Document:

Exhibit 10.2

    

     

    

    
      Execution Copy

    

    
      

      

    

    AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT

    

    

    made by

    

    

    BARGAIN PARENT, INC.,

    

    

    OLLIE’S HOLDINGS, INC.,

    

    

    OBO VENTURES, INC.,

    

    

    and certain Subsidiaries of OLLIE’S HOLDINGS, INC.

    

    

    in favor of

    

    

    MANUFACTURERS AND TRADERS TRUST COMPANY, as Administrative Agent

    

    

    Dated as of May 22, 2019

    

    

    
      
        

    

    
    
      Table of Contents

       

          

    

    	 	 	
            Page

          
	 	 	 
	
            SECTION 1.

          	
            DEFINED TERMS

          	2
	 	 	 	 	 
	 	
            1.1.

          	 	
            Definitions.

          	2
	 	
            1.2.

          	 	
            Other Definitional Provisions

          	
            8

          
	 	 	 	 	 
	
            SECTION 2.

          	
            GUARANTEE

          	
            9

          
	 	 	 	 	 
	 	
            2.1.

          	 	
            Guarantee

          	
            9

          
	 	
            2.2.

          	 	
            Rights of Reimbursement, Contribution and Subrogation

          	
            9

          
	 	
            2.3.

          	 	
            Amendments, etc. with Respect to the Secured Obligations

          	
            11

          
	 	
            2.4.

          	 	
            Guarantee Absolute and Unconditional

          	
            11

          
	 	
            2.5.

          	 	
            Reinstatement

          	
            12

          
	 	
            2.6.

          	 	
            Payments

          	
            12

          
	 	
            2.7.

          	 	
            Subordination of Indebtedness Held by Guarantors

          	
            12

          
	 	
            2.8.

          	 	
            Keepwell

          	
            12

          
	 	 	 	 	 
	
            SECTION 3.

          	
            GRANT OF SECURITY INTEREST; CONTINUING LIABILITY UNDER COLLATERAL

          	
            12

          
	 	 	 	 	 
	
            SECTION 4.

          	
            REPRESENTATIONS AND WARRANTIES

          	
            14

          
	 	 	 	 	 
	 	
            4.1.

          	 	
            Title; No Other Liens

          	
            14

          
	 	
            4.2.

          	 	
            [Reserved]

          	
            14

          
	 	
            4.3.

          	 	
            Name; Jurisdiction of Organization, etc.

          	
            14

          
	 	
            4.4.

          	 	
            Inventory and Equipment

          	
            
              15

            

          
	 	
            4.5.

          	 	
            Farm Products

          	
            
              15

            

          
	 	
            4.6.

          	 	
            Investment Property

          	
            
              15

            

          
	 	
            4.7.

          	 	
            Accounts

          	
            16

          
	 	
            4.8.

          	 	
            Intellectual Property

          	
            
              16

            

          
	 	
            4.9.

          	 	
            Letters of Credit and Letter of Credit Rights

          	
            17

          
	 	 	 	 	 
	
            SECTION 5.

          	
            COVENANTS

          	
            17

          
	 	 	 	 	 
	 	
            5.1.

          	 	
            Delivery and Control of Certain Collateral

          	
            17

          
	 	
            5.2.

          	 	
            Maintenance of Perfected Security Interest; Further Documentation

          	
            18

          
	 	
            5.3.

          	 	
            Changes in Locations, Name, Jurisdiction of Incorporation, etc.

          	
            19

          
	 	
            5.4.

          	 	
            Investment Property

          	
            19

          
	 	
            5.5.

          	 	
            Intellectual Property

          	
            20

          
	 	
            5.6.

          	 	
            Commercial Tort Claims

          	
            
              22

            

          
	 	
            5.7.

          	 	
            Deposit Accounts

          	
            22

          
	 	
            5.8.

          	 	
            Maintenance of Insurance

          	
            22

          
	 	 	 	 	 
	
            SECTION 6.

          	
            REMEDIAL PROVISIONS

          	
            22

          
	 	 	 	 	 
	 	
            6.1.

          	 	
            Certain Matters Relating to Accounts

          	
            22

          
	 	
            6.2.

          	 	
            Communications with Obligors; Grantors Remain Liable

          	
            23

          

    

    

    
      -i-

      
        

    

    	 	 	 	 	
            Page

          
	 	 	 	 	 
	 	
            6.3.

          	 	
            Pledged Collateral

          	
            23

          
	 	
            6.4.

          	 	
            Proceeds to be Turned Over To Administrative Agent

          	
            24

          
	 	
            6.5.

          	 	
            Application of Proceeds

          	
            25

          
	 	
            6.6.

          	 	
            Code and Other Remedies

          	
            
              25

            

          
	 	
            6.7.

          	 	
            Deficiency

          	
            26

          
	 	 	 	 	 
	
            SECTION 7.

          	
            THE ADMINISTRATIVE AGENT

          	
            27

          
	 	 	 	 	 
	 	
            7.1.

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

          	
            27

          
	 	
            7.2.

          	 	
            Duty of Administrative Agent

          	
            28

          
	 	
            7.3.

          	 	
            Filing of Financing Statements

          	
            28

          
	 	
            7.4.

          	 	
            Authority of Administrative Agent

          	
            
              29

            

          
	 	
            7.5.

          	 	
            Appointment of Co-Collateral Agents

          	
            
              29

            

          
	 	 	 	 	 
	
            SECTION 8.

          	
            MISCELLANEOUS

          	
            29

          
	 	 	 	 	 
	 	
            8.1.

          	 	
            Amendments in Writing

          	
            29

          
	 	
            8.2.

          	 	
            Notices

          	
            29

          
	 	
            8.3.

          	 	
            No Waiver by Course of Conduct; Cumulative Remedies

          	
            29

          
	 	
            8.4.

          	 	
            Enforcement Expenses; Indemnification

          	
            29

          
	 	
            8.5.

          	 	
            Successors and Assigns

          	
            30

          
	 	
            8.6.

          	 	
            Set-Off

          	
            30

          
	 	
            8.7.

          	 	
            Counterparts

          	
            30

          
	 	
            8.8.

          	 	
            Severability

          	
            31

          
	 	
            8.9.

          	 	
            Section Headings

          	
            
              31

            

          
	 	
            8.10.

          	 	
            Integration

          	
            
              31

            

          
	 	
            8.11.

          	 	
            APPLICABLE LAW

          	
            
              31

            

          
	 	
            8.12.

          	 	
            Submission to Jurisdiction; Waivers

          	
            
              31

            

          
	 	
            8.13.

          	 	
            Acknowledgments

          	
            31

          
	 	
            8.14.

          	 	
            Additional Grantors

          	
            32

          
	 	
            8.15.

          	 	
            Releases

          	
            32

          
	 	
            8.16.

          	 	
            WAIVER OF JURY TRIAL

          	
            32

          
	 	
            8.17.

          	 	
            No Novation

          	
            33

          

    

    

    
      -ii-

      
        

    

    
      Table of Contents

    

     

    

    	 	 	 	
            Page

          
	 	 	 	 
	
            SCHEDULE 3(a)

          	
            —

          	
            COMMERCIAL TORT CLAIMS

          	 
	
            SCHEDULE 4.3

          	
            —

          	
            NAME; JURISDICTION OF ORGANIZATION, ETC

          	 
	
            SCHEDULE 4.4

          	
            —

          	
            INVENTORY AND EQUIPMENT

          	 
	
            SCHEDULE 4.6(a)

          	
            —

          	
            INVESTMENT PROPERTY

          	 
	
            SCHEDULE 4.6(b)

          	 	
            INVESTMENT PROPERTY

          	 
	
            SCHEDULE 4.8(a)

          	
            —

          	
            INTELLECTUAL PROPERTY

          	 
	
            SCHEDULE 4.8(d)

          	
            —

          	
            INTELLECTUAL PROPERTY

          	 
	
            SCHEDULE 4.9

          	
            —

          	
            LETTERS OF CREDIT RIGHTS

          	 
	
            SCHEDULE 8.2

          	 	
            NOTICES

          	 
	 	 	 	 
	
            EXHIBIT A

          	
            —

          	
            ACKNOWLEDGEMENT AND CONSENT

          	 
	
            EXHIBIT B-1

          	
            —

          	
            INTELLECTUAL PROPERTY SECURITY AGREEMENT

          	 
	
            EXHIBIT B-2

          	
            —

          	
            AFTER-ACQUIRED INTELLECTUAL PROPERTY SECURITY AGREEMENT

          	 
	
            EXHIBIT D

          	
            —

          	
            ASSUMPTION AGREEMENT

          	 

    

    

    
      -iii-

      
        

    

    AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT, dated as of May 22, 2019, made by the Borrowers (as defined below) and each of the signatories hereto (other than the Administrative Agent, but together with any other entity that may become a party
        hereto as provided herein, the “Guarantors”; and the Guarantors together with the Borrowers, the “Grantors”), in favor of Manufacturers and Traders Trust Company (“M&T”), as administrative agent (in such capacity and together
        with its successors, the “Administrative Agent”) for (i) the banks and other financial institutions or entities (the “Lenders”) from time to time parties to the Amended and Restated Credit Agreement, dated as of May 22, 2019, (as amended, restated, amended and restated, supplemented or otherwise modified from time to
        time, the “Credit Agreement”), among Bargain Parent, Inc., a Delaware corporation (“Parent”),

        Ollie’s Holdings, Inc., a Delaware corporation (the “Lead Borrower”), Ollie’s Bargain Outlet, Inc., a Pennsylvania corporation (“Ollie’s”), OBO Ventures, Inc., a Pennsylvania corporation (“OBO Ventures”), the other Subsidiary Loan
        Parties from time to time party thereto, as borrowers (and together with the Lead Borrower, Ollie’s and OBO Ventures, collectively, the “Borrowers”), the Lenders
        party thereto, Manufacturers and Traders Trust Company as Lead Arranger and the Administrative Agent, and the other agents named therein and (ii) the other Secured Parties (as hereinafter defined).

    

    

    W I T N E S S E T H:

    

    

    WHEREAS, pursuant to the Credit Agreement, the Lenders have severally agreed to make Credit Extensions to the Borrowers upon
        the terms and subject to the conditions set forth therein;

    

    

    WHEREAS, the Borrowers are members of an affiliated group of companies that includes each other Guarantor;

    

    

    WHEREAS, the proceeds of the Credit Extensions under the Credit Agreement will be used in part to enable the Borrowers to make
        valuable transfers to one or more of the other Guarantors in connection with the operation of their respective businesses;

    

    

    WHEREAS, the Borrowers and the other Guarantors are engaged in related businesses, and each Borrower and each Guarantor will
        derive substantial direct and indirect benefit from the making of the Credit Extensions under the Credit Agreement;

    

    

    WHEREAS, it is a condition precedent to the obligation of the Lenders to make their respective Credit Extensions to the
        Borrowers under the Credit Agreement that each Borrower and each Guarantor shall have executed and delivered this Agreement to the Administrative Agent for the benefit of the Secured Parties;

    

    

    WHEREAS, the Borrowers and the other Guarantors executed and delivered to the Administrative Agent a Collateral and Guarantee
        Agreement dated as of January 26, 2016 (as amended or otherwise modified from time to time prior to the date hereof, the “Existing Collateral and Guarantee Agreement”);

        and

    

    

    WHEREAS, the Administrative Agent, for the benefit of the Secured Parties, desires to amend and restate the terms of the
        Existing Collateral and Guarantee Agreement on the terms and conditions herein, which Agreement shall become effective and shall supersede and replace the Existing Collateral and Guarantee Agreement upon satisfaction of the conditions precedent set
        forth in Sections 4.01 and 4.02 of the Credit Agreement;

    

    

    NOW, THEREFORE, in consideration of the foregoing premises and to induce the Lead Arranger, the Administrative Agent and the
        Lenders to enter into the Credit Agreement and to induce the Lenders to make their respective Credit Extensions to the Borrowers thereunder, each Borrower and each Guarantor hereby agrees with the Administrative Agent, for the benefit of the
        Secured Parties, as follows:

    

    

    
      
        

    

    
    
      
        	

              	SECTION 1.	
                DEFINED TERMS

              

      

    

    

    

    1.1.         Definitions.

    

    

    (a)          Unless
        otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement, and the following terms are used herein as defined in the New York UCC (and if defined in more than one
        Article of the New York UCC, such terms shall have the meanings given in Article 9 thereof): Accounts, Account Debtor, Certificated Security, Chattel Paper, Commercial Tort Claim, Commodity Account, Commodity Contract, Commodity Intermediary,
        Documents, Deposit Account, Electronic Chattel Paper, Equipment, Farm Products, Financial Asset, Fixtures, General Intangibles, Goods, Instruments, Inventory, Letter of Credit, Letter of Credit Rights, Money, Payment Intangibles, Securities
        Account, Securities Intermediary, Security, Security Entitlement, Supporting Obligations, Tangible Chattel Paper and Uncertificated Security.

    

    

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

    

    

    “Administrative Agent” shall have the
        meaning assigned to such term in the preamble.

    

    

    “After-Acquired Intellectual Property”
        shall mean any Collateral (excluding Excluded Assets) consisting of any Intellectual Property acquired or obtained by a Grantor on or after the Closing Date and which is not now a part of the Owned Intellectual Property.

    

    

    “Agreement” shall mean this Guarantee
        and Collateral Agreement, as the same may be amended, amended and restated, restated, supplemented or otherwise modified from time to time.

    

    

    “Agreement Parties” shall mean the
        collective reference to the Borrowers and the Guarantors.

    

    

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

    

    

    “Collateral” shall have the meaning
        assigned to such term in Section 3.

    

    

    “Collateral Account” shall mean any
        collateral account subject to a Deposit Account Control Agreement.

    

    

    “Collateral Account Funds”
        shall mean, collectively, the following: (i) all funds (including all trust monies) and investments (including all cash equivalents) credited to, or purchased with funds from, any Collateral Account or the Dominion Account, as the case may be, and
        all certificates and instruments from time to time representing or evidencing such investments, (ii) all Money, notes, certificates of deposit, checks and other instruments from time to time hereafter delivered to or otherwise possessed by the
        Administrative Agent for or on behalf of any Grantor in substitution for, or in addition to, any or all of the Collateral, and (iii) all interest, dividends, cash, instruments and other property from time to time received, receivable or otherwise
        distributed in respect of or in exchange for any or all of the items constituting Collateral.

    

    

    “Contracts” shall mean all contracts
        and agreements between any Grantor and any other person (in each case, whether written or oral, or third party or intercompany) as the same may be amended, assigned, extended, restated, supplemented, replaced or otherwise modified from time to time
        including (i) all rights of any Grantor to receive moneys due and to become due to it thereunder or in connection therewith, (ii) all rights of any Grantor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect thereto,
        (iii) all rights of any Grantor to damages arising thereunder and (iv) all rights of any Grantor to terminate and to perform and compel performance of, such Contracts and to exercise all remedies thereunder.

    

    

    
      -2-

      
        

    

    “Copyright Licenses” shall mean any
        written agreement naming any Grantor as licensor or licensee (including those listed on Schedule 4.8(a) (as such schedule may be amended or supplemented from time to time)), granting any right in, to or under any Copyright, including the grant of
        rights to manufacture, print, publish, copy, import, export, distribute, exploit and sell materials derived from any Copyright.

    

    

    “Copyrights” shall mean (i) all
        copyrights arising under the laws of the United States, whether registered or unregistered and whether published or unpublished (including those listed on Schedule 4.8(a) (as such schedule may be amended or supplemented from time to time)), all
        registrations and recordings thereof, and all applications in connection therewith and rights corresponding thereto throughout the world, including all registrations, recordings and applications in the United States Copyright Office, and (ii) the
        right to, and to obtain, all extensions and renewals thereof.

