Document:

Pledge and Security Agreement

 Exhibit 10.13 
 EXECUTION VERSION 
 “The lien created by this Security Agreement on
the property described herein is junior and subordinate to the lien on such property created by any security agreement or similar instrument now or hereafter granted to JPMorgan Chase Bank, National Association, as Collateral Agent or as
Administrative Agent (as applicable), and its successors and assigns in such property, in accordance with the provisions of the Amended and Restated Intercreditor Agreement dated as of July 22, 2011 among JPMorgan Chase Bank, National
Association, as Administrative Agent, Wilmington Trust Company, as Pension Fund Representative, U.S. Bank National Association, as Convertible Note Representative (not individually, but solely in such capacity), JPMorgan Chase Bank, N.A., as
Administrative Agent under the ABL Credit Agreement, and YRC Worldwide Inc., and the other parties referred to therein, as amended, restated, supplemented or otherwise modified from time to time.” 

PLEDGE AND SECURITY AGREEMENT 
 THIS PLEDGE AND SECURITY AGREEMENT (as the same may be amended, restated, supplemented or otherwise modified from time to time, this “Security Agreement”) is entered into as of
July 22, 2011 by and among YRC Worldwide Inc., a Delaware corporation (the “Company”), the Subsidiaries of the Company listed on the signature pages hereto (together with the Company, the “Initial Grantors,”
and together with any additional Subsidiaries, whether now existing or hereafter acquired or formed, which become parties to this Security Agreement by executing a Security Agreement Supplement hereto in substantially the form of Annex I, the
“Grantors”), and U.S. Bank National Association, as Collateral Trustee (together with its successors and permitted assignees, in such capacity, the “Collateral Trustee”) under the Collateral Trust Agreement, dated
as of July 22, 2011, among the Initial Grantors, the Primary Holder Representatives (as defined therein) and the Collateral Trustee (as amended, supplemented or otherwise modified from time to time, the “Collateral Trust
Agreement”), for the benefit of the Secured Parties (as defined therein). 
 PRELIMINARY STATEMENT 

WHEREAS, pursuant to the Indenture dated as of the date hereof among the Company, the Collateral Trustee and U.S. Bank National
Association, as trustee (as amended, restated, supplemented, renewed, extended, replaced, or otherwise modified from time to time, the “Restructuring Note Indenture”), the Company has issued its Series A Convertible Senior
Secured Notes (collectively, the “Restructuring Notes”) upon the terms and subject to the conditions set forth therein; 
 WHEREAS, pursuant to the Indenture dated as of the date hereof among the Company, the Collateral Trustee and U.S. Bank National Association, as trustee (as amended, restated, supplemented, renewed,
extended, replaced, or otherwise modified from time to time, the “New Money Note Indenture”), the Company has issued its Series B Convertible Senior Secured Notes (collectively, the “New Money Notes”) upon the
terms and subject to the conditions set forth therein; 
 WHEREAS, the Grantors, other than the Company, have guaranteed the
Secured Obligations pursuant to the Restructuring Note Indenture and the New Money Note Indenture (collectively, the “Indentures”); 
 WHEREAS, the Company, the lenders party thereto and the administrative agent have entered into an Amended and Restated Credit Agreement dated as of the date hereof (as the same may be amended, restated,
amended and restated, supplemented, renewed, replaced, replaced, extended, restructured or otherwise modified from time to time, the “Credit Agreement”); 

 WHEREAS, each Grantor has agreed to grant a security interest in all or substantially all of
its personal property and to pledge its capital stock, membership interests or partnership interests in certain of its Subsidiaries to the Collateral Trustee, for the benefit of the Secured Parties, as security for the Secured Obligations;

 WHEREAS, the Company and the other Grantors are engaged in related businesses, and each Grantor will derive substantial
direct and indirect benefit from the issuance of the Restructuring Notes and the New Money Notes; and 
 WHEREAS, it is a
condition precedent to the obligation of the Secured Parties to enter the Secured Instruments to which they are parties that the Grantors shall have executed and delivered this Security Agreement to the Collateral Trustee for the benefit of the
Secured Parties; 
 NOW, THEREFORE, in consideration of the premises herein and to induce the Secured Parties to enter into the
Secured Instruments, each Grantor hereby agrees with the Collateral Trustee, for the benefit of the Secured Parties, as follows: 

ARTICLE I 

DEFINITIONS 

1.1. Terms Defined in the Collateral Trust Agreement. All capitalized terms used herein and not otherwise defined shall have the
meanings assigned to such terms in the Collateral Trust Agreement. 
 1.2. Terms Defined in UCC. Terms defined in the UCC
(as defined in the Indentures) which are not otherwise defined in this Security Agreement are used herein as defined in the UCC. 
 1.3. Definitions of Certain Terms Used Herein. As used in this Security Agreement, in addition to the terms defined in the Preliminary Statement, the following terms shall have the following
meanings: 
 “ABL Borrower” shall have the meaning set forth in the Indentures. 

“ABL Credit Agreement” shall have the meaning set forth in the Indentures. 

“ABL Documents” shall have the meaning set forth in the Indentures. 

“ABL Receivables Assets” means all accounts receivable (including, without limitation, all rights to payment created by
or arising from sales of goods, leases of goods or the rendition of services rendered no matter how evidenced whether or not earned by performance) (whether now existing or arising in the future) of YRC, Inc., USF Reddaway Inc. and USF Holland Inc.,
certain of the Company’s Subsidiaries, which are transferred and sold to the ABL Borrower pursuant to the ABL Documents and any Related Qualified Receivables Financing Assets which are also so transferred and sold to the ABL Borrower and all
proceeds thereof. 
 “Accounts” shall have the meaning set forth in Article 9 of the UCC. 

“Article” means a numbered article of this Security Agreement, unless another document is specifically referenced.

 “Bank Group Documents” has the meaning given such term in the Intercreditor Agreement. All references herein
to the provisions of the Bank Group Documents for purposes of the application of such relevant provisions herein shall continue to be applied whether or not such Bank Group Documents remain in existence. 

  
 2 

 “Bank Group Representative” has the meaning given such term in the
Intercreditor Agreement. 
 “Chattel Paper” shall have the meaning set forth in Article 9 of the UCC.

 “Collateral” means all Accounts, Chattel Paper, Commercial Tort Claims, Copyrights, Deposit Accounts,
Documents, Equipment (including, without limitation, all Tractor Trailers), Farm Products, Fixtures, General Intangibles, Goods, Instruments, Inventory, Investment Property, letters of credit, Letter-of-Credit Rights, Licenses, Patents, Pledged
Deposits, Receivables, Supporting Obligations, Trademarks and Other Collateral, wherever located, in which any Grantor now has or hereafter acquires any right or interest, and the proceeds (including Stock Rights), insurance proceeds and products
thereof, together with all books and records, customer lists, credit files, computer files, programs, printouts and other computer materials and records related thereto; provided, that, Collateral shall exclude Identified Collateral
until the Bank Group Representative determines that its collateral shall include all or any portion of the Identified Collateral and provides written notice thereof to the Company (with a copy of each such written notice to be concurrently provided
to the Collateral Trustee by the Bank Group Representative) and upon delivery of each such notice to the Company by the Bank Group Representative the applicable Identified Collateral shall be, and shall be deemed to be, Collateral for all purposes;
provided further that the foregoing Collateral shall exclude the Excluded Property; and provided further, that Collateral shall exclude, solely for purposes of this Security Agreement, the Limited States Vehicle Collateral (as defined
in the Security and Collateral Agency Agreement), such security interest in the Limited States Vehicle Collateral being granted as of the date hereof to JPMorgan Chase Bank, National Association, as collateral agent for the Bank Group, Secured
Parties (as defined in the Intercreditor Agreement) and the Secured Parties, under the Security and Collateral Agency Agreement. 
 “Collateralized LC Facility Accounts” means those certain deposit accounts and securities accounts, including all cash, Permitted Investments (as defined in the New Money Note Indenture)
and investment property contained therein and other proceeds of the foregoing, in respect of which the Company or any of its Subsidiaries has granted a Lien to secure indebtedness permitted under Section 4.11(b)(i)(C) of the New Money Note
Indenture to the extent permitted by clause (28) of the definition of Permitted Liens in the New Money Note Indenture. 

“Commercial Tort Claims” means commercial tort claims, as defined in the UCC of any Grantor, including each commercial
tort claim specifically described in Exhibit “F”; provided, that, notwithstanding the foregoing, Commercial Tort Claims shall exclude the Excluded Property. 

“Control” shall have the meaning set forth in Article 8 or, if applicable, in Section 9-104, 9-105, 9-106 or 9-107
of Article 9 of the UCC. 
 “Copyrights” means, with respect to any Person, all of such Person’s right,
title, and interest in and to the following: (a) all copyrights, rights and interests in copyrights, works protectable by copyright, copyright registrations, and copyright applications; (b) all extensions of any of the foregoing;
(c) all income, royalties, damages, and payments now or hereafter due and/or payable under any of the foregoing, including, without limitation, damages or payments for past or future infringements for any of the foregoing; (d) the right to
sue for past, present, and future infringements of any of the foregoing; and (e) all rights corresponding to any of the foregoing throughout the world. 
 “Default” means an event described in Section 5.1(a) hereof. 
 “Deposit Account” has the meaning set forth in Article 9 of the UCC. 

  
 3 

 “Deposit Account Control Agreement” means an agreement among any Grantor, a
banking institution holding such Grantor’s funds, the Collateral Trustee and the Bank Group Representative, if any, and to the extent applicable, with respect to collection and Control of all deposits and balances held in all deposit accounts
maintained by such Grantor with such banking institution (other than deposit accounts constituting Excluded Property). 

“Documents” shall have the meaning set forth in Article 9 of the UCC. 

“Equipment” shall have the meaning set forth in Article 9 of the UCC. 

“Escrow Accounts” shall mean those accounts contemplated (and as defined) in the ABL Credit Agreement in effect as of
the date hereof. 
 “Event of Default” means an event described in Section 5.1(b) hereof.

 “Excluded Property” means (a) (i) any property to the extent any grant of a security interest
therein (A) is prohibited by applicable law or governmental authority or (B) is prohibited by or constitutes a breach or default under or results in the termination of, or requires any consent not obtained under any applicable shareholder
or similar agreement or (ii) any lease, license, contract, property right or agreement to which any Grantor is a party or any of its rights or interests thereunder if, and only for so long as, the grant of a security interest shall constitute
or result in a breach, termination or default under any such lease, license, contract, property right or agreement, other than in the case of each of clause (i) and (ii), to the extent that any such term would be rendered ineffective pursuant
to Section 9-406, 9-407, 9-408 or 9-408 of the UCC of any relevant jurisdiction, provided, however, that any portion of any such property, lease, license, contract, property right or agreement shall cease to constitute Excluded Property at the
time and to the extent that the grant of a security interest therein does not result in any of the consequences specified above, (b) any motor vehicle (other than Tractor Trailers, Rolling Stock and equipment) consisting of a personal employee
or light vehicle having an individual fair market value not in excess of $40,000 and the perfection of a security interest in which is excluded from the UCC in the relevant jurisdiction; provided, that, this clause (b) shall only
exclude such vehicles having an aggregate fair market value of not more than $1,000,000, (c) deposit accounts for the sole purpose of funding payroll obligations, tax obligations or holding funds owned by Persons other than the Grantors, each
Escrow Account (until the related Escrow Agreement has been terminated) and the Collateralized LC Facility Accounts, (d) intent-to-use trademark applications to the extent that, and solely during the period in which, the grant of a security
interest therein would impair the validity or enforceability of such intent-to-use trademark applications under Federal law, (e) any leasehold interest of the Company or any Subsidiary, (f) any Equity Interests and other securities of a
Subsidiary to the extent that the pledge of such Equity Interests and other securities results in the Company being required to file separate financial statements of such Subsidiary with the SEC pursuant to Rule 3-16 of Regulation S-X under the
Securities Act, but only to the extent necessary to not be subject to such requirement, and (g) Qualified Receivables Financing Assets; provided that the Qualified Receivables Financing Assets shall immediately cease to be Excluded
Property (a) should the transfer and sale of such Qualified Receivables Financing Assets to the Receivables Subsidiary (as defined in the New Money Note Indenture) be deemed a loan as opposed to a sale or (b) upon the Company entering into
an Asset Backed Credit Facility; provided, however, that Excluded Property will not include any proceeds, substitutions or replacements of any Excluded Property referred to above (unless such proceeds, substitutions or replacements
would constitute Excluded Property). 
 “Exhibit” refers to a specific exhibit to this Security Agreement,
unless another document is specifically referenced, and each reference herein to an Exhibit, as it relates to a Grantor, shall mean, as of the relevant date of reference, the portion of such Exhibit or, after the date hereof, modifications thereto,
as the case may be, as shall be set forth in the relevant and current information relating to such Grantor as 

  
 4 

 
such information is provided by such Grantor or the Company to the Collateral Trustee, (a) upon such Grantor becoming a party hereto, and (b) following changes, additions and other
revisions thereto to the extent required and within such time period as required pursuant to the terms hereof. 
 “Farm
Products” shall have the meaning set forth in Article 9 of the UCC. 
 “First Tier Foreign Subsidiary”
means each Foreign Subsidiary with respect to which any one or more of the Company and its Domestic Subsidiaries directly owns or controls more than 50% of such Foreign Subsidiary’s issued and outstanding Equity Interests. 

“Fixtures” shall have the meaning set forth in Article 9 of the UCC. 

“General Intangibles” shall have the meaning set forth in Article 9 of the UCC and, in any event, includes payment
intangibles, contract rights, rights to payment, rights arising under common law, statutes, or regulations, choses or things in action, goodwill (including the goodwill associated with any Trademark), Patents, Trademarks, Copyrights, URLs and domain
names, Industrial Designs, other industrial or Intellectual Property or rights therein or applications therefor, whether under license or otherwise, programs, programming materials, blueprints, drawings, purchase orders, customer lists, monies due
or recoverable from pension funds, route lists, rights to payment and other rights under any royalty or licensing agreements, including Intellectual Property Licenses, infringement claims, computer programs, information contained on computer disks
or tapes, software, literature, reports, catalogs, pension plan refunds, pension plan refund claims, insurance premium rebates, tax refunds, and tax refund claims, interests in a partnership or limited liability company which do not constitute a
security under Article 8 of the Code, and any other personal property other than Commercial Tort Claims, money, Accounts, Chattel Paper, Deposit Accounts, Goods, Investment Property, Documents, Instruments, Letter-of-Credit Rights, letters of
credit, and oil, gas, or other minerals before extraction. 
 “Goods” shall have the meaning set forth in
Article 9 of the UCC. 
 “Identified Collateral” means any issued and outstanding Equity Interests of any
Foreign Subsidiary (other than up to 65% of the issued and outstanding Equity Interests of any First Tier Foreign Subsidiary) to the extent directly owned by a Grantor. 
 “Industrial Designs” means (a) registered industrial designs and industrial design applications, and also includes registered industrial designs and industrial design applications
listed in Exhibit “B”, (b) all renewals, divisions and any industrial design registrations issuing thereon and any and all foreign applications corresponding thereto, (c) all income, royalties, damages and payments now and
hereafter due or payable under and with respect thereto, including payments under all licenses entered into in connection therewith and damages and payments for past or future infringements thereof, (d) the right to sue for past, present and
future infringements thereof, and (e) all of each Grantor’s rights corresponding thereto throughout the world; provided, that, notwithstanding the foregoing, Industrial Designs shall exclude the Excluded Property. 

“Instruments” shall have the meaning set forth in Article 9 of the UCC. 

“Intellectual Property” means all Patents, Trademarks and Copyrights and any other intellectual property. 

“Intercreditor Agreement” shall mean the Amended and Restated Intercreditor Agreement, dated as of July 22, 2011,
as amended, restated, supplemented, renewed, extended, replaced, or otherwise modified from time to time, among the Bank Group Representative, the Pension Fund Representative (as defined therein), the Collateral Trustee and others. 

  
 5 

 “Inventory” shall have the meaning set forth in Article 9 of the UCC.

 “Investment Property” shall have the meaning set forth in Article 9 of the UCC. 

“Letter-of-Credit Rights” shall have the meaning set forth in Article 9 of the UCC. 

“Licenses” means, with respect to any Person, all of such Person’s right, title, and interest in and to
(a) any and all licensing agreements or similar arrangements in and to its Patents, Copyrights, or Trademarks, (b) all income, royalties, damages, claims, and payments now or hereafter due or payable under and with respect thereto,
including, without limitation, damages and payments for past and future breaches thereof, and (c) all rights to sue for past, present, and future breaches thereof. 
 “Material Adverse Effect” means (a) a material adverse effect on (i) the business, assets, operations or condition, financial or otherwise of the Company and the Subsidiaries
taken as a whole, (ii) the ability of the Company to perform any of its obligations under the Secured Instruments or (iii) the rights of or benefits available to the Secured Parties under the Secured Instruments or (b) a material
impairment of a material portion of the Collateral or of any Lien on any material portion of the Collateral in favor of or for the benefit of the Collateral Trustee or the priority of such Liens. 

“Notice of Acceleration” shall have the meaning given to that term in the Collateral Trust Agreement. 

“Other Collateral” means any property of the Grantors, not included within the defined terms Accounts, Chattel Paper,
Commercial Tort Claims, Copyrights, Deposit Accounts, Documents, Equipment, Fixtures, Farm Products, General Intangibles, Goods, Instruments, Inventory, Investment Property, Letter-of-Credit Rights, Licenses, Patents, Pledged Deposits, Receivables,
Supporting Obligations and Trademarks, including, without limitation, all cash on hand, letters of credit, Stock Rights or any other deposits (general or special, time or demand, provisional or final) with any bank or other financial institution, it
being intended that the Other Collateral (and the Collateral) include all real and personal property of the Grantors; provided, that, notwithstanding the foregoing, Other Collateral shall exclude the Excluded Property. 

“Patents” means, with respect to any Person, all of such Person’s right, title, and interest in and to:
(a) any and all patents and patent applications; (b) all inventions and improvements described and claimed therein; (c) all reissues, divisions, continuations, renewals, extensions, and continuations-in-part thereof; (d) all
income, royalties, damages, claims, and payments now or hereafter due or payable under and with respect thereto, including, without limitation, damages and payments for past and future infringements thereof; (e) all rights to sue for past,
present, and future infringements thereof; and (f) all rights corresponding to any of the foregoing throughout the world. 

“Pension Fund Documents” has the meaning given such term in the Intercreditor Agreement. 

“Pledged Deposits” means all time deposits of money (other than Deposit Accounts and Instruments), whether or not
evidenced by certificates, which a Grantor may from time to time designate as pledged to the Collateral Trustee or to any holder of Secured Obligations as security for any Secured Obligations, and all rights to receive interest on said deposits;
provided, that, notwithstanding the foregoing, Pledged Deposits shall exclude the Excluded Property. 

“Qualified Receivables Financing Assets” means all accounts receivable (including, without limitation, all rights to
payment created by or arising from sales of goods, leases of goods or the rendition of services rendered no matter how evidenced whether or not earned by performance) (whether now existing or arising in the future) of the Company or any of its
Subsidiaries which are transferred and sold 

  
 6 

 
to a Receivables Subsidiary (as defined in the New Money Note Indenture) in connection with a Qualified Receivables Financing (as defined in the New Money Note Indenture). The ABL Receivables
Assets securing the receivables facility evidenced by the ABL Credit Agreement as in effect on the date hereof shall be deemed to be Qualified Receivables Financing Assets. 
 “Receivables” means the Accounts, Chattel Paper, Documents, Investment Property, Instruments or Pledged Deposits, and any other rights or claims to receive money which are General
Intangibles or which are otherwise included as Collateral. 
 “Related Qualified Receivables Financing Assets”
means any other assets that are customarily transferred and sold in connection with asset securitization transactions involving receivables similar to those described in the definition of Qualified Receivables Financing Assets and any collections or
proceeds of any of the foregoing. The assets subject to the receivables facility evidenced by the ABL Credit Agreement constitute Related Qualified Receivables Financing Assets. 

“Rolling Stock” means any railroad car, locomotive, stacktrain or other rolling stock, or accessories used on such
railroad cars, locomotives or other rolling stock (including superstructures and racks); provided that, Rolling Stock shall exclude Tractor Trailers. 
 “Section” means a numbered section of this Security Agreement, unless another document is specifically referenced. 

“Security” shall have the meaning set forth in Article 8 of the UCC. 

“Securities Account” has the meaning set forth in Article 8 of the UCC. 

“Securities Account Control Agreement” means an agreement among any Grantor, a securities intermediary with which any
Grantor maintains a Securities Account, the Collateral Trustee and the Bank Group Representative, if any, with respect to collection and Control of all assets held in such Securities Account maintained by such Grantor with such securities
intermediary. 
 “Stock Rights” means any securities, dividends, instruments or other distributions and any
other right or property which any Grantor shall receive or shall become entitled to receive for any reason whatsoever with respect to, in substitution for or in exchange for any securities or other ownership interests in a corporation, partnership,
joint venture or limited liability company constituting Collateral and any securities, any right to receive securities and any right to receive earnings, in which any Grantor now has or hereafter acquires any right, issued by an issuer of such
securities; provided, that, notwithstanding the foregoing, Stock Rights shall exclude the Excluded Property. 

“Supporting Obligation” shall have the meaning set forth in Article 9 of the UCC. 

“Tractor Trailers” shall mean any vehicle, truck, tractor, trailer, tank trailer or other trailer, or similar vehicle or
trailer. 
 “Trademarks” means, with respect to any Person, all of such Person’s right, title, and
interest in and to the following: (a) all trademarks (including service marks), trade names, trade dress, and trade styles and the registrations and applications for registration thereof and the goodwill of the business symbolized by the
foregoing; (b) all licenses of the foregoing, whether as licensee or licensor; (c) all renewals of the foregoing; (d) all income, royalties, damages, and payments now or hereafter due or payable with respect thereto, including,
without limitation, damages, claims, and payments for past and future infringements thereof; (e) all rights to sue for past, present, and future infringements of the foregoing, including the right to settle suits involving claims and demands
for royalties owing; and (f) all rights corresponding to any of the foregoing throughout the world. 

  
 7 

 “Vehicle Title Custodial Agreement” has the meaning given such term in the
Indentures. 
 Unless the context otherwise requires (a) words in the singular include the plural, and words in the plural
include the singular, (b) “or” is not exclusive, (c) “including” means including, without limitation, and (d) the words “herein,” “hereof” and “hereunder” refer to this Security
Agreement as a whole and not to any particular article or section hereof. Any reference to any party to a Secured Instrument shall include, to the extent permitted under the applicable Secured Instrument, such party’s successors and assigns.

 ARTICLE II 
 GRANT OF SECURITY INTEREST 
 Each Grantor hereby pledges, collaterally assigns and
grants to the Collateral Trustee, on behalf of and for the benefit of the Secured Parties, a security interest in all of such Grantor’s right, title and interest, whether now owned or hereafter acquired, in and to the Collateral to secure the
prompt and complete payment and performance when due of the Secured Obligations. For the avoidance of doubt, the grant of a security interest herein shall not be deemed to be an assignment of intellectual property rights owned by the Grantors.

 ARTICLE III 
 REPRESENTATIONS AND WARRANTIES 
 Each of the Initial Grantors represents and
warrants to the Collateral Trustee, and each Grantor that becomes a party to this Security Agreement pursuant to the execution of a Security Agreement Supplement in substantially the form of Annex I (a “Security Agreement
Supplement”) represents and warrants (after giving effect to supplements to each of the Exhibits hereto with respect to such subsequent Grantor as attached to such Security Agreement Supplement and as otherwise necessitated or required),
that, with respect to such Grantor: 
 3.1. Title, Authorization, Validity and Enforceability. Such Grantor has good and
valid title to or rights in or the power to transfer the Collateral material to its business with respect to which it has purported to grant a security interest hereunder, free and clear of all Liens except for Liens permitted under
Section 4.1.6 hereof, and has the corporate or equivalent power and authority to execute and deliver this Security Agreement, to perform its obligations hereunder and to grant to the Collateral Trustee the security interest in such
Collateral pursuant hereto. The execution and delivery by such Grantor of this Security Agreement and the performance of its obligations hereunder have been duly authorized by proper corporate, partnership, limited partnership or limited liability
company proceedings, and this Security Agreement constitutes a legal, valid and binding obligation of such Grantor and creates a security interest which is enforceable against such Grantor in all of such Grantor’s Collateral, in accordance with
its terms except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to the enforcement of creditors’ rights generally and subject to general principles of equity regardless of whether
considered in a proceeding in equity or at law. When appropriate financing statements designating such Grantor as “debtor” therein and Collateral Trustee as “secured party” therein have been properly completed and filed in the
appropriate governmental offices designated for such Grantor in Exhibit “E”, the Collateral Trustee will have a valid and perfected second priority or third priority (only with respect to Collateral as to which the Bank Group
Representative has a second priority lien on such Collateral) security interest in such Grantor’s Collateral in which a security interest may be perfected by filing of a financing statement under the UCC, in each case subject only to Liens
permitted under Section 4.1.6 hereof. 

  
 8 

 3.2. Conflicting Laws and Contracts. None of the execution and delivery by such
Grantor of this Security Agreement, the creation and perfection of the security interest in such Grantor’s Collateral granted hereunder, nor the consummation of the transactions herein contemplated, nor compliance with the provisions hereof
will (i) violate any law, rule, regulation, order, writ, judgment, injunction, decree or award binding on such Grantor or any of its subsidiaries or (ii) violate such Grantor’s articles or certificate of incorporation, partnership
agreement, certificate of partnership, articles or certificate of organization, by-laws, or operating or other management agreement, as the case may be, or (iii) violate or constitute a default under the provisions of any indenture, material
instrument or material agreement to which such Grantor or any of its subsidiaries is a party or is subject, or by which it, or its property, is bound, or (iv) result in, or require, the creation or imposition of any Lien in, of or on the
property of such Grantor or a subsidiary thereof pursuant to the terms of any such indenture, material instrument or material agreement (other than any Lien of the Collateral Trustee on behalf of the Secured Parties), except in the case of clause
(i) at any time after the date hereof, to the extent such violations could not reasonably be expected to have a Material Adverse Effect. No order, consent, adjudication, approval, license, authorization, or validation of, or filing, recording
or registration with, or exemption by, or other action in respect of any governmental or public body or authority, or any subdivision thereof, which has not been obtained by such Grantor or any of its subsidiaries, is required to be obtained by it
or any of its subsidiaries in connection with the execution and delivery of this Security Agreement or the performance by it of its obligations hereunder or the legality, validity, binding effect or enforceability of this Security Agreement, except
(i) filings, recordings or registrations with the appropriate governmental authorities required to perfect the security interests granted hereunder and (ii) to the extent failure to do so could not reasonably be expected to have a Material
Adverse Effect. 
 3.3. Principal Location. As of the date such Person becomes a Grantor hereunder, such Grantor’s
mailing address and the location of its place of business (if it has only one) or its chief executive office (if it has more than one place of business), is disclosed in Exhibit “A”. 

 

	3.4.	Property Locations and Real Property. 

 3.4.1 As of the date hereof (and upon the date of delivery by the Company of each update of Exhibit “A” pursuant to the terms of this Security Agreement including, without limitation,
Section 4.14 hereof), the Inventory and Equipment of each Grantor included in the Collateral (other than any such Collateral with a net book value in an aggregate amount not to exceed $500,000 or any of same which is in transit, subject
to being repaired or in use in the ordinary course of business) are located solely at (a) the locations owned by such Grantor described in Part A of Exhibit “A”, (b) the locations leased by such Grantor as lessee and
designated in Part B of Exhibit “A”, or (c) in respect of such Inventory, a public warehouse or otherwise held by a bailee or on consignment by such Grantor as designated in Part C of Exhibit “A”, with
respect to which such Inventory such Grantor has delivered bailment agreements, warehouse receipts, financing statements or other documents necessary to protect the Collateral Trustee’s security interest in such Inventory. 

3.4.2 As of the date hereof (and upon the date of delivery by the Company of each update of Exhibit “A”
pursuant to the terms of this Security Agreement including, without limitation, Section 4.14 hereof), the Fixtures of each Grantor included in the Collateral (other than any such Collateral with a net book value in an aggregate amount
not to exceed $500,000 or any of same otherwise covered by other Secured Instruments) are located solely at (a) the locations owned by such Grantor described in Part A of Exhibit “A” and (b) the locations leased by
such Grantor as lessee and designated in Part B of Exhibit “A”. 

  
 9 

 3.4.3 Part D of Exhibit A sets forth all real property
owned or leased by Grantors as of the date hereof. As of the date hereof, the applicable Grantor has executed and delivered to the Collateral Trustee a Mortgage (as defined in the Indentures) in form ready for recordation in the appropriate land
records with respect to each owned real property set forth in Part D of Exhibit A. With respect to each Mortgage executed and delivered to the Collateral Trustee on or before the date hereof, the applicable Grantor has also executed
and delivered (a) to the title insurance company issuing mortgagee policies with respect to the Mortgages with respect to which surveys were prepared in 2009 affidavits stating, if accurate, that there have been no changes made to such
properties that would affect the accuracy of such surveys; (b) to the Collateral Trustee commitments (collectively, the “Commitments”) for the issuance of a standard American Land Title Association mortgagee title insurance policy
insuring the priority of the liens created by the Mortgages to be recorded with respect to each real property in an amount equal to the fair market value listed for such real property on Part D of Exhibit “A” attached hereto
(collectively, the “Real Property”), subject only to those exceptions as are reasonably acceptable to the Bank Group Representative, and with such endorsements as the Bank Group Representative shall reasonably require taking into account
that the Company shall not be required to obtain new surveys or furnish zoning opinions to the title insurance company, with it expressly understood and agreed that the foregoing exceptions and endorsements shall be the same as those for the senior
priority Mortgages granted to the Bank Group Representative except to the extent necessary to evidence the junior priority of the Mortgages; and (c) to the Collateral Trustee an opinion of counsel reasonably acceptable to the Bank Group
Representative (and expected to be counsel to the Bank Group Representative), such opinion to be substantially similar to the opinion delivered by such counsel to the Bank Group Representative with respect to each such Mortgage including, without
limitation, enforceability thereof and perfection of the Collateral Trustee’s Lien on the Real Property Collateral specified therein. It shall be the responsibility of the Company to assure that the Mortgages of each applicable Grantor with
respect to its owned Real Property are recorded on the date hereof in the appropriate land records as necessary to perfect the Lien thereof, provided that if recordation on the date hereof is not possible with respect to one or more Mortgages
because of circumstances beyond the Company’s reasonable control, so long as the Company is diligently and continuously taking steps to cause such recordation to occur, the Company shall not be deemed in default hereunder if such Mortgages are
so recorded within forty-five (45) days after the date hereof. The Company shall deliver to the Collateral Trustee the original title insurance policies issued pursuant to and in accordance with the Commitments not later than forty-five
(45) days after the date hereof. The Collateral Trustee shall have no obligation to record or monitor the recording of any such Mortgages. 
 3.5. No Other Names; Etc. Within the five-year period ending as of the date such Person becomes a Grantor hereunder, such Grantor has not conducted business under any name, changed its jurisdiction
of formation, merged with or into or consolidated with any other Person, except as disclosed in Exhibit “A”. The name in which such Grantor has executed this Security Agreement is the exact name as it appears in such Grantor’s
organizational documents, as amended, as filed with such Grantor’s jurisdiction of organization as of the date such Person becomes a Grantor hereunder. 
 3.6. [RESERVED] 

  
 10 

 3.7. Accounts and Chattel Paper. The names of the obligors, amounts owing, due dates
and other information with respect to the Accounts and Chattel Paper owned by such Grantor which are included in the Collateral are correctly stated in all material respects in all applicable records of such Grantor relating thereto and in all
invoices and reports with respect thereto furnished to the Collateral Trustee by such Grantor from time to time. As of the time when each such Account or each item of such Chattel Paper arises, such Grantor shall be deemed to have represented and
warranted that such Account or Chattel Paper, as the case may be, and all such records relating thereto, are genuine and in all material respects what they purport to be. 
 3.8. Filing Requirements. 
 3.8.1 As of the date hereof (and
upon the date of delivery by the Company of each update of Exhibit “B” pursuant to the terms of this Security Agreement including, without limitation, Section 4.14 hereof), none of the Equipment (including, without
limitation, all Tractor Trailers) owned by such Grantor, which is included in the Collateral, is covered by any certificate of title, except for the vehicles described in Part A of Exhibit “B” and none of the Collateral owned by
such Grantor is of a type for which security interests or liens may be perfected by filing under any federal statute except for (a) the aircraft/engines, ships, vessels, railcars and other similar equipment (including, without limitation, all
Rolling Stock) described in Part B of Exhibit “B”, (b) Patents, Trademarks and Copyrights held by such Grantor which are included in the Collateral and described in Part C of Exhibit “B” and (c) the other
property included in the Collateral which is described in Part D of Exhibit “B”. 
 3.8.2 As of
the date hereof (and upon the date of delivery by the Company of each update of Exhibit “C” pursuant to the terms of this Security Agreement including, without limitation, Section 4.14 hereof), the legal description,
county and street address of the property on which any Fixtures owned by such Grantor, which are included in the Collateral and not otherwise covered by another Secured Instrument, are located are set forth in Exhibit “C”, together
with the name and address of the record owner of each such property. 
 3.9. No Financing Statements; Security Agreements;
Mortgages. No financing statement, security agreement or mortgage describing all or any portion of the Collateral which has not lapsed or been terminated naming such Grantor as debtor has been filed or is of record in any jurisdiction except
financing statements, security agreements and mortgages (a) naming the Collateral Trustee on behalf of the Secured Parties as the secured party or (b) in respect of Liens specifically permitted by the respective Indentures;
provided, that, nothing herein shall be deemed to constitute an agreement to subordinate any of the Liens of the Collateral Trustee under the Secured Instruments to any Liens otherwise specifically permitted under the respective
Indentures. 
 3.10. Federal Employer Identification Number; State Organization Number; Jurisdiction of Organization. As
of the date such Person becomes a Grantor hereunder, such Grantor’s federal employer identification number is, and if such Grantor is a registered organization, such Grantor’s State of organization, type of organization and State of
organization identification number are listed in Exhibit “G”. 
 3.11. Pledged Securities, Instruments
and Other Investment Property; Subsidiaries. Exhibit “D” that initially is delivered in connection with the original execution and delivery of this Security Agreement (as well as each update of Exhibit “D”
pursuant to the terms of this Security Agreement including, without limitation, Section 4.14 hereof) sets forth a complete and accurate list of the Instruments, Securities and other Investment Property constituting Collateral which were
delivered to the 

  
 11 

 
Collateral Trustee, or its agent for perfection pursuant to Section 8.21.2 hereof and a list of all of the Company’s Subsidiaries, the jurisdiction of organization or
incorporation of each such Subsidiary and the holders of all Equity Interests of each such Subsidiary, as of the date hereof. Each Grantor is the direct and beneficial owner of each Instrument, Security and other type of Investment Property listed
in Exhibit “D” as being owned by it, free and clear of any Liens, except for the security interest granted to the Collateral Trustee hereunder or as specifically permitted by the respective Indentures. Each Grantor further
represents and warrants that (a) all such Instruments, Securities or other types of Investment Property owned by it which are shares of stock in a corporation or ownership interests in a partnership or limited liability company and which are
included in the Collateral have been (to the extent such concepts are relevant with respect to such Instrument, Security or other type of Investment Property) duly authorized and validly issued, are fully paid and, to the extent applicable,
non-assessable and constitute, as of the date hereof, the percentage of the issued and outstanding shares of stock (or other Equity Interests) of the respective issuers thereof indicated in Exhibit “D” hereto and (b) with
respect to any certificates delivered to the Collateral Trustee representing an ownership interest in a partnership or limited liability company, such certificates are Securities as defined in Article 8 of the UCC of the applicable jurisdiction as a
result of actions by the issuer or otherwise, or, if such certificates are not Securities, such Grantor has so informed the Collateral Trustee so that the Collateral Trustee may (but has no obligation to) take steps to perfect its security interest
therein as a General Intangible and (iii) to the extent requested by the Collateral Trustee, all such Instruments, Securities or other types of Investment Property owned by it which are shares of stock in a corporation or ownership interests in
a partnership or limited liability company and which are included in the Collateral held by a securities intermediary is covered by a Securities Account Control Agreement pursuant to which the Collateral Trustee has Control. 

