Lien on any ABL Priority Collateral
or any “secured claim” within the meaning of section 506(a) of the Bankruptcy Code to the extent such claim is secured by ABL Priority Collateral, in each case, received by either of them from the Exercise of Any Secured Creditor Remedies,
or in connection with any Insolvency Proceeding (including for this purpose, any sale, transfer or other disposition of all or any portion of the ABL Priority Collateral by a Grantor with the consent of the ABL Agent at any time that an Event of
Default under the ABL Credit Agreement has occurred and is continuing), shall, except as otherwise expressly provided in Section 6.10, shall be applied: 
  

	 	(a)	 first, to the payment of the ABL Obligations in accordance with the ABL Loan Documents until a Discharge
of ABL Obligations has occurred; 

  

	 	(b)	 second, to the payment of the Term Loan Obligations in accordance with the Term Loan Documents until a
Discharge of Term Loan Obligations has occurred; 

  

	 	(c)	 third, to the payment of the Notes Obligations in accordance with the Notes Documents until a Discharge
of Notes Obligations has occurred; and 

  

	 	(d)	 fourth, the balance, if any, to the Grantors or to whosoever may be lawfully entitled to receive the
same or as a court of competent jurisdiction may direct. 

 4.3    Application of Proceeds of Term
Loan Priority Collateral. The ABL Agent, the Term Loan Agent and the Notes Agent each hereby agree that all Term Loan Priority Collateral and proceeds thereof, including (x) whatever is recoverable or recovered when any Term Loan Priority
Collateral is sold, exchanged, collected, or disposed of, whether voluntarily or involuntarily, including any additional or replacement Term Loan Priority Collateral provided during any Insolvency Proceeding and any payment or property received
during an Insolvency Proceeding on account of, or from, Term Loan Priority Collateral, an interest in the Term Loan Priority Collateral or the value of any Term Loan Priority Collateral and (y) any distribution received in respect of any of the
foregoing or in respect of any Lien on any Term Loan Priority Collateral or any “secured claim” within the meaning of section 506(a) of the Bankruptcy Code to the extent such claim is secured by Term Loan Priority Collateral, in each case
received by either of them from the Exercise of Any Secured Creditor Remedies, or in connection with any Insolvency Proceeding (including for this purpose, any sale, transfer or other disposition of all or any portion of the Term Loan Priority
Collateral by a Grantor with the consent of the Term Loan Agent at any time that an Event of Default under the Term Loan Credit Agreement has occurred and is continuing), shall, except as otherwise expressly provided in Section 6.10, shall be
applied: 
  

	 	(a)	 first, to the payment of the Term Loan Obligations in accordance with the Term Loan Documents until a
Discharge of Term Loan Obligations has occurred; 

  
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	 	(b)	 second, to the payment of the ABL Obligations in accordance with the ABL Loan Documents until a
Discharge of ABL Obligations has occurred; 

  

	 	(c)	 third, to the payment of the Notes Obligations in accordance with the Notes Documents until a Discharge
of Notes Obligations has occurred; and 

  

	 	(d)	 fourth, the balance, if any, to the Grantors or to whosoever may be lawfully entitled to receive the
same or as a court of competent jurisdiction may direct. 

 4.4    Payments Over. 

 

	 	(a)	 ABL Priority Collateral: 

 

	 	(i)	 Prior to the Discharge of ABL Obligations, any ABL Priority Collateral or proceeds thereof including
(x) whatever is recoverable or recovered when any ABL Priority Collateral is sold, exchanged, collected, or disposed of, whether voluntarily or involuntarily (including any additional or replacement ABL Priority Collateral provided during any
Insolvency Proceeding and any payment or property received during an Insolvency Proceeding or otherwise) on account of, or from, ABL Priority Collateral, an interest in the ABL Priority Collateral or the value of any ABL Priority Collateral and
(y) any distribution received in respect of any of the foregoing or in respect of any Lien on any ABL Priority Collateral or any “secured claim” within the meaning of section 506(a) of the Bankruptcy Code to the extent such claim is
secured by ABL Priority Collateral, received by the Term Loan Agent, any Term Loan Secured Party, the Notes Agent or any Notes Secured Party in connection with the Exercise of Any Secured Creditor Remedy relating to the ABL Priority Collateral or
otherwise (including as a result of misdirected proceeds) shall be segregated and held in trust for the benefit of and forthwith paid over to the ABL Agent (and/or its designees) for the benefit of the ABL Secured Parties in the same form as
received, with any necessary endorsements or as a court of competent jurisdiction may otherwise direct. The ABL Agent is hereby authorized to make any such endorsements as agent for the Term Loan Agent, any such Term Loan Secured Party, the Notes
Agent or any such Notes Secured Party. This authorization is coupled with an interest and is irrevocable. 

(ii)    On and after the occurrence of the Discharge of ABL Obligations, any ABL Priority Collateral or
proceeds thereof including (x) whatever is recoverable or recovered 

  
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when any ABL Priority Collateral is sold, exchanged, collected, or disposed of, whether voluntarily or involuntarily (including any additional or replacement ABL Priority Collateral provided
during any Insolvency Proceeding and any payment or property received during an Insolvency Proceeding or otherwise) on account of, or from, ABL Priority Collateral, an interest in the ABL Priority Collateral or the value of any ABL Priority
Collateral and (y) any distribution received in respect of any of the foregoing or in respect of any Lien on any ABL Priority Collateral or any “secured claim” within the meaning of section 506(a) of the Bankruptcy Code to the extent
such claim is secured by ABL Priority Collateral, received by the Notes Agent or any Notes Secured Party in connection with the Exercise of Any Secured Creditor Remedy relating to the ABL Priority Collateral or otherwise (including as a result of
misdirected proceeds) shall be segregated and held in trust for the benefit of and forthwith paid over to the Term Loan Agent (and/or its designees) for the benefit of the Term Loan Secured Parties in the same form as received, with any necessary
endorsements or as a court of competent jurisdiction may otherwise direct. The Term Loan Agent is hereby authorized to make any such endorsements as agent for the Notes Agent or any such Notes Secured Party. This authorization is coupled with an
interest and is irrevocable. 
  

	 	(b)	 Term Loan Priority Collateral. 

 

	 	(i)	 Prior to the Discharge of Term Loan Obligations, any Term Loan Priority Collateral or proceeds thereof
including (x) whatever is recoverable or recovered when any Term Loan Priority Collateral is sold, exchanged, collected, or disposed of, whether voluntarily or involuntarily (including any additional or replacement Term Loan Priority Collateral
provided during any Insolvency Proceeding and any payment or property received during an Insolvency Proceeding or otherwise) on account of, or from, Term Loan Priority Collateral, an interest in the Term Loan Priority Collateral or the value of any
Term Loan Priority Collateral and (y) any distribution received in respect of any of the foregoing or in respect of any Lien on any Term Loan Priority Collateral or any “secured claim” within the meaning of section 506(a) of the
Bankruptcy Code to the extent such claim is secured by Term Loan Priority Collateral, received by the ABL Agent, any ABL Secured Party, the Notes Agent, or any Notes Secured Party in connection with the Exercise of Any Secured Creditor Remedy
relating to the Term Loan Priority Collateral or otherwise (including as a result of misdirected proceeds) shall be segregated and held in trust for the benefit of and forthwith paid over to the Term Loan Agent (and/or its designees) for the benefit
of the Term Loan Secured Parties in the same form as received, with any necessary endorsements or as a court of competent jurisdiction may otherwise direct. The Term Loan Agent is hereby authorized to make any such endorsements as agent for the ABL
Agent, any such ABL Secured Party, the Notes Agent or any Notes Secured Party. This authorization is coupled with an interest and is irrevocable. 

  
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 (ii)    On and after the occurrence of the Discharge of Term Loan
Obligations, any Term Loan Priority Collateral or proceeds thereof including (x) whatever is recoverable or recovered when any Term Loan Priority Collateral is sold, exchanged, collected, or disposed of, whether voluntarily or involuntarily
(including any additional or replacement Term Loan Priority Collateral provided during any Insolvency Proceeding and any payment or property received during an Insolvency Proceeding or otherwise) on account of, or from, Term Loan Priority
Collateral, an interest in the Term Loan Priority Collateral or the value of any Term Loan Priority Collateral and (y) any distribution received in respect of any of the foregoing or in respect of any Lien on any Term Loan Priority Collateral
or any “secured claim” within the meaning of section 506(a) of the Bankruptcy Code to the extent such claim is secured by Term Loan Priority Collateral, received by the Notes Agent, or any Notes Secured Party in connection with the
Exercise of Any Secured Creditor Remedy relating to the Term Loan Priority Collateral or otherwise (including as a result of misdirected proceeds) shall be segregated and held in trust for the benefit of and forthwith paid over to the ABL Agent
(and/or its designees) for the benefit of the ABL Secured Parties in the same form as received, with any necessary endorsements or as a court of competent jurisdiction may otherwise direct. The ABL Agent is hereby authorized to make any such
endorsements as agent for the Notes Agent or any Notes Secured Party. This authorization is coupled with an interest and is irrevocable. 
  

	 	(c)	 Common Collateral. Prior to the Discharge of Term Loan Obligations and the Discharge of ABL Obligations,
any Common Collateral or proceeds thereof including (subject to the provisions of and priorities set forth in this Agreement, including the foregoing clauses (a) and (b) of this Section 4.4), (x) whatever is recoverable or recovered when
any Common Collateral is sold, exchanged, collected, or disposed of, whether voluntarily or involuntarily (including any additional or replacement Common Collateral provided during any Insolvency Proceeding and any payment or property received
during an Insolvency Proceeding or otherwise) on account of, or from, Common Collateral, an interest in the Common Collateral or the value of any Common Collateral and (y) any distribution received in respect of any of the foregoing or in
respect of any Lien on any Common Collateral or any “secured claim” within the meaning of section 506(a) of the Bankruptcy Code to the extent such claim is secured by Common Collateral, received by the Notes Agent or any Notes Secured
Party in connection with the Exercise of Any Secured Creditor Remedy relating to the Common Collateral or otherwise (including as a result of misdirected proceeds) shall be segregated and held in trust for the benefit of and forthwith paid over to
the Term Loan Agent (and/or its designees) for the benefit of the Term Loan Secured Parties or the ABL Agent (and/or its designees) for the benefit of the ABL Secured Parties, as applicable, in the same form as received, with any necessary
endorsements or as a court of competent jurisdiction may otherwise direct. The First Priority Agent is hereby authorized to make any such endorsements as agent for the Notes Agent or any Notes Secured Party. This authorization is coupled with an
interest and is irrevocable. 

  
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	 	(d)	 Notice. Promptly upon the Discharge of ABL Obligations, the ABL Agent shall deliver written notice
confirming the same to the Term Loan Agent and the Notes Agent; provided that the failure to give any such notice shall not result in any liability of the ABL Agent or the ABL Secured Parties hereunder or in the modification, alteration, impairment,
or waiver of the rights of any party hereunder. Promptly upon the Discharge of Term Loan Obligations, the Term Loan Agent shall deliver written notice confirming the same to the ABL Agent and the Notes Agent; provided that the failure to give any
such notice shall not result in any liability of the Term Loan Agent or the Term Loan Secured Parties hereunder or in the modification, alteration, impairment, or waiver of the rights of any party hereunder. Promptly upon the Discharge of Notes
Obligations, the Notes Agent shall deliver written notice confirming the same to the Term Loan Agent and the ABL Agent; provided that the failure to give any such notice shall not result in any liability of the Notes Agent or the Notes Secured
Parties hereunder or in the modification, alteration, impairment, or waiver of the rights of any party hereunder. 

  

	 	(e)	 Until such time as the Discharge of ABL Obligations and Discharge of Term Loan Obligations has occurred, if in
any Insolvency or Liquidation Proceeding the Notes Agent or any other Notes Secured Party shall receive any distribution of money or other property (including as recovery for such Notes Agent or Notes Secured Party’s deficiency claim or any
other claims), such money or other property shall be segregated and held in trust and forthwith paid over to the First Priority Agent or the Second Priority Agent (as applicable) for the benefit of the ABL Secured Parties and the Term Loan Secured
Parties in the same form as received, with any necessary endorsements. Any Lien received by the Notes Agent or any Notes Secured Parties in any Insolvency or Liquidation Proceeding shall be subject to the terms of this Agreement.

 SECTION 5    OTHER AGREEMENTS. 

5.1    Releases. 
  

	 	(a)	 If, at any time any Grantor or the holder of any ABL Obligations delivers notice to the Term Loan Agent or
Notes Agent, or after the Discharge of ABL Obligations, the holder of any Term Loan Obligations delivers notice to the Notes Agent, that any ABL Priority Collateral is sold, transferred or otherwise disposed of (including for such purpose, in the
case of the sale of Equity Interest of any Subsidiary, any ABL Priority Collateral held by such Subsidiary or any direct or indirect Subsidiary thereof) or any other release of ABL Priority Collateral has occurred in accordance with the provisions
of the ABL Credit Agreement or, after the Discharge of ABL Obligations, the Term Loan Credit Agreement: 

  

	 	(i)	 in a transaction permitted under the ABL Credit Agreement and the Term Loan Credit Agreement; or

  
 Page 32 

	 	(ii)	 during the existence of any Event of Default under (and as defined in, as in effect on the date hereof) the ABL
Credit Agreement by the owner of such ABL Priority Collateral (to the extent the ABL Agent has consented to such sale, transfer or disposition) or by the ABL Agent in connection with the Exercise of Any Secured Creditor Remedies or, after the
Discharge of ABL Obligations, during the existence of any Event of Default under (and as defined in, as in effect on the date hereof) the Term Loan Credit Agreement by the owner of such ABL Priority Collateral (to the extent the Term Loan Agent has
consented to such sale, transfer or disposition) or by the Term Loan Agent in connection with the Exercise of Any Secured Creditor Remedies; 

then (whether or not any Insolvency Proceeding is pending at the time) the Liens in favor of the Term Loan Secured Parties and the Notes Secured Parties upon
such ABL Priority Collateral will automatically be released and discharged as and when, but only to the extent, such Liens on such ABL Priority Collateral securing ABL Obligations (and, as applicable, the guarantee granted by any Term Loan Guarantor
or Notes Party that, as a result of such sale, transfer or other disposition is no longer a Subsidiary of Holdings) are released and discharged; provided that the proceeds of such sale, transfer or other disposition shall be applied as specified in
the ABL Credit Agreement or, after the Discharge of ABL Obligations, the Term Loan Credit Agreement; provided, further, that if the Exercise of Any Secured Creditor Remedies has occurred in respect of any ABL Obligations such proceeds shall be
applied in accordance with Section 4 hereof. Upon delivery to the Term Loan Agent and the Notes Agent of a notice from the ABL Agent stating that any release or discharge of Liens by the ABL Agent or, after the Discharge of ABL Obligations, the
Term Loan Agent securing or supporting the ABL Obligations or, after the Discharge of ABL Obligations, the Term Loan Obligations on any ABL Priority Collateral has become effective (or shall become effective upon the Term Loan Agent’s and Notes
Agent’s release), the Term Loan Agent and the Notes Agent will each promptly execute, file and deliver such instruments, releases, termination statements, discharges or other documents (including UCC-3
termination statements, or discharges or registration, mortgage releases, and termination of USPTO and copyright filings) confirming such release or discharge or non-crystallization on customary terms at the
expense of the Borrower. 
 The Term Loan Agent, for itself and on behalf of each applicable Term Loan Secured Party, hereby irrevocably
constitutes and appoints (which appointment being coupled with an interest) the ABL Agent and any officer or agent of the ABL Agent, 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 Term Loan Agent or such Term Loan Secured Party (as applicable) or in the ABL Agent’s own name, from time to time
in the ABL Agent’s discretion, for the purpose of carrying out the terms of this Section 5.1(a), to take any and all appropriate action and to execute any and all documents and instruments and make filings that may be necessary or
desirable to accomplish the purposes of this Section 5.1(a), including filing any termination statements, discharges or registrations, endorsements or other instruments of transfer, discharge or release; provided that the

  
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ABL Agent shall not exercise such power of attorney unless the Term Loan Agent have failed to comply with their obligations under this Section 5.1(a) within two Business Days after demand by
the ABL Agent. 
 The Notes Agent, for itself and on behalf of each applicable Notes Secured Party, hereby irrevocably constitutes and
appoints (which appointment being coupled with an interest) the ABL Agent and any officer or agent of the ABL Agent and, after the Discharge of ABL Obligations, the Term Loan Agent and any officer or agent of the Term Loan Agent, 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 Notes Agent or such Notes Secured Party
(as applicable) or in the ABL Agent’s or, after the Discharge of ABL Obligations, Term Loan Agent’s own name, from time to time in the ABL Agent’s or, after the Discharge of ABL Obligations, the Term Loan Agent’s discretion, for
the purpose of carrying out the terms of this Section 5.1(a), to take any and all appropriate action and to execute any and all documents and instruments and make filings that may be necessary or desirable to accomplish the purposes of this
Section 5.1(a), including filing any termination statements, discharges or registrations, endorsements or other instruments of transfer, discharge or release; provided that the ABL Agent or the Term Loan Agent (as applicable) shall not exercise
such power of attorney unless the Notes Agent has failed to comply with their obligations under this Section 5.1(a) within two Business Days after demand by the ABL Agent or the Term Loan Agent (as applicable). 