    

    

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

    

    

    “Current Asset Collateral” shall mean
        all now owned or hereafter acquired assets and property 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 Secured Obligation that constitutes:

    

    

    (i)       Accounts (including credit card
        receivables);

    

    

    (ii)      Inventory;

    

    

    (iii)    General Intangibles (other than Intellectual Property and Pledged Shares),
        Instruments, Chattel Paper, Documents, other contracts and Supporting Obligations, in each case, evidencing or substituted for any other Current Asset Collateral;

    

    

    (iv)     cash, Money and cash equivalents, and Deposit Accounts and Securities
        Accounts (including all cash and other funds or other property held in or on deposit therein);

    

    

    (v)      documents of title with respect to any Inventory;

    

    

    (vi)     tax refunds;

    

    

    (vii)    guarantees, letters of credit, Letter-of-Credit Rights, security and other
        credit enhancement, in each case, in support of the other Current Asset Collateral;

    

    

    (viii)   contractual claims and causes of action to the extent relating to any
        Current Asset Collateral;

    

    

    (ix)     books and records pertaining to the foregoing; and

    

    

    (x)      substitutions, replacements, accessions, products or Proceeds (including,
        without limitation, insurance proceeds) of any of the forgoing, in each case other than any Excluded Assets. 

    

    

    
      -3-

      
        

    

    “Domain Names” shall mean all Internet
        domain names and associated uniform resource locator addresses.

    

    

    “Excluded Assets” shall mean (i) the
        Excluded Foreign and Other Subsidiary Equity Interests, (ii) any Equity Interests if, and to the extent that, and for so long as doing so would violate applicable law or, other than in the case of Wholly-Owned Subsidiaries, a contractual obligation
        binding on such Equity Interests, (iii) any property subject to a Lien permitted under Section 6.02(i) or 6.02(j) of the Credit Agreement to

          the extent and for so long as (I) the contract or other agreement in which such Lien is granted (or the documentation providing for such purchase money obligation or Capital Lease Obligation) prohibits the creation of any other Lien on such
          assets and proceeds or (II) the grant of a security interest under the Loan Documents (x) would invalidate the underlying rights of such Grantor in such assets, (y) would give any other party to such contract or agreement the right to terminate
          its obligations thereunder or (z) is not permitted without consent of third party (other than a Grantor), (iv) all leasehold real property, (v) all fee owned real property, (vi) Equity Interests of any partnerships, joint ventures and any
        non-Wholly Owned Subsidiary which cannot be pledged without the consent of one or more third parties (other than the Borrowers or any of their Restricted Subsidiaries), (vii) margin stock, (viii) any asset to the extent that the grant of a security
        interest therein would result in materially adverse tax consequences as reasonably determined by the Lead Borrower, (ix) any property and assets the pledge of which would require governmental consent, approval, license or authorization, (x) all
        foreign intellectual property and any “intent-to-use” trademark applications prior to the filing of a “Statement of Use” or “Amendment to Allege Use” with respect thereto, 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 such intent-to-use trademark application under applicable law, (xi) Trust Funds and (xii) other assets which the Administrative Agent, in consultation with the
        Lead Borrower, determines, in its reasonable discretion, should be excluded taking into account the practical operations of the Borrowers’ business.  Notwithstanding anything to the contrary herein, (x) the Loan Parties shall not be required to
        grant a security interest in any Collateral or perfect a security interest in any Collateral to the extent (A) the burden or cost of obtaining or perfecting a security interest therein outweighs the benefit of the security afforded thereby as
        reasonably determined by the Lead Borrower and the Administrative Agent or (B) if the granting of a security interest in such asset would be prohibited by enforceable anti-assignment provisions of contracts or applicable law or with respect to any
        assets to the extent such a pledge would violate the terms of any contract with respect to such assets (in each case, after giving effect to the applicable anti-assignment provisions of the Uniform Commercial Code or other applicable law) or would
        trigger termination pursuant to any “change of control” or similar provision in any contract and (y) no actions shall be required in order to create or perfect any security interest in any assets located outside of the United States, and no foreign
        law security or pledge agreement shall be required.

    

    

    “Excluded Foreign and Other Subsidiary Equity
            Interests” shall mean the (A) Equity Interests in excess of 65% of the voting Equity Interests of (i) each “first tier” Foreign Subsidiary owned by any Grantor and (ii) each Disregarded Domestic Subsidiary; (B) any voting or
        non-voting Equity Interest of any Foreign Subsidiary that is not a “first tier” Foreign Subsidiary owned by any Grantor and (C) the Equity Interests of any Unrestricted Subsidiary, Immaterial Subsidiary, Captive Insurance Subsidiary, and
        not-for-profit Subsidiary.

    

    

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

    

    

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

    

    

    
      -4-

      
        

    

    “Insurance” shall mean (i) all
        insurance policies covering any or all of the Collateral (regardless of whether the Administrative Agent is the loss payee thereof) and (ii) any key
        man life insurance policies.

    

    

    “Intellectual Property” shall mean the
        collective reference to all rights, priorities and privileges relating to intellectual property arising under United States laws, including Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks, Trademark Licenses, Trade Secrets,
        Trade Secret Licenses and Domain Names.

    

    

    “Intellectual Property Collateral” shall include all Owned Intellectual Property and After-Acquired Intellectual Property, as well as any other Intellectual Property or Software included within the Collateral pursuant to Section 3(a).

    

    

    “Investment Property” shall mean the
        collective reference to (i) all “investment property” as such term is defined in Section 9-102(a)(49) of the New York UCC (other than any such investment property which is an Excluded Asset) including all Certificated Securities and Uncertificated
        Securities and all Security Entitlements, (ii) security entitlements, in the case of any United States Treasury book-entry securities, as defined in 31 C.F.R. section 357.2, or, in the case of any United States federal agency book-entry securities,
        as defined in the corresponding United States federal regulations governing such book-entry securities, and (iii) whether or not otherwise constituting “investment property,” all Pledged Notes, all Pledged Equity Interests, all Pledged Security
        Entitlements and all Pledged Commodity Contracts.

    

    

    “Issuers” shall mean the collective
        reference to each issuer of Pledged Collateral that is a Subsidiary.

    

    

    “Lead Arranger” shall have the meaning
        assigned to such term in the preamble.

    

    

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

    

    

    “Licensed Intellectual Property” shall
        have the meaning assigned to such term in Section 4.8(a).

    

    

    “M&T” shall
          have the meaning assigned to such term in the preamble.

    

    

    “Material Intellectual Property” shall have the meaning assigned to such term in Section 4.8(b).

    

    

    “New York UCC” shall mean the Uniform
        Commercial Code as from time to time in effect in the State of New York.

    

    

    “Owned Intellectual Property” shall
        have the meaning assigned to such term in Section 4.8(a).

    

    

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

    

    

    “Patent License” shall mean all
        agreements, whether written or oral, providing for the grant by or to any Grantor of any right to manufacture, use, import, export, distribute or sell any invention covered in whole or in part by a Patent, including any of the foregoing listed on
        Schedule 4.8(a) (as such schedule may be amended or supplemented from time to time).

    

    

    
      -5-

      
        

    

    “Patents” shall mean (i) all letters of
        patent of the United States, all reissues and extensions thereof and all goodwill associated therewith, including any of the foregoing listed in Schedule 4.8(a) (as such schedule may be amended or supplemented from time to time), (ii) all
        applications for letters of patent of the United States and all divisions, continuations and continuations-in-part thereof, all improvements thereof, including any of the foregoing listed in Schedule 4.8(a) (as such schedule may be amended or
        supplemented from time to time), and (iii) all rights to, and to obtain, any reissues or extensions of the foregoing.

    

    

    “Pledged Alternative Equity Interests”
        shall mean all interests (other than any such interests that are Excluded Assets) of any Grantor in participation or other interests in any equity or profits of any business entity and the certificates, if any, representing such interests and all
        dividends, distributions, cash, warrants, rights, options, instruments, securities and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such interests and any
        other warrant, right or option to acquire any of the foregoing; provided, however, that Pledged Alternative Equity Interests shall not include any Pledged
        Stock, Pledged LLC Interests, Pledged Partnership Interests or Pledged Trust Interests.

    

    

    “Pledged Collateral” shall mean the
        collective reference to the Pledged Debt Securities, the Pledged Notes and the Pledged Equity Interests.

    

    

    “Pledged Debt Securities” shall mean
        all debt securities now owned or hereafter acquired by any Grantor, (other than any such debt securities that are Excluded Assets), including the debt securities listed on Schedule 4.6(b), (as such schedule may be amended or supplemented from time
        to time), together with any other certificates, options, rights or security entitlements of any nature whatsoever in respect of the debt securities of any person that may be issued or granted to, or held by, any Grantor while this Agreement is in
        effect.

    

    

    “Pledged Equity Interests” shall mean all Pledged Stock, Pledged LLC Interests, Pledged Partnership Interests, Pledged Trust Interests and Pledged Alternative Equity Interests.

    

    

    “Pledged LLC Interests” shall mean all
        interests of any Grantor now owned or hereafter acquired in any limited liability company (other than any such interests that are Excluded Assets), including all limited liability company interests listed on Schedule 4.6(a) hereto under the heading
        “Pledged LLC Interests” (as such schedule may be amended or supplemented from time to time) and the certificates, if any, representing such limited liability company interests and any interest of such Grantor on the books and records of such
        limited liability company and all dividends, distributions, cash, warrants, rights, options, instruments, securities and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any
        or all of such limited liability company interests and any other warrant, right or option to acquire any of the foregoing.

    

    

    “Pledged Notes” shall mean all
        promissory notes now owned or hereafter acquired by any Grantor (other than any such promissory notes that are Excluded Assets), including those listed on Schedule 4.6(b) (as such schedule may be amended or supplemented from time to time).

    

    

    “Pledged Partnership Interests” shall mean all interests of any Grantor now owned or hereafter acquired in any general partnership, limited partnership, limited liability partnership
        or other partnership (other than any such interests that are Excluded Assets), including all partnership interests listed on Schedule 4.6(a) hereto under the heading “Pledged Partnership Interests” (as such schedule may be amended or supplemented
        from time to time) and the certificates, if any, representing such partnership interests and any interest of such Grantor on the books and records of such partnership and all dividends, distributions, cash, warrants, rights, options, instruments,
        securities and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such partnership interests and any other warrant, right or option to acquire any of the
        foregoing.

    

    

    
      -6-

      
        

    

    “Pledged Security Entitlements” shall
        mean all security entitlements with respect to the financial assets listed on Schedule 4.6(b) (as such schedule may be amended from time to time) and all other security entitlements of any Grantor.

    

    

    “Pledged Stock” shall mean all shares
        of capital stock (other than any such shares that are Excluded Assets) now owned or hereafter acquired by any Grantor, including all shares of capital stock listed on Schedule 4.6(a) hereto under the heading “Pledged Stock” (as such schedule may be
        amended or supplemented from time to time), and the certificates, if any, representing such shares and any interest of such Grantor in the entries on the books of the issuer of such shares and all dividends, distributions, cash, warrants, rights,
        options, instruments, securities and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such shares and any other warrant, right or option to acquire any of the
        foregoing.

    

    

    “Pledged Trust Interests” shall mean all interests of any Grantor now owned or hereafter acquired in a Delaware business trust or other trust (other than any such interests that
        are Excluded Assets), including all trust interests listed on Schedule 4.6(a) hereto under the heading “Pledged Trust Interests” (as such schedule may be amended or supplemented from time to time) and the certificates, if any, representing such
        trust interests and any interest of such Grantor on the books and records of such trust 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 trust interests and any other warrant, right or option to acquire any of the
        foregoing.

    

    

    “Proceeds” shall mean all “proceeds” as
        such term is defined in Section 9-102(a)(64) of the New York UCC and, in any event, shall include all dividends or other income from the Investment Property, collections thereon or distributions or payments with respect thereto.

    

    

    “Secured Obligations” shall have the
        meaning assigned to such term in the Credit Agreement. Notwithstanding anything to the contrary contained herein or in any other Loan Document, in no event will the Secured Obligations include any Excluded Swap Obligations.

    

    

    “Secured Parties” shall mean,
        collectively, the Lead Arranger, the Administrative Agent, the Lenders, the Issuing Banks and Secured Bank Product Providers, to which Secured Obligations, as applicable, are owed.

    

    

    “Securities Act” shall mean the
        Securities Act of 1933, as amended.

    

    

    “Software” shall
          mean computer programs, object code, source code and supporting documentation, including “software” as such term is defined in the Uniform Commercial Code as in effect on the date hereof in the State of New York.

    

    

    “Termination Date” shall have the
        meaning assigned to such term in Section 2.1(c).

    

    

    “Trademark License” shall mean any
        agreement, whether written or oral, providing for the grant by or to any Grantor of any right in, to or under any Trademark, including any of the foregoing referred to on Schedule 4.8(a) (as such schedule may be amended or supplemented from time to
        time).

    

    

    
      -7-

      
        

    

    “Trademarks” shall mean all right,
        title and interest in and to (i) all trademarks, trade names, corporate names, company names, business names, fictitious business names, trade styles, service marks, designs, logos, trade dress, slogans and other source or business identifiers, or
        any other indicia of origin, now existing or hereafter adopted or acquired, all registrations and recordings thereof, and all applications in connection therewith (but excluding abandoned applications), in the United States Patent and Trademark
        Office or in any similar office or agency of the United States or any State thereof and all common-law rights related thereto, including any of the foregoing listed on Schedule 4.8(a) (as such schedule may be amended or supplemented from time to
        time), (ii) the right to, and to obtain, all renewals thereof, (iii) the goodwill of the business symbolized by the foregoing and (iv) other source or business identifiers, designs and general intangibles of a like nature.

    

    

    “Trade Secret License” shall mean any
        agreement, whether written or oral, providing for the grant by or to any Grantor of any right in, to or under any Trade Secret.

    

    

    “Trade Secrets” shall mean all trade
        secrets and all other confidential or proprietary information and know-how, including unpatented inventions, invention disclosures,
          engineering or other technical data, financial data, procedures, know-how, designs, personal information, supplier lists, customer lists, business, production or marketing plans, formulae, methods (whether or not patentable), pro-code and data
          collections (all of the foregoing being collectively called a “Trade Secret”), whether or not reduced to a writing or other tangible form, including all
        documents and things embodying, incorporating or describing such Trade Secret, the right to sue for past, present and future misappropriations of any Trade Secret and all proceeds of the foregoing, including royalties, income, payments, claims,
        damages and proceeds of suit.

    

    

    “Trust Funds” shall mean any cash or
        cash equivalents comprised of (i) funds specifically and exclusively used for payroll taxes, payroll and other employee benefit payments to or for the benefit of any Grantor’s or any of their subsidiaries’ employees, (ii) all taxes required to be
        collected, remitted or withheld (including, without limitation, federal and state withholding taxes (including the employer’s share thereof)) and (iii) any other funds which such Grantor holds as an escrow or fiduciary for such person.

    

    

    1.2.        Other Definitional Provisions.  The words “hereof,” “herein,” “hereto” and “hereunder” and words of similar import when used in this Agreement shall refer to this
        Agreement as a whole and not to any particular provision of this Agreement, and Section and Schedule references are to the specific provisions of this Agreement unless otherwise specified.

    

    

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

    

    

    (b)          Where the
        context requires, terms relating to the Collateral or any part thereof, when used in relation to a Grantor, shall refer to the property or assets such Grantor has granted as Collateral or the relevant part thereof.

    

    

    (c)          The
        expressions “payment in full,” “paid in full” and any other similar terms or phrases when used herein with respect to the Secured Obligations shall mean the Full Payment of all of the Secured Obligations, in each case, unless otherwise specified.

    

    

    (d)          The words
        “include,” “includes” and “including,” and words of similar import, shall not be limiting and shall be deemed to be followed by the phrase “without limitation.”

    

    

    
      -8-

      
        

    

    
      
        	

              	SECTION 2.	
                GUARANTEE

              

      

    

    

    

    2.1.        Guarantee.  Each of the Guarantors hereby, jointly and severally, unconditionally and irrevocably, guarantees to the Administrative Agent, for the benefit of the
        Secured Parties and their respective successors, indorsees and permitted transferees and assigns, the prompt and complete payment and performance by the Borrowers when due (whether at the stated maturity, by acceleration or otherwise) of the
        Secured Obligations.

