Document:

EX-10.1

 Exhibit 10.1 

Execution Version 
  

 
  

COLLATERAL AGREEMENT 
 made by

 GOGO INC., 
 GOGO INTERMEDIATE
HOLDINGS LLC, 
 GOGO FINANCE CO. INC. 

and certain of their Subsidiaries 

in favor of 
 U.S. BANK NATIONAL
ASSOCIATION, 
 as Collateral Agent 

Dated as of April 25, 2019 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 Section 1.
	 	DEFINED TERMS	  	 	2	 
			
	  1.1
	 	Definitions	  	 	2	 
	  1.2
	 	Other Definitional Provisions	  	 	10	 
			
	 Section 2.
	 	[Reserved]	  	 	11	 
			
	 Section 3.
	 	GRANT OF SECURITY INTEREST; CONTINUING LIABILITY UNDER COLLATERAL	  	 	11	 
			
	 Section 4.
	 	REPRESENTATIONS AND WARRANTIES	  	 	12	 
			
	  4.1
	 	[Reserved]	  	 	12	 
	  4.2
	 	Title; No Other Liens	  	 	12	 
	  4.3
	 	Valid, Perfected First Priority Liens	  	 	13	 
	  4.4
	 	Name; Jurisdiction of Organization, Etc.	  	 	14	 
	  4.5
	 	Inventory and Equipment	  	 	14	 
	  4.6
	 	Special Collateral; Excluded Collateral	  	 	14	 
	  4.7
	 	Investment Property	  	 	15	 
	  4.8
	 	Receivables	  	 	15	 
	  4.9
	 	Intellectual Property	  	 	16	 
	  4.10
	 	Letter of Credit Rights	  	 	17	 
	  4.11
	 	Commercial Tort Claims	  	 	17	 
			
	 Section 5.
	 	COVENANTS	  	 	17	 
			
	  5.1
	 	[Reserved]	  	 	17	 
	  5.2
	 	Delivery and Control of Instruments and Certificated Securities, Deposit Accounts, Securities Accounts	  	 	17	 
	  5.3
	 	Maintenance of Perfected Security Interest; Further Documentation	  	 	18	 
	  5.4
	 	Changes in Locations, Name, Jurisdiction of Incorporation, etc.	  	 	18	 
	  5.5
	 	Notices	  	 	18	 
	  5.6
	 	Investment Property	  	 	19	 
	  5.7
	 	Voting and Other Rights with Respect to Pledged Securities	  	 	20	 
	  5.8
	 	Receivables	  	 	20	 
	  5.9
	 	Intellectual Property	  	 	21	 
	  5.10
	 	Government Receivables	  	 	23	 
	  5.11
	 	Insurance Certificates and Endorsements	  	 	23	 
	  5.12
	 	Material Real Property	  	 	23	 
			
	 Section 6.
	 	REMEDIAL PROVISIONS	  	 	24	 
			
	  6.1
	 	Certain Matters Relating to Receivables	  	 	24	 
	  6.2
	 	Communications with Obligors; Grantors Remain Liable	  	 	25	 
	  6.3
	 	Proceeds to be Turned Over To Collateral Agent	  	 	25	 
	  6.4
	 	[Reserved]	  	 	25	 
	  6.5
	 	Code and Other Remedies	  	 	26	 
	  6.6
	 	Effect of Securities Laws	  	 	28	 
	  6.7
	 	Deficiency	  	 	28	 
	  6.8
	 	Compliance with FCC Laws	  	 	28	 

  
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	 Section 7.
	 	 POWER OF ATTORNEY; AUTHORIZATION OF FINANCING STATEMENTS
	  	 	28	 
			
	  7.1
	 	Collateral Agent’s Appointment as Attorney-in-Fact, etc.	  	 	28	 
	  7.2
	 	Authorization of Financing Statements	  	 	30	 
			
	 Section 8.
	 	 THE COLLATERAL AGENT
	  	 	31	 
			
	  8.1
	 	Authority of Collateral Agent	  	 	31	 
			
	 Section 9.
	 	 MISCELLANEOUS
	  	 	32	 
			
	  9.1
	 	Amendments in Writing	  	 	32	 
	  9.2
	 	Notices	  	 	32	 
	  9.3
	 	No Waiver by Course of Conduct; Cumulative Remedies	  	 	32	 
	  9.4
	 	Expenses; Indemnification	  	 	32	 
	  9.5
	 	Successors and Assigns	  	 	32	 
	  9.6
	 	Set-Off	  	 	32	 
	  9.7
	 	Counterparts	  	 	33	 
	  9.8
	 	Severability	  	 	33	 
	  9.9
	 	Section Headings	  	 	33	 
	  9.10
	 	[Reserved]	  	 	33	 
	  9.11
	 	GOVERNING LAW	  	 	33	 
	  9.12
	 	Submission to Jurisdiction; Waivers	  	 	33	 
	  9.13
	 	Acknowledgments	  	 	34	 
	  9.14
	 	Additional Grantors	  	 	34	 
	  9.15
	 	Releases	  	 	34	 
	  9.16
	 	WAIVER OF JURY TRIAL	  	 	35	 
	  9.17
	 	Collateral Agency Agreement	  	 	35	 

  
 ii 

	
	Schedules
	
	Schedule 1 – Notice Addresses of Grantors
	Schedule 2 – Description of Pledged Investment Property
	Schedule 3 – Filings and Other Actions Required to Perfect Security Interests
	Schedule 4 – Exact Legal Name, Jurisdiction of Organization, Location of Chief Executive Office or Sole Place of Business (if Applicable) and Organizational ID
	Schedule 5 – Location of Inventory and Equipment
	Schedule 6 – Copyrights, Patents, Trademarks and Exclusive Licenses to Registered United States Copyrights, Patents and Trademarks
	Schedule 7 – Material Excluded Assets
	Schedule 8 – Letter of Credit Rights
	Schedule 9 – Commercial Tort Claims
	
	Exhibits
	
	Exhibit A-1 – Form of Copyright Security Agreement
	Exhibit A-2 – Form of Patent Security Agreement
	Exhibit A-3 – Form of Trademark Security Agreement
	
	Annex
	
	Annex 1 – Form of Assumption Agreement

  

  
 iii 

 COLLATERAL AGREEMENT dated as of April 25, 2019 among each of the signatories hereto designated as a
Grantor on the signature pages hereto (together with any other entity that may become a party hereto as a Grantor as provided herein, the “Grantors”) and U.S. BANK NATIONAL ASSOCIATION, as collateral agent (in such capacity,
together with its permitted successors and assigns in such capacity, the “Collateral Agent”) for the Priority Lien Secured Parties (as defined in such Collateral Agency Agreement referred to below) pursuant to the Collateral Agency
Agreement referred to below. 
 W I T N E S S E T H: 

WHEREAS, Gogo Intermediate Holdings LLC, a Delaware limited liability company, and Gogo Finance Co. Inc., a Delaware corporation, issued 9.875% Senior Secured
Notes due 2024 (the “Notes”) in an aggregate principal amount of $905,000,000 pursuant to an Indenture dated as of the date hereof (as amended, waived, supplemented or otherwise modified from time to time, the
“Indenture”) among Gogo Intermediate Holdings LLC, Gogo Finance Co. Inc., the guarantors from time to time party thereto and U.S. Bank National Association, as trustee thereunder; 

WHEREAS, the Grantors may from time to time incur additional Priority Lien Obligations in accordance with the terms of the Secured Debt Documents (as defined
in the Collateral Agency Agreement) and the Collateral Agency Agreement; 
 WHEREAS, Gogo Intermediate Holdings LLC and Gogo Finance Co. Inc. are members of
an affiliated group of companies that includes each other Grantor; 
 WHEREAS, Gogo Intermediate Holdings LLC, Gogo Finance Co. Inc. and the other Grantors
are engaged in related businesses and each Grantor will derive substantial direct and indirect benefit from the making of the extensions of credit under the Priority Lien Documents (as defined in the Collateral Agency Agreement); 

WHEREAS, the Grantors, the Collateral Agent and the Priority Lien Representatives (as defined in the Collateral Agency Agreement) have entered into a
Collateral Agency Agreement dated as of the date hereof (as amended, waived, supplemented or otherwise modified from time to time, including in connection with the joinder of any Junior Lien Representatives (as defined in the Collateral Agency
Agreement) and other future parties thereto from time to time, the “Collateral Agency Agreement”); and 
 WHEREAS, it is a condition
precedent to the obligation of the Priority Lien Secured Parties to make their respective extensions of credit to the Grantors under the Priority Lien Documents that the Grantors shall have executed and delivered this Agreement to the Collateral
Agent for the benefit of the Priority Lien Secured Parties. 
 NOW, THEREFORE, in consideration of the premises and to induce the Collateral Agent and the
Priority Lien Secured Parties to enter into the Priority Lien Documents and to induce the Priority Lien Secured Parties to make their respective extensions of credit to the Grantors thereunder, and for other good and valuable consideration the
receipt and sufficiency of which is hereby acknowledged, each Grantor hereby agrees with the Collateral Agent, for the benefit of the Priority Lien Secured Parties, as follows: 

  
 1 

 SECTION 1. DEFINED TERMS 

1.1 Definitions. (a) Unless otherwise defined herein, terms defined in the Collateral Agency Agreement and used herein shall have
the meanings given to them in the Collateral Agency Agreement, and the following terms which are defined in the UCC are used herein as so defined (and if defined in more than one article of the UCC shall have the meaning specified in Article 9
thereof): Accounts, Account Debtor, As-Extracted Collateral, Authenticate, Certificated Security, Chattel Paper, Commodity Account, Commodity Contract, Commodity Intermediary, Documents, Electronic Chattel
Paper, Entitlement Order, Equipment, Farm Products, Financial Asset, Fixtures, General Intangibles, Goods, Health-Care-Insurance Receivable, Instruments, Inventory, Letter of Credit Rights, Manufactured Homes, Money, Payment Intangibles, Securities
Account, Securities Intermediary, Security, Security Entitlement, Supporting Obligations, Tangible Chattel Paper and Uncertificated Security. 

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

“ABL Agent” shall have the meaning set forth in the Crossing Lien Intercreditor Agreement. 

“ABL Credit Agreement” shall have the meaning set forth in the Crossing Lien Intercreditor Agreement. 

“ABL Documents” shall have the meaning set forth in the Crossing Lien Intercreditor Agreement. 

“ABL Obligations” shall have the meaning set forth in the Indenture. 

“ABL Priority Collateral” shall have the meaning set forth in the Crossing Lien Intercreditor Agreement. 

“After-Acquired Intellectual Property” shall have the meaning set forth in Section 5.9(c). 

“Agreement” shall mean this Collateral Agreement, as the same may be amended, restated, supplemented, or
otherwise modified from time to time. 
 “Cash Equivalents” shall have the meaning set forth in the
Indenture and shall include any similar term in any other Priority Lien Document. 
 “Cash Flow Priority
Collateral” shall have the meaning set forth in the Crossing Lien Intercreditor Agreement. 

“Collateral” shall have the meaning set forth in Section 3(a). 

“Collateral Account” shall mean any collateral account established by the Collateral Agent as provided in
Section 6.1 or 6.3. 
 “Collateral Agency Agreement” shall have the meaning set forth in the recitals
to this Agreement. 
 “Collateral Agent” shall have the meaning set forth in the preamble to this Agreement.

 “Commodity Exchange Act” shall mean the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended
from time to time, and any successor statute. 
 “Communications Act” shall mean the Communications Act of
1934, and any similar or successor Federal statute, and the rules and regulations of the FCC or any other similar or successor agency thereunder. 

  
 2 

 “Communications Laws” shall mean all laws, rules,
regulations, codes, ordinances, orders, decrees, judgments, injunctions, notices or binding agreements issued, promulgated or entered into by a Governmental Authority (including the FCC) relating in any way to the use of radiofrequency spectrum or
the offering or provision of video, communications, telecommunications or information services (including the Communications Act). 

“Copyright Licenses” shall mean all written licenses providing for the grant to or from a Grantor of any right
in or to any Copyright (including as of the date hereof, without limitation, those listed on Schedule 6). 

“Copyrights” shall mean, with respect to any Grantor, all of such Grantor’s right, title and interest in
and to all copyrightable works of authorship, all United States and foreign copyrights (whether or not the underlying works of authorship have been published), including but not limited to copyrights in software and databases, all designs (including
but not limited to all industrial designs, “Protected Designs” within the meaning of 17 U.S.C. 1301 et. Seq. and Community designs), and all “Mask Works” (as defined in 17 U.S.C. 901 of the U.S. Copyright Act), whether registered
or unregistered, and with respect to any and all of the foregoing: (i) all registrations and applications for registration thereof including as of the date hereof, without limitation, the registrations and applications listed on Schedule 6,
(ii) all extensions, renewals, and restorations thereof, (iii) all rights to sue or otherwise recover for any past, present and future infringement or other violation thereof, (iv) all Proceeds of the foregoing, including, without
limitation, license fees, royalties, income, payments, claims, damages and proceeds of suit now or hereafter due and/or payable with respect thereto, and (v) all other copyright rights accruing thereunder or pertaining thereto throughout the
world. 
 “Crossing Lien Intercreditor Agreement” shall have the meaning set forth in the Indenture. 

“Deposit Account” shall mean all “deposit accounts” as defined in Article 9 of the UCC and all other
accounts maintained with any financial institution (other than Securities Accounts or Commodity Accounts), and shall include as of the date hereof, without limitation, all of the accounts listed on Schedule 2 hereto under the heading
“Deposit Accounts” together, in each case, with all funds held therein and all certificates or instruments representing any of the foregoing. 

“Discharge of ABL Obligations” shall have the meaning set forth in the Crossing Lien Intercreditor Agreement.

 “Equity Interests” (i) shall mean with respect to any Person, any and all shares, interests, rights to
purchase, warrants, options, participations or other equivalents, including membership interests (however designated, whether voting or non-voting) of the equity of such Person, including, if such person is a
partnership, partnership interests (whether general or limited), if such Person is a limited liability company, membership interests, and, if such Person is a trust, all beneficial interests therein, and shall also include any other interest or
participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of property of, such corporation, partnership, limited liability company or trust, whether outstanding on the date hereof or issued on
or after the date hereof and (ii) shall include, without limitation, all Pledged Stock, Pledged Partnership Interests and Pledged LLC Interests. 

  
 3 

 “Excluded Assets” shall mean (i) any permit, lease,
license, contract or agreement to which any Grantor is a party or any of its rights or interests thereunder if and only to the extent that the grant of a security interest hereunder (a) is prohibited by or a violation of any law, rule or
regulation applicable to such Grantor or (b) shall constitute or result in a breach of a term or provision of, or the termination or a default under the terms of, such permit, lease, license, contract or agreement (other than to the extent that
any such law, rule, regulation, term or provision would be rendered ineffective pursuant to Sections 9-406, 9-407, 9-408 or 9-409 of the UCC of any relevant jurisdiction or any other applicable law (including any debtor relief law or principle of equity); provided, however, that the Collateral shall include (and such
security interest shall attach and the definition of Excluded Assets shall not then include) immediately at such time as the contractual or legal prohibition shall no longer be applicable and to the extent severable, and shall attach immediately to
any portion of such permit, lease, license, contract or agreement not subject to the prohibitions specified in clauses (a) or (b) above; provided further that the exclusions referred to in clause (i) of this definition shall
not include any Proceeds of such permit, lease, license, contract or agreement, (ii) property owned by any Grantor that is subject to a purchase money Lien or Capitalized Lease Obligation (as defined in the Indenture and including any similar
term in any other Priority Lien Document) incurred in accordance with the terms of the Priority Lien Documents if the agreement pursuant to which such Lien is granted (or the document providing for such Capitalized Lease Obligation) prohibits, or
requires the consent of any Person other than the Grantors which has not been obtained as a condition to, the creation of any other Lien on such property, (iii) any
“intent-to-use” application for registration of a Trademark filed pursuant to Section 1(b) of the Lanham Act, 15 U.S.C. § 1051, prior to the filing
and acceptance of a “Statement of Use” pursuant to Section 1(d) of the Lanham Act or an “Amendment to Allege Use” pursuant to Section 1(c) of the Lanham Act with respect thereto, solely to the extent, if any, that, and
solely during the period, if any, in which, the grant of a security interest therein could impair the validity or enforceability of any registration that issues from such
intent-to-use application under applicable federal law (“Intent-to-Use
Applications”), (iv) any trucks, trailers, tractors, service vehicles, automobiles, construction and earth moving equipment, rolling stock or other registered mobile equipment or other Equipment of any nature covered by certificates of
title law of any jurisdiction and all tires and other appurtenances to any of the foregoing, to the extent a Lien on any such assets may not be perfected by the filing of a UCC financing statement, (v) Excluded Foreign Restricted Subsidiary
Voting Stock, (vi) Letter of Credit Rights and commercial tort claims individually with a value of less than $1,000,000, in each case, that do not constitute Proceeds of Collateral, (vii) those assets over which the granting of security
interests in such assets would result in material adverse tax consequences as reasonably determined by the Gogo Intermediate Holdings LLC (it being understood that the Grantors shall not be required to enter into any security agreements or pledge
agreements governed by foreign law), (viii) assets to the extent the granting or perfecting of a security interest in such assets would result in costs or other consequences to Gogo Intermediate Holdings LLC or any of its Subsidiaries as reasonably
determined by Gogo Intermediate Holdings LLC and the Collateral Agent that are excessive in view of the benefits that would be obtained by the Priority Lien Secured Parties, (ix) any margin stock (within the meaning of Regulation U issued by
the Federal Reserve Board), (x) any aircraft, airframes, aircraft engines or helicopters, or any Equipment or other assets constituting a part thereof, to the extent a Lien on any such assets may not be perfected by the filing of a UCC financing
statement, (xi) leased cell towers to the extent a leasehold mortgage is required to create or perfect a security interest therein and (xii) Deposit Accounts exclusively used for payroll, payroll taxes and other employee wage and benefit
payments. 
 “Excluded Foreign Restricted Subsidiary Voting Stock” shall mean, prior to the first
anniversary of a Foreign Restricted Subsidiary becoming a Restricted Subsidiary, any voting stock in excess of 65% of the total outstanding amount of any class of voting stock of such Foreign Restricted Subsidiary; provided, that,
notwithstanding the foregoing, voting stock of a 

  
 4 

 
Foreign Restricted Subsidiary will not be Excluded Foreign Restricted Subsidiary Voting Stock for the period before the first anniversary of a Foreign Restricted Subsidiary becoming a Restricted
Subsidiary and ending on the first anniversary if the Company determines in good faith that such Foreign Restricted Subsidiary will not have any earnings and profits for U.S. federal income tax purposes before the first anniversary of such Foreign
Restricted Subsidiary having become a Restricted Subsidiary. For the avoidance of doubt, no voting stock of a Foreign Restricted Subsidiary will be Excluded Foreign Restricted Subsidiary Voting Stock on or after the first anniversary of such Foreign
Restricted Subsidiary becoming a Restricted Subsidiary. 
 “Excluded Swap Obligation” shall mean, with
respect to any Grantor, as it relates to all or a portion of the grant by such Grantor of a security interest hereunder, any Swap Obligation if, and to the extent that, such Swap Obligation (or such security interest in respect thereof) is or
becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof). If a Swap Obligation arises under a master agreement
governing more than one swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to swaps for which such security interest is or becomes illegal. 

“FCC” shall mean the Federal Communications Commission, and any successor agency of the United States
Government exercising substantially equivalent powers. 
 “FCC License” shall mean any Governmental
Authorization granted by the FCC pursuant to the Communications Act, or by any other Governmental Authority pursuant to Communications Laws, to any Grantor or assigned or transferred to any Grantor pursuant to Communications Laws. 

“Foreign Restricted Subsidiary” shall have the meaning set forth in the Indenture and shall include any
similar term in any other Priority Lien Document. 
 “Governmental Authority” shall mean any nation or
government, any state or other political subdivision thereof, any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative functions of
or pertaining to government, any securities exchange and any self-regulatory organization. 
 “Governmental
Authorization” shall mean all authorizations, certificates, consents, decrees, permits, licenses, registrations, waivers, privileges, approvals from and filings with all Governmental Authorities necessary in connection with the business of
Parent and its Subsidiaries. 
 “Grantors” shall have the meaning set forth in the preamble to this
Agreement. 
 “Indenture” shall have the meaning set forth in the recitals to this Agreement. 

“Intellectual Property” shall mean, with respect to any Grantor, the collective reference to all rights,
priorities and privileges relating to intellectual property of such Grantor, whether arising under United States, multinational or foreign laws, including, without limitation, Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks,
Trademark Licenses, Trade Secrets and Trade Secret Licenses, and all rights to sue or otherwise recover for any past, present and future infringement, dilution, misappropriation, or other violation or impairment thereof, including the right to
receive all Proceeds therefrom, including without limitation license fees, royalties, income payments, claims, damages and proceeds of suit, now or hereafter due and/or payable with respect thereto. 

  
 5 

 “Intellectual Property Security Agreements” shall mean,
collectively, the Copyright Security Agreement substantially the form of Exhibit A-1, the Patent Security Agreement substantially in the form of Exhibit
A-2, and the Trademark Security Agreement substantially in the form of Exhibit A-3. 

“Intercreditor Agreements” shall have the meaning set forth in the Indenture. 

“Investment Property” shall mean the collective reference to (i) all “investment property” as
such term is defined in Section 9-102(a)(49) of the UCC on the date hereof including, without limitation, all Certificated Securities and Uncertificated Securities, all Security Entitlements, all
Securities Accounts, all Commodity Contracts and all Commodity Accounts (other than any Excluded Foreign Restricted Subsidiary Voting Stock) and (ii) whether or not constituting “investment property” as so defined, all Pledged Notes,
all Pledged Equity Interests, all Pledged Security Entitlements and all Pledged Commodity Contracts. 

“Issuers” shall mean the collective reference to each issuer of Pledged Equity Interests. 

“Material Adverse Effect” shall mean a material adverse effect on (a) the business, assets, property,
condition (financial or otherwise) or results of operations of the Grantors and their respective Subsidiaries, taken as a whole, (b) the validity or enforceability of this Agreement or any of the other Priority Lien Documents or the rights or
remedies of the Collateral Agent or the Priority Lien Secured Parties hereunder or thereunder, taken as a whole, or (c) the validity, perfection or priority of the Collateral Agent’s Liens upon a material portion of the Collateral. 

“Material Intellectual Property” shall mean any Intellectual Property included in the Collateral that is
material to the business of any Grantor. 
 “Material Real Property” shall mean any fee interest of any
Grantor in real property having a value of greater than $1,000,000 and any leasehold interest of any Grantor in real property having annual fixed rental payments of greater than $1,000,000; provided that (i) the value of any leasehold
interest in real property shall not include any leasehold improvements and (ii) Material Real Property shall not include Excluded Assets. 

“Mortgages” shall mean any mortgages, deeds of trust or other security document made by any Grantor in favor
of, or for the benefit of, the Collateral Agent, as the same may be amended, supplemented, waived or otherwise modified from time to time, for the benefit of the Priority Lien Secured Parties, in each case, in form and substance reasonably
satisfactory to the Collateral Agent and the applicable Grantor. 
 “Notes” shall have the meaning set forth
in the recitals to this Agreement. 
 “Patent Licenses” shall mean all written licenses providing for the
grant to or from a Grantor of any right in or to any Patent (including as of the date hereof, without limitation, those listed on Schedule 6). 

  
 6 

 “Patents” shall mean, with respect to any Grantor, all of
such Grantor’s right, title and interest in and to all patentable inventions and designs, all United States, foreign, and multinational patents, certificates of invention, and similar industrial property rights, and applications for any of the
foregoing, including as of the date hereof, without limitation, (i) each patent and patent application listed on Schedule 6, (ii) all reissues, substitutes, divisions, continuations, continuations-in-part, extensions, renewals, and reexaminations thereof, (iii) all inventions and improvements described and claimed therein, (iv) all rights to sue or otherwise recover for any
past, present and future infringement or other violation thereof, (v) all Proceeds of the foregoing, including, without limitation, license fees, royalties, income, payments, claims, damages, and proceeds of suit and other payments now or
hereafter due and/or payable with respect thereto, and (vi) all other patent rights accruing thereunder or pertaining thereto throughout the world. 

“Perfected IP” shall have the meaning set forth in Section 5.9(d). 

“Pledged Commodity Contracts” shall mean, all Commodity Contracts listed on
Schedule 2 as of the date hereof, and all other Commodity Contracts to which any Grantor is party from time to time. 

“Pledged Debt Securities” shall mean all debt securities now owned or hereafter acquired by any Grantor,
including as of the date hereof, without limitation, the debt securities listed on Schedule 2, together with any other certificates, options, rights or security entitlements of any nature whatsoever in respect of the debt securities of any
Person that may be issued or granted to, or held by, any Grantor while this Agreement is in effect. 
 “Pledged
Equity Interests” shall mean all Equity Interests, and shall include Pledged LLC Interest, Pledged Partnership Interest and Pledged Stock; provided, however, that “Pledged Equity Interests” shall not include
Excluded Assets. 
 “Pledged LLC Interests” shall mean all membership interests and other interests
of any Grantor now owned or hereafter acquired in any limited liability company including as of the date hereof, without limitation, all limited liability company interests listed on Schedule 2 hereto under the heading “Pledged LLC
Interests” and the certificates, if any, representing such limited liability company interests and any interest of such Grantor on the books and records of such limited liability company and any securities entitlements relating thereto 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 limited liability
company interests and any other warrant, right or option or other agreement to acquire any of the foregoing, all management rights, all voting rights, any interest in any capital account of a member in such limited liability company, all rights as
and to become a member of the limited liability company, all rights of the Grantor under any shareholder or voting trust agreement or similar agreement in respect of such limited liability company, all of the Grantor’s right, title and interest
as a member to any and all assets or properties of such limited liability company, and all other rights, powers, privileges, interests, claims and other property in any manner arising out of or relating to any of the foregoing; provided
however that Pledged LLC Interests shall not include Excluded Assets. 
 “Pledged Notes” shall mean
all promissory notes now owned or hereafter acquired by any Grantor including as of the date hereof, without limitation, those listed on Schedule 2. 

“Pledged Partnership Interests” shall mean all partnership interests and other interests of any Grantor
now owned or hereafter acquired in any general partnership, limited partnership, limited liability partnership or other partnership including as of the date hereof, without limitation, all partnership interests listed on Schedule 2 hereto
under the heading “Pledged 

  
 7 

 
Partnership Interests” and the certificates, if any, representing such partnership interests, and any interest of such Grantor on the books and records of such partnership 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 partnership interests and any
other warrant, right or option to acquire any of the foregoing, all management rights, all voting rights, any interest in any capital account of a partner in such partnership, all rights as and to become a partner of such partnership, all of the
Grantor’s rights, title and interest as a partner to any and all assets or properties of such partnership, and all other rights, powers, privileges, interests, claims and other property in any manner arising out of or relating to any of the
foregoing; provided however that Pledged Partnership Interests shall not include Excluded Assets. 

“Pledged Stock” shall mean all shares of capital stock now owned or hereafter acquired by such Grantor,
including as of the date hereof, without limitation, all shares of capital stock described on Schedule 2 hereto under the heading “Pledged Stock”, and the certificates, if any, representing such shares and any interest of such
Grantor in the entries on the books of the issuer of such shares 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 shares and any other warrant, right or option to acquire any of the foregoing provided, however, that Pledged Stock shall not include Excluded Assets. 

“Pledged Securities” shall mean the collective reference to the Pledged Debt Securities, the Pledged Notes and
the Pledged Equity Interests regardless of whether constituting Securities under the UCC. 
 “Pledged Security
Entitlements” shall mean, all security entitlements with respect to the financial assets listed on Schedule 2 as of the date hereof, and all other security entitlements of any Grantor. 

“Priority Lien Event of Default” shall mean any event or condition that, under the terms of any Priority Lien
Document, causes, or permits holders of Priority Lien Debt outstanding thereunder (with the giving of notice or the lapse of time, or both, to the extent applicable) to cause, the Priority Lien Debt outstanding thereunder to become immediately due
and payable. 
 “Priority Lien Obligations” shall have the meaning set forth in the Collateral Agency
Agreement; provided that the Priority Lien Obligations shall exclude any Excluded Swap Obligations. 

“Proceeds” shall mean all “proceeds” as such term is defined in
Section 9-102(a)(64) of the UCC and, in any event, shall include, without limitation, all dividends or other income from the Pledged Securities, collections thereon or distributions or payments with
respect thereto. 
 “Receivable” shall mean all Accounts and any other any 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. References herein to Receivables shall include any Supporting Obligation or collateral securing such Receivable. 

  
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 “Requirement of Law” shall mean, as to any Person, any law,
treaty, rule or regulation or determination of an arbitrator or a court or other Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject,
including, without limitation, the Governmental Authorizations and the Communications Act. 
 “Securities
Act” shall mean the Securities Act of 1933, as amended. 
 “Specified Assets” shall have the
meaning set forth in Section 4.3(b). 
 “Specified Event of Default” shall mean a Priority Lien Event
of Default arising under item (1), (2), (7) or (8) of the definition of “Event of Default” set forth in Section 6.01 of the Indenture or any similar Priority Lien Event of Default arising under any other Priority Lien Document.

 “Specified IP Assets” shall mean all Collateral consisting of Intellectual Property for which the
creation or perfection of Liens thereon requires execution of documents, filings in or other actions under the laws of jurisdictions outside of the United States of America, any State thereof or the District of Columbia. 

“Swap Obligation” shall mean, with respect to any Grantor, any obligation to pay or perform under any
agreement, contract or transaction that constitutes a “swap” within the meaning of section 1a(47) of the Commodity Exchange Act. 

“Trademark Licenses” shall mean all written licenses providing for the grant to or from a Grantor of any right
in or to any Trademark (including as of the date hereof, without limitation, those listed on Schedule 6). 

“Trademarks” shall mean, with respect to any Grantor, all of such Grantor’s right, title and interest in
and to all domestic, foreign and multinational trademarks, service marks, trade names, corporate names, company names, business names, fictitious business names, trade dress, trade styles, logos, Internet domain names and other indicia of origin or
source identification, whether registered or unregistered (other than Intent-to-Use Applications), and, with respect to any and all of the foregoing, (i) all
registrations and applications for registration thereof including as of the date hereof, without limitation, the registrations and applications listed on Schedule 6, (ii) all extensions and renewals thereof, (iii) all of the goodwill of
the business connected with the use of and symbolized by any of the foregoing, (iv) all rights to sue or otherwise recover for any past, present and future infringement, dilution, or other violation thereof, (iv) all Proceeds of the
foregoing, including, without limitation, license fees, royalties, income, payments, claims, damages, proceeds of suit now and other payments hereafter due and/or payable with respect thereto, and (v) all other trademark rights accruing
thereunder or pertaining thereto throughout the world. 
 “Trade Secret Licenses” shall mean all written
licenses providing for the grant to or from a Grantor of any right in or to any Trade Secret. 
 “Trade
Secrets” shall mean, with respect to any Grantor, all of such Grantor’s right, title and interest in and to (i) 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, in each case, to the extent recognized and protected as a trade secret under the applicable laws of the relevant jurisdiction, and with respect to any and all of the foregoing
(i) all 

  
 9 

 
rights to sue or otherwise recover for any past, present and future misappropriation or other violation thereof, (ii) all Proceeds of the foregoing, including, without limitation, license
fees, royalties, income, payments, claims, damages, proceeds of suit and other payments now or hereafter due and/or payable with respect thereto, and (iii) all other trade secret rights accruing thereunder or pertaining thereto throughout the
world. 
 “UCC” shall mean 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. 
 1.2 Other Definitional Provisions. (a) The words “hereof”, “herein”,
“hereto” and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section, Schedule, Exhibit and Annex references
are to this Agreement unless otherwise specified. References to any Schedule, Exhibit or Annex shall mean such Schedule, Exhibit or Annex as amended or supplemented from time to time in accordance with this Agreement. 

(b) The meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such terms. 

(c) Where the context requires, terms relating to the Collateral or any part thereof, when used in relation to a Grantor, shall refer to such
Grantor’s Collateral or the relevant part thereof. 
 (d) The expressions “payment in full,” “paid in full” and any
other similar terms or phrases when used herein with respect to the Priority Lien Obligations shall mean the unconditional, final and irrevocable payment in full in cash, in immediately available funds, of all of the Priority Lien Obligations. 

(e) The use herein of the word “include” or “including”, when following any general statement, term or matter, shall not be
construed to limit such statement, term or matter to the specific items or matters set forth immediately following such word or to similar items or matters, whether or not non-limiting language (such as
“without limitation” or “but not limited to” or words of similar import) is used with reference thereto, but rather shall be deemed to refer to all other items or matters that fall within the broadest possible scope of such
general statement, term or matter. 
 (f) 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. 
 (g) This Agreement will be construed without regard to the identity of the
party who drafted it and as though the parties participated equally in drafting it. Consequently, each of the parties acknowledges and agrees that any rule of construction that a document is to be construed against the drafting party will not be
applicable to this Agreement. 

  
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 SECTION 2. [RESERVED] 

SECTION 3. GRANT OF SECURITY INTEREST; CONTINUING LIABILITY UNDER COLLATERAL 

(a) Each Grantor hereby grants to the Collateral Agent, for the benefit of the Priority Lien Secured Parties, a security interest in, all of
the following property, in each case, wherever located and 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, 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 such
Grantor’s Priority Lien Obligations: 
 (i) all Accounts, including all Receivables; 

(ii) all Chattel Paper; 

(iii) all Deposit Accounts; 

(iv) all Documents; 

(v) all Equipment; 

(vi) all General Intangibles; 

(vii) all Instruments; 

(viii) all Intellectual Property; 

(ix) all Inventory; 

(x) all Investment Property; 

(xi) all Letter of Credit Rights; 

(xii) all Money; 

(xiii) all Pledged Equity Interests: 

(xiv) all Goods not otherwise described above; 

(xv) all Collateral Accounts; 

(xvi) all books, records, ledger cards, files, correspondence, customer lists, blueprints, technical specifications, manuals,
computer software, computer printouts, tapes, disks and other electronic storage media and related data processing software and similar items that at any time evidence or contain information relating to any of the Collateral or are otherwise
necessary or helpful in the collection thereof or realization thereupon; 

  
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 (xvii) all commercial tort claims now or hereinafter described on
Schedule 9; and 
 (xviii) to the extent not otherwise included, 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 the foregoing provisions of this Section 3(a), the foregoing grant of a security interest shall not extend to, and the term
“Collateral” shall not include (a) FCC Licenses to the extent (but only to the extent) that any law, regulation, permit, order or decree of any Governmental Authority in effect at the time applicable thereto prohibits the grant
of a security interest therein; provided, however, that the foregoing grant of a security interest shall extend to, and the Collateral shall include, each of the following: (A) the right to receive all proceeds derived or arising from or in
connection with the sale, assignment, transfer or transfer of control over such FCC Licenses; (B) any and all Proceeds of any FCC Licenses that are not otherwise excluded; and (C) in the event that such law, regulation, permit, order or
decree shall be amended, modified or interpreted to permit (or shall be replaced with another rule or regulation, or any other law, rule or regulation is adopted, which would permit) the grant of a security interest therein, such FCC Licenses as
well as any and all Proceeds thereof that might theretofore have been excluded from such grant of a security interest and from the Collateral and (b) Excluded Assets. It is understood that with respect to the Specified IP Assets, the above
grant is effective only to the extent such security interest can be granted pursuant to this Agreement. 
 (b) Notwithstanding anything
herein to the contrary, the Grantors will not be required to (x) take any action in any jurisdiction other than the United States of America, or required by the laws of any such jurisdiction, including, without limitation, in order to create
any security interests (or other Liens) in or to otherwise comply with this agreement with respect to assets located or titled outside of the United States of America or to perfect any security interests (or other Liens) in any Collateral,
(y) deliver control agreements with respect to, or confer perfection by “control” over, any deposit accounts, bank or securities accounts or other Collateral, except (subject in all respects to the foregoing clause (x)) to the extent
required by Section 5.2(b) or (c) of this Agreement, provided that, in the case of Collateral that constitutes (A) Equity Interests, (B) intercompany notes in certificated form or (C) notes in certificated form evidencing
debt owed to any Grantor by a third party, the Grantors will in each case (subject in all respects to the foregoing clause (x)) deliver such Equity Interests or notes (in the case of any such notes, limited to any note with a principal amount in
excess of $1,000,000) to the Collateral Agent in accordance with the provisions of this Agreement (provided that the aggregate principal amount of notes not delivered to the Collateral Agent because the amount of such notes is below the $1,000,000
threshold described above shall not at any time exceed $2,500,000), or (z) deliver landlord lien waivers, estoppels or collateral access letters. 

SECTION 4. REPRESENTATIONS AND WARRANTIES 
 To induce
the Collateral Agent and the Priority Lien Secured Parties to enter into the Priority Lien Documents and make their respective extensions of credit thereunder, each Grantor hereby represents and warrants to the Collateral Agent and the Priority Lien
Secured Parties on the date hereof that: 
 4.1 [Reserved]. 

4.2 Title; No Other Liens. Such Grantor owns each item of the Collateral free and clear of any and all Liens or claims, except for the
Liens or claims created under this Agreement, including, without limitation, liens arising as a result of such Grantor becoming bound (as a result of merger or otherwise) as Grantor under a security agreement entered into by another Person, except
for 

  
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Liens permitted under the Priority Lien Documents. No financing statement, mortgage or other public notice with respect to all or any part of the Collateral is on file or of record in any public
office, except such as have been filed in favor of the Collateral Agent, for the benefit of the Priority Lien Secured Parties, pursuant to this Agreement or as are permitted by the Priority Lien Documents or as to which documentation to terminate
the same shall have been delivered to the Collateral Agent. 
 4.3 Valid, Perfected First Priority Liens. (a) Except with respect
to Specified IP Assets, this Agreement is effective to create a valid and enforceable security interest in the Collateral in favor of the Collateral Agent to secure the payment and performance of the Priority Lien Obligations, except as
enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by
proceedings in equity or at law). 
 (b) Except with respect to Specified Assets, upon the completion of the Perfection Actions (as defined
below), the security interest created pursuant to this Agreement (A) will be (to the extent provided in this Agreement) a perfected security interest in the Collateral in favor of the Collateral Agent, and (B) will be prior to all other
Liens of all other Persons other than Permitted Liens, and enforceable as such as against all other Persons other than Ordinary Course Transferees, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization,
moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law). As used in this Section 4.3(b), the following terms
have the following meanings: 
 “Financing Statements”: the financing statements delivered to the Collateral Agent by the
Grantors for filing in the jurisdictions listed on Schedule 3 (which financing statements are in proper form for filing in such jurisdiction). 

“Ordinary Course Transferees”: (i) with respect to Goods only, buyers in the ordinary course of business and lessees in the
ordinary course of business to the extent provided in Sections 9-320(a) and 9-321 of the UCC as in effect from time to time in the relevant jurisdiction; (ii) with
respect to General Intangibles only, licensees in the ordinary course of business to the extent provided in Section 9-321 of the UCC as in effect from time to time in the relevant jurisdiction and
(iii) any other Person who is entitled to take free of the Lien pursuant to the UCC as in effect from time to time in the relevant jurisdiction. 

“Perfection Actions”: (i) the filing or recording of the Financing Statements, any mortgages to the extent required by this
Agreement or any other Priority Lien Document, any Intellectual Property Security Agreement as set forth in Schedule 3, and any filings after the date hereof in any other jurisdiction as may be necessary under any Requirement of Law, (ii) the
delivery to and continuing possession by the Collateral Agent of all Instruments and Pledged Securities a security interest in which is perfected by possession, (iii) the actions contemplated in the proviso in clause (y) of
Section 3(b) and (iv) the obtaining and maintenance of “control” (as described in the UCC) by the Collateral Agent of all Deposit Accounts and Securities Accounts a security interest in which is perfected by control. 