 

	 	(b)	 If, at any time any Grantor or the holder of any Term Loan Obligation delivers notice to the ABL Agent or the
Notes Agent, or after the Discharge of Term Loan Obligations, the holder of ABL Obligations, that any specified Term Loan Priority Collateral (including all or substantially all of the Equity Interest of a Grantor or any of its Subsidiaries)
(including for such purpose, in the case of the sale of Equity Interest of any Subsidiary, any Term Loan Priority Collateral held by such Subsidiary or any direct or indirect Subsidiary thereof) is sold, transferred or otherwise disposed of or any
other release of Term Loan Priority Collateral has occurred in accordance with the provisions of the Term Loan Credit Agreement: 

  

	 	(i)	 in a transaction permitted under the Term Loan Credit Agreement and the ABL Credit Agreement; or

  

	 	(ii)	 during the existence of any Event of Default under (and as defined in, as in effect on the date hereof) the
Term Loan Credit Agreement by the owner of such Term Loan Priority Collateral (to the extent the Term Loan Agent has consented to such sale, transfer or disposition) or by the Term Loan Agent in connection with the Exercise of Any Secured Creditor
Remedies or, after the Discharge of Term Loan Obligations, during the existence of any Event of Default under (and as defined in, as in effect on the date hereof) the ABL Credit Agreement by the owner of such Term Loan Priority Collateral (to the
extent the ABL Agent has consented to such sale, transfer or disposition) or by the ABL Agent in connection with the Exercise of Any Secured Creditor Remedies; 

  
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 then (whether or not any Insolvency Proceeding is pending at the time) the Liens in favor of the ABL Secured
Parties and the Notes Secured Parties upon such Term Loan Priority Collateral will automatically be released and discharged as and when, but only to the extent, such Liens on such Term Loan Priority Collateral securing Term Loan Obligations (and, as
applicable, the guarantee granted by any ABL Guarantor or any Notes Party that, as a result of such sale, transfer or other disposition is no longer a Subsidiary of Holdings) are released and discharged; provided that the proceeds of such sale,
transfer or other disposition shall be applied as specified in the Term Loan Credit Agreement or, after the Discharge of Term Loan Obligations, the ABL Credit Agreement; provided, further, that, if the Exercise of Any Secured Creditor Remedies has
occurred in respect of any Term Loan Obligations or, after the Discharge of Term Loan Obligations, the ABL Obligations, such proceeds shall be applied in accordance with Section 4 hereof. Upon delivery to the ABL Agent and the Notes Agent of a
notice from the Term Loan Agent, or after the Discharge of Term Loan Obligations, the ABL Agent, stating that any release or discharge of Liens by the Term Loan Agent or the ABL Agent (as applicable) securing or supporting the Term Loan Obligations
or, after the Discharge of Term Loan Obligations, the ABL Obligations on any Term Loan Priority Collateral has become effective (or shall become effective upon the ABL Agent’s and Notes Agent’s release), the ABL Agent and the Notes Agent
will each promptly execute, file and deliver such instruments, discharges, releases, termination statements, debt assignments or transfers or other documents (including UCC-3 termination statements, or
discharges or registration, mortgage releases, and termination of USPTO and copyright filings) confirming such release or discharge or non-crystallization on customary terms at the expense of the Borrower.

 The ABL Agent, for itself and on behalf of each ABL Secured Party, hereby irrevocably constitutes and appoints (which appointment being
coupled with an interest) the Term Loan Agent and any office or agent of the Term Loan Agent, 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 the ABL Agent or such ABL Secured Party (as applicable) or in the Term Loan Agent’s own name, from time to time in the Term Loan Agent’s discretion, for the purpose of
carrying out the terms of this Section 5.1(b), to take any and all appropriate action and to execute any and all documents and instruments and make any filings that may be necessary or desirable to accomplish the purposes of this
Section 5.1(b), including filing any termination statements, discharges or registrations, endorsements or other instruments of transfer, discharge or release; provided that the Term Loan Agent shall not exercise such power of attorney unless
the ABL Agent has failed to comply with its obligations under this Section 5.1(b) within two Business Days after demand by the Term Loan Agent. 

The Notes Agent, for itself and on behalf of each Notes Secured Party, hereby irrevocably constitutes and appoints (which appointment being
coupled with an interest) the Term Loan Agent and any office or agent of the Term Loan Agent, and after the Discharge of Term Loan Obligations, the ABL Agent, 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 the Notes Agent or such Notes Secured Party (as applicable) or in the Term Loan Agent’s, or after the Discharge of
Term Loan Obligations, the ABL Agent’s own name, from time to time in the Term Loan Agent’s, or after the Discharge of Term Loan Obligation the ABL Agent’s discretion, for the purpose of carrying out the terms of this
Section 5.1(b), to take any and all appropriate action and to execute any and all documents and instruments and make any filings that may be necessary or desirable to accomplish the purposes of this Section 5.1(b), including filing any
termination statements, discharges or 

  
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registrations, endorsements or other instruments of transfer, discharge or release; provided that the Term Loan Agent, or after the Discharge of Term Loan Obligations, the ABL Agent, shall not
exercise such power of attorney unless the Notes Agent has failed to comply with its obligations under this Section 5.1(b) within two Business Days after demand by the Term Loan Agent, or after the Discharge of Term Loan Obligation, the ABL
Notes Agent. 
  

	 	(c)	 Unless and until the Discharge of ABL Obligations has occurred, the Term Loan Agent, for itself and on behalf
of each applicable Term Loan Secured Party, hereby consents to the application, whether prior to or after a default, of proceeds of ABL Priority Collateral to the repayment of ABL Obligations pursuant to the ABL Credit Agreement; provided that
nothing in this Section 5.1(c) shall be construed to prevent or impair the rights of the Term Loan Agent or the Term Loan Secured Parties to receive proceeds in connection with the Term Loan Obligations not otherwise in contravention of this
Agreement. Unless and until the Discharge of ABL Obligations and the Discharge of Term Loan Obligations has occurred, the Notes Agent, for itself and on behalf of each applicable Notes Secured Party, hereby consents to the application, whether prior
to or after a default, of proceeds of ABL Priority Collateral to the repayment of ABL Obligations pursuant to the ABL Credit Agreement; provided that nothing in this Section 5.1(c) shall be construed to prevent or impair the rights of the Notes
Agent or the Notes Secured Parties to receive proceeds in connection with the Notes Obligations not otherwise in contravention of this Agreement. 

  

	 	(d)	 Unless and until the Discharge of Term Loan Obligations has occurred, the ABL Agent, for itself and on behalf
of each ABL Secured Party, hereby consents to the application, whether prior to or after a default, of proceeds of Term Loan Priority Collateral to the repayment of Term Loan Obligations pursuant to the Term Loan Credit Agreement; provided that
nothing in this Section 5.1(d) shall be construed to prevent or impair the rights of the ABL Agent or the ABL Secured Parties to receive proceeds in connection with the ABL Obligations not otherwise in contravention of this Agreement. Unless
and until the Discharge of Term Loan Obligations and the Discharge of ABL Obligations has occurred, the Notes Agent, for itself and on behalf of each applicable Notes Secured Party, hereby consents to the application, whether prior to or after a
default, of proceeds of Term Loan Priority Collateral to the repayment of Term Loan Obligations pursuant to the Term Loan Credit Agreement; provided that nothing in this Section 5.1(c) shall be construed to prevent or impair the rights of the
Notes Agent or the Notes Secured Parties to receive proceeds in connection with the Notes Obligations not otherwise in contravention of this Agreement. 

5.2    Insurance. 
  

	 	(a)	 Proceeds of Common Collateral include insurance proceeds and, therefore, the Lien priority set forth in this
Agreement shall govern the ultimate disposition of casualty insurance proceeds. 

  
 Page 36 

	 	(b)	 (x) Unless and until the Discharge of ABL Obligations has occurred, the ABL Agent and the ABL Secured Parties
and (y) following the Discharge of ABL Obligations until the Discharge of Term Loan Obligations has occurred, the Term Loan Agent and the Term Loan Secured Parties shall have the sole and exclusive right, subject to the rights of the Grantors
under the ABL Loan Documents or the Term Loan Documents (as applicable), to adjust settlement for any insurance policy covering the ABL Priority Collateral in the event of any loss thereunder and to approve any award granted in any condemnation,
expropriation or similar proceeding affecting the ABL Priority Collateral; provided that if any insurance claim includes both ABL Priority Collateral and Term Loan Priority Collateral, the insurer will not settle such claim separately with respect
to ABL Priority Collateral and Term Loan Priority Collateral, and if the ABL Agent and the Term Loan Agent are unable after negotiating in good faith to agree on the settlement for such claim, either such Person may apply to a court of competent
jurisdiction to make a determination as to the settlement of such claim, and the court’s determination shall be binding upon the parties. Unless and until the Discharge of ABL Obligations and the Discharge of Term Loan Obligations has occurred,
all proceeds of any such policy and any such award in respect of the ABL Priority Collateral shall be paid in accordance with the terms of Section 4.2. If the Term Loan Agent or any Term Loan Secured Party shall, at any time, receive any
proceeds of any such insurance policy or any such award in contravention of this Agreement, it shall pay such proceeds over to the ABL Agent in accordance with the terms of Section 4.4. If the Notes Agent or any Notes Secured Party shall, at
any time, receive any proceeds of any such insurance policy or any such award in contravention of this Agreement, it shall pay such proceeds over to the ABL Agent or the Term Loan Agent in accordance with the terms of Section 4.4.

  

	 	(c)	 (x) Unless and until the Discharge of Term Loan Obligations has occurred, the Term Loan Agent and the Term Loan
Secured Parties and (y) following the Discharge of Term Loan Obligations until the Discharge of ABL Obligations, the ABL Agent and the ABL Secured Parties shall have the sole and exclusive right, subject to the rights of the Grantors under the
Term Loan Documents, to adjust settlement for any insurance policy covering the Term Loan Priority Collateral in the event of any loss thereunder and to approve any award granted in any condemnation, expropriation or similar proceeding affecting the
Term Loan Priority Collateral; provided that, if any insurance claim includes both ABL Priority Collateral and Term Loan Priority Collateral, the insurer will not settle such claim separately with respect to ABL Priority Collateral and Term Loan
Priority Collateral, and if the ABL Agent and the Term Loan Agent are unable after negotiating in good faith to agree on the settlement for such claim, either such Person may apply to a court of competent jurisdiction to make a determination as to
the settlement of such claim, and the court’s determination shall be binding upon the parties. Unless and until the Discharge of Term Loan Obligations 

  
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and the Discharge of ABL Obligations has occurred, all proceeds of any such policy and any such award in respect of the Term Loan Priority Collateral shall be paid in accordance with the terms of
Section 4.3. If the ABL Agent or any ABL Secured Party shall, at any time, receive any proceeds of any such insurance policy or any such award in contravention of this Agreement, it shall pay such proceeds over to the Term Loan Agent in
accordance with the terms of Section 4.4. If the Notes Agent or any Notes Secured Party shall, at any time, receive any proceeds of any such insurance policy or any such award in contravention of this Agreement, it shall pay such proceeds over
to the Term Loan Agent or the ABL Agent in accordance with the terms of Section 4.4. 

5.3    Amendments to ABL Loan Documents, Term Loan Documents and Notes Documents. 

 

	 	(a)	 The Term Loan Agent, on behalf of itself and the applicable Term Loan Secured Parties, and the Notes Agent, on
behalf of itself and the applicable Notes Secured Parties, hereby agrees that, without affecting the obligations of the Term Loan Agent, the Term Loan Secured Parties, the Notes Agent, and the Notes Secured Parties hereunder, the ABL Agent and the
ABL Secured Parties may, at any time and from time to time, in their sole discretion without the consent of or notice to the Term Loan Agent, any Term Loan Secured Parties, the Notes Agent or any Notes Secured Parties(except to the extent such
notice or consent is required pursuant to the express provisions of this Agreement), and without incurring any liability to the Term Loan Agent, any Term Loan Secured Party, the Notes Agent or any Notes Secured Parties, or impairing or releasing the
Lien subordination provided for herein, amend, restate, supplement, replace, Refinance, extend, consolidate, restructure, or otherwise modify any of the ABL Loan Documents in any manner whatsoever (subject to compliance with Section 9.4, to the
extent applicable), including to: 

  

	 	(i)	 change the manner, place, time or terms of payment or renew or alter or increase all or any of the ABL
Obligations or otherwise amend, restate, supplement or otherwise modify in any manner, or grant any waiver or release with respect to, all or any part of the ABL Obligations or any of the ABL Loan Documents; 

 

	 	(ii)	 retain or, subject to Section 2.3, obtain a Lien on any property of any Person to secure any of the ABL
Obligations, and in connection therewith to enter into any additional ABL Loan Documents; 

  

	 	(iii)	 amend, or grant any waiver, compromise or release with respect to, or consent to any departure from, any
guaranty or other obligations of any Person obligated in any manner under or in respect of the ABL Obligations; 

  
 Page 38 

	 	(iv)	 subject to Section 5.1, release or discharge its Lien on any Common Collateral or other property;

  

	 	(v)	 exercise or refrain from exercising any rights against the Borrowers, any Grantor or any other Person;

  

	 	(vi)	 retain or obtain the primary or secondary obligation of any other Person with respect to any of the ABL
Obligations; and 

  

	 	(vii)	 otherwise manage and supervise the ABL Obligations as the ABL Agent shall deem appropriate.

  

	 	(b)	 The ABL Agent, on behalf of itself and the ABL Secured Parties, and the Notes Agent, on behalf of itself and
the Notes Secured Parties, hereby agrees that, without affecting the obligations of the ABL Agent, the ABL Secured Parties, the Notes Agent and the Notes Secured Parties hereunder, the Term Loan Agent and the Term Loan Secured Parties may, at any
time and from time to time, in their sole discretion without the consent of or notice to the ABL Agent, any ABL Secured Party, the Notes Agent, or any Notes Secured Party (except to the extent such notice or consent is required pursuant to the
express provisions of this Agreement), and without incurring any liability to the ABL Agent, any ABL Secured Party, the Notes Agent or any Notes Secured Parties, or impairing or releasing the Lien subordination provided for herein, amend, restate,
supplement, replace, Refinance, extend, consolidate, restructure or otherwise modify any of the Term Loan Documents in any manner whatsoever (subject to compliance with Section 9.3, to the extent applicable), including to:

  

	 	(i)	 change the manner, place, time, or terms of payment or renew, alter or increase all or any of the Term Loan
Obligations or otherwise amend, restate, supplement or otherwise modify in any manner, or grant any waiver or release with respect to, all or any part of the Term Loan Obligations or any of the Term Loan Documents; 

 

	 	(ii)	 retain or, subject to Section 2.3, obtain a Lien on any property of any Person to secure any of the Term
Loan Obligations, and in connection therewith to enter into any additional Term Loan Documents; 

  

	 	(iii)	 amend, or grant any waiver, compromise or release with respect to, or consent to any departure from, any
guaranty or other obligations of any Person obligated in any manner under or in respect of the Term Loan Obligations; 

  

	 	(iv)	 subject to Section 5.1, release its respective Lien on any Common Collateral or other property;

  
 Page 39 

	 	(v)	 exercise or refrain from exercising any rights against the Borrower, any Grantor or any other Person;

  

	 	(vi)	 retain or obtain the primary or secondary obligation of any other Person with respect to any of the Term Loan
Obligations; and 

  

	 	(vii)	 otherwise manage and supervise the Term Loan Obligations as the Term Loan Agent shall deem appropriate.

  

	 	(c)	 The ABL Obligations and the Term Loan Obligations may be Refinanced, in whole or in part, in each case, without
notice to, or the consent (except to the extent a consent is required to permit the Refinancing transaction under any ABL Loan Document or any Term Loan Document) of, the ABL Agent, the ABL Secured Parties, the Term Loan Agent, the Term Loan Secured
Parties, the Notes Agent or the Notes Secured Parties, as the case may be, all without affecting the Lien priorities provided for herein or the other provisions hereof; provided, however, that the holders of such Refinancing Indebtedness (or an
authorized agent, trustee, receiver, interim receiver or similar Person on their behalf) comply with Section 9.3 (to the extent applicable), and any such Refinancing transaction shall be in accordance with any applicable provisions of the ABL
Loan Documents and the Term Loan Documents. 

  

	 	(d)	 In the event that the ABL Agent or the ABL Secured Parties enter into any amendment, waiver or consent in
respect of or replace any of the ABL Collateral Documents for the purpose of adding to, or deleting from, or waiving or consenting to any departures from any provisions of, any ABL Collateral Document or changing in any manner the rights of the ABL
Agent, the ABL Secured Parties, the Borrower or any other Grantor thereunder in respect of the ABL Priority Collateral, then such amendment, waiver or consent shall apply automatically to any comparable provision of each comparable Term Loan
Collateral Document (but solely as to ABL Priority Collateral) without the consent of the Term Loan Agent or any Term Loan Secured Party and without any action by the Term Loan Secured Parties, the Borrower or any other Grantor; provided that such
amendment, waiver or consent may not materially adversely affect the rights of the applicable Term Loan Secured Parties or the interests of the applicable Term Loan Secured Parties in the ABL Priority Collateral, in each case, in a manner
inconsistent with the terms of this Agreement, unless the rights and interests of all other creditors of the Borrower or such Grantor, as the case may be, that have a security interest in the affected collateral are affected in a like or similar
manner (without regard to the fact that the Lien of such ABL Collateral Document is senior to the Lien of the comparable Term Loan Collateral Document). The ABL Agent shall give written notice of such amendment, waiver or consent to the Term Loan
Agent; provided that the failure to give such notice shall not affect the effectiveness of such amendment, waiver or consent with respect to the provisions of any Term Loan Collateral Document as set forth in this Section 5.3(d).

  
 Page 40 

	 	(e)	 In the event that a Term Loan Agent or the Term Loan Secured Parties enter into any amendment, waiver or
consent in respect of or replace any of the Term Loan Collateral Documents for the purpose of adding to, or deleting from, or waiving or consenting to any departures from any provisions of, any Term Loan Collateral Document or changing in any manner
the rights of the Term Loan Agent, the Term Loan Secured Parties, the Borrower or any other Grantor thereunder in respect of the Term Loan Priority Collateral, then such amendment, waiver or consent shall apply automatically to any comparable
provision of each comparable ABL Collateral Document (but solely as to Term Loan Priority Collateral) without the consent of the ABL Agent or any ABL Secured Party and without any action by the ABL Secured Parties, the Borrowers or any other
Grantor; provided that such amendment, waiver or consent may not materially adversely affect the rights of the ABL Secured Parties or the interests of the ABL Secured Parties in the Term Loan Priority Collateral, in each case, in a manner
inconsistent with the terms of this Agreement, unless the rights and interests of all other creditors of the Borrower or such Grantor, as the case may be, that have a security interest in the affected collateral are affected in a like or similar
manner (without regard to the fact that the Lien of such Term Loan Collateral Document is senior to the Lien of the comparable ABL Collateral Document). The Term Loan Agent shall give written notice of such amendment, waiver or consent to the ABL
Agent; provided that the failure to give such notice shall not affect the effectiveness of such amendment, waiver or consent with respect to the provisions of any ABL Collateral Document as set forth in this Section 5.3(e).

  

	 	(f)	 In the event that the ABL Agent, the ABL Secured Parties, the Term Loan Agent or the Term Loan Secured Parties
enter into any amendment, waiver or consent in respect of or replace any of the ABL Collateral Documents or any Term Loan Collateral Documents for the purpose of adding to, or deleting from, or waiving or consenting to any departures from any
provisions of, any ABL Collateral Document or any Term Loan Collateral Document or changing in any manner the rights of the ABL Agent, the ABL Secured Parties, the Term Loan Agent, the Term Loan Secured Parties, the Borrower or any other Grantor
thereunder in respect of the ABL Priority Collateral or the Term Loan Priority Collateral, then such amendment, waiver or consent shall apply automatically to any comparable provision of each comparable Notes Collateral Document without the consent
of the Notes Agent or any Notes Secured Party and without any action by the Notes Secured Parties, the Borrower or any other Grantor; provided that such amendment, waiver or consent may not materially adversely affect the rights of the applicable
Notes Secured Parties or the interests of the applicable Notes Secured Parties in the ABL Priority Collateral or the Term Loan Priority Collateral (as applicable), in each case, in a manner

  
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inconsistent with the terms of this Agreement, unless the rights and interests of all other creditors of the Borrower or such Grantor, as the case may be, that have a security interest in the
affected collateral are affected in a like or similar manner (without regard to the fact that the Lien of such ABL Collateral Document or such Term Loan Collateral Document is senior to the Lien of the comparable Notes Collateral Document). The ABL
Agent or the Term Loan Agent (as applicable) shall give written notice of such amendment, waiver or consent to the Notes Agent; provided that the failure to give such notice shall not affect the effectiveness of such amendment, waiver or consent
with respect to the provisions of any Notes Collateral Document as set forth in this Section 5.3(f). 