    

    

    (a)         If and to
        the extent required in order for the Secured Obligations of any Guarantor to be enforceable under applicable federal, state and other laws relating to the insolvency of debtors, the maximum liability of such Guarantor hereunder shall be limited to
        the greatest amount which can lawfully be guaranteed by such Guarantor under such laws, after giving effect to any rights of contribution, reimbursement and subrogation arising under Section 2.2.

    

    

    (b)         Each
        Guarantor agrees that the Secured Obligations may at any time and from time to time be incurred or permitted in an amount exceeding the maximum liability of such Guarantor hereunder without, to the extent permitted by applicable law, impairing the
        guarantee contained in this Section 2 or affecting the rights and remedies of any Secured Party hereunder.

    

    

    (c)          The
        guarantee contained in this Section 2 shall remain in full force and effect until the date when no Commitments are outstanding and Full Payment of all of the Secured Obligations has been made (the “Termination Date”), notwithstanding that from time to time during the term of the Credit Agreement the Borrowers may not then owe any Secured Obligations.

    

    

    (d)         No payment
        made by any Borrower, any of the Guarantors, any other guarantor or any other person or received or collected by any Secured Party from any Borrower, any of the Guarantors, any other guarantor or any other person by virtue of any action or
        proceeding or any set-off or appropriation or application at any time or from time to time in reduction of or in payment of the Secured Obligations shall be deemed to modify, reduce, release or otherwise affect the liability of any Guarantor
        hereunder which shall, notwithstanding any such payment (other than any payment made by such Guarantor (including by means of setoff or appropriation) in respect of the Secured Obligations or any payment received or collected from such Guarantor in
        respect of the Secured Obligations), remain liable for the Secured Obligations up to the maximum liability of such Guarantor hereunder until the Termination Date.

    

    

    2.2.         Rights of Reimbursement, Contribution and Subrogation.  In case any payment is made on account of the Secured Obligations by any Agreement Party or is received or
        collected on account of the Secured Obligations from any Agreement Party or its property:

    

    

    (a)          If such
        payment is made by a Borrower or from its property, then, if and to the extent such payment is made on account of Secured Obligations arising from or relating to a Loan or other extension of credit made to such Borrower, such Borrower shall not be
        entitled (i) to demand or enforce reimbursement or contribution in respect of such payment from any other Agreement Party or (ii) to be subrogated to any claim, interest, right or remedy of any Secured Party against any other person, including any
        other Agreement Party or its property.

    

    

    (b)          If such
        payment is made by a Guarantor or from its property, such Guarantor shall be entitled, subject to and upon Full Payment of the Secured Obligations and termination of the Commitments, (i) to demand and enforce reimbursement for the full amount of
        such payment from a Borrower and (ii) to demand and enforce contribution in respect of such payment from each other Guarantor that has not paid its fair share of such payment, as necessary to ensure that (after giving effect to any enforcement of
        reimbursement rights provided hereby) each Guarantor pays its fair share of the unreimbursed portion of such payment. For this purpose, the fair share of each Guarantor as to any unreimbursed payment shall be determined based on an equitable
        apportionment of such unreimbursed payment among all Guarantors based on the relative value of their assets and any other equitable considerations deemed appropriate by a court of competent jurisdiction.

    

    

    
      -9-

      
        

    

    (c)          Until the
        Termination Date, notwithstanding Sections 2.2(a) and 2.2(b), no Agreement Party shall be entitled to be subrogated (equally and ratably with all other Agreement Parties entitled to reimbursement or contribution from any other Agreement Party as
        set forth in this Section 2.2) to any security interest that may then be held by the Administrative Agent upon any Collateral granted to it in this Agreement, nor shall any Agreement Party seek or be entitled to seek any contribution or
        reimbursement from a Borrower or any other Agreement Party in respect of payments made by any Agreement Party hereunder.  Such right of subrogation shall be enforceable solely against the Agreement Parties, and not against the Secured Parties, and
        neither the Administrative Agent nor any other Secured Party shall have any duty whatsoever to warrant, ensure or protect any such right of subrogation or to obtain, perfect, maintain, hold, enforce or retain any Collateral for any purpose related
        to any such right of subrogation.  If subrogation is demanded by any Agreement Party, then (and only after the Termination Date) the Administrative Agent shall deliver to the Agreement Parties making such demand, or to a representative of such
        Agreement Parties or of the Agreement Parties generally, an instrument reasonably satisfactory to the Administrative Agent transferring, on a quitclaim basis without any recourse, representation, warranty or obligation whatsoever, whatever security
        interest the Administrative Agent then may hold in whatever Collateral may then exist that was not previously released or disposed of by the Administrative Agent.

    

    

    (d)         All rights
        and claims arising under this Section 2.2 or based upon or relating to any other right of reimbursement, indemnification, contribution or subrogation that may at any time arise or exist in favor of any Agreement Party as to any payment on account
        of the Secured Obligations made by it or received or collected from its property shall be fully subordinated in all respects prior to the Termination Date.  Until the Termination Date, no Agreement Party shall demand or receive any collateral
        security, payment or distribution whatsoever (whether in cash, property or securities or otherwise) on account of any such right or claim.  If any such payment or distribution is made or becomes available to any Agreement Party in any bankruptcy
        case or receivership, insolvency or liquidation proceeding, such payment or distribution shall be delivered by the person making such payment or distribution directly to the Administrative Agent, for application to the payment of the Secured
        Obligations.  If any such payment or distribution is received by any Agreement Party, it shall be held by such Agreement Party in trust, as trustee of an express trust for the benefit of the Secured Parties, and shall promptly be transferred and
        delivered by such Agreement Party to the Administrative Agent, in the exact form received and, if necessary, duly endorsed, to be applied against any Secured Obligations then outstanding in accordance with the Credit Agreement.

    

    

    (e)         The
        obligations of the Agreement Parties under the Loan Documents, including their liability for the Secured Obligations and the enforceability of the security interests granted thereby, are not contingent upon the validity, legality, enforceability,
        collectability or sufficiency of any right of reimbursement, contribution or subrogation arising under this Section 2.2 and the provisions of this Section 2.2 shall in no respect limit the obligations and liabilities of any Guarantor to the
        Administrative Agent and Secured Parties, and each Guarantor shall remain liable to the Administrative Agent and the Secured Parties for the full amount guaranteed by such Guarantor hereunder.  The invalidity, insufficiency, unenforceability or
        uncollectability of any such right shall not in any respect diminish, affect or impair any such obligation or any other claim, interest, right or remedy at any time held by any Secured Party against any Guarantor or its property.  The Secured
        Parties make no representations or warranties in respect of any such right and shall have no duty to assure, protect, enforce or ensure any such right or otherwise relating to any such right.

    

    

    
      -10-

      
        

    

    (f)          Each
        Agreement Party reserves any and all other rights of reimbursement, contribution or subrogation at any time available to it as against any other Agreement Party, but (i) the exercise and enforcement of such rights shall be subject to Section 2.2(d)
        and (ii) neither the Administrative Agent nor any other Secured Party shall ever have any duty or liability whatsoever in respect of any such right, except as provided in the last sentence of Section 2.2(c).

    

    

    2.3.        Amendments, etc. with Respect to the Secured Obligations.  Each Guarantor shall remain obligated hereunder notwithstanding that, without any reservation of rights
        against any Guarantor and without notice to or further assent by any Guarantor, any demand for payment of any of the Secured Obligations made by any Secured Party may be rescinded by such Secured Party and any of the Secured Obligations continued,
        and the Secured Obligations, or the liability of any other person upon or for any part thereof, or any collateral security or guarantee therefor or right of offset with respect thereto, may, from time to time, in whole or in part, be renewed,
        increased, extended, amended, modified, accelerated, compromised, waived, surrendered or released by any Secured Party, and the Credit Agreement and the other Loan Documents and any other documents executed and delivered in connection therewith may
        be amended, modified, supplemented or terminated, in whole or in part, as the Administrative Agent (or the Required Lenders, Required Revolver Lenders or all Lenders, as the case may be) and the applicable Loan Parties may deem advisable from time
        to time, and any collateral security, guarantee or right of offset at any time held by any Secured Party for the payment of the Secured Obligations may be sold, exchanged, waived, surrendered or released.  No Secured Party shall have any obligation
        to protect, secure, perfect or insure any Lien at any time held by it as security for the Secured Obligations or for the guarantee contained in this Section 2 or any property subject thereto.

    

    

    2.4.        Guarantee Absolute and Unconditional.  Each Guarantor waives, to the extent permitted by applicable law, any and all notice of the creation, renewal, extension or
        accrual of any of the Secured Obligations and notice of or proof of reliance by any Secured Party upon the guarantee contained in this Section 2 or acceptance of the guarantee contained in this Section 2; the Secured Obligations, and any of them,
        shall conclusively be deemed to have been created, contracted or incurred, or renewed, extended, amended or waived, in reliance upon the guarantee contained in this Section 2; and all dealings between any Borrower and any of the Guarantors, on the
        one hand, and the Secured Parties, on the other hand, likewise shall be conclusively presumed to have been had or consummated in reliance upon the guarantee contained in this Section 2.  Each Guarantor waives, to the extent permitted by applicable
        law, diligence, presentment, protest, demand for payment and notice of default or nonpayment to or upon any Borrower or any of the Guarantors with respect to the Secured Obligations.  Each Guarantor understands and agrees, to the extent permitted
        by applicable law, that until the Termination Date the guarantee contained in this Section 2 shall be construed as a continuing, absolute and unconditional guarantee of payment and performance without regard to (a) the validity or enforceability of
        the Credit Agreement or any other Loan Document, any of the Secured Obligations or any other collateral security therefor or guarantee or right of offset with respect thereto at any time or from time to time held by any Secured Party, (b) any
        defense, set-off or counterclaim (other than a defense of payment, performance or release of guarantee hereunder) which may at any time be available to or be asserted by a Borrower or any other person against any Secured Party, or (c) any other
        circumstance whatsoever (with or without notice to or knowledge of the Borrower or such Guarantor) which constitutes, or might be construed to constitute, an equitable or legal discharge of the Borrowers for the Secured Obligations, or of such
        Guarantor under the guarantee contained in this Section 2, in bankruptcy or in any other instance.  When making any demand hereunder or otherwise pursuing its rights and remedies hereunder against any Guarantor, any Secured Party may, but shall be
        under no obligation to, make a similar demand on or otherwise pursue such rights and remedies as it may have against any Borrower, any other Guarantor or any other person or against any collateral security or guarantee for the Secured Obligations
        or any right of offset with respect thereto, and any failure by any Secured Party to make any such demand, to pursue such other rights or remedies or to collect any payments from any Borrower, any other Guarantor or any other person or to realize
        upon any such collateral security, guarantee or to exercise any such right of offset, or any release of any Borrower, any other Guarantor or any other person or any such collateral security, guarantee or right of offset, shall not relieve any
        Guarantor of any obligation or liability hereunder, and shall not impair or affect the rights and remedies, whether express, implied or available as a matter of law, of any Secured Party against any Guarantor, except to the extent of any such
        release.  For the purposes hereof “demand” shall include the commencement and continuance of any legal proceedings.

    

    

    
      -11-

      
        

    

    2.5.        Reinstatement.  The guarantee contained in this Section 2 shall continue to be effective, or be reinstated, as the case may be, if at any time payment, or any part
        thereof, of any of the Secured Obligations is rescinded or must otherwise be restored or returned by any Secured Party upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of any Borrower or any Guarantor, or upon or as a
        result of the appointment of a receiver, intervenor or conservator of, or trustee or similar officer for, any Borrower or any Guarantor or any substantial part of its property, or otherwise, all as though such payments had not been made.

    

    

    2.6.       Payments.  Each Guarantor hereby guarantees that payments hereunder will be paid to the Administrative Agent without set-off or counterclaim in Dollars in
        immediately available funds at the office of the Administrative Agent as specified in the Credit Agreement.

    

    

    2.7.        Subordination of Indebtedness Held by Guarantors. 
          Until the Termination Date, any indebtedness of any Borrower or any other Loan Party now or hereafter held by any Guarantor is hereby subordinated to the indebtedness of such Borrower or such other Loan Party to the Secured Parties; and such
          indebtedness of such Borrower or such other Loan Party to any Guarantor, if the Administrative Agent or the Collateral Agent, after an Event of Default has occurred and is continuing, so requests, shall be collected, enforced and received by such
          Guarantor as trustee for the Secured Parties and be paid over to the Secured Parties on account of the indebtedness of such Borrower or such other Loan Party to the Secured Parties, but without affecting or impairing in any manner the liability
          of such Guarantor under the other provisions of this Agreement.  Prior to the transfer by any Guarantor of any note or negotiable instrument evidencing any indebtedness of such Borrower or any other Loan Party to such Guarantor, such Guarantor
          shall mark such note or negotiable instrument with a legend that the same is subject to this subordination.

    

    

    2.8.        Keepwell  Each Qualified ECP Guarantor hereby jointly and severally absolutely, unconditionally and irrevocably undertakes to provide such funds or other support as
        may be needed from time to time by each other Loan Party to honor all of its obligations under this Agreement in respect of Swap Obligations (provided, however, that each Qualified ECP Guarantor shall only be liable under this Section 2.8
        for the maximum amount of such liability that can be hereby incurred without rendering its obligations under this Section 2.8, or otherwise under this
        Agreement, voidable under applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations of each Qualified ECP Guarantor under this Section 2.8 shall remain in full force and effect until the Termination Date. Each Qualified ECP Guarantor intends that this Section 2.8
        constitute, and this Section 2.8 shall be deemed to constitute, a “keepwell, support, or other agreement” for the benefit of each other Loan Party for all
        purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.

    

    

    
      
        	

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

              

      

    

    

    

    (a)          Each Grantor
        hereby assigns and transfers to the Administrative Agent, and hereby grants to the Administrative Agent, for the benefit of the Secured Parties, a security interest in all of the personal property of such Grantor, including the following property,
        in each case, wherever located and now owned or at any time hereafter acquired by such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title or interest (collectively, the “Collateral”), as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Secured Obligations:

    

    

    
      -12-

      
        

    

    (i)           all Accounts;

    

    

    (ii)          all Chattel Paper;

    

    

    (iii)         all Collateral Accounts and all Collateral Account Funds;

    

    

    (iv)         all Commercial Tort Claims in excess of $5,000,000, in each case, from time to time specifically described on Schedule 3(a);

    

    

    (v)          all Contracts;

    

    

    (vi)         all Documents;

    

    

    (vii)        all Equipment;

    

    

    (viii)       all Fixtures;

    

    

    (ix)         all General Intangibles;

    

    

    (x)          all Goods;

    

    

    (xi)         all Instruments;

    

    

    (xii)        all insurance;

    

    

    (xiii)       all Intellectual Property;

    

    

    (xiv)       all Inventory;

    

    

    (xv)        all Investment Property;

    

    

    (xvi)       all Letters of Credit and Letter of Credit Rights;

    

    

    (xvii)      all Money;

    

    

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

    

    

    (xix)      to the extent not otherwise included, all other personal property, whether tangible or intangible, of the Grantor and all Proceeds, products, accessions, rents and profits of any and all of the foregoing and all collateral security,
        Supporting Obligations and guarantees given by any person with respect to any of the foregoing;

    

    

    
      -13-

      
        

    

    provided that, notwithstanding any other provision set
        forth in this Agreement, the term “Collateral” and the component definitions thereof shall not include, and this Agreement shall not, at any time, constitute a grant of a security interest in any property that is an Excluded Asset.

