Document:

EX-10.13

 Exhibit 10.13 

Execution Version 

CANADIAN ABL PLEDGE AND SECURITY AGREEMENT 

THIS CANADIAN ABL PLEDGE AND SECURITY AGREEMENT dated as of October 11, 2007, among Univar Canada Ltd. (the “Company”), each of the
Subsidiaries of the Company that becomes a party hereto pursuant to Section 8.13 (each such entity being a “Grantor” and, collectively, the “Grantors”) and Bank of America, N.A., as collateral agent (in such capacity, the
“Collateral Agent”) under the ABL Credit Agreement (as defined below) for the benefit of the Canadian Secured Parties. 
 W I T
N E S S E T H : 
 WHEREAS, the Company is party to the ABL Credit Agreement, dated as of the date hereof (as the same may be amended, restated,
supplemented or otherwise modified, refinanced or replaced from time to time, the “ABL Credit Agreement”) among, inter alia, Univar Inc., the Company, as Canadian borrower, the lenders or other financial institutions from time to
time parties thereto, Bank of America, N.A. (acting through its Canada branch), as Canadian Administrative Agent, Canadian Swingline Lender and Canadian Letter of Credit Issuer, and the other parties named thereto. 

WHEREAS, pursuant to the ABL Credit Agreement and upon the terms and subject to the conditions set forth therein: (a) the Canadian Lenders will
extend credit in the form of Canadian Revolving Loans to the Company (b) the Canadian Letter of Credit Issuer will issue Canadian Letters of Credit and (c) the Canadian Swingline Lender shall extend credit in the form of Canadian Swingline
Canadian Loans at any time and from time to time to the Company (the Canadian Revolving Loans, the Canadian Letters of Credit and the Canadian Swingline Loans, collectively the “Canadian Loans”); 

WHEREAS, the proceeds of the Canadian Loans will be used in part to enable valuable transfers to the Grantors in connection with the operation of their
respective businesses; 
 WHEREAS, each Grantor acknowledges that it will derive substantial direct and indirect benefit from the making of the
Canadian Loans; and 
 WHEREAS, it is a condition precedent to the obligation of the Canadian Lenders to make their respective Canadian Loans to the
Canadian Borrower under the ABL Credit Agreement that the Grantors shall have executed and delivered this Security Agreement to the Collateral Agent for the benefit of the Canadian Secured Parties; 

 NOW, THEREFORE, in consideration of the premises and to induce the Canadian Lenders to enter into the ABL
Credit Agreement and to induce the respective Canadian Lenders to make their Canadian Loans to the Canadian Borrower under the ABL Credit Agreement the Grantors hereby agree with the Collateral Agent, for the benefit of the Canadian Secured Parties,
as follows: 
 SECTION 1 – DEFINED TERMS. 
  

	1.1	Unless otherwise defined herein, terms defined in the ABL Credit Agreement and used herein shall have the meanings given to them in the ABL Credit Agreement. 

 

	1.2	Terms used herein without definition that are defined in the PPSA have the meanings given to them in the PPSA, including the following terms (which are capitalized herein): Chattel Paper, Certificated Security, Futures
Contract, Instruments, Investment Property, Securities Account, Security, Security Entitlement and Uncertificated Security. 

  

	1.3	The following terms shall have the following meanings: 

  

	 	(a)	“Account” shall mean all “accounts” as such term is defined in the PPSA and Accounts Receivable. 

  

	 	(b)	“ABL Controlled Accounts” shall mean, collectively, with respect to each Grantor, (i) all Deposit Accounts and all accounts and sub-accounts relating to any of the foregoing accounts and (ii) all
cash, funds, checks, notes, and Instruments from time to time on deposit in any of the accounts or sub-accounts described in clause (i) of this definition, in each case, which are subject to a control agreement in favour of the Collateral Agent
(it being understood that no such account, funds, cash, cheques, notes or Instruments shall be deemed to be an “ABL Controlled Account” at any time that such account, funds, cash, cheques, notes or Instruments are not subject to a control
agreement in favour of the Collateral Agent). 

  

	 	(c)	“Accounts Receivable” shall mean all debts, book debts, accounts, claims, demands, moneys and choses in action whatsoever including, without limitation, claims against the Crown and claims under insurance
policies, which are now owned by or are due, owing or accruing due to the Grantors or which may hereafter be owned by or become due, owing or accruing due to the Grantors together with all contracts, investment property, bills, notes, lien notes,
judgments, chattel mortgages, mortgages and all other rights, benefits and documents now or hereafter taken, vested in or held by the Grantors in respect of or as security for the same and the full benefit and advantage thereof, and all rights of
action or claims which the Grantors now has or may at any time hereafter have against any Person in respect thereof. 

  

	 	(d)	“Applicable Control Agreement” shall mean any Control Agreement in favour of the Collateral Agent as to which the Collateral Agent has agreed in writing that its Control over the ABL Controlled Accounts
covered thereby is also for the benefit of the Canadian Secured Parties. 

  

	 	(e)	“ABL Priority Collateral” shall have the meaning assigned to such term in the Intercreditor Agreement. 

  

	 	(f)	“Canadian Loans” shall have the meaning assigned to such term in the recitals hereto. 

  
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	 	(g)	“Code” shall mean the Uniform Commercial Code in effect from time to time in New York. 

  

	 	(h)	“Collateral” shall have the meaning provided in Section 2. 

  

	 	(i)	“Collateral Account” shall mean any collateral account established by the Collateral Agent as provided in Section 5.1 or Section 5.3. 

 

	 	(j)	“Collateral Agent” shall have the meaning provided in the preamble to this Security Agreement. 

  

	 	(k)	“Commercial Tort Claim” means “commercial tort claim” as such term is defined in the Code. 

  

	 	(1)	“Control” shall mean “control”, as such term is defined in Section 1.(1), as applicable, of the STA. 

  

	 	(m)	“Control Agreement” shall mean an agreement (which, if in favour of the Collateral Agent, shall be in form reasonably satisfactory to the Collateral Agent) establishing a Person’s Control with respect to
any ABL Controlled Account (it being understood that any such agreement in favour of the Collateral Agent may be the same agreement granting Control to the ABL Collateral Agent). 

 

	 	(n)	“Copyrights” shall mean, with respect to any Grantor, all of the following now owned or hereafter acquired by such Grantor: (i) all copyright rights in any work subject to the copyright laws of Canada or
any other country, whether as author, assignee, transferee or otherwise, including those listed on Schedule 2; (ii) all registrations and applications for registration of any such copyright in Canada or any other country, including
registrations, recordings, supplemental registrations and pending applications for registration in the Copyright Office of the Canadian Intellectual Property Office. 

 

	 	(o)	“Copyright License” shall mean any written agreement, now or hereafter in effect, granting any right to any third party (other than an agreement with any person who is a Grantor) under any Copyright now or
hereafter owned by any Grantor or that any Grantor otherwise has the right to license, or granting any right to any Grantor under any Copyright now or hereafter owned by any third party, and all rights of any Grantor under any such agreement,
including those listed on Schedule 1. 

  

	 	(p)	“Deposit Account” shall mean a demand, time, savings, passbook or similar Account maintained with a bank irrespective of the currency of said account. 

 

	 	(q)	 “Equipment” shall mean all “equipment,” as such term is defined in Section 1.(1) of the PPSA, now or hereafter owned by any
Grantor or to which any Grantor has rights and, in any event, shall include all machinery, equipment, furniture, fixtures, furnishings and movable trade fixtures now or hereafter owned by any Grantor or to which any Grantor has rights and any and
all Proceeds, additions, substitutions and replacements of any of the foregoing, wherever located, together 

  
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with all attachments, components, parts, equipment and accessories installed thereon or affixed thereto; but excluding equipment to the extent it is subject to a Lien, in each case permitted by
clauses (e) or (h) of Section 9.2 of the ABL Credit Agreement and the terms of the Indebtedness secured by such Lien prohibit assignment of, or granting of a security interest in, such Grantor’s rights and interests therein;
provided, that immediately upon the repayment of all Indebtedness secured by such Lien, such Grantor shall be deemed to have granted a Security Interest in all the rights and interests with respect to such equipment. 

 

	 	(r)	“General Intangibles” shall mean all “intangibles” as such term is defined in Section 1.(1) of the PPSA and, in any event, including, without limitation, with respect to any Grantor, all
goodwill connected with or symbolized by any such intangibles, all rights under contracts, agreements, documents, applications, licenses, materials and other matters related to such general intangibles, all chattel paper and instruments relating to
such general intangible, and instruments and indentures in any form, and portions thereof, to which such Grantor is a party or under which such Grantor has any right, title or interest or to which such Grantor or any property of such Grantor is
subject, as the same may from time to time be amended, supplemented or otherwise modified, including (i) all rights of such Grantor to receive moneys due and to become due to it thereunder or in connection therewith, (ii) all rights of
such Grantor to receive proceeds of any insurance, indemnity, warranty or guarantee with respect thereto, (iii) all claims of such Grantor for damages arising out of any breach of or default thereunder, and (iv) all rights of such Grantor to
terminate, amend, supplement, modify or exercise rights or options thereunder, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder. 

 

	 	(s)	“Grantor” shall have the meaning assigned to such term in the recitals hereto. 

  

	 	(t)	“Intellectual Property” shall mean all of the following now owned or hereafter acquired by any Grantor: (i) all Copyrights, Trademarks and Patents, and (ii) all rights, priorities and privileges
relating to intellectual property, whether arising under Canadian, multinational or foreign laws or otherwise now owned or hereafter acquired, including (A) all goodwill, trade secrets, trade secret rights, know-how, customer lists, processes
of production, ideas, confidential business information, techniques, processes, formulas and all other proprietary information, and (B) rights, priorities and privileges relating to the Copyrights, the Patents, the Trademarks and all rights to
sue at law or in equity for any infringement or other impairment thereof, including the right to receive all proceeds and damages therefrom. 

  

	 	(u)	“Inventory” shall mean “inventory” as such term is defined in the PPSA and in any event, includes, with respect to the Grantor, all inventory of whatever kind now or hereafter owned by the Grantor or
in which the Grantor now or hereinafter has an interest or right of any kind, and all accessions thereto and products thereof, including, without limitation, all goods, merchandise, raw materials, goods in process, finished goods, packaging and
packing material and other tangible personal property now or hereafter held for sale, lease, rental or resale or that are to be furnished or have been furnished under a contract of service or that are to be used or consumed in the business of the
Grantor. 

  
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	 	(v)	“Investment Property” shall mean all “investment property” as such term is defined in the PPSA (whether certificated or uncertificated) and in any event shall include Security Entitlements of any
Grantor. 

  

	 	(w)	“License” shall mean any Patent License, Trademark License, Copyright License or other license or sublicense to which any Grantor is a party. 

 

	 	(x)	“Obligations” shall mean, with respect to each Grantor, all present and future indebtedness, liabilities and obligations of any and every kind, nature and description (whether direct or indirect, joint or
several, absolute or contingent, matured or unmatured) of such Grantor to the Canadian Secured Parties (or any of them) under, in connection with or with respect to the ABL Credit Agreement or any of the other Credit Documents and any unpaid balance
thereof. 

  

	 	(y)	“Other Security” shall mean all Chattel Paper, Instruments, warehouse receipts, bills of lading, and other documents of title of any Grantor. 

 

	 	(z)	“Patent License” shall mean any written agreement, now or hereafter in effect, granting to any third party (other than an agreement with any person who is a Grantor) any right to make, use or sell any
invention on which a patent, now or hereafter owned by any Grantor (including all Patents) or that any Grantor otherwise has the right to license, is in existence, or granting to any Grantor any right to make, use or sell any invention on which a
patent, now or hereafter owned by any third party, is in existence, and all rights of any Grantor under any such agreement, including those listed on Schedule 3. 

  

	 	(aa)	“Patents” shall mean, with respect to any Grantor, all of the following now owned or hereafter acquired by such Grantor: (i) all letters patent of Canada or the equivalent thereof in any other country,
all registrations and recordings thereof, and all applications for letters patent of Canada or the equivalent thereof in any other country, including registrations, recordings and pending applications in the Canadian Intellectual Property Office or
any similar offices in any other country, and including those listed on Schedule 4; (ii) all reissues, continuations, divisions, continuations in part, renewals or extensions thereof, and the inventions disclosed or claimed therein, including
the right to make, use and/or sell the inventions disclosed or claimed therein; and (iii) all unpatented or unpatentable inventions. 

  

	 	(bb)	“Pledged Collateral” shall mean, as to any Pledgor, the Pledged Securities now owned or at any time hereafter acquired by such Pledgor, and any Proceeds thereof. 

 

	 	(cc)	“Pledged Debt” shall mean, with respect to any Pledgor, all Indebtedness listed on Schedule 7 hereto together with any other Indebtedness issued to, or held or owned by, any Pledgor hereafter and required to
be pledged and evidenced by a promissory note pursuant to Section 8.9(a) of the ABL Credit Agreement, and all interest, cash, Instruments and other property or Proceeds from time to time received or receivable in respect thereof.

  
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	 	(dd)	“Pledged Securities” shall mean the collective reference to the Pledged Debt and the Pledged Stock. 

  

	 	(ee)	“Pledged Stock” with respect to any Pledgor, the shares of Stock listed on Schedule 7 as held by such Pledgor, together with any other shares of Stock or Stock Equivalents required to be pledged by such
Pledgor pursuant to Section 8.9(a) of the ABL Credit Agreement, as well as any other shares, stock certificates, options or rights of any nature whatsoever in respect of the Stock or Stock Equivalents that may be issued or granted to, or held
by, such Pledgor while this Security Agreement is in effect, except to the extent excluded from the Collateral pursuant to the last paragraph of Section 2(a) herein. 

 

	 	(ff)	“Pledgor” shall mean each Grantor with respect to Pledged Securities held by such Grantor and all other Pledged Collateral of such Grantor. 

 

	 	(gg)	“PPSA” shall mean the Personal Property Security Act, R.S.O. 1990, c. P.10, as amended. 

  

	 	(hh)	“Proceeds” shall mean all “proceeds” as such term is defined in Section 1.(1) of the PPSA and, in any event, shall include with respect to any Grantor, any consideration received from the sale,
exchange, license, lease or other disposition of any asset or property that constitutes Collateral, and any payment received from any insurer or other Person or entity as a result of the destruction, loss, theft, damage or other involuntary
conversion of whatever nature of any asset or property that constitutes Collateral, and shall include: (i) all cash and negotiable instruments received by or held on behalf of the Collateral Agent; (ii) any claim of any Grantor against any
third party for (and the right to sue and recover for and the rights to damages or profits due or accrued arising out of or in connection with): (A) past, present or future infringement of any Patent now or hereafter owned by any Grantor, or
licensed under a Patent License, (B) past, present or future infringement or dilution of any Trademark now or hereafter owned by any Grantor or licensed under a Trademark License or injury to the goodwill associated with or symbolized by any
Trademark now or hereafter owned by any Grantor, (C) past, present or future breach of any License, and (D) past, present or future infringement of any Copyright now or hereafter owned by any Grantor or licensed under a Copyright License;
and (iv) any and all other amounts from time to time paid or payable under or in connection with any of the Collateral. 

  

	 	(ii)	“Receiver” shall have the meaning provided in Section 5.10. 

  

	 	(jj)	“Replacements” shall mean with respect to the Collateral, all substitutions and replacements thereof, increases, additions and accessions thereto and any interests of the Grantor therein. 

 

	 	(kk)	“Security Agreement” shall mean this Security Agreement, as the same may be amended, supplemented or otherwise modified from time to time. 

  
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	 	(ll)	“Security Interest” shall have the meaning provided in Section 2(a). 

  

	 	(mm)	“STA” shall mean the Securities Transfer Act, 2006, S.O. 2006, c.8. 

  

	 	(nn)	“Trademarks” shall mean, with respect to any Grantor, all of the following now owned or hereafter acquired by such Grantor: (i) all trademarks, service marks, trade names, corporate names, company names,
business names, fictitious business names, trade styles, trade dress, logos, other source or business identifiers, designs and general intangibles of like nature, now existing or hereafter adopted or acquired, all registrations and recordings
thereof (if any), and all registration and recording applications filed in connection therewith, including registrations and registration applications in the Canadian Intellectual Property Office or any similar offices in any State of the United
States or any other country or any political subdivision thereof, and all extensions or renewals thereof, including those listed on Schedule 6 hereto, and (ii) all goodwill associated therewith or symbolized thereby. 

 

	 	(oo)	“Trademark License” shall mean any written agreement, now or hereafter in effect, granting to any third party (other than an Agreement with any person who is a Grantor) any right to use any trademark now or
hereafter owned by any Grantor (including any Trademark) or that any Grantor otherwise has the right to license, or granting to any Grantor any right to use any trademark now or hereafter owned by any third party, and all rights of any Grantor under
any such agreement, including those listed on Schedule 5. 

  

	1.4	The words “hereof”, “herein”, “hereto” and “hereunder” and words of similar import when used in this Security Agreement shall refer to this Security Agreement as a whole and not
to any particular provision of this Security Agreement, and Section, subsection, clause and Schedule references are to this Security Agreement unless otherwise specified. The words “include”, “includes” and “including”
shall be deemed to be followed by the phrase “without limitation”. 

  

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

  

	1.6	Where the context requires, terms relating to the Collateral or any part thereof, when used in relation to a Grantor, shall refer to such Grantor’s Collateral or the relevant part thereof. 

 

	1.7	References to “Canadian Lenders” in this Security Agreement shall be deemed to include affiliates of any Lender that constitute Canadian Secured Parties. 

SECTION 2 – GRANT OF SECURITY INTEREST. 
  

	 	(a)	 As collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of
the Obligations each Grantor hereby bargains, conveys, assigns, sets over, mortgages, pledges, hypothecates, grants and transfers to the Collateral Agent, for the benefit of the Canadian Secured Parties, a lien on and security interest in (the
“Security 

  
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Interest”), all of its right, title and interest in, to and under all property, assets and undertakings of the Grantor 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”), including, without limitation, the following: 

 

	 	(i)	all Accounts; 

  

	 	(ii)	all Other Security; 

  

	 	(iii)	all Documents; 

  

	 	(iv)	all Equipment; 

  

	 	(v)	all General Intangibles; 

  

	 	(vi)	all goods not covered by other clauses in this Section 2(a) excluding Consumer Goods (as such term is defined in the PPSA); 

  

	 	(vii)	all Intellectual Property; 

  

	 	(viii)	all Inventory; 

  

	 	(ix)	all Investment Property; 

  

	 	(x)	all letters of credit; 

  

	 	(xi)	all Proceeds; 

  

	 	(xii)	all Collateral Accounts and all ABL Controlled Accounts; 

  

	 	(xiii)	all Replacements; 

  

	 	(xiv)	all Pledged Collateral; and 

  

	 	(xv)	the extent not otherwise included, all Proceeds and products of any and all of the foregoing; 

provided, that the Collateral shall not include under any circumstance and at any time any Excluded Assets with respect to such Obligations.

  

	 	(b)	 Each Grantor hereby irrevocably authorizes the Collateral Agent and its Affiliates, and counsel, at any time and from time to time, to file or record
financing statements, amendments to financing statements, financing change statements and, with notice to the Company, other filing or recording documents or instruments with respect to the Collateral in such form and in such offices as the
Collateral Agent reasonably determines appropriate to perfect the security interests of the Collateral Agent under this Security Agreement, and such financing statements and amendments may describe the Collateral covered thereby as “all
assets”, “all personal property” or words of similar effect. Each 

  
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Grantor hereby also authorizes the Collateral Agent and its Affiliates and counsel at any time and from time to time, to file financing change statements with respect to previously filed
financing statements. 

 Each Grantor hereby agrees to provide to the Collateral Agent, promptly upon written request, any information
reasonably necessary to effectuate the filings or recordings authorized by this Section 2(b). All certificates or instruments, if any, representing or evidencing the Pledged Collateral shall be promptly delivered to and held by or on behalf of
the Collateral Agent pursuant hereto to the extent required by the ABL Credit Agreement and shall be in suitable form for transfer by delivery, or shall be accompanied by duly executed instruments of transfer or assignment in blank, all in form and
substance reasonably satisfactory to the Collateral Agent. Each delivery of Pledged Collateral shall be accompanied by a notice to the Collateral Agent describing the Securities theretofore and then being pledged hereunder. 

The Collateral Agent is further authorized to file with the Canadian Intellectual Property Office (or any successor office or any similar office in any other
country) such documents as may be necessary or advisable for the purpose of perfecting, confirming, continuing, enforcing or protecting the Security Interest granted, as the case may be, by each Grantor, without the signature of any Grantor, and
naming any Grantor or the Grantors as debtors and the Collateral Agent as secured party. The Collateral Agent agrees upon request by the Parent Borrower, to promptly furnish copies of such filings to the Parent Borrower. 

The Security Interests are granted as security only and shall not subject the Collateral Agent or any other Secured Party to, or in any way alter or modify,
any obligation or liability of any Grantor with respect to or arising out of the Collateral. 
 Notwithstanding anything in this Agreement to the contrary,
no Grantor shall be required to and neither the Collateral Agent, nor its Affiliates, counsel nor any other Person on their behalf is authorized to take any action to perfect the Security Interest of the Collateral Agent in any Excluded Perfection
Assets. 
 SECTION 3 – REPRESENTATIONS AND WARRANTIES. 

Each Grantor hereby represents and warrants to the Collateral Agent and each Secured Party that: 

 

	3.1	Title; No Other Liens. 

 Such Grantor owns its right, title and interest in each item of the
Collateral. 
  

	3.2	Perfected First Priority Liens. 

  

	 	(a)	 This Security Agreement is effective to create in favour of the Collateral Agent, for its benefit and for the benefit of the Canadian Secured Parties,
legal, valid and enforceable Security Interests in the Collateral (other than Excluded Perfection Assets), subject to the effects of bankruptcy, insolvency or similar laws affecting creditors’ rights generally and general equitable principles.
Upon delivery of such Pledged Collateral to the Collateral Agent in the province of Ontario, this Security Agreement shall create a fully perfected Lien on and security interest in the

  
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Pledged Collateral, securing the payment of the Obligations (or the U.K. Obligations, as applicable), in favor of the Collateral Agent for the benefit of the Canadian Secured Parties, except as
enforceability thereof may be limited by bankruptcy, insolvency or other similar laws affecting creditors’ rights generally and subject to general principles of equity. 

 

	 	(b)	The Security Interests granted pursuant to this Security Agreement (i) will constitute legal, valid and perfected Security Interests in the Collateral, other than Excluded Perfection Assets (as to which perfection
may be obtained by the filings or other actions described in clause (A), (B) or (C) of this paragraph) in favour of the Collateral Agent, for the benefit of the Canadian Secured Parties, as collateral security for the Obligations, upon
(A) the completion of the filing in the applicable filing offices of all financing statements, in each case, naming each Grantor as “debtor” and the Collateral Agent as “secured party” and describing the Collateral,
(B) delivery of all Instruments, Chattel Paper, Certificated Securities and negotiable Documents in each case, properly endorsed for transfer to the Collateral Agent or the Term Collateral Agent, acting as agent for the Collateral Agent for the
purposes of perfection of all ABL Priority Collateral, in accordance with the Intercreditor Agreement, or in blank and (C) completion of the filing, registration and recording of a fully executed agreement in the form hereof (or a supplement
hereto) and containing a description of all Collateral constituting Canadian registered Trademarks, applications for Trademark Registration, Patents, or Patent applications in the Canadian Intellectual Property Office (or any successor office)
within the three month period (commencing as of the date hereof) and all Collateral (other than Excluded Perfection Assets) constituting Canadian registered Copyrights in the Canadian Intellectual Property Office (or any successor office) within the
one month period (commencing as of the applicable date of acquisition or filing), provided, however, that additional filings may be required to perfect the security interest in any Intellectual Property acquired after the date hereof. Nothing in
this Agreement shall be deemed to require any Grantor to prepare any documents or otherwise take any action to perfect the Collateral Agent’s security interest in any Intellectual Property outside of Canada. 