5.4    Rights as Unsecured Creditors. 
  

	 	(a)	 The Second Priority Agents and the Second Priority Secured Parties may exercise rights and remedies as an
unsecured creditor against Holdings, the Borrower or any Subsidiary that has guaranteed the Second Priority Claims in accordance with the terms of the applicable Second Priority Documents and applicable law, in each case to the extent not
inconsistent with or contrary to the provisions of this Agreement (including any provisions prohibiting or restricting any party from taking various actions or making various objections). Except as provided herein, including, without limitation,
Sections 6.3, 6.4, 6.9 and 6.10, nothing in this Agreement shall prohibit the receipt by any Second Priority Agent or any Second Priority Secured Party of the required payments of interest and principal so long as such receipt is not the direct or
indirect result of (a) the exercise by any Second Priority Agent or any Second Priority Secured Party of rights or remedies as a secured creditor (including setoff) in respect of that portion of the Common Collateral on which the Second
Priority Agents and the Second Priority Secured Party have a Second Priority Claim or (b) enforcement in contravention of this Agreement or any other applicable intercreditor agreement of any Lien in respect of Second Priority Claims held by
any of them. In the event any Second Priority Agent or any Second Priority Secured Party becomes a judgment lien creditor or other secured creditor in respect of Common Collateral as a result of its enforcement of its rights as an unsecured creditor
in respect of Second Priority Claims or otherwise, such judgment or other lien shall be subordinated to the Liens securing First Priority Claims on the same basis as the other Liens securing the Second Priority Claims are so subordinated to such
Liens securing First Priority Claims under this Agreement. Nothing in this Agreement impairs or otherwise adversely affects (1) any rights or remedies the ABL Agent or the ABL Secured Parties may have with respect to the ABL Priority
Collateral, or any rights or remedies the Term Loan Agent or the Term Loan Secured Parties may have with respect to the Term Loan Priority Collateral or (2) subject to the priorities and other provisions set forth in this

  
 Page 42 

	 	
Agreement (solely as between the Term Loan Secured Parties and the ABL Secured Parties), any rights or remedies the ABL Agent or the ABL Secured Parties may have with respect to the ABL
Collateral, or any rights or remedies the Term Loan Agent or the Term Loan Secured Parties may have with respect to the Term Loan Collateral. 

  

	 	(b)	 The Third Priority Agent and the Third Priority Secured Parties may exercise rights and remedies as an
unsecured creditor against Parent, Holdings, the Borrower or any Subsidiary that has guaranteed the Third Priority Claims in accordance with the terms of the applicable Third Priority Documents and applicable law, in each case to the extent not
inconsistent with or contrary to the provisions of this Agreement (including any provisions prohibiting or restricting any party from taking various actions or making various objections). The Notes Agent and each Notes Secured Party hereby agrees
that receipt by any Third Priority Agent or any Third Priority Secured Party of payments of cash interest and principal (other than an increase in the principal amount as a result of the capitalization of interest) shall be expressly prohibited
prior to the Discharge of Term Loan Obligations and the Discharge of ABL Obligations. In the event any Third Priority Secured Party becomes a judgment lien creditor or other secured creditor in respect of Common Collateral as a result of its
enforcement of its rights as an unsecured creditor in respect of Third Priority Claims or otherwise, such judgment or other lien shall be subordinated to the Liens securing First Priority Claims and Liens securing Second Priority Claims on the same
basis as the other Liens securing the Third Priority Claims are so subordinated to such Liens securing First Priority Claims and Liens securing Second Priority Claims under this Agreement. 

5.5    First Priority Agent as Gratuitous Bailee for Perfection. 

 

	 	(a)	 The ABL Agent, and after the Discharge of ABL Obligations, the Term Loan Agent, agrees to hold the Pledged
Collateral that is part of the ABL Priority Collateral in its possession or control (or in the possession or control of its agents or bailees) as gratuitous bailee for the Term Loan Agent and any assignee solely for the purpose of perfecting the
security interest granted in such Pledged Collateral pursuant to the Term Loan Collateral Documents and for the Notes Agent and any assignee, in each case solely for the purpose of perfecting the security interest granted in such Pledged Collateral
pursuant to the Notes Collateral Documents, subject to the terms and conditions of this Section 5.5 (such bailment being intended, among other things, to satisfy the requirements of Sections 8-106(d)(3), 8-301(a)(2) and 9-313(c) of the UCC or similar provision of other applicable law). The Term Loan Agent, and after the Discharge of Term Loan Obligations, the ABL Agent agrees
to hold the Pledged Collateral that is part of the Term Loan Priority Collateral in its possession or control (or in the possession or control of its agents or bailees) as gratuitous bailee for the ABL Agent and any assignee, and for the Notes Agent
and any assignee, in each case solely 

  
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for the purpose of perfecting the security interest granted in such Pledged Collateral pursuant to the ABL Collateral Documents and the Notes Collateral Documents, as applicable, subject to the
terms and conditions of this Section 5.5 (such bailment being intended, among other things, to satisfy the requirements of Sections 8-106(d)(3), 8- 301(a)(2) and 9-313(c) of the UCC or similar provisions of other applicable law). 

  

	 	(b)	 The ABL Agent, and after the Discharge of ABL Obligations, the Term Loan Agent agrees to hold the Deposit
Account Collateral that is part of the Collateral and controlled by the ABL Agent as gratuitous bailee for the Term Loan Agent and any assignee, and for the Notes Agent and any assignee, solely for the purpose of perfecting the security interest
granted in such Deposit Account Collateral pursuant to the Term Loan Collateral Documents and the Notes Collateral Documents, as applicable, subject to the terms and conditions of this Section 5.5, and hereby acknowledges that to the extent it
has “control” (as defined in Section 9-104 of the UCC) of such Deposit Account Collateral, such control is also for the benefit of the Term Loan Agent and the Term Loan Secured Parties, and for
the Notes Agent and Notes Secured Parties, solely for the purpose of perfecting the security interest granted in such Deposit Account Collateral pursuant to the Term Loan Collateral Documents and the Notes Documents, as applicable.

  

	 	(c)	 Except as otherwise specifically provided herein (including Sections 3.1, 4 and 8.2), until the Discharge of
ABL Obligations has occurred, the ABL Agent, and following the Discharge of ABL Obligations and until the Discharge of Term Loan Obligations, the Term Loan Agent shall be entitled to deal with the Pledged Collateral constituting ABL Priority
Collateral in accordance with the terms of the ABL Loan Documents as if the Liens under the Term Loan Collateral Documents and the Notes Collateral Documents did not exist. The rights of the Term Loan Agent, the Term Loan Secured Parties, the Notes
Agent and the Notes Secured Parties with respect to such Pledged Collateral shall at all times be subject to the terms of this Agreement. Except as otherwise specifically provided herein (including Sections 3.1, 4 and 8.2), until the Discharge of
Term Loan Obligations has occurred, the Term Loan Agent shall be entitled to deal with the Pledged Collateral constituting Term Loan Priority Collateral in accordance with the terms of the Term Loan Documents as if the Liens under the ABL Collateral
Documents and the Notes Collateral Documents did not exist. The rights of the ABL Agent, the ABL Secured Parties, the Notes Agent and Notes Secured Parties with respect to such Pledged Collateral shall at all times be subject to the terms of this
Agreement. 

  

	 	(d)	 The First Priority Agent shall have no obligation whatsoever to any Second Priority Agent, any Second Priority
Secured Party, any Third Priority Agent or any Third Priority Secured Party to assure that the Pledged Collateral is genuine or owned by the Grantors or to protect or preserve rights or benefits of any Person or any rights pertaining to the
applicable portion of the 

  
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Common Collateral except as expressly set forth in this Section 5.5. The duties or responsibilities of the First Priority Agent or Second Priority Agent (as applicable) under this
Section 5.5 shall be limited solely to holding the Pledged Collateral (and, in the case of the ABL Agent, and, following the Discharge of ABL Obligations, the Term Loan Agent, the Deposit Account Collateral) as gratuitous bailee for the Second
Priority Agent for purposes of perfecting the Lien held by the Second Priority Secured Party and for the Notes Agent for purposes of perfecting the Lien held by the Notes Secured Parties. The Second Priority Agent shall have no obligation whatsoever
to any Third Priority Agent or any Third Priority Secured Party to assure that the Pledged Collateral is genuine or owned by the Grantors or to protect or preserve rights or benefits of any Person or any rights pertaining to the applicable portion
of the Common Collateral except as expressly set forth in this Section 5.5. 

  

	 	(e)	 The First Priority Agent shall not have by reason of the Second Priority Documents, the Third Priority
Documents or this Agreement or any other document a fiduciary relationship in respect of any Second Priority Agent, any Second Priority Secured Party, any Third Priority Agent, or any Third Priority Secured Party, and the Second Priority Agent, the
Second Priority Secured Parties, the Third Priority Agent, and the Third Priority Secured Parties hereby waive and release the First Priority Agent from all claims and liabilities arising pursuant to the First Priority Agent’s role, under this
Section 5.5, as agent and gratuitous bailee with respect to the applicable portion of the Common Collateral. 

  

	 	(f)	 The Second Priority Agent shall not have by reason of the Third Priority Documents or this Agreement or any
other document a fiduciary relationship in respect of any Third Priority Agent, or any Third Priority Secured Party, and the Second Priority Agent, the Second Priority Secured Parties, the Third Priority Agent, and the Third Priority Secured Parties
hereby waive and release the Second Priority Agent from all claims and liabilities arising pursuant to the Second Priority Agent’s role, under this Section 5.5, as agent and gratuitous bailee with respect to the applicable portion of the
Common Collateral. 

  

	 	(g)	 Upon the Discharge of ABL Obligations and prior to the Discharge of Term Loan Obligations, the ABL Agent shall
deliver to the Term Loan Agent, to the extent that it is legally permitted to do so, the remaining Pledged Collateral (if any) constituting ABL Priority Collateral in its possession or under its control, together with any necessary endorsements (or
otherwise allow the Term Loan Agent to obtain control of such Pledged Collateral) or as a court of competent jurisdiction may otherwise direct. The Borrower shall take such further action as is required to effectuate the transfer contemplated hereby
and shall indemnify the ABL Agent for loss or damage suffered by the ABL Agent as a result of such transfer except for loss or damage suffered by the ABL Agent as a result of its own willful misconduct, gross negligence or bad faith. No ABL Agent
has any obligation to follow instructions from a Term Loan Agent in contravention of this Agreement. 

  
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	 	(h)	 Upon the Discharge of Term Loan Obligations, and prior to the Discharge of ABL Obligations the Term Loan Agent
shall deliver to the ABL Agent, to the extent that it is legally permitted to do so, the remaining Pledged Collateral (if any) constituting Term Loan Priority Collateral in its possession or under its control, together with any necessary
endorsements (or otherwise allow the ABL Agent to obtain control of such Pledged Collateral) or as a court of competent jurisdiction may otherwise direct. The Borrower shall take such further action as is required to effectuate the transfer
contemplated hereby and shall indemnify the Term Loan Agent for loss or damage suffered by such Term Loan Agent as a result of such transfer except for loss or damage suffered by such Term Loan Agent as a result of its own willful misconduct, gross
negligence or bad faith. No Term Loan Agent has any obligation to follow instructions from the ABL Agent in contravention of this Agreement. 

  

	 	(i)	 Upon the occurrence of both the Discharge of ABL Obligations and Discharge of Term Loan Obligations, the ABL
Agent or Term Loan Agent, as applicable, shall deliver to the Notes Agent, to the extent that it is legally permitted to do so, the remaining Pledged Collateral (if any) constituting ABL Collateral or Term Loan Collateral, as applicable in its
possession or under its control, together with any necessary endorsements (or otherwise allow the Notes Agent to obtain control of such Pledged Collateral) or as a court of competent jurisdiction may otherwise direct. The Borrower shall take such
further action as is required to effectuate the transfer contemplated hereby and shall indemnify the ABL Agent and the Term Loan Agent, as applicable, for loss or damage suffered by such Agent as a result of such transfer except for loss or damage
suffered by such Agent as a result of its own willful misconduct, gross negligence or bad faith. No ABL Agent has any obligation to follow instructions from the Notes Agent in contravention of this Agreement. No Term Loan Agent has any obligation to
follow instructions from the Notes Agent in contravention of this Agreement. 

 5.6    Access to
Premises and Cooperation. 
  

	 	(a)	 If the ABL Agent takes any enforcement action with respect to the ABL Priority Collateral, the Term Loan Agent,
the Term Loan Secured Parties (i) shall use commercially reasonable efforts to cooperate with the ABL Agent (at the sole cost and expense of the ABL Agent and the ABL Secured Parties and subject to the condition that the Term Loan Agent and the
Term Loan Secured Parties shall have no obligation or duty to take any action or refrain from taking any action that the Term Loan Agent or the Term Loan Secured Parties determine could reasonably be expected to result in the incurrence of any
liability or damage, or otherwise could be disadvantageous, to the Term Loan Agent or the Term Loan Secured Parties, in its efforts to enforce 

  
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its security interest in the ABL Priority Collateral), and (ii) shall permit the ABL Agent, its employees, agents, advisers and representatives, at the sole cost and expense of the ABL
Secured Parties and upon reasonable advance notice during normal business hours, for so long as such Term Loan Priority Collateral is owned by, or in the possession of, the Term Loan Secured Parties and provided that such access does not violate
(i) any contract or other agreement to which a Term Loan Secured Party and/or any Grantor is a party or (ii) any applicable law, rule, regulation or order of a governmental authority or court of competent jurisdiction, to use the Term Loan
Priority Collateral (including equipment, processors, computers and other machinery related to the storage or processing of records, documents or files, in each case only to the extent and for so long as required to effect an enforcement action with
respect to the ABL Priority Collateral), for a period not to exceed 60 days after the initial taking of such enforcement action, for purposes of (A) removing and transporting any or all of the ABL Priority Collateral located in or on such Term
Loan Priority Collateral, if any, and/or (B) taking reasonable actions to protect, secure, and otherwise enforce the rights of the ABL Agent and the ABL Secured Parties in and to the ABL Priority Collateral; provided, however, that nothing
contained in this Agreement shall restrict the rights of the Term Loan Agent or the Term Loan Secured Parties from selling, assigning or otherwise transferring all or any part of the Term Loan Priority Collateral prior to the expiration of such 60-day period (including during any applicable tolling period). If all of the Term Loan Priority Collateral has been sold by the applicable Term Loan Secured Parties prior to such expiration, the Term Loan Agent
shall endeavor to provide, if permitted under the applicable sale agreement(s), the ABL Agent with copies of the books and records evidencing the ABL Priority Collateral that were contained on the Term Loan Priority Collateral. If any stay or other
order prohibiting the exercise of remedies with respect to the ABL Priority Collateral has been imposed by applicable law (including in connection with any Insolvency Proceeding affecting any Borrower or other Grantor) or entered by a court of
competent jurisdiction, such 60-day period shall be tolled during the pendency of any such stay or other order. In connection with the use of Intellectual Property constituting Term Loan Priority Collateral
pursuant to clause (ii)(y) above in the first sentence of this clause (a), the Term Loan Agent, to the extent it has the ability to so grant and to the extent such granting does not violate (i) any contract or other agreement to which a Term
Loan Secured Party and/or any Grantor is a party or (ii) any applicable law, rule, regulation or order of a governmental authority or court of competent jurisdiction, (1) consents (without any representation, warranty or obligation
whatsoever) to the grant by any Grantor to the ABL Agent of a non-exclusive license to use any Patent, Trademark or proprietary information of such Grantor that is subject to a Lien held by such Term Loan
Agent (or any Patent, Trademark or proprietary information acquired by such purchaser, assignee or transferee from any Grantor, as the case may be) and (2) grants, in its capacity as a

  
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secured party, to the ABL Agent a non-exclusive license to use any Patent, Trademark or proprietary information that is subject to a Lien held by such Term
Loan Agent (or subject to such purchase, assignment or transfer, as the case may be), in each case for the purposes set forth in clauses (A) and (B) of this paragraph. Notwithstanding anything to the contrary in this Section 5.6, in no
event will the ABL Agent have the right to, and the ABL Agent may not, use, be licensed or sub-licensed to, transfer or otherwise dispose of any Patents (as defined in the Term Security Agreement as in effect
on the date hereof) owned by any of the Grantors. 

  

	 	(b)	 During the period of actual use or control by the ABL Agent or its agents or representatives of any Term Loan
Priority Collateral, the ABL Agent and the ABL Secured Parties shall (i) be responsible for all third party expenses related thereto, and (ii) be obligated to repair at their expense any physical damage to such Term Loan Priority
Collateral resulting, directly or indirectly, from such use or control, and to leave such Term Loan Priority Collateral in substantially the same condition as it was at the commencement of such use or control, ordinary wear and tear excepted.
Notwithstanding anything to the contrary contained herein, the ABL Agent and the ABL Secured Parties hereby jointly and severally agree to pay, indemnify and hold the Term Loan Agent and their respective officers, directors, employees and agents
harmless from and against any liability, cost, expense, loss or damages, including legal fees and expenses, resulting, directly or indirectly, from the use or operation of such Term Loan Priority Collateral by the ABL Agent or any ABL Secured Party
or any of their respective agents, representatives or invitees (ordinary wear and tear excepted), or otherwise, directly or indirectly, from the exercise by the ABL Agent and/or any ABL Secured Party of their rights set forth in this
Section 5.6. Without limiting the rights granted in this paragraph, the ABL Agent and the ABL Secured Parties shall cooperate with the Term Loan Agent and the Term Loan Secured Parties in connection with any efforts made by the Term Loan Agent
and the Term Loan Secured Parties to sell the Term Loan Priority Collateral. 

  

	 	(c)	 If a Term Loan Agent takes any enforcement action with respect to the Term Loan Priority Collateral, the ABL
Agent and the ABL Secured Parties (i) shall reasonably cooperate with such Term Loan Agent (at the sole cost and expense of such Term Loan Agent and the applicable Term Loan Secured Parties and subject to the condition that the ABL Agent and
the ABL Secured Parties shall have no obligation or duty to take any action or refrain from taking any action that could reasonably be expected to result in the incurrence of any liability or damage to the ABL Agent or the ABL Secured Parties) in
its efforts to enforce its security interest in the Term Loan Priority Collateral and assemble the Term Loan Priority Collateral and (ii) shall not take any action that could reasonably be expected to hinder or restrict in any respect such Term
Loan Agent from enforcing its security interest in the Term Loan Priority Collateral or from assembling the Term Loan Priority Collateral. 

