Document:

EX-10.3(b)

 Exhibit 10.3(b) 

ABL INTERCREDITOR AGREEMENT 

Dated as of August 29, 2017 

among 
 BNP PARIBAS,

 as ABL Collateral Agent 

and 
 BNP PARIBAS,

 as Term Loan Collateral Agent 

and acknowledged and agreed to by 

GREEN PLAINS GRAIN COMPANY LLC, 

as the ABL Borrower 
 and the
other ABL Grantors referred to herein 

 TABLE OF CONTENTS 

 

							
	 SECTION 1.    
	  	Definitions	  	 	3	 
			
	 1.1  
	  	Defined Terms	  	 	3	 
	 1.2  
	  	Terms Generally	  	 	11	 
			
	 SECTION 2.    
	  	Lien Priorities	  	 	12	 
	 2.1  
	  	Relative Priorities	  	 	12	 
	 2.2  
	  	Prohibition on Contesting Liens; No Marshaling	  	 	13	 
	 2.3  
	  	No New Liens	  	 	13	 
	 2.4  
	  	Perfection of Liens	  	 	14	 
	 2.5  
	  	Nature of ABL Obligations	  	 	14	 
			
	 SECTION 3.    
	  	Enforcement	  	 	15	 
			
	 3.1  
	  	Exercise of Remedies	  	 	15	 
	 3.2  
	  	Actions Upon Breach; Specific Performance	  	 	19	 
			
	 SECTION 4.    
	  	Payments	  	 	19	 
			
	 4.1  
	  	Application of Proceeds	  	 	19	 
	 4.2  
	  	Payments Over	  	 	20	 
			
	 SECTION 5.    
	  	Other Agreements	  	 	21	 
			
	 5.1  
	  	Releases	  	 	21	 
	 5.2  
	  	Insurance	  	 	22	 
	 5.3  
	  	Amendments to ABL Loan Documents and Term Loan Documents	  	 	22	 
	 5.4  
	  	confirmation of Subordination in Term Loan Collateral Documents	  	 	24	 
	 5.5  
	  	Gratuitous Bailee/Agent for Perfection	  	 	24	 
	 5.6  
	  	When Discharge of ABL Obligations Deemed to Not Have Occurred	  	 	26	 
	 5.7  
	  	Purchase Right	  	 	28	 
			
	 SECTION 6.    
	  	Insolvency or Liquidation Proceedings	  	 	29	 
			
	 6.1  
	  	Finance and Sale Issues	  	 	29	 
	 6.2  
	  	Relief from the Automatic Stay	  	 	30	 
	 6.3  
	  	Adequate Protection	  	 	30	 
	 6.4  
	  	No Waiver	  	 	32	 
	 6.5  
	  	Avoidance Issues	  	 	32	 
	 6.6  
	  	Reorganization Securities	  	 	33	 
	 6.7  
	  	Post-Petition Interest	  	 	33	 
	 6.8  
	  	Waiver	  	 	33	 
	 6.9  
	  	Separate Grants of Security and Separate Classification	  	 	33	 
	 6.10
	  	Effectiveness in Insolvency or Liquidation Proceedings	  	 	34	 

  
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	 SECTION 7.    
	  	Reliance; Waivers; Etc	  	 	34	 
			
	 7.1  
	  	Reliance	  	 	34	 
	 7.2  
	  	No Warranties or Liability	  	 	35	 
	 7.3  
	  	No Waiver of Lien Priorities	  	 	35	 
	 7.4  
	  	Obligations Unconditional	  	 	37	 
			
	 SECTION 8.    
	  	Miscellaneous	  	 	37	 
			
	 8.1  
	  	Integration/Conflicts	  	 	37	 
	 8.2  
	  	Effectiveness; Continuing Nature of this Agreement; Severability	  	 	38	 
	 8.3  
	  	Amendments; Waivers	  	 	38	 
	 8.4  
	  	Information Concerning Financial Condition of the ABL Borrower and its Subsidiaries	  	 	39	 
	 8.5  
	  	Subrogation	  	 	39	 
	 8.6  
	  	Application of Payments	  	 	40	 
	 8.7  
	  	Submission to Jurisdiction; Certain Waivers	  	 	40	 
	 8.8  
	  	WAIVER OF JURY TRIAL	  	 	41	 
	 8.9  
	  	Notices	  	 	41	 
	 8.10
	  	Further Assurances	  	 	42	 
	 8.11
	  	APPLICABLE LAW	  	 	42	 
	 8.12
	  	Binding on Successors and Assigns	  	 	42	 
	 8.13
	  	Section Headings	  	 	42	 
	 8.14
	  	Counterparts	  	 	43	 
	 8.15
	  	Authorization	  	 	43	 
	 8.16
	  	No Third Party Beneficiaries/Provisions Solely to Define Relative Rights	  	 	43	 
	 8.17
	  	Additional ABL Grantors	  			

 EXHIBITS 

Exhibit A – Joinder Agreement (Additional ABL Grantors) 

  
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 ABL INTERCREDITOR AGREEMENT 

This ABL INTERCREDITOR AGREEMENT (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, this
“Agreement”), is dated as of August 29, 2017, and entered into by and among BNP PARIBAS (“BNPP”), as collateral agent for the holders of the ABL Obligations (as defined below)
(in such capacity and together with its successors and assigns from time to time, the “ABL Collateral Agent”) and BNPP, as collateral agent for the holders of the Term Loan Obligations (as defined below) (in such capacity and
together with its successors and assigns from time to time, the “Term Loan Collateral Agent”) and acknowledged and agreed to by GREEN PLAINS GRAIN COMPANY LLC, a Delaware limited liability company (the “ABL
Borrower”) and the other ABL Grantors (as defined below). Capitalized terms used in this Agreement have the meanings assigned to them in Section 1 below. 

RECITALS 
 The ABL
Borrower (including in its capacity as successor by merger to Green Plains Essex Inc.), the lenders and agents party thereto, and BNPP, as collateral agent, have entered into the Credit Agreement dated as of October, 28, 2011 (as amended, restated,
amended and restated, supplemented or otherwise modified from time to time or, subject to Section 5.3 hereof, Refinanced, the “ABL Credit Agreement”); 

Green Plains Inc. (the “Term Loan Borrower”), the lenders and agents party thereto, and BNPP, as collateral agent,
have entered into that certain Term Loan Agreement dated as of the date hereof (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, or, subject to Section 5.3 hereof, Refinanced the “Term
Loan Agreement”); 
 Pursuant to (i) that certain Guaranty dated as of the date hereof, the Term Loan Borrower and certain of
its Subsidiaries (excluding for the avoidance of doubt, Green Plains Cattle Company, LLC, a Delaware limited liability company and its Subsidiaries (collectively, “GP Cattle”), Green Plains Trade Group LLC, a Delaware limited
liability company and its Subsidiaries (collectively, “GP Trade”) and the ABL Grantors) (in such capacity, the Term Loan Borrower and such other guarantors, the “ABL Guarantors”) have agreed to guarantee the ABL
Obligations (the “ABL Guaranty”); and (ii) the Term Loan Agreement, the Term Loan Borrower has agreed to cause certain current and future Subsidiaries (including, for the avoidance of doubt, the ABL Grantors, GP Cattle and GP
Trade)) (in such capacity, all such guarantors, the “Term Loan Guarantors” and together with the Term Loan Borrower, the “Term Loan Obligors”) to agree to guarantee the Term Loan Obligations pursuant to a
Guaranty (the “Term Loan Guaranty”); 
 To secure the ABL Obligations, (i) the ABL Borrower has granted a Lien on
substantially all of its assets to the ABL Collateral Agent pursuant to that certain Security Agreement dated as of October 28, 2011 (as amended, as amended, restated, amended and restated, supplemented or otherwise modified from time to time,
the “ABL 

 
Security Agreement”) and the other ABL Collateral Documents and (ii) concurrently with the execution and delivery of this Agreement, each ABL Guarantor will grant Liens on
substantially all of the assets of such ABL Guarantor (the “Term Priority Collateral”) to the Pari Passu Agent for the benefit of, among others, the holders of the ABL Obligations, pursuant to the terms of the ABL Loan
Documents. 
 To secure the Term Loan Obligations, the Term Loan Obligors (including the ABL Grantors) have agreed to grant Liens on
substantially all of the assets of the Term Loan Obligors pursuant to the terms of the Term Loan Documents. 
 Concurrently with the
execution and delivery of this Agreement, the Term Loan Collateral Agent and the Pari Passu Agent will enter into a Term Loan Intercreditor and Collateral Agency Agreement (as amended, restated, amended and restated, supplemented or otherwise
modified from time to time, the “Term Loan Intercreditor and Collateral Agency Agreement”) pursuant to which the Term Loan Collateral Agent and the Pari Passu Agent will set forth their respective Lien priorities in, and
rights and remedies with respect to, the Term Priority Collateral. 
 The ABL Obligations are to be secured (i) by Liens on the ABL
Priority Collateral of the ABL Grantors that are senior in priority to the Liens securing the Term Loan Obligations on the ABL Priority Collateral pursuant to the terms of this Agreement and (ii) by Liens on the Term Priority Collateral of the
ABL Guarantors that are junior in priority to the Liens securing the Term Loan Obligations on the Term Priority Collateral pursuant to the terms of the Term Loan Intercreditor and Collateral Agency Agreement; 

The Term Loan Obligations are to be secured (i) by Liens on the Term Priority Collateral that are senior in priority to the Liens
securing the ABL Obligations on the Term Priority Collateral pursuant to the terms of the Term Loan Intercreditor and Collateral Agency Agreement, (ii) by Liens on the ABL Priority Collateral of the ABL Grantors that are junior in priority to
the Liens securing the ABL Obligations on the ABL Priority Collateral of the ABL Grantors pursuant to the terms of this Agreement, and (iii) by Liens on certain assets of GP Cattle and GP Trade which assets, for the avoidance of doubt, shall
not serve as collateral to secure any ABL Obligations. The ABL Loan Documents and the Term Loan Documents provide, among other things, that the parties thereto shall set forth in this Agreement their respective rights and remedies with respect to
the ABL Priority Collateral; and 
 In consideration of the foregoing, the mutual covenants and obligations herein set forth and for other
good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, each of the ABL Collateral Agent (on behalf of each ABL Claimholder) and the Term Loan Collateral Agent (on behalf of each Term Loan Claimholder),
intending to be legally bound, hereby agrees as follows: 

  
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 AGREEMENT 

SECTION 1. Definitions. 

1.1 Defined Terms. As used in this Agreement, the following terms shall have the following meanings:

 “ABL Borrower” has the meaning set forth in the Preamble to this Agreement. 

“ABL Claimholders” means, at any relevant time, the holders of ABL Obligations at that time, including the ABL Secured
Parties and the agents under the ABL Loan Documents. 
 “ABL Collateral Agent” has the meaning set forth in the Preamble to
this Agreement. 
 “ABL Collateral Documents” means the ABL Security Agreement, the Security Documents (as defined in the
ABL Loan Documents) and any other agreement, document or instrument, in each case pursuant to which a Lien is granted by an ABL Grantor securing any ABL Obligations or pursuant to which any such Lien is perfected. 

“ABL Credit Agreement” has the meaning set forth in the Recitals to this Agreement. 

“ABL Grantor” means the ABL Borrower and each Subsidiary of the ABL Borrower that has or may from time to time hereafter
execute and deliver any ABL Collateral Document as a “grantor” or “pledgor” (or the equivalent thereof) to secure any ABL Obligations. 

“ABL Guarantors” has the meaning set forth in the Recitals to this Agreement. 

“ABL Guaranty” has the meaning set forth in the Recitals to this Agreement. 

“ABL Loan Documents” means the ABL Credit Agreement and the Loan Documents (as defined in the ABL Credit Agreement) other than
this Agreement and each of the other agreements, documents and instruments entered into for the purpose of evidencing, governing, securing or perfecting the ABL Obligations and any other document or instrument executed or delivered at any time in
connection with any ABL Obligations, including any intercreditor or joinder agreement among holders of ABL Obligations, to the extent such are effective at the relevant time, as each may be amended, restated, amended and restated, supplemented,
replaced or Refinanced or otherwise modified from time to time in accordance with the provisions of this Agreement. 
 “ABL
Obligations” means the “Obligations” or similar term as defined in the ABL Credit Agreement. 

  
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 “ABL Pledged Collateral” has the meaning set forth in Section 5.5. 

“ABL Priority Collateral” means, at any time, all of the assets and property of any ABL Grantor, whether real, personal or
mixed, in which the holders of ABL Obligations and the holders of Term Loan Obligations (or their respective Collateral Agents) hold, purport to hold or are required to hold, a security interest at such time (or, in the case of the ABL Obligations,
are deemed pursuant to Section 2 to hold a security interest), including any property of any ABL Grantor subject to Liens granted pursuant to Section 6 to secure both ABL Obligations and Term Loan Obligations. For the avoidance of doubt,
ABL Priority Collateral expressly includes any cash and other monies of any ABL Grantor and cash collateral pledged by any ABL Grantor for the benefit of any other ABL Grantor, but shall, at no time, include any assets or property, whether real,
personal or mixed, of any Person other than the assets and property of the ABL Grantors. 
 “ABL Secured Parties” means the
“Secured Parties” from time to time under and as defined in the ABL Credit Agreement. 
 “ABL Security Agreement”
has the meaning set forth in the Recitals to this Agreement. 
 “ABL Specific Cash Collateral” means any cash or cash
equivalents pledged by any ABL Grantor specifically to secure or support letters of credit issued under any ABL Loan Documents (in an amount no greater than 105% of the sum of the aggregate undrawn face amount thereof plus any letter of credit fees
and commissions due and payable or that will become due and payable with respect thereto through the stated expiration of such letter of credit), ABL Obligations owed to a Swap Party, and any fronting risk with respect to any Defaulting Lender (as
such term is defined in the ABL Credit Agreement). 
 “Affiliate” means, with respect to a specified Person, (a) any
other Person that, directly or indirectly, Controls, is Controlled by or is under common Control with the Person specified or is a director or officer of the Person specified or (b) any other Person that directly or indirectly owns 10% or more
of any class of equity interests of the Person specified and any other “Affiliate”, as such term is defined in the ABL Credit Agreement as in effect on the date hereof. 

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

“Bankruptcy Case” means a case under the Bankruptcy Code or any other Bankruptcy Law. 

“Bankruptcy Code” means Title 11 of the United States Code entitled “Bankruptcy,” as now and hereafter in
effect, or any successor statute. 
 “Bankruptcy Law” means the Bankruptcy Code and any similar federal, state or foreign
law for the relief of debtors. 

  
 4 

 “Business Day” means a day other than a Saturday, Sunday or other day on which
commercial banks in New York City are authorized or required by law to close. 
 “Claimholders” means the ABL Claimholders
and/or the Term Loan Claimholders, as the context may require. 
 “Collateral Agent” means any ABL Collateral Agent and/or
any Term Loan Collateral Agent, as the context may require. 
 “Collateral Documents” means the ABL Collateral Documents and
the Term Collateral Documents. 
 “Control” means the possession, directly or indirectly, of the power to direct or cause
the direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative thereto. 

“Declined Liens” has the meaning set forth in Section 2.3. 

“DIP Financing” has the meaning set forth in Section 6.1. 

“Discharge of ABL Obligations” means, except to the extent otherwise expressly provided in Section 5.6, each of
the following has occurred: 
 (a) other than as otherwise set forth in this definition, payment in full in cash of the principal of and
interest (including interest accruing on or after the commencement of any Insolvency or Liquidation Proceeding, whether or not such interest would be allowed in such Insolvency or Liquidation Proceeding), on all Indebtedness outstanding under the
ABL Loan Documents and termination or expiration of all commitments, if any, to extend credit that would constitute ABL Obligations; 
 (b)
payment in full in cash of all Hedging Obligations constituting ABL Obligations or the cash collateralization of all such Hedging Obligations on terms satisfactory to each applicable counterparty (or the making of other arrangements satisfactory to
the applicable counterparty) or termination of all Hedging Obligations; 
 (c) payment in full in cash of all other ABL Obligations that are
due and payable or otherwise accrued and owing at or prior to the time such principal and interest are paid (other than any indemnification obligations for which no claim or demand for payment, whether oral or written, has been made at such time);
and 
 (d) termination or cash collateralization (in an amount and manner reasonably satisfactory to the applicable letter of credit issuer,
in an amount no greater than 105% of the sum of the aggregate undrawn face amount thereof plus any letter of credit fees and commissions due and payable or that will become due and payable with respect thereto through the stated expiration of such
letter of credit), or the making of other arrangements satisfactory to the applicable ABL Secured Parties; 

  
 5 

 provided, that the Discharge of ABL Obligations shall be deemed not to have occurred if any ABL Loan
Document is Refinanced in accordance with Section 5.3 or reinstated pursuant to Section 6.5 and such Refinanced Indebtedness or reinstated ABL Obligations is then in effect and has not itself been Discharged. 

“Discharge of Term Loan Obligations” means, except to the extent otherwise expressly provided in Section 5.6, each
of the following has occurred: 
 (a) payment in full in cash of the principal of and interest (including interest accruing on or after the
commencement of any Insolvency or Liquidation Proceeding, whether or not such interest would be allowed in such Insolvency or Liquidation Proceeding), on all Indebtedness outstanding under the Term Loan Documents; 

(b) payment in full in cash of all Hedging Obligations constituting Term Loan Obligations or the cash collateralization of all such Hedging
Obligations on terms satisfactory to each applicable counterparty (or the making of other arrangements satisfactory to the applicable counterparty); 

(c) payment in full in cash of all other Term Loan Obligations that are due and payable or otherwise accrued and owing at or prior to the time
such principal and interest are paid (other than any indemnification obligations for which no claim or demand for payment, whether oral or written, has been made at such time); and 

(d) termination or expiration of all commitments, if any, to extend credit that would constitute Term Loan Obligations; 

provided, that the Discharge of Term Loan Obligations shall be deemed not to have occurred if any Term Loan Document is Refinanced in
accordance with Section 5.3 and such Refinanced Indebtedness is then in effect and has not itself been Discharged. 

“Disposition” has the meaning set forth in Section 5.1(b). 

