Document:

EX-4.1

 EXHIBIT 4.1 

EXECUTION VERSION 
  

 
  

J. C. PENNEY CORPORATION, INC., 

as Issuer, 
 the GUARANTORS party
hereto 
 AND 
 WILMINGTON
TRUST, NATIONAL ASSOCIATION, 
 as Trustee 

$500,000,000 5.875% Senior Secured Notes due 2023 
  

 
 INDENTURE 

Dated as of June 23, 2016 
  

 
  

 
  

 Table of Contents 

 

							
	 	 	 	  	Page	 
	ARTICLE I	  
	
	DEFINITIONS AND INCORPORATION BY REFERENCE	  
			
	 SECTION 1.1.
	 	 Definitions
	  	 	1	  
	 SECTION 1.2.
	 	 Other Definitions
	  	 	21	  
	 SECTION 1.3.
	 	 Rules of Construction
	  	 	22	  
	 SECTION 1.4.
	 	 Inapplicability of the Trust Indenture Act
	  	 	23	  
	
	ARTICLE II	  
	
	THE NOTES	  
			
	 SECTION 2.1.
	 	 Form, Dating and Terms
	  	 	23	  
	 SECTION 2.2.
	 	 Execution and Authentication
	  	 	27	  
	 SECTION 2.3.
	 	 Registrar and Paying Agent
	  	 	28	  
	 SECTION 2.4.
	 	 Paying Agent to Hold Money in Trust
	  	 	28	  
	 SECTION 2.5.
	 	 Holder Lists
	  	 	28	  
	 SECTION 2.6.
	 	 Transfer and Exchange
	  	 	29	  
	 SECTION 2.7.
	 	 Mutilated, Destroyed, Lost or Stolen Notes
	  	 	32	  
	 SECTION 2.8.
	 	 Outstanding Notes
	  	 	32	  
	 SECTION 2.9.
	 	 Temporary Notes
	  	 	33	  
	 SECTION 2.10.
	 	 Cancellation
	  	 	33	  
	 SECTION 2.11.
	 	 Payment of Interest; Defaulted Interest
	  	 	33	  
	 SECTION 2.12.
	 	 CUSIP and ISIN Numbers
	  	 	34	  
	
	ARTICLE III	  
	
	COVENANTS	  
			
	 SECTION 3.1.
	 	 Payment of Notes
	  	 	34	  
	 SECTION 3.2.
	 	 Maintenance of Office or Agency
	  	 	34	  
	 SECTION 3.3.
	 	 Stay, Extension and Usury Laws
	  	 	35	  
	 SECTION 3.4.
	 	 Compliance Certificate
	  	 	35	  
	 SECTION 3.5.
	 	 Limitation on Asset Dispositions
	  	 	35	  
	 SECTION 3.6.
	 	 Limitation on Liens
	  	 	38	  
	 SECTION 3.7.
	 	 Limitation on Sale and Lease-Back Transactions
	  	 	38	  
	 SECTION 3.8.
	 	 Subsidiaries
	  	 	38	  
	 SECTION 3.9.
	 	 Change of Control
	  	 	38	  
	 SECTION 3.10.
	 	 Reports
	  	 	40	  
	 SECTION 3.11.
	 	 Post-Closing Collateral Matters
	  	 	40	  
	 SECTION 3.12.
	 	 Statement by Officers as to Default
	  	 	40	  
	
	ARTICLE IV	  
	
	CONSOLIDATION, MERGER OR SALE OF ASSETS	  
			
	 SECTION 4.1.
	 	 Consolidation, Merger or Sale of Assets
	  	 	40	  
	 SECTION 4.2.
	 	 Successor Corporation Substituted
	  	 	41	  

  
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	 	 	 	  	Page	 
	ARTICLE V	  
	
	REDEMPTION OF SECURITIES	  
			
	 SECTION 5.1.
	 	 Notices and Opinions to Trustee
	  	 	41	  
	 SECTION 5.2.
	 	 Selection of Notes to Be Redeemed or Purchased
	  	 	42	  
	 SECTION 5.3.
	 	 Notice of Redemption
	  	 	42	  
	 SECTION 5.4.
	 	 Effect of Notice of Redemption
	  	 	43	  
	 SECTION 5.5.
	 	 Deposit of Redemption Price
	  	 	43	  
	 SECTION 5.6.
	 	 Notes Redeemed in Part
	  	 	43	  
	 SECTION 5.7.
	 	 Optional Redemption
	  	 	43	  
	 SECTION 5.8.
	 	 Mandatory Redemption
	  	 	44	  
	
	ARTICLE VI	  
	
	DEFAULTS AND REMEDIES	  
			
	 SECTION 6.1.
	 	 Events of Default
	  	 	45	  
	 SECTION 6.2.
	 	 Acceleration
	  	 	46	  
	 SECTION 6.3.
	 	 Other Remedies
	  	 	47	  
	 SECTION 6.4.
	 	 Waiver of Past or Existing Defaults
	  	 	47	  
	 SECTION 6.5.
	 	 Control by Majority
	  	 	47	  
	 SECTION 6.6.
	 	 Limitation on Suits
	  	 	47	  
	 SECTION 6.7.
	 	 Rights of Holders to Receive Payment
	  	 	48	  
	 SECTION 6.8.
	 	 Collection Suit by Trustee
	  	 	48	  
	 SECTION 6.9.
	 	 Trustee May File Proofs of Claim
	  	 	48	  
	 SECTION 6.10.
	 	 Priorities
	  	 	48	  
	 SECTION 6.11.
	 	 Undertaking for Costs
	  	 	49	  
	
	ARTICLE VII	  
	
	TRUSTEE	  
			
	 SECTION 7.1.
	 	 Duties of Trustee
	  	 	49	  
	 SECTION 7.2.
	 	 Rights of Trustee
	  	 	50	  
	 SECTION 7.3.
	 	 Individual Rights of Trustee
	  	 	51	  
	 SECTION 7.4.
	 	 Trustee’s Disclaimer
	  	 	51	  
	 SECTION 7.5.
	 	 Notice of Defaults
	  	 	51	  
	 SECTION 7.6.
	 	 [Reserved]
	  	 	51	  
	 SECTION 7.7.
	 	 Compensation and Indemnity
	  	 	51	  
	 SECTION 7.8.
	 	 Replacement of Trustee
	  	 	52	  
	 SECTION 7.9.
	 	 Successor Trustee by Merger
	  	 	52	  
	 SECTION 7.10.
	 	 Eligibility; Disqualification
	  	 	53	  
	 SECTION 7.11.
	 	 Collateral Documents; Intercreditor Agreements
	  	 	53	  
	
	ARTICLE VIII	  
	
	DEFEASANCE AND DISCHARGE PRIOR TO MATURITY	  
			
	 SECTION 8.1.
	 	 Option to Effect Defeasance
	  	 	53	  
	 SECTION 8.2.
	 	 Defeasance and Discharge
	  	 	53	  
	 SECTION 8.3.
	 	 Conditions to Defeasance
	  	 	54	  
	 SECTION 8.4.
	 	 Deposited Money and U.S. Government Obligations to be Held in Trust; Other Miscellaneous
Provisions
	  	 	54	  
	 SECTION 8.5.
	 	 Repayment to the Issuer
	  	 	55	  
	 SECTION 8.6.
	 	 Reinstatement
	  	 	55	  

  
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	 	 	 	  	Page	 
	ARTICLE IX	  
	
	AMENDMENTS	  
			
	 SECTION 9.1.
	 	 Without Consent of Holders
	  	 	55	  
	 SECTION 9.2.
	 	 With Consent of Holders
	  	 	56	  
	 SECTION 9.3.
	 	 [Reserved]
	  	 	57	  
	 SECTION 9.4.
	 	 Revocation and Effect of Consents and Waivers
	  	 	57	  
	 SECTION 9.5.
	 	 Notation on or Exchange of Notes
	  	 	58	  
	 SECTION 9.6.
	 	 Trustee to Sign Amendments
	  	 	58	  
	
	ARTICLE X	  
	
	GUARANTEE	  
			
	 SECTION 10.1.
	 	 Guarantee
	  	 	58	  
	 SECTION 10.2.
	 	 Limitation on Liability; Termination, Release and Discharge
	  	 	60	  
	 SECTION 10.3.
	 	 Right of Contribution
	  	 	60	  
	 SECTION 10.4.
	 	 No Subrogation
	  	 	61	  
	
	ARTICLE XI	  
	
	SATISFACTION AND DISCHARGE	  
			
	 SECTION 11.1.
	 	 Satisfaction and Discharge
	  	 	61	  
	 SECTION 11.2.
	 	 Application of Trust Money
	  	 	62	  
	
	ARTICLE XII	  
	
	COLLATERAL	  
			
	 SECTION 12.1.
	 	 Collateral Documents
	  	 	62	  
	 SECTION 12.2.
	 	 Release or Subordination of Liens on the Collateral
	  	 	63	  
	
	ARTICLE XIII	  
	
	MISCELLANEOUS	  
			
	 SECTION 13.1.
	 	 Notices
	  	 	64	  
	 SECTION 13.2.
	 	 [Reserved]
	  	 	65	  
	 SECTION 13.3.
	 	 Certificate and Opinion as to Conditions Precedent.
	  	 	65	  
	 SECTION 13.4.
	 	 Statements Required in Certificate or Opinion
	  	 	65	  
	 SECTION 13.5.
	 	 When Notes Disregarded
	  	 	65	  
	 SECTION 13.6.
	 	 Rules by Trustee, Paying Agent and Registrar
	  	 	66	  
	 SECTION 13.7.
	 	 Legal Holidays
	  	 	66	  
	 SECTION 13.8.
	 	 Governing Law
	  	 	66	  
	 SECTION 13.9.
	 	 Jurisdiction
	  	 	66	  
	 SECTION 13.10.
	 	 Waivers of Jury Trial
	  	 	66	  
	 SECTION 13.11.
	 	 USA PATRIOT Act
	  	 	66	  
	 SECTION 13.12.
	 	 No Recourse Against Others
	  	 	66	  
	 SECTION 13.13.
	 	 Successors
	  	 	66	  
	 SECTION 13.14.
	 	 Multiple Originals
	  	 	67	  
	 SECTION 13.15.
	 	 Table of Contents; Headings
	  	 	67	  
	 SECTION 13.16.
	 	 Force Majeure
	  	 	67	  
	 SECTION 13.17.
	 	 Severability
	  	 	67	  

  
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	 EXHIBIT A
	  	 Form of Global Restricted Note

	 EXHIBIT B
	  	 Form of Supplemental Indenture

	 EXHIBIT C
	  	 Form of Certificate to be Delivered in Connection with Transfers Pursuant to
Regulation S

  
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 INDENTURE, dated as of June 23, 2016, among J. C. PENNEY CORPORATION, INC., a Delaware
corporation (the “Issuer”), the Guarantors party hereto from time to time and WILMINGTON TRUST, NATIONAL ASSOCIATION, a national banking association, as trustee (in such capacity, the “Trustee”). 

W I T N E S S E T H: 

WHEREAS, the Issuer and the Guarantors have duly authorized the execution and delivery of this Indenture to provide for the issuance and
guarantee, respectively, of (i) the Issuer’s $500,000,000 5.875% Senior Secured Notes due 2023 (the “Initial Notes”), as issued on the date hereof, and (ii) any additional 5.875% Senior Secured Notes due 2023 issued
pursuant to this Indenture (the “Additional Notes,” and together with the Initial Notes, the “Notes” or the “Securities”) from time to time after the Issue Date. 

NOW, THEREFORE, in consideration of the purchase of the Notes by the Holders thereof, it is mutually covenanted and agreed, for the equal and
proportionate benefit of all Holders, as follows: 
 ARTICLE I 

DEFINITIONS AND INCORPORATION BY REFERENCE 

SECTION 1.1. Definitions. 

“1994 Indenture” means the Indenture, dated as of April 1, 1994, between Holdings and Bank of America National Trust and
Savings Association, as amended by a first supplemental indenture, dated as of January 27, 2002 between Holdings and U.S. Bank National Association, and a second supplemental indenture, dated as of July 26, 2002, by and among Holdings, the
Issuer and U.S. Bank National Association, as the same may be amended, restated, supplemented, replaced or otherwise modified from time to time. 

“ABL Collateral Agent” means the “ABL Agent” (as defined in the ABL Intercreditor Agreement). 

“ABL Credit Agreement” has the meaning set forth in the ABL Intercreditor Agreement. 

“ABL Intercreditor Agreement” means that certain Intercreditor and Collateral Cooperation Agreement, dated the Issue Date,
among the ABL Collateral Agent, the Collateral Agent, the Issuer, the Guarantors party thereto and the other parties thereto from time to time. 

“ABL Lender” means each lender from time to time party to the ABL Credit Agreement. 

“ABL Loan Documents” has the meaning set forth in the ABL Intercreditor Agreement. 

“ABL Secured Obligations” means the “First Priority Obligations” (as defined in the ABL Intercreditor Agreement).

 “ABL Secured Obligations Payment Date” means the First Priority Obligations Payment Date” (as defined in the ABL
Intercreditor Agreement). 
 “ABL Secured Parties” has the meaning set forth in the ABL Intercreditor Agreement. 

“Additional Notes” has the meaning set forth in the first recital paragraph of this Indenture. 

“Affiliate” means, with respect to a specified Person, another Person that directly, or indirectly through one or more
intermediaries, Controls or is Controlled by or is under common Control with the Person specified. 
 “Applicable Authorized
Representative” has the meaning given to such term in the Pari Passu Intercreditor Agreement. 

 “Appraised Value” of any Real Estate Asset subject to a Mortgage in favor of the
Collateral Agent shall mean the appraised value (determined based on an “estimated market rent” valuation methodology) thereof as determined pursuant to an appraisal conducted by Cushman & Wakefield or any other appraiser of
nationally recognized standing that is not an Affiliate of the Issuer that is selected by the Issuer; provided that such appraisal has been conducted within twelve months of the date of determination of the Collateral Coverage Ratio. 

“Asset Disposition” means: 

(a) the sale, conveyance, transfer or other disposition, whether in a single transaction or a series of related transactions,
of (i) Term Loan/Notes Exclusive Collateral or (ii) any Issue Date Material Real Estate Asset (including by way of a Sale/Leaseback Transaction) of Holdings or any of its Subsidiaries (in each case other than Equity Interests of Holdings)
(each referred to in this definition as a “disposition”); or 
 (b) the issuance or sale of Equity Interests
of any Subsidiary of Holdings, whether in a single transaction or a series of related transactions; 
 in each case, other than: 

(1) dispositions to Holdings or any of its Subsidiaries or any of its Excluded Subsidiaries (other than dispositions of Issue
Date Material Real Estate Assets to a Subsidiary that is not a Guarantor); 
 (2) any merger, consolidation or disposition of
all or substantially all of the assets of the Issuer in a transaction governed by the provisions described under Article IV or any transaction constituting a “Change of Control”; 

(3) dispositions of inventory and used or surplus equipment, in each case, in the ordinary course of business, and dispositions
of cash, cash equivalents and other Permitted Investments; 
 (4) disposals of inventory pursuant to promotional or similar
activities in the ordinary course of business; 
 (5) dispositions in the ordinary course of business of property no longer
used or useful in the conduct of the business of Holdings and the Subsidiaries or property that is otherwise damaged, worn-out or no longer economically practicable to maintain, in the judgment of the Issuer (other than Issue Date Material Real
Estate Assets); 
 (6) any issuance of Equity Interests by, or disposition of Equity Interests of, any Subsidiary that is not
a Material Subsidiary, or as part of or pursuant to an equity incentive or compensation plan approved by the Board of Directors, including the issuance of directors’ qualifying shares; 

(7) (i) any exchange of real property pursuant to or intended to qualify under Section 1031 (or any successor section) of
the Internal Revenue Code; provided that the fair market value of properties sold pursuant to this clause (7)(i) for which a Mortgage in favor of the Collateral Agent has not been granted on the property received in the exchange shall
not exceed $75,000,000 at any time or (ii) dispositions of equipment in the ordinary course of business to the extent that (x) such equipment is exchanged for credit against the purchase price of similar replacement equipment or
(y) the proceeds of such disposition are promptly applied to the purchase price of such replacement equipment; 
 (8)
dispositions in connection with, or the granting of, Permitted Liens or other Liens not prohibited by Section 3.6; 

(9) bulk sales or other dispositions of inventory of Holdings or a Subsidiary not in the ordinary course of business in
connection with store closings; 

  
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 (10) the licensing or sub-licensing of intellectual property or other general
intangibles and licenses, sub-licenses, leases or subleases of other property (including the provision of software under an open source license), in each case, (A) in the ordinary course of business or consistent with past practice or
(B) in connection with the discontinuance of the operations of any real property (including all buildings, fixtures or other improvements located thereon) now, hereafter or heretofore owned, leased, operated or used by Holdings or any of its
Subsidiaries or any of their respective predecessors or Affiliates no longer deemed by Holdings or any Subsidiary, as applicable, to be useful in the conduct of the business of Holdings or any Subsidiary, taken as a whole; 

(11) foreclosure, condemnation or any similar action with respect to any property or other assets or pursuant to buy/sell
arrangements under any joint venture or similar agreement or arrangement; 
 (12) the sale or discount (with or without
recourse, and on customary or commercially reasonable terms and for credit management purposes) of accounts receivable or notes receivable arising in the ordinary course of business or consistent with past practice, or the conversion or exchange of
accounts receivable for notes receivable and dispositions of accounts receivable in connection with the collection or compromise thereof; 

(13) any disposition of Equity Interests of a Subsidiary of Holdings pursuant to an agreement or other obligation with or to a
Person (other than Holdings or a Subsidiary of Holdings) from whom such Subsidiary was acquired, or from whom such Subsidiary acquired its business and assets (having been newly formed in connection with such acquisition), made as part of such
acquisition and in each case comprising all or a portion of the consideration in respect of such sale or acquisition; 
 (14)
any surrender or waiver of contract rights or the settlement, release, sale, assignment or surrender of contract, tort or other claims of any kind or rights to receive payments with respect to any such claims; 

(15) the unwinding of any Hedging Obligations; 

(16) any voluntary termination of any (or any portion of any) real property lease, sublease or other occupancy agreement in the
ordinary course of business or in connection with the discontinuance of the operations of any real property (including all buildings, fixtures or other improvements located thereon) now, hereafter or heretofore owned, leased, operated or used by
Holdings or any of its Subsidiaries or any of their respective predecessors or Affiliates no longer deemed by Holdings or any Subsidiary of Holdings, as applicable, to be useful in the conduct of the business; 

(17) a disposition of the condominium within the Overland Park, Kansas store to the developer thereof for payment of nominal
consideration; 
 (18) the lapse or abandonment or other disposition of patents, trademarks or other intellectual property
that are, in the reasonable judgment of the Issuer, no longer economically practicable to maintain or useful in the conduct of the business of Holdings and its Subsidiaries taken as a whole; 

(19) sales, transfers or dispositions pursuant to clause (a) of Section 3.7; and 

(20) any other disposition involving Term Loan/Notes Exclusive Collateral or Issue Date Material Real Estate Assets with a fair
market value (as determined in good faith by the Issuer) that does not exceed $5,000,000 in any Fiscal Year. 
 “Authorized
Representative” has the meaning set forth in the Pari Passu Intercreditor Agreement. 
 “Bankruptcy Code” means
Title 11 of the United States Code entitled “Bankruptcy,” as now and hereafter in effect, or any successor statute or any similar federal or state law for the relief of debtors. 

  
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 “Board of Directors” means (1) with respect to the Issuer or any
corporation, the board of directors or managers, as applicable, of the corporation, or any duly authorized committee thereof; (2) with respect to any partnership, the board of directors or other governing body of the general partner of the
partnership or any duly authorized committee thereof; and (3) with respect to any other Person, the board or any duly authorized committee of such Person serving a similar function. Whenever any provision requires any action or determination to
be made by, or any approval of, a Board of Directors, such action, determination or approval shall be deemed to have been taken or made if approved by a majority of the directors on any such Board of Directors (whether or not such action or approval
is taken as part of a formal board meeting or as a formal board approval). 
 “Business Day” means each day that is not a
Saturday, Sunday or other day on which banking institutions in New York, New York, United States or the jurisdiction of the place of payment are authorized or required by law to close. 

“Capital Lease Obligations” of any Person means the obligations of such Person to pay rent or other amounts under any lease
of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP, and the
amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP. 
 “Change of
Control” means the occurrence of any of the following: 
 (1) any event requiring the filing of any report under or
in response to Schedule 13D or 14D-1 pursuant to the Securities Exchange Act of 1934, as amended, disclosing beneficial ownership of either 50% or more of the common stock of Holdings then outstanding or 50% or more of the voting power of the voting
stock of Holdings then outstanding; 
 (2) the direct or indirect sale, transfer, conveyance or other disposition (other than
by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the properties or assets of Holdings and its subsidiaries taken as a whole to one or more Persons other than Holdings or one of its
Subsidiaries; or 
 (3) the first day on which a majority of the members (not counting vacant seats) of Holdings’ Board
of Directors are not Continuing Directors. 
 “Collateral” means, collectively, all of the real, personal and mixed
property (including Equity Interests) in which Liens are purported to be granted pursuant to the Collateral Documents as security for the Term Loan/Notes Secured Obligations. 

“Collateral Agent” means Wilmington Trust, National Association in its capacity as “Collateral Agent” under the
Pari Passu Intercreditor Agreement and its successors in such capacity. 
 “Collateral Coverage Ratio” means, as of any
date, the ratio of (a) the aggregate Appraised Value of all Real Estate Assets that are subject to a Mortgage on such date to (b) the aggregate principal amount of the Term Loan/Notes Secured Obligations as of such date. 

“Collateral Documents” means the “Term Loan/Notes Security Documents” (as defined in the Pari Passu Intercreditor
Agreement). 
 “Consolidated Adjusted EBITDA” means, for any period, Consolidated Net Income for such period (disregarding
any non-cash charges or credits related to any Plan, any non-qualified supplemental pension plan maintained, sponsored or contributed to by Holdings or any ERISA Affiliate, or any Multiemployer Plan) plus: 

(a) without duplication and to the extent deducted in determining such Consolidated Net Income, the sum of: 

(i) consolidated interest expense for such period, plus  

  
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 (ii) consolidated financing costs associated with securitization programs for
such period, plus  
 (iii) consolidated income tax expense for such period, plus  

(iv) all amounts attributable to depreciation and amortization for such period, plus  

(v) any extraordinary, unusual or non-recurring charges for such period, plus  

(vi) any fees, expenses or charges related to any equity offering, permitted acquisition or other investment, Asset Disposition
or other disposition, or incurrence or refinancing of (or amendment or other modification to the documents evidencing any) Indebtedness (in each case, whether or not successful or consummated) permitted to be made or incurred under this Indenture,
including fees, expenses or charges relating to the Transactions, plus  
 (vii) any premium, make-whole or penalty
payments that are required to be made in connection with any prepayment of Indebtedness, plus  
 (viii) any non-cash
charges for such period; provided that in the event Holdings or any Subsidiary makes any cash payment in respect of any such non-cash charge, such cash payment shall be deducted from Consolidated Adjusted EBITDA in the period in which such
payment is made, plus  
 (ix) the amount of cash restructuring charges and curtailments and modifications to pension
and post-retirement employee benefit plans incurred during such period; 
 and minus: 

(b) without duplication and to the extent included in determining such Consolidated Net Income, the sum of: 

(i) any extraordinary, unusual or non-recurring gains for such period, plus 

(ii) non-cash gains for such period; 

all determined on a consolidated basis in accordance with GAAP. 

“Consolidated Net Income” means, for any period, the net income or loss of Holdings and the Subsidiaries for such period
determined on a consolidated basis in accordance with GAAP; provided that there shall be excluded (a) the income (or loss) of any Person (other than Holdings) in which any other Person (other than Holdings or any Subsidiary or any director
holding qualifying shares in compliance with applicable law) owns an Equity Interest, except to the extent of the amount of dividends or other distributions actually paid to Holdings or any of the Subsidiaries during such period, and (b) the
income or loss of any Person accrued prior to the date it becomes a Subsidiary or is merged into or consolidated with Holdings or any Subsidiary or the date that such Person’s assets are acquired by Holdings or any Subsidiary. 

“Consolidated Total Debt” means, as at any date of determination, (a) the aggregate stated balance sheet amount of all
Indebtedness of Holdings and its Subsidiaries (or, if higher, the par value or stated face amount outstanding of all such Indebtedness (other than zero coupon Indebtedness)) determined on a consolidated basis in accordance with GAAP, minus
(b) the aggregate stated balance sheet amount of cash and cash equivalents (in each case, free and clear of all Liens, other than Permitted Encumbrances and Permitted Liens described in clauses (a), (m) and (u) of the definition of
“Permitted Liens”) in excess of the Operating Cash Threshold; provided that the proceeds of the Indebtedness being incurred by Holdings or any Subsidiary for which this calculation is being made

  
 -5- 

 
shall not be considered cash or cash equivalents for purposes of any “netting” pursuant to clause (b) of this definition; provided, however, that the application of such proceeds
shall be given pro forma effect as set forth in the definition of “Senior Secured Leverage Ratio.” 
 “Continuing
Director” means, as of any date of determination, any member of the Board of Directors of Holdings who (1) was a member of such Board of Directors on the Issue Date, or (2) was nominated or approved for election or elected or
appointed to such Board of Directors by such Board or Directors or a committee thereof or with the approval of a majority of the Continuing Directors who were members of such Board of Directors at the time of such nomination or election (either by a
specific vote or by approval of Holdings’ proxy statement in which such member was named as a nominee for election as a director, without objection to such nomination). 

“Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management or
policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative thereto. 

“Controlled Foreign Corporation” shall mean “controlled foreign corporation” as defined in Section 957 (or any
successor statute thereto) of the Internal Revenue Code. 
 “Corporate Trust Office” shall mean the office of the Trustee
specified in Section 13.1 or such other address as to which the Trustee may give notice to the Issuer or Holders pursuant to the procedures set forth in Section 13.11. 

“Custodian” means any receiver, trustee, assignee, liquidator, custodian or similar official under the Bankruptcy Code. 

“Default” means any event that is, or with the passage of time or the giving of notice or both would be, an Event of Default;
provided that any Default that results solely from the taking of an action that would have been permitted but for the continuation of a previous Default will be deemed to be cured if such previous Default is cured prior to becoming an Event
of Default. 
 “Definitive Notes” means certificated Notes. 

“Depositary” means, with respect to the Notes issuable or issued in whole or in part in global form, the Person specified in
Section 2.3 as the Depositary with respect to the Notes, and any and all successors thereto appointed as depositary hereunder and having become such pursuant to the applicable provision of this Indenture. 

“Designated Non-Cash Consideration” means the fair market value (as determined in good faith by the Issuer) of non-cash
consideration received by Holdings or any Subsidiary in connection with an Asset Disposition that is so designated as Designated Non-Cash Consideration pursuant to an Officer’s Certificate, less the amount of cash, Cash Equivalents or
other Permitted Investments received in connection with a subsequent sale of or collection on such Designated Non-Cash Consideration. 

“Disqualified Equity Interests” means any Equity Interest that by its terms (or by the terms of any security into which it is
convertible or for which it is exchangeable, either mandatorily or at the option of the holder thereof), or upon the happening of any event or condition: (a) matures or is mandatorily Payable (other than solely for Equity Interests that do not
constitute Disqualified Equity Interests and cash in lieu of fractional shares of such Equity Interests), whether pursuant to a sinking fund obligation or otherwise, prior to the date that is 90 days after the maturity date of the Notes (measured as
of the time that such Equity Interest is issued); (b) is convertible or exchangeable at the option of the holder thereof for Indebtedness or Equity Interests (other than solely for Equity Interests that do not constitute Disqualified Equity
Interests and cash in lieu of fractional shares of such Equity Interests), prior to the date that is 90 days after the maturity date of the Notes (measured as of the time that such Equity Interest is issued); or (c) is Payable or is required to
be Paid (other than solely for Equity Interests that do not constitute Disqualified Equity Interests and cash in lieu of fractional shares of such Equity Interests) by Holdings or any of its Subsidiaries, in whole or in part, at the option of the
holder thereof, prior to the date that is 90 days after the maturity date of the Notes (measured as of the time that such Equity Interest is issued); provided that clauses (a) and (c) hereto (other

  
 -6- 

 
than the exclusions set forth therein) shall not apply (x) to any requirement of mandatory Payment that is contingent upon (i) an asset disposition (or similar event, including
condemnation or casualty), the incurrence of Indebtedness or a “change of control” (or similar event) if such mandatory Payment can be avoided through Payment of the Notes or through investments by Holdings or any of its Subsidiaries in
assets to be used in their businesses or if such mandatory Payment is contingent upon prior payment in full of the Notes, and (ii) in addition to clause (i) above, in the case of a convertible security or a mandatorily convertible unit, a
fundamental change (or similar event) or (y) if any Equity Interests would constitute Disqualified Equity Interests solely because the holders of such Equity Interests have the right to require the Issuer to repurchase such Equity Interests
upon the occurrence of a change of control or an asset disposition or similar transaction if the terms of such Equity Interests provide that the Issuer may not repurchase or redeem any such Equity Interests prior to the Issuer’s repurchase of
the Notes as required by this Indenture; provided, further, that only the portion of such Equity Interests which is required to be Paid, is so convertible or exchangeable, either mandatorily or at the option of the holder thereof,
prior to the maturity date of the Notes shall constitute Disqualified Equity Interests, and provided, further, that Equity Interests issued to any employee benefit plan, or by any such plan to any employees of Holdings or any of its
Subsidiaries, shall not constitute Disqualified Equity Interests solely because they may be required to be Paid in order to satisfy applicable statutory or regulatory obligations. 

“Dollars” or “$” means the lawful money of the United States of America. 

“Domestic Subsidiary” means any Subsidiary that is not a Foreign Subsidiary. 

“DTC” means The Depository Trust Company or any successor securities clearing agency. 

“Equity Interests” means any and all shares, interests, participations or other equivalents (however designated) of capital
stock of a corporation, any and all equivalent ownership interests in a Person (other than a corporation), including partnership interests and membership interests, and any and all warrants, rights or options to purchase or other arrangements or
rights to acquire any of the foregoing. 
 “Equity Offering” means a public or private offering or sale for cash by
Holdings of its Equity Interests (other than Disqualified Equity Interests). 
 “ERISA” means the Employee Retirement
Income Security Act of 1974, as amended from time to time, and the final rules and regulations promulgated thereunder, as from time to time in effect. 

“ERISA Affiliate” means any trade or business (whether or not incorporated) that, together with Holdings, is treated as a
single employer under Section 414(b) or (c) of the Internal Revenue Code or, solely for purposes of Section 302 of ERISA and Section 412 of the Internal Revenue Code, is treated as a single employer under Section 414 of the
Internal Revenue Code. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and
regulations of the SEC promulgated thereunder, as amended. 
 “Excluded Asset” has the meaning set forth in the Security
Agreement (as defined in the Pari Passu Intercreditor Agreement). 
 “Excluded Immaterial Subsidiary” means, at any date of
determination, any Subsidiary of Holdings that, taken together with all Excluded Immaterial Subsidiaries that are designated as Excluded Subsidiaries, did not represent more than 5% of the total Net Tangible Assets of Holdings and its Subsidiaries.

 “Excluded Subsidiary” means, at any date, (i) any Realty Company that is not a Material Subsidiary as of such date,
(ii) J. C. Penney Services India Private Limited and (iii) any other Excluded Immaterial Subsidiary designated by the Issuer in writing to the Trustee. For purposes of determining whether a Realty Company is a Material Subsidiary or such
other Excluded Subsidiary is an Excluded Immaterial Subsidiary, the computations required by the definition of the terms “Material Subsidiary” and “Excluded Immaterial Subsidiary,” as applicable, shall be made including the
assets of all Excluded Subsidiaries. 

  
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 “Existing Notes” means the Issuer’s 5.65% Senior Notes due 2020, 5.75%
Senior Notes due 2018, 6.375% Senior Notes due 2036, 6.9% Notes due 2026, 7.125% Debentures due 2023, 7.125% Debentures due 2023, 7.4% Debentures due 2037, 7.625% Notes due 2097, 7.65% Debentures 2016, 7.95% Debentures due 2017, and 8.125% Senior
Notes due 2019. 
 “fair market value” means the consideration received or paid in any transaction or series of
transactions, a value that is fair and on market terms as determined by an Officer or the Board of Directors in good faith. 

“Fiscal Quarter” means a fiscal quarter of any Fiscal Year. 

“Fiscal Year” means the fiscal year of Holdings and its Subsidiaries ending on the Saturday closest to January 31 of
each calendar year. 
 “Fitch” means Fitch Ratings, or any successor thereto. 

“Foreign Subsidiary” means (x) any Subsidiary not organized under the laws of the United States of America, any state
thereof or the District of Columbia and any Subsidiary of such Foreign Subsidiary and (y) any Foreign Subsidiary Holdco. 

“Foreign Subsidiary Holdco” means a Domestic Subsidiary if (i) it has no material assets other than Equity Interests or
obligations of one or more Foreign Subsidiaries and does not engage in any trade or business (other than acting as a holding company for such Equity Interests or obligations in Foreign Subsidiaries), or (ii) it is disregarded as separate from
its owner for United States federal income tax purposes and it owns Equity Interests in one or more Foreign Subsidiaries. 
 “Future
Term Loan/Notes Indebtedness” has the meaning set forth in the Pari Passu Intercreditor Agreement. 
 “GAAP” means
the United States generally accepted accounting principles in effect as of the Issue Date. 
 “Governmental Authority”
means the government of the United States of America, any other nation or any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising
executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government. 

“Guarantee” means any obligation, contingent or otherwise, of any Person directly or indirectly guaranteeing any Indebtedness
of any other Person, including any such obligation, direct or indirect, contingent or otherwise, of such Person: 
 (1) to
purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness of such other Person (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); or 
 (2) entered into primarily for
purposes of assuring in any other manner the obligee of such Indebtedness of the payment thereof or to protect such obligee against loss in respect thereof (in whole or in part); 

provided, however, that the term “Guarantee” will not include endorsements for collection or deposit in the ordinary course of
business or consistent with past practice. The term “Guarantee” used as a verb has a corresponding meaning. 

“Guarantors” means Holdings and any Subsidiary that Guarantees the Notes, until such Note Guarantee is released in accordance
with the terms of this Indenture. 

  
 -8- 

 “Hedging Obligations” means, with respect to any Person, the obligations of such
Person under any interest rate swap agreement, interest rate cap agreement, interest rate collar agreement, commodity swap agreement, commodity cap agreement, commodity collar agreement, foreign exchange contracts, currency swap agreement or similar
agreement providing for the transfer or mitigation of interest rate, commodity price or currency risks either generally or under specific contingencies. 

“Holder” means each Person in whose name the Notes are registered on the Registrar’s books, which shall initially be the
respective nominee of DTC. 
 “Holdings” means J. C. Penney Company, Inc., a Delaware corporation and the direct parent of
the Issuer. 
 “Indebtedness” of any Person means, without duplication, (a) all obligations of such Person for
borrowed money, (b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such Person under conditional sale or other title retention agreements relating to property acquired by
such Person, (d) all obligations of such Person in respect of the deferred purchase price of property or services (excluding (i) accounts payable incurred in the ordinary course of business, (ii) any earn-out obligation contingent
upon performance of an acquired business, except to the extent such obligation would be required to be reflected on a consolidated balance sheet of Holdings prepared in accordance with GAAP and (iii) accruals for payroll and other liabilities
accrued in the ordinary course of business), (e) all Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on property owned or acquired by
such Person, whether or not the Indebtedness secured thereby has been assumed (provided that with respect to Indebtedness that is nonrecourse to the credit of that Person, such Indebtedness shall be taken into account only to the extent of
the lesser of (x) the fair market value of the asset(s) subject to such Lien and (y) the amount of Indebtedness secured), (f) all guarantees by such Person of Indebtedness of others, (g) all Capital Lease Obligations of such
Person, (h) all obligations, contingent or otherwise, of such Person as an account party in respect of letters of credit and letters of guaranty, (i) all obligations, contingent or otherwise, of such Person in respect of bankers’
acceptances, (j) all Off-Balance Sheet Liabilities and (k) Disqualified Equity Interests. The Indebtedness of any Person shall include the Indebtedness of any other entity (including any partnership in which such Person is a general
partner) to the extent such Person is liable therefor as a result of such Person’s ownership interest in or other relationship with such entity, except to the extent the terms of such Indebtedness provide that such Person is not liable
therefor. For the avoidance of doubt, any preferred Equity Interests (other than any Disqualified Equity Interests) of any Person that are convertible into common Equity Interests (other than any Disqualified Equity Interests) of such Person shall
not constitute Indebtedness of such Person. For the avoidance of doubt, obligations in respect of Swap Agreements shall not constitute Indebtedness. 

“Indenture” means this Indenture as amended or supplemented from time to time. 

“Initial Appraisal” means, with respect to a Real Estate Asset, the most recently performed appraisal of such Real Estate
Asset prior to the Issue Date. 
 “Initial Notes” has the meaning set forth in the first recital paragraph of this
Indenture. 
 “Insolvency Proceeding” means any proceeding in respect of bankruptcy, insolvency, winding up, receivership,
dissolution or assignment for the benefit of creditors, in each of the foregoing events whether under the Bankruptcy Code or any similar federal, state or foreign bankruptcy, insolvency, reorganization, receivership or similar law. 

“Intercreditor Agreements” means the Pari Passu Intercreditor Agreement, the Junior Priority Intercreditor Agreement and the
ABL Intercreditor Agreement. 
 “Internal Revenue Code” means the Internal Revenue Code of 1986, as amended to the date
hereof and from time to time hereafter, and any successor statute. 
 “Issue Date” means June 23, 2016. 

  
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 “Issue Date Material Real Estate Asset” means, as of any date of determination,
any Real Property Asset that was a Material Real Estate Asset owned by the Issuer or a Guarantor on the Issue Date that continues to be owned by the Issuer or a Guarantor as of such date of determination; provided that no Specified Asset
owned on the Issue Date by the Issuer or a Guarantor shall be deemed to be an “Issue Date Material Real Asset” unless and until such Specified Asset has not been sold or transferred to a Person (other than the Issuer or a Guarantor) prior
to the date that is one year after the Issue Date. 
 “Issuer” has the meaning assigned to such term in the preamble of
this Indenture. 
 “JC Penney Properties” means J. C. Penney Properties, Inc., a Delaware corporation. 

“JCP Parties” means, collectively, the Issuer and the Guarantors. 

“JCP Real Estate Holdings” means JCP Real Estate Holdings, Inc., a Delaware corporation. 

“Junior Lien Priority” means a Lien that ranks junior in priority to the Liens that secure the Term Loan/Notes Secured
Obligations on the terms set forth in the Junior Priority Intercreditor Agreement. 
 “Junior Priority Collateral Agent”
has the meaning given such term by the Junior Priority Intercreditor Agreement. 
 “Junior Priority Intercreditor
Agreement” has the meaning given to such term in the Pari Passu Intercreditor Agreement, as it may be amended or supplemented from time to time. 

“Junior Priority Obligations” has the meaning given to such term in the Junior Priority Intercreditor Agreement. 

“Leasehold Property” means any leasehold interest of the Issuer or any Guarantor as lessee under any lease of real property.

 “Lien” means with respect to any asset, (a) any mortgage, deed of trust, lien, pledge, hypothecation, encumbrance,
charge or security interest in, on or of such asset and (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same economic
effect as any of the foregoing) relating to such asset, excluding operating leases. 
 “Material Real Estate Asset” means
(a) any Real Estate Asset fee owned by the Issuer or any Subsidiary that is a Guarantor having a fair market value equal to or greater than $2,000,000 as of the Issue Date based on the Initial Appraisal or, if acquired after the Issue Date, as
of the date of the acquisition thereof and (b) any ground Leasehold Property leased by the Issuer or any Subsidiary that is a Guarantor having a fair market value equal to or greater than $2,000,000 as of the Issue Date based on the Initial
Appraisal or, if acquired after the Issue Date, as of the date of the acquisition thereof; in each case, other than (i) Plano Headquarters and (ii) any Real Estate Asset (A) located outside of one of the states of the United States of
America or the District of Columbia, (B) owned or ground leased directly by the Issuer constituting a part of any store, warehouse or distribution center if such Real Estate Asset has a net book value above 0.25% of Stockholders’ Equity
(as determined as of the Issue Date with respect to Real Estate Assets owned as of the Issue Date, and in all other cases as determined at the time of such acquisition in accordance with the 1994 Indenture), (C) if any mortgage, pledge and/or
security interest of or in such Real Estate Asset (1) is prohibited or restricted by applicable law (with no requirement to obtain the consent of any governmental authority), (2) would require a consent, approval, or other authorization of
a landlord or other third party if such consent, approval or other authorization cannot be obtained after Issuer’s use of commercially reasonable efforts, or (3) could result in material adverse tax consequences (other than payment of
mortgage tax, transfer tax or similar taxes related to real property collateral) as determined in good faith by the Issuer and notified to the Collateral Agent, or (D) where the cost of obtaining any mortgage, pledge and/or security interest of
or in such Real Estate Asset would exceed the practical benefit to the Lenders (as defined in the Term Loan Agreement) afforded thereby (as reasonably determined by the Issuer and the Term Loan Administrative Agent). 

  
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 “Material Subsidiary” means, at any date of determination, any Subsidiary of
Holdings that had, as of the date of the most recent financial statements delivered pursuant to Section 3.10 (or prior to delivery of such financial statements, as of the end of the most recent Fiscal Quarter (or Fiscal Year) with
respect to which historical financial statements have been delivered), Net Tangible Assets representing more than 3% (or in the case of JCP Realty, Inc. and its Subsidiaries, 5%) of the total Net Tangible Assets of Holdings and its Subsidiaries.

 “Mortgage” means a mortgage, deed of trust, deed to secure debt, security deed, trust deed or spreader of lien, as it
may be amended, restated supplemented or otherwise modified from time to time. 
 “Moody’s” means Moody’s
Investors Service, Inc., or any successor thereto. 
 “Multiemployer Plan” means a multiemployer plan as defined in
Section 4001(a)(3) of ERISA maintained, sponsored or contributed to by Holdings or any ERISA Affiliate. 
 “Net Available
Cash” means, with respect to any Asset Disposition, an amount equal to: (i) cash payments (including any cash received by way of deferred payment pursuant to, or by monetization of, a note receivable or otherwise, but only as and when
so received) received by Holdings or any of its Subsidiaries from such Asset Disposition, minus (ii) any bona fide direct costs incurred in connection with such Asset Disposition, including (a) income or gains taxes payable by the
seller as a result of any gain recognized in connection with such Asset Disposition, (b) payment of the outstanding principal amount of, premium or penalty, if any, and interest on any Indebtedness (other than the Notes and Indebtedness that is
secured by a Lien on Term Loan/Notes Exclusive Collateral on a basis that is pari passu with or junior to the Notes) that is secured by a Lien on the stock or assets in question and that is required to be repaid under the terms thereof as a
result of such Asset Disposition and (c) a reasonable reserve for any indemnification payments (fixed or contingent) attributable to seller’s indemnities and representations and warranties to purchaser in respect of such Asset Disposition
undertaken by Holdings or any of its Subsidiaries in connection with such Asset Disposition; provided that upon release of any such reserve to Holdings or any of its Subsidiaries, the amount released shall be considered Net Available Cash.

 “Net Tangible Assets” means the aggregate amount at which the assets of Holdings and its Subsidiaries are reflected, in
accordance with GAAP as in effect on the Issue Date, on the asset side of the consolidated balance sheet of Holdings and its Subsidiaries, as of the end of the most recent as of the most recent Fiscal Quarter end for which financial statements shall
at such time have been delivered pursuant to Section 3.10 or otherwise prepared (or prior to delivery of such financial statements, as of the end of the most recent Fiscal Quarter (or Fiscal Year) with respect to which historical
financial statements have been delivered or otherwise prepared) (after deducting all valuation and qualifying reserves relating to such assets), except any of the following described items that may be included among such assets (a) trademarks,
patents, goodwill and similar intangibles, (b) investments in and advances to Subsidiaries, and (c) capital lease property rights, after deducting from such amount current liabilities (other than deferred Tax effects) as reflected, in
accordance with GAAP as in effect on the Issue Date, on such balance sheet. 
 “Non-Guarantor” means any Subsidiary of
Holdings (other than the Issuer) that is not a Guarantor. 
 “Non-U.S. Person” means a Person who is not a U.S. Person (as
defined in Regulation S). 
 “Notes” has the meaning set forth in the first recital paragraph of this Indenture. 

“Notes Custodian” means the custodian with respect to the Global Notes (as appointed by the Depositary), or any successor
Person thereto and shall initially be the Trustee. 
 “Notes Documents” means the Notes (including Additional Notes), the
Note Guarantees, the Collateral Documents, the Intercreditor Agreements and this Indenture. 
 “Notes Obligations” means
all Obligations of the Issuer and the Guarantors under this Indenture, the Notes and the Collateral Documents. 

  
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 “Notes Percentage” means, at any time, the percentage of the aggregate principal
amount of Term Loan/Notes Secured Obligations outstanding at such time represented by the aggregate principal amount of Notes then outstanding. 

“Notes Secured Parties” means the Trustee, the Collateral Agent and the Holders of the Notes. 

“Obligations” means any principal, interest (including Post-Petition Interest or entitlement to fees or expenses or other
charges accruing on or after the filing of any petition or application in bankruptcy or insolvency case or proceeding or for reorganization relating to the Issuer or any Guarantor whether or not a claim for Post-Petition Interest is allowed or
allowable in such proceedings), penalties, fees, indemnifications, reimbursements (including, without limitation, reimbursement obligations with respect to letters of credit and bankers’ acceptances), damages and other liabilities payable under
the documentation governing any Indebtedness. 
 “Off-Balance Sheet Liability” of a Person means (a) any repurchase
obligation or liability of such Person with respect to accounts or notes receivable sold by such Person or (b) any indebtedness, liability or obligation under any so-called “synthetic lease” transaction entered into by such Person.
For the avoidance of doubt, any preferred Equity Interests (other than any Disqualified Equity Interests) of any Person that are convertible into common Equity Interests (other than any Disqualified Equity Interests) of such Person shall not
constitute an Off-Balance Sheet Liability of such Person. 
 “Offering Memorandum” means the final offering memorandum,
dated June 9, 2016, relating to the offering by the Issuer of the Initial Notes. 
 “Officer” means, with respect to
any Person, the Chairman of the Board, any Vice Chairman of the Board, the Chief Executive Officer, the President, any Executive Vice President, any Senior Vice President, the Chief Financial Officer, the Treasurer or Corporate Treasurer, any
Assistant Treasurer or Assistant Corporate Treasurer, the Controller or Corporate Controller, any Assistant Controller or Assistant Corporate Controller, the General Counsel, any Vice President, the Secretary or Corporate Secretary or any Assistant
Secretary or Assistant Corporate Secretary of such Person. 
 “Officer’s Certificate” means, with respect to any
Person, a certificate signed by one Officer of such Person. 
 “Operating Cash Threshold” means $750,000,000. 

“Opinion of Counsel” means an opinion in writing (subject to customary qualifications and assumptions) signed by legal
counsel, who may be an employee of or counsel to Holdings or the Issuer, or may be other counsel who is reasonably satisfactory to the Trustee that meets the requirements of Section 13.4. 

“Organizational Documents” means (i) with respect to any corporation or company, its certificate, memorandum or articles
of incorporation, organization or association, as amended, and its by-laws, as amended, (ii) with respect to any limited partnership, its certificate or declaration of limited partnership, as amended, and its partnership agreement, as amended,
(iii) with respect to any general partnership, its partnership agreement, as amended, and (iv) with respect to any limited liability company, its articles of organization, as amended, and its operating agreement, as amended. In the event
any term or condition of this Indenture or any Collateral Document requires any Organizational Document to be certified by a secretary of state or similar governmental official, the reference to any such Organizational Document shall only be to a
document of a type customarily certified by such governmental official. 
 “Pari Passu Intercreditor Agreement” means that
certain Pari Passu Intercreditor Agreement, dated as of the Issue Date, among the Term Loan Administrative Agent, as Authorized Representative under the Term Loan Agreement, the Trustee, as Authorized Representative under this Indenture, each other
Authorized Representative party thereto from time to time and the Collateral Agent, as it may be amended or supplemented from time to time. 

  
 -12- 

 “Pay” means, in respect of any Indebtedness or Equity Interest, to pay, prepay,
purchase, repurchase, redeem, retire, cancel or terminate such Indebtedness or Equity Interest other than (i) in exchange for Equity Interests that are not Disqualified Equity Interests (plus cash in lieu of fractional shares of such Equity
Interests) and (ii) payment of interest with respect to Indebtedness or Equity Interests and accrued dividends paid pro rata to all holders of such class or series of Equity Interests. The words “Payment” and
“Payable” shall have meanings correlative to the foregoing. 
 “Paying Agent” means any Person authorized
by the Issuer to pay the principal of (and premium, if any) or interest on any Note on behalf of the Issuer. 
 “Permitted
Encumbrances” means: 
 (a) Liens imposed by law for Taxes, assessments or governmental charges or levies that, in
each case, are not overdue by more than 30 days or are being contested; 
 (b) carriers’, warehousemen’s,
mechanics’, landlords’, materialmen’s, repairmen’s and other like Liens imposed by law, arising in the ordinary course of business and securing obligations that are not overdue by more than 30 days (or, in the case of a
landlords’ Lien, beyond any notice and cure period under the applicable real property lease) or are being contested; 

(c) pledges and deposits made in the ordinary course of business in compliance with workers’ compensation, unemployment
insurance, employers’ health taxes and other social security laws or regulations or similar legislation or to secure letters of credit, bank guarantees or similar instruments supporting such obligations; 

(d) pledges or deposits to secure the performance of bids, trade contracts, leases, statutory obligations, surety and appeal
bonds, performance bonds or obligations to insurance carriers and other obligations of a like nature, in each case in the ordinary course of business or to secure letters of credit, bank guarantees or similar instruments supporting such obligations;

 (e) judgment liens in respect of judgments that do not constitute an Event of Default; 

(f) easements, restrictions (including zoning restrictions), rights-of-way and other encumbrances, title defects and matters of
record affecting real property that do not materially detract from the value of the Collateral, taken as a whole, or interfere with the ordinary conduct of business of Holdings and its Subsidiaries, taken as a whole; 

(g) the special property interest of a consignor in respect of goods subject to consignment; 

(h) Liens (i) in favor of banks, other financial institutions, securities or commodities intermediaries or brokerage
arising as a matter of law encumbering deposits of cash, securities, commodities and other funds maintained with such Persons (including rights of set off) and that are within the general parameters customary in such Person’s industry,
(ii) deemed to exist in connection with investments in repurchase agreements described in clause (d) of the definition of “Permitted Investments,” (iii) attaching to commodity trading accounts or other brokerage accounts in
the ordinary course of business securing obligations owed to the institutions with which such accounts are maintained, (iv) that are contractual rights of setoff (x) relating to the establishment of depository relations with banks or other
deposit-taking financial institutions in the ordinary course of business and not given in connection with the issuance of Indebtedness or (y) relating to pooled deposit or sweep accounts of Holdings or any of its Subsidiaries to permit
satisfaction of overdraft or similar obligations incurred in the ordinary course of business and (v) that are rights of set-off (or holdbacks or reserves established by a credit card issuer or processor) against credit balances of Holdings or
any of its Subsidiaries with credit card issuers or credit card processors or amounts owing by such credit card issuers or credit card processors to Holdings or any of its Subsidiaries, or Liens on returned merchandise in favor of such issuers or
processors, in each case in the ordinary course of business, but not rights of set-off against any other property or assets of Holdings or any of its Subsidiaries pursuant to agreements with credit card issuers or credit card processors to secure
the obligations of Holdings or any of its Subsidiaries to credit card issuers or credit card processors as a result of fees and chargebacks; 

  
 -13- 

 (i) Liens of a collecting bank under Section 4-210 of the UCC in effect in
the relevant jurisdiction (or Section 4-208 in the case of the New York UCC) on items in the course of collection; 

(j) Liens of sellers of goods to Holdings or a Subsidiary arising as a matter of law under Article 2 of the UCC in effect in
the relevant jurisdiction or similar provisions of applicable law, in each case in the ordinary course of business; 
 (k)
licenses of patents, trademarks and other intellectual property rights of Holdings or any of its Subsidiaries, in each case in the ordinary course of business and not materially interfering with the conduct of business by Holdings and its
Subsidiaries, taken as a whole; 
 (l) Liens solely on any cash earnest money deposits made by Holdings or any of its
Subsidiaries in connection with any letter of intent or purchase agreement entered into by it; 
 (m) Liens incurred in the
ordinary course of business in connection with the shipping of goods on the related goods and proceeds thereof in favor of the shipper of such goods; 

(n) as to any Leasehold Property, any Lien encumbering the underlying fee estate or master or primary lease in connection
therewith so long as such fee estate or landlord (or similar) interest is not held by a Person that is the Issuer or a Guarantor or an Affiliate of the Issuer or a Guarantor; and 

(o) any matters affirmatively insured over or exceptions noted in the final title polices issued in connection with the
Mortgages; 
 provided that the term “Permitted Encumbrances” shall not include any Lien securing Indebtedness for borrowed money. 

“Permitted Investments” means: 

(a) direct obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the United
States of America (or by any agency or instrumentality thereof); 
 (b) investments in commercial paper maturing no more than
one year from the date of creation thereof and having, at the time of the acquisition thereof, a credit rating of at least A2 from S&P, P2 from Moody’s or F2 from Fitch; 

(c) investments in certificates of deposit, bankers’ acceptances and time deposits issued or guaranteed by or placed with,
and money market deposit accounts issued or offered by, (i) any domestic or offshore office of any commercial bank organized under the laws of the United States of America or any State thereof, (ii) any office located within the United
States of America or in a foreign jurisdiction that has a tax treaty with the United States of America of a commercial bank organized under the laws of another country or (iii) any office located in London of any commercial bank organized under
the laws of the United States of America, any Asian country or any European country, in each case which, at the time of acquisition, has a combined capital and surplus and undivided profits of not less than $500,000,000; provided,
however, that investments with any bank that has a combined capital and surplus and undivided profits of less than $500,000,000 are permitted if the Issuer maintains a banking relationship with such bank; 

(d) collateralized repurchase agreements with a term of not more than 365 days and entered into with a financial institution
satisfying the criteria described in clause (c) above or any ABL Lender or any Affiliate of an ABL Lender (i) that has a combined capital and surplus and undivided profits of not less than $500,000,000 or (ii) whose obligations under
any such agreements is guaranteed by an entity that has a combined capital and surplus and undivided profits of not less than $500,000,000; and 

  
 -14- 

 (e) money market funds that (i) comply with the criteria set forth in SEC
Rule 2a-7 under the Investment Company Act of 1940 and (ii) have portfolio assets of at least $3,000,000,000; provided, that investments in any money market fund with portfolio assets of less than $3,000,000,000 are permitted if such
fund has received a rating of AAA from S&P or Aaa from Moody’s. 
 “Permitted Liens” means each of the following:

 (a) Liens on the Collateral in favor of Collateral Agent securing Term Loan/Notes Secured Obligations in respect of
(i) the Initial Notes, (ii) the Term Loan Agreement so long as the aggregate principal amount of Indebtedness outstanding thereunder does not exceed $1,688,125,000 minus (A) the amount of any mandatory prepayment thereof from Net
Available Cash from a disposition of Collateral and (B) the principal amount thereof Paid in connection with the incurrence of Indebtedness secured by Liens pursuant to clause (a)(v) below), (iii) Future Term Loan/Notes Indebtedness (and
Term Loan/Notes Secured Obligations in respect thereof) so long as on a pro forma basis (as determined in compliance with the definition of Senior Secured Leverage Ratio) (A) the Senior Secured Leverage Ratio shall not exceed 2.75 to 1.00 and
(B) the Consolidated Adjusted EBITDA for the period of the most recent four full consecutive Fiscal Quarters for which financial statements have been delivered pursuant to Section 3.10 (or prior to delivery of such financial
statements, with respect to which historical financial statements have been prepared) shall exceed $1.0 billion, (iv) Future Term Loan/Notes Indebtedness (and Term Loan/Notes Secured Obligations in respect thereof) so long as immediately after
giving effect to the incurrence of such Indebtedness the Collateral Coverage Ratio shall be at least 1.20 to 1.00 and (v) refinancings, extensions, renewals and replacements of Indebtedness secured by Liens described in subclauses
(i) through (iv) above that do not increase the outstanding principal amount thereof, other than in respect of any accrued interest, premium, fees, costs or expenses payable in connection with such extension, renewal or replacement; 

(b) Permitted Encumbrances; 

(c) any Lien on any property or asset of Holdings or any Subsidiary existing on the Issue Date (other than Liens securing the
Term Loans/Notes Secured Obligations and the ABL Secured Obligations); provided that (i) such Lien shall not apply to any other property or asset of Holdings or any Subsidiary and (ii) such Lien shall secure only those obligations
which it secured on the Issue Date and refinancings, extensions, renewals and replacements thereof that do not increase the outstanding principal amount thereof, other than in respect of any accrued interest, premium, fees, costs or expenses payable
in connection with such extension, renewal or replacement; 
 (d) any Lien existing on any property or asset prior to the
acquisition thereof by Holdings or any Subsidiary or existing on any property or asset of any Person that becomes a Subsidiary after the Issue Date prior to the time such Person becomes a Subsidiary; provided that (i) such Lien is not
created in contemplation of or in connection with such acquisition or such Person becoming a Subsidiary, as the case may be, (ii) such Lien shall not apply to any other property or assets of Holdings or any Subsidiary and (iii) such Lien
shall secure only those obligations which it secures on the date of such acquisition or the date such Person becomes a Subsidiary, as the case may be and refinancings, extensions, renewals and replacements thereof that do not increase the
outstanding principal amount thereof, other than in respect of any accrued interest, premium, fees, costs or expenses payable in connection with such extension, renewal or replacement; 

(e) Liens on fixed or capital assets (other than real property or fixtures constituting Collateral as of the Issue Date or
required to become Collateral pursuant to Indenture) or on computer hardware or software or other information technology assets which are acquired, constructed or improved by Holdings or any Subsidiary; provided that (i) such security
interests secure Indebtedness of Holdings or any Subsidiary incurred to finance the acquisition, construction or improvement of any fixed or capital assets (other than real property or fixtures constituting (or specifically required to become)
Collateral as of the Issue Date) or to finance the acquisition of computer hardware or software or other information technology assets, including Capital Lease Obligations and any Indebtedness assumed in connection with the acquisition of any such
assets or secured by a Lien on any such assets prior to the acquisition thereof, and extensions, renewals, refinancings and replacements of any such Indebtedness that do not increase the outstanding 

  
 -15- 

 
principal amount thereof (other than in respect of any accrued interest, premium, fees, costs or expenses payable in connection therewith), (ii) such security interests and the Indebtedness
secured thereby are incurred prior to or within 180 days after such acquisition or the completion of such construction or improvement, (iii) the Indebtedness secured thereby does not exceed 100% of the cost of acquiring, constructing or
improving such fixed or capital assets, (iv) such security interests shall not apply to any other property or assets of Holdings or any Subsidiaries and (v) the aggregate principal amount of Liens securing Indebtedness permitted by this
clause (e) shall not exceed $750,000,000 at any time outstanding; 
 (f) Liens in respect of leases, subleases, licenses
and any other occupancy rights or agreements granted to other Persons (i) in the ordinary course of business and not materially interfering with the conduct of business of Holdings and its Subsidiaries, taken as a whole or (ii) with
respect to Real Estate Assets no longer deemed by Holdings or any Subsidiary, as applicable, to be useful in the conduct of the business; 

(g) Liens arising out of conditional sale, title retention, consignment (including “sale or return” arrangements) or
similar arrangements for the sale of goods entered into by the Issuer or any of its Subsidiaries in the ordinary course of business, provided that the aggregate amount of such goods shall not exceed $100,000,000 at any one time; 

(h) Liens in favor of customs and revenue authorities arising as a matter of law securing payment of customs duties in
connection with the importation of goods; 
 (i) any encumbrance or restriction (including pursuant to put and call
agreements or buy/sell arrangements) with respect to the Equity Interests of any joint venture or similar arrangement pursuant to the joint venture or similar agreement with respect to such joint venture or similar arrangement; 

(j) the sale or discount, in the ordinary course of business, of accounts receivable in connection with the compromise or
collection thereof and not in connection with any financing or factoring arrangement; 
 (k) Liens (other than Liens on any
Collateral) securing Indebtedness of a Subsidiary to the Issuer or a Guarantor or of a Non-Guarantor to another Subsidiary that is Non-Guarantor; 

(l) Liens on property subject to sale and leaseback transactions not prohibited by Section 3.7 and general
intangibles related thereto; 
 (m) Liens on the Collateral securing ABL Secured Obligations (i) arising under the ABL
Loan Documents so long as the aggregate principal amount of loans and advances under the ABL Credit Agreement and unreimbursed obligations under letters of credit incurred under the ABL Credit Agreement shall not exceed $2,750,000,000,
(ii) consisting of Hedging Obligations, (iii) Supply Chain Obligations and Treasury Services Obligations, in each case owing to any ABL Lender or Affiliate of an ABL Lender; provided that any such Liens on the Term Loan/Notes
Exclusive Collateral are subordinated to the Liens securing the Term Loan/Notes Secured Obligations on terms satisfactory to the Applicable Authorized Representative in its sole discretion; 

(n) Liens on insurance policies and the proceeds thereof and unearned premiums securing the financing of premiums with respect
Indebtedness in respect of the financing of insurance premiums; 
 (o) to the extent constituting a Lien, sales or
assignments of any litigation claims or rights to receive payments with respect to any such claims; 
 (p) to the extent
constituting a Lien, sales or assignments of any right to receive rental payments permitted under Section 3.5; 

(q) Liens on cash or cash equivalents securing Swap Agreements; 

  
 -16- 

 (r) Liens on specific items of inventory or other goods and proceeds of any
Person securing such Person’s obligations in respect of bankers’ acceptances or trade letters of credit issued or created for the account of such Person to facilitate the purchase, shipment or storage of such inventory or other goods; 

(s) Liens securing Indebtedness on the Plano Headquarters or other property intended for use for substantially the same purpose
or purposes as Plano Headquarters after consummation of a sale and leaseback transaction not prohibited by Section 3.7 with respect thereto; 

(t) other Liens securing obligations that do not exceed the greater of (A) $250,000,000 and (B) 5% of
Stockholders’ Equity determined as of a Fiscal Quarter end selected by the Issuer within 65 days of the date of incurrence of such Lien; and 

(u) Liens on the Collateral securing Indebtedness constituting Junior Priority Obligations. 

“Person” means and includes natural persons, corporations, limited partnerships, general partnerships, limited liability
companies, limited liability partnerships, joint stock companies, joint ventures, associations, companies, trusts, banks, trust companies, land trusts, business trusts or other organizations, whether or not legal entities, and Governmental
Authorities. 
 “Plan” means any pension plan (other than a Multiemployer Plan) subject to the provisions of Title IV of
ERISA or Section 412 of the Internal Revenue Code or Section 302 of ERISA that is maintained, sponsored or contributed to by Holdings or any ERISA Affiliate. 

“Plano Headquarters” means the real property located on or about 6501 Legacy Drive, Plano Texas. 

“Post-Petition Interest” means any interest, fees, expenses or other amount that accrues or would have accrued after the
commencement of any Insolvency Proceeding, whether or not allowed or allowable in any such Insolvency Proceeding. 
 “Predecessor
Note” of any particular Note means every previous Note evidencing all or a portion of the same debt as that evidenced by such particular Note; and, for the purposes of this definition, any Note authenticated and delivered under
Section 2.7 in exchange for or in lieu of a mutilated, destroyed, lost or stolen Note shall be deemed to evidence the same debt as the mutilated, destroyed, lost or stolen Note. 

“QIB” means any “qualified institutional buyer” as such term is defined in Rule 144A. 

“Real Estate Asset” means, at any time of determination, any interest (fee, leasehold or otherwise) then owned by the Issuer
or any Guarantor in any real property. 
 “Realty Company” means each of JCP Realty Inc. and its Subsidiaries that is
principally engaged in the business of owning real estate and/or real estate-related interests. 
 “Refinance” means, in
respect of any indebtedness, to extend, refinance, renew or replace, defease or refund such indebtedness, in each case, in whole or in part and/or with the same or different lenders, agents or arrangers and including any increase in the principal
amount of the loans and commitments provided thereunder. “Refinanced” and “Refinancing” shall have correlative meanings. 

“Regulation S” means Regulation S under the Securities Act. 

“Regulation S-X” means
Regulation S-X under the Securities Act. 
 “Restricted Notes” means Initial
Notes and Additional Notes bearing one of the restrictive legends described in Section 2.1(c). 

  
 -17- 

 “Restricted Notes Legend” means the legend set forth in Section 2.1(c).

 “Rule 144A” means Rule 144A under the Securities Act. 

“S&P” means S&P Global Ratings, the credit ratings business operated by S&P Global Inc. and its subsidiaries.

 “SEC” means the Securities and Exchange Commission or any successor thereto. 

“Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations of the SEC promulgated
thereunder, as amended. 
 “Senior Secured Leverage Ratio” means, as of any date of determination, the ratio of
(i) any Consolidated Total Debt that is secured by a Lien upon any real or personal property or other assets of Holdings, the Issuer or any Subsidiary as of such date to (ii) Consolidated Adjusted EBITDA for the period of the most recent
four full consecutive Fiscal Quarters (the “Four Quarter Period”) ending prior to the date of such determination for which financial statements have been delivered pursuant to Section 3.10 (or prior to delivery of such
financial statements, with respect to which historical financial statements have been prepared), in each case, on a pro forma basis. All such pro forma computations shall be calculated after giving effect on a pro forma basis to any incurrence of
Indebtedness, investment, acquisition, disposition, dividend, purchase of Equity Interests, payment in respect of Indebtedness or other transaction occurring during the Four Quarter Period or at any time subsequent to the last day of the Four
Quarter Period and on or prior to the date of determination, as if each such transaction had occurred on the first day of the applicable Four Quarter Period, and, to the extent applicable, to the historical earnings and cash flows associated with
the assets acquired or disposed of and any related incurrence or reduction of Indebtedness, all in accordance with Article 11 of Regulation S-X under the Securities Act. If any Indebtedness bears a floating rate of interest and is being given pro
forma effect, the interest on such Indebtedness shall be calculated as if the rate in effect on the date of determination had been the applicable rate for the entire period (taking into account any Swap Agreement applicable to such Indebtedness if
such Swap Agreement has a remaining term in excess of 12 months). 
 “Series” has the meaning set forth in the Pari Passu
Intercreditor Agreement. 
 “Significant Subsidiary” means any Subsidiary that would constitute a “significant
subsidiary” of Holdings or the Issuer as defined in Rule 1-02(w) of Regulation S-X under the Securities Act and the Exchange Act as in effect on the Issue Date. 

“Specified Assets” has the meaning set forth in the Term Loan Agreement as in effect on the Issue Date. 

“Specified Sale/Leaseback Proceeds” shall mean all Net Available Cash received on or after the Issue Date in respect of all
Sale/Leaseback Transactions consummated in reliance on clause (b) of Section 3.7 to the extent (and only to the extent) such Net Available Cash is in excess of the greater of (x) $500.0 million and (y) 7.5% of Net Tangible
Assets. 
 “Stated Maturity” means, with respect to any security, the date specified in such security as the fixed date on
which the payment of principal of such security is due and payable, including pursuant to any mandatory redemption provision, but shall not include any contingent obligations to repay, redeem or repurchase any such principal prior to the date
originally scheduled for the payment thereof. 
 “Stockholders’ Equity” means the sum, as at the close of a monthly
accounting period (selected by Holdings) ending within 65 days next preceding the date of determination, of (a) the aggregate of capital, capital stock, capital surplus, capital in excess of par value of stock, reinvested earnings, earned
surplus and net income retained for use in the business (however the foregoing may be designated), after deducting the cost of shares of capital stock of Holdings held in its treasury, of Holdings and its consolidated Subsidiaries, determined in
accordance with generally accepted accounting practices applied on the basis used in reports from time to time to stockholders of Holdings, plus (b) the amount reflected in such determination as deferred tax effects. For purposes of this
definition, 

  
 -18- 

 
“Subsidiary” means (i) any corporation of which Holdings, directly or indirectly, owns more than 50% of the outstanding stock, which at the time shall have by the terms thereof
ordinary voting power to elect directors of such corporation, irrespective of whether or not at the time stock of any other class or classes of such corporation shall have or might have voting power by reason of the happening of any contingency, or
(ii) any such corporation of which such percentage of shares of outstanding stock of the character described in the foregoing clause (i) shall at the time be owned, directly or indirectly, by Holdings and one or more Subsidiaries as
defined in the foregoing clause (i) or by one or more such Subsidiaries. 
 “Subsidiary” means, with respect to any
Person (the “parent”) at any date, any corporation, limited liability company, partnership, association or other entity the accounts of which would be consolidated with those of the parent in the parent’s consolidated financial
statements if such financial statements were prepared in accordance with GAAP as of such date, as well as any other corporation, limited liability company, partnership, association or other entity of which securities or other ownership interests
representing more than 50% of the ordinary voting power or, in the case of a partnership, more than 50% of the general partnership interests are, as of such date, owned or held; provided that Excluded Subsidiaries shall not be considered
“Subsidiaries” of Holdings or the Issuer for purposes hereof. Unless the context requires otherwise, any reference to a “Subsidiary” contained herein shall refer to a Subsidiary of Holdings. 

“Supply Chain Obligations” means Obligations under any letters of credit, guarantees or other credit support provided in
respect of trade payables of the Issuer or any Subsidiary of the Issuer, in each case issued for the benefit of any bank, financial institution or other Person that has acquired such trade payables pursuant to “supply chain” or other
similar financing for vendors and suppliers of the Issuer or any of its Subsidiaries, to the extent the documentation for such Obligations specifically provides that the applicable ABL Lender or Affiliate of an ABL Lender is entitled to be secured
under the “Collateral Agreement” (as defined in the ABL Credit Agreement). 
 “Swap Agreement” means any
agreement with respect to any swap, forward, future or derivative transaction or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic,
financial or pricing indices or measures of economic, financial or pricing risk or value or any similar transaction or any combination of these transactions; provided that no phantom stock or similar plan providing for payments only on
account of services provided by current or former directors, officers, employees or consultants of Holdings or the Subsidiaries shall be a Swap Agreement. For the avoidance of doubt, “Swap Agreement” will include a swap transaction
pursuant to which the obligations of the Issuer or applicable Guarantor to make scheduled payments thereunder are deferred (including, without limitation, payment obligations that are deferred to the scheduled termination date of such transaction so
that the Issuer or such Guarantor makes a single payment thereunder on such scheduled termination date). 
 “Tax” or
“Taxes” means any present or future tax, levy, impost, duty, deduction, withholding (including backup withholding), assessment, fee or other charge imposed by any Governmental Authority, including any interest, additions to tax or
penalties applicable thereto. 
 “TBA/Vacant Parcel” means each tire, battery and automotive location or vacant portion of
any parcel. 
 “Term Loan Administrative Agent” means JPMorgan Chase Bank, N.A., in its capacity as administrative agent
under the Term Loan Agreement, and its successors in such capacity. 
 “Term Loan Agreement” means the Amended and Restated
Credit and Guaranty Agreement, dated as of the Issue Date, by and among the Issuer, the guarantors from time to time party thereto, the Term Loan Administrative Agent, and each lender from time to time party thereto, as amended, extended, renewed,
restated, refunded, replaced, refinanced, supplemented, modified or otherwise changed (in whole or in part, and without limitation as to amount, terms, conditions, covenants and other provisions) from time to time, and any one or more agreements
(and related documents) governing Indebtedness, including indentures, incurred to refinance, substitute, supplement, replace or add to (including increasing the amount available for borrowing or adding or removing any Person as a borrower, issuer or
guarantor thereunder, in whole or in part), the borrowings and commitments then outstanding or permitted to be outstanding under such Term Loan Agreement or one or more successors to the Term Loan Agreement or one or more new credit agreements. 

  
 -19- 

 “Term Loan Documents” means the collective reference to the Term Loan Agreement,
any notes issued pursuant thereto and the guarantees thereof, and the collateral documents relating thereto, and any other documents, certificates, instruments or agreements executed and delivered by or on behalf of the Issuer or any Guarantor for
the benefit of the Term Loan Administrative Agent or any Term Loan Secured Party in connection therewith that specifically identifies itself as a “Credit Document,” a “Loan Document” or similar term, as amended, supplemented,
restated, renewed, refunded, replaced, restructured, repaid, refinanced or otherwise modified, in whole or in part, from time to time. 

“Term Loan/Notes Documents” means the Notes Documents, the Term Loan Documents and all other documents governing Term
Loan/Notes Secured Obligations. 
 “Term Loan/Notes Exclusive Collateral” has the meaning set forth in the ABL
Intercreditor Agreement. 
 “Term Loan/Notes Secured Obligations” has the meaning set forth in the Pari Passu Intercreditor
Agreement. 
 “Term Loan/Notes Secured Parties” has the meaning set forth in the Pari Passu Intercreditor Agreement. 

“Term Loan Obligations” means all Obligations under the Term Loan Agreement and the other Term Loan Documents. 

“Transactions” means (i) the issuance and sale of the Notes, (ii) the execution and delivery by the Issuer and
Guarantors of the Term Loan Agreement entered into on the Issue Date, (iii) the funding of the loans under the Term Loan Credit Agreement and (iv) the repayment of Indebtedness under the Issuer’s existing credit and guaranty agreement
dated May 22, 2013. 
 “Treasury Services Obligations” means Obligations in respect or treasury, depositary or cash
management services (including purchasing cards and stored value cards) from, or any automated clearinghouse transfer of funds to, any entity that is an ABL Lender or an Affiliate of an ABL Lender. 

“Treasury Rate” means, with respect to the Notes, as of the applicable redemption date, the yield to maturity as of such
redemption date of United States Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15 (519) which has become publicly available at least two Business Days (but not
more than five Business Days) prior to the date that the applicable notice of redemption is provided to the Trustee (or, if such statistical release is not so published or available, any publicly available source of similar market data selected by
the Issuer in good faith)) most nearly equal to the period from the redemption date to July 1, 2019; provided, however, that if the period from such redemption date to July 1, 2019 is not equal to the constant maturity of a
United States Treasury security for which a weekly average yield is given, the Treasury Rate shall be obtained by linear interpolation (calculated to the nearest one-twelfth of a year) from the weekly average yields of United States Treasury
securities for which such yields are given, except that if the period from such redemption date to such applicable date is less than one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant
maturity of one year shall be used. 
 “Trust Officer” means, when used with respect to the Trustee, any vice president,
assistant vice president, any trust officer or any other officer of the Trustee who shall have direct responsibility for the administration of this Indenture, and also means any other officer of the Trustee to whom any corporate trust matter
relating to this Indenture is referred because of such person’s knowledge of and familiarity with the particular subject. 

“Trustee” has the meaning assigned to such term in the preamble of this Indenture until a successor replaces it and,
thereafter, means the successor. 
 “UCC” means the Uniform Commercial Code as in effect in the State of New York or, when
the laws of any other jurisdiction govern the perfection or enforcement of any security interest, the Uniform Commercial Code of such jurisdiction. 

  
 -20- 

 “U.S. Government Obligations” means securities which are (1) direct
obligations of the United States of America for the payment of which its full faith and credit is pledged, or (2) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States of America,
provided that the payment of such obligations is unconditionally Guaranteed as a full faith and credit obligation by the United States of America. The term “U.S. Government Obligations” shall also include depository receipts issued by a
bank or trust company as custodian and evidencing ownership by the holders of such depository receipts of future payments of interest or principal, or both, on U.S. Government Obligations, as defined above, held by such custodian, provided
that except as required by law, no deduction may be made by the custodian from the amount payable to the holder of any such depository receipt from the amount received by the custodian in respect of any such payment of interest or principal. 

SECTION 1.2. Other Definitions. 
  

			
	 Term
	  	Defined in
Section
	 “Additional Restricted Notes”
	  	2.1(b)
	 “Agent Members”
	  	2.1(e)(2)
	 “Asset Disposition Offer”
	  	3.5(b)
	 “Asset Disposition Payment Date”
	  	3.5(c)
	 “Authenticating Agent”
	  	2.2
	 “Automatic Exchange”
	  	2.6(e)
	 “Automatic Exchange Date”
	  	2.6(e)
	 “Automatic Exchange Notice”
	  	2.6(e)
	 “Automatic Exchange Notice Date”
	  	2.6(e)
	 “Change of Control Offer”
	  	3.9(a)
	 “Change of Control Payment”
	  	3.9(a)
	 “Change of Control Payment Date”
	  	3.9(a)
	 “Clearstream”
	  	2.1(a)
	 “Defaulted Interest”
	  	2.11
	 “Defeasance”
	  	8.2
	 “Euroclear”
	  	2.1(a)
	 “Event of Default”
	  	6.1(a)
	 “Excess Proceeds”
	  	3.5(b)
	 “Global Notes”
	  	2.1(a)
	 “Guaranteed Obligations”
	  	10.1
	 “Initial Lien”
	  	3.6(a)
	 “Issuer Order”
	  	2.2
	 “Legal Holiday”
	  	13.7
	 “Note Guarantees”
	  	10.1
	 “Notes Register”
	  	2.3
	 “protected purchaser”
	  	2.7

  
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	 Term
	  	Defined in
Section
	 “Redemption Date”
	  	5.1
	 “Registrar”
	  	2.3
	 “Regulation S Global Note”
	  	2.1(a)
	 “Regulation S Notes”
	  	2.1(a)
	 “Restricted Global Note”
	  	2.6(e)
	 “Restricted Period”
	  	2.1(a)
	 “Rule 144A Global Note”
	  	2.1(a)
	 “Rule 144A Notes”
	  	2.1(a)
	 “Sale/Leaseback Transaction”
	  	3.7
	 “Satisfaction and Discharge”
	  	11.1
	 “Secured Indebtedness”
	  	6.1(a)(4)
	 “Special Interest Payment Date”
	  	2.11(a)
	 “Special Record Date”
	  	2.11(a)
	 “TIA”
	  	1.4
	 “Unrestricted Global Note”
	  	2.6(e)
	 “USA PATRIOT Act”
	  	13.11

 SECTION 1.3. Rules of Construction. Unless the context otherwise requires: 

(1) a term has the meaning assigned to it; 

(2) an accounting term not otherwise defined has the meaning assigned to it in accordance with GAAP; 

(3) “or” is not exclusive; 

(4) “including” means including without limitation; 

(5) words in the singular include the plural and words in the plural include the singular; 

(6) “will” shall be interpreted to express a command; 

(7) all amounts expressed in this Indenture or in any of the Notes in terms of money refer to the lawful currency of the United
States of America; 
 (8) the words “herein,” “hereof” and “hereunder” and other words of
similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision of this Indenture; and 

(9) references to “Article,” “Section” or other subdivision herein are references to an Article, Section or
other subdivision of this Indenture. 

  
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 SECTION 1.4. Inapplicability of the Trust Indenture Act. No provisions of the Trust
Indenture Act of 1939, as amended (the “TIA”), are incorporated by reference in or made a part of this Indenture unless explicitly incorporated by reference. Unless specifically provided in this Indenture, no terms that are defined
under the TIA have such meanings for purposes of this Indenture. 
 ARTICLE II 

THE NOTES 
 SECTION 2.1.
Form, Dating and Terms. 
 (a) The aggregate principal amount of Notes that may be authenticated and delivered under this Indenture is
unlimited. The Initial Notes issued on the date hereof will be in an aggregate principal amount of $500,000,000. In addition, the Issuer may issue, from time to time in accordance with the provisions of this Indenture, Additional Notes. Furthermore,
Notes may be authenticated and delivered upon registration of transfer, exchange or in lieu of other Notes pursuant to Section 2.2, 2.6, 2.7, 2.9, 5.6 or 9.5, in connection with an Asset Disposition
Offer pursuant to Section 3.5 or in connection with a Change of Control Offer pursuant to Section 3.9. 

Notwithstanding anything to the contrary contained herein, the Issuer may not issue any Additional Notes, unless such issuance is in
compliance with Section 3.6. 
 With respect to any Additional Notes, the Issuer shall set forth in an Officer’s
Certificate or one or more indentures supplemental hereto, the following information: 
 (A) the aggregate principal amount
of such Additional Notes to be authenticated and delivered pursuant to this Indenture; 
 (B) the issue price and the issue
date of such Additional Notes, including the date from which interest shall accrue; and 
 (C) whether such Additional Notes
shall be Restricted Notes. 
 In authenticating and delivering Additional Notes, the Trustee shall be entitled to receive and shall be fully
protected in relying upon the Opinion of Counsel and Officer’s Certificate required by Section 13.3. 
 The Initial Notes
and the Additional Notes shall be considered collectively as a single class for all purposes of this Indenture. Holders of the Initial Notes and the Additional Notes will vote and consent together on all matters to which such Holders are entitled to
vote or consent as one class, and none of the Holders of the Initial Notes or the Additional Notes shall have the right to vote or consent as a separate class on any matter to which such Holders are entitled to vote or consent. 

Initial Notes and any Additional Notes that are Restricted Notes (“Additional Restricted Notes”) offered and sold to QIBs in
the United States of America in reliance on Rule 144A (the “Rule 144A Notes”) shall be issued in the form of a permanent global Note substantially in the form of Exhibit A, which is hereby incorporated by
reference and made a part of this Indenture, including appropriate legends as set forth in Sections 2.1(c) and (d) (the “Rule 144A Global Note”), deposited with the Trustee, as custodian for DTC, duly
executed by the Issuer and authenticated by the Trustee as hereinafter provided. The Rule 144A Global Note may be represented by more than one certificate, if so required by DTC’s rules regarding the maximum principal amount to be
represented by a single certificate. The aggregate principal amount of the Rule 144A Global Note may from time to time be increased or decreased by adjustments made on the records of the Trustee, as Notes Custodian for DTC or its nominee, as
hereinafter provided. 
 Initial Notes and any Additional Restricted Notes offered and sold outside the United States of America (the
“Regulation S Notes”) in reliance on Regulation S shall be issued in the form of a permanent global Note (the “Regulation S Global Note”) in the form of Exhibit A including appropriate
legends as set forth in Sections 2.1(c)  

  
 -23- 

 
and (d). Each Regulation S Global Note will be deposited upon issuance with, or on behalf of, the Trustee as Notes Custodian for DTC in the manner described in this
Article II for credit to the respective accounts of the purchasers (or to such other accounts as they may direct), including, but not limited to, accounts at Euroclear Bank S.A./N.V. (“Euroclear”) or Clearstream Banking,
société anonyme (“Clearstream”). Prior to the 40th day after the later of the commencement of the offering of the Initial Notes and the Issue Date (such period through and including such 40th day, the
“Restricted Period”), interests in the Regulation S Global Note may only be transferred to non-U.S. persons pursuant to Regulation S, unless exchanged for interests in a Global Note
in accordance with the transfer and certification requirements described herein. 
 Investors may hold their interests in the
Regulation S Global Note through organizations other than Euroclear or Clearstream that are participants in DTC’s system or directly through Euroclear or Clearstream, if they are participants in such systems, or indirectly through
organizations which are participants in such systems. If such interests are held through Euroclear or Clearstream, Euroclear and Clearstream will hold such interests in the applicable Regulation S Global Note on behalf of their participants
through customers’ securities accounts in their respective names on the books of their respective depositaries. Such depositaries, in turn, will hold such interests in the applicable Regulation S Global Note in customers’ securities
accounts in the depositaries’ names on the books of DTC. 
 The Regulation S Global Note may be represented by more than one
certificate, if so required by DTC’s rules regarding the maximum principal amount to be represented by a single certificate. The aggregate principal amount of the Regulation S Global Note may from time to time be increased or decreased by
adjustments made on the records of the Trustee, as custodian for DTC or its nominee, as hereinafter provided. 
 The Rule 144A Global
Notes and the Regulation S Global Notes and any other global notes evidencing Notes issued under this Indenture are sometimes collectively herein referred to as the “Global Notes.” 

The principal of, premium, if any, and interest due on the Notes shall be payable at the office or agency of the Paying Agent designated by
the Issuer maintained for such purpose (which shall initially be the office of the Trustee maintained for such purpose), or at such other office or agency of the Issuer as may be maintained for such purpose pursuant to Section 2.3;
provided, however, that, at the option of the Paying Agent, each installment of interest may be paid by (i) check mailed to addresses of the Persons entitled thereto as such addresses shall appear on the Notes Register or
(ii) wire transfer to an account located in the United States maintained by the payee, subject to the last sentence of this paragraph. Payments in respect of Notes represented by a Global Note (including principal, premium, if any, and
interest) will be made by wire transfer of immediately available funds to the accounts specified by the Holders thereof or otherwise in accordance with the applicable procedures of DTC. Payments in respect of Notes represented by Definitive Notes
(including principal, premium, if any, and interest) held by a Holder of at least $1,000,000 aggregate principal amount of Notes represented by Definitive Notes will be made by wire transfer to a Dollar account maintained by the payee with a bank in
the United States if such Holder elects payment by wire transfer by giving written notice to the Trustee or the Paying Agent to such effect designating such account no later than fifteen (15) days immediately preceding the relevant due date for
payment (or such other date as the Trustee may accept in its discretion). 
 The Notes may have notations, legends or endorsements required
by law, stock exchange rule or usage, in addition to those set forth on Exhibit A and in Sections 2.1(c) and (d). The Issuer shall approve any notation, endorsement or legend on the Notes. Each Note shall be dated the
date of its authentication. The terms of the Notes set forth in Exhibit A are part of the terms of this Indenture and, to the extent applicable, the Issuer, the Guarantors and the Trustee, by their execution and delivery of this
Indenture, expressly agree to be bound by such terms. 
 (b) Denominations. The Notes shall be in minimum denominations of $2,000 and
integral multiples of $1,000 in excess thereof. 

  
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 (c) Restrictive Legends. Unless and until (i) an Initial Note or an Additional
Restricted Note is sold under an effective registration statement or (ii) the Issuer and the Trustee receive an Opinion of Counsel reasonably satisfactory to the Issuer to the effect that neither such legend nor the related restrictions on
transfer are required in order to maintain compliance with the provisions of the Securities Act, the Rule 144A Global Note and the Regulation S Global Note shall bear the following legend on the face thereof: 

THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF
ANY STATE OR OTHER JURISDICTION. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH
TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. 
 THE HOLDER OF THIS SECURITY, BY ITS
ACCEPTANCE HEREOF, AGREES ON ITS OWN BEHALF AND ON BEHALF OF ANY INVESTOR ACCOUNT FOR WHICH IT HAS PURCHASED SECURITIES, TO OFFER, SELL OR OTHERWISE TRANSFER SUCH SECURITY, PRIOR TO THE DATE THAT IS ONE YEAR (IN THE CASE OF THE 144A NOTES) OR 40
DAYS (IN THE CASE OF THE REGULATION S NOTES) AFTER THE LATER OF THE ORIGINAL ISSUE DATE OF THE NOTES AND THE LAST DATE ON WHICH THE ISSUER OR ANY AFFILIATE OF THE ISSUER WAS THE OWNER OF THIS NOTE (OR ANY PREDECESSOR OF THIS NOTE) ONLY (A) TO
THE ISSUER, (B) PURSUANT TO A REGISTRATION STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (C) FOR SO LONG AS THE SECURITIES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT, TO A PERSON IT
REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS
BEING MADE IN RELIANCE ON RULE 144A UNDER THE SECURITIES ACT OR (D) PURSUANT TO OFFERS AND SALES THAT OCCUR OUTSIDE THE UNITED STATES WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT, SUBJECT TO THE ISSUER’S AND THE
TRUSTEE’S RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO CLAUSE (D) TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM. 

(d) Global Note Legend. Each Global Note, whether or not an Initial Note, shall bear the following legend on the face thereof: 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION
(“DTC”), NEW YORK, NEW YORK, TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 TRANSFERS OF THIS GLOBAL NOTE SHALL BE
LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO DTC, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE
RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF. 
 (e) Book-Entry
Provisions. (i) This Section 2.1(e) shall apply only to Global Notes deposited with the Trustee, as custodian for DTC. 

  
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 (1) Each Global Note initially shall (x) be registered in the name of DTC or
the nominee of DTC, (y) be delivered to the Notes Custodian for DTC and (z) bear legends as set forth in Section 2.1(d). Transfers of a Global Note (but not a beneficial interest therein) will be limited to transfers thereof in
whole, but not in part, to DTC, its successors or its respective nominees, except as set forth in Section 2.1(e)(3) and 2.1(f). If a beneficial interest in a Global Note is transferred or exchanged for a beneficial interest in
another Global Note, the Notes Custodian will (x) record a decrease in the principal amount of the Global Note being transferred or exchanged equal to the principal amount of such transfer or exchange and (y) record a like increase in the
principal amount of the other Global Note. Any beneficial interest in one Global Note that is transferred to a Person who takes delivery in the form of an interest in another Global Note, or exchanged for an interest in another Global Note, will,
upon transfer or exchange, cease to be an interest in such Global Note and become an interest in the other Global Note and, accordingly, will thereafter be subject to all transfer and exchange restrictions, if any, and other procedures applicable to
beneficial interests in such other Global Note for as long as it remains such an interest. 
 (2) Members of, or participants
in, DTC (“Agent Members”) shall have no rights under this Indenture with respect to any Global Note held on their behalf by DTC or by the Notes Custodian as the custodian of DTC or under such Global Note, and DTC may be treated by
the Issuer, the Trustee and any agent of the Issuer or the Trustee as the absolute owner of such Global Note for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Issuer, the Trustee or any agent of the Issuer
or the Trustee from giving effect to any written certification, proxy or other authorization furnished by DTC or impair, as between DTC and its Agent Members, the operation of customary practices of DTC governing the exercise of the rights of a
holder of a beneficial interest in any Global Note. 
 (3) In connection with any transfer of a portion of the beneficial
interest in a Global Note pursuant to Section 2.1(f) to beneficial owners who are required to hold Definitive Notes, the Notes Custodian shall reflect on its books and records the date and a decrease in the principal amount of such
Global Note in an amount equal to the principal amount of the beneficial interest in the Global Note to be transferred, and the Issuer shall execute, and the Trustee shall authenticate and make available for delivery, one or more Definitive Notes of
like tenor and amount. 
 (4) In connection with the transfer of an entire Global Note to beneficial owners pursuant to
Section 2.1(f), such Global Note shall be deemed to be surrendered to the Trustee for cancellation, and the Issuer shall execute, and the Trustee shall authenticate and make available for delivery, to each beneficial owner identified by
DTC in exchange for its beneficial interest in such Global Note, an equal aggregate principal amount of Definitive Notes of authorized denominations. 

(5) The registered Holder of a Global Note may grant proxies and otherwise authorize any person, including Agent Members and
persons that may hold interests through Agent Members, to take any action which a Holder is entitled to take under this Indenture or the Notes. 

(6) Any Holder of a Global Note shall, by acceptance of such Global Note, agree that transfers of beneficial interests in such
Global Note may be effected only through a book-entry system maintained by (i) the Holder of such Global Note (or its agent) or (ii) any holder of a beneficial interest in such Global Note, and that
ownership of a beneficial interest in such Global Note shall be required to be reflected in a book entry. 
 (f) Definitive Notes.
Except as provided below in this paragraph (f), owners of beneficial interests in Global Notes will not be entitled to receive Definitive Notes. Definitive Notes shall be transferred to all beneficial owners in exchange for their beneficial
interests in a Global Note if (A) DTC notifies the Issuer that it is unwilling or unable to continue to act as Depositary for the Global Note or that DTC ceases to be a clearing agency registered under the Exchange Act, and, in either case, the
Issuer fails to appoint a successor depositary within 90 days after the date of such notice, or (B) there shall have occurred and be continuing an Event of Default with respect to the Notes under this Indenture and DTC shall have requested the
issuance of Definitive Notes. In the event of the occurrence of any of the events specified in the second preceding sentence or in clause (A) or (B) of the preceding sentence, the Issuer shall promptly make available to the Trustee a
reasonable supply of Definitive Notes. In addition, any Note transferred to an affiliate (as defined in Rule 405 under the Securities Act) of the Issuer or evidencing 

  
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a Note that has been acquired by an affiliate in a transaction or series of transactions not involving any public offering must, until one year after the last date on which either the Issuer or
any Affiliate of the Issuer was an owner of the Note, be in the form of a Definitive Note and bear the legend regarding transfer restrictions in Section 2.1(d). If required to do so pursuant to any applicable law or regulation,
beneficial owners may also obtain Definitive Notes in exchange for their beneficial interests in a Global Note upon written request in accordance with DTC’s and the Registrar’s procedures. 

(1) Any Definitive Note delivered in exchange for an interest in a Global Note pursuant to this Section 2.1(f) shall, except as
otherwise provided by Section 2.6(d), bear the applicable legend regarding transfer restrictions applicable to the Global Note set forth in Section 2.1(c). 

(2) If a Definitive Note is transferred or exchanged for a beneficial interest in a Global Note, the Trustee will (x) cancel such
Definitive Note, (y) record an increase in the principal amount of such Global Note equal to the principal amount of such transfer or exchange and (z) in the event that such transfer or exchange involves less than the entire principal
amount of the canceled Definitive Note, the Issuer shall execute, and the Trustee shall authenticate and make available for delivery, to the transferring Holder a new Definitive Note representing the principal amount not so transferred. 

(3) If a Definitive Note is transferred or exchanged for another Definitive Note, (x) the Trustee will cancel the Definitive Note being
transferred or exchanged, (y) the Issuer shall execute, and the Trustee shall authenticate and make available for delivery, one or more new Definitive Notes in authorized denominations having an aggregate principal amount equal to the principal
amount of such transfer or exchange to the transferee (in the case of a transfer) or the Holder of the canceled Definitive Note (in the case of an exchange), registered in the name of such transferee or Holder, as applicable, and (z) if such
transfer or exchange involves less than the entire principal amount of the canceled Definitive Note, the Issuer shall execute, and the Trustee shall authenticate and make available for delivery to the Holder thereof, one or more Definitive Notes in
authorized denominations having an aggregate principal amount equal to the untransferred or unexchanged portion of the canceled Definitive Notes, registered in the name of the Holder thereof. 

SECTION 2.2. Execution and Authentication. One Officer of the Issuer shall sign the Notes for the Issuer by manual, facsimile or pdf
signature. If the Officer whose signature is on a Note no longer holds that office at the time the Trustee authenticates the Note, the Note shall be valid nevertheless. 

A Note shall not be valid until an authorized officer of the Trustee manually authenticates the Note. The signature of the Trustee on a Note
shall be conclusive evidence that such Note has been duly and validly authenticated and issued under this Indenture. A Note shall be dated the date of its authentication. 

At any time and from time to time after the execution and delivery of this Indenture, the Trustee shall authenticate and make available for
delivery: (1) Initial Notes for original issue on the Issue Date in an aggregate principal amount of $500,000,000, (2) subject to Section 3.6, Additional Notes for original issue in an unlimited principal amount and
(3) under the circumstances set forth in Section 2.6(e), Initial Notes in the form of an Unrestricted Global Note, in each case upon a written order of the Issuer signed by one Officer of the Issuer (the “Issuer
Order”). The Issuer Order shall specify whether the Notes will be in the form of Definitive Notes or Global Notes, the amount of the Notes to be authenticated, the date on which the original issue of Notes is to be authenticated, the Holder
of the Notes and whether the Notes are to be Initial Notes or Additional Notes. 
 The Trustee may appoint an agent (the
“Authenticating Agent”) reasonably acceptable to the Issuer to authenticate the Notes. Any such appointment shall be evidenced by an instrument signed by a Trust Officer, a copy of which shall be furnished to the Issuer. Unless
limited by the terms of such appointment, any such Authenticating Agent may authenticate Notes whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by the Authenticating Agent. An
Authenticating Agent has the same rights as any Registrar, Paying Agent or agent for service of notices and demands. 
 In case the Issuer,
pursuant to Article IV, shall be consolidated or merged with or into any other corporation or shall convey or transfer all or substantially all of its properties or assets to any Person, and the successor Person resulting from such
consolidation, or surviving such merger, or into which the Issuer or any Guarantor shall 

  
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have been merged, or the Person which shall have received a conveyance or transfer as aforesaid, shall have executed an indenture supplemental hereto with the Trustee pursuant to
Article IV, any of the Notes authenticated or delivered prior to such consolidation, merger, conveyance or transfer may (but shall not be required), from time to time, at the request of the successor Person, be exchanged for other Notes
executed in the name of the successor Person with such changes in phraseology and form as may be appropriate to reflect such successor Person, but otherwise in substance of like tenor as the Notes surrendered for such exchange and of like principal
amount; and the Trustee, upon the Issuer Order of the successor Person, shall authenticate and make available for delivery Notes as specified in such order for the purpose of such exchange. If Notes shall at any time be authenticated and delivered
in any new name of a successor Person pursuant to this Section 2.2 in exchange or substitution for or upon registration of transfer of any Notes, such successor Person, at the option of the Holders but without expense to them, shall
provide for the exchange of all Notes at the time outstanding for Notes authenticated and delivered in such new name. 
 SECTION 2.3.
Registrar and Paying Agent. The Issuer shall maintain an office or agency where Notes may be presented for registration of transfer or for exchange (the “Registrar”) and an office or agency where Notes may be presented for
payment. The Registrar shall keep a register of the Notes and of their transfer and exchange (the “Notes Register”). The Issuer may have one or more co-registrars and one or more additional paying agents. The term “Paying
Agent” includes any additional paying agent and the term “Registrar” includes any co-registrar. 
 The Issuer shall enter
into an appropriate agency agreement with any Registrar or Paying Agent not a party to this Indenture. The agreement shall implement the provisions of this Indenture that relate to such agent. The Issuer shall notify the Trustee in writing of the
name and address of each such agent. If the Issuer fails to maintain a Registrar or Paying Agent, the Trustee shall act as such and shall be entitled to appropriate compensation therefor pursuant to Section 7.7. The Issuer or any
Guarantor may act as Paying Agent, Registrar or transfer agent. 
 The Issuer initially appoints DTC to act as Depositary with respect to
the Global Notes. The Issuer initially appoints the Trustee to act as the Registrar and Paying Agent for the Notes and the Issuer may remove any Registrar or Paying Agent without prior notice to the Holders, but upon written notice to such Registrar
or Paying Agent and to the Trustee; provided, however, that no such removal shall become effective until (i) acceptance of any appointment by a successor as evidenced by an appropriate agreement entered into by the Issuer and such
successor Registrar or Paying Agent, as the case may be, and delivered to the Trustee and the passage of any waiting or notice periods required by DTC procedures or (ii) written notification to the Trustee that the Trustee shall serve as
Registrar or Paying Agent until the appointment of a successor in accordance with clause (i) above. The Registrar or Paying Agent may resign at any time upon written notice to the Issuer and the Trustee. 

SECTION 2.4. Paying Agent to Hold Money in Trust. Prior to 10:00 a.m. (Eastern Time), on each date of the principal of, premium, if
any, or interest on any Note is due and payable, the Issuer shall deposit with the Paying Agent a sum sufficient in immediately available funds to pay such principal, premium, if any, or interest when due. The Issuer shall require the Paying Agent
(other than the Trustee) to agree in writing that such Paying Agent shall hold in trust for the benefit of Holders or the Trustee all money held by such Paying Agent for the payment of principal of, premium, if any, or interest on the Notes (whether
such assets have been distributed to it by the Issuer or other obligors on the Notes), shall notify the Trustee in writing of any default by the Issuer or any Guarantor in making any such payment and shall during the continuance of any default by
the Issuer (or any other obligor upon the Notes) or any Guarantor in the making of any payment in respect of the Notes, upon the written request of the Trustee, forthwith deliver to the Trustee all sums held in trust by such Paying Agent for payment
in respect of the Notes together with a full accounting thereof. If the Issuer or a Subsidiary of the Issuer acts as Paying Agent, it shall segregate the money held by it as Paying Agent and hold it as a separate trust fund. The Issuer at any time
may require a Paying Agent (other than the Trustee) to pay all money held by it to the Trustee and to account for any funds or assets disbursed by such Paying Agent. Upon complying with this Section 2.4, the Paying Agent (if other than
the Issuer or a Subsidiary of the Issuer) shall have no further liability for the money delivered to the Trustee. Upon any bankruptcy, insolvency, reorganization or similar proceeding with respect to the Issuer, the Trustee shall serve as Paying
Agent for the Notes. 
 SECTION 2.5. Holder Lists. The Trustee shall preserve in as current a form as is reasonably practicable the
most recent list available to it of the names and addresses of Holders. If the Trustee is not the Registrar, the Issuer, on its own behalf and on behalf of each of the Guarantors, shall furnish or cause the Registrar to furnish to

  
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the Trustee, in writing at least five Business Days before each interest payment date and at such other times as the Trustee may request in writing, a list in such form and as of such date as the
Trustee may reasonably require of the names and addresses of Holders and the Issuer. 
 SECTION 2.6. Transfer and Exchange. 

(a) A Holder may transfer a Note (or a beneficial interest therein) to another Person or exchange a Note (or a beneficial interest therein) for
another Note or Notes of any authorized denomination by presenting to the Trustee a written request therefor stating the name of the proposed transferee or requesting such an exchange, accompanied by any certification, opinion or other document
required by this Section 2.6. The Trustee will promptly register any transfer or exchange that meets the requirements of this Section 2.6 by noting the same in the Notes Register maintained by the Trustee for the purpose, and
no transfer or exchange will be effective until it is registered in such Notes Register. The transfer or exchange of any Note (or a beneficial interest therein) may only be made in accordance with this Section 2.6 and
Sections 2.1(e) and 2.1(f), as applicable, and, in the case of a Global Note (or a beneficial interest therein), the applicable rules and procedures of DTC, Euroclear and Clearstream. The Trustee shall refuse to register any
requested transfer or exchange that does not comply with this Section 2.6(a). 
 (b) Transfers of Rule 144A Notes.
The following provisions shall apply with respect to any proposed registration of transfer of a Rule 144A Note prior to the date that is one year after the later of the date of its original issue and the last date on which the Issuer or any
Affiliate of the Issuer was the owner of such Notes (or any predecessor thereto): 
 (1) a registration of transfer of a
Rule 144A Note or a beneficial interest therein to a QIB shall be made upon the representation of the transferee in the form as set forth on the reverse of the Note that it is purchasing for its own account or an account with respect to which
it exercises sole investment discretion and that it and any such account is a “qualified institutional buyer” within the meaning of Rule 144A, and is aware that the sale to it is being made in reliance on Rule 144A and
acknowledges that it has received such information regarding the Issuer as the undersigned has requested pursuant to Rule 144A or has determined not to request such information and that it is aware that the transferor is relying upon its
foregoing representations in order to claim the exemption from registration provided by Rule 144A; provided that no such written representation or other written certification shall be required in connection with the transfer of a
beneficial interest in the Rule 144A Global Note to a transferee in the form of a beneficial interest in that Rule 144A Global Note in accordance with this Indenture and the applicable procedures of DTC; and 

(2) a registration of transfer of a Rule 144A Note or a beneficial interest therein to a
Non-U.S. Person shall be made upon receipt by the Issuer and the Registrar or its agent of a certificate substantially in the form set forth in Exhibit C from the proposed transferee and the delivery of
an Opinion of Counsel, certification and/or other information satisfactory to the Issuer. 
 (c) Transfers of Regulation S
Notes. The following provisions shall apply with respect to any proposed transfer of a Regulation S Note prior to the expiration of the Restricted Period: 

(1) a transfer of a Regulation S Note or a beneficial interest therein to a QIB shall be made upon the representation of
the transferee, in the form of assignment on the reverse of the certificate, that it is purchasing the Note for its own account or an account with respect to which it exercises sole investment discretion and that it and any such account is a
“qualified institutional buyer” within the meaning of Rule 144A, is aware that the sale to it is being made in reliance on Rule 144A and acknowledges that it has received such information regarding the Issuer as the undersigned
has requested pursuant to Rule 144A or has determined not to request such information and that it is aware that the transferor is relying upon its foregoing representations in order to claim the exemption from registration provided by
Rule 144A; and 
 (2) a transfer of a Regulation S Note or a beneficial interest therein to a Non-U.S. Person shall be made upon receipt by the Registrar or its agent of a certificate substantially in the form set forth in Exhibit C hereof from the proposed transferee and receipt by the Issuer and
Registrar or its agent of an Opinion of Counsel, certification and/or other information satisfactory to the Issuer. 

  
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 After the expiration of the Restricted Period, interests in the Regulation S Note may be
transferred in accordance with applicable law without requiring the certification set forth in Exhibit C or any additional certification. 

(d) Restricted Notes Legend. Upon the transfer, exchange or replacement of Notes not bearing a Restricted Notes Legend, the Registrar
shall deliver Notes that do not bear a Restricted Notes Legend. Upon the transfer, exchange or replacement of Notes bearing a Restricted Notes Legend, the Registrar shall deliver only Notes that bear a Restricted Notes Legend unless (1) an
Initial Note is being transferred pursuant to an effective registration statement, (2) Initial Notes are being exchanged for Notes that do not bear the Restricted Notes Legend in accordance with Section 2.6(e) or (3) there is
delivered to the Registrar an Opinion of Counsel stating that neither such legend nor the related restrictions on transfer are required in order to maintain compliance with the provisions of the Securities Act. Any Additional Notes sold in a
registered offering shall not be required to bear the Restricted Notes Legend. 
 (e) Automatic Exchange from Global Note Bearing
Restricted Notes Legend to Global Note Not Bearing Restricted Notes Legend. Upon the Issuer’s satisfaction that the Restricted Notes Legend shall no longer be required in order to maintain compliance with the Securities Act, beneficial
interests in a Global Note bearing the Restricted Notes Legend (a “Restricted Global Note”) may be automatically exchanged into beneficial interests in a Global Note not bearing the Restricted Notes Legend (an “Unrestricted
Global Note”) without any action required by or on behalf of the Holder (the “Automatic Exchange”) at any time on or after the date that is the 366th calendar day after (1) with respect to the Notes issued on the Issue
Date, the Issue Date or (2) with respect to Additional Restricted Notes, if any, the issue date of such Additional Restricted Notes, or, in each case, if such day is not a Business Day, on the next succeeding Business Day (the
“Automatic Exchange Date”). Upon the Issuer’s satisfaction that the Restricted Notes Legend shall no longer be required in order to maintain compliance with the Securities Act, the Issuer, upon request by any Holder, shall
(i) provide written notice to DTC and the Trustee at least fifteen (15) calendar days prior to the Automatic Exchange Date, instructing DTC to exchange all of the outstanding beneficial interests in a particular Restricted Global Note to
the Unrestricted Global Note, which the Issuer shall have previously otherwise made eligible for exchange with DTC, (ii) provide prior written notice (the “Automatic Exchange Notice”) to each Holder at such Holder’s
address appearing in the register of Holders at least fifteen (15) calendar days prior to the Automatic Exchange Date (the “Automatic Exchange Notice Date”), which notice must include (w) the Automatic Exchange Date,
(x) the section of this Indenture pursuant to which the Automatic Exchange shall occur, (y) the “CUSIP” number of the Restricted Global Note from which such Holder’s beneficial interests will be transferred and (z) the
“CUSIP” number of the Unrestricted Global Note into which such Holder’s beneficial interests will be transferred, and (iii) on or prior to the Automatic Exchange Date, deliver to the Trustee for authentication one or more
Unrestricted Global Notes, duly executed by the Issuer, in an aggregate principal amount equal to the aggregate principal amount of Restricted Global Notes to be exchanged into such Unrestricted Global Notes. 

Notwithstanding anything to the contrary in this Section 2.6(e), during the fifteen (15) calendar day period prior to the
Automatic Exchange Date, no transfers or exchanges other than pursuant to this Section 2.6(e) shall be permitted without the prior written consent of the Issuer. As a condition to any Automatic Exchange, the Issuer shall provide, and the
Trustee shall be entitled to conclusively rely upon, an Officer’s Certificate and Opinion of Counsel to the Issuer to the effect that the Automatic Exchange shall be effected in compliance with the Securities Act and that the restrictions on
transfer contained herein and in the Restricted Notes Legend shall no longer be required in order to maintain compliance with the Securities Act and that the aggregate principal amount of the particular Restricted Global Note is to be transferred to
the particular Unrestricted Global Note by adjustment made on the records of the Trustee, as custodian for the Depositary, to reflect the Automatic Exchange. Upon such exchange of beneficial interests pursuant to this Section 2.6(e), the
aggregate principal amount of the Global Notes shall be increased or decreased by adjustments made on the records of the Trustee, as custodian for the Depositary, to reflect the relevant increase or decrease in the principal amount of such Global
Note resulting from the applicable exchange. The Restricted Global Note from which beneficial interests are transferred pursuant to an Automatic Exchange shall be canceled following the Automatic Exchange. 

  
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 (f) Retention of Written Communications. The Registrar shall retain copies of all letters,
notices and other written communications received pursuant to Section 2.1 or this Section 2.6. The Issuer shall have the right to inspect and make copies of all such letters, notices or other written communications at any
reasonable time upon the giving of reasonable prior written notice to the Registrar. 
 (g) Obligations with Respect to Transfers and
Exchanges of Notes. To permit registrations of transfers and exchanges, the Issuer shall, subject to the other terms and conditions of this Article II, execute and the Trustee shall authenticate Definitive Notes and Global Notes at
the Issuer’s and Registrar’s written request. 
 No service charge shall be made to a Holder for any registration of transfer or
exchange, but the Issuer may require the Holder to pay a sum sufficient to cover any transfer tax assessments or similar governmental charge payable in connection therewith (other than any such transfer taxes, assessments or similar governmental
charges payable upon exchange or transfer pursuant to Section 2.2, 2.6, 2.7, 2.9, 5.6 or 9.5). 

The Issuer (and the Registrar) shall not be required to register the transfer of or exchange of any Note (A) for a period beginning
(1) fifteen (15) calendar days before the mailing of a notice of an offer to repurchase or redeem Notes and ending at the close of business on the day of such mailing or (2) fifteen (15) calendar days before an interest payment
date and ending on such interest payment date or (B) called for redemption, except the unredeemed portion of any Note being redeemed in part. 

Prior to the due presentation for registration of transfer of any Note, the Issuer, the Trustee, the Paying Agent or the Registrar may deem
and treat the person in whose name a Note is registered as the owner of such Note for the purpose of receiving payment of principal of, premium, if any, and (subject to paragraph 2 of the form of Note attached hereto as Exhibit A)
interest on such Note and for all other purposes whatsoever, including without limitation the transfer or exchange of such Note, whether or not such Note is overdue, and none of the Issuer, the Trustee, the Paying Agent or the Registrar shall be
affected by notice to the contrary. 
 Any Definitive Note delivered in exchange for an interest in a Global Note pursuant to
Section 2.1(f) shall, except as otherwise provided by Section 2.6(d), bear the applicable legend regarding transfer restrictions applicable to the Definitive Note set forth in Section 2.1(c). 

All Notes issued upon any transfer or exchange pursuant to the terms of this Indenture shall evidence the same debt and shall be entitled to
the same benefits under this Indenture as the Notes surrendered upon such transfer or exchange. 
 (h) No Obligation of the Trustee.
The Trustee shall have no responsibility or obligation to any beneficial owner of a Global Note, a member of, or a participant in, DTC or other Person with respect to the accuracy of the records of DTC or its nominee or of any participant or member
thereof, with respect to any ownership interest in the Notes or with respect to the delivery to any participant, member, beneficial owner or other Person (other than DTC) of any notice (including any notice of redemption) or the payment of any
amount or delivery of any Notes (or other security or property) under or with respect to such Notes. All notices and communications to be given to the Holders and all payments to be made to Holders in respect of the Notes shall be given or made only
to or upon the order of the registered Holders (which shall be DTC or its nominee in the case of a Global Note). The rights of beneficial owners in any Global Note shall be exercised only through DTC subject to the applicable rules and procedures of
DTC. The Trustee may rely and shall be fully protected in relying upon information furnished by DTC with respect to its members, participants and any beneficial owners. 

The Trustee shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under
this Indenture or under applicable law with respect to any transfer of any interest in any Note (including any transfers between or among DTC participants, members or beneficial owners in any Global Note) other than to require delivery of such
certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by, the terms of this Indenture, and to examine the same to determine substantial compliance as to form with the express
requirements hereof. Neither the Trustee nor any of its agents shall have any responsibility for any actions taken or not taken by DTC. 

  
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 SECTION 2.7. Mutilated, Destroyed, Lost or Stolen Notes. 

If a mutilated Note is surrendered to the Registrar or if the Holder of a Note claims that the Note has been lost, destroyed or wrongfully
taken, the Issuer shall issue and the Trustee shall authenticate a replacement Note if the requirements of Section 8-405 of the UCC are met, such that the Holder (a) satisfies the Issuer and the
Trustee that such Note has been lost, destroyed or wrongfully taken within a reasonable time after such Holder has notice of such loss, destruction or wrongful taking and the Registrar has not registered a transfer prior to receiving such
notification, (b) makes such request to the Issuer and the Trustee prior to the Note being acquired by a protected purchaser as defined in Section 8-303 of the UCC (a “protected
purchaser”) and (c) satisfies any other reasonable requirements of the Trustee; provided, however, if after the delivery of such replacement Note, a protected purchaser of the Note for which such replacement Note was
issued presents for payment or registration such replaced Note, the Trustee and/or the Issuer shall be entitled to recover such replacement Note from the Person to whom it was issued and delivered or any Person taking therefrom, except a protected
purchaser, and shall be entitled to recover upon the security or indemnity provided therefor to the extent of any loss, damage, cost or expense incurred by the Issuer or the Trustee in connection therewith. Such Holder shall furnish an indemnity
bond sufficient in the judgment of (i) the Trustee to protect the Trustee and (ii) the Issuer to protect the Issuer, the Trustee, the Paying Agent and the Registrar, from any loss which any of them may suffer if a Note is replaced, and, in
the absence of notice to the Issuer, any Guarantor or the Trustee that such Note has been acquired by a protected purchaser, the Issuer shall execute, and upon receipt of an Issuer Order, the Trustee shall authenticate and make available for
delivery, in exchange for any such mutilated Note or in lieu of any such destroyed, lost or stolen Note, a new Note of like tenor and principal amount, bearing a number not contemporaneously outstanding. 

In case any such mutilated, destroyed, lost or stolen Note has become or is about to become due and payable, the Issuer in its discretion may,
instead of issuing a new Note, pay such Note. 
 Upon the issuance of any new Note under this Section 2.7, the Issuer may
require that such Holder pay a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of counsel and of the Trustee) in connection therewith. 

Subject to the proviso in the initial paragraph of this Section 2.7, every new Note issued pursuant to this
Section 2.7, in lieu of any mutilated, destroyed, lost or stolen Note, shall constitute an original additional contractual obligation of the Issuer, any Guarantor (if applicable) and any other obligor upon the Notes, whether or not the
mutilated, destroyed, lost or stolen Note shall be at any time enforceable by anyone, and shall be entitled to all benefits of this Indenture equally and proportionately with any and all other Notes duly issued hereunder. 

The provisions of this Section 2.7 are exclusive and shall preclude (to the extent lawful) all other rights and remedies with
respect to the replacement or payment of mutilated, destroyed, lost or stolen Notes. 
 SECTION 2.8. Outstanding Notes. Notes
outstanding at any time are all Notes authenticated by the Trustee except for those canceled by it, those delivered to it for cancellation, those paid pursuant to Section 2.7 and those described in this Section 2.8 as not
outstanding. A Note does not cease to be outstanding in the event the Issuer or an Affiliate of the Issuer holds the Note; provided, however, that (i) for purposes of determining which Notes are outstanding for consent or voting
purposes hereunder, the provisions of Section 13.5 shall apply and (ii) in determining whether the Trustee shall be protected in making a determination whether the Holders of the requisite principal amount of outstanding Notes are
present at a meeting of Holders of Notes for quorum purposes or have consented to or voted in favor of any request, demand, authorization, direction, notice, consent, waiver, amendment or modification hereunder, or relying upon any such quorum,
consent or vote, only Notes which a Trust Officer of the Trustee actually knows to be held by the Issuer or an Affiliate of the Issuer shall not be considered outstanding. 

If a Note is replaced pursuant to Section 2.7 (other than a mutilated Note surrendered for replacement), it ceases to be
outstanding unless the Trustee and the Issuer receive proof satisfactory to them that the replaced Note is held by a protected purchaser. A mutilated Note ceases to be outstanding upon surrender of such Note and replacement pursuant to
Section 2.7. 
 If the Paying Agent segregates and holds in trust, in accordance with this Indenture, on a Redemption Date or
maturity date, money sufficient to pay all principal, premium, if any, and accrued interest payable on that date 

  
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with respect to the Notes (or portions thereof) to be redeemed or maturing, as the case may be, and the Paying Agent is not prohibited from paying such money to the Holders on that date pursuant
to the terms of this Indenture, then on and after that date such Notes (or portions thereof) cease to be outstanding and interest on them ceases to accrue. 

SECTION 2.9. Temporary Notes. In the event that Definitive Notes are to be issued under the terms of this Indenture, until such
Definitive Notes are ready for delivery, the Issuer may prepare and the Trustee shall authenticate temporary Notes. Temporary Notes shall be substantially in the form, and shall carry all rights, of Definitive Notes but may have variations that the
Issuer consider appropriate for temporary Notes. Without unreasonable delay, the Issuer shall prepare and the Trustee shall authenticate Definitive Notes. After the preparation of Definitive Notes, the temporary Notes shall be exchangeable for
Definitive Notes upon surrender of the temporary Notes at any office or agency maintained by the Issuer for that purpose and such exchange shall be without charge to the Holder. Upon surrender for cancellation of any one or more temporary Notes, the
Issuer shall execute, and the Trustee shall, upon receipt of an Issuer Order, authenticate and make available for delivery in exchange therefor, one or more Definitive Notes representing an equal principal amount of Notes. Until so exchanged, the
Holder of temporary Notes shall in all respects be entitled to the same benefits under this Indenture as a Holder of Definitive Notes. 

SECTION 2.10. Cancellation. The Issuer at any time may deliver Notes to the Trustee for cancellation. The Registrar and the Paying
Agent shall forward to the Trustee any Notes surrendered to them for registration of transfer, exchange or payment. The Trustee and no one else shall cancel all Notes surrendered for registration of transfer, exchange, payment or cancellation and
dispose of such Notes in accordance with its internal policies and customary procedures (subject to the record retention requirements of the Exchange Act and the Trustee). If the Issuer or any Guarantor acquires any of the Notes, such acquisition
shall not operate as a redemption or satisfaction of the Indebtedness represented by such Notes unless and until the same are surrendered to the Trustee for cancellation pursuant to this Section 2.10. The Issuer may not issue new Notes
to replace Notes it has paid or delivered to the Trustee for cancellation for any reason other than in connection with a transfer or exchange. 

At such time as all beneficial interests in a Global Note have either been exchanged for Definitive Notes, transferred, redeemed, repurchased
or canceled, such Global Note shall be returned by DTC to the Trustee for cancellation or retained and canceled by the Trustee. At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for Definitive Notes,
transferred in exchange for an interest in another Global Note, redeemed, repurchased or canceled, the principal amount of Notes represented by such Global Note shall be reduced and an adjustment shall be made on the books and records of the Trustee
(if it is then the Notes Custodian for such Global Note) with respect to such Global Note, by the Trustee or the Notes Custodian, to reflect such reduction. 

SECTION 2.11. Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or duly provided
for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer
maintained for such purpose pursuant to Section 2.3. 
 Any interest on any Note which is payable, but is not paid when the same
becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted
interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the Issuer, at its election in each case, as provided in clause (a) or
(b) below: 
 (a) The Issuer may elect to make payment of any Defaulted Interest to the Persons in whose names the Notes
(or their respective predecessor Notes) are registered at the close of business on a Special Record Date (as defined below) for the payment of such Defaulted Interest, which shall be fixed in the following manner. The Issuer shall notify the Trustee
in writing of the amount of Defaulted Interest proposed to be paid on each Note and the date of the proposed payment (the “Special Interest Payment Date”), and at the same time the Issuer shall deposit with the Trustee an amount of
money equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed payment, such money when deposited to be held in
trust for the benefit of the Persons entitled to such Defaulted Interest as in this Section 2.11(a). Thereupon the Issuer shall fix a record date (the “Special Record Date”) for the payment of such Defaulted Interest,

  
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which date shall be not more than fifteen (15) calendar days and not less than ten (10) calendar days prior to the Special Interest Payment Date and not less than ten
(10) calendar days after the receipt by the Trustee of the notice of the proposed payment. The Issuer shall promptly notify the Trustee in writing of such Special Record Date, and in the name and at the expense of the Issuer, the Trustee
shall cause notice of the proposed payment of such Defaulted Interest and the Special Record Date and Special Interest Payment Date therefor to be given in the manner provided for in Section 13.1, not less than ten
(10) calendar days prior to such Special Record Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date and Special Interest Payment Date therefor having been so given, such Defaulted Interest shall be
paid on the Special Interest Payment Date to the Persons in whose names the Notes (or their respective predecessor Notes) are registered at the close of business on such Special Record Date and shall no longer be payable pursuant to the provisions
in Section 2.11(b). 
 (b) The Issuer may make payment of any Defaulted Interest in any other lawful manner not
inconsistent with the requirements of any securities exchange on which the Notes may be listed, and upon such notice as may be required by such exchange, if, after written notice given by the Issuer to the Trustee of the proposed payment pursuant to
this Section 2.11(b), such manner of payment shall be deemed practicable by the Trustee. 
 Subject to the foregoing provisions
of this Section 2.11, each Note delivered under this Indenture upon registration of, transfer of or in exchange for or in lieu of any other Note shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by
such other Note. 
 SECTION 2.12. CUSIP and ISIN Numbers. The Issuer in issuing the Notes may use “CUSIP” and
“ISIN” numbers and, if so, the Trustee shall use “CUSIP and “ISIN” numbers in notices of redemption or other notice as a convenience to Holders; provided, however, that any such notice may state that no
representation is made as to the correctness of such numbers either as printed on the Notes or as contained in any notice of a redemption or other notice and that reliance may be placed only on the other identification numbers printed on the Notes,
and any such redemption or other notification shall not be affected by any defect in or omission of such CUSIP and ISIN numbers. The Issuer shall promptly notify the Trustee in writing of any change in the CUSIP and ISIN numbers. 

ARTICLE III 
 COVENANTS

 SECTION 3.1. Payment of Notes. 

The Issuer will pay or cause to be paid the principal of, premium, if any, and interest due on the Notes on the dates and in the manner
provided in the Notes. Principal, premium, if any, and interest due on the Notes will be considered paid on the date due if the Paying Agent, if other than Holdings or a Subsidiary thereof, holds as of 10:00 a.m. (Eastern Time) on the due date money
deposited (or caused or directed to be deposited) by one of the JCP Parties in immediately available funds and designated for and sufficient to pay all principal, premium, if any, and interest then due on the Notes. 

The Issuer will pay interest (including post-petition interest in any proceeding under the Bankruptcy Code) on overdue principal at the then
applicable interest rate on the Notes to the extent lawful; the JCP Parties will pay interest (including post-petition interest in any proceeding under the Bankruptcy Code) on overdue installments of interest (without regard to any applicable grace
period) at the same rate to the extent lawful. 
 SECTION 3.2. Maintenance of Office or Agency. 

The Issuer will maintain an office or agency (which may be an office of the Trustee or an affiliate of the Trustee, Registrar or co-registrar)
where Notes may be surrendered for registration of transfer or for exchange and where notices and demands to or upon the Issuer in respect of the Notes and this Indenture may be served; provided, however, that nothing herein shall be construed to
render the Trustee or any affiliate of the Trustee, Registrar or co-registrar as the agent of the Issuer for service of process. The Issuer will give prompt written notice to the Trustee of 

  
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the location, and any change in the location, of such office or agency. If at any time the Issuer fails to maintain any such required office or agency or fails to furnish the Trustee with the
address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee. 

The Issuer may also from time to time designate one or more other offices or agencies where the Notes may be presented or surrendered for any
or all such purposes and may from time to time rescind such designations; provided, however, that no such designation or rescission will in any manner relieve the JCP Parties of their obligation to maintain an office or agency for such purposes. The
Issuer will give prompt written notice to the Trustee of any such designation or rescission and of any change in the location of any such other office or agency 

SECTION 3.3. Stay, Extension and Usury Laws. The Issuer covenants (to the extent that it may lawfully do so) that they will not at any
time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law wherever enacted, now or at any time hereafter in force, that may affect the covenants or the performance of this
Indenture; and the Issuer (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law, and covenant that it will not, by resort to any such law, hinder, delay or impede the execution of any power
herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such law has been enacted. 

SECTION 3.4. Compliance Certificate. 

The Issuer shall deliver to the Trustee, within 120 days after the end of each Fiscal Year ended after the Issue Date, an Officer’s
Certificate (which need not comply with Section 13.4) stating, as to the signer thereof (who must be the principal executive officer, principal financial officer or principal accounting officer of the Issuer) that: 

(1) a review of the activities of the Issuer during such year and of its performance under this Indenture has been made under his or her
supervision, and 
 (2) to the best of his or her knowledge, based on such review, the Issuer has fulfilled all its obligations under this
Indenture throughout such year, or, if there has been a default in the fulfillment of any such obligation, specifying each such default known to him or her and the nature and status thereof. 

SECTION 3.5. Limitation on Asset Dispositions. 

(a) The Issuer shall not, and shall not permit any of its Subsidiaries to, make any Asset Disposition unless: 

(1) the Issuer or such Subsidiary, as the case may be, receives consideration (including by way of relief from, or by any other
Person assuming responsibility for, any liabilities, contingent or otherwise) at least equal to the fair market value (such fair market value to be determined on the date of contractually agreeing to such Asset Disposition), as determined in good
faith by the Issuer, of the Equity Interests, property or assets subject to such Asset Disposition; or 
 (2) in any such
Asset Disposition, or series of related Asset Dispositions, at least 75% of the consideration from such Asset Disposition (including by way of relief from, or by any other Person assuming responsibility for, any liabilities, contingent or
otherwise), received by the Issuer or such Subsidiary, as the case may be, is in the form of cash, cash equivalents or other Permitted Investments; and 

(3) an amount equal to 100% of the Net Available Cash from such Asset Disposition is applied within 365 days after the receipt
thereof (or, if Holdings or any of its Subsidiaries enters into a binding commitment to acquire such long-term assets within 365 days of receipt of such Net Available Cash, within 540 days of receipt thereof) at the option of the Issuer: 

(i) to repay, redeem, repurchase or otherwise acquire or retire: (I) the Notes; and/or (II) any other Term Loan/Notes
Secured Obligations, provided that in the case of clause (II), the Issuer shall equally and ratably reduce Notes Obligations through (A) open market purchases (to 

  
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the extent such purchases are at or above 100% of the principal amount of the Notes (or, to the extent that such Net Available Cash constitutes Specified Sale/Leaseback Proceeds, 103% of the
principal amount of the Notes)), (B) as provided under Section 5.7 or (C) by making an Asset Disposition Offer; or 

(ii) to make capital expenditures or to invest in or commit to invest in non-current assets that are used or useful in the
business of the Issuer or a Guarantor (including assets or Equity Interests of a Person that becomes a Subsidiary and a Guarantor in connection therewith); or 

(iii) any combination of the foregoing; 

provided that, pending the final application of the amount of any such Net Available Cash in accordance with clause (3) of this
Section 3.5(a), Holdings and its Subsidiaries may temporarily reduce Indebtedness or otherwise use such Net Available Cash in any manner not prohibited by this Indenture. 

For purposes of clause (2) above, the following shall be deemed to be “cash”: (i) any liabilities (as shown on
Holdings’ or any of its Subsidiaries’ most recent balance sheet or in the footnotes thereto which shall at such time have been delivered pursuant to Section 3.10 or otherwise prepared (other than any liabilities that are by
their terms subordinated to the Notes Obligations)) that are assumed by the transferee with respect to the applicable disposition, (ii) any notes or other obligations or other securities or assets received by Holdings or any of its Subsidiaries
in the applicable disposition that are converted into cash or cash equivalents or other Permitted Investments within 180 days of the receipt thereof (to the extent of the cash or cash equivalents or other Permitted Investments received),
(iii) any Designated Non-Cash Consideration received by Holdings or any of its Subsidiaries in the applicable disposition having an aggregate fair market value (as determined in good faith by the Issuer), taken together with all other
Designated Non-Cash Consideration received pursuant to this clause (iii) that is at the time outstanding, not to exceed, at the time of receipt of such consideration, 1.0% of Net Tangible Assets of Holdings and its Subsidiaries (with the fair
market value of each item of Designated Non-Cash Consideration being measured at the time received and without giving effect to subsequent changes in value) and (iv) any non-current assets referred to in clause (ii) of the immediately
preceding paragraph. 
 (b) The Notes Percentage of the amount of any Net Available Cash that is not applied or invested or committed to be
applied or invested as provided in Section 3.5(a) will be deemed to constitute “Excess Proceeds” under this Indenture. Within 10 Business Days after the date that the aggregate amount of Excess Proceeds exceeds
$25.0 million, the Issuer will be required to make an offer (“Asset Disposition Offer”) to all Holders of Notes issued under this Indenture to purchase the maximum principal amount of Notes that may be purchased out of the
Excess Proceeds, at an offer price equal to 100% of the principal amount of the Notes (or, to the extent that such Excess Proceeds are from Specified Sale/Leaseback Proceeds, 103% of the principal amount of the Notes) plus accrued and unpaid
interest, if any, to, but not including, the date of purchase, in accordance with the procedures set forth in Sections 3.5(c) and (d) and in minimum denominations of $2,000 and in integral multiples of $1,000 in excess thereof.
The Issuer may, in its sole discretion, make an Asset Disposition Offer pursuant to this Section 3.5 prior to the time that the aggregate amount of Excess Proceeds exceeds $25.0 million. 

(c) Upon the commencement of an Asset Disposition Offer, the Issuer shall send, or cause to be sent, by first class mail or electronically, a
notice to each Holder with a copy to the Trustee at its registered address or otherwise in accordance with the applicable procedures of DTC. The notice shall contain all instructions and materials necessary to enable such Holder to tender Notes
pursuant to the Asset Disposition Offer. Any Asset Disposition Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Disposition Offer, shall state: 

(1) that the Asset Disposition Offer is being made pursuant to this Section 3.5 and that, to the extent lawful, all
Notes properly tendered (and not properly withdrawn) shall be accepted for payment (unless prorated); 
 (2) the Asset
Disposition payment amount, the Asset Disposition offered price, and the date on which Notes tendered and accepted for payment shall be purchased, which date shall be at least 30 days and not later than 60 days from the date such notices is
delivered (the “Asset Disposition Payment Date”); 

  
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 (3) that any Notes not tendered or accepted for payment shall continue to accrue
interest in accordance with the terms thereof; 
 (4) that, unless the Issuer defaults in making such payment, any Notes
accepted for payment pursuant to the Asset Disposition Offer shall cease to accrue interest on and after the Asset Disposition Payment Date; 

(5) that Holders electing to have any Notes purchased pursuant to any Asset Disposition Offer shall be required to surrender
the Notes, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, to the Paying Agent at the address specified in the notice at least three Business Days before the Asset Disposition Payment Date;

 (6) that Holders shall be entitled to withdraw their election if the Paying Agent receives, not later than two
(2) Business Days prior to the Asset Disposition Payment Date, a notice setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing its election to
have such Note purchased; 
 (7) that if the aggregate principal amount of Notes surrendered by Holders exceeds the Asset
Disposition payment amount, the Issuer shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuer so that only Notes in denominations of $2,000 or integral multiples of $1,000 in
excess thereof shall be purchased); and 
 (8) that Holders whose Notes were purchased only in part shall be issued new Notes
equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry). 
 If the Asset Disposition
Payment Date is on or after a record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no
additional interest shall be payable to Holders who tender Notes pursuant to the Asset Disposition Offer. 
 On the Asset Disposition
Payment Date, the Issuer shall, to the extent lawful: 
 (i) accept for purchase all Notes or portions of Notes properly
tendered (and not properly withdrawn) pursuant to the Asset Disposition Offer (subject to the limitations set forth on minimum denominations and integrals and to the pro ration provisions set forth below); 

(ii) deposit with the Paying Agent an amount equal to the Asset Disposition payment in respect of all Notes or portions of
Notes properly tendered (and not properly withdrawn) and accepted for purchase by the Issuer; and 
 (iii) deliver or cause
to be delivered to the Trustee the Notes accepted for purchase, together with an Officer’s Certificate stating the aggregate principal amount of Notes being purchased by the Issuer. 

(d) To the extent that the aggregate amount of Notes so validly tendered and not properly withdrawn pursuant to an Asset Disposition Offer is
less than the Excess Proceeds, the Issuer may use any remaining Excess Proceeds for any purpose not prohibited by this Indenture. If the aggregate principal amount of the Notes surrendered in any Asset Disposition Offer by Holders exceeds the amount
of Excess Proceeds, the Excess Proceeds shall be allocated among the Notes to be purchased on a pro rata basis, by lot to the extent practicable or by such other method in accordance with the applicable procedures of DTC, on the basis of the
aggregate principal amount of tendered Notes, provided that no Notes will be selected and purchased in an unauthorized denomination. Upon completion of any Asset Disposition Offer, the amount of Excess Proceeds shall be reset at zero. 

(e) The Issuer will comply, to the extent applicable, with the requirements of Rule 14e-1 under the Exchange Act and any other securities
laws, rules and regulations thereunder to the extent such laws or regulations 

  
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are applicable in connection with the repurchase of Notes pursuant to this Section 3.5. To the extent that the provisions of any securities laws, rules or regulations conflict with
the provisions of this Indenture, the Issuer will comply with the applicable securities laws, rules and regulations and shall not be deemed to have breached its obligations under this Indenture by virtue thereof. 

SECTION 3.6. Limitation on Liens. 

(a) The Issuer and the Guarantors shall not create, incur, assume or permit to exist any Lien securing Indebtedness on or with respect to the
Collateral or any Issue Date Material Real Estate Asset, in each case except for Permitted Liens. The Issuer and the Guarantors shall not, and shall not permit any Subsidiary to, create, incur, assume or permit to exist any Lien securing
Indebtedness on or with respect to any property or asset now owned or hereafter acquired by it other than Collateral or any Issue Date Material Real Estate Asset, in each case except for Permitted Liens or unless the Notes are secured equally and
ratably with (or prior to) the Indebtedness secured by such Lien for so long as such other Indebtedness is so secured (the “Initial Lien”). Any Lien created for the benefit of the Holders pursuant to the preceding sentence shall
provide by its terms that such Lien shall be automatically and unconditionally released and discharged upon the release and discharge of the Initial Lien. 

(b) For purposes of determining compliance with this Section 3.6, a Lien securing Indebtedness need not be permitted solely by
reference to the above paragraph or to one category (or portion thereof) of Permitted Liens described in the definition of “Permitted Liens,” but may be permitted in part under any combination thereof and (b) in the event that a Lien
securing Indebtedness (or any portion thereof) meets the criteria of one or more of the categories of Permitted Liens described in the definition of “Permitted Liens” or pursuant to the above paragraph, the Issuer may, in its sole
discretion, classify or divide such Lien securing such Indebtedness (or any portion thereof) in any manner that complies with this Section 3.6. 

SECTION 3.7. Limitation on Sale and Lease-Back Transactions. The Issuer and the Guarantors shall not enter into any arrangement,
directly or indirectly, whereby it shall sell or transfer (other than to the Issuer or a Guarantor) any Term Loan/Notes Exclusive Collateral whether now owned or hereinafter acquired, or any Issue Date Material Real Estate Asset and thereafter rent
or lease such property (or other property that it intends to use for substantially the same purpose or purposes as the property sold or transferred) (each such transaction, a “Sale/Leaseback Transaction”) for a period of time in
excess of three years, except for any such sale of fixed or capital assets (a) that is made for cash, cash equivalents or other Permitted Investments consideration within 90 days after the Issuer or Guarantor, as applicable, acquires or
completes the construction of such fixed or capital asset or (b) where the disposition is not prohibited by Section 3.5. 

SECTION 3.8. Subsidiaries. If any Domestic Subsidiary of the Issuer guarantees or becomes a borrower in respect of the obligations
under the ABL Credit Agreement or the Term Loan Agreement or any other facility evidencing Term Loan/Notes Secured Obligations, Holdings and the Issuer shall, within fifteen Business Days after such Domestic Subsidiary guarantees or becomes a
borrower in respect of the obligations under the ABL Credit Agreement, Term Loan Agreement or any other facility evidencing Term Loan/Notes Secured Obligations, notify the Trustee thereof and promptly cause such Domestic Subsidiary to
(i) execute and deliver a supplemental indenture to the Indenture providing for a Note Guarantee by such Domestic Subsidiary, (ii) execute and deliver a supplement or joinder to the Collateral Documents or new Collateral Documents and
Intercreditor Agreements, if applicable, and (iii) take all such actions and execute and deliver, or cause to be executed and delivered, all such documents, instruments, agreements, and certificates necessary in order to create the Liens
intended to be created by the Collateral Documents and to perfect such Liens to the extent required by, and with the priority required by, the Collateral Documents. 

SECTION 3.9. Change of Control. 

(a) If a Change of Control occurs, except as provided in Section 3.9(c) or unless the Issuer exercised its right to redeem all the
outstanding Notes pursuant to Section 5.7, the Issuer will be required to make an offer (a “Change of Control Offer”) to each Holder to repurchase all or any part (in minimum denominations of $2,000 and integral
multiples of $1,000 principal amount in excess thereof) of such Holder’s Notes at a repurchase price in cash equal to 101% of the aggregate principal amount of Notes repurchased plus accrued and unpaid interest, if any, on the Notes
repurchased, to, but not including, the date of repurchase (the “Change of Control Payment”). Within 30 days 

  
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following the date of any Change of Control, or, at the Issuer’s option, prior to any Change of Control but after the public announcement of the Change of Control, the Issuer shall mail (or
in the case of Holders of interests in Global Notes, transmit electronically in accordance with the applicable procedures of DTC) a notice to Holders of Notes (and shall provide a copy of such notice to the Trustee) describing the transaction or
transactions that constitute the Change of Control and offering to repurchase the Notes on the date specified in the notice (the “Change of Control Payment Date”), which date shall be no earlier than 30 days and no later than 60
days from the date such notice is so mailed or transmitted (subject to the next succeeding sentence), pursuant to the procedures required by this Indenture and described in such notice. The notice shall state, if so mailed or transmitted prior to
the date of consummation of the Change of Control, that the offer to repurchase the Notes is conditioned on the Change of Control occurring on or prior to the Change of Control Payment Date specified in the notice; provided, that if a
conditional Change of Control Offer is made, the Change of Control Payment Date may be delayed, in the Issuer’s discretion, until such time as such Change of Control shall have occurred, or if such Change of Control shall not have occurred by
the applicable Change of Control Payment Date (whether the original Change of Control Payment Date of the Change of Control Payment Date so delayed), then such Change of Control Offer may be rescinded by the Issuer. 

(b) The Issuer shall comply with the requirements of Rule 14e-l under the Exchange Act and any other securities laws and regulations
thereunder to the extent those laws and regulations are applicable in connection with the repurchase of the Notes as a result of a Change of Control. To the extent that the provisions of any securities laws or regulations conflict with this
Section 3.9, the Issuer shall comply with the applicable securities laws and regulations and shall not be deemed to have breached their obligations under this Section 3.9 or the Notes by virtue of such conflicts and
compliance with law. 
 (c) On the Change of Control Payment Date, the Issuer shall, to the extent lawful: 

(1) accept for purchase all Notes or portions of Notes properly tendered (and not properly withdrawn) pursuant to the Change of
Control Offer (subject to the limitations set forth on minimum denominations and integrals and to the pro ration provisions set forth below); 

(2) deposit with the Paying Agent an amount equal to the Change of Control Payment in respect of all Notes or portions of Notes
properly tendered (and not properly withdrawn) and accepted for purchase by the Issuer; and 
 (3) deliver or cause to be
delivered to the Trustee (if not previously delivered to the Trustee by the Holders) the Notes accepted for purchase, together with an Officer’s Certificate stating the aggregate principal amount of Notes being purchased by the Issuer. 

(d) The Paying Agent shall promptly mail (or in the case of Holders of interests in Global Notes, transmit electronically in accordance with
the applicable procedures of DTC) to each Holder of Notes properly tendered (and not properly withdrawn) and accepted for purchase by the Issuer, the Change of Control Payment for the Notes, and the Trustee, upon receipt of an authentication order,
shall promptly authenticate and mail to each Holder a new Note (or in the case of interests in Global Notes cause to be transferred by book-entry an interest in the applicable Global Note) equal in principal amount to any unpurchased portion of any
Notes surrendered; provided that each new Note will be in a minimum principal denomination of $2,000 or an integral multiple of $1,000 in excess thereof. 

(e) Notwithstanding anything to the contrary in this Section 3.9, the Issuer shall not be required to make a Change of Control
Offer to repurchase the Notes upon a Change of Control if a third party makes an offer in the manner, at the times and otherwise in compliance with the requirements set forth in this Section 3.9 and such third party purchases all Notes
properly tendered (and not properly withdrawn) under its offer. 

  
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 SECTION 3.10. Reports. 

(a) To the extent Holdings is required by the rules and regulations of the SEC, so long as any Notes are outstanding, Holdings will furnish to
the Trustee and to the Holders: 
 (1) all quarterly and annual financial information that would be required to be contained
in a filing with the SEC on Forms 10-Q and 10-K if Holdings were required to file such Forms, including a “Management’s Discussion and Analysis of Financial Condition and Results of Operations” that describes the financial condition
and results of operations of Holdings and its consolidated Subsidiaries and, with respect to the annual information only, a report thereon by Holdings’ certified independent accountants; provided that no information required to be provided
pursuant to Rule 3-10 or Rule 3-16 of Regulation S-X shall be required to be included therein; and 
 (2) all current reports
that would be required to be filed with the SEC on Form 8-K if Holdings were required to file such reports, in each case, within the time periods required for filing such forms and reports as specified in the SEC’s rules and regulations,
including any extension period under Rule 12b-25 under the Exchange Act (and during any period in which Holdings is not required to file reports with the SEC, within the time periods specified in the SEC’s rules and regulations applicable to a
“non-accelerated filer,” including any extension period under Rule 12b-25 under the Exchange Act). To the extent any such information is not so filed or furnished, as applicable, within the time periods specified above and such information
is subsequently filed or furnished, as applicable, the Issuer will be deemed to have satisfied its obligations with respect thereto at such time and any Default or Event of Default with respect thereto shall be deemed to have been cured. The filing
by Holdings of such information and such reports with the SEC shall satisfy any requirement under this Indenture to furnish such reports to the Trustee and to Holders. In addition, to the extent not satisfied by the foregoing, Holdings will agree
that, for so long as any Notes are outstanding, it will furnish to the Trustee and to the Holders and to securities analysts and prospective investors, upon their request, the information required to be delivered pursuant to Rule 144A(d)(4) under
the Securities Act. 
 (b) Delivery of reports, information and documents to the Trustee is for informational purposes only and the
Trustee’s receipt of such reports, information and documents shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Issuer’s, any Guarantor’s or
any other Person’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officer’s Certificates delivered pursuant to this Indenture). 

SECTION 3.11. Post-Closing Collateral Matters. The Issuer shall use its commercially reasonable efforts to comply with the requirements
of Sections 5.15 and 5.16 of the Term Loan Agreement within the time periods required thereby (subject to such extensions as may be granted by the Term Loan Administrative Agent). 

SECTION 3.12. Statement by Officers as to Default. The Issuer shall deliver to the Trustee, within 30 days after the occurrence
thereof, written notice of any events of which it is aware that would constitute a Default or Event of Default, their status and what action the Issuer is taking or proposes to take in respect thereof. 

ARTICLE IV 
 CONSOLIDATION,
MERGER OR SALE OF ASSETS 
 SECTION 4.1. Consolidation, Merger or Sale of Assets. 

(a) The Issuer shall not consolidate with or merge into any other corporation or convey or transfer all or substantially all of its properties
or assets to any Person, unless: 
 (1) the corporation formed by such consolidation or into which the Issuer is merged or
the Person which acquires by conveyance or transfer the Issuer’s properties or assets substantially as an entirety shall be a corporation organized and existing under the laws of the United States of America or any State thereof or the District
of Columbia, and shall expressly assume, by supplemental indenture executed and delivered to the Trustee, the due and punctual payment of the principal of (and premium, if any) and interest, if any, on the Notes and the performance or observance of
every covenant of this Indenture on the Issuer’s part to be performed or observed and shall pursuant to supplements to the Collateral Documents take such action as may be required to assume the obligations of the Issuer thereunder and maintain
the perfection of the Liens securing the Term Loan/Notes Secured Obligations; 

  
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 (2) immediately after giving effect to such transaction, no Event of Default, and
no event which, after notice or lapse of time, or both, would become an Event of Default, shall have happened and be continuing; and 

(3) the Issuer has delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that such
consolidation, merger, conveyance or transfer complies with this Article IV and that all conditions precedent provided for in this Indenture relating to such transaction have been complied with. 

(b) Unless the Note Guarantee of a Guarantor is permitted to be released under Article X, no Guarantor shall consolidate with or merge into
any other corporation or convey or transfer all or substantially all of its properties or assets to any Person unless: 
 (1)
the other Person is the Issuer or another Guarantor, or 
 (2) (i) either (x) a Guarantor is the continuing Person or
(y) the resulting, surviving or transferee Person shall be a corporation, limited liability company or limited partnership organized and existing under the laws of the United States of America or any State thereof or the District of Columbia
and expressly assumes all of the obligations of the Guarantor under its Guarantee of the Notes, the Indenture and the Collateral Documents and shall pursuant to supplements to the Collateral Documents take such action as may be required to assume
the obligations of the Issuer thereunder and maintain the perfection of the Liens securing the Term Loan/Notes Secured Obligations and (ii) immediately after giving effect to the transaction, no Default has occurred and is continuing; or 

(3) the transaction does not violate Section 3.5. 

SECTION 4.2. Successor Corporation Substituted. 

Upon any consolidation or merger, or any conveyance or transfer of all or substantially all of the Issuer’s properties and assets in
accordance with the provisions of Section 4.1, the successor corporation formed by such consolidation or into which the Issuer is merged or to which such conveyance or transfer is made will succeed to, and be substituted for, the Issuer
with the same effect as if the successor corporation had been named as the Issuer, and the predecessor shall be released from all obligations and covenants under this Indenture and the Notes. In the event of any such conveyance or transfer, the
Issuer as the predecessor may be dissolved, wound up and liquidated at any time thereafter. 
 ARTICLE V 

REDEMPTION OF SECURITIES 

SECTION 5.1. Notices and Opinions to Trustee. 

(a) If the Issuer elects to redeem Notes pursuant to the optional redemption provisions of Section 5.7, it must furnish to the
Trustee, at least 30 days but not more than 60 days before a date fixed for redemption (the “Redemption Date”) (or such longer period permitted by Section 5.3(a), an Officer’s Certificate setting forth: 

(1) the clause of this Indenture pursuant to which the redemption shall occur; 

(2) the Redemption Date; 

(3) the principal amount of Notes to be redeemed; and 

(4) the redemption price; and 

  
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 If the redemption price is not known at the time such notice is to be given, the actual
redemption price shall be set forth in an Officer’s Certificate of the Issuer delivered to the Trustee no later than two (2) Business Days prior to the redemption date. 

SECTION 5.2. Selection of Notes to Be Redeemed or Purchased. If less than all of the Notes are to be redeemed at any time, the Trustee
shall select the Notes for redemption in compliance with the requirements of the principal securities exchange, if any, on which such Notes are listed, as certified to the Trustee by the Issuer, and in compliance with the requirements of DTC, or if
the Notes are not so listed or such exchange prescribes no method of selection and such Notes are not held through DTC or DTC prescribes no method of selection, on a pro rata basis, subject to adjustments so that no Note in an unauthorized
denomination remains outstanding after such redemption; provided, however, that no Note of $2,000 in aggregate principal amount or less shall be redeemed in part. 

SECTION 5.3. Notice of Redemption. 

(a) At least 30 days but not more than 60 days before a Redemption Date, the Issuer shall send or cause to be sent, by electronic
delivery or by first class mail postage prepaid, a notice of redemption to each Holder (with a copy to the Trustee) whose Notes are to be redeemed at the address of such Holder appearing in the security register or otherwise in accordance with the
procedures of DTC, except that redemption notices may be delivered electronically or mailed more than 60 days prior to a Redemption Date if the notice is issued in connection with a defeasance of the Notes or a satisfaction and discharge of this
Indenture pursuant to Article VIII or XI. 
 (b) The notice will identify the Notes (including the CUSIP or ISIN number) to be
redeemed and will state: 
 (1) the Redemption Date; 

(2) the redemption price; 

(3) if any Note is being redeemed in part, the portion of the principal amount of such Note to be redeemed and that, after the
Redemption Date upon surrender of such Note, a new Note or Notes in principal amount equal to the unredeemed portion will be issued upon cancellation of the original Note; 

(4) the name and address of the Paying Agent; 

(5) that Notes called for redemption must be surrendered to the Paying Agent to collect the redemption price; 

(6) that, unless the Issuer defaults in making such redemption payment, interest on Notes called for redemption ceases to
accrue on and after the Redemption Date; 
 (7) the paragraph of the Notes and/or Section of this Indenture pursuant to which
the Notes called for redemption are being redeemed; 
 (8) that no representation is made as to the correctness or accuracy
of the CUSIP or ISIN number, if any, listed in such notice or printed on the Notes; and 
 (9) any conditions to redemption.

 (c) If any Note is to be redeemed in part only, the notice of redemption that relates to that Note shall state the portion of the
principal amount thereof to be redeemed, in which case a portion of the original Note will be issued in the name of the Holder thereof upon cancellation of the original Note. In the case of a Global Note, an appropriate notation will be made on such
Note to decrease the principal amount thereof to an amount equal to the unredeemed portion thereof. Subject to the terms of the applicable redemption notice (including any conditions contained therein), Notes called for redemption become due on the
date fixed for redemption. On and after the Redemption Date, unless the Issuer defaults in the payment of the redemption price, interest ceases to accrue on Notes or portions of them called for redemption. 

  
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 (d) At the Issuer’s request, the Trustee will give the notice of redemption in the
Issuer’s name and at their expense; provided, however, that the Issuer’s has delivered to the Trustee, at least five (5) Business Days (or such shorter period as may be agreed to by the Trustee) before notice of redemption is
required to be sent or caused to be sent to Holders pursuant to this Section 5.3, an Officer’s Certificate requesting that the Trustee give such notice, which shall include a form of the notice setting forth the information provided
in the preceding paragraphs of this Section 5.3. 
 SECTION 5.4. Effect of Notice of Redemption. Once notice of
redemption is sent in accordance with Section 5.3, Notes called for redemption become irrevocably due and payable on the Redemption Date at the redemption price (subject to any conditions set forth in such notice). Notice of redemption
may, at the Issuer’s option and discretion, be subject to the satisfaction of any conditions precedent contained in such notice of redemption. Notice of any redemption of the Notes may be subject to the satisfaction (or waiver by the Issuer in
the Issuer’s discretion) of any conditions precedent to such redemption specified in the applicable notice. If such redemption is subject to satisfaction of one or more conditions precedent, the Redemption Date may be delayed, in the
Issuer’s discretion, until such time as any or all such conditions shall be satisfied (or waived by the Issuer in the Issuer’s discretion), or such redemption may not occur and the notice of redemption may be rescinded in the event that
any or all such conditions shall not have been satisfied (or waived by the Issuer in the Issuer’s discretion) by the applicable Redemption Date (whether the original Redemption Date or the Redemption Date so delayed). 

SECTION 5.5. Deposit of Redemption Price. Prior to 10:00 a.m. (Eastern Time) on the redemption date, the Issuer will deposit with
the Trustee or with the Paying Agent money sufficient to pay the redemption price of and accrued interest if any, on, all Notes to be redeemed or purchased on that date. The Trustee or the Paying Agent will promptly return to the Issuer any money
deposited with the Trustee or the Paying Agent by the Issuer in excess of the amounts necessary to pay the redemption price of, and accrued interest if any, on, all Notes to be redeemed. 

If the Issuer complies with the provisions of the preceding paragraph, on and after the redemption date, interest will cease to accrue on the
Notes or the portions of Notes called for redemption. If a Note is redeemed on or after an interest record date but on or prior to the related interest payment date, then any accrued and unpaid interest shall be paid to the Person in whose name such
Note was registered at the close of business on such record date. If any Note called for redemption is not so paid upon surrender for redemption because of the failure of the Issuer to comply with the preceding paragraph, interest shall be paid on
the unpaid principal, from the redemption date until such principal is paid, and to the extent lawful on any interest not paid on such unpaid principal, in each case at the rate provided in the Notes. 

SECTION 5.6. Notes Redeemed in Part. Upon surrender of a Note that is redeemed in part, the Issuer will issue and, upon receipt of an
Issuer Order, the Trustee will authenticate for the Holder at the expense of the Issuer a new Note equal in principal amount to the unredeemed or unpurchased portion of the Note surrendered; provided, that each such new Note will be in a
minimum principal amount of $2,000 or integral multiple of $1,000 in excess thereof. 
 SECTION 5.7. Optional Redemption. 

(a) At any time, and from time to time, prior to July 1, 2019, the Issuer may redeem the Notes in whole or in part, at its option, at a
redemption price equal to the greater of: 
 (1) 100% of the principal amount of the Notes to be redeemed; and 

(2) the excess of: 

(i) the present value at such redemption date of (i) the redemption price of the Note at July 1, 2019 (such
redemption price being set forth in the table under clause (e) below) plus (ii) 

  
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all required interest payments due on the Note through July 1, 2019 (excluding interest paid prior to the redemption date and accrued but unpaid interest to the redemption date), computed
using a discount rate equal to the Treasury Rate as of such redemption date plus 50 basis points; over 
 (ii) the principal
amount of the Note, 
 (3) plus, in each case, any accrued and unpaid interest, if any, to, but not including, the date of
redemption (subject to the right of Holders on the relevant record date to receive interest due on the relevant interest payment date). 

In the event of any redemption pursuant to this clause (a), the Issuer shall calculate or cause the calculation of the redemption price, and
the Trustee shall have no duty to calculate or verify the calculation thereof. 
 (b) At any time prior to July 1, 2019, the Issuer may
on one or more occasions redeem up to 35% of the aggregate principal amount of Notes issued under the Indenture at a redemption price equal to 105.875% of the principal amount plus accrued and unpaid interest, if any, to, but not including, the date
of redemption (subject to the right of Holders on the relevant record date to receive interest due on the relevant interest payment date) in an amount of up to the amount of net cash proceeds received by or contributed to the Issuer from one or more
Equity Offerings; provided that (1) at least 65% of the aggregate principal amount of Notes originally issued under this Indenture (including Additional Notes but excluding Notes held by the Issuer and its Subsidiaries) remains outstanding
immediately after the occurrence of such redemption, and (2) notice of such redemption is given within 90 days of the date of the closing of such Equity Offering. The Trustee shall select the Notes to be redeemed in the manner described under
Sections 5.1 through 5.6. 
 (c) [Reserved] 

(d) Except pursuant to paragraphs (a) and (b) of this Section 5.7, the Notes will not be redeemable at the Issuer’s
option prior to July 1, 2019. 
 (e) On or after July 1, 2019, the Issuer may redeem all or a part of the Notes at the redemption
prices (expressed as percentages of principal amount) set forth below plus accrued and unpaid interest, if any, on the Notes redeemed, to, but not including, the applicable date of redemption, if redeemed during the twelve-month period beginning on
July 1 of the years indicated below, subject to the rights of Holders on the relevant record date to receive interest on the relevant interest payment date: 
  

					
	Year	  	Percentage	 
	 2019
	  	 	102.938	% 
	 2020
	  	 	101.469	% 
	 2021 and thereafter
	  	 	100.000	% 

 (g) Unless the Issuer defaults in the payment of the redemption price, on and after the Redemption Date
(whether the original Redemption Date or the Redemption Date so delayed), interest will cease to accrue on the Notes or portions thereof called for redemption on the applicable Redemption Date. 

(h) Any redemption pursuant to this Section 5.7 shall be made pursuant to the provisions of Sections 5.1 through
5.6. 
 SECTION 5.8. Mandatory Redemption. The Issuer is not required to make mandatory redemption payments or sinking fund
payments with respect to the Notes. 

  
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 ARTICLE VI 

DEFAULTS AND REMEDIES 

SECTION 6.1. Events of Default. 

(a) Each of the following is an “Event of Default”: 

(1) default in any payment of interest on any Note when due and payable, continued for 30 days; 

(2) default in payment of principal of or premium, if any, on the Notes at maturity except any maturity occurring by reason of
a call for redemption; 
 (3) failure to comply for 90 days after written notice by the Trustee or by the Holders of 25%
in principal amount of the outstanding Notes with any agreement or obligation for the benefit of the Holders contained in this Indenture or, to the extent such failure to comply affects in any material respect the enforceability, validity,
perfection or priority of the Liens on a material portion of the Collateral, the Collateral Documents; 
 (4) default under
any mortgage, indenture or instrument under which there may be issued or by which there may be secured or evidenced any Indebtedness for money borrowed by Holdings, the Issuer or any of its Significant Subsidiaries (or the payment of which is
Guaranteed by Holdings, the Issuer or any of its Significant Subsidiaries) that is secured by a Lien on any real or personal property or assets of Holdings, the Issuer or any of its Significant Subsidiaries (“Secured Indebtedness”)
other than Secured Indebtedness owed to Holdings, the Issuer or a Subsidiary whether such Indebtedness or Guarantee now exists, or is created after the date hereof, which default: 

(A) is caused by a failure to pay principal of such Secured Indebtedness, at its stated final maturity (after giving effect to
any applicable grace periods) provided in such Indebtedness (“payment default”); or 
 (B) results in the
acceleration of such Secured Indebtedness prior to its stated final maturity; 
 and, in each case, the principal amount of any such Secured
Indebtedness, together with the principal amount of any other such Secured Indebtedness for which there has been a payment default or the maturity of which has been so accelerated and, in each case, remains unpaid, aggregates $100.0 million or more;

 (5) the entry of an order for relief in respect of any petition filed against any of Holdings, the Issuer or a Significant
Subsidiary under any Bankruptcy Code, or the entry of a decree or order by a court having competent jurisdiction in the premises in respect of any petition filed or action taken against Holdings, the Issuer or a Significant Subsidiary looking to
reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief under any other present or future Federal or State statute, law or regulation, resulting in the appointment of a receiver, liquidator, assignee,
trustee, custodian, sequestrator or other similar official of Holdings, the Issuer or a Significant Subsidiary or of any substantial part of its property, or resulting in the winding-up or liquidation of its affairs, all without the consent or
acquiescence of Holdings, the Issuer or a Significant Subsidiary, and the continuance of any such decree or order is unstayed and in effect for a period of 60 consecutive days; 

(6) the filing of a petition for relief under any Bankruptcy Code by any of Holdings, the Issuer or a Significant Subsidiary,
or the consent, acquiescence or taking of any action by any of Holdings, the Issuer or a Significant Subsidiary in support of a petition filed by or against it looking to reorganization, arrangement, composition, readjustment, liquidation,
dissolution or similar relief under any other present or future Federal or State statute, law or regulation, or the appointment, with the consent of Holdings, the Issuer 

  
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or a Significant Subsidiary, of any receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of Holdings, the Issuer or a Significant Subsidiary or of any
substantial part of its property, or the making by it of an assignment for the benefit of creditors, or the admission by it in writing of its inability to pay its debts generally as they become due, or the taking of corporate action by Holdings, the
Issuer or a Significant Subsidiary in furtherance of any such action; 
 (7) any Guarantee of the Notes by a Subsidiary
Guarantor that is a Significant Subsidiary ceases to be in full force and effect, other than (A) in accordance with the terms of this Indenture, (B) a Subsidiary Guarantor that is a Significant Subsidiary denies or disaffirms its
obligations under its Guarantee of the Notes, other than in accordance with the terms thereof or upon release of such Note Guarantee in accordance with this Indenture or (C) in connection with any bankruptcy or insolvency case or proceeding in
respect of a Subsidiary Guarantor that is a Significant Subsidiary; or 
 (8) (i) any Lien purported to be created under any
Collateral Document shall cease to be, or shall be asserted by the Issuer or any Guarantor not to be, a valid and perfected Lien on any Collateral having an aggregate fair value of $100 million or more, with the priority required by the relevant
Collateral Document, in each case for any reason other than (A) by reason of express release pursuant to the terms of this Indenture or the terms of any Collateral Document or (B) as a result of the sale or other disposition of the
applicable Collateral to a Person that is not the Issuer or a Guarantor in a transaction not prohibited under this Indenture, or (ii) the Issuer or any Guarantor shall contest the validity or enforceability of its obligations under any
Collateral Document in writing or deny in writing that it has any further liability under any Collateral Document to which it is a party. 

(b) Notwithstanding the foregoing, a default under Section 6.1(a)(3), (4) or (8) will not constitute an
Event of Default until the Trustee or the Holders of 25% in principal amount of the outstanding Notes notify the Issuer (with a copy to the Trustee, if given by the Holders) of the default and, with respect to Section 6.1(a)(3) the
Issuer does not cure such default within the time specified in Section 6.1(a)(3) after receipt of such notice. 
 SECTION 6.2.
Acceleration. 
 (a) If an Event of Default (other than an Event of Default described in Section 6.1(a)(5) or
(6) with respect to the Issuer) occurs and is continuing, the Trustee by written notice to the Issuer or the Holders of at least 25% in principal amount of the outstanding Notes by written notice to the Issuer and the Trustee, may
declare the principal of, premium, if any, and accrued and unpaid interest, on all the Notes to be due and payable. Upon such a declaration, such principal, premium, if any, and accrued and unpaid interest, if any, will be due and payable
immediately. 
 In the event of a declaration of acceleration of the Notes because of an Event of Default described in
Section 6.1(a)(4) has occurred and is continuing, the declaration of acceleration of the Notes shall be automatically annulled if the event of default or payment default triggering such Event of Default pursuant to
Section 6.1(a)(4) shall be remedied or cured, or waived by the Holders of the Indebtedness, or the Indebtedness that gave rise to such Event of Default shall have been discharged in full, in each case, within 30 days after the
declaration of acceleration with respect thereto and if: 
 (1) the annulment of the acceleration of the Notes would not
conflict with any judgment or decree of a court of competent jurisdiction; and 
 (2) any other existing Events of Default,
except nonpayment of principal, premium, if any, or interest, if any, on the Notes that became due solely because of the acceleration of the Notes, have been cured or waived. 

(b) If an Event of Default described in Section 6.1(a)(5) or (6) with respect to the Issuer occurs and is continuing,
the principal of, premium, if any, and accrued and unpaid interest, if any, on all the Notes will become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holders. 

  
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 (c) Any Default or Event of Default for the failure to comply with the time periods prescribed
under Section 3.10, or otherwise to deliver any notice or certificate pursuant to any other provision of this Indenture shall be deemed to be cured upon the filing, furnishing or delivery of any such report or document required by
Section 3.10 or such notice or certificate, as applicable, even though such delivery is not within the prescribed period specified herein. 

SECTION 6.3. Other Remedies. If an Event of Default with respect to the Notes occurs and is continuing, the Trustee may in its
discretion proceed to protect and enforce its rights and the rights of the Holders by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any such rights, whether for the specific enforcement of any
covenant or agreement in this Indenture or in aid of the exercise of any power granted herein, or to enforce any other proper contractual remedy under this Indenture. 

SECTION 6.4. Waiver of Past or Existing Defaults. The Holders of a majority in aggregate principal amount of the then outstanding Notes
by written notice to the Trustee may, on behalf of all of the Holders, (a) waive, by their consent (including, without limitation, consents obtained in connection with a purchase of, or tender offer or exchange offer for, Notes), a past or
existing Default or Event of Default and its consequences under this Indenture except (i) a Default or Event of Default in the payment of the principal of, or premium, if any, or interest, if any, on a Note or (ii) a Default or Event of
Default in respect of a provision that under Section 9.2 cannot be amended without the consent of each Holder affected and (b) rescind any acceleration with respect to the Notes and its consequences if (1) such rescission would
not conflict with any judgment or decree of a court of competent jurisdiction, (2) all existing Events of Default have been cured or waived except nonpayment of principal, premium, if any, or interest, if any, that has become due solely because
of the acceleration, (3) to the extent the payment of such interest, if any, is lawful, interest on overdue installments of interest, premium, if any, and overdue principal, if any, on any Note which has become due otherwise than by such
declaration of acceleration, has been paid and (4) the Issuer has paid the Trustee its compensation and reimbursed the Trustee for its reasonable expenses, disbursements and advances. No such rescission shall affect any subsequent Default or
amend any right consequent thereto. When a Default or Event of Default is waived, it is deemed cured, but no such waiver shall extend to any subsequent or other Default or Event of Default or amend any consequent right. 

SECTION 6.5. Control by Majority. Subject to certain restrictions set forth herein and the Pari Passu Intercreditor Agreement, the
Holders of a majority in principal amount of the outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee pursuant to this Indenture or of exercising any trust or power conferred on
the Trustee pursuant to this Indenture. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture or the Notes or, subject to Sections 7.1 and 7.2, that the Trustee determines is unduly
prejudicial to the rights of other Holders (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any actions are unduly prejudicial to such Holders) or would involve the Trustee in personal liability;
provided, however, that the Trustee may take any other action deemed proper by the Trustee that is not inconsistent with such direction. Prior to taking any such action hereunder, the Trustee shall be entitled to indemnification
satisfactory to the Trustee against all losses, liabilities and expenses that may be caused by taking or not taking such action. 
 SECTION
6.6. Limitation on Suits. Subject to Section 6.7, no Holder may pursue any remedy with respect to this Indenture or the Notes unless: 

(1) such Holder has previously given the Trustee written notice that an Event of Default is continuing; 

(2) Holders of at least 25% in principal amount of the outstanding Notes have requested in writing the Trustee to pursue the
remedy; 
 (3) such Holders have offered in writing the Trustee security or indemnity satisfactory to the Trustee against any
loss, liability or expense; 
 (4) the Trustee has not complied with such request within 60 days after the receipt of
the written request and the offer of security or indemnity; and 

  
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 (5) the Holders of a majority in principal amount of the outstanding Notes have
not given the Trustee a written direction that, in the opinion of the Trustee, is inconsistent with such request within such 60-day period. 