3.12. Intellectual Property. As of the date hereof (and upon the date of delivery by the Company of each update of Exhibit
“B” pursuant to the terms of this Security Agreement including, without limitation, Section 4.14 hereof): 
 3.12.1 Part C of Exhibit “B” contains a complete and accurate listing of all Intellectual Property for which a registration has issued to, an application for registration has been
filed by, a patent has issued to, or an application for patent has been filed by, such Grantor and which are included in the Collateral, including to the extent applicable, but not limited to the following: (a) state, U.S. and foreign trademark
registrations and applications for trademark registration owned by such Grantor, (b) U.S. and foreign patents and patents applications, together with all reissuances, continuations, continuations in part, revisions, extensions, and
reexaminations thereof owned by such Grantor, (c) U.S. and foreign copyright registrations and applications for registration made by such Grantor, (d) foreign industrial design registrations and industrial design applications owned by such
Grantor, (e) domain names owned by such Grantor, (f) proprietary computer software of such Grantor, (g) all forms of Intellectual Property described in clauses (a)-(c) above, to the extent (i) such Grantor has actual
knowledge of information and other relevant facts necessary to make a determination of whether such Intellectual Property is of a form described by any of such clauses and (ii) such Grantor is not restricted in disclosing such information, that
are owned by a third party and licensed to a Grantor, and (i) the name of any Person who has been granted rights in respect thereof outside of the ordinary course of business to any of the Intellectual Property referred to in clauses
(a)-(g) above, to the extent that the disclosure of such name is not restricted. All of such U.S. registrations, applications for registration or applications for issuance of the Intellectual Property of a Grantor are valid and subsisting, in
good standing and are recorded or are in the process of being recorded in the name of the applicable Grantor to the extent material to the business of such Grantor. 

  
 12 

 3.12.2 Intellectual Property owned by such Grantor and included in the
Collateral is valid, subsisting, unexpired (where registered) and enforceable and has not been abandoned or adjudged invalid or unenforceable, in whole or in part, except as could not be reasonably expected to result in a Material Adverse Effect.

 3.12.3 Except as otherwise permitted by the Bank Group Documents, no Person other than such Grantor has any
right or interest of any kind or nature in or to the Intellectual Property owned by such Grantor and included in the Collateral, including any right to sell, license, lease, transfer, distribute, use or otherwise exploit such Intellectual Property
or any portion thereof outside of the ordinary course of the respective Grantor’s business. Such Grantor has good and indefeasible title to, and the valid and enforceable power and right to sell, license, transfer, distribute, use and otherwise
exploit, Intellectual Property owned by such Grantor and included in the Collateral, except where such failure could not reasonably be expected to have a Material Adverse Effect. 

3.12.4 Such Grantor has taken or caused to be taken steps so that none of the Intellectual Property owned by such Grantor
and included in the Collateral, the value of which to such Grantor is contingent upon maintenance of the confidentiality thereof, has been disclosed by such Grantor to any Person other than employees, contractors, customers, representatives and
agents of the Grantors who are parties to customary confidentiality and nondisclosure agreements with such Grantor, except where such disclosures, individually or in the aggregate, could not be reasonably expected to result in a Material Adverse
Effect. 
 3.12.5 To such Grantor’s knowledge, no Person has violated, infringed upon or breached, or is
currently violating, infringing upon or breaching, any of the rights of such Grantor to the Intellectual Property owned by such Grantor and included in the Collateral or has breached or is breaching any duty or obligation owed to such Grantor in
respect of such Intellectual Property, except where those breaches, individually or in the aggregate, could not be reasonably expected to result in a Material Adverse Effect. 

3.12.6 No settlement or consents, covenants not to sue, nonassertion assurances, or releases have been entered into by
such Grantor or to which such Grantor is bound that adversely affects its rights to own or use any Intellectual Property owned by such Grantor and included in the Collateral, except as could not be reasonably expected to result in a Material Adverse
Effect, in each case individually or in the aggregate. 
 3.12.7 Such Grantor has not received any written notice
that remains outstanding challenging the validity, enforceability, or ownership of any Intellectual Property owned by such Grantor and included in the Collateral, except where those challenges could not reasonably be expected to result in a Material
Adverse Effect, and to such Grantor’s knowledge as of the date of delivery of Part C of Exhibit “B” or the date thereafter that such Person becomes a Grantor hereunder, whichever shall later occur, there are no facts upon which
such a challenge could be made. 
 3.12.8 Such Grantor owns directly or is entitled to use, by license or
otherwise, all Intellectual Property necessary for the conduct of such Grantor’s business, and the consummation of the transactions contemplated by this Security Agreement will not result in the termination or material impairment of any such
Intellectual Property owned by such Grantor and included in the Collateral. 

  
 13 

 3.12.9 Such Grantor uses adequate standards of quality in the manufacture,
distribution, and sale of its Inventory and in the provision of services rendered by it under or in connection with all Trademarks owned by such Grantor and included in the Collateral and has taken all commercially reasonable action necessary to
insure that all licensees of the Trademarks owned by such Grantor and included in the Collateral or licensed by such Grantor use such adequate standards of quality, except where the failure to use adequate standards of quality could not reasonably
be expected to result in a Material Adverse Effect. 
 3.12.10 The consummation of the transactions contemplated
by the Secured Instruments will not result in the termination or impairment of any of the Intellectual Property, in any material respect. 
 3.13. Commercial Tort Claims. As of the date hereof (and upon the date of delivery by the Company of each update of Exhibit “F” pursuant to the terms of this Security
Agreement including, without limitation, Section 4.14 hereof), except as set forth in Exhibit “F”, such Grantor owns no Commercial Tort Claims of a value greater than $1,000,000 which have arisen in the course of
such Grantor’s business. 
 3.14. Deposit Accounts and Securities Accounts. As of the date hereof, (and upon the
date of delivery of each update of Exhibit H pursuant to the terms of this Security Agreement including, without limitation, Section 4.14 hereof), all of such Grantor’s Deposit Accounts and Securities Accounts and the
respective approximate account balances are listed on Exhibit “H”. 
 3.15. Recourse. This Security
Agreement is made with full recourse to each Grantor and pursuant to and upon all the representations, warranties, covenants and agreements on the part of such Grantor contained herein and in the other Secured Instruments. 

3.16. Rolling Stock. As of the date hereof, neither the Company nor any Subsidiary owns any Rolling Stock. 

ARTICLE IV 

COVENANTS 
 From
the date of this Security Agreement and thereafter until this Security Agreement is terminated in whole or in part as to any Grantor, each of the Initial Grantors agrees, and from and after the effective date of any Security Agreement Supplement
applicable to any Grantor (and after giving effect to supplements to each of the Exhibits hereto with respect to such subsequent Grantor as attached to such Security Agreement Supplement or otherwise hereto), each such subsequent Grantor agrees,
with respect to itself: 
 4.1. General. 

4.1.1 Inspection. Such Grantor will permit the Collateral Trustee, by its representatives and agents, upon
reasonable prior notice, (i) to inspect the Collateral, (ii) to examine and make copies of the records of such Grantor relating to the Collateral and (iii) to discuss the Collateral and the related records of such Grantor with, and to
be advised as to the same by, such Grantor’s officers and employees (and, in the case of any Receivable included in the Collateral and upon prior notice to the Company, with any Person which is or may be obligated thereon), all at such
reasonable times and as often as reasonably requested; and, all such examinations and inspections, other than the first such 

  
 14 

 
examination or inspection occurring during any calendar year or any examination or inspection occurring during the continuance of an Event of Default, shall be at the Secured Parties (other than
the Collateral Trustee and the Primary Holder Representatives) direction and expense, and all other such examinations and expenses shall be at such Grantor’s expense; provided, however, such permission shall be subject to
confidentiality restrictions imposed on such Grantor by Persons other than Grantor or its Affiliates and safety requirements and restrictions attendant to the respective Collateral. 

4.1.2 Taxes. Such Grantor will pay when due all taxes, assessments and governmental charges and levies upon the
Collateral owned by such Grantor that, if not paid, could result in a Material Adverse Effect before the same shall become delinquent or in default, except where (a) the validity or amount thereof is being contested in good faith by appropriate
proceedings, (b) such Grantor has set aside on its books adequate reserves with respect thereto in accordance with GAAP and (c) the failure to make payment pending such contest could not reasonably be expected to result in a Material
Adverse Effect. 
 4.1.3 Records and Reports. Each Grantor shall keep and maintain complete, accurate and
proper books and records in all material respects with respect to the Collateral owned by such Grantor, and furnish to the Collateral Trustee, with sufficient copies for each of the Secured Parties, such reports relating to the Collateral as the
Collateral Trustee shall from time to time reasonably request. 
 4.1.4 Financing Statements and Other
Actions; Defense of Title. Each Grantor hereby authorizes the Collateral Trustee to file, and if requested such Grantor will execute and deliver to the Collateral Trustee, all financing statements describing the Collateral owned by such Grantor
and other documents and take such other actions as may be required and from time to time reasonably be requested by the Collateral Trustee in order to maintain a second priority or third priority (only with respect to Collateral as to which the Bank
Group Representative has a second priority Lien on such Collateral), perfected security interest in and, if applicable, Control of, the Collateral owned by such Grantor, subject to Liens specifically permitted under the respective Indentures,
provided, that, nothing herein shall be deemed to constitute an agreement to subordinate any of the Liens of the Collateral Trustee under the Secured Instruments to any Liens otherwise specifically permitted under the respective
Indentures. Such financing statements may describe the Collateral in the same manner as described herein or may contain an indication or description of collateral that describes such property in any other manner as necessary to ensure the perfection
of the security interest in the Collateral granted to the Collateral Trustee herein, including, without limitation, describing such property as “all assets” or “all personal property and other assets, whether now owned or existing or
hereafter acquired or arising, together with all products and proceeds thereof, substitutions and replacements therefor, and additions and accessions thereto.” 

Within six months after the date hereof, all filings, registrations and recordings necessary or appropriate to perfect the
security interest granted to the Collateral Trustee in the Tractor Trailers listed in Part A of Exhibit “B” and initially covered by this Security Agreement shall be made by the Grantors in order to perfect such security
interests under applicable law; provided that the Company shall have an additional thirty days to perfect the security interest in any Tractor Trailers with a net book value in an aggregate amount not to exceed $500,000. The Collateral
Trustee shall have no obligation to make or monitor any such filings, registrations or recordings. Each Grantor 

  
 15 

 
agrees to promptly execute all documentation reasonably required to effect the foregoing and all future recordations relating to the perfection of security interests in Tractor Trailers now owned
or hereafter acquired and to cause the filing of relevant certificates of title with the appropriate state governmental agency Each Grantor will, at its own expense, promptly make, execute, endorse, acknowledge, file and/or deliver to the
Collateral Trustee (or, to the extent required by the Vehicle Title Custodial Agreement, the custodial administrator thereunder) from time to time upon its request such lists, descriptions and designations of its then owned Tractor Trailers
(including certificate of title numbers and jurisdictions of registration of each such Tractor Trailer), documents of title, schedules, confirmatory assignments, conveyances, financing statements, transfer endorsements, powers of attorney,
certificates, reports and other assurances or instruments and take such further steps and actions relating to such Tractor Trailers and other property or rights covered by the security interest hereby granted necessary to perfect, preserve or
protect its security interest in such Tractor Trailers and other property or rights. 
 Each Grantor will
take any and all actions necessary to defend, in all material respects, title to the Collateral owned by such Grantor against all Persons and to defend the security interest of the Collateral Trustee in such Collateral and the priority thereof
against any Lien not expressly permitted hereunder. 
 4.1.5 Disposition of Collateral. No Grantor will
make an Asset Sale (as defined in the New Money Note Indenture), with respect to Collateral owned by such Grantor except (a) Asset Sales specifically permitted (or not prohibited) pursuant to the respective Indentures, (b) subject to the
terms, conditions and provisions of the Intercreditor Agreement, until such time following the occurrence of an Event of Default as such Grantor receives a written notice from the Collateral Trustee instructing such Grantor to cease such
transactions, and so long thereafter as such Event of Default shall remain uncured or unwaived, sales or leases of Inventory or Equipment, which are included in the Collateral, in the ordinary course of business, and (c) subject to the terms,
conditions and provisions of the Intercreditor Agreement, until such time as such Grantor receives a notice from the Collateral Trustee pursuant to Article VII, and so long thereafter as such notice shall remain in effect, proceeds of
Inventory and Accounts, which are included in the Collateral, collected in the ordinary course of business other than payment of its obligations in the ordinary course of its business. 

4.1.6 Liens. No Grantor will create, incur, or permit to exist any Lien on the Collateral owned by such Grantor
except Permitted Liens (as defined under the respective Indentures), provided, that, nothing herein shall be deemed to constitute an agreement to subordinate any of the Liens of the Collateral Trustee under the Secured Instruments to
any Liens otherwise specifically permitted under the respective Indentures. 
 4.1.7 Change in Corporate
Existence, Type or Jurisdiction of Organization, Location, Name. Such Grantor will: 
 (i) except as
permitted by Section 4.07 and Article V of the respective Indentures, preserve its existence and corporate structure as in effect on the date hereof; 

(ii) not change its jurisdiction of organization; 

  
 16 

 (iii) not maintain its place of business (if it has only one) or its chief
executive office (if it has more than one place of business) at a location other than a location specified in Exhibit “A”; and 
 (iv) not (a) have any Inventory or Equipment or proceeds or products thereof (other than any such Collateral with a net book value in an aggregate amount not to exceed $500,000 or any of the same
disposed of as permitted by Section 4.1.5) at a location other than a location specified in Exhibit “A” (as Exhibit A may be updated from time to time), except as any of same may be in transit, subject to being
repaired or in use in the ordinary course of business, (b) have any Fixtures or proceeds or products thereof (other than any immaterial quantity or value thereof or any of same otherwise covered by other Secured Instruments) at a location other
than a location specified in Exhibit “A”, (c) change its name or taxpayer identification number or (d) change its mailing address, 
 unless, in each such case, such Grantor shall have given the Collateral Trustee not less than ten (10) days’ prior written notice of such event or occurrence and such Grantor shall have either
(x) certified in writing to the Collateral Trustee, upon which certification the Collateral Trustee shall be entitled to conclusively rely without independent investigation, that such event or occurrence will not adversely affect the validity,
perfection or priority of the Collateral Trustee’s security interest in the Collateral, or (y) taken such steps as are necessary to properly maintain the validity, perfection and priority of the Collateral Trustee’s security interest
in the Collateral owned by such Grantor. 
 4.1.8 Other Financing Statements. No Grantor will permit to
exist or authorize the filing of any financing statement naming it as debtor covering all or any portion of the Collateral owned by such Grantor, except any financing statement authorized or permitted under Section 4.1.4 hereof and any
financing statement filed to perfect a Lien specifically permitted under the respective Indentures; provided, that, nothing herein shall be deemed to constitute an agreement to subordinate any of the Liens of the Collateral Trustee
under the Secured Instruments to any Liens otherwise specifically permitted under the respective Indentures. 

4.1.9 Restriction Regarding Tractor Trailers. After the date hereof, no Grantor shall title any Tractor Trailers in
the States of Minnesota, Utah, Oklahoma, Nevada, Hawaii or Alaska; provided, however, that the applicable Grantor(s) shall not be subject to the restriction in this Section 4.1.9 as to one or more of the foregoing States provided that all
Vehicle Collateral (as defined in the Security and Collateral Agency Agreement) with respect to such State or States shall become “Vehicle Collateral” subject to the Security and Collateral Agency Agreement and the security interest
granted in such additional Vehicle Collateral under such Security and Collateral Agency Agreement shall be a first priority perfected security interest and; provided further, that the applicable Grantors shall execute and deliver such
amendments, supplements, agreements and other documents, file such financing statements and take such other action as shall be required under both the applicable Convertible Note Documents and the Bank Group Documents to effect the foregoing.

 4.2. Receivables. 
 4.2.1 Certain Agreements on Receivables. Until such time following the occurrence of an Event of Default and so long thereafter that such Event of Default

  
 17 

 
remains uncured or unwaived, no Grantor will make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable included in the Collateral or
accept in satisfaction of a Receivable included in the Collateral less than the original amount thereof, other than in accordance or consistent with the existing customer agreements entered into in the ordinary course of business and consistent with
past business practice of such Grantor. Until such time following the occurrence and continuation of an Event of Default, such Grantor may reduce or otherwise adjust the amount of Accounts arising from the sale of Inventory included in the
Collateral or the rendering of services in accordance with its present policies and in the ordinary course of business and as otherwise not prohibited under the Bank Group Documents or the Indentures. 

4.2.2 Collection of Receivables. Except as otherwise provided in this Security Agreement, such Grantor will collect
and enforce, at such Grantor’s sole expense, all amounts due or hereafter due to such Grantor under the Receivables included in the Collateral which are owned by such Grantor. 

4.2.3 Delivery of Invoices. Such Grantor will deliver to the Collateral Trustee promptly following receipt of its
request while a Notice of Acceleration is in effect, duplicate invoices with respect to each Account included in the Collateral which is owned by such Grantor bearing such language of collateral assignment as the Collateral Trustee shall reasonably
specify, which language shall be effective only when a Notice of Acceleration is in effect. 
 4.2.4
Disclosure of Counterclaims on Receivables. If (a) any discount, credit or agreement to make a rebate or to otherwise reduce the amount owing on a Receivable included in the Collateral which is owned by such Grantor is made other than in
the ordinary course of business of such Grantor or (b) if, to the knowledge of such Grantor, any dispute, setoff, claim, counterclaim or defense exists or has been asserted or threatened with respect to such Receivable, and in either case, the
amount of such Receivable exceeds $500,000, then such Grantor will disclose such fact to the Collateral Trustee in writing during inspection by the Collateral Trustee of any record of such Grantor relating to such Receivable and, without
duplication, in connection with any invoice or report furnished by such Grantor to the Collateral Trustee relating to such Receivable. 
 4.3. Maintenance of Equipment. Such Grantor will do all things necessary to maintain, preserve, protect and keep the Equipment included in the Collateral which is owned by such Grantor in good
repair, working order and saleable condition (ordinary wear and tear, casualty and condemnation excepted) and make all necessary and proper repairs, renewals and replacements so that its business carried on in connection therewith may be properly
conducted at all times, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 
 4.4. Instruments, Securities, Chattel Paper, Documents and Pledged Deposits. Such Grantor will: (i) deliver to the Collateral Trustee (or, if applicable, its agent for perfection pursuant to
Section 8.21.2 hereof) immediately upon execution of this Security Agreement the originals of all Chattel Paper, Securities (to the extent certificated) and Instruments constituting Collateral (if any then exist), (ii) hold in trust
for the Collateral Trustee upon receipt and immediately thereafter deliver to the Collateral Trustee (or, if applicable, its agent for perfection pursuant to Section 8.21.2 hereof) any Chattel Paper, Securities and Instruments
constituting Collateral, (iii) promptly upon the designation of any Pledged Deposits (as set forth in the definition thereof), deliver to the Collateral Trustee (or, if applicable, its agent for perfection pursuant to Section 8.21.2
hereof) such Pledged Deposits which are evidenced by 

  
 18 

 
certificates included in the Collateral endorsed in blank, marked with such legends and collaterally assigned as the Collateral Trustee (or, if applicable, its agent for perfection pursuant to
Section 8.21.2 hereof) shall reasonably specify, and (iv) upon the Collateral Trustee’s request, after the occurrence and during the continuance of an Event of Default, deliver to the Collateral Trustee or, if applicable, its
agent for perfection (and thereafter hold in trust for the Collateral Trustee upon receipt and immediately deliver to the Collateral Trustee or, if applicable, its agent for perfection) any Document evidencing or constituting Collateral. 

4.5. Uncertificated Securities, Certain Other Investment Property and Securities Accounts. Such Grantor will permit the Collateral
Trustee from time to time to cause the appropriate issuers (and, if held with a securities intermediary, such securities intermediary) of uncertificated securities or other types of Investment Property not represented by certificates which are
Collateral owned by such Grantor to mark their books and records with the numbers and face amounts of all such uncertificated securities or other types of Investment Property not represented by certificates and all rollovers and replacements
therefor to reflect the Lien of the Collateral Trustee granted pursuant to this Security Agreement. On the date hereof, each Grantor shall execute and deliver a Securities Account Control Agreement for each Securities Account listed on
Exhibit H (other than any Securities Account with a balance not exceeding $20,000 but subject to the cap on aggregate balances set forth in Section 4.7 hereof). Subject to the exception set forth in the preceding sentence and
the cap in Section 4.7, all Securities Accounts of any Grantor established and maintained with a securities intermediary will be subject to a Securities Account Control Agreement with the Collateral Trustee in order to establish Control
of such Securities Account. 
 4.6. Stock and Other Ownership Interests. 

4.6.1 Changes in Capital Structure of Issuers. No Grantor will (a) except as permitted in the Indentures,
permit or suffer any issuer of privately held corporate securities or other ownership interests in a corporation, partnership, joint venture or limited liability company which in each case is included in the Collateral and owned by such Grantor to
dissolve, liquidate, retire any of its capital stock or other Instruments or Securities included in the Collateral and evidencing ownership, reduce its capital or merge or consolidate with any other entity, or (b) vote any of such Instruments,
Securities or other Investment Property included in the Collateral in favor of any of the foregoing. 
 4.6.2
Registration of Pledged Securities and other Investment Property. Such Grantor will permit any registrable Investment Property that is included in the Collateral and owned by such Grantor to be registered in the name of the Collateral Trustee
or its nominee (or, if applicable, its agent for perfection pursuant to Section 8.21.2 hereof) at any time when a Notice of Acceleration is in effect without any further consent of such Grantor. 

4.6.3 Exercise of Rights in Pledged Securities and other Investment Property. Such Grantor will permit the
Collateral Trustee or its nominee (or, if applicable, its agent for perfection pursuant to Section 8.21.2 hereof) at any time when a Notice of Acceleration is in effect, with prior notice to such Grantor, to exercise or refrain from
exercising any and all voting and other consensual rights pertaining to Investment Property that is included in the Collateral and owned by such Grantor or any part thereof, and to receive all dividends and interest in respect of such Collateral.

 4.7. Deposit Accounts. Other than cash and Cash Equivalents held in Deposit Accounts constituting Excluded Property or
any Deposit Account or Securities Account with a balance not exceeding $20,000 (provided that the aggregate balances in all such Deposit Accounts and Securities Accounts shall not at any time exceed $600,000 except as permitted in the next
succeeding sentence), the 

  
 19 

 
Company and other Grantors shall hold all cash and Cash Equivalents in Deposit Accounts subject to Deposit Account Control Agreements or in Securities Accounts subject to Securities Account
Control Agreements. Within 30 days after the date hereof, the applicable Grantors shall cause all Deposit Accounts with Wells Fargo Bank, National Association and The Royal Bank of Canada representing aggregate balances in excess of the $600,000 cap
referred to above to be subject to Deposit Account Control Agreements or closed, such 30-day period to be subject to a reasonable extension within the discretion of the Bank Group Representative. Before opening or replacing any Deposit Account
(other than Excluded Property as otherwise permitted in this Section 4.7), each Grantor shall cause the applicable bank or financial institution to enter into a Deposit Account Control Agreement with the Collateral Trustee in order to
establish Control of such Deposit Account. Such Grantor will promptly (or within any extended time period as may be permitted pursuant to the comparable Bank Group Document) cause each bank or other financial institution in which it maintains other
deposits (general or special, time or demand, provisional or final) to be notified of the security interest granted to the Collateral Trustee hereunder and cause each such bank or other financial institution to acknowledge such notification in
writing and upon the Collateral Trustee’s written request after the occurrence and during the continuance of an Event of Default, deliver to each such bank or other financial institution a letter, in form and substance acceptable to the
Collateral Trustee, transferring dominion and control over each such other deposit to the Collateral Trustee (or, if applicable, its agent for perfection pursuant to Section 8.21.2 hereof) until such time as such Event of Default no
longer exists. Notwithstanding the foregoing, the provisions of this Section 4.7 shall not apply to any Deposit Account, other deposit or any other property that constitutes “Excluded Property”, including, without limitation,
the deposit accounts referred to in clause (c) of such definition. 
 4.8. Letter-of-Credit Rights. If such Grantor
is or becomes the beneficiary of a letter of credit and pursuant to the provisions of the Bank Group Documents such Grantor is required to assign payments thereunder to the Bank Group Representative, then such Grantor shall promptly notify the
Collateral Trustee thereof that such Grantor has become a beneficiary of such letter of credit and enter into a tri-party agreement with the Collateral Trustee (or its agent or designee) and the issuer and/or confirmation bank with respect to
Letter-of-Credit Rights (as that term is defined in the UCC) assigning such Letter-of-Credit Rights to the Collateral Trustee (or its agent or designee). 
 4.9. Federal, State or Municipal Claims. Such Grantor will notify the Collateral Trustee in writing no later than the date it is required to notify the Bank Group Representative pursuant to the
provisions of the Bank Group Documents (as such date may be extended in accordance with the terms thereof), of any Collateral owned by such Grantor which constitutes a claim against the United States government or any state or local government or
any instrumentality or agency thereof, the assignment of which claim is restricted by federal, state or municipal law. 
 4.10.
Intellectual Property. 
 4.10.1 If any Grantor obtains rights to, including, but not limited to filing
and acceptance of a statement of use or an amendment to allege use with the U.S. Patent and Trademark Office, or applies for or seeks registration of, any new patentable invention, Trademark or Copyright in addition to the Patents, Trademarks and
Copyrights described in Part C of Exhibit “B”, which is not Excluded Property, then such Grantor shall give the Collateral Trustee notice thereof in writing no later than the date it is required to notify the Bank Group
Representative pursuant to the provisions of the Bank Group Documents (as such date may be extended in accordance with the terms thereof). Such Grantor agrees promptly to execute and deliver to the Collateral Trustee any supplement to this Security
Agreement or any other document reasonably necessary to evidence such security interest in a form appropriate for recording in the applicable federal office. Such Grantor also hereby authorizes the Collateral Trustee to modify (but the Collateral

  
 20 

 
Trustee shall have no obligation to modify) this Security Agreement unilaterally (i) by amending Part C of Exhibit “B” to include any future Patents, Trademarks and/or
Copyrights of which the Collateral Trustee receives notification from such Grantor pursuant to this Section 4.10.1 and (ii) by recording, in addition to and not in substitution for this Security Agreement, a duplicate original of
this Security Agreement containing in Part C of Exhibit “B” a description of such future Patents, Trademarks and/or Copyrights. 
 4.10.2 As of the date hereof, this Security Agreement is in a form sufficient to create a valid and continuing Lien on each Grantor’s Copyrights, Intellectual Property Licenses, Patents, Trademarks
and Industrial Designs that are included in the Collateral described in Part C of Exhibit “B”, and, based thereon, upon timely filing of this Security Agreement (or a short-form supplemental document confirming the grant of a
security interest in (and providing a detailed schedule of) the relevant Patents, Trademarks or Copyrights, as applicable) with the United States Copyright Office and or the United States Patent and Trademark Office, as applicable, and the filing of
appropriate financing statements in the jurisdictions listed in Exhibit “E” hereto, all action necessary to protect and perfect the security interest in, to and on such Patents, Trademarks, Copyrights or Industrial Designs of each
Grantor has been taken and such perfected security interest is enforceable as such as against any and all creditors of and purchasers from any Grantor. 
 4.11. Pledged Securities and Other Investment Property. If any Grantor obtains any Instruments, Securities or other Investment Property, which in each case is not Excluded Property, then such
Grantor shall give the Collateral Trustee notice thereof in writing no later than the date it is required to notify the Bank Group Representative pursuant to the provisions of the Bank Group Documents (as such date may be extended in accordance with
the terms thereof). Such Grantor agrees promptly to execute and deliver to the Collateral Trustee a supplement to this Security Agreement or any other applicable Trust Security Document to evidence such security interest. Such Grantor also hereby
authorizes the Collateral Trustee to modify (but the Collateral Trustee shall have no obligation to modify) this Security Agreement unilaterally by amending Exhibit “D” to include any future Instruments, Securities or other
Investment Property of which the Collateral Trustee receives notification from such Grantor pursuant to this Section 4.11. 
 4.12. Commercial Tort Claims. If any Grantor identifies the existence of a commercial tort claim belonging to such Grantor that has arisen in the course of such Grantor’s business in addition
to the commercial tort claims described in Exhibit “F”, which, in each case is neither Excluded Property nor of a value less than $1,000,000, then such Grantor shall give the Collateral Trustee notice thereof in writing no later
than the date it is required to notify the Bank Group Representative pursuant to the provisions of the Bank Group Documents (as such date may be extended in accordance with the terms thereof). Each Grantor agrees promptly upon request by the
Collateral Trustee to execute and deliver to the Collateral Trustee any supplement to this Security Agreement or any other document reasonably requested by the Collateral Trustee to evidence the grant of a security interest in such commercial tort
claim in favor of the Collateral Trustee . 
 4.13. Certain Foreign Pledges. No Grantor shall pledge any equity interests
of Roadway Express, S.A. de C.V. for so long as Roadway Express, S.A. de C.V. is a First-Tier Foreign Subsidiary to any party other than to the Bank Group Representative and the Collateral Trustee pursuant to this Security Agreement (or another
Secured Instrument). If at any time after the date hereof Roadway Express, S.A. de C.V. has assets in excess of $500,000 the relevant Grantor(s) shall take all necessary action to pledge the equity interests in such entity which are owned by such
Grantor(s) in accordance with the terms hereof. 