 

	3.3	Pledged Collateral. 

 Each Grantor represents and warrants as follows: 

 

	 	(a)	Schedule 7 hereto (i) correctly represents as of the Closing Date (A) the issuer, the certificate number, the Grantor and the record and beneficial owner, the number and class and the percentage of the issued
and outstanding Stock of such Subsidiary of each class of all Stock of such Subsidiary and (B) the issuer, the initial principal amount or the approximate amount outstanding as of the date hereof, the Grantor and holder, issue date of and
maturity date of all Pledged Debt and (ii) together with the comparable schedule to each supplement hereto, includes all Stock, debt securities and promissory notes constituting part of the Collateral (other than Excluded Perfection Assets).
Except as set forth on Schedule 7, the Pledged Stock represents all of the issued and outstanding Stock of each class of Stock in the issuer on the Closing Date. 

  
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	 	(b)	Such Grantor is the legal and beneficial owner of the Pledged Collateral pledged or assigned by such Grantor hereunder free and clear of any Lien, except for Liens permitted by the ABL Credit Agreement.

  

	 	(c)	As of the Closing Date, the Pledged Stock pledged by such Grantor hereunder has been duly authorized and validly issued and, in the case of Pledged Stock issued by a corporation, is fully paid and non-assessable.

  

	 	(d)	As of the date hereof [except to the extent described in Section 2 above], no Grantor has knowledge of rights in any Commercial Tort Claim as to which it reasonably expects to recover more than $5,000,000.

 SECTION 4 – COVENANTS. 
 Each
Grantor hereby covenants and agrees with the Collateral Agent and the Canadian Secured Parties that, from and after the date of this Security Agreement until the Obligations are paid in full and the Commitments are terminated (other than indemnities
and other contingent Obligations not then due and payable): 
  

	4.1	Maintenance of Perfected Security Interest; Further Documentation. 

  

	 	(a)	Such Grantor shall maintain the Security Interest created by this Security Agreement as a perfected Security Interest having at least the priority described in Section 3.1 and subject to the qualifications
described in Section 3.2 shall defend such Security Interest against the claims and demands of all Persons whomsoever other than the holders of Liens permitted by the Credit Agreement. 

 

	 	(b)	Such Grantor will furnish to the Collateral Agent and the Canadian Lenders from time to time statements and schedules further identifying and describing the assets and property of such Grantor and such other reports in
connection therewith as the Collateral Agent may reasonably request. 

  

	 	(c)	Subject to clause (d) below, each Grantor agrees that at any time and from time to time, at the expense of such Grantor, it will execute any and all further documents, financing statements, agreements and
instruments, and take all such further actions (including the filing and recording of financing statements and other documents, including all applicable documents required under Section 3.2(b)(C)), which may be required under any applicable law, or
which the Collateral Agent or the Required Lenders may reasonably request, in order to enable the Collateral Agent to exercise and enforce its rights and remedies hereunder with respect to any Collateral, including the filing of any financing,
continuation, or financing change statements under the PPSA in effect in any jurisdiction with respect to the Security Interest created hereby and all applicable documents required under Section 3.2(b)(C), all at the expense of such Grantor.

  
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	 	(d)	Notwithstanding anything in this Section 4.1 to the contrary, (i) with respect to any assets acquired by such Grantor after the date hereof that constitute Collateral or (ii) with respect to any Person
that, subsequent to the date hereof, becomes a Domestic Subsidiary that is required by the ABL Credit Agreement to become a party hereto, the relevant Grantor after the acquisition or creation thereof shall promptly take all actions required by the
ABL Credit Agreement or this Section 4.1. 

  

	 	(e)	In order better to perfect the security interest of the Canadian Secured Parties in ABL Controlled Accounts which are subject to Applicable Control Agreements, each Grantor hereby grants to the Collateral Agent, for the
benefit of the Canadian Secured Parties, a lien on and security interest in, all of its right, title and interest in, to and under the ABL Controlled Accounts and shall enter into any Applicable Control Agreements as required by the Collateral
Agent. 

  

	4.2	Damage or Destruction of Collateral. 

 The Grantors agree promptly to notify the Collateral
Agent if any material portion of the tangible Collateral is damaged or destroyed. 
  

	4.3	Notices. 

 Each Grantor will advise the Collateral Agent promptly, in reasonable detail, of any
Lien of which it has knowledge (other than the Security Interests created hereby or Liens permitted under the ABL Credit Agreement) on any of the Collateral which would adversely affect, in any material respect, the ability of the Collateral Agent
to exercise any of its remedies hereunder. 
  

	4.4	Location of Inventory and Equipment. 

 Such Grantor will not move any material portion of
Equipment or Inventory to any province or jurisdiction, other than any province, jurisdiction or location that is listed in the relevant Schedules to the Perfection Certificate or changes in location to a leased property subject to a landlord waiver
and access agreement unless it shall have given prompt written notice thereof to the Collateral Agent. 
  

	4.5	Compliance with Section 8.9 of the ABL Credit Agreement. 

 Each Grantor will comply with
Section 8.9(a) of the ABL Credit Agreement. 
  

	4.6	Commercial Tort Claims 

 If such Grantor shall obtain an interest in any Commercial Tort Claim
as to which it determines that it reasonably expects to recover more than $5,000,000, such Grantor shall promptly upon making such determination sign and deliver documentation reasonably acceptable to the Collateral Agent granting a security
interest under the terms and provisions of this Agreement in and to such Commercial Tort Claim. 

  
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	4.7	Notice Regarding Change of Address, etc. 

 The Grantor shall notify the Collateral Agent in
writing: 
 (a) At least 30 days prior to any change of name of the Grantor; and 

(b) At least 15 days prior to any transfer of the Grantor’s interest in any part of the Collateral not expressly permitted hereunder or
under the ABL Credit Agreement. 
  

	4.8	Additional STA Related Covenants: 

 Without limiting the generality of other terms of this
Agreement, the Grantor shall: 
  

	 	(a)	deliver to the Collateral Agent any and all certificates representing Collateral that is a Certificated Security (the “Pledged Certificated Securities”) and other materials as may be required from time to time
to provide the Collateral Agent with control over all Pledged Certificated Securities in the manner provided under Section 23 of the STA, and at the written request of the Collateral Agent, will cause all certificated Pledged Securities to be
registered in the name of the Collateral Agent or its nominee; 

  

	 	(b)	deliver to the Collateral Agent any and all such documents, agreements and other materials as may be required from time to time to provide the Collateral Agent with control over all Collateral that is an uncertificated
security in the manner provided under Section 24 of the STA; 

  

	 	(c)	deliver to the Collateral Agent any and all such documents, agreements and other materials as may be required from time to time to provide the Collateral Agent with control over all Collateral that is a Security
Entitlement in the manner provided under Section 25 or 26 of the STA; and 

  

	 	(d)	deliver to the Collateral Agent any and all such documents, agreements and other materials as may be required from time to time to provide the Collateral Agent with control over all Collateral that is a Futures Contract
in the manner provided under subsection 1(2) of the PPSA. 

 SECTION 5 – REMEDIAL PROVISIONS. 

 

	5.1	Certain Matters Relating to Accounts. 

  

	 	(a)	At any time after the occurrence and during the continuance of an Event of Default, the Canadian Administrative Agent shall have the right, but not the obligation, to instruct the Collateral Agent to (and upon such
instruction, the Collateral Agent shall) make test verifications of the Accounts in any manner and through any medium that the Canadian Administrative Agent reasonably considers advisable, and each Grantor shall furnish all such reasonable
assistance and information as the Collateral Agent may require in connection with such test verifications. The Collateral Agent shall have the right to share any information it gains from such inspection or verification with any Secured Party in
accordance with the terms of the Credit Documents. 

  
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	 	(b)	Each Grantor is permitted at all times to collect such Grantor’s Accounts except that the Collateral Agent may curtail or terminate said authority at any time after the occurrence and during the continuance of an
Event of Default in respect of Accounts constituting Collateral. If required in writing by the Collateral Agent at any time after the occurrence and during the continuance of an Event of Default, any payments of Accounts, when collected by any
Grantor, (i) shall be forthwith (and, in any event, within three (3) Business Days of receipt by such Grantor) deposited by such Grantor in the exact form received, duly endorsed by such Grantor to the Collateral Agent if required, in a
Collateral Account maintained under the control of and on terms and conditions reasonably satisfactory to the Collateral Agent subject to withdrawal by the Collateral Agent, for the account of the Canadian Secured Parties only as provided in
Section 5.5, and (ii) until so turned over, shall be held by such Grantor for the Collateral Agent and the Canadian Secured Parties, segregated from other funds of such Grantor. 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 Collateral Agent’s written request at any time after the occurrence and during the continuance of an Event of Default, each Grantor shall deliver to the Collateral Agent, all original and other documents
evidencing, and relating to, the agreements and transactions which gave rise to the Accounts constituting Collateral, including all original orders, invoices and shipping receipts. 

 

	 	(d)	Other than in the ordinary course of business or as permitted by the Credit Documents, during the continuance of an Event of Default a Grantor shall not grant any extension of the time of payment of any of the Accounts,
compromise, compound or settle the same for less than the full amount thereof, release, wholly or partly, any Person liable for the payment thereof, or allow any credit or discount whatsoever thereon if the Collateral Agent shall have instructed the
Grantors not to grant or make any such extension, credit, discount, compromise or settlement under any circumstances. 

  

	 	(e)	At the reasonable written direction of the Collateral Agent, upon the occurrence and during the continuance of an Event of Default, each Grantor shall grant to the Collateral Agent for the benefit of the Canadian
Secured Parties, to the extent assignable, until termination of this Agreement, a nonexclusive, fully paid-up, royalty free, worldwide license to use or sublicense any of the Intellectual Property now owned or hereafter acquired by such Grantor;
provided however that no such license shall be deemed granted to the extent it (i) conflicts with the terms of any agreement to which such Grantor is a party or otherwise bound or (ii) would result in the invalidity, unenforceability or
abandonment of any Trademarks. Such license shall include access to all media in which any of the licensed items may be recorded or stored and to all computer programs used for the compilation or printout thereof. 

  
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	5.2	Communications with Credit Parties; Grantors Remain Liable. 

  

	 	(a)	The Collateral Agent in its own name or in the name of others may at any time after the occurrence and during the continuance of an Event of Default, after giving reasonable written notice to the relevant Grantor of its
intent to do so, communicate with obligors under the Accounts to verify with them to the Collateral Agent’s satisfaction the existence, amount and terms of any Accounts constituting Collateral. The Collateral Agent shall have the right to share
any information it gains from such inspection or verification with any Secured Party or the Term Collateral Agent in accordance with the terms of the Credit Documents. 

 

	 	(b)	Upon the written reasonable request of the Collateral Agent at any time after the occurrence and during the continuance of an Event of Default, each Grantor shall notify obligors on the Accounts that the Accounts have
been assigned to the Collateral Agent for the benefit of the Canadian Secured Parties, and that payments in respect thereof shall be made directly to the Collateral Agent. 

 

	 	(c)	Anything herein to the contrary notwithstanding, each Grantor shall remain liable to the relevant Account creditors under each of the Accounts 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 Collateral 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 Security Agreement or the receipt by the Collateral Agent or any Secured Party of any payment relating thereto, nor shall the Collateral 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.

  

	5.3	Proceeds to be Turned Over To Collateral Agent. 

 In addition to the rights of the Collateral
Agent and the Canadian Secured Parties specified in Section 5.1 with respect to payments of Accounts, if an Event of Default shall occur and be continuing and the Collateral Agent so instructs any Grantor to do so in writing, all Proceeds
received by any Grantor consisting of cash, checks and other near cash items shall be held by such Grantor in trust for the Collateral Agent and the Canadian Secured Parties, segregated from other funds of such Grantor, and shall, forthwith upon
receipt by such Grantor, be turned over to the Collateral Agent, in the exact form received by such Grantor (duly endorsed by such Grantor to the Collateral Agent if required). All Proceeds received by the Collateral Agent hereunder shall be held by
the Collateral Agent in a Collateral Account maintained under its dominion and control and on terms and conditions reasonably satisfactory to the Collateral Agent. All 

  
 15 

 
Proceeds while held by the Collateral Agent in a Collateral Account (or by such Grantor in trust for the Collateral Agent and the Canadian Secured Parties) shall continue to be held as collateral
security for all the Obligations and shall not constitute payment thereof until applied as provided in Section 5.4. 
  

	5.4	Application of Proceeds. 

 If an Event of Default shall have occurred and be continuing, the
Collateral Agent shall apply the proceeds of any collection, sale or other realization of the Collateral as well as any Collateral consisting of cash held by Collateral Agent pursuant to this Agreement, at any time after receipt in the order
specified in Section 10 of the ABL Credit Agreement and according to the priorities set forth in the Intercreditor Agreement. 
  

	5.5	Code and Other Remedies. 

 If an Event of Default shall occur and be continuing, the Collateral
Agent may exercise in respect of the Collateral, in addition to all other rights and remedies provided for herein or otherwise available to it, all the rights and remedies of a secured party upon default under the PPSA, the Civil Code of Quebec (the
“CCQ”) or the Code (whether or not the CCQ or the Code applies to the affected Collateral), or any other applicable law and also may with notice to the relevant Grantor, sell the Collateral or any part thereof in one or more parcels at
public or private sale or sales, at any exchange, broker’s board or office of the Collateral Agent or any Lender or elsewhere for cash or on credit or for future delivery at such price or prices and upon such other terms as are commercially
reasonable. The Collateral Agent shall be authorized at any such sale (if it deems it reasonably advisable to do so) to restrict the prospective bidders or purchasers of Collateral to Persons who will represent and agree that they are purchasing the
Collateral for their own account for investment and not with a view to the distribution or sale thereof, and, upon consummation of any such sale, the Collateral Agent shall have the right to assign, transfer and deliver to the purchaser or
purchasers thereof the Collateral so sold. 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 law) all rights of
stay and/or appraisal that it now has or may at any time in the future have under any rule of law or statute now existing or hereafter enacted. The Collateral Agent and any Secured Party shall have the right upon any such public sale, and, to the
extent permitted by law, upon any such private sale, to purchase the whole or any part of the Collateral so sold, and the Collateral Agent or such Secured Party may pay the purchase price by crediting the amount thereof against the Obligations. Each
Grantor agrees that, to the extent notice of sale shall be required by law, at least ten (10) days’ notice to such Grantor of the time and place of any public sale or the time after which any private sale is to be made shall constitute
reasonable notification. The Collateral Agent shall not be obligated to make any sale of Collateral regardless of notice of sale having been given. The Collateral Agent may adjourn any public or private sale from time to time by announcement at the
time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. To the extent permitted by law, each Grantor hereby waives any claim against the Collateral Agent arising by reason
of the fact that the price at which any Collateral may have been sold at such a private sale was less than the price that might have been 

  
 16 

 
obtained at a public sale, even if the Collateral Agent accepts the first offer received and does not offer such Collateral to more than one offeree. Each Grantor further agrees, at the
Collateral Agent’s reasonable written request to assemble the Collateral and make it available to the Collateral Agent, at places which the Collateral Agent shall reasonably select, whether at such Grantor’s premises or elsewhere. The
Collateral Agent shall apply the net proceeds of any action taken by it pursuant to this subsection 5.5 in accordance with the provisions of subsection 5.4. Additionally, the Collateral Agent shall have the right, at any time after the occurrence
and during the continuance of an Event of Default and with notice to the relevant Grantor, to transfer to, or to register in the name of, the Collateral Agent or any of its nominees any or all of the Collateral. 

 

	5.6	Deficiency. 

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

 

	5.7	Amendments, etc. with Respect to the Obligations; Waiver of Rights. 

 Each Grantor shall remain
obligated hereunder notwithstanding that, without any reservation of rights against any Grantor and without notice to or further assent by any Grantor, (a) any demand for payment of any of the Obligations made by the Collateral Agent or any
other Secured Party may be rescinded by such party and any of the Obligations continued, (b) the Obligations, or the liability of any other party upon or for any part thereof, or any collateral security or guarantee therefor or right of offset
with respect thereto, may, from time to time, in whole or in part, be renewed, extended, amended, modified, accelerated, compromised, waived, surrendered or released by the Collateral Agent or any other Secured Party, (c) the ABL Credit
Agreement, the other Credit Documents and any other documents executed and delivered in connection therewith and the Secured Cash Management Agreements and the Secured Hedge Agreements and any other documents executed and delivered in connection
therewith may be amended, modified, supplemented or terminated, in whole or in part, as the Collateral Agent (or the Required Canadian Lenders, as the case may be, or, in the case of any Secured Hedge Agreement or Secured Cash Management Agreement,
the Hedge Bank or Cash Management Bank party thereto) may deem advisable from time to time, and (d) any collateral security, guarantee or right of offset at any time held by the Collateral Agent or any other Secured Party for the payment of the
Obligations may be sold, exchanged, waived, surrendered or released. Neither the Collateral Agent nor any other Secured Party shall have any obligation to protect, secure, perfect or insure any Lien at any time held by it as security for the
Obligations or for this Security Agreement or any property subject thereto. When making any demand hereunder against any Grantor, the Collateral Agent or any other Secured Party may, but shall be under no obligation to, make a similar demand on any
Grantor or any other Person, and any failure by the Collateral Agent or any other Secured Party to make any such demand or to collect any payments from the Company or any Grantor or any other Person or any release of any the Company or any Grantor
or any other Person shall not relieve any Grantor in respect of which a demand or collection is not made or any Grantor not so released of its 

  
 17 

 
several obligations or liabilities hereunder, and shall not impair or affect the rights and remedies, express or implied, or as a matter of law, of the Collateral Agent or any other Secured Party
against any Grantor. For the purposes hereof “demand” shall include the commencement and continuance of any legal proceedings. 
  

	5.8	Powers of Entry 

 At any time after the occurrence and during the continuance of an Event of
Default, the Collateral Agent may take such steps as it considers necessary or desirable to obtain possession of all or any part of the Collateral and, to that end, the Grantor agrees that the Collateral Agent, its servants or agents or Receiver (as
hereinafter defined) may, at any time, during the day or night, enter upon lands and premises where the Collateral may be found for the purpose of taking possession of and/or removing the Collateral or any part thereof. In the event of the
Collateral Agent taking possession of the Collateral, or any part thereof, the Collateral Agent shall have the right to maintain the same upon the premises on which the Collateral may then be situate. The Collateral Agent may take such action or do
such things as to render any Equipment unusable. 
  

	5.9	Matters Relating to the Pledged Collateral. 

  

	 	(a)	Subject to paragraph (c) below, so long as no Event of Default shall have occurred and be continuing and except in the case of a bankruptcy default, the Collateral Agent shall have given the Grantors prior written
notice of its intent to exercise its rights under this Agreement: 

  

	 	(i)	Each Grantor shall be entitled to exercise any and all voting and other consensual rights pertaining to the Pledged Collateral or any part thereof for any purpose not prohibited by the terms of this Agreement or the
other Credit Documents, and applicable law. 

  

	 	(ii)	The Collateral Agent shall execute and deliver (or cause to be executed and delivered) to each Grantor all such proxies and other instruments as such Grantor may reasonably request for the purpose of enabling such
Grantor to exercise the voting and other rights that it is entitled to exercise pursuant to paragraph (i) above. 

  

	 	(b)	 Subject to paragraph (c) below, each Grantor shall be entitled to receive and retain and use, free and clear of the Liens created under this
Agreement, any and all dividends, distributions, principal and interest made or paid in respect of the Pledged Collateral to the extent permitted by the ABL Credit Agreement; provided, however, that any and all non-cash dividends, interest,
principal or other distributions that would constitute Pledged Stock or Pledged Debt, whether resulting from a subdivision, combination or reclassification of the outstanding Stock or Stock Equivalents of the issuer of any Pledged Stock or received
in exchange for Pledged Stock or Pledged Debt or any part thereof, or in redemption thereof, or as a result of any merger, consolidation, acquisition or other exchange of assets to which such issuer may be a party or otherwise, shall be, and shall
be forthwith delivered to the Collateral Agent to hold as, Pledged Collateral and shall, if received by such Grantor, be received in trust for the benefit of the 

  
 18 

	 	
Collateral Agent, be segregated from the other property or funds of such Grantor and be forthwith delivered to the Collateral Agent as Pledged Collateral in the same form as so received (with any
necessary endorsement). 

  

	 	(c)	Upon written notice to a Grantor by the Collateral Agent following the occurrence and during the continuance of an Event of Default, 

 

	 	(i)	all rights of such Grantor to exercise or refrain from exercising the voting and other consensual rights that it would otherwise be entitled to exercise pursuant to Section 5.8(a)(i) shall cease, and all such
rights shall thereupon become vested in the Collateral Agent, which shall thereupon have the sole right to exercise or refrain from exercising such voting and other consensual rights during the continuance of such Event of Default, provided that,
unless otherwise directed by the Required Canadian Lenders, the Collateral Agent shall have the right from time to time following the occurrence and during the continuance of an Event of Default to permit the Grantors to exercise such rights. After
all Events of Default have been cured or waived, each Grantor will have the right to exercise the voting and consensual rights that such Grantor would otherwise be entitled to exercise pursuant to the terms of Section 5.8(a)(i) (and the
obligations of the Collateral Agent under Section 5.8(a)(ii) shall be reinstated); 

  

	 	(ii)	all rights of such Grantor to receive the dividends, distributions and principal and interest payments that such Grantor would otherwise be authorized to receive and retain pursuant to Section 5.8(b) shall cease,
and all such rights shall thereupon become vested in the Collateral Agent, which shall thereupon have the sole right to receive and hold as Collateral such dividends, distributions and principal and interest payments during the continuance of such
Event of Default. After all Events of Default have been cured or waived, the Collateral Agent shall repay to each Grantor (without interest) all dividends, distributions and principal and interest payments that such Grantor would otherwise be
permitted to receive, retain and use pursuant to the terms of Section 5.8(b) to the extent that such amounts have not been applied to repay Obligations; 

  

	 	(iii)	all dividends, distributions and principal and interest payments that are received by such Grantor contrary to the provisions of Section 5.8(b) shall be received in trust for the benefit of the Collateral Agent,
and shall be segregated from other property or funds of such Grantor and shall forthwith be delivered to the Collateral Agent as Pledged Collateral in the same form as so received (with any necessary endorsements); and 

 

	 	(iv)	 in order to permit the Collateral Agent to receive all dividends, distributions and principal and interest payments to which it may be entitled under
Section 5.8(b) above, to exercise the voting and other consensual rights that it may be entitled to exercise pursuant to Section 5.8(c)(i) above, and to receive all dividends, distributions and principal

  
 19 

	 	
and interest payments that it may be entitled to under Sections 5.8(c)(ii) and (c)(iii) above, such Grantor shall, if necessary, upon reasonable written notice from the Collateral Agent, from
time to time execute and deliver to the Collateral Agent, appropriate proxies, dividend payment orders and other instruments as the Collateral Agent may in writing reasonably request. 