A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder (it
being understood that the Trustee does not have an affirmative duty to ascertain whether or not such actions or forbearances are unduly prejudicial to such Holders). 

SECTION 6.7. Rights of Holders to Receive Payment. Notwithstanding any other provision of this Indenture (including, without
limitation, Section 6.6), the contractual right expressly set forth in this Indenture of any Holder to receive payment of principal of, premium, if any, or interest, if any, on the Notes held by such Holder, on or after the respective
due dates expressed or provided for in the Notes, or to bring suit for the enforcement of any such payment on or after such respective dates, shall not be amended without the consent of such Holder. 

SECTION 6.8. Collection Suit by Trustee. If an Event of Default specified in Section 6.1(a)(1) or (2) occurs
and is continuing, the Trustee may recover judgment in its own name and as trustee of an express trust against the Issuer for the whole amount then due and owing (together with interest on any unpaid interest, if any, to the extent lawful) and the
amounts provided for in Section 7.7. 
 SECTION 6.9. Trustee May File Proofs of Claim. The Trustee may file such proofs
of claim and other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel) and
the Holders allowed in any judicial proceedings relative to the Issuer, its Subsidiaries or its or their respective creditors or properties and, unless prohibited by law or applicable regulations, may be entitled and empowered to participate as a
member of any official committee of creditors appointed in such matter and may vote on behalf of the Holders in any election of a trustee in bankruptcy or other Person performing similar functions, and any Custodian in any such judicial proceeding
is hereby authorized by each Holder to make payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due it for the compensation, expenses,
disbursements and advances of the Trustee, its agents and its counsel, and any other amounts due the Trustee under Section 7.7. 

No provision of this Indenture shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder
any plan of reorganization, arrangement, compromise, adjustment or composition affecting the Notes or the rights of any Holder thereof or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. 

SECTION 6.10. Priorities. 

(a) Subject to the provisions of the Intercreditor Agreements, if the Trustee collects any money or property pursuant to this
Article VI it shall pay out the money or property in the following order: 
 FIRST: to the Trustee and the
Collateral Agent for amounts due to each of them under Section 7.7; 
 SECOND: to Holders for amounts due and
unpaid on the Notes for principal of, or premium, if any, and interest if any, ratably, without preference or priority of any kind, according to the amounts due and payable on the Notes for principal of, or premium, if any, and interest
respectively; and 
 THIRD: to the Issuer, or to the extent the Trustee collects any amount for any Guarantor, to such
Guarantor. 
 (b) The Trustee may fix a record date and payment date for any payment to Holders pursuant to this Section 6.10.
At least fifteen (15) days before such record date, the Issuer shall send or cause to be sent to each Holder and the Trustee a notice that states the record date, the payment date and amount to be paid. 

  
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 SECTION 6.11. Undertaking for Costs. In any suit for the enforcement of any right or
remedy under this Indenture or in any suit against the Trustee for any action taken or omitted by it as Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and
the court in its discretion may assess reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party
litigant. This Section 6.11 does not apply to a suit by the Trustee, a suit by the Issuer, a suit by a Holder pursuant to Section 6.7 or a suit by Holders of more than 10% in outstanding principal amount of the Notes. 

ARTICLE VII 
 TRUSTEE 

SECTION 7.1. Duties of Trustee. 

(a) If an Event of Default has occurred and is continuing, the Trustee shall exercise the rights and powers vested in it by this Indenture, and
use the same degree of care and skill in its exercise as a prudent Person would exercise or use under the circumstances in the conduct of such person’s own affairs. 

(b) Except during the continuance of an Event of Default: 

(1) the duties of the Trustee will be determined solely by the express provisions of this Indenture and the Trustee need
perform only those duties that are specifically set forth in this Indenture, the Notes, the Collateral Documents and the Intercreditor Agreements and no others, and no implied covenants or obligations shall be read into this Indenture against the
Trustee; and 
 (2) in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the
statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture (but need not confirm or investigate the accuracy of any mathematical
calculations or other facts stated therein). However, the Trustee will examine the certificates and opinions to determine whether or not they conform to the requirements of this Indenture. 

(c) The Trustee may not be relieved from liability for its own negligent action, its own negligent failure to act, or its own willful
misconduct, except that: 
 (1) this paragraph does not limit the effect of paragraph (b) of this
Section 7.1; 
 (2) the Trustee shall not be liable for any error of judgment made in good faith by a Trust
Officer, unless it is proved that the Trustee was negligent in ascertaining the pertinent facts; and 
 (3) the Trustee shall
not be liable with respect to any action it takes or omits to take in good faith in accordance with a direction received by it pursuant to Section 6.5. 

(d) Whether or not therein expressly so provided, every provision of this Indenture that in any way relates to the Trustee is subject to
paragraphs (a), (b), (c) and (e) of this Section 7.1. 
 (e) No provision of this Indenture shall require the
Trustee to expend or risk its own funds or incur any liability. The Trustee shall be under no obligation to exercise any of its rights and powers under this Indenture at the request or direction of any Holders of Notes, unless such Holders have
offered to the Trustee security or indemnity satisfactory to the Trustee against the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction. The Trustee shall not be required to give any bond or
surety in respect of the performance of its powers or duties hereunder. The permissive right of the Trustee to do things enumerated in this Indenture shall not be construed as a duty of the Trustee. 

  
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 (f) The Trustee shall not be liable for interest on any money received by it except as the
Trustee may agree in writing with the Issuer. 
 (g) Money held in trust by the Trustee need not be segregated from other funds except to
the extent required by law. 
 SECTION 7.2. Rights of Trustee. Subject to Section 7.1: 

(a) The Trustee may conclusively rely upon any document (whether in original or facsimile form) believed by it to be genuine and to have been
signed or presented by the proper Person. The Trustee need not investigate any fact or matter stated in the document. 
 (b) Notwithstanding
anything to the contrary contained herein (including, without limitation, Sections 12.2(b) and (c)), before the Trustee acts or refrains from acting, it may require an Officer’s Certificate or an Opinion of Counsel or both. The
Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on any Officer’s Certificate, Opinion of Counsel, resolution of the Board of Directors of the Issuer, or other request, notice or direction delivered
to it pursuant to the terms of this Indenture. The Trustee may consult with counsel and the advice of such counsel or any Opinion of Counsel will be full and complete authorization and protection from liability in respect of any action taken,
suffered or omitted by it hereunder in good faith and in reliance thereon. 
 (c) The Trustee may act through its attorneys and agents and
shall not be responsible for the misconduct or negligence of any agent appointed with due care. 
 (d) The Trustee shall not be liable for
any action it takes or omits to take in good faith which it believes to be authorized or within its rights or powers conferred upon it by this Indenture. 

(e) Unless otherwise specifically provided in this Indenture, any demand, request, direction or notice from the Issuer will be sufficient if
signed by an Officer of the Issuer. 
 (f) The Trustee will be under no obligation to exercise any of the rights or powers vested in it by
this Indenture at the request or direction of any of the Holders unless such Holders have offered to the Trustee an indemnity or security reasonably satisfactory to it against the losses, liabilities and expenses that might be incurred by it in
compliance with such request or direction. 
 (g) Subject to Section 7.1, the rights, privileges, protections, immunities and
benefits given to the Trustee, including, without limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder and each Paying Agent, Registrar or Custodian. 

(h) Subject to Section 7.1, the Trustee shall not be deemed to have knowledge or notice of any Default or Event of Default unless
a Trust Officer of the Trustee has actual knowledge thereof or unless the Issuer or Holders of not less than 25% in aggregate principal amount of the Notes then outstanding notify the Trustee thereof by written notice of such event sent to the
Trustee or the Corporate Trust Office in accordance with Section 13.1, and such notice references the Notes and this Indenture. 

(i) Subject to Section 7.1(a), the Trustee shall not be bound to make any investigation into the facts or matters stated in any
resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of Indebtedness or other paper or document, but the Trustee, may, but shall not be required to, make
further inquiry or investigation into such facts or matters as it may see fit. 
 (j) In no event shall the Trustee be responsible or liable
for any failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism,
civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services; it being understood that the Trustee shall use
reasonable efforts which are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 

  
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 (k) The Trustee shall not be liable for any action it takes or omits to take in good faith that
it believes to be authorized or within the rights or powers conferred upon it by this Indenture. 
 (l) The Trustee may request that the
Issuer deliver an Officer’s Certificate setting forth the names of individuals and/or titles of officers authorized at such time to furnish the Trustee with Officer’s Certificates, directions, requests, and any other matters or directions
pursuant to this Indenture. 
 (m) In no event shall the Trustee be responsible or liable for any special, indirect, punitive or
consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit), irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action. 

SECTION 7.3. Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes
and may otherwise deal with the JCP Parties or any respective Affiliate of the JCP Parties with the same rights it would have if it were not Trustee. Any Paying Agent, Registrar or Custodian may do the same with like rights and duties. The Trustee
is also subject to Sections 7.10 and 7.11. 
 SECTION 7.4. Trustee’s Disclaimer. The Trustee shall not be
responsible for and makes no representation as to the validity or adequacy of this Indenture or the Notes, it shall not be accountable for the Issuer’s use of the proceeds from the Notes or any money paid to the Issuer or upon the Issuer’s
direction under any provision of this Indenture, it will not be responsible for the use or application of any money received by any Paying Agent other than the Trustee, and it shall not be responsible for any statement or recital herein or any
statement in the Notes or any other document in connection with the sale of the Notes or pursuant to this Indenture other than its certificate of authentication. 

SECTION 7.5. Notice of Defaults. If a Default or Event of Default occurs and is continuing and if it is known to a Trust Officer of the
Trustee, the Trustee shall send to Holders a notice of the Default or Event of Default within 90 days after the occurrence of such Default or Event of Default. Except in the case of a Default or Event of Default in payment of principal of (or
premium, if any, on) or interest, if any, on the Notes, the Trustee may withhold such notice if a committee of its Trust Officers in good faith determines that the withholding of such notice is in the interests of the Holders. 

SECTION 7.6. [Reserved] 

SECTION 7.7. Compensation and Indemnity. 

(a) The Issuer shall pay to the Trustee and Collateral Agent from time to time reasonable compensation for its acceptance of this Indenture and
services hereunder. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Issuer shall reimburse the Trustee and Collateral Agent promptly upon request for all reasonable disbursements,
advances and expenses incurred or made by it in addition to the compensation for its services. All amounts set forth in the separate fee letter entered into prior to the date hereof are deemed reasonable. Such expenses will include the reasonable
compensation, disbursements and expenses of the Trustee’s and the Collateral Agent’s agents and counsel. 
 (b) The Issuer shall
indemnify the Trustee and Collateral Agent against any and all losses, damages, liabilities or expenses incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, the Collateral Documents
and the Intercreditor Agreements, including the costs and expenses of enforcing this Indenture against the Issuer (including this Section 7.7) and defending itself against any claim (whether asserted by any JCP Party, any Holder or any
other Person) or liability in connection with the exercise or performance of any of its rights, powers or duties hereunder, except to the extent any such loss, liability or expense may be attributable to its negligence or bad faith. The Trustee and
Collateral Agent shall notify the Issuer promptly of any claim for which it may seek indemnity. Failure by the Trustee and Collateral Agent to so notify the Issuer will not relieve the Issuer of its obligations hereunder. The Issuer shall defend the
claim and the Trustee and Collateral 

  
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Agent shall cooperate in the defense. Each of the Trustee and Collateral Agent may have separate counsel and the Issuer shall pay the reasonable fees and expenses of such counsel. The Issuer need
not pay for any settlement made without their consent, which consent will not be unreasonably withheld. 
 (c) When the Trustee incurs
expenses or renders services after an Event of Default specified in Section 6.1(a)(5) or (6) occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended
to constitute expenses of administration under any Bankruptcy Code. 
 (d) The Issuer’s obligations set forth in this
Section 7.7 shall survive the satisfaction and discharge of this Indenture and the earlier resignation or removal of the Trustee hereunder. 

SECTION 7.8. Replacement of Trustee. 

(a) A resignation or removal of the Trustee and appointment of a successor Trustee will become effective only upon the successor Trustee’s
acceptance of appointment as provided in this Section 7.8. 
 (b) The Trustee may resign in writing at any time and be
discharged from the trust hereby created by so notifying the Issuer. The Holders of a majority in aggregate principal amount of the then outstanding Notes may remove the Trustee by so notifying the Trustee and the Issuer in writing. The Issuer may
remove the Trustee if: 
 (1) the Trustee fails to comply with Section 7.10; 

(2) the Trustee is adjudged a bankrupt or an insolvent or an order for relief is entered with respect to the Trustee under any
Bankruptcy Code; 
 (3) a custodian or public officer takes charge of the Trustee or its property; or 

(4) the Trustee becomes incapable of acting. 

(c) If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any reason, the Issuer shall promptly appoint a
successor Trustee. Within one year after the successor Trustee takes office, the Holders of a majority in aggregate principal amount of the then outstanding Notes may appoint a successor Trustee to replace the successor Trustee appointed by the
Issuer. 
 (d) If a successor Trustee does not take office within 60 days after the retiring Trustee resigns or is removed, the retiring
Trustee, the Issuer, or the Holders of at least 10% in aggregate principal amount of the then outstanding Notes may petition any court of competent jurisdiction for the appointment of a successor Trustee. 

(e) If the Trustee, after written request by any Holder who has been a Holder for at least six months, fails to comply with
Section 7.10, such Holder may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 

(f) A successor Trustee will deliver a written acceptance of its appointment to the retiring Trustee and to the Issuer. Thereupon, the
resignation or removal of the retiring Trustee will become effective, and the successor Trustee will have all the rights, powers and duties of the Trustee under this Indenture. The successor Trustee will mail a notice of its succession to Holders.
The retiring Trustee will promptly transfer all property held by it as Trustee to the successor Trustee; provided all sums owing to the Trustee hereunder have been paid and subject to the Lien provided for in Section 7.7.
Notwithstanding replacement of the Trustee pursuant to this Section 7.8, the Issuer’s obligations under Section 7.7 will continue for the benefit of the retiring Trustee. 

SECTION 7.9. Successor Trustee by Merger. Any Person into which the Trustee or any successor to it in the trusts created by this
Indenture shall be merged or converted, or any Person with which it or any successor to it shall be consolidated, or any Person resulting from any merger, conversion or consolidation to which the Trustee or any such successor to it shall be a party,
or any Person to which the Trustee or any successor to it shall sell or otherwise transfer all or substantially all of the corporate trust business of the Trustee, shall be the successor Trustee 

  
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under this Indenture without the execution or filing of any paper or any further act on the part of any of the parties hereto; provided that such Person shall be otherwise qualified and eligible
under this Article. In case at the time such successor to the Trustee shall succeed to the trusts created by this Indenture, any Notes shall have been authenticated but not delivered by the Trustee then in office, any successor to such Trustee may
adopt the certificate of authentication of any predecessor Trustee, and deliver such Notes so authenticated; and in case at that time any of the Notes shall not have been authenticated, any successor to the Trustee may authenticate such Notes either
in the name of any predecessor hereunder or in the name of the successor Trustee; and in all such cases such certificates shall have the full force which it is anywhere in the Notes or in this Indenture provided that the certificate of the Trustee
shall have; provided, however, that the right to adopt the certificate of authentication of any predecessor Trustee or authenticate Notes in the name of any predecessor Trustee shall apply only to its successor or successors by merger,
conversion or consolidation. 
 SECTION 7.10. Eligibility; Disqualification. There will at all times be a Trustee hereunder that is a
corporation organized and doing business under the laws of the United States of America or of any state thereof that is authorized under such laws to exercise corporate trustee power, that is subject to supervision or examination by federal or state
authorities and that has a combined capital and surplus of at least $100.0 million as set forth in its most recent published annual report of condition. 

SECTION 7.11. Collateral Documents; Intercreditor Agreements. 

(a) By their acceptance of the Notes, the Holders hereby authorize and direct the Trustee to execute and deliver the Intercreditor Agreements
and any Collateral Document in which the Trustee is named as a party, including any Intercreditor Agreement or Collateral Document executed after the Issue Date, and to appoint the Collateral Agent to act on behalf of the Notes Secured Parties under
the Pari Passu Intercreditor Agreement, the Collateral Documents and the other Intercreditor Agreements. It is hereby expressly acknowledged and agreed that, in doing so, the Trustee is (a) expressly authorized to make the representations
attributed to Holders in any such agreements and (b) not responsible for the terms or contents of such agreements, or for the validity or enforceability thereof, or the sufficiency thereof for any purpose. Whether or not so expressly stated
therein, in entering into, or taking (or forbearing from) any action under, the Intercreditor Agreements or any Collateral Document, the Trustee shall have all of the rights, immunities, indemnities and other protections granted to it under this
Indenture (in addition to those that may be granted to it under the terms of such other agreement or agreements). 
 (b) Whenever the
Trustee is required or requested to deliver any direction to the Collateral Agent under the terms of this Indenture, the Pari Passu Intercreditor Agreement, any Collateral Document or any other Intercreditor Agreement in its capacity as Authorized
Representative or otherwise, the Trustee shall do so in accordance with the provisions of this Indenture and shall be vested with the rights, privileges and immunities set forth in this Indenture. 

ARTICLE VIII 
 DEFEASANCE AND
DISCHARGE PRIOR TO MATURITY 
 SECTION 8.1. Option to Effect Defeasance. The Issuer may, at its option and at any time, elect to
have either Section 8.2 or 8.3 be applied to all outstanding Notes upon compliance with the conditions set forth in this Article VIII. 

SECTION 8.2. Defeasance and Discharge. The Issuer may elect, at any time, to fully discharge all or any specified portion of the
Issuer’s and the Guarantors’ obligations, and the Issuer will be deemed to have paid and discharged the entire indebtedness represented by the Notes or, at the Issuer’s option, any specified payment obligation and to have satisfied
all other obligations under the Notes, the Note Guarantees, the Indenture and the Collateral Documents insofar as the Notes are concerned (and all Note Guarantees, and Liens on the Collateral securing the Notes and the Note Guarantees, shall be
released and terminated) (and the Trustee, at the expense of the Issuer, shall execute instruments as reasonably requested by the Issuer acknowledging the same) (“Defeasance”), subject to the following which will survive until
otherwise terminated or discharged under this Indenture: 
 (1) the rights of Holders of outstanding Notes to receive, solely
from the trust fund referred to in Section 8.3, payments in respect of all or any defeased portion of the principal of and any premium and/or interest on the Notes when payments are due; 

  
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 (2) the Issuer’s obligations under Sections 2.3, 2.4,
2.5, 2.6, 2.7, 2.8, 2.9 and 3.2; 
 (3) the rights, powers, trusts, duties and
immunities of the Trustee hereunder; and 
 (4) this Article VIII. 

Subject to compliance with this Section 8.2, the Issuer may exercise its option under this Section 8.2 notwithstanding
the prior exercise of their option under Section 8.3. 
 SECTION 8.3. Conditions to Defeasance. In order to exercise
Defeasance under this Section 8.3: 
 (1) the Issuer shall have irrevocably deposited or caused or directed to be
deposited with the Trustee as trust funds in trust for the purpose of making the following payments, specifically pledged as security for, and dedicated solely to, the benefit of the Holders, (A) money in an amount, or (B) U.S. Government
Obligations which through the scheduled payment of principal and interest in respect thereof in accordance with their terms will provide, not later than one day before the due date of any payment, money in an amount, or (C) a combination
thereof, in each case sufficient to pay and discharge, and which shall be applied by the Trustee to pay and discharge, all or any specific portion of the principal of and any premium and interest on the Notes on the respective interest payment date
and/or stated maturities, in accordance with the terms of this Indenture and the Notes; 
 (2) the Issuer shall have advised
the Trustee in writing of the payment or payments of the Notes to which such deposit is to be applied; and 
 (3) such
Defeasance shall not result in the trust arising from any such deposit constituting an investment company within the meaning of the Investment Company Act of 1940 unless such trust shall be registered under the Investment Company Act of 1940 or
exempt from registration thereunder. 
 Upon compliance with the foregoing, the Trustee shall execute instrument(s) as reasonably requested
by the Issuer acknowledging the Defeasance of all of the Issuer’s and the Guarantors’ obligations under the Notes. Such Defeasance shall be effective on and after the date that the conditions set forth in clauses (1) through
(3) above are satisfied. 
 SECTION 8.4. Deposited Money and U.S. Government Obligations to be Held in Trust; Other Miscellaneous
Provisions. 
 The Trustee shall, subject to the provisions of the Indenture, hold in trust any money and U.S. Government Obligations
deposited with the Trustee pursuant to Section 8.3, and any money received by the Trustee as payment of principal or interest in respect of such U.S. Government Obligations, and shall apply all money, in accordance with the provisions of
the Notes and the Indenture, to the payment, to the Persons entitled thereto, of the principal (and premium, if any) and interest for whose payment such deposit (including any money to be received by the Trustee as principal or interest in respect
of such U.S. Government Obligations) was made with the Trustee; provided, however, that, if the Trustee shall at any time hold in trust pursuant to this Section 8.4, as a result of a deposit made pursuant to this Article VIII, any
money in excess of the amount required to make the payments to which such deposit (including any money to be received by the Trustee as principal or interest in respect of any U.S. Government Obligations included within such deposit) was to be
applied, the Trustee shall, upon the Issuer’s request, pay to the Issuer such excess money. 
 The Issuer shall pay and indemnify the
Trustee against any tax, fee or other charge imposed on or assessed against the cash or U.S. Government Obligations deposited pursuant to Section 8.3 or the principal and interest received in respect thereof other than any such tax, fee
or other charge which by law is for the account of the Holders of outstanding Notes. 

  
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 SECTION 8.5. Repayment to the Issuer. Any money deposited with the Trustee or any Paying
Agent, or then held by the Issuer, in trust for the payment of the principal of (and premium, if any) or interest on any Note and remaining unclaimed for two years after such principal (and premium, if any) or interest has become due and payable
shall be paid to the Issuer, or (if then held by the Issuer) shall be discharged from such trust; and the Holder of such Note will thereafter, as an unsecured general creditor, be permitted to look only to the Issuer for payment thereof, and all
liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Issuer as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any
such repayment, may at the expense of the Issuer cause to be published once, in the New York Times and The Wall Street Journal (national edition), notice that such money remains unclaimed and that, after a date specified therein, which will not be
less than 30 days from the date of such publication, any unclaimed balance of such money then remaining will be repaid to the Issuer. 

SECTION 8.6. Reinstatement. If the Trustee or Paying Agent is unable to apply any money in accordance with this Article VIII
with respect to any Notes by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the Issuer’s and the Guarantors’ obligations under the Indenture and
the Notes from which the Issuer and the Guarantors’ have been discharged or released pursuant to Section 8.2 shall be revived and reinstated as though no deposit had occurred pursuant to this Article VIII with respect to such
Notes, until such time as the Trustee or Paying Agent is permitted to apply all money held in trust pursuant to Section 8.4 with respect to such Notes in accordance with this Article 8; provided, however, that if the Issuer or any
Guarantor makes any payment of principal of, or any premium or interest on, any such Note following the reinstatement of their obligations, the Issuer or such Guarantor shall be subrogated to the rights (if any) of the Holders of such Notes to
receive such payment from the money so held in trust by the Trustee or Paying Agent. 
 ARTICLE IX 

AMENDMENTS 
 SECTION 9.1.
Without Consent of Holders. Notwithstanding Section 9.2 of this Indenture, the Issuer and the Trustee (together with any other party whose consent is required pursuant to the Intercreditor Agreements or the Collateral Documents)
may amend, supplement or otherwise modify the Notes Documents without the consent of any Holder (and, upon request from the Issuer, the Trustee shall request that the Collateral Agent enter into any such amendment, supplement or other modification
to the applicable Intercreditor Agreement or Collateral Documents) to: 
 (1) cure any ambiguity, omission, mistake, defect,
error or inconsistency; 
 (2) provide for the assumption by a successor Person of the obligations of the Issuer or any
Guarantor under any Notes Document; 
 (3) provide for uncertificated Notes in addition to or in place of certificated Notes;

 (4) add to the covenants or provide for a Note Guarantee for the benefit of the Holders or surrender any right or power
conferred upon Holdings, the Issuer or any Subsidiary; 
 (5) make any change that does not adversely affect in any material
respect the rights of any Holder; 
 (6) at the Issuer’s election, comply with any requirement of the SEC in connection
with the qualification of this Indenture under the TIA if such qualification is required; 

  
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 (7) make such provisions as necessary (as determined in good faith by the Issuer)
for the issuance of Additional Notes; 
 (8) provide for any Subsidiary of Holdings or any other Person to provide a Note
Guarantee, to add Note Guarantees with respect to the Notes, to add security to or for the benefit of the Notes, or to confirm and evidence the release, termination, discharge or retaking of any Guarantee or Lien with respect to or securing the
Notes when such release, termination, discharge or retaking is provided for under this Indenture, the Collateral Documents or the Intercreditor Agreements, as applicable; 

(9) evidence and provide for the acceptance and appointment under this Indenture of a successor Trustee or Collateral Agent
pursuant to the requirements hereof or to provide for the accession by the Trustee or Collateral Agent to any Notes Document or evidence and provide for the acceptance and appointment under any Intercreditor Agreement or Collateral Document of a
successor party thereto pursuant to the requirements thereof; 
 (10) make any amendment to the provisions of this Indenture
relating to the transfer and legending of Notes as permitted by this Indenture, including to facilitate the issuance and administration of Notes; provided, however, that (i) compliance with this Indenture as so amended would not
result in Notes being transferred in violation of the Securities Act or any other applicable securities law and (ii) such amendment does not adversely affect the rights of Holders to transfer Notes in any material respect; 

(11) mortgage, pledge, hypothecate or grant any other Lien in favor of the Collateral Agent for its benefit and the benefit of
the Trustee, the Holders of the Notes and the holders of any other Term Loan/Notes Secured Obligations, as additional security for the payment and performance of all or any portion of the Term Loan/Notes Secured Obligations, in any property or
assets, including any which are required to be mortgaged, pledged or hypothecated, or in which a Lien is required to be granted to or for the benefit of the Trustee or the Collateral Agent pursuant to this Indenture, any of the Intercreditor
Agreements, the Collateral Documents or otherwise; 
 (12) provide for the release of Collateral from the Lien, or the
subordination of such Lien, pursuant to this Indenture, the Collateral Documents and the Intercreditor Agreements when permitted or required by the Collateral Documents, this Indenture or the Intercreditor Agreements; 

(13) (i) secure any Future Term Loan/Notes Indebtedness, Junior Priority Obligation or Term Loan/Notes Secured Obligations to
the extent permitted under this Indenture, the Collateral Documents and the Intercreditor Agreements, (ii) include any ABL Secured Obligations, Junior Priority Obligations or Term Loan/Notes Secured Obligations in any Intercreditor Agreement,
(iii) enter into the Junior Priority Intercreditor Agreement, (iv) join any party to any Intercreditor Agreement to the extent permitted or required by the terms thereof or by the terms of this Indenture or any other Term Loan/Notes
Document or (v) supplement any schedules to any Collateral Document to the extent permitted or required by the terms thereof or by the terms of this Indenture or any other Term Loan/Notes Document; 

(14) comply with the rules of any applicable securities depositary; or 

(15) conform the text of this Indenture, any Notes Guarantee, the Notes or any other Notes Document to any provision of the
“Description of Notes” section of the Offering Memorandum. 
 SECTION 9.2. With Consent of Holders. 

(a) Except as provided in Section 9.1 and in Section 9.2(b), the Issuer and the Trustee may amend, supplement or
otherwise modify the Notes Documents (and, in the case of any Collateral Document or Intercreditor Agreement, upon a written request from the Issuer, the Trustee shall request that the Collateral Agent enter into any such amendment, supplement or
other modification), with the consent of the Holders of a majority in aggregate principal amount of the Notes then outstanding and issued under this Indenture (including consents obtained in connection with a purchase of, or tender offer or exchange
offer for, such Notes) (in addition to any other consents required 

  
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under the terms of the Intercreditor Agreements or the Collateral Documents from the parties thereto), and any Default or Event of Default thereunder or compliance with any provision of the Notes
Documents may be waived with the consent of the Holders of a majority in aggregate principal amount of the Notes then outstanding (including consents obtained in connection with a purchase of, or tender offer or exchange offer for, such Notes). 

(b) Without the consent of each Holder of Notes affected, an amendment, supplement or waiver may not, with respect to any Notes held by a
non-consenting Holder: 
 (1) reduce the principal amount of such Notes whose Holders must consent to an amendment; 

(2) reduce the stated rate of or extend the stated time for payment of interest on any such Note; 

(3) amend, change or modify in any material respect the obligation of the Issuer to make and consummate a Change of Control
Offer after the occurrence of a Change of Control; 
 (4) reduce the principal of or extend the Stated Maturity of any such
Note; 
 (5) reduce the premium payable upon the redemption of any such Note or change the time at which any such Note may be
redeemed to an earlier time, in each case as set forth in Section 5.7; 
 (6) make any such Note payable in
currency other than that stated in such Note; 
 (7) make any change in the contractual right expressly set forth in the
Indenture of any Holder to receive payment of principal of and interest on such Holder’s Notes on or after the due dates therefor or to institute suit for the enforcement of any such payment on or with respect to such Holder’s Notes; 

(8) waive a Default or Event of Default with respect to the nonpayment of principal, premium, if any, or interest (except
pursuant to a rescission of acceleration of the Notes by the Holders of a majority in aggregate principal amount of such Notes and a waiver of the payment default that resulted from such acceleration); or 

(9) make any change in the amendment or waiver provisions which require the Holders’ consent described in clauses
(1) – (8) above. 
 In addition, without the consent of the Holders of at least two-thirds in aggregate principal amount of
the Notes then outstanding, no amendment or waiver may release all or substantially all of the Collateral from the Lien of this Indenture and the Collateral Documents with respect to the Notes (other than in accordance with the terms of the
Collateral Documents and Intercreditor Agreements as in effect on the Issue Date or as otherwise provided in Section 12.2). 

It shall not be necessary for the consent of the Holders under this Indenture to approve the particular form of any proposed amendment,
supplement or waiver, but it shall be sufficient if such consent approves the substance thereof. A consent to any amendment, supplement or waiver under this Indenture by any Holder of the Notes given in connection with a tender or exchange of such
Holder’s Notes will not be rendered invalid by such tender or exchange. 
 SECTION 9.3. [Reserved]. 

SECTION 9.4. Revocation and Effect of Consents and Waivers. Until an amendment, supplement or waiver becomes effective, a consent to it
by a Holder of a Note is a continuing consent by the Holder of a Note and every subsequent Holder of a Note or portion of a Note that evidences the same debt as the consenting Holder’s Note, even if notation of the consent or waiver is not made
on any Note. However, any such Holder of a Note or subsequent Holder of a Note may revoke the consent or waiver as to such Holder’s Note or portion of its Note if the Trustee receives written notice of revocation before the date the amendment,
supplement or waiver becomes effective. An amendment, supplement or waiver becomes effective in accordance with its terms and thereafter binds every Holder. 

  
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 The Issuer may, but shall not be obligated to, fix a record date for the purpose of determining
the Holders entitled to give their consent or take any other action described in this Section 9.4 or required or permitted to be taken pursuant to this Indenture. If a record date is fixed, then notwithstanding the immediately preceding
paragraph, those Persons who were Holders at such record date (or their duly designated proxies), and only those Persons, shall be entitled to give such consent or to revoke any consent previously given or to take any such action, whether or not
such Persons continue to be Holders after such record date. No such consent shall be valid or effective for more than 120 days after such record date. 

SECTION 9.5. Notation on or Exchange of Notes. The Trustee may place an appropriate notation about an amendment, supplement or waiver
on any Note thereafter authenticated. The Issuer in exchange for all Notes may issue and the Trustee shall, upon receipt of an Issuer Order, authenticate new Notes that reflect the amendment, supplement or waiver. Failure to make the appropriate
notation or issue a new Note will not affect the validity and effect of such amendment, supplement or waiver. 
 SECTION 9.6. Trustee to
Sign Amendments. Upon the request of the Issuer, and upon the filing with the Trustee of evidence of the consent of the required Holders of Notes as aforesaid in Section 9.2, if such consent of the Holders of Notes is required, and upon
receipt by the Trustee of the documents described in this Section 9.6 and Section 13.3, the Trustee shall join (or, if applicable and requested in writing by the Issuer in the case of any amendment, supplement or other
modification to any Intercreditor Agreement or Collateral Document, request that the Collateral Agent join) with the Issuer and the Guarantors, if applicable, in the execution of any amended or supplemental indenture or amendment, supplement or
other modification to any Notes Document unless such amended or supplemental indenture or amendment or supplement to any Notes Document adversely affects the Trustee’s own rights, duties or immunities under any Notes Document or otherwise, in
which case the Trustee may in its discretion, but will not be obligated to, enter into such amended or supplemental indenture or amendment, supplement or other modification to any Notes Document. After an amendment or supplement under
Section 9.1 or 9.2, as applicable, becomes effective, the Issuer shall mail to Holders a notice briefly describing such amendment or supplement. The failure to give such notice to all Holders, or any defect therein, shall not
impair or affect the validity of an amendment or supplement under Section 9.1 or 9.2, as applicable. In executing any amended or supplemental indenture, the Trustee shall receive and (subject to Sections 7.1 and
7.2) shall be fully protected in conclusively relying upon, in addition to the documents required by Section 13.3, an Officer’s Certificate and an Opinion of Counsel stating that the execution of such amended or supplemental
indenture is authorized or permitted by this Indenture and is valid, binding and enforceable against the Issuer or any Guarantor, as the case may be, in accordance with its terms. In requesting that the Collateral Agent join in executing any
amendment or supplement to any Notes Document, the Trustee shall receive and (subject to Sections 7.1 and 7.2) shall be fully protected in conclusively relying upon, such certificates as are required by Section 2.04 of the
Pari Passu Intercreditor Agreement. 
 ARTICLE X 

GUARANTEE 
 SECTION 10.1.
Guarantee. Subject to the provisions of this Article X, each Guarantor hereby fully, unconditionally and irrevocably guarantees (the “Note Guarantees”), as primary obligor and not merely as surety, jointly and
severally with each other Guarantor, to each Holder of the Notes, the Trustee and the Collateral Agent the full and punctual payment when due, whether at maturity, by acceleration, by redemption or otherwise, of the principal of, premium, if any,
and interest on the Notes, fees, expenses, indemnities and all other Obligations and liabilities of the Issuer under this Indenture (including without limitation interest accruing after the filing of any petition or application in bankruptcy, or the
commencement of any insolvency, reorganization or like proceeding, relating to the Issuer or any Guarantor whether or not a claim for post-filing or post-petition
interest is allowed in such proceeding and the obligations under Section 7.7) (all the foregoing being hereinafter collectively called the “Guaranteed Obligations”). 

  
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 To evidence its Note Guarantee set forth in this Section 10.1, each Guarantor hereby
agrees that this Indenture shall be executed on behalf of such Guarantor by an Officer of such Guarantor. 
 Each Guarantor hereby agrees
that its Note Guarantee set forth in this Section 10.1 shall remain in full force and effect notwithstanding the absence of the endorsement of any notation of such Guarantee on the Notes. 

If an Officer whose signature is on this Indenture no longer holds that office at the time the Trustee authenticates the Note, the Note
Guarantee shall be valid nevertheless. 
 Each Guarantor further agrees (to the extent permitted by law) that the Guaranteed Obligations may
be extended or renewed, in whole or in part, without notice or further assent from it, and that it will remain bound under this Article X notwithstanding any extension or renewal of any Guaranteed Obligation. 

Each Guarantor waives presentation to, demand of payment from and protest to the Issuer of any of the Guaranteed Obligations and also waives
notice of protest for nonpayment. Each Guarantor waives notice of any default under the Notes or the Guaranteed Obligations. 
 Each
Guarantor further agrees that its Note Guarantee herein constitutes a Guarantee of payment when due (and not a Guarantee of collection) and waives any right to require that any resort be had by any Holder to any security held for payment of the
Guaranteed Obligations. 
 Except as set forth in Section 10.2, the obligations of each Guarantor hereunder shall not be subject
to any reduction, limitation, impairment or termination for any reason (other than payment of the Guaranteed Obligations in full), including any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense
of setoff, counterclaim, recoupment or termination whatsoever or by reason of the invalidity, illegality or unenforceability of the Guaranteed Obligations or otherwise. Without limiting the generality of the foregoing, the Guaranteed Obligations of
each Guarantor herein shall not be discharged or impaired or otherwise affected by (a) the failure of any Holder to assert any claim or demand or to enforce any right or remedy against the Issuer or any other person under this Indenture, the
Notes or any other agreement or otherwise; (b) any extension or renewal of any thereof; (c) subject to Section 9.2, any rescission, waiver, amendment or modification of any of the terms or provisions of this Indenture, the
Notes or any other agreement; (d) subject to Section 10.2(b), the release of any security held by any Holder for the Guaranteed Obligations; (e) the failure of any Holder to exercise any right or remedy against any other
Guarantor; (f) any change in the ownership of the Issuer; (g) any default, failure or delay, willful or otherwise, in the performance of the Guaranteed Obligations; or (h) any other act or thing or omission or delay to do any other
act or thing which may or might in any manner or to any extent vary the risk of any Guarantor or would otherwise operate as a discharge of such Guarantor as a matter of law or equity. 

Each Guarantor agrees that its Note Guarantee herein shall remain in full force and effect until payment in full of all the Guaranteed
Obligations or such Guarantor is released from its Note Guarantee in compliance with Section 10.2, Article VIII or Article XI. Each Guarantor further agrees that its Note Guarantee herein shall continue to be
effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of principal of, premium, if any, or interest, if any, on any of the Guaranteed Obligations is rescinded or must otherwise be restored by any Holder upon
the bankruptcy, insolvency or reorganization of the Issuer or otherwise. 
 In furtherance of the foregoing and not in limitation of any
other right which any Holder has at law or in equity against any Guarantor by virtue hereof, upon the failure of the Issuer to pay any of the Guaranteed Obligations when and as the same shall become due, whether at maturity, by acceleration, by
redemption or otherwise, each Guarantor hereby promises to and will, upon receipt of written demand by the Trustee, forthwith pay, or cause to be paid, in cash, to the Trustee on behalf of itself, the Holders and the Collateral Agent an amount equal
to the sum of (i) the unpaid amount of such Guaranteed Obligations then due and owing and (ii) accrued and unpaid interest, if any, on such Guaranteed Obligations then due and owing (but only to the extent not prohibited by law) (including
interest accruing after the filing of any petition or application in bankruptcy or the commencement of any insolvency, reorganization or like proceeding relating to the Issuer or any Guarantor whether or not a claim for post-filing or post-petition interest is allowed in such proceeding). 

  
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 Each Guarantor further agrees that, as between such Guarantor, on the one hand, and the Holders,
on the other hand, (x) the maturity of the Guaranteed Obligations guaranteed hereby may be accelerated as provided in this Indenture for the purposes of its Note Guarantee herein, notwithstanding any stay, injunction or other prohibition
preventing such acceleration in respect of the Guaranteed Obligations guaranteed hereby and (y) in the event of any such declaration of acceleration of such Guaranteed Obligations, such Guaranteed Obligations (whether or not due and payable)
shall forthwith become due and payable by the Guarantor for the purposes of the Note Guarantee. 
 Each Guarantor also agrees to pay any and
all fees, costs and expenses (including attorneys’ fees and expenses) incurred by the Trustee, the Collateral Agent or the Holders in enforcing any rights under this Section 10.1. 

SECTION 10.2. Limitation on Liability; Termination, Release and Discharge. 

(a) Any term or provision of this Indenture to the contrary notwithstanding, the obligations of each Guarantor under its Note Guarantee will be
limited to the maximum amount that would, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the
obligations of such other Guarantor under its Note Guarantee or pursuant to its contribution obligations under this Indenture, not render the obligations of such Guarantor under its Note Guarantee subject to avoidance under applicable law as a
fraudulent conveyance, fraudulent transfer or unjust preference, including provisions of the Bankruptcy Code. 
 (b) Any Note Guarantee of a
Subsidiary Guarantor shall be automatically and unconditionally released and discharged: 
 (1) upon the consummation of any
transaction not prohibited by this Indenture (including by way of sale, disposition or other transfer of Equity Interests of a Guarantor or merger, consolidation, liquidation or dissolution) that results in such Subsidiary Guarantor ceasing to be a
Subsidiary of Holdings; 
 (2) except for a Subsidiary that continues to own any Issue Date Material Real Estate Asset or
that continues to Guarantee any other then outstanding Series of Term Loan/Notes Secured Obligations, in connection with any sale, disposition or other transfer of all or substantially all of the assets of such Subsidiary Guarantor (including by way
of merger or consolidation), if the sale, disposition or other transfer is made in compliance with this Indenture; 
 (3)
except in the case of a Subsidiary Guarantor that continues to own any Issue Date Material Real Estate Asset, upon the release of the Guarantee by such Subsidiary of each other then outstanding Series of Term Loan/Notes Secured Obligations of that
Subsidiary Guarantor (other than in connection with a repayment in full of such other Series of Term Loan/Notes Secured Obligations); 

(4) upon payment in full of the principal of, and accrued and unpaid interest and premium, if any, on, the Notes; 

(5) except for a Subsidiary that continues to own any Issue Date Material Real Estate Asset or that continues to Guarantee any
other Series of Term Loan/Notes Secured Obligations, if such Subsidiary Guarantor becomes an Excluded Subsidiary. 
 In addition to the
foregoing, the Note Guarantees of all Guarantors will be released upon a Defeasance of this Indenture in accordance with Article VIII or Satisfaction and Discharge of this Indenture in accordance with Article XI. 

SECTION 10.3. Right of Contribution. Each Guarantor hereby agrees that to the extent that any Guarantor shall have paid more than its
proportionate share of any payment made on the obligations under its Note Guarantee, such Guarantor shall be entitled to seek and receive contribution from and against the Issuer or any other Guarantor who has not paid its proportionate share of
such payment. The provisions of this Section 10.3 shall in no respect limit the obligations and liabilities of each Guarantor to the Trustee and the Holders and each Guarantor shall remain liable to the Trustee and the Holders for the
full amount guaranteed by such Guarantor hereunder. 

  
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 SECTION 10.4. No Subrogation. Notwithstanding any payment or payments made by each
Guarantor hereunder, no Guarantor shall be entitled to be subrogated to any of the rights of the Trustee or any Holder against the Issuer or any other Guarantor or any collateral security or guarantee or right of offset held by the Trustee or any
Holder for the payment of the Guaranteed Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Issuer or any other Guarantor in respect of payments made by such Guarantor hereunder, until all
amounts owing to the Trustee and the Holders by the Issuer on account of the Guaranteed Obligations are paid in full. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed
Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Trustee and the Holders, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to
the Trustee in the exact form received by such Guarantor (duly indorsed by such Guarantor to the Trustee, if required), to be applied against the Guaranteed Obligations. 

ARTICLE XI 
 SATISFACTION AND
DISCHARGE 
 SECTION 11.1. Satisfaction and Discharge. The Indenture (including the Notes and the Note Guarantees) will cease to
be of further effect as to the Notes (this being referred to herein as “Satisfaction and Discharge”) (except as to any surviving rights of registration of transfer of Notes expressly provided for in this Indenture and any rights to
receive payments of interest on the Notes and rights of the Trustee to compensation, reimbursement and indemnification and the Issuer’s obligations with respect thereto expressly provided for herein) and all Note Guarantees, and all Liens on
the Collateral securing the Notes and the Note Guarantees, will be released and terminated, and the Trustee, on demand of and at the Issuer’s expense, will execute instruments as reasonably requested by the Issuer acknowledging Satisfaction and
Discharge, when: 
 (a) either: 

(1) all Notes that have been authenticated and delivered (other than (A) Notes which have been destroyed, lost or stolen
and which have been replaced or paid and (B) Notes for whose payment money has been either deposited in trust or segregated and held in trust by the Issuer and thereafter repaid to the Issuer or discharged from such trust or paid to any State
or the District of Columbia pursuant to its unclaimed property or similar laws) have been delivered to the Trustee for cancellation; or 

(2) all Notes that have not been so delivered to the Trustee for cancellation (A) have become due and payable,
(B) will become due and payable at their Stated Maturity within one year or (C) are to be called for redemption within one year under arrangements reasonably satisfactory to the Trustee for the giving of the notice of redemption by the
Trustee in the name, and at the expense, of the Issuer, and the Issuer has deposited or caused or directed to be deposited with the Trustee, as trust funds in trust for this purpose, (i) money in an amount, or (ii) U.S. Government
Obligations which through the scheduled payment of principal and interest in respect thereof in accordance with their terms will provide, not later than one day before the due date of any payment, money in an amount, or (iii) a combination
thereof, in each case sufficient to pay and discharge, and which shall be applied by the Trustee to pay and discharge, the entire indebtedness on the Notes not delivered to the Trustee for cancellation, for principal, premium, if any, and accrued
and unpaid interest, if any, to, but not including, the date of such deposit (in the case of Notes that have become due and payable) or maturity or redemption, as the case may be; 

(b) the Issuer has paid or caused to be paid all other sums payable by the Issuer under this Indenture; and; 

(c) the Issuer has delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel each stating that all
conditions precedent in this Indenture relating to the Satisfaction and Discharge have been complied with. 

  
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 Upon compliance with the foregoing, the Trustee shall execute such instrument(s) as reasonably
requested by the Issuer acknowledging the Satisfaction and Discharge of all of the Issuer’s and the Guarantors’ obligations under the Notes, subject to such provisions that shall survive pursuant to the terms of this Indenture. 

Notwithstanding the Satisfaction and Discharge, the obligations of the Issuer and the Guarantors to the Trustee and, if money has been
deposited with the Trustee pursuant to Section 11.1(a)(2), the obligations of the Trustee under Section 8.5, this Section 11.1 and Section 11.2 shall survive. 

SECTION 11.2. Application of Trust Money. Subject to the provisions of Section 8.5, all money deposited with the Trustee
pursuant to Section 11.1 shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent (including the Issuer acting as its own
Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal, premium, if any, and interest for the payment of which such money has been deposited with the Trustee; but such money need not be segregated from other
funds except to the extent required by law. 
 If the Trustee or Paying Agent is unable to apply any money or U.S. Government Obligations in
accordance with Section 11.1 by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the Issuer’s and the
Guarantors’ obligations under this Indenture, the Notes and the Note Guarantees shall be revived and reinstated as though no deposit had occurred pursuant to Section 11.1 until such time as the Trustee or Paying Agent is permitted
to apply all such money or U.S. Government Obligations in accordance with Section 11.1; provided that if the Issuer has made any payment of principal of, premium, if any, or interest on, any Notes because of the reinstatement of
its obligations, the Issuer shall be subrogated to the rights of the Holders of such Notes to receive such payment from the money or U.S. Government Obligations held by the Trustee or Paying Agent. 

ARTICLE XII 
 COLLATERAL

 SECTION 12.1. Collateral Documents. The Trustee and the Issuer hereby acknowledge and agree that the Collateral Agent holds
the Collateral in trust for the benefit of the Term Loan/Notes Secured Parties and pursuant to the terms of the Collateral Documents and the Intercreditor Agreements. Each Holder, by accepting a Note, (i) consents and agrees to the terms of the
Collateral Documents (including the provisions providing for the possession, use, release and foreclosure of Collateral) and the Intercreditor Agreements as the same may be in effect or may be amended from time to time in accordance with their terms
and this Indenture and the Intercreditor Agreements, (ii) consents to the priority of Liens and payments provided for in the Intercreditor Agreements, (iii) agrees that it will be bound by and will take no actions contrary to the
provisions of the Intercreditor Agreements, (iv) authorizes and directs the Trustee (in the case of the applicable Intercreditor Agreements) and the Collateral Agent to enter into the Collateral Documents and the Intercreditor Agreements on
behalf of such Holder and to bind such Holder thereby and to perform its respective obligations and exercise its rights thereunder in accordance therewith, and (v) authorizes the release or subordination of any Lien granted under any Collateral
Document pursuant to Section 12.2 below and the terms of the Collateral Documents and the Intercreditor Agreements, and directs the Trustee (and directs the Trustee to direct the Collateral Agent) to execute and deliver or authorize the
filing of any documents or instruments necessary or requested to effectuate or evidence such release or subordination. The Issuer and the Guarantors shall take any and all actions and make all filings (including the filing of UCC financing
statements, continuation statements and amendments thereto) required under the Collateral Documents to create and maintain, as security for the Notes Obligations and the other Term Loan/Notes Secured Obligations, a valid and enforceable perfected
Lien and security interest in and on all of the Collateral (subject to the terms of the Intercreditor Agreements and the Collateral Documents), in favor of the Collateral Agent for the benefit of the Notes Secured Parties and the other Term
Loan/Notes Secured Parties. In the event of any conflict between the terms of the Intercreditor Agreements and this Indenture or any of the other Notes Documents, the provisions of the Intercreditor Agreements shall govern and control. 

  
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 SECTION 12.2. Release or Subordination of Liens on the Collateral. 

(a) Subject to Section 12.2(c), the Liens securing the Notes Obligations will be automatically released, and, if requested by the
Issuer (at any time that the Trustee is the Applicable Authorized Representative or otherwise), the Trustee (subject to its receipt of an Officer’s Certificate as provided below) shall instruct the Collateral Agent to execute and deliver or
otherwise authorize the filing of such documents or instruments as the Issuer shall reasonably request to effectuate or evidence such release (and in the case of clause (v) below, such subdivision), the same at the Issuer’s sole cost and
expense, under one or more of the following circumstances: 
 (i) in whole upon the Defeasance of this Indenture as set forth
under Article VIII or upon Satisfaction and Discharge of this Indenture as set forth under Article XI; 
 (ii) in whole or in
part, as provided in the Intercreditor Agreements; 
 (iii) in whole or in part, with the consent of the requisite Holders of
the Notes in accordance with the provisions under Section 9.2; 
 (iv) as to any asset constituting Collateral
that is sold or otherwise disposed of or transferred by the Issuer or any of the Guarantors to any Person that is not the Issuer or a Guarantor in a transaction not prohibited by this Indenture (to the extent of the interest sold or disposed of or
transferred); 
 (v) in part as to any TBA/Vacant Parcel that the Issuer intends to subdivide from any Real Estate Asset;

 (vi) as to any asset constituting Collateral, upon the release of all Liens on such Collateral securing all other then
outstanding Series of Term Loan/Notes Secured Obligations (other than in connection with a repayment in full of another Series of Term Loan/Notes Secured Obligations), which release shall occur upon receipt by the Collateral Agent of a written
notice from the Applicable Authorized Representative requesting such release; and 
 (vii) as to any asset constituting
Collateral that becomes an Excluded Asset pursuant to a transaction not prohibited by the Indenture. 
 (b) Subject to
Section 12.2(c), the Liens securing the Notes Obligations may be subordinated, and, if requested by the Issuer (at any time that the Trustee is the Applicable Authorized Representative or otherwise), the Trustee (subject to its receipt
of an Officer’s Certificate as provided below) shall instruct the Collateral Agent to execute and deliver or otherwise authorize the filing of such documents or instruments as the Issuer shall reasonably request to effectuate or evidence such
subordination, the same at the Issuer’s sole cost and expense, on any property subject or to be subject to a Lien securing Indebtedness incurred to finance the acquisition, construction or improvement of any fixed or capital assets (other than
Issue Date Material Real Estate Assets), including Capital Lease Obligations and any Indebtedness assumed in connection with the acquisition of any such assets or secured by a Lien on any such assets prior to the acquisition thereof, in each case to
the extent that such Liens are Permitted Liens. 
 (c) Except with respect to a release of Collateral pursuant to subclause (ii) or
(vi) of clause (a) above, which shall occur upon receipt by the Collateral Agent of a written notice from the Applicable Authorized Representative requesting such release, the Collateral Agent shall release or subordinate its Lien on
Collateral pursuant to the other subclauses of clause (a) or pursuant to clause (b) above upon receipt of an Officer’s Certificate of the Issuer certifying that such release of or subordination of its Lien on Collateral is in
accordance with the terms of this Indenture, and the Trustee (subject to its receipt of an Officer’s Certificate), if requested by the Issuer (at any time that the Trustee is the Applicable Authorized Representative or otherwise), shall
instruct the Collateral Agent to release or subordinate its Lien on Collateral as set forth above. 
 (d) The documents and instruments
requested to effectuate or evidence any release, subordination or subdivision referred to in clauses (a), (b) and (c) above may take the form of amendments and restatements of, or 

  
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other amendments or modifications to, one or more of the Collateral Documents solely to give effect to the foregoing, which amendments, restatements or other modifications shall not require the
consent of any Holder pursuant to clause (12) of Section 9.1. 
 ARTICLE XIII 

MISCELLANEOUS 
 SECTION
13.1. Notices. Any notice or communication to the JCP Parties or the Trustee shall be sufficiently given if written and (a) delivered in person or (b) mailed by first class mail (certified or registered, return receipt requested) or
(c) sent by facsimile transmission or (d) sent by overnight air courier guaranteeing next-day delivery, or (e) sent by electronic transmission, in each case addressed as follows: 

if to the JCP Parties: 
 J. C.
Penney Corporation, Inc. 
 6501 Legacy Drive 

Plano, Texas 75024 
 Attention:
Treasurer 
 Facsimile No.: (972) 431-2044 

Email: mporter@jcp.com 
 in each
case, with a copy to: 
 Skadden, Arps, Slate, Meagher & Flom LLP 

300 South Grand Avenue 
 Suite
3400 
 Los Angeles, California 90024 

Attention: Gregg Noel 
 Facsimile
No.: (213) 621-5234 
 Email: gregg.noel@skadden.com 

if to the Trustee, at its Corporate Trust Office, which Corporate Trust Office for purposes of this Indenture is at the date hereof located
at: 
 Wilmington Trust, National Association 

50 South Sixth Street 
 Suite 1290

 Minneapolis, Minnesota 55402 

Attention: J. C. Penney Notes Administrator 

Facsimile No.: (612) 217-5651 

Email: hfield@wilmingtontrust.com 

The JCP Parties or the Trustee, by notice to the others, may designate additional or different addresses and/or facsimile numbers for
subsequent notices or communications. 
 All notices and communications (other than those sent to Holders) will be deemed to have been duly
given: at the time delivered by hand, if personally delivered; three Business Days after being deposited in the mail, postage prepaid, if mailed by first class mail (certified or registered, return receipt requested); upon acknowledgment of receipt,
if transmitted by facsimile; the next Business Day after timely delivery to the courier, if sent by overnight air courier guaranteeing next-day delivery; and at the time delivered if sent by electronic transmission. 

Any notice or communication to a Holder shall be mailed by first class mail, certified or registered, return receipt requested, or sent by
overnight air courier guaranteeing next day delivery to its address shown on the register kept by the Registrar or, with respect to Global Notes, to the extent permitted or required by the applicable procedures of DTC, sent electronically. Failure
to deliver, mail, transmit or send a notice or communication to a Holder or any defect in it will not affect its sufficiency with respect to other Holders. 

  
 -64- 

 If a notice or communication is delivered, mailed, transmitted or sent in the manner provided
above within the time prescribed, it is duly given, whether or not the addressee receives it. 
 If the JCP Parties mail or send a notice or
communication to Holders, they will mail or send a copy to the Trustee and each Agent at the same time. 
 Where this Indenture provides for
notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the
Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance on such waiver. 
 In case it
shall be impracticable to give notice in the manner provided above, including by reason of a suspension of regular mail service, then such notification as shall be made with the approval of the Trustee shall constitute a sufficient notification for
every purpose hereunder. 
 SECTION 13.2. [Reserved]. 

SECTION 13.3. Certificate and Opinion as to Conditions Precedent. 

Upon any request or application by the Issuer or any of the Guarantors to the Trustee to take or refrain from taking any action under this
Indenture or the Notes (except any request pursuant to Section 12.2(c), which requirements are set forth therein), the Issuer or such Guarantor, as the case may be, shall furnish to the Trustee: 

(1) an Officer’s Certificate in form and substance reasonably satisfactory to the Trustee (which shall include the
statements set forth in Section 13.4) stating that, in the opinion of the signatory thereto, all conditions precedent and covenants, if any, provided for in this Indenture relating to the proposed action have been satisfied or complied
with, as applicable; and 
 (2) an Opinion of Counsel in form and substance reasonably satisfactory to the Trustee (which
shall include the statements set forth in Section 13.4) stating that, in the opinion of such counsel, all such conditions precedent and covenants have been satisfied or complied with, as applicable. 

SECTION 13.4. Statements Required in Certificate or Opinion. Each certificate or opinion with respect to compliance with a condition or
covenant provided for in this Indenture shall include: 
 (1) a statement that each person signing such certificate or
opinion has read such covenant or condition and the definitions relating thereto; 
 (2) a brief statement as to the nature
and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; 

(3) a statement that, in the opinion of each such person, 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 or complied with, as applicable; and 

(4) a statement as to whether or not, in the opinion of each such person, such covenant or condition has been satisfied or
complied with, as applicable. 
 In giving such Opinion of Counsel, counsel may rely as to factual matters on an Officer’s Certificate
or on certificates of public officials. 
 SECTION 13.5. When Notes Disregarded. In determining whether the Holders of the required
aggregate principal amount of Notes have concurred in any direction, waiver or consent, Notes owned by the Issuer, any Guarantor or any Affiliate of them shall be disregarded and deemed not to be outstanding, except that, for the purpose of
determining whether the Trustee shall be protected in relying on any such direction, waiver or consent, only Notes which a Trust Officer of the Trustee actually knows are so owned shall be so disregarded. Also, subject to the foregoing, only Notes
outstanding at the time shall be considered in any such determination. 

  
 -65- 

 SECTION 13.6. Rules by Trustee, Paying Agent and Registrar. The Trustee may make
reasonable rules for action by, or at meetings of, Holders. The Registrar and the Paying Agent may make reasonable rules and set reasonable requirements for their functions. 

SECTION 13.7. Legal Holidays. A “Legal Holiday” is a Saturday, a Sunday or other day on which commercial banking
institutions are authorized or required to be closed in New York, New York or the state of the place of payment. If a payment date is a Legal Holiday, payment shall be made on the next succeeding day that is not a Legal Holiday, and no interest
shall accrue for the intervening period. If a regular record date is a Legal Holiday, the record date shall not be affected. 
 SECTION
13.8. Governing Law. THIS INDENTURE, THE NOTES AND THE NOTE GUARANTEES SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

SECTION 13.9. Jurisdiction. The Issuer and the Guarantors agree that any suit, action or proceeding against the Issuer or any Guarantor
brought by any Holder or the Trustee arising out of or based upon this Indenture, the Note Guarantee or the Notes may be instituted in any state or Federal court in the Borough of Manhattan, New York, New York, and any appellate court from any
thereof, and each of them irrevocably submits to the non-exclusive jurisdiction of such courts in any suit, action or proceeding. The Issuer and the Guarantors irrevocably waive, to the fullest extent
permitted by law, any objection to any suit, action, or proceeding that may be brought in connection with this Indenture, the Note Guarantee or the Notes, including such actions, suits or proceedings relating to securities laws of the United States
of America or any state thereof, in such courts whether on the grounds of venue, residence or domicile or on the ground that any such suit, action or proceeding has been brought in an inconvenient forum. The Issuer and the Guarantors agree that
final judgment in any such suit, action or proceeding brought in such court shall be conclusive and binding upon the Issuer or the Guarantors, as the case may be, and may be enforced in any court to the jurisdiction of which the Issuer or the
Guarantors, as the case may be, are subject by a suit upon such judgment. 
 SECTION 13.10. Waivers of Jury Trial. EACH OF
THE ISSUER, THE GUARANTORS AND THE TRUSTEE HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS
INDENTURE, THE NOTES OR THE NOTE GUARANTEES AND FOR ANY COUNTERCLAIM THEREIN. 
 SECTION 13.11. USA PATRIOT Act. The parties
hereto acknowledge that in accordance with Section 326 of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “USA PATRIOT Act”), the Trustee, like all financial institutions and in
order to help fight the funding of terrorism and money laundering, is required to obtain, verify, and record information that identifies each person or legal entity that establishes a relationship or opens an account with the Trustee. The parties to
this Indenture agree that they will provide the Trustee with such information as each may request in order for the Trustee to satisfy the requirements of the USA PATRIOT Act. 

SECTION 13.12. No Recourse Against Others. No director, officer, manager, employee, incorporator or direct or indirect partner, member
or stockholder, past, present or future, of the Issuer, any Guarantor or any successor entity of any of them, as such, will have any liability for any of the obligations of the Issuer or any Guarantor under the Notes or the Indenture or any other
Notes Document or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting a note waives and releases all such liability. The waiver and release may not be effective to waive liabilities
under the federal securities laws. 
 SECTION 13.13. Successors. All agreements of the Issuer and each Guarantor in this Indenture
and the Notes shall bind their respective successors. All agreements of the Trustee in this Indenture shall bind its successors. 

  
 -66- 

 SECTION 13.14. Multiple Originals. The parties may sign any number of copies of this
Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. The exchange of copies of this Indenture and of signature pages by facsimile, pdf or other electronic transmission shall constitute
effective execution and delivery of this Indenture as to the parties hereto and may be used in lieu of the original Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile, pdf or other electronic means shall be deemed
to be their original signatures for all purposes. 
 SECTION 13.15. Table of Contents; Headings. The table of contents, cross-reference table and headings of the Articles and Sections of this Indenture have been inserted for convenience of reference only, are not intended to be considered a part hereof and shall not modify or
restrict any of the terms or provisions hereof. 
 SECTION 13.16. Force Majeure. In no event shall the Trustee or Collateral Agent be
responsible or liable for any failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of
war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services, it being understood that the Trustee
and Collateral Agent shall use commercially reasonable efforts which are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 

SECTION 13.17. Severability. In case any provision in this Indenture or in the Notes shall be invalid, illegal or unenforceable, the
validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 [signatures on
following pages] 

  
 -67- 

 IN WITNESS WHEREOF, the parties have caused this Indenture to be duly executed all as of the date
and year first written above. 
  

			
	J. C. PENNEY CORPORATION, INC.
		
	By:	 	 /s/ Michael Porter

	Name:	 	Michael Porter
	Title:	 	Vice President, Treasurer
	
	J. C. PENNEY COMPANY, INC.
		
	By:	 	 /s/ Edward Record

	Name:	 	Edward Record
	Title:	 	Executive Vice President and Chief Financial Officer
	
	JCP REAL ESTATE HOLDINGS, INC.
		
	By:	 	 /s/ Gary Piper

	Name:	 	Gary Piper
	Title:	 	Treasurer
	
	J. C. PENNEY PROPERTIES, INC.
		
	By:	 	 /s/ Gary Piper

	Name:	 	Gary Piper
	Title:	 	Treasurer
	
	J. C. PENNEY PURCHASING CORPORATION
		
	By:	 	 /s/ Gary Piper

	Name:	 	Gary Piper
	Title:	 	Treasurer

 [Signature Page to the Indenture] 

 
			
	WILMINGTON TRUST, NATIONAL ASSOCIATION,
	as Trustee
		
	By:	 	 /s/ Hallie E. Field

	Name:	 	Hallie E. Field
	Title:	 	Assistant Vice President

 [Signature Page to the Indenture] 

 EXHIBIT A 

[FORM OF FACE OF GLOBAL RESTRICTED NOTE] 

[Applicable Restricted Notes Legend] 

[Depository Legend, if applicable] 
  

					
	No. [                    ]	 		  	Principal Amount $[        ] [as revised by the Schedule of Increases and Decreases in Global Note attached hereto]1
		 		  	CUSIP NO.                    

 J. C. PENNEY CORPORATION, INC. 

J. C. Penney Corporation, Inc., a Delaware corporation, promises to pay to [Cede & Co.], or its registered assigns, the principal sum
of              Dollars, [as revised by the Schedule of Increases and Decreases in Global Note attached hereto], on July 1, 2023. 

Interest Payment Dates: January 1 and July 1, commencing on January 1,
20172 
 Record Dates: December 15 and June 15 

Additional provisions of this Note are set forth on the other side of this Note. 

 
  

	1 	Insert in Global Notes only. 

	2 	In the case of Notes issued on the Issue Date. 

  
 A-1 

 IN WITNESS WHEREOF, the Issuer has caused this instrument to be duly executed. 

 

			
	J. C. PENNEY CORPORATION, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	

 TRUSTEE CERTIFICATE OF AUTHENTICATION 

This Note is one of the Notes referred to in the within-mentioned Indenture. 

 

			
	WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	  

		 	Authorized Signatory

 Dated:
                     

  
 A-2 

 [FORM OF REVERSE SIDE OF NOTE] 

J. C. PENNEY CORPORATION, INC. 

5.875% Senior Secured Notes due 2023 

Capitalized terms used herein and not defined herein have the meanings ascribed thereto in the Indenture. 

 

	1.	Interest 

 J. C. Penney Corporation, Inc., a Delaware corporation, promises to pay
interest on the principal amount of this Note at 5.875% per annum from June 23, 20163 until maturity. The Issuer will pay interest semi-annually
in arrears every January 1 and July 1 of each year, or if any such day is not a Business Day, on the next succeeding Business Day (each, an “Interest Payment Date”). Interest on the Notes shall accrue from the most recent
date to which interest has been paid or, if no interest has been paid, from the date of issuance; provided, that the first Interest Payment Date shall be January 1, 2017.4 The Issuer
shall pay interest on overdue principal at the rate specified herein, and it shall pay interest (including post-petition interest in any proceeding under the Bankruptcy Code) on overdue installments of
interest (without regard to any applicable grace period) at the same rate to the extent lawful. Interest on the Notes will be computed on the basis of a 360-day year comprised of twelve 30-day months. Each interest period will end on (but not include) the relevant Interest Payment Date. 
  

	2.	Method of Payment 

 By no later than 10:00 a.m. (Eastern Time) on the date on which
any principal of, premium, if any, or interest, if any, on any Note is due and payable, the Issuer shall deposit with the Paying Agent a sum sufficient in immediately available funds to pay such principal, premium, if any, and interest, if any, when
due. Interest on any Note which is payable, and is timely paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the
preceding January 1 and July 1 at the office or agency of the Issuer maintained for such purpose pursuant to Section 2.3 of the Indenture. The principal of, and premium, if any, and interest on the Notes shall be payable at the
office or agency of the Paying Agent or Registrar designated by the Issuer maintained for such purpose (which shall initially be the office of the Trustee maintained for such purpose), or at such other office or agency of the Issuer as may be
maintained for such purpose pursuant to Section 2.3 of the Indenture; provided, however, that, at the option of the Paying Agent, each installment of interest may be paid by (i) check mailed to addresses of the Persons
entitled thereto as such addresses shall appear on the Notes Register or (ii) wire transfer to an account located in the United States maintained by the payee, subject to the last sentence of this paragraph. Payments in respect of Notes
represented by a Global Note (including principal, premium, if any, and interest, if any) will be made by wire transfer of immediately available funds to the accounts specified by The Depository Trust Company or any successor depository. Payments in
respect of Notes represented by Definitive Notes (including principal, premium, if any, and interest) held by a Holder of at least $1,000,000 aggregate principal amount of Notes represented by Definitive Notes will be made by wire transfer to a U.S.
dollar account maintained by the payee with a bank in the United States if such Holder elects payment by wire transfer by giving written notice to the Trustee or the Paying Agent to such effect designating such account no later than fifteen
(15) days immediately preceding the relevant due date for payment (or such other date as the Trustee may accept in its discretion). If an Interest Payment Date is a Legal Holiday, payment shall be made on the next succeeding day that is not a
Legal Holiday, and no interest shall accrue for the intervening period. If a regular record date is a Legal Holiday, the record date shall not be affected. 
  

	3.	Paying Agent and Registrar 

 The Issuer initially appoints Wilmington Trust, National
Association (the “Trustee”) to act as the Registrar and Paying Agent for the Notes. The Issuer may change any Registrar or Paying Agent without prior notice to the Holders. The Issuer or any Guarantor may act as Paying Agent,
Registrar or transfer agent. 
  
  

	3 	In the case of Notes issued on the Issue Date. 

	4 	In the case of Notes issued on the Issue Date. 

  
 A-3 

	4.	Indenture 

 The Issuer issued the Notes under an Indenture, dated as of June 23,
2016 (as it may be amended or supplemented from time to time in accordance with the terms thereof, the “Indenture”), among the Issuer, the Guarantors party thereto and the Trustee. The terms of the Notes include those stated in the
Indenture. The Notes are subject to all terms and provisions of the Indenture, and Holders are referred to the Indenture for a statement of those terms. In the event of a conflict between the terms of the Notes and the terms of the Indenture, the
terms of the Indenture shall prevail. 
  

	5.	Guarantees 

 To guarantee the due and punctual payment of the principal, premium, if any,
and interest (including post-filing or post-petition interest) on the Notes and all other amounts payable by the Issuer under the Indenture and the Notes when and as the
same shall be due and payable, whether at maturity, by acceleration or otherwise, according to the terms of the Notes and the Indenture, the Guarantors have guaranteed (and future guarantors, jointly and severally with the Guarantors, will fully
guarantee) such obligations on a senior secured basis pursuant to the terms of the Indenture. 
  

	6.	Optional Redemption 

 (a) At any time, and from time to time, prior to July 1, 2019,
the Issuer may redeem the Notes in whole or in part, at its option, at a redemption price equal to the greater of.: 
 (1) 100% of the
principal amount of such Notes redeemed; and 
 (2) the excess of: 

(i) the present value at such redemption date of (i) the redemption price of the Note at July 1, 2019 (such
redemption price being set forth in the table under clause (e) below) plus (ii) all required interest payments due on the Note through July 1, 2019 (excluding interest paid prior to the redemption date and accrued but unpaid interest
to the redemption date), computed using a discount rate equal to the Treasury Rate as of such redemption date plus 50 basis points; over 

(ii) the principal amount of the Note, 

(3) plus, in each case, any accrued and unpaid interest, if any, to, but not including, the date of redemption (subject to the right of
Holders on the relevant record date to receive interest due on the relevant interest payment date). 
 In the event of any redemption
pursuant to this clause (a), the Issuer shall calculate or cause the calculation of the redemption price, and the Trustee shall have no duty to calculate or verify the calculation thereof. 

(b) At any time prior to July 1, 2019, the Issuer may on one or more occasions redeem up to 35% of the aggregate principal amount of
Notes issued under the Indenture at a redemption price equal to 105.875% of the principal amount plus accrued and unpaid interest, if any, to, but not including, the date of redemption (subject to the right of Holders on the relevant record date to
receive interest due on the relevant interest payment date) in an amount of up to the amount of net cash proceeds received by or contributed to the Issuer from one or more Equity Offerings; provided that (1) at least 65% of the aggregate
principal amount of Notes originally issued under the Indenture (including Additional Notes but excluding Notes held by the Issuer and its Subsidiaries) remains outstanding immediately after the occurrence of such redemption, and (2) notice of
such redemption is given within 90 days of the date of the closing of such Equity Offering. The Trustee shall select the Notes to be redeemed in the manner described under Sections 5.1 through 5.6 of the Indenture. 

(c) Except pursuant to clauses (a) and (b) of this paragraph 6, the Notes will not be redeemable at the Issuer’s option prior
to July 1, 2019. 

  
 A-4 

 (d) On or after July 1, 2019, the Issuer may redeem all or a part of the Notes at the
redemption prices (expressed as percentages of principal amount) set forth below plus accrued and unpaid interest, if any, on the Notes redeemed, to, but not including, the applicable date of redemption, if redeemed during the twelve-month period
beginning on July 1 of the years indicated below, subject to the rights of Holders on the relevant record date to receive interest on the relevant interest payment date: 
  

					
	Year	  	Percentage	 
	 2019
	  	 	102.938	% 
	 2020
	  	 	101.469	% 
	 2021 and thereafter
	  	 	100.000	% 

 (e) Unless the Issuer defaults in the payment of the redemption price, interest will cease to accrue on the
Notes or portions thereof called for redemption on the applicable Redemption Date. 
 (f) Any redemption pursuant to this paragraph 6 shall
be made pursuant to the provisions of Sections 5.1 through 5.6 of the Indenture. 
 The Issuer is not required to make
mandatory redemption or sinking fund payments with respect to the Notes. 
  

	7.	Repurchase Provisions 

 If a Change of Control occurs, except as provided in
Section 3.9(c) of the Indenture or unless the Issuer exercised its right to redeem all the outstanding Notes pursuant to Section 5.7 of the Indenture, the Issuer will be required to make an offer to each Holder to repurchase
all or any part (in minimum denominations of $2,000 and integral multiples of $1,000 principal amount in excess thereof) of such Holder’s Notes at a repurchase price in cash equal to 101% of the aggregate principal amount of Notes repurchased
plus accrued and unpaid interest, if any, on the Notes repurchased, to, but not including, the date of repurchase. Within 30 days following the date of any Change of Control, or, at the Issuer’s option, prior to any Change of Control but after
the public announcement of the Change of Control, the Issuer shall mail (or in the case of Holders of interests in Global Notes, transmit electronically in accordance with the applicable procedures of DTC) a notice to Holders of Notes (and shall
provide a copy of such notice to the Trustee) describing the transaction or transactions that constitute the Change of Control and offering to repurchase the Notes on the date specified in the notice (the “Change of Control Payment
Date”), which date shall be no earlier than 30 days and no later than 60 days from the date such notice is so mailed or transmitted, pursuant to the procedures required by this Indenture and described in such notice. The notice shall state,
if so mailed or transmitted prior to the date of consummation of the Change of Control, that the offer to repurchase the Notes is conditioned on the Change of Control occurring on or prior to the Change of Control Payment Date specified in the
notice. 
 Upon certain Asset Dispositions, the Issuer may be required to use the Excess Proceeds from such Asset Dispositions to offer to
purchase the maximum principal amount of Notes that may be purchased out of the Excess Proceeds, at an offer price in cash in an amount equal to 100% of the principal amount of the Notes (or, to the extent that such Excess Proceeds are from
Specified Sale/Leaseback Proceeds, 103% of the principal amount of the Notes), plus accrued and unpaid interest, if any, to, but not including, the date of purchase, in accordance with the procedures set forth in Sections 3.5(c) and
(d) of the Indenture and in minimum denominations of $2,000 and in integral multiples of $1,000 in excess thereof. The Issuer may, in its sole discretion, make an Asset Disposition Offer pursuant to Section 3.5 of the
Indenture prior to the time that the aggregate amount of Excess Proceeds exceeds $25.0 million. 
  

	8.	Denominations; Transfer; Exchange 

 The Notes shall be issuable only in fully registered
form in minimum denominations of principal amount of $2,000 and any integral multiple of $1,000 in excess thereof. A Holder may transfer or exchange Notes in accordance with the Indenture. The Registrar may require a Holder, among other things, to
furnish appropriate endorsements or transfer documents and to pay a sum sufficient to cover any tax and fees required by law or permitted by the Indenture. The Registrar need not register the transfer of or exchange of any Note (A) for a period
beginning (1)

  
 A-5 

 
fifteen (15) days before the mailing of a notice of an offer to repurchase or redeem Notes and ending at the close of business on the day of such mailing or (2) fifteen (15) days
before an Interest Payment Date and ending on such Interest Payment Date or (B) called for redemption, except the unredeemed portion of any Note being redeemed in part. 
  

	9.	Persons Deemed Owners 

 The registered Holder of this Note may be treated as the owner of
it for all purposes. 
  

	10.	Discharge and Defeasance 

 Subject to certain exceptions and conditions set forth in the
Indenture, the Issuer at any time may terminate its obligations under the Notes and the Indenture if the Issuer deposits with the Trustee money or U.S. Government Obligations for the payment of principal, premium, if any, and interest, if any, on
the Notes to redemption or maturity, as the case may be. 
  

	11.	Amendment, Supplement, Waiver 

 Subject to certain exceptions contained in the Indenture,
the Notes Documents may be amended, supplemented or otherwise modified with the consent of the Holders of a majority in aggregate principal amount of the Notes then outstanding and issued under the Indenture (including consents obtained in
connection with a purchase of, or tender offer or exchange offer for, such Notes) (in addition to any other consents required under the terms of the Intercreditor Agreements or the Collateral Documents from the parties thereto), and any Default or
Event of Default thereunder or compliance with any provision of any Notes Document may be waived with the consent of the Holders of a majority in aggregate principal amount of the Notes then outstanding (including consents obtained in connection
with a purchase of, or tender offer or exchange offer for, such Notes). Without the consent of any Holder (and, upon request from the Issuer, the Trustee shall request that the Collateral Agent enter into any such amendment, supplement or other
modification to the applicable Intercreditor Agreement or Collateral Documents), the Issuer and the Trustee (together with any other party whose consent is required pursuant to the Intercreditor Agreements or the Collateral Documents) may amend,
supplement or otherwise modify any Notes Document as provided in the Indenture. 
  

	12.	Defaults and Remedies 

 If an Event of Default (other than an Event of Default relating
to certain events of bankruptcy, insolvency or reorganization of the Issuer) occurs and is continuing, the Trustee by written notice to the Issuer or the Holders of at least 25% in principal amount of the outstanding Notes by written notice to the
Issuer and the Trustee, may declare the principal of, premium, if any, and accrued and unpaid interest, on all the Notes to be due and payable. Upon such a declaration, such principal, premium, if any, and accrued and unpaid interest, if any, will
be due and payable immediately. If an Event of Default relating to certain events of bankruptcy, insolvency or reorganization of the Issuer occurs and is continuing, the principal of, premium, if any, and accrued and unpaid interest, if any, on all
the Notes will become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holders. Under certain circumstances, the Holders of a majority in principal amount of the outstanding Notes may waive or
rescind any such acceleration with respect to the Notes and its consequences. 
  

	13.	Trustee Dealings with the Issuer 

 Subject to certain limitations set forth in the
Indenture, the Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the JCP Parties or any respective Affiliate of the JCP Parties with the same rights it would have if it were not
Trustee. Any Paying Agent, Registrar or Custodian may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 of the Indenture. 

  
 A-6 

	14.	No Recourse Against Others 

 No director, officer, manager, employee, incorporator or
direct or indirect partner, member or stockholder, past, present or future, of the Issuer, any Guarantor or any successor entity of any of them, as such, will have any liability for any of the obligations of the Issuer or any Guarantor under the
Notes or the Indenture or any other Notes Document or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting a note waives and releases all such liability. The waiver and release may not
be effective to waive liabilities under the federal securities laws. 
  

	15.	Authentication 

 This Note shall not be valid until an authorized signatory of the
Trustee (or an authenticating agent acting on its behalf) manually signs the certificate of authentication on the other side of this Note. 
  

	16.	Abbreviations 

 Customary abbreviations may be used in the name of a Holder or an
assignee, such as TEN COM (= tenants in common), TEN ENT (= tenants by the entirety), JT TEN (= joint tenants with rights of survivorship and not as tenants in common), CUST (= custodian) and U/G/M/A (= Uniform Gift to
Minors Act). 
  

	17.	CUSIP and ISIN Numbers 

 The Issuer has caused CUSIP and ISIN numbers, if applicable, to
be printed on the Notes and has directed the Trustee to use CUSIP and ISIN numbers, if applicable, in notices of redemption or other notices as a convenience to Holders. No representation is made as to the accuracy of such numbers either as printed
on the Notes or as contained in any notice of redemption or other notices and reliance may be placed only on the other identification numbers placed thereon. 
  

	18.	Governing Law 

 This Note shall be governed by, and construed in accordance with, the
laws of the State of New York. 
 The Issuer will furnish to any Holder upon written request and without charge to the Holder a copy of the
Indenture. Requests may be made to: 
 J. C. Penney Corporation, Inc. 

6501 Legacy Drive 
 Plano, Texas
75024 
 Attention: Treasurer 

Facsimile No.: (972) 431-2044 

Email: mporter@jcp.com 

Attention: Michael Porter 
  

	19.	Security 

 This Note will be secured by the Collateral on the terms and subject to the
conditions set forth in the Indenture, the Collateral Documents and the Intercreditor Agreements. 

  
 A-7 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 

I or we assign and transfer this Note to: 
  

 
 (Print or type assignee’s name,
address and zip code) 
  
  

(Insert assignee’s social security or tax I.D. No.) 

and irrevocably appoint                      agent
to transfer this Note on the books of the Issuer. The agent may substitute another to act for him. 
  

							
	Date:	 		 	Your Signature:	 	  

			
		
	Signature Guarantee:	  	  

	(Signature must be guaranteed)

  
  

Sign exactly as your name appears on the other side of this Note. 

The signature(s) should be guaranteed by an eligible guarantor institution (banks, stockbrokers, savings and loan associations and credit unions with
membership in an approved signature guarantee medallion program), pursuant to Exchange Act Rule 17Ad-15. 
 The
undersigned hereby certifies that it  ̈ is /  ̈ is not an Affiliate of an Issuer and that, to its knowledge, the proposed transferee  ̈ is /  ̈ is not an Affiliate of an Issuer. 
 In
connection with any transfer or exchange of any of the Notes evidenced by this certificate occurring prior to the date that is one year after the later of the date of original issuance of such Notes and the last date, if any, on which such Notes
were owned by an Issuer or any Affiliate of an Issuer, the undersigned confirms that such Notes are being: 
 CHECK ONE BOX BELOW: 

 

	 	(1)         ̈    	acquired for the undersigned’s own account, without transfer; or 

  

	 	(2)         ̈    	transferred to the Issuer; or 

  

	 	(3)         ̈    	transferred pursuant to and in compliance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”); or 

 

	 	(4)         ̈    	transferred pursuant to an effective registration statement under the Securities Act; or 

  

	 	 (5)         ̈	    transferred pursuant to and in compliance with Regulation S under the Securities Act; or 

  

	 	 (6)         ̈	    transferred pursuant to another available exemption from the registration requirements of the Securities Act. 

Unless one of the boxes is checked, the Trustee will refuse to register any of the Notes evidenced by this certificate in the name of any person other than
the registered Holder thereof; provided, however, that if box (5) or (6) is checked, the Issuer may require, prior to registering any such transfer of the Notes, in their sole discretion, such legal opinions, certifications
and other information as the Issuer may reasonably request to confirm that such transfer is being made pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act, such as the exemption
provided by Rule 144 under such Act. 

  
 A-8 

							
		 		  	  
	  	
		 		  	Signature	  	
				
	Signature Guarantee:	 		  		  	
				
	  
	 		  	  
	  	
	(Signature must be guaranteed)	 		  	Signature	  	

 The signature(s) should be guaranteed by an eligible guarantor institution (banks, stockbrokers, savings and loan associations
and credit unions with membership in an approved signature guarantee medallion program), pursuant to Exchange Act Rule 17Ad-15. 

TO BE COMPLETED BY PURCHASER IF BOX 
 (1) OR (3) ABOVE
IS CHECKED. 
 The undersigned represents and warrants that it is purchasing this Note for its own account or an account with respect to
which it exercises sole investment discretion and that it and any such account is a “qualified institutional buyer” within the meaning of Rule 144A under the Securities Act and is aware that the sale to it is being made in reliance on
Rule 144A and acknowledges that it has received such information regarding the Issuer as the undersigned has requested pursuant to Rule 144A or has determined not to request such information and that it is aware that the transferor is
relying upon the undersigned’s foregoing representations in order to claim the exemption from registration provided by Rule 144A. 
  

	
	  

	Dated:

  
 A-9 

 [TO BE ATTACHED TO GLOBAL NOTES] 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTES 

The following increases or decreases in this Global Note have been made: 

 

									
	 Date of

Exchange
	  	Amount of decrease
in Principal
Amount of this
Global Note	  	Amount of increase
in Principal
Amount of this
Global Note	  	Principal Amount
of this Global Note
following such
decrease or increase	  	Signature of
authorized
signatory of
Trustee or Notes
Custodian
		  		  		  		  	

  
 A-10 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you elect to have this Note purchased by the Issuer pursuant to Section 3.5 or 3.9 of the Indenture, check either box: 

Section 3.5   ̈        Section 
3.9   ̈ 
 If you want to elect to have only part of this Note purchased by the
Issuer pursuant to Section 3.5 or 3.9 of the Indenture, state the amount in principal amount (must be in denominations of $2,000 or an integral multiple of $1,000 in excess thereof): $         and
specify the denomination or denominations (which shall not be less than the minimum authorized denomination) of the Notes to be issued to the Holder for the portion of the within Note not being repurchased (in the absence of any such specification,
one such Note will be issued for the portion not being repurchased):                     . 

 

					
	Date:                      Your Signature	 	  

		 	(Sign exactly as your name appears on the other side of the Note)

			
		
	 Signature Guarantee:
	  	  

		  	(Signature must be guaranteed)

 The signature(s) should be guaranteed by an eligible guarantor institution (banks, stockbrokers, savings and loan associations
and credit unions with membership in an approved signature guarantee medallion program), pursuant to Exchange Act Rule 17Ad-15. 

  
 A-11 

 EXHIBIT B 

Form of Supplemental Indenture 

[                    ] SUPPLEMENTAL
INDENTURE, (this “Supplemental Indenture”) dated as of [            ], 20[    ], by and among J. C. Penney Corporation, Inc., a Delaware corporation
(the “Issuer”), the parties that are signatories hereto as Guarantors (each a “Guaranteeing Subsidiary”) and Wilmington Trust, National Association, as Trustee under the Indenture referred to below. 

W I T N E S S E T H: 

WHEREAS, the Issuer, the Guarantors party thereto, and the Trustee have heretofore executed and delivered an indenture, dated as of
June 23, 2016 (as amended, supplemented, waived or otherwise modified, the “Indenture”), providing for the issuance of an aggregate principal amount of $500,000,000 of 5.875% Senior Secured Notes due 2023 (the
“Notes”) of the Issuer; 
 WHEREAS, the Indenture provides that each Guaranteeing Subsidiary shall execute and deliver to
the Trustee a supplemental indenture pursuant to which each Guaranteeing Subsidiary shall unconditionally guarantee, on a joint and several basis, all of the Issuer’s Obligations under the Notes and the Indenture on the terms and conditions set
forth herein and under the Indenture (the “Note Guarantee”); and 
 WHEREAS, pursuant to Section 9.1 of the
Indenture, the Issuer, any Guaranteeing Subsidiary and the Trustee are authorized to execute and deliver this Supplemental Indenture to amend or supplement the Indenture, without the consent of any Holder. 

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged,
the Issuer, the Guaranteeing Subsidiar[y/ies] and the Trustee mutually covenant and agree for the benefit of the Trustee and the Holders of the Notes as follows: 

ARTICLE I 
 DEFINITIONS 

SECTION 1.1. Defined Terms. As used in this Supplemental Indenture, terms defined in the Indenture or in the preamble or recitals
hereto are used herein as therein defined. The words “herein,” “hereof” and “hereby” and other words of similar import used in this Supplemental Indenture refer to this Supplemental Indenture as a whole and not to any
particular section hereof. 
 ARTICLE II 

AGREEMENT TO BE BOUND; GUARANTEE 

SECTION 2.1. Agreement to be Bound. Each of the Guaranteeing Subsidiaries hereby agrees to become a party to the Indenture as a
Guarantor and as such will have all of the rights and be subject to all of the obligations and agreements of a Guarantor under the Indenture. 

SECTION 2.2. Guarantee. Each of the Guaranteeing Subsidiaries agrees, on a joint and several basis, to fully, unconditionally and
irrevocably Guarantee to each Holder of the Notes and the Trustee the Guaranteed Obligations pursuant to Article X of the Indenture. 

  
 B-1 

 ARTICLE III 

MISCELLANEOUS 
 SECTION 3.1.
Notices. All notices and other communications to each Guaranteeing Subsidiary shall be given as provided in the Indenture, at the address for the Guarantors set forth in the Indenture. 

SECTION 3.2. Merger, Amalgamation and Consolidation. Each Guaranteeing Subsidiary shall not sell or otherwise dispose of all or
substantially all of its assets to, or consolidate with or merge or amalgamate with or into, another Person (other than the Issuer or any Restricted Subsidiary that is a Guarantor or becomes a Guarantor concurrently with the transaction) except in
accordance with Section 4.1(b) of the Indenture. 
 SECTION 3.3. Release of Guarantee. The Note Guarantees hereunder may
be released in accordance with Section 10.2 of the Indenture. 
 SECTION 3.4. Parties. Nothing expressed or mentioned
herein is intended or shall be construed to give any Person, firm or corporation, other than the Holders and the Trustee, any legal or equitable right, remedy or claim under or in respect of this Supplemental Indenture or the Indenture or any
provision herein or therein contained. 
 SECTION 3.5. Governing Law. This Supplemental Indenture shall be governed by, and construed
in accordance with, the laws of the State of New York. 
 SECTION 3.6. Severability. In case any provision in this Supplemental
Indenture shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby and such provision shall be ineffective only to the extent of such
invalidity, illegality or unenforceability. 
 SECTION 3.7. Benefits Acknowledged. Each Guaranteeing Subsidiary’s Note Guarantee
is subject to the terms and conditions set forth in the Indenture. Each Guaranteeing Subsidiary acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by the Indenture and this Supplemental
Indenture and that the guarantee and waivers made by it pursuant to its Note Guarantee are knowingly made in contemplation of such benefits. 

SECTION 3.8. Ratification of Indenture; Supplemental Indentures Part of Indenture. Except as expressly amended hereby, the Indenture is
in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of Notes heretofore
or hereafter authenticated and delivered shall be bound hereby. 
 SECTION 3.9. The Trustee. The Trustee does not make any
representation or warranty as to the validity or sufficiency of this Supplemental Indenture or with respect to the recitals contained herein, all of which recitals are made solely by the other parties hereto. 

SECTION 3.10. Counterparts. The parties hereto may sign any number of copies of this Supplemental Indenture. Each signed copy shall be
an original, but all of them together represent the same agreement. The exchange of copies of this Supplemental Indenture and of signature pages by facsimile, pdf or other electronic transmission shall constitute effective execution and
delivery of this Supplemental Indenture as to the parties hereto and may be used in lieu of the original Supplemental Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile, pdf or other electronic means shall be
deemed to be their original signatures for all purposes. 
 SECTION 3.11. Execution and Delivery. Each Guaranteeing Subsidiary agrees
that its Note Guarantee shall remain in full force and effect notwithstanding any failure to endorse on each Note a notation of any such Note Guarantee. 

  
 B-2 

 SECTION 3.12. Headings. The headings of the Articles and the Sections in this Supplemental
Indenture are for convenience of reference only and shall not be deemed to alter or affect the meaning or interpretation of any provisions hereof. 

[signature pages follow] 

  
 B-3 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed as of the date first above written. 
  

			
	[GUARANTEEING SUBSIDIARIES],
	as a Guarantor
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	Acknowledged by:
	
	J. C. PENNEY CORPORATION, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 B-4 

 
			
	WILMINGTON TRUST, NATIONAL ASSOCIATION,
	as Trustee
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 B-5 

 EXHIBIT C 

Form of Certificate to be Delivered in Connection with Transfers Pursuant to Regulation S 

[Date]                      

J. C. Penney Corporation, Inc. 
 6501 Legacy Drive 

Plano, Texas 75024 
 Attention: Treasurer 

Facsimile No.: (972) 431-2044 
 Email: mporter@jcp.com 

Wilmington Trust, National Association, 
 as Trustee and
Registrar 
 50 South Sixth Street 
 Suite 1290 

Minneapolis, Minnesota 55402 
 Attention: J. C. Penney Notes
Administrator 
 Facsimile No.: (612) 217-5651 
 Email:
hfield@wilmingtontrust.com 
 Attention: J. C. Penney Corporation, Inc. Secured Notes Administrator 

 

	Re:	J. C. Penney Corporation, Inc. (the “Issuer”) 

 5.875% Senior Secured Notes
due 2023 (the “Notes”) 
 Ladies and Gentlemen: 

In connection with our proposed sale of $[        ] aggregate principal amount of the Notes, we
confirm that such sale has been effected pursuant to and in accordance with Regulation S under the United States Securities Act of 1933, as amended (the “Securities Act”), and, accordingly, we represent that: 

(a) the offer of the Notes was not made to a person in the United States; 

(b) either (i) at the time the buy order was originated, the transferee was outside the United States or we and any person
acting on our behalf reasonably believed that the transferee was outside the United States or (ii) the transaction was executed in, on or through the facilities of a designated off-shore securities market
and neither we nor any person acting on our behalf knows that the transaction has been pre-arranged with a buyer in the United States; 

(c) no directed selling efforts have been made in the United States in contravention of the requirements of Rule 903(a)(2)
or Rule 904(a)(2) of Regulation S, as applicable; and 
 (d) the transaction is not part of a plan or scheme to
evade the registration requirements of the Securities Act. 
 In addition, if the sale is made during a restricted period and the provisions
of Rule 903(b)(2), Rule 903(b)(3) or Rule 904(b)(1) of Regulation S are applicable thereto, we confirm that such sale has been made in accordance with the applicable provisions of Rule 903(b)(2), Rule 903(b)(3) or
Rule 904(b)(1), as the case may be. 

  
 C-1 

 We also hereby certify that we [are][are not] an Affiliate of an Issuer and, to our knowledge,
the transferee of the Notes [is][is not] an Affiliate of an Issuer. 
 The Trustee and the Issuer are entitled to conclusively rely upon
this letter and are irrevocably authorized to produce this letter or a copy hereof to any interested party in any administrative or legal proceedings or official inquiry with respect to the matters covered hereby. Terms used in this certificate have
the meanings set forth in Regulation S. 
  

			
	Very truly yours,
	
	[Name of Transferor]
		
	By:	 	  

		 	Authorized Signature

  
 C-2EX-10.1

 EXHIBIT 10.1 

Execution Version 
 This
RESTATEMENT AGREEMENT, dated as of June 23, 2016 (this “Restatement Agreement”), by and among J. C. PENNEY CORPORATION, INC., a Delaware corporation (the “Borrower”), J. C. PENNEY COMPANY, INC., J. C. PENNEY
PURCHASING CORPORATION, JCP REAL ESTATE HOLDINGS, INC. and J. C. PENNEY PROPERTIES, INC., as guarantors (collectively, the “Guarantors”), JPMorgan Chase Bank, N.A., as administrative agent (the “New Administrative
Agent”), and the lenders under the Original Credit Agreement (as defined below) signatory hereto (collectively, the “Lenders”), is made in reference to the Credit and Guaranty Agreement, dated as of May 22, 2013 (as amended
or supplemented prior to the date hereof, the “Original Credit Agreement”) by and among the Borrower, the Guarantors, the lenders party thereto, GOLDMAN SACHS BANK USA, as administrative agent (the “Former Administrative
Agent”) and collateral agent (the “Former Collateral Agent”), and the other parties thereto. 
 WHEREAS, the
Borrower has requested, and the Lenders have agreed, upon the terms and subject to the conditions set forth herein, that the Original Credit Agreement be amended and restated as provided herein; 

WHEREAS, the Former Administrative Agent, the Former Collateral Agent, the New Administrative Agent, Wilmington Trust, National Association,
as collateral agent (the “New Collateral Agent”) under the Pari Passu Intercreditor Agreement (as referred to below), the Borrower and the Guarantors have entered into the Agency Transfer Agreement (as defined in the Restated Credit
Agreement), which shall become effective concurrently with the effectiveness of this Restatement Agreement; 
 WHEREAS, the New
Administrative Agent, the New Collateral Agent and the other parties thereto have entered into the Pari Passu Intercreditor Agreement (as defined in the Restated Credit Agreement), which shall become effective concurrently with the effectiveness of
this Restatement Agreement; and 
 WHEREAS, to the extent set forth on such Lender’s counterpart to this Restatement Agreement, each
Lender party hereto that holds an Original Loan (as defined in the Restated Credit Agreement) has agreed to convert 100% (or such lesser amount as may be notified by the New Administrative Agent to such Lender prior to the Restatement Effective Date
(as defined below) of such Lender’s Original Loan into a like principal amount of Initial Loans under the Restated Credit Agreement; 

NOW, THEREFORE, in consideration of the promises and mutual agreements herein contained, the Borrower, the Lenders party hereto and the New
Administrative Agent hereby agree as follows: 
 SECTION 1. Defined Terms. Capitalized terms used but not defined herein shall have
the meanings assigned to such terms in the Restated Credit Agreement (as defined below), except that the defined terms “Lender” and “Requisite Lenders” shall have the meaning given such terms by the Original Credit Agreement.

 SECTION 2. Amendment and Restatement of the Original Credit
Agreement. Effective as of the Restatement Effective Date (as defined below), the Original Credit Agreement is hereby amended and restated to read in its entirety as set forth in Exhibit A hereto (the “Restated Credit
Agreement”) and the Requisite Lenders hereby consent to the Agency Transfer Agreement and the Transactions. Each of the Lenders signatory hereto and the Borrower consent to the amendment of the Original Credit Agreement pursuant to this
Restatement Agreement, the terms of the Restated Credit Agreement and the Transactions (as defined in the Restated Credit Agreement). 

SECTION 3. Effectiveness. This Restatement Agreement shall become effective on the date (the “Restatement Effective
Date”) when (x) counterparts hereof which, when taken together, bear the signatures of each of the Credit Parties, the New Administrative Agent, each Lender with a Commitment under the Restated Credit Agreement and the Requisite Lenders
shall have been received by the New Administrative Agent and the New Collateral Agent, (y) all conditions to the Restatement Effective Date set forth in Section 3.1 of the Restated Credit Agreement shall have been satisfied and (z) the New
Administrative Agent shall have received from the Borrower a non-refundable fee, for the account of (i) each Converting Lender equal to 0.50% of the principal amount of Converting Loans held by such consenting Lender on the Restatement Effective
Date and (ii) each Lender with a Commitment under the Restated Credit Agreement equal to 0.50% of the principal amount of the Commitment of such Lender under the Restated Credit Agreement on the Restatement Effective Date. 

SECTION 4. Counterparts; Amendments. This Restatement Agreement may neither be amended nor may any provision hereof be waived except
pursuant to a writing signed by each of the Credit Parties, the New Administrative Agent and Lenders constituting the Requisite Lenders. This Restatement Agreement may be executed in two or more counterparts, each of which shall constitute an
original but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Restatement Agreement by facsimile or other electronic transmission shall be effective as delivery
of a manually executed counterpart of this Restatement Agreement. 
 SECTION 5. No Novation. The execution and delivery of this
Restatement Agreement and the effectiveness hereof shall not act as a novation of the Original Credit Agreement and, except as specifically contemplated by this Restatement Agreement, shall not serve to discharge or release any Obligation or Lien
under the Credit Documents. This Restatement Agreement shall be a Credit Document for all purposes of the Restated Credit Agreement. 

SECTION 6. Applicable Law; Waiver of Jury Trial. 

THIS RESTATEMENT AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO
CONFLICTS OF LAW PRINCIPLES THAT WOULD REQUIRE THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION. 

  
 -2- 

 EACH PARTY HERETO HEREBY AGREES TO THE TERMS SET FORTH IN SECTIONS 10.15 AND 10.16 OF THE
RESTATED CREDIT AGREEMENT AS IF SUCH SECTIONS WERE SET FORTH IN FULL HEREIN. 
 SECTION 7. Headings. The Section headings
used herein are for convenience of reference only, are not part of this Restatement Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Restatement Agreement. 

  
 -3- 

 IN WITNESS WHEREOF, the parties hereto have caused this Restatement Agreement to be duly executed
by their respective authorized officers as of the day and year first written above. 
  

					
	J. C. PENNEY CORPORATION, INC., as Borrower
		
	By:	 	 /s/ Michael Porter

		 	Name:	 	Michael Porter
		 	Title:	 	Vice President, Treasurer
	
	J. C. PENNEY COMPANY, INC., as Guarantor
		
	By:	 	 /s/ Edward Record

		 	Name:	 	Edward Record
		 	Title:	 	 Executive Vice President and
 Chief Financial
Officer

	
	J. C. PENNEY PURCHASING CORPORATION, as Guarantor
		
	By:	 	 /s/ Gary Piper

		 	Name:	 	Gary Piper
		 	Title:	 	Treasurer
	
	JCP REAL ESTATE HOLDINGS, INC., as Guarantor
		
	By:	 	 /s/ Gary Piper

		 	Name:	 	Gary Piper
		 	Title:	 	Treasurer
	
	J. C. PENNEY PROPERTIES, INC., as Guarantor
		
	By:	 	 /s/ Gary Piper

		 	Name:	 	Gary Piper
		 	Title:	 	Treasurer

 
					
	JPMORGAN CHASE BANK, N.A., as Administrative Agent and as a Lender under the Restated Credit Agreement
		
	By:	 	 /s/ Lauren M. Baker

		 	Name:	 	Lauren M. Baker
		 	Title:	 	Vice President

 Signature Page to Restatement Agreement 

The undersigned Lender under the Original Credit Agreement hereby consents to the Restatement Agreement and, to the extent set forth below, to its Original
Loans being converted to Initial Loans pursuant to the Restated Credit Agreement: 
  

					
	  
	 	,
	(Name of Institution)	 	
			
	By:	 	  
	 	
		 	Name:	 	
		 	Title:	 	
		
	[If a second signature is necessary:	 	
			
	By:	 	  
	 	
		 	Name:	 	
		 	Title:]	 	

  

			
	Check the box to the right to request that your Original Loans be converted to Initial Loans:	  	                 ̈

 Exhibit A 

Amended and Restated Credit and Guaranty Agreement 

[attached] 

 EXECUTION VERSION 

AMENDED AND RESTATED 

CREDIT AND GUARANTY AGREEMENT 

dated as of June 23, 2016 

among 
 J. C. PENNEY
CORPORATION, INC., 
 as Borrower, 

J. C. PENNEY COMPANY, INC., and 

CERTAIN SUBSIDIARIES OF J. C. PENNEY CORPORATION, INC., 

as Guarantors, 
 VARIOUS
LENDERS, 
 and 

JPMORGAN CHASE BANK, N.A., 

as Administrative Agent 
  

 
 JPMORGAN
CHASE BANK, N.A., 
 BARCLAYS BANK PLC, 

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, 

WELLS FARGO SECURITIES, LLC, and 

GOLDMAN SACHS LENDING PARTNERS LLC, 

as Joint Lead Arrangers and Joint Bookrunners 

CITIZENS BANK, NATIONAL ASSOCIATION, 

REGIONS BANK, and 
 HSBC
BANK USA, N.A., 
 as Senior Managing Agents 
  

 

$1,688,125,000 Term Loan 
  

 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
		
	 SECTION 1. DEFINITIONS AND INTERPRETATION
	  	 	1	  
	     1.1.
	  	 Definitions
	  	 	1	  
	     1.2.
	  	 Accounting Terms
	  	 	37	  
	     1.3.
	  	 Interpretation, Etc.
	  	 	38	  
	     1.4.
	  	 Effect of this Agreement on the Original Credit Agreement and the Other Existing Credit
Documents
	  	 	38	  
		
	 SECTION 2. LOANS
	  	 	38	  
	     2.1.
	  	 Loans
	  	 	38	  
	     2.2.
	  	 [Reserved]
	  	 	39	  
	     2.3.
	  	 [Reserved]
	  	 	39	  
	     2.4.
	  	 [Reserved]
	  	 	39	  
	     2.5.
	  	 Pro Rata Shares; Availability of Funds
	  	 	39	  
	     2.6.
	  	 Use of Proceeds
	  	 	40	  
	     2.7.
	  	 Evidence of Debt; Register; Lenders’ Books and Records; Notes
	  	 	40	  
	     2.8.
	  	 Interest on Loans
	  	 	41	  
	     2.9.
	  	 Conversion/Continuation
	  	 	42	  
	     2.10.
	  	 Default Interest
	  	 	43	  
	     2.11.
	  	 Fees
	  	 	43	  
	     2.12.
	  	 Scheduled Payments/Commitment Reductions
	  	 	43	  
	     2.13.
	  	 Voluntary Prepayments
	  	 	44	  
	     2.14.
	  	 Mandatory Prepayments
	  	 	45	  
	     2.15.
	  	 Application of Prepayments
	  	 	47	  
	     2.16.
	  	 General Provisions Regarding Payments
	  	 	48	  
	     2.17.
	  	 Ratable Sharing
	  	 	49	  
	     2.18.
	  	 Making or Maintaining Eurodollar Rate Loans
	  	 	49	  
	     2.19.
	  	 Increased Costs; Capital Adequacy
	  	 	51	  
	     2.20.
	  	 Taxes; Withholding, Etc.
	  	 	52	  
	     2.21.
	  	 Obligation to Mitigate
	  	 	54	  
	     2.22.
	  	 Defaulting Lenders
	  	 	55	  
	     2.23.
	  	 Removal or Replacement of a Lender
	  	 	56	  
	     2.24.
	  	 Refinancing Amendments
	  	 	56	  
	     2.25.
	  	 Extensions of Loans
	  	 	57	  
		
	 SECTION 3. CONDITIONS PRECEDENT
	  	 	60	  
	     3.1.
	  	 Restatement Effective Date
	  	 	60	  
	     3.2.
	  	 Conditions to Each Credit Extension
	  	 	62	  
		
	 SECTION 4. REPRESENTATIONS AND WARRANTIES
	  	 	63	  
	     4.1.
	  	 Organization; Requisite Power and Authority; Qualification
	  	 	63	  
	     4.2.
	  	 Equity Interests and Ownership
	  	 	63	  
	     4.3.
	  	 [Reserved]
	  	 	63	  
	     4.4.
	  	 Governmental Consents; No Conflict
	  	 	63	  
	     4.5.
	  	 [Reserved]
	  	 	64	  
	     4.6.
	  	 Binding Obligation
	  	 	64	  
	     4.7.
	  	 Historical Financial Statements
	  	 	64	  
	     4.8.
	  	 [Reserved]
	  	 	64	  
	     4.9.
	  	 No Material Adverse Change
	  	 	64	  

  
 -i- 

							
	 	  	 	  	Page	 
			
	     4.10.
	  	 [Reserved]
	  	 	64	  
	     4.11.
	  	 Litigation
	  	 	64	  
	     4.12.
	  	 Payment of Taxes
	  	 	64	  
	     4.13.
	  	 Properties
	  	 	64	  
	     4.14.
	  	 Environmental Matters
	  	 	65	  
	     4.15.
	  	 Compliance with Laws and Agreements; No Defaults
	  	 	65	  
	     4.16.
	  	 [Reserved]
	  	 	65	  
	     4.17.
	  	 Governmental Regulation
	  	 	66	  
	     4.18.
	  	 Federal Reserve Regulations; Exchange Act
	  	 	66	  
	     4.19.
	  	 Employee Matters
	  	 	66	  
	     4.20.
	  	 Employee Benefit Plans
	  	 	66	  
	     4.21.
	  	 [Reserved]
	  	 	66	  
	     4.22.
	  	 Solvency
	  	 	66	  
	     4.23.
	  	 [Reserved]
	  	 	66	  
	     4.24.
	  	 [Reserved]
	  	 	66	  
	     4.25.
	  	 Disclosure
	  	 	66	  
	     4.26.
	  	 EEA Financial Institutions
	  	 	67	  
	     4.27.
	  	 PATRIOT Act
	  	 	67	  
		
	 SECTION 5. AFFIRMATIVE COVENANTS
	  	 	67	  
	     5.1.
	  	 Financial Statements and Other Reports
	  	 	67	  
	     5.2.
	  	 Existence
	  	 	70	  
	     5.3.
	  	 Payment of Taxes
	  	 	70	  
	     5.4.
	  	 Maintenance of Properties
	  	 	70	  
	     5.5.
	  	 Insurance
	  	 	70	  
	     5.6.
	  	 Books and Records; Inspections
	  	 	71	  
	     5.7.
	  	 Lenders Meetings
	  	 	71	  
	     5.8.
	  	 Compliance with Laws
	  	 	71	  
	     5.9.
	  	 Environmental
	  	 	72	  
	     5.10.
	  	 Subsidiaries
	  	 	73	  
	     5.11.
	  	 Additional Material Real Estate Assets
	  	 	73	  
	     5.12.
	  	 [Reserved]
	  	 	74	  
	     5.13.
	  	 Further Assurances
	  	 	74	  
	     5.14.
	  	 Maintenance of Ratings
	  	 	74	  
	     5.15.
	  	 Post-Closing Matters
	  	 	74	  
	     5.16.
	  	 Post-Closing Real Estate Matters
	  	 	74	  
		
	 SECTION 6. NEGATIVE COVENANTS
	  	 	76	  
	     6.1.
	  	 Indebtedness
	  	 	76	  
	     6.2.
	  	 Liens
	  	 	80	  
	     6.3.
	  	 Restrictive Agreements
	  	 	82	  
	     6.4.
	  	 Restricted Payments
	  	 	83	  
	     6.5.
	  	 Restrictions on Non-Material Subsidiaries
	  	 	85	  
	     6.6.
	  	 Investments, Loans, Advances, Guarantees and Acquisitions
	  	 	85	  
	     6.7.
	  	 Asset Sales
	  	 	87	  
	     6.8.
	  	 Fundamental Changes
	  	 	90	  
	     6.9.
	  	 Disposal of Subsidiary Interests
	  	 	91	  
	     6.10.
	  	 Sales and Leaseback Transactions
	  	 	91	  
	     6.11.
	  	 Transactions with Affiliates
	  	 	91	  
	     6.12.
	  	 Conduct of Business
	  	 	92	  

  
 -ii- 

							
	 	  	 	  	Page	 
			
	     6.13.
	  	 Permitted Activities of Holdings
	  	 	92	  
	     6.14.
	  	 Certain Payments of Indebtedness
	  	 	92	  
	     6.15.
	  	 Amendments of Organizational Documents
	  	 	93	  
	     6.16.
	  	 Net Settlement of Convertible Indebtedness
	  	 	93	  
		
	 SECTION 7. GUARANTY
	  	 	93	  
	     7.1.
	  	 Guaranty of the Obligations
	  	 	93	  
	     7.2.
	  	 Contribution by Guarantors
	  	 	93	  
	     7.3.
	  	 Payment by Guarantors
	  	 	94	  
	     7.4.
	  	 Liability of Guarantors Absolute
	  	 	94	  
	     7.5.
	  	 Waivers by Guarantors
	  	 	96	  
	     7.6.
	  	 Guarantors’ Rights of Subrogation, Contribution, Etc.
	  	 	97	  
	     7.7.
	  	 Subordination of Other Obligations
	  	 	97	  
	     7.8.
	  	 Continuing Guaranty
	  	 	97	  
	     7.9.
	  	 Authority of Guarantors or Borrower
	  	 	98	  
	     7.10.
	  	 Financial Condition of Borrower
	  	 	98	  
	     7.11.
	  	 Bankruptcy, Etc.
	  	 	98	  
	     7.12.
	  	 Discharge of Guaranty Upon Sale of Guarantor
	  	 	99	  
		
	 SECTION 8. EVENTS OF DEFAULT
	  	 	99	  
	     8.1.
	  	 Events of Default
	  	 	99	  
		
	 SECTION 9. AGENTS
	  	 	101	  
	     9.1.
	  	 Appointment of Agents
	  	 	101	  
	     9.2.
	  	 Powers and Duties
	  	 	102	  
	     9.3.
	  	 General Immunity
	  	 	102	  
	     9.4.
	  	 Agents Entitled to Act as Lender
	  	 	103	  
	     9.5.
	  	 Lenders’ Representations, Warranties and Acknowledgment
	  	 	104	  
	     9.6.
	  	 Right to Indemnity
	  	 	104	  
	     9.7.
	  	 Successor Administrative Agent
	  	 	104	  
	     9.8.
	  	 Collateral Documents and Guaranty
	  	 	105	  
	     9.9.
	  	 Withholding Taxes
	  	 	108	  
	     9.10.
	  	 Administrative Agent May File Bankruptcy Disclosure and Proofs of Claim
	  	 	108	  
		
	 SECTION 10. MISCELLANEOUS
	  	 	109	  
	     10.1.
	  	 Notices
	  	 	109	  
	     10.2.
	  	 Expenses
	  	 	110	  
	     10.3.
	  	 Indemnity
	  	 	111	  
	     10.4.
	  	 Set-Off
	  	 	112	  
	     10.5.
	  	 Amendments and Waivers
	  	 	113	  
	     10.6.
	  	 Successors and Assigns; Participations
	  	 	115	  
	     10.7.
	  	 Independence of Covenants
	  	 	120	  
	     10.8.
	  	 Survival of Representations, Warranties and Agreements
	  	 	120	  
	     10.9.
	  	 No Waiver; Remedies Cumulative
	  	 	120	  
	     10.10.
	  	 Marshalling; Payments Set Aside
	  	 	120	  
	     10.11.
	  	 Severability
	  	 	120	  
	     10.12.
	  	 Obligations Several; Independent Nature of Lenders’ Rights
	  	 	120	  
	     10.13.
	  	 Headings
	  	 	120	  
	     10.14.
	  	 APPLICABLE LAW
	  	 	121	  
	     10.15.
	  	 CONSENT TO JURISDICTION
	  	 	121	  

  
 -iii- 

							
	 	  	 	  	Page	 
			
	     10.16.
	  	 WAIVER OF JURY TRIAL
	  	 	121	  
	     10.17.
	  	 Confidentiality
	  	 	122	  
	     10.18.
	  	 Usury Savings Clause
	  	 	122	  
	     10.19.
	  	 Effectiveness; Counterparts
	  	 	123	  
	     10.20.
	  	 PATRIOT Act
	  	 	123	  
	     10.21.
	  	 Electronic Execution of Assignments
	  	 	123	  
	     10.22.
	  	 No Fiduciary Duty
	  	 	123	  
	     10.23.
	  	 Acknowledgement and Consent to Bail-In of EEA Financial Institutions
	  	 	124	  

  
 -iv- 

					
	 APPENDICES:
	  	A                Commitments
		  	B                Notice Addresses
			
	 SCHEDULES:
	  	3.1(a)	  	Restatement Effective Date Credit Documents
		  	4.2	  	Equity Interests and Ownership
		  	4.13	  	Real Estate Assets
		  	4.14	  	Disclosed Matters
		  	5.15	  	Post-Closing Matters
		  	5.16(a)(i)	  	Restatement Effective Date Mortgaged Properties
		  	5.16(a)(iii)	  	Title Policy Properties
		  	5.16(a)(iv)	  	Initial Appraisal Properties
		  	6.1	  	Certain Indebtedness
		  	6.2	  	Certain Liens
		  	6.3	  	Certain Restrictive Agreements
		  	6.6	  	Certain Investments
			
	 EXHIBITS:
	  	A-1	  	Funding Notice
		  	A-2	  	Conversion/Continuation Notice
		  	B	  	Note
		  	C	  	Compliance Certificate
		  	D	  	Assignment Agreement
		  	E	  	Certificate re Non-Bank Status
		  	F	  	Restatement Effective Date Certificate
		  	G	  	Counterpart Agreement
		  	H	  	Pledge and Security Agreement
		  	I	  	Modified Dutch Auction Procedures
		  	J	  	Pari Passu Intercreditor Agreement
		  	K	  	Incumbency Certificate

  
 -v- 

 AMENDED AND RESTATED CREDIT AND GUARANTY AGREEMENT 

This AMENDED AND RESTATED CREDIT AND GUARANTY AGREEMENT, dated as of June 23, 2016, is entered into by and among J. C. PENNEY
CORPORATION, INC., a Delaware corporation (“Borrower”), J. C. PENNEY COMPANY, INC., a Delaware corporation (“Holdings”), CERTAIN SUBSIDIARIES OF BORROWER, as Guarantors, the Lenders party hereto
from time to time, and JPMORGAN CHASE BANK, N.A. (“JPMorgan”), as administrative agent (together with its permitted successors in such capacity, “Administrative Agent”). 

RECITALS: 

WHEREAS, capitalized terms used in these Recitals shall have the respective meanings set forth for such terms in Section 1.1
hereof; 
 WHEREAS, Holdings, Borrower, the Lenders, Goldman Sachs Bank USA, as administrative agent and collateral agent (the
“Former Agent”), and other parties are party to a credit agreement dated as of May 22, 2013 (as amended, restated, supplemented or otherwise modified prior to the date hereof, the “Original Credit Agreement”), and
the parties to the Restatement Agreement (as defined below) have agreed to amend and restate in its entirety the Original Credit Agreement and replace it in its entirety with this Agreement; 

WHEREAS, Lenders have agreed to extend Initial Loans (or convert Converting Loans) to Borrower, in an aggregate principal amount not to
exceed $1,688,125,000, the proceeds of which will be used, together with the proceeds of the 2016 Notes, to consummate the Restatement Effective Date Refinancing. 

WHEREAS, Former Agent, as administrative agent and collateral agent under the Original Credit Agreement, has assigned all of its rights
and obligations under the Original Credit Agreement to the Administrative Agent and all of its rights and obligations under the Collateral Documents to the Collateral Agent. 

NOW, THEREFORE, in consideration of the premises and the agreements, provisions and covenants herein contained, the parties hereto
agree as follows: 
  

	 	SECTION 1.	DEFINITIONS AND INTERPRETATION 

 1.1. Definitions. The following terms used
herein, including in the preamble, recitals, exhibits and schedules hereto, shall have the following meanings: 
 “1994
Indenture” means the Indenture, dated as of April 1, 1994, between Holdings and Bank of America National Trust and Savings Association, as amended by a first supplemental indenture, dated as of January 27, 2002 between Holdings and U.S.
Bank National Association, and a second supplemental indenture, dated as of July 26, 2002, by and among Holdings, Borrower and U.S. Bank National Association, as the same may be amended, restated, supplemented, replaced or otherwise modified
from time to time. 
 “2014 Indenture” means the Indenture, dated as of September 15, 2014 as supplemented by the
First Supplemental Indenture dated as of September 15, 2014, among Holdings, Borrower and Wilmington Trust, National Association, as Trustee. 

 “2016 Indenture” means the Indenture, dated as of June 23, 2016, among Holdings,
Borrower, the other guarantors party thereto and the 2016 Notes Trustee. 
 “2016 Notes” means $500,000,000 aggregate
principal amount of 5.875% senior secured notes due 2023 issued by Borrower pursuant to the 2016 Indenture on the Restatement Effective Date. 

“2016 Notes Trustee” means Wilmington Trust, National Association, as trustee under the 2016 Indenture, and its successors in
such capacity. 
 “2023 Indenture” means the Indenture, dated as of October 1, 1982 as supplemented by the First
Supplemental Indenture dated as of March 15, 1983, the Second Supplemental Indenture dated as of May 1, 1984, the Third Supplemental Indenture dated as of March 7, 1986, the Fourth Supplemental Indenture dated as of June 7, 1991, the Fifth
Supplemental Indenture dated as of January 27, 2002 and the Sixth Supplemental Indenture dated as of May 20, 2013 between the Borrower and U.S. Bank National Association (successor to Bank of America National Trust and Savings
Association), as Trustee. 
 “ABL Credit Agreement” means that certain Credit Agreement, dated as of June 20, 2014,
among Holdings, Borrower, Purchasing, the ABL Lenders, Wells Fargo Bank, National Association, as Administrative Agent and Co-Collateral Agent, and certain other Persons party thereto, as amended by that certain Amendment No. 1 to Credit Agreement,
dated as of December 10, 2015, among Holdings, Borrower, Purchasing, the ABL Lenders party thereto and Wells Fargo Bank, National Association, as Administrative Agent and Co-Collateral Agent, as the same may be further amended, restated,
supplemented, replaced or Refinanced. 
 “ABL Intercreditor Agreement” means the Intercreditor and Collateral Cooperation
Agreement, dated as of June 23, 2016, among the Credit Parties, the Collateral Agent, Wells Fargo Bank, National Association, as administrative agent under the ABL Credit Agreement, and the other parties thereto from time to time, as
supplemented and amended from time to time. 
 “ABL Lender” means the lenders from time to time party to the ABL Credit
Agreement. 
 “ABL Priority Collateral” means the “ABL Priority Collateral” as defined in the ABL Intercreditor
Agreement. 
 “Additional Lender” as defined in Section 2.24. 

“Adjusted Eurodollar Rate” means, for any Interest Rate Determination Date with respect to an Interest Period for a
Eurodollar Rate Loan, the rate per annum obtained by dividing (i) the London interbank offered rate as administered by ICE Benchmark Administration (or any other Person that takes over the administration of such rate) for Dollars for a period
equal in length to such Interest Period as displayed on pages LIBOR01 or LIBOR02 of the Reuters screen that displays such rate (or, in the event such rate does not appear on a Reuters page or screen, on any successor or substitute page on such
screen that displays such rate, or on the appropriate page of such other information service that publishes such rate from time to time as selected by Administrative Agent in its reasonable discretion; in each case the “LIBO Screen
Rate”) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period; provided, further, that if the LIBO Screen Rate shall not be available at such time for such Interest Period
(an “Impacted Interest Period”) then the Adjusted Eurodollar Rate shall be the Interpolated Rate comparable to such period as of approximately 11:00 a.m., London time, on such Interest Rate Determination Date, by (ii) an amount
equal to (a) one minus (b) the Applicable Reserve Requirement; provided, however, that notwithstanding the foregoing, the Adjusted Eurodollar Rate shall at no time be less than 1.00% per annum. 

  
 -2- 

 “Administrative Agent” as defined in the preamble hereto. 

“Affected Lender” as defined in Section 2.18(b). 

“Affected Loans” as defined in Section 2.18(b). 

“Affiliate” means, with respect to a specified Person, another Person that directly, or indirectly through one or more
intermediaries, Controls or is Controlled by or is under common Control with the Person specified. 
 “Agency Transfer
Agreement” means the Successor Agent Agreement, dated as of the Restatement Effective Date, by and among the Credit Parties, the Former Agent, the Administrative Agent and the Collateral Agent. 

“Agent” means each of (i) Administrative Agent, (ii) Collateral Agent, (iii) each Joint Lead Arranger, (iv) each Joint
Bookrunner, (v) each Senior Managing Agent and (vi) any other Person appointed under the Credit Documents to serve in an agent or similar capacity, including, without limitation, any Auction Manager. 

“Agent Affiliates” as defined in Section 10.1(b)(iii). 

“Aggregate Amounts Due” as defined in Section 2.17. 

“Aggregate Payments” as defined in Section 7.2. 

“Agreement” means this Amended and Restated Credit and Guaranty Agreement, dated as of the date hereof, as it may be amended,
restated, supplemented or otherwise modified from time to time. 
 “All-in Yield” means, as to any Indebtedness, the
effective interest rate with respect thereto as reasonably determined by Administrative Agent consistent with generally accepted financial practices, taking into account the interest rate, margin, original issue discount, upfront fees and
“eurodollar rate floors” or “base rate floors”; provided that (i) original issue discount and upfront fees shall be equated to interest rate assuming a four-year life to maturity of such Indebtedness and (ii) (A) customary
arrangement, structuring, underwriting, amendment, commitment or similar fees paid solely to the applicable arrangers or agents (or their respective affiliates) with respect to such Indebtedness, (B) fees that are not paid generally to the lenders
providing such Indebtedness, and (C) fluctuations in the Adjusted Eurodollar Rate shall be excluded. 
 “Applicable Margin”
means, (i) with respect to Eurodollar Rate Loans, 4.25% per annum, and (ii) with respect to Base Rate Loans, 3.25% per annum. 

“Applicable Reserve Requirement” means, at any time, for any Eurodollar Rate Loan, the maximum rate, expressed as a decimal,
at which reserves (including any basic marginal, special, supplemental, emergency or other reserves) are required to be maintained by member banks of the United States Federal Reserve System (or any successor thereto) with respect thereto against
“Eurocurrency liabilities” (as such term is defined in Regulation D) under regulations issued from time to time by the Board of Governors or other applicable banking regulator. Without limiting the effect of the foregoing, the Applicable
Reserve Requirement shall reflect any other reserves required to be maintained by such member banks with respect to (i) any category of liabilities which includes deposits by reference to which the applicable Adjusted Eurodollar Rate is to be
determined, or (ii) any category of extensions of credit or other assets which include Eurodollar Rate Loans. A Eurodollar Rate Loan shall be deemed to constitute 

  
 -3- 

 
Eurocurrency liabilities and as such shall be deemed subject to reserve requirements without benefits of credit for proration, exceptions or offsets that may be available from time to time to the
applicable Lender. The rate of interest on Eurodollar Rate Loans shall be adjusted automatically on and as of the effective date of any change in the Applicable Reserve Requirement. 

“Approved Electronic Communications” means any notice, demand, communication, information, document or other material that
any Credit Party provides to Administrative Agent pursuant to any Credit Document or the transactions contemplated therein which is distributed to Agents or Lenders by means of electronic communications pursuant to Section 10.1(b). 

“Asset Sale” means a sale, lease or sub-lease (as lessor or sublessor), sale and
leaseback, assignment, conveyance, exclusive license (as licensor or sublicensor), transfer or other disposition to, or any exchange of property with, any Person (including the voluntary termination of a lease or other contract for consideration),
in one transaction or a series of transactions, of all or any part of Holdings’ or any of its Subsidiaries’ businesses, assets or properties of any kind, whether real, personal, or mixed and whether tangible or intangible, whether now
owned or hereafter acquired, leased or licensed, including the Equity Interests of any of Holdings’ Subsidiaries, other than (i) inventory (or other assets) sold, leased or licensed out in the ordinary course of business (excluding any such
sales, leases or licenses out by operations or divisions discontinued or to be discontinued), (ii) any disposition (as defined in Section 6.7) permitted by Section 6.7 of or with respect to assets (A) not constituting Collateral and (B) not required
to become Collateral pursuant to Section 5.16, (iii) any disposition (as defined in Section 6.7) of Specified Assets prior to the date such assets are required to become Collateral pursuant to Section 5.16, (iv) any other disposition (as defined in
Section 6.7) permitted by Section 6.7 other than pursuant to clauses (m), (p), (s) or (u) (with respect to any termination of a ground lease constituting Collateral or required to become Collateral pursuant to Section 5.16) thereof, and
(v) sales, leases or licenses out of other assets for aggregate consideration of less than $5,000,000 in the aggregate during any Fiscal Year. 

“Assignment Agreement” means, as applicable, (a) an Assignment and Assumption Agreement substantially in the form of Exhibit
D, with such amendments or modifications as may be approved by Administrative Agent or (b) a Borrower Assignment Agreement. 

“Assignment Effective Date” as defined in Section 10.6(b). 

“Auction” as defined in Section 10.6(i)(i). 

“Auction Manager” means (a) Administrative Agent, any Joint Lead Arranger or any of their respective Affiliates, as
determined by the Borrower or (b) any other financial institution or advisor agreed by Borrower and Administrative Agent (whether or not an Affiliate of Administrative Agent) to act as an arranger in connection with any repurchases pursuant to
Section 10.6(i). 
 “Authorized Officer” means, as applied to any Person, any individual holding the position of chairman
of the board (if an officer), chief executive officer, president, vice president (or the equivalent thereof), chief financial officer or treasurer of such Person; provided that the secretary or assistant secretary of such Person shall have
delivered an incumbency certificate to Administrative Agent as to the authority of such Authorized Officer. 
 “Bail-In
Action” means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. 

“Bail-In Legislation” means, with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the
European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule. 

  
 -4- 

 “Bankruptcy Code” means Title 11 of the United States Code
entitled “Bankruptcy,” as now and hereafter in effect, or any successor statute. 
 “Base Rate” means, for any
day, a rate per annum equal to the greatest of (i) the Prime Rate in effect on such day, (ii) the NYFRB Rate in effect on such day plus  1⁄2 of
1% and (iii) the sum of (a) the Adjusted Eurodollar Rate (after giving effect to any Adjusted Eurodollar Rate “floor”) that would be payable on such day for a Eurodollar Rate Loan with a one-month interest period plus (b) 1.00%
per annum; provided, however, that notwithstanding the foregoing, the Base Rate shall at no time be less than 2.00% per annum. Any change in the Base Rate due to a change in the Prime Rate or the NYFRB Rate shall be
effective on the effective day of such change in the Prime Rate or the NYFRB Rate, respectively. 
 “Base Rate Loan” means
a Loan bearing interest at a rate determined by reference to the Base Rate. 
 “Beneficiary” means each Agent and each
Lender. 
 “Board of Governors” means the Board of Governors of the United States Federal Reserve System, or any successor
thereto. 
 “Borrower” as defined in the preamble hereto. 

“Borrower Assignment Agreement” means an Assignment and Assumption Agreement substantially in the form of Annex C to Exhibit
I, with such amendments or modifications as may be approved by Administrative Agent. 
 “Business Day” means (i) any day
excluding Saturday, Sunday and any day which is a legal holiday under the laws of the State of New York or is a day on which banking institutions located in such state are authorized or required by law or other governmental action to close and (ii)
with respect to all notices, determinations, fundings and payments in connection with the Adjusted Eurodollar Rate or any Eurodollar Rate Loans, the term “Business Day” means any day which is a Business Day described in clause (i)
and which is also a day for trading by and between banks in Dollar deposits in the London interbank market. 
 “Capital Lease
Obligations” of any Person means, subject to clause (i) of the proviso to the first sentence of Section 1.2(a), the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use)
real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP, and the amount of such obligations shall be the capitalized amount
thereof determined in accordance with GAAP. 
 “Certificate re Non-Bank
Status” means a certificate substantially in the form of Exhibit E. 
 “Change in Law” means the occurrence,
after the Restatement Effective Date, of any of the following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation
or application thereof by any Governmental Authority or (c) the making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that notwithstanding anything
herein to the contrary, (x) the Dodd-Frank Wall Street Reform and Consumer 

  
 -5- 

 
Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines or directives promulgated by the Bank for
International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a
“Change in Law”, regardless of the date enacted, adopted or issued. 
 “Change of Control” means, (a) the
acquisition of ownership, directly or indirectly, beneficially or of record, by any Person other than Holdings or a wholly owned Subsidiary of Holdings of any Equity Interest in Borrower; (b) the acquisition of ownership, directly or indirectly,
beneficially or of record, by any Person or group (within the meaning of the Securities Exchange Act of 1934 and the rules of the Securities and Exchange Commission thereunder as in effect on the Restatement Effective Date) other than any retirement
or savings plan for employees of Holdings and its Subsidiaries, of Equity Interests representing more than 42.5% of either the aggregate ordinary voting power or the aggregate equity value represented by the issued and outstanding Equity Interests
in Holdings; (c) occupation of a majority of the seats (other than vacant seats) on the board of directors of Holdings by Persons who were neither (i) nominated or approved by the board of directors of Holdings, or a committee thereof, nor (ii)
appointed by directors so nominated or approved; or (d) the occurrence of any “change of control” (or similar event, however denominated) under and as defined in any indenture or other agreement or instrument evidencing, governing the
rights of the holders of or otherwise relating to any Material Indebtedness. Notwithstanding the foregoing, the acquisition by a financial institution of Equity Interests in Holdings acquired by such financial institution pursuant to an underwriting
arrangement in the ordinary course of its business shall not constitute a “Change of Control”. 
 “Class”
(i) with respect to Lenders, refers to whether such Lenders hold a particular Class of Loans, and (ii) with respect to Loans, refers to whether such Loans are Initial Loans, Extended Loans of a given Extension Series or Refinancing Loans
of a given Refinancing Series. 
 “Collateral” means, collectively, all of the real, personal and mixed property (including
Equity Interests) in which Liens are purported to be granted pursuant to the Collateral Documents as security for the Obligations. 

“Collateral Agent” means Wilmington Trust, National Association, together with its permitted successors in such
capacity pursuant to the Pari Passu Intercreditor Agreement. 
 “Collateral Documents” means the Pledge and Security
Agreement, the Mortgages, the Intellectual Property Security Agreements, the Intercreditor Agreements, and all other instruments, documents and agreements delivered by or on behalf of any Credit Party pursuant to this Agreement or any of the other
Credit Documents in order to grant to Collateral Agent, for the benefit of Term Loan/Notes Secured Parties, a Lien on any real, personal or mixed property of that Credit Party as security for the Obligations. 

“Collateral Questionnaire” means a certificate in form reasonably satisfactory to Administrative Agent that provides
information with respect to the personal or mixed property of each Credit Party. 
 “Commitment” means the commitment of a
Lender to make or otherwise fund an Initial Loan and “Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Commitment, if any, is set forth on Appendix A or in the applicable
Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Commitments as of the Restatement Effective Date is $1,688,125,000 minus the aggregate principal amount of
Converting Loans. 

  
 -6- 

 “Compliance Certificate” means a Compliance Certificate substantially in the
form of Exhibit C. 
 “Connection Income Taxes” means Other Connection Taxes that are imposed on or measured by net
income (however denominated) or that are franchise Taxes or branch profits Taxes. 
 “Consolidated Adjusted EBITDA” means,
for any period, Consolidated Net Income for such period (disregarding any non-cash charges or credits related to any Plan, any non-qualified supplemental pension plan maintained, sponsored or contributed to by Holdings or any ERISA Affiliate, or any
Multiemployer Plan) plus: 
 (a) without duplication and to the extent deducted in determining such Consolidated Net
Income, the sum of: 
 (i) consolidated interest expense for such period, plus 

(ii) consolidated financing costs associated with securitization programs for such period, plus 

(iii) consolidated income tax expense for such period, plus 

(iv) all amounts attributable to depreciation and amortization for such period, plus 

(v) any extraordinary, unusual or non-recurring charges for such period, plus 

(vi) any fees, expenses or charges related to any equity offering, permitted acquisition or other investment, Asset Sale or
other disposition, or incurrence or refinancing of (or amendment or other modification to the documents evidencing any) Indebtedness (in each case, whether or not successful or consummated) permitted to be made or incurred hereunder, including fees,
expenses or charges relating to the Transactions, plus 
 (vii) any premium, make-whole or penalty payments that are
required to be made in connection with any prepayment of Indebtedness, plus 
 (viii) any non-cash charges for such
period; provided that in the event Holdings or any Subsidiary makes any cash payment in respect of any such non-cash charge, such cash payment shall be deducted from Consolidated Adjusted EBITDA in the period in which such payment is made,
plus 
 (ix) the amount of cash restructuring charges and curtailments and modifications to pension and
post-retirement employee benefit plans incurred during such period; 
 and minus: 

(b) without duplication and to the extent included in determining such Consolidated Net Income, the sum of: 

(i) any extraordinary, unusual or non-recurring gains for such period, plus 

  
 -7- 

 (ii) non-cash gains for such period, plus 

(iii) any gains resulting from repurchases of Loans pursuant to Section 10.6(i); 

all determined on a consolidated basis in accordance with GAAP. 

“Consolidated Capital Expenditures” means, for any period, with respect to Holdings, the aggregate of all expenditures by
Holdings and its consolidated Subsidiaries for the acquisition or leasing (pursuant to Capital Lease Obligations) of fixed or capital assets or additions to equipment (including replacements, capitalized repairs and improvements during such period)
that are required to be capitalized under GAAP on a consolidated balance sheet of Holdings and its consolidated Subsidiaries; provided, however, that Consolidated Capital Expenditures for Holdings and its consolidated Subsidiaries
shall not include: (a) expenditures to the extent they are made with proceeds of the issuance of Equity Interests of Holdings, (b) expenditures with proceeds of insurance settlements, condemnation awards, eminent domain and other settlements in
respect of lost (including through eminent domain), destroyed, damaged or condemned assets, equipment or other property, (c) interest capitalized during such period to the extent included in Consolidated Cash Interest Expense, (d) expenditures that
are accounted for as capital expenditures of Holdings or any consolidated Subsidiary and that actually are (i) paid for by a third party (excluding Holdings or any consolidated Subsidiary thereof) and for which neither Holdings nor any Subsidiary
has provided or is required to provide or incur, directly or indirectly, any consideration or obligation to such third party or any other Person (whether before, during or after such period) or (ii) contractually required to be, and are, reimbursed
to the Credit Parties in cash by a third party (including landlords) during such period, (e) the book value of any asset owned by Holdings or any of its consolidated Subsidiaries prior to or during such period to the extent that such book value is
included as a capital expenditure during such period as a result of Holdings or such consolidated Subsidiary reusing or beginning to reuse such asset during such period without a corresponding expenditure actually having been made in such period,
(f) the purchase price of equipment purchased during such period to the extent the consideration therefor consists of any combination of (i) used or surplus equipment traded in at the time of such purchase and (ii) the proceeds of a sale of used or
surplus equipment made within 90 days of the time of such purchase, in each case, in the ordinary course of business, and (g) expenditures to the extent constituting any portion of the purchase price of an acquisition of, or investment in, a
business or line of business permitted under Section 6.6, which, in accordance with GAAP, are or should be capitalized under GAAP. 

“Consolidated Cash Interest Expense” means, for any period, Consolidated Interest Expense during such period (excluding
interest which is payable in kind, but including all commissions, discounts and other fees and charges owed with respect to letters of credit and bankers’ acceptance financing and net costs under Swap Agreements entered into to hedge interest
rates to the extent such net costs are allocable to such period in accordance with GAAP (for purposes of clarification, excluding fees and expenses paid in connection with the establishment of this Agreement)), all determined on a consolidated basis
in accordance with GAAP. 
 “Consolidated Current Assets” means, as at any date of determination, the total assets of a
Person and its Subsidiaries on a consolidated basis that may properly be classified as current assets in conformity with GAAP, excluding cash and Permitted Investments. 

“Consolidated Current Liabilities” means, as at any date of determination, the total liabilities of a Person and its
Subsidiaries on a consolidated basis that may properly be classified as current liabilities in conformity with GAAP, excluding the current portion of long term debt. 

  
 -8- 

 “Consolidated Excess Cash Flow” means, for any period, an amount (if positive)
equal to: 
 (a) the sum, without duplication, of the amounts for such period of 

(i) Consolidated Net Income, plus, 

(ii) to the extent reducing Consolidated Net Income, the sum, without duplication, of amounts for non-cash charges, including for depreciation and amortization (excluding any such non-cash charge to the extent that it represents an accrual or reserve for potential cash
charge in any future period or amortization of a prepaid cash gain that was paid in a prior period), plus 
 (iii) the
Consolidated Working Capital Adjustment; 
 minus: 

(b) non-cash gains increasing Consolidated Net Income for such period; 

minus: 
 (c) the sum,
without duplication and to the extent not included in the determination of Consolidated Net Income, of the amounts for such period paid from Internally Generated Cash of: 

(i) scheduled repayments and mandatory prepayments of Indebtedness for borrowed money (excluding repayments or prepayments of
any revolving credit facility, unless there is an equivalent permanent reduction in commitments thereunder) and scheduled repayments and mandatory prepayments of Capital Lease Obligations (excluding any interest expense portion thereof), plus

 (ii) Consolidated Capital Expenditures, plus 

(iii) payments in respect of long-term liabilities other than Indebtedness, plus 

(iv) investments and acquisitions permitted to be made under Section 6.6, plus 

(v) Restricted Payments made pursuant to clauses (i), (j), (k) or (l) of Section 6.4, plus 

(vi) the aggregate amount of all other operating expenditures, plus 

(vii) the aggregate amount of fees, expenses and charges related to any equity offering, permitted acquisition or other
investment, Asset Sale or other disposition, or incurrence or refinancing of (or amendment or other modification to the documents evidencing any) Indebtedness (in each case, whether or not successful or consummated) permitted to be made or incurred
hereunder, including fees, expenses and charges relating to the Transactions, plus 
 (viii) the aggregate amount of
any premium, make-whole or penalty payments that are required to be made in connection with any prepayment of Indebtedness. 

  
 -9- 

 “Consolidated Fixed Charges” means, for any period, without duplication, the sum
of (a) Consolidated Cash Interest Expense for such period, (b) the aggregate amount of scheduled principal payments during such period in respect of Long-Term Indebtedness (including Capital Lease Obligation payments) of Holdings and its
consolidated Subsidiaries (but excluding (i) payments made by Holdings or any Subsidiary to Holdings or a Subsidiary, (ii) payments of principal to the extent made with the proceeds of Long-Term Indebtedness or the proceeds of any issuance or sale
of Equity Interests in Holdings, in each case incurred, issued or sold, as applicable, to refinance such principal and (iii) repayments of principal of the loans under the ABL Credit Agreement), (c) the aggregate amount of principal payments paid in
cash during such period (other than scheduled principal payments and other than (i) payments made by Holdings or any Subsidiary to Holdings or a Subsidiary, (ii) payments of principal to the extent made with the proceeds of Long-Term Indebtedness
incurred to refinance such principal and (iii) repayments of principal of the loans under the ABL Credit Agreement made during such period) in respect of Long-Term Indebtedness (including Capital Lease Obligation payments) of Holdings and the
Subsidiaries, to the extent that such payments reduced any scheduled principal payments that would have become due within one year after the date of the applicable payment, and (d) regular scheduled dividends paid in cash in respect of the common
stock of Holdings and scheduled mandatory Restricted Payments paid in cash. 
 “Consolidated Interest Expense” means, for
any period, the interest expense (including imputed interest expense in respect of Capital Lease Obligations) of Holdings and the Subsidiaries for such period, including any interest that is capitalized rather than expensed for such period. 

“Consolidated Net Income” means, for any period, the net income or loss of Holdings and the Subsidiaries for such period
determined on a consolidated basis in accordance with GAAP; provided that there shall be excluded (a) the income (or loss) of any Person (other than Holdings) in which any other Person (other than Holdings or any Subsidiary or any director
holding qualifying shares in compliance with applicable law) owns an Equity Interest, except to the extent of the amount of dividends or other distributions actually paid to Holdings or any of the Subsidiaries during such period, and (b) the income
or loss of any Person accrued prior to the date it becomes a Subsidiary or is merged into or consolidated with Holdings or any Subsidiary or the date that such Person’s assets are acquired by Holdings or any Subsidiary. 

“Consolidated Total Debt” means, as at any date of determination, (a) the aggregate stated balance sheet amount of all
Indebtedness of Holdings and its Subsidiaries (or, if higher, the par value or stated face amount outstanding of all such Indebtedness (other than zero coupon Indebtedness)) determined on a consolidated basis in accordance with GAAP, minus (b) the
aggregate stated balance sheet amount of cash and cash equivalents (in each case, free and clear of all Liens, other than Permitted Encumbrances and Liens permitted under Section 6.2(a), 6.2(m) and 6.2(t) in excess of the Operating Cash Threshold.

 “Consolidated Working Capital” means, as at any date of determination, the excess of Consolidated Current Assets of
Holdings and its Subsidiaries over Consolidated Current Liabilities of Holdings and its Subsidiaries. 
 “Consolidated Working
Capital Adjustment” means, for any period on a consolidated basis, the amount (which may be a negative number) by which Consolidated Working Capital as of the beginning of such period exceeds (or is less than) Consolidated Working Capital
as of the end of such period. In calculating the Consolidated Working Capital Adjustment there shall be excluded the effect of reclassification during such period of current assets to long term assets and current liabilities to long term liabilities
and the effect of any acquisition of all or substantially all of the assets of, all of the Equity Interests of, or a business line or unit or a division of any Person during such period; provided that there

  
 -10- 

 
shall be included with respect to any such acquisition during such period an amount (which may be a negative number) by which the Consolidated Working Capital acquired in such acquisition as at
the time of such acquisition exceeds (or is less than) Consolidated Working Capital at the end of such period. 
 “Contractual
Obligation” means, as applied to any Person, any provision of any Security issued by that Person or of any indenture, mortgage, deed of trust, contract, undertaking, agreement or other instrument to which that Person is a party or by which
it or any of its properties is bound or to which it or any of its properties is subject. 
 “Contributing Guarantors” as
defined in Section 7.2. 
 “Control” means the possession, directly or indirectly, of the power to direct or cause the
direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative thereto. 

“Conversion/Continuation Date” means the effective date of a continuation or conversion, as the case may be, as set forth in
the applicable Conversion/Continuation Notice. 
 “Conversion/Continuation Notice” means a Conversion/Continuation Notice
substantially in the form of Exhibit A-2. 
 “Converting Lender” means each
Original Lender that has elected to convert its Original Loans to Loans pursuant to the Restatement Agreement. 
 “Converting
Loans” means each Original Loan held by a Lender that is a Converting Lender (or, if less, the amount notified to such Converting Lender by Administrative Agent prior to the Restatement Effective Date). 

“Counterpart Agreement” means a Counterpart Agreement substantially in the form of Exhibit G delivered by a Credit Party
pursuant to Section 5.10. 
 “Credit Date” means the date of a Credit Extension. 

“Credit Document” means any of the Restatement Agreement, this Agreement, the Notes, if any, the Collateral Documents, and
any other documents, certificates, instruments or agreements executed and delivered by or on behalf of a Credit Party for the benefit of any Agent or any Lender in connection herewith on or after the date hereof that specifically identifies itself
as a “Credit Document”. 
 “Credit Extension” means the making of a Loan. 

“Credit Party” means Borrower and the Guarantors. 

“Credit Rating” means, in the case of Moody’s, the “Corporate Family Rating” (or its equivalent)
assigned by Moody’s to Holdings and, in the case of S&P, the “Issuer Credit Rating” assigned by S&P to Borrower. 

“Customary Mandatory Prepayment Terms” means, in respect of any Indebtedness, terms requiring any obligor in respect of such
Indebtedness to Pay (or offer to Pay) such Indebtedness (a) in the event of a “change in control” (or similar event), (b) in the event of a “fundamental change” (or similar event) that is customary at the time of issuance (a
“Fundamental Change”) and (c) in the event of an “asset sale” (or similar event, including condemnation or casualty), provided that such mandatory 

  
 -11- 

 
Payment (or offer to Pay) in the event of an “asset sale” (or similar event, including condemnation or casualty) (i) can be avoided pursuant to customary reinvestment rights (it being
understood that the terms of such Indebtedness may include additional customary means of avoiding the applicable Payment) and (ii) shall not apply to the sale or disposition of Collateral unless the Payment (or offer to Pay) may be avoided through
reinvestment or prepayment of the Obligations or other Indebtedness secured by such Collateral on a pari passu or senior basis with the Loans. Holdings or Borrower may provide a certificate of a Financial Officer to the effect that the terms
of any (x) reinvestment rights or other means of avoiding the applicable Payment referred to in clause (c)(i) above or (y) Fundamental Change are customary, and such determination shall be conclusive unless Administrative Agent shall have objected
to such determination within five Business Days following its receipt of such certificate and the draft documentation governing such Indebtedness. 

“Debtor Relief Laws” means the Bankruptcy Code, and all other liquidation, conservatorship, bankruptcy, assignment for the
benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws of the United States or other applicable jurisdictions from time to time in effect. 

“Default” means a condition or event that, after notice or lapse of time or both, would constitute an Event of Default. 

“Defaulting Lender” means subject to Section 2.22(b), any Lender that (a) has failed to (i) fund all or any portion of its
Loans within two Business Days of the date such Loans were required to be funded hereunder unless such Lender notifies Administrative Agent and Borrower in writing that such failure is the result of such Lender’s determination that one or more
conditions precedent to funding (which conditions precedent, together with the applicable default, if any, shall be specifically identified in such writing) has not been satisfied, or (ii) pay to Administrative Agent or any other Lender any other
amount required to be paid by it hereunder within two Business Days of the date when due, (b) has notified Borrower or Administrative Agent in writing that it does not intend to comply with its funding obligations hereunder, or has made a public
statement to that effect (unless such writing or public statement relates to such Lenders’ obligation to fund a Loan hereunder and states that such position is based on such Lender’s determination that a condition precedent to funding
(which condition precedent, together with the applicable default, if any, shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has failed, within three Business Days after written request by Administrative
Agent or Borrower, to confirm in writing to Administrative Agent and Borrower that it will comply with its prospective funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c)
upon receipt of such written confirmation by Administrative Agent and Borrower), or (d) Administrative Agent has received notification that such Lender is, or has a direct or indirect parent company that is, (i) insolvent, or is generally unable to
pay its debts as they become due, or admits in writing its inability to pay its debts as they become due, or makes a general assignment for the benefit of its creditors or (ii) the subject of a bankruptcy, insolvency, reorganization, liquidation or
similar proceeding, or a receiver, trustee, conservator, intervenor or sequestrator or the like has been appointed for such Lender or its direct or indirect parent company, or such Lender or its direct or indirect parent company has taken any action
in furtherance of or indicating its consent to or acquiescence in any such proceeding or appointment or (iii) subject to a Bail-In Action; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or
acquisition of any Equity Interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts
within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority or instrumentality) to reject, repudiate, disavow or disaffirm any contracts or agreements made
with such Lender. 

  
 -12- 

 “Deposit Account” means any “deposit account”, within the meaning of
Article 9 of the UCC, of any Credit Party. 
 “Designated Non-Cash Consideration” means the fair market value (as
determined in good faith by Borrower) of non-cash consideration received by Holdings, Borrower or any Subsidiary of Holdings in connection with a disposition made pursuant to clause (o), (p) or (s) of Section 6.7 that is so designated as
“Designated Non-Cash Consideration” pursuant to a certificate of an Authorized Officer of the Borrower, less the amount of cash or cash equivalents received in connection with a subsequent sale of such Designated Non-Cash Consideration.

 “Disclosed Matters” means the actions, suits and proceedings and the environmental matters disclosed in
Schedule 4.14. 
 “Disqualified Equity Interests” means any Equity Interest that by its terms (or by the terms of any
security into which it is convertible or for which it is exchangeable, either mandatorily or at the option of the holder thereof), or upon the happening of any event or condition: 

(a) matures or is mandatorily Payable (other than solely for Equity Interests that do not constitute Disqualified Equity
Interests and cash in lieu of fractional shares of such Equity Interests), whether pursuant to a sinking fund obligation or otherwise, prior to the date that is 90 days after the Latest Maturity Date (measured as of the time that such Equity
Interest is issued); 
 (b) is convertible or exchangeable at the option of the holder thereof for Indebtedness or Equity
Interests (other than solely for Equity Interests that do not constitute Disqualified Equity Interests and cash in lieu of fractional shares of such Equity Interests), prior to the date that is 90 days after the Latest Maturity Date (measured as of
the time that such Equity Interest is issued); or 
 (c) is Payable or is required to be Paid (other than solely for Equity
Interests that do not constitute Disqualified Equity Interests and cash in lieu of fractional shares of such Equity Interests) by Holdings or any of its Affiliates, in whole or in part, at the option of the holder thereof, prior to the date that is
90 days after the Latest Maturity Date (measured as of the time that such Equity Interest is issued); 
 provided that clauses (a) and (c) hereto
(other than the exclusions set forth therein) shall not apply to any requirement of mandatory Payment that is contingent upon (i) an “asset sale” (or similar event, including condemnation or casualty), the incurrence of Indebtedness or a
“change of control” (or similar event) if such mandatory Payment can be avoided through Payment of Loans or through investments by Holdings or any of its Subsidiaries in assets to be used in their businesses or if such mandatory Payment is
contingent upon prior payment in full of the Obligations and (ii) in addition to clause (i) above, in the case of a convertible security or a mandatorily convertible unit, a Fundamental Change, and provided, further, that Equity
Interests issued to any employee benefit plan, or by any such plan to any employees of Holdings or any of its Subsidiaries, shall not constitute Disqualified Equity Interests solely because they may be required to be Paid in order to satisfy
applicable statutory or regulatory obligations. 
 “Disqualified Lenders” means: 

(a) those Persons identified by Borrower in writing to Administrative Agent prior to the Restatement Effective Date as direct
competitors of Borrower or any of its Subsidiaries that is an operating company (it being understood and agreed that any bona fide debt funds of any financial investors in such operating company shall not constitute a direct competitor or Affiliate

  
 -13- 

 
thereof for purposes of this clause (a)), or any of their respective Affiliates to the extent that such Affiliates (i) are clearly identifiable as such on the basis of their name or (ii) are
identified in writing by the Borrower to Administrative Agent from time to time; 
 (b) those Persons identified by Borrower
in writing to Administrative Agent from time to time after the Restatement Effective Date that are direct competitors of Borrower and its Subsidiaries after the Restatement Effective Date, and are approved by Administrative Agent and which Person is
an operating company; and 
 (c) any other Person that has been identified in writing to Administrative Agent by Borrower
prior to the Restatement Effective Date, and any Affiliates of such Person to the extent that such Affiliates (i) are clearly identifiable as such on the basis of their name or (ii) are identified in writing by the Borrower to Administrative Agent
from time to time. 
 Any supplement to the list of Disqualified Lenders pursuant to clauses (a), (b) or (c) above shall be sent by the Borrower to
JPMDQ_Contact@jpmorgan.com and such supplement shall take effect 3 Business Days after such notice is received by Administrative Agent (it being understood that no such supplement to the list of Disqualified Lenders shall operate to disqualify any
Person that is already a Lender or that is party to a pending trade). Administrative Agent shall, upon request of any Lender or any prospective assignee, make available the list of Disqualified Lenders. Notwithstanding the foregoing or anything in
this Agreement to the contrary, each Credit Party and the Lenders acknowledge and agree that the neither Administrative Agent nor any other Agent will have any responsibility or obligation to determine whether any Lender or potential Lender is a
Disqualified Lender and neither Administrative Agent nor any other Agent will have any liability with respect to any assignment made to a Disqualified Institution. 

“Dollars” and the sign “$” mean the lawful money of the United States of America. 

“Domestic Subsidiary” means any Subsidiary organized under the laws of the United States of America, any state thereof or the
District of Columbia. 
 “EEA Financial Institution” means (a) any institution established in any EEA Member Country which
is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any institution established in an EEA Member
Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent. 

“EEA Member Country” means any of the member states of the European Union, Iceland, Liechtenstein, and Norway. 

“EEA Resolution Authority” means any public administrative authority or any Person entrusted with public administrative
authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Eligible Assignee” means any Person other than a natural Person that is (i) a Lender, an affiliate of any Lender or a
Related Fund or (ii) a commercial bank, insurance company, investment or mutual fund or other entity that is an “accredited investor” (as defined in Regulation D under the Securities Act) and which extends credit or buys loans in the
ordinary course of business; provided, no Defaulting Lender, Disqualified Lender, natural person, Credit Party or Affiliate of a Credit Party shall be an Eligible Assignee (except for purposes of assignments to Borrower pursuant to Section
10.6(i)). 

  
 -14- 

 “Employee Benefit Plan” means any “employee benefit plan” as defined
in Section 3(3) of ERISA which is or was sponsored, maintained or contributed to by, or required to be contributed to by, Holdings, any of its Subsidiaries or any of their respective ERISA Affiliates. 

“Environment” means ambient air, surface water, groundwater, drinking water, land surface, sediments, and subsurface strata
& natural resources such as wetlands, flora and fauna. 
 “Environmental Claim” means any investigation, notice, notice
of violation, claim, action, suit, proceeding, demand, abatement order or other order or legally enforceable directive (conditional or otherwise), by any Governmental Authority or any other Person, arising (i) pursuant to or in connection with any
actual or alleged violation of any Environmental Law; (ii) in connection with the presence, Release or threat of Release of any Hazardous Material or Hazardous Materials Activity; or (iii) in connection with any actual or alleged damage, injury,
threat or harm to natural resources, the Environment, or as relates to exposure to Hazardous Materials, human health or safety. 

“Environmental Laws” means all laws, rules, regulations, codes, ordinances, orders, decrees, judgments, injunctions, notices
or binding agreements issued, promulgated or entered into by any Governmental Authority, relating in any way to the Environment, preservation or reclamation of natural resources, the management, Release or threatened Release of any Hazardous
Material or to health and safety matters. 
 “Environmental Liability” means any liability, contingent or otherwise
(including any liability for damages, costs of environmental investigation or remediation, fines, penalties or indemnities), of Holdings or any Subsidiary directly or indirectly resulting from or based upon (a) violation of any Environmental Law,
(b) the generation, use, handling, transportation, storage, treatment of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the Release or threatened Release of any Hazardous Materials into the Environment or (e) any contract,
agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 

“Equity Interests” means any and all shares, interests, participations or other equivalents (however designated) of capital
stock of a corporation, any and all equivalent ownership interests in a Person (other than a corporation), including partnership interests and membership interests, and any and all warrants, rights or options to purchase or other arrangements or
rights to acquire any of the foregoing. 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended
from time to time, and the final rules and regulations promulgated thereunder, as from time to time in effect. 
 “ERISA
Affiliate” means any trade or business (whether or not incorporated) that, together with Holdings, is treated as a single employer under Section 414(b) or (c) of the Internal Revenue Code or, solely for purposes of Section 302 of ERISA and
Section 412 of the Internal Revenue Code, is treated as a single employer under Section 414 of the Internal Revenue Code. 
 “ERISA
Event” means (a) any “reportable event”, as defined in Section 4043 of ERISA or the regulations issued thereunder with respect to a Plan (other than an event for which the 30-day notice period is waived); (b) a failure by any Plan
to satisfy the minimum funding standard (as defined in Section 412 of the Internal Revenue Code or Section 302 of ERISA) applicable to such Plan, whether or not waived; (c) the filing pursuant to Section 412(c) of the Internal Revenue Code or
Section 302(c) of ERISA of an application for a waiver of the minimum funding standard with respect to any Plan; (d) a determination that any Plan is, or is expected to be, in “at-risk” status (as defined in Section 303(i)(4) of ERISA or
Section 430(i)(4) of the Internal Revenue Code); (e) the incurrence by Holdings or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to the termination of any Plan; (f)

  
 -15- 

 
the receipt by Holdings or any ERISA Affiliate from the PBGC or a plan administrator of any notice relating to an intention to terminate any Plan or Plans (other than a termination initiated by
Holdings or an ERISA Affiliate) or to appoint a trustee to administer any Plan; (g) the incurrence by Holdings or any of its ERISA Affiliates of any liability with respect to the withdrawal or partial withdrawal from any Multiemployer Plan or the
withdrawal from a Plan subject to Section 4063 of ERISA during a plan year in which such entity was a “substantial employer” (as defined in Section 4001(a)(2) of ERISA); (h) the receipt by Holdings or any ERISA Affiliate from any
Multiemployer Plan of any notice concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be, insolvent, within the meaning of Title IV of ERISA or in “endangered” or
“critical” status (within the meaning of Section 432 of the Internal Revenue Code or Section 305 of ERISA); (i) the occurrence of a non-exempt “prohibited transaction” (as defined in Section 4975 of the Internal Revenue Code or
Section 406 of ERISA) with respect to which Holdings or any ERISA Affiliate is a “disqualified person” (within the meaning of Section 4975 of the Internal Revenue Code) or a “party in interest” (within the meaning of Section 406
of ERISA) or could otherwise be liable; or (j) the imposition of a Lien upon the assets of Holdings or any ERISA Affiliate pursuant to the Internal Revenue Code or ERISA with respect to any Plan; or (k) the disqualification by the Internal Revenue
Service of any Plan (or any other Employee Benefit Plan intended to be qualified under Section 401(a) of the Internal Revenue Code) under Section 401(a) of the Internal Revenue Code. 

“EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any
successor Person), as in effect from time to time. 
 “Eurodollar Rate Loan” means a Loan bearing interest at a rate
determined by reference to the Adjusted Eurodollar Rate. 
 “Event of Default” means each of the conditions or events set
forth in Section 8.1. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, and any
successor statute. 
 “Excluded Immaterial Subsidiary” means, at any date of determination, any subsidiary of Holdings
that, taken together with all Excluded Immaterial Subsidiaries that are designated as Excluded Subsidiaries, did not represent more than 5% of the total Net Tangible Assets of Holdings and its Subsidiaries. 

“Excluded Subsidiary” means, at any date, any Realty Company that is not a Material Subsidiary as of such date and any
Excluded Immaterial Subsidiary designated by the Borrower in writing to the Administrative Agent. For purposes of determining whether a Realty Company is a Material Subsidiary or such other Excluded Subsidiary is an Excluded Immaterial Subsidiary,
the computations required by the definition of the terms “Material Subsidiary” and “Excluded Immaterial Subsidiary”, as applicable, shall be made including the assets of all Excluded Subsidiaries. 

“Excluded Taxes” means any of the following Taxes imposed on or with respect to a Recipient or required to be withheld or
deducted from a payment to a Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case, (i) imposed as a result of such Recipient being organized under the laws of, or
having its principal office or, in the case of any Lender, its applicable lending office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the case of a Lender, U.S.
federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan or Commitment pursuant to a law in effect on the date on which (i) such Lender acquires such interest in the
Loan or Commitment (other than pursuant to an assignment 

  
 -16- 

 
request by the Borrower under Section 2.23) or (ii) such Lender changes its lending office, except in each case to the extent that, pursuant to Section 2.20, amounts with respect to such Taxes
were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed its lending office, (c) Taxes attributable to such Recipient’s failure to comply with
Section 2.20(c), and (d) any U.S. federal withholding Taxes imposed under FATCA. 
 “Existing Loans” as defined in Section
2.25(c)(ii). 
 “Extended Maturity Date” as defined in Section 2.25(a). 

“Extended Loans” as defined in Section 2.25(c)(ii). 

“Extension” as defined in Section 2.25(a). 

“Extension Amendments” as defined in Section 2.25(f). 

“Extension Offer” as defined in Section 2.25(a). 

“Extension Series” means Extended Loans having the same terms and specified to constitute a single Class of Loans for
purposes of this Agreement in the applicable Extension Amendment. 
 “Facility” means any real property (including all
buildings, fixtures or other improvements located thereon) now, hereafter or heretofore owned, leased, operated or used by Holdings or any of its Subsidiaries or any of their respective predecessors or Affiliates. 

“Fair Share” as defined in Section 7.2. 

“Fair Share Contribution Amount” as defined in Section 7.2. 

“FATCA” means Sections 1471 through 1474 of the Internal Revenue Code as of the date of this Agreement (or any amended or
successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof and any agreements entered into pursuant to Section 1471(b)(1) of the Internal
Revenue Code (or any amended or successor version that is substantively comparable and not materially more onerous to comply with) or any intergovernmental agreement (and any related laws or legislation) implementing the foregoing. 

“Federal Funds Effective Rate” means, for any day, the rate calculated by the NYFRB based on such day’s federal funds
transactions by depositary institutions, as determined in such manner as the NYFRB shall set forth on its public website from time to time, and published on the next succeeding Business Day by the NYFRB as the federal funds effective rate. 

“Financial Officer” means the chief financial officer, principal accounting officer, vice president-chief accountant,
treasurer, assistant treasurer or controller of Holdings or Borrower. 
 “Financial Plan” as defined in Section 5.1(h).

 “First Priority” means, with respect to any Lien purported to be created in any Collateral pursuant to any Collateral
Document, that such Lien is the only Lien to which such Collateral is subject, other than any Permitted Lien. 
 “Fiscal
Quarter” means a fiscal quarter of any Fiscal Year. 

  
 -17- 

 “Fiscal Year” means the fiscal year of Holdings and its Subsidiaries ending on
the Saturday closest to January 31 of each calendar year. 
 “Fitch” means Fitch, Inc. 

“Fixed Charge Coverage Ratio” means, for any Test Period, the ratio, determined as of the end of such Test Period, of (a)
Consolidated Adjusted EBITDA for such Test Period minus (i) Consolidated Capital Expenditures paid in cash by Holdings and its consolidated Subsidiaries during such Test Period (other than those financed with Long-Term Indebtedness (other
than Loans) or with the proceeds of Sale/Leaseback Transactions entered into in accordance with Section 6.10, in each case to the extent such Indebtedness or Sale/Leaseback Transaction is incurred or consummated in connection with and for the
specific purpose of financing such Consolidated Capital Expenditure) and (ii) the aggregate amount of income Taxes paid in cash by Holdings and its consolidated Subsidiaries during such Test Period, to (b) Consolidated Fixed Charges for such Test
Period. 
 “Flood Hazard Property” means any Real Estate Asset subject to a mortgage in favor of Collateral Agent, for the
benefit of the Term Loan/Notes Secured Parties, and located in an area designated by the Federal Emergency Management Agency as having special flood or mud slide hazards. 

“Flood Certificate” means a “Standard Flood Hazard Determination Form” of the Federal Emergency Management Agency
and any successor Governmental Authority performing a similar function. 
 “Flood Program” means, collectively, (i)
National Flood Insurance Reform Act of 1994 (which comprehensively revised the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973) as now or hereafter in effect or any successor statute thereto, (ii) the Flood
Insurance Reform Act of 2004 as now or hereafter in effect or any successor statute thereto and (iii) the Biggert-Waters Flood Insurance Reform Act of 2012 as now or hereafter in effect or any successor statute thereto. 

“Flood Zone” means areas having special flood hazards as described in the Flood Program. 

“Foreign Subsidiary” means any Subsidiary that is not a Domestic Subsidiary. 

“Former Agent” as defined in the recitals hereto. 

“Fundamental Change” as defined in the definition of “Customary Mandatory Prepayment Terms.” 

“Funding Guarantors” as defined in Section 7.2. 

“Funding Notice” means a notice substantially in the form of Exhibit A-1. 

“GAAP” means, subject to the provisions of Section 1.2, United States generally accepted accounting principles in effect as
of the date of determination thereof. 
 “Governmental Authority” means the government of the United States of America, any
other nation or any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or
administrative powers or functions of or pertaining to government. 
 “Grantor” as defined in the Pledge and Security
Agreement. 

  
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 “guarantee” of or by any Person (the “guarantor”) means any
obligation, contingent or otherwise, of the guarantor guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation of any other Person (the “primary obligor”) in any manner, whether directly or
indirectly, and including any obligation of the guarantor, direct or indirect, (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation or to purchase (or to advance or supply funds for
the purchase of) any security for the payment thereof, (b) to purchase or lease property, securities or services for the purpose of assuring the owner of such Indebtedness or other obligation of the payment thereof, (c) to maintain working capital,
equity capital or any other financial statement condition or liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation or (d) as an account party in respect of any letter of credit or letter of
guaranty issued to support such Indebtedness or obligation; provided that the term guarantee shall not include endorsements for collection or deposit in the ordinary course of business. The amount of any guarantee at any time shall be deemed
to be (i) an amount equal to the stated or determinable amount at such time of the related primary obligation, or portion thereof, in respect of which such guarantee is made or (ii) if the amount of such primary obligation is not stated or
determinable at such time, the amount of the guarantee shall be such guarantor’s maximum reasonably anticipated liability in respect thereof; provided that, if the terms of such guarantee limit the amount for which such guarantor may be
liable thereunder to a maximum stated or determinable amount, the amount of such guarantee shall not in any event exceed such maximum stated or determinable amount. 