  
 21 

 4.14. Updating of Exhibits to Security Agreement. 

4.14.1 The Company will provide to the Collateral Trustee, on the 45th day (or the next succeeding Business Day if such day is not a
Business Day) following the end of each of the Company’s second and fourth fiscal quarters of the Company’s fiscal year, updated versions of Exhibits “A”, “B”, “C”, “D”, “F”,
“G” and “H”. 
 4.14.2 In all cases set forth in this Section, if there have been no
changes to any such Exhibits since the previous updating thereof required hereby, the Company shall indicate that there has been “no change” to the applicable Exhibit(s). 

4.15. Notices. Company shall deliver to the Collateral Trustee promptly, (and in any event within 10 Business Days) after an
Officer becomes aware of the occurrence thereof, written notice of any event of default or any event which with the giving of notice or lapse of time, or both, would become an event of default under the Bank Group Documents, the Pension Fund
Documents or the ABL Documents (as defined in the Indentures). 
 4.16. Pledges; Collateral; Further Assurances.

 4.16.1 Each Grantor will, at its own expense and subject to the provisions of the Intercreditor Agreement,
promptly make, execute, endorse, acknowledge, file and/or deliver to the Collateral Trustee from time to time such vouchers, invoices, schedules, confirmatory assignments, conveyances, financing statements, transfer endorsements, powers of attorney,
certificates, reports and other assurances or instruments and take such further steps relating to its Receivables, Equipment, Contracts, Instruments, Deposit Accounts, Investment Property, Chattel Paper, and other property or rights covered by the
security interest hereby granted, as may be required and as the Collateral Trustee may reasonably request to perfect, preserve and protect its security interest in the Collateral. Each Grantor acknowledges and agrees that it has the duty to perfect
and maintain the perfection of the security interest in the Collateral granted by it hereby and that the Collateral Trustee has no such duty. 
 4.16.2 The Company shall cause, and shall cause each of its Subsidiaries to cause, all of its respective property (other than Excluded Property) to be subject at all times to a valid and perfected second
priority or third priority (only with respect to property as to which the Bank Group Representative has a second priority Lien on such property) Lien in favor of the Collateral Trustee for the benefit of the Secured Parties, subject in each case to
Liens specifically permitted by the respective Indentures; provided, however, that, notwithstanding anything to the contrary in this Agreement or any other New Money Note Document or Restructuring Note Document to the contrary, to the
extent the Bank Group Representative determines pursuant to, and in accordance with the terms of, Section 5.10 (or any substantially comparable successor provision) of the Bank Group Agreement (as defined in the Intercreditor Agreement)
not to require that certain property be subject to a first priority or second priority, as applicable, perfected Lien in favor of the Bank Group Representative for the benefit of the secured parties under the Bank Group Documents, then such property
shall not be required to be subject to a second or third priority, as applicable, perfected Lien in favor of the Collateral Trustee for the benefit of the Secured Parties. Each Subsidiary, which after the date hereof is required to cause all or any
portion of its property to become subject to a valid and perfected Lien in favor of the Collateral Trustee in accordance with this Section 4.16.2, shall within 45 days of such date execute and deliver to the Collateral Trustee such
Secured Instruments or supplements or joinders thereto as are necessary for 

  
 22 

 
such Subsidiary to become a Grantor or mortgagor hereunder or under other applicable Secured Instruments and take all further actions so that the Liens on the property and assets of such
Subsidiary are perfected and have priority over other Liens to the extent required by, and in accordance with the applicable terms and provisions of the Secured Instruments. 
 ARTICLE V 
 EVENTS OF DEFAULT AND CERTAIN REMEDIAL PROVISIONS 

5.1. Defaults and Events of Default. (a) The occurrence of a “Default” under any Indenture shall constitute a
Default under this Security Agreement. (b) The occurrence of an “Event of Default” under any Indenture shall constitute an Event of Default under this Security Agreement. 

5.2. Acceleration and Remedies. When a Notice of Acceleration is in effect, the Collateral Trustee may, on behalf of the Secured
Parties and subject to the provisions of the Intercreditor Agreement, exercise any or all of the following rights and remedies: 
 5.2.1 Those rights and remedies provided in this Security Agreement, any Indenture, any other Secured Instrument and in any other agreement or instrument securing, evidencing or relating to the Secured
Obligations; provided, that, this Section 5.2.1 shall not be understood to limit any rights or remedies available to the Collateral Trustee when a Notice of Acceleration is not in effect. 

5.2.2 Those rights and remedies available to a secured party under the UCC (whether or not the UCC applies to the affected
Collateral) or under any other applicable law when a debtor is in default under a security agreement. 
 5.2.3
Without notice except as specifically provided in Section 8.1 hereof or elsewhere herein, sell, lease, assign, grant an option or options to purchase or otherwise dispose of the Collateral or any part thereof in one or more parcels at
public or private sale, for cash, on credit or for future delivery without assumption of any credit risk, and, in each case, upon such other commercially reasonable terms. 
 The Collateral Trustee, on behalf of the Secured Parties, may comply with any applicable state or federal law requirements in connection with a disposition of the Collateral, and such compliance will not
be considered to adversely affect the commercial reasonableness of any sale of the Collateral. 
 5.3. Grantors’
Obligations. Upon the request of the Collateral Trustee when a Notice of Acceleration is in effect, each Grantor will, subject to the provisions of the Intercreditor Agreement: 

5.3.1 Assembly of Collateral. Assemble and make available to the Collateral Trustee the Collateral and all records
relating thereto at any place or places reasonably specified by the Collateral Trustee. 
 5.3.2 Secured Party
Access. Permit the Collateral Trustee, by the Collateral Trustee’s representatives and agents, to enter any premises where all or any part of the Collateral, or the books and records relating thereto, or both, are located, to take
possession of all or any part of the Collateral and to remove all or any part of the Collateral. 

  
 23 

 5.4. License. The Collateral Trustee is hereby granted a license or other right to
use, when a Notice of Acceleration is in effect, without charge, each Grantor’s labels, patents, copyrights, rights of use of any name, trade secrets, trade names, trademarks, service marks, customer lists and advertising matter, or any
property of a similar nature, as it pertains to the Collateral, in completing production of, advertising for sale, and selling any Collateral, and, when a Notice of Acceleration is in effect, such Grantor’s rights under all licenses and all
franchise agreements shall inure to the Collateral Trustee’s benefit. In addition, each Grantor hereby irrevocably agrees that the Collateral Trustee may, if a Notice of Acceleration is in effect and subject to the provisions of the
Intercreditor Agreement, sell any of such Grantor’s Inventory that is included in the Collateral directly to any Person, including without limitation Persons who have previously purchased such Grantor’s Inventory from such Grantor and in
connection with any such sale or other enforcement of the Collateral Trustee’s rights under this Security Agreement, may sell such Inventory which bears any trademark owned by or licensed to such Grantor and any Inventory that is covered by any
copyright owned by or licensed to such Grantor and the Collateral Trustee may (but shall have no obligation to) finish any work in process and affix any trademark owned by or licensed to such Grantor and sell such Inventory as provided herein.

 ARTICLE VI 
 WAIVERS, AMENDMENTS AND REMEDIES 
 No delay or omission of the Collateral Trustee
to exercise any right or remedy granted under this Security Agreement shall impair such right or remedy or be construed to be a waiver or cancellation of any Default, Event of Default or Notice of Acceleration or an acquiescence therein, and any
single or partial exercise of any such right or remedy shall not preclude any other or further exercise thereof or the exercise of any other right or remedy. No waiver, amendment or other variation of the terms, conditions or provisions of this
Security Agreement whatsoever shall be valid unless in writing signed by the Collateral Trustee and each Grantor, provided that the addition of any Subsidiary as a Grantor hereunder by execution of a Security Agreement Supplement in the form of
Annex I (with such modifications as shall be acceptable to the Collateral Trustee) shall not require receipt of any consent from or execution of any documentation by any other Grantor party hereto. All rights and remedies contained in this
Security Agreement or by law afforded shall be cumulative and all shall be available to the Collateral Trustee until this Security Agreement is terminated as provided in the Collateral Trust Agreement. 

ARTICLE VII 

PROCEEDS; COLLECTION OF RECEIVABLES 
 7.1. Lockboxes. Upon written request of the Collateral Trustee while a Notice of Acceleration is in effect and subject to the provisions of the Intercreditor Agreement, each Grantor shall execute
and deliver to the Collateral Trustee irrevocable lockbox agreements in the form provided by or otherwise acceptable to the Collateral Trustee and in any event which shall be effective only while a Notice of Acceleration is in effect, which
agreements shall be accompanied by an acknowledgment by the bank where the lockbox will be located of the Lien of the Collateral Trustee granted hereunder and of irrevocable instructions to wire all amounts collected therein to a special collateral
account at the Collateral Trustee upon the Collateral Trustee’s written statement that a Notice of Acceleration is in effect. 
 7.2. Collection of Receivables. While a Notice of Acceleration is in effect and subject to the provisions of the Intercreditor Agreement, the Receivables that are included in the Collateral and
owned by any Grantor shall be paid directly to the Collateral Trustee. In such event, each Grantor shall, and shall permit the Collateral Trustee to, in each case subject to the provisions of the Intercreditor Agreement, promptly notify the account
debtors or obligors under such Receivables of the Collateral 

  
 24 

 
Trustee’s interest therein and direct such account debtors or obligors to make payment of all amounts then or thereafter due under such Receivables directly to the Collateral Trustee. Upon
receipt of any such written notice from the Collateral Trustee, and thereafter, so long as a Notice of Acceleration is in effect and subject to the provisions of the Intercreditor Agreement, each Grantor shall thereafter hold in trust for the
Collateral Trustee, all amounts and proceeds received by it with respect to such Receivables that is included in the Collateral and owned by such Grantor and immediately and at all times thereafter deliver to the Collateral Trustee all such amounts
and proceeds in the same form as so received, whether by cash, check, draft or otherwise, with any necessary endorsements. Subject to the terms, provisions and conditions of the Intercreditor Agreement, the Collateral Trustee shall hold and apply
funds so received as provided by the terms of Sections 7.3 and 7.4 hereof. 
 7.3. Collateral Account.
While a Notice of Acceleration is in effect and subject to the provisions of the Intercreditor Agreement, all cash proceeds of the Collateral shall be deposited in the Collateral Account to be held by the Collateral Trustee as part of the Trust
Estate. The Collateral Account shall be subject to the exclusive dominion and control of the Collateral Trustee. 
 7.4.
Application of Proceeds. Notwithstanding any other provision contained or referred to herein to the contrary and subject to the provisions of the Intercreditor Agreement, the proceeds of the Collateral shall be applied by the Collateral
Trustee to payment of the Secured Obligations as provided in the Collateral Trust Agreement. 
 ARTICLE VIII 

GENERAL PROVISIONS 
 8.1. Notice of Disposition of Collateral; Condition of Collateral. Each Grantor hereby waives notice of the time and place of any public sale or the time after which any private sale or other
disposition of all or any part of the Collateral may be made. To the extent such notice may not be waived under applicable law, any notice made shall be deemed reasonable if sent to the Company, addressed as set forth in Article IX, at least
ten (10) days prior to (i) the date of any such public sale or (ii) the time after which any such private sale or other disposition may be made. The Collateral Trustee shall have no obligation to clean-up or otherwise prepare the
Collateral for sale. To the maximum extent permitted by applicable law, each Grantor waives all claims, damages, and demands against the Collateral Trustee or any other Secured Party arising out of the repossession, retention or sale of the
Collateral, except such as arise solely out of the gross negligence or willful misconduct of the Collateral Trustee or such other Secured Party as finally determined by a court of competent jurisdiction. To the extent it may lawfully do so, each
Grantor absolutely and irrevocably waives and relinquishes the benefit and advantage of, and covenants not to assert against the Collateral Trustee or any other Secured Party, any valuation, stay, appraisal, extension, moratorium, redemption or
similar laws and any and all rights or defenses it may have as a surety now or hereafter existing which, but for this provision, might be applicable to the sale of any Collateral made under the judgment, order or decree of any court, or privately
under the power of sale conferred by this Security Agreement, or otherwise. Except as otherwise specifically provided herein, each Grantor hereby waives presentment, demand, protest or any notice (to the maximum extent permitted by applicable law)
of any kind in connection with this Security Agreement or any Collateral. 
 8.2. Compromises and Collection of
Collateral. Each Grantor and the Collateral Trustee recognize that setoffs, counterclaims, defenses and other claims may be asserted by obligors with respect to certain of the Receivables that are included in the Collateral and owned by such
Grantor, that certain of such Receivables may be or become uncollectible in whole or in part and that the expense and probability of success in litigating such disputed Receivables may exceed the amount that reasonably may be expected to be
recovered with respect to such Receivables. In view of the foregoing, each Grantor agrees that the Collateral Trustee may at any time and from time to time, when a Notice of Acceleration is in

  
 25 

 
effect and subject to the provisions of the Intercreditor Agreement, compromise with the obligor on any such Receivable, accept any amount in full payment of any such Receivable or abandon any
such Receivable, and any such action by the Collateral Trustee shall be commercially reasonable so long as the Collateral Trustee acts in good faith based on information known to it at the time it takes any such action. 

8.3. Collateral Trustee Performance of Grantor’s Obligations. Without having any obligation to do so, the Collateral Trustee
may, during the existence of an Event of Default, or if no Event of Default therein exists, upon prior approval by such applicable Grantor or the Company, perform or pay any obligation which any Grantor has agreed to perform or pay in this Security
Agreement, and such Grantor shall reimburse the Collateral Trustee for (a) any reasonable amounts paid by the Collateral Trustee pursuant to this Section 8.3 and, (b) without duplication, all past due taxes, assessments,
charges, fees or Liens on the Collateral except for Liens that are permitted hereunder. Each Grantor’s obligation to reimburse the Collateral Trustee pursuant to the preceding sentence shall be a Secured Obligation payable on demand, and the
authorization to the Collateral Trustee to pay any of the same shall not release such Grantor of its obligations under this Security Agreement or under any other Secured Instrument. 

8.4. Authorization for Collateral Trustee to Take Certain Action. Each Grantor irrevocably authorizes the Collateral Trustee
(a) at any time and from time to time in the sole discretion of the Collateral Trustee, without having any obligation to do so, and appoints the Collateral Trustee as its attorney in fact (i) to execute on behalf of such Grantor as debtor
and to file financing statements necessary to perfect and to maintain the perfection and priority of the Collateral Trustee’s security interest in the Collateral, (ii) to file a carbon, photographic or other reproduction of this Security
Agreement or any financing statement with respect to the Collateral as a financing statement and to file any other financing statement or amendment of a financing statement (which does not add new collateral or add a debtor) in such offices as may
be necessary to perfect and to maintain the perfection and priority of the Collateral Trustee’s security interest in the Collateral, and (iii) to contact and enter into one or more agreements with the issuers of uncertificated securities
which are Collateral owned by such Grantor and which are Securities or with financial intermediaries holding other Investment Property that is included in the Collateral as may be necessary or advisable to give the Collateral Trustee Control over
such Securities or other Investment Property included in the Collateral which are owned by such Grantor, (b) while a Notice of Acceleration is in effect and subject to the provisions of the Intercreditor Agreement, (i) to enforce payment
of the Instruments, Accounts and Receivables included in the Collateral and owned by such Grantor in the name of the Collateral Trustee or such Grantor, and (ii) to sign any document which may be required by the relevant governmental agency of
any State in order to effect an absolute assignment of all right, title and interest in each Tractor Trailer, and register the same and upon request by Collateral Trustee each Grantor agrees to execute and deliver any further power of attorney and
(c) from time to time while a Notice of Acceleration is in effect and subject to the provisions of the Intercreditor Agreement, (i) to apply the proceeds of any Collateral received by the Collateral Trustee to the Secured Obligations as
provided in Section 7.4 and (ii) to indorse and collect any cash proceeds of the Collateral. 
 8.5.
Specific Performance of Certain Covenants. Each Grantor acknowledges and agrees that a breach of any of the covenants contained in Section 5.3 or in Article VII hereof will cause irreparable injury to the Collateral Trustee
and the Secured Parties, that the Collateral Trustee and the Secured Parties have no adequate remedy at law in respect of such breaches and therefore agrees, without limiting the right of the Collateral Trustee or the Secured Parties to seek and
obtain specific performance of other obligations of the Grantors contained in this Security Agreement, that the covenants of the Grantors contained in the Sections referred to in this Section 8.5 shall be specifically enforceable against
the Grantors. 
 8.6. Use and Possession of Certain Premises. While a Notice of Acceleration is in effect and subject to
the provisions of the Intercreditor Agreement, each Grantor permits the Collateral Trustee to occupy and use any premises owned or leased by the Grantors where any of the Collateral or any records

  
 26 

 
relating to the Collateral are located for a reasonable period and only to the extent necessary (a) to cause the Secured Obligations to be paid or (b) to remove the Collateral
therefrom, whichever shall first occur, without any obligation to pay any Grantor for such use or occupancy. 
 8.7.
Dispositions Not Authorized. No Grantor is authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1.5 hereof and notwithstanding any course of dealing between any Grantor and the Collateral
Trustee or other conduct of the Collateral Trustee, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1.5 hereof) shall be binding upon the Collateral Trustee unless such authorization is
in writing signed by the Collateral Trustee. 
 8.8. Benefit of Agreement. The terms and provisions of this Security
Agreement shall be binding upon and inure to the benefit of the Grantors, the Collateral Trustee and the Secured Parties and their respective successors and permitted assigns (including all Persons who become bound as a debtor to this Security
Agreement), except that the Grantors shall not have the right to assign their rights or delegate their obligations under this Security Agreement or any interest herein, without the prior written consent of the Collateral Trustee. 

8.9. Survival of Representations. All representations and warranties of the Grantors contained in this Security Agreement shall
survive the execution and delivery of this Security Agreement. 
 8.10. Taxes and Expenses. Any taxes payable or ruled
payable by a Federal or State authority in respect of this Security Agreement shall be paid by the Grantors, together with interest and penalties, if any. The Grantors shall pay (i) all reasonable out-of-pocket expenses incurred by the
Collateral Trustee and its Affiliates, including the reasonable fees, charges and disbursements of its agents, professional advisors and a single counsel, and one additional local counsel in each applicable jurisdiction, for the Collateral Trustee
and its Affiliates, in connection with this Security Agreement, including the preparation, execution, delivery, performance, and administration of this Security Agreement or any amendments, modifications or waivers of the provisions hereof and
(ii) all out-of-pocket expenses incurred by the Collateral Trustee, including the fees, charges and disbursements of its agents, professional advisors and a single counsel, and one additional local counsel in each applicable jurisdiction, for
the Collateral Trustee and the Secured Parties (and solely in the event of a conflict of interest, one additional counsel for the Secured Parties, taken as a whole), in connection with the collection, enforcement or protection of its rights in
connection with this Security Agreement and in the audit, analysis, administration, collection, preservation or sale of the Collateral (including the expenses and charges associated with any periodic or special audit of the Collateral). Any and all
costs and expenses incurred by the Grantors in the performance of actions required pursuant to the terms hereof shall be borne solely by the Grantors. All amounts due under this Section 8.10 shall be payable not later than ten days after
written demand thereof (together with documentation reasonably supporting such request). 
 8.11. Headings. The title of
and section headings in this Security Agreement are for convenience of reference only, and shall not govern the interpretation of any of the terms and provisions of this Security Agreement. 

8.12. Termination. This Security Agreement shall continue in effect until terminated in accordance with the Collateral Trust
Agreement. 
 8.13. Entire Agreement. This Security Agreement and the other Secured Instruments collectively embody the
entire agreement and understanding between the Grantors and the Collateral Trustee relating to the Collateral and supersedes all prior agreements and understandings among the Grantors and the Collateral Trustee relating to the Collateral.

  
 27 

 8.14. Governing Law; Jurisdiction; Waiver of Jury Trial. 

8.14.1 THIS SECURITY AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW
YORK. 
 8.14.2 Each party to this Security Agreement 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 Security 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 binding
(subject to appeal as provided by applicable law) and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Security Agreement shall affect any right that the Collateral Trustee may
otherwise have to bring any action or proceeding relating to this Security Agreement against any Grantor or its properties in the courts of any jurisdiction. 
 8.14.3 Each party to this Security Agreement hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to
the laying of venue of any suit, action or proceeding arising out of or relating to this Security Agreement or any other Secured Instrument in any court referred to in Section 8.14.2. Each of the parties hereto hereby irrevocably waives,
to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 
 8.14.4 Each Grantor irrevocably consents to service of process in the manner provided for notices in Article IX of this Security Agreement, and each of the Grantors hereby appoints the Company as its
agent for service of process. Nothing in this Security Agreement or any other Secured Instrument will affect the right of any party to this Security Agreement to serve process in any other manner permitted by law. 

8.14.5 WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW,
ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS SECURITY AGREEMENT, ANY OTHER SECURED INSTRUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON
CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO
ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS SECURITY AGREEMENT AND THE OTHER SECURED INSTRUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN
THIS SECTION. 

  
 28 

 8.15. Indemnity. Each Grantor hereby agrees, jointly with the other Grantors and
severally, to indemnify the Collateral Trustee, the Secured Parties, each Affiliate of any of the foregoing Persons and the directors, officers, managers, employees, agents and advisors of any of the foregoing Persons (each such Person being called
an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, penalties, liabilities and related expenses, including the fees, charges and disbursements of any counsel for any Indemnitee,
imposed on, incurred by or asserted against any Indemnitee arising out of this Security Agreement, or the manufacture, purchase, acceptance, rejection, ownership, delivery, lease, possession, use, operation, condition, sale, return or other
disposition of any Collateral (including, without limitation, latent and other defects, whether or not discoverable by any Indemnitee or any Grantor, and any claim for patent, trademark or copyright infringement); provided that such indemnity
shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, penalties, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from
(i) the gross negligence, bad faith or willful misconduct of such Indemnitee or (ii) a dispute between or among Indemnitees, except, in the case of this clause (ii), such indemnity shall be available to the Collateral Trustee acting in its
capacity as such, each Affiliate of the Collateral Trustee acting on behalf of the Collateral Trustee in its capacity as such, and each of the directors, officers, managers, employees, agents and advisors of the Collateral Trustee or any Affiliate
of the Trustee acting on behalf of the Collateral Trustee in its capacity as such (each a “CT Indemnitee”) for any and all losses, claims, damages, penalties, liabilities and related expenses, including the fees, charges and
disbursements of any counsel, imposed on, incurred by or asserted against any CT Indemnitee as a result of or in connection with any such dispute. 
 8.16. Limitation on Collateral Trustee’s Duty with Respect to the Collateral. Subject to any applicable laws, the Collateral Trustee’s sole duty with respect to the custody, safekeeping
and physical preservation of the Collateral in its possession, under Section 9-207 of the UCC or otherwise, shall be to deal with it in the same manner as the Collateral Trustee deals with similar property for its own account. Neither the
Collateral Trustee, 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 Trustee
hereunder are solely to protect the Collateral Trustee’s interests in the Collateral (for the benefit of the Secured Parties) and shall not impose any duty upon the Collateral Trustee or any Secured Party to exercise any such powers. The
Collateral Trustee and the Secured Parties shall be accountable only for amounts that they actually receive as a result of the exercise of such powers, and neither they nor any of their officers, directors, employees or agents shall be responsible
to any Grantor for any act or failure to act hereunder, except for their own gross negligence or willful misconduct as determined by a court of competent jurisdiction by final and nonappealable judgment. Neither the Collateral Trustee nor any other
Secured Party shall have any other duty as to any Collateral in its possession or control or in the possession or control of any agent or nominee of the Collateral Trustee or such other Secured Party, or any income thereon or as to the preservation
of rights against prior parties or any other rights pertaining thereto. To the extent that applicable law imposes duties on the Collateral Trustee to exercise remedies in a commercially reasonable manner, each Grantor acknowledges and agrees that it
is commercially reasonable for the Collateral Trustee (i) to fail to incur expenses deemed significant by the Collateral Trustee to prepare Collateral for disposition or otherwise to transform raw material or work in process into finished goods
or other finished products for disposition, (ii) to fail to obtain third party consents for access to Collateral to be disposed of, or to obtain or, if not required by other law, to fail to obtain governmental or third party consents for the
collection or disposition of Collateral to be collected or disposed of, (iii) to fail to exercise collection remedies against account debtors or other Persons obligated on Collateral or to remove Liens on or any adverse claims against
Collateral, (iv) to exercise collection remedies against account debtors and other Persons obligated on Collateral directly or through the use of collection agencies and other collection specialists, (v) to advertise dispositions of
Collateral through publications or media of general circulation, 

  
 29 

 
whether or not the Collateral is of a specialized nature, (vi) to contact other Persons, whether or not in the same business as such Grantor, for expressions of interest in acquiring all or
any portion of such Collateral, (vii) to hire one or more professional auctioneers to assist in the disposition of Collateral, whether or not the Collateral is of a specialized nature, (viii) to dispose of Collateral by utilizing internet
sites that provide for the auction of assets of the types included in the Collateral or that have the reasonable capacity of doing so, or that match buyers and sellers of assets, (ix) to dispose of assets in wholesale rather than retail
markets, (x) to disclaim disposition warranties, such as title, possession or quiet enjoyment, (xi) to purchase insurance or credit enhancements to insure the Collateral Trustee against risks of loss, collection or disposition of
Collateral or to provide to the Collateral Trustee a guaranteed return from the collection or disposition of Collateral, or (xii) to the extent deemed appropriate by the Collateral Trustee, to obtain the services of brokers, investment bankers,
consultants and other professionals to assist the Collateral Trustee in the collection or disposition of any of the Collateral. Each Grantor acknowledges that the purpose of this Section 8.16 is to provide non-exhaustive indications of
what actions or omissions by the Collateral Trustee would be commercially reasonable in the Collateral Trustee’s exercise of remedies against the Collateral and that other actions or omissions by the Collateral Trustee shall not be deemed
commercially unreasonable solely on account of not being indicated in this Section 8.16. Without limitation upon the foregoing, nothing contained in this Section 8.16 shall be construed to grant any rights to any Grantor or
to impose any duties on the Collateral Trustee that would not have been granted or imposed by this Security Agreement or by applicable law in the absence of this Section 8.16. Notwithstanding anything herein to the contrary, in no event
shall the Collateral Trustee be responsible for (i) the existence, genuineness or value of any of the Collateral, (ii) the validity, perfection, priority or enforceability of the Liens on any of the Collateral, whether impaired by
operation of law or by reason of any action or omission to act on its part hereunder, except to the extent of any affirmative action by the Collateral Trustee that constitutes bad faith, gross negligence or willful misconduct on the part of the
Collateral Trustee as determined by a final, non-appealable judgment of a court of competent jurisdiction (it being understood and agreed that the Collateral Trustee shall have no affirmative obligation to maintain the validity, perfection, priority
or enforceability of the Liens on any of the Collateral, other than as set forth in the first sentence of this Section 8.16), (iii) the validity or sufficiency of the Collateral or any agreement or assignment contained therein,
(iv) the sufficiency of the form or substance of this Security Agreement, (v) the validity of the title of any Grantor to the Collateral, (vi) insuring the Collateral or (vii) the payment of taxes, charges, assessments or Liens
upon the Collateral or otherwise as to the maintenance of the Collateral. 
 8.17. Severability. Any provision in this
Security Agreement that is held to be inoperative, unenforceable, or invalid in any jurisdiction shall, as to that jurisdiction, be inoperative, unenforceable, or invalid without affecting the remaining provisions in that jurisdiction or the
operation, enforceability, or validity of that provision in any other jurisdiction, and to this end the provisions of this Security Agreement are declared to be severable. 
 8.18. Reinstatement. This Security Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against any Grantor for liquidation or
reorganization, should any Grantor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of any of Grantor’s assets, and shall continue
to be effective or be reinstated, as the case may be, if at any time payment and performance of the Secured Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned
by any obligee of the Secured Obligations, whether as a “voidable preference,” “fraudulent conveyance,” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part
thereof, is rescinded, reduced, restored or returned, the Secured Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned. 

  
 30 

 8.19. Counterparts. This Security Agreement may be executed in counterparts (and by
different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Security
Agreement by telecopy or other electronic transmission shall be effective as delivery of a manually executed counterpart of this Security Agreement. 
 8.20. Collateral Trust Agreement. 
 8.20.1 Notwithstanding
anything herein to the contrary, the Liens and security interests granted to the Collateral Trustee pursuant to this Security Agreement, the exercise of any right or remedy by the Collateral Trustee hereunder and each other provision of this
Security Agreement are, as between or among the Collateral Trustee and Secured Parties, subject to the provisions of the Collateral Trust Agreement and the rights of the Secured Parties set forth in the Collateral Trust Agreement. In the event of
any conflict between the terms of the Collateral Trust Agreement and the terms of this Security Agreement, the terms of the Collateral Trust Agreement shall govern. 

8.20.2 The Collateral Trustee shall be entitled to all the rights, privileges, protections and immunities set forth in the
Collateral Trust Agreement in connection with this Security Agreement, including the execution hereof and the performance of its duties hereunder. 
 8.20.3 Each Grantor acknowledges that the rights and responsibilities of the Collateral Trustee under this Security Agreement with respect to any action taken by the Collateral Trustee or the exercise or
non-exercise by the Collateral Trustee 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 Trustee and the Secured
Parties, be governed by the Collateral Trust Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Collateral Trustee and the Grantors, the Collateral Trustee shall be conclusively
presumed to be acting as agent for the Secured Parties with full and valid authority so to act or refrain from acting, and no Grantor shall be under any obligation, or entitlement, to make any inquiry respecting such authority. 

8.20.4 (a) At the time and to the extent provided in Section 6.12(a) of the Collateral Trust Agreement, the
Collateral or any applicable portion thereof shall be released from the Liens created hereby, and this Security Agreement and all obligations (other than those expressly stated to survive such termination) of the Collateral Trustee and each Grantor
hereunder shall terminate, in accordance with the provisions of the Collateral Trust Agreement. At the written request and sole expense of any Grantor following any such termination, the Collateral Trustee shall promptly (and in any event within 5
Business Days after receipt of such request) deliver to such Grantor any Collateral held by the Collateral Trustee hereunder, and promptly (and in any event within 5 Business Days after receipt of such request) execute and deliver to such Grantor
such documents as such Grantor shall reasonably request to evidence such termination. 
 (b) At the times and to
the extent provided in Sections 6.12(d), (e), (f) and (g) of the Collateral Trust Agreement, the Collateral so specified shall be released from the Liens created hereby on such Collateral, in accordance with the provisions of the
Collateral Trust Agreement. At the written request and sole expense of any Grantor following any such release, the Collateral Trustee shall promptly (and in any event within 5 Business Days after receipt of such request) deliver to such Grantor any
Collateral held 

  
 31 

 
by the Collateral Trustee hereunder, and promptly (and in any event within 5 Business Days after receipt of such request) execute and deliver to such Grantor such documents as such Grantor shall
reasonably request to evidence such release. 
 (c) At the times and to the extent provided in
Section 6.12(c) of the Collateral Trust Agreement, any Subsidiary Grantor so specified shall be released from its obligations hereunder, and the Liens over the Capital Stock of such Subsidiary Grantor shall also be released, in accordance with
the provisions of the Collateral Trust Agreement. At the written request and sole expense of any Grantor following any such release, the Collateral Trustee shall promptly (and in any event within 5 Business Days after receipt of such request)
deliver to such Grantor any Collateral held by the Collateral Trustee hereunder, and promptly (and in any event within 5 Business Days after receipt of such request) execute and deliver to such Grantor such documents as such Grantor shall reasonably
request to evidence such release. 
 8.21. Collateral Trustee; Collateral Trustee’s Agents and Designees; Intercreditor
Agreement. 
 8.21.1 Each reference herein to any right granted to, benefit conferred upon or power
exercisable by the “Collateral Trustee” shall be a reference to Collateral Trustee (including its successors and permitted assigns in such capacity), as Collateral Trustee for the benefit of the Secured Parties. Any right granted to,
benefit conferred upon or power exercisable by the “Collateral Trustee” may (whether or not expressly stated in the specific instance) be exercised by an agent or designee of the Collateral Trustee. 