 

	5.10	Receiver-Manager 

 The Collateral Agent may, in addition to any other rights it may have,
appoint by instrument in writing a receiver or receiver and manager (both of which are herein called a “Receiver”) of all or any part of the Collateral or may institute proceedings in any court of competent jurisdiction for the appointment
of such a Receiver. Any such Receiver is hereby given and shall have the same powers and rights and exclusions and limitations of liability as the Canadian Secured Parties and the Collateral Agent have under this Security Agreement, at law or in
equity. In exercising any such powers, any such Receiver shall, to the extent permitted by law, act as and for all purposes shall be deemed to be the agent of the Grantor, and the Canadian Secured Parties and the Collateral Agent shall not be
responsible for any act or default of any such Receiver. The Collateral Agent may appoint one or more Receivers hereunder and may remove any such Receiver or Receivers and appoint another or others in his or their stead from time to time. Any
Receiver so appointed may be an officer or employee of the Collateral Agent or any of the other Canadian Secured Parties. A court need not appoint, ratify the appointment by the Collateral Agent of or otherwise supervise in any manner the actions of
any Receiver. Upon the Grantor receiving notice from the Collateral Agent of the taking of possession of the Collateral or the appointment of a Receiver, all powers, functions, rights and privileges of each of the directors and officers of the
Grantor with respect to the Collateral shall cease, unless specifically continued by the written consent of the Collateral Agent. 
 SECTION 6 – THE
COLLATERAL AGENT. 
  

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

  

	 	(a)	Each Grantor hereby appoints, in its capacity as a Credit Party, which appointment is irrevocable and coupled with an interest, the Collateral Agent or any Receiver appointed by the court or the Collateral Agent as
provided herein, and any officer or agent thereof, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of such Grantor and in the name of such Grantor or
otherwise, for the purpose of carrying out the terms of this Security Agreement, to take any and all appropriate action and to execute any and all documents and instruments that may be necessary or reasonably desirable to accomplish the purposes of
this Security Agreement, and, without limiting the generality of the foregoing, each Grantor hereby gives the Collateral Agent the power and right, on behalf of such Grantor, either in the Collateral Agent’s name or in the name of such Grantor
or otherwise, without written notice to or assent by such Grantor, to do any or all of the following, in each case after the occurrence and during the continuance of an Event of Default: 

 

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

  
 20 

	 	(ii)	in the case of any Intellectual Property constituting Collateral, execute and deliver, and have recorded, any and all agreements, instruments, documents and papers as the Collateral Agent may in writing, reasonably
request to evidence the Collateral Agent’s and the Canadian Secured Parties’ Security Interest in such Intellectual Property and the goodwill and general intangibles of such Grantor relating thereto or represented thereby;

  

	 	(iii)	pay or discharge taxes and Liens levied or placed on or threatened against the Collateral; 

  

	 	(iv)	execute, in connection with any sale provided for in Section 5.5, any endorsements, assignments or other instruments of conveyance or transfer with respect to the Collateral; 

 

	 	(v)	obtain and adjust insurance in respect of Collateral required to be maintained by such Grantor pursuant to Section 8.3 of the ABL Credit Agreement; 

 

	 	(vi)	direct any party liable for any payment under any of the Collateral to make payment of any and all moneys due or to become due thereunder directly to the Collateral Agent or as the Collateral Agent shall direct;

  

	 	(vii)	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; 

 

	 	(viii)	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; 

  

	 	(ix)	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; 

  
 21 

	 	(x)	defend any suit, action or proceeding brought against such Grantor with respect to any Collateral; 

  

	 	(xi)	settle, compromise or adjust any such suit, action or proceeding and, in connection therewith, give such discharges or releases as the Collateral Agent may deem appropriate; 

 

	 	(xii)	assign any Copyright, Patent or Trademark constituting Collateral (along with the goodwill of the business to which any such Copyright, Patent or Trademark pertains), throughout the world for such term or terms, on such
conditions, and in such manner, as the Collateral Agent shall in its sole discretion determine; 

  

	 	(xiii)	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 Collateral Agent were the absolute owner thereof for all
purposes, and do, at the Collateral Agent’s option and such Grantor’s expense, at any time, or from time to time, all acts and things that the Collateral Agent deems necessary to protect, preserve or realize upon the Collateral and the
Collateral Agent’s and the Canadian Secured Parties’ Security Interests therein and to effect the intent of this Security Agreement, all as fully and effectively as such Grantor might do, and for greater certainty, any sale, lease or
disposition of the Collateral by the Collateral Agent shall be on such terms and conditions as to credit and otherwise and as to upset or reserve bid or price as the Collateral Agent, in its sole discretion, may deem advantageous, acting reasonably;
and 

  

	 	(xiv)	carry on, or concur in the carrying on of, all or any part of the business or undertaking of the Grantor, and may, to the exclusion of all others, including the Grantor, enter upon, occupy and use all or any of the
premises, buildings, plant and undertaking of or occupied or used by the Grantor and may use all or any of the tools, machinery, equipment and intangibles of the Grantor for such time as the Collateral Agent sees fit, free of charge, to carry on the
business of the Grantor and, if applicable, to manufacture or complete the manufacture of any Inventory and to pack and ship the finished product. 

Anything in this Section 6.1(a) to the contrary notwithstanding, the Collateral Agent agrees that it will not exercise, without written
notice, any rights under the power of attorney provided for in this Section 6.1(a) unless an Event of Default shall have occurred and be continuing. 
  

	 	(b)	If any Grantor fails to perform or comply with any of its agreements contained herein, the Collateral Agent, at its option, but without any obligation so to do, may during the continuance of an Event of Default perform
or comply, or otherwise cause performance or compliance, with such agreement. 

  

	 	(c)	 The expenses of the Collateral Agent incurred in connection with actions undertaken as provided in this Section 6.1, together with interest
thereon at a rate 

  
 22 

	 	
per annum equal to the rate per annum at which interest would then be payable on past due ABR Canadian Loans under the ABL Credit Agreement, from the date of payment by the Collateral Agent to
the date reimbursed by the relevant Grantor, shall be payable by such Grantor to the Collateral Agent on demand. 

  

	 	(d)	Each Grantor hereby ratifies all that said attorneys shall lawfully do or cause to be done by virtue hereof. All powers, authorizations and agencies contained in this Security Agreement are coupled with an interest and
are irrevocable until the payment in full of the Obligations and the Commitments are terminated (other than indemnities and other contingent Obligations not then due). 

 

	6.2	Duty of Collateral Agent. 

 The Collateral Agent’s sole duty with respect to the custody,
safekeeping and physical preservation of the Collateral in its possession, under Part V of the PPSA or otherwise, shall be to deal with it in the same manner as the Collateral Agent deals with similar property for its own account. The Collateral
Agent shall be deemed to have exercised reasonable care in the custody and preservation of any Collateral in its possession if such Collateral is accorded treatment substantially equal to that which the Collateral Agent accords its own property.
Neither the Collateral Agent, any Secured Party nor any of their respective officers, directors, employees or agents shall be liable for failure to demand, collect or realize upon any of the Collateral or for any delay in doing so or shall be under
any obligation to sell or otherwise dispose of any Collateral upon the request of 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 Collateral Agent
and the Canadian Secured Parties hereunder are solely to protect the Collateral Agent’s and the Canadian Secured Parties’ interests in the Collateral and shall not impose any duty upon the Collateral Agent or any Secured Party to exercise
any such powers. The Collateral Agent and the Canadian Secured Parties shall be accountable only for amounts that they actually receive as a result of the exercise of such powers, and neither they nor any of their officers, directors, employees or
agents shall be responsible to any Grantor for any act or failure to act hereunder, except for their own bad faith, gross negligence or wilful misconduct. 
  

	6.3	Authority of Collateral Agent. 

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

  
 23 

	6.4	Continuing Security Interest; Assignments Under the ABL Credit Agreement; Release. 

  

	 	(a)	This Security Agreement shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon each Grantor and the successors and assigns thereof and shall inure to the benefit of
the Collateral Agent and the other Canadian Secured Parties and their respective successors, endorsees, transferees and assigns until all Obligations under the Credit Documents (other than any contingent Obligations not then due) and the Obligations
of each Grantor under this Security Agreement shall have been satisfied by payment in full, notwithstanding that from time to time during the term of the ABL Credit Agreement and any Secured Cash Management Agreements and Secured Hedge Agreement the
Credit Parties may be free from any Obligations. 

  

	 	(b)	A Grantor shall automatically be released from its obligations hereunder if it ceases to be a Canadian Guarantor in accordance with Section 12.1 of the ABL Credit Agreement. 

 

	 	(c)	The Security Interest granted hereby in any Collateral shall automatically and without further action be released (i) to the extent provided in Section 12.1 of the ABL Credit Agreement (ii) upon any sale,
transfer or other disposition to any Person (other than a Grantor) not prohibited by the Credit Agreement and (iii) upon the effectiveness of any written consent to the release of the Security Interest granted hereby in such Collateral pursuant
to Section 12.1 of the ABL Credit Agreement. Any such release in connection with any sale, transfer or other disposition of such Collateral shall result in such Collateral being sold, transferred or disposed of, as applicable, free and clear of
the Lien and Security Interest created hereby. 

  

	 	(d)	In connection with any termination or release pursuant to paragraph (a), (b) or (c) above, the Collateral Agent shall promptly execute and deliver to any Grantor, at such Grantor’s expense, all documents
that such Grantor shall reasonably request to evidence such termination or release. Any execution and delivery of documents pursuant to this Section 6.5 shall be without recourse to or warranty by the Collateral Agent. 

 

	6.5	Reinstatement. 

 Each Grantor further agrees that, if any payment made by any Credit Party or
other Person and applied to the Obligations is at any time annulled, avoided, set aside, rescinded, invalidated, declared to be fraudulent or preferential or otherwise required to be refunded or repaid, or the proceeds of Collateral are required to
be returned by any Secured Party to such Credit Party, its estate, trustee, receiver or any other party, including any Grantor, under any bankruptcy law, state or federal law, common law or equitable cause, then, to the extent of such payment or
repayment, any Lien or other Collateral securing such liability shall be and remain in full force and effect, as fully as if such payment had never been made or, if prior thereto the Lien granted hereby or other Collateral securing such liability
hereunder shall have been released or terminated by virtue of such cancellation or surrender), such Lien or other Collateral shall be reinstated 

  
 24 

 
in full force and effect, and such prior cancellation or surrender shall not diminish, release, discharge, impair or otherwise affect any Lien or other Collateral securing the obligations of any
Grantor in respect of the amount of such payment. 
 SECTION 7 – COLLATERAL AGENT AS AGENT. 

 

	 	(a)	Bank of America, N.A. has been appointed to act as the Collateral Agent under the ABL Credit Agreement, by the Canadian Lenders under the ABL Credit Agreement and, by their acceptance of the benefits hereof, the other
Canadian Secured Parties. The Collateral Agent shall be obligated, and shall have the right hereunder, to make demands, to give notices, to exercise or refrain from exercising any rights, and to take or refrain from taking any action (including the
release or substitution of Collateral), solely in accordance with this Security Agreement and the ABL Credit Agreement. 

  

	 	(b)	The Collateral Agent shall at all times be the same Person that is the Collateral Agent under the ABL Credit Agreement. Written notice of resignation by the Collateral Agent pursuant to Section 11.9 of the ABL Credit
Agreement shall also constitute notice of resignation as Collateral Agent under this Security Agreement; removal of the Collateral Agent shall also constitute removal under this Security Agreement; and appointment of a Collateral Agent pursuant to
Section 11.9 of the ABL Credit Agreement shall also constitute appointment of a successor Collateral Agent under this Security Agreement. Upon the acceptance of any appointment as Collateral Agent under Section 11.9 of the ABL Credit
Agreement by a successor Collateral Agent, that successor Collateral Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring or removed Collateral Agent under this Security Agreement, and
the retiring or removed Collateral Agent under this Security Agreement shall promptly (i) transfer to such successor Collateral Agent all sums, Securities and other items of Collateral held hereunder, together with all records and other
documents necessary or appropriate in connection with the performance of the duties of the successor Collateral Agent under this Security Agreement, and (ii) execute and deliver to such successor Collateral Agent or otherwise authorize the filing of
such amendments to financing statements and take such other actions, as may be necessary or appropriate in connection with the assignment to such successor Collateral Agent of the Security Interests created hereunder, whereupon such retiring or
removed Collateral Agent shall be discharged from its duties and obligations under this Security Agreement. After any retiring or removed Collateral Agent’s resignation or removal hereunder as Collateral Agent, the provisions of this Security
Agreement shall inure to its benefit as to any actions taken or omitted to be taken by it under this Security Agreement while it was Collateral Agent hereunder. 

  

	 	(c)	The Collateral Agent shall not be deemed to have any duty whatsoever with respect to any Secured Party that is a counterparty to a Secured Cash Management Agreement or Secured Hedge Agreement the obligations under which
constitute Obligations, unless it shall have received written notice in form and substance reasonably satisfactory to the Collateral Agent from a Grantor or any such Secured Party as to the existence and terms of the applicable Secured Cash
Management Agreement or Secured Hedge Agreement. 

  
 25 

 SECTION 8 – MISCELLANEOUS. 
  

	8.1	Amendments in Writing. 

 None of the terms or provisions of this Security Agreement may be
waived, amended, supplemented or otherwise modified except by a written instrument executed by the affected Grantor and the Collateral Agent in accordance with Section 12.1 of the ABL Credit Agreement. 

 

	8.2	Notices. 

 All notices, requests and demands pursuant hereto shall be made in accordance with
Section 12.2 of the ABL Credit Agreement. All communications and notices hereunder to any Grantor shall be given to it in care of the Company at the Company’s address set forth in Section 12.2 of the ABL Credit Agreement. 

 

	8.3	No Waiver by Course of Conduct; Cumulative Remedies. 

 Neither the Collateral Agent nor any
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 or
in any breach of any of the terms and conditions hereof. No failure to exercise, nor any delay in exercising, on the part of the Collateral Agent or any other Secured Party, any right, power or privilege hereunder shall operate as a waiver thereof.
No single or partial exercise of any right, power or privilege hereunder shall preclude any other or further exercise thereof or the exercise of any other right, power or privilege. A waiver by the Collateral Agent or any other Secured Party of any
right or remedy hereunder on any one occasion shall not be construed as a bar to any right or remedy that the Collateral Agent or such other Secured Party would otherwise have on any future occasion. The rights, remedies, powers and privileges
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	Successors and Assigns. 

 The provisions of this Security Agreement shall be binding upon and
inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that no Grantor may assign, transfer or delegate any of its rights or obligations under this Security Agreement without the prior written
consent of the Collateral Agent except pursuant to a transaction permitted by the ABL Credit Agreement. 
  

	8.5	Counterparts. 

 This Security Agreement may be executed by one or more of the parties to this
Security Agreement on any number of separate counterparts (including by facsimile or other electronic transmission), and all of said counterparts taken together shall be deemed to constitute one and the same instrument. A set of the copies of this
Security Agreement signed by all the parties shall be lodged with the Collateral Agent and the Company. 

  
 26 

	8.6	Severability. 

 Any provision of this Security Agreement that is prohibited or unenforceable in
any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not
invalidate or render unenforceable such provision in any other jurisdiction provided that, with respect to any Pledged Stock issued by a Foreign Subsidiary, all rights, powers and remedies provided in this Security Agreement may be exercised only to
the extent that they do not violate any provision of any law, rule or regulation of any Governmental Authority applicable to any such Pledged Stock or affecting the legality, validity or enforceability of any of the provisions of this Security
Agreement against the Pledgor (such laws, rules or regulations, “Applicable Law”) and are intended to be limited to the extent necessary so that they will not render this Security Agreement invalid, unenforceable or not entitled to be
recorded, registered or filed under the provisions of any Applicable Law. 
  

	8.7	Section Headings. 

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

	8.8	Integration. 

 This Security Agreement together with the other Credit Documents represents the
agreement of each of the Grantors with respect to the subject matter hereof and there are no promises, undertakings, representations or warranties by the Collateral Agent or any other Secured Party relative to the subject matter hereof not expressly
set forth or referred to herein or in the other Credit Documents. 
  

	8.9	GOVERNING LAW. 

 THIS SECURITY AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER
(OTHER THAN AS EXPRESSLY SET FORTH IN OTHER CREDIT DOCUMENTS) SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE PROVINCE OF ONTARIO. THE GRANTOR IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING ANY OBJECTION TO THE
LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING SUCH JURISDICTION OR ANY OTHER JURISDICTION SELECTED BY THE LENDER OR COLLATERAL AGENT IN RESPECT OF THIS
AGREEMENT. THE GRANTOR WAIVES PERSONAL SERVICE OF ANY SUMMONS, COMPLAINT OR OTHER PROCESS, WHICH MAY BE MADE BY ANY OTHER MEANS PERMITTED BY THE LAW OF ONTARIO. 

  
 27 

	8.10	Submission To Jurisdiction Waivers. 

 Each party hereto hereby irrevocably and unconditionally:

  

	 	(a)	submits for itself and its property in any legal action or proceeding relating to other Credit Documents to which it is a party, or for recognition and enforcement of any judgment in respect thereof, to the nonexclusive
general jurisdiction of the courts of the Province of Ontario or federal court of Canada sitting in such province; 

  

	 	(b)	submits for itself and its property in any legal action or proceeding relating to the Security Agreement to which it is a party, or for recognition and enforcement of any judgment in respect thereof, to the nonexclusive
general jurisdiction of the courts of the Province of Ontario; 

  

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

  

	 	(d)	agrees that service of process in any such action or proceeding may be effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to such Person at
its address referred to in Section 8.2 or at such other address of which such Person shall have been notified pursuant thereto; 

  

	 	(e)	agrees that nothing herein shall affect the right of any other party hereto (or any Secured Party) to effect service of process in any other manner permitted by law or shall limit the right of any party hereto (or any
Secured Party) to sue in any other jurisdiction; and 

  

	 	(f)	waives, to the maximum extent not prohibited by law, any right it may have to claim or recover in any legal action or proceeding referred to in this Section 8.11 any special, exemplary, punitive or consequential
damages. 

  

	8.11	Acknowledgments. Each party hereto hereby acknowledges that: 

  

	 	(a)	it has been advised by counsel in the negotiation, execution and delivery of this Security Agreement and the other Credit Documents to which it is a party; 

 

	 	(b)	neither the Collateral Agent nor any other Secured Party has any fiduciary relationship with or duty to any Grantor arising out of or in connection with this Security Agreement or any of the other Credit Documents, and
the relationship between the Grantors, on the one hand, and the Collateral Agent and the other Canadian Secured Parties, on the other hand, in connection herewith or therewith is solely that of debtor and creditor; and 

 

	 	(c)	no joint venture is created hereby or by the other Credit Documents or otherwise exists by virtue of the transactions contemplated hereby among the Canadian Lenders and any other Secured Party or among the Grantors and
the Canadian Lenders and any other Secured Party. 

  
 28 

	8.12	Additional Grantors. 

 Each Subsidiary of the Company that is required to become a party to this
Security Agreement pursuant to Section 8.8 of the ABL Credit Agreement shall become a Grantor, with the same force and effect as if originally named as a Grantor herein, for all purposes of this Security Agreement upon execution and delivery by
such Subsidiary of a written supplement substantially in the form of Annex B hereto. The execution and delivery of any instrument adding an additional Grantor as a party to this Security Agreement shall not require the consent of any other Grantor
hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor as a party to this Security Agreement. 

 

	8.13	Judgement Currency 

 If, for the purposes of obtaining judgment in any court, it is necessary to
convert a sum due hereunder in one currency into another currency, the rate of exchange used shall be that at which in accordance with normal banking procedures the Collateral Agent could purchase the first currency with such other currency on the
Business Day preceding that on which final judgment is given. The obligation of any Grantor in respect of any such sum due from it to the Collateral Agent shall, notwithstanding any judgment in a currency (the “Judgment Currency”) other
than that in which such sum is denominated in accordance with the applicable provisions of this Agreement (the “Agreement Currency”), be discharged only to the extent that on the Business Day following receipt by the Collateral Agent of
any sum adjudged to be so due in the Judgment Currency, the Collateral Agent may in accordance with normal banking procedures purchase the Agreement Currency with the Judgment Currency. If the amount of the Agreement Currency so purchased is less
than the sum originally due to the Collateral Agent from any Guarantor in the Agreement Currency, such Guarantor agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the Collateral Agent or the Person to whom such
obligation was owing against such loss. If the amount of the Agreement Currency so purchased is greater than the sum originally due to the Collateral Agent in such currency, the Collateral Agent agrees to return the amount of any excess to such
Guarantor (or to any other Person who may be entitled thereto under applicable law). 
  

	8.14	Intercreditor Agreement. 

 Notwithstanding anything herein to the contrary, the liens and
security interests granted to the Collateral Agent pursuant to this Agreement and the exercise of any right or remedy by the Collateral Agent hereunder, in each case, with respect to the Collateral are subject to the limitations and provisions of
the Intercreditor Agreement. In the event of any conflict between the terms of the Intercreditor Agreement and the terms of this Agreement with respect to the Collateral, the terms of the Intercreditor Agreement shall govern and control. 

[SIGNATURE PAGES FOLLOW] 

  
 29 

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

					
	UNIVAR CANADA LTD.
		
	Per:	 	

		 	  

		 	Name:	 	Peter Heinz
		 	Title:	 	Assistant Secretary
	
	BANK OF AMERICA, N.A., as Collateral Agent
		
	Per:	 	  

		 	Name:	 	
		 	Title:	 	

  
 Canadian ABL Pledge
and Security Agreement - Canadian Borrower 

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

					
	UNIVAR CANADA LTD.
		
	Per:	 	  

		 	Name:	 	
		 	Title:	 	
	
	BANK OF AMERICA, N.A., as Collateral Agent
		
	Per:	 	

		 	  

		 	Name:	 	Christopher Godfrey
		 	Title:	 	Senior Vice President

  
 Canadian ABL Pledge
and Security Agreement - Canadian Borrower 

 ANNEX A 

TO THE SECURITY AGREEMENT 
 SUPPLEMENT
NO. [    ] dated as of [            ], to the Canadian ABL Pledge and Security Agreement dated as of
[            ], 2007 (the “Security Agreement”) among Univar Canada Ltd. (the “Company”), each Subsidiary of the Company listed on the signature pages thereto (each such
Subsidiary individually a “Grantor” and, collectively, the “Grantors”; the Grantors and the Company are referred to collectively herein as the “Grantors”), and BANK OF AMERICA, N.A., as Collateral Agent under the
Security Agreement referred to below. 
  

	A.	Reference is made to the ABL Credit Agreement, dated as of October 11, 2007 (as the same may be amended, restated, supplemented or otherwise modified, refinanced or replaced from time to time, the “ABL Credit
Agreement”) among, inter alia, Univar Inc., the Company, as Canadian borrower, the lenders or other financial institutions from time to time parties thereto, Bank of America, N.A. (acting through its Canada branch), as Canadian
Administrative Agent, Canadian Swingline Lender and Canadian Letter of Credit Issuer and the other parties named thereto. 

  

	B.	Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Security Agreement. 

 

	C.	The Grantors have entered into the Security Agreement in order to induce the Canadian Lenders and the other Canadian Secured Parties to enter into the ABL Credit Agreement and to induce the respective Canadian Lenders
to make their respective Canadian Loans to the Canadian Borrower under the ABL Credit Agreement. Pursuant to Section 8.1(i) of the ABL Credit Agreement, the Canadian Borrower has agreed to deliver to the Collateral Agent a written supplement
substantially in the form hereof with respect to any additional material Copyrights, Patents, and Trademarks that are registered (or for which an application to register such items has been filed) with the Canadian Intellectual Property Office (or
any successor to such office) and any material Copyright Licenses, Patent Licenses, and Trademark Licenses and Pledged Collateral acquired by any Grantor after the date of the Security Agreement constituting Collateral. The Grantors have identified
the additional material Copyrights, Patents, and Trademarks that are registered (or for which an application to register such items has been filed) with the Canadian Intellectual Property Office (or any successor to such office) and any material
Copyright Licenses, Patent Licenses, and Trademark Licenses set forth on Schedules I, II, III, IV, V, VI and VII hereto. The undersigned Grantors are executing this Supplement in order to facilitate supplemental filings to be made by the
Collateral Agent with the Canadian Intellectual Property Office or under the PPSA, as applicable. 