“Permitted Liens”: Liens permitted pursuant to the Indenture, including without limitation those permitted to exist pursuant
to Section 4.12 of the Indenture, and the other Priority Lien Documents. 
 “Specified Assets”: the following property
of the Grantors: 

  
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 (1) Fixtures, Money and Cash Equivalents (other than Cash Equivalents constituting
Investment Property to the extent a security interest is perfected by the filing of a financing statement under the UCC); 
 (2) Specified IP
Assets; 
 (3) Uncertificated Securities (to the extent a security interest is not perfected by the filing of a financing statement); 

(4) Collateral for which the perfection of Liens thereon requires filings in or other actions under the laws of jurisdictions outside the
United States of America, any State thereof or the District of Columbia (except to the extent the such filings or other actions have been made or taken); 

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

(6) Proceeds of Accounts, Receivables or Inventory which do not themselves constitute Collateral or which do not constitute identifiable cash
Proceeds or which have not yet been transferred to or deposited in the Collateral Account (if any); 
 (7) deposit accounts, bank or
securities accounts or other Collateral to the extent perfection is achieved by “control” in the form of control or other agreements, except to the extent required by Section 5.2(b) or (c) of this Agreement; and 

(8) Collateral to the extent perfection requires delivery of landlord lien waivers, estoppels or collateral access letters. 

4.4 Name; Jurisdiction of Organization, Etc. On the date hereof, 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 are specified on
Schedule 4. On the date hereof, each Grantor is organized solely under the law of the jurisdiction so specified and has not filed any certificates of domestication, transfer or continuance in any other jurisdiction. Except as otherwise
indicated on Schedule 4, the jurisdiction of each such Grantor’s organization of formation is required to maintain a public record showing the Grantor to have been organized or formed. Except as specified on Schedule 4, it has not
changed its name, jurisdiction of organization, chief executive office or sole place of business (if applicable) or its corporate structure in any way (e.g. by merger, consolidation, change in corporate form or otherwise) within the past five years
and has not within the last five years become bound (whether as a result of merger or otherwise) as Grantor under a security agreement entered into by another Person, which has not heretofore been terminated. Unless otherwise stated on Schedule
4, such Grantor is not a transmitting utility as defined in UCC § 9-102(a)(80). 
 4.5
Inventory and Equipment. (a) On the date hereof, the Inventory and the Equipment are kept at the locations listed on Schedule 5. The provisions of this Section 4.5 shall not apply to Equipment or Inventory that is in transit,
that has been sold (including sales on consignment or approval in the ordinary course of business), that is out for repair, that is at other locations for purposes of onsite maintenance or repair or to Equipment and Inventory at locations with less
than $1,000,000 in aggregate value. 

  
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 (b) None of the Inventory or Equipment is in the possession of an issuer of a negotiable
document (as defined in Section 7-104 of the UCC) therefor or is otherwise in the possession of any bailee or warehouseman. 

4.6 Special Collateral; Excluded Collateral. (a) None of the Collateral constitutes, or is the Proceeds of, (1) Farm Products,
(2) As-Extracted Collateral, (3) Manufactured Homes, (4) Health-Care Insurance Receivables, (5) timber to be cut or (6) aircraft engines, satellites, ships or railroad rolling stock

 (b) On the date hereof, no Excluded Asset is material to the business of such Grantor other than as set forth on Schedule 7 hereto.

 4.7 Investment Property. (a) As of the date hereof, Schedule 2 hereto sets forth under the headings “Pledged
Stock”, “Pledged LLC Interests” and “Pledged Partnership Interests” respectively, all of the Pledged Stock, Pledged LLC Interests and Pledged Partnership Interests owned by any Grantor and such Pledged Equity Interests
constitute the percentage of issued and outstanding shares of stock, percentage of membership interests or percentage of partnership interests of the respective issuers thereof indicated on such Schedule. As of the date hereof, Schedule 2
hereto sets forth under the heading “Pledged Debt Securities” or “Pledged Notes” all of the Pledged Debt Securities and Pledged Notes representing or evidencing Indebtedness from time to time owed to any Grantor in an aggregate
principal amount in excess of $1,000,000 and all of such Pledged Debt Securities and Pledged Notes have been, in the case of those issued by Affiliates of such Grantor, or, in the case of those issued by Persons that are not Affiliates of such
Grantor, to the knowledge of such Grantor have been, duly authorized, authenticated, issued, and delivered and are the legal, valid and binding obligation of the issuers thereof enforceable in accordance with their terms and are not in default, and
in the case of those issued by Affiliates of such Grantor, constitute all of the issued and outstanding inter-company indebtedness owed from Affiliates evidenced by an instrument or certificated security of the respective issuers thereof owing to
such Grantor. As of the date hereof, Schedule 2 hereto (as such schedule may be amended from time to time) sets forth under the headings “Securities Accounts,” “Commodities Accounts,” and “Deposit Accounts”
respectively, all of the Securities Accounts, Commodities Accounts and Deposit Accounts, in each case, with amounts contained therein in excess of $1,000,000, in which each Grantor has an interest. Each Grantor is the sole entitlement
holder or customer of each such account, and such Grantor has not consented to, and is not otherwise aware of, any Person (other than the Collateral Agent pursuant hereto or as set forth on Schedule 2 hereto) having “control”
(within the meanings of Sections 8-106, 9-106 and 9-104 of the UCC) over, or any other interest in, any such Securities Account,
Commodity Account or Deposit Account or any securities, commodities or other property credited thereto. 
 (b) The shares of Pledged Stock
pledged by such Grantor hereunder constitute all of the issued and outstanding shares of all classes of the Equity Interests of each Issuer owned by such Grantor other than any such Equity Interests that are Excluded Assets. 

(c) All the shares of the Pledged Equity Interests have been duly and validly issued and are fully paid and nonassessable. 

(d) Such Grantor is the record and beneficial owner of, and has good and marketable title to, the Investment Property and Deposit Accounts
pledged by it hereunder, free of any and all Liens or options in favor of, or claims of, any other Person, except for the Liens, options or claims created under this Agreement and Liens permitted under the Priority Lien Documents. 

4.8 Receivables. (a) [Reserved.] 

  
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 (b) None of the Grantors has Receivables in excess of $500,000 individually or $1,000,000 in
the aggregate with respect to which the obligor is a Governmental Authority. 
 4.9 Intellectual Property. 

(a) As of the date hereof, Schedule 6 lists all of the following Intellectual Property, to the extent owned by such Grantor:
(i) issued Patents and pending Patent applications, (ii) registered Trademarks and applications for the registration of Trademarks (other than Internet domain names), and (iii) registered Copyrights and applications to register
Copyrights. As of the date hereof, except as set forth on Schedule 6, all such Patents, Trademarks and Copyrights are recorded in the name of such Grantor. As of the date hereof, except as set forth on Schedule 6, such Grantor is the
sole and exclusive owner of the entire right, title and interest in and to such Patents, Trademarks and Copyrights, and, to the knowledge of such Grantor, any other Material Intellectual Property owned by such Grantor, in each case free and clear of
all Liens, except for Liens permitted by the Priority Lien Documents. 
 (b) As of the date hereof, except as set forth on Schedule 6
or as could not reasonably be expected to have a Material Adverse Effect, all registrations and applications for Patents, Trademarks and Copyrights owned by such Grantor are subsisting and have not been adjudged invalid or unenforceable, in whole or
in part, nor, in the case of Patents, are any issued Patents owned by such Grantor the subject of a reexamination proceeding, and such Grantor has performed all acts and has paid all renewal, maintenance, and other fees required to maintain each and
every registration and application of Copyrights, Patents and Trademarks owned such Grantor constituting Material Intellectual Property in full force and effect. 

(c) As of the date hereof, except for those matters which (i) are disclosed on Schedule 6 or (ii) could not reasonably be
expected to have a Material Adverse Effect, no action or proceeding is pending, or, to the knowledge of such Grantor, threatened, alleging that such Grantor, or the conduct of such Grantor’s business infringes, misappropriates, dilutes, or
otherwise violates the intellectual property rights of any other Person. As of the date hereof, except as set forth on Schedule 6, to the knowledge of such Grantor, no Person is engaging in any activity that infringes, misappropriates,
dilutes or violates any Intellectual Property owned by such Grantor, except for such infringement, misappropriation, dilution or violation that could not reasonably be expected to have a Material Adverse Effect. 

(d) As of the date hereof, Schedule 6 lists all exclusive Copyright Licenses held by such Grantor that constitute Material Intellectual
Property. 
 (e) Except as could not reasonably be expected to have a Material Adverse Effect, such Grantor has taken commercially reasonable
efforts to control the nature and quality of its products sold and its services rendered under or in connection with its owned Trademarks. 

(f) Except as could not reasonably be expected to have a Material Adverse Effect, to the extent required by applicable law and reasonably
practicable, such Grantor has been using appropriate statutory notice of registration in connection with its use of its owned registered Trademarks, issued Patents and registered Copyrights. 

(g) As of the date hereof, except for those matters which (i) are disclosed on Schedule 6 or (ii) could not reasonably be
expected to have a Material Adverse Effect, no holding, decision, ruling, or judgment has been rendered in any action or proceeding before any court or administrative authority challenging the validity, enforceability, or scope of, or such
Grantor’s right to register, own or use, any Material Intellectual Property owned by such Grantor or such Grantor’s ownership interest therein, and no such action or proceeding is pending or, to such Grantor’s knowledge, threatened.

  
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 (h) As of the date hereof, except for those matters which (i) are disclosed on
Schedule 6 or (ii) could not reasonably be expected to have a Material Adverse Effect, no settlements or consents, covenants not to sue, coexistence agreements, non-assertion assurances, or
releases have been entered into by such Grantor in any manner that adversely impacts such Grantor’s rights to own, license to others or use any Material Intellectual Property owned by such Grantor. Except as could not reasonably be expected to
have a Material Adverse Effect, the consummation of the transactions contemplated by this Agreement will not result in the termination, suspension, limitation or other impairment of any of such Grantor’s rights in its Material Intellectual
Property. 
 (i) Except as could not reasonably be expected to have a Material Adverse Effect, such Grantor has taken commercially reasonable
efforts to protect the confidentiality of its Trade Secrets constituting its Material Intellectual Property. 
 4.10 Letter of Credit
Rights. No Grantor is a beneficiary or assignee under any letter of credit with potential value in excess of $1,000,000 other than the letters of credit described on Schedule 8 hereto which Schedule shall be promptly updated by the
applicable Grantor from time to time to reflect any additional letter of credit rights with potential value in excess of $1,000,000 obtained since such schedule was last delivered. 

4.11 Commercial Tort Claims. No Grantor has any commercial tort claims with a potential value in excess of $1,000,000 other than those
described on Schedule 9, which schedule shall be promptly updated by the Grantor and delivered to the Collateral Agent from time to time to reflect any additional commercial tort claims with a potential value in excess of $1,000,000 arising
since such schedule was last delivered. 
 SECTION 5. COVENANTS 

Each Grantor covenants and agrees with the Priority Lien Secured Parties that, from and after the date of this Agreement until the Discharge of Priority Lien
Obligations: 
 5.1 [Reserved]. 

5.2 Delivery and Control of Instruments and Certificated Securities, Deposit Accounts, Securities Accounts. 

(a) If any amount in excess of $1,000,000 payable under or in connection with any of the Collateral is or shall become evidenced or represented
by any Instrument or Certificated Security, such Instrument (other than checks received in the ordinary course of business) or Certificated Security shall be promptly delivered to the Collateral Agent, duly endorsed in a manner reasonably
satisfactory to the Collateral Agent, to be held as Collateral pursuant to this Agreement. 
 (b) With respect to any Deposit Account in
existence as of the date hereof, within 120 days after the date hereof, and with respect to any Deposit Account opened or acquired after the date hereof, within 120 days after the opening or acquisition thereof (in each case, or such longer period
as may be reasonably acceptable to the Collateral Agent), each Grantor shall use commercially reasonable efforts to maintain all Deposit Accounts (excluding any Deposit Account exclusively used for payroll, payroll taxes and other employee wage and
benefit payments) with a value in excess of $1,000,000 only with financial institutions that have agreed to comply with entitlement orders and instructions issued or originated by the Collateral Agent without further consent of such Grantor, such
agreement to be in form and substance reasonably satisfactory to the Collateral Agent and such Grantor. 

  
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 (c) With respect to any Securities Account in existence as of the date hereof, within 120
days after the date hereof, and with respect to any Securities Account opened or acquired after the date hereof, within 120 days after the opening or acquisition thereof (in each case, or such longer period as may be reasonably acceptable to the
Collateral Agent), each Grantor shall use commercially reasonable efforts to maintain all Securities Accounts with a value in excess of $1,000,000 only with financial institutions that have agreed to comply with entitlement orders and instructions
issued or originated by the Collateral Agent without further consent of such Grantor, such agreement to be in form and substance reasonably satisfactory to the Collateral Agent and such Grantor. 

(d) Notwithstanding the foregoing, (i) the aggregate value of Deposit Accounts or Securities Accounts not subject to control agreements
pursuant to Section 5.2(b) and (c) because of their value being below the $1,000,000 thresholds described therein shall not at any time exceed $2,500,000 and (ii) the net cash proceeds of the Notes shall be held in a Deposit Account
that is subject to the requirements of Section 5.2(b), pending the application of such proceeds. 
 5.3 Maintenance of Perfected
Security Interest; Further Documentation. (a) Except with respect to the Specified Assets, and to the extent described in Section 4.3, each Grantor shall take all actions as described in Section 7.3 of the Collateral Agency
Agreement. In furtherance of the foregoing, within 90 days after the end of each fiscal year of Parent, Parent shall deliver to the Collateral Agent a certificate of an Officer (as defined in the Indenture and including any similar term in any other
Priority Lien Document) of Parent attaching a supplement to the Schedules hereto reflecting any changes to the Schedules hereto during such fiscal year or confirming that there has been no change in such information since the date of this Agreement
or latest supplement of the Schedules hereto. 
 (b) In the event that a Grantor hereafter acquires any Collateral of a type described in
Section 4.6(a) hereof, it shall promptly notify the Collateral Agent in writing and use commercially reasonable efforts to take such actions and execute such documents and make such filings all at such Grantor’s expense as required by
applicable law or as the Collateral Agent may reasonably request in order to ensure that the Collateral Agent has a valid, perfected, first priority security interest in such Collateral, subject to any Liens expressly permitted by the Priority Lien
Documents. Notwithstanding the foregoing, no Grantor shall be required to so notify the Collateral Agent or to take any such action (other than the filing of UCC-1 financing statements, if applicable) unless
the Collateral (in the good faith determination of such Grantor) is of a value in excess of $1,000,000 or is material to such Grantor’s business. 

5.4 Changes in Locations, Name, Jurisdiction of Incorporation, etc. Such Grantor will not, except upon 10 days’ prior written
notice to the Collateral Agent (or such shorter notice period or subsequent notice period as shall be reasonably satisfactory to the Collateral Agent) and delivery to the Collateral Agent of duly authorized and, where required, executed copies of
all additional financing statements and other documents required by applicable law or as reasonably requested by the Collateral Agent to maintain the validity, perfection and priority of the security interests provided for herein, without limiting
the prohibitions on mergers involving the Grantors contained in the Priority Lien Documents, change its legal name, jurisdiction of organization or, in the case of a Grantor that is not a registered organization organized under the law of a state of
the United States, the location of its chief executive office or sole place of business, if applicable, from that referred to in Section 4.4. 

5.5 Notices. Such Grantor will advise the Collateral Agent in writing promptly, in reasonable detail, of: 

  
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 (a) any Lien (other than any Liens expressly permitted by the Priority Lien Documents) on
any of the Collateral which would adversely affect the ability of the Collateral Agent to exercise any of its remedies hereunder; and 
 (b)
the occurrence of any other event which could reasonably be expected to have a material adverse effect on the aggregate value of the Collateral or on the security interests created hereby. 

5.6 Investment Property. (a) If such Grantor shall become entitled to receive or shall receive any stock or other ownership
certificate (including, without limitation, any certificate representing a stock dividend or a distribution in connection with any reclassification, increase or reduction of capital or any certificate issued in connection with any reorganization),
option or rights in respect of the capital stock or other Pledged Equity Interest of any Issuer, whether in addition to, in substitution of, as a conversion of, or in exchange for, any shares of or other ownership interests in the Pledged Equity
Interests, or otherwise in respect thereof, such Grantor shall accept the same as the agent of the Priority Lien Secured Parties, hold the same in trust for the Priority Lien Secured Parties and deliver the same forthwith to the Collateral Agent in
the exact form received, duly endorsed by such Grantor to the Collateral Agent, if required, together with an undated stock power covering such certificate duly executed in blank by such Grantor and with, if the Collateral Agent so requests (and the
Collateral Agent hereby does so request), signature guaranteed, to be held by the Collateral Agent, subject to the terms hereof, as additional collateral security for the Priority Lien Obligations. Any sums paid upon or in respect of the Pledged
Equity Interests upon the liquidation or dissolution of any Issuer shall be paid over to the Collateral Agent to be held by it hereunder as additional collateral security for the Priority Lien Obligations, and in case any distribution of capital
shall be made on or in respect of the Pledged Equity Interests or any property shall be distributed upon or with respect to the Pledged Equity Interests pursuant to the recapitalization or reclassification of the capital of any Issuer or pursuant to
the reorganization thereof, the property so distributed shall, unless otherwise subject to a perfected security interest in favor of the Collateral Agent, be delivered to the Collateral Agent to be held by it hereunder as additional collateral
security for the Priority Lien Obligations. If any sums of money or property so paid or distributed in respect of the Pledged Equity Interests shall be received by such Grantor, such Grantor shall, until such money or property is paid or delivered
to the Collateral Agent, hold such money or property in trust for the Priority Lien Secured Parties, segregated from other funds of such Grantor, as additional collateral security for the Priority Lien Obligations. 

(b) Without the prior written consent of the Collateral Agent, such consent not to be unreasonably withheld, such Grantor will not
(i) enter into any agreement or undertaking restricting the right or ability of such Grantor or the Collateral Agent to sell, assign or transfer any of the Investment Property or Proceeds thereof or any interest therein or (ii) without the
prior written consent of the Collateral Agent, such consent not to be unreasonably withheld, cause or permit any Issuer of any Pledged Partnership Interests or Pledged LLC Interests which are not securities (for purposes of the UCC) on the date
hereof to elect or otherwise take any action to cause such Pledged Partnership Interests or Pledged LLC Interests to be treated as securities for purposes of the UCC; provided, however, that notwithstanding the foregoing, if any issuer of any
Pledged Partnership Interests or Pledged LLC Interests takes any such action in violation of the foregoing in this clause (ii), such Grantor shall promptly notify the Collateral Agent in writing of any such election or action and, in such event, use
commercially reasonable efforts to take steps necessary or advisable to establish the Collateral Agent’s “control” thereof. 

(c) Each Grantor which is an Issuer, agrees that (i) it will be bound by the terms of this Agreement relating to the Pledged Equity
Interests issued by it and will comply with such terms insofar as such terms are applicable to it, (ii) it will notify the Collateral Agent promptly in writing of the occurrence of any of the events described in Section 5.6(a) with respect
to the Pledged Equity Interests issued by it and (iii) the terms of Sections 5.7(c) and 6.6 shall apply to it, mutatis mutandis, with respect to all actions that may be required of it pursuant to Section 5.7(c) or 6.6 with
respect to the Pledged Equity Interests issued by it. 

  
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 5.7 Voting and Other Rights with Respect to Pledged Securities. (a) Unless
(x) a Specified Event of Default shall have occurred and be continuing or (y) any Priority Lien Obligations were accelerated in accordance with the provisions of the applicable Priority Lien Document, and the Collateral Agent shall have
given notice to the relevant Grantor of the Collateral Agent’s intent to exercise its corresponding rights pursuant to Section 5.7(b), each Grantor shall be permitted to receive all cash dividends paid in respect of the Pledged Equity
Interests and all payments made in respect of the Pledged Notes or Pledged Debt Securities, to the extent permitted in the Priority Lien Documents, and to exercise all voting and corporate rights with respect to the Pledged Equity Interests;
provided, however, that no vote shall be cast or corporate or other ownership right exercised or other action taken which would materially and adversely impair the Collateral or which would result in any material violation of any
provision of this Agreement or any other Priority Lien Document. 
 (b) If (x) a Specified Event of Default shall occur and be
continuing or (y) any Priority Lien Obligations have been accelerated in accordance with the provisions of the applicable Priority Lien Document, and the Collateral Agent shall give notice of its intent to exercise such rights to the relevant
Grantor or Grantors: (i) 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 Collateral Agent who 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 (ii) the Collateral Agent shall have
the right, without notice to any Grantor, to transfer all or any portion of the Pledged Equity Interests to its name or the name of its nominee or agent. In addition, the Collateral Agent shall have the right at any time, without notice to any
Grantor, to exchange any certificates or instruments representing any Pledged Equity Interests for certificates or instruments of smaller or larger denominations. In order to permit the Collateral 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 each Grantor shall promptly execute and deliver (or cause to be executed and
delivered) to the Collateral Agent all proxies, dividend payment orders and other instruments as the Collateral Agent may from time to time reasonably request and each Grantor acknowledges that the Collateral Agent may utilize the power of
attorney set forth herein. 
 (c) Each Grantor hereby authorizes and instructs each Issuer of any Pledged Equity Interest pledged by such
Grantor hereunder to (i) comply with any instruction received by it from the Collateral Agent in writing that (x) states that (1) a Specified Event of Default has occurred and is continuing or (2) any Priority Lien Obligations
have been accelerated in accordance with the provisions of the applicable Priority Lien Document 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 Equity Interests directly to the Collateral Agent. 

5.8 Receivables. (a) If the Discharge of ABL Obligations has occurred (and subject to any applicable Intercreditor Agreement) (or
if no ABL Obligations have been incurred by any Grantor), no Grantor will (i) grant any extension of the time of payment of any Receivable required to be included in Collateral, (ii) compromise or settle any Receivable required to be
included in Collateral for less than the full amount thereof, (iii) release, wholly or partially, any Person liable for the payment of any Receivable required to be included in Collateral, (iv) allow any credit or discount whatsoever on
any 

  
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Receivable required to be included in Collateral or (v) amend, supplement or modify any Receivable required to be included in Collateral; provided that notwithstanding any of the
above, such extensions, compromises, settlements, releases, credits, discounts, amendments, supplements or modifications shall be permitted if (A) they occur in the ordinary course of business (it being acknowledged that each Grantor in the
ordinary course of its business compromises and settles Receivable for significantly less than the full amount thereof and routinely gives significant credits or discounts), (B) they are otherwise permitted by the Priority Lien Documents, or
(C) they would not reasonably be expected to materially adversely affect the value of the Receivable required to be included in Collateral taken as a whole. 

(b) If the Discharge of ABL Obligations has occurred (and subject to any applicable Intercreditor Agreement) (or if no ABL Obligations have
been incurred by any Grantor), such Grantor will deliver to the Collateral Agent a copy of each material demand, notice or document received by it that questions or calls into doubt the validity or enforceability of more than 5% of the aggregate
amount of the then outstanding Receivables. 
 (c) Other than in the ordinary course of business consistent with its past practice or as
could not reasonably be expected to have a Material Adverse Effect, each Grantor shall perform and comply with all of its obligations with respect to the Receivables. 

5.9 Intellectual Property. Except as provided in the Priority Lien Documents: (a) Such Grantor will not, (and shall use
commercially reasonable efforts to ensure its licensees will not), without the prior written consent of the Collateral Agent, discontinue use of any Material Intellectual Property owned by such Grantor, or do any act or omit to do any act whereby
any Material Intellectual Property owned by such Grantor may lapse, become abandoned, cancelled, dedicated to the public, forfeited, or otherwise impaired, or abandon any application or any right to file an application for a Copyright, Patent, or
Trademark constituting Material Intellectual Property owned by such Grantor. 
 (b) Such Grantor shall take all commercially reasonable
steps, including in any proceeding before the United States Patent and Trademark Office or the United States Copyright Office, as applicable, to pursue any application and maintain any registration or issuance of each Trademark, Patent, and
Copyright owned by, or with respect to any registered Copyright exclusively licensed to, such Grantor (to the extent permitted by applicable law) and constituting Material Intellectual Property, including, but not limited to, those applications and
registrations listed on Schedule 6. 
 (c) Such Grantor agrees that, (i) should it obtain an ownership interest in any item of
Intellectual Property which is not now a part of the Collateral, (ii) should it obtain an exclusive license to any registered Copyright which is not now a part of the Collateral, (iii) should it (either by itself or through any agent,
employee, licensee, or designee on such Grantor’s behalf) file any application for the registration or issuance of any Intellectual Property with the United States Patent and Trademark Office, the United States Copyright Office, or any similar
office or agency in any other country or in any political subdivision of any of the foregoing, or (iv) should it file a Statement of Use or an Amendment to Allege Use with respect to any Intent-to-Use Application (collectively, the “After-Acquired Intellectual Property”), then the provisions of Section 3 shall automatically apply thereto, and, solely with respect to
Intellectual Property registered or applied for in the United States or Canada, it shall give prompt written notice thereof (and, in any event, within 45 days after the relevant event) to the Collateral Agent, and, solely with respect to
Intellectual Property registered or applied for in the United States or Canada, it shall provide the Collateral Agent promptly (and, in any event, within 45 days after the relevant event) with an amended Schedule 6 and promptly (and, in
any event, within 45 days after the relevant event) take the actions specified in Section 5.9(d) with respect thereto. 

  
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 (d) Such Grantor agrees to execute Intellectual Property Security Agreements with respect to
any United States issued Patents and Patent applications, any United States registered Trademarks and applications for the registration of United States Trademarks (except any
Intent-to-Use Applications), any United States registered Copyrights and applications to register United States Copyrights, and any Copyright Licenses that grant to such
Grantor any exclusive right in or to any United States registered Copyright (collectively, “Perfected IP”), in each case, included in the Collateral as of the date hereof, as well as any Perfected IP constituting After-Acquired
Intellectual Property, in substantially the form of Exhibits C-1, C-2, and C-3 in order to record the security interest granted
herein to the Collateral Agent for the benefit of the Priority Lien Secured Parties with the United States Patent and Trademark Office and the United States Copyright Office, as applicable, and such Grantor shall promptly execute and deliver, and
have recorded, any and all other agreements, instruments, documents, and papers as the Collateral Agent may reasonably request to evidence the Priority Lien Secured Parties’ security interest in any such Intellectual Property with any other
applicable offices, agencies, or Governmental Authorities within the United States. 
 (e) Such Grantor shall use commercially reasonable
efforts so as not to permit the inclusion in any contract to which it hereafter becomes a party of any provision that could or may in any way materially impair or prevent the creation of a security interest in, or the assignment of, such
Grantor’s rights and interests in any Material Intellectual Property owned by such Grantor under such contracts. 
 (f) Such Grantor
shall promptly notify the Collateral Agent in writing if it knows that any Patent, Trademark or Copyright that is registered or subject to an application for registration that is Material Intellectual Property owned by such Grantor may become
(i) abandoned or dedicated to the public or placed in the public domain, (ii) invalid or unenforceable, (iii) subject to any adverse determination or development regarding such Grantor’s ownership, registration or use or the
validity or enforceability of such Patent, Trademark or Copyright (including the institution of, or any adverse development with respect to, any action or proceeding in the United States Patent and Trademark Office, the United States Copyright
Office, any state registry, any foreign counterpart of the foregoing, or any court) or (iv) the subject of any reversion or termination rights. 

(g) Such Grantor will (and shall use commercially reasonable efforts to ensure that its licensees will), to the extent it has determined such
notice is necessary and is reasonably practicable, use proper notice of its Patent, Trademark or Copyright rights in connection with the use of any of its owned Material Intellectual Property. 

(h) In the event that any Person initiates, or threatens in writing to initiate, any action or proceeding alleging that such Grantor, or the
conduct of such Grantor’s business, infringes, misappropriates, dilutes, or otherwise violates the intellectual property of any other Person, and such action or proceeding could reasonably be expected to have a Material Adverse Effect, such
Grantor shall promptly notify the Collateral Agent after it learns thereof. 
 (i) In the event that any Material Intellectual Property owned
by or exclusively licensed to any Grantor is infringed, misappropriated, diluted or otherwise violated by another Person, such Grantor shall promptly (i) take actions that it considers reasonable under the circumstances to stop such
infringement, misappropriation, dilution or other violation and to protect its rights in such Material Intellectual Property, and (ii) notify the Collateral Agent after it learns thereof. 

  
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 (j) Such Grantor shall take such commercially reasonable steps as it determines necessary in
its reasonable business judgment to protect the secrecy of all Trade Secrets constituting Material Intellectual Property, including, without limitation, entering into confidentiality agreements with employees and consultants and labeling and
restricting access to secret information and documents. 
 5.10 Government Receivables. If any Grantor shall at any time after the
date of this Agreement acquire or become the beneficiary of Receivables in excess of $5,000,000 in the aggregate in respect of which the account debtor is an Applicable Governmental Authority (as defined below), such Grantor shall (i) promptly
thereafter notify the Collateral Agent in writing thereof, (ii) provide to the Collateral Agent all such documents and instruments, and take all such actions, as shall be reasonably be requested by the Collateral Agent to enable the Collateral
Agent to comply with the requirements of the Federal Assignment of Claims Act of 1940 or any other Requirement of Law to perfect its security interest in such Receivables and obtain the benefits of such Act or Requirement of Law with respect thereto
and (iii) otherwise comply with its obligations under Section 5.3 with respect thereto. As used in this paragraph, the term “Applicable Governmental Authority” shall mean any Governmental Authority the law applicable to which
provide that, for a creditor of a Person to which such Governmental Authority has an obligation to pay money, whether pursuant to a Receivable, a General Intangible or otherwise, to perfect such creditor’s Lien on such obligation and/or to
obtain the full benefits of such Lien and such law, certain notice, filing, recording or other similar actions other than the filing of a financing statement under the UCC must be given, executed, filed, recorded, delivered or completed, including,
without limitation, any Federal Governmental Authority to which the Federal Assignment of Claims Act of 1940 is applicable. 
 5.11
Insurance Certificates and Endorsements. The Grantors will furnish to the Collateral Agent, upon request, information in reasonable detail as to the insurance maintained by them and use commercially reasonable efforts to ensure that such
insurance shall be endorsed or otherwise amended to include a customary lender’s loss payable endorsement and to name the Collateral Agent as additional insured or loss payee, as applicable. 

5.12 Material Real Property. Subject to the applicable limitations set forth herein, with respect to any Material Real Property in
existence as of the date hereof or acquired hereafter (in which case the applicable Grantor will give prompt written notice to the Collateral Agent of the acquisition thereof), to the extent the Material Real Property is financeable, the applicable
Grantor will, with respect to any Material Real Property in existence as of the date hereof, within 120 days after the date hereof, and with respect to any Material Real Property acquired after the date hereof, within 120 days after the acquisition
thereof (in each case, or such longer period as may be reasonably acceptable to the Collateral Agent), (i) execute and deliver a Mortgage, subject to Liens permitted under the Priority Lien Documents covering such real property, (ii) provide
the Collateral Agent with (x) a pro forma title insurance policy covering such Material Real Property in an amount equal to 105% of the purchase price of such owned real property or the fair market value of the leasehold interests (or, in each
case, such other lesser amount as shall be reasonably acceptable to the Collateral Agent) as well as, to the extent reasonably requested, a current ALTA survey thereof (or local equivalent thereof), or deliver existing surveys together with
affidavits of no-change to the title insurance company in lieu thereof, (y) any consents, affidavits or estoppels reasonably deemed necessary or advisable by the Collateral Agent in connection with such
Mortgage, each of the foregoing in form and substance reasonably satisfactory to the Collateral Agent and (z) if any such Material Real Property is located in an area designated by the Federal Emergency Management Agency as having special flood
or mud slide hazards, a standard flood hazard determination form and proof of flood insurance, if applicable, covering such Material Real Property and (iii) if requested by the Collateral Agent, deliver to the Collateral Agent legal opinions
relating to the matters described above, which opinions shall be in form and substance, and from counsel, reasonably satisfactory to the Collateral Agent; provided that it is understood and agreed that the Grantors shall only be required to use
commercially reasonable efforts to comply with this Section 5.12 with respect to Material Real Property consisting of leasehold interests in real property. Notwithstanding anything contained herein to the

  
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contrary, it is understood and agreed that (x) with respect to any Mortgage securing a leasehold interest in real property in a jurisdiction that imposes a mortgage recording tax,
(i) the amount secured by such Mortgage shall not exceed an amount equal to the fair market value for such leasehold interest in real property (such fair market value being determined by the applicable Grantor in its sole discretion in good
faith) and (ii) such Mortgage shall specify the dollar value of the Collateral secured by such Mortgage and (y) with respect to any Mortgage securing a fee interest in real property in a jurisdiction that imposes a mortgage recording tax,
(i) the amount secured by such Mortgage shall not exceed an amount equal to the fair market value for such fee interest in real property and (ii) such Mortgage shall specify the dollar value of the Collateral secured by such Mortgage. The
applicable Grantor will pay all recording costs, intangible taxes and other fees and costs (including attorneys’ fees and expenses) incurred in connection with this Section 5.12. 

SECTION 6. REMEDIAL PROVISIONS 
 6.1
Certain Matters Relating to Receivables. (a) If the Discharge of ABL Obligations has occurred (and subject to any applicable Intercreditor Agreement) (or if no ABL Obligations have been incurred by any Grantor), the Collateral Agent shall
have the right (but not the obligation) annually (or, if a Priority Lien Event of Default has occurred and is continuing, at any time) to make test verifications of the Receivables in any manner and through any medium that it reasonably considers
advisable, and each Grantor shall furnish all such assistance and information as the Collateral Agent may require in connection with such test verifications. If the Discharge of ABL Obligations has occurred (and subject to any applicable
Intercreditor Agreement) (or if no ABL Obligations have been incurred by any Grantor), annually (or, if a Priority Lien Event of Default has occurred and is continuing, at any time), upon the Collateral Agent’s request and at the expense of the
relevant Grantor, such Grantor shall cause independent public accountants or others satisfactory to the Collateral Agent to furnish to the Collateral Agent reports showing reconciliations, aging and test verifications of, and trial balances for, the
Receivables. 
 (b) The Collateral Agent hereby authorizes each Grantor to collect such Grantor’s Receivables and each Grantor hereby
agrees to continue to collect all amounts due or to become due to such Grantor under the Receivables and any Supporting Obligation and diligently exercise each material right it may have under any Receivable and any Supporting Obligation, in each
case, at its own expense consistent with its reasonable business judgment; provided, however, that the Collateral Agent may curtail or terminate said authority at any time after the occurrence and during the continuance of a Priority
Lien Event of Default. If required by the Collateral Agent at any time after the occurrence and during the continuance of a Priority Lien Event of Default, if the Discharge of ABL Obligations has occurred (and subject to any applicable Intercreditor
Agreement) (or if no ABL Obligations have been incurred by any Grantor), any payments of Receivables, when collected by any Grantor, (i) shall be forthwith (and, in any event, within two Business Days) be deposited by such Grantor in the exact
form received, duly endorsed by such Grantor to the Collateral Agent if required, in a Collateral Account maintained under the sole dominion and control of the Collateral Agent, subject to withdrawal by the Collateral Agent for application in
accordance with Section 3.4 of the Collateral Agency Agreement, and (ii) until so turned over, shall be held by such Grantor in trust for the Priority Lien Secured Parties, segregated from other funds of such Grantor. Each such deposit of
Proceeds of Receivables shall be accompanied by a report identifying in reasonable detail the nature and source of the payments included in the deposit. 

  
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 (c) If the Discharge of ABL Obligations has occurred (and subject to any applicable
Intercreditor Agreement) (or if no ABL Obligations have been incurred by any Grantor), if a Priority Lien Event of Default has occurred and is continuing, at the Collateral Agent’s request, each Grantor shall deliver to the Collateral Agent all
original and other documents evidencing, and relating to, the agreements and transactions which gave rise to the Receivables, including, without limitation, all original orders, invoices and shipping receipts. 

6.2 Communications with Obligors; Grantors Remain Liable. (a) The Collateral Agent in its own name or in the name of others may at
any time after the occurrence and during the continuance of a Priority Lien Event of Default, if the Discharge of ABL Obligations has occurred (and subject to any applicable Intercreditor Agreement) (or if no ABL Obligations have been incurred by
any Grantor), communicate with obligors under the Receivables to verify with them to the Collateral Agent’s satisfaction the existence, amount and terms of any Receivables. 

(b) After the occurrence and during the continuance of a Priority Lien Event of Default, if the Discharge of ABL Obligations has occurred (and
subject to any applicable Intercreditor Agreement) (or if no ABL Obligations have been incurred by any Grantor), the Collateral Agent may at any time notify, or require any Grantor to so notify, the Account Debtor or counterparty on any Receivable
of the security interest of the Collateral Agent therein. In addition, after the occurrence and during the continuance of a Priority Lien Event of Default, if the Discharge of ABL Obligations has occurred (and subject to any applicable Intercreditor
Agreement) (or if no ABL Obligations have been incurred by any Grantor), the Collateral Agent may upon written notice to the applicable Grantor, notify, or require any Grantor to notify, the Account Debtor or counterparty to make all payments under
the Receivable directly to the Collateral Agent. 
 (c) Anything herein to the contrary notwithstanding, each Grantor shall remain liable
under each of the Receivables to observe and perform all the conditions and obligations to be observed and performed by it thereunder, all in accordance with the terms of any agreement giving rise thereto. No Priority Lien Secured Party shall have
any obligation or liability under any Receivable (or any agreement giving rise thereto) by reason of or arising out of this Agreement or the receipt by any Priority Lien Secured Party of any payment relating thereto, nor shall any Priority Lien
Secured Party be obligated in any manner to perform any of the obligations of any Grantor under or pursuant to any Receivable (or any agreement giving rise thereto), to make any payment, to make any inquiry as to the nature or the sufficiency of any
payment received by it or as to the sufficiency of any performance by any party thereunder, to present or file any claim, to take any action to enforce any performance or to collect the payment of any amounts which may have been assigned to it or to
which it may be entitled at any time or times. 
 6.3 Proceeds to be Turned Over To Collateral Agent. In addition to the rights of the
Priority Lien Secured Parties specified in Section 6.1 with respect to payments of Receivables, if (x) the Discharge of ABL Obligations has occurred (and subject to any applicable Intercreditor Agreement) (or if no ABL Obligations have
been incurred by any Grantor) (provided that this clause (x) shall not apply to identifiable proceeds of Cash Flow Priority Collateral) and (y) a Priority Lien Event of Default shall occur and be continuing, all Proceeds received by any
Grantor consisting of cash, Cash Equivalents, checks and other near-cash items shall be held by such Grantor in trust for the Priority Lien Secured Parties, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such
Grantor, be turned over to the Collateral Agent in the exact form received by such Grantor (duly endorsed by such Grantor to the Collateral Agent, if required). All Proceeds received by the Collateral Agent hereunder shall be held by the Collateral
Agent in a Collateral Account maintained under its sole dominion and control. All Proceeds while held by the Collateral Agent in a Collateral Account (or by such Grantor in trust for the Priority Lien Secured Parties) shall continue to be held as
collateral security for all the Priority Lien Obligations and shall not constitute payment thereof until applied as provided in accordance with Section 3.4 of the Collateral Agency Agreement. 

  
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 6.4 [Reserved]. 