“Guaranteed Obligations” as defined in Section 7.1. 

“Guarantor” means each of (i) Holdings, (ii) each wholly-owned Domestic Subsidiary of Borrower that is a Material Subsidiary,
(iii) each wholly-owned Domestic Subsidiary of Borrower that is a Non-Material Subsidiary and is required to satisfy the requirements of Section 5.10 in order for the Credit Parties to remain in compliance with the provisions of Section 6.5, (iv)
each Subsidiary that guarantees or is a borrower with respect to the obligations under the ABL Credit Agreement, and (v) any Subsidiary of Holdings that is designated by Borrower to become a party to this Agreement and the applicable Collateral
Documents for the purpose of granting a security interest in such Subsidiary’s Collateral, provided that Borrower shall cause the requirements of Section 5.10(a) to be satisfied with respect to such Subsidiary immediately upon such
Subsidiary becoming a Guarantor. Notwithstanding anything contained in this Agreement to the contrary, under no circumstances shall a Foreign Subsidiary, or any Domestic Subsidiary substantially all of the assets of which consist of Equity
Interests in one or more Foreign Subsidiaries, be considered or required to become a Guarantor under this Agreement unless either (x) such Foreign Subsidiary or Domestic Subsidiary guarantees or is a borrower with respect to the obligations under
the ABL Credit Agreement or (y) Borrower so agrees. 
 “Guarantor Subsidiary” means each Guarantor other than Holdings.

 “Guaranty” means the guaranty of each Guarantor set forth in Section 7. 

“Hazardous Materials” means all explosive or radioactive materials, substances or wastes and all hazardous or toxic
materials, substances, wastes or other pollutants, including petroleum or petroleum distillates or by-products, asbestos or asbestos containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other materials,
substances or wastes of any nature regulated as hazardous, toxic, a pollutant, a contaminant, or words of similar import pursuant to any Environmental Law. 

“Hazardous Materials Activity” means any past or current activity, event or occurrence conducted by Holdings or any of its
Subsidiaries involving any Hazardous Materials, including the use, manufacture, possession, storage, holding, presence, existence, location, Release, threatened Release, 

  
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discharge, placement, generation, transportation, processing, construction, treatment, abatement, removal, remediation, disposal, disposition or handling of any Hazardous Materials, and any
corrective action or response action with respect to any of the foregoing. 
 “Highest Lawful Rate” means the maximum
lawful interest rate, if any, that at any time or from time to time may be contracted for, charged, or received under the laws applicable to any Lender which are presently in effect or, to the extent allowed by law, under such applicable laws which
may hereafter be in effect and which allow a higher maximum nonusurious interest rate than applicable laws now allow. 
 “Historical
Financial Statements” means as of the Restatement Effective Date, the audited financial statements of Holdings and its Subsidiaries, for the immediately preceding three Fiscal Years, and the unaudited financial statements of Holdings and
its Subsidiaries, for each Fiscal Quarter commencing after the most recently ended Fiscal Year and ending at least 45 days prior to the Restatement Effective Date, consisting of balance sheets and the related consolidated statements of income,
stockholders’ equity and cash flows for such Fiscal Years and Fiscal Quarters, respectively. 
 “Holdings” as defined
in the preamble hereto. 
 “Impacted Interest Period” as defined in the definition of “Adjusted Eurodollar
Rate.” 
 “Increased-Cost Lender” as defined in Section 2.23. 

“Indebtedness” of any Person means, without duplication, (a) all obligations of such Person for borrowed money, (b) all
obligations of such Person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such Person under conditional sale or other title retention agreements relating to property acquired by such Person, (d) all obligations
of such Person in respect of the deferred purchase price of property or services (excluding (i) accounts payable incurred in the ordinary course of business, (ii) any earn-out obligation contingent upon performance of an acquired business, except to
the extent such obligation would be required to be reflected on a consolidated balance sheet (without giving effect to the footnotes thereto) of Holdings prepared in accordance with GAAP and (iii) accruals for payroll and other liabilities accrued
in the ordinary course of business), (e) all Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on property owned or acquired by such Person,
whether or not the Indebtedness secured thereby has been assumed (provided that with respect to Indebtedness that is nonrecourse to the credit of that Person, such Indebtedness shall be taken into account only to the extent of the lesser of
(x) the fair market value of the asset(s) subject to such Lien and (y) the amount of Indebtedness secured), (f) all guarantees by such Person of Indebtedness of others, (g) all Capital Lease Obligations of such Person, (h) all obligations,
contingent or otherwise, of such Person as an account party in respect of letters of credit and letters of guaranty, (i) all obligations, contingent or otherwise, of such Person in respect of bankers’ acceptances, (j) all Off-Balance Sheet
Liabilities and (k) Disqualified Equity Interests. The Indebtedness of any Person shall include the Indebtedness of any other entity (including any partnership in which such Person is a general partner) to the extent such Person is liable therefor
as a result of such Person’s ownership interest in or other relationship with such entity, except to the extent the terms of such Indebtedness provide that such Person is not liable therefor. For the avoidance of doubt, any preferred Equity
Interests (other than any Disqualified Equity Interests) of any Person that are convertible into common Equity Interests (other than any Disqualified Equity Interests) of such Person shall not constitute Indebtedness of such Person. For the
avoidance of doubt, obligations in respect of Swap Agreements shall not constitute Indebtedness. 
 “Indemnified
Liabilities” means, collectively, any and all liabilities, obligations, losses, damages (including natural resource damages), penalties, claims, actions, judgments, suits, costs 

  
 -20- 

 
(including the costs of any investigation, study, sampling, testing, abatement, cleanup, removal, remediation or other response action necessary to remove, remediate, clean up or abate any
Hazardous Materials), expenses and disbursements of any kind or nature whatsoever (including the reasonable fees and disbursements of one counsel for all Indemnitees taken as a whole and, if reasonably necessary, a single local counsel for all
Indemnitees taken as a whole in each relevant material jurisdiction and, solely in the case of a conflict of interest, one additional counsel in each relevant jurisdiction to each group of affected Indemnitees similarly situated taken as a whole, in
connection with any investigative, administrative or judicial proceeding or hearing commenced or threatened by any Person, whether or not any such Indemnitee shall be designated as a party or a potential party thereto, and any fees or expenses
incurred by Indemnitees in enforcing this indemnity), whether direct, indirect, special or consequential and whether based on any federal, state or foreign laws, statutes, rules or regulations (including securities and commercial laws, statutes,
rules or regulations and Environmental Laws), on common law or equitable cause or on contract or otherwise, that may be imposed on, incurred by, or asserted against any such Indemnitee, in any manner relating to or arising out of (i) this Agreement
or the other Credit Documents or the transactions contemplated hereby or thereby (including the Lenders’ agreement to make Credit Extensions, the syndication of the credit facilities provided for herein or the use or intended use of the
proceeds thereof, any amendments, waivers or consents with respect to any provision of this Agreement or any of the other Credit Documents, or any enforcement of any of the Credit Documents (including any sale of, collection from, or other
realization upon any of the Collateral or the enforcement of the Guaranty)); or (ii) any Environmental Claim, and Environmental Liabilities or any Hazardous Materials Activity relating to or arising from, directly or indirectly, any past or present
activity, operation, land ownership, or practice of Holdings or any of its Subsidiaries. 
 “Indemnified Taxes” means (a)
Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by or on account of any obligation of any Credit Party under any Credit Document and (b) to the extent not otherwise described in (a), Other Taxes. 

“Indemnitee” as defined in Section 10.3(a). 

“Initial Appraisal” as defined in Section 5.16(a)(v). 

“Initial Loan” means a Loan made by a Lender to Borrower pursuant to Section 2.1(a), including, for the avoidance of doubt, a
Converting Loan converted to an Initial Loan. 
 “Installment” as defined in Section 2.12. 

“Intellectual Property” as defined in the Pledge and Security Agreement. 

“Intellectual Property Security Agreements” has the meaning assigned to that term in the Pledge and Security Agreement. 

“Intercreditor Agreements” means the ABL Intercreditor Agreement, the Pari Passu Intercreditor Agreement and the Junior
Priority Intercreditor Agreement. 
 “Interest Payment Date” means with respect to (i) any Loan that is a Base Rate Loan,
the last Business Day of March, June, September and December of each year, commencing on the first such date to occur after the Restatement Effective Date and the final maturity date of such Loan; and (ii) any Loan that is a Eurodollar Rate Loan,
the last day of each Interest Period applicable to such Loan; provided, in the case of each Interest Period of longer than three months “Interest Payment Date” shall also include each date that is three months, or an integral
multiple thereof, after the commencement of such Interest Period. 

  
 -21- 

 “Interest Period” means, in connection with a Eurodollar Rate Loan, an interest
period of one, two, three or six-months, as selected by Borrower in the applicable Funding Notice or Conversion/Continuation Notice, (i) initially, commencing on the Credit Date or Conversion/Continuation Date thereof, as the case may be; and (ii)
thereafter, commencing on the day on which the immediately preceding Interest Period expires; provided, (a) if an Interest Period would otherwise expire on a day that is not a Business Day, such Interest Period shall expire on the next
succeeding Business Day unless no further Business Day occurs in such month, in which case such Interest Period shall expire on the immediately preceding Business Day; (b) any Interest Period that begins on the last Business Day of a calendar month
(or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall, subject to clause (c) of this definition, end on the last Business Day of a calendar month; (c) no Interest Period with
respect to any portion of any Class of Loans shall extend beyond such Class’s Maturity Date; and (d) subject to the foregoing clauses (a) through (c), the initial Interest Period shall commence on the Restatement Effective Date and end on
August 31, 2016. 
 “Interest Rate Determination Date” means, with respect to any Interest Period, the date that is two
Business Days prior to the first day of such Interest Period. 
 “Internal Revenue Code” means the Internal Revenue Code of
1986, as amended to the date hereof and from time to time hereafter, and any successor statute. 
 “Internally Generated
Cash” means, with respect to any period, any cash of Holdings or any Subsidiary generated during such period, excluding Net Asset Sale Proceeds, Net Insurance/Condemnation Proceeds and any cash that is generated from an incurrence of
Indebtedness, an issuance of Equity Interests or a capital contribution. 
 “Interpolated Rate” means, at any time,
for any Interest Period, the rate per annum (rounded to the same number of decimal places as the LIBO Screen Rate) determined by Administrative Agent (which determination shall be conclusive and binding absent manifest error) to be equal to
the rate that results from interpolating on a linear basis between: (a) the LIBO Screen Rate for the longest period for which the LIBO Screen Rate is available that is shorter than the Impacted Interest Period; and (b) the LIBO Screen Rate for
the shortest period for which that LIBO Screen Rate is available that exceeds the Impacted Interest Period, in each case, at such time. 

“JC Penney Properties” means J. C. Penney Properties, Inc., a Delaware corporation. 

“JCP Real Estate Holdings” means JCP Real Estate Holdings, Inc., a Delaware corporation. 

“Joint Bookrunners” means each of JPMorgan, Barclays Bank PLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells
Fargo Securities, LLC and Goldman Sachs Lending Partners LLC. 
 “Joint Lead Arrangers” means each of JPMorgan,
Barclays Bank PLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells Fargo Securities, LLC and Goldman Sachs Lending Partners LLC. 

“JPMorgan” as defined in the preamble hereto. 

“Junior Priority Intercreditor Agreement” means an intercreditor agreement substantially in the form of Exhibit B to the Pari
Passu Intercreditor Agreement. 

  
 -22- 

 “Latest Maturity Date” means, at any date of determination, the latest maturity
or expiration date applicable to any Loan or Commitment hereunder at such time, in each case as extended pursuant to Section 2.24 or 2.25, as the case may be, from time to time. 

“Leasehold Property” means any leasehold interest of any Credit Party as lessee under any lease of real property. 

“Lender” means each financial institution listed on the signature pages to the Restatement Agreement (including each
Converting Lender), any other Person that becomes a party hereto pursuant to an Assignment Agreement and any Additional Lender. 

“LIBO Screen Rate” as defined in the definition of “Adjusted Eurodollar Rate.” 

“Lien” means with respect to any asset, (a) any mortgage, deed of trust, lien, pledge, hypothecation, encumbrance, charge or
security interest in, on or of such asset and (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same economic effect as any of
the foregoing) relating to such asset. 
 “Loan” means an Initial Loan, an Extended Loan or a Refinancing Loan. 

“Loan Exposure” means, with respect to any Lender, as of any date of determination, the sum of (i) the outstanding principal
amount of the Loans of such Lender and (ii) the outstanding principal amount of such Lender’s unfunded Commitment which has not expired or terminated in accordance with the terms of this Agreement; provided, at any time prior to the
making of any Loan, the Loan Exposure of any Lender shall be equal to such Lender’s Commitment. 
 “Long-Term
Indebtedness” means any Indebtedness that, in accordance with GAAP, constitutes (or, when incurred, constituted) a long-term liability. 

“Margin Stock” as defined in Regulation U. 

“Marketing Materials” means the Confidential Information Memorandum dated June 2016. 

“Material Adverse Effect” means (a) a materially adverse effect on the business, assets, operations or condition of Holdings
and its Subsidiaries, taken as a whole, (b) a material impairment of the ability of the Credit Parties to perform their payment obligations under the Credit Documents or (c) a material impairment of the rights of or benefits available to the
Lenders, Administrative Agent or Collateral Agent under any Credit Document (other than any such impairment of rights or benefits that is primarily attributable to (i) action taken by one or more Lenders, Administrative Agent or Collateral Agent
(excluding any action against one or more Lenders, Administrative Agent or Collateral Agent taken by Holdings, Borrower, their respective subsidiaries or their respective affiliates) or (ii) circumstances that are unrelated to Holdings, Borrower,
their respective Subsidiaries or their respective Affiliates). 
 “Material Indebtedness” means Indebtedness (other than
the Loans hereunder), or obligations in respect of one or more Swap Agreements, of any one or more of Holdings and its Subsidiaries in an aggregate principal amount exceeding $100,000,000. For purposes of determining Material Indebtedness, the
“principal amount” of the obligations of Holdings or any Subsidiary in respect of any Swap Agreement at any time shall be the maximum aggregate amount (giving effect to any netting agreements) that Holdings or such Subsidiary would be
required to pay if such Swap Agreement were terminated at such time. 

  
 -23- 

 “Material Real Estate Asset” means (a) any Real Estate Asset fee-owned by Borrower or any Subsidiary that is a Guarantor having a fair market value equal to or greater than $2,000,000 as of the Restatement Effective Date based on the Initial Appraisal or, if acquired after
the Restatement Effective Date, as of the date of the acquisition thereof, (b) any ground Leasehold Property leased by Borrower or any Subsidiary that is a Guarantor having a fair market value equal to or greater than $2,000,000 as of the
Restatement Effective Date based on the Initial Appraisal or, if acquired after the Restatement Effective Date, as of the date of the acquisition thereof and (c) any other Real Estate Asset designated as a “Material Real Estate Asset” by
the Borrower to the Administrative Agent in writing after the Restatement Effective Date; in each case with respect to clauses (a) and (b), other than (i) the real property located on or about 6501 Legacy Drive, Plano, Texas (headquarters) and (ii)
any Real Estate Asset (A) located outside of one of the states of the United States of America or the District of Columbia, (B) owned or ground leased directly by Borrower constituting a part of any store, warehouse or distribution center if such
Real Estate Asset has a net book value above 0.25% of Stockholders’ Equity (as determined as of the Restatement Effective Date with respect to Real Estate Assets owned as of the Restatement Effective Date, and in all other cases as determined
at the time of such acquisition in accordance with the 1994 Indenture), (C) if any mortgage, pledge and/or security interest of or in such Real Estate Asset (1) is prohibited or restricted by applicable law (with no requirement to obtain the consent
of any Governmental Authority), (2) would require a consent, approval, or other authorization of a landlord or other third party if such consent, approval or other authorization cannot be obtained after Borrower’s use of commercially reasonable
efforts, or (3) could result in material adverse tax consequences (other than payment of mortgage tax, transfer tax or similar taxes related to real property collateral), or (D) where the cost of obtaining any mortgage, pledge and/or security
interest of or in such Real Estate Asset would exceed the practical benefit to the Lenders afforded thereby (as reasonably determined by the Borrower and Administrative Agent). 

“Material Subsidiary” means, at any date of determination, any Subsidiary of Holdings that had, as of the date of the most
recent financial statements delivered pursuant to Section 5.1 (or prior to delivery of such financial statements, as of the end of the most recent Fiscal Quarter (or Fiscal Year) with respect to which Historical Financial Statements have been
delivered), Net Tangible Assets representing more than 3% (or in the case of JCP Realty, LLC and its Subsidiaries, 5%) of the total Net Tangible Assets of Holdings and its Subsidiaries. 

“Maturity Date” means (a) with respect to any (i) Initial Loans, June 23, 2023, (ii) Extended Loans, the date specified
in the applicable Extension Amendment as the Maturity Date therefor and (iii) Refinancing Loans, the date specified in the applicable Refinancing Amendment as the Maturity Date therefor and (b) the date on which all Loans shall become due and
payable in full hereunder, whether by acceleration or otherwise. 
 “Moody’s” means Moody’s Investors Service,
Inc. 
 “Mortgage” means a First Priority mortgage, deed of trust, deed to secure debt, security deed, trust deed or
spreader of lien, in form and substance reasonably satisfactory to Administrative Agent (and in form satisfactory to Collateral Agent), as it may be amended, restated, supplemented or otherwise modified from time to time. 

“Multiemployer Plan” means a multiemployer plan as defined in Section 4001(a)(3) of ERISA maintained, sponsored or
contributed to by Holdings or any ERISA Affiliate. 

  
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 “Net Asset Sale Proceeds” means, with respect to any Asset Sale, an amount equal
to: (i) cash payments (including any cash received by way of deferred payment pursuant to, or by monetization of, a note receivable or otherwise, but only as and when so received) received by Holdings or any of its Subsidiaries from such
Asset Sale, minus (ii) any bona fide direct costs incurred in connection with such Asset Sale, including (a) income or gains taxes payable by the seller as a result of any gain recognized in connection with such Asset Sale, (b) payment
of the outstanding principal amount of, premium or penalty, if any, and interest on any Indebtedness (other than the Loans and Indebtedness that is secured by a Lien on Term Loan/Notes Exclusive Collateral on a basis that is pari passu with
or junior to the Loans) that is secured by a Lien on the stock or assets in question and that is required to be repaid under the terms thereof as a result of such Asset Sale and (c) a reasonable reserve for any indemnification payments (fixed or
contingent) attributable to seller’s indemnities and representations and warranties to purchaser in respect of such Asset Sale undertaken by Holdings or any of its Subsidiaries in connection with such Asset Sale; provided that upon
release of any such reserve to Holdings or any of its Subsidiaries, the amount released shall be considered Net Asset Sale Proceeds. 

“Net Insurance/Condemnation Proceeds” means an amount equal to: (i) any cash payments or proceeds received by
Holdings or any of its Subsidiaries (a) under any casualty insurance policy in respect of a covered loss thereunder with respect to an asset constituting Collateral or (b) as a result of the taking of any assets of Holdings or any of its
Subsidiaries constituting Collateral by any Person pursuant to the power of eminent domain, condemnation or otherwise, or pursuant to a sale of any such assets to a purchaser with such power under threat of such a taking, minus (ii) (a)
any actual and reasonable costs incurred by Holdings or any of its Subsidiaries in connection with the adjustment or settlement of any claims of Holdings or such Subsidiary in respect thereof, and (b) any bona fide direct costs incurred in
connection with any sale or transfer of such assets as referred to in clause (i)(b) of this definition, including income taxes payable as a result of any gain recognized in connection therewith. 

“Net Tangible Assets” means the aggregate amount at which the assets of Holdings and its Subsidiaries are reflected, in
accordance with GAAP as in effect on the Restatement Effective Date, on the asset side of the consolidated balance sheet, as of the end of the most recent Fiscal Quarter for which financial statements have been delivered pursuant to Section 5.1 (or
prior to delivery of such financial statements, on the asset side of the consolidated balance sheet as of the end of the most recent Fiscal Quarter (or Fiscal Year) with respect to which Historical Financial Statements have been delivered), of
Holdings and its Subsidiaries (after deducting all valuation and qualifying reserves relating to such assets), except any of the following described items that may be included among such assets (a) trademarks, patents, goodwill and similar
intangibles, (b) investments in and advances to Subsidiaries, and (c) capital lease property rights, after deducting from such amount current liabilities (other than deferred Tax effects) as reflected, in accordance with GAAP as in effect on the
Restatement Effective Date, on such balance sheet. 
 “Non-Consenting Lender” as defined in Section 2.23. 

“Non-Converting Loan” means each Original Loan other than a Converting Loan. 

“Non-Core Business Segment” means any business segment or separate department of the Credit Parties which contributed less
than 5% of Consolidated Adjusted EBITDA of the Credit Parties as of the fiscal year immediately prior to the date of such calculation. 

“Non-Defaulting Lender” means, at any time, each Lender that is not a Defaulting Lender at such time. 

  
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 “Non-Material Subsidiary” means, at any date of determination, any Subsidiary of
Holdings that is not a Material Subsidiary. 
 “Non-Public Information” means material non-public information (within the
meaning of United States federal, state or other applicable securities laws) with respect to Borrower or its Affiliates or their Securities. 

“Non-Public Lenders” means Lenders that wish to receive Non-Public Information with respect to Holdings, its Subsidiaries or
their Securities. 
 “Non-US Lender” as defined in Section 2.20(c).

 “Note” means a promissory note in the form of Exhibit B, as it may be amended, restated, supplemented or otherwise
modified from time to time. 
 “Notice” means a Funding Notice or a Conversion/Continuation Notice. 

“NYFRB” means the Federal Reserve Bank of New York. 

“NYFRB Rate” means, for any day, the greater of (a) the Federal Funds Effective Rate in effect on such day and (b) the
Overnight Bank Funding Rate in effect on such day (or for any day that is not a Business Day, for the immediately preceding Business Day); provided that if none of such rates are published for any day that is a Business Day, the term
“NYFRB Rate” means the rate for a federal funds transaction quoted at 11:00 a.m. on such day received to the Administrative Agent from a Federal funds broker of recognized standing selected by it; provided, further, that if
any of the aforesaid rates shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement. 

“Obligations” means all obligations of every nature of each Credit Party, including obligations from time to time owed to
Secured Parties or any of them under any Credit Document, whether for principal, interest (including interest, fees and other amounts which, but for the filing of a petition in bankruptcy with respect to such Credit Party, would have accrued on any
Obligation, whether or not a claim is allowed against such Credit Party for such interest, fees and other amounts in the related bankruptcy proceeding), premiums, fees, expenses, indemnification or otherwise. 

“Obligee Guarantor” as defined in Section 7.7. 

“Off-Balance Sheet Liability” of a Person means (a) any repurchase obligation or liability of such Person with respect to
accounts or notes receivable sold by such Person or (b) any indebtedness, liability or obligation under any so-called “synthetic lease” transaction entered into by such Person. For the avoidance of doubt, any preferred Equity Interests
(other than any Disqualified Equity Interests) of any Person that are convertible into common Equity Interests (other than any Disqualified Equity Interests) of such Person shall not constitute an Off-Balance Sheet Liability of such Person. 

“Operating Cash Threshold” means $750,000,000. 

“Organizational Documents” means (i) with respect to any corporation or company, its certificate, memorandum or articles of
incorporation, organization or association, as amended, and its by-laws, as amended, (ii) with respect to any limited partnership, its certificate or declaration of limited partnership, as amended, and its
partnership agreement, as amended, (iii) with respect to any general partnership, its partnership agreement, as amended, and (iv) with respect to any limited liability company, its articles of organization, as amended, and its operating agreement,
as amended. In the event any term 

  
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or condition of this Agreement or any other Credit Document requires any Organizational Document to be certified by a secretary of state or similar governmental official, the reference to any
such Organizational Document shall only be to a document of a type customarily certified by such governmental official. 
 “Original
Credit Agreement” as defined in the recitals hereto. 
 “Original Lender” means a Lender that holds Original Loans
immediately prior to the Restatement Effective Date. 
 “Original Loan” means each “Loan” as defined in the
Original Credit Agreement that is outstanding immediately prior to the Restatement Effective Date. 
 “Other Connection
Taxes” means, with respect to any Recipient, Taxes imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising solely from such Recipient having
executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Credit Document, or sold or assigned an
interest in any Loan or Credit Document). 
 “Other Taxes” means any and all present or future stamp or documentary
Taxes or any other excise or property Taxes, charges or similar levies (and interest, fines, penalties and additions related thereto) arising from any payment made hereunder or from the execution, delivery or enforcement of, or otherwise with
respect to, this Agreement or any other Credit Document. 
 “Overnight Bank Funding Rate” means, for any day, the rate
comprised of both overnight federal funds and overnight Eurodollar borrowings by U.S.-managed banking offices of depository institutions, as such composite rate shall be determined by the NYFRB as set forth on its public website from time to time,
and published on the next succeeding Business Day by the NYFRB as an overnight bank funding rate. 
 “Pari Passu Intercreditor
Agreement” means an intercreditor agreement substantially in the form of Exhibit J-2 by and among the Collateral Agent, the Administrative Agent, the 2016 Notes Trustee and any other parties thereto from time to time. 

“Participant Register” as defined in Section 10.6(g)(i). 

“PATRIOT Act” as defined in Section 3.1(l). 

“Pay” means, in respect of any Indebtedness or Equity Interest, to pay, prepay, purchase, repurchase, redeem, retire,
cancel or terminate such Indebtedness or Equity Interest other than (i) in exchange for Equity Interests that are not Disqualified Equity Interests (plus cash in lieu of fractional shares of such Equity Interests) and (ii) payment of interest with
respect to Indebtedness or Equity Interests and accrued dividends paid pro rata to all holders of such class or series of Equity Interests. The words “Payment” and “Payable” shall have meanings correlative to the
foregoing. 
 “PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in ERISA and any successor
entity performing similar functions. 
 “Permitted Additional Debt” means Indebtedness of one or more of the Credit Parties
in the form of (x) debt securities that are secured on a pari passu basis with or junior lien basis to the 

  
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Obligations or that are unsecured or (y) loans that are secured on a junior lien basis to the Obligations or that are unsecured; provided that, in each case (i) such Indebtedness is not
guaranteed by any Subsidiary of Holdings that is not a Credit Party, (ii) any Liens securing such Indebtedness are limited solely to assets constituting Collateral, (iii) such Indebtedness shall have a final maturity no earlier than the Latest
Maturity Date at the time such Indebtedness is issued, (iv) such Indebtedness does not have any scheduled amortization prior to the Latest Maturity Date at the time such Indebtedness is issued and (v) such Indebtedness shall not have mandatory
prepayment provisions that are more favorable to the holders of such Indebtedness than the mandatory prepayment provisions applicable to the Loans or covenants and events of default that are more favorable to the holders of such Indebtedness, taken
as a whole, than the covenants and Events of Default set forth in this Agreement (provided that a certificate of Borrower as to the satisfaction of the conditions described in this clause (v) delivered at least five (5) Business Days prior to
the incurrence of such Indebtedness, together with a reasonably detailed description of the material terms and conditions of such Indebtedness or drafts of documentation relating thereto, stating that Borrower has determined in good faith that such
terms and conditions satisfy the foregoing requirements of this clause (v), shall be conclusive unless Administrative Agent notifies Borrower within such five (5) Business Day period that it disagrees with such determination (including a description
of the basis upon which it disagrees)). 
 “Permitted Encumbrances” means: 

(a) Liens imposed by law for Taxes, assessments or governmental charges or levies that, in each case, are not overdue by more
than 30 days or are being contested in compliance with Section 5.3; 
 (b) carriers’, warehousemen’s,
mechanics’, landlords’, materialmen’s, repairmen’s and other like Liens imposed by law, arising in the ordinary course of business and securing obligations that are not overdue by more than 30 days (or, in the case of a
landlords’ Lien, beyond any notice and cure period under the applicable real property lease) or are being contested in compliance with Section 5.3; 

(c) pledges and deposits made in the ordinary course of business in compliance with workers’ compensation, unemployment
insurance, employers’ health taxes and other social security laws or regulations or similar legislation or to secure letters of credit, bank guarantees or similar instruments supporting such obligations; 

(d) pledges or deposits to secure the performance of bids, trade contracts, leases, statutory obligations, surety and appeal
bonds, performance bonds or obligations to insurance carriers and other obligations of a like nature, in each case in the ordinary course of business or to secure letters of credit, bank guarantees or similar instruments supporting such obligations;

 (e) judgment liens in respect of judgments that do not constitute an Event of Default under clause (h) of Section 8.1;

 (f) easements, restrictions (including zoning restrictions), rights-of-way and other encumbrances, title defects and
matters of record affecting real property that do not materially detract from the value of the Collateral, taken as a whole, or interfere with the ordinary conduct of business of Holdings and its Subsidiaries, taken as a whole; 

(g) the special property interest of a consignor in respect of goods subject to consignment; 

  
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 (h) Liens (i) in favor of banks, other financial institutions, securities or
commodities intermediaries or brokerage arising as a matter of law encumbering deposits of cash, securities, commodities and other funds maintained with such Persons (including rights of set off) and that are within the general parameters customary
in such Person’s industry, (ii) deemed to exist in connection with investments in repurchase agreements described in clause (d) of the definition of “Permitted Investments”, (iii) attaching to commodity trading accounts or other
brokerage accounts in the ordinary course of business securing obligations owed to the institutions with which such accounts are maintained, (iv) that are contractual rights of setoff (x) relating to the establishment of depository relations with
banks or other deposit-taking financial institutions in the ordinary course of business and not given in connection with the issuance of Indebtedness or (y) relating to pooled deposit or sweep accounts of Holdings or any of its Subsidiaries to
permit satisfaction of overdraft or similar obligations incurred in the ordinary course of business and (v) that are rights of set-off (or holdbacks or reserves established by a credit card issuer or processor) against credit balances of Holdings or
any of its Subsidiaries with credit card issuers or credit card processors or amounts owing by such credit card issuers or credit card processors to Holdings or any of its Subsidiaries, or Liens on returned merchandise in favor of such issuers or
processors, in each case in the ordinary course of business, but not rights of set-off against any other property or assets of Holdings or any of its Subsidiaries pursuant to agreements with credit card issuers or credit card processors to secure
the obligations of Holdings or any of its Subsidiaries to credit card issuers or credit card processors as a result of fees and chargebacks; 

(i) Liens of a collecting bank under Section 4-210 of the UCC in effect in the relevant jurisdiction (or Section 4-208 in the
case of the New York UCC) on items in the course of collection; 
 (j) Liens of sellers of goods to Holdings or a Subsidiary
arising as a matter of law under Article 2 of the UCC in effect in the relevant jurisdiction or similar provisions of applicable law, in each case in the ordinary course of business; 

(k) licenses of patents, trademarks and other intellectual property rights of Holdings or any of its Subsidiaries, in each case
in the ordinary course of business and not materially interfering with the conduct of business by Holdings and its Subsidiaries, taken as a whole; 

(l) Liens solely on any cash earnest money deposits made by Holdings or any of its Subsidiaries in connection with any letter
of intent or purchase agreement entered into by it; 
 (m) Liens incurred in the ordinary course of business in connection
with the shipping of goods on the related goods and proceeds thereof in favor of the shipper of such goods; 
 (n) as to any
Leasehold Property, any Lien encumbering the underlying fee estate or master or primary lease in connection therewith so long as such fee estate or landlord (or similar) interest is not held by a Person that is a Credit Party or an Affiliate of any
Credit Party; and 
 (o) any matters affirmatively insured over or exceptions noted in the final title polices issued in
connection with the Mortgages; 
 provided that the term “Permitted Encumbrances” shall not include any Lien securing Indebtedness for
borrowed money. 

  
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 “Permitted Indebtedness” means: 

(a) obligations incurred by Holdings or any Subsidiary arising from agreements providing for customary indemnification,
earnouts, adjustment of purchase price, non-compete, consulting or other similar obligations, in each case arising in connection with acquisitions or dispositions of any business, assets or subsidiary of Holdings or such Subsidiary permitted
hereunder; 
 (b) Indebtedness in respect of (i) the financing of insurance premiums or (ii) take-or-pay or minimum buy
obligations contained in supply agreements, in each case incurred in the ordinary course of business; 
 (c) obligations in
respect of deferred compensation to employees of Holdings and its Subsidiaries in the ordinary course of business; 
 (d) (i)
obligations of Holdings or any Subsidiary incurred in the ordinary course of business in respect of performance guarantees, completion guarantees, performance bonds, bid bonds, appeal bonds, surety bonds, judgment bonds, replevin bonds and similar
bonds, self-insurance and other similar obligations to the extent any such obligations constitute Indebtedness and (ii) obligations in respect of letters of credit, bank guarantees or similar instruments supporting any such obligations or
obligations described in clauses (c) and (d) of the definition of “Permitted Encumbrances”; 
 (e) customer
deposits and advance payments received in the ordinary course of business from customers for goods purchased in the ordinary course of business; and 

(f) Indebtedness incurred in the ordinary course of business in respect of cash management; netting services; automatic
clearinghouse arrangements; employee credit card, debit card, prepaid card, purchase card or other payment card programs; overdraft protections and other bank products and similar arrangements and Indebtedness arising from the honoring by a bank or
other financial institution of a check, draft or similar instrument of Holdings or a Subsidiary drawn against insufficient funds in the ordinary course of business that is promptly repaid. 

“Permitted Investments” means: 

(a) direct obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the United
States of America (or by any agency or instrumentality thereof); 
 (b) investments in commercial paper maturing no more than
one year from the date of creation thereof and having, at the time of the acquisition thereof, a credit rating of at least A2 from S&P, P2 from Moody’s or F2 from Fitch; 

(c) investments in certificates of deposit, banker’s acceptances and time deposits issued or guaranteed by or placed with,
and money market deposit accounts issued or offered by, (i) any domestic or offshore office of any commercial bank organized under the laws of the United States of America or any State thereof, (ii) any office located within the United States of
America or in a foreign jurisdiction that has a tax treaty with the United States of America of a commercial bank organized under the laws of another country or (iii) any office located in London of any commercial bank organized under the laws of
the United States of America, any Asian country or any European country, in each case which, at the time of acquisition, has a 

  
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combined capital and surplus and undivided profits of not less than $500,000,000; provided, however, that investments with any bank that has a combined capital and surplus and
undivided profits of less than $500,000,000 are permitted if Borrower maintains a banking relationship with such bank; 
 (d)
collateralized repurchase agreements with a term of not more than 365 days and entered into with a financial institution satisfying the criteria described in clause (c) above or any ABL Lender or any Affiliate of an ABL Lender (i) that has a
combined capital and surplus and undivided profits of not less than $500,000,000 or (ii) whose obligations under any such agreements is guaranteed by an entity that has a combined capital and surplus and undivided profits of not less than
$500,000,000; and 
 (e) money market funds that (i) comply with the criteria set forth in Securities and Exchange Commission
Rule 2a-7 under the Investment Company Act of 1940 and (ii) have portfolio assets of at least $3,000,000,000; provided, that investments in any money market fund with portfolio assets of less than $3,000,000,000 are permitted if such fund has
received a rating of AAA from S&P or Aaa from Moody’s. 
 “Permitted Liens” means each of the Liens permitted
pursuant to Section 6.2. 
 “Permitted Long-Term Indebtedness” means unsecured Indebtedness for borrowed money of Holdings
or Borrower (and guarantees thereof by Holdings or Borrower); provided that (a) such Indebtedness shall mature later than, and shall not be subject to any scheduled payment of principal, mandatory sinking fund requirement or similar
unconditional repayment obligation prior to, 90 days following the Latest Maturity Date (measured as of the time that such Indebtedness is incurred), (b) such Indebtedness shall not be subject to any terms requiring any obligor of such
Indebtedness to Pay (or offer to Pay) such Indebtedness other than (i) pursuant to scheduled payments of principal that comply with clause (a) above and (ii) pursuant to Customary Mandatory Prepayment Terms, and (c) no additional direct or
contingent obligors other than Holdings or Borrower may become liable in respect of such Indebtedness at any time. 
 “Permitted
Supply Chain Financing” as defined in Section 6.1(m). 
 “Person” means and includes natural persons,
corporations, limited partnerships, general partnerships, limited liability companies, limited liability partnerships, joint stock companies, joint ventures, associations, companies, trusts, banks, trust companies, land trusts, business trusts or
other organizations, whether or not legal entities, and Governmental Authorities. 
 “Plan” means any pension plan (other
than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA that is maintained, sponsored or contributed to by Holdings or any ERISA Affiliate. 

“Platform” as defined in Section 5.1(m). 

“Pledge and Security Agreement” means the Amended and Restated Pledge and Security Agreement to be executed by Borrower, each
Guarantor and Collateral Agent, substantially in the form of Exhibit H, as it may be amended, restated, supplemented or otherwise modified from time to time. 

“Prime Rate” means the rate of interest per annum determined by Administrative Agent as its prime rate in effect at
its principal office in New York City and notified to Borrower, as in effect from time to time. The Prime Rate is a reference rate and does not necessarily represent the lowest or best rate actually charged to any customer. Administrative
Agent or any other Lender may make commercial loans or other loans at rates of interest at, above or below the Prime Rate. 

  
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 “Principal Office” means Administrative Agent’s “Principal
Office” as set forth on Appendix B, or such other office or office of a third party or sub-agent, as appropriate, as Administrative Agent may from time to time designate in writing to Borrower and each Lender. 

“Pro Rata Share” means, with respect to all payments, computations and other matters relating to the Loan of any Lender, the
percentage obtained by dividing (a) the Loan Exposure of that Lender by (b) the aggregate Loan Exposure of all Lenders. For all other purposes with respect to each Lender, “Pro Rata Share” means the percentage obtained by
dividing (A) an amount equal to the sum of the Loan Exposure of that Lender, by (B) an amount equal to the sum of the aggregate Loan Exposure of all Lenders. 

“Property Companies” means JC Penney Properties and JCP Real Estate Holdings, and “Property Company” means
either of them. 
 “Public Lenders” means Lenders that do not wish to receive Non-Public Information with respect to
Holdings, its Subsidiaries or their Securities. 
 “Purchasing” means J. C. Penney Purchasing Corporation, a New York
corporation. 
 “Real Estate Asset” means, at any time of determination, any interest (fee, leasehold or otherwise) then
owned by any Credit Party in any real property. 
 “Realty Company” means each of JCP Realty, LLC and its Subsidiaries that
is principally engaged in the business of owning real estate and/or real estate-related interests. 
 “Recipient” means (a)
Administrative Agent, (b) Collateral Agent and (c) any Lender, as applicable. 
 “Record Document” means, with respect to
any Leasehold Property, (i) the lease evidencing such Leasehold Property or a memorandum thereof, executed and acknowledged by the owner of the affected real property, as lessor, or (ii) if such Leasehold Property was acquired or subleased from the
holder of a Recorded Leasehold Interest, the applicable assignment or sublease document, executed and acknowledged by such holder, in each case in form sufficient to give such constructive notice upon recordation and otherwise in form reasonably
satisfactory to Administrative Agent. 
 “Recorded Leasehold Interest” means a Leasehold Property with respect to which a
Record Document has been recorded in all places necessary or desirable, in Administrative Agent’s reasonable judgment, to give constructive notice of such Leasehold Property to third-party purchasers and
encumbrancers of the affected real property. 
 “Refinance” means, in respect of any indebtedness, to extend, refinance,
renew or replace, defease or refund such indebtedness, in each case, in whole or in part and/or with the same or different lenders, agents or arrangers and including any increase in the principal amount of the loans and commitments provided
thereunder to the extent such increase is otherwise permitted hereunder. “Refinanced” and “Refinancing” shall have correlative meanings. 

  
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 “Refinancing Amendment” means an amendment to this Agreement executed by (a)
each Credit Party, (b) Administrative Agent, (c) each Additional Refinancing Lender and (d) each Lender that agrees to provide any portion of Refinancing Loans incurred pursuant thereto, in accordance with Section 2.24. 

“Refinancing Commitments” means one or more Classes of Commitments hereunder that are established to fund Refinancing Loans
hereunder pursuant to a Refinancing Amendment. 
 “Refinancing Debt Proceeds” means the net cash proceeds received by any
Credit Party from any Refinancing Loans or from any Permitted Additional Debt incurred in reliance on Section 6.1(k) after deducting therefrom all reasonable costs and expenses of the Credit Parties in connection with the issuance of such
Indebtedness (including arrangement and underwriting fees, upfront fees and fees and expenses of counsel and other professionals in connection therewith). 

“Refinancing Loans” means one or more Classes of Loans hereunder that result from a Refinancing Amendment. 

“Refinancing Series” means Refinancing Loans having the same terms and specified to constitute a single Class of Loans for
purposes of this Agreement in the applicable Refinancing Amendment. 
 “Register” as defined in Section 2.7(b). 

“Regulation D” means Regulation D of the Board of Governors, as in effect from time to time and all
official rulings and interpretations thereunder or thereof. 
 “Regulation T” means Regulation T of
the Board of Governors, as in effect from time to time and all official rulings and interpretations thereunder or thereof. 

“Regulation U” means Regulation U of the Board of Governors, as in effect from time to time and all
official rulings and interpretations thereunder or thereof. 
 “Regulation X” means Regulation X of
the Board of Governors, as in effect from time to time and all official rulings and interpretations thereunder or thereof. 

“Related Fund” means, with respect to any Lender that is an investment fund, any other investment fund that invests in
commercial loans and that is managed or advised by the same investment advisor as such Lender or by an Affiliate of such investment advisor. 

“Release” means any release, spill, emission, leaking, pumping, pouring, injection, escaping, deposit, disposal, discharge,
dispersal, dumping, leaching or migration of any Hazardous Material into the environment (including the abandonment or disposal of any barrels, containers or other closed receptacles containing any Hazardous Material), including the movement of any
Hazardous Material through the outdoor air, soil, surface water or groundwater. 
 “Replacement Lender” as defined in
Section 2.23. 
 “Repricing Event” as defined in Section 2.13(b). 

“Required Prepayment Date” as defined in Section 2.15(c). 

  
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 “Requisite Lenders” means one or more Lenders having or holding Loan Exposure
and representing more than 50% of the aggregate Loan Exposure of all Lenders; provided that, with respect to any Defaulting Lender, Requisite Lenders shall be determined by disregarding the Loan Exposure of such Defaulting Lender. 

“Restatement Agreement” means the Restatement Agreement to the Original Credit Agreement dated June 23, 2016, by and
among the Borrower, the other Credit Parties, Administrative Agent, the Lenders party thereto and the other parties party thereto. 

“Restatement Effective Date” as defined in the Restatement Agreement. 

“Restatement Effective Date Certificate” means a Restatement Effective Date Certificate substantially in the form of
Exhibit F. 
 “Restatement Effective Date Mortgaged Property” means the Material Real Estate Assets listed on Schedule
5.16(a)(i). 
 “Restatement Effective Date Refinancing” means (i) the repayment of the Non-Converting Loans and (ii) the
incurrence of the Initial Loans and issuance of the 2016 Notes. 
 “Restricted Payment” means (a) any dividend or
other distribution (whether in cash, securities or other property) with respect to any Equity Interests in Holdings or any Subsidiary, (b) any payment (whether in cash, securities or other property), including any sinking fund or similar
deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any Equity Interests in Holdings or any Subsidiary, (c) any payment made in connection with the conversion of any convertible Indebtedness
into Equity Interests in Holdings or any Subsidiary and that constitutes a “net settlement” in respect of any such Equity Interests that would have been issuable upon such conversion on account of the principal of such Indebtedness, or
(d) any payment made on account of a “call spread”, “capped call” or similar transaction relating to an issuance of Indebtedness or preferred Equity Interests convertible into, or by reference to, Equity Interests in
Holdings or any Subsidiary; provided that a dividend, distribution or payment to the extent payable in Equity Interests (other than Disqualified Equity Interests) in Holdings shall not constitute a Restricted Payment. 

“S&P” means Standard & Poor’s, a Division of The McGraw-Hill Companies, Inc. 

“Sale/Leaseback Transaction” as defined in Section 6.10. 

“Secured Parties” means the Agents, the Lenders and the Indemnitees. 

“Secured Supply Chain Obligations” means the due and punctual payment and performance of all obligations of each Credit Party
to an ABL Lender or an Affiliate of an ABL Lender under any Permitted Supply Chain Financing, to the extent the documentation for such obligations specifically provides that such ABL Lender or Affiliate of an ABL Lender is entitled to be secured
under the “Collateral Agreement” (as defined in the ABL Credit Agreement). 
 “Securities” means any stock,
shares, partnership interests, voting trust certificates, certificates of interest or participation in any profit-sharing agreement or arrangement, options, warrants, bonds, debentures, notes, or other
evidences of indebtedness, secured or unsecured, convertible, subordinated or otherwise, or in general any instruments commonly known as “securities” or any certificates of interest, shares or participations in temporary or interim
certificates for the purchase or acquisition of, or any right to subscribe to, purchase or acquire, any of the foregoing. 

  
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 “Securities Act” means the Securities Act of 1933, as amended from time to time,
and any successor statute. 
 “Senior Indentures” means the 1994 Indenture, the 2014 Indenture, the 2016 Indenture and the
2023 Indenture. 
 “Senior Managing Agents” means each of Citizens Bank, National Association, Regions Bank and HSBC Bank
USA, N.A. 
 “Senior Secured Leverage Ratio” means the ratio as of the last day of any Fiscal Quarter of (i) any
Consolidated Total Debt that is secured by a Lien upon any real or personal property or other assets of Holdings, Borrower or any Subsidiary as of such date to (ii) Consolidated Adjusted EBITDA for the
four-Fiscal Quarter period ending on such date. 
 “Solvent” means, with respect to
any Credit Party, that as of the date of determination, (a) the sum of such Credit Party’s debt (including contingent liabilities) does not exceed the present fair saleable value of such Credit Party’s present assets; (b) such Credit
Party’s capital is not unreasonably small in relation to its business as contemplated on the Restatement Effective Date or with respect to any transaction contemplated to be undertaken after the Restatement Effective Date; and (c) such Person
has not incurred and does not intend to incur, or believe (nor should it reasonably believe) that it will incur, debts beyond its ability to pay such debts as they become due (whether at maturity or otherwise). For purposes of this definition, the
amount of any contingent liability at any time shall be computed as the amount that, in light of all of the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability
(irrespective of whether such contingent liabilities meet the criteria for accrual under Statement of Financial Accounting Standards No. 5). 

“Specified Assets” means the Material Real Estate Assets identified to the Administrative Agent as “Specified
Assets” pursuant to Section 5.16(b) on or prior to the Restatement Effective Date. 
 “Stockholders’ Equity”
means the sum, as at the close of a monthly accounting period (selected by Holdings) ending within 65 days next preceding the date of determination, of (a) the aggregate of capital, capital stock, capital surplus, capital in excess of par value of
stock, reinvested earnings, earned surplus and net income retained for use in the business (however the foregoing may be designated), after deducting the cost of shares of capital stock of Holdings held in its treasury, of Holdings and its
consolidated Subsidiaries, determined in accordance with generally accepted accounting practices applied on the basis used in reports from time to time to stockholders of Holdings, plus (b) the amount reflected in such determination as deferred tax
effects. For purposes of this definition, “Subsidiary” means (i) any corporation of which Holdings, directly or indirectly, owns more than 50% of the outstanding stock, which at the time shall have by the terms thereof ordinary voting
power to elect directors of such corporation, irrespective of whether or not at the time stock of any other class or classes of such corporation shall have or might have voting power by reason of the happening of any contingency, or (ii) any such
corporation of which such percentage of shares of outstanding stock of the character described in the foregoing clause (i) shall at the time be owned, directly or indirectly, by Holdings and one or more Subsidiaries as defined in the foregoing
clause (i) or by one or more such Subsidiaries. 
 “Subsidiary” means, with respect to any Person (the “parent”)
at any date, any corporation, limited liability company, partnership, association or other entity the accounts of which would be consolidated with those of the parent in the parent’s consolidated financial statements if such financial
statements were prepared in accordance with GAAP as of such date, as well as any other corporation, limited liability company, partnership, association or other entity of which securities or other ownership

  
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interests representing more than 50% of the ordinary voting power or, in the case of a partnership, more than 50% of the general partnership interests are, as of such date, owned or held;
provided that Excluded Subsidiaries shall not be considered “Subsidiaries” of Holdings or Borrower for purposes hereof. 

“Swap Agreement” means any agreement with respect to any swap, forward, future or derivative transaction or option or similar
agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic, financial or pricing risk or value or any
similar transaction or any combination of these transactions; provided that no phantom stock or similar plan providing for payments only on account of services provided by current or former directors, officers, employees or consultants of
Holdings or the Subsidiaries shall be a Swap Agreement. For the avoidance of doubt, “Swap Agreement” will include a swap transaction pursuant to which the obligations of the applicable Credit Party to make scheduled payments thereunder are
deferred (including, without limitation, payment obligations that are deferred to the scheduled termination date of such transaction so that such Credit Party makes a single payment thereunder on such scheduled termination date). 

“Tax” means any present or future tax, levy, impost, duty, deduction, withholding (including backup withholding), assessment,
fee or other charge imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“TBA/Vacant Parcel” means each tire, battery and automotive location or vacant portion of any parcel. 

“Terminated Lender” as defined in Section 2.23. 

“Term Loan/Notes Document” as defined in the Pari Passu Intercreditor Agreement. 

“Term Loan/Notes Exclusive Collateral” as defined in the ABL Intercreditor Agreement. 

“Term Loan/Notes Secured Obligations” as defined in the Pari Passu Intercreditor Agreement. 

“Term Loan/Notes Secured Parties” as defined in the Pari Passu Intercreditor Agreement. 

“Term Loan Percentage” means, at any time, the principal amount of Loans then outstanding at such time, expressed as
percentage of the sum of the aggregate principal amount of Loans and other Term Loan/Notes Secured Obligations then outstanding. 

“Test Period” means, at any time, the most recent period of 12 consecutive fiscal months of Holdings ended on or prior to
such time (taken as one accounting period) for which financial statements have been (or were required to be) delivered pursuant to Section 5.1(a) or (b). 

“Title Company” means Commonwealth Land Title Company or any other national title insurance provider retained by the Borrower
and reasonably acceptable to the Administrative Agent. 
 “Title Policy” as defined in Section 5.16(a)(iii). 

“Title Policy Property” means the Material Real Estate Assets listed on Schedule 5.16(a)(iii). 

“Transactions” means (i) the execution and delivery by each Credit Party of the Credit Documents entered into on the
Restatement Effective Date to which it is or is to be a party, (ii) the funding of (and conversion to) the Initial Loans hereunder and (iii) the Restatement Effective Date Refinancing. 

  
 -36- 

 “Type of Loan” means a Base Rate Loan or a Eurodollar Rate Loan. 

“UCC” means the Uniform Commercial Code as in effect in the State of New York or, when the laws of any other jurisdiction
govern the perfection or enforcement of any security interest, the Uniform Commercial Code of such jurisdiction. 
 “U.S.
Lender” as defined in Section 2.20(c). 
 “Unfunded Pension Liability” means the excess of a Plan’s benefit
liabilities under Section 4001(a)(16) of ERISA, over the current value of that Plan’s assets, determined in accordance with the assumptions used for funding the Plan pursuant to Section 412 of the Code for the applicable plan year. 

“Waivable Mandatory Prepayment” as defined in Section 2.15(c). 

“Withdrawal Liability” means liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such
Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA. 
 “Write-Down and Conversion
Powers” means, with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and
conversion powers are described in the EU Bail-In Legislation Schedule. 
 1.2. Accounting Terms. 

(a) Except as otherwise expressly provided herein, all terms of an accounting or financial nature shall be construed in accordance with GAAP,
as in effect from time to time; provided that (i) for purposes of determining compliance with any provision of this Agreement, the determination of whether a lease is to be treated as an operating lease or capital lease shall be made without
giving effect to any change in accounting for leases pursuant to GAAP after the date hereof and (ii) if Holdings or Borrower notifies Administrative Agent that Holdings or Borrower requests an amendment to any provision hereof to eliminate the
effect of any change occurring after the Restatement Effective Date in GAAP or in the application thereof on the operation of such provision (or if Administrative Agent notifies Holdings or Borrower that the Requisite Lenders request an amendment to
any provision hereof for such purpose), regardless of whether any such notice is given before or after such change in GAAP or in the application thereof, then such provision shall be interpreted on the basis of GAAP as in effect and applied
immediately before such change shall have become effective until such notice shall have been withdrawn or such provision amended in accordance herewith. It is understood that all financial computations hereunder with respect to Holdings and the
Subsidiaries (including computations of Consolidated Adjusted EBITDA and Net Tangible Assets) shall be made excluding the accounts of all Excluded Subsidiaries. 

(b) All pro forma computations of the Fixed Charge Coverage Ratio required to be made hereunder giving effect to any incurrence of
Indebtedness, investment, acquisition, disposition, Restricted Payment, payment in respect of Indebtedness or other transaction shall be calculated after giving pro forma effect thereto (and, in the case of any pro forma computations made hereunder
to determine whether any such transaction is permitted to be consummated hereunder, to any incurrence of Indebtedness, investment, acquisition, disposition, Restricted Payment, payment in respect of 

  
 -37- 

 
Indebtedness or other such transaction consummated since the first day of the period covered by any component of such pro forma computation and on or prior to the date of such computation) as if
each such transaction had occurred on the first day of the applicable Test Period, and, to the extent applicable, to the historical earnings and cash flows associated with the assets acquired or disposed of and any related incurrence or reduction of
Indebtedness, all in accordance with Article 11 of Regulation S-X under the Securities Act. If any Indebtedness bears a floating rate of interest and is being given pro forma effect, the interest on such Indebtedness shall be calculated as if the
rate in effect on the date of determination had been the applicable rate for the entire period (taking into account any Swap Agreement applicable to such Indebtedness if such Swap Agreement has a remaining term in excess of 12 months). 

1.3. Interpretation, Etc. Any of the terms defined herein may, unless the context otherwise requires, be used in the singular or the
plural, depending on the reference. References herein to any Section, Appendix, Schedule or Exhibit shall be to a Section, an Appendix, a Schedule or an Exhibit, as the case may be, hereof unless otherwise specifically provided. 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. The terms lease and license shall include sub-lease and sub-license, as applicable. If any report, certificate or other information required to
be furnished by Borrower or any other Credit Party is due on any day that is not a Business Day, it shall be deemed due on the next succeeding Business Day. 

1.4. Effect of this Agreement on the Original Credit Agreement and the Other Existing Credit Documents. Upon satisfaction of the
conditions precedent to the effectiveness of this Agreement set forth in the Restatement Agreement, this Agreement shall be binding on Borrower, the other Credit Parties, Administrative Agent, the Lenders and the other parties party hereto, and the
Original Credit Agreement and the provisions thereof shall be replaced in their entirety by this Agreement and the provisions hereof; provided that for the avoidance of doubt (a) the Obligations (as defined in the Original Credit Agreement)
of Borrower and the other Credit Parties under the Original Credit Agreement and the other Credit Documents that remain unpaid and outstanding as of the date of this Agreement shall continue to exist under and be evidenced by this Agreement and the
other Credit Documents and (b) the Collateral and the Credit Documents shall continue to secure, guarantee, support and otherwise benefit the Obligations on the same terms as prior to the effectiveness hereof. Upon the effectiveness of this
Agreement, each Credit Document (other than the Original Credit Agreement) that was in effect immediately prior to the date of this Agreement shall continue to be effective on its terms unless otherwise expressly stated herein or therein. 

 

	 	SECTION 2.	LOANS 

 2.1. Loans. 

(a) Commitments. Subject to the terms and conditions hereof, and upon the satisfaction or waiver of each of the conditions set
forth in Section 3.1, 
 (i) Each Converting Loan of each Converting Lender shall automatically be hereby converted to a like
principal amount of Initial Loans on the Restatement Effective Date. All accrued and unpaid interest on the Converting Loans to, but not including, the Restatement Effective Date shall be payable on the Restatement Effective Date, but no amounts
under Section 2.18(c) of the Original Credit Agreement shall be payable in connection with such conversion; and 
 (ii)
Each Lender severally agrees to make Initial Loans denominated in Dollars to the Borrower on the Restatement Effective Date in an aggregate amount equal to the amount of such Lender’s Commitment. The Borrower shall prepay the aggregate
principal amount of the Non-Converting Loans substantially concurrently with the receipt of the proceeds of the Initial Loans. All accrued and unpaid interest on the Non-Converting Loans to, but not including, the Restatement Effective Date shall be
payable on the Restatement Effective Date, and Borrower will make any payments required under Section 2.18(c) of the Original Credit Agreement with respect to the Non-Converting Loans in accordance therewith. On and as of the Restatement
Effective Date, upon the repayment of the Non-Converting Loans of such Original Lender, accrued and unpaid interest thereon and any other amounts due and owing thereto pursuant to the Original Credit Agreement, such Original Lender shall cease to be
a Lender hereunder for all purposes. 

  
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 Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject
to Sections 2.13(a) and 2.14, all amounts owed hereunder with respect to the Loans shall be paid in full no later than the Maturity Date applicable to such Loans. Each Lender’s Commitment shall terminate immediately and without further
action after giving effect to the funding of such Lender’s Commitment. 
 (b) Borrowing Mechanics for Loans. 

(i) Borrower shall deliver to Administrative Agent a fully executed Funding Notice no later than (x) the requested Credit Date
with respect to Base Rate Loans and (y) three days prior to the requested Credit Date with respect to Eurodollar Rate Loans (or such shorter period as may be acceptable to Administrative Agent). Promptly upon receipt by Administrative Agent of such
Funding Notice, Administrative Agent shall notify each Lender of the proposed borrowing. 
 (ii) Each Lender shall make its
Loan available to Administrative Agent not later than 12:00 p.m. (New York City time) on the requested Credit Date, by wire transfer of same day funds in Dollars, at the principal office designated by Administrative Agent. Upon satisfaction or
waiver of the conditions precedent specified in Section 3 of the Restatement Agreement, Administrative Agent shall make the proceeds of such Loans available to Borrower on the requested Credit Date by causing an amount of same day funds in
Dollars equal to the proceeds of all such Loans received by Administrative Agent from Lenders to be credited to the account of Borrower at the principal office designated by Administrative Agent or to such other account as may be designated in
writing to Administrative Agent by Borrower. 
 2.2. [Reserved]. 

2.3. [Reserved]. 

2.4. [Reserved]. 

2.5. Pro Rata Shares; Availability of Funds. 

(a) Pro Rata Shares. All Initial Loans shall be made by Lenders simultaneously and proportionately to their respective Commitments, it
being understood that no Lender shall be responsible for any default by any other Lender in such other Lender’s obligation to make a Loan requested hereunder nor shall any Commitment of any Lender be increased or decreased as a result of a
default by any other Lender in such other Lender’s obligation to make a Loan requested hereunder. 

  
 -39- 

 (b) Availability of Funds. Unless Administrative Agent shall have been notified by any
Lender prior to the applicable Credit Date that such Lender does not intend to make available to Administrative Agent the amount of such Lender’s Loan requested on such Credit Date, Administrative Agent may assume that such Lender has made such
amount available to Administrative Agent on such Credit Date and Administrative Agent may, in its sole discretion, but shall not be obligated to, make available to Borrower a corresponding amount on such Credit Date. If such corresponding amount is
not in fact made available to Administrative Agent by such Lender, Administrative Agent shall be entitled to recover such corresponding amount on demand from such Lender together with interest thereon, for each day from such Credit Date until the
date such amount is paid to Administrative Agent, at the customary rate set by Administrative Agent for the correction of errors among banks for three Business Days and thereafter at the Base Rate. In the event that (i) Administrative Agent declines
to make a requested amount available to Borrower until such time as all applicable Lenders have made payment to Administrative Agent, (ii) a Lender fails to fund to Administrative Agent all or any portion of the Loans required to be funded by such
Lender hereunder prior to the time specified in this Agreement and (iii) such Lender’s failure results in Administrative Agent failing to make a corresponding amount available to Borrower on the Credit Date, at Administrative Agent’s
option, such Lender shall not receive interest hereunder with respect to the requested amount of such Lender’s Loans for the period commencing with the time specified in this Agreement for receipt of payment by Borrower through and including
the time of Borrower’s receipt of the requested amount. If such Lender does not pay such corresponding amount forthwith upon Administrative Agent’s demand therefor, Administrative Agent shall promptly notify Borrower and Borrower shall
immediately pay such corresponding amount to Administrative Agent together with interest thereon, for each day from such Credit Date until the date such amount is paid to Administrative Agent, at the rate payable hereunder for Base Rate Loans for
such Class of Loans. Nothing in this Section 2.5(b) shall be deemed to relieve any Lender from its obligation to fulfill its Commitments hereunder or to prejudice any rights that Borrower may have against any Lender as a result of any default
by such Lender hereunder. 
 2.6. Use of Proceeds. The proceeds of the Loans, together with the proceeds of the 2016 Notes, shall be
used to consummate the Restatement Effective Date Refinancing. 
 2.7. Evidence of Debt; Register; Lenders’ Books and Records;
Notes. 
 (a) Lenders’ Evidence of Debt. Each Lender shall maintain on its internal records an account or accounts
evidencing the Obligations of Borrower to such Lender, including the amounts of the Loans made by it and each repayment and prepayment in respect thereof. Any such recordation shall be conclusive and binding on Borrower, absent manifest error;
provided, that the failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitments or Borrower’s Obligations in respect of any applicable Loans; and provided further,
in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern. 
 (b)
Register. Administrative Agent (or its agent or sub-agent appointed by it) shall maintain at its Principal Office a register for the recordation of the names and addresses of Lenders and the Commitments and Loans of each Lender from time to
time (the “Register”). The Register shall be available for inspection by Borrower or any Lender (with respect to (i) any entry relating to such Lender’s Loans and (ii) the identity of the other Lender’s (but not any
information with respect to such other Lenders’ Loans)) at any reasonable time and from time to time upon reasonable prior notice. Administrative Agent shall record, or shall cause to be recorded, in the Register the Commitments and the Loans
in accordance with the provisions of Section 10.6, and each repayment or prepayment in respect of the principal amount of the Loans, and any such recordation shall be conclusive and binding on Borrower and each Lender, absent manifest error;
provided, failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitments or Borrower’s Obligations in respect of any 

  
 -40- 

 
Loan. Borrower hereby designates Administrative Agent to serve as Borrower’s agent solely for purposes of maintaining the Register as provided in this Section 2.7, and Borrower hereby agrees
that, to the extent Administrative Agent serves in such capacity, Administrative Agent and its officers, directors, employees, agents, sub-agents and affiliates shall constitute “Indemnitees.” 

(c) Notes. If so requested by any Lender by written notice to Borrower (with a copy to Administrative Agent) at least two Business Days
prior to the Restatement Effective Date, or at any time thereafter, Borrower shall execute and deliver to such Lender (and/or, if applicable and if so specified in such notice, to any Person who is an assignee of such Lender pursuant to
Section 10.6) on the Restatement Effective Date (or, if such notice is delivered after the second Business Day prior to the Restatement Effective Date, promptly after Borrower’s receipt of such notice) a Note or Notes to evidence such
Lender’s Loans. 
 2.8. Interest on Loans. 

(a) Except as otherwise set forth herein, each Class of Loan shall bear interest on the unpaid principal amount thereof from the date made
through repayment (whether by acceleration or otherwise) thereof as follows: 
 (i) if a Base Rate Loan, at the Base Rate
plus the Applicable Margin; or 
 (ii) if a Eurodollar Rate Loan, at the Adjusted Eurodollar Rate plus the
Applicable Margin. 
 (b) The basis for determining the rate of interest with respect to any Loan, and the Interest Period with respect to
any Eurodollar Rate Loan, shall be selected by Borrower and notified to Administrative Agent and Lenders pursuant to the applicable Funding Notice or Conversion/Continuation Notice, as the case may be. 

(c) In connection with Eurodollar Rate Loans there shall be no more than twelve (12) Interest Periods outstanding at any time. In the event
Borrower fails to specify between a Base Rate Loan or a Eurodollar Rate Loan in the applicable Funding Notice or Conversion/Continuation Notice, such Loan (if outstanding as a Eurodollar Rate Loan) will be automatically converted into a Base Rate
Loan on the last day of the then-current Interest Period for such Loan (or if outstanding as a Base Rate Loan will remain as, or (if not then outstanding) will be made as, a Base Rate Loan). In the event
Borrower fails to specify an Interest Period for any Eurodollar Rate Loan in the applicable Funding Notice or Conversion/Continuation Notice, Borrower shall be deemed to have selected an Interest Period of one month. As soon as practicable
after 10:00 a.m. (New York City time) on each Interest Rate Determination Date, Administrative Agent shall determine (which determination shall, absent manifest error, be final, conclusive and binding upon all parties) the interest rate that shall
apply to the Eurodollar Rate Loans for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to Borrower and each Lender. 

(d) Interest payable pursuant to Section 2.8(a) shall be computed (i) in the case of Base Rate Loans on the basis of a 365-day or 366-day year, as the case may be, and (ii) in the case of Eurodollar Rate Loans, on the basis of a 360-day year, in each
case for the actual number of days elapsed in the period during which it accrues. In computing interest on any Loan, the date of the making of such Loan or the first day of an Interest Period applicable to such Loan, the last Interest Payment
Date with respect to such Loan and, with respect to a Base Rate Loan being converted from a Eurodollar Rate Loan, the date of conversion of such Eurodollar Rate Loan to such Base Rate Loan, as the case may be, shall be

  
 -41- 

 
included, and the date of payment of such Loan or the expiration date of an Interest Period applicable to such Loan and, with respect to a Base Rate Loan being converted to a Eurodollar Rate
Loan, the date of conversion of such Base Rate Loan to such Eurodollar Rate Loan, as the case may be, shall be excluded; provided, if a Loan is repaid on the same day on which it is made, one day’s interest shall be paid on that Loan.

 (e) Except as otherwise set forth herein, interest on each Loan (i) shall accrue on a daily basis and shall be payable in arrears on each
Interest Payment Date with respect to interest accrued on and to each such payment date; (ii) shall accrue on a daily basis and shall be payable in arrears upon any prepayment of that Loan, whether voluntary or mandatory, to the extent accrued on
the amount being prepaid; and (iii) shall accrue on a daily basis and shall be payable in arrears at maturity of the Loans, including final maturity of the Loans; provided, however, with respect to any voluntary prepayment of a Base
Rate Loan, accrued interest shall instead be payable on the applicable Interest Payment Date. 
 2.9. Conversion/Continuation. 

(a) Subject to Section 2.18 and so long as no Event of Default shall have occurred and then be continuing, Borrower shall have the option:

 (i) to convert at any time all or any part of any Loan equal to $5,000,000 and integral multiples of $1,000,000 in excess
of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower shall pay all amounts due
under Section 2.18 in connection with any such conversion; or 
 (ii) upon the expiration of any Interest Period applicable
to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $5,000,000 and integral multiples of $1,000,000 in excess of that amount as a Eurodollar Rate Loan. 

(b) Subject to clause (c) below, Borrower shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 11:00 a.m. (New
York City time) on the day of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation
of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans shall be irrevocable on and after the related Interest Rate Determination Date, and
Borrower shall be bound to effect a conversion or continuation in accordance therewith. If on any day a Loan is outstanding with respect to which a Funding Notice or Conversion/Continuation Notice has not been delivered to Administrative Agent in
accordance with the terms hereof specifying the applicable basis for determining the rate of interest, then for that day such Loan shall be a Base Rate Loan. 

(c) In lieu of delivering a Conversion/Continuation Notice, Borrower may give Administrative Agent telephonic notice by the required time of
any proposed conversion/continuation; provided each such notice shall be promptly confirmed in writing by delivery of the Conversion/Continuation Notice to Administrative Agent on or before the close of business on the date that the telephonic
notice is given. In the event of a discrepancy between the telephone notice and the written Conversion/Continuation Notice, the written Conversion/Continuation Notice shall govern. In the case of any Conversion/Continuation Notice that is
irrevocable once given, if Borrower provides telephonic notice in lieu thereof, such telephone notice shall also be irrevocable once given. Neither Administrative Agent nor any Lender shall incur any liability to Borrower in acting upon any
telephonic notice referred to above that Administrative Agent believes in good faith to have been given by a duly authorized officer or other person authorized on behalf of Borrower or for otherwise acting in good faith. 

  
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 2.10. Default Interest. Upon the occurrence and during the continuance of an Event of
Default under Section 8.1(a), (f) or (g), any overdue amounts in respect of Loans (including overdue principal and, to the extent permitted by applicable law, overdue interest payments on the Loans or any fees or other amounts owed hereunder which
are overdue) shall thereafter bear interest (including post-petition interest in any proceeding under Debtor Relief Laws) payable on demand at a rate that is 2% per annum in excess of the interest rate
otherwise payable hereunder with respect to the applicable Loans (or, in the case of any such fees and other amounts, at a rate which is 2% per annum in excess of the interest rate otherwise payable hereunder for Base Rate Loans);
provided, in the case of Eurodollar Rate Loans, upon the expiration of the Interest Period in effect at the time any such increase in interest rate is effective such Eurodollar Rate Loans shall thereupon become Base Rate Loans and overdue
amounts in respect thereof shall thereafter bear interest payable upon demand at a rate which is 2% per annum in excess of the interest rate otherwise payable hereunder for Base Rate Loans. Payment or acceptance of the increased rates of
interest provided for in this Section 2.10 is not a permitted alternative to timely payment and shall not constitute a waiver of any Event of Default or otherwise prejudice or limit any rights or remedies of Administrative Agent or any Lender. 

2.11. Fees. 
 (a)
Borrower agrees to pay on the Restatement Effective Date to each Lender party to this Agreement as a Lender on the Restatement Effective Date, as fee compensation for the funding of such Lender’s Initial Loans, a closing fee in the amount set
forth in Section 3 of the Restatement Agreement, payable to such Lender on the Restatement Effective Date. Such closing fee will be in all respects fully earned, due and payable on the Restatement Effective Date and non-refundable and
non-creditable thereafter. 
 (b) In addition to any of the foregoing fees, Borrower agrees to pay to Agents such other fees in the amounts
and at the times separately agreed upon. 
 2.12. Scheduled Payments/Commitment Reductions. The principal amounts of the Initial
Loans shall be repaid in consecutive equal quarterly installments and at final maturity (each such payment, an “Installment”) in the aggregate amounts set forth below on each date set forth below: 

 

					
	 Amortization Date
	  	Installments	 
	 September 30, 2016
	  	$	10,550,781.25	  
	 December 31, 2016
	  	$	10,550,781.25	  
	 March 31, 2017
	  	$	10,550,781.25	  
	 June 30, 2017
	  	$	10,550,781.25	  
	 September 30, 2017
	  	$	10,550,781.25	  
	 December 31, 2017
	  	$	10,550,781.25	  
	 March 31, 2018
	  	$	10,550,781.25	  
	 June 30, 2018
	  	$	10,550,781.25	  
	 September 30, 2018
	  	$	10,550,781.25	  
	 December 31, 2018
	  	$	10,550,781.25	  
	 March 31, 2019
	  	$	10,550,781.25	  

  
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	 Amortization Date
	  	Installments	 
	 June 30, 2019
	  	$	10,550,781.25	  
	 September 30, 2019
	  	$	10,550,781.25	  
	 December 31, 2019
	  	$	10,550,781.25	  
	 March 31, 2020
	  	$	10,550,781.25	  
	 June 30, 2020
	  	$	10,550,781.25	  
	 September 30, 2020
	  	$	10,550,781.25	  
	 December 31, 2020
	  	$	10,550,781.25	  
	 March 31, 2021
	  	$	10,550,781.25	  
	 June 30, 2021
	  	$	10,550,781.25	  
	 September 30, 2021
	  	$	10,550,781.25	  
	 December 31, 2021
	  	$	10,550,781.25	  
	 March 31, 2022
	  	$	10,550,781.25	  
	 June 30, 2022
	  	$	10,550,781.25	  
	 September 30, 2022
	  	$	10,550,781.25	  
	 December 31, 2022
	  	$	10,550,781.25	  
	 March 31, 2023
	  	$	10,550,781.25	  
	 Initial Loan Maturity Date
	  	$	1,403,253,906.25	  

 Notwithstanding the foregoing, (x) such Installments shall be reduced in connection with any voluntary or
mandatory prepayments of the Loans in accordance with Sections 2.13, 2.14 and 2.15, as applicable; and (y) the Loans, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later than
the Maturity Date applicable to such Loans. 
 2.13. Voluntary Prepayments. 

(a) Voluntary Prepayments. 

(i) Any time and from time to time: 

(1) with respect to Base Rate Loans, Borrower may prepay any such Loans on any Business Day in whole or in part, in an
aggregate minimum amount of $5,000,000 and integral multiples of $1,000,000 in excess of that amount; and 
 (2) with respect
to Eurodollar Rate Loans, Borrower may prepay any such Loans on any Business Day in whole or in part in an aggregate minimum amount of $5,000,000 and integral multiples of $1,000,000 in excess of that amount; 

(ii) All such prepayments shall be made: 

(1) upon not less than one Business Day’s prior written or telephonic notice in the case of Base Rate Loans; and 

(2) upon not less than three Business Days’ prior written or telephonic notice in the case of Eurodollar Rate Loans; 

  
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 in each case given to Administrative Agent by 12:00 p.m. (New York City time) on the date required and, if given
by telephone, promptly confirmed by delivery of written notice thereof to Administrative Agent (and Administrative Agent will promptly transmit such original notice by telefacsimile or telephone to each Lender). Upon the giving of any such
notice, the principal amount of the Loans specified in such notice shall become due and payable on the prepayment date specified therein; provided that such notice may state that such notice is conditioned upon the effectiveness of other
credit facilities, the receipt of proceeds from the issuance of Equity Interests or other Indebtedness or the disposition of assets or the closing of a merger, acquisition or other transaction, in which case such notice may be revoked or extended by
the Borrower by notice to the Administrative Agent on or prior to the prepayment date specified therein if such condition is not satisfied or delayed in effectiveness. Any such voluntary prepayment shall be applied as specified in
Section 2.15(a). 
 (b) Soft-Call Protection. In the event that, prior to the six month anniversary of the Restatement Effective
Date, all or any portion of the Initial Loans is (i) repaid, prepaid, refinanced or replaced with any term loan financing, or (ii) repriced or effectively refinanced through any waiver, consent, amendment or amendment and restatement of this
Agreement, and in the case of each of (i) and (ii), above, the effect thereof is to lower the All-in Yield of the Initial Loans (or portion thereof) or new term loan financing, as applicable, from the All-in Yield of the Initial Loans (or portion
thereof) so repaid, prepaid, refinanced, replaced or repriced (a “Repricing Event”), Borrower shall pay to Administrative Agent for the account of Lenders with Initial Loans (A) in the case of clause (i), a prepayment premium equal
to 1.00% of the aggregate principal amount of the Initial Loans so repaid, prepaid, refinanced, replaced or repriced and (B) in the case of clause (ii), a fee equal to 1.00% of the aggregate principal amount of the Initial Loans repriced or
effectively refinanced through such waiver, consent, amendment or amendment and restatement; provided that no such fee shall be payable, in the case of clause (i) or (ii), if the Repricing Event is due to, or in connection with, a Change in
Control. If all or any portion of the Initial Loans held by any Lender is subject to mandatory assignment pursuant to Section 2.23 as a result of, or in connection with, such Lender not agreeing or otherwise consenting to any waiver, consent or
amendment referred to in clause (ii) above (or otherwise in connection with a Repricing Event) on or prior to the six month anniversary of the Restatement Effective Date, the Borrower shall pay to such Lender (and not any Person replacing such
Lender pursuant to Section 2.23) its pro rata portion (as determined immediately prior to it being so replaced) of the prepayment premium under clause (ii) of the immediately preceding sentence. Such amounts shall be due and payable on the date
of effectiveness of such Repricing Event. 
 2.14. Mandatory Prepayments. 

(a) Asset Sales. No later than the fifth Business Day following the date of receipt by Holdings or any of its Subsidiaries of any
Net Asset Sale Proceeds (other than the Net Asset Sale Proceeds of any sale or other disposition of ABL Priority Collateral), Borrower shall prepay or cause to be prepaid the Loans as set forth in Section 2.15(b) in an aggregate amount equal to the
Term Loan Percentage of such Net Asset Sale Proceeds (and, if any Net Asset Sale Proceeds in excess of the Term Loan Percentage of such Net Asset Sale Proceeds have not been applied to repay, repurchase or redeem Term Loan/Notes Secured Obligations
on or prior to the date the Borrower determines that it can no longer be contractually required to apply such excess Net Asset Sale Proceeds to repay, repurchase or redeem, or to make an offer to repay, repurchase or redeem, other Term Loan/Notes
Secured Obligations then outstanding (other than pursuant to this Section 2.14(a) or any similar provision of any other Term Loan/Notes Document), the Borrower shall apply such excess amount of Net Asset Sale Proceeds, net of the pro rata portion of
such Net Asset Sale Proceeds that is required to be used to repay, repurchase or redeem, or make an offer to repay, repurchase or redeem, other Term Loan/Notes Secured Obligations pursuant to any similar provision of any other Term Loan/Notes
Document, to prepay Loans pursuant to this Section 2.14(a) no later than the fifth Business Day following such determination); provided so long 

  
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as no Event of Default under Section 8.1(a), (f) or (g) shall have occurred and be continuing, Borrower shall have the option, directly or through one or more of its Subsidiaries that is a Credit
Party, to invest Net Asset Sale Proceeds within three hundred sixty-five (365) days of receipt thereof (or, if a binding commitment to invest such Net Asset Sale Proceeds is entered into within such three hundred sixty-five (365) day period, within
five hundred forty (540) days of receipt thereof) in long-term assets useful in the business of Borrower or any of its Subsidiaries that is a Credit Party. 

(b) Insurance/Condemnation Proceeds. No later than the fifth Business Day following the date of receipt by Holdings or any of its
Subsidiaries, or Administrative Agent as loss payee, of any Net Insurance/Condemnation Proceeds (other than the Net Insurance/Condemnation Proceeds of any ABL Priority Collateral), Borrower shall prepay the Loans as set forth in Section 2.15(b) in
an aggregate amount equal to the Term Loan Percentage of such Net Insurance/Condemnation Proceeds (and, if any Net Insurance/Condemnation Proceeds in excess of the Term Loan Percentage of such Net Insurance/Condemnation Proceeds have not been
applied to repay, repurchase or redeem Term Loan/Notes Secured Obligations on or prior to the date the Borrower determines that it can no longer be contractually required to apply such excess Net Insurance/Condemnation Proceeds to repay, repurchase
or redeem, or to make an offer to repay, repurchase or redeem, other Term Loan/Notes Secured Obligations then outstanding (other than pursuant to this Section 2.14(b) or any similar provision of any other Term Loan/Notes Document), the Borrower
shall apply such excess amount of Net Insurance/Condemnation Proceeds, net of the pro rata portion of such Net Insurance/Condemnation Proceeds that is required to be used to repay, repurchase or redeem, or make an offer to repay, repurchase or
redeem, other Term Loan/Notes Secured Obligations pursuant to any similar provision of any other Term Loan/Notes Document, to prepay Loans pursuant to this Section 2.14(b) no later than the fifth Business Day following such determination);
provided so long as no Event of Default under Section 8.1(a), (f) or (g) shall have occurred and be continuing, Borrower shall have the option, directly or through one or more of its Subsidiaries that is a Credit Party to commence and pursue
the replacement of damaged or destroyed assets with such Net Insurance/Condemnation Proceeds or invest such Net Insurance/Condemnation Proceeds within three hundred and sixty-five (365) days of receipt thereof in long term assets useful in
the business of Holdings or any of its Subsidiaries that is a Credit Party, which investment may include the repair, restoration or replacement of the applicable assets thereof. 

(c) Consolidated Excess Cash Flow. In the event that there shall be Consolidated Excess Cash Flow for any Fiscal Year (commencing
with the Fiscal Year ending January 28, 2017), Borrower shall, no later than 90 days after the end of such Fiscal Year, prepay the Loans as set forth in Section 2.15(b) in an aggregate amount equal to (i) 50% of such Consolidated Excess Cash
Flow minus (ii) voluntary repayments of the Loans made with Internally Generated Cash (excluding, for the avoidance of doubt, repurchases of Loans pursuant to Section 10.6(i) and repayments of Loans made with the cash proceeds of any
refinancing indebtedness); provided, that if, as of the last day of the most recently ended Fiscal Year, the Senior Secured Leverage Ratio (determined for any such period by reference to the Compliance Certificate delivered pursuant to
Section 5.1(c) calculating the Senior Secured Leverage Ratio as of the last day of such Fiscal Year) shall be (A) equal to or less than 2.50:1.00 and greater than 2.00:1.00, Borrower shall only be required to make the prepayments otherwise
required by this Section 2.14(c) in an amount equal to 25% of such Consolidated Excess Cash Flow and (B) equal to or less than 2.00:1.00, Borrower shall not be required to make any prepayment pursuant to this Section 2.14(c). Notwithstanding
anything herein to the contrary, no payments shall be required under this Section 2.14(c) for any Fiscal Year to the extent that, on the 90th day following the end of such Fiscal Year or on any earlier date Borrower may otherwise elect to make
such payment, the sum of (x) “Availability” (as defined in the ABL Credit Agreement) and (y) the aggregate amount of cash and cash equivalents of the Credit Parties in excess of the Operating Cash Threshold, after giving effect to such
payment, would be less than 27.5% of the “Line Cap” (as defined in the ABL Credit Agreement as in effect on the date hereof); provided that such payment shall be required to be made hereunder on the first day that, for the

  
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immediately preceding 30 consecutive days, the sum of (x) “Availability” (as defined in the ABL Credit Agreement) and (y) the aggregate amount of cash and cash equivalents of the Credit
Parties in excess of the Operating Cash Threshold, after giving effect to such payment, is greater than or equal to 27.5% of the “Line Cap” (as defined in the ABL Credit Agreement as in effect on the date hereof). 

(d) Prepayment Certificate. Concurrently with any prepayment of the Loans pursuant to Sections 2.14(a) through 2.14(c), Borrower
shall deliver to Administrative Agent a certificate of an Authorized Officer demonstrating the calculation of the amount of the applicable net proceeds or Consolidated Excess Cash Flow, as the case may be. In the event that Borrower shall
subsequently determine that the actual amount received exceeded the amount set forth in such certificate, Borrower shall promptly make an additional prepayment of the Loans in an amount equal to such excess, and Borrower shall concurrently therewith
deliver to Administrative Agent a certificate of an Authorized Officer demonstrating the derivation of such excess. 
 2.15. Application
of Prepayments. 
 (a) Application of Voluntary Prepayments. Any prepayment of any Loan pursuant to Section 2.13(a) shall be
applied as specified by Borrower in the applicable notice of prepayment; provided, in the event Borrower fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied to prepay the Loans on a pro
rata basis (in accordance with the respective outstanding principal amounts thereof), and further applied on a pro rata basis to reduce the scheduled remaining Installments of principal of the Loans. 

(b) Application of Mandatory Prepayments. Any amount required to be prepaid pursuant to Sections 2.14(a) through 2.14(c) shall be
applied to prepay Loans of each Class on a pro rata basis (in accordance with the respective outstanding principal amounts thereof) and further applied to scheduled amortization of each Class of Loans as specified by Borrower in the applicable
prepayment notice. 
 (c) Waivable Mandatory Prepayment. Anything contained herein to the contrary notwithstanding, so long as any
Loans are outstanding, in the event Borrower is required to make any mandatory prepayment (a “Waivable Mandatory Prepayment”) of the Loans, not less than five Business Days prior to the date (the “Required Prepayment
Date”) on which Borrower is required to make such Waivable Mandatory Prepayment, Borrower shall notify Administrative Agent of the amount of such prepayment, and Administrative Agent will promptly thereafter notify each Lender holding an
outstanding Loan of the amount of such Lender’s Pro Rata Share of such Waivable Mandatory Prepayment and such Lender’s option to refuse such amount. Each such Lender may exercise such option by giving written notice to Borrower and
Administrative Agent of its election to do so on or before the third Business Day prior to the Required Prepayment Date (it being understood that any Lender which does not notify Borrower and Administrative Agent of its election to exercise such
option on or before the third Business Day prior to the Required Prepayment Date shall be deemed to have elected, as of such date, not to exercise such option). On the Required Prepayment Date, Borrower shall pay to Administrative Agent the portion
of the amount of the Waivable Mandatory Prepayment equal to that portion of the Waivable Mandatory Prepayment payable to those Lenders that have elected not to exercise such option, to prepay the Loans of such Lenders (which prepayment shall be
applied to the scheduled Installments of principal of the Loans in accordance with Section 2.15(b)), and Borrower shall be entitled to retain the remainder of the Waivable Mandatory Prepayment. 

(d) Application of Prepayments of Loans to Base Rate Loans and Eurodollar Rate Loans. Considering each Class of Loans being
prepaid separately, any prepayment thereof shall be applied first to Base Rate Loans to the full extent thereof before application to Eurodollar Rate Loans, in each case in a manner which minimizes the amount of any payments required to be made by
Borrower pursuant to Section 2.18(c). 

  
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 2.16. General Provisions Regarding Payments. 

(a) All payments by Borrower of principal, interest, fees and other Obligations shall be made in Dollars in same day funds, without defense,
recoupment, setoff or counterclaim, free of any restriction or condition, and delivered to Administrative Agent not later than 2:00 p.m. (New York City time) on the date due at the Principal Office of Administrative Agent for the account of Lenders;
for purposes of computing interest and fees, funds received by Administrative Agent after that time on such due date shall be deemed to have been paid by Borrower on the next succeeding Business Day. 

(b) All payments in respect of the principal amount of any Loan shall be accompanied by payment of accrued interest and any amounts due under
Sections 2.13(b) and 2.18(c) in respect of the principal amount being repaid or prepaid, and all such payments (and, in any event, any payments in respect of any Loan on a date when interest is due and payable with respect to such Loan) shall be
applied to the payment of interest then due and payable before application to principal. 
 (c) Administrative Agent (or its agent or
sub-agent appointed by it) shall promptly distribute to each Lender at such address as such Lender shall indicate in writing, such Lender’s applicable Pro Rata Share of all payments and prepayments of principal and interest due hereunder,
together with all other amounts due thereto, including all fees payable with respect thereto, to the extent received by Administrative Agent. 

(d) Notwithstanding the foregoing provisions hereof, if any Conversion/Continuation Notice is withdrawn as to any Affected Lender or if any
Affected Lender makes Base Rate Loans in lieu of its Pro Rata Share of any Eurodollar Rate Loans, Administrative Agent shall give effect thereto in apportioning payments received thereafter. 

(e) Whenever any payment to be made hereunder with respect to any Loan shall be stated to be due on a day that is not a Business Day, such
payment shall be made on the next succeeding Business Day. 
 (f) Administrative Agent shall have the right, in its sole discretion, to deem
any payment by or on behalf of Borrower hereunder that is not made in same day funds prior to 2:00 p.m. (New York City time) to be a non-conforming payment. Any such payment so deemed to be non-conforming
shall not be deemed to have been received by Administrative Agent until the later of (i) the time such funds become available funds, and (ii) the applicable next Business Day. Administrative Agent shall give prompt telephonic notice to Borrower
and each applicable Lender (confirmed in writing) if any payment is non-conforming. Any non-conforming payment may constitute or become a Default or Event of
Default in accordance with the terms of Section 8.1(a). Interest shall continue to accrue on any principal as to which a non-conforming payment is made until such funds become available funds (but in no
event less than the period from the date of such payment to the next succeeding applicable Business Day) at the rate determined pursuant to Section 2.10 from the date such amount was due and payable until the date such amount is paid in full.

 (g) If an Event of Default shall have occurred and not otherwise been waived, and the maturity of the Obligations shall have been
accelerated pursuant to Section 8.1 or pursuant to any sale of, any collection from, or other realization upon all or any part of the Collateral in connection with any exercise of remedies permitted hereunder, in connection with any proceeding under
any Debtor Relief Law, under applicable Law or under the other Credit Documents, all payments or proceeds received by 

  
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Agents in respect of any of the Obligations, shall, subject to the provisions of the Intercreditor Agreements, be applied in accordance with the application arrangements described in Section 9.2
of the Pledge and Security Agreement. 
 2.17. Ratable Sharing. Lenders hereby agree among themselves that if any of them
shall, whether by voluntary payment (other than a voluntary prepayment of Loans made and applied in accordance with the terms hereof), through the exercise of any right of set-off or banker’s lien, by
counterclaim or cross action or by the enforcement of any right under the Credit Documents or otherwise, or as adequate protection of a deposit treated as cash collateral under the Bankruptcy Code, receive payment or reduction of a proportion of the
aggregate amount of principal, interest, fees and other amounts then due and owing to such Lender hereunder or under the other Credit Documents (collectively, the “Aggregate Amounts Due” to such Lender) which is greater than the
proportion received by any other Lender in respect of the Aggregate Amounts Due to such other Lender, then the Lender receiving such proportionately greater payment shall (a) notify Administrative Agent and each other Lender of the receipt of
such payment and (b) apply a portion of such payment to purchase participations (which it shall be deemed to have purchased from each seller of a participation simultaneously upon the receipt by such seller of its portion of such payment) in
the Aggregate Amounts Due to the other Lenders so that all such recoveries of Aggregate Amounts Due shall be shared by all Lenders in proportion to the Aggregate Amounts Due to them; provided, if all or part of such proportionately greater
payment received by such purchasing Lender is thereafter recovered from such Lender upon the bankruptcy or reorganization of Borrower or otherwise, those purchases shall be rescinded and the purchase prices paid for such participations shall be
returned to such purchasing Lender ratably to the extent of such recovery, but without interest. Borrower expressly consents to the foregoing arrangement and agrees that any holder of a participation so purchased may exercise any and all rights of
banker’s lien, consolidation, set-off or counterclaim with respect to any and all monies owing by Borrower to that holder with respect thereto as fully as if that holder were owed the amount of the
participation held by that holder. The provisions of this Section 2.17 shall not be construed to apply to (a) any payment made by Borrower pursuant to and in accordance with the express terms of this Agreement (including the application of
funds arising from the existence of a Defaulting Lender) or (b) any payment obtained by any Lender as consideration for the assignment or sale of a participation in any of its Loans or other Obligations owed to it. 

2.18. Making or Maintaining Eurodollar Rate Loans. 

(a) Inability to Determine Applicable Interest Rate. In the event that Administrative Agent shall have determined (which determination
shall be final and conclusive and binding upon all parties hereto), on any Interest Rate Determination Date with respect to any Eurodollar Rate Loans, that by reason of circumstances affecting the London interbank market adequate and fair means do
not exist for ascertaining the interest rate applicable to such Loans on the basis provided for in the definition of “Adjusted Eurodollar Rate”, Administrative Agent shall on such date give notice (by telefacsimile or by telephone
confirmed in writing) to Borrower and each Lender of such determination, whereupon (i) no Loans may be made as, or converted to, Eurodollar Rate Loans until such time as Administrative Agent notifies Borrower and Lenders that the circumstances
giving rise to such notice no longer exist, and (ii) any Funding Notice or Conversion/Continuation Notice given by Borrower with respect to the Loans in respect of which such determination was made shall be deemed to be rescinded by Borrower. 

(b) Illegality or Impracticability of Eurodollar Rate Loans. In the event that on any date (i) any Lender shall have determined
(which determination shall be final and conclusive and binding upon all parties hereto absent manifest error) that the making, maintaining, converting to or continuation of its Eurodollar Rate Loans has become unlawful as a result of compliance by
such Lender in good faith with any law, treaty, governmental rule, regulation, guideline or order (or would conflict with any such treaty, governmental rule, regulation, guideline or order not having the force of law even though the failure to

  
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comply therewith would not be unlawful), or (ii) Administrative Agent is advised by the Requisite Lenders (which determination shall be final and conclusive and binding upon all parties hereto)
that the making, maintaining, converting to or continuation of its Eurodollar Rate Loans has become impracticable, as a result of contingencies occurring after the date hereof which materially and adversely affect the London interbank market or the
position of the Lenders in that market, then, and in any such event, such Lenders (or in the case of the preceding clause (i), such Lender) shall be an “Affected Lender” and such Affected Lender shall on that day give notice (by
e-mail or by telephone confirmed in writing) to Borrower and Administrative Agent of such determination (which notice Administrative Agent shall promptly transmit to each other Lender). If Administrative Agent receives a notice from (x) any Lender
pursuant to clause (i) of the preceding sentence or (y) a notice from Lenders constituting Requisite Lenders pursuant to clause (ii) of the preceding sentence, then (1) the obligation of the Lenders (or, in the case of any notice pursuant to clause
(i) of the preceding sentence, such Lender) to make Loans as, or to convert Loans to, Eurodollar Rate Loans shall be suspended until such notice shall be withdrawn by each Affected Lender, (2) to the extent such determination by the Affected Lender
relates to a Eurodollar Rate Loan then being requested by Borrower pursuant to a Funding Notice or a Conversion/Continuation Notice, the Lenders (or in the case of any notice pursuant to clause (i) of the preceding sentence, such Lender) shall make
such Loan as (or continue such Loan as or convert such Loan to, as the case may be) a Base Rate Loan, (3) the Lenders’ (or in the case of any notice pursuant to clause (i) of the preceding sentence, such Lender’s) obligations to maintain
their respective outstanding Eurodollar Rate Loans (the “Affected Loans”) shall be terminated at the earlier to occur of the expiration of the Interest Period then in effect with respect to the Affected Loans or when required by
law, and (4) the Affected Loans shall automatically convert into Base Rate Loans on the date of such termination. Notwithstanding the foregoing, to the extent a determination by an Affected Lender as described above relates to a Eurodollar Rate Loan
then being requested by Borrower pursuant to a Funding Notice or a Conversion/Continuation Notice, Borrower shall have the option, subject to the provisions of Section 2.18(c), to rescind such Funding Notice or Conversion/Continuation Notice as to
all Lenders by giving written or telephonic notice (promptly confirmed by delivery of written notice thereof) to Administrative Agent of such rescission on the date on which the Affected Lender gives notice of its determination as described above
(which notice of rescission Administrative Agent shall promptly transmit to each other Lender). 
 (c) Compensation for Breakage or
Non-Commencement of Interest Periods. Borrower shall compensate each Lender, upon written request by such Lender (which request shall set forth the basis for requesting such amounts),
for all reasonable losses, expenses and liabilities (including any interest paid or payable by such Lender to Lenders of funds borrowed by it to make or carry its Eurodollar Rate Loans and any loss, expense or liability sustained by such Lender in
connection with the liquidation or re-employment of such funds but excluding loss of anticipated profits) which such Lender may sustain: (i) if for any reason (other than a default by such Lender) a borrowing
of any Eurodollar Rate Loan does not occur on a date specified therefor in a Funding Notice or a telephonic request for borrowing, or a conversion to or continuation of any Eurodollar Rate Loan does not occur on a date specified therefor in a
Conversion/Continuation Notice or a telephonic request for conversion or continuation; (ii) if any prepayment or other principal payment of, or any conversion of, any of its Eurodollar Rate Loans occurs on a date prior to the last day of an
Interest Period applicable to that Loan; or (iii) if any prepayment of any of its Eurodollar Rate Loans is not made on any date specified in a notice of prepayment given by Borrower. With respect to any Lender’s claim for compensation
under this Section 2.18, Borrower shall not be required to compensate such Lender for any amount incurred more than 180 calendar days prior to the date that such Lender notifies Borrower of the event that gives rise to such claim. 

(d) Booking of Eurodollar Rate Loans. Any Lender may make, carry or transfer Eurodollar Rate Loans at, to, or for the account of
any of its branch offices or the office of an Affiliate of such Lender. 
 (e) Assumptions Concerning Funding of Eurodollar Rate
Loans. Calculation of all amounts payable to a Lender under this Section 2.18 and under Section 2.19 shall be made as though such Lender had actually funded each of its relevant Eurodollar Rate Loans through the purchase of a Eurodollar deposit
bearing interest at the rate obtained pursuant to clause (i) of the definition of “Adjusted Eurodollar Rate” in an amount equal to the amount of such Eurodollar Rate Loan and having a maturity comparable to the relevant Interest Period and
through the transfer of such Eurodollar deposit from an offshore office of such Lender to a domestic office of such Lender in the United States of America; provided, however, each Lender may fund each of its Eurodollar Rate Loans in
any manner it sees fit and the foregoing assumptions shall be utilized only for the purposes of calculating amounts payable under this Section 2.18 and under Section 2.19. 

  
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 2.19. Increased Costs; Capital Adequacy. 

(a) Compensation For Increased Costs and Taxes. If any Change in Law (i) subjects a Lender (or its applicable lending office) or any
company controlling such Lender to any additional Tax (other than Indemnified Taxes, Connection Income Taxes and Taxes described in clauses (b)-(d) of the definition of Excluded Taxes) with respect to this Agreement or any of the other Credit
Documents or any of its obligations hereunder or thereunder or any payments to such Lender (or its applicable lending office) of principal, interest, fees or any other amount payable hereunder; (ii) imposes, modifies or holds applicable any reserve
(including any marginal, emergency, supplemental, special or other reserve), special deposit, liquidity, compulsory loan, FDIC insurance or similar requirement against assets held by, or deposits or other liabilities in or for the account of, or
advances or loans by, or other credit extended by, or any other acquisition of funds by, any office of such Lender (other than any such reserve or other requirements with respect to Eurodollar Rate Loans that are reflected in the definition of
“Adjusted Eurodollar Rate”) or any company controlling such Lender; or (iii) imposes any other condition (other than with respect to a Tax matter) on or affecting such Lender (or its applicable lending office) or any company controlling
such Lender or such Lender’s obligations hereunder or the London interbank market; and the result of any of the foregoing is to increase the cost to such Lender of agreeing to make, making or maintaining Loans hereunder or to reduce any amount
received or receivable by such Lender (or its applicable lending office) with respect thereto; then, in any such case, Borrower shall promptly pay to such Lender, upon receipt of the statement referred to in the next sentence, such additional amount
or amounts (in the form of an increased rate of, or a different method of calculating, interest or in a lump sum or otherwise as such Lender in its sole discretion shall determine) as may be necessary to compensate such Lender for any such increased
cost or reduction in amounts received or receivable hereunder. Such Lender shall deliver to Borrower (with a copy to Administrative Agent) a written statement, setting forth in reasonable detail the basis for calculating the additional amounts owed
to such Lender under this Section 2.19(a) which statement shall be conclusive and binding upon all parties hereto absent manifest error. 

(b) Capital Adequacy Adjustment. In the event that any Lender shall have determined that any Change in Law, regarding capital or
liquidity requirements, has or would have the effect of reducing the rate of return on the capital of such Lender or any company controlling such Lender as a consequence of, or with reference to, such Lender’s Loans or Commitments, or
participations therein or other obligations hereunder with respect to the Loans to a level below that which such Lender or such controlling company could have achieved but for such adoption, effectiveness, phase-in, applicability, change or
compliance (taking into consideration the policies of such Lender or such controlling company with regard to capital adequacy), then from time to time, within ten Business Days after receipt by Borrower from such Lender of the statement referred to
in the next sentence, Borrower shall pay or cause to be paid to such Lender such additional amount or amounts as will compensate such Lender or such controlling company on an after-tax basis for such reduction. Such Lender shall deliver to Borrower
(with a copy to Administrative Agent) a written statement, setting forth in reasonable detail the basis for calculating the additional amounts owed to Lender under this Section 2.19(b), which statement shall be conclusive and binding upon all
parties hereto absent manifest error. 

  
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 (c) Failure or delay on the part of any Lender to demand compensation pursuant to this Section
2.19 shall not constitute a waiver of such Lender’s right to demand such compensation; provided that Borrower shall not be required to compensate a Lender pursuant to this Section 2.19 for any increased costs incurred or reductions
suffered more than 9 months prior to the date that such Lender notifies Borrower of the Change in Law giving rise to such increased costs or reductions, and of such Lender’s intention to claim compensation therefor (except that, if the Change
in Law giving rise to such increased costs or reductions is retroactive, then the 9-month period referred to above shall be extended to include the period of retroactive effect thereof). Notwithstanding the
foregoing, no Lender may demand compensation pursuant to this Section 2.19 unless it is then the general policy of such Lender to pursue similar compensation in similar circumstances under comparable provisions of other credit agreements. 

2.20. Taxes; Withholding, Etc. 

(a) Payments to Be Free and Clear. All sums payable by or on behalf of any Credit Party hereunder and under the other Credit
Documents shall (except to the extent required by law) be paid free and clear of, and without any deduction or withholding on account of any Tax except as required by applicable Law. 

(b) Withholding of Taxes. If any Credit Party or any other Person (acting as a withholding agent) is (in such withholding agent’s
reasonable good faith discretion) required by law to make any deduction or withholding on account of any Indemnified Tax from any sum paid or payable by any Credit Party to Administrative Agent or any Lender under any of the Credit Documents: (i)
Borrower shall notify Administrative Agent of any such requirement or any change in any such requirement as soon as Borrower becomes aware of it; (ii) Borrower shall pay, or cause to be paid, any such Indemnified Tax before the date on which
penalties attach thereto, such payment to be made (if the liability to pay is imposed on any Credit Party) for its own account or (if that liability is imposed on Administrative Agent or such Lender, as the case may be) on behalf of and in the name
of Administrative Agent or such Lender; (iii) unless otherwise provided in this Section 2.20, the sum payable by such Credit Party in respect of which the relevant deduction, withholding or payment is required shall be increased to the extent
necessary to ensure that, after the making of that deduction, withholding or payment, Administrative Agent or such Lender, as the case may be, receives on the due date a net sum equal to what it would have received had no such deduction, withholding
or payment been required or made; and (iv) within thirty days after the due date of payment of any Indemnified Tax which it is required by clause (ii) above to pay, Borrower shall deliver to Administrative Agent evidence satisfactory to the other
affected parties of such deduction, withholding or payment and of the remittance thereof to the relevant taxing or other authority. 
 (c)
Evidence of Exemption From U.S. Withholding Tax. Each Lender that is not a United States person (as such term is defined in Section 7701(a)(30) of the Internal Revenue Code) for U.S. federal income tax purposes (a “Non-US
Lender”) shall, to the extent such Lender is legally able to do so, deliver to Administrative Agent and Borrower, on or prior to the Restatement Effective Date (in the case of each Lender listed on the signature pages of the Restatement
Agreement on the Restatement Effective Date) or on or prior to the date of the Assignment Agreement pursuant to which it becomes a Lender (in the case of each other Lender), and at such other times as may be necessary in the determination of
Borrower or Administrative Agent (each in the reasonable exercise of its discretion), (i) two original copies of Internal Revenue Service Form W-8BEN or W-8BEN-E, W-8ECI, W-8EXP and/or W-8IMY (or, in each case, any successor forms), as applicable,
properly completed and duly executed by such Lender, and such other documentation required under the Internal Revenue Code and reasonably 

  
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requested by Borrower or Administrative Agent to establish that such Lender is not subject to (or is subject to a reduced rate of) deduction or withholding of United States federal income tax
with respect to any payments to such Lender of principal, interest, fees or other amounts payable under any of the Credit Documents, or (ii) if such Lender is not a “bank” or other Person described in Section 881(c)(3) of the Internal
Revenue Code, a Certificate re Non-Bank Status together with two original copies of Internal Revenue Service Form W-8BEN or W-8BEN-E (or any successor form), properly completed and duly executed by such
Lender, and such other documentation required under the Internal Revenue Code and reasonably requested by Borrower to establish that such Lender is not subject to (or is subject to a reduced rate of) deduction or withholding of United States federal
income tax with respect to any payments to such Lender of interest payable under any of the Credit Documents. Each Non-US Lender shall, to the extent it is legally able to do so, deliver to Borrower and Administrative Agent (in such number of copies
as shall be requested by the recipient) on or prior to the date on which such Non-US Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of Borrower or Administrative Agent), executed originals
of any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax, duly completed, together with such supplementary documentation as may be prescribed by applicable law to permit
Borrower or Administrative Agent to determine the withholding or deduction required to be made. Each Lender that is a United States person (as such term is defined in Section 7701(a)(30) of the Internal Revenue Code) for United States federal
income tax purposes (a “U.S. Lender”) shall deliver to Administrative Agent and Borrower on or prior to the Restatement Effective Date (or, if later, on or prior to the date on which such Lender becomes a party to this Agreement)
two original copies of Internal Revenue Service Form W-9 (or any successor form), properly completed and duly executed by such Lender, certifying that such U.S. Lender is entitled to an exemption from United States backup withholding tax, or
otherwise prove that it is entitled to an exemption. If a payment made to a Lender under any Credit Document would be subject to U.S. federal withholding Tax imposed by FATCA if such Lender were to fail to comply with the applicable reporting
requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Borrower and the Administrative Agent at the time or times prescribed by law and at such time or times
reasonably requested by the Borrower or the Administrative Agent such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the
Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply with their obligations under FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to
determine the amount to deduct and withhold from such payment. Solely for purposes of this Section 2.20(c), “FATCA” shall include any amendments made to FATCA after the date of this Agreement. Each Lender required to deliver any forms,
certificates or other evidence with respect to United States federal income tax withholding matters pursuant to this Section 2.20(c) hereby agrees to the extent such Lender is legally able, from time to time after the initial delivery by such Lender
of such forms, certificates or other evidence, whenever a lapse in time or change in circumstances renders such forms, certificates or other evidence obsolete or inaccurate in any material respect, that such Lender shall promptly deliver to
Administrative Agent and Borrower two new original copies of Internal Revenue Service Form W-8BEN or W-8BEN-E, W-8ECI, W-8EXP, W-8IMY and/or W-9 (or, in each case, any successor form), as applicable, or a
Certificate re Non-Bank Status and two original copies of Internal Revenue Service Form W-8BEN or W-8BEN-E (or any successor form), as the case may be, properly completed and duly executed by such Lender, and such other documentation required under
the Internal Revenue Code and reasonably requested by Borrower to confirm or establish that such Lender is not subject to (or is subject to a reduced rate of) deduction or withholding of United States federal income tax with respect to payments to
such Lender under the Credit Documents, or notify Administrative Agent and Borrower of its inability to deliver any such forms, certificates or other evidence. 

  
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 (d) Without limiting the provisions of Section 2.20(b), Borrower shall timely pay all Other Taxes
to the relevant Governmental Authorities in accordance with applicable law. Borrower shall deliver to Administrative Agent official receipts or other evidence of such payment reasonably satisfactory to Administrative Agent in respect of any Other
Taxes payable hereunder promptly after payment of such Other Taxes. 
 (e) Borrower shall indemnify Administrative Agent and any Lender for
the full amount of Indemnified Taxes for which additional amounts are required to be paid pursuant to Section 2.20(b) arising in connection with payments made under this Agreement or any other Credit Document and Other Taxes (including any such
Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section 2.20) paid by Administrative Agent or Lender or any of their respective Affiliates and any reasonable expenses arising therefrom or with
respect thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to such Credit Party
shall be conclusive absent manifest error. Such payment shall be due within thirty (30) days of such Credit Party’s receipt of such certificate. 

(f) If any party determines, in its sole discretion exercised in good faith, that it has received a refund of any Taxes as to which it has
been indemnified pursuant to this Section 2.20 (including additional amounts pursuant to this Section 2.20), it shall pay to the indemnifying party an amount equal to such refund (but only to the extent of indemnity payments made under this
Section 2.20 with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) of such indemnified party and without interest (other than any interest paid by the relevant Governmental Authority with
respect to such refund). Such indemnifying party, upon the request of such indemnified party, shall repay to such indemnified party the amount paid over pursuant to this paragraph (f) (plus any penalties, interest or other charges imposed by the
relevant Governmental Authority) in the event that such indemnified party is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this paragraph (f), in no event will the indemnified party be
required to pay any amount to an indemnifying party pursuant to this paragraph (f) the payment of which would place the indemnified party in a less favorable net after-Tax position than the indemnified party would have been in if the indemnification
payments or additional amounts giving rise to such refund had never been paid. This paragraph shall not be construed to require any indemnified party to make available its Tax returns (or any other information relating to its Taxes that it deems
confidential) to the indemnifying party or any other Person. 
 (g) Each party’s obligations under this Section 2.20 shall survive the
resignation or replacement of the Administrative Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all obligations under any Credit Document.

 (h) Solely for purposes of determining withholding Tax imposed under FATCA, from and after the Restatement Effective Date, the Borrower
and the Administrative Agent shall treat (and the Lenders hereby authorize the Administrative Agent to treat) the Loans (including any Loans already outstanding) as not qualifying as “grandfathered obligations” within the meaning of
Treasury Regulation Section 1.1471-2(b)(2)(i). 
 2.21. Obligation to Mitigate. Each Lender agrees that, as promptly as
practicable after the officer of such Lender responsible for administering its Loans becomes aware of the occurrence of an event or the existence of a condition that would cause such Lender to become an Affected Lender or that would entitle such
Lender to receive payments under Section 2.18, 2.19 or 2.20, it will, to the extent not inconsistent with the internal policies of such Lender and any applicable legal or regulatory restrictions, 

  
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use reasonable efforts to (a) make, issue, fund or maintain its Credit Extensions, including any Affected Loans, through another office of such Lender, or (b) take such other measures as
such Lender may deem reasonable, if as a result thereof the circumstances which would cause such Lender to be an Affected Lender would cease to exist or the additional amounts which would otherwise be required to be paid to such Lender pursuant to
Section 2.18, 2.19 or 2.20 would be materially reduced and if, as determined by such Lender in its sole discretion, the making, funding or maintaining of such Commitments or Loans through such other office or in accordance with such other
measures, as the case may be, would not otherwise adversely affect such Commitments or Loans or the interests of such Lender; provided, such Lender will not be obligated to utilize such other office pursuant to this Section 2.21 unless
Borrower agrees to pay all incremental expenses incurred by such Lender as a result of utilizing such other office as described above. A certificate as to the amount of any such expenses payable by Borrower pursuant to this Section 2.21
(setting forth in reasonable detail the basis for requesting such amount) submitted by such Lender to Borrower (with a copy to Administrative Agent) shall be conclusive absent manifest error. 

2.22. Defaulting Lenders. 

(a) Defaulting Lender Waterfall. Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a
Defaulting Lender, then, until such time as such Lender is no longer a Defaulting Lender, to the extent permitted by applicable law, any payment of principal, interest, fees or other amounts received by Administrative Agent for the account of such
Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Section 8 or otherwise) or received by Administrative Agent from a Defaulting Lender pursuant to Section 10.4 shall be applied at such time or times as may be determined by
Administrative Agent as follows: first, to the payment of any amounts owing by such Defaulting Lender to Administrative Agent hereunder; second, to the payment of any amounts owing to the Lenders as a result of any judgment of a court
of competent jurisdiction obtained by any Lender against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; third, as Borrower may request (so long as no Default or Event of
Default shall have occurred and be continuing), to the funding of any Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by Administrative Agent; fourth, if so
determined by Administrative Agent and Borrower, to be held in a Deposit Account and released pro rata in order to satisfy such Defaulting Lender’s potential future funding obligations with respect to Loans under this Agreement; fifth,
so long as no Event of Default shall have occurred and be continuing, to the payment of any amounts owing to Borrower as a result of any judgment of a court of competent jurisdiction obtained by Borrower against such Defaulting Lender as a result of
such Defaulting Lender’s breach of its obligations under this Agreement; and sixth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the
principal amount of any Loans in respect of which such Defaulting Lender has not fully funded its appropriate share, and (y) such Loans were made at a time when the conditions set forth in Section 3.2 were satisfied and waived, such payment shall be
applied solely to pay the Loans of all Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of such Defaulting Lender until such time as all Loans are held by the Lenders pro rata in accordance with the
applicable Pro Rata Shares. Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender shall be deemed paid to and redirected by such Defaulting
Lender, and each Lender irrevocably consents hereto. 
 (b) Defaulting Lender Cure. If Borrower and Administrative Agent agree
in writing that a Lender is no longer a Defaulting Lender, Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein, that Lender will cease to
be a Defaulting Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of Borrower while that Lender was a Defaulting Lender; and provided further, that
except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender having been a Defaulting
Lender. 

  
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 2.23. Removal or Replacement of a Lender. Anything contained herein to the contrary
notwithstanding, in the event that: (a) (i) any Lender (an “Increased-Cost Lender”) shall give notice to Borrower that such Lender is an Affected Lender or that such Lender is
entitled to receive payments under Section 2.18, 2.19 or 2.20, (ii) the circumstances which have caused such Lender to be an Affected Lender or which entitle such Lender to receive such payments shall remain in effect, and (iii) such Lender
shall fail to withdraw such notice within three Business Days after Borrower’s request for such withdrawal; (b) any Lender shall become and continues to be a Defaulting Lender; or (c) in connection with any proposed amendment, modification,
termination, waiver or consent with respect to any of the provisions hereof as contemplated by Section 10.5(b) or Section 2.25, the consent of Requisite Lenders shall have been obtained but the consent of one or more of such other Lenders (each a
“Non-Consenting Lender”) whose consent is required (or, with respect to an Extension, requested; provided that, in respect of an Extension, if Borrower elects to exercise
its rights under this Section 2.23, Borrower shall require that all such Non-Consenting Lenders assign their outstanding Loans in accordance with this Section 2.23) shall not have been obtained; then, with respect to each such Increased-Cost Lender, Defaulting Lender or Non-Consenting Lender (the “Terminated Lender”), Borrower may, by giving written notice to Administrative Agent
and any Terminated Lender of its election to do so, elect to cause such Terminated Lender (and such Terminated Lender hereby irrevocably agrees) to assign its outstanding Loans and its Commitments, if any, in full to one or more Eligible Assignees
(each a “Replacement Lender”) in accordance with the provisions of Section 10.6 and Borrower shall pay the fees, if any, payable thereunder in connection with any such assignment from an Increased-Cost Lender, a Non-Consenting
Lender or a Defaulting Lender; provided, (1) on the date of such assignment, the Replacement Lender shall pay to Terminated Lender an amount equal to the principal of, and all accrued interest on, all outstanding Loans of the Terminated
Lender; (2) on the date of such assignment, Borrower shall pay any amounts payable to such Terminated Lender pursuant to Section 2.18(c), 2.19 or 2.20 and Section 2.13(b) and (3) in the event such Terminated Lender is a Non-Consenting Lender, each Replacement Lender shall consent, at the time of such assignment, to each matter in respect of which such Terminated Lender was a Non-Consenting
Lender. Upon the prepayment of all amounts owing to any Terminated Lender, if any, such Terminated Lender shall no longer constitute a “Lender” for purposes hereof; provided, any rights of such Terminated Lender to indemnification
hereunder shall survive as to such Terminated Lender. Each Lender agrees that if Borrower exercises its option hereunder to cause an assignment by such Lender as a Non-Consenting Lender or Terminated Lender, such Lender shall, promptly after receipt
of written notice of such election, execute and deliver all documentation necessary to effectuate such assignment in accordance with Section 10.6. In the event that a Lender does not comply with the requirements of the immediately preceding sentence
within one Business Day after receipt of such notice, each Lender hereby authorizes and directs Administrative Agent to execute and deliver such documentation as may be required to give effect to an assignment in accordance with Section 10.6 on
behalf of a Non-Consenting Lender or Terminated Lender and any such documentation so executed by Administrative Agent shall be effective for purposes of documenting an assignment pursuant to Section 10.6. Any removal of JPMorgan or its
successor as a Defaulting Lender pursuant to this Section shall also constitute the removal of JPMorgan or its successor as Administrative Agent pursuant to Section 9.7. 

2.24. Refinancing Amendments.

(a) On one or more occasions after the Restatement Effective Date, the Borrower may obtain, from any Lender or any other bank, financial
institution or other institutional lender or investor that agrees to provide any portion of Refinancing Loans pursuant to a Refinancing Amendment in accordance with this Section 2.24 (each, an “Additional Lender”) (provided
that Administrative Agent shall have consented (not to be unreasonably withheld or delayed) to such Lender’s or Additional 

  
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Lender’s making such Refinancing Loans to the extent such consent, if any, would be required under Section 10.6(c) for an assignment of Loans to such Lender or Additional Lender),
Refinancing Loans or Refinancing Commitments pursuant to a Refinancing Amendment; provided that (i) the terms of such Refinancing Loans (other than final maturity, amortization, interest rates, fees and call protection) shall be identical to
the terms of the then outstanding Loans or otherwise satisfactory to Administrative Agent, (ii) the Refinancing Loans shall have a Maturity Date that is no shorter than the Maturity Date of the Loans to be refinanced with the Refinancing Debt
Proceeds therefrom and shall not have greater annual amortization prior to such Maturity Date of such refinanced Loans than the annual amortization applicable to such refinanced Loans and (iii) Borrower shall apply the Refinancing Debt Proceeds
therefrom on the date of receipt of such proceeds to repay outstanding Loans of any Class selected by Borrower. 
 (b) The effectiveness of
any Refinancing Amendment shall be subject to the satisfaction on the date thereof of each of the conditions set forth in Section 3.2 and, to the extent reasonably requested by Administrative Agent, receipt by Administrative Agent of (i) customary
legal opinions, board resolutions and officers’ certificates consistent with those delivered on the Restatement Effective Date other than changes to such legal opinion resulting from a change in law, change in fact or change to counsel’s
form of opinion reasonably satisfactory to Administrative Agent and (ii) reaffirmation agreements and/or such amendments to the Collateral Documents as may be reasonably requested by Administrative Agent in order to ensure that such Refinancing
Loans are provided with the benefit of the applicable Collateral Documents. 
 (c) Each issuance of Refinancing Loans under Section 2.24(a)
shall be in an aggregate principal amount that is not less than $25,000,000 unless another amount is agreed by Administrative Agent. 
 (d)
Each of the parties hereto hereby agrees that this Agreement and the other Credit Documents may be amended pursuant to a Refinancing Amendment, without the consent of any other Lenders, to the extent (but only to the extent) necessary to (i) reflect
the existence and terms of the Refinancing Commitments and Refinancing Loans incurred pursuant thereto and (ii) make such other changes to this Agreement and the other Credit Documents consistent with the provisions and intent of Section 10.5(e) and
(iii) effect such other amendments to this Agreement and the other Credit Documents as may be necessary or appropriate, in the reasonable opinion of Administrative Agent and Borrower, to effect the provisions of this Section 2.24, and the Requisite
Lenders hereby expressly authorize Administrative Agent to enter into any such Refinancing Amendment. 
 (e) For the avoidance of doubt, it
is understood and agreed that the provisions of Section 2.17 and Section 10.5 will not apply to Refinancing of Loans pursuant to a Refinancing Amendment made pursuant to and in accordance with the provisions of this Section 2.24, including to
any payment of interest or fees in respect of any Refinancing Loans that have been extended pursuant to a Refinancing Amendment at a rate or rates different from those paid or payable in respect of Loans of any other Class, in each case as is set
forth in the relevant Refinancing Amendment. 
 2.25. Extensions of Loans. 

(a) Borrower may from time to time, pursuant to the provisions of this Section 2.25, agree with one or more Lenders holding Loans of any Class
to extend the maturity date and to provide for other terms consistent with this Section 2.25 (each such modification, an “Extension”) pursuant to one or more written offers (each an “Extension Offer”) made from
time to time by Borrower to all Lenders under any Class that is proposed to be extended under this Section 2.25, in each case on a pro rata basis (based on the relative principal amounts of the outstanding Loans of each Lender in such Class) and on
the same 

  
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terms to each such Lender, which Extension Offer may be conditioned as determined by Borrower and set forth in such offer. In connection with each Extension, Borrower will provide notification to
Administrative Agent (for distribution to the Lenders of the applicable Class), no later than 30 days prior to the maturity of the applicable Class or Classes to be extended of the requested new maturity date for the extended Loans of each such
Class (each an “Extended Maturity Date”) and the due date for Lender responses. In connection with any Extension, each Lender of the applicable Class wishing to participate in such Extension shall, prior to such due date, provide
Administrative Agent with a written notice thereof in a form reasonably satisfactory to Administrative Agent. Any Lender that does not respond to an Extension Offer by the applicable due date shall be deemed to have rejected such Extension. In
connection with any Extension, Borrower shall agree to such procedures, if any, as may be reasonably established by, or acceptable to, Administrative Agent to accomplish the purposes of this Section 2.25. 

(b) After giving effect to any Extension, the Loans so extended shall cease to be a part of the Class that they were a part of immediately
prior to the Extension and shall be a new Class hereunder; provided that at no time shall there be more than ten different Classes of Loans. 

(c) The consummation and effectiveness of each Extension shall be subject to the following: 

(i) no Event of Default shall have occurred and be continuing at the time any Extension Offer is delivered to the Lenders or at
the time of such Extension; 
 (ii) the Loans of any Lender extended pursuant to any Extension (“Extended
Loans”) shall have the same terms as the Class of Loans subject to the related Extension Amendment (“Existing Loans”); except (A) the final maturity date of any Extended Loans of a Class to be extended pursuant to an
Extension shall be later than the Latest Maturity Date at the time of such Extension, and the weighted average life to maturity of any Extended Loans of a Class to be extended pursuant to an Extension shall be no shorter than the weighted average
life to maturity of the Class of Existing Loans subject to the Latest Maturity Date at the time of such Extension; (B) the all-in pricing (including, without limitation, margins, fees and premiums) with respect to the Extended Loans may be higher or
lower than the all-in pricing (including, without limitation, margins, fees and premiums) for the Existing Loans; (C) no repayment of any Extended Loans shall be permitted unless such repayment is accompanied by an at least pro rata repayment of all
earlier maturing Loans (including previously extended Loans) (or all earlier maturing Loans (including previously extended Loans) shall otherwise be or have been terminated and repaid in full); (D) the Extended Loans may contain a “most favored
nation” provision for the benefit of Lenders holding Extended Loans; and (E) the other terms and conditions applicable to Extended Loans may be terms different than those with respect to the Existing Loans so long as such terms and conditions
only apply after the Latest Maturity Date at the time of such Extension; provided further, each Extension Amendment may, without the consent of any Lender other than the applicable extending Lenders, effect such amendments to this
Agreement and the other Credit Documents as may be necessary or appropriate, in the opinion of Administrative Agent and Borrower, to give effect to the provisions of this Section 2.25, including any amendments necessary to treat the applicable Loans
of the extending Lenders as a new “Class” of loans hereunder; provided however, no Extension Amendment may provide for any Class of Extended Loans to be secured by any Collateral or other assets of any Credit Party that does
not also secure the Existing Loans; 
 (iii) all documentation in respect of such Extension shall be consistent with the
foregoing, and all written communications by Borrower generally directed to the applicable Lenders under the applicable Class in connection therewith shall be in form and substance consistent with the foregoing and otherwise reasonably satisfactory
to Administrative Agent; 

  
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 (iv) a minimum amount in respect of such Extension (to be determined in
Borrower’s discretion and specified in the relevant Extension Offer, but in no event less than $25,000,000, unless another amount is agreed to by Administrative Agent) shall be satisfied; and 

(v) no Extension shall become effective unless, on the proposed effective date of such Extension, the conditions set forth in
Section 3.2 shall be satisfied (with all references in such Section to a Credit Date being deemed to be references to the Extension on the applicable date of such Extension), and Administrative Agent shall have received a certificate to that effect
dated the applicable date of such Extension and executed by an Authorized Officer of Borrower. 
 (d) For the avoidance of doubt, it is
understood and agreed that the provisions of Section 2.17 and Section 10.5 will not apply to Extensions of Loans pursuant to Extension Offers made pursuant to and in accordance with the provisions of this Section 2.25, including to
any payment of interest or fees in respect of any Extended Loans that have been extended pursuant to an Extension at a rate or rates different from those paid or payable in respect of Loans of any other Class, in each case as is set forth in the
relevant Extension Offer. 
 (e) [Reserved]. 

(f) The Lenders hereby irrevocably authorize Administrative Agent to enter into amendments (collectively, “Extension
Amendments”) to this Agreement and the other Credit Documents as may be necessary in order to establish new Classes of Loans created pursuant to an Extension, in each case on terms consistent with this Section 2.25. Notwithstanding the
foregoing, Administrative Agent shall have the right (but not the obligation) to seek the advice or concurrence of the Requisite Lenders with respect to any matter contemplated by this Section 2.25 and, if Administrative Agent seeks such advice or
concurrence, Administrative Agent shall be permitted to enter into such amendments with Borrower in accordance with any instructions received from such Requisite Lenders and shall also be entitled to refrain from entering into such amendments with
Borrower unless and until it shall have received such advice or concurrence; provided, however, that whether or not there has been a request by Administrative Agent for any such advice or concurrence, all such Extension Amendments
entered into with Borrower by Administrative Agent hereunder shall be binding on the Lenders. Without limiting the foregoing, in connection with any Extension, (i) the appropriate Credit Parties shall (at their expense) amend (and Administrative
Agent is hereby directed to amend) any Mortgage (or any other Credit Document that Administrative Agent reasonably requests to be amended to reflect an Extension) that has a maturity date prior to the latest Extended Maturity Date so that such
maturity date is extended to the then latest Extended Maturity Date (or such later date as may be advised by local counsel to Administrative Agent) and (ii) Borrower shall deliver board resolutions, secretary’s certificates, officer’s
certificates and other documents as shall reasonably be requested by Administrative Agent in connection therewith and a legal opinion of counsel reasonably acceptable to Administrative Agent (i) as to the enforceability of such Extension Amendment,
this Agreement as amended thereby, and such of the other Credit Documents (if any) as may be amended thereby and (ii) to the effect that such Extension Amendment, including without limitation, the Extended Loans provided for therein, does not
conflict with or violate the terms and provisions of Section 10.5. 
 (g) Promptly following the consummation and effectiveness of any
Extension, Borrower will furnish to Administrative Agent (who shall promptly furnish to each Lender) written notice setting forth the Extended Maturity Date and material economic terms of the Extension and the aggregate principal amount of each
class of Loans and Commitments after giving effect to the Extension and attaching a copy of the fully executed Extension Amendment. 

  
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	 	SECTION 3.	CONDITIONS PRECEDENT 

 3.1. Restatement Effective Date. The obligation of
each Lender to make any Loan pursuant to Section 2.1(a) on the Restatement Effective Date is subject to the satisfaction, or waiver in accordance with Section 10.5, of the following conditions on or before the Restatement Effective Date: 

(a) Credit Documents. The execution and delivery by each Credit Party of the Credit Documents listed on
Schedule 3.1(a) and the execution and delivery by the Collateral Agent of each such Credit Document that is a Collateral Document. 

(b) Organizational Documents; Incumbency. Administrative Agent shall have received, in respect of each Credit Party, (i)
sufficient copies of each Organizational Document as Administrative Agent shall request, and, to the extent applicable, certified as of the Restatement Effective Date or a recent date prior thereto by the appropriate Governmental Authority; (ii)
signature and incumbency certificates of the officers of such Credit Party; (iii) resolutions of the Board of Directors or similar governing body of such Credit Party approving and authorizing the execution, delivery and performance of this
Agreement and the other Credit Documents to which it is a party or by which it or its assets may be bound as of the Restatement Effective Date, certified as of the Restatement Effective Date by its secretary or an assistant secretary as being in
full force and effect without modification or amendment; (iv) a good standing certificate from the applicable Governmental Authority of such Credit Party’s jurisdiction of incorporation, organization or formation, each dated the Restatement
Effective Date or a recent date prior thereto; and (v) signature and incumbency certificates of one or more officers of Borrower who are authorized to execute Funding Notices delivered under this Agreement, in substantially the form of Exhibit K
(with such amendments or modifications as may be approved by Administrative Agent). 
 (c) Consummation of
Transactions. 
 (i) There shall not exist any “Event of Default” under and as defined in the ABL Credit
Agreement and the Senior Indentures. 
 (ii) Administrative Agent shall have received reasonably satisfactory confirmation
that the transactions described in clauses (i) and (iii) of the definition of “Transactions” shall occur substantially concurrently with or immediately after the making of (or conversion to) the Loans hereunder. 

(d) Flood Determination. Administrative Agent shall have received (A) a completed Flood Certificate with respect to each
Restatement Effective Date Mortgaged Property, which Flood Certificate shall (x) be addressed to the Administrative Agent and (y) otherwise comply with the Flood Program; (B) if the Flood Certificate states that such Restatement Effective Date
Mortgaged Property is located in a Flood Zone, Borrower’s written acknowledgment of receipt of written notification from the Administrative Agent (x) as to the existence of such Restatement Effective Date Mortgaged Property and (y) as to
whether the community in which each Restatement Effective Date Mortgaged Property is located is participating in the Flood Program; and (C) if such Restatement Effective Date Mortgaged Property is located in a Flood Zone and is located in a
community that participates in the Flood Program, evidence that Borrower has obtained a policy of flood insurance that is in compliance with all applicable requirements of the Flood Program. 

  
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 (e) Personal Property Collateral. Each Credit Party shall have delivered
to Administrative Agent: 
 (i) evidence satisfactory to Administrative Agent of the compliance by each Credit Party of their
obligations under the Pledge and Security Agreement and the other Collateral Documents (including their obligations to execute or authorize, as applicable, and deliver UCC financing statements, originals of securities, instruments and chattel paper
as provided therein); 
 (ii) a completed Collateral Questionnaire dated the Restatement Effective Date and executed by an
Authorized Officer of each Credit Party, together with all attachments contemplated thereby; and 
 (iii) evidence that all
stock certificates representing the Pledged Equity Interests (as defined in the Pledge and Security Agreement) issued by each Domestic Subsidiary and instruments evidencing the Pledged Debt (as defined in the Pledge and Security Agreement), in each
case required to be delivered to the Collateral Agent pursuant to the Credit Documents, together with duly executed instruments of transfer have been delivered to Collateral Agent. 

(f) Evidence of Insurance. Administrative Agent shall have received a certificate from the applicable Credit
Party’s insurance broker or other evidence satisfactory to it that all insurance required to be maintained pursuant to Section 5.5 is in full force and effect, together with endorsements naming Collateral Agent, for the benefit of Term
Loan/Notes Secured Parties, as additional insured and loss payee thereunder to the extent required under Section 5.5; provided, however, that to the extent such certificate, endorsements or other evidence is not delivered on the
Restatement Effective Date, the Credit Parties shall be required to satisfy such condition on a post-closing basis pursuant to Section 5.15. 

(g) Opinions of Counsel to Credit Parties. Agents and Lenders and their respective counsel shall have received
originally executed copies of the favorable written opinions of Skadden, Arps, Slate, Meagher & Flom LLP, special New York counsel for Credit Parties, and Janet Link, General Counsel of Holdings, as to such matters as Administrative Agent and
Collateral Agent may reasonably request, dated as of the Restatement Effective Date and in form and substance reasonably satisfactory to Administrative Agent (and each Credit Party hereby instructs such counsel to deliver such opinions to Agents and
Lenders). 
 (h) Fees. Borrower shall have paid to each Agent the reasonable and documented fees payable on or before
the Restatement Effective Date referred to in Section 2.11(a) and (b) and all reasonable and documented expenses payable pursuant to Section 10.2 which have accrued to the Restatement Effective Date. 

(i) Restatement Effective Date Certificate. Holdings and Borrower shall have delivered to Administrative Agent an
originally executed Restatement Effective Date Certificate, together with all attachments thereto. 
 (j) No
Litigation. There shall not exist any actions, suits or proceedings by or before any Governmental Authority enjoining the financing contemplated by this Agreement. 

(k) Letter of Direction. Administrative Agent shall have received duly executed instructions from Borrower addressed to
Administrative Agent, on behalf of itself and Lenders, directing the disbursement on the Restatement Effective Date of the proceeds of the Loans made on such date. 

  
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 (l) Patriot Act. At least 5 days prior to the Restatement Effective Date,
the Lenders shall have received all documentation and other information required by bank regulatory authorities under applicable “know-your-customer” and anti-money laundering rules and regulations, including the Uniting and Strengthening
America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001) the “PATRIOT Act”), to the extent that such information was requested by the
Lenders at least 10 days prior to the Restatement Effective Date. 
 (m) Agency Transfer and Intercreditor Agreements.
The Administrative Agent and the Collateral Agent shall have each received (i) a copy of the Agency Transfer Agreement, executed by the Former Agent, the Administrative Agent, the Collateral Agent and the Credit Parties, (ii) a copy of the Pari
Passu Intercreditor Agreement, executed by the Collateral Agent and the Administrative Agent and acknowledged by the Credit Parties and (iii) a copy of the ABL Intercreditor Agreement, executed by Wells Fargo Bank, National Association, as
administrative agent under the ABL Credit Agreement, and the Collateral Agent. 
 3.2. Conditions to Each Credit Extension. 

(a) Conditions Precedent. The obligation of each Lender to make (or convert) any Loan on any Credit Date, including the Restatement
Effective Date, are subject to the satisfaction, or waiver in accordance with Section 10.5, of the following conditions precedent: 

(i) Administrative Agent shall have received a fully executed and delivered Funding Notice; 

(ii) as of such Credit Date, the representations and warranties contained herein and in the other Credit Documents shall be
true and correct in all material respects on and as of that Credit Date to the same extent as though made on and as of that date, except to the extent such representations and warranties specifically relate to an earlier date, in which case such
representations and warranties shall have been true and correct in all material respects on and as of such earlier date; provided that, in each case, such materiality qualifier shall not be applicable to any representations and warranties
that already are qualified or modified by materiality in the text thereof; and 
 (iii) as of such Credit Date, no event
shall have occurred and be continuing or would result from the consummation of the applicable Credit Extension that would constitute an Event of Default or a Default. 

(b) Notices. Any Notice shall be executed by an Authorized Officer in a writing delivered to Administrative Agent. In lieu of
delivering a Notice, Borrower may give Administrative Agent telephonic notice by the required time of any proposed borrowing or conversion/continuation, as the case may be; provided each such notice shall be promptly confirmed in writing by
delivery of the applicable Notice to Administrative Agent on or before the close of business on the date that the telephonic notice is given. In the event of a discrepancy between the telephone notice and the written Notice, the written Notice shall
govern. In the case of any Notice that is irrevocable once given, if Borrower provides telephonic notice in lieu thereof, such telephone notice shall also be irrevocable once given. Neither Administrative Agent nor any Lender shall incur any
liability to Borrower in acting upon any telephonic notice referred to above that Administrative Agent believes in good faith to have been given by a duly authorized officer or other person authorized on behalf of Borrower or for otherwise acting in
good faith. 

  
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	 	SECTION 4.	REPRESENTATIONS AND WARRANTIES 

 In order to induce Agents and Lenders to enter into this
Agreement and to make each Credit Extension to be made thereby, each Credit Party represents and warrants to each Agent and Lender, on the Restatement Effective Date and on each Credit Date, that the following statements are true and correct (it
being understood and agreed that the representations and warranties made on the Restatement Effective Date are deemed to be made concurrently with and giving effect to the consummation of the Transactions): 

4.1. Organization; Requisite Power and Authority; Qualification. Each of the Credit Parties is duly organized, validly existing
and in good standing under the laws of the jurisdiction of its organization, has all requisite power and authority to carry on its business as now conducted and is qualified to do business in, and is in good standing in, every jurisdiction where
such qualification is required, except, in each case, where the failure to do so, individually or in the aggregate, would not result in a Material Adverse Effect. 

4.2. Equity Interests and Ownership. The Equity Interests of each of the Material Subsidiaries of Borrower have been duly
authorized and validly issued and are fully paid and non-assessable. Except as set forth on Schedule 4.2, as of the date hereof, there is no existing option, warrant, call, right, commitment or other
agreement to which any Material Subsidiary of Borrower is a party requiring, and there is no membership interest or other Equity Interests of any Material Subsidiary of Borrower outstanding which upon conversion or exchange would require, the
issuance by any Material Subsidiary of Borrower of any additional membership interests or other Equity Interests of any Material Subsidiary of Borrower or other Securities convertible into, exchangeable for or evidencing the right to subscribe for
or purchase, a membership interest or other Equity Interests of any Material Subsidiary of Borrower. Schedule 4.2 correctly sets forth the ownership interest of Borrower and each of its Material Subsidiaries in their respective Material
Subsidiaries as of the Restatement Effective Date. 
 4.3. [Reserved]. 

4.4. Governmental Consents; No Conflict. The Transactions (a) do not require any consent or approval of, registration or filing
with, or any other action by, any Governmental Authority, except (i) such as have been obtained or made and are in full force and effect or as to which the failure to be made or obtained and to be in full force and effect would not result in a
Material Adverse Effect, (ii) filings necessary to perfect Liens created under the Pledge and Security Agreement and the Mortgages and (iii) filings of periodic reports with the Securities and Exchange Commission, (b) will not violate any law or
regulation or the charter, by-laws or other Organizational Documents of Holdings or any Subsidiary or any material order of any Governmental Authority applicable to such Person except, in each case, as would not reasonably be expected to have a
Material Adverse Effect, (c) will not violate or result in a default under any material provision of any indenture, agreement or other instrument binding upon Holdings or any of its Subsidiaries or its assets, or give rise to a right thereunder to
require any payment to be made by Holdings or any Subsidiary, (d) will not result in the creation or imposition of, or the requirement to impose, any Lien on any asset of Holdings or any of its Subsidiaries, except Liens created under the Collateral
Documents, and (e) do not require any approval of stockholders, members or partners or any approval or consent of any Person under any Contractual Obligation of Holdings or any of its Subsidiaries, except for such approvals or consents which will be
obtained on or before the Restatement Effective Date and disclosed in writing to Lenders and except for any such approvals or consents the failure of which to obtain will not have a Material Adverse Effect. 

  
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 4.5. [Reserved]. 

4.6. Binding Obligation. The Transactions to be entered into by each Credit Party are within such Credit Party’s organizational
powers and have been duly authorized by all necessary organizational and, if required, stockholder action. This Agreement and each other Credit Document has been duly executed and delivered by each Credit Party party thereto and constitutes a legal,
valid and binding obligation of such Credit Party, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer or other laws affecting creditors’ rights generally and
subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. 
 4.7. Historical
Financial Statements. Holdings has heretofore furnished to the Lenders the Historical Financial Statements, which shall be deemed to have been furnished to the Lenders by inclusion as part of its 10-K or 10-Q filings filed on or prior to
the Restatement Effective Date. The Historical Financial Statements present fairly, in all material respects, the financial position and results of operations and cash flows of Holdings and its consolidated Subsidiaries as of the respective
dates thereof and for the respective periods thereof in accordance with GAAP, subject to normal year end audit adjustments and the absence of certain footnotes in the case of any such unaudited financial statements. 

4.8. [Reserved]. 

4.9. No Material Adverse Change. Since January 30, 2016, except as disclosed in Holdings’ publicly available filings with the
United States Securities and Exchange Commission on or prior to the Restatement Effective Date (excluding “risk factor” or other forward looking disclosure), there has not occurred any event, circumstance or change that has resulted in or
could reasonably be expected to result in a material adverse change in or effect on the financial position or results of operations of Holdings and its Subsidiaries. 

4.10. [Reserved]. 

4.11. Litigation. There are no actions, suits or proceedings by or before any Governmental Authority enjoining the financing
contemplated by this Agreement. 
 4.12. Payment of Taxes. Each of Holdings and its Subsidiaries has timely filed or caused to
be filed all Tax returns and reports required to have been filed and has paid or caused to be paid all Taxes shown to be due and payable on such returns, except (a) Taxes that are being contested in good faith by appropriate proceedings and for
which Holdings or such Subsidiary, as applicable, has set aside on its books adequate reserves or (b) to the extent that the failure to do so would not result in a Material Adverse Effect. 

4.13. Properties. 
 (a)
Title. Each of Holdings and its Subsidiaries has good title to, or valid leasehold or other property interests in, all its real and personal property material to the business of Holdings and its Subsidiaries (taken as a whole), except
for Liens permitted under Section 6.2 and minor defects in title and leases being contested, in each case, that do not materially interfere with its ability to conduct its business as currently conducted or to utilize such properties for their
intended purposes. 
 (b) Intellectual Property. Each of Holdings and its Subsidiaries owns, or is licensed to use, all
trademarks, tradenames, copyrights, patents and other Intellectual Property material to its business, and the use thereof by Holdings and its Subsidiaries does not infringe upon the rights of any other Person, except for any defects in ownership or
licenses and any such infringements that, individually or in the aggregate, would not result in a Material Adverse Effect. 

  
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 (c) Real Estate. As of the Restatement Effective Date, Schedule 4.13 contains a true,
accurate and complete list setting forth (i) the address of each of the Real Estate Assets, (ii) the type/use of such Real Estate Assets, (iii) the Credit Party that owns interests in such Real Estate Assets and (iv) the real estate interest held by
such Credit Party. The ground lease or lease, as applicable, pursuant to which any Credit Party holds any interest in any Real Estate Asset is in full force and effect, and neither Holdings nor any Subsidiary of Holdings has knowledge of any default
that has occurred and is continuing thereunder, and each such agreement constitutes the legally valid and binding obligation of each applicable Credit Party, enforceable against such Credit Party in accordance with its terms, except as enforcement
may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors’ rights generally or by equitable principles, except to the extent that any failure of any of the foregoing, individually or
in the aggregate, would not result in a Material Adverse Effect. 
 4.14. Environmental Matters. Except for the Disclosed
Matters and except with respect to any other matters that, individually or in the aggregate, would not result in a Material Adverse Effect, neither Holdings nor any of its Subsidiaries (i) is in violation of any Environmental Law or has failed to
obtain, maintain or comply with any permit, license or other approval required under any Environmental Law, (ii) has become subject to any Environmental Liability, (iii) has received notice of any claim with respect to any Environmental Liability or
(iv) knows of any basis for any Environmental Liability. Since the Restatement Effective Date, there has been no change in the status of the Disclosed Matters that, individually or in the aggregate, has resulted in, or materially increased the
likelihood of, a Material Adverse Effect. 
 4.15. Compliance with Laws and Agreements; No Defaults. Each of Holdings and its
Subsidiaries is in compliance with all laws, regulations and orders of any Governmental Authority applicable to it or its property and all material agreements and other material instruments binding upon it or its property, except where the failure
to do so, individually or in the aggregate, would not result in a Material Adverse Effect. No Default or Event of Default has occurred and is continuing. No Credit Party or Subsidiary, nor to the knowledge of any Credit Party, any director, officer,
agent, employee or Affiliate of any Credit Party or Subsidiary is a Person that is (i) the subject of any sanctions administered or enforced by The Office of Foreign Assets Control of the United States Treasury Department, the U.S. Department of
State, or other relevant sanctions authority (collectively, “Sanctions”), or (ii) located, organized or resident in a country or territory that is, or whose government is, the subject of Sanctions; and Borrower will not directly or
indirectly use the proceeds of the Loans or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other Person, (A) to fund any activities or business of or with any Person, or in any country or
territory, that, at the time of such funding, is, or whose government is, the subject of Sanctions, or (B) in any other manner that would result in a violation of Sanctions by any Person (including any Person participating in the Loans, whether as
underwriter, advisor, investor, or otherwise). No part of the proceeds of the Loans made hereunder will be used by any Credit Party or any of their Affiliates, directly or indirectly, for any payments to any governmental official or employee,
political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of the United States Foreign
Corrupt Practices Act of 1977, as amended. 
 4.16. [Reserved]. 

  
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 4.17. Governmental Regulation. No Credit Party is an “investment company” as
defined in, or subject to regulation under, the Investment Company Act of 1940. 
 4.18. Federal Reserve Regulations; Exchange Act.

 (a) None of Holdings, Borrower or any of their Subsidiaries is engaged principally, or as one of its important activities, in the
business of extending credit for the purpose of buying or carrying Margin Stock. 
 (b) No portion of the proceeds of any Loan shall be used
in any manner, whether directly or indirectly, that causes or could reasonably be expected to cause, such Loan or the application of such proceeds to violate Regulation T, Regulation U or Regulation X of the Board of Governors or any
other regulation thereof or to violate the Exchange Act. 
 4.19. Employee Matters. Neither Holdings nor any of its Subsidiaries
is engaged in any unfair labor practice that could reasonably be expected to have a Material Adverse Effect. There is (a) no unfair labor practice complaint pending against Holdings or any of its Subsidiaries, or to the best knowledge of Holdings
and Borrower, threatened against any of them before the National Labor Relations Board and no grievance or arbitration proceeding arising out of or under any collective bargaining agreement that is so pending against Holdings or any of its
Subsidiaries or to the knowledge of Holdings and Borrower, threatened against any of them, (b) no strike or work stoppage in existence or, to the knowledge of Holdings and Borrower, threatened involving Holdings or any of its Subsidiaries, and (c)
to the best knowledge of Holdings and Borrower, no union organization activity that is taking place with respect to the employees of Holdings or any of its Subsidiaries, except (with respect to any matter specified in clause (a), (b) or (c) above)
such as is not reasonably likely, individually or in the aggregate, to have a Material Adverse Effect. 
 4.20. Employee Benefit
Plans. No ERISA Event has occurred or is reasonably expected to occur that, when taken together with all other such ERISA Events for which liability is reasonably expected to occur, would result in a Material Adverse Effect. Except as would
not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect,) as of the most recent valuation for any Plan, no Plan had any Unfunded Pension Liability, and to the best knowledge of Holdings and Borrower, there has
been no change in the funding status of any Plan since the valuation date of such recent valuation that would reasonably be expected to have a Material Adverse Effect. 

4.21. [Reserved]. 

4.22. Solvency. As of the Restatement Effective Date, after giving effect to the Loans incurred on the Restatement Effective Date,
the Borrower and its Subsidiaries are, on a consolidated basis, Solvent. 
 4.23. [Reserved]. 

4.24. [Reserved]. 

4.25. Disclosure. Neither the Marketing Materials nor any of the other reports, certificates or other written information (other than
projections (the “projections”) and other forward looking information and information of a general economic or industry nature) (collectively, the “information”) furnished by or on behalf of any Credit Party to any
Agent or any Lender in connection with the negotiation of this Agreement or any other Credit Document or delivered hereunder (as modified or supplemented by other information so furnished and taken as a whole with all such other information), 

  
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when furnished or modified or supplemented, contains any untrue statement of a material fact or omits to state any material fact necessary to make the statements therein, in the light of the
circumstances under which they were made, not materially misleading. The projections furnished by or on behalf of any Credit Party to any Agent or any Lender in connection with the negotiation of this Agreement or delivered hereunder (as modified or
supplemented by other information so furnished and taken as a whole with all other information), have been or will be prepared in good faith based upon assumptions that are reasonable at the time made and at the time the projections are made
available to any Agent or any Lender by any Credit Party (it being understood that such projections are forward looking statements which by their nature are subject to significant uncertainties and contingencies, many of which are beyond the control
of the Credit Parties, and that actual results may differ, and such differences may be material, from those expressed or implied in such projections, and no assurance can be given that the projections will be realized). 

4.26. EEA Financial Institutions. No Credit Party is an EEA Financial Institution. 

4.27. PATRIOT Act. To the extent applicable, each Credit Party is in compliance, in all material respects, with (i) the
Trading with the Enemy Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 C.F.R., Subtitle B, Chapter V, as amended) and any other enabling legislation or executive order relating
thereto, and (ii) the PATRIOT Act. 
  

	 	SECTION 5.	AFFIRMATIVE COVENANTS 

 Each Credit Party covenants and agrees that, so long as any
Commitment is in effect and until payment in full of all Obligations (other than unasserted contingent obligations), each Credit Party shall perform, and shall cause each of its Subsidiaries to perform, all covenants in this Section 5. 

5.1. Financial Statements and Other Reports. Holdings will deliver to Administrative Agent for distribution to each Lender
(except as otherwise expressly required below): 
 (a) Quarterly Financial Statements. As soon as available, and in
any event within 45 days after the end of each of the first three Fiscal Quarters of each Fiscal Year of Holdings, its consolidated balance sheets and related statements of operations, stockholders’ equity and cash flows as of the end of and
for such Fiscal Quarter and the then elapsed portion of the Fiscal Year, setting forth in each case in comparative form the figures for the corresponding period or periods of (or, in the case of the balance sheet, as of the end of) the previous
Fiscal Year, all certified by one of its Financial Officers as presenting fairly in all material respects the financial condition and results of operations of Holdings and its consolidated Subsidiaries on a consolidated basis in accordance with
GAAP, subject to normal year-end audit adjustments and the absence of footnotes; 
 (b) Annual Financial Statements.
As soon as available, and in any event within 90 days after the end of each Fiscal Year of Holdings, its audited consolidated balance sheets and related statements of operations, stockholders’ equity and cash flows as of the end of and for such
year, setting forth in each case in comparative form the figures for the previous fiscal year, all reported on by KPMG LLP or other independent public accountants of recognized national standing (without a “going concern” or like
qualification or exception and without any qualification or exception as to the scope of such audit) to the effect that such consolidated financial statements present fairly in all material respects the financial condition and results of operations
of Holdings and its consolidated Subsidiaries on a consolidated basis in accordance with GAAP; 

  
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 (c) Compliance Certificate. Together with each delivery of financial
statements of Holdings and its Subsidiaries pursuant to Sections 5.1(a) and 5.1(b), a duly executed and completed Compliance Certificate of a Financial Officer of Holdings or Borrower (i) certifying as to whether a Default has occurred and is
continuing on the date thereof and, if a Default has occurred and is continuing on such date, specifying the details thereof and any action taken or proposed to be taken with respect thereto, and (ii) stating whether any change in GAAP or in
the application thereof has occurred since the date of the most recent audited financial statements referred to in Section 4.7 or delivered pursuant to clause (b) above and, if any such change has occurred, specifying the effect of such change
on the financial statements accompanying such certificate; 
 (d) [Reserved]; 

(e) Notice of Default. Promptly upon any Financial Officer or other executive officer obtaining knowledge (i) of
the occurrence of any Default or any Event of Default, or (ii) of any other development that results in, or would reasonably be expected to result in, a Material Adverse Effect, a certificate of a Financial Officer or other executive officer of
Borrower setting forth the details of the event or development requiring such notice and any action taken or proposed to be taken with respect thereto; 

(f) Notice of Litigation. Promptly upon any Financial Officer or other executive officer obtaining knowledge of the
filing or commencement of any action, suit or proceeding by or before any arbitrator or Governmental Authority against or affecting Holdings, Borrower or any Subsidiary thereof that, if adversely determined, would reasonably be expected to result in
a Material Adverse Effect (other than any Disclosed Matters); 
 (g) ERISA. Promptly upon any Financial Officer
or other executive officer obtaining knowledge of the occurrence of any ERISA Event that, alone or together with any other ERISA Events that have occurred, would result in liability of Holdings and its Subsidiaries in an aggregate amount exceeding
$100,000,000; 
 (h) Financial Plan. Within 90 days after the end of each Fiscal Year, an annual financial forecast
(in a form consistent with forecasts previously provided to or otherwise approved by Administrative Agent) for Holdings and its Subsidiaries for the subsequent Fiscal Year (including a consolidated balance sheet of Holdings and its Subsidiaries as
of the end of the prior fiscal year and consolidated statements of income and cash flows of Holdings and its Subsidiaries for such Fiscal Year) (a “Financial Plan”); 

(i) Insurance Report. Each Credit Party shall deliver to Administrative Agent a copy of a certificate of insurance
evidencing the required coverage on or prior to the Restatement Effective Date and promptly following each renewal or replacement of such policies thereafter. Borrower will furnish to the Administrative Agent, upon its reasonable request,
information in reasonable detail as to the insurance so maintained; 
 (j) Information Regarding
Collateral. Borrower will furnish to Administrative Agent and Collateral Agent prompt written notice of any change (i) in the legal name of any Credit Party, (ii) in the identity or type of organization or corporate structure of any Credit
Party, (iii) in the Federal Taxpayer Identification Number or other identification number of any Credit Party, or (iv) in the jurisdiction of organization of any Credit Party. Holdings and Borrower agree not to effect or permit any change
referred to in the preceding sentence unless all filings have been made under the UCC or otherwise that are required in order for Collateral Agent to continue at all times following such change to have a valid, legal and perfected security interest
in all the Collateral; 

  
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 (k) Annual Collateral Verification. Each year, at the time of
delivery of annual financial statements with respect to the preceding Fiscal Year pursuant to Section 5.1(b), Borrower shall deliver to Administrative Agent (i) a certificate of its Authorized Officer (A) either confirming that there has been no
change in the information set forth in sections I.A.-D., I.H., II.A.-B. and II.E.-G. of the Collateral Questionnaire delivered on the Restatement Effective Date or the date of the most recent certificate delivered pursuant to this Section 5.1 and/or
identifying such changes and (B) certifying that all UCC financing statements (including fixtures filings, as applicable) and all supplemental intellectual property security agreements or other appropriate filings, recordings or registrations, have
been filed of record in each governmental, municipal or other appropriate office in each jurisdiction identified pursuant to clause (A) above (or in such Collateral Questionnaire) to the extent necessary to establish a legal, valid and perfected
security interest in favor of the Collateral Agent (for the benefit of the Term Loan/Notes Secured Parties) in respect of all Collateral in which a Lien may be perfected by filing, recording or registration in the United States (or any political
subdivision thereof), and (ii) upon request by Administrative Agent, a copy of any certificate or other document delivered to the administrative agent or collateral agent under the ABL Credit Agreement updating the information contained in any
perfection certificate or similar document with respect to the ABL Priority Collateral, or certifying that there have been no changes to such information; 

(l) Other Information. (A) Promptly upon their becoming publicly available, copies (or email notice) of all periodic
reports and all registration, proxy statements and prospectuses, if any, filed by any Credit Party with the Securities and Exchange Commission, or any Governmental Authority succeeding to any or all of the functions of said Commission, (B) promptly
after any Credit Party obtains knowledge that (i) Moody’s or S&P shall have announced a change in the Credit Rating established or deemed to have been established by such rating agency, written notice of such Credit Rating change, and (C)
promptly following any request therefor, such other information regarding the operations, business affairs and financial condition of Holdings or any Subsidiary as Administrative Agent or Collateral Agent may reasonably request; provided that
none of Holdings or any of its Subsidiaries will be required to disclose, permit the inspection, examination or making copies or abstracts of, or discussion of, any document, information or other matter that (x) constitutes non-financial trade
secrets or non-financial proprietary information, (y) in respect of which disclosure to the Agent or any Lender (or their respective representatives or contractors) is prohibited by Law or any bona fide binding agreement or (z) is subject to
attorney-client or similar privilege or constitutes attorney work product; and 
 (m) Certification of Public
Information. Holdings, Borrower and each Lender acknowledge that certain of the Lenders may be Public Lenders and, if documents or notices required to be delivered pursuant to this Section 5.1 or otherwise are being distributed through
IntraLinks, SyndTrak or another relevant website or other information platform (the “Platform”), any document or notice that Holdings or Borrower has indicated contains Non-Public Information shall not be posted on that portion of
the Platform designated for such Public Lenders. Each of Holdings and Borrower agrees to use commercially reasonable efforts to clearly designate all information provided to Administrative Agent by or on behalf of Holdings or Borrower which is
suitable to make available to Public Lenders. If Holdings or Borrower has not indicated whether a document or notice delivered pursuant to this Section 5.1 contains Non-Public Information, Administrative Agent reserves the right to post such
document or notice solely on that portion of the Platform designated for Lenders who wish to receive material Non-Public Information with respect to Holdings, its Subsidiaries and their Securities. 

  
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 Documents required to be delivered pursuant to Section 5.1(a), 5.1(b) or 5.1(l) may be delivered
electronically and if so delivered, shall be deemed to have been delivered on the earliest of the date (i) on which Holdings posts such documents, or provides a link thereto on Holdings’ website on the Internet at the website address; (ii) on
which such documents are posted to the Securities and Exchange Commission’s (or any Governmental Authority succeeding to any or all of the functions of said Commission’s) website (including as part of any 10-K or 10-Q filing) or (iii) on
which such documents are posted on Holdings’ behalf on any Platform to which each Lender and Administrative Agent have access (whether a commercial, third-party website or whether sponsored by Administrative Agent); provided that (A)
Holdings shall have notified Administrative Agent of the posting of such documents and (B) in the case of documents required to be delivered pursuant to Section 5.1(a) or (b), Holdings shall deliver electronic copies of such documents to
Administrative Agent if any Lender requests that Holdings deliver such copies until a request to cease delivering copies is given by Administrative Agent at the request of such Lender. Administrative Agent shall have no obligation to request
the delivery of or to maintain copies of the documents referred to above, and in any event shall have no responsibility to monitor compliance by Holdings with any such request for delivery, and each Lender shall be solely responsible for requesting
delivery to it or maintaining its copies of such documents. 
 5.2. Existence. Each Credit Party will, and will cause each of
its Material Subsidiaries to, (a) do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence and (b) except as would not reasonably be expected to have a Material Adverse Effect, take all
reasonable action to preserve, renew and keep in full force and effect its rights, licenses, permits, privileges and franchises; provided that the foregoing clauses (a) and (b) shall not prohibit any merger, consolidation, liquidation,
transfer of assets or dissolution permitted under Section 6.8 and, in the case of an asset transfer, Section 6.7. 
 5.3. Payment of
Taxes. Each of Holdings and the Borrower will, and will cause each of its Subsidiaries to, pay its Tax liabilities, that, if not paid, would result in a Material Adverse Effect before the same shall become delinquent or in default, except
where (a) the validity or amount thereof is being contested in good faith by appropriate proceedings, (b) Holdings, the Borrower or such Subsidiary has set aside on its books adequate reserves with respect thereto in accordance with GAAP and (c) the
failure to make payment pending such contest would not result in a Material Adverse Effect. 
 5.4. Maintenance of
Properties. Each Credit Party will, and will cause each of its Subsidiaries to, keep and maintain all property material to the conduct of the business of Holdings and its Subsidiaries (taken as a whole) in good working order and condition,
ordinary wear and tear, condemnation and casualty loss excepted, except where the failure to do so would not reasonably be expected to have a Material Adverse Effect; provided that the foregoing shall not prohibit the disposition of any
property otherwise permitted by this Agreement; provided, further, that nothing in this Section shall prevent Holdings or any Subsidiary from discontinuing the operations or maintenance of any of its properties, or terminating any
leases of any of its properties, in each case no longer deemed by Holdings or such Subsidiary, as applicable, to be useful in the conduct of its business. 

5.5. Insurance. Each of Holdings and the Borrower will, and will cause each of its Material Subsidiaries to, maintain, (1) with
financially sound and reputable insurance companies or (2) with association or captive insurance companies or pursuant to self-insurance, (a) insurance in such amounts (with no greater risk retention) and against such risks (including physical loss
or damage to the Collateral (including all inventory constituting Collateral)) as are customarily maintained by companies of established repute engaged in the same or similar businesses operating in the same or similar locations. 

  
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Subject to the ABL Intercreditor Agreement, each such policy of insurance shall (i) name Collateral Agent, for the benefit of the Term Loan/Notes Secured Parties, as an additional insured
thereunder as its interests may appear, and policies maintained with respect to any Collateral shall be endorsed or otherwise amended to include a lenders’ loss payable clause in favor of Collateral Agent and providing for losses thereunder to
be payable to Collateral Agent or its designee, provided that, unless an Event of Default shall have occurred and be continuing, (A) Collateral Agent shall turn over to Borrower any amounts received by it as loss payee under any such policies
and (B) Holdings, Borrower and/or the applicable Material Subsidiary shall have the sole right to make, settle and adjust claims in respect of such insurance. Each such policy referred to in this paragraph shall be evidenced by a certificate
pursuant to which the relevant insurance broker will endeavor to provide Collateral Agent (A) at least 10 days’ prior written notice of any cancelation, modification or nonrenewal of any such policy by reason of nonpayment of premium (giving
Collateral Agent the right to cure defaults in the payment of premiums) and (B) at least 30 days’ prior written notice of any cancelation, modification or nonrenewal of any such policy for any reason other than nonpayment of premium. 

5.6. Books and Records; Inspections. Each of Holdings and the Borrower will, and will cause each of its Subsidiaries to, keep proper
books of record and account in accordance with GAAP. Each of Holdings and the Borrower will, and will cause each of its Subsidiaries to, permit any representatives designated by Administrative Agent, upon reasonable prior notice and without
disruption of the normal and ordinary conduct of the business of Holdings, the Borrower or any such Subsidiary, to visit and inspect its properties, to examine and make extracts from its books and records (but Administrative Agent may not have more
than one such visit per any twelve month period except during an Event of Default), and to discuss its affairs, finances and condition with its officers and, if an executive officer or a Financial Officer of Borrower has been afforded an opportunity
to be present, independent accountants (subject to such accountants’ customary policies and procedures), all at such reasonable times during normal business hours and as often as reasonably requested. Notwithstanding anything to the contrary in
this Section 5.6, (i) none of Holdings, the Borrower nor any Subsidiary will be required to disclose, permit the inspection, examination or making copies or abstracts of, or discussion of, any document, information or other matter that (a) in
respect of which disclosure to Administrative Agent or any Lender (or their respective representatives or contractors) is prohibited by law or any bona fide binding agreement or (b) is subject to attorney-client or similar privilege or constitutes
attorney work product; provided that each of Holdings and the Borrower will, and will cause each of its Subsidiaries to, make available redacted versions of requested documents or, if unable to do so consistent with the preservation of such
privilege, shall endeavor in good faith otherwise to disclose information responsive to the requests of Administrative Agent, any Lender or any of their respective related parties, in a manner that will protect such privilege, (ii) no such
inspection of any Real Estate Asset (or any portion thereof) shall be permitted if the same would, or could reasonably be expected to, materially interfere with the use and/or operation of such Real Estate Asset and unless a Credit Party or its
representatives is given the opportunity to be present and (iii) Administrative Agent shall not have the right to perform any Phase I Environmental Site Assessment or any invasive analysis or sampling of any environmental medium, including any Phase
II Environmental Site Investigation or Assessment, without the written authorization of Borrower absent an Event of Default under Section 8.1(a), (f) or (g). 

5.7. Lenders Meetings. Holdings and Borrower will, upon the request of Administrative Agent or Requisite Lenders, participate in a
meeting of Administrative Agent and Lenders once during each Fiscal Year to be held at Borrower’s corporate offices (or at such other location, or by teleconference, in each case as may be agreed to by Borrower and Administrative Agent) at such
time as may be agreed to by Borrower and Administrative Agent. 
 5.8. Compliance with Laws. Each of Holdings and the Borrower
will, and will cause each of its Subsidiaries to, comply with all laws, rules, regulations and orders of any Governmental Authority applicable to it or its property, except where the failure to do so, individually or in the aggregate, would not
result in a Material Adverse Effect. 

  
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 5.9. Environmental. 

(a) Environmental Disclosure. Holdings will deliver to Administrative Agent (for distribution to the Lenders) and Collateral
Agent: 
 (i) as soon as practicable following receipt thereof, copies of all environmental audits, investigations, analyses
and reports of any kind or character, whether prepared by personnel of Holdings or any of its Subsidiaries or by independent consultants, Governmental Authorities or any other Persons, with respect to environmental matters at any Facility or with
respect to any Environmental Claims or Environmental Liabilities, if such environmental matters, Environmental Claims or Environmental Liabilities are reasonably expected to result in a Material Adverse Effect; 

(ii) promptly upon the occurrence thereof, written notice describing in reasonable detail (1) any Release required to be
reported to any Governmental Authority under any applicable Environmental Laws that is reasonably expected to result in a Material Adverse Effect, (2) any remedial action taken by Holdings or any other Person in response to (A) any Hazardous
Materials Activities the existence of which has a reasonable possibility of resulting in one or more Environmental Claims or Environmental Liabilities having, individually or in the aggregate, a Material Adverse Effect, (2) any Environmental
Claims or Environmental Liabilities that, individually or in the aggregate, are reasonably expected to result in a Material Adverse Effect, and (3) Holdings or Borrower’s discovery of any occurrence or condition on any real property adjoining
or in the vicinity of any Real Estate Asset subject to Mortgage under this Agreement that could cause such Real Estate Asset or any part thereof to be subject to any material restrictions on the ownership, occupancy, transferability or use thereof
under any Environmental Laws; 
 (iii) as soon as practicable following the sending or receipt thereof by Holdings or any of
its Subsidiaries, a copy of any material written communications with respect to (1) any Environmental Claims or Environmental Liabilities that, individually or in the aggregate, are reasonably expected to give rise to a Material Adverse Effect, (2)
any Release required to be reported to any Governmental Authority that is reasonably expected to result in a Material Adverse Effect, and (3) any request for information from any Governmental Authority that suggests such Governmental Authority is
investigating whether Holdings or any of its Subsidiaries may be potentially responsible for any Hazardous Materials Activity if such investigation is reasonably expected to give rise to a Material Adverse Effect; and 

(iv) with reasonable promptness, such other documents and information as from time to time may be reasonably requested by
Administrative Agent or Collateral Agent in relation to any matters disclosed pursuant to this Section 5.9(a). 
 (b) Hazardous
Materials, Etc. Each Credit Party shall promptly take, and shall cause each of its Subsidiaries promptly to take, any and all commercially reasonable actions to (i) cure any violation of applicable Environmental Laws by such Credit Party or
its Subsidiaries that could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, and (ii) make an appropriate response to any Environmental Claim or Environmental Liabilities against such Credit Party or any
of its Subsidiaries and discharge any obligations it may have to any Person thereunder where failure to do so could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. 

  
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 5.10. Subsidiaries. 