  
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	 	(d)	 The Term Loan Agent agrees that if the ABL Agent shall require rights available under any permit or license
controlled by such Term Loan Agent in order to realize on any ABL Priority Collateral, such Term Loan Agent shall use commercially reasonable efforts to take all such actions as shall be available to it (all at the sole expense of the ABL Agent),
consistent with applicable law and with each contract or other agreement to which a Term Loan Secured Party and/or any Grantor is a party and reasonably requested by the ABL Agent to make such rights available to the ABL Agent, subject to the Liens
of the Term Loan Agent and the Term Loan Secured Parties. The ABL Agent agrees that if a Term Loan Agent shall require rights available under any permit or license controlled by the ABL Agent in order to realize on any Term Loan Priority Collateral,
the ABL Agent shall use commercially reasonable efforts to take all such actions as shall be available to it (all at the sole expense of the Term Loan Agent), consistent with applicable law and with each contract or other agreement to which an ABL
Secured Party and/or any Grantor is a party and reasonably requested by the Term Loan Agent to make such rights available to such Term Loan Agent, subject to the Liens of the ABL Agent and the ABL Secured Parties. 

 

	 	(e)	 In the event that the ABL Agent shall, in the exercise of its rights under the ABL Collateral Documents or
otherwise, receive possession or control of any books and records of any Term Loan Party which contain information identifying or pertaining to the Term Loan Priority Collateral, the ABL Agent shall, upon request from the Term Loan Agent and as
promptly as practicable thereafter, either make available to the Term Loan Agent such books and records for inspection and duplication during normal business hours or provide to the Term Loan Agent copies thereof. In the event that the Term Loan
Agent shall, in the exercise of its rights under the Term Loan Collateral Documents or otherwise, receive possession or control of any books and records of any ABL Loan Party which contain information identifying or pertaining to any of the ABL
Priority Collateral, such Term Loan Agent shall, upon request from the ABL Agent and as promptly as practicable thereafter, either make available to the ABL Agent such books and records for inspection and duplication during normal business hours or
provide the ABL Agent copies thereof. 

  

	 	(f)	 Notwithstanding the foregoing, in no event shall (i) the Term Loan Agent, the Term Loan Secured Parties,
the Notes Agent or the Notes Secured Parties have any liability to the ABL Agent or the ABL Secured Parties pursuant to this Section 5.6 as a result of the exercise by the ABL Agent or the ABL Secured Parties of any rights granted to the ABL
Agent or the ABL Secured Parties under this Section 5.6 or (ii) the ABL Agent, the ABL Secured Parties, the Notes Agent or the Notes Secured Parties have any liability to the Term Loan Agent or the Term Loan Secured Parties pursuant

  
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to this Section 5.6 as a result of the exercise by the Term Loan Agent or the Term Loan Secured Parties of any rights granted to the Term Loan Agent or the Term Loan Secured Parties under
this Section 5.6. 

 5.7    Required Provisions. Each party hereto agrees that each Credit
Agreement, each Specified Collateral Document, and the Note Purchase Agreement shall contain the applicable provisions set forth on Schedule I hereto, or similar provisions approved by the ABL Agent and the Term Loan Agent, which approval shall not
be unreasonably withheld or delayed. 
 SECTION 6    INSOLVENCY PROCEEDINGS. 

6.1    DIP Financing. 
  

	 	(a)	 If the Borrower or any other Grantor shall be subject to any Insolvency Proceeding at any time prior to the
Discharge of ABL Obligations, and the ABL Agent or any ABL Secured Parties shall seek to provide the Borrower or any other Grantor with, or consent to a third party providing, any financing under Section 364 of the Bankruptcy Code or similar
provision of any other Debtor Relief Laws (such financing, an “ABL DIP Financing”) or consent to any order for the use of ABL Priority Collateral constituting “cash collateral” (as defined under Section 363 of the
Bankruptcy Code or any similar provision of any other Debtor Relief Law) (herein “ABL Cash Collateral”), with such ABL DIP Financing to be secured by all or any portion of the ABL Priority Collateral (including assets that, but for
the application of Section 552 of the Bankruptcy Code (or any similar provision of any other Debtor Relief Laws) would be ABL Priority Collateral), then the Term Loan Agent, on behalf of itself and the Term Loan Secured Parties, agrees that it
will raise no objection and will not support any objection to such ABL DIP Financing or use of ABL Cash Collateral or to the Liens securing the same on the grounds of a failure to provide “adequate protection” for the Liens of the Term
Loan Agent securing the Term Loan Obligations or on any other grounds (and will not, except as permitted by Section 6.3 hereof, request any adequate protection solely as a result of such ABL DIP Financing or use of ABL Cash Collateral);
provided, that: 

  

	 	(i)	 the relevant Term Loan Agent retains its Lien on the Collateral to secure the Term Loan Obligations (in each
case, including proceeds thereof arising after the commencement of the case under any Debtor Relief Laws) and, as to the Term Loan Priority Collateral only, such Lien has the same priority as existed prior to the commencement of the case under the
subject Debtor Relief Laws and any Lien on the Term Loan Priority Collateral securing such ABL DIP Financing or granted as adequate protection to any ABL Secured Party is junior and subordinate to the Lien of the Term Loan Agent and the other Term
Loan Secured Parties on the Term Loan Priority Collateral, 

  
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	 	(ii)	 all Liens on ABL Priority Collateral securing any such ABL DIP Financing shall be senior to or on a parity with
the Liens of the ABL Agent and the ABL Secured Parties securing the ABL Obligations on ABL Priority Collateral, 

  

	 	(iii)	 any proceeds of the Term Loan Priority Collateral are applied to the Term Loan Obligations or as otherwise
agreed by the Term Loan Agent, 

  

	 	(iv)	 the ABL DIP Financing does not compel any Grantor to seek confirmation of a specific Plan, provided, however,
the ABL DIP Financing may contain a provision that requires payment in full of the ABL DIP Financing in connection with any Plan, and 

  

	 	(v)	 the ABL DIP Financing does not expressly require the liquidation of a material portion of the Common Collateral
prior to a default under the ABL DIP Financing; 

 provided further that in the event such ABL DIP Financing does not satisfy the
conditions set forth in the foregoing clauses (iv) and (v), then the Term Loan Agent and the other Term Loan Secured Parties may only oppose or object to such ABL DIP Financing on the basis of such clauses (iv) or (v) to the extent such
opposition or objection is not otherwise inconsistent with any other term or provision of this Agreement. 
 The Term Loan Agent agrees that it shall not,
and nor shall any of the Term Loan Secured Parties, directly or indirectly, provide, offer to provide, or support any debtor in possession financing or use of “cash collateral” (as defined under section 363 of the Bankruptcy Code (or any
similar provision of any other Debtor Relief Law))secured by a Lien on the ABL Priority Collateral senior to or pari passu with the Liens securing the ABL Obligations. If, in connection with any ABL DIP Financing, any Liens on the ABL Priority
Collateral held by the ABL Secured Parties to secure the ABL Obligations are subject to a surcharge or are subordinated to an administrative priority claim, a professional fee “carve- out,” or fees owed to the United States Trustee, then
the Liens on the ABL Priority Collateral of the Term Loan Secured Parties securing the Term Loan Obligations shall also be subordinated to such interest or claim and shall remain subordinated to the Liens on the ABL Priority Collateral of the ABL
Secured Parties consistent with this Agreement. 
  

	 	(b)	 If the Borrower or any other Grantor shall be subject to any Insolvency Proceeding at any time prior to the
Discharge of Term Loan Obligations, and the Term Loan Agent or any Term Loan Secured Parties shall seek to provide the Borrower or any other Grantor with, or consent to a third party providing, any financing under Section 364 of the Bankruptcy
Code or similar provision of any other Debtor Relief Laws (such financing, a “Term Loan DIP Financing”) or consent to any order for the use of Term Loan Priority Collateral constituting “cash collateral” (as defined under
Section 363 of the Bankruptcy Code or any similar provision of any other Debtor Relief Law) (herein “Term Loan Cash Collateral”), with such Term Loan DIP Financing to be secured by all or any portion of the Term Loan Priority

  
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Collateral (including assets that, but for the application of Section 552 of the Bankruptcy Code (or any similar provision of any other Debtor Relief Laws) would be Term Loan Priority
Collateral), then the ABL Agent, on behalf of itself and the ABL Secured Parties, agrees that it will raise no objection and will not support any objection to such Term Loan DIP Financing or use of Term Loan Cash Collateral or to the Liens securing
the same on the grounds of a failure to provide “adequate protection” for the Liens of the ABL Agent securing the ABL Obligations or on any other grounds (and will not, except as permitted by Section 6.3 hereof, request any adequate
protection solely as a result of such Term DIP Financing or use of Term Loan Cash Collateral); provided, that: 

  

	 	(i)	 the ABL Agent retains its Lien on the Collateral to secure the ABL Obligations (in each case, including
proceeds thereof arising after the commencement of the case under any Debtor Relief Law) and, as to the ABL Priority Collateral only, such Lien has the same priority as existed prior to the commencement of the case under the subject Debtor Relief
Laws and any Lien on ABL Priority Collateral securing such Term Loan DIP Financing or granted as adequate protection to any Term Loan Secured Party is junior and subordinate to the Lien of the ABL Agent and the other ABL Secured Parties on the ABL
Priority Collateral, 

  

	 	(ii)	 all Liens on Term Loan Priority Collateral securing any such Term DIP Financing shall be senior to or on a
parity with the Liens of the Term Loan Agent and the Term Loan Secured Parties securing the Term Loan Obligations on Term Loan Priority Collateral, 

  

	 	(iii)	 any proceeds of the ABL Priority Collateral are applied to the ABL Obligations or as otherwise agreed by the
ABL Agent, 

  

	 	(iv)	 the Term Loan DIP Financing does not compel any Grantor to seek confirmation of a specific Plan, provided,
however, the Term Loan DIP Financing may contain a provision that requires payment in full of the Term Loan DIP Financing in connection with any plan of reorganization, and 

 

	 	(v)	 the Term Loan DIP Financing does not expressly require the liquidation of a material portion of the Common
Collateral prior to a default under the Term Loan DIP Financing; 

 provided further that in the event such Term Loan DIP Financing does
not satisfy the conditions set forth in the foregoing clauses (iv) and (v), then the ABL Agent and the other ABL Secured Parties may only oppose or object to such Term Loan DIP Financing on the basis of such clauses (iv) or (v) to the
extent such opposition or objection is not otherwise inconsistent with any other term or provision of this Agreement. 

  
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 The ABL Agent agrees that it shall not, and nor shall any of the ABL Secured Parties, directly or
indirectly, provide, offer to provide, or support any debtor in possession financing or use of “cash collateral” (as defined under section 363 of the Bankruptcy Code (or any similar provision of any other Debtor Relief Law)) secured by a
Lien on the Term Loan Priority Collateral senior to or pari passu with the Liens securing the Term Loan Obligations. If, in connection with any Term DIP Financing, any Liens on the Term Loan Priority Collateral held by the Term Loan Secured Parties
to secure the Term Loan Obligations are subject to a surcharge or are subordinated to an administrative priority claim, a professional fee “carve-out,” or fees owed to the United States Trustee, then
the Liens on the Term Loan Priority Collateral of the ABL Secured Parties securing the ABL Obligations, shall also be subordinated to such interest or claim and shall remain subordinated to the Liens on the Term Loan Priority Collateral of the Term
Loan Secured Parties consistent with this Agreement. 
 (c)    If the Borrower or any other Grantor shall be subject to
any Insolvency Proceeding at any time prior to the Discharge of ABL Obligations and the Discharge of Term Loan Obligations, and (1) the ABL Agent or any ABL Secured Parties and/or the (2) Term Loan Agent or the Term Loan Secured Parties,
respectively, shall seek to provide the Borrower or any other Grantor with, or consent to a third party providing, any financing under Section 364 of the Bankruptcy Code or similar provision of any other Debtor Relief Laws, including, without
limitation, any ABL DIP Financing or Term Loan DIP Financing (any “DIP Financing”), or consent to any order for the use of any constituting “cash collateral” (as defined under Section 363 of the Bankruptcy Code (or
any similar provision of any other Debtor Relief Law)) including ABL Cash Collateral and Term Loan Cash Collateral (herein, collectively, “ABL/Term Loan Cash Collateral”), then the Notes Agent, on behalf of itself and the Notes
Secured Parties, agrees that it will raise no objection and will not support any objection to such DIP Financing or use of ABL/Term Loan Cash Collateral or to the Liens securing the same, and will be deemed to consent to such DIP Financing and/or
use of ABL/Term Loan Cash Collateral on the grounds of a failure to provide “adequate protection” for the Liens of the Notes Agent securing the Notes Obligations or on any other grounds (and will not, except as permitted by
Section 6.3 hereof, request any adequate protection solely as a result of such DIP Financing or use of ABL/Term Loan Cash Collateral), and to the extent that the Liens securing any such DIP Financing are senior to or on parity with the Liens of
the Term Loan Agent and the Term Loan Secured Parties and/or the Liens of the ABL Agent and the ABL Secured Parties, as applicable, then the Notes Agent, on behalf of itself and the Notes Secured Parties, will subordinate its Liens on such
Collateral to the Liens securing such DIP Financing (and all obligations relating thereto) and shall remain subordinated to the Liens on the Collateral of the Term Loan Agent and/or Term Loan Secured Parties and the Liens on the Collateral of the
ABL Agent and/or the ABL Secured Parties consistent with this Agreement, provided, that: 
 (i)    the Notes Agent
retains its Lien on the Collateral to secure the Notes Obligations (in each case, including proceeds thereof arising after the commencement of the case under any Debtor Relief Laws), 

 

	 	(ii)	 the DIP Financing does not compel any Grantor to seek confirmation of a specific Plan, provided, however, the
DIP Financing may contain a provision that requires payment in full of the DIP Financing in connection with any plan of reorganization, and 

  
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	 	(iii)	 the DIP Financing does not expressly require the liquidation of a material portion of the Common Collateral
prior to a default under the Term Loan DIP Financing; 

 provided further that in the event such DIP Financing does not satisfy the
conditions set forth in the foregoing clauses (ii) and (iii), then the Notes Agent and the Notes Secured Parties, may only oppose or object to DIP Financing on the basis of such clauses (ii) or (iii) to the extent such opposition or
objection is not otherwise inconsistent with any other term or provision of this Agreement. 
 The Notes Agent agrees that it shall not, and nor shall any
of the Notes Secured Parties, directly or indirectly, provide, offer to provide, or support any debtor in possession financing or use of “cash collateral” (as defined under section 363 of the Bankruptcy Code (or any similar provision of
any other Debtor Relief Law)) secured by a Lien on the Collateral senior to or pari passu with the Liens securing the Term Loan Obligations or the ABL Obligations. If, in connection with any DIP Financing or use of ABL/Term Loan Cash Collateral, any
Liens on the Collateral are subject to a surcharge or are subordinated to an administrative priority claim, a professional fee “carve-out,” or fees owed to the United States Trustee, then the Liens
on the Collateral of the Notes Agent and/or the Notes Secured Parties securing the Notes Obligations shall also be subordinated to such interest or claim and shall remain subordinated to the Liens on the Collateral of the Term Loan Agent and/or Term
Loan Secured Parties and the Liens on the Collateral of the ABL Agent and/or the ABL Secured Parties consistent with this Agreement. 

(d)    All Liens granted to the ABL Agent, the Term Loan Agent or the Notes Agent in any Insolvency Proceeding, whether as
adequate protection or otherwise, are intended by the Secured Parties to be and shall be deemed to be subject to the Lien priority and the other terms and conditions of this Agreement; provided that the foregoing shall not alter the super-priority
of any Liens securing any DIP Financing (including any ABL DIP Financing or Term Loan DIP Financing in accordance with this Section 6.1). 

6.2    Relief from the Automatic Stay. 
  

	 	(a)	 Until the Discharge of ABL Obligations has occurred, the Term Loan Agent, on behalf of itself and each
applicable Term Loan Secured Party, agrees that none of them shall (i) seek relief from the automatic stay or any other stay in any Insolvency Proceeding in respect of the ABL Priority Collateral, without the prior written consent of the ABL
Agent and the Required Lenders under (and as defined in, as in effect on the date hereof) the ABL Credit Agreement; provided, that the Term Loan Agent may seek relief from the automatic stay or any other stay in any Insolvency Proceeding in
respect of such ABL Priority Collateral if and to the extent the ABL Agent has obtained relief from or modification of such stay in respect of the ABL Priority Collateral, or (ii) oppose any request by the ABL Agent to seek relief from the
automatic stay or any other stay in any Insolvency Proceeding in respect of any ABL Priority Collateral. 

  
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	 	(b)	 Until the Discharge of Term Loan Obligations has occurred, the ABL Agent, on behalf of itself and each ABL
Secured Party, agrees that none of them shall (i) seek relief from the automatic stay or any other stay in any Insolvency Proceeding in respect of the Term Loan Priority Collateral, without the prior written consent of the Term Loan Agent and
the Required Lenders under (and as defined in, as in effect on the date hereof) each of the Term Loan Credit Agreement; provided, that the ABL Agent may seek relief from the automatic stay or any other stay in any Insolvency Proceeding in
respect of such Term Loan Priority Collateral if and to the extent the Term Loan Agent has obtained relief from or modification of such stay in respect of the Term Loan Priority Collateral, or (ii) oppose any request by the Term Loan Agent to
seek relief from the automatic stay or any other stay in any Insolvency Proceeding in respect of any Term Loan Priority Collateral. 

  

	 	(c)	 In addition, none of the Term Loan Agent or the ABL Agent shall seek any relief from the automatic stay with
respect to any Common Collateral without providing three (3) days’ prior written notice to the others, unless such period is agreed by the ABL Agent and the Term Loan Agent to be modified or unless the ABL Agent or Term Loan Agent, as
applicable, make a good faith determination that either (i) the ABL Priority Collateral or the Term Loan Priority Collateral, as applicable, will decline speedily in value or (ii) the failure to take any action will have a reasonable
likelihood of endangering the ABL Agent’s or the Term Loan Agent’s ability to realize upon its Collateral. 

  

	 	(d)	 Until the Discharge of ABL Obligations has occurred and the Discharge of Term Loan Obligations has occurred,
the Notes Agent, on behalf of itself and each Notes Secured Party, agrees that none of them shall (i) seek relief from the automatic stay or any other stay in any Insolvency Proceeding in respect of the ABL Collateral or the Term Loan
Collateral, or (ii) oppose any request by the ABL Agent or the Term Loan Agent to seek relief from the automatic stay or any other stay in any Insolvency Proceeding in respect of any ABL Collateral or Term Loan Collateral.