8.21.2 The Collateral Trustee hereby notifies each Grantor that, as of the date hereof and pursuant to the provisions of
the Intercreditor Agreement, the Bank Group Representative is the agent of the Collateral Trustee for purposes of perfecting by possession or control any portions of the Collateral which may be perfected by possession or control by each such
representative. Subject to the terms of the Intercreditor Agreement, the Collateral Trustee may change its agent or designee for these or any other purposes from time to time at its sole discretion and shall provide notice to the Company of any
change in the Person or Persons who are acting as agent of the Collateral Trustee for purposes of perfecting by possession or control any portions of the Collateral or otherwise. Each of the Grantors shall be entitled to deal with the Person or
Persons identified as the agent or designee of the Collateral Trustee in (or by notice pursuant to) this Section 8.21.1 without further inquiry. 
 The Grantors representations and warranties and covenants contained herein which relate to delivery of possession of applicable Collateral and establishment of control with respect to applicable
Collateral for purposes of perfection shall be subject to the preceding paragraph of this Section 8.21.2 for perfection by possession or control through its agent for perfection for the benefit of the Collateral Trustee; provided that
the Collateral Trustee shall at all times be entitled (but shall have no obligation) to require further action to more fully perfect its security interest through possession or control including requiring that the Collateral Trustee be a party to
each Deposit Account Control Agreement and Securities Account Control Agreement for purposes of establishing perfection by control. 
 8.21.3 Notwithstanding any other provisions herein, the rights, powers, privileges, remedies and obligations of the Collateral Trustee hereunder shall be subject to the terms, provisions and conditions
of the Intercreditor Agreement. This Section 8.21.3 is solely for the benefit of the Bank Group Representative under the 

  
 32 

 
Intercreditor Agreement and does not give any rights, powers, privileges, remedies or obligations of any kind whatsoever to any of the Grantors. In the event there is any conflict between the
Intercreditor Agreement on the one hand and this Security Agreement or any other Secured Instrument on the other hand regarding the rights, powers, privileges, remedies and obligations of the Collateral Trustee, the Intercreditor Agreement shall
control. 
 ARTICLE IX 
 NOTICES 
 9.1. Sending Notices. Any notice required or permitted to be
given under this Security Agreement shall be in writing and sent (and deemed received) as follows: (i) if to the Collateral Trustee, in the manner set forth in Section 6.1 of the Collateral Trust Agreement and at the address set
forth below its signature hereto; and (ii) if to any Person now or hereafter a Grantor, in the manner and to the respective addresses set forth on the signature page of the Collateral Trust Agreement for the Company. Any notice delivered to the
Company shall be deemed to have been delivered to all of the Grantors. 
 9.2. Change in Address for Notices. Each of the
Grantors and the Collateral Trustee may change the address for service of notice upon it by a notice in writing to the other parties. 
 [Signature Pages Follow] 

  
 33 

 IN WITNESS WHEREOF, each of the Initial Grantors and the Collateral Trustee has executed
this Security Agreement as of the date first above written. 

			
	GRANTORS:
	
	YRC WORLDWIDE INC.
		
	By:	 	 
	Name:	 	 
	Title:	 	 
	
	EXPRESS LANE SERVICE, INC.
		
	By:	 	 
	Name:	 	 
	Title:	 	 
	
	IMUA HANDLING CORPORATION
		
	By:	 	 
	Name:	 	 
	Title:	 	 
	
	NEW PENN MOTOR EXPRESS, INC.
		
	By:	 	 
	Name:	 	 
	Title:	 	 
	
	ROADWAY EXPRESS INTERNATIONAL, INC.
		
	By:	 	 
	Name:	 	 
	Title:	 	 
	
	ROADWAY LLC
		
	By:	 	 
	Name:	 	 
	Title:	 	 

 Signature Page to 
 Pledge and Security Agreement 

 
			
	ROADWAY NEXT DAY CORPORATION
		
	By:	 	 
	Name:	 	 
	Title:	 	 
	
	ROADWAY REVERSE LOGISTICS, INC.
		
	By:	 	 
	Name:	 	 
	Title:	 	 
	
	USF BESTWAY INC.
		
	By:	 	 
	Name:	 	 
	Title:	 	 
	
	USF CANADA INC.
		
	By:	 	 
	Name:	 	 
	Title:	 	 
	
	USF DUGAN INC.
		
	By:	 	 
	Name:	 	 
	Title:	 	 
	
	USF GLEN MOORE INC.
		
	By:	 	 
	Name:	 	 
	Title:	 	 
	
	USF HOLLAND INC.
		
	By:	 	 
	Name:	 	 
	Title:	 	 

 Signature Page to 
 Pledge and Security Agreement 

 
			
	USF MEXICO INC
		
	By:	 	 
	Name:	 	 
	Title:	 	 
	
	USF REDDAWAY INC.
		
	By:	 	 
	Name:	 	 
	Title:	 	 
	
	USF REDSTAR LLC
		
	By:	 	 
	Name:	 	 
	Title:	 	 
	
	USF SALES CORPORATION
		
	By:	 	 
	Name:	 	 
	Title:	 	 
	
	USF TECHNOLOGY SERVICES INC.
		
	By:	 	 
	Name:	 	 
	Title:	 	 
	
	USFREIGHTWAYS CORPORATION
		
	By:	 	 
	Name:	 	 
	Title:	 	 
	
	YRC ASSOCIATION SOLUTIONS, INC.
		
	By:	 	 
	Name:	 	 
	Title:	 	 

 Signature Page to 
 Pledge and Security Agreement 

 
			
	YRC ENTERPRISE SERVICES, INC.
		
	By:	 	 
	Name:	 	 
	Title:	 	 
	
	YRC INC.
		
	By:	 	 
	Name:	 	 
	Title:	 	 
	
	YRC INTERNATIONAL INVESTMENTS, INC.
		
	By:	 	 
	Name:	 	 
	Title:	 	 
	
	YRC LOGISTICS SERVICES, INC.
		
	By:	 	 
	Name:	 	 
	Title:	 	 
	
	YRC MORTGAGES, LLC
		
	By:	 	 
	Name:	 	 
	Title:	 	 
	
	YRC REGIONAL TRANSPORTATION, INC.
		
	By:	 	 
	Name:	 	 
	Title:	 	 

 Signature Page to 
 Pledge and Security Agreement 

 U.S. BANK NATIONAL ASSOCIATION, 
 as Collateral Trustee 
  

			
		
	By:	 	 
	Name:	 	George J. Rayzis
	Title:	 	Vice President

 U.S. Bank National Association 
 Corporate Trust Services 
 Two Liberty Place 

50 S.
16th Street, Suite 2000 

Mail Station: EX-PA-WBSP 
 Philadelphia, PA 19102

 Signature Page to 
 Pledge and Security Agreement 

 EXHIBIT “A” 
 (See Sections 3.3, 3.4, 3.5 and 4.1.7 of Security Agreement) 
 Prior
names, jurisdiction of formation, place of business (if Grantor has only one place of business), chief executive office (if Grantor has more than one place of business), mergers and mailing address: 

 

							
		 	 	 	 	  	
				
		 	 	 	 	  	
				
		 	 	 	 	  	
				
		 	 	 	 	  	
				
		 	Attention:	 	 	  	

 Locations of Real Property, Inventory, Equipment and Fixtures: 

 

	A.	Owned Locations of Inventory, Equipment and Fixtures of the Grantors: 

 

	B.	Leased Locations of Inventory, Equipment and Fixtures of by the Grantors (Include Landlord’s Name): 

 

	C.	Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements (include name of warehouse operator or other bailee or consignee of
Inventory and Equipment of the Grantors): 

  

	D.	Real Property Owned and Leased (include description and location): 

 EXHIBIT “B” 
 (See Sections 3.8 and 3.12 of Security Agreement) 
 A. Vehicles (including all
Tractor Trailers) subject to certificates of title: 
  

			
	 Description
	    	 Title Number and State Where Issued

 B. Aircraft/engines, ships, vessels, railcars and other vehicles and similar equipment governed by federal statute (including all Rolling Stock): 

 

					
	 Description
	    	 Registration Number

 C. Patents, copyrights, trademarks protected under federal law* and industrial designs: 
 D. Other property 
  

 

	*	For (i) trademarks, show the trademark itself, the registration date and the registration number; (ii) trademark applications, show the trademark applied for,
the application filing date and the serial number of the application; (iii) patents, show the patent number, issue date and a brief description of the subject matter of the patent; and (iv) patent applications, show the serial number of
the application, the application filing date and a brief description of the subject matter of the patent applied for. Any licensing agreements for patents or trademarks should be described on a separate schedule. 

 EXHIBIT “C” 
 (See Section 3.8 of Security Agreement) 
 Legal description, county and
street address of property on which 
 Fixtures are located: 

 

					
	 	  	Name and Address of Record Owner:	  	 
		  	 	  	
			
		  	 	  	
			
		  	 	  	
			
		  	 	  	

  

 EXHIBIT “D” 

List of Pledged Securities and Instruments 
 (See Section 3.11 of Security Agreement) 
 A. STOCKS: 

 

																	
	 Issuer
	  	 Certificate Number
	  	 Number of Shares

 B. BONDS: 
  

																			
	 Issuer
	  	 Number
	  	 Face Amount
	  	 Coupon Rate
	  	 Maturity

C. GOVERNMENT SECURITIES: 
  

																			
	 Issuer
	  	 Number
	  	 Type
	  	 Face Amount
	  	 Coupon Rate
	  	 Maturity

D. INSTRUMENTS 

[Include Secured Subordinated Notes held by ABL Originators] 
 E. OTHER SECURITIES OR OTHER INVESTMENT PROPERTY 
 (CERTIFICATED AND
UNCERTIFICATED): 
  

															
	 Issuer
	  	 Description of Collateral
	  	 Percentage Ownership Interest

SUBSIDIARIES 
  

															
	 Name
	  	 Jurisdiction of Organization
	  	 Owner(s) of Equity Interest*

 
  

	*	State type and amount of Equity Interest 

 EXHIBIT “E” 
 (See Sections 3.1 and 4.10.2 of Security Agreement) 
 OFFICES IN
WHICH FINANCING STATEMENTS HAVE BEEN/WILL BE FILED 

 EXHIBIT “F” 
 (See Definition of “Commercial Tort Claims”) 
 COMMERCIAL TORT CLAIMS

 [Describe parties, case number (if applicable), nature of dispute] 

 EXHIBIT “G” 
 (See Section 3.10 of Security Agreement”) 
 FEDERAL EMPLOYER
IDENTIFICATION NUMBER; 
 STATE ORGANIZATION NUMBER; JURISDICTION OF INCORPORATION 

 

									
	 GRANTOR(1)
	  	 Federal Employer
Identification

Number
	  	 Type of
 Organization
	  	 State of
 Organization or
Incorporation
	  	 State
 Organization
 Number

					
	 YRC Worldwide Inc.
	  	[                    ]	  	Corporation	  	Delaware	  	
[                    ]

					
	 [Other Grantors to Come]
	  	
[                    ]
	  	
[                    ]
	  	
[                    ]
	  	
[                    ]

  
  

	(1) 	 Company to confirm. 

 EXHIBIT “H” 
 (See Section 3.14 of Security Agreement) 
 DEPOSIT ACCOUNTS 

 

							
	Name of Grantor	  	Name of Institution	  	Account Number	  	Balance
	 	 	 	 
	 	  	 	  	 	  	 
	 	 	 	 
	 	  	 	  	 	  	 
	 	 	 	 
	 	  	 	  	 	  	 
	 	 	 	 
	 	  	 	  	 	  	 
	 	 	 	 
	 	  	 	  	 	  	 

 SECURITIES ACCOUNTS 

							
	Name of Grantor	  	Name of Institution	  	Account Number	  	Balance
	 	 	 	 
	 	  	 	  	 	  	 
	 	 	 	 
	 	  	 	  	 	  	 
	 	 	 	 
	 	  	 	  	 	  	 
	 	 	 	 
	 	  	 	  	 	  	 
	 	 	 	 
	 	  	 	  	 	  	 

 ANNEX I 
 to 
 PLEDGE AND SECURITY AGREEMENT 

Reference is hereby made to the Pledge and Security Agreement (as amended, restated, supplemented, restructured, renewed, extended,
replaced or otherwise modified from time to time (the “Agreement”), dated as of July 22, 2011, made by each of YRC Worldwide Inc., a Delaware corporation (the “Company”), and the Subsidiaries of the Company
listed on the signature pages thereto (together with the Company, the “Initial Grantors”, and together with any additional Subsidiaries, including the undersigned, which become parties thereto by executing a Supplement in
substantially the form hereof, the “Grantors”), in favor of the Collateral Trustee. Capitalized terms used herein and not defined herein shall have the meanings given to them in the Agreement. 

By its execution below, the undersigned, [NAME OF NEW GRANTOR], a
[            ] [corporation/limited liability company/limited partnership] (the “New Grantor”), agrees to become, and does hereby become, a Grantor under the Agreement and
agrees to be bound by the Agreement as if originally a party thereto. The New Grantor hereby pledges, collaterally assigns and grants to the Collateral Trustee (for the benefit of the Secured Parties) a security interest in all of the New
Grantor’s right, title and interest, whether now owned or hereafter acquired, in and to the Collateral to secure the prompt and complete payment and performance when due of the Secured Obligations. 

By its execution below, the New Grantor represents and warrants as to itself that, as of the date hereof, all of the representations and
warranties contained in the Agreement are true and correct in all material respects, that the supplements to the Exhibits to the Agreement attached hereto are true and correct in all material respects, and that such supplements set forth all
information required to be scheduled by it under the Agreement. New Grantor agrees to take all steps necessary and required under the Agreement to perfect, in favor of the Collateral Trustee, a second-priority security interest in and Lien against
New Grantor’s Collateral (which for the avoidance of doubt shall not include Excluded Property). 
 IN WITNESS WHEREOF, the
New Grantor has executed and delivered this Annex I counterpart to the Agreement as of this             day of
            ,             . 
  

			
	[NAME OF NEW GRANTOR]
		
	By:	 	 
	Title:Amended and Restated Intercreditor Agreement

 Exhibit 10.14 
 EXECUTION COPY 
 AMENDED AND RESTATED INTERCREDITOR AGREEMENT

 This Amended and Restated Intercreditor Agreement (this “Agreement”), dated as of July 22, 2011, is
among JPMorgan Chase Bank, National Association, as Administrative Agent (in such capacity, with its successors and assigns, and as more specifically defined below, the “Bank Group Representative”) for the Bank Group Secured Parties
(as defined below), Wilmington Trust Company, as Agent (in such capacity, with its successors and permitted assigns, and as more specifically defined below, the “Pension Fund Representative”) for the Pension Fund Secured Parties (as
defined below), U.S. Bank National Association, as Collateral Trustee (not individually, but solely in such capacity, with its successors and permitted assigns, and as more specifically defined below, the “Convertible Note
Representative”) for the Convertible Note Secured Parties (as defined below), solely for the purposes of Sections 3.1(c) and 11.3, JPMorgan Chase Bank, N.A., as Administrative Agent (in such capacity, with its successors and permitted
assigns, and as more specifically defined below, the “ABL Representative”) for the ABL Secured Parties (as defined below), YRC Worldwide Inc. (the “Company”) and each of the other Bank Group Loan Parties (as defined
below) party hereto. 
 WHEREAS, the Company, the Bank Group Representative and certain financial institutions and other
entities are party to that certain Amended and Restated Credit Agreement dated as of July 22, 2011 by and among the Company, certain subsidiaries of the Company, certain financial institutions as lenders and agents and JPMorgan Chase Bank,
National Association as administrative agent (as amended, restated, supplemented or otherwise modified from time to time, the “Existing Bank Group Agreement”), pursuant to which such financial institutions have agreed to make loans
and extend other financial accommodations to the Company; and 
 WHEREAS, certain subsidiaries of the Company, the Pension Fund
Representative and certain other entities are party from time to time to that certain Amended and Restated Contribution Deferral Agreement dated as of July 22, 2011 (subject to the terms of Section 6.1(d), as amended, restated,
supplemented or otherwise modified from time to time, the “Existing Pension Fund Agreement”), pursuant to which such other entities have agreed to defer certain pension contribution payments owed by certain of the Company’s
subsidiaries; and 
 WHEREAS, the Company, the other Bank Group Loan Parties and U.S. Bank National Association, as Trustee (in
such capacity, with its successors and permitted assigns, the “Restructuring Convertible Note Representative”) are party to that certain Indenture dated as of July 22, 2011 (subject to the terms of Section 6.1(d), as
amended, restated, supplemented or otherwise modified from time to time, the “2011 Restructuring Note Indenture”), pursuant to which the Company shall have issued the Company’s 10% Series A Convertible Senior Secured Notes due
2015 to the holders thereunder; and 
 WHEREAS, the Company, the other Bank Group Loan Parties and U.S. Bank National
Association, as Trustee (in such capacity, with its successors and permitted assigns, the “New Money Convertible Note Representative”) are party to that certain Indenture dated as of July 22, 2011 (subject to the terms of
Section 6.1(d), as amended, restated, supplemented or otherwise modified from time to time, the “2011 New Money Note Indenture”), pursuant to which the Company shall have issued the Company’s 10% Series B Convertible
Senior Secured Notes due 2015 to the holders thereunder; and 

 WHEREAS, the Company, the other Bank Group Loan Parties, the New Money Convertible Note
Representative, the Restructuring Convertible Note Representative and the Convertible Note Representative are party to that certain Collateral Trust Agreement dated as of July 22, 2011 (subject to the terms of Section 6.1(d), as amended,
restated, supplemented or otherwise modified from time to time, the “Collateral Trust Agreement”), pursuant to which the Convertible Note Representative will hold certain of the Common Collateral in trust for the benefit of the
Convertible Note Secured Parties. 
 WHEREAS, YRCW Receivables, LLC, a wholly-owned special purpose bankruptcy-remote subsidiary
of the Company (the “ABL Borrower”), the Company, as servicer, the ABL Representative and certain financial institutions and other entities are party to that certain Credit Agreement, dated as of July 22, 2011 (as amended,
restated, supplemented or otherwise modified from time to time, the “2011 ABL Agreement”), pursuant to which such financial institutions have agreed to make loans and extend other financial accommodations to the ABL Borrower secured
by, inter alia, a first priority Lien on accounts receivables and related assets of the ABL Borrower; and 
 WHEREAS, the
Company and the other Bank Group Loan Parties have granted to the Bank Group Representative security interests in substantially all of the property and assets of the Bank Group Loan Parties, including, without limitation, the Common Collateral, as
security for payment and performance of the Bank Group Obligations, which Liens are senior to the Junior Liens granted to the Convertible Note Representative in all Common Collateral and to the Junior Liens granted to the Pension Fund Representative
in certain Pension Fund Collateral, and junior to the Senior Liens granted to the Pension Fund Representative in certain other Pension Fund Collateral, on behalf of the applicable Secured Parties, in order of priority set forth herein; and

 WHEREAS, the Company and the other Bank Group Loan Parties have granted to the Convertible Note Representative security
interests in substantially all of the property and assets of the Bank Group Loan Parties, including, without limitation, the Common Collateral (but exclusive of security interests on leasehold interests in respect of which the Bank Group
Representative shall have a Lien as of the date of this Agreement and such other assets as are expressly excluded from the Lien of the Convertible Note Representative pursuant to the terms of the Convertible Note Security Documents) as security for
payment and performance of the Convertible Note Obligations, which Liens are junior to the Senior Liens granted to the Bank Group Representative in all of the Common Collateral and the Pension Fund Representative in the Pension Priority Common
Collateral, on behalf of the applicable Secured Parties, and senior to the Junior Liens granted to the Pension Fund Representative in the applicable Pension Fund Collateral, in order of priority as set forth herein; and 

WHEREAS, the Company and the other Pension Fund Obligors (as defined below) have granted to the Pension Fund Representative security
interests in the Pension Fund Collateral as security for payment and performance of the Pension Fund Obligations, which Liens are senior to the Junior Liens granted to the Bank Group Representative and the Convertible Note

  
 2 

 
Representative in the applicable Pension Fund Collateral and junior to the Senior Liens and Junior Second Liens granted to the Bank Group Representative and the Convertible Note Representative,
as applicable, in the applicable Pension Fund Collateral, in order of priority set forth herein; and 
 WHEREAS, pursuant to the
Bank Group Documents, the Pension Fund Documents and the Convertible Note Documents, each of the Bank Group Secured Parties, the Pension Fund Secured Parties and the Convertible Note Secured Parties, respectively, have agreed to permit the grant of
such other security interests on the terms and conditions of this Agreement; 
 WHEREAS, the Company, certain of the Bank Group
Loan Parties, the Bank Group Representative and the Pension Fund Representative are parties to that certain Intercreditor Agreement, dated as of June 17, 2009 (as amended, the “Existing Intercreditor Agreement”), and pursuant
to this Agreement, each of the parties to the Existing Intercreditor Agreement desire to amend and restate the Existing Intercreditor Agreement in its entirety; 
 NOW THEREFORE, in consideration of the foregoing and the mutual covenants herein contained and other good and valuable consideration, the existence and sufficiency of which is expressly recognized by all
of the parties hereto, the parties agree as follows: 
 SECTION 1. Definitions. 

1.1 Defined Terms. The following terms, as used herein, have the following meanings: 

“ABL Agreement” means the collective reference to (a) the 2011 ABL Agreement, (b) any Additional ABL Agreement
and (c) to the extent permitted under the applicable Loan Documents, any other credit agreement, loan agreement, note agreement, promissory note, indenture or other agreement or instrument evidencing or governing the terms of any indebtedness
or other financial accommodation that has been incurred to extend, replace, refinance or refund in whole or in part the indebtedness and other obligations outstanding under the 2011 ABL Agreement, any Additional ABL Agreement or any other agreement
or instrument referred to in this clause (c) unless such agreement or instrument expressly provides that it is not intended to be and is not a ABL Agreement hereunder (a “Replacement ABL Agreement”). Any reference to the ABL
Agreement hereunder shall be deemed a reference to any ABL Agreement then extant. 
 “ABL Representative” has
the meaning set forth in the introductory paragraph hereof but shall also include any Person identified as the “ABL Representative” in any ABL Agreement. 
 “Additional ABL Agreement” means any agreement approved for designation as such by the Bank Group Representative, the Pension Fund Representative, the Convertible Note Representative and
the ABL Representative. 
 “Additional Bank Group Agreement” means, subject to the provisions of
Section 2.2 of this Agreement, any agreement approved for designation as such by the Bank Group Representative, the Pension Fund Representative and the Convertible Note Representative. 

  
 3 

 “Additional Convertible Note Agreement” means the collective reference to
any Additional New Money Convertible Note Agreement and any Additional Restructuring Convertible Note Agreement. 

“Additional Debt” the meaning set forth in Section 11.3(b). 

“Additional New Money Convertible Note Agreement” means, subject to the provisions of Section 2.2 of this
Agreement, any agreement approved for designation as such by the Bank Group Representative, the Pension Fund Representative and the Convertible Note Representative. 
 “Additional Pension Fund Agreement” means, subject to the provisions of Section 2.2 of this Agreement, any agreement approved for designation as such by the Bank Group
Representative, the Pension Fund Representative and the Convertible Note Representative. 
 “Additional Restructuring
Convertible Note Agreement” means, subject to the provisions of Section 2.2 of this Agreement, any agreement approved for designation as such by the Bank Group Representative, the Pension Fund Representative and the Convertible Note
Representative. 
 “Bank Group Agreement” means the collective reference to (a) the Existing Bank Group
Agreement, (b) any Additional Bank Group Agreement and (c) any other credit agreement, loan agreement, note agreement, promissory note, indenture or other agreement or instrument evidencing or governing the terms of any indebtedness or
other financial accommodation that has been incurred to extend, replace, refinance or refund in whole or in part the indebtedness and other obligations outstanding under the Existing Bank Group Agreement, any Additional Bank Group Agreement or any
other agreement or instrument referred to in this clause (c) unless such agreement or instrument expressly provides that it is not intended to be and is not a Bank Group Agreement hereunder (a “Replacement Bank Group
Agreement”). Any reference to the Bank Group Agreement hereunder shall be deemed a reference to any Bank Group Agreement then extant. 
 “Bank Group Cash Management Obligations” means, with respect to any Bank Group Loan Party, any obligations of such Bank Group Loan Party owed to any Bank Group Secured Party in respect of
treasury management arrangements, depositary or other cash management services pursuant to Banking Services Agreements (as defined in the Existing Bank Group Agreement). 
 “Bank Group Collateral” means all assets, whether now owned or hereafter acquired by the Company or any other Bank Group Loan Party, in which a Lien is granted or purported to be granted
to, or for the benefit of, any Bank Group Secured Party as security for any Bank Group Obligations, including, without limitation, the Common Collateral. 
 “Bank Group Creditors” means the “Holders of Secured Obligations” as defined in the Bank Group Agreement. 

“Bank Group DIP Financing” has the meaning set forth in Section 5.2(a). 

  
 4 

 “Bank Group Documents” means the Bank Group Agreement, each Bank Group
Security Document and each Bank Group Guarantee. 
 “Bank Group Guarantee” means any guarantee by any Bank
Group Loan Party of any or all of the Bank Group Obligations. 
 “Bank Group Lien” means any Lien created by
the Bank Group Security Documents. 
 “Bank Group Loan Party” means the Company and each direct or indirect
affiliate or shareholder (or equivalent) of the Company or any of its affiliates that is now or hereafter becomes a party to any Bank Group Document as a “Borrower”, “Subsidiary Guarantor” or “Grantor” (as defined in
the Existing Bank Group Agreement) or to any Convertible Note Document as an “Issuer”, “Guarantor” or “Grantor” (as defined in the applicable Convertible Note Document). All references in this Agreement to any Bank
Group Loan Party shall include such Bank Group Loan Party as a debtor-in-possession and any receiver or trustee for such Bank Group Loan Party in any Insolvency Proceeding. 
 “Bank Group Obligations” means (a) all principal of and interest (including without limitation any Post-Petition Interest) and premium (if any) on all loans made pursuant to the Bank
Group Agreement, (b) all reimbursement obligations (if any), interest thereon (including without limitation any Post-Petition Interest) and obligations to post cash collateral with respect to any letter of credit or similar instruments issued
pursuant to the Bank Group Agreement, (c) all “Swap Obligations” (as defined in the Existing Bank Group Agreement or any other Bank Group Document), (d) all Bank Group Cash Management Obligations, (e) all guarantee
obligations, indemnification obligations, fees, expenses and other amounts payable from time to time pursuant to the Bank Group Documents, in each case whether or not allowed or allowable in an Insolvency Proceeding and (f) all other Secured
Obligations (as defined in the Existing Bank Group Agreement or any other Bank Group Document). To the extent any payment with respect to any Bank Group Obligation (whether by or on behalf of any Bank Group Loan Party, as proceeds of security,
enforcement of any right of setoff or otherwise) is declared to be a fraudulent conveyance or a preference in any respect, set aside or required to be paid to a debtor in possession or trustee, any Pension Fund Secured Party, any Convertible Note
Secured Party, any receiver or similar Person, then the obligation or part thereof originally intended to be satisfied shall, for the purposes of this Agreement and the rights and obligations of the Bank Group Secured Parties, be deemed to be
reinstated and outstanding as if such payment had not occurred. For the avoidance of doubt, no Excess Obligations shall be Bank Group Obligations. 
 “Bank Group Obligations Payment Date” means the first date on which (a) the Bank Group Obligations (other than those that constitute Bank Group Unasserted Contingent Obligations)
have been Paid in Full (or cash collateralized in accordance with the terms of the Bank Group Documents), (b) all commitments to extend credit under the Bank Group Documents have been terminated, (c) there are no outstanding letters of
credit or similar instruments issued under the Bank Group Documents (other than such as have been cash collateralized in accordance with the terms of the Bank Group Security Documents on terms satisfactory to the Bank Group Secured Parties), and
(d) the Bank Group Representative has delivered a written notice to the Pension Fund Representative and the Convertible Note Representative stating that the events described in clauses (a), (b) and (c) have occurred to the

  
 5 

 
satisfaction of the Bank Group Secured Parties. Notwithstanding the foregoing, if at any time after the Bank Group Obligations Payment Date has occurred, any Bank Group Loan Party enters into any
Bank Group Document evidencing a Bank Group Obligation which is permitted hereby and under the Convertible Note Documents, then such Bank Group Obligations Payment Date shall automatically be deemed not to have occurred for all purposes of this
Agreement, and the obligations under such Bank Group Document shall automatically be treated as Bank Group Obligations for all purposes of this Agreement, including for purposes of the Lien priorities and rights in respect of Collateral set forth
herein, and the collateral agent under such Bank Group Documents shall be the Bank Group Representative for all purposes of this Agreement. Upon receipt of a notice stating that any Bank Group Loan Party has entered into a new Bank Group Document
(which notice shall include the identity of the new agent, such agent, the “New Bank Group Agent”), Pension Fund Representative and the Convertible Notes Representatives shall promptly enter into such documents and agreements
(including amendments or supplements to this Agreement) as such Bank Group Loan Party or such New Bank Group Agent may reasonably request in order to provide to the New Bank Group Agent the rights contemplated hereby, in each case consistent in all
material respects with the terms of this Agreement. 
 “Bank Group Priority Common Collateral” means all assets
that are both Bank Group Collateral and Convertible Note Collateral, other than Pension Priority Common Collateral. 

“Bank Group Representative” has the meaning set forth in the introductory paragraph hereof and shall include any Person
identified as a “Bank Group Representative” in any Bank Group Agreement. 
 “Bank Group Secured
Parties” means the Bank Group Representative, the Bank Group Creditors and any other holders of the Bank Group Obligations. 
 “Bank Group Security Documents” means the “Security Agreement,” the “Mortgages,” the “Mortgage Instruments” and the other “Collateral Documents” as
defined in the Existing Bank Group Agreement, and any other documents that are designated under the Existing Bank Group Agreement or any other Bank Group Agreement as “Bank Group Security Documents” for purposes of this Agreement.

 “Bank Group Unasserted Contingent Obligations” means, at any time, Bank Group Obligations for taxes, costs,
indemnifications, reimbursements, damages and other liabilities (excluding (a) the principal of, and interest and premium (if any) on, and fees and expenses relating to, any Bank Group Obligation and (b) contingent reimbursement
obligations in respect of amounts that may be drawn under outstanding letters of credit) in respect of which no assertion of liability (whether oral or written) and no claim or demand for payment (whether oral or written) has been made (and, in the
case of Bank Group Obligations for indemnification, no notice for indemnification has been issued by the indemnitee) at such time. 
 “Bankruptcy Code” means the United States Bankruptcy Code (11 U.S.C. §101 et seq.), as amended from time to time. 

“Collateral Trust Agreement” has the meaning set forth in the fifth WHEREAS clause of this Agreement. 

  
 6 

 “Common Collateral” means, as the context may require, (i) the Bank
Group Priority Common Collateral, with respect to the Bank Group Secured Parties, and to the extent applicable, the Convertible Note Secured Parties and, to the extent applicable, the Pension Fund Secured Parties and (ii) the Pension Priority
Common Collateral, with respect to the Pension Fund Secured Parties, the Bank Group Secured Parties and the Convertible Note Secured Parties. As used herein, as to any Secured Party, “applicable Common Collateral” means Common Collateral
in which such Secured Party holds a Senior Lien or a Junior Lien. 
 “Company” has the meaning set forth in the
introductory paragraph hereof. 
 “Comparable Bank Group Security Document” means, in relation to any Pension
Priority Common Collateral subject to any Pension Fund Security Document creating a Senior Lien, that Bank Group Security Document that creates a Junior Lien in the same Pension Priority Common Collateral, granted by the same Pension Fund Obligor.

 “Comparable Convertible Note Security Document” means, in relation to any Bank Group Security Document
creating a Junior Second Lien, or in relation to any Bank Group Priority Common Collateral subject to any Bank Group Security Document creating a Senior Lien, or in relation to any Pension Fund Collateral subject to any Bank Group Security Document
creating a Senior Lien or a Junior Second Lien or any Pension Fund Security Document creating a Senior Lien, that Convertible Note Security Document that creates a Junior Second Lien or Junior Third Lien, as applicable, in the same applicable Common
Collateral, granted by the same Pension Fund Obligor or Bank Group Loan Party, as applicable. 
 “Comparable Pension
Fund Security Document” means, in relation to any Pension Fund Collateral subject to any Bank Group Security Document creating a Senior Lien and a Convertible Note Security Document creating a Junior Second Lien, that Pension Fund Security
Document that creates a Junior Third Lien in the same Pension Fund Collateral, granted by the same Pension Fund Obligor, as applicable. 
 “Convertible Note Agreement” means the collective reference to the applicable New Money Convertible Note Agreement and the Restructuring Convertible Note Agreement. 

“Convertible Note Collateral” means all assets, whether now owned or hereafter acquired by the Company or any other Bank
Group Loan Party, in which a Lien is granted or purported to be granted to, or for the benefit of, the Convertible Note Representative as security for any Convertible Note Obligation. 