(a) Subject to Section 5.10(b), if any wholly owned Domestic Subsidiary of Borrower (other than any Domestic Subsidiary, substantially all of
the assets of which consist of Equity Interests in one or more Foreign Subsidiaries) becomes a Material Subsidiary, guarantees or becomes a borrower in respect of the obligations under the ABL Credit Agreement, or otherwise is required to become a
Guarantor after the Restatement Effective Date, Holdings and Borrower shall, within fifteen Business Days after such wholly-owned Domestic Subsidiary becomes a Material Subsidiary, guarantees or becomes a borrower in respect of the obligations under
the ABL Credit Agreement, or is required to become a Guarantor (as applicable), notify Administrative Agent and the Lenders thereof and promptly (i) cause such wholly-owned Domestic Subsidiary to become a Guarantor hereunder and a Grantor under the
Pledge and Security Agreement by executing and delivering to Administrative Agent and Collateral Agent a Counterpart Agreement, (ii) obtain all consents and approvals required to be obtained by it in connection with the execution and delivery of the
Collateral Documents and the performance of its obligations thereunder and the granting by it of the Liens thereunder, and (iii) take all such actions and execute and deliver, or cause to be executed and delivered, all such documents, instruments,
agreements, and certificates reasonably requested by Administrative Agent in order to create (A) Liens in favor of the Collateral Agent on any Material Real Estate Assets and (B) the Liens intended to be created by the Pledge and Security Agreement
and to perfect such Liens to the extent required by, and with the priority required by, the Pledge and Security Agreement and the Intercreditor Agreements, in each case including those which are similar to those described in Sections 3.1(b), 3.1(d),
3.1(e), 3.1(f), 3.1(g), 5.16(a)(i), 5.16(a)(ii), 5.16(a)(v), 5.16(a)(vii), 5.16(a)(viii) and 5.16(a)(ix). In the event that any Person becomes a Foreign Subsidiary of Borrower (including any Domestic Subsidiary, substantially all of the assets of
which consist of Equity Interests in one or more Foreign Subsidiaries), and the ownership interests of such Foreign Subsidiary are owned by Borrower or by any wholly owned Domestic Subsidiary thereof that is or becomes a Material Subsidiary,
guarantees or becomes a borrower in respect of the obligations under the ABL Credit Agreement, or otherwise is required to become a Guarantor after the Restatement Effective Date, Borrower shall, or shall cause such wholly-owned Domestic Subsidiary
to, deliver, all such documents, instruments, agreements, and certificates as are similar to those described in Section 3.1(b), and Borrower shall take, or shall cause such wholly-owned Domestic Subsidiary that is required to be a Guarantor to take,
all of the actions referred to in Section 3.1(e) necessary to grant and to perfect a First Priority Lien in favor of Collateral Agent, for the benefit of Term Loan/Notes Secured Parties, under the Pledge and Security Agreement in 65% of such voting
ownership interests and 100% of such non-voting ownership interests. With respect to each such wholly owned Domestic Subsidiary, Borrower shall promptly send to Administrative Agent written notice setting forth with respect to such Person
(i) the date on which such Person became a Subsidiary of Borrower, and (ii) all of the data required to be set forth in Schedule 4.2 with respect to all Subsidiaries of Borrower; and such written notice shall be deemed to supplement
Schedule 4.2 for all purposes hereof. 
 (b) Notwithstanding anything to the contrary herein, in no event shall the Collateral include
(i) any Real Estate Assets which are not Material Real Estate Assets and (ii) Excluded Assets (as such term is defined in the Pledge and Security Agreement). 

5.11. Additional Material Real Estate Assets. Subject to Section 5.10(b), in the event that any Credit Party acquires or
designates after the Restatement Effective Date a Material Real Estate Asset and such interest in such Material Real Estate Asset is not otherwise subject to a Permitted Lien described in Section 6.2(d) that prohibits a Lien in favor of the
Collateral Agent and is not otherwise excluded from the Collateral by the definition of Excluded Assets, then such Credit Party shall promptly take all such actions and execute and deliver, or cause to be executed and delivered, all such mortgages,
documents, instruments, agreements, opinions and certificates, including those which are similar to those described in Sections 3.1(d), 5.16(a)(i), 5.16(a)(ii), 5.16(a)(v), 5.16(a)(vii), 5.16(a)(viii) and 5.16(a)(ix) with respect to 

  
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each such Material Real Estate Asset that Administrative Agent shall reasonably request to create in favor of Collateral Agent, for the benefit of Term Loan/Notes Secured Parties, a valid and,
subject to any filing and/or recording referred to herein, perfected First Priority security interest in such Material Real Estate Assets. In addition to the foregoing, Borrower shall, at the request of Administrative Agent, deliver to
Administrative Agent or cooperate as necessary for the Administrative Agent to obtain, from time to time, such appraisals as are required by law or regulation of Real Estate Assets with respect to which Collateral Agent has been granted a Lien. 

5.12. [Reserved]. 

5.13. Further Assurances. Each Credit Party will execute any and all further documents, financing statements, agreements and
instruments, and take all such further actions, which may be required under any applicable law, or which Administrative Agent may reasonably request, to ensure that the Obligations are guaranteed by the Guarantors and are secured by substantially
all of the assets of the Credit Parties and all of the outstanding Equity Interests of each Guarantor Subsidiary (subject to limitations contained in Section 5.10(b) and in the Credit Documents), all at the expense of the Credit
Parties. Holdings and Borrower also agree to provide to Administrative Agent from time to time upon reasonable request, evidence reasonably satisfactory to Administrative Agent as to the perfection and priority of the Liens created or intended
to be created by the Collateral Documents, including, if so requested by Administrative Agent, by entering into amendments or modifications to the Mortgages. 

5.14. Maintenance of Ratings. Unless otherwise consented to by Requisite Lenders, Holdings and Borrower will use commercially
reasonable efforts to maintain continuously in effect (i) a Credit Rating from each of Moody’s and S&P in respect of Holdings and (ii) a credit rating of the Loans from each of Moody’s and S&P. 

5.15. Post-Closing Matters. Each of the Credit Parties, as applicable, shall satisfy the requirements set forth on Schedule 5.15
on or before the date specified for such requirement. 
 5.16. Post-Closing Real Estate Matters. 

(a) Real Estate Assets. In order to create in favor of Collateral Agent, for the benefit of Term Loan/Notes Secured
Parties, a valid and, subject to any filing and/or recording referred to herein, perfected First Priority Lien and security interest in certain Real Estate Assets, the Borrower and each applicable Guarantor shall deliver to the Collateral Agent
within 30 days of the Restatement Effective Date (subject to extension by the Administrative Agent in its sole discretion): 

(i) with respect to each Restatement Effective Date Mortgaged Property, evidence satisfactory to the Administrative Agent that
such Credit Party has delivered to the Title Company an executed Mortgage for recordation in the appropriate recording office, together with a written direction to record the same and funds sufficient to pay any applicable mortgage tax or other
applicable recording charge; 
 (ii) with respect to each Restatement Effective Date Mortgaged Property, a customary opinion
of (A) local counsel, in each case, opining that (i) each Mortgage is recordable in the applicable jurisdiction; (ii) upon recordation, the Mortgage will constitute a valid lien against the applicable real property; and (iii) the Mortgage is
enforceable against the mortgagor party thereto and (B) outside counsel or in-house counsel, opining that, to the extent not covered in another opinion being delivered by the Credit Parties, the Mortgage has been duly authorized, executed and
delivered by the applicable Credit Party, in each case in form reasonably acceptable to Administrative Agent; 

  
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 (iii) with respect to each Title Policy Property, an ALTA extended coverage
lenders’ policies of title insurance (each, a “Title Policy”) (which shall not include a general mechanics lien exception) and a new survey or an existing survey together with a no-change affidavit sufficient to cause the Title
Company to remove the general survey exception from such Title Policy and issue the survey-related endorsements with respect to the Title Policy Properties; 

(iv) with respect to the fee-owned and ground-leased stores of Holdings and its Subsidiaries identified on
Schedule 5.16(a)(iv), “Letter of value” appraisals from Cushman & Wakefield Inc. (the “Initial Appraisal”); 

(v) for each Restatement Effective Date Mortgaged Property that is not a Title Policy Property, a current title search,
no-change letter or similar title product reasonably acceptable to the Administrative Agent; 
 (vi) with respect to each
Title Policy Property, evidence that such affidavits, certificates, information (including financial data) and instruments of indemnification (including so-called “gap” indemnification) as shall be required to induce the Title Company to
issue the Title Policies have been delivered to the Title Company; 
 (vii) evidence reasonably acceptable to the
Administrative Agent of payment by Borrower of all Title Policy premiums, search and examination charges, escrow charges and related charges, mortgage recording taxes, fees, charges, costs and expenses required for the recording of the Mortgages for
each Restatement Effective Date Mortgaged Property (or Specified Asset) and issuance of the Title Policies and other similar title products contemplated by Section 5.16(a)(v); 

(viii) with respect to each Restatement Effective Date Mortgaged Property that is a Leasehold Property, if required pursuant to
the applicable lease, a copy of the notice to the landlord thereunder providing notice of the lien created by the Mortgage; and 

(ix) proper fixture filings under the Uniform Commercial Code on Form UCC-1 for filing under the Uniform Commercial Code in the
appropriate jurisdiction in which the Restatement Effective Date Mortgaged Properties are located, necessary to perfect the security interests in fixtures purported to be created by the Restatement Effective Date Mortgaged Properties in favor of the
Collateral Agent for the benefit of the Term Loan/Notes Secured Parties; provided, however, that to the extent local counsel opines that any Mortgage would constitute a valid and effective fixture filing in the jurisdiction in which the applicable
Restatement Effective Date Mortgaged Property is located, in form and substance satisfactory to the Administrative Agent, a fixture filing on Form UCC-1 shall not be required with respect to such Restatement Effective Date Mortgaged Property. 

(b) Specified Assets. Notwithstanding Section 5.16(a), with respect to any Material Real Estate Asset that is also
a Specified Asset, Borrower shall not be required to comply with the requirements of Sections 3.1(d), 5.16(a)(i), 5.16(a)(ii), 5.16(a)(v), 5.16(a)(vii), 5.16(a)(viii) and 5.16(a)(ix) with respect to any Specified Asset unless it is still owned by a
Credit Party on the date that is 365 days from the Restatement Effective Date, and shall comply with all such requirements within 365 days from the Restatement Effective Date with respect to Specified Assets still owned on such date. 

  
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	 	SECTION 6.	NEGATIVE COVENANTS 

 Each Credit Party covenants and agrees that, so long as any
Commitment is in effect and until payment in full of all Obligations (other than unasserted contingent obligations), such Credit Party shall perform, and shall cause each of its Subsidiaries to perform, all covenants in this Section 6. 

6.1. Indebtedness. No Credit Party will, nor will it permit any Subsidiary to, create, incur, assume or guarantee, or otherwise be
liable in respect of any Indebtedness, except: 
 (a) the Obligations; 

(b) Indebtedness existing on the Restatement Effective Date and set forth in Schedule 6.1 and amendments, extensions,
renewals, refinancings and replacements, in whole or in part, of any such Indebtedness that do not increase the outstanding principal amount thereof (other than in respect of any accrued interest, premium, fees, costs or expenses payable in
connection with such extension, renewal, refinancing or replacement) or result in an earlier maturity date or decreased weighted average life thereof; provided, that (i) no additional direct or contingent obligors may become liable in respect
of such Indebtedness existing on the Restatement Effective Date (or any amendments, extensions, renewals, refinancings and replacements of such Indebtedness otherwise permitted pursuant to this clause (b)), (ii) such Indebtedness (and any
amendments, extensions, renewals, refinancings and replacements of such Indebtedness otherwise permitted pursuant to this clause (b)) shall not be secured by any assets other than the assets securing the Indebtedness as of the Restatement Effective
Date and (iii) in the case of any such Indebtedness constituting intercompany Indebtedness of a Credit Party to a non-Credit Party, such Indebtedness (and any amendments, extensions, renewals, refinancings and replacements of such Indebtedness
otherwise permitted pursuant to this clause (b)) shall be non-cash pay, non-amortizing, and without covenants or defaults other than non-payment at maturity; 

(c) Indebtedness of Holdings and Borrower under the 1994 Indenture, the 2014 Indenture and the 2023 Indenture existing on the
Restatement Effective Date after giving effect to the Transactions and extensions, renewals, refinancings and replacements, in whole or in part, of such Indebtedness that do not increase the outstanding principal amount thereof (other than in
respect of any accrued interest, premium, fees, costs or expenses payable in connection with such extension, renewal, refinancing or replacement) or result in an earlier maturity date or decreased weighted average life thereof; provided that
(i) no additional direct or contingent obligors may become liable in respect of such Indebtedness existing on the Restatement Effective Date (or any extensions, renewals, refinancings and replacements of such Indebtedness otherwise permitted
pursuant to this clause (c)) and (ii) such Indebtedness (and any extensions, renewals, refinancings and replacements of such Indebtedness otherwise permitted pursuant to this clause (c)) shall not be secured by any assets of Borrower or any
Subsidiary thereof; 
 (d) Indebtedness of Holdings or Borrower to any Subsidiary or any Excluded Subsidiary and of any
Subsidiary to Holdings or any other Subsidiary; provided that any such Indebtedness owing by any Subsidiary that is not a Credit Party to any Credit Party shall be incurred in compliance with Section 6.6; provided, further that
(i) all such Indebtedness owing by a non-Credit Party to a Credit Party shall be evidenced by an intercompany note that is in form and substance reasonably acceptable to the Administrative Agent and shall be subject to a First

  
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Priority Lien pursuant to the Pledge and Security Agreement, (ii) all such Indebtedness owed by a Credit Party to a non-Credit Party shall be unsecured and subordinated in right of payment to the
payment in full of the Obligations, (iii) any payment by any such Subsidiary that is a Guarantor Subsidiary under any guaranty of the Obligations shall result in a pro tanto reduction of the amount of any Indebtedness owed by such Subsidiary to
Borrower or to any of its Subsidiaries for whose benefit such payment is made and (iv) in the case of any such Indebtedness owed by a Credit Party to an Excluded Subsidiary, such Indebtedness shall be unsecured, non-cash pay, non-amortizing, and
without covenants or defaults other than non-payment at maturity; 
 (e) guarantees by Holdings or any of its Subsidiaries of
Indebtedness of (i) so long as such Subsidiary also guarantees the Obligations on a pari passu basis, any Credit Party or (ii) any other Subsidiary; provided that such guarantees of Indebtedness of Subsidiaries that are not
Credit Parties are incurred in compliance with Section 6.6; and provided, further that no Subsidiary of Borrower may guaranty any Indebtedness of the types described in clauses (b) (except with respect to Capital Lease Obligations
identified on Schedule 6.1), (c), (i) or (o) of this Section 6.1; 
 (f) Permitted Indebtedness; 

(g) Indebtedness of Holdings or any Subsidiary incurred to finance the acquisition, construction or improvement of any fixed or
capital assets (other than real property or fixtures constituting Collateral as of the Restatement Effective Date or required to become Collateral pursuant to Section 5.16) or to finance the acquisition of computer hardware or software or other
information technology assets, including Capital Lease Obligations and any Indebtedness assumed in connection with the acquisition of any such assets or secured by a Lien on any such assets prior to the acquisition thereof, and extensions, renewals,
refinancings and replacements of any such Indebtedness that do not increase the outstanding principal amount thereof (other than in respect of any accrued interest, premium, fees, costs or expenses payable in connection therewith); provided
that (i) such Indebtedness is incurred prior to or within 180 days after such acquisition or the completion of such construction or improvement and (ii) the aggregate principal amount of Indebtedness permitted by this clause (g) shall not exceed
$750,000,000 at any time outstanding; 
 (h) Indebtedness of any Person that becomes a Subsidiary after the Restatement
Effective Date and extensions, renewals, refinancings and replacements of any such Indebtedness that do not increase the outstanding principal amount thereof (other than in respect of any accrued interest, premium, fees, costs or expenses payable in
connection therewith); provided that (i) such Indebtedness exists at the time such Person becomes a Subsidiary and is not created in contemplation of or in connection with such Person becoming a Subsidiary, (ii) the aggregate principal amount
of Indebtedness permitted by this clause (h) shall not exceed $500,000,000 at any time outstanding and (iii) after giving effect to such Person becoming a Subsidiary and such Indebtedness, the Fixed Charge Coverage Ratio for the Test Period in
effect at the time such Person becomes a Subsidiary shall not be less than 1.10 to 1.00 (determined on a pro forma basis in accordance with Section 1.2(b) as of the last day of such Test Period); 

(i) Permitted Long-Term Indebtedness; 

(j) Indebtedness under the ABL Credit Agreement; provided that the aggregate principal amount of loans and advances
under the ABL Credit Agreement and unreimbursed obligations under letters of credit incurred under the ABL Credit Agreement shall not exceed $2,650,000,000; provided, further that such Indebtedness, if secured by the ABL Priority
Collateral, constitutes permitted “ABL Secured Obligations” under the ABL Intercreditor Agreement; 

  
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 (k) (i) Permitted Additional Debt (A) that is issued for cash consideration
(which, for the avoidance of doubt, may be issued with original issue discount) to the extent the Refinancing Debt Proceeds thereof are applied on the date of receipt to prepay Loans and (B) so long as, immediately after giving effect to the
incurrence of such Permitted Additional Debt and the application of proceeds therefrom, no Event of Default has occurred and is continuing, and (ii) amendments, extensions, renewals, refinancings and replacements, in whole or in part, of any such
Indebtedness described in clause (i) above that do not increase the outstanding principal amount thereof (other than in respect of any premium, fees, costs or expenses payable in connection with such extension, renewal, refinancing or replacement);
provided that such amendments, extensions, renewals, refinancings and replacements, in whole or in part, of any such Indebtedness (A) shall not have an earlier maturity date or shorter weighted average life than the Indebtedness being
amended, extended, renewed, refinanced or replaced, (B) shall have terms and conditions (other than pricing, rate floors, discounts, fees, call protection, premiums and optional prepayment or redemption provisions) that in the good faith
determination of Borrower are not materially less favorable (when taken as a whole) to Borrower than the terms and conditions of the Indebtedness being amended, extended, renewed, refinanced or replaced (when taken as a whole) (provided that
a certificate of Borrower as to the satisfaction of the conditions described in this clause (B) delivered at least five (5) Business Days prior to the incurrence of such Indebtedness, together with a reasonably detailed description of the material
terms and conditions of such Indebtedness or drafts of documentation relating thereto, stating that Borrower has determined in good faith that such terms and conditions satisfy the foregoing requirements of this clause (B), shall be conclusive
unless Administrative Agent notifies Borrower within such five (5) Business Day period that it disagrees with such determination (including a description of the basis upon which it disagrees)), (C) is not at any time guaranteed by any Person other
than Persons that are Credit Parties and (D) such Indebtedness is not secured by any property or assets of Holdings or any Subsidiary other than the Collateral and any Liens securing such Indebtedness shall not have greater priority compared to the
Liens securing the Loans than the Liens securing the Indebtedness so amended, extended, renewed, refinanced or replaced; 

(l) other Indebtedness in an aggregate principal amount not to exceed $500,000,000 at any time outstanding; 

(m) Indebtedness consisting of letters of credit, guarantees or other credit support provided in respect of trade payables of
Borrower or any Subsidiary, in each case issued for the benefit of any bank, financial institution or other Person that has acquired such trade payables pursuant to “supply chain” or other similar financing for vendors and suppliers of
Borrower or any of its Subsidiaries, so long as (i) other than in the case of Secured Supply Chain Obligations, such Indebtedness is unsecured, (ii) the terms of such trade payables shall not have been extended in connection with the Permitted
Supply Chain Financing and (iii) such Indebtedness represents amounts not in excess of those which Borrower or any of its Subsidiaries would otherwise have been obligated to pay to its vendor or supplier in respect of the applicable trade payables
(“Permitted Supply Chain Financing”); 
 (n) Indebtedness of Holdings or any of its Subsidiaries supported
by a letter of credit issued pursuant to the ABL Credit Agreement, in a principal amount not in excess of the stated amount of such letter of credit; 

  
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 (o) (i) unsecured Indebtedness of Holdings or Borrower convertible into, or by
reference to, common Equity Interests (other than Disqualified Equity Interests) of Holdings or Borrower, (ii) preferred Equity Interests (other than Disqualified Equity Interests) of Holdings convertible into common Equity Interests (other than
Disqualified Equity Interests) of Holdings, (iii) preferred Equity Interests (other than Disqualified Equity Interests) of Holdings, (iv) any “call spread”, “capped call” or similar transactions entered into in connection with
such Indebtedness or preferred Equity Interests (other than Disqualified Equity Interests) or mandatorily convertible units of Indebtedness and such Equity Interests, and (v) mandatorily convertible units of Indebtedness and Equity Interests, so
long as (1) any Indebtedness portion thereof is unsecured and (2) the purchase contract constituting such Equity Interests is for common stock (other than Disqualified Equity Interests); provided that (A) any such Indebtedness is not
guaranteed by any Subsidiary of Holdings (other than Borrower), (B) such Indebtedness or preferred stock does not mature or become mandatorily payable (including pursuant to a mandatory offer to purchase) prior to the 90th day after the Latest
Maturity Date (measured as of the time that such Indebtedness or preferred stock is incurred or issued, as applicable) (other than pursuant to Customary Mandatory Prepayment Terms or the Indebtedness portion of any mandatorily convertible units and
(C) any “net settlement” features of such Indebtedness shall be permitted by Section 6.16; 
 (p) Indebtedness
pursuant to Sale/Leaseback Transactions consummated pursuant to Section 6.10(b) or (c); 
 (q) Indebtedness issued by
Holdings or any of its Subsidiaries to future, current or former officers, directors and employees thereof, their respective estates, spouses or former spouses, in each case to finance the purchase or redemption of Equity Interests (other than
Disqualified Equity Interests) held by any future, present or former employee, director or consultant of Holdings or any of its Subsidiaries pursuant to any management equity plan or stock option plan or any other management or employee benefit plan
or agreement, or any stock subscription or shareholder agreement, in each case to the extent would be permitted by Section 6.4(l) if such purchase or redemption was made as a Restricted Payment; 

(r) unsecured reimbursement obligations in respect of standby letters of credit issued in the ordinary course of business for
the account of Holdings, Borrower, or any other direct or indirect Subsidiary of Holdings so long as only Borrower and Holdings are obligated to reimburse the issuer thereof in the case of any drawing; and 

(s) Indebtedness under the 2016 Notes, and amendments, extensions, renewals, refinancings and replacements, in whole or in
part, of any such Indebtedness that do not increase the outstanding principal amount thereof (other than in respect of any premium, fees, costs or expenses payable in connection with such extension, renewal, refinancing or replacement);
provided that such amendments, extensions, renewals, refinancings and replacements, in whole or in part, of any such Indebtedness (A) shall not have an earlier maturity date or shorter weighted average life than the Indebtedness being
amended, extended, renewed, refinanced or replaced, (B) shall have terms and conditions (other than pricing, rate floors, discounts, fees, premiums and optional prepayment or redemption provisions) that in the good faith determination of Borrower
are not materially less favorable (when taken as a whole) to Borrower than the terms and conditions of the Indebtedness being amended, extended, renewed, refinanced or replaced (when taken as a whole) (provided that a certificate of Borrower as to
the satisfaction of the conditions described in this clause (B) delivered at least five (5) Business Days prior to the incurrence of such Indebtedness, together with a reasonably detailed description of the material terms and conditions of such
Indebtedness or drafts of documentation relating thereto, stating that Borrower 

  
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has determined in good faith that such terms and conditions satisfy the foregoing requirements of this clause (B), shall be conclusive unless Administrative Agent notifies Borrower within such
five (5) Business Day period that it disagrees with such determination (including a description of the basis upon which it disagrees)), (C) is not at any time guaranteed by any Person other than Persons that are Credit Parties, and (D) such
Indebtedness is not secured by any property or assets of Holdings or any Subsidiary other than the Collateral and any Liens securing such Indebtedness shall not have greater priority compared to the Liens securing the Loans than the Liens securing
the Indebtedness so amended, extended, renewed, refinanced or replaced. 
 Notwithstanding the foregoing, no Subsidiary of Borrower shall be permitted to
guarantee, or otherwise become liable (whether direct or indirect) with respect to, Indebtedness otherwise permitted under clauses (b) (except with respect to Capital Lease Obligations identified on Schedule 6.1), (c), (i) or (o) of this Section
6.1. 
 6.2. Liens. No Credit Party will, nor will it permit any Subsidiary to, create, incur, assume or permit to exist any
Lien on any property or asset now owned or hereafter acquired by it, or assign or sell any income or revenues (including accounts receivable) or rights in respect of any thereof, except: 

(a) Liens in favor of Collateral Agent pursuant to any Credit Document to secure the Obligations; 

(b) Permitted Encumbrances; 

(c) any Lien on any property or asset of Holdings or any Subsidiary existing on the Restatement Effective Date and set forth in
Schedule 6.2; provided that (i) such Lien shall not apply to any other property or asset of Holdings or any Subsidiary and (ii) such Lien shall secure only those obligations which it secured on the Restatement Effective Date and
refinancings, extensions, renewals and replacements thereof that do not increase the outstanding principal amount thereof, other than in respect of any accrued interest, premium, fees, costs or expenses payable in connection with such extension,
renewal or replacement; 
 (d) any Lien existing on any property or asset prior to the acquisition thereof by Holdings or any
Subsidiary or existing on any property or asset of any Person that becomes a Subsidiary after the Restatement Effective Date prior to the time such Person becomes a Subsidiary; provided that (i) such Lien is not created in contemplation
of or in connection with such acquisition or such Person becoming a Subsidiary, as the case may be, (ii) such Lien shall not apply to any other property or assets of Holdings or any Subsidiary and (iii) such Lien shall secure only those
obligations which it secures on the date of such acquisition or the date such Person becomes a Subsidiary, as the case may be and refinancings, extensions, renewals and replacements thereof that do not increase the outstanding principal amount
thereof, other than in respect of any accrued interest, premium, fees, costs or expenses payable in connection with such extension, renewal or replacement; 

(e) Liens on fixed or capital assets (other than real property or fixtures constituting Collateral as of the Restatement
Effective Date or required to become Collateral pursuant to Section 5.16) or on computer hardware or software or other information technology assets which are acquired, constructed or improved by Holdings or any Subsidiary; provided that
(i) such security interests secure Indebtedness permitted by clause (g) of Section 6.1, (ii) such security interests and the Indebtedness secured thereby are incurred prior to or within 180 days after such acquisition or the
completion of such construction or improvement, (iii) the Indebtedness secured thereby does not exceed 100% of the cost of acquiring, constructing or improving such fixed or capital assets and (iv) such security interests shall not apply
to any other property or assets of Holdings or any Subsidiaries; 

  
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 (f) Liens in respect of leases, subleases, licenses and any other occupancy
rights or agreements granted to other Persons (i) in the ordinary course of business and not materially interfering with the conduct of business of Holdings and its Subsidiaries, taken as a whole or (ii) with respect to Real Estate Assets no longer
deemed by Holdings or any Subsidiary, as applicable, to be useful in the conduct of the business; 
 (g) Liens arising out of
conditional sale, title retention, consignment (including “sale or return” arrangements) or similar arrangements for the sale of goods entered into by Borrower or any of its Subsidiaries in the ordinary course of business, provided
that the aggregate amount of such goods shall not exceed $100,000,000 at any one time; 
 (h) Liens in favor of customs and
revenue authorities arising as a matter of law securing payment of customs duties in connection with the importation of goods; 

(i) any encumbrance or restriction (including pursuant to put and call agreements or buy/sell arrangements) with respect to the
Equity Interests of any joint venture or similar arrangement pursuant to the joint venture or similar agreement with respect to such joint venture or similar arrangement; 

(j) the sale or discount, in the ordinary course of business, of accounts receivable in connection with the compromise or
collection thereof and not in connection with any financing or factoring arrangement; 
 (k) Liens (other than Liens on any
Collateral) securing Indebtedness of a Subsidiary to a Credit Party or of a Subsidiary that is not a Credit Party to another Subsidiary that is not a Credit Party; 

(l) Liens on property subject to Sale/Leaseback Transactions permitted by Section 6.10(b) or (c), and general intangibles
related thereto; 
 (m) Liens on the ABL Priority Collateral (without giving effect to the parenthetical in each of clauses
(i) and (ii) in the definition thereof) securing (i) the Indebtedness under the ABL Credit Agreement to the extent permitted by Section 6.1(j), (ii) obligations under Swap Agreements permitted under Section 6.6(h), (iii) Secured Supply Chain
Obligations, and (iv) other “Obligations” (as defined in the ABL Credit Agreement) of a type not otherwise described in clauses (i) through (iii), in each case solely to the extent constituting “ABL Secured Obligations” (as
defined in the ABL Intercreditor Agreement), provided that any such Liens are subject to the ABL Intercreditor Agreement; 

(n) Liens on insurance policies and the proceeds thereof and unearned premiums securing the financing of premiums with respect
thereto as provided under clause (b) of the definition of Permitted Indebtedness; 
 (o) to the extent constituting a Lien,
sales or assignments of any litigation claims or rights to receive payments with respect to any such claims; 
 (p) to the
extent constituting a Lien, sales or assignments of any right to receive rental payments permitted under Section 6.7; 

  
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 (q) Liens on cash or cash equivalents securing Swap Agreements permitted under
Section 6.6(h); 
 (r) Liens on specific items of inventory or other goods and proceeds of any Person securing such
Person’s obligations in respect of bankers’ acceptances or trade letters of credit issued or created for the account of such Person to facilitate the purchase, shipment or storage of such inventory or other goods; 

(s) other Liens securing obligations that do not exceed the greater of (A) $250,000,000 and (B) 5% of Stockholders’ Equity
determined as of a Fiscal Quarter end selected by Borrower within 65 days of the date of incurrence of such Lien; 
 (t)
Liens in favor of Collateral Agent securing obligations in respect of Indebtedness issued pursuant to Section 6.1(k) and (s); provided that such Liens shall rank pari passu or junior to the Liens securing the Obligations hereunder and
be subject to the Pari Passu Intercreditor Agreement or the Junior Priority Intercreditor Agreement or another intercreditor agreement that is in form and substance reasonably acceptable to the Administrative Agent, as applicable, and in the case of
such pari passu Indebtedness, the ABL Intercreditor Agreement; and 
 (u) Liens on the Collateral securing obligations
in respect of Indebtedness issued pursuant to Section 6.1(l); provided that such Liens shall rank junior to the Liens securing the Obligations hereunder and be subject to the Junior Priority Intercreditor Agreement or another intercreditor
agreement that is in form and substance reasonably acceptable to the Administrative Agent. 
 6.3. Restrictive Agreements. No
Credit Party will, nor will it permit any Subsidiary to, directly or indirectly, enter into, incur or permit to exist any agreement or other arrangement that prohibits, restricts or imposes any condition upon (1) the ability of Holdings or any
Subsidiary to create, incur or permit to exist any Lien upon any of its property or assets to secure the Obligations (or any Indebtedness incurred to refinance or replace the Obligations) or (2) the ability of any Credit Party (other than Holdings)
to pay dividends or other distributions with respect to its Equity Interests or the ability of any Credit Party to make or repay loans or advances to a Credit Party or to guarantee the Obligations (or any Indebtedness incurred to refinance or
replace any of the Obligations); provided that (a) the foregoing shall not apply to any prohibitions, restrictions or conditions imposed (i) by law, rule, regulation or judicial order, or required by any regulatory authority having
jurisdiction over Holdings or any Subsidiary or any of their respective businesses, (ii) the ABL Credit Agreement or the 2016 Indenture or, in each case, any Refinancing thereof containing substantially equivalent restrictions or (iii) by any Credit
Document or any related documents or agreements, (b) the foregoing shall not apply to any prohibitions, restrictions or conditions existing on the Restatement Effective Date and identified on Schedule 6.3 or to any refinancing, extension or renewal,
in whole or in part, of, or any amendment, supplement or modification of, any Indebtedness or other obligation or other agreement, document or instrument existing on the Restatement Effective Date and identified on Schedule 6.3 containing any
such prohibition, restriction or condition (but without expanding the scope of any such prohibition, restriction or condition in any material respect), (c) the foregoing shall not apply to prohibitions, restrictions or conditions contained in
agreements relating to the direct or indirect disposition of Equity Interests of any Person, property or assets, imposing restrictions with respect to such Person, Equity Interests, property or assets pending the closing of such disposition, (d) the
foregoing shall not apply to prohibitions, restrictions or conditions contained in any agreement of a Person that becomes a Subsidiary after the Restatement Effective Date which existed prior to the date that such Person became a Subsidiary;
provided that such prohibitions, restrictions or conditions existed at the time that such Person became a Subsidiary and were not created in contemplation of such Person becoming a Subsidiary and do not apply 

  
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to any other Subsidiary or any assets other than those of the Subsidiary so acquired, (e) the foregoing shall not apply to restrictions on cash or other deposits or net worth imposed by customers
under contracts entered into in the ordinary course of business, (f) clause (1) of the foregoing shall not apply to prohibitions, restrictions or conditions imposed by any agreement relating to secured Indebtedness or other obligations not
prohibited by this Agreement if such prohibitions, restrictions or conditions apply only to the property or assets securing such Indebtedness or obligations and any proceeds and products thereof and after-acquired property, except as may otherwise
be permitted under this Section 6.3, (g) clause (1) of the foregoing shall not apply to (i) customary provisions in leases and other contracts or agreements restricting the transfer, assignment, pledge or mortgage thereof, or the subletting,
assignment or transfer of any property or asset subject thereto, (ii) any reciprocal easement agreements containing customary provisions restricting dispositions of real property interests and (iii) Capital Lease Obligations, tax retention and other
synthetic lease obligations and purchase money obligations that impose restrictions with respect to the property or assets so acquired, (h) clause (1) of the foregoing shall not apply to restrictions or conditions contained in any agreement or
document governing any Permitted Long-Term Indebtedness, provided that such restrictions and conditions permit Liens securing the Obligations (or any Indebtedness incurred to refinance or replace any of the Obligations) on any asset or
property of the type included in the Collateral, and (i) clause (2) of the foregoing shall not apply to restrictions or conditions contained in any agreement or document governing any Permitted Long-Term Indebtedness that restrict or condition
dividends, distributions or loans to Holdings. 
 6.4. Restricted Payments. No Credit Party will, nor will it permit any
Subsidiary to, declare or make, directly or indirectly, any Restricted Payment, except: 
 (a) any wholly-owned Subsidiary
may distribute any cash, property or assets to Holdings, Borrower or any other Subsidiary that is its direct or indirect parent; provided that the Property Companies may not distribute real property, fixtures or equipment owned or leased by
such Property Companies to the extent constituting Term Loan/Notes Exclusive Collateral; 
 (b) any Subsidiary may declare
and pay dividends ratably with respect to its Equity Interests or a class or series of its Equity Interests; provided that no such dividend may be in the form of real property, fixtures or equipment owned or leased by such Property Companies
to the extent constituting Term Loan/Notes Exclusive Collateral; 
 (c) to the extent constituting Restricted Payments, the
Subsidiaries may enter into and consummate transactions permitted by Section 6.8; 
 (d) Holdings may pay cash in lieu of
fractional Equity Interests; 
 (e) repurchases of Equity Interests of Holdings (i) deemed to occur on the exercise of stock
options or warrants or similar rights if such Equity Interests represent the delivery of a portion of the Equity Interests subject to such options or warrants or similar rights in satisfaction of the exercise price of such stock options, warrants or
similar rights (and do not involve cash consideration) or (ii) deemed to occur in the case of payment by Holdings or Borrower of withholding or similar Taxes payable by any future, present or former employee, director, manager or consultant (or any
spouses, former spouses, successors, executors, administrators, heirs, legatees or distributees of any of the foregoing), in connection with the exercise or vesting of stock options, restricted stock warrants or similar rights (in lieu of a portion
of the shares that otherwise would be issued upon such exercise or vesting); 
 (f) so long as no Default shall have occurred
and be continuing immediately prior to or after giving effect thereto and, at the time of declaration (in the case of a dividend) or payment 

  
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(in all other cases) and after giving effect thereto, the Fixed Charge Coverage Ratio for the Test Period in effect at the time such Restricted Payment is to occur (determined on a pro forma
basis in accordance with Section 1.2(b) as of the last day of such Test Period) is not less than 1.10 to 1.00, Holdings may make any additional Restricted Payments in cash in a maximum aggregate amount not to exceed $100,000,000 after the
Restatement Effective Date during the term of this Agreement less the amount of any payments of Indebtedness made pursuant to Section 6.14(d); provided that if, at the time of such Restricted Payment and after giving effect thereto, the Fixed
Charge Coverage Ratio for the Test Period in effect at the time such Restricted Payment is to occur (determined on a pro forma basis in accordance with Section 1.2(b) as of the last day of such Test Period) is equal to or greater than 2.50 to 1.00,
the aggregate amount of Restricted Payments permitted pursuant to this clause (f) shall increase to $600,000,000 after the Restatement Effective Date during the term of this Agreement less the amount of any payments of Indebtedness made pursuant to
Section 6.14(d); 
 (g) Holdings, Borrower or any Subsidiary may establish or make any payment on account of a “call
spread”, “capped call” or similar transaction relating to an issuance of Indebtedness or preferred Equity Interests convertible into or by reference to Equity Interests of Holdings (or any mandatorily convertible units of Equity
Interests of Holdings and Indebtedness), or any net share settlement of any warrant transaction entered into in connection with an issuance of Indebtedness or preferred Equity Interests convertible into, or by reference to, Equity Interests in
Holdings or any Subsidiary; 
 (h) to the extent constituting Restricted Payments, transactions permitted under Section
6.1(q); 
 (i) the declaration and payment of dividends to, or the making of loans to, a direct or indirect parent company of
the Borrower or any Subsidiary (the “payor” or “lender,” as applicable, for purposes of this Section 6.4(i)) to pay amounts required for (A) franchise Taxes and other fees, Taxes and expenses required to maintain corporate
existence, and (B) so long as such payor or lender is a member of a consolidated, combined, unitary or similar group with its direct parent company for U.S. federal, state or local income tax purposes, federal, state and local income taxes incurred
by such direct parent company or, if applicable, the common parent of both such payor or lender and its parent entity; provided, however, no Credit Party or Subsidiary shall be permitted to make any payments to the shareholders of
Holdings pursuant to this Section 6.4(i); 
 (j) any Restricted Payment otherwise made to any Person with a beneficial
interest in the payor, where such payment is made in order to permit the recipient to pay any Taxes levied as a result of such recipient’s interest in the payor (for the avoidance of doubt, this Section 6.4(j) shall include tax distributions
made by a partnership to a partner or member); provided, however, no Credit Party or Subsidiary shall be permitted to make any payments to the shareholders of Holdings pursuant to this Section 6.4(j); 

(k) any Restricted Payment otherwise required (A) to qualify and maintain JC Penney Properties’ qualification as a real
estate investment trust under Sections 856 through 860 of the Internal Revenue Code or (B) to avoid the payment by JC Penney Properties of federal or state income or excise tax; and 

(l) any Restricted Payment to pay for the repurchase, retirement or other acquisition or retirement for value of Equity
Interests (other than Disqualified Equity Interests) held by any future, present or former employee, director or consultant of Holdings or any of its Subsidiaries 

  
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pursuant to any management equity plan or stock option plan or any other management or employee benefit plan or agreement, or any stock subscription or shareholder agreement;
provided, that the aggregate amount of Restricted Payments made under this clause (l) in any calendar year, less the amount of Indebtedness incurred under Section 6.1(q) in such calendar year, shall not exceed $5,000,000 (with unused amounts
for any year being carried over to the next succeeding year). 
 6.5. Restrictions on Non-Material Subsidiaries. No Credit Party
will permit the Non-Material Subsidiaries (other than any Foreign Subsidiary or any Subsidiary substantially all of the assets of which consist of Equity Interests in one or more Foreign Subsidiaries) that have not satisfied the requirements of
Section 5.10 to have, in the aggregate, Net Tangible Assets representing in excess of 5% of the total Net Tangible Assets of Holdings and its Subsidiaries for a period of more than 15 days (or such longer period as Administrative Agent may agree)
after financial statements delivered pursuant to Section 5.1 demonstrate that the Non-Material Subsidiaries (other than any Foreign Subsidiary or any Subsidiary substantially all of the assets of which consist of Equity Interests in one or more
Foreign Subsidiaries) that have not satisfied such requirements of Section 5.10 have, in the aggregate, Net Tangible Assets representing in excess of 5% of the total Net Tangible Assets of Holdings and its Subsidiaries; provided that Foreign
Subsidiaries and any Subsidiaries substantially all of the assets of which consist of Equity Interests in one or more Foreign Subsidiaries shall not have, in the aggregate, Net Tangible Assets representing in excess of 10% of the total Net Tangible
Assets of Holdings and its Subsidiaries. 
 6.6. Investments, Loans, Advances, Guarantees and Acquisitions. No Credit Party will, nor
will they permit any Subsidiary to, purchase, hold or acquire (including pursuant to any merger with any Person that was not a wholly owned Subsidiary prior to such merger) any Equity Interests, evidences of Indebtedness or other securities
(including any option, warrant or other right to acquire any of the foregoing) of, make or hold any loans or advances to, guarantee any obligations of, or make or hold any investment or any other interest in, any other Person, or purchase or
otherwise acquire (in one transaction or a series of transactions) any assets of any other Person constituting a business unit (each referred to for purposes of this Section 6.6 as an “investment”), except: 

(a) Permitted Investments; 

(b) investments existing on the Restatement Effective Date and set forth on Schedule 6.6, and any refinancing, replacement,
renewal or extension of any such investment which does not increase the amount thereof except pursuant to the terms of such investment as of the Restatement Effective Date (as set forth on Schedule 6.6) or as otherwise permitted by another clause of
this Section 6.6; 
 (c) investments by Holdings and its Subsidiaries in Equity Interests in their respective Subsidiaries;

 (d) loans or advances made by Holdings to any Subsidiary and made by any Subsidiary to Holdings or any other Subsidiary;
provided, further that (i) all such loans or advances owed by a non-Credit Party to a Credit Party shall be evidenced by an intercompany note that is in form and substance reasonably acceptable to the Administrative Agent and
subject to a First Priority Lien pursuant to the Pledge and Security Agreement, (ii) all such loans or advances owing by a Credit Party to a non-Credit Party shall be unsecured and subordinated in right of payment to the payment in full of the
Obligations, and (iii) any payment by any such Subsidiary that is a Guarantor Subsidiary under any guaranty of the Obligations shall result in a pro tanto reduction of the amount of any loans or advances owed by such Subsidiary to Borrower or to any
of its Subsidiaries for whose benefit such payment is made; 

  
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 (e) guarantees, subject to the limitations of Section 6.1 in the case of
Indebtedness; 
 (f) investments received in connection with the bankruptcy or reorganization of, or settlement or
satisfaction or partial satisfaction of delinquent accounts and disputes with, customers, suppliers and other account debtors, in each case in the ordinary course of business or upon the foreclosure with respect to any secured investment; 

(g) extensions of trade credit in the ordinary course of business; 

(h) investments under Swap Agreements entered into in the ordinary course and not for speculative purposes, or entered into in
connection with an issuance of Indebtedness or preferred Equity Interests convertible into, or by reference to, Equity Interests of Holdings or any Subsidiary (or any mandatorily convertible units of Equity Interests and Indebtedness); 

(i) investments held by a Subsidiary acquired after the Restatement Effective Date or of a Person merged or consolidated with
or into Borrower or a Subsidiary in accordance with this Agreement after the Restatement Effective Date to the extent that such investments were not made in contemplation of or in connection with such acquisition, merger or consolidation and were in
existence on the date of such acquisition, merger or consolidation; 
 (j) investments in the ordinary course of business
consisting of UCC Article 3 endorsements for collection or deposit and Article 4 customary trade arrangements with customers; 

(k) promissory notes and other non-cash consideration that is permitted to be received in connection with dispositions
permitted by Section 6.7(k), 6.7(o) or 6.7(x); 
 (l) investments made in any Permitted Supply Chain Financing; 

(m) loans and advances to employees of Holdings and its Subsidiaries made in the ordinary course of business in an aggregate
principal amount not to exceed $5,000,000 at any time outstanding; 
 (n) other investments in an aggregate amount not to
exceed $300,000,000 in the aggregate at any time outstanding; provided that, at the time of and immediately after giving effect to any such investment, (i) the Fixed Charge Coverage Ratio for the Test Period in effect at the time such
investment is to occur shall be not less than 1.10 to 1.00 (determined on a pro forma basis in accordance with Section 1.2(b) as of the last day of such Test Period) and (ii) no Default shall have occurred and be continuing; 

(o) without duplication of any other clauses of this Section 6.6, other investments that do not exceed $200,000,000 in the
aggregate at any time outstanding, determined as of the date of such investment; 
 (p) investments with proceeds of the
issuance of Equity Interests (other than Disqualified Equity Interests) of Holdings or Borrower made after the date hereof; and 

(q) to the extent constituting investments, Restricted Payments permitted by Section 6.4 or any purchase, repurchase or other
acquisition of Indebtedness permitted by Section 6.14. 

  
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 Notwithstanding the foregoing, any investments by the Credit Parties in, and loans and advances by the Credit
Parties to, and guarantees by the Credit Parties of Indebtedness and other monetary obligations of, Subsidiaries that are not Credit Parties permitted pursuant to this Section 6.6 (excluding all such investments, loans, advances and guarantees
existing on the Restatement Effective Date and permitted by clause (b) above) shall be subject to the conditions that (a) the aggregate amount of such investments do not exceed $200,000,000 at any time outstanding, (b) no Event of Default shall have
occurred and be continuing or would result therefrom and (c) in the case of the Property Companies and the Borrower, no such investment shall be made with real property or fixtures constituting Collateral. For purposes of this Section 6.6, the
amount of any investment made or outstanding at any time shall be the original cost of such investment, reduced (at Borrower’s option) by any dividend, distribution, return of capital or principal repayment or received in respect of such
investment. 
 6.7. Asset Sales. No Credit Party will, nor will it permit any Subsidiary to, sell, transfer, lease or otherwise
dispose of any asset, including by way of sale leaseback, voluntary lease termination or sale, assignment or securitization of a right to receive rental payments and including any Equity Interest owned by it, nor will any Credit Party permit any
Subsidiary to issue any additional Equity Interest in such Subsidiary (other than directors’ qualifying shares or to the extent required by applicable law) (each referred to for purposes of this section as a “disposition”),
except: 
 (a) sales of inventory, used or surplus equipment and Permitted Investments, in each case in the ordinary course
of business; 
 (b) disposals of inventory pursuant to promotional or similar activities in the ordinary course of business;

 (c) dispositions in the ordinary course of business of property no longer used or useful in the conduct of the business of
Holdings and the Subsidiaries (other than real estate and fixtures constituting Collateral or required to become Collateral hereunder); 

(d) dispositions to Holdings or any of its Subsidiaries; provided that that the Property Companies may not sell,
transfer, assign or distribute real property, fixtures or equipment owned or leased by such Property Companies to Borrower, Holdings or, unless Administrative Agent agrees otherwise, any other Subsidiary of Holdings, to the extent such property
constitutes Term Loan/Notes Exclusive Collateral; 
 (e) the sale or discount (with or without recourse, and on customary or
commercially reasonable terms) in the ordinary course of business of accounts receivable or notes receivable arising in the ordinary course of business, or the conversion or exchange of accounts receivable for notes receivable in the ordinary course
of business; 
 (f) (i) any exchange of real property pursuant to or intended to qualify under Section 1031 (or any successor
section) of the Code; provided that in the case of real property constituting Collateral, the fair market value of properties sold pursuant to this clause (f)(i) for which a Mortgage has not been granted on the property received in the
exchange shall not exceed $75,000,000 at any time or (ii) dispositions of equipment in the ordinary course of business to the extent that (x) such equipment is exchanged for credit against the purchase price of similar replacement equipment or (y)
the proceeds of such disposition are promptly applied to the purchase price of such replacement equipment; 

  
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 (g) any disposition arising from condemnation or similar action with respect to
any property or pursuant to buy/sell arrangements under any joint venture or similar agreement or arrangement; 
 (h) the
lapse or abandonment or other disposition of patents, trademarks or other intellectual property that are, in the reasonable judgment of Borrower, no longer economically practicable to maintain or useful in the conduct of the business of Holdings and
the other Subsidiaries taken as a whole; 
 (i) leases, subleases, licenses or sublicenses (including the provision of
software under an open source license), (A) in the ordinary course of business and which do not materially interfere with the business of Holdings and the Subsidiaries, taken as a whole, or (B) in connection with the discontinuance of the operations
of any Facility no longer deemed by Holdings or any Subsidiary, as applicable, to be useful in the conduct of the business of Holdings and the Subsidiaries, taken as a whole; 

(j) the unwinding of Swap Agreements; 

(k) dispositions of accounts receivable in connection with the collection or compromise thereof; 

(l) (i) any dividend or other Restricted Payment permitted pursuant to (or expressly not prohibited by) Section 6.4 (other than
clause (c) thereof), (ii) any investment permitted pursuant to Section 6.6 and (iii) any Lien permitted by Section 6.2; 

(m) sales of fixed or capital assets pursuant to Section 6.10(a); 

(n) any issuance of Equity Interests by, or disposition of Equity Interests of, any Subsidiary that is not a Material
Subsidiary; 
 (o) sales, transfers and other dispositions (including Sale/Leaseback Transactions permitted by Section 6.10,
but excluding dispositions pursuant to Section 6.7(x)) of assets which do not constitute Collateral so long as (i) no Event of Default then exists or would arise therefrom, and (ii) such sale or transfer is made for fair market value and the
consideration received for such sale or transfer is at least 75% cash or cash equivalents; 
 (p) so long as no Event of
Default exists or would arise as a result of the transaction, sales of a Subsidiary or any business segment which is a Non-Core Business Segment, or any portion thereof, (i) to any Person other than a Credit Party or a Subsidiary, for fair market
value and so long as the consideration received for such sale or transfer is at least 75% cash or cash equivalents, or (ii) to a Subsidiary, if such sale or transfer is for fair market value and the entire consideration received for such sale or
transfer is paid in cash or cash equivalents; provided that the aggregate amount of Consolidated Adjusted EBITDA attributable to all such Non-Core Business Segments or portions thereof sold in reliance on this paragraph (p) after the
Restatement Effective Date during the term of this Agreement, in each case calculated as of the fiscal year immediately prior to the date of its sale, shall not exceed $100,000,000; and provided, further that, to the extent any real
property Collateral (or the Equity Interests of any Subsidiary of Holdings that owns real property Collateral) is sold in connection with any disposition of any Non-Core Business Segment, such disposition of real property or Equity Interests must
otherwise be permitted by Section 6.7(s); 

  
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 (q) bulk sales or other dispositions of inventory of a Credit Party not in the
ordinary course of business in connection with store closings; 
 (r) the issuance of Equity Interests (i) by Borrower to
Holdings or (ii) by any wholly-owned Subsidiary of Borrower to Borrower or to any other wholly-owned Subsidiary of Borrower; provided that, in the case of any Property Company, any Equity Interests issued by such Property Company shall have
been pledged to the Collateral Agent pursuant to the requirements of the Pledge and Security Agreement; 
 (s) sales,
transfers and other dispositions of assets (other than Equity Interests in a Material Subsidiary) that are not permitted by any other clause of this Section, provided that (i) each such sale, transfer or disposition shall be made at fair
value and at least 75% of such consideration shall be in cash or cash equivalents, (ii) at the time any such sale, transfer or other disposition is consummated and after giving effect thereto, the aggregate fair market value of all assets sold,
transferred or otherwise disposed of in reliance on this clause (s) after the Restatement Effective Date during the term of this Agreement (other than assets constituting ABL Priority Collateral) and the aggregate cash consideration received from
Sale/Leaseback Transactions pursuant to Section 6.10(b) after the Restatement Effective Date during the term of this Agreement shall not exceed, in the aggregate, the greater of $500,000,000 and 7.5% of Net Tangible Assets as of the most recent
fiscal quarter end for which financial statements shall at such time have been delivered pursuant to Section 5.1(a) or (b) (or prior to delivery of such financial statements, as of the end of the most recent Fiscal Quarter (or Fiscal Year) with
respect to which Historical Financial Statements have been delivered), (iii) at the time any such sale, transfer or other disposition is consummated, no Event of Default shall have occurred and be continuing and (iv) the Net Asset Sale Proceeds
arising therefrom shall be applied to prepay the Loans and other pari passu secured Indebtedness or make permitted reinvestments pursuant to Section 2.14(a); 

(t) any sale or assignments of any litigation claims or rights to receive payments with respect to any such claims; 

(u) any voluntary termination of any (or any portion of any) real property lease, sublease or other occupancy agreement in the
ordinary course of business or in connection with the discontinuance of the operations of any Facility no longer deemed by Holdings or any Subsidiary, as applicable, to be useful in the conduct of the business; 

(v) [Reserved]; 

(w) a disposition of the condominium within the Overland Park, Kansas store to the developer thereof for payment of nominal
consideration; and 
 (x) consists of a sale, transfer or disposition of the real property located on or about 6501 Legacy
Drive, Plano, Texas (headquarters) pursuant to a Sale/Leaseback Transaction permitted by Section 6.10; provided that such sale, transfer or disposition shall be made at fair value and at least 75% of such consideration shall be in cash or
cash equivalents; 
 provided that (A) all sales, transfers, leases and other dispositions permitted hereby (other than those permitted by clauses
(b), (d), (h), (i), (j), (l), (u) and (w) above) shall be made for fair value, (B) no disposition of real property, fixtures or equipment owned or leased by any of the Property Companies, to the extent constituting Term Loan/Notes Exclusive
Collateral, shall be made by any of the Property Companies to Holdings, Borrower or, unless Administrative Agent agrees otherwise, any Subsidiary of 

  
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Holdings (other than the other Property Company), and (C) no sale or transfer of any Intellectual Property shall be made that would result in the loss by Holdings and the Subsidiaries of the free
and unconditional use of the jcpenney name or any trade name or brand name needed for the disposition of any inventory or prevent, delay, hinder or increase the cost of Collateral Agent’s exercise of its rights under the license to Intellectual
Property granted under the Pledge and Security Agreement (it being understood that this clause (C) is not intended to prevent the grant of any license or Lien on Intellectual Property so long as all rights necessary to enable Collateral Agent to
exercise its rights in respect of the Collateral are reserved). For purposes of the 75% cash requirement set forth in clauses (o), (p) and (s) above, the following shall be deemed to be “cash”: (i) any liabilities (as shown on
Holdings’, Borrower’s or such Subsidiary’s most recent balance sheet provided hereunder or in the footnotes thereto (other than any liabilities that are by their terms subordinated to the Obligations) that are assumed by the
transferee with respect to the applicable disposition, (ii) any notes or other obligations or other securities or assets received by Holdings, Borrower or any Subsidiary of Holdings in the applicable disposition that are converted into cash or cash
equivalents within 180 days of the receipt thereof (to the extent of the cash or cash equivalents received), (iii) any Designated Non-Cash Consideration received by Holdings, Borrower or any Subsidiary of Holdings in the applicable disposition
having an aggregate fair market value (as determined in good faith by Borrower), taken together with all other Designated Non-Cash Consideration received pursuant to this clause (iii) that is at the time outstanding, not to exceed, at the time of
receipt of such consideration, 1.0% of Net Tangible Assets as of the most recent fiscal quarter end for which financial statements shall at such time have been delivered pursuant to Section 5.1(a) or (b) (or prior to delivery of such financial
statements, as of the end of the most recent Fiscal Quarter (or Fiscal Year) with respect to which Historical Financial Statements have been delivered) (with the fair market value of each item of Designated Non-Cash Consideration being measured at
the time received and without giving effect to subsequent changes in value) and (iv) any long term assets used or useful in the business of Holdings or any Subsidiary that is a Credit Party. This Section shall not be construed to prohibit transfers
of cash by Holdings or any of its Subsidiaries that are not prohibited by any other provision of this Agreement. 
 6.8. Fundamental
Changes. No Credit Party will, nor will it permit any Subsidiary to, merge into or consolidate with any other Person, or permit any other Person to merge into or consolidate with it, or sell, transfer, lease or otherwise dispose of (in one
transaction or in a series of transactions) all or substantially all of the assets of Borrower and its Subsidiaries, taken as a whole, or liquidate or dissolve, except that, if at the time thereof and immediately after giving effect thereto no
Default shall have occurred and be continuing (i) any Person may merge with or into or consolidate with any Material Subsidiary whose outstanding Equity Interests were pledged to the Collateral Agent on or prior to the Restatement Effective
Date in a transaction in which such Material Subsidiary is the surviving corporation and such Equity Interests remain so pledged, (ii) any Person may merge with or into or consolidate with the Borrower or any Subsidiary of Borrower in a
transaction in which the surviving entity is the Borrower or (in the case of a transaction not involving the Borrower) becomes a Subsidiary and (if any party to such merger or consolidation is or becomes a Credit Party) is a Credit Party;
provided that any such merger or consolidation involving a Person that is not a wholly owned Subsidiary immediately prior to or after giving effect to such merger or consolidation shall comply with Sections 6.6 and 6.7, as applicable, (iii)
any Subsidiary (other than Holdings, Borrower or any Property Company) may liquidate or dissolve or change its legal form if Borrower determines in good faith that such liquidation or dissolution or change in legal form is in the best interests of
Borrower and its subsidiaries and is not materially disadvantageous to the Lenders; provided that, in the case of a liquidation or dissolution of a Subsidiary of Borrower that is a Material Subsidiary, the Person into which such Material
Subsidiary is liquidated or dissolved shall be the Borrower or a Material Subsidiary whose outstanding Equity Interests were pledged to the Collateral Agent on or prior to the Restatement Effective Date and shall succeed to or assume all obligations
of such Material Subsidiary under the Credit Documents in a manner reasonably satisfactory to Administrative Agent, (iv) any merger the sole purpose and effect of 

  
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which is to reincorporate or reorganize a Person in another jurisdiction in the United States shall be permitted; provided that, if such Person is a Credit Party, the surviving entity is a
Credit Party (and, if not a Credit Party before such merger, shall assume all obligations of such Credit Party under the Credit Documents in a manner reasonably satisfactory to Administrative Agent), and (v) a merger, dissolution, liquidation,
consolidation, sale, transfer or other disposition (other than by or of any Property Company) the purpose and effect of which is to effect a transaction permitted pursuant to Section 6.7. Notwithstanding anything in this Section 6.8 to the
contrary, no Property Company shall be permitted to (i) merge into or consolidate with any other Person (other than the other Property Company), or permit any other Person (other than the other Property Company) to merge into or consolidate with it,
(ii) sell, transfer, lease or otherwise dispose of (in one transaction or in a series of transactions) all or substantially all of its assets or (iii) liquidate or dissolve. 

6.9. Disposal of Subsidiary Interests. Except for any sale of all of its interests in the Equity Interests of any of its
Subsidiaries in compliance with the provisions of Section 6.7, no Credit Party shall, nor shall it permit any of its Subsidiaries to, (a) directly or indirectly sell, assign, pledge or otherwise encumber or dispose of any Equity Interests of any of
its Subsidiaries, except to qualify directors if required by applicable law; or (b) permit any of its Subsidiaries directly or indirectly to sell, assign, pledge or otherwise encumber or dispose of any Equity Interests of any of its Subsidiaries,
except to another Credit Party (subject to the restrictions on such disposition otherwise imposed hereunder), or to qualify directors if required by applicable law. 

6.10. Sales and Leaseback Transactions. No Credit Party will, nor will it permit any Subsidiary to, enter into any arrangement,
directly or indirectly, whereby it shall sell or transfer any property (real or personal) used or useful in its business, whether now owned or hereinafter acquired, and thereafter rent or lease such property for a period of time in excess of three
(3) years, or other property that it intends to use for substantially the same purpose or purposes as the property sold or transferred (each such transaction, a “Sale/Leaseback Transaction”), except for any such sale or transfer of
fixed or capital assets that (a) is made for cash consideration in an amount not less than the cost of such fixed or capital asset and is consummated within 90 days after such Credit Party or such Subsidiary, as applicable, acquires or
completes the construction of such fixed or capital asset, (b) is made for cash consideration in an amount not less than the fair value of such fixed or capital asset; provided that (i) any such sale or transfer made in reliance on this
clause (b) is permitted by Section 6.7(o), Section 6.7(s) or Section 6.7(x) and (ii) the sum of the aggregate amount of all cash consideration received on or after the Restatement Effective Date in respect of all Sale/Leaseback Transactions made in
reliance on this clause (b) and Section 6.7(s), plus the aggregate fair market value of all assets sold, transferred or otherwise disposed of in reliance on Section 6.7(s) after the Restatement Effective Date during the term of this Agreement,
shall not exceed the greater of $500,000,000 and 7.5% of Net Tangible Assets as of the most recent fiscal quarter end for which financial statements shall at such time have been delivered pursuant to Section 5.1(a) or (b) (or prior to delivery of
such financial statements, as of the end of the most recent Fiscal Quarter (or Fiscal Year) with respect to which Historical Financial Statements have been delivered), and the Net Asset Sale Proceeds arising therefrom shall be applied as described
in Section 6.7(s)(iv) or (c) is a sale or transfer permitted by Section 6.7(x). 
 6.11. Transactions with Affiliates. No Credit
Party will, nor will it permit any Subsidiary to, sell, lease, license or otherwise transfer any assets to, or purchase, lease, license or otherwise acquire any assets from, or otherwise engage in any other transactions with, any of its Affiliates,
except (a) transactions that are at prices and on terms and conditions not less favorable in any material respect to the applicable Credit Party than could be obtained on an arm’s-length basis from unrelated third parties, (b) transactions
between or among the Credit Parties not involving any other Affiliate, (c) transactions between or among Subsidiaries that are not Credit Parties not involving any other Affiliates, (d) any Restricted Payment permitted by Section 6.4, (e) investment
transactions with captive insurance 

  
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companies and retirement plans in the ordinary course of business, (f) compensation and indemnification of, and other employment arrangements with, directors, officers and employees of Holdings
or such Subsidiary entered in the ordinary course of business, (g) any loans, advances, guarantees and other investments permitted by Section 6.6, (h) any Indebtedness permitted under Section 6.1 and (i) any disposition permitted by Section 6.7.

 6.12. Conduct of Business. Holdings will not, and will not permit any of its Subsidiaries to, engage to any extent material to
Holdings and its Subsidiaries (taken as a whole) in any business other than the businesses of the type conducted by Holdings and its Subsidiaries on the Restatement Effective Date and businesses reasonably related, ancillary or complementary to the
business or businesses of Holdings or any Subsidiary or any reasonable extension, development or expansion thereof. 
 6.13. Permitted
Activities of Holdings. Holdings shall not (a) incur, directly or indirectly, any Indebtedness or any other obligation or liability whatsoever other than the Indebtedness and obligations under this Agreement and the other Credit Documents,
the ABL Credit Agreement, the Senior Indentures, Permitted Long-Term Indebtedness, Indebtedness permitted under Sections 6.1(d), (e), (f), (g), (k), (l), (n), (o), (q), (r) and (s) or any commitment or engagement letter with respect to any of the
foregoing or obligations under or with respect to issuance of its Equity Interests and engagement letters or underwriting or securities purchase agreements with respect thereto; (b) create or suffer to exist any Lien upon any property or assets now
owned or hereafter acquired, leased or licensed by it other than the Liens created under the Collateral Documents to which it is a party or permitted pursuant to Section 6.2; (c) engage in any business or activity or own any assets other than (i)
holding 100% of the Equity Interests of Borrower, (ii) performing its obligations and activities incidental thereto under the Credit Documents, the ABL Credit Agreement, the Senior Indentures, Permitted Long-Term Indebtedness and Indebtedness
permitted under Sections 6.1(d), (e), (g), (k), (l), (n), (o), (q), (r) and (s) or any commitment or engagement letter with respect to any of the foregoing or obligations under or with respect to issuance of its Equity Interests and engagement
letters or underwriting or securities purchase agreements with respect thereto; and (iii) making Restricted Payments and investments to the extent permitted by this Agreement; (d) consolidate with or merge with or into, or convey, transfer, lease or
license all or substantially all its assets to, any Person; (e) sell or otherwise dispose of any Equity Interests of any of its direct Subsidiaries; (f) create or acquire any direct Subsidiary or make or own any investment in any Person other than
Borrower; or (g) fail to hold itself out to the public as a legal entity separate and distinct from all other Persons. 
 6.14. Certain
Payments of Indebtedness. No Credit Party will, nor will it permit any Subsidiary to, pay or make, directly or indirectly, any voluntary payment or other voluntary distribution (whether in cash, securities or other property) of or in
respect of principal of or interest on (x) any Long-Term Indebtedness that is also Material Indebtedness (other than, for avoidance of doubt, Indebtedness under the ABL Credit Agreement) or (y) any intercompany Indebtedness owed to a non-Credit
Party set forth on Schedule 6.1 hereto, or any voluntary payment or other voluntary distribution (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement,
acquisition, cancelation or termination of any such Indebtedness, except: 
 (a) refinancings of any such Long-Term
Indebtedness with the proceeds of other Indebtedness permitted under Section 6.1; 
 (b) payments upon conversion of any such
Indebtedness into common stock of Holdings made solely in common stock of Holdings, together with cash payments in lieu of issuance of fractional shares and payments of accrued but unpaid interest, in each case in connection with such conversion;

  
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 (c) other payments of or in respect of any such Indebtedness made solely with (or
with the proceeds of a substantially concurrent issuance and sale of) Equity Interests (other than Disqualified Equity Interests) in Holdings or upon settlement of a forward purchase contract which is a component of a mandatorily convertible unit
which also includes an amortizing note; 
 (d) so long as no Default shall have occurred and be continuing immediately prior
to or after giving effect to such payment and, at the time of such payment and after giving effect thereto, the Fixed Charge Coverage Ratio for the Test Period in effect at the time such payment is to occur (determined on a pro forma basis in
accordance with Section 1.2(b) as of the last day of such Test Period) is not less than 1.10 to 1.00, other payments of any such Indebtedness in a maximum aggregate amount not to exceed $100,000,000 after the Restatement Effective Date during the
term of this Agreement less the amount of Restricted Payments made pursuant to Section 6.4(f); provided that if, at the time of such payment and after giving effect thereto, the Fixed Charge Coverage Ratio for the Test Period in effect at the
time such payment is to occur (determined on a pro forma basis in accordance with Section 1.2(b) as of the last day of such Test Period) is equal to or greater than 2.50 to 1.00, the aggregate amount of other payments of any such Indebtedness
permitted pursuant to this clause (d) shall increase to $600,000,000 after the Restatement Effective Date during the term of this Agreement less the amount of Restricted Payments made pursuant to Section 6.4(f); and 

(e) so long as no Default shall have occurred and be continuing immediately prior to or after giving effect to such payment,
other payments of any such Indebtedness in a maximum aggregate amount not to exceed $400,000,000 after the Restatement Effective Date during the term of this Agreement. 

6.15. Amendments of Organizational Documents. No Credit Party will, nor will it permit any Subsidiary to, amend, modify or waive
any of its rights under its certificate of incorporation, by-laws, operating, management or partnership agreement or other Organizational Documents to the extent any such amendment, modification or waiver would be materially adverse to the Lenders;
for purposes of clarification, the issuance of preferred Equity Interests which are otherwise permitted to be issued under this Agreement shall not be deemed to be materially adverse to the Lenders. 

6.16. Net Settlement of Convertible Indebtedness. No Credit Party will, nor will it permit any Subsidiary to, directly or indirectly,
create, incur, assume, issue or permit to exist any Indebtedness or any security convertible into Equity Interests in Holdings or any Subsidiary that provides for a “net settlement” (other than a “net settlement” at the sole
discretion of the issuer of such Indebtedness or security) in respect of the Equity Interests that would have been issuable upon the conversion of such Indebtedness or security on account of the principal of such Indebtedness or security. 

 

	 	SECTION 7.	GUARANTY 

 7.1. Guaranty of the Obligations. Subject to the provisions of Section
7.2, Guarantors jointly and severally hereby irrevocably and unconditionally guaranty to Administrative Agent, for the ratable benefit of the Beneficiaries, the due and punctual payment in full of all Obligations when the same shall become due,
whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise (including amounts that would become due but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code, 11 U.S.C.
§ 362(a)) (collectively, the “Guaranteed Obligations”). 
 7.2. Contribution by Guarantors. All Guarantors
desire to allocate among themselves (collectively, the “Contributing Guarantors”), in a fair and equitable manner, their obligations arising 

  
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under this Guaranty. Accordingly, in the event any payment or distribution is made on any date by a Guarantor (a “Funding Guarantor”) under this Guaranty such that its Aggregate
Payments exceeds its Fair Share as of such date, such Funding Guarantor shall be entitled to a contribution from each of the other Contributing Guarantors in an amount sufficient to cause each Contributing Guarantor’s Aggregate Payments to
equal its Fair Share as of such date. “Fair Share” means, with respect to a Contributing Guarantor as of any date of determination, an amount equal to (a) the ratio of (i) the Fair Share Contribution Amount with respect to such
Contributing Guarantor to (ii) the aggregate of the Fair Share Contribution Amounts with respect to all Contributing Guarantors multiplied by (b) the aggregate amount paid or distributed on or before such date by all Funding Guarantors under this
Guaranty in respect of the Guaranteed Obligations. “Fair Share Contribution Amount” means, with respect to a Contributing Guarantor as of any date of determination, the maximum aggregate amount of the obligations of such
Contributing Guarantor under this Guaranty that would not render its obligations hereunder or thereunder subject to avoidance as a fraudulent transfer or conveyance under Section 548 of Title 11 of the United States Code or any comparable applicable
provisions of state law; provided, solely for purposes of calculating the “Fair Share Contribution Amount” with respect to any Contributing Guarantor for purposes of this Section 7.2, any assets or liabilities of such
Contributing Guarantor arising by virtue of any rights to subrogation, reimbursement or indemnification or any rights to or obligations of contribution hereunder shall not be considered as assets or liabilities of such Contributing Guarantor.
“Aggregate Payments” means, with respect to a Contributing Guarantor as of any date of determination, an amount equal to (1) the aggregate amount of all payments and distributions made on or before such date by such
Contributing Guarantor in respect of this Guaranty (including in respect of this Section 7.2), minus (2) the aggregate amount of all payments received on or before such date by such Contributing Guarantor from the other Contributing
Guarantors as contributions under this Section 7.2. The amounts payable as contributions hereunder shall be determined as of the date on which the related payment or distribution is made by the applicable Funding Guarantor. The allocation
among Contributing Guarantors of their obligations as set forth in this Section 7.2 shall not be construed in any way to limit the liability of any Contributing Guarantor hereunder. Each Guarantor is a third party beneficiary to the
contribution agreement set forth in this Section 7.2. 
 7.3. Payment by Guarantors. Subject to Section 7.2, Guarantors hereby
jointly and severally agree, in furtherance of the foregoing and not in limitation of any other right which any Beneficiary may have at law or in equity against any Guarantor by virtue hereof, that upon the failure of Borrower to pay any of the
Guaranteed Obligations when and as the same shall become due, whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise (including amounts that would become due but for the operation of the automatic stay
under Section 362(a) of the Bankruptcy Code, 11 U.S.C. § 362(a)), Guarantors will upon demand pay, or cause to be paid, in cash, to Administrative Agent for the ratable benefit of Beneficiaries, an amount equal to the sum of the
unpaid principal amount of all Guaranteed Obligations then due as aforesaid, accrued and unpaid interest on such Guaranteed Obligations (including interest which, but for Borrower’s becoming the subject of a case under the Bankruptcy Code,
would have accrued on such Guaranteed Obligations, whether or not a claim is allowed against Borrower for such interest in the related bankruptcy case) and all other Guaranteed Obligations then owed to Beneficiaries as aforesaid. 

7.4. Liability of Guarantors Absolute. Each Guarantor agrees that its obligations hereunder are irrevocable, absolute, independent
and unconditional and shall not be affected by any circumstance which constitutes a legal or equitable discharge of a guarantor or surety, in each case other than payment in full of the Obligations (other than unasserted indemnification, tax
gross-up, expense reimbursement or yield protection obligations). In furtherance of the foregoing and without limiting the generality thereof, each Guarantor agrees, to the fullest extent permitted by applicable law, as follows: 

(a) this Guaranty is a guaranty of payment when due and not of collectability. This Guaranty is a primary obligation of each
Guarantor and not merely a contract of surety; 

  
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 (b) [reserved]; 

(c) the obligations of each Guarantor hereunder are independent of the obligations of Borrower and the obligations of any other
guarantor (including any other Guarantor) of the obligations of Borrower, and a separate action or actions may be brought and prosecuted against such Guarantor whether or not any action is brought against Borrower or any of such other guarantors and
whether or not Borrower is joined in any such action or actions; 
 (d) payment by any Guarantor of a portion, but not all,
of the Guaranteed Obligations shall in no way limit, affect, modify or abridge any Guarantor’s liability for any portion of the Guaranteed Obligations which has not been paid. Without limiting the generality of the foregoing, if Administrative
Agent is awarded a judgment in any suit brought to enforce any Guarantor’s covenant to pay a portion of the Guaranteed Obligations, such judgment shall not be deemed to release such Guarantor from its covenant to pay the portion of the
Guaranteed Obligations that is not the subject of such suit, and such judgment shall not, except to the extent satisfied by such Guarantor, limit, affect, modify or abridge any other Guarantor’s liability hereunder in respect of the Guaranteed
Obligations; 
 (e) any Beneficiary, upon such terms as it deems appropriate, without notice or demand and without affecting
the validity or enforceability hereof or giving rise to any reduction, limitation, impairment, discharge or termination of any Guarantor’s liability hereunder, from time to time may (i) renew, extend, accelerate, increase the rate of
interest on, or otherwise change the time, place, manner or terms of payment of the Guaranteed Obligations; (ii) settle, compromise, release or discharge, or accept or refuse any offer of performance with respect to, or substitutions for, the
Guaranteed Obligations or any agreement relating thereto and/or subordinate the payment of the same to the payment of any other obligations; (iii) request and accept other guaranties of the Guaranteed Obligations and take and hold security for
the payment hereof or the Guaranteed Obligations; (iv) release, surrender, exchange, substitute, compromise, settle, rescind, waive, alter, subordinate or modify, with or without consideration, any security for payment of the Guaranteed
Obligations, any other guaranties of the Guaranteed Obligations, or any other obligation of any Person (including any other Guarantor) with respect to the Guaranteed Obligations; (v) enforce and apply any security now or hereafter held by or
for the benefit of such Beneficiary in respect hereof or the Guaranteed Obligations and direct the order or manner of sale thereof, or exercise any other right or remedy that such Beneficiary may have against any such security, in each case as such
Beneficiary in its discretion may determine consistent herewith or any applicable security agreement, including foreclosure on any such security pursuant to one or more judicial or nonjudicial sales, whether or not every aspect of any such sale is
commercially reasonable, and even though such action operates to impair or extinguish any right of reimbursement or subrogation or other right or remedy of any Guarantor against any other Credit Party or any security for the Guaranteed Obligations;
and (vi) exercise any other rights available to it under the Credit Documents; and 
 (f) this Guaranty and the
obligations of Guarantors hereunder shall be valid and enforceable and shall not be subject to any reduction, limitation, impairment, discharge or termination for any reason (other than payment in full of the Guaranteed Obligations (other than any
unasserted indemnification, tax gross-up, expense reimbursement or yield protection obligations)), including the occurrence of any of the following, whether or not any Guarantor shall have had notice or knowledge of any of them: (i) any failure
or omission to assert or enforce 

  
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or agreement or election not to assert or enforce, or the stay or enjoining, by order of court, by operation of law or otherwise, of the exercise or enforcement of, any claim or demand or any
right, power or remedy (whether arising under the Credit Documents, at law, in equity or otherwise) with respect to the Guaranteed Obligations or any agreement relating thereto, or with respect to any other guaranty of or security for the payment of
the Guaranteed Obligations; (ii) any rescission, waiver, amendment or modification of, or any consent to departure from, any of the terms or provisions (including provisions relating to events of default) hereof, any of the other Credit
Documents or any agreement or instrument executed pursuant thereto, or of any other guaranty or security for the Guaranteed Obligations, in each case whether or not in accordance with the terms hereof or such Credit Document or any agreement
relating to such other guaranty or security; (iii) the Guaranteed Obligations, or any agreement relating thereto, at any time being found to be illegal, invalid or unenforceable in any respect; (iv) the application of payments received
from any source (other than payments received pursuant to the Credit Documents or from the proceeds of any Collateral or security for the Guaranteed Obligations, except to the extent such Collateral also serves as collateral for indebtedness other
than the Guaranteed Obligations and is subject to a security interest with priority that is pari passu or senior to that of the security interest in such Collateral) to the payment of indebtedness other than the Guaranteed Obligations, even though
any Beneficiary might have elected to apply such payment to any part or all of the Guaranteed Obligations; (v) any Beneficiary’s consent to the change, reorganization or termination of the corporate structure or existence of Holdings or
any of its Subsidiaries and to any corresponding restructuring of the Guaranteed Obligations; (vi) any failure to perfect or continue perfection of a security interest in any collateral which secures any of the Guaranteed Obligations;
(vii) any defenses, set-offs or counterclaims which Borrower may allege or assert against any Beneficiary in respect of the Guaranteed Obligations, including failure of consideration, breach of warranty,
payment, statute of frauds, statute of limitations, accord and satisfaction and usury; and (viii) any other act or thing or omission, or delay to do any other act or thing, which may or might in any manner or to any extent vary the risk of any
Guarantor as an obligor in respect of the Guaranteed Obligations. 
 7.5. Waivers by Guarantors. Each Guarantor hereby waives, for
the benefit of Beneficiaries: (a) any right to require any Beneficiary, as a condition of payment or performance by such Guarantor, to (i) proceed against Borrower, any other guarantor (including any other Guarantor) of the Guaranteed Obligations or
any other Person, (ii) proceed against or exhaust any security held from Borrower, any such other guarantor or any other Person, (iii) proceed against or have resort to any balance of any Deposit Account or credit on the books of any Beneficiary in
favor of any Credit Party or any other Person, or (iv) pursue any other remedy in the power of any Beneficiary whatsoever; (b) any defense arising by reason of the incapacity, lack of authority or any disability or other defense of Borrower or any
other Guarantor including any defense based on or arising out of the lack of validity or the unenforceability of the Guaranteed Obligations or any agreement or instrument relating thereto or by reason of the cessation of the liability of Borrower or
any other Guarantor from any cause other than payment in full of the Guaranteed Obligations (other than any unasserted indemnification, tax gross-up, expense reimbursement or yield protection obligations); (c) any defense based upon any statute or
rule of law which provides that the obligation of a surety must be neither larger in amount nor in other respects more burdensome than that of the principal; (d) any defense based upon any Beneficiary’s errors or omissions in the administration
of the Guaranteed Obligations, except behavior which amounts to willful misconduct or bad faith; (e) (i) any principles or provisions of law, statutory or otherwise, which are or might be in conflict with the terms hereof and any legal or equitable
discharge of such Guarantor’s obligations hereunder, (ii) the benefit of any statute of limitations affecting such Guarantor’s liability hereunder or the enforcement hereof, (iii) any rights to
set-offs, recoupments and counterclaims, and (iv) promptness, diligence and any requirement that any Beneficiary protect, secure, perfect or insure any security interest or lien or any property subject
thereto; (f) notices, demands, presentments, protests, 

  
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notices of protest, notices of dishonor and notices of any action or inaction, including acceptance hereof, notices of default hereunder or any agreement or instrument related thereto, notices of
any renewal, extension or modification of the Guaranteed Obligations or any agreement related thereto, notices of any extension of credit to Borrower and notices of any of the matters referred to in Section 7.4 and any right to consent to any
thereof; and (g) any defenses or benefits that may be derived from or afforded by law which limit the liability of or exonerate guarantors or sureties, or which may conflict with the terms hereof. 

7.6. Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Guaranteed Obligations (other than any unasserted
indemnification, tax gross-up, expense reimbursement or yield protection obligations) shall have been indefeasibly paid in full and the Commitments shall have terminated, each Guarantor hereby waives, to the fullest extent permitted by applicable
law, any claim, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against Borrower or any other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its
obligations hereunder, in each case whether such claim, right or remedy arises in equity, under contract, by statute, under common law or otherwise and including (a) any right of subrogation, reimbursement or indemnification that such Guarantor now
has or may hereafter have against Borrower with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right or remedy that any Beneficiary now has or may hereafter have against Borrower, and (c) any
benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in full (other than any unasserted
indemnification, tax gross-up, expense reimbursement or yield protection obligations) and the Commitments shall have terminated, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor
(including any other Guarantor) of the Guaranteed Obligations, including any such right of contribution as contemplated by Section 7.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its
rights of subrogation, reimbursement, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement or indemnification such
Guarantor may have against Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against
Borrower, to all right, title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such
subrogation, reimbursement, indemnification or contribution rights at any time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full (other than any unasserted indemnification, tax gross-up, expense reimbursement
or yield protection obligations), such amount shall be held in trust for Administrative Agent on behalf of Beneficiaries and shall forthwith be paid over to Administrative Agent for the benefit of Beneficiaries and credited and applied against the
Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof. 
 7.7. Subordination of Other
Obligations. Any Indebtedness of Borrower or any Guarantor now or hereafter held by any Guarantor (the “Obligee Guarantor”) is hereby subordinated in right of payment to the Guaranteed Obligations, and any such Indebtedness
collected or received by the Obligee Guarantor after an Event of Default has occurred and is continuing shall be held in trust for Administrative Agent on behalf of Beneficiaries and shall forthwith be paid over to Administrative Agent for the
benefit of Beneficiaries and credited and applied against the Guaranteed Obligations but without affecting, impairing or limiting in any manner the liability of the Obligee Guarantor under any other provision hereof. 

7.8. Continuing Guaranty. This Guaranty is a continuing guaranty and shall remain in effect until all of the Guaranteed
Obligations (other than any unasserted indemnification, tax gross-up, 

  
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expense reimbursement or yield protection obligations) shall have been paid in full and the Commitments shall have terminated. Each Guarantor hereby irrevocably waives any right to revoke
this Guaranty as to future transactions giving rise to any Guaranteed Obligations. 
 7.9. Authority of Guarantors or
Borrower. It is not necessary for any Beneficiary to inquire into the capacity or powers of any Guarantor or Borrower or the officers, directors or any agents acting or purporting to act on behalf of any of them. 

7.10. Financial Condition of Borrower. Any Credit Extension may be made to Borrower or continued from time to time without notice to or
authorization from any Guarantor regardless of the financial or other condition of Borrower at the time of any such grant or continuation. No Beneficiary shall have any obligation to disclose or discuss with any Guarantor its assessment, or any
Guarantor’s assessment, of the financial condition of Borrower. Each Guarantor has adequate means to obtain information from Borrower on a continuing basis concerning the financial condition of Borrower and its ability to perform its
obligations under the Credit Documents, and each Guarantor assumes the responsibility for being and keeping informed of the financial condition of Borrower and of all circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations.
Each Guarantor hereby waives and relinquishes any duty on the part of any Beneficiary to disclose any matter, fact or thing relating to the business, operations or conditions of Borrower now known or hereafter known by any Beneficiary. 

7.11. Bankruptcy, Etc. 

(a) So long as any Guaranteed Obligations remain outstanding, no Guarantor shall, without the prior written consent of Administrative Agent
acting pursuant to the instructions of Requisite Lenders, commence or join with any other Person in commencing any bankruptcy, reorganization or insolvency case or proceeding of or against Borrower or any other Guarantor. The obligations of
Guarantors hereunder shall not be reduced, limited, impaired, discharged, deferred, suspended or terminated by any case or proceeding, voluntary or involuntary, involving the bankruptcy, insolvency, receivership, reorganization, liquidation or
arrangement of Borrower or any other Guarantor or by any defense which Borrower or any other Guarantor may have by reason of the order, decree or decision of any court or administrative body resulting from any such proceeding. 

(b) Each Guarantor acknowledges and agrees that any interest on any portion of the Guaranteed Obligations which accrues after the commencement
of any case or proceeding referred to in clause (a) above (or, if interest on any portion of the Guaranteed Obligations ceases to accrue by operation of law by reason of the commencement of such case or proceeding, such interest as would have
accrued on such portion of the Guaranteed Obligations if such case or proceeding had not been commenced) shall be included in the Guaranteed Obligations because it is the intention of Guarantors and Beneficiaries that the Guaranteed Obligations
which are guaranteed by Guarantors pursuant hereto should be determined without regard to any rule of law or order which may relieve Borrower of any portion of such Guaranteed Obligations. Guarantors will permit any trustee in bankruptcy, receiver,
debtor in possession, assignee for the benefit of creditors or similar Person to pay Administrative Agent, or allow the claim of Administrative Agent in respect of, any such interest accruing after the date on which such case or proceeding is
commenced. 
 (c) In the event that all or any portion of the Guaranteed Obligations are paid by Borrower, the obligations of Guarantors
hereunder shall continue and remain in full force and effect or be reinstated, as the case may be, in respect of all or any part of such payment(s) that are rescinded or recovered directly or indirectly from any Beneficiary as a preference,
fraudulent transfer or otherwise, and any such payments which are so rescinded or recovered shall constitute Guaranteed Obligations for all purposes hereunder. 

  
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 7.12. Discharge of Guaranty Upon Sale of Guarantor. If all of the Equity Interests of
any Guarantor or any of its successors in interest hereunder shall be sold or otherwise disposed of (including by merger or consolidation) in accordance with the terms and conditions hereof, the Guaranty of such Guarantor or such successor in
interest, as the case may be, hereunder shall automatically be discharged and released without any further action by any Beneficiary or any other Person effective as of the time of such Asset Sale. 

 

	 	SECTION 8.	EVENTS OF DEFAULT 

 8.1. Events of Default. If any one or more of the
following conditions or events shall occur: 
 (a) Failure to Make Payments When Due. Failure by Borrower to pay
(i) when due any installment of principal of or premium on any Loan, whether at stated maturity, by acceleration, by notice of voluntary prepayment, by mandatory prepayment or otherwise; (ii) any interest on any Loan or any fee within five Business
Days after the date due; or (iii) any other amount due hereunder within 30 days after the due date thereof; or 
 (b)
Default in Other Agreements. (i) Failure of any Credit Party or any of their respective Subsidiaries to make any payment (whether of principal or interest and regardless of amount) in respect of any Material Indebtedness, when and as the
same shall become due and payable (after giving effect to any applicable grace periods); or (ii) any event or condition occurs that results in any Material Indebtedness becoming due prior to its scheduled maturity or that enables or permits (after
giving effect to any applicable grace periods) the holder or holders of any Material Indebtedness or any trustee or agent on its or their behalf to cause any Material Indebtedness to become due, or to require the prepayment, repurchase, redemption
or defeasance thereof, prior to its scheduled maturity; provided that this clause (ii) shall not apply to (A) secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property or assets securing such
Indebtedness, (B) Indebtedness in respect of which the holders thereof have the unconditional right to require the issuer thereof to effect a redemption of such Indebtedness prior to the stated maturity of such Indebtedness, solely as a result of
the exercise by such holders of such right, or (C) any breach of Section 6.11 of the ABL Credit Agreement unless as a result of any such breach the obligations under the ABL Credit Agreement shall have been accelerated and/or the commitments under
the ABL Credit Agreement shall have been terminated; or 
 (c) Breach of Certain Covenants. Failure of Holdings
or Borrower to observe or perform or to cause any of its Subsidiaries that is a Credit Party to observe or perform any covenant, condition or agreement contained in Section 2.6, clause (e) of Section 5.1, Section 5.2 (with respect to the existence
of any Credit Party), Section 5.16(a)(i) or in Section 6; or 
 (d) Breach of Representations, Etc. Any
representation or warranty made or deemed made by or on behalf of any Credit Party in or pursuant to any Credit Document or any amendment or modification thereof or waiver thereunder, or any material representation or warranty in any report,
certificate, financial statement or other document furnished pursuant to or in connection with any Credit Document or any amendment or modification thereof or waiver thereunder, shall prove to have been incorrect in any material respect when made or
deemed made; or 

  
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 (e) Other Defaults Under Credit Documents. Any Credit Party shall fail to
observe or perform any covenant, condition or agreement contained in any Credit Document (other than those specified in clause (a) or (c) of this Section 8.1), and such failure shall continue unremedied for a period of 30 days after written notice
thereof from Administrative Agent to Borrower (any such notice to be identified as a “notice of default” and to refer specifically to this Section 8.1(e)); or 

(f) Involuntary Bankruptcy; Appointment of Receiver, Etc. An involuntary proceeding shall be commenced or an
involuntary petition shall be filed seeking (i) liquidation, reorganization or other relief in respect of Holdings or any Subsidiary or its debts, or of a substantial part of its assets, under any Debtor Relief Law now or hereafter in effect or
(ii) the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for Holdings or any Subsidiary or for a substantial part of its assets, and, in any such case, such proceeding or petition shall continue
undismissed for 60 days or an order or decree approving or ordering any of the foregoing shall be entered; or 
 (g)
Voluntary Bankruptcy; Appointment of Receiver, Etc. (i) Holdings or any Subsidiary shall (A) voluntarily commence any proceeding or file any petition seeking liquidation, reorganization or other relief under any Debtor Relief Law
now or hereafter in effect, (B) consent to the institution of, or fail to contest in a timely and appropriate manner, any proceeding or petition described in clause (f) of this Section 8.1, (C) apply for or consent to the appointment of a
receiver, trustee, custodian, sequestrator, conservator or similar official for Holdings or any Subsidiary or for a substantial part of its assets, (D) file an answer admitting the material allegations of a petition filed against it in any such
proceeding, (E) make a general assignment for the benefit of creditors or (F) take any action for the purpose of effecting any of the foregoing; or (ii) Holdings or any Subsidiary shall become unable, admit in writing its inability or fail
generally to pay its debts as they become due; or 
 (h) Judgments and Attachments. One or more judgments for the
payment of money in an aggregate amount in excess of $100,000,000 (to the extent not covered by independent third party insurance as to which the insurer has been notified of the potential claim and does not dispute coverage) shall be rendered
against Holdings, any Subsidiary or any combination thereof and the same shall remain undischarged for a period of 30 consecutive days during which execution shall not be effectively stayed, or any action shall be legally taken by a judgment
creditor to attach or levy upon any assets of Holdings or any Subsidiary to enforce any such judgment; or 
 (i) [Reserved];
or 
 (j) Employee Benefit Plans. An ERISA Event shall have occurred that, when taken together with all other
ERISA Events that have occurred, would result in a Material Adverse Effect; or 
 (k) Change of Control. A Change
of Control shall occur; or 
 (l) Guaranties, Collateral Documents and other Credit Documents. At any time, (i) any
Guarantor’s Guaranty hereunder shall cease to be in full force and effect (other than in accordance with the terms of this Agreement, including satisfaction in full of the Obligations in accordance with the terms hereof) or shall be declared to
be null and void or any Guarantor shall repudiate its obligations under its Guaranty hereunder, (ii) this Agreement ceases to be in full force and effect (other than by reason of the satisfaction in full of the Obligations in accordance

  
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with the terms hereof) or shall be declared null and void, or any Lien purported to be created under any Collateral Document shall cease to be, or shall be asserted by any Credit Party not to be,
a valid and perfected Lien on any Collateral having an aggregate fair value of $10,000,000 or more, with the priority required by the relevant Collateral Document, in each case for any reason other than (A) the failure of Administrative Agent to
file any financing statement (or amendment thereto) delivered to Administrative Agent and Collateral Agent for filing, (B) by reason of express release pursuant to Section 9.8 or the terms of any Collateral Document or (B) as a result of the sale or
other disposition of the applicable Collateral to a Person that is not a Credit Party in a transaction not prohibited under the Credit Documents, or (iii) any Credit Party shall contest the validity or enforceability of any Credit Document in
writing or deny in writing that it has any further liability under any Credit Document to which it is a party; 
 THEN, (1) in every such event
(other than an event described in Section 8.1(f) or (g)), and at any time thereafter during the continuance of such event, the Administrative Agent may, with the consent of the Requisite Lenders, and shall, at the request of the Requisite Lenders,
by notice to Borrower, take either or both of the following actions, at the same or different times: (A) terminate the Commitments, if any, of each Lender having such Commitments, and thereupon the Commitments shall terminate immediately; (B)
declare each of the following immediately due and payable in whole (or in part, in which case any principal not so declared to be due and payable may thereafter be declared to be due and payable), in which case such amounts will become so due and
payable, in each case without presentment, demand, protest or other requirements of any kind, all of which are hereby expressly waived by each Credit Party: (I) the unpaid principal amount of and accrued interest and premium on the Loans, and (II)
all other Obligations; and (C) Administrative Agent may cause Collateral Agent to enforce any and all Liens and security interests created pursuant to Collateral Documents; and (2) in case of any event described in Section 8.1(f) or (g), the
Commitments shall automatically terminate and the unpaid principal amount of and accrued interest and premium on the Loans and all other then-outstanding Obligations shall automatically become due and payable, without presentment, demand, protest or
other requirements of any kind. 
  

	 	SECTION 9.	AGENTS 

 9.1. Appointment of Agents. Each of JPMorgan, Barclays Bank PLC,
Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells Fargo Securities, LLC and Goldman Sachs Lending Partners LLC is hereby appointed as a Joint Lead Arranger and a Joint Bookrunner hereunder, and each Lender hereby authorizes them to act
as a Joint Lead Arranger and a Joint Bookrunner in accordance with the terms hereof and the other Credit Documents. JPMorgan is hereby appointed Administrative Agent hereunder and under the other Credit Documents and each Lender hereby
authorizes JPMorgan to act as Administrative Agent in accordance with the terms hereof and the other Credit Documents. The Administrative Agent, on behalf of itself and the Lenders, is authorized to appoint Wilmington Trust, National
Association under the Pari Passu Intercreditor Agreement and under the other Collateral Documents and each Lender hereby authorizes Wilmington Trust, National Association to execute the Collateral Documents and the other Collateral Documents to
which it is a party and to act as Collateral Agent in accordance with the terms of the Pari Passu Intercreditor Agreement and the other Collateral Documents. Citizens Bank, National Association, Regions Bank and HSBC Bank USA, N.A. are hereby
appointed Senior Managing Agents hereunder, and each Lender hereby authorizes them to act as Senior Managing Agents in accordance with the terms hereof and the other Credit Documents. Each Agent hereby agrees to act in its capacity as such upon
the express conditions contained herein and the other Credit Documents, as applicable. Other than Sections 9.8(c) through (f), in respect of which the Borrower is a third-party beneficiary, the provisions of this Section 9 are solely for the
benefit of Agents and Lenders and no Credit Party shall have any rights as a third party beneficiary of any of the provisions thereof. In performing its functions and duties hereunder, each Agent shall act solely as an agent of

  
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Lenders and does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for Holdings or any of its Subsidiaries. As of the
Restatement Effective Date, each Joint Lead Arranger, Joint Bookrunner and Senior Managing Agent shall not have any obligations but shall be entitled to all benefits of this Section 9. Each Joint Lead Arranger, Joint Bookrunner, Senior Managing
Agent and any Agent described in clause (ix) of the definition thereof may resign from such role at any time, with immediate effect, by giving prior written notice thereof to Administrative Agent and Borrower. 

9.2. Powers and Duties. Each Lender irrevocably authorizes each Agent to take such action on such Lender’s behalf and to exercise
such powers, rights and remedies hereunder and under the other Credit Documents as are specifically delegated or granted to such Agent by the terms hereof and thereof, together with such powers, rights and remedies as are reasonably incidental
thereto. Each Agent shall have only those duties and responsibilities that are expressly specified in the Credit Documents to which it is party. Each Agent may exercise such powers, rights and remedies and perform such duties by or through its
agents or employees. No Agent shall have, by reason hereof or any of the other Credit Documents, a fiduciary relationship in respect of any Lender or any other Person; and nothing herein or any of the other Credit Documents, expressed or implied, is
intended to or shall be so construed as to impose upon any Agent any obligations in respect hereof or any of the other Credit Documents except as expressly set forth herein or therein. 

9.3. General Immunity. 

(a) No Responsibility for Certain Matters. No Agent shall be responsible to any Lender for the execution, effectiveness,
genuineness, validity, enforceability, collectability or sufficiency hereof or any other Credit Document or for any representations, warranties, recitals or statements made herein or therein or made in any written or oral statements or in any
financial or other statements, instruments, reports or certificates or any other documents furnished or made by any Agent to Lenders or by or on behalf of any Credit Party to any Agent or any Lender in connection with the Credit Documents and the
transactions contemplated thereby or for the financial condition or business affairs of any Credit Party or any other Person liable for the payment of any Obligations, nor shall any Agent be required to ascertain or inquire as to the performance or
observance of any of the terms, conditions, provisions, covenants or agreements contained in any of the Credit Documents or as to the use of the proceeds of the Loans or as to the existence or possible existence of any Event of Default or Default or
to make any disclosures with respect to the foregoing. Anything contained herein to the contrary notwithstanding, Administrative Agent shall not have any liability arising from confirmations of the amount of outstanding Loans. 

(b) Exculpatory Provisions. No Agent nor any of its officers, partners, directors, employees or agents shall be liable to Lenders for
any action taken or omitted by any Agent under or in connection with any of the Credit Documents except to the extent caused by such Agent’s gross negligence or willful misconduct, as determined by a final, non-appealable judgment of a court of
competent jurisdiction. Each Agent shall be entitled to refrain from any act or the taking of any action (including the failure to take an action) in connection herewith or any of the other Credit Documents or from the exercise of any power,
discretion or authority vested in it hereunder or thereunder unless and until such Agent shall have received instructions in respect thereof from Requisite Lenders (or the Administrative Agent acting with the consent of the Requisite Lenders (with
respect to instructions received by the Collateral Agent) or such other Lenders as may be required to give such instructions under Section 10.5) and, upon receipt of such instructions from Requisite Lenders (or such other Lenders, as the case may
be), such Agent shall be entitled to act or (where so instructed) refrain from acting, or to exercise such power, discretion or authority, in accordance with such instructions, including for the avoidance of doubt refraining from any action that, in
its opinion or the opinion of its counsel, may be in violation of the automatic stay under any Debtor Relief Law or that may effect a forfeiture, modification or termination of property of a Defaulting

  
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Lender in violation of any Debtor Relief Law. Without prejudice to the generality of the foregoing, (i) each Agent shall be entitled to rely, and shall be fully protected in relying, upon
any communication, instrument or document believed by it to be genuine and correct and to have been signed or sent by the proper Person or Persons, and shall be entitled to rely and shall be protected in relying on opinions and judgments of
attorneys (who may be attorneys for Holdings and its Subsidiaries), accountants, experts and other professional advisors selected by it; and (ii) no Lender shall have any right of action whatsoever against any Agent as a result of such Agent
acting or (where so instructed) refraining from acting hereunder or any of the other Credit Documents in accordance with the instructions of Requisite Lenders (or such other Lenders as may be required to give such instructions under Section 10.5).
No Agent shall be deemed to have knowledge of any Default or the event or events that give or may give rise to any Default unless and until notice describing such Default, identified as a “notice of default,” and such event or events is
given to the Agent by the Loan Parties or any Lender (or the Administrative Agent with respect to a notice delivered to the Collateral Agent). 

(c) Delegation of Duties. Administrative Agent may perform any and all of its duties and exercise its rights and powers under this
Agreement or under any other Credit Document by or through any one or more sub-agents appointed by Administrative Agent. Administrative Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or
through their respective Affiliates. The exculpatory, indemnification and other provisions of this Section 9.3 and of Section 9.6 shall apply to any the Affiliates of Administrative Agent and shall apply to their respective activities in connection
with the syndication of the credit facilities provided for herein as well as activities as Administrative Agent. All of the rights, benefits, and privileges (including the exculpatory and indemnification provisions) of this Section 9.3 and of
Section 9.6 shall apply to any such sub-agent and to the Affiliates of any such sub-agent, and shall apply to their respective activities as sub-agent as if such sub-agent and Affiliates were named herein. Notwithstanding anything herein to the
contrary, with respect to each sub-agent appointed by Administrative Agent, (i) such sub-agent shall be a third party beneficiary under this Agreement with respect to all such rights, benefits and privileges (including exculpatory rights and rights
to indemnification) and shall have all of the rights and benefits of a third party beneficiary, including an independent right of action to enforce such rights, benefits and privileges (including exculpatory rights and rights to indemnification)
directly, without the consent or joinder of any other Person, against any or all of Credit Parties and the Lenders, (ii) such rights, benefits and privileges (including exculpatory rights and rights to indemnification) shall not be modified or
amended without the consent of such sub-agent, and (iii) such sub-agent shall only have obligations to Administrative Agent and not to any Credit Party, Lender or any other Person and no Credit Party, Lender or any other Person shall have any
rights, directly or indirectly, as a third party beneficiary or otherwise, against such sub-agent. 
 9.4. Agents Entitled to Act as
Lender. The agency hereby created shall in no way impair or affect any of the rights and powers of, or impose any duties or obligations upon, any Agent in its individual capacity as a Lender hereunder. With respect to its participation in the
Loans, each Agent shall have the same rights and powers hereunder as any other Lender and may exercise the same as if it were not performing the duties and functions delegated to it hereunder, and the term “Lender” shall, unless the
context clearly otherwise indicates, include each Agent in its individual capacity. Any Agent and its Affiliates may accept deposits from, lend money to, own securities of, and generally engage in any kind of banking, trust, financial advisory or
other business with Holdings or any of its Affiliates as if it were not performing the duties specified herein, and may accept fees and other consideration from Borrower for services in connection herewith and otherwise without having to account for
the same to Lenders. 

  
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 9.5. Lenders’ Representations, Warranties and Acknowledgment. 

(a) Each Lender represents and warrants that it has made its own independent investigation of the financial condition and affairs of Holdings
and its Subsidiaries in connection with Credit Extensions hereunder and that it has made and shall continue to make its own appraisal of the creditworthiness of Holdings and its Subsidiaries. No Agent shall have any duty or responsibility, either
initially or on a continuing basis, to make any such investigation or any such appraisal on behalf of Lenders or to provide any Lender with any credit or other information with respect thereto, whether coming into its possession before the making of
the Loans or at any time or times thereafter, and no Agent shall have any responsibility with respect to the accuracy of or the completeness of any information provided to Lenders. 

(b) Each Lender, by delivering its signature page to this Agreement, the Restatement Agreement or an Assignment Agreement and funding
or converting its Loan on the Restatement Effective Date or any subsequent Credit Date, shall be deemed to have acknowledged receipt of, and consented to and approved, each Credit Document and each other document required to be approved by any
Agent, Requisite Lenders or Lenders, as applicable on the Restatement Effective Date or such subsequent Credit Date. Notwithstanding anything herein to the contrary, each Lender also acknowledges that the Liens and security interests granted to
the Collateral Agent pursuant to the Pledge and Security Agreement and the other Collateral Documents on Collateral and the exercise of any right or remedy by Collateral Agent under any of the foregoing with respect to the Collateral are subject to
the provisions of the Intercreditor Agreements. As to any such Collateral, in the event of a conflict between the terms of the Intercreditor Agreements, this Agreement or any other Collateral Documents (on the other hand), the terms of the
Intercreditor Agreements shall govern and control. 
 (c) Each Lender acknowledges that Borrower may purchase Loans and/or Commitments
hereunder from Lenders from time to time, subject to the restrictions set forth in the definition of “Eligible Assignee” and Section 10.6. 

9.6. Right to Indemnity. Each Lender, in proportion to its Pro Rata Share, severally agrees to indemnify each Agent, to the extent
that such Agent shall not have been reimbursed by any Credit Party, for and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses (including counsel fees and disbursements) or
disbursements of any kind or nature whatsoever which may be imposed on, incurred by or asserted against such Agent in exercising its powers, rights and remedies or performing its duties hereunder or under the other Credit Documents or otherwise in
its capacity as such Agent in any way relating to or arising out of this Agreement or the other Credit Documents; provided, no Lender shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions,
judgments, suits, costs, expenses or disbursements resulting from such Agent’s gross negligence, bad faith or willful misconduct, as determined by a final, non-appealable judgment of a court of competent jurisdiction. If any indemnity furnished
to any Agent for any purpose shall, in the opinion of such Agent, be insufficient or become impaired, such Agent may call for additional indemnity and cease, or not commence, to do the acts indemnified against until such additional indemnity is
furnished; provided, in no event shall this sentence require any Lender to indemnify any Agent against any liability, obligation, loss, damage, penalty, action, judgment, suit, cost, expense or disbursement in excess of such Lender’s Pro
Rata Share thereof; and provided further, this sentence shall not be deemed to require any Lender to indemnify any Agent against any liability, obligation, loss, damage, penalty, action, judgment, suit, cost, expense or disbursement
described in the proviso in the immediately preceding sentence. 
 9.7. Successor Administrative Agent. Administrative Agent
shall have the right to resign at any time by giving prior written notice thereof to Lenders and Borrower. Administrative Agent shall 

  
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have the right to appoint a financial institution to act as Administrative Agent hereunder, subject to the reasonable satisfaction of Borrower and the Requisite Lenders, and Administrative
Agent’s resignation shall become effective on the earliest of (i) 30 days after delivery of the notice of resignation (regardless of whether a successor has been appointed or not), (ii) the acceptance of such successor Administrative Agent by
Borrower and the Requisite Lenders or (iii) such other date, if any, agreed to by the Requisite Lenders. Upon any such notice of resignation, if a successor Administrative Agent has not already been appointed by the retiring Administrative Agent,
Requisite Lenders shall have the right, upon five Business Days’ notice to Borrower, to appoint a successor Administrative Agent. If neither Requisite Lenders nor Administrative Agent have appointed a successor Administrative Agent, Requisite
Lenders shall be deemed to have succeeded to and become vested with all the rights, powers, privileges and duties of the retiring Administrative Agent. Upon the acceptance of any appointment as Administrative Agent hereunder by a successor
Administrative Agent, that successor Administrative Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Administrative Agent and the retiring Administrative Agent shall promptly
transfer to such successor Administrative Agent all records and other documents necessary or appropriate in connection with the performance of the duties of the successor Administrative Agent under the Credit Documents, whereupon such retiring
Administrative Agent shall be discharged from its duties and obligations hereunder. After any retiring Administrative Agent’s resignation hereunder as Administrative Agent, the provisions of this Section 9 shall inure to its benefit as to any
actions taken or omitted to be taken by it while it was Administrative Agent hereunder. 
 9.8. Collateral Documents and Guaranty.

 (a) Agents under Collateral Documents and Guaranty. Each Secured Party hereby further authorizes Administrative Agent or
Collateral Agent, as applicable, on behalf of and for the benefit of Secured Parties, to be the agent for and representative of Secured Parties with respect to the Guaranty, the Collateral and the Collateral Documents. Subject to Section 10.5,
without further written consent or authorization from any Secured Party, Administrative Agent or, if instructed by the Administrative Agent, Collateral Agent, as applicable, may execute any documents or instruments necessary to (i) in
connection with a sale or disposition of assets permitted by this Agreement to a Person that is not a Credit Party, release any Lien encumbering any item of Collateral that is the subject of such sale or other disposition of assets or to which
Requisite Lenders (or such other Lenders as may be required to give such consent under Section 10.5) have otherwise consented or (ii) release any Guarantor from the Guaranty pursuant to Section 7.12 or with respect to which Requisite Lenders
(or such other Lenders as may be required to give such consent under Section 10.5) have otherwise consented. In the event of any conflict between the terms of the Intercreditor Agreements and any of the Credit Documents, the provisions of the
Intercreditor Agreements shall govern and control. Each Secured Party authorizes and instructs Administrative Agent and Collateral Agent to enter into the Collateral Documents and each Intercreditor Agreement on behalf of the Secured Parties in
accordance with this Agreement (and consents to the terms contained therein) and to take all actions (and execute all documents) required (or deemed advisable) by it in accordance with the terms of such Intercreditor Agreement. 

(b) Right to Realize on Collateral and Enforce Guaranty. Anything contained in any of the Credit Documents to the contrary
notwithstanding, Borrower, Administrative Agent, Collateral Agent and each Secured Party hereby agree that (i) no Secured Party shall have any right individually to realize upon any of the Collateral or to enforce the Guaranty, it being understood
and agreed that all powers, rights and remedies hereunder and under any of the Credit Documents may be exercised solely by Administrative Agent or Collateral Agent, as applicable, for the benefit of the Secured Parties (and, in

  
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the case of the Collateral Agent, the other Term Loan/Notes Secured Parties) in accordance with the terms hereof and thereof and all powers, rights and remedies under the Collateral Documents may
be exercised solely by Administrative Agent and Collateral Agent, as applicable, for the benefit of the Secured Parties (and, in the case of the Collateral Agent, the other Term Loan/Notes Secured Parties) in accordance with the terms thereof and
the Pari Passu Intercreditor Agreement, and (ii) in the event of a foreclosure or similar enforcement action by Collateral Agent on any of the Collateral pursuant to a public or private sale or other disposition (including, without limitation,
pursuant to Section 363(k), Section 1129(b)(2)(a)(ii) or otherwise of the Bankruptcy Code), Collateral Agent or Administrative Agent (or any Lender, except with respect to a “credit bid” pursuant to Section 363(k), Section
1129(b)(2)(a)(ii) or otherwise of the Bankruptcy Code) may be the purchaser or licensor of any or all of such Collateral at any such sale or other disposition and Collateral Agent or Administrative Agent, as agent for and representative of Secured
Parties (and, in the case of the Collateral Agent, the other Term Loan/Notes Secured Parties) (but not any Lender or Lenders in its or their respective individual capacities) shall be entitled, upon instructions from Requisite Lenders, for the
purpose of bidding and making settlement or payment of the purchase price for all or any portion of the Collateral sold at any such sale or disposition, to use and apply any of the Obligations as a credit on account of the purchase price for any
collateral payable by Collateral Agent at such sale or other disposition. 
 (c) Release of Collateral and Guarantees, Termination of
Credit Documents. Notwithstanding anything to the contrary contained herein or any other Credit Document, when all Obligations (other than any unasserted contingent obligations) have been paid in full and all Commitments have terminated or
expired, upon request of Borrower, Administrative Agent and Collateral Agent, as applicable, shall (without notice to, or vote or consent of, any Lender) take such actions as shall be required to release its security interest in all Collateral
solely with respect to Obligations, and to release all guarantee obligations provided for in any Credit Document. Any such release of guarantee obligations shall be deemed subject to the provision that such guarantee obligations shall be
reinstated if after such release any portion of any payment in respect of the Obligations guaranteed thereby shall be rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of
Borrower or any Guarantor, or upon or as a result of the appointment of a receiver, intervenor or conservator of, or trustee or similar officer for, Borrower or any Guarantor or any substantial part of its property, or otherwise, all as though such
payment had not been made. 
 (d) Release of Collateral in Respect of Permitted Dispositions. Upon any disposition of property,
including the Equity Interests of any Guarantor, permitted by this Agreement (other than to another Credit Party, but including pursuant to Section 9.8(f)), the Liens granted pursuant to the Collateral Documents in respect of such disposed property
and in respect of the property of any Guarantor discharged and released from its Guaranty pursuant to Section 7.12 shall be deemed to be automatically released and such property shall automatically revert to the applicable Credit Party with no
further action on the part of any Person. Upon the incurrence of any Indebtedness permitted by Section 6.1(g), the Liens granted pursuant to the Collateral Documents in respect of the property subject to such Liens may be released or subordinated,
in each case promptly upon Borrower’s request, to the extent such property does not constitute real property or fixtures constituting Term Loan/Notes Exclusive Collateral as of the Restatement Effective Date or required to become Term
Loan/Notes Exclusive Collateral pursuant to Section 5.16 following the Restatement Effective Date. The Administrative Agent shall direct the Collateral Agent to (without notice to, or vote or consent of, any Lender), at the applicable Credit
Party’s expense, execute and deliver or otherwise authorize the filing of such documents as such Credit Party shall reasonably request to effectuate the release or subordination, as applicable, set forth in the two preceding sentences, in form
and substance reasonable satisfactory to Administrative Agent, including financing statement amendments to evidence any release. 
 (e) The
Agents shall not be responsible for or have a duty to ascertain or inquire into any representation or warranty regarding the existence, value or collectability of the Collateral, the existence, priority or perfection of the Lien thereon in favor of
the Collateral Agent, for the benefit of the Term Loan/Notes Secured Parties, or any certificate prepared by any Credit Party in connection therewith, nor shall the Collateral Agent be responsible or liable to the Lenders for any failure to monitor
or maintain any portion of the Collateral. 

  
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 (f) The Collateral Agent may conclusively rely that any instruction received by it from the
Administrative Agent is in accordance with the appropriate consents from Lenders or Requisite Lenders (as applicable) pursuant to the terms hereof. 

(g) Release of TBA/Vacant Parcels. Notwithstanding anything to the contrary contained herein, (1) Borrower shall have the right to
subdivide any TBA/Vacant Parcel from the remaining Real Estate Asset, (2) the Administrative Agent shall direct the Collateral Agent to (without notice to, or vote or consent of, any Lender), at the applicable Credit Party’s expense, execute
and deliver or otherwise authorize the filing of such documents as such Credit Party shall reasonably request to effectuate the subdivision, in form and substance reasonably satisfactory to Administrative Agent and (3) following completion of such
subdivision, the Lien of the Mortgage and any other Collateral Document shall be released with respect to such TBA/Vacant Parcel upon satisfaction of the following conditions: 

(i) Not less than thirty (30) calendar days prior to the date of the intended release, Borrower shall deliver to the
Administrative Agent a notice setting forth (i) the date of the intended release of such TBA/Vacant Parcel, and (ii) the name of the proposed transferee; 

(ii) As of the date Borrower delivers to the Administrative Agent a notice of the proposed release and as of the date of the
release, no Event of Default has occurred and is continuing; 
 (iii) Borrower delivers to the Administrative Agent a
certificate of an Authorized Officer stating that (A) the release of the TBA/Vacant Parcel shall not cause a violation of any applicable zoning (including parking), building or use laws or licenses and permits as the same relate to the remainder of
the Real Estate Asset, (B) there shall not be any restriction in access to the remainder of the Real Estate Asset as a result of the release, (C) to the extent required by the local authorities or municipality, the TBA/Vacant Parcel has been or will
be, at the time of such release, legally subdivided from the remainder of the applicable Real Estate Asset and will be separately taxed, (D) all applicable and appropriate easements have been retained for the benefit of the remainder of the Real
Estate Asset to the extent necessary for its intended use and (E) that the release is permitted under the Credit Agreement; 

(iv) If the TBA/Vacant Parcel is part of a Title Policy Property, Borrower shall deliver to the Collateral Agent an endorsement
to the Title Policy insuring the Mortgage for such Title Policy Property, which endorsement (i) extends the effective date of such Title Policy to the effective date of the release, (ii) confirms no change in the priority of the Mortgage on the
remainder of the Real Estate Asset (exclusive of the TBA/Vacant Parcel that is released); and (iii) insures the rights and benefits granted the applicable Credit Party under any new or amended reciprocal easement agreement(s) or such other
agreement(s), if any, executed and recorded in connection with the release; 
 (v) Borrower shall submit to the
Administrative Agent, not less than ten (10) Business Days prior to the intended release date, a release of Lien for the TBA/Vacant Parcel for execution by the Collateral Agent, in form and substance satisfactory to the Administrative Agent; such
release shall be in a form appropriate in the State in which the TBA/Vacant Parcel is located; and 
 (vi) Borrower shall
have paid to the Administrative Agent and the Collateral Agent all of such Person’s reasonable out-of-pocket costs and expenses in connection with the review and approval of the documents and information required to be delivered pursuant to the
terms of this Section 9.8(f) and the release of the TBA/Vacant Parcel from the Lien of the Mortgage, including due diligence review costs and reasonable legal counsel fees. 

  
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 Upon satisfaction of the foregoing, the Administrative Agent shall direct the Collateral Agent to execute and
deposit into escrow the release of Lien documentation provided by Borrower on or prior to the intended release date, and such documentation shall be released immediately prior to the conveyance of the applicable TBA/Vacant Parcels to an unrelated
third party buyer. 
 9.9. Withholding Taxes. To the extent required by any applicable law, Administrative Agent may withhold from
any payment to any Lender an amount equivalent to any applicable withholding Tax. If the Internal Revenue Service or any other Governmental Authority asserts a claim that Administrative Agent did not properly withhold Tax from amounts paid to
or for the account of any Lender because the appropriate form was not delivered or was not properly executed or because such Lender failed to notify Administrative Agent of a change in circumstance which rendered the exemption from, or reduction of,
withholding Tax ineffective or for any other reason, or if Administrative Agent reasonably determines that a payment was made to a Lender pursuant to this Agreement without deduction of applicable withholding tax from such payment, such Lender shall
indemnify Administrative Agent fully for all amounts paid, directly or indirectly, by Administrative Agent as Tax or otherwise, including any penalties or interest and together with all expenses (including legal expenses, allocated internal costs
and out-of-pocket expenses) incurred. 
 9.10. Administrative Agent May File Bankruptcy Disclosure and Proofs of Claim. In case of
the pendency of any proceeding under any Debtor Relief Laws relative to any Credit Party, Administrative Agent (irrespective of whether the principal of any Loan shall then be due and payable as herein expressed or by declaration or otherwise and
irrespective of whether Administrative Agent shall have made any demand on Borrower) shall be entitled and empowered (but not obligated) by intervention in such proceeding or otherwise: 

(a) to file a verified statement pursuant to rule 2019 of the Federal Rules of Bankruptcy Procedure that, in its sole opinion,
complies with such rule’s disclosure requirements for entities representing more than one creditor; 
 (b) to file and
prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the
claims of the Lenders and Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of Administrative Agent and its respective agents and counsel and all other amounts due Administrative Agent
under Sections 2.11, 10.2 and 10.3) allowed in such judicial proceeding; and 
 (c) to collect and receive any monies or
other property payable or deliverable on any such claims and to distribute the same; 
 and any custodian, receiver, assignee, trustee, liquidator,
sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender to make such payments to Administrative Agent and, in the event that Administrative Agent shall consent to the making of such payments
directly to the Lenders, to pay to Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of Administrative Agent and its agents and counsel, and any other amounts

  
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due Administrative Agent under Sections 2.11, 10.2 and 10.3. To the extent that the payment of any such compensation, expenses, disbursements and advances of Administrative Agent, its agents
and counsel, and any other amounts due Administrative Agent under Sections 2.11, 10.2 and 10.3, out of the estate in any such proceeding, shall be denied for any reason, payment of the same shall be secured by a Lien on, and shall be paid out of,
any and all distributions, dividends, money, securities and other properties that the Lenders may be entitled to receive in such proceeding whether in liquidation or under any plan of reorganization or arrangement or otherwise. 

Nothing contained herein shall be deemed to authorize Administrative Agent to authorize or consent to or accept or adopt on behalf of any
Lender any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or to authorize Administrative Agent to vote in respect of the claim of any Lender in any such proceeding. 

 

	 	SECTION 10.	MISCELLANEOUS 

 10.1. Notices. 

(a) Notices Generally. Any notice or other communication herein required or permitted to be given to a Credit Party or any Agent shall
be sent to such Person’s address as set forth on Appendix B or in the other relevant Credit Document, and in the case of any Lender, the address as indicated to Administrative Agent in writing. Except as otherwise set forth in paragraph (b)
below, each notice hereunder shall be in writing and may be personally served or sent by telefacsimile (except for any notices sent to Administrative Agent) or United States mail or courier service and shall be deemed to have been given when
delivered in person or by courier service and signed for against receipt thereof, upon receipt of telefacsimile, or three Business Days after depositing it in the United States mail with postage prepaid and properly addressed; provided, no
notice to any Agent shall be effective until received by such Agent; provided further, any such notice or other communication shall at the request of Administrative Agent be provided to any sub-agent appointed pursuant to Section
9.3(c) as designated by Administrative Agent from time to time. 
 (b) Electronic Communications. 

(i) Notices and other communications to any Agent (except the Collateral Agent) and any Lender hereunder may be delivered or
furnished by electronic communication (including e-mail and Internet or intranet websites, including the Platform) pursuant to procedures approved by Administrative Agent, provided that the foregoing
shall not apply to notices to any Agent or any Lender pursuant to Section 2 if such Person has notified Administrative Agent that it is incapable of receiving notices under such Section by electronic communication. Notices and other
communications to the Collateral Agent may be delivered or furnished pursuant to the procedures set forth in Section 5.01 of the Pari Passu Intercreditor Agreement. Administrative Agent or Borrower may, in its discretion, agree to accept
notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it, provided that approval of such procedures may be limited to particular notices or communications. Unless Administrative Agent
otherwise prescribes, (i) notices and other communications sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgment from the intended recipient (such as by the “return receipt requested”
function, as available, return e-mail or other written acknowledgment), provided that if such notice or other 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, and (ii) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail
address as described in the foregoing clause (i) of notification that such notice or communication is available and identifying the website address therefor. 

  
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 (ii) Each Credit Party understands that the distribution of material through an
electronic medium is not necessarily secure and that there are confidentiality and other risks associated with such distribution and agrees and assumes the risks associated with such electronic distribution, except to the extent caused by the
willful misconduct or gross negligence of Administrative Agent, as determined by a final, non-appealable judgment of a court of competent jurisdiction. 

(iii) The Platform and any Approved Electronic Communications are provided “as is” and “as available”. None
of the Agents or any of their respective officers, directors, employees, agents, advisors or representatives (the “Agent Affiliates”) warrant the accuracy, adequacy, or completeness of the Approved Electronic Communications or the
Platform and each expressly disclaims liability for errors or omissions in the Platform and the Approved Electronic Communications. No warranty of any kind, express, implied or statutory, including any warranty of merchantability, fitness for a
particular purpose, non-infringement of third party rights or freedom from viruses or other code defects is made by the Agent Affiliates in connection with the Platform or the Approved Electronic Communications. 

(iv) Each Credit Party, each Lender and each Agent agrees that Administrative Agent may, but shall not be obligated to, store
any Approved Electronic Communications on the Platform in accordance with Administrative Agent’s customary document retention procedures and policies. 

(v) Any notice of Default or Event of Default may be provided by telephone if confirmed promptly thereafter by delivery of
written notice thereof. 
 (c) Private Side Information Contacts. Each Public Lender agrees to cause at least one individual at or on
behalf of such Public Lender to at all times have selected the “Private Side Information” or similar designation on the content declaration screen of the Platform in order to enable such Public Lender or its delegate, in accordance with
such Public Lender’s compliance procedures and applicable law, including United States federal and state securities laws, to make reference to information that is not made available through the “Public Side Information” portion of the
Platform and that may contain Non-Public Information with respect to Holdings, its Subsidiaries or their securities for purposes of United States federal or state securities laws. In the event that any Public Lender has determined for itself to not
access any information disclosed through the Platform or otherwise, such Public Lender acknowledges that (i) other Lenders may have availed themselves of such information and (ii) neither Borrower nor Administrative Agent has any responsibility for
such Public Lender’s decision to limit the scope of the information it has obtained in connection with this Agreement and the other Credit Documents. 

10.2. Expenses. Whether or not the transactions contemplated hereby shall be consummated, Borrower agrees to pay promptly (a) all
documented, out-of-pocket, actual and reasonable costs and expenses incurred in connection with the negotiation, preparation and execution of the Credit Documents and any consents, amendments, waivers or other modifications thereto; (b) all the
reasonable and documented costs of furnishing all opinions by counsel for Borrower and the other Credit Parties; (c) the reasonable, documented fees, expenses and disbursements of counsel to Agents (limited to one counsel for all Agents taken as a
whole (plus one additional counsel for the Collateral Agent) and, if reasonably necessary, a single local counsel for all Agents taken as a whole (plus one additional counsel for the Collateral Agent) in each relevant material jurisdiction and,
solely in the case of a conflict of interest, one 

  
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additional counsel in each relevant jurisdiction to each group of affected Agents similarly situated taken as a whole) in connection with the negotiation, preparation, execution and
administration of the Credit Documents and any consents, amendments, waivers or other modifications thereto and any other documents or matters requested by Borrower; (d) all documented, out-of-pocket actual costs and reasonable expenses of creating,
perfecting, recording, maintaining and preserving Liens in favor of Collateral Agent, for the benefit of Term Loan/Notes Secured Parties, including filing and recording fees, expenses and taxes, stamp or documentary taxes, search fees, title
insurance premiums and reasonable fees, expenses and disbursements of counsel to each Agent and of counsel providing any opinions that any Agent or Requisite Lenders may request in respect of the Collateral or the Liens created pursuant to the
Collateral Documents; (e) all documented actual and reasonable costs, fees, expenses and disbursements of any auditors, accountants, consultants or appraisers; (f) all documented actual and reasonable, documented costs and expenses (including the
reasonable fees, expenses and disbursements of any appraisers, consultants, advisors and agents employed or retained by Collateral Agent and its counsel) in connection with the custody or preservation of any of the Collateral; (g) all other
documented, out-of-pocket, actual and reasonable costs and expenses incurred by each Agent in connection with the syndication of the Loans and Commitments and the transactions contemplated by the Credit Documents and any consents, amendments,
waivers or other modifications thereto and (h) after the occurrence of a Default or an Event of Default, all documented, out-of-pocket costs and expenses, including reasonable attorneys’ fees (limited to one counsel for Agents and Lenders taken
as a whole (plus one additional counsel for the Collateral Agent) and, if reasonably necessary, a single local counsel for all Agents and Lenders taken as a whole (plus one additional counsel for the Collateral Agent) in each relevant material
jurisdiction and, solely in the case of a conflict of interest, one additional counsel in each relevant jurisdiction to each group of affected Agents and Lenders similarly situated taken as a whole) and costs of settlement, incurred by any Agent and
Lenders in enforcing any Obligations of or in collecting any payments due from any Credit Party hereunder or under the other Credit Documents by reason of such Default or Event of Default (including in connection with the sale, lease or license of,
collection from, or other realization upon any of the Collateral or the enforcement of the Guaranty) or in connection with any refinancing or restructuring of the credit arrangements provided hereunder in the nature of a “work-out” or
pursuant to any insolvency or bankruptcy cases or proceedings. 
 10.3. Indemnity. 

(a) In addition to the payment of expenses pursuant to Section 10.2, whether or not the transactions contemplated hereby shall be consummated,
each Credit Party agrees to defend (subject to Indemnitees’ selection of counsel), indemnify, pay and hold harmless, each Agent and Lender and each of their respective officers, partners, members, directors, trustees, advisors, employees,
agents, sub-agents and Affiliates (each, an “Indemnitee”), from and against any and all Indemnified Liabilities. THE FOREGOING INDEMNIFICATION SHALL APPLY WHETHER OR NOT SUCH INDEMNIFIED LIABILITIES ARE IN ANY WAY OR TO ANY
EXTENT OWED, IN WHOLE OR IN PART, UNDER ANY CLAIM OR THEORY OF STRICT LIABILITY, OR ARE CAUSED, IN WHOLE OR IN PART, BY ANY NEGLIGENT ACT OR OMISSION OF ANY KIND BY ANY INDEMNITEE AND WHETHER OR NOT SUCH INDEMNIFIED LIABILITIES ARE IN CONNECTION
WITH AN INVESTIGATION, LITIGATION, CLAIM OR PROCEEDING THAT IS BROUGHT BY ANY CREDIT PARTY, ANY EQUITY HOLDERS OR CREDITORS OF ANY CREDIT PARTY OR ANY OTHER INDEMNITEE AND WHETHER OR NOT SUCH INDEMNITEE IS OTHERWISE A PARTY HERETO;
provided, however, no Credit Party shall have any obligation to any Indemnitee hereunder with respect to any Indemnified Liabilities to the extent such Indemnified Liabilities arise from (x) the gross negligence, bad faith or willful
misconduct of such Indemnitee or their respective controlled Affiliates, directors, employees, attorneys, agents or sub-agents, in each case, as determined by a final, non-appealable judgment of a court of competent jurisdiction, (y) arises from a
material breach of the obligations of such Indemnitee hereunder (other than with respect to a 

  
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 breach by the Collateral Agent), as determined by a final, non-appealable judgment of a court of competent
jurisdiction or (z) arises from any dispute solely among Indemnitees other than (1) any claims against any Agent in its capacity or in fulfilling its role as an Agent or any similar role hereunder and (2) any claims arising out of any act or
omission on the part of any Credit Party or any of its Affiliates, in each case as determined by a final, non-appealable judgment of a court of competent jurisdiction. To the extent that the undertakings to defend, indemnify, pay and hold
harmless set forth in this Section 10.3 may be unenforceable in whole or in part because they are violative of any law or public policy, the applicable Credit Party shall 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. 
 (b) To the extent
permitted by applicable law, no Credit Party shall assert, and each Credit Party hereby waives, any claim against each Lender, each Agent and their respective Affiliates, directors, employees, attorneys, agents or sub-agents, on any theory of
liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) (whether or not the claim therefor is based on contract, tort or duty imposed by any applicable legal requirement) arising out of, in
connection with, as a result of, or in any way related to, this Agreement or any Credit Document or any agreement or instrument contemplated hereby or thereby or referred to herein or therein, the transactions contemplated hereby or thereby, any
Loan or the use of the proceeds thereof or any act or omission or event occurring in connection therewith, and Holdings and Borrower hereby waives, releases and agrees not to sue upon any such claim or any such damages, whether or not accrued and
whether or not known or suspected to exist in its favor. 
 (c) Each Credit Party also agrees that no Lender, Agent nor their respective
Affiliates, directors, employees, attorneys, agents or sub-agents will have any liability to any Credit Party or any person asserting claims on behalf of or in right of any Credit Party or any other person in connection with or as a result of this
Agreement or any Credit Document or any agreement or instrument contemplated hereby or thereby or referred to herein or therein, the transactions contemplated hereby or thereby, any Loan or the use of the proceeds thereof or any act or omission or
event occurring in connection therewith, in each case, except in the case of any Credit Party to the extent that any losses, claims, damages, liabilities or expenses incurred by such Credit Party or its affiliates, shareholders, partners or other
equity holders have been found by a final, non-appealable judgment of a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of such Lender, Agent or their respective Affiliates, directors, employees,
attorneys, agents or sub-agents in performing its obligations under this Agreement or any Credit Document or any agreement or instrument contemplated hereby or thereby or referred to herein or therein; provided, however, that in no
event will such Lender, Agent, or their respective Affiliates, directors, employees, attorneys, agents or sub-agents have any liability for any indirect, consequential, special or punitive damages in connection with or as a result of such
Lender’s, Agent’s or their respective Affiliates’, directors’, employees’, attorneys’, agents’ or sub-agents’ activities related to this Agreement or any Credit Document or any agreement or instrument
contemplated hereby or thereby or referred to herein or therein. 
 10.4. Set-Off. In
addition to any rights now or hereafter granted under applicable law and not by way of limitation of any such rights, upon the occurrence of any Event of Default each Lender is hereby authorized by each Credit Party at any time or from time to time
subject to the prior written consent of Administrative Agent, without notice to any Credit Party or to any other Person (other than Administrative Agent), any such notice being hereby expressly waived, to set off and to appropriate and to apply any
and all deposits (general or special, including Indebtedness evidenced by certificates of deposit, whether matured or unmatured, but not including trust accounts) and any other Indebtedness at any time held or owing by such Lender to or for the
credit or the account of any Credit Party against and on account of the obligations and liabilities of any Credit Party to such Lender hereunder, including all 

  
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 claims of any nature or description arising out of or connected hereto, irrespective of whether or not (a) such
Lender shall have made any demand hereunder or (b) the principal of or the interest on the Loans or any other amounts due hereunder shall have become due and payable pursuant to Section 2 and although such obligations and liabilities, or any of
them, may be contingent or unmatured; provided that in the event that any Defaulting Lender shall exercise any such right of setoff, (x) all amounts so set off shall be paid over immediately to Administrative Agent for further application in
accordance with the provisions of Sections 2.17 and 2.22 and, pending such payment, shall be segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit of Administrative Agent and the Lenders, and (y) the
Defaulting Lender shall provide promptly to Administrative Agent a statement describing in reasonable detail the Obligations owing to such Defaulting Lender as to which it exercised such right of setoff. The rights of each Lender and their
respective Affiliates under this Section 10.4 are in addition to other rights and remedies (including other rights of setoff) that such Lender or their respective Affiliates may have. 

10.5. Amendments and Waivers. 

(a) Requisite Lenders’ Consent. Subject to the additional requirements of Sections 10.5(b) and 10.5(c) and except as provided
in Sections 10.5(e), 10.5(f) and 10.5(g), no amendment, modification, termination or waiver of any provision of the Credit Documents, or consent to any departure by any Credit Party therefrom, shall in any event be effective without the written
concurrence of Requisite Lenders; provided that Administrative Agent may, with the consent of Borrower only, amend, modify or supplement this Agreement or any other Credit Document (or direct the Collateral Agent to do the same) to cure any
ambiguity, omission, defect or inconsistency (as reasonably determined by Administrative Agent), so long as such amendment, modification or supplement does not adversely affect the rights of any Lender or the Lenders shall have received at least
five Business Days’ prior written notice thereof and Administrative Agent shall not have received, within five Business Days of the date of such notice to the Lenders, a written notice from the Requisite Lenders stating that the Requisite
Lenders object to such amendment. Notwithstanding anything to the contrary in this Section 10.5, the Credit Parties shall be permitted to supplement or amend schedules to the Pledge and Security Agreement or Collateral Questionnaire, in each case,
in accordance with Section 13 of the Pledge and Security Agreement. 
 (b) Affected Lenders’ Consent. Without the written
consent of each Lender that would be directly affected thereby, no amendment, modification, termination, or consent shall be effective if the effect thereof would: 

(i) extend the scheduled final maturity of any Loan or Note; 

(ii) waive, reduce or postpone any scheduled repayment (but not prepayment); 

(iii) reduce the rate of interest on any Loan (other than any waiver of any increase in the interest rate applicable to any
Loan pursuant to Section 2.10) or any fee or any premium payable hereunder; 
 (iv) extend the time for payment of any such
interest, fees or premium; 
 (v) reduce the principal amount of any Loan; 

(vi) amend, modify, terminate or waive any provision of this Section 10.5(b), Section 10.5(c) or any other provision of this
Agreement that expressly provides that the consent of all Lenders is required; 

  
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 (vii) amend the definition of “Requisite Lenders” or “Pro Rata
Share”; provided, with the consent of Requisite Lenders, additional extensions of credit pursuant hereto may be included in the determination of “Requisite Lenders” or “Pro Rata Share” on substantially the same basis
as the Commitments and the Loans are included on the Restatement Effective Date; 
 (viii) release all or substantially all
of the Collateral or all or substantially all of the Guarantors from the Guaranty except as expressly provided in the Credit Documents and except in connection with a “credit bid” undertaken by the Administrative Agent at the direction of
the Requisite Lenders pursuant to Section 363(k), Section 1129(b)(2)(a)(ii) or otherwise of the Bankruptcy Code or other sale or disposition of assets in connection with an enforcement action with respect to the Collateral permitted pursuant to the
Credit Documents (in which case only the consent of the Requisite Lenders will be needed for such release); or 
 (ix)
consent to the assignment or transfer by any Credit Party of any of its rights and obligations under any Credit Document; 
 provided that, for the
avoidance of doubt, all Lenders shall be deemed directly affected thereby with respect to any amendment described in clauses (vii), (viii) and (ix). 

(c) Other Consents. No amendment, modification, termination or waiver of any provision of the Credit Documents, or consent to any
departure by any Credit Party therefrom, shall: 
 (i) increase any Commitment of any Lender over the amount thereof then in
effect without the consent of such Lender; provided, no amendment, modification or waiver of any condition precedent, covenant, Default or Event of Default shall constitute an increase in any Commitment of any Lender; 

(ii) alter the required application of any repayments or prepayments as between Classes pursuant to Section 2.15 without the
consent of Lenders holding more than 50% of the aggregate Loan Exposure of all Lenders of each Class which is being allocated a lesser repayment or prepayment as a result thereof; provided, Requisite Lenders may amend, modify or waive, in
whole or in part, any prepayment provision so long as the application, as between Classes, of any portion of such prepayment which is still required to be made is not altered; or 

(iii) amend, modify, terminate or waive any provision of the Credit Documents as the same applies to any Agent, or any other
provision hereof as the same applies to the rights or obligations of any Agent, in each case without the consent of such Agent. 
 (d)
Execution of Amendments, Etc. Administrative Agent may, but shall have no obligation to, with the concurrence of any Lender, execute amendments, modifications, waivers or consents on behalf of such Lender (or direct the Collateral Agent
to do the same). Any waiver or consent shall be effective only in the specific instance and for the specific purpose for which it was given. No notice to or demand on any Credit Party in any case shall entitle any Credit Party to any other
or further notice or demand in similar or other circumstances. Any amendment, modification, termination, waiver or consent effected in accordance with this Section 10.5 shall, upon delivery to Administrative Agent, be binding upon each Lender
at the time outstanding, each future Lender and, if signed by a Credit Party, on such Credit Party. 
 (e) Extension Amendments and
Refinancing Amendments. Nothing in this Section 10.5 shall be deemed to limit any Credit Party or Administrative Agent from entering into any Refinancing Amendments or Extension Amendments (including, without limitation, to amend the
definition of 

  
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“Maturity Date” to reflect any such Refinancing or Extension) to effectuate the Refinancing or Extensions contemplated by Section 2.24 or 2.25 hereof, respectively, and the Lenders
hereby irrevocably authorize Administrative Agent to enter into such amendments on their behalf. 
 (f) Credit Agreement Refinancing
Indebtedness. Notwithstanding the foregoing, no Lender consent is required to effect any amendment or supplement to any ABL Intercreditor Agreement, any Pari Passu Intercreditor Agreement, other intercreditor agreement or arrangement or any
other Collateral Document permitted under this Agreement in connection with an incurrence of Indebtedness or Liens permitted under this Agreement (including, without limitation, the joinder of holders thereof), as expressly contemplated by the terms
of such ABL Intercreditor Agreement, such Pari Passu Intercreditor Agreement, such other intercreditor agreement or arrangement or such other Collateral Document permitted under this Agreement, as applicable (it being understood that any such
amendment or supplement may make such other changes to the applicable intercreditor agreement or Collateral Document as, in the good faith determination of Administrative Agent, are required to effectuate the foregoing and provided that such other
changes are not adverse, in any material respect, to the interests of the Lenders); provided, further, that no such agreement shall amend, modify or otherwise affect the rights or duties of Administrative Agent or Collateral Agent
hereunder or under any other Credit Document without the prior written consent of the Administrative Agent or Collateral Agent, as applicable. 

(g) Amendments for the Purpose of Granting New Liens or Adding Collateral. Notwithstanding the foregoing, any Collateral Document
may be amended or otherwise modified without the consent of any Lender solely to grant a new Lien for the benefit of the Term Loan/Notes Secured Parties or to extend an existing Lien in any Collateral Document over additional assets. The
Collateral Agent shall execute and deliver to the Administrative Agent any documents reasonably requested in connection with the foregoing. 

10.6. Successors and Assigns; Participations. 

(a) Generally. This Agreement shall be binding upon the parties hereto and their respective successors and assigns and shall inure to
the benefit of the parties hereto and the successors and assigns of Lenders. No Credit Party’s rights or obligations hereunder nor any interest therein may be assigned or delegated by any Credit Party without the prior written consent of all
Lenders. Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby and, to the extent expressly contemplated hereby,
Affiliates of each of the Agents and Lenders and other Indemnitees) any legal or equitable right, remedy or claim under or by reason of this Agreement. 

(b) Register. Borrower, Administrative Agent and Lenders shall deem and treat the Persons listed as Lenders in the Register as the
holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case, unless and until recorded in the Register following
receipt of a fully executed Assignment Agreement effecting the assignment or transfer thereof, together with the required forms and certificates regarding tax matters and any fees payable in connection with such assignment, in each case, as provided
in Section 10.6(d). Each assignment shall be recorded in the Register promptly following receipt by Administrative Agent of the fully executed Assignment Agreement and all other necessary documents and approvals, prompt notice thereof shall be
provided to Borrower and a copy of such Assignment Agreement shall be maintained, as applicable. The date of such recordation of a transfer shall be referred to herein as the “Assignment Effective Date.” Any request, authority or
consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding
Commitments or Loans. 

  
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 (c) Right to Assign. Each Lender shall have the right at any time to sell, assign or
transfer all or a portion of its rights and obligations under this Agreement, including all or a portion of its Commitment or Loans owing to it or other Obligations (provided, however, that pro rata assignments shall not be required
and each assignment shall be of a uniform, and not varying, percentage of all rights and obligations under and in respect of any applicable Loan and any related Commitments): 

(i) to any Person meeting the criteria of clause (i) of the definition of the term “Eligible Assignee” upon the
giving of notice to Administrative Agent; 
 (ii) to any Person meeting the criteria of clause (ii) of the definition of the
term “Eligible Assignee” upon giving of notice to Borrower, Administrative Agent and to any such Person (except in the case of assignments made by or to JPMorgan), consented to by each of Borrower and Administrative Agent (such consent not
to be (x) unreasonably withheld or delayed or, (y) in the case of Borrower, required at any time an Event of Default shall have occurred and then be continuing); provided further that (A) Borrower shall be deemed to have consented to
any such assignment unless it shall object thereto by written notice to Administrative Agent within 10 Business Days after having received notice thereof and (B) each such assignment pursuant to this Section 10.6(c)(ii) shall be in an aggregate
amount of not less than (w) $1,000,000, (x) such lesser amount as agreed to by Borrower and Administrative Agent, (y) the aggregate amount of the Loans of the assigning Lender with respect to the Class being assigned or (z) the amount assigned by an
assigning Lender to an Affiliate or Related Fund of such Lender; and 
 (iii) to any Persons the identities and allocations
of which were approved by the Borrower prior to the Restatement Effective Date (and any Affiliates thereof) in connection with the primary syndication of the Loans. 

(d) Mechanics. 

(i) Assignments and assumptions of Loans and Commitments by Lenders shall be effected by manual execution and delivery to
Administrative Agent of an Assignment Agreement. Assignments made pursuant to the foregoing provision shall be effective as of the Assignment Effective Date. In connection with all assignments there shall be delivered to Administrative Agent such
forms, certificates or other evidence, if any, with respect to United States federal income tax withholding matters as the assignee under such Assignment Agreement may be required to deliver pursuant to Section 2.20(c), together with payment to
Administrative Agent of a registration and processing fee of $3,500. 
 (ii) In connection with any assignment of rights and
obligations of any Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to Administrative
Agent in an aggregate amount sufficient, upon distribution thereof as appropriate, to (x) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to Administrative Agent and each other Lender hereunder (and interest
accrued thereon), and (y) acquire (and fund as appropriate) its full Pro Rata Share of all Loans. Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective
under applicable law without compliance with the provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs. 

(e) Representations and Warranties of Assignee. Each Lender, upon execution and delivery hereof or upon succeeding to an interest
in the Commitments and Loans, as the case may be, represents 

  
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and warrants as of the Restatement Effective Date or as of the Assignment Effective Date that (i) it is an Eligible Assignee; (ii) it has experience and expertise in the making of or investing in
commitments or loans such as the applicable Commitments or Loans, as the case may be; and (iii) it will make or invest in, as the case may be, its Commitments or Loans for its own account in the ordinary course and without a view to distribution of
such Commitments or Loans within the meaning of the Securities Act or the Exchange Act or other federal securities laws (it being understood that, subject to the provisions of this Section 10.6, the disposition of such Commitments or Loans or any
interests therein shall at all times remain within its exclusive control). 
 (f) Effect of Assignment. Subject to the terms and
conditions of this Section 10.6, as of the Assignment Effective Date (i) the assignee thereunder shall have the rights and obligations of a “Lender” hereunder to the extent of its interest in the Loans and Commitments as reflected in the
Register and shall thereafter be a party hereto and a “Lender” for all purposes hereof; (ii) the assigning Lender thereunder shall, to the extent that rights and obligations hereunder have been assigned to the assignee, relinquish its
rights (other than any rights which survive the termination hereof under Section 10.8) and be released from its obligations hereunder (and, in the case of an assignment covering all or the remaining portion of an assigning Lender’s rights and
obligations hereunder, such Lender shall cease to be a party hereto on the Assignment Effective Date; provided, anything contained in any of the Credit Documents to the contrary notwithstanding, such assigning Lender shall continue to be
entitled to the benefit of all indemnities hereunder as specified herein with respect to matters arising out of the prior involvement of such assigning Lender as a Lender hereunder); (iii) the Commitments shall be modified to reflect any Commitment
of such assignee and any Commitment of such assigning Lender, if any; and (iv) if any such assignment occurs after the issuance of any Note hereunder, the assigning Lender shall, upon the effectiveness of such assignment or as promptly thereafter as
practicable, surrender its applicable Notes to Administrative Agent for cancellation, and thereupon Borrower shall issue and deliver new Notes, if so requested by the assignee and/or assigning Lender, to such assignee and/or to such assigning
Lender, with appropriate insertions, to reflect the outstanding Loans of the assignee and/or the assigning Lender. 
 (g)
Participations. 
 (i) Each Lender shall have the right at any time to sell one or more participations to any Person
(other than Holdings, any of its Subsidiaries or any of its Affiliates) in all or any part of its Commitments, Loans or in any other Obligation. Each Lender that sells a participation pursuant to this Section 10.6(g) shall, acting solely for U.S.
federal income tax purposes as an agent of Borrower, maintain a register on which it records the name and address of each participant and the principal amounts of each participant’s participation interest with respect to the Loan (each, a
“Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register to any Person (including the identity of any participant or any information relating to a
participant’s interest in any Commitments, Loans or its other obligations under this Agreement) except to the extent that the relevant parties, acting reasonably and in good faith, determine that such disclosure is necessary to establish that
such Commitment, Loan or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. Unless otherwise required by the Internal Revenue Service, any disclosure required by the foregoing sentence shall
be made by the relevant Lender directly and solely to the Internal Revenue Service. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant
Register as the owner of a participation with respect to the Loan for all purposes under this Agreement, notwithstanding any notice to the contrary. 

(ii) The holder of any such participation, other than an Affiliate of the Lender granting such participation, shall not be
entitled to require such Lender to take or omit to take any 

  
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action hereunder except with respect to any amendment, modification or waiver that would (A) extend the final scheduled maturity of any Loan or Note in which such participant is participating, or
reduce the rate or extend the time of payment of interest or fees thereon (except in connection with a waiver of applicability of any post-default increase in interest rates) or reduce the principal amount
thereof, or increase the amount of the participant’s participation over the amount thereof then in effect (it being understood that a waiver of any Default or Event of Default or of a mandatory reduction in the Commitment shall not constitute a
change in the terms of such participation, and that an increase in any Commitment or Loan shall be permitted without the consent of any participant if the participant’s participation is not increased as a result thereof), (B) consent to the
assignment or transfer by any Credit Party of any of its rights and obligations under this Agreement or (C) release all or substantially all of the Collateral under the Collateral Documents or all or substantially all of the Guarantors from the
Guaranty (in each case, except as expressly provided in the Credit Documents) supporting the Loans hereunder in which such participant is participating. 

(iii) Borrower agrees that each participant shall be entitled to the benefits of Sections 2.18(c), 2.19 and 2.20 to the same
extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (c) of this Section; provided, (x) a participant shall not be entitled to receive any greater payment under Section 2.19 or 2.20 than the
applicable Lender would have been entitled to receive with respect to the participation sold to such participant, and (y) a participant shall not be entitled to the benefits of Section 2.20 unless Borrower is notified of the participation sold to
such participant and such participant agrees, for the benefit of Borrower, to comply with Section 2.20 as though it were a Lender; provided further that, except as specifically set forth in clauses (x) and (y) of this sentence, nothing
herein shall require any notice to Borrower or any other Person in connection with the sale of any participation. To the extent permitted by law, each participant also shall be entitled to the benefits of Section 10.4 as though it were a
Lender, provided such participant agrees to be subject to Section 2.17 as though it were a Lender. 
 (h) Certain Other
Assignments and Participations. In addition to any other assignment or participation permitted pursuant to this Section 10.6 any Lender may assign, pledge and/or grant a security interest in all or any portion of its Loans, the other
Obligations owed by or to such Lender, and its Notes, if any, to secure obligations of such Lender including any Federal Reserve Bank as collateral security pursuant to Regulation A of the Board of Governors and any operating circular issued by
such Federal Reserve Bank; provided, that no Lender, as between Borrower and such Lender, shall be relieved of any of its obligations hereunder as a result of any such assignment and pledge, and provided further, that in no
event shall the applicable Federal Reserve Bank, pledgee or trustee, be considered to be a “Lender” or be entitled to require the assigning Lender to take or omit to take any action hereunder. 

(i) Assignments to Borrower. Notwithstanding anything to the contrary contained in this Section 10.6 or any other provision of this
Agreement, so long as no Event of Default has occurred and is continuing or would result therefrom, each Lender shall have the right at any time to sell, assign or transfer all or a portion of its Commitment or Loans owing to it (provided,
however, that each assignment shall be of a uniform, and not varying, percentage of all rights and obligations under and in respect of any applicable Loan and any related Commitments) to Borrower on a non pro rata basis through (x) one or
more modified Dutch auctions (each, an “Auction”) (provided that, (A) notice of the Auction shall be made to all Lenders and (B) the Auction shall be conducted pursuant to such procedures as the Auction Manager may establish
which are consistent with the Auction Procedures set forth on Exhibit I and are otherwise reasonably acceptable to Borrower, the Auction Manager and Administrative Agent)) or (y) open market purchases, in each case subject to the following
additional limitations: 
 (i) With respect to all repurchases made by Borrower pursuant to any Auction, (A) Borrower shall
deliver to the Auction Manager a certificate of an Authorized Officer stating that (1) no Event of Default has occurred and is continuing or would result from such repurchase and (2) as of the launch date of the related Auction and the effective
date of any Borrower Assignment Agreement, it is not in possession of any information regarding Borrower or its Subsidiaries, or their assets, Borrower’s ability to perform its Obligations or any other matter that may be material to a decision
by any Lender to participate in any Auction or enter into any Borrower Assignment Agreement or any of the transactions contemplated thereby that has not previously been disclosed to the Auction Manager, Administrative Agent and the Non-Public
Lenders and (B) the assigning Lender and Borrower shall execute and deliver to the Auction Manager a Borrower Assignment Agreement; 

  
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 (ii) With respect to all open market purchases made by Borrower, (A) the
aggregate principal amount of Loans purchased by assignment pursuant to this Section 10.6(i)(ii) may not exceed $250,000,000 after the Restatement Effective Date during the term of this Agreement, and (B) the assigning Lender and the Borrower shall
execute and deliver to the Administrative Agent a Borrower Assignment Agreement and (C) either (1) Borrower shall represent in the relevant Borrower Assignment Agreement that it is not in possession of any information regarding Borrower or its
Subsidiaries, or their assets, Borrower’s ability to perform its Obligations or any other matter that may be material to a decision by any Lender to enter into any Borrower Assignment Agreement or any of the transactions contemplated thereby
that has not previously been disclosed to the assigning Lender or (2) each Lender shall agree in the relevant Borrower Assignment Agreement that (v) in connection with any such open market purchase, Borrower then may have, and later may come into
possession of, information regarding the Loans or the Credit Parties hereunder that is not known to such Lender and that may be material to a decision by such Lender to enter into an assignment of such Loans hereunder (“Excluded
Information”), (w) such Lender has independently and without reliance on Borrower or any of its Subsidiaries or Affiliates made such Lender’s own analysis and determined to enter into an assignment of such Loans and to consummate the
transactions contemplated thereby notwithstanding such Lender’s lack of knowledge of the Excluded Information, (x) Holdings and its Subsidiaries shall have no liability to such Lender, and such Lender hereby waives and releases, to the extent
permitted by law, any claims such Lender may have against Holdings and its Subsidiaries, under applicable laws or otherwise, with respect to the nondisclosure of the Excluded Information, (y) the Excluded Information may not be available to
Administrative Agent or the other Lenders hereunder and (z) to the extent such Lender assigns (or does not assign) Loans pursuant to this Section 10.6(i), it agrees to the provisions set forth in this clause (ii), and agrees that such provisions
shall control, notwithstanding any inconsistent provision hereof or in any Borrower Assignment Agreement; and 
 (iii)
Following any repurchase by Borrower pursuant to this Section 10.6(i), the Loans so repurchased shall, without further action by any Person, be deemed cancelled for all purposes and no longer outstanding (and may not be resold by Borrower), for all
purposes of this Agreement and all other Credit Documents, including, but not limited to (A) the making of, or the application of, any payments to the Lenders under this Agreement or any other Credit Document, (B) the making of any request, demand,
authorization, direction, notice, consent or waiver under this Agreement or any other Credit Document or (C) the determination of Requisite Lenders, or for any similar or related purpose, under this Agreement or any other Credit Document. In
connection with any Loans repurchased and cancelled pursuant to this Section 10.6(i), Administrative Agent is authorized to make appropriate entries in the Register to reflect any such cancellation. 

  
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 10.7. Independence of Covenants. All covenants hereunder shall be given
independent effect so that if a particular action or condition is not permitted by any of such covenants, the fact that it would be permitted by an exception to, or would otherwise be within the limitations of, another covenant shall not avoid the
occurrence of a Default or an Event of Default if such action is taken or condition exists. 
 10.8. Survival of Representations,
Warranties and Agreements. All representations, warranties and agreements made herein shall survive the execution and delivery hereof and the making of any Credit Extension. Notwithstanding anything herein or implied by law to
the contrary, the agreements of each Credit Party set forth in Sections 2.18(c), 2.19, 2.20, 10.2, 10.3 and 10.4 and the agreements of Lenders set forth in Sections 2.17, 9.3(b) and 9.6 shall survive the payment of the Loans and the termination
hereof. 
 10.9. No Waiver; Remedies Cumulative. No failure or delay on the part of any Agent or any Lender in the
exercise of any power, right or privilege hereunder or under any other Credit Document shall impair such power, right or privilege or be construed to be a waiver of any default or acquiescence therein, nor shall any single or partial exercise of any
such power, right or privilege preclude other or further exercise thereof or of any other power, right or privilege. The rights, powers and remedies given to each Agent and each Lender hereby are cumulative and shall be in addition to and
independent of all rights, powers and remedies existing by virtue of any statute or rule of law or in any of the other Credit Documents. Any forbearance or failure to exercise, and any delay in exercising, any right, power or remedy hereunder
shall not impair any such right, power or remedy or be construed to be a waiver thereof, nor shall it preclude the further exercise of any such right, power or remedy. 

10.10. Marshalling; Payments Set Aside. Neither any Agent nor any Lender shall be under any obligation to marshal any
assets in favor of any Credit Party or any other Person or against or in payment of any or all of the Obligations. To the extent that any Credit Party makes a payment or payments to Administrative Agent or Lenders (or to Administrative Agent,
on behalf of Lenders), or any Agent or Lender enforces any security interests or exercises any right of setoff, and such payment or payments or the proceeds of such enforcement or setoff or any part thereof are subsequently invalidated, declared to
be fraudulent or preferential, set aside and/or required to be repaid to a trustee, receiver or any other party under any bankruptcy law, any other state or federal law, common law or any equitable cause, then, to the extent of such recovery, the
obligation or part thereof originally intended to be satisfied, and all Liens, rights and remedies therefor or related thereto, shall be revived and continued in full force and effect as if such payment or payments had not been made or such
enforcement or setoff had not occurred. 
 10.11. Severability. In case any provision in or obligation hereunder or under
any other Credit Document shall be invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other jurisdiction, shall not
in any way be affected or impaired thereby. 
 10.12. Obligations Several; Independent Nature of Lenders’
Rights. The obligations of Lenders hereunder are several and no Lender shall be responsible for the obligations or Commitment of any other Lender hereunder. Nothing contained herein or in any other Credit Document, and no action
taken by Lenders pursuant hereto or thereto, shall be deemed to constitute Lenders as a partnership, an association, a joint venture or any other kind of entity. The amounts payable at any time hereunder to each Lender shall be a separate and
independent debt, and each Lender shall be entitled to protect and enforce its rights arising out hereof and it shall not be necessary for any other Lender to be joined as an additional party in any proceeding for such purpose. 

10.13. Headings. Section headings herein are included herein for convenience of reference only and shall not
constitute a part hereof for any other purpose or be given any substantive effect. 

  
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 10.14. APPLICABLE LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES
HEREUNDER (INCLUDING, WITHOUT LIMITATION, ANY CLAIMS SOUNDING IN CONTRACT LAW OR TORT LAW ARISING OUT OF THE SUBJECT MATTER HEREOF AND ANY DETERMINATIONS WITH RESPECT TO POST-JUDGMENT INTEREST) SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND
ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THEREOF THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK. 

10.15. CONSENT TO JURISDICTION. SUBJECT TO CLAUSE (E) OF THE FOLLOWING SENTENCE, ALL JUDICIAL PROCEEDINGS BROUGHT AGAINST ANY
PARTY ARISING OUT OF OR RELATING HERETO OR ANY OTHER CREDIT DOCUMENTS, OR ANY OF THE OBLIGATIONS, SHALL BE BROUGHT IN ANY FEDERAL COURT OF THE UNITED STATES OF AMERICA SITTING IN THE BOROUGH OF MANHATTAN OR, IF THAT COURT DOES NOT HAVE SUBJECT
MATTER JURISDICTION, IN ANY STATE COURT LOCATED IN THE CITY AND COUNTY OF NEW YORK. BY EXECUTING AND DELIVERING THIS AGREEMENT, EACH CREDIT PARTY, FOR ITSELF AND IN CONNECTION WITH ITS PROPERTIES, IRREVOCABLY (A) ACCEPTS GENERALLY
AND UNCONDITIONALLY THE EXCLUSIVE JURISDICTION AND VENUE OF SUCH COURTS (OTHER THAN WITH RESPECT TO ACTIONS BY ANY AGENT IN RESPECT OF RIGHTS UNDER ANY COLLATERAL DOCUMENTS GOVERNED BY LAWS OTHER THAN THE LAWS OF THE STATE OF NEW YORK OR WITH
RESPECT TO ANY COLLATERAL SUBJECT THERETO); (B) WAIVES ANY DEFENSE OF FORUM NON CONVENIENS; (C) 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 THE
APPLICABLE CREDIT PARTY AT ITS ADDRESS PROVIDED IN ACCORDANCE WITH SECTION 10.1; (D) AGREES THAT SERVICE AS PROVIDED IN CLAUSE (C) ABOVE IS SUFFICIENT TO CONFER PERSONAL JURISDICTION OVER THE APPLICABLE CREDIT PARTY IN ANY SUCH PROCEEDING IN ANY
SUCH COURT, AND OTHERWISE CONSTITUTES EFFECTIVE AND BINDING SERVICE IN EVERY RESPECT; AND (E) AGREES THAT AGENTS AND LENDERS RETAIN THE RIGHT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR TO BRING PROCEEDINGS AGAINST ANY CREDIT PARTY IN
THE COURTS OF ANY OTHER JURISDICTION IN CONNECTION WITH THE EXERCISE OF ANY RIGHTS UNDER ANY COLLATERAL DOCUMENT OR THE ENFORCEMENT OF ANY JUDGMENT. 

10.16. WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY AGREES TO WAIVE ITS RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR
CAUSE OF ACTION BASED UPON OR ARISING HEREUNDER OR UNDER ANY OF THE OTHER CREDIT DOCUMENTS OR ANY DEALINGS BETWEEN THEM RELATING TO THE SUBJECT MATTER OF THIS LOAN TRANSACTION OR THE LENDER/BORROWER RELATIONSHIP THAT IS BEING ESTABLISHED. THE SCOPE
OF THIS WAIVER IS INTENDED TO BE ALL-ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT AND THAT RELATE TO THE SUBJECT MATTER OF THIS TRANSACTION, INCLUDING CONTRACT CLAIMS, TORT CLAIMS,
BREACH OF DUTY CLAIMS AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS. EACH PARTY HERETO ACKNOWLEDGES THAT THIS WAIVER IS A MATERIAL INDUCEMENT TO ENTER INTO A BUSINESS RELATIONSHIP, THAT EACH HAS ALREADY RELIED ON THIS WAIVER IN ENTERING INTO
THIS AGREEMENT, AND THAT EACH WILL CONTINUE TO RELY ON THIS WAIVER IN ITS RELATED FUTURE DEALINGS. EACH PARTY HERETO FURTHER WARRANTS AND REPRESENTS THAT IT HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL AND 

  
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THAT IT KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. THIS WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN
WRITING (OTHER THAN BY A MUTUAL WRITTEN WAIVER SPECIFICALLY REFERRING TO THIS SECTION 10.16 AND EXECUTED BY EACH OF THE PARTIES HERETO), AND THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS HERETO OR
ANY OF THE OTHER CREDIT DOCUMENTS OR TO ANY OTHER DOCUMENTS OR AGREEMENTS RELATING TO THE LOANS MADE HEREUNDER. IN THE EVENT OF LITIGATION, THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT. 

10.17. Confidentiality. Each Agent and each Lender shall hold all non-public information
regarding Holdings, Borrower and their respective Subsidiaries, Affiliates and their businesses identified as such by Borrower and obtained by such Agent or such Lender pursuant to the requirements hereof in accordance with such Agent’s and
such Lender’s customary procedures for handling confidential information of such nature, it being understood and agreed by Borrower that, in any event, Administrative Agent may disclose such information to the Lenders and each Agent and each
Lender and each Agent may make (i) disclosures of such information to Affiliates of such Lender or Agent and to their respective officers, directors, partners, members, employees, legal counsel, independent auditors and other advisors, experts or
agents who need to know such information and on a confidential basis (and to other Persons authorized by a Lender or Agent to organize, present or disseminate such information in connection with disclosures otherwise made in accordance with this
Section 10.17), (ii) disclosures of such information reasonably required by any potential or prospective assignee, transferee or participant in connection with the contemplated assignment, transfer or participation of any Loans or any participations
therein or by any direct or indirect contractual counterparties (or the professional advisors thereto) to any swap or derivative transaction relating to Borrower and its obligations (provided, such assignees, transferees, participants,
counterparties and advisors are advised of and agree to be bound by either the provisions of this Section 10.17 or other provisions at least as restrictive as this Section 10.17), (iii) disclosure to any rating agency when required by it,
provided that, prior to any disclosure, such rating agency shall undertake in writing to preserve the confidentiality of any confidential information relating to Credit Parties received by it from any Agent or any Lender, (iv) disclosure on a
confidential basis to the CUSIP Service Bureau or any similar agency in connection with the issuance and monitoring of CUSIP numbers with respect to the Loans, (v) disclosures in connection with the exercise of any remedies hereunder or under any
other Credit Document, (vi) disclosures made pursuant to the order of any court or administrative agency or in any pending legal or administrative proceeding, or otherwise as required by applicable law or compulsory legal process (in which case such
Person agrees to inform Borrower promptly thereof to the extent not prohibited by law) and (vii) disclosures made upon the request or demand of any regulatory or quasi-regulatory authority purporting to have jurisdiction over such Person or any of
its Affiliates. In addition, each Agent and each Lender may disclose the existence of this Agreement and the information about this Agreement to market data collectors, similar services providers to the lending industry, and service providers
to the Agents and the Lenders in connection with the administration and management of this Agreement and the other Credit Documents. 

10.18. Usury Savings Clause. Notwithstanding any other provision herein, the aggregate interest rate charged with respect to any
of the Obligations, including all charges or fees in connection therewith deemed in the nature of interest under applicable law shall not exceed the Highest Lawful Rate. If the rate of interest (determined without regard to the preceding
sentence) under this Agreement at any time exceeds the Highest Lawful Rate, the outstanding amount of the Loans made hereunder shall bear interest at the Highest Lawful Rate until the total amount of interest due hereunder equals the amount of
interest which would have been due hereunder if the stated rates of interest set forth in this Agreement had at all times been in effect. In addition, if when the Loans made hereunder are repaid in full the total 

  
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interest due hereunder (taking into account the increase provided for above) is less than the total amount of interest which would have been due hereunder if the stated rates of interest set
forth in this Agreement had at all times been in effect, then to the extent permitted by law, Borrower shall pay to Administrative Agent an amount equal to the difference between the amount of interest paid and the amount of interest which would
have been paid if the Highest Lawful Rate had at all times been in effect. Notwithstanding the foregoing, it is the intention of Lenders and Borrower to conform strictly to any applicable usury laws. Accordingly, if any Lender contracts for,
charges, or receives any consideration which constitutes interest in excess of the Highest Lawful Rate, then any such excess shall be cancelled automatically and, if previously paid, shall at such Lender’s option be applied to the outstanding
amount of the Loans made hereunder or be refunded to Borrower. 
 10.19. Effectiveness; Counterparts. This Agreement shall
become effective upon the execution of a counterpart hereof by each of the parties hereto and receipt by Borrower and Administrative Agent of written notification of such execution and authorization of delivery thereof. This Agreement may be
executed in any number of 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. Delivery of an executed counterpart of a signature
page of this Agreement by facsimile or in electronic format (i.e., “pdf” or “tif” shall be effective as delivery of a manually executed counterpart of this Agreement. 

10.20. PATRIOT Act. Each Lender and Administrative Agent (for itself and not on behalf of any Lender) hereby notifies each
Credit Party that pursuant to the requirements of the PATRIOT Act, it is required to obtain, verify and record information that identifies each Credit Party, which information includes the name and address of each Credit Party and other information
that will allow such Lender or Administrative Agent, as applicable, to identify such Credit Party in accordance with the PATRIOT Act. 

10.21. Electronic Execution of Assignments. The words “execution,” “signed,” “signature,” and
words of like import in any Assignment Agreement shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed
signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic
Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act. 
 10.22. No Fiduciary
Duty. Each Agent, each Lender and their Affiliates (collectively, solely for purposes of this paragraph, the “Lenders”), may have economic interests that conflict with those of the Credit Parties, their stockholders
and/or their affiliates. Each Credit Party agrees that nothing in the Credit Documents or otherwise will be deemed to create an advisory, fiduciary or agency relationship or fiduciary or other implied duty between any Lender, on the one hand, and
such Credit Party, its stockholders or its affiliates, on the other. The Credit Parties acknowledge and agree that (i) the transactions contemplated by the Credit Documents (including the exercise of rights and remedies hereunder and thereunder) are
arm’s-length commercial transactions between the Lenders, on the one hand, and the Credit Parties, on the other, and (ii) in connection therewith and with the process leading thereto, (x) no Lender has assumed an advisory or fiduciary
responsibility in favor of any Credit Party, its stockholders or its affiliates with respect to the transactions contemplated hereby (or the exercise of rights or remedies with respect thereto) or the process leading thereto (irrespective of whether
any Lender has advised, is currently advising or will advise any Credit Party, its stockholders or its affiliates on other matters) or any other obligation to any Credit Party except the obligations expressly set forth in the Credit Documents and
(y) each Lender is acting solely as principal and not as the agent or fiduciary of any Credit Party, its management, stockholders, creditors or any other Person. Each Credit Party acknowledges and agrees that it has consulted its own legal and
financial advisors to the extent it deemed 

  
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appropriate and that it is responsible for making its own independent judgment with respect to such transactions and the process leading thereto. Each Credit Party agrees that it will not
claim that any Lender has rendered advisory services of any nature or respect, or owes a fiduciary or similar duty to such Credit Party, in connection with such transaction or the process leading thereto. 