“Enforcement Action” means any action to: 

(a) foreclose, execute, levy, or collect on, take possession or control of (other than for purposes of perfection), sell or otherwise realize
upon (judicially or non-judicially), or lease, license, or otherwise dispose of (whether publicly or privately), ABL Priority Collateral, or otherwise exercise or enforce remedial rights with respect to ABL
Priority Collateral under the ABL Loan Documents or the Term Loan Documents (including by way of setoff, recoupment, notification of a public or private sale or other disposition pursuant to the UCC or other applicable law, notification to account
debtors, notification to depositary banks under deposit account control agreements, or exercise of rights under landlord consents, if applicable); 

(b) solicit bids from third Persons, approve bid procedures for any proposed disposition of ABL Priority Collateral, to conduct the liquidation
or disposition of ABL Priority Collateral or engage or retain sales brokers, marketing agents, investment bankers, accountants, appraisers, auctioneers, or other third Persons for the purposes of valuing, marketing, promoting, and selling ABL
Priority Collateral; 

  
 6 

 (c) receive a transfer of ABL Priority Collateral in satisfaction of Indebtedness or any other
Obligation secured thereby; 
 (d) otherwise enforce a security interest or exercise another right or remedy, as a secured creditor or
otherwise, pertaining to the ABL Priority Collateral at law, in equity, or pursuant to the ABL Loan Documents or Term Loan Documents, in each case to the extent relating to the ABL Priority Collateral (including the commencement of applicable legal
proceedings or other actions with respect to all or any portion of the ABL Priority Collateral to facilitate the actions described in the preceding clauses, and exercising voting rights in respect of equity interests comprising ABL Priority
Collateral); or 
 (e) permit, effectuate, direct or cause the Disposition of ABL Priority Collateral by any ABL Grantor after the occurrence
and during the continuation of an event of default under the ABL Loan Documents or the Term Loan Documents with the consent of the ABL Collateral Agent (or ABL Claimholders) or the Term Loan Collateral Agent (or Term Loan Claimholders), as
applicable. 
 “Governmental Authority” means any federal, state, municipal, national or other government, governmental
department, commission, board, bureau, court, agency or instrumentality or political subdivision thereof or any entity or officer exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to any government
or any court, in each case whether associated with a state of the United States, the United States, or a foreign entity or government. 

“GP Cattle” has the meaning set forth in the Recitals to this Agreement. 

“GP Trade” has the meaning set forth in the Recitals to this Agreement. 

“Hedge Agreement” means a Swap Contract entered into by an ABL Grantor with a counterparty as permitted under the ABL
Loan Documents. 
 “Hedging Obligation” of any Person means any obligation of such Person pursuant to any Hedge Agreement.

 “Indebtedness” means and includes all indebtedness for borrowed money; for the avoidance of doubt,
“Indebtedness” shall include L/C Obligations (as such term is defined in the ABL Credit Agreement) and ABL Obligations owed to a Swap Party that are secured pursuant to any ABL Loan Document. 

“Insolvency or Liquidation Proceeding” means: 

(a) any voluntary or involuntary case or proceeding under the Bankruptcy Code with respect to any ABL Grantor; 

  
 7 

 (b) any other voluntary or involuntary insolvency, reorganization or Bankruptcy Case or
proceeding, or any receivership, liquidation, reorganization or other similar case or proceeding with respect to any ABL Grantor or with respect to a material portion of their respective assets; 

(c) any liquidation, dissolution, reorganization or winding up of any ABL Grantor whether voluntary or involuntary and whether or not involving
insolvency or bankruptcy; or 
 (d) any assignment for the benefit of creditors or any other marshaling of assets and liabilities of any ABL
Grantor. 
 “Joinder Agreement” means a supplement to this Agreement in the form of Exhibit A hereto required to be
executed pursuant to Section 8.17 hereof. 
 “Lien” means any lien (including, judgment liens and liens arising by
operation of law), mortgage, pledge, assignment, security interest, charge or encumbrance of any kind (including any agreement to give any of the foregoing, any conditional sale or other title retention agreement, and any lease in the nature
thereof) and any option, call, trust (whether contractual, statutory, deemed, equitable, constructive, resulting or otherwise), UCC financing statement or other preferential arrangement having the practical effect of any of the foregoing, including
any right of set-off or recoupment. 
 “New ABL Agent” has the meaning set forth in
Section 5.6(a). 
 “New ABL Debt Notice” has the meaning set forth in Section 5.6(a). 

“New Term Loan Agent” has the meaning set forth in Section 5.6(b). 

“New Term Debt Notice” has the meaning set forth in Section 5.6(b). 

“Obligations” means all obligations of every nature of each ABL Grantor from time to time owed to any agent or trustee, the
ABL Claimholders, the Term Loan Claimholders or any of them or their respective Affiliates, in each case, under the ABL Loan Documents, the Term Loan Documents or Hedge Agreements, whether for principal, interest or payments for early termination of
Swap Contracts, fees, expenses, indemnification or otherwise and all guarantees of any of the foregoing and including any interest and fees that accrue after the commencement by or against any Person of any proceeding under any Bankruptcy Law naming
such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding. 

“Pari Passu Agent” shall mean BNP Paribas, in its capacity as collateral agent on behalf of the holders of the ABL
Obligations, holders of the ABL-Trade Obligations (as defined in the Term Loan Intercreditor and Collateral Agency Agreement) and the holders of the ABL-Cattle
Obligations (as defined in the Term Loan Intercreditor and Collateral Agency Agreement). 

  
 8 

 “Pay-Over Amount” has the meaning
set forth in Section 6.3(b). 
 “Person” means any natural person, corporation, limited liability company, trust, joint
venture, association, company, partnership, limited partnership, Governmental Authority or other entity. 
 “Post-Petition
Interest” means interest, fees, expenses and other charges that pursuant to the ABL Loan Documents or the Term Loan Documents, as applicable, continue to accrue after the commencement of any Insolvency or Liquidation Proceeding, whether or
not such interest, fees, expenses and other charges are allowed or allowable under the Bankruptcy Law or in any such Insolvency or Liquidation Proceeding. 

“Purchase Price” has the meaning set forth in Section 5.7. 

“Recovery” has the meaning set forth in Section 6.5. 

“Refinance” means, in respect of any Indebtedness (including without limitation in connection with any ABL Loan Documents, any
ABL Obligations), to refinance, extend, renew, defease, amend, modify, supplement, restructure, replace, refund or repay, or to issue other Indebtedness in exchange or replacement for, such Indebtedness in whole or in part and regardless of whether
the principal amount of such Refinancing Indebtedness is the same, greater than or less than the principal amount of the Refinanced Indebtedness. “Refinanced” and “Refinancing” shall have correlative
meanings. 
 “Sale Proceeds” means (i) the proceeds from the sale of any real property owned by any ABL
Grantor as a going concern, (ii) the proceeds from another sale or disposition of any assets of any ABL Grantor that include any real property owned by any ABL Grantor or (iii) any other economic value (whether in the form of cash or
otherwise) received or distributed that is associated with any real property owned by the ABL Grantor, in each case, whether or not such real property constitutes ABL Priority Collateral. 

“Short Fall” has the meaning set forth in Section 6.3(b). 

“Subsidiary” means, as to any Person, a corporation, partnership, limited liability company or other entity of which shares of
stock or other ownership interests having ordinary voting power (other than stock or such other ownership interests having such power only by reason of the happening of a contingency) to elect a majority of the board of directors or other managers
of such corporation, partnership or other entity are at the time owned, or the management of which is otherwise controlled, directly or indirectly through one or more intermediaries, or both, by such Person. 

“Swap Contract” means (a) any and all interest rate swap transactions, basis swaps, credit derivative transactions,
forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options for forward bond or forward bond price or forward bond index
transactions, interest rate options, forward foreign 

  
 9 

 
exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other
similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, (b) any and all transactions of
any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master
Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including such obligations or liabilities under any Master Agreement, and (c) any “Swap
Contract” as such term is defined in the ABL Credit Agreement as in effect on the date hereof or any other similar transactions or any combination of any such transactions. 

“Swap Party” has the meaning ascribed to such term in the ABL Credit Agreement as in effect on the date hereof. 

“Term Loan Adequate Protection Payments” has the meaning set forth in Section 6.3(b). 

“Term Loan Agreement” has the meaning set forth in the Recitals to this Agreement. 

“Term Loan Borrower” has the meaning set forth in the Recitals to this Agreement. 

“Term Loan Claimholders” means, at any relevant time, the holders of Term Loan Obligations at that time, including the Term
Loan Lenders and the agents under the Term Loan Documents. 
 “Term Loan Collateral Documents” means the Collateral
Documents (as defined in the Term Loan Agreement) and any other agreement, document or instrument, in each case pursuant to which a Lien is granted by an ABL Grantor securing any Term Loan Obligations or pursuant to which any such Lien is perfected.

 “Term Loan Collateral Agent” has the meaning set forth in the Recitals in this Agreement. 

“Term Loan Debt” means the Indebtedness now or hereafter incurred pursuant to the Term Loan Documents. 

“Term Loan Documents” means the Term Loan Agreement and the Loan Documents (as defined in the Term Loan Agreement) and each of
the other agreements, documents and instruments entered into for the purpose of evidencing, governing, securing or perfecting the Term Loan Obligations, and any other document or instrument executed or delivered at any time in connection with any
Term Loan Obligations, including any intercreditor or joinder agreement among holders of Term Loan Obligations to the extent such are effective at the relevant time, as each may be amended, restated, amended and restated, supplemented, replaced or
Refinanced or otherwise modified from time to time in accordance with the provisions of this Agreement. 

  
 10 

 “Term Loan Guarantors” has the meaning set forth in the Recitals to this
Agreement. 
 “Term Loan Guaranty” has the meaning set forth in the Recitals to this Agreement. 

“Term Loan Intercreditor and Collateral Agency Agreement” has the meaning set forth in the Recitals in this Agreement. 

“Term Loan Lenders” means the “Lenders” under and as defined in the Term Loan Agreement. 

“Term Loan Mortgages” means a collective reference to each mortgage, deed of trust and any other document or instrument under
which any Lien on real property owned or leased by any ABL Grantor is granted to secure any Term Loan Obligations or under which rights or remedies with respect to any such Liens are governed. 

“Term Loan Obligations” means all “ Obligations” or similar term as defined in the Term Loan Agreement. 

“Term Loan Obligors” has the meaning set forth in the Recitals to this Agreement. 

“Term Priority Collateral” has the meaning set forth in the Recitals to this Agreement. 

“UCC” means the Uniform Commercial Code (or any similar or equivalent legislation) as in effect in any applicable
jurisdiction. 
 1.2 Terms Generally. The definitions of terms in this Agreement shall apply equally
to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,” “includes” and “including”
shall be deemed to be followed by the phrase “without limitation.” The word “will” shall be construed to have the same meaning and effect as the word “shall.” Unless the context requires otherwise: 

(a) any definition of or reference herein to any agreement, instrument or other document, shall be construed as referring to such agreement,
instrument or other document, as amended, restated, amended and restated, supplemented or otherwise modified from time to time and any reference herein to any statute or regulations shall include any amendment, renewal, extension or replacement
thereof; 

  
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 (b) any reference herein to any Person shall be construed to include such
Person’s successors and assigns from time to time; 
 (c) the words “herein,” “hereof” and
“hereunder,” and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof; 

(d) all references herein to Sections shall be construed to refer to Sections of this Agreement; and 

(e) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to
any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights. 

SECTION 2. Lien Priorities. 

2.1 Relative Priorities. Notwithstanding the date, time, method, manner or order of grant, attachment
or perfection of any Liens securing the Term Loan Obligations granted on the ABL Priority Collateral or of any Liens securing the ABL Obligations granted on the ABL Priority Collateral and notwithstanding any provision of the UCC or any other
applicable law or the Term Loan Documents or any defect or deficiencies in, or failure to perfect or lapse in perfection of, or avoidance as a fraudulent conveyance or otherwise of, the Liens on the ABL Priority Collateral securing the ABL
Obligations, the subordination of such Liens to any other Liens, or any other circumstance whatsoever, whether or not any Insolvency or Liquidation Proceeding has been commenced by or against any ABL Grantor, the Term Loan Collateral Agent, for
itself and on behalf of each other Term Loan Claimholder, hereby agrees that: 
 (a) any Lien on the ABL Priority Collateral
securing any ABL Obligations now or hereafter held by or on behalf of the ABL Collateral Agent or any ABL Claimholders or any agent or trustee therefor, regardless of how or when acquired, whether by grant, possession, statute, operation of law,
subrogation or otherwise, shall be senior in all respects and prior to any Lien on the ABL Priority Collateral securing any Term Loan Obligations; and 

(b) any Lien on the ABL Priority Collateral securing any Term Loan Obligations now or hereafter held by or on behalf of the
Term Loan Collateral Agent, any Term Loan Claimholders or any agent or trustee therefor regardless of how acquired, whether by grant, possession, statute, operation of law, subrogation or otherwise, shall be junior and subordinate in all respects to
all Liens on the ABL Priority Collateral securing any ABL Obligations. All Liens on the ABL Priority Collateral securing any ABL Obligations shall be and remain senior in all respects and prior to all Liens on the ABL Priority Collateral securing
any Term Loan Obligations for all purposes, whether or not such Liens securing any ABL Obligations are subordinated to any Lien securing any other obligation of any ABL Grantor. 

  
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 2.2 Prohibition on Contesting Liens; No Marshaling. Each
of the Term Loan Collateral Agent, for itself and on behalf of each other Term Loan Claimholder, and the ABL Collateral Agent, for itself and on behalf of each other ABL Claimholder, agrees that it will not (and hereby waives any right to) directly
or indirectly contest or support any other Person in contesting, in any proceeding (including any Insolvency or Liquidation Proceeding), the priority, validity, perfection, extent or enforceability of a Lien held, or purported to be held, by or on
behalf of any of the ABL Claimholders in the ABL Priority Collateral or by or on behalf of any of the Term Loan Claimholders in the ABL Priority Collateral, as the case may be, or the amount, nature or extent of the ABL Obligations or Term Loan
Obligations or the provisions of this Agreement; provided, that nothing in this Agreement shall be construed to prevent or impair the rights of the ABL Collateral Agent or any other ABL Claimholder to enforce this Agreement, including the
provisions of this Agreement relating to the priority of the Liens on the ABL Priority Collateral securing the ABL Obligations as provided in Sections 2.1 and 3.1. Until the Discharge of ABL Obligations, neither the Term Loan Collateral Agent nor
any other Term Loan Claimholder will assert any marshaling, appraisal, valuation or other similar right that may otherwise be available to a junior secured creditor. 

2.3 No New Liens. So long as the Discharge of ABL Obligations has not occurred, whether or not any
Insolvency or Liquidation Proceeding has been commenced by or against any ABL Grantor, no ABL Grantor shall: 
 (a) grant or
permit any additional Liens on any asset or property of such ABL Grantor to secure any Term Loan Obligation unless it has granted or concurrently grants a Lien on such asset or property to secure the ABL Obligations, the parties hereto agreeing that
any such Lien shall be subject to Section 2.1; provided that this provision will not be violated with respect to any ABL Obligations if the ABL Collateral Agent is given a reasonable opportunity to accept a Lien on any asset or property
of any ABL Grantor and either the ABL Borrower or the ABL Collateral Agent states in writing that the ABL Loan Documents prohibit the ABL Collateral Agent from accepting a Lien on such asset or property of the ABL Grantor, or the ABL Collateral
Agent otherwise expressly declines to accept a Lien on such asset or property of the ABL Grantor (any such prohibited or declined lien, a “ABL Declined Lien”). 

(b) grant or permit any additional Liens on any asset or property of such ABL Grantor to secure any ABL Obligations unless it
has granted or concurrently grants a Lien on such asset or property to secure the Term Loan Obligations; provided that this provision will not be violated with respect to any Term Loan Obligations if the Term Loan Collateral Agent is given a
reasonable opportunity to accept a Lien on any asset or property of any ABL Grantor and either the ABL Borrower or the Term Loan Collateral Agent states in writing that the Term Loan Documents prohibit the Term Loan Collateral Agent from accepting a
Lien on such asset or property of the ABL Grantor, or the Term Loan Collateral Agent otherwise expressly declines to accept a Lien on such asset or property of the ABL Grantor (any such prohibited or declined lien, a “Term Loan Declined
Lien” and, together with the ABL Declined Liens, the “Declined Liens”). 

  
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 If the Term Loan Collateral Agent or any Term Loan Claimholder shall hold any Lien on any assets or property of
any ABL Grantor securing any Term Loan Obligations that are not also subject to the first-priority Liens, other than any Declined Liens, securing all ABL Obligations under the ABL Collateral Documents, the Term Loan Collateral Agent or Term Loan
Claimholder shall notify the ABL Collateral Agent promptly upon becoming aware thereof and, unless such ABL Grantor shall promptly grant a similar Lien, other than any such Lien that would constitute a Declined Lien, on such assets or property
to the ABL Collateral Agent as security for the ABL Obligations, the Term Loan Collateral Agent and Term Loan Claimholders shall be deemed to hold and have held such Lien for the benefit of the ABL Collateral Agent and the other ABL Claimholders,
other than any ABL Claimholders whose ABL Loan Documents prohibit them from taking such Liens, as security for the ABL Obligations. To the extent that the foregoing provisions are not complied with for any reason, without limiting any other rights
and remedies available to any ABL Collateral Agent and/or the ABL Claimholders, the Term Loan Collateral Agent, on behalf of each Term Loan Claimholder, agrees that any amounts received by or distributed to any of them pursuant to or as a result of
Liens granted in contravention of this Section 2.3 shall be subject to Section 4.2. 
 Notwithstanding anything in this Agreement to the contrary,
prior to the Discharge of the ABL Obligations, ABL Specific Cash Collateral may be pledged to secure ABL Obligations without granting a Lien thereon to secure any Term Loan Obligations. Nothing in this Section 2.3 shall apply to any assets or
property of any Person other than the ABL Grantors. 
 2.4 Perfection of Liens. Except for the
arrangements contemplated by Section 5.5, none of the ABL Collateral Agent or the ABL Claimholders shall be responsible for perfecting and maintaining the perfection of Liens with respect to the ABL Priority Collateral for the benefit of the
Term Loan Collateral Agent or the Term Loan Claimholders. The provisions of this Agreement are intended solely to govern the respective Lien priorities as between the ABL Claimholders on the one hand and the Term Loan Claimholders on the other hand
with respect to the ABL Priority Collateral and such provisions shall not impose on the ABL Collateral Agent, the ABL Claimholders, the Term Loan Collateral Agent, the Term Loan Claimholders or any agent or trustee therefor any obligations in
respect of the disposition of proceeds of any ABL Priority Collateral which would conflict with prior-perfected claims therein in favor of any other Person or any order or decree of any court or Governmental Authority or any applicable law. 

 
 2.5 Nature of ABL Obligations.
Each Term Loan Collateral Agent, on behalf of itself and each Term Loan Claimholder represented by it, acknowledges that a portion of the ABL Obligations represents, or may in the future represent, debt that is revolving in nature and that the
amount thereof that may be outstanding at any time or from time to time may be increased or reduced and subsequently re-borrowed, and that, the terms of the ABL Loan Documents and the ABL Obligations may be
modified, 

  
 14 

 
extended or amended from time to time, and that the aggregate amount of the ABL Obligations may be increased, replaced or refinanced, in each event, without notice to or consent by the Term Loan
Collateral Agents or the other Term Loan Claimholders 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 either the ABL Obligations or the Term Loan Obligations, or any portion thereof. 