“Convertible Note Creditors” means the collective reference to the applicable New Money Convertible Note Creditors and
the Restructuring Convertible Note Creditors. 
 “Convertible Note Documents” means the collective reference to
the applicable New Money Convertible Note Documents and the Restructuring Convertible Note Documents. 
 “Convertible
Note Guarantee” means the collective reference to the applicable New Money Convertible Note Guarantee and the Restructuring Convertible Note Guarantee. 

  
 7 

 “Convertible Note Lien” means the collective reference to the applicable
New Money Convertible Note Lien and the Restructuring Convertible Note Lien. 
 “Convertible Note Obligations”
means the collective reference to the “Secured Obligations” (under and as defined in the Collateral Trust Agreement), the applicable New Money Convertible Note Obligations and the applicable Restructuring Convertible Note Obligations.

 “Convertible Note Representative” has the meaning set forth in the introductory paragraph hereof, but shall
also include any Person identified as a “Convertible Note Representative” in any Convertible Note Agreement. 

“Convertible Note Secured Parties” means the collective reference to the Collateral Trustee, the applicable New Money
Convertible Note Secured Parties and the applicable Restructuring Convertible Note Secured Parties. 
 “Convertible Note
Security Documents” means the collective reference to the applicable New Money Convertible Note Security Documents and the Restructuring Convertible Note Security Documents. 

“Enforcement Action” means, with respect to the Bank Group Obligations, the Pension Fund Obligations or the Convertible
Note Obligations, the exercise of any rights and remedies with respect to any applicable Common Collateral securing such obligations or the commencement or prosecution of enforcement of any of the rights and remedies under, as applicable, the Bank
Group Documents, the Pension Fund Documents, the Convertible Note Documents or applicable law, including without limitation the exercise of any rights of set-off or recoupment, and the exercise of any rights or remedies of a secured creditor under
the Uniform Commercial Code of any applicable jurisdiction or under the Bankruptcy Code. 
 “Escrow Accounts”
means those certain escrow accounts established by the Company with JPMorgan Chase Bank, N.A., as escrow agent, pursuant to (i) that certain Incentive Payments Escrow Agreement, dated as of July 22, 2011 and (ii) that certain
Delivery/Collections Escrow Agreement, dated as of July 22, 2011, each providing for the release of escrowed money for the specified purposes set forth therein ((i) and (ii), collectively, the “Escrow Agreements”). 

“Excess Obligations” has the meaning set forth in Section 2.2. 

“Exigent Circumstance” means an event or circumstance that materially and imminently threatens the ability of a Secured
Party to realize upon all or a material portion of the applicable Common Collateral, such as, without limitation, fraudulent removal, concealment, destruction (other than to the extent covered by insurance), material waste or abscondment thereof.

 “Existing Bank Group Agreement” has the meaning set forth in the first WHEREAS clause of this Agreement.

 “Existing Pension Fund Agreement” has the meaning set forth in the second WHEREAS clause of this Agreement.

  
 8 

 “Insolvency Proceeding” means any proceeding in respect of bankruptcy,
insolvency, winding up, receivership, dissolution or assignment for the benefit of creditors, in each of the foregoing events whether under the Bankruptcy Code or any similar federal, state or foreign bankruptcy, insolvency, reorganization,
receivership or similar law. 
 “Junior Lien” means, as the context may require, a Junior Second Lien and/or a
Junior Third Lien. 
 “Junior Second Lien” means any Lien granted by the Company or one of its subsidiaries
either to the Bank Group Representative for the benefit of the Bank Group Secured Parties or to the Convertible Note Representative for the benefit of the Convertible Note Secured Parties which is intended by the terms of the document granting such
Lien to be a second priority Lien junior to the Senior Lien on the same Common Collateral and identified as such on Schedule B attached hereto; provided that it is understood and agreed that the Convertible Note Representative shall not have
a Lien on leasehold interests in respect of which the Bank Group Representative shall have a Lien as of the date of this Agreement and such other assets as are expressly excluded from the Lien of the Convertible Note Representative pursuant to the
terms of the Convertible Note Security Documents. 
 “Junior Secured Obligations” means, at any time of
determination, with respect to any Common Collateral, the Bank Group Obligations, the Convertible Note Obligations and/or the Pension Fund Obligations, in each case, to the extent such obligations are secured by a Junior Lien. 

“Junior Secured Parties” means, at any time of determination, with respect to any Common Collateral, the Secured Parties
that at that time are secured by Junior Liens on such Common Collateral. 
 “Junior Secured Representative”
means, as of any date of determination, any Representative with respect to the then Junior Secured Parties. 
 “Junior
Third Lien” means any Lien granted by the Company or one of its subsidiaries either to the Pension Fund Representative for the benefit of the Pension Fund Secured Parties or to the Convertible Note Representative for the benefit of the
Convertible Note Secured Parties which is intended by the terms of the document granting such Lien to be a third priority Lien junior to the Senior Lien and Junior Second Lien on the same Common Collateral and identified as such on Schedule C
attached hereto; provided that it is understood and agreed that the Convertible Note Representative shall not have a Lien on leasehold interests in respect of which the Bank Group Representative shall have a Lien as of the date of this Agreement and
such other assets as are expressly excluded from the Lien of the Convertible Note Representative pursuant to the terms of the Convertible Note Security Documents. 
 “Lien” means, with respect to any asset, (a) any mortgage, deed of trust, deed to secure debt, lien, pledge, hypothecation, assignment, encumbrance, charge or security interest in,
on or of such asset, (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same economic effect as any of the foregoing)
relating to such asset and (c) in the case of securities, any purchase option, call or similar right of a third party with respect to such securities. 

  
 9 

 “Loan Documents” means the Bank Group Documents, the Convertible Note
Documents and/or the Pension Fund Documents, as applicable. 
 “Mortgage” means any mortgage, deed of trust,
deed and similar instrument. 
 “New Money Convertible Note Agreement” means the collective reference to
(a) the 2011 New Money Note Indenture, (b) any Additional New Money Convertible Note Agreement and (c) any other agreement, loan agreement, note agreement, promissory note, indenture, or other agreement or instrument evidencing or
governing the terms of any indebtedness or other financial accommodation that has been incurred to extend, replace, refinance or refund in whole or in part the indebtedness and other obligations outstanding under the 2011 New Money Note Indenture,
any Additional New Money Convertible Note Agreement or any other agreement or instrument referred to in this clause (c) unless such agreement expressly provides that it is not intended to be and is not a New Money Convertible Note Agreement.
Any reference to the New Money Convertible Note Agreement hereunder shall be deemed a reference to any New Money Convertible Note Agreement then extant. 
 “New Money Convertible Note Creditors” means the “Holders”, “Trustee” and “Collateral Trustee”, each as defined in the New Money Convertible Note Agreement,
or any Persons that are designated under the New Money Convertible Note Agreement as the “New Money Convertible Note Creditors” for purposes of this Agreement. 
 “New Money Convertible Note Documents” means each New Money Convertible Note Agreement, each New Money Convertible Note Security Document and each New Money Convertible Note Guarantee.

 “New Money Convertible Note Guarantee” means any guarantee by any Bank Group Loan Party of any or all of the
New Money Convertible Note Obligations. 
 “New Money Convertible Note Lien” means any Lien created by the New
Money Convertible Note Security Documents. 
 “New Money Convertible Note Obligations” means (a) all
Secured Obligations (as defined in the 2011 New Money Note Indenture) with respect to the Securities under (and as defined in) the 2011 New Money Note Indenture), including all principal and interest (including without limitation any Post-Petition
Interest) and premium (if any), (b) all principal and interest (including without limitation any Post-Petition Interest) and premium if any on all amounts due under any New Money Convertible Note Document and (c) all guarantee obligations,
indemnification obligations, fees, expenses (including the fees and expenses of the New Money Convertible Note Representative, the New Money Convertible Note Representative’s agents, professional advisors and counsel) and other amounts payable
from time to time pursuant to the New Money Convertible Note Documents, in each case whether or not allowed or allowable in an Insolvency Proceeding. To the extent any payment with respect to any New Money Convertible Note Obligation (whether by or
on behalf of any Bank Loan Party, as proceeds of security, enforcement of any right of setoff or otherwise) is declared to be a fraudulent 

  
 10 

 
conveyance or a preference in any respect, set aside or required to be paid to a debtor in possession or trustee, any Bank Group Secured Party, any Restructuring Convertible Note Secured Party or
any Pension Fund Secured Party, receiver or similar Person, then the obligation or part thereof originally intended to be satisfied shall, for the purposes of this Agreement and the rights and obligations of the New Money Convertible Note Secured
Parties, be deemed to be reinstated and outstanding as if such payment had not occurred. For the avoidance of doubt, no Excess Obligations shall be New Money Convertible Note Obligations. 

“New Money Convertible Note Representative” has the meaning set forth in the fourth WHEREAS clause of this Agreement,
but shall also include any Person identified as a “New Money Convertible Note Representative” in any New Money Convertible Note Agreement. 
 “New Money Convertible Note Secured Parties” means the New Money Convertible Note Representative, the New Money Convertible Note Creditors and any other holders of the New Money
Convertible Note Obligations. 
 “New Money Convertible Note Security Documents” means the Collateral Trust
Agreement, the “Collateral Documents” as defined in the New Money Convertible Note Agreement and any documents that are designated under the New Money Convertible Note Agreement as “New Money Convertible Note Security Documents”
for purposes of this Agreement. 
 “Officer” means the chief executive officer, the president, any vice
president, the chief operating officer or any chief financial officer or treasurer of the Company. Any document delivered hereunder that is signed by an Officer of the Company shall be conclusively presumed to have been authorized by all necessary
corporate, partnership and/or other action on the part of the Company and such Officer shall be conclusively presumed to have acted on behalf of the Company. 
 “Originator Intercreditor Agreement” means that certain intercreditor agreement, dated as of July 22, 2011, by and among, the ABL Representative, YRC Inc., USF Reddaway Inc., USF
Holland Inc. and YRCW Receivables LLC, as may be amended, restated, supplemented or otherwise modified from time to time. 

“Originator Subordinated Secured Notes” means those certain promissory notes evidencing the subordinated secured loans
made by YRC Inc., USF Reddaway Inc. and USF Holland Inc. to YRCW Receivables LLC, as may be amended, restated, supplemented, renewed, extended or otherwise modified from time to time, in each case made pursuant a sale agreement entered into in
connection with the ABL Agreement. 
 “Other Obligations” has the meaning set forth in Section 11.14.

 “Payment in Full” means, with respect to any obligations, the occurrence of the following: (a) such
obligations have been indefeasibly paid in cash in full (or cash collateralized in accordance with the terms of the documents governing or evidencing such obligations), (b) the termination of all commitments to extend credit under the documents
governing or evidencing such obligations, (c) there being no outstanding letters of credit or similar instruments issued under the documents governing or evidencing such obligations, and (d) the applicable representative has delivered a
written notice to the other parties hereto stating that the events described in clauses (a), (b) and (c) have occurred. “Paid in Full” shall have the corresponding meaning. 

  
 11 

 “Pension Fund Agreement” means the collective reference to (a) the
Existing Pension Fund Agreement, (b) any Additional Pension Fund Agreement and (c) any other agreement, loan agreement, note agreement, promissory note, indenture, or other agreement or instrument evidencing or governing the terms of any
indebtedness or other financial accommodation that has been incurred to extend, replace, refinance or refund in whole or in part the indebtedness and other obligations outstanding under the Existing Pension Fund Agreement, any Additional Pension
Fund Agreement or any other agreement or instrument referred to in this clause (c) unless such agreement expressly provides that it is not intended to be and is not a Pension Fund Agreement. Any reference to the Pension Fund Agreement hereunder
shall be deemed a reference to any Pension Fund Agreement then extant. 
 “Pension Fund Collateral” means all
assets, whether now owned or hereafter acquired by the Company or any other Pension Fund Obligor, in which a Lien is granted or purported to be granted to the Pension Fund Representative as security for any Pension Fund Obligations. 

“Pension Fund Creditors” means the “Funds” and “Agent” each as defined in the Pension Fund
Agreement, or any Persons that are designated under the Pension Fund Agreement as the “Pension Fund Creditors” for purposes of this Agreement. 
 “Pension Fund Documents” means each Pension Fund Agreement, each Pension Fund Security Document and each Pension Fund Guarantee. 

“Pension Fund Guarantee” means any guarantee by any Bank Group Loan Party of any or all of the Pension Fund Obligations.

 “Pension Fund Lien” means any Lien created by the Pension Fund Security Documents. 

“Pension Fund Obligations” means (a) all Deferred Pension Payments (as defined in the Existing Pension Fund
Agreement), all Deferred Interest (as defined in the Existing Pension Fund Agreement) and any other obligations relating to deferred payments or otherwise in the nature of “principal” under the Pension Fund Agreement, interest (including
without limitation any Post-Petition Interest) on all payment obligations under the Pension Fund Agreement, and (b) all guarantee obligations, indemnification obligations, fees, expenses (including the fees and expenses of the Pension Fund
Representative, the Pension Fund Representative’s agents, professional advisors and counsel) and other amounts payable from time to time pursuant to the Pension Fund Documents, in each case whether or not allowed or allowable in an Insolvency
Proceeding. To the extent any payment with respect to any Pension Fund Obligation (whether by or on behalf of any Pension Fund Obligor, as proceeds of security, enforcement of any right of setoff or otherwise) is declared to be a fraudulent
conveyance or a preference in any respect, set aside or required to be paid to a debtor in possession or trustee, any Bank Group Secured Party, Convertible Note Secured Party, receiver or similar Person, then the obligation or part thereof
originally intended to be satisfied shall, for the purposes of this Agreement and the rights and obligations of the Pension Fund Secured Parties, be deemed to be reinstated and outstanding as if such payment had not occurred. For the avoidance of
doubt, no Excess Obligations shall be Pension Fund Obligations. 

  
 12 

 “Pension Fund Obligors” means YRC Inc., USF Holland Inc., New Penn Motor
Express, Inc., USF Reddaway Inc., USF Glen Moore Inc. and Transcontinental Lease, S. de R.L. de C.V. and each other Person (other than the Pension Fund Representative) who executes the Pension Fund Guarantee. All references in this Agreement to any
Pension Fund Obligor shall include such Pension Fund Obligor as a debtor-in-possession and any receiver or trustee for such Pension Fund Obligor in any Insolvency Proceeding. 
 “Pension Fund Representative” has the meaning set forth in the introductory paragraph hereof, but shall also include any Person identified as a “Pension Fund Representative” in
any Pension Fund Agreement. 
 “Pension Fund Secured Party” means the Pension Fund Representative, the Pension
Fund Creditors and any other holders of the Pension Fund Obligations. 
 “Pension Fund Security Documents”
means the “Collateral Documents” as defined in the Pension Fund Agreement and any documents that are designated under the Pension Fund Agreement as “Pension Fund Security Documents” for purposes of this Agreement. 

“Pension Priority Common Collateral” means all assets that are concurrently Bank Group Collateral, Pension Fund
Collateral and Convertible Note Collateral on which the Pension Fund Representative has a Senior Lien as set forth on Schedule A hereto. 
 “Person” means any person, individual, sole proprietorship, partnership, joint venture, corporation, limited liability company, unincorporated organization, association, institution,
entity, party, including any government and any political subdivision, agency or instrumentality thereof. 

“Post-Petition Interest” means any interest or entitlement to fees or expenses or other charges that accrues after the
commencement of any Insolvency Proceeding, whether or not allowed or allowable in any such Insolvency Proceeding. 

“Recovery” has the meaning set forth in Section 5.5. 

“Replacement ABL Agreement” has the meaning set forth in the definition of “ABL Agreement”. 

“Replacement Bank Group Agreement” has the meaning set forth in the definition of “Bank Group Agreement”.

 “Representative” means the Bank Group Representative, Pension Fund Representative, the Convertible Note
Representative or the representative for any other Secured Parties that becomes a party to this Agreement. 

  
 13 

 “Restructuring Convertible Note Agreement” means the collective reference
to (a) the 2011 Restructuring Note Indenture, (b) any Additional Restructuring Convertible Note Agreement and (c) any other agreement, loan agreement, note agreement, promissory note, indenture, or other agreement or instrument
evidencing or governing the terms of any indebtedness or other financial accommodation that has been incurred to extend, replace, refinance or refund in whole or in part the indebtedness and other obligations outstanding under the 2011 Restructuring
Note Indenture, any Additional Restructuring Convertible Note Agreement or any other agreement or instrument referred to in this clause (c) unless such agreement expressly provides that it is not intended to be and is not a Restructuring
Convertible Note Agreement. Any reference to the Restructuring Convertible Note Agreement hereunder shall be deemed a reference to any Restructuring Convertible Note Agreement then extant. 

“Restructuring Convertible Note Creditors” means the “Holders”, “Trustee” and “Collateral
Trustee”, each as defined in the Restructuring Convertible Note Agreement, or any Persons that are designated under the Restructuring Convertible Note Agreement as the “Restructuring Convertible Note Creditors” for purposes of this
Agreement. 
 “Restructuring Convertible Note Documents” means each Restructuring Convertible Note Agreement,
each Restructuring Convertible Note Security Document and each Restructuring Convertible Note Guarantee. 

“Restructuring Convertible Note Guarantee” means any guarantee by any Bank Group Loan Party of any or all of the
Restructuring Convertible Note Obligations. 
 “Restructuring Convertible Note Lien” means any Lien created by
the Restructuring Convertible Note Security Documents. 
 “Restructuring Convertible Note Obligations” means
(a) all Secured Obligations (as defined in the 2011 Restructuring Note Indenture) with respect to the Securities under (and as defined in) the 2011 Restructuring Note Indenture), including all principal and interest (including without
limitation any Post-Petition Interest) and premium (if any), (b) all principal and interest (including without limitation any Post-Petition Interest) and premium if any on all amounts due under any Restructuring Convertible Note Document and
(c) all guarantee obligations, indemnification obligations, fees, expenses (including the fees and expenses of the Restructuring Convertible Note Representative, the Restructuring Convertible Note Representative’s agents, professional
advisors and counsel) and other amounts payable from time to time pursuant to the Restructuring Convertible Note Documents, in each case whether or not allowed or allowable in an Insolvency Proceeding. To the extent any payment with respect to any
Restructuring Convertible Note Obligation (whether by or on behalf of any Bank Loan Party, as proceeds of security, enforcement of any right of setoff or otherwise) is declared to be a fraudulent conveyance or a preference in any respect, set aside
or required to be paid to a debtor in possession or trustee, any Bank Group Secured Party, any New Money Convertible Note Secured Party or any Pension Fund Secured Party, receiver or similar Person, then the obligation or part thereof originally
intended to be satisfied shall, for the purposes of this Agreement and the rights and obligations of the Restructuring Convertible Note Secured Parties, be deemed to be reinstated and outstanding as if such payment had not occurred. For the
avoidance of doubt, no Excess Obligations shall be Restructuring Convertible Note Obligations. 

  
 14 

 “Restructuring Convertible Note Representative” has the meaning set forth
in the third WHEREAS clause of this Agreement, but shall also include any Person identified as a “Restructuring Convertible Note Representative” in any Restructuring Convertible Note Agreement. 

“Restructuring Convertible Note Secured Parties” means the Restructuring Convertible Note Representative, the
Restructuring Convertible Note Creditors and any other holders of the Restructuring Convertible Note Obligations. 

“Restructuring Convertible Note Security Documents” means the Collateral Trust Agreement, the “Collateral
Documents” as defined in the Restructuring Convertible Note Agreement and any documents that are designated under the Restructuring Convertible Note Agreement as “Restructuring Convertible Note Security Documents” for purposes of this
Agreement. 
 “Secondary Secured Parties” has the meaning set forth in Section 3.1(b). 

“Secured Parties” means, as the context may require, the Bank Group Secured Parties, the Pension Fund Secured Parties
and/or the Convertible Note Secured Parties. 
 “Senior Lien” means (A) initially, any Lien granted by
(i) the Company or one of the other Bank Group Loan Parties to the Bank Group Representative for the benefit of the Bank Group Secured Parties or (ii) the Company or one of the other Pension Fund Obligors to the Pension Fund Representative
for the benefit of the Pension Fund Secured Parties, as applicable, which is intended by the terms of the document granting such Lien to be a first priority Lien senior to all other Liens (other than (a) with respect to any such Lien of the
Bank Group Representative, “Permitted Encumbrances” as defined in the Existing Bank Group Agreement, and any other Lien expressly permitted to have priority over the Bank Group Lien pursuant to the applicable Bank Group Document and
(b) with respect to any such Lien of the Pension Fund Representative, “Permitted Liens” as defined in the Existing Pension Fund Agreement) and identified as such on Schedule A attached hereto and (B) upon the Payment in
Full of the obligations secured by any of the Liens referenced in clause (A) above and the discharge of the corresponding Lien, the Junior Second Lien with respect to the applicable Common Collateral, and upon the Payment in Full of the
obligations secured by such Junior Second Lien and the discharge of such Junior Second Lien, the Junior Third Lien. 

“Senior Secured Obligations” means, as of any date of determination, with respect to any Common Collateral, the Bank
Group Obligations if they are then secured by a Senior Lien with respect to such Common Collateral, the Convertible Note Obligations if they are then secured by a Senior Lien with respect to such Common Collateral or the Pension Fund Obligations if
they are then secured by a Senior Lien with respect to such Common Collateral. 
 “Senior Secured Parties”
means, as of any date of determination, with respect to any Common Collateral, the Secured Parties that are secured by the then Senior Lien on such Common Collateral. 
 “Senior Secured Representative” means, as of any date of determination, the Representative with respect to the then Senior Secured Parties. 

  
 15 

 “Standstill Period” has the meaning set forth in Section 3.1(b).

 “Trigger Notice” has the meaning set forth in Section 8.5 of this Agreement. 

“2011 ABL Agreement” has the meaning set forth in the sixth WHEREAS clause of this Agreement. 

“2011 Convertible Note Indenture” means, as the context may require, the 2011 New Money Note Indenture or the 2011
Restructuring Note Indenture. 
 “2011 New Money Note Indenture” has the meaning set forth in the fourth
WHEREAS clause of this Agreement. 
 “2011 Restructuring Note Indenture” has the meaning set forth in the third
WHEREAS clause of this Agreement. 
 “Uniform Commercial Code” means the Uniform Commercial Code as in effect
from time to time in the applicable jurisdiction. 
 Capitalized terms used herein and not otherwise defined herein shall have
the respective meanings given to them in the Bank Group Documents. 
 1.2 Amended Agreements. All references in this
Agreement to agreements or other contractual obligations shall, unless otherwise specified, be deemed to refer to such agreements or contractual obligations as amended, supplemented, restated, modified, replaced, refinanced, renewed or extended from
time to time. 
 SECTION 2. Lien Priorities. 

2.1 Subordination of Liens. (a) Notwithstanding the date, manner or order of grant, attachment or perfection of any Junior Lien in
respect of any applicable Common Collateral or of any Senior Lien in respect of any Common Collateral and notwithstanding any provision of the Uniform Commercial Code, any applicable law, any security agreement, any alleged or actual defect or
deficiency in any of the foregoing or any other circumstances whatsoever, the Bank Group Representative on behalf of each of the Bank Group Secured Parties, the Pension Fund Representative on behalf of the Pension Fund Secured Parties and the
Convertible Note Representative on behalf of the Convertible Note Secured Parties with respect to such applicable Common Collateral hereby agrees that (i) any Senior Lien in respect of such Common Collateral, regardless of how acquired, whether
by grant, statute, operation of law, segregation or otherwise, shall be and shall remain senior and prior to any Junior Lien in respect of such Common Collateral, (ii) any Junior Second Lien in respect of such Common Collateral, regardless of
how acquired, whether by grant, statute, operation of law, segregation or otherwise, shall be and shall remain senior and prior to any Junior Third Lien in respect of such Common Collateral, (iii) any Junior Second Lien in respect of such
Common Collateral, regardless of how acquired, whether by grant, statute, operation of law, segregation or otherwise, shall be junior and subordinate in all respects to any Senior Lien in respect of such Common Collateral and (iv) any Junior
Third Lien in respect of such Common Collateral, regardless of how acquired, whether by grant, statute, operation of law, segregation or otherwise, shall be junior and subordinate in all respects to any Senior Lien and any Junior Second Lien in
respect of such Common Collateral. For the avoidance of doubt, the lien priorities with respect to the Common Collateral are set forth on Schedule D attached hereto. 

  
 16 

 (b) No Bank Group Secured Party, Convertible Note Secured Party or Pension Fund Secured
Party shall object to or contest, or support any other Person in contesting or objecting to, in any proceeding (including without limitation, any Insolvency Proceeding), the validity, extent, perfection, priority or enforceability of any security
interest of any Secured Party in any applicable Common Collateral. Notwithstanding any failure by any Bank Group Secured Party, Convertible Note Secured Party or Pension Fund Secured Party to perfect its security interests in any applicable Common
Collateral or any avoidance, invalidation or subordination by any third party or court of competent jurisdiction of the security interests in any applicable Common Collateral granted to the Bank Group Secured Parties, the Convertible Note Secured
Parties or the Pension Fund Secured Parties, the priority and rights as between the Bank Group Secured Parties, the Convertible Note Secured Parties and the Pension Fund Secured Parties with respect to any applicable Common Collateral shall be as
set forth herein. Without limiting the generality of the foregoing, for purposes of this Agreement, including Section 4.1 hereof, (i) the Pension Fund Representative shall be deemed to have a validly granted and perfected Senior Lien on
the Pension Priority Common Collateral described on Attachment A-2 to Schedule A as security for the Pension Fund Obligations as of the date hereof, and (ii) the Convertible Note Representative shall be deemed to have a validly granted
and perfected Junior Second Lien on the Pension Fund Collateral described on Attachment B-2 to Schedule B as security for the Convertible Note Obligations as of the date hereof, in each case, regardless whether any such Lien has been so
granted or perfected as of such date. 
 2.2 Nature of Obligations. Each of the Pension Fund Representative on behalf of
itself and the other Pension Fund Secured Parties and the Convertible Note Representative on behalf of the applicable Convertible Note Secured Parties acknowledges that subject to the terms of Section 6.1, the amount of Bank Group Obligations
that may be outstanding at any time or from time to time may be increased or reduced and subsequently increased, and that the terms of the Bank Group Obligations may be modified, extended or amended from time to time, and that the aggregate amount
of the Bank Group Obligations may be increased, replaced or refinanced, in each event, without notice to or consent by the Pension Fund Secured Parties or the Convertible Note Secured Parties and without affecting the provisions hereof. Each of the
Bank Group Representative on behalf of itself and the other Bank Group Secured Parties, and the Convertible Note Representative on behalf of the Convertible Note Secured Parties acknowledges that, subject to the terms of Section 6.1, the amount
of Pension Fund Obligations that may be outstanding at any time or from time to time may be increased or reduced and subsequently increased, and that the terms of the Pension Fund Obligations may be modified, extended or amended from time to time,
and that the aggregate amount of the Pension Fund Obligations may be increased, replaced or refinanced, in each event, without notice to or consent by the Bank Group Secured Parties, or the Convertible Note Secured Parties and without affecting the
provisions hereof. Each of the Bank Group Representative on behalf of itself and the other Bank Group Secured Parties and the Pension Fund Representative on behalf of the Pension Fund Secured Parties acknowledges that, subject to the terms of
Section 6.1, the amount of Convertible Note Obligations that may be outstanding at any time or from time to time may be increased or reduced and subsequently increased, and that the terms of the Convertible Note

  
 17 

 
Obligations may be modified, extended or amended from time to time, and that the aggregate amount of the Convertible Note Obligations may be increased, replaced or refinanced, in each event,
without notice to or consent by the Bank Group Secured Parties or the Pension Fund Secured Parties and without affecting the provisions hereof. The lien priorities provided in Section 2.1 shall not be altered or otherwise affected by any such
amendment, modification, supplement, extension, repayment, reborrowing, increase, replacement, renewal, restatement or refinancing of any of the Bank Group Obligations, the Convertible Note Obligations, the Pension Fund Obligations or any portion
thereof. Notwithstanding anything herein or in any applicable Loan Document to the contrary, the Secured Parties, the Bank Group Loan Parties and the Pension Fund Obligors agree that, except as provided in Section 5.2 with respect to permitted
Bank Group DIP Financings: 
  

	 	(x)	the excess of (i) the outstanding principal amount (including all reimbursement obligations in respect of letters of credit and assuming fully funded commitments
in respect thereof, but excluding, for the avoidance of doubt, interest, fees, hedging obligations, indemnification and similar obligations and bank services obligations) of any of the Bank Group Obligations, including, without limitation, any such
Bank Group Obligations arising pursuant to any amendment, modification, supplement, extension, repayment, reborrowing, replacement, renewal, restatement or refinancing of any such obligations and any such obligations arising under any Additional
Bank Group Agreement, over (ii) the aggregate outstanding principal amount (including all reimbursement obligations in respect of letters of credit and assuming fully funded commitments in respect thereof, but excluding, for the avoidance of
doubt, interest, fees, hedging obligations, indemnification and similar obligations and bank services obligations) of the Bank Group Obligations as of the date of this Agreement; 

 

	 	(y)	the excess of (i) the outstanding principal amount (excluding, for the avoidance of doubt, interest, fees, indemnification and similar obligations) of any of the
Pension Fund Obligations, including, without limitation, any such Pension Fund Obligations arising pursuant to any amendment, modification, supplement, extension, repayment, reborrowing, replacement, renewal, restatement or refinancing of any such
obligations and any such obligations arising under any Additional Pension Fund Agreement, over (ii) the aggregate outstanding principal amount (excluding, for the avoidance of doubt, interest, fees, indemnification and similar obligations) of
the Pension Fund Obligations as of the date of this Agreement; and 

  

	 	(z)	the excess of (i) the outstanding principal amount (excluding, for the avoidance of doubt, interest (including interest paid in kind), fees, indemnification and
similar obligations) of any of the Convertible Note Obligations, including, without limitation, any such Convertible Note Obligations arising pursuant to any amendment, modification, supplement, extension, repayment, reborrowing, replacement,
renewal, restatement or refinancing of any such obligations and any such obligations arising under any Additional Convertible Note Agreement, over (ii) the aggregate outstanding principal amount (excluding, for the avoidance of doubt, interest
(including interest paid in kind), fees, indemnification and similar obligations) of the Convertible Note Obligations as of the date of this Agreement; 

  
 18 

 shall not constitute Bank Group Obligations, Convertible Note Obligations or Pension Fund Obligations under
this Agreement, as applicable (the excess amounts specified in clauses (x), (y) and (z), collectively, the “Excess Obligations”), but shall be deemed to be subordinated in Lien priority fully to the Bank Group Obligations, the
Convertible Note Obligations and the Pension Fund Obligations (in each case, for the avoidance of doubt, other than any Excess Obligations), to the same extent that the Junior Liens are subordinated to the Senior Liens pursuant to this Agreement.

 2.3 Agreements Regarding Actions to Perfect Liens. (a) The Pension Fund Representative agrees on behalf of itself and
the other Pension Fund Secured Parties that all Mortgages now or thereafter filed against real property in favor of or for the benefit of the Pension Fund Secured Parties and/or the Pension Fund Representative to create a Junior Lien on Pension Fund
Collateral shall be substantially in form attached to the Existing Pension Fund Agreement as Exhibit B-2 thereto or shall otherwise be reasonably satisfactory to the Bank Group Representative (or the Convertible Note Representative solely to the
extent the Bank Group Obligations Payment Date has occurred) and shall contain the following notation (or such other notation as is reasonably acceptable to the Bank Group Representative (or the Convertible Note Representative solely to the extent
the Bank Group Obligations Payment Date has occurred) and the Pension Fund Representative): “The lien created by this mortgage on the property described herein is junior and subordinate to (i) the lien on such property created by any
mortgage, deed of trust or similar instrument now or hereafter granted to JPMorgan Chase Bank, National Association, as Collateral Agent or as Administrative Agent (as applicable), and its successors and assigns and (ii) the lien on such
property created by any mortgage, deed of trust or similar instrument now or hereafter granted to U.S. Bank National Association, as Collateral Trustee, and its successors and assigns, in each case in such property, in accordance with the provisions
of the Amended and Restated Intercreditor Agreement dated as of July 22, 2011 among JPMorgan Chase Bank, National Association, as Administrative Agent, Wilmington Trust Company, as Pension Fund Representative, U.S. Bank National Association, as
Convertible Note Representative, solely for purposes of Sections 3.1(c) and 11.3 thereof, JPMorgan Chase Bank, N.A., as ABL Representative, and YRC Worldwide Inc., and the other parties referred to therein, as amended, restated, supplemented or
otherwise modified from time to time.” 
 (b) The Bank Group Representative agrees on behalf of itself and the other Bank
Group Secured Parties that all Mortgages now or thereafter filed in favor of or for the benefit of the Bank Group Representative against Pension Fund Collateral in respect of which the Bank Group Representative shall have a Junior Lien shall be
amended or otherwise modified pursuant to documentation in form reasonably satisfactory to the Pension Fund Representative to reflect that the Lien created thereby is a Junior Lien and shall contain the following notation (or such other notation as
is reasonably acceptable to the Bank Group Representative and the Pension Fund Representative): “The lien created by this mortgage on the property described herein is junior and subordinate to the lien on such property created by any mortgage,
deed of trust or similar instrument now or hereafter granted to Wilmington Trust Company, as Collateral Trustee, and its successors and assigns, in such property, in accordance with the provisions of the Amended and Restated Intercreditor Agreement
dated as of July 22, 2011 among JPMorgan 

  
 19 

 
Chase Bank, National Association, as Administrative Agent, Wilmington Trust Company, as Pension Fund Representative, U.S. Bank National Association, as Convertible Note Representative, solely for
purposes of Sections 3.1(c) and 11.3 thereof, JPMorgan Chase Bank, N.A., as ABL Representative, and YRC Worldwide Inc., and the other parties referred to therein, as amended, restated, supplemented or otherwise modified from time to time.”