10.23. Acknowledgement and Consent to Bail-In of EEA Financial Institutions. Notwithstanding anything to the contrary in
any Credit Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any EEA Financial Institution arising under any Credit Document may be subject to the Write-Down
and Conversion Powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: 

(i) the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities arising
hereunder which may be payable to it by any party hereto that is an EEA Financial Institution; and 
 (ii) the effects of any
Bail-In Action on any such liability, including, if applicable: 
 (a) reduction in full or in part or cancellation of any
such liability; 
 (b) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in
such EEA Financial Institution, its parent entity, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any
such liability under this Agreement or any other Credit Document; or 
 (c) the variation of the terms of such liability in
connection with the exercise of the write-down and conversion powers of any EEA Resolution Authority. 
 [Remainder of page intentionally
left blank] 

  
 -124- 

 APPENDIX A 

TO CREDIT AND GUARANTY AGREEMENT 

Commitments1 

 

									
	 Lender
	  	Commitment	 	  	Pro
Rata Share	 
	 JPMorgan Chase Bank, N.A.
	  	$	957,929,233.21	  	  	 	100	% 
		  	  
	  
	 	  	  
	  
	 
	 Total
	  	$	957,929,233.21	  	  	 	100	% 
		  	  
	  
	 	  	  
	  
	 

  

	1 	In addition to Initial Loans funded pursuant to the Commitments reflected in this Appendix A, Converting Loans in an aggregate principal amount of $730,195,766.79 shall automatically be converted to a like principal
amount of Initial Loans on the Restatement Effective Date. 

  
 APPENDIX A-1 

 APPENDIX B 

TO CREDIT AND GUARANTY AGREEMENT 

Notice Addresses 
 J. C. PENNEY
CORPORATION, INC. 
 6501 Legacy Drive, Mail Code 1304 

Plano, TX 75024 
 Attention:
Treasurer 
 Facsimile: (972) 431-2044 
 All
other Credit Parties: 
 c/o J. C. Penney Corporation, Inc. 

6501 Legacy Drive, Mail Code 1304 

Plano, TX 75024 
 Attention:
Treasurer 
 Facsimile: (972) 431-2044 
 in
each case, with a copy to: 
 6501 Legacy Drive, Mail Code 1101 

Plano, TX 75024 
 Attention:
General Counsel 
 Facsimile: (972) 531-1916 

  
 APPENDIX B-1 

 JPMORGAN CHASE BANK, N.A., 

as Administrative Agent 
 Administrative Agent’s Principal
Office: 
 500 Stanton Christiana Road 

Ops Building 2, 3rd Floor 

Newark, DE 19713-2107 
 Telephone:
(302) 634-1678 

  
 APPENDIX B-2 

 Schedule 3.1(a) 

Restatement Agreement 
 Pledge and Security Agreement 

Amended and Restated Trademark Security Agreement, among J. C. Penney Corporation, Inc., J. C. Penney Purchasing Corporation and Wilmington Trust, National
Association as Collateral Agent, dated as of June 23, 2016 
 Patent Security Agreement, among J. C. Penney Corporation, Inc., J. C. Penney Purchasing
Corporation and Wilmington Trust, National Association as Collateral Agent, dated as of June 23, 2016 
 Amended and Restated Copyright Security Agreement,
among J. C. Penney Corporation, Inc., J. C. Penney Company, Inc., J. C. Penney Purchasing Corporation and Wilmington Trust, National Association as Collateral Agent, dated as of June 23, 2016 

ABL Intercreditor Agreement 
 Pari Passu Intercreditor Agreement

 Agency Transfer Agreement 
 Collateral Questionnaire 

 Schedule 4.2 

Equity Interests and Ownership 
  

											
	 Credit Party
	  	 Owned by
	  	Total Ownership	 	  	Percent Owned	 
	J. C. Penney Corporation, Inc.	  	J. C. Penney Company, Inc.	  	 	100.000	  	  	 	100.000	  
	JCP Real Estate Holdings, Inc.	  	J. C. Penney Corporation, Inc.	  	 	10.000	  	  	 	100.000	  
	J. C. Penney Purchasing Corporation	  	J. C. Penney Corporation, Inc.	  	 	300.000	  	  	 	100.000	  
	J. C. Penney Properties, Inc.	  	JCP Real Estate Holdings, Inc.	  	 	100.000	  	  	 	100.000	1 

  

	1 	J. C. Penney Properties, Inc. has issued 112 Shares of Series A Preferred Stock to third party equityholders in accordance with the requirement that Real Estate Investment Trusts have in excess of 100 shareholders.

 Schedule 4.13 

Real Estate Assets 

(see attached) 

													
	Store
Number	  	 Type/Use
	  	 Address
	  	 City
	  	 State
	  	 Real Estate Interest Held
(Primary Interest)
	  	 Credit Party Holding Real
Estate Interest

	 00001
	  	MAIN STORE	  	PO BOX 110	  	KEMMERER	  	WY	  	Fee	  	J.C. Penney Properties, Inc.
	 00001
	  	MAIN STORE	  	PO BOX 110	  	KEMMERER	  	WY	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00004
	  	MAIN STORE	  	990 22ND AVE S	  	BROOKINGS	  	SD	  	Lease	  	J.C. Penney Corporation, Inc.
	 00005
	  	MAIN STORE	  	9501 Arlington Expy	  	Jacksonville	  	FL	  	Lease	  	J.C. Penney Corporation, Inc.
	 00005
	  	TIRE/BATTERY/AUTO	  	9501 Arlington Expy	  	Jacksonville	  	FL	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 00007
	  	MAIN STORE	  	PO BOX 7126	  	AUBURN	  	NY	  	Lease	  	J.C. Penney Corporation, Inc.
	 00012
	  	MAIN STORE	  	78 E MAIN ST	  	PRICE	  	UT	  	Lease	  	J.C. Penney Corporation, Inc.
	 00016
	  	MAIN STORE	  	1170 CENTRAL AVE	  	DUNKIRK	  	NY	  	Lease	  	J.C. Penney Corporation, Inc.
	 00017
	  	MAIN STORE	  	1425 S SANTA FE AVE	  	CHANUTE	  	KS	  	Lease	  	J.C. Penney Corporation, Inc.
	 00026
	  	MAIN STORE	  	124 S MAIN ST	  	PENDLETON	  	OR	  	Lease	  	J.C. Penney Corporation, Inc.
	 00027
	  	MAIN STORE	  	12300 SE 82ND AVE	  	PORTLAND	  	OR	  	Fee	  	J.C. Penney Properties, Inc.
	 00027
	  	MAIN STORE	  	12300 SE 82ND AVE	  	PORTLAND	  	OR	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00030
	  	MAIN STORE	  	14301 BURNHAVEN DR	  	BURNSVILLE	  	MN	  	Fee	  	J.C. Penney Properties, Inc.
	 00030
	  	MAIN STORE	  	14301 BURNHAVEN DR	  	BURNSVILLE	  	MN	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00043
	  	MAIN STORE	  	621 MAIN ST	  	ALAMOSA	  	CO	  	Fee	  	J.C. Penney Properties, Inc.
	 00043
	  	OUTSIDE STOCKROOM	  	621 MAIN ST	  	ALAMOSA	  	CO	  	Lease	  	J.C. Penney Corporation, Inc.
	 00044
	  	MAIN STORE	  	3542 S MARYLAND PKWY	  	LAS VEGAS	  	NV	  	Lease	  	J.C. Penney Corporation, Inc.
	 00044
	  	TIRE/BATTERY/AUTO	  	3542 S MARYLAND PKWY	  	LAS VEGAS	  	NV	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 00046
	  	MAIN STORE	  	701 RICHMOND RD	  	RICHMOND HEIGHTS	  	OH	  	Lease	  	J.C. Penney Corporation, Inc.
	 00046
	  	TIRE/BATTERY/AUTO	  	701 RICHMOND RD	  	RICHMOND HEIGHTS	  	OH	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 00052
	  	MAIN STORE	  	321 MAIN ST	  	FORT MORGAN	  	CO	  	Lease	  	J.C. Penney Corporation, Inc.
	 00055
	  	MAIN STORE	  	4600 S MEDFORD DR STE 2000	  	LUFKIN	  	TX	  	Lease	  	J.C. Penney Corporation, Inc.
	 00056
	  	MAIN STORE	  	413 DAKOTA AVE	  	WAHPETON	  	ND	  	Lease	  	J.C. Penney Corporation, Inc.
	 00058
	  	MAIN STORE	  	2050 PONCE BY PASS STE 200	  	PONCE	  	Puerto Rico	  	Lease	  	J.C. Penney Corporation, Inc.
	 00063
	  	MAIN STORE	  	212 E 2ND ST	  	THE DALLES	  	OR	  	Lease	  	J.C. Penney Corporation, Inc.
	 00065
	  	MAIN STORE	  	1309 ADAMS AVE	  	LA GRANDE	  	OR	  	Lease	  	J.C. Penney Corporation, Inc.
	 00067
	  	MAIN STORE	  	500 LEHIGH VALLEY MALL	  	WHITEHALL	  	PA	  	Fee	  	J.C. Penney Properties, Inc.
	 00067
	  	MAIN STORE	  	500 LEHIGH VALLEY MALL	  	WHITEHALL	  	PA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00089
	  	MAIN STORE	  	2321 DAVE LYLE BLVD	  	ROCK HILL	  	SC	  	Lease	  	J.C. Penney Corporation, Inc.
	 00090
	  	HOME STORE	  	4861 NORTH STONE	  	TUCSON	  	AZ	  	Lease	  	J.C. Penney Corporation, Inc.
	 00090
	  	MAIN STORE	  	4530 N ORACLE RD	  	TUCSON	  	AZ	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 00090
	  	MAIN STORE	  	4530 N ORACLE RD	  	TUCSON	  	AZ	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00099
	  	MAIN STORE	  	300 CROSS CREEK MALL	  	FAYETTEVILLE	  	NC	  	Fee	  	J.C. Penney Properties, Inc.
	 00099
	  	MAIN STORE	  	300 CROSS CREEK MALL	  	FAYETTEVILLE	  	NC	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00102
	  	MAIN STORE	  	9801 CORTANA PL	  	BATON ROUGE	  	LA	  	Fee	  	J.C. Penney Properties, Inc.
	 00102
	  	MAIN STORE	  	9801 CORTANA PL	  	BATON ROUGE	  	LA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00104
	  	MAIN STORE	  	201-209 WEST C ST	  	MCCOOK	  	NE	  	Lease	  	J.C. Penney Corporation, Inc.
	 00106
	  	MAIN STORE	  	401 NE NORTHGATE WAY STE 475	  	SEATTLE	  	WA	  	Ground Lease	  	J.C. Penney Corporation, Inc.
	 00109
	  	ADDITIONAL SPACE	  	1343 COMMERCIAL ST	  	ASTORIA	  	OR	  	Lease	  	J.C. Penney Corporation, Inc.
	 00109
	  	MAIN STORE	  	1343 COMMERCIAL ST	  	ASTORIA	  	OR	  	Fee	  	J.C. Penney Properties, Inc.
	 00113
	  	MAIN STORE	  	PO BOX 668	  	WILLISTON	  	ND	  	Lease	  	J.C. Penney Corporation, Inc.
	 00116
	  	MAIN STORE	  	81 ROCKINGHAM PARK BLVD	  	SALEM	  	NH	  	Fee	  	J.C. Penney Properties, Inc.
	 00116
	  	MAIN STORE	  	81 ROCKINGHAM PARK BLVD	  	SALEM	  	NH	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00120
	  	MAIN STORE	  	301 WYOMING BLVD SE	  	CASPER	  	WY	  	Lease	  	J.C. Penney Corporation, Inc.
	 00129
	  	MAIN STORE	  	600 S CARPENTER AVE	  	KINGSFORD	  	MI	  	Lease	  	J.C. Penney Corporation, Inc.
	 00130
	  	MAIN STORE	  	601-635 HARRY L DR STE 99	  	JOHNSON CITY	  	NY	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 00130
	  	MAIN STORE	  	601-635 HARRY L DR STE 99	  	JOHNSON CITY	  	NY	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00133
	  	MAIN STORE	  	25 LILAC MALL (RT 125)	  	ROCHESTER	  	NH	  	Lease	  	J.C. Penney Corporation, Inc.
	 00135
	  	MAIN STORE	  	344 V BUCKLAND HLS DR STE 7000	  	MANCHESTER	  	CT	  	Fee	  	J.C. Penney Properties, Inc.
	 00135
	  	MAIN STORE	  	344 V BUCKLAND HLS DR STE 7000	  	MANCHESTER	  	CT	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00141
	  	MAIN STORE	  	1207 N COMMERCE	  	ARDMORE	  	OK	  	Fee	  	J.C. Penney Properties, Inc.
	 00141
	  	MAIN STORE	  	1207 N COMMERCE	  	ARDMORE	  	OK	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00152
	  	MAIN STORE	  	4835 PROMENADE PKWY	  	BESSEMER	  	AL	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 00152
	  	MAIN STORE	  	4835 PROMENADE PKWY	  	BESSEMER	  	AL	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00157
	  	MAIN STORE	  	2180 S GILBERT RD	  	CHANDLER	  	AZ	  	Ground Lease	  	J.C. Penney Corporation, Inc.
	 00161
	  	MAIN STORE	  	5043 JIMMY LEE SMITH PKWY	  	HIRAM	  	GA	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 00161
	  	MAIN STORE	  	5043 JIMMY LEE SMITH PKWY	  	HIRAM	  	GA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00162
	  	MAIN STORE	  	90 E LOCUST ST	  	CANTON	  	IL	  	Lease	  	J.C. Penney Corporation, Inc.
	 00163
	  	MAIN STORE	  	800 FOXCROFT AVE STE 800	  	MARTINSBURG	  	WV	  	Lease	  	J.C. Penney Corporation, Inc.
	 00168
	  	MAIN STORE	  	300 MONTGOMERY MALL	  	NORTH WALES	  	PA	  	Lease	  	J.C. Penney Corporation, Inc.
	 00168
	  	TIRE/BATTERY/AUTO	  	300 MONTGOMERY MALL	  	NORTH WALES	  	PA	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 00170
	  	MAIN STORE	  	720 N 12TH ST (US 641)	  	MURRAY	  	KY	  	Lease	  	J.C. Penney Corporation, Inc.
	 00171
	  	MAIN STORE	  	10225 77TH ST	  	PLEASANT PRAIRIE	  	WI	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 00171
	  	MAIN STORE	  	10225 77TH ST	  	PLEASANT PRAIRIE	  	WI	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00174
	  	LICENSE AGREEMENT	  	100 W 33RD ST	  	NEW YORK	  	NY	  	Lease	  	J.C. Penney Corporation, Inc.
	 00174
	  	MAIN STORE	  	100 W 33RD ST	  	NEW YORK	  	NY	  	Lease	  	J.C. Penney Corporation, Inc.
	 00178
	  	MAIN STORE	  	333 MAIN ST STE 200	  	OAK RIDGE	  	TN	  	Lease	  	J.C. Penney Corporation, Inc.
	 00179
	  	MAIN STORE	  	6051 SKILLMAN ST	  	DALLAS	  	TX	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 00179
	  	MAIN STORE	  	6051 SKILLMAN ST	  	DALLAS	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00182
	  	MAIN STORE	  	1800 DAISY ST EXT STE 2	  	CLEARFIELD	  	PA	  	Lease	  	J.C. Penney Corporation, Inc.
	 00183
	  	MAIN STORE	  	2100 HAMILTON PLACE BLVD	  	CHATTANOOGA	  	TN	  	Fee	  	J.C. Penney Properties, Inc.
	 00183
	  	MAIN STORE	  	2100 HAMILTON PLACE BLVD	  	CHATTANOOGA	  	TN	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00184
	  	MAIN STORE	  	990 NW Blue Pkwy	  	Lee’s Summit	  	MO	  	Fee	  	J.C. Penney Properties, Inc.
	 00185
	  	MAIN STORE	  	1150 W CARL SANDBURG DR	  	GALESBURG	  	IL	  	Lease	  	J.C. Penney Corporation, Inc.

													
	 00185
	  	MAIN STORE	  	1150 W CARL SANDBURG DR	  	GALESBURG	  	IL	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 00192
	  	MAIN STORE	  	11801 FAIR OAKS MALL	  	FAIRFAX	  	VA	  	Fee	  	J.C. Penney Properties, Inc.
	 00192
	  	MAIN STORE	  	11801 FAIR OAKS MALL	  	FAIRFAX	  	VA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00194
	  	MAIN STORE	  	9100 MCHUGH DR STE 576	  	LANHAM	  	MD	  	Lease	  	J.C. Penney Corporation, Inc.
	 00195
	  	MAIN STORE	  	63 SERRAMONTE CTR	  	DALY CITY	  	CA	  	Lease	  	J.C. Penney Corporation, Inc.
	 00196
	  	MAIN STORE	  	222 S STATE ST	  	FAIRMONT	  	MN	  	Lease	  	J.C. Penney Corporation, Inc.
	 00197
	  	MAIN STORE	  	360 GATEWAY DR	  	BROOKLYN	  	NY	  	Ground Lease	  	J.C. Penney Corporation, Inc.
	 00197
	  	SIGN AGREEMENT	  	360 GATEWAY DR	  	BROOKLYN	  	NY	  	Lease	  	J.C. Penney Corporation, Inc.
	 00199
	  	MAIN STORE	  	500 MONROEVILLE MALL	  	MONROEVILLE	  	PA	  	Lease	  	J.C. Penney Corporation, Inc.
	 00200
	  	MAIN STORE	  	1419 3rd Ave	  	SEATTLE	  	WA	  	Lease	  	J.C. Penney Corporation, Inc.
	 00200
	  	MAIN STORE	  	1419 3rd Ave	  	SEATTLE	  	WA	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 00201
	  	MAIN STORE	  	10101 E INDEPENDENCE BLVD	  	MATTHEWS	  	NC	  	Lease	  	J.C. Penney Corporation, Inc.
	 00202
	  	MAIN STORE	  	1754 FRANKLIN MILLS CIR	  	PHILADELPHIA	  	PA	  	Lease	  	J.C. Penney Corporation, Inc.
	 00204
	  	MAIN STORE	  	2700 POTOMAC MILLS CIR	  	WOODBRIDGE	  	VA	  	Lease	  	J.C. Penney Corporation, Inc.
	 00207
	  	MAIN STORE	  	2500 W MORELAND RD	  	WILLOW GROVE	  	PA	  	Lease	  	J.C. Penney Corporation, Inc.
	 00209
	  	MAIN STORE	  	3411 MERCHANT BLVD	  	ABINGDON	  	MD	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 00209
	  	MAIN STORE	  	3411 MERCHANT BLVD	  	ABINGDON	  	MD	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00211
	  	MAIN STORE	  	3200 W EMPIRE MALL	  	SIOUX FALLS	  	SD	  	Lease	  	J.C. Penney Corporation, Inc.
	 00214
	  	MAIN STORE	  	200 WESTERN AVE NW STE A	  	FARIBAULT	  	MN	  	Lease	  	J.C. Penney Corporation, Inc.
	 00217
	  	MAIN STORE	  	14370 BEAR VALLEY RD	  	VICTORVILLE	  	CA	  	Lease	  	J.C. Penney Corporation, Inc.
	 00218
	  	MAIN STORE	  	6020 E 82ND ST STE 700	  	INDIANAPOLIS	  	IN	  	Lease	  	J.C. Penney Corporation, Inc.
	 00218
	  	TIRE/BATTERY/AUTO	  	6020 E 82ND ST STE 700	  	INDIANAPOLIS	  	IN	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 00219
	  	MAIN STORE	  	3400 BELL AIR MALL	  	MOBILE	  	AL	  	Lease	  	J.C. Penney Corporation, Inc.
	 00219
	  	TIRE/BATTERY/AUTO	  	3400 BELL AIR MALL	  	MOBILE	  	AL	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 00220
	  	MAIN STORE	  	1500 E WASHINGTON AVE	  	UNION GAP	  	WA	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 00220
	  	MAIN STORE	  	1500 E WASHINGTON AVE	  	UNION GAP	  	WA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00221
	  	MAIN STORE	  	1155 CARLISLE ST	  	HANOVER	  	PA	  	Lease	  	J.C. Penney Corporation, Inc.
	 00224
	  	MAIN STORE	  		  	San Bernardino	  	CA	  	Lease	  	J.C. Penney Corporation, Inc.
	 00225
	  	MAIN STORE	  	2005 VETERANS BLVD	  	DUBLIN	  	GA	  	Lease	  	J.C. Penney Corporation, Inc.
	 00226
	  	MAIN STORE	  	2200 S 10TH ST	  	MCALLEN	  	TX	  	Lease	  	J.C. Penney Corporation, Inc.
	 00231
	  	MAIN STORE	  	10450 S STATE ST STE 2106	  	SANDY	  	UT	  	Lease	  	J.C. Penney Corporation, Inc.
	 00232
	  	MAIN STORE	  	4502 S STEELE STE 200	  	TACOMA	  	WA	  	Ground Lease	  	J.C. Penney Corporation, Inc.
	 00232
	  	TIRE/BATTERY/AUTO	  	4502 S STEELE STE 200	  	TACOMA	  	WA	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 00237
	  	MAIN STORE	  	3 ORLAND SQ DR	  	ORLAND PARK	  	IL	  	Fee	  	J.C. Penney Properties, Inc.
	 00237
	  	MAIN STORE	  	3 ORLAND SQ DR	  	ORLAND PARK	  	IL	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00241
	  	MAIN STORE	  	2000 RT 38 STE 1000	  	CHERRY HILL	  	NJ	  	Fee	  	J.C. Penney Properties, Inc.
	 00241
	  	MAIN STORE	  	2000 RT 38 STE 1000	  	CHERRY HILL	  	NJ	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00246
	  	MAIN STORE	  	20700 AVALON BLVD STE 500	  	CARSON	  	CA	  	Fee	  	J.C. Penney Properties, Inc.
	 00246
	  	MAIN STORE	  	20700 AVALON BLVD STE 500	  	CARSON	  	CA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00246
	  	TIRE/BATTERY/AUTO	  	20700 AVALON BLVD STE 500	  	CARSON	  	CA	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 00249
	  	MAIN STORE	  	901 W MORTON	  	JACKSONVILLE	  	IL	  	Lease	  	J.C. Penney Corporation, Inc.
	 00250
	  	MAIN STORE	  	67 LAKEWOOD CTR MALL	  	LAKEWOOD	  	CA	  	Lease	  	J.C. Penney Corporation, Inc.
	 00251
	  	HOME STORE	  	8235 WEST BELL ROAD	  	PEORIA	  	AZ	  	Lease	  	J.C. Penney Corporation, Inc.
	 00251
	  	MAIN STORE	  	7750 W ARROWHEAD TOWNE CENTER	  	GLENDALE	  	AZ	  	Fee	  	J.C. Penney Properties, Inc.
	 00253
	  	MAIN STORE	  	3501 GRANVILLE AVE	  	MUNCIE	  	IN	  	Lease	  	J.C. Penney Corporation, Inc.
	 00258
	  	MAIN STORE	  	734 MARKET ST	  	FARMINGTON	  	MO	  	Lease	  	J.C. Penney Corporation, Inc.
	 00258
	  	SIGN AGREEMENT	  	734 MARKET ST	  	FARMINGTON	  	MO	  	Lease	  	J.C. Penney Corporation, Inc.
	 00259
	  	MAIN STORE	  	3111 S 31ST ST STE 3301	  	TEMPLE	  	TX	  	Lease	  	J.C. Penney Corporation, Inc.
	 00260
	  	MAIN STORE	  	950 DANA DR	  	REDDING	  	CA	  	Lease	  	J.C. Penney Corporation, Inc.
	 00268
	  	MAIN STORE	  	2500 MEADOWBROOK MALL	  	BRIDGEPORT	  	WV	  	Lease	  	J.C. Penney Corporation, Inc.
	 00270
	  	MAIN STORE	  	854 STATE RTE 13	  	CORTLAND	  	NY	  	Lease	  	J.C. Penney Corporation, Inc.
	 00273
	  	MAIN STORE	  	701 RUSSELL AVE	  	GAITHERSBURG	  	MD	  	Fee	  	J.C. Penney Properties, Inc.
	 00273
	  	MAIN STORE	  	701 RUSSELL AVE	  	GAITHERSBURG	  	MD	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00278
	  	MAIN STORE	  	1501 LAFAYETTE PKY STE E1	  	LAGRANGE	  	GA	  	Lease	  	J.C. Penney Corporation, Inc.
	 00283
	  	MAIN STORE	  	1057 BROAD ST	  	SUMTER	  	SC	  	Lease	  	J.C. Penney Corporation, Inc.
	 00286
	  	MAIN STORE	  	4500 PEORIA ST (US 51)	  	PERU	  	IL	  	Lease	  	J.C. Penney Corporation, Inc.
	 00287
	  	MAIN STORE	  	901 US 27 N STE 150	  	SEBRING	  	FL	  	Lease	  	J.C. Penney Corporation, Inc.
	 00288
	  	MAIN STORE	  	9500 SW WASHINGTON SQ RD	  	PORTLAND	  	OR	  	Lease	  	J.C. Penney Corporation, Inc.
	 00304
	  	MAIN STORE	  	3550 MCCANN RD	  	LONGVIEW	  	TX	  	Fee	  	J.C. Penney Properties, Inc.
	 00304
	  	MAIN STORE	  	3550 MCCANN RD	  	LONGVIEW	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00306
	  	MAIN STORE	  	225 MAIN AVE N	  	THIEF RIVER FALLS	  	MN	  	Lease	  	J.C. Penney Corporation, Inc.
	 00309
	  	MAIN STORE	  	640 NIBLACK BLVD	  	VINCENNES	  	IN	  	Lease	  	J.C. Penney Corporation, Inc.
	 00311
	  	MAIN STORE	  	1980 N JEFFERSON ST	  	HUNTINGTON	  	IN	  	Lease	  	J.C. Penney Corporation, Inc.
	 00318
	  	MAIN STORE	  	1323 Apache Dr SW	  	Rochester	  	MN	  	Lease	  	J.C. Penney Corporation, Inc.
	 00318
	  	TIRE/BATTERY/AUTO	  	1323 Apache Dr SW	  	Rochester	  	MN	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 00321
	  	MAIN STORE	  	451 E ALTAMONTE DR STE 1301	  	ALTAMONTE SPRINGS	  	FL	  	Lease	  	J.C. Penney Corporation, Inc.
	 00322
	  	MAIN STORE	  	400 DUBOIS RD	  	COOKEVILLE	  	TN	  	Lease	  	J.C. Penney Corporation, Inc.
	 00324
	  	MAIN STORE	  	870 W MARKET ST	  	TIFFIN	  	OH	  	Lease	  	J.C. Penney Corporation, Inc.
	 00327
	  	MAIN STORE	  	87 VILLAGE SQUARE MALL	  	EFFINGHAM	  	IL	  	Lease	  	J.C. Penney Corporation, Inc.
	 00334
	  	MAIN STORE	  	1330 TRAVIS BLVD	  	FAIRFIELD	  	CA	  	Fee	  	J.C. Penney Properties, Inc.
	 00345
	  	MAIN STORE	  	2200 W FLORIDA AVE	  	HEMET	  	CA	  	Lease	  	J.C. Penney Corporation, Inc.
	 00351
	  	MAIN STORE	  	3057 E MAIN	  	RUSSELLVILLE	  	AR	  	Lease	  	J.C. Penney Corporation, Inc.
	 00355
	  	HOME STORE	  	1251 US 31 N.	  	GREENWOOD	  	IN	  	Lease	  	J.C. Penney Corporation, Inc.
	 00355
	  	MAIN STORE	  	1251 US 31 N	  	GREENWOOD	  	IN	  	Fee	  	J.C. Penney Properties, Inc.
	 00355
	  	MAIN STORE	  	1251 US 31 N	  	GREENWOOD	  	IN	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00365
	  	MAIN STORE	  	214 BORGER S/C	  	BORGER	  	TX	  	Lease	  	J.C. Penney Corporation, Inc.
	 00367
	  	MAIN STORE	  	400 BALD HILL RD	  	WARWICK	  	RI	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 00367
	  	MAIN STORE	  	400 BALD HILL RD	  	WARWICK	  	RI	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00370
	  	MAIN STORE	  	1000 HILLTOP MALL	  	RICHMOND	  	CA	  	Fee	  	J.C. Penney Properties, Inc.

													
	 00370
	  	MAIN STORE	  	1000 HILLTOP MALL	  	RICHMOND	  	CA	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 00370
	  	MAIN STORE	  	1000 HILLTOP MALL	  	RICHMOND	  	CA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00370
	  	MAIN STORE	  	1000 HILLTOP MALL	  	RICHMOND	  	CA	  	Sale Leaseback	  	J.C. Penney Properties, Inc.
	 00370
	  	TIRE/BATTERY/AUTO	  	1000 HILLTOP MALL	  	RICHMOND	  	CA	  	Sublease to Third party	  	J.C. Penney Properties, Inc.
	 00373
	  	MAIN STORE	  	1262 VOCKE RD STE 300	  	LA VALE	  	MD	  	Lease	  	J.C. Penney Corporation, Inc.
	 00384
	  	MAIN STORE	  	2901 N GRAND AVE	  	AMES	  	IA	  	Lease	  	J.C. Penney Corporation, Inc.
	 00389
	  	HOME STORE	  	5532 SPRINGDALE AVENUE	  	PLEASANTON	  	CA	  	Lease	  	J.C. Penney Corporation, Inc.
	 00389
	  	MAIN STORE	  	1500 STONERIDGE MALL RD	  	PLEASANTON	  	CA	  	Fee	  	J.C. Penney Properties, Inc.
	 00389
	  	MAIN STORE	  	1500 STONERIDGE MALL RD	  	PLEASANTON	  	CA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00395
	  	MAIN STORE	  	3405 E STATE ST	  	HERMITAGE	  	PA	  	Lease	  	J.C. Penney Corporation, Inc.
	 00395
	  	TIRE/BATTERY/AUTO	  	3405 E STATE ST	  	HERMITAGE	  	PA	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 00400
	  	MAIN STORE	  	125 S MICHIGAN AVE	  	BIG RAPIDS	  	MI	  	Lease	  	J.C. Penney Corporation, Inc.
	 00403
	  	MAIN STORE	  	5953 W PARK AVE STE 3000	  	HOUMA	  	LA	  	Lease	  	J.C. Penney Corporation, Inc.
	 00406
	  	MAIN STORE	  	1100 N MAIN ST	  	ALTUS	  	OK	  	Lease	  	J.C. Penney Corporation, Inc.
	 00419
	  	MAIN STORE	  	2021 N HIGHLAND AVE STE 15	  	JACKSON	  	TN	  	Lease	  	J.C. Penney Corporation, Inc.
	 00419
	  	TIRE/BATTERY/AUTO	  	2021 N HIGHLAND AVE STE 15	  	JACKSON	  	TN	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 00424
	  	MAIN STORE	  	7171 N DAVIS HWY STE 8220	  	PENSACOLA	  	FL	  	Fee	  	J.C. Penney Properties, Inc.
	 00426
	  	MAIN STORE	  	251 HIGH ST	  	TORRINGTON	  	CT	  	Lease	  	J.C. Penney Corporation, Inc.
	 00439
	  	MAIN STORE	  	600 EASTVIEW MALL	  	VICTOR	  	NY	  	Fee	  	J.C. Penney Properties, Inc.
	 00439
	  	MAIN STORE	  	600 EASTVIEW MALL	  	VICTOR	  	NY	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00450
	  	MAIN STORE	  	1302 W I-40 FRONTAGE RD	  	GALLUP	  	NM	  	Lease	  	J.C. Penney Corporation, Inc.
	 00456
	  	MAIN STORE	  	3404 W 13TH ST	  	GRAND ISLAND	  	NE	  	Lease	  	J.C. Penney Corporation, Inc.
	 00457
	  	MAIN STORE	  	101 W WATER ST	  	DECORAH	  	IA	  	Lease	  	J.C. Penney Corporation, Inc.
	 00465
	  	MAIN STORE	  	24140 MAGIC MOUNTAIN PKY	  	SANTA CLARITA	  	CA	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 00465
	  	MAIN STORE	  	24140 MAGIC MOUNTAIN PKY	  	SANTA CLARITA	  	CA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00466
	  	MAIN STORE	  	150 HOMER ADAMS PKWY	  	ALTON	  	IL	  	Fee	  	J.C. Penney Properties, Inc.
	 00466
	  	MAIN STORE	  	150 HOMER ADAMS PKWY	  	ALTON	  	IL	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00478
	  	MAIN STORE	  	5200 MEADOWOOD MALL CIR	  	RENO	  	NV	  	Fee	  	J.C. Penney Properties, Inc.
	 00478
	  	MAIN STORE	  	5200 MEADOWOOD MALL CIR	  	RENO	  	NV	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00479
	  	MAIN STORE	  	6481 NEWBERRY RD	  	GAINESVILLE	  	FL	  	Lease	  	J.C. Penney Corporation, Inc.
	 00481
	  	MAIN STORE	  	4201 YELLOWSTONE AVE	  	POCATELLO	  	ID	  	Lease	  	J.C. Penney Corporation, Inc.
	 00483
	  	MAIN STORE	  	3936 E MARKET ST	  	LOGANSPORT	  	IN	  	Lease	  	J.C. Penney Corporation, Inc.
	 00485
	  	MAIN STORE	  	4310 BUFFALO GAP RD	  	ABILENE	  	TX	  	Lease	  	J.C. Penney Corporation, Inc.
	 00487
	  	MAIN STORE	  	3401 S US 41	  	TERRE HAUTE	  	IN	  	Lease	  	J.C. Penney Corporation, Inc.
	 00494
	  	MAIN STORE	  	600 MERCED MALL	  	MERCED	  	CA	  	Lease	  	J.C. Penney Corporation, Inc.
	 00495
	  	MAIN STORE	  	1300 9TH AVE SE STE 3	  	WATERTOWN	  	SD	  	Lease	  	J.C. Penney Corporation, Inc.
	 00496
	  	MAIN STORE	  	1700 W COUNTY RD B-2	  	ROSEVILLE	  	MN	  	Fee	  	J.C. Penney Properties, Inc.
	 00496
	  	MAIN STORE	  	1700 W COUNTY RD B-2	  	ROSEVILLE	  	MN	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00497
	  	MAIN STORE	  	305 MOUNT HOPE AVE	  	ROCKAWAY	  	NJ	  	Fee	  	J.C. Penney Properties, Inc.
	 00497
	  	MAIN STORE	  	305 MOUNT HOPE AVE	  	ROCKAWAY	  	NJ	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00514
	  	MAIN STORE	  	830 MAIN ST UNIT 3	  	PRESQUE ISLE	  	ME	  	Lease	  	J.C. Penney Corporation, Inc.
	 00528
	  	MAIN STORE	  	1680 WRIGHT AVE	  	ALMA	  	MI	  	Lease	  	J.C. Penney Corporation, Inc.
	 00529
	  	MAIN STORE	  	17301 VALLEY MALL RD STE 400	  	HAGERSTOWN	  	MD	  	Lease	  	J.C. Penney Corporation, Inc.
	 00529
	  	TIRE/BATTERY/AUTO	  	17301 VALLEY MALL RD STE 400	  	HAGERSTOWN	  	MD	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 00530
	  	MAIN STORE	  	155 DORSET ST	  	SOUTH BURLINGTON	  	VT	  	Lease	  	J.C. Penney Corporation, Inc.
	 00536
	  	MAIN STORE	  	300 EARLY BLVD	  	EARLY	  	TX	  	Lease	  	J.C. Penney Corporation, Inc.
	 00539
	  	MAIN STORE	  	RT 104 E	  	OSWEGO	  	NY	  	Lease	  	J.C. Penney Corporation, Inc.
	 00549
	  	MAIN STORE	  	3301 VETERANS MEMORIAL BLVD	  	METAIRIE	  	LA	  	Lease	  	J.C. Penney Corporation, Inc.
	 00557
	  	MAIN STORE	  	15740 WHITTWOOD LANE	  	WHITTIER	  	CA	  	Lease	  	J.C. Penney Corporation, Inc.
	 00559
	  	MAIN STORE	  	2424 US 6TH AND 50TH	  	GRAND JUNCTION	  	CO	  	Fee	  	J.C. Penney Properties, Inc.
	 00559
	  	MAIN STORE	  	2424 US 6TH AND 50TH	  	GRAND JUNCTION	  	CO	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00562
	  	MAIN STORE	  	1701 SUNRISE HWY	  	BAYSHORE L I	  	NY	  	Lease	  	J.C. Penney Corporation, Inc.
	 00566
	  	MAIN STORE	  	2555 EL CAMINO REAL	  	CARLSBAD	  	CA	  	Fee	  	J.C. Penney Properties, Inc.
	 00566
	  	MAIN STORE	  	2555 EL CAMINO REAL	  	CARLSBAD	  	CA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00568
	  	MAIN STORE	  	300 S MAIN ST	  	MCALLEN	  	TX	  	Lease	  	J.C. Penney Corporation, Inc.
	 00578
	  	MAIN STORE	  	PO BOX 10010	  	HOLYOKE	  	MA	  	Lease	  	J.C. Penney Corporation, Inc.
	 00579
	  	MAIN STORE	  	4101 E 42ND ST	  	ODESSA	  	TX	  	Lease	  	J.C. Penney Corporation, Inc.
	 00581
	  	MAIN STORE	  	800 S JAMES CAMPBELL BLVD	  	COLUMBIA	  	TN	  	Lease	  	J.C. Penney Corporation, Inc.
	 00582
	  	MAIN STORE	  	5001 MONROE ST	  	TOLEDO	  	OH	  	Fee	  	J.C. Penney Properties, Inc.
	 00582
	  	PARKING	  	5001 MONROE ST	  	TOLEDO	  	OH	  	Ground Lease	  	J.C. Penney Corporation, Inc.
	 00588
	  	MAIN STORE	  	300 HWY 78 E	  	JASPER	  	AL	  	Lease	  	J.C. Penney Corporation, Inc.
	 00601
	  	ADDITIONAL SPACE	  	3700 S MERIDIAN ST	  	PUYALLUP	  	WA	  	Lease	  	J.C. Penney Corporation, Inc.
	 00601
	  	MAIN STORE	  	3700 S MERIDIAN ST	  	PUYALLUP	  	WA	  	Lease	  	J.C. Penney Corporation, Inc.
	 00607
	  	MAIN STORE	  	1100 S DEWEY ST	  	NORTH PLATTE	  	NE	  	Lease	  	J.C. Penney Corporation, Inc.
	 00608
	  	MAIN STORE	  	814 US HWY 62-65 N STE 27	  	HARRISON	  	AR	  	Lease	  	J.C. Penney Corporation, Inc.
	 00611
	  	MAIN STORE	  	6002 SLIDE RD-PO BOX 68611	  	LUBBOCK	  	TX	  	Lease	  	J.C. Penney Corporation, Inc.
	 00611
	  	TIRE/BATTERY/AUTO	  	6002 SLIDE RD-PO BOX 68611	  	LUBBOCK	  	TX	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 00620
	  	MAIN STORE	  	1700 W INTL SPEEDWAY BLVD	  	DAYTONA BEACH	  	FL	  	Lease	  	J.C. Penney Corporation, Inc.
	 00620
	  	TIRE/BATTERY/AUTO	  	1700 W INTL SPEEDWAY BLVD	  	DAYTONA BEACH	  	FL	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 00631
	  	MAIN STORE	  	6301 NW LOOP 410	  	SAN ANTONIO	  	TX	  	Fee	  	J.C. Penney Properties, Inc.
	 00631
	  	MAIN STORE	  	6301 NW LOOP 410	  	SAN ANTONIO	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00634
	  	MAIN STORE	  	3040 PLAZA BONITA RD	  	NATIONAL CITY	  	CA	  	Fee	  	J.C. Penney Properties, Inc.
	 00634
	  	MAIN STORE	  	3040 PLAZA BONITA RD	  	NATIONAL CITY	  	CA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00643
	  	MAIN STORE	  	4600 BAY RD	  	SAGINAW	  	MI	  	Lease	  	J.C. Penney Corporation, Inc.
	 00643
	  	TIRE/BATTERY/AUTO	  	4600 BAY RD	  	SAGINAW	  	MI	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 00644
	  	MAIN STORE	  	3301 DILLON DR	  	PUEBLO	  	CO	  	Lease	  	J.C. Penney Corporation, Inc.
	 00647
	  	MAIN STORE	  	3315 N RIDGE RD E STE 100	  	ASHTABULA	  	OH	  	Lease	  	J.C. Penney Corporation, Inc.
	 00651
	  	MAIN STORE	  	PR RD 2 KM 81.9 CARRIZALES	  	HATILLO	  	Puerto Rico	  	Lease	  	J.C. Penney Corporation, Inc.

													
	 00652
	  	MAIN STORE	  	2200 W WAR MEMORIAL DR STE 997	  	PEORIA	  	IL	  	Fee	  	J.C. Penney Properties, Inc.
	 00652
	  	MAIN STORE	  	2200 W WAR MEMORIAL DR STE 997	  	PEORIA	  	IL	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00652
	  	TIRE/BATTERY/AUTO	  	2200 W WAR MEMORIAL DR STE 997	  	PEORIA	  	IL	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 00654
	  	MAIN STORE	  	3541 MASONIC DR	  	ALEXANDRIA	  	LA	  	Lease	  	J.C. Penney Corporation, Inc.
	 00656
	  	MAIN STORE	  	1200 10TH AVE S	  	GREAT FALLS	  	MT	  	Lease	  	J.C. Penney Corporation, Inc.
	 00658
	  	MAIN STORE	  	5300 SAN DARIO	  	LAREDO	  	TX	  	Fee	  	J.C. Penney Properties, Inc.
	 00658
	  	MAIN STORE	  	5300 SAN DARIO	  	LAREDO	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00663
	  	MAIN STORE	  	3929 MCCAIN BLVD STE 500	  	NORTH LITTLE ROCK	  	AR	  	Lease	  	J.C. Penney Corporation, Inc.
	 00663
	  	TIRE/BATTERY/AUTO	  	3929 MCCAIN BLVD STE 500	  	NORTH LITTLE ROCK	  	AR	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 00666
	  	MAIN STORE	  	2005 N 14TH ST STE 141	  	PONCA CITY	  	OK	  	Lease	  	J.C. Penney Corporation, Inc.
	 00671
	  	MAIN STORE	  	3199 N WHITE SANDS	  	ALAMOGORDO	  	NM	  	Lease	  	J.C. Penney Corporation, Inc.
	 00680
	  	MAIN STORE	  	51027 HWY 6	  	GLENWOOD SPRINGS	  	CO	  	Lease	  	J.C. Penney Corporation, Inc.
	 00681
	  	MAIN STORE	  	2101 FT HENRY DR	  	KINGSPORT	  	TN	  	Lease	  	J.C. Penney Corporation, Inc.
	 00687
	  	MAIN STORE	  	3700 ATLANTA HWY	  	ATHENS	  	GA	  	Lease	  	J.C. Penney Corporation, Inc.
	 00688
	  	MAIN STORE	  	2600 BEACH BLVD	  	BILOXI	  	MS	  	Lease	  	J.C. Penney Corporation, Inc.
	 00689
	  	MAIN STORE	  	2427 US HWY 90 W STE 10	  	LAKE CITY	  	FL	  	Lease	  	J.C. Penney Corporation, Inc.
	 00691
	  	HOME STORE	  	685 CONTRA COSTA BLVD.	  	PLEASANT HILL	  	CA	  	Lease	  	J.C. Penney Corporation, Inc.
	 00691
	  	MAIN STORE	  	484 SUN VALLEY MALL	  	CONCORD	  	CA	  	Lease	  	J.C. Penney Corporation, Inc.
	 00691
	  	TIRE/BATTERY/AUTO	  	484 SUN VALLEY MALL	  	CONCORD	  	CA	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 00695
	  	MAIN STORE	  	700 HAYWOOD RD	  	GREENVILLE	  	SC	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 00695
	  	MAIN STORE	  	700 HAYWOOD RD	  	GREENVILLE	  	SC	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00696
	  	ADDITIONAL SPACE	  	1249 SOUTHCENTER MALL	  	TUKWILA	  	WA	  	Lease	  	J.C. Penney Corporation, Inc.
	 00696
	  	MAIN STORE	  	1249 SOUTHCENTER MALL	  	TUKWILA	  	WA	  	Ground Lease	  	J.C. Penney Corporation, Inc.
	 00696
	  	TIRE/BATTERY/AUTO	  	1249 SOUTHCENTER MALL	  	TUKWILA	  	WA	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 00699
	  	MAIN STORE	  	1169 GLENDALE GALLERIA	  	GLENDALE	  	CA	  	Fee	  	J.C. Penney Properties, Inc.
	 00699
	  	MAIN STORE	  	1169 GLENDALE GALLERIA	  	GLENDALE	  	CA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00700
	  	MAIN STORE	  	500 QUAKER BRIDGE MALL	  	TRENTON	  	NJ	  	Fee	  	J.C. Penney Properties, Inc.
	 00700
	  	MAIN STORE	  	500 QUAKER BRIDGE MALL	  	TRENTON	  	NJ	  	Sale Leaseback	  	J.C. Penney Properties, Inc.
	 00700
	  	TIRE/BATTERY/AUTO	  	500 QUAKER BRIDGE MALL	  	TRENTON	  	NJ	  	Sublease to Third party	  	J.C. Penney Properties, Inc.
	 00702
	  	MAIN STORE	  	8401 GATEWAY BLVD W	  	EL PASO	  	TX	  	Lease	  	J.C. Penney Corporation, Inc.
	 00703
	  	LAND	  	408 MITCHELL ST	  	PETOSKEY	  	MI	  	Lease	  	J.C. Penney Corporation, Inc.
	 00703
	  	MAIN STORE	  	408 MITCHELL ST	  	PETOSKEY	  	MI	  	Fee	  	J.C. Penney Properties, Inc.
	 00704
	  	MAIN STORE	  	4651 27TH ST	  	MOLINE	  	IL	  	Lease	  	J.C. Penney Corporation, Inc.
	 00708
	  	MAIN STORE	  	1800 PIPESTONE RD	  	BENTON HARBOR	  	MI	  	Lease	  	J.C. Penney Corporation, Inc.
	 00709
	  	MAIN STORE	  	3115 E COLONIAL DR	  	ORLANDO	  	FL	  	Lease	  	J.C. Penney Corporation, Inc.
	 00712
	  	MAIN STORE	  	3111 MIDWESTERN PKWY	  	WICHITA FALLS	  	TX	  	Lease	  	J.C. Penney Corporation, Inc.
	 00718
	  	MAIN STORE	  	310 TOWNE CTR CIR	  	SANFORD	  	FL	  	Fee	  	J.C. Penney Properties, Inc.
	 00731
	  	MAIN STORE	  	3202 OAKVIEW DR	  	OMAHA	  	NE	  	Fee	  	J.C. Penney Properties, Inc.
	 00731
	  	MAIN STORE	  	3202 OAKVIEW DR	  	OMAHA	  	NE	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00733
	  	MAIN STORE	  	800 S CAMINO DEL RIO	  	DURANGO	  	CO	  	Lease	  	J.C. Penney Corporation, Inc.
	 00738
	  	MAIN STORE	  	925 WASHINGTON AVE	  	DETROIT LAKES	  	MN	  	Lease	  	J.C. Penney Corporation, Inc.
	 00739
	  	MAIN STORE	  	2150 NORTHWOODS BLVD UNIT E100	  	N CHARLESTON	  	SC	  	Lease	  	J.C. Penney Corporation, Inc.
	 00744
	  	MAIN STORE	  	300 VALLEY RIVER CTR	  	EUGENE	  	OR	  	Ground Lease	  	J.C. Penney Corporation, Inc.
	 00744
	  	TIRE/BATTERY/AUTO	  	300 VALLEY RIVER CTR	  	EUGENE	  	OR	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 00766
	  	MAIN STORE	  	331 BRANDON TOWN CENTER MALL	  	BRANDON	  	FL	  	Fee	  	J.C. Penney Properties, Inc.
	 00767
	  	MAIN STORE	  	4316 MILAN RD	  	SANDUSKY	  	OH	  	Lease	  	J.C. Penney Corporation, Inc.
	 00768
	  	MAIN STORE	  	3300 CHAMBERS RD STE 5090	  	HORSEHEADS	  	NY	  	Lease	  	J.C. Penney Corporation, Inc.
	 00768
	  	TIRE/BATTERY/AUTO	  	3300 CHAMBERS RD STE 5090	  	HORSEHEADS	  	NY	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 00769
	  	MAIN STORE	  	2190 IDAHO ST	  	ELKO	  	NV	  	Lease	  	J.C. Penney Corporation, Inc.
	 00778
	  	MAIN STORE	  	1408 N PARHAM RD	  	RICHMOND	  	VA	  	Fee	  	J.C. Penney Properties, Inc.
	 00778
	  	MAIN STORE	  	1408 N PARHAM RD	  	RICHMOND	  	VA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00779
	  	MAIN STORE	  	6000 FLORENCE MALL	  	FLORENCE	  	KY	  	Fee	  	J.C. Penney Properties, Inc.
	 00779
	  	MAIN STORE	  	6000 FLORENCE MALL	  	FLORENCE	  	KY	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00780
	  	MAIN STORE	  	1718 E BLVD	  	KOKOMO	  	IN	  	Lease	  	J.C. Penney Corporation, Inc.
	 00781
	  	MAIN STORE	  	4101 S YALE AVE	  	TULSA	  	OK	  	Lease	  	J.C. Penney Corporation, Inc.
	 00781
	  	TIRE/BATTERY/AUTO	  	4101 S YALE AVE	  	TULSA	  	OK	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 00784
	  	MAIN STORE	  	3649 ERIE BLVD E STE 2	  	DE WITT	  	NY	  	Lease	  	J.C. Penney Corporation, Inc.
	 00786
	  	MAIN STORE	  	7900 Governor Ritchie Hwy	  	Glen Burnie	  	MD	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 00786
	  	MAIN STORE	  	7900 Governor Ritchie Hwy	  	Glen Burnie	  	MD	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00794
	  	MAIN STORE	  	3500 OLEANDER DR	  	WILMINGTON	  	NC	  	Lease	  	J.C. Penney Corporation, Inc.
	 00797
	  	MAIN STORE	  	816 WALNUT SQUARE BLVD STE D	  	DALTON	  	GA	  	Lease	  	J.C. Penney Corporation, Inc.
	 00808
	  	MAIN STORE	  	3187 N MAIN ST	  	ANDERSON	  	SC	  	Lease	  	J.C. Penney Corporation, Inc.
	 00808
	  	TIRE/BATTERY/AUTO	  	3187 N MAIN ST	  	ANDERSON	  	SC	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 00814
	  	MAIN STORE	  	625 BLACK LAKE BLVD	  	OLYMPIA	  	WA	  	Lease	  	J.C. Penney Corporation, Inc.
	 00816
	  	MAIN STORE	  	606 CHRISTIANA MALL	  	NEWARK	  	DE	  	Fee	  	J.C. Penney Properties, Inc.
	 00816
	  	MAIN STORE	  	606 CHRISTIANA MALL	  	NEWARK	  	DE	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00819
	  	MAIN STORE	  	500 BRIARWOOD CIR	  	ANN ARBOR	  	MI	  	Fee	  	J.C. Penney Properties, Inc.
	 00819
	  	MAIN STORE	  	500 BRIARWOOD CIR	  	ANN ARBOR	  	MI	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00819
	  	MAIN STORE	  	500 BRIARWOOD CIR	  	ANN ARBOR	  	MI	  	Sale Leaseback	  	J.C. Penney Properties, Inc.
	 00819
	  	TIRE/BATTERY/AUTO	  	500 BRIARWOOD CIR	  	ANN ARBOR	  	MI	  	Sublease to Third party	  	J.C. Penney Properties, Inc.
	 00830
	  	MAIN STORE	  	PO BOX 2008	  	LAUREL	  	MS	  	Lease	  	J.C. Penney Corporation, Inc.
	 00834
	  	MAIN STORE	  	2000 N POINT CIR	  	ALPHARETTA	  	GA	  	Lease	  	J.C. Penney Corporation, Inc.
	 00835
	  	MAIN STORE	  	117-19 E MAIN ST	  	SIDNEY	  	MT	  	Lease	  	J.C. Penney Corporation, Inc.
	 00838
	  	MAIN STORE	  	810 W PARK AVE	  	GREENWOOD	  	MS	  	Lease	  	J.C. Penney Corporation, Inc.
	 00852
	  	MAIN STORE	  	701 LYNN HAVEN PKWY	  	VIRGINIA BEACH	  	VA	  	Lease	  	J.C. Penney Corporation, Inc.
	 00863
	  	MAIN STORE	  	680 CITADEL DR E	  	COLORADO SPRINGS	  	CO	  	Fee	  	J.C. Penney Properties, Inc.
	 00863
	  	MAIN STORE	  	680 CITADEL DR E	  	COLORADO SPRINGS	  	CO	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00864
	  	MAIN STORE	  	3661 EISENHOWER PKWY STE 6	  	MACON	  	GA	  	Lease	  	J.C. Penney Corporation, Inc.
	 00864
	  	TIRE/BATTERY/AUTO	  	3661 EISENHOWER PKWY STE 6	  	MACON	  	GA	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.

													
	 00870
	  	MAIN STORE	  	730 MEYERLAND PLAZA MALL	  	HOUSTON	  	TX	  	Lease	  	J.C. Penney Corporation, Inc.
	 00881
	  	MAIN STORE	  	7700 E KELLOGG DR	  	WICHITA	  	KS	  	Lease	  	J.C. Penney Corporation, Inc.
	 00881
	  	TIRE/BATTERY/AUTO	  	7700 E KELLOGG DR	  	WICHITA	  	KS	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 00882
	  	MAIN STORE	  	2415 SAGAMORE PKWY S 52	  	LAFAYETTE	  	IN	  	Lease	  	J.C. Penney Corporation, Inc.
	 00882
	  	TIRE/BATTERY/AUTO	  	2415 SAGAMORE PKWY S 52	  	LAFAYETTE	  	IN	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 00890
	  	MAIN STORE	  	194 MAIN ST	  	STURBRIDGE	  	MA	  	Lease	  	J.C. Penney Corporation, Inc.
	 00891
	  	LAND	  	135 E TOWNE MALL	  	MADISON	  	WI	  	Sublease to Third party	  	J.C. Penney Properties, Inc.
	 00891
	  	MAIN STORE	  	135 E TOWNE MALL	  	MADISON	  	WI	  	Fee	  	J.C. Penney Properties, Inc.
	 00895
	  	MAIN STORE	  	150 PEARL NIX PKWY	  	GAINESVILLE	  	GA	  	Lease	  	J.C. Penney Corporation, Inc.
	 00895
	  	TIRE/BATTERY/AUTO	  	150 PEARL NIX PKWY	  	GAINESVILLE	  	GA	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 00899
	  	MAIN STORE	  	639 STILLWATER AVE	  	BANGOR	  	ME	  	Lease	  	J.C. Penney Corporation, Inc.
	 00902
	  	MAIN STORE	  	1201 HOOPER AVE STE B	  	TOMS RIVER	  	NJ	  	Lease	  	J.C. Penney Corporation, Inc.
	 00907
	  	MAIN STORE	  	8201 S TAMIAMI TRAIL	  	SARASOTA	  	FL	  	Fee	  	J.C. Penney Properties, Inc.
	 00909
	  	MAIN STORE	  	1620 E 10TH ST STE 100	  	ROANOKE RAPIDS	  	NC	  	Lease	  	J.C. Penney Corporation, Inc.
	 00910
	  	MAIN STORE	  	4129 E WILDER RD	  	BAY CITY	  	MI	  	Fee	  	J.C. Penney Properties, Inc.
	 00910
	  	MAIN STORE	  	4129 E WILDER RD	  	BAY CITY	  	MI	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00911
	  	MAIN STORE	  	800 N 98TH ST	  	OMAHA	  	NE	  	Fee	  	J.C. Penney Properties, Inc.
	 00914
	  	MAIN STORE	  	1170 INDIANA AVE	  	SAINT MARYS	  	OH	  	Lease	  	J.C. Penney Corporation, Inc.
	 00916
	  	MAIN STORE	  	PO BOX 8709	  	CAROLINA	  	Puerto Rico	  	Lease	  	J.C. Penney Corporation, Inc.
	 00920
	  	MAIN STORE	  	200 W PARK MALL	  	CAPE GIRARDEAU	  	MO	  	Lease	  	J.C. Penney Corporation, Inc.
	 00921
	  	MAIN STORE	  	2231 S MISSION RD	  	MT PLEASANT	  	MI	  	Lease	  	J.C. Penney Corporation, Inc.
	 00924
	  	MAIN STORE	  	160 N GULPH RD STE 5000	  	KING OF PRUSSIA	  	PA	  	Lease	  	J.C. Penney Corporation, Inc.
	 00933
	  	MAIN STORE	  	300 WESTFARMS MALL	  	FARMINGTON	  	CT	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 00933
	  	MAIN STORE	  	300 WESTFARMS MALL	  	FARMINGTON	  	CT	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00951
	  	MAIN STORE	  	1365 N DUPONT HWY STE 5000	  	DOVER	  	DE	  	Fee	  	J.C. Penney Properties, Inc.
	 00951
	  	MAIN STORE	  	1365 N DUPONT HWY STE 5000	  	DOVER	  	DE	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00952
	  	MAIN STORE	  	630 OLD COUNTRY RD UNIT A2	  	GARDEN CITY	  	NY	  	Ground Lease	  	J.C. Penney Corporation, Inc.
	 00952
	  	MAIN STORE	  	630 OLD COUNTRY RD UNIT A2	  	GARDEN CITY	  	NY	  	Sale Leaseback	  	J.C. Penney Corporation, Inc.
	 00952
	  	TIRE/BATTERY/AUTO	  	630 OLD COUNTRY RD UNIT A2	  	GARDEN CITY	  	NY	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 00952
	  	TRASH COMPACTOR	  	630 OLD COUNTRY RD UNIT A2	  	GARDEN CITY	  	NY	  	Lease	  	J.C. Penney Corporation, Inc.
	 00954
	  	MAIN STORE	  	234 N MAIN ST	  	SHERIDAN	  	WY	  	Lease	  	J.C. Penney Corporation, Inc.
	 00954
	  	OUTSIDE STOCKROOM	  	234 N MAIN ST	  	SHERIDAN	  	WY	  	Lease	  	J.C. Penney Corporation, Inc.
	 00955
	  	MAIN STORE	  	6420 S PACIFIC BLVD	  	HUNTINGTON PARK	  	CA	  	Fee	  	J.C. Penney Properties, Inc.
	 00965
	  	MAIN STORE	  	1845 N WEST AVE	  	EL DORADO	  	AR	  	Lease	  	J.C. Penney Corporation, Inc.
	 00972
	  	MAIN STORE	  	220 GOLF MILL CTR	  	NILES	  	IL	  	Lease	  	J.C. Penney Corporation, Inc.
	 00982
	  	MAIN STORE	  	7777 EASTPOINT MALL	  	BALTIMORE	  	MD	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 00982
	  	MAIN STORE	  	7777 EASTPOINT MALL	  	BALTIMORE	  	MD	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 00993
	  	MAIN STORE	  	2418 SW MILITARY DR	  	SAN ANTONIO	  	TX	  	Lease	  	J.C. Penney Corporation, Inc.
	 00993
	  	TIRE/BATTERY/AUTO	  	2418 SW MILITARY DR	  	SAN ANTONIO	  	TX	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 00995
	  	MAIN STORE	  	MERCER MALL BOX 7106	  	BLUEFIELD	  	WV	  	Lease	  	J.C. Penney Corporation, Inc.
	 00996
	  	MAIN STORE	  	4401 S BROADWAY	  	TYLER	  	TX	  	Lease	  	J.C. Penney Corporation, Inc.
	 00996
	  	TIRE/BATTERY/AUTO	  	4401 S BROADWAY	  	TYLER	  	TX	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01002
	  	MAIN STORE	  	4348 ELECTRIC RD	  	ROANOKE	  	VA	  	Lease	  	J.C. Penney Corporation, Inc.
	 01002
	  	TIRE/BATTERY/AUTO	  	4348 ELECTRIC RD	  	ROANOKE	  	VA	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01012
	  	MAIN STORE	  	75 MAVERICK ST RT 1A	  	ROCKLAND	  	ME	  	Lease	  	J.C. Penney Corporation, Inc.
	 01020
	  	MAIN STORE	  	1671 W LACEY BLVD	  	HANFORD	  	CA	  	Lease	  	J.C. Penney Corporation, Inc.
	 01024
	  	MAIN STORE	  	236 E 5TH ST N	  	BURLEY	  	ID	  	Lease	  	J.C. Penney Corporation, Inc.
	 01028
	  	MAIN STORE	  	315 E SECOND ST	  	CALEXICO	  	CA	  	Lease	  	J.C. Penney Corporation, Inc.
	 01031
	  	MAIN STORE	  	220 ENNIS LN	  	TOWANDA	  	PA	  	Lease	  	J.C. Penney Corporation, Inc.
	 01033
	  	MAIN STORE	  	3000 DUNN AVE UNIT 25	  	JACKSONVILLE	  	FL	  	Lease	  	J.C. Penney Corporation, Inc.
	 01037
	  	MAIN STORE	  	3401 DALE RD	  	MODESTO	  	CA	  	Lease	  	J.C. Penney Corporation, Inc.
	 01046
	  	MAIN STORE	  	2201 S INTERSTATE 35 E STE D	  	DENTON	  	TX	  	Fee	  	J.C. Penney Properties, Inc.
	 01046
	  	MAIN STORE	  	2201 S INTERSTATE 35 E STE D	  	DENTON	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01048
	  	MAIN STORE	  	200 SIDNEY BAKER ST S (HWY 16)	  	KERRVILLE	  	TX	  	Lease	  	J.C. Penney Corporation, Inc.
	 01049
	  	MAIN STORE	  	4 FOX VALLEY CTR	  	AURORA	  	IL	  	Fee	  	J.C. Penney Properties, Inc.
	 01049
	  	MAIN STORE	  	4 FOX VALLEY CTR	  	AURORA	  	IL	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01052
	  	MAIN STORE	  	220 W MARIPOSA RD	  	NOGALES	  	AZ	  	Lease	  	J.C. Penney Corporation, Inc.
	 01056
	  	MAIN STORE	  	3701 S MAIN ST (US 33)	  	ELKHART	  	IN	  	Lease	  	J.C. Penney Corporation, Inc.
	 01058
	  	MAIN STORE	  	1386 E COURT ST	  	SEGUIN	  	TX	  	Lease	  	J.C. Penney Corporation, Inc.
	 01064
	  	ADDITIONAL SPACE	  	324 E SAN ANTONIO ST	  	EL PASO	  	TX	  	Lease	  	J.C. Penney Corporation, Inc.
	 01064
	  	MAIN STORE	  	324 E SAN ANTONIO ST	  	EL PASO	  	TX	  	Fee	  	J.C. Penney Properties, Inc.
	 01067
	  	MAIN STORE	  	1904 E 9TH ST	  	WINFIELD	  	KS	  	Lease	  	J.C. Penney Corporation, Inc.
	 01068
	  	MAIN STORE	  	202 E CENTENNIAL DR	  	PITTSBURG	  	KS	  	Lease	  	J.C. Penney Corporation, Inc.
	 01071
	  	MAIN STORE	  	2000 BRITTAIN RD STE 600	  	AKRON	  	OH	  	Lease	  	J.C. Penney Corporation, Inc.
	 01071
	  	TIRE/BATTERY/AUTO	  	2000 BRITTAIN RD STE 600	  	AKRON	  	OH	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01076
	  	MAIN STORE	  	1060 HWY 15 S	  	HUTCHINSON	  	MN	  	Lease	  	J.C. Penney Corporation, Inc.
	 01081
	  	MAIN STORE	  	1780 GALLERIA BLVD	  	FRANKLIN	  	TN	  	Fee	  	J.C. Penney Properties, Inc.
	 01081
	  	MAIN STORE	  	1780 GALLERIA BLVD	  	FRANKLIN	  	TN	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01086
	  	MAIN STORE	  	619 N PERKINS RD	  	STILLWATER	  	OK	  	Lease	  	J.C. Penney Corporation, Inc.
	 01091
	  	MAIN STORE	  	1401 PAUL BUNYAN DR NW STE 2	  	BEMIDJI	  	MN	  	Lease	  	J.C. Penney Corporation, Inc.
	 01101
	  	MAIN STORE	  	715 E EXPRESSWAY 83	  	WESLACO	  	TX	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 01101
	  	MAIN STORE	  	715 E EXPRESSWAY 83	  	WESLACO	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01106
	  	MAIN STORE	  	1950 PRAIRIE CENTER PKWY	  	BRIGHTON	  	CO	  	Fee	  	J.C. Penney Properties, Inc.
	 01106
	  	MAIN STORE	  	1950 PRAIRIE CENTER PKWY	  	BRIGHTON	  	CO	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01116
	  	MAIN STORE	  	1744 E CARL ALBERT PKWY	  	MCALESTER	  	OK	  	Lease	  	J.C. Penney Corporation, Inc.
	 01117
	  	TIRE/BATTERY/AUTO	  	NORTH NEW HOPE ROAD	  	GASTONIA	  	NC	  	Lease	  	J.C. Penney Corporation, Inc.
	 01117
	  	TIRE/BATTERY/AUTO	  	NORTH NEW HOPE ROAD	  	GASTONIA	  	NC	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01122
	  	MAIN STORE	  	2501 W MEMORIAL RD	  	OKLAHOMA CITY	  	OK	  	Fee	  	J.C. Penney Properties, Inc.
	 01122
	  	MAIN STORE	  	2501 W MEMORIAL RD	  	OKLAHOMA CITY	  	OK	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.

													
	 01128
	  	MAIN STORE	  	2520 GULF FWY S	  	LEAGUE CITY	  	TX	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 01128
	  	MAIN STORE	  	2520 GULF FWY S	  	LEAGUE CITY	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01130
	  	MAIN STORE	  	3501 E BROADWAY	  	TUCSON	  	AZ	  	Lease	  	J.C. Penney Corporation, Inc.
	 01130
	  	TIRE/BATTERY/AUTO	  	3501 E BROADWAY	  	TUCSON	  	AZ	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01134
	  	MAIN STORE	  	80 VIEWMONT MALL	  	SCRANTON	  	PA	  	Lease	  	J.C. Penney Corporation, Inc.
	 01135
	  	MAIN STORE	  	3409 CANDLERS MOUNTAIN RD	  	LYNCHBURG	  	VA	  	Fee	  	J.C. Penney Properties, Inc.
	 01135
	  	MAIN STORE	  	3409 CANDLERS MOUNTAIN RD	  	LYNCHBURG	  	VA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01140
	  	MAIN STORE	  	4541 S LABURNUM AVE	  	RICHMOND	  	VA	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 01140
	  	MAIN STORE	  	4541 S LABURNUM AVE	  	RICHMOND	  	VA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01141
	  	MAIN STORE	  	1651 STATE HWY 1 S	  	GREENVILLE	  	MS	  	Lease	  	J.C. Penney Corporation, Inc.
	 01142
	  	MAIN STORE	  	951 W PACHECO BLVD	  	LOS BANOS	  	CA	  	Lease	  	J.C. Penney Corporation, Inc.
	 01143
	  	MAIN STORE	  	428 N STATE HWY 19	  	PALATKA	  	FL	  	Lease	  	J.C. Penney Corporation, Inc.
	 01148
	  	MAIN STORE	  	300 MARY ESTHER BLVD	  	MARY ESTHER	  	FL	  	Lease	  	J.C. Penney Corporation, Inc.
	 01150
	  	MAIN STORE	  	STATE HWY 35 AND 36	  	EATONTOWN	  	NJ	  	Fee	  	J.C. Penney Properties, Inc.
	 01150
	  	MAIN STORE	  	STATE HWY 35 AND 36	  	EATONTOWN	  	NJ	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01153
	  	MAIN STORE	  	2601 CENTRAL AVE	  	DODGE CITY	  	KS	  	Lease	  	J.C. Penney Corporation, Inc.
	 01155
	  	MAIN STORE	  	1300 E PINECREST DR	  	MARSHALL	  	TX	  	Lease	  	J.C. Penney Corporation, Inc.
	 01156
	  	MAIN STORE	  	4915 CLAREMONT AVE	  	STOCKTON	  	CA	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 01156
	  	MAIN STORE	  	4915 CLAREMONT AVE	  	STOCKTON	  	CA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01156
	  	TIRE/BATTERY/AUTO	  	4915 CLAREMONT AVE	  	STOCKTON	  	CA	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01159
	  	MAIN STORE	  	350 JOHN R JUNKIN DR	  	NATCHEZ	  	MS	  	Lease	  	J.C. Penney Corporation, Inc.
	 01161
	  	MAIN STORE	  	5256 ROUTE 30	  	GREENSBURG	  	PA	  	Fee	  	J.C. Penney Properties, Inc.
	 01161
	  	MAIN STORE	  	5256 ROUTE 30	  	GREENSBURG	  	PA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01163
	  	MAIN STORE	  	1375 US 127 S	  	FRANKFORT	  	KY	  	Lease	  	J.C. Penney Corporation, Inc.
	 01164
	  	MAIN STORE	  	2800 S COLUMBIA RD	  	GRAND FORKS	  	ND	  	Lease	  	J.C. Penney Corporation, Inc.
	 01165
	  	MAIN STORE	  	1826-19TH AVE	  	LEWISTON	  	ID	  	Lease	  	J.C. Penney Corporation, Inc.
	 01166
	  	MAIN STORE	  	18900 MICHIGAN AVE (US 12)	  	DEARBORN	  	MI	  	Fee	  	J.C. Penney Properties, Inc.
	 01166
	  	MAIN STORE	  	18900 MICHIGAN AVE (US 12)	  	DEARBORN	  	MI	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01166
	  	TIRE/BATTERY/AUTO	  	18900 MICHIGAN AVE (US 12)	  	DEARBORN	  	MI	  	Sublease to Third party	  	J.C. Penney Properties, Inc.
	 01166
	  	TIRE/BATTERY/AUTO	  	18900 MICHIGAN AVE (US 12)	  	DEARBORN	  	MI	  	Sublease to Third party	  	J.C. Penney Properties, Inc.
	 01168
	  	MAIN STORE	  	14200 E ALAMEDA AVE	  	AURORA	  	CO	  	Fee	  	J.C. Penney Properties, Inc.
	 01168
	  	MAIN STORE	  	14200 E ALAMEDA AVE	  	AURORA	  	CO	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01170
	  	MAIN STORE	  	700 QUINTARD DR STE 100	  	OXFORD	  	AL	  	Lease	  	J.C. Penney Corporation, Inc.
	 01170
	  	TIRE/BATTERY/AUTO	  	700 QUINTARD DR STE 100	  	OXFORD	  	AL	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01180
	  	MAIN STORE	  	260 WAYNE TOWNE CTR	  	WAYNE	  	NJ	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 01180
	  	MAIN STORE	  	260 WAYNE TOWNE CTR	  	WAYNE	  	NJ	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01188
	  	HOME STORE	  	3402 SOUTH GLENSTONE AVENUE	  	SPRINGFIELD	  	MO	  	Lease	  	J.C. Penney Corporation, Inc.
	 01188
	  	MAIN STORE	  	2825 S GLENSTONE AVE STE 200	  	SPRINGFIELD	  	MO	  	Lease	  	J.C. Penney Corporation, Inc.
	 01188
	  	TIRE/BATTERY/AUTO	  	2825 S GLENSTONE AVE STE 200	  	SPRINGFIELD	  	MO	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01190
	  	MAIN STORE	  	175 YORKTOWN S/C	  	LOMBARD	  	IL	  	Fee	  	J.C. Penney Properties, Inc.
	 01192
	  	MAIN STORE	  	600 SUNRISE MALL	  	MASSAPEQUA L I	  	NY	  	Ground Lease	  	J.C. Penney Corporation, Inc.
	 01195
	  	MAIN STORE	  	95 N MOORLAND RD	  	BROOKFIELD	  	WI	  	Ground Lease	  	J.C. Penney Corporation, Inc.
	 01195
	  	TIRE/BATTERY/AUTO	  	95 N MOORLAND RD	  	BROOKFIELD	  	WI	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01198
	  	MAIN STORE	  	1500 KANSAS AVE	  	GREAT BEND	  	KS	  	Lease	  	J.C. Penney Corporation, Inc.
	 01203
	  	FOUNDRY	  	1101 MELBOURNE RD SUITE 3077	  	HURST	  	TX	  	Lease	  	J.C. Penney Corporation, Inc.
	 01206
	  	MAIN STORE	  	6100 SUNRISE BLVD	  	CITRUS HTS	  	CA	  	Fee	  	J.C. Penney Properties, Inc.
	 01206
	  	MAIN STORE	  	6100 SUNRISE BLVD	  	CITRUS HTS	  	CA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01206
	  	TIRE/BATTERY/AUTO	  	6100 SUNRISE BLVD	  	CITRUS HTS	  	CA	  	Sublease to Third party	  	J.C. Penney Properties, Inc.
	 01207
	  	FOUNDRY	  	11745 W 95TH ST	  	OVERLAND PARK	  	KS	  	Lease	  	J.C. Penney Corporation, Inc.
	 01208
	  	MAIN STORE	  	1122 N UNIVERSITY DR	  	NACOGDOCHES	  	TX	  	Lease	  	J.C. Penney Corporation, Inc.
	 01210
	  	MAIN STORE	  	3700 STATE RD 16	  	LA CROSSE	  	WI	  	Lease	  	J.C. Penney Corporation, Inc.
	 01212
	  	MAIN STORE	  	3075 CLAIRTON RD STE 100	  	WEST MIFFLIN	  	PA	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 01212
	  	MAIN STORE	  	3075 CLAIRTON RD STE 100	  	WEST MIFFLIN	  	PA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01216
	  	FOUNDRY	  	18801 E 39TH ST S	  	INDEPENDENCE	  	MO	  	Lease	  	J.C. Penney Corporation, Inc.
	 01217
	  	MAIN STORE	  	23 WEST TOWNE MALL	  	MADISON	  	WI	  	Fee	  	J.C. Penney Properties, Inc.
	 01217
	  	MAIN STORE	  	23 WEST TOWNE MALL	  	MADISON	  	WI	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01223
	  	MAIN STORE	  	24200 LAGUNA HILLS MALL	  	LAGUNA HILLS	  	CA	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 01223
	  	MAIN STORE	  	24200 LAGUNA HILLS MALL	  	LAGUNA HILLS	  	CA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01223
	  	TIRE/BATTERY/AUTO	  	24200 LAGUNA HILLS MALL	  	LAGUNA HILLS	  	CA	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01226
	  	MAIN STORE	  	400 PARK CITY S/C	  	LANCASTER	  	PA	  	Lease	  	J.C. Penney Corporation, Inc.
	 01226
	  	TIRE/BATTERY/AUTO	  	400 PARK CITY S/C	  	LANCASTER	  	PA	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01228
	  	MAIN STORE	  	2500 S CENTER ST	  	MARSHALLTOWN	  	IA	  	Lease	  	J.C. Penney Corporation, Inc.
	 01229
	  	MAIN STORE	  	280 HILLCREST DR W	  	THOUSAND OAKS	  	CA	  	Fee	  	J.C. Penney Properties, Inc.
	 01229
	  	MAIN STORE	  	280 HILLCREST DR W	  	THOUSAND OAKS	  	CA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01240
	  	MAIN STORE	  	504 N ADAMS ST	  	CARROLL	  	IA	  	Lease	  	J.C. Penney Corporation, Inc.
	 01241
	  	MAIN STORE	  	100 NORTHRIDGE MALL	  	SALINAS	  	CA	  	Lease	  	J.C. Penney Corporation, Inc.
	 01241
	  	MAIN STORE	  	100 NORTHRIDGE MALL	  	SALINAS	  	CA	  	Sale Leaseback	  	J.C. Penney Corporation, Inc.
	 01241
	  	TIRE/BATTERY/AUTO	  	100 NORTHRIDGE MALL	  	SALINAS	  	CA	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01248
	  	MAIN STORE	  	4150 S HWY 27	  	SOMERSET	  	KY	  	Lease	  	J.C. Penney Corporation, Inc.
	 01250
	  	MAIN STORE	  	757 E LEWIS & CLRK PKY STE 701	  	CLARKSVILLE	  	IN	  	Lease	  	J.C. Penney Corporation, Inc.
	 01256
	  	MAIN STORE	  	1321 N COLUMBIA CTR BLVD # 100	  	KENNEWICK	  	WA	  	Fee	  	J.C. Penney Properties, Inc.
	 01256
	  	MAIN STORE	  	1321 N COLUMBIA CTR BLVD # 100	  	KENNEWICK	  	WA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01262
	  	MAIN STORE	  	50 HAMPTON VILLAGE PLAZA	  	SAINT LOUIS	  	MO	  	Lease	  	J.C. Penney Corporation, Inc.
	 01270
	  	MAIN STORE	  	3939 S CARSON ST	  	CARSON CITY	  	NV	  	Fee	  	J.C. Penney Properties, Inc.
	 01270
	  	MAIN STORE	  	3939 S CARSON ST	  	CARSON CITY	  	NV	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01274
	  	MAIN STORE	  	591 BROADWAY	  	CHULA VISTA	  	CA	  	Lease	  	J.C. Penney Corporation, Inc.
	 01288
	  	MAIN STORE	  	2200 N MAPLE AVE	  	RAPID CITY	  	SD	  	Lease	  	J.C. Penney Corporation, Inc.

													
	 01296
	  	MAIN STORE	  	2918 VINE ST STE 2001	  	HAYS	  	KS	  	Lease	  	J.C. Penney Corporation, Inc.
	 01296
	  	TIRE/BATTERY/AUTO	  	2918 VINE ST STE 2001	  	HAYS	  	KS	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01306
	  	MAIN STORE	  	35000 W WARREN RD	  	WESTLAND	  	MI	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 01306
	  	MAIN STORE	  	35000 W WARREN RD	  	WESTLAND	  	MI	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01308
	  	MAIN STORE	  	5000 SHELBYVILLE RD	  	LOUISVILLE	  	KY	  	Ground Lease	  	J.C. Penney Corporation, Inc.
	 01313
	  	MAIN STORE	  	100 HWY 332 W STE 1260	  	LAKE JACKSON	  	TX	  	Lease	  	J.C. Penney Corporation, Inc.
	 01315
	  	MAIN STORE	  	325 NORTHSIDE DR E STE 25	  	STATESBORO	  	GA	  	Lease	  	J.C. Penney Corporation, Inc.
	 01319
	  	MAIN STORE	  	1530 COSHOCTON AVE	  	MT VERNON	  	OH	  	Lease	  	J.C. Penney Corporation, Inc.
	 01320
	  	MAIN STORE	  	3320 SILAS CREEK PKWY STE 460	  	WINSTON-SALEM	  	NC	  	Fee	  	J.C. Penney Properties, Inc.
	 01320
	  	MAIN STORE	  	3320 SILAS CREEK PKWY STE 460	  	WINSTON-SALEM	  	NC	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01321
	  	MAIN STORE	  	777 E MERRITT ISL CSWY STE 210	  	MERRITT ISLAND	  	FL	  	Lease	  	J.C. Penney Corporation, Inc.
	 01321
	  	TIRE/BATTERY/AUTO	  	777 E MERRITT ISL CSWY STE 210	  	MERRITT ISLAND	  	FL	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01322
	  	MAIN STORE	  	1560 HOUSTONVILLE RD STE 301	  	DANVILLE	  	KY	  	Lease	  	J.C. Penney Corporation, Inc.
	 01323
	  	MAIN STORE	  	5100 GREAT NORTHERN MALL	  	N OLMSTED	  	OH	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 01323
	  	MAIN STORE	  	5100 GREAT NORTHERN MALL	  	N OLMSTED	  	OH	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01324
	  	MAIN STORE	  	1118 JAMES AVE	  	BEDFORD	  	IN	  	Lease	  	J.C. Penney Corporation, Inc.
	 01327
	  	MAIN STORE	  	100 FOUR SEASONS TOWN CTR	  	GREENSBORO	  	NC	  	Lease	  	J.C. Penney Corporation, Inc.
	 01330
	  	MAIN STORE	  	5488 S PADRE ISLAND DR STE4000	  	CORPUS CHRISTI	  	TX	  	Lease	  	J.C. Penney Corporation, Inc.
	 01330
	  	TIRE/BATTERY/AUTO	  	5488 S PADRE ISLAND DR STE4000	  	CORPUS CHRISTI	  	TX	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01337
	  	MAIN STORE	  	100 STONEWOOD ST	  	DOWNEY	  	CA	  	Lease	  	J.C. Penney Corporation, Inc.
	 01337
	  	TIRE/BATTERY/AUTO	  	100 STONEWOOD ST	  	DOWNEY	  	CA	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01339
	  	MAIN STORE	  	101 RANGE LINE STE 250A	  	JOPLIN	  	MO	  	Lease	  	J.C. Penney Corporation, Inc.
	 01339
	  	TIRE/BATTERY/AUTO	  	101 RANGE LINE STE 250A	  	JOPLIN	  	MO	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01348
	  	MAIN STORE	  	3560 LAMAR AVE HWY 82	  	PARIS	  	TX	  	Lease	  	J.C. Penney Corporation, Inc.
	 01351
	  	MAIN STORE	  	3100 SW COLLEGE RD	  	OCALA	  	FL	  	Lease	  	J.C. Penney Corporation, Inc.
	 01352
	  	MAIN STORE	  	700 W 14 MILE RD	  	TROY	  	MI	  	Fee	  	J.C. Penney Properties, Inc.
	 01352
	  	MAIN STORE	  	700 W 14 MILE RD	  	TROY	  	MI	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01360
	  	HOME STORE	  	8881 SOUTHWEST 107TH AVENUE	  	MIAMI	  	FL	  	Lease	  	J.C. Penney Corporation, Inc.
	 01360
	  	MAIN STORE	  	7201 N KENDALL DR	  	MIAMI	  	FL	  	Ground Lease	  	J.C. Penney Corporation, Inc.
	 01360
	  	TIRE/BATTERY/AUTO	  	7201 N KENDALL DR	  	MIAMI	  	FL	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01362
	  	MAIN STORE	  	1600 A MILLER TRUNK HWY	  	DULUTH	  	MN	  	Lease	  	J.C. Penney Corporation, Inc.
	 01362
	  	TIRE/BATTERY/AUTO	  	1600 A MILLER TRUNK HWY	  	DULUTH	  	MN	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01368
	  	MAIN STORE	  	7507 W CERMAK RD	  	NORTH RIVERSIDE	  	IL	  	Fee	  	J.C. Penney Properties, Inc.
	 01368
	  	MAIN STORE	  	7507 W CERMAK RD	  	NORTH RIVERSIDE	  	IL	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01373
	  	HOME STORE	  	6933 LINDBERGH BOULEVARD	  	ST LOUIS	  	MO	  	Lease	  	J.C. Penney Corporation, Inc.
	 01373
	  	MAIN STORE	  	100 S COUNTY CENTER WAY	  	SAINT LOUIS	  	MO	  	Lease	  	J.C. Penney Corporation, Inc.
	 01377
	  	MAIN STORE	  	607 N BERKELEY BLVD	  	GOLDSBORO	  	NC	  	Lease	  	J.C. Penney Corporation, Inc.
	 01377
	  	TIRE/BATTERY/AUTO	  	607 N BERKELEY BLVD	  	GOLDSBORO	  	NC	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01385
	  	MAIN STORE	  	201 S MAIN ST	  	BISHOP	  	CA	  	Lease	  	J.C. Penney Corporation, Inc.
	 01388
	  	MAIN STORE	  	205 N ORCHARD AVE	  	UKIAH	  	CA	  	Lease	  	J.C. Penney Corporation, Inc.
	 01389
	  	MAIN STORE	  	11801 W 95TH ST	  	OVERLAND PARK	  	KS	  	Ground Lease	  	J.C. Penney Corporation, Inc.
	 01389
	  	MAIN STORE	  	11801 W 95TH ST	  	OVERLAND PARK	  	KS	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01392
	  	MAIN STORE	  	250 PLAINFIELD RD UNIT 202	  	WEST LEBANON	  	NH	  	Lease	  	J.C. Penney Corporation, Inc.
	 01393
	  	MAIN STORE	  	4257 N MAYO TRAIL	  	PIKEVILLE	  	KY	  	Lease	  	J.C. Penney Corporation, Inc.
	 01398
	  	MAIN STORE	  	23000 EUREKA RD STE A3	  	TAYLOR	  	MI	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 01398
	  	MAIN STORE	  	23000 EUREKA RD STE A3	  	TAYLOR	  	MI	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01399
	  	MAIN STORE	  	1700 MARKET LANE	  	NORFOLK	  	NE	  	Lease	  	J.C. Penney Corporation, Inc.
	 01405
	  	MAIN STORE	  	12421 WAYZATA BLVD	  	MINNETONKA	  	MN	  	Fee	  	J.C. Penney Properties, Inc.
	 01405
	  	MAIN STORE	  	12421 WAYZATA BLVD	  	MINNETONKA	  	MN	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01413
	  	MAIN STORE	  	3601 S 2700 W	  	SALT LAKE CITY	  	UT	  	Lease	  	J.C. Penney Corporation, Inc.
	 01413
	  	TIRE/BATTERY/AUTO	  	3601 S 2700 W	  	SALT LAKE CITY	  	UT	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01417
	  	MAIN STORE	  	400 S BALDWIN AVE	  	ARCADIA	  	CA	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 01417
	  	MAIN STORE	  	400 S BALDWIN AVE	  	ARCADIA	  	CA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01419
	  	MAIN STORE	  	1900 GREEN OAKS RD	  	FORT WORTH	  	TX	  	Fee	  	J.C. Penney Properties, Inc.
	 01419
	  	MAIN STORE	  	1900 GREEN OAKS RD	  	FORT WORTH	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01419
	  	TIRE/BATTERY/AUTO	  	1900 GREEN OAKS RD	  	FORT WORTH	  	TX	  	Sublease to Third party	  	J.C. Penney Properties, Inc.
	 01431
	  	MAIN STORE	  	2101 BROADWAY	  	YANKTON	  	SD	  	Lease	  	J.C. Penney Corporation, Inc.
	 01432
	  	MAIN STORE	  	14300 LAKESIDE CIR	  	STERLING HTS	  	MI	  	Fee	  	J.C. Penney Properties, Inc.
	 01432
	  	MAIN STORE	  	14300 LAKESIDE CIR	  	STERLING HTS	  	MI	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01433
	  	MAIN STORE	  	1890 SOUTHLAKE MALL	  	MERRILLVILLE	  	IN	  	Lease	  	J.C. Penney Corporation, Inc.
	 01433
	  	OUTSIDE STOCKROOM	  	1890 SOUTHLAKE MALL	  	MERRILLVILLE	  	IN	  	Lease	  	J.C. Penney Corporation, Inc.
	 01433
	  	TIRE/BATTERY/AUTO	  	1890 SOUTHLAKE MALL	  	MERRILLVILLE	  	IN	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01443
	  	MAIN STORE	  	245 SAINT CLAIR SQ	  	FAIRVIEW HTS	  	IL	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 01443
	  	MAIN STORE	  	245 SAINT CLAIR SQ	  	FAIRVIEW HTS	  	IL	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01443
	  	TIRE/BATTERY/AUTO	  	245 SAINT CLAIR SQ	  	FAIRVIEW HTS	  	IL	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01445
	  	MAIN STORE	  	1 SANGERTOWN SQ STE 55	  	NEW HARTFORD	  	NY	  	Lease	  	J.C. Penney Corporation, Inc.
	 01451
	  	MAIN STORE	  	3340 MALL LOOP DR SPACE 2	  	JOLIET	  	IL	  	Fee	  	J.C. Penney Properties, Inc.
	 01451
	  	MAIN STORE	  	3340 MALL LOOP DR SPACE 2	  	JOLIET	  	IL	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01455
	  	MAIN STORE	  	1850 APPLE BLOSSOM DR	  	WINCHESTER	  	VA	  	Lease	  	J.C. Penney Corporation, Inc.
	 01462
	  	MAIN STORE	  	6699 SPRINGFIELD MALL	  	SPRINGFIELD	  	VA	  	Fee	  	J.C. Penney Properties, Inc.
	 01462
	  	MAIN STORE	  	6699 SPRINGFIELD MALL	  	SPRINGFIELD	  	VA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01462
	  	TIRE/BATTERY/AUTO	  	6699 SPRINGFIELD MALL	  	SPRINGFIELD	  	VA	  	Sublease to Third party	  	J.C. Penney Properties, Inc.
	 01467
	  	MAIN STORE	  	5500 BUCKEYSTOWN PIKE	  	FREDERICK	  	MD	  	Lease	  	J.C. Penney Corporation, Inc.
	 01475
	  	MAIN STORE	  	27001 US HWY 19 N	  	CLEARWATER	  	FL	  	Fee	  	J.C. Penney Properties, Inc.
	 01475
	  	MAIN STORE	  	27001 US HWY 19 N	  	CLEARWATER	  	FL	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01480
	  	MAIN STORE	  	4510 E CACTUS RD	  	PHOENIX	  	AZ	  	Fee	  	J.C. Penney Properties, Inc.
	 01480
	  	MAIN STORE	  	4510 E CACTUS RD	  	PHOENIX	  	AZ	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.

													
	 01481
	  	MAIN STORE	  	201 WESTSHORE PLAZA	  	TAMPA	  	FL	  	Lease	  	J.C. Penney Corporation, Inc.
	 01481
	  	TIRE/BATTERY/AUTO	  	201 WESTSHORE PLAZA	  	TAMPA	  	FL	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01487
	  	MAIN STORE	  	1129 N BALDWIN AVE STE 200	  	MARION	  	IN	  	Lease	  	J.C. Penney Corporation, Inc.
	 01489
	  	MAIN STORE	  	5522 SHAFFER RD STE 09	  	DU BOIS	  	PA	  	Lease	  	J.C. Penney Corporation, Inc.
	 01493
	  	MAIN STORE	  	100 FRANKLIN ST UNIT F	  	WESTERLY	  	RI	  	Lease	  	J.C. Penney Corporation, Inc.
	 01503
	  	MAIN STORE	  	1925 E MARKET ST	  	HARRISONBURG	  	VA	  	Lease	  	J.C. Penney Corporation, Inc.
	 01505
	  	MAIN STORE	  	1203 PLAZA DR	  	WEST COVINA	  	CA	  	Fee	  	J.C. Penney Properties, Inc.
	 01505
	  	MAIN STORE	  	1203 PLAZA DR	  	WEST COVINA	  	CA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01509
	  	MAIN STORE	  	800 CODDINGTOWN CTR	  	SANTA ROSA	  	CA	  	Lease	  	J.C. Penney Corporation, Inc.
	 01509
	  	TIRE/BATTERY/AUTO	  	800 CODDINGTOWN CTR	  	SANTA ROSA	  	CA	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01510
	  	MAIN STORE	  	1303 NIAGARA FALLS BLVD	  	AMHERST	  	NY	  	Fee	  	J.C. Penney Properties, Inc.
	 01510
	  	MAIN STORE	  	1303 NIAGARA FALLS BLVD	  	AMHERST	  	NY	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01512
	  	MAIN STORE	  	1228 MAIN ST	  	DELANO	  	CA	  	Lease	  	J.C. Penney Corporation, Inc.
	 01514
	  	MAIN STORE	  	303 301 BLVD W STE 701	  	BRADENTON	  	FL	  	Lease	  	J.C. Penney Corporation, Inc.
	 01514
	  	TIRE/BATTERY/AUTO	  	303 301 BLVD W STE 701	  	BRADENTON	  	FL	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01529
	  	MAIN STORE	  	755 STATE RT 18 STE 600	  	E BRUNSWICK	  	NJ	  	Fee	  	J.C. Penney Properties, Inc.
	 01529
	  	MAIN STORE	  	755 STATE RT 18 STE 600	  	E BRUNSWICK	  	NJ	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01531
	  	MAIN STORE	  	2300 E LINCOLN HWY	  	LANGHORNE	  	PA	  	Lease	  	J.C. Penney Corporation, Inc.
	 01531
	  	TIRE/BATTERY/AUTO	  	2300 E LINCOLN HWY	  	LANGHORNE	  	PA	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01535
	  	MAIN STORE	  	101 CLEARVIEW CIRCLE	  	BUTLER	  	PA	  	Lease	  	J.C. Penney Corporation, Inc.
	 01539
	  	MAIN STORE	  	555 W GRAND AVE STE M-1	  	WISCONSIN RAPIDS	  	WI	  	Lease	  	J.C. Penney Corporation, Inc.
	 01542
	  	MAIN STORE	  	7601 S CICERO AVE	  	CHICAGO	  	IL	  	Lease	  	J.C. Penney Corporation, Inc.
	 01559
	  	MAIN STORE	  	2400 EDGEWOOD RD SW	  	CEDAR RAPIDS	  	IA	  	Lease	  	J.C. Penney Corporation, Inc.
	 01572
	  	MAIN STORE	  	6000 S HANNUM AVE	  	CULVER CITY	  	CA	  	Fee	  	J.C. Penney Properties, Inc.
	 01572
	  	MAIN STORE	  	6000 S HANNUM AVE	  	CULVER CITY	  	CA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01580
	  	MAIN STORE	  	3225 28TH ST SE	  	GRAND RAPIDS	  	MI	  	Fee	  	J.C. Penney Properties, Inc.
	 01580
	  	MAIN STORE	  	3225 28TH ST SE	  	GRAND RAPIDS	  	MI	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01587
	  	MAIN STORE	  	550 S GEAR AVE	  	W BURLINGTON	  	IA	  	Lease	  	J.C. Penney Corporation, Inc.
	 01587
	  	TIRE/BATTERY/AUTO	  	550 S GEAR AVE	  	W BURLINGTON	  	IA	  	Lease	  	J.C. Penney Corporation, Inc.
	 01589
	  	MAIN STORE	  	3575 MAPLE AVE	  	ZANESVILLE	  	OH	  	Lease	  	J.C. Penney Corporation, Inc.
	 01590
	  	MAIN STORE	  	4600 W KELLOGG RD	  	WICHITA	  	KS	  	Fee	  	J.C. Penney Properties, Inc.
	 01590
	  	MAIN STORE	  	4600 W KELLOGG RD	  	WICHITA	  	KS	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01591
	  	MAIN STORE	  	22 CLIFTON COUNTRY RD STE 2	  	CLIFTON PARK	  	NY	  	Lease	  	J.C. Penney Corporation, Inc.
	 01603
	  	MAIN STORE	  	4217 SIX FORKS RD STE 100	  	RALEIGH	  	NC	  	Lease	  	J.C. Penney Corporation, Inc.
	 01603
	  	TIRE/BATTERY/AUTO	  	4217 SIX FORKS RD STE 100	  	RALEIGH	  	NC	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01612
	  	HOME STORE	  	10201 UNIVERSITY AVENUE	  	CLIVE	  	IA	  	Lease	  	J.C. Penney Corporation, Inc.
	 01612
	  	MAIN STORE	  	1551 VALLEY WEST DR	  	W DES MOINES	  	IA	  	Lease	  	J.C. Penney Corporation, Inc.
	 01614
	  	MAIN STORE	  	5100 MONTCLAIR PLAZA LANE	  	MONTCLAIR	  	CA	  	Lease	  	J.C. Penney Corporation, Inc.
	 01618
	  	MAIN STORE	  	25 MIRACLE MILE DR	  	ROCHESTER	  	NY	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 01618
	  	MAIN STORE	  	25 MIRACLE MILE DR	  	ROCHESTER	  	NY	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01623
	  	MAIN STORE	  	27150 NOVI RD	  	NOVI	  	MI	  	Fee	  	J.C. Penney Properties, Inc.
	 01623
	  	MAIN STORE	  	27150 NOVI RD	  	NOVI	  	MI	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01628
	  	MAIN STORE	  	1607 3RD AVE W	  	DICKINSON	  	ND	  	Lease	  	J.C. Penney Corporation, Inc.
	 01635
	  	MAIN STORE	  	1826 S MAIN ST	  	MARYVILLE	  	MO	  	Lease	  	J.C. Penney Corporation, Inc.
	 01650
	  	MAIN STORE	  	301 COX CREEK PKWY (RT 133)	  	FLORENCE	  	AL	  	Lease	  	J.C. Penney Corporation, Inc.
	 01674
	  	MAIN STORE	  	PO BOX 4220	  	BARBOURSVILLE	  	WV	  	Fee	  	J.C. Penney Properties, Inc.
	 01674
	  	MAIN STORE	  	PO BOX 4220	  	BARBOURSVILLE	  	WV	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01693
	  	MAIN STORE	  	1400 N TURNER ST	  	HOBBS	  	NM	  	Lease	  	J.C. Penney Corporation, Inc.
	 01698
	  	MAIN STORE	  	5000 FREDERICA ST	  	OWENSBORO	  	KY	  	Lease	  	J.C. Penney Corporation, Inc.
	 01704
	  	MAIN STORE	  	4803 OUTER LOOP RD	  	LOUISVILLE	  	KY	  	Fee	  	J.C. Penney Properties, Inc.
	 01704
	  	MAIN STORE	  	4803 OUTER LOOP RD	  	LOUISVILLE	  	KY	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01717
	  	MAIN STORE	  	115 TIMES SQ MALL	  	MT VERNON	  	IL	  	Lease	  	J.C. Penney Corporation, Inc.
	 01722
	  	MAIN STORE	  	840 MILL CREEK MALL	  	ERIE	  	PA	  	Lease	  	J.C. Penney Corporation, Inc.
	 01722
	  	TIRE/BATTERY/AUTO	  	840 MILL CREEK MALL	  	ERIE	  	PA	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01738
	  	MAIN STORE	  	1051 GREEN ACRES MALL	  	VALLEY STREAM L I	  	NY	  	Lease	  	J.C. Penney Corporation, Inc.
	 01749
	  	MAIN STORE	  	2400 RICHMOND RD STE 61	  	TEXARKANA	  	TX	  	Lease	  	J.C. Penney Corporation, Inc.
	 01751
	  	MAIN STORE	  	205 W BLACKSTOCK RD STE 8	  	SPARTANBURG	  	SC	  	Lease	  	J.C. Penney Corporation, Inc.
	 01761
	  	MAIN STORE	  	502 GARDEN STATE PLAZA	  	PARAMUS	  	NJ	  	Lease	  	J.C. Penney Corporation, Inc.
	 01775
	  	MAIN STORE	  	850 KIRKWOOD MALL	  	BISMARCK	  	ND	  	Lease	  	J.C. Penney Corporation, Inc.
	 01778
	  	MAIN STORE	  	2200 N TUSTIN ST	  	ORANGE	  	CA	  	Lease	  	J.C. Penney Corporation, Inc.
	 01779
	  	MAIN STORE	  	300 STROUD MALL	  	STROUDSBURG	  	PA	  	Lease	  	J.C. Penney Corporation, Inc.
	 01781
	  	MAIN STORE	  	2115 W ROOSEVELT BLVD	  	MONROE	  	NC	  	Lease	  	J.C. Penney Corporation, Inc.
	 01783
	  	MAIN STORE	  	1224 E TIPTON ST	  	SEYMOUR	  	IN	  	Lease	  	J.C. Penney Corporation, Inc.
	 01786
	  	MAIN STORE	  	1701 MACFARLAND BLVD E	  	TUSCALOOSA	  	AL	  	Fee	  	J.C. Penney Properties, Inc.
	 01786
	  	MAIN STORE	  	1701 MACFARLAND BLVD E	  	TUSCALOOSA	  	AL	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 01786
	  	MAIN STORE	  	1701 MACFARLAND BLVD E	  	TUSCALOOSA	  	AL	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01787
	  	MAIN STORE	  	1500 CANTON RD	  	AKRON	  	OH	  	Lease	  	J.C. Penney Corporation, Inc.
	 01794
	  	HOME STORE	  	910 S. RAINBOW BOULEVARD	  	LAS VEGAS	  	NV	  	Lease	  	J.C. Penney Corporation, Inc.
	 01794
	  	MAIN STORE	  	4400 MEADOWS LANE	  	LAS VEGAS	  	NV	  	Fee	  	J.C. Penney Properties, Inc.
	 01794
	  	MAIN STORE	  	4400 MEADOWS LANE	  	LAS VEGAS	  	NV	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01800
	  	MAIN STORE	  	265 PINE AVE	  	SNOHOMISH	  	WA	  	Lease	  	J.C. Penney Corporation, Inc.
	 01811
	  	MAIN STORE	  	21840 S HAWTHORNE BLVD	  	TORRANCE	  	CA	  	Lease	  	J.C. Penney Corporation, Inc.
	 01816
	  	MAIN STORE	  	7850 MENTOR AVE STE 930	  	MENTOR	  	OH	  	Lease	  	J.C. Penney Corporation, Inc.
	 01823
	  	MAIN STORE	  	8900 NE VANCOUVER MALL DR	  	VANCOUVER	  	WA	  	Fee	  	J.C. Penney Properties, Inc.
	 01823
	  	MAIN STORE	  	8900 NE VANCOUVER MALL DR	  	VANCOUVER	  	WA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01829
	  	MAIN STORE	  	1442 US HWY 45 N	  	COLUMBUS	  	MS	  	Lease	  	J.C. Penney Corporation, Inc.
	 01831
	  	MAIN STORE	  	3202 ARTIC BLVD	  	ANCHORAGE	  	AK	  	Fee	  	J.C. Penney Properties, Inc.
	 01831
	  	MAIN STORE	  	3202 ARTIC BLVD	  	ANCHORAGE	  	AK	  	Fee	  	J.C. Penney Properties, Inc.

													
	 01831
	  	MAIN STORE	  	3202 ARTIC BLVD	  	ANCHORAGE	  	AK	  	Sublease to Third party	  	J.C. Penney Properties, Inc.
	 01831
	  	MAIN STORE	  	3202 ARTIC BLVD	  	ANCHORAGE	  	AK	  	Sublease to Third party	  	J.C. Penney Properties, Inc.
	 01832
	  	MAIN STORE	  	3236 KIRKWOOD HWY	  	WILMINGTON	  	DE	  	Lease	  	J.C. Penney Corporation, Inc.
	 01832
	  	TIRE/BATTERY/AUTO	  	3236 KIRKWOOD HWY	  	WILMINGTON	  	DE	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01842
	  	MAIN STORE	  	2115 S MOONEY BLVD	  	VISALIA	  	CA	  	Sale Leaseback	  	J.C. Penney Corporation, Inc.
	 01844
	  	MAIN STORE	  	340 SOUTHLAND MALL	  	HAYWARD	  	CA	  	Lease	  	J.C. Penney Corporation, Inc.
	 01844
	  	TIRE/BATTERY/AUTO	  	340 SOUTHLAND MALL	  	HAYWARD	  	CA	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01845
	  	MAIN STORE	  	305 LIBERTY ST NE	  	SALEM	  	OR	  	Lease	  	J.C. Penney Corporation, Inc.
	 01847
	  	MAIN STORE	  	1200 E BROAD AVE	  	ROCKINGHAM	  	NC	  	Lease	  	J.C. Penney Corporation, Inc.
	 01853
	  	MAIN STORE	  	4300 TUSCARAWAS ST W	  	CANTON	  	OH	  	Lease	  	J.C. Penney Corporation, Inc.
	 01853
	  	TIRE/BATTERY/AUTO	  	4300 TUSCARAWAS ST W	  	CANTON	  	OH	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01858
	  	MAIN STORE	  	1075 N BRIDGE ST	  	CHILLICOTHE	  	OH	  	Lease	  	J.C. Penney Corporation, Inc.
	 01859
	  	MAIN STORE	  	2400 ELIDA RD	  	LIMA	  	OH	  	Lease	  	J.C. Penney Corporation, Inc.
	 01859
	  	TIRE/BATTERY/AUTO	  	2400 ELIDA RD	  	LIMA	  	OH	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01860
	  	MAIN STORE	  	4199 NATIONAL RD E	  	RICHMOND	  	IN	  	Lease	  	J.C. Penney Corporation, Inc.
	 01862
	  	MAIN STORE	  	4125 CLEVELAND AVE STE 903	  	FORT MYERS	  	FL	  	Lease	  	J.C. Penney Corporation, Inc.
	 01862
	  	TIRE/BATTERY/AUTO	  	4125 CLEVELAND AVE STE 903	  	FORT MYERS	  	FL	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01867
	  	MAIN STORE	  	117 S 25TH ST STE 1	  	FORT DODGE	  	IA	  	Lease	  	J.C. Penney Corporation, Inc.
	 01868
	  	MAIN STORE	  	420 HUCK FINN S/C	  	HANNIBAL	  	MO	  	Lease	  	J.C. Penney Corporation, Inc.
	 01869
	  	MAIN STORE	  	8200 PERRY HALL BLVD	  	BALTIMORE	  	MD	  	Fee	  	J.C. Penney Properties, Inc.
	 01869
	  	MAIN STORE	  	8200 PERRY HALL BLVD	  	BALTIMORE	  	MD	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01870
	  	MAIN STORE	  	3702 FREDERICK AVE STE 7	  	SAINT JOSEPH	  	MO	  	Lease	  	J.C. Penney Corporation, Inc.
	 01870
	  	TIRE/BATTERY/AUTO	  	3702 FREDERICK AVE STE 7	  	SAINT JOSEPH	  	MO	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01871
	  	MAIN STORE	  	1321 S BROADWAY	  	SANTA MARIA	  	CA	  	Lease	  	J.C. Penney Corporation, Inc.
	 01874
	  	MAIN STORE	  	4101 W DIVISION ST	  	SAINT CLOUD	  	MN	  	Lease	  	J.C. Penney Corporation, Inc.
	 01876
	  	MAIN STORE	  	1603 E EMPIRE ST	  	BLOOMINGTON	  	IL	  	Lease	  	J.C. Penney Corporation, Inc.
	 01880
	  	MAIN STORE	  	1050 E 23RD ST	  	FREMONT	  	NE	  	Lease	  	J.C. Penney Corporation, Inc.
	 01886
	  	MAIN STORE	  	1300 N MILLER ST	  	WENATCHEE	  	WA	  	Lease	  	J.C. Penney Corporation, Inc.
	 01891
	  	MAIN STORE	  	3015 HWY 29 S	  	ALEXANDRIA	  	MN	  	Lease	  	J.C. Penney Corporation, Inc.
	 01899
	  	MAIN STORE	  	4621 EASTGATE BLVD	  	CINCINNATI	  	OH	  	Fee	  	J.C. Penney Properties, Inc.
	 01899
	  	MAIN STORE	  	4621 EASTGATE BLVD	  	CINCINNATI	  	OH	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01900
	  	MAIN STORE	  	714 GREENVILLE BLVD	  	GREENVILLE	  	NC	  	Lease	  	J.C. Penney Corporation, Inc.
	 01900
	  	TIRE/BATTERY/AUTO	  	714 GREENVILLE BLVD	  	GREENVILLE	  	NC	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01902
	  	MAIN STORE	  	4500 MIDWAY MALL	  	ELYRIA	  	OH	  	Lease	  	J.C. Penney Corporation, Inc.
	 01902
	  	TIRE/BATTERY/AUTO	  	4500 MIDWAY MALL	  	ELYRIA	  	OH	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01908
	  	MAIN STORE	  	2910 N ELM ST	  	LUMBERTON	  	NC	  	Lease	  	J.C. Penney Corporation, Inc.
	 01911
	  	MAIN STORE	  	90 LEE JACKSON HWY STE 1268	  	STAUNTON	  	VA	  	Lease	  	J.C. Penney Corporation, Inc.
	 01917
	  	TIRE/BATTERY/AUTO	  	880 N MILITARY HWY	  	NORFOLK	  	VA	  	Sublease to Third party	  	J.C. Penney Properties, Inc.
	 01919
	  	MAIN STORE	  	3100 M L KING JR BLVD STE 29	  	NEW BERN	  	NC	  	Lease	  	J.C. Penney Corporation, Inc.
	 01923
	  	MAIN STORE	  	2230 EASTRIDGE LOOP	  	SAN JOSE	  	CA	  	Lease	  	J.C. Penney Corporation, Inc.
	 01924
	  	MAIN STORE	  	900 EASTWOOD MALL	  	NILES	  	OH	  	Lease	  	J.C. Penney Corporation, Inc.
	 01927
	  	MAIN STORE	  	PO BOX 6002	  	VIENNA	  	WV	  	Lease	  	J.C. Penney Corporation, Inc.
	 01928
	  	MAIN STORE	  	4000 FT CAMPBELL BLVD	  	HOPKINSVILLE	  	KY	  	Lease	  	J.C. Penney Corporation, Inc.
	 01928
	  	TIRE/BATTERY/AUTO	  	4000 FT CAMPBELL BLVD	  	HOPKINSVILLE	  	KY	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01930
	  	MAIN STORE	  	2400 ROOSEVELT RD	  	MARINETTE	  	WI	  	Lease	  	J.C. Penney Corporation, Inc.
	 01932
	  	HOME STORE	  	7490 N Blackstone Ave	  	Fresno	  	CA	  	Lease	  	J.C. Penney Corporation, Inc.
	 01932
	  	MAIN STORE	  	555 E SHAW AVE	  	FRESNO	  	CA	  	Sale Leaseback	  	J.C. Penney Corporation, Inc.
	 01934
	  	MAIN STORE	  	1350 N MAIN ST	  	LOGAN	  	UT	  	Lease	  	J.C. Penney Corporation, Inc.
	 01935
	  	MAIN STORE	  	2825 W MAIN ST STE C	  	BOZEMAN	  	MT	  	Lease	  	J.C. Penney Corporation, Inc.
	 01936
	  	MAIN STORE	  	7401 MARKET ST	  	BOARDMAN	  	OH	  	Lease	  	J.C. Penney Corporation, Inc.
	 01936
	  	TIRE/BATTERY/AUTO	  	7401 MARKET ST	  	BOARDMAN	  	OH	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01937
	  	MAIN STORE	  	990 W 41ST ST	  	HIBBING	  	MN	  	Lease	  	J.C. Penney Corporation, Inc.
	 01939
	  	MAIN STORE	  	7000 TYRONE SQ	  	SAINT PETERSBURG	  	FL	  	Lease	  	J.C. Penney Corporation, Inc.
	 01939
	  	TIRE/BATTERY/AUTO	  	7000 TYRONE SQ	  	SAINT PETERSBURG	  	FL	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01940
	  	MAIN STORE	  	5350 S 76TH ST	  	GREENDALE	  	WI	  	Fee	  	J.C. Penney Properties, Inc.
	 01940
	  	MAIN STORE	  	5350 S 76TH ST	  	GREENDALE	  	WI	  	Sublease to Third party	  	J.C. Penney Properties, Inc.
	 01940
	  	TIRE/BATTERY/AUTO	  	5350 S 76TH ST	  	GREENDALE	  	WI	  	Sublease to Third party	  	J.C. Penney Properties, Inc.
	 01942
	  	MAIN STORE	  	90 W COUNTY CTR	  	DES PERES	  	MO	  	Fee	  	J.C. Penney Properties, Inc.
	 01943
	  	MAIN STORE	  	1105 MELBOURNE DR	  	HURST	  	TX	  	Lease	  	J.C. Penney Corporation, Inc.
	 01943
	  	TIRE/BATTERY/AUTO	  	1105 MELBOURNE DR	  	HURST	  	TX	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01944
	  	MAIN STORE	  	700 BROADWAY AVE E STE 1	  	MATTOON	  	IL	  	Lease	  	J.C. Penney Corporation, Inc.
	 01945
	  	MAIN STORE	  	2625 SCOTTSVILLE RD STE 40	  	BOWLING GREEN	  	KY	  	Lease	  	J.C. Penney Corporation, Inc.
	 01948
	  	MAIN STORE	  	3 WOODFIELD MALL	  	SCHAUMBURG	  	IL	  	Fee	  	J.C. Penney Properties, Inc.
	 01950
	  	MAIN STORE	  	6987 FRIARS RD	  	SAN DIEGO	  	CA	  	Ground Lease	  	J.C. Penney Corporation, Inc.
	 01950
	  	TIRE/BATTERY/AUTO	  	6987 FRIARS RD	  	SAN DIEGO	  	CA	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01951
	  	MAIN STORE	  	3401 DONNELL DR	  	FORESTVILLE	  	MD	  	Fee	  	J.C. Penney Properties, Inc.
	 01951
	  	MAIN STORE	  	3401 DONNELL DR	  	FORESTVILLE	  	MD	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01953
	  	MAIN STORE	  	1655 W 49TH ST STE 1200	  	HIALEAH	  	FL	  	Lease	  	J.C. Penney Corporation, Inc.
	 01953
	  	TIRE/BATTERY/AUTO	  	1655 W 49TH ST STE 1200	  	HIALEAH	  	FL	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01956
	  	MAIN STORE	  	8000 W BROWARD BLVD STE 900	  	PLANTATION	  	FL	  	Fee	  	J.C. Penney Properties, Inc.
	 01957
	  	MAIN STORE	  	200 SOUTHDALE CTR	  	EDINA	  	MN	  	Fee	  	J.C. Penney Properties, Inc.
	 01958
	  	LAND	  	6455 EASTEX FRWY	  	BEAUMONT	  	TX	  	Sublease to Third party	  	J.C. Penney Properties, Inc.
	 01958
	  	MAIN STORE	  	6455 EASTEX FRWY	  	BEAUMONT	  	TX	  	Fee	  	J.C. Penney Properties, Inc.
	 01958
	  	MAIN STORE	  	6455 EASTEX FRWY	  	BEAUMONT	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01958
	  	TIRE/BATTERY/AUTO	  	6455 EASTEX FRWY	  	BEAUMONT	  	TX	  	Sublease to Third party	  	J.C. Penney Properties, Inc.
	 01959
	  	MAIN STORE	  	1122 EL CAMINO REAL	  	SAN BRUNO	  	CA	  	Fee	  	J.C. Penney Properties, Inc.
	 01960
	  	MAIN STORE	  	3605 GALLERIA AT TYLER	  	RIVERSIDE	  	CA	  	Fee	  	J.C. Penney Properties, Inc.
	 01960
	  	MAIN STORE	  	3605 GALLERIA AT TYLER	  	RIVERSIDE	  	CA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01961
	  	MAIN STORE	  	5111 ROGERS AVE	  	FORT SMITH	  	AR	  	Lease	  	J.C. Penney Corporation, Inc.
	 01961
	  	TIRE/BATTERY/AUTO	  	5111 ROGERS AVE	  	FORT SMITH	  	AR	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01962
	  	MAIN STORE	  	4840 BRIARCLIFF RD NE	  	ATLANTA	  	GA	  	Sale Leaseback	  	J.C. Penney Corporation, Inc.

													
	 01963
	  	MAIN STORE	  	320 W KIMBERLY RD STE 409	  	DAVENPORT	  	IA	  	Fee	  	J.C. Penney Properties, Inc.
	 01963
	  	MAIN STORE	  	320 W KIMBERLY RD STE 409	  	DAVENPORT	  	IA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01965
	  	MAIN STORE	  	1000 RIVERGATE PKWY STE 3	  	GOODLETTSVILLE	  	TN	  	Fee	  	J.C. Penney Properties, Inc.
	 01968
	  	MAIN STORE	  	34 WYOMING VALLEY MALL	  	WILKES BARRE	  	PA	  	Lease	  	J.C. Penney Corporation, Inc.
	 01968
	  	TIRE/BATTERY/AUTO	  	34 WYOMING VALLEY MALL	  	WILKES BARRE	  	PA	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01970
	  	MAIN STORE	  	1475 UPPER VALLEY PIKE	  	SPRINGFIELD	  	OH	  	Lease	  	J.C. Penney Corporation, Inc.
	 01970
	  	TIRE/BATTERY/AUTO	  	1475 UPPER VALLEY PIKE	  	SPRINGFIELD	  	OH	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01971
	  	MAIN STORE	  	4545 TRANSIT RD	  	WILLIAMSVILLE	  	NY	  	Lease	  	J.C. Penney Corporation, Inc.
	 01971
	  	TIRE/BATTERY/AUTO	  	4545 TRANSIT RD	  	WILLIAMSVILLE	  	NY	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01972
	  	MAIN STORE	  	4201 COLDWATER RD	  	FORT WAYNE	  	IN	  	Lease	  	J.C. Penney Corporation, Inc.
	 01972
	  	TIRE/BATTERY/AUTO	  	4201 COLDWATER RD	  	FORT WAYNE	  	IN	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01975
	  	MAIN STORE	  	301 NORTHGATE MALL	  	CHATTANOOGA	  	TN	  	Sale Leaseback	  	J.C. Penney Corporation, Inc.
	 01975
	  	TIRE/BATTERY/AUTO	  	301 NORTHGATE MALL	  	CHATTANOOGA	  	TN	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 01976
	  	MAIN STORE	  	2400 10TH ST SW	  	MINOT	  	ND	  	Lease	  	J.C. Penney Corporation, Inc.
	 01977
	  	MAIN STORE	  	1500 APALACHEE PKWY	  	TALLAHASSEE	  	FL	  	Ground Lease	  	J.C. Penney Corporation, Inc.
	 01979
	  	MAIN STORE	  	3535 S LINDEN RD	  	FLINT	  	MI	  	Fee	  	J.C. Penney Properties, Inc.
	 01979
	  	MAIN STORE	  	3535 S LINDEN RD	  	FLINT	  	MI	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01980
	  	HOME STORE	  	7207 GRAPE ROAD	  	MISHAWAKA	  	IN	  	Lease	  	J.C. Penney Corporation, Inc.
	 01980
	  	MAIN STORE	  	6501 N GRAPE RD	  	MISHAWAKA	  	IN	  	Lease	  	J.C. Penney Corporation, Inc.
	 01981
	  	MAIN STORE	  	2901 BROOKS ST	  	MISSOULA	  	MT	  	Fee	  	J.C. Penney Properties, Inc.
	 01981
	  	MAIN STORE	  	2901 BROOKS ST	  	MISSOULA	  	MT	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01982
	  	MAIN STORE	  	6580 S WESTNEDGE AVE	  	PORTAGE	  	MI	  	Fee	  	J.C. Penney Properties, Inc.
	 01982
	  	MAIN STORE	  	6580 S WESTNEDGE AVE	  	PORTAGE	  	MI	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01983
	  	MAIN STORE	  	428 WOODBRIDGE CTR DR	  	WOODBRIDGE	  	NJ	  	Fee	  	J.C. Penney Properties, Inc.
	 01983
	  	MAIN STORE	  	428 WOODBRIDGE CTR DR	  	WOODBRIDGE	  	NJ	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01985
	  	MAIN STORE	  	550 CENTER ST	  	AUBURN	  	ME	  	Lease	  	J.C. Penney Corporation, Inc.
	 01987
	  	MAIN STORE	  	2400 N COLUMBIA ST (US 441N)	  	MILLEDGEVILLE	  	GA	  	Lease	  	J.C. Penney Corporation, Inc.
	 01989
	  	MAIN STORE	  	6000 SUNSET MALL	  	SAN ANGELO	  	TX	  	Fee	  	J.C. Penney Properties, Inc.
	 01989
	  	MAIN STORE	  	6000 SUNSET MALL	  	SAN ANGELO	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 01991
	  	MAIN STORE	  	99 BENNINGTON SQ	  	BENNINGTON	  	VT	  	Lease	  	J.C. Penney Corporation, Inc.
	 01992
	  	MAIN STORE	  	320 BYPASS 72 NW STE A	  	GREENWOOD	  	SC	  	Lease	  	J.C. Penney Corporation, Inc.
	 01993
	  	MAIN STORE	  	2011 N ROAN ST	  	JOHNSON CITY	  	TN	  	Lease	  	J.C. Penney Corporation, Inc.
	 01994
	  	MAIN STORE	  	3902 13TH AVE SW STE 200	  	FARGO	  	ND	  	Lease	  	J.C. Penney Corporation, Inc.
	 01995
	  	MAIN STORE	  	503 E IVES ST STE 200	  	MARSHFIELD	  	WI	  	Lease	  	J.C. Penney Corporation, Inc.
	 01997
	  	MAIN STORE	  	40 BATAVIA CITY CTR	  	BATAVIA	  	NY	  	Lease	  	J.C. Penney Corporation, Inc.
	 01998
	  	MAIN STORE	  	4600 N US HWY 89	  	FLAGSTAFF	  	AZ	  	Lease	  	J.C. Penney Corporation, Inc.
	 02006
	  	MAIN STORE	  	 3600 COUNTRY CLUB DR
 STOP 4
	  	JEFFERSON CITY	  	MO	  	Fee	  	J.C. Penney Properties, Inc.
	 02006
	  	MAIN STORE	  	 3600 COUNTRY CLUB DR
 STOP 4
	  	JEFFERSON CITY	  	MO	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02008
	  	MAIN STORE	  	2 FREEDOM MALL	  	ROME	  	NY	  	Lease	  	J.C. Penney Corporation, Inc.
	 02010
	  	MAIN STORE	  	7900 DAY DR	  	PARMA	  	OH	  	Lease	  	J.C. Penney Corporation, Inc.
	 02011
	  	MAIN STORE	  	18601 33RD AVE W	  	LYNNWOOD	  	WA	  	Fee	  	J.C. Penney Properties, Inc.
	 02011
	  	MAIN STORE	  	18601 33RD AVE W	  	LYNNWOOD	  	WA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02015
	  	MAIN STORE	  	626 BOLL WEEVIL CIR	  	ENTERPRISE	  	AL	  	Lease	  	J.C. Penney Corporation, Inc.
	 02018
	  	MAIN STORE	  	200 SW C AVE	  	LAWTON	  	OK	  	Lease	  	J.C. Penney Corporation, Inc.
	 02020
	  	MAIN STORE	  	1930 S LOOP 256	  	PALESTINE	  	TX	  	Lease	  	J.C. Penney Corporation, Inc.
	 02021
	  	MAIN STORE	  	6001 W WACO DR	  	WACO	  	TX	  	Lease	  	J.C. Penney Corporation, Inc.
	 02022
	  	MAIN STORE	  	367 RUSSELL ST STE A	  	HADLEY	  	MA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02024
	  	MAIN STORE	  	1639 E RIO RD	  	CHARLOTTESVILLE	  	VA	  	Fee	  	J.C. Penney Properties, Inc.
	 02024
	  	MAIN STORE	  	1639 E RIO RD	  	CHARLOTTESVILLE	  	VA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02025
	  	HOME STORE	  	MORGAN AVE (HWY 62) & GREEN RI	  	EVANSVILLE	  	IN	  	Lease	  	J.C. Penney Corporation, Inc.
	 02025
	  	MAIN STORE	  	800 N GREEN RIVER RD	  	EVANSVILLE	  	IN	  	Lease	  	J.C. Penney Corporation, Inc.
	 02034
	  	MAIN STORE	  	105 CROSSROADS MALL	  	MT HOPE	  	WV	  	Lease	  	J.C. Penney Corporation, Inc.
	 02036
	  	MAIN STORE	  	4511 N MIDKIFF RD	  	MIDLAND	  	TX	  	Fee	  	J.C. Penney Properties, Inc.
	 02036
	  	MAIN STORE	  	4511 N MIDKIFF RD	  	MIDLAND	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02038
	  	MAIN STORE	  	1180 BLOWING ROCK RD	  	BOONE	  	NC	  	Lease	  	J.C. Penney Corporation, Inc.
	 02039
	  	MAIN STORE	  	1410 SPARTA ST	  	MCMINNVILLE	  	TN	  	Lease	  	J.C. Penney Corporation, Inc.
	 02040
	  	MAIN STORE	  	2901 S CAPITOL OF TEXAS HWY	  	AUSTIN	  	TX	  	Fee	  	J.C. Penney Properties, Inc.
	 02040
	  	MAIN STORE	  	2901 S CAPITOL OF TEXAS HWY	  	AUSTIN	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02042
	  	MAIN STORE	  	400 SPOTSYLVANIA MALL	  	FREDERICKSBURG	  	VA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02043
	  	MAIN STORE	  	STATE HWY M-26	  	HOUGHTON	  	MI	  	Lease	  	J.C. Penney Corporation, Inc.
	 02044
	  	MAIN STORE	  	2334 OAKLAND AVE STE 8	  	INDIANA	  	PA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02045
	  	MAIN STORE	  	2400 8TH AVE SW STE A1	  	JAMESTOWN	  	ND	  	Lease	  	J.C. Penney Corporation, Inc.
	 02046
	  	MAIN STORE	  	1615 N HARRISON AVE	  	PIERRE	  	SD	  	Lease	  	J.C. Penney Corporation, Inc.
	 02047
	  	MAIN STORE	  	2121 US HWY 1 S STE A	  	SAINT AUGUSTINE	  	FL	  	Lease	  	J.C. Penney Corporation, Inc.
	 02048
	  	MAIN STORE	  	901 11TH AVE SW STE 34	  	SPENCER	  	IA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02049
	  	MAIN STORE	  	126 JACKSON ST	  	STERLING	  	CO	  	Lease	  	J.C. Penney Corporation, Inc.
	 02051
	  	MAIN STORE	  	120 WASHINGTON AVE EXT STE 40	  	ALBANY	  	NY	  	Lease	  	J.C. Penney Corporation, Inc.
	 02052
	  	MAIN STORE	  	22631 RT 68 STE 10	  	CLARION	  	PA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02055
	  	MAIN STORE	  	821 N CENTRAL EXPWY	  	PLANO	  	TX	  	Fee	  	J.C. Penney Properties, Inc.
	 02055
	  	MAIN STORE	  	821 N CENTRAL EXPWY	  	PLANO	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02058
	  	MAIN STORE	  	1400 DELL RANGE BLVD	  	CHEYENNE	  	WY	  	Lease	  	J.C. Penney Corporation, Inc.
	 02059
	  	MAIN STORE	  	5801 BECKLEY RD	  	BATTLE CREEK	  	MI	  	Fee	  	J.C. Penney Properties, Inc.
	 02059
	  	MAIN STORE	  	5801 BECKLEY RD	  	BATTLE CREEK	  	MI	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02060
	  	MAIN STORE	  	7804 ABERCORN ST	  	SAVANNAH	  	GA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02063
	  	MAIN STORE	  	RT 23 (RD 2)	  	ONEONTA	  	NY	  	Lease	  	J.C. Penney Corporation, Inc.
	 02064
	  	MAIN STORE	  	4501 CENTRAL AVE STE 103	  	HOT SPRINGS NAT PK	  	AR	  	Lease	  	J.C. Penney Corporation, Inc.
	 02065
	  	MAIN STORE	  	5304 W SAGINAW ST	  	LANSING	  	MI	  	Lease	  	J.C. Penney Corporation, Inc.
	 02066
	  	MAIN STORE	  	1982 W GRAND RIVER AVE STE 135	  	OKEMOS	  	MI	  	Lease	  	J.C. Penney Corporation, Inc.

													
	 02067
	  	MAIN STORE	  	1860 W MICHIGAN AVE	  	JACKSON	  	MI	  	Lease	  	J.C. Penney Corporation, Inc.
	 02068
	  	MAIN STORE	  	1800 FOUR SEASONS BLVD	  	HENDERSONVILLE	  	NC	  	Lease	  	J.C. Penney Corporation, Inc.
	 02069
	  	MAIN STORE	  	8001 S ORANGE BLOSSOM STE 700	  	ORLANDO	  	FL	  	Lease	  	J.C. Penney Corporation, Inc.
	 02071
	  	MAIN STORE	  	19525 BISCAYNE BLVD	  	AVENTURA	  	FL	  	Lease	  	J.C. Penney Corporation, Inc.
	 02074
	  	MAIN STORE	  	1910 WELLS RD	  	ORANGE PARK	  	FL	  	Lease	  	J.C. Penney Corporation, Inc.
	 02076
	  	MAIN STORE	  	2338 US 23 S	  	ALPENA	  	MI	  	Lease	  	J.C. Penney Corporation, Inc.
	 02079
	  	MAIN STORE	  	325 PIEDMONT DR	  	DANVILLE	  	VA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02080
	  	MAIN STORE	  	4601 E MAIN ST	  	FARMINGTON	  	NM	  	Lease	  	J.C. Penney Corporation, Inc.
	 02083
	  	MAIN STORE	  	401 LEE ST E	  	CHARLESTON	  	WV	  	Fee	  	J.C. Penney Properties, Inc.
	 02083
	  	MAIN STORE	  	401 LEE ST E	  	CHARLESTON	  	WV	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02085
	  	MAIN STORE	  	1500 N RIVERSIDE AVE	  	MEDFORD	  	OR	  	Lease	  	J.C. Penney Corporation, Inc.
	 02086
	  	MAIN STORE	  	5101 HINKLEVILLE RD STE 800	  	PADUCAH	  	KY	  	Lease	  	J.C. Penney Corporation, Inc.
	 02089
	  	MAIN STORE	  	905 N 12TH ST STE 10	  	MIDDLESBORO	  	KY	  	Lease	  	J.C. Penney Corporation, Inc.
	 02091
	  	MAIN STORE	  	700 MAINE MALL RD	  	SOUTH PORTLAND	  	ME	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02091
	  	MAIN STORE	  	700 MAINE MALL RD	  	SOUTH PORTLAND	  	ME	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02092
	  	MAIN STORE	  	1700 W NEW HAVEN AVE	  	MELBOURNE	  	FL	  	Lease	  	J.C. Penney Corporation, Inc.
	 02093
	  	MAIN STORE	  	700 TELSHOR BLVD STE 2000	  	LAS CRUCES	  	NM	  	Lease	  	J.C. Penney Corporation, Inc.
	 02096
	  	MAIN STORE	  	72900 HWY 111	  	PALM DESERT	  	CA	  	Fee	  	J.C. Penney Properties, Inc.
	 02096
	  	MAIN STORE	  	72900 HWY 111	  	PALM DESERT	  	CA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02098
	  	MAIN STORE	  	101 FOOTHILLS MALL	  	MARYVILLE	  	TN	  	Lease	  	J.C. Penney Corporation, Inc.
	 02099
	  	MAIN STORE	  	2320 E 17TH ST	  	IDAHO FALLS	  	ID	  	Lease	  	J.C. Penney Corporation, Inc.
	 02100
	  	MAIN STORE	  	1111 JACKSON AVE W	  	OXFORD	  	MS	  	Lease	  	J.C. Penney Corporation, Inc.
	 02101
	  	MAIN STORE	  	1300 ULSTER AVE MALL STE 210	  	KINGSTON	  	NY	  	Lease	  	J.C. Penney Corporation, Inc.
	 02102
	  	MAIN STORE	  	1695 ANNAPOLIS MALL	  	ANNAPOLIS	  	MD	  	Fee	  	J.C. Penney Properties, Inc.
	 02102
	  	MAIN STORE	  	1695 ANNAPOLIS MALL	  	ANNAPOLIS	  	MD	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02103
	  	MAIN STORE	  	455 S BIBB ST	  	EAGLE PASS	  	TX	  	Lease	  	J.C. Penney Corporation, Inc.
	 02104
	  	MAIN STORE	  	7925 FM 1960 RD STE 7000	  	HOUSTON	  	TX	  	Fee	  	J.C. Penney Properties, Inc.
	 02104
	  	MAIN STORE	  	7925 FM 1960 RD STE 7000	  	HOUSTON	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02105
	  	MAIN STORE	  	6834 WESLEY ST STE C	  	GREENVILLE	  	TX	  	Lease	  	J.C. Penney Corporation, Inc.
	 02108
	  	MAIN STORE	  	2000 SAN JACINTO MALL	  	BAYTOWN	  	TX	  	Fee	  	J.C. Penney Properties, Inc.
	 02108
	  	MAIN STORE	  	2000 SAN JACINTO MALL	  	BAYTOWN	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02110
	  	MAIN STORE	  	2100 S W S YOUNG DR STE 2000	  	KILLEEN	  	TX	  	Fee	  	J.C. Penney Properties, Inc.
	 02110
	  	MAIN STORE	  	2100 S W S YOUNG DR STE 2000	  	KILLEEN	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02115
	  	MAIN STORE	  	2000 MARTIN LUTHER KING JR BLV	  	PANAMA CITY	  	FL	  	Fee	  	J.C. Penney Properties, Inc.
	 02119
	  	MAIN STORE	  	922 RIVER FALLS ST	  	ANDALUSIA	  	AL	  	Lease	  	J.C. Penney Corporation, Inc.
	 02121
	  	MAIN STORE	  	4125 W OWEN K GARRIOTT RD	  	ENID	  	OK	  	Lease	  	J.C. Penney Corporation, Inc.
	 02122
	  	MAIN STORE	  	2500 W STATE ST STE 118	  	ALLIANCE	  	OH	  	Lease	  	J.C. Penney Corporation, Inc.
	 02123
	  	ADDITIONAL SPACE	  	2950 E TEXAS AVE	  	BOSSIER CITY	  	LA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02123
	  	MAIN STORE	  	2950 E TEXAS AVE	  	BOSSIER CITY	  	LA	  	Fee	  	J.C. Penney Properties, Inc.
	 02124
	  	MAIN STORE	  	3035 KNOXVILLE CENTER DR STE O	  	KNOXVILLE	  	TN	  	Lease	  	J.C. Penney Corporation, Inc.
	 02130
	  	MAIN STORE	  	10177 N KINGS HWY	  	MYRTLE BEACH	  	SC	  	Lease	  	J.C. Penney Corporation, Inc.
	 02131
	  	MAIN STORE	  	5901 UNIVERSITY DR	  	HUNTSVILLE	  	AL	  	Lease	  	J.C. Penney Corporation, Inc.
	 02132
	  	MAIN STORE	  	2076 9TH ST N	  	NAPLES	  	FL	  	Lease	  	J.C. Penney Corporation, Inc.
	 02135
	  	MAIN STORE	  	4501 N MAIN ST STE 9	  	ROSWELL	  	NM	  	Lease	  	J.C. Penney Corporation, Inc.
	 02136
	  	MAIN STORE	  	1600 11TH AVE	  	HELENA	  	MT	  	Lease	  	J.C. Penney Corporation, Inc.
	 02137
	  	MAIN STORE	  	3100 HWY 365	  	PORT ARTHUR	  	TX	  	Lease	  	J.C. Penney Corporation, Inc.
	 02138
	  	MAIN STORE	  	850 HARTFORD PIKE UNIT C	  	WATERFORD	  	CT	  	Lease	  	J.C. Penney Corporation, Inc.
	 02139
	  	MAIN STORE	  	9303 W ATLANTIC BLVD	  	CORAL SPRINGS	  	FL	  	Lease	  	J.C. Penney Corporation, Inc.
	 02140
	  	MAIN STORE	  	2006 S EXPY 83	  	HARLINGEN	  	TX	  	Fee	  	J.C. Penney Properties, Inc.
	 02140
	  	MAIN STORE	  	2006 S EXPY 83	  	HARLINGEN	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02144
	  	MAIN STORE	  	555 JOHN F KENNEDY RD	  	DUBUQUE	  	IA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02147
	  	MAIN STORE	  	1605 SOUTH FIRST STREET	  	WILLMAR	  	MN	  	Lease	  	J.C. Penney Corporation, Inc.
	 02152
	  	MAIN STORE	  	2390 CHESTNUT ST	  	ORANGEBURG	  	SC	  	Lease	  	J.C. Penney Corporation, Inc.
	 02153
	  	MAIN STORE	  	1041 SPRING LANE	  	SANFORD	  	NC	  	Lease	  	J.C. Penney Corporation, Inc.
	 02157
	  	MAIN STORE	  	100 S FEDERAL AVE STE 118A	  	MASON CITY	  	IA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02158
	  	MAIN STORE	  	810 S CASS ST	  	CORINTH	  	MS	  	Lease	  	J.C. Penney Corporation, Inc.
	 02159
	  	MAIN STORE	  	801 N CONGRESS AVE	  	BOYNTON BEACH	  	FL	  	Lease	  	J.C. Penney Corporation, Inc.
	 02160
	  	MAIN STORE	  	5453 W 88TH AVE	  	WESTMINSTER	  	CO	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02160
	  	MAIN STORE	  	5453 W 88TH AVE	  	WESTMINSTER	  	CO	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02163
	  	MAIN STORE	  	200 RIVER OAKS DR	  	CALUMET CITY	  	IL	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02163
	  	MAIN STORE	  	200 RIVER OAKS DR	  	CALUMET CITY	  	IL	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02165
	  	MAIN STORE	  	120 N DARTMOUTH MALL	  	NORTH DARTMOUTH	  	MA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02166
	  	MAIN STORE	  	1810 FORT JONES RD	  	YREKA	  	CA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02168
	  	MAIN STORE	  	1200 E COUNTY LINE RD	  	RIDGELAND	  	MS	  	Fee	  	J.C. Penney Properties, Inc.
	 02168
	  	MAIN STORE	  	1200 E COUNTY LINE RD	  	RIDGELAND	  	MS	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02169
	  	MAIN STORE	  	7701 W I-40 STE 600	  	AMARILLO	  	TX	  	Fee	  	J.C. Penney Properties, Inc.
	 02169
	  	MAIN STORE	  	7701 W I-40 STE 600	  	AMARILLO	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02171
	  	MAIN STORE	  	290 E VIA RANCHO PKWY	  	ESCONDIDO	  	CA	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02171
	  	MAIN STORE	  	290 E VIA RANCHO PKWY	  	ESCONDIDO	  	CA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02172
	  	MAIN STORE	  	1600 TOWN CENTER DR	  	MONTEBELLO	  	CA	  	Fee	  	J.C. Penney Properties, Inc.
	 02172
	  	MAIN STORE	  	1600 TOWN CENTER DR	  	MONTEBELLO	  	CA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02173
	  	MAIN STORE	  	ONE MALL BLVD	  	BRUNSWICK	  	GA	  	Fee	  	J.C. Penney Properties, Inc.
	 02173
	  	MAIN STORE	  	ONE MALL BLVD	  	BRUNSWICK	  	GA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02175
	  	MAIN STORE	  	4761 PECANLAND MALL DR	  	MONROE	  	LA	  	Fee	  	J.C. Penney Properties, Inc.
	 02175
	  	MAIN STORE	  	4761 PECANLAND MALL DR	  	MONROE	  	LA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02176
	  	MAIN STORE	  	101 MANHATTAN CTR	  	MANHATTAN	  	KS	  	Lease	  	J.C. Penney Corporation, Inc.
	 02177
	  	MAIN STORE	  	4832 VALLEY VIEW BLVD NW	  	ROANOKE	  	VA	  	Fee	  	J.C. Penney Properties, Inc.

													
	 02177
	  	MAIN STORE	  	4832 VALLEY VIEW BLVD NW	  	ROANOKE	  	VA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02178
	  	MAIN STORE	  	8106 N NAVARRO ST	  	VICTORIA	  	TX	  	Fee	  	J.C. Penney Properties, Inc.
	 02178
	  	MAIN STORE	  	8106 N NAVARRO ST	  	VICTORIA	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02183
	  	MAIN STORE	  	12335 JAMES ST	  	HOLLAND	  	MI	  	Lease	  	J.C. Penney Corporation, Inc.
	 02184
	  	MAIN STORE	  	1500 HARVEY RD	  	COLLEGE STATION	  	TX	  	Fee	  	J.C. Penney Properties, Inc.
	 02184
	  	MAIN STORE	  	1500 HARVEY RD	  	COLLEGE STATION	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02185
	  	MAIN STORE	  	4301 W WISCONSIN AVE	  	APPLETON	  	WI	  	Fee	  	J.C. Penney Properties, Inc.
	 02185
	  	MAIN STORE	  	4301 W WISCONSIN AVE	  	APPLETON	  	WI	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02188
	  	MAIN STORE	  	60 ELM PLAZA	  	WATERVILLE	  	ME	  	Lease	  	J.C. Penney Corporation, Inc.
	 02189
	  	MAIN STORE	  	300 A AVE W	  	OSKALOOSA	  	IA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02190
	  	MAIN STORE	  	224 N LOGAN BLVD	  	BURNHAM	  	PA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02192
	  	MAIN STORE	  	1500 E 11TH ST STE 1000	  	HUTCHINSON	  	KS	  	Lease	  	J.C. Penney Corporation, Inc.
	 02196
	  	MAIN STORE	  	201 S WASHINGTON ST	  	OWOSSO	  	MI	  	Lease	  	J.C. Penney Corporation, Inc.
	 02197
	  	MAIN STORE	  	2302 E KANSAS AVE	  	GARDEN CITY	  	KS	  	Lease	  	J.C. Penney Corporation, Inc.
	 02198
	  	MAIN STORE	  	2206 S BALTIMORE ST	  	KIRKSVILLE	  	MO	  	Lease	  	J.C. Penney Corporation, Inc.
	 02203
	  	MAIN STORE	  	1700 NORMAN DR	  	VALDOSTA	  	GA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02204
	  	MAIN STORE	  	1704 N DIXIE HWY	  	ELIZABETHTOWN	  	KY	  	Lease	  	J.C. Penney Corporation, Inc.
	 02207
	  	MAIN STORE	  	2813 N PRINCE ST	  	CLOVIS	  	NM	  	Lease	  	J.C. Penney Corporation, Inc.
	 02209
	  	MAIN STORE	  	2501 MING AVE	  	BAKERSFIELD	  	CA	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02209
	  	MAIN STORE	  	2501 MING AVE	  	BAKERSFIELD	  	CA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02210
	  	MAIN STORE	  	1600 INDUSTRIAL RD	  	EMPORIA	  	KS	  	Lease	  	J.C. Penney Corporation, Inc.
	 02211
	  	MAIN STORE	  	2350 SE WASHINGTON BLVD	  	BARTLESVILLE	  	OK	  	Lease	  	J.C. Penney Corporation, Inc.
	 02213
	  	MAIN STORE	  	301 N POPLAR	  	SEARCY	  	AR	  	Lease	  	J.C. Penney Corporation, Inc.
	 02217
	  	MAIN STORE	  	3140 VIRGINIA AVE	  	CONNERSVILLE	  	IN	  	Lease	  	J.C. Penney Corporation, Inc.
	 02218
	  	MAIN STORE	  	2300 RIVERCHASE GALLERIA	  	HOOVER	  	AL	  	Fee	  	J.C. Penney Properties, Inc.
	 02218
	  	MAIN STORE	  	2300 RIVERCHASE GALLERIA	  	HOOVER	  	AL	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02219
	  	MAIN STORE	  	150 NORTHSHORE BLVD	  	SLIDELL	  	LA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02220
	  	MAIN STORE	  	2700 LAKE RD	  	DYERSBURG	  	TN	  	Lease	  	J.C. Penney Corporation, Inc.
	 02223
	  	MAIN STORE	  	1801 N MAIN ST STE 14	  	MITCHELL	  	SD	  	Lease	  	J.C. Penney Corporation, Inc.
	 02224
	  	MAIN STORE	  	2 FINANCIAL PLAZA STE 100	  	HUNTSVILLE	  	TX	  	Lease	  	J.C. Penney Corporation, Inc.
	 02225
	  	MAIN STORE	  	1500 N CLINTON ST	  	DEFIANCE	  	OH	  	Lease	  	J.C. Penney Corporation, Inc.
	 02229
	  	MAIN STORE	  	PO BOX 29526	  	SANTA FE	  	NM	  	Fee	  	J.C. Penney Properties, Inc.
	 02229
	  	MAIN STORE	  	PO BOX 29526	  	SANTA FE	  	NM	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02231
	  	MAIN STORE	  	311 JACKSONVILLE MALL	  	JACKSONVILLE	  	NC	  	Lease	  	J.C. Penney Corporation, Inc.
	 02232
	  	MAIN STORE	  	5065 MAIN ST	  	TRUMBULL	  	CT	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02232
	  	MAIN STORE	  	5065 MAIN ST	  	TRUMBULL	  	CT	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02237
	  	MAIN STORE	  	6931 S MEMORIAL DR	  	TULSA	  	OK	  	Fee	  	J.C. Penney Properties, Inc.
	 02238
	  	MAIN STORE	  	1513 N KANSAS AVE	  	LIBERAL	  	KS	  	Lease	  	J.C. Penney Corporation, Inc.
	 02239
	  	MAIN STORE	  	2259 S 9TH ST	  	SALINA	  	KS	  	Lease	  	J.C. Penney Corporation, Inc.
	 02240
	  	MAIN STORE	  	201 SKYLINE DR STE 7	  	CONWAY	  	AR	  	Lease	  	J.C. Penney Corporation, Inc.
	 02241
	  	MAIN STORE	  	20 N MAIN ST	  	KALISPELL	  	MT	  	Lease	  	J.C. Penney Corporation, Inc.
	 02243
	  	MAIN STORE	  	300 BONNER MALL WAY STE 60	  	PONDERAY	  	ID	  	Lease	  	J.C. Penney Corporation, Inc.
	 02244
	  	MAIN STORE	  	1019 S WASHINGTON ST	  	NORTH ATTLEBORO	  	MA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02246
	  	MAIN STORE	  	2001 SOUTH RD (RT 9)	  	POUGHKEEPSIE	  	NY	  	Lease	  	J.C. Penney Corporation, Inc.
	 02247
	  	HOME STORE	  	292 DANIEL WEBSTER HWY	  	NASHUA	  	NH	  	Lease	  	J.C. Penney Corporation, Inc.
	 02247
	  	MAIN STORE	  	310 DANIEL WEBSTER HWY STE 103	  	NASHUA	  	NH	  	Fee	  	J.C. Penney Properties, Inc.
	 02247
	  	MAIN STORE	  	310 DANIEL WEBSTER HWY STE 103	  	NASHUA	  	NH	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02250
	  	MAIN STORE	  	50 FOX RUN RD STE 35	  	NEWINGTON	  	NH	  	Fee	  	J.C. Penney Properties, Inc.
	 02250
	  	MAIN STORE	  	50 FOX RUN RD STE 35	  	NEWINGTON	  	NH	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02256
	  	MAIN STORE	  	7 BACKUS AVE	  	DANBURY	  	CT	  	Fee	  	J.C. Penney Properties, Inc.
	 02256
	  	MAIN STORE	  	7 BACKUS AVE	  	DANBURY	  	CT	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02257
	  	MAIN STORE	  	2701 DAVID H MCLEOD BLVD	  	FLORENCE	  	SC	  	Lease	  	J.C. Penney Corporation, Inc.
	 02258
	  	MAIN STORE	  	3450 WRIGHTSBORO RD	  	AUGUSTA	  	GA	  	Fee	  	J.C. Penney Properties, Inc.
	 02258
	  	MAIN STORE	  	3450 WRIGHTSBORO RD	  	AUGUSTA	  	GA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02259
	  	MAIN STORE	  	1100 WESLEYAN BLVD	  	ROCKY MOUNT	  	NC	  	Lease	  	J.C. Penney Corporation, Inc.
	 02262
	  	MAIN STORE	  	301 N LINCOLN RD STE 100	  	ESCANABA	  	MI	  	Lease	  	J.C. Penney Corporation, Inc.
	 02263
	  	MAIN STORE	  	1006 ROSS PARK MALL DR	  	PITTSBURGH	  	PA	  	Fee	  	J.C. Penney Properties, Inc.
	 02263
	  	MAIN STORE	  	1006 ROSS PARK MALL DR	  	PITTSBURGH	  	PA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02265
	  	MAIN STORE	  	2901 PINES MALL DR STE A	  	PINE BLUFF	  	AR	  	Fee	  	J.C. Penney Properties, Inc.
	 02265
	  	MAIN STORE	  	2901 PINES MALL DR STE A	  	PINE BLUFF	  	AR	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02266
	  	MAIN STORE	  	2080 GREELEY MALL	  	GREELEY	  	CO	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02266
	  	MAIN STORE	  	2080 GREELEY MALL	  	GREELEY	  	CO	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02270
	  	MAIN STORE	  	771 S 30TH ST	  	HEATH	  	OH	  	Lease	  	J.C. Penney Corporation, Inc.
	 02272
	  	MAIN STORE	  	160 TYLER RD	  	RED WING	  	MN	  	Lease	  	J.C. Penney Corporation, Inc.
	 02274
	  	MAIN STORE	  	2801 GUTHRIE HWY STE 500	  	CLARKSVILLE	  	TN	  	Lease	  	J.C. Penney Corporation, Inc.
	 02275
	  	MAIN STORE	  	1615 POLE LINE RD E	  	TWIN FALLS	  	ID	  	Lease	  	J.C. Penney Corporation, Inc.
	 02276
	  	MAIN STORE	  	1260 GIBSON RD	  	WOODLAND	  	CA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02279
	  	MAIN STORE	  	4901 N KICKAPOO AVE STE 4000	  	SHAWNEE	  	OK	  	Fee	  	J.C. Penney Properties, Inc.
	 02279
	  	MAIN STORE	  	4901 N KICKAPOO AVE STE 4000	  	SHAWNEE	  	OK	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02281
	  	MAIN STORE	  	1724 VETERANS BLVD	  	MCCOMB	  	MS	  	Lease	  	J.C. Penney Corporation, Inc.
	 02282
	  	MAIN STORE	  	1600 RIVER VALLEY CIR N	  	LANCASTER	  	OH	  	Lease	  	J.C. Penney Corporation, Inc.
	 02284
	  	MAIN STORE	  	2301 W WORLEY	  	COLUMBIA	  	MO	  	Fee	  	J.C. Penney Properties, Inc.
	 02284
	  	MAIN STORE	  	2301 W WORLEY	  	COLUMBIA	  	MO	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02286
	  	MAIN STORE	  	21017 SALMON RUN MALL LOOP E	  	WATERTOWN	  	NY	  	Lease	  	J.C. Penney Corporation, Inc.
	 02287
	  	MAIN STORE	  	4405 BLACK HORSE PIKE	  	MAYS LANDING	  	NJ	  	Fee	  	J.C. Penney Properties, Inc.
	 02287
	  	MAIN STORE	  	4405 BLACK HORSE PIKE	  	MAYS LANDING	  	NJ	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.

													
	 02288
	  	MAIN STORE	  	501 N MAIN ST STE 118	  	MUSKOGEE	  	OK	  	Lease	  	J.C. Penney Corporation, Inc.
	 02290
	  	HOME STORE	  	6 SOUTHPARK MALL	  	COLONIAL HEIGHTS	  	VA	  	Ground Lease	  	J.C. Penney Corporation, Inc.
	 02290
	  	HOME STORE	  	6 Southpark Cir	  	Colonial Heights	  	VA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02290
	  	MAIN STORE	  	6 SOUTHPARK MALL	  	COLONIAL HTS	  	VA	  	Fee	  	J.C. Penney Properties, Inc.
	 02290
	  	MAIN STORE	  	6 SOUTHPARK MALL	  	COLONIAL HTS	  	VA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02294
	  	MAIN STORE	  	1480 CONCORD PKWY N	  	CONCORD	  	NC	  	Lease	  	J.C. Penney Corporation, Inc.
	 02296
	  	MAIN STORE	  	814 NC 24 27 BYP E	  	ALBEMARLE	  	NC	  	Lease	  	J.C. Penney Corporation, Inc.
	 02297
	  	MAIN STORE	  	10 MALL DR W	  	JERSEY CITY	  	NJ	  	Fee	  	J.C. Penney Properties, Inc.
	 02297
	  	MAIN STORE	  	10 MALL DR W	  	JERSEY CITY	  	NJ	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02298
	  	MAIN STORE	  	311 THREE RIVERS DR	  	KELSO	  	WA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02300
	  	MAIN STORE	  	415 NEW RIVER RD	  	CHRISTIANSBURG	  	VA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02303
	  	MAIN STORE	  	1970 US HWY 70 SE	  	HICKORY	  	NC	  	Fee	  	J.C. Penney Properties, Inc.
	 02303
	  	MAIN STORE	  	1970 US HWY 70 SE	  	HICKORY	  	NC	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02304
	  	MAIN STORE	  	1821 SW WANAMAKER RD	  	TOPEKA	  	KS	  	Fee	  	J.C. Penney Properties, Inc.
	 02304
	  	MAIN STORE	  	1821 SW WANAMAKER RD	  	TOPEKA	  	KS	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02309
	  	MAIN STORE	  	3382 NW FEDERAL HWY	  	JENSEN BEACH	  	FL	  	Lease	  	J.C. Penney Corporation, Inc.
	 02311
	  	MAIN STORE	  	1600 N Jackson St	  	Tullahoma	  	TN	  	Lease	  	J.C. Penney Corporation, Inc.
	 02312
	  	MAIN STORE	  	300 N MILWAUKEE ST	  	BOISE	  	ID	  	Fee	  	J.C. Penney Properties, Inc.
	 02312
	  	MAIN STORE	  	300 N MILWAUKEE ST	  	BOISE	  	ID	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02313
	  	MAIN STORE	  	60 SMITHFIELD BLVD	  	PLATTSBURGH	  	NY	  	Lease	  	J.C. Penney Corporation, Inc.
	 02316
	  	MAIN STORE	  	2601 DAWSON RD	  	ALBANY	  	GA	  	Fee	  	J.C. Penney Properties, Inc.
	 02316
	  	MAIN STORE	  	2601 DAWSON RD	  	ALBANY	  	GA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02317
	  	MAIN STORE	  	400 MILL AVE SE STE C2	  	NEW PHILADELPHIA	  	OH	  	Lease	  	J.C. Penney Corporation, Inc.
	 02320
	  	MAIN STORE	  	8501 W BOWLES AVE	  	LITTLETON	  	CO	  	Fee	  	J.C. Penney Properties, Inc.
	 02322
	  	MAIN STORE	  	1858 Service Dr	  	Winona	  	MN	  	Sale Leaseback	  	J.C. Penney Corporation, Inc.
	 02322
	  	MAIN STORE	  	1858 Service Dr	  	Winona	  	MN	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 02322
	  	MAIN STORE	  	1858 Service Dr	  	Winona	  	MN	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 02324
	  	MAIN STORE	  	435 E CLIFTY DR	  	MADISON	  	IN	  	Lease	  	J.C. Penney Corporation, Inc.
	 02326
	  	MAIN STORE	  	732 FREEMAN LANE	  	GRASS VALLEY	  	CA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02327
	  	MAIN STORE	  	10 BELLIS FAIR PKWY	  	BELLINGHAM	  	WA	  	Fee	  	J.C. Penney Properties, Inc.
	 02327
	  	MAIN STORE	  	10 BELLIS FAIR PKWY	  	BELLINGHAM	  	WA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02331
	  	MAIN STORE	  	1800 TIFFIN AVE	  	FINDLAY	  	OH	  	Lease	  	J.C. Penney Corporation, Inc.
	 02332
	  	MAIN STORE	  	655 CHESHIRE RD	  	LANESBOROUGH	  	MA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02333
	  	MAIN STORE	  	225 COLUMBIA MALL DR	  	BLOOMSBURG	  	PA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02338
	  	MAIN STORE	  	6000 TOWN EAST MALL	  	MESQUITE	  	TX	  	Fee	  	J.C. Penney Properties, Inc.
	 02339
	  	MAIN STORE	  	1015 W WILL ROGERS	  	CLAREMORE	  	OK	  	Lease	  	J.C. Penney Corporation, Inc.
	 02341
	  	MAIN STORE	  	63455 N HWY 97 STE 93	  	BEND	  	OR	  	Lease	  	J.C. Penney Corporation, Inc.
	 02342
	  	MAIN STORE	  	282 BERLIN MALL RD UNIT 19	  	BERLIN	  	VT	  	Lease	  	J.C. Penney Corporation, Inc.
	 02343
	  	MAIN STORE	  	987 E ASH ST	  	PIQUA	  	OH	  	Lease	  	J.C. Penney Corporation, Inc.
	 02344
	  	MAIN STORE	  	1007 N PINE ST	  	DERIDDER	  	LA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02345
	  	MAIN STORE	  	480 MAYBERRY MALL	  	MOUNT AIRY	  	NC	  	Lease	  	J.C. Penney Corporation, Inc.
	 02346
	  	MAIN STORE	  	3 S TUNNEL RD	  	ASHEVILLE	  	NC	  	Fee	  	J.C. Penney Properties, Inc.
	 02346
	  	MAIN STORE	  	3 S TUNNEL RD	  	ASHEVILLE	  	NC	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02347
	  	MAIN STORE	  	1441 TAMIAMI TRAIL	  	PORT CHARLOTTE	  	FL	  	Lease	  	J.C. Penney Corporation, Inc.
	 02348
	  	MAIN STORE	  	2252 25TH ST	  	COLUMBUS	  	IN	  	Lease	  	J.C. Penney Corporation, Inc.
	 02349
	  	MAIN STORE	  	3300 S AIRPORT RD W	  	TRAVERSE CITY	  	MI	  	Fee	  	J.C. Penney Properties, Inc.
	 02349
	  	MAIN STORE	  	3300 S AIRPORT RD W	  	TRAVERSE CITY	  	MI	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02353
	  	MAIN STORE	  	PO BOX 1070	  	SILVERDALE	  	WA	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02353
	  	MAIN STORE	  	PO BOX 1070	  	SILVERDALE	  	WA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02354
	  	MAIN STORE	  	 2010 YAKIMA VALLEY HWY
 J-1
	  	SUNNYSIDE	  	WA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02356
	  	MAIN STORE	  	1414 SOUTHERN HILLS CTR	  	WEST PLAINS	  	MO	  	Lease	  	J.C. Penney Corporation, Inc.
	 02357
	  	MAIN STORE	  	1350 PILGRIM LN	  	PLYMOUTH	  	IN	  	Lease	  	J.C. Penney Corporation, Inc.
	 02358
	  	MAIN STORE	  	1810 S WEST AVE	  	FREEPORT	  	IL	  	Lease	  	J.C. Penney Corporation, Inc.
	 02364
	  	MAIN STORE	  	3 WALDEN GALLERIA DR	  	CHEEKTOWAGA	  	NY	  	Lease	  	J.C. Penney Corporation, Inc.
	 02367
	  	MAIN STORE	  	6000 MAHONING AVE	  	YOUNGSTOWN	  	OH	  	Lease	  	J.C. Penney Corporation, Inc.
	 02368
	  	MAIN STORE	  	200 W HANLEY AVE	  	COEUR D ALENE	  	ID	  	Lease	  	J.C. Penney Corporation, Inc.
	 02369
	  	MAIN STORE	  	3501 W MAIN ST	  	NORMAN	  	OK	  	Lease	  	J.C. Penney Corporation, Inc.
	 02370
	  	MAIN STORE	  	4200 PORTSMOUTH BLVD	  	CHESAPEAKE	  	VA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02372
	  	MAIN STORE	  	328 ROBERT SMALLS PKWY	  	BEAUFORT	  	SC	  	Lease	  	J.C. Penney Corporation, Inc.
	 02373
	  	MAIN STORE	  	1752 W REELFOOT AVE	  	UNION CITY	  	TN	  	Lease	  	J.C. Penney Corporation, Inc.
	 02374
	  	MAIN STORE	  	1750 E RED CLIFFS DR	  	SAINT GEORGE	  	UT	  	Lease	  	J.C. Penney Corporation, Inc.
	 02375
	  	MAIN STORE	  	150 RICHLAND SQ	  	RICHLAND CENTER	  	WI	  	Lease	  	J.C. Penney Corporation, Inc.
	 02376
	  	MAIN STORE	  	2 STRATFORD SQ MALL	  	BLOOMINGDALE	  	IL	  	Lease	  	J.C. Penney Corporation, Inc.
	 02381
	  	MAIN STORE	  	300 GREENVILLE W DR STE 1	  	GREENVILLE	  	MI	  	Lease	  	J.C. Penney Corporation, Inc.
	 02382
	  	MAIN STORE	  	1550 N MITCHELL ST	  	CADILLAC	  	MI	  	Lease	  	J.C. Penney Corporation, Inc.
	 02385
	  	MAIN STORE	  	1199 COLUSA AVE	  	YUBA CITY	  	CA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02386
	  	MAIN STORE	  	9560 MALL RD	  	MORGANTOWN	  	WV	  	Lease	  	J.C. Penney Corporation, Inc.
	 02388
	  	MAIN STORE	  	1131 W RANCHO VISTA BLVD	  	PALMDALE	  	CA	  	Fee	  	J.C. Penney Properties, Inc.
	 02388
	  	MAIN STORE	  	1131 W RANCHO VISTA BLVD	  	PALMDALE	  	CA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02390
	  	MAIN STORE	  	1353 TUSCULUM BLVD	  	GREENEVILLE	  	TN	  	Lease	  	J.C. Penney Corporation, Inc.
	 02391
	  	MAIN STORE	  	300 CASCADE MALL DR	  	BURLINGTON	  	WA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02392
	  	MAIN STORE	  	1600 N STATE RT 50	  	BOURBONNAIS	  	IL	  	Fee	  	J.C. Penney Properties, Inc.
	 02392
	  	MAIN STORE	  	1600 N STATE RT 50	  	BOURBONNAIS	  	IL	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02396
	  	MAIN STORE	  	3225 STATE RT 364 STE 165	  	CANANDAIGUA	  	NY	  	Lease	  	J.C. Penney Corporation, Inc.
	 02398
	  	MAIN STORE	  	900 COMMONS DR STE 900	  	DOTHAN	  	AL	  	Fee	  	J.C. Penney Properties, Inc.
	 02398
	  	MAIN STORE	  	900 COMMONS DR STE 900	  	DOTHAN	  	AL	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02399
	  	MAIN STORE	  	975 AVE HOSTOS STE 320	  	MAYAGUEZ	  	Puerto Rico	  	Ground Lease	  	J.C. Penney Corporation, Inc.
	 02400
	  	MAIN STORE	  	1001 BARNES CROSSING RD STE300	  	TUPELO	  	MS	  	Lease	  	J.C. Penney Corporation, Inc.