SECTION 3. Enforcement. 

3.1 Exercise of Remedies. 

(a) Until the Discharge of ABL Obligations has occurred, whether or not any Insolvency or Liquidation Proceeding has been
commenced by or against any ABL Grantor, the Term Loan Collateral Agent and the Term Loan Claimholders: 
 (1) will not
commence or maintain, or seek to commence or maintain, any Enforcement Action or otherwise exercise any rights or remedies with respect to the ABL Priority Collateral; 

(2) will not contest, protest or object to any foreclosure proceeding or action brought by the ABL Collateral Agent or any ABL
Claimholder or any other exercise by the ABL Collateral Agent or any ABL Claimholder of any rights and remedies under the ABL Loan Documents or otherwise, in each case, to the extent relating to the ABL Priority Collateral (including any Enforcement
Action initiated by or supported by the ABL Collateral Agent or any ABL Claimholder) and 
 (3) will not object to the
forbearance by the ABL Collateral Agent or any ABL Claimholder from bringing or pursuing any foreclosure proceeding or action or any other exercise of any rights or remedies relating to the ABL Priority Collateral, 

in each case so long as any proceeds received by the ABL Collateral Agent in excess of those necessary to achieve a Discharge of ABL
Obligations are distributed in accordance with Section 4.1 and applicable law. 
 (b) Until the Discharge of ABL
Obligations has occurred, whether or not any Insolvency or Liquidation Proceeding has been commenced by or against any ABL Grantor, the ABL Collateral Agent and the ABL Claimholders shall have the exclusive right to commence and maintain an
Enforcement Action or otherwise enforce rights, exercise remedies (including set-off, recoupment and the right to credit bid their debt, except that Term Loan Collateral Agent shall have the credit bid rights
set forth in Section 3.1(c)(5)), in each case, with respect to the ABL Priority Collateral, and subject to Section 5.1, make determinations regarding the release, disposition, or restrictions with respect

  
 15 

 
to the ABL Priority Collateral without any consultation with or the consent of the Term Loan Collateral Agent or any other Term Loan Claimholder; provided that any proceeds received by the
ABL Collateral Agent in excess of those necessary to achieve a Discharge of ABL Obligations are distributed in accordance with Section 4.1 and applicable law. In commencing or maintaining any Enforcement Action or otherwise exercising rights
and remedies with respect to the ABL Priority Collateral, the ABL Collateral Agent and the ABL Claimholders may enforce the provisions of the ABL Loan Documents and exercise remedies thereunder, in each case, with respect to ABL Priority Collateral,
all in such order and in such manner as they may determine in the exercise of their sole discretion in compliance with any applicable law and without consultation with the Term Loan Collateral Agent or any Term Loan Claimholder and regardless of
whether any such exercise is adverse to the interest of any Term Loan Claimholder. Such exercise and enforcement shall include the rights of an agent appointed by them to sell or otherwise dispose of ABL Priority Collateral upon foreclosure, to
incur expenses in connection with such sale or disposition, and to exercise all the rights and remedies of a secured creditor under the UCC and of a secured creditor under Bankruptcy Laws of any applicable jurisdiction. 

(c) Notwithstanding the foregoing, with respect to ABL Priority Collateral or an ABL Grantor, the Term Loan Collateral Agent
and any other Term Loan Claimholder may: 
 (1) file a claim or statement of interest with respect to the Term Loan
Obligations; provided that an Insolvency or Liquidation Proceeding has been commenced by or against any ABL Grantor; 

(2) take any action not adverse to the priority status of the Liens on the ABL Priority Collateral securing the ABL
Obligations, or the rights of any ABL Collateral Agent or the ABL Claimholders to exercise remedies in respect thereof, or otherwise in contravention of this Agreement, in order to create, perfect, preserve or protect its Lien on the ABL Priority
Collateral and with respect to any ABL Pledged Collateral, take possession or control of such ABL Priority Collateral so long as the ABL Collateral Agent elects in writing not to take possession or control thereof; 

(3) file any necessary responsive or defensive pleadings in opposition to any motion, claim, adversary proceeding or other
pleading made by any person objecting to or otherwise seeking the disallowance of the claims of the Term Loan Claimholders, including any claims secured by the ABL Priority Collateral, if any, in each case to the extent not inconsistent with the
terms of this Agreement; 
 (4) vote on any plan of reorganization, arrangement, compromise or liquidation, file any proof
of claim, make other filings and make any arguments and motions that are, in each case, in accordance 

  
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with the terms of this Agreement, with respect to the Term Loan Obligations and the ABL Priority Collateral; provided that no filing of any claim or vote, or pleading related to such claim
or vote, to accept or reject a disclosure statement, plan of reorganization, arrangement, compromise or liquidation, or any other document, agreement or proposal similar to the foregoing by the Term Loan Collateral Agent or any other Term Loan
Claimholder may be inconsistent with the provisions of this Agreement; and 
 (5) bid for or purchase ABL Priority
Collateral at any public, private or judicial foreclosure upon such ABL Priority Collateral initiated by the ABL Collateral Agent or any other ABL Claimholder, or any sale of ABL Priority Collateral during an Insolvency or Liquidation Proceeding;
provided that such bid may not include a “credit bid” in respect of any Term Loan Obligations unless the cash proceeds of such bid are otherwise sufficient to cause the Discharge of ABL Obligations; and 

(6) engage consultants and perform audits, examinations, and appraisals relating to the enforcement of Liens on any ABL
Priority Collateral so long as such actions are not adverse to the rights of the ABL Collateral Agent to exercise remedies thereof and do not materially affect, in the reasonable discretion of the ABL Collateral Agent, the value of the ABL Priority
Collateral. 
 The Term Loan Collateral Agent, for itself and on behalf of each other Term Loan Claimholder, agrees that it will not take
or receive any ABL Priority Collateral or any proceeds of ABL Priority Collateral in connection with the exercise of any right or remedy (including set-off and recoupment) with respect to any ABL Priority
Collateral in its capacity as a creditor, unless and until the Discharge of ABL Obligations has occurred. Without limiting the generality of the foregoing, unless and until the Discharge of ABL Obligations has occurred, except as expressly provided
in Section 6.3(b) and this Section 3.1(c), the sole right of the Term Loan Collateral Agent and the Term Loan Claimholders with respect to the ABL Priority Collateral is to hold a Lien on the ABL Priority Collateral pursuant to the Term
Loan Collateral Documents for the period and to the extent granted therein and to receive a share of the proceeds thereof, if any, after the Discharge of ABL Obligations has occurred. 

(d) Subject to Sections 3.1(c) and 6.3(b): 

(1) the Term Loan Collateral Agent, for itself and on behalf of each other Term Loan Claimholder, agrees that the Term Loan
Collateral Agent and the Term Loan Claimholders will not take any action with respect to any ABL Priority Collateral that would hinder any exercise of remedies with respect to the ABL Priority Collateral under the ABL Loan Documents or is otherwise
prohibited hereunder, including any sale, lease, exchange, transfer or other disposition of the ABL Priority Collateral, whether by foreclosure or otherwise; 

  
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 (2) the Term Loan Collateral Agent, for itself and on behalf of each other Term
Loan Claimholder, hereby waives any and all rights it or the Term Loan Claimholders may have as a junior lien creditor or otherwise to object to the manner in which the ABL Collateral Agent or any other ABL Claimholder seeks to enforce or collect
the ABL Obligations against any ABL Grantor or the Liens securing the ABL Obligations granted in any of the ABL Priority Collateral undertaken in accordance with this Agreement, regardless of whether any action or failure to act by or on behalf of
the ABL Collateral Agent or any other ABL Claimholder is, or could be, adverse to the interest of any Term Loan Claimholder; and 

(3) the Term Loan Collateral Agent hereby acknowledges and agrees that no covenant, agreement or restriction contained in the
Term Loan Collateral Documents or any other Term Loan Document (other than this Agreement) shall be deemed to restrict in any way the rights and remedies of the ABL Collateral Agent or any other ABL Claimholder, in each case, with respect to the ABL
Priority Collateral as set forth in this Agreement and the ABL Loan Documents. 
 (e) Except as specifically set forth in
this Agreement, the Term Loan Collateral Agent and the other Term Loan Claimholders may exercise rights and remedies as unsecured creditors against the ABL Grantor that has guaranteed or granted Liens to secure the Term Loan Obligations in
accordance with the terms of the Term Loan Documents and applicable law (other than initiating or joining in an involuntary case or proceeding under any Insolvency or Liquidation Proceeding with respect to any ABL Grantor); provided that in
the event that any Term Loan Claimholder becomes a judgment Lien creditor in respect of ABL Priority Collateral as a result of its enforcement of its rights as an unsecured creditor with respect to the Term Loan Obligations, such judgment Lien shall
be subject to the terms of this Agreement for all purposes (including in relation to the ABL Obligations) in the same manner as the other Liens on the Term Loan Priority Collateral securing the Term Loan Obligations are subject to this Agreement.

 (f) Except as specifically set forth in Section 3.1(d), nothing in this Agreement shall prohibit the receipt by the
Term Loan Collateral Agent or any other Term Loan Claimholder of the required payments of interest, principal and other amounts owed in respect of the Term Loan Obligations so long as such receipt is not the direct or indirect result of the exercise
by the Term Loan Collateral Agent or any other Term Loan Claimholder of rights or remedies as a secured creditor (including set-off and recoupment) or enforcement in contravention of this Agreement of any Lien
in any assets or property of the ABL Grantor (including any ABL Priority Collateral and any proceeds thereof) held by any of them or as a result of any other violation by any Term Loan Claimholder of the express terms of this Agreement. Nothing in
this Agreement impairs or otherwise adversely affects any rights or remedies the ABL Collateral Agent or 

  
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any other ABL Claimholder may have with respect to the ABL Priority Collateral. Nothing in this Agreement impairs or otherwise adversely affects any rights or remedies any Person may have with
respect to the Term Priority Collateral. 
 3.2 Actions Upon Breach; Specific Performance. If any
Term Loan Claimholder, in contravention of the terms of this Agreement, in any way takes, attempts to or threatens to take any action with respect to the ABL Priority Collateral (including any attempt to realize upon or enforce any remedy with
respect to this Agreement), or fails to take any action required by this Agreement with respect to the ABL Priority Collateral, this Agreement shall create an irrebutable presumption and admission by such Term Loan Claimholder that relief against
such Term Loan Claimholder by injunction, specific performance and/or other appropriate equitable relief is necessary to prevent irreparable harm to the ABL Claimholders, it being understood and agreed by the Term Loan Collateral Agent on behalf of
each Term Loan Claimholder that (i) the ABL Claimholders’ damages from actions of any Term Loan Claimholder in respect of the ABL Priority Collateral may at that time be difficult to ascertain and may be irreparable, and (ii) each
Term Loan Claimholder waives any defense that any ABL Grantor and/or the ABL Claimholders cannot demonstrate damage and/or be made whole by the awarding of damages, in each case in respect of the ABL Priority Collateral. Each of the ABL Collateral
Agent and the Term Loan Collateral Agent may demand specific performance of this Agreement. The ABL Collateral Agent, on behalf of itself and each other ABL Claimholder under the ABL Loan Documents, and the Term Loan Collateral Agent, on behalf of
itself and each other Term Loan Claimholder under the Term Loan Documents, hereby irrevocably waive any defense based on the adequacy of a remedy at law and any other defense which might be asserted to bar the remedy of specific performance in any
action which may be brought by the ABL Collateral Agent or the ABL Claimholders or the Term Loan Collateral Agent or the Term Loan Claimholders, as the case may be, in each case in respect of the ABL Priority Collateral. No provision of this
Agreement shall constitute or be deemed to constitute a waiver by the ABL Collateral Agent on behalf of itself and each other ABL Claimholder or the Term Loan Collateral Agent on behalf of itself and each other Term Loan Claimholder of any right to
seek damages from any Person in connection with any breach or alleged breach of this Agreement. 
 SECTION 4.
Payments. 
 4.1 Application of Proceeds. So long as the Discharge of ABL Obligations has
not occurred, whether or not any Insolvency or Liquidation Proceeding has been commenced by or against any ABL Grantor, any ABL Priority Collateral or any proceeds thereof or Sale Proceeds received in connection with any Enforcement Action or other
exercise of remedies by the ABL Collateral Agent or any ABL Claimholder, in each case with respect to the ABL Priority Collateral, shall be applied by the ABL Collateral Agent to the ABL Obligations in such order as specified in the relevant ABL
Loan Documents; provided, that any non-cash Collateral or non-cash proceeds may be held by the ABL Collateral Agent as ABL Priority Collateral unless the failure to
apply such amounts would be commercially unreasonable. Upon the Discharge of ABL Obligations, the ABL Collateral Agent shall, in the following order, (i) unless a 

  
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Discharge of Term Loan Obligations has already occurred, deliver any remaining proceeds of ABL Priority Collateral and Sale Proceeds held by it to the Term Loan Collateral Agent to be applied by
the Term Loan Collateral Agent to the Term Loan Obligations in such order as specified in the Term Loan Documents until a Discharge of Term Loan Obligations and (ii) if a Discharge of Term Loan Obligations has already occurred, deliver such
proceeds of ABL Priority Collateral and Sale Proceeds to the ABL Grantor, its successors or assigns from time to time, or to whomever may be lawfully entitled to receive the same. 

4.2 Payments Over. (a) So long as the Discharge of ABL Obligations has not occurred, whether or
not any Insolvency or Liquidation Proceeding has been commenced by or against any ABL Grantor, any ABL Priority Collateral or any proceeds thereof and all Sale Proceeds (including assets or proceeds subject to Liens referred to in the second to last
paragraph of Section 2.3 and any assets or proceeds subject to Liens that have been avoided or otherwise invalidated) received by the Term Loan Collateral Agent or any other Term Loan Claimholder in connection with any Enforcement Action or
other exercise of any right or remedy relating to the ABL Priority Collateral, less any reasonable out-of-pocket expenses incurred in connection with such Enforcement
Action, in all cases shall be segregated and held in trust and forthwith paid over to the ABL Collateral Agent for the benefit of the ABL Claimholders in the same form as received, with any necessary endorsements (which endorsements shall be without
recourse and without any representations or warranties) or as a court of competent jurisdiction may otherwise direct. The ABL Collateral Agent is hereby authorized to make any such endorsements as agent for the Term Loan Collateral Agent or any such
other Term Loan Claimholder. This authorization is coupled with an interest and is irrevocable until the Discharge of ABL Obligations. 

(b) So long as the Discharge of ABL Obligations has not occurred, if in any Insolvency or Liquidation Proceeding of any ABL
Grantor, the Term Loan Collateral Agent or any other Term Loan Claimholder shall receive any distribution of money or other property in respect of the ABL Priority Collateral or Sale Proceeds (including any assets of any ABL Grantor or proceeds
subject to Liens that have been avoided or otherwise invalidated) such money or other property (other than debt obligations of the reorganized debtor distributed as contemplated by Section 6.6) shall be segregated and held in trust and
forthwith paid over to the ABL Collateral Agent for the benefit of the ABL Claimholders in the same form as received, with any necessary endorsements (which endorsements shall be without recourse and without any representations or warranties). Any
Lien on any assets or property of any ABL Grantor received by the Term Loan Collateral Agent or any other Term Loan Claimholder in respect of any of the Term Loan Obligations in any Insolvency or Liquidation Proceeding shall be subject to the terms
of this Agreement. 

  
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 SECTION 5. Other Agreements. 

5.1 Releases. 

(a) If in connection with any Enforcement Action by the ABL Collateral Agent or any other exercise of the ABL Collateral
Agent’s remedies, in each case, in respect of the ABL Priority Collateral (including, without limitation, the disposition of any ABL Priority Collateral by any ABL Grantor during an Event of Default under (and defined in) the ABL Loan Document
with the consent of the ABL Collateral Agent), in each case prior to the Discharge of ABL Obligations, the ABL Collateral Agent, for itself or on behalf of any other ABL Claimholder, releases any of its Liens on any part of the ABL Priority
Collateral, then the Liens, if any, of the Term Loan Collateral Agent, for itself or for the benefit of the Term Loan Claimholders, on such ABL Priority Collateral, shall be automatically, unconditionally and simultaneously released. The Term Loan
Collateral Agent, for itself or on behalf of any such Term Loan Claimholders, promptly shall execute and deliver to the ABL Collateral Agent or the applicable ABL Grantor such termination statements, releases and other documents in respect of the
ABL Priority Collateral as the ABL Collateral Agent or the applicable ABL Grantor may request to effectively confirm the foregoing releases, in each case at the expense of the ABL Grantors. 

(b) If in connection with any sale, lease, exchange, transfer or other disposition of any ABL Priority Collateral by any ABL
Grantor (collectively, a “Disposition”) permitted by or otherwise in accordance with the terms of the ABL Loan Documents and not prohibited under the terms of the Term Loan Documents (other than in connection with an
Enforcement Action or other exercise of the ABL Collateral Agent’s remedies in respect of the ABL Priority Collateral which shall be governed by Section 5.1(a)), the ABL Collateral Agent, for itself or on behalf of any other ABL
Claimholder, releases any of its Liens on any part of the ABL Priority Collateral, then the Liens, if any, of the Term Loan Collateral Agent, for itself and for the benefit of the other Term Loan Claimholders, on such ABL Priority Collateral shall
be automatically, unconditionally and simultaneously released unless as a result of, or following, the Discharge of ABL Obligations. The Term Loan Collateral Agent, for itself or on behalf of each other Term Loan Claimholder, shall promptly execute
and deliver to the ABL Collateral Agent or the ABL Grantor such termination statements, releases and other documents as the ABL Collateral Agent or the applicable ABL Grantor may request to effectively confirm such release. 