 Accordingly, the Collateral Agent and the
Grantors agree as follows: 
  

	1.	 (a) Schedule 1 of the Security Agreement is hereby supplemented, as applicable, by the information (if any) set forth in the Schedule I hereto,
(b) Schedule 2 of the Security Agreement is hereby supplemented, as applicable, by the information (if any) set forth in the Schedule II hereto, (c) Schedule 3 of the Security Agreement is hereby supplemented, as applicable, by the
information (if any) set forth in the Schedule III hereto, (d) Schedule 4 of the Security Agreement is hereby supplemented, as applicable, by the information (if any) set forth in the Schedule IV hereto, (e) Schedule 5 of the
Security Agreement is 

	 	
hereby supplemented, as applicable, by the information (if any) set forth in the Schedule V hereto (f) Schedule 6 of the Security Agreement is hereby supplemented, as applicable, by
the information (if any) set forth in the Schedule VI hereto and (g) Schedule 7 of the Security Agreement is hereby supplemented as applicable, by the information (if any) set forth in the Schedule VII hereto. 

 

	2.	Each Grantor hereby grants to the Collateral Agent for the benefit of the Canadian Secured Parties a security interest in the Intellectual Property set forth in Schedules I, II, III, IV, V, VI and VII hereto.
Each Grantor hereby represents and warrants that the information set forth on Schedules I, II, III, IV, V, VI and VII hereto is true and correct in all material respects. 

 

	3.	This Supplement may be executed by one or more of the parties to this Supplement on any number of separate counterparts (including by facsimile or other electronic transmission), and all of said counterparts taken
together shall be deemed to constitute one and the same instrument. A set of the copies of this Supplement signed by all the parties shall be lodged with the Collateral Agent. This Supplement shall become effective as to each Grantor when the
Collateral Agent shall have received counterparts of this Supplement that, when taken together, bear the signatures of such Grantor and the Collateral Agent. 

  

	4.	Except as expressly supplemented hereby, the Security Agreement shall remain in full force and effect. 

  

	5.	THIS SUPPLEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE PROVINCE OF ONTARIO. 

 

	6.	Any provision of this Supplement that 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 in the Security Agreement, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. The parties hereto shall endeavour in
good faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

 

	7.	All notices, requests and demands pursuant hereto shall be made in accordance with Section 12.2 of the ABL Credit Agreement. All communications and notices hereunder to each Grantor shall be given to it in care of
the Company at the Company’s address set forth in Section 12.2 of the ABL Credit Agreement. 

  
 2 

 IN WITNESS WHEREOF, each Grantor and the Collateral Agent have duly executed this Supplement to the
Security Agreement as of the day and year first above written. 
  

			
	[EACH OF THE GRANTORS]
		
	Per:	 	  

		 	Name:
		 	Title:
	
	BANK OF AMERICA, N.A., as Collateral Agent
		
	Per:	 	  

		 	Name:
		 	Title:

 SCHEDULE I 

TO SUPPLEMENT NO.              TO THE 

SECURITY AGREEMENT 
 COPYRIGHT LICENSES

 SCHEDULE II 

TO SUPPLEMENT NO.              TO THE 

SECURITY AGREEMENT 
 COPYRIGHTS 

 

					
	 Registered

Owner/Grantor
	  	 Title
	  	 Registration

Number

		  		  	
		  		  	
		  		  	
		  		  	
		  		  	

 SCHEDULE III 

TO SUPPLEMENT NO.              TO THE 

SECURITY AGREEMENT 
 PATENT LICENSES 

 SCHEDULE IV 

TO SUPPLEMENT NO.              TO THE 

SECURITY AGREEMENT 
 PATENTS 

 SCHEDULE V 

TO SUPPLEMENT NO.              TO THE 

SECURITY AGREEMENT 
 TRADEMARK LICENSES

 SCHEDULE VI 

TO SUPPLEMENT NO.             TO THE 

SECURITY AGREEMENT 
 TRADEMARKS 

 

									
	 Domestic Trademarks
	  	 	  	 	  	 	  	 
	 Registered Owner/Grantor
	  	 Trademark
	  	 Registration No.
	  	 Application No.
	  	 
		  		  		  		  	
					
	 Foreign Trademarks
	  	 	  	 	  	 	  	 
	 Registered Owner/Grantor
	  	 Trademark
	  	 Registration No.
	  	 Application No.
	  	 County

		  		  		  		  	

 SCHEDULE VII 

TO SUPPLEMENT NO.              TO THE 

SECURITY AGREEMENT 
 PLEDGED DEBT 

PLEDGED SECURITIES 

 ANNEX B 

TO THE SECURITY AGREEMENT 
 SUPPLEMENT
NO. [    ] dated as of [            ], to the Canadian ABL Pledge and Security Agreement dated as of
[            ], 2007 (the “Security Agreement”) among Univar Canada Ltd. (the “Company”), each Subsidiary of the Company listed on the signature pages thereto (each such
Subsidiary individually a “Grantor” and, collectively, the “Grantors”; the Grantors and the Company are referred to collectively herein as the “Grantors”), and BANK OF AMERICA, N.A., as Collateral Agent under the
Security Agreement referred to below. 
  

	A.	Reference is made to the ABL Credit Agreement, dated as of October 11, 2007 (as the same may be amended, restated, supplemented or otherwise modified, refinanced or replaced from time to time, the “ABL Credit
Agreement”) among, inter alia, Univar Inc., the Company, as Canadian Borrower, the lenders or other financial institutions from time to time parties thereto, Bank of America, N.A. (acting through its Canada branch), as Canadian
Administrative Agent, Canadian Swingline Lender and Canadian Letter of Credit Issuer, and the other parties named thereto. 

  

	B.	Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Security Agreement. 

 

	C.	The Grantors have entered into the Security Agreement in order to induce the Canadian Lenders and the other Canadian Secured Parties to enter into the ABL Credit Agreement and to induce the respective Canadian Lenders
to make their respective Canadian Loans to the Canadian Borrowers under the ABL Credit Agreement. 

  

	D.	Section 8.8 of the ABL Credit Agreement and Section 8.13 of the Security Agreement provide that each Subsidiary of the Company that is required to become a party to the Security Agreement pursuant to
Section 8.8 of the ABL Credit Agreement shall become a Grantor, with the same force and effect as if originally named as a Grantor therein, for all purposes of the Security Agreement upon execution and delivery by such Subsidiary of an
instrument in the form of this Supplement. Each undersigned Subsidiary (each a “New Grantor”) is executing this Supplement in accordance with the requirements of the Security Agreement to become a Grantor under the Security Agreement in
order to induce the Canadian Lenders to make additional Canadian Loans and as consideration for Canadian Loans previously made. 

Accordingly, the Collateral Agent and the New Grantors agree as follows: 
  

	1.	In accordance with subsection 8.13 of the Security Agreement, each New Grantor by its signature below becomes a Grantor under the Security Agreement with the same force and effect as if originally named therein as a
Grantor and each New Grantor hereby (a) agrees to all the terms and provisions of the Security Agreement applicable to it as a Grantor thereunder and (b) represents and warrants that the representations and warranties made by it as a
Grantor thereunder are true and correct on and as of the date hereof (except to the extent such representations related to an earlier date). In furtherance of the foregoing, each New Grantor, as security for the payment and performance in full of
the Obligations, does hereby bargain, sell, convey, assign, set over, mortgage, pledge, hypothecate and transfer to the Collateral Agent for the benefit of the Canadian Secured 

	 	
Parties, and hereby grants to the Collateral Agent for the benefit of the Canadian Secured Parties, a Security Interest in all of the Collateral of such New Grantor, in each case whether now or
hereafter existing or in which it now has or hereafter acquires an interest. Each reference to a “Grantor” in the Security Agreement shall be deemed to include each New Grantor. The Security Agreement is hereby incorporated herein by
reference. 

  

	2.	Each New Grantor represents and warrants to the Collateral Agent and the other Canadian Secured Parties that this Supplement has been duly authorized, executed and delivered by it and constitutes its legal, valid and
binding obligation, enforceable against it in accordance with its terms. 

  

	3.	This Supplement may be executed by one or more of the parties to this Supplement on any number of separate counterparts (including by facsimile or other electronic transmission), and all of said counterparts taken
together shall be deemed to constitute one and the same instrument. A set of the copies of this Supplement signed by all the parties shall be lodged with the Collateral Agent and the Company. This Supplement shall become effective as to each New
Grantor when the Collateral Agent shall have received counterparts of this Supplement that, when taken together, bear the signatures of such New Grantor and the Collateral Agent. 

 

	4.	Each New Grantor hereby represents and warrants that (a) set forth on Schedule I hereto is (i) the legal name of such New Grantor, (ii) the jurisdiction of incorporation or organization of such New
Grantor, (iii) the mailing address for such New Grantor, (iv) the identity or type of organization or corporate structure of such New Grantor and (v) the Federal Taxpayer Identification Number and organizational number of such New
Grantor (if any) and (b) as of the date hereof (i) Schedule II hereto sets forth, in all material respects, all of each New Grantor’s Copyright Licenses, (ii) Schedule III hereto sets forth in all material respects,
in proper form for filing with the Canada Intellectual Property Office, all of each New Grantor’s Copyrights (and all applications therefor), (iii) Schedule IV hereto sets forth in all material respects all of each New Grantor’s
Patent Licenses, (iv) Schedule V hereto sets forth in all material respects, in proper form for filing with the Canada Intellectual Property Office, all of each New Grantor’s Patents (and all applications therefor),
(v) Schedule VI hereto sets forth in all material respects all of each New Grantor’s Trademark Licenses, (vi) Schedule VII hereto sets forth in all material respects, in proper form for filing with the Canada
Intellectual Property Office, all of each New Grantor’s Trademarks (and all applications therefor) and (vii) Schedule VIII hereto sets forth all of the New Grantor’s Pledged Collateral in each case with respect to this
Section 4(b) that are to constitute Collateral. 

  

	5.	Except as expressly supplemented hereby, the Security Agreement shall remain in full force and effect. 

  

	6.	THIS SUPPLEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE PROVINCE OF ONTARIO. 

 

	7.	 Any provision of this Supplement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent
of such prohibition or 

  
 2 

	 	
unenforceability without invalidating the remaining provisions hereof and in the Security Agreement, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or
render unenforceable such provision in any other jurisdiction. 

 All notices, requests and demands pursuant hereto shall be made in
accordance with Section 12.2 of the ABL Credit Agreement. All communications and notices hereunder to each New Grantor shall be given to it in care of the Company at the Company’s address set forth in Section 12.2 of the ABL Credit
Agreement. 

  
 3 

 IN WITNESS WHEREOF, each New Grantor and the Collateral Agent have duly executed this Supplement to the
Security Agreement as of the day and year first above written. 
  

			
	[NAME OF NEW GRANTOR]
		
	Per:	 	  

		 	Name:
		 	Title:
	
	BANK OF AMERICA, N.A., as Collateral Agent
		
	Per:	 	  

		 	Name:
		 	Title:

 SCHEDULE I 

TO SUPPLEMENT NO.              TO THE 

SECURITY AGREEMENT 
 COLLATERAL 

 

									
	 Legal Name
	  	 Jurisdiction of
Incorporation

or Organization
	  	 Mailing

Address
	  	 Type of

Organization or

Corporate

Structure
	  	 Federal

Taxpayer

Identification
 Number
and
 Organizational
Identification

Number

	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 

 SCHEDULE II 

TO SUPPLEMENT NO.              TO THE 

SECURITY AGREEMENT 
 COPYRIGHT LICENSES

 SCHEDULE III 

TO SUPPLEMENT NO.              TO THE 

SECURITY AGREEMENT 
 COPYRIGHTS 

 

					
	 Registered

Owner/Grantor
	  	 Title
	  	 Registration

Number

	 	  	 	  	 
	 	  	 	  	 
	 	  	 	  	 

 SCHEDULE IV 

TO SUPPLEMENT NO.              TO THE 

SECURITY AGREEMENT 
 PATENT LICENSES 

 SCHEDULE V 

TO SUPPLEMENT NO.              TO THE 

SECURITY AGREEMENT 
 PATENTS 

 SCHEDULE VI 

TO SUPPLEMENT NO.              TO THE 

SECURITY AGREEMENT 
 TRADEMARK LICENSES

 SCHEDULE VII 

TO SUPPLEMENT NO.              TO THE 

SECURITY AGREEMENT 
 TRADEMARKS 

 

									
	 Domestic Trademarks

	 Registered Owner/Grantor
	  	 Trademark
	  	 Registration No.
	  	 Application No.

		  		  		  	
	
	 Foreign Trademarks

	 Registered Owner/Grantor
	  	 Trademark
	  	 Registration No.
	  	 Application No.
	  	 County

		  		  		  		  	

 SCHEDULE VIII 

TO SUPPLEMENT NO.              TO THE 

SECURITY AGREEMENT 
 PLEDGED COLLATERAL

 EXHIBIT E-2 

TO THE ABL CREDIT 

AGREEMENT 
 FORM OF CANADIAN
SECURITY AGREEMENT 
 [TO BE PROVIDED BY CANADIAN COUNSEL] 
  

	�	Canadian see eg: schedules empty 

  

	‚	Items to give to Chris 

  

	ƒ	No Borrowers loose cer’tEX-10.14

 Exhibit 10.14 
  

 
  

INTERCREDITOR AGREEMENT 
 by and
between 
 BANK OF AMERICA, N.A., 

as ABL Agent, 
 and 

BANK OF AMERICA, N.A., 
 as Term
Agent 
 Dated as of October 11, 2007 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	ARTICLE 1 DEFINITIONS	  	 	2	  
			
	Section 1.1	 	 UCC Definitions
	  	 	2	  
	Section 1.2	 	 Other Definitions
	  	 	2	  
	Section 1.3	 	 Rules of Construction
	  	 	13	  
		
	ARTICLE 2 LIEN PRIORITY	  	 	13	  
			
	Section 2.1	 	 Priority of Liens
	  	 	13	  
	Section 2.2	 	 Waiver of Right to Contest Liens
	  	 	15	  
	Section 2.3	 	 Remedies Standstill
	  	 	16	  
	Section 2.4	 	 Exercise of Rights
	  	 	17	  
	Section 2.5	 	 No New Liens
	  	 	18	  
	Section 2.6	 	 Waiver of Marshalling
	  	 	19	  
		
	ARTICLE 3 ACTIONS OF THE PARTIES	  	 	19	  
			
	Section 3.1	 	 Certain Actions Permitted
	  	 	19	  
	Section 3.2	 	 Agent for Perfection
	  	 	20	  
	Section 3.3	 	 Sharing of Information and Access
	  	 	20	  
	Section 3.4	 	 Insurance
	  	 	21	  
	Section 3.5	 	 No Additional Rights for the Grantors Hereunder
	  	 	21	  
	Section 3.6	 	 Inspection and Access Rights
	  	 	21	  
	Section 3.7	 	 Exercise of Remedies — Set-Off and Tracing of and Priorities in Proceeds
	  	 	22	  
		
	ARTICLE 4 APPLICATION OF PROCEEDS	  	 	23	  
			
	Section 4.1	 	 Application of Proceeds
	  	 	23	  
	Section 4.2	 	 Specific Performance
	  	 	25	  
		
	ARTICLE 5 INTERCREDITOR ACKNOWLEDGEMENTS AND WAIVERS	  	 	25	  
			
	Section 5.1	 	 Notice of Acceptance and Other Waivers
	  	 	25	  
	Section 5.2	 	 Modifications to ABL Documents and Term Documents
	  	 	27	  
	Section 5.3	 	 Reinstatement and Continuation of Agreement
	  	 	29	  
		
	ARTICLE 6 INSOLVENCY PROCEEDINGS	  	 	30	  
			
	Section 6.1	 	 DIP Financing
	  	 	30	  
	Section 6.2	 	 Relief from Stay
	  	 	31	  
	Section 6.3	 	 No Contest; Adequate Protection
	  	 	31	  
	Section 6.4	 	 Asset Sales
	  	 	32	  
	Section 6.5	 	 Separate Grants of Security and Separate Classification
	  	 	32	  

  
 -i- 

							
	 	 	 	  	Page	 
	Section 6.6	 	 Enforceability
	  	 	33	  
	Section 6.7	 	 ABL Obligations Unconditional
	  	 	33	  
	Section 6.8	 	 Term Obligations Unconditional
	  	 	33	  
		
	ARTICLE 7 MISCELLANEOUS	  	 	34	  
			
	Section 7.1	 	 Rights of Subrogation
	  	 	34	  
	Section 7.2	 	 Further Assurances
	  	 	34	  
	Section 7.3	 	 Representations
	  	 	35	  
	Section 7.4	 	 Amendments
	  	 	35	  
	Section 7.5	 	 Addresses for Notices
	  	 	35	  
	Section 7.6	 	 No Waiver, Remedies
	  	 	35	  
	Section 7.7	 	 Continuing Agreement, Transfer of Secured Obligations
	  	 	35	  
	Section 7.8	 	 Governing Law: Entire Agreement
	  	 	36	  
	Section 7.9	 	 Counterparts
	  	 	36	  
	Section 7.10	 	 No Third Party Beneficiaries
	  	 	36	  
	Section 7.11	 	 Headings
	  	 	36	  
	Section 7.12	 	 Severability
	  	 	36	  
	Section 7.13	 	 Attorneys’ Fees
	  	 	36	  
	Section 7.14	 	 VENUE; JURY TRIAL WAIVER
	  	 	37	  
	Section 7.15	 	 Intercreditor Agreement
	  	 	37	  
	Section 7.16	 	 No Warranties or Liability
	  	 	38	  
	Section 7.17	 	 Conflicts
	  	 	38	  
	Section 7.18	 	 Information Concerning Financial Condition of the Grantors
	  	 	38	  

  
 -ii- 

 INTERCREDITOR AGREEMENT 

THIS INTERCREDITOR AGREEMENT (as amended, supplemented, restated or otherwise modified from time to time pursuant to the terms hereof, this
“Agreement”) is entered into as of October 11, 2007 between BANK OF AMERICA, N.A. (“Bank of America”) in its capacities as administrative agent for the U.S. Lenders and collateral agent (together
with its successors and assigns in such capacities, the “ABL Agent”) under the ABL Credit Agreement referred to below (such financial institutions, together with their successors, assigns and transferees, the “ABL
Lenders”) and BANK OF AMERICA, N.A. in its capacities as administrative agent and collateral agent (together with its successors and assigns in such capacities, the “Term Agent”) for the financial institutions
party from time to time to the Term Credit Agreement referred to below (such financial institutions, together with their successors, assigns and transferees, the “Term Lenders”). 

RECITALS 
 A. Pursuant to the ABL
Credit Agreement dated as of the date hereof (as amended, supplemented, restated or otherwise modified from time to time, the “ABL Credit Agreement”), by and among ULIXES ACQUISITION, B.V., a private limited liability company
formed under the laws of the Netherlands (the “Parent”), UNIVAR INC., a Delaware corporation (“U.S. Parent Borrower”), UNIVAR CANADA LTD., a company formed under the laws of the Province of British
Columbia (the “Canadian Borrower”), the U.S. Subsidiary Borrowers party thereto from time to time (together with U.S. Parent Borrower and the Canadian Borrower, the “ABL Borrowers” and each an
“ABL Borrower”), the ABL Lenders, Bank of America, as U.S. Administrative Agent, U.S. Swingline Lender and U.S. Letter of Credit Issuer, BANK OF AMERICA, N.A. (acting through its Canada branch), as Canadian Administrative
Agent, Canadian Swingline Lender and Canadian Letter of Credit Issuer, and other parties named therein, the ABL Lenders have agreed to make certain loans and other financial accommodations to or for the benefit of the ABL Borrowers. 

B. Pursuant to the ABL Canadian Guarantee and Pledge Agreement, any ABL Canadian Pledgor may pledge certain Stock and Stock Equivalent to
secure the payment and performance of the ABL Obligations. 
 C. As a condition to the effectiveness of the ABL Credit Agreement and to
secure the obligations of the ABL Borrowers and the ABL Canadian Pledgor under and in connection with the ABL Documents, the ABL Credit Parties have granted to the ABL Agent (for the benefit of the ABL Lenders) Liens on the Collateral. 

D. Pursuant to the Credit Agreement dated as of the date hereof (as amended, supplemented, restated or otherwise modified from time to time,
the “Term Credit Agreement”), by and among the Parent, the U.S. Parent Borrower, UNIVAR UK LTD., a limited liability company formed under the laws of England and Wales (the “U.K. Borrower” and together
with Parent and the U.S. Parent Borrower, in such capacities, the “Term Borrowers” and each a “Term Borrower”), the registered lending institutions from time to time parties hereto (each a
“Term Lender” and, collectively, the “Term Lenders”), Bank of America, as Administrative Agent and other parties named therein, the Term Lenders have agreed to make certain loans and other financial
accommodations to or for the benefit of the Term Borrowers. 

 E. Pursuant to the Term Guarantees, the Term Guarantors have agreed to guarantee the payment and
performance of the Term Obligations and pursuant to the Term Canadian Guarantee and Pledge Agreement, the Term Canadian Pledgor has pledged certain Stock and Stock Equivalents to secure the payment and performance of the Term Obligations. 

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

G. Each of the ABL Agent (on behalf of the ABL Lenders) and the Term Agent (on behalf of the Term Lenders) and, by their acknowledgment
hereof, the ABL Credit Parties and the Term Credit Parties, desire to agree to the relative priority of Liens on the Collateral and certain other rights, priorities and interests as provided herein. 

NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, receipt of which is hereby
acknowledged, the parties hereto agree as follows: 
 ARTICLE 1 

DEFINITIONS 

Section 1.1 UCC Definitions. The following terms which are defined in the UCC are used herein as so defined: Accounts,
Chattel Paper, Deposit Accounts, Documents, Electronic Chattel Paper, Equipment, Financial Assets, General Intangibles, Instruments, Inventory, Investment Property, Payment Intangibles, Promissory Notes, Records, Security, Securities Accounts,
Security Entitlements and Supporting Obligations. 
 Section 1.2 Other Definitions. Subject to Section 1.1, above,
unless the context otherwise requires, all capitalized terms used but not defined herein shall have the meanings set forth in the ABL Credit Agreement and the Term Credit Agreement, in each case as in effect on the Closing Date. In addition, as used
in this Agreement, the following terms shall have the meanings set forth below: 
 “ABL Agent” shall
have the meaning assigned to that term in the introduction to this Agreement and shall include any successor thereto as well as any Person designated as the “Agent” or “Administrative Agent” under any ABL Credit Agreement. 

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

“ABL Canadian Guarantee and Pledge Agreement” shall mean the Canadian Guarantee and Pledge Agreement
(as defined in the ABL Credit Agreement). 

  
 -2- 

 “ABL Canadian Pledgor” shall mean any Subsidiary of the
U.S. Parent Borrower that becomes a party to the ABL Canadian Guarantee and Pledge Agreement. 
 “ABL Cash
Management Affiliate” shall mean any ABL Lender or any Affiliate of any ABL Lender that has entered into a Secured Cash Management Agreement with the Parent or any of its Subsidiaries with the obligations of the Parent or such
Subsidiary thereunder being secured by one or more ABL Security Documents. 
 “ABL Controlled
Accounts” shall mean, collectively, with respect to each Grantor, (i) all Deposit Accounts and all Securities Accounts and all accounts and sub-accounts relating to any of the foregoing accounts and (ii) all cash, funds,
checks, notes, Securities Entitlements, Instruments and any of the items referred to in clauses (1) through (5) of the definition of ABL Priority Collateral on deposit in any of the accounts or sub-accounts described in clause (i) of
this definition, in each case, which are subject to a control agreement in favor of the ABL Agent. 
 “ABL Credit
Agreement” shall have the meaning provided in the Recitals together with any other agreement extending the maturity of, consolidating, restructuring, refunding, replacing or refinancing all or any portion of the ABL Obligations, whether
by the same or any other agent, lender or group of lenders and whether or not increasing the amount of any Indebtedness that may be incurred thereunder. 