													
	 02410
	  	MAIN STORE	  	2401 S STEMMONS FWY STE 4000	  	LEWISVILLE	  	TX	  	Fee	  	J.C. Penney Properties, Inc.
	 02410
	  	MAIN STORE	  	2401 S STEMMONS FWY STE 4000	  	LEWISVILLE	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02411
	  	MAIN STORE	  	2350 MIRACLE MILE RD #270	  	BULLHEAD CITY	  	AZ	  	Lease	  	J.C. Penney Corporation, Inc.
	 02414
	  	MAIN STORE	  	355 FLETCHER PKWY	  	EL CAJON	  	CA	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02414
	  	MAIN STORE	  	355 FLETCHER PKWY	  	EL CAJON	  	CA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02415
	  	MAIN STORE	  	15083 US 19 S	  	THOMASVILLE	  	GA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02416
	  	MAIN STORE	  	270 LOUDON RD	  	CONCORD	  	NH	  	Lease	  	J.C. Penney Corporation, Inc.
	 02417
	  	MAIN STORE	  	1105 WALNUT ST	  	CARY	  	NC	  	Lease	  	J.C. Penney Corporation, Inc.
	 02418
	  	MAIN STORE	  	3800 US HWY 98 N STE 200	  	LAKELAND	  	FL	  	Lease	  	J.C. Penney Corporation, Inc.
	 02419
	  	HOME STORE	  	6555 E. SOUTHERN AVE., STE 200	  	MESA	  	AZ	  	Lease	  	J.C. Penney Corporation, Inc.
	 02419
	  	MAIN STORE	  	6525 E SOUTHERN AVE	  	MESA	  	AZ	  	Fee	  	J.C. Penney Properties, Inc.
	 02423
	  	MAIN STORE	  	780 NW GARDEN VLY BLVD STE 160	  	ROSEBURG	  	OR	  	Lease	  	J.C. Penney Corporation, Inc.
	 02425
	  	MAIN STORE	  	2900 W WASHINGTON ST STE 92	  	STEPHENVILLE	  	TX	  	Lease	  	J.C. Penney Corporation, Inc.
	 02427
	  	MAIN STORE	  	278 BLACK GOLD BLVD	  	HAZARD	  	KY	  	Lease	  	J.C. Penney Corporation, Inc.
	 02428
	  	MAIN STORE	  	4400 24TH AVE	  	FORT GRATIOT	  	MI	  	Fee	  	J.C. Penney Properties, Inc.
	 02428
	  	MAIN STORE	  	4400 24TH AVE	  	FORT GRATIOT	  	MI	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02430
	  	MAIN STORE	  	10308 SOUTHSIDE BLVD	  	JACKSONVILLE	  	FL	  	Fee	  	J.C. Penney Properties, Inc.
	 02431
	  	MAIN STORE	  	1100-B HWY 260	  	COTTONWOOD	  	AZ	  	Lease	  	J.C. Penney Corporation, Inc.
	 02433
	  	MAIN STORE	  	11017 CAROLINA PLACE PKWY	  	PINEVILLE	  	NC	  	Lease	  	J.C. Penney Corporation, Inc.
	 02434
	  	HOME STORE	  	6600 MENAUL BLVD., N.E.	  	ALBUQUERQUE	  	NM	  	Lease	  	J.C. Penney Corporation, Inc.
	 02434
	  	MAIN STORE	  	6600 MENAUL BLVD NE STE 600	  	ALBUQUERQUE	  	NM	  	Fee	  	J.C. Penney Properties, Inc.
	 02436
	  	MAIN STORE	  	475 S ST LOUIS ST	  	BATESVILLE	  	AR	  	Lease	  	J.C. Penney Corporation, Inc.
	 02438
	  	MAIN STORE	  	1110 N QUINCY AVE	  	OTTUMWA	  	IA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02439
	  	MAIN STORE	  	1000 MALL RUN RD	  	UNIONTOWN	  	PA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02440
	  	MAIN STORE	  	300 LYCOMING MALL CIR STE 2043	  	PENNSDALE	  	PA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02442
	  	MAIN STORE	  	4481 S WHITE MOUNTAIN RD STE 5	  	SHOW LOW	  	AZ	  	Lease	  	J.C. Penney Corporation, Inc.
	 02443
	  	MAIN STORE	  	PO BOX 6110	  	WALDORF	  	MD	  	Fee	  	J.C. Penney Properties, Inc.
	 02443
	  	MAIN STORE	  	PO BOX 6110	  	WALDORF	  	MD	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02445
	  	MAIN STORE	  	6840 EASTMAN AVE	  	MIDLAND	  	MI	  	Fee	  	J.C. Penney Properties, Inc.
	 02445
	  	MAIN STORE	  	6840 EASTMAN AVE	  	MIDLAND	  	MI	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02447
	  	MAIN STORE	  	864 HWY 12 W	  	STARKVILLE	  	MS	  	Lease	  	J.C. Penney Corporation, Inc.
	 02449
	  	MAIN STORE	  	399 CAMPBELLSVILLE BYPASS	  	CAMPBELLSVILLE	  	KY	  	Lease	  	J.C. Penney Corporation, Inc.
	 02452
	  	MAIN STORE	  	300 MOUNT BERRY SQ NE	  	ROME	  	GA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02453
	  	MAIN STORE	  	6 MCKINLEY MALL	  	BLASDELL	  	NY	  	Lease	  	J.C. Penney Corporation, Inc.
	 02456
	  	MAIN STORE	  	11401 PINES BLVD	  	PEMBROKE PINES	  	FL	  	Fee	  	J.C. Penney Properties, Inc.
	 02457
	  	MAIN STORE	  	9559 DESTINY USA DR	  	SYRACUSE	  	NY	  	Lease	  	J.C. Penney Corporation, Inc.
	 02458
	  	MAIN STORE	  	1601 S BROAD	  	SCOTTSBORO	  	AL	  	Lease	  	J.C. Penney Corporation, Inc.
	 02460
	  	MAIN STORE	  	STATE RT 37-ST LAWRENCE CENTRE	  	MASSENA	  	NY	  	Lease	  	J.C. Penney Corporation, Inc.
	 02463
	  	MAIN STORE	  	140 MARSH AVE	  	STATEN ISLAND	  	NY	  	Fee	  	J.C. Penney Properties, Inc.
	 02464
	  	MAIN STORE	  	1201 BOSTON POST RD	  	MILFORD	  	CT	  	Lease	  	J.C. Penney Corporation, Inc.
	 02467
	  	MAIN STORE	  	1695 ARDEN WAY	  	SACRAMENTO	  	CA	  	Fee	  	J.C. Penney Properties, Inc.
	 02467
	  	MAIN STORE	  	1695 ARDEN WAY	  	SACRAMENTO	  	CA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02470
	  	MAIN STORE	  	413 MARKET SQ DR	  	MAYSVILLE	  	KY	  	Lease	  	J.C. Penney Corporation, Inc.
	 02472
	  	MAIN STORE	  	839 3RD AVE	  	JASPER	  	IN	  	Lease	  	J.C. Penney Corporation, Inc.
	 02474
	  	MAIN STORE	  	510 GATE CITY HWY SPACE 360	  	BRISTOL	  	VA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02477
	  	MAIN STORE	  	3710 HWY 9	  	FREEHOLD	  	NJ	  	Fee	  	J.C. Penney Properties, Inc.
	 02477
	  	MAIN STORE	  	3710 HWY 9	  	FREEHOLD	  	NJ	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02478
	  	MAIN STORE	  	1603 NW 107TH AVE	  	MIAMI	  	FL	  	Fee	  	J.C. Penney Properties, Inc.
	 02480
	  	MAIN STORE	  	22450 TOWN CIR	  	MORENO VALLEY	  	CA	  	Fee	  	J.C. Penney Properties, Inc.
	 02480
	  	MAIN STORE	  	22450 TOWN CIR	  	MORENO VALLEY	  	CA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02482
	  	MAIN STORE	  	5725 JOHNSTON ST	  	LAFAYETTE	  	LA	  	Fee	  	J.C. Penney Properties, Inc.
	 02482
	  	MAIN STORE	  	5725 JOHNSTON ST	  	LAFAYETTE	  	LA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02484
	  	MAIN STORE	  	4730 N DIVISION ST	  	SPOKANE	  	WA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02485
	  	MAIN STORE	  	560 GALLERIA DR	  	JOHNSTOWN	  	PA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02486
	  	MAIN STORE	  	5580 GOODS LN STE 2031	  	ALTOONA	  	PA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02488
	  	MAIN STORE	  	ONE N GALLERIA DR	  	MIDDLETOWN	  	NY	  	Lease	  	J.C. Penney Corporation, Inc.
	 02490
	  	MAIN STORE	  	231 GREECE RIDGE CTR DR	  	GREECE	  	NY	  	Fee	  	J.C. Penney Properties, Inc.
	 02491
	  	MAIN STORE	  	6 GALLERIA MALL DR	  	TAUNTON	  	MA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02494
	  	MAIN STORE	  	200 PAUL HUFF PKWY NW STE 44	  	CLEVELAND	  	TN	  	Lease	  	J.C. Penney Corporation, Inc.
	 02495
	  	MAIN STORE	  	1850 ADAMS ST STE 2	  	MANKATO	  	MN	  	Fee	  	J.C. Penney Properties, Inc.
	 02495
	  	MAIN STORE	  	1850 ADAMS ST STE 2	  	MANKATO	  	MN	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02496
	  	MAIN STORE	  	500 NEWPARK MALL	  	NEWARK	  	CA	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02496
	  	MAIN STORE	  	500 NEWPARK MALL	  	NEWARK	  	CA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02498
	  	MAIN STORE	  	2727 FAIRFIELD COMMONS BLVD	  	DAYTON	  	OH	  	Lease	  	J.C. Penney Corporation, Inc.
	 02503
	  	MAIN STORE	  	1201 E MAIN	  	CARBONDALE	  	IL	  	Lease	  	J.C. Penney Corporation, Inc.
	 02505
	  	LAND	  	1201 S DIRKSEN PKWY	  	SPRINGFIELD	  	IL	  	Sublease to Third party	  	J.C. Penney Properties, Inc.
	 02505
	  	MAIN STORE	  	1201 S DIRKSEN PKWY	  	SPRINGFIELD	  	IL	  	Fee	  	J.C. Penney Properties, Inc.
	 02505
	  	MAIN STORE	  	1201 S DIRKSEN PKWY	  	SPRINGFIELD	  	IL	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 02506
	  	MAIN STORE	  	2900 E LINCOLN WAY	  	STERLING	  	IL	  	Lease	  	J.C. Penney Corporation, Inc.
	 02506
	  	TIRE/BATTERY/AUTO	  	2900 E LINCOLN WAY	  	STERLING	  	IL	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 02507
	  	MAIN STORE	  	312 W PRIEN LAKE RD	  	LAKE CHARLES	  	LA	  	Fee	  	J.C. Penney Properties, Inc.
	 02507
	  	MAIN STORE	  	312 W PRIEN LAKE RD	  	LAKE CHARLES	  	LA	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02507
	  	MAIN STORE	  	312 W PRIEN LAKE RD	  	LAKE CHARLES	  	LA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02507
	  	MAIN STORE	  	312 W PRIEN LAKE RD	  	LAKE CHARLES	  	LA	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 02521
	  	MAIN STORE	  	9100 N SKYVIEW AVE	  	KANSAS CITY	  	MO	  	Fee	  	J.C. Penney Properties, Inc.
	 02521
	  	MAIN STORE	  	9100 N SKYVIEW AVE	  	KANSAS CITY	  	MO	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02522
	  	MAIN STORE	  	9056 N 121ST EAST AVE	  	OWASSO	  	OK	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02522
	  	MAIN STORE	  	9056 N 121ST EAST AVE	  	OWASSO	  	OK	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.

													
	 02523
	  	MAIN STORE	  	215 CREEKSIDE WAY	  	NEW BRAUNFELS	  	TX	  	Fee	  	J.C. Penney Properties, Inc.
	 02523
	  	MAIN STORE	  	215 CREEKSIDE WAY	  	NEW BRAUNFELS	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02524
	  	MAIN STORE	  	2421 CRANBERRY HWY STE 290	  	WAREHAM	  	MA	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02524
	  	MAIN STORE	  	2421 CRANBERRY HWY STE 290	  	WAREHAM	  	MA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02526
	  	MAIN STORE	  	7352 GLORY RD	  	BAXTER	  	MN	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02526
	  	MAIN STORE	  	7352 GLORY RD	  	BAXTER	  	MN	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02527
	  	MAIN STORE	  	500 WINCHESTER AVE	  	ASHLAND	  	KY	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02527
	  	MAIN STORE	  	500 WINCHESTER AVE	  	ASHLAND	  	KY	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02529
	  	MAIN STORE	  	11534 PARKSIDE DR	  	FARRAGUT	  	TN	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02529
	  	MAIN STORE	  	11534 PARKSIDE DR	  	FARRAGUT	  	TN	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02530
	  	MAIN STORE	  	1301 CENTER RD	  	AVON	  	OH	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02530
	  	MAIN STORE	  	1301 CENTER RD	  	AVON	  	OH	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02534
	  	MAIN STORE	  	501 C M FAGAN DR	  	HAMMOND	  	LA	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02534
	  	MAIN STORE	  	501 C M FAGAN DR	  	HAMMOND	  	LA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02613
	  	MAIN STORE	  	1932 E 20TH ST	  	CHICO	  	CA	  	Fee	  	J.C. Penney Properties, Inc.
	 02613
	  	MAIN STORE	  	1932 E 20TH ST	  	CHICO	  	CA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02614
	  	MAIN STORE	  	1710 S MAIN ST	  	BELLEFONTAINE	  	OH	  	Lease	  	J.C. Penney Corporation, Inc.
	 02616
	  	MAIN STORE	  	2940 WATSON BLVD	  	CENTERVILLE	  	GA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02617
	  	MAIN STORE	  	7600 KINGSTON PIKE STE 900	  	KNOXVILLE	  	TN	  	Fee	  	J.C. Penney Properties, Inc.
	 02617
	  	MAIN STORE	  	7600 KINGSTON PIKE STE 900	  	KNOXVILLE	  	TN	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02619
	  	MAIN STORE	  	10101 BROOK RD STE 800	  	GLEN ALLEN	  	VA	  	Fee	  	J.C. Penney Properties, Inc.
	 02619
	  	MAIN STORE	  	10101 BROOK RD STE 800	  	GLEN ALLEN	  	VA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02620
	  	MAIN STORE	  	515 S WESTWOOD	  	POPLAR BLUFF	  	MO	  	Lease	  	J.C. Penney Corporation, Inc.
	 02622
	  	MAIN STORE	  	2301 DEL PRADO BLVD STE 700	  	CAPE CORAL	  	FL	  	Lease	  	J.C. Penney Corporation, Inc.
	 02624
	  	MAIN STORE	  	3401 NICHOLASVILLE RD STE 116	  	LEXINGTON	  	KY	  	Ground Lease	  	J.C. Penney Corporation, Inc.
	 02625
	  	MAIN STORE	  	4370 I-75 BUSINESS SPUR	  	SAULT STE MARIE	  	MI	  	Lease	  	J.C. Penney Corporation, Inc.
	 02626
	  	MAIN STORE	  	1312 W SUNSET RD	  	HENDERSON	  	NV	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02626
	  	MAIN STORE	  	1312 W SUNSET RD	  	HENDERSON	  	NV	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02629
	  	MAIN STORE	  	1050 S BISHOP AVE	  	ROLLA	  	MO	  	Lease	  	J.C. Penney Corporation, Inc.
	 02631
	  	MAIN STORE	  	58000 TWENTY-NINE PALMS HWY	  	YUCCA VALLEY	  	CA	  	Fee	  	J.C. Penney Properties, Inc.
	 02631
	  	MAIN STORE	  	58000 TWENTY-NINE PALMS HWY	  	YUCCA VALLEY	  	CA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02632
	  	MAIN STORE	  	4 MID RIVERS MALL	  	SAINT PETERS	  	MO	  	Fee	  	J.C. Penney Properties, Inc.
	 02632
	  	MAIN STORE	  	4 MID RIVERS MALL	  	SAINT PETERS	  	MO	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02633
	  	MAIN STORE	  	3507 MANCHESTER EXPWY STE E	  	COLUMBUS	  	GA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02647
	  	MAIN STORE	  	210 ANDOVER ST	  	PEABODY	  	MA	  	Fee	  	J.C. Penney Properties, Inc.
	 02647
	  	MAIN STORE	  	210 ANDOVER ST	  	PEABODY	  	MA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02648
	  	MAIN STORE	  	400 BREA MALL	  	BREA	  	CA	  	Ground Lease	  	J.C. Penney Corporation, Inc.
	 02649
	  	HOME STORE	  	510 WESTMINSTER MALL	  	WESTMINSTER	  	CA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02649
	  	MAIN STORE	  	400 WESTMINSTER MALL	  	WESTMINSTER	  	CA	  	Ground Lease	  	J.C. Penney Corporation, Inc.
	 02650
	  	MAIN STORE	  	1050 LAYTON HILLS MALL	  	LAYTON	  	UT	  	Lease	  	J.C. Penney Corporation, Inc.
	 02651
	  	MAIN STORE	  	68 GATEWAY MALL	  	LINCOLN	  	NE	  	Fee	  	J.C. Penney Properties, Inc.
	 02651
	  	MAIN STORE	  	68 GATEWAY MALL	  	LINCOLN	  	NE	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02653
	  	MAIN STORE	  	4770 GOLF RD	  	EAU CLAIRE	  	WI	  	Fee	  	J.C. Penney Properties, Inc.
	 02653
	  	MAIN STORE	  	4770 GOLF RD	  	EAU CLAIRE	  	WI	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02654
	  	MAIN STORE	  	100 COMMERCIAL RD UNIT 180	  	LEOMINSTER	  	MA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02655
	  	MAIN STORE	  	90 W 5TH ST	  	DOUGLAS	  	AZ	  	Fee	  	J.C. Penney Properties, Inc.
	 02657
	  	MAIN STORE	  	939 NE D ST	  	GRANTS PASS	  	OR	  	Lease	  	J.C. Penney Corporation, Inc.
	 02660
	  	MAIN STORE	  	20505 S DIXIE HWY	  	MIAMI	  	FL	  	Lease	  	J.C. Penney Corporation, Inc.
	 02661
	  	MAIN STORE	  	4 Hawthorn Center	  	Vernon Hills	  	IL	  	Fee	  	J.C. Penney Properties, Inc.
	 02661
	  	MAIN STORE	  	4 Hawthorn Center	  	Vernon Hills	  	IL	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02662
	  	MAIN STORE	  	578 AVIATION RD STE 3	  	QUEENSBURY	  	NY	  	Lease	  	J.C. Penney Corporation, Inc.
	 02663
	  	MAIN STORE	  	377 S MILLS RD	  	VENTURA	  	CA	  	Fee	  	J.C. Penney Properties, Inc.
	 02663
	  	MAIN STORE	  	377 S MILLS RD	  	VENTURA	  	CA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02671
	  	MAIN STORE	  	2180 NE HWY 99 W	  	MCMINNVILLE	  	OR	  	Lease	  	J.C. Penney Corporation, Inc.
	 02672
	  	MAIN STORE	  	380 N COOPER DR	  	HENDERSON	  	NC	  	Lease	  	J.C. Penney Corporation, Inc.
	 02676
	  	MAIN STORE	  	1215 S MAIN ST	  	SIKESTON	  	MO	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02677
	  	MAIN STORE	  	9301 TAMPA AVE	  	NORTHRIDGE	  	CA	  	Fee	  	J.C. Penney Properties, Inc.
	 02678
	  	MAIN STORE	  	658 RICHLAND MALL	  	MANSFIELD	  	OH	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02678
	  	MAIN STORE	  	658 RICHLAND MALL	  	MANSFIELD	  	OH	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02679
	  	MAIN STORE	  	525 UNION ST	  	WATERBURY	  	CT	  	Lease	  	J.C. Penney Corporation, Inc.
	 02682
	  	MAIN STORE	  	1901 NW EXPWY STE 1200	  	OKLAHOMA CITY	  	OK	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02682
	  	MAIN STORE	  	1901 NW EXPWY STE 1200	  	OKLAHOMA CITY	  	OK	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02683
	  	MAIN STORE	  	17177 ROYALTON RD BOX 3	  	STRONGSVILLE	  	OH	  	Fee	  	J.C. Penney Properties, Inc.
	 02683
	  	MAIN STORE	  	17177 ROYALTON RD BOX 3	  	STRONGSVILLE	  	OH	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02685
	  	MAIN STORE	  	3851 S COOPER ST	  	ARLINGTON	  	TX	  	Fee	  	J.C. Penney Properties, Inc.
	 02685
	  	MAIN STORE	  	3851 S COOPER ST	  	ARLINGTON	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02687
	  	MAIN STORE	  	651 W WASHINGTON	  	SEQUIM	  	WA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02689
	  	MAIN STORE	  	2700 MIAMISBURG-CENTERVILLE RD	  	CENTERVILLE	  	OH	  	Lease	  	J.C. Penney Corporation, Inc.
	 02690
	  	MAIN STORE	  	1000 TURTLE CREEK DR	  	HATTIESBURG	  	MS	  	Fee	  	J.C. Penney Properties, Inc.
	 02690
	  	MAIN STORE	  	1000 TURTLE CREEK DR	  	HATTIESBURG	  	MS	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02692
	  	MAIN STORE	  	2422 W KETTLEMAN LANE	  	LODI	  	CA	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02692
	  	MAIN STORE	  	2422 W KETTLEMAN LANE	  	LODI	  	CA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02693
	  	MAIN STORE	  	3127 STOCKTON HILL RD	  	KINGMAN	  	AZ	  	Lease	  	J.C. Penney Corporation, Inc.
	 02695
	  	MAIN STORE	  	16280 DRESDEN AVE SPACE M	  	E LIVERPOOL	  	OH	  	Lease	  	J.C. Penney Corporation, Inc.

													
	 02696
	  	MAIN STORE	  	11200 LAKELINE MALL DR	  	CEDAR PARK	  	TX	  	Fee	  	J.C. Penney Properties, Inc.
	 02696
	  	MAIN STORE	  	11200 LAKELINE MALL DR	  	CEDAR PARK	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02697
	  	MAIN STORE	  	16529 SOUTHWEST FRWY	  	SUGARLAND	  	TX	  	Fee	  	J.C. Penney Properties, Inc.
	 02697
	  	MAIN STORE	  	16529 SOUTHWEST FRWY	  	SUGARLAND	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02698
	  	MAIN STORE	  	3100 NAGLEE RD	  	TRACY	  	CA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02700
	  	MAIN STORE	  	5083 TUTTLE CROSSING BLVD	  	DUBLIN	  	OH	  	Fee	  	J.C. Penney Properties, Inc.
	 02700
	  	MAIN STORE	  	5083 TUTTLE CROSSING BLVD	  	DUBLIN	  	OH	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02702
	  	MAIN STORE	  	197 WESTBANK EXPY STE 2	  	GRETNA	  	LA	  	Fee	  	J.C. Penney Properties, Inc.
	 02703
	  	MAIN STORE	  	2756 N GERMANTOWN PKWY	  	MEMPHIS	  	TN	  	Fee	  	J.C. Penney Properties, Inc.
	 02703
	  	MAIN STORE	  	2756 N GERMANTOWN PKWY	  	MEMPHIS	  	TN	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02704
	  	MAIN STORE	  	10000 COORS BYPASS NW	  	ALBUQUERQUE	  	NM	  	Fee	  	J.C. Penney Properties, Inc.
	 02704
	  	MAIN STORE	  	10000 COORS BYPASS NW	  	ALBUQUERQUE	  	NM	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02705
	  	MAIN STORE	  	501 EAGLE RIDGE DR	  	LAKE WALES	  	FL	  	Lease	  	J.C. Penney Corporation, Inc.
	 02706
	  	MAIN STORE	  	458 N VIRGINIA AVE	  	TIFTON	  	GA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02707
	  	MAIN STORE	  	2175 S KOELLER ST	  	OSHKOSH	  	WI	  	Lease	  	J.C. Penney Corporation, Inc.
	 02708
	  	MAIN STORE	  	573 DONALD LYNCH BLVD	  	MARLBOROUGH	  	MA	  	Fee	  	J.C. Penney Properties, Inc.
	 02708
	  	MAIN STORE	  	573 DONALD LYNCH BLVD	  	MARLBOROUGH	  	MA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02709
	  	MAIN STORE	  	4201 N SHILOH DR	  	FAYETTEVILLE	  	AR	  	Lease	  	J.C. Penney Corporation, Inc.
	 02712
	  	MAIN STORE	  	3501 CAPITAL CITY MALL	  	CAMP HILL	  	PA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02715
	  	MAIN STORE	  	14659 N US HWY 25 E STE 22	  	CORBIN	  	KY	  	Lease	  	J.C. Penney Corporation, Inc.
	 02716
	  	MAIN STORE	  	2215 MEMORIAL DR	  	WAYCROSS	  	GA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02718
	  	MAIN STORE	  	100 BAYCHESTER AVE	  	BRONX	  	NY	  	Ground Lease	  	J.C. Penney Corporation, Inc.
	 02718
	  	MAIN STORE	  	100 BAYCHESTER AVE	  	BRONX	  	NY	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 02719
	  	MAIN STORE	  	715 OMACHE DR	  	OMAK	  	WA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02720
	  	MAIN STORE	  	200 BEAVER VALLEY MALL	  	MONACA	  	PA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02721
	  	MAIN STORE	  	3159 W BROADWAY	  	SEDALIA	  	MO	  	Lease	  	J.C. Penney Corporation, Inc.
	 02722
	  	MAIN STORE	  	9409 W COLONIAL DR	  	OCOEE	  	FL	  	Fee	  	J.C. Penney Properties, Inc.
	 02725
	  	MAIN STORE	  	3350 E FLORAL AVE	  	SELMA	  	CA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02726
	  	MAIN STORE	  	1481 WAGNER AVE	  	GREENVILLE	  	OH	  	Lease	  	J.C. Penney Corporation, Inc.
	 02728
	  	MAIN STORE	  	1111 E TYLER ST STE 127	  	ATHENS	  	TX	  	Lease	  	J.C. Penney Corporation, Inc.
	 02729
	  	MAIN STORE	  	3311 IOWA ST	  	LAWRENCE	  	KS	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02729
	  	MAIN STORE	  	3311 IOWA ST	  	LAWRENCE	  	KS	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02730
	  	MAIN STORE	  	6200 20TH ST STE 700	  	VERO BEACH	  	FL	  	Fee	  	J.C. Penney Properties, Inc.
	 02731
	  	MAIN STORE	  	1409 EHRINGHAUS ST	  	ELIZABETH CITY	  	NC	  	Lease	  	J.C. Penney Corporation, Inc.
	 02732
	  	MAIN STORE	  	10300 LITTLE PATUXENT PKWY	  	COLUMBIA	  	MD	  	Fee	  	J.C. Penney Properties, Inc.
	 02736
	  	MAIN STORE	  	3500 EAST WEST HWY STE 1000	  	HYATTSVILLE	  	MD	  	Lease	  	J.C. Penney Corporation, Inc.
	 02738
	  	MAIN STORE	  	11160 VEIRS MILL RD	  	WHEATON	  	MD	  	Lease	  	J.C. Penney Corporation, Inc.
	 02739
	  	MAIN STORE	  	20131 HWY 59N STE 3000	  	HUMBLE	  	TX	  	Fee	  	J.C. Penney Properties, Inc.
	 02739
	  	MAIN STORE	  	20131 HWY 59N STE 3000	  	HUMBLE	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02740
	  	MAIN STORE	  	151 MARYSVILLE TOWNE CTR	  	MARYSVILLE	  	WA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02741
	  	MAIN STORE	  	318 E FAIRMOUNT AVE	  	LAKEWOOD	  	NY	  	Lease	  	J.C. Penney Corporation, Inc.
	 02742
	  	MAIN STORE	  	1840 COUNTRYSIDE DR	  	TURLOCK	  	CA	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02742
	  	MAIN STORE	  	1840 COUNTRYSIDE DR	  	TURLOCK	  	CA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02743
	  	MAIN STORE	  	1000 BONITA LAKE CIRCLE	  	MERIDIAN	  	MS	  	Lease	  	J.C. Penney Corporation, Inc.
	 02744
	  	MAIN STORE	  	14730 E INDIANA AVE	  	SPOKANE	  	WA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02749
	  	MAIN STORE	  	21030 DULLES TOWN CIR	  	STERLING	  	VA	  	Fee	  	J.C. Penney Properties, Inc.
	 02749
	  	MAIN STORE	  	21030 DULLES TOWN CIR	  	STERLING	  	VA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02750
	  	MAIN STORE	  	PO BOX 5147	  	GASTONIA	  	NC	  	Lease	  	J.C. Penney Corporation, Inc.
	 02751
	  	MAIN STORE	  	PLAZA LAS AMERICAS S/C	  	SAN JUAN	  	Puerto Rico	  	Lease	  	J.C. Penney Corporation, Inc.
	 02752
	  	MAIN STORE	  	1403 PALISADES CTR DR	  	WEST NYACK	  	NY	  	Lease	  	J.C. Penney Corporation, Inc.
	 02753
	  	MAIN STORE	  	6201 BLUEBONNET BLVD	  	BATON ROUGE	  	LA	  	Fee	  	J.C. Penney Properties, Inc.
	 02753
	  	MAIN STORE	  	6201 BLUEBONNET BLVD	  	BATON ROUGE	  	LA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02754
	  	MAIN STORE	  	3055 BLACK GAP RD	  	CHAMBERSBURG	  	PA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02755
	  	MAIN STORE	  	120 NIBLICK RD	  	PASO ROBLES	  	CA	  	Fee	  	J.C. Penney Properties, Inc.
	 02755
	  	MAIN STORE	  	120 NIBLICK RD	  	PASO ROBLES	  	CA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02756
	  	HOME STORE	  	3147 MIDDLE COUNTY ROAD	  	LAKE GROVE	  	NY	  	Lease	  	J.C. Penney Corporation, Inc.
	 02756
	  	MAIN STORE	  	9 SMITH HAVEN MALL	  	LAKE GROVE L I	  	NY	  	Lease	  	J.C. Penney Corporation, Inc.
	 02756
	  	OUTSIDE STOCKROOM	  	9 SMITH HAVEN MALL	  	LAKE GROVE L I	  	NY	  	Lease	  	J.C. Penney Corporation, Inc.
	 02757
	  	MAIN STORE	  	8417 S PARK MEADOWS CTR DR	  	LONE TREE	  	CO	  	Fee	  	J.C. Penney Properties, Inc.
	 02757
	  	MAIN STORE	  	8417 S PARK MEADOWS CTR DR	  	LONE TREE	  	CO	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02758
	  	MAIN STORE	  	1471 CORAL RIDGE AVE	  	CORALVILLE	  	IA	  	Fee	  	J.C. Penney Properties, Inc.
	 02758
	  	MAIN STORE	  	1471 CORAL RIDGE AVE	  	CORALVILLE	  	IA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02760
	  	MAIN STORE	  	23415 THREE NOTCH RD STE 2016	  	CALIFORNIA	  	MD	  	Lease	  	J.C. Penney Corporation, Inc.
	 02761
	  	MAIN STORE	  	11500 MIDLOTHIAN TPKE	  	RICHMOND	  	VA	  	Ground Lease	  	J.C. Penney Corporation, Inc.
	 02762
	  	MAIN STORE	  	8102 CITRUS PARK TOWN CTR	  	TAMPA	  	FL	  	Fee	  	J.C. Penney Properties, Inc.
	 02763
	  	MAIN STORE	  	1201 LAKE WOODLANDS DR STE 500	  	THE WOODLANDS	  	TX	  	Fee	  	J.C. Penney Properties, Inc.
	 02763
	  	MAIN STORE	  	1201 LAKE WOODLANDS DR STE 500	  	THE WOODLANDS	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02765
	  	MAIN STORE	  	219 MARLBORO AVE STE 21	  	EASTON	  	MD	  	Lease	  	J.C. Penney Corporation, Inc.
	 02767
	  	MAIN STORE	  	1500 S WILLOW ST	  	MANCHESTER	  	NH	  	Fee	  	J.C. Penney Properties, Inc.
	 02767
	  	MAIN STORE	  	1500 S WILLOW ST	  	MANCHESTER	  	NH	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02768
	  	MAIN STORE	  	1500 RT 47 STE 21B	  	RIO GRANDE	  	NJ	  	Lease	  	J.C. Penney Corporation, Inc.
	 02769
	  	MAIN STORE	  	1512 MILITARY RD	  	BENTON	  	AR	  	Lease	  	J.C. Penney Corporation, Inc.
	 02770
	  	MAIN STORE	  	1200 TOWNE CENTRE BLVD STE B	  	PROVO	  	UT	  	Lease	  	J.C. Penney Corporation, Inc.
	 02773
	  	ADDITIONAL SPACE	  	400 ERNEST W BARRETT PKWY NW	  	KENNESAW	  	GA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02773
	  	HOME STORE	  	667 ERNEST BARRETT PARKWAY	  	KENNESAW	  	GA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02773
	  	MAIN STORE	  	400 ERNEST W BARRETT PKWY NW	  	KENNESAW	  	GA	  	Fee	  	J.C. Penney Properties, Inc.
	 02775
	  	MAIN STORE	  	1750 DEPTFORD CENTER RD STE D	  	DEPTFORD	  	NJ	  	Fee	  	J.C. Penney Properties, Inc.

													
	 02776
	  	MAIN STORE	  	3333 BUFORD DR	  	BUFORD	  	GA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02777
	  	MAIN STORE	  	381 WEST ST	  	KEENE	  	NH	  	Lease	  	J.C. Penney Corporation, Inc.
	 02779
	  	MAIN STORE	  	PLAZA PALMA REAL S/C	  	HUMACAO	  	Puerto Rico	  	Ground Lease	  	J.C. Penney Corporation, Inc.
	 02780
	  	MAIN STORE	  	200 AVE RAFAEL CORDERO STE 111	  	CAGUAS	  	Puerto Rico	  	Ground Lease	  	J.C. Penney Corporation, Inc.
	 02782
	  	MAIN STORE	  	5055 2ND AVE STE 28	  	KEARNEY	  	NE	  	Lease	  	J.C. Penney Corporation, Inc.
	 02783
	  	MAIN STORE	  	40640 WINCHESTER RD	  	TEMECULA	  	CA	  	Fee	  	J.C. Penney Properties, Inc.
	 02783
	  	MAIN STORE	  	40640 WINCHESTER RD	  	TEMECULA	  	CA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02784
	  	MAIN STORE	  	6101 CALHOUN MEMOR HWY STE A	  	EASLEY	  	SC	  	Lease	  	J.C. Penney Corporation, Inc.
	 02785
	  	MAIN STORE	  	3774 RIVERTOWN PRKWY SW	  	GRANDVILLE	  	MI	  	Fee	  	J.C. Penney Properties, Inc.
	 02785
	  	MAIN STORE	  	3774 RIVERTOWN PRKWY SW	  	GRANDVILLE	  	MI	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02788
	  	MAIN STORE	  	259 INDIAN MOUND DR	  	MT STERLING	  	KY	  	Lease	  	J.C. Penney Corporation, Inc.
	 02789
	  	MAIN STORE	  	10308 W FOREST HILL BLVD	  	WELLINGTON	  	FL	  	Fee	  	J.C. Penney Properties, Inc.
	 02795
	  	MAIN STORE	  	2607 PRESTON RD	  	FRISCO	  	TX	  	Fee	  	J.C. Penney Properties, Inc.
	 02795
	  	MAIN STORE	  	2607 PRESTON RD	  	FRISCO	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02796
	  	MAIN STORE	  	1125 GALLERIA BLVD	  	ROSEVILLE	  	CA	  	Fee	  	J.C. Penney Properties, Inc.
	 02796
	  	MAIN STORE	  	1125 GALLERIA BLVD	  	ROSEVILLE	  	CA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02797
	  	MAIN STORE	  	100 MALL DR UNIT B	  	STEUBENVILLE	  	OH	  	Lease	  	J.C. Penney Corporation, Inc.
	 02799
	  	MAIN STORE	  	1611 VIRGINIA AVE STE 605	  	NORTH BEND	  	OR	  	Lease	  	J.C. Penney Corporation, Inc.
	 02801
	  	MAIN STORE	  	1450 POLARIS PKWY	  	COLUMBUS	  	OH	  	Fee	  	J.C. Penney Properties, Inc.
	 02801
	  	MAIN STORE	  	1450 POLARIS PKWY	  	COLUMBUS	  	OH	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02802
	  	MAIN STORE	  	2000 ROBINSON TOWN CTR	  	PITTSBURGH	  	PA	  	Fee	  	J.C. Penney Properties, Inc.
	 02802
	  	MAIN STORE	  	2000 ROBINSON TOWN CTR	  	PITTSBURGH	  	PA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02803
	  	MAIN STORE	  	2304 E JACKSON ST	  	MACOMB	  	IL	  	Lease	  	J.C. Penney Corporation, Inc.
	 02804
	  	MAIN STORE	  	8040 MALL PKWY	  	LITHONIA	  	GA	  	Ground Lease	  	J.C. Penney Corporation, Inc.
	 02805
	  	MAIN STORE	  	6910 FAYETTEVILLE RD STE 600	  	DURHAM	  	NC	  	Fee	  	J.C. Penney Properties, Inc.
	 02806
	  	MAIN STORE	  	2370 N EXPWY STE 2000	  	BROWNSVILLE	  	TX	  	Fee	  	J.C. Penney Properties, Inc.
	 02806
	  	MAIN STORE	  	2370 N EXPWY STE 2000	  	BROWNSVILLE	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02807
	  	MAIN STORE	  	5690 HARVEY ST	  	MUSKEGON	  	MI	  	Fee	  	J.C. Penney Properties, Inc.
	 02807
	  	MAIN STORE	  	5690 HARVEY ST	  	MUSKEGON	  	MI	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02808
	  	MAIN STORE	  	301A S SERVICE RD	  	BLYTHEVILLE	  	AR	  	Lease	  	J.C. Penney Corporation, Inc.
	 02809
	  	MAIN STORE	  	12300 JEFFERSON AVE STE 500	  	NEWPORT NEWS	  	VA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02810
	  	MAIN STORE	  	140 S 24TH ST W	  	BILLINGS	  	MT	  	Lease	  	J.C. Penney Corporation, Inc.
	 02812
	  	MAIN STORE	  	202 E 24TH ST	  	COLUMBUS	  	NE	  	Lease	  	J.C. Penney Corporation, Inc.
	 02814
	  	MAIN STORE	  	92-59 59TH AVE	  	ELMHURST	  	NY	  	Fee	  	J.C. Penney Properties, Inc.
	 02815
	  	MAIN STORE	  	3200 GATEWAY BLVD	  	PRESCOTT	  	AZ	  	Fee	  	J.C. Penney Properties, Inc.
	 02815
	  	MAIN STORE	  	3200 GATEWAY BLVD	  	PRESCOTT	  	AZ	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02816
	  	MAIN STORE	  	3351 S DOGWOOD	  	EL CENTRO	  	CA	  	Fee	  	J.C. Penney Properties, Inc.
	 02816
	  	MAIN STORE	  	3351 S DOGWOOD	  	EL CENTRO	  	CA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02817
	  	MAIN STORE	  	2540 SYCAMORE RD	  	DE KALB	  	IL	  	Lease	  	J.C. Penney Corporation, Inc.
	 02819
	  	MAIN STORE	  	1627 OPELIKA RD STE 69	  	AUBURN	  	AL	  	Lease	  	J.C. Penney Corporation, Inc.
	 02820
	  	MAIN STORE	  	6650 DOUGLAS BLVD	  	DOUGLASVILLE	  	GA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02820
	  	STYLING SALON	  	6650 DOUGLAS BLVD	  	DOUGLASVILLE	  	GA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02821
	  	MAIN STORE	  	4340 SERGEANT RD	  	SIOUX CITY	  	IA	  	Fee	  	J.C. Penney Properties, Inc.
	 02822
	  	MAIN STORE	  	1600 NE 23RD ST	  	POMPANO BEACH	  	FL	  	Lease	  	J.C. Penney Corporation, Inc.
	 02823
	  	MAIN STORE	  	12399 S MAINSTREET	  	RANCHO CUCAMONGA	  	CA	  	Fee	  	J.C. Penney Properties, Inc.
	 02824
	  	MAIN STORE	  	6620 TOWNE CENTER LOOP STE E	  	SOUTHAVEN	  	MS	  	Fee	  	J.C. Penney Properties, Inc.
	 02824
	  	MAIN STORE	  	6620 TOWNE CENTER LOOP STE E	  	SOUTHAVEN	  	MS	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02825
	  	MAIN STORE	  	12550 RIVERDALE BLVD	  	COON RAPIDS	  	MN	  	Ground Lease	  	J.C. Penney Corporation, Inc.
	 02826
	  	MAIN STORE	  	333 N HWY 67	  	CEDAR HILL	  	TX	  	Ground Lease	  	J.C. Penney Corporation, Inc.
	 02827
	  	MAIN STORE	  	2611 E MAIN ST	  	PLAINFIELD	  	IN	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02828
	  	MAIN STORE	  	2000 N NEIL ST	  	CHAMPAIGN	  	IL	  	Lease	  	J.C. Penney Corporation, Inc.
	 02829
	  	MAIN STORE	  	13701 GROVE DR	  	MAPLE GROVE	  	MN	  	Lease	  	J.C. Penney Corporation, Inc.
	 02829
	  	SIGN AGREEMENT	  	13701 GROVE DR	  	MAPLE GROVE	  	MN	  	Lease	  	J.C. Penney Corporation, Inc.
	 02830
	  	MAIN STORE	  	7200 E HARRISON AVE	  	ROCKFORD	  	IL	  	Fee	  	J.C. Penney Properties, Inc.
	 02830
	  	MAIN STORE	  	7200 E HARRISON AVE	  	ROCKFORD	  	IL	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02832
	  	MAIN STORE	  	1401 GREENBRIER PKWY STE 3000	  	CHESAPEAKE	  	VA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02833
	  	MAIN STORE	  	6909 N LOOP 1604 E	  	SAN ANTONIO	  	TX	  	Fee	  	J.C. Penney Properties, Inc.
	 02833
	  	MAIN STORE	  	6909 N LOOP 1604 E	  	SAN ANTONIO	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02834
	  	MAIN STORE	  	69340 HWY 21	  	COVINGTON	  	LA	  	Ground Lease	  	J.C. Penney Corporation, Inc.
	 02834
	  	MAIN STORE	  	69340 HWY 21	  	COVINGTON	  	LA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02835
	  	MAIN STORE	  	3000 E HIGHLAND DR STE 516	  	JONESBORO	  	AR	  	Fee	  	J.C. Penney Properties, Inc.
	 02835
	  	MAIN STORE	  	3000 E HIGHLAND DR STE 516	  	JONESBORO	  	AR	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02837
	  	MAIN STORE	  	1375 S YUMA PALMS PKWY	  	YUMA	  	AZ	  	Fee	  	J.C. Penney Properties, Inc.
	 02837
	  	MAIN STORE	  	1375 S YUMA PALMS PKWY	  	YUMA	  	AZ	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02838
	  	MAIN STORE	  	877 NE ALSBURY BLVD	  	BURLESON	  	TX	  	Lease	  	J.C. Penney Corporation, Inc.
	 02839
	  	MAIN STORE	  	31510 Gratiot Ave	  	Roseville	  	MI	  	Lease	  	J.C. Penney Corporation, Inc.
	 02839
	  	MAIN STORE	  	31510 Gratiot Ave	  	Roseville	  	MI	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 02840
	  	MAIN STORE	  	1236 EASTDALE MALL	  	MONTGOMERY	  	AL	  	Fee	  	J.C. Penney Properties, Inc.
	 02840
	  	MAIN STORE	  	1236 EASTDALE MALL	  	MONTGOMERY	  	AL	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02841
	  	MAIN STORE	  	2209 VETERANS BLVD	  	DEL RIO	  	TX	  	Lease	  	J.C. Penney Corporation, Inc.
	 02842
	  	MAIN STORE	  	13333 W MCDOWELL RD	  	GOODYEAR	  	AZ	  	Fee	  	J.C. Penney Properties, Inc.
	 02843
	  	MAIN STORE	  	10083 GULF CENTER DR	  	FORT MYERS	  	FL	  	Ground Lease	  	J.C. Penney Corporation, Inc.
	 02844
	  	MAIN STORE	  	100 BAYBROOK MALL	  	FRIENDSWOOD	  	TX	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02844
	  	MAIN STORE	  	100 BAYBROOK MALL	  	FRIENDSWOOD	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02845
	  	MAIN STORE	  	3742 BROOKWALL DR STE 10	  	AKRON	  	OH	  	Lease	  	J.C. Penney Corporation, Inc.

													
	 02846
	  	MAIN STORE	  	5050 E RAY RD	  	PHOENIX	  	AZ	  	Lease	  	J.C. Penney Corporation, Inc.
	 02847
	  	MAIN STORE	  	167 PITTSBURGH MILL CIR	  	TARENTUM	  	PA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02848
	  	MAIN STORE	  	4485 S GRAND CANYON DR	  	LAS VEGAS	  	NV	  	Ground Lease	  	J.C. Penney Corporation, Inc.
	 02848
	  	MAIN STORE	  	4485 S GRAND CANYON DR	  	LAS VEGAS	  	NV	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02849
	  	MAIN STORE	  	10000 ALABAMA ST	  	REDLANDS	  	CA	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02849
	  	MAIN STORE	  	10000 ALABAMA ST	  	REDLANDS	  	CA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02850
	  	MAIN STORE	  	28151 STATE RD 56	  	WESLEY CHAPEL	  	FL	  	Ground Lease	  	J.C. Penney Corporation, Inc.
	 02862
	  	MAIN STORE	  	3459 PRINCETON RD	  	HAMILTON	  	OH	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02862
	  	MAIN STORE	  	3459 PRINCETON RD	  	HAMILTON	  	OH	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02863
	  	MAIN STORE	  	23523 GRAND CIRCLE BLVD	  	KATY	  	TX	  	Fee	  	J.C. Penney Properties, Inc.
	 02863
	  	MAIN STORE	  	23523 GRAND CIRCLE BLVD	  	KATY	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02864
	  	MAIN STORE	  	3001 WHITE BEAR AVE	  	MAPLEWOOD	  	MN	  	Fee	  	J.C. Penney Properties, Inc.
	 02864
	  	MAIN STORE	  	3001 WHITE BEAR AVE	  	MAPLEWOOD	  	MN	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02865
	  	MAIN STORE	  	8348 TAMARACK VILLAGE	  	WOODBURY	  	MN	  	Fee	  	J.C. Penney Properties, Inc.
	 02865
	  	MAIN STORE	  	8348 TAMARACK VILLAGE	  	WOODBURY	  	MN	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02866
	  	MAIN STORE	  	800 WILLARD DR	  	ASHWAUBENON	  	WI	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02866
	  	MAIN STORE	  	800 WILLARD DR	  	ASHWAUBENON	  	WI	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02868
	  	MAIN STORE	  	401 S MT JULIET RD STE 630	  	MT JULIET	  	TN	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02868
	  	MAIN STORE	  	401 S MT JULIET RD STE 630	  	MT JULIET	  	TN	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02869
	  	MAIN STORE	  	5060 PINNACLE SQ	  	BIRMINGHAM	  	AL	  	Fee	  	J.C. Penney Properties, Inc.
	 02869
	  	MAIN STORE	  	5060 PINNACLE SQ	  	BIRMINGHAM	  	AL	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02870
	  	MAIN STORE	  	17610 E 39TH ST S	  	INDEPENDENCE	  	MO	  	Lease	  	J.C. Penney Corporation, Inc.
	 02871
	  	MAIN STORE	  	240 BANKS CROSSING	  	FAYETTEVILLE	  	GA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02872
	  	MAIN STORE	  	1380 HWY 20 W	  	MCDONOUGH	  	GA	  	Fee	  	J.C. Penney Properties, Inc.
	 02872
	  	MAIN STORE	  	1380 HWY 20 W	  	MCDONOUGH	  	GA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02873
	  	MAIN STORE	  	304 FORUM DR	  	COLUMBIA	  	SC	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02873
	  	MAIN STORE	  	304 FORUM DR	  	COLUMBIA	  	SC	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02874
	  	MAIN STORE	  	341 NEWNAN CROSSING BYP	  	NEWNAN	  	GA	  	Fee	  	J.C. Penney Properties, Inc.
	 02874
	  	MAIN STORE	  	341 NEWNAN CROSSING BYP	  	NEWNAN	  	GA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02875
	  	MAIN STORE	  	22500 TOWN CENTER AVE	  	SPANISH FORT	  	AL	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02875
	  	MAIN STORE	  	22500 TOWN CENTER AVE	  	SPANISH FORT	  	AL	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02876
	  	MAIN STORE	  	14658 DELAWARE ST	  	WESTMINSTER	  	CO	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02876
	  	MAIN STORE	  	14658 DELAWARE ST	  	WESTMINSTER	  	CO	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02877
	  	MAIN STORE	  	17710 LA CANTERA PKWY	  	SAN ANTONIO	  	TX	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02877
	  	MAIN STORE	  	17710 LA CANTERA PKWY	  	SAN ANTONIO	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02878
	  	MAIN STORE	  	4680 HIGH POINTE BLVD	  	HARRISBURG	  	PA	  	Fee	  	J.C. Penney Properties, Inc.
	 02878
	  	MAIN STORE	  	4680 HIGH POINTE BLVD	  	HARRISBURG	  	PA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02879
	  	MAIN STORE	  	2202 BELLVIEW RD	  	ROGERS	  	AR	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02879
	  	MAIN STORE	  	2202 BELLVIEW RD	  	ROGERS	  	AR	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02880
	  	MAIN STORE	  	STATE HWY 16 & RT 302	  	NORTH CONWAY	  	NH	  	Lease	  	J.C. Penney Corporation, Inc.
	 02881
	  	MAIN STORE	  	300 MEMORIAL CITY WAY	  	HOUSTON	  	TX	  	Fee	  	J.C. Penney Properties, Inc.
	 02881
	  	MAIN STORE	  	300 MEMORIAL CITY WAY	  	HOUSTON	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02883
	  	MAIN STORE	  	2500 SMITH RANCH RD	  	PEARLAND	  	TX	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02883
	  	MAIN STORE	  	2500 SMITH RANCH RD	  	PEARLAND	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02884
	  	MAIN STORE	  	12351 N IH-35	  	AUSTIN	  	TX	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02884
	  	MAIN STORE	  	12351 N IH-35	  	AUSTIN	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02885
	  	MAIN STORE	  	5120 FAIRMONT PKWY	  	PASADENA	  	TX	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02885
	  	MAIN STORE	  	5120 FAIRMONT PKWY	  	PASADENA	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02889
	  	MAIN STORE	  	1727 W BETHANY HOME RD	  	PHOENIX	  	AZ	  	Ground Lease	  	J.C. Penney Corporation, Inc.
	 02901
	  	MAIN STORE	  	8752 MICHIGAN RD	  	INDIANAPOLIS	  	IN	  	Lease	  	J.C. Penney Corporation, Inc.
	 02902
	  	MAIN STORE	  	1900 E RIO SALADO PKWY STE 140	  	TEMPE	  	AZ	  	Ground Lease	  	J.C. Penney Corporation, Inc.
	 02903
	  	MAIN STORE	  	3141 WATERMILL DR	  	BURLINGTON	  	NC	  	Fee	  	J.C. Penney Properties, Inc.
	 02903
	  	MAIN STORE	  	3141 WATERMILL DR	  	BURLINGTON	  	NC	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02904
	  	MAIN STORE	  	9500 S IH-35 STE H	  	AUSTIN	  	TX	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02904
	  	MAIN STORE	  	9500 S IH-35 STE H	  	AUSTIN	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02905
	  	MAIN STORE	  	3001 TEXAS SAGE TRL	  	FORT WORTH	  	TX	  	Fee	  	J.C. Penney Properties, Inc.
	 02906
	  	MAIN STORE	  	1720 OLD FORT PKWY	  	MURFREESBORO	  	TN	  	Fee	  	J.C. Penney Properties, Inc.
	 02906
	  	MAIN STORE	  	1720 OLD FORT PKWY	  	MURFREESBORO	  	TN	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02907
	  	MAIN STORE	  	6302 S CENTRAL ST	  	AURORA	  	CO	  	Fee	  	J.C. Penney Properties, Inc.
	 02907
	  	MAIN STORE	  	6302 S CENTRAL ST	  	AURORA	  	CO	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02908
	  	MAIN STORE	  	100 COLUMBIANA CIR #102	  	COLUMBIA	  	SC	  	Lease	  	J.C. Penney Corporation, Inc.
	 02909
	  	MAIN STORE	  	7939 HWY N	  	DARDENNE PRAIRIE	  	MO	  	Fee	  	J.C. Penney Properties, Inc.
	 02909
	  	MAIN STORE	  	7939 HWY N	  	DARDENNE PRAIRIE	  	MO	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02910
	  	MAIN STORE	  	7751 TOWNE CENTER PKWY	  	PAPILLION	  	NE	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02910
	  	MAIN STORE	  	7751 TOWNE CENTER PKWY	  	PAPILLION	  	NE	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02911
	  	MAIN STORE	  	11552 S DISTRICT DR	  	SOUTH JORDAN	  	UT	  	Fee	  	J.C. Penney Properties, Inc.
	 02911
	  	MAIN STORE	  	11552 S DISTRICT DR	  	SOUTH JORDAN	  	UT	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02912
	  	MAIN STORE	  	10904 STADIUM PKWY	  	KANSAS CITY	  	KS	  	Fee	  	J.C. Penney Properties, Inc.
	 02913
	  	MAIN STORE	  	5265 S CALLE SANTA CRUZ	  	TUCSON	  	AZ	  	Ground Lease	  	J.C. Penney Corporation, Inc.
	 02914
	  	MAIN STORE	  	2600 S SHACKLEFORD RD	  	LITTLE ROCK	  	AR	  	Fee	  	J.C. Penney Properties, Inc.
	 02914
	  	MAIN STORE	  	2600 S SHACKLEFORD RD	  	LITTLE ROCK	  	AR	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02915
	  	MAIN STORE	  	135 BOCKMAN DR	  	FORT COLLINS	  	CO	  	Lease	  	J.C. Penney Corporation, Inc.

													
	 02916
	  	MAIN STORE	  	400 N UNION ST	  	OLEAN	  	NY	  	Lease	  	J.C. Penney Corporation, Inc.
	 02917
	  	MAIN STORE	  	955 S HOVER ST	  	LONGMONT	  	CO	  	Lease	  	J.C. Penney Corporation, Inc.
	 02918
	  	MAIN STORE	  	340 S COLONIAL DR	  	ALABASTER	  	AL	  	Fee	  	J.C. Penney Properties, Inc.
	 02918
	  	MAIN STORE	  	340 S COLONIAL DR	  	ALABASTER	  	AL	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02919
	  	MAIN STORE	  	2890 N MAIN ST	  	SANTA ANA	  	CA	  	Lease	  	J.C. Penney Corporation, Inc.
	 02920
	  	MAIN STORE	  	9480 VILLAGE PLACE BLVD	  	BRIGHTON	  	MI	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02920
	  	MAIN STORE	  	9480 VILLAGE PLACE BLVD	  	BRIGHTON	  	MI	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02921
	  	MAIN STORE	  	5751 LONG PRAIRIE RD	  	FLOWER MOUND	  	TX	  	Fee	  	J.C. Penney Properties, Inc.
	 02922
	  	MAIN STORE	  	13900 HOARD DR	  	NOBLESVILLE	  	IN	  	Fee	  	J.C. Penney Properties, Inc.
	 02922
	  	MAIN STORE	  	13900 HOARD DR	  	NOBLESVILLE	  	IN	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02924
	  	MAIN STORE	  	7400 WOODWARD AVE	  	WOODRIDGE	  	IL	  	Lease	  	J.C. Penney Corporation, Inc.
	 02925
	  	MAIN STORE	  	8201 FLYING CLOUD DR	  	EDEN PRAIRIE	  	MN	  	Lease	  	J.C. Penney Corporation, Inc.
	 02926
	  	MAIN STORE	  	7451 YOUREE DR	  	SHREVEPORT	  	LA	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02926
	  	MAIN STORE	  	7451 YOUREE DR	  	SHREVEPORT	  	LA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02927
	  	MAIN STORE	  	410 PORTERS VALE BLVD	  	VALPARAISO	  	IN	  	Fee	  	J.C. Penney Properties, Inc.
	 02927
	  	MAIN STORE	  	410 PORTERS VALE BLVD	  	VALPARAISO	  	IN	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02928
	  	MAIN STORE	  	1100 OGDEN AVE	  	MONTGOMERY	  	IL	  	Fee	  	J.C. Penney Properties, Inc.
	 02928
	  	MAIN STORE	  	1100 OGDEN AVE	  	MONTGOMERY	  	IL	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02930
	  	MAIN STORE	  	1600 ORCHARD GATEWAY BLVD	  	NORTH AURORA	  	IL	  	Fee	  	J.C. Penney Properties, Inc.
	 02930
	  	MAIN STORE	  	1600 ORCHARD GATEWAY BLVD	  	NORTH AURORA	  	IL	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02931
	  	MAIN STORE	  	3100 MAIN ST STE 1000	  	MAUMEE	  	OH	  	Fee	  	J.C. Penney Properties, Inc.
	 02931
	  	MAIN STORE	  	3100 MAIN ST STE 1000	  	MAUMEE	  	OH	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02932
	  	MAIN STORE	  	3400 RIO GRANDE AVE	  	MONTROSE	  	CO	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02932
	  	MAIN STORE	  	3400 RIO GRANDE AVE	  	MONTROSE	  	CO	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02933
	  	MAIN STORE	  	1200 N HAPPY VALLEY RD	  	NAMPA	  	ID	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02933
	  	MAIN STORE	  	1200 N HAPPY VALLEY RD	  	NAMPA	  	ID	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02934
	  	MAIN STORE	  	151 UNIVERSITY OAKS	  	ROUND ROCK	  	TX	  	Fee	  	J.C. Penney Properties, Inc.
	 02934
	  	MAIN STORE	  	151 UNIVERSITY OAKS	  	ROUND ROCK	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02935
	  	MAIN STORE	  	2071 COLISEUM DR	  	HAMPTON	  	VA	  	Fee	  	J.C. Penney Properties, Inc.
	 02935
	  	MAIN STORE	  	2071 COLISEUM DR	  	HAMPTON	  	VA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02936
	  	MAIN STORE	  	1041 N PROMENADE PKWY	  	CASA GRANDE	  	AZ	  	Fee	  	J.C. Penney Properties, Inc.
	 02937
	  	MAIN STORE	  	14659 RAMONA AVE	  	CHINO	  	CA	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02937
	  	MAIN STORE	  	14659 RAMONA AVE	  	CHINO	  	CA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02939
	  	MAIN STORE	  	7400 SAN PEDRO AVE	  	SAN ANTONIO	  	TX	  	Lease	  	J.C. Penney Corporation, Inc.
	 02940
	  	MAIN STORE	  	5651 HWY 95 N	  	LAKE HAVASU CITY	  	AZ	  	Ground Lease	  	J.C. Penney Corporation, Inc.
	 02941
	  	MAIN STORE	  	2400 S SERVICE RD	  	MOORE	  	OK	  	Fee	  	J.C. Penney Properties, Inc.
	 02941
	  	MAIN STORE	  	2400 S SERVICE RD	  	MOORE	  	OK	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02942
	  	MAIN STORE	  	7271 SE 29TH ST	  	MIDWEST CITY	  	OK	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02942
	  	MAIN STORE	  	7271 SE 29TH ST	  	MIDWEST CITY	  	OK	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02943
	  	MAIN STORE	  	3675 STONE CREEK BLVD	  	COLERAIN TOWNSHIP	  	OH	  	Fee	  	J.C. Penney Properties, Inc.
	 02943
	  	MAIN STORE	  	3675 STONE CREEK BLVD	  	COLERAIN TOWNSHIP	  	OH	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02944
	  	MAIN STORE	  	25646 HWY 290	  	CYPRESS	  	TX	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02944
	  	MAIN STORE	  	25646 HWY 290	  	CYPRESS	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02944
	  	SIGN AGREEMENT	  	25646 HWY 290	  	CYPRESS	  	TX	  	Lease	  	J.C. Penney Corporation, Inc.
	 02945
	  	MAIN STORE	  	2001 W OSCEOLA PKWY	  	KISSIMMEE	  	FL	  	Fee	  	J.C. Penney Properties, Inc.
	 02946
	  	MAIN STORE	  	1015 E I 30	  	ROCKWALL	  	TX	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02946
	  	MAIN STORE	  	1015 E I 30	  	ROCKWALL	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02948
	  	MAIN STORE	  	3065 RT 50	  	SARATOGA SPRINGS	  	NY	  	Fee	  	J.C. Penney Properties, Inc.
	 02949
	  	MAIN STORE	  	1441 N HWY 77	  	WAXAHACHIE	  	TX	  	Fee	  	J.C. Penney Properties, Inc.
	 02949
	  	MAIN STORE	  	1441 N HWY 77	  	WAXAHACHIE	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02950
	  	MAIN STORE	  	800 S RANDALL RD	  	ALGONQUIN	  	IL	  	Fee	  	J.C. Penney Properties, Inc.
	 02950
	  	MAIN STORE	  	800 S RANDALL RD	  	ALGONQUIN	  	IL	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02951
	  	MAIN STORE	  	2940 COMMERCE DR	  	JOHNSBURG	  	IL	  	Fee	  	J.C. Penney Properties, Inc.
	 02951
	  	MAIN STORE	  	2940 COMMERCE DR	  	JOHNSBURG	  	IL	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02952
	  	MAIN STORE	  	4451 PROMENADE WAY	  	MATTESON	  	IL	  	Fee	  	J.C. Penney Properties, Inc.
	 02952
	  	MAIN STORE	  	4451 PROMENADE WAY	  	MATTESON	  	IL	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02953
	  	MAIN STORE	  	8100 N FLINTLOCK RD	  	KANSAS CITY	  	MO	  	Fee	  	J.C. Penney Properties, Inc.
	 02953
	  	MAIN STORE	  	8100 N FLINTLOCK RD	  	KANSAS CITY	  	MO	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02954
	  	MAIN STORE	  	N96W18515 COUNTY LINE RD	  	MENOMONEE FALLS	  	WI	  	Lease	  	J.C. Penney Corporation, Inc.
	 02955
	  	MAIN STORE	  	4951 SLATTEN RANCH RD	  	ANTIOCH	  	CA	  	Fee	  	J.C. Penney Properties, Inc.
	 02956
	  	MAIN STORE	  	550 PINNACLE PL	  	PRATTVILLE	  	AL	  	Fee	  	J.C. Penney Properties, Inc.
	 02956
	  	MAIN STORE	  	550 PINNACLE PL	  	PRATTVILLE	  	AL	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02957
	  	MAIN STORE	  	4185 RIVERDALE RD	  	RIVERDALE	  	UT	  	Fee	  	J.C. Penney Properties, Inc.
	 02957
	  	MAIN STORE	  	4185 RIVERDALE RD	  	RIVERDALE	  	UT	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02959
	  	MAIN STORE	  	419 E TRENTON RD	  	EDINBURG	  	TX	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02959
	  	MAIN STORE	  	419 E TRENTON RD	  	EDINBURG	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02960
	  	MAIN STORE	  	1950 JOE BATTLE BLVD	  	EL PASO	  	TX	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02960
	  	MAIN STORE	  	1950 JOE BATTLE BLVD	  	EL PASO	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02961
	  	MAIN STORE	  	3125 LOUISIANA AVE	  	LAFAYETTE	  	LA	  	Fee	  	J.C. Penney Properties, Inc.
	 02961
	  	MAIN STORE	  	3125 LOUISIANA AVE	  	LAFAYETTE	  	LA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02962
	  	MAIN STORE	  	725 ADAMS DR	  	WEATHERFORD	  	TX	  	Fee	  	J.C. Penney Properties, Inc.

													
	 02963
	  	MAIN STORE	  	1996 MEMORIAL DR STE 1	  	SAINT JOHNSBURY	  	VT	  	Lease	  	J.C. Penney Corporation, Inc.
	 02964
	  	MAIN STORE	  	2060 SAM RITTENBERG BLVD	  	CHARLESTON	  	SC	  	Fee	  	J.C. Penney Properties, Inc.
	 02964
	  	MAIN STORE	  	2060 SAM RITTENBERG BLVD	  	CHARLESTON	  	SC	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02965
	  	MAIN STORE	  	3650 NEW CENTER PT	  	COLORADO SPRINGS	  	CO	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02965
	  	MAIN STORE	  	3650 NEW CENTER PT	  	COLORADO SPRINGS	  	CO	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02966
	  	MAIN STORE	  	8568 E 49TH AVE	  	DENVER	  	CO	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02966
	  	MAIN STORE	  	8568 E 49TH AVE	  	DENVER	  	CO	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02967
	  	MAIN STORE	  	50753 WATERSIDE DR	  	CHESTERFIELD TOWNSHP	  	MI	  	Fee	  	J.C. Penney Properties, Inc.
	 02967
	  	MAIN STORE	  	50753 WATERSIDE DR	  	CHESTERFIELD TOWNSHP	  	MI	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02968
	  	MAIN STORE	  	24201 BRAZOS TOWN CROSSING	  	ROSENBERG	  	TX	  	Fee	  	J.C. Penney Properties, Inc.
	 02968
	  	SIGN AGREEMENT	  	24201 BRAZOS TOWN CROSSING	  	ROSENBERG	  	TX	  	Lease	  	J.C. Penney Corporation, Inc.
	 02969
	  	MAIN STORE	  	610 GRAHAM DR	  	SHERMAN	  	TX	  	Fee	  	J.C. Penney Properties, Inc.
	 02970
	  	MAIN STORE	  	5181 PEPPER ST	  	SPRING HILL	  	FL	  	Fee	  	J.C. Penney Properties, Inc.
	 02971
	  	MAIN STORE	  	300 TOWN CENTER BLVD	  	WHITE LAKE TOWNSHIP	  	MI	  	Fee	  	J.C. Penney Properties, Inc.
	 02971
	  	MAIN STORE	  	300 TOWN CENTER BLVD	  	WHITE LAKE TOWNSHIP	  	MI	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02972
	  	MAIN STORE	  	43690 FORD RD	  	CANTON	  	MI	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02972
	  	MAIN STORE	  	43690 FORD RD	  	CANTON	  	MI	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02973
	  	MAIN STORE	  	11325 W LINCOLN HWY	  	MOKENA	  	IL	  	Fee	  	J.C. Penney Properties, Inc.
	 02973
	  	MAIN STORE	  	11325 W LINCOLN HWY	  	MOKENA	  	IL	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02975
	  	MAIN STORE	  	3333 MARKET PLACE DR	  	COUNCIL BLUFFS	  	IA	  	Fee	  	J.C. Penney Properties, Inc.
	 02975
	  	MAIN STORE	  	3333 MARKET PLACE DR	  	COUNCIL BLUFFS	  	IA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02976
	  	MAIN STORE	  	515 CABELA DR	  	TRIADELPHIA	  	WV	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02976
	  	MAIN STORE	  	515 CABELA DR	  	TRIADELPHIA	  	WV	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02977
	  	MAIN STORE	  	5886 HIGHWAY 100	  	WASHINGTON	  	MO	  	ATM License to Third Party	  	J.C. Penney Properties, Inc.
	 02977
	  	MAIN STORE	  	5886 HIGHWAY 100	  	WASHINGTON	  	MO	  	Fee	  	J.C. Penney Properties, Inc.
	 02977
	  	MAIN STORE	  	5886 HIGHWAY 100	  	WASHINGTON	  	MO	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02978
	  	MAIN STORE	  	9365 FIELDS ERTEL RD	  	CINCINNATI	  	OH	  	Lease	  	J.C. Penney Corporation, Inc.
	 02979
	  	MAIN STORE	  	2345 S HWY 27	  	CLERMONT	  	FL	  	Fee	  	J.C. Penney Properties, Inc.
	 02980
	  	MAIN STORE	  	3165 INTERSTATE 45 N	  	CONROE	  	TX	  	Fee	  	J.C. Penney Properties, Inc.
	 02980
	  	MAIN STORE	  	3165 INTERSTATE 45 N	  	CONROE	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02982
	  	MAIN STORE	  	301 STACY RD	  	FAIRVIEW	  	TX	  	Fee	  	J.C. Penney Properties, Inc.
	 02982
	  	MAIN STORE	  	301 STACY RD	  	FAIRVIEW	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02983
	  	MAIN STORE	  	800 BARNES ST	  	SAN MARCOS	  	TX	  	Fee	  	J.C. Penney Properties, Inc.
	 02983
	  	MAIN STORE	  	800 BARNES ST	  	SAN MARCOS	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02984
	  	MAIN STORE	  	2037 LANTERN RIDGE DR	  	RICHMOND	  	KY	  	Fee	  	J.C. Penney Properties, Inc.
	 02985
	  	MAIN STORE	  	6200 GRANDVIEW PKWY	  	DAVENPORT	  	FL	  	Ground Lease	  	J.C. Penney Corporation, Inc.
	 02986
	  	MAIN STORE	  	200 MARKET ST	  	FLOWOOD	  	MS	  	Fee	  	J.C. Penney Properties, Inc.
	 02986
	  	MAIN STORE	  	200 MARKET ST	  	FLOWOOD	  	MS	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02987
	  	MAIN STORE	  	1001 RAINBOW DR	  	GADSDEN	  	AL	  	Lease	  	J.C. Penney Corporation, Inc.
	 02988
	  	MAIN STORE	  	7700 POLO GROUNDS BLVD	  	MEMPHIS	  	TN	  	Fee	  	J.C. Penney Properties, Inc.
	 02988
	  	MAIN STORE	  	7700 POLO GROUNDS BLVD	  	MEMPHIS	  	TN	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02989
	  	MAIN STORE	  	1800 COASTAL GRAND CIR	  	MYRTLE BEACH	  	SC	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02989
	  	MAIN STORE	  	1800 COASTAL GRAND CIR	  	MYRTLE BEACH	  	SC	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02990
	  	MAIN STORE	  	6901 W 135TH ST	  	OVERLAND PARK	  	KS	  	Fee	  	J.C. Penney Corporation, Inc.
	 02990
	  	MAIN STORE	  	6901 W 135TH ST	  	OVERLAND PARK	  	KS	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02991
	  	MAIN STORE	  	5335 W LOOP 1604 N	  	SAN ANTONIO	  	TX	  	Fee	  	J.C. Penney Properties, Inc.
	 02991
	  	MAIN STORE	  	5335 W LOOP 1604 N	  	SAN ANTONIO	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02992
	  	MAIN STORE	  	4190 E COURT ST STE 500	  	BURTON	  	MI	  	Lease	  	J.C. Penney Corporation, Inc.
	 02993
	  	MAIN STORE	  	798 GRAVOIS BLUFFS BLVD	  	FENTON	  	MO	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02993
	  	SIGN AGREEMENT	  	798 GRAVOIS BLUFFS BLVD	  	FENTON	  	MO	  	Lease	  	J.C. Penney Corporation, Inc.
	 02993
	  	SIGN AGREEMENT	  	798 GRAVOIS BLUFFS BLVD	  	FENTON	  	MO	  	Lease	  	J.C. Penney Corporation, Inc.
	 02993
	  	SIGN AGREEMENT	  	798 GRAVOIS BLUFFS BLVD	  	FENTON	  	MO	  	Lease	  	J.C. Penney Corporation, Inc.
	 02994
	  	MAIN STORE	  	3363 LOWERY PKWY	  	FULTONDALE	  	AL	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02994
	  	MAIN STORE	  	3363 LOWERY PKWY	  	FULTONDALE	  	AL	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02995
	  	MAIN STORE	  	5858 E SAM HOUSTON PKWY N	  	HOUSTON	  	TX	  	Fee	  	J.C. Penney Properties, Inc.
	 02995
	  	SIGN AGREEMENT	  	5858 E SAM HOUSTON PKWY N	  	HOUSTON	  	TX	  	Lease	  	J.C. Penney Corporation, Inc.
	 02997
	  	MAIN STORE	  	206 BLUEFISH DR	  	PANAMA CITY BEACH	  	FL	  	Fee	  	J.C. Penney Properties, Inc.
	 02998
	  	MAIN STORE	  	19005 SE MILL PLAIN BLVD	  	VANCOUVER	  	WA	  	Ground Lease	  	J.C. Penney Properties, Inc.
	 02998
	  	MAIN STORE	  	19005 SE MILL PLAIN BLVD	  	VANCOUVER	  	WA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 02999
	  	MAIN STORE	  	1060 PERIMETER DR	  	MANTECA	  	CA	  	Fee	  	J.C. Penney Properties, Inc.
	 02999
	  	MAIN STORE	  	1060 PERIMETER DR	  	MANTECA	  	CA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 03040
	  	CATALOG OUTLET—30	  	3430 PRESTON HWY	  	LOUISVILLE	  	KY	  	Lease	  	J.C. Penney Corporation, Inc.
	 03900
	  	AIR BRIDGE	  	406 W. 5TH AVENUE	  	ANCHORAGE	  	AK	  	Lease	  	J.C. Penney Corporation, Inc.
	 03900
	  	HOME STORE	  	406 W. 5TH AVENUE	  	ANCHORAGE	  	AK	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 03900
	  	PARKING LOT	  	406 W. 5TH AVENUE	  	ANCHORAGE	  	AK	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 04306
	  	TELEMARKETING	  	1001 COMMERCE DRIVE	  	HARMARVILLE	  	PA	  	Lease	  	J.C. Penney Corporation, Inc.
	 04306
	  	TELEMARKETING	  	1001 COMMERCE DRIVE	  	HARMARVILLE	  	PA	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 04534
	  	CUSTOM DECORATING	  	4741 & 4801 URBANI AVENUE	  	MCCLELLAN	  	CA	  	Lease	  	J.C. Penney Corporation, Inc.
	 04534
	  	CUSTOM DECORATING	  	4741 & 4801 URBANI AVENUE	  	MCCLELLAN	  	CA	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 05071
	  	TREASURY	  	GOLF ROAD & MILWAUKEE AVE.	  	NILES	  	IL	  	Ground Lease	  	J.C. Penney Corporation, Inc.
	 05071
	  	TREASURY	  	GOLF ROAD & MILWAUKEE AVE.	  	NILES	  	IL	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 09005
	  	LOGISTIC CENTER	  	1634 SALISBURY ROAD	  	STATESVILLE	  	NC	  	Fee	  	J.C. Penney Properties, Inc.
	 09005
	  	LOGISTIC CENTER	  	1634 SALISBURY ROAD	  	STATESVILLE	  	NC	  	Lease	  	J.C. Penney Corporation, Inc.

													
	 09005
	  	PARKING	  	1634 SALISBURY ROAD	  	STATESVILLE	  	NC	  	Lease	  	J.C. Penney Corporation, Inc.
	 09005
	  	PARKING	  	1634 SALISBURY ROAD	  	STATESVILLE	  	NC	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 9010
	  	INTERCOMPANY LEASE	  	6800 VALLEY VIEW AVENUE	  	BUENA PARK	  	CA	  	Lease (Intercompany)	  	J.C.PENNEY CORPORATION,INC.
	 9010
	  	LOGISTIC CENTER	  	6800 VALLEY VIEW AVENUE	  	BUENA PARK	  	CA	  	Fee	  	J.C.PENNEY PROPERTIES,INC.
	 09041
	  	OFFICES	  	3801 PARKWOOD BLVD SUITE D-100	  	FRISCO	  	TX	  	Lease	  	J.C. Penney Corporation, Inc.
	 09041
	  	OFFICES	  	3801 PARKWOOD BLVD SUITE D-100	  	FRISCO	  	TX	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 09100
	  	ACCOUNTING OFFICE	  	310 SOUTH MAIN ST.	  	SALT LAKE CITY	  	UT	  	Lease	  	J.C. Penney Corporation, Inc.
	 09100
	  	ACCOUNTING OFFICE	  	310 SOUTH MAIN ST.	  	SALT LAKE CITY	  	UT	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 09100
	  	PARKING	  	310 SOUTH MAIN ST.	  	SALT LAKE CITY	  	UT	  	Lease	  	J.C. Penney Corporation, Inc.
	 09113
	  	ECKERD DRUG—CVS	  	3821 ELLISON DRIVE NW	  	ALBUQUERQUE	  	NM	  	Lease	  	J.C. Penney Corporation, Inc.
	 09113
	  	ECKERD DRUG—CVS	  	3821 ELLISON DRIVE NW	  	ALBUQUERQUE	  	NM	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 09131
	  	LOGISTIC CENTER	  	11800 W. BURLEIGH ROAD	  	WAUWATOSA	  	WI	  	Fee	  	J.C. Penney Properties Inc.
	 09131
	  	LOGISTIC CENTER	  	11800 W. BURLEIGH ROAD	  	WAUWATOSA	  	WI	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 09132
	  	LOGISTIC CENTER	  	10500 LACKMAN ROAD	  	LENEXA	  	KS	  	Fee	  	J.C. Penney Properties Inc.
	 09132
	  	LOGISTIC CENTER	  	10500 LACKMAN ROAD	  	LENEXA	  	KS	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 09224
	  	LAND	  	501 D’ARCY PARKWAY	  	LATHROP	  	CA	  	Fee	  	J.C. Penney Properties, Inc.
	 09224
	  	LAND	  	501 D’ARCY PARKWAY	  	LATHROP	  	CA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 09224
	  	LOGISTIC CENTER	  	700 D’ARCY PARKWAY	  	LATHROP	  	CA	  	Lease	  	J.C. Penney Corporation, Inc.
	 09275
	  	ADDITIONAL SPACE	  	124 ROSE LANE	  	FRISCO	  	TX	  	Lease	  	J.C. Penney Corporation, Inc.
	 09316
	  	LAND	  	11111 STEAD BLVD.	  	RENO	  	NV	  	Sublease to Third party	  	J.C. Penney Properties Inc.
	 09316
	  	LOGISTIC CENTER	  	11111 STEAD BLVD.	  	RENO	  	NV	  	Fee	  	J.C. Penney Properties Inc.
	 09316
	  	LOGISTIC CENTER	  	11111 STEAD BLVD.	  	RENO	  	NV	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 09317
	  	LOGISTIC CENTER	  	1339 TOLLAND TPK	  	MANCHESTER	  	CT	  	Fee	  	J.C. Penney Propert ies Inc.
	 09317
	  	LOGISTIC CENTER	  	1339 TOLLAND TPK	  	MANCHESTER	  	CT	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 09435
	  	LOGISTIC CENTER	  	1701 INTERMODAL PARKWAY	  	HASLET	  	TX	  	Fee	  	J.C. Penney Properties Inc.
	 09435
	  	LOGISTIC CENTER	  	1701 INTERMODAL PARKWAY	  	HASLET	  	TX	  	Fee	  	J.C. Penney Properties, Inc.
	 09435
	  	LOGISTIC CENTER	  	1701 INTERMODAL PARKWAY	  	HASLET	  	TX	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 09435
	  	LOGISTIC CENTER	  	1701 INTERMODAL PARKWAY	  	HASLET	  	TX	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 09442
	  	STORE SUPPORT CENTER	  	1650 S HWY 67	  	CEDAR HILL	  	TX	  	Lease	  	J.C. Penney Corporation, Inc.
	 09450
	  	STORE SUPPORT CENTER	  	6800 STATE ROAD 33	  	LAKELAND	  	FL	  	Lease	  	J.C. Penney Corporation, Inc.
	 09454
	  	STORE SUPPORT CENTER	  	400 HIGHWAY 6	  	SPANISH FORK	  	UT	  	Lease	  	J.C. Penney Corporation, Inc.
	 09474
	  	OFFICES	  	200 LAFAYETTE STREET	  	NEW YORK	  	NY	  	Lease	  	J.C. Penney Corporation, Inc.
	 09486
	  	LAND	  	5500 SOUTH EXPRESSWAY	  	ATLANTA	  	GA	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 09486
	  	LOGISTIC CENTER	  	5500 SOUTH EXPRESSWAY	  	ATLANTA	  	GA	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 09486
	  	LOGISTIC CENTER	  	5500 SOUTH EXPRESSWAY	  	ATLANTA	  	GA	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 09900
	  	HANGER FOR CORP AIRCRAFT	  	8111 LEMON AVE, STE 150	  	DALLAS	  	TX	  	Lease	  	J.C. Penney Corporation, Inc.
	 09900
	  	LAND	  	6501 LEGACY DRIVE	  	PLANO	  	TX	  	Lease	  	J.C. Penney Corporation, Inc.
	 09900
	  	LAND	  	6501 LEGACY DRIVE	  	PLANO	  	TX	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 09900
	  	OFFICES	  	6501 LEGACY DRIVE	  	PLANO	  	TX	  	Fee	  	J.C. Penney Corporation, Inc.
	 09900
	  	OFFICES	  	328 BARRY AVENUE	  	WAYZATA	  	MN	  	Lease	  	J.C. Penney Corporation, Inc.
	 09900
	  	OFFICES	  	601 PENNSYLVANIA AVE. NW	  	WASHINGTON	  	DC	  	Lease	  	J.C. Penney Corporation, Inc.
	 09900
	  	OFFICES	  	328 BARRY AVENUE	  	WAYZATA	  	MN	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 09900
	  	OFFICES	  	6501 LEGACY DRIVE	  	PLANO	  	TX	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 09900
	  	OFFICES	  	6501 LEGACY DRIVE	  	PLANO	  	TX	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 09900
	  	OFFICES	  	6501 LEGACY DRIVE	  	PLANO	  	TX	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 09900
	  	OFFICES	  	6501 LEGACY DRIVE	  	PLANO	  	TX	  	Sublease to Third party	  	J.C. Penney Corporation, Inc.
	 09900
	  	OFFICES	  	6501 LEGACY DRIVE	  	PLANO	  	TX	  		  	J.C. Penney Corporation, Inc.
	 09130/3009
	  	LOGISTIC CENTER	  	5555 SCARBOROUGH BLVD.	  	COLUMBUS	  	OH	  	Fee	  	J. C. Penney Properties, Inc.
	 09130 /3009
	  	LOGISTIC CENTER	  	5555 SCARBOROUGH BLVD.	  	COLUMBUS	  	OH	  	Lease (Intercompany)	  	J.C. Penney Corporation, Inc.
	 09486 /9129
	  	LOGISTIC CENTER	  	5500 SOUTH EXPRESSWAY	  	ATLANTA	  	GA	  	Fee	  	J.C. Penney Properties, Inc.

 Schedule 4.14 

Disclosed Matters 
 None. 

 Schedule 5.15 

Post-Closing Matters 
 None. 

 Schedule 5.16(a)(i) 

Restatement Effective Date Mortgaged Properties 
  

							
	1786	  	1701 MACFARLAND BLVD E	  	TUSCALOOSA	  	AL
	2218	  	2300 RIVERCHASE GALLERIA	  	HOOVER	  	AL
	2398	  	900 COMMONS DR STE 900	  	DOTHAN	  	AL
	2840	  	1236 EASTDALE MALL	  	MONTGOMERY	  	AL
	2869	  	5060 PINNACLE SQ	  	TRUSSVILLE	  	AL
	2875	  	22500 TOWN CENTER AVE	  	SPANISH FORT	  	AL
	2918	  	340 S COLONIAL DR	  	ALABASTER	  	AL
	2956	  	550 PINNACLE PL	  	PRATTVILLE	  	AL
	2835	  	3000 E HIGHLAND DR STE 516	  	JONESBORO	  	AR
	2879	  	2202 BELLVIEW RD	  	ROGERS	  	AR
	2914	  	2600 S SHACKLEFORD RD	  	LITTLE ROCK	  	AR
	90	  	4530 N ORACLE RD	  	TUCSON	  	AZ
	1480	  	4510 E CACTUS RD	  	PHOENIX	  	AZ
	2815	  	3200 GATEWAY BLVD	  	PRESCOTT	  	AZ
	2837	  	1375 S YUMA PALMS PKWY	  	YUMA	  	AZ
	246	  	20700 AVALON BLVD	  	CARSON	  	CA
	334	  	1330 TRAVIS BLVD	  	FAIRFIELD	  	CA
	389	  	1500 STONERIDGE MALL RD	  	PLEASANTON	  	CA
	465	  	24140 MAGIC MOUNTAIN PKY	  	SANTA CLARITA	  	CA
	566	  	2555 EL CAMINO REAL	  	CARLSBAD	  	CA
	634	  	3040 PLAZA BONITA RD	  	NATIONAL CITY	  	CA
	699	  	1169 GLENDALE GALLERIA	  	GLENDALE	  	CA
	1156	  	4915 CLAREMONT AVE	  	STOCKTON	  	CA
	1223	  	24200 LAGUNA HILLS MALL	  	LAGUNA HILLS	  	CA
	1229	  	280 HILLCREST DR W	  	THOUSAND OAKS	  	CA
	1505	  	1203 PLAZA DR	  	WEST COVINA	  	CA
	1572	  	6000 S HANNUM AVE	  	CULVER CITY	  	CA
	1960	  	3605 GALLERIA AT TYLER	  	RIVERSIDE	  	CA
	2096	  	72900 HWY 111	  	PALM DESERT	  	CA
	2171	  	290 E VIA RANCHO PKWY	  	ESCONDIDO	  	CA
	2172	  	1600 TOWN CENTER DR	  	MONTEBELLO	  	CA
	2209	  	2501 MING AVE	  	BAKERSFIELD	  	CA
	2388	  	1131 W RANCHO VISTA BLVD	  	PALMDALE	  	CA
	2414	  	355 FLETCHER PKWY	  	EL CAJON	  	CA
	2467	  	1695 ARDEN WAY	  	SACRAMENTO	  	CA
	2480	  	22450 TOWN CIR	  	MORENO VALLEY	  	CA
	2496	  	500 NEWPARK MALL	  	NEWARK	  	CA
	2613	  	1932 E 20TH ST	  	CHICO	  	CA
	2631	  	58000 TWENTY-NINE PALMS HWY	  	YUCCA VALLEY	  	CA
	2663	  	377 S MILLS RD	  	VENTURA	  	CA
	2783	  	40640 WINCHESTER RD	  	TEMECULA	  	CA
	2796	  	1125 GALLERIA BLVD	  	ROSEVILLE	  	CA
	2816	  	3351 S DOGWOOD	  	EL CENTRO	  	CA
	2849	  	10000 ALABAMA ST	  	REDLANDS	  	CA

							
	 2999
	  	 1060 PERIMETER DR
	  	 MANTECA
	  	 CA

	 9010
	  	 6800 VALLEY VIEW AVE STE 202
	  	 BUENA PARK
	  	 CA

	 559
	  	 2424 US 6TH AND 50TH
	  	 GRAND JUNCTION
	  	 CO

	 863
	  	 680 CITADEL DR E
	  	 COLORADO SPRINGS
	  	 CO

	 1106
	  	 1950 PRAIRIE CENTER PKWY
	  	 BRIGHTON
	  	 CO

	 1168
	  	 14200 E ALAMEDA AVE
	  	 AURORA
	  	 CO

	 2160
	  	 5453 W 88TH AVE
	  	 WESTMINSTER
	  	 CO

	 2757
	  	 8417 S PARK MEADOWS CTR DR
	  	 LONE TREE
	  	 CO

	 2876
	  	 14658 DELAWARE ST
	  	 WESTMINSTER
	  	 CO

	 2907
	  	 6302 S CENTRAL ST
	  	 AURORA
	  	 CO

	 135
	  	 344 V BUCKLAND HLS DR STE 7000
	  	 MANCHESTER
	  	 CT

	 933
	  	 300 WESTFARMS MALL
	  	 FARMINGTON
	  	 CT

	 2232
	  	 5065 MAIN ST
	  	 TRUMBULL
	  	 CT

	 2256
	  	 7 BACKUS AVE
	  	 DANBURY
	  	 CT

	 9317
	  	 1339 TOLLAND TPK
	  	 MANCHESTER
	  	 CT

	 816
	  	 606 CHRISTIANA MALL
	  	 NEWARK
	  	 DE

	 951
	  	 1365 N DUPONT HWY STE 5000
	  	 DOVER
	  	 DE

	 1475
	  	 27001 US HWY 19 N
	  	 CLEARWATER
	  	 FL

	 2115
	  	 2000 MARTIN LUTHER KING JR BLV
	  	 PANAMA CITY
	  	 FL

	 2258
	  	 3450 WRIGHTSBORO RD
	  	 AUGUSTA
	  	 GA

	 2316
	  	 2601 DAWSON RD
	  	 ALBANY
	  	 GA

	 2872
	  	 1380 HWY 20 W
	  	 MCDONOUGH
	  	 GA

	 2874
	  	 341 NEWNAN CROSSING BYP
	  	 NEWNAN
	  	 GA

	 9486/9129
	  	 120 PENNEY RD/5500 FRONTAGE ROAD
	  	 ATLANTA/FOREST PARK
	  	 GA

	 1963
	  	 320 W KIMBERLY RD STE 409
	  	 DAVENPORT
	  	 IA

	 2758
	  	 1471 CORAL RIDGE AVE
	  	 CORALVILLE
	  	 IA

	 2975
	  	 3333 MARKET PLACE DR
	  	 COUNCIL BLUFFS
	  	 IA

	 2312
	  	 300 N MILWAUKEE ST
	  	 BOISE
	  	 ID

	 2933
	  	 1200 N HAPPY VALLEY RD
	  	 NAMPA
	  	 ID

	 237
	  	 3 ORLAND SQ DR
	  	 ORLAND PARK
	  	 IL

	 466
	  	 150 HOMER ADAMS PKWY
	  	 ALTON
	  	 IL

	 652
	  	 2200 W WAR MEMORIAL DR STE 997
	  	 PEORIA
	  	 IL

	 1049
	  	 4 FOX VALLEY CTR
	  	 AURORA
	  	 IL

	 1443
	  	 245 ST CLAIR SQ
	  	 FAIRVIEW HGTS
	  	 IL

	 1451
	  	 3340 MALL LOOP DR SPACE 2
	  	 JOLIET
	  	 IL

	 2661
	  	 RT 60 & HWY 21
	  	 VERNON HILLS
	  	 IL

	 2830
	  	 7200 E HARRISON AVE
	  	 ROCKFORD
	  	 IL

	 2928
	  	 1100 OGDEN AVE
	  	 MONTGOMERY
	  	 IL

	 2930
	  	 1600 ORCHARD GATEWAY BLVD
	  	 NORTH AURORA
	  	 IL

	 2950
	  	 800 S RANDALL RD
	  	 ALGONQUIN
	  	 IL

	 2951
	  	 2940 COMMERCE DR
	  	 JOHNSBURG
	  	 IL

	 2952
	  	 4451 PROMENADE WAY
	  	 MATTESON
	  	 IL

	 2973
	  	 11325 W LINCOLN HWY
	  	 MOKENA
	  	 IL

	 355
	  	 1251 US 31 N
	  	 GREENWOOD
	  	 IN

	 2922
	  	 13900 HOARD DR
	  	 NOBLESVILLE
	  	 IN

							
	 2927
	  	 410 PORTERS VALE BLVD
	  	 VALPARAISO
	  	 IN

	 1389
	  	 11801 W 95TH ST
	  	 OVERLAND PARK
	  	 KS

	 1590
	  	 4600 W KELLOGG RD
	  	 WICHITA
	  	 KS

	 2304
	  	 1821 SW WANAMAKER RD
	  	 TOPEKA
	  	 KS

	 2729
	  	 3311 IOWA ST
	  	 LAWRENCE
	  	 KS

	 2990
	  	 6901 W 135TH ST
	  	 OVERLAND PARK
	  	 KS

	 9132
	  	 16000 W 107TH ST
	  	 LENEXA
	  	 KS

	 779
	  	 6000 FLORENCE MALL
	  	 FLORENCE
	  	 KY

	 1704
	  	 4803 OUTER LOOP RD
	  	 LOUISVILLE
	  	 KY

	 2527
	  	 500 WINCHESTER AVE
	  	 ASHLAND
	  	 KY

	 102
	  	 9801 CORTANA PL
	  	 BATON ROUGE
	  	 LA

	 2123
	  	 2950 E TEXAS AVE
	  	 BOSSIER CITY
	  	 LA

	 2175
	  	 4761 PECANLAND MALL DR
	  	 MONROE
	  	 LA

	 2482
	  	 5725 JOHNSTON ST
	  	 LAFAYETTE
	  	 LA

	 2507
	  	 312 W PRIEN LAKE RD
	  	 LAKE CHARLES
	  	 LA

	 2753
	  	 6201 BLUEBONNET BLVD
	  	 BATON ROUGE
	  	 LA

	 2961
	  	 3125 LOUISIANA AVE
	  	 LAFAYETTE
	  	 LA

	 2247
	  	 310 DANIEL WEBSTER HWY STE 103
	  	 TYNGSBOROUGH/ NASHUA
	  	 MA/NH

	 2524
	  	 2421 CRANBERRY HWY STE 290
	  	 WAREHAM
	  	 MA

	 2708
	  	 573 DONALD LYNCH BLVD
	  	 MARLBOROUGH
	  	 MA

	 273
	  	 701 RUSSELL AVE
	  	 GAITHERSBURG
	  	 MD

	 786
	  	 7900 GOVERNOR RITCHIE HWY
	  	 GLEN BURNIE
	  	 MD

	 982
	  	 7777 EASTPOINT MALL
	  	 BALTIMORE
	  	 MD

	 1869
	  	 8200 PERRY HALL BLVD
	  	 BALTIMORE
	  	 MD

	 1951
	  	 3401 DONNELL DR
	  	 FORESTVILLE
	  	 MD

	 2102
	  	 1695 ANNAPOLIS MALL
	  	 ANNAPOLIS
	  	 MD

	 2443
	  	 11130 MALL CIR
	  	 WALDORF
	  	 MD

	 2091
	  	 700 MAINE MALL RD
	  	 SOUTH PORTLAND
	  	 ME

	 910
	  	 4129 E WILDER RD
	  	 BAY CITY
	  	 MI

	 1306
	  	 35000 W WARREN RD
	  	 WESTLAND
	  	 MI

	 1352
	  	 700 W 14 MILE RD
	  	 TROY
	  	 MI

	 1398
	  	 23000 EUREKA RD STE A3
	  	 TAYLOR
	  	 MI

	 1432
	  	 14300 LAKESIDE CIR
	  	 STERLING HTS
	  	 MI

	 1580
	  	 3225 28TH ST SE
	  	 GRAND RAPIDS
	  	 MI

	 1623
	  	 27150 NOVI RD
	  	 NOVI
	  	 MI

	 1979
	  	 3535 S LINDEN RD
	  	 FLINT
	  	 MI

	 1982
	  	 6580 S WESTNEDGE AVE
	  	 PORTAGE
	  	 MI

	 2059
	  	 5801 BECKLEY RD
	  	 BATTLE CREEK
	  	 MI

	 2349
	  	 3300 S AIRPORT RD W
	  	 TRAVERSE CITY
	  	 MI

	 2428
	  	 4400 24TH AVE
	  	 FORT GRATIOT
	  	 MI

	 2785
	  	 3774 RIVERTOWN PRKWY SW
	  	 GRANDVILLE
	  	 MI

	 2807
	  	 5690 HARVEY ST
	  	 MUSKEGON
	  	 MI

	 2920
	  	 9480 VILLAGE PLACE BLVD
	  	 BRIGHTON
	  	 MI

	 2967
	  	 50753 WATERSIDE DR
	  	 CHESTERFIELD TOWNSHP
	  	 MI

							
	 2971
	  	 300 TOWN CENTER BLVD
	  	 WHITE LAKE TOWNSHIP
	  	 MI

	 2972
	  	 43690 FORD RD
	  	 CANTON
	  	 MI

	 30
	  	 14301 BURNHAVEN DR
	  	 BURNSVILLE
	  	 MN

	 496
	  	 1700 W COUNTY RD B-2
	  	 ROSEVILLE
	  	 MN

	 1405
	  	 12421 WAYZATA BLVD
	  	 MINNETONKA
	  	 MN

	 2495
	  	 1850 ADAMS ST STE 2
	  	 MANKATO
	  	 MN

	 2864
	  	 3001 WHITE BEAR AVE
	  	 MAPLEWOOD
	  	 MN

	 2865
	  	 8348 TAMARACK VILLAGE
	  	 WOODBURY
	  	 MN

	 2006
	  	 3600 COUNTRY CLUB DR STOP 4
	  	 JEFFERSON CITY
	  	 MO

	 2284
	  	 2301 W WORLEY
	  	 COLUMBIA
	  	 MO

	 2521
	  	 9100 N SKYVIEW AVE
	  	 KANSAS CITY
	  	 MO

	 2632
	  	 4 MID RIVERS MALL
	  	 ST PETERS
	  	 MO

	 2909
	  	 7939 HWY N
	  	 DARDENNE PRAIRIE
	  	 MO

	 2953
	  	 8100 N FLINTLOCK RD
	  	 KANSAS CITY
	  	 MO

	 2977
	  	 5886 HIGHWAY 100
	  	 WASHINGTON
	  	 MO

	 2993
	  	 798 GRAVOIS BLUFFS BLVD
	  	 FENTON
	  	 MO

	 2168
	  	 1200 E COUNTY LINE RD
	  	 RIDGELAND
	  	 MS

	 2690
	  	 1000 TURTLE CREEK DR
	  	 HATTIESBURG
	  	 MS

	 2824
	  	 6620 TOWNE CENTER LOOP STE E
	  	 SOUTHAVEN
	  	 MS

	 2986
	  	 200 MARKET ST
	  	 FLOWOOD
	  	 MS

	 99
	  	 300 CROSS CREEK MALL
	  	 FAYETTEVILLE
	  	 NC

	 2303
	  	 1970 US HWY 70 SE
	  	 HICKORY
	  	 NC

	 2346
	  	 3 S TUNNEL RD
	  	 ASHEVILLE
	  	 NC

	 2903
	  	 3141 WATERMILL DR
	  	 BURLINGTON
	  	 NC

	 9005
	  	 1634 SALISBURY RD
	  	 STATESVILLE
	  	 NC

	 731
	  	 3202 OAKVIEW DR
	  	 OMAHA
	  	 NE

	 2651
	  	 68 GATEWAY MALL
	  	 LINCOLN
	  	 NE

	 2910
	  	 7751 TOWNE CENTER PKWY
	  	 PAPILLION
	  	 NE

	 116
	  	 81 ROCKINGHAM PARK BLVD
	  	 SALEM
	  	 NH

	 2250
	  	 50 FOX RUN RD STE 35
	  	 NEWINGTON
	  	 NH

	 2767
	  	 1500 S WILLOW ST
	  	 MANCHESTER
	  	 NH

	 241
	  	 2000 RT 38 STE 1000
	  	 CHERRY HILL
	  	 NJ

	 497
	  	 305 MOUNT HOPE AVE
	  	 ROCKAWAY
	  	 NJ

	 1150
	  	 STATE HWY 35 AND 36
	  	 EATONTOWN
	  	 NJ

	 1180
	  	 260 WAYNE TOWNE CTR
	  	 WAYNE
	  	 NJ

	 1529
	  	 755 STATE RT 18 STE 600
	  	 E BRUNSWICK
	  	 NJ

	 1983
	  	 428 WOODBRIDGE CTR DR
	  	 WOODBRIDGE
	  	 NJ

	 2287
	  	 4405 BLACK HORSE PIKE
	  	 MAYS LANDING
	  	 NJ

	 2297
	  	 10 MALL DR W
	  	 JERSEY CITY
	  	 NJ

	 2477
	  	 3710 HWY 9
	  	 FREEHOLD
	  	 NJ

	 2229
	  	 4250 CERRILLOS RD
	  	 SANTA FE
	  	 NM

	 2704
	  	 10000 COORS BYPASS NW
	  	 ALBUQUERQUE
	  	 NM

	 478
	  	 5200 MEADOWOOD MALL CIR
	  	 RENO
	  	 NV

	 1270
	  	 3939 S CARSON ST
	  	 CARSON CITY
	  	 NV

	 1794
	  	 4400 MEADOWS LANE
	  	 LAS VEGAS
	  	 NV

							
	 2626
	  	 1312 W SUNSET RD
	  	 HENDERSON
	  	 NV

	 9316
	  	 11111 STEAD BLVD
	  	 RENO
	  	 NV

	 130
	  	 601-635 HARRY L DR STE 99
	  	 JOHNSON CITY
	  	 NY

	 197
	  	 360 GATEWAY DR
	  	 BROOKLYN
	  	 NY

	 439
	  	 600 EASTVIEW MALL
	  	 VICTOR
	  	 NY

	 1192
	  	 600 SUNRISE MALL
	  	 MASSAPEQUA L I
	  	 NY

	 1510
	  	 1303 NIAGARA FALLS BLVD
	  	 AMHERST
	  	 NY

	 1618
	  	 25 MIRACLE MILE DR
	  	 ROCHESTER
	  	 NY

	 2490
	  	 231 GREECE RIDGE CTR DR
	  	 GREECE
	  	 NY

	 1323
	  	 5100 GREAT NORTHERN MALL
	  	 N OLMSTED
	  	 OH

	 1899
	  	 4621 EASTGATE BLVD
	  	 CINCINNATI
	  	 OH

	 2530
	  	 1301 CENTER RD
	  	 AVON
	  	 OH

	 2683
	  	 17177 ROYALTON RD
	  	 STRONGSVILLE
	  	 OH

	 2700
	  	 5083 TUTTLE CROSSING BLVD
	  	 DUBLIN
	  	 OH

	 2801
	  	 1450 POLARIS PKWY
	  	 COLUMBUS
	  	 OH

	 2862
	  	 3459 PRINCETON RD
	  	 HAMILTON
	  	 OH

	 2931
	  	 3100 MAIN ST STE 1000
	  	 MAUMEE
	  	 OH

	 2943
	  	 3675 STONE CREEK BLVD
	  	 COLERAIN TOWNSHIP
	  	 OH

	 9130
	  	 2525 PARK CRESCENT DR
	  	 COLUMBUS
	  	 OH

	 1122
	  	 2501 W MEMORIAL RD
	  	 OKLAHOMA CITY
	  	 OK

	 2522
	  	 9056 N 121ST EAST AVE
	  	 OWASSO
	  	 OK

	 2682
	  	 1901 NW EXPWY STE 1200
	  	 OKLAHOMA CITY
	  	 OK

	 2941
	  	 2400 S SERVICE RD
	  	 MOORE
	  	 OK

	 27
	  	 12300 SE 82ND AVE
	  	 PORTLAND
	  	 OR

	 67
	  	 500 LEHIGH VALLEY MALL
	  	 WHITEHALL
	  	 PA

	 1161
	  	 5256 ROUTE 30
	  	 GREENSBURG
	  	 PA

	 1212
	  	 3075 CLAIRTON RD STE 100
	  	 WEST MIFFLIN
	  	 PA

	 2263
	  	 1006 ROSS PARK MALL DR
	  	 PITTSBURGH
	  	 PA

	 2802
	  	 2000 ROBINSON TOWN CTR
	  	 PITTSBURGH
	  	 PA

	 2878
	  	 4680 HIGH POINTE BLVD
	  	 HARRISBURG
	  	 PA

	 367
	  	 400 BALD HILL RD
	  	 WARWICK
	  	 RI

	 695
	  	 700 HAYWOOD RD
	  	 GREENVILLE
	  	 SC

	 2873
	  	 304 FORUM DR
	  	 COLUMBIA
	  	 SC

	 2964
	  	 2060 SAM RITTENBERG BLVD
	  	 CHARLESTON
	  	 SC

	 2989
	  	 1800 COASTAL GRAND CIR
	  	 MYRTLE BEACH
	  	 SC

	 183
	  	 2100 HAMILTON PLACE BLVD
	  	 CHATTANOOGA
	  	 TN

	 1081
	  	 1780 GALLERIA BLVD
	  	 FRANKLIN
	  	 TN

	 2617
	  	 7600 KINGSTON PIKE
	  	 KNOXVILLE
	  	 TN

	 2703
	  	 2756 N GERMANTOWN PKWY
	  	 MEMPHIS
	  	 TN

	 2868
	  	 401 S MT JULIET RD STE 630
	  	 MT JULIET
	  	 TN

	 2906
	  	 1720 OLD FORT PKWY
	  	 MURFREESBORO
	  	 TN

	 2988
	  	 7700 POLO GROUNDS BLVD
	  	 MEMPHIS
	  	 TN

	 9435
	  	 1701 INTERMODAL PKWY
	  	 HASLET
	  	 TX

	 304
	  	 3550 MCCANN RD
	  	 LONGVIEW
	  	 TX

	 631
	  	 6301 NW LOOP 410
	  	 SAN ANTONIO
	  	 TX

	 658
	  	 5300 SAN DARIO
	  	 LAREDO
	  	 TX

							
	 1046
	  	 2201 S INTERSTATE 35 E STE D
	  	 DENTON
	  	 TX

	 1101
	  	 715 E EXPRESSWAY 83
	  	 WESLACO
	  	 TX

	 1128
	  	 2520 GULF FWY S
	  	 LEAGUE CITY
	  	 TX

	 1419
	  	 1900 GREEN OAKS RD
	  	 FORT WORTH
	  	 TX

	 1958
	  	 6455 EASTEX FRWY
	  	 BEAUMONT
	  	 TX

	 1989
	  	 6000 SUNSET MALL
	  	 SAN ANGELO
	  	 TX

	 2036
	  	 4511 N MIDKIFF RD
	  	 MIDLAND
	  	 TX

	 2040
	  	 2901 S CAPITOL OF TEXAS HWY
	  	 AUSTIN
	  	 TX

	 2055
	  	 821 N CENTRAL EXPWY
	  	 PLANO
	  	 TX

	 2104
	  	 7925 FM 1960 RD STE 7000
	  	 HOUSTON
	  	 TX

	 2108
	  	 2000 SAN JACINTO MALL
	  	 BAYTOWN
	  	 TX

	 2110
	  	 2100 S W S YOUNG DR STE 2000
	  	 KILLEEN
	  	 TX

	 2140
	  	 2006 S EXPY 83
	  	 HARLINGEN
	  	 TX

	 2169
	  	 7701 W I-40 STE 600
	  	 AMARILLO
	  	 TX

	 2178
	  	 8106 N NAVARRO ST
	  	 VICTORIA
	  	 TX

	 2184
	  	 1500 HARVEY RD
	  	 COLLEGE STATION
	  	 TX

	 2410
	  	 2401 S STEMMONS FWY STE 4000
	  	 LEWISVILLE
	  	 TX

	 2523
	  	 215 CREEKSIDE WAY
	  	 NEW BRAUNFELS
	  	 TX

	 2685
	  	 3851 S COOPER ST
	  	 ARLINGTON
	  	 TX

	 2696
	  	 11200 LAKELINE MALL DR
	  	 CEDAR PARK
	  	 TX

	 2697
	  	 16529 SOUTHWEST FRWY
	  	 SUGARLAND
	  	 TX

	 2739
	  	 20131 HWY 59N STE 3000
	  	 HUMBLE
	  	 TX

	 2763
	  	 1201 LAKE WOODLANDS DR STE 500
	  	 THE WOODLANDS
	  	 TX

	 2795
	  	 2607 PRESTON RD
	  	 FRISCO
	  	 TX

	 2806
	  	 2370 N EXPWY STE 2000
	  	 BROWNSVILLE
	  	 TX

	 2833
	  	 6909 N LOOP 1604 E
	  	 SAN ANTONIO
	  	 TX

	 2844
	  	 100 BAYBROOK MALL
	  	 FRIENDSWOOD
	  	 TX

	 2863
	  	 23523 GRAND CIRCLE BLVD
	  	 KATY
	  	 TX

	 2877
	  	 17710 LA CANTERA PKWY
	  	 SAN ANTONIO
	  	 TX

	 2881
	  	 300 MEMORIAL CITY WAY
	  	 HOUSTON
	  	 TX

	 2883
	  	 2500 SMITH RANCH RD
	  	 PEARLAND
	  	 TX

	 2884
	  	 12351 N IH-35
	  	 AUSTIN
	  	 TX

	 2885
	  	 5120 FAIRMONT PKWY
	  	 PASADENA
	  	 TX

	 2904
	  	 9500 S IH-35 STE H
	  	 AUSTIN
	  	 TX

	 2934
	  	 151 UNIVERSITY OAKS
	  	 ROUND ROCK
	  	 TX

	 2944
	  	 25646 HWY 290
	  	 CYPRESS
	  	 TX

	 2946
	  	 1015 E I 30
	  	 ROCKWALL
	  	 TX

	 2949
	  	 1441 N HWY 77
	  	 WAXAHACHIE
	  	 TX

	 2959
	  	 419 E TRENTON RD
	  	 EDINBURG
	  	 TX

	 2960
	  	 1950 JOE BATTLE BLVD
	  	 EL PASO
	  	 TX

	 2980
	  	 3165 INTERSTATE 45 N
	  	 CONROE
	  	 TX

	 2982
	  	 301 STACY RD
	  	 FAIRVIEW
	  	 TX

	 2983
	  	 800 BARNES ST
	  	 SAN MARCOS
	  	 TX

	 2991
	  	 5335 W LOOP 1604 N
	  	 SAN ANTONIO
	  	 TX

	 2911
	  	 11552 S DISTRICT DR
	  	 SOUTH JORDAN
	  	 UT

	 2957
	  	 4185 RIVERDALE RD
	  	 RIVERDALE
	  	 UT

							
	 192
	  	 11801 FAIR OAKS MALL
	  	 FAIRFAX
	  	 VA

	 778
	  	 1408 N PARHAM RD
	  	 RICHMOND
	  	 VA

	 1135
	  	 3409 CANDLERS MOUNTAIN RD
	  	 LYNCHBURG
	  	 VA

	 1462
	  	 6699 SPRINGFIELD MALL
	  	 SPRINGFIELD
	  	 VA

	 2024
	  	 1639 E RIO RD
	  	 CHARLOTTESVILLE
	  	 VA

	 2177
	  	 4832 VALLEY VIEW BLVD NW
	  	 ROANOKE
	  	 VA

	 2290
	  	 6 SOUTHPARK MALL
	  	 COLONIAL HTS
	  	 VA

	 2619
	  	 10101 BROOK RD STE 800
	  	 GLEN ALLEN
	  	 VA

	 2749
	  	 21030 DULLES TOWN CIR
	  	 STERLING
	  	 VA

	 2935
	  	 2071 COLISEUM DR
	  	 HAMPTON
	  	 VA

	 1256
	  	 1321 N COLUMBIA CTR BLVD # 100
	  	 KENNEWICK
	  	 WA

	 1823
	  	 8900 NE VANCOUVER MALL DR
	  	 VANCOUVER
	  	 WA

	 2011
	  	 18601 33RD AVE W
	  	 LYNNWOOD
	  	 WA

	 2327
	  	 10 BELLIS FAIR PKWY
	  	 BELLINGHAM
	  	 WA

	 2353
	  	 10315 SILVERDALE WAY NW
	  	 SILVERDALE
	  	 WA

	 9131
	  	 11810 W BURLEIGH ST
	  	 WAUWATOSA
	  	 WI

	 171
	  	 10225 77TH ST
	  	 PLEASANT PRAIRIE
	  	 WI

	 1217
	  	 23 WEST TOWNE MALL
	  	 MADISON
	  	 WI

	 2185
	  	 4301 W WISCONSIN AVE
	  	 APPLETON
	  	 WI

	 2653
	  	 4770 GOLF RD
	  	 EAU CLAIRE
	  	 WI

	 2866
	  	 800 WILLARD DR
	  	 ASHWAUBENON
	  	 WI

	 1674
	  	 800 MALL RD
	  	 BARBOURSVILLE
	  	 WV

	 2083
	  	 401 LEE ST E
	  	 CHARLESTON
	  	 WV

	 2976
	  	 515 CABELA DR
	  	 TRIADELPHIA
	  	 WV

 Schedule 5.16(a)(iii) 

Title Policy Properties 
  

							
	Store No.	  	Address	  	City	  	State
	 67
	  	 500 LEHIGH VALLEY MALL
	  	 WHITEHALL
	  	 PA

	 192
	  	 11801 FAIR OAKS MALL
	  	 FAIRFAX
	  	 VA

	 197
	  	 360 GATEWAY DR
	  	 BROOKLYN
	  	 NY

	 237
	  	 3 ORLAND SQ DR
	  	 ORLAND PARK
	  	 IL

	 241
	  	 2000 RT 38 STE 1000
	  	 CHERRY HILL
	  	 NJ

	 389
	  	 1500 STONERIDGE MALL RD
	  	 PLEASANTON
	  	 CA

	 634
	  	 3040 PLAZA BONITA RD
	  	 NATIONAL CITY
	  	 CA

	 699
	  	 1169 GLENDALE GALLERIA
	  	 GLENDALE
	  	 CA

	 816
	  	 606 CHRISTIANA MALL
	  	 NEWARK
	  	 DE

	 933
	  	 300 WESTFARMS MALL
	  	 FARMINGTON
	  	 CT

	 1229
	  	 280 HILLCREST DR W
	  	 THOUSAND OAKS
	  	 CA

	 1405
	  	 12421 WAYZATA BLVD
	  	 MINNETONKA
	  	 MN

	 1462
	  	 6699 SPRINGFIELD MALL
	  	 SPRINGFIELD
	  	 VA

	 1505
	  	 1203 PLAZA DR
	  	 WEST COVINA
	  	 CA

	 1572
	  	 6000 S HANNUM AVE
	  	 CULVER CITY
	  	 CA

	 1623
	  	 27150 NOVI RD
	  	 NOVI
	  	 MI

	 2011
	  	 18601 33RD AVE W
	  	 LYNNWOOD
	  	 WA

	 2172
	  	 1600 TOWN CENTER DR
	  	 MONTEBELLO
	  	 CA

	 2256
	  	 7 BACKUS AVE
	  	 DANBURY
	  	 CT

	 2297
	  	 10 MALL DR W
	  	 JERSEY CITY
	  	 NJ

	 2795
	  	 2607 PRESTON RD
	  	 FRISCO
	  	 TX

	 9005
	  	 1634 SALISBURY RD
	  	 STATESVILLE
	  	 NC

	 9010
	  	 6800 VALLEY VIEW AVE STE 202
	  	 BUENA PARK
	  	 CA

	 9130
	  	 2525 PARK CRESCENT DR
	  	 COLUMBUS
	  	 OH

	 9131
	  	 11810 W BURLEIGH ST
	  	 WAUWATOSA
	  	 WI

	 9132
	  	 16000 W 107TH ST
	  	 LENEXA
	  	 KS

	 9316
	  	 11111 STEAD BLVD
	  	 RENO
	  	 NV

	 9317
	  	 1339 TOLLAND TPK
	  	 MANCHESTER
	  	 CT

	 9435
	  	 1701 INTERMODAL PKWY
	  	 HASLET
	  	 TX

	 9486/9129
	  	 120 PENNEY RD
	  	 ATLANTA
	  	 GA

 Schedule 5.16(a)(iv) 

Initial Appraisal Properties 
  

							
	 Store #
	  	 Address
	  	 City
	  	 ST

	 1
	  	722 J C PENNEY DR	  	KEMMERER	  	WY
	 27
	  	12300 SE 82ND AVE	  	PORTLAND	  	OR
	 30
	  	14301 BURNHAVEN DR	  	BURNSVILLE	  	MN
	 43
	  	621 MAIN ST	  	ALAMOSA	  	CO
	 67
	  	500 LEHIGH VALLEY MALL	  	WHITEHALL	  	PA
	 90
	  	4530 N ORACLE RD	  	TUCSON	  	AZ
	 99
	  	300 CROSS CREEK MALL	  	FAYETTEVILLE	  	NC
	 102
	  	9801 CORTANA PL	  	BATON ROUGE	  	LA
	 109
	  	1343 COMMERCIAL ST	  	ASTORIA	  	OR
	 116
	  	81 ROCKINGHAM PARK BLVD	  	SALEM	  	NH
	 130
	  	601-635 HARRY L DR STE 99	  	JOHNSON CITY	  	NY
	 135
	  	344 V BUCKLAND HLS DR STE 7000	  	MANCHESTER	  	CT
	 141
	  	1207 N COMMERCE	  	ARDMORE	  	OK
	 152
	  	4835 PROMENADE PKWY	  	BESSEMER	  	AL
	 161
	  	5043 JIMMY LEE SMITH PKWY	  	HIRAM	  	GA
	 171
	  	10225 77TH ST	  	PLEASANT PRAIRIE	  	WI
	 179
	  	6051 SKILLMAN ST	  	DALLAS	  	TX
	 183
	  	2100 HAMILTON PLACE BLVD	  	CHATTANOOGA	  	TN
	 192
	  	11801 FAIR OAKS MALL	  	FAIRFAX	  	VA
	 197
	  	360 GATEWAY DR	  	BROOKLYN	  	NY
	 209
	  	3411 MERCHANT BLVD	  	ABINGDON	  	MD
	 220
	  	1500 E WASHINGTON AVE	  	UNION GAP	  	WA
	 237
	  	3 ORLAND SQ DR	  	ORLAND PARK	  	IL
	 241
	  	2000 RT 38 STE 1000	  	CHERRY HILL	  	NJ
	 246
	  	20700 AVALON BLVD	  	CARSON	  	CA
	 273
	  	701 RUSSELL AVE	  	GAITHERSBURG	  	MD
	 304
	  	3550 MCCANN RD	  	LONGVIEW	  	TX
	 334
	  	1330 TRAVIS BLVD	  	FAIRFIELD	  	CA
	 355
	  	1251 US 31 N	  	GREENWOOD	  	IN
	 367
	  	400 BALD HILL RD	  	WARWICK	  	RI
	 389
	  	1500 STONERIDGE MALL RD	  	PLEASANTON	  	CA
	 439
	  	600 EASTVIEW MALL	  	VICTOR	  	NY
	 465
	  	24140 MAGIC MOUNTAIN PKY	  	SANTA CLARITA	  	CA
	 466
	  	150 HOMER ADAMS PKWY	  	ALTON	  	IL
	 478
	  	5200 MEADOWOOD MALL CIR	  	RENO	  	NV
	 496
	  	1700 W COUNTY RD B-2	  	ROSEVILLE	  	MN
	 497
	  	305 MOUNT HOPE AVE	  	ROCKAWAY	  	NJ
	 559
	  	2424 US 6TH AND 50TH	  	GRAND JUNCTION	  	CO
	 566
	  	2555 EL CAMINO REAL	  	CARLSBAD	  	CA
	 631
	  	6301 NW LOOP 410	  	SAN ANTONIO	  	TX
	 634
	  	3040 PLAZA BONITA RD	  	NATIONAL CITY	  	CA
	 652
	  	2200 W WAR MEMORIAL DR STE 997	  	PEORIA	  	IL
	 658
	  	5300 SAN DARIO	  	LAREDO	  	TX
	 695
	  	700 HAYWOOD RD	  	GREENVILLE	  	SC

							
	 Store #
	  	 Address
	  	 City
	  	 ST

	 699
	  	1169 GLENDALE GALLERIA	  	GLENDALE	  	CA
	 7034770703
	  	408 MITCHELL ST	  	PETOSKEY	  	MI
	 731
	  	3202 OAKVIEW DR	  	OMAHA	  	NE
	 778
	  	1408 N PARHAM RD	  	RICHMOND	  	VA
	 779
	  	6000 FLORENCE MALL	  	FLORENCE	  	KY
	 786
	  	7900 GOVERNOR RITCHIE HWY	  	GLEN BURNIE	  	MD
	 816
	  	606 CHRISTIANA MALL	  	NEWARK	  	DE
	 863
	  	680 CITADEL DR E	  	COLORADO SPRINGS	  	CO
	 910
	  	4129 E WILDER RD	  	BAY CITY	  	MI
	 933
	  	300 WESTFARMS MALL	  	FARMINGTON	  	CT
	 951
	  	1365 N DUPONT HWY STE 5000	  	DOVER	  	DE
	 982
	  	7777 EASTPOINT MALL	  	BALTIMORE	  	MD
	 1046
	  	2201 S INTERSTATE 35 E STE D	  	DENTON	  	TX
	 1049
	  	4 FOX VALLEY CTR	  	AURORA	  	IL
	 1064
	  	324 E SAN ANTONIO ST	  	EL PASO	  	TX
	 1081
	  	1780 GALLERIA BLVD	  	FRANKLIN	  	TN
	 1101
	  	715 E EXPRESSWAY 83	  	WESLACO	  	TX
	 1106
	  	1950 PRAIRIE CENTER PKWY	  	BRIGHTON	  	CO
	 1122
	  	2501 W MEMORIAL RD	  	OKLAHOMA CITY	  	OK
	 1128
	  	2520 GULF FWY S	  	LEAGUE CITY	  	TX
	 1135
	  	3409 CANDLERS MOUNTAIN RD	  	LYNCHBURG	  	VA
	 1140
	  	4541 S LABURNUM AVE	  	RICHMOND	  	VA
	 1150
	  	STATE HWY 35 AND 36	  	EATONTOWN	  	NJ
	 1156
	  	4915 CLAREMONT AVE	  	STOCKTON	  	CA
	 1161
	  	5256 ROUTE 30	  	GREENSBURG	  	PA
	 1168
	  	14200 E ALAMEDA AVE	  	AURORA	  	CO
	 1180
	  	260 WAYNE TOWNE CTR	  	WAYNE	  	NJ
	 1192
	  	600 SUNRISE MALL	  	MASSAPEQUA L I	  	NY
	 1212
	  	3075 CLAIRTON RD STE 100	  	WEST MIFFLIN	  	PA
	 1217
	  	23 WEST TOWNE MALL	  	MADISON	  	WI
	 1223
	  	24200 LAGUNA HILLS MALL	  	LAGUNA HILLS	  	CA
	 1229
	  	280 HILLCREST DR W	  	THOUSAND OAKS	  	CA
	 1256
	  	1321 N COLUMBIA CTR BLVD # 100	  	KENNEWICK	  	WA
	 1270
	  	3939 S CARSON ST	  	CARSON CITY	  	NV
	 1306
	  	35000 W WARREN RD	  	WESTLAND	  	MI
	 1323
	  	5100 GREAT NORTHERN MALL	  	N OLMSTED	  	OH
	 1352
	  	700 W 14 MILE RD	  	TROY	  	MI
	 1389
	  	11801 W 95TH ST	  	OVERLAND PARK	  	KS
	 1398
	  	23000 EUREKA RD STE A3	  	TAYLOR	  	MI
	 1405
	  	12421 WAYZATA BLVD	  	MINNETONKA	  	MN
	 1419
	  	1900 GREEN OAKS RD	  	FORT WORTH	  	TX
	 1432
	  	14300 LAKESIDE CIR	  	STERLING HTS	  	MI
	 1443
	  	245 ST CLAIR SQ	  	FAIRVIEW HGTS	  	IL
	 1451
	  	3340 MALL LOOP DR SPACE 2	  	JOLIET	  	IL
	 1462
	  	6699 SPRINGFIELD MALL	  	SPRINGFIELD	  	VA
	 1475
	  	27001 US HWY 19 N	  	CLEARWATER	  	FL
	 1480
	  	4510 E CACTUS RD	  	PHOENIX	  	AZ

							
	 Store #
	  	 Address
	  	 City
	  	 ST

	 1505
	  	1203 PLAZA DR	  	WEST COVINA	  	CA
	 1510
	  	1303 NIAGARA FALLS BLVD	  	AMHERST	  	NY
	 1529
	  	755 STATE RT 18 STE 600	  	E BRUNSWICK	  	NJ
	 1572
	  	6000 S HANNUM AVE	  	CULVER CITY	  	CA
	 1580
	  	3225 28TH ST SE	  	GRAND RAPIDS	  	MI
	 1590
	  	4600 W KELLOGG RD	  	WICHITA	  	KS
	 1618
	  	25 MIRACLE MILE DR	  	ROCHESTER	  	NY
	 1623
	  	27150 NOVI RD	  	NOVI	  	MI
	 1674
	  	800 MALL RD	  	BARBOURSVILLE	  	WV
	 1704
	  	4803 OUTER LOOP RD	  	LOUISVILLE	  	KY
	 1786
	  	1701 MACFARLAND BLVD E	  	TUSCALOOSA	  	AL
	 1794
	  	4400 MEADOWS LANE	  	LAS VEGAS	  	NV
	 1823
	  	8900 NE VANCOUVER MALL DR	  	VANCOUVER	  	WA
	 1869
	  	8200 PERRY HALL BLVD	  	BALTIMORE	  	MD
	 1899
	  	4621 EASTGATE BLVD	  	CINCINNATI	  	OH
	 1951
	  	3401 DONNELL DR	  	FORESTVILLE	  	MD
	 1958
	  	6455 EASTEX FRWY	  	BEAUMONT	  	TX
	 1960
	  	3605 GALLERIA AT TYLER	  	RIVERSIDE	  	CA
	 1963
	  	320 W KIMBERLY RD STE 409	  	DAVENPORT	  	IA
	 1979
	  	3535 S LINDEN RD	  	FLINT	  	MI
	 1981
	  	2901 BROOKS ST	  	MISSOULA	  	MT
	 1982
	  	6580 S WESTNEDGE AVE	  	PORTAGE	  	MI
	 1983
	  	428 WOODBRIDGE CTR DR	  	WOODBRIDGE	  	NJ
	 1989
	  	6000 SUNSET MALL	  	SAN ANGELO	  	TX
	 2006
	  	3600 COUNTRY CLUB DR STOP 4	  	JEFFERSON CITY	  	MO
	 2011
	  	18601 33RD AVE W	  	LYNNWOOD	  	WA
	 2024
	  	1639 E RIO RD	  	CHARLOTTESVILLE	  	VA
	 2036
	  	4511 N MIDKIFF RD	  	MIDLAND	  	TX
	 2040
	  	2901 S CAPITOL OF TEXAS HWY	  	AUSTIN	  	TX
	 2055
	  	821 N CENTRAL EXPWY	  	PLANO	  	TX
	 2059
	  	5801 BECKLEY RD	  	BATTLE CREEK	  	MI
	 2083
	  	401 LEE ST E	  	CHARLESTON	  	WV
	 2091
	  	700 MAINE MALL RD	  	SOUTH PORTLAND	  	ME
	 2096
	  	72900 HWY 111	  	PALM DESERT	  	CA
	 2102
	  	1695 ANNAPOLIS MALL	  	ANNAPOLIS	  	MD
	 2104
	  	7925 FM 1960 RD STE 7000	  	HOUSTON	  	TX
	 2108
	  	2000 SAN JACINTO MALL	  	BAYTOWN	  	TX
	 2110
	  	2100 S W S YOUNG DR STE 2000	  	KILLEEN	  	TX
	 2115
	  	2000 MARTIN LUTHER KING JR BLV	  	PANAMA CITY	  	FL
	 2123
	  	2950 E TEXAS AVE	  	BOSSIER CITY	  	LA
	 2140
	  	2006 S EXPY 83	  	HARLINGEN	  	TX
	 2160
	  	5453 W 88TH AVE	  	WESTMINSTER	  	CO
	 2163
	  	200 RIVER OAKS DR	  	CALUMET CITY	  	IL
	 2168
	  	1200 E COUNTY LINE RD	  	RIDGELAND	  	MS
	 2169
	  	7701 W I-40 STE 600	  	AMARILLO	  	TX
	 2171
	  	290 E VIA RANCHO PKWY	  	ESCONDIDO	  	CA
	 2172
	  	1600 TOWN CENTER DR	  	MONTEBELLO	  	CA

							
	 Store #
	  	 Address
	  	 City
	  	 ST

	 2173
	  	ONE MALL BLVD	  	BRUNSWICK	  	GA
	 2175
	  	4761 PECANLAND MALL DR	  	MONROE	  	LA
	 2177
	  	4832 VALLEY VIEW BLVD NW	  	ROANOKE	  	VA
	 2178
	  	8106 N NAVARRO ST	  	VICTORIA	  	TX
	 2184
	  	1500 HARVEY RD	  	COLLEGE STATION	  	TX
	 2185
	  	4301 W WISCONSIN AVE	  	APPLETON	  	WI
	 2209
	  	2501 MING AVE	  	BAKERSFIELD	  	CA
	 2218
	  	2300 RIVERCHASE GALLERIA	  	HOOVER	  	AL
	 2229
	  	4250 CERRILLOS RD	  	SANTA FE	  	NM
	 2232
	  	5065 MAIN ST	  	TRUMBULL	  	CT
	 2247
	  	310 DANIEL WEBSTER HWY STE 103	  	NASHUA	  	NH
	 2250
	  	50 FOX RUN RD STE 35	  	NEWINGTON	  	NH
	 2256
	  	7 BACKUS AVE	  	DANBURY	  	CT
	 2258
	  	3450 WRIGHTSBORO RD	  	AUGUSTA	  	GA
	 2263
	  	1006 ROSS PARK MALL DR	  	PITTSBURGH	  	PA
	 2265
	  	2901 PINES MALL DR STE A	  	PINE BLUFF	  	AR
	 2266
	  	2080 GREELEY MALL	  	GREELEY	  	CO
	 2279
	  	4901 N KICKAPOO AVE STE 4000	  	SHAWNEE	  	OK
	 2284
	  	2301 W WORLEY	  	COLUMBIA	  	MO
	 2287
	  	4405 BLACK HORSE PIKE	  	MAYS LANDING	  	NJ
	 2290
	  	6 SOUTHPARK MALL	  	COLONIAL HTS	  	VA
	 2297
	  	10 MALL DR W	  	JERSEY CITY	  	NJ
	 2303
	  	1970 US HWY 70 SE	  	HICKORY	  	NC
	 2304
	  	1821 SW WANAMAKER RD	  	TOPEKA	  	KS
	 2312
	  	300 N MILWAUKEE ST	  	BOISE	  	ID
	 2316
	  	2601 DAWSON RD	  	ALBANY	  	GA
	 2327
	  	10 BELLIS FAIR PKWY	  	BELLINGHAM	  	WA
	 2346
	  	3 S TUNNEL RD	  	ASHEVILLE	  	NC
	 2349
	  	3300 S AIRPORT RD W	  	TRAVERSE CITY	  	MI
	 2353
	  	10315 SILVERDALE WAY NW	  	SILVERDALE	  	WA
	 2388
	  	1131 W RANCHO VISTA BLVD	  	PALMDALE	  	CA
	 2392
	  	1600 N STATE RT 50	  	BOURBONNAIS	  	IL
	 2398
	  	900 COMMONS DR STE 900	  	DOTHAN	  	AL
	 2410
	  	2401 S STEMMONS FWY STE 4000	  	LEWISVILLE	  	TX
	 2414
	  	355 FLETCHER PKWY	  	EL CAJON	  	CA
	 2428
	  	4400 24TH AVE	  	FORT GRATIOT	  	MI
	 2443
	  	11130 MALL CIR	  	WALDORF	  	MD
	 2445
	  	6840 EASTMAN AVE	  	MIDLAND	  	MI
	 2467
	  	1695 ARDEN WAY	  	SACRAMENTO	  	CA
	 2477
	  	3710 HWY 9	  	FREEHOLD	  	NJ
	 2480
	  	22450 TOWN CIR	  	MORENO VALLEY	  	CA
	 2482
	  	5725 JOHNSTON ST	  	LAFAYETTE	  	LA
	 2490
	  	231 GREECE RIDGE CTR DR	  	GREECE	  	NY
	 2495
	  	1850 ADAMS ST STE 2	  	MANKATO	  	MN
	 2496
	  	500 NEWPARK MALL	  	NEWARK	  	CA
	 2507
	  	312 W PRIEN LAKE RD	  	LAKE CHARLES	  	LA
	 2521
	  	9100 N SKYVIEW AVE	  	KANSAS CITY	  	MO

							
	 Store #
	  	 Address
	  	 City
	  	 ST

	 2522
	  	9056 N 121ST EAST AVE	  	OWASSO	  	OK
	 2523
	  	215 CREEKSIDE WAY	  	NEW BRAUNFELS	  	TX
	 2524
	  	2421 CRANBERRY HWY STE 290	  	WAREHAM	  	MA
	 2526
	  	7352 GLORY RD	  	BAXTER	  	MN
	 2527
	  	500 WINCHESTER AVE	  	ASHLAND	  	KY
	 2529
	  	11534 PARKSIDE DR	  	FARRAGUT	  	TN
	 2530
	  	1301 CENTER RD	  	AVON	  	OH
	 2534
	  	501 C M FAGAN DR	  	HAMMOND	  	LA
	 2613
	  	1932 E 20TH ST	  	CHICO	  	CA
	 2617
	  	7600 KINGSTON PIKE	  	KNOXVILLE	  	TN
	 2619
	  	10101 BROOK RD STE 800	  	GLEN ALLEN	  	VA
	 2626
	  	1312 W SUNSET RD	  	HENDERSON	  	NV
	 2631
	  	58000 TWENTY-NINE PALMS HWY	  	YUCCA VALLEY	  	CA
	 2632
	  	4 MID RIVERS MALL	  	ST PETERS	  	MO
	 2651
	  	68 GATEWAY MALL	  	LINCOLN	  	NE
	 2653
	  	4770 GOLF RD	  	EAU CLAIRE	  	WI
	 2655
	  	90 W 5TH ST	  	DOUGLAS	  	AZ
	 2661
	  	RT 60 & HWY 21	  	VERNON HILLS	  	IL
	 2663
	  	377 S MILLS RD	  	VENTURA	  	CA
	 2676
	  	1215 S MAIN ST	  	SIKESTON	  	MO
	 2678
	  	658 RICHLAND MALL	  	MANSFIELD	  	OH
	 2682
	  	1901 NW EXPWY STE 1200	  	OKLAHOMA CITY	  	OK
	 2683
	  	17177 ROYALTON RD	  	STRONGSVILLE	  	OH
	 2685
	  	3851 S COOPER ST	  	ARLINGTON	  	TX
	 2690
	  	1000 TURTLE CREEK DR	  	HATTIESBURG	  	MS
	 2692
	  	2422 W KETTLEMAN LANE	  	LODI	  	CA
	 2696
	  	11200 LAKELINE MALL DR	  	CEDAR PARK	  	TX
	 2697
	  	16529 SOUTHWEST FRWY	  	SUGARLAND	  	TX
	 2700
	  	5083 TUTTLE CROSSING BLVD	  	DUBLIN	  	OH
	 2703
	  	2756 N GERMANTOWN PKWY	  	MEMPHIS	  	TN
	 2704
	  	10000 COORS BYPASS NW	  	ALBUQUERQUE	  	NM
	 2708
	  	573 DONALD LYNCH BLVD	  	MARLBOROUGH	  	MA
	 2729
	  	3311 IOWA ST	  	LAWRENCE	  	KS
	 2739
	  	20131 HWY 59N STE 3000	  	HUMBLE	  	TX
	 2742
	  	1840 COUNTRYSIDE DR	  	TURLOCK	  	CA
	 2749
	  	21030 DULLES TOWN CIR	  	STERLING	  	VA
	 2753
	  	6201 BLUEBONNET BLVD	  	BATON ROUGE	  	LA
	 2755
	  	120 NIBLICK RD	  	PASO ROBLES	  	CA
	 2757
	  	8417 S PARK MEADOWS CTR DR	  	LONE TREE	  	CO
	 2758
	  	1471 CORAL RIDGE AVE	  	CORALVILLE	  	IA
	 2763
	  	1201 LAKE WOODLANDS DR STE 500	  	THE WOODLANDS	  	TX
	 2767
	  	1500 S WILLOW ST	  	MANCHESTER	  	NH
	 2783
	  	40640 WINCHESTER RD	  	TEMECULA	  	CA
	 2785
	  	3774 RIVERTOWN PRKWY SW	  	GRANDVILLE	  	MI
	 2795
	  	2607 PRESTON RD	  	FRISCO	  	TX
	 2796
	  	1125 GALLERIA BLVD	  	ROSEVILLE	  	CA
	 2801
	  	1450 POLARIS PKWY	  	COLUMBUS	  	OH

							
	 Store #
	  	 Address
	  	 City
	  	 ST

	 2802
	  	2000 ROBINSON TOWN CTR	  	PITTSBURGH	  	PA
	 2806
	  	2370 N EXPWY STE 2000	  	BROWNSVILLE	  	TX
	 2807
	  	5690 HARVEY ST	  	MUSKEGON	  	MI
	 2815
	  	3200 GATEWAY BLVD	  	PRESCOTT	  	AZ
	 2816
	  	3351 S DOGWOOD	  	EL CENTRO	  	CA
	 2824
	  	6620 TOWNE CENTER LOOP STE E	  	SOUTHAVEN	  	MS
	 2830
	  	7200 E HARRISON AVE	  	ROCKFORD	  	IL
	 2833
	  	6909 N LOOP 1604 E	  	SAN ANTONIO	  	TX
	 2834
	  	69340 HWY 21	  	COVINGTON	  	LA
	 2835
	  	3000 E HIGHLAND DR STE 516	  	JONESBORO	  	AR
	 2837
	  	1375 S YUMA PALMS PKWY	  	YUMA	  	AZ
	 2840
	  	1236 EASTDALE MALL	  	MONTGOMERY	  	AL
	 2844
	  	100 BAYBROOK MALL	  	FRIENDSWOOD	  	TX
	 2848
	  	4485 S GRAND CANYON DR	  	LAS VEGAS	  	NV
	 2849
	  	10000 ALABAMA ST	  	REDLANDS	  	CA
	 2862
	  	3459 PRINCETON RD	  	HAMILTON	  	OH
	 2863
	  	23523 GRAND CIRCLE BLVD	  	KATY	  	TX
	 2864
	  	3001 WHITE BEAR AVE	  	MAPLEWOOD	  	MN
	 2865
	  	8348 TAMARACK VILLAGE	  	WOODBURY	  	MN
	 2866
	  	800 WILLARD DR	  	ASHWAUBENON	  	WI
	 2868
	  	401 S MT JULIET RD STE 630	  	MT JULIET	  	TN
	 2869
	  	5060 PINNACLE SQ	  	TRUSSVILLE	  	AL
	 2872
	  	1380 HWY 20 W	  	MCDONOUGH	  	GA
	 2873
	  	304 FORUM DR	  	COLUMBIA	  	SC
	 2874
	  	341 NEWNAN CROSSING BYP	  	NEWNAN	  	GA
	 2875
	  	22500 TOWN CENTER AVE	  	SPANISH FORT	  	AL
	 2876
	  	14658 DELAWARE ST	  	WESTMINSTER	  	CO
	 2877
	  	17710 LA CANTERA PKWY	  	SAN ANTONIO	  	TX
	 2878
	  	4680 HIGH POINTE BLVD	  	HARRISBURG	  	PA
	 2879
	  	2202 BELLVIEW RD	  	ROGERS	  	AR
	 2881
	  	300 MEMORIAL CITY WAY	  	HOUSTON	  	TX
	 2883
	  	2500 SMITH RANCH RD	  	PEARLAND	  	TX
	 2884
	  	12351 N IH-35	  	AUSTIN	  	TX
	 2885
	  	5120 FAIRMONT PKWY	  	PASADENA	  	TX
	 2903
	  	3141 WATERMILL DR	  	BURLINGTON	  	NC
	 2904
	  	9500 S IH-35 STE H	  	AUSTIN	  	TX
	 2906
	  	1720 OLD FORT PKWY	  	MURFREESBORO	  	TN
	 2907
	  	6302 S CENTRAL ST	  	AURORA	  	CO
	 2909
	  	7939 HWY N	  	DARDENNE PRAIRIE	  	MO
	 2910
	  	7751 TOWNE CENTER PKWY	  	PAPILLION	  	NE
	 2911
	  	11552 S DISTRICT DR	  	SOUTH JORDAN	  	UT
	 2914
	  	2600 S SHACKLEFORD RD	  	LITTLE ROCK	  	AR
	 2918
	  	340 S COLONIAL DR	  	ALABASTER	  	AL
	 2920
	  	9480 VILLAGE PLACE BLVD	  	BRIGHTON	  	MI
	 2922
	  	13900 HOARD DR	  	NOBLESVILLE	  	IN
	 2926
	  	7451 YOUREE DR	  	SHREVEPORT	  	LA
	 2927
	  	410 PORTERS VALE BLVD	  	VALPARAISO	  	IN

							
	 Store #
	  	 Address
	  	 City
	  	 ST

	 2928
	  	1100 OGDEN AVE	  	MONTGOMERY	  	IL
	 2930
	  	1600 ORCHARD GATEWAY BLVD	  	NORTH AURORA	  	IL
	 2931
	  	3100 MAIN ST STE 1000	  	MAUMEE	  	OH
	 2932
	  	3400 RIO GRANDE AVE	  	MONTROSE	  	CO
	 2933
	  	1200 N HAPPY VALLEY RD	  	NAMPA	  	ID
	 2934
	  	151 UNIVERSITY OAKS	  	ROUND ROCK	  	TX
	 2935
	  	2071 COLISEUM DR	  	HAMPTON	  	VA
	 2937
	  	14659 RAMONA AVE	  	CHINO	  	CA
	 2941
	  	2400 S SERVICE RD	  	MOORE	  	OK
	 2942
	  	7271 SE 29TH ST	  	MIDWEST CITY	  	OK
	 2943
	  	3675 STONE CREEK BLVD	  	COLERAIN TOWNSHIP	  	OH
	 2944
	  	25646 HWY 290	  	CYPRESS	  	TX
	 2946
	  	1015 E I 30	  	ROCKWALL	  	TX
	 2949
	  	1441 N HWY 77	  	WAXAHACHIE	  	TX
	 2950
	  	800 S RANDALL RD	  	ALGONQUIN	  	IL
	 2951
	  	2940 COMMERCE DR	  	JOHNSBURG	  	IL
	 2952
	  	4451 PROMENADE WAY	  	MATTESON	  	IL
	 2953
	  	8100 N FLINTLOCK RD	  	KANSAS CITY	  	MO
	 2956
	  	550 PINNACLE PL	  	PRATTVILLE	  	AL
	 2957
	  	4185 RIVERDALE RD	  	RIVERDALE	  	UT
	 2959
	  	419 E TRENTON RD	  	EDINBURG	  	TX
	 2960
	  	1950 JOE BATTLE BLVD	  	EL PASO	  	TX
	 2961
	  	3125 LOUISIANA AVE	  	LAFAYETTE	  	LA
	 2964
	  	2060 SAM RITTENBERG BLVD	  	CHARLESTON	  	SC
	 2965
	  	3650 NEW CENTER PT	  	COLORADO SPRINGS	  	CO
	 2966
	  	8568 E 49TH AVE	  	DENVER	  	CO
	 2967
	  	50753 WATERSIDE DR	  	CHESTERFIELD TOWNSHP	  	MI
	 2971
	  	300 TOWN CENTER BLVD	  	WHITE LAKE TOWNSHIP	  	MI
	 2972
	  	43690 FORD RD	  	CANTON	  	MI
	 2973
	  	11325 W LINCOLN HWY	  	MOKENA	  	IL
	 2975
	  	3333 MARKET PLACE DR	  	COUNCIL BLUFFS	  	IA
	 2976
	  	515 CABELA DR	  	TRIADELPHIA	  	WV
	 2977
	  	5886 HIGHWAY 100	  	WASHINGTON	  	MO
	 2980
	  	3165 INTERSTATE 45 N	  	CONROE	  	TX
	 2982
	  	301 STACY RD	  	FAIRVIEW	  	TX
	 2983
	  	800 BARNES ST	  	SAN MARCOS	  	TX
	 2986
	  	200 MARKET ST	  	FLOWOOD	  	MS
	 2988
	  	7700 POLO GROUNDS BLVD	  	MEMPHIS	  	TN
	 2989
	  	1800 COASTAL GRAND CIR	  	MYRTLE BEACH	  	SC
	 2990
	  	6901 W 135TH ST	  	OVERLAND PARK	  	KS
	 2991
	  	5335 W LOOP 1604 N	  	SAN ANTONIO	  	TX
	 2993
	  	798 GRAVOIS BLUFFS BLVD	  	FENTON	  	MO
	 2994
	  	3363 LOWERY PKWY	  	FULTONDALE	  	AL
	 2998
	  	19005 SE MILL PLAIN BLVD	  	VANCOUVER	  	WA
	 2999
	  	1060 PERIMETER DR	  	MANTECA	  	CA
	 9005
	  	1634 SALISBURY RD	  	STATESVILLE	  	NC
	 9010
	  	6800 VALLEY VIEW AVE STE 202	  	BUENA PARK	  	CA

							
	 Store #
	  	 Address
	  	 City
	  	 ST

	 9130
	  	2525 PARK CRESCENT DR	  	COLUMBUS	  	OH
	 9131
	  	11810 W BURLEIGH ST	  	WAUWATOSA	  	WI
	 9132
	  	16000 W 107TH ST	  	LENEXA	  	KS
	 9316
	  	11111 STEAD BLVD	  	RENO	  	NV
	 9317
	  	1339 TOLLAND TPK	  	MANCHESTER	  	CT
	 9435
	  	1701 INTERMODAL PKWY	  	HASLET	  	TX
	 9486/9129
	  	120 PENNEY RD	  	ATLANTA	  	GA

 Schedule 6.1 

Certain Indebtedness 
  

			
	 Capital lease obligations as

set forth on Annex A hereto
	  	Amount as of
4/30/2016:
$24,651,224.32
	 Promissory Note dated March 2, 2016 in the amount of $3,500,000 executed by J. C. Penney Services
India Private Limited payable to J. C. Penney Corporation, Inc.
	  	

 Annex A 

Capital Lease Obligations 

(see attached) 

 J. C. Penney Company, Inc. 

Schedule of Capital Leases 
 As of April 30, 2016

  

											
		  		  				  	  
	  
	 
		  	Total Capital Leases	  				  	 	24,651,224.32	  
		  		  				  	  
	  
	 
				
	 Store Capital Leases
	  		  				  			
				
	 Store Number
	  	 Description
	  	End Date	 	  	Total Ending
Obligation	 
	 00370
	  	Richmond CA	  	 	05/31/2021	  	  	 	857,101.06	  
	 00700
	  	Trenton NJ	  	 	04/30/2021	  	  	 	742,783.54	  
	 00819
	  	Ann Arbor MI	  	 	03/31/2019	  	  	 	383,788.93	  
		  		  				  	  
	  
	 
		  		  				  	 	1,983,673.53	  
		  		  				  	  
	  
	 
				
	 Other Real Estate Leases
	  		  				  			
				
	 Store Number
	  	 Description
	  	End Date	 	  	Total Ending
Obligation	 
	 02894
	  	Lithonia GA	  	 	11/15/2021	  	  	 	169,620.00	  
		  		  				  	  
	  
	 
		  		  				  	 	169,620.00	  
		  		  				  	  
	  
	 
				
	 Printer Leases
	  		  				  			
				
	 Lease Number
	  	 Description
	  	End Date	 	  	Total Ending
Obligation	 
	 Cannon Printer-30
	  	HO Print Shop	  	 	09/11/2018	  	  	 	625,120.36	  
	 Entouch
	  	Energy Mgmt System	  	 	06/30/2017	  	  	 	159,218.21	  
		  		  				  	  
	  
	 
		  		  				  	 	784,338.57	  
		  		  				  	  
	  
	 
				
	 IT Capital Leases
	  		  				  			
				
	 Lease Number
	  	 Description
	  	End Date	 	  	Total Ending
Obligation	 
	 Cisco-10
	  	3rd Party Hardware-SC007-0-Network Refresh	  	 	07/31/2017	  	  	 	259,548.53	  
	 Cisco-11
	  	3rd Party hardware-SC008-0-Network Refresh	  	 	07/31/2017	  	  	 	198,234.17	  
	 Cisco-12
	  	3rd Party Hardware-SC009-0-network refresh	  	 	07/31/2017	  	  	 	196,375.01	  
	 Cisco-13
	  	Cisco Hardware-011-000-Network Refresh	  	 	07/31/2017	  	  	 	2,091,254.69	  
	 Cisco-15
	  	Cisco-012-000-Network Refresh P1203565	  	 	08/31/2017	  	  	 	828,836.47	  
	 Cisco-16
	  	Cisco-013-000-Network Refresh-P1203565	  	 	08/31/2017	  	  	 	1,043,093.81	  
	 Cisco-17
	  	Network Refresh - 018-000	  	 	10/31/2017	  	  	 	322,988.48	  
	 Cisco-31
	  	019-000 Network Refresh P108420	  	 	05/31/2018	  	  	 	140,195.06	  
	 Cisco-5
	  	Cisco hardware 001-000 Network Refresh	  	 	07/31/2017	  	  	 	395,232.58	  
	 Cisco-6
	  	Cisco hardware-002-000-Network Refresh	  	 	07/31/2017	  	  	 	6,782,156.41	  
	 Cisco-7
	  	3rd Party-SC003-0-Network Refresh Hardware	  	 	07/31/2017	  	  	 	386,882.50	  
	 Cisco-8
	  	3rd Party Hardware-SC004-0-Network Refresh	  	 	07/31/2017	  	  	 	259,549.21	  
	 Cisco-9
	  	Cisco Hardware-SC005-0-Networ Refresh	  	 	07/31/2017	  	  	 	1,334,396.25	  
	 EMC-3
	  	Lenexa VMAX - ADW Refresh	  	 	06/30/2016	  	  	 	65,050.37	  
	 HPFS-27
	  	100017000095-P1203565-Network Refresh	  	 	12/31/2017	  	  	 	205,769.28	  
	 HPFS-28
	  	100017000096-P1203565-Network Refresh	  	 	12/31/2017	  	  	 	829,245.32	  
	 HPFS-29
	  	100017000098-3rd Party Services - Network Refresh	  	 	02/28/2018	  	  	 	495,894.32	  
	 HPFS-30
	  	100017000099-3rd Party Services-Network Refresh	  	 	03/31/2018	  	  	 	345,486.30	  
	 IBM-1
	  	Columbus HX5 Blades - network refresh	  	 	06/30/2016	  	  	 	3,848.51	  
	 IBM-14
	  	IBM-D00H24350 - Network Refresh-P1203566	  	 	07/31/2017	  	  	 	14,942.69	  
	 IBM-18
	  	Alcatel Upgrade - D00H25218 - P1203565	  	 	07/31/2017	  	  	 	107,411.16	  
	 IBM-19
	  	D00H26156 - P1203565 - Network Refresh	  	 	08/31/2017	  	  	 	461,588.94	  
	 IBM-2
	  	Lenexa HX5 Blades - Network Refresh	  	 	06/30/2016	  	  	 	3,610.92	  

											
	 IT Capital Leases (continued)
	  				  			
				
	 Lease Number
	  	 Description
	  	End Date	 	  	Total Ending
Obligation	 
	 IBM-20
	  	D00H27425-P1203565-Network Refresh	  	 	08/31/2017	  	  	 	156,722.31	  
	 IBM-21
	  	D00H30101 - P1203565 - Network Refresh	  	 	10/31/2017	  	  	 	86,021.16	  
	 IBM-22
	  	D00H30404-P1203565 - Network Refresh	  	 	11/30/2017	  	  	 	70,755.21	  
	 IBM-23
	  	D00H32051 - P1203565 - Network Refresh	  	 	11/30/2017	  	  	 	1,131,792.14	  
	 IBM-24
	  	D00H31180 - P1203565 - Network Refresh	  	 	11/30/2017	  	  	 	769,268.73	  
	 IBM-25
	  	D00H32409 - P1203565 - Network Refresh	  	 	11/30/2017	  	  	 	1,165,997.56	  
	 IBM-26
	  	D00H34254-P1203565-Network Refresh	  	 	12/31/2017	  	  	 	15,862.95	  
	 IGF-4
	  	jTime Hardware - jTime Upgrade	  	 	06/30/2016	  	  	 	4,737.43	  
		  		  				  	  
	  
	 
		  		  				  	 	20,172,748.47	  
		  		  				  	  
	  
	 
				
	 Vehicle Leases
	  		  				  			
				
	 Lease Number
	  	 Description
	  	End Date	 	  	Total Ending
Obligation	 
	 1053SL1
	  	FREDERICKSBURG, VA	  	 	07/13/2016	  	  	 	637.06	  
	 1054SL1
	  	MADISON, WI	  	 	07/25/2016	  	  	 	805.18	  
	 1055SL1
	  	SPRINGFIELD, IL	  	 	07/12/2016	  	  	 	618.85	  
	 1221SL1
	  	Tukwilla, WA	  	 	10/31/2017	  	  	 	7,713.93	  
	 1222SL1
	  	Tukwila, WA	  	 	10/31/2017	  	  	 	7,713.93	  
	 1223SL1
	  	MICHIGAN CITY, IN	  	 	10/31/2017	  	  	 	7,755.83	  
	 1224SL1
	  	SPRINGFIELD, IL	  	 	10/31/2017	  	  	 	7,727.34	  
	 1225SL1
	  	RALEIGH, NC	  	 	10/31/2017	  	  	 	7,715.61	  
	 1226 SL1
	  	WILLIAMSVILLE, NY	  	 	10/31/2017	  	  	 	7,705.22	  
	 1227SL1
	  	BALTIMORE, MD	  	 	10/31/2017	  	  	 	7,730.69	  
	 1228SL1
	  	CHERRY HILL, NJ	  	 	10/31/2017	  	  	 	7,712.26	  
	 1229SL1
	  	BAY CITY, MI	  	 	10/31/2017	  	  	 	7,705.89	  
	 1230SL1
	  	DEARBORN, MI	  	 	10/31/2017	  	  	 	7,713.43	  
	 1231SL1
	  	RICHMOND HEIGHTS, OH	  	 	10/31/2017	  	  	 	7,725.83	  
	 1232SL1
	  	CINCINNATI, OH	  	 	10/31/2017	  	  	 	7,721.81	  
	 1233SL1
	  	BUENA PARK, CA	  	 	10/31/2017	  	  	 	7,714.10	  
	 1234SL1
	  	BUENA PARK, CA	  	 	10/31/2017	  	  	 	7,714.10	  
	 1235SL1
	  	HOUSTON, TX	  	 	10/31/2017	  	  	 	7,700.36	  
	 1236SL1
	  	HOUSTON, TX	  	 	10/31/2017	  	  	 	7,700.36	  
	 1237SL1
	  	GOODLETTSVILLE, TN	  	 	10/31/2017	  	  	 	7,702.20	  
	 1238SL1
	  	ALTAMONTE SPRINGS, FL	  	 	10/31/2017	  	  	 	7,702.20	  
	 1239SL1
	  	Dearborn, MI	  	 	09/04/2018	  	  	 	12,579.95	  
	 1240SL1
	  	Greenwood, IN	  	 	08/20/2018	  	  	 	12,105.74	  
	 1241SL1
	  	Raleigh, NC	  	 	09/22/2018	  	  	 	12,597.19	  
	 1242SL1
	  	Coral Springs, FL	  	 	09/12/2018	  	  	 	12,583.51	  
	 1243SL1
	  	St. Petersburg, FL	  	 	09/17/2018	  	  	 	12,602.66	  
	 1244SL1
	  	Altamonte Springs, FL	  	 	09/22/2018	  	  	 	12,608.13	  
	 1245SL1
	  	Baton Rouge, LA	  	 	09/17/2018	  	  	 	12,608.13	  
	 1246SL1
	  	Fort Worth, TX	  	 	09/16/2018	  	  	 	12,588.98	  
	 1247SL1
	  	Fort Worth, TX	  	 	09/14/2018	  	  	 	12,588.98	  
	 1248SL1
	  	Aurora, CO	  	 	09/10/2018	  	  	 	12,635.49	  
	 1249SL1
	  	Salt Lake City, UT	  	 	09/09/2018	  	  	 	12,594.45	  
	 1250SL1
	  	St. Louis, MO	  	 	09/17/2018	  	  	 	12,572.57	  
	 1251SL1
	  	Vancouver, WA	  	 	09/11/2018	  	  	 	12,649.17	  

											
				
	 Vehicle Leases (continued)
	  		  				  			
				
	 Lease Number
	  	 Description
	  	End Date	 	  	Total Ending
Obligation	 
	 1252SL1
	  	Plano, TX	  	 	01/05/2019	  	  	 	17,830.38	  
	 1253SL1
	  	Plano, TX	  	 	01/05/2019	  	  	 	16,427.82	  
	 1254SL1
	  	345655 - Chevy G2500 EXT - 2013	  	 	05/03/2018	  	  	 	13,753.54	  
	 1255SL1
	  	345656 - Chevy G2500 EXT - 2013	  	 	05/03/2018	  	  	 	13,753.54	  
	 1256SL1
	  	441515 - JEEP Compass - 2014	  	 	06/30/2018	  	  	 	10,380.31	  
	 1257SL1
	  	441851 - JEEP Compass FWD - 2014	  	 	06/30/2018	  	  	 	10,131.06	  
	 1258SL1
	  	443369 - Toyota Tacoma REG - 2014	  	 	06/30/2018	  	  	 	9,932.15	  
	 1259SL1
	  	443912 - Ford Escape S - 2014	  	 	05/08/2017	  	  	 	7,942.90	  
	 1260SL1
	  	444288 - Ford Escape SE - 2014	  	 	06/26/2017	  	  	 	10,275.84	  
	 1261SL1
	  	ATLANTA, GA	  	 	02/12/2020	  	  	 	29,450.24	  
	 1262SL1
	  	444704 - Ford Escape SE - 2014	  	 	08/28/2017	  	  	 	7,804.39	  
	 1263SL1
	  	RICHMOND, CA	  	 	02/16/2020	  	  	 	29,496.66	  
	 1264SL1
	  	RICHMOND, CA	  	 	02/16/2020	  	  	 	29,496.66	  
	 1265SL1
	  	LOMBARD, IL	  	 	03/24/2020	  	  	 	6,043.38	  
	 1266SL1
	  	LOMBARD, IL	  	 	02/23/2020	  	  	 	29,520.95	  
	 1267SL1
	  	FORT WORTH, TX	  	 	02/12/2020	  	  	 	29,371.29	  
	 1268SL1
	  	LAKEWOOD, CA	  	 	02/26/2020	  	  	 	29,389.50	  
	 1269SL1
	  	LAKEWOOD, CA	  	 	02/26/2020	  	  	 	29,389.50	  
	 1270SL1
	  	MEDIA, PA	  	 	02/18/2020	  	  	 	29,371.72	  
	 1271SL1
	  	MEDIA, PA	  	 	02/18/2020	  	  	 	29,371.72	  
	 1272SL1
	  	FORT MYERS, FL	  	 	02/15/2020	  	  	 	29,415.10	  
	 1273SL1
	  	SAINT PETERSBURG, FL	  	 	02/15/2020	  	  	 	29,409.03	  
	 1274SL1
	  	FORT MYERS, FL	  	 	02/11/2020	  	  	 	29,368.68	  
	 1275SL1
	  	ALTAMONTE SPRINGS, FL	  	 	02/09/2020	  	  	 	29,422.47	  
	 1276SL1
	  	MANCHESTER, CT	  	 	02/03/2020	  	  	 	25,074.43	  
	 1277SL1
	  	2015 FORD TRANSIT - 545128	  	 	09/01/2019	  	  	 	21,742.98	  
	 1278SL1
	  	2015 FORD TRANSIT -545129	  	 	11/07/2019	  	  	 	24,162.56	  
	 1279SL1
	  	2015 FORD TRANIST - 545130	  	 	09/14/2019	  	  	 	21,739.54	  
	 1280SL1
	  	2015 FORD TRANSIT - 545131	  	 	09/07/2019	  	  	 	21,761.80	  
	 1281SL1
	  	2015 FORD TRANSIT - 545132	  	 	08/31/2019	  	  	 	20,603.23	  
	 1282SL1
	  	2015 FORD TRANSIT - 546851	  	 	01/09/2020	  	  	 	25,966.61	  
	 1283SL1
	  	2015 FORD TRANSIT - 548326	  	 	12/25/2019	  	  	 	27,421.14	  
	 1284SL1
	  	2016 FORD TRANSIT -641144	  	 	02/01/2020	  	  	 	29,495.85	  
	 1285SL1
	  	2016 FORD TRANSIT - 611445	  	 	01/31/2020	  	  	 	28,867.31	  
	 1286SL1
	  	2016 FORD TRANSIT - 641146	  	 	01/31/2020	  	  	 	28,811.95	  
	 1287SL1
	  	2016 FORD TRANSIT - 641147	  	 	01/22/2020	  	  	 	28,775.83	  
	 1288SL1
	  	2016 FORD TRANSIT - 641149	  	 	02/03/2020	  	  	 	29,542.68	  
	 1289SL1
	  	2016 FORD TRANSIT - 641153	  	 	01/31/2020	  	  	 	28,773.26	  
	 1290SL1
	  	2016 - FORD TRANSIT - 641154	  	 	02/06/2020	  	  	 	29,495.85	  
	 1291SL1
	  	2016 - FORD TRANSIT - 641155	  	 	01/26/2020	  	  	 	28,779.28	  
	 1292SL1
	  	2016 - FORD TRANSIT - 641156	  	 	02/10/2020	  	  	 	29,506.97	  
	 1293SL1
	  	2016 - FORD TRANSIT - 641148	  	 	03/15/2020	  	  	 	29,335.86	  
	 1294SL1
	  	2016 - FORD TRANSIT - 641152	  	 	03/25/2020	  	  	 	28,728.40	  
	 1295SL1
	  	2016 - FORD TRANSIT - 643407	  	 	05/17/2020	  	  	 	27,784.60	  
	 1296SL1
	  	2016 - FORD TRANSIT - 643408	  	 	04/30/2020	  	  	 	27,135.49	  
	 1297SL1
	  	2016 - FORD TRANSIT - 643409	  	 	05/24/2020	  	  	 	27,599.94	  
	 1298SL1
	  	2016 - FORD TRANSIT - 643410	  	 	05/24/2020	  	  	 	27,646.11	  

											
	 Vehicle Leases (continued)
	  		  				  			
				
	 Lease Number
	  	 Description
	  	End Date	 	  	Total Ending
Obligation	 
	 1299SL1
	  	2016 - FORD TRANSIT - 643411	  	 	05/22/2020	  	  	 	27,623.03	  
	 1300SL1
	  	2016 - FORD TRANSIT - 643412	  	 	05/16/2020	  	  	 	27,599.94	  
	 1301SL1
	  	2016 - FORD TRANSIT - 643413	  	 	05/03/2020	  	  	 	27,599.94	  
	 1302SL1
	  	2016 - FORD TRANSIT - 643415	  	 	06/04/2020	  	  	 	28,269.21	  
		  		  				  	  
	  
	 
		  		  				  	 	1,540,843.75	  
		  		  				  	  
	  
	 

 Schedule 6.2 

Certain Liens 
 Liens securing the
Capital Lease Obligations listed on Schedule 6.1 on the assets subject to such leases. 

 Schedule 6.3 

Certain Restrictive Agreements 
  

	1.	Restrictions which appear in (a) that certain Indenture, dated as of October 1, 1982, as supplemented by the First Supplemental Indenture, dated as of March 15, 1983, as further supplemented by the Second
Supplemental Indenture, dated as of May 1, 1984, as further supplemented by the Third Supplemental Indenture, dated as of March 7, 1986, as further supplemented by the Fourth Supplemental Indenture, dated as of June 7, 1991, as
further supplemented by the Fifth Supplemental Indenture, dated as of January 27, 2002, and as further supplemented by the Sixth Supplemental Indenture, dated as of May 20, 2013, among the Borrower (formerly known as J. C. Penney Company,
Inc.), as issuer, Holdings, as co-obligor, and Wilmington Trust, National Association, as trustee, (b) that certain Indenture, dated as of April 1, 1994, as supplemented by the First Supplemental Indenture, dated as of January 27,
2002, and as further supplemented by the Second Supplemental Indenture, dated as of July 26, 2002, among the Borrower (formerly known as J. C. Penney Company, Inc.), as issuer, Holdings, as co-obligor, and Wilmington Trust, National
Association, as trustee, and (c) that certain Indenture, dated as of September 15, 2014, as supplemented by the First Supplemental Indenture, dated as of September 15, 2014, among the Borrower, as issuer, Holdings, as co-obligor, and Wilmington
Trust, National Association. 

  

	2.	Restrictions which appear in JCPenney leases which prevent the use of that leasehold interest itself as security for any obligation. 

 

	3.	Restrictions which appear in the Consumer Credit Card Program Agreement by and between the Borrower and GE Money Bank, originally dated as of December 6, 1999 and Amended and Restated as of November 5, 2009,
and as further amended (the “GE Agreement”), which restricts the Borrower from pledging a security interest in any interest of the Borrower in any “Bank Property” (as defined in the GE Agreement). 

 Schedule 6.6 

Certain Investments 
  

			
	JCP Realty, LLC	  	100% of the 10 shares of its common stock
	J. C. Penney Services India Private Limited	  	8,242 equity shares
	SWC Tollway & 121 LLC	  	60% of membership interests

 EXHIBIT A-1 TO 

AMENDED AND RESTATED CREDIT AND GUARANTY AGREEMENT 

FUNDING NOTICE 
 Reference is made to the
Amended and Restated Credit and Guaranty Agreement, dated as of June 23, 2016 (as it may be amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”; the terms defined therein and not
otherwise defined herein being used herein as therein defined), by and among J. C. PENNEY CORPORATION, INC., a Delaware corporation (“Borrower”), J. C. PENNEY COMPANY, INC., a Delaware corporation, certain Subsidiaries
of Borrower, as Guarantors, the Lenders party thereto from time to time, JPMORGAN CHASE BANK, N.A. (“JPMorgan”), as Administrative Agent, and the other financial institutions party thereto. 

Pursuant to Section 2.1 of the Credit Agreement, Borrower desires that Lenders make the following Loans to Borrower in accordance
with the applicable terms and conditions of the Credit Agreement on [            ], 20[    ] (the “Credit Date”): 

 

							
	 ̈	  	Base Rate Loans:	  	$	[        ,        ,        	] 
			
	 ̈	  	Eurodollar Rate Loans, with an initial Interest Period of              month(s):	  	$	[        ,        ,        	] 

 Borrower hereby certifies that: 

(i) as of the Credit Date, the representations and warranties contained in each of the Credit Documents are true and correct in
all material respects on and as of such Credit Date to the same extent as though made on and as of such date, except to the extent such representations and warranties specifically relate to an earlier date, in which case such representations and
warranties are true and correct in all material respects on and as of such earlier date; provided that, in each case, such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or
modified by materiality in the text thereof; and 
 (ii) as of the Credit Date, no event has occurred and is continuing or
would result from the consummation of the borrowing contemplated hereby that would constitute an Event of Default or a Default. 

  
 EXHIBIT A-1-1 

 The account of Borrower to which the proceeds of the Loans requested on the Credit Date are to be
made available by Administrative Agent to the Borrower is as follows: 
  

							
		 	 Bank Name:
	 	  
	 	
		 	 Bank Address:
	 	  
	 	
		 	 ABA Number:
	 	  
	 	
		 	 Account Number:
	 	  
	 	
		 	 Attention:
	 	  
	 	
		 	 Reference:
	 	  
	 	

 This Funding Notice is a Credit Document under and as defined in the Credit Agreement. 

 

							
	 Date:
[                ]
	 		 	J. C. PENNEY CORPORATION, INC.
				
		 		 	By:	 	  

		 		 	Name:
		 		 	Title:

  
 EXHIBIT A-1-2 

 EXHIBIT A-2 TO 

AMENDED AND RESTATED CREDIT AND GUARANTY AGREEMENT 

CONVERSION/CONTINUATION NOTICE 
 Reference
is made to the Amended and Restated Credit and Guaranty Agreement, dated as of June 23, 2016 (as it may be amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”; the terms defined
therein and not otherwise defined herein being used herein as therein defined), by and among J. C. PENNEY CORPORATION, INC., a Delaware corporation (“Borrower”), J. C. PENNEY COMPANY, INC., a Delaware corporation,
certain Subsidiaries of Borrower, as Guarantors, the Lenders party thereto from time to time, JPMORGAN CHASE BANK, N.A. (“JPMorgan”), as Administrative Agent, and the other financial institutions party thereto. 

Pursuant to Section 2.9 of the Credit Agreement, Borrower desires to convert or to continue the following Loans, each such conversion
and/or continuation to be effective as of [            ], 20[    ]: 
  

			
	
$[        ,        ,  
      ]
	  	Eurodollar Rate Loans to be continued with an Interest Period of [    ] month(s)
		
	
$[        ,        
,        ]
	  	Base Rate Loans to be converted to Eurodollar Rate Loans with an Interest Period of [    ] month(s)
		
	
$[        ,        
,        ]
	  	Eurodollar Rate Loans to be converted to Base Rate Loans

 Borrower hereby certifies that as of the date hereof, no event has occurred and is continuing or would result
from the consummation of the conversion and/or continuation contemplated hereby that would constitute an Event of Default. This Conversion/Continuation Notice is a Credit Document under and as defined in the Credit Agreement. 

 

							
	 Date: [            ],
20[    ]
	 		 	J. C. PENNEY CORPORATION, INC.
				
		 		 	By:	 	  

		 		 	Name:
		 		 	Title:

  
 EXHIBIT A-2-1 

 EXHIBIT B TO 

AMENDED AND RESTATED CREDIT AND GUARANTY AGREEMENT 

NOTE 
  

					
	
$[        ,        ,  
      ]
	  			
	 [            ],
20[    ]
	  	 	New York, New York	  

 FOR VALUE RECEIVED, J. C. PENNEY CORPORATION, INC., a Delaware corporation
(“Borrower”), promises to pay [NAME OF LENDER] (“Payee”) or its registered assigns the principal amount of [                ]
DOLLARS ($[        ,        ,        ]) in the installments referred to below. 

Borrower also promises to pay interest on the unpaid principal amount hereof, from the date hereof until paid in full, at the rates and
at the times which shall be determined in accordance with the provisions of that certain Amended and Restated Credit and Guaranty Agreement, dated as of June 23, 2016 (as it may be amended, restated, supplemented or otherwise modified from time
to time, the “Credit Agreement”; the terms defined therein and not otherwise defined herein being used herein as therein defined), by and among Borrower, J. C. PENNEY COMPANY, INC., a Delaware corporation, certain
Subsidiaries of Borrower, as Guarantors, the Lenders party thereto from time to time, JPMORGAN CHASE BANK, N.A. (“JPMorgan”), as Administrative Agent, and the other financial institutions party thereto. 

Borrower shall make scheduled principal payments on this Note as set forth in Section 2.12 of the Credit Agreement. 

This Note is one of the “Notes” (as defined in the Credit Agreement) and is issued pursuant to and entitled to the benefits of the
Credit Agreement, to which reference is hereby made for a more complete statement of the terms and conditions under which the Loan evidenced hereby was made and is to be repaid. 