    

    

    (b)         Notwithstanding

        anything herein to the contrary, (i) each Grantor shall remain liable for all obligations under and in respect of the Collateral and nothing
        contained herein is intended or shall be a delegation of duties to the Administrative Agent or any other Secured Party, (ii) each Grantor shall remain liable under and each of the agreements included in the Collateral, including any Accounts, any
        Contracts and 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 and neither the
        Administrative Agent nor any other Secured Party shall have any obligation or liability under any of such agreements by reason of or arising out of this Agreement or any other document related hereto nor shall the Administrative Agent nor any other
        Secured Party have any obligation to make any inquiry as to the nature or sufficiency of any payment received by it or have any obligation to take any action to collect or enforce any rights under any agreement included in the Collateral, including
        any agreements relating to any Accounts, any Contracts or any agreements relating to Pledged Partnership Interests or Pledged LLC Interests and (iii) the exercise by the Administrative 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, including any agreements relating to any Accounts, any Contracts and any agreements relating to Pledged Partnership Interests or Pledged
        LLC Interests.

    

    

    
      
        	

              	SECTION 4.	
                REPRESENTATIONS AND WARRANTIES

              

      

    

    

    

    To induce the Lead Arranger, the Administrative Agent and the Lenders to enter into the Credit Agreement and to induce the
        Lenders to make their respective Credit Extensions to the Borrowers thereunder, each Grantor hereby represents and warrants to the Secured Parties that each representation and warranty contained in Article III of the Credit Agreement is true and correct in all material respects (other than any representation or warranty that is qualified by materiality or makes reference to
          Material Adverse Effect, which such representations and warranty shall be true and correct in all respects) on and as of the Closing Date (except as limited by Section 4.01 of the Credit Agreement) and on and as of the date of each Credit
          Extension, except if such representation or warranty refers to a specific date or period, then as of such date or for such period, as if made by such Grantor herein and that:

    

    

    4.1.        Title; No Other Liens.  Such Grantor owns each item of the Collateral free and clear of any and all Liens, including Liens arising as a result of such Grantor
        becoming bound (as a result of merger or otherwise) as grantor under a security agreement entered into by another person, except for Liens permitted by Section 6.02 of the Credit Agreement.

    

    

    4.2.         [Reserved]

    

    

    4.3.         Name; Jurisdiction of Organization, etc.  On the date hereof, such Grantor’s exact legal name (as indicated on the public record of such Grantor’s jurisdiction of
        formation or organization), jurisdiction of organization, organizational identification number, if any, and the location of such Grantor’s chief executive office or sole place of business are specified on Schedule 4.3.  On the date hereof, except
        as otherwise described in the Collateral Questionnaire, each Grantor is organized solely under the law of the jurisdiction so specified and has not filed any certificates of domestication, transfer or continuance in any other jurisdiction.  On the
        date hereof, except as otherwise described in the Collateral Questionnaire, no such Grantor has changed its name, jurisdiction of organization, chief executive office or sole place of business in any way (e.g. by merger, consolidation, change in
        corporate form or otherwise) within the past five years and has not within the last five years become bound (whether as a result of merger or otherwise) as a grantor under a security agreement (other than in respect of a Lien permitted by
        Section 6.02 of the Credit Agreement) entered into by another person, which has not heretofore been terminated.

    

    

    
      -14-

      
        

    

    4.4.        Inventory and Equipment.  As of the Closing Date, such Grantor does not maintain Equipment or Inventory (other than mobile goods or Inventory or Equipment in transit
        or, out for repair) with a value in excess of $1,000,000 at any location other than the locations set forth on Schedule 4.4.

    

    

    4.5.         Farm Products.  None of the Collateral constitutes, or is the Proceeds of, Farm Products.

    

    

    4.6.         Investment Property.

    

    

    (a)         Schedule 4.6(a)

        hereto (as such schedule may be amended or supplemented from time to time by notice from one or more Grantors to the Administrative Agent) sets forth under the headings “Pledged Stock,” “Pledged LLC Interests,” “Pledged Partnership Interests” and
        “Pledged Trust Interests,” respectively, all of the Pledged Stock, Pledged LLC Interests, Pledged Partnership Interests and Pledged Trust Interests owned by any Grantor and such Pledged Equity Interests constitute the percentage of issued and
        outstanding shares of stock, percentage of membership interests, percentage of partnership interests or percentage of beneficial interest of the respective Issuers thereof indicated on such schedule.

    

    

    (b)         Schedule 4.6(b)

        (as such schedule may be amended or supplemented from time to time by notice from one or more Grantors to the Administrative Agent) sets forth under the heading “Pledged Debt Securities” or “Pledged Notes” all of the Pledged Debt Securities and
        Pledged Notes owned by any Grantor, and except as set forth on Schedule 4.6(b) (as such schedule may be amended or supplemented from time to time by notice from one or more Grantors to the Administrative Agent) all of the intercompany Pledged Debt
        Securities and intercompany Pledged Notes have been duly authorized, authenticated or issued, and delivered and is the legal, valid and binding obligation of the issuers thereof enforceable in accordance with their 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 and constitutes all of the
        issued and outstanding inter-company indebtedness evidenced by an instrument or certificated security of the respective issuers thereof owing to such Grantor.

    

    

    (c)          The Pledged
        Equity Interests issued by any Subsidiary have been duly and validly issued and, if applicable, are fully paid and nonassessable (except for shares of any unlimited liability company which are assessable in certain circumstances).

    

    

    (d)          None of the
        terms of any uncertificated Pledged LLC Interests and Pledged Partnership Interests expressly provide that they are securities governed by Article 8 of the Uniform Commercial Code in effect from time to time in the “issuer’s jurisdiction” of each
        Issuer thereof (as such term is defined in the Uniform Commercial Code in effect in such jurisdiction).

    

    

    (e)          All
        certificated Pledged LLC Interests and Pledged Partnership Interests, if any, do not expressly provide that they are “securities” for purposes of Section 8-103(c) of the Uniform Commercial Code as in effect in any relevant jurisdiction.

    

    

    (f)          Such Grantor
        is the record and beneficial owner of, and has good and marketable title to, the Investment Property pledged by it hereunder, free of any and all Liens or options in favor of, or claims of, any other person, except the security interests created by
        this Agreement and Liens permitted by Section 6.02 of the Credit Agreement, 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.

    

    

    
      -15-

      
        

    

    (g)          Each Issuer
        that is not a Grantor hereunder has executed and delivered to the Administrative Agent an Acknowledgment and Consent, in substantially the form of Exhibit A, to the pledge of the Pledged Collateral pursuant to this Agreement.

    

    

    4.7.        Accounts.  No amount payable to such Grantor under or in connection with any Account that is included in the Collateral is evidenced by any Instrument or Tangible
        Chattel Paper with a value in excess of $5,000,000 which has not been delivered to the Administrative Agent to the extent required under Section 5.2.

    

    

    4.8.         Intellectual Property.

    

    

    (a)          As of the
        Closing Date, Schedule 4.8(a) lists all (i) Intellectual Property which is registered with a Governmental Authority or is the subject of an application for registration and all material unregistered Intellectual Property (other than unregistered
        Copyrights), in each case which is owned by such Grantor in its own name on the date hereof (collectively, the “Owned Intellectual Property”) and (ii) licenses
        of United States Intellectual Property applications or registrations in which such Grantor is an exclusive licensee.  As of the Closing Date, except as set forth in Schedule 4.8(a) and except as would not reasonably be expected to have a Material
        Adverse Effect, each such Grantor is the exclusive owner of the entire and unencumbered right, title and interest in and to all such Owned Intellectual Property and is otherwise entitled to use, and grant to others the right to use, all such Owned
        Intellectual Property subject only to the license terms of the licensing or franchise agreements referred to in paragraph (c) below.  Such Grantor has the right to use all Intellectual Property material for use in the operation of the business, but
        that it does not own (collectively, the “Licensed Intellectual Property”).

    

    

    (b)         As of the
        Closing Date, all Owned Intellectual Property set forth in Schedule 4.8(a) and, to such Grantor’s knowledge, all Licensed Intellectual Property (collectively, the “Material
            Intellectual Property”), is valid, subsisting, unexpired and has not been abandoned, except as would not reasonably be expected to have a Material Adverse Effect or otherwise set forth on Schedule 4.8(a). Neither the operation of
        such Grantor’s business as currently conducted or as contemplated to be conducted nor the use of the Intellectual Property in connection therewith conflicts with, infringes, misappropriates, dilutes, misuses or otherwise violates the Intellectual
        Property rights of any other person, except in each case as would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect.

    

    

    (c)          The rights
        of such Grantor in or to the Material Intellectual Property do not conflict with or infringe upon the rights of any third party, and no claim has been asserted in writing that the use of such Intellectual Property does or may infringe upon the
        rights of any third party, except in each case as would not reasonably be expected, individual or in the aggregate, to have a Material Adverse Effect.

    

    

    (d)         As of the
        Closing Date, no action or proceeding is pending or, to such Grantor’s knowledge, threatened (i) seeking to limit, cancel or question any Owned Intellectual Property or challenge either the validity or enforceability of such Owned Intellectual
        Property or any Grantor’s right, title, or interest in, or to, such Owned Intellectual Property, (ii) alleging that any services provided by, processes used by, or products manufactured or sold by such Grantor infringe any Intellectual Property
        right of any other person or (iii) alleging that any Material Intellectual Property is being licensed, sublicensed or used in violation of any Intellectual Property or any other right of any other person, in each case, which would reasonably be
        expected to have a Material Adverse Effect on the value of the Collateral, taken as a whole.  On the date hereof, to such Grantor’s knowledge, except as set forth on Schedule 4.8(d) no person is engaging in any activity that infringes upon, or is
        otherwise an unauthorized use of, any Material Intellectual Property or upon the rights of such Grantor therein.  The consummation of the Transactions contemplated by the Credit Agreement will not result in the termination or impairment of any of
        the Material Intellectual Property the loss of which would be reasonably likely to have a Material Adverse Effect.

    

    

    
      -16-

      
        

    

    (e)         To such
        Grantor’s knowledge, with respect to each Copyright License, Trademark License, Trade Secret License and Patent License that relates to Material Intellectual Property or the loss of which could otherwise have a Material Adverse Effect, such license
        is (i) valid, enforceable, and in full force and effect; (ii) not subject to any notice of termination prior to scheduled expiration, nor, to the knowledge of the Grantors, subject to any such termination based on the occurrence of any events that
        have occurred; and (iii) not the subject of any license agreements other than those disclosed in Schedule 4.8(a).

    

    

    (f)         Except in
        each case as would not reasonably be expected to have a Material Adverse Effect, (i) none of the Trade Secrets of such Grantor that are material to its business have been used, divulged, disclosed or appropriated to the detriment of such Grantor
        for the benefit of any other person; (ii) no employee, independent contractor or agent of such Grantor has misappropriated any trade secrets of any other person in the course of the performance of his or her duties as an employee, independent
        contractor or agent of such Grantor; and (iii) no employee, independent contractor or agent of such Grantor is in default or breach of any term of any employment agreement, non-disclosure agreement, assignment of inventions agreement or similar
        agreement or contract relating in any way to the protection, ownership, development, use or transfer of such Grantor’s Intellectual Property.

    

    

    (g)         Except as
        would not reasonably be expected to have a Material Adverse Effect, such Grantor has taken all commercially reasonable steps to use consistent standards of quality in the manufacture, distribution and sale of all products sold and provision of all
        services provided under or in connection with any item of Intellectual Property and has taken all commercially reasonable steps to ensure that all licensed users of any kind of Intellectual Property use such consistent standards of quality.

    

    

    (h)          No Grantor
        is a party to any settlement or consents, judgment, injunction, order, decree, covenants not to sue, non-assertion assurances or releases that would impair the validity or enforceability of, or such Grantor’s rights in, any Material Intellectual
        Property.

    

    

    4.9.        Letters of Credit and Letter of Credit Rights.  No Grantor is a beneficiary or assignee under any letter of credit with a face amount in excess of $5,000,000
        (including any “Letter of Credit”) other than the letters of credit described on Schedule 4.9 (as such schedule may be amended or supplemented from time to time).

    

    

    
      
        	

              	SECTION 5.	
                COVENANTS

              

      

    

    

    

    Each Grantor covenants and agrees with the Secured Parties that, until the Termination Date:

    

    

    5.1.         Delivery and Control of Certain Collateral.

    

    

    (a)          If any of
        the Collateral is or shall become evidenced or represented by any Certificated Security or Tangible Chattel Paper, such Certificated Security or Tangible Chattel Paper shall be delivered promptly to the Administrative Agent, duly endorsed, if
        applicable, in a manner reasonably satisfactory to the Administrative Agent, to be held as Collateral pursuant to this Agreement, and, to the extent such property has not already been delivered to the Administrative Agent in connection with the
        Existing Credit Agreement, all of such property owned by any Grantor as of the Closing Date shall be delivered on the Closing Date.  Any Pledged Collateral evidenced or represented by any Instrument or Negotiable Document shall be delivered
        promptly to the Administrative Agent, duly endorsed, if applicable, in a manner reasonably satisfactory to the Administrative Agent, to be held as Collateral pursuant to this Agreement, and, to the extent such property has not already been
        delivered to the Administrative Agent in connection with the Existing Credit Agreement, all of such property owned by any Grantor as of the Closing Date shall be delivered on the Closing Date. Notwithstanding the foregoing, no Instrument, Tangible
        Chattel Paper, Pledged Debt Security constituting a Certificated Security or Negotiable Document shall be required to be delivered to the Administrative Agent pursuant to this clause (a) if the value thereof is less than $5,000,000 in the
        aggregate.

    

    

    
      -17-

      
        

    

    (b)         If any of
        the Collateral is or shall constitute “Electronic Chattel Paper” (under Article 9 of the UCC) such Grantor shall ensure (to the Administrative Agent’s reasonable satisfaction) that (i) a single authoritative copy exists which is unique,
        identifiable, unalterable (except as provided in clauses (iii), (iv) and (v) of this paragraph), (ii) such authoritative copy identifies the Administrative Agent as the assignee and is communicated to and maintained by the Administrative Agent or
        its designee, (iii) copies or revisions that add or change the assignee of the authoritative copy can only be made with the participation of the Administrative Agent, (iv) each copy of the authoritative copy and any copy of a copy is readily
        identifiable as a copy and not the authoritative copy and (v) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision; provided

          that such actions shall not be required to be taken until the aggregate face amount of the Electronic Chattel Paper included in the Collateral exceeds $5,000,000.

    

    

    (c)          If any
        Collateral with a value in excess of $5,000,000 shall become evidenced or represented by an Uncertificated Security, such Grantor shall cause the Issuer thereof either (i) to register the Administrative Agent as the registered owner of such
        Uncertificated Security, upon original issue or registration of transfer or (ii) to agree in writing with such Grantor and the Administrative Agent that such Issuer will comply with instructions with respect to such Uncertificated Security
        originated by the Administrative Agent without further consent of such Grantor, such agreement to be in the form as may be reasonably agreed to by the Administrative Agent, and such actions shall be taken on or prior to the Closing Date with
        respect to any Uncertificated Securities owned as of the Closing Date by any Grantor.

    

    

    5.2.         Maintenance of Perfected Security Interest; Further Documentation.

    

    

    (a)          Except as
        otherwise permitted by the Credit Agreement, such Grantor shall maintain each of the security interests created by this Agreement as a security interest having at least the perfection and priority described in Section 3.17 of the Credit Agreement
        and shall defend such security interest against the claims and demands of all persons whomsoever except as otherwise permitted by Section 6.02 of the Credit Agreement, subject to the provisions of Section 8.15.

    

    

    (b)          At any time
        and from time to time, upon the reasonable written request of the Administrative Agent, and at the sole expense of such Grantor, such Grantor shall promptly and duly authorize, execute and deliver, and have recorded, such further instruments and
        documents and take such further actions as the Administrative Agent may reasonably request in a manner consistent with the definition of Excluded Assets for the purpose of obtaining or preserving the full benefits of this Agreement and of the
        rights and powers herein granted, including, (i) the filing of any financing or continuation statements under the Uniform Commercial Code (or other similar laws) in effect in any jurisdiction with respect to the security interests created hereby
        and (ii) in the case of Investment Property subject to the requirements of Section 5.1 and any Deposit Accounts subject to the requirements of Section 5.12 of the Credit Agreement (including clause (j) of the definition of “Collateral and Guarantee
        Requirement”), taking any actions necessary to enable the Administrative Agent to obtain “control” (within the meaning of the applicable Uniform Commercial Code) with respect thereto; provided that, notwithstanding any other obligation set forth herein or in the Credit Agreement, the following Collateral shall not be required to be perfected: (i) vehicles and any other assets subject to certificates
        of title; (ii) Commercial Tort Claims; and (iii) Letter of Credit Rights to the extent not perfected by the filing of a Form UCC-1 financing statement.