“ABL Credit Parties” shall mean the ABL Borrowers, each ABL Canadian Pledgor and each other direct or
indirect subsidiary of Parent or any of its Affiliates that is now or hereafter party or is required to now or hereinafter be party, to an ABL Document. 

“ABL Documents” shall mean the credit, guarantee and security documents governing the ABL Obligations,
including, without limitation, the ABL Credit Agreement, the ABL Canadian Guarantee and Pledge Agreement, the ABL Security Documents, any Secured Cash Management Agreements between any ABL Credit Party and any Cash Management Affiliate, any Secured
Hedge Agreements between any ABL Credit Party and any ABL Hedging Affiliate and all other agreements, instruments, documents and certificates, now or hereafter executed by or on behalf of any ABL Credit Party or any of its respective Subsidiaries,
in connection with any of the foregoing or the ABL Credit Agreement, in each case as the same may be amended, modified or supplemented from time to time. 

“ABL Enforcement Date” shall mean the date which is 180 days after the occurrence of (i) an Event
of Default (under and as defined in the ABL Credit Agreement) and (ii) the Term Agent’s receipt of an Enforcement Notice from the ABL Agent, provided that the ABL Enforcement Date shall be stayed and shall not occur (or be deemed to
have occurred) (A) at any time the Term Agent or the Term Lenders have commenced and are diligently pursuing any Exercise of Secured Creditor Remedies against the Term Priority Collateral, (B) at any time that any Grantor is then a debtor
under or with respect to (or otherwise subject to) any Insolvency Proceeding, or (C) if the Event of Default under the ABL Credit Agreement is waived in accordance with the terms of the ABL Credit Agreement. 

  
 -3- 

 “ABL Hedging Affiliate” shall mean any ABL Lender or any
Affiliate of any ABL Lender that has entered into a Secured Hedge Agreement with the Parent or any of its Subsidiaries with the obligations of the Parent or such Subsidiary thereunder being secured by one or more ABL Security Documents by an ABL
Credit Party. 
 “ABL Lenders” shall have the meaning assigned to that term in the introduction to
this Agreement together with any ABL Hedging Affiliates, any ABL Cash Management Affiliates and all successors, assigns, transferees and replacements thereof. 

“ABL Obligations” shall mean all “Obligations” as defined in the ABL Credit Agreement. 

“ABL Priority Collateral” shall mean all Collateral consisting of the following: 

(1) all Accounts; 

(2) all Inventory; 

(3) to the extent (and only to the extent) relating to or governing any of the items referred to in the preceding clauses
(1) through (2), all Documents, General Intangibles (other than Intellectual Property, but including Payment Intangibles, software, trademark and other intellectual property) and Instruments; 

(4) to the extent (and only to the extent) evidencing or governing any of the items referred to in the preceding clauses
(1) through (3), all Supporting Obligations; 
 (5) all cash, cash equivalents, Instruments, Chattel Paper, insurance
proceeds, Investment Property and financial assets directly received as proceeds of any of the items referred to in the preceding clauses (1) through (4) (“ABL Priority Proceeds”); 

(6) all ABL Controlled Accounts; and 

(7) all books and Records relating to the foregoing (including without limitation all books, databases, customer lists and
Records, whether tangible or electronic, which contain any information relating to any of the foregoing). 
 “ABL
Priority Obligations” shall mean all ABL Obligations other than any obligations in respect of the principal amount of loans and letters of credit under the ABL Credit Agreement in excess of (x) $1,400,000,000 minus
(y) the principal amount of loans and reimbursement obligations in respect of letters of credit repaid following the commencement of any Enforcement Action under the ABL Documents; provided that no ABL Priority Obligations shall cease to
be ABL Priority Obligations solely as a result of currency fluctuations occurring after the date such obligations were incurred. 

  
 -4- 

 “ABL Recovery” shall have the meaning set forth in
Section 5.3(a). 
 “ABL Secured Parties” shall mean the “Secured Parties” as defined
in the ABL Credit Agreement. 
 “ABL Security Documents” shall mean all “Security
Documents” as defined in the ABL Credit Agreement, and all other security agreements, mortgages, deeds of trust and other collateral documents executed and delivered in connection with the ABL Credit Agreement, in each case as the same may be
amended, supplemented, restated or otherwise modified from time to time. 
 “ABL U.S. Subsidiary
Borrowers” shall mean, collectively, each Domestic Subsidiary of the U.S. Parent Borrower that is a borrower under the ABL Credit Agreement. 

“Affiliate” shall mean, with respect to a specified Person, any other Person that directly or
indirectly through one or more intermediaries Controls, is Controlled by or is under common Control with the Person specified. 

“Agent(s)” shall mean individually the ABL Agent or the Term Agent and collectively shall mean both the
ABL Agent and the Term Agent. 
 “Agreement” shall have the meaning assigned to that term in the
introduction to this Agreement. 
 “Bank of America” shall have the meaning assigned to that term in
the introduction to this Agreement. 
 “Bankruptcy Code” shall mean Title 11 of the United States
Code, 11 U.S.C. §§ 101 et seq., (or any successor statute) as amended from time to time. 
 “Blocked
Accounts” shall have the meaning assigned to that term in the ABL Credit Agreement. 

“Borrower” shall mean any of the ABL Borrowers and the Term Borrowers. 

“Cash Management Affiliate” shall mean any ABL Cash Management Affiliate or Term Cash Management
Affiliate. 
 “Cash Management Agreement” shall mean any agreement or arrangement to provide cash
management services, including treasury, depository, overdraft, credit or debit card (including non-card electronic payable services), purchase card, electronic funds transfer and other cash management arrangements. 

“Collateral” shall mean all Property now owned or hereafter acquired by any Grantor in or upon which a
Lien is granted or purported to be granted to the ABL Agent or the Term Agent under any of the ABL Security Documents or the Term Security Documents, together with all rents, issues, profits, products and Proceeds thereof. 

  
 -5- 

 “Control” shall mean the possession, directly or
indirectly, of the power (a) to vote 50% or more of the securities having ordinary voting power for the election of directors (or any similar governing body) of a Person, or (b) to direct or cause the direction of the management or
policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. The terms “Controlling” and “Controlled” have meanings correlative thereto. 

“Control Collateral” shall mean any Collateral consisting of any certificated Security, Investment
Property, Deposit Account (including all ABL Controlled Accounts), Instruments and any other Collateral as to which a Lien may be perfected through possession or control by the secured party, or any agent therefor. 

“Credit Documents” shall mean the ABL Documents and the Term Documents. 

“Debtor Relief Laws” shall mean the Bankruptcy Code and for Canadian purposes, the Bankruptcy and
Insolvency Act (Canada), the Companies’ Creditor Arrangement Act (Canada) and the Winding-up Act (Canada), each as now or hereafter in effect or any successor thereto, all other liquidation, conservatorship, bankruptcy,
assignment for benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws of the United States or Canada or other federal, provincial or state law or of any applicable foreign law from
time to time in effect affecting the rights of creditors generally. 
 “Deposit Accounts” shall have
the meaning provided in the UCC and includes all accounts and bank accounts with a deposit or credit function at any financial institution. 

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

“Discharge of ABL Obligations” shall mean (a) the payment in full in cash of all outstanding ABL
Priority Obligations (excluding the payment of any ABL Obligations which are in excess of the ABL Priority Obligations) excluding contingent indemnity obligations with respect to then unasserted claims but including, with respect to amounts
available to be drawn under outstanding letters of credit issued thereunder (or indemnities or other undertakings issued pursuant thereto in respect of outstanding letters of credit), the cancellation of such letters of credit or the delivery or
provision of money or backstop letters of credit in respect thereof in compliance with the terms of any ABL Credit Agreement (which shall not exceed an amount equal to 105% of the aggregate undrawn amount of such letters of credit) and (b) the
termination of all commitments to extend credit under the ABL Documents. 
 “Discharge of Term
Obligations” shall mean the payment in full in cash of all outstanding Term Priority Obligations (other than contingent indemnity obligations with respect to then unasserted claims) but excluding any Term Obligations which are in excess
of the Term Priority Obligations. 

  
 -6- 

 “Enforcement Notice” shall mean a written notice
delivered by either the ABL Agent or the Term Agent to the other announcing the commencement of an Exercise of Secured Creditor Remedies. 

“Enforcement Period” shall mean the period of time following the receipt by either the ABL Agent or the
Term Agent of an Enforcement Notice from the other and continuing until the earliest of (a) in case of an Enforcement Period commenced by the Term Agent, the Discharge of the Term Obligations, (b) in the case of an Enforcement Period
commenced by the ABL Agent, the Discharge of the ABL Obligations, or (c) the ABL Agent or the Term Agent (as applicable) terminate, or agree in writing to terminate, the Enforcement Period. 

“Event of Default” shall mean, unless otherwise specified herein, an Event of Default under any ABL
Credit Agreement or any Term Credit Agreement. 
 “Exercise Any Secured Creditor Remedies” or
“Exercise of Secured Creditor Remedies” shall mean, except as otherwise provided in the final sentence of this definition: 

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

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

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

(d) the appointment on the application of a Secured Party, of a receiver, receiver and manager or interim receiver of all or
part of the Collateral; 
 (e) the sale, lease, license, or other disposition of all or any portion of the Collateral by
private or public sale conducted by a Secured Party or any other means at the direction of a Secured Party permissible under applicable law; 

(f) the exercise of any other right of a secured creditor under Part 6 of Article 9 of the UCC, or under provisions of similar
effect under the PPSA or other applicable law, in respect of Collateral; 
 (g) the exercise of any voting rights relating to
any Stock or Stock Equivalents included in the Collateral; or 

  
 -7- 

 (h) the delivery of any claim or demand relating to the Collateral to any Person
(including any securities intermediary, depository bank or landlord) in possession or control of any Collateral. 
 For the avoidance of
doubt, none of the following shall be deemed to constitute an Exercise of Secured Creditor Remedies: (i) the filing of a proof of claim in any Insolvency Proceeding or seeking adequate protection, (ii) the exercise of rights by the ABL
Agent upon the occurrence of a Cash Dominion Event (as defined in the ABL Credit Agreement), including, without limitation, the notification of account debtors, depository institutions or any other Person to deliver proceeds of ABL Priority
Collateral to the ABL Agent (unless and until the Lenders under the ABL Credit Agreement cease to extend credit to the Borrowers thereunder, in which event an Exercise of Secured Creditor Remedies shall be deemed to have occurred), (iii) the
consent by a Secured Party to a sale or other disposition by any Grantor of any of its assets or properties, (iv) the acceleration of all or a portion of the ABL Obligations or the Term Obligations, (v) the reduction of the borrowing base,
advance rates or sub-limits by the Administrative Agent under the ABL Credit Agreement, the ABL Agent and the ABL Lenders, (vi) the imposition of reserves by the ABL Agent, or (vii) an account ceasing to be an “Eligible Account”
or Inventory ceasing to be “Eligible Inventory” under the ABL Credit Agreement. For the avoidance of doubt, the actions permitted by Sections 2.3(c), 2.4(a) and 3.1 shall not be deemed to be an Exercise of Secured Creditor Remedies. 

“Governmental Authority” shall mean any nation or government, any state, province, territory or other
political subdivision thereof and any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government. 

“Grantors” shall mean any Person that is both a Term Credit Party and an ABL Credit Party. 

“Hedge Agreement” shall mean any interest rate, foreign currency, commodity or equity swap, collar,
cap, floor or forward rate agreement, or other agreement or arrangement designed to protect against fluctuations in interest rates or currency, commodity or equity values (including any option with respect to any of the foregoing and any combination
of the foregoing agreements or arrangements) and any confirmation executed in connection with any such agreement or arrangement. 

“Hedge Affiliate” shall mean an ABL Hedging Affiliate or a Term Hedging Affiliate. 

“Indebtedness” shall have the meaning provided in the ABL Credit Agreement and the Term Credit
Agreement as in effect on the date hereof. 
 “Insolvency Proceeding” shall mean (a) any case,
action or proceeding before any court or other Governmental Authority relating to bankruptcy, reorganization, insolvency, liquidation, receivership, dissolution, winding-up or relief of debtors, or (b) any general assignment for the benefit of
creditors, composition, marshalling of assets for creditors or other similar arrangement in respect of its creditors generally or any substantial portion of its creditors; in each case covered by clauses (a) and (b) undertaken under any
Debtor Relief Laws. 

  
 -8- 

 “Intellectual Property” shall have the meaning provided
in the Term Security Documents. 
 “Lender(s)” shall mean individually, the ABL Lenders or the Term
Lenders and collectively shall mean all of the ABL Lenders and the Term Lenders. 
 “Lien” shall mean
any mortgage, pledge, security interest, hypothecation, assignment, lien (statutory or other) or similar encumbrance (including any agreement to give any of the foregoing, any conditional sale or other title retention agreement or any lease in the
nature thereof). 
 “Lien Priority” shall mean with respect to any Lien of the ABL Agent, the ABL
Secured Parties, the Term Agent or the Term Secured Parties in the Collateral, the order of priority of such Lien as specified in Section 2.1. 

“Obligations” shall mean the ABL Obligations and the Term Obligations. 

“Parent” shall have the meaning provided in the recitals to this Agreement. 

“Parties” shall mean the ABL Agent and the Term Agent. 

“Person” shall mean an individual, partnership, corporation, limited liability company, unlimited
liability company, business trust, joint stock company, trust, unincorporated association, joint venture, Governmental Authority or other entity of whatever nature. 

“PPSA” shall mean the Personal Property Security Act of Ontario (or any successor thereto) or
similar legislation of any other Canadian jurisdiction, including, without limitation, the Civil Code of Quebec, the laws of which are required by such legislation to be applied in connection with the issue, perfection, enforcement, opposability,
validity or effect of security interests. 
 “Proceeds” shall mean (a) all “proceeds,”
as defined in Article 9 of the UCC, with respect to the Collateral, and (b) whatever is recoverable or recovered when any Collateral is sold, exchanged, collected, or disposed of, whether voluntarily or involuntarily. 

“Property” shall mean any interest in any kind of property or asset, whether real, personal or mixed,
or tangible or intangible. 

  
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 “Refinance” shall mean, in respect of any indebtedness,
to refinance, extend, renew, defease, amend, increase, modify, supplement, restructure, refund, replace or repay, or to issue other indebtedness or enter alternative financing arrangements, in exchange or replacement for such indebtedness, including
by adding or replacing lenders, creditors, agents, borrowers and/or guarantors, and including in each case, but not limited to, after the original instrument giving rise to such indebtedness has been terminated. “Refinanced”
and “Refinancing” have correlative meanings. 
 “Secured Cash Management
Agreement” shall mean any Cash Management Agreement that is entered into by and between a Borrower or any of its Subsidiaries and any Cash Management Affiliate. 

“Secured Hedge Agreement” shall mean any Hedge Agreement that is entered into by and between a Borrower
or any of its Subsidiaries and any Hedge Bank. 
 “Secured Parties” shall mean the ABL Secured
Parties and the Term Secured Parties. 
 “Stock” shall mean shares of capital stock or shares in the
capital, as the case may be (whether denominated as common stock or preferred stock or ordinary shares or preferred shares, as the case may be), beneficial, partnership or membership interests, participations or other equivalents (regardless of how
designated) of or in a corporation, partnership, limited liability company, unlimited liability company or equivalent entity, whether voting or non-voting. 

“Stock Equivalents” shall mean all securities convertible into or exchangeable for Stock and all
warrants, options or other rights to purchase or subscribe for any Stock, whether or not presently convertible, exchangeable or exercisable. 

“Subsidiary” shall mean with respect to any Person (the “parent”) at any date,
any corporation, limited liability company, partnership, association or other entity (a) of which Stock representing more than 50% of the ordinary voting power or, in the case of a partnership, more than 50% of the general partnership interests
are, as of such date, owned, Controlled or held, or (b) that is, as of such date, otherwise Controlled, by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent. 

“Term Agent” shall have the meaning assigned to that term in the introduction to this Agreement and
shall include any successor thereto as well as any Person designated as the “Agent” or “Administrative Agent” under any Term Credit Agreement. 

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

 “Term Canadian Guarantee and Pledge Agreement” shall mean the “Canadian Guarantee and Pledge
Agreement” (as defined in the Term Credit Agreement). 
 “Term Cash Management Affiliate” shall
mean any Term Lender or any Affiliate of any Term Lender that has entered into a Secured Cash Management Agreement with a Term Credit Party with the obligations of such Term Credit Party thereunder being secured by one or more Term Security
Documents. 

  
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 “Term Credit Agreement” shall have the meaning provided
in the Recitals together with any other agreement extending the maturity of, consolidating, restructuring, refunding, replacing or refinancing all or any portion of the Term Obligations, whether by the same or any other agent, lender or group of
lenders and whether or not increasing the amount of any Indebtedness that may be incurred thereunder. 
 “Term
Credit Parties” shall mean the Term Borrowers, the Term Guarantors, the Term Canadian Pledgor and each other direct or indirect subsidiary of Parent or any of its Affiliates that is now or hereafter becomes a party, or is now or
hereinafter required to become a party, to any Term Document. 
 “Term Documents” shall mean the Term
Credit Agreement, the Term Guarantees, the Term Security Documents, any Secured Cash Management Agreements between any Term Credit Party and any Term Cash Management Affiliate, any Secured Hedge Agreements between any Term Credit Party and any Term
Hedging Affiliate and those other ancillary agreements as to which the Term Agent or any Term Lender is a party or a beneficiary and all other agreements, instruments, documents and certificates, now or hereafter executed by or on behalf of any Term
Credit Party or any of its respective Subsidiaries or Affiliates, and delivered to the Term Agent, in connection with any of the foregoing or any Term Credit Agreement, in each case as the same may be amended, supplemented, restated or otherwise
modified from time to time. 
 “Term Enforcement Date” shall mean the date which is 180 days after
the occurrence of both (i) a continuing Event of Default (under and as defined in the Term Credit Agreement) and (ii) the ABL Agent’s receipt of an Enforcement Notice from the Term Agent, provided that the Term Enforcement Date
shall be stayed and shall not occur (or be deemed to have occurred) (A) at any time the ABL Agent or the ABL Secured Parties have commenced and are diligently pursuing an Exercise of Secured Creditor Remedies against the ABL Priority
Collateral, (B) at any time that any ABL Credit Party is then a debtor under or with respect to (or otherwise subject to) any Insolvency Proceeding, or (C) if the Event of Default under the Term Credit Agreement is waived or cured in
accordance with the terms of the Term Credit Agreement. 
 “Term Guarantees” shall mean that certain
guarantee agreement dated as of the date hereof, by the Term Guarantors in favor of the Term Agent for the benefit of the Term Secured Parties. 

“Term Guarantors” shall mean the collective reference to each Subsidiary of the Parent that is a
Guarantor (as such term is defined in the Term Credit Agreement) and each other direct or indirect subsidiary of the Parent or any of its Affiliates that is now or hereafter becomes a party to any Term Guarantee. 

“Term Hedging Affiliate” shall mean any Term Lender or any Affiliate of any Term Lender that has
entered into a Secured Hedge Agreement with any Term Credit Party with the obligations of such Term Credit Party thereunder being secured by one or more Term Security Documents. 

  
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 “Term Lenders” shall have the meaning assigned to that
term in the introduction to this Agreement together with any Term Hedging Affiliates, any Term Cash Management Affiliates and all successors, assigns, transferees and replacements thereof, as well as any Person designated as a “Lender”
under any Term Credit Agreement. 
 “Term Obligations” shall mean all “Obligations” as
defined in the Term Credit Agreement. 
 “Term Priority Collateral” shall mean all Collateral other
than ABL Priority Collateral and all collateral security and guarantees with respect to any Term Priority Collateral and all cash, Instruments, Securities and Financial Assets directly received as Proceeds of any Term Priority Collateral. 

“Term Priority Obligations” shall mean all Term Obligations less any obligations to pay interest and
principal with respect to loans in excess of $1,425,000,000; provided that no amount shall cease to be Term Priority Obligations solely as a result of currency fluctuations following the date of any borrowing of such amount. 

“Term Recovery” shall have the meaning set forth in Section 5.3(b). 

“Term Secured Parties” shall mean the “Secured Parties” as defined in the Term Credit
Agreement. 
 “Term Security Documents” shall mean the Security Documents as defined in the Term
Credit Agreement, and any other agreement, document or instrument pursuant to which a Lien is granted or purported to be granted securing Term Obligations or under which rights or remedies with respect to such Liens are governed. 

“UCC” shall mean the Uniform Commercial Code as the same may, from time to time, be in effect in the
State of New York; provided that to the extent that the Uniform Commercial Code is used to define any term in any security document and such term is defined differently in differing Articles of the Uniform Commercial Code, the definition of
such term contained in Article 9 shall govern; provided further, that, to the extent that personal property security laws as enacted and in effect in any foreign jurisdiction (including without limitation, the PPSA) contain and are
used to define terms which are defined in the UCC and mentioned in Section 1.1 hereof, and such term is defined differently in such foreign personal property security laws, the definition of such term contained in the UCC shall govern to the
extent of any conflict or inconsistency; and provided further that in the event that, by reason of mandatory provisions of law, any or all of the attachment, perfection, publication or priority of, or remedies with respect to, Liens of
any Collateral Agent is governed by the Uniform Commercial Code or foreign personal property security laws as enacted and in effect in a jurisdiction other than the State of New York, the term “Uniform Commercial Code” will mean the
Uniform Commercial Code or such foreign personal property security laws as enacted and in effect in such other jurisdiction solely for purposes of the provisions thereof relating to such attachment, perfection, priority or remedies and for purposes
of definitions related to such provisions. 

  
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 “Use Period” shall mean the period commencing on the date
that the ABL Agent (or a Credit Party acting with the consent of the ABL Agent) commences the liquidation and sale of the ABL Priority Collateral in a manner as provided in Section 3.6 (having theretofore furnished the Term Agent with an
Enforcement Notice) and ending 90 days thereafter (but in no event later than 180 days following the date the Term Agent provides an Enforcement Notice to the ABL Agent). If any stay or other order that prohibits any of the ABL Agent, the other ABL
Secured Parties or any ABL Credit Party (with the consent of the ABL Agent) from commencing and continuing to Exercise Any Secured Creditor Remedies or to liquidate and sell the ABL Priority Collateral has been entered by a court of competent
jurisdiction, such 90-day period and 180-day period shall be tolled during the pendency of any such stay or other order and the Use Period shall be so extended. 

Section 1.3 Rules of Construction. Unless the context of this Agreement clearly requires otherwise, references to the
plural include the singular, references to the singular include the plural, the term “including” is not limiting and shall be deemed to be followed by the phrase “without limitation,” and the term “or” has, except where
otherwise indicated, the inclusive meaning represented by the phrase “and/or.” The words “hereof,” “herein,” “hereby,” “hereunder,” and similar terms in this Agreement refer to this Agreement as a
whole and not to any particular provision of this Agreement. Article, section, subsection, clause, schedule and exhibit references herein are to this Agreement unless otherwise specified. Any reference in this Agreement to any agreement, instrument,
or document shall include all alterations, amendments, changes, restatements, extensions, modifications, renewals, replacements, substitutions, joinders, and supplements thereto and thereof, as applicable (subject to any restrictions on such
alterations, amendments, changes, restatements, extensions, modifications, renewals, replacements, substitutions, joinders, and supplements set forth herein). Any reference herein to any Person shall be construed to include such Person’s
successors and assigns. Any reference herein to the repayment in full of an obligation shall mean the payment in full in cash of such obligation, or in such other manner as may be approved in writing by the requisite holders or representatives in
respect of such obligation, or in such other manner as may be approved by the requisite holders or representatives in respect of such obligation. Any reference herein to a maximum dollar amount shall be based on the exchange rate in effect on the
date of incurrence of any obligations and shall not be deemed to be exceeded solely as a result of currency fluctuations. 
 ARTICLE 2

 LIEN PRIORITY 

Section 2.1 Priority of Liens. 