6.5 Code and Other Remedies. (a) If a Priority Lien Event of Default shall occur and be continuing, the Collateral Agent, on behalf
of the Priority Lien 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 Priority Lien Obligations, all rights
and remedies of a Priority Lien Secured Party under the UCC (whether or not the UCC applies to the affected Collateral) and its rights under any other applicable law or in equity. Without limiting the generality of the foregoing, if a Priority Lien
Event of Default shall occur and be continuing, the Collateral Agent, without demand of performance or other demand, 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, presentments, protests, defenses, advertisements and notices are hereby waived), may in such circumstances forthwith collect, receive, appropriate and realize upon the Collateral, or
any part thereof, and/or may, subject to pre-existing rights and licenses, forthwith sell, lease, license, assign, give option or options to purchase, or otherwise dispose of and deliver 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 Priority Lien Secured Party, on the internet or elsewhere upon such terms and
conditions as it may deem advisable and at such prices as it may deem best, for cash or on credit or for future delivery without assumption of any credit risk. The Collateral Agent may store, repair or recondition any Collateral or otherwise prepare
any Collateral for disposal in the manner and to the extent that the Collateral Agent deems appropriate. Each Priority Lien 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. For purposes of bidding and making settlement or
payment of the purchase price for all or a portion of the Collateral sold at any such sale made in accordance with the UCC, the Collateral Agent shall be entitled to use and apply any of the Priority Lien Obligations on a pro rata basis as a credit
on account of the purchase price for any Collateral payable by the Collateral Agent at such sale. Each purchaser at any such sale shall hold the property sold absolutely free from any claim or right on the part of any Grantor, and each
Grantor hereby waives (to the extent permitted by 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 Collateral Agent shall not be obligated to make any sale of Collateral regardless of notice of sale having been given. The Collateral Agent may adjourn any public or private sale from time to time by announcement at the
time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. The Collateral Agent may sell the Collateral without giving any warranties as to the Collateral. The Collateral
Agent may specifically disclaim or modify any warranties of title or the like. The foregoing will not be considered to adversely affect the commercial reasonableness of any sale of the Collateral. Each Grantor hereby waives any claims against
the Collateral Agent arising by reason of the fact that the price at which any Collateral may have been sold at such a private sale was less than the price which might have been obtained at a public sale, even if the Collateral Agent accepts the
first offer received and does not offer such Collateral to more than one offeree. Each Grantor further agrees, at the Collateral Agent’s request, to assemble the Collateral and make it available to the Collateral Agent at places which the
Collateral Agent shall reasonably select, whether at such Grantor’s premises or elsewhere. The Collateral Agent shall have the right to enter onto the property where any Collateral is located without any obligation to pay rent and take
possession thereof with or without judicial process. The Collateral Agent shall have no obligation to marshal any of the Collateral. 

  
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 (b) Such Proceeds shall be applied or retained by the Collateral Agent in accordance with
Section 3.4 of the Collateral Agency Agreement. The reasonable out-of-pocket expenses of the Collateral Agent incurred in connection with actions undertaken as
provided in this Section 6.5, including with respect to the care or safekeeping of any of the Collateral or in any way relating to the Collateral or the rights of the Priority Lien Secured Parties hereunder, shall be payable in accordance with
the provisions of Section 7.11 of the Collateral Agency Agreement. 
 (c) In the event of any Disposition of any of the Intellectual
Property, the goodwill of the business connected with and symbolized by any Trademarks subject to such Disposition shall be included, and, to the extent required under applicable law, the applicable Grantor shall supply the Collateral Agent or its
designee with (i) copies of such Grantor’s documents and things embodying such Grantor’s know-how and expertise, relating to the exploitation of such Intellectual Property, including the
manufacture, distribution, advertising and sale of products or the provision of services under such Intellectual Property, and (ii) copies of such Grantor’s customer lists and other records and documents relating to such Intellectual
Property and to the manufacture, distribution, advertising and sale of such products and services. 
 (d) For the purpose of enabling
Collateral Agent to exercise rights and remedies under this Section 6.5 (including in order to take possession of, collect, receive, assemble, process, appropriate, remove, realize upon, sell, assign, license out, convey, transfer or grant
options to purchase any Collateral) at such time as Collateral Agent shall be lawfully entitled to exercise such rights and remedies, each Grantor hereby grants to Collateral Agent, for the benefit of the Priority Lien Secured Parties, subject to pre-existing rights and licenses, (i) an irrevocable, nonexclusive, and assignable license (exercisable without payment of royalty or other compensation to such Grantor), subject, in the case of Trademarks, to
sufficient rights to quality control and inspection in favor of such Grantor to avoid the risk of invalidation of such Trademarks, to use, practice, license, sublicense, and otherwise exploit any and all Intellectual Property now owned and held or
hereafter acquired or created by such Grantor (which license shall include access to all media in which any of the licensed items may be recorded or stored and to all software and programs used for the compilation or printout thereof to the extent
permitted by the terms of applicable licenses) and (ii) an irrevocable license (without payment of rent or other compensation to such Grantor) to use, operate and occupy all real property owned, operated, leased, subleased, or otherwise
occupied by such Grantor. 
 (e) The Collateral Agent shall incur no liability as a result of the sale of the Collateral, or any part
thereof, at any private or public sale pursuant to this Agreement conducted in accordance with the requirements of applicable laws. To the extent permitted by applicable law, the Grantors hereby waive any claims against the Collateral Agent and the
Priority Lien Secured Parties arising by reason of the fact that the price at which the Collateral may have been sold at such a private sale was less than the price that might have been obtained at a public sale or was less than the aggregate amount
of the Priority Lien Obligations, even if the Collateral Agent accepts the first offer received and does not offer the Collateral to more than one offeree, provided that such private sale is conducted in accordance with applicable laws and this
Agreement. The Grantors hereby agree that in respect of any sale of any of the Collateral pursuant to the terms hereof, the Collateral Agent is hereby authorized to comply with any limitation or restriction in connection with such sale as it may be
advised by counsel is necessary in order to avoid any violation of applicable laws, or in order to obtain any required approval of the sale or of the purchaser by any Governmental Authority or official, and each Grantor further agrees that such
compliance shall not, in and of itself, result in such sale being considered or deemed not to have been made in a commercially reasonable manner, nor shall the Collateral Agent be liable or accountable to any Grantor for any discount allowed by
reason of the fact that such Collateral is sold in compliance with any such limitation or restriction. 

  
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 6.6 Effect of Securities Laws. (a) Each Grantor recognizes that the Collateral
Agent may be unable to effect a public sale of any or all the Pledged Equity Interests or the Pledged Debt Securities by reason of certain prohibitions contained in the Securities Act and applicable state securities laws or otherwise, and may be
compelled to resort to one or more private sales thereof to a restricted group of purchasers which will be obliged to agree, among other things, to acquire such securities for their own account for investment and not with a view to the distribution
or resale thereof. Each Grantor acknowledges and agrees that any such private sale may result in prices and other terms less favorable than if such sale were a public sale and, notwithstanding such circumstances, agrees that any such private sale
shall be deemed to have been made in a commercially reasonable manner. The Collateral Agent shall be under no obligation to delay a sale of any of the Pledged Equity Interests or the Pledged Debt Securities for the period of time necessary to permit
the Issuer thereof to register such securities for public sale under the Securities Act, or under applicable state securities laws, even if such Issuer would agree to do so. 

(b) Each Grantor agrees to use its best efforts to do or cause to be done all such other acts as may be necessary to make such sale or sales of
all or any portion of the Pledged Equity Interests or the Pledged Debt Securities pursuant to this Section 6.6 valid and binding and in compliance with any and all other applicable Requirements of Law. Each Grantor further agrees that a breach
of any of the covenants contained in this Section 6.6 will cause irreparable injury to the Priority Lien Secured Parties, that the Priority Lien Secured Parties have no adequate remedy at law in respect of such breach and, as a consequence,
that each and every covenant contained in this Section 6.6 shall be specifically enforceable against such Grantor, and such Grantor hereby waives and agrees not to assert any defenses against an action for specific performance of such covenants
except for a defense that no Priority Lien Event of Default has occurred or a defense of payment. 
 6.7 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 Priority Lien Obligations and the fees and disbursements of any attorneys employed by any Priority Lien Secured
Party to collect such deficiency. 
 6.8 Compliance with FCC Laws. Notwithstanding anything in this Agreement to the contrary, no
action shall be taken by the Collateral Agent or the Priority Lien Secured Parties with respect to the foreclosure on, sale, transfer or disposition of, or control of, the Collateral that would constitute or result in any assignment or transfer of
control, whether de jure or de facto, of any FCC License, if such assignment or transfer of control would require under then existing law (including Communications Laws) the prior approval of the FCC, without first obtaining such approval of the
FCC. 
 SECTION 7. POWER OF ATTORNEY; AUTHORIZATION OF FINANCING STATEMENTS 

7.1 Collateral Agent’s Appointment as
Attorney-in-Fact, etc. (a) Each Grantor hereby irrevocably constitutes and appoints the Collateral Agent and any officer or agent thereof, with full power of
substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of such 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 Collateral Agent the power and right, on behalf of such Grantor, without notice to or assent by such Grantor, to do any or all of the following: 

  
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 (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 required to be included in Collateral hereunder 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 Collateral 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) except with respect to the Specified IP Assets, in the case of any Intellectual Property, execute
and deliver, and have recorded, any and all agreements, instruments, documents and papers as the Collateral Agent may request to evidence the Priority Lien 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 and Liens levied
or placed on or threatened against the Collateral, effect any repairs or purchase any insurance called for by the terms of the Priority Lien Documents and pay all or any part of the premiums therefor and the costs thereof; 

(iv) execute, in connection with any sale provided for in Section 6.5 or 6.6, any endorsements, assignments or other
instruments of conveyance or transfer with respect to the Collateral; 
 (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 Collateral Agent or as the Collateral 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; (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) 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; (5) defend any suit, action or proceeding brought against such Grantor with respect to any Collateral; (6) settle, compromise or
adjust any such suit, action or proceeding and, in connection therewith, give such discharges or releases as the Collateral Agent may deem appropriate; (7) subject to pre-existing rights and licenses,
assign any Copyright, Patent or Trademark owned by such Grantor (along with the goodwill of the business to which any such Copyright, Patent or Trademark pertains), throughout the world for such term or terms, on such conditions, and in such manner,
as the Collateral Agent shall in its reasonable discretion determine; and (8) generally, but subject to pre-existing rights and licenses, sell, transfer, pledge and make any agreement with respect to or
otherwise deal with any of the Collateral as fully and completely as though the Collateral Agent were the absolute owner thereof for all purposes, and do, at the Collateral Agent’s option and such Grantor’s expense, at any time, or from
time to time, all acts and things which the Collateral Agent reasonably deems necessary to protect, preserve or realize upon the Collateral and the Priority Lien Secured Parties’ security interests therein and to effect the intent of this
Agreement, all as fully and effectively as such Grantor might do; 
 (vi) prepare draft applications seeking the FCC’s
consent to transfer control of, or assign, FCC Licenses, and provided such applications are certified as accurate and are executed by an officer of the appropriate Grantor, file such applications with the FCC; and 

  
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 (vii) to do all other acts and things necessary to carry out the purposes of
this Agreement, as fully and completely as though the Collateral Agent were the absolute owner of the Collateral for all purposes; provided, however, that nothing herein contained shall be construed as requiring or obligating the
Collateral Agent or any other Priority Lien Secured Party to make any commitment or to make any inquiry as to the nature or sufficiency of any payment received by the Collateral Agent or any other Priority Lien Secured Party, or to present or file
any claim or notice, or to take any action with respect to the Collateral or any part thereof or the moneys due or to become due in respect thereof or any property covered thereby, and no action taken or omitted to be taken by the Collateral Agent
or any other Priority Lien Secured Party with respect to the Collateral or any part thereof shall give rise to any defense, counterclaim or offset in favor of any Grantor or to any claim or action against the Collateral Agent or any other Priority
Lien Secured Party. It is understood and agreed that the appointment of the Collateral Agent as the agent and attorney-in-fact of the Grantors for the purposes set forth
above is coupled with an interest and is irrevocable. The provisions of this Section shall in no event relieve any Grantor of any of its obligations hereunder or under any other Priority Lien Document with respect to the Collateral or any part
thereof or impose any obligation on the Collateral Agent or any other Priority Lien Secured Party to proceed in any particular manner with respect to the Collateral or any part thereof, or in any way limit the exercise by the Collateral Agent or any
other Priority Lien Secured Party of any other or further right which it may have on the date of this Agreement or hereafter, whether hereunder, under any other Priority Lien Document, by law or otherwise. 

Anything in this Section 7.1(a) to the contrary notwithstanding, the Collateral Agent agrees that, except as 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 a Priority Lien Event of Default shall have occurred and be continuing. 

(b) If any Grantor fails to perform or comply with any of its agreements contained herein, the Collateral 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 a Priority Lien Event of Default has occurred and is continuing or time is of the essence,
the Collateral Agent shall not exercise any of the powers in this Section 7.1 without first making demand on the Grantor and the Grantor failing to promptly comply therewith. 

(c) The reasonable out-of-pocket expenses of the Collateral
Agent incurred in connection with actions undertaken as provided in this Section 7.1 shall be payable in accordance with the provisions of Section 7.11 of the Collateral Agency Agreement. 

(d) Each Grantor hereby ratifies all that said attorneys shall lawfully do or cause to be done by virtue hereof. All powers, authorizations and
agencies contained in this Agreement are coupled with an interest and are irrevocable until this Agreement is terminated and the security interests created hereby are released. 

7.2 Authorization of Financing Statements. Each Grantor acknowledges that pursuant to
Section 9-509(b) of the UCC and any other applicable law, the Collateral Agent is authorized 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 Collateral Agent reasonably determines appropriate to perfect or maintain the perfection of the security interests of the Collateral Agent under this
Agreement to the extent provided herein. Each Grantor agrees that such financing statements may describe the collateral in the same manner as described in the Security documents or as “all assets” or “all personal property” of
the such Grantor, whether now owned or hereafter existing or acquired by such Grantor or such other description as the Collateral Agent, in its sole judgment, determines is necessary or advisable. A photographic or other reproduction of this
Agreement shall be sufficient as a financing statement or other filing or recording document or instrument for filing or recording in any jurisdiction. 

  
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 SECTION 8. THE COLLATERAL AGENT 

8.1 Authority of Collateral Agent . (a) Each Grantor acknowledges that the rights and responsibilities of the Collateral Agent under
this Agreement with respect to any action taken by the Collateral Agent or the exercise or non-exercise by the Collateral Agent of any option, voting right, request, judgment or other right or remedy provided
for herein or resulting or arising out of this Agreement shall, as between the Collateral Agent and the other Priority Lien Secured Parties, be governed by the Collateral Agency Agreement and the Priority Lien Documents and by such other agreements
with respect thereto as may exist from time to time among them, but, as between the Collateral Agent and the Grantors, the Collateral Agent shall be conclusively presumed to be acting as agent for the Priority Lien 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. 

(b) The provisions of Articles 3, 5 and 6 of the Collateral Agency Agreement are incorporated herein by reference. Each Priority Lien Secured
Party, by its acceptance of the benefits hereof, agrees that it shall have no right individually to realize upon any of the Collateral hereunder, it being understood and agreed by such Priority Lien Secured Party that all rights and remedies
hereunder may be exercised solely by the Collateral Agent for the benefit of the Priority Lien Secured Parties in accordance with the terms of this Agreement and the Collateral Agency Agreement. To the extent permitted by applicable law, each
Priority Lien Secured Party authorizes the Collateral Agent to credit bid all or any part of the Priority Lien Obligations held by it. 
 (c)
Notwithstanding anything herein to the contrary, the Collateral Agent will not be responsible for the existence, genuineness or value of any of the Collateral or for the validity, perfection, priority or enforceability of the security interest in
any of the Collateral, whether impaired by operation of law or by reason of any action or omission to act on its part hereunder, except to the extent such action or omission constitutes gross negligence or willful misconduct on the part of the
Collateral Agent, for the validity or sufficiency of the collateral or any agreement or assignment contained therein, for the validity of the title to the collateral, for insuring the collateral or for the payment of taxes, charges, assessments or
liens upon the collateral or otherwise as to the maintenance of the collateral or for the preservation of any rights against any third parties with respect to the collateral. The Collateral Agent will have no duty to ascertain or inquire as to or
monitor the performance or observance of any of the terms of the Priority Lien Documents by any other Person. 
 (d) The Collateral Agent is
entering into this Agreement not in its individual capacity but solely in its capacity as Collateral Agent under the Indenture, the Notes Security Documents and the Intercreditor Agreements. In entering into this Agreement and acting hereunder, the
Collateral Agent shall be entitled to all of the rights, powers, protections, immunities and indemnities afforded to it in the Indenture, the Notes Security Documents and the Intercreditor Agreements as if the same were set forth herein mutatis
mutandis. 
 (e) The Collateral Agent shall not have any duty to take any discretionary action permitted to be taken by it pursuant to
the provisions of this Agreement unless it shall be requested in writing to do so by the Priority Lien Secured Parties. For purposes of clarity, phrases such as “satisfactory to the Collateral Agent”, “approved by the Collateral
Agent”, “acceptable to the Collateral Agent”, “as determined by the Collateral Agent”, “in the Collateral Agent’s discretion”, “selected by the Collateral Agent”, “requested by the Collateral
Agent” and phrases of similar import authorize and permit the Collateral Agent to approve, disapprove, determine, act or decline to act in its discretion. 

  
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 (f) The parties to this Agreement agree that (x) the rights, protections, indemnities
and immunities provided to the Collateral Agent hereunder are applicable to the Collateral Agent in connection with the entry into, and the performance of any of its related roles under, the Crossing Lien Intercreditor Agreement and (y) the
indemnity in Section 9.4 of this Agreement provided to the Collateral Agent under this Agreement extends to the Collateral Agent in connection with the performance of any of its related roles under the Crossing Lien Intercreditor Agreement.

 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 with the written consent of the applicable Grantors and the Collateral Agent (acting in accordance with
Section 7.1 of the Collateral Agency Agreement). Notwithstanding the foregoing, any amendment, waiver or other modification to the provisions of this Agreement made solely to, and deemed reasonably necessary or advisable by a counsel of local
jurisdiction to, facilitate the grant of a security interest created hereunder by any Grantor that is a Foreign Restricted Subsidiary will be effective when executed and delivered by such Grantor and the other applicable Grantors without execution
by the Collateral Agent. 
 9.2 Notices. All notices, requests and demands to or upon the Collateral Agent or any Grantor hereunder
shall be effected in the manner provided for in Section 7.8 of the Collateral Agency Agreement. 
 9.3 No Waiver by Course of
Conduct; Cumulative Remedies. No Priority Lien 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 Priority Lien Event of Default. No failure to exercise, nor any delay in exercising, on the part of any Priority Lien 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 Priority Lien 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 Priority Lien 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 Expenses; Indemnification. (a) The
provisions of Section 7.11 and Section 7.12 of the Collateral Agency Agreement are incorporated herein by reference but without duplication. 

9.5 Successors and Assigns. This Agreement shall be binding upon the successors and assigns of each Grantor and shall inure to the
benefit of the Priority Lien Secured Parties and their successors and assigns; provided that no Grantor may assign, transfer or delegate any of its rights or obligations under this Agreement without the prior written consent of the Collateral
Agent and any such assignment, transfer or delegation without such consent shall be null and void. 
 9.6
Set-Off. Each Grantor hereby irrevocably authorizes each Priority Lien Secured Party (other than any Hedge Provider or Bank Product Provider) at any time and from time to time while a Priority Lien
Event of Default shall have occurred and be continuing, without notice to such Grantor or any other Grantor, any such notice being expressly waived by each Grantor, to set-off and appropriate and apply any and
all deposits (general or special, time or demand, provisional or final), in any currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any
time held or owing by such party to or for the credit or the account of such Grantor, or any part thereof in such amounts as such Priority Lien Secured Party may 

  
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elect, against and on account of the obligations and liabilities of such Grantor to such Priority Lien Secured Party hereunder and claims of every nature and description of such Priority Lien
Secured Party against such Grantor, in any currency, whether arising hereunder, under the Indenture, any other Priority Lien Document or otherwise, as such Priority Lien Secured Party may elect, whether or not any Priority Lien Secured Party has
made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured; provided that such Priority Lien Secured Party turns over to the Collateral Agent the value of the
set-off and appropriation permitted by this Section 9.6 for application in accordance with Section 3.4 of the Collateral Agency Agreement. Each such Priority Lien Secured Party shall notify such
Grantor promptly of any such set-off and the application made by such Priority Lien Secured Party of the proceeds thereof; provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of each Priority Lien Secured Party (other than any Hedge Provider or Bank Product Provider) under this Section are in addition to other rights and remedies (including,
without limitation, other rights of set-off) which such Priority Lien Secured Party may have. 
 9.7
Counterparts. This Agreement may be executed by one or more of the parties to this Agreement on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument.
Delivery of an executed signature page of this Agreement by facsimile or other electronic transmission (e.g., “.pdf” or “tif” format) shall be effective as delivery of a manually executed counterpart hereof. 

9.8 Severability. In the event any one or more of the provisions contained in this Agreement should be held invalid, illegal or
unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired thereby (it being understood that the invalidity of a particular provision in a
particular jurisdiction shall not in and of itself affect the validity of such provision in any other jurisdiction). 
 9.9 Section
Headings. The Section headings used in this Agreement are for convenience of reference only and are not to affect the construction hereof or be taken into consideration in the interpretation hereof. 

9.10 [Reserved] . 
 9.11
GOVERNING LAW. THIS AGREEMENT AND ANY DISPUTE, CLAIM OR CONTROVERSY ARISING OUT OF OR RELATING TO THIS AGREEMENT (WHETHER ARISING IN CONTRACT, TORT OR OTHERWISE) SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW
OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICTS OF LAW RULES THAT WOULD RESULT IN THE APPLICATION OF A DIFFERENT GOVERNING LAW (OTHER THAN ANY MANDATORY PROVISIONS OF THE UCC RELATING TO THE LAW GOVERNING PERFECTION AND EFFECT OF PERFECTION OR
PRIORITY OF THE SECURITY INTERESTS). 
 9.12 Submission to Jurisdiction; Waivers. Each Grantor hereby irrevocably and unconditionally:

 (a) submits for itself and its property in any legal action or proceeding relating to this Agreement, or for recognition and enforcement
of any judgment in respect thereof, to the exclusive general jurisdiction of the courts of the State of New York sitting in the Borough of Manhattan, the courts of the United States for the Southern District of New York sitting in the Borough of
Manhattan, and appellate courts from any thereof; 

  
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 (b) agrees that all claims in respect of any such action or proceeding shall be heard and
determined in such New York state court or, to the fullest extent permitted by applicable law, in such federal court; 
 (c) 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 and that nothing in this Agreement or any other Priority Lien Document
shall affect any right that any Priority Lien Secured Party may otherwise have to bring any action or proceeding relating to this Agreement against any Grantor or any of its assets in the courts of any jurisdiction; 

(d) consents that any such action or proceeding may be brought in such courts and waives any objection that it may now or hereafter have to the
venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the same; 

(e) agrees that service of process in any such action or proceeding may be effected by mailing a copy thereof by registered or certified mail
(or any substantially similar form of mail), postage prepaid, to such Grantor at its address referred to in Section 7.8 of the Collateral Agency Agreement or at such other address of which the Collateral Agent shall have been notified pursuant
thereto; 
 (f) agrees that nothing herein shall affect the right to effect service of process in any other manner permitted by law; and 

(g) waives, to the maximum extent not prohibited by law, any right it may have to claim or recover any special, exemplary, punitive or
consequential damages. 
 9.13 Acknowledgments. Each Grantor hereby acknowledges that: 

(a) it has been advised by counsel in the negotiation, execution and delivery of this Agreement; and 

(b) no joint venture is created hereby or otherwise exists by virtue of the transactions contemplated hereby among the Priority Lien Secured
Parties or among the Grantors and the Priority Lien Secured Parties. 
 9.14 Additional Grantors. Each Subsidiary of any Grantor that
is required to become a party to this Agreement pursuant to Section 4.20 of the Indenture or any other Priority Lien Document shall become a Grantor for all purposes of this Agreement upon execution and delivery by such Subsidiary of an
Assumption Agreement in the form of Annex 1 hereto. 
 9.15 Releases. (a) The provisions of Article 4 of the Collateral
Agency Agreement are incorporated herein by reference. 
 (b) Each Grantor acknowledges that it is not authorized to file any financing
statement (other than financing statements to maintain or continue a perfected security interest to the extent necessary to comply with Section 5.3) or amendment or termination statement with respect to any financing statement originally filed
in connection herewith without the prior written consent of the Collateral Agent, subject to such Grantor’s rights under Section 9-509(d)(2) of the UCC. 

  
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 9.16 WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY IRREVOCABLY 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 OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT,
TORT, BREACH OF DUTY, COMMON LAW, STATUTE OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON 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.
EACH PARTY HERETO FURTHER REPRESENTS AND WARRANTS THAT IT HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL AND THAT IT KNOWINGLY AND VOLUNTARILY WAIVES IT JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. 

9.17 Intercreditor Agreements(a) . Notwithstanding anything herein to the contrary or in any other Priority Lien Document, the
lien and security interest granted to the Collateral Agent for the benefit of the Priority Lien Secured Parties pursuant to this Agreement and the exercise of any right or remedy by the Collateral Agent for the benefit of the Priority Lien Secured
Parties hereunder are subject to the provisions of the Collateral Agency Agreement and the Crossing Lien Intercreditor Agreement (if any). Without limiting the generality of the foregoing, after the incurrence of ABL Obligations by any Grantor and prior to the Discharge of ABL Obligations, any right or obligation of the Collateral Agent to apply payments or proceeds in accordance with this Agreement or the Collateral Agency
Agreement shall be subject to the provisions governing the application of payments or proceeds in the Crossing Lien Intercreditor Agreement. In the event of any conflict between the terms of the Collateral Agency Agreement and this Agreement, the
terms of the Collateral Agency Agreement shall govern and control. Except as provided in the next sentence, if there any conflict between the Crossing Lien Intercreditor Agreement and this Agreement or the Collateral Agency Agreement, the Crossing
Lien Intercreditor Agreement will control. In matters solely relating to or as between the Priority Lien Secured Parties, if there is any conflict between the Collateral Agency Agreement and the Crossing Lien Intercreditor Agreement, the terms of
the Collateral Agency Agreement will control. Each Priority Lien Secured Party, by accepting the benefits of the security provided hereby, (i) agrees (or is deemed to agree) that it will be bound by, and will take no actions contrary to, the
provisions of the Crossing Lien Intercreditor Agreement (if any), (ii) authorizes (or is deemed to authorize) the Collateral Agent on behalf of such Person to enter into, and perform under, the Crossing Lien Intercreditor Agreement, and
(iii) acknowledges (or is deemed to acknowledge) that a copy of the form of the Crossing Lien Intercreditor Agreement was delivered, or made available, to such Person. 

(b) Notwithstanding anything to the contrary contained herein or in any other Priority Lien Document, to the extent that the provisions of this
Agreement (or any other Priority Lien Document) require the delivery of, or control over, ABL Priority Collateral to be granted to the Collateral Agent at any time after the incurrence of ABL Obligations by any Grantors and prior to the Discharge of
ABL Obligations, then delivery of such ABL Priority Collateral (or control with respect thereto, and any related approval or consent rights) may instead be made to the ABL Agent (as bailee for the Collateral Agent), to be held in accordance with the
applicable ABL Documents and subject to the Crossing Lien Intercreditor Agreement. After the incurrence of ABL Obligations by any Grantor and prior to the Discharge of ABL Obligations, the ABL Agent shall have sole discretion (in consultation with
the Grantors, if applicable) with respect to any determination concerning solely ABL Priority Collateral as to which the Collateral Agent would have authority to exercise under this Agreement pursuant to a provision that exists in substantially the
same form in the ABL Credit Agreement or the documentation governing any other ABL Obligation. 

  
 35 

 (c) Upon the incurrence of ABL Obligations and in accordance with the terms of the Crossing
Lien Intercreditor Agreement, the ABL Agent, to the extent provided therein and the other ABL Documents, shall be entitled to receive delivery of, and take control over, ABL Priority Collateral and to hold such Collateral in accordance with the
applicable terms of the Crossing Lien Intercreditor Agreement and the other ABL Documents. 
 (d) Following the Discharge of ABL Obligations
and in accordance with the terms of the Crossing Lien Intercreditor Agreement, the Collateral Agent, to the extent provided herein and in the Collateral Agency Agreement, shall be entitled to receive delivery of, and take control over, ABL Priority
Collateral and to hold such Collateral in accordance with the applicable terms of this Agreement and the other Loan Documents. 

Notwithstanding anything to the contrary herein, no Grantor shall be required to take or refrain from taking any action required to be taken
by such Grantor pursuant to this Agreement or at the request of the Collateral Agent (acting at the direction of the Priority Lien Secured Parties) with respect to the Collateral if such action or inaction would be inconsistent with the terms of the
Crossing Lien Intercreditor Agreement and that the representations, warranties and covenants of such Grantor shall be deemed to be modified to the extent necessary to effect the foregoing. 

[Remainder of page intentionally left blank] 

  
 36 

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

			
	GRANTORS:
	
	GOGO INC.
		
	By:	 	/s/ Barry Rowan
	Name:	 	Barry Rowan
	Title:	 	Executive Vice President, Chief
		 	  Financial Officer and Treasurer
	
	GOGO INTERMEDIATE HOLDINGS LLC
		
	By:	 	/s/ Barry Rowan
	Name:	 	Barry Rowan
	Title:	 	Executive Vice President, Chief
		 	  Financial Officer and Treasurer
	
	GOGO FINANCE CO. INC.
		
	By:	 	/s/ Barry Rowan
	Name:	 	Barry Rowan
	Title:	 	Executive Vice President, Chief
		 	  Financial Officer, Treasurer and Assistant   Secretary
	
	GOGO BUSINESS AVIATION LLC
		
	By:	 	/s/ Barry Rowan
	Name:	 	Barry Rowan
	Title:	 	Executive Vice President, Chief
		 	  Financial Officer and Treasurer
	
	GOGO LLC
		
	By:	 	/s/ Barry Rowan
	Name:	 	Barry Rowan
	Title:	 	Executive Vice President, Chief
		 	  Financial Officer and Treasurer

  
 37 

 
			
	AC BIDCO LLC
		
	By:	 	/s/ Barry Rowan
	Name:	 	Barry Rowan
	Title:	 	Executive Vice President, Chief
		 	  Financial Officer and Treasurer
	
	GOGO INTERNATIONAL HOLDINGS LLC
		
	By:	 	/s/ Barry Rowan
	Name:	 	Barry Rowan
	Title:	 	Executive Vice President, Chief
		 	  Financial Officer and Treasurer
	
	GOGO CONNECTIVITY LTD.
		
	By:	 	/s/ Barry Rowan
	Name:	 	Barry Rowan
	Title:	 	Executive Vice President and Chief
		 	  Financial Officer

  
 38 

 
			
	COLLATERAL AGENT:
	
	 U.S. BANK NATIONAL ASSOCIATION,
 as
Collateral Agent

		
	By:	 	/s/ Linda Garcia
		 	Name: Linda E. Garcia
		 	Title: Vice President

  
 39 

 EXHIBIT A-1 

TO COLLATERAL AGREEMENT 
 FORM OF
COPYRIGHT SECURITY AGREEMENT 
 This COPYRIGHT SECURITY AGREEMENT, dated as of
[                ], 20[    ] (this “Agreement”), is made by the signatory hereto indicated as a “Grantor” (the
“Grantor”) in favor of U.S. BANK NATIONAL ASSOCIATION, as Collateral Agent for the Priority Lien Secured Parties (in such capacity and together with its permitted successors and assigns in such capacity, the “Collateral
Agent”). 
 WHEREAS, the Grantor entered into a Collateral Agreement dated as of April 25, 2019 (as amended, restated,
supplemented or otherwise modified from time to time, the “Collateral Agreement”) among the Grantor, the Collateral Agent and the other persons party thereto, pursuant to which Grantor granted to the Collateral Agent, for the
benefit of the Priority Lien Secured Parties, a security interest in the Copyright Collateral (as defined below); and 
 WHEREAS,
pursuant to the Collateral Agreement, Grantor agreed to execute this Agreement, in order to record the security interest granted to the Collateral Agent for the benefit of the Priority Lien Secured Parties with the United States Copyright Office.

 NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, Grantor hereby agrees with the Collateral Agent as follows: 
 SECTION 1. Defined Terms 

Capitalized terms used but not defined herein shall have the respective meanings given thereto in the Collateral Agreement, and if not defined
therein, shall have the respective meanings given thereto in the Collateral Agency Agreement referred to therein. 
 SECTION 2. Grant of Security
Interest 
 Grantor hereby grants to the Collateral Agent, for the benefit of the Priority Lien Secured Parties, a security interest in,
all of the following property, in each case, wherever located and now owned or at any time hereafter acquired by Grantor or in which Grantor now has or at any time in the future may acquire any right, title or interest (collectively, the
“Copyright Collateral”) as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of Grantor’s Priority Lien Obligations: 

(a) All of Grantor’s right, title and interest in and to all works of authorship, all United States and foreign copyrights (whether or not
the underlying works of authorship have been published), including but not limited to copyrights in software and databases, all designs (including but not limited to all industrial designs, “Protected Designs” within the meaning of 17
U.S.C. 1301 et. Seq. and Community designs), and all “Mask Works” (as defined in 17 U.S.C. 901 of the U.S. Copyright Act), whether registered or unregistered, and with respect to any and all of the foregoing: (i) all registrations and
applications for registration thereof including, without limitation, the registrations and applications listed in Schedule A attached hereto, (ii) all extensions, renewals, and restorations thereof, (iii) all rights to sue or otherwise
recover for any past, present and future infringement or other violation thereof, (iv) all Proceeds of the foregoing, including, without limitation, license fees, royalties, income, payments, claims, damages and proceeds of suit now or
hereafter due and/or payable with respect thereto, and (v) all other copyright rights accruing thereunder or pertaining thereto throughout the world (collectively “Copyrights”); and 

  
 EXHIBIT A-1-1 

 (b) all written licenses pursuant to which Grantor has been granted exclusive rights in any
registered Copyrights, including, without limitation, each agreement listed in Schedule A attached hereto.  

SECTION 3. Collateral Agreement and Collateral Agency Agreement 

The security interest granted pursuant to this Agreement is granted in conjunction with the security interest granted to the Collateral Agent
for the Priority Lien Secured Parties pursuant to the Collateral Agreement, and the Grantor hereby acknowledges and affirms that the rights and remedies of the Collateral Agent with respect to the security interest in the Copyright Collateral made
and granted hereby are more fully set forth in the Collateral Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein. In the event that any provision of this Agreement is deemed to conflict
with the Collateral Agreement, the Collateral Agency Agreement or the Crossing Lien Intercreditor Agreement, the provisions of the Collateral Agreement, the Collateral Agency Agreement or the Crossing Lien Intercreditor Agreement, as applicable,
shall control. 
 SECTION 4. Governing Law 

THIS AGREEMENT AND ANY DISPUTE, CLAIM OR CONTROVERSY ARISING OUT OF OR RELATING TO THIS AGREEMENT (WHETHER ARISING IN CONTRACT, TORT OR
OTHERWISE) SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICTS OF LAW RULES THAT WOULD RESULT IN THE APPLICATION OF A DIFFERENT GOVERNING LAW (OTHER THAN ANY MANDATORY
PROVISIONS OF THE UCC RELATING TO THE LAW GOVERNING PERFECTION AND EFFECT OF PERFECTION OR PRIORITY OF THE SECURITY INTERESTS). 
 SECTION 5.
Counterparts 
 This Agreement may be executed in one or more counterparts and by different parties hereto in separate counterparts, each
of which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument. 

[Remainder of page intentionally left blank] 

  
 EXHIBIT A-1-2 

 IN WITNESS WHEREOF, Grantor has caused this Agreement to be executed and delivered by
its duly authorized officer as of the date first set forth above. 
  

			
	 [NAME OF GRANTOR],
 as
Grantor

		
	By:	 	 
		 	Name:
		 	Title:

  
 EXHIBIT A-1-3 

			
	Accepted and Agreed:
	
	U.S. BANK NATIONAL ASSOCIATION, as Collateral Agent
		
	By:	 	 
		 	Name:
		 	Title:

  
 EXHIBIT A-1-4 

 SCHEDULE A 

to 
 COPYRIGHT SECURITY
AGREEMENT 
 COPYRIGHT REGISTRATIONS 
  

							
	 Title
	  	 Author
	  	 Registration No.
	  	 Registration

Date

		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	

 COPYRIGHT APPLICATIONS 
  

							
	 Title
	  	 Author
	  	 Application /

Case No.
	  	 Filing Date

		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	

 EXCLUSIVE COPYRIGHT LICENSES 
  

					
	 Title of Copyright License
	  	 Name of Licensor
	  	 Registration Number of

underlying Copyright

		  		  	
		  		  	
		  		  	
		  		  	
		  		  	

  
 EXHIBIT A-1-5 

 EXHIBIT A-2 

TO COLLATERAL AGREEMENT 
 FORM OF
PATENT SECURITY AGREEMENT 
 This PATENT SECURITY AGREEMENT, dated as of
[                ], 20[    ] (this “Agreement”), is made by the signatory hereto indicated as a “Grantor” (the
“Grantor”) in favor of U.S. BANK NATIONAL ASSOCIATION, as Collateral Agent for the Priority Lien Secured Parties (in such capacity and, together with its permitted successors and assigns in such capacity, the “Collateral
Agent”). 
 WHEREAS, the Grantor entered into a Collateral Agreement dated as of April 25, 2019 (as amended, restated,
supplemented or otherwise modified from time to time, the “Collateral Agreement”) among the Grantor, the Collateral Agent and the other persons party thereto, pursuant to which the Grantor granted to the Collateral Agent, for the
benefit of the Priority Lien Secured Parties, a security interest in the Patent Collateral (as defined below); and 
 WHEREAS,
pursuant to the Collateral Agreement, Grantor agreed to execute this Agreement, in order to record the security interest granted to the Collateral Agent for the benefit of the Priority Lien Secured Parties with the United States Patent and Trademark
Office. 
 NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the Grantor hereby agrees with the Collateral Agent as follows: 
 SECTION. 1. Defined Terms 

Capitalized terms used but not defined herein shall have the respective meanings given thereto in the Collateral Agreement, and if not defined
therein, shall have the respective meanings given thereto in the Collateral Agency Agreement referred to therein. 
 SECTION 2. Notice and Confirmation
of Grant of Security Interest. 
 Grantor hereby confirms the grant in the Collateral Agreement to the Collateral Agent, for the benefit of the Priority
Lien Secured Parties, of a security interest in, all of the following property, in each case, wherever located and now owned or at any time hereafter acquired by Grantor or in which Grantor now has or at any time in the future may acquire any right,
title or interest (collectively, the “Patent Collateral”) as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of Grantor’s Priority
Lien Obligations: 
 All of Grantor’s right, title and interest in and to all patentable inventions and designs, all United States,
foreign, and multinational patents, certificates of invention, and similar industrial property rights, and applications for any of the foregoing, including without limitation: (i) each patent and patent application listed in Schedule A
attached hereto (ii) all reissues, substitutes, divisions, continuations, continuations-in-part, extensions, renewals, and reexaminations thereof, (iii) all
inventions and improvements described and claimed therein, (iv) all rights to sue or otherwise recover for any past, present and future infringement or other violation thereof, (v) all Proceeds of the foregoing, including, without
limitation, license fees, royalties, income, payments, claims, damages, and proceeds of suit now or hereafter due and/or payable with respect thereto, income, royalties, damages and other payments now and hereafter due and/or payable with respect
thereto, and (vi) all other patent rights accruing thereunder or pertaining thereto throughout the world. 

  
 EXHIBIT A-2-1 

 SECTION 3. Collateral Agreement and Collateral Agency Agreement 

The security interest confirmed pursuant to this Agreement is confirmed in conjunction with the security interest granted to the Collateral
Agent for the Priority Lien Secured Parties pursuant to the Collateral Agreement, and the Grantor hereby acknowledges and affirms that the rights and remedies of the Collateral Agent with respect to the security interest in the Patent Collateral
made and granted hereby are more fully set forth in the Collateral Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein. In the event that any provision of this Agreement is deemed to
conflict with the Collateral Agreement, the Collateral Agency Agreement or the Crossing Lien Intercreditor Agreement, the provisions of the Collateral Agreement, the Collateral Agency Agreement or the Crossing Lien Intercreditor Agreement, as
applicable, shall control. 
 SECTION 4. Governing Law 

THIS AGREEMENT AND ANY DISPUTE, CLAIM OR CONTROVERSY ARISING OUT OF OR RELATING TO THIS AGREEMENT (WHETHER ARISING IN CONTRACT, TORT OR
OTHERWISE) SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICTS OF LAW RULES THAT WOULD RESULT IN THE APPLICATION OF A DIFFERENT GOVERNING LAW (OTHER THAN ANY MANDATORY
PROVISIONS OF THE UCC RELATING TO THE LAW GOVERNING PERFECTION AND EFFECT OF PERFECTION OR PRIORITY OF THE SECURITY INTERESTS). 
 SECTION 5.
Counterparts 
 This Agreement may be executed in one or more counterparts and by different parties hereto in separate counterparts, each
of which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument. 