All payments of principal and interest in respect of this Note shall be made in lawful money of the United States of America in same day funds
at the Principal Office of Administrative Agent or at such other place as shall be designated in writing for such purpose in accordance with the terms of the Credit Agreement. Unless and until an Assignment Agreement effecting the assignment or
transfer of the obligations evidenced hereby shall have been accepted by Administrative Agent and recorded in the Register, Borrower, each Agent and Lenders shall be entitled to deem and treat Payee as the owner and holder of this Note and the
obligations evidenced hereby. Payee hereby agrees, by its acceptance hereof, that before disposing of this Note or any part hereof it will make a notation hereon of all principal payments previously made hereunder and of the date to which interest
hereon has been paid; provided, the failure to make a notation of any payment made on this Note shall not limit or otherwise affect the obligations of Borrower hereunder with respect to payments of principal of or interest on this Note. 

This Note is subject to mandatory prepayment and to prepayment at the option of Borrower, each as provided in the Credit Agreement. 

  
 EXHIBIT B-1 

 THIS NOTE AND THE RIGHTS AND OBLIGATIONS OF BORROWER AND PAYEE HEREUNDER SHALL BE GOVERNED BY,
AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THEREOF THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK. 

Upon the occurrence of an Event of Default, the unpaid balance of the principal amount of this Note, together with all accrued and unpaid
interest thereon, may become, or may be declared to be, due and payable in the manner, upon the conditions and with the effect provided in the Credit Agreement. 

The terms of this Note are subject to amendment only in the manner provided in the Credit Agreement. 

Borrower promises to pay all costs and expenses, including reasonable attorneys’ fees, all as provided in the Credit Agreement, incurred
in the collection and enforcement of this Note. Borrower and any endorsers of this Note hereby consent to renewals and extensions of time at or after the maturity hereof, without notice, and hereby waive diligence, presentment, protest, demand
notice of every kind and, to the full extent permitted by law, the right to plead any statute of limitations as a defense to any demand hereunder. 

[Remainder of page intentionally left blank] 

  
 EXHIBIT B-2 

 IN WITNESS WHEREOF, Borrower has caused this Note to be duly executed and delivered by its
officer thereunto duly authorized as of the date and at the place first written above. 
  

			
	 J. C. PENNEY CORPORATION, INC.

		
	 By:
	 	  

	 Name:

	 Title:

  
 EXHIBIT B-3 

 EXHIBIT C TO 

AMENDED AND RESTATED CREDIT AND GUARANTY AGREEMENT 

COMPLIANCE CERTIFICATE 
 THE
UNDERSIGNED HEREBY CERTIFIES AS FOLLOWS: 
 1. I am the
[                ]1 of [J. C. PENNEY COMPANY, INC., a Delaware corporation] [J. C. PENNEY CORPORATION,
INC., a Delaware corporation]. 
 2. I have reviewed the terms of that certain Amended and Restated Credit and Guaranty
Agreement, dated as of June 23, 2016 (as it may be amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”; the terms defined therein and not otherwise defined herein being used herein as
therein defined), by and among J. C. PENNEY CORPORATION, INC., a Delaware corporation (“Borrower”), J. C. PENNEY COMPANY, INC., a Delaware corporation (“Holdings”), certain Subsidiaries of Borrower, as
Guarantors, the Lenders party thereto from time to time, JPMORGAN CHASE BANK, N.A. (“JPMorgan”), as Administrative Agent, and the other financial institutions party thereto, and I have made, or have caused to be made under my
supervision, a review in reasonable detail of the transactions and condition of Holdings and its Subsidiaries during the accounting period covered by the attached financial statements. 

3. The examination described in paragraph 2 above did not disclose, and I have no knowledge of, the existence of any condition or event
which constitutes an Event of Default or Default that has occurred and is continuing as of the date of this Certificate, except as set forth in a separate attachment, if any, to this Certificate, describing in detail, the nature of the condition or
event, the period during which it has existed and the action which Borrower has taken, is taking, or proposes to take with respect to each such condition or event. 

4. [A] [No] change in GAAP or in the application thereof has occurred since the date of the most recent audited financial statements referred
to in Section 4.7 of the Credit Agreement or delivered pursuant to Section 5.1(b) of the Credit Agreement, as applicable[, and the effect of such change on the financial statements accompanying this Certificate are specified in a separate
attachment to this Certificate]. 
 This Compliance Certificate is a Credit Document under and as defined in the Credit Agreement. 

[Remainder of page intentionally left blank] 

 

	1 	Insert title of Financial Officer. 

  
 EXHIBIT C-1 

 The foregoing certifications, together with the financial statements delivered with this
Certificate and the statements set forth in any attachments hereto, are made and delivered [            ], 20[    ] pursuant to Section 5.1(c) of the Credit
Agreement. 
  

			
	 [J. C. PENNEY COMPANY, INC.]

	 [J. C. PENNEY CORPORATION, INC.]

		
	 By:
	 	  

	 Name:

	 Title:

  
 EXHIBIT C-2 

 EXHIBIT D TO 

AMENDED AND RESTATED CREDIT AND GUARANTY AGREEMENT 

ASSIGNMENT AND ASSUMPTION AGREEMENT 

This Assignment and Assumption Agreement (this “Assignment”) is dated as of the Effective Date set forth below and is entered
into by and between [Insert name of Assignor] (the “Assignor”) and [Insert name of Assignee] (the “Assignee”). Capitalized terms used but not defined herein shall have the
meanings given to them in the Credit Agreement identified below (as it may be amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by the
Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment as if set forth herein in full. 

For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably purchases
and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below, (i) all of the Assignor’s
rights and obligations in its capacity as a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of the
Assignor’s outstanding rights and obligations thereunder, and (ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of the Assignor (in its capacity as a Lender) against
any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the
foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the
rights and obligations sold and assigned by the Assignor to the Assignee pursuant to clauses (i) and (ii) above being referred to herein collectively as the “Assigned Interest”). Such sale and assignment is without
recourse to the Assignor and, except as expressly provided in this Assignment, without representation or warranty by the Assignor. 
  

					
	 1.
	  	Assignor:	  	                                     
           
			
	 2.
	  	Assignee:	  	 ______________________ [and is an Affiliate/Related Fund1 of
[identify Lender]] [Assignor is not a Defaulting Lender]
  

Markit Entity Identifier (if any): ______________________

			
	 3.
	  	Borrower:	  	J. C. PENNEY CORPORATION, INC., a Delaware corporation
			
	 4.
	  	Administrative Agent:	  	JPMORGAN CHASE BANK, N.A., as the administrative agent under the Credit Agreement
			
	 5.
	  	Credit Agreement:	  	The Amended and Restated Credit and Guaranty Agreement dated as of June 23, 2016, among Borrower, J. C. PENNEY COMPANY, INC., a Delaware corporation, certain Subsidiaries of Borrower, as Guarantors, the Lenders party thereto from
time to time, JPMORGAN CHASE BANK, N.A. (“JPMorgan”), as Administrative Agent, and the other financial institutions party thereto
			
	 6.
	  	Assigned Interest[s]:	  	

  
  

	1 	Select as applicable 

  
 EXHIBIT D-1 

					
	 Aggregate Amount of

Commitment/Loans
 for all
Lenders
	 	 Amount of Commitment/Loans

Assigned
	 	 Percentage Assigned of

Commitment/Loans2

	$______________	 	$______________	 	____________%
	$______________	 	$______________	 	____________%
	$______________	 	$______________	 	____________%

 Effective Date:             ,
20            [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] 

 

	7.	Notice and Wire Instructions: 

 

			
	 [NAME OF ASSIGNOR]

		
	 Notices:
	 	
		 	  

		 	  

		 	  

		 	 Attention:

		 	 Telecopier:

	
	 with a copy to:

		 	  

		 	  

		 	  

		 	 Attention:

		 	 Telecopier:

	
	 Wire Instructions:

 

			
	 [NAME OF ASSIGNEE]

		
	 Notices:
	 	
		 	  

		 	  

		 	  

		 	 Attention:

		 	 Telecopier:

	
	 with a copy to:

		 	  

		 	  

		 	  

		 	 Attention:

		 	 Telecopier:

	
	 Wire Instructions:

 
 

  
  

	2 	Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder. 

  
 EXHIBIT D-2 

 The terms set forth in this Assignment are hereby agreed to: 

 

			
	 ASSIGNOR

	 [NAME OF ASSIGNOR]

		
	 By:
	 	  

	 Name

	 Title:

	
	 ASSIGNEE

	 [NAME OF ASSIGNEE]

		
	 By:
	 	  

	 Name:

	 Title:

  

			
	 [Consented to and]3
Accepted:

	
	 [JPMORGAN CHASE BANK, N.A.],

as Administrative Agent

		
	 By:
	 	  

	 Name:

	 Title:

	
	 [Consented to:]4

	
	 [J. C. PENNEY CORPORATION, INC.]

		
	 By:
	 	  

	 Name:

	 Title:

  
  

	3 	To be added only if the consent of the Administrative Agent is required by the terms of the Credit Agreement. 

	4 	To be added only if the consent of Borrower is required by the terms of the Credit Agreement. 

  
 EXHIBIT D-3 

 ANNEX 1 

STANDARD TERMS AND CONDITIONS FOR ASSIGNMENT 

AND ASSUMPTION AGREEMENT 
  

	1.	Representations and Warranties. 

  

	 	1.1	Assignor. The Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or
other adverse claim, (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and to consummate the transactions contemplated hereby and (iv) it is not a Defaulting Lender; and
(b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with any Credit Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or
value of the Credit Agreement or any other instrument or document delivered pursuant thereto, other than this Assignment (herein collectively the “Credit Documents”), or any collateral thereunder, (iii) the financial condition
of Borrower, any of its Subsidiaries or Affiliates or any other Person obligated in respect of any Credit Document or (iv) the performance or observance by Borrower, any of its Subsidiaries or Affiliates or any other Person of any of their
respective obligations under any Credit Document. 

  

	 	1.2	Assignee. The Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and to consummate the transactions
contemplated hereby and to become a Lender under the Credit Agreement, (ii) it meets all requirements of an Eligible Assignee under the Credit Agreement, (iii) from and after the Effective Date, it shall be bound by the provisions of the
Credit Agreement and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type represented by the Assigned Interest and either
it, or the Person exercising discretion in making its decision to acquire the Assigned Interest, is experienced in acquiring assets of such type, (v) it has received a copy of the Credit Agreement, and has received or has been accorded the
opportunity to receive copies of the most recent financial statements delivered pursuant to Section 5.1 thereof, as applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision to
enter into this Assignment and to purchase the Assigned Interest, (vi) it has, independently and without reliance upon Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its
own credit analysis and decision to enter into this Assignment and to purchase the Assigned Interest, and (vii) if it is a Non-US Lender, attached to this Assignment is any documentation required to be delivered by it pursuant to the terms of
the Credit Agreement, duly completed and executed by the Assignee; and (b) agrees that (i) it will, independently and without reliance on Administrative Agent, the Assignor or any other Lender, and based on such documents and information
as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of
the Credit Documents are required to be performed by it as a Lender. 

  

	2.	Payments. All payments with respect to the Assigned Interests shall be made on the Effective Date as follows: 

  

	 	2.1	From and after the Effective Date, Administrative Agent shall make all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which
have accrued to but excluding the Effective Date and to the Assignee for amounts which have accrued from and after the Effective Date. Notwithstanding the foregoing, Administrative Agent shall make all payments of interest, fees or other amounts
paid or payable in kind from and after the Effective Date to the Assignee. 

  
 EXHIBIT D-4 

	3.	General Provisions. This Assignment shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns. This Assignment is a Credit Document under and as defined in
the Credit Agreement. This Assignment may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a signature page of this Assignment by telecopy shall be effective as
delivery of a manually executed counterpart of this Assignment. This Assignment shall be governed by, and construed in accordance with, the internal laws of the State of New York without regard to conflict of laws principles thereof.

 [Remainder of page intentionally left blank] 

  
 EXHIBIT D-5 

 EXHIBIT E TO 

AMENDED AND RESTATED CREDIT AND GUARANTY AGREEMENT 

CERTIFICATE RE NON-BANK STATUS 

Reference is made to the Amended and Restated Credit and Guaranty Agreement, dated as of June 23, 2016 (as it may be amended,
restated, supplemented or otherwise modified from time to time, the “Credit Agreement”; the terms defined therein and not otherwise defined herein being used herein as therein defined), by and among J. C. PENNEY CORPORATION,
INC., a Delaware corporation (“Borrower”), J. C. PENNEY COMPANY, INC., a Delaware corporation, certain Subsidiaries of Borrower, as Guarantors, the Lenders party thereto from time to time, JPMORGAN CHASE BANK, N.A.
(“JPMorgan”), as Administrative Agent, and the other financial institutions party thereto. Pursuant to Section 2.20(c) of the Credit Agreement, the undersigned hereby certifies that it is not a “bank” or other
Person described in Section 881(c)(3) of the Internal Revenue Code of 1986, as amended. 
  

			
	[NAME OF LENDER]
		
	By:	 	 
	Name:	 	
	Title:	 	

  
 EXHIBIT E-1 

 EXHIBIT F TO 

AMENDED AND RESTATED CREDIT AND GUARANTY AGREEMENT 

RESTATEMENT EFFECTIVE DATE CERTIFICATE 

THE UNDERSIGNED HEREBY CERTIFY AS FOLLOWS: 

1. I am the chief financial officer of J. C. PENNEY COMPANY, INC., a Delaware corporation (“Holdings”) and J.
C. PENNEY CORPORATION, INC., a Delaware corporation (“Borrower”). 
 2. I have reviewed the terms and
conditions of the Amended and Restated Credit and Guaranty Agreement, dated as of June 23, 2016 (as it may be amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”; the terms defined
therein and not otherwise defined herein being used herein as therein defined), by and among Borrower, Holdings, certain Subsidiaries of Borrower, as Guarantors, the Lenders party thereto from time to time, JPMORGAN CHASE BANK, N.A.
(“JPMorgan”), as Administrative Agent, and the other financial institutions party thereto, and the definitions and provisions contained in such Credit Agreement relating thereto, and in my opinion I have made, or have caused to
be made under my supervision, such examination or investigation as is necessary to enable me to express an informed opinion as to the matters referred to herein. 

3. Based upon my review and examination described in paragraph 2 above, I certify, on behalf of Holdings and Borrower, solely in my
capacity as chief financial officer and not in any individual capacity, that as of the date hereof: 
 (i) the
representations and warranties contained in each of the Credit Documents are true and correct in all material respects on and as of the Restatement Effective Date to the same extent as though made on and as of such date, except to the extent such
representations and warranties specifically relate to an earlier date, in which case such representations and warranties are true and correct in all respects on and as of such earlier date; provided that, in each case, such materiality
qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof; 

(ii) there are no actions, suits or proceedings by or before any Governmental Authority enjoining the financing contemplated by
the Credit Agreement; and 
 (iii) no event has occurred and is continuing or would result from the consummation of the
borrowing contemplated hereby that would constitute an Event of Default or a Default. 
 4. As of the date hereof: both before and after
giving effect to the Credit Agreement and the initial borrowings thereunder, there does not exist any “Event of Default” under and as defined in the ABL Credit Agreement or the Senior Indentures. 

5. This Restatement Effective Date Certificate is a Credit Document under and as defined in the Credit Agreement. 

  
 EXHIBIT F-1 

 The foregoing certifications are made and delivered as of June 23, 2016. 

 

			
	 J. C. PENNEY COMPANY, INC.

J. C. PENNEY CORPORATION, INC.

		
	By:	 	 
	 Name:
	 	
	Title:	 	Chief Financial Officer

  
 EXHIBIT F-2 

 EXHIBIT G TO 

AMENDED AND RESTATED CREDIT AND GUARANTY AGREEMENT 

COUNTERPART AGREEMENT 

This COUNTERPART AGREEMENT, dated [            ],
[            ] (this “Counterpart Agreement”) is delivered pursuant to that certain Amended and Restated Credit and Guaranty Agreement, dated as of June 23, 2016 (as
it may be amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”; the terms defined therein and not otherwise defined herein being used herein as therein defined), by and among J. C.
PENNEY CORPORATION, INC., a Delaware corporation (“Borrower”), J. C. PENNEY COMPANY, INC., a Delaware corporation, certain Subsidiaries of Borrower, as Guarantors, the Lenders party thereto from time to time, JPMORGAN
CHASE BANK, N.A. (“JPMorgan”), as Administrative Agent, and the other financial institutions party thereto. 

Section 1. Pursuant to Section 5.10 of the Credit Agreement, the undersigned hereby: 

(a) agrees that this Counterpart Agreement may be attached to the Credit Agreement and that by the execution and delivery
hereof, the undersigned becomes a Guarantor under the Credit Agreement and agrees to be bound by all of the terms thereof; 

(b) represents and warrants that each of the representations and warranties set forth in the Credit Agreement and each other
Credit Document and applicable to the undersigned is true and correct on and as of the date of this Counterpart Agreement, except to the extent that any such representation and warranty relates solely to any earlier date, in which case such
representation and warranty is true and correct as of such earlier date; provided that, in each case, such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by
materiality in the text thereof; 
 (c) no event has occurred or is continuing as of the date hereof, or will result from the
transactions contemplated hereby on the date hereof, that would constitute an Event of Default or a Default; 
 (d) agrees to
irrevocably and unconditionally guaranty the due and punctual payment in full of all Obligations when the same shall become due, whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise (including amounts
that would become due but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code, 11 U.S.C. § 362(a)) and in accordance with Section 7 of the Credit Agreement; and 

(e) the undersigned hereby (i) agrees that this counterpart may be attached to the Pledge and Security Agreement,
(ii) agrees that the undersigned will comply with all the terms and conditions of the Pledge and Security Agreement as if it were an original signatory thereto, (iii) grants to Collateral Agent a security interest in and continuing lien on
all of the undersigned’s right, title and interest in, to and under all “Collateral” (as such term is defined in the Pledge and Security Agreement) of the undersigned, in each case whether now or hereafter existing or in which the
undersigned now has or hereafter 

  
 EXHIBIT G-1 

 
acquires an interest and wherever the same may be located and (iv) delivers to Collateral Agent supplements to all schedules attached to the Pledge and Security Agreement with respect to the
assets of the undersigned. All such Collateral shall be deemed to be part of the “Collateral” and hereafter subject to each of the terms and conditions of the Pledge and Security Agreement. 

Section 2. The undersigned agrees from time to time, upon request of Administrative Agent or the Collateral Agent, to take such
additional actions and to execute and deliver such additional documents and instruments as the Administrative Agent or Collateral Agent may reasonably request to effect the transactions contemplated by, and to carry out the intent of, this
Counterpart Agreement. Neither this Counterpart Agreement nor any term hereof may be changed, waived, discharged or terminated, except by an instrument in writing signed by the undersigned, Administrative Agent and the Collateral Agent. Any notice
or other communication herein required or permitted to be given shall be given pursuant to Section 10.1 of the Credit Agreement, and all for purposes thereof, the notice address of the undersigned shall be the address as set forth on the
signature page hereof. In case any provision in or obligation under this Counterpart Agreement shall be invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or
of such provision or obligation in any other jurisdiction, shall not in any way be affected or impaired thereby. This Counterpart Agreement is a Credit Document under and as defined in the Credit Agreement. 

THIS COUNTERPART AGREEMENT SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK
WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THEREOF THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK. 

[Remainder of page intentionally left blank] 

  
 EXHIBIT G-2 

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

			
	[NAME OF SUBSIDIARY]
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

  

					
	Address for Notices:	 	
			
		 	 	 	
		 	 	 	
		 	 	 	
			
		 	 Attention:
	 	
		 	 Telecopier:
	 	
		
	 with a copy to:
	 	
			
		 	 	 	
		 	 	 	
		 	 	 	
			
		 	 Attention:
	 	
		 	 Telecopier:
	 	

  

			
	 ACKNOWLEDGED AND ACCEPTED,
 as of
the date above first written:

	
	 JPMORGAN CHASE BANK, N.A.,
 as
Administrative Agent

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
	
	 WILMINGTON TRUST, NATIONAL ASSOCIATION,

as Collateral Agent

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

  
 EXHIBIT G-3 

 EXHIBIT H TO 

AMENDED AND RESTATED CREDIT AND GUARANTY AGREEMENT 

AMENDED AND RESTATED PLEDGE AND SECURITY AGREEMENT 

[Attached.] 

  
 EXHIBIT H-1 

 EXECUTION VERSION 

AMENDED AND RESTATED PLEDGE AND SECURITY AGREEMENT 

dated as of June 23, 2016 

among 
 J. C.
PENNEY CORPORATION, INC., 
 J. C. PENNEY COMPANY, INC., 

EACH OF THE OTHER GRANTORS PARTY HERETO 

and 
 WILMINGTON TRUST,
NATIONAL ASSOCIATION, 
 as Collateral Agent 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	PAGE	 
	 SECTION 1. DEFINITIONS; GRANT OF SECURITY
	  	 	2	  
			
	 1.1
	 	General Definitions	  	 	2	  
	 1.2
	 	Definitions; Interpretation	  	 	8	  
		
	 SECTION 2. GRANT OF SECURITY
	  	 	8	  
			
	 2.1
	 	Grant of Security	  	 	8	  
	 2.2
	 	Certain Limited Exclusions	  	 	9	  
		
	 SECTION 3. SECURITY FOR OBLIGATIONS; GRANTORS REMAIN LIABLE
	  	 	10	  
			
	 3.1
	 	Security for Obligations	  	 	10	  
	 3.2
	 	Continuing Liability Under Collateral	  	 	11	  
		
	 SECTION 4. CERTAIN PERFECTION REQUIREMENTS
	  	 	11	  
			
	 4.1
	 	Delivery Requirements	  	 	11	  
	 4.2
	 	Control Requirements	  	 	11	  
	 4.3
	 	Intellectual Property Recording Requirements	  	 	11	  
	 4.4
	 	Other Actions	  	 	12	  
	 4.5
	 	Timing and Notice	  	 	12	  
		
	 SECTION 5. REPRESENTATIONS AND WARRANTIES
	  	 	13	  
			
	 5.1
	 	[Reserved.]	  	 	13	  
	 5.2
	 	Collateral Identification, Special Collateral	  	 	13	  
	 5.3
	 	Ownership of Collateral and Absence of Other Liens	  	 	13	  
	 5.4
	 	Status of Security Interest	  	 	13	  
	 5.5
	 	Goods	  	 	14	  
	 5.6
	 	Pledged Equity Interests, Investment Related Property	  	 	14	  
	 5.7
	 	Intellectual Property	  	 	15	  
		
	 SECTION 6. COVENANTS AND AGREEMENTS
	  	 	16	  
			
	 6.1
	 	Grantor Information and Status	  	 	16	  
	 6.2
	 	Commercial Tort Claims	  	 	16	  
	 6.3
	 	Ownership of Collateral and Absence of Other Liens	  	 	16	  
	 6.4
	 	Status of Security Interest	  	 	17	  
	 6.5
	 	Goods and Receivables	  	 	17	  
	 6.6
	 	Pledged Equity Interests, Investment Related Property	  	 	17	  
	 6.7
	 	Intellectual Property	  	 	18	  
	 6.8
	 	Insurance	  	 	19	  
		
	 SECTION 7. FURTHER ASSURANCES; ADDITIONAL GRANTORS
	  	 	19	  
			
	 7.1
	 	Further Assurances	  	 	19	  
	 7.2
	 	Additional Grantors	  	 	20	  

  
 -i- 

							
	 	 	 	  	PAGE	 
	SECTION 8. COLLATERAL AGENT APPOINTED ATTORNEY-IN-FACT	  	 	20	  
			
	 8.1
	 	Power of Attorney	  	 	20	  
	 8.2
	 	No Duty on the Part of Collateral Agent or Secured Parties	  	 	22	  
	 8.3
	 	Appointment Pursuant to the Pari Passu Intercreditor Agreement	  	 	22	  
		
	SECTION 9. REMEDIES	  	 	22	  
			
	 9.1
	 	Generally	  	 	22	  
	 9.2
	 	Application of Proceeds	  	 	24	  
	 9.3
	 	Sales on Credit	  	 	24	  
	 9.4
	 	Investment Related Property	  	 	24	  
	 9.5
	 	Grant of Intellectual Property License	  	 	24	  
	 9.6
	 	Intellectual Property	  	 	25	  
	 9.7
	 	Deposit Accounts	  	 	26	  
		
	SECTION 10. COLLATERAL AGENT	  	 	26	  
		
	SECTION 11. CONTINUING SECURITY INTEREST	  	 	27	  
		
	SECTION 12. STANDARD OF CARE; COLLATERAL AGENT MAY PERFORM	  	 	27	  
		
	SECTION 13. MISCELLANEOUS	  	 	28	  

  

					
	SCHEDULE 5.2	 	—	  	COLLATERAL IDENTIFICATION
	SCHEDULE 5.4	 	—	  	FINANCING STATEMENTS
	SCHEDULE 5.5	 	—	  	LOCATION OF EQUIPMENT AND INVENTORY
	EXHIBIT A	 	—	  	PLEDGE SUPPLEMENT
	EXHIBIT B	 	—	  	AMENDED AND RESTATED TRADEMARK SECURITY AGREEMENT
	EXHIBIT C	 	—	  	PATENT SECURITY AGREEMENT
	EXHIBIT D	 	—	  	AMENDED AND RESTATED COPYRIGHT SECURITY AGREEMENT

  
 -ii- 

 This AMENDED AND RESTATED PLEDGE AND SECURITY AGREEMENT, dated as of June 23,
2016 (as it may be amended, restated, supplemented or otherwise modified from time to time, this “Agreement”), between J. C. PENNEY COMPANY, INC., a Delaware corporation (“Holdings”), J. C.
PENNEY CORPORATION, INC., a Delaware corporation (the “Company” or the “Borrower”), and each of the subsidiaries of Holdings or the Borrower party hereto from time to time, whether as an original signatory
hereto or as an Additional Grantor (as herein defined) (other than the Collateral Agent, each, a “Grantor”), and WILMINGTON TRUST, NATIONAL ASSOCIATION, as collateral agent for the Term Loan/Notes Secured Parties (as herein
defined) (in such capacity as collateral agent, together with its successors and permitted assigns, the “Collateral Agent”). 

RECITALS: 

WHEREAS, each of the Grantors party hereto previously entered into that certain Pledge and Security Agreement, dated as of May 22,
2013 (the “Existing Security Agreement”), by and among each of the Grantors party thereto and Goldman Sachs Bank USA, as collateral agent (the “Former Agent”); 

WHEREAS, the Existing Security Agreement secures the Grantors’ obligations under that certain Credit and Guaranty Agreement, dated
as of May 22, 2013, among the Borrower, Holdings, as a guarantor, certain subsidiaries of Borrower, as guarantors, the lenders party thereto from time to time, Former Agent and the other parties thereto (as amended, restated, supplemented or
otherwise modified prior to the date hereof, the “Original Term Loan Credit Agreement”); 
 WHEREAS, the Original
Term Loan Credit Agreement has been amended and restated by that certain Amended and Restated Credit and Guaranty Agreement, dated as of the date hereof (the “ARCA”; the Original Term Loan Credit Agreement, as amended and restated
by the ARCA, as the same may be further amended, restated, supplemented or otherwise modified from time to time, the “Term Loan Credit Agreement”), by and among the Borrower, the guarantors party thereto, the lenders party thereto
from time to time, JPMorgan Chase Bank, N.A., a national banking association (“JPM”), as administrative agent (in such capacity, the “Term Loan Administrative Agent”), and the other parties thereto; 

WHEREAS, pursuant to the Resignation and Successor Agent Agreement, dated as of the date hereof, the Former Agent has assigned all of
its rights and obligations under the Security Documents to the Collateral Agent; 
 WHEREAS, pursuant to the terms, conditions and
provisions of (a) that certain Indenture, dated as of June 23, 2016 (as amended, restated, supplemented or otherwise modified from time to time, the “Indenture”), among the Company, Holdings and the other guarantors party
thereto and Wilmington Trust, National Association, as trustee (in such capacity, together with its successors and permitted assigns, the “Trustee”), and (b) that certain Purchase Agreement, dated as of June 9, 2016, among
the Company, Holdings, the other guarantors under the Indenture, and J.P. Morgan Securities LLC, as representative of the several parties named in Schedule I thereto, the Company issued $500,000,000 aggregate principal amount of its 5.875% Senior
Secured Notes due 2023, which are guaranteed on a senior secured basis by the guarantors party thereto; 
 WHEREAS, in
connection with the execution of this Agreement, the Collateral Agent, the Term Loan Administrative Agent and the Trustee are entering into that certain Pari Passu Intercreditor Agreement, dated as of the date hereof (as amended, restated,
supplemented or otherwise modified from time to time, the “Pari Passu Intercreditor Agreement”); 

 WHEREAS, pursuant to the Term Loan Credit Agreement, the Indenture and the Pari Passu
Intercreditor Agreement, the Trustee and the Term Loan Administrative Agent have appointed and authorized the Collateral Agent to act as agent on their behalf and on behalf of the Term Loan/Notes Secured Parties represented by the Trustee and the
Term Loan Administrative Agent, respectively, and the Collateral Agent has accepted such appointment; and 
 WHEREAS, one or more of
the Grantors may incur Future Term Loan/Notes Indebtedness after the date hereof, and in connection therewith, the Authorized Representative for the holders of such Future Term Loan/Notes Indebtedness will become a party to the Pari Passu
Intercreditor Agreement in order to appoint and authorize the Collateral Agent to act as agent on behalf of such Authorized Representative and on behalf of the Term Loan/Notes Secured Parties represented by such Authorized Representative;

 NOW, THEREFORE, in consideration of the premises and the agreements, provisions and covenants herein contained, and for other
good and valuable consideration the receipt and sufficiency of which is hereby acknowledged, each Grantor and the Collateral Agent agree to amend and restate the Existing Security Agreement as follows: 

SECTION 1. DEFINITIONS; GRANT OF SECURITY. 

1.1 General Definitions. In this Agreement, the following terms shall have the following meanings: 

“1994 Indenture” shall have the meaning set forth in the Term Loan Credit Agreement. 

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

“ABL Credit Agreement” shall have the meaning set forth in the Term Loan Credit Agreement. 

“ABL Intercreditor Agreement” shall have the meaning set forth in the Pari Passu Intercreditor Agreement. 

“Additional Grantor” shall have the meaning assigned in Section 7.2. 

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

“Applicable Authorized Representative” shall have the meaning set forth in the Pari Passu Intercreditor Agreement.

 “Authorized Representative” shall have the meaning set forth in the Pari Passu Intercreditor Agreement.

 “Bankruptcy Code” shall mean Title 11 of the United States Code entitled “Bankruptcy,” as now and
hereafter in effect, or any successor statute. 
 “Borrower” shall have the meaning set forth in the
recitals. 
 “Collateral” shall have the meaning assigned in Section 2.1 and, for the avoidance of
doubt, shall exclude all Excluded Assets. 
 “Collateral Agent” shall have the meaning set forth in the
preamble. 
 “Collateral Records” shall mean books, records, ledger cards, files, correspondence, customer
lists, supplier lists, blueprints, technical specifications, manuals, computer software and related documentation, 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. 

  
 -2- 

 “Collateral Support” shall mean all property (real or personal) securing
any Collateral and shall include any security agreement or other agreement granting a lien or security interest in such real or personal property. 

“Company” shall have the meaning set forth in the recitals. 

“Control” shall mean: (1) with respect to any Deposit Accounts, control within the meaning of Section 9-104
of the UCC, (2) with respect to any Securities Accounts, control within the meaning of Section 9-106 of the UCC, (3) with respect to any Uncertificated Securities, control within the meaning of Section 8-106(c) of the UCC, and
(4) with respect to any Certificated Security, control within the meaning of Section 8-106(a) or (b) of the UCC. 

“Control Account” means any Deposit Account or Securities Account that is a “Control Account” (as defined in
the ABL Credit Agreement) or otherwise is or required to be subject to the Control of the ABL Agent. 
 “Control
Agreement” shall mean an agreement, duly executed and delivered by the applicable Grantor, Collateral Agent, the ABL Agent and the depositary bank or the securities intermediary, as the case may be, with which any Deposit Account or
Securities Account is maintained, in form and substance reasonably satisfactory to the Collateral Agent. 

“Controlled Foreign Corporation” shall mean “controlled foreign corporation” as defined in Section 957
(or any successor statute thereto) of the Internal Revenue Code, as well as any Domestic Subsidiary, substantially all of the assets of which consist of Equity Interests of one or more Controlled Foreign Corporations. 

“Copyright Licenses” shall mean, to the extent not constituting an Excluded Asset, any and all license agreements and
covenants not to sue with respect to any Copyright (whether such Grantor is licensee or licensor thereunder) including, without limitation, each agreement required to be listed in Schedule 5.2(I) under the heading “Copyright Licenses” (as
such schedule may be amended or supplemented from time to time). 
 “Copyrights” shall mean, to the extent
not constituting an Excluded Asset, all United States and foreign copyrights and all Mask Works (as defined under 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 therefor including, without limitation, the registrations and applications required to be listed in Schedule 5.2(I) under the heading “Copyrights” (as such schedule may be amended or supplemented
from time to time), (ii) all extensions and renewals thereof, (iii) the right 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 rights corresponding thereto throughout the world. 

“Equity Interests” shall mean any and all shares, interests, participations or other equivalents (however designated)
of capital stock of a corporation, any and all equivalent ownership interests in a Person (other than a corporation), including partnership interests and membership interests, and any and all warrants, rights or options to purchase or other
arrangements or rights to acquire any of the foregoing. 

  
 -3- 

 “Event of Default” shall mean an “Event of Default” under, and
as defined in, the Term Loan Credit Agreement, the Indenture or any Future Term Loan/Notes Agreement. 
 “Excluded
Asset” shall mean any asset of any Grantor excluded from the security interest hereunder by virtue of Section 2.2 hereof but only to the extent, and for so long as, so excluded thereunder. 

“Future Term Loan/Notes Agreement” shall have the meaning set forth in the Pari Passu Intercreditor Agreement.

 “Future Term Loan/Notes Indebtedness” shall have the meaning set forth in the Pari Passu Intercreditor
Agreement. 
 “Future Term Loan/Notes Secured Obligations” shall have the meaning set forth in the Pari Passu
Intercreditor Agreement. 
 “GE Agreement” shall mean that certain Amended and Restated Consumer Credit Card
Program Agreement dated November 5, 2009, by and between Borrower and GE Money Bank, as in effect on the date hereof. 

“Governmental Authority” shall mean the government of the United States of America, any other nation or any political
subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or
pertaining to government. 
 “Grantors” shall have the meaning set forth in the preamble. 

“Indenture” shall have the meaning set forth in the recitals. 

“Insurance” shall mean (i) all insurance policies covering any or all of the Collateral (regardless of whether
the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies. 
 “Intellectual
Property” shall mean, to the extent not constituting an Excluded Asset, all intellectual property, whether arising under the United States, multinational or foreign laws or otherwise, including without limitation, Copyrights, Copyright
Licenses, Patents, Patent Licenses, Trademarks, Trademark Licenses, Trade Secrets, and Trade Secret Licenses, and the right to sue or otherwise recover for any past, present and future infringement, dilution, misappropriation, or other violation
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. 

“Intellectual Property Security Agreement” shall mean each intellectual property security agreement executed and
delivered by the applicable Grantors, substantially in the form set forth in Exhibit B, Exhibit C and Exhibit D, as applicable. 

“Internal Revenue Code” shall mean the Internal Revenue Code of 1986, as amended. 

“Investment Accounts” shall mean the Securities Accounts, Commodity Accounts and Deposit Accounts. 

  
 -4- 

 “Investment Related Property” shall mean, to the extent not constituting
an Excluded Asset: (i) all “investment property” (as such term is defined in Article 9 of the UCC) and (ii) all of the following (regardless of whether classified as investment property under the UCC): all Pledged Equity
Interests, Pledged Debt, and certificates of deposit. 
 “Margin Stock” shall have the meaning set forth in
Regulation U of the Board of Governors, as in effect from time to time and all official rulings and interpretations thereunder or thereof. 

“Material Intellectual Property” shall mean any Intellectual Property included in the Collateral that is material to
the business of any Grantor or is otherwise of material value to any Grantor. 
 “Organizational Documents”
shall mean (i) with respect to any corporation or company, its certificate, memorandum or articles of incorporation, organization or association, as amended, and its bylaws, as amended, (ii) with respect to any limited partnership, its
certificate or declaration of limited partnership, as amended, and its partnership agreement, as amended, (iii) with respect to any general partnership, its partnership agreement, as amended, and (iv) with respect to any limited liability
company, its articles of organization, as amended, and its operating agreement, as amended.  
 “Pari Passu
Intercreditor Agreement” shall have the meaning set forth in the recitals. 
 “Patent Licenses”
shall mean, to the extent not constituting an Excluded Asset, all license agreements or covenants not to sue with respect to any Patent (whether such Grantor is licensee or licensor thereunder) including, without limitation, each agreement required
to be listed in Schedule 5.2(I) under the heading “Patent Licenses” (as such schedule may be amended or supplemented from time to time). 

“Patents” shall mean, to the extent not constituting an Excluded Asset, all United States and foreign patents and
certificates of invention, or industrial property designs, and applications for any of the foregoing, including, without limitation: (i) each patent and patent application required to be listed in Schedule 5.2(I) under the heading
“Patents” (as such schedule may be amended or supplemented from time to time), (ii) all reissues, divisions, continuations, continuations-in-part and extensions thereof, (iii) all patentable inventions described and claimed
therein, (iv) the right 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, and (vi) all other rights corresponding thereto throughout the world. 

“Permitted Liens” means Liens that are permitted under Section 6.2 of the Term Loan Credit Agreement,
Section 3.6 of the Indenture and the applicable section of each Future Term Loan/Notes Agreement. 
 “Pledge
Supplement” shall mean any supplement to this Agreement in substantially the form of Exhibit A. 
 “Pledged
Debt” shall mean, to the extent not constituting an Excluded Asset, all indebtedness for borrowed money owed to any Grantor (other than to Holdings by Borrower), whether or not evidenced by any Instrument, issued by the obligors named
therein, the instruments, if any, evidencing any of the foregoing, and all interest, cash, instruments 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 the
foregoing. 

  
 -5- 

 “Pledged Equity Interests” shall mean, to the extent not constituting an
Excluded Asset and to the extent owned by any Grantor, all Pledged Stock, Pledged LLC Interests, Pledged Partnership Interests and any other participation or interests in any equity or profits of any business entity including, without limitation,
any trust and all management rights relating to any entity whose equity interests are included as Pledged Equity Interests. 

“Pledged LLC Interests” shall mean, to the extent not constituting an Excluded Asset, all interests owned by any
Grantor in any limited liability company and each series thereof and the certificates, if any, representing such limited liability company interests and any interest owned by any Grantor on the books and records of such limited liability company or
on the books and records of any securities intermediary pertaining to such interest 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 all rights as a member of the related limited liability company. 

“Pledged Partnership Interests” shall mean, to the extent not constituting an Excluded Asset, all interests owned by
any Grantor in any general partnership, limited partnership, limited liability partnership or other partnership and the certificates, if any, representing such partnership interests and any interest owned by any Grantor on the books and records of
such partnership or on the books and records of any securities intermediary pertaining to such interest 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 all rights as a partner of the related partnership. 

“Pledged Stock” shall mean, to the extent not constituting an Excluded Asset, all shares of capital stock owned by any
Grantor (other than shares of capital stock of the Borrower owned by Holdings), 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 or on the books of any
securities intermediary pertaining to 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. 
 “Receivables” shall mean, to the extent not constituting
an Excluded Asset, all rights of any Grantor to payment, whether or not earned by performance, for goods or other property sold, leased, licensed, assigned or otherwise disposed of, or services rendered or to be rendered, including, without
limitation all such rights constituting or evidenced by any Account, Chattel Paper, Instrument, General Intangible or Investment Related Property. 

“Receivables Records” shall mean (i) all original copies of all documents, instruments or other writings or
electronic records or other Records evidencing the Receivables, (ii) all books, correspondence, credit or other files, Records, ledger sheets or cards, invoices, and other papers relating to Receivables, including, without limitation, all
tapes, cards, computer tapes, computer discs, computer runs, record keeping systems and other papers and documents relating to the Receivables, whether in the possession or under the control of Grantor or any computer bureau or agent from time to
time acting for Grantor or otherwise, (iii) all evidences of the filing of financing statements and the registration of other instruments in connection therewith, and amendments, supplements or other modifications thereto, notices to other
creditors, secured parties or agents thereof, and certificates, acknowledgments, or other writings, including, without limitation, lien search reports, from filing or other registration officers, (iv) all credit information, reports and
memoranda relating thereto and (v) all other written or non-written forms of information related in any way to the foregoing or any Receivable. 

  
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 “Restatement Effective Date” means June 23, 2016. 

“Stockholders’ Equity” shall have the meaning set forth in the Term Loan Credit Agreement. 

“Term Loan Credit Agreement” shall have the meaning set forth in the recitals. 

“Term Loan/Notes Documents” shall have the meaning set forth in the Pari Passu Intercreditor Agreement. 

“Term Loan/Notes Secured Obligations” shall have the meaning set forth in the Pari Passu Intercreditor Agreement.

 “Term Loan/Notes Secured Parties” shall have the meaning set forth in the Pari Passu Intercreditor
Agreement. 
 “Trademark Licenses” shall mean, to the extent not constituting an Excluded Asset, any and all
license agreements or covenants not to sue with respect to any Trademark or permitting co-existence with respect to a Trademark (whether such Grantor is licensee or licensor thereunder) including, without limitation, each agreement required to be
listed in Schedule 5.2(I) under the heading “Trademark Licenses” (as such schedule may be amended or supplemented from time to time). 

“Trademarks” shall mean, to the extent not constituting an Excluded Asset, all United States, and foreign trademarks,
trade names, trade dress, Internet domain names, service marks, certification marks, logos, and other source identifiers, whether or not registered, and with respect to any and all of the foregoing: (i) all registrations and applications
therefor including, without limitation, the registrations and applications required to be listed in Schedule 5.2(I) under the heading “Trademarks”(as such schedule may be amended or supplemented from time to time), (ii) all extensions
or renewals of any of the foregoing, (iii) all of the goodwill of the business connected with the use of and symbolized by any of the foregoing, (iv) the right to sue or otherwise recover for any past, present and future infringement,
dilution or other violation of any of the foregoing, (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, and (vi) all other rights corresponding thereto throughout the world. 
 “Trade Secret
Licenses” shall mean, to the extent not constituting an Excluded Asset, any and all license agreements or covenants not to sue with respect to any Trade Secret (whether such Grantor is licensee or licensor thereunder) including, without
limitation, each agreement required to be listed in Schedule 5.2(I) under the heading “Trade Secret Licenses” (as such schedule may be amended or supplemented from time to time). 

“Trade Secrets” shall mean, to the extent not constituting an Excluded Asset, all trade secrets and all other
confidential or proprietary information and know-how, and with respect to any and all of the foregoing: (i) the right 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, and proceeds of suit now or hereafter due and/or payable with respect thereto; and (iii) all other rights corresponding
thereto throughout the world. 
 “UCC” shall mean the Uniform Commercial Code as in effect from time to time
in the State of New York or, when the laws of any other jurisdiction govern the perfection of, priority of, or remedies with respect to any Collateral, the Uniform Commercial Code of such jurisdiction. 

“United States” shall mean the United States of America. 

  
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 1.2 Definitions; Interpretation. 

(a) In this Agreement, the following capitalized terms shall have the meaning given to them in the UCC (and, if defined in more than one
Article of the UCC, shall have the meaning given in Article 9 thereof): Account, Account Debtor, As-Extracted Collateral, Bank, Certificated Security, Chattel Paper, Commercial Tort Claims, Commodity Account, Commodity Contract, Commodity
Intermediary, Consignee, Consignment, Consignor, Deposit Account, Document, Entitlement Order, Electronic Chattel Paper, Equipment, Farm Products, Fixtures, General Intangibles, Goods, Health-Care-Insurance Receivable, Instrument, Inventory, Letter
of Credit Right, Manufactured Home, Money, Payment Intangible, Proceeds, Record, Securities Account, Securities Intermediary, Security Certificate, Security Entitlement, Supporting Obligations, Tangible Chattel Paper and Uncertificated Security.

 (b) All other capitalized terms used herein (including the preamble and recitals hereto) and not otherwise defined herein shall have the
meanings ascribed thereto in the Pari Passu Intercreditor Agreement or, if not defined therein, the Term Loan Credit Agreement or the Indenture, as context indicates. The incorporation by reference of terms defined in the Term Loan Credit Agreement
or the Indenture shall survive any termination of the Term Loan Credit Agreement or Indenture, as applicable, until this Agreement is terminated as provided in Section 11 hereof. Any of the terms defined herein may, unless the context otherwise
requires, be used in the singular or the plural, depending on the reference. References herein to any Section, Appendix, Schedule or Exhibit shall be to a Section, an Appendix, a Schedule or an Exhibit, as the case may be, hereof unless otherwise
specifically provided. 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. The terms lease and license shall include sub-lease and sub-license, as applicable. If any conflict
or inconsistency exists between this Agreement (other than Section 2 hereof) and the Pari Passu Intercreditor Agreement, the Pari Passu Intercreditor Agreement shall govern. All references herein to provisions of the UCC shall include all
successor provisions under any subsequent version or amendment to any Article of the UCC. 
 SECTION 2. GRANT OF SECURITY. 

2.1 Grant of Security. Each Grantor hereby grants (and hereby confirms its prior grant of) to the Collateral Agent, for the benefit of
the Term Loan/Notes Secured Parties, a security interest in and continuing lien on all of such Grantor’s right, title and interest in, to and under all personal property and fixtures of such Grantor including, but not limited to the following,
in each case whether now or hereafter existing or in which any Grantor now has or hereafter acquires an interest and wherever the same may be located (all of which being hereinafter collectively referred to as the “Collateral”):

 (a) Accounts; 
 (b)
Chattel Paper; 
 (c) Documents; 

(d) General Intangibles; 
 (e)
Goods (including, without limitation, Inventory and Equipment); 

  
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 (f) Instruments; 

(g) Insurance; 
 (h) Intellectual
Property; 
 (i) Investment Related Property and Investment Accounts; 

(j) Letter of Credit Rights; 
 (k)
Money; 
 (l) Receivables and Receivables Records; 

(m) Commercial Tort Claims now or hereafter described on Schedule 5.2; 

(n) to the extent not otherwise included above, all other personal property of any kind and all Collateral Records, Collateral Support and
Supporting Obligations relating to any of the foregoing; and 
 (o) to the extent not otherwise included above, all Proceeds, products,
accessions, rents and profits of or in respect of any of the foregoing. 
 2.2 Certain Limited Exclusions. Notwithstanding anything
herein to the contrary, in no event shall the Collateral include or the security interest granted under Section 2.1 hereof attach to (a) any lease, license, contract or agreement to which any Grantor is a party (other than contracts
between or among Holdings and its subsidiaries), and any of its rights or interest thereunder, if and to the extent that a security interest is prohibited by or in violation of (i) any law, rule or regulation applicable to such Grantor or any
asset or property of any Grantor (with no requirement to obtain the consent of any Governmental Authority, including without limitation, no requirement to comply with the Federal Assignment of Claims Act or any similar statute), or (ii) a term,
provision or condition of any such lease, license, contract or agreement (unless such law, rule, regulation, term, provision or condition would be rendered ineffective with respect to the creation of the security interest hereunder pursuant to
Sections 9-406, 9-407, 9-408 or 9-409 of the UCC (or any successor provision or provisions) of any relevant jurisdiction or any other applicable law (including the Bankruptcy Code) or principles of equity); provided however that the
Collateral shall include (and such security interest shall attach) immediately at such time as the contractual or legal prohibition shall no longer be applicable and to the extent severable, shall attach immediately to any portion of such lease,
license, contract or agreement not subject to the prohibitions specified in (i) or (ii) above; provided further that the exclusions referred to in clause (a) of this Section 2.2 shall not include any Proceeds of any such
lease, license, contract or agreement unless such Proceeds also constitute Excluded Assets; (b) any assets the pledge of or granting a security interest in which would (i) violate any law, rule or regulation applicable to such Grantor
(with no requirement to obtain the consent of any Governmental Authority) or (ii) require a consent, approval, or other authorization of a landlord or other third party, in the case of this subclause (ii) only, if such consent, approval or
other authorization cannot be obtained after the use of commercially reasonable efforts by the Grantors (provided that there shall be no requirement to obtain the consent of any Governmental Authority); (c) Margin Stock and Equity Interests
owned by any Grantor in any Person other than wholly-owned Subsidiaries to the extent not permitted by the terms of such Person’s Organizational Documents or the terms governing any joint ventures to which such Grantor is a party; (d) any
assets of any Grantor to the extent a security interest in such assets could result in material adverse tax consequences to such Grantor (other than payment of mortgage tax, transfer tax or similar taxes related to real property 

  
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collateral); (e) the Equity Interests in (and assets of) captive insurance companies, in each case owned by any Grantor; (f) any assets subject to a Lien securing Indebtedness to
finance the acquisition, construction or improvement of such assets, including capital lease obligations and any Indebtedness assumed in connection with the acquisition of such assets or secured by a Lien on any such assets prior to the acquisition
thereof, and extensions, renewals, refinancings and replacements of any such Indebtedness, in each case to the extent such Lien and such Indebtedness are permitted under the Term Loan/Notes Documents and to the extent a security interest in favor of
the Collateral Agent on such assets is prohibited by the documentation governing such Indebtedness; (g) any of the outstanding Equity Interests of a Controlled Foreign Corporation in excess of 65% of the voting power of all classes of capital
stock of such Controlled Foreign Corporation entitled to vote; (h) any “intent-to-use” application for registration of a trademark or service mark filed pursuant to Section 1(b) of the Lanham Act, 15 U.S.C. § 1051, prior to
the filing 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 would impair the validity or enforceability of any registration that issues from such intent-to-use application under applicable federal law; (i) any interest
of a Grantor in any “Bank Property” (as defined in the GE Agreement); (j) any Equity Interests of the Borrower owned or held by Holdings or instruments evidencing Indebtedness made by the Borrower in favor of or held by Holdings;
(k) (i) aircraft, aircraft engines and parts, (ii) all appurtenances, accessions, appliances, instruments, avionics, accessories or other parts related to aircraft, aircraft engines and parts and (iii) all log books, records and
documents maintained with respect to the property described in clauses (i) and (ii) above; (l) (x) rolling stock and (y) motor vehicles and other assets subject to certificates of title to the extent a lien therein cannot be
perfected by the filing of a UCC financing statement (or analogous procedures under applicable law in the relevant jurisdiction); (m) any Deposit Accounts specifically and exclusively used (1) for payroll, payroll taxes, workers’
compensation or unemployment compensation, pension benefits and other similar expenses to or for the benefit of any Grantor’s employees and accrued and unpaid employee compensation (including salaries, wages, benefits and expense
reimbursements), (2) as zero balance deposit accounts, (3) for trust or fiduciary purposes in the ordinary course of business and (4) for all taxes required to be collected or withheld (including, without limitation, federal and state
withholding taxes (including the employer’s share thereof), taxes owing to any governmental unit thereof, sales, use and excise taxes, customs duties, import duties and independent customs brokers’ charges) for which any Grantor may become
liable; or (n) any tangible personal property owned by the Borrower constituting a part of any store, warehouse or distribution center located within one of the 50 states of the United States or the District of Columbia (exclusive of motor
vehicles, mobile materials-handling equipment and other rolling stock, cash registers and other point of sale recording devices and related equipment, and data processing and other office equipment), if the net book value of such tangible personal
property and the real property (including leasehold improvements) constituting a part of such store, warehouse or distribution center exceeds 0.25% of Stockholders’ Equity (as determined in accordance with the 1994 Indenture). 

SECTION 3. SECURITY FOR OBLIGATIONS; GRANTORS REMAIN LIABLE. 

3.1 Security for Obligations. This Agreement secures, and the Collateral is collateral security for, the prompt and complete payment or
performance in full when due, whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise (including the payment of amounts that would become due but for the operation of the automatic stay under
Section 362(a) of the Bankruptcy Code, 11 U.S.C. §362(a) (and any successor provision thereof)), of all Term Loan/Notes Secured Obligations. 

  
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 3.2 Continuing Liability Under Collateral. Notwithstanding anything herein to the
contrary, (i) each Grantor shall remain liable for all obligations under the Collateral to the same extent as if this Agreement had not been executed and nothing contained herein is intended or shall be a delegation of duties to the Collateral
Agent or any other Term Loan/Notes Secured Party, (ii) each Grantor shall remain liable under each of the agreements included in the Collateral, including, without limitation, any agreements relating to Pledged Partnership Interests or Pledged
LLC Interests, to perform all of the obligations undertaken by it thereunder all in accordance with and pursuant to the terms and provisions thereof to the same extent as if this Agreement had not been executed and neither the Collateral Agent nor
any Term Loan/Notes Secured Party shall have any obligation or liability under any of such agreements by reason of or arising out of this Agreement or any other document related thereto nor shall the Collateral Agent nor any Term Loan/Notes Secured
Party have any obligation to make any inquiry as to the nature or sufficiency of any payment received by it or have any obligation to take any action to collect or enforce any rights under any agreement included in the Collateral, including, without
limitation, any agreements relating to Pledged Partnership Interests or Pledged LLC Interests, and (iii) the exercise by the Collateral Agent of any of its rights hereunder shall not release any Grantor from any of its duties or obligations
under the contracts and agreements included in the Collateral. 
 SECTION 4. CERTAIN PERFECTION REQUIREMENTS 

4.1 Delivery Requirements. 

(a) Subject to Sections 4.5 and 6.4(b), with respect to any Certificated Securities included in the Collateral, each Grantor shall deliver to
the Collateral Agent the Security Certificates evidencing such Certificated Securities duly indorsed by an effective indorsement (within the meaning of Section 8-107 of the UCC), or accompanied by share transfer powers or other instruments of
transfer duly endorsed by such an effective endorsement, in each case, to the Collateral Agent or in blank. In addition, each Grantor shall cause any certificates evidencing any Pledged Equity Interests, including, without limitation, any Pledged
Partnership Interests or Pledged LLC Interests, to be similarly delivered to the Collateral Agent regardless of whether such Pledged Equity Interests constitute Certificated Securities. 

(b) Subject to Sections 4.5 and 6.4(b), with respect to any Instruments or Tangible Chattel Paper included in the Collateral, each Grantor
shall deliver all such Instruments or Tangible Chattel Paper to the Collateral Agent duly indorsed in blank; provided, however, that such delivery requirement shall not apply to any Instruments or Tangible Chattel Paper having a face
amount of less than $5,000,000 individually or $15,000,000 in the aggregate. 
 4.2 Control Requirements. Subject to Section 4.5,
with respect to Deposit Accounts and Securities Accounts included in the Collateral and constituting ABL Priority Collateral, each Grantor shall use commercially reasonable efforts to enter into a Control Agreement with the Collateral Agent and each
bank where such Grantor maintains or hereafter establishes any such Deposit Account or any such Securities Account, in each case that is a Control Account or, as applicable, amend the Control Agreements entered into by the Former Agent to reflect
the assignment of the security interest under the Existing Security Agreement to the Collateral Agent. 
 4.3 Intellectual Property
Recording Requirements. 
 (a) Subject to Sections 4.5 and 6.4(b)(iv), in the case of any Collateral (whether now owned or hereafter
acquired) consisting of issued U.S. Patents and applications therefor, each Grantor shall execute and deliver to the Collateral Agent a Patent Security Agreement in substantially the form of Exhibit C hereto (or a supplement thereto) covering all
such Patents in appropriate form for recordation with the U.S. Patent and Trademark Office with respect to the security interest of the Collateral Agent and arrange for filing such agreement with the United States Patent and Trademark Office. 

  
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 (b) Subject to Sections 4.5 and 6.4(b)(iv), in the case of any Collateral (whether now owned or
hereafter acquired) consisting of registered U.S. Trademarks and applications therefor, each Grantor shall execute and deliver to the Collateral Agent a Trademark Security Agreement in substantially the form of Exhibit B hereto (or a supplement
thereto) covering all such Trademarks in appropriate form for recordation with the U.S. Patent and Trademark Office with respect to the security interest of the Collateral Agent and arrange for filing such agreement with the United States Patent and
Trademark Office. 
 (c) Subject to Sections 4.5 and 6.4(b)(iv), in the case of any Collateral (whether now owned or hereafter acquired)
consisting of registered U.S. Copyrights and exclusive Copyright Licenses in respect of registered U.S. Copyrights for which any Grantor is the licensee and which are included in the Material Intellectual Property, each Grantor shall execute and
deliver to the Collateral Agent a Copyright Security Agreement in substantially the form of Exhibit D hereto (or a supplement thereto) covering all such Copyrights and Copyright Licenses in appropriate form for recordation with the U.S. Copyright
Office with respect to the security interest of the Collateral Agent and arrange for filing such agreement with the United States Copyright Office. 

4.4 Other Actions. Subject to Sections 4.5 and 6.4(b), with respect to any Pledged Partnership Interests and Pledged LLC Interests
included in the Collateral, if the Grantors own less than 100% of the equity interests in any issuer of such Pledged Partnership Interests or Pledged LLC Interests, upon the request of the Collateral Agent or the Applicable Authorized
Representative, Grantors shall use their commercially reasonable efforts to obtain the consent of each other holder of partnership interest or limited liability company interests in such issuer to the security interest of the Collateral Agent
hereunder and following an Event of Default and the exercise of remedies by the Collateral Agent in respect thereof, the transfer of such Pledged Partnership Interests and Pledged LLC Interests to the Collateral Agent or its designee, and to the
substitution of the Collateral Agent or its designee as a partner or member with all the rights and powers related thereto. Each Grantor consents to the grant by each other Grantor of a Lien in all of its Investment Related Property to the
Collateral Agent and without limiting the generality of the foregoing consents to the transfer of any Pledged Partnership Interest and any Pledged LLC Interest to the Collateral Agent or its designee following an Event of Default and the exercise of
remedies by the Collateral Agent in respect thereof and to the substitution of the Collateral Agent or its designee as a partner in any partnership or as a member in any limited liability company with all the rights and powers related thereto. 

4.5 Timing and Notice. With respect to any Collateral in existence on the Restatement Effective Date in which a security interest in
favor of the Collateral Agent, for the benefit of the Term Loan/Notes Secured Parties, is not perfected or delivered on the Restatement Effective Date (to the extent perfection or delivery is required under this Agreement) after the Grantors’
use of commercially reasonable efforts to do so, the Grantors shall comply with the requirements of Section 4 within ninety (90) days of the Restatement Effective Date (unless such date is extended with the consent of the Applicable
Authorized Representative), and with respect to any Collateral hereafter owned or acquired by any Grantor, such Grantor shall comply with such requirements within forty-five (45) days of such Grantor acquiring rights therein (unless such date
is extended with the consent of the Applicable Authorized Representative). Each year, at the time of delivery of annual financial statements with respect to the preceding Fiscal Year pursuant to Section 5.1(b) of the Term Loan Credit Agreement
or, if the Term Loan Credit Agreement is no longer outstanding, the corresponding provisions of the Indenture or any Future Term Loan/Notes Agreement, each Grantor shall inform the Collateral Agent and the Applicable Authorized Representative of its
acquisition of any Collateral for which any action is required by Section 4 hereof (including, for the avoidance of doubt, the filing of any applications for, or the issuance or registration of, any U.S. Patents, Copyrights or Trademarks). 

  
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 SECTION 5. REPRESENTATIONS AND WARRANTIES. 

Each Grantor hereby represents and warrants, on the Restatement Effective Date, that: 

5.1 [Reserved.] 
 5.2
Collateral Identification, Special Collateral. No material portion 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) satellites, ships or railroad rolling stock. 
 5.3 Ownership of Collateral and
Absence of Other Liens. 
 (a) it has good and valid rights in and title to the Collateral in which it has purported to grant a security
interest in favor of the Collateral Agent, for the benefit of the Term Loan/Notes Secured Parties, subject to Permitted Liens, and has full power and authority to grant to the Collateral Agent such security interest in such Collateral pursuant
hereto and to execute, deliver and perform its obligations in accordance with the terms of this Agreement, without the consent or approval of any other Person other than any consent or approval that has been obtained; 

(b) the Collateral is owned by the Grantors free and clear of any Lien, other than Permitted Liens. None of the Grantors has filed or consented
to the filing of (i) any financing statement or analogous document under the UCC or any other applicable laws covering any Collateral except any such filings made pursuant to any documentation governing Permitted Liens, or (ii) any
assignment in which any Grantor assigns any Collateral or any security agreement or similar instrument covering any Collateral with any foreign governmental, municipal or other office, which financing statement or analogous document, assignment,
security agreement or similar instrument is still in effect, except, in each case, in respect of Permitted Liens; and 
 (c) other than
(w) the Collateral Agent, (x) the ABL Agent to the extent permitted under the ABL Intercreditor Agreement, (y) any control in favor of a Bank, Securities Intermediary or Commodity Intermediary maintaining a Deposit Account, Securities
Account or Commodity Contract, or (z) any other holder of a Permitted Lien, no Person other than a Grantor is in Control of any Collateral. 

5.4 Status of Security Interest. 

(a) the Collateral Questionnaire delivered on the Restatement Effective Date has been duly prepared, completed and executed and the information
set forth therein, including the exact legal name of each Grantor, is correct and complete as of the Restatement Effective Date. Subject to Section 4.5, the UCC financing statements or other appropriate filings, recordings or registrations
containing a description of the Collateral that have been prepared based upon the information specified in the Collateral Questionnaire for filing in each governmental, municipal or other office set forth opposite such Grantor’s name
(i) on the Collateral Questionnaire or (ii) as specified by notice from Borrower to the Applicable Authorized Representative and the Collateral Agent, as applicable, after the Restatement Effective Date in the case of filings, recordings
or registrations required by Sections 6.1, 7.1 or 7.2, are all the filings, recordings and registrations that are necessary to establish legal, valid and perfected security interests in favor of the Collateral Agent, for the benefit of the Term
Loan/Notes Secured Parties, having priority over all other Liens except for any Permitted Liens with respect to all Collateral in which such security interest may be perfected by filing, recording or registration in the United States (or any
political subdivision thereof) and, except in respect of certain after-acquired Collateral, no further or subsequent filing, refiling, recording, rerecording, registration or reregistration is necessary in any such jurisdiction, except as provided
under applicable law with respect to the filing of continuation statements; 

  
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 (b) the security interests granted hereunder in favor of the Collateral Agent, for the benefit of
the Term Loan/Notes Secured Parties, constitute (i) legal and valid security interests in all the Collateral securing the payment and performance of the Term Loan/Notes Secured Obligations and (ii) subject to the filings described in
Section 5.4(a) and to Section 4.5, a perfected security interest in all Collateral in which a security interest may be perfected by filing, recording or registering a financing statement or other instrument in the central filing office of
any state of the United States (or any political subdivision thereof), with the United States Patent and Trademark Office or with the United States Copyright Office, in each case pursuant to the UCC or other applicable law in the United States (or
any political subdivision thereof); provided that additional actions may be required in respect of certain after-acquired Collateral. The security interest granted hereunder in favor of the Collateral Agent, for the benefit of the Term Loan/Notes
Secured Parties, has priority over all other Liens except for any Permitted Liens; 
 (c) to the extent perfection or priority of the
security interest therein is not subject to Article 9 of the UCC, upon recordation of the security interests granted hereunder in U.S. Patents, Trademarks and Copyrights and exclusive Copyright Licenses (in respect of registered U.S. Copyrights for
which any Grantor is the licensee and which are included within the Material Intellectual Property) in the United States Patent and Trademark Office and the United States Copyright Office, the security interests granted to the Collateral Agent
hereunder over such Intellectual Property shall constitute valid, perfected Liens having priority over all other Liens except for Permitted Liens; 

(d) no authorization, consent, approval or other action by, and no notice to or filing with, any Governmental Authority is required for either
(i) the pledge or grant by any Grantor of the Liens purported to be created in favor of the Collateral Agent hereunder or (ii) the exercise by Collateral Agent of any rights or remedies in respect of any Collateral (whether specifically
granted or created hereunder or created or provided for by applicable law), except (A) such as have been obtained or made and are in full force and effect, (B) the filings contemplated by clause (a) above and (C) as may be
required, in connection with the disposition of any Investment Related Property, by laws generally affecting the offering and sale of Securities; 

(e) each Grantor is in compliance with its obligations under Section 4 hereof; and 

(f) notwithstanding the foregoing, the representations and warranties set forth in this Section 5.4 as to perfection and priority of the
security interests granted hereunder to the Collateral Agent, for the benefit of the Term Loan/Notes Secured Parties, in Proceeds are limited to the extent provided in Section 9-315 of the Uniform Commercial Code. 

5.5 Goods. 
 (a) other than
any Inventory or Equipment in transit, being repaired, or having a value of less than $200,000.00 in the aggregate, all of the Equipment and Inventory included in the Collateral is located only at the locations specified in Schedule 5.5. 

5.6 Pledged Equity Interests, Investment Related Property. 

(a) it is the record and beneficial owner of the Pledged Equity Interests free of all Liens of other Persons other than Permitted Liens, and
there are no outstanding warrants, options or other rights to purchase, or shareholder, voting trust or similar agreements outstanding with respect to, or property that is convertible into, or that requires the issuance or sale of, any Pledged
Equity Interests; and 

  
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 (b) no consent of any Person including any other general or limited partner, any other member of
a limited liability company, any other shareholder or any other trust beneficiary is necessary in connection with the creation, perfection or first priority status of the security interest of the Collateral Agent in any Pledged Equity Interests or
the exercise by the Collateral Agent of the voting or other rights provided for in this Agreement or the exercise of remedies in respect thereof except such as have been obtained. 

5.7 Intellectual Property. Except as could not reasonably be expected to have a Material Adverse Effect: 

(a) it is the sole and exclusive owner of the entire right, title, and interest in and to all Intellectual Property listed on Schedule 5.2(I),
and, to such Grantor’s knowledge, owns or has the valid right to use all other Intellectual Property used in or necessary to conduct its business, free and clear of all Liens, claims and licenses, except for Permitted Liens and the licenses set
forth on Schedule 5.2(I); 
 (b) all applications and registrations for Material Intellectual Property of such Grantor are subsisting, in
full force and effect, and have not been adjudged invalid or unenforceable and such Grantor has performed all acts and has paid all renewal, maintenance, and other fees and taxes required to maintain each and every registration and application of
Copyrights, Patents and Trademarks of such Grantor constituting Material Intellectual Property in full force and effect; 
 (c) no holding,
decision, ruling, or judgment has been rendered in any action or proceeding before any court or administrative authority prohibiting such Grantor’s right to register, own or use any Material Intellectual Property of such Grantor, and no action
or proceeding challenging the validity or enforceability of, or such Grantor’s right to register, own, or use, any Material Intellectual Property of such Grantor is pending or, to such Grantor’s knowledge, threatened; 

(d) all registrations and applications for Copyrights, Patents and Trademarks of such Grantor are standing in the name of such Grantor, and
none of the Trademarks, Patents, Copyrights or Trade Secrets owned by such Grantor has been licensed by such Grantor to any Affiliate or third party, except as disclosed in Schedule 5.2(I) and pursuant to other licenses that are not material to the
business of any Grantor and are not otherwise of material value to any Grantor; 
 (e) such Grantor has not made a commitment constituting a
present or future sale or transfer or similar arrangement of any Material Intellectual Property that has not been terminated or released; 

(f) [reserved]; 
 (g) such Grantor
uses consistent standards of quality in the manufacture, distribution and sale of products sold and in the provision of services rendered under or in connection with all Trademarks included in the Collateral; 

(h) to such Grantor’s knowledge, the conduct of such Grantor’s business does not infringe, misappropriate, dilute or otherwise
violate any intellectual property rights of any other Person; no claim has been made in writing, in the past three (3) years (or earlier, if presently unresolved), that the use of any Material Intellectual Property owned or used by such Grantor
(or any of its respective licensees) infringes, misappropriates, dilutes or otherwise violates the asserted rights of any other Person; and 

  
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 (i) to such Grantor’s knowledge, no Person is infringing, misappropriating, diluting or
otherwise violating any rights in any Material Intellectual Property owned, licensed or used by such Grantor. 
 SECTION 6. COVENANTS AND AGREEMENTS.

 Each Grantor hereby covenants and agrees that: 

6.1 Grantor Information and Status. The Grantors will furnish to the Collateral Agent and the Applicable Authorized Representative
prompt written notice of any change (i) in the legal name of any Grantor, (ii) in the identity or type of organization or corporate structure of any Grantor or (iii) in the jurisdiction of organization of any Grantor. Each
Grantor agrees not to effect or permit any change referred to in the preceding sentence unless all filings have been made under the UCC or otherwise that are required in order for Collateral Agent to continue at all times following such change to
have a valid, legal and perfected security interest in all the Collateral. In connection with any such notice, upon the reasonable request by the Collateral Agent or the Applicable Authorized Representative, the Grantors shall execute and
deliver to the Collateral Agent a completed Pledge Supplement together with all Supplements to Schedules thereto. 
 6.2 Commercial Tort
Claims. In the event that it hereafter acquires or has any Commercial Tort Claim having a value reasonably believed by such Grantor to be in excess of $5,000,000 individually or $15,000,000 in the aggregate for which a complaint in a court of
competent jurisdiction has been filed, it shall deliver to the Collateral Agent and the Applicable Authorized Representative a completed Pledge Supplement together with all Supplements to Schedules thereto, identifying such new Commercial Tort
Claims. 
 6.3 Ownership of Collateral and Absence of Other Liens. 

(a) except for the security interest created by this Agreement, it shall not create or suffer to exist any Lien upon or with respect to any of
the Collateral, other than Permitted Liens, and such Grantor shall, at its own expense, take any and all commercially reasonable actions to defend title to the Collateral against all Persons and to defend the security interests granted hereunder in
favor of the Collateral Agent, for the benefit of the Term Loan/Notes Secured Parties, in the Collateral and the priority thereof against any Lien other than Permitted Liens; and 

(b) at such time or times as the Collateral Agent or the Applicable Authorized Representative may reasonably request, promptly to prepare and
deliver to the Applicable Authorized Representative and the Collateral Agent a duly certified schedule or schedules in form and detail reasonably satisfactory to the Collateral Agent and/or the Applicable Authorized Representative showing the
identity, amount and location of any and all Equipment and Inventory constituting Collateral; provided that, unless an Event of Default shall have occurred and be continuing, such schedules shall only be delivered, to the extent reasonably
requested by the Collateral Agent or the Applicable Authorized Representative, at the time of delivery of annual financial statements with respect to the preceding Fiscal Year pursuant to Section 5.1(b) of the Term Loan Credit Agreement or, if
the Term Loan Credit Agreement is no longer outstanding, Section 3.10(a) of the Indenture or the corresponding provisions of any Future Term Loan/Notes Agreement. 

  
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 6.4 Status of Security Interest. 

(a) Subject to the limitations set forth in subsection (b) of this Section 6.4, each Grantor shall maintain the security interest of
the Collateral Agent hereunder in all Collateral as valid, perfected Liens having priority over all other Liens except for Permitted Liens. 

(b) Notwithstanding anything to the contrary herein, no Grantor shall be required to take any action to perfect the security interests granted
hereunder on (i) any Collateral that can only be perfected by (A) Control (other than to the extent required by Section 4.1 and Section 4.2), (B) foreign filings with respect to Intellectual Property, or (C) filings
with registrars of motor vehicles or similar governmental authorities with respect to goods covered by a certificate of title, in each case except as and to the extent specified in Section 4 hereof, (ii) any assets of any Grantor located
outside the United States or assets of any Grantor that require action under the laws of any jurisdiction other than the United States or any state or county thereof to perfect a security interest in such assets, including any Intellectual Property
registered in any jurisdiction other than the United States, (iii) Letter of Credit rights (other than Supporting Obligations) and (iv) any assets of any Grantor in which the cost of perfecting a security interest therein exceeds the
practical benefit to the Term Loan/Notes Secured Parties afforded thereby (as reasonably determined by the Borrower and the Applicable Authorized Representative). 

6.5 Goods and Receivables. 

(a) it shall not deliver any negotiable Document evidencing any Equipment to any Person other than the issuer of such negotiable Document to
claim the Goods evidenced therefor or the Collateral Agent; 
 (b) it shall maintain, at its own cost and expense, such complete and accurate
records with respect to all Receivables as is in accordance with such prudent and standard practices used in industries that are the same as or similar to those in which such Grantor is engaged, but in any event to include accounting records
indicating all payments and proceeds received with respect to the Receivables; and 
 (c) upon the occurrence and during the continuance of
any Event of Default, each of the Grantors will collect and enforce, in accordance with past practices and in the ordinary course of business, all amounts due to such Grantor under the Receivables owned by it. Such Grantor will deliver to the
Collateral Agent promptly upon its reasonable request or the reasonable request of the Applicable Authorized Representative after the occurrence and during the continuance of an Event of Default duplicate invoices with respect to each Receivable
owned by it, bearing such language of assignment as the Collateral Agent and/or the Applicable Authorized Representative shall reasonably specify in connection with its exercise of remedies hereunder. 

6.6 Pledged Equity Interests, Investment Related Property. 

(a) except as provided in the next sentence, in the event such Grantor receives any dividends, interest or distributions on any Pledged Equity
Interest or other Investment Related Property, upon the merger, consolidation, liquidation or dissolution of any issuer of any Pledged Equity Interest or Investment Related Property, then (a) such dividends, interest or distributions and
securities or other property shall be included in the definition of Collateral without further action and (b) such Grantor shall promptly take all steps, if any, necessary to ensure the validity, perfection, priority and, if applicable, control
of the Collateral Agent over such Investment Related Property (including, without limitation, delivery thereof to the Collateral Agent to the extent certificated and to the extent that a security interest therein may be perfected by possession) and
pending any such action such Grantor shall be deemed to 

  
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hold such dividends, interest, distributions, securities or other property in trust for the benefit of the Collateral Agent and shall segregate such dividends, distributions, Securities or other
property from all other property of such Grantor. Notwithstanding the foregoing, so long as no Event of Default shall have occurred and be continuing, the Collateral Agent authorizes each Grantor to retain all dividends and distributions and all
payments of interest; 
 (b) Voting. 

(i) So long as no Event of Default shall have occurred and be continuing, except as otherwise provided under the covenants and
agreements relating to Investment Related Property in this Agreement or elsewhere herein or in the Term Loan/Notes Documents, each Grantor shall be entitled to exercise or refrain from exercising any and all voting and other consensual rights
pertaining to the Investment Related Property or any part thereof; and 
 (ii) Upon the occurrence and during the
continuation of an Event of Default and upon two (2) Business Days prior written notice from the Collateral Agent to such Grantor of the Collateral Agent’s intention to exercise such rights: 

(1) 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 to exercise such voting and other consensual rights; and 

(2) 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: (1) 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 (2) each Grantor acknowledges that the Collateral Agent may utilize the power of attorney set forth in Section 8.1.

 6.7 Intellectual Property. 

(a) it shall not do any act or omit to do any act whereby any of the Material Intellectual Property may lapse, or become abandoned or
cancelled, or dedicated to the public, in each case, except as shall be consistent with commercially reasonable business judgment and except as could not reasonably be expected to result in a Material Adverse Effect; 

(b) it shall not, with respect to any Trademarks constituting Material Intellectual Property, fail to maintain the level of the quality of
products sold and services rendered under any such Trademark at a level at least substantially consistent with the quality of such products and services as of the date hereof, and such Grantor shall adequately control the quality of goods and
services offered by any licensee of its Trademarks to maintain such standards, in each case except as could not reasonably be expected to have a Material Adverse Effect; and 

(c) it shall promptly notify the Collateral Agent and the Applicable Authorized Representative if it knows or becomes aware that any item of
Material Intellectual Property may become subject to any judicial or administrative adverse determination regarding such Grantor’s right to own, register or use or the validity or enforceability of such item of Intellectual Property (including
the institution of 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), in each case except as could not
reasonably be expected to have a Material Adverse Effect. 

  
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 6.8 Insurance. The Grantors, at their own expense, shall maintain or cause to be
maintained insurance covering physical loss or damage to the Collateral in accordance with the requirements set forth in Section 5.5 of the Term Loan Credit Agreement, Section 3.13 of the Indenture and the requirements of any other Term
Loan/Notes Documents. In the event that any Grantor at any time or times shall fail to obtain or maintain any of the policies of insurance required hereby or to pay any premium in whole or part relating thereto, the Collateral Agent may (but shall
not be obligated to), without waiving or releasing any obligation or liability of the Grantors hereunder or any Event of Default, in its sole discretion, obtain and maintain such policies of insurance and pay such premium and take any other actions
with respect thereto as the Collateral Agent reasonably deems advisable or as directed by the Applicable Authorized Representative (acting in its reasonable discretion). All sums disbursed by the Collateral Agent in connection with this paragraph,
including reasonable attorneys’ fees, court costs, expenses and other charges relating thereto, shall be payable, upon demand, by the Grantors to the Collateral Agent and shall be additional Term Loan/Notes Secured Obligations secured hereby.

 SECTION 7. FURTHER ASSURANCES; ADDITIONAL GRANTORS. 

7.1 Further Assurances. 

(a) Each Grantor agrees that from time to time, at the expense of such Grantor, that it shall promptly execute and deliver all further
instruments and documents, and take all further action, that may be necessary under applicable law, or that the Collateral Agent or the Applicable Authorized Representative may reasonably request, in order to create and/or maintain the validity,
perfection or priority of and protect any security interest granted or purported to be granted hereby or to enable the Collateral Agent to exercise and enforce its rights and remedies hereunder with respect to any Collateral. Without limiting the
generality of the foregoing, each Grantor shall: 
 (i) file such financing or continuation statements, or amendments
thereto, record security interests in Intellectual Property (other than any Intellectual Property in a foreign jurisdiction) and execute and deliver such other agreements, instruments, endorsements, powers of attorney or notices, as may be
necessary, or as the Collateral Agent or the Applicable Authorized Representative may reasonably request, in order to effect, reflect, perfect and preserve the security interests granted or purported to be granted hereby; 

(ii) take all actions necessary to ensure the recordation of appropriate evidence of the liens and security interest granted
hereunder in any U.S. Intellectual Property with the United States Patent and Trademark Office, the United States Copyright Office, and the various Secretaries of State, if applicable; 

(iii) at any time following the occurrence and during the continuance of an Event of Default, upon request by the
Collateral Agent or the Applicable Authorized Representative, assemble the Collateral and allow inspection of the Collateral by the Collateral Agent and the Applicable Authorized Representative, or persons designated by the Collateral Agent or the
Applicable Authorized Representative; provided that no Grantor shall be required to permit the inspection of any document, information or other matter (x) in respect of which disclosure to the Applicable Authorized Representative, the
Collateral Agent or any Term Loan/Notes Secured Party (or their respective representatives or contractors) is prohibited by law or any bona fide binding agreement or (y) is subject to attorney-client or similar privilege or constitutes attorney
 

  
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work product; provided that each Grantor will make available redacted versions of requested documents or, if unable to do so consistent with the preservation of such privilege, endeavor in good
faith otherwise to disclose information responsive to the requests of Collateral Agent or the Applicable Authorized Representative in a manner that will protect such privilege; 

(iv) at the Collateral Agent’s or the Applicable Authorized Representative’s request, appear in and defend any action
or proceeding that may affect such Grantor’s title to or the Collateral Agent’s security interest in all or any part of the Collateral; and 

(v) furnish the Collateral Agent and the Applicable Authorized Representative with such information regarding the Collateral,
including, without limitation, the location thereof, as the Collateral Agent or the Applicable Authorized Representative may reasonably request from time to time. 

(b) Without limiting the effect of Section 7.1(a)(i), each Grantor hereby authorizes the Collateral Agent to file a Record or Records,
including, without limitation, financing or continuation statements, Intellectual Property Security Agreements and amendments and supplements to any of the foregoing, in any jurisdictions and with any filing offices as the Collateral Agent or the
Applicable Authorized Representative may determine, in its sole discretion, are necessary or advisable to perfect or otherwise protect the security interest granted to the Collateral Agent herein; provided that the Grantors shall not have any
obligation to perfect any security interest or lien, or record any notice thereof, in any Intellectual Property in any jurisdiction other than the U.S. Such financing statements may describe the Collateral in the same manner as described herein or
may contain an indication or description of collateral that describes such property in any other manner as the Collateral Agent or the Applicable Authorized Representative may determine, in its sole discretion, is necessary, advisable or prudent to
ensure the perfection of the security interest in the Collateral granted to the Collateral Agent herein, including, without limitation, describing such property as “all assets, whether now owned or hereafter acquired, developed or created”
or words of similar effect. 
 7.2 Additional Grantors. From time to time subsequent to the date hereof, and to the extent required or
permitted pursuant to the terms of the Term Loan Credit Agreement, the Indenture and any Future Term Loan/Notes Agreement, additional Persons may become parties hereto as additional Grantors (each, an “Additional Grantor”), by
executing a Pledge Supplement. Upon delivery of any such Pledge Supplement to the Collateral Agent, notice of which is hereby waived by Grantors, each Additional Grantor shall be a Grantor and shall be as fully a party hereto as if Additional
Grantor were an original signatory hereto. Each Grantor expressly agrees that its obligations arising hereunder shall not be affected or diminished by the addition or release of any other Grantor hereunder, nor by any election of Collateral Agent
not to cause any Subsidiary of Borrower to become an Additional Grantor hereunder. This Agreement shall be fully effective as to any Grantor that is or becomes a party hereto regardless of whether any other Person becomes or fails to become or
ceases to be a Grantor hereunder. 
 SECTION 8. COLLATERAL AGENT APPOINTED ATTORNEY-IN-FACT. 

8.1 Power of Attorney. Each Grantor hereby irrevocably appoints the Collateral Agent (such appointment being coupled with an interest)
as such Grantor’s attorney-in-fact, with full authority in the place and stead of such Grantor and in the name of such Grantor, the Collateral Agent or otherwise, from time to time in the Collateral Agent’s discretion to take any action
and to execute any instrument that the Collateral Agent or the Applicable Authorized Representative may deem reasonably necessary to accomplish the purposes of this Agreement, including, without limitation, the following: 

(a) upon the occurrence and during the continuance of any Event of Default, to obtain and adjust insurance required to be maintained by such
Grantor or paid to the Collateral Agent pursuant to the Term Loan/Notes Documents; 

  
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 (b) upon the occurrence and during the continuance of any Event of Default, to ask for, demand,
collect, sue for, recover, compound, receive and give acquittance and receipts for moneys due and to become due under or in respect of any of the Collateral; 

(c) upon the occurrence and during the continuance of any Event of Default, to receive, endorse and collect any drafts or other instruments,
documents and chattel paper in connection with clause (b) above; 
 (d) upon the occurrence and during the continuance of any Event of
Default, to file any claims or take any action or institute any proceedings that the Collateral Agent may deem necessary or desirable for the collection of any of the Collateral or otherwise to enforce the rights of the Collateral Agent with respect
to any of the Collateral; 
 (e) to prepare and file any UCC financing statements against such Grantor as debtor; 

(f) to prepare, sign, and file for recordation in any intellectual property registry, appropriate evidence of the lien and security interest
granted herein in any Intellectual Property in the name of such Grantor as debtor; provided that the Grantors shall not have any obligation to perfect any security interest or lien, or record any notice thereof, in any Intellectual Property
in any jurisdiction other than the U.S.; 
 (g) upon the occurrence and during the continuance of any Event of Default, to take or cause to
be taken all actions necessary to perform or comply or cause performance or compliance with the terms of this Agreement, including, without limitation, access to pay or discharge past due taxes, assessments, charges, fees, Liens, security interests
or other encumbrances at any time levied or placed on the Collateral that are not Permitted Liens, and may pay for the maintenance and preservation of the Collateral to the extent any Grantor fails to do so as required by the Term Loan Credit
Agreement, the Indenture, any Future Term Loan/Notes Agreement or this Agreement, and each Grantor jointly and severally agrees to reimburse the Collateral Agent on demand for any payment reasonably made or any expense reasonably incurred by the
Collateral Agent pursuant to the foregoing authorization; provided that nothing in this paragraph (g) shall be interpreted as excusing any Grantor from the performance of, or imposing any obligation on the Collateral Agent or any Term
Loan/Notes Secured Party to cure or perform, any covenants or other promises of any Grantor with respect to taxes, assessments, charges, fees, Liens, security interests or other encumbrances and maintenance as set forth herein, or in the other Term
Loan/Notes Documents. The Collateral Agent will give notice to Borrower of any exercise of the Collateral Agent’s rights or powers pursuant to this paragraph (g); provided that any failure to give or delay in giving such notice shall not
operate as a waiver of, or preclude any other or further exercise of, such rights or powers or the exercise of any other right or power pursuant to this Agreement; and 

(h) upon the occurrence and during the continuance of any Event of Default, generally to sell, transfer, lease, license, pledge, make any
agreement with respect to or otherwise deal, subject, in each case, to the terms of any applicable agreements, with any of the Collateral as fully and completely as though the Collateral Agent were the absolute owner thereof for all purposes, and to
do, at the Collateral Agent’s option and such Grantor’s expense, at any time or from time to time, all acts and things that the Collateral Agent deems reasonably necessary to protect, preserve or realize upon the Collateral and the
Collateral Agent’s security interest therein in order to effect the intent of this Agreement, all as fully and effectively as such Grantor might do. 

  
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 8.2 No Duty on the Part of Collateral Agent or Secured Parties. The powers conferred on
the Collateral Agent hereunder are solely to protect the interests of the Term Loan/Notes Secured Parties in the Collateral and shall not impose any duty upon the Collateral Agent or any other Term Loan/Notes Secured Party to exercise any such
powers. The Collateral Agent and the other Term Loan/Notes Secured Parties shall be accountable only for amounts that they actually receive as a result of the exercise of such powers, and neither they nor any of their officers, directors, employees
or agents shall be responsible to any Grantor for any act or failure to act hereunder, except for their own gross negligence or willful misconduct. Each Grantor shall remain liable to observe and perform all the conditions and obligations to be
observed and performed by it under each contract, agreement or instrument relating to the Collateral, all in accordance with the terms and conditions thereof, to the same extent as if the security interests granted hereunder had not been granted to
the Collateral Agent in the Collateral. 
 8.3 Appointment Pursuant to the Pari Passu Intercreditor Agreement. The Collateral Agent
has been appointed as collateral agent pursuant to the Pari Passu Intercreditor Agreement. The rights, duties, privileges, immunities and indemnities of the Collateral Agent hereunder are subject to the provisions of the Pari Passu Intercreditor
Agreement. 
 8.4 Determinations by the Collateral Agent and Applicable Authorized Representative. Wherever in this Agreement the
Collateral Agent is to make any determination or take any discretionary action, the Collateral Agent shall do so in accordance with the terms of the Pari Passu Intercreditor Agreement. When, under the terms of the Pari Passu Intercreditor Agreement,
the Trustee is the Applicable Authorized Representative and under the terms of this Agreement, the Applicable Authorized Representative is to make any determination, take any discretionary action or direct the Collateral Agent, the Trustee shall
make such determinations, take such actions or give such instructions all in accordance with the terms of the Indenture. 
 SECTION 9. REMEDIES.

 9.1 Generally. 

(a) If any Event of Default shall have occurred and be continuing, the Collateral Agent may (but shall not be obligated to) exercise in respect
of the Collateral, in addition to all other rights and remedies provided for herein or otherwise available to it at law or in equity, all the rights and remedies of the Collateral Agent on default under the UCC (whether or not the UCC applies to the
affected Collateral) to collect, enforce or satisfy any Term Loan/Notes Secured Obligations then owing, whether by acceleration or otherwise, and also may pursue any of the following separately, successively or simultaneously: 

(i) require any Grantor to, and each Grantor hereby agrees that it shall at its expense and promptly upon request of the
Collateral Agent forthwith, assemble all or part of the Collateral as directed by the Collateral Agent and make it available to the Collateral Agent at a place to be designated by the Collateral Agent that is reasonably convenient to both parties;
provided that no Grantor shall be required to permit the inspection of any document or information (x) in respect of which disclosure to the Applicable Authorized Representative, the Collateral Agent or any Term Loan/Notes Secured Party (or
their respective representatives or contractors) is prohibited by law or any bona fide binding agreement or (y) is subject to attorney-client or similar privilege or constitutes attorney work product; provided that each Grantor will make
available redacted versions of requested documents or, if unable to do so consistent with the preservation of such privilege, endeavor in good faith otherwise to disclose information responsive to the requests of Collateral Agent in a manner that
will protect such privilege; 

  
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 (ii) enter onto the property where any Collateral is located and take possession
thereof with or without judicial process; 
 (iii) prior to the disposition of the Collateral, store, process, repair or
recondition the Collateral or otherwise prepare the Collateral for disposition in any manner to the extent the Collateral Agent reasonably deems appropriate; and 

(iv) without notice except as specified below or under the UCC, sell, assign, lease, license (on an exclusive or nonexclusive
basis) or otherwise dispose, subject, in each case, to the terms of any applicable agreements, of the Collateral or any part thereof in one or more parcels at public or private sale, at any of the Collateral Agent’s offices or elsewhere, for
cash, on credit or for future delivery, at such time or times and at such price or prices and upon such other terms as the Collateral Agent may deem commercially reasonable. 

(b) The Collateral Agent or any other Term Loan/Notes Secured Party may be the purchaser of any or all of the Collateral at any public or
private (to the extent the portion of the Collateral being privately sold is of a kind that is customarily sold on a recognized market or the subject of widely distributed standard price quotations) sale in accordance with the UCC and the Collateral
Agent, as collateral agent for and representative of the Term Loan/Notes Secured Parties, shall be entitled, for the purpose of bidding and making settlement or payment of the purchase price for all or any portion of the Collateral sold at any such
sale made in accordance with the UCC, to use and apply any of the Term Loan/Notes Secured Obligations as a credit on account of the purchase price for any Collateral payable by the Collateral Agent at such sale. For the avoidance of doubt, each of
the Grantors and each of the Term Loan/Notes Secured Parties, by their acceptance of the benefits of this Agreement, agree, to the fullest extent permitted by applicable law, that the Collateral Agent shall have the right to “credit bid”
any or all of the Term Loan/Notes Secured Obligations in connection with any sale or foreclosure proceeding in respect of the Collateral, including without limitation, sales occurring pursuant to Section 363 of the Bankruptcy Code or included
as part of any plan subject to confirmation under Section 1129(b)(2)(A)(iii) of the Bankruptcy Code. 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. Each Grantor agrees that it would not be commercially unreasonable for the Collateral Agent to dispose of the Collateral or
any portion thereof by using Internet sites that routinely provide for the auction of assets of the types included in the Collateral or that match buyers and sellers of assets. 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. If the proceeds of any sale or other disposition of the Collateral are insufficient to pay all the Term Loan/Notes Secured Obligations, Grantors shall be liable for the deficiency and the
reasonable fees of any attorneys employed by the Collateral Agent to collect such deficiency. Each Grantor further agrees that a breach of any of the covenants contained in this Section will cause irreparable injury to the Collateral Agent, that the
Collateral Agent has no adequate remedy at law in respect of such breach and, as a consequence, that each and every covenant contained in this Section shall be specifically enforceable against such Grantor, and such Grantor hereby waives and agrees

  
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not to assert any defenses against an action for specific performance of such covenants except for a defense that no default has occurred giving rise to the Term Loan/Notes Secured Obligations
becoming due and payable prior to their stated maturities. Nothing in this Section shall in any way limit the rights of the Collateral Agent hereunder. 

(c) 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. This procedure will not be considered to adversely affect the commercial reasonableness of any sale of the Collateral. 

(d) The Collateral Agent shall have no obligation to marshal any of the Collateral. 

9.2 Application of Proceeds. Subject to the ABL Intercreditor Agreement, all proceeds of Collateral shall be applied by the Collateral
Agent in the order of priority set forth in Section 2.01 of the Pari Passu Intercreditor Agreement. 
 9.3 Sales on Credit. If
Collateral Agent sells any of the Collateral upon credit, Grantor will be credited only with payments actually made by purchaser and received by Collateral Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay
for the Collateral, Collateral Agent may resell the Collateral and Grantor shall be credited with proceeds of the sale. 
 9.4 Investment
Related Property. Each Grantor recognizes that, by reason of certain prohibitions contained in the Securities Act and applicable state securities laws, the Collateral Agent may be compelled, with respect to any sale of all or any part of the
Investment Related Property conducted without prior registration or qualification of such Investment Related Property under the Securities Act and/or such state securities laws, to limit purchasers to those who will agree, among other things, to
acquire the Investment Related Property for their own account, for investment and not with a view to the distribution or resale thereof. Each Grantor acknowledges that any such private sale may be at prices and on terms less favorable than those
obtainable through a public sale without such restrictions (including a public offering made pursuant to a registration statement under the Securities Act) and, notwithstanding such circumstances, each Grantor agrees that any such private sale shall
be deemed to have been made in a commercially reasonable manner and that the Collateral Agent shall have no obligation to engage in public sales and no obligation to delay the sale of any Investment Related Property for the period of time necessary
to permit the issuer thereof to register it for a form of public sale requiring registration under the Securities Act or under applicable state securities laws, even if such issuer would, or should, agree to so register it. If the Collateral Agent
determines to exercise its right to sell any or all of the Investment Related Property, upon written request, each Grantor shall and shall cause each issuer of any Pledged Stock to be sold hereunder, each partnership and each limited liability
company from time to time to furnish to the Collateral Agent all such information as the Collateral Agent may request in order to determine the number and nature of interest, shares or other instruments included in the Investment Related Property
which may be sold by the Collateral Agent in exempt transactions under the Securities Act and the rules and regulations of the Securities and Exchange Commission thereunder, as the same are from time to time in effect. 

9.5 Grant of Intellectual Property License. For the purpose of enabling the Collateral Agent, during the continuance of an Event of
Default, to exercise rights and remedies under Section 9 hereof at such time as the Collateral Agent shall be lawfully entitled to exercise such rights and remedies, and for no other purpose, each Grantor hereby grants to the Collateral Agent,
to the extent assignable, a non-exclusive license (exercisable without payment of royalty or other compensation to such Grantor), subject, in the case of trademarks and service marks, to sufficient rights to quality control and inspection in favor
of such Grantor to avoid the risk of invalidation of such trademarks and service marks, to use, 

  
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license or sublicense, to the extent permitted under the licenses granting such Grantor rights therein, any intellectual property now owned or licensed or hereafter acquired, developed or
created by such Grantor, wherever the same may be located; provided that (i) such license shall be subject to the rights of any licensee under any exclusive license granted prior to such Event of Default, to the extent such license is a
Permitted Lien, and (ii) to the extent the foregoing license is a sublicense of such Grantor’s rights as licensee under any third party license, the license to the Collateral Agent shall be in accordance with any limitations in such third
party license. 
 9.6 Intellectual Property. 

(a) Anything contained herein to the contrary notwithstanding, in addition to the other rights and remedies provided herein, upon the
occurrence and during the continuation of an Event of Default: 
 (i) the Collateral Agent shall have the right (but not the
obligation) to bring suit or otherwise commence any action or proceeding in the name of any Grantor, the Collateral Agent or otherwise, in the Collateral Agent’s sole discretion, to enforce any Intellectual Property rights of such Grantor, in
which event such Grantor shall, at the request of the Collateral Agent, do any and all lawful acts and execute any and all documents required by the Collateral Agent in aid of such enforcement, and such Grantor shall promptly, upon demand, reimburse
and indemnify the Collateral Agent as provided in Section 12 hereof in connection with the exercise of its rights under this Section 9.6, and, to the extent that the Collateral Agent shall elect not to bring suit to enforce any
Intellectual Property rights as provided in this Section 9.6, each Grantor agrees, at the Collateral Agent’s request, to use all reasonable measures, whether by action, suit, proceeding or otherwise, to prevent the infringement,
misappropriation, dilution or other violation of any of such Grantor’s rights in the Intellectual Property by others and for that purpose agrees to diligently maintain any action, suit or proceeding against any Person so infringing,
misappropriating, diluting or otherwise violating as shall be necessary to prevent such infringement, misappropriation, dilution or other violation; 

(ii) upon written demand from the Collateral Agent, each Grantor shall grant, assign, convey or otherwise transfer to the
Collateral Agent or such Collateral Agent’s designee all of such Grantor’s right, title and interest in and to any Intellectual Property included in the Collateral and shall execute and deliver to the Collateral Agent such documents as are
necessary or appropriate to carry out the intent and purposes of this Agreement; 
 (iii) each Grantor agrees that such an
assignment and/or recording shall be applied to reduce the Term Loan/Notes Secured Obligations outstanding only to the extent that the Collateral Agent (or any other Term Loan/Notes Secured Party) receives cash proceeds in respect of the sale of, or
other realization upon, any such Intellectual Property; 
 (iv) within five (5) Business Days after written notice from
the Collateral Agent, each Grantor shall make available to the Collateral Agent, to the extent within such Grantor’s power and authority, such personnel in such Grantor’s employ on the date of such Event of Default as the Collateral Agent
may reasonably designate, by name, title or job responsibility, to permit such Grantor to continue, directly or indirectly, to produce, advertise and sell the products and services sold or delivered by such Grantor under or in connection with any
Trademarks or Trademark Licenses, such persons to be available to perform their prior functions on the Collateral Agent’s behalf and to be compensated by the Collateral Agent at such Grantor’s expense on a per diem, pro-rata basis
consistent with the salary and benefit structure applicable to each as of the date of such Event of Default; and 

  
 -25- 

 (v) the Collateral Agent shall have the right (but not the obligation) to notify,
or require each Grantor to notify, any obligors with respect to amounts due or to become due to such Grantor in respect of any Intellectual Property of such Grantor, of the existence of the security interest created herein, to direct such obligors
to make payment of all such amounts directly to the Collateral Agent, and, upon such notification and at the expense of such Grantor, to enforce collection of any such amounts and to adjust, settle or compromise the amount or payment thereof, in the
same manner and to the same extent as such Grantor might have done; 
 (1) all amounts and proceeds (including checks and
other instruments) received by Grantor in respect of amounts due to such Grantor in respect of the Collateral or any portion thereof shall be received in trust for the benefit of the Collateral Agent hereunder, shall be segregated from other funds
of such Grantor and shall be forthwith paid over or delivered to the Collateral Agent in the same form as so received (with any necessary endorsement) to be held as cash Collateral and applied as provided by Section 9.7 hereof; and 

(2) Grantor shall not adjust, settle or compromise the amount or payment of any such amount or release wholly or partly any
obligor with respect thereto or allow any credit or discount thereon. 
 (b) If (i) an Event of Default shall have occurred and, by
reason of cure, waiver, modification, amendment or otherwise, no longer be continuing, (ii) no other Event of Default shall have occurred and be continuing, (iii) an assignment or other transfer to the Collateral Agent of any rights, title
and interests in and to any Intellectual Property of such Grantor shall have been previously made and shall have become absolute and effective, and (iv) the Term Loan/Notes Secured Obligations shall not have become immediately due and payable,
upon the written request of any Grantor, the Collateral Agent shall promptly execute and deliver to such Grantor, at such Grantor’s sole cost and expense, such assignments or other transfer as may be necessary to reassign to such Grantor any
such rights, title and interests as may have been assigned to the Collateral Agent as aforesaid, subject to any disposition thereof that may have been made by the Collateral Agent; provided, after giving effect to such reassignment, the Collateral
Agent’s security interest granted pursuant hereto, as well as all other rights and remedies of the Collateral Agent granted hereunder, shall continue to be in full force and effect; and provided further, the rights, title and interests so
reassigned shall be free and clear of any other Liens granted by or on behalf of the Collateral Agent and the Term Loan/Notes Secured Parties. 

9.7 Deposit Accounts. Subject to the ABL Intercreditor Agreement and the Pari Passu Intercreditor Agreement, if any Event of Default
shall have occurred and be continuing, the Collateral Agent may give any notice of exclusive control or similar notice for any Control Account and apply the balance from any Control Account, or instruct the bank at which any Control Account is
maintained to pay the balance of any Control Account, to or for the benefit of the Collateral Agent to be applied in accordance with the terms of this Agreement and the Pari Passu Intercreditor Agreement. 

SECTION 10. COLLATERAL AGENT. 
 The
Collateral Agent has been appointed to act as Collateral Agent hereunder by the Term Loan/Notes Secured Parties or their Authorized Representatives pursuant to the Pari Passu Intercreditor Agreement. The Collateral Agent shall be obligated, and
shall have the right hereunder, to make demands, to give notices, to exercise or refrain from exercising any rights, and to take or refrain from taking any action (including, without limitation, the release or substitution of Collateral), solely in
accordance with this Agreement, the Pari Passu Intercreditor Agreement, the ABL Intercreditor Agreement and the other Term Loan/Notes Documents. In furtherance of the foregoing provisions of this 

  
 -26- 

 
Section, each Term Loan/Notes 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 Term Loan/Notes Secured Party that all rights and remedies hereunder may be exercised solely by the Collateral Agent for the benefit of Term Loan/Notes Secured Parties in accordance with the terms of this Section. The
provisions of the Pari Passu Intercreditor Agreement, the Term Loan Credit Agreement, the Indenture and each other Term Loan/Notes Document relating to the Collateral Agent including, without limitation, the provisions relating to resignation or
removal of the Collateral Agent and the rights, privileges and immunities of the Collateral Agent are incorporated herein by this reference and shall survive any termination of such agreements. 

SECTION 11. CONTINUING SECURITY INTEREST. 

This Agreement shall create a continuing security interest in the Collateral, shall remain in full force and effect until the payment in full
of all Term Loan/Notes Secured Obligations (other than unasserted indemnification, tax gross-up, expense reimbursement or yield protection obligations) and the cancellation or termination of the Commitments under the Term Loan Credit Agreement and
the commitments under any Future Term Loan/Notes Agreement, and shall be binding upon each Grantor, its successors and assigns, and inure, together with the rights and remedies of the Collateral Agent hereunder, to the benefit of the Collateral
Agent and its successors, transferees and assigns. Without limiting the generality of the foregoing, but subject to the terms of the applicable Term Loan/Notes Documents, any Term Loan/Notes Secured Party may assign or otherwise transfer any Loans
or Notes, as the case may be, held by it to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Term Loan/Notes Secured Party herein or otherwise. Upon the payment in full of
all Term Loan/Notes Secured Obligations (other than unasserted indemnification, tax gross-up, expense reimbursement or yield protection obligations) and the cancellation or termination of the Commitments and the commitments under any Future Term
Loan/Notes Agreement, the security interest granted hereby shall automatically terminate hereunder and of record and all rights to the Collateral shall revert to the Grantors. Upon any such termination the Collateral Agent shall, at the
Grantors’ expense, execute and deliver to the Grantors or otherwise authorize the filing of such documents as the Grantors shall reasonably request, including financing statement amendments and/or releases and/or reassignments of Intellectual
Property included in the Collateral in the form appropriate for recording in the U.S. Patent and Trademark Office, U.S. Copyright Office, and other applicable Intellectual Property registry where the Collateral Agent’s security interest may
have been recorded, to evidence such termination. Upon any disposition of property (other than a disposition to another Grantor) or other release of such property from the Collateral, in each case, permitted by each Term Loan/Notes Document, the
Liens granted herein shall be deemed to be automatically released and such property shall automatically revert to the applicable Grantor with no further action on the part of any Person. In addition, the Liens granted herein on any Collateral shall
be released or subordinated as provided in Section 2.04 of the Pari Passu Intercreditor Agreement. The Collateral Agent shall, at the applicable Grantor’s expense, execute and deliver or otherwise authorize the filing of such documents as
such Grantor shall reasonably request, in form and substance reasonably satisfactory to the Collateral Agent, including financing statement amendments to evidence such release. 

SECTION 12. STANDARD OF CARE; COLLATERAL AGENT MAY PERFORM. 

The powers conferred on the Collateral Agent hereunder are solely to protect its interest in the Collateral and shall not impose any duty upon
it to exercise any such powers. Except for the exercise of reasonable care in the custody of any Collateral in its possession and the accounting for moneys actually received by it hereunder, the Collateral Agent shall have no duty as to any
Collateral or as to the taking of any necessary steps to preserve rights against prior parties or any other rights pertaining to any Collateral. The Collateral Agent shall be deemed to have exercised reasonable care in the custody and preservation

  
 -27- 

 
of Collateral in its possession if such Collateral is accorded treatment substantially equal to that which the Collateral Agent accords its own property. Neither the Collateral Agent nor any of
its directors, officers, employees or agents shall be liable for failure to demand, collect or realize upon all or any part of the Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise dispose of any
Collateral upon the request of any Grantor or otherwise. If any Grantor fails to perform any agreement contained herein, the Collateral Agent may itself perform, or cause performance of, such agreement, and the expenses of the Collateral Agent
incurred in connection therewith shall be payable by each Grantor under Section 10.2 of the Credit Agreement, Section 7.7 of the Indenture and the applicable section of each Future Term Loan/Notes Agreement. 

SECTION 13. MISCELLANEOUS. 
 Any notice
required or permitted to be given under this Agreement shall be given in accordance with Section 10.1 of the Term Loan Credit Agreement, Section 13.1 of the Indenture, the applicable section of each Future Term Loan/Notes Agreement and
Section 5.01 of the Pari Passu Intercreditor Agreement. None of the terms or provisions of this Agreement may be waived, amended, supplemented or otherwise modified except in accordance with Section 10.5 of the Term Loan Credit Agreement,
Article IX of the Indenture and the corresponding provisions of any Future Term Loan/Notes Agreement; provided, however, that (i) schedules to this Agreement may be supplemented or amended at any time by any Grantor through Pledge
Supplements (but no other existing provisions of this Agreement may be modified and no Collateral may be released (except as provided in Section 11 hereof), in each case solely through Pledge Supplements) and (ii) schedules to the
Collateral Questionnaire may be supplemented or amended at any time by any Grantor by written notice thereof to the Collateral Agent and the Applicable Authorized Representative. No failure or delay on the part of the Collateral Agent in the
exercise of any power, right or privilege hereunder or under any other Term Loan/Notes Document shall impair such power, right or privilege or be construed to be a waiver of any default or acquiescence therein, nor shall any single or partial
exercise of any such power, right or privilege preclude other or further exercise thereof or of any other power, right or privilege. All rights and remedies existing under this Agreement and the other Term Loan/Notes Documents are cumulative to, and
not exclusive of, any rights or remedies otherwise available. In case any provision in or obligation under this Agreement shall be invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining
provisions or obligations, or of such provision or obligation in any other jurisdiction, shall not in any way be affected or impaired thereby. All covenants hereunder shall be given independent effect so that if a particular action or condition is
not permitted by any of such covenants, the fact that it would be permitted by an exception to, or would otherwise be within the limitations of, another covenant shall not avoid the occurrence of a Default or an Event of Default if such action is
taken or condition exists. This Agreement shall be binding upon and inure to the benefit of the Collateral Agent and the Grantors and their respective successors and assigns. No Grantor shall, without the prior written consent of the Collateral
Agent given in accordance with the Term Loan/Notes Documents, assign any right, duty or obligation hereunder. This Agreement and the other Term Loan/Notes Documents embody the entire agreement and understanding between the Grantors and the
Collateral Agent and supersede all prior agreements and understandings between such parties relating to the subject matter hereof and thereof. Accordingly, the Term Loan/Notes Documents may not be contradicted by evidence of prior, contemporaneous
or subsequent oral agreements of the parties. There are no unwritten oral agreements between the parties. 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; signature pages may be detached from multiple separate counterparts and attached to a single counterpart so that
all signature pages are physically attached to the same document; delivery of an executed signature page to this Agreement by facsimile or other electronic transmission shall be as effective as delivery of a manually signed counterpart of this
Agreement. 

  
 -28- 

 THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER (INCLUDING, WITHOUT
LIMITATION, ANY CLAIMS SOUNDING IN CONTRACT LAW OR TORT LAW ARISING OUT OF THE SUBJECT MATTER HEREOF) SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS
PRINCIPLES THEREOF THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK (OTHER THAN ANY MANDATORY PROVISIONS OF THE UCC RELATING TO THE LAW GOVERNING PERFECTION AND THE EFFECT OF PERFECTION OF THE SECURITY
INTEREST). 
 THE PROVISIONS OF THE PARI PASSU INTERCREDITOR AGREEMENT UNDER THE HEADINGS “GOVERNING LAW; JURISDICTION; CONSENT
TO SERVICE OF PROCESS,” “SUBMISSION TO JURISDICTION WAIVERS” AND “WAIVER OF JURY TRIAL” ARE INCORPORATED HEREIN BY THIS REFERENCE AND SUCH INCORPORATION SHALL SURVIVE ANY TERMINATION OF THE PARI PASSU INTERCREDITOR
AGREEMENT. 
 Notwithstanding anything herein to the contrary, the liens and security interests granted to the Collateral Agent pursuant
to this Agreement and the exercise of any right or remedy by the Collateral Agent hereunder, in each case, with respect to the ABL Priority Collateral are subject to the limitations and provisions of the ABL Intercreditor Agreement. In the event of
any inconsistency between the terms or conditions of this Agreement (other than Section 2) and the terms and conditions of the ABL Intercreditor Agreement, the terms and conditions of the ABL Intercreditor Agreement shall control.
Notwithstanding anything herein to the contrary, the liens and security interests granted to the Collateral Agent pursuant to this Agreement and the exercise of any right or remedy by the Collateral Agent hereunder are subject to the limitations and
provisions of the Pari Passu Intercreditor Agreement. In the event of any inconsistency between the terms or conditions of this Agreement (other than Section 2) and the terms and conditions of the Pari Passu Intercreditor Agreement, the terms
and conditions of the Pari Passu Intercreditor Agreement shall control. 
 [Remainder of page intentionally left blank] 

  
 -29- 

 IN WITNESS WHEREOF, each Grantor and the Collateral Agent have caused this Agreement to be
duly executed and delivered by their respective officers thereunto duly authorized as of the date first written above. 
  

			
	 J. C. PENNEY COMPANY, INC.,

as Grantor

		
	By:	 	  

		 	Name:
		 	Title:
	
	 J. C. PENNEY CORPORATION, INC.,

as Grantor

		
	By:	 	  

		 	Name:
		 	Title:
	
	 J. C. PENNEY PURCHASING CORPORATION,

as Grantor

		
	By:	 	  

		 	Name:
		 	Title:
		 	
	
	 JCP REAL ESTATE HOLDINGS, INC.,

as Grantor

		
	By:	 	  

		 	Name:
		 	Title:
		 	
	
	 J. C. PENNEY PROPERTIES, INC.,

as Grantor

		
	By:	 	  

		 	Name:
		 	Title:

 
			
	 WILMINGTON TRUST, NATIONAL ASSOCIATION,

as Collateral Agent

		
	By:	 	  

		 	Name:
		 	Title:

 SCHEDULE 5.2 

TO AMENDED AND RESTATED PLEDGE AND SECURITY AGREEMENT 

COLLATERAL IDENTIFICATION 
  

	I.	INTELLECTUAL PROPERTY 

  

	(A)	Copyrights 

  

							
	 Owner
	 	 Title
	 	 Copyright Serial No.

(“CSN”)
 Serial Publication
Year
	 	 Registration No.

 

	(B)	Copyrights Licenses 

 None. 
  

	(C)	Patents 

 None. 
  

	(D)	Patent Licenses 

 None. 
  

	(E)	Trademarks 

 U.S. and State Trademarks: 

 

									
	 Trademark
	 	 Jurisdiction
	 	 Application No.

Application Date
	 	 Registration No.

Registration Date
	 	 Owner Name

 

	(F)	Trademark Licenses 

  

							
	 Licensor
	 	 Licensee
	 	 Marks Licensed
	 	 Type of License

 

	(G)	Trade Secret Licenses 

  

	II.	COMMERCIAL TORT CLAIMS 

  

	III.	RESERVED 

 SCHEDULE 5.4 

TO AMENDED AND RESTATED PLEDGE AND SECURITY AGREEMENT 

FINANCING STATEMENTS 
  

			
	 Grantor
	 	 Filing Jurisdiction

 SCHEDULE 5.5 

TO AMENDED AND RESTATED PLEDGE AND SECURITY AGREEMENT 

Equipment Locations 
  

									
	 Store Number
	 	 Type/Use
	 	 Address
	 	 City
	 	 State

Inventory Locations 
  

									
	 Store Number
	 	 Street
	 	 City
	 	 State
	 	 Zip

 

 EXHIBIT A 

TO AMENDED AND RESTATED PLEDGE AND SECURITY AGREEMENT 

PLEDGE SUPPLEMENT 

This PLEDGE SUPPLEMENT, dated [            ],
20[    ], is delivered by [NAME OF GRANTOR] a [NAME OF STATE OF INCORPORATION] [Corporation] (the “Grantor”) pursuant to the Amended and Restated Pledge and Security Agreement, dated as of
June 23, 2016 (as it may be from time to time amended, restated, modified or supplemented, the “Security Agreement”), among J. C. PENNEY CORPORATION, INC., the other Grantors named therein, and WILMINGTON TRUST,
NATIONAL ASSOCIATION, as the Collateral Agent. Capitalized terms used herein not otherwise defined herein shall have the meanings ascribed thereto in the Security Agreement. 

Grantor hereby confirms the grant to the Collateral Agent set forth in the Security Agreement of, and does hereby grant to the Collateral
Agent, a security interest in all of Grantor’s right, title and interest in, to and under all Collateral to secure the Term Loan/Notes Secured Obligations, in each case whether now or hereafter existing or in which Grantor now has or hereafter
acquires an interest and wherever the same may be located. Grantor represents and warrants that the attached Annex A and Supplements to Schedules accurately and completely set forth all additional information required to be provided pursuant to the
Security Agreement and hereby agrees that such Annex A and Supplements to Schedules shall constitute part of the Schedules to the Security Agreement. 

THIS PLEDGE SUPPLEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER (INCLUDING, WITHOUT LIMITATION, ANY CLAIMS SOUNDING IN
CONTRACT LAW OR TORT LAW ARISING OUT OF THE SUBJECT MATTER HEREOF) SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THEREOF THAT WOULD
RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK (OTHER THAN ANY MANDATORY PROVISIONS OF THE UCC RELATING TO THE LAW GOVERNING PERFECTION AND THE EFFECT OF PERFECTION OF THE SECURITY INTEREST). 

IN WITNESS WHEREOF, Grantor has caused this Pledge Supplement to be duly executed and delivered by its duly authorized officer as of
[            ], 20[    ]. 
  

			
	[NAME OF GRANTOR],
		
	By:	 	  

		 	Name:
		 	Title:

  
 EXHIBIT A-1 

 ANNEX A 

TO PLEDGE SUPPLEMENT 
 Additional Information: 

GENERAL INFORMATION 
  

	(A)	Full Legal Name, Type of Organization, Jurisdiction of Organization, Chief Executive Office/Sole Place of Business (or Residence if Grantor is a Natural Person) and Organizational Identification Number of each Grantor:

  

									
	 Full Legal Name
	 	 Type of
Organization
	 	 Jurisdiction of
Organization
	 	 Chief Executive

Office/Sole Place
of Business (or
Residence if Grantor
is a Natural Person)
	 	 Organization I.D.#

 

	(B)	Other Names (including any Trade Name or Fictitious Business Name) under which each Grantor currently conducts business: 

  

			
	 Full Legal Name
	 	 Trade Name or Fictitious Business Name

 

	(C)	Changes in Name, Jurisdiction of Organization, Chief Executive Office or Sole Place of Business (or Principal Residence if Grantor is a Natural Person) and Corporate Structure within past five (5) years:

  

					
	 Grantor
	 	 Date of Change
	 	 Description of Change

 

	(D)	Agreements pursuant to which any Grantor is bound as debtor within past five (5) years: 

  

			
	 Grantor
	 	 Description of Agreement

 

  
 EXHIBIT A-2 

 SUPPLEMENT TO SCHEDULE 5.2 

TO AMENDED AND RESTATED PLEDGE AND SECURITY AGREEMENT 

COLLATERAL IDENTIFICATION 
  

	I.	INTELLECTUAL PROPERTY 

  

	(A)	Copyrights 

  

									
	 Grantor
	 	 Jurisdiction
	 	 Title of Work
	 	 Registration Number (if any)
	 	 Registration Date
(if any)

 

	(B)	Copyrights Licenses 

  

							
	 Grantor
	 	 Description of
Copyright License
	 	 Registration Number (if any)
of underlying Copyright
	 	 Name of Licensor

 

	(C)	Patents 

  

									
	 Grantor
	 	 Jurisdiction
	 	 Title of Patent
	 	 Patent Number
(Application Number)
	 	 Issue Date
(Filing Date)

 

	(D)	Patent Licenses 

  

							
	 Grantor
	 	 Description of
Patent License
	 	 Patent Number
of underlying Patent
	 	 Name of Licensor

 

	(E)	Trademarks 

  

									
	 Grantor
	 	 Jurisdiction
	 	 Trademark
	 	 Registration Number

(Serial Number)
	 	 Registration Date
(Filing Date)

 

  
 EXHIBIT A-3 

	(F)	Trademark Licenses 

  

							
	 Grantor
	 	 Description of
Trademark License
	 	 Registration Number
of underlying Trademark
	 	 Name of Licensor

 

	(G)	Trade Secret Licenses 

 II. COMMERCIAL TORT CLAIMS 

 

			
	 Grantor
	 	 Commercial Tort Claims

III. WAREHOUSEMEN, BAILEES AND OTHER THIRD PARTIES IN POSSESSION OF COLLATERAL 

 

					
	 Grantor
	 	 Description of Property
	 	 Name and Address of Third Party

 
  

  
 EXHIBIT A-4 

 SUPPLEMENT TO SCHEDULE 5.4 

TO AMENDED AND RESTATED PLEDGE AND SECURITY AGREEMENT 

Financing Statements: 
  

			
	 Grantor
	 	 Filing Jurisdiction(s)

 

  
 EXHIBIT A-5 

 SUPPLEMENT TO SCHEDULE 5.5 

TO AMENDED AND RESTATED PLEDGE AND SECURITY AGREEMENT 

Additional Information: 
  

			
	 Name of Grantor
	 	 Location of Equipment and Inventory

 

  
 EXHIBIT A-6 

 EXHIBIT B 

TO AMENDED AND RESTATED PLEDGE AND SECURITY AGREEMENT 

FORM OF AMENDED AND RESTATED TRADEMARK SECURITY AGREEMENT 

This AMENDED AND RESTATED TRADEMARK SECURITY AGREEMENT, dated as of
[            ], 20[            ] (as it may be amended, restated, supplemented or otherwise modified from time to time, this
“Agreement”), is made by the entities identified as grantors on the signature pages hereto (collectively, the “Grantors”) in favor of Wilmington Trust, National Association, as collateral agent for the Term
Loan/Notes Secured Parties (in such capacity, together with its successors and permitted assigns, the “Collateral Agent”). 

WHEREAS, the Grantors are party to an Amended and Restated Pledge and Security Agreement dated as of June 23, 2016 (as it may be
amended, restated, supplemented or otherwise modified from time to time, the “Pledge and Security Agreement”) between each of the Grantors and the other grantors party thereto and the Collateral Agent pursuant to which the Grantors
granted a security interest to the Collateral Agent in the Trademark Collateral (as defined below) and are required to execute and deliver this Agreement. 

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 

Unless otherwise defined herein, terms defined in the Pledge and Security Agreement and used herein have the meaning given to them in the
Pledge and Security Agreement. 
 SECTION 2. Grant of Security Interest in Trademark Collateral 

SECTION 2.1 Grant of Security Interest. Each Grantor hereby grants to the Collateral Agent, for the benefit of the Term Loan/Notes
Secured Parties, a security interest in and continuing lien on all of such Grantor’s right, title and interest in, to and under the following, in each case whether now or hereafter existing or in which such Grantor now has or hereafter acquires
an interest and wherever the same may be located (collectively, the “Trademark Collateral”): 
 (a)
all United States, and foreign trademarks, trade names, trade dress, Internet domain names, service marks, certification marks, logos, and other source identifiers, whether or not registered; 

(b) all registrations and applications therefor including, without limitation, the registrations and applications listed on
Schedule A attached hereto; 
 (c) all extensions or renewals of any of the foregoing; 

(d) all of the goodwill of the business connected with the use of and symbolized by any of the foregoing; 

(e) the right to sue or otherwise recover for any past, present and future infringement, dilution or other violation of any of
the foregoing; 

  
 EXHIBIT B-1 

 (f) 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 

(g) all other rights corresponding thereto throughout the world. 

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 Excluded Asset, including, without limitation, any “intent-to-use” application for registration of a trademark or service mark filed pursuant to
Section 1(b) of the Lanham Act, 15 U.S.C. § 1051, prior to the filing 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 would impair the validity or enforceability of any registration that issues from such
intent-to-use application under applicable federal law. 
 SECTION 3. Security Agreement 

The security interest granted pursuant to this Agreement is granted in conjunction with the security interest granted to the Collateral Agent
for the Term Loan/Notes Secured Parties pursuant to the Pledge and Security Agreement, and the Grantors hereby acknowledge and affirm 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 Pledge and Security 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 Pledge and Security Agreement, the provisions of the Pledge and Security Agreement shall control. 
 SECTION 4.
Termination 
 Upon the payment in full of all Term Loan/Notes Secured Obligations (other than unasserted indemnification, tax gross-up,
expense reimbursement or yield protection obligations) and the cancellation or termination of the Commitments and commitments under any Future Term Loan/Notes Agreement, the security interest granted hereby shall automatically terminate hereunder
and of record and all rights to the Trademark Collateral shall revert to the Grantors. Upon any such termination the Collateral Agent shall, at the Grantors’ expense, execute and deliver to the Grantors or otherwise authorize the filing of such
documents as the Grantors shall reasonably request, including financing statement amendments and/or releases and/or reassignments of the Trademark Collateral in the form appropriate for recording in the U.S. Patent and Trademark Office or other
applicable Intellectual Property registry where the Collateral Agent’s security interest may have been recorded, to evidence such termination. 

SECTION 5. Governing Law 
 THIS AGREEMENT
AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER (INCLUDING, WITHOUT LIMITATION, ANY CLAIMS SOUNDING IN CONTRACT LAW OR TORT LAW ARISING OUT OF THE SUBJECT MATTER HEREOF) SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THEREOF THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK (OTHER THAN ANY MANDATORY PROVISIONS OF THE UCC RELATING TO THE
LAW GOVERNING PERFECTION AND THE EFFECT OF PERFECTION OF THE SECURITY INTEREST). 

  
 EXHIBIT B-2 

 SECTION 6. Intercreditor Agreement 

Notwithstanding anything herein to the contrary, the liens and security interests granted to the Collateral Agent pursuant to this Agreement in
respect of the Trademark Collateral and the exercise of any right or remedy by the Collateral Agent hereunder in respect of the Trademark Collateral, in each case, with respect to such Trademark Collateral are subject to the limitations and
provisions of the ABL Intercreditor Agreement. In the event of any inconsistency between the terms or conditions of this Agreement (other than Section 2) and the terms and conditions of the ABL Intercreditor Agreement, the terms and conditions
of the ABL Intercreditor Agreement shall control. In addition, notwithstanding anything herein to the contrary, the liens and security interests granted to the Collateral Agent pursuant to this Agreement in respect of the Trademark Collateral and
the exercise of any right or remedy by the Collateral Agent hereunder in respect of the Trademark Collateral, in each case, with respect to such Trademark Collateral are subject to the limitations and provisions of the Pari Passu Intercreditor
Agreement. In the event of any inconsistency between the terms or conditions of this Agreement (other than Section 2) and the terms and conditions of the Pari Passu Intercreditor Agreement, the terms and conditions of the Pari Passu
Intercreditor Agreement shall control. 
 SECTION 7. 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. Delivery of an executed signature page to this Agreement by facsimile or other electronic transmission shall be
as effective as delivery of a manually signed counterpart of this Agreement. 
 SECTION 8. Concerning the Collateral Agent 

Wilmington Trust, National Association is entering into this Agreement solely in its capacity as Collateral Agent pursuant to the Pari Passu
Intercreditor Agreement, and shall be entitled to all of the rights, privileges and immunities provided to the Collateral Agent thereunder in acting as Collateral Agent pursuant hereto. 

[Remainder of page intentionally left blank ] 

  
 EXHIBIT B-3 

 IN WITNESS WHEREOF, each 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],
		
	By:	 	  

		 	Name:
		 	Title:

  

					
	STATE OF                                 )	  		  	
	                                      
              )   ss.	  		  	
	COUNTY OF                             )	  		  	

 On this             day of
                ,         before me personally appeared
                , proved to me on the basis of satisfactory evidence to be the person who executed the foregoing instrument on behalf of
                , who being by me duly sworn did depose and say that he/she is an authorized officer of said corporation, that the said instrument was signed on behalf
of said corporation as authorized by its Board of Directors and that he/she acknowledged said instrument to be the free act and deed of said corporation. 
  

			
	Notary Public
	
	[NAME OF GRANTOR],
		
	By:	 	  

		 	Name:
		 	Title:

  

					
	STATE OF                                 )	  		  	
	                                      
              )   ss.	  		  	
	COUNTY OF                             )	  		  	

 On this             day of
                ,         before me personally
appeared                 , proved to me on the basis of satisfactory evidence to be the person who executed the foregoing instrument on behalf
of                 , who being by me duly sworn did depose and say that he/she is an authorized officer of said corporation, that the said instrument was signed on
behalf of said corporation as authorized by its Board of Directors and that he/she acknowledged said instrument to be the free act and deed of said corporation. 

[ADD SIGNATURE BLOCKS AND NOTARY BLOCKS FOR ANY OTHER GRANTORS] 

  
 EXHIBIT B-4 

			
	Accepted and Agreed:	  	
		
	 WILMINGTON TRUST, NATIONAL ASSOCIATION,

as Collateral Agent
	  	

					
			
	By:	 	  
	  	
		 	Name:	  	
		 	Title:	  	

  
 EXHIBIT B-5 

 SCHEDULE A 

to 
 TRADEMARK SECURITY
AGREEMENT 
 TRADEMARK REGISTRATIONS AND APPLICATIONS 

 

									
	 Mark
	 	 Serial No.
	 	 Filing Date
	 	 Registration No.
	 	 Registration Date

 

  
 EXHIBIT B-6 

 EXHIBIT C 

TO AMENDED AND RESTATED PLEDGE AND SECURITY AGREEMENT 

FORM OF PATENT SECURITY AGREEMENT 

This PATENT SECURITY AGREEMENT, dated as of [            ],
20[    ] (as it may be amended, restated, supplemented or otherwise modified from time to time, this “Agreement”), is made by the entities identified as grantors on the signature pages hereto (collectively, the
“Grantors”) in favor of Wilmington Trust, National Association, as collateral agent for the Term Loan/Notes Secured Parties (in such capacity, together with its successors and permitted assigns, the “Collateral
Agent”). 
 WHEREAS, the Grantors are party to an Amended and Restated Pledge and Security Agreement dated as of
June 23, 2016 (as it may be amended, restated, supplemented or otherwise modified from time to time, the “Pledge and Security Agreement”) between each of the Grantors and the other grantors party thereto and the Collateral
Agent pursuant to which the Grantors granted a security interest to the Collateral Agent in the Patent Collateral (as defined below) and are required to execute and deliver this Agreement. 

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 

Unless otherwise defined herein, terms defined in the Pledge and Security Agreement and used herein have the meaning given to them in the
Pledge and Security Agreement. 
 SECTION 2. Grant of Security Interest in Patent Collateral 

SECTION 2.1. Grant of Security Interest. Each Grantor hereby grants to the Collateral Agent, for the benefit of the Term Loan/Notes
Secured Parties, a security interest in and continuing lien on all of such Grantor’s right, title and interest in, to and under the following, in each case whether now or hereafter existing or in which such Grantor now has or hereafter acquires
an interest and wherever the same may be located (collectively, the “Patent Collateral”): 
 (a) all
United States and foreign patents and certificates of invention, or industrial property designs, and applications for any of the foregoing, including, without limitation, each patent and patent application listed on Schedule A attached hereto; 

(b) all reissues, divisions, continuations, continuations-in-part and extensions thereof; 

(c) all patentable inventions described and claimed therein; 

(d) the right to sue or otherwise recover for any past, present and future infringement or other violation thereof; 

(e) 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 
 (f) all other rights corresponding
thereto throughout the world. 

  
 EXHIBIT C-1 

 SECTION 2.2 Certain Limited Exclusions. Notwithstanding anything to the contrary, in no
event shall the Patent Collateral include or the security interest granted under Section 2.1 hereof attach to any Excluded Assets. 
 SECTION
3. Security Agreement 
 The security interest granted pursuant to this Agreement is granted in conjunction with the security interest
granted to the Collateral Agent for the Term Loan/Notes Secured Parties pursuant to the Pledge and Security Agreement, and the Grantors hereby acknowledge and affirm 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 Pledge and Security 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 Pledge and Security Agreement, the provisions of the Pledge and Security Agreement shall control. 

SECTION 4. Termination 
 Upon the payment
in full of all Term Loan/Notes Secured Obligations (other than unasserted indemnification, tax gross-up, expense reimbursement or yield protection obligations) and the cancellation or termination of the Commitments and commitments under any Future
Term Loan/Notes Agreement, the security interest granted hereby shall automatically terminate hereunder and of record and all rights to the Patent Collateral shall revert to the Grantors. Upon any such termination the Collateral Agent shall, at the
Grantors’ expense, execute and deliver to the Grantors or otherwise authorize the filing of such documents as the Grantors shall reasonably request, including financing statement amendments and/or releases and/or reassignments of the Patent
Collateral in the form appropriate for recording in the U.S. Patent and Trademark Office or other applicable Intellectual Property registry where the Collateral Agent’s security interest may have been recorded, to evidence such termination.

 SECTION 5. Governing Law 
 THIS
AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER (INCLUDING, WITHOUT LIMITATION, ANY CLAIMS SOUNDING IN CONTRACT LAW OR TORT LAW ARISING OUT OF THE SUBJECT MATTER HEREOF) SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THEREOF THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK (OTHER THAN ANY MANDATORY PROVISIONS OF THE UCC
RELATING TO THE LAW GOVERNING PERFECTION AND THE EFFECT OF PERFECTION OF THE SECURITY INTEREST). 
 SECTION 6. Intercreditor Agreement 

Notwithstanding anything herein to the contrary, the liens and security interests granted to the Collateral Agent pursuant to this Agreement in
respect of the Patent Collateral and the exercise of any right or remedy by the Collateral Agent hereunder in respect of the Patent Collateral, in each case, with respect to such Patent Collateral are subject to the limitations and provisions of the
ABL Intercreditor Agreement. In the event of any inconsistency between the terms or conditions of this Agreement (other than Section 2) and the terms and conditions of the ABL Intercreditor Agreement, the terms and conditions of the ABL
Intercreditor Agreement shall control. In addition, notwithstanding anything 

  
 EXHIBIT C-2 

 
herein to the contrary, the liens and security interests granted to the Collateral Agent pursuant to this Agreement in respect of the Patent Collateral and the exercise of any right or remedy by
the Collateral Agent hereunder in respect of the Patent Collateral, in each case, with respect to such Patent Collateral are subject to the limitations and provisions of the Pari Passu Intercreditor Agreement. In the event of any inconsistency
between the terms or conditions of this Agreement (other than Section 2) and the terms and conditions of the Pari Passu Intercreditor Agreement, the terms and conditions of the Pari Passu Intercreditor Agreement shall control. 

SECTION 7. 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. Delivery of an executed signature page to this Agreement by facsimile or other electronic transmission shall be as effective as delivery of a manually signed counterpart of this Agreement. 

SECTION 8. Concerning the Collateral Agent 

Wilmington Trust, National Association is entering into this Agreement solely in its capacity as Collateral Agent pursuant to the Pari Passu
Intercreditor Agreement, and shall be entitled to all of the rights, privileges and immunities provided to the Collateral Agent thereunder in acting as Collateral Agent pursuant hereto. 

[Remainder of page intentionally left blank ] 

  
 EXHIBIT C-3 

 IN WITNESS WHEREOF, each 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],
		
	By:	 	 
		 	 Name:
 Title:

  

					
	STATE OF	  	)	  	
		  	)	  	ss.
	COUNTY OF	  	)	  	

 On this             day
of             ,             before me personally
appeared                     , proved to me on the basis of satisfactory evidence to be the person who executed the foregoing instrument on behalf
of                     , who being by me duly sworn did depose and say that he/she is an authorized officer of said corporation, that the said
instrument was signed on behalf of said corporation as authorized by its Board of Directors and that he/she acknowledged said instrument to be the free act and deed of said corporation. 

 

			
	Notary Public
	
	[NAME OF GRANTOR],
		
	By:	 	 
		 	 Name:
 Title:

  

					
	STATE OF	  	)	  	
		  	)	  	ss.
	COUNTY OF	  	)	  	

 On this             day
of             ,             before me personally
appeared                     , proved to me on the basis of satisfactory evidence to be the person who executed the foregoing instrument on behalf
of                     , who being by me duly sworn did depose and say that he/she is an authorized officer of said corporation, that the said
instrument was signed on behalf of said corporation as authorized by its Board of Directors and that he/she acknowledged said instrument to be the free act and deed of said corporation. 

[ADD SIGNATURE BLOCKS AND NOTARY BLOCKS FOR ANY OTHER GRANTORS] 

  
 EXHIBIT C-4 

			
	Accepted and Agreed:	  	
		
	 WILMINGTON TRUST, NATIONAL ASSOCIATION,

as Collateral Agent
	  	

					
			
	By:	 	  
	  	
		 	 Name:
 Title:
	  	

  
 EXHIBIT C-5 

 SCHEDULE A 

to 
 PATENT SECURITY
AGREEMENT 
 PATENTS AND PATENT APPLICATIONS 
  

									
	 Title
	  	 Application No.
	  	 Filing Date
	  	 Patent No.
	  	 Issue Date

 

  
 EXHIBIT C-6 

 EXHIBIT D 

TO PLEDGE AND SECURITY AGREEMENT 

FORM OF AMENDED AND RESTATED COPYRIGHT SECURITY AGREEMENT 

This AMENDED AND RESTATED COPYRIGHT SECURITY AGREEMENT, dated as of
[            ], 20[    ] (as it may be amended, restated, supplemented or otherwise modified from time to time, this “Agreement”), is made by the
entities identified as grantors on the signature pages hereto (collectively, the “Grantors”) in favor of Wilmington Trust, National Association, as collateral agent for the Term Loan/Notes Secured Parties (in such capacity, together
with its successors and permitted assigns, the “Collateral Agent”). 
 WHEREAS, the Grantors are party to an
Amended and Restated Pledge and Security Agreement dated as of June 23, 2016 (as it may be amended, restated, supplemented or otherwise modified from time to time, the “Pledge and Security Agreement”) between each of the
Grantors and the other grantors party thereto and the Collateral Agent pursuant to which the Grantors granted a security interest to the Collateral Agent in the Copyright Collateral (as defined below) and are required to execute and deliver this
Agreement. 
 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 

Unless otherwise defined herein, terms defined in the Pledge and Security Agreement and used herein have the meaning given to them in the
Pledge and Security Agreement. 
 SECTION 2. Grant of Security Interest in Copyright Collateral 

SECTION 2.1 Grant of Security Interest. Each Grantor hereby grants to the Collateral Agent, for the benefit of the Term Loan/Notes
Secured Parties, a security interest in and continuing lien on all of such Grantor’s right, title and interest in, to and under the following, in each case whether now or hereafter existing or in which such Grantor now has or hereafter acquires
an interest and wherever the same may be located (collectively, the “Copyright Collateral”): 
 (a)
all United States and foreign copyrights and all Mask Works (as defined under 17 U.S.C. 901 of the U.S. Copyright Act), whether registered or unregistered; 

(b) all registrations and applications therefor including, without limitation, the registrations and applications listed on
Schedule A attached hereto; 
 (c) all extensions and renewals thereof; 

(d) the right to sue or otherwise recover for any past, present and future infringement or other violation of any of the
foregoing; 
 (e) 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; 

  
 EXHIBIT D-1 

 (f) all other rights corresponding thereto throughout the world; and 

(g) all exclusive Copyright Licenses in respect of registered U.S. copyrights for which such Grantor is the licensee and which
are included in the Material Intellectual Property. 
 SECTION 2.2 Certain Limited Exclusions. Notwithstanding anything to the
contrary, in no event shall the Copyright Collateral include or the security interest granted under Section 2.1 hereof attach to any Excluded Asset. 

SECTION 3. Security Agreement 
 The
security interest granted pursuant to this Agreement is granted in conjunction with the security interest granted to the Collateral Agent for the Term Loan/Notes Secured Parties pursuant to the Pledge and Security Agreement, and the Grantors hereby
acknowledge and affirm 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 Pledge and Security 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 Pledge and Security Agreement, the provisions of the Pledge and Security
Agreement shall control. 
 SECTION 4. Termination 

Upon the payment in full of all Term Loan/Notes Secured Obligations (other than unasserted indemnification, tax gross-up, expense reimbursement
or yield protection obligations) and the cancellation or termination of the Commitments and commitments under any Future Term Loan/Notes Agreement, the security interest granted hereby shall automatically terminate hereunder and of record and all
rights to the Copyright Collateral shall revert to the Grantors. Upon any such termination the Collateral Agent shall, at the Grantors’ expense, execute and deliver to the Grantors or otherwise authorize the filing of such documents as the
Grantors shall reasonably request, including financing statement amendments and/or releases and/or reassignments of Copyright Collateral in the form appropriate for recording in the U.S. Copyright Office or other applicable Intellectual Property
registry where the Collateral Agent’s security interest may have been recorded, to evidence such termination. 
 SECTION 5. Governing Law 

THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER (INCLUDING, WITHOUT LIMITATION, ANY CLAIMS SOUNDING IN CONTRACT LAW OR
TORT LAW ARISING OUT OF THE SUBJECT MATTER HEREOF) SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THEREOF THAT WOULD RESULT IN THE
APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK (OTHER THAN ANY MANDATORY PROVISIONS OF THE UCC RELATING TO THE LAW GOVERNING PERFECTION AND THE EFFECT OF PERFECTION OF THE SECURITY INTEREST). 

SECTION 6. Intercreditor Agreement 

Notwithstanding anything herein to the contrary, the liens and security interests granted to the Collateral Agent pursuant to this Agreement in
respect of the Copyright Collateral and the exercise of any right or remedy by the Collateral Agent hereunder in respect of the Copyright Collateral, in each case, with respect to such Copyright Collateral are subject to the limitations and
provisions of the ABL 

  
 EXHIBIT D-2 

 
Intercreditor Agreement. In the event of any inconsistency between the terms or conditions of this Agreement (other than Section 2) and the terms and conditions of the ABL Intercreditor
Agreement, the terms and conditions of the ABL Intercreditor Agreement shall control. In addition, notwithstanding anything herein to the contrary, the liens and security interests granted to the Collateral Agent pursuant to this Agreement in
respect of the Copyright Collateral and the exercise of any right or remedy by the Collateral Agent hereunder in respect of the Copyright Collateral, in each case, with respect to such Copyright Collateral are subject to the limitations and
provisions of the Pari Passu Intercreditor Agreement. In the event of any inconsistency between the terms or conditions of this Agreement (other than Section 2) and the terms and conditions of the Pari Passu Intercreditor Agreement, the terms
and conditions of the Pari Passu Intercreditor Agreement shall control. 
 SECTION 7. 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. Delivery of an executed signature page to this Agreement by facsimile or other electronic transmission shall be
as effective as delivery of a manually signed counterpart of this Agreement. 
 SECTION 8. Concerning the Collateral Agent 

Wilmington Trust, National Association is entering into this Agreement solely in its capacity as Collateral Agent pursuant to the Pari Passu
Intercreditor Agreement, and shall be entitled to all of the rights, privileges and immunities provided to the Collateral Agent thereunder in acting as Collateral Agent pursuant hereto. 

[Remainder of page intentionally left blank ] 

  
 EXHIBIT D-3 

 IN WITNESS WHEREOF, each 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],
		
	By:	 	  

		 	Name:
		 	Title:

  

					
	STATE OF                                 )	  		  	
	                                      
              )   ss.	  		  	
	COUNTY OF                             )	  		  	

 On this             day
of             ,             before me personally
appeared                     , proved to me on the basis of satisfactory evidence to be the person who executed the foregoing instrument on behalf
of                     , who being by me duly sworn did depose and say that he/she is an authorized officer of said corporation, that the said
instrument was signed on behalf of said corporation as authorized by its Board of Directors and that he/she acknowledged said instrument to be the free act and deed of said corporation. 

 

			
	Notary Public
	
	[NAME OF GRANTOR],
		
	By:	 	  

		 	Name:
		 	Title:

  

					
	STATE OF                                 )	  		  	
	                                      
              )   ss.	  		  	
	COUNTY OF                             )	  		  	

 On this             day
of             ,             before me personally
appeared                     , proved to me on the basis of satisfactory evidence to be the person who executed the foregoing instrument on behalf
of                     , who being by me duly sworn did depose and say that he/she is an authorized officer of said corporation, that the said
instrument was signed on behalf of said corporation as authorized by its Board of Directors and that he/she acknowledged said instrument to be the free act and deed of said corporation. 

[ADD SIGNATURE BLOCKS AND NOTARY BLOCKS FOR ANY OTHER GRANTORS] 

  
 EXHIBIT D-4 

			
	Accepted and Agreed:	  	
		
	 WILMINGTON TRUST, NATIONAL ASSOCIATION,

as Collateral Agent
	  	

					
			
	By:	 	  
	  	
		 	Name:	  	
		 	Title:	  	

  
 EXHIBIT D-5 

 SCHEDULE A 

to 
 COPYRIGHT SECURITY
AGREEMENT 
 COPYRIGHT REGISTRATIONS AND APPLICATIONS 

 

									
	 Title
	 	 Application No.
	 	 Filing Date
	 	 Registration No.
	 	 Registration Date

EXCLUSIVE COPYRIGHT LICENSES 
  

					
	 Description of Copyright License
	 	 Name of Licensor
	 	 Registration Number of
underlying
Copyright

  

  
 EXHIBIT D-6 

 EXHIBIT I TO 

AMENDED AND RESTATED CREDIT AND GUARANTY AGREEMENT 

MODIFIED DUTCH AUCTION PROCEDURES 

This Outline is intended to summarize certain basic terms of the modified Dutch auction procedures pursuant to and in accordance with the terms and
conditions of Sections 10.6(i) of that certain Amended and Restated Credit and Guaranty Agreement, dated as of June 23, 2016 (the “Credit Agreement”) by and among J. C. Penney
Corporation, Inc., a Delaware corporation (the “Borrower”), J. C. Penney Company, Inc., a Delaware corporation (“Holdings”),
certain subsidiaries of Borrower, as Guarantors (collectively with Borrower and Holdings, the “Credit Parties”), the Lenders party thereto from time to time, and JPMorgan Chase Bank, N.A.,
as Administrative Agent, and the other financial institutions party thereto, of which this Exhibit I is a part (the “Auction Procedures”). It is not intended to be a definitive statement of all of the terms and
conditions of a modified Dutch auction, the definitive terms and conditions for which shall be set forth in the applicable auction procedures set for each Auction (the “Offer Documents”). None of the Administrative
Agent, the Auction Manager and any other Agent, or any of their respective Affiliates, makes any recommendation pursuant to the Offer Documents as to whether or not any Lender should sell its Loans to Borrower (the
“Purchaser”) pursuant to the Offer Documents, nor shall the decision by the Administrative Agent, the Auction Manager or any other Agent (or any of their Affiliates) in its capacity as a Lender be deemed to constitute
such a recommendation. Each Lender should make its own decision on whether to sell any of its Loans and, if it decides to do so, the principal amount of and price to be sought for such Loans. In addition, each Lender should consult its own attorney,
business advisor or tax advisor as to legal, business, tax and related matters concerning this Auction and the Offer Documents. Capitalized terms not otherwise defined in this Exhibit have the meanings assigned to them in the Credit Agreement.

 Summary. The Purchaser may conduct one or more modified Dutch auctions in order to purchase Loans (each, an
“Auction”) pursuant to the procedures described herein. 
 Notice Procedures. In connection with each
Auction, the Purchaser will provide notification to the Auction Manager (for distribution to the Lenders) of the Loans substantially in the form of Annex A to this Exhibit I that will be the subject of the Auction (an “Auction
Notice”). Each Auction Notice shall contain (i) the maximum principal amount of Loans that the Purchaser is willing to purchase in the Auction (the “Auction Amount”); (ii) the range of discounts to par (the
“Discount Range”), expressed as a range of prices per $1,000 (in increments of $5), at which the Purchaser would be willing to purchase Loans in the Auction; and (iii) the date on which the Auction will conclude, on which date
Return Bids (as defined below) will be due by 1:00 p.m. New York time, as such date and time may be extended (such time, the “Expiration Time”) for a period not exceeding three Business Days upon notice by the Purchaser to the
Auction Manager received not less than 24 hours before the original Expiration Time; provided, however, that only one extension per offer shall be permitted. An Auction shall be regarded as a “Failed Auction” in the
event that either (x) Purchaser withdraws such Auction in accordance with the terms hereof or (y) the Expiration Time occurs with no Qualifying Bids having been received. In the event of a Failed Auction, Purchaser shall not be permitted
to deliver a new Auction Notice prior to the date occurring three (3) Business Days after such withdrawal or Expiration Time, as the case may be. 

  
 EXHIBIT I-1 

 Reply Procedures. In connection with any Auction, each Lender holding Loans wishing
to participate in such Auction shall, prior to the Expiration Time, provide the Auction Manager with a notice of participation substantially in the form of Annex B to this Exhibit I (the “Return Bid”) which shall specify (i) a
discount to par expressed as a price per $1,000 (in increments of $5) of Loans (the “Reply Price”) within the Discount Range and (ii) the principal amount of Loans, in an amount not less than $1,000,000 or an integral multiple
in excess thereof, that such Lender is willing to offer for sale at its Reply Price (the “Reply Amount”); provided, that Lender may submit a Reply Amount that is less than the minimum amount and/or incremental amount
requirements described above only if the Reply Amount comprises the entire amount of Loans held by such Lender. Lenders may only submit one Return Bid per Auction but each Return Bid may contain up to three component bids, each of which may result
in a separate Qualifying Bid (as defined below) and each of which will not be contingent on any other component bid submitted by such Lender resulting in a Qualifying Bid. In addition to the Return Bid, the participating Lender must execute
and deliver, to be held by the Auction Manager, a Borrower Assignment Agreement. The Purchaser will not purchase any Loans at a price that is outside of the applicable Discount Range, nor will any Return Bids (including any component bids specified
therein) submitted at a price that is outside such applicable Discount Range be considered in any calculation of the Applicable Threshold Price (as defined below). 

Acceptance Procedures. Based on the Reply Prices and Reply Amounts received by the Auction Manager, the Auction Manager, in
consultation with the Purchaser, will calculate the lowest purchase price (the “Applicable Threshold Price”) for the Auction within the Discount Range for the Auction that will allow the Purchaser to complete the Auction by
purchasing the full Auction Amount (or such lesser amount of Loans for which the Purchaser has received Qualifying Bids (as defined below)). The Purchaser shall purchase Loans from each Lender whose Return Bid is within the Discount Range and
contains a Reply Price that is equal to or less than the Applicable Threshold Price (each, a “Qualifying Bid”). All Loans included in Qualifying Bids (including multiple component Qualifying Bids contained in a single Return Bid)
received at a Reply Price lower than the Applicable Threshold Price will be purchased at the applicable Reply Price and shall not be subject to proration. 

Proration Procedures. All Loans offered in Return Bids (or, if applicable, any component bid thereof) constituting Qualifying
Bids at the Applicable Threshold Price will be purchased at the Applicable Threshold Price; provided that if the aggregate principal amount of all Loans for which Qualifying Bids have been submitted in any given Auction at the Applicable
Threshold Price would exceed the remaining portion of the Auction Amount (after deducting all Loans to be purchased below the Applicable Threshold Price), the Purchaser shall purchase the Loans for which the Qualifying Bids submitted were at the
Applicable Threshold Price ratably based on the respective principal amounts offered and in an aggregate amount equal to the amount necessary to complete the purchase of the Auction Amount. No Return Bids (or any component thereof) will be accepted
above the Applicable Threshold Price. 

  
 EXHIBIT I-2 

 Notification Procedures. Auction Manager will calculate the Applicable Threshold
Price and post the Applicable Threshold Price and proration factor onto an internet site (including an IntraLinks, SyndTrak or other electronic workspace) in accordance with the Auction Manager’s standard dissemination practices by
4:00 p.m. New York time on the same Business Day as the date the Return Bids were due. The Auction Manager will insert the principal amount of Loans to be assigned and the applicable settlement date into each applicable Borrower Assignment
Agreement received in connection with a Qualifying Bid. Upon request of the submitting Lender, the Auction Manager will promptly return any Borrower Assignment Agreement received in connection with a Return Bid that is not a Qualifying Bid (as
defined below). 
 Additional Procedures. Once initiated by an Auction Notice, the Purchaser may withdraw an Auction only in
the event that, as of such time, no Qualifying Bid has been received by the Auction Manager. Furthermore, in connection with any Auction, upon submission by a Lender of a Return Bid, such Lender will not have any withdrawal rights. Any Return Bid
(including any component bid thereof) delivered to the Auction Manager may not be modified, revoked, terminated or cancelled by a Lender. However, an Auction may become void if the conditions to the purchase of Loans by the Purchaser required by the
terms and conditions of Section 10.6(i)(i) of the Credit Agreement are not met. The purchase price for each purchase of Loans shall be paid by the Purchaser directly to the respective assigning Lender on a settlement date as determined by the
Auction Manager in consultation with the Purchaser (which shall be no later than ten (10) Business Days after the date Return Bids are due). The Purchaser shall execute each applicable Borrower Assignment Agreement received in connection with a
Qualifying Bid. 
 All questions as to the form of documents and validity and eligibility of Loans that are the subject of an Auction will
be determined by the Auction Manager, in consultation with the Purchaser, which determination will be final and binding. The Auction Manager’s interpretation of the terms and conditions of the Offer Document, in consultation with the Purchaser,
will be final and binding. 
 None of the Administrative Agent, the Auction Manager, any other Agent or any of their respective Affiliates
assumes any responsibility for the accuracy or completeness of the information concerning the Purchaser, the Credit Parties, or any of their Affiliates (whether contained in the Offer Documents or otherwise) or for any failure to disclose events
that may have occurred and may affect the significance or accuracy of such information. 
 This Exhibit I shall not require the Purchaser to
initiate any Auction. 

  
 EXHIBIT I-3 

 ANNEX A 

AUCTION NOTICE 
 [Borrower
Letterhead] 
 JPMorgan Chase Bank, N.A., as Auction Manager 

500 Stanton Christiana Road 
 Ops Building 2, 3rd Floor 
 Newark, DE 19713-2107 

Phone No.: (302) 634-1678 
 Email:
Deal.Management.Team@jpmchase.com 
 Re: Loan Auction  

Ladies and Gentlemen: 
 Reference is made to that certain Amended
and Restated Credit and Guaranty Agreement, dated as of June 23, 2016 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among J. C. PENNEY CORPORATION, INC., a
Delaware corporation (“Borrower”), J. C. PENNEY COMPANY, INC., a Delaware corporation, certain Subsidiaries of Borrower, as guarantors, the lenders party thereto from time to time (the “Lenders”), JPMORGAN
CHASE BANK, N.A. (“JPMorgan”), as Administrative Agent, and the other financial institutions party thereto. Capitalized terms used but not defined herein have the meanings given to such terms in the Credit Agreement. 

J. C. Penney Corporation, Inc. (the “Purchaser”) hereby gives notice to the Lenders that it desires to conduct the following Auction: 

 

	 	•	 	Auction Amount: $[            ] in principal amount of Loans1 

 

	 	•	 	Discount Range: Not less than $[            ] nor greater than $[            ] per
$1,000 principal amount of Loans. 

 The Purchaser acknowledges that this Auction Notice may not be withdrawn other than in accordance with
the Auction Procedures. The Auction shall be consummated in accordance with the Auction Procedures with all Return Bids due no later than [1:00] p.m. (New York time) on
[            ], 20[    ]. 
 The Purchaser hereby represents and
warrants that (i) it is not in possession of any information regarding Borrower or its Subsidiaries, or their assets, Borrower’s ability to perform its Obligations or any other matter that may be material to a decision by any Lender to
participate in any Auction or enter into any Borrower Assignment Agreement or any of the transactions contemplated thereby that has not previously been disclosed to the Auction Manager, Administrative Agent and the Non-Public Lenders, and
(ii) no Event of Default has occurred and is continuing or would result from such repurchase. 
  

			
	Very truly yours,
	
	 J. C. PENNEY CORPORATION, INC.

		
	 By:
	 	  

		 	 Name:

		 	 Title:

  

	1 	Modify, as appropriate, to: “$[            ] maximum cash value to be paid for all tendered Loans” 

  
 EXHIBIT I-A-1 

 ANNEX B 

RETURN BID 
 JPMorgan Chase Bank, N.A., as
Auction Manager 
 500 Stanton Christiana Road 
 Ops Building 2,
3rd Floor 
 Newark, DE 19713-2107 

Phone No.: (302) 634-1678 
 Email:
Deal.Management.Team@jpmchase.com 
 Ladies and Gentlemen: 

Reference is made to that certain Amended and Restated Credit and Guaranty Agreement, dated as of June 23, 2016 (as amended, restated, supplemented or
otherwise modified from time to time, the “Credit Agreement”), by and among J. C. PENNEY CORPORATION, INC., a Delaware corporation (“Borrower”), J. C. PENNEY COMPANY, INC., a Delaware corporation,
certain Subsidiaries of Borrower, as guarantors, the lenders party thereto from time to time (the “Lenders”), JPMORGAN CHASE BANK, N.A. (“JPMorgan”), as Administrative Agent, and the other financial
institutions party thereto. Capitalized terms used but not defined herein have the meanings given to such terms in the Credit Agreement. 
 The undersigned
Lender hereby gives notice of its participation in the Auction by submitting the following Return Bid1: 
  

					
	 Reply Price

(price per $1,000)
	  	Reply Amount
(principal amount of Loans)	 
	
                US$  
          
	  	US$	            	  
	
                US$  
          
	  	US$	            	  
	
                US$  
          
	  	US$	            	  

 The undersigned Lender acknowledges that the submission of this Return Bid along with an executed Borrower Assignment
Agreement, to be held in escrow by the Auction Manager, obligates the Lender to sell the entirety or its pro rata portion of the Reply Amount in accordance with the Auction Procedures, as applicable. 

 

			
	Very truly yours,
	
	[Name of Lender]
		
	By:	 	 
		 	 Name:

		 	 Title:

  

	1 	Lender may submit up to [three] component bids but need not submit more than one. The sum of Lender’s bid(s) may not exceed the aggregate principal face amount of Loans held by it as lender of record
on the date of submission of its Return Bid. 

  
 EXHIBIT I-B-1 

 ANNEX C 

BORROWER ASSIGNMENT AND ASSUMPTION AGREEMENT 

This Borrower Assignment and Assumption Agreement (this “Assignment”) is dated as of the Borrower Assignment Effective Date
set forth below and is entered into by and between [Insert name of Assignor] (the “Assignor”) and J. C. PENNEY CORPORATION, INC. (the “Assignee”). Capitalized terms used but not defined herein
shall have the meanings given to them in the Credit Agreement identified below (as it may be amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), receipt of a copy of which is hereby
acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto (the “Standard Terms and Conditions”) are hereby agreed to and incorporated herein by reference and made a part of this Assignment
as if set forth herein in full. 
 For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the
Assignee hereby irrevocably purchases and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Borrower Assignment Effective Date [in the case of an
Auction: inserted by the Auction Manager as contemplated in the Auction Procedures], (i) all of the Assignor’s rights and obligations in its capacity as a Lender under the Credit Agreement and any other documents or
instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of the Assignor’s outstanding rights and obligations thereunder, and (ii) to the extent permitted to be assigned
under applicable law, all claims, suits, causes of action and any other right of the Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents
or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all
other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned by the Assignor to the Assignee pursuant to clauses (i) and (ii) above
being referred to herein collectively as the “Assigned Interest”). Such sale and assignment is without recourse to the Assignor and, except as expressly provided in this Assignment and the Credit Agreement, without representation or
warranty by the Assignor. 
  

					
	 1.
	  	Assignor:	  	                                     
       
			
	 2.
	  	Assignee:	  	J. C. PENNEY CORPORATION, INC., a Delaware corporation
			
	 3.
	  	Borrower:	  	J. C. PENNEY CORPORATION, INC., a Delaware corporation
			
	 4.
	  	Administrative Agent:	  	JPMORGAN CHASE BANK, N.A., as the administrative agent under the Credit Agreement
			
	 5.
	  	Credit Agreement:	  	The Amended and Restated Credit and Guaranty Agreement dated as of June 23, 2016, among Borrower, J. C. PENNEY COMPANY, INC., a Delaware corporation, certain Subsidiaries of Borrower, as Guarantors, the Lenders party thereto from
time to time, JPMORGAN CHASE BANK, N.A. (“JPMorgan”), as Administrative Agent, and the other financial institutions party thereto

  
 EXHIBIT I-C-1 

	6.	Assignor’s Interest under the Credit Agreement: 

  

					
	
Aggregate Principal Face Amount of
Loans of Assignor
	  	Percentage of Loans
of Assignor1	 
	
                $  
                          
	  	 	                            	% 

  

	7.	Assigned Interest: 

 List below the Loans to be assigned by Assignor to Assignee
[in the case of an Auction: , which shall be subject to the terms and conditions of the Auction, including, without limitation, the pro rata reduction procedures set forth in the Auction Procedures]. 

[in the case of an Auction: 
  

													
	 Reply Price with respect to
Loans being offered for
assignment to
Assignee
(price per $1,000
 principal amount)2
	  	Reply Amount
(principal face amount
of Loans to be
Assigned to Assignee
at relevant Reply Price)
(subject to pro
rata
reduction)3	 	  	Pro Rated Principal
Face Amount of
Loans Assigned4	 	  	Percentage Assigned
of Loans5	 
	
$                  
  
	  	$	                    	  	  	$	                    	  	  	 	                    	% 
	
$                  
  
	  	$	                    	  	  	$	                    	  	  	 	                    	% 
	
$                  
  
	  	$	                    	  	  	$	                    	  	  	 	                    	% 

  

	1 	Set forth, to at least 9 decimals, as a percentage of the Loans of all Lenders thereunder. To be completed by Assignor. 

	2 	To be completed by Assignor. 

	3 	To be completed by Assignor. [In the case of an Auction: The sum of Lender’s Reply Amount(s) may not exceed the aggregate principal face amount of Loans held by it as lender of record on the
date of submission of its Return Bid.] 

	4 	[In the case of an Auction: To be completed by the Auction Manager, if necessary, based on the proration procedures set forth in the Auction Procedures.] 

	5 	[In the case of an Auction: To be completed by the Auction Manager to at least 9 decimals as a percentage of the Loans of all Lenders thereunder.] 

  
 EXHIBIT I-C-2 

 [in the case of an open market purchase: 

 

									
	 Aggregate Amount of

Commitment/Loans

for all Lenders
	  	Amount of Commitment /
Loans Assigned	 	  	Percentage Assigned of
Commitment/Loans6	 
	
$                  
  
	  	$	                    	  	  	 	                    	% 
	
$                  
  
	  	$	                    	  	  	 	                    	% 
	
$                  
  
	  	$	                    	  	  	 	                    	% 

  

	8.	Borrower Assignment Effective Date:                     , 20    [in the case of an
Auction: TO BE INSERTED BY AUCTION MANAGER AND WHICH SHALL BE THE BORROWER ASSIGNMENT EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] 

 

	6 	Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder. 

  
 EXHIBIT I-C-3 

	9.	Notice and Wire Instructions: 

  

					
	ASSIGNOR:	 		  	ASSIGNEE:
			
	[NAME OF ASSIGNOR]	 		  	J. C. PENNEY CORPORATION, INC.

  

									
	Notices:	 		 		 	Notices:
					
		 	  
	 		 		 	  

		 	  
	 		 		 	  

		 	  
	 		 		 	  

		 	 Attention:
	 		 		 	Attention:
		 	 Telecopier:
	 		 		 	 Telecopier:

  

									
	with a copy to:	 		 		 	with a copy to:
					
		 	  
	 		 		 	  

		 	  
	 		 		 	  

		 	  
	 		 		 	  

		 	 Attention:
	 		 		 	Attention:
		 	 Telecopier:
	 		 		 	 Telecopier:

									
					
	Wire Instructions:	 		 		 		 	

 [In the case of an assignment via Dutch Auction only: The Assignor acknowledges and
agrees that (i) submission of a Return Bid in respect of the Loans will constitute a binding agreement between the Assignor and the Assignee in accordance with the terms and conditions of the Auction Procedures and the Credit Agreement;
(ii) Loans will be deemed to have been accepted by the Assignee to the extent such Loans are validly offered by Assignor to Assignee in accordance with the terms and conditions of the Auction Procedures and the Credit Agreement upon
notification by the Auction Manager to the Assignor that such Loans are part of a Qualifying Bid (subject to applicable proration in accordance with the terms and conditions of the Auction); and (iii) it does not have any withdrawal rights with
respect to any offer to assign of its Loans. 
 Subject to and effective upon the acceptance by the Assignee for purchase of the principal
amount of the Loans to be assigned by the Assignor to the Assignee, the Assignor hereby irrevocably constitutes and appoints the Auction Manager as the true and lawful agent and attorney-in-fact of the Assignor with respect to such Loans, with full
powers of substitution and revocation (such power of attorney being deemed to be an irrevocable power coupled with an interest) to complete or fill-in the blanks in this Assignment and deliver the completed Assignment to the Assignee and the
Assignor. 
 The Assignor acknowledges and agrees that its offer to assign Loans pursuant to the Auction Procedures constitute the
Assignor’s acceptance of the terms and conditions (including the proration procedures) contained in the Auction Procedures, the Credit Agreement and this Assignment.] 

[Signature page follows] 

  
 EXHIBIT I-C-4 

 The terms set forth in this Assignment are hereby agreed to: 

 

			
	ASSIGNOR
	[NAME OF ASSIGNOR]
		
	 By:
	 	  

	Name:
	Title:
	
	ASSIGNEE
	J. C. PENNEY CORPORATION, INC.
		
	 By:
	 	  

	Name:
	Title:

  

			
	Accepted:
	
	 JPMORGAN CHASE BANK, N.A.,

as Administrative Agent and Auction Manager

		
	 By:
	 	  

		 	        Authorized Signatory

  
 EXHIBIT I-C-5 

 ANNEX 1 

STANDARD TERMS AND CONDITIONS FOR 

BORROWER ASSIGNMENT AND ACCEPTANCE 
  

	1.	Representations and Warranties. 

  

	 	1.1	Assignor. The Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of the Assigned Interest, (ii) the Assigned Interest is, and on the applicable Borrower Assignment
Effective Date will be, free and clear of any lien, encumbrance or other adverse claim; (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and to consummate the transactions
contemplated hereby; (iv) it has received a copy of the Credit Agreement and such other documents and information as it has deemed appropriate to make its own decision to enter into this Assignment and to sell and assign the Assigned Interest
on the basis of which it has made such decision; and (iv) it is not a Defaulting Lender, (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with any Credit
Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit Agreement or any other instrument or document delivered pursuant thereto, other than this Assignment (herein collectively the
“Credit Documents”), or any collateral thereunder, (iii) the financial condition of Borrower, any of its Subsidiaries or Affiliates or any other Person obligated in respect of any Credit Document or (iv) the performance or
observance by Borrower, any of its Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Credit Document, and (c) agrees that [in the case of an Auction: it has read and agrees to
all of the terms and conditions (including the pro ration procedures) of the Auction Procedures set forth in the Offer Documents] [in the case of an open market purchase, and if the bracketed language for Section 1.2(a)(viii) below
is not inserted: (i) the Assignee may have, and later may come into possession of, information regarding the Loans or the Credit Parties that is not known to the Assignor and that may be material to a decision by the Assignor to enter
into an assignment of the Assigned Interest (such information, the “Excluded Information”), (ii) the Assignor has independently and without reliance on the Assignee or any of its Subsidiaries or Affiliates made its own analysis
and determined to enter into an assignment of the Assigned Interest and to consummate the transactions contemplated by this Assignment notwithstanding the Assignor’s lack of knowledge of the Excluded Information, (iii) Holdings and its
Subsidiaries shall have no liability to the Assignor, and the Assignor hereby waives and releases, to the extent permitted by law, any claims the Assignor may have against Holdings and its Subsidiaries, under applicable laws or otherwise, with
respect to the nondisclosure of the Excluded Information, (iv) the Excluded Information may not be available to Administrative Agent or the other Lenders and (v) the Assignor agrees to the provisions set forth in this clause (c), and
agrees that such provisions shall control, notwithstanding any inconsistent provision in the Credit Agreement or in any Borrower Assignment Agreement]. The Assignor will, upon request, execute and deliver any additional documents deemed by
Administrative Agent or the Assignee to be necessary or desirable to complete the sale, assignment and transfer of the Assigned Interest. In the event that the Assignor has determined for itself to not access any information disclosed by Assignee in
connection with the Auction or this Assignment, the Assignor acknowledges that (i) other Lenders may have availed themselves of such information and (ii) none of Borrower, [the Auction Manager,] and Administrative Agent has any
responsibility for the Assignor’s decision to limit the scope of the information it has obtained in connection with its evaluation of the Auction or its decision to enter into this Assignment. 

  
 EXHIBIT I-C-6 

	 	1.2	Assignee. The Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and to consummate the transactions
contemplated hereby and to become a Lender under the Credit Agreement until such time as the Loans are automatically cancelled without further action by any Person on the Borrower Assignment Effective Date, (ii) it has transmitted same day
funds to the Assignor on the Borrower Assignment Effective Date, and (iii) [in the case of an Auction: it is not in possession of any information regarding Borrower or its Subsidiaries, or their assets, Borrower’s ability to
perform its Obligations or any other matter that may be material to a decision by any Lender (including the Assignor) to participate in any Auction, if applicable, or enter into this Assignment or any of the transactions contemplated hereby that has
not previously been disclosed to the Auction Manager, Administrative Agent and the Non-Public Lenders] [in the case of an open market purchase, and if the bracketed language for Section 1.1(c) above with respect to an open market
purchase is not inserted: it is not in possession of any information regarding the Assignee, its Subsidiaries or its Affiliates, or their assets, the Assignee’s ability to perform its Obligations or any other matter that may be material
to a decision by any Lender (including the Assignor) to enter into this Assignment or any of the transactions contemplated hereby that has not previously been disclosed to the Assignor]; and (b) agrees that the Assigned Interest shall, from and
after the Borrower Assignment Effective Date, and without further action by any Person, be deemed cancelled for all purposes and no longer outstanding and that the Assignee shall have no ability to vote or receive payments in respect of the Assigned
Interest. 