(a) Subject to the provisos in subclauses (b) and (c) of Section 4.1, notwithstanding (i) the date, time, method, manner,
or order of grant, attachment, or perfection of any Liens granted to the ABL Agent or the ABL Lenders in respect of all or any portion of the Collateral 

  
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 or of any Liens granted to the Term Agent or the Term Lenders in respect of all or any portion of the Collateral
and regardless of how any such Lien was acquired (whether by grant, statute, operation of law, subrogation or otherwise), (ii) the order or time of filing or recordation of any document or instrument for perfecting the Liens in favor of the ABL
Agent or the Term Agent (or ABL Lenders or Term Lenders) in any Collateral, (iii) any provision of the UCC, the Bankruptcy Code, the PPSA, Debtor Relief Laws or any other applicable law, or of the ABL Documents or the Term Documents, or
(iv) whether the ABL Agent or the Term Agent, in each case, either directly or through agents, holds possession of, or has control over, all or any part of the Collateral, the ABL Agent, on behalf of itself and the ABL Lenders, and the Term
Agent, on behalf of itself and the Term Lenders, hereby agree that: 
 (1) any Lien in respect of all or any portion of the
ABL Priority Collateral now or hereafter held by or on behalf of the Term Agent or any Term Lender that secures all or any portion of the Term Obligations shall in all respects be junior and subordinate to all Liens granted to the ABL Agent and the
ABL Lenders in the ABL Priority Collateral (A) to secure all or any portion of the ABL Priority Obligations, and (B) to secure all or any portion of the ABL Obligations which do not constitute ABL Priority Obligations after payment of the
Term Priority Obligations; 
 (2) any Lien in respect of all or any portion of the ABL Priority Collateral now or hereafter
held by or on behalf of the ABL Agent or any ABL Lender (A) that secures all or any portion of the ABL Priority Obligations shall in all respects be senior and prior to all Liens granted to the Term Agent or any Term Lender in the ABL Priority
Collateral to secure all or any portion of the Term Obligations, or (B) that secures all or any portion of the ABL Obligations which do not constitute ABL Priority Obligations shall in all respects be senior and prior to all Liens granted to
the Term Agent or any Term Lender in the ABL Priority Collateral to secure all or any portion of the Term Obligations which do not constitute Term Priority Obligations; 

(3) any Lien in respect of all or any portion of the Term Priority Collateral now or hereafter held by or on behalf of the ABL
Agent or any ABL Lender that secures all or any portion of the ABL Obligations shall in all respects be junior and subordinate to all Liens granted to the Term Agent and the Term Lenders in the Term Priority Collateral (A) to secure all or any
portion of the Term Priority Obligations and (B) to secure all or any portion of the Term Obligations which do not constitute Term Priority Obligations after payment of the ABL Priority Obligations; and 

(4) any Lien in respect of all or any portion of the Term Priority Collateral now or hereafter held by or on behalf of the Term
Agent or any Term Lender (A) that secures all or any portion of the Term Priority Obligations shall in all respects be senior and prior to all Liens granted to the ABL Agent or any ABL Lender in the Term Priority Collateral to secure all or any
portion of the ABL Obligations or (B) that secures all or any portion of the Term Obligations which do not constitute Term Priority Obligations shall in all respects be senior and prior to all Liens granted to the ABL Agent or any ABL Lender in
the Term Priority Collateral to secure all or any portion of the ABL Obligations which do not constitute ABL Priority Obligations. 

  
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 (b) The Term Agent, for and on behalf of itself and the Term Lenders, acknowledges and agrees
that, concurrently herewith, the ABL Agent, for the benefit of itself and the ABL Lenders, has been granted Liens upon all of the Collateral in which the Term Agent has been granted Liens and the Term Agent hereby consents thereto. The ABL Agent,
for and on behalf of itself and the ABL Lenders, acknowledges and agrees that, concurrently herewith, the Term Agent, for the benefit of itself and the Term Lenders, has been granted Liens upon all of the Collateral in which the ABL Agent has been
granted Liens and the ABL Agent hereby consents thereto. The subordination of Liens by the Term Agent and the ABL Agent in favor of one another as set forth herein shall not be deemed to subordinate the Term Agent’s Liens or the ABL
Agent’s Liens to the Liens of any other Person. 
 Section 2.2 Waiver of Right to Contest Liens. 

(a) The Term Agent, for and on behalf of itself and the Term Lenders, agrees that it and they shall not (and hereby waives any right to) take
any action to contest or challenge (or assist or support any other Person in contesting or challenging), directly or indirectly, whether or not in any proceeding (including in any Insolvency Proceeding), the validity, priority, enforceability, or
perfection of the Liens of the ABL Agent and the ABL Lenders in respect of the Collateral or the provisions of this Agreement. Except to the extent expressly set forth in this Agreement, the Term Agent, for itself and on behalf of the Term Lenders,
agrees that none of the Term Agent or the Term Lenders will take any action that would interfere with any Exercise of Secured Creditor Remedies undertaken by the ABL Agent or any ABL Lender under the ABL Documents with respect to the ABL Priority
Collateral. Except to the extent expressly set forth in this Agreement, the Term Agent, for itself and on behalf of the Term Lenders, hereby waives any and all rights it or the Term Lenders may have as a junior lien creditor or otherwise to contest,
protest, object to, or interfere with the manner in which the ABL Agent or any ABL Lender seeks to enforce its Liens in any ABL Priority Collateral. The foregoing shall not be construed to prohibit the Term Agent from enforcing the provisions of
this Agreement as to the relative priority of the parties hereto. 
 (b) The ABL Agent, for and on behalf of itself and the ABL Lenders,
agrees that it and they shall not (and hereby waives any right to) take any action to contest or challenge (or assist or support any other Person in contesting or challenging), directly or indirectly, whether or not in any proceeding (including in
any Insolvency Proceeding), the validity, priority, enforceability, or perfection of the Liens of the Term Agent or the Term Lenders in respect of the Collateral or the provisions of this Agreement. Except to the extent expressly set forth in this
Agreement, the ABL Agent, for itself and on behalf of the ABL Lenders, agrees that none of the ABL Agent or the ABL Lenders will take any action that would interfere with any Exercise of Secured Creditor Remedies undertaken by the Term Agent or any
Term Lender under the Term Documents with respect to the Term Priority Collateral. Except to the extent expressly set forth in this Agreement, the ABL Agent, for itself and on behalf of the ABL Lenders, hereby waives any and all rights it or the ABL
Lenders may have as a junior lien creditor or otherwise to contest, protest, object to, or interfere with the manner in which the Term Agent or any Term Lender seeks to enforce its Liens in any Term Priority Collateral. The foregoing shall not be
construed to prohibit the ABL Agent from enforcing the provisions of this Agreement as to the relative priority of the parties hereto. 

  
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 Section 2.3 Remedies Standstill. 

(a) The Term Agent, on behalf of itself and the Term Lenders, agrees that, from the date hereof until the earlier of (i) the Term
Enforcement Date, or (ii) the date upon which the Discharge of ABL Obligations shall have occurred, neither the Term Agent nor any Term Lender will Exercise Any Secured Creditor Remedies with respect to any of the ABL Priority Collateral
without the written consent of the ABL Agent, and will not take, receive or accept any Proceeds of ABL Priority Collateral. From and after the date upon which the Discharge of ABL Obligations shall have occurred (or prior thereto upon the occurrence
of the Term Enforcement Date), the Term Agent or any Term Lender may Exercise Any Secured Creditor Remedies under the Term Documents or applicable law as to any ABL Priority Collateral; provided, however, that any Exercise of Secured
Creditor Remedies with respect to any Collateral by the Term Agent is at all times subject to the provisions of this Agreement, including Section 4.1 hereof. 

(b) The ABL Agent, on behalf of itself and the ABL Lenders, agrees that, from the date hereof until the earlier of (i) the ABL Enforcement
Date, or (ii) the date upon which the Discharge of Term Obligations shall have occurred, neither the ABL Agent nor any ABL Lender will Exercise Any Secured Creditor Remedies with respect to the Term Priority Collateral without the written
consent of the Term Agent, and will not take, receive or accept any Proceeds of the Term Priority Collateral, it being understood and agreed that the temporary deposit of Proceeds of Term Priority Collateral in a Deposit Account controlled by the
ABL Agent shall not constitute a breach of this Agreement so long as such Proceeds are promptly remitted to the Term Agent. From and after the date upon which the Discharge of Term Obligations shall have occurred (or prior thereto upon the
occurrence of the ABL Enforcement Date), the ABL Agent or any ABL Lender may Exercise Any Secured Creditor Remedies under the ABL Documents or applicable law as to any Term Priority Collateral; provided, however, that any Exercise of
Secured Creditor Remedies with respect to any Collateral by the ABL Agent is at all times subject to the provisions of this Agreement, including Section 4.1 hereof. 

(c) Notwithstanding the provisions of Sections 2.3(a), 2.3(b) or any other provision of this Agreement, nothing contained herein shall be
construed to prevent any Agent or any Lender from (i) filing a claim or statement of interest with respect to the ABL Obligations or Term Obligations owed to it in any Insolvency Proceeding commenced by or against any Grantor, (ii) taking
any action (not adverse to the priority status of the Liens of the other Agent or other Lenders on the Collateral in which such other Agent or other Lender has a priority Lien or the rights of the other Agent or any of the other Lenders to exercise
remedies in respect thereof) in order to create, perfect, preserve or protect (but not enforce) its Lien on any Collateral, (iii) filing any necessary or responsive pleadings in opposition to any motion, adversary proceeding or other pleading
filed by any Person objecting to or otherwise seeking disallowance of the claim or Lien of such Agent or Lender, (iv) filing any pleadings, objections, motions, or agreements which assert rights available to unsecured creditors of the Grantors
arising under any Insolvency Proceeding or applicable non-bankruptcy law, (vi) voting on any plan of reorganization or filing any proof of claim in any Insolvency Proceeding of any Grantor or (vii) objecting to the proposed retention of
Collateral by the other Agent or any other Lender in full or partial satisfaction of any ABL Obligations or Term Obligations due to such other Agent or Lender, in each case (i) through (vii) above to the extent not inconsistent with, or
could not result in a resolution inconsistent with, the terms of this Agreement. 

  
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 Section 2.4 Exercise of Rights. 

(a) No Other Restrictions. Except as expressly set forth in this Agreement, each of the Term Agent, each Term Lender, the ABL Agent and
each ABL Lender shall have any and all rights and remedies it may have as a creditor under applicable law, including the right to the Exercise of Secured Creditor Remedies; provided, however, that the Exercise of Secured Creditor
Remedies with respect to the Collateral shall be subject to the Lien Priority and to the provisions of this Agreement, including Sections 2.3 and 4.1 hereof. The ABL Agent may enforce the provisions of the ABL Documents, the Term Agent may enforce
the provisions of the Term Documents and each may Exercise Any Secured Creditor Remedies, all in such order and in such manner as each may determine in the exercise of its sole discretion, consistent with the terms of this Agreement and mandatory
provisions of applicable law; provided, however, that each of the ABL Agent and the Term Agent agrees to provide to the other (x) an Enforcement Notice prior to the commencement of an Exercise Any Secured Creditor Remedies and
(y) copies of any notices that it is required under applicable law to deliver to any Grantor; provided further, however, that the ABL Agent’s failure to provide any such copies to the Term Agent (but not the
Enforcement Notice) shall not impair any of the ABL Agent’s rights hereunder or under any of the ABL Documents and the Term Agent’s failure to provide any such copies to the ABL Agent (but not the Enforcement Notice) shall not impair any
of the Term Agent’s rights hereunder or under any of the Term Documents. Each of the Term Agent, each Term Lender, the ABL Agent and each ABL Lender agrees (i) that it will not institute any suit or other proceeding or assert in any suit,
Insolvency Proceeding or other proceeding any claim, in the case of the Term Agent and each Term Lender, against either the ABL Agent or any other ABL Secured Party, and in the case of the ABL Agent and each other ABL Secured Party, against either
the Term Agent or any other Term Secured Party, seeking damages from or other relief by way of specific performance, instructions or otherwise, with respect to, any action taken or omitted to be taken by such Person with respect to the Collateral
which is consistent with the terms of this Agreement, and none of such Parties shall be liable for any such action taken or omitted to be taken, or (ii) it will not be a petitioning creditor or otherwise assist in the filing of an involuntary
Insolvency Proceeding. 
 (b) Release of Liens. 

(i) In the event of (A) any private or public sale of all or any portion of the ABL Priority Collateral in connection with any Exercise of
Secured Creditor Remedies by the ABL Agent or with the consent of the ABL Agent (other than in connection with a Refinancing as described in Section 5.2(d)), or (B) any sale, transfer or other disposition of all or any portion of the ABL
Priority Collateral (other than in connection with a Refinancing as described in Section 5.2(d)), so long as such sale, transfer or other disposition is (1) then permitted by the ABL Documents or consented to by the requisite ABL Lenders,
and (2) then permitted by the Term Documents or consented to by the requisite Term Lenders, irrespective of whether an Event of Default has occurred, the Term Agent agrees, on behalf of itself and the Term Lenders that such sale will be free
and clear of the Liens on such ABL Priority Collateral securing the Term Obligations, and the Term Agent’s and the Term Secured Parties’ Liens with respect to the ABL Priority 

  
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Collateral so sold, transferred, disposed or released shall terminate and be automatically released without further action concurrently with, and to the same extent as, the release of the ABL
Secured Parties’ Liens on such ABL Priority Collateral. In furtherance of, and subject to, the foregoing, the Term Agent agrees that it will promptly execute any and all Lien releases or other documents reasonably requested by the ABL Agent in
connection therewith. The Term Agent hereby appoints the ABL Agent and any officer or duly authorized person of the ABL Agent, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power of attorney in the
place and stead of the Term Agent and in the name of the Term Agent or in the ABL Agent’s own name, from time to time, in the ABL Agent’s sole discretion, for the purposes of carrying out the terms of this paragraph, to take any and all
appropriate action and to execute and deliver any and all documents and instruments as may be necessary or desirable to accomplish the purposes of this paragraph, including any financing statements, endorsements, assignments, releases or other
documents or instruments of transfer (which appointment, being coupled with an interest, is irrevocable). 
 (ii) In the event of
(A) any private or public sale of all or any portion of the Term Priority Collateral in connection with any Exercise of Secured Creditor Remedies by or with the consent of the Term Agent (other than in connection with a refinancing as described
in Section 5.2(c)), or (B) any sale, transfer or other disposition of all or any portion of the Term Priority Collateral, so long as such sale, transfer or other disposition is (1) then permitted by the Term Documents or consented to
by the requisite Term Lenders, and (2) then permitted by the ABL Documents or consented to by the requisite ABL Lenders, irrespective of whether an Event of Default has occurred, the ABL Agent agrees, on behalf of itself and the ABL Lenders,
that such sale will be free and clear of the Liens on such Term Priority Collateral securing the ABL Obligations and the ABL Agent’s and the ABL Secured Parties’ Liens with respect to the ABL Priority Collateral so sold, transferred,
disposed or released shall terminate and be automatically released without further action concurrently with, and to the same extent as, the release of the Term Secured Parties’ Liens on such Term Priority Collateral. In furtherance of, and
subject to, the foregoing, the ABL Agent agrees that it will promptly execute any and all Lien releases or other documents reasonably requested by the Term Agent in connection therewith. The ABL Agent hereby appoints the Term Agent and any officer
or duly authorized person of the Term Agent, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power of attorney in the place and stead of the ABL Agent and in the name of the ABL Agent or in the Term
Agent’s own name, from time to time, in the Term Agent’s sole discretion, for the purposes of carrying out the terms of this paragraph, to take any and all appropriate action and to execute and deliver any and all documents and instruments
as may be necessary or desirable to accomplish the purposes of this paragraph, including any financing statements, endorsements, assignments, releases or other documents or instruments of transfer (which appointment, being coupled with an interest,
is irrevocable). 
 Section 2.5 No New Liens. 

(a) Until the date upon which the Discharge of ABL Obligations shall have occurred, the parties hereto agree that no Term Secured Party shall
acquire or hold any Lien on any assets of any Grantor securing any Term Obligation which assets are not also subject to the Lien of the ABL Agent under the ABL Documents. If any Term Secured Party shall (nonetheless and

  
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in breach hereof) acquire or hold any Lien on any assets of any Grantor securing any Term Obligation which assets are not also subject to the Lien of the ABL Agent under the ABL Documents,
subject to the Lien Priority set forth herein, then the Term Agent (or the relevant Term Secured Party) shall, without the need for any further consent of any other Term Secured Party or any Grantor and notwithstanding anything to the contrary in
any other Term Document, be deemed to also hold and have held such Lien as agent or bailee for the benefit of the ABL Agent as security for the ABL Obligations (subject to the Lien Priority and other terms hereof) and shall promptly notify the ABL
Agent in writing of the existence of such Lien. 
 (b) Until the date upon which the Discharge of Term Obligations shall have occurred, the
parties hereto agree that no ABL Secured Party shall acquire or hold any Lien on any assets of any Grantor securing any ABL Obligation which assets are not also subject to the Lien of the Term Agent under the Term Documents. If any ABL Secured Party
shall (nonetheless and in breach hereof) acquire or hold any Lien on any assets of any Grantor securing any ABL Obligation which assets are not also subject to the Lien of the Term Agent under the Term Documents, subject to the Lien Priority set
forth herein, then the ABL Agent (or the relevant ABL Secured Party) shall, without the need for any further consent of any other ABL Secured Party or any Grantor and notwithstanding anything to the contrary in any other ABL Document, be deemed to
also hold and have held such Lien as agent or bailee for the benefit of the Term Agent as security for the Term Obligations (subject to the Lien Priority and other terms hereof) and shall promptly notify the Term Agent in writing of the existence of
such Lien. 
 Section 2.6 Waiver of Marshalling. 

(a) Until the Discharge of ABL Obligations, the Term Agent, on behalf of itself and the Term Secured Parties, agrees not to assert and hereby
waives, to the fullest extent permitted by law, any right to demand, request, plead or otherwise assert or otherwise claim the benefit of, any marshalling, appraisal, valuation or other similar right that may otherwise be available under applicable
law with respect to the ABL Priority Collateral or any other similar rights a junior secured creditor may have under applicable law. 
 (b)
Until the Discharge of Term Obligations, the ABL Agent, on behalf of itself and the ABL Secured Parties, agrees not to assert and hereby waives, to the fullest extent permitted by law, any right to demand, request, plead or otherwise assert or
otherwise claim the benefit of, any marshalling, appraisal, valuation or other similar right that may otherwise be available under applicable law with respect to the Term Priority Collateral or any other similar rights a junior secured creditor may
have under applicable law. 
 ARTICLE 3 

ACTIONS OF THE PARTIES 

Section 3.1 Certain Actions Permitted. The Term Agent and the ABL Agent may make such demands or file such claims in
respect of the Term Obligations or the ABL Obligations, as applicable, as are necessary to prevent the waiver or bar of such claims under applicable statutes of limitations or other statutes, court orders, or rules of procedure at any time. Except
as provided in Section 5.2, nothing in this Agreement shall prohibit the receipt by the Term Agent or any Term Lender of the required payments of interest, principal and other 

  
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amounts owed in respect of the Term Obligations so long as such receipt is not the direct or indirect result of the Exercise of Secured Creditor Remedies by the Term Agent or any Term Lender
(including set-off with respect to ABL Priority Collateral) or enforcement in contravention of this Agreement of any Lien held by any of them. Except as provided in Section 5.2, nothing in this Agreement shall prohibit the receipt by the ABL
Agent or any ABL Lender of the required payments of interest, principal and other amounts owed in respect of the ABL Obligations so long as such receipt is not the direct or indirect result of the Exercise of Secured Creditor Remedies by the ABL
Agent or any ABL Lender (including set-off with respect to Term Priority Collateral) or enforcement in contravention of this Agreement of any Lien held by any of them. 

Section 3.2 Agent for Perfection. The ABL Agent, for and on behalf of itself and each ABL Lender, and the Term Agent, for
and on behalf of itself and each Term Lender, as applicable, each agree to hold all Collateral (including, without limitation, ABL Controlled Accounts) in their respective possession, custody, or control (or in the possession, custody, or control of
agents or bailees for either) as agent for the other solely for the purpose of perfecting the security interest granted to each in such Collateral, subject to the terms and conditions of this Section 3.2. None of the ABL Agent, the ABL Lenders,
the Term Agent, or the Term Lenders, as applicable, shall have any obligation whatsoever to the others to assure that the Collateral is genuine or owned by any Grantor or any other Person or to preserve rights or benefits of any Person. The duties
or responsibilities of the ABL Agent and the Term Agent under this Section 3.2 are and shall be limited solely to holding or maintaining control of the Collateral as agent for the other Party for purposes of perfecting the Lien held by the Term
Agent or the ABL Agent, as applicable. The ABL Agent is not and shall not be deemed to be a fiduciary of any kind for the Term Agent, the Term Lenders, or any other Person. The Term Agent is not and shall not be deemed to be a fiduciary of any kind
for the ABL Agent, the ABL Lenders, or any other Person. In the event that (a) the Term Agent or any Term Lender receives any Collateral or Proceeds of the Collateral in violation of the terms of this Agreement, or (b) the ABL Agent or any
ABL Lender receives any Collateral or Proceeds of the Collateral in violation of the terms of this Agreement, then the Term Agent, such Term Lender, the ABL Agent, or such ABL Lender, as applicable, shall promptly pay over such Proceeds or
Collateral to (i) in the case of clause (a), the ABL Agent, or (ii) in the case of clause (b), the Term Agent, in each case, in the same form as received with any necessary endorsements, for application in accordance with the provisions of
Section 4.1 of this Agreement. 
 Section 3.3 Sharing of Information and Access. In the event that the ABL Agent
shall, in the exercise of its rights under the ABL Documents or otherwise, receive possession or control of any books and Records of any Term Credit Party which contain information identifying or pertaining to the Term Priority Collateral, the ABL
Agent shall, upon request from the Term Agent and as promptly as practicable thereafter, either make available to the Term Agent such books and Records for inspection and duplication or provide to the Term Agent copies thereof. In the event that the
Term Agent shall, in the exercise of its rights under the Term Collateral Documents or otherwise, receive possession or control of any books and Records of any ABL Credit Party which contain information identifying or pertaining to any of the ABL
Priority Collateral, the Term Agent shall, upon request from the ABL Agent and as promptly as practicable thereafter, either make available to the ABL Agent such books and Records for inspection and duplication or provide the ABL Agent copies
thereof. 

  
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 Section 3.4 Insurance. Proceeds of Collateral include insurance proceeds and,
therefore, the Lien Priority shall govern the ultimate disposition of casualty insurance proceeds. The ABL Agent and the Term Agent shall each be named as additional insured or loss payee, as applicable, with respect to all insurance policies
relating to the Collateral. The ABL Agent shall have the sole and exclusive right, as against the Term Agent, to adjust settlement of insurance claims in the event of any covered loss, theft or destruction of ABL Priority Collateral. The Term Agent
shall have the sole and exclusive right, as against the ABL Agent, to adjust settlement of insurance claims in the event of any covered loss, theft or destruction of Term Priority Collateral. If any insurance claim includes both ABL Priority
Collateral and Term Priority Collateral and the insurer will not settle such claim separately with respect to ABL Priority Collateral and Term Priority Collateral, if the Agents are unable after negotiating in good faith to agree on the settlement
for such claim, either Agent may apply to a court of competent jurisdiction to make a determination as to the control of the settlement of such claim, and the court’s determination shall be binding upon the Agents. All proceeds of such
insurance shall be remitted to the ABL Agent or the Term Agent, as the case may be, and each of the Term Agent and ABL Agent shall cooperate (if necessary) in a reasonable manner in effecting the payment of insurance proceeds in accordance with
Section 4.1 hereof. 
 Section 3.5 No Additional Rights for the Grantors Hereunder. Except as provided in
Section 3.6, if any ABL Secured Party or Term Secured Party shall enforce its rights or remedies in violation of the terms of this Agreement, the Grantors shall not be entitled to use such violation as a defense to any action by any ABL Secured
Party or Term Secured Party, nor to assert such violation as a counterclaim or basis for set off or recoupment against any ABL Secured Party or Term Secured Party. 