[Remainder of page intentionally left blank] 

  
 EXHIBIT A-2-2 

 IN WITNESS WHEREOF, Grantor has caused this Agreement to be executed and delivered by
its duly authorized officer as of the date first set forth above. 
  

			
	 [NAME OF GRANTOR],
 as
Grantor

		
	By:	 	 
		 	Name:
		 	Title:

  
 EXHIBIT A-2-3 

			
	Accepted and Agreed:
	
	U.S. BANK NATIONAL ASSOCIATION, as Collateral Agent
		
	By:	 	 
		 	Name:
		 	Title:

  
 EXHIBIT A-2-4 

 SCHEDULE A 

to 
 PATENT SECURITY
AGREEMENT 
 PATENTS AND PATENT APPLICATIONS 
  

									
	 Title
	  	 Application No.
	  	 Filing Date
	  	 Patent No.
	  	 Issue Date

		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	

  
 EXHIBIT A-2-5 

 EXHIBIT A-3 

TO COLLATERAL AGREEMENT 
 FORM OF
TRADEMARK SECURITY AGREEMENT 
 This TRADEMARK SECURITY AGREEMENT, dated as of
[                ], 20[    ] (this “Agreement”), is made by the signatory hereto indicated as a “Grantor” (the
“Grantor”) in favor of U.S. BANK NATIONAL ASSOCIATION, as Collateral Agent for the Priority Lien Secured Parties (in such capacity and, together with its permitted successors and assigns in such capacity, the “Collateral
Agent”). 
 WHEREAS, the Grantor entered into a Collateral Agreement dated as of April 25, 2019 (as amended, restated,
supplemented or otherwise modified from time to time, the “Collateral Agreement”) among the Grantor, the Collateral Agent and the other persons party thereto, pursuant to which the Grantor granted to the Collateral Agent, for the
benefit of the Priority Lien Secured Parties, a security interest in the Trademark Collateral (as defined below); and 
 WHEREAS,
pursuant to the Collateral Agreement, Grantor agreed to execute this Agreement, in order to record the security interest granted to the Collateral Agent for the benefit of the Priority Lien Secured Parties with the United States Patent and Trademark
Office. 
 NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the Grantors hereby agree with the Collateral Agent as follows: 
 SECTION 1. Defined Terms 

Capitalized terms used but not defined herein shall have the respective meanings given thereto in the Collateral Agreement, and if not defined
therein, shall have the respective meanings given thereto in the Collateral Agency Agreement referred to therein. 
 SECTION 2. Notice and Confirmation
of Grant of Security Interest in Trademark Collateral 
 SECTION 2.1 Notice and Confirmation of Grant of Security. Grantor hereby
confirms the grant in the Collateral Agreement to the Collateral Agent, for the benefit of the Priority Lien Secured Parties, of a security interest in, all of the following property, in each case, wherever located and now owned or at any time
hereafter acquired by Grantor or in which Grantor now has or at any time in the future may acquire any right, title or interest (collectively, the “Trademark Collateral”) as collateral security for the prompt and complete payment
and performance when due (whether at the stated maturity, by acceleration or otherwise) of Grantor’s Priority Lien Obligations: 
 All
of Grantor’s right, title and interest in and to all domestic, foreign and multinational trademarks, service marks, trade names, corporate names, company names, business names, fictitious business names, trade dress, trade styles, logos,
Internet domain names and other indicia of origin or source identification, whether registered or unregistered, and with respect to any and all of the foregoing: (i) all registrations and applications for registration thereof including, without
limitation, the registrations and applications listed in Schedule A attached hereto, (ii) all extension and renewals thereof, (iii) all of the goodwill of the business connected with the use of and symbolized by any of the foregoing,
(iv) all rights to sue or otherwise recover for any past, present and future infringement, dilution, or other violation thereof, (iv) all Proceeds of the foregoing, including, without limitation, license fees, royalties, income, payments,
claims, damages and proceeds of suit now or hereafter due and/or payable with respect thereto, and (v) all other trademark rights accruing thereunder or pertaining thereto throughout the world. 

  
 EXHIBIT A-3-1 

 SECTION 2.2 Certain Limited Exclusions. Notwithstanding anything herein to the
contrary, in no event shall the Trademark Collateral include or the security interest granted under Section 2.1 hereof attach to any “intent-to-use”
application for registration of a Trademark filed pursuant to Section 1(b) of the Lanham Act, 15 U.S.C. § 1051, prior to the filing and acceptance of a “Statement of Use” pursuant to Section 1(d) of the Lanham Act or an
“Amendment to Allege Use” pursuant to Section 1(c) of the Lanham Act with respect thereto, solely to the extent, if any, that, and solely during the period, if any, in which, the grant of a security interest therein could impair the
validity or enforceability of any registration that issues from such intent-to-use application under applicable federal law. 

SECTION 3. Collateral Agreement and Collateral Agency Agreement 

The security interest confirmed pursuant to this Agreement is confirmed in conjunction with the security interest granted to the Collateral
Agent for the Priority Lien Secured Parties pursuant to the Collateral Agreement, and the Grantor hereby acknowledges and affirms that the rights and remedies of the Collateral Agent with respect to the security interest in the Trademark Collateral
made and granted hereby are more fully set forth in the Collateral Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein. In the event that any provision of this Agreement is deemed to
conflict with the Collateral Agreement, the Collateral Agency Agreement or the Crossing Lien Intercreditor Agreement, the provisions of the Collateral Agreement or the Collateral Agency Agreement, as applicable, shall control. 

SECTION 4. Governing Law 
 THIS
AGREEMENT AND ANY DISPUTE, CLAIM OR CONTROVERSY ARISING OUT OF OR RELATING TO THIS AGREEMENT (WHETHER ARISING IN CONTRACT, TORT OR OTHERWISE) SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK
WITHOUT REGARD TO CONFLICTS OF LAW RULES THAT WOULD RESULT IN THE APPLICATION OF A DIFFERENT GOVERNING LAW (OTHER THAN ANY MANDATORY PROVISIONS OF THE UCC RELATING TO THE LAW GOVERNING PERFECTION AND EFFECT OF PERFECTION OR PRIORITY OF THE SECURITY
INTERESTS). 
 SECTION 5. Counterparts 

This Agreement may be executed in one or more counterparts and by different parties hereto in separate counterparts, each of which when so
executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument. 

[Remainder of page intentionally left blank] 

  
 EXHIBIT A-3-2 

 IN WITNESS WHEREOF, Grantor has caused this Agreement to be executed and delivered by
its duly authorized officer as of the date first set forth above. 
  

			
	 [NAME OF GRANTOR],
 as
Grantor

		
	By:	 	 
		 	Name:
		 	Title:

  
 EXHIBIT A-3-3 

			
	Accepted and Agreed:
	
	U.S. BANK NATIONAL ASSOCIATION, as Collateral Agent
		
	By:	 	 
		 	Name:
		 	Title:

  
 EXHIBIT A-3-4 

 SCHEDULE A 

to 
 TRADEMARK SECURITY
AGREEMENT 
 TRADEMARK REGISTRATIONS AND APPLICATIONS 
  

									
	 Mark
	  	 Serial No.
	  	 Filing Date
	  	 Registration No.
	  	 Registration Date

		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	

  
 EXHIBIT A-3-5 

 Annex 1 to 

Collateral Agreement 
 FORM OF ASSUMPTION
AGREEMENT 
 ASSUMPTION AGREEMENT, dated as of
                ,         , made by
                            , a
                     (the “Additional Grantor”), in favor of U.S. BANK NATIONAL ASSOCIATION, as Collateral Agent (in such capacity
and, together with its permitted successors and assigns, the “Collateral Agent”) for the Priority Lien Secured Parties (as defined in the Collateral Agency Agreement referred to in the Collateral Agreement (as hereinafter defined)).
All capitalized terms not defined herein shall have the meaning ascribed to them in the Collateral Agreement or the Collateral Agency Agreement, as applicable. 

W I T N E S S E T H: 

WHEREAS, the Grantors (other than the Additional Grantor) have entered into the Collateral Agreement dated as of April 25, 2019 (as
amended, supplemented or otherwise modified from time to time, the “Collateral Agreement”) in favor of the Collateral Agent for the benefit of the Priority Lien Secured Parties; 

WHEREAS, the Additional Grantor is required to become a party to the Collateral Agreement; and 

WHEREAS, the Additional Grantor has agreed to execute and deliver this Assumption Agreement in order to become a party to the Collateral
Agreement. 
 NOW, THEREFORE, IT IS AGREED: 

1. Collateral Agreement. By executing and delivering this Assumption Agreement, the Additional Grantor, as provided in Section 9.14
of the Collateral Agreement, hereby becomes a party to the Collateral Agreement as a Grantor thereunder with the same force and effect as if originally named therein as a Grantor and, without limiting the generality of the foregoing, hereby
expressly assumes all obligations and liabilities of a Grantor thereunder. The information set forth in Annex 1-A hereto is hereby added to the information set forth in Schedules
                1 to the Collateral Agreement. The Additional Grantor hereby represents and warrants that each of
the representations and warranties contained in Section 4 of the Collateral Agreement is true and correct on and as the date hereof (after giving effect to this Assumption Agreement) as if made on and as of such date. 

2. GOVERNING LAW. THIS ASSUMPTION AGREEMENT AND ANY DISPUTE, CLAIM OR CONTROVERSY ARISING OUT OF OR RELATING TO THIS ASSUMPTION
AGREEMENT (WHETHER ARISING IN CONTRACT, TORT OR OTHERWISE) SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICTS OF LAW RULES THAT WOULD RESULT IN THE APPLICATION OF A
DIFFERENT GOVERNING LAW (OTHER THAN ANY MANDATORY PROVISIONS OF THE UCC RELATING TO THE LAW GOVERNING PERFECTION AND EFFECT OF PERFECTION OR PRIORITY OF THE SECURITY INTERESTS). 

 

	1 	 Refer to each Schedule which needs to be supplemented.

  
 Annex 1-1 

 3. Successors and Assigns. 

This Assumption Agreement will be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, except that the
Additional Grantor may not assign, transfer or delegate any of its rights or obligations under this Assumption Agreement without the prior written consent of the Collateral Agent and any such assignment, transfer or delegation without such consent
shall be null and void. 
 IN WITNESS WHEREOF, the undersigned has caused this Assumption Agreement to be duly executed and delivered as of
the date first above written. 
  

			
	[ADDITIONAL GRANTOR]
		
	By:	 	 
		 	Name:
		 	Title:

  
 Annex 1-2 

 Annex 1A 

  
 Annex 1A-1EX-10.2

 Exhibit 10.2 

Execution Version 
  

 
  

COLLATERAL AGENCY AGREEMENT 

dated as of April 25, 2019 

among 
 GOGO INC., 

GOGO INTERMEDIATE HOLDINGS LLC, 

GOGO FINANCE CO. INC., 

the other Grantors from time to time party hereto, 

U.S. BANK NATIONAL ASSOCIATION, 

as Trustee under the Indenture 

and 
 U.S. BANK NATIONAL
ASSOCIATION, 
 as Collateral Agent 
  

 
  

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	 ARTICLE 1. DEFINITIONS; PRINCIPLES OF CONSTRUCTION
	  	 	1	 
		
	 SECTION 1.1 Defined Terms
	  	 	1	 
	 SECTION 1.2 Other Definition Provisions
	  	 	14	 
		
	 ARTICLE 2. THE TRUST ESTATES
	  	 	15	 
		
	 SECTION 2.1 Declaration of Senior Trust
	  	 	15	 
	 SECTION 2.2 Declaration of Junior Trust
	  	 	16	 
	 SECTION 2.3 Priority of Liens Between Classes
	  	 	17	 
	 SECTION 2.4 Restrictions on Enforcement of Junior Liens; Prohibition on Contesting
Liens
	  	 	18	 
	 SECTION 2.5 Waiver of Right of Marshaling
	  	 	21	 
	 SECTION 2.6 Discretion in Enforcement of Priority Liens
	  	 	21	 
	 SECTION 2.7 Amendments to Priority Lien Documents and Discretion in Enforcement of Priority
Lien Obligations
	  	 	22	 
	 SECTION 2.8 Insolvency or Liquidation Proceedings
	  	 	22	 
	 SECTION 2.9 Collateral Shared Equally and Ratably within Class
	  	 	26	 
	 SECTION 2.10 No New Liens
	  	 	27	 
	 SECTION 2.11 Similar Liens and Agreements
	  	 	28	 
	 SECTION 2.12 Confirmation of Subordination in Junior Lien Security Documents
	  	 	28	 
		
	 ARTICLE 3. OBLIGATIONS AND POWERS OF COLLATERAL AGENT
	  	 	29	 
		
	 SECTION 3.1 Appointment and Undertaking of the Collateral Agent
	  	 	29	 
	 SECTION 3.2 Release or Subordination of Liens
	  	 	31	 
	 SECTION 3.3 Enforcement of Liens
	  	 	31	 
	 SECTION 3.4 Application of Proceeds
	  	 	31	 
	 SECTION 3.5 Powers of the Collateral Agent
	  	 	34	 
	 SECTION 3.6 Documents and Communications
	  	 	34	 
	 SECTION 3.7 For Sole and Exclusive Benefit of the Secured Parties
	  	 	34	 
	 SECTION 3.8 Additional Secured Debt
	  	 	35	 
	 SECTION 3.9 Hedging Obligations and Bank Product Obligations
	  	 	36	 
		
	 ARTICLE 4. OBLIGATIONS ENFORCEABLE BY THE ISSUERS AND THE OTHER GRANTORS
	  	 	38	 
		
	 SECTION 4.1 Release of Liens on Collateral
	  	 	38	 
	 SECTION 4.2 Delivery of Copies to Secured Debt Representatives
	  	 	41	 
	 SECTION 4.3 Collateral Agent not Required to Serve, File or Record
	  	 	42	 
	 SECTION 4.4 Release of Liens in Respect of any Series of Priority Lien Debt or any Series of
Junior Lien Debt
	  	 	42	 
		
	 ARTICLE 5. IMMUNITIES OF THE COLLATERAL AGENT
	  	 	43	 
		
	 SECTION 5.1 No Implied Duty
	  	 	43	 
	 SECTION 5.2 Appointment of Agents and Advisors
	  	 	44	 
	 SECTION 5.3 Other Agreements
	  	 	44	 
	 SECTION 5.4 Solicitation of Instructions
	  	 	44	 

  
 i 

					
	 SECTION 5.5 Limitation of Liability
	  	 	45	 
	 SECTION 5.6 Documents in Satisfactory Form
	  	 	45	 
	 SECTION 5.7 Entitled to Rely
	  	 	45	 
	 SECTION 5.8 Secured Debt Default
	  	 	45	 
	 SECTION 5.9 Actions by Collateral Agent
	  	 	46	 
	 SECTION 5.10 Security or Indemnity in favor of the Collateral Agent
	  	 	46	 
	 SECTION 5.11 Rights of the Collateral Agent
	  	 	46	 
	 SECTION 5.12 Limitations on Duty of Collateral Agent in Respect of Collateral
	  	 	46	 
	 SECTION 5.13 Assumption of Rights, Not Assumption of Duties
	  	 	47	 
	 SECTION 5.14 No Liability for Clean Up of Hazardous Materials
	  	 	48	 
	 SECTION 5.15 Force Majeure
	  	 	48	 
	 SECTION 5.16 Capacities; Immunities
	  	 	48	 
		
	 ARTICLE 6. RESIGNATION AND REMOVAL OF THE COLLATERAL AGENT
	  	 	49	 
		
	 SECTION 6.1 Resignation or Removal of Collateral Agent
	  	 	49	 
	 SECTION 6.2 Appointment of Successor Collateral Agent
	  	 	49	 
	 SECTION 6.3 Succession
	  	 	49	 
	 SECTION 6.4 Merger, Conversion or Consolidation of Collateral Agent
	  	 	50	 
		
	 ARTICLE 7. MISCELLANEOUS PROVISIONS
	  	 	50	 
		
	 SECTION 7.1 Amendment
	  	 	50	 
	 SECTION 7.2 Voting
	  	 	52	 
	 SECTION 7.3 Further Assurances
	  	 	52	 
	 SECTION 7.4 Perfection of Junior Trust Estate
	  	 	53	 
	 SECTION 7.5 Separate Grants and Separate Classification
	  	 	53	 
	 SECTION 7.6 Successors and Assigns
	  	 	54	 
	 SECTION 7.7 Delay and Waiver
	  	 	54	 
	 SECTION 7.8 Notices
	  	 	55	 
	 SECTION 7.9 Notice Following Discharge of Priority Lien Obligations
	  	 	56	 
	 SECTION 7.10 Entire Agreement
	  	 	56	 
	 SECTION 7.11 Compensation; Expenses
	  	 	56	 
	 SECTION 7.12 Indemnity
	  	 	57	 
	 SECTION 7.13 Actions Upon Breach; Specific Performance
	  	 	58	 
	 SECTION 7.14 Severability
	  	 	58	 
	 SECTION 7.15 Section Headings
	  	 	59	 
	 SECTION 7.16 Obligations Secured
	  	 	59	 
	 SECTION 7.17 Governing Law
	  	 	59	 
	 SECTION 7.18 Consent to Jurisdiction
	  	 	59	 
	 SECTION 7.19 Waiver of Jury Trial
	  	 	60	 
	 SECTION 7.20 Counterparts
	  	 	60	 
	 SECTION 7.21 Grantors and Additional Grantors
	  	 	60	 
	 SECTION 7.22 Continuing Nature of this Agreement
	  	 	60	 
	 SECTION 7.23 Insolvency
	  	 	61	 
	 SECTION 7.24 Rights and Immunities of Secured Debt Representatives
	  	 	61	 
	 SECTION 7.25 USA PATRIOT Act Section 326 Customer Identification Program
	  	 	61	 
	 SECTION 7.26 Crossing Lien Intercreditor Agreement
	  	 	62	 

  
 ii 

					
	 EXHIBIT A
	  	–  	  	Additional Secured Debt Designation
	 EXHIBIT B
	  	–  	  	Form of Collateral Agency Joinder—Additional Secured Debt
	 EXHIBIT C
	  	–  	  	Form of Collateral Agency Joinder—Additional Grantors
	 EXHIBIT D
	  	–  	  	Additional Secured Obligation Designation
	 EXHIBIT E
	  	–  	  	Form of Collateral Agency Joinder—Additional Secured Obligations

  

  
 iii 

 COLLATERAL AGENCY AGREEMENT dated as of April 25, 2019 among Gogo Inc., a Delaware
corporation (the “Parent”), Gogo Intermediate Holdings LLC, a Delaware limited liability company (the “Company”), Gogo Finance Co. Inc., a Delaware corporation (the “Co-Issuer” and, together with the Company, the “Issuers”), the other Grantors from time to time party hereto, U.S. Bank National Association, as Trustee (as defined below), and
U.S. Bank National Association, as Collateral Agent (in such capacity and together with its permitted successors and assigns in such capacity, the “Collateral Agent”). 

W I T N E S S E T H: 

WHEREAS, the Issuers intend to issue 9.875% Senior Secured Notes due 2024 (the “Notes”) in an aggregate
principal amount of $905.0 million pursuant to an Indenture dated as of the date hereof (as amended, restated, amended and restated, supplemented or otherwise modified and in effect from time to time, the
“Indenture”) among the Issuers, the guarantors party thereto and U.S. Bank National Association, as trustee (in such capacity and together with its permitted successors and assigns in such capacity, the
“Trustee”). 
 WHEREAS, the Issuers and the other Grantors intend to secure the Obligations under the
Indenture, any future Priority Lien Debt, any other Priority Lien Obligations on a priority basis and, subject to such priority, intend to secure any future Junior Lien Debt and any other Junior Lien Obligations, with Liens on all present and future
Collateral to the extent that such Liens have been provided for in the applicable Security Documents. 
 WHEREAS, the Collateral Agent (on
behalf of the Secured Parties) may become party to the Crossing Lien Intercreditor Agreement. 
 WHEREAS, this Agreement sets forth the
terms on which each Secured Party has appointed the Collateral Agent to act as the collateral agent for the present and future holders of the Secured Obligations to receive, hold, maintain, administer and distribute the Collateral at any time
delivered to the Collateral Agent or the subject of the Security Documents, and to enforce the Security Documents and all interests, rights, powers and remedies of the Collateral Agent with respect thereto or thereunder and the proceeds thereof.

 NOW, THEREFORE, in consideration of the premises and the mutual agreements herein set forth, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties to this Agreement hereby agree as follows: 

ARTICLE 1. DEFINITIONS; PRINCIPLES OF CONSTRUCTION 

SECTION 1.1 Defined Terms. 

The following terms will have the following meanings: 

“Act of Required Secured Parties” means, as to any matter at any time: 

(1) prior to the Discharge of Priority Lien Obligations, a direction in writing delivered to the Collateral Agent by or with
the written consent of, the holders of (or the Priority Lien Representatives representing the holders of) more than 50% of the sum of: 

 (a) the aggregate outstanding principal amount of Priority Lien Debt
(including the face amount of outstanding letters of credit whether or not then available or drawn); and 
 (b) other than in
connection with the exercise of remedies, the aggregate unfunded commitments to extend credit which, when funded, would constitute Priority Lien Debt; provided, however, that if at any time prior to the Discharge of Priority Lien Obligations
the only remaining Priority Lien Obligations are Hedging Obligations and/or Bank Product Obligations, then the term “Act of Required Secured Parties” will mean the holders of a majority of the sum of the (i) aggregate “settlement
amount” (or similar term) as defined in the Hedge Agreements (or, with respect to any Hedge Agreement that has been terminated in accordance with its terms, the amount, if any, then due and payable by any Grantor (exclusive of expenses and
similar payments but including any early termination payments then due) under such Hedge Agreement) under all Hedge Agreements the Hedging Obligations under which would constitute Priority Lien Obligations and (ii) aggregate amounts payable
under Bank Product Agreements (exclusive of expenses and similar payments) the Bank Product Obligations under which would constitute Priority Lien Obligations; provided further, that any Hedge Agreement with a “settlement amount”
(or similar term) or termination payment that is a negative number shall be disregarded for purposes of all calculations required by the term “Act of Required Secured Parties;” and 

(2) at any time after the Discharge of Priority Lien Obligations, a direction in writing delivered to the Collateral Agent by
or with the written consent of the Required Junior Lien Debtholders (or the Junior Lien Representatives representing the Required Junior Lien Debtholders). 

For purposes of this definition, (a) Secured Debt registered in the name of, or beneficially owned by, an Issuer or any Affiliate of the Issuers will be
deemed not to be outstanding and neither the Issuers nor any Affiliate of the Issuers will be entitled to vote such Secured Debt and (b) votes will be determined in accordance with Section 7.2. 

“Additional Secured Debt” has the meaning set forth in Section 3.8(b)(1). 

“Additional Secured Debt Designation” means a notice in substantially the form of Exhibit A. 

“Additional Secured Obligation Designation” means a notice in substantially the form of Exhibit D. 

“Affiliate” means, as applied to any Person, any other Person directly or indirectly controlling,
controlled by, or under direct or indirect common control with, such Person. For purposes of this definition, “control” (including, with correlative meanings, the terms “controlling,” “controlled by” and “under
common control with”), as applied to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting securities, by
contract or otherwise. 

  
 2 

 “Affiliate Securities” means all
“securities” of any of the Issuers’ “affiliates” (as the terms “securities” and “affiliates” are used in Rule 3-16 of Regulation
S-X under the Securities Act of 1933, as amended, and any successor rule) including any securities described in Section 4.4(c) hereof. 

“Agreement” means this Collateral Agency Agreement, as amended, supplemented, amended and restated or
otherwise modified from time to time in accordance with Section 7.1 hereof. 
 “Bank Product
Agreement” means any agreement giving rise to Bank Product Obligations; provided that the Bank Product Provider that is a counterparty thereto has delivered a Collateral Agency Joinder in respect thereof and the other
requirements of Section 3.9 have been complied with. 
 “Bank Product Obligations” means, all obligations and
liabilities (whether direct or indirect, absolute or contingent, due or to become due or now existing or hereafter incurred) of the Issuers or any other Grantor, whether on account of principal, interest, reimbursement obligations, fees,
indemnities, costs, expenses or otherwise, which may arise under, out of, or in connection with any treasury, investment, depository, clearing house, wire transfer, cash management or automated clearing house transfers of funds services or any
related services, to any person, in each case that are designated by the Issuers to the Collateral Agent and each Secured Debt Representative as Bank Product Obligations by written notice in accordance with Section 3.9 hereof. 

“Bank Product Provider” means any Person to whom Bank Product Obligations are owing. 

“Bankruptcy Code” means Title 11 of the United States Code entitled
“Bankruptcy,” as now and hereafter in effect, or any successor statute. 
 “Board of
Directors” means (1) with respect to a corporation, the board of directors of the corporation or a duly authorized committee thereof, (2) with respect to a partnership, the Board of Directors of the general
partner of the partnership and (3) with respect to any other Person, the board of directors or managers, sole member or managing member, or committee of such Person serving a similar function. 

“Business Day” means any day other than a Saturday, a Sunday or a day on which banking institutions in
the City of New York or at a place of payment of any applicable Secured Obligations are authorized or required by law, regulation or executive order to remain closed. 

“Capital Stock” means: (1) in the case of a corporation, corporate stock; (2) in the
case of an association or business entity, any and all shares, interests, participations, rights or other equivalents (however designated) of corporate stock; (3) in the case of a partnership or limited liability company, partnership interests
(whether general or limited) or membership interests; and (4) any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person, but
excluding from all of the foregoing any Convertible Debt, whether or not such Convertible Debt includes any right of participation with Capital Stock. 

  
 3 

 “Cash Flow Collateral Representative” has the meaning
set forth in the Crossing Lien Intercreditor Agreement. 
 “Class” means (1) in the case
of Junior Lien Obligations, every Series of Junior Lien Debt and all other Junior Lien Obligations, taken together, and (2) in the case of Priority Lien Obligations, every Series of Priority Lien Debt and all other Priority Lien Obligations,
taken together. 
 “Co-Issuer” has the meaning set forth in
the preamble to this Agreement. 
 “Collateral” means, in the case of each Series of Secured
Debt, all properties and assets of the Issuers and the other Grantors now owned or hereafter acquired in which Liens have been granted, or purported to be granted, or required to be granted, to the Collateral Agent to secure any or all of the
Secured Obligations, including any property subject to Liens granted pursuant to Section 2.8, and shall exclude any properties and assets in which the Collateral Agent is required to release its Liens pursuant to Section 3.2. 

“Collateral Agency Joinder” means (i) with respect to the provisions of this Agreement relating to
any Additional Secured Debt, an agreement substantially in the form of Exhibit B , (ii) with respect to the provisions of this Agreement relating to the addition of additional Grantors, an agreement substantially in the form of
Exhibit C and (iii) with respect to the provisions of this Agreement relating to any Hedging Obligations or Bank Product Obligations, an agreement substantially in the form of Exhibit E. 

“Collateral Agent” has the meaning set forth in the preamble to this Agreement. 

“Company” has the meaning set forth in the preamble to this Agreement. 

“Controlling Representative” means at any time (1) prior to the Discharge of Priority Lien Obligations, the
Priority Lien Representative that represents the Series of Priority Lien Debt with the then largest outstanding principal amount or, if there is no outstanding Series of Priority Lien Debt, the Hedge Provider or Bank Product Provider with the
largest amount of Priority Lien Obligations owed to it (calculated in accordance with Section 3.4 hereof) and (2) after the Discharge of Priority Lien Obligations, the Junior Lien Representative that represents the Series of Junior Lien
Debt with the then largest outstanding principal amount or, if there is no outstanding Series of Junior Lien Debt, the Hedge Provider or Bank Product Provider with the largest amount of Junior Lien Obligations owed to it (calculated in accordance
with Section 3.4 hereof). 
 “Convertible Debt” has the meaning set forth in the Indenture. 

“Crossing Lien Intercreditor Agreement” shall mean an intercreditor agreement substantially in the Form of Exhibit F
to the Indenture as the same may be amended, supplemented, waived or otherwise modified from time to time in accordance with the terms thereof. 

  
 4 

 “DIP Financing” has the meaning set forth in
Section 2.8(a). 
 “Discharge of Priority Lien Obligations” means the occurrence of all of the
following: 
 (1) termination or expiration of all commitments to extend credit that would constitute Priority Lien Debt;

 (2) with respect to each Series of Priority Lien Debt, either (x) payment in full in cash of the principal of and
interest and premium (if any) on all Priority Lien Debt of such Series (other than any undrawn letters of credit) or (y) there has been a legal defeasance or covenant defeasance pursuant to the terms of the applicable Priority Lien Debt
Documents for such Series of Priority Lien Debt; 
 (3) with respect to any undrawn letters of credit constituting Priority
Lien Debt, either (x) discharge or cash collateralization (at the lower of (A) 103% of the aggregate undrawn amount and (B) the percentage of the aggregate undrawn amount required for release of liens under the terms of the applicable
Priority Lien Document) of all outstanding letters of credit constituting Priority Lien Debt or (y) the issuer of each such letter of credit has notified the Collateral Agent in writing that alternative arrangements satisfactory to such issuer
and to the holders of the related Series of Priority Lien Debt that has reimbursement obligations with respect thereto have been made; and 

(4) payment in full in cash of all other Priority Lien Obligations (other than any obligations for taxes, costs,
indemnifications, reimbursements, damages and other liabilities in respect of which no claim or demand for payment has been made at such time) that are outstanding and unpaid at the time the Priority Lien Debt is paid in full in cash or the cash
collateralization or payment (or other arrangements with respect thereto) of all Hedging Obligations and Bank Product Obligations constituting Priority Lien Obligations on terms satisfactory to each applicable counterparty, and the expiration or
termination of all Hedging Agreements the obligations under which would constitute Priority Lien Obligations; 
 provided, however,
that if, at any time after the Discharge of Priority Lien Obligations has occurred, any Grantor thereafter enters into any Priority Lien Document evidencing a Priority Lien Debt the incurrence of which is not prohibited by any applicable Secured
Debt Document, then such Discharge of Priority Lien Obligations shall automatically be deemed not to have occurred for all purposes of this Agreement with respect to such new Priority Lien Debt (other than with respect to any actions taken as a
result of the occurrence of such first Discharge of Priority Lien Obligations), and, from and after the date on which the Issuers designate such Funded Debt as Priority Lien Debt in accordance with Section 3.8, the Obligations under such
Priority Lien Document shall automatically and without any further action be treated as Priority Lien Obligations for all purposes of this Agreement, including for purposes of the Lien priorities and rights in respect of Collateral set forth herein
and any Junior Lien Obligations shall be deemed to have been at all times Junior Lien Obligations and at no time Priority Lien Obligations. 

  
 5 

 “Funded Debt”
means, with respect to any specified Person, any indebtedness of such Person (excluding accrued expenses and trade payables), whether or not contingent: 

(1) in respect of borrowed money or advances; or 

(2) evidenced by loan agreements, bonds, notes, debentures or similar instruments or letters of credit (or reimbursement
agreements in respect thereof). 
 For the avoidance of doubt, “Funded Debt” shall not include Hedging Obligations or Bank Product Obligations.

 “Grantors” means Parent, the Issuers, the Guarantors and any other Person (if any) that at
any time provides collateral security for any Secured Obligations. 
 “Guarantee” means a
guarantee (other than by endorsement of negotiable instruments for collection in the ordinary course of business), direct or indirect, in any manner including, by way of a pledge of assets or through letters of credit or reimbursement agreements in
respect thereof, of all or any part of any Funded Debt (whether arising by virtue of partnership arrangements, or by agreements to keep-well, to purchase assets, goods, securities or services, to take or pay or to maintain financial statement
conditions or otherwise). 
 “Guarantor” means, with respect to any Priority Lien Obligations, each
person who has Guaranteed payment of any Priority Lien Obligations and, with respect to any Junior Lien Obligations, each person who has Guaranteed payment of any Junior Lien Obligations. 

“Hedge Agreement” means any Swap Contract; provided that the counterparty thereto has delivered a Collateral
Agency Joinder in respect thereof and the other requirements of Section 3.9 have been complied with. As used herein, “Hedge Agreement” shall include both any Swap Contract constituting a “master agreement” and any related
Swap Transaction; provided, however that (unless the Company otherwise elects) a Collateral Agency Joinder pursuant to Section 3.9 shall only be required once for each master agreement and shall not be required for each individual Swap
Transaction thereunder. 
 “Hedging Obligations” means, with respect to any specified Person, the
obligations of such Person under any Hedge Agreement. 
 “Hedge Provider” means the counterparty to any Grantor
under any Hedge Agreement. 
 “Indemnified Liabilities” means any and all liabilities (including all
environmental liabilities), obligations, losses, damages, penalties, actions, judgments, suits, costs, taxes, expenses or disbursements of any kind or nature whatsoever with respect to the execution, delivery, performance, administration or
enforcement of this Agreement or any of the other Security Documents, including any of the foregoing relating to the use of proceeds of any Secured Debt or the violation of, noncompliance with or liability under, any law (including environmental
laws) applicable to or enforceable against the Issuers, any of their respective 

  
 6 

 
Subsidiaries or any other Grantor or any of the Collateral and all reasonable costs and expenses (including reasonable fees and expenses of legal counsel selected by the Indemnitee) incurred by
any Indemnitee in connection with any claim, action, investigation or proceeding in any respect relating to any of the foregoing, whether or not suit is brought. 

“Indemnitee” has the meaning set forth in Section 7.12(a). 

“Indenture” has the meaning set forth in the recitals to this Agreement.  

“Insolvency or Liquidation Proceeding” means: 

(1) any voluntary or involuntary case commenced by or against the Issuers or any other Grantor under Title 11, U.S. Code or any
similar federal or state law for the relief of debtors, any other proceeding for the reorganization, recapitalization, receivership, liquidation or adjustment or marshalling of the assets or liabilities of the Issuers or any other Grantor, any
receivership or assignment for the benefit of creditors relating to the Issuers or any other Grantor or any similar case or proceeding relative to the Issuers or any other Grantor or its creditors, as such, in each case whether or not voluntary;

 (2) any liquidation, dissolution, marshalling of assets or liabilities or other winding up of or relating to the Issuers
or any other Grantor, in each case whether or not voluntary and whether or not involving bankruptcy or insolvency; or 
 (3)
any other proceeding of any type or nature in which substantially all claims of creditors of the Issuers or any other Grantor are determined and any payment or distribution is or may be made on account of such claims. 

“Issuers” has the meaning set forth in the preamble to this Agreement. 

“Junior Lien” means a Lien granted, or purported to be granted, by a Security
Document to the Collateral Agent, at any time, upon any property of the Issuers or any other Grantor to secure Junior Lien Obligations. 

“Junior Lien Adequate Protection Payments” has the meaning set forth in Section 2.8(d). 

“Junior Lien Debt” means any Funded Debt incurred by any Grantor and letter
of credit and reimbursement Obligations with respect thereto that is secured by a Junior Lien and that was permitted to be incurred and permitted to be so secured under each applicable Secured Debt Document; provided, that: 

(a) on or before the date on which such Funded Debt is incurred by the relevant Grantor, such Funded Debt is designated by the
Issuers as “Junior Lien Debt” for the purposes of the Secured Debt Documents in an Additional Secured Debt Designation executed and delivered in accordance with Section 3.8; provided, that no Funded Debt may be designated as
both Junior Lien Debt and Priority Lien Debt; 

  
 7 

 (b) unless such Funded Debt is issued under an existing Secured Debt
Document for any Series of Junior Lien Debt whose Secured Debt Representative is already party to this Agreement, the Junior Lien Representative for such Funded Debt executes and delivers a Collateral Agency Joinder in accordance with
Section 3.8(b); and 
 (c) all other requirements set forth in Section 3.8 have been complied with. 

For the avoidance of doubt, Hedging Obligations and Bank Product Obligations do not constitute Junior Lien Debt but may constitute Junior Lien Obligations.

 “Junior Lien Documents” means, collectively, any credit agreement, indenture
or other agreement pursuant to which any Junior Lien Debt is incurred and the Junior Lien Security Documents. 

“Junior Lien Obligations” means Junior Lien Debt and all other Obligations in
respect thereof including, any Post-Petition Interest whether or not allowable, together with all Hedging Obligations and Bank Product Obligations, and all guarantees of any of the foregoing. 

“Junior Lien Representative” means, in the case of any Series of Junior Lien Debt,
the trustee, agent or representative of the holders of such Series of Junior Lien Debt who maintains the transfer register for such Series of Junior Lien Debt and (A) is appointed as a representative of the Junior Lien Debt (for purposes
related to the administration of the Security Documents) pursuant to the credit agreement, indenture or other agreement governing such Series of Junior Lien Debt, together with its permitted successors and assigns in such capacity, and (B) who
has executed a Collateral Agency Joinder. 
 “Junior Lien Secured Parties” means the holders of Junior Lien
Obligations and each Junior Lien Representative. 
 “Junior Lien Security Documents” means all security agreements,
pledge agreements, collateral assignments, mortgages, deeds of trust, collateral agency agreements, control agreements or other grants or transfers for security executed and delivered by the Issuers or any other Grantor creating (or purporting to
create) a Lien upon Collateral in favor of the Collateral Agent, for the benefit of any of the Junior Lien Secured Parties, in each case, as amended, modified, renewed, restated or replaced, in whole or in part, from time to time, in accordance with
its terms and Section 7.1. 
 “Junior Trust Estate” has the meaning set forth in
Section 2.2. 
 “Lien” means any mortgage, pledge, security interest, encumbrance, lien or
charge of any kind (including, without limitation, any conditional sale or other title retention agreement or lease in the nature thereof); provided that in no event shall an operating lease be deemed to constitute a Lien. 

“Note Documents” means the Indenture, the Notes and the Priority Lien Security Documents securing the
Obligations in respect thereof. 

  
 8 

 “Notes” has the meaning set forth in the recitals to
this Agreement. 
 “Obligations” means any principal (including reimbursement obligations with
respect to letters of credit whether or not drawn), interest (including all interest accrued thereon after the commencement of any Insolvency or Liquidation Proceeding at the rate, including any applicable post-default rate, specified in the
applicable Secured Debt Documents, even if such interest is not enforceable, allowable or allowed as a claim in such proceeding), premium (if any), fees, indemnifications, reimbursements, expenses and other liabilities payable under the
documentation governing any Secured Obligations. 
 “Officer’s
Certificate” means a certificate with respect to compliance with a condition or covenant provided for in this Agreement, signed on behalf of the Issuers by a Responsible Officer of the Issuers in his or her capacity as a
Responsible Officer of the Issuers and not in his or her individual capacity, including: 
 (a) a statement that the
Responsible Officer making such certificate has read such covenant or condition; 
 (b) a brief statement as to the nature
and scope of the examination or investigation upon which the statements or opinions contained in such certificate are based; 

(c) a statement that, in the opinion of such Responsible Officer, he or she has made such examination or investigation as is
necessary to enable him or her to express an informed opinion as to whether or not such covenant or condition has been satisfied; and 

(d) a statement as to whether or not, in the opinion of such Responsible Officer, such condition or covenant has been
satisfied. 
 “Parent” has the meaning set forth in the preamble to this Agreement. 

“Pay-Over Amount” has the meaning set forth in
Section 2.8(d). 
 “Person” means an individual, a corporation, a partnership, a limited
liability company, an association, a trust or any other entity or organization, including a government or political subdivision or an agency or instrumentality thereof. 