  

	 	1.3	No Violation of Laws. Each of the Assignor and Assignee acknowledges that it has not violated any applicable laws relating to this Assignment or the transactions contemplated herein. 

 

	2.	Payments. Payment to the Assignor by the Assignee in respect of the settlement of the assignment of the Assigned Interest shall be paid by Assignee directly to the Assignor and shall include all unpaid interest
that has accrued in respect of the Assigned Interest through the Borrower Assignment Effective Date. No interest shall accrue with respect to the Assigned Interest from and after the Borrower Assignment Effective Date and such Assigned Interest
shall, from and after the Borrower Assignment Effective Date, and without further action by any Person, be deemed cancelled for all purposes and no longer outstanding. 

 

	3.	No Event of Default. On the Borrower Assignment Effective Date, no Event of Default has occurred and is continuing or would result from this Assignment. 

 

	4.	General Provisions. This Assignment shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns. This Assignment is a Credit Document under and as defined in
the Credit Agreement. This Assignment may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a signature page of this Assignment by telecopy shall be effective as
delivery of a manually executed counterpart of this Assignment. This Assignment shall be governed by, and construed in accordance with, the internal laws of the State of New York without regard to conflict of laws principles thereof that would
require the application of laws other than those of the State of New York. 

  
 EXHIBIT I-C-7 

 EXHIBIT J TO 

AMENDED AND RESTATED CREDIT AND GUARANTY AGREEMENT 

PARI PASSU INTERCREDITOR AGREEMENT 

[Attached.] 

  
 EXHIBIT J-1 

 EXECUTION VERSION 

PARI PASSU INTERCREDITOR AGREEMENT 

dated as of 
 June 23, 2016

 among 
 WILMINGTON TRUST,
NATIONAL ASSOCIATION, 
 as Collateral Agent, 

JPMORGAN CHASE BANK, N.A., 
 as
Term Loan Authorized Representative for the Term Loan Secured Parties, 
 WILMINGTON TRUST, NATIONAL ASSOCIATION, 

as Notes Authorized Representative for the Notes Secured Parties 

and 
 each additional Authorized
Representative from time to time party hereto 
 Notwithstanding anything herein to the contrary, any liens and security interests granted to the
Collateral Agent pursuant to this Pari Passu Intercreditor Agreement and the exercise of any right or remedy by the Collateral Agent hereunder are subject to the limitations and provisions of the Intercreditor and Collateral Cooperation Agreement,
dated as of June 23, 2016 (as amended, restated, supplemented or otherwise modified from time to time, the “ABL Intercreditor Agreement”), among Wells Fargo Bank, National Association, as representative for the First Priority
Secured Parties (as defined therein), Wilmington Trust, National Association, as representative for the Term Loan/Notes Secured Parties, and certain other persons party or that may become party thereto from time to time, and consented to by
J. C. Penney Corporation and the grantors identified therein. In the event of any conflict between the terms of the ABL Intercreditor Agreement and the terms of this Pari Passu Intercreditor Agreement, the terms of the ABL Intercreditor
Agreement shall govern and control. This paragraph forms part of the Pari Passu Intercreditor Agreement. 
  

 PARI PASSU INTERCREDITOR AGREEMENT (as amended or supplemented from time to time,
this “Agreement”) dated as of June 23, 2016, among WILMINGTON TRUST, NATIONAL ASSOCIATION, as collateral agent for the Term Loan/Notes Secured Parties (as defined below) (in such capacity and together with its successors
in such capacity, the “Collateral Agent”), JPMORGAN CHASE BANK, N.A., as Authorized Representative for the Term Loan Secured Parties (in such capacity, the “Term Loan Authorized Representative”),
WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee under the Indenture, as Authorized Representative for the Notes Secured Parties (in such capacity, the “Notes Authorized Representative”), and each additional Authorized
Representative from time to time party hereto for the Future Term Loan/Notes Secured Parties of the Series with respect to which it is acting in such capacity. 

In consideration of the mutual agreements herein contained and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the Collateral Agent, the Term Loan Authorized Representative (for itself and on behalf of the Term Loan Secured Parties), the Notes Authorized Representative (for itself and on behalf of the Notes Secured Parties) and each
additional Authorized Representative (for itself and on behalf of the Future Term Loan/Notes Secured Parties of the applicable Series) agree as follows: 

ARTICLE I 
 Definitions

 SECTION 1.01 Construction; Certain Defined Terms. 

(a) The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may
require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and “including” shall be deemed to be followed by the phrase “without limitation”. The
word “will” shall be construed to have the same meaning and effect as the word “shall”. Unless the context requires otherwise, (i) any definition of or reference to any agreement, instrument, other document, statute or
regulation herein shall be construed as referring to such agreement, instrument, other document, statute or regulation as from time to time amended, supplemented or otherwise modified, (ii) any reference herein to any Person shall be construed
to include such Person’s successors and assigns, but shall not be deemed to include the subsidiaries of such Person unless express reference is made to such subsidiaries, (iii) the words “herein”, “hereof and
“hereunder”, and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (iv) all references herein to Articles, Sections and Annexes shall be construed to
refer to Articles, Sections and Annexes of this Agreement, (v) unless otherwise expressly qualified herein, the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all
tangible and intangible assets and properties, including cash, securities, accounts and contract rights and (vi) the term “or” is not exclusive. 

 (b) It is the intention of the Term Loan/Notes Secured Parties of each Series that the holders of
Term Loan/Notes Secured Obligations of such Series (and not the Term Loan/Notes Secured Parties of any other Series) bear the risk of (i) any determination by a court of competent jurisdiction that (x) any of the Term Loan/Notes Secured
Obligations of such Series are unenforceable under applicable law or are subordinated to any other obligations (other than another Series of Term Loan/Notes Secured Obligations), (y) any of the Term Loan/Notes Secured Obligations of such Series
do not have an enforceable security interest in any of the Collateral securing any other Series of Term Loan/Notes Secured Obligations and/or (z) any intervening security interest exists securing any other obligations (other than another Series
of Term Loan/Notes Secured Obligations) on a basis ranking prior to the security interest of such Series of Term Loan/Notes Secured Obligations but junior to the security interest of any other Series of Term Loan/Notes Secured Obligations or
(ii) the existence of any Collateral for any other Series of Term Loan/Notes Secured Obligations that is not Shared Collateral (any such condition referred to in the foregoing clauses (i) or (ii) with respect to any Series of Term
Loan/Notes Secured Obligations, an “Impairment” of such Series); provided, that the existence of a maximum claim with respect to real properties subject to a Mortgage which applies to all Series of Term
Loan/Notes Secured Obligations shall not be deemed to be an Impairment of any Series of Term Loan/Notes Secured Obligations. In the event of any Impairment with respect to any Series of Term Loan/Notes Secured Obligations, the results of such
Impairment shall be borne solely by the holders of such Series of Term Loan/Notes Secured Obligations, and the rights of the holders of such Series of Term Loan/Notes Secured Obligations (including, without limitation, the right to receive
distributions in respect of such Series of Term Loan/Notes Secured Obligations pursuant to Section 2.01) set forth herein shall be modified to the extent necessary so that the effects of such Impairment are borne solely by the holders of the
Series of such Term Loan/Notes Secured Obligations subject to such Impairment. Additionally, in the event the Term Loan/Notes Secured Obligations of any Series are modified pursuant to applicable law (including, without limitation, pursuant to
Section 1129 of the Bankruptcy Code), any reference to such Term Loan/Notes Secured Obligations or the Term Loan/Notes Documents governing such Term Loan/Notes Secured Obligations shall refer to such obligations or such documents as so
modified. 
 (c) As used in this Agreement, the following terms have the meanings specified below: 

“ABL Intercreditor Agreement” has the meaning set forth on the cover page of this Agreement.

 “Affiliate” has the meaning set forth in the Term Loan Agreement on the date hereof.

 “Agreement” shall have the meaning assigned to such term in the introductory paragraph of
this Agreement.  
 “Applicable Authorized Representative” means, with respect to any
Shared Collateral, (i) until the earlier of (x) the Discharge of Term Loan Obligations and (y) the Non-Applicable Authorized Representative Enforcement Date, the Term Loan Authorized Representative and (ii) from and after the
earlier of (x) the Discharge of Term Loan Obligations and (y) the Non-Applicable Authorized Representative Enforcement Date, the Major Non-Applicable Authorized Representative. 

  
 2 

 “Authorized Representative” means (i) in the case of
any Term Loan Obligations or the Term Loan Secured Parties, the Term Loan Authorized Representative, (ii) in the case of the Notes Obligations or the Notes Secured Parties, the Notes Authorized Representative and (iii) in the case of any
Series of Future Term Loan/Notes Secured Obligations or Future Term Loan/Notes Secured Parties that become subject to this Agreement after the date hereof, the Authorized Representative named for such Series in the applicable Joinder Agreement.
 
 “Bankruptcy Case” shall have the meaning assigned to such term in Section
2.05(b). 
 “Bankruptcy Code” shall mean Title 11 of the United States Code, as
amended. 
 “Bankruptcy Law” shall mean the Bankruptcy Code and any similar Federal,
state or foreign law for the relief of debtors. 
 “Collateral” means all assets
and properties subject to Liens created pursuant to any Term Loan/Notes Security Document to secure one or more Series of Term Loan/Notes Secured Obligations. 

“Collateral Agent” shall have the meaning assigned to such term in the introductory paragraph of this
Agreement. 
 “Company” means J. C. Penney Corporation, a Delaware corporation.
 
 “Controlling Secured Parties” means, with respect to any Shared Collateral, the
Series of Term Loan/Notes Secured Parties whose Authorized Representative is the Applicable Authorized Representative for such Shared Collateral. 

“DIP Financing” shall have the meaning assigned to such term in Section
2.05(b). 
 “DIP Financing Liens” shall have the meaning
assigned to such term in Section 2.05(b). 
 “DIP Lenders”
shall have the meaning assigned to such term in Section 2.05(b). 
 “Discharge” means,
with respect to any Shared Collateral and any Series of Term Loan/Notes Secured Obligations, the date on which such Series of Term Loan/Notes Secured Obligations is no longer secured by such Shared Collateral. The term
“Discharged” shall have a corresponding meaning.  
 “Discharge of Term Loan
Obligations” means, with respect to any Shared Collateral, the Discharge of the Term Loan Obligations with respect to such Shared Collateral; provided that the Discharge of Term Loan Obligations shall be deemed not to have
occurred in connection with a Refinancing of such Term Loan Obligations with additional Term Loan/Notes Secured Obligations secured by such Shared Collateral under a Future Term Loan/Notes Agreement which has been designated as the “Term Loan
Agreement” in the Joinder Agreement with respect thereto and which Joinder Agreement has been executed by the Term Loan Authorized Representative (under the Term Loan Agreement so Refinanced). 

 

  
 3 

 “Event of Default” shall mean an “Event of
Default” under and as defined in the Term Loan Agreement, the Indenture or any other Future Term Loan/Notes Agreement. 

“Future Term Loan/Notes Agreement” shall mean any indenture, credit agreement or other agreement
pursuant to which any Grantor will incur Future Term Loan/Notes Indebtedness. 
 “Future Term
Loan/Notes Indebtedness” means Indebtedness that has been designated as Future Term Loan/Notes Secured Obligations pursuant to Section 5.02(c). 

“Future Term Loan/Notes Secured Obligations” shall mean all advances to, and debts, liabilities,
obligations, covenants and duties of, any Grantor arising under any Future Term Loan/Notes Agreement (and any Term Loan/Notes Documents entered into in connection therewith) including, without limitation, whether direct or indirect (including those
acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including interest and fees that accrue after the commencement by or against any Grantor or any Affiliate thereof of any proceeding under
any bankruptcy or insolvency law naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding. 

“Future Term Loan/Notes Secured Party” means the holders of any Future Term Loan/Notes Secured
Obligations, the Collateral Agent and any Authorized Representative with respect thereto. 

“Grantors” means Holdings, the Company and each other subsidiary or direct or indirect parent company of
the Company which has granted a security interest pursuant to any Term Loan/Notes Security Document to secure any Series of Term Loan/Notes Secured Obligations.  

“Holdings” means J. C. Penney Company, Inc., a Delaware corporation.  

“Impairment” shall have the meaning assigned to such term in Section 1.01(b). 

“Indebtedness” shall have the meaning set forth in the Term Loan Agreement as in effect on the date
hereof. 
 “Indenture” means that certain Indenture dated as of June 23, 2016,
among the Company, the guarantors identified therein and the Notes Authorized Representative, as trustee. 

“Insolvency or Liquidation Proceeding” means: 

(1) any case commenced by or against the Company or any other Grantor under any Bankruptcy Law, any other proceeding for the reorganization,
recapitalization or adjustment or marshalling of the assets or liabilities of the Company or any other Grantor, any receivership or assignment for the benefit of creditors relating to the Company or any other Grantor or any similar case or
proceeding relative to the Company or any other Grantor or its creditors, as such, in each case whether or not voluntary; 
  

  
 4 

 (2) any liquidation, dissolution, marshalling of assets or liabilities or other winding up of or
relating to the Company 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 Company or any other Grantor are
determined and any payment or distribution is or may be made on account of such claims. 
 “Intellectual Property
Security Agreement” shall have the meaning assigned to such term in the Security Agreement. 

“Intervening Creditor” shall have the meaning assigned to such term in Section 2.01(a)
hereof. 
 “Joinder Agreement” means a Future Term Loan/Notes Secured Party Consent
substantially in the form attached as Exhibit A hereto. 
 “Junior Priority Intercreditor
Agreement” means a Junior Priority Intercreditor Agreement, substantially in the form of Exhibit B hereto with such changes thereto as are agreed to by the Applicable Authorized Representative. 

“Lien” means with respect to any asset, (a) any mortgage, deed of trust, lien, pledge,
hypothecation, encumbrance, charge or security interest in, on or of such asset and (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having
substantially the same economic effect as any of the foregoing) relating to such asset.” 
 “Major
Non-Applicable Authorized Representative” means, with respect to any Shared Collateral, the Authorized Representative of the Series of Term Loan/Notes Secured Obligations that constitutes the largest outstanding principal amount of any
then outstanding Series of Term Loan/Notes Secured Obligations (other than the Term Loan Obligations) with respect to such Shared Collateral but solely to the extent that such Series of Term Loan/Notes Secured Obligations has a larger aggregate
outstanding principal amount than the Term Loan Obligations then outstanding. 
 “Mortgage” shall mean any mortgage,
deed of trust, deed to secure debt, security deed, trust deed or spreader of lien, in favor of the Collateral Agent to secure any Term Loan/Notes Secured Obligations. 

“New York UCC” shall mean the Uniform Commercial Code as from time to time in effect in the State of New
York. 
 “Non-Applicable Authorized Representative” means, at any time with respect to any Shared
Collateral, any Authorized Representative that is not the Applicable Authorized Representative at such time with respect to such Shared Collateral. 

  
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 “Non-Applicable Authorized Representative Enforcement Date”
means, with respect to any Non-Applicable Authorized Representative, the date that is 90 days (throughout which 90-day period such Non-Applicable Authorized Representative was the Major Non-Applicable Authorized Representative) after the occurrence
of both (i) an Event of Default (under and as defined in the Indenture or Future Term Loan/Notes Agreement under which such Non-Applicable Authorized Representative is the Authorized Representative) and (ii) the Collateral
Agent’s and each other Authorized Representative’s receipt of written notice from such Non-Applicable Authorized Representative certifying that (x) such Non-Applicable Authorized Representative is the Major Non-Applicable Authorized
Representative and that an Event of Default (under and as defined in the Indenture or Future Term Loan/Notes Agreement under which such Non-Applicable Authorized Representative is the Authorized Representative) has occurred and is continuing and
(y) the Term Loan/Notes Secured Obligations of the Series with respect to which such Non-Applicable Authorized Representative is the Authorized Representative are currently due and payable in full (whether as a result of acceleration thereof or
otherwise) in accordance with the terms of the applicable Future Term Loan/Notes Agreement; provided that the Non-Applicable Authorized Representative Enforcement Date shall be stayed and shall not occur and shall be deemed not to have
occurred with respect to any Shared Collateral (1) at any time the Collateral Agent has been instructed by the Applicable Authorized Representative to commence and diligently pursue and has commenced and is diligently pursuing any enforcement
action with respect to such Shared Collateral, (2) at any time the Grantor which has granted a security interest in such Shared Collateral is then a debtor under or with respect to (or otherwise subject to) any Insolvency or Liquidation
Proceeding or (3) at any time the Collateral Agent is stayed pursuant to the ABL Intercreditor Agreement from exercising enforcement actions with respect to a material portion of Shared Collateral. 

“Non-Controlling Secured Parties” means, with respect to any Shared Collateral, the Term Loan/Notes Secured Parties
which are not Controlling Secured Parties with respect to such Shared Collateral. 
 “Notes Authorized
Representative” shall have the meaning assigned to such term in the introductory paragraph of this Agreement. 

“Notes Obligations” means the Notes Obligations (as defined in the Indenture). 

“Notes Secured Parties” shall mean the “Notes Secured Parties” as defined in the
Indenture. 
 “Other Intercreditor Agreements”shall mean, collectively, the ABL
Intercreditor Agreement and, if executed, the Junior Priority Intercreditor Agreement. 
 “Possessory
Collateral” means any Shared Collateral in the possession of the Collateral Agent (or its agents or bailees), to the extent that possession thereof perfects a Lien thereon under the Uniform Commercial Code of any jurisdiction.
Possessory Collateral includes, without limitation, any Certificated Securities, Promissory Notes, Instruments, and Chattel Paper, in each case, delivered to or in the possession of the Collateral Agent under the terms of the Term Loan/Notes
Security Documents. All capitalized terms used in this definition and not defined elsewhere in this Agreement have the meanings assigned to them in the New York UCC. 

  
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 “Post-Petition Interest” means any interest or entitlement
to fees or expenses or other charges that accrue after the commencement of any bankruptcy or insolvency proceeding, whether or not allowed or allowable as a claim in any such bankruptcy or insolvency proceeding. 

“Proceeds” shall have the meaning assigned to such term in Section 2.01(a) hereof. 

 “Refinance” means, in respect of any indebtedness, to refinance, extend, renew, defease,
amend, increase, modify, supplement, restructure, refund, replace or repay, or to issue other indebtedness or enter alternative financing arrangements, in exchange or replacement for such indebtedness (in whole or in part), including by adding or
replacing lenders, creditors, agents, borrowers and/or guarantors, and including in each case, but not limited to, after the original instrument giving rise to such indebtedness has been terminated and including, in each case, through any credit
agreement, indenture or other agreement. “Refinanced” and “Refinancing” have correlative meanings.  

“Security Agreement” means the Amended and Restated Pledge and Security Agreement, dated as of
June 23, 2016, by and among the Grantors and the Collateral Agent, as the same may be further amended, restated or modified from time to time. 

“Series” means (a) with respect to the Term Loan/Notes Secured Parties,
each of (i) the Term Loan Secured Parties (in their capacities as such), (ii) the Notes Secured Parties (in their capacities as such) and (iii) each additional Series of Future Term Loan/Notes Secured Parties that are represented by a
common Authorized Representative, in its capacity as such for such Future Term Loan/Notes Secured Parties (in their capacities as such) and (b) with respect to any Term Loan/Notes Secured Obligations, each of (i) the Term Loan Obligations,
(ii) the Notes Obligations and (iii) the Future Term Loan/Notes Secured Obligations incurred pursuant to any Future Term Loan/Notes Agreement, which pursuant to any Joinder Agreement, are to be represented hereunder by a common Authorized
Representative (in its capacity as such for such Future Term Loan/Notes Secured Obligations).  

“Shared Collateral” means, at any time, Collateral in which the Collateral
Agent holds, for the benefit of two or more Series of Term Loan/Notes Secured Obligations, a valid and perfected security interest at such time. If more than two Series of Term Loan/Notes Secured Obligations are outstanding at any time and the
Collateral Agent holds a valid and perfected security interest in any Collateral at such time for less than all Series of Term Loan/Notes Secured Obligations, then such Collateral shall constitute Shared Collateral for those Series of Term
Loan/Notes Secured Obligations that benefit from a valid security interest in such Collateral at such time and shall not constitute Shared Collateral for any Series which does not benefit from a valid and perfected security interest in such
Collateral at such time. Unless the Collateral Agent has received notice from the Authorized Representative for any Series of Term Loan/Notes Secured Obligations that any item of Collateral is not Shared Collateral for such Series or a court of
competent jurisdiction has made a determination that any item of Collateral is not Shared Collateral for any Series of Term Loan/Notes Secured Obligations, the Collateral Agent shall be fully protected in assuming that all Collateral is Shared
Collateral for each Series of Term Loan/Notes Secured Obligations. 

  
 7 

 “Term Loan Agreement” means that certain Amended and
Restated Credit and Guaranty Agreement, dated as of June 23, 2016, among the Company, the guarantors party thereto, the lending institutions from time to time parties thereto, the Term Loan Authorized Representative, as administrative agent,
and the other parties thereto.  
 “Term Loan Authorized Representative” shall have the
meaning assigned to such term in the introductory paragraph of this Agreement.  
 “Term
Loan/Notes Document”means (i) the Term Loan Agreement and the Credit Documents (as defined in the Term Loan Agreement), (ii) the Indenture and the Notes Documents (as defined in the Indenture) and
(iii) each Future Term Loan/Notes Agreement (and any documents designated therein as “Credit Documents,” “Notes Documents” or any equivalent term). 

“Term Loan/Notes Secured Obligations” means, collectively, (i) the Term Loan Obligations,
(ii) the Notes Obligations and (iii) each Series of Future Term Loan/Notes Secured Obligations. 

“Term Loan/Notes Secured Parties” means (i) the Term Loan Secured Parties, (ii) the Notes
Secured Parties and (iii) the Future Term Loan/Notes Secured Parties with respect to each Series of Future Term Loan/Notes Secured Obligations.  

“Term Loan/Notes Security Documents” means the Security Agreement, each Mortgage, each Intellectual
Property Security Agreement and each other agreement entered into in favor of the Collateral Agent for purposes of securing any Series of Term Loan/Notes Secured Obligations. 

“Term Loan Obligations” means the “Obligations” as defined in the Term Loan Agreement.

 “Term Loan Secured Parties” means the “Secured Parties” as defined in the Term
Loan Agreement. 
 ARTICLE II 

Priorities and Agreements with Respect to Shared Collateral 

SECTION 2.01 Priority of Claims. 

(a) Anything contained herein or in any of the Term Loan/Notes Documents to the contrary notwithstanding (but subject to Section 1.01(b)),
if an Event of Default has occurred and is continuing, and the Collateral Agent is taking action to enforce rights in respect of any Shared Collateral, or any distribution is made in respect of any Shared Collateral in any Bankruptcy Case of any
Grantor or any Term Loan/Notes Secured Party receives any payment pursuant to any Other Intercreditor Agreement with respect to any Shared Collateral, the proceeds of any sale, collection or other liquidation of any such Collateral by the Collateral
Agent pursuant to any Other Intercreditor Agreement and proceeds of any such distribution (subject, in the case of any such distribution, to the sentence immediately following) to which the 

  
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Term Loan/Notes Secured Obligations are entitled under any Other Intercreditor Agreement (all proceeds of any sale, collection or other liquidation of any Collateral and all proceeds of any such
distribution being collectively referred to as “Proceeds”), shall, subject to the terms of the ABL Intercreditor Agreement with respect to the ABL Priority Collateral, be applied (i) FIRST, to the payment of all amounts
owing to the Collateral Agent (in its capacity as such) pursuant to the terms of this Agreement and any other Term Loan/Notes Document and (ii) SECOND, subject to Section 1.01(b), to the payment in full of the Term Loan/Notes Secured
Obligations of each Series on a ratable basis in accordance with the terms of the applicable Term Loan/Notes Documents. Notwithstanding the foregoing, with respect to any Shared Collateral for which a third party (other than a Term Loan/Notes
Secured Party) has a lien or security interest that is junior in priority to the security interest of any Series of Term Loan/Notes Secured Obligations but senior (as determined by appropriate legal proceedings in the case of any dispute) to the
security interest of any other Series of Term Loan/Notes Secured Obligations (such third party an “Intervening Creditor”), the value of any Shared Collateral or Proceeds which are allocated to such Intervening Creditor shall
be deducted on a ratable basis solely from the Shared Collateral or Proceeds to be distributed in respect of the Series of Term Loan/Notes Secured Obligations with respect to which such Impairment exists; provided, further, that following
commencement of any Insolvency or Liquidation Proceeding with respect to any Grantor, solely for purposes of this Section 2.01(a) and not any other Term Loan/Notes Document, in the event the value of the Shared Collateral is not sufficient for
the entire amount of Post-Petition Interest on the Term Loan/Notes Secured Obligations to be allowed under Sections 506(a) and (b) of the Bankruptcy Code or any other applicable provision of the Bankruptcy Code or other bankruptcy law in such
Insolvency or Liquidation Proceeding, the amount of Term Loan/Notes Secured Obligations of each Series of Term Loan/Notes Secured Obligations shall include only the maximum amount of Post-Petition Interest allowable under Sections 506(a) and
(b) of the Bankruptcy Code or any other applicable provision of the Bankruptcy Code or other bankruptcy law in such Insolvency or Liquidation Proceeding. 

(b) It is acknowledged that the Term Loan/Notes Secured Obligations of any Series may, subject to the limitations set forth in the then extant
Term Loan/Notes Documents, be increased, extended, renewed, replaced, restated, supplemented, restructured, repaid, refunded, Refinanced or otherwise amended or modified from time to time, all without affecting the priorities set forth in
Section 2.01(a) or the provisions of this Agreement defining the relative rights of the Term Loan/Notes Secured Parties of any Series. 

(c) Notwithstanding the date, time, method, manner or order of grant, attachment or perfection of any Liens securing any Series of Term
Loan/Notes Secured Obligations granted on the Shared Collateral and notwithstanding any provision of the Uniform Commercial Code of any jurisdiction, or any other applicable law or the Term Loan/Notes Documents or any defect or deficiencies in the
Liens securing the Term Loan/Notes Secured Obligations of any Series or any other circumstance whatsoever (but, in each case, subject to Section 1.01(b)), each Term Loan/Notes Secured Party hereby agrees that the Liens securing each Series of
Term Loan/Notes Secured Obligations on any Shared Collateral shall be of equal priority. 

  
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 SECTION 2.02 Actions With Respect to Shared Collateral;
Prohibition on Contesting Liens. 
 (a) With respect to any Shared Collateral, (i) only the Collateral Agent shall act or
refrain from acting with respect to the Shared Collateral (including with respect to any Other Intercreditor Agreement), and then only on the instructions of the Applicable Authorized Representative, (ii) the Collateral Agent shall not follow
any instructions with respect to such Shared Collateral (including with respect to any Other Intercreditor Agreement) from any Non-Applicable Authorized Representative (or any other Term Loan/Notes Secured Party other than the Applicable Authorized
Representative) and (iii) no Non-Applicable Authorized Representative or other Term Loan/Notes Secured Party (other than the Applicable Authorized Representative) shall or shall instruct the Collateral Agent to, commence any judicial or
nonjudicial foreclosure proceedings with respect to, seek to have a trustee, receiver, liquidator or similar official appointed for or over, attempt any action to take possession of, exercise any right, remedy or power with respect to, or otherwise
take any action to enforce its security interest in or realize upon, or take any other action available to it in respect of, any Shared Collateral (including with respect to any intercreditor agreement with respect to any Shared Collateral), whether
under any Term Loan/Notes Security Document, applicable law or otherwise, it being agreed that only the Collateral Agent, acting on the instructions of the Applicable Authorized Representative, shall be entitled to take any such actions or exercise
any such remedies with respect to Shared Collateral. Notwithstanding the equal priority of the Liens, in exercising its rights under this Agreement, as between the Applicable Authorized Representative and the Controlling Secured Parties, on the one
hand, and the Non-Controlling Authorized Representatives and the Non-Controlling Secured Parties, on the other, the Applicable Authorized Representative and the Controlling Secured Parties may exercise their rights under this Agreement, without
regard to the existence of any Non-Controlling Authorized Representatives or Non-Controlling Secured Parties and shall owe no duties to such Persons. No Non-Applicable Authorized Representative or Non-Controlling Secured Party will contest, protest
or object to any foreclosure proceeding or action brought by the Collateral Agent, the Applicable Authorized Representative or any Controlling Secured Party or any other exercise by the Collateral Agent, the Applicable Authorized Representative or
any Controlling Secured Party of any rights and remedies relating to the Shared Collateral, or to cause the Collateral Agent to do so. The foregoing shall not be construed to limit the rights and priorities of any Term Loan/Notes Secured Party,
Collateral Agent or Authorized Representative with respect to any Collateral not constituting Shared Collateral. 
 (b) Each of the
Authorized Representatives agrees that it will not accept any Lien on any Collateral for the benefit of any Series of Term Loan/Notes Secured Obligations (other than funds deposited for the discharge or defeasance of any Series of Term Loan/Notes
Secured Obligations) other than pursuant to the Term Loan/Notes Security Documents, and by executing this Agreement (or a Joinder Agreement), each Authorized Representative and the Series of Term Loan/Notes Secured Parties for which it is acting
hereunder agrees to be bound by the provisions of this Agreement and the other Term Loan/Notes Security Documents applicable to it. 
 (c)
Each of the Term Loan/Notes Secured Parties agrees that it will not (and hereby waives any right to) contest or support any other Person in contesting, in any proceeding (including any Insolvency or Liquidation Proceeding), the perfection, priority,
validity, attachment or enforceability of a Lien held by or on behalf of any of the Term Loan/Notes Secured Parties in all or any part of the Shared Collateral, or the provisions of this Agreement; provided that nothing in this Agreement
shall be construed to prevent or impair the rights of any of the Collateral Agent or any Authorized Representative to enforce this Agreement. 

  
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 SECTION 2.03 No Interference; Payment Over. 

(a) Each Term Loan/Notes Secured Party agrees that (i) it will not challenge or question in any proceeding the validity or enforceability
of any Term Loan/Notes Secured Obligations of any Series or any Term Loan/Notes Security Document or the validity, attachment, perfection or priority of any Lien under any Term Loan/Notes Security Document or the validity or enforceability of the
priorities, rights or duties established by or other provisions of this Agreement; (ii) it will not take or cause to be taken any action the purpose or intent of which is, or could be, to interfere, hinder or delay, in any manner, whether by
judicial proceedings or otherwise, any sale, transfer or other disposition of the Shared Collateral by the Collateral Agent, (iii) except as provided in Section 2.02, it shall have no right to (A) direct the Collateral Agent or any
other Term Loan/Notes Secured Party to exercise any right, remedy or power with respect to any Shared Collateral (including pursuant to any intercreditor agreement) or (B) consent to the exercise by the Collateral Agent or any other Term
Loan/Notes Secured Party of any right, remedy or power with respect to any Shared Collateral, (iv) it will not institute any suit or assert in any suit, bankruptcy, insolvency or other proceeding any claim against the Collateral Agent, the
Applicable Authorized Representative or any other Term Loan/Notes Secured Party represented by the Applicable Authorized Representative seeking damages from or other relief by way of specific performance, instructions or otherwise with respect to
any Shared Collateral, and none of the Collateral Agent, any Applicable Authorized Representative or any other Term Loan/Notes Secured Party represented by any Applicable Authorized Representative shall be liable for any action taken or omitted to
be taken by the Collateral Agent, such Applicable Authorized Representative or such Term Loan/Notes Secured Party with respect to any Shared Collateral in accordance with the provisions of this Agreement, (v) it will not seek, and hereby waives
any right, to have any Shared Collateral or any part thereof marshaled upon any foreclosure or other disposition of such Collateral and (vi) it will not attempt, directly or indirectly, whether by judicial proceedings or otherwise, to challenge
the enforceability of any provision of this Agreement; provided that nothing in this Agreement shall be construed to prevent or impair the rights of the Collateral Agent or any other Term Loan/Notes Secured Party to enforce this Agreement.

 (b) Each Term Loan/Notes Secured Party hereby agrees that if it shall obtain possession of any Shared Collateral or shall realize any
proceeds or payment in respect of any such Shared Collateral, pursuant to any Term Loan/Notes Security Document or by the exercise of any rights available to it under applicable law or in any Insolvency or Liquidation Proceeding or through any other
exercise of remedies (including pursuant to any intercreditor agreement), at any time prior to the Discharge of each other Series of the Term Loan/Notes Secured Obligations with respect to such Shared Collateral, then it shall hold such Shared
Collateral, proceeds or payment in trust for the other Term Loan/Notes Secured Parties and promptly transfer such Shared Collateral, proceeds or payment, as the case may be, to the Collateral Agent, to be distributed in accordance with the
provisions of Section 2.01 hereof. 

  
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 SECTION 2.04 Automatic Release of Liens; Amendments to Term Loan/Notes
Security Documents. 
 (a) If, at any time the Collateral Agent forecloses upon or otherwise exercises remedies against any Shared
Collateral, then (whether or not any Insolvency or Liquidation Proceeding is pending at the time) the Liens in favor of the Collateral Agent for the benefit of each Series of Term Loan/Notes Secured Parties upon such Shared Collateral will
automatically be released and discharged; provided that any proceeds of any Shared Collateral realized therefrom shall be applied pursuant to Section 2.01 hereof. 

(b) Each Term Loan/Notes Secured Party agrees that the Collateral Agent may enter into any amendment (and, upon request by the Collateral
Agent, each Authorized Representative shall sign a consent to such amendment) to any Term Loan/Notes Security Document or Other Intercreditor Agreement, so long as the Collateral Agent receives a certificate of the Company stating that such
amendment is permitted by the terms of each then extant Term Loan/Notes Document; provided, however, that any amendment to any Term Loan/Notes Document or Other Intercreditor Agreement solely for the purpose of effectuating a release or
subordination of any Lien or any subdivision of a Real Estate Asset pursuant to the last sentence of Section 4.08 shall not require such certificate and shall instead be governed by the requirements of Section 4.08. Additionally, each Term
Loan/Notes Secured Party agrees that the Collateral Agent may enter into any amendment (and, upon request by the Collateral Agent, each Authorized Representative shall sign a consent to such amendment) to any Term Loan/Notes Security Document or
Other Intercreditor Agreement solely as such Term Loan/Notes Security Document or Other Intercreditor Agreement relates to a particular Series of Term Loan/Notes Secured Obligations so long as (x) such amendment is in accordance with the Term
Loan/Notes Document pursuant to which such Series of Term Loan/Notes Secured Obligations was incurred and (y) such amendment does not adversely affect the Term Loan/Notes Secured Parties of any other Series (and the Collateral Agent shall be
fully protected in relying on a certificate of the Company certifying as to each of (x) and (y)). 
 (c) Additionally, if the Applicable
Authorized Representative with respect to any Shared Collateral, other than in connection with the repayment in full of any Series of Term Loan/Notes Secured Obligations, delivers a certificate to the Collateral Agent requesting that (i) all or
any portion of such Shared Collateral be released from the Liens of the Term Loan/Notes Security Documents with respect to all Series of then outstanding Term Loan/Notes Secured Obligations, (ii) the Liens of the Collateral Agent on all or any
portion of the Shared Collateral for all then outstanding Series of Term Loan/Notes Secured Obligations be subordinated to any other Liens on such Shared Collateral or (iii) the Collateral Agent enter into the Junior Priority Intercreditor
Agreement or any supplement to any Other Intercreditor Agreement or any amendment or supplement to any Term Loan/Notes Security Document relating to such Shared Collateral, the Collateral Agent shall execute such Junior Priority Intercreditor
Agreement amendments and supplements as may be requested by the Applicable Authorized Representative to effectuate such request. 
 (d) Each
Authorized Representative agrees to execute and deliver (at the sole cost and expense of the Grantors) all such authorizations and other instruments as shall reasonably be requested by the Collateral Agent to evidence and confirm any release of
Shared Collateral or amendment to any Term Loan/Notes Security Document provided for in this Section. 

  
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 SECTION 2.05 Certain Agreements With Respect to Bankruptcy or
Insolvency Proceedings. 
 (a) This Agreement shall continue in full force and effect notwithstanding the commencement of any
proceeding under the Bankruptcy Code or any other Federal, state or foreign bankruptcy, insolvency, receivership or similar law by or against the Company or any of its subsidiaries. 

(b) If any Grantor shall commence or become subject to a case (a “Bankruptcy Case”) under the Bankruptcy
Code and shall, as debtor(s)-in-possession, move for approval of financing to be provided by one or more lenders (the “DIP Lenders”) under Section 364 of the Bankruptcy Code (“DIP Financing”)
and/or the use of cash collateral under Section 363 of the Bankruptcy Code (in each case, or under any equivalent provision of any other applicable bankruptcy law), each Term Loan/Notes Secured Party agrees that it will raise no objection to
any such financing or to the Liens on the Shared Collateral securing the same (“DIP Financing Liens”) and/or to any use of cash collateral that constitutes Shared Collateral, unless the Applicable Authorized Representative
with respect to such Shared Collateral shall then oppose or object to such DIP Financing or such DIP Financing Liens and/or use of cash collateral (and (i) to the extent that such DIP Financing Liens are senior to the Liens on any such Shared
Collateral for the benefit of the Controlling Secured Parties, each Non-Controlling Secured Party hereby authorizes and instructs the Collateral Agent to subordinate the Liens with respect to such Shared Collateral for the benefit of the
Non-Controlling Secured Parties on the same terms as the Liens for the benefit of the Controlling Secured Parties (other than any Liens of any Term Loan/Notes Secured Parties constituting DIP Financing Liens) are subordinated thereto, and
(ii) to the extent that such DIP Financing Liens rank pari passu with the Liens on any such Shared Collateral granted to secure the Term Loan/Notes Secured Obligations of the Controlling Secured Parties, each
Non-Controlling Secured Party will confirm the priorities with respect to such Shared Collateral as set forth herein), in each case so long as (A) the Term Loan/Notes Secured Parties of each Series (or the Collateral Agent or other
representative for the benefit of such Term Loan/Notes Secured Parties) retain the benefit of their Liens, including Liens on proceeds of Shared Collateral arising after the commencement of such bankruptcy proceedings, on all such Shared Collateral
pledged to the DIP Lenders, with the same priority vis-a-vis all the other Term Loan/Notes Secured Parties (other than any Liens of any Term Loan/Notes Secured Parties constituting DIP Financing Liens) as existed prior to the commencement of the
Bankruptcy Case, (B) the Term Loan/Notes Secured Parties of each Series (or the Collateral Agent or other representative for the benefit of such Term Loan/Notes Secured Parties) are granted Liens on any additional collateral pledged to any Term
Loan/Notes Secured Parties (or the Collateral Agent or other representative for the benefit of such Term Loan/Notes Secured Parties) as adequate protection or otherwise in connection with such DIP Financing and/or use of cash collateral, with the
same priority vis-a-vis the Term Loan/Notes Secured Parties as set forth in this Agreement, (C) if any amount of such DIP Financing and/or cash collateral is applied to repay any of the Term Loan/Notes Secured Obligations, such amount is
applied pursuant to Section 2.01 of this Agreement, and (D) if any Term Loan/Notes Secured Parties are granted adequate protection, including in the form of periodic payments, in connection with such DIP Financing and/or use of cash
collateral, the proceeds of such adequate protection are applied pursuant to Section 2.01 of this Agreement; provided that the Term Loan/Notes Secured Parties of each Series shall have a right to object to the grant of a Lien to 

  
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secure the DIP Financing over any Collateral subject to Liens in favor of the Term Loan/Notes Secured Parties of such Series or its Authorized Representative that shall not constitute Shared
Collateral; and provided, further, that the Term Loan/Notes Secured Parties receiving adequate protection shall not object to any other Term Loan/Notes Secured Party receiving adequate protection comparable to any adequate protection
granted to such Term Loan/Notes Secured Parties in connection with a DIP Financing and/or use of cash collateral. 
 SECTION 2.06
Reinstatement. In the event that any of the Term Loan/Notes Secured Obligations shall be paid in full and such payment or any part thereof shall subsequently, for whatever reason (including an order or judgment for disgorgement of a
preference under Title 11 of the United Stated Code, or any similar law, or the settlement of any claim in respect thereof), be required to be returned or repaid, the terms and conditions of this Article II shall be fully applicable thereto until
all such Term Loan/Notes Secured Obligations shall again have been paid in full in cash. 
 SECTION 2.07 Insurance. As
between the Term Loan/Notes Secured Parties, the Collateral Agent, acting at the direction of the Applicable Authorized Representative, shall have the right to adjust or settle any insurance policy or claim covering or constituting Shared Collateral
in the event of any loss thereunder and to approve any award granted in any condemnation or similar proceeding affecting the Shared Collateral. 

SECTION 2.08 Refinancings. The Term Loan/Notes Secured Obligations of any Series may be Refinanced, in whole or in part, in
each case, without notice to, or the consent (except to the extent a consent is otherwise required to permit the refinancing transaction under any Term Loan/Notes Document) of any Term Loan/Notes Secured Party of any other Series, all without
affecting the priorities provided for herein or the other provisions hereof; provided that the Authorized Representative of the holders of any such Refinancing indebtedness shall have executed a Joinder Agreement on behalf of the holders of
such Refinancing indebtedness. 
 SECTION 2.09 Possessory Collateral Agent as Gratuitous Bailee for
Perfection. 
 (a) The Collateral Agent agrees to hold any Shared Collateral constituting Possessory Collateral that is part of the
Collateral in its possession or control (or in the possession or control of its agents or bailees) as gratuitous bailee for the benefit of each other Term Loan/Notes Secured Party and any assignee solely for the purpose of perfecting the security
interest granted in such Possessory Collateral, if any, pursuant to the applicable Term Loan/Notes Security Documents, in each case, subject to the terms and conditions of this Section 2.09. Pending delivery to the Collateral Agent, each
Authorized Representative agrees to hold any Shared Collateral constituting Possessory Collateral, from time to time in its possession, as gratuitous bailee for the benefit of each other Term Loan/Notes Secured Party and any assignee, solely for the
purpose of perfecting the security interest granted in such Possessory Collateral, if any, pursuant to the applicable Term Loan/Notes Security Documents, in each case, subject to the terms and conditions of this Section 2.09. 

  
 14 

 (b) The duties or responsibilities of the Collateral Agent and each Authorized Representative
under this Section 2.09 shall be limited solely to holding any Shared Collateral constituting Possessory Collateral as gratuitous bailee for the benefit of each other Term Loan/Notes Secured Party for purposes of perfecting the Lien held by
such Term Loan/Notes Secured Parties therein. 
 ARTICLE III 

Existence and Amounts of Liens and Obligations 

Whenever the Collateral Agent or any Authorized Representative shall be required, in connection with the exercise of its rights or the
performance of its obligations hereunder, to determine the existence or amount of any Term Loan/Notes Secured Obligations of any Series, or the Shared Collateral subject to any Lien securing the Term Loan/Notes Secured Obligations of any Series, it
may request that such information be furnished to it in writing by the Authorized Representative for the applicable Series and shall be entitled to make such determination on the basis of the information so furnished; provided,
however, that if an Authorized Representative shall fail or refuse reasonably promptly to provide the requested information, the requesting Collateral Agent or Authorized Representative shall be entitled to make any such determination by such
method as it may, in the exercise of its good faith judgment, determine, including by reliance upon a certificate of the Company. The Collateral Agent and each Authorized Representative may rely conclusively, and shall be fully protected in so
relying, on any determination made by it in accordance with the provisions of the preceding sentence (or as otherwise directed by a court of competent jurisdiction) and shall have no liability to any Grantor, any Term Loan/Notes Secured Party or any
other person as a result of such determination. 
 ARTICLE IV 

The Collateral Agent 

SECTION 4.01 Appointment and Authority. 

(a) Each Authorized Representative, on behalf of the Term Loan/Notes Secured Parties of the applicable Series, hereby irrevocably appoints
Wilmington Trust, National Association (and any successor as contemplated hereby) to act as the Collateral Agent for the current and future Term Loan/Notes Secured Parties hereunder and under each of the Term Loan/Notes Security Documents and Other
Intercreditor Agreements and authorizes the Collateral Agent to take such actions on its behalf and on behalf of such Term Loan/Notes Secured Parties and to exercise such powers as are delegated to the Collateral Agent by the terms hereof or
thereof, including for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any Grantor to secure the Term Loan/Notes Secured Obligations, together with such powers and discretion as are reasonably incidental
thereto. In this connection, the Collateral Agent and any co-agents, sub-agents and attorneys-in-fact appointed by the Collateral Agent pursuant to Section 4.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion
thereof) granted under any of the Term Loan/Notes Security Documents, or for exercising any rights and remedies thereunder at the direction of the Applicable Authorized Representative or for exercising any rights under any of the Other Intercreditor
Agreements, shall be entitled to the benefits of all provisions of this Article IV. 
  

  
 15 

 (b) Each Non-Controlling Secured Party acknowledges and agrees that the Collateral Agent shall be
entitled, for the benefit of the Term Loan/Notes Secured Parties, to sell, transfer or otherwise dispose of or deal with any Shared Collateral as provided herein and in the Term Loan/Notes Security Documents and Other Intercreditor Agreements,
without regard to any rights to which the Non-Controlling Secured Parties would otherwise be entitled. Without limiting the foregoing, each Non-Controlling Secured Party agrees that none of the Collateral Agent, the Applicable Authorized
Representative or any other Term Loan/Notes Secured Party shall have any duty or obligation first to marshal or realize upon any type of Shared Collateral (or any other Collateral securing any of the Term Loan/Notes Secured Obligations), or to sell,
dispose of or otherwise liquidate all or any portion of such Shared Collateral (or any other Collateral securing any Term Loan/Notes Secured Obligations) or otherwise to exercise any of its rights under this Agreement, in any manner that would
maximize the return to the Non-Controlling Secured Parties, notwithstanding that the order and timing of any such realization, sale, disposition or liquidation may affect the amount of proceeds actually received by the Non-Controlling Secured
Parties from such realization, sale, disposition or liquidation. Each of the Term Loan/Notes Secured Parties waives any claim it may now or hereafter have against the Collateral Agent or the Authorized Representative of any other Series of Term
Loan/Notes Secured Obligations or any other Term Loan/Notes Secured Party of any other Series arising out of (i) any actions which the Collateral Agent, any Authorized Representative or any Term Loan/Notes Secured Party takes or omits to take
(including, actions with respect to the creation, perfection or continuation of Liens on any Collateral, actions with respect to the foreclosure upon, sale, release or depreciation of, or failure to realize upon, any of the Collateral and actions
with respect to the collection of any claim for all or any part of the Term Loan/Notes Secured Obligations from any account debtor, guarantor or any other party) in accordance with this Agreement or the Term Loan/Notes Security Documents or any
other agreement related thereto or to the collection of the Term Loan/Notes Secured Obligations or the valuation, use, protection or release of any security for the Term Loan/Notes Secured Obligations, (ii) any election by any Applicable
Authorized Representative or any holders of Term Loan/Notes Secured Obligations, in any proceeding instituted under the Bankruptcy Code, of the application of Section 1111(b) of the Bankruptcy Code or (iii) subject to Section 2.05,
any borrowing by, or grant of a security interest or administrative expense priority under Section 364 of the Bankruptcy Code by, the Company or any of its subsidiaries, as debtor-in-possession. Notwithstanding any other provision of this
Agreement, the Collateral Agent shall not accept any Shared Collateral in full or partial satisfaction of any Term Loan/Notes Secured Obligations pursuant to Section 9-620 of the Uniform Commercial Code of any jurisdiction, without the consent
of each Authorized Representative representing holders of Term Loan/Notes Secured Obligations for whom such Collateral constitutes Shared Collateral. 

(c) Each party hereto acknowledges and agrees that the Collateral Agent, any Authorized Representative or any other Term Loan/Notes Secured
Party may be a lender or agent under the ABL Credit Agreement (as defined in the ABL Intercreditor Agreement) or other Indebtedness of any Grantor that does not constitute Term Loan/Notes Secured Obligations or may have other arrangements or
agreements with any other Grantor and each party hereto waives any claim against the Collateral Agent or any other Term Loan/Notes Secured Party based on any conflict or alleged conflict of interest as a result thereof. 

 

  
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 SECTION 4.02 Rights as a Term Loan/Notes Secured Party. 

The Person serving as the Collateral Agent hereunder shall have the same rights and powers in its capacity as a Term Loan/Notes Secured Party
under any Series of Term Loan/Notes Secured Obligations that it holds as any other Term Loan/Notes Secured Party of such Series and may exercise the same as though it were not the Collateral Agent and if the Collateral Agent holds any Term
Loan/Notes Obligations, the term “Term Loan/Notes Secured Party” or “Term Loan/Notes Secured Parties” or (as applicable) “Term Loan Secured Party”, “Term Loan Secured Parties”, “Notes Secured Party”,
“Notes Secured Parties”, “Future Term Loan/Notes Secured Party” or “Future Term Loan/Notes Secured Parties” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person
serving as the Collateral Agent hereunder in its individual capacity. The Person acting as Collateral Agent and its Affiliates and each Person acting as an Authorized Representative or any other Term Loan/Notes Secured Party may accept deposits
from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with any Grantor or other Affiliate thereof as if such Person were not the Collateral Agent, an Authorized
Representative or a Term Loan/Notes Secured Party hereunder and without any duty to account therefor to any other Term Loan/Notes Secured Party. 

SECTION 4.03 Exculpatory Provisions. 

(a) The Collateral Agent shall not have any duties or obligations except those expressly set forth herein and in the other Term Loan/Notes
Security Documents. Without limiting the generality of the foregoing and notwithstanding any contrary position in any Term Loan/Notes Security Document, the Collateral Agent: 
  

	 	(i)	shall not be subject to any fiduciary or other implied duties, regardless of whether an Event of Default has occurred and is continuing; 

 

	 	(ii)	shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other Term Loan/Notes Security Documents or
by the Other Intercreditor Agreements that the Collateral Agent is required to exercise as directed in writing by the Applicable Authorized Representative; provided that the Collateral Agent shall not be required to take any action that, in
its opinion or the opinion of its counsel, may expose the Collateral Agent to unindemnified individual liability or that is contrary to applicable law; 

  

	 	(iii)	shall not, except as expressly set forth herein, have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Company or any of its Affiliates that is communicated to
or obtained by the Person serving as the Collateral Agent or any of its Affiliates in any capacity; 

  
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	 	(iv)	shall not be liable for any action taken or not taken by it (i) with the consent or at the request of the Applicable Authorized Representative or (ii) in the absence of its own gross negligence or willful
misconduct as determined by a final order of a court of competent jurisdiction or (iii) in reliance on a certificate of the Company stating that such action is permitted by the terms of this Agreement. The Collateral Agent shall be deemed not
to have knowledge of any Event of Default under any Series of Term Loan/Notes Secured Obligations unless and until written notice describing such Event of Default and stating that it is a “notice of default”, is given to the Collateral
Agent in accordance with Section 5.01 by the Authorized Representative of such Series of Term Loan/Notes Secured Obligations or the Company; 

  

	 	(v)	shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with this Agreement, any other Term Loan/Notes Security Document or
any Other Intercreditor Agreement, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of any of the covenants,
agreements or other terms or conditions set forth herein or therein or the occurrence of any Event of Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Term Loan/Notes Security Document, any
Other Intercreditor Agreement or any other agreement, instrument or document, or the creation, perfection or priority of any Lien purported to be created by the Term Loan/Notes Security Documents, (v) the value or the sufficiency of any
Collateral for any Series of Term Loan/Notes Secured Obligations, or (vi) the satisfaction of any condition set forth in any Term Loan/Notes Document, other than to confirm receipt of items expressly required to be delivered to the Collateral
Agent; 

  

	 	(vi)	shall not be liable for interest on any money received by it except as the Collateral Agent may agree in writing with the Company (and money held in trust by the Collateral Agent need not be segregated from other funds
except to the extent required by law); 

  

	 	(vii)	shall not be liable for any indirect, special, punitive, incidental or consequential damages (included but not limited to lost profits) whatsoever, even if it has been informed of the likelihood thereof and regardless
of the form of action; and 

  

	 	(viii)	 shall not be responsible for, or have any duty or obligation with respect to, the recording, filing, registering,
perfection, protection or maintenance of the security interests or Liens intended to be created by the Term Loan/Notes Security Documents (including without limitation the filing or continuation of any UCC financing or continuation statements or
similar documents or instruments), nor shall the Collateral Agent be responsible 

  
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for, and the Collateral Agent makes no representation regarding, the validity, effectiveness or priority of any of the Term Loan/Notes Security Documents or the security interests or Liens
intended to be created thereby. 

 SECTION 4.04 Reliance by Collateral Agent. 

The Collateral Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate,
consent, statement, instrument, document or other writing (including any electronic message or other distribution) believed by it in good faith to be genuine and to have been signed, sent or otherwise authenticated by the proper Person. The
Collateral Agent also may rely upon any statement made to it orally or by telephone and believed by it in good faith to have been made by the proper Person, and shall not incur any liability for relying thereon. The Collateral Agent may consult with
legal counsel (who may be counsel for the Company), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts.

 SECTION 4.05 Delegation of Duties. 

The Collateral Agent may perform any and all of its duties and exercise its rights and powers hereunder or under any other Term Loan/Notes
Security Document or Other Intercreditor Agreement by or through any one or more sub-agents appointed by the Collateral Agent. The Collateral Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or
through their respective Affiliates. The exculpatory provisions of this Article shall apply to any such sub-agent and to the Affiliates of the Collateral Agent and any such sub-agent. The Collateral Agent shall not be liable for the negligence or
misconduct of any sub-agents appointed with due care. 
 SECTION 4.06 Resignation of Collateral Agent.

 The Collateral Agent may at any time give notice of its resignation as Collateral Agent under this Agreement and the other Term Loan/Notes
Security Documents to each Authorized Representative and the Company. Upon receipt of any such notice of resignation, the Applicable Authorized Representative shall have the right, in consultation with the Company, to appoint a successor, which
shall be a bank with an office in the United States, or an Affiliate of any such bank with an office in the United States. If no such successor shall have been so appointed by the Applicable Authorized Representative and shall have accepted such
appointment within 30 days after the retiring Collateral Agent gives notice of its resignation, then the retiring Collateral Agent may, on behalf of the Term Loan/Notes Secured Parties, appoint a successor Collateral Agent meeting the qualifications
set forth above; provided that if the Collateral Agent shall notify the Company and each Authorized Representative that no qualifying Person has accepted such appointment, then such resignation shall nonetheless become effective in accordance
with such notice and (a) the retiring Collateral Agent shall be discharged from its duties and obligations hereunder and under the other Term Loan/Notes Security Documents and the Other Intercreditor Agreements (except that in the case of any
collateral security held by the Collateral Agent on behalf of the Term Loan/Notes Secured 

  
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Parties under any of the Term Loan/Notes Security Documents, the retiring Collateral Agent shall continue to hold such collateral security solely for purposes of maintaining the perfection of the
security interests of the Term Loan/Notes Secured Parties therein until such time as a successor Collateral Agent is appointed but with no obligation to take any further action at the request of the Applicable Authorized Representative or any other
Term Loan/Notes Secured Parties) and (b) all payments, communications and determinations provided to be made by, to or through the Collateral Agent shall instead be made by or to each Authorized Representative directly, until such time as the
Applicable Authorized Representative appoints a successor Collateral Agent as provided for above in this Section. Upon the acceptance of a successor’s appointment as Collateral Agent hereunder and under the Term Loan/Notes Security Documents,
such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring (or retired) Collateral Agent, and the retiring Collateral Agent shall be discharged from all of its duties and obligations
hereunder or under the other Term Loan/Notes Security Documents and Other Intercreditor Agreements (if not already discharged therefrom as provided above in this Section). After the retiring Collateral Agent’s resignation hereunder and under
the other Term Loan/Notes Security Documents, the provisions of this Article shall continue in effect for the benefit of such retiring Collateral Agent, its sub-agents and their respective related parties in respect of any actions taken or omitted
to be taken by any of them while the retiring Collateral Agent was acting as Collateral Agent. Upon any notice of resignation of the Collateral Agent hereunder and under the other Term Loan/Notes Security Documents, the Company agrees to use
commercially reasonable efforts to transfer (and maintain the validity and priority of) the Liens in favor of the retiring Collateral Agent under the Term Loan/Notes Security Documents to the successor Collateral Agent. The Collateral Agent shall
execute and deliver or otherwise authorize the filing of such documents as the Company or the Applicable Authorized Representative shall reasonably request, in form and substance reasonably satisfactory to the Collateral Agent, to transfer (and
maintain the validity and priority of) the Liens in favor of the retiring Collateral Agent under the Term Loan/Notes Security Documents to the successor Collateral Agent. 

SECTION 4.07 Non-Reliance on Collateral Agent and other Term Loan/Notes Secured Parties. 

Each Term Loan/Notes Secured Party acknowledges that it has, independently and without reliance upon the Collateral Agent, any Authorized
Representative or any other Term Loan/Notes Secured Party or any of their Affiliates and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and the other Term
Loan/Notes Documents. Each Term Loan/Notes Secured Party also acknowledges that it will, independently and without reliance upon the Collateral Agent, any Authorized Representative or any other Term Loan/Notes Secured Party or any of their
Affiliates and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Term Loan/Notes Document or any
related agreement or any document furnished hereunder or thereunder. 

  
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 SECTION 4.08 Collateral and Guaranty Matters. 

Each of the Term Loan/Notes Secured Parties irrevocably authorizes the Collateral Agent to, and the Collateral Agent shall: 

(a) release or subordinate any Lien on any property granted to or held by the Collateral Agent under any Term Loan/Notes Security Document in
accordance with Section 2.04 or upon receipt of a written request by the Collateral Agent and each Applicable Authorized Representative from the Company stating that the release or subordination of such Lien is permitted by the terms of each
then extant Term Loan/Notes Document; 
 (b) execute and deliver or otherwise authorize the filing of documents in connection with a
subdivision of Collateral subject to a Mortgage upon receipt by the Collateral Agent and each Applicable Authorized Representative of a written request from the Company stating that such subdivision is permitted by the terms of each then extant Term
Loan/Notes Document; and 
 (c) release any Grantor from its obligations under the Term Loan/Notes Security Documents upon receipt by the
Collateral Agent and each Applicable Authorized Representative of a written request from the Company stating that such release is permitted by the terms of each then extant Term Loan/Notes Document. 

The Collateral Agent shall execute and deliver or otherwise authorize the filing of such documents as the Company or any other Grantor shall reasonably
request, in form and substance reasonably satisfactory to the Collateral Agent, including financing statement amendments to evidence such release, subordination or subdivision to give effect to any such release or subordination. Such documents may
take the form of amendments and restatements of, or other amendments or modifications to, one or more Term Loan/Notes Security Documents solely to give effect to the foregoing. 

SECTION 4.09 Other Intercreditor Agreements. 

Each of the Term Loan/Notes Secured Parties by accepting the benefits of this Agreement, irrevocably authorizes the Collateral Agent
(x) to enter into and perform its obligations under the ABL Intercreditor Agreement and, if requested by the Applicable Authorized Representative, the Junior Priority Intercreditor Agreement and agrees to be bound by the terms of each such
Other Intercreditor Agreement applicable to such Term Loan/Notes Secured Party and (y) to enter into and perform its obligations under the Term Loan/Notes Security Documents to which it is a party. 

SECTION 4.10 Fees, Expenses and Indemnities. 

The Company shall pay to the Collateral Agent such compensation, reimburse the Collateral Agent for expenses and indemnify the Collateral Agent
all as set forth in Sections 2.11(b), 10.2 and 10.3 of the Term Loan Agreement, Section 7.7 of the Indenture and the applicable provisions of any Future Term Loan/Notes Agreement. 

  
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 ARTICLE V 

Miscellaneous 

SECTION 5.01 Notices. All notices and other communications provided for herein shall be in writing and shall be delivered
by hand or overnight courier service, mailed by certified or registered mail or sent by telecopy, as follows: 
 (a) if to the Collateral
Agent, to it at Wilmington Trust, National Association, Global Capital Markets, 50 South Sixth Street, Suite 1290, Minneapolis, Minnesota 55402, Attention of J. C. Penney Collateral Agency Administrator (Telecopy No. 612-217-5651 and Electronic
Mail: hfield@wilmingtontrust.com); 
 (b) if to the Term Loan Authorized Representative, to it at JPMorgan Chase Bank, N.A., as
Administrative Agent, 500 Stanton Christiana Road, Ops Building 2, 3rd Floor, Newark, DE 19713-2107(Telephone: (302) 634-1678); 

(c) if to the Notes Authorized Representative, to it at Wilmington Trust, National Association, Global Capital Markets, 50 South Sixth Street,
Suite 1290, Minneapolis, Minnesota 55402, Attention of J. C. Penney Notes Administrator (Telecopy No. 612-217-5651 and Electronic Mail: hfield@wilmingtontrust.com); 

(d) if to any other additional Authorized Representative, to it at the address set forth in the applicable Joinder Agreement. 

Any party hereto may change its address or telecopy number for notices and other communications hereunder by notice to the other parties hereto. All notices
and other communications given to any party hereto in accordance with the provisions of this Agreement shall be deemed to have been given on the date of receipt (if a Business Day) and on the next Business Day thereafter (in all other cases) if
delivered by hand or overnight courier service or sent by telecopy or on the date five Business Days after dispatch by certified or registered mail if mailed, in each case delivered, sent or mailed (properly addressed) to such party as provided in
this Section 5.01 or in accordance with the latest unrevoked direction from such party given in accordance with this Section 5.01. As agreed to in writing among the Collateral Agent and each Authorized Representative from time to time,
notices and other communications may also be delivered by e-mail to the e-mail address of a representative of the applicable person provided from time to time by such person. 

SECTION 5.02 Waivers; Amendment; Joinder Agreements. 

(a) No failure or delay on the part of any party hereto in exercising any right or power hereunder shall operate as a waiver thereof, nor shall
any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and
remedies of the parties hereto are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this Agreement or consent to any departure by any party therefrom shall in any event be
effective 

  
 22 

 
unless the same shall be permitted by paragraph (b) of this Section, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. No
notice or demand on any party hereto in any case shall entitle such party to any other or further notice or demand in similar or other circumstances. 

(b) Neither this Agreement nor any provision hereof may be terminated, waived, amended or modified (other than pursuant to any Joinder
Agreement) except pursuant to an agreement or agreements in writing entered into by each Authorized Representative and the Collateral Agent and, in the case of waivers, amendments or modifications that could reasonably be expected to affect the
rights, duties or interests of any Grantor (including, without limitation, any waiver, amendment or modification of Sections 2.04(c), 2.05, 2.08, 2.09, 4.08 and 5.03 and this Section 5.02), the Company. 

(c) On or after the date hereof and so long as permitted by the Term Loan Agreement, the Indenture and any Future Term Loan/Notes Agreement
then outstanding (but subject to Section 4.04 above), the Company may from time to time designate Indebtedness at the time of incurrence to be Future Term Loan/Notes Secured Indebtedness by delivering to the Collateral Agent and each Authorized
Representative (a) a certificate signed by an Authorized Officer of the Company (i) identifying the obligations so designated and the initial aggregate principal amount or face amount thereof, (ii) stating that such obligations are
designated as Future Term Loan/Notes Secured Obligations for purposes hereof, (iii) representing that such designation of such obligations as Future Term Loan/Notes Secured Indebtedness complies with the terms of the Term Loan Agreement, the
Indenture and any Future Term Loan/Notes Agreement then outstanding and (iv) specifying the name and address of the Authorized Representative for such Future Term Loan/Notes Secured Indebtedness and (b) a Joinder Agreement executed by the
Grantors and the Authorized Representative for such Future Term Loan/Notes Secured Indebtedness (and if such Future Term Loan/Notes Secured Indebtedness is being designated as the “Term Loan Agreement”, the then extant Term Loan Authorized
Representative). Each Authorized Representative agrees that upon the satisfaction of all conditions set forth in the preceding sentence, the Collateral Agent shall execute such Joinder Agreement and act as agent under and subject to the terms of
this Agreement for the benefit of all Term Loan/Notes Secured Parties, including without limitation, any Term Loan/Notes Secured Parties that hold any such Future Term Loan/Notes Secured Obligations, and each Authorized Representative agrees to the
appointment, and acceptance of the appointment, of the Collateral Agent as agent for the holders of such Future Term Loan/Notes Secured Obligations as set forth in each Joinder Agreement and agrees, on behalf of itself and each Term Loan/Notes
Secured Party it represents, to be bound by this Agreement. In addition, the Collateral Agent shall execute, at the Company’s expense, any reaffirmations, amendments, amendments and restatements or other modifications to any Term Loan/Notes
Security Document in connection with such Joinder Agreement as the Company or the Applicable Authorized Representative shall request for purposes of giving effect thereto. 

SECTION 5.03 Parties in Interest. This Agreement shall be binding upon and inure to the benefit of the parties hereto and
their respective successors and assigns, as well as the other Term Loan/Notes Secured Parties, all of whom are intended to be bound by, and to be third party beneficiaries of, this Agreement. In addition, the Grantors shall be third party
beneficiaries of Sections 2.04, 2.05, 2.08, 2.09, 4.08 and 5.02 and this Section 5.03. 

  
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 SECTION 5.04 Survival of Agreement. All covenants, agreements,
representations and warranties made by any party in this Agreement shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of this Agreement. 

SECTION 5.05 Counterparts. This Agreement may be executed in counterparts, each of which shall constitute an original but
all of which when taken together shall constitute a single contract. Delivery of an executed signature page to this Agreement by facsimile or other electronic transmission shall be as effective as delivery of a manually signed counterpart of this
Agreement. 
 SECTION 5.06 Severability. Any provision of this Agreement held to be invalid, illegal or unenforceable in
any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a
particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. The parties shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions
the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 
 SECTION 5.07
Governing Law. 
 This Agreement shall be construed in accordance with and governed by the law of the State of New York. 

SECTION 5.08 Submission To Jurisdiction Waivers. The Collateral Agent and each Authorized Representative, on behalf of
itself and the Term Loan/Notes Secured Parties of the Series for whom it is acting, irrevocably and unconditionally: 
 (a)
submits for itself and its property in any legal action or proceeding relating to this Agreement and the Term Loan/Notes Security Documents, or for recognition and enforcement of any judgment in respect thereof, to the exclusive jurisdiction of the
courts of the State of New York, the courts of the United States of America for the Southern District of New York, and appellate courts from any thereof; 

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

(c) agrees that service of process in any such action or proceeding may be effected by mailing a copy thereof by registered or
certified mail (or any substantially similar form of mail), postage prepaid, to such Person (or its Authorized Representative) at the address referred to in 5.01; 

(d) agrees that nothing herein shall affect the right of any other party hereto (or any Term Loan/Notes Secured Party) to
effect service of process in any other manner permitted by law; and 

  
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 (e) waives, to the maximum extent not prohibited by law, any right it may have to
claim or recover in any legal action or proceeding referred to in this Section 5.08 any special, exemplary, punitive or consequential damages. 

SECTION 5.09 WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY
LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT AND FOR ANY COUNTERCLAIM THEREIN. 
 SECTION 5.10 Headings.
Article, Section and Annex headings used herein are for convenience of reference only, are not part of this Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement. 

SECTION 5.11 Conflicts. In the event of any conflict or inconsistency between the provisions of this Agreement and the
provisions of any of the other Term Loan/Notes Documents or Term Loan/Notes Security Documents (other than the ABL Intercreditor Agreement), the provisions of this Agreement shall control. 

SECTION 5.12 Provisions Solely to Define Relative Rights. The provisions of this Agreement are and are intended solely for
the purpose of defining the relative rights of the Term Loan/Notes Secured Parties in relation to one another. None of the Company, any other Grantor or any other creditor thereof shall have any rights or obligations hereunder, except as expressly
provided in this Agreement (provided that nothing in this Agreement (other than Section 2.04, 2.05, 2.08, 2.09 or 4.08 or Article V) is intended to or will amend, waive or otherwise modify the provisions of the Term Loan Agreement, the
Indenture or any Future Term Loan/Notes Agreements), and none of the Company or any other Grantor may rely on the terms hereof (other than Sections 2.04, 2.05, 2.08, 2.09 and 4.08 and Article V). Nothing in this Agreement is intended to or shall
impair the obligations of any Grantor, which are absolute and unconditional, to pay the Term Loan/Notes Secured Obligations as and when the same shall become due and payable in accordance with their terms. 

SECTION 5.13 Integration; Effectiveness. This Agreement together with the other Term Loan/Notes Documents and the Term
Loan/Notes Security Documents represents the agreement of each of the Grantors and the Term Loan/Notes Secured Parties with respect to the subject matter hereof and there are no promises, undertakings, representations or warranties by any Grantor,
the Collateral Agent, any or any other Term Loan/Notes Secured Party relative to the subject matter hereof not expressly set forth or referred to herein or in the other Term Loan/Notes Documents or the Term Loan/Notes Security Documents. This
Agreement shall continue to be effective until all Liens securing Term Loan/Notes Secured Obligations have been released in accordance with the provisions of this Agreement and shall survive the repayment of any Series of Term Loan/Notes Secured
Obligations. 
 SECTION 5.14 Concerning the Notes Authorized Representative. The Notes Authorized Representative is
acting in this Agreement in its capacity as Trustee under the Indenture, and shall be entitled to all of the rights, privileges and immunities of the Trustee set forth in the Indenture as if such rights, privileges and immunities were set forth
herein. Whenever the Notes Authorized Representative makes any determination, gives any direction or instruction or request to the Collateral Agent or exercises any discretion, it shall do so pursuant to the provisions of and in compliance with the
Indenture. 
  

  
 25 

 SECTION 5.15 Termination. This Agreement shall terminate and be of no further
force and effect, (i) with respect to the Notes Secured Parties and the Notes Obligations, upon the Discharge of the Notes Obligations; (ii) with respect to the Term Loan Secured Parties and the Term Loan Obligations, upon the Discharge of
Term Loan Obligations and (iii) in the case of any Series of Future Term Loan/Notes Secured Obligations or Future Term Loan/Notes Secured Parties that become subject to this Agreement after the date hereof, upon the Discharge of such Future
Term Loan Notes/Secured Obligations, in each case, subject to Section 2.08; provided, however, that such termination shall not relieve any such party of its obligations incurred hereunder prior to the date of such termination; provided, further
that, notwithstanding the foregoing, the provisions of Section 4.06 shall govern the resignation of the Collateral Agent and the provisions of Section 4.10 relating to the indemnity of the Collateral Agent shall survive such termination or
the earlier resignation or removal of the Collateral Agent.  
 [Remainder of this page intentionally left blank] 

  
 26 

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

			
	WILMINGTON TRUST, NATIONAL ASSOCIATION,
	 as Collateral Agent

		
	 By:
	 	  

		 	 Name:

		 	 Title:

	
	 JPMORGAN CHASE BANK, N.A.,

as Term Loan Authorized Representative

		
	 By:
	 	  

		 	 Name:

		 	 Title:

	
	 WILMINGTON TRUST, NATIONAL ASSOCIATION,

as Notes Authorized Representative

		
	 By:
	 	  

		 	 Name:

		 	 Title:

  
 [Pari Passu Intercreditor
Agreement] 

 CONSENT OF GRANTORS 

Dated: June 23, 2016 

Reference is made to the Pari Passu Intercreditor Agreement dated as of the date hereof by and among WILMINGTON TRUST, NATIONAL
ASSOCIATION, as Collateral Agent, JPMORGAN CHASE BANK, N.A., as Term Loan Authorized Representative, and WILMINGTON TRUST, NATIONAL ASSOCIATION, as Notes Authorized Representative, as the same may be amended, restated, supplemented, waived, or
otherwise modified from time to time (the “Pari Passu Intercreditor Agreement”). Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Pari Passu Intercreditor Agreement.

 Each of the undersigned Grantors has read the foregoing Pari Passu Intercreditor Agreement and consents thereto and agrees to
indemnify and hold harmless the Collateral Agent on the terms set forth therein. Each of the undersigned Grantors agrees not to take any action that would be contrary to the express provisions of the Pari Passu Intercreditor Agreement, agrees to
abide by the requirements expressly applicable to it under the Pari Passu Intercreditor Agreement and agrees that, except as otherwise provided therein, no Term Loan/Notes Secured Party shall have any liability to any Grantor for acting in
accordance with the provisions of the Pari Passu Intercreditor Agreement. Each Grantor understands that the Pari Passu Intercreditor Agreement is for the sole benefit of the Term Loan/Notes Secured Parties and their respective successors and
assigns, and that such Grantor is not an intended beneficiary or third party beneficiary thereof except to the extent otherwise expressly provided therein. 

Without limitation to the foregoing, each Grantor agrees to take such further action and to execute and deliver such additional documents and
instruments (in recordable form, if requested) as the Collateral Agent may reasonably request to effectuate the terms of and the lien priorities contemplated by Pari Passu Intercreditor Agreement. 

This Consent shall be governed and construed in accordance with the laws of the State of New York. Notices delivered to any Grantor pursuant
to this Consent shall be delivered in accordance with the notice provisions set forth in the Pari Passu Intercreditor Agreement, at the address set forth on Appendix B attached to the Term Loan Agreement or such other address as the Company may
notify the Collateral Agent and the Authorized Representatives in writing. 

 IN WITNESS HEREOF, this Consent is hereby executed by each of the Grantors as of the date first
written above. 
  

			
	 J. C. PENNEY CORPORATION, INC.

		
	 By:
	 	  

		 	 Name:

		 	 Title:

	
	 J. C. PENNEY COMPANY, INC.

		
	 By:
	 	  

		 	 Name:

		 	 Title:

	
	J. C. PENNEY PURCHASING CORPORATION
		
	 By:
	 	  

		 	 Name:

		 	 Title:

	
	J. C. PENNEY REAL ESTATE HOLDINGS, INC.
		
	 By:
	 	  

		 	 Name:

		 	 Title:

	
	 J. C. PENNEY PROPERTIES, INC.

		
	 By:
	 	  

		 	 Name:

		 	 Title:

  

 EXHIBIT A 

[Form of] 
 ADDITIONAL TERM
LOAN/NOTES SECURED PARTY CONSENT 
 [Name of Future Term Loan/Notes Secured Party] 

[Address of Future Term Loan/Notes Secured Party] 

[Date] 
  

			
	  
	  	
	  
	  	
	  
	  	
	  
	  	

 The undersigned is the Authorized Representative for Persons wishing to become Term Loan/Notes Secured Parties
(the “New Secured Parties”) under that certain Pari Passu Intercreditor Agreement (the “Pari Passu Intercreditor Agreement”), dated as of June 23, 2016, among Wilmington Trust, National Association, as
Collateral Agent, JPMorgan Chase Bank, N.A., as the Term Loan Authorized Representative and Wilmington Trust, National Association, as the Notes Authorized Representative, and acknowledged by J. C. Penney Corporation and the other grantors
party thereto (the “Grantors”). Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed thereto in the Pari Passu Intercreditor Agreement. 

In consideration of the foregoing, the undersigned hereby: 

(i) represents that the Authorized Representative has been duly authorized by the New Secured Parties to become a party to the
Pari Passu Intercreditor Agreement on behalf of the New Secured Parties under that [DESCRIBE OPERATIVE AGREEMENT] (the “New Secured Obligation”) and to act as the Authorized Representative for the New Secured Parties; 

(ii) acknowledges that the New Secured Parties have received a copy of the Pari Passu Intercreditor Agreement [and the ABL
Intercreditor Agreement/Junior Priority Intercreditor Agreement]1; 

(iii) appoints and authorizes the Collateral Agent to take such action as agent on its behalf and on behalf of all other Term
Loan/Notes Secured Parties and to exercise such powers under the Pari Passu Intercreditor Agreement, the Other Intercreditor Agreements and the Term Loan/Notes Security Documents as are delegated to the Collateral Agent by the terms thereof,
together with all such powers as are reasonably incidental thereto; 
  

 

	1 	 Include references to each Other Intercreditor Agreement then in effect.

 (iv) accepts and acknowledges the terms of the Pari Passu Intercreditor Agreement
applicable to it and the New Secured Parties and agrees to serve as Authorized Representative for the New Secured Parties with respect to the New Secured Obligation and agrees on its own behalf and on behalf of the New Secured Parties to be bound by
the terms thereof applicable to holders of “Future Term Loan/Notes Secured Obligations”, with all the rights and obligations of a Term Loan/Notes Secured Party thereunder and bound by all the provisions thereof as fully as if it had been a
Term Loan/Notes Secured Party on the effective date of the Pari Passu Intercreditor Agreement and agrees that its address for receiving notices pursuant to the Pari Passu Intercreditor Agreement shall be as follows: 

[Address] 

(v) accepts and acknowledges the terms of each Other Intercreditor Agreement applicable to it and the New Secured Parties,
confirms the authority of the Collateral Agent to enter into such agreements on its behalf and on behalf of the New Secured Parties and agrees on its own behalf and on behalf of the New Secured Parties to be bound by the terms thereof applicable to
it and the New Secured Parties as fully as if it had been a party to each such agreement. 
 [The New Secured Obligation is hereby
designated as the “Term Loan Agreement for purposes of the Pari Passu Intercreditor Agreement.] 
 The Collateral Agent, by
acknowledging and agreeing to this Future Term Loan/Notes Secured Party Consent, accepts the appointment set forth in clause (iii) above. 

Each Grantor hereby grants (and hereby confirms its prior grant of) to the Collateral Agent, for the benefit of the Term Loan/Notes Secured
Parties, a security interest in and continuing lien on all of such Grantor’s right, title and interest in, to and under all Collateral of such Grantor, including the “Collateral” as defined in the Security Agreement, in each case
whether now or hereafter existing or in which any Grantor now has or hereafter acquires an interest and wherever the same may be located. Each Grantor hereby authorizes the Collateral Agent to file financing statements in any jurisdiction and with
any filing offices as the Collateral Agent or the Applicable Authorized Representative may determine are necessary or advisable to perfect or otherwise protect the security interest granted to the Collateral Agent herein. Such financing statements
may describe the Collateral in the same manner as described in the applicable Term Loan/Notes Security Document or may contain an indication or description of collateral that describes such property in any other manner as the Collateral Agent or the
Applicable Authorized Representative may determine is necessary, advisable or prudent to ensure the perfection of the security interest in the Collateral granted to the Collateral Agent herein, including, without limitation, describing such property
as “all assets, whether now owned or hereafter acquired, developed or created” or words of similar effect. 

 THIS ADDITIONAL TERM LOAN/NOTES SECURED PARTY CONSENT SHALL BE GOVERNED BY, AND SHALL BE
CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

 IN WITNESS WHEREOF, the undersigned has caused this Future Term Loan/Notes Secured Party Consent
to be duly executed by its authorized officer as of the             day of 20        . 

 

			
	 [NAME OF AUTHORIZED REPRESENTATIVE]

		
	 By:
	 	  

		 	 Name:

		 	 Title:

 Acknowledged and Agreed 

WILMINGTON TRUST, NATIONAL ASSOCIATION, 
 as Collateral Agent 

 

			
	 By:
	 	  

		 	 Name:

		 	 Title:

	
	 [Acknowledged and Agreed

	 [
            ],

	 as former Term Loan Authorized Agent

		
	 By:
	 	  

		 	 Name:

		 	 Title:]2

	
	 [GRANTORS]

		
	 By:
	 	  

		 	 Name:

		 	 Title:

  
 2 To be included if the New Secured Obligation is being designated as the “Term Loan Agreement” for purposes of the Pari Passu Intercreditor Agreement. 

 EXHIBIT B 

[FORM OF] 
 JUNIOR PRIORITY
INTERCREDITOR AGREEMENT 
 JUNIOR PRIORITY INTERCREDITOR AGREEMENT, dated as of
[            ] [    ], 20[    ], among WILMINGTON TRUST, NATIONAL ASSOCIATION in its capacity as “Collateral Agent” under the First Lien
Pari Passu Intercreditor Agreement (as defined below) (together with its successors as Collateral Agent, the “First Lien Representative”), as Representative for the First Lien Secured Parties (as defined below), and
[            ] (together with its successors as “Collateral Agent” under the Second Lien Pari Passu Intercreditor Agreement, the “Junior Lien Representative”), as
Representative for the Junior Lien Secured Parties (as defined below). Capitalized terms used herein but not otherwise defined herein have the meanings set forth in Section 1 below. 

A. J. C. PENNEY CORPORATION, INC., a Delaware corporation (the “Company”), is party to the Amended and Restated Credit and
Guaranty Agreement, dated as of June 23, 2016 (as amended, restated, supplemented, waived, Refinanced or otherwise modified from time to time including without limitation to add new loans thereunder or increase the amount of commitments
thereunder, the “Term Loan Agreement”), among the Company, the guarantors party thereto, the lenders party thereto from time to time and JPMorgan Chase Bank, N.A., as administrative agent (together with its successors in such
capacity under the Term Loan Agreement, the “Term Loan Agent”). 
 B. The Company is party to the Indenture dated as of
June 23, 2016 among the Company, the guarantors identified therein and Wilmington Trust, National Association, as First Lien Trustee (as amended, restated, supplemented, waived, Refinanced or otherwise modified from time to time, the
“First Lien Indenture”) pursuant to which the Company has issued its 5.875% Senior Secured Notes due 2023. 
 C. [Describe
document governing initial Junior Lien Obligations]1 
 D. Pursuant to the First Lien
Pari Passu Intercreditor Agreement, the Term Loan Agent and the First Lien Trustee have appointed, and, if any additional Series of First Lien Obligations have been or are hereinafter established, one or more additional First Lien Authorized
Representatives for the holders of additional Series of First Lien Obligations will appoint, the First Lien Representative to hold Liens for the benefit of the First Lien Secured Parties under the First Lien Documents and to bind such First Lien
Secured Parties by the terms of this Agreement; 
 E. Pursuant to the Junior Lien Pari Passu Intercreditor Agreement,
[            ] [and [            ]2] [has] [have] appointed, and, if any
additional Series (as defined in the Junior Lien Pari Passu Intercreditor Agreement) of Junior Lien Obligations are established following the date hereof, one or more additional Junior Lien Authorized Representatives for the holders of additional
Series of Junior Lien Obligations will appoint, the Junior Lien Representative to hold Liens for the benefit of the Junior Lien Secured Parties under the Junior Lien Documents and to bind such Junior Lien Secured Parties by the terms of this
Agreement. 
  

	1 	To be updated as appropriate. 

	2 	Insert if applicable. 

 Accordingly, in consideration of the foregoing, the mutual covenants and obligations herein set
forth and for other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows: 

SECTION 1. Definitions. 

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

“ABL Intercreditor Agreement” shall mean that certain Intercreditor and Collateral Cooperation Agreement, dated as of
June 23, 2016, among Wells Fargo Bank, National Association, as representative for the First Priority Secured Parties (as defined therein), the First Lien Representative, as representative for the First Lien Secured Parties and the Junior Lien
Representative, as representative for the Junior Lien Secured Parties, and certain other persons party or that may become party thereto from time to time, and consented to by the Company and the grantors identified therein, as amended, restated,
supplemented or otherwise modified from time to time. 
 “ABL Priority Collateral” shall have the meaning given such term
in the ABL Intercreditor Agreement. 
 “Agreement” shall mean this Junior Priority Intercreditor Agreement, as amended,
renewed, extended, supplemented or otherwise modified from time to time in accordance with the terms hereof. 
 “Bankruptcy
Code” means Title 11 of the United States Code, as amended. 
 “Bankruptcy Law” shall mean the Bankruptcy Code and
any similar Federal, state or foreign law for the relief of debtors. 
 “Business Day” means each day that is not a
Saturday, Sunday or other day on which banking institutions in New York, New York, United States or the jurisdiction of the place of payment are authorized or required by law to close. 

“Collateral” shall mean all of the assets of any Grantor, whether real, personal or mixed, constituting both First Lien
Collateral and Junior Lien Collateral including, without limitation, any assets on which the First Lien Representative is automatically deemed to have a Lien pursuant to the provisions of Section 2.3. 

“Company” shall have the meaning set forth in the recitals. 

“Comparable Junior Lien Security Document” shall mean, in relation to any Collateral subject to any Lien created under any
First Lien Document, each Junior Lien Security Document that creates a Lien on the same Collateral, granted by the same Grantor. 

“Controlled Accounts” shall have the meaning set forth in Section 5.5(b). 

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

“Discharge of First Lien Obligations” shall mean, except to the extent otherwise provided in Section 5.7, payment
in full in cash (except for contingent indemnities and cost and reimbursement obligations to the extent no claim has been made) of all First Lien Obligations and, with respect to 

  
 -2- 

 
letters of credit or letter of credit guaranties outstanding under the First Lien Documents, delivery of cash collateral or backstop letters of credit in respect thereof in a manner consistent
with the applicable First Lien Documents and otherwise reasonably satisfactory to the First Lien Representative, in each case after or concurrently with the termination of all commitments to extend credit thereunder and the termination of all
commitments of the First Lien Secured Parties under the First Lien Documents; provided that the Discharge of First Lien Obligations shall not be deemed to have occurred if such payments are made with the proceeds of other First Lien
Obligations that constitute an exchange or replacement for or a Refinancing of such Obligations or First Lien Obligations. 
 “First
Lien Authorized Representatives” means the Term Loan Agent, the First Lien Trustee and each other “Authorized Representative” (as defined in the First Lien Pari Passu Intercreditor Agreement) that becomes a party to the First Lien
Pari Passu Intercreditor Agreement following the date hereof. 
 “First Lien Collateral” shall mean all of the assets of
any Grantor, whether real, personal or mixed, with respect to which a Lien is granted or purported to be granted as security for any First Lien Obligations pursuant to a First Lien Security Document. 

“First Lien Documents” shall have the meaning given to the term “Term Loan/Notes Documents” by the First Lien Pari
Passu Intercreditor Agreement. 
 “First Lien Indenture” shall have the meaning set forth in the recitals. 

“First Lien Obligations” shall have the meaning given to the term “Term Loan/Notes Secured Obligations” in the
First Lien Pari Passu Intercreditor Agreement. 
 “First Lien Pari Passu Intercreditor Agreement” shall mean the Pari Passu
Intercreditor Agreement, dated as of June 23, 2016 and as the same may be amended, restated, amended and restated, supplemented or otherwise modified from time to time, by and among the Grantors, the First Lien Representative, the Term Loan
Agent, the First Lien Trustee and each other First Lien Authorized Representative from time to time party thereto. 
 “First Lien
Representative” has the meaning set forth in the introductory paragraph of this Agreement. 
 “First Lien Secured
Parties” shall mean the First Lien Representative, the First Lien Authorized Representatives and the holders from time to time of the First Lien Obligations. 

“First Lien Security Documents” shall have the meaning given to the term “Term Loan/Notes Security Documents” by
the First Lien Pari Passu Intercreditor Agreement. 
 “First Lien Trustee” shall mean Wilmington Trust, National
Association, in its capacity as trustee under the First Lien Indenture, and its permitted successors. 
 “First Priority
Liens” shall mean Liens securing the First Lien Obligations, which Liens are superior and prior in priority to the Liens securing the Junior Lien Obligations. 

“Grantor Joinder Agreement” means a supplement to this Agreement substantially in the form of Annex I, appropriately
completed. 

  
 -3- 

 “Grantors” shall mean Holdings, the Company and each other Subsidiary or direct
or indirect parent company of the Company which has granted a security interest pursuant to any First Lien Security Document to secure any Series of First Lien Obligations. 

“Holdings” shall mean J. C. Penney Company, Inc., a Delaware corporation. 

“Insolvency or Liquidation Proceeding” shall mean: 

(1) any case commenced by or against the Company or any other Grantor under any Bankruptcy Law, any other proceeding for the
reorganization, receivership, recapitalization or adjustment or marshalling of the assets or liabilities of the Company or any other Grantor or its assets, any receivership or assignment for the benefit of creditors relating to the Company or any
other Grantor or its assets or any similar case or proceeding relative to the Company or any other Grantor or its creditors or its assets, as such, in each case whether or not voluntary; 

(2) any liquidation, dissolution, marshalling of assets or liabilities, assignment for the benefit of creditors or other
winding up of or relating to the Company or any other Grantor or its assets, in each case whether or not voluntary and whether or not involving bankruptcy or insolvency and whether or not in a court supervised proceeding; or 

(3) any other proceeding of any type or nature in which substantially all claims of creditors of the Company or any other
Grantor are determined and any payment or distribution is or may be made on account of such claims. 
 “Junior Lien Authorized
Representative” means each “Authorized Representative” as defined in the Junior Lien Pari Passu Intercreditor Agreement. 

“Junior Lien Collateral” shall mean all of the assets of any Grantor, whether real, personal or mixed, with respect to which
a Lien is granted or purported to be granted as security for any Junior Lien Obligations pursuant to a Junior Lien Security Document. 

“Junior Lien Documents” shall have the meaning given to such term by the Junior Lien Pari Passu Intercreditor Agreement. 

“Junior Lien Obligations” shall have the meaning given to the term “Junior Priority Secured Obligations” in the
Junior Lien Pari Passu Intercreditor Agreement. 
 “Junior Lien Pari Passu Intercreditor Agreement” means the pari passu
intercreditor agreement, dated as of the date hereof, entered into by and among the Junior Lien Representative and one or more Junior Lien Authorized Representatives pursuant to which, among other things, the Junior Lien Secured Parties (or one or
more Junior Lien Authorized Representatives on behalf of such Junior Lien Secured Parties) have authorized and directed the Junior Lien Representative to enter into this Agreement on behalf of the Junior Lien Secured Parties and to bind them hereby.

 “Junior Lien Representative” has the meaning set forth in the introductory paragraph of this Agreement . 

“Junior Lien Secured Parties” shall mean the Junior Lien Representative, the Junior Lien Authorized Representatives and the
holders from time to time of the Junior Lien Obligations. 

  
 -4- 

 “Junior Lien Security Documents” shall have the meaning given to the term
“Junior Priority Security Documents” (or like term) in the Junior Lien Pari Passu Intercreditor Agreement. 
 “Junior
Liens” shall mean the Liens securing the Junior Lien Obligations. 
 “Lien” shall mean, with respect to any asset,
any mortgage, deed of trust, lien, pledge, hypothecation, encumbrance, charge or security interest in, on or of such asset. 

“Non-Conforming Plan of Reorganization” shall mean any Plan of Reorganization which grants the Junior Lien Representative or
any Junior Lien Secured Party any right or benefit, directly or indirectly, which right or benefit is inconsistent with the terms of this Agreement or prohibited at such time by the provisions of this Agreement. 

“Obligations” shall mean any principal, interest (including any interest accruing subsequent to the filing of a petition in
bankruptcy, reorganization or similar proceeding at the rate provided for in the documentation with respect thereto, whether or not such interest is an allowed claim under applicable state, federal or foreign law), premium, penalties, fees,
indemnifications, reimbursements (including reimbursement obligations with respect to letters of credit and banker’s acceptances), damages and other liabilities, and guarantees of payment of such principal, interest, penalties, fees,
indemnifications, reimbursements, damages and other liabilities, payable under the documentation governing any indebtedness. 

“Payment Discharge” shall have the meaning set forth in Section 5.1(a). 

“Person” shall mean any natural person, corporation, limited liability company, trust, joint venture, association, company,
partnership, entity or other party, including any government and any political subdivision, agency or instrumentality thereof. 

“Plan of Reorganization” shall mean any plan of reorganization, plan of liquidation, agreement for composition, or other type
of plan of arrangement proposed in or in connection with any Insolvency or Liquidation Proceeding. 
 “Pledged Collateral”
shall mean the Collateral in the possession or control of the First Lien Representative (or its agents or bailees), in accordance with the terms of the First Lien Pari Passu Intercreditor Agreement, to the extent that possession or control thereof
perfects a Lien thereon under the UCC. 
 “Recovery” shall have the meaning set forth in Section 6.3. 

“Refinance” shall mean, in respect of any indebtedness, to refinance, extend, renew, defease, amend, increase, modify,
supplement, restructure, refund, replace or repay, or to issue other indebtedness or enter alternative financing arrangements, in exchange for or replacement of such indebtedness, including by adding or replacing lenders, creditors, agents,
borrowers and/or guarantors, and including in each case, but not limited to, after the original instrument giving rise to such indebtedness has been terminated. “Refinanced” and “Refinancing” shall have correlative
meanings. 
 “Representative” shall mean each of the First Lien Representative and the Junior Lien Representative. 

“Series” shall have the meaning given to such term by the First Lien Pari Passu Intercreditor Agreement. 

  
 -5- 

 “Subsidiary” shall mean any “Subsidiary” of the Company as defined in
the First Lien Indenture. 
 “Term Loan Agent” shall have the meaning set forth in the recitals. 

“Term Loan Agreement” shall have the meaning set forth in the recitals. 

“UCC” shall mean the Uniform Commercial Code as from time to time in effect in the State of New York. 

1.2. Terms Generally. The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined.
Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,” “includes” and “including” shall be deemed to be followed by the phrase
“without limitation.” The word “will” shall be construed to have the same meaning and effect as the word “shall.” Unless the context requires otherwise (a) any definition of or reference to any agreement,
instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified in accordance with this Agreement, (b) any reference herein to
any Person shall be construed to include such Person’s successors and assigns, (c) the words “herein,” “hereof” and “hereunder,” and words of similar import, shall be construed to refer to this Agreement in
its entirety and not to any particular provision hereof, (d) all references herein to Sections shall be construed to refer to Sections of this Agreement and (e) the words “asset” and “property” shall be construed to
have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights. 

SECTION 2. Lien Priorities. 

2.1. Subordination of Liens. Notwithstanding (i) the date, time, method, manner or order of filing or recordation of any document
or instrument or grant, attachment or perfection of any Liens granted to the Junior Lien Representative or any Junior Lien Secured Party on the Collateral or of any Liens granted to the First Lien Representative or any First Lien Secured Party on
the Collateral (or any actual or alleged defect or deficiency in any of the foregoing or any avoidance, invalidation or subordination by any third party or court of competent jurisdiction of any or all of the security interests in the Collateral),
(ii) any provision of the UCC, the Bankruptcy Code, any applicable law, any Junior Lien Documents or the First Lien Documents, (iii) whether the First Lien Representative, either directly or through agents, holds possession of, or has
control over, all or any part of the Collateral, (iv) the fact that any such Liens may be subordinated, voided, avoided, invalidated or lapsed or (v) any other circumstance of any kind or nature whatsoever, the Junior Lien Representative,
on behalf of itself and each Junior Lien Secured Party under its Junior Lien Documents, hereby agrees that: (a) any Lien on the Collateral securing any First Lien Obligations now or hereafter held by or on behalf of the First Lien
Representative or any First Lien Secured Parties or any agent or trustee therefor regardless of how acquired, whether by grant, statute, operation of law, subrogation or otherwise, shall have priority over and be senior in all respects and prior to
any Lien on the Collateral securing any Junior Lien Obligations and (b) any Lien on the Collateral securing any Junior Lien Obligations now or hereafter held by or on behalf of the Junior Lien Representative or any Junior Lien Secured Party or
any agent or trustee therefor regardless of how acquired, whether by grant, statute, operation of law, subrogation or otherwise, shall be junior and subordinate in all respects to all Liens on the Collateral securing any First Lien Obligations. All
Liens on the Collateral securing any First Lien Obligations shall be and remain senior in all respects and prior to all Liens on the Collateral securing any Junior Lien Obligations for all purposes, whether or not such Liens securing any First Lien
Obligations are subordinated to any Lien securing any other obligation of the Company, any other Grantor or any other Person. The Junior Lien Representative, for itself and on behalf 

  
 -6- 

 
of the Junior Lien Secured Parties, expressly agrees that any Lien purported to be granted on any Collateral as security for the First Lien Obligations shall be deemed to be, and shall be deemed
to remain, senior in all respects and prior to all Liens on the Collateral securing any Junior Lien Obligations for all purposes regardless of whether any Lien purported to be granted is found to be improperly granted, improperly perfected,
preferential, a fraudulent conveyance or fraudulent transfer or legally or otherwise deficient in any manner. 
 2.2. Prohibition on
Contesting Liens. The Junior Lien Representative, for itself and on behalf of each Junior Lien Secured Party, agrees that (a) it shall not (and hereby waives any right to) take any action to contest, or support any other Person in
contesting, directly or indirectly, in any proceeding (including any Insolvency or Liquidation Proceeding), the validity, extent, perfection, priority or enforceability of a Lien securing, or the allowability of any claim asserted with respect to,
any First Lien Obligations held (or purported to be held) by or on behalf of the First Lien Representative or any of the First Lien Secured Parties or any agent or trustee therefor in any First Lien Collateral or Collateral and (b) none of them
will oppose or otherwise contest (or support any Person contesting) any other request for judicial relief made in any court by the First Lien Representative or any First Lien Secured Party relating to the lawful enforcement of any First Priority
Lien on Collateral or First Lien Collateral. The First Lien Representative, for itself and on behalf of each First Lien Secured Party, agrees that it shall not (and hereby waives any right to) take any action to contest, or support any other Person
in contesting, directly or indirectly, in any proceeding (including any Insolvency or Liquidation Proceeding), the validity, extent, perfection, priority or enforceability of a Lien securing, or the allowability of any claim asserted with respect
to, any Junior Lien Obligations held (or purported to be held) by or on behalf of the Junior Lien Representative or any Junior Lien Secured Party on the Collateral; provided, however, that nothing in this Agreement shall be construed
to prevent or impair the rights of the First Lien Representative or any First Lien Secured Parties to enforce this Agreement (including the priority of the Liens securing the First Lien Obligations as provided in Section 2.1) or any of
the First Lien Documents. 
 2.3. No New Liens. So long as the Discharge of First Lien Obligations has not occurred, the parties
hereto agree that, after the date hereof, none of Holdings, the Company or any other Subsidiary shall grant or permit any additional Liens on any asset or property of such Person to secure any Junior Lien Obligations unless it has granted, or
concurrently therewith grants, a Lien on such asset or property to secure the First Lien Obligations. If the Junior Lien Representative or any Junior Lien Secured Party shall (nonetheless and in breach hereof) acquire or hold any Lien on any assets
or property of Holdings, the Company or any other Subsidiary securing the Junior Lien Obligations that is not also subject to the First Priority Lien in respect of the First Lien Obligations under the First Lien Documents, then the Junior Lien
Representative or such Junior Lien Secured Party, without the need for any further consent of any party and notwithstanding anything to the contrary in any other agreement, document or instrument, (i) shall notify the First Lien Representative
promptly upon becoming aware thereof and, unless Holdings, the Company or any other Subsidiary, as applicable, shall promptly grant a similar Lien on such assets or property to the First Lien Representative as security for the First Lien
Obligations, and must assign such Lien to the First Lien Representative as security for the First Lien Obligations (but may retain a junior lien on such assets or property subject to the terms of this Agreement) and (ii) until such assignment
or such grant of a similar Lien to the First Lien Representative, will be deemed to hold and have held such Lien for the benefit of the First Lien Representative as security for the First Lien Obligations. Any amounts received or distributed to the
Junior Lien Representative pursuant to or as a result of any Lien granted in contravention of this Section 2.3 shall be subject to the provisions of Section 4.2. 

2.4. Perfection of Liens. Except as expressly set forth in Section 5.5 hereof, neither the First Lien Representative nor any First
Lien Secured Party shall be responsible for perfecting and maintaining the perfection of Liens with respect to the Collateral for the benefit of the Junior Lien Representative or any Junior Lien Secured Parties. Neither the Junior Lien
Representative nor any Junior Lien 

  
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Secured Party shall be responsible for perfecting and maintaining the perfection of Liens with respect to the Collateral for the benefit of the First Lien Representative or any First Lien Secured
Parties. The provisions of this Agreement are intended to govern the respective Lien priorities as between the First Lien Secured Parties and the Junior Lien Secured Parties and shall not impose on the First Lien Representative, the Junior Lien
Representative, the Junior Lien Secured Parties or the First Lien Secured Parties or any agent or trustee therefor any obligations in respect of the disposition of proceeds of any Collateral which would conflict with prior perfected claims therein
in favor of any other Person or any order or decree of any court or governmental authority or any applicable law. 
 SECTION 3.
Enforcement. 
 3.1. Exercise of Remedies, Etc. 

(a) So long as the Discharge of First Lien Obligations has not occurred, whether or not any Insolvency or Liquidation Proceeding has been
commenced by or against the Company or any other Grantor, (i) neither the Junior Lien Representative nor any Junior Lien Secured Party will (x) exercise or enforce or seek to exercise or enforce any rights or remedies (including setoff,
recoupment and the right to credit bid debt (except as set forth in Section 3.1(f) below)) with respect to any Collateral securing both the First Lien Obligations and any Junior Lien Obligations in respect of any applicable Junior Lien
Obligations, or institute any action or proceeding with respect to such rights or remedies (including any action of foreclosure), (y) contest, protest or otherwise object to any foreclosure or enforcement proceeding or action brought with
respect to the Collateral or any other collateral by the First Lien Representative or any First Lien Secured Party in respect of the First Lien Obligations, the exercise of any right by the First Lien Representative or any First Lien Secured Party
(or any agent or sub-agent on their behalf) in respect of the First Lien Obligations under any lockbox agreement, control agreement, landlord waiver or bailee’s letter or similar agreement or arrangement to which the First Lien Representative
or any First Lien Secured Party either is a party or may have rights as a third-party beneficiary, the Junior Lien Representative or any Junior Lien Secured Party either is a party or may have rights as a third party beneficiary, or any other
exercise by any such party of any rights and remedies as a secured party relating to the Collateral or any other collateral under the First Lien Documents or otherwise in respect of First Lien Obligations, or (z) object to any waiver or
forbearance by the First Lien Secured Parties from or in respect of bringing or pursuing any foreclosure proceeding or action or any other exercise of any rights or remedies relating to the Collateral or any other collateral in respect of First Lien
Obligations and (ii) as between the First Lien Representative or First Lien Secured Parties, on one hand, and the Junior Lien Representative or any Junior Lien Secured Party, on the other hand, the First Lien Representative (or any person
authorized by it) and the First Lien Secured Parties shall have the sole and exclusive right to enforce rights, exercise remedies (including setoff, recoupment and the right to credit bid their debt), marshal, process and make determinations
regarding the release, disposition or restrictions, or waiver or forbearance of rights or remedies with respect to the Collateral and will also have the exclusive right to determine and direct the time, method and place for exercising such right or
remedies or conducting any proceeding with respect thereto, in each case, without any consultation with or the consent of the Junior Lien Representative or any Junior Lien Secured Party; provided, however, that (A) in any
Insolvency or Liquidation Proceeding commenced by or against the Company or any other Grantor, the Junior Lien Representative or any Junior Lien Secured Party may file a claim, proof of claim or statement of interest with respect to the Junior Lien
Obligations, (B) the Junior Lien Representative or any Junior Lien Secured Party may take any action (not adverse to the prior Liens on the Collateral securing the First Lien Obligations or the rights of the First Lien Representative or the
First Lien Secured Parties to exercise remedies in respect thereof) in order to create, prove, perfect, preserve or protect (but not enforce) its rights in, and perfection and priority of its Lien on, the Collateral, (C) to the extent not
otherwise inconsistent with or prohibited by the this Agreement, the Junior Lien Representative or the Junior Lien Secured Parties may exercise their rights and remedies as unsecured creditors, solely to the extent provided, and as limited,

  
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herein, (D) the Junior Lien Representative or the Junior Lien Secured Parties may exercise the rights and remedies provided for in this Agreement with respect to seeking adequate protection
in an Insolvency or Liquidation Proceeding, and (E) the Junior Lien Representative or the Junior Lien Secured Parties may file any necessary or appropriate 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 or Liens of the Junior Lien Representative or the Junior Lien Secured Parties, including any claims secured by the Collateral, in each
case (A) through (E) above to the extent such action is not prohibited by, inconsistent with, or could not result in a resolution inconsistent with, the terms of this Agreement. In exercising rights and remedies with respect to the First
Lien Collateral or Collateral, the First Lien Representative and the First Lien Secured Parties may enforce the provisions of the First Lien Documents and exercise any one or more of its or their rights and remedies thereunder, all in such order and
in such manner as they may determine in the exercise of their sole discretion. Such exercise and enforcement shall include the rights of an agent appointed by them to sell or otherwise dispose of Collateral or other collateral upon foreclosure, to
incur expenses in connection with such sale or disposition, and to exercise all the rights and remedies of a secured lender under the Uniform Commercial Code of any applicable jurisdiction and of a secured creditor under Bankruptcy Laws of any
applicable jurisdiction. 
 (b) So long as the Discharge of First Lien Obligations has not occurred, the Junior Lien Representative, on
behalf of itself and each Junior Lien Secured Party, agrees that it will not take or receive any Collateral or any proceeds of Collateral in connection with the exercise of any right or remedy or otherwise in an Insolvency or Liquidation Proceeding
(including set off, recoupment or the right to credit bid debt (except as set forth in Section 3.1(f) below)) with respect to any Collateral in respect of the applicable Junior Lien Obligations. Without limiting the generality of the
foregoing, unless and until the Discharge of First Lien Obligations has occurred, except as expressly provided in the proviso in clause (ii) of Section 3.1(a), the sole right of the Junior Lien Representative and the Junior
Lien Secured Parties with respect to the Collateral is to hold a Lien on the Collateral in respect of the applicable Junior Lien Obligations pursuant to the Junior Lien Documents, as applicable, for the period and to the extent granted therein and
to receive a share of the proceeds thereof, if any, after the Discharge of First Lien Obligations has occurred. 
 (c) Subject to the proviso
in clause (ii) of Section 3.1(a), (i) the Junior Lien Representative, for itself and on behalf of each Junior Lien Secured Party, agrees that neither the Junior Lien Representative nor any Junior Lien Secured Party will
take any action that would hinder any exercise of remedies undertaken by the First Lien Representative or the First Lien Secured Parties with respect to the Collateral, the First Lien Collateral or any other collateral under the First Lien
Documents, including any sale, lease, exchange, transfer or other disposition of the Collateral, the First Lien Collateral or such other collateral, whether by foreclosure or otherwise, and (ii) the Junior Lien Representative, for itself and on
behalf of each Junior Lien Secured Party, hereby waives any and all rights it or any Junior Lien Secured Party may have as a junior lien creditor or otherwise to object to the manner in which the First Lien Representative or any First Lien Secured
Party seeks to enforce or collect the First Lien Obligations or the Liens granted in any of the First Lien Collateral or Collateral, regardless of whether any action or failure to act by or on behalf of the First Lien Representative or First Lien
Secured Party is adverse to the interests of the Junior Lien Secured Parties. 
 (d) The Junior Lien Representative and each Junior Lien
Secured Party hereby acknowledge and agree that no covenant, agreement or restriction contained in any applicable Junior Lien Document shall be deemed to restrict in any way the rights and remedies of the First Lien Representative or any First Lien
Secured Parties with respect to the First Lien Collateral or Collateral as set forth in this Agreement and the First Lien Documents. 

  
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 (e) So long as the Discharge of First Lien Obligations has not occurred, neither the Junior Lien
Representative nor any other Junior Lien Secured Party may assert or enforce any right of marshalling accorded to a junior lienholder, as against the First Lien Representative or any First Lien Secured Party (in their capacity as priority
lienholders). 
 (f) Section 3.1 hereof shall not be construed to in any way limit or impair the right of any Junior Lien Secured
Party from exercising a credit bid with respect to the Junior Lien Obligations in a sale or other disposition of Collateral under Section 363(k) of the Bankruptcy Code or any similar provision of any Bankruptcy Law, provided that in
connection with and immediately after giving effect to such sale and credit bid there occurs a Discharge of First Lien Obligations. 
 3.2.
Cooperation. Subject to the proviso in clause (ii) of Section 3.1(a), the Junior Lien Representative, on behalf of itself and each Junior Lien Secured Party, agrees that, unless and until the Discharge of First Lien
Obligations has occurred, it will not commence, or join with any Person (other than the First Lien Secured Parties and the First Lien Representative upon the request thereof) in commencing, any enforcement, collection, execution, levy or foreclosure
action or proceeding with respect to any Lien held by it in the Collateral or any other collateral under any of the applicable Junior Lien Documents or otherwise in respect of the applicable Junior Lien Obligations. 

SECTION 4. Payments. 

4.1. Application of Proceeds. Subject to the terms of the First Lien Pari Passu Intercreditor Agreement and the ABL Intercreditor
Agreement, so long as the Discharge of First Lien Obligations has not occurred, the Collateral or proceeds thereof received in connection with the sale or other disposition of, or collection on, such Collateral upon the exercise of rights or
remedies or any transfer or disposition in lieu thereof as a secured party, shall be applied by the First Lien Representative to the First Lien Obligations prior to application to any Junior Lien Obligations, in such order as specified in the First
Lien Pari Passu Intercreditor Agreement and in the relevant First Lien Documents until the Discharge of First Lien Obligations has occurred. Upon the Discharge of First Lien Obligations, subject to the proviso of Section 5.1(a)(y) and
subject to Section 5.7 hereof, the First Lien Representative shall deliver promptly to the Junior Lien Representative any Collateral or proceeds thereof held by it in the same form as received, with any endorsements reasonably requested
by the Junior Lien Representative or as a court of competent jurisdiction may otherwise direct. 
 4.2. Payments Over. Any Collateral
or First Lien Collateral or proceeds thereof received by the Junior Lien Representative or any Junior Lien Secured Party in connection with the exercise of any right or remedy (including set off, recoupment or credit bid) or in any Insolvency or
Liquidation Proceeding relating to the Collateral not expressly permitted by this Agreement or prior to the Discharge of First Lien Obligations shall be segregated and held in trust for the benefit of and forthwith paid over to the First Lien
Representative in the same form as received, with any necessary endorsements or as a court of competent jurisdiction may otherwise direct. The First Lien Representative is hereby authorized to make any such endorsements as agent for the Junior Lien
Representative or any such Junior Lien Secured Party. This authorization is coupled with an interest and is irrevocable. 

  
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 SECTION 5. Other Agreements. 

5.1. Releases. 
 (a)
(x) If at any time any Grantor or any First Lien Secured Party delivers notice to the Junior Lien Representative with respect to any specified Collateral (including for such purpose, in the case of the sale or other disposition of all or
substantially all of the equity interests in any Subsidiary, any Collateral held by such Subsidiary or any direct or indirect Subsidiary thereof) that: 

(A) such specified Collateral has been or is being sold, leased, exchanged, transferred or otherwise disposed of by the owner
of such Collateral in a transaction permitted under the First Lien Documents and the Junior Lien Documents; or 
 (B) the
First Priority Liens thereon have been or are being released in connection with the release of a Subsidiary from its guarantee under all of the First Lien Documents or 

(C) the First Priority Liens thereon have been or are being otherwise released as permitted by the First Lien Documents or by
the First Lien Representative on behalf of the First Lien Secured Parties (unless, in the case of clause (B) or (C) of this Section 5.1(a)(x), such release occurs in connection with, and after giving effect to, a
Discharge of First Lien Obligations, which discharge is not in connection with a foreclosure of, or other exercise of remedies with respect to, Collateral by the First Lien Secured Parties (such discharge not in connection with any such foreclosure
or exercise of remedies, a “Payment Discharge”)), 
 then the Junior Liens upon such Collateral will automatically be released and
discharged as and when, but only to the extent, such Liens on such Collateral securing First Lien Obligations are released and discharged (provided that in the case of any release of Collateral not pursuant to a Payment Discharge, the Liens
on any Collateral disposed of in connection with the satisfaction in whole or in part of First Lien Obligations shall be automatically released but any proceeds thereof not used for purposes of the Discharge of First Lien Obligations or otherwise in
accordance with the First Lien Documents shall be subject to Junior Liens and shall be applied pursuant to Section 4.1). Upon delivery to the Junior Lien Representative of a notice from the First Lien Representative stating that any such
release of Liens securing or supporting the First Lien Obligations has become effective (or shall become effective upon the Junior Lien Representative’s release), the Junior Lien Representative will promptly, at the Company’s expense,
execute and deliver such instruments, releases, termination statements or other documents confirming such release on customary terms, which instruments, releases and termination statements shall be substantially identical to the comparable
instruments, releases and termination statements executed by the First Lien Representative in connection with such release. In the case of the sale of capital stock of a Subsidiary or any other transaction resulting in the release of such
Subsidiary’s guarantee under the First Lien Documents in accordance with the First Lien Documents, the guarantee in favor of the Junior Lien Secured Parties, if any, made by such Subsidiary will automatically be released and discharged as and
when, but only to the extent, the guarantee by such Subsidiary of all First Lien Obligations is released and discharged. 
 (y) In the event
of a Payment Discharge, the Junior Liens on Collateral owned by the Company or a Grantor immediately after giving effect to such Payment Discharge shall become first-priority security interests (subject to the ABL Intercreditor Agreement and any
intercreditor agreements or arrangements among Junior Lien Secured Parties pursuant to Section 8.21 and subject to Liens permitted by the Junior Lien Documents); provided that if the Company or the Grantors incur at any time
thereafter any new or replacement First Lien Obligations permitted under the Junior Lien Documents, then the provisions of Section 5.7 shall apply as if a Refinancing of First Lien Obligations had occurred. 

(b) The Junior Lien Representative, for itself and on behalf of each Junior Lien Secured Party, hereby irrevocably constitutes and appoints the
First Lien Representative and any officer or agent of the First Lien Representative, with full power of substitution, as its true and lawful attorneys-in-fact with full irrevocable power and authority in the place and stead of the Junior Lien
Representative or such holder or in the First Lien Representative’s own name, from time to time in the First Lien Representative’s 

  
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discretion, for the purpose of carrying out the terms of this Section 5.1, to take any and all appropriate action and to execute any and all documents and instruments that may be
necessary or desirable to accomplish the purposes of this Section 5.1, including any termination statements, endorsements or other instruments of transfer or release. 

(c) Unless and until the Discharge of First Lien Obligations has occurred, the Junior Lien Representative for itself and on behalf of each
Junior Lien Secured Party, hereby consents to the application, whether prior to or after a default, of proceeds of Collateral or other collateral to the repayment of First Lien Obligations pursuant to the First Lien Documents (but subject to the
First Lien Pari Passu Intercreditor Agreement and the ABL Intercreditor Agreement). 
 5.2. Insurance. Unless and until the Discharge
of First Lien Obligations has occurred, as between the First Lien Representative or any First Lien Secured Party, on one hand, and the Junior Lien Representative or any Junior Lien Secured Party, on the other hand, the First Lien Representative and
the First Lien Secured Parties shall have the sole and exclusive right, to the extent permitted by the First Lien Documents and subject to the rights of the Grantors thereunder, to adjust settlement for any insurance policy covering the Collateral
in the event of any loss thereunder and to approve any award granted in any condemnation or similar proceeding affecting the Collateral. Subject to the First Lien Pari Passu Intercreditor Agreement and the ABL Intercreditor Agreement, unless and
until the Discharge of First Lien Obligations has occurred, all proceeds of any such policy and any such award if in respect of the Collateral shall be paid (a) first, until the occurrence of the Discharge of First Lien Obligations, to the
First Lien Representative for the benefit of the First Lien Secured Parties pursuant to the terms of the First Lien Documents, (b) second, after the occurrence of the Discharge of First Lien Obligations, to the Junior Lien Representative for
the benefit of the Junior Lien Secured Parties pursuant to the terms of the applicable Junior Lien Documents and (c) third, if no Junior Lien Obligations are outstanding, to the owner of the subject property, such other person as may be
entitled thereto or as a court of competent jurisdiction may otherwise direct. If the Junior Lien Representative or any Junior Lien Secured Party shall, at any time prior to the Discharge of First Lien Obligations, receive any proceeds of any such
insurance policy or any such award in contravention of this Agreement, such proceeds shall be segregated and held in trust for the benefit of the First Lien Representative and it shall forthwith pay such proceeds over to the First Lien
Representative in accordance with the terms of Section 4.2. 
 5.3. Amendments to Junior Lien Security Documents. 

(a) So long as the Discharge of First Lien Obligations has not occurred, without the prior written consent of the First Lien Representative, no
Junior Lien Security Document may be amended, supplemented or otherwise modified or entered into to the extent such amendment, supplement or modification, or the terms of any new Junior Lien Security Document, would be prohibited by or inconsistent
with any of the terms of this Agreement. The Junior Lien Representative agrees that each applicable Junior Lien Security Document shall include the following language (or language to similar effect approved by the First Lien Representative): 

“Notwithstanding anything herein to the contrary, the liens and security interests granted to [the Junior Lien Representative] pursuant to
this Agreement and the exercise of any right or remedy by [the Junior Lien Representative] hereunder are subject to the limitations and provisions of the Junior Priority Intercreditor Agreement, dated as of
[            ] [    ], 20[    ] (as amended, restated, supplemented or otherwise modified from time to time, the “Intercreditor
Agreement”) among Wilmington Trust, National Association, as Representative for the First Lien Secured Parties, and [            ], as Representative for the Junior Lien Secured
Parties, and certain other persons party or that may become party thereto from time to time, and consented to by J. C. Penney Corporation, Inc. and the other Grantors identified therein. In the event of any conflict between the terms of the
Intercreditor Agreement and the terms of this Agreement, the terms of the Intercreditor Agreement shall govern and control.” 

  
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 In addition, the Junior Lien Representative, on behalf of the Junior Lien Secured Parties, agrees that each
mortgage covering any Collateral shall contain such other language as the First Lien Representative may reasonably request to reflect the subordination of such mortgage to the First Lien Document covering such Collateral. 

(b) In the event that the First Lien Representative or any First Lien Secured Party enters into any amendment, waiver or consent in respect of
or replaces any of the First Lien Security Documents for the purpose of adding to, or deleting from, or waiving or consenting to any departures from any provisions of, any First Lien Security Document or changing in any manner the rights of the
First Lien Representative, the First Lien Secured Parties, the Company or any other Grantor thereunder (including the release of any Liens in Collateral in accordance with Section 5.1), then such amendment, waiver or consent shall apply
automatically to any comparable provision of each Comparable Junior Lien Security Document without the consent of the Junior Lien Representative or any Junior Lien Secured Party and without any action by the Junior Lien Representative, the Company
or any other Grantor; provided that such amendment, waiver or consent does not materially adversely affect the rights of the Junior Lien Secured Parties or the interests of the Junior Lien Secured Parties in the Collateral in a manner
materially different from that affecting the rights of the First Lien Secured Parties thereunder or therein. The First Lien Representative shall give written notice of such amendment, waiver or consent (along with a copy thereof) to the Junior
Lien Representative; provided that the failure to give such notice shall not affect the effectiveness of such amendment with respect to the provisions of any Junior Lien Security Document as set forth in this Section 5.3(b). 

5.4. Rights as Unsecured Creditors. The Junior Lien Representative and the Junior Lien Secured Parties may exercise rights and remedies
as an unsecured creditor against the Company or any Subsidiary that has guaranteed the Junior Lien Obligations in accordance with the terms of the applicable Junior Lien Documents and applicable law and to the extent not inconsistent with, or
prohibited by, the terms of this Agreement. Nothing in this Agreement shall prohibit the receipt by the Junior Lien Representative or any Junior Lien Secured Party of required payments of interest and principal so long as such receipt is not the
direct or indirect result of the exercise by the Junior Lien Representative or any Junior Lien Secured Party of rights or remedies as a secured creditor in respect of Collateral or other collateral or enforcement in contravention of this Agreement
of any Lien in respect of Junior Lien Obligations held by any of them or in any Insolvency or Liquidation Proceeding. In the event the Junior Lien Representative or any Junior Lien Secured Party becomes a judgment lien creditor or other secured
creditor in respect of Collateral, First Lien Collateral or other collateral as a result of its enforcement of its rights as an unsecured creditor in respect of Junior Lien Obligations or otherwise, such judgment or other lien shall be subordinated
to the Liens securing the First Lien Obligations on the same basis as the other Liens securing the Junior Lien Obligations are so subordinated to the First Priority Liens securing First Lien Obligations under this Agreement. Nothing in this
Agreement impairs or otherwise adversely affects any rights or remedies the First Lien Representative or the First Lien Secured Parties may have with respect to the First Lien Collateral. 

5.5. First Lien Representative as Gratuitous Bailee for Perfection. 

(a) The First Lien Representative agrees to hold the Pledged Collateral that is part of the Collateral in its possession or control (or in the
possession or control of its agents or bailees) as gratuitous bailee for the benefit and on behalf of the Junior Lien Representative and each Junior Lien Secured Party and any assignee thereof solely for the purpose of perfecting the security
interest granted in such Pledged Collateral pursuant to the Junior Lien Security Documents, subject to the terms and conditions of this Section 5.5. 

  
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 (b) The Junior Lien Representative, on behalf of the Junior Lien Secured Parties, hereby appoints
the First Lien Representative to act as its collateral agent under each control agreement to which it is a party for the purpose of perfecting the security interest granted in the deposit accounts, securities accounts and other accounts subject to
such control agreements that constitute Collateral (collectively, the “Controlled Accounts”) pursuant to the Junior Lien Security Documents, and the First Lien Representative accepts such appointment. In furtherance of the
foregoing, each Grantor hereby grants a security interest in the Pledged Collateral consisting of Controlled Accounts to the First Lien Representative for the benefit of the Junior Lien Representative and the Junior Lien Secured Parties. 

(c) The First Lien Representative shall have no obligation whatsoever to the Junior Lien Representative or any Junior Lien Secured Party to
assure that the Pledged Collateral is genuine or owned by the Grantors or to protect or preserve rights or benefits of any Person or any rights pertaining to the Collateral except as expressly set forth in this Section 5.5. The duties or
responsibilities of the First Lien Representative under this Section 5.5 shall be limited solely to holding the Pledged Collateral as gratuitous bailee for the benefit and on behalf of the Junior Lien Representative and each Junior Lien
Secured Party for purposes of perfecting the Liens held by the Junior Lien Secured Parties. 
 (d) The First Lien Representative shall not
have by reason of the Junior Lien Documents or this Agreement or any other document a fiduciary relationship in respect of the Junior Lien Representative or any Junior Lien Secured Party, and each of the Junior Lien Representative and the Junior
Lien Secured Parties hereby waives and releases the First Lien Representative from all claims and liabilities arising pursuant to the First Lien Representative’s role under this Section 5.5, as agent and gratuitous bailee with
respect to the Collateral. 
 (e) Upon the Discharge of First Lien Obligations, the First Lien Representative shall (x) deliver to the
Junior Lien Representative written notice of the occurrence thereof (which notice may state that such Discharge of First Lien Obligations is subject to the provisions of this Agreement, including, without limitation, Sections 5.1(a)(y),
5.7 and 6.3 hereof) (it being understood that until the delivery of such notice to the Junior Lien Representative, the Junior Lien Representative shall not be charged with knowledge of the Discharge of First Lien Obligations or
required to take any actions based on such Discharge of First Lien Obligations) and (y) deliver to the Junior Lien Representative, to the extent that it is legally permitted to do so, the remaining Pledged Collateral (if any) together with any
endorsements reasonably requested by the Junior Lien Representative (or otherwise allow the Junior Lien Representative to obtain control of such Pledged Collateral) or as a court of competent jurisdiction may otherwise direct. The Company and each
Grantor shall take such further action as is required to effectuate the transfer contemplated hereby and shall indemnify the First Lien Representative for loss or damage suffered by the First Lien Representative as a result of such transfer except
for loss or damage suffered by the First Lien Representative as a result of its own willful misconduct, gross negligence or bad faith. The First Lien Representative has no obligation to follow instructions from the Junior Lien Representative or any
Junior Lien Secured Party in contravention of this Agreement. 
 (f) Neither the First Lien Representative nor any of the First Lien Secured
Parties shall be required to marshal any present or future collateral security for the Company’s or its Subsidiaries’ obligations to the First Lien Representative or the First Lien Secured Parties under the First Lien Documents or any
assurance of payment in respect thereof or to resort to such collateral security or other assurances of payment in any particular order, and all of their rights in respect of such collateral security or any assurance of payment in respect thereof
shall be cumulative and in addition to all other rights, however existing or arising. 

  
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 5.6. [Reserved]. 

5.7. No Release if Event of Reinstatement. If at any time in connection with or after the Discharge of First Lien Obligations the
Company either in connection therewith or thereafter enters into any Refinancing of any First Lien Document evidencing a First Lien Obligation, then such Discharge of First Lien Obligations shall automatically be deemed not to have occurred for all
purposes of this Agreement, the First Lien Documents and the Junior Lien Documents, and the obligations under such Refinancing shall automatically be treated as First 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 related documents shall be treated as First Lien Documents for all purposes of this Agreement. Upon receipt of a notice stating that the Company has entered into a new
First Lien Document, the Junior Lien Representative shall promptly (at the expense of the Company) (a) enter into such documents and agreements (including amendments or supplements to this Agreement) as the Company or the First Lien
Representative shall reasonably request in order to confirm to the First Lien Representative the rights contemplated hereby, in each case consistent in all material respects with the terms of this Agreement and (b) deliver to the First Lien
Representative the Pledged Collateral together with any necessary endorsements (or otherwise allow the First Lien Representative to obtain possession or control of such Pledged Collateral). 

SECTION 6. Insolvency or Liquidation Proceedings. 

6.1. Financing and Sale Issues. The Junior Lien Representative, on behalf of itself and each Junior Lien Secured Party, agrees that if
the Company or any other Grantor shall be subject to any Insolvency or Liquidation Proceeding: 
 (a) if the First Lien
Representative or any First Lien Secured Party shall desire to permit (or not object to) the use of cash collateral and/or to permit the Company or any other Grantor to obtain financing (whether from any First Lien Secured Party or any third party)
under Section 363 or Section 364 of the Bankruptcy Code or any similar provision in any Bankruptcy Law (“DIP Financing”), including if such DIP Financing is secured by Liens on the Collateral senior in priority to the
Liens securing the Junior Lien Obligations, then the Junior Lien Representative, on behalf of itself and each Junior Lien Secured Party, agrees that it will raise no objection to, and will not support any objection to, and will not otherwise contest
such use of cash collateral or DIP Financing and will not request adequate protection or any other relief in connection therewith (except to the extent permitted by Section 6.2) and, to the extent the Liens securing the First Lien
Obligations are subordinated to or pari passu with such DIP Financing, will subordinate its Liens in the Collateral and any other collateral to such DIP Financing (and all Obligations relating thereto), any adequate protection liens granted to the
First Lien Secured Parties, and any “carve out” for professional and United States Trustee fees agreed to by the First Lien Representative, on the same basis as the other Liens securing the Junior Lien Obligations are so subordinated to
the First Priority Liens securing the applicable First Lien Obligations; 
 (b) none of them will object to, or otherwise
contest (or support any other Person contesting), any motion for relief from the automatic stay or from any injunction against foreclosure or enforcement in respect of First Lien Obligations made by the First Lien Representative or any First Lien
Secured Party; 
 (c) none of them will object to, or otherwise contest (or support any other Person contesting), any order
relating to a sale of assets of the Company or any Grantor for which the First Lien Representative has consented that provides, to the extent that sale is to be free and clear of Liens, that the Liens securing the First Lien Obligations and the
Junior Lien Obligations will attach to the proceeds of the sale on the same basis of priority as the existing Liens in accordance with this Agreement; provided that the Junior Lien Representative may object solely to any sale or bidding procedures
proposed for any such sale; 

  
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 (d) none of them will seek relief from the automatic stay or any other stay in
any Insolvency or Liquidation Proceeding in respect of the Collateral, the First Lien Collateral or any other collateral without the prior written consent of the First Lien Representative; 

(e) none of them will object to, or otherwise contest (or support any other Person contesting), (i) any request by the
First Lien Representative or any First Lien Secured Party for adequate protection or (ii) any objection by the First Lien Representative or any First Lien Secured Party to any motion, relief, action or proceeding based on the First Lien
Representative’s or such First Lien Secured Party’s claiming a lack of adequate protection; 
 (f) none of them
will assert or enforce any claim under Section 506(c) of the Bankruptcy Code senior to or on a parity with the Liens securing the First Lien Obligations for costs or expenses of preserving or disposing of any Collateral or First Lien
Collateral; 
 (g) none of them will oppose or otherwise contest (or support any Person contesting) any lawful exercise by
the First Lien Representative or any First Lien Secured Party of the right to credit bid, under Section 363(k) of the Bankruptcy Code or any similar provision of any Bankruptcy Law, First Lien Obligations at any sale of Collateral or First Lien
Collateral; 
 (h) none of them will challenge (or support any other Person challenging) the validity, enforceability,
perfection or priority of the First Priority Liens on Collateral or First Lien Collateral (and the First Lien Representative and the First Lien Secured Parties agree not to challenge the validity, enforceability, perfection or priority of the Liens
in favor of the Junior Lien Representative and each other Junior Lien Secured Party on the Collateral); and 
 (i) the Junior
Lien Representative, on behalf of itself and each Junior Lien Secured Party, agrees that notice received two Business Days prior to the entry of an order approving a DIP Financing and/or the use, lease, or other disposition of cash or other
collateral shall be deemed to be adequate notice thereof. 
 6.2. Adequate Protection. The Junior Lien Representative, on behalf of
itself and each Junior Lien Secured Party, agrees in an Insolvency or Liquidation Proceeding that none of them shall object to or contest (a) any request by the First Lien Representative or any First Lien Secured Party for adequate protection
in any form, (b) any objection by the First Lien Representative or any First Lien Secured Party to any motion, relief, action, or proceeding based on the First Lien Representative’s or any First Lien Secured Party’s claiming a lack of
adequate protection, or (c) the allowance and payment of interest, fees, expenses, or other amounts of the First Lien Representative or any First Lien Secured Party as adequate protection or otherwise under Section 506(b) or (c) of
the Bankruptcy Code or any similar provision of any Bankruptcy Law. If the First Lien Secured Parties (or any subset thereof) are granted adequate protection in the form of a Lien on additional or replacement collateral and/or a superpriority
administrative expense claim in connection with any DIP Financing and/or use of cash collateral under Section 363 or 364 of the Bankruptcy Code or any similar provision of any Bankruptcy Law, then the Junior Lien Representative, for itself and
on behalf of the Junior Lien Secured Parties, may seek or request adequate protection in the form of (as applicable) a Lien on such additional or replacement collateral and/or a superpriority administrative expense claim, which Lien and/or
superpriority administrative expense claim (as applicable) will be subordinated to the Liens securing or granted as adequate protection 

  
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for, and claims with respect to, the First Lien Obligations and such DIP Financing (and all obligations relating thereto) and/or use of cash collateral on the same basis as the other Liens
securing and claims with respect to the Junior Lien Obligations are so subordinated to the Liens securing and claims with respect to the First Lien Obligations under this Agreement and (ii) in the event any Junior Lien Secured Party seeks or
requests adequate protection, and such adequate protection is granted in the form of (as applicable) a Lien on additional or replacement collateral and/or a superpriority administrative expense claim, then the Junior Lien Secured Parties agree that
the First Lien Representative shall also be granted (as applicable) a senior Lien on such additional or replacement collateral as security and adequate protection for the First Lien Obligations and/or a senior superpriority administrative expense
claim, and that any Lien on such additional or replacement Collateral securing or providing adequate protection for the Junior Lien Obligations and/or superpriority administrative expense claim shall be subordinated to the Liens on such Collateral
securing and claims with respect to the First Lien Obligations and any such DIP Financing (and all obligations relating thereto) and any other Liens and claims granted to the First Lien Secured Parties as adequate protection on the same basis as the
other Liens securing and claims with respect to the Junior Lien Obligations are so subordinated to such Liens securing and claims with respect to First Lien Obligations under this Agreement. To the extent that the First Lien Secured Parties are
granted adequate protection in the form of payments in the amount of current post-petition fees and expenses and/or other cash payments, then the Junior Lien Secured Parties shall not be prohibited from seeking adequate protection in the form of
payments in the amount of current post-petition incurred fees and expenses, and/or other cash payments (as applicable), subject to the right of the First Lien Secured Parties to object to the allowance and reasonableness of the amounts of fees and
expenses or other cash payments so sought by the Junior Lien Secured Parties. 
 6.3. Preference Issues. If any First Lien Secured
Party is required in any Insolvency or Liquidation Proceeding or otherwise to disgorge, turn over or otherwise pay to the estate of the Company or any other Grantor (or any trustee, receiver or similar person therefor) or to or for the benefit of
its creditors, because the payment of such amount was declared to be fraudulent or preferential in any respect or for any other reason, any amount (a “Recovery”), whether received as proceeds of security, enforcement of any right of
setoff, recoupment or otherwise, then as among the parties hereto, the First Lien Obligations shall be deemed to be reinstated to the extent of such Recovery and to be outstanding as if such payment had not occurred, and such First Lien Secured
Party shall be entitled to a future Discharge of First Lien Obligations with respect to all such recovered amounts and shall have all rights hereunder with respect thereto. 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. Any Collateral or First Lien Collateral or proceeds thereof
received by any Junior Lien Secured Party prior to the time of such Recovery shall be deemed to have been received prior to the Discharge of First Lien Obligations and subject to the provisions of Section 4.2 and the other terms of this
Agreement. The First Lien Representative shall use commercially reasonable efforts to give written notice to the Junior Lien Representative of the occurrence of any such Recovery (provided that the failure to give such notice shall not affect
the First Lien Representative’s rights hereunder, except it being understood that until the delivery of such notice to the Junior Lien Representative, the Junior Lien Representative shall not be charged with knowledge of such Recovery or
required to take any actions based on such Recovery). The Junior Lien Representative, for itself and on behalf of each Junior Lien Secured Party, hereby agrees that none of them shall be entitled to benefit from any avoidance action affecting or
otherwise relating to any distribution or allocation made in accordance with the provisions of Section 4.1 and the other terms of this Agreement, whether by preference or otherwise, it being understood and agreed that the benefit of such
avoidance action otherwise allocable to them shall instead be allocated and turned over for application in accordance with the provisions of Section 4.1 and the other terms of this Agreement. 

  
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 6.4. Application. The parties hereto agree that this Agreement constitutes a
“subordinated agreement” under Section 510(a) of the Bankruptcy Code or any similar provision under any Bankruptcy Law, and this Agreement shall be applicable prior to and after the commencement of any Insolvency or Liquidation
Proceeding. All references herein to any Grantor shall apply to any trustee for such Person and such Person as debtor in possession. The relative rights as to the Collateral and other collateral and proceeds thereof shall continue after the filing
thereof on the same basis as prior to the date of the petition, subject to any court order approving the financing of, or use of cash collateral by, any Grantor. 

6.5. Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by
Liens upon any property of the reorganized debtor are distributed, pursuant to a Plan of Reorganization or similar dispositive restructuring plan, both on account of First Lien Obligations and on account of Junior Lien Obligations, then, to the
extent the debt obligations distributed on account of the First 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. 
 6.6. Post-Petition
Interest. 
 (a) The Junior Lien Representative, on behalf of the Junior Lien Secured Parties, hereby acknowledges and agrees that
neither the Junior Lien Representative nor any Junior Lien Secured Party shall oppose or seek to challenge any claim by the First Lien Representative or any First Lien Secured Party for allowance in any Insolvency or Liquidation Proceeding of First
Lien Obligations consisting of post-petition interest, fees or expenses. 
 (b) Neither the First Lien Representative nor any First Lien
Secured Party shall oppose or seek to challenge any claim by the Junior Lien Representative or any Junior Lien Secured Party for allowance in any Insolvency or Liquidation Proceeding of Junior Lien Obligations consisting of post-petition interest,
fees or expenses to the extent of the value of the Liens in favor of the Junior Lien Secured Parties on the Collateral (after taking into account the Liens in favor of the First Lien Secured Parties). 

6.7. Nature of Obligations; Separate Classification. The Junior Lien Representative, on behalf of the Junior Lien Secured Parties,
hereby acknowledges and agrees that (i) the Junior Lien Secured Parties’ claims against the Company and/or any Grantor in respect of the Collateral constitute junior claims separate and apart (and of a different class) from the senior
claims of the First Lien Secured Parties against the Company and the Grantor in respect of the Collateral and (ii) the First Lien Obligations include all interest that accrues after the commencement of any Insolvency or Liquidation Proceeding
of the Company or any Grantor at the rate provided for in the applicable First Lien Documents governing the same, whether or not a claim for post-petition interest is allowed or allowable in any such Insolvency or Liquidation Proceeding. To further
effectuate the intent of the parties as provided in the immediately preceding sentence, if it is held that the claims against the Company or any Grantor in respect of the Collateral constitute only one secured claim (rather than separate classes of
senior and junior claims) under a Plan of Reorganization or other dispositive restructuring plan, then the Junior Lien Representative, for itself and on behalf of the Junior Lien Secured Parties, hereby acknowledge and agree that all distributions
pursuant to Section 4.1 or otherwise shall be made as if there were separate classes of senior and junior secured claims against the Company and the Grantors in respect of the Collateral (with the effect

  
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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 Representative on behalf of the Junior Lien
Secured Parties), the First Lien Secured Parties shall be entitled to receive, in addition to amounts distributed to them in respect of principal, fees and expenses, pre-petition interest and other claims, all amounts owing in respect of
post-petition interest at the relevant contract rate (even though such claims may or may not be allowed or allowable in whole or in part in the respective Insolvency or Liquidation Proceeding) before any distribution is made in respect of the claims
held by the Junior Lien Representative, for itself and on behalf of the Junior Lien Secured Parties, with the Junior Lien Representative, for itself and on behalf of the Junior Lien Secured Parties, hereby acknowledging and agreeing to turn over to
the holders of the First Lien Obligations all amounts otherwise received or receivable by them to the extent necessary to effectuate the intent of this sentence even if such turnover of amounts has the effect of reducing the amount of the claim of
the Junior Lien Secured Parties). 
 6.8. Proofs of Claim. Subject to the limitations set forth in this Agreement, the First Lien
Representative may file proofs of claim and other pleadings and motions with respect to any First Lien Obligations, any Junior Lien Obligations or the Collateral in any Insolvency or Liquidation Proceeding. If a proper proof of claim has not been
filed in the form required in such Insolvency or Liquidation Proceeding at least ten (10) days prior to the expiration of the time for filing thereof, the First Lien Representative shall have the right (but not the duty) to file an appropriate
claim for and on behalf of the Junior Lien Secured Parties with respect to any of the Junior Lien Obligations or any of the Collateral. In furtherance of the foregoing, the Junior Lien Representative hereby appoints the First Lien Representative as
its attorneys-in-fact, with full authority in the place and stead of the Junior Lien Representative and full power of substitution and in the name of the Junior Lien Secured Parties or otherwise, to execute and deliver any document or instrument
that the First Lien Representative is required or permitted to deliver pursuant to this Section 6.8, such appointment being coupled with an interest and irrevocable. 

6.9. Plan of Reorganization. No Junior Lien Secured Party (whether in the capacity as a secured or unsecured creditor) may support or
vote in favor of any Non-Conforming Plan of Reorganization (and each shall be deemed to have voted to reject any such Non-Conforming Plan of Reorganization). Without limiting the generality of any provisions of this Agreement, any vote to accept,
and any other act to support the confirmation or approval of, any Non-Conforming Plan of Reorganization shall be inconsistent with and accordingly, a violation of the terms of this Agreement, and the First Lien Representative shall be entitled to
have any such vote to accept a Non-Conforming Plan of Reorganization dismissed and any such support of any Non-Conforming Plan of Reorganization withdrawn. Without limiting the generality of the foregoing, no Junior Lien Secured Party (whether in
the capacity as a secured or unsecured creditor) may support or vote in favor of any Plan of Reorganization unless such Plan of Reorganization (a) pays off, in cash in full, all First Lien Obligations or (b) is accepted by the class of
holders of First Lien Obligations voting thereon in accordance with Section 1126(c) of the Bankruptcy Code. 
 SECTION 7.
Reliance; Waivers; etc. 
 7.1. Reliance. The consent by the First Lien Secured Parties to the execution and delivery of
the Junior Lien Documents to which the First Lien Secured Parties have consented and all loans and other extensions of credit made or deemed made on and after the date hereof by the First Lien Secured Parties to the Company or any Subsidiary shall
be deemed to have been given and made in reliance upon this Agreement. The Junior Lien Representative, on behalf of itself and each Junior Lien Secured Party, acknowledges that it and the Junior Lien Secured Parties have, independently and without
reliance on the First Lien Representative or any First Lien Secured Parties, and based on documents and information deemed by them appropriate, made their own credit analysis and decision to enter into the applicable Junior Lien Document, this
Agreement and the transactions contemplated hereby and thereby and they will continue to make their own credit decision in taking or not taking any action under the applicable Junior Lien Document or this Agreement. 

  
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 7.2. No Warranties or Liability. The Junior Lien Representative, on behalf of itself and
each Junior Lien Secured Party, acknowledges and agrees that neither the First Lien Representative nor any of the First Lien Secured Parties has made any express or implied representation or warranty, including with respect to the execution,
validity, legality, completeness, collectibility or enforceability of any of the First Lien Documents, the ownership of any Collateral or the perfection or priority of any Liens thereon. The First Lien Secured Parties will be entitled to manage and
supervise their respective loans and extensions of credit under the First Lien Documents in accordance with law and as they, in their sole discretion, may otherwise deem appropriate, and the First Lien Secured Parties may manage their loans and
extensions of credit without regard to any rights or interests that the Junior Lien Representative or any of the Junior Lien Secured Parties have in the Collateral or otherwise, except as otherwise provided in this Agreement. Neither the First Lien
Representative nor any First Lien Secured Parties shall have any duty to the Junior Lien Representative or any Junior Lien Secured Party to act or refrain from acting in a manner that allows, or results in, the occurrence or continuance of an event
of default or default under any agreements with the Company or any Subsidiary thereof (including the Junior Lien Documents), regardless of any knowledge thereof that they may have or be charged with. The First Lien Representative, the First Lien
Secured Parties, the Junior Lien Representative and the Junior Lien Secured Parties have not otherwise made to each other, nor do they hereby make to each other, any warranties, express or implied, nor do they assume any liability to each other with
respect to (a) the enforceability, validity, value or collectibility of any of the Junior Lien Obligations, the First Lien Obligations or any guarantee or security which may have been granted to any of them in connection therewith, (b) the
Company’s title to or right to transfer any of the Collateral or (c) any other matter except as expressly set forth in this Agreement. 

7.3. Obligations Unconditional. All rights, interests, agreements and obligations of the First Lien Representative and the First Lien
Secured Parties, and the Junior Lien Representative and the Junior Lien Secured Parties, respectively, hereunder shall remain in full force and effect irrespective of: 

(a) any lack of validity or enforceability of any First Lien Documents or any Junior Lien Documents; or any lack of or other
matter relating to the validity, enforceability, perfection or priority of any lien creating or existing or purported to be creating or existing thereunder; 

(b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the First Lien Obligations
or Junior Lien Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any First Lien Document or of the terms of any Junior Lien
Document; 
 (c) any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or
other modification, whether in writing or by course of conduct or otherwise, of all or any of the First Lien Obligations or Junior Lien Obligations or any guarantee thereof; 

(d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other Grantor; or 

(e) any other circumstances that otherwise might constitute a defense available to, or a discharge of, the Company or any other
Grantor in respect of the First Lien Obligations or the Junior Lien Obligations in respect of this Agreement. 

  
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 SECTION 8. Miscellaneous. 

8.1. Conflicts. Subject to Section 8.19, in the event of any conflict between the provisions of this Agreement and the
provisions of any First Lien Document or any Junior Lien Document, the provisions of this Agreement shall govern; provided, however, solely as it relates to matters between the ABL Agent and the ABL Secured Parties (as each term is defined in the
ABL Intercreditor Agreement) on the one hand and the First Lien Secured Parties and the Junior Lien Secured Parties on the other hand, in the event of any conflict between the provisions of this Agreement and the provisions of the ABL Intercreditor
Agreement, the provisions of the ABL Intercreditor Agreement shall govern. 
 8.2. Continuing Nature of This Agreement; Severability.
Subject to Section 5.1(a)(y), Section 5.7 and Section 6.3, this Agreement shall continue to be effective until the Discharge of First Lien Obligations shall have occurred or such later time as all of the Junior
Lien Obligations shall have been paid in full. This is a continuing agreement of lien subordination, and the First Lien Secured Parties may continue, at any time and without notice to the Junior Lien Representative or any Junior Lien Secured Party,
to extend credit and other financial accommodations and lend monies to or for the benefit of the Company or any other Grantor constituting First Lien Obligations in reliance hereon. The terms of this Agreement shall survive, and shall continue in
full force and effect, in any Insolvency or Liquidation Proceeding. Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall not invalidate the remaining provisions hereof, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 
 8.3.
Amendments; Waivers. No amendment, modification or waiver of any of the provisions of this Agreement by the Junior Lien Representative or the First Lien Representative shall be deemed to be made except as contemplated by the First Lien
Documents and the Junior Lien Documents and then pursuant to an agreement or agreements in writing signed by or on behalf of the First Lien Representative and the Junior Lien Representative or their respective authorized agents, and consented to in
writing by the Company, and each waiver, if any, shall be a waiver only with respect to the specific instance involved and shall in no way impair the rights of the parties making such waiver or the obligations of the other parties to such party in
any other respect or at any other time; provided that no such agreement shall by its terms amend, modify or otherwise affect the rights or obligations of any Grantor without the Company’s prior written consent. Notwithstanding anything
in this Section 8.3 to the contrary, this Agreement may be amended from time to time at the request of the Company, at the Company’s expense, and with the consent of First Lien Representative and the Junior Lien Representative but
without the consent of any other First Lien Secured Party or Junior Lien Secured Party to (i) secure additional extensions of credit or add other parties holding First Lien Obligations or Junior Lien Obligations to the extent such indebtedness
does not expressly violate the First Lien Documents or the Junior Lien Documents and (ii) in the case of such additional Junior Lien Obligations, (a) establish that the Liens on the Collateral securing such Junior Lien Obligations shall be
junior and subordinate in all respects to all Liens on the Collateral securing any First Lien Obligations (at least to the same extent as the Liens on the Collateral in favor of the Junior Lien Secured Parties are junior and subordinate to the Liens
on the Collateral in favor of the First Lien Secured Parties pursuant to this Agreement immediately prior to the incurrence of such additional Junior Lien Obligations) and (b) provide to the holders of such Junior Lien Obligations (or any agent
or trustee thereof) the comparable rights and benefits (including any improved rights and benefits that have been consented to by the First Lien Representative) as are provided to the Junior Lien Secured Parties under this Agreement. 

  
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 8.4. Information Concerning Financial Condition of Holdings, the Company and the
Subsidiaries. The First Lien Representative, the First Lien Secured Parties, the Representative and the Junior Lien Secured Parties shall each be responsible for keeping themselves informed of (a) the financial condition of Holdings, the
Company and the Subsidiaries and all endorsers and/or guarantors of the First Lien Obligations or the Junior Lien Obligations and (b) all other circumstances bearing upon the risk of nonpayment of the First Lien Obligations or the Junior Lien
Obligations; provided, however, that nothing in this Agreement shall impose a duty on the First Lien Representative to keep itself informed of the financial condition of Holdings, the Company and the Subsidiaries or of other circumstances bearing
upon the risk of nonpayment of the First Lien Obligations or any Junior Lien Obligations beyond that which is required pursuant to the Second Lien Documents. The First Lien Representative, the First Lien Secured Parties, the Junior Lien
Representative and the Junior Lien Secured Parties shall have no duty to advise any other party hereunder of information known to it or them regarding such condition or any such circumstances or otherwise. In the event that the First Lien
Representative, any First Lien Secured Party, the Junior Lien Representative or any Junior Lien Secured Party, in its or their sole discretion, undertakes at any time or from time to time to provide any such information to any other party, it or
they shall be under no obligation (w) to make, and the First Lien Representative, the First Lien Secured Parties, the Junior Lien Representative and the Junior Lien Secured Parties shall not make, any express or implied representation or
warranty, including with respect to the accuracy, completeness, truthfulness or validity of any such information so provided, (x) to provide any additional information or to provide any such information on any subsequent occasion, (y) to
undertake any investigation or (z) to disclose any information that, pursuant to accepted or reasonable commercial finance practices, such party wishes to maintain confidential or is otherwise required to maintain confidential. 

8.5. Subrogation. The Junior Lien Representative, on behalf of itself and each Junior Lien Secured Party, hereby waives any rights of
subrogation it may acquire as a result of any payment hereunder until the Discharge of First Lien Obligations has occurred. 
 8.6.
Application of Payments. Except as otherwise provided herein or in the ABL Intercreditor Agreement, all payments received by the First Lien Secured Parties may be applied, reversed and reapplied, in whole or in part, to such part of the First
Lien Obligations by the First Lien Secured Parties in a manner consistent with the terms of the First Lien Documents, The First Lien Pari Passu Intercreditor Agreement and the ABL Intercreditor Agreement. Except as otherwise provided herein, the
Junior Lien Representative, on behalf of itself and each Junior Lien Secured Party, assents to any such extension or postponement of the time of payment of the First Lien Obligations or any part thereof and to any other indulgence with respect
thereto, to any substitution, exchange or release of any security that may at any time secure any part of the First Lien Obligations and to the addition or release of any other Person primarily or secondarily liable therefor. 

8.7. Consent to Jurisdiction; Waivers. The parties hereto consent to the jurisdiction of any state or federal court located in New York,
New York, and consent that all service of process may be made by registered mail directed to such party as provided in Section 8.8 for such party. Service so made shall be deemed to be completed three days after the same shall be posted
as aforesaid. The parties hereto waive any objection to any action instituted hereunder in any such court based on forum non conveniens, and any objection to the venue of any action instituted hereunder in any such court. EACH OF THE PARTIES HERETO
WAIVES ANY RIGHT IT MAY HAVE TO TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED ON, OR ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, VERBAL OR WRITTEN STATEMENT OR ACTION OF ANY PARTY
HERETO IN CONNECTION WITH THE SUBJECT MATTER HEREOF. 
 8.8. Notices. Unless otherwise specifically provided herein, any notice or
other communication herein required or permitted to be given shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopy or electronic mail, as follows: 

  
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 (i) if to a Grantor, to it c/o J. C. Penney Corporation, Inc., 6501 Legacy Drive,
Mail Code 1304, Plano, TX 75024, Attention of the Treasurer (Telecopy No. (972) 431-2044), with a copy to the General Counsel; 

(ii) if to the First Lien Representative, to Wilmington Trust, National Association, Global Capital Markets, 50 South Sixth
Street, Suite 1290, Minneapolis, Minnesota 55402, Attention J.C. Penney Collateral Agency Administrator; 
 (iii) if to the
Second Lien Representative, to [            ]; or 
 (iv) with
respect to any party hereto, to such other address as may be designated by such party in a written notice to each other party hereto 
 Unless otherwise
specifically provided herein, any notice or other communication herein required or permitted to be given shall be in writing and may be personally served, telecopied, electronically mailed or sent by courier service or U.S. mail and shall be deemed
to have been given when delivered in person or by courier service, upon receipt of a telecopy or electronic mail or upon receipt via U.S. mail (registered or certified, with postage prepaid and properly addressed). For the purposes hereof, the
addresses of the parties hereto shall be as set forth below each party’s name on the signature pages hereto, or, as to each party, at such other address as may be designated by such party in a written notice to all of the other parties. 

8.9. Further Assurances. Each Grantor and the Junior Lien Representative, on behalf of itself and each Junior Lien Secured Party, agrees
that each of them shall take such further action and shall execute and deliver to the First Lien Representative such additional documents and instruments (in recordable form, if requested) as are necessary or that the First Lien Representative may
reasonably request to effectuate the terms of and the lien priorities contemplated by this Agreement. 
 8.10. Governing Law. This
Agreement has been delivered and accepted at and shall be deemed to have been made at New York, New York and shall be interpreted, and the rights and liabilities of the parties bound hereby determined, in accordance with the laws of the State of New
York. 
 8.11. Binding on Successors and Assigns. This Agreement shall be binding upon the First Lien Representative, the First Lien
Secured Parties, the Junior Lien Representative, the Junior Lien Secured Parties, the Company, the Grantors consenting hereto and their respective permitted successors and assigns. 

8.12. Specific Performance. The First Lien Representative may demand specific performance of this Agreement. The Junior Lien
Representative, on behalf of itself and each Junior Lien Secured Party, hereby irrevocably waives any defense based on the adequacy of a remedy at law and any other defense that might be asserted to bar the remedy of specific performance in any
action that may be brought by the First Lien Representative. 
 8.13. Section Titles. The section titles contained in this Agreement
are and shall be without substantive meaning or content of any kind whatsoever and are not a part of this Agreement. 
 8.14.
Counterparts. This Agreement may be executed in one or more counterparts, including by means of facsimile or “pdf” file thereof, each of which shall be an original and all of which shall together constitute one and the same
document. 

  
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 8.15. Authorization. By its signature, each party hereto represents and warrants to the
other parties hereto that the Person executing this Agreement on behalf of such party is duly authorized to execute this Agreement. The First Lien Representative represents and warrants that this Agreement is binding upon the First Lien Secured
Parties. The Junior Lien Representative represents and warrants that this Agreement is binding upon the Junior Lien Secured Parties. 
 8.16.
No Third Party Beneficiaries; Successors and Assigns. This Agreement and the rights and benefits hereof shall inure to the benefit of, and be binding upon, each of the parties hereto and their respective successors and assigns and shall inure
to the benefit of each of, and be binding upon, the holders of First Lien Obligations and Junior Lien Obligations. No other Person shall have or be entitled to assert rights or benefits hereunder. 

8.17. Effectiveness. This Agreement shall become effective when executed and delivered by the parties hereto. This Agreement shall be
effective both before and after the commencement of any Insolvency or Liquidation Proceeding. All references to the Company or any other Grantor shall include the Company or any other Grantor as debtor and debtor-in-possession and any receiver or
trustee for the Company or any other Grantor (as the case may be) in any Insolvency or Liquidation Proceeding. 
 8.18. [Reserved].

 8.19. Relative Rights. Notwithstanding anything in this Agreement to the contrary (except to the extent contemplated by
Section 5.3(b)), nothing in this Agreement is intended to or will (a) amend, waive or otherwise modify the provisions of any First Lien Document or any Junior Lien Document, or permit the Company or any other Grantor to take any
action, or fail to take any action, to the extent such action or failure would otherwise constitute a breach of, or default under, any First Lien Document or any Junior Lien Document, (b) change the relative priorities of the First Lien
Obligations or the Liens granted under the First Lien Documents on the Collateral (or any other assets) as among the First Lien Secured Parties, (c) otherwise change the relative rights of the First Lien Secured Parties in respect of the
Collateral as among such First Lien Secured Parties or (d) obligate the Company or any Subsidiary to take any action, or fail to take any action, if taking or failing to take such action, as the case may be, would otherwise constitute a breach
of, or default under, any First Lien Document or any Junior Lien Document. 
 8.20. References. Notwithstanding anything to the
contrary in this Agreement, any references contained herein to any Section, clause, paragraph, definition or other provision of any First Lien Document or Junior Lien Document (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 applicable First Lien Document or Junior Lien Document, as applicable (including any definition contained therein), as amended or modified from time to time if such amendment or modification has been made in
accordance with the applicable First Lien Document or Junior Lien Document. 
 8.21. Intercreditor Agreements. Notwithstanding
anything to the contrary contained in this Agreement, each party hereto agrees that (i) the Junior Lien Secured Parties (as among themselves) may enter into intercreditor agreements (including the Junior Lien Pari Passu Intercreditor Agreement)
or 

  
 -24- 

 
similar arrangements governing the rights, benefits and privileges as among the Junior Lien Secured Parties in respect of the Collateral, this Agreement and the other Junior Lien Documents,
including as to application of proceeds of the Collateral, voting rights, control of the Collateral and waivers with respect to the Collateral and (ii) the First Lien Secured Parties (as among themselves) may enter into intercreditor agreements
(including the Junior Lien Pari Passu Intercreditor Agreement) or similar arrangements governing the rights, benefits and privileges as among the First Lien Secured Parties in respect of the Collateral, this Agreement and the other First Lien
Documents, including as to application of proceeds of the Collateral, voting rights, control of the Collateral and waivers with respect to the Collateral. In any event, if a respective intercreditor agreement (or similar arrangement) exists, the
provisions thereof shall not be (or be construed to be) an amendment, modification or other change to this Agreement or any other First Lien Security Document or Junior Lien Security Document, and the provisions of this Agreement and the other First
Lien Security Documents and Junior Lien Security Documents shall remain in full force and effect in accordance with the terms hereof and thereof (as such provisions may be amended, modified or otherwise supplemented from time to time in accordance
with the terms hereof and thereof, including to give effect to any intercreditor agreement (or similar arrangement)). The provisions of this Agreement are and are intended solely for the purpose of defining the relative rights of the First Lien
Secured Parties on the one hand and the Junior Lien Secured Parties on the other hand. None of the Company, any Grantor or any Subsidiary of the Company or any other creditor thereof shall have any rights hereunder. Nothing in this Agreement is
intended to or shall impair the obligations of the Company or any other Grantor to pay the First Lien Obligations and the Junior Lien Obligations as and when the same shall become due and payable in accordance with their terms. 

8.22. Concerning the First Lien Representative. The First Lien Representative is acting in this Agreement solely in its capacity as
Collateral Agent under the First Lien Pari Passu Intercreditor Agreement, and shall be entitled to all of the rights, privileges and immunities of the Collateral Agent set forth therein and in the First Lien Documents, as if such rights, privileges
and immunities were set forth herein. 
 8.23. Additional Grantors. The Company and each other Grantor on the date of this Agreement
will constitute the original Grantors party hereto. The original Grantors will cause each Person that becomes a Grantor after the date hereof to contemporaneously become a party hereto (as a Grantor) by executing and delivering a Grantor Joinder
Agreement to each Representative. The parties hereto agree that, notwithstanding any failure to take the actions required by the immediately preceding sentence, each Person that becomes a Grantor at any time (and any security granted by any such
Person) will be subject to the provisions hereof as fully as if it constituted a Grantor party hereto and had complied with the requirements of the immediately preceding sentence. 

[Signature pages follow] 

  
 -25- 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first written
above. 
  

			
	WILMINGTON TRUST, NATIONAL ASSOCIATION, in its capacity as Collateral Agent, as First Lien Representative
		
	By:	 	  

		 	 Name:

Title:

  
 S-1 

 
			
	[            ], as Junior Lien Representative
		
	By:	 	  

		 	 Name:

Title:

Address:

  
 S-2 

 CONSENT OF COMPANY AND GRANTORS- 

Dated: [            ] [    ], 20[    ] 

Reference is made to the Junior Priority Intercreditor Agreement dated as of the date hereof among WILMINGTON TRUST, NATIONAL ASSOCIATION, in
its capacity as Collateral Agent, as Representative for the First Lien Secured Parties, and [            ], as Representative for the Junior Lien Secured Parties, as the same may be
amended, restated, supplemented, waived, or otherwise modified from time to time (the “Intercreditor Agreement”). Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Intercreditor
Agreement. 
 Each of the undersigned Grantors has read the foregoing Intercreditor Agreement and consents thereto. Each of the undersigned
Grantors agrees not to take any action that would be contrary to the express provisions of the foregoing Intercreditor Agreement, agrees to abide by the requirements expressly applicable to it under the foregoing Intercreditor Agreement and agrees
that, except as otherwise provided therein, no First Lien Secured Party or Junior Lien Secured Party shall have any liability to any Grantor for acting in accordance with the provisions of the foregoing Intercreditor Agreement, the First Lien
Documents or the Junior Lien Documents. Each Grantor understands that the foregoing Intercreditor Agreement is for the sole benefit of the First Lien Secured Parties and the Junior Lien Secured Parties and their respective successors and assigns,
and that such Grantor is not an intended beneficiary or third party beneficiary thereof except to the extent otherwise expressly provided therein. 

Without limitation to the foregoing, each Grantor agrees to take such further action and to execute and deliver such additional documents and
instruments (in recordable form, if requested) as the First Lien Representative or the Junior Lien Representative (or any of their respective agents or representatives) may reasonably request to effectuate the terms of and the lien priorities
contemplated by the Intercreditor Agreement. 
 This Consent shall be governed and construed in accordance with the laws of the State of New
York. Notices delivered to any Grantor pursuant to this Consent shall be delivered in accordance with the notice provisions set forth in the Term Loan Agreement. 

[Signature page follows] 

  
 S-3 

 IN WITNESS HEREOF, this Consent is hereby executed by each of the Grantors as of the date first
written above. 
  

			
	J. C. PENNEY CORPORATION, INC.
		
	By:	 	  

		 	 Name:

Title:

	
	J.C.PENNEY COMPANY, INC.
		
	By:	 	  

		 	 Name:

Title:

	
	[OTHER GRANTORS]
		
	By:	 	  

		 	 Name:

Title:

 Annex I 

[FORM OF] GRANTOR JOINDER AGREEMENT NO. [_] dated as of [            ],
201[    ] (the “Grantor Joinder Agreement”) to the JUNIOR PRIORITY INTERCREDITOR AGREEMENT dated as of [            ], 20[    ] (the
“Intercreditor Agreement”), among WILMINGTON TRUST, NATIONAL ASSOCIATION, in its capacity as Collateral Agent, as Representative for the First Lien Secured Parties, and
[            ], as Representative for the Junior Lien Secured Parties, each other Representative from time to time party thereto, and consented to by J.C. PENNEY CORPORATION, INC. (the
“Company”) and each of the other Grantors party thereto. 
 A. Capitalized terms used herein but not otherwise defined
herein shall have the meanings assigned to such terms in the Intercreditor Agreement. 
 B.
[            ], a Subsidiary of the Company (the “Additional Grantor”), has granted a Lien on all or a portion of its assets to secure [First] [Junior] Lien Obligations and
such Additional Grantor is not a party to the Intercreditor Agreement. 
 C. The Additional Grantor wishes to become a party to the
Intercreditor Agreement and to acquire and undertake the rights and obligations of a Grantor thereunder. The Additional Grantor is entering into this Grantor Joinder Agreement in accordance with the provisions of the Intercreditor Agreement in order
to become a Grantor thereunder. 
 Accordingly, the Additional Grantor agrees as follows, for the benefit of the Representatives, the
Company and each other party to the Intercreditor Agreement: 
 Section 1. Accession to the Intercreditor Agreement. The
Additional Grantor (a) hereby accedes and becomes a party to the Intercreditor Agreement as a Grantor with the same force and effect as if originally named therein as a Grantor, (b) agrees to all the terms and provisions of the
Intercreditor Agreement and (c) shall have all the rights and obligations of a Grantor under the Intercreditor Agreement. 

Section 2. Representations, Warranties and Acknowledgment of the Additional Grantor. The Additional Grantor represents and warrants
to each Representative, the First Lien Secured Parties and the Junior Lien Secured Parties that this Grantor Joinder Agreement has been duly authorized, executed and delivered by such Additional Grantor and constitutes the legal, valid and binding
obligation, enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity,
regardless of whether considered in a proceeding in equity or at law. 
 Section 3. Counterparts. This Grantor Joinder Agreement
may be executed in counterparts, each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Grantor Joinder Agreement shall become effective when each other Representative shall have
received a counterpart of this Grantor Joinder Agreement that bears the signature of the Additional Grantor. Delivery of an executed counterpart of a signature page to this Grantor Joinder Agreement by telecopy or electronic image scan transmission
(such as a “pdf” file) shall be effective as delivery of a manually signed counterpart of this Grantor Joinder Agreement. 

Section 4. Benefit of Agreement. The agreements set forth herein or undertaken pursuant hereto are for the
benefit of, and may be enforced by, any party to the Intercreditor Agreement. 

 Section 5. Governing Law. THIS GRANTOR JOINDER AGREEMENT SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK AND (TO THE EXTENT APPLICABLE) THE BANKRUPTCY CODE. 
 Section 6.
Severability. In the event any one or more of the provisions contained in this Grantor Joinder 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. The parties shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as
close as possible to that of the invalid, illegal or unenforceable provisions. 
 Section 7. Notices. All communications and
notices hereunder shall be in writing and given as provided in Section 8.8 of the Intercreditor Agreement. 
 Section 8. The
Additional Grantor agrees to reimburse each Representative for its reasonable out-of-pocket expenses in connection with this Grantor Joinder Agreement, including the reasonable fees, other charges and disbursements of counsel for each
Representative. 
 [Signature Pages Follow] 

  
 S-2 

 IN WITNESS WHEREOF, the Additional Grantor has duly executed this Grantor Joinder Agreement to
the Intercreditor Agreement as of the day and year first above written. 
  

			
	[NAME OF SUBSIDIARY]
		
	By:	 	  

		 	 Name:

		 	 Title:

  
 S-3 

			
	Acknowledged by:
	
	 [EACH REPRESENTATIVE], as Representative with respect to [the
[    ] Agreement]

		
	By:	 	  

		 	 Name:

		 	 Title:

  
 S-4 

 EXHIBIT K TO 

AMENDED AND RESTATED CREDIT AND GUARANTY AGREEMENT 

INCUMBENCY CERTIFICATE 

Reference is made to the Amended and Restated Credit and Guaranty Agreement, dated as of June 23, 2016, the terms defined therein
and not otherwise defined herein being used herein as therein defined), by and among J. C. PENNEY CORPORATION, INC., a Delaware corporation (“Borrower”), J. C. PENNEY COMPANY, INC., a Delaware corporation, certain
Subsidiaries of Borrower, as Guarantors, the Lenders party thereto from time to time, JPMORGAN CHASE BANK, N.A. (“JPMorgan”), as Administrative Agent, and the other financial institutions party thereto. 

The following persons are now duly elected and qualified officers of Borrower, each holding the respective office or offices indicated next to
his or her name below, and the signature set forth opposite his or her name below is the true and genuine signature of such officer, and such officer is duly authorized to execute and deliver, on behalf of Borrower, the Funding Notice: 

 

					
	Name	  	Office	  	Signature
		  		  	 
		  		  	 
		  		  	 
		  		  	 
		  		  	 

 [Remainder of page intentionally left blank] 

  
 EXHIBIT K-1 

 IN WITNESS WHEREOF, I have caused this Incumbency Certificate to be duly executed and
delivered as of the date and at the place first written above. 
  

			
	By:	 	 
	 Name:
	 	
	 Title: Secretary

  
 EXHIBIT K-2

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