    

    

    
      -18-

      
        

    

    5.3.         Changes in Locations, Name, Jurisdiction of Incorporation, etc.

    

    

    (a)          Such Grantor
        shall give prompt written notice to the Administrative Agent and deliver to the Administrative Agent duly authorized and, where required, executed copies of all additional financing statements and other documents reasonably requested in writing by
        the Administrative Agent to maintain the validity, perfection and priority of the security interests provided for herein after any of the following:

    

    

    (i)           a change in its jurisdiction of organization or the location of its chief executive office or sole place of business from that referred to in Section 4.3; or

    

    

    (ii)          a change in its legal name, identity or structure that would render any financing statement filed by the Administrative Agent in connection with this Agreement “seriously misleading” (as such term is used in Section 9-507(b) of the
        New York UCC),

    

    

    provided that no Grantor shall effect or permit any such
        change unless all filings have been made, or will have been made within any applicable statutory period, under the Uniform Commercial Code or otherwise that are required in order for the Administrative Agent to continue at all times following such
        change to have a valid, legal and perfected security interest in all the Collateral for the benefit of the Secured Parties.

    

    

    5.4.        Investment Property.

    

    

    (a)         If such
        Grantor shall receive any Certificated Security (including any certificate representing a stock dividend or a distribution in connection with any reclassification, increase or reduction of capital or any certificate issued in connection with any
        reorganization), options or rights in respect of the Equity Interests in any Issuer, whether in addition to, in substitution of, as a conversion of, or in exchange for, any shares of or other ownership interests in the Pledged Equity Interests, or
        otherwise in respect thereof, such Grantor shall accept the same as the agent of the Secured Parties, hold the same in trust for the Secured Parties and deliver the same promptly to the Administrative Agent in the exact form received, duly endorsed
        by such Grantor to the Administrative Agent, if required, together with an undated stock power or similar instrument of transfer covering such Certificated Security duly executed in blank by such Grantor, to be held by the Administrative Agent,
        subject to the terms hereof, as additional collateral security for the Secured Obligations.

    

    

    (i)          Without the prior written consent of the Administrative Agent, such Grantor shall not (i) vote to enable, or take any other action to permit, any Issuer of Pledged Equity Interests to issue any stock, partnership interests, limited
        liability company interests or other equity securities of any nature or to issue any other securities convertible into or granting the right to purchase or exchange for any stock, partnership interests, limited liability company interests or other
        equity securities of any nature of any such Issuer (except, in each case, pursuant to a transaction expressly permitted by the Credit Agreement), (ii) sell, assign, transfer, exchange, or otherwise dispose of, or grant any option with respect to,
        any of the Investment Property constituting Collateral or Proceeds thereof or any interest therein (except, in each case, pursuant to a transaction permitted by the Credit Agreement), (iii) create, incur or permit to exist any Lien or option in
        favor of, or any claim of any person with respect to, any of the Investment Property or Proceeds thereof, or any interest therein, except for the security interests created by this Agreement or any Lien permitted thereon pursuant to Section 6.02 of
        the Credit Agreement, (iv) enter into any agreement or undertaking restricting the right or ability of such Grantor or the Administrative Agent to sell, assign or transfer any of the Investment Property or Proceeds thereof or any interest therein
        or except as permitted by the Credit Agreement, or (v) cause or permit any Issuer of any Pledged Partnership Interests or Pledged LLC Interests which are not securities (for purposes of the New York UCC) on the date hereof to elect or otherwise
        take any action to cause such Pledged Partnership Interests or Pledged LLC Interests to be treated as securities for purposes of the New York UCC; provided, however, notwithstanding the foregoing, if any Issuer of any Pledged Partnership Interests
        or Pledged LLC Interests takes any such action in violation of the provisions in this clause (v), such Grantor shall promptly notify the Administrative Agent in writing of any such election or action and, in such event, shall take all steps
        necessary or advisable to establish the Administrative Agent’s “control” thereof.

    

    

    
      -19-

      
        

    

    (ii)          In the case of each Grantor which is an Issuer, such Issuer agrees that (i) it shall be bound by the terms of this Agreement relating to the Pledged Collateral issued by it and shall comply with such terms insofar as such terms are
        applicable to it, (ii) it shall notify the Administrative Agent concurrently with delivery of the financial statements required under Section 5.04(b) of the Credit Agreement in writing of the occurrence of any of the events described in
        Section 5.4(a) with respect to the Pledged Collateral issued by it and (iii) the terms of Sections 6.3(c) and 6.7 shall apply to it, mutatis mutandis, with respect to all actions that may be required of it pursuant to Section 6.3(c) or 6.7 with
        respect to the Pledged Collateral issued by it.  In addition, each Grantor which is either an Issuer or an owner of any Pledged Collateral hereby consents to the grant by each other Grantor of the security interest hereunder in favor of the
        Administrative Agent and to the transfer of any Pledged Collateral to the Administrative Agent or its nominee following an Event of Default and to the substitution of the Administrative Agent or its nominee as a partner, member or shareholder of
        the Issuer of the related Pledged Collateral.

    

    

    5.5.         Intellectual Property.

    

    

    (a)          Except as
        would not reasonably be expected to have a Material Adverse Effect or in connection with a transaction permitted by the Credit Agreement, each Grantor shall (i) to the extent commercially reasonable and consistent with past practice, continue to
        use each Trademark owned by such Grantor material to its business, (ii) maintain the quality of products and services offered under such Trademark at least at the level of quality of such products and services in the past, (iii) where commercially
        reasonable and feasible, use such Trademark with the appropriate notice of registration and all other notices and legends required by law, and (iv) not (and not permit any licensee or sublicensee of such Grantor to) knowingly do any act or
        knowingly omit to do any act whereby such Trademark is likely to become invalidated or materially impaired in any way, unless, in the case of each of the foregoing, such Grantor shall have determined, in its reasonable business judgment, that such
        Trademark is no longer necessary for, or desirable in the conduct of, such Grantor’s business.

    

    

    (b)          Except in
        connection with a transaction permitted by the Credit Agreement, no Grantor shall knowingly do any act or knowingly omit to do any act whereby any material portion of any material Copyright owned by such Grantor is likely to become invalidated or
        otherwise materially impaired, unless, in the case of each of the foregoing, such Grantor shall have determined, in its reasonable business judgment, that such Copyright is no longer necessary for, or desirable in, the conduct of, such Grantor’s
        business.  Such Grantor shall not knowingly do any act whereby any material portion of such Copyright is likely to fall into the public domain, unless such Grantor shall have determined, in its reasonable business judgment, that such Copyright or
        portion thereof is no longer necessary for, or desirable in the conduct of, such Grantor’s business.

    

    

    
      -20-

      
        

    

    (c)         Except as
        could not reasonably be expected to have a Material Adverse Effect or in connection with a transaction permitted by the Credit Agreement, no Grantor shall knowingly do any act that knowingly uses any Material Intellectual Property to infringe,
        misappropriate or violate the Intellectual Property rights of any other person in any material respect.

    

    

    (d)         Except in
        connection with a transaction permitted by the Credit Agreement, to the extent consistent with past practice, each Grantor shall use proper statutory notice in connection with the use of the Material Intellectual Property.

    

    

    (e)         Whenever
        such Grantor, either by itself or through any agent, employee, licensee or designee, shall acquire or become an exclusive licensee of any United States Intellectual Property application or registration or file an application for the registration of
        any Intellectual Property with the United States Patent and Trademark Office or the United States Copyright Office, which Intellectual Property is material to the operation of the business, such Grantor shall report such event to the Administrative
        Agent together with the delivery of the financial statements pursuant to Section 5.04(b) of the Credit Agreement.  Upon the reasonable written request of the Administrative Agent, such Grantor shall execute and deliver, and have recorded, any of
        the foregoing items.

    

    

    (f)          Except in
        connection with a transaction permitted by the Credit Agreement, each Grantor shall take all reasonable and necessary steps, in any proceeding before the United States Patent and Trademark Office or the United States Copyright Office to maintain
        and pursue each application (for registration) and to maintain each registration of Intellectual Property material to its business, including the prompt filing of all affidavits and other required documents, and the prompt payment of required fees
        and taxes, the filing of responses to office actions issued by the United States Patent and Trademark Office, the filing of applications for renewal or extension, the filing of affidavits of use and affidavits of incontestability, the payment of
        maintenance fees, and the participation in interference, opposition, cancellation, infringement and misappropriation proceedings , unless such Grantor shall have determined, in its reasonable business judgment, that any such application or
        registration of material Intellectual Property is no longer necessary for, or desirable in the conduct of, such Grantor’s business.

    

    

    (g)         Such Grantor
        agrees to execute an Intellectual Property Security Agreement with respect to its Intellectual Property in substantially the form of Exhibit B-1 in order to record the security interest granted in such Intellectual Property herein to the
        Administrative Agent for the benefit of the Secured Parties with the United States Patent and Trademark Office and the United States Copyright Office.

    

    

    (h)         If any
        Grantor makes an application for registration of Intellectual Property before the United States Patent and Trademark Office, the United States Copyright Office, or an equivalent thereof in any state of the United States, within forty-five (45) days
        of the submission of such application (or ten (10) days in the case of Copyrights), such Grantor shall deliver to the Administrative Agent a copy of such application.  In connection with such notice, each Grantor agrees to execute an After-Acquired
        Intellectual Property Security Agreement with respect to its After-Acquired Intellectual Property in substantially the form of Exhibit B-2 in order to record the security interest granted herein to the Administrative Agent for the benefit of the
        Secured Parties with the United States Patent and Trademark Office and the United States Copyright Office, as applicable.

    

    

    (i)          Each Grantor
        agrees, promptly upon learning thereof, to notify the Administrative Agent in writing and to furnish such pertinent information that may be available with respect to, any party who such Grantor believes in its reasonable business judgment is, or
        may be, materially infringing, misappropriating, misusing, diluting or otherwise violating any material Intellectual Property of such Grantor, or with respect to any party claiming that such Grantor’s use of Intellectual Property in or for such
        Grantor’s business violates in any material respect any Intellectual Property right of such party.  Each Grantor further agrees to prosecute diligently in accordance with its reasonable business practices and consistent with past practice any
        person infringing, misappropriating, misusing, diluting, or otherwise violating Intellectual Property that is material to such Grantor’s business.

    

    

    
      -21-

      
        

    

    (j)          Except in
        connection with a transaction permitted by the Credit Agreement, each Grantor shall take all commercially reasonable steps necessary to protect the secrecy of all Trade Secrets material to its business.

    

    

    5.6.       Commercial Tort Claims.  Such Grantor shall advise the Administrative Agent concurrently with delivery of the financial statements required under Section 5.04(b) of
        the Credit Agreement of any Commercial Tort Claim held by such Grantor in excess of $5,000,000 and shall promptly thereafter, upon written request by the Administrative Agent, execute a supplement to this Agreement in form and substance reasonably
        satisfactory to the Administrative Agent to grant a security interest in such Commercial Tort Claim to the Administrative Agent for the benefit of the Secured Parties.

    

    

    5.7.        Deposit Accounts.  The Grantors shall enter into Deposit Account Control Agreements with respect to each Deposit Account maintained by them (other than any Excluded
        Deposit Account) to the extent provided in Section 5.12(e) of the Credit Agreement and clause (j) of the definition of “Collateral and Guarantee Requirement” set forth therein.

    

    

    5.8.         Maintenance of Insurance. Each Grantor shall maintain insurance covering the Collateral in accordance with the provisions of Section 5.02 of the Credit Agreement.

    

    

    
      
        	

              	SECTION 6.	
                REMEDIAL PROVISIONS

              

      

    

    

    

    6.1.         Certain Matters Relating to Accounts.

    

    

    (a)         At any time
        after the occurrence and during the continuation of an Event of Default and after written notice is delivered to the Grantor, the Administrative Agent shall have the right to make test verifications of the Accounts in any manner and through any
        medium that it reasonably considers advisable, and each Grantor shall use commercially reasonable efforts to furnish all such assistance and information as the Administrative Agent may reasonably require in connection with such test verifications. 
        The Administrative Agent shall have the absolute right to share any information it gains from such inspection or verification with any Secured Party; provided
        that the provisions of Section 9.16 of the Credit Agreement shall apply to such information.

    

    

    (b)          Subject to
        Section 5.12(d) of the Credit Agreement, the Administrative Agent hereby authorizes each Grantor to collect such Grantor’s Accounts, and each Grantor hereby agrees to continue to collect all amounts due or to become due to such Grantor under the
        Accounts and any Supporting Obligation and diligently exercise each material right it may have under any Account and any Supporting Obligation, in each case, at its own expense; provided, however, that the Administrative Agent may curtail or terminate said authority at any time after the occurrence and
        during the continuance of an Event of Default or a Liquidity Period. Each such deposit of Proceeds of Accounts shall be accompanied by a report identifying in reasonable detail the nature and source of the payments included in the deposit.

    

    

    (c)          At the
        Administrative Agent’s reasonable written request after the occurrence and during the continuance of any Event of Default, each Grantor shall, at such Grantor’s expense, deliver to the Administrative Agent all (to the extent existing and available)
        original and other documents evidencing, and relating to, the agreements and transactions which gave rise to the Accounts, including all original orders, invoices and shipping receipts.

    

    

    
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    6.2.         Communications with Obligors; Grantors Remain Liable.

    

    

    (a)          The
        Administrative Agent in its own name or in the name of others may at any time after the occurrence and during the continuance of an Event of Default, communicate with obligors under the Accounts and parties to the Contracts to verify with them to
        the Administrative Agent’s reasonable satisfaction the existence, amount and terms of any Accounts or Contracts.  The Administrative Agent shall have the absolute right to share any information it gains from such inspection or verification with any
        Secured Party; provided, that the provisions of Section 9.16 of the Credit Agreement shall apply to such information.

    

    

    (b)         Upon
        reasonable written request of the Administrative Agent, at any time after the occurrence and during the continuance of any Event of Default, the Administrative Agent may at any time notify, or require any Grantor to so notify, the Account Debtor or
        counterparty on any Account or Contract of the security interest of the Administrative Agent therein.  In addition, at any time after the occurrence and during the continuance of any Event of Default, the Administrative Agent may upon written
        notice to the applicable Grantor, notify, or require any Grantor to notify, the Account Debtor or counterparty to make all payments under the Accounts and/or Contracts directly to the Administrative Agent.

    

    

    (c)          Anything
        herein to the contrary notwithstanding, each Grantor shall remain liable under each of the Accounts and Contracts to observe and perform all the conditions and obligations to be observed and performed by it thereunder, all in accordance with the
        terms of any agreement giving rise thereto.  Neither the Administrative Agent nor any Secured Party shall have any obligation or liability under any Account (or any agreement giving rise thereto) by reason of or arising out of this Agreement or the
        receipt by the Administrative Agent or any Secured Party of any payment relating thereto, nor shall the Administrative Agent or any Secured Party be obligated in any manner to perform any of the obligations of any Grantor under or pursuant to any
        Account (or any agreement giving rise thereto), to make any payment, to make any inquiry as to the nature or the sufficiency of any payment received by it or as to the sufficiency of any performance by any party thereunder, to present or file any
        claim, to take any action to enforce any performance or to collect the payment of any amounts which may have been assigned to it or to which it may be entitled at any time or times.

    

    

    6.3.         Pledged Collateral.

    

    

    (a)          Unless an
        Event of Default shall have occurred and be continuing and the Administrative Agent shall have given notice to the relevant Grantor of the Administrative Agent’s intent to exercise its corresponding rights pursuant to Section 6.3(b), each Grantor
        shall be permitted to receive all cash dividends paid in respect of the Pledged Equity Interests and all payments made in respect of the Pledged Notes, to the extent permitted in the Credit Agreement, and to exercise all voting and
        corporate rights with respect to the Pledged Collateral.