(c) Until the Discharge of ABL Obligations occurs, the Term Loan Collateral Agent, on behalf of itself and each other Term Loan
Claimholder, hereby irrevocably constitutes and appoints the ABL Collateral Agent and any officer or agent of the ABL Collateral Agent, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of the Term Loan Collateral Agent and such Term Loan Claimholder or in the ABL Collateral Agent’s own name, from time to
time in the 

  
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ABL Collateral Agent’s discretion, for the purpose of carrying out the terms of this Section 5.1, to take any and all appropriate action and to execute any and all documents and
instruments which may be necessary to accomplish the purposes of this Section 5.1, including any endorsements or other instruments of transfer or release. This power is coupled with an interest and is irrevocable until the Discharge of ABL
Obligations.1 
 (d) Until the Discharge of ABL Obligations occurs, to
the extent that the ABL Collateral Agent or any ABL Claimholder (i) has released any Lien on ABL Priority Collateral and any such Liens are later reinstated or (ii) obtains any new Liens from any ABL Grantor, then the Term Loan Collateral
Agent, for itself and for the other Term Loan Claimholders, shall be granted a Lien on any such ABL Priority Collateral (except to the extent such Lien represents a Term Loan Declined Lien with respect to the Term Loan Obligations represented by the
Term Loan Collateral Agent), subject to the lien subordination provisions of this Agreement. 
 5.2
Insurance. Unless and until the Discharge of ABL Obligations has occurred, the ABL Collateral Agent and the other ABL Claimholders have the sole and exclusive right, subject to the rights of the ABL Grantors under the ABL Loan Documents, to
adjust settlement for any insurance policy covering the ABL Priority Collateral in the event of any loss thereunder and to approve any award granted in any condemnation or similar proceeding (or any deed in lieu of condemnation) affecting the ABL
Priority Collateral. Unless and until the Discharge of ABL Obligations has occurred, and subject to the rights of the ABL Grantors under the ABL Loan Documents, all proceeds of any such policy and any such award (or any payments with respect to a
deed in lieu of condemnation) if in respect of the ABL Priority Collateral shall be paid to the ABL Collateral Agent for the benefit of the ABL Claimholders pursuant to the terms of the ABL Loan Documents (including for purposes of ABL Specific Cash
Collateral) and thereafter, if a Discharge of ABL Obligations has occurred, and subject to the rights of the ABL Grantors under the Term Loan Documents, the balance of such proceeds shall be paid to the Term Loan Collateral Agent for the benefit of
the Term Loan Claimholders to the extent required under the Term Loan Documents and then, if a Discharge of Term Loan Obligations has occurred, any remaining balance shall be paid to the ABL Grantors, their successors or assigns from time to time,
or to whomever may be lawfully entitled to receive the same. Until the Discharge of ABL Obligations has occurred, if the Term Loan Collateral Agent or any other Term Loan Claimholder shall, at any time, receive any proceeds of any such insurance
policy or any such award or payment in respect of ABL Priority Collateral in contravention of this Agreement, then it shall segregate and hold in trust and forthwith pay such proceeds over to the ABL Collateral Agent in accordance with the terms of
Section 4.2. 
 5.3 Amendments to ABL Loan Documents and Term Loan Documents. 

 

	1 	Note to HB: your prior FN is under consideration. 

  
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 (a) The ABL Loan Documents may be amended, restated, amended and restated,
supplemented, increased, extended or otherwise modified from time to time in accordance with their terms and the ABL Obligations may be Refinanced, in each case, without notice to, or the consent of the Term Loan Collateral Agent or the other Term
Loan Claimholders, all without affecting the lien subordination or other provisions of this Agreement; provided that any such amendment, restatement, supplement, increase, extension, modification or Refinancing is not inconsistent with the
terms of this Agreement and, in the case of a Refinancing (other than a Refinancing that is deemed to not have occurred pursuant to Section 5.6), the holders of such Refinancing debt (directly or through their agent) bind themselves in a
writing addressed to the Term Loan Collateral Agent to the terms of this Agreement. 
 (b) The Term Loan Documents may be
amended, restated, amended and restated, supplemented or otherwise modified from time to time in accordance with their terms and the Term Loan Debt may be Refinanced, in each case, without notice to, or the consent of the ABL Collateral Agent or any
other ABL Claimholder, all without affecting the lien subordination or other provisions of this Agreement; provided that any such amendment, restatement, supplement, modification or Refinancing is not inconsistent with the terms of this
Agreement and, in the case of any Refinancing (other than a Refinancing that is deemed to not have occurred pursuant to Section 5.6), the holders of such Refinancing debt (directly or through their agent) bind themselves in a writing addressed
to the ABL Collateral Agent to the terms of this Agreement 
 (c) In the event any ABL Collateral Agent or the ABL
Claimholders and the ABL Grantor enter into any amendment, waiver or consent in respect of any of the ABL Collateral Documents for the purpose of adding to, or deleting from, or waiving or consenting to any departures from any provisions of, any ABL
Collateral Document, in each case in respect of the ABL Priority Collateral or changing in any manner the rights of the ABL Collateral Agent, such ABL Claimholders or any ABL Grantor thereunder in respect of the ABL Priority Collateral, then such
amendment, waiver or consent shall apply automatically to any comparable provision of a Term Loan Collateral Document without the consent of the Term Loan Collateral Agent or any other Term Loan Claimholder and without any action by the Term Loan
Collateral Agent or any ABL Grantor, provided that: 
 (1) no such amendment, waiver or consent shall have the effect
of: 
 (A) removing assets subject to the Lien of the Term Loan Collateral Documents on any ABL Priority Collateral, except
to the extent that a release of such Lien is required by Section 5.1 and provided that there is a corresponding release of the Liens securing the ABL Obligations; 

  
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 (B) imposing duties on the Term Loan Collateral Agent without its consent; 

(C) permitting other Liens on the ABL Priority Collateral not permitted under the terms of the Term Loan Documents or
Section 6; or 
 (D) being prejudicial to the interests of the Term Loan Claimholders to a greater extent than the ABL
Claimholders (other than by virtue of their relative priority and the rights and obligations hereunder); and 
 (2) notice
of such amendment, waiver or consent shall have been given to the Term Loan Collateral Agent within ten Business Days after the effective date of such amendment, waiver or consent. 

5.4 Confirmation of Subordination in Term Loan Collateral Documents. Each ABL Grantor agrees that
each Term Loan Collateral Document in respect of ABL Priority Collateral shall include the following language (or language to similar effect approved by the ABL Collateral Agent): 

“Notwithstanding anything herein to the contrary, the lien and security interest granted to the Term Loan Collateral Agent pursuant to
this Agreement and the exercise of any right or remedy by the Term Loan Collateral Agent hereunder are subject to the provisions of the ABL Intercreditor Agreement, dated as of August 29, 2017 (as amended, restated, amended and restated,
supplemented or otherwise modified from time to time, the “ABL Intercreditor Agreement”), among BNP Paribas, as ABL Collateral Agent and BNP Paribas, as Term Loan Collateral Agent and certain other persons party or that may become
party thereto from time to time. In the event of any conflict between the terms of the ABL Intercreditor Agreement and this Agreement, the terms of the ABL Intercreditor Agreement shall govern and control, to the extent provided therein.” 

5.5 Gratuitous Bailee/Agent for Perfection. 

(a) The ABL Collateral Agent agrees to hold that part of the ABL Priority Collateral that is in its possession or control (or
in the possession or control of its agents or bailees) to the extent that possession or control thereof is taken to perfect a Lien thereon under the UCC (such ABL Priority Collateral being the “ABL Pledged Collateral”)
as collateral agent for the ABL Claimholders and as gratuitous bailee for the Term Loan Collateral Agent (such bailment being intended, among other things, to satisfy the requirements of Sections 8-106(d)(3), 8-301(a)(2) and 9-313(c) of the UCC) and
any assignee thereof solely for the purpose of perfecting the security interest granted under the ABL Loan Documents and the Term Loan Documents, respectively, on ABL 

  
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Priority Collateral subject to the terms and conditions of this Section 5.5. Solely with respect to any ABL Priority Collateral constituting deposit accounts under the control (within the
meaning of Section 9-104 of the UCC) of the ABL Collateral Agent, the ABL Collateral Agent agrees to also hold control over such deposit accounts as gratuitous agent for the Term Loan Collateral Agent, subject to the terms and conditions of
this Section 5.5. Prior to a Discharge of ABL Obligations, at the request of the ABL Collateral Agent, the Term Loan Collateral Agent shall turn over possession of any ABL Pledged Collateral in possession of the Term Loan Collateral Agent to
the ABL Collateral Agent. 
 (b) The ABL Collateral Agent shall have no obligation whatsoever to the other ABL Claimholders,
the Term Loan Collateral Agent or any Term Loan Claimholder to ensure that the ABL Pledged Collateral is genuine or owned by any ABL Grantor, to perfect the security interest of the Term Loan Collateral Agent or other Term Loan Claimholders or to
preserve rights or benefits of any Person except as expressly set forth in this Section 5.5. The duties or responsibilities of the ABL Collateral Agent under this Section 5.5 shall be limited solely to holding the ABL Pledged Collateral as
bailee (and with respect to deposit accounts, agent) in accordance with this Section 5.5 and delivering the ABL Pledged Collateral upon a Discharge of ABL Obligations as provided in Section 5.5(d). 

(c) No ABL Collateral Agent or any other ABL Claimholder shall have by reason of the ABL Collateral Documents, the Term Loan
Collateral Documents, this Agreement or any other document a fiduciary relationship in respect of the Term Loan Collateral Agent or any other Term Loan Claimholder and the Term Loan Collateral Agent and the Term Loan Claimholders hereby waive and
release the ABL Collateral Agent and the other ABL Claimholders from all claims and liabilities arising pursuant to the ABL Collateral Agent’s role under this Section 5.5 as gratuitous bailee and gratuitous agent with respect to the ABL
Pledged Collateral. Solely in such role under this Section 5.5 as gratuitous bailee and gratuitous agent with respect to the ABL Pledged Collateral, the ABL Collateral Agent shall be afforded the protections under Section 10.3, 10.4, 10.5,
10.7, 10.8, 10.9 and 10.10 of the ABL Credit Agreement, to the extent applicable. It is understood and agreed that the interests of the ABL Collateral Agent and the other ABL Claimholders, on the one hand, and the Term Loan Collateral Agent and the
Term Loan Claimholders on the other hand, may differ and the ABL Collateral Agent and the ABL Claimholders shall be fully entitled to act in their own interest without taking into account the interests of the Term Loan Collateral Agent or the Term
Loan Claimholders. The ABL Collateral Agent is not required to take any such action requested by the Term Loan Collateral Agent that the ABL Collateral Agent in good faith believes exposes it to any liability for expenses or other amounts unless the
ABL Collateral Agent receives an indemnity reasonably satisfactory to it or the ABL Secured Parties from the Term Loan Collateral Agent and Term Loan Lenders with respect to such action. 

  
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 (d) Upon the Discharge of ABL Obligations, the ABL Collateral Agent shall deliver
the remaining ABL Pledged Collateral in its possession (if any) together with any necessary endorsements (which endorsement shall be without recourse and without any representation or warranty), in the following order: (i) if a Discharge of
Term Loan Obligations has not already occurred, to the Term Loan Collateral Agent, (ii) if a Discharge of Term Loan Obligations has already occurred, to the ABL Borrower or to whomever may be lawfully entitled to receive the same. Following the
Discharge of ABL Obligations, ABL Collateral Agent further agrees to take all other action reasonably requested by Term Loan Collateral Agent at the expense of the ABL Borrower in connection with the Term Loan Collateral Agent obtaining a first-priority security interest in the ABL Priority Collateral. After the Discharge of ABL Obligations has occurred, upon the Discharge of Term Loan Obligations, Term Loan Collateral Agent shall deliver the
remaining ABL Pledged Collateral in its possession (if any) together with any necessary endorsements (which endorsement shall be without recourse and without any representation or warranty) to the ABL Borrower or to whomever may be lawfully entitled
to receive the same. 
 5.6 When Discharge of ABL Obligations Deemed to Not Have Occurred.
(a) If, at any time after the Discharge of ABL Obligations has occurred or contemporaneously therewith, any ABL Grantor enters into any Refinancing of any ABL Loan Document evidencing an ABL Obligation, then such Discharge of ABL Obligations
shall automatically be deemed not to have occurred for all purposes of this Agreement (provided, that for avoidance of doubt, such Refinancing shall not have any effect with respect to any actions taken by the Term Loan Collateral Agent or
any Term Loan Claimholders after the occurrence of such first Discharge of ABL Obligations and prior to the date of such Refinancing), and, from and after the date on which the New ABL Debt Notice is delivered to the Term Loan Collateral Agent in
accordance with the next sentence, the obligations under such Refinancing of the ABL Loan Document shall automatically be treated as ABL Obligations for all purposes of this Agreement, including for purposes of the Lien priorities and rights in
respect of ABL Priority Collateral set forth herein, and the ABL Collateral Agent under such ABL Loan Documents shall be the ABL Collateral Agent for all purposes of this Agreement. This Agreement shall be reinstated in full force and effect, and
such prior termination shall not diminish, release, discharge, impair or otherwise affect the obligations of the parties hereto from such date of reinstatement. Upon receipt of a notice (the “New ABL Debt Notice”)
stating that any ABL Grantor has entered into a new ABL Loan Document (which notice shall include the identity of the new ABL Collateral Agent, such agent, the “New ABL Agent”), the Term Loan Collateral Agent shall
promptly (a) enter into such documents and agreements (including amendments or supplements to this Agreement) as such ABL Grantor or such New ABL Agent shall reasonably request in order to provide to the New ABL Agent the rights contemplated
hereby, in each case consistent in all material respects with the terms of this Agreement and (b) deliver to the New ABL Agent any ABL Pledged Collateral held by it together with any necessary endorsements (or otherwise allow the New ABL Agent
to obtain control of such ABL Pledged Collateral). The New ABL Agent shall agree in a writing addressed to the Term Loan Collateral 

  
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Agent and the Term Loan Claimholders to be bound by the terms of this Agreement. If the new ABL Obligations under the new ABL Loan Documents are secured by assets of any ABL Grantor constituting
ABL Priority Collateral that do not also secure the Term Loan Obligations, then the Term Loan Obligations shall be secured at such time by a second-priority Lien on such assets to the same extent provided in the Term Loan Collateral Documents and
this Agreement except to the extent such Lien on such assets constitutes a Term Loan Declined Lien. Notwithstanding anything to the contrary, any re-borrowing or other new extension of credit pursuant to the
revolving nature of the credit facility provided pursuant to the ABL Loan Documents and any increase in the commitment of any ABL Secured Party pursuant to or in connection with Section 4.1 of the ABL Credit Agreement shall not be deemed to be
a Refinancing and shall not require the issuance of a New ABL Debt Notice. This Section 5.6(a) shall survive termination of this Agreement. 

(b) If, at any time after the Discharge of Term Loan Obligations has occurred or contemporaneously therewith, any ABL Grantor enters into any
Refinancing of any Term Loan Document evidencing a Term Loan Obligation, then such Discharge of Term Loan Obligations shall automatically be deemed not to have occurred for all purposes of this Agreement (provided, that for avoidance of
doubt, such Refinancing shall not have any effect with respect to any actions taken by the ABL Collateral Agent or any ABL Claimholders after the occurrence of such first Discharge of Term Loan Obligations and prior to the date of such Refinancing),
and, from and after the date on which the New Term Loan Debt Notice is delivered to the ABL Collateral Agent in accordance with the next sentence, the obligations under such Refinancing of the Term Loan Document shall automatically be treated as
Term Loan Obligations for all purposes of this Agreement, including for purposes of the Lien priorities and rights in respect of ABL Priority Collateral set forth herein, and the Term Loan Collateral Agent under such Term Loan Documents shall be the
Term Loan Collateral Agent for all purposes of this Agreement. This Agreement shall be reinstated in full force and effect, and such prior termination shall not diminish, release, discharge, impair or otherwise affect the obligations of the parties
hereto from such date of reinstatement. Upon receipt of a notice (the “New Term Debt Notice”) stating that any ABL Grantor has entered into a new Term Loan Document (which notice shall include the identity of the new
Term Loan Collateral Agent, such agent, the “New Term Loan Agent”), the ABL Collateral Agent shall promptly (a) enter into such documents and agreements (including amendments or supplements to this Agreement) as
such ABL Grantor or such New Term Loan Agent shall reasonably request in order to provide to the New Term Loan Agent the rights contemplated hereby, in each case consistent in all material respects with the terms of this Agreement. The New Term Loan
Agent shall agree in a writing addressed to the ABL Collateral Agent and the ABL Claimholders to be bound by the terms of this Agreement. If the new Term Loan Obligations under the new Term Loan Documents are secured by assets of any ABL Grantor
constituting ABL Priority Collateral that do not also secure the ABL Obligations, then the ABL Obligations shall be secured at such time by a first-priority Lien on such assets to the same extent provided in the ABL Collateral Documents and this
Agreement except to the extent such Lien on such assets constitutes an ABL Declined Lien. This Section 5.6(b) shall survive termination of this Agreement. 

  
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 5.7 Purchase Right. (a) Without prejudice to the
enforcement of any of the ABL Claimholders’ remedies under the ABL Loan Documents in respect of the ABL Priority Collateral, this Agreement, at law or in equity or otherwise, the ABL Claimholders agree at any time following the earliest to
occur of (i) an acceleration of any of the ABL Obligations in accordance with the terms of the applicable ABL Loan Documents, (ii) a payment default under any ABL Loan Document that has not been cured or waived by the applicable ABL
Claimholders within 60 days of the occurrence thereof or (iii) the commencement of any Insolvency or Liquidation Proceeding with respect to the ABL Grantor, the ABL Claimholders hereby offer the Term Loan Claimholders the option to purchase the
entire aggregate amount (but not less than the entirety) of outstanding ABL Obligations (including unfunded commitments under any ABL Loan Document that have not been terminated at such time) at the Purchase Price without warranty or representation
or recourse except as provided in Section 5.7(d), on a pro rata basis among the ABL Claimholders, which offer may be accepted by less than all of the Term Loan Claimholders so long as all the accepting Term Loan Claimholders shall when taken
together purchase such entire aggregate amount as set forth above. 
 (b) The “Purchase Price”
will equal the sum of (1) the full amount of all ABL Obligations then-outstanding and unpaid at par (including principal, accrued but unpaid interest and fees and any other unpaid amounts, including breakage costs and, in the case of any
secured hedging obligations, the amount that would be payable by the relevant Grantor thereunder if such Grantor were to terminate the hedge agreement in respect thereof on the date of the purchase or, if not terminated, an amount determined by the
relevant ABL Claimholder to be necessary as ABL Specific Cash Collateral, but excluding any prepayment penalties or premiums), (2) other ABL Specific Cash Collateral to be furnished to the ABL Claimholders as such ABL Claimholders determine is
reasonably necessary to secure such ABL Claimholders pursuant to and in accordance with the ABL Loan Documents and (3) all accrued and unpaid fees, expenses and other amounts (including attorneys’ fees and expenses) owed to the ABL
Claimholders under or pursuant to the ABL Loan Documents on the date of purchase. 
 (c) The Term Loan Claimholders shall
irrevocably accept or reject such offer within ten (10) days of the receipt thereof and the parties shall endeavor to close promptly thereafter. If the Term Loan Claimholders (or any subset of them) accept such offer, it shall be exercised
pursuant to documentation mutually acceptable to each of the ABL Collateral Agent and the Term Loan Collateral Agent. If the Term Loan Claimholders reject such offer (or do not so irrevocably accept such offer within the required timeframe), the ABL
Claimholders shall have no further obligations pursuant to this Section 5.7 and may take any further actions in their sole discretion in accordance with the ABL Loan Documents and this Agreement. Each ABL Claimholder will retain all rights to
indemnification and reimbursement provided in the relevant ABL Loan Documents for all claims and other amounts relating to periods prior to the purchase of the ABL Obligations pursuant to this Section 5.7 and, to the extent any such
indemnification and reimbursement rights are intended to survive the 

  
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termination of the Discharge of ABL Obligations, the termination of the ABL Loan Documents, or the termination of the commitments of the ABL Secured Parties to make extensions of credit under or
in connection with the ABL Loan Documents, for periods from and after the purchase of the ABL Obligations pursuant to this Section 5.7. 