Section 3.6 Inspection and Access Rights. 

(a) Without limiting any rights the ABL Agent or any other ABL Secured Party may otherwise have under applicable law or by agreement, in the
event of any liquidation of the ABL Priority Collateral (or any other Exercise of Secured Creditor Remedies by the ABL Agent) and whether or not the Term Agent or any other Term Secured Party has commenced and is continuing to Exercise Any Secured
Creditor Remedies of the Term Agent, the ABL Agent, or any other Person (including any Borrower or Guarantor) acting with the consent, or on behalf, of the ABL Agent shall have the right (a) during normal business hours on any business day, to
access ABL Priority Collateral that (i) is stored or located in or on, (ii) has become an accession with respect to (within the meaning of Section 9-335 of the UCC) or (iii) has been commingled with (within the meaning of
Section 9-336 of the UCC), Term Priority Collateral, and (b) shall have the right to reasonably use the Term Priority Collateral (including, without limitation, Equipment, computers, software, intellectual property, General Intangibles,
real property and books and Records), each of the foregoing in order to assemble, inspect, copy or download information stored on, take actions to perfect its Lien on, complete a production run of Inventory involving, take possession of, move,
prepare and advertise for sale, sell (by public auction, private sale or a “store closing,” “going out of business” or similar sale, whether in bulk, in lots or to customers in the ordinary course of business or otherwise, store
or otherwise deal with the ABL Priority Collateral, in each case without notice to, the involvement of or interference by any Term Secured Party or liability to any Term Secured Party; provided, however, if the Term Agent takes actual
possession 

  
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of any Term Priority Collateral in contemplation of a sale of such Term Priority Collateral or is otherwise exercising a remedy with respect to Term Priority Collateral, the Term Agent shall give
the ABL Agent reasonable opportunity (of reasonable duration and with reasonable advance notice) prior to the Term Agent’s sale of any such Term Priority Collateral to access ABL Priority Collateral as contemplated above. In the event that any
ABL Secured Party has commenced and is continuing to Exercise Any Secured Creditor Remedies with respect to any ABL Priority Collateral or any other sale or liquidation of the ABL Priority Collateral has been commenced by an ABL Credit Party (with
the consent of the ABL Agent), the Term Agent may not sell, assign or otherwise transfer the related Term Priority Collateral prior to the expiration of the Use Period, unless the purchaser, assignee or transferee thereof agrees to be bound by the
provisions of this Section 3.6. 
 (b) The ABL Agent and the ABL Secured Parties shall not be obligated to pay any amounts to the Term
Agent or the Term Secured Parties (or any person claiming by, through or under the Term Secured Parties, including any purchaser of the Term Priority Collateral) or to the Grantor, for or in respect of the use by the ABL Agent and the ABL Secured
Parties of the Term Priority Collateral, and none of the ABL Agent or the ABL Secured Parties shall be obligated to secure, protect, insure or repair any such Term Priority Collateral (other than for damages caused by the ABL Agent, the ABL Secured
Parties or their respective employees, agents and representatives). The ABL Agent and the ABL Secured Parties shall not have any liability to the Term Agent or the Term Secured Parties (or any person claiming by, through or under the Term Agent or
the Term Secured Parties, including any purchaser of the Term Priority Collateral) as a result of any condition (including environmental condition, claim or liability) on or with respect to the Term Priority Collateral other than those arising from
the gross negligence or willful misconduct of the ABL Agent, the ABL Secured Parties or their respective employees, agents and representatives, and the ABL Agent and the ABL Secured Parties shall have no duty or liability to maintain the Term
Priority Collateral in a condition or manner better than that in which it was maintained prior to the use thereof by the ABL Agent and the ABL Secured Parties. 

(c) The Term Agent and the other Term Secured Parties shall use commercially reasonable efforts to not hinder or obstruct the ABL Agent and the
other ABL Secured Parties from exercising the rights described in Section 3.6(a) hereof. 
 (d) Subject to the terms hereof, the Term
Agent may advertise and conduct public auctions or private sales of the Term Priority Collateral without notice (except as required by applicable law) to, the involvement of or interference by any ABL Secured Party or liability to any ABL Secured
Party. 
 Section 3.7 Exercise of Remedies — Set-Off and Tracing of and Priorities in Proceeds. The Term Agent, for
itself and on behalf of the Term Lenders, acknowledges and agrees that, to the extent the Term Agent or any Term Lender exercises its rights of set-off against any Grantor’s Deposit Accounts or Securities Accounts, the amount of such set-off
shall be deemed to be ABL Priority Collateral to be held and distributed pursuant to Section 4.3; provided, however, that the foregoing shall not apply to any set-off by the Term Agent or Term Lender against any Term Priority
Collateral to the extent applied to payment of Term Obligations. The ABL Agent, for itself and on behalf of the ABL Lenders, and the Term 

  
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Agent, for itself and on behalf of the Term Lenders, further agree that prior to an issuance of any notice of Exercise of Any Secured Creditor Remedies by such Secured Party, any proceeds of
Collateral, whether or not deposited under control agreements, which are used by any Grantor to acquire other property which is Collateral shall not (solely as between the Agents and the Lenders) be treated as proceeds of Collateral for purposes of
determining the relative priorities in the Collateral which was so acquired. In addition, unless and until the Discharge of ABL Obligations occurs, the Term Agent and the Term Lenders each hereby consents to the application, prior to the issuance of
a notice of Exercise of Any Secured Creditor Remedies by the Term Agent, of cash or other proceeds of Collateral, deposited under control agreements to the repayment of ABL Obligations pursuant to the ABL Documents. 

ARTICLE 4 

APPLICATION OF PROCEEDS 

Section 4.1 Application of Proceeds. 

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

(b) Application of Proceeds of ABL Priority Collateral. The ABL Agent and the Term Agent hereby agree that all ABL Priority Collateral,
ABL Priority Proceeds and all other Proceeds thereof, received by either of them in connection with any Exercise of Secured Creditor Remedies with respect to the ABL Priority Collateral shall be applied, 

first, to the payment of costs and expenses of the ABL Agent in connection with such Exercise of Secured Creditor
Remedies, 
 second, to the payment of the ABL Priority Obligations in accordance with the ABL Documents until the
Discharge of ABL Obligations shall have occurred, 

  
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 third, to the payment of the Term Priority Obligations in accordance with
the Term Documents, 
 fourth, to any ABL Obligations in excess of the amount of ABL Priority Obligations in
accordance with the ABL Documents, 
 fifth, to the payment of any Term Obligations in excess of the amount of Term
Priority Obligations in accordance with the Term Documents, and 
 sixth, the balance, if any, to the ABL Credit
Parties or to whosoever may be lawfully entitled to receive the same or as a court of competent jurisdiction may direct; 
 provided that in the
event the Term Agent receives, in connection with an Insolvency Proceeding, any Proceeds of any ABL Priority Collateral and the Lien granted in favor of the ABL Agent or the ABL Lenders in respect of such ABL Priority Collateral has been voided,
avoided, subordinated, or otherwise invalidated by a court of competent jurisdiction and the provisions of Section 5.3 would not be effective, the such proceeds received by the Term Agent with respect to the ABL Priority Collateral subject to
avoidance, subordination or invalidation shall be applied, to the extent permitted under applicable law, to the payment of the Term Obligations in accordance with the Term Documents until Discharge of Term Obligations shall have occurred. 

(c) Application of Proceeds of Term Priority Collateral. The ABL Agent and the Term Agent hereby agree that all Term Priority
Collateral, and all other Proceeds thereof, received by either of them in connection with any Exercise of Secured Creditor Remedies with respect to the Term Priority Collateral shall be applied, 

first, to the payment of costs and expenses of the Term Agent in connection with such Exercise of Secured Creditor
Remedies, 
 second, to the payment of the Term Priority Obligations in accordance with the Term Documents until the
Discharge of Term Obligations shall have occurred, 
 third, to the payment of the ABL Priority Obligations in
accordance with the ABL Documents until the Discharge of ABL Obligations shall have occurred, 
 fourth, to the
payment of any Term Obligations in excess of the Term Priority Obligations in accordance with the Term Documents, 

fifth, to the payment of any ABL Obligations in excess of the ABL Priority Obligations in accordance with the ABL
Documents, 
 sixth, the balance, if any, to the Term Credit Parties or to whosoever may be lawfully entitled to
receive the same or as a court of competent jurisdiction may direct; 
 provided that in the event the ABL Agent receives, in connection with an
Insolvency Proceeding, any Proceeds of any Term Priority Collateral and the Lien granted in favor of the Term Agent or the Term Lenders in respect of such Term Priority Collateral has been voided, avoided, subordinated,

  
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or otherwise invalidated by a court of competent jurisdiction and the provisions of Section 5.3 would not be effective, the such proceeds received by the ABL Agent with respect to the Term
Priority Collateral subject to avoidance, subordination or invalidation shall be applied, to the extent permitted under applicable law, to the payment of the ABL Obligations in accordance with the ABL Documents until Discharge of ABL Obligations
shall have occurred. 
 (d) Limited Obligation or Liability. In exercising remedies, whether as a secured creditor or otherwise, the
ABL Agent shall have no obligation or liability to the Term Agent or to any Term Lender, and the Term Agent shall have no obligation or liability to the ABL Agent or any ABL Lender, regarding the adequacy of any Proceeds or for any action or
omission, save and except solely for an action or omission that breaches the express obligations undertaken by each Party under the terms of this Agreement. Notwithstanding anything to the contrary herein contained, none of the Parties hereto waives
any claim that it may have against a Secured Party on the grounds that and sale, transfer or other disposition by the Secured Party was not commercially reasonable in every respect as required by the UCC. 

(e) Turnover of Collateral After Discharge. Upon the Discharge of ABL Obligations, the ABL Agent shall deliver to the Term Agent or
shall execute such documents as the Term Agent may reasonably request (at the expense of the Term Borrower) to enable the Term Agent to have control over any Collateral still in the ABL Agent’s possession, custody, or control in the same form
as received with any necessary endorsements, or as a court of competent jurisdiction may otherwise direct. Upon the Discharge of Term Obligations, the Term Agent shall deliver to the ABL Agent or shall execute such documents as the ABL Agent may
reasonably request (at the expense of the ABL Borrowers) to enable the ABL Agent to have control over any Control Collateral still in the Term Agent’s possession, custody or control in the same form as received with any necessary endorsements,
or as a court of competent jurisdiction may otherwise direct. 
 Section 4.2 Specific Performance. Each of the ABL Agent
and the Term Agent is hereby authorized to demand specific performance of this Agreement, whether or not the applicable Borrower or any Grantor shall have complied with any of the provisions of any of the Credit Documents, at any time when the other
Party shall have failed to comply with any of the provisions of this Agreement applicable to it. Each of the ABL Agent, for and on behalf of itself and the ABL Lenders, and the Term Agent, for and on behalf of itself and the Term Lenders, hereby
irrevocably waives any defense based on the adequacy of a remedy at law that might be asserted as a bar to such remedy of specific performance. 

ARTICLE 5 

INTERCREDITOR ACKNOWLEDGEMENTS AND WAIVERS 

Section 5.1 Notice of Acceptance and Other Waivers. 

(a) All ABL Obligations at any time made or incurred by any ABL Credit Party shall be deemed to have been made or incurred in reliance upon
this Agreement, and the Term Agent, on behalf of itself and the Term Lenders, hereby waives notice of acceptance, or proof of reliance by the ABL Agent or any ABL Lender of this Agreement, and notice of the existence, increase, renewal, extension,
accrual, creation, or non-payment of all or any part of the 

  
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ABL Obligations. All Term Obligations at any time made or incurred by any Term Credit Party shall be deemed to have been made or incurred in reliance upon this Agreement, and the ABL Agent, on
behalf of itself and the ABL Lenders, hereby waives notice of acceptance, or proof of reliance, by the Term Agent or any Term Lender of this Agreement, and notice of the existence, increase, renewal, extension, accrual, creation, or non-payment of
all or any part of the Term Obligations. 
 (b) None of the ABL Agent, any ABL Lender, or any of their respective Affiliates, directors,
officers, employees, or agents shall be liable for failure to demand, collect, or realize upon any of the Collateral or any Proceeds, or for any delay in doing so, or shall be under any obligation to sell or otherwise dispose of any Collateral or
Proceeds thereof or to take any other action whatsoever with regard to the Collateral or any part or Proceeds thereof, except as specifically provided in this Agreement. If the ABL Agent or any ABL Lender honors (or fails to honor) a request by any
Borrower for an extension of credit pursuant to any ABL Credit Agreement or any of the other ABL Documents, whether the ABL Agent or any ABL Lender has knowledge that the honoring of (or failure to honor) any such request would constitute a default
under the terms of the Term Credit Agreement or any other Term Document (but not a default under this Agreement) or an act, condition, or event that, with the giving of notice or the passage of time, or both, would constitute such a default, or if
the ABL Agent or any ABL Lender otherwise should exercise any of its contractual rights or remedies under any ABL Documents (subject to the express terms and conditions hereof), neither the ABL Agent nor any ABL Lender shall have any liability
whatsoever to the Term Agent or any Term Lender as a result of such action, omission, or exercise (so long as any such exercise does not breach the express terms and provisions of this Agreement). The ABL Agent and the ABL Lenders shall be entitled
to manage and supervise their loans and extensions of credit under any ABL Credit Agreement and any of the other ABL Documents as they may, in their sole discretion, deem appropriate, and may manage their loans and extensions of credit without
regard to any rights or interests that the Term Agent or any of the Term Lenders have in the Collateral, except as otherwise expressly set forth in this Agreement. The Term Agent, on behalf of itself and the Term Lenders, agrees that neither the ABL
Agent nor any ABL Lender shall incur any liability as a result of a sale, lease, license, application, or other disposition of all or any portion of the Collateral or Proceeds thereof, pursuant to the ABL Documents, so long as such disposition is
conducted in accordance with mandatory provisions of applicable law and does not breach the provisions of this Agreement. 
 (c) None of the
Term Agent, any Term Lender or any of their respective Affiliates, directors, officers, employees, or agents shall be liable for failure to demand, collect, or realize upon any of the Collateral or any Proceeds, or for any delay in doing so, or
shall be under any obligation to sell or otherwise dispose of any Collateral or Proceeds thereof or to take any other action whatsoever with regard to the Collateral or any part or Proceeds thereof, except as specifically provided in this Agreement.
If the Term Agent or any Term Lender honors (or fails to honor) a request by any Borrower for an extension of credit pursuant to any Term Credit Agreement or any of the other Term Documents, whether the Term Agent or any Term Lender has knowledge
that the honoring of (or failure to honor) any such request would constitute a default under the terms of any ABL Credit Agreement or any other ABL Document (but not a default under this Agreement) or an act, condition, or event that, with the
giving of notice or the passage of time, or both, would constitute such a default, or if the Term Agent or any Term Lender otherwise 

  
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 should exercise any of its contractual rights or remedies under the Term Documents (subject to the express terms
and conditions hereof), neither the Term Agent nor any Term Lender shall have any liability whatsoever to the ABL Agent or any ABL Lender as a result of such action, omission, or exercise (so long as any such exercise does not breach the express
terms and provisions of this Agreement). The Term Agent and the Term Lenders shall be entitled to manage and supervise their loans and extensions of credit under the Term Documents as they may, in their sole discretion, deem appropriate, and may
manage their loans and extensions of credit without regard to any rights or interests that the ABL Agent or any ABL Lender has in the Collateral, except as otherwise expressly set forth in this Agreement. The ABL Agent, on behalf of itself and the
ABL Lenders, agrees that none of the Term Agent or the Term Lenders shall incur any liability as a result of a sale, lease, license, application, or other disposition of the Collateral or any part or Proceeds thereof, pursuant to the Term Documents,
so long as such disposition is conducted in accordance with mandatory provisions of applicable law and does not breach the provisions of this Agreement. 

Section 5.2 Modifications to ABL Documents and Term Documents. 

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

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

(ii) subject to Section 2.5, retain or obtain a Lien on any Property of any Person to secure any of the ABL Obligations,
and in connection therewith to enter into any additional ABL Documents; 
 (iii) amend, or grant any waiver, compromise, or
release with respect to, or consent to any departure from, any guaranty or other obligations of any Person obligated in any manner under or in respect of the ABL Obligations; 

(iv) release its Lien on any Collateral or other Property; 

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

  
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 (vi) subject to Section 2.5, retain or obtain the primary or secondary
obligation of any other Person with respect to any of the ABL Obligations; and 
 (vii) otherwise manage and supervise the
ABL Obligations as the ABL Agent shall deem appropriate. 
 (b) The ABL Agent, on behalf of itself and the ABL Lenders, hereby agrees that,
without affecting the obligations of the ABL Agent and the ABL Lenders hereunder, the Term Agent and the Term Lenders may, at any time and from time to time, in their sole discretion without the consent of or notice to the ABL Agent or any ABL
Lender (except to the extent such notice or consent is required pursuant to the express provisions of this Agreement), and without incurring any liability to the ABL Agent or any ABL Lender or impairing or releasing the subordination provided for
herein, amend, restate, supplement, replace, Refinance, extend, consolidate, restructure, or otherwise modify any of the Term Documents in any manner whatsoever, including, without limitation, to: 

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

(ii) subject to Section 2.5, retain or obtain a Lien on any Property of any Person to secure any of the Term Obligations,
and in connection therewith to enter into any additional Term Documents; 
 (iii) amend, or grant any waiver, compromise, or
release with respect to, or consent to any departure from, any guaranty or other obligations of any Person obligated in any manner under or in respect of the Term Obligations; 

(iv) exercise or refrain from exercising any rights against any Borrower, any Guarantor, or any other Person; 

(v) subject to Section 2.5, retain or obtain the primary or secondary obligation of any other Person with respect to any
of the Term Obligations; 
 (vi) release its Lien on any Collateral or other Property; and 

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

(c) No consent furnished by the ABL Agent or the Term Agent pursuant to Section 5.2(a) or 5.2(b) hereof shall be deemed to constitute the
modification or waiver of any provisions of the ABL Documents or the Term Documents, each of which remain in full force and effect as written. 

  
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 (d) The ABL Obligations and the Term Obligations may be Refinanced, in whole or in part, in each
case, without notice to, or the consent (except to the extent a consent is required to permit the Refinancing transaction under any ABL Document or any Term Document) of the ABL Agent, the ABL Lenders, the Term Agent or the Term Lenders, as the case
may be, all without affecting the Lien Priorities provided for herein or the other provisions hereof, provided, however, that (i) the holders of such Refinancing Indebtedness (or an authorized agent or trustee on their behalf)
bind themselves in writing to the terms of this Agreement pursuant to such documents or agreements (including amendments or supplements to this Agreement) as the ABL Agent or the Term Agent, as the case may be, shall reasonably request and in form
and substance reasonably acceptable to the ABL Agent or the Term Agent, as the case may be, and any such Refinancing transaction shall be in accordance with any applicable provisions of both the ABL Documents and the Term Documents, and (ii) no
such Refinancing shall have any effect prohibited by Section 5.2(b) or 5.2(c), as applicable. 
 Section 5.3 Reinstatement
and Continuation of Agreement. 
 (a) If the ABL Agent or any ABL Lender is required in any Insolvency Proceeding or otherwise to
turn over or otherwise pay to the estate of any Borrower, any Guarantor, or any other Person any payment made in satisfaction of all or any portion of the ABL Obligations (an “ABL Recovery”), then the ABL Obligations shall be
reinstated to the extent of such ABL Recovery. If this Agreement shall have been terminated prior to such ABL Recovery, this Agreement shall be reinstated in full force and effect in the event of such ABL Recovery, and such prior termination shall
not diminish, release, discharge, impair, or otherwise affect the obligations of the Parties from such date of reinstatement. All rights, interests, agreements, and obligations of the ABL Agent, the Term Agent, the ABL Lenders, and the Term Lenders
under this Agreement shall remain in full force and effect and shall continue irrespective of the commencement of, or any discharge, confirmation, conversion, or dismissal of, any Insolvency Proceeding by or against any Borrower or any Guarantor or
any other circumstance which otherwise might constitute a defense available to, or a discharge of any Borrower or any Guarantor in respect of the ABL Obligations or the Term Obligations. No priority or right of the ABL Agent or any ABL Lender shall
at any time be prejudiced or impaired in any way by any act or failure to act on the part of any Borrower or any Guarantor or by the noncompliance by any Person with the terms, provisions, or covenants of any of the ABL Documents, regardless of any
knowledge thereof which the ABL Agent or any ABL Lender may have. 
 (b) If the Term Agent or any Term Lender is required in any Insolvency
Proceeding or otherwise to turn over or otherwise pay to the estate of any Borrower, any Guarantor, or any other Person any payment made in satisfaction of all or any portion of the Term Obligations (a “Term Recovery”), then
the Term Obligations shall be reinstated to the extent of such Term Recovery. If this Agreement shall have been terminated prior to such Term Recovery, this Agreement shall be reinstated in full force and effect in the event of such Term Recovery,
and such prior termination shall not diminish, release, discharge, impair, or otherwise affect the obligations of the Parties from such date of reinstatement. All rights, interests, agreements, and obligations of the ABL Agent, the Term Agent, the
ABL Lenders, and the Term Lenders under this Agreement shall remain in full force and effect and shall continue irrespective of the commencement of, or any discharge, confirmation, conversion, or dismissal of, any Insolvency Proceeding by or against
any Borrower or any Guarantor or any other circumstance which otherwise might constitute a defense available to, or a discharge of any Borrower or any Guarantor in respect of the 

  
 -29- 

 
ABL Obligations or the Term Obligations. No priority or right of the Term Agent or any Term Lender shall at any time be prejudiced or impaired in any way by any act or failure to act on the part
of any Borrower or any Guarantor or by the noncompliance by any Person with the terms, provisions, or covenants of any of the Term Documents, regardless of any knowledge thereof which the Term Agent or any Term Lender may have. 

ARTICLE 6 
 INSOLVENCY
PROCEEDINGS 
 Section 6.1 DIP Financing. 