    

    

    (b)         If an Event
        of Default shall have occurred and be continuing and the Administrative Agent shall have given notice to the relevant Grantor of the Administrative Agent’s intent to exercise its rights pursuant to this Section 6.3(b): (i) all rights of each Grantor to exercise or refrain from exercising the voting and other consensual rights which it would otherwise be entitled to exercise pursuant hereto
        shall cease and all such rights shall thereupon become vested in the Administrative Agent who shall thereupon have the sole right, but shall be under no obligation, to exercise or refrain from exercising such voting and other consensual rights,
        (ii) the Administrative Agent shall have the right, without notice to any Grantor, to transfer all or any portion of the Investment Property to its name or the name of its nominee or agent and (iii) the Administrative Agent shall have the right to
        receive any and all cash dividends, payments or other Proceeds paid in respect of the Investment Property and make application thereof to the Secured Obligations in accordance with Section 6.5.  In addition, the Administrative Agent shall have the
        right at any time after the occurrence and during the continuance of any Event of Default, without notice to the relevant Grantor, to exchange any certificates or instruments representing any Investment Property for certificates or instruments of
        smaller or larger denominations.  In order to permit the Administrative Agent to exercise the voting and other consensual rights which it may be entitled to exercise pursuant hereto after the occurrence and during the continuance of any Event of
        Default and to receive all dividends and other distributions which it may be entitled to receive hereunder, each Grantor shall promptly execute and
        deliver (or cause to be executed and delivered) to the Administrative Agent all proxies, dividend payment orders and other instruments as the Administrative Agent may from time to time reasonably request in writing and each Grantor acknowledges that the Administrative Agent may utilize the power of attorney set forth herein.

    

    

    
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    (c)          If an Event
        of Default shall have occurred and be continuing, each Grantor hereby authorizes and instructs each Issuer of any Pledged Collateral pledged by such Grantor hereunder to (i) comply with any instruction received by it from the Administrative Agent
        in writing that (x) states that an Event of Default has occurred and is continuing and (y) is otherwise in accordance with the terms of this Agreement, without any other or further instructions from such Grantor, and each Grantor agrees that each
        Issuer shall be fully protected in so complying, and (ii) pay any dividends or other payments with respect to the Investment Property, including Pledged Collateral, directly to the Administrative Agent.

    

    

    (d)          If any Event of Default shall have occurred and be continuing, each Grantor hereby gives the Administrative Agent the power and right, on behalf of such Grantor,
          without notice to or assent by such Grantor, in the case of any Intellectual Property Collateral, to execute, deliver, and have recorded, any and all agreements, instruments, documents and papers as may be required by the United States Patent and
          Trademark Office, United States Copyright Office or similar registrar in order to effect an assignment of all right, title and interest in all registered Intellectual Property Collateral and each application for such registration, and record the
          same, as well as take any or all of the following actions: (1) declare the entire right, title and interest of such Grantor in and to the Intellectual Property Collateral, vested in the Administrative Agent for the benefit of the Lenders, in
          which event such right, title and interest shall immediately vest; (2) take and use or sell the Intellectual Property Collateral; (3) take and use or sell the goodwill of such Grantor’s business symbolized by the Trademarks included within the
          Intellectual Property Collateral and the right to carry on the business and use the assets of such Grantor in connection with which Trademarks or Domain Names included within the Intellectual Property Collateral have been used; and (4) direct
          such Grantor to refrain, in which event such Grantor shall refrain, from using the Intellectual Property Collateral or Licensed Intellectual Property in any manner whatsoever, directly or indirectly, and such Grantor shall execute such further
          documents that the Administrative Agent may reasonably request to further confirm this and to transfer ownership of the Intellectual Property Collateral and registrations and any pending applications in the United States Patent and Trademark
          Office, United States Copyright Office, equivalent office in a state of the United States or applicable Domain Name registrar to the Administrative Agent.

    

    

    6.4.        Proceeds to be Turned Over To Administrative Agent.  In addition to the rights of the Administrative Agent and the other Secured Parties specified in Section 6.1 of
        this Agreement and Section 5.12(d) of the Credit Agreement with respect to payments of Accounts and other Current Asset Collateral, if an Event of Default shall occur and be continuing, all Proceeds and other Collateral received by any Grantor
        consisting of cash, cash equivalents, checks and other near-cash items shall be held by such Grantor in trust for the Administrative Agent and the other Secured Parties, segregated from other funds of such Grantor, and shall, promptly upon demand,
        be turned over to the Administrative Agent in the exact form received by such Grantor (duly endorsed by such Grantor to the Administrative Agent, if required).  All such Proceeds and other Collateral received by the Administrative Agent hereunder
        shall be held by the Administrative Agent in the Dominion Account or in a Collateral Account.  All such Proceeds and other Collateral while held by the Administrative Agent in the Dominion Account or in a Collateral Account (or by such Grantor in
        trust for the Administrative Agent and the other Secured Parties) shall continue to be held as collateral security for all the Secured Obligations and shall not constitute payment thereof until applied as provided in Section 6.5.

    

    

    
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    6.5.        Application of Proceeds.  If an Event of Default shall have occurred and be continuing, at any time at the Administrative Agent’s election, the Administrative Agent
        may apply all or any part of the net Proceeds (after deducting fees and expenses as provided in Section 6.6) constituting Collateral realized through the exercise by the Administrative Agent of its remedies hereunder, whether or not held in the
        Dominion Account or in a Collateral Account, and any proceeds of the guarantee set forth in Section 2, in payment of the Secured Obligations in the manner provided in Section 7.02 of the Credit Agreement.

    

    

    6.6.         Code and Other Remedies.

    

    

    (a)          If an Event
        of Default shall have occurred and be continuing, the Administrative Agent, on behalf of the Secured Parties, may exercise, in addition to all other rights and remedies granted to them in this Agreement and in any other instrument or agreement
        securing, evidencing or relating to the Secured Obligations, all rights and remedies of a secured party under the New York UCC (whether or not the New York UCC applies to the affected Collateral) or its rights under any other applicable law or in
        equity.  Without limiting the generality of the foregoing, the Administrative Agent, without demand of performance or other demand, presentment, protest, advertisement or notice of any kind (except any notice required by law referred to below, by
        the Credit Agreement, this Agreement or any other Loan Document) to or upon any Grantor or any other person (all and each of which demands, defenses, advertisements and notices are hereby waived), may in such circumstances forthwith collect,
        receive, appropriate and realize upon the Collateral, or any part thereof, and/or may forthwith sell, lease, license, assign, give option or options to purchase, or otherwise dispose of and deliver the Collateral or any part thereof (or contract to
        do any of the foregoing), in one or more parcels at public or private sale or sales, at any exchange, broker’s board or office of any Secured Party or elsewhere upon such terms and conditions as it may deem advisable and at such prices as it may
        deem best, for cash or on credit or for future delivery without assumption of any credit risk.  Each Secured Party shall have the right upon any such public sale or sales, and, to the extent permitted by law, upon any such private sale or sales, to
        purchase the whole or any part of the Collateral so sold, free of any right or equity of redemption in any Grantor, which right or equity is hereby waived and released.  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 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, to the
        extent permitted by law, constitute reasonable notification.  The Administrative Agent shall not be obligated to make any sale of Collateral regardless of notice of sale having been given.  The Administrative Agent may adjourn any public or private
        sale from time to time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned.  The Administrative Agent may sell the Collateral without giving any
        warranties as to the Collateral.  The Administrative 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. Each Grantor agrees that it would not be commercially unreasonable for the Administrative Agent to dispose of the Collateral or any portion thereof by using Internet sites that provide for the auction of assets of the types included in
        the Collateral or that have the reasonable capability of doing so, or that match buyers and sellers of assets.  Each Grantor hereby waives any claims against the Administrative 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 Administrative Agent accepts the first offer received and does not offer such Collateral to more than one
        offeree.  Each Grantor further agrees, at the Administrative Agent’s reasonable written request, to assemble the Collateral and make it available to the Administrative Agent at places which the Administrative Agent shall reasonably select, whether
        at such Grantor’s premises or elsewhere upon the occurrence and during the continuance of any Event of Default.  The Administrative Agent shall have the right to enter onto the property where any Collateral is located and take possession thereof
        with or without judicial process. For the avoidance of doubt, the Administrative Agent may only exercise the rights and remedies set forth in this section if an Event of Default has occurred and is continuing.

    

    

    
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    (b)         The
        Administrative Agent shall apply the net proceeds of any action taken by it pursuant to this Section 6.6, after deducting all reasonable costs and expenses of every kind incurred in connection therewith or incidental to the care or safekeeping of
        any of the Collateral or in any way relating to the Collateral or the rights of the Secured Parties hereunder, including reasonable attorneys’ fees and disbursements to the extent required to be paid in accordance with the Credit Agreement, to the
        payment in whole or in part of the Secured Obligations in accordance with Section 6.5 and only after such application and after the payment by the Administrative Agent of any other  amount required by any provision of law, including
        Section 9-615(a) of the New York UCC, need the Administrative Agent account for the surplus, if any, to any Grantor.  If the Administrative Agent sells any of the Collateral upon credit, the Grantor will be credited only with payments actually made
        by the purchaser and received by the Administrative Agent and applied to indebtedness of the purchaser.  In the event the purchaser fails to pay for the Collateral, the Administrative Agent may resell the Collateral and the Grantor shall be
        credited with proceeds of the sale.  To the extent permitted by applicable law, each Grantor waives all claims, damages and demands it may acquire against any Secured Party arising out of the exercise by them of any rights hereunder.

    

    

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

    

    

    (d)         Each Grantor agrees to use its commercially reasonable efforts to do or cause to be done all such other acts as may be necessary to make such
          sale or sales of all or any portion of the Pledged Equity Interests or the Pledged Debt Securities pursuant to this Section 6.6 valid and binding and in compliance with any and all other applicable law.

    

    

    6.7.         Deficiency.  Each Grantor shall remain liable for any deficiency if the proceeds of any sale or other disposition of the Collateral are insufficient to pay its
        Secured Obligations.

    

    

    
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              	SECTION 7.	
                THE ADMINISTRATIVE AGENT

              

      

    

    

    

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

    

    

    (a)          Each Grantor
        hereby irrevocably constitutes and appoints the Administrative Agent and any officer or agent thereof, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable (until the Termination Date) power and authority
        in the place and stead of such Grantor and in the name of such Grantor or in its own name, for the purpose of carrying out the terms of this Agreement, to take any and all appropriate action and to execute any and all documents and instruments
        which may be necessary or desirable to accomplish the purposes of this Agreement, and, without limiting the generality of the foregoing, each Grantor hereby gives the Administrative Agent the power and right, on behalf of such Grantor, without
        notice to or assent by such Grantor, to do any or all of the following:

    

    

    (i)          in the name of such Grantor or its own name, or otherwise, take possession of and endorse and collect any checks, drafts, notes, acceptances or other instruments for the payment of moneys due under any Account or Contract or with
        respect to any other Collateral and file any claim or take any other action or proceeding in any court of law or equity or otherwise deemed reasonably appropriate by the Administrative Agent for the purpose of collecting any and all such moneys due
        under any Account or Contract or with respect to any other Collateral whenever payable;

    

    

    (ii)          in the case of any Intellectual Property Collateral, execute, deliver, and have recorded, any and all agreements, instruments, documents and papers that the Administrative Agent may reasonably request to effect the remedies set forth
        in Section 6.3(d);

    

    

    (iii)         pay or discharge taxes and Liens levied or placed on or threatened against the Collateral, effect any repairs or any insurance called for by the terms of this Agreement and pay all or any part of the premiums therefor and the costs
        thereof;

    

    

    (iv)         execute, in connection with any sale provided for in Section 6.6, any endorsements, assignments or other instruments of conveyance or transfer with respect to the Collateral; and

    

    

    (v)          (1) direct any party liable for any payment under any of the Collateral to make payment of any and all moneys due or to become due thereunder directly to the Administrative Agent or as the Administrative Agent shall direct; (2) ask or
        demand for, collect, and receive payment of and receipt for, any and all moneys, claims and other amounts due or to become due at any time in respect of or arising out of any Collateral; (3) sign and endorse any invoices, freight or express bills,
        bills of lading, storage or warehouse receipts, drafts against debtors, assignments, verifications, notices and other documents in connection with any of the Collateral; (4) commence and prosecute any suits, actions or proceedings at law or in
        equity in any court of competent jurisdiction to collect the Collateral or any portion thereof and to enforce any other right in respect of any Collateral; (5) defend any suit, action or proceeding brought against such Grantor with respect to any
        Collateral; (6) settle, compromise or adjust any such suit, action or proceeding and, in connection therewith, give such discharges or releases as the Administrative Agent may deem reasonably appropriate; (7) assign any Copyright, Patent or
        Trademark (along with the goodwill of the business to which any such Copyright, Patent or Trademark pertains), throughout the world for such term or terms, on such conditions, and in such manner, as the Administrative Agent shall in its reasonable
        discretion determine; and (8) generally, sell, transfer, pledge and make any agreement with respect to or otherwise deal with any of the Collateral as fully and completely as though the Administrative Agent were the absolute owner thereof for all
        purposes, and do, at the Administrative Agent’s option and such Grantor’s expense, at any time, or from time to time, all acts and things which the Administrative Agent deems reasonably necessary to protect, preserve or realize upon the Collateral
        and the Secured Parties’ security interests therein and to effect the intent of this Agreement, all as fully and effectively as such Grantor might do.

    

    

    
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    Anything in this Section 7.1(a) to the contrary notwithstanding, the Administrative Agent agrees that it will not exercise any
        rights under the power of attorney provided for in this Section 7.1(a) unless an Event of Default shall have occurred and be continuing.

    

    

    (b)          If an Event
        of Default has occurred and is continuing and if any Grantor fails to perform or comply with any of its agreements contained herein, the Administrative Agent, at its option, but without any obligation so to do, may perform or comply, or otherwise
        cause performance or compliance, with such agreement; provided, however
        if a Default has occurred and is continuing, and if any Grantor fails to perform or comply with any of its agreements contained herein, the Administrative Agent, at its option, but without any obligation so to do, may perform or comply, or
        otherwise cause performance or compliance (except as otherwise provided herein) solely to cause the Collateral and Guarantee Requirement to be, or remain, satisfied.

    

    

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

    

    

    7.2.        Duty of Administrative Agent.  The Administrative Agent’s sole duty with respect to the custody, safekeeping and physical preservation of the Collateral in its
        possession, under Section 9-207 of the New York UCC or otherwise, shall be to deal with it in the same manner as the Administrative Agent deals with similar property for its own account.  Neither the Administrative Agent, nor any other Secured
        Party nor any of their respective officers, directors, partners, employees, agents, attorneys and other advisors, attorneys-in-fact or affiliates shall be liable for failure to demand, collect or realize upon any of the Collateral or for any delay
        in doing so or shall be under any obligation to sell or otherwise dispose of any Collateral upon the request of any Grantor or any other person or to take any other action whatsoever with regard to the Collateral or any part thereof.  The powers
        conferred on the Secured Parties hereunder are solely to protect the Secured Parties’ interests in the Collateral and shall not impose any duty upon any Secured Party to exercise any such powers.  The Secured Parties shall be accountable only for
        amounts that they actually receive as a result of the exercise of such powers, and neither they nor any of their officers, directors, partners, employees, agents, attorneys and other advisors, attorneys-in-fact or affiliates shall be responsible to
        any Grantor for any act or failure to act hereunder, except from their own gross negligence or willful misconduct or breach of a duty owed to such Grantor.