(d) The purchase and sale of the ABL Obligations under this Section 5.7 will be without recourse and without
representation or warranty of any kind by the ABL Claimholders, except that the ABL Claimholders shall severally and not jointly represent and warrant to the Term Loan Claimholders that on the date of such purchase, immediately before giving effect
to the purchase; 
 (1) the principal of and accrued and unpaid interest on the ABL Obligations, and the fees and expenses
thereof owed to the respective ABL Claimholders, are as stated in any assignment agreement prepared in connection with the purchase and sale of the ABL Obligations; and 

(2) each ABL Claimholder owns the ABL Obligations purported to be owned by it free and clear of any Liens (other than
participation interests not prohibited by the ABL Loan Documents, in which case the Purchase Price will be appropriately adjusted so that the Term Loan Claimholders do not pay amounts represented by participation interests to the extent that the
Term Loan Claimholders expressly assume the obligations under such participation interests). 
 SECTION 6.
Insolvency or Liquidation Proceedings. 
 6.1 Finance and Sale Issues. Until the Discharge of
ABL Obligations has occurred, if any ABL Grantor shall be subject to any Insolvency or Liquidation Proceeding and the ABL Collateral Agent shall desire to permit the use of “Cash Collateral” (as such term is defined in Section 363(a)
of the Bankruptcy Code) constituting ABL Priority Collateral or proceeds thereof on which such ABL Collateral Agent or any other creditor has a Lien, or to permit any ABL Grantor to obtain financing, whether from the ABL Claimholders or any other
Person under Section 364 of the Bankruptcy Code or any similar Bankruptcy Law (“DIP Financing”), then the Term Loan Collateral Agent, on behalf of itself and each other Term Loan Claimholder, will not object to
such Cash Collateral use or DIP Financing (including any proposed orders for such Cash Collateral use and/or DIP Financing which are acceptable to the ABL Collateral Agent) and to the extent the Liens on any ABL Priority Collateral securing the ABL
Obligations are subordinated to or pari passu with such DIP Financing, the Term Loan Collateral Agent will subordinate its Liens in such ABL Priority Collateral to the Liens securing such DIP Financing (and all Obligations relating thereto) and will
not request adequate protection or any other relief in connection therewith (except, as expressly agreed by the ABL Collateral Agent or to the extent permitted by Section 6.3); provided that the Term Loan Collateral Agent and the other Term
Loan Claimholders 

  
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retain the right to object to any ancillary agreements or arrangements regarding Cash Collateral use or the DIP Financing (i) that are materially prejudicial to their interests with respect
to the ABL Priority Collateral or (ii) such DIP Financing does not compel the ABL Grantor to seek confirmation of a specific plan of reorganization for which all or substantially all of the material terms are set forth in the DIP Financing
documentation or a related document. No Term Loan Claimholder (unless such Term Loan Claimholder is also an ABL Claimholder) may provide DIP Financing to the ABL Grantor secured by Liens on ABL Priority Collateral equal or senior in priority to the
Liens securing any ABL Obligations. The Term Loan Collateral Agent, on behalf of itself and each other Term Loan Claimholder, agrees that it will not oppose any sale of ABL Priority Collateral free and clear of the Liens of the Term Loan
Claimholders conducted in accordance with Section 363 of the Bankruptcy Code (or any equivalent provisions in any other applicable jurisdictions) that has been consented to by the ABL Collateral Agent, and it (i) will be deemed to have
consented to any such sale, (ii) will agree not to seek consultation rights in connection therewith and (iii) shall not have the right to credit bid under Section 363(k) of the Bankruptcy Code with respect to any such sale unless the
cash portion of any such bid is sufficient to a cause a Discharge of the ABL Obligations. Nothing in this Agreement shall in any way limit or affect the rights of the ABL Claimholders or the Term Loan Claimholders to object to any plan on any basis.

 6.2 Relief from the Automatic Stay. Until the Discharge of ABL Obligations has occurred, the
Term Loan Collateral Agent, on behalf of itself and each other Term Loan Claimholder, agrees that none of them shall: (i) seek (or support any other Person seeking) relief from the automatic stay or any other stay in any Insolvency or
Liquidation Proceeding of any ABL Grantor in respect of the ABL Priority Collateral, without the prior written consent of the ABL Collateral Agent, unless a motion for adequate protection permitted under Section 6.3 has been denied by a
bankruptcy court or (ii) oppose (or support any other Person in opposing) any request by the ABL Collateral Agent for relief from such stay. 

6.3 Adequate Protection. 

(a) The Term Loan Collateral Agent, on behalf of itself and each other Term Loan Claimholder, agrees that none of them shall
contest (or support any other Person contesting): 
 (1) any request by the ABL Collateral Agent or any other ABL
Claimholder for adequate protection under any Bankruptcy Law with respect to ABL Priority Collateral; or 
 (2) any
objection by the ABL Collateral Agent or any other ABL Claimholder to any motion, relief, action or proceeding based on the ABL Collateral Agent or any ABL Claimholder claiming a lack of adequate protection with respect to ABL Priority Collateral.

 (b) Notwithstanding the foregoing provisions in this Section 6.3, in any Insolvency or Liquidation Proceeding of any
ABL Grantor: 

  
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 (1) if the ABL Claimholders (or any subset thereof) are granted adequate
protection with respect to ABL Priority Collateral in the form of additional collateral in connection with any Cash Collateral use or DIP Financing, then the Term Loan Collateral Agent, for itself and any other Term Loan Claimholder, may seek or
request adequate protection in the form of a Lien on such additional collateral, which Lien will be subordinated to the Liens securing the ABL Obligations and such Cash Collateral use or DIP Financing (and all Obligations relating thereto) on the
same basis as the other Liens securing the Term Loan Obligations are so subordinated to the ABL Obligations under this Agreement; and 

(2) the Term Loan Collateral Agent and Term Loan Claimholders shall only be permitted to seek adequate protection with respect
to their rights in the ABL Priority Collateral in any Insolvency or Liquidation Proceeding of any ABL Grantor in the form of (A) additional collateral; provided that as adequate protection for the ABL Obligations, the ABL Collateral
Agent, on behalf of the ABL Claimholders, is also granted a Lien on such additional collateral, which Lien shall be senior to any Lien of the Term Loan Collateral Agent and the Term Loan Claimholders on such additional collateral;
(B) replacement Liens on the ABL Priority Collateral; provided that as adequate protection for the ABL Obligations, the ABL Collateral Agent, on behalf of the ABL Claimholders, is also granted replacement Liens on the ABL Priority
Collateral, which Liens shall be senior to the Liens of the Term Loan Collateral Agent and the Term Loan Claimholders on the ABL Priority Collateral; (C) an administrative expense claim against any ABL Grantor; provided that as adequate
protection for the ABL Obligations, the ABL Collateral Agent, on behalf of the ABL Claimholders, is also granted an administrative expense claim against such ABL Grantor which is senior and prior to the administrative expense claim of the Term Loan
Collateral Agent and the other Term Loan Claimholders; and (D) cash payments with respect to Post-Petition Interest on the Term Loan Obligations to the extent such Post-Petition Interest relates to the value of the Term Loan Claimholders’
Lien on the ABL Priority Collateral; provided that (1) as adequate protection for the ABL Obligations, the ABL Collateral Agent, on behalf of the ABL Claimholders, is also granted cash payments with respect to Post-Petition Interest on
the ABL Obligations to the extent such Post-Petition Interest relates to the value of the ABL Claimholders’ Lien on the ABL Priority Collateral, and (2) such cash payments do not exceed an amount equal to the interest accruing on the
principal amount of Term Loan Obligations outstanding on the date such relief is granted at the interest rate under the Term Loan Documents and accruing from the date the Term Loan Collateral Agent is granted such relief. If any Term Loan
Claimholder receives Post-Petition Interest and/or adequate protection payments in an Insolvency or Liquidation Proceeding of the ABL Grantor with respect to the ABL Priority Collateral (“Term Loan Adequate Protection Payments”),
and the ABL Claimholders do not receive 

  
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payment in full in cash of all ABL Obligations upon the effectiveness of the plan of reorganization for, or conclusion of, that Insolvency or Liquidation Proceeding, then each Term Loan
Claimholder shall pay over to the ABL Claimholders an amount (the “Pay-Over Amount”) equal to the lesser of (i) the Term Loan Adequate Protection Payments received by such Term Loan
Claimholders and (ii) the amount of the short-fall (the “Short Fall”) in payment in full in cash of the ABL Obligations; provided that to the extent any portion of the Short Fall represents payments received by the ABL
Claimholders in the form of promissory notes, equity or other property, equal in value to the cash paid in respect of the Pay-Over Amount, the ABL Claimholders shall, upon receipt of the Pay-Over Amount, transfer those promissory notes, equity or other property, equal in value to the cash paid in respect of the Pay-Over Amount, to the applicable Term Loan
Claimholders pro rata in exchange for the Pay-Over Amount. Notwithstanding anything herein to the contrary, the ABL Claimholders shall not be deemed to have consented to, and expressly retain their rights to
object to, the grant of adequate protection in the form of cash payments to the Term Loan Claimholders made pursuant to this Section 6.3(b). 

(c) The Term Loan Collateral Agent, on behalf of itself and each other Term Loan Claimholder, agrees that notice of a hearing
to approve DIP Financing or use of Cash Collateral on an interim basis shall be adequate if delivered to the Term Loan Collateral Agent at least two (2) Business Days in advance of such hearing and that notice of a hearing to approve DIP
Financing or use of Cash Collateral on a final basis shall be adequate if delivered to the Term Loan Collateral Agent at least fifteen (15) days in advance of such hearing. 

6.4 No Waiver. Subject to Section 6.7(b), nothing contained herein shall prohibit or in any way
limit the ABL Collateral Agent or any other ABL Claimholder from objecting in any Insolvency or Liquidation Proceeding of any ABL Grantor or otherwise to any action taken by the Term Loan Collateral Agent or any of the other Term Loan Claimholders
with respect to the ABL Priority Collateral, including the seeking by the Term Loan Collateral Agent or any other Term Loan Claimholder of adequate protection or the asserting by the Term Loan Collateral Agent or any other Term Loan Claimholder of
any of its rights and remedies under the Term Loan Documents or otherwise, in each case in respect of the ABL Priority Collateral. 
 
6.5 Avoidance Issues. If any ABL Claimholder is required in any Insolvency or Liquidation Proceeding or otherwise to turn over or otherwise pay to the estate of any ABL Grantor any amount paid in respect of ABL Obligations (a
“Recovery”), then such ABL Claimholder shall be entitled to a reinstatement of its ABL Obligations with respect to all such recovered amounts on the date of such Recovery, and from and after the date of such
reinstatement the Discharge of ABL Obligations shall be deemed not to have occurred for all purposes hereunder. If this Agreement shall have been terminated prior to such Recovery, this Agreement shall be reinstated in full force and effect, and
such prior termination shall not diminish, release, discharge, impair or otherwise affect the obligations of the parties hereto from such date of reinstatement. This Section 6.5 shall survive termination of this Agreement. 

  
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 6.6 Reorganization Securities. If, in any Insolvency or
Liquidation Proceeding of any ABL Grantor, debt obligations of the reorganized debtor of any ABL Grantor secured by Liens upon any property of the reorganized debtor of any ABL Grantor are distributed pursuant to a plan of reorganization,
arrangement, compromise or liquidation or similar dispositive restructuring plan, both on account of ABL Obligations and on account of Term Loan Obligations, then, to the extent the debt obligations distributed on account of the ABL Obligations and
on account of the Term Loan Obligations are secured by Liens upon the same property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing
such debt obligations. 
 6.7 Post-Petition Interest. 

(a) None of the Term Loan Collateral Agent or any other Term Loan Claimholder shall oppose or seek to challenge any claim by
the ABL Collateral Agent or any other ABL Claimholder for allowance in any Insolvency or Liquidation Proceeding of any ABL Grantor of ABL Obligations consisting of Post-Petition Interest to the extent of the value of any ABL Claimholder’s Lien
on the ABL Priority Collateral, without regard to the existence of the Liens of the Term Loan Collateral Agent or the other Term Loan Claimholders on the ABL Priority Collateral. 

(b) None of the ABL Collateral Agent or any other ABL Claimholder shall oppose or seek to challenge any claim by the Term Loan
Collateral Agent or any other Term Loan Claimholder for allowance in any Insolvency or Liquidation Proceeding of any ABL Grantor of Term Loan Obligations consisting of Post-Petition Interest to the extent of the value of the Lien of the Term Loan
Collateral Agent, on behalf of the Term Loan Claimholders, on the ABL Priority Collateral (after taking into account the amount of the ABL Obligations). 

6.8 Waiver. The Term Loan Collateral Agent, on behalf of itself and each other Term Loan Claimholder,
waives any claim it may hereafter have against any ABL Claimholder arising out of the election of any ABL Claimholder of the application of Section 1111(b)(2) of the Bankruptcy Code, and/or out of any cash collateral or financing arrangement or
out of any grant of a security interest, in each case in connection with the ABL Priority Collateral in any Insolvency or Liquidation Proceeding of any ABL Grantor so long as such actions are not in express contravention of the terms of this
Agreement. 
 6.9 Separate Grants of Security and Separate Classification. Each ABL Grantor, the
Term Loan Collateral Agent, on behalf of itself and each other Term Loan Claimholder, and the ABL Collateral Agent on behalf of itself and each other ABL Claimholder, each acknowledge and agree that: 

(a) the grants of Liens on the ABL Priority Collateral pursuant to the ABL Collateral Documents and the Term Loan Collateral
Documents constitute two separate and distinct grants of Liens; and 

  
 33 

 (b) because of, among other things, their differing rights in the ABL Priority
Collateral, the Term Loan Obligations are fundamentally different from the ABL Obligations and must be separately classified in any plan of reorganization proposed or adopted in an Insolvency or Liquidation Proceeding of any ABL Grantor. 

To further effectuate the intent of the parties as provided in the immediately preceding sentence, if it is held that the claims of the ABL
Claimholders and the Term Loan Claimholders in respect of the ABL Priority Collateral constitute only one secured claim (rather than separate classes of senior and junior secured claims), then each of the parties hereto hereby acknowledges and
agrees that all distributions shall be made as if there were separate classes of senior and junior secured claims against any ABL Grantor in respect of the ABL Priority Collateral (with the effect being that, to the extent that the aggregate value
of the ABL Priority Collateral is sufficient (for this purpose ignoring all claims held by the Term Loan Claimholders), the ABL Claimholders shall be entitled to receive, in addition to amounts distributed to them in respect of principal, pre-petition interest and other claims, all amounts owing (or that would be owing if there were such separate classes of senior and junior secured claims) in respect of Post-Petition Interest (including any
additional interest payable pursuant to the ABL Loan Documents arising from or related to a default, which is disallowed as a claim in any Insolvency or Liquidation Proceeding of any ABL Grantor) before any distribution is made in respect of the
claims held by the Term Loan Claimholders with respect to the ABL Priority Collateral, with the Term Loan Collateral Agent, on behalf of itself and each other Term Loan Claimholder, hereby acknowledging and agreeing to turn over to the ABL
Collateral Agent, on behalf of itself and each other ABL Claimholder, ABL Priority Collateral or proceeds of ABL Priority Collateral otherwise received or receivable by them to the extent necessary to effectuate the intent of this sentence, even if
such turnover has the effect of reducing the claim or recovery of the Term Loan Claimholders). 
 6.10
Effectiveness in Insolvency or Liquidation Proceedings. The Parties acknowledge that this Agreement is a “subordination agreement” under Section 510(a) of the Bankruptcy Code with respect to the ABL Priority Collateral, which
will be effective before, during and after the commencement of an Insolvency or Liquidation Proceeding. All references in this Agreement to any ABL Grantor will include such Person as a
debtor-in-possession and any receiver or trustee for such Person in an Insolvency or Liquidation Proceeding. 

SECTION 7. Reliance; Waivers; Etc. 

7.1 Reliance. Other than any reliance on the terms of this Agreement, the ABL Collateral Agent, on
behalf of itself and each other ABL Claimholder, acknowledges that it and such other ABL Claimholders have, independently and without reliance on the Term Loan Collateral Agent or any other Term Loan Claimholder, and

  
 34 

 
based on documents and information deemed by them appropriate, made their own credit analysis and decision to enter into each of the ABL Loan Documents and be bound by the terms of this Agreement
and they will continue to make their own credit decision in taking or not taking any action under the ABL Loan Documents or this Agreement. The Term Loan Collateral Agent, on behalf of itself and each other Term Loan Claimholder, acknowledges that
it and such other Term Loan Claimholders have, independently and without reliance on the ABL Collateral Agent or any other ABL Claimholder, and based on documents and information deemed by them appropriate, made their own credit analysis and
decision to enter into each of the Term Loan Documents and be bound by the terms of this Agreement and they will continue to make their own credit decision in taking or not taking any action under the Term Loan Documents or this Agreement. 