 6.3    Adequate Protection. 

 

	 	(a)	 The Term Loan Agent on behalf of itself and the applicable Term Loan Secured Parties agrees that none of them
shall be entitled to contest and none of them shall contest (or support any other Person contesting) (but instead shall be deemed to have hereby irrevocably, absolutely and unconditionally waived any right to contest): 

 

	 	(i)	 any request by the ABL Agent or the ABL Secured Parties for adequate protection with respect to the ABL
Priority Collateral (except to the extent any such adequate protection is a payment from Term Loan Priority Collateral); or 

  
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	 	(ii)	 any objection by the ABL Agent or any ABL Secured Party to any motion, relief, action or proceeding based on
the ABL Agent or such ABL Secured Party claiming a lack of adequate protection with respect to the ABL Priority Collateral. 

  

	 	(b)	 The ABL Agent on behalf of itself and the ABL Secured Parties, agrees that none of them shall be entitled to
contest and none of them shall contest (or support any other Person contesting) (but instead shall be deemed to have hereby irrevocably, absolutely and unconditionally waived any right to contest): 

 

	 	(i)	 any request by the Term Loan Agent or the other Term Loan Secured Parties for adequate protection with respect
to the Term Loan Priority Collateral (except to the extent any such adequate protection is a payment from ABL Priority Collateral); or 

  

	 	(ii)	 any objection by the Term Loan Agent or any Term Loan Secured Party to any motion, relief, action or proceeding
based on such Term Loan Agent or such Term Loan Secured Party claiming a lack of adequate protection with respect to the Term Loan Priority Collateral. 

(c)    The Notes Agent, on behalf of itself and the Notes Secured Parties, agrees that none of them shall be entitled to
contest and none of them shall contest (or support any other Person contesting) (but instead shall be deemed to have hereby irrevocably, absolutely and unconditionally waived any right to contest): 

 

	 	(i)	 any request by the ABL Agent or the ABL Secured Parties for adequate protection with respect to the ABL
Collateral; 

  

	 	(ii)	 any objection by the ABL Agent or any ABL Secured Party to any motion, relief, action or proceeding based on
the ABL Agent or such ABL Secured Party claiming a lack of adequate protection with respect to the ABL Collateral; 

  

	 	(iii)	 any request by the Term Loan Agent or the Term Loan Secured Parties for adequate protection with respect to the
Term Loan Collateral; or 

  

	 	(iv)	 any objection by the Term Loan Agent or any Term Loan Secured Party to any motion, relief, action or proceeding
based on the Term Loan Agent or such Term Loan Secured Party claiming a lack of adequate protection with respect to the Term Loan Collateral. 

  
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	 	(d)	 Consistent with the foregoing provisions in this Section 6.3, and except as provided in Sections 6.1 and
6.7, in any Insolvency Proceeding: 

  

	 	(i)	 none of the Term Loan Agent or any Term Loan Secured Party shall be entitled (and the Term Loan Agent, and Term
Loan Secured Parties shall be deemed to have hereby irrevocably, absolutely and unconditionally waived any right): 

(A)    to seek or otherwise be granted any type of adequate protection with respect to its interests in
the ABL Priority Collateral except as may be consented to in writing by the ABL Agent in its sole and absolute discretion; provided, however, that subject to Section 6.1, the Term Loan Agent and the Term Loan Secured Parties may seek and obtain
adequate protection in the form of an additional or replacement Lien on collateral so long as (1) the ABL Agent and the ABL Secured Parties have been granted adequate protection in the form of an additional or replacement Lien on such
collateral, and (2) any such Lien on collateral of the same type as ABL Priority Collateral (and on any collateral granted as adequate protection for the ABL Agent and the ABL Secured Parties in respect of their interest in such ABL Priority
Collateral) is subordinated to the Liens of the ABL Agent in such collateral on the same basis as the other Liens of the Term Loan Agent on ABL Priority Collateral; and 

(B)    to seek or otherwise be granted any adequate protection payments with respect to its interests in
the Common Collateral from proceeds of ABL Priority Collateral (except as may be consented to in writing by the ABL Agent in its sole and absolute discretion); 
  

	 	(ii)	 none of the ABL Agent or any ABL Secured Party shall be entitled (and the ABL Agent and each ABL Secured Party
shall be deemed to have hereby irrevocably, absolutely and unconditionally waived any right): 

(A)    to seek or otherwise be granted any type of adequate protection in respect of Term Loan Priority
Collateral except as may be consented to in writing by the Term Loan Agent in its sole and absolute discretion; provided, however, that subject to Section 6.1, the ABL Agent and ABL Secured Parties may seek and obtain adequate protection in the
form of an additional or replacement Lien on collateral so long as (1) the Term Loan Agent and Term Loan Secured Parties have been granted adequate protection in the form of an additional or replacement Lien on such collateral, and (2) any
such Lien on collateral of the same type as Term Loan Priority Collateral (and on any collateral granted as adequate protection for the Term Loan Agent and Term Loan Secured Parties in respect of their interest in such Term Loan Priority Collateral)
is subordinated to the Liens of the Term Loan Agent in such collateral on the same basis as the other Liens of the ABL Agent on Term Loan Priority Collateral; and 

(B)    to seek or otherwise be granted any adequate protection payments with respect to its interests in
the Common Collateral from proceeds of Term Loan Priority Collateral (except as may be consented to in writing by the Term Loan Agent in its sole and absolute discretion); 

  
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	 	(iii)	 none of the Notes Agent or any Notes Secured Party shall be entitled (and the Notes Agent and the Notes Secured
Parties shall be deemed to have hereby irrevocably, absolutely and unconditionally waived any right) to seek or otherwise be granted any type of adequate protection with respect to its interests in the Common Collateral except as may be consented to
in writing by the ABL Agent and the Term Loan Agent, respectively, in each case in their sole and absolute discretion; provided, however, that subject to Section 6.1, the Notes Agent and the Notes Secured Parties may seek and obtain adequate
protection in the form of an additional or replacement Lien on collateral so long as (1) the ABL Agent and the ABL Secured Parties and the Term Loan Agent and Term Loan Secured Parties, respectively, have each been granted adequate protection
in the form of an additional or replacement Lien on such collateral, and (2) any such Lien is subordinated to the Liens of the ABL Agent and the ABL Secured Parties and to the Liens of the Term Loan Agent and the Term Loan Secured Parties in
such collateral on the same basis as the other Liens of the Notes Agent and the Notes Secured Parties are subordinated to the Liens of the ABL Agent and ABL Secured Parties on the ABL Collateral and the Liens of the Term Loan Agent and the Term Loan
Secured Parties on the Term Loan Collateral. 

  

	 	(e)	 With respect to (i) the ABL Priority Collateral, nothing herein shall limit the rights of the Term Loan
Agent and the Term Loan Secured Parties from seeking adequate protection with respect to their rights in the Term Loan Priority Collateral in any Insolvency Proceeding (including adequate protection in the form of a cash payment, periodic cash
payments or otherwise, other than from proceeds of ABL Priority Collateral) so long as such request is not otherwise inconsistent with this Agreement and (ii) the Term Loan Priority Collateral, nothing herein shall limit the rights of the ABL
Agent or the ABL Secured Parties from seeking adequate protection with respect to their rights in the ABL Priority Collateral in any Insolvency Proceeding (including adequate protection in the form of a cash payment, periodic cash payments or
otherwise, other than from proceeds of Term Loan Priority Collateral) so long as such request is not otherwise inconsistent with this Agreement. 

6.4    Post-Petition Interest. 
  

	 	(a)	 None of the Term Loan Agent, any Term Loan Secured Party, the Notes Agent or any Notes Secured Party shall
oppose or seek to challenge any claim by the ABL Agent or any ABL Secured Party for allowance in any Insolvency Proceeding of ABL Obligations consisting of post-petition interest, fees or expenses to the extent of the value of the ABL Agent’s
Lien on the ABL Priority Collateral, without regard to the existence of the Liens of the Term Loan Agent on behalf of the applicable Term Loan Secured Parties or of the Notes Agent on behalf of the applicable Notes Secured

  
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Parties on the ABL Priority Collateral. None or the ABL Agent, any ABL Secured Party, the Notes Agent or any Notes Secured Party shall oppose or seek to challenge any claim by the Term Loan Agent
or any Term Loan Secured Party for allowance in any Insolvency Proceeding of Term Loan Obligations consisting of post-petition interest, fees or expenses to the extent of the value of the Liens of the Term Loan Agent on behalf of the applicable Term
Loan Secured Party on the ABL Priority Collateral (after taking into account the Lien of the ABL Secured Parties on the ABL Priority Collateral, but not taking into account the Lien of the Notes Agent or the Notes Secured Parties).

  

	 	(b)	 None of the ABL Agent, any ABL Secured Party, the Notes Agent or any Notes Secured Party shall oppose or seek
to challenge any claim by the Term Loan Agent or any Term Loan Secured Party for allowance in any Insolvency Proceeding of Term Loan Obligations consisting of post-petition interest, fees or expenses to the extent of the value of such Term Loan
Agent’s Lien on the Term Loan Priority Collateral, without regard to the existence of the Lien of the ABL Agent on behalf of the ABL Secured Parties or of the Notes Agent on behalf of the Notes Secured Parties on the Term Loan Priority
Collateral. None of the Term Loan Agent, any Term Loan Secured Party, the Notes Agent or any Notes Secured Party shall oppose or seek to challenge any claim by the ABL Agent or any ABL Secured Party for allowance in any Insolvency Proceeding of ABL
Obligations consisting of post-petition interest, fees or expenses to the extent of the value of the Lien of the ABL Agent on behalf of the ABL Secured Parties on the Term Loan Priority Collateral (after taking into account the Lien of the Term Loan
Secured Parties on the Term Loan Priority Collateral, but not taking into account the Lien of the Notes Agent or the Notes Secured Parties). 

  

	 	(c)	 None of the Notes Agent or any Notes Secured Party shall oppose or seek to challenge (1) any claim by the
Term Loan Agent or any Term Loan Secured Party for allowance in any Insolvency Proceeding of Term Loan Obligations consisting of post-petition interest, fees or expenses to the extent of the value of such Term Loan Agent’s Lien on the Term Loan
Collateral, without regard to the existence of the Lien of the Notes Agent on behalf of the Notes Secured Parties on the Term Loan Collateral or (2) any claim by the ABL Agent or any ABL Secured Party for allowance in any Insolvency Proceeding
of ABL Obligations consisting of post-petition interest, fees or expenses to the extent of the value of such ABL Agent’s Lien on the ABL Collateral, without regard to the existence of the Lien of the Notes Agent on behalf of the Notes Secured
Parties on the ABL Collateral. 

  
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 6.5    Avoidance Issues. 

 

	 	(a)	 If any ABL Secured Party is required in any Insolvency Proceeding or otherwise to turn over or otherwise pay to
the estate of any Borrower or any other Grantor (or any trustee, receiver, interim receiver, monitor or similar Person therefor), because the payment of such amount was declared to be fraudulent, preferential or transaction at undervalue in any
respect or for any other reason, any amount (an “ABL Recovery”), whether received as proceeds of security, enforcement of any right of setoff or otherwise, then as among the parties hereto the ABL Obligations shall be deemed to be
reinstated to the extent of such ABL Recovery and to be outstanding as if such payment had not occurred, and the ABL Secured Parties shall be entitled, to the extent they are entitled hereunder, to a Discharge of ABL Obligations with respect to all
such recovered amounts and shall have all rights hereunder until such time. If this Agreement shall have been terminated prior to such ABL Recovery, this Agreement shall be reinstated in full force and effect, and such prior termination shall not
diminish, release, discharge, impair or otherwise affect the obligations of the parties hereto. Any amounts received by the Term Loan Agent or any Term Loan Secured Party or by the Notes Agent or any Notes Secured Party, as applicable, on account of
the ABL Obligations after the termination of this Agreement shall, in the event of a reinstatement of this Agreement pursuant to this Section 6.5(a), be held in trust for and paid over to the ABL Agent for the benefit of
the ABL Secured Parties, for application to the reinstated ABL Obligations. 

  

	 	(b)	 If any Term Loan Secured Party is required in any Insolvency Proceeding or otherwise to turn over or otherwise
pay to the estate of the Borrower or any other Grantor (or any trustee, receiver, interim receiver, monitor or similar Person therefor), because the payment of such amount was declared to be fraudulent, preferential or a transaction at undervalue in
any respect or for any other reason, any amount (a “Term Loan Recovery”), whether received as proceeds of security, enforcement of any right of setoff or otherwise, then as among the parties hereto the Term Loan Obligations shall be
deemed to be reinstated to the extent of such Term Loan Recovery and to be outstanding as if such payment had not occurred, and the Term Loan Secured Parties shall be entitled, to the extent they are entitled hereunder, to a Discharge of Term Loan
Obligations with respect to all such recovered amounts and shall have all rights hereunder until such time. If this Agreement shall have been terminated prior to such Term Loan Recovery, this Agreement shall be reinstated in full force and effect,
and such prior termination shall not diminish, release, discharge, impair or otherwise affect the obligations of the parties hereto. Any amounts received by the ABL Agent or any ABL Secured Party or by the Notes Agent or any Notes Secured Party, as
applicable, on account of the Term Loan Obligations after the termination of this Agreement shall, in the event of a reinstatement of this Agreement pursuant to this Section 6.5(b), be held in trust for and paid over to the
Term Loan Agent for the benefit of the Term Loan Secured Parties, for application to the reinstated Term Loan Obligations. 

  
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 This Section 6.5 shall survive the termination of this Agreement. 

6.6    Application. This Agreement, which the parties hereto expressly acknowledge is a “subordination
agreement” under Section 510(a) of the Bankruptcy Code or similar provision of other Debtor Relief Laws, shall be applicable prior to and after the commencement of any Insolvency Proceeding. All references herein to any Grantor shall apply
to any trustee, receiver, interim receiver, monitor or similar Person for such Person and such Person as debtor in possession. The relative rights as to the Common Collateral and proceeds thereof shall continue after the filing thereof on the same
basis as prior to the date of the commencement thereof, subject to the provisions of Section 6.1 hereof with respect to any DIP Financing. 

6.7    Waivers. 
  

	 	(a)	 Until the Discharge of ABL Obligations has occurred, the Term Loan Agent, on behalf of itself and each
applicable Term Loan Secured Party, (1) will not assert or support the assertion of any claim under Section 506(c) or the “equities of the case” exception to Section 552(b) of the Bankruptcy Code or similar provision of
other Debtor Relief Laws against or with respect to any ABL Priority Collateral, and (2) waives any claim it may now or hereafter have arising out of the election by any ABL Secured Party of the application of Section 1111(b) of the
Bankruptcy Code or similar provision of other Debtor Relief Laws with respect to any ABL Priority Collateral. 

  

	 	(b)	 Until the Discharge of Term Loan Obligations has occurred, the ABL Agent, on behalf of itself and each ABL
Secured Party, (1) will not assert or support the assertion of any claim under Section 506(c) or the “equities of the case” exception to Section 552(b) of the Bankruptcy Code or similar provision of other Debtor Relief Laws
against or with respect to any Term Loan Priority Collateral, and (2) waives any claim it may now or hereafter have arising out of the election by any Term Loan Secured Party of the application of Section 1111(b) of the Bankruptcy Code or
similar provision of other Debtor Relief Laws with respect to any Term Loan Priority Collateral. 

  

	 	(c)	 Until the Discharge of ABL Obligations has occurred and the Discharge of Term Loan Obligations has occurred,
the Notes Agent, on behalf of itself and each Notes Secured Party, (1) will not assert or support the assertion of any claim under Section 506(c) or the “equities of the case” exception to Section 552(b) of the Bankruptcy
Code or similar provision of other Debtor Relief Laws against or with respect to any ABL Collateral or Term Loan Collateral, and (2) waives any claim it may now or hereafter have arising out of the election by any Notes Secured Party of the
application of Section 1111(b) of the Bankruptcy Code or similar provision of other Debtor Relief Laws with respect to any ABL Collateral or Term Loan Collateral. 

6.8    Separate Grants of Liens. Each Term Loan Secured Party, each ABL Secured Party, the Notes Agent, and each
Notes Secured Party acknowledges and agrees that (i) the grants of Liens pursuant to the ABL Collateral Documents, the Term Loan Collateral Documents, and the 

  
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Notes Collateral Documents constitute separate and distinct grants of Liens and (ii) because of, among other things, their differing rights in the Common Collateral, (A) the Term Loan
Obligations are fundamentally different from the ABL Obligations and the Notes Obligations, (B) the ABL Obligations are fundamentally different from the Term Loan Obligations and the Notes Obligations, and (C) the Notes Obligations are
fundamentally different from the Term Loan Obligations and the ABL Obligations, and each must be separately classified in any Plan. To further effectuate the intent of the parties as provided in the immediately preceding sentence, if it is held that
the claims of the ABL Secured Parties, the Term Loan Secured Parties and/or the Notes Agents and the Notes Secured Parties in respect of the Common Collateral constitute only one secured claim (rather than separate classes of senior and junior
secured claims), then the ABL Secured Parties, the Term Loan Secured Parties, and the Notes Agents and the Notes Secured Parties hereby acknowledge and agree that all distributions shall be made as if there were separate classes of ABL Obligations,
Term Loan Obligations, and Notes Obligations, against the Grantors, with the effect being that (1) to the extent that the aggregate value of the ABL Priority Collateral or Term Loan Priority Collateral (as applicable) is sufficient, the ABL
Secured Parties or the Term Loan Secured Parties, respectively, shall be entitled to receive, in addition to amounts distributed to them in respect of principal, pre-petition interest and other claims, all
amounts owing in respect of post-petition interest, fees and expense (regardless of whether any claim therefor is allowed or allowable in any such Insolvency Proceeding) that is available from that portion of the Common Collateral in which each of
the ABL Secured Parties and the Term Loan Secured Parties, respectively, have a First Priority Claim, before any distribution is made in respect of the claims held by the other Secured Parties from such Collateral, with the other Secured Parties
hereby acknowledging and agreeing to turn over to the respective other Secured Parties amounts otherwise received or receivable by them to the extent necessary to effectuate the intent of this sentence, even if such turnover has the effect of
reducing the aggregate recoveries and (2) subject to the foregoing clause (1) (solely as between the ABL Secured Parties and the Term Loan Secured Parties) the ABL Secured Parties and the Term Loan Secured Parties, respectively, shall be
entitled to receive, in addition to amounts distributed to them in respect of principal, pre-petition interest and other claims, all amounts owing in respect of post-petition interest, fees and expense
(regardless of whether any claim therefor is allowed or allowable in any such Insolvency Proceeding) before any distribution is made in respect of the claims held by the Notes Agent and the Notes Secured Parties from such Collateral, with the Notes
Agent and the Notes Secured Parties hereby acknowledging and agreeing to turn over to the respective other Secured Parties amounts otherwise received or receivable by them to the extent necessary to effectuate the intent of this sentence, even if
such turnover has the effect of reducing the aggregate recoveries. 
 6.9    Asset Sales. 