(a) If any Grantor shall be subject to any Insolvency Proceeding at any time prior to the Discharge of ABL Obligations, and the ABL Agent or
the ABL Lenders shall seek to provide any Grantor with, or consent to a third party providing, any financing under Section 364 of the Bankruptcy Code (or under any similar provision of any foreign Debtor Relief Laws or under a court order in
respect of measures granted with similar effect under any foreign Debtor Relief Laws) or consent to any order for the use of cash collateral constituting ABL Priority Collateral under Section 363 of the Bankruptcy Code (or under any similar
provision of any foreign Debtor Relief Laws or under a court order in respect of measures granted with similar effect under any foreign Debtor Relief Laws) (each, a “DIP Financing”), with such DIP Financing to be secured by
all or any portion of the Collateral (including assets that, but for the application of Section 552 of the Bankruptcy Code (or any similar provision of any foreign Debtor Relief Laws) would be Collateral), then the Term Agent, on behalf of
itself and the Term Lenders, agrees that it will raise no objection and will not support any objection to such DIP Financing or use of cash collateral or to the Liens securing the same on the grounds of a failure to provide “adequate
protection” for the Liens of the Term Agent securing the Term Obligations or on any other grounds (and will not request any adequate protection solely as a result of such DIP Financing or use of cash collateral that is ABL Priority Collateral
except as permitted by Section 6.3(c)(i)), so long as (i) the Term Agent retains its Lien on the Collateral to secure the Term Obligations (in each case, including Proceeds thereof arising after the commencement of the case under any
Debtor Relief Laws) and, as to the Term Priority Collateral only, such Lien has the same priority as existed prior to the commencement of the case under the subject Debtor Relief Laws and any Lien on the Term Loan Priority Collateral securing such
DIP Financing is junior and subordinate to the Lien of the Term Agent on the Term Priority Collateral, (ii) the terms of the DIP Financing do not compel the applicable Grantor to seek confirmation of a specific plan of reorganization for which
all or substantially all of the material terms of such plan are set forth in the DIP Financing documentation or related document, (iii) all Liens on ABL Priority Collateral securing any such DIP Financing shall be senior to or on a parity with
the Liens of the ABL Agent and the ABL Lenders securing the ABL Obligations on ABL Priority Collateral and (iv) the amount of such DIP Financing when aggregated with the then outstanding ABL Obligations shall not exceed the amount of the ABL
Priority Obligations. 
 (b) All Liens granted to the ABL Agent or the Term Agent in any Insolvency Proceeding, whether as adequate
protection or otherwise, are intended by the Parties to be and shall be deemed to be subject to the Lien Priority and the other terms and conditions of this Agreement. 

  
 -30- 

 Section 6.2 Relief from Stay. Until the Discharge of ABL Obligations has
occurred, the Term Agent, on behalf of itself and the Term Lenders, agrees not to seek relief from the automatic stay or any other stay in any Insolvency Proceeding in respect of any portion of the ABL Priority Collateral without the ABL
Agent’s express written consent. Until the Discharge of Term Obligations has occurred, the ABL Agent, on behalf of itself and the ABL Lenders, agrees not to seek relief from the automatic stay or any other stay in any Insolvency Proceeding in
respect of any portion of the Term Priority Collateral without the Term Agent’s express written consent. In addition, neither the Term Agent nor the ABL Agent shall seek any relief from the automatic stay with respect to any Collateral without
providing five (5) days’ prior written notice to the other, unless such period is agreed by both the ABL Agent and the Term Agent to be modified. 

Section 6.3 No Contest; Adequate Protection. 

(a) The Term Agent, on behalf of itself and the Term Lenders, agrees that, prior to the Discharge of ABL Obligations, none of them shall
contest (or support any other Person contesting) (a) any request by the ABL Agent or any ABL Lender for adequate protection of its interest in the Collateral, (b) any proposed provision of DIP Financing by the ABL Agent and the ABL Lenders
(or any other Person proposing to provide DIP Financing with the consent of the ABL Agent in accordance with Section 6.1 or (c) any objection by the ABL Agent or any ABL Lender to any motion, relief, action, or proceeding based on a claim
by the ABL Agent or any ABL Lender that its interests in the Collateral are not adequately protected (or any other similar request under any law applicable to an Insolvency Proceeding), so long as any Liens granted to the ABL Agent as adequate
protection of its interests are subject to this Agreement. 
 (b) The ABL Agent, on behalf of itself and the ABL Lenders, agrees that, prior
to the Discharge of Term Obligations, none of them shall contest (or support any other Person contesting) (i) any request by the Term Agent or any Term Lender for adequate protection of its interest in the Collateral (unless in contravention of
Section 6.1(a) above), or (ii) any objection by the Term Agent or any Term Lender to any motion, relief, action or proceeding based on a claim by the Term Agent or any Term Lender that its interests in the Collateral (unless in
contravention of Section 6.1(a) above) are not adequately protected (or any other similar request under any law applicable to an Insolvency Proceeding), so long as any Liens granted to the Term Agent as adequate protection of its interests are
subject to this Agreement. 
 (c) Notwithstanding the foregoing provisions in this Section 6.3, in any Insolvency Proceeding: 

(i) if the ABL Secured Parties (or any subset thereof) are granted adequate protection with respect to the ABL Priority
Collateral in the form of additional collateral (even if such collateral is not of a type which would otherwise have constituted ABL Priority Collateral), then the ABL Agent, on behalf of itself and the ABL Lenders, agrees that the Term Agent, on
behalf of itself or any of the Term Lenders, may seek or request (and the ABL Secured Parties will not oppose such request) adequate protection with respect to its interests in such Collateral in the form of a Lien on the same additional collateral,
which Lien will be subordinated to the Liens securing the ABL Obligations on the same basis as the other Liens of the Term Agent on ABL Priority Collateral; 

  
 -31- 

 (ii) in the event the Term Agent, on behalf of itself or any of the Term Lenders,
are granted adequate protection in respect of Term Priority Collateral in the form of additional collateral (even if such collateral is not of a type which would otherwise have constituted Term Priority Collateral), then the Term Agent, on behalf of
itself and any of the Term Lenders, agrees that the ABL Agent on behalf of itself or any of the ABL Lenders, may seek or request (and the Term Secured Parties will not oppose such request) adequate protection with respect to its interests in such
Collateral in the form of a Lien on the same additional collateral, which Lien will be subordinated to the Liens securing the Term Obligations on the same basis as the other Liens of the ABL Agent on Term Priority Collateral; and 

(iii) except as otherwise expressly set forth in Section 6.1 or in connection with the exercise of remedies with respect
to (A) the ABL Priority Collateral, nothing herein shall limit the rights of the Term Agent or the Term Lenders from seeking adequate protection with respect to their rights in the Term Priority Collateral in any Insolvency Proceeding
(including adequate protection in the form of a cash payment, periodic cash payments or otherwise) or (B) the Term Priority Collateral, nothing herein shall limit the rights of the ABL Agent or the ABL Lenders from seeking adequate protection
with respect to their rights in the ABL Priority Collateral in any Insolvency Proceeding (including adequate protection in the form of a cash payment, periodic cash payments or otherwise). 

Section 6.4 Asset Sales. The Term Agent agrees, on behalf of itself and the Term Lenders, that it will not oppose any sale
consented to by the ABL Agent of any ABL Priority Collateral pursuant to Section 363(f) of the Bankruptcy Code (or any similar provision under the law applicable to any Insolvency Proceeding or under a court order in respect of measures granted
with similar effect under any foreign Debtor Relief Laws) so long as the proceeds of such sale are applied in accordance with this Agreement. The ABL Agent agrees, on behalf of itself and the ABL Lenders, that it will not oppose any sale consented
to by the Term Agent of any Term Priority Collateral pursuant to Section 363(f) of the Bankruptcy Code (or any similar provision under the law applicable to any Insolvency Proceeding or under a court order in respect of measures granted with
similar effect under any foreign Debtor Relief Laws) so long as the proceeds of such sale are applied in accordance with this Agreement. If such sale of Collateral includes both ABL Priority Collateral and Term Priority Collateral, and if the
Parties are unable after negotiating in good faith to agree on the allocation of the purchase price between the ABL Priority Collateral and Term Priority Collateral, either Party may apply to the court in such Insolvency Proceeding to make a
determination of such allocation, and the court’s determination shall be binding upon the Parties. 
 Section 6.5 Separate
Grants of Security and Separate Classification. Each Term Lender, the Term Agent, each ABL Lender and the ABL Agent acknowledges and agrees that (i) the grants of Liens pursuant to the ABL Security Documents and the Term Security
Documents constitute two separate and distinct grants of Liens and (ii) because of, among other things, their differing rights in the Collateral, the Term Obligations are fundamentally different from the ABL Obligations and must be separately
classified in any plan of reorganization (or other plan of similar effect under any Debtor Relief Laws) proposed or 

  
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adopted in an Insolvency Proceeding. To further effectuate the intent of the parties as provided in the immediately preceding sentence, if it is held that the claims of the ABL Secured Parties
and the Term Secured Parties in respect of the Collateral constitute only one secured claim (rather than separate classes of senior and junior secured claims), then the ABL Secured Parties and the Term Secured Parties hereby acknowledge and agree
that all distributions shall be made as if there were separate classes of ABL Obligation claims and Term Obligation claims against the Grantors (with the effect being that, to the extent that the aggregate value of the ABL Priority Collateral or
Term Priority Collateral is sufficient (for this purpose ignoring all claims held by the other Secured Parties), the ABL Secured Parties or the Term Secured Parties, respectively, shall be entitled to receive, in addition to amounts distributed to
them in respect of principal, pre-petition interest and other claims, all amounts owing in respect of post-petition interest that is available from each pool of Priority Collateral for each of the ABL Secured Parties and the Term Secured Parties,
respectively, before any distribution is made in respect of the claims held by the other Secured Parties from such Priority Collateral, with the other Secured Parties hereby acknowledging and agreeing to turn over to the respective other Secured
Parties amounts otherwise received or receivable by them to the extent necessary to effectuate the intent of this sentence, even if such turnover has the effect of reducing the aggregate recoveries. 

Section 6.6 Enforceability. The provisions of this Agreement are intended to be and shall be enforceable under
Section 510(a) of the Bankruptcy Code. 
 Section 6.7 ABL Obligations Unconditional. All rights of the ABL Agent
hereunder, and all agreements and obligations of the Term Agent and the Grantors (to the extent applicable) hereunder, shall remain in full force and effect irrespective of: 

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

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

(iii) any exchange, release, voiding, avoidance or non perfection of any security interest in any Collateral or any other
collateral, or any release, amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding, restatement or increase of all or any portion of the ABL Obligations or any guarantee or
guaranty thereof; or 
 (iv) any other circumstances that otherwise might constitute a defense available to, or a discharge
of, any ABL Credit Party in respect of the ABL Obligations, or of any of the Term Agent or any Grantor, to the extent applicable, in respect of this Agreement. 

Section 6.8 Term Obligations Unconditional. All rights of the Term Agent hereunder, all agreements and obligations of the
ABL Agent and the Grantors (to the extent applicable) hereunder, shall remain in full force and effect irrespective of: 

  
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 (i) any lack of validity or enforceability of any Term Document; 

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

(iii) any exchange, release, voiding, avoidance or non perfection of any security interest in any Collateral, or any other
collateral, or any release, amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding, restatement or increase of all or any portion of the Term Obligations or any guarantee or
guaranty thereof; or 
 (iv) any other circumstances that otherwise might constitute a defense available to, or a discharge
of, any Term Credit Party in respect of the Term Obligations, or of any of the ABL Agent or any Grantor, to the extent applicable, in respect of this Agreement. 

ARTICLE 7 

MISCELLANEOUS 

Section 7.1 Rights of Subrogation. The Term Agent, for and on behalf of itself and the Term Lenders, agrees that no
payment to the ABL Agent or any ABL Lender pursuant to the provisions of this Agreement shall entitle the Term Agent or any Term Lender to exercise any rights of subrogation in respect thereof until the Discharge of ABL Obligations shall have
occurred. Following the Discharge of ABL Obligations, the ABL Agent agrees to execute such documents, agreements, and instruments as the Term Agent or any Term Lender may reasonably request to evidence the transfer by subrogation to any such Person
of an interest in the ABL Obligations resulting from payments to the ABL Agent by such Person, so long as all costs and expenses (including all reasonable legal fees and disbursements) incurred in connection therewith by the ABL Agent are paid by
such Person upon request for payment thereof. The ABL Agent, for and on behalf of itself and the ABL Lenders, agrees that no payment to the Term Agent or any Term Lender pursuant to the provisions of this Agreement shall entitle the ABL Agent or any
ABL Lender to exercise any rights of subrogation in respect thereof until the Discharge of Term Obligations shall have occurred. Following the Discharge of Term Obligations, the Term Agent agrees to execute such documents, agreements, and
instruments as the ABL Agent or any ABL Lender may reasonably request to evidence the transfer by subrogation to any such Person of an interest in the Term Obligations resulting from payments to the Term Agent by such Person, so long as all costs
and expenses (including all reasonable legal fees and disbursements) incurred in connection therewith by the Term Agent are paid by such Person upon request for payment thereof. 

Section 7.2 Further Assurances. The Parties will, at their own expense and at any time and from time to time, promptly
execute and deliver all further instruments and documents, and take all further action, that may be necessary or desirable, or that either Party may reasonably request, in order to protect any right or interest granted or purported to be granted
hereby or to enable the ABL Agent or the Term Agent to exercise and enforce its rights 

  
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and remedies hereunder; provided, however, that no Party shall be required to pay over any payment or distribution, execute any instruments or documents, or take any other action referred to in
this Section 7.2, to the extent that such action would contravene any law, order or other legal requirement or any of the terms or provisions of this Agreement, and in the event of a controversy or dispute, such Party may interplead any payment
or distribution in any court of competent jurisdiction, without further responsibility in respect of such payment or distribution under this Section 7.2. 

Section 7.3 Representations. The Term Agent represents and warrants to the ABL Agent that it has the requisite power and
authority under the Term Documents to enter into, execute, deliver, and carry out the terms of this Agreement on behalf of itself and the Term Lenders and that this Agreement shall be binding obligations of the Term Agent and the Term Lenders,
enforceable against the Term Agent and the Term Lenders in accordance with its terms. The ABL Agent represents and warrants to the Term Agent that it has the requisite power and authority under the ABL Documents to enter into, execute, deliver, and
carry out the terms of this Agreement on behalf of itself and the ABL Lenders and that this Agreement shall be binding obligations of the ABL Agent and the ABL Lenders, enforceable against the ABL Agent and the ABL Lenders in accordance with its
terms. 
 Section 7.4 Amendments. No amendment or waiver of any provision of this Agreement nor consent to any departure
by any Party hereto shall be effective unless it is in a written agreement executed by the Term Agent and the ABL Agent and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given.

 Section 7.5 Addresses for Notices. All notices to the Secured Parties permitted or required under this Agreement may
be sent to the applicable Agent for such Secured Party, respectively, as provided in the applicable Credit Document. Unless otherwise specifically provided herein, any notice or other communication herein required or permitted to be given shall be
in writing and may be personally served, telecopied, or sent by overnight express courier service or United States mail and shall be deemed to have been given when delivered in person or by courier service, upon receipt of a telecopy or five
(5) days after deposit in the United States mail (certified, with postage prepaid and properly addressed). 
 Section 7.6
No Waiver, Remedies. No failure on the part of any Party to exercise, and no delay in exercising, any right hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right hereunder preclude any other or
further exercise thereof or the exercise of any other right. The remedies herein provided are cumulative and not exclusive of any remedies provided by law. 

Section 7.7 Continuing Agreement, Transfer of Secured Obligations. This Agreement is a continuing agreement and shall
(a) remain in full force and effect until the Discharge of ABL Obligations and the Discharge of Term Obligations shall have occurred, (b) be binding upon the Parties and their successors and assigns, and (c) inure to the benefit of
and be enforceable by the Parties and their respective successors, transferees and assigns. Nothing herein is intended, or shall be construed to give, any other Person any right, remedy or claim under, to or in respect of this Agreement or any
Collateral. All references to any 

  
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Grantor shall include any Grantor as debtor-in-possession and any receiver or trustee for such Grantor in any Insolvency Proceeding. Without limiting the generality of the foregoing clause (c),
the ABL Agent, any ABL Lender, the Term Agent, or any Term Lender may assign or otherwise transfer all or any portion of the ABL Obligations or the Term Obligations, as applicable, to any other Person (other than any Borrower, any Grantor or any
Affiliate of any Borrower or any Grantor and any Subsidiary of any Borrower or any Grantor), and such other Person shall thereupon become vested with all the rights and obligations in respect thereof granted to the ABL Agent, the Term Agent, any ABL
Lender, or any Term Lender, as the case may be, herein or otherwise. The ABL Secured Parties and the Term Secured Parties may continue, at any time and without notice to the other parties hereto, to extend credit and other financial accommodations,
lend monies and provide Indebtedness to, or for the benefit of, any Grantor on the faith hereof. 
 Section 7.8 Governing Law:
Entire Agreement. The validity, performance, and enforcement of this Agreement shall be governed by, and construed in accordance with, the laws of the State of New York. This Agreement constitutes the entire agreement and understanding among
the Parties with respect to the subject matter hereof and supersedes any prior agreements, written or oral, with respect thereto. 

Section 7.9 Counterparts. This Agreement may be executed in any number of counterparts, and it is not necessary that the
signatures of all Parties be contained on any one counterpart hereof, each counterpart will be deemed to be an original, and all together shall constitute one and the same document. 

Section 7.10 No Third Party Beneficiaries. This Agreement is solely for the benefit of the ABL Agent, ABL Lenders, Term
Agent and Term Lenders. No other Person (including any Borrower, any Grantor or any Affiliate of any Borrower or any Grantor, or any Subsidiary of any Borrower or any Grantor) shall be deemed to be a third party beneficiary of this Agreement. 

Section 7.11 Headings. The headings of the articles and sections of this Agreement are inserted for purposes of
convenience only and shall not be construed to affect the meaning or construction of any of the provisions hereof. 
 Section 7.12
Severability. If any of the provisions in this Agreement shall, for any reason, be held invalid, illegal or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provision of this
Agreement and shall not invalidate the Lien Priority or the application of Proceeds and other priorities set forth in this Agreement. 

Section 7.13 Attorneys’ Fees. The Parties agree that if any dispute, arbitration, litigation, or other proceeding is
brought with respect to the enforcement of this Agreement or any provision hereof, the prevailing party in such dispute, arbitration, litigation, or other proceeding shall be entitled to recover its reasonable attorneys’ fees and all other
costs and expenses incurred in the enforcement of this Agreement, irrespective of whether suit is brought. 

  
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 Section 7.14 VENUE; JURY TRIAL WAIVER. 

(a) EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION OF THE
SUPREME COURT OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS
AGREEMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING 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 ABL SECURED PARTY OR ANY TERM SECURED PARTY MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY ABL DOCUMENTS AGAINST ANY
GRANTOR OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION. 
 (b) EACH PARTY HERETO HEREBY WAIVES ITS RESPECTIVE RIGHTS TO A JURY TRIAL OF
ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREIN, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW OR STATUTORY CLAIMS. EACH PARTY HERETO
REPRESENTS THAT IT HAS REVIEWED THIS WAIVER AND IT KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. IN THE EVENT OF LITIGATION, A COPY OF THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY
THE COURT. 
 (c) EACH PARTY TO THIS AGREEMENT IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 7.5.
NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY TO THIS AGREEMENT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW. 

Section 7.15 Intercreditor Agreement. This Agreement is the Intercreditor Agreement referred to in the ABL Credit
Agreement and the Term Credit Agreement. Nothing in this Agreement shall be deemed to subordinate the obligations due to (i) any ABL Secured Party to the obligations due to any Term Secured Party or (ii) any Term Secured Party to the
obligations due to any ABL Secured Party (in each case, whether before or after the occurrence of an Insolvency Proceeding), it being the intent of the Parties that this Agreement shall effectuate a subordination of Liens but not a subordination of
Indebtedness. 

  
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 Section 7.16 No Warranties or Liability. The Term Agent and the ABL Agent
acknowledge and agree that neither has made any representation or warranty with respect to the execution, validity, legality, completeness, collectability or enforceability of any other ABL Document or any Term Document. Except as otherwise provided
in this Agreement, the Term Agent and the ABL Agent will be entitled to manage and supervise their respective extensions of credit to any Grantor in accordance with law and their usual practices, modified from time to time as they deem appropriate.

 Section 7.17 Conflicts. In the event of any conflict between the provisions of this Agreement and the provisions of
any ABL Document or any Term Document, the provisions of this Agreement shall govern. 
 Section 7.18 Information Concerning
Financial Condition of the Grantors. Each of the Term Agent and the ABL Agent hereby assume responsibility for keeping itself informed of the financial condition of the Grantors and all other circumstances bearing upon the risk of nonpayment
of the ABL Obligations or the Term Obligations. The Term Agent and the ABL Agent hereby agree that no party shall have any duty to advise any other party of information known to it regarding such condition or any such circumstances. In the event the
Term Agent or the ABL Agent, in its sole discretion, undertakes at any time or from time to time to provide any information to any other party to this Agreement, (a) it shall be under no obligation (i) to provide any such information to
such other party or any other party on any subsequent occasion, (ii) to undertake any investigation not a part of its regular business routine, or (iii) to disclose any other information, or (b) it makes no representation as to the
accuracy or completeness of any such information and shall not be liable for any information contained therein, and (c) the Party receiving such information hereby to hold the other Party harmless from any action the receiving Party may take or
conclusion the receiving Party may reach or draw from any such information, as well as from and against any and all losses, claims, damages, liabilities, and expenses to which such receiving Party may become subject arising out of or in connection
with the use of such information. 
 [Signature pages follow] 

  
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 IN WITNESS WHEREOF, the ABL Agent, for and on behalf of itself and the ABL Lenders, and the Term
Agent, for and on behalf of itself and the Term Lenders, have caused this Agreement to be duly executed and delivered as of the date first above written. 
  

			
	BANK OF AMERICA, N.A., in its capacity as the ABL Agent
		
	By:	 	/s/ Christopher Godfrey
		 	Name: Christopher Godfrey
		 	Title: Senior Vice President

  

			
	BANK OF AMERICA, N.A., in its capacity as the Term Agent
		
	By:	 	/s/ Robert Klawinski
		 	Name: Robert Klawinski
		 	Title: Senior Vice President

 Intercreditor Agreement 

 ACKNOWLEDGMENT 

Each Borrower and each Grantor hereby acknowledges that it has received a copy of this Agreement and consents thereto, agrees to recognize all
rights granted thereby to the ABL Agent, the ABL Lenders, the Term Agent, and the Term Lenders and will not do any act or perform any obligation which is not in accordance with the agreements set forth in this Agreement. Each Borrower and each
Grantor further acknowledges and agrees that it is not and intended beneficiary or third party beneficiary under this Agreement and (i) as between the ABL Secured Parties, the Borrowers and Grantors, the ABL Documents remain in full force and effect
as written and are in no way modified hereby, and (ii) as between the Term Secured Parties, the Borrowers and Grantors, the Term Documents remain in full force and effect as written and are in no way modified hereby. 

 

									
	UNIVAR INC., as ABL Borrower and Term Borrower	 		 	CHEMPOINT.COM INC.
					
	By:	 	/s/ Peter Heinz	 		 	By:	 	/s/ Peter Heinz
	Name:	 	Peter Heinz	 		 	Name:	 	Peter Heinz
	Title:	 	Vice President, General Counsel & Secretary	 		 	Title:	 	Vice President, General Counsel & Assistant Secretary
			
	UNIVAR CANADA LTD., as ABL Borrower	 		 	UNIVAR USA INC.
					
	By:	 	/s/ Peter Heinz	 		 	By:	 	/s/ Peter Heinz
	Name:	 	Peter Heinz	 		 	Name:	 	Peter Heinz
	Title:	 		 		 	Title:	 	Vice President, General Counsel & Assistant Secretary
			
	ULIXES ACQUISITION, B.V., as Parent	 		 	UNIVAR NORTH AMERICA CORPORATION
					
	By:	 	ILLEGIBLE	 		 	By:	 	/s/ Peter Heinz
	Name:	 	 	 		 	Name:	 	Peter Heinz
	Title:	 	 	 		 	Title:	 	Corporate Secretary
			
	UNIVAR UK HOLDINGS LTD., as Term Borrower	 		 	CHEMCENTRAL INTERNATIONAL SERVICES CORPORATION
					
	By:	 	/s/ Peter Heinz	 		 	By:	 	/s/ Peter Heinz
	Name:	 	Peter Heinz	 		 	Name:	 	Peter Heinz
	Title:	 		 		 	Title:	 	President

 Intercreditor Agreement

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