7.2 No Warranties or Liability. The ABL Collateral Agent, on behalf of itself and each other ABL
Claimholder, acknowledges and agrees that none of the Term Loan Collateral Agent or any other Term Loan Claimholder has made any express or implied representation or warranty, including with respect to the execution, validity, legality,
completeness, collectability or enforceability of any of the Term Loan Documents, the ownership of any ABL Priority Collateral or the perfection or priority of any Liens thereon. Except as otherwise provided herein, the Term Loan Claimholders will
be entitled to manage and supervise their respective loans and extensions of credit under the Term Loan Documents in accordance with law and as they may otherwise, in their sole discretion, deem appropriate. The Term Loan Collateral Agent, on behalf
of itself and each other Term Loan Claimholder, acknowledges and agrees that none of the ABL Collateral Agent or any other ABL Claimholder has made any express or implied representation or warranty, including with respect to the execution, validity,
legality, completeness, collectability or enforceability of any of the ABL Loan Documents, the ownership of any ABL Priority Collateral or the perfection or priority of any Liens thereon. Except as otherwise provided herein, the ABL Claimholders
will be entitled to manage and supervise their respective loans and extensions of credit under the ABL Loan Documents in accordance with law and as they may otherwise, in their sole discretion, deem appropriate. The Term Loan Collateral Agent and
the other Term Loan Claimholders shall have no duty to the ABL Collateral Agent or any other ABL Claimholder, and the ABL Collateral Agent and the other ABL Claimholders shall have no duty to the Term Loan Collateral Agent or any other Term Loan
Claimholder, to act or refrain from acting in a manner which allows, or results in, the occurrence or continuance of an event of default or default under any agreements with any ABL Grantor (including the ABL Loan Documents and the Term Loan
Documents), regardless of any knowledge thereof which they may have or be charged with. 
 7.3 No
Waiver of Lien Priorities. 
 (a) No right of the ABL Claimholders, the ABL Collateral Agent or any of them to enforce
any provision of this Agreement or any ABL Loan Document is or will be deemed to at any time in any way be prejudiced or impaired by any act or failure to act on the part of any ABL Grantor or by any act or failure to act by any ABL Claimholder or
the ABL Collateral Agent, or by any noncompliance by any Person with the terms, provisions and covenants of this 

  
 35 

 
Agreement, any of the ABL Loan Documents or any of the Term Loan Documents, regardless of any knowledge thereof which the ABL Collateral Agent or any ABL Claimholder, or any of them, may have or
be otherwise charged with. 
 (b) Without in any way limiting the generality of the foregoing paragraph (but subject to the
rights of the ABL Grantors under the ABL Loan Documents and subject to the provisions of Section 5.3(a)), the ABL Claimholders, the ABL Collateral Agent and any of them may, at any time and from time to time in accordance with the ABL Loan
Documents and/or applicable law, without the consent of, or notice to, the Term Loan Collateral Agent or any other Term Loan Claimholder, without incurring any liabilities to the Term Loan Collateral Agent or any other Term Loan Claimholder and
without impairing or releasing the Lien priorities on the ABL Priority Collateral and other benefits provided in this Agreement (even if any right of subrogation or other right or remedy of the Term Loan Collateral Agent or any other Term Loan
Claimholder is affected, impaired or extinguished thereby) do any one or more of the following: 
 (1) change the manner,
place or terms of payment or change or extend the time of payment of, or amend, renew, exchange, increase or alter, the terms of any of the ABL Obligations or any Lien on any ABL Priority Collateral or guaranty by any ABL Grantor of any of the ABL
Obligations or any liability of any ABL Grantor, or any liability incurred directly or indirectly in respect thereof (including any increase in or extension of the ABL Obligations, without any restriction as to the tenor or terms of any such
increase or extension) or otherwise amend, renew, exchange, extend, modify or supplement in any manner any Liens on the ABL Priority Collateral held by the ABL Collateral Agent or any of the other ABL Claimholders, the ABL Obligations or any of the
ABL Loan Documents; 
 (2) sell, exchange, release, surrender, realize upon, enforce or otherwise deal with in any manner
and in any order any part of the ABL Priority Collateral or any liability of the ABL Grantor to any of the ABL Claimholders or the ABL Collateral Agent, or any liability incurred directly or indirectly in respect thereof; 

(3) settle or compromise any ABL Obligation of any ABL Grantor or any other liability of any ABL Grantor or any security
granted by any ABL Grantor therefor or any liability incurred directly or indirectly in respect thereof and apply any sums by whomsoever paid and however realized to any liability (including the ABL Obligations of any ABL Grantor) in any manner or
order; and 
 (4) exercise or delay in or refrain from exercising any right or remedy against any ABL Grantor or any
security granted by any ABL Grantor, and elect any remedy against any ABL Grantor and 

  
 36 

 
otherwise deal freely with any ABL Grantor or any ABL Priority Collateral and any security granted by any ABL Grantor and any guarantor or any liability of any ABL Grantor to the ABL Claimholders
or any liability incurred directly or indirectly in respect thereof. 
 (c) Until the Discharge of ABL Obligations, the Term
Loan Collateral Agent, on behalf of itself and each other Term Loan Claimholder, agrees not to assert and hereby waives, to the fullest extent permitted by law, any right to demand, request, plead or otherwise assert or otherwise claim the benefit
of any marshaling, appraisal, valuation or other similar right that may otherwise be available under applicable law with respect to the ABL Priority Collateral or any other similar rights a junior secured creditor may have under applicable law with
respect to the ABL Priority Collateral. 
 7.4 Obligations Unconditional. All rights, interests,
agreements and obligations of the ABL Collateral Agent and the ABL Claimholders and the Term Loan Collateral Agent and the other Term Loan Claimholders, respectively, hereunder shall remain in full force and effect irrespective of: 

(a) any lack of validity or enforceability of any ABL Loan Documents or any Term Loan Documents; 

(b) except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any
other terms of, all or any of the ABL Obligations or Term Loan Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any ABL Loan
Document or any Term Loan Document; 
 (c) except as otherwise expressly set forth in this Agreement, any exchange of any
security interest in any ABL Priority Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the ABL Obligations or Term Loan Obligations or any
guarantee thereof; 
 (d) the commencement of any Insolvency or Liquidation Proceeding in respect of any ABL Grantor; or 

(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, any ABL Grantor in
respect of the ABL Collateral Agent, the ABL Obligations, any ABL Claimholder, the Term Loan Collateral Agent, the Term Loan Obligations or any Term Loan Claimholder in respect of this Agreement. 

SECTION 8. Miscellaneous. 

8.1 Integration/Conflicts. This Agreement, the ABL Loan Documents and the Term Loan Documents
represent the entire agreement of the ABL Grantors, the 

  
 37 

 
ABL Claimholders and the Term Loan Claimholders with respect to the subject matter hereof and thereof, and supersede any and all previous agreements and understandings, oral or written, relating
to the subject matter hereof and thereof. There are no promises, undertakings, representations or warranties by the ABL Claimholders or the Term Loan Claimholders relative to the subject matter hereof and thereof not expressly set forth or referred
to herein or therein. In the event of any conflict between the provisions of this Agreement and the provisions of the ABL Loan Documents or the Term Loan Documents or the Term Loan Intercreditor and Collateral Agency Agreement, the provisions of
this Agreement shall govern and control with respect to the ABL Priority Collateral or any actions against any ABL Grantor. In the event of any conflict between the provisions of the Term Loan Intercreditor and Collateral Agency Agreement and the
provisions of the ABL Loan Documents, the Term Loan Documents or this Agreement, the provisions of the Term Loan Intercreditor and Collateral Agency Agreement shall govern and control with respect to the Term Priority Collateral and any actions
against any ABL Guarantor. 
 8.2 Effectiveness; Continuing Nature of this Agreement;
Severability. This Agreement shall become effective when executed and delivered by the parties hereto. This is a continuing agreement of lien subordination on the ABL Priority Collateral and the ABL Claimholders may continue, at any time and
without notice to the Term Loan Collateral Agent or any other Term Loan Claimholder subject to the Term Loan Documents, to extend credit and other financial accommodations and lend monies to or for the benefit of the ABL Borrower or any ABL Grantor
constituting ABL Obligations in reliance hereof. The Term Loan Collateral Agent, on behalf of itself and each other Term Loan Claimholder, hereby waives any right it may have under applicable law to revoke this Agreement or any of the provisions of
this Agreement. The terms of this Agreement shall survive, and shall continue in full force and effect, in any Insolvency or Liquidation Proceeding of any ABL Grantor. Any provision of this Agreement that is prohibited or unenforceable in any
jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not
invalidate or render unenforceable such provision in any other jurisdiction. The parties hereto shall endeavor in good faith negotiations to replace any invalid, illegal or unenforceable provisions with valid provisions the economic effect of which
comes as close as possible to those of the invalid, illegal or unenforceable provisions. All references to any ABL Grantor shall include such ABL Grantor as debtor and
debtor-in-possession and any receiver, trustee or similar person for any other ABL Grantor (as the case may be) in any Insolvency or Liquidation Proceeding of any ABL
Grantor. This Agreement shall terminate and be of no further force and effect on the earlier to occur of (x) the date on which there has been a Discharge of ABL Obligations and (y) the date on which there has been a Discharge of Term Loan
Obligations, in each case, subject to Sections 5.6 and 6.5; provided, however, that no termination shall relieve any party of its obligations incurred hereunder prior to the date of termination. 

8.3 Amendments; Waivers. No amendment, modification or waiver of any of the provisions of this
Agreement by the Term Loan Collateral Agent or the ABL 

  
 38 

 
Collateral Agent shall be deemed to be made unless the same shall be in writing signed on behalf of each party hereto or its authorized agent and each waiver, if any, shall be a waiver only with
respect to the specific instance involved and shall in no way impair the rights of the parties making such waiver or the obligations of the other parties to such party in any other respect or at any other time. Notwithstanding the foregoing, no ABL
Grantor shall have any right to consent to or approve any amendment, modification or waiver of any provision of this Agreement, except with respect to this Section 8.3 (including, in each case, each defined term referred to therein to the
extent used therein) to the extent such amendment, modification or waiver directly and adversely affects the rights of such ABL Grantor. 
 
8.4 Information Concerning Financial Condition of the ABL Borrower and its Subsidiaries. The ABL Collateral Agent and the ABL Claimholders, on the one hand, and the Term Loan Claimholders and the Term Loan Collateral Agent, on the
other hand, shall each be responsible for keeping themselves informed of (a) the financial condition of the ABL Grantors and all endorsers and/or guarantors of the ABL Obligations or the Term Loan Obligations and (b) all other
circumstances bearing upon the risk of nonpayment of the ABL Obligations or the Term Loan Obligations. The ABL Collateral Agent and the other ABL Claimholders shall have no duty to advise the Term Loan Collateral Agent or any other Term Loan
Claimholder of information known to it or them regarding such condition or any such circumstances or otherwise. In the event the ABL Collateral Agent or any of the other ABL Claimholders, in its or their sole discretion, undertakes at any time or
from time to time to provide any such information to the Term Loan Collateral Agent or any other Term Loan Claimholder, it or they shall be under no obligation: 

(a) to make, and the ABL Collateral Agent and the other ABL Claimholders shall not make, any express or implied representation
or warranty, including with respect to the accuracy, completeness, truthfulness or validity of any such information so provided; 

(b) to provide any additional information or to provide any such information on any subsequent occasion; 

(c) to undertake any investigation; or 

(d) to disclose any information, which pursuant to accepted or reasonable commercial finance practices, such party wishes to
maintain confidential or is otherwise required to maintain confidential. 
 8.5 Subrogation. With
respect to the value of any payments or distributions in cash, property or other assets that any of the Term Loan Claimholders or the Term Loan Collateral Agent pays over to the ABL Collateral Agent or the ABL Claimholders under the terms of this
Agreement, the Term Loan Claimholders and the Term Loan Collateral Agent shall be subrogated to the rights of the ABL Collateral Agent and the ABL Claimholders; provided that the Term Loan Collateral Agent, on behalf of itself and each other Term
Loan Claimholder, hereby agrees not to assert or 

  
 39 

 
enforce any such rights of subrogation it may acquire as a result of any payment hereunder until the Discharge of ABL Obligations has occurred. Each ABL Grantor acknowledges and agrees that the
value of any payments or distributions in cash, property or other assets received by the Term Loan Collateral Agent or the Term Loan Claimholders that are paid over to the ABL Collateral Agent or the ABL Claimholders pursuant to this Agreement shall
not reduce any of the Term Loan Obligations. 
 8.6 Application of Payments. All payments received
by the ABL Collateral Agent or the ABL Claimholders from any ABL Grantor may be applied, reversed and reapplied, in whole or in part, to such part of the ABL Obligations provided for in the ABL Loan Documents. The Term Loan Collateral Agent, on
behalf of itself and each other Term Loan Claimholder, agrees to any extension or postponement of the time of payment of the ABL Obligations or any part thereof and to any other indulgence with respect thereto, to any substitution, exchange or
release of any Lien which may at any time secure any part of the ABL Obligations. 
 8.7 Submission to
Jurisdiction; Certain Waivers. Each of the ABL Grantor, the ABL Collateral Agent on behalf of itself and each other ABL Claimholder and the Term Loan Collateral Agent on behalf of itself and each Term Loan Claimholder hereby irrevocably and
unconditionally: 
 (a) submits for itself and its property in any legal action or proceeding relating to this Agreement and
the Collateral Documents (whether arising in contract, tort or otherwise) to which it is a party, or for recognition and enforcement of any judgment in respect thereof, to the exclusive general jurisdiction of the courts of the State of New York
sitting in the Borough of Manhattan, the courts of the United States for the Southern District of New York sitting in the Borough of Manhattan, and appellate courts from any thereof; 

(b) agrees that all claims in respect of any such action or proceeding shall be heard and determined in such New York state
court or, to the fullest extent permitted by applicable law, in such federal court; 
 (c) agrees that a final judgment in
any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law and that nothing in this Agreement or any other ABL Loan Document or Term Loan Document shall
affect any right that any Secured Party may otherwise have to bring any action or proceeding relating to this Agreement or any other ABL Loan Document or Term Loan Document against such ABL Grantor or any of its assets in the courts of any
jurisdiction; 
 (d) waives, to the fullest extent permitted by applicable law, any objection that it may now or hereafter
have to the laying of venue of any action or proceeding arising out of or relating to this Agreement or any other Collateral Documents in any court referred to in Section 8.7(a) (and irrevocably waives to the fullest extent permitted by
applicable law the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court); 

  
 40 

 (e) consents to service of process in any such proceeding in any such court by
registered or certified mail, return receipt requested, to the applicable party at its address provided in accordance with Section 8.9 (and agrees that nothing in this Agreement will affect the right of any party hereto to serve process in any
other manner permitted by applicable law); 
 (f) agrees that service as provided in Section 8.7(e) is sufficient to
confer personal jurisdiction over the applicable party in any such proceeding in any such court, and otherwise constitutes effective and binding service in every respect; and 

(g) waives, to the maximum extent not prohibited by law, any right it may have to claim or recover any special, exemplary,
punitive or consequential damages. 
 8.8 WAIVER OF JURY TRIAL. 

EACH PARTY HERETO, AND EACH ABL GRANTOR HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE
TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT, BREACH OF DUTY, COMMON LAW, STATUTE OR ANY OTHER
THEORY). EACH PARTY HERETO AND EACH ABL GRANTOR (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE
THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. EACH PARTY HERETO AND EACH ABL GRANTOR
FURTHER REPRESENTS AND WARRANTS THAT IT HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL AND THAT IT KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. 

8.9 Notices. All notices to the Term Loan Claimholders and the ABL Claimholders permitted or required
under this Agreement shall be sent to the Term Loan Collateral Agent and the ABL Collateral Agent, respectively. Unless otherwise specifically provided herein, any notice hereunder shall be in writing and may be personally served or sent by
telefacsimile, electronic mail or United States mail or courier service and shall be deemed to have been given when delivered in person or by courier 

  
 41 

 
service and signed for against receipt thereof, upon receipt of telefacsimile or electronic mail, or three Business Days after depositing it in the United States mail with postage prepaid and
properly addressed. For the purposes hereof, the addresses of the parties hereto shall be as set forth below each party’s name on the signature pages hereto or in the Joinder Agreement pursuant to which it becomes a party hereto, or, as to each
party, at such other address as may be designated by such party in a written notice to all of the other parties. 
 
8.10 Further Assurances. The ABL Collateral Agent, on behalf of itself and each other ABL Claimholder under the ABL Loan Documents, and the Term Loan Collateral Agent, on behalf of itself and each other Term Loan Claimholder under the
Term Loan Documents, and each ABL Grantor, agree that each of them shall take such further action and shall execute and deliver such additional documents and instruments (in recordable form, if requested) as the ABL Collateral Agent or the Term Loan
Collateral Agent may reasonably request to effectuate the terms of and the Lien priorities in respect of the ABL Priority Collateral contemplated by this Agreement. 

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

8.12 Binding on Successors and Assigns. This Agreement shall be binding upon the ABL Collateral
Agent, the other ABL Claimholders, the Term Loan Collateral Agent, the other Term Loan Claimholders, the ABL Grantors, and their respective successors and assigns from time to time. If either of the ABL Collateral Agent or the Term Loan Collateral
Agent resigns or is replaced pursuant to the ABL Loan Documents or the Term Loan Documents, as applicable, its successor and/or assign shall be deemed to be a party to this Agreement and shall have all the rights of, and be subject to all the
obligations of, this Agreement. No provision of this Agreement will inure to the benefit of a bankruptcy trustee, debtor-in-possession, creditor trust or other
representative of an estate or creditor of any ABL Grantor, including where any such bankruptcy trustee, debtor-in-possession, creditor trust or other representative of
an estate is the beneficiary of a Lien securing ABL Priority Collateral by virtue of the avoidance of such Lien in an Insolvency or Liquidation Proceeding. 

8.13 Section Headings. The section headings and the table of contents used in this Agreement are
included herein for convenience of reference only and shall not constitute a part of this Agreement for any other purpose, be given any substantive effect, affect the construction hereof or be taken into consideration in the interpretation hereof.

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

8.15 Authorization. By its signature, each Person executing this Agreement, on behalf of such Person
but not in his or her personal capacity as a signatory, represents and warrants to the other parties hereto that it is duly authorized to execute this Agreement. 

8.16 No Third Party Beneficiaries/ Provisions Solely to Define Relative Rights. This
Agreement and the rights and benefits hereof shall inure to the benefit of each of the ABL Claimholders and the Term Loan Claimholders and their respective successors and assigns from time to time. The provisions of this Agreement are and are
intended solely for the purpose of defining the relative rights of the ABL Collateral Agent and the other ABL Claimholders on the one hand and the Term Loan Collateral Agent and the other Term Loan Claimholders on the other hand. Nothing herein
shall be construed to limit the relative rights and obligations as among the ABL Claimholders or as among the Term Loan Claimholders. Other than as set forth in Section 8.3, none of any ABL Grantor or any other creditor shall have any rights
hereunder and neither any ABL Grantors nor any other creditor may rely on the terms hereof. Nothing in this Agreement is intended to or shall impair the obligations of any ABL Grantor, which are absolute and unconditional, to pay the ABL Obligations
and the Term Loan Obligations as and when the same shall become due and payable in accordance with their terms. 
 
8.17 Additional ABL Grantors. The ABL Borrower agrees that it shall ensure that each of its Subsidiaries that is or is to become a party to any ABL Collateral Document or any Term Loan Collateral Document pursuant to which such Subsidiary
has or will grant a lien on any its assets to secure any ABL Obligations or Term Loan Obligations shall either execute this Agreement on the date hereof or shall confirm that it is an ABL Grantor hereunder pursuant to a Joinder Agreement
substantially in the form attached hereto as Exhibit A that is executed and delivered by such Subsidiary prior to or concurrently with its execution and delivery of such ABL Collateral Document or such Term Loan Collateral Document. 