 

	 	(a)	 The Term Loan Agent agrees, on behalf of itself and the Term Loan Secured Parties, that it will not oppose any
sale consented to by the ABL Agent of any ABL Priority Collateral under Section 363 or 1129 of the Bankruptcy Code (or similar provision of any other Debtor Relief Laws) so long as (i) the Term Loan Agent, for the benefit of the Term Loan
Secured Parties, shall retain a Lien on the proceeds of such sale (to the extent such proceeds are not applied to the ABL Obligations in accordance with Section 4 hereof), and (ii) the applicable motion to approve such sale or other
disposition does not impair, subject to the priorities set forth in this Agreement, the rights of 

  
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the Term Loan Secured Parties to credit bid their Liens on the ABL Priority Collateral under Section 363(k) of the Bankruptcy Code (or similar provision of any other Debtor Relief Laws so
long as the Discharge of ABL Obligations would occur in connection therewith). 

  

	 	(b)	 The ABL Agent agrees, on behalf of itself and the ABL Secured Parties, that it will not oppose any sale
consented to by the Term Loan Agent of any Term Loan Priority Collateral pursuant to Section 363 or 1129 of the Bankruptcy Code (or similar provision of any other Debtor Relief Laws) so long as (i) the ABL Agent, for the benefit of the ABL
Secured Parties, shall retain a Lien on the proceeds of such sale (to the extent such proceeds are not applied to the Term Loan Obligations in accordance with Section 4 hereof), and (ii) the applicable motion to approve such sale or other
disposition does not impair, subject to the priorities set forth in this Agreement, the rights of the ABL Secured Parties to credit bid their Liens on the Term Loan Priority Collateral under Section 363(k) of the Bankruptcy Code (or similar
provision of any other Debtor Relief Laws) so long as the Discharge of Term Loan Obligations would occur in connection therewith). 

  

	 	(c)	 If any such sale or other disposition of Collateral includes both ABL Priority Collateral and Term Loan
Priority Collateral and the ABL Secured Parties and the Term Loan Secured Parties are unable after negotiating in good faith to agree on the allocation of the purchase price between the ABL Priority Collateral and Term Loan Priority Collateral,
either of such Secured Party (but not the Notes Secured Parties) may apply to the court in such Insolvency Proceeding to make a determination of such allocation, and the court’s determination shall be binding upon the Secured Parties
(including, but not limited to, the Notes Agent and the Notes Secured Parties). 

  

	 	(d)	 Subject to the foregoing provisions of this Section 6.9 (solely as between the ABL Secured Parties and the
Term Loan Secured Parties), the Notes Agent agrees, on behalf of itself and the Notes Secured Parties, that it will not oppose any sale consented to by the Term Loan Agent and/or the ABL Agent of any Collateral pursuant to Section 363 or 1129
of the Bankruptcy Code (or similar provision of any other Debtor Relief Laws) or otherwise, so long as the Notes Agent, for the benefit of the Notes Secured Parties, shall retain a Lien on the proceeds of such sale (to the extent such proceeds are
not applied to the Term Loan Obligations and/or the ABL Obligations in accordance with Section 4 hereof). 

6.10    Plan of Reorganization. 
  

	 	(a)	 If, in any Insolvency Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property
of the reorganized debtor are distributed (in whole or in part) pursuant to a Plan or similar dispositive restructuring plan, on account of the ABL Obligations, the Term Loan Obligations and

  
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the Notes Obligations, then, to the extent the debt obligations distributed on account of the ABL Obligations, the Term Loan Obligations and the Notes Obligations are secured by Liens upon the
same property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations. 

 

	 	(b)	 Notwithstanding the provisions of Section 1129(b)(1) of the Bankruptcy Code (or similar Debtor Relief
Laws), the Term Loan Agent, for itself and on behalf of each of the Term Loan Secured Parties, the ABL Agent, for itself and on behalf of each of the ABL Secured Parties, and the Notes Agent, for itself and on behalf of each Notes Secured Party,
each agree that no ABL Secured Party, no Term Loan Secured Party and no Notes Secured Party shall propose, vote for, or otherwise support, directly or indirectly, any Plan or similar dispositive restructuring plan that is inconsistent with or in
contravention of the priorities or other provisions of this Agreement, including any Plan or similar dispositive restructuring plan that purports to re-order (whether by subordination, invalidation, or
otherwise) or otherwise disregard, in whole or part, the provisions of Section 2 (including the Lien priorities of Section 2.1), Section 4 or Section 6 hereof. 

 

	 	(c)	 If, in connection with an Insolvency Proceeding involving a Grantor, the Term Loan Secured Parties receive any
distribution, including cash, debt, or equity securities on account of the Term Loan Obligations in respect of their interest in or Lien on the ABL Priority Collateral or the proceeds thereof, the Term Loan Agent or the other Term Loan Secured
Parties, as applicable, shall turn over such cash, debt, or equity securities to the ABL Agent for application in accordance with Section 4 hereof, unless the distribution of such cash, debt, or securities is otherwise permitted under
Section 4 hereof or made pursuant to a confirmed Plan of such Grantor that is accepted by the requisite affirmative vote of all classes composed of the secured claims of the ABL Secured Parties. 

 

	 	(d)	 If, in connection with an Insolvency Proceeding involving a Grantor, the ABL Secured Parties receive any
distribution, including cash, debt, or equity securities on account of the ABL Obligations in respect of their interest in or Lien on the Term Loan Priority Collateral or the proceeds thereof, the ABL Agent or the other ABL Secured Parties, as
applicable, shall turn over such cash, debt, or equity securities to the Term Loan Agent for application in accordance with Section 4 hereof, unless the distribution of such cash, debt, or securities is otherwise permitted under Section 4
hereof or made pursuant to a confirmed Plan of such Grantor that is accepted by the requisite affirmative vote of all classes composed of the secured claims of the Term Loan Secured Parties. 

 

	 	(e)	 Subject to the foregoing provisions of this Section 6.10 (solely as between the ABL Secured Parties and
the Term Loan Secured Parties), if, in 

  
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connection with an Insolvency Proceeding involving a Grantor, Notes Agent or any Notes Secured Parties receive any distribution, including cash, debt, or equity securities on account of the Notes
Obligations in respect of their interest in or Lien on the Common Collateral or the proceeds thereof, the Notes Agent or the other Notes Secured Parties, as applicable, shall turn over such cash, debt, or equity securities to the Term Loan Agent or
the ABL Agent, as applicable, for application in accordance with Section 4 hereof, unless the distribution of such cash, debt, or securities is otherwise expressly permitted under Section 4 hereof provides for the payment in full, in cash,
of all ABL Obligations and Term Loan Obligations (including all post-petition interest, fees and expenses as provided in Section 6.4 hereof) on the effective date of such Plan or similar dispositive restructuring plan.

 SECTION 7    PURCHASE OPTIONS 

7.1    Notice of Exercise. 
  

	 	(a)	 Upon the earliest of (i) the occurrence and during the continuance of an “Event of Default”
under the ABL Credit Agreement, if such event of default remains uncured or unwaived for at least 60 consecutive days and the requisite ABL Lenders have not agreed to forbear from the exercise of remedies, (ii) the date of the termination of
the commitments and the acceleration of the final maturity of any loans under the ABL Credit Agreement and (iii) the failure to pay all outstanding loans and obligations in full in cash on the final maturity date of the ABL Credit Agreement,
all or a portion of the Term Loan Secured Parties, acting as a single group, shall have the option at any time upon the prior delivery of an irrevocable written notice to the ABL Agent to purchase all, but not less than all, of the ABL Obligations
(including with respect to any ABL DIP Financing) from the ABL Secured Parties; provided that such option shall expire if no Term Loan Secured Party delivers such written notice to the ABL Agent within thirty (30) Business Days following
the first date the Term Loan Secured Parties obtain knowledge of the occurrence of the earlier of the events in preceding clauses (i), (ii) and (iii) above. Such notice from such Term Loan Secured Parties to the ABL Agent shall be irrevocable.

  

	 	(b)	 Upon the earliest of (i) the occurrence and during the continuance of an “Event of Default”
under the applicable Term Loan Credit Agreement, if such event of default remains uncured or unwaived for at least 60 consecutive days and the requisite applicable Term Loan Lenders have not agreed to forbear from the exercise of remedies,
(ii) the date of the acceleration of the final maturity of the loans under the applicable Term Loan Credit Agreement, and (iii) the failure to pay all outstanding loans and obligations in full in cash on the final maturity date of the
applicable Term Loan Credit Agreement, all or a portion of the ABL Secured Parties, acting as a single group, shall have the option at any time upon prior delivery of an irrevocable written notice to the Term Loan Agent to purchase all, but

  
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not less than all, of the Term Loan Obligations (including with respect to any Term Loan DIP Financing) from the applicable Term Loan Secured Parties; provided that such option shall expire if no
ABL Secured Party delivers such written notice to the Term Loan Agent within thirty (30) Business Days following the first date the ABL Secured Parties obtain knowledge of the occurrence of the earlier of the events in preceding clauses (i),
(ii) and (iii) above. Such notice from such ABL Secured Parties to the Term Loan Agent shall be irrevocable. 

7.2    Purchase and Sale. 
  

	 	(a)	 On the date specified by the relevant Term Loan Secured Parties in the notice contemplated by
Section 7.1(a) above (which shall not be less than five Business Days, nor more than 20 calendar days, after the receipt by the ABL Agent of the notice of the relevant Term Loan Secured Parties’ election to exercise such option), the ABL
Secured Parties shall sell to the relevant Term Loan Secured Parties, and the relevant Term Loan Secured Parties shall purchase from the ABL Secured Parties, the ABL Obligations; provided that the ABL Agent and the ABL Secured Parties shall retain
all rights to be indemnified or held harmless by the ABL Loan Parties in accordance with the terms of the ABL Loan Documents for all claims and other amounts relating to periods prior to such sale of the ABL Obligations but shall not retain any
rights to the security therefor. 

  

	 	(b)	 On the date specified by the relevant ABL Secured Parties in the notice contemplated by Section 7.1(b)
above (which shall not be less than five Business Days, nor more than 20 calendar days, after the receipt by the Term Loan Agent of the notice of the relevant ABL Secured Parties’ election to exercise such option), the applicable Term Loan
Secured Parties shall sell to the relevant ABL Secured Parties, and the relevant ABL Secured Parties shall purchase from the applicable Term Loan Secured Parties, all but not less than all of the Term Loan Obligations, provided that the Term Loan
Agent and the applicable Term Loan Secured Parties shall retain all rights to be indemnified or held harmless by the applicable Term Loan Secured Parties in accordance with the terms of the applicable Term Loan Documents for all claims and other
amounts relating to periods prior to such sale of the applicable Term Loan Obligations but shall not retain any rights to the security therefor. 

7.3    Payment of Purchase Price. Upon the date of such purchase and sale, the relevant Term Loan Secured Parties
or the relevant ABL Secured Parties, as applicable, shall (a) pay to the ABL Agent for the benefit of the ABL Secured Parties (with respect to a purchase of the ABL Obligations) or to the Term Loan Agent for the benefit of the applicable Term
Loan Secured Parties (with respect to a purchase of the Term Loan Obligations) as the purchase price the full amount of all the ABL Obligations or Term Loan Obligations, as applicable, then outstanding and unpaid (including 100% of the principal
amount thereof or, in the case of Obligations owed with respect to Hedging Agreements, the termination value of the agreement or arrangement giving rise to such 

  
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obligations that would be payable by such Person at such time, and all accrued and unpaid interest and fees (including Call Premium, Yield Maintenance Fees and Exit Fees) thereon, as well as all
expenses, including reasonable attorneys’ fees and legal expenses), (b) furnish cash collateral to the applicable Agent in a manner and in such amounts as such Agent determines is reasonably necessary (but not to exceed 105% of the amount then
reasonably estimated by the applicable Agent to be the aggregate outstanding amount of such letters of credit at such time, including all fronting and other fees estimated to become due and payable prior to termination of such letters of credit) to
secure the letter of credit issuing banks in connection with any issued and outstanding letters of credit, (c) with respect to a purchase of the ABL Obligations, furnish cash collateral to the ABL Agent in a manner and in such amounts as the
ABL Agent determines is reasonably necessary to secure the ABL Lender Hedging Obligations and ABL Lender Cash Management Obligations, (d) with respect to a purchase of the Term Loan Obligations, furnish cash collateral to the Term Loan Agent in
a manner and in such amounts as the Term Loan Agent determines is reasonably necessary to secure the Term Loan Lender Hedging Obligations and Term Loan Lender Cash Management Obligations, (e) agree to reimburse the applicable Agent, Secured
Parties and letter of credit issuing banks for any loss, cost, damage or expense (including reasonable attorneys’ fees and legal expenses) in connection with any commissions, fees, costs or expenses related to any issued and outstanding letters
of credit as described above, (f) with respect to a purchase of the ABL Obligations, agree to reimburse the ABL Agent and ABL Secured Parties for any checks or other payments provisionally credited to the ABL Obligations, and/or as to which the
ABL Agent has not yet received final payment, (g) agree to reimburse the ABL Secured Parties and Term Loan Secured Parties in respect of indemnification obligations of the ABL Loan Parties or the Term Loan Parties, as applicable, as to matters
or circumstances known to the ABL Agent, or the Term Loan Agent, as applicable, at the time of the purchase and sale which would reasonably be expected to result in any loss, cost, damage or expense (including reasonable attorneys’ fees and
legal expenses) to the ABL Secured Parties or the Term Loan Secured Parties, as applicable, and (h) agree to indemnify and hold harmless the ABL Secured Parties or the Term Loan Secured Parties, as applicable, from and against any loss,
liability, claim, damage or expense (including reasonable fees and expenses of legal counsel) arising out of any claim asserted by a third party in respect of the ABL Obligations or the applicable Term Loan Obligations, as applicable, as a result,
directly or indirectly, of any acts by any ABL Secured Parties or any Term Loan Secured Party, as applicable, occurring after the date of such purchase and related to the purchased Obligations. Such purchase price and cash collateral shall be
remitted by wire transfer in federal funds to such bank account as the ABL Agent or the Term Loan Agent, as applicable, may designate in writing for such purpose; it being understood and agreed that (x) if at any time those amounts (if any)
then on deposit with the applicable Agent as described in clause (b) above exceed 105% of the sum of the aggregate undrawn amount of all then outstanding letters of credit, and all fronting and other fees estimated to become due and payable
prior to termination of such letters of credit, such excess shall be returned to the respective Term Loan Secured Parties or ABL Secured Parties, as applicable (y) at such time as all letters of credit have been cancelled, expired or been fully
drawn, as the case may be, any excess cash collateral deposited as described above in clause (b) (and not previously applied or released as provided above) shall be returned to the respective Term Loan Secured Parties or ABL Secured Parties, as
applicable and (z) at such time as all ABL Lender Cash Management Obligations and ABL Lender Hedging Obligations have been terminated, any excess cash collateral deposited as described above in clause (c) (and not previously applied or released
as provided above) shall be returned to the Term Loan Secured Parties. It is understood and agreed 

  
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that (x) at the time any facing or similar fees are owing to an issuer with respect to any letter of credit, the ABL Agent may apply amounts deposited with it as described above to pay same
and (y) upon any drawing under any letter of credit, the ABL Agent shall apply amounts deposited with it as described above to repay the respective unpaid drawing. 

7.4    Limitation on Representations and Warranties. Any purchase under this Section 7 shall be expressly made
without representation or warranty of any kind by any selling party (or the ABL Agent or the Term Loan Agent) and without recourse of any kind, except that the selling party shall represent and warrant: (a) the amount of the ABL Obligations or
Term Loan Obligations, as applicable, being purchased from it, (b) that such ABL Secured Party or Term Loan Secured Party, as applicable, owns the ABL Obligations or Term Loan Obligations, as applicable, free and clear of any Liens or
encumbrances and (c) that such ABL Secured Party or Term Loan Secured Party, as applicable, has the right to assign such ABL Obligations or Term Loan Obligations, as applicable, and the assignment is duly authorized. 

SECTION 8    RELIANCE; WAIVERS; ETC. 

8.1    Reliance. All ABL Obligations at any time made or incurred by the Borrower or any other ABL Loan Party shall
be deemed to have been made or incurred in reliance upon this Agreement, and the Term Loan Agent, on behalf of itself and the Term Loan Secured Parties represented by it, and the Notes Agent, on behalf of itself and the Notes Secured Parties
represented by it, each hereby waives notice of acceptance, or proof of reliance by the ABL Agent or any ABL Secured Party of this Agreement, and notice of the existence, increase, renewal, extension, accrual, creation, or non-payment of all or any part of the ABL Obligations. All Term Loan Obligations at any time made or incurred by the Borrower or any other Term Loan Party shall be deemed to have been made or incurred in reliance
upon this Agreement, and the ABL Agent, on behalf of itself and the ABL Secured Parties, and the Notes Agent, on behalf of itself and the Notes Secured Parties, each hereby waives notice of acceptance, or proof of reliance, by the Term Loan Agent or
any Term Loan Secured Party of this Agreement, and notice of the existence, increase, renewal, extension, accrual, creation, or non-payment of all or any part of the Term Loan Obligations. 

8.2    No Warranties or Liability. 
  

	 	(a)	 None of the ABL Agent, any ABL Secured Party, or any of their respective affiliates, directors, officers,
employees, or agents shall be liable for failure to demand, collect, or realize upon any of the Common Collateral or any proceeds, or for any delay in doing so, or shall be under any obligation to sell or otherwise dispose of any Common Collateral
or proceeds thereof or to take any other action whatsoever with regard to the Collateral or any part or proceeds thereof, except as specifically provided in this Agreement. If the ABL Agent or any ABL Secured Party honors (or fails to honor) a
request by the Borrower for an extension of credit pursuant to the ABL Credit Agreement or any of the other ABL Documents, whether the ABL Agent or any ABL Secured Party has knowledge that the honoring of (or failure to honor) any such request would
constitute a default under the terms of the Term Loan Credit Agreement or any other Term Loan Document or an act, condition, or event that, with the giving of notice or the passage of

  
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time, or both, would constitute such a default, or if the ABL Agent or any ABL Secured Party otherwise should exercise any of its contractual rights or remedies under any ABL Documents (subject
to the express terms and conditions hereof), neither the ABL Agent nor any ABL Secured Party shall have any liability whatsoever to the Term Loan Agent or any Term Loan Secured Party as a result of such action, omission, or exercise (so long as any
such exercise does not breach the express terms and provisions of this Agreement). The ABL Agent and the ABL Secured Parties shall be entitled to manage and supervise their loans and extensions of credit under the ABL Credit Agreement and any of the
other ABL Documents as they may, in their sole discretion, deem appropriate, and may manage their loans and extensions of credit without regard to any rights or interests that the Term Loan Agent, any of the Term Loan Secured Parties, the Notes
Agent or any Notes Secured Parties have in the Collateral, except as otherwise expressly set forth in this Agreement. The Term Loan Agent, on behalf of itself and the Term Loan Secured Parties represented by it, and the Notes Agent, on behalf of
itself and the Notes Secured Parties represented by it, agree that neither the ABL Agent nor any ABL Secured Party shall incur any liability as a result of a sale, lease, license, application, or other disposition of all or any portion of the Common
Collateral or proceeds thereof, pursuant to the ABL Documents, so long as such disposition is conducted in accordance with mandatory provisions of applicable law and does not breach the provisions of this Agreement. 