 (c) The Convertible Note Representative agrees on behalf of the Convertible Note Secured Parties that all
Mortgages now or thereafter filed against real property in favor of or for the benefit of the Convertible Note Secured Parties and/or the Convertible Note Representative to create a Junior Lien on Pension Priority Common Collateral shall be in form
reasonably satisfactory to the Bank Group Representative (with respect to any Pension Fund Collateral in respect of which the Bank Group Representative shall have a Senior Lien or a Junior Second Lien) and the Pension Fund Representative (with
respect to any Pension Priority Common Collateral) and shall contain the following notation (or such other notation as is reasonably acceptable to the Bank Group Representative or the Pension Fund Representative, as applicable, and the Convertible
Note Representative): “The lien created by this mortgage on the property described herein is junior and subordinate to the lien on such property created by any mortgage, deed of trust or similar instrument now or hereafter granted to JPMorgan
Chase Bank, National Association, as Collateral Agent or as Administrative Agent (as applicable), and its successors and assigns1 in such property, in accordance with the provisions of the Amended and Restated Intercreditor Agreement dated as of
July 22, 2011 among JPMorgan Chase Bank, National Association, as Administrative Agent, Wilmington Trust Company, as Pension Fund Representative, U.S. Bank National Association, as Convertible Note Representative, solely for the Purposes of
Sections 3.1(c) and 11.3 thereof, JPMorgan Chase Bank, N.A., as ABL Representative, and YRC Worldwide Inc., and the other parties referred to therein, as amended, restated, supplemented or otherwise modified from time to time.” 

(d) The Convertible Note Representative agrees on behalf of the Convertible Note Secured Parties that all Convertible Note Security
Documents entered into in favor of or for the benefit of the Convertible Note Secured Parties and/or the Convertible Note Representative to create a Junior Lien on Bank Group Priority Common Collateral shall be in form reasonably satisfactory to the
Bank Group Representative and shall contain the following notation (or such other notation as is reasonably acceptable to the Bank Group Representative): “The lien created by this [agreement][mortgage]
on the property described herein is junior and subordinate to the lien on such property created by any security agreement or similar instrument now or hereafter granted to JPMorgan Chase Bank, National Association, as Collateral Agent or as
Administrative Agent (as applicable), and its successors and assigns in such property, in accordance with the provisions of the Amended and Restated Intercreditor Agreement dated as of July 22, 2011 among JPMorgan Chase Bank, National
Association, as Administrative Agent, Wilmington Trust Company, as Pension Fund Representative, U.S. Bank National Association, as Convertible Note Representative, solely for the purposes of Section 3.1(c) and 11.3 hereof JPMorgan Chase Bank,
N.A., as ABL Representative, and YRC Worldwide Inc., and the other parties referred to therein, as amended, restated, supplemented or otherwise modified from time to time.” 

 
  

	1 	 INSERT THE FOLLOWING TO THE EXTENT THE PENSION FUND REPRESENTATIVE SHALL HAVE A SENIOR LIEN: and the lien on such property created by any mortgage,
deed of trust or similar instrument now or hereafter granted to Wilmington Trust Company, as Agent, and its successors and assigns, in each case, 

  
 20 

 2.4 Liens on the Escrow Accounts. Notwithstanding anything herein to the contrary,
the Bank Group Representative, the Bank Group Secured Parties, the Pension Fund Representative, the Pension Fund Secured Parties, the Convertible Note Representative and the Convertible Note Secured Parties acknowledge and agree that any grant of a
Lien to such parties by the Company shall not include a Lien on the Escrow Accounts until the applicable Escrow Agreement has been terminated in accordance with its terms. 
 SECTION 3. Enforcement Rights. 
 3.1 Exclusive Enforcement;
Standstill. (a) The Senior Secured Parties with respect to any Common Collateral shall have the exclusive right to take and continue any Enforcement Action with respect to any Senior Lien they have in such Common Collateral, without any
consultation with or consent of any Junior Secured Party, in accordance with the applicable Loan Documents. Upon the occurrence and during the continuance of a default or an event of default under the applicable Loan Documents governing the
indebtedness held by the Senior Secured Parties, the Senior Secured Representative and the other Senior Secured Parties may take and continue any Enforcement Action with respect to any Senior Lien they have in any applicable Common Collateral in
such order and manner as they may determine in their sole discretion in accordance with the applicable Loan Documents. 
 (b)
Notwithstanding anything herein to the contrary, with respect to any Common Collateral, the Junior Secured Parties, which are secured by a Lien that is immediately junior to the then Senior Lien with respect to such Common Collateral (the
“Secondary Secured Parties”) may take any Enforcement Action with respect to such Common Collateral or join with any person in commencing, or petition for or vote in favor of any Enforcement Action with respect to such Common
Collateral, after a period of 180 days has elapsed since the date on which the Representative for the Secondary Secured Parties has delivered to the Senior Secured Representative with respect to such Common Collateral written notice of the
acceleration of the indebtedness then outstanding under the applicable Loan Documents governing the indebtedness held by the Secondary Secured Parties (the “Standstill Period”); provided, however, that (A) notwithstanding the
expiration of the Standstill Period or anything herein to the contrary, in no event shall the Secondary Secured Parties take any Enforcement Action with respect to the applicable Common Collateral, or commence, join with any person in commencing, or
petition for or vote in favor of any resolution for, any Enforcement Action with respect to such Common Collateral, if the Senior Secured Representative or any other Senior Secured Party shall have commenced, and shall be diligently pursuing (or
shall have sought or requested relief from or modification of the automatic stay or any other stay in any Insolvency Proceeding to enable the commencement and pursuit thereof), any Enforcement Action with respect to such Common Collateral or any
such action or proceeding (prompt written notice thereof to be given to the Representative for the Secondary Secured Parties by the Senior Secured Representative) and (B) after the expiration of the Standstill Period, so long as neither the
Senior Secured Representative nor the Senior Secured Parties have commenced any action to enforce their Lien on any material portion of the applicable Common Collateral, in the event that and for so long as the Secondary Secured Parties (or the
their Representative on their behalf) have commenced any actions to 

  
 21 

 
enforce their Lien with respect to all or any material portion of such Common Collateral to the extent permitted hereunder and are diligently pursuing such actions, neither the Senior Secured
Parties nor the Senior Secured Representative shall take any action of a similar nature with respect to such Common Collateral; provided that all other provisions of this Agreement (including turnover provisions) are complied with. 

(c) Notwithstanding anything herein to the contrary, neither the Bank Group Representative, any other Bank Group Secured Party, the
Pension Fund Representative, any other Pension Fund Secured Party, the Convertible Note Representative nor any other Convertible Note Secured Party shall take any Enforcement Action with respect to, or join with any person in commencing, or petition
for or vote in favor of any Enforcement Action with respect to, any of the Company’s or any of its Subsidiaries’ trucks, other vehicles, rolling stock, terminals, depots or other storage facilities, in each case, whether leased or owned,
until after a period of 10 Business Days has elapsed since the date on which such Representative has delivered to the ABL Representative written notice of such Representative’s intention to exercise any such Enforcement Action under the
applicable Loan Documents governing the indebtedness held by the applicable Secured Parties (the “ABL Standstill Period”); provided, however, that the applicable Representative or Secured Parties may take any such Enforcement Action
or join with any person in commencing, or petitioning for or voting in favor of any such Enforcement Action prior to the end of the ABL Standstill Period if (i) an Exigent Circumstance arising as a result of fraud, theft, concealment,
destruction, waste or abscondment then exists or (ii) an Exigent Circumstance other than an Exigent Circumstance as described in clause (i) above then exists, and, after notice thereof has been provided by the applicable Representative to
the ABL Representative, the ABL Representative has consented thereto. During the ABL Standstill Period, the Company and its Subsidiaries may use, subject to the Liens granted pursuant to the applicable Loan Documents, trucks, equipment and other
properties of the Company and its Subsidiaries reasonably necessary to complete in-transit deliveries and collections upon the occurrence of a default or termination event under the ABL Agreement so long as all reasonable costs and expenses
associated with such use, including insurance, maintenance and security costs and expenses related to the use of such property, are paid solely from amounts maintained in the Escrow Accounts and the Company shall have used commercially reasonable
efforts to cause all such trucks, equipment or other properties to be returned on or before the end of the ABL Standstill Period to such destinations as shall be reasonably identified by the holder of the Senior Lien in respect of such property. The
parties hereto hereby acknowledge (i) that the ABL Representative, on behalf of the ABL Secured Parties, has executed this Agreement solely for purposes of this Section 3.1(c) and Section 11.3 and (ii) that the ABL Secured
Parties are creditors of the ABL Borrower and are not creditors of the Company or any of the Company’s Subsidiaries (other than the ABL Borrower). 
 (d) The Bank Group Secured Parties acknowledge and agree that the creation and funding of the Escrow Accounts is in the best interests of the Bank Group Secured Parties. The Bank Group Secured Parties
further agree that they will not, directly or indirectly, challenge or otherwise contest the creation of the Escrow Accounts or the Company’s use of the funds in the Escrow Accounts in accordance with the terms of the applicable Escrow
Agreements. 

  
 22 

 3.2 Standstill and Waivers. The Pension Fund Representative, on behalf of itself and
the other Pension Fund Secured Parties, the Bank Group Representative, on behalf of itself and the other Bank Group Secured Parties, and the Convertible Note Representative, on behalf of the Convertible Note Secured Parties, agree that, subject to
Section 3.1(b) and the provisos set forth in Section 5.1(a), (b) and (c): 
 (a) they will not take or cause to
be taken any action, the purpose or effect of which is to make (i) any Junior Lien on any applicable Common Collateral pari passu with or senior to, or to give any holder of a Junior Lien on any applicable Common Collateral any preference or
priority relative to, the Senior Liens with respect to any applicable Common Collateral or (ii) any Junior Third Lien on any applicable Common Collateral pari passu with or senior to, or to give any holder of a Junior Third Lien on any
applicable Common Collateral any preference or priority relative to, the Junior Second Liens with respect to any applicable Common Collateral; 
 (b) they will not contest, oppose, object to, interfere with, hinder or delay, in any manner, whether by judicial proceedings (including without limitation the filing of an Insolvency Proceeding) or
otherwise, any foreclosure, sale, lease, exchange, transfer or other disposition of any applicable Common Collateral by any holder of a Senior Lien or any other Enforcement Action taken (or any forbearance from taking any Enforcement Action) by or
on behalf of any holder of a Senior Lien with respect to any applicable Common Collateral; 
 (c) they have no right to
(i) direct the holder of a Senior Lien to exercise any right, remedy or power with respect to any applicable Common Collateral or (ii) consent or object to the exercise by the holder of a Senior Lien of any right, remedy or power with
respect to its Senior Lien on any applicable Common Collateral or to the timing or manner in which any such right is exercised or not exercised (or, to the extent they may have any such right described in this clause (c), whether as a junior lien
creditor or otherwise, they hereby irrevocably waive such right); 
 (d) they will not institute any suit or other proceeding or
assert in any suit, Insolvency Proceeding or other proceeding any claim against any holder of a Senior Lien seeking damages from or other relief by way of specific performance, instructions or otherwise with respect to any applicable Common
Collateral; 
 (e) they will not make any judicial or nonjudicial claim or demand or commence any judicial or non-judicial
proceedings with respect to a Junior Lien on any applicable Common Collateral (other than filing a proof of claim) or exercise any right, remedy or power under or with respect to, or otherwise take any action to enforce a Junior Lien on any
applicable Common Collateral, other than filing a proof of claim; 
 (f) they will not commence judicial or nonjudicial
foreclosure proceedings with respect to a Junior Lien on any applicable Common Collateral; and 
 (g) they will not seek, and
hereby waive any right, to have any applicable Common Collateral or any other assets or any part thereof marshalled upon any foreclosure or other disposition of the Common Collateral. 

3.3 Judgment Creditors. In the event that any Pension Fund Secured Party, Bank Group Secured Party or Convertible Note Secured
Party becomes a judgment lien creditor in respect of any applicable Common Collateral in respect of which such Secured Party has a Lien 

  
 23 

 
securing Junior Secured Obligations prior to the attachment of such judgment lien as a result of its enforcement of its rights as an unsecured creditor with respect to the Pension Fund
Obligations, the Bank Group Obligations or the Convertible Note Obligations, as applicable, such judgment lien shall be subject to the terms of this Agreement for all purposes to the same extent as all other Liens subject to the terms of this
Agreement. 
 3.4 Cooperation. The Pension Fund Representative, on behalf of itself and the other Pension Fund Secured
Parties, agrees that each of them shall take such actions as the Bank Group Representative or the Convertible Note Representative shall reasonably request in connection with the exercise by the Bank Group Secured Parties, or the Convertible Note
Secured Parties of their respective rights set forth herein but subject to the terms of the Bank Group Documents and the Convertible Note Documents, as applicable; the Bank Group Representative, on behalf of itself and the other Bank Group Secured
Parties, agrees that each of them shall take such actions as the Pension Fund Representative or the Convertible Note Representative shall reasonably request in connection with the exercise by the Pension Fund Secured Parties, or the Convertible Note
Secured Parties of their respective rights set forth herein but subject to the terms of the Pension Fund Documents and the Convertible Note Documents; and the Convertible Note Representative, on behalf of the Convertible Note Secured Parties, agree
that each of them shall take such actions as the Pension Fund Representative or the Bank Group Representative shall reasonably request in connection with the exercise by the Pension Fund Secured Parties or the Bank Group Secured Parties of their
respective rights set forth herein but subject to the terms of the Pension Fund Documents and the Bank Group Documents. 
 3.5
No Additional Rights For the Bank Group Loan Parties or Pension Fund Obligors Hereunder. Except as provided in Section 3.6 or as otherwise expressly set forth in the applicable Pension Fund Documents, Bank Group Documents or Convertible
Note Documents, if any Bank Group Secured Party, Pension Fund Secured Party or Convertible Note Secured Party shall enforce its rights or remedies in violation of the terms of this Agreement, no Bank Group Loan Party or Pension Fund Obligor shall be
entitled to use such violation as a defense to any action by any Bank Group Secured Party, Pension Fund Secured Party or Convertible Note Secured Party, as applicable, nor to assert such violation as a counterclaim or basis for set off or recoupment
against any Bank Group Secured Party, Pension Fund Secured Party or Convertible Note Secured Party, as applicable. 
 3.6
Actions Upon Breach. (a) Should any Pension Fund Secured Party, contrary to this Agreement, in any way take, attempt to or threaten to take any action with respect to its Junior Liens on the Pension Fund Collateral (including, without
limitation, any attempt to realize upon or enforce any remedy with respect to this Agreement with respect to its Junior Liens on the Pension Fund Collateral), or fail to take any action required by this Agreement with respect to its Junior Liens on
the Pension Fund Collateral, any Bank Group Secured Party (in its own name or in the name of the relevant Bank Group Loan Party), to the extent the Bank Group Obligations Payment Date has occurred, any Convertible Note Secured Party (in its own name
or in the name of the relevant Bank Group Loan Party) or the relevant Pension Fund Obligor may obtain relief against such Pension Fund Secured Party by injunction, specific performance and/or other appropriate equitable relief, it being understood
and agreed by the Pension Fund Representative on behalf of each Pension Fund Secured Party that (i) the Bank Group Secured Parties’, the Convertible Note Secured Parties’ and Bank Group Loan Parties’ damages from its

  
 24 

 
actions may at that time be difficult to ascertain and may be irreparable, and (ii) each Pension Fund Secured Party waives any defense that the Pension Fund Obligors, the Convertible Note
Secured Parties and/or the Bank Group Secured Parties cannot demonstrate damage and/or be made whole by the awarding of damages. 
 (b) Should any Bank Group Secured Party, contrary to this Agreement, in any way take, attempt to or threaten to take any action with respect to its Junior Liens on the Pension Priority Common Collateral
(including, without limitation, any attempt to realize upon or enforce any remedy with respect to this Agreement with respect to its Junior Liens on the Pension Priority Common Collateral), or fail to take any action required by this Agreement with
respect to its Junior Liens on the Pension Priority Common Collateral, any Pension Fund Secured Party (in its own name or in the name of the relevant Pension Fund Obligor) or the relevant Bank Group Loan Party may obtain relief against such Bank
Group Secured Party by injunction, specific performance and/or other appropriate equitable relief, it being understood and agreed by the Bank Group Representative on behalf of each Bank Group Secured Party that (i) the Pension Fund Secured
Parties’ and Bank Group Loan Parties’ damages from its actions may at that time be difficult to ascertain and may be irreparable, and (ii) each Bank Group Secured Party waives any defense that the Bank Group Loan Parties and/or the
Pension Fund Secured Parties cannot demonstrate damage and/or be made whole by the awarding of damages. 
 (c) Should any
Convertible Note Secured Party, contrary to this Agreement, in any way take, attempt to or threaten to take any action with respect to its Junior Liens on any Common Collateral (including, without limitation, any attempt to realize upon or enforce
any remedy with respect to this Agreement with respect to its Junior Liens on any Common Collateral), or fail to take any action required by this Agreement with respect to its Junior Liens on any Common Collateral, any Pension Fund Secured Party (in
its own name or in the name of the relevant Pension Fund Obligor), any Bank Group Secured Party (in its own name or in the name of the relevant Bank Group Loan Party) or the relevant Bank Group Loan Party may obtain relief against such Convertible
Note Secured Party by injunction, specific performance and/or other appropriate equitable relief, it being understood and agreed by the Convertible Note Representative on behalf of any Convertible Note Secured Party that (i) the Pension Fund
Secured Parties’, the Bank Group Secured Parties’ and Bank Group Loan Parties’ damages from its actions may at that time be difficult to ascertain and may be irreparable, and (ii) each Convertible Note Secured Party waives any
defense that the Bank Group Loan Parties, the Pension Fund Secured Parties and/or the Bank Group Secured Parties cannot demonstrate damage and/or be made whole by the awarding of damages. 

(d) Each Bank Group Loan Party and Pension Fund Obligor shall have the ability to utilize the terms and conditions of this Agreement as
either a basis to seek injunctive relief or as a defense in any litigation commenced by any party hereto in the event that such party hereto takes any action in contravention of the terms hereof. 

SECTION 4. Application Of Proceeds Of Common Collateral; Dispositions And Releases Of Common Collateral; Inspection and
Insurance. 

  
 25 

 4.1 Application of Proceeds; Turnover Provisions. All proceeds of any applicable
Common Collateral (including without limitation any interest earned thereon) resulting from the sale, collection or other disposition of such Common Collateral, whether or not pursuant to an Insolvency Proceeding, and any distribution in any
Insolvency Proceeding in respect of claims secured by such Common Collateral, shall be distributed as follows: first, to the holders of Senior Liens on such Common Collateral (for application to the outstanding Bank Group Obligations in
accordance with the Bank Group Documents (in the case of Senior Liens held by the Bank Group Secured Parties), or to the outstanding Pension Fund Obligations in accordance with the Pension Fund Documents (in the case of Senior Liens held by the
Pension Fund Secured Parties)) until Paid in Full, second, to the holders of Junior Second Liens on such Common Collateral (for application to the outstanding Bank Group Obligations in accordance with the Bank Group Documents (in the case of
Junior Second Liens held by the Bank Group Secured Parties) or to the outstanding Convertible Note Obligations in accordance with the Convertible Note Documents (in the case of Junior Second Liens held by the Convertible Note Secured Parties)) until
Paid in Full and thereafter, if applicable, to the holders of Junior Third Liens on such Common Collateral. Any Common Collateral, including without limitation any such Common Collateral constituting proceeds, that may be received by any
holder of a Junior Lien or which is otherwise received in violation of this Agreement shall be segregated and held in trust and promptly paid over to the applicable holder of the Senior Lien on such Common Collateral, in the same form as received,
with any necessary endorsements. Each Pension Fund Secured Party hereby authorizes the (i) the Bank Group Representative to make any such endorsements in respect of Pension Fund Collateral as agent for the Pension Fund Representative (which
authorization, being coupled with an interest, is irrevocable) and (ii) the Convertible Note Representative to make any such endorsements in respect of Pension Fund Collateral as agent for the Pension Fund Representative (which authorization,
being coupled with an interest, is irrevocable). Each Bank Group Secured Party hereby authorizes the Pension Fund Representative to make any such endorsements in respect of Pension Fund Collateral as agent for the Bank Group Representative (which
authorization, being coupled with an interest, is irrevocable). Each Convertible Note Secured Party hereby authorizes (i) the Pension Fund Representative and/or the Bank Group Representative to make any such endorsements in respect of Pension
Fund Collateral as agent for the Convertible Note Representative (which authorization, being coupled with an interest, is irrevocable) and (ii) the Bank Group Representative to make any such endorsements in respect of the Bank Group Priority
Common Collateral as agent for the Convertible Note Representative (which authorization, being coupled with an interest, is irrevocable). 
 4.2 Releases of Liens Upon Sale. Upon any release, sale or disposition of Common Collateral permitted pursuant to the terms of the Loan Documents governing the then Senior Secured Obligations that
results in the release of the Senior Lien on any applicable Common Collateral (including without limitation any sale or other disposition pursuant to any Enforcement Action, but excluding a release on or after the Payment in Full of the Senior
Secured Obligations), whether or not such sale or other disposition is expressly prohibited by the Loan Documents governing the then Junior Secured Obligations, the Junior Liens on such Common Collateral shall be automatically and unconditionally
released with no further consent or action of any Person and in any such instance, each of the Junior Secured Representatives shall, at the Company’s expense, promptly execute and deliver such release documents and instruments and shall take
such further actions as the Senior Secured Representative or the Company shall reasonably request in writing to evidence such release of the applicable Junior Liens. The Junior Secured Representatives with respect to any Common Collateral hereby

  
 26 

 
appoints the Senior Secured Representative with respect to such Common Collateral and any officer or duly authorized person of such Senior Secured Representative, 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 such Junior Secured Representative and in the name of such Junior Secured Representative or in such Senior Secured Representative’s own
name, from time to time, in such Senior Secured Representative’s sole discretion, for the purposes of carrying out the terms of this Section 4.2, to take any and all appropriate action and to execute and deliver any and all documents and
instruments as may be necessary or reasonably desirable to accomplish the purposes of this Section 4.2, including, without limitation, any financing statements, endorsements, assignments, releases or other documents or instruments of transfer
(without recourse, representation or warranty) (which appointment, being coupled with an interest, is irrevocable). 
 4.3
Inspection Rights. Any holder of a Senior Lien in respect of any Common Collateral and its representatives and invitees may at any time inspect, repossess, remove and otherwise deal with such Common Collateral, and may advertise and conduct
public auctions or private sales of such Common Collateral, in each case in accordance with the applicable Loan Documents. 

4.4 Access to the Facility, Books and Records. 
 (a) The Pension Fund Representative acknowledges and agrees, notwithstanding anything in this Agreement or any Pension Fund Agreement to the contrary, that (w) in connection with the exercise of Bank
Group Representative’s remedies against the Company or any other Bank Group Loan Party with respect to any collateral securing the Bank Group Obligations (other than the Pension Priority Common Collateral in respect of which the Pension Fund
Representative shall have a Senior Lien), (x) in connection with the exercise of the Convertible Note Representative’s remedies against the Company or any other Bank Group Loan Party with respect to any Pension Fund Collateral on which the
Convertible Note Representative has a Junior Second Lien or (y) if the Pension Fund Representative or any other Pension Fund Creditor should acquire possession of any Pension Priority Common Collateral in respect of which the Pension Fund
Representative shall have a Senior Lien, the Pension Fund Representative will allow, at the reasonable expense of the Company, so long as the Bank Group Representative or the Convertible Note Representative, as applicable, has the right to do so in
accordance with the Bank Group Documents or Convertible Note Documents, as applicable, and the Pension Fund Representative has received reasonably adequate evidence of insurance or other reasonable protection against economic loss arising from Bank
Group Representative’s or Convertible Note Representative’s, as applicable, exercise of such rights, Bank Group Representative’s or Convertible Note Representative’s reasonable access to any such Pension Priority Common
Collateral, upon at least two (2) days prior written notice (or such shorter period as may be mutually agreeable in Exigent Circumstances) and without unreasonable interference with the operations or record-keeping of such property, in order to
access any collateral securing the Bank Group Obligations (other than the Pension Priority Common Collateral) or Convertible Note Obligations (other than the Pension Priority Common Collateral), as applicable, located at such Pension Priority Common
Collateral for so long as reasonably necessary or reasonably required by Bank Group Representative or Convertible Note Representative, as applicable, to conclude its examination of and copying such Common Collateral and pursuing collection thereof.

  
 27 

 SECTION 5. Insolvency Proceedings. 

5.1 Filing of Motions. (a) The Pension Fund Representative agrees on behalf of itself and the other Pension Fund Secured Parties
that no Pension Fund Secured Party shall, in or in connection with any Insolvency Proceeding, file any pleadings or motions, take any position at any hearing or proceeding of any nature, or otherwise take any action whatsoever, in each case in
respect of any Junior Lien on the Pension Fund Collateral, including, without limitation, with respect to the determination of any Liens or claims held by the Bank Group Representative or any other Bank Group Secured Party (including the validity
and enforceability thereof), the determination of any Liens or claims held by the Convertible Note Representative or any other Convertible Note Secured Party (including the validity and enforceability thereof), or the value of any claims of such
parties under Section 506(a) of the Bankruptcy Code or otherwise; provided that the Pension Fund Representative and/or the Pension Fund Secured Parties may file a proof of claim in an Insolvency Proceeding, subject to the limitations
contained in this Agreement and only if consistent with the terms and the limitations on the Pension Fund Representative imposed hereby. 
 (b) The Bank Group Representative agrees on behalf of itself and the other Bank Group Secured Parties that no Bank Group Secured Party shall, in or in connection with any Insolvency Proceeding, file any
pleadings or motions, take any position at any hearing or proceeding of any nature, or otherwise take any action whatsoever, in each case in respect of any Junior Lien on the Pension Fund Collateral, including, without limitation, with respect to
the determination of any Liens or claims held by the Pension Fund Representative or any other Pension Fund Secured Party (including the validity and enforceability thereof), or the value of any claims of such parties under Section 506(a) of the
Bankruptcy Code or otherwise, as applicable; provided that the Bank Group Representative may file a proof of claim in an Insolvency Proceeding, subject to the limitations contained in this Agreement and only if consistent with the terms and
the limitations on the Bank Group Representative imposed hereby. 
 (c) The Convertible Note Representative agrees on behalf the
Convertible Note Secured Parties that no Convertible Note Secured Party shall, in or in connection with any Insolvency Proceeding, file any pleadings or motions, take any position at any hearing or proceeding of any nature, or otherwise take any
action whatsoever, in each case in respect of any Junior Lien on any Common Collateral, including, without limitation, with respect to the determination of any Liens or claims held by the Pension Fund Representative or any other Pension Fund Secured
Party (including the validity and enforceability thereof), the determination of any Liens or claims held by the Bank Group Representative or any other Bank Group Secured Party (including the validity and enforceability thereof), or the value of any
claims of such parties under Section 506(a) of the Bankruptcy Code or otherwise, as applicable; provided that the Convertible Note Representative may file a proof of claim in an Insolvency Proceeding, subject to the limitations contained
in this Agreement and only if consistent with the terms and the limitations on such Convertible Note Representative imposed hereby. 

  
 28 

 5.2 Financing Matters. 

(a) Subject to the terms of Section 5.2(c) below, if any Bank Group Loan Party becomes subject to any Insolvency Proceeding, and if
the Senior Secured Representative with respect to the Bank Group Priority Common Collateral or the other Senior Secured Parties with respect to the Bank Group Priority Common Collateral desire to consent (or not object) to the use of cash collateral
under the Bankruptcy Code or to provide financing to any Bank Group Loan Party under the Bankruptcy Code or to consent (or not object) to the provision of such financing to any Bank Group Loan Party by the Senior Secured Representative with respect
to the Bank Group Priority Common Collateral or the other Senior Secured Parties with respect to the Bank Group Priority Common Collateral (any such financing, “Bank Group DIP Financing”), then each of the Junior Secured
Representatives with respect to the Bank Group Priority Common Collateral agrees, on behalf of itself and the other applicable Junior Secured Parties with respect to the Bank Group Priority Common Collateral, that, except to the extent that such
Bank Group DIP Financing seeks to impose a Lien that is senior to or equal in priority to Senior Liens held on Common Collateral other than the Bank Group Priority Common Collateral by the Pension Fund Secured Parties, each such Junior Secured
Party, in each case in its respective capacity as a secured creditor (a) will be deemed to have consented to, will raise no objection to, nor support any other Person objecting to, the use of such cash collateral or to such Bank Group DIP
Financing, (b) will not request or accept adequate protection or any other relief in connection with the use of such cash collateral or such Bank Group DIP Financing except as set forth in paragraph 5.4 below and (c) agrees that notice
received two calendar days prior to the entry of an order approving such usage of cash collateral or approving such financing shall be adequate notice; provided that the interest rate, fees, advance rates, lending limits and sub-limits and other
terms are commercially reasonable under the circumstances. 
 (b) Notwithstanding anything herein or in any other applicable
Loan Document, the aggregate principal amount of all Bank Group DIP Financings permitted hereunder shall not exceed $175,000,000 at any time; provided, however, that the aggregate amount of such Bank Group DIP Financing shall be in addition to the
total amount of the Bank Group Obligations outstanding as of the date of commencement of any Insolvency Proceeding (such total amount of Bank Group Obligations outstanding as of the date of commencement of any Insolvency Proceeding being the
“Bank Group Rollup Amount”), and any Bank Group Rollup Amount shall be secured solely by the Bank Group Priority Common Collateral. Notwithstanding anything herein to the contrary, the interest rate applicable to the Bank Group
Rollup Amount, if any, shall be no higher than the maximum interest rate permitted to be applicable to the Bank Group Obligations pursuant to Section 6.1(b). 
 5.3 Relief From the Automatic Stay. (a) The Pension Fund Representative agrees, on behalf of itself and the other Pension Fund Secured Parties, that none of them will seek relief from the automatic
stay or from any other stay in any Insolvency Proceeding or take any action in derogation thereof, in each case in respect of any Pension Fund Collateral on which it has a Junior Lien, without the prior written consent of the Bank Group
Representative or the Convertible Note Representative (solely to the extent that the Bank Group Obligations Payment Date has occurred). 
 (b) The Bank Group Representative agrees, on behalf of itself and the other Bank Group Secured Parties, that none of them will seek relief from the automatic stay or from any other stay in any Insolvency
Proceeding or take any action in derogation thereof, in each case in respect of any Pension Fund Collateral on which it has a Junior Lien, without the prior written consent of the Pension Fund Representative. 

  
 29 

 (c) The Convertible Note Representative agrees, on behalf of the Convertible Note Secured
Parties, that none of them will seek relief from the automatic stay or from any other stay in any Insolvency Proceeding or take any action in derogation thereof, in each case in respect of (i) any Pension Priority Common Collateral, without the
prior written consent of the Pension Fund Representative or (ii) any Bank Group Priority Common Collateral, without the prior written consent of the Bank Group Representative. 