[Remainder of this page intentionally left blank] 

  
 43 

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

			
	ABL Collateral Agent
	
	 BNP PARIBAS,
 as collateral
agent,

		
	By:	 	/s/ Bradley Dingwall
		 	Name: Bradley Dingwall
		 	Title: Director
		
	By:	 	/s/ Deborah P. Whittle
		 	Name: Deborah P. Whittle
		 	Title: Director
	
	 NOTICE ADDRESS
 Bradley Dingwall

Director
 BNP Paribas - Commodity Structured Debt

Origination
 787 Seventh Avenue, New York, NY 10019

Tel: 1 212-340-5354
 Mobile 1: +1 203-312-4152

Mobile 2: +1 917-412-4271

Bradley.dingwall@us.bnpparibas.com

	
	Term Loan Collateral Agent
	
	 BNP PARIBAS,
 as collateral
agent,

		
	By:	 	/s/ Andrew Shapiro
		 	Name: Andrew Shapiro
		 	Title: Managing Director
		
	By:	 	/s/ James McHale
		 	Name: James McHale
		 	Title: Managing Director
	
	 NOTICE ADDRESS
 BNP Paribas

787 Seventh Avenue
 New York, NY 10019

Attention: Keith Richards
 Email:
keith.richards@bnpparibas.com

  
 44 

			
	Acknowledged and Agreed to by:
	
	GREEN PLAINS GRAIN COMPANY LLC
		
	By:	 	/s/ Michelle Mapes
		 	Name: Michelle Mapes
		 	Title: EVP - General Counsel & Corp. Secretary
	
	 NOTICE ADDRESS
  

1811 Aksarben Drive
 Omaha, NE 68106

Attention: Michelle Mapes - EVP General Counsel & Corporate Secretary

Facsimile: (402) 952-4016
 Email:
michelle.mapes@gpreinc.com

	
	[OTHER GRANTORS]EX-10.3(c)

 Exhibit 10.3(c) 

Execution Version 

GUARANTY 
 THIS GUARANTY,
dated as of August 29, 2017 (as amended, restated, supplemented or modified from time to time, the “Guaranty”), is hereby made by each of the undersigned (together with any other Person that becomes a party hereto as a
guarantor by executing and delivering to the Administrative Agent a Joinder to Guaranty substantially in the form attached hereto as Exhibit “A” (a “Joinder”), a “Guarantor”), in favor of each of
the Secured Parties (as defined in the Credit Agreement described below). 
 W I T N E S S
E T H: 
 WHEREAS, pursuant to that certain Credit Agreement, dated as of October 28, 2011 (as amended, restated,
supplemented or otherwise modified from time to time, the “Credit Agreement”; capitalized terms used but not defined herein have the respective meanings ascribed thereto in the Credit Agreement), among Green Plains Grain Company,
LLC, a Delaware limited liability company (the “Borrower”), the Secured Parties from time to time party thereto, and BNP PARIBAS (“BNP”), as administrative agent and as collateral agent (in such capacity, the
“Administrative Agent”) for the Secured Parties, the Secured Parties have agreed to make Extensions of Credit and other financial accommodations as provided for in the Credit Agreement; 

WHEREAS, each Guarantor is party to that certain Term Loan Intercreditor and Collateral Agency Agreement, dated as of the date hereof (as
amended, restated, supplemented or otherwise modified from time to time, the “Intercreditor Agreement”), among BNP, as collateral agent for the holders of the Term Loan Obligations (as defined therein), BNP, as collateral agent for
the holders of the ABL Obligations (as defined therein) (in such capacity and together with its successors and assigns from time to time, the “Collateral Agent”), Bank of the West and ING Capital LLC, as joint administrative agent
for the holders of the ABL-Cattle Obligations (as defined therein), BNP, as collateral agent for the holders of the ABL-Grain Obligations (as defined therein), and PNC
Bank, National Association, as agent for the holders of the ABL-Trade Obligations (as defined therein), and acknowledged and agreed to by Green Plains Inc. and the other New Grantors (as defined therein); 

WHEREAS, each Guarantor will benefit from the making of Loans and the other Extensions of Credit pursuant to the Credit Agreement and is
willing to guarantee the respective Liabilities (as defined below) as hereinafter set forth; 
 NOW, THEREFORE, for good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, each of the Guarantors agrees as follows: 
 Each Guarantor
hereby, jointly and severally, absolutely, unconditionally and irrevocably, as primary obligor and not merely as surety, guarantees the full and prompt payment when due, whether by acceleration or otherwise, and at all times thereafter, of:
(a) all obligations (including without limitation all Obligations) of the Borrower other than Excluded Swap Obligations, howsoever created, arising or evidenced, whether direct or indirect, absolute or contingent, now or hereafter existing, or
due or to become due, and whether for principal, 

 
interest, fees, reimbursement obligations, indemnities or otherwise (including, without limitation, interest accruing after, and advances made after, the commencement of an insolvency proceeding
with respect to the Borrower, whether or not a claim for post-filing or post-petition interest or advances is allowed in such case or proceeding), that arise under or in connection with the Credit Agreement or any other Loan Document, as the same
may be amended, modified, extended or renewed from time to time; and (b) all out-of-pocket costs and expenses (including reasonable attorneys’ fees and
charges) paid or incurred by the Administrative Agent or any other Secured Party in enforcing this Guaranty or any other applicable Loan Document against such Guarantor (all of the foregoing obligations, collectively, the
“Liabilities” of such Guarantor); provided that the liability of each Guarantor hereunder shall be limited to the maximum amount of the applicable Liabilities that such Guarantor may guarantee without rendering this Guaranty
void or voidable with respect to such Guarantor under any fraudulent conveyance or fraudulent transfer law. The Guarantors under this Guaranty desire to allocate among themselves, in a fair and equitable manner, their obligations arising under this
Guaranty. Accordingly, in the event any payment or distribution is made on any date by any of the Guarantors under this Guaranty or under any other guaranty related to the obligations under the Credit Agreement, such Guarantor shall be entitled to a
contribution from each of the other Guarantors in the maximum amount permitted by law so as to maximize the aggregate amount of the Liabilities paid to the Secured Parties. For purposes of this Guaranty, “Excluded Swap Obligation”
shall mean, with respect to any Guarantor, any obligation to pay or perform under any agreement, contract or transaction that constitutes a Swap (each, a “Swap Obligation”), between or among any Secured Party and Borrower or any
Guarantor, any of their respective Subsidiaries, or any of their respective Affiliates, if and to the extent that all or a portion of such Guarantor’s guarantee that relates to such Swap Obligation (or any guaranty thereof) is or becomes
illegal under the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to time, and any successor statute (the “CEA”), or any rule, regulation or order of the Commodity Futures Trading Commission by virtue of the
Guarantor’s failure for any reason to qualify as an “eligible contract participant” as defined in the CEA and regulations thereunder for the related Swap on the date on which its guaranty becomes or otherwise would become effective
with respect to such Swap (which shall be the date of the execution of a Swap if the corresponding guaranty is then in effect, and otherwise it shall be the date of execution and delivery of this Guaranty); provided, however, that to the extent this
Guaranty guaranties more than one Swap governed by the same master agreement, the foregoing exclusion shall only apply to the portion of such Swap Obligation that is attributable to Swaps for which such guarantee is or becomes illegal. For purposes
of this Guaranty, “Swap” shall have the meaning as defined in Section 1a(47) of the CEA and regulations thereunder other than (i) a swap entered into on, or subject to the rules of, a board of trade designated as a
contract market under Section 5 of the CEA, or (ii) a commodity option entered into pursuant to Commodity Futures Trading Commission Regulation 32.3(a). 

Each of the Guarantors agrees that if any Event of Default occurs under Section 9.1(f) of the Credit Agreement at a time when the
Liabilities are not otherwise due and payable in full (whether due to a judicial stay of acceleration or otherwise), then such Guarantor will pay to the Administrative Agent for the account of the Secured Parties forthwith the full amount that would
be payable hereunder by such Guarantor if all Liabilities were then due and payable. 

  
 2 

 Each of the Guarantors is (i) duly formed or organized and is validly existing and in good
standing under the laws of the jurisdiction in which it was formed and (ii) has full power and authority to execute this Guaranty. This Guaranty has been duly and validly executed by or on behalf of each of the Guarantors and constitutes the
legal, valid and binding obligation of each of the Guarantors and is enforceable against each of them in accordance with its terms, subject, as to enforceability, to the effect of applicable bankruptcy, insolvency and other similar laws limiting the
enforcement of creditors’ rights generally and to general principles of equity. The execution, delivery and performance of this Guaranty by each of the Guarantors does not and will not violate, or contravene (x) its organizational
documents, (y) any existing license, contract, indenture or other agreement binding upon any of them or (z) any existing law, statute, regulation, order, decree or judgment applicable to any of them or their respective property. No
authorization, approval, or other action by, and no notice to or filing with, any governmental authority, regulatory body or any other Person is required for the execution, delivery, and performance of this Guaranty by any of the Guarantors. 

To secure all obligations of each of the Guarantors hereunder including without limitation the Liabilities, the Collateral Agent and each
other Secured Party shall have a Lien on and security interest in all balances, credits, deposits, accounts or moneys of or in the name of such Guarantor now or hereafter held with the Collateral Agent or such other Secured Party and any and all
property of every kind or description of or in the name of such Guarantor now or hereafter, for any reason or purpose whatsoever, in the possession or control of, or in transit to, the Collateral Agent or such other Secured Party or any agent or
bailee for the Collateral Agent or such other Secured Party. Subject to the terms of the Loan Documents and the Intercreditor Agreement, each Secured Party may, at its option, offset balances held by such Secured Party for the account of any of the
Guarantors (at any of its offices and regardless of whether such balances are then due to such Guarantor), against any Liabilities of such Guarantor owing to such Secured Party that are not paid when due (by acceleration or otherwise). 

This Guaranty shall in all respects be a continuing, irrevocable, absolute and unconditional guaranty of payment and performance and not
merely a guaranty of collectability, and shall remain in full force and effect with respect to each Guarantor until all Liabilities have been indefeasibly paid in full in cash , notwithstanding the occurrence of any of the following at any time or
from time to time, without notice to any Guarantor: 
  

	 	(a)	the dissolution, termination, merger, consolidation, bankruptcy, or other disposition of the Borrower or any of the Guarantors; 

  

	 	(b)	that at any time or from time to time no Liabilities are outstanding; 

  

	 	(c)	the time for any performance of or compliance with any of the Obligations, including without limitation, the Liabilities, shall be extended, or such performance or compliance shall be waived; 

 

	 	(d)	any of the acts mentioned in any of the provisions of the Credit Agreement or any other Loan Document shall be done or omitted; 

  

	 	(e)	the maturity of any of the Obligations, including without limitation, the Liabilities, shall be accelerated, or any of the Obligations or Liabilities shall be modified, supplemented or amended in any respect;

  
 3 

	 	(f)	any right under the Credit Agreement or any other Loan Document shall be waived or any other term or provision thereof shall be amended, restated, supplemented, modified, or waived or any consent to non-performance is granted; 

  

	 	(g)	the release of any other Guarantor from this Guaranty or any security for the Liabilities shall be released or exchanged in whole or in part or otherwise disposed of or any other guarantee of any of the Obligations or
the Liabilities or any security therefor shall be released or exchanged in whole or in part or otherwise disposed of; 

  

	 	(h)	any Lien or security interest granted to, or in favor or for the benefit of, any Secured Party as security for any of the Obligations, including without limitation, the Liabilities, shall fail to be perfected; or

  

	 	(i)	any other circumstance whatsoever. 

 Each of the Guarantors further agrees that if at any time
all or any part of any payment theretofore applied by the Administrative Agent or any other Secured Party to any of the Liabilities is or must be rescinded or returned by the Administrative Agent or such other Secured Party for any reason whatsoever
(including the insolvency, bankruptcy or reorganization of the Borrower or any of the Guarantors), such Liabilities shall, for purposes of this Guaranty, to the extent that such payment is or must be rescinded or returned, be deemed to have
continued in existence, notwithstanding such application by the Administrative Agent or such other Secured Party, and this Guaranty shall continue to be effective or be reinstated, as the case may be, as to such Liabilities, all as though such
application by the Administrative Agent or such other Secured Party had not been made. 
 The Administrative Agent or any other Secured
Party may, from time to time, at its sole discretion and without notice to any of the Guarantors in their capacity as guarantors hereunder, take any or all of the following actions without affecting the obligations of any of the Guarantors
hereunder: (a) retain or obtain a security interest in any property to secure any of the Liabilities or any obligation hereunder, (b) retain or obtain the primary or secondary obligation of any other obligor or obligors (in addition to
each of the Guarantors) with respect to any of the Liabilities, (c) extend, modify, restate, amend or renew any of the Liabilities for one or more periods (whether or not longer than the original period), alter or exchange any of the
Liabilities, or release or compromise any obligation of any of the Guarantors hereunder or any other guarantor or any obligation of any nature of any other obligor with respect to any of the Liabilities, (d) release any security interest in, or
surrender, release or permit any substitution or exchange for, any property securing any Liabilities or any obligation hereunder, or extend or renew for one or more periods (whether or not longer than the original period) or release, compromise,
alter or exchange any obligations of any nature of any obligor with respect to any such property, and (e) resort to any Guarantors for payment of any of the Liabilities when due, whether or not the Administrative Agent or such other Secured
Party shall have resorted to any property securing any of the Liabilities or any obligation hereunder or shall have proceeded against any of the Guarantors or any other obligor primarily or secondarily obligated with respect to any of the
Liabilities. 
 Any amount received by the Administrative Agent or any Secured Party from whatever source on account of the Liabilities may
be applied by it toward the payment of the Liabilities in accordance with the Loan Documents and, notwithstanding any payment made by or for the 

  
 4 

 
account of any of the Guarantors pursuant to this Guaranty, each of the Guarantors shall not exercise any right of subrogation to any right of any Secured Party until such time as this Guaranty
shall have been terminated as to all of the Guarantors and the Secured Parties shall have received final payment in cash of the full amount of all Liabilities. 

Subject to the forgoing paragraph, in case any payment is made on account of the Liabilities by any of the Guarantors or is received or
collected on account of the Liabilities from any of the Guarantors or its property: (a) if such payment is made by a Guarantor or from its property in respect of the Liabilities of another Guarantor, such Guarantor shall be entitled, subject to
and upon (but not before) such time as this Guaranty shall have been terminated as to all of the Guarantors and the Secured Parties shall have received final payment in cash of the full amount of all Liabilities and the obligations of the Secured
Parties to make Extensions of Credit or provide other financial accommodations under the Credit Agreement and the other Loan Documents have terminated, (i) to demand and enforce reimbursement for the full amount of such payment from such other
Guarantor, and (ii) to demand and enforce contribution in respect of such payment from each other Guarantor which has not paid its fair share of such payment, as necessary to ensure that (after giving effect to any enforcement of reimbursement
rights provided hereby) each Guarantor pays its fair share of the unreimbursed portion of such payment; and (b) if and whenever any right of reimbursement or contribution becomes enforceable by any of the Guarantors against any other Guarantor
whether under this paragraph or otherwise, such Guarantor shall be entitled, subject to and upon (but not before) such time as this Guaranty shall have been terminated as to all of the Guarantors and the Secured Parties shall have received final
payment in cash of the full amount of all Liabilities and the obligations of the Secured Parties to make Extensions of Credit or provide other financial accommodations under the Credit Agreement and the other Loan Documents have terminated, to be
subrogated (equally and ratably with each of the other Guarantor entitled to reimbursement or contribution from any other Guarantor as set forth in this paragraph) to any security interest that may then be held by the Collateral Agent, the Pari
Passu Collateral Agent, or the Term Loan Collateral Agent upon any Pari Passu Collateral securing or purporting to secure any of the Liabilities. For purposes of (a)(ii) above, the fair share of each Guarantor as to any unreimbursed payment shall be
determined based on an equitable apportionment of such unreimbursed payment among all of the Guarantors (other than the Guarantor whose primary obligations were so guaranteed by each of the other Guarantor) based on the relative value of their
assets and any other equitable considerations deemed appropriate by the court. Any right of subrogation of any of the Guarantors shall be enforceable solely after such time as this Guaranty shall have been terminated as to all of the Guarantors and
the Secured Parties shall have received final payment in cash of the full amount of all Liabilities and the obligations of the Secured Parties to make Extensions of Credit or provide other financial accommodations under the Credit Agreement and the
other Loan Documents have terminated and solely against each of the Guarantors, and not against the Secured Parties, and neither the Collateral Agent nor any other Secured Party shall have any duty whatsoever to warrant, ensure or protect any such
right of subrogation or to obtain, perfect, maintain, hold, enforce or retain any Pari Passu Collateral or other Collateral securing or purporting to secure any of the Liabilities for any purpose related to any such right of subrogation. All rights
and claims arising under this paragraph or based upon or relating to any other right of reimbursement, indemnification, contribution or subrogation that may at any time arise or exist in favor of any of the Guarantors as to any payment on account of
either (x) the 

  
 5 

 
Liabilities or (y) any other obligation that is secured by any Pari Passu Collateral or other Collateral that also secures or purports to secure any of the Liabilities, in each case made by
it or received or collected from its property shall be fully subordinated to the Liabilities in all respects prior to such time as this Guaranty shall have been terminated as to all of the Guarantors and the Secured Parties shall have received final
payment in cash of the full amount of all Liabilities. Until such time as this Guaranty shall have been terminated as to all of the Guarantors and the Secured Parties shall have received final payment in cash of the full amount of all Liabilities
and the obligations of the Secured Parties to make Extensions of Credit or provide other financial accommodations under the Credit Agreement and the other Loan Documents have terminated, none of the Guarantors may demand or receive any collateral
security, payment or distribution whatsoever (whether in cash, property or securities or otherwise) on account of any such right or claim. If any such payment or distribution is made or becomes available to any of the Guarantors in any bankruptcy
case, receivership, or insolvency or liquidation proceeding, such payment or distribution shall be delivered by the person making such payment or distribution directly to the Collateral Agent, for application to the payment of the Liabilities. If
any such payment or distribution is received by any of the Guarantors, it shall be held by such Guarantors in trust, as trustee of an express trust for the benefit of the Secured Parties, and shall forthwith be transferred and delivered by such
Guarantors to the Collateral Agent, in the exact form received and, if necessary, duly endorsed. 
 Each Guarantor hereby expressly waives:
(a) notice of the acceptance by any Secured Party of this Guaranty, (b) notice of the existence or creation or non-payment of all or any of the Liabilities, (c) presentment, demand, notice of
dishonor, protest, and all other notices whatsoever, (d) all diligence in collection or protection of or realization upon any Liabilities or any security for or guaranty of any Liabilities, and (e) any requirement that any Secured Party
exhaust any right, power or remedy or proceed against Borrower under the Credit Agreement, or any other Loan Document, or against any other Person under this Guaranty any other guarantee of, or security for, any of the Liabilities. 