“Post-Petition Interest” means interest, fees, expenses and other charges that
pursuant to the Priority Lien Documents or Junior Lien Documents, as applicable, continue to accrue after the commencement of any Insolvency of Liquidation Proceeding, whether or not such interest, fees, expenses and other charges are allowed or
allowable under the Bankruptcy Code or in any such Insolvency or Liquidation Proceeding. 
 “Priority
Lien” means a Lien granted, or purported to be granted, by a Security Document to the Collateral Agent, at any time, upon any property of the Issuers or any other Grantor to secure Priority Lien Obligations. 

  
 9 

 “Priority Lien Debt” means: 

(1) the Notes issued on the date hereof; and 

(2) any other Funded Debt incurred by any Grantor and letter of credit and reimbursement Obligations with respect thereto that
is secured by a Priority Lien and that was permitted to be incurred and permitted to be so secured under each applicable Secured Debt Document; provided, in the case of any Funded Debt referred to in this clause (2), that: 

(a) on or before the date on which such Funded Debt is incurred by the relevant Grantor, such Funded Debt is designated by the
Issuers as “Priority Lien Debt” for the purposes of the Secured Debt Documents in an Additional Secured Debt Designation executed and delivered in accordance with Section 3.8(a); provided, that no Funded Debt may be designated
as both Junior Lien Debt and Priority Lien Debt; 
 (b) unless such Funded Debt is issued under an existing Secured Debt
Document for any Series of Priority Lien Debt whose Secured Debt Representative is already party to this Agreement, the Priority Lien Representative for such Funded Debt executes and delivers a Collateral Agency Joinder in accordance with
Section 3.8(b); and 
 (c) all other requirements set forth in Section 3.8 have been complied with. 

For the avoidance of doubt, Hedging Obligations and Bank Product Obligations do not constitute Priority Lien Debt but may constitute Priority Lien
Obligations. 
 “Priority Lien Documents” means the Note Documents and any other credit
agreement, indenture or other agreement pursuant to which any Priority Lien Debt is incurred and the Priority Lien Security Documents. 

“Priority Lien Obligations” means the Priority Lien Debt and all other Obligations in respect of
Priority Lien Debt, including any Post-Petition Interest whether or not allowable, together with all Hedging Obligations and Bank Product Obligations, and all guarantees of any of the foregoing. In addition to the foregoing, all obligations owing to
the Collateral Agent in its capacity as such, whether pursuant to this Agreement or one or more of the Priority Lien Documents or Junior Lien Documents, shall in each case be deemed to constitute Priority Lien Obligations (with the obligations
described in this sentence being herein the “Collateral Agent Obligations”), which Collateral Agent Obligations shall be entitled to the priority provided in clause FIRST of Section 3.4(a). 

“Priority Lien Hedge and Bank Product Reference Date” has the meaning set forth in Section 3.9(d).

  
 10 

 “Priority Lien Representative” means: 

(a) in the case of the Notes, the Trustee; and 

(b) in the case of any other Series of Priority Lien Debt, the trustee, agent or representative of the holders of such Series
of Priority Lien Debt who maintains the transfer register for such Series of Priority Lien Debt and (A) is appointed as a representative of the Priority Lien Debt (for purposes related to the administration of the Security Documents) pursuant
to the credit agreement, indenture or other agreement governing such Series of Priority Lien Debt, together with its permitted successors and assigns in such capacity, and (B) who has executed a Collateral Agency Joinder. 

“Priority Lien Secured Parties” means the holders of Priority Lien Obligations, each
Priority Lien Representative and the Collateral Agent. 
 “Priority Lien Security Documents” means all security
agreements, pledge agreements, collateral assignments, mortgages, deeds of trust, collateral agency agreements, control agreements or other grants or transfers for security executed and delivered by the Issuers or any other Grantor creating (or
purporting to create) a Lien upon Collateral in favor of the Collateral Agent, for the benefit of any of the Priority Lien Secured Parties, in each case, as amended, modified, renewed, restated or replaced, in whole or in part, from time to time, in
accordance with its terms and Section 7.1. 
 “Reaffirmation Agreement” means an agreement reaffirming the
security interests granted to the Collateral Agent in substantially the form attached as Exhibit 1 to Exhibit A of this Agreement 

“Recovery” has the meaning set forth in Section 2.8(f). 

“Reference Date” has the meaning set forth in Section 3.8(d). 

“Related Parties” means, as to any Person, such Person’s Affiliates and each of their respective
directors, officers, members, partners, trustees, employees, attorneys and agents, and (in each case) their respective heirs, representatives, successors and assigns. 

“Required Junior Lien Debtholders” means, as to any matter at any time, the holders of (or the Junior
Lien Representatives representing the holders of) more than 50% of the sum of: 
 (a) the aggregate outstanding principal
amount of Junior Lien Debt (including the face amount of outstanding letters of credit whether or not then available or drawn); and 

(b) other than in connection with the exercise of remedies, the aggregate unfunded commitments to extend credit which, when
funded, would constitute Junior Lien Debt; provided, however, that if at any time the only remaining Junior Lien Obligations are Hedging Obligations and/or Bank Product Obligations, then the term “Required Junior Lien Debtholders”
will mean the holders of a majority of the sum of the (i) aggregate “settlement amount” (or similar term) as defined in 

  
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the Hedge Agreements (or, with respect to any Hedge Agreement that has been terminated in accordance with its terms, the amount, if any, then due and payable by any Grantor (exclusive of expenses
and similar payments but including any early termination payments then due) under such Hedge Agreement) under all Hedge Agreements the Hedging Obligations under which would constitute Junior Lien Obligations and (ii) aggregate amounts payable
under Bank Product Agreements (exclusive of expenses and similar payments) the Bank Product Obligations under which would constitute Junior Lien Obligations; provided further, that any Hedge Agreement with a “settlement amount” (or
similar term) or termination payment that is a negative number shall be disregarded for purposes of all calculations required by the term “Required Junior Lien Debtholders”. 

For purposes of this definition, (a) Junior Lien Debt registered in the name of, or beneficially owned by, an Issuer or any Affiliate of the Issuers will
be deemed not to be outstanding and neither the Issuers nor any Affiliate of the Issuers will be entitled to vote such Secured Debt and (b) votes will be determined in accordance with Section 7.2. 

“Responsible Officer” means the principal executive officer, the principal financial officer, the
treasurer or the principal accounting officer of the Issuers. 
 “Secured Debt” means Junior
Lien Debt and Priority Lien Debt. 
 “Secured Debt Default” means any event or condition that, under
the terms of any Secured Debt Document governing any Series of Secured Debt causes, or permits holders of Secured Debt outstanding thereunder (with or without the giving of notice or lapse of time, or both, and whether or not notice has been given
or time has lapsed) to cause, the Secured Debt outstanding thereunder to become immediately due and payable. 
 “Secured
Debt Documents” means the Junior Lien Documents and the Priority Lien Documents. 
 “Secured
Debt Representative” means each Junior Lien Representative and each Priority Lien Representative. 

“Secured Obligations” means Junior Lien Obligations and Priority Lien Obligations. 

“Secured Parties” means the holders of Secured Obligations, the Secured Debt Representatives and the
Collateral Agent. 
 “Security Documents” means this Agreement, each Collateral Agency Joinder,
each Priority Lien Security Document and each Junior Lien Security Document, in each case, as amended, modified, renewed, restated or replaced, in whole or in part, from time to time, in accordance with its terms and Section 7.1. 

“Senior Trust Estate” has the meaning set forth in Section 2.1. 

  
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 “Series of Junior Lien
Debt” means, severally, each issue or series of Junior Lien Debt for which a single transfer register is maintained. For the avoidance of doubt, all reimbursement obligations in respect of letters of credit issued pursuant
to a Junior Lien Document shall be part of the same Series of Junior Lien Debt as all other Junior Lien Debt incurred pursuant to such Junior Lien Document. 

“Series of Priority Lien Debt” means the Notes issued on the date hereof and each other issue or
series of Priority Lien Debt for which a single transfer register is maintained. For the avoidance of doubt, all reimbursement obligations in respect of letters of credit issued pursuant to a Priority Lien Document shall be part of the same Series
of Priority Lien Debt as all other Priority Lien Debt incurred pursuant to such Priority Lien Document. 
 “Series of
Secured Debt” means, severally, each Series of Priority Lien Debt and each Series of Junior Lien Debt. 

“Short Fall” has the meaning set forth in Section 2.8(d). 

“Standstill Period” has the meaning set forth in Section 2.4. 

“Subsidiary” means, with respect to any Person, any corporation, association or other business
entity of which more than 50% of the voting power of the outstanding Voting Stock is owned, directly or indirectly, by such Person and/or one or more other Subsidiaries of such Person. 

“Swap Contract” means (a) any and all interest rate swap transactions, basis swaps,
credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options for forward bond or forward bond
price or forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options,
spot contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and
(b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any
International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including such obligations or liabilities under any Master Agreement.

 “Swap Transactions” means any and all such transactions of any kind, and the related confirmations,
that are subject to the terms and conditions of, or governed by, any Hedge Agreement. 
 “Trustee” has
the meaning set forth in the recitals to this Agreement. 
 “Trust Estates” has the meaning set forth
in Section 2.2. 

  
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 “UCC” means 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. 
 “Voting Stock” means,
with respect to any Person, Capital Stock of any class or kind ordinarily having the power to vote for the election of directors, managers or other voting members of the governing body of such Person. 

SECTION 1.2 Other Definition Provisions. 

(a) The words “hereof,” “herein,” “hereto” and “hereunder” and words of similar import when used in
this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section, Schedule, Exhibit and Annex references, are to this Agreement unless otherwise specified. References to any Schedule, Exhibit
or Annex shall mean such Schedule, Exhibit or Annex as amended or supplemented from time to time in accordance with this Agreement. 
 (b)
The meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such terms. 
 (c) The
expressions “payment in full,” “paid in full” and any other similar terms or phrases when used herein shall mean payment in cash in immediately available funds. 

(d) The use herein of the word “include” or “including,” when following any general statement, term or matter, shall not be
construed to limit such statement, term or matter to the specific items or matters set forth immediately following such word or to similar items or matters, whether or not non-limiting language (such as
“without limitation” or “but not limited to” or words of similar import) is used with reference thereto, but rather shall be deemed to refer to all other items or matters that fall within the broadest possible scope of such
general statement, term or matter. 
 (e) 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. 
 (f) All terms used in this Agreement that are defined in Article 9 of the
UCC and not otherwise defined herein have the meanings assigned to them in Article 9 of the UCC. 
 (g) Notwithstanding anything to the
contrary in this Agreement, any references contained herein to any section, clause, paragraph, definition or other provision of the Indenture (including any definition contained therein) shall be deemed to be a reference to such section, clause,
paragraph, definition or other provision as in effect on the date of this Agreement; provided, that any reference to any such section, clause, paragraph or other provision shall refer to such section, clause, paragraph or other provision of
the Indenture (including any definition contained therein) as amended or modified from time to time if such amendment or 

  
 14 

 
modification has been (1) made in accordance with the Indenture and (2) prior to the Discharge of Priority Lien Obligations, approved in a writing delivered to the Trustee and the
Collateral Agent by, or on behalf of, the requisite Priority Lien Secured Parties as are needed (if any) under the terms of the applicable Priority Lien Documents to approve such amendment or modification. Unless otherwise set forth herein,
references to principal amount shall include, without duplication, any reimbursement obligations with respect to a letter or credit and the face amount thereof (whether or not such amount is, at the time of determination, drawn or available to be
drawn). 
 This Agreement and the other Security Documents will be construed without regard to the identity of the party who drafted it and
as though the parties participated equally in drafting it. Consequently, each of the parties acknowledges and agrees that any rule of construction that a document is to be construed against the drafting party will not be applicable either to this
Agreement or the other Security Documents. 
 ARTICLE 2. THE TRUST ESTATES 

SECTION 2.1 Declaration of Senior Trust. 

To secure the payment of the Priority Lien Obligations and in consideration of the premises and mutual agreements set forth in this Agreement,
each of the Grantors hereby confirms the grant to the Collateral Agent, and the Collateral Agent hereby accepts and agrees to hold, in trust under this Agreement for the benefit of all current and future Priority Lien Secured Parties, all of such
Grantor’s right, title and interest in, to and under all Collateral now or hereafter granted to the Collateral Agent under any Priority Lien Security Document (in its capacity as collateral trustee, trustee, collateral agent or similar capacity
under such Priority Lien Security Document) for the benefit of the Priority Lien Secured Parties, together with all of the Collateral Agent’s right, title and interest in, to and under the Priority Lien Security Documents, and all interests,
rights, powers and remedies of the Collateral Agent thereunder or in respect thereof and all cash and non-cash proceeds thereof (collectively, the “Senior Trust Estate”).

 The Collateral Agent and its permitted successors and assigns under this Agreement will hold the Senior Trust Estate in trust for the
benefit solely and exclusively of all current and future Priority Lien Secured Parties as security for the payment of all present and future Priority Lien Obligations. 

Notwithstanding the foregoing, if at any time: 

(1) all Liens securing the Priority Lien Obligations have been released as provided in Section 4.1; 

(2) the Collateral Agent holds no other property in trust as part of the Senior Trust Estate; 

(3) no monetary obligation (other than any obligations for taxes, costs, indemnifications, reimbursements, damages and other
liabilities in respect of which no claim or demand for payment has been made at such time) is outstanding and payable under this Agreement to the Collateral Agent or any of its co-trustees or agents (whether
in an individual or representative capacity); and 

  
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 (4) the Issuers deliver to the Collateral Agent an Officer’s
Certificate stating that all Priority Liens of the Collateral Agent have been released in compliance with all applicable provisions of the Priority Lien Documents and that the Grantors are not required by any Priority Lien Document to grant any
Priority Lien upon any property, 
 then the Senior Trust Estate will terminate (subject to any reinstatement pursuant to Sections 3.8(d) or 7.21 hereof),
except that all provisions set forth in Sections 7.11 and 7.12 that are enforceable by the Collateral Agent or any of its co-trustees or agents (whether in an individual or representative capacity) will
remain enforceable in accordance with their terms. 
 The parties further declare and covenant that the Senior Trust Estate will be held and
distributed by the Collateral Agent subject to the further agreements herein. 
 SECTION 2.2 Declaration of Junior
Trust. 
 To secure the payment of the Junior Lien Obligations and in consideration of the premises and the mutual agreements set forth
herein, each of the Grantors hereby confirms the grant to the Collateral Agent, and the Collateral Agent hereby accepts and agrees to hold, in trust under this Agreement for the benefit of all current and future Junior Lien Secured Parties, all of
such Grantor’s right, title and interest in, to and under all Collateral now or hereafter granted to the Collateral Agent under any Junior Lien Security Document (in its capacity as collateral trustee, trustee, collateral agent or similar
capacity under such Junior Lien Security Document) for the benefit of the Junior Lien Secured Parties, together with all of the Collateral Agent’s right, title and interest in, to and under the Junior Lien Security Documents, and all interests,
rights, powers and remedies of the Collateral Agent thereunder or in respect thereof and all cash and non-cash proceeds thereof (collectively, the “Junior Trust
Estate,” and together with the Senior Trust Estate, the “Trust Estates”). 

The Collateral Agent and its permitted successors and assigns under this Agreement will hold the Junior Trust Estate in trust for the benefit
solely and exclusively of all current and future Junior Lien Secured Parties as security for the payment of all present and future Junior Lien Obligations. 

Notwithstanding the foregoing, if at any time: 

(1) all Liens securing the Junior Lien Obligations have been released as provided in Section 4.1; 

(2) the Collateral Agent holds no other property in trust as part of the Junior Trust Estate; 

(3) no monetary obligation (other than any obligations for taxes, costs, indemnifications, reimbursements, damages and other
liabilities in respect of which no claim or demand for payment has been made at such time) is outstanding and payable under this Agreement to the Collateral Agent or any of its co-trustees or agents (whether
in an individual or representative capacity); and 

  
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 (4) the Issuers deliver to the Collateral Agent an Officer’s
Certificate stating that all Junior Liens of the Collateral Agent have been released in compliance with all applicable provisions of the Junior Lien Documents and that the Grantors are not required by any Junior Lien Document to grant any Junior
Lien upon any property, 
 then the Junior Trust Estate will terminate, except that all provisions set forth in Sections 7.11 and 7.12 that are
enforceable by the Collateral Agent or any of its co-trustees or agents (whether in an individual or representative capacity) will remain enforceable in accordance with their terms. 

The parties further declare and covenant that the Junior Trust Estate will be held and distributed by the Collateral Agent subject to the
further agreements herein. 
 SECTION 2.3 Priority of Liens Between Classes. 

Notwithstanding anything else contained herein or in any other Security Document, and notwithstanding the date, time, method, manner or order of grant,
attachment or perfection of any Liens securing the Junior Lien Obligations granted on the Collateral or of any Liens securing the Priority Lien Obligations granted on the Collateral and notwithstanding any provision of the UCC, the time of
incurrence of any Series of Priority Lien Debt or Series of Junior Lien Debt or the time of incurrence of any other Priority Lien Obligation or Junior Lien Obligation or any other applicable law or any defect or deficiencies in, or failure to
perfect or lapse in perfection of, or avoidance as a fraudulent conveyance or otherwise of, the Liens securing the Priority Lien Obligations, the subordination of such Liens to any other Liens, or any other circumstance whatsoever, whether or not
any Insolvency or Liquidation Proceeding has been commenced against the Issuers or any other Grantor, it is the intent of the parties that, and the parties hereto agree for themselves and the Junior Lien Secured Parties and Priority Lien Secured
Parties represented by them that: 
 (1) this Agreement and the other Security Documents create two separate and distinct
Trust Estates and Liens: (i) the Senior Trust Estate and Priority Lien securing the payment and performance of the Priority Lien Obligations and (ii) the Junior Trust Estate and Junior Lien securing the payment and performance of the
Junior Lien Obligations; and 
 (2) any Liens on Collateral securing the Junior Lien Obligations now or hereafter held by the
Collateral Agent for the benefit of the Junior Lien Secured Parties or held by any Junior Lien Secured Party, in each case, whether by grant, possession, statute, operation of law, subrogation or otherwise, are subject and subordinate to any Liens
on Collateral securing the Priority Lien Obligations. 
 For the avoidance of doubt, in the event that any Junior Lien Secured Party becomes
a judgment lien creditor as a result of its enforcement of its rights as an unsecured creditor, such judgment lien shall be subject to the terms of this Agreement for all purposes hereof (including the priority of Liens). 

  
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 SECTION 2.4 Restrictions on Enforcement of Junior
Liens; Prohibition on Contesting Liens. 
 (a) Until the Discharge of Priority Lien Obligations, whether or not any Insolvency or
Liquidation Proceeding has been commenced by or against the Issuers or any other Grantor, the Priority Lien Secured Parties will have, subject to the exceptions set forth below in clauses (1) through (6), the exclusive right to authorize and
direct the Collateral Agent with respect to each of the Priority Lien Security Documents and the Junior Lien Security Documents and the Collateral including, without limitation, the exclusive right to authorize or direct the Collateral Agent to
enforce, collect or realize on any Collateral or exercise any other right or remedy with respect to the Collateral (including, without limitation, the exercise of any right of setoff or any right under any lockbox agreement, account control
agreement, landlord waiver or bailee’s letter or similar agreement or arrangement) subject to the Crossing Lien Intercreditor Agreement, and no Junior Lien Representative or Junior Lien Secured Party may authorize or direct the Collateral Agent
with respect to such matters; provided, however, that, subject to the Crossing Lien Intercreditor Agreement, the Required Junior Lien Debtholders (or any Junior Lien Representative representing such Required Junior Lien
Debtholders) may so direct the Collateral Agent with respect to the enforcement of Junior Lien Security Documents and rights and remedies against the Collateral thereunder after 180 days has elapsed since the later of: (i) the date on which any
Junior Lien Representative has declared the existence of any Event of Default under (and as defined in) any Junior Lien Document and demanded the repayment of all the principal amount of all Junior Lien Obligations thereunder; and (ii) the date
on which the Collateral Agent and each Priority Lien Representative has received notice from such Junior Lien Representative of such declarations of an Event of Default under (and as defined in) any Junior Lien Document, (the “Standstill
Period”); provided further that notwithstanding anything herein to the contrary, in no event shall any Junior Lien Debtholder or Junior Lien Representative so authorize or direct the Collateral Agent if, notwithstanding the
expiration of the Standstill Period, the Priority Lien Secured Parties or a Priority Lien Representative shall have caused the Collateral Agent to commence and diligently pursue the exercise of rights and remedies with respect to all or any material
portion of the Collateral. Notwithstanding the foregoing, the Required Junior Lien Debtholders (or the Junior Lien Representatives representing the Required Junior Lien Debtholders) may direct the Collateral Agent or any Junior Lien Representative,
as applicable, but subject to and except as otherwise provided in the Crossing Lien Intercreditor Agreement. 
 (1) without
any condition or restriction whatsoever, at any time after the Discharge of Priority Lien Obligations; 
 (2) as necessary to
redeem any Collateral in a creditor’s redemption permitted by law or to deliver any notice or demand necessary to enforce (subject to the prior Discharge of Priority Lien Obligations) any right to claim, take or receive proceeds of Collateral
remaining after the Discharge of Priority Lien Obligations in the event of foreclosure or other enforcement of any Lien (other than Liens in favor of the Collateral Agent or a Priority Lien Secured Party); 

  
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 (3) as necessary to perfect or establish the priority (subject to Priority
Liens) of the Junior Liens upon any Collateral, except that the Junior Lien Secured Parties may not require the Collateral Agent to take any action to perfect any Lien on any Collateral through possession or control other than the Collateral Agent
taking any action for possession or control required by the Priority Lien Secured Parties and the Collateral Agent agreeing pursuant to Section 7.4 that the Collateral Agent as agent for the benefit of the Priority Lien Secured Parties agrees
to act as bailee and/or agent for the Collateral Agent for the benefit of the Junior Lien Secured Parties as specified in Section 7.4; 

(4) as necessary to create, prove, preserve or protect (but not enforce) the Junior Liens upon any Collateral; 

(5) file any necessary responsive or defensive pleadings in opposition to any motion, claim, adversary proceeding or other
pleading made by any person objecting to or otherwise seeking the disallowance of the claims of the Junior Lien Secured Parties, including any claims secured by the Collateral, if any, in each case in a manner not inconsistent with the terms of this
Agreement; or 
 (6) vote on any plan of reorganization, arrangement, compromise or liquidation, file any proof of claim,
make other filings and make any arguments and motions that are, in each case, in a manner not inconsistent with the terms of this Agreement, with respect to the Junior Lien Obligations and the Collateral; provided that no filing of any claim
or vote, or pleading related to such claim or vote, to accept or reject a disclosure statement, plan of reorganization, arrangement, compromise or liquidation, or any other document, agreement or proposal similar to the foregoing by the Collateral
Agent (on behalf of the Junior Lien Secured Parties) or the Junior Lien Representative may be inconsistent with the provisions of this Agreement; 

(b) Until the Discharge of Priority Lien Obligations, whether or not any Insolvency or Liquidation Proceeding has been commenced by or against
the Issuers or any other Grantor, none of the Junior Lien Secured Parties, the Collateral Agent (unless acting pursuant to an Act of Required Secured Parties) or any Junior Lien Representative will: 

(1) request judicial relief, in an Insolvency or Liquidation Proceeding or in any other court, or take any other action, that
would hinder, delay, limit or prohibit the lawful exercise or enforcement of any right or remedy otherwise available to the Priority Lien Secured Parties in respect of the Priority Liens or that would limit, invalidate, avoid or set aside any
Priority Lien or subordinate the Priority Liens to the Junior Liens or grant the Junior Liens equal ranking to the Priority Liens; 

(2) oppose or otherwise contest any motion for relief from the automatic stay or for any injunction against foreclosure or
enforcement of Priority Liens made by any Priority Lien Secured Party or any Priority Lien Representative in any Insolvency or Liquidation Proceeding; 

(3) oppose or otherwise contest any lawful exercise by any Priority Lien Secured Party or any Priority Lien Representative of
the right to credit bid Priority Lien Debt at any sale of Collateral in foreclosure of Priority Liens; 

  
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 (4) oppose or otherwise contest any other request for judicial relief made
in any court by any holder of Priority Lien Obligations or any Priority Lien Representative relating to the lawful enforcement of any Priority Lien; 

(5) contest, protest or object to any foreclosure proceeding or action brought by the Collateral Agent, any Priority Lien
Representative or any Priority Lien Secured Party or any other exercise by the Collateral Agent, any Priority Lien Representative or any Priority Lien Secured Party of any rights and remedies relating to the Collateral under the Priority Lien
Documents or otherwise and each Junior Lien Representative on behalf of itself and each Junior Lien Secured Party hereby waives any and all rights it may have to object to the time or manner in which the Collateral Agent, any Priority Lien
Representative or any Priority Lien Secured Party seeks to enforce the Priority Lien Obligations or the Priority Liens; 

(6) contest or support any other Person in contesting, in any proceeding (including any Insolvency or Liquidation Proceeding)
the validity, enforceability, perfection, priority or extent of the Priority Liens or the amount, nature or extent of the Priority Lien Debt Obligations; or 

(7) object to the forbearance by the Collateral Agent from bringing or pursuing any foreclosure proceeding or action or any
other exercise of any rights or remedies relating to the Collateral. 
 Except as specifically set forth in this Agreement, both before and during an
Insolvency or Liquidation Proceeding, the Junior Lien Secured Parties and the Junior Lien Representatives may take any actions and exercise any and all rights that would be available to a holder of unsecured claims that are not inconsistent with
this Agreement. 
 (c) At any time prior to the Discharge of Priority Lien Obligations and after (1) the commencement of any Insolvency
or Liquidation Proceeding in respect of the Issuers or any other Grantor or (2) the Collateral Agent and each Junior Lien Representative have received written notice from any Priority Lien Representative at the direction of an Act of Required
Secured Parties stating that (A) any Series of Priority Lien Debt has become due and payable in full (whether at maturity, upon acceleration or otherwise) or (B) the holders of Priority Liens securing one or more Series of Priority Lien
Debt have become entitled under any Priority Lien Documents to and intend to enforce any or all of the Priority Liens by reason of an event of default under such Priority Lien Documents, no payment of money (or the equivalent of money) shall be made
from the proceeds of Collateral by the Issuers or any other Grantor to the Trustee, the Collateral Agent (other than payments to the Collateral Agent for the benefit of the Priority Lien Secured Parties subject to the Crossing Lien Intercreditor
Agreement) or any Junior Lien Secured Party (including, without limitation, payments and prepayments made for application to Junior Lien Obligations and all other payments and deposits made pursuant to any provision of any Junior Lien Document).

  
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 (d) Subject to the Crossing Lien Intercreditor Agreement, all proceeds of Collateral
received by the Collateral Agent, any Junior Lien Representative or any Junior Lien Secured Party in violation of Section 2.4(b) or 2.4(c) will be held by the Collateral Agent, the applicable Junior Lien Representative or the applicable Junior
Lien Secured Party in trust for the account of the Priority Lien Secured Parties and remitted to the Collateral Agent upon demand by the Collateral Agent or any Priority Lien Representative for application in accordance with Section 3.4 hereof.
The Junior Liens will remain attached to and enforceable against all proceeds so held or remitted until so applied to satisfy the Priority Lien Obligations. 

SECTION 2.5 Waiver of Right of Marshaling. 

(a) Prior to the Discharge of Priority Lien Obligations, Junior Lien Secured Parties, each Junior Lien Representative and the Collateral Agent
may not assert or enforce any marshaling, appraisal, valuation or other similar right accorded to a junior lienholder, as against the Priority Lien Secured Parties or the Priority Lien Representatives (in their capacity as priority lienholders).

 (b) Following the Discharge of Priority Lien Obligations, the Junior Lien Secured Parties and any Junior Lien Representative may assert
their rights under the UCC or otherwise to any proceeds remaining following a sale or other disposition of Collateral by, or on behalf of, the Priority Lien Secured Parties. 

SECTION 2.6 Discretion in Enforcement of Priority Liens. 

(a) In exercising rights and remedies with respect to the Collateral, at any time prior to a Discharge of Priority Lien Obligations the
Priority Lien Secured Parties and the Priority Lien Representatives shall have the exclusive right to enforce (or refrain from enforcing) the provisions of the Priority Lien Documents and exercise (or refrain from exercising) remedies thereunder or
any such rights and remedies, all in such order and in such manner as they may determine in the exercise of their sole and exclusive discretion (without limiting clauses (1) through (6) under Section 2.4(a)), but subject to the Crossing
Lien Intercreditor Agreement, including: 
 (1) the exercise or forbearance from exercise of all rights and remedies in
respect of the Collateral and/or the Priority Lien Obligations; 
 (2) the enforcement or forbearance from enforcement of any
Priority Lien in respect of the Collateral; 
 (3) the exercise or forbearance from exercise of rights and powers of a holder
of shares of stock included in the Senior Trust Estate to the extent provided in the Priority Lien Security Documents; 

(4) the acceptance of the Collateral in full or partial satisfaction of the Priority Lien Obligations; and 

(5) the exercise or forbearance from exercise of all rights and remedies of a secured lender under the UCC or any similar law
of any applicable jurisdiction or in equity. 

  
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 SECTION 2.7 Amendments to Priority Lien Documents and Discretion in
Enforcement of Priority Lien Obligations. 
 (a) Without in any way limiting the generality of Section 2.6 and except as
otherwise provided in the Crossing Lien Intercreditor Agreement, the Priority Lien Secured Parties and the Priority Lien Representatives may, at any time and from time to time, without the consent of or notice to the Junior Lien Secured Parties or
the Junior Lien Representatives, without incurring responsibility to the Junior Lien Secured Parties or the Junior Lien Representatives and without impairing or releasing the subordination provided in this Agreement or the obligations hereunder of
the Junior Lien Secured Parties and the Junior Lien Representatives, do any one or more of the following: 
 (1) change the
manner, place or terms of payment or extend the time of payment of, or renew or alter, the Priority Lien Obligations, or otherwise amend or supplement in any manner the Priority Lien Obligations, or any instrument evidencing the Priority Lien
Obligations or any agreement under which the Priority Lien Obligations are outstanding including, without limitation, increasing the principal amount thereof and/or any applicable margin or similar component of interest rate; 

(2) subject to the Crossing Lien Intercreditor Agreement, release any Person or entity liable in any manner for the collection
of the Priority Lien Obligations; 
 (3) subject to the Crossing Lien Intercreditor Agreement, release the Priority Lien on
any Collateral; and 
 (4) subject to the Crossing Lien Intercreditor Agreement, exercise or refrain from exercising any
rights against any Grantor with respect to the Collateral. 
 SECTION 2.8 Insolvency or Liquidation Proceedings. 

(a) If in any Insolvency or Liquidation Proceeding and prior to the Discharge of Priority Lien Obligations, the Priority Lien Secured Parties
by an Act of Required Secured Parties shall desire to permit the use of “Cash Collateral” (as such term is defined in Section 363(a) of the Bankruptcy Code), or to permit the Issuers or any other Grantor to obtain financing, whether
from the Priority Lien Secured Parties or any other Person under Section 364 of the Bankruptcy Code or any similar Bankruptcy Law (“DIP Financing”) then each of the Collateral Agent (on behalf of the Junior Lien Secured
Parties) and each Junior Lien Representative for itself and on behalf of the other Junior Lien Secured Parties represented by it, agrees that it will raise no objection to such Cash Collateral use or DIP Financing (including any proposed orders for
such Cash Collateral use and/or DIP Financing which are acceptable to the Priority Lien Secured Parties) and to the extent that the Liens securing the Priority Lien Obligations are subordinated to or pari passu with the Liens securing such DIP
Financing, the Collateral Agent will subordinate its Junior Liens in the Collateral to the Liens securing such DIP Financing (and all Obligations relating thereto) and will not request adequate protection or any other relief in connection therewith
(except, as expressly agreed by the Priority Lien Secured Parties or to the extent permitted by Section 2.8(d)). No Junior Lien Secured Party may provide DIP Financing to any Issuer or other Grantor secured by Liens equal or senior in priority
to the Liens securing 

  
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any Priority Lien Obligations; provided that if no Priority Lien Secured Party offers to provide DIP Financing to the extent permitted under this Section 2.8(a) on or before the date
of the hearing to approve DIP Financing, then a Junior Lien Secured Party may seek to provide such DIP Financing secured by Liens equal or senior in priority to the Liens securing any Priority Lien Obligations, and the Priority Lien Secured Parties
may object thereto. Each of the Collateral Agent (on behalf of the Junior Lien Secured Parties) and each Junior Lien Representative on behalf of itself and the Junior Lien Secured Parties represented by it agree that each of them will not seek
consultation rights in connection with, and will raise no objection or oppose, a motion to sell, liquidate or otherwise dispose of Collateral under Section 363 of the Bankruptcy Code if the requisite Priority Lien Secured Parties have consented
to such sale, liquidation or other disposition. Each of the Collateral Agent (on behalf of the Junior Lien Secured Parties) and each Junior Lien Representative on behalf of itself and the Junior Lien Secured Parties represented by it further agrees
that it will not directly or indirectly oppose or impede entry of any order in connection with such sale, liquidation or other disposition (including orders to retain professionals or set bid procedures in connection with such sale, liquidation or
disposition) if the requisite Priority Lien Secured Parties have consented to such sale, liquidation or disposition or such retention or bid procedures order in connection with such sale, liquidation or disposition, in which event the Junior Lien
Secured Parties will be deemed to have consented to such sale, liquidation or disposition pursuant to Section 363(f) of the Bankruptcy Code, provided that such motion does not impair the rights of the Junior Lien Secured Parties under
Section 363(k) of the Bankruptcy Code. 
 (b) Until the Discharge of Priority Lien Obligations has occurred, the Collateral Agent (on
behalf of the Junior Lien Secured Parties) and each Junior Lien Representatives, for itself and on behalf of the other Junior Lien Secured Party represented by it, agrees that none of them shall: (i) seek (or support any other Person seeking)
relief from the automatic stay or any other stay in any Insolvency or Liquidation Proceeding in respect of the Collateral, without the prior written consent of the Priority Lien Secured Parties, unless a motion for adequate protection permitted
under Section 2.8(d) has been denied by a bankruptcy court or (ii) oppose (or support any other Person in opposing) any request by the Priority Lien Secured Parties for relief from such stay. 

(c) If, in any Insolvency or Liquidation Proceeding, debt obligations of any reorganized debtor secured by Liens upon any property of such
reorganized debtor are distributed pursuant to a plan of reorganization or similar dispositive restructuring plan, both on account of Priority Lien Obligations and on account of Junior Lien Obligations, then, to the extent that the debt obligations
distributed on account of the Priority Lien Obligations and on account of the Junior Lien 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. 
 (d) The Collateral Agent (on behalf of the Junior
Lien Secured Parties) and each Junior Lien Representative, for itself and on behalf of the other Junior Lien Secured Parties represented by it, each agrees that none of them shall contest (or support any other Person contesting): (1) any request by
the Priority Lien Representatives or the Priority Lien Secured Parties for adequate protection under any Bankruptcy Law; or (2) any objection by the Priority Lien Representatives or the Priority Lien Secured Parties to any motion, relief,
action or 

  
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proceeding based on the Priority Lien Secured Parties claiming a lack of adequate protection. Notwithstanding the foregoing provisions in this Section 2.8(d), in any Insolvency or
Liquidation Proceeding: (1) if the Priority Lien Secured Parties (or any subset thereof) are granted adequate protection in the form of additional collateral in connection with any Cash Collateral use or DIP Financing, then the Collateral Agent
(on behalf of the Junior Lien Secured Parties) or Junior Lien Representative, on behalf of itself or any of the other Junior Lien Secured Parties represented by it, may seek or request adequate protection in the form of a Lien on such additional
collateral, which Lien will be subordinated to the Liens securing the Priority Lien Obligations and such Cash Collateral use or DIP Financing (and all Obligations relating thereto) on the same basis as the other Liens securing the Junior Lien
Obligations are so subordinated to the Priority Lien Obligations under this Agreement; and (2) each of the Collateral Agent, the Junior Lien Representatives and the Junior Lien Secured Parties shall only be permitted to seek adequate protection
with respect to their rights in the Collateral in any Insolvency or Liquidation Proceeding in the form of (A) additional collateral; provided that as adequate protection for the Priority Lien Obligations, the Collateral Agent, on behalf
of the Priority Lien Secured Parties, is also granted a senior Lien on such additional collateral; (B) replacement Liens on the Collateral; provided that as adequate protection for the Priority Lien Obligations, the Collateral Agent, on
behalf of the Priority Lien Secured Parties, is also granted senior replacement Liens on the Collateral; (C) an administrative expense claim; provided that as adequate protection for the Priority Lien Obligations, the Collateral Agent,
on behalf of the Priority Lien Secured Parties, is also granted an administrative expense claim which is senior and prior to the administrative expense claim of the Collateral Agent (on behalf of the Junior Lien Secured Parties) and each Junior Lien
Representative on behalf of the Junior Lien Secured Parties represented by it; and (D) cash payments with respect to interest on the Junior Lien Obligations; provided that (1) as adequate protection for the Priority Lien
Obligations, the Collateral Agent, on behalf of the Priority Lien Secured Parties, is also granted cash payments with respect to interest on the Priority Lien Obligations, and (2) such cash payments do not exceed an amount equal to the interest
accruing on the principal amount of Junior Lien Obligations outstanding on the date such relief is granted at the interest rate under the Junior Lien Documents and accruing from the date the Collateral Agent (on behalf of the Junior Lien Secured
Parties) or the Junior Lien Representatives on behalf of the Junior Lien Secured Parties represented by them is granted such relief. If any Junior Lien Secured Party receives post-petition interest and/or adequate protection payments in an
Insolvency or Liquidation Proceeding (“Junior Lien Adequate Protection Payments”), and the Priority Lien Secured Parties do not receive payment in full in cash of all Priority Lien Obligations (subject, in the case of
principal outstanding under the Priority Lien Documents and face amounts of letters of credit) upon the effectiveness of the plan of reorganization or other dispositive restructuring plan for, or conclusion of, that Insolvency or Liquidation
Proceeding, then, each Junior Lien Secured Party shall pay over to the Collateral Agent for the benefit of the Priority Lien Secured Party an amount (the “Pay-Over Amount”) equal to the
lesser of (i) the Junior Lien Adequate Protection Payments received by such Junior Lien Secured Parties and (ii) the amount of the short-fall (the “Short Fall”) in payment in full of the Priority Lien Obligations
(subject, in the case of principal outstanding under the Priority Lien Documents and face amounts of letters of credit); provided that to the extent any portion of the Short Fall represents payments received by the Priority Lien Secured
Parties in the form of promissory notes, equity or other property, equal in value to the cash paid in respect of the Pay-Over Amount, the Priority Lien Secured Parties shall, upon receipt of the Pay-Over Amount, 

  
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transfer those promissory notes, equity or other property, pro rata, equal in value to the cash paid in respect of the Pay-Over Amount to the applicable
Junior Lien Secured Parties in exchange for the Pay-Over Amount. Notwithstanding anything herein to the contrary, the Priority Lien Secured Parties shall not be deemed to have consented to, and expressly
retain their rights to object to the grant of adequate protection in the form of cash payments to the Junior Lien Secured Parties made pursuant to this Section 2.8(d). 

(e) Nothing contained herein shall prohibit or in any way limit the Priority Lien Representative or any Priority Lien Secured Party from
objecting in any Insolvency or Liquidation Proceeding or otherwise to any action taken by the Collateral Agent (on behalf of the Junior Lien Secured Parties), the Junior Lien Representative or any of the other Junior Lien Secured Parties, including
the seeking by the Collateral Agent (on behalf of the Junior Lien Secured Parties), the Junior Lien Representative or any of the other Junior Lien Secured Parties of adequate protection or the asserting by the Collateral Agent (on behalf of the
Junior Lien Secured Parties), the Junior Lien Representative or any of the other Junior Lien Secured Parties of any of its rights and remedies under the Junior Lien Documents or otherwise. 