    

    

    7.3.        Filing of Financing Statements.  Each Grantor acknowledges that pursuant to Section 9-509(b) of the New York UCC and any other applicable law, each Grantor
        authorizes the Administrative Agent to file or record financing or continuation statements, and amendments thereto, and other filing or recording documents or instruments with respect to the Collateral, in such form and in such offices as the
        Administrative Agent reasonably determines appropriate to perfect or maintain the perfection of the security interests of the Administrative Agent under this Agreement.  Each Grantor agrees that such financing statements may describe the collateral
        in the same manner as described in the Security Documents or as “all assets” or “all personal property,” whether now owned or hereafter existing or acquired or such other description as the Administrative Agent, in its sole judgment, reasonably
        determines is necessary or advisable.  A photographic or other reproduction of this Agreement shall be sufficient as a financing statement or other filing or recording document or instrument for filing or recording in any jurisdiction.

    

    

    
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    7.4.       Authority of Administrative Agent.  Each Grantor acknowledges that the rights and responsibilities of the Administrative Agent under this Agreement with respect to
        any action taken by the Administrative Agent or the exercise or non-exercise by the Administrative Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement
        shall, as between the Administrative Agent and the other Secured Parties, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Administrative Agent and
        the Grantors, the Administrative Agent shall be conclusively presumed to be acting as agent for the Secured Parties with full and valid authority so to act or refrain from acting, and no Grantor shall be under any obligation, or entitlement, to
        make any inquiry respecting such authority.

    

    

    7.5.        Appointment of Co-Collateral Agents.  At any time or from time to time, in order to comply with any applicable requirement of law, the Administrative Agent may
        appoint another bank or trust company or one of more other persons, either to act as co-agent or agents on behalf of the Secured Parties with such power and authority as may be reasonably necessary for the effectual operation of the provisions
        hereof and which may be specified in the instrument of appointment (which may, in the discretion of the Administrative Agent, include provisions for indemnification and similar protections of such co-agent or separate agent).

    

    

    
      
        	

              	SECTION 8.	
                MISCELLANEOUS

              

      

    

    

    

    8.1.        Amendments in Writing.  None of the terms or provisions of this Agreement may be waived, amended, supplemented or otherwise modified except in accordance with
        Section 9.08 of the Credit Agreement; provided that any provision of this Agreement imposing obligations on any Grantor may be waived by the Administrative
        Agent in a written instrument executed by the Administrative Agent.

    

    

    8.2.        Notices.  All notices, requests and demands to or upon the Administrative Agent or any Grantor hereunder shall be effected in the manner provided for in Section 9.01
        of the Credit Agreement; provided that any such notice, request or demand to or upon any Guarantor shall be addressed to such Guarantor at its notice address set forth on Schedule 8.2.

    

    

    8.3.       No Waiver by Course of Conduct; Cumulative Remedies.  No Secured Party shall by any act (except by a written instrument pursuant to Section 8.1), delay, indulgence,
        omission or otherwise be deemed to have waived any right or remedy hereunder or to have acquiesced in any Default or Event of Default.  No failure to exercise, nor any delay in exercising, on the part of any Secured Party, any right, power or
        privilege hereunder shall operate as a waiver thereof.  No single or partial exercise of any right, power or privilege hereunder shall preclude any other or further exercise thereof or the exercise of any other right, power or privilege.  A waiver
        by any Secured Party of any right or remedy hereunder on any one occasion shall not be construed as a bar to any right or remedy which such Secured Party would otherwise have on any future occasion.  The rights and remedies herein provided are
        cumulative, may be exercised singly or concurrently and are not exclusive of any other rights or remedies provided by law.

    

    

    8.4.       Enforcement Expenses; Indemnification.

    

    

    (a)        Each
        Agreement Party agrees to pay or reimburse each Secured Party for all its reasonable costs and expenses incurred in collecting against such Agreement Party under the guarantee contained in Section 2 or otherwise in enforcing or preserving any
        rights under this Agreement and the other Loan Documents to which such Agreement Party is a party (but limited in the case of legal fees and expenses, to those fees and expenses reimbursable under Section 9.05(a) of the Credit Agreement).

    

    

    
      -29-

      
        

    

    (b)         Each
        Agreement Party agrees to pay, and to hold the other Secured Parties harmless from, any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever with
        respect to, or resulting from any delay in paying, any and all stamp, excise, sales or other taxes which may be payable or determined to be payable with respect to any of the Collateral or in connection with any of the transactions contemplated by
        this Agreement.

    

    

    (c)         Each
        Agreement Party agrees to pay, and to hold the Secured Parties harmless from, any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever with
        respect to the execution, delivery, enforcement, performance and administration of this Agreement to the extent the Borrowers would be required to do so pursuant to Section 9.05 of the Credit Agreement.

    

    

    (d)          The
        agreements in this Section shall survive the Termination Date.

    

    

    8.5.        Successors and Assigns.  This Agreement shall be binding upon the successors and assigns of each Agreement Party and shall inure to the benefit of the Secured
        Parties and their respective permitted successors and assigns; provided that, except as otherwise permitted by the Credit Agreement, no Agreement Party may assign, transfer or delegate any of its rights or obligations under this Agreement without
        the prior written consent of the Administrative Agent, and any attempted assignment without such consent shall be null and void.

    

    

    8.6.        Set-Off.  Each Agreement Party hereby irrevocably authorizes each Secured Party at any time and from time to time while an Event of Default shall have occurred and
        be continuing, without notice to such Agreement Party or any other Agreement Party, any such notice being expressly waived by each Agreement Party to the extent permitted by applicable law, to set-off and appropriate and apply any and all deposits
        (general or special, time or demand, provisional or final), in any currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or
        owing by such Secured Party to or for the credit or the account of such Agreement Party, or any part thereof in such amounts as such Secured Party may elect, against and on account of the obligations and liabilities of such Agreement Party to such
        Secured Party hereunder and claims of every nature and description of such Secured Party against such Agreement Party, in any currency, whether arising hereunder, under the Credit Agreement, any other Loan Document or otherwise, as such Secured
        Party may elect, whether or not any Secured Party has made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured.  Each Secured Party shall notify such Agreement Party promptly of any such
        set-off and the application made by such Secured Party of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application.  The rights of each Secured Party under this Section are in
        addition to other rights and remedies (including other rights of set-off) which such Secured Party may have.

    

    

    8.7.        Counterparts.  This Agreement may be executed by one or more of the parties to this Agreement on any number of separate counterparts (including by facsimile or other
        electronic transmission (including.pdf)), and all of said counterparts taken together shall be deemed to constitute one and the same instrument.

    

    

    
      -30-

      
        

    

    8.8.        Severability.  Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent
        of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

    

    

    8.9.         Section Headings.  The Section headings used in this Agreement are for convenience of reference only and are not to affect the construction hereof or be taken into
        consideration in the interpretation hereof.

    

    

    8.10.      Integration.  This Agreement and the other Loan Documents represent the agreement of the Agreement Parties, the Administrative Agent and the other Secured Parties
        with respect to the subject matter hereof and thereof, and there are no promises, undertakings, representations or warranties by any Secured Party relative to subject matter hereof and thereof not expressly set forth or referred to herein or in the
        other Loan Documents.

    

    

    8.11.       APPLICABLE LAW.  THIS AGREEMENT SHALL BE CONSTRUED IN
          ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK.

    

    

    8.12.       Submission to Jurisdiction; Waivers.  Each Agreement Party and the Administrative Agent hereby irrevocably and unconditionally:

    

    

    (a)          submits, for
        itself and its property, to the exclusive jurisdiction of any New York State court or federal court of the United States of America sitting in New York City, and any appellate court from any thereof, in any action or proceeding arising out of or
        relating to this Agreement, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in
        such New York State or, to the extent permitted by law, in such federal court.  Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the
        judgment or in any other manner provided by law.  Nothing in this Agreement shall affect any right that any Lender, the Administrative Agent or any Issuing Bank may otherwise have to bring any action or proceeding relating to this Agreement against
        Parent or any Grantor or their properties in the courts of any jurisdiction;

    

    

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

    

    

    (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 at its address provided in Section 9.01 of the Credit Agreement and agrees that service as so provided in 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 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.

    

    

    8.13.       Acknowledgments.  Each Agreement Party hereby acknowledges that:

    

    

    
      -31-

      
        

    

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

    

    

    (b)         no Secured
        Party has any fiduciary relationship with or duty to any Agreement Party arising out of or in connection with this Agreement, and the relationship between the Agreement Parties, on the one hand, and the Secured Parties, on the other hand, in
        connection herewith or therewith is solely that of debtor and creditor; and

    

    

    (c)          no joint
        venture is created hereby or otherwise exists by virtue of the transactions contemplated hereby among the Secured Parties or among the Agreement Parties and the Secured Parties.

    

    

    8.14.      Additional Grantors.  Each Subsidiary of a Borrower that is required to become a party to this Agreement pursuant to Section 5.09 of the Credit Agreement shall
        become a Grantor for all purposes of this Agreement upon execution and delivery by such Subsidiary of an Assumption Agreement in the form of Exhibit D hereto.

    

    

    8.15.       Releases.

    

    

    (a)         On the
        Termination Date, the Collateral shall be released from the Liens created hereby, and this Agreement and all obligations (other than those expressly stated to survive such termination) of the Administrative Agent and each Agreement Party hereunder
        shall automatically terminate, all without delivery of any instrument or performance of any act by any party, and all rights to the Collateral shall revert to the Grantors.  At the request and sole expense of any Grantor on or following the
        Termination Date, the Administrative Agent shall deliver to such Grantor any Collateral held by the Administrative Agent hereunder, and execute and deliver to such Grantor such documents as such Grantor shall reasonably request to evidence such
        termination.

    

    

    (b)          The
        obligations of Guarantors that are Subsidiaries and the security interests created hereunder shall be subject to release in accordance with Section 9.17 of the Credit Agreement.

    

    

    (c)          Each Grantor
        acknowledges that it is not authorized to file any financing statement or amendment or termination statement with respect to any financing statement originally filed in connection herewith or with the Existing Collateral and Guarantee Agreement
        without the prior written consent of the Administrative Agent, subject to such Grantor’s rights under Section 9-509(d)(2) of the New York UCC.

    

    

    8.16.      WAIVER OF JURY TRIAL.  EACH AGREEMENT PARTY AND THE
          ADMINISTRATIVE AGENT HEREBY AGREES TO WAIVE ITS RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING HEREUNDER OR ANY DEALINGS BETWEEN THEM RELATING TO THE SUBJECT MATTER OF THE LOAN TRANSACTION UNDER THE CREDIT
          AGREEMENT OR THE LENDER/BORROWER RELATIONSHIP THAT IS BEING ESTABLISHED THEREUNDER.  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 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 8.16 AND EXECUTED BY EACH OF THE PARTIES HERETO), AND THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS HERETO OR TO ANY OTHER DOCUMENTS OR
          AGREEMENTS RELATING TO THE LOANS MADE UNDER THE CREDIT AGREEMENT.  IN THE EVENT OF LITIGATION, THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT.

    

    

    
      -32-

      
        

    

    8.17.       No Novation.

    

    

    (a)         Upon
        satisfaction of the conditions precedent set forth in Sections 4.01 and 4.02 of the Credit Agreement, this Agreement shall exclusively control and govern the mutual rights and obligations of the parties hereto with respect to the Existing
        Collateral and Guarantee Agreement, and the Existing Collateral and Guarantee Agreement shall be superseded in all respects, in each case, on a prospective basis only.

    

    

    (b)          THE PARTIES
        HERETO HAVE ENTERED INTO THIS AGREEMENT SOLELY TO AMEND AND RESTATE THE TERMS OF, AND THE OBLIGATIONS OWING UNDER, THE EXISTING COLLATERAL AND GUARANTEE AGREEMENT.  THE PARTIES DO NOT INTEND THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY TO
        BE, AND THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY SHALL NOT BE CONSTRUED TO BE, A NOVATION OF ANY OF THE OBLIGATIONS OWING BY ANY BORROWER UNDER OR IN CONNECTION WITH THE EXISTING COLLATERAL AND GUARANTEE AGREEMENT.

    

    

    [Remainder of page intentionally left blank]

    

    

    
      -33-

      
        

    

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

     

      

    	 	
            OLLIE’S HOLDINGS, INC.

          
	 	 
	 	
            By:

          	/s/ Jay Stasz	 
	 	 	
            Name: Jay Stasz

          	 
	 	 	
            Title: Chief Financial Officer and Senior Vice President

          	 
	 	 	 	 
	 	
            BARGAIN PARENT, INC.

          
	 	 
	 	
            By:

          	/s/ Jay Stasz	 
	 	 	
            Name: Jay Stasz

          	 
	 	 	
            Title: Chief Financial Officer and Senior Vice President

          	 
	 	 	 	 
	 	
            OLLIE’S BARGAIN OUTLET, INC.

          
	 	 	 	 
	 	
            By:

          	/s/ Jay Stasz	 
	 	 	
            Name: Jay Stasz

          	 
	 	 	
            Title: Chief Financial Officer and Senior Vice President

          	 
	 	 	 	 
	 	
            OBO VENTURES, INC.

          
	 	 	 	 
	 	
            By:

          	/s/ Jay Stasz	 
	 	 	
            Name: Jay Stasz

          	 
	 	 	
            Title: Chief Financial Officer and Senior Vice President

          	 

     

    

    
      [Signature Page to the Amended and Restated Collateral Agreement]

    

     

    

    
      
        

    

    	 	
            MANUFACTURERS AND TRADERS TRUST

            COMPANY, as Administrative Agent

          
	 	 
	 	
            By:

          	/s/ M. Ryan Weir Jr.
	 	 	
            Name: M. Ryan Weir Jr.

          
	 	 	
            Title: Vice President

          

    

    

    
      [Signature Page to the Amended and Restated Collateral Agreement]Exhibit

Exhibit 10.1

TENTH AMENDMENT TO CREDIT AGREEMENT
THIS TENTH AMENDMENT TO CREDIT AGREEMENT, dated as of May 23, 2019 (this “Amendment”), is entered into among FTD COMPANIES, INC., a Delaware corporation (the “Company”), INTERFLORA BRITISH UNIT, a company incorporated under the Laws of England & Wales (the “UK Borrower”, and together with the Company, the “Borrowers”), the Guarantors party hereto, the Lenders party hereto, and BANK OF AMERICA, N.A., in its capacities as Administrative Agent for the Lenders (in such capacity, the “Administrative Agent”), Swing Line Lender and L/C Issuer.  Capitalized terms used herein and not otherwise defined shall have the meanings ascribed thereto in the Credit Agreement (as defined below).
RECITALS
WHEREAS, the Borrowers, the Guarantors, the Lenders and Bank of America, N.A., in its capacities as the Administrative Agent, Swing Line Lender and L/C Issuer, are parties to that certain Credit Agreement, dated as of July 17, 2013 (as amended or modified prior to the date hereof, the “Existing Credit Agreement”);
WHEREAS, the parties hereto have agreed to amend the Existing Credit Agreement as provided herein (the Existing Credit Agreement, as amended hereby, the “Credit Agreement”).
NOW, THEREFORE, in consideration of the agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:
AGREEMENT
1.    Consent, Acknowledgement and Reaffirmation. By such Person’s signature below, each of the Loan Parties hereby: (a) acknowledges and consents to this Amendment and the terms and provisions hereof; (b) acknowledges and agrees that, as of the Effective Date (defined below), the Outstanding Amount of (i) the Revolving A Loan was not less than $59,582,575.40, (ii) the Revolving B Loan was not less than $15,000,000, (iii) the Term Loan was not less than $113,654,013 and (iv) the L/C Obligations was than $0.00, and that such constitute valid and subsisting obligations of the Loan Parties to the Lenders that are not subject to any credits, offsets, defenses, claims, counterclaims or adjustments of any kind; (c) reaffirms the covenants and agreements contained in each Loan Document to which such Person is party, including, in each case, as such covenants and agreements may be modified by this Amendment and the transactions contemplated hereby; (d) reaffirms that each of the Liens created and granted in or pursuant to the Loan Documents in favor of the Administrative Agent for the benefit of the holders of the Obligations is valid and subsisting, and acknowledges and agrees that this Amendment shall in no manner impair or otherwise adversely affect such Liens, except as explicitly set forth herein; (e) acknowledges that this Amendment is limited to the extent specifically set forth herein and shall not be deemed a waiver of, or a consent to a departure from, any other term, covenant, provision or condition set forth in the Credit Agreement; and (f) confirms that each Loan Document to which such Person is a party is and shall continue to be in full force and effect and the same are hereby ratified and confirmed in all respects, except that upon the effectiveness of this Amendment, all references in such Loan Documents to the “Credit Agreement”, “thereunder”, “thereof” or words of like import shall mean the Credit Agreement and the other Loan Documents, as the case may be, as in effect and as modified by this Amendment.
2.    Amendments.