 

	 	(b)	 None of the Term Loan Agent, any Term Loan Secured Party or any of their respective affiliates, directors,
officers, employees, or agents shall be liable for failure to demand, collect, or realize upon any of the Collateral or any proceeds, or for any delay in doing so, or shall be under any obligation to sell or otherwise dispose of any Common
Collateral or proceeds thereof or to take any other action whatsoever with regard to the Common Collateral or any part or proceeds thereof, except as specifically provided in this Agreement. If the Term Loan Agent or any Term Loan Secured Party
honors (or fails to honor) a request by the Borrower for an extension of credit pursuant to the Term Loan Credit Agreement or any of the other Term Loan Documents, whether the Term Loan Agent or any Term Loan Secured Party has knowledge that the
honoring of (or failure to honor) any such request would constitute a default under the terms of the ABL Credit Agreement or any other ABL Document or an act, condition, or event that, with the giving of notice or the passage of time, or both, would
constitute such a default, or if the Term Loan Agent or any Term Loan Secured Party otherwise should exercise any of its contractual rights or remedies under the Term Loan Documents (subject to the express terms and conditions hereof), neither the
Term Loan Agent nor any Term Loan Secured Party shall have any liability whatsoever to the ABL Agent or any ABL Secured Party as a result of such action, omission, or exercise (so long as any such exercise does not breach the express terms and
provisions of this Agreement). The Term Loan Agent and the Term Loan Secured Parties shall be entitled to manage and supervise 

  
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their loans and extensions of credit under the Term Loan Documents as they may, in their sole discretion, deem appropriate, and may manage their loans and extensions of credit without regard to
any rights or interests that the ABL Agent, any ABL Secured Party, the Notes Agent or any Notes Secured Party has in the Common Collateral, except as otherwise expressly set forth in this Agreement. The ABL Agent, on behalf of itself and the ABL
Secured Parties, and the Notes Agent on behalf of itself and the Notes Secured Parties, agree that none of the Term Loan Agent or the Term Loan Secured Parties shall incur any liability as a result of a sale, lease, license, application, or other
disposition of the Common Collateral or any part or proceeds thereof, pursuant to the Term Loan Documents, so long as such disposition is conducted in accordance with mandatory provisions of applicable law and does not breach the provisions of this
Agreement. 

 8.3    ABL Obligations Unconditional. All rights of the ABL Agent hereunder, and all
agreements and obligations of the Term Loan Agent and the ABL Loan Parties (to the extent applicable) hereunder, shall remain in full force and effect irrespective of: 
  

	 	(a)	 any lack of validity or enforceability of any ABL Document; 

 

	 	(b)	 any change in the time, place or manner of payment of, or in any other term of, all or any portion of the ABL
Obligations, or any amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding or restatement of any ABL Document; 

 

	 	(c)	 any exchange, release, voiding, avoidance or non-perfection of any
security interest in any Common Collateral, or any release, amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding, restatement or increase of all or any portion of the ABL
Obligations or any guarantee or guaranty thereof; or 

  

	 	(d)	 any other circumstances that otherwise might constitute a defense available to, or a discharge of, any ABL Loan
Party in respect of the ABL Obligations, of any of the Term Loan Agent or any Term Loan Party, or of any Notes Agent or any Notes Secured Party to the extent applicable, in respect of this Agreement. 

8.4    Term Loan Obligations Unconditional. All rights of the Term Loan Agent hereunder, and all agreements and
obligations of the ABL Agent and the Term Loan Parties (to the extent applicable) hereunder, shall remain in full force and effect irrespective of: 
  

	 	(a)	 any lack of validity or enforceability of any Term Loan Document; 

 

	 	(b)	 any change in the time, place or manner of payment of, or in any other term of, all or any portion of the Term
Loan Obligations, or any amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding or restatement of any Term Loan Document; 

  
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	 	(c)	 any exchange, release, voiding, avoidance or non-perfection of any
security interest in any Common Collateral, or any other collateral, or any release, amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding, restatement or increase of all or
any portion of the Term Loan Obligations or any guarantee or guaranty thereof; or 

  

	 	(d)	 any other circumstances that otherwise might constitute a defense available to, or a discharge of, any Term
Loan Party in respect of the Term Loan Obligations, or of any of the ABL Agent or any ABL Loan Party, or of any Notes Agent or any Notes Secured Party to the extent applicable, in respect of this Agreement. 

8.5    Notes Obligations Unconditional. All rights of the Notes Agent hereunder, and all agreements and obligations
of the ABL Agent, Term Loan Agent, ABL Loan Parties and the Term Loan Parties (to the extent applicable) hereunder, shall remain in full force and effect irrespective of: 
  

	 	(a)	 any lack of validity or enforceability of any Notes Document; 

 

	 	(b)	 any change in the time, place or manner of payment of, or in any other term of, all or any portion of the Notes
Obligations, or any amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding or restatement of any Notes Document; 

 

	 	(c)	 any exchange, release, voiding, avoidance or non-perfection of any
security interest in any Collateral, or any other collateral, or any release, amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding, restatement or increase of all or any
portion of the Notes Obligations or any guarantee or guaranty thereof; or 

  

	 	(d)	 any other circumstances that otherwise might constitute a defense available to, or a discharge of, any Notes
Party in respect of the Notes Obligations, of any of the ABL Agent or any ABL Loan Party, or of the Term Loan Agent or of any Term Loan Party to the extent applicable, in respect of this Agreement 

SECTION 9    MISCELLANEOUS. 

9.1    Conflicts. Subject to Section 9.19 and 9.21, in the event of any conflict between the provisions of this
Agreement and the provisions of any ABL Loan Document, any Term Loan Document, or any Notes Document, the provisions of this Agreement shall govern and control. 

9.2    Term of this Agreement; Severability. 

 

	 	(a)	 This is a continuing agreement of Lien subordination and the First Priority Secured Parties may continue, at
any time and without notice to the Second 

  
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Priority Agent, any Second Priority Secured Party, the Third Priority Agent or any Third Priority Secured Party, to extend credit and other financial accommodations and lend monies to or for the
benefit of the Borrower or any other Grantor constituting First Priority Claims in reliance hereon. The terms of this Agreement shall survive, and shall continue in full force and effect, in any Insolvency Proceeding. Any provision of this Agreement
that is prohibited or unenforceable in any jurisdiction shall not invalidate 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. 

  

	 	(b)	 This Agreement shall terminate and be of no further force and effect: 

 

	 	(i)	 with respect to the ABL Agent, the ABL Secured Parties and the ABL Obligations, upon the Discharge of ABL
Obligations, subject to the rights of the ABL Secured Parties under Section 6.5; 

  

	 	(ii)	 with respect to the Term Loan Agent, the Term Loan Secured Parties and the Term Loan Obligations, upon the
Discharge of Term Loan Obligations, subject to the rights of the Term Loan Secured Parties under Section 6.5; and 

  

	 	(iii)	 with respect to the Notes Agent, the Notes Secured Parties and the Notes Obligations, upon the Discharge of
Notes Obligations, subject to the rights of the Secured Parties under Section 6.5. 

9.3    Amendments; Waivers. 
  

	 	(a)	 No amendment, modification or waiver of any of the provisions of this Agreement by the ABL Agent, the Term Loan
Agent or the Notes Agent shall be deemed to be made unless the same shall be in writing signed on behalf of the party making the same or its authorized agent (on instructions of the applicable Required Lenders or requisite Notes Secured Parties), if
any, and any such waiver shall be a waiver only with respect to the specific instance involved and shall in no way impair the rights of the parties making such waiver or the obligations of the other parties to such party in any other respect or at
any other time. The Borrower and the other Grantors shall not have any right to consent to or approve any amendment, modification or waiver of any provision of this Agreement except in the case of any amendment or waiver that could reasonably be
expected to be adverse to the interests, rights, liabilities or privileges of any Grantor or imposes additional duties or obligations on any Grantor, which shall require the written consent of the Parent and Borrower. The ABL Agent, the Term Loan
Agent, and the Notes Agent shall give written notice of any amendment, modification or waiver of any provision of this Agreement to the ABL Secured Parties, the Term Loan Secured Parties, the Notes Secured Parties and the Grantors; provided that the
failure to give such notice shall not affect the effectiveness of such amendment, modification or waiver. 

  
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	 	(b)	 Subject to compliance with Section 9.3(d) below, upon any Refinancing in full of the ABL Credit Agreement
or the Term Loan Credit Agreement, in each case as then in effect, the Grantors will be permitted to designate the agreement which Refinances the ABL Credit Agreement or the Term Loan Credit Agreement as a replacement ABL Credit Agreement or Term
Loan Credit Agreement, in which case such designated agreement shall thereafter constitute the ABL Credit Agreement or the Term Loan Credit Agreement, as the case may be, for purposes hereof; provided that each predecessor ABL Credit Agreement or
Term Loan Credit Agreement shall continue to be bound by (and entitled to the benefits of) the provisions hereof (including, without limitation, Section 6.5 hereof) as applied to such agreements, the related agreements and all obligations
thereunder prior to the Refinancing thereof. 

  

	 	(c)	 Upon the execution and delivery of the ABL Credit Agreement or the Term Loan Credit Agreement (as contemplated
by preceding clause (b)): 

  

	 	(i)	 The Borrower shall deliver to the ABL Agent and the Term Loan Agent an officer’s certificate stating that
the applicable Grantors in the case of preceding clause (b), intend to enter or have entered into a Refinancing, in whole or in part, of the ABL Credit Agreement or the Term Loan Credit Agreement, as the case may be, that such agreement shall
thereafter (upon any such Refinancing in full) constitute the ABL Credit Agreement or the Term Loan Credit Agreement, as the case may be, and certifying that the issuance or incurrence of such Refinancing is permitted by the ABL Credit Agreement and
the Term Loan Credit Agreement (exclusive of any such agreement which is then being Refinanced in full). The ABL Agent and the Term Loan Agent shall be entitled to rely conclusively on the determination of the Borrower that such issuance and/or
incurrence does not violate the provisions of the ABL Loan Documents or the Term Loan Documents; provided, however, that such determination will not affect whether or not each applicable Grantor has complied with its undertakings in the ABL Loan
Documents or the Term Loan Documents; and (ii) in the case of the preceding clause (b), the Borrower shall provide written notice to each then existing ABL Agent and Term Loan Agent of the new ABL Credit Agreement or the new Term Loan Credit
Agreement, as the case may be, together with copies thereof, and identifying the new ABL Agent or Term Loan Agent (as applicable) thereunder (such new agent, the “New ABL Agent” or “New Term Loan Agent”, as the case may be), and
providing its notice information for purposes hereof, and the New ABL Agent or New Term Loan Agent as the case may be, shall execute and deliver to the ABL Agent or the Term 

  
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Loan Agent (as applicable) (1) an Intercreditor Agreement Joinder acknowledging that its holders shall be bound by the terms hereof and (2) such intercreditor agreements as are required
under the terms of the Term Loan Documents or ABL Documents (as applicable) or as may be required by the Term Loan Agent or ABL Agent (as applicable). 

  

	 	(d)	 In each case above, the Term Loan Agent, the New Term Loan Agent, the ABL Agent and the New ABL Agent shall
promptly enter into such documents and agreements (including amendments, restatements, amendments and restatements, supplements or other modifications to this Agreement) as any of the foregoing (as applicable) (but no other Secured Party) may
reasonably request in order to provide to it the rights, remedies and powers and authorities contemplated hereby, in each case consistent in all respects with the terms of this Agreement. 

 

	 	(e)	 It is understood that the ABL Agent and the Term Loan Agent, without the consent of any other ABL Secured Party
or Term Loan Secured Party, may in their discretion determine that a supplemental agreement (which may take the form of an amendment and restatement of this Agreement) is necessary or appropriate to facilitate having additional Indebtedness or other
obligations of any of the Grantors become Term Loan Obligations or ABL Obligations, as the case may be, under this Agreement (such Indebtedness or other obligations, “Additional Debt”), which supplemental agreement shall, if
applicable, specify whether such Additional Debt constitutes Term Loan Obligations or ABL Obligations; provided that such Additional Debt is permitted to be incurred under the ABL Credit Agreement and the Term Loan Credit Agreement then existing in
accordance with the terms thereof. Each such supplemental agreement (x) shall be in form and substance reasonably satisfactory to the ABL Agent and the Term Loan Agent, (y) shall be executed by the agent with respect to the applicable
series of Additional Debt (and, upon the effectiveness of such supplemental agreement, such agent shall become an “ABL Agent” or a “Term Loan Agent”, as the case may be, hereunder) and (z) shall provide, in a
manner satisfactory to the ABL Agent and the Term Loan Agent, that the agent with respect to any applicable series of Additional Debt and each holder of such series of Additional Debt shall be subject to and bound by the provisions of this
Agreement, as so supplemented, in its capacity as a holder of such series of Additional Debt. 

9.4    Information Concerning Financial Condition of the Borrower and the Subsidiaries. No ABL Agent nor any ABL
Secured Party shall have any obligation to the Term Loan Agent, any Term Loan Secured Party, the Notes Agent or any Notes Secured Party to keep them informed of, and the Term Loan Agent, the Term Loan Secured Parties, the Notes Agent and the Notes
Secured Parties shall not be entitled to rely on, the ABL Agent or the ABL Secured Parties with respect to, (a) the financial condition of the Borrower and the Grantors and all endorsers and/or guarantors of the ABL Obligations or the Term Loan
Obligations and (b) all other circumstances 

  
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bearing upon the risk of nonpayment of the ABL Obligations or the Term Loan Obligations. No Term Loan Agent or any Term Loan Secured Party shall have any obligation to the ABL Agent, any ABL
Secured Party, the Notes Agent or any Notes Secured Party to keep any of them informed of, and the ABL Agent, the ABL Secured Parties, the Notes Agent and the Notes Secured Parties shall not be entitled to rely on, the Term Loan Agent or the Term
Loan Secured Parties with respect to, (a) the financial condition of the Borrower, the Borrower and the Grantors and all endorsers and/or guarantors of the ABL Obligations or the Term Loan Obligations and (b) all other circumstances
bearing upon the risk of nonpayment of the ABL Obligations or the Term Loan Obligations. The ABL Agent, the ABL Secured Parties, the Term Loan Agent, the Term Loan Secured Parties, the Notes Agent and the Notes Secured Parties shall have no duty to
advise any other party hereunder of information known to it or them regarding such condition or any such circumstances or otherwise. In the event that the ABL Agent, any ABL Secured Party, the Term Loan Agent, any Term Loan Secured Party, the Notes
Agent or any Notes Secured Party in its or their sole discretion, undertakes at any time or from time to time to provide any such information to any other party (and Parent, Holdings and the Borrower acknowledge that any such party may do so), it or
they shall be under no obligation (w) to make, and the ABL Agent, the ABL Secured Parties, the Term Loan Agent, the Term Loan Secured Parties, the Notes Agent and the Notes Secured Parties shall not make, any express or implied representation
or warranty, including with respect to the accuracy, completeness, truthfulness or validity of any such information so provided, (x) to provide any additional information or to provide any such information on any subsequent occasion,
(y) to undertake any investigation or (z) to disclose any information that, pursuant to accepted or reasonable commercial finance practices, such party wishes to maintain confidential or is otherwise required to maintain confidential. The
Grantors agree that any information provided to the ABL Agent, the Term Loan Agent, any other ABL Secured Party, any other Term Loan Secured Party, the Notes Agent or any Notes Secured Party may be shared by such person with any of the other Secured
Parties notwithstanding a request or demand by such Grantor that such information be kept confidential; provided that such information shall otherwise be subject to the respective confidentiality provisions in the ABL Credit Agreement, the Term Loan
Credit Agreements, and the Notes Purchase Agreement as applicable. 
 9.5    Subrogation. The Term Loan Agent,
for and on behalf of itself and the applicable Term Loan Secured Parties, agrees that no payment to the ABL Agent or any ABL Secured Party pursuant to the provisions of this Agreement shall entitle such Term Loan Agent or any Term Loan Secured Party
to exercise any rights of subrogation in respect thereof until the Discharge of ABL Obligations shall have occurred. Following the Discharge of ABL Obligations, the ABL Agent agrees to execute such documents, agreements and instruments as the Term
Loan Agent or any Term Loan Secured Party may reasonably request to evidence the transfer by subrogation to any such Person of an interest in the ABL Obligations resulting from payments to the ABL Agent by such Person, so long as all costs and
expenses (including all reasonable legal fees and disbursements) incurred in connection therewith by the ABL Agent are paid by such Person upon request for payment thereof. The ABL Agent, for and on behalf of itself and the ABL Secured Parties,
agrees that no payment to the Term Loan Agent or any Term Loan Secured Party pursuant to the provisions of this Agreement shall entitle the ABL Agent or any ABL Secured Party to exercise any rights of subrogation in respect thereof until the
Discharge of Term Loan Obligations shall have occurred. Following the Discharge of Term Loan Obligations, the Term Loan Agent agrees to execute such documents, agreements and instruments as the ABL Agent or any ABL Secured Party may reasonably
request to evidence the transfer by subrogation to any such Person 

  
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of an interest in the Term Loan Obligations resulting from payments to the Term Loan Agent by such Person, so long as all costs and expenses (including all reasonable legal fees and
disbursements) incurred in connection therewith by such Term Loan Agent are paid by such Person upon request for payment thereof. The Notes Agent, for and on behalf of itself and the applicable Notes Secured Parties, agrees that no payment to the
ABL Agent, any ABL Secured Party, the Term Loan Agent, or any Term Loan Secured Party pursuant to the provisions of this Agreement shall entitle such Notes Agent or any Notes Secured Party to exercise any rights of subrogation in respect thereof
until the Discharge of ABL Obligations and a Discharge of Term Loan Obligations shall have occurred. 

9.6    Application of Payments. 
  

	 	(a)	 Except as otherwise provided herein, all payments received by the ABL Secured Parties may be applied, reversed
and reapplied, in whole or in part, to such part of the ABL Obligations as the ABL Secured Parties, in their sole discretion, deem appropriate, consistent with the terms of the ABL Loan Documents. Except as otherwise provided herein, the Term Loan
Agent, on behalf of itself and each applicable Term Loan Secured Party, assents to any such extension or postponement of the time of payment of the ABL Obligations or any part thereof and to any other indulgence with respect thereto, to any
substitution, exchange, release or discharge of any security that may at any time secure any part of the ABL Obligations and to the addition or release of any other Person primarily or secondarily liable therefor. Except as otherwise provided
herein, the Notes Agent, on behalf of itself and each applicable Notes Secured Party, assents to any such extension or postponement of the time of payment of the ABL Obligations or any part thereof and to any other indulgence with respect thereto,
to any substitution, exchange, release or discharge of any security that may at any time secure any part of the ABL Obligations and to the addition or release of any other Person primarily or secondarily liable therefor. 