(f) If any Priority Lien Secured Party is required in any Insolvency or Liquidation Proceeding or otherwise to turn over or otherwise pay to
the estate of the Issuers or any other Grantor any amount paid in respect of Priority Lien Obligations (a “Recovery”), then such Priority Lien Secured Party shall be entitled to a reinstatement of
Priority Lien Obligations with respect to all such recovered amounts on the date of such Recovery, and from and after the date of such reinstatement the Discharge of Priority Lien Obligations shall be deemed not to have occurred for all purposes
hereunder. If this Agreement shall have been terminated prior to such 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 from such date of reinstatement. 
 (g) The Collateral Agent (on behalf of the Junior Lien Secured Parties)
and each Junior Lien Representative, for itself and on behalf of the Junior Lien Secured Parties, and the Collateral Agent (on behalf of the Priority Lien Secured Parties) and each Priority Lien Representative for itself and on behalf of the
Priority Lien Secured Parties for whom it acts as representative, acknowledges and agrees that: 
 (1) the grants of Liens
pursuant to the Priority Lien Security Documents and the Junior Lien Security Documents constitute two separate and distinct grants of Liens; and 

(2) because of, among other things, their differing rights in the Collateral, the Junior Lien Obligations are fundamentally
different from the Priority Lien Obligations and must be separately classified in any plan of reorganization or other dispositive restructuring plan proposed or adopted in an Insolvency or Liquidation Proceeding. 

  
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 To further effectuate the intent of the parties as provided in the immediately preceding sentence, if it is
held that the claims of the Priority Lien Secured Parties and the Junior Lien Secured Parties in respect of the Collateral constitute only one secured claim (rather than separate classes of senior and junior secured claims), then each of the parties
hereto hereby acknowledges and agrees that, subject to the provisions of the Crossing Lien Intercreditor Agreement, all distributions shall be made as if there were separate classes of senior and junior secured claims against the Grantors in respect
of the Collateral (with the effect being that, to the extent that the aggregate value of the Collateral is sufficient (for this purpose ignoring all claims held by the Junior Lien Secured Parties), the Priority Lien Secured Parties 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 (or that would be owing if there were such separate classes of senior
and junior secured claims) in respect of Post-Petition Interest, including any additional interest payable pursuant to the Priority Lien Documents, arising from or related to a default, which is disallowed as a claim in any Insolvency or Liquidation
Proceeding) before any distribution is made in respect of the claims held by the Junior Lien Secured Parties with respect to the Collateral, with the Collateral Agent (on behalf of the Junior Lien Secured Parties) or each Junior Lien Representative,
as applicable, for itself and on behalf of the Junior Lien Secured Parties for whom it acts as representative, subject to the obligations of the Collateral Agent or each such Junior Lien Representative under the Crossing Lien Intercreditor
Agreement, hereby acknowledging and agreeing to turn over to the Priority Lien Secured Parties, Collateral or proceeds of Collateral 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 claim or recovery of the Junior Lien Secured Parties. 
 (h) The parties to this Agreement
acknowledge that this Agreement is a “subordination agreement” under Section 510(a) of the Bankruptcy Code, which will be effective before, during and after the commencement of an Insolvency or Liquidation Proceeding. All references
in this Agreement to any Grantor will include such Person as a debtor-in-possession and any receiver or trustee for such Person in an Insolvency or Liquidation
Proceeding. 
 SECTION 2.9 Collateral Shared Equally and Ratably within Class. 

The parties to this Agreement agree that the payment and satisfaction of all of the Secured Obligations within each Class will be secured
equally and ratably by the Liens established in favor of the Collateral Agent for the benefit of the Secured Parties belonging to such Class, notwithstanding the time of incurrence of any Secured Obligations within such Class or the date, time,
method or order of grant, attachment or perfection of any Liens securing such Secured Obligations within such Class and notwithstanding any provision of the UCC, the time of incurrence of any Series of Priority Lien Debt or Series of Junior
Lien Debt or the time of incurrence of any other Priority Lien Obligation or Junior Lien Obligation, or any other applicable law or any defect or deficiencies in, or failure to perfect or lapse in perfection of, or avoidance as a fraudulent
conveyance or otherwise of, the Liens securing the Priority Lien Obligations or the Junior Lien Obligations, the subordination of such Liens to any other Liens, or any other circumstance whatsoever, whether or not any Insolvency or Liquidation
Proceeding has been commenced against the Issuers or any other Grantor, it is the intent of the parties that, and the parties hereto agree for themselves and the Junior Lien Secured Parties and Priority Lien Secured Parties represented by them that:

  
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 (1) all Junior Lien Obligations will be and are secured equally and ratably
by all Junior Liens at any time granted by the Issuers or any other Grantor to secure any Obligations in respect of any Series of Junior Lien Debt, whether or not upon property otherwise constituting collateral for such Series of Junior Lien Debt,
and that all such Junior Liens will be enforceable by the Collateral Agent for the benefit of all Junior Lien Secured Parties equally and ratably; provided, however, that notwithstanding the foregoing, (x) this provision will not
be violated with respect to any particular Collateral and any particular Series of Junior Lien Debt if the Secured Debt Documents in respect thereof prohibit the applicable Junior Lien Representative from accepting the benefit of a Lien on any
particular asset or property or such Junior Lien Representative otherwise expressly declines in writing to accept the benefit of a Lien on such asset or property and (y) this provision will not be violated with respect to any particular Hedging
Obligations or Bank Product Obligations if the applicable Hedge Agreement or Bank Product Agreement prohibits the applicable Hedge Provider or Bank Product Provider from accepting the benefit of a Lien on any particular asset or property or such
Hedge Provider or Bank Product Provider otherwise expressly declines in writing to accept the benefit of a Lien on such asset or property; and 

(2) all Priority Lien Obligations will be and are secured equally and ratably by all Priority Liens at any time granted by the
Issuers or any other Grantor to secure any Obligations in respect of any Series of Priority Lien Debt, whether or not upon property otherwise constituting collateral for such Series of Priority Lien Debt, and that all such Priority Liens will be
enforceable by the Collateral Agent for the benefit of all Priority Lien Secured Parties equally and ratably, provided, however, that notwithstanding the foregoing, (x) this provision will not be violated with respect to any
particular Collateral and any particular Series of Priority Lien Debt if the Secured Debt Documents in respect thereof prohibit the applicable Priority Lien Representative from accepting the benefit of a Lien on any particular asset or property or
such Priority Lien Representative otherwise expressly declines in writing to accept the benefit of a Lien on such asset or property and (y) this provision will not be violated with respect to any particular Hedging Obligations or Bank Product
Obligations if the applicable Hedge Agreement or Bank Product Agreement prohibits the applicable Hedge Provider or Bank Product Provider from accepting the benefit of a Lien on any particular asset or property or such Hedge Provider or Bank Product
Provider otherwise expressly declines in writing to accept the benefit of a Lien on such asset or property; 
 It is understood and agreed
that nothing in this Section 2.9 is intended to alter the priorities among Secured Parties belonging to different Classes as provided in Section 2.3 or in the Crossing Lien Intercreditor Agreement. 

SECTION 2.10 No New Liens. 

So long as the Discharge of Priority Lien Obligations has not occurred, whether or not any Insolvency or Liquidation Proceeding has been
commenced by or against an Issuer or any other Grantor, the parties hereto agree that the Issuers will not, and will not permit any other Grantor to: 

  
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 (a) grant or permit any additional Liens on any asset or property to secure any Junior Lien
Obligation unless it has granted or concurrently grants a Priority Lien on such asset or property to secure all of the Priority Lien Obligations, the parties hereto agreeing that any such Lien shall be subject to Section 2.3 hereof; provided
that notwithstanding anything in this Agreement to the contrary, cash and cash equivalents may be pledged to secure Priority Lien Obligations or Junior Lien Obligations, as applicable, consisting of reimbursement obligations in respect of
letters of credit pursuant to the Priority Lien Documents or Junior Lien Documents, as applicable, without granting a Lien thereon to secure any Junior Lien Obligations or Priority Lien Obligations, as applicable; or 

(b) grant or permit any additional Liens on any asset or property to secure any Priority Lien Obligations unless it has granted or concurrently
grants a Junior Lien on such asset or property to secure all of the Junior Lien Obligations; provided that this provision will not be violated if the Collateral Agent is given a reasonable opportunity to accept a Lien on any asset or property
for the benefit of the Junior Lien Secured Parties and the Collateral Agent states in writing that the Junior Lien Documents prohibit the Collateral Agent from accepting a Lien on such asset or property or the applicable Junior Lien Representative
otherwise expressly declines to accept a Lien on such asset or property. 
 To the extent that the foregoing provisions are not complied
with for any reason, without limiting any other rights and remedies available to the Priority Lien Secured Parties, the Collateral Agent, on behalf of the Junior Lien Secured Parties, agrees that any amounts received by or distributed to it pursuant
to or as a result of Liens granted in contravention of this Section 2.10 shall be subject to Section 3.4. 
 Notwithstanding the
foregoing or Section 2.11, any Grantor may grant or permit Liens on cash or cash equivalents to the issuers of letters of credit (and/or any lenders participating in the facilities under which such letters of credit are issued) to satisfy
requirements set forth in the reimbursement agreement for such letters of credit or the related facilities with respect to the cash collateralization of such letters of credit without granting a Lien on such cash or cash equivalents to secure any
other Secured Obligation. 
 SECTION 2.11 Similar Liens and Agreements. 

The parties hereto agree that, except as provided in Section 2.10, it is their intention that the Collateral for the Priority Lien
Obligations and the Collateral for the Junior Lien Obligations be identical. In furtherance of the foregoing, the parties hereto agree, subject to the other provisions of this Agreement, that the Security Documents creating or evidencing the
Priority Liens and the Junior Liens, will be in all material respects the same forms of documents other than as is necessary or appropriate to reflect the first lien and second lien nature of the Obligations thereunder. 

In addition, the Grantors agree that each mortgage securing any Junior Lien on such property contain such other language as the Controlling
Representative may reasonably request to reflect the subordination of such mortgage to the mortgage securing any Priority Lien on such property. 

SECTION 2.12 Confirmation of Subordination in Junior Lien Security Documents. 

  
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 The Grantors agree that each Junior Lien Security Document shall include the following
language (or language to similar effect approved by the Controlling Representative): 
 “Notwithstanding anything herein to the
contrary, the lien and security interest granted to the Collateral Agent for the benefit of the [Junior Lien Secured Parties] pursuant to this Agreement and the exercise of any right or remedy by the Collateral Agent for the benefit of the [Junior
Lien Secured Parties] hereunder are subject to the provisions of the Collateral Agency Agreement, dated as of April 25, 2019 (as amended, restated, supplemented or otherwise modified from time to time, the “Collateral Agency
Agreement”), among Gogo Inc., a Delaware corporation, Gogo Intermediate Holdings LLC, a Delaware limited liability company, Gogo Finance Co. Inc., a Delaware corporation, the other Grantors from time to time party thereto, U.S. Bank
National Association, as Collateral Agent and certain other persons party or that may become party thereto from time to time (including the Secured Debt Representatives thereunder). In the event of any conflict between the terms of the Collateral
Agency Agreement and this Agreement, the terms of the Collateral Agency Agreement shall govern and control.” 
 ; provided, however, that if the
jurisdiction in which any such Junior Lien Security Document will be filed prohibits the inclusion of the language above or would prevent a document containing such language from being recorded, the applicable Junior Lien Representatives and the
Controlling Representative agree, prior to such Junior Lien Security Document being entered into, to negotiate in good faith replacement language stating that the lien and security interest granted under such Junior Lien Security Document is subject
to the provisions of this Agreement. 
 ARTICLE 3. OBLIGATIONS AND POWERS OF COLLATERAL AGENT 

SECTION 3.1 Appointment and Undertaking of the Collateral Agent. 

(a) Each Hedge Provider, each Bank Product Provider and each other Secured Party acting through its respective Secured Debt Representative
and/or by its acceptance of the benefits of the Security Documents hereby appoints the Collateral Agent to serve as collateral agent hereunder on the terms and conditions set forth herein and under the Crossing Lien Intercreditor Agreement on the
terms and conditions set forth therein. Subject to, and in accordance with, this Agreement and the provisions set forth in the Crossing Lien Intercreditor Agreement, the Collateral Agent will, as collateral agent, for the benefit solely and
exclusively of the present and future Secured Parties: 
 (1) accept, enter into, hold, maintain, administer and enforce all
Security Documents, including all Collateral subject thereto, and all Liens created thereunder, perform its obligations hereunder and under the Security Documents and protect, exercise and enforce the interests, rights, powers and remedies granted
or available to it under, pursuant to or in connection with the Security Documents; 

  
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 (2) take all lawful and commercially reasonable actions permitted under the
Security Documents that it may deem necessary or advisable to protect or preserve its interest in the Collateral subject thereto and such interests, rights, powers and remedies; 

(3) deliver and receive notices pursuant to this Agreement and the Security Documents; 

(4) sell, assign, collect, assemble, foreclose on, institute legal proceedings with respect to, or otherwise exercise or
enforce the rights and remedies of a secured party (including a mortgagee, trust deed beneficiary and insurance beneficiary or loss payee) with respect to the Collateral under the Security Documents and its other interests, rights, powers and
remedies; 
 (5) remit as provided in Section 3.4 all cash proceeds received by the Collateral Agent from the
collection, foreclosure or enforcement of its interest in the Collateral under the Security Documents or any of its other interests, rights, powers or remedies; 

(6) execute and deliver (i) amendments and supplements to the Security Documents as from time to time authorized pursuant
to Section 7.1 accompanied by an Officer’s Certificate to the effect that the amendment or supplement was permitted under Section 7.1 and (ii) acknowledgements of Collateral Agency Joinders delivered pursuant to Section 3.8,
3.9 or 7.21 hereof; and 
 (7) release any Lien granted to it by any Security Document upon any Collateral if and as required
by Section 3.2 or Article 4. 
 (b) Each party to this Agreement acknowledges and consents to the undertaking of the Collateral Agent
set forth in Section 3.1(a) and agrees to each of the other provisions of this Agreement applicable to the Collateral Agent. 
 (c)
Notwithstanding anything to the contrary contained in this Agreement, the Collateral Agent will not commence any exercise of remedies or any foreclosure actions or otherwise take any action or proceeding against any of the Collateral (other than
actions as necessary to prove, protect or preserve the Liens securing the Secured Obligations) unless and until it shall have been directed in writing by an Act of Required Secured Parties and then only in accordance with the provisions of this
Agreement. 
 (d) Notwithstanding anything to the contrary contained in this Agreement, act or decline to act in connection with any
enforcement of Liens as provided in Section 3.3 
 (e) Notwithstanding anything to the contrary contained in this Agreement, no Grantor
nor any of its Affiliates may serve as Collateral Agent. 

  
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 SECTION 3.2 Release or Subordination of Liens. 

The Collateral Agent will not release or subordinate any Lien of the Collateral Agent or consent to the release or subordination of any Lien
of the Collateral Agent, except: 
 (a) as directed by an Act of Required Secured Parties accompanied by an Officer’s Certificate to the
effect that the release or subordination was permitted by each applicable Secured Debt Document; 
 (b) as required by Article 4; 

(c) as ordered pursuant to applicable law under a final and nonappealable order or judgment of a court of competent jurisdiction; 

(d) for the subordination of the Junior Trust Estate and the Junior Liens to the Senior Trust Estate and the Priority Liens; or 

(e) as provided in the Crossing Lien Intercreditor Agreement. 

SECTION 3.3 Enforcement of Liens. 

If the Collateral Agent at any time receives written notice in accordance with the terms of this Agreement that any event has occurred that
constitutes an event of default under any Secured Debt Document entitling the Collateral Agent to foreclose upon, collect or otherwise enforce its Liens under the Security Documents, the Collateral Agent will promptly deliver written notice thereof
to each Secured Debt Representative. Thereafter, the Collateral Agent may await direction by an Act of Required Secured Parties and will act, or decline to act, as directed by an Act of Required Secured Parties, in the exercise and enforcement of
the Collateral Agent’s interests, rights, powers and remedies in respect of the Collateral or under the Security Documents or applicable law and, following the initiation of such exercise of remedies, the Collateral Agent will act, or decline
to act, with respect to the manner of such exercise of remedies as directed by an Act of Required Secured Parties; provided, however, that upon expiration of the Standstill Period, the Collateral Agent shall exercise or decline to
exercise enforcement rights, powers and remedies as directed by the Required Junior Lien Debtholders as provided in Section 2.4 hereof unless the Priority Lien Secured Parties or a Priority Lien Representative shall have caused the Collateral
Agent to commence and diligently pursue the exercise of rights and remedies with respect to all or any material portion of the Collateral. Unless it has been directed to the contrary by an Act of Required Secured Parties, the Collateral Agent in any
event may (but will not be obligated to) take or refrain from taking such action with respect to any default under any Secured Debt Document as it may deem advisable and in the best interest of the Secured Parties. 

SECTION 3.4 Application of Proceeds. 

(a) Subject to the provisions of the Crossing Lien Intercreditor Agreement, the Collateral Agent will apply the proceeds of any collection,
sale, foreclosure or other realization upon, or exercise of any right or remedy with respect to, any Collateral and the proceeds thereof and the proceeds of any insurance policy required under any Priority Lien Document or Junior Lien Document or
otherwise covering the Collateral in the following order of application: 

  
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 FIRST, to the payment of all amounts payable under this Agreement on account
of the Collateral Agent’s fees and any reasonable legal fees, costs and expenses or other liabilities of any kind incurred by the Collateral Agent or any co-trustee or agent of the Collateral Agent in
connection with any Security Document (including, but not limited to, indemnification obligations that are then due and payable); 

SECOND, to the respective Priority Lien Representatives, Hedge Providers and Bank Product Providers on a pro rata basis for
each Series of Priority Lien Debt, Hedging Obligations constituting Priority Lien Obligations and Bank Product Obligations constituting Priority Lien Obligations that are secured by such Collateral (or, where such Hedging Obligations or Bank Product
Obligations are represented by a Priority Lien Representative, to such Priority Lien Representative on their behalf) for application to the payment of all such outstanding Priority Lien Debt and any such other Priority Lien Obligations that are then
due and payable and so secured (for application in such order as may be provided in the Priority Lien Documents applicable to the respective Priority Lien Obligations) in an amount sufficient to pay in full in cash all outstanding Priority Lien Debt
and all other Priority Lien Obligations that are then due and payable (including all interest and fees accrued thereon after the commencement of any Insolvency or Liquidation Proceeding at the rate, including any applicable post-default rate,
specified in the Priority Lien Documents, even if such interest is not enforceable, allowable or allowed as a claim in such proceeding, and including the discharge or cash collateralization (at the lower of (1) 103% of the aggregate undrawn amount
and (2) the percentage of the aggregate undrawn amount required for release of Liens under the terms of the applicable Priority Lien Document) of all outstanding letters of credit constituting Priority Lien Debt); 

THIRD, to the respective Junior Lien Representatives, Hedge Providers and Bank Product Providers on a pro rata basis for each
Series of Junior Lien Debt, Hedging Obligations constituting Junior Lien Obligations and Bank Product Obligations constituting Junior Lien Obligations that are secured by such Collateral (or, where such Hedging Obligations or Bank Product
Obligations are represented by a Junior Lien Representative, to such Junior Lien Representative on their behalf) for application to the payment of all such outstanding Junior Lien Debt and any such other Junior Lien Obligations that are then due and
payable and so secured (for application in such order as may be provided in the Junior Lien Documents applicable to the respective Junior Lien Obligations) in an amount sufficient to pay in full in cash all outstanding Junior Lien Debt and all other
Junior Lien Obligations that are then due and payable (including all interest and fees accrued thereon after the commencement of any Insolvency or Liquidation Proceeding at the rate, including any applicable post-default rate, specified in the
Junior Lien Documents, even if such interest is not enforceable, allowable or allowed as a claim in such proceeding, and including the discharge or cash collateralization (at the lower of (1) 103% of the aggregate undrawn amount and (2) the
percentage of the aggregate undrawn amount required for release of Liens under the terms of the applicable Junior Lien Document) of all outstanding letters of credit constituting Junior Lien Debt); and 

  
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 FOURTH, any surplus remaining after the payment in full in cash of amounts
described in the preceding clauses will be paid to the Issuers or the applicable Grantor, as the case may be, its successors or assigns, or to such other Persons as may be entitled to such amounts under applicable law or as a court of competent
jurisdiction may direct. 
 Notwithstanding the foregoing, if any Series of Secured Debt has released its Lien on any Collateral as described below in
Section 4.4, then such Series of Secured Debt and any related Secured Obligations of that Series thereafter shall not be entitled to share in the proceeds of any Collateral so released by that Series. 

This Agreement constitutes a separate agreement in writing as contemplated by Section 3.4(c) THIRD and Section 3.4(e) SECOND of the Crossing Lien
Intercreditor Agreement. The parties hereto agree that any proceeds of Collateral to be allocated under such clauses of the Crossing Lien Intercreditor Agreement will be allocated in the order set forth above. 

(b) Subject to the provisions of the Crossing Lien Intercreditor Agreement, if any Junior Lien Representative or any Junior Lien Secured Party
collects or receives any proceeds of such foreclosure, collection or other enforcement, proceeds of any title insurance or other insurance and any proceeds subject to Liens that have been avoided or otherwise invalidated that should have been
applied to the payment of the Priority Lien Obligations in accordance with Section 3.4(a) above, whether after the commencement of an Insolvency or Liquidation Proceeding or otherwise, such Junior Lien Representative or such Junior Lien Secured
Party, as the case may be, will forthwith deliver the same to the Collateral Agent, for the account of the Priority Lien Secured Parties, to be applied in accordance with Section 3.4(a). Until so delivered, such proceeds shall be segregated and
will be held by that Junior Lien Representative or that Junior Lien Secured Party, as the case may be, for the benefit of the Priority Lien Secured Parties. 

(c) This Section 3.4 is intended for the benefit of, and will be enforceable as a third party beneficiary by, each present and future
holder of Secured Obligations, each present and future Secured Debt Representative and the Collateral Agent as holder of Priority Liens and Junior Liens. The Secured Debt Representative of each future Series of Secured Debt will be required to
deliver a Collateral Agency Joinder including a lien sharing and priority confirmation as provided in Section 3.8 at the time of incurrence of such Series of Secured Debt. 

(d) In connection with the application of proceeds pursuant to Section 3.4(a), except as otherwise directed by an Act of Required Secured
Parties, the Collateral Agent may sell any non-cash proceeds for cash prior to the application of the proceeds thereof. 

(e) In making the determinations and allocations in accordance with Section 3.4(a), the Collateral Agent may conclusively rely upon
information supplied by the relevant Priority Lien Representative, Hedge Provider and Bank Product Provider as to the amounts of unpaid principal and interest and other amounts outstanding with respect to its respective Priority Lien Debt and any
other Priority Lien Obligations, the amount of any “settlement amount” (or similar term) of any Hedge Agreements included in the Priority Lien Obligations and the aggregate amounts payable under any Bank Product Agreements included in the
Priority Lien Obligations and information supplied by the relevant Junior Lien Representative, Hedge Provider 

  
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and Bank Product Provider as to the amounts of unpaid principal and interest and other amounts outstanding with respect to its respective Junior Lien Debt and any other Junior Lien Obligations,
the amount of any “settlement amount” (or similar term) of any Hedge Agreements included in the Junior Lien Obligations and the aggregate amounts payable under any Bank Product Agreements included in the Junior Lien Obligations. In
calculating the amount of Secured Obligations owed to any Hedge Provider, the Secured Obligations owed to such Hedge Provider shall be determined by the relevant Hedge Provider in accordance with the terms of the relevant Hedge Agreement;
provided, that notwithstanding anything herein or in any other Secured Debt Document to the contrary, in the event that any such Hedge Agreement consists of more than one confirmation or trade or in the event that the relevant Hedge Provider
is a party to any other Hedge Agreement, solely for purposes of calculating the Secured Obligations owed to such Hedge Provider under this Agreement, such calculation shall setoff and net all Obligations owing to such Hedge Provider or owed by such
Hedge Provider under each such confirmation or trade and/or additional Hedge Agreement. In calculating the amount of Secured Obligations owed to any Bank Product Provider, the Secured Obligations owed to such Bank Product Provider shall be
determined by the relevant Bank Product Provider in accordance with the terms of the relevant Bank Product Agreement. 

SECTION 3.5 Powers of the Collateral Agent. 

(a) The Collateral Agent is irrevocably authorized and empowered to enter into and perform its obligations and protect, perfect, exercise and
enforce its interest, rights, powers and remedies under the Security Documents and applicable law and in equity and to act as set forth in this Article 3 or, subject to the other provisions of this Agreement, as requested in any lawful
directions given to it from time to time in respect of any matter by an Act of Required Secured Parties. 
 (b) No Secured Debt
Representative or Secured Party (other than the Collateral Agent) will have any liability whatsoever for any act or omission of the Collateral Agent. 

SECTION 3.6 Documents and Communications. 

The Collateral Agent will permit each Secured Debt Representative and each Secured Party upon reasonable written notice from time to time to
inspect and copy, at the cost and expense of the party requesting such copies, any and all Security Documents and other documents, notices, certificates, instructions or communications received by the Collateral Agent in its capacity as such. 

SECTION 3.7 For Sole and Exclusive Benefit of the Secured Parties. 

Subject to the provisions set forth in the Crossing Lien Intercreditor Agreement, the Collateral Agent will accept, hold, administer and
enforce all Liens on the Collateral at any time transferred or delivered to it and all other interests, rights, powers and remedies at any time granted to or enforceable by the Collateral Agent and all other property of the Trust Estates solely and
exclusively for the benefit of the present and future holders of present and future Secured Obligations, and will distribute all proceeds received by it in realization thereon or from enforcement thereof solely and exclusively pursuant to the
provisions of Section 3.4. 

  
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 SECTION 3.8 Additional Secured Debt. 

(a) The Collateral Agent will, as collateral agent hereunder, perform its undertakings set forth in this Agreement with respect to any Secured
Debt that is issued or incurred after the date hereof if: 
 (1) such Secured Debt is identified as Junior Lien Debt or
Priority Lien Debt in accordance with the procedures set forth in Section 3.8(b); and 
 (2) unless such Secured Debt is
issued under an existing Secured Debt Document for any Series of Secured Debt whose Secured Debt Representative is already party to this Agreement, the designated Secured Debt Representative identified pursuant to Section 3.8(b) signs a
Collateral Agency Joinder and delivers the same to the Collateral Agent. 
 Notwithstanding the foregoing, (x) the incurrence of
revolving credit obligations under commitments that have previously been designated as Secured Debt and (y) the issuance of letters of credit and incurrence of reimbursement obligations in respect thereof under commitments that have previously
been designated as Secured Debt, shall automatically constitute Secured Debt and shall not require compliance with the procedures set forth in Section 3.8(b). 

(b) The Issuers will be permitted to designate as Secured Debt hereunder any Funded Debt that is incurred by any Grantor after the date of this
Agreement in accordance with the terms of all applicable Secured Debt Documents. The Issuers may only effect such designation by delivering to the Collateral Agent an Additional Secured Debt Designation that: 

(1) states that the applicable Grantor intends to incur additional Secured Debt (“Additional Secured
Debt”) which will either be (as specified in such Additional Secured Debt Designation) (i) Priority Lien Debt not prohibited by any Secured Debt Document to be incurred and secured by a Priority Lien equally and ratably with
all previously existing and future Priority Lien Debt or (ii) Junior Lien Debt not prohibited by any Secured Debt Document to be incurred and secured with a Junior Lien equally and ratably with all previously existing and future Junior Lien
Debt; 
 (2) specifies the name and address of the Secured Debt Representative for such Additional Secured Debt for purposes
of this Agreement including Section 7.7; 
 (3) states that each Issuer and each other Grantor has duly authorized,
executed (if applicable) and recorded (or caused to be recorded) in each appropriate governmental office all relevant filings and recordations to ensure that the Additional Secured Debt is secured by the Collateral in accordance with the Security
Documents; 
 (4) attaches as Exhibit 1 to such Additional Secured Debt Designation a Reaffirmation Agreement in
substantially the form attached as Exhibit 1 to Exhibit A of this Agreement, which Reaffirmation Agreement has been duly executed by the Issuers and each other Grantor and Guarantor; and 

  
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 (5) states that the Issuers have caused a copy of the Additional Secured
Debt Designation and the related Collateral Agency Joinder to be delivered to each then existing Secured Debt Representative. 
 Although the Issuers shall
be required to deliver a copy of each Additional Secured Debt Designation and each Collateral Agency Joinder to each then existing Secured Debt Representative, the failure to so deliver a copy of the Additional Secured Debt and/or Collateral Agency
Joinder to any then existing Secured Debt Representative shall not affect the status of such debt as Additional Secured Debt if the other requirements of this Section 3.8 are complied with. Notwithstanding the foregoing, nothing in this
Agreement will be construed to allow the Issuers or any other Grantor to incur additional Funded Debt or Liens if prohibited by the terms of any Secured Debt Documents. 

(c) With respect to any Secured Debt that is issued or incurred after the date hereof, each party hereto agrees to take such actions and enter
into such technical amendments, modifications and/or supplements to the then existing Guarantees and Security Documents (or execute and deliver such additional Security Documents) as may from time to time be reasonably requested by another party
hereto, to ensure that the Additional Secured Debt is secured by, and entitled to the benefits of, the relevant Security Documents, and each Secured Party (by its acceptance of the benefits hereof) hereby agrees to, and authorizes the Collateral
Agent to enter into, any such technical amendments, modifications and/or supplements (and additional Security Documents). Each Issuer and each Grantor hereby further agree that, if there are any recording, filing or other similar fees payable in
connection with any of the actions to be taken pursuant to this Section 3.8(c), all such amounts shall be paid by, and shall be for the account of, the Issuers and the respective Grantors, on a joint and several basis. 

(d) The Grantors shall have the right at any time on or after the Discharge of Priority Lien Obligations has occurred, to enter into any
Priority Lien Document evidencing a Priority Lien Debt which incurrence is not prohibited by the applicable Secured Debt Documents, and to designate such Funded Debt as Priority Lien Debt in accordance with Section 3.8(b). At any time from and
after the date of such designation pursuant to Section 3.8(b) (the “Reference Date”), subject to compliance with Section 3.8(c), the obligations under such Priority Lien Document shall automatically and without
further action be treated as Priority Lien Debt for all purposes of this Agreement, including for purposes of the Lien priorities and rights in respect of Collateral set forth herein, and the Junior Lien Obligations shall be at all times
subordinated and junior to such Priority Liens Obligations pursuant to the terms of this Agreement, including with respect to Junior Lien Obligations that were incurred or outstanding on or prior to the Reference Date. 

SECTION 3.9 Hedging Obligations and Bank Product Obligations. 

(a) The Collateral Agent will, as collateral agent hereunder, also perform its undertakings set forth in Section 3.1(a) with respect to
any Hedging Obligations or Bank Product Obligations under a Hedge Agreement or Bank Product Agreement that is incurred after the date hereof if: 

  
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 (1) such Hedge Agreement (and each Swap Transaction in respect thereof) or
Bank Product Agreement is identified in accordance with the procedures set forth in Section 3.9(b); and 
 (2) the Hedge
Provider or Bank Product Provider, as applicable, identified pursuant to Section 3.9(b) signs a Collateral Agency Joinder and delivers the same to the Collateral Agent (it being understood and agreed that only one Collateral Agency Joinder will
be required for each Hedge Agreement and that separate Collateral Agency Joinders will not be required for each Swap Transaction thereunder). 

(b) Each time a Grantor enters into (i) any Swap Contract that such Grantor desires to designate as a Hedge Agreement, (ii) any Swap
Transaction under any Hedge Agreement or (iii) any agreement giving rise to Bank Product Obligations that such Grantor desires to designate as a Bank Product Agreement, the Issuers shall deliver to the Collateral Agent an Additional Secured
Obligations Designation that: 
 (1) states that the relevant Grantor intends to incur such Hedging Obligations or Bank
Product Obligations, as applicable, which will be (as specified in such Additional Secured Obligation Designation) Priority Lien Obligations or Junior Lien Obligations, as applicable, and that no Secured Debt Document prohibits the incurrence
thereof or prohibits such Hedging Obligations or Bank Product Obligations to be secured by a Priority Lien or a Junior Lien, as applicable, equally and ratably with all previously existing and future Priority Lien Obligations or Junior Lien
Obligations, as applicable; 
 (2) specifies the name and address of the relevant Hedge Provider or Bank Product Provider and
identifies the Hedge Agreement, Swap Transaction or Bank Product Agreement, as applicable; 
 (3) states that each Issuer and
each other Grantor has duly authorized, executed (if applicable) and recorded (or caused to be recorded) in each appropriate governmental office all relevant filings and recordations to ensure that such Hedging Obligations or Bank Product
Obligations are secured by the Collateral in accordance with the Security Documents; 
 (4) attaches as Exhibit 1 to such
Additional Secured Obligation Designation a Reaffirmation Agreement in substantially the form attached as Exhibit 1 to Exhibit D of this Agreement, which Reaffirmation Agreement has been duly executed by the Issuers and each other Grantor and
Guarantor; and 
 (5) states that the Issuers have caused a copy of the Additional Secured Obligation Designation and the
related Collateral Agency Joinder to be delivered to each then existing Secured Debt Representative. 

  
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 Although the Issuers shall be required to deliver a copy of each Additional Secured Obligation Designation
and each Collateral Agency Joinder to each then existing Secured Debt Representative, the failure to so deliver a copy of the Additional Secured Obligation Designation and/or Collateral Agency Joinder to any then existing Secured Debt Representative
shall not affect the status of such obligations as Secured Obligations if the other requirements of this Section 3.9 are complied with. Notwithstanding the foregoing, nothing in this Agreement will be construed to allow the Issuers or any other
Grantor to incur additional Obligations or Liens or enter into any Swap Transactions if prohibited by the terms of any Secured Debt Document. 

(c) With respect to any Hedging Obligations and Bank Product Obligations, each party hereto agrees to take such actions and enter into such
amendments, modifications and/or supplements to the then existing Guarantees and Security Documents (or execute and deliver such additional Security Documents) as may from time to time be reasonably requested by another party hereto, to ensure that
the Hedging Obligations and Bank Product Obligations incurred after the date hereof are secured by, and entitled to the benefits of, the relevant Security Documents, and each Secured Party (by its acceptance of the benefits hereof) hereby agrees to,
and authorizes the Collateral Agent to enter into, any such amendments, modifications and/or supplements (and additional Security Documents). The Issuers and each Grantor hereby further agree that if there are any recording, filing or other similar
fees or taxes payable in connection with any of the actions to be taken pursuant to this Section 3.9(c) all such amounts shall be paid by, and shall be for the account of, the Issuers and the respective Grantors, on a joint and several basis.

 (d) The Grantors shall have the right, at any time on or after the Discharge of Priority Lien Obligations has occurred, to enter into any
Hedge Agreement or Bank Product Agreement evidencing Priority Lien Obligations which incurrence is not prohibited by the applicable Secured Debt Documents, and to designate such obligations as Priority Lien Obligations in accordance with
Section 3.9(b). At any time from and after the date of such designation pursuant to Section 3.9(b) (the “Priority Lien Hedge and Bank Product Reference Date”), the obligations under such Hedge Agreement or Bank
Product Agreement shall automatically and without further action be treated as Priority Lien Obligations for all purposes of this Agreement, including for purposes of the Lien priorities and rights in respect of Collateral set forth herein, and the
Junior Lien Obligations shall be at all times subordinated and junior to such Priority Lien Obligations pursuant to the terms of this Agreement, including with respect to Junior Lien Obligations that were incurred or outstanding on or prior to the
Priority Lien Hedge and Bank Product Reference Date. 
 ARTICLE 4. OBLIGATIONS ENFORCEABLE BY THE ISSUERS AND THE OTHER GRANTORS 

SECTION 4.1 Release of Liens on Collateral. 

(a) Without limiting any release permitted under the Crossing Lien Intercreditor Agreement, the Collateral Agent’s Liens upon the
Collateral will be released in any of the following circumstances: 

  
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 (1) in whole, upon (A) payment in full and discharge of all outstanding
Secured Debt and all other Secured Obligations (other than any obligations for taxes, costs, indemnifications, reimbursements, damages and other liabilities in respect of which no claim or demand for payment has been made at such time) that are
outstanding, due and payable at the time all of the Secured Debt is paid in full and discharged (or the cash collateralization or payment (or other arrangements with respect thereto) of all Hedging Obligations and Bank Product Obligations
constituting Secured Obligations on terms satisfactory to each applicable counterparty, and the expiration or termination of all Hedging Agreements the obligations under which would constitute Secured Obligations) and (B) termination or
expiration of all commitments to extend credit under all Secured Debt Documents and the cancellation or termination, cash collateralization (at the lower of (1) 103% of the aggregate undrawn amount and (2) the percentage of the aggregate
undrawn amount required for release of Liens under the terms of the applicable Secured Debt Documents) of all outstanding letters of credit issued pursuant to any Secured Debt Documents or, solely to the extent if any agreed to by the issuer of any
outstanding letter of credit issued pursuant to any Secured Debt Document, the issuance of a back to back letter of credit in favor of the issuer of any such outstanding letter of credit in an amount equal to such outstanding letter of credit and
issued by a financial institution acceptable to such issuer; or 
 (2) as to any Collateral (including any rights to use
intellectual property assets constituting Collateral) that is sold, transferred or otherwise disposed of (other than pursuant to clauses (3) or (4) below) by any Grantor to a Person that is not (either before or after such sale, transfer or
disposition) a Grantor or a Restricted Subsidiary (as defined in the applicable Priority Lien Documents) of a Grantor (except in the case of an IP Reorganization Transaction (as defined in the Indenture), which shall result in a release of the
subject Collateral pursuant to this clause (2)) in a transaction or other circumstance that is permitted by all of the Secured Debt Documents, at the time of such sale, transfer or other disposition or to the extent of the interest sold, transferred
or otherwise disposed of; or 
 (3) as to a release of less than all or substantially all of the Collateral (other than
pursuant to clause (2) above), if (A) consent to the release of all Priority Liens (or, at any time after the Discharge of Priority Lien Obligations, the Junior Liens) on such Collateral has been given by an Act of Required Secured Parties
or (B) the Priority Liens (or, at any time after the Discharge of Priority Lien Obligations, the Junior Liens) on such collateral have been automatically released pursuant to the Priority Lien Documents; provided, that this clause
(3) shall not apply to Discharge of Priority Lien Obligations upon payment in full thereof; or 
 (4) as to a
release of all or substantially all of the Collateral (other than pursuant to clause (2) above), if (A) consent to release of that Collateral has been given by the requisite percentage or number of holders of each Series of Secured Debt at
the time outstanding as provided for in the applicable Secured Debt Documents and (B) the Issuers have delivered an Officer’s Certificate to the Collateral Agent certifying that any such necessary consents have been obtained; or 

(5) if any Grantor is released from its obligations under each of the Junior Lien Documents, then the Junior Liens on such
Collateral and the obligations of such Grantor (if it is also a Guarantor) under its Guarantee of the Junior Lien Obligations, shall be automatically, unconditionally and simultaneously released; 

  
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 (6) if any Grantor is released from its obligations under each of the
Priority Lien Documents, then the Priority Liens on such Collateral and the obligations of such Grantor (if it is also a Guarantor) under its Guarantee of the Priority Lien Obligations, shall be automatically, unconditionally and simultaneously
released; 
 (7) notwithstanding any of the foregoing, if the Collateral Agent is exercising its rights or remedies with
respect to the Collateral under the Priority Lien Security Documents pursuant to an Act of Required Secured Parties, and the Collateral Agent releases any of the Priority Liens on any part of the Collateral or any Guarantor is released from its
obligations under its Guarantee of the Priority Lien Obligations in connection therewith, then the Junior Liens on such Collateral and the obligations of such Guarantor under its Guarantee of the Junior Lien Obligations, shall be automatically,
unconditionally and simultaneously released. If in connection with any exercise of rights and remedies by the Collateral Agent under the Priority Lien Security Documents pursuant to an Act of Required Secured Parties, the equity interests of any
Person are foreclosed upon or otherwise disposed of and the Collateral Agent releases Priority Lien on the property or assets of such Person then the Junior Liens with respect to the property or assets of such Person will be concurrently and
automatically released to the same extent as the Priority Liens on such property or assets are released; or 
 (8) as
provided in the Crossing Lien Intercreditor Agreement. 
 (b) In addition to and without limiting the provisions of Section 4.1(a), the
Collateral Agent agrees for the benefit of the Issuers and the other Grantors that if the Collateral Agent at any time receives: 

(1) an Officer’s Certificate stating that (A) the signing officer has read Article 4 of this Agreement and
understands the provisions and the definitions relating hereto, (B) such officer has made such examination or investigation as is necessary to enable him or her to express an informed opinion as to whether or not the conditions precedent in
this Agreement and all other Secured Debt Documents, if any, relating to the release of the Collateral have been complied with and (C) in the opinion of such officer, such conditions precedent, if any, have been or will, by the applicable
release date, be complied with; 
 (2) the proposed instrument or instruments releasing such Lien as to such property in
recordable form, if applicable; and 
 (3) to the extent required by Section 4.1(a), prior to the Discharge of Priority
Lien Obligations, the written confirmation of each Priority Lien Representative (or, at any time after the Discharge of Priority Lien Obligations, each Junior Lien Representative) (such confirmation to be given following receipt of, and based solely
on, the Officer’s Certificate described in clause (1) above) that, in its view, such release is permitted by Section 4.1(a) and the respective Secured Debt Documents governing the Secured Obligations the holders of which such Secured
Debt Representative represents; 

  
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 then the Collateral Agent will execute (with such acknowledgements and/or notarizations as are required) and
deliver such release to the Issuers or other applicable Grantor on or before the later of (x) the date specified in such request for such release and (y) the fifth Business Day after the date of receipt of the items required by this
Section 4.1(b) by the Collateral Agent. 
 (c) The Collateral Agent hereby agrees that: 

(1) in the case of any release pursuant to clause (2) of Section 4.1(a), if the terms of any such sale, transfer or
other disposition require the payment of the purchase price to be contemporaneous with the delivery of the applicable release, then, at the written request of and at the expense of the Issuers or other applicable Grantor, the Collateral Agent will
either (A) be present at and deliver the release at the closing of such transaction or (B) deliver the release under customary escrow arrangements that permit such contemporaneous payment and delivery of the release; and 

(2) at any time when a Secured Debt Default under a Series of Secured Debt that constitutes Junior Lien Debt has occurred and
is continuing, within one Business Day of the receipt by it of any Act of Required Secured Parties pursuant to Section 4.1(a)(3), the Collateral Agent will deliver a copy of such Act of Required Secured Parties to each Secured Debt
Representative. 
 (d) Each Secured Debt Representative hereby agrees that: 

(1) as soon as reasonably practicable after receipt of an Officer’s Certificate from the Issuers pursuant to
Section 4.1(b)(1) it will, to the extent required by such Section, either provide (A) the written confirmation required by Section 4.1(b)(3), (B) a written statement that such release is not permitted by Section 4.1(a) or
(C) a request for further information from the Issuers reasonably necessary to determine whether the proposed release is permitted by Section 4.1(a) and after receipt of such information such Secured Debt Representative will
as soon as reasonably practicable either provide the written confirmation or statement required pursuant to clause (A) or (B), as applicable; and 

(2) within one Business Day of the receipt by it of any notice from the Collateral Agent pursuant to Section 4.1(c)(2),
such Secured Debt Representative will deliver a copy of such notice to each registered holder of the Series of Priority Lien Debt or Series of Junior Lien Debt for which it acts as Secured Debt Representative. 