1

(a)    Section 2.05(b)(viii) of the Existing Credit Agreement is hereby amended and restated in its entirety to read as follows:
(viii)    Limited Availability Period.  Each Borrower shall immediately prepay Revolving A Loans, Revolving B Loans and/or Swing Line Loans made to it, and/or the Company shall Cash Collateralize the L/C Obligations, in an aggregate amount as is necessary to cause the sum of the Total Revolving A Outstandings plus the Outstanding Amount of all Revolving B Loans to not exceed the following amounts for the periods set forth therein:
	
		
	Period
	Amount

	May 17, 2019 – May 23, 2019
	$80,000,000

	May 24, 2019 – May 27, 2019
	$85,000,000

	May 28, 2019 – June 10, 2019
	$92,000,000

	June 11, 2019 – June 14, 2019
	$135,000,000

	June 15, 2019 – June 28, 2019
	$150,000,000 

	June 29, 2019 – July 5, 2019
	$155,000,000

	July 6, 2019 – Maturity Date
	$167,500,000

; it being understood that availability in excess of $150,000,000 from and after July 6, 2019 will be subject to the Company’s 13-week cash forecast supporting any borrowing above such level.
 (b)    A new Section 11.22 is hereby added to the Existing Credit Agreement to read as follows:
11.22    Acknowledgement Regarding any Supported QFCs.
To the extent that the Loan Documents provide support, through a guarantee or otherwise, for any Hedge Agreement or any other agreement or instrument that is a QFC (such support, “QFC Credit Support”, and each such QFC, a “Supported QFC”), the parties acknowledge and agree as follows with respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the “U.S. Special Resolution Regimes”) in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Loan Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United States or any other state of the United States):
In the event a Covered Entity that is party to a Supported QFC (each, a “Covered Party”) becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such 

2

QFC Credit Support (and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights in property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States.  In the event a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against such Covered Party are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the United States or a state of the United States.  Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support.  
As used in this Section 11.22, the following terms have the following meanings:
“BHC Act Affiliate” of a party means an “affiliate” (as such term is defined under, and interpreted in accordance with, 12 U.S.C. 1841(k)) of such party.
“Covered Entity” means any of the following: (i) a “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b); (ii) a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or (iii) a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b).
“Default Right” has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable.
“QFC” has the meaning assigned to the term “qualified financial contract” in, and shall be interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D).

3.    Incorporation of Section 11.22 into Security Agreements.  Each of the parties hereto acknowledge and agree that Section 11.22 of the Credit Agreement is hereby incorporated into each of (a) the Security Agreement and (b) that certain Security Agreement dated as of March 13, 2019 by and among FTD, Inc., FTD UK Holdings Limited and the Administrative Agent, in each case by reference mutatis mutandis. 
4.    Effectiveness; Conditions Precedent.  This Amendment shall be and become effective as of date hereof (the “Effective Date”) when all of the conditions set forth in this Section 3 shall have been satisfied.

3

(a)    Execution of Counterparts of Amendment.  The Administrative Agent shall have received counterparts of this Amendment, which collectively shall have been duly executed on behalf of each of each Borrower, each Guarantor, the Administrative Agent and the Required Lenders.
(b)    Fee Letter.  The Administrative Agent shall have received a counterpart of a fee letter, in form and substance satisfactory to the Administrative Agent, duly executed by the Company.
(c)    Organization Documents, Resolutions, Etc.  The Administrative Agent shall have received the following, in form and substance satisfactory to the Administrative Agent:
(i)    copies of the Organization Documents of each U.S. Loan Party certified to be true and complete as of a recent date by the appropriate Governmental Authority of the state or other jurisdiction of its incorporation or organization, where applicable, and certified by a secretary or assistant secretary of such U.S. Loan Party to be true and correct as of the Effective Date (or a certification that such Organization Documents have not been amended since the Second Amendment Effective Date);
(ii)    such certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible Officers of each U.S. Loan Party as the Administrative Agent may require evidencing the identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with this Amendment and the other Loan Documents to which such U.S. Loan Party is a party (or, with respect to incumbency certificates, a certification that the Responsible Officers listed on the incumbency certificates delivered on the Second Amendment Effective Date have not changed);
(iii)    such documents and certifications as the Administrative Agent may reasonably require to evidence that each U.S. Loan Party is duly organized or formed, and is validly existing, in good standing and qualified to engage in business in its state of organization or formation; and
(iv)    in relation to the UK Borrower, (A) a copy of a resolution of the board of directors of the UK Borrower (1) approving the terms of, and the transactions contemplated by, this Amendment and resolving that it execute this Amendment, (2) authorizing a specified person or persons to execute this Amendment on its behalf, and (3) authorizing a specified person or persons, on its behalf, to sign and/or dispatch all documents and notices to be signed and/or dispatched by it under or in connection with this Amendment; (B) a certificate of the UK Borrower (signed by a director) confirming that the constitutional documents and resolution of the board of directors of the UK Borrower are correct, complete and in full force and effect as at a date no earlier than the date of this Amendment; and (C) copies of the Organization Documents of the UK Borrower (or a certification that such Organization Documents have not been amended since the Second Amendment Effective Date).
(d)    KYC; Beneficial Ownership Certification.  Upon the reasonable request of any Lender made at least five days prior to the Closing Date, the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the PATRIOT Act. If any 

4

Borrower qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, such Borrower shall deliver to the Administrative Agent and the Lenders, a Beneficial Ownership Certification in relation to such Borrower.
5.    Expenses.  The Loan Parties agree to reimburse, upon demand therefor, the Administrative Agent for all reasonable documented out-of-pocket costs and expenses of the Administrative Agent in connection with the preparation, execution and delivery of this Amendment, including without limitation the (a) reasonable documented fees and expenses of Moore & Van Allen PLLC, and (b) the reasonable and documented fees and expenses of FTI Consulting, Inc.
6.    Ratification; Acknowledgment.  Each Loan Party acknowledges and consents to the terms set forth herein and agrees that this Amendment does not impair, reduce or limit any of its obligations under the Loan Documents, as amended hereby.  This Amendment is a Loan Document.
7.    Representations.  Each Loan Party represents and warrants as follows:
(a)    It has taken all necessary action to authorize the execution, delivery and performance of this Amendment.
(b)    This Amendment has been duly executed and delivered by such Loan Party and constitutes its legal, valid and binding obligations, enforceable in accordance with its terms, except as such enforceability may be subject to (i) applicable Debtor Relief Laws and (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in equity).
(c)    The execution and delivery of this Amendment does not violate, contravene or conflict with any provision of its Organization Documents.
(d)    The Obligations are not subject to any offsets, defenses or counterclaims.
(e)    No Default exists on and as of the Effective Date.
(f)    After giving effect to this Amendment, the representations and warranties set forth in Article VI of the Credit Agreement are true and correct in all material respects (or if such representation and warranty is qualified by materiality or Material Adverse Effect, it shall be true and correct) as of the Effective Date unless they specifically refer to an earlier date, in which case they shall be true and correct in all material respects (or if such representation and warranty is qualified by materiality or Material Adverse Effect, it shall be true and correct) as of such earlier date.
(g)    As of the Effective Date, the information included in the Beneficial Ownership Certification is true and correct in all respects.
8.    Lender Representations, Warranties and Covenant.  Each Lender party hereto represents and warrants that, after giving effect to this Amendment, the representations and warranties of such Lender set forth in Section 10.12 of the Credit Agreement are true and correct as of the Effective Date.  Each Lender party hereto hereby agrees to comply with the covenants applicable to such Lender set forth in Section 10.12 of the Credit Agreement.
9.    Successors and Assigns; No Third Party Beneficiaries.  This Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.  No other 

5

Person shall have or be entitled to assert rights or benefits under this Amendment, other than the non-party members of the Lender Group (defined below) with respect to the provisions of Section 12 and Section 13 (which members of the Lender Group are intended to be third party beneficiaries of this Amendment).
10.    Headings.  The headings of the sections hereof are provided for convenience only and shall not in any way affect the meaning or construction of any provision of this Amendment.
11.    Severability.  If any provision of this Amendment is held to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Amendment shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions.  The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.
12.    Acknowledgment of Guarantors.  The Guarantors acknowledge and consent to all of the terms and conditions of this Amendment and agree that this Amendment and any documents executed in connection herewith do not operate to reduce or discharge the Guarantors’ obligations under the Credit Amendment or the other Loan Documents.
13.    Release.  In consideration of the agreements of the Administrative Agent and the Required Lenders set forth in this Amendment, the Loan Parties hereby release and forever discharge the Administrative Agent, each L/C Issuer, the Swing Line Lender, the Lenders and the Administrative Agent’s, each L/C Issuer’s, the Swing Line Lender’s and each Lender’s respective predecessors, successors, assigns, officers, managers, directors, employees, agents, attorneys, representatives and affiliates (collectively, the “Lender Group”) from any and all claims, counterclaims, demands, damages, debts, suits, liabilities, actions and causes of action of any nature whatsoever, in each case to the extent arising in connection with any of the Loan Documents through and including the Effective Date, whether arising at law or in equity, whether known or unknown, whether liability be direct or indirect, liquidated or unliquidated, whether absolute or contingent, foreseen or unforeseen, and whether or not heretofore asserted, which any of the Loan Parties may have or claim to have against any member of the Lender Group.
14.    No Actions, Claims. Each Loan Party represents, warrants, acknowledges and confirms that, as of the Effective Date, it has no knowledge of any action, cause of action, claim, demand, damage or liability of whatever kind or nature, in law or in equity, against any member of the Lender Group arising from any action by such Persons, or failure of such Persons to act, under or in connection with any of the Loan Documents.
15.    Counterparts/Telecopy.  This Amendment may be executed in any number of counterparts, each of which when so executed and delivered shall be an original, but all of which shall constitute one and the same instrument.  Delivery of executed counterparts of this Amendment by telecopy or other secure electronic format (.pdf) shall be effective as an original.
16.    GOVERNING LAW.  THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.
[remainder of page intentionally left blank]

6

Each of the parties hereto has caused a counterpart of this Amendment to be duly executed and delivered as of the date first above written.
		
	COMPANY:
	FTD COMPANIES, INC.,

a Delaware corporation
By: /s/ Steven Barnhart        
Name: Steven Barnhart
Title: Executive Vice President and Chief Financial Officer
		
	UK BORROWER:
	INTERFLORA BRITISH UNIT,

a company incorporated under the Laws
of England & Wales
By: /s/ Rhys J. Hughes                        
Name: Rhys J. Hughes
Title: Director
		
	GUARANTORS:
	FLORISTS’ TRANSWORLD DELIVERY, INC.,

a Michigan corporation
By: /s/ Steven Barnhart                    
Name: Steven Barnhart
Title: Executive Vice President, Chief Financial Officer and Treasurer
FTD GROUP, INC.,
a Delaware corporation
By: /s/ Steven Barnhart                    
Name: Steven Barnhart
Title: Executive Vice President, Chief Financial Officer and Treasurer
FTD, INC.,
a Delaware corporation
By: /s/ Steven Barnhart                
Name: Steven Barnhart
Title: Executive Vice President, Chief Financial Officer and Treasurer
FTD.CA, INC.,
a Delaware corporation
By: /s/ Steven Barnhart                
Name: Steven Barnhart
Title: Executive Vice President, Chief Financial Officer and Treasurer 

TENTH AMENDMENT
FTD COMPANIES, INC.

FTD.COM INC.,
a Florida corporation
By: /s/ Steven Barnhart                        
Name: Steven Barnhart
Title: Executive Vice President, Chief Financial Officer and Treasurer
PROVIDE COMMERCE, INC.,
a Delaware corporation
By: /s/ Steven Barnhart                        
Name: Steven Barnhart
Title: Executive Vice President, Chief Financial Officer and Treasurer
PROVIDE CARDS, INC.,
a California corporation
By: /s/ Steven Barnhart                        
Name: Steven Barnhart
Title: Executive Vice President, Chief Financial Officer and Treasurer
PROVIDE CREATIONS, INC.,
a Delaware corporation
By: /s/ Steven Barnhart                        
Name: Steven Barnhart
Title: Executive Vice President, Chief Financial Officer and Treasurer
GIFTCO, LLC,
a Delaware limited liability company
By: /s/ Steven Barnhart                        
Name: Steven Barnhart
Title:  Executive Vice President, Chief Financial Officer and Treasurer
FTD MOBILE, INC.,
a Delaware corporation
By: /s/ Steven Barnhart                        
Name: Steven Barnhart
Title: Executive Vice President, Chief Financial Officer and Treasurer

TENTH AMENDMENT
FTD COMPANIES, INC.

For purposes of Section 3, agreed to and acknowledged by:
FTD UK HOLDINGS LIMITED

By: /s/ John C. Dunstan        
Name: John C. Dunstan
Title: Secretary

TENTH AMENDMENT
FTD COMPANIES, INC.

ADMINISTRATIVE
		
	AGENT:
	BANK OF AMERICA, N.A.,

as Administrative Agent
By: /s/ Gavin Shak                        
Name: Gavin Shak
Title: Assistant Vice President

TENTH AMENDMENT
FTD COMPANIES, INC.

		
	LENDERS:
	BANK OF AMERICA, N.A.,

as a Lender, L/C Issuer and Swing Line Lender
By: /s/ John Schuessler                        
Name: John Schuessler
Title: Senior Vice President

TENTH AMENDMENT
FTD COMPANIES, INC.

WELLS FARGO BANK, NATIONAL ASSOCIATION,
as a Lender
By: /s/ Tracie Plummer                        
Name: Tracie Plummer
Title: Director / Relationship Manager

TENTH AMENDMENT
FTD COMPANIES, INC.

BMO HARRIS BANK N.A.,
as a Lender
By: /s/ Megan Tripodi                        
Name: Megan Tripodi
Title: Vice President

TENTH AMENDMENT
FTD COMPANIES, INC.

BANK OF MONTREAL,
as a Lender
By: /s/ Megan Tripodi                        
Name: Megan Tripodi
Title: Vice President

TENTH AMENDMENT
FTD COMPANIES, INC.

COMPASS BANK,
as a Lender
By: /s/ Jon McCurdy                        
Name: Jon McCurdy
Title: SVP

TENTH AMENDMENT
FTD COMPANIES, INC.

PNC BANK, NATIONAL ASSOCIATION,
as a Lender
By: /s/ Terry A. Graffis                        
Name: Terry A. Graffis
Title: Senior Vice President

TENTH AMENDMENT
FTD COMPANIES, INC.

HSBC BANK USA, NATIONAL ASSOCIATION,
as a Lender
By: /s/ Fred Schimel                        
Name: Fred Schimel
Title: Vice President

TENTH AMENDMENT
FTD COMPANIES, INC.

FIRST BANK OF HIGHLAND PARK,
as a Lender
By: /s/ Lynn M. Rosinsky                    
Name: Lynn M. Rosinsky
Title: Senior Vice President

TENTH AMENDMENT
FTD COMPANIES, INC.

AGCOUNTRY FARM CREDIT SERVICES, PCA (f/k/a FCS COMMERCIAL FINANCE GROUP, FOR AGCOUNTRY  FARM CREDIT SERVICES, PCA), as a Lender

By: /s/ Eric Born                        
Name: Eric Born
Title: Vice President

TENTH AMENDMENT
FTD COMPANIES, INC.

COMPEER FINANCIAL, PCA successor to 1st FARM CREDIT SERVICES, PCA, as a Lender

By: /s/ Kevin Buente                        
Name: Kevin Buente
Title: Principal Credit Officer

TENTH AMENDMENT
FTD COMPANIES, INC.

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