The creation or existence from time to time of additional Liabilities to any Secured Party is hereby authorized, without notice to any of the
Guarantors, and shall in no way affect or impair the rights of any Secured Party or the obligations of any of the Guarantors under this Guaranty. 

Subject to the provisions of the Credit Agreement, any Secured Party may from time to time, without notice to any of the Guarantors, assign or
transfer any of the Liabilities or any interest therein; and, notwithstanding any such assignment or transfer or any subsequent permitted assignment or permitted transfer thereof, such Liabilities shall be and remain Liabilities for purposes of this
Guaranty, and each and every immediate and successive permitted assignee or permitted transferee of any of the Liabilities or of any interest therein shall, to the extent of the interest of such assignee or transferee in the Liabilities, be entitled
to the benefits of this Guaranty to the same extent as if such assignee or transferee were an original Secured Party. 
 No delay on the
part of any Secured Party in the exercise of any right or remedy shall operate as a waiver thereof, and no single or partial exercise by any Secured Party of any right or remedy shall preclude other or further exercise thereof or the exercise of any
other right or 

  
 6 

 
remedy, nor shall any modification or waiver of any provision of this Guaranty be binding upon any Secured Party except as expressly set forth in a writing duly signed and delivered on behalf of
the Administrative Agent. No action of any Secured Party permitted hereunder shall in any way affect or impair the rights of any Secured Party or the obligations of any of the Guarantors under this Guaranty. For purposes of this Guaranty,
Liabilities shall include all obligations of the Borrower to any Secured Party arising under or in connection with any Loan Document, notwithstanding any right or power of the Borrower or anyone else to assert any claim or defense as to the
invalidity or unenforceability of any obligation, and no such claim or defense shall affect or impair the obligations of any of the Guarantors hereunder. 

Pursuant to the Credit Agreement, (a) this Guaranty has been delivered to the Administrative Agent and (b) the Administrative Agent
has been authorized to enforce this Guaranty on behalf of the Secured Parties. All payments by any of the Guarantors pursuant to this Guaranty shall be made to the Administrative Agent (and any amount received by the Administrative Agent for the
account of a Secured Party shall, subject to the other provisions of this Guaranty, be deemed received by such Secured Party upon receipt by the Administrative Agent) at such office or account of the Administrative Agent as the Administrative Agent
may designate from time to time, in lawful money of the United States of America and in immediately available funds without setoff, recoupment, deduction, defense or counterclaim and free and clear of, and, except as required by applicable law,
without deduction or withholding for or on account of, any taxes, but excluding taxes imposed on or measured by the Administrative Agent’s net income by the jurisdiction of the Administrative Agent’s organization, the United States of
America, the State or City of New York or any taxing authority thereof. If, under applicable law, any such taxes are required to be deducted or withheld from any such payment, each of the Guarantors will pay additional interest or will make
additional payments in such amounts as may be necessary so that the net amount received by the Administrative Agent, after withholding or deduction therefor and for any taxes and other taxes on such additional interest or amounts, will be equal to
the amount provided for herein. Each of the Guarantors agrees to furnish promptly to the Administrative Agent official receipts evidencing payment of any taxes so withheld or deducted. Each of the Guarantors hereby agrees to indemnify the
Administrative Agent for, and to hold the Administrative Agent harmless against, the full amount of taxes imposed on or paid by the Administrative Agent, and any liability (including penalties, additions to tax, interest and expenses) arising
therefrom or with respect thereto. The indemnity by each of the Guarantors provided for in this paragraph shall apply and be made whether or not the taxes for which indemnification hereunder is sought have been correctly or legally asserted. Amounts
payable by each of the Guarantors under the indemnity set forth in this paragraph shall be paid within ten (10) days from the date on which the Administrative Agent makes written demand therefor. Determinations by the Administrative Agent
pursuant to this paragraph shall be conclusive absent manifest error, and the provisions of this paragraph shall survive termination of this Guaranty. 

Each of the Guarantors acknowledges and agrees that it has the sole responsibility for, and has adequate means of, obtaining from the Borrower
such information concerning the financial condition, business and operations of the Borrower as such Guarantor requires, and that the Secured Parties have no duty, and such Guarantor is not relying on the Secured Parties at any time, to disclose to
such Guarantor any information relating to the business, operations or financial condition of the Borrower. 

  
 7 

 Any other Person may become a Guarantor hereunder and become bound by the terms and conditions of
this Guaranty, in each case effective as of the date set forth in the applicable Joinder, by executing and delivering to the Administrative Agent a Joinder. 

This Guaranty shall be binding upon each of the Guarantors and their respective successors and assigns, and to the extent that any of the
Guarantors is a partnership, corporation, limited liability company or other entity, all references herein to any of the Guarantors shall be deemed to include any successor or successors, whether immediate or remote, to such Guarantor. The term
“undersigned” or “Guarantor” as used herein shall mean all parties executing this Guaranty and each of them, and all such parties shall, to the extent set forth herein, be jointly and severally obligated hereunder. 

THIS GUARANTY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (WITHOUT REGARD TO CONFLICTS
OF LAW PROVISIONS THEREOF). Whenever possible each provision of this Guaranty shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Guaranty shall be prohibited by or invalid under
applicable law, such provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Guaranty. 

Consistent with the foregoing, and notwithstanding any other provision of this Guaranty to the contrary, in the event that any action or
proceeding is brought in whatever form and in whatever forum seeking to invalidate any Guarantor’s obligations under this Guaranty under any fraudulent conveyance theory, fraudulent transfer theory, or similar avoidance theory, whether under
state or federal law, such Guarantor (the “Affected Guarantor”), automatically and without any further action being required of such Affected Guarantor or any Secured Party, shall be liable under this Guaranty only for an amount
equal to the maximum amount of liability that could have been incurred under applicable law by such Affected Guarantor under any guaranty of the Liabilities (or any portion thereof) at the time of the execution and delivery of this Guaranty (or, if
such date is determined not to be the appropriate date for determining the enforceability of such Affected Guarantor’s obligations hereunder for fraudulent conveyance or transfer (or similar avoidance) purposes, on the date determined to be so
appropriate) without rendering such a hypothetical guaranty voidable under applicable law relating to fraudulent conveyance, fraudulent transfer, or any other grounds for avoidance (such highest amount determined hereunder being any such Affected
Guarantor’s “Maximum Guaranty Amount”), and not for any greater amount, as if the stated amount of this Guaranty as to such Affected Guarantor had instead been the Maximum Guaranty Amount. This paragraph is intended solely to
preserve the rights of the Secured Parties under this Guaranty to the maximum extent not subject to avoidance under applicable law, and neither any Affected Guarantor nor any other person or entity shall have any right or claim under this paragraph
with respect to the limitation described in this Guaranty, except to the extent necessary so that the obligations of any Affected Guarantor under this Guaranty shall not be rendered voidable under applicable law. Without

  
 8 

 
limiting the generality of the foregoing, the determination of a Maximum Guaranty Amount for any Affected Guarantor pursuant to the provisions of the second preceding sentence of this paragraph
shall not in any manner reduce or otherwise affect the obligations of any other Guarantor (including any other Affected Guarantor) under the provisions of this Guaranty. 

This Guaranty may be executed in any number of counterparts (including via facsimile or in a .pdf or similar file) and by the different
parties hereto on separate counterparts and each such counterpart shall be deemed to be an original, but all such counterparts shall together constitute one and the same Guaranty. 

Other than automatic modifications related to the addition of a party hereto pursuant to a Joinder, no amendment, modification or waiver of,
or consent with respect to, any provision of this Guaranty shall be effective unless the same shall be in writing and signed and delivered by the Administrative Agent, and then such amendment, modification, waiver or consent shall be effective only
in the specific instance and for the specific purpose for which it was given. 
 Unless otherwise agreed by the Secured Parties and each of
the Guarantors in writing, this Guaranty is not intended to supersede or otherwise affect any other guaranty now or hereafter given by such Guarantor for the benefit of the Secured Parties or any term or provision thereof. 

The obligations of each of the Guarantors under this Guaranty are secured pursuant to the Security Documents (as amended, restated,
supplemented or otherwise modified from time to time) and may be secured by one or more other agreements (including one or more pledge agreements, mortgages, deeds of trust or other similar documents). 

ANY LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH THIS GUARANTY, SHALL BE BROUGHT AND MAINTAINED EXCLUSIVELY IN
THE COURTS OF THE STATE OF NEW YORK OR IN THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK; PROVIDED THAT ANY SUIT SEEKING ENFORCEMENT AGAINST ANY COLLATERAL OR OTHER PROPERTY MAY BE BROUGHT, AT THE ADMINISTRATIVE
AGENT’S OPTION, IN THE COURTS OF ANY JURISDICTION WHERE SUCH COLLATERAL OR OTHER PROPERTY MAY BE FOUND. EACH OF THE GUARANTORS AND THE ADMINISTRATIVE AGENT HEREBY EXPRESSLY AND IRREVOCABLY (A) SUBMITS TO THE JURISDICTION OF THE COURTS OF
THE STATE OF NEW YORK AND OF THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK FOR THE PURPOSE OF ANY SUCH LITIGATION AS SET FORTH ABOVE; (B) CONSENTS TO THE SERVICE OF PROCESS BY REGISTERED MAIL, POSTAGE PREPAID TO THE
ADDRESS SET FORTH BENEATH ITS NAME ON THE SIGNATURE PAGES HERETO (OR SUCH OTHER ADDRESS AS IT SHALL HAVE SPECIFIED IN WRITING TO THE OTHER PARTIES AS ITS ADDRESS FOR NOTICE HEREUNDER) OR BY PERSONAL SERVICE WITHIN OR WITHOUT THE STATE OF NEW YORK;
AND (C) WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY SUCH 

  
 9 

 
LITIGATION BROUGHT IN ANY SUCH COURT REFERRED TO ABOVE AND ANY CLAIM THAT ANY SUCH LITIGATION HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. 

EACH OF THE GUARANTORS, AND (BY ACCEPTING THE BENEFITS HEREOF) EACH SECURED PARTY, HEREBY WAIVES ANY RIGHT TO A TRIAL BY JURY IN ANY ACTION
OR PROCEEDING TO ENFORCE OR DEFEND ANY RIGHTS UNDER THIS GUARANTY OR ANY OTHER LOAN DOCUMENT AND ANY AMENDMENT, INSTRUMENT, DOCUMENT OR AGREEMENT DELIVERED OR WHICH MAY IN THE FUTURE BE DELIVERED IN CONNECTION HEREWITH OR THEREWITH OR ARISING FROM
ANY BANKING RELATIONSHIP EXISTING IN CONNECTION WITH ANY OF THE FOREGOING, AND AGREES THAT ANY SUCH ACTION OR PROCEEDING SHALL BE TRIED BEFORE A COURT AND NOT BEFORE A JURY. EACH OF THE GUARANTORS ACKNOWLEDGES AND AGREES THAT IT HAS RECEIVED FULL
AND SUFFICIENT CONSIDERATION FOR THE FOREGOING WAIVER AND THAT SUCH WAIVER IS A MATERIAL INDUCEMENT FOR THE SECURED PARTIES ENTERING INTO THIS GUARANTY AND THE OTHER LOAN DOCUMENTS. 

[Remainder of page intentionally left blank.] 

  
 10 

 IN WITNESS WHEREOF, this Guaranty has been duly executed and delivered as of the day and year
first above written. 
 Notice Address for each Guarantor: 

1811 Aksarben Drive 
 Omaha, NE 68106 

	Attention:	Michelle Mapes – EVP General Counsel 
& Corporate Secretary 

	Facsimile:	(402) 952-4916 

	Email:	michelle.mapes@gpreinc.com 

  

			
	GREEN PLAINS INC.

 
			
		
	By:	 	/s/ Michelle Mapes
	Name:	 	Michelle Mapes
	Title:	 	EVP - General Counsel & Corp. Secretary

  

			
	GREEN PLAINS I LLC

 
			
		
	By:	 	/s/ Michelle Mapes
	Name:	 	Michelle Mapes
	Title:	 	 EVP - General Counsel & Corp. Secretary

  

			
	GREEN PLAINS II LLC

 
			
		
	By:	 	/s/ Michelle Mapes
	Name:	 	Michelle Mapes
	Title:	 	EVP - General Counsel & Corp. Secretary

  

			
	FLEISCHMANN’S VINEGAR COMPANY, INC.

 
			
		
	By:	 	/s/ Michelle Mapes
	Name:	 	Michelle Mapes
	Title:	 	 EVP - General Counsel & Corp. Secretary

  
 Signature page to
Guaranty 

 
			
	GREEN PLAINS AGRICULTURAL AND ENERGY FUND LLC

 
			
		
	By:	 	/s/ Michelle Mapes
	Name:	 	Michelle Mapes
	Title:	 	EVP - General Counsel & Corp. Secretary

  

			
	GREEN PLAINS ASSET MANAGEMENT LLC

 
			
		
	By:	 	/s/ Michelle Mapes
	Name:	 	Michelle Mapes
	Title:	 	EVP - General Counsel & Corp. Secretary

  

			
	GREEN PLAINS COMMODITY MANAGEMENT LLC

 
			
		
	By:	 	/s/ Michelle Mapes
	Name:	 	Michelle Mapes
	Title:	 	EVP - General Counsel & Corp. Secretary

  

			
	GREEN PLAINS GRAIN COMPANY TN LLC

 
			
		
	By:	 	/s/ Michelle Mapes
	Name:	 	Michelle Mapes
	Title:	 	EVP - General Counsel & Corp. Secretary

  

			
	GREEN PLAINS INDUSTRIAL CLEANING SERVICES LLC

 
			
		
	By:	 	/s/ Michelle Mapes
	Name:	 	Michelle Mapes
	Title:	 	EVP - General Counsel & Corp. Secretary

  

			
	GREEN PLAINS TRUCKING LLC

 
			
		
	By:	 	/s/ Michelle Mapes
	Name:	 	Michelle Mapes
	Title:	 	 EVP - General Counsel & Corp. Secretary

  
 Signature page to
Guaranty 

 
			
	GREEN PLAINS HEREFORD LLC

 
			
		
	By:	 	/s/ Michelle Mapes
	Name:	 	Michelle Mapes
	Title:	 	EVP - General Counsel & Corp. Secretary

  

			
	GREEN PLAINS HOPEWELL LLC

 
			
		
	By:	 	/s/ Michelle Mapes
	Name:	 	Michelle Mapes
	Title:	 	EVP - General Counsel & Corp. Secretary

  

			
	GREEN PLAINS MADISON LLC

 
			
		
	By:	 	/s/ Michelle Mapes
	Name:	 	Michelle Mapes
	Title:	 	EVP - General Counsel & Corp. Secretary

  

			
	GREEN PLAINS MOUNT VERNON LLC

 
			
		
	By:	 	/s/ Michelle Mapes
	Name:	 	Michelle Mapes
	Title:	 	EVP - General Counsel & Corp. Secretary

  

			
	GREEN PLAINS YORK LLC

 
			
		
	By:	 	/s/ Michelle Mapes
	Name:	 	Michelle Mapes
	Title:	 	EVP - General Counsel & Corp. Secretary

  

			
	GREEN PLAINS PROCESSING LLC

 
			
		
	By:	 	/s/ Michelle Mapes
	Name:	 	Michelle Mapes
	Title:	 	 EVP - General Counsel & Corp. Secretary

  
 Signature page to
Guaranty 

 
			
	GREEN PLAINS ATKINSON LLC

 
			
		
	By:	 	/s/ Michelle Mapes
	Name:	 	Michelle Mapes
	Title:	 	EVP - General Counsel & Corp. Secretary

  

			
	GREEN PLAINS BLUFFTON LLC

 
			
		
	By:	 	/s/ Michelle Mapes
	Name:	 	Michelle Mapes
	Title:	 	EVP - General Counsel & Corp. Secretary

  

			
	GREEN PLAINS CENTRAL CITY LLC

 
			
		
	By:	 	/s/ Michelle Mapes
	Name:	 	Michelle Mapes
	Title:	 	EVP - General Counsel & Corp. Secretary

  

			
	GREEN PLAINS COMMODITIES LLC

 
			
		
	By:	 	/s/ Michelle Mapes
	Name:	 	Michelle Mapes
	Title:	 	EVP - General Counsel & Corp. Secretary

  

			
	GREEN PLAINS CORN OIL LLC

 
			
		
	By:	 	/s/ Michelle Mapes
	Name:	 	Michelle Mapes
	Title:	 	EVP - General Counsel & Corp. Secretary

  

			
	GREEN PLAINS FAIRMONT LLC

 
			
		
	By:	 	/s/ Michelle Mapes
	Name:	 	Michelle Mapes
	Title:	 	 EVP - General Counsel & Corp. Secretary

  
 Signature page to
Guaranty 

 
			
	GREEN PLAINS HOLDINGS II LLC

 
			
		
	By:	 	/s/ Michelle Mapes
	Name:	 	Michelle Mapes
	Title:	 	EVP - General Counsel & Corp. Secretary

  

			
	GREEN PLAINS OBION LLC

 
			
		
	By:	 	/s/ Michelle Mapes
	Name:	 	Michelle Mapes
	Title:	 	 EVP - General Counsel & Corp. Secretary

  

			
	GREEN PLAINS ORD LLC

 
			
		
	By:	 	/s/ Michelle Mapes
	Name:	 	Michelle Mapes
	Title:	 	EVP - General Counsel & Corp. Secretary

  

			
	GREEN PLAINS OTTER TAIL LLC

 
			
		
	By:	 	/s/ Michelle Mapes
	Name:	 	Michelle Mapes
	Title:	 	EVP - General Counsel & Corp. Secretary

  

			
	GREEN PLAINS SHENANDOAH LLC

 
			
		
	By:	 	/s/ Michelle Mapes
	Name:	 	Michelle Mapes
	Title:	 	EVP - General Counsel & Corp. Secretary

  

			
	GREEN PLAINS SUPERIOR LLC

 
			
		
	By:	 	/s/ Michelle Mapes
	Name:	 	Michelle Mapes
	Title:	 	 EVP - General Counsel & Corp. Secretary

  
 Signature page to
Guaranty 

 
			
	GREEN PLAINS WOOD RIVER LLC

 
			
		
	By:	 	/s/ Michelle Mapes
	Name:	 	Michelle Mapes
	Title:	 	 EVP - General Counsel & Corp. Secretary

  
 Signature page to
Guaranty 

 ACKNOWLEDGED AND AGREED: 

 

			
	 BNP PARIBAS,
 as
Administrative Agent

 
			
		
	By:	 	/s/ Andrew Shapiro
	Name:	 	Andrew Shapiro
	Title:	 	Managing Director
		
	By:	 	/s/ James McHale
	Name:	 	James McHale
	Title:	 	Managing Director

  
 Signature page to
Guaranty

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00274-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00274-of-00352.parquet"}]]