5.4 Adequate Protection. (a) The Pension Fund Representative, on behalf of itself and the other Pension Fund Secured Parties
(other than in their respective capacities as unsecured creditors), agrees that none of them shall object to, contest, or support any other Person objecting to or contesting, (i) any request by the Bank Group Representative or the other Bank
Group Secured Parties or the Convertible Note Representative or other Convertible Note Secured Party for adequate protection with respect to their Senior Liens or Junior Second Liens (other than in respect of Pension Priority Common Collateral), as
applicable, or any adequate protection provided to the Bank Group Representative or the other Bank Group Secured Parties or the Convertible Note Representative or other Convertible Note Secured Party, as applicable with respect to their Senior Liens
or Junior Second Liens (other than in respect of Pension Priority Common Collateral), as applicable, or (ii) any objection by the Bank Group Representative or any other Bank Group Secured Parties or the Convertible Note Representative or other
Convertible Note Secured Party to any motion, relief, action or proceeding based on a claim of a lack of adequate protection with respect to their Senior Liens or Junior Second Liens (other than in respect of Pension Priority Common Collateral), as
applicable, or (iii) the payment of interest, fees, expenses or other amounts to the Bank Group Representative or any other Bank Group Secured Party or the Convertible Note Representative or other Convertible Note Secured Party under
Section 506(b) or 506(c) of the Bankruptcy Code or otherwise. In any Insolvency Proceeding, (x) if the Bank Group Secured Parties (or any subset thereof) or Convertible Note Secured Parties (or any subset thereof) are granted adequate
protection with respect to their Senior Liens or Junior Second Liens, as applicable, on the Pension Fund Collateral (other than Pension Priority Common Collateral) consisting of additional collateral (with replacement Liens on such additional
collateral) and/or superpriority claims in connection with any Bank Group DIP Financing or use of cash collateral, and the Bank Group Secured Parties or Convertible Note Secured Parties, as applicable, do not object to the adequate protection being
provided to the Bank Group Secured Parties or Convertible Note Secured Parties, as applicable, then in connection with any such Bank Group DIP Financing or use of cash collateral the Pension Fund Representative, on behalf of itself and any of the
Pension Fund Secured Parties, may seek or accept adequate protection with respect to their Junior Liens on the Pension Fund Collateral consisting solely of (A) a replacement Lien on the same additional collateral, subordinated to the Senior
Liens securing the Bank Group Obligations and Junior Second Liens securing the Convertible Note Obligations and such Bank Group DIP Financing on the same basis as the other Junior Liens securing the Pension Fund Obligations are so subordinated to
the Bank Group Obligations and Convertible Note Secured Obligations under this Agreement and (B) superpriority claims junior in all respects to the superpriority claims granted to the Bank Group Secured Parties and Convertible Note Secured
Obligations, respectively, provided, however, that the Pension Fund Representative shall have irrevocably agreed, pursuant to Section 1129(a)(9) of 

  
 30 

 
the Bankruptcy Code, on behalf of itself and the Pension Fund Secured Parties, in any stipulation and/or order granting such adequate protection with respect to their Junior Liens on the Pension
Fund Collateral, that such junior superpriority claims may be paid under any plan of reorganization in any combination of cash, debt, equity or other property having a value on the effective date of such plan equal to the allowed amount of such
claims and (y) in the event the Pension Fund Representative, on behalf of itself and the Pension Fund Secured Parties, seeks or accepts adequate protection with respect to their Junior Liens on the Pension Fund Collateral in accordance with
clause (x) above and such adequate protection is granted in the form of additional collateral, then the Pension Fund Representative, on behalf of itself or any of the Pension Fund Secured Parties, agrees that the Bank Group Representative and
the Convertible Note Representative shall also be granted a Senior Lien on such additional collateral as security for the Bank Group Obligations and Convertible Note Obligations, as applicable, and any such Bank Group DIP Financing and that any Lien
on such additional collateral securing the Pension Fund Obligations shall be subordinated to the Liens on such collateral securing the Bank Group Obligations and Convertible Note Obligations, as applicable, and any such Bank Group DIP Financing (and
all obligations relating thereto) and any other Liens granted to the Bank Group Secured Parties and the Convertible Note Secured Parties as adequate protection, with such subordination to be on the same terms that the other Junior Liens securing the
Pension Fund Obligations are subordinated to the Senior Liens or Junior Second Liens on the Pension Fund Collateral securing such Bank Group Obligations or Convertible Note Obligations, as applicable, under this Agreement. The Pension Fund
Representative, on behalf of itself and the other Pension Fund Secured Parties, agrees that except as expressly set forth in this Section none of them shall seek or accept adequate protection with respect to their Junior Liens on the Pension Fund
Collateral without the prior written consent of the Bank Group Representative or the Convertible Note Representative, as applicable. 
 (b) The Bank Group Representative, on behalf of itself and the other Bank Group Secured Parties (other than in their respective capacities as unsecured creditors), agrees that none of them shall object
to, contest, or support any other Person objecting to or contesting, (i) any request by the Pension Fund Representative or the other Pension Fund Secured Parties for adequate protection with respect to their Senior Liens on the Pension Priority
Common Collateral, any adequate protection provided to the Pension Fund Representative or the other Pension Fund Secured Parties with respect to their Senior Liens on the Pension Priority Common Collateral or (ii) any objection by the Pension
Fund Representative or any other Pension Fund Secured Parties to any motion, relief, action or proceeding based on a claim of a lack of adequate protection with respect to their Senior Liens on the Pension Priority Common Collateral or
(iii) the payment of interest, fees, expenses or other amounts to the Pension Fund Representative or any other Pension Fund Secured Party under Section 506(b) or 506(c) of the Bankruptcy Code or otherwise with respect to their Senior Liens
on the Pension Priority Common Collateral. In any Insolvency Proceeding, (x) if the Pension Fund Secured Parties (or any subset thereof) are granted adequate protection with respect to their Senior Liens on the Pension Priority Common
Collateral consisting of additional collateral (with replacement Liens on such additional collateral) and/or superpriority claims in connection with any Bank Group DIP Financing or use of cash collateral, and the Pension Fund Secured Parties do not
object to the adequate protection being provided to the Pension Fund Secured Parties, then in connection with any such Bank Group DIP Financing or use of cash collateral the Bank Group Representative, on behalf of itself and any of the Bank Group
Secured Parties, may seek or accept adequate protection with respect 

  
 31 

 
to their Junior Liens on the Pension Priority Common Collateral, consisting solely of (A) a replacement Lien on the same additional collateral, subordinated to the Senior Liens securing the
Pension Fund Obligations, and such Bank Group DIP Financing on the same basis as the other Junior Liens securing the Bank Group Obligations are so subordinated to the Pension Fund Obligations under this Agreement and (B) superpriority claims
junior in all respects to the superpriority claims granted to the Pension Fund Secured Parties, provided, however, that the Bank Group Representative shall have irrevocably agreed, pursuant to Section 1129(a)(9) of the Bankruptcy
Code, on behalf of itself and the Bank Group Secured Parties, in any stipulation and/or order granting such adequate protection with respect to their Junior Liens on the Pension Priority Common Collateral, that such junior superpriority claims may
be paid under any plan of reorganization in any combination of cash, debt, equity or other property having a value on the effective date of such plan equal to the allowed amount of such claims and (y) in the event the Bank Group Representative,
on behalf of itself and the Bank Group Secured Parties, seeks or accepts adequate protection with respect to their Junior Liens on the Pension Priority Common Collateral in accordance with clause (x) above and such adequate protection is
granted in the form of additional collateral, then the Bank Group Representative, on behalf of itself or any of the Bank Group Secured Parties, agrees that the Pension Fund Representative shall also be granted a Senior Lien on such additional
collateral as security for the Pension Fund Obligations, and any such Bank Group DIP Financing and that any Lien on such additional collateral securing the Bank Group Obligations shall be subordinated to the Liens on such collateral securing the
Pension Fund Obligations, and any such Bank Group DIP Financing (and all obligations relating thereto) and any other Liens granted to the Pension Fund Secured Parties as adequate protection, with such subordination to be on the same terms that the
other Junior Liens securing the Bank Group Obligations are subordinated to the Senior Liens on the Pension Priority Common Collateral securing such Pension Fund Obligations under this Agreement. The Bank Group Representative, on behalf of itself and
the other Bank Group Secured Parties, agrees that except as expressly set forth in this Section none of them shall seek or accept adequate protection with respect to their Junior Liens on the Pension Priority Common Collateral without the prior
written consent of the Pension Fund Representative. 
 (c) The Convertible Note Representative, on behalf of the Convertible
Note Secured Parties (other than in their respective capacities as unsecured creditors), agrees that none of them shall object to, contest, or support any other Person objecting to or contesting, (i) any request by the Pension Fund
Representative or the other Pension Fund Secured Parties or the Bank Group Representative or the other Bank Group Secured Parties for adequate protection with respect to their Senior Liens or Junior Second Liens on any applicable Common Collateral,
or any adequate protection provided to the Pension Fund Representative or the other Pension Fund Secured Parties or the Bank Group Representative or the other Bank Group Secured Parties with respect to their Senior Liens or Junior Second Liens on
any applicable Common Collateral or (ii) any objection by the Pension Fund Representative or the other Pension Fund Secured Parties or the Bank Group Representative or the other Bank Group Secured Parties to any motion, relief, action or
proceeding based on a claim of a lack of adequate protection with respect to their Senior Liens or Junior Second Liens on any applicable Common Collateral or (iii) the payment of interest, fees, expenses or other amounts to the Pension Fund
Representative or the other Pension Fund Secured Parties or the Bank Group Representative or the other Bank Group Secured Parties under Section 506(b) or 506(c) of the Bankruptcy Code or otherwise with respect to their Senior Liens or Junior
Second Liens on any applicable Common Collateral. In any Insolvency 

  
 32 

 
Proceeding, (x) if the Pension Fund Secured Parties (or any subset thereof) or the Bank Group Secured Parties (or any subset thereof) are granted adequate protection with respect to their
Senior Liens or Junior Second Liens on any applicable Common Collateral consisting of additional collateral (with replacement Liens on such additional collateral) and/or superpriority claims in connection with any Bank Group DIP Financing or use of
cash collateral, and the Pension Fund Secured Parties or Bank Group Secured Parties, as applicable, do not object to the adequate protection being provided to the Pension Fund Secured Parties or Bank Group Secured Parties, as applicable, then in
connection with any such Bank Group DIP Financing or use of cash collateral the Convertible Note Representative, on behalf of the Convertible Note Secured Parties, may seek or accept adequate protection with respect to their Junior Liens on the
applicable Common Collateral consisting solely of (A) a replacement Lien on the same additional collateral, subordinated to the Senior Liens and, if applicable, Junior Second Liens, securing the Pension Fund Obligations or Bank Group
Obligations, as applicable, and such Bank Group DIP Financing on the same basis as the other Junior Liens securing the Convertible Note Obligations are so subordinated to the Pension Fund Obligations or Bank Group Obligations, as applicable, under
this Agreement and (B) superpriority claims junior in all respects to the superpriority claims granted to the Pension Fund Secured Parties or Bank Group Secured Parties, as applicable, provided, however, that the Convertible Note
Representative shall have irrevocably agreed, pursuant to Section 1129(a)(9) of the Bankruptcy Code, on behalf of itself and the Convertible Note Secured Parties, in any stipulation and/or order granting such adequate protection with respect to
their Junior Liens on the applicable Common Collateral that such junior superpriority claims may be paid under any plan of reorganization in any combination of cash, debt, equity or other property having a value on the effective date of such plan
equal to the allowed amount of such claims and (y) in the event the Convertible Note Representative, on behalf of the applicable Convertible Note Secured Parties, seeks or accepts adequate protection with respect to their Junior Liens on the
applicable Common Collateral in accordance with clause (x) above and such adequate protection is granted in the form of additional collateral, then the Convertible Note Representative, on behalf of the Convertible Note Secured Parties, agrees
that the Pension Fund Representative or Bank Group Representative, as applicable, shall also be granted a Senior Lien on such additional collateral as security for the Pension Fund Obligations or Bank Group Obligations, as applicable, and any such
Bank Group DIP Financing and that any Lien on such additional collateral securing the Convertible Note Obligations shall be subordinated to the Liens on such collateral securing the Pension Fund Obligations or Bank Group Obligations, as applicable,
and any such Bank Group DIP Financing (and all obligations relating thereto) and any other Liens granted to the Pension Fund Secured Parties or Bank Group Secured Parties, as applicable, as adequate protection, with such subordination to be on the
same terms that the other Junior Liens securing the Convertible Note Obligations are subordinated to the Senior Liens or Junior Second Liens, as applicable, on the applicable Common Collateral securing such Pension Fund Obligations or Bank Group
Obligations, as applicable, under this Agreement. The Convertible Note Representative, on behalf of the Convertible Note Secured Parties, agrees that except as expressly set forth in this Section none of them shall seek or accept adequate protection
with respect to their Junior Liens on any applicable Common Collateral without the prior written consent of the Pension Fund Representative or Bank Group Representative, as applicable, that holds such Senior Lien or Junior Second Lien, as
applicable, on such Common Collateral. 

  
 33 

 5.5 Avoidance Issues. If any holder of a Senior Lien or Junior Second Lien on any
Common Collateral is required in any Insolvency Proceeding or otherwise to disgorge, turn over or otherwise pay to the estate of any Bank Group Loan Party, because such amount was avoided or ordered to be paid or disgorged for any reason, including
without limitation because it was found to be a fraudulent or preferential transfer, any amount (a “Recovery”), whether received as proceeds of security, enforcement of any right of set-off or otherwise, then the Bank Group
Obligations, Pension Fund Obligations or Convertible Note Obligations, as applicable, shall be reinstated to the extent of such Recovery and deemed to be outstanding as if such payment had not occurred. If this Agreement shall have been terminated
prior to such Recovery, this Agreement shall be reinstated in full force and effect, and such prior termination shall not diminish, release, discharge, impair or otherwise affect the obligations of the parties hereto. The parties to this Agreement
agree that none of them shall be entitled to benefit from any avoidance action affecting or otherwise relating to any distribution or allocation made with respect to any applicable Common Collateral in accordance with this Agreement, whether by
preference or otherwise, it being understood and agreed that the benefit of such avoidance action otherwise allocable to them shall instead be allocated and turned over for application in accordance with the priorities set forth in this Agreement.

 5.6 Asset Dispositions in an Insolvency Proceeding. No Junior Secured Parties shall, in an Insolvency Proceeding or
otherwise, oppose any sale or disposition of any assets of any Bank Group Loan Party or any Pension Fund Obligor comprising any applicable Common Collateral that is supported by the holder of a Senior Lien on such asset or assets comprising such
applicable Common Collateral, and all such parties will be deemed to have consented under Section 363 and/or Section 1123(a)(5)(d), as applicable, of the Bankruptcy Code (and otherwise) to any such sale and to have released their Liens on
such assets; provided that, Junior Secured Parties may credit bid on the applicable Common Collateral in any such sale or disposition in accordance with Section 363(k) of the Bankruptcy Code; provided further that, any such
credit bid must contemplate the payment in full in cash of the Bank Group Obligations, Pension Fund Obligations and/or Convertible Note Obligations, to the extent such obligations are secured by Liens that are senior in priority to the Lien of the
Junior Secured Parties making such credit bid with respect to the Common Collateral that is the subject of such sale or disposition, upon closing of any resulting sale or disposition. 

5.7 Separate Grants of Security and Separate Classification. Each Pension Fund Secured Party, Bank Group Secured Party and
Convertible Note Secured Party acknowledges and agrees that (a) the grants of Liens pursuant to the Bank Group Security Documents, the Pension Fund Security Documents and the Convertible Note Security Documents constitute separate and distinct
grants of Liens and (b) because of, among other things, their differing rights in the applicable Common Collateral, (i) the Bank Group Obligations, the Convertible Note Obligations and the Pension Fund Obligations secured by the Pension
Fund Collateral are fundamentally different from each other and (ii) the Bank Group Obligations and Convertible Note Obligations secured by the Bank Group Priority Common Collateral are fundamentally different from each other, and in each case
must be separately classified in any plan of reorganization proposed or adopted in an Insolvency Proceeding. 
 5.8 Rights as
Secured Creditors. No Secured Party may exercise rights and remedies as a secured creditor against any Bank Group Loan Party or Pension Fund Obligor, as applicable, other than in accordance with the terms of this Agreement, the applicable Loan
Documents and applicable law. 

  
 34 

 5.9 Effectiveness in Insolvency Proceedings. This Agreement, which the parties hereto
expressly acknowledge is a “subordination agreement” under section 510(a) of the Bankruptcy Code, shall be effective before, during and after the commencement of an Insolvency Proceeding. 

SECTION 6. Pension Fund Documents, Bank Group Documents and Convertible Note Documents. 

6.1 Amendments. 
 (a) Each Pension Fund Obligor and the Pension Fund Representative, on behalf of itself and the Pension Fund Secured Parties, agrees that it shall not at any time execute or deliver any amendment or other
modification to any of the Pension Fund Documents inconsistent with or in violation of this Agreement. Each Bank Group Loan Party and the Bank Group Representative, on behalf of itself and the Bank Group Secured Parties, agrees that it shall not at
any time execute or deliver any amendment or other modification to any of the Bank Group Documents inconsistent with or in violation of this Agreement. Each Bank Group Loan Party and the Convertible Note Representative, on behalf of the Convertible
Note Secured Parties, agrees that it shall not at any time execute or deliver any amendment or other modification to any of the Convertible Note Documents inconsistent with or in violation of this Agreement. 

(b) Notwithstanding the foregoing, the Bank Group Representative, the Bank Group Secured Parties and the Bank Group Loan Parties may not,
without the prior written consent of the Convertible Note Representative, (i) amend, modify, supplement, extend, replace, renew, restate or refinance any Bank Group Obligations (other than any Bank Group DIP Financing, but including any Bank
Group Rollup Amount) if the effect thereof is to increase the interest rate applicable thereto by more than 2.0% per annum (other than the imposition of the default rate of interest as provided in the Bank Group Documents as of the date
hereof); provided that payment of any amendment, consent or waiver fee shall be equated to interest rates based on an assumed three-year average life to maturity without any present value discount or (ii) sell, assign, transfer or encumber any
interest in the Bank Group Obligations or the Bank Group Documents to any person or entity not bound by this Agreement in the same manner as the Bank Group Representative is bound under this Agreement (e.g., no Bank Group Secured Party may sell the
Bank Group Obligations to an entity that would not be bound by this Agreement). 
 (c) Notwithstanding the foregoing, the
Pension Fund Representative, the Pension Fund Secured Parties and the Pension Fund Obligors may not, without the prior written consent of the Bank Group Representative and the Convertible Note Representative, (i) amend, modify, supplement,
extend, replace, renew, restate or refinance any Pension Fund Obligations if the effect thereof is to (x) increase the interest rate applicable thereto (other than the imposition of the default rate of interest as provided in the Pension Fund
Documents as of the date hereof) or by virtue of Section 6.06 of the Existing Pension Fund Agreement as in effect on the date of this Agreement), (y) shorten the scheduled final maturity date of the Pension Fund Obligations or any
scheduled date of interim amortization thereof (other than in connection with the acceleration of the Pension Fund Obligations in accordance with the terms of the Pension Fund Documents or 

  
 35 

 
by virtue of Section 6.06 of the Existing Pension Fund Agreement as in effect on the date of this Agreement) or otherwise shorten the weighted average life to maturity of the Pension Fund
Obligations, or (z) add amortization payments or modify the amortization schedule of the Pension Fund Obligations in a manner adverse to the Bank Group Loan Parties (other than by virtue of Section 6.06 of the Existing Pension Fund
Agreement as in effect on the date of this Agreement) or (ii) sell, assign, transfer or encumber any interest in the Pension Fund Obligations or the Pension Fund Documents to any person or entity not bound by this Agreement in the same manner
as Pension Fund Representative is bound under this Agreement (e.g., no Pension Fund Secured Party may sell the Pension Fund Obligations to an entity that would not be bound by this Agreement). 

(d) Notwithstanding the foregoing, the Convertible Note Representative and the Convertible Note Secured Parties may not, without the
prior written consent of the Bank Group Representative, (i) change the methodology to calculate the interest rate applicable to any Convertible Note Obligations if the effect thereof is to increase the interest rate applicable thereto (other
than the imposition of the default rate of interest as provided in the Convertible Note Documents as of the date hereof), (ii) shorten the scheduled final maturity date of the Convertible Note Obligations or any scheduled date of interim
amortization thereof (other than in connection with the acceleration of the Convertible Note Obligations in accordance with the terms of the Convertible Note Documents) or otherwise shorten the weighted average life to maturity of the Convertible
Note Obligations, (iii) add amortization payments or modify the amortization schedule of the Convertible Note Obligations in a manner adverse to the Bank Group Loan Parties or (iv) sell, assign, transfer or encumber any interest in the
Convertible Note Obligations or the Convertible Note Documents to any person or entity not bound to this Agreement in the same manner as the Convertible Note Representative is bound under this Agreement (e.g., no Convertible Note Secured Party may
sell the Convertible Note Obligations to an entity that would not be bound by this Agreement). 
 6.2 Waivers.

 (a) In the event the Bank Group Representative enters into any amendment, waiver or consent in respect of any of the Bank
Group Security Documents creating a Senior Lien on Pension Fund Collateral for the purpose of adding to, or deleting from, or waiving or consenting to any departures from any provisions of, any Bank Group Security Document or changing in any manner
the rights of any parties thereunder, then such amendment, waiver or consent shall apply automatically to any comparable provision of the Comparable Pension Fund Security Document and Comparable Convertible Note Security Document without the consent
of or action by any Pension Fund Secured Party or any Convertible Note Secured Party (with all such amendments, waivers and modifications subject to the terms hereof); provided that (i) no such amendment, waiver or consent shall have the
effect of removing assets subject to the Lien of any Pension Fund Security Document or Convertible Note Security Document, except to the extent that a release of such Lien is required by Section 4.2, (ii) other than with respect to
amendments, modifications or waivers that secure additional extensions of credit and add additional secured creditors and do not violate the express provisions of the Pension Fund Documents or the Convertible Note Documents, as applicable, any such
amendment, waiver or consent that materially and adversely affects the rights of the Pension Fund Secured Parties or Convertible Note Secured Parties, as applicable, and does not affect the Bank Group Secured Parties in a like

  
 36 

 
or similar manner shall not apply to the Pension Fund Security Documents or Convertible Note Security Documents, as applicable, without the consent of the Pension Fund Representative or the
Convertible Note Representative, as applicable, and (iii) notice of such amendment, waiver or consent shall be given to the Pension Fund Representative and the Convertible Note Representative, as applicable, no later than 30 days after its
effectiveness, provided that the failure to give such notice shall not affect the effectiveness and validity thereof. 
 (b) In
the event the Pension Fund Representative enters into any amendment, waiver or consent in respect of any of the Pension Fund Security Documents creating a Senior Lien on Pension Priority Common Collateral for the purpose of adding to, or deleting
from, or waiving or consenting to any departures from any provisions of, any Pension Fund Security Document or changing in any manner the rights of any parties thereunder, then such amendment, waiver or consent shall apply automatically to any
comparable provision of the Comparable Bank Group Security Document and Comparable Convertible Note Security Document without the consent of or action by any Bank Group Secured Party or any Convertible Note Secured Party (with all such amendments,
waivers and modifications subject to the terms hereof); provided that, (i) no such amendment, waiver or consent shall have the effect of removing assets subject to the Lien of any Bank Group Security Document or Convertible Note Security
Document, except to the extent that a release of such Lien is required by Section 4.2, (ii) any such amendment, waiver or consent that materially and adversely affects the rights of the Bank Group Secured Parties or Convertible Note
Secured Parties, as applicable, and does not affect the Pension Fund Secured Parties in a like or similar manner shall not apply to the Bank Group Security Documents or Convertible Note Security Documents, as applicable, without the consent of the
Bank Group Representative or the Convertible Note Representative, as applicable, and (iii) notice of such amendment, waiver or consent shall be given to the Bank Group Representative and the Convertible Note Representative no later than 30 days
after its effectiveness, provided that the failure to give such notice shall not affect the effectiveness and validity thereof. 

(c) In the event the Bank Group Obligations Payment Date has occurred and the Convertible Note Representative enters into any amendment,
waiver or consent in respect of any of the Convertible Note Security Documents creating a Senior Lien on Bank Group Priority Common Collateral for the purpose of adding to, or deleting from, or waiving or consenting to any departures from any
provisions of, any Convertible Note Security Document or changing in any manner the rights of any parties thereunder, then such amendment, waiver or consent shall apply automatically to any comparable provision of the Comparable Pension Fund
Security Document without the consent of or action by any Pension Fund Secured Party (with all such amendments, waivers and modifications subject to the terms hereof); provided that, (i) no such amendment, waiver or consent shall have the
effect of removing assets subject to the Lien of any Pension Fund Security Document, except to the extent that a release of such Lien is required by Section 4.2, (ii) any such amendment, waiver or consent that materially and adversely
affects the rights of the Pension Fund Secured Parties and does not affect the Convertible Note Secured Parties in a like or similar manner shall not apply to the Pension Fund Security Documents without the consent of the Pension Fund Representative
and (iii) notice of such amendment, waiver or consent shall be given to the Pension Fund Representatives no later than 30 days after its effectiveness, provided that the failure to give such notice shall not affect the effectiveness and
validity thereof. 

  
 37 

 (d) The Pension Fund Representative hereby waives any and all rights to have any assets or
other property of any Bank Group Loan Party marshalled upon any foreclosure or other disposition thereof by the Bank Group Representative or the Convertible Note Representative or by the Company or any other Bank Group Loan Party at the direction of
Bank Group Representative or applicable Convertible Note Secured Party. 
 (e) The Convertible Note Representative hereby waives
any and all rights to have any assets or other property of any Bank Group Loan Party marshalled upon any foreclosure or other disposition thereof by the Bank Group Representative or by the Company or any other Bank Group Loan Party at the direction
of Bank Group Representative. 
 SECTION 7. Reliance; Waivers; etc. 

7.1 Reliance. All extensions of credit under the Bank Group Documents after the date hereof are deemed to have been made or
incurred in reliance upon this Agreement. The Pension Fund Representative, on behalf of it itself and the Pension Fund Secured Parties, expressly waives all notice of the acceptance of and reliance on this Agreement by the Bank Group Secured Parties
and the Convertible Note Secured Parties. The Pension Fund Documents are deemed to have been executed and delivered and all extensions of credit thereunder are deemed to have been made or incurred, in reliance upon this Agreement. The Bank Group
Representative expressly waives all notices of the acceptance of and reliance by the Pension Fund Secured Parties and the Convertible Note Secured Parties. The Convertible Note Documents are deemed to have been executed and delivered and all
extensions of credit thereunder are deemed to have been made or incurred, in reliance upon this Agreement. The Convertible Note Representative expressly waives all notices of the acceptance of and reliance by the Pension Fund Secured Parties, any
other Convertible Note Secured Party and the Bank Group Secured Parties. 
 7.2 No Warranties or Liability. Each of the
Pension Fund Representative, the Bank Group Representative and the Convertible Note Representative acknowledge and agree that no party has made any representation or warranty to the other with respect to the execution, validity, legality,
completeness, collectibility or enforceability of any Bank Group Document, any Pension Fund Document or any Convertible Note Document (except as expressly set forth in Section 11.13 hereof). Except as otherwise provided in this Agreement, the
Pension Fund Representative, the Bank Group Representative and the Convertible Note Representative will be entitled to manage and supervise their respective extensions of credit to any Bank Group Loan Party or Pension Fund Obligor, as applicable, in
accordance with law and their usual practices, modified from time to time as they deem appropriate. 
 7.3 No Waivers. No
right or benefit of any party hereunder shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of such party or any other party hereto or by any noncompliance by any Bank Group Loan Party or Pension Fund
Obligor, as applicable, with the terms and conditions of any of the Bank Group Documents. the Pension Fund Documents or the Convertible Note Document. 

  
 38 

 SECTION 8. Convertible Note Secured Parties’ Purchase Option. 

8.1 Notice of Exercise. Subject to Section 8.5 hereof and to the extent permitted by applicable law, at any time following
the receipt of a Trigger Notice or at any time following the commencement of an Insolvency Proceeding, the Convertible Note Secured Parties (other than the Convertible Note Representative) shall have the continuing option (the “Purchase
Option”) to purchase all of the Bank Group Obligations from the Bank Group Secured Parties (such Convertible Note Secured Parties that exercise the Purchase Option are hereinafter referred to as the “Purchasing
Noteholders”) upon five (5) Business Days prior written notice from the Purchasing Noteholders (or their Representative) to the Bank Group Representative (the “Purchase Notice”). Prior to delivering the Purchase Notice
to the Bank Group Representative (hereinafter referred to following the delivery of a Purchase Notice as the “Selling Representative” or “Selling Representatives”), the Purchasing Noteholders shall have delivered
cash or other immediately available funds in escrow to such escrow agent (the “Escrow Agent”) as the Purchasing Noteholders shall determine in an aggregate amount equal to the full amount of the Bank Group Obligations (the
obligations subject to the Purchase Notice are hereinafter referred to as the “Purchase Option Obligations”) as provided in Section 8.3 hereof on the date of the Purchase Notice (plus such other amounts as the Convertible Note
Representative and/or the Escrow Agent shall require in accordance with their arrangements with the Purchasing Noteholders). The Purchasing Noteholders shall send the Purchase Notice to the applicable Selling Representatives only after all required
funds have been delivered to the Escrow Agent, and the Escrow Agent shall confirm to the Selling Representatives in writing that such cash or other funds have been so received by Escrow Agent. Once received by the Selling Representatives, the
Purchase Notice shall be irrevocable. Notwithstanding anything in this Section 8 to the contrary, if the Restructuring Convertible Note Secured Parties (other than the Restructuring Convertible Note Representative) shall have given a Purchase
Notice with respect to any Purchase Option Obligations, the New Money Convertible Note Secured Parties (other than the New Money Convertible Note Representative) may, on or prior to the date specified as the closing date for the purchase of such
Purchase Option Obligations in such Purchase Notice, acquire the right to purchase such Purchase Option Obligations from the applicable Restructuring Convertible Note Secured Parties upon one (1) Business Day prior written notice and by
delivering an amount in cash or other immediately available funds equal to the amount deposited with the Escrow Agent by the applicable Restructuring Convertible Note Secured Parties to the Restructuring Convertible Note Representative (such right,
the “Right of First Refusal”). To the extent that the Restructuring Convertible Note Secured Parties (other than the Restructuring Convertible Note Representative) wish to exercise the Purchase Option, they shall deliver
concurrently with delivery of the Purchase Notice to the applicable Selling Representatives, a copy of such Purchase Notice to the New Money Convertible Note Secured Parties, as well as details for a bank account to which cash or other immediately
available funds should be delivered to, if the New Money Convertible Note Secured Parties (other than the New Money Convertible Note Representative) wish to exercise their Right of First Refusal. 

8.2 Purchase and Sale. To the extent permitted by applicable law, on the date specified in the Purchase Notice (which date shall
not be less than five (5) Business Days, nor more than twenty (20) Business Days, after the receipt by the Selling Representatives of the Purchase Notice), the Bank Group Secured Parties, shall sell to the Purchasing Noteholders, and the
Purchasing Noteholders shall purchase from the Bank Group Secured Parties in the manner provided in this Section 8, their pro rata portion of the full amount of all of the Purchase Option Obligations; provided that, the Bank Group Secured
Parties selling such Purchase Option 

  
 39 

 
Obligations shall retain all rights to be indemnified or held harmless by the Bank Group Loan Parties in accordance with the terms of the applicable Loan Documents but shall not retain any rights
to the security therefor. Each of the Bank Group Secured Parties hereby represents and warrants that, as of the date hereof, no approval of any court or other regulatory or governmental authority is required for such sale. 

8.3 Payment of Purchase Price. Upon the date of such purchase and sale, the Purchasing Noteholders shall, by deposit with the
Escrow Agent as provided in Section 8.1 hereof, authorize the Escrow Agent to (a) pay to the Bank Group Secured Parties as the purchase price therefor their pro rata portion of the full amount of all the Purchase Option Obligations then
outstanding and unpaid (including principal, interest, fees and expenses, including reasonable attorneys’ fees and legal expenses, but excluding the early termination fee payable pursuant to the applicable Loan Documents), (b) furnish
their pro rata portion of cash collateral to the Bank Group Secured Parties for one hundred three and one-half percent (103.5%) of the aggregate undrawn face amount of any issued and outstanding letters of credit provided the Bank Group Secured
Parties and to secure the Bank Group Secured Parties for one hundred percent (100%) of the Bank Group Loan Parties’ other contingent obligations as provided in the applicable Loan Documents, including but not limited to, any Bank Services
Obligations or Swap Obligations (determined as of the date of such purchase and sale), (c) agree to reimburse the Bank Group Secured Parties for their pro rata portion of any loss, cost, damage or expense (including reasonable attorneys’
fees and legal expenses) in connection with any commissions, fees, costs or expenses related to any issued and outstanding letters of credit as described above and any checks or other payments provisionally credited to the Purchase Option
Obligations, and/or as to which the Bank Group Secured Parties have not yet received final payment, (d) agree to reimburse the Bank Group Secured Parties in respect of indemnification obligations of the Bank Group Loan Parties under the
applicable Loan Documents that result in any loss, cost, damage or expense (including reasonable attorneys’ fees and legal expenses) to the Bank Group Secured Parties; provided, that, in no event will the Purchasing Noteholders have any
liability for such amounts in excess of their pro rata portion of proceeds of the applicable Common Collateral received by the Convertible Note Representative or the Purchasing Noteholders and (e) agree to indemnify and hold harmless the Bank
Group Secured Parties from and against their pro rata portion of any loss, liability, claim, damage or expense (including reasonable fees and expenses of legal counsel) arising out of any claim asserted by a third party in respect of the applicable
Purchase Option Obligations or applicable Common Collateral as a direct result of any acts by the Convertible Note Representative or the Purchasing Noteholders occurring after the date of such purchase. Such purchase price and cash collateral shall
be remitted by wire transfer in federal funds to such bank account of the applicable Seller Representative as such Seller Representative may designate in writing to Escrow Agent for such purpose. Interest shall be calculated to but excluding the
Business Day on which such purchase and sale shall occur if the amounts so paid by the Purchasing Noteholders to the bank account designated by applicable Seller Representative are received in such bank account prior to 1:00 p.m., New York City time
and interest shall be calculated to and including such Business Day if the amounts so paid by the Purchasing Noteholders to the bank account designated by the applicable Seller Representative are received in such bank account later than 1:00 p.m.,
New York City time. 