 

	 	(b)	 Except as otherwise provided herein, all payments received by the Term Loan Secured Parties may be applied,
reversed and reapplied, in whole or in part, to such part of the Term Loan Obligations as the Term Loan Secured Parties, in their sole discretion, deem appropriate, consistent with the terms of the Term Loan Documents. Except as otherwise provided
herein, the ABL Agent, on behalf of itself and each ABL Secured Party, assents to any such extension or postponement of the time of payment of the Term Loan Obligations or any part thereof and to any other indulgence with respect thereto, to any
substitution, exchange, release or discharge of any security that may at any time secure any part of the Term Loan Obligations and to the addition or release of any other Person primarily or secondarily liable therefor. Except as otherwise provided
herein, the Notes Agent, on behalf of itself and each Notes Secured Party, assents to any such extension or postponement of the time of payment of the Term Loan Obligations or any part thereof and to any other indulgence with respect thereto, to any
substitution, exchange, release or discharge of any security that may at any time secure any part of the Term Loan Obligations and to the addition or release of any other Person primarily or secondarily liable therefor. 

  
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 9.7    Consent to Jurisdiction; Waivers. The parties hereto
consent to the exclusive jurisdiction of any state or federal court located in New York, New York (the “New York Courts”), and consent that all service of process may be made by registered mail directed to such party as provided in
Section 9.9 for such party. Service so made shall be deemed to be completed three days after the same shall be posted as aforesaid. The parties hereto waive any objection to any action instituted hereunder in any such court based on forum non-conveniens, and any objection to the venue of any action instituted hereunder in any such court. 
 EACH PARTY HERETO
HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN
THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS
SECTION. 
 9.8    Notices. All notices to the ABL Secured Parties, the Term Loan Secured Parties or the Notes
Secured Parties permitted or required under this Agreement may be sent to the ABL Agent, the Term Loan Agent, or the Notes Agent as provided in the ABL Credit Agreement, the Term Loan Credit Agreement, or the Note Purchase Agreement, as applicable.
Unless otherwise specifically provided herein, any notice or other communication herein required or permitted to be given shall be in writing and may be personally served, electronically mailed or sent by courier service or mail and shall be deemed
to have been given when delivered in person or by courier service, upon receipt of electronic mail or upon receipt via mail (registered or certified, with postage prepaid and properly addressed). For the purposes hereof, the addresses of the parties
hereto shall be as set forth below each party’s name on the signature pages hereto, or, as to each party, at such other address as may be designated by such party in a written notice to all of the other parties and as otherwise provided in the
ABL Loan Documents and the Term Loan Documents. The ABL Agent, the Term Loan Agent, and the Notes Agent hereby agree to promptly notify each other Agent upon payment in full in cash of all Indebtedness under the ABL Loan Documents (and, in the case
of the ABL Loan Documents and any applicable Term Loan Documents, a corresponding termination of all commitments to lend thereunder), in the case of the ABL Agent, the applicable Term Loan Documents, in the case of the Term Loan Agent (except for
contingent indemnities and cost and reimbursement obligations to the extent no claim therefor has been made), or the applicable Notes Documents, in the case of the Notes Agent (except for contingent indemnities and cost and reimbursement obligations
to the extent no claim therefor has been made). 

  
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 9.9    Further Assurances. The ABL Agent, on behalf of itself and
each ABL Secured Party, and the Term Loan Agent, on behalf of itself and each Term Loan Secured Party, agrees that each of them shall take such further action and shall execute and deliver to the ABL Agent, the ABL Secured Parties, the Term Loan
Agent and the Term Loan Secured Parties (as applicable) such additional documents and instruments (in recordable form, if requested) as the ABL Agent, the ABL Secured Parties, the Term Loan Agent or the Term Loan Secured Parties may reasonably
request, at the expense of the Borrower, to effectuate the terms of and the Lien priorities contemplated by this Agreement. The Notes Agent, on behalf of itself and each Notes Secured Party, agrees that each of them shall take such further action
and shall execute and deliver to the ABL Agent, the ABL Secured Parties, the Term Loan Agent and the Term Loan Secured Parties (as applicable) such additional documents and instruments (in recordable form, if requested) as the ABL Agent, the ABL
Secured Parties, the Term Loan Agent or the Term Loan Secured Parties may reasonably request, at the expense of the Borrower, to effectuate the terms of and the Lien priorities contemplated by this Agreement. 

9.10    Governing Law. This Agreement has been delivered and accepted in and shall be deemed to have been made in
New York, New York and shall be interpreted, and the rights and liabilities of the parties bound hereby determined, in accordance with the laws of the State of New York. 

9.11    Specific Performance. Each First Priority Agent may demand specific performance of this Agreement. Each
Second Priority Agent, on behalf of itself and each applicable Second Priority Secured Party, hereby irrevocably waives any defense based on the adequacy of a remedy at law and any other defense that might be asserted to bar the remedy of specific
performance in any action that may be brought by the First Priority Agent. Each Third Priority Agent, on behalf of itself and each applicable Third Priority Secured Party, hereby irrevocably waives any defense based on the adequacy of a remedy at
law and any other defense that might be asserted to bar the remedy of specific performance in any action that may be brought by the First Priority Agent or the Second Priority Agent. 

9.12    Section Titles. The section titles contained in this Agreement are and shall be without substantive meaning
or content of any kind whatsoever and are not a part of this Agreement. 
 9.13    Counterparts. This Agreement
may be executed in one or more counterparts, including by means of electronic transmission, each of which shall be an original and all of which shall together constitute one and the same document. Delivery of an executed counterpart of a signature
page of this Agreement by e-mail transmission (e.g. “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this Agreement. 

9.14    Authorization. By its signature, each Person executing this Agreement on behalf of a party hereto
represents and warrants to the other parties hereto that it is duly authorized to execute this Agreement. The ABL Agent represents and warrants that this Agreement is binding upon the ABL Secured Parties. The Term Loan Agent represents and warrants
that this Agreement is binding upon the applicable Term Loan Secured Parties. The Notes Agent represents and warrants that this Agreement is binding upon the applicable Notes Secured Parties. In furtherance of and without limiting the foregoing
representations, by accepting the benefits of this Agreement and the 

  
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other ABL Loan Documents, each ABL Secured Party authorizes the ABL Agent to enter into this Agreement and to act on its behalf as collateral agent hereunder and in connection herewith. By
accepting the benefits of this Agreement and the other applicable Term Loan Documents, each Term Loan Secured Party authorizes the Term Loan Agent under such Term Loan Documents to enter into this Agreement and to act on its behalf as collateral
agent hereunder and in connection herewith. By accepting the benefits of this Agreement and the other applicable Notes Documents, each Notes Secured Party authorizes the Notes Agent under such Notes Documents to enter into this Agreement and to act
on its behalf as collateral agent hereunder and in connection herewith. 
 9.15    No Third Party Beneficiaries;
Successors and Assigns. This Agreement and the rights and benefits hereof shall inure to the benefit of, and be binding upon, each of the parties hereto and their respective successors and assigns and shall inure to the benefit of each of, and
be binding upon, the holders of ABL Obligations, Term Loan Obligations, and Notes Obligations. No other Person shall have or be entitled to assert rights or benefits hereunder. Without limiting the generality of the foregoing, any person to whom a
Secured Party assigns or otherwise transfers all or any portion of the ABL Obligations, the Term Loan Obligations, or Notes Obligations as applicable, in accordance with the ABL Loan Documents, Term Loan Documents, or Notes Documents, as the case
may be, shall become vested with all the rights and obligations in respect thereof granted to such Secured Parties, without any further consent or action of the other Secured Parties. 

9.16    Effectiveness. This Agreement shall become effective when executed and delivered by the parties hereto.
This Agreement shall be effective both before and after the commencement of any Insolvency Proceeding. All references to the Borrower or any other Grantor shall include the Borrower or any other Grantor as debtor and
debtor-in-possession and any agent, trustee, receiver, interim receiver or similar Person for the Borrower, the Borrower or any other Grantor (as the case may be) in any
Insolvency Proceeding. 
 9.17    ABL Agent, Term Loan Agent and Notes Agent. It is understood and agreed
that (i) Bank of America is entering into this Agreement in its capacity as the ABL Agent and the provisions of the ABL Credit Agreement applicable to Bank of America as Administrative Agent shall also apply to Bank of America as the ABL Agent
hereunder, (ii) CLMG is entering into this Agreement in its capacities as administrative agent and collateral agent under the Term Loan Credit Agreement and the provisions of Section 8 of the Term Loan Credit Agreement applicable to CLMG
as administrative agent or collateral agent thereunder shall also apply to CLMG as a Term Loan Agent, and (iii) WSFS is entering into this Agreement in its capacity as collateral agent under the Note Purchase Agreement in taking (or forbearing
from taking) any action under or pursuant to this Agreement, WSFS shall be have and be protected by all of the rights, immunities, indemnities and other protections granted to it under Article X of the Note Purchase Agreement and the other Notes
Documents. It is further understood that any determination, request, direction, consent or election, deeming any action or document reasonable, appropriate or satisfactory, exercising discretion, or exercising any right or duty under this Agreement
to be made by the Notes Agent shall be pursuant to direction from the Requisite Holders (as defined in the Note Purchase Agreement) or such other higher percentage of Notes Secured Parties under the Notes Document as shall be required to consent
pursuant to the terms thereof. 

  
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 9.18    Limitation on Term Loan Agent’s, ABL
Agent’s and Notes Agent’s Responsibilities. 
  

	 	(a)	 The Term Loan Agent, the ABL Agent and the Notes Agent may execute any of the powers granted under this
Agreement and perform any duty hereunder either directly or by or through agents or attorneys-in-fact, and shall not be responsible for the gross negligence or willful
misconduct of any agents or attorneys-in-fact selected by it with reasonable care and without gross negligence or willful misconduct. 

 

	 	(b)	 Neither the Term Loan Agent nor the ABL Agent shall be deemed to have actual, constructive, direct or indirect
notice or knowledge of the occurrence of any Event of Default (under, and as defined in, any Credit Agreement as in effect on the date hereof) unless and until the Term Loan Agent or the ABL Agent (as applicable) shall have received a written notice
of such Event of Default or a written notice from any Grantor or any Secured Party to such Person in such capacity indicating that such an Event of Default has occurred. Neither the Term Loan Agent nor the ABL Agent shall have any obligation either
prior to or after receiving such notice to inquire whether such an Event of Default has, in fact, occurred and shall be entitled to rely conclusively, and shall be fully protected in so relying, on any notice so furnished to it.

 9.19    Relationship with Other Intercreditor Agreements. The purpose of this Agreement is
to define the relative rights and priorities between the ABL Secured Parties as one class, the Term Loan Secured Parties as one class, and the Notes Secured Parties as one class. This Agreement is the “Intercreditor Agreement” referred to
in each of the ABL Credit Agreement, the Term Loan Credit Agreement, and the Note Purchase Agreement. 

9.20    Relative Rights. Notwithstanding anything in this Agreement to the contrary (except to the extent
contemplated by Section 5.3(d) or (e)), nothing in this Agreement is intended to or will (a) amend, waive or otherwise modify the provisions of the ABL Credit Agreement, the Term Loan Credit Agreement, any other ABL Loan Document, any
other Term Loan Document, the Note Purchase Agreement, or any other Notes Document, or permit Holdings, the Borrower or any Subsidiary to take any action, or fail to take any action, to the extent such action or failure would otherwise constitute a
breach of, or default under, the ABL Credit Agreement, any other ABL Loan Documents, the Term Loan Credit Agreement, any other Term Loan Document, the Note Purchase Agreement or any other Notes Document, (b) change the relative priorities of
the ABL Obligations or the Liens granted under the ABL Loan Documents on the ABL Collateral (or any other assets) as among the ABL Secured Parties, change the relative priorities of the Term Loan Obligations or the Liens granted under the Term Loan
Documents on the Term Loan Collateral (or any other assets) as among the Term Loan Secured Parties, or change the relative priorities of the Notes Obligations or the Liens granted under the Notes Documents on the Notes Collateral (or any other
assets) as among the Notes Secured Parties, (c) otherwise change the relative rights of the ABL Secured Parties in respect of the Collateral as among such ABL Secured Parties, the relative rights of the Term Loan Secured Parties in respect of
the Term Loan Collateral as among such Term Loan Secured Parties, or the relative rights of the Notes Secured Parties in 

  
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respect of the Notes Collateral as among such Notes Secured Party or (d) obligate Parent, Holdings, the Borrower, the Borrower or any Subsidiary to take any action, or fail to take any
action, that would otherwise constitute a breach of, or default under, the ABL Credit Agreement, any other ABL Loan Document, the Term Loan Credit Agreement, any other Term Loan Document, the Note Purchase Agreement, or any other Notes Document.
None of Parent, Holdings, Borrower or any Subsidiary shall have any rights hereunder except as expressly set forth herein (including as set forth in Section 9.4). 

9.21    Additional Grantors. Holdings will promptly cause each Person that becomes a Grantor to execute and deliver
to the ABL Agent, the Term Loan Agent and Notes Agent party hereto an acknowledgment to this Agreement substantially in the form of Exhibit A, whereupon such Person will be bound by the terms hereof to the same extent as if it had executed
and delivered this Agreement as of the date hereof. The parties hereto further agree that, notwithstanding any failure to take the actions required by the immediately preceding sentence, each Person that becomes a Grantor at any time (and any
security granted by any such Person) shall be subject to the provisions hereof as fully as if the same constituted a Grantor party hereto and had complied with the requirements of the immediately preceding sentence. 

9.22    Amendment and Restatement. This Agreement constitutes an amendment and restatement of the Original
Intercreditor Agreement effective from and after the date hereof. Nothing herein contained shall be construed as an intent to effect any novation of the rights and remedies of the ABL Agent, ABL Secured Parties, Term Loan Agent and Term Loan Secured
Parties contained in the Original Intercreditor Agreement. 
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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first
above written. 
  

					
	BANK OF AMERICA, N.A.,
	as ABL Agent
		
	By:	 	/s/ Tanner J. Pump
		 	Name:	 	Tanner J. Pump
		 	Title:	 	Senior Vice President

  

			
	Address:
	
	Bank of America, N.A.
	901 Main Street, 11th Floor
	MailCode: TX1-492-11-23
	Dallas, Texas 75202
		
	Attention:	 	Tanner J. Pump
	Telephone:	 	(214) 209-4755
	Email:	 	tanner.pump@baml.com

  
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	CLMG CORP.,
	as Term Loan Agent
		
	By:	 	/s/ James Erwin
		 	Name:	 	James Erwin
		 	Title:	 	President

  

					
	Address:	 	7195 Dallas Parkway, Plano, TX 75024
	Attention:	 	James Erwin	 	
	Email:	 	Jerwin@clmgcorp.com	 	

  
 Page 83 

 
					
	WILMINGTON SAVINGS FUND SOCIETY, FSB
	as Notes Agent
		
	By:	 	/s/ Geoffrey J. Lewis
		 	Name:	 	Geoffrey J. Lewis
		 	Title:	 	Vice President

  

			
	 500 Delaware Avenue, 11th Floor

Wilmington, DE 19801
 Attention: Patrick J. Healy

Facsimile: (302) 421-9137
 Telephone: (302) 888-7420

Email: Phealy@wsfsbank.com
 With a copy to:

Wilmington Savings Fund Society, FSB
 500 Delaware Avenue, 11th
Floor
 Wilmington DE 19801
 Attention: Geoffrey J. Lewis

Telephone: (302) 573-3218
 Email: GLewis@wsfsbank.com

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

Brown Rudnick LLP
 One Financial Center

Boston, MA 02111
 Attention: Tia C. Wallach

Telephone: (617) 856-8181
 Email:
twallach@brownrudnick.com

  
 Page 84 

 
					
	U.S. WELL SERVICES, LLC,
	for purposes of Sections 5.5(g), 5.5(h) and 9.3(c)
		
	By:	 	/s/ Kyle O’Neill
		 	Name:	 	Kyle ONeill
		 	Title:	 	Chief Financial Officer
		
	Address:	 	1360 Post Oak Blvd., 18 Floor
	Attention:	 	Kyle ONeill
	Email:	 	koneill@uswellservices.com

  
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 ACKNOWLEDGMENT 

The Parent, Holdings, the Borrower, the Borrower and each other Grantor hereby acknowledge that they have received a copy of the foregoing
Amended and Restated Intercreditor Agreement as in effect on the date hereof and consent thereto, agree to recognize all rights granted thereby to the ABL Agent, the ABL Secured Parties, the Term Loan Agent, the Term Loan Secured Parties, the Notes
Agent and the Notes Secured Parties, waive the provisions of Section 9-615(a) of the UCC in connection with the application of proceeds of Collateral in accordance with the provisions of the Amended and
Restated Intercreditor Agreement, agree that they will not do any act or perform any obligation which is not in accordance with the agreements set forth in this Agreement as in effect on the date hereof. The Borrower and each other Grantor further
acknowledge and agree that they are not intended beneficiaries or third party beneficiaries under this Agreement and (i) as between the ABL Secured Parties, the Borrower, the Borrower and other Grantors, the ABL Loan Documents remain in full
force and effect as written and are in no way modified hereby, (ii) as between the Term Loan Secured Parties, the Borrower and other Grantors, the Term Loan Documents remain in full force and effect as written and are in no way modified hereby,
and (iii) as between the Notes Secured Parties, the Borrower and other Grantors, the Notes Documents remain in full force and effect as written and are in no way modified hereby. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

 
					
	U.S. WELL SERVICES, LLC, as Borrower
			
	By:	 		 	/s/ Kyle O’Neill
		 	Name:	 	Kyle O’Neill
		 	Title:	 	Chief Financial Officer
	
	U.S. WELL SERVICES, INC., as Parent
			
	By:	 		 	/s/ Kyle O’Neill
		 	Name:	 	Kyle O’Neill
		 	Title:	 	Chief Financial Officer
	
	USWS HOLDINGS LLC, as Holdings
			
	By:	 		 	/s/ Kyle O’Neill
		 	Name:	 	Kyle O’Neill
		 	Title:	 	Chief Financial Officer
	
	USWS FLEET 10, LLC, as Guarantor
			
	By:	 		 	/s/ Kyle O’Neill
		 	Name:	 	Kyle O’Neill
		 	Title:	 	Chief Financial Officer
	
	USWS FLEET 11, LLC, as Guarantor
			
	By:	 		 	/s/ Kyle O’Neill
		 	Name:	 	Kyle ONeill
		 	Title:	 	Chief Financial Officer

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