SECTION 4.2 Delivery of Copies to Secured Debt Representatives. 

The Issuers will deliver to each Secured Debt Representative a copy of each Officer’s Certificate delivered to the Collateral Agent
pursuant to Section 4.1(b), together with copies of all documents delivered to the Collateral Agent with such Officer’s Certificate. The Secured Debt Representatives will not be obligated to take notice thereof or to act thereon, subject
to Section 4.1(d). 

  
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 SECTION 4.3 Collateral Agent not Required to Serve, File or
Record. 
 The Collateral Agent is not required to serve, file, register or record any instrument releasing or subordinating its Liens on
any Collateral; provided, however, that if the Issuers or any other Grantor shall make a written demand for a termination statement under Section 9-513(c) of the UCC, the Collateral Agent
shall comply with the written request of such Issuers or Grantor to comply with the requirements of such UCC provision. 

SECTION 4.4 Release of Liens in Respect of any Series of Priority Lien Debt or any Series of Junior Lien Debt. 

(a) Release of Liens in Respect of the Notes. In addition to any release pursuant to Section 4.1 hereof, the Collateral
Agent’s Priority Lien will no longer secure the Notes outstanding under the Indenture or any other Obligations under the Indenture, and the right of the holders of the Notes and such Obligations to the benefits and proceeds of the Collateral
Agent’s Priority Lien on the Collateral will terminate and be discharged: 
 (1) upon satisfaction and discharge of the
Indenture as set forth under Section 12.01 of the Indenture; 
 (2) upon a Legal Defeasance or Covenant Defeasance (each
as defined under the Indenture) of the Notes as set forth under Section 8.02 or Section 8.03, as applicable, of the Indenture; 

(3) upon payment in full and discharge of all Notes outstanding under the Indenture and all Obligations that are outstanding,
due and payable under the Indenture at the time the Notes are paid in full and discharged; 
 (4) in whole or in part, with
the consent of the holders of the requisite percentage of Notes in accordance with Section 9.02 of the Indenture; or 

(5) as provided in the Crossing Lien Intercreditor Agreement. 

In addition, the Collateral Agent’s Priority Lien on any Excess Proceeds (as defined in the Indenture) that remain unexpended after the conclusion of an
applicable Offer to Purchase (as defined in the Indenture) conducted in accordance with the Indenture will no longer secure the Notes outstanding under the Indenture or any other Obligations under the Indenture, and the right of the holders of the
Notes and such Obligations to the benefits and proceeds of the Collateral Agent’s Priority Lien on such Excess Proceeds will terminate and be discharged. 

(b) Release of Liens in Respect of any Series of Priority Lien Debt (other than the Notes) or any Series of Junior Lien Debt. In
addition to any release pursuant to Section 4.1 hereof, as to any Series of Priority Lien Debt other than the Notes, the Collateral Agent’s Priority Lien will no longer secure such Series of Priority Lien Debt if the requirements of a
Discharge of Priority Lien Obligations are satisfied with respect to such Series of Priority Lien Debt and all Priority Lien Obligations related thereto. In addition to any release pursuant to Section 4.1 hereof, as to any Series of Junior Lien
Debt, the Collateral Agent’s Junior Lien will no longer secure such Series of Junior Lien Debt if such Junior Lien Debt has been paid in full in cash, all 

  
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commitments to extent credit in respect of such Series of Junior Lien Debt have been terminated and all other Junior Lien Obligations related thereto that are outstanding and unpaid at the time
such Series of Junior Lien Debt is paid are also paid in full in cash (other than any obligations for taxes, costs, indemnifications, reimbursements, damages and other liabilities in respect of which no claim or demand for payment has been made at
such time). 
 (c) Release of Liens with respect to Affiliate Securities. In the event that Rule
3-16 of Regulation S-X under the Securities Act is amended, modified or interpreted by the Securities and Exchange Commission to require (or is replaced with another
rule or regulation, or any other law, rule or regulation is adopted, which would require) the filing with the Securities and Exchange Commission of separate financial statements of any “affiliate” of the Issuers due to the fact that such
affiliate’s “securities” secure any Series of Secured Debt, then such “securities” shall automatically be deemed not to constitute security for any Series of Secured Debt so affected (but shall continue to constitute
collateral for any Series of Secured Debt not having the above described effect).    As used herein, “securities” and “affiliate” shall have the meaning set forth in Regulation
S-X or such other law, rule or regulation, as applicable. In addition, any Series of Secured Debt may disclaim the benefit of any Affiliate Securities in any Collateral Agency Joinder. 

ARTICLE 5. IMMUNITIES OF THE COLLATERAL AGENT 

SECTION 5.1 No Implied Duty. 

The Collateral Agent will not have any fiduciary duties nor will it have responsibilities or obligations other than those expressly assumed by
it in this Agreement and the other Security Documents. The Collateral Agent will not be required to take any action that is contrary to applicable law or any provision of this Agreement or the other Security Documents. Neither the Collateral Agent
nor any of its Related Parties shall be (a) liable for any action lawfully taken or omitted to be taken by it or such Person under or in connection with this Agreement or any Security Document (except to the extent that any of the foregoing are
found by a final and non-appealable decision of a court of competent jurisdiction to have been caused by its or such Person’s (as applicable) own gross negligence, bad faith or willful misconduct) or
(b) responsible in any manner to any Secured Party for any recitals, statements, representations or warranties made by any Grantor or any officer thereof contained in this Agreement or any Security Document or in any certificate, report,
statement or other document referred to or provided for in, or received by the Collateral Agent or its Related Parties under or in connection with, this Agreement or any Security Document or for the value, validity, effectiveness, genuineness,
enforceability or sufficiency of this Agreement, any Security Document, the Collateral or for any failure of the Grantors or any other party thereto to perform its obligations hereunder or thereunder. Neither the Collateral Agent nor any of the
Secured Parties shall be under any obligation to any other Secured Party to ascertain or to inquire as to the observance or performance of any of the agreements contained in, or conditions of, this Agreement or any Security Document, or to inspect
the properties, books or records of any Grantor or any other Person. Neither the Collateral Agent nor any of its Related Parties shall have any responsibility to any Grantor or to any other Secured Party on account of the failure, delay in
performance or breach by, or as a result of any information, materials or calculations provided by, any Secured Party of any of its obligations hereunder or to any Secured Party on account of the failure of or

  
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delay in performance or breach by any other Secured Party or any Grantor of any of their respective obligations hereunder or under any other Security Document or in connection herewith or
therewith. Unless otherwise specified in this Agreement or the other applicable Secured Debt Documents, the Collateral Agent shall seek direction from, and act solely at the written direction of, an Act of Required Secured Parties. The Secured
Parties hereby acknowledge that neither the Collateral Agent nor its Related Parties shall be under any duty to take any discretionary action permitted to be taken by it pursuant to the provisions of this Agreement unless it shall be requested in
writing to do so by an Act of Required Secured Parties. The Secured Parties further acknowledge and agree that so long as the Collateral Agent or its Related Parties shall make any determination to be made by it hereunder or under any other Secured
Debt Document in good faith, neither the Collateral Agent nor its Related Parties shall have any liability in respect of such determination to any Person. Neither the Collateral Agent nor any of its Related Parties shall have any obligation to
expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder. 

SECTION 5.2 Appointment of Agents and Advisors. 

The Collateral Agent may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents,
attorneys, accountants, appraisers or other experts or advisors selected by it in good faith as it may reasonably require and will not be responsible for any misconduct or negligence on the part of any of them. 

SECTION 5.3 Other Agreements. 

The Collateral Agent has accepted its appointment as Collateral Agent hereunder and is bound by the Security Documents executed
by the Collateral Agent as of the date of this Agreement and, as directed by an Act of Required Secured Parties, the Collateral Agent shall execute additional Security Documents delivered to it after the date of this Agreement;
provided, however, that such additional Security Documents do not adversely affect the rights, privileges, benefits and immunities of the Collateral Agent. The Collateral Agent will not otherwise be bound by, or be held obligated
by, the provisions of any credit agreement, indenture or other agreement governing Secured Debt (other than this Agreement and the other Security Documents to which it is a party). 

SECTION 5.4 Solicitation of Instructions. 

(a) The Collateral Agent may at any time solicit written confirmatory instructions, in the form of an Act of Required Secured Parties, an
Officer’s Certificate or an order of a court of competent jurisdiction, as to any action that it may be requested or required to take, or that it may propose to take, in the performance of any of its obligations under this Agreement or the
other Security Documents. 
 (b) No written direction given to the Collateral Agent by an Act of Required Secured Parties that in the sole
judgment of the Collateral Agent imposes, purports to impose or might reasonably be expected to impose upon the Collateral Agent any obligation or liability not set forth in or arising under this Agreement and the other Security Documents will be
binding upon the Collateral Agent unless the Collateral Agent elects, at its sole option, to accept such direction. 

  
 44 

 SECTION 5.5 Limitation of Liability. 

The Collateral Agent will not be responsible or liable for any action taken or omitted to be taken by it hereunder or under any other Security
Document, except for its own gross negligence, bad faith or willful misconduct as determined in a final and nonappealable decision of a court of competent jurisdiction. 

SECTION 5.6 Documents in Satisfactory Form. 

The Collateral Agent will be entitled to require that all agreements, certificates, opinions, instruments and other documents at any time
submitted to it, including those expressly provided for in this Agreement, be delivered to it in a form and with substantive provisions reasonably satisfactory to it. 

SECTION 5.7 Entitled to Rely. 

The Collateral Agent may seek and conclusively rely upon, and shall be fully protected in relying upon, any judicial order or judgment, upon
any advice, opinion or statement of legal counsel, independent consultants and other experts selected by it in good faith and upon any certification, instruction, notice or other writing delivered to it by the Issuers or any other Grantor in
compliance with the provisions of this Agreement or delivered to it by any Secured Debt Representative as to the Secured Parties for whom it acts, without being required to determine the authenticity thereof or the correctness of any fact stated
therein or the propriety or validity of service thereof. The Collateral Agent may act in reliance upon any instrument comporting with the provisions of this Agreement or any signature reasonably believed by it to be genuine and may assume that any
Person purporting to give notice or receipt or advice or make any statement or execute any document in connection with the provisions hereof or the other Security Documents has been duly authorized to do so. To the extent an Officer’s
Certificate or opinion of counsel is required or permitted under this Agreement to be delivered to the Collateral Agent in respect of any matter, the Collateral Agent may rely conclusively on Officer’s Certificate or opinion of counsel as to
such matter and such Officer’s Certificate or opinion of counsel shall be full warranty and protection to the Collateral Agent for any action taken, suffered or omitted by it under the provisions of this Agreement and the other Security
Documents. 
 SECTION 5.8 Secured Debt Default. 

The Collateral Agent will not be required to inquire as to the occurrence or absence of any Secured Debt Default and will not be affected by or
required to act upon any notice or knowledge as to the occurrence of any Secured Debt Default unless and until it is directed by an Act of Required Secured Parties. 

  
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 SECTION 5.9 Actions by Collateral Agent. 

As to any matter not expressly provided for by this Agreement or the other Security Documents, the Collateral Agent will act or refrain from
acting as directed by an Act of Required Secured Parties and will be fully protected if it does so, and any action taken, suffered or omitted pursuant to hereto or thereto shall be binding on the Secured Parties. Phrases such as “satisfactory
to the Collateral Agent”, “approved by the Collateral Agent”, “acceptable to the Collateral Agent”, “as determined by the Collateral Agent”, “in the Collateral Agent’s discretion”, “selected by
the Collateral Agent”, and phrases of similar import authorize and permit the Collateral Agent to approve, disapprove, determine, act or decline to act in its discretion, it being understood that the Collateral Agent in exercising such
discretion shall act on the instructions by an Act of Required Secured Parties and shall be fully protected in, and shall incur no liability in connection with, acting (or failing to act) pursuant to such instructions. With regards to any action or
refusal to act that involves discretion (including, but not limited to the exercise of any remedies), the Collateral Agent shall be entitled to refrain from any act or the taking of any action hereunder or from the exercise of any power or authority
vested in it hereunder or thereunder unless and until the Collateral Agent shall have received instructions by an Act of Required Secured Parties and shall not be liable for any such delay in acting. 

SECTION 5.10 Security or Indemnity in favor of the Collateral Agent. 

The Collateral Agent will not be required to advance or expend any funds or otherwise incur any financial liability in the performance of its
duties or the exercise of its powers or rights hereunder unless it has been provided with security or indemnity reasonably satisfactory to it against any and all liability or expense which may be incurred by it by reason of taking or continuing to
take such action. 
 SECTION 5.11 Rights of the Collateral Agent. 

In the event of any conflict between any terms and provisions set forth in this Agreement and those set forth in any other Security Document,
the terms and provisions of this Agreement shall supersede and control the terms and provisions of such other Security Document. In the event there is any bona fide, good faith disagreement between the other parties to this Agreement or any of the
other Security Documents resulting in adverse claims being made in connection with Collateral held by the Collateral Agent and the terms of this Agreement or any of the other Security Documents do not unambiguously mandate the action the Collateral
Agent is to take or not to take in connection therewith under the circumstances then existing, or the Collateral Agent is in doubt as to what action it is required to take or not to take hereunder or under the other Security Documents, it will be
entitled to refrain from taking any action (and will incur no liability for doing so) until directed otherwise in writing by a request signed jointly by the parties hereto entitled to give such direction or by order of a court of competent
jurisdiction. 
 SECTION 5.12 Limitations on Duty of Collateral Agent in Respect of Collateral.

 (a) Beyond the exercise of reasonable care in the custody of Collateral in its possession, notwithstanding anything to the contrary
contained herein or in applicable law, the Collateral Agent shall have no responsibility for (i) preparing, recording, filing, re-recording, or re-filing any
financing statement, perfection statement, continuation statement or other 

  
 46 

 
instrument in any public office or for otherwise ensuring the perfection or maintenance of any security interest granted pursuant to, or contemplated by, this Agreement, (ii) taking any
necessary steps to preserve rights against any parties with respect to any Collateral, (iii) taking any action to protect against any diminution in value of the Collateral or (iv) monitoring or confirming the Grantors’ compliance with
any of their respective covenants, including covenants regarding the granting, perfection or maintenance of any security interest. The Collateral Agent will be deemed to have exercised reasonable care in the custody of the Collateral in its
possession if the Collateral is accorded treatment substantially equal to that which it accords its own property, and the Collateral Agent will not be liable or responsible for any loss or diminution in the value of any of the Collateral by reason
of the act or omission of any carrier, forwarding agency or other agent or bailee selected by the Collateral Agent in good faith. 
 (b)
Except as provided in Section 5.12(a), the Collateral Agent will not be responsible for the existence, genuineness or value of any of the Collateral or for the validity, perfection, priority or enforceability of the Liens in any of the
Collateral, whether impaired by operation of law or by reason of any action or omission to act on its part hereunder, except to the extent such action or omission constitutes gross negligence, bad faith or willful misconduct on the part of the
Collateral Agent (as determined in a final and nonappealable decision of a court of competent jurisdiction), for the validity or sufficiency of the Collateral or any agreement or assignment contained therein, for the validity of the title of any
Grantor to the Collateral, for insuring the Collateral or for the payment of taxes, charges, assessments or Liens upon the Collateral or otherwise as to the maintenance of the Collateral. The Collateral Agent hereby disclaims any representation or
warranty to the current and future holders of the Secured Obligations concerning the perfection of the security interests granted to it or in the value of any Collateral. 

(c) If at any time the Collateral Agent is served with any judicial or administrative order, judgment, decree, writ or other form of judicial
or administrative process which in any way affects the Collateral (including, but not limited to, orders of attachment or garnishment or other forms of levies or injunctions or stays relating to the transfer of the Collateral), the Collateral Agent
(a) shall furnish to the Issuers and the Secured Debt Representatives prompt written notice thereof and (b) is authorized to comply therewith in any manner as it or its legal counsel of its own choosing deems appropriate and if the
Collateral Agent complies with any such judicial or administrative order, judgment, decree, writ or other form of judicial or administrative process, the Collateral Agent shall not be liable to any of the parties hereto or to any other Person even
though such order, judgment, decree, writ or process may be subsequently modified or vacated or otherwise determined to have been without legal force or effect. 

SECTION 5.13 Assumption of Rights, Not Assumption of Duties. 

Notwithstanding anything to the contrary contained herein: 

(1) each of the parties thereto will remain liable under each of the Security Documents (other than this Agreement) to the
extent set forth therein to perform all of their respective duties and obligations thereunder to the same extent as if this Agreement had not be executed; 

  
 47 

 (2) the exercise by the Collateral Agent of any of its rights, remedies or
powers hereunder will not release such parties from any of their respective duties or obligations under the other Security Documents; and 

(3) the Collateral Agent will not be obligated to perform any of the obligations or duties of any of the parties to the
Security Documents other than the Collateral Agent. 
 SECTION 5.14 No Liability for Clean Up of Hazardous Materials.

 In the event that the Collateral Agent is required to acquire title to an asset for any reason, or take any managerial action of any kind
in regard thereto, in order to carry out any fiduciary or trust obligation for the benefit of another, which in the Collateral Agent’s sole discretion may cause the Collateral Agent to be considered an “owner or operator” under any
environmental laws or otherwise cause the Collateral Agent to incur, or be exposed to, any environmental liability or any liability under any other federal, state or local law, the Collateral Agent reserves the right, instead of taking such action,
either to resign as Collateral Agent in accordance with Article 6 or to arrange for the transfer of the title or control of the asset to a court appointed receiver. The Collateral Agent will not be liable to any Person for any environmental
liability or any environmental claims or contribution actions under any federal, state or local law, rule or regulation by reason of the Collateral Agent’s actions and conduct as authorized, empowered and directed hereunder or relating to any
kind of discharge or release or threatened discharge or release of any hazardous materials into the environment. 
 SECTION
5.15 Force Majeure. 
 The Collateral Agent shall not incur any liability for not performing any act or fulfilling any duty,
obligation or responsibility hereunder by reason of any act or provision of any present or future law or regulation or governmental authority, any act of God or war, civil unrest, local or national disturbance or disaster, any act of terrorism, or
the unavailability of the Federal Reserve Bank wire or facsimile or other wire or communication facility; provided that the Collateral Agent shall use commercially reasonable efforts to eliminate or minimize the effects of any such event.

 SECTION 5.16 Capacities; Immunities. 

The parties to this Agreement agree that (x) the rights, protections, indemnities and immunities provided to the Collateral Agent
hereunder are applicable to the Collateral Agent in connection with the entry into, and the performance of any of its related roles under, the Crossing Lien Intercreditor Agreement and (y) the indemnity provided to the Collateral Agent under
Section 7.12 of this Agreement extends to the Collateral Agent in connection with the performance of any of its related roles under the Crossing Lien Intercreditor Agreement. 

  
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 ARTICLE 6. RESIGNATION AND REMOVAL OF THE COLLATERAL AGENT 

SECTION 6.1 Resignation or Removal of Collateral Agent. 

Subject to the appointment of a successor Collateral Agent as provided in Section 6.2 and the acceptance of such appointment by the
successor Collateral Agent: 
 (a) the Collateral Agent may resign at any time by giving not less than 30 days’ notice of resignation to
each Secured Debt Representative and the Issuers; and 
 (b) the Collateral Agent may be removed at any time, with or without cause, by an
Act of Required Secured Parties. 
 SECTION 6.2 Appointment of Successor Collateral Agent. 

Upon any such resignation or removal, a successor Collateral Agent reasonably acceptable to the Issuers and the other Grantors may be appointed
by an Act of Required Secured Parties. If no successor Collateral Agent has been so appointed and accepted such appointment within 30 days after the predecessor Collateral Agent gave notice of resignation or was removed, the retiring Collateral
Agent may (at the expense of the Issuers), at its option, appoint a successor Collateral Agent, or petition a court of competent jurisdiction for appointment of a successor Collateral Agent, which must be a bank or trust company: 

(1) authorized to exercise corporate agency or trust powers; 

(2) having a combined capital and surplus of at least $500,000,000; and 

(3) that is not an Issuer or an Affiliate of the Issuers. 

The Collateral Agent will fulfill its obligations hereunder until a successor Collateral Agent meeting the requirements of this
Section 6.2 has accepted its appointment as Collateral Agent and the provisions of Section 6.3 have been satisfied. 

SECTION 6.3 Succession. 

When the Person so appointed as successor Collateral Agent accepts such appointment: 

(1) such Person will succeed to and become vested with all the rights, powers, privileges and duties of the predecessor
Collateral Agent, and the predecessor Collateral Agent will be discharged from its duties and obligations hereunder; and 

(2) the predecessor Collateral Agent will (at the expense of the Issuers) promptly transfer all Liens and collateral security
and other property of the Trust Estates within its possession or control to the possession or control of the successor Collateral Agent and will execute instruments and assignments as may be necessary or desirable or reasonably requested by the
successor Collateral Agent to transfer to the successor Collateral Agent all Liens, interests, rights, powers and remedies of the predecessor Collateral Agent in respect of the Security Documents or the Trust Estates. 

Thereafter the predecessor Collateral Agent will remain entitled to enforce the immunities granted to it in Article 5 and the provisions of
Sections 7.11 and 7.12. 

  
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 SECTION 6.4 Merger, Conversion or Consolidation of Collateral Agent.

 Any Person into which the Collateral Agent may be merged or converted or with which it may be consolidated, or any Person resulting from
any merger, conversion or consolidation to which the Collateral Agent shall be a party, or any Person succeeding to the business of the Collateral Agent shall be the successor of the Collateral Agent pursuant to Section 6.3, provided
that (i) without the execution or filing of any paper with any party hereto or any further act on the part of any of the parties hereto, except where an instrument of transfer or assignment is required by law to effect such succession, anything
herein to the contrary notwithstanding, such Person satisfies the eligibility requirements specified in clauses (1) through (4) of Section 6.2 and (ii) prior to any such merger, conversion or consolidation, the Collateral Agent shall
have notified the Issuers, each Priority Lien Representative and each Junior Lien Representative thereof in writing. 
 ARTICLE 7.
MISCELLANEOUS PROVISIONS 
 SECTION 7.1 Amendment. 

(a) No amendment, waiver or other modification to the provisions of any Security Document (other than this Agreement) will be effective against
the parties to this Agreement that are not party to such Security Document without the approval of the Collateral Agent acting as directed by an Act of Required Secured Parties, except that: 

(1) any amendment, waiver or other modification that has the effect solely of: 

(A) adding or maintaining Collateral, securing additional Secured Obligations that are otherwise not prohibited by the terms of
any Secured Debt Document to be secured by the Collateral or preserving, perfecting or establishing the Liens thereon or the rights of the Collateral Agent therein; 

(B) curing any ambiguity, omission, mistake, defect or inconsistency; 

(C) providing for the assumption of any Grantor’s obligations under any Secured Debt Document in the case of a merger or
consolidation or sale of all or substantially all of the assets of such Grantor to the extent not prohibited by the terms of the Secured Debt Documents; or 

(D) conforming the text of this Agreement to any provision of the “—Intercreditor Arrangements—Collateral Agency
Agreement” provisions in the Offering Memorandum for the Notes to the extent that such provision in the “—Intercreditor Arrangements—Collateral Agency Agreement” provisions in the Offering Memorandum for the Notes was
intended to be a verbatim recitation of a provision of this Agreement (as evidenced by an Officer’s Certificate of the Issuers); 

  
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 will become effective when executed and delivered by the Issuers or any other applicable
Grantor party thereto and the Collateral Agent; 
 (2) no amendment, waiver or other modification that reduces, impairs or
adversely affects the right of any Secured Party: 
 (A) to vote its outstanding Secured Debt as to any matter described as
subject to an Act of Required Secured Parties (or amends the provisions of this Section 7.1(a) (2) or the definitions of “Act of Required Secured Parties”, “Required Junior Lien
Debtholders” or “Controlling Representative”); 
 (B) to share in the
order of application described in Section 3.4 in the proceeds of enforcement of or realization on any Collateral that has not been released in accordance with the provisions described in Section 4.1 or 4.4; 

(C) to require that Liens securing Secured Obligations be released only as set forth in the provisions described in
Section 4.1 or 4.4; or 
 (D) under this Section 7.1, 

will become effective without the consent of the requisite percentage or number of holders of each Series of Secured Debt so affected under the applicable
Secured Debt Documents; and 
 (3) no amendment, waiver or other modification that imposes any obligation upon the Collateral
Agent or any Secured Debt Representative or adversely affects the rights of the Collateral Agent or any Secured Debt Representative, respectively, in its capacity as such will become effective without the consent of the Collateral Agent or such
Secured Debt Representative, respectively. 
 (b) Notwithstanding Section 7.1(a) but subject to Sections 7.1(a)(2) and 7.1(a)(3): 

(1) any mortgage or other Security Document that secures Junior Lien Obligations (but not Priority Lien Obligations) may be
amended, waived or otherwise modified with the approval of the Collateral Agent acting as directed in writing by the Required Junior Lien Debtholders, unless such amendment, waiver or modification would not be permitted under the terms of this
Agreement or the other Priority Lien Documents; 
 (2) any amendment, waiver or other modification of any provision of any
Priority Lien Security Document will apply automatically to any comparable provision of any comparable Junior Lien Security Document without the consent of or notice to any Junior Lien Secured Party and without any action by the Issuers or any other
Grantor or any holder of notes or other Junior Lien Secured Party; and 
 (3) any amendment, waiver or other modification of
this Agreement will require the written consent of the Collateral Agent (acting as directed by an Act of Required Secured Parties), each of the Secured Debt Representatives and, to the extent of their respective rights and obligations under this
Agreement, the Issuers and the other Grantors. 

  
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 (c) The Collateral Agent will not be required to enter into any amendment, waiver or other
modification unless it has received an Officer’s Certificate to the effect that such amendment, waiver or other modification will not result in a breach of any provision or covenant contained in any of the Secured Debt Documents. Prior to
executing any amendment, waiver or other modification pursuant to this Section 7.1, the Collateral Agent will be entitled to receive an opinion of counsel of the Issuers to the effect that the conditions precedent to the execution and delivery
of such document have been satisfied. 
 (d) Notwithstanding the foregoing, any amendment, waiver or other modification to the provisions of
any Security Document made solely to, and deemed reasonably necessary or advisable by a counsel of local jurisdiction to, facilitate the grant of a Guarantee or security interest created under the Secured Debt Documents by any Guarantor that is a
Foreign Restricted Subsidiary (as defined in the Indenture) will be effective when executed and delivered by the Issuers or and the other applicable Grantors without execution by the Collateral Agent. 

SECTION 7.2 Voting. 

In connection with any matter under this Agreement requiring a vote of holders of Secured Debt, each Series of Secured Debt will cast its votes
in accordance with the Secured Debt Documents governing such Series of Secured Debt. The amount of Secured Debt to be voted by a Series of Secured Debt will equal (1) the aggregate principal amount of Secured Debt held by such Series of Secured
Debt (including outstanding letters of credit whether or not then available or drawn), plus (2) other than in connection with an exercise of remedies, the aggregate unfunded commitments to extend credit which, when funded, would
constitute Funded Debt of such Series of Secured Debt. Following and in accordance with the outcome of the applicable vote under its Secured Debt Documents, the Secured Debt Representative of each Series of Secured Debt will cast all of its votes
under that Series of Secured Debt as a block in respect of any vote under this Agreement. 
 SECTION 7.3 Further
Assurances. 
 (a) The Issuers and each of the other Grantors will do or cause to be done all acts and things that may be required, or
that the Collateral Agent from time to time may reasonably request, to assure and confirm that the Collateral Agent holds, for the benefit of the Secured Parties, duly created and enforceable and perfected Liens upon the Collateral, (including any
property or assets that are acquired or otherwise become, or are required by any Secured Debt Document to become, Collateral after the date hereof), in each case as and to the extent contemplated by, and with the Lien priority required under, the
Secured Debt Documents. 
 (b) The Issuers and each of the other Grantors will promptly execute, acknowledge and deliver such security
documents, instruments, certificates, notices and other documents, and take such other actions as may be reasonably required by applicable law, or that the Collateral Agent may reasonably request, to create, perfect, protect, assure or enforce the
Liens and benefits intended to be conferred, in each case as and to the extent contemplated by the Secured Debt Documents for the benefit of the Secured Parties. 

  
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 (c) Upon the request of the Collateral Agent, the Issuers and the other Grantors will permit
the Collateral Agent or any of its agents or representatives, at reasonable times and intervals upon reasonable prior notice, to visit their offices and sites and inspect any of the Collateral and to discuss matters relating to the Collateral with
their respective officers and independent public accountants. The Issuers and the other Grantors shall, at any reasonable time and from time to time upon reasonable prior notice, permit the Collateral Agent or any of its agents or representatives to
examine and make copies of and abstracts from the records and books of account of the Issuers and the other Grantors and their Subsidiaries, all at the Issuers’ expense. 

SECTION 7.4 Perfection of Junior Trust Estate. 

Solely for purposes of perfecting the Liens of the Collateral Agent in its capacity as agent of the Junior Lien Secured Parties and the Junior
Lien Representatives in any portion of the Junior Trust Estate in the possession or control of the Collateral Agent (or its agents or bailees) as part of the Senior Trust Estate including, without limitation, any instruments, goods, negotiable
documents, tangible chattel paper, certificated securities, securities accounts or money, the Collateral Agent, the Priority Lien Secured Parties and the Priority Lien Representatives hereby acknowledge that the Collateral Agent also holds such
property as gratuitous bailee for the benefit of the Collateral Agent for the benefit of the Junior Lien Secured Parties and the Junior Lien Representatives (such bailment being intended, among other things, to satisfy the requirements of Sections 8-106(d)(d), 8-301(a)(2) and 9-313(c) of the UCC). Solely with respect to any deposit accounts under the control (within the meaning of
Section 9-104 of the UCC) of the Collateral Agent in its capacity as agent of the holders of the Priority Lien Obligations, the Collateral Agent agrees to also hold control over such deposit accounts as
gratuitous agent for the benefit of the Junior Lien Secured Parties and the Junior Lien Representatives. 
 SECTION 7.5
Separate Grants and Separate Classification. 
 Each of the parties and beneficiaries hereto acknowledges and agrees that: 

(a) the grants of Liens to the Collateral Agent for the benefit of the Priority Lien Secured Parties and the grants of Liens to the Collateral
Agent for the benefit of the Junior Lien Secured Parties constitute two separate and distinct grants of Liens; and 
 (b) because of, among
other things, their differing rights in the Collateral, the Priority Lien Obligations are fundamentally different from the Junior Lien Obligations and must be separately classified in any plan of reorganization proposed or adopted in an Insolvency
or Liquidation Proceeding. 
 To further effectuate the intent of the parties as provided in the immediately preceding sentence, and subject
to the provisions of the Crossing Lien Intercreditor Agreement with respect to the ABL Priority Collateral (as defined in the Crossing Lien Intercreditor Agreement), if it is held that the claims of the Priority Lien Secured Parties and the Junior
Lien Secured Parties in 

  
 53 

 
respect of the Collateral constitute only one secured claim (rather than separate classes of senior and junior secured claims), then each of the parties hereto hereby acknowledges and agrees
that, all distributions shall be made as if there were separate classes of senior and junior secured claims against the Grantors in respect of the Collateral (with the effect being that, to the extent that the aggregate value of the Collateral is
sufficient (for this purpose ignoring all claims held by the Junior Lien Secured Parties), the Priority Lien Secured Parties 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 (or that would be owing if there were such separate classes of senior and junior secured claims) in respect of post-petition interest, including any
additional interest payable pursuant to the Priority Lien Documents, arising from or related to a default, which is disallowed as a claim in any Insolvency or Liquidation Proceeding) before any distribution is made in respect of the claims held by
the Junior Lien Secured Parties with respect to the Collateral, with the Junior Lien Secured Parties, hereby acknowledging and agreeing to turn over to the Collateral Agent, for itself and on behalf of the Priority Lien Secured Parties, Collateral
or proceeds of Collateral 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 claim or recovery of the Junior Lien Secured Parties. 

SECTION 7.6 Successors and Assigns. 

(a) Except as provided in Section 5.2, the Collateral Agent may not, in its capacity as such, delegate any of its duties or assign any of
its rights hereunder, and any attempted delegation or assignment of any such duties or rights will be null and void. All obligations of the Collateral Agent hereunder will inure to the sole and exclusive benefit of, and be enforceable by, each
Secured Debt Representative and each present and future holder of Secured Obligations, each of whom will be entitled to enforce this Agreement as a third-party beneficiary hereof, and all of their respective successors and assigns. 

(b) Neither the Issuers nor any other Grantor may delegate any of its duties or assign any of its rights hereunder, and any attempted
delegation or assignment of any such duties or rights will be null and void. All obligations of the Issuers and the other Grantors hereunder will inure to the sole and exclusive benefit of, and be enforceable by, the Collateral Agent, each Secured
Debt Representative and each present and future holder of Secured Obligations, each of whom will be entitled to enforce this Agreement as a third-party beneficiary hereof, and all of their respective successors and assigns. 

SECTION 7.7 Delay and Waiver. 

No failure to exercise, no course of dealing with respect to the exercise of, and no delay in exercising, any right, power or remedy arising
under this Agreement or any of the other Security Documents will impair any such right, power or remedy or operate as a waiver thereof. No single or partial exercise of any such right, power or remedy will preclude any other or future exercise
thereof or the exercise of any other right, power or remedy. The remedies herein are cumulative and are not exclusive of any remedies provided by law. 

  
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 SECTION 7.8 Notices. 

Any communications, including notices and instructions, between the parties hereto or notices provided herein to be given may be given to the
following addresses (including being sent by facsimile or email) (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): 

 

			
	If to the Collateral Agent:	 	U.S. Bank National Association
		 	190 S. LaSalle Street, 10th Floor
		 	MK-IL-SLTR
		 	Chicago, IL 60603
		 	Attention: Global Corporate Trust
		 	& Escrow Services
		 	Telephone: (312) 332-6781
		 	Facsimile: (312) 332-8009
		 	Email: linda.garcia@usbank.com
		
	If to the Issuers or any other	 	
	Grantor:	 	c/o Gogo Inc.
		 	111 N. Canal St.
		 	Chicago, IL 60606
		 	Attn: General Counsel
		 	Facsimile: 312-517-5566
		 	Email: MElias@gogoair.com
		
	If to the Trustee:	 	U.S. Bank National Association
		 	190 S. LaSalle Street, 10th Floor
		 	MK-IL-SLTR
		 	Chicago, IL 60603
		 	Attention: Global Corporate Trust
		 	& Escrow Services
		 	Telephone: (312) 332-6781
		 	Facsimile: (312) 332-8009
		 	Email: linda.garcia@usbank.com

 and if to any other Secured Debt Representative, to such address as it may specify by written notice to the parties
named above. 
 All notices and communications will be mailed by first class mail, certified or registered, return receipt requested, by
overnight air courier guaranteeing next day delivery, or by facsimile or email, to the relevant address set forth above or, as to holders of Secured Debt, its address shown on the register kept by the office or agency where the relevant Secured Debt
may be presented for registration of transfer or for exchange. Failure to mail or send a notice or communication to a holder of Secured Debt or any defect in it will not affect its sufficiency with respect to other holders of Secured Debt. 

If a notice or communication is mailed in the manner provided above within the time prescribed, it is duly given, whether or not the addressee
receives it. Notices and communications sent by facsimile shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at

  
 55 

 
the opening of business on the next Business Day for the recipient). Notices and communications sent to an email address shall be deemed received upon the sender’s receipt of an
acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return email or other written acknowledgement); provided that if any such notice or communication is not sent during the
normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next Business Day for the recipient. 

SECTION 7.9 Notice Following Discharge of Priority Lien Obligations. 

Promptly following the Discharge of Priority Lien Obligations with respect to one or more Series of Priority Lien Debt, each Priority Lien
Representative with respect to each applicable Series of Priority Lien Debt that is so discharged will provide written notice of such discharge to the Collateral Agent and to each other Secured Debt Representative, provided that the failure
to provide such written notice shall not affect the effectiveness of such Discharge of Priority Lien Obligations. 
 SECTION
7.10 Entire Agreement. 
 This Agreement states the complete agreement of the parties relating to the undertaking of the
Collateral Agent set forth herein and supersedes all oral negotiations and prior writings in respect of such undertaking (it being understood that, subject to the final sentence of Section 7.26, this Agreement does not supersede the Crossing
Lien Intercreditor Agreement). 
 SECTION 7.11 Compensation; Expenses. 