  
 40 

 8.4 Limitation on Representations and Warranties. Such purchase shall be expressly
made without representation or warranty of any kind by the Bank Group Secured Parties as to the Purchase Option Obligations or otherwise and without recourse to the Bank Group Secured Parties, except that the Bank Group Secured Parties shall
represent and warrant: (a) the amount of the Purchase Option Obligations being purchased from them, (b) that the Bank Group Secured Parties own the applicable Purchase Option Obligations free and clear of any Liens or encumbrances and
(c) that the Bank Group Secured Parties have the right to assign such Purchase Option Obligations and the assignment is duly authorized. 
 8.5 Notice of Exercise of Remedies. 
 (a) The Bank Group Representative
will deliver to the Convertible Note Representative at least five (5) Business Days prior written notice (or, if Exigent Circumstances exist, such shorter period as is deemed practicable under such circumstances by the Bank Group
Representative) of its intention to commence any Enforcement Action or accelerate the Bank Group Obligations (such notice being a “Trigger Notice”). If an Exigent Circumstance exists, the applicable Representative will give the
Convertible Note Representative the Trigger Notice as soon as practicable and in any event contemporaneously with the taking of such action, and the Convertible Note Representative (and not any other Representative) shall have the obligation to
deliver any Trigger Notice to the other Convertible Note Secured Parties and covenants to do so within a commercially reasonable time following receipt thereof from the applicable Representative. 

(b) Unless an Exigent Circumstance exists, for a period not to exceed five (5) Business Days following delivery of a Trigger Notice
from the applicable Representative to the Convertible Note Representative, and at any time following the receipt by a Seller Representative of a Purchase Notice from the Purchasing Noteholders (or their Representative), the applicable Secured
Parties shall not commence (and following receipt of a Purchase Notice shall not further pursue) any foreclosure or other action to sell or otherwise realize upon the applicable Common Collateral (provided that continuing collection of accounts
receivable and other actions permitted under the applicable Loan Documents shall not be prohibited hereunder), provided, that, the applicable Secured Parties’ forbearance shall terminate if the purchase and sale with respect to the applicable
Purchase Option Obligations provided for herein shall not have closed and the applicable Secured Parties shall not have received Payment in Full of the applicable Purchase Option Obligations as provided for herein on or prior to the date specified
as the closing date for such purchase in the applicable Purchase Notice. 
 SECTION 9. Bailment for Perfection of
Certain Security Interests. 
 Each of the Bank Group Representative, on behalf of itself and each Bank Group Secured Party,
and the Convertible Note Representative, on behalf of itself and each Convertible Note Secured Party, hereby acknowledge that, to the extent that it or a third party on its behalf, holds physical possession of or has “control” (as defined
in the Uniform Commercial Code) over, or is noted as a lienholder on or maintains possession or custody of any certificate of title with respect to any vehicle constituting, Common Collateral pursuant to the Bank Group Security Documents or the
Convertible Note Security Documents, as applicable, the Bank Group Representative, on behalf of itself and each Bank Group Secured Party, and the Convertible Note Representative, on its behalf and each Convertible Note Secured Party, as applicable,
each agree to, directly or through a third party, hold or control, or suffer to exist any notation thereof as lienholder on or 

  
 41 

 
maintain possession or custody of such certificate of title with respect to any vehicle constituting, such Common Collateral as bailee and as non-fiduciary agent for the Bank Group Representative
or the Convertible Note Representative, as applicable (such bailment and agency being intended, among other things, to satisfy the requirements of Sections 9-313(c), 9-104, 9-105, 9-106, and 9-107 of the UCC and applicable certificate of title
laws), solely for the purpose of (i) perfecting the security interest (including any second-priority or third-priority security interest) granted under the Bank Group Documents or the Convertible Note Documents, as applicable, in such Common
Collateral and (ii) maintaining possession and custody by persons other than the Company or any subsidiary thereof (and providing for safekeeping) of any certificates of title with respect to any vehicles constituting Common Collateral in which
any such security instrument has so been granted, all subject to the terms and conditions of this Section 9 (the Bank Group Representative or the Convertible Note Representative in such capacity, the “Control Representative”).
Nothing in this Section 9 shall be construed to impose any duty on the Bank Group Representative or the Convertible Note Representative (or any third party acting on either such Person’s behalf) or create any fiduciary relationship with
respect to such Common Collateral or provide the Bank Group Representative, any Bank Group Secured Party, the Convertible Note Representatives or any Convertible Note Secured Party, as applicable, with any rights with respect to such Common
Collateral beyond those specified in this Agreement, the Bank Group Security Documents and the Convertible Note Security Documents, as applicable; provided, that subsequent to the occurrence of the Bank Group Obligations Payment Date (so long as the
Convertible Notes Obligations have not been Paid in Full), the Bank Group Representative shall (i) deliver to the Convertible Note Representative, at the Bank Group Loan Parties’ sole cost and expense, the Common Collateral (or, in the
case of vehicles constituting Common Collateral, any certificates of title with respect to such vehicles) in its possession or custody or control together with any necessary endorsements or (in the case of certificates of title for vehicles)
releases of Liens to the extent required by the Bank Group Documents or this Agreement or (ii) direct and deliver such Common Collateral (or, in the case of vehicles constituting Common Collateral, any certificates of title with respect to such
vehicles) as a court of competent jurisdiction otherwise directs. For the avoidance of doubt, nothing in this Section 9 is intended to satisfy any obligation on the part of any Bank Group Loan Party pursuant to any applicable Loan Document in
respect of the attachment or perfection of a Lien in any Collateral to the extent the action contemplated in this Section 9 does not result in the attachment or perfection of such Lien. 

SECTION 10. Obligations Unconditional. 
 10.1 Bank Group Obligations Unconditional. All rights and interests of the Bank Group Secured Parties hereunder, and all agreements and obligations of the Pension Fund Secured Parties and the
Convertible Note Secured Parties (and, to the extent applicable, the Bank Group Loan Parties) hereunder, shall remain in full force and effect irrespective of: 
 (a) any lack of validity or enforceability of any Bank Group Document; 
 (b) any
change in the time, place or manner of payment of, or in any other term of, all or any portion of the Bank Group Obligations, or any amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement,
refunding or restatement of any Bank Group Document; 

  
 42 

 (c) prior to the Bank Group Obligations Payment Date, any exchange, release, voiding,
avoidance or non-perfection of any security interest in any Common Collateral or any other collateral, or any release, amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding or
restatement of all or any portion of the Bank Group Obligations or any guarantee or guaranty thereof; or 
 (d) any other
circumstances that otherwise might constitute a defense available to, or a discharge of, any Bank Group Loan Party in respect of the Bank Group Obligations, or of any of the Pension Fund Representative, the Convertible Note Representative or any
Bank Group Loan Party, to the extent applicable, in respect of this Agreement (other than performance or payment). 
 10.2
Pension Fund Obligations Unconditional. All rights and interests of the Pension Fund Secured Parties hereunder, and all agreements and obligations of the Bank Group Secured Parties and the Convertible Note Secured Parties (and, to the extent
applicable, the Pension Fund Obligors) hereunder, shall remain in full force and effect irrespective of: 
 (a) any lack of
validity or enforceability of any Pension Fund Document; 
 (b) any change in the time, place or manner of payment of, or in any
other term of, all or any portion of the Pension Fund Obligations, or any amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding or restatement of any Pension Fund Document;

 (c) any exchange, release, voiding, avoidance or non-perfection of any security interest in any Pension Common Collateral or
any other collateral, or any release, amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding or restatement of all or any portion of the Pension Fund Obligations or any
guarantee or guaranty thereof; or 
 (d) any other circumstances that otherwise might constitute a defense available to, or a
discharge of, any Pension Fund Obligor in respect of the Pension Fund Obligations or any Bank Group Secured Party, any Convertible Note Secured Party or any Pension Fund Obligor in respect of this Agreement (other than performance or payment).

 10.3 Convertible Note Obligations Unconditional. All rights and interests of the Convertible Note Secured Parties
hereunder, and all agreements and obligations of the Bank Group Secured Parties and the Pension Fund Secured Parties (and, to the extent applicable, the Bank Group Loan Parties) hereunder, shall remain in full force and effect irrespective of:

 (a) any lack of validity or enforceability of any Convertible Note Document; 

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

  
 43 

 (c) any exchange, release, voiding, avoidance or non-perfection of any security interest in
any Common Collateral or any other collateral, or any release, amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding or restatement of all or any portion of the Convertible
Note Obligations or any guarantee or guaranty thereof; or 
 (d) any other circumstances that otherwise might constitute a
defense available to, or a discharge of, any Bank Group Loan Party in respect of the Convertible Note Obligations or any Bank Group Secured Party, any Pension Fund Secured Party or any Bank Group Loan Party in respect of this Agreement (other than
performance or payment). 
 SECTION 11. Miscellaneous. 

11.1 Conflicts. In the event of any conflict between the provisions of this Agreement and the provisions of any Bank Group
Document, any Pension Fund Document or any Convertible Note Document, the provisions of this Agreement shall govern. With respect to the Pension Fund Representative and the other Pension Fund Secured Parties and the obligations of the Pension Fund
Representative under the Pension Fund Documents only, in the event of a conflict between this Agreement and the Pension Fund Documents, the terms of the Pension Fund Documents shall govern and control. With respect to the Convertible Note
Representative and the other applicable Convertible Note Secured Parties and the obligations of the Convertible Note Representative (and the New Money Convertible Note Representative and the Restructuring Convertible Note Representative) under the
applicable Convertible Note Documents only, in the event of a conflict between this Agreement and such Convertible Note Documents, the terms of the applicable Convertible Note Documents shall govern and control. 

11.2 Continuing Nature of Provisions. This Agreement shall continue to be effective, and shall not be revocable by any party
hereto, until the latest to occur of (i) Bank Group Obligations Payment Date, (ii) the date on which all of the outstanding Convertible Note Obligations shall have been Paid in Full and (iii) the date on which all of the outstanding
Pension Fund Obligations shall have been Paid in Full. This is a continuing agreement and the parties hereto 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, Company or any other Bank Group Loan Party on the faith hereof. 
 11.3
Amendments; Waivers. (a) No amendment or modification of any of the provisions of this Agreement shall be effective unless the same shall be in writing and signed by the Bank Group Representative, the Pension Fund Representative and the
Convertible Note Representative, and, in the case of amendments or modifications of this Agreement that directly affect the rights or duties of any Bank Group Loan Party or Pension Fund Obligor, such Bank Group Loan Party or Pension Fund Obligor, as
applicable, which includes, without limitation, amendments to Section 9 and, in the case of amendments to Section 3.1(c) or 11.3, the ABL Representative; provided that no amendment or modification of Section 2.4 or 3.1(d) of
this Agreement shall be effective unless (i) the Escrow Agreements have been terminated in accordance with their terms or (ii) the ABL Representative consents to such amendment or modification. 

  
 44 

 (b) Subject to the last sentence of Section 2.2, it is understood that the Bank Group
Representative, the Pension Fund Representative and the Convertible Note Representative, without the consent of any other Bank Group Secured Party, Pension Fund Secured Party or Convertible Note Secured Party, may in their discretion determine that
a supplemental agreement (which may take the form of an amendment and restatement of this Agreement) is necessary or appropriate to facilitate having additional indebtedness or other obligations (“Additional Debt”) of any of the
Bank Group Loan Parties become Bank Group Obligations, of any of the Pension Fund Obligors become Pension Fund Obligations, of any Bank Group Loan Party become Convertible Note Obligations, as the case may be, under this Agreement, which
supplemental agreement shall specify whether such Additional Debt constitutes Bank Group Obligations, Pension Fund Obligations or Convertible Note Obligations, provided, that, in the case of any such Additional Debt such Additional Debt is
permitted to be incurred by the Loan Documents then extant, and is permitted by such Loan Documents to be subject to the provisions of this Agreement as Bank Group Obligations, Pension Fund Obligations or Convertible Note Obligations, as applicable.

 11.4 Information Concerning Financial Condition of the Company and the other Bank Group Loan Parties. Each of the
Pension Fund Secured Parties (other than the Pension Fund Representative), the Bank Group Representative and the Convertible Note Secured Parties (other than the Convertible Note Representative) hereby assume responsibility for keeping itself
informed of the financial condition of the Company and each of the other Bank Group Loan Parties or Pension Fund Obligors, as applicable, and all other circumstances bearing upon the risk of nonpayment of the Bank Group Obligations, the Pension Fund
Obligations or the Convertible Note Obligations. The Pension Fund Representative, the Bank Group Representative and the Convertible Note Representative 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 Pension Fund Representative, the Bank Group Representative or the Convertible Note Representative, in its sole discretion, undertakes at any time or from time to time to provide
any information to any other party to this Agreement, it shall be under no obligation (a) to provide any such information to such other party or any other party on any subsequent occasion, (b) to undertake any investigation not a part of
its regular business routine, or (c) to disclose any other information. Nothing contained in this Agreement or otherwise will in any event be deemed to constitute any party the agent of any other party hereto for any purpose nor to create any
fiduciary relationship between any party hereto and any other party hereto. 
 11.5 Governing Law. This Agreement shall
be construed in accordance with and governed by the law of the State of New York, except as otherwise required by mandatory provisions of law and except to the extent that remedies provided by the laws of any jurisdiction other than the State of New
York are governed by the laws of such jurisdiction. 
 11.6 Submission to Jurisdiction. (a) Each Bank Group Secured
Party, each Pension Fund Secured Party, each Convertible Note Secured Party, each Bank Group Loan Party and each Pension Fund Obligor 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 such 

  
 45 

 
party 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 such party 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 the any Bank Group Secured Party, Pension Fund Secured Party or Convertible Note Secured Party may otherwise have to bring any action or proceeding against any Bank Group Loan Party, Pension Fund Obligor or
its properties in the courts of any jurisdiction. 
 (b) Each Bank Group Secured Party, each Pension Fund Secured Party, each
Convertible Note Secured Party and each Bank Group Loan Party and each Pension Fund Obligor hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so (i) any objection it may now or hereafter have
to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement in any court referred to in paragraph (a) of this Section and (ii) the defense of an inconvenient forum to the maintenance of such action
or proceeding. 
 (c) Each party to this Agreement irrevocably consents to service of process in the manner provided for notices
in Section 11.7. Nothing in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 
 11.7 Notices. 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 or electronic mail and shall be deemed to have been given when delivered in person or by courier service, upon receipt of a telecopy or electronic mail or five days after deposit in
the United States mail (certified, with postage prepaid and properly addressed). For the purposes hereof, the addresses of the parties hereto (until notice of a change thereof is delivered as provided in this Section) shall be as set forth below
each party’s name on the signature pages hereof, or, as to each party, at such other address as may be designated by such party in a written notice to all of the other parties. Notwithstanding the foregoing, no notice or other communication to
the Convertible Note Representative, the Restructuring Convertible Note Representative or the New Money Convertible Note Representative shall be deemed to have been given or delivered until actually received by it at the address designated by it
pursuant to this Section 11.7. 
 11.8 Successors and Assigns. This Agreement shall be binding upon and inure to the
benefit of each of the parties hereto and each of the Bank Group Secured Parties, Pension Fund Secured Parties and Convertible Note Secured Parties and their respective successors and assigns, and nothing herein is intended, or shall be construed to
give, any other Person (other than the Bank Group Loan Parties as set forth in Section 3.5, 3.6 and 9.3 and the ABL Secured Parties as set forth in Sections 3.1(c) and 11.3) any right, remedy or claim under, to or in respect of this Agreement
or any applicable Common Collateral. 
 11.9 Headings. Section headings used herein are for convenience of reference
only, are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement. 

  
 46 

 11.10 Severability. Any provision of this Agreement held to be invalid, illegal or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the
invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. 
 11.11 Counterparts; Integration; Effectiveness. This Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an
original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Agreement by telecopy or electronic PDF transmission shall be effective as delivery of a manually
executed counterpart of this Agreement. This Agreement shall become effective when it shall have been executed by each party hereto. 
 11.12 WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT AND FOR ANY
COUNTERCLAIM THEREIN. 
 11.13 Authority to Execute. By its signature, the Bank Group Representative executes this
Agreement by and on behalf of itself and the Bank Group Secured Parties, and represents and warrants that it is duly authorized to execute this Agreement on its behalf and on behalf of the Bank Group Secured Parties. By its signature, the Pension
Fund Representative executes this Agreement by and on behalf of itself and the Pension Fund Secured Parties, and represents and warrants that it is duly authorized to execute this Agreement on its behalf and on behalf of the Pension Fund Secured
Parties in its capacity as agent under the Existing Pension Fund Agreement. By its signature, the Convertible Note Representative executes this Agreement by and on behalf of the applicable Convertible Note Secured Parties, and represents and
warrants that it is duly authorized to execute this Agreement on its behalf and on behalf of the applicable Convertible Note Secured Parties in its capacity as collateral trustee under the Collateral Trust Agreement. By its signature, the ABL
Representative executes this Agreement by and on behalf of itself and the ABL Secured Parties, and represents and warrants that it is duly authorized to execute this Agreement on its behalf and on behalf of the ABL Secured Parties. 

11.14 No Effect on Other Obligations. Notwithstanding anything in this Agreement to the contrary, nothing contained in this
Agreement shall be construed or interpreted or is intended as a waiver of or limitation on any rights, powers, privileges or remedies that any Pension Fund Secured Party has or may have under its respective participation agreement(s) or under
applicable law with respect to any contributions or other obligations of any of the Pension Fund Obligors or their affiliates to such Pension Fund Secured Party, other than the Pension Fund Obligations (all such other required contributions and
obligations being “Other Obligations”). The Bank Group Representative and the Convertible Note Representative hereby agree, on behalf of itself and the Bank Group Secured Parties or Convertible Note Secured Parties, as applicable,
that this Agreement in no way restricts the Pension Fund Secured Parties from exercising (and that each of the Pension Fund Secured Parties are free to exercise) any and all rights, powers, privileges or remedies that any Pension Fund Secured Party
may have by contract or under applicable law with respect to Other Obligations. As to the Pension Fund Obligations, 

  
 47 

 
except as otherwise set forth in this Agreement (including, without limitation, Sections 3.2, 3.3, 4.1 and 5.6 of this Agreement), the Pension Fund Representative and the Pension Fund Secured
Parties may exercise rights and remedies, and take actions in any Insolvency Proceeding, as unsecured creditors in accordance with the terms of the Pension Fund Documents and applicable law. 

11.15 Relationship between the Pension Fund Representative, the Pension Fund Secured Parties, the Convertible Note Representative, the
Convertible Note Secured Parties and Local Counsel for the Bank Group Representative. The Pension Fund Representative, for itself and for the benefit of the Pension Fund Secured Parties, and the Convertible Note Representative, on behalf of the
applicable Convertible Note Secured Parties, acknowledges and agrees that local counsel for the Bank Group Representative, by furnishing any legal opinions requested by the Pension Fund Representative or the Convertible Note Representative in
respect of the Pension Fund Representative’s Lien on the Pension Fund Collateral or the Convertible Note Representative’s Lien on any applicable Common Collateral, and any advice related thereto does not intend to create, and by such
action does not create, any attorney/client relationship with the Pension Fund Representative or any Pension Fund Secured Party or the Convertible Note Representative or any Convertible Note Secured Party. In addition, the Pension Fund
Representative, for itself and for the benefit of the Pension Fund Secured Parties, and the Convertible Note Representative, on behalf of itself and the applicable Convertible Note Secured Parties, agrees that the delivery of such legal opinions
will not constitute a basis for disqualification of such local counsel in connection with any matters that such local counsel might at any time hereafter undertake on behalf of the Bank Group Representative or any Bank Group Secured Party that could
be considered adverse to the interests of the Pension Fund Representative or any Pension Fund Secured Party or the Convertible Note Representative or any Convertible Note Secured Party with respect to, or involving, the Bank Group Loan Parties. This
provision is expressly intended to be for the benefit of all local counsel for the Bank Group Representative, and the Pension Fund Representative and the Convertible Note Representative acknowledges that such local counsel are relying on this
provision in connection with the issuance of their legal opinions to the Pension Fund Representative and the Convertible Note Representative, as applicable. Subject to the Pension Fund Representative’s, on behalf of itself and the other Pension
Fund Secured Parties, and the Convertible Note Representative’s, on behalf of the applicable Convertible Note Secured Parties, agreement to the foregoing, the Bank Group Representative hereby directs such local counsel to deliver such requested
opinions to the Pension Fund Representative and the other Pension Fund Secured Parties and to the Convertible Note Representative and the applicable Convertible Note Secured Parties, provided that any fees, charges and disbursements of such local
counsel in connection with the preparation, negotiation and delivery of such legal opinions shall be for the ratable account of the Pension Fund Secured Parties (other than the Pension Fund Representative) or the applicable Convertible Note Secured
Parties (other than the Convertible Note Representative) to the extent not otherwise paid by the Bank Group Loan Parties. 

11.16 Originator Intercreditor Agreement. In the event that any Bank Group Representative or Convertible Note Representative
becomes a holder or a pledgee of an Originator Subordinated Secured Note, such Representative, on behalf of its applicable Secured Parties, acknowledges and agrees that as a holder it will be bound by, and as a pledgee, any such pledge or exercise
of remedies under such pledge shall be subject to, the terms of the Originator 

  
 48 

 
Intercreditor Agreement. In the event of any conflict between the terms of any Originator Subordinated Secured Note and the Originator Intercreditor Agreement, the terms of the Originator
Intercreditor Agreement shall govern as among the Bank Group Representative, the Convertible Note Representative, the ABL Representative and the Bank Group Loan Parties, as applicable. 

11.17 Designation by Pension Fund Representative. The Pension Fund Representative hereby designates Wilmington Trust,
National Association, successor by merger to Wilmington Trust FSB, a federal savings bank, and may hereafter designate any other affiliate of the Pension Fund Representative, as sub-agent on behalf of the Pension Fund Representative (in such
capacity, the “Sub-Agent”), for purposes of perfecting and otherwise being and acting as the secured party in respect of the Pension Fund Lien on the Pension Fund Collateral, and the Sub-Agent shall have all of the rights, duties
and obligations of the Pension Fund Representative under this Agreement in such capacity. 
 [Signature Pages
Follow] 

  
 49 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first
written above. 
  

			
	JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, as Bank Group Representative for and on behalf of the Bank Group Secured Parties
		
	By:	 	 
	Name:	 	
	Title:	 	
	
	Address for Notices:
	
	Attention:
	Facsimile No.:

 Signature Page to Amended and Restated Intercreditor Agreement 

 
					
	WILMINGTON TRUST COMPANY, as Pension Fund Representative for and on behalf of the Pension Fund Secured Parties
		
	By:	 	 
	Name:	 	
	Title:	 

  

					
	Address for Notices:	 	 1100 North Market Street Rodney Square North
 Wilmington, DE 19890

	
	 Attention: W. Thomas Morris, Vice President
 Facsimile No.: 302-636-4145
 Email: tmorris@wilmingtontrust.com

 Signature Page to Amended and Restated Intercreditor Agreement 

 
			
	U.S. BANK NATIONAL ASSOCIATION, not individually, but solely in its capacity as Convertible Note Representative for and on behalf of the Convertible Note Secured
Parties
		
	By:	 	 
	Name:	 	
	Title:	 	

  

			
	Address for Notices:	 	[                             
   ]
	 	 	[                             
   ]
		 	[                             
   ]

  

			
		
	Attention:	 	[                           
     ]
	Facsimile No.:	 	        [                  
              ]
	Email:	 	[                          
      ]

 Signature Page to Amended and Restated Intercreditor Agreement 

 
			
	JPMORGAN CHASE BANK, N.A., as ABL Representative for and on behalf of the ABL Secured Parties, solely for the purposes of Sections 3.1(c) and 11.3
		
	By:	 	 
	Name:	 	
	Title:	 	

  

			
	Address for Notices:	 	[                             
   ]
	 	 	[                             
   ]
		 	[                             
   ]

			
		
	Attention:	 	[                           
     ]
	Facsimile No.:	 	        [                  
              ]
	Email:	 	[                          
      ]

 Signature Page to Amended and Restated Intercreditor Agreement 

 
			
	[LIST YRC PARTIES AND CAPACITY AS BANK GROUP LOAN PARTIES AND/OR PENSION FUND OBLIGORS]
		
	By:	 	 
	Name:	 	
	Title:	 	
	
	Address for Notices:
	
	Attention:
	Facsimile No.:

 Signature Page to Amended and Restated Intercreditor Agreement 

 SCHEDULE A 
 Reference is made to the Amended and Restated Intercreditor Agreement (as amended, restated, supplemented or otherwise modified from time to time, the “Intercreditor Agreement”), dated as
of July 22, 2011, by and among JPMorgan Chase Bank, National Association, as Administrative Agent (in such capacity, with its successors and assigns, and as more specifically defined in the Intercreditor Agreement, the “Bank Group
Representative”) for the Bank Group Secured Parties (as defined in the Intercreditor Agreement), Wilmington Trust Company, as Agent (in such capacity, with its successors and assigns, and as more specifically defined in the Intercreditor
Agreement, the “Pension Fund Representative”) for the Pension Fund Secured Parties (as defined in the Intercreditor Agreement), U.S. Bank National Association, as Collateral Trustee (in such capacity, with its successors and
assigns, and as more specifically defined in the Intercreditor Agreement, the “Convertible Note Representative”) for the Convertible Note Secured Parties (as defined in the Intercreditor Agreement), solely for the purposes of
Sections 3.1(c) and 11.3 hereof, JPMorgan Chase Bank, N.A., as Administrative Agent (in such capacity, with its successors and assigns, and as more specifically defined in the Intercreditor Agreement, the “ABL Representative”) for
the ABL Secured Parties (as defined in the Intercreditor Agreement), YRC Worldwide Inc. (the “Company”) and each of the other Bank Group Loan Parties (as defined in the Intercreditor Agreement) party thereto. 

The Bank Group Representative has a Senior Lien on all Bank Group Priority Common Collateral 
 The Bank Group Representative has a Senior Lien on the following Pension Fund Collateral: 
 See Attachment A-1 to this Schedule A 
 The Pension Fund Representative has a Senior Lien on the
following Pension Fund Collateral: 
 See Attachment A-2 to this Schedule A 

 SCHEDULE B 
 Reference is made to the Amended and Restated Intercreditor Agreement (as amended, restated, supplemented or otherwise modified from time to time, the “Intercreditor Agreement”), dated as
of July 22, 2011, by and among JPMorgan Chase Bank, National Association, as Administrative Agent (in such capacity, with its successors and assigns, and as more specifically defined in the Intercreditor Agreement, the “Bank Group
Representative”) for the Bank Group Secured Parties (as defined in the Intercreditor Agreement), Wilmington Trust Company, as Agent (in such capacity, with its successors and assigns, and as more specifically defined in the Intercreditor
Agreement, the “Pension Fund Representative”) for the Pension Fund Secured Parties (as defined in the Intercreditor Agreement), U.S. Bank National Association, as Collateral Trustee (in such capacity, with its successors and
assigns, and as more specifically defined in the Intercreditor Agreement, the “Convertible Note Representative”) for the Convertible Note Secured Parties (as defined in the Intercreditor Agreement), solely for purposes of Sections
3.1(c) and 11.3 hereof, JPMorgan Chase Bank, N.A., as Administrative Agent (in such capacity, with its successors and assigns, and as more specifically defined in the Intercreditor Agreement, the “ABL Representative”) for the ABL
Secured Parties (as defined in the Intercreditor Agreement), YRC Worldwide Inc. (the “Company”) and each of the other Bank Group Loan Parties (as defined in the Intercreditor Agreement) party thereto. 

The Bank Group Representative has a Junior Second Lien on the following Pension Fund Collateral: 

See Attachment B-1 to this Schedule B 
 The Convertible Note Representative has a Junior Second Lien on the following Pension Fund Collateral (which shall exclude Junior Second Liens on leasehold interests in respect of which the Bank Group
Representative shall have a Lien as of the date of this Agreement): 
 See Attachment B-2 to this Schedule B 

The Convertible Note Representative has a Junior Second Lien on all Bank Group Priority Common Collateral (which shall exclude Junior Second Liens on
leasehold interests in respect of which the Bank Group Representative shall have a Lien as of the date of this Agreement) 

 SCHEDULE C 
 Reference is made to the Amended and Restated Intercreditor Agreement (as amended, restated, supplemented or otherwise modified from time to time, the “Intercreditor Agreement”), dated as
of July 22, 2011, by and among JPMorgan Chase Bank, National Association, as Administrative Agent (in such capacity, with its successors and assigns, and as more specifically defined in the Intercreditor Agreement, the “Bank Group
Representative”) for the Bank Group Secured Parties (as defined in the Intercreditor Agreement), Wilmington Trust Company, as Agent (in such capacity, with its successors and assigns, and as more specifically defined in the Intercreditor
Agreement, the “Pension Fund Representative”) for the Pension Fund Secured Parties (as defined in the Intercreditor Agreement), U.S. Bank National Association, as Collateral Trustee (in such capacity, with its successors and
assigns, and as more specifically defined in the Intercreditor Agreement, the “Convertible Note Representative”) for the Convertible Note Secured Parties (as defined in the Intercreditor Agreement), solely for purposes of Sections
3.1(c) and 11.3 hereof, JPMorgan Chase Bank, N.A., as Administrative Agent (in such capacity, with its successors and assigns, and as more specifically defined in the Intercreditor Agreement, the “ABL Representative”) for the ABL
Secured Parties (as defined in the Intercreditor Agreement), YRC Worldwide Inc. (the “Company”) and each of the other Bank Group Loan Parties (as defined in the Intercreditor Agreement) party thereto. 

The Pension Fund Representative has a Junior Third Lien on the following Pension Fund Collateral: 

See Attachment C-1 to this Schedule C 
 The Convertible Note Representative has a Junior Third Lien on the following Pension Fund Collateral (which shall exclude Junior Third Liens on leasehold interests in respect of which the Bank Group
Representative shall have a Lien as of the date of this Agreement): 
 See Attachment C-2 to this Schedule C 

 SCHEDULE D 
 LIEN PRIORITY SCHEDULE 
  

							
	 	  	Bank Group
Representative
Lien Position	  	Pension Fund
Representative
Lien Position	  	Convertible Note Representative
Lien Position
	 Assets (other than real estate)

on which the Bank Group Representative has

the sole Lien prior to the Transactions

[Bank Group Priority

Common Collateral]
	  	Senior Lien	  	N/A	  	Junior Second
Lien
				
	 Real estate on which the

Bank Group
 Representative has the sole
 Lien prior to the

Transactions (no prior

Pension Fund Lien)

[Bank Group Priority

Common Collateral]
	  	Senior Lien	  	N/A	  	Junior Second
Lien
				
	 Real estate identified on

Attachment A-1 to

Schedule A on which the

Bank Group
 Representative has a Senior
 Lien prior to the

Transactions
 (Pension Fund
 Representative Junior

Lien) [Pension Fund

Collateral other than

Pension Priority Common

Collateral]
	  	Senior Lien	  	Junior Third
Lien	  	Junior Second
Lien
				
	 Real estate identified on

Attachment A-2 to

Schedule A on which the

Pension Fund
 Representative has a Senior
 Lien prior to the

Transactions
 (Bank Group
 Representative Junior

Lien) [Pension Priority

Common Collateral]
	  	Junior Second
Lien	  	Senior Lien	  	Junior Third
Lien

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00192-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00192-of-00352.parquet"}]]