The Grantors jointly and severally agree to pay, promptly upon demand: 

(1) such compensation to the Collateral Agent and its agents as the Issuers and the Collateral Agent may agree in writing from
time to time; 
 (2) all reasonable costs and expenses incurred by the Collateral Agent and its agents in the preparation,
execution, delivery, filing, recordation, administration or enforcement of this Agreement or any other Security Document or any consent, amendment, waiver or other modification relating hereto or thereto; 

(3) all reasonable fees, expenses and disbursements of a single firm of legal counsel and any auditors, accountants,
consultants or appraisers or other professional advisors and agents reasonably engaged by the Collateral Agent in connection with the negotiation, preparation, closing, administration, performance or enforcement of this Agreement and the other
Security Documents or any consent, amendment, waiver or other modification relating hereto or thereto and any other document or matter requested by the Issuers or any other Grantor; 

(4) all reasonable costs and expenses incurred by the Collateral Agent and its agents in creating, perfecting, preserving,
releasing or enforcing the Collateral Agent’s Liens on the Collateral, including filing and recording fees, expenses, stamp or documentary taxes, search fees, and title insurance premiums; 

  
 56 

 (5) all other reasonable costs and expenses incurred by the Collateral Agent
and its agents in connection with the negotiation, preparation and execution of the Security Documents and any consents, amendments, waivers or other modifications thereto and the transactions contemplated thereby or the exercise of rights or
performance of obligations by the Collateral Agent thereunder; and 
 (6) after the occurrence of any Secured Debt Default,
all reasonable costs and expenses incurred by the Collateral Agent, its agents and any Secured Debt Representative in connection with the preservation, collection, foreclosure or enforcement of the Collateral subject to the Security Documents or any
interest, right, power or remedy of the Collateral Agent or in connection with the collection or enforcement of any of the Secured Obligations or the proof, protection, administration or resolution of any claim based upon the Secured Obligations in
any Insolvency or Liquidation Proceeding, including all fees and disbursements of attorneys, accountants, auditors, consultants, appraisers and other professionals engaged by the Collateral Agent, its agents or the Secured Debt Representatives. 

The agreements in this Section 7.11 will survive repayment of all other Secured Obligations and the removal or resignation of the Collateral Agent. 

SECTION 7.12 Indemnity. 

(a) The Grantors jointly and severally agree to defend, indemnify, pay and hold harmless the Collateral Agent and each of its Affiliates and
each of their respective directors, officers, members, partners, trustees, employees, attorneys and agents, and (in each case) their respective heirs, representatives, successors and assigns (each of the foregoing, an
“Indemnitee”) from and against any and all Indemnified Liabilities; provided, no Indemnitee will be entitled to indemnification hereunder with respect to any Indemnified Liability to the extent such
Indemnified Liability is found by a final and nonappealable decision of a court of competent jurisdiction to have resulted from the gross negligence, bad faith or willful misconduct of such Indemnitee. 

(b) All amounts due under this Section 7.12 will be payable upon demand. 

(c) To the extent that the undertakings to defend, indemnify, pay and hold harmless set forth in Section 7.12(a) may be unenforceable in
whole or in part because they violate any law or public policy, each of the Grantors will contribute the maximum portion that it is permitted to pay and satisfy under applicable law to the payment and satisfaction of all Indemnified Liabilities
incurred by Indemnitees or any of them. 
 (d) No Grantor will ever assert any claim against any Indemnitee, on any theory of liability, for
any lost profits or special, indirect or consequential damages or (to the fullest extent a claim for punitive damages may lawfully be waived) any punitive damages arising out of, in connection with, or as a result of, this Agreement or any other
Security Document or any agreement or instrument or transaction contemplated hereby or relating in any respect to any Indemnified Liability, and each of the Grantors hereby forever waives, releases and agrees not to sue upon any claim for any such
lost profits or special, indirect, consequential or (to the fullest extent lawful) punitive damages, whether or not accrued and whether or not known or suspected to exist in its favor. 

  
 57 

 (e) The agreements in this Section 7.12 will survive repayment of all other Secured
Obligations and the removal or resignation of the Collateral Agent. 
 SECTION 7.13 Actions Upon Breach; Specific
Performance. 
 If any Junior Lien Secured Party, in contravention of the terms of this Agreement, in any way takes, attempts to or
threatens to take any action with respect to the Collateral (including any attempt to realize upon or enforce any remedy with respect to this Agreement), or fails to take any action required by this Agreement, this Agreement shall create an
irrebuttable presumption and admission by such Junior Lien Secured Party that relief against such Junior Lien Secured Party by injunction, specific performance and/or other appropriate equitable relief is necessary to prevent irreparable harm to the
Priority Lien Secured Parties, it being understood and agreed by each Junior Lien Representative and each Junior Lien Collateral Agent, on behalf of each Junior Lien Secured Party represented by it, that (i) the Priority Lien Secured
Parties’ damages from actions of any Junior Lien Secured Party may at that time be difficult to ascertain and may be irreparable and (ii) each Junior Lien Secured Party waives any defense that the Grantors and/or the Priority Lien Secured
Parties cannot demonstrate damage and/or be made whole by the awarding of damages. Each of the Priority Lien Representatives and/or Priority Lien Collateral Agents may demand specific performance of this Agreement. Each Junior Lien Representative
and each Junior Lien Collateral Agent, on behalf of itself and each other Junior Lien Secured Party represented by it, hereby irrevocably waives any defense based on the adequacy of a remedy at law and any other defense which might be asserted to
bar the remedy of specific performance in any action which may be brought by any Priority Lien Representative, any Priority Lien Collateral Agent or any other Priority Lien Secured Party. No provision of this Agreement shall constitute or be deemed
to constitute a waiver by any Priority Lien Representative or any Priority Lien Collateral Agent on behalf of itself and each other Priority Lien Secured Party represented by it of any right to seek damages from any Person in connection with any
breach or alleged breach of this Agreement. 
 SECTION 7.14 Severability. 

Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the
extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other
jurisdiction. The parties hereto shall endeavor in good-faith negotiations to replace any invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or
unenforceable provisions. 

  
 58 

 SECTION 7.15 Section Headings. 

The section headings and Table of Contents used in this Agreement are for convenience of reference only and are not to affect the construction
hereof or be taken into consideration in the interpretation hereof. 
 SECTION 7.16 Obligations Secured. 

All obligations of the Grantors set forth in or arising under this Agreement will be Secured Obligations and are secured by all Liens granted
by the Security Documents. 
 SECTION 7.17 Governing Law. 

THIS AGREEMENT AND ANY DISPUTE, CLAIM OR CONTROVERSY ARISING OUT OF OR RELATING TO THIS AGREEMENT (WHETHER ARISING IN CONTRACT, TORT OR
OTHERWISE) SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICTS OF LAW RULES THAT WOULD RESULT IN THE APPLICATION OF A DIFFERENT GOVERNING LAW (OTHER THAN ANY MANDATORY
PROVISIONS OF THE UCC RELATING TO THE LAW GOVERNING PERFECTION AND THE EFFECT OF PERFECTION OR PRIORITY OF THE SECURITY INTERESTS). 

SECTION 7.18 Consent to Jurisdiction. 

All judicial proceedings brought against any party hereto arising out of or relating to this Agreement shall be brought in any state or federal
court of competent jurisdiction in the State, County and City of New York. By executing and delivering this Agreement, each Grantor, for itself and in connection with its properties, irrevocably: 

(1) accepts generally and unconditionally the exclusive jurisdiction and venue of such courts; 

(2) waives any defense of forum non conveniens; 

(3) agrees that service of all process in any such proceeding in any such court may be made by registered or certified mail,
return receipt requested, to such party at its address provided in accordance with Section 7.8; 
 (4) agrees that
service as provided in clause (3) above is sufficient to confer personal jurisdiction over such party in any such proceeding in any such court and otherwise constitutes effective and binding service in every respect; and 

(5) agrees that the Collateral Agent, the Secured Debt Representatives and the other Secured Parties retain the right to serve
process in any other manner permitted by law or to bring proceedings against the Grantors in the courts of any other jurisdiction. 

  
 59 

 SECTION 7.19 Waiver of Jury Trial. 

EACH PARTY HERETO HEREBY IRREVOCABLY 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 OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT, BREACH OF DUTY, COMMON LAW, STATUTE OR ANY OTHER THEORY). EACH PARTY HERETO
(A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON 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. EACH PARTY HERETO FURTHER REPRESENTS AND WARRANTS THAT IT HAS REVIEWED THIS WAIVER
WITH ITS LEGAL COUNSEL AND THAT IT KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. 

SECTION 7.20 Counterparts. 

This Agreement may be executed by one or more of the parties to this Agreement on any number of separate counterparts (including by facsimile
or other electronic imaging means), and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of an executed signature page of this Agreement by facsimile or other electronic transmission (e.g.
“pdf” or “tif” format) shall be effective as delivery of a manually executed counterpart hereof.

SECTION 7.21 Grantors and Additional Grantors. 

Each Issuer represents and warrants that each Person who is a Grantor on the date hereof has duly executed this Agreement. The Issuers will
cause each Person that hereafter becomes a Grantor or is required by any Secured Debt Document to become a party to this Agreement to become a party to this Agreement, for all purposes of this Agreement, by causing such Person to execute and deliver
to the Collateral Agent a Collateral Agency Joinder, 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 Issuers shall promptly provide each Secured
Debt Representative with a copy of each Collateral Agency Joinder executed and delivered pursuant to this Section 7.21; provided, however, that the failure to so deliver a copy of the Collateral Agency Joinder to any then existing
Secured Debt Representative shall not affect the inclusion of such Person as a Grantor if the other requirements of this Section 7.21 are complied with. 

SECTION 7.22 Continuing Nature of this Agreement. 

This Agreement, including the subordination provisions hereof, will be reinstated if at any time any payment or distribution in respect of any
of the Priority Lien Obligations is rescinded or must otherwise be returned in an Insolvency or Liquidation Proceeding or otherwise by any Priority Lien Secured Party or Priority Lien Representative or any representative of any such party (whether
by demand, settlement, litigation or otherwise). In the 

  
 60 

 
event that all or any part of a payment or distribution made with respect to the Priority Lien Obligations is recovered from any Priority Lien Secured Party or any Priority Lien Representative in
an Insolvency or Liquidation Proceeding or otherwise, such payment or distribution received by any Junior Lien Secured Party or Junior Lien Representative with respect to the Junior Lien Obligations from the proceeds of any Collateral at any time
after the date of the payment or distribution that is so recovered, whether pursuant to a right of subrogation or otherwise, that Junior Lien Representative or that Junior Lien Secured Party, as the case may be, will forthwith deliver the same to
the Collateral Agent, for the account of the Priority Lien Secured Parties to be applied in accordance with Section 3.4. Until so delivered, such proceeds will be held by that Junior Lien Representative or that Junior Lien Secured Party, as the
case may be, for the benefit of the Priority Lien Secured Parties. 
 SECTION 7.23 Insolvency. 

This Agreement will be applicable both before and after the commencement of any Insolvency or Liquidation Proceeding by or against any Grantor.
The relative rights, as provided for in this Agreement, will continue after the commencement of any such Insolvency or Liquidation Proceeding on the same basis as prior to the date of the commencement of any such case, as provided in this Agreement.

 SECTION 7.24 Rights and Immunities of Secured Debt Representatives. 

The Trustee will be entitled to all of the rights, benefits, protections, immunities and indemnities set forth in the Indenture and any future
Secured Debt Representative will be entitled to all of the rights, protections, immunities and indemnities set forth in the credit agreement, indenture or other agreement governing the applicable Secured Debt with respect to which such Person will
act as representative, in each case as if specifically set forth herein. In no event will any Secured Debt Representative be liable for any act or omission on the part of the Grantors or the Collateral Agent hereunder. 

SECTION 7.25 USA PATRIOT Act Section 326 Customer Identification Program. 

The parties hereto acknowledge that in order to help the United States government fight the funding of terrorism and money laundering
activities, pursuant to Federal regulations that became effective on October 1, 2003 (Section 326 of the USA PATRIOT Act) all financial institutions are required to obtain, verify, record and update information that identifies each person
establishing a relationship or opening an account. The parties to this Agreement agree that they will provide to the Collateral Agent such information as it may request, from time to time, in order for the Collateral Agent to satisfy the
requirements of the USA PATRIOT Act, including but not limited to the name, address, tax identification number and other information that will allow them to identify the individual or entity who is establishing the relationship or opening the
account and may also ask for formation documents such as articles of incorporation or other identifying documents to be provided. 

  
 61 

 SECTION 7.26 Crossing Lien Intercreditor Agreement. 

Each party hereto, on behalf of itself and each holder of Obligations in respect of the Series of Secured Debt for which it is acting as
Secured Debt Representative hereby acknowledges and consents to the terms and provisions of the Crossing Lien Intercreditor Agreement, and acknowledges and agrees that the Crossing Lien Intercreditor Agreement governs Lien sharing and priority as
between the ABL Agent (as defined in the Crossing Lien Intercreditor Agreement) and ABL Secured Parties (as defined in the Crossing Lien Intercreditor Agreement) on the one hand, and the Secured Parties on the other hand, and that the Liens on ABL
Priority Collateral (as defined in the Crossing Lien Intercreditor Agreement) that secure all or any portion of any Secured Obligations in each case, whether by grant, possession, statute, operation of law, subrogation or otherwise, are subject and
subordinate to any Liens on ABL Priority Collateral securing the ABL Obligations (as defined in the Crossing Lien Intercreditor Agreement). This Section 7.26 is intended for the benefit of, and will be enforceable as a third party beneficiary
by, each present and future holder of ABL Obligations and each present and future ABL Agent. Except as provided in the next sentence, if there is any conflict between the Crossing Lien Intercreditor Agreement and the ABL Documents (as defined in the
Crossing Lien Intercreditor Agreement) or Security Documents (including this Agreement), the Crossing Lien Intercreditor Agreement will control. In matters solely relating to or as between the Secured Parties, if there is any conflict between this
Agreement and the Crossing Lien Intercreditor Agreement, the terms of this Agreement will control. 
 [Remainder of page intentionally left
blank] 

  
 62 

 IN WITNESS WHEREOF, the parties hereto have caused this Collateral Agency Agreement to be
executed by their respective officers or representatives as of the day and year first above written. 
  

					
	GOGO INC.
		
	By:	 	 /s/ Barry Rowan

		 	Name:	 	Barry Rowan
		 	Title:	 	Executive Vice President, Chief
		 		 	Financial Officer and Treasurer
	
	GOGO INTERMEDIATE HOLDINGS LLC
		
	By:	 	 /s/ Barry Rowan

		 	Name:	 	Barry Rowan
		 	 Title:
	 	Executive Vice President, Chief
		 		 	Financial Officer and Treasurer
	
	GOGO FINANCE CO. INC.
		
	By:	 	 /s/ Barry Rowan

		 	Name:	 	Barry Rowan
		 	 Title:
	 	Executive Vice President, Chief
		 		 	Financial Officer, Treasurer and Assistant Secretary
	GOGO BUSINESS AVIATION LLC
		
	By:	 	 /s/ Barry Rowan

		 	Name:	 	Barry Rowan
		 	 Title:
	 	Executive Vice President, Chief
		 		 	Financial Officer and Treasurer
	
	GOGO LLC
		
	By:	 	 /s/ Barry Rowan

		 	Name:	 	Barry Rowan
		 	 Title:
	 	Executive Vice President, Chief
		 		 	Financial Officer and Treasurer

 [Signature Page to Collateral Agency Agreement] 

 
					
	AC BIDCO LLC
		
	By:	 	 /s/ Barry Rowan

		 	Name:	 	Barry Rowan
		 	Title:	 	Executive Vice President, Chief
		 		 	Financial Officer and Treasurer
	
	GOGO INTERNATIONAL HOLDINGS LLC
		
	By:	 	 /s/ Barry Rowan

		 	Name:	 	Barry Rowan
		 	Title:	 	Executive Vice President, Chief
		 		 	Financial Officer and Treasurer
	
	GOGO CONNECTIVITY LTD.
		
	By:	 	 /s/ Barry Rowan

		 	Name:	 	Barry Rowan
		 	Title:	 	Executive Vice President and Chief
		 		 	Financial Officer

 [Signature Page to Collateral Agency Agreement] 

  
 S-2 

 
			
	U.S. BANK NATIONAL ASSOCIATION, as
  Trustee under the Indenture
		
	By:	 	 /s/ Linda Garcia

		 	Name: Linda E. Garcia
		 	Title:   Vice President
	
	 U.S. BANK NATIONAL ASSOCIATION, as

  Collateral Agent

		
	By:	 	 /s/ Linda Garcia

		 	Name: Linda E. Garcia
		 	Title:   Vice President

 [Signature Page to Collateral Agency Agreement] 

  
 S-3 

 [EXHIBIT A to Collateral Agency Agreement] 

[FORM OF] 
 ADDITIONAL
SECURED DEBT DESIGNATION 
 Reference is made to the Collateral Agency Agreement dated as of April 25, 2019 (as amended,
supplemented, amended and restated or otherwise modified and in effect from time to time, the “Collateral Agency Agreement”) among Gogo Inc., a Delaware corporation (the “Parent”), Gogo Intermediate Holdings LLC, a Delaware
limited liability company (the “Company”), Gogo Finance Co. Inc., a Delaware corporation (the “Co-Issuer” and, together with the Company, the “Issuers”), the other Grantors
from time to time party thereto, U.S. Bank National Association, as Trustee under the Indenture (as defined therein) and U.S. Bank National Association, as Collateral Agent. Capitalized terms used but not otherwise defined herein have the meanings
assigned to them in the Collateral Agency Agreement. This Additional Secured Debt Designation is being executed and delivered in order to designate additional secured debt as either Priority Lien Debt or Junior Lien Debt entitled to the benefit of
the Collateral Agency Agreement. 
 The undersigned, the duly appointed [specify title] of the [Issuers] hereby certifies on behalf
of the [Issuers] that: 
 (A) [insert name of the Issuer or other Grantor] intends to incur additional Secured Debt
(“Additional Secured Debt”) which will be [select appropriate alternative] [Priority Lien Debt permitted by each applicable Secured Debt Document to be secured by a Priority Lien equally and ratably with
all previously existing and future Priority Lien Debt] or [Junior Lien Debt permitted by each applicable Secured Debt Document to be secured with a Junior Lien equally and ratably with all previously existing and future Junior Lien Debt]; 

(B) the name and address of the Secured Debt Representative for the Additional Secured Debt for purposes of Section 7.8 of
the Collateral Agency Agreement is: 
  

                    
                                         
    
  

                    
                                         
    
 Telephone: ______________________ 

Fax: ____________________________ 

(C) Each of the Issuers and each other Grantor has duly authorized, executed (if applicable) and recorded (or caused to be
recorded) in each appropriate governmental office all relevant filings and recordations to ensure that the Additional Secured Debt is secured by the Collateral in accordance with the Security Documents; 

  
 EXHIBIT A 

 (D) Attached as Exhibit 1 hereto is a Reaffirmation Agreement duly executed
by the Issuers and each other Grantor and Guarantor, and 
 (E) the Issuers have caused a copy of this Additional Secured
Debt Designation and the related Collateral Agency Joinder to be delivered to each existing Secured Debt Representative. 
 IN WITNESS
WHEREOF, the Issuers have caused this Additional Secured Debt Designation to be duly executed by the undersigned officer as of                 ,
20        . 
  

					
	GOGO INTERMEDIATE HOLDINGS LLC

 
					
		
	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

 
					
	
	GOGO FINANCE CO. INC.

 
					
		
	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

 ACKNOWLEDGEMENT OF RECEIPT 

The undersigned, the duly appointed Collateral Agent under the Collateral Agency Agreement, hereby acknowledges receipt of an executed copy of this Additional
Secured Debt Designation. 
  

					
	[     ], as Collateral Agent
		
	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

  
 S-2 

 EXHIBIT 1 TO ADDITIONAL SECURED DEBT DESIGNATION 

[FORM OF] 
 REAFFIRMATION AGREEMENT

 Reference is made to the Collateral Agency Agreement dated as of April 25, 2019 (as amended, supplemented, amended and restated or
otherwise modified and in effect from time to time, the “Collateral Agency Agreement”) among Gogo Inc., a Delaware corporation (the “Parent”), Gogo Intermediate Holdings LLC, a Delaware limited liability company (the
“Company”), Gogo Finance Co. Inc., a Delaware corporation (the “Co-Issuer” and, together with the Company, the “Issuers”), the other Grantors from time to time party
thereto, U.S. Bank National Association, as Trustee under the Indenture (as defined therein) and U.S. Bank National Association, as Collateral Agent. Capitalized terms used but not otherwise defined herein have the meanings assigned to them in the
Collateral Agency Agreement. This Reaffirmation Agreement is being executed and delivered as of         , 20         in connection with an Additional Secured Debt
Designation of even date herewith which Additional Secured Debt Designation has designated additional secured debt as either Priority Lien Debt or Junior Lien Debt (as described therein) entitled to the benefit of the Collateral Agency Agreement.

 Each of the undersigned hereby consents to the designation of additional secured debt as [Priority/Junior] Lien Debt as set forth in the
Additional Secured Debt Designation of even date herewith and hereby confirms its respective guarantees, pledges, grants of security interests and other obligations, as applicable, under and subject to the terms of each of the [Priority/Junior] Lien
Documents to which it is party, and agrees that, notwithstanding the designation of such additional indebtedness or any of the transactions contemplated thereby, such guarantees, pledges, grants of security interests and other obligations, and the
terms of each [Priority/Junior] Lien Document to which it is a party, are not impaired or adversely affected in any manner whatsoever and shall continue to be in full force and effect and such additional secured debt shall be entitled to all of the
benefits of such [Priority/Junior] Lien Documents. 
 Governing Law and Miscellaneous Provisions. The provisions of Article 7 of
the Collateral Agency Agreement will apply with like effect to this Reaffirmation Agreement. 
 IN WITNESS WHEREOF, each of the undersigned
has caused this Reaffirmation Agreement to be duly executed as of the date written above. 
  

			
	[Names of Grantors and Guarantors]
		
	By:	 	  

		 	Name:
		 	Title:

  
 S-3 

 [EXHIBIT B to Collateral Agency Agreement] 

[FORM OF] 
 COLLATERAL
AGENCY JOINDER – ADDITIONAL DEBT 
 Reference is made to the Collateral Agency Agreement dated as of April 25, 2019 (as
amended, supplemented, amended and restated or otherwise modified and in effect from time to time, the “Collateral Agency Agreement”) among Gogo Inc., a Delaware corporation (the “Parent”), Gogo Intermediate Holdings LLC, a
Delaware limited liability company (the “Company”), Gogo Finance Co. Inc., a Delaware corporation (the “Co-Issuer” and, together with the Company, the “Issuers”), the other
Grantors from time to time party thereto, U.S. Bank National Association, as Trustee under the Indenture (as defined therein) and U.S. Bank National Association, as Collateral Agent. Capitalized terms used but not otherwise defined herein have the
meanings assigned to them in the Collateral Agency Agreement. This Collateral Agency Joinder is being executed and delivered pursuant to Section 3.8 of the Collateral Agency Agreement as a condition precedent to the debt for which the
undersigned is acting as agent being entitled to the benefits of being additional secured debt under the Collateral Agency Agreement. 
 1.
Joinder. The undersigned,                     , a
                    , (the “New Representative”) as [trustee, administrative agent] under that certain [described applicable credit
agreement, indenture or other document governing the additional secured debt] hereby agrees to become party as [a Junior Lien Representative] [a Priority Lien Representative] under the Collateral Agency Agreement for all purposes thereof on the
terms set forth therein, and to be bound by the terms of the Collateral Agency Agreement as fully as if the undersigned had executed and delivered the Collateral Agency Agreement as of the date thereof. 

2. Lien Sharing and Priority Confirmation. 

[Option A: to be used if Additional Debt is Junior Lien Debt] The undersigned New Representative, on behalf of
itself and each holder of Obligations in respect of the Series of Junior Lien Debt for which the undersigned is acting as Junior Lien Representative hereby agrees, for the enforceable benefit of all holders of each current and future Series of
Priority Lien Debt and Junior Lien Debt, each current and future Priority Lien Representative, each other current and future Junior Lien Representative and each current and future Priority Lien Secured Party and Junior Lien Obligations and as a
condition to being treated as Secured Debt under the Collateral Agency Agreement that: 
 (a) as provided by Section 2.9
of the Collateral Agency Agreement, all Junior Lien Obligations will be and are secured equally and ratably by all Junior Liens at any time granted by the Issuers or any other Grantor to secure any Obligations in respect of any Series of Junior Lien
Debt, whether or not upon property otherwise constituting collateral for such Series of Junior Lien Debt, and that all such Junior Liens will be enforceable by the Collateral Agent for the benefit of all Junior Lien Secured Party equally and
ratably; provided, however, 

  
 S-4 

 
that notwithstanding the foregoing, (x) this provision will not be violated with respect to any particular Collateral and any particular Series of Junior Lien Debt if the Secured Debt
Documents in respect thereof prohibit the applicable Junior Lien Representative from accepting the benefit of a Lien on any particular asset or property or such Junior Lien Representative otherwise expressly declines in writing to accept the benefit
of a Lien on such asset or property and (y) this provision will not be violated with respect to any particular Hedging Obligations or Bank Product Obligations if the Hedge Agreement or Bank Product Agreement prohibit the applicable Hedge
Provider or Bank Product Provider from accepting the benefit of a Lien on any particular asset or property or such Hedge Provider or Bank Product Provider otherwise expressly declines in writing to accept the benefit of a Lien on such asset or
property; 
 (b) the New Representative and each holder of Obligations in respect of the Series of Junior Lien Debt for which
the undersigned is acting as Junior Lien Representative are bound by the provisions of this Agreement, including the provisions relating to the ranking of Junior Liens and the order of application of proceeds from the enforcement of Junior Liens;
and 
 (c) the Collateral Agent shall perform its obligations under the Collateral Agency Agreement and the other Security
Documents. [or] 
 [Option B: to be used if Additional Debt is Priority Lien Debt] The undersigned New Representative, on
behalf of itself and each holder of Obligations in respect of the Series of Priority Lien Debt for which the undersigned is acting as Priority Lien Representative hereby agrees, for the enforceable benefit of all holders of each existing and future
Series of Priority Lien Debt and Junior Lien Debt, each current and future Junior Lien Representative, each other existing and future Priority Lien Representative and each current and future Priority Lien Secured Party and Junior Lien Obligations
and as a condition to being treated as Secured Debt under the Collateral Agency Agreement that: 
 (a) as provided by
Section 2.9 of the Collateral Agency Agreement, all Priority Lien Obligations will be and are secured equally and ratably by all Priority Liens at any time granted by the Issuers or any other Grantor to secure any Obligations in respect of any
Series of Priority Lien Debt, whether or not upon property otherwise constituting collateral for such Series of Priority Lien Debt, and that all such Priority Liens will be enforceable by the Collateral Agent for the benefit of all Priority Lien
Secured Parties equally and ratably provided however, that notwithstanding the foregoing, (x) this provision will not be violated with respect to any particular Collateral and any particular Series of Priority Lien Debt if the Secured Debt
Documents in respect thereof prohibit the applicable Priority Lien Representative from accepting the benefit of a Lien on any particular asset or property or such Priority Lien Representative otherwise expressly declines in writing to accept the
benefit of a Lien on such asset or property and (y) this provision will not be violated with respect to any particular Hedging Obligations or Bank Product Obligations if the Hedge Agreement or Bank Product Agreement prohibit the applicable
Hedge Provider or Bank Product Provider from accepting the benefit of a Lien on any particular asset or property or such Hedge Provider or Bank Product Provider otherwise expressly declines in writing to accept the benefit of a Lien on such asset or
property; 

  
 S-5 

 (b) the New Representative and each holder of Obligations in respect of the
Series of Priority Lien Debt for which the undersigned is acting as Priority Lien Representative are bound by the provisions of this Agreement and the Crossing Lien Intercreditor Agreement, including the provisions relating to the ranking of
Priority Liens and the order of application of proceeds from the enforcement of Priority Liens; and 
 (c) the Collateral
Agent shall perform its obligations under the Collateral Agency Agreement and the other Security Documents.] 
 3. Governing Law and
Miscellaneous Provisions. The provisions of Article 7 of the Collateral Agency Agreement will apply with like effect to this Collateral Agency Joinder. 

IN WITNESS WHEREOF, the parties hereto have caused this Collateral Agency Joinder to be executed by their respective officers or
representatives as of                             , 20        . 

 

					
	[Insert Name of the New Representative]
		
	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

 The Collateral Agent hereby acknowledges receipt of this Collateral Agency Joinder and agrees to act as Collateral Agent
for the New Representative and the holders of the Obligations represented thereby: 
  

					
	[     ], as Collateral Agent
		
	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

  
 S-6 

 [EXHIBIT C 

to Collateral Agency Agreement] 

[FORM OF] 
 COLLATERAL
AGENCY JOINDER – ADDITIONAL GRANTOR 
 Reference is made to the Collateral Agency Agreement dated as of April 25, 2019 (as
amended, supplemented, amended and restated or otherwise modified and in effect from time to time, the “Collateral Agency Agreement”) among Gogo Intermediate Holdings LLC, a Delaware limited liability company (the
“Company”), Gogo Finance Co. Inc, a Delaware corporation (Co-Issuer and, together with the Company, the “Issuers”), the Grantors from time to time party thereto, U.S. Bank National
Association, as Trustee under the Indenture (as defined therein) and U.S. Bank National Association, as Collateral Agent. Capitalized terms used but not otherwise defined herein have the meanings assigned to them in the Collateral Agency Agreement.
This Collateral Agency Joinder is being executed and delivered pursuant to Section 7.21 of the Collateral Agency Agreement. 
 1.
Joinder. The undersigned,                 , a                 , hereby agrees to
become party as a Grantor under the Collateral Agency Agreement for all purposes thereof on the terms set forth therein, and to be bound by the terms of the Collateral Agency Agreement as fully as if the undersigned had executed and delivered the
Collateral Agency Agreement as of the date thereof. 
 2. Governing Law and Miscellaneous Provisions. The provisions of Article 7
of the Collateral Agency Agreement will apply with like effect to this Collateral Agency Joinder. 
 3. [The undersigned New Representative,
on behalf of itself and each holder of Obligations in respect of the Series of [Priority Lien][Junior Lien] Debt for which the undersigned is acting as [Priority Lien][Junior Lien] Representative hereby acknowledges and consents to the terms and
provisions of the Crossing Lien Intercreditor Agreement, and acknowledges and agrees that the Crossing Lien Intercreditor Agreement governs Lien sharing and priority as between the ABL Agent (as defined in the Crossing Lien Intercreditor Agreement)
and ABL Secured Parties (as defined in the Crossing Lien Intercreditor Agreement) on the one hand, and the Secured Parties (including the undersigned New Representative and each holder of Obligations in respect of the Series of [Priority
Lien][Junior Lien] Debt for which the undersigned is acting as [Priority Lien][Junior Lien] Representative) on the other hand, and that the Liens on ABL Priority Collateral (as defined in the Crossing Lien Intercreditor Agreement) that secure all or
any portion of any Secured Obligations in each case, whether by grant, possession, statute, operation of law, subrogation or otherwise, are subject and subordinate to any Liens on ABL Priority Collateral securing the ABL Obligations (as defined in
the Crossing Lien Intercreditor Agreement). This Section 3 is intended for the benefit of, and will be enforceable as a third party beneficiary by, each present and future holder of ABL Obligations and each present and future ABL Agent.]1 
  

	1 	 To be included if ABL Obligations have been incurred. 

  
 S-7 

 IN WITNESS WHEREOF, the parties hereto have caused this Collateral Agency Joinder to be
executed by their respective officers or representatives as of                 , 20        . 

 

					
	[___________________________________]

 
					
		
	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

 The Collateral Agent hereby acknowledges receipt of this Collateral Agency Joinder and agrees to act as Collateral Agent
with respect to the Collateral pledged by the new Grantor: 
  

					
	[     ], as Collateral Agent
		
	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

  
 S-8 

 [EXHIBIT D 

to Collateral Agency Agreement] 

[FORM OF] 
 ADDITIONAL
SECURED OBLIGATION DESIGNATION 
 Reference is made to the Collateral Agency Agreement dated as of April 25, 2019 (as amended,
supplemented, amended and restated or otherwise modified and in effect from time to time, the “Collateral Agency Agreement”) among Gogo Inc., a Delaware corporation (the “Parent”), Gogo Intermediate Holdings LLC, a Delaware
limited liability company (the “Company”), Gogo Finance Co. Inc., a Delaware corporation (the “Co-Issuer” and, together with the Company, the “Issuers”), the other Grantors
from time to time party thereto, U.S. Bank National Association, as Trustee under the Indenture (as defined therein) and U.S. Bank National Association, as Collateral Agent. Capitalized terms used but not otherwise defined herein have the meanings
assigned to them in the Collateral Agency Agreement. This Additional Secured Obligation Designation is being executed and delivered in order to designate [Hedging Obligations] [Bank Product Obligations] as [Priority Lien Obligations][Junior Lien
Obligations] entitled to the benefit of the Collateral Agency Agreement. 
 The undersigned, the duly appointed [specify title] of
the Issuers hereby certifies on behalf of the Issuers that: 
  

	 	(a)	 [insert name of relevant Grantor] intends to incur [Hedging Obligations][Bank Product Obligations]
pursuant to the following agreement: [describe Hedge Agreement, Swap Transaction or Bank Product Agreement] which will be [Priority Lien Obligations][Junior Lien Obligations] and are permitted by each applicable Secured Debt Document;

  

	 	(b)	 the name and address of the [Hedge Provider][Bank Product Provider] is: 

 

                    
                                         
    
  

                    
                                         
    
 Telephone: ______________________ 

Fax: ____________________________ 
  

	 	(c)	 Each of the Issuers and each other Grantor has duly authorized, executed (if applicable) and recorded (or
caused to be recorded) in each appropriate governmental office all relevant filings and recordations to ensure that such [Hedge Obligations][Bank Product Obligations] are secured by the Collateral in accordance with the Security Documents, and

  

	 	(d)	 the Issuers have caused a copy of this Additional Secured Debt Designation and the related Collateral Agency
Joinder to be delivered to each existing Secured Debt Representative. 

  
 S-9 

 IN WITNESS WHEREOF, the Issuers have caused this Additional Secured Obligation Designation
to be duly executed by the undersigned officer as of                 , 20        . 

 

					
	GOGO INTERMEDIATE HOLDINGS LLC

 
					
		
	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

 
					
	
	GOGO FINANCE CO. INC.

 
					
		
	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

 ACKNOWLEDGEMENT OF RECEIPT 

The undersigned, the duly appointed Collateral Agent under the Collateral Agency Agreement, hereby acknowledges receipt of an executed copy of this Additional
Secured Obligation Designation. 
  

					
	[     ], as Collateral Agent
		
	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

  
 S-10 

 [EXHIBIT E 

to Collateral Agency Agreement] 

[FORM OF] 
 COLLATERAL
AGENCY JOINDER – ADDITIONAL SECURED OBLIGATIONS 
 OTHER THAN FUNDED DEBT 

Reference is made to the Collateral Agency Agreement dated as of April 25, 2019 (as amended, supplemented, amended and restated or
otherwise modified and in effect from time to time, the “Collateral Agency Agreement”) among Gogo Inc., a Delaware corporation (the “Parent”), Gogo Intermediate Holdings LLC, a Delaware limited liability company (the
“Company”), Gogo Finance Co. Inc., a Delaware corporation (the “Co-Issuer” and, together with the Company, the “Issuers”), the other Grantors from time to time party
thereto, U.S. Bank National Association, as Trustee under the Indenture (as defined therein) and U.S. Bank National Association, as Collateral Agent. Capitalized terms used but not otherwise defined herein have the meanings assigned to them in the
Collateral Agency Agreement. This Collateral Agency Joinder is being executed and delivered pursuant to Section 3.9 of the Collateral Agency Agreement as a condition precedent to the debt for which the undersigned is acting as agent being
entitled to the benefits of being [Priority Lien Obligations] [Junior Lien Obligations] under the Collateral Agency Agreement. 
 1.
Joinder. The undersigned,                 , a                 , (the “New
Secured Party”) as a [Hedge Provider] [Bank Product Provider] under that certain [describe applicable Hedge Agreement, Swap Transaction or Bank Product Agreement] hereby agrees to become party as Secured Party under the Collateral Agency
Agreement for all purposes thereof on the terms set forth therein, and to be bound by the terms of the Collateral Agency Agreement as fully as if the undersigned had executed and delivered the Collateral Agency Agreement as of the date thereof. 

2. Lien Sharing and Priority Confirmation. 

The undersigned New Secured Party hereby agrees, for the enforceable benefit of each current and future Priority Lien Representative, each
current and future Junior Lien Representative, each current and future Priority Lien Secured Party and each current and future Junior Lien Secured Party and as a condition to being treated as Secured Debt under the Collateral Agency Agreement that:

 (a) all [Priority Lien Obligations] [Junior Lien Obligations] will be and are secured equally and ratably by all [Priority
Liens] [Junior Liens] at any time granted by the Issuers or any other Grantor to secure any Obligations in respect of any Series of [Priority Lien Debt] [Junior Lien Debt], whether or not upon property otherwise constituting collateral for such
Series of [Priority Lien Debt] [Junior Lien Debt], and that all such [Priority Liens] [Junior Liens] will be enforceable by the Collateral Agent for the benefit of all [Priority Lien Secured Parties] [Junior Lien Secured Parties] equally and
ratably; 

  
 S-11 

 (b) the New Representative and each holder of Obligations in respect of the
Series of [Priority Lien Debt] [Junior Lien Debt] for which the undersigned is acting as [Priority Lien Representative] [Junior Lien Representative] are bound by the provisions of this Agreement and the Crossing Lien Intercreditor Agreement,
including the provisions relating to the ranking of [Priority Liens] [Junior Liens] and the order of application of proceeds from the enforcement of [Priority Liens] [Junior Liens]; and 

(c) the Collateral Agent shall perform its obligations under the Collateral Agency Agreement and the other Security Documents.

 3. Governing Law and Miscellaneous Provisions. The provisions of Article 7 of the Collateral Agency Agreement will apply with
like effect to this Collateral Agency Joinder. 
 4. [The undersigned New Representative, on behalf of itself and each holder of Obligations
in respect of the Series of [Priority Lien][Junior Lien] Debt for which the undersigned is acting as [Priority Lien][Junior Lien] Representative hereby acknowledges and consents to the terms and provisions of the Crossing Lien Intercreditor
Agreement, and acknowledges and agrees that the Crossing Lien Intercreditor Agreement governs Lien sharing and priority as between the ABL Agent (as defined in the Crossing Lien Intercreditor Agreement) and ABL Secured Parties (as defined in the
Crossing Lien Intercreditor Agreement) on the one hand, and the Secured Parties (including the undersigned New Representative and each holder of Obligations in respect of the Series of [Priority Lien][Junior Lien] Debt for which the undersigned is
acting as [Priority Lien][Junior Lien] Representative) on the other hand, and that the Liens on ABL Priority Collateral (as defined in the Crossing Lien Intercreditor Agreement) that secure all or any portion of any Secured Obligations in each case,
whether by grant, possession, statute, operation of law, subrogation or otherwise, are subject and subordinate to any Liens on ABL Priority Collateral securing the ABL Obligations (as defined in the Crossing Lien Intercreditor Agreement). This
Section 3 is intended for the benefit of, and will be enforceable as a third party beneficiary by, each present and future holder of ABL Obligations and each present and future ABL Agent.]2

 IN WITNESS WHEREOF, the parties hereto have caused this Collateral Agency Joinder to be executed by their respective officers or
representatives as of                     , 20            . 

 

					
	[Insert Name of the New Secured Party]

 
					
		
	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

  
  

	2 	 To be included if ABL Obligations have been incurred. 

  
 S-12 

 The Collateral Agent hereby acknowledges receipt of this Collateral Agency Joinder and agrees to act as
Collateral Agent for the New Secured Party: 
  

					
	[     ], as Collateral Agent
		
	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

  
 S-13

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