Document:

EX-10.2

 Exhibit 10.2 

EXECUTION VERSION 

THIRD AMENDED AND RESTATED SECURITY AGREEMENT 

THIS THIRD AMENDED AND RESTATED SECURITY AGREEMENT (the “Agreement”), dated as of September 18, 2020, by and among DARLING
INGREDIENTS INC., a Delaware corporation (the “Parent Borrower”), the undersigned Subsidiaries and any other Subsidiary who may become a party hereto pursuant to the execution and delivery of a Subsidiary Joinder Agreement (together
with the Parent Borrower, each a “Debtor” and collectively the “Debtors”) and JPMORGAN CHASE BANK, N.A., as administrative agent for the Secured Parties (the “Agent”). 

R E C I T A L S: 

The Parent Borrower entered into that certain Second Amended and Restated Credit Agreement dated January 6, 2014, among the Parent
Borrower, the other Borrowers party thereto, the lenders from time to time party thereto, JPMORGAN CHASE BANK, N.A., as the administrative agent and the other agents party thereto (such Credit Agreement, as amended, restated, amended and restated,
supplemented or otherwise modified prior to the date hereof, the “Existing Credit Agreement”) and in connection therewith entered into that certain Second Amended and Restated Security Agreement dated January 6, 2014, among the
Parent Borrower, the Subsidiaries of the Parent Borrower party thereto from time to time (collectively, immediately prior to the effectiveness of the Sixth Amendment (as defined below) and the third amendment and restatement in the form of this
Agreement on the date hereof, the “Existing Debtors”) and JPMORGAN CHASE BANK, N.A., as the administrative agent (as amended, restated, amended and restated, supplemented or otherwise modified prior to the date hereof, the
“Existing Security Agreement”). 
 The Parent Borrower and the other applicable parties thereto have agreed to amend the
Existing Credit Agreement, and in connection therewith enter into that certain Sixth Amendment to the Second Amended and Restated Credit Agreement dated the date hereof (the “Sixth Amendment”), among the Parent Borrower, the other
Borrowers party thereto, the lenders from time to time party thereto (the “Lenders”), JPMORGAN CHASE BANK, N.A., as the Agent, GOLDMAN SACHS BANK USA and BANK OF MONTREAL, acting under its trade name BMO CAPITAL MARKETS, as
Syndication Agents, and the other agents party thereto (as amended by that certain Amendment to the Second Amended and Restated Credit Agreement dated as of May 13, 2015, that certain Second Amendment to the Second Amended and Restated Credit
Agreement dated as of September 23, 2015, that certain Third Amendment to the Second Amended and Restated Credit Agreement dated as of October 14, 2015, that certain Fourth Amendment to the Second Amended and Restated Credit Agreement
dated as of December 16, 2016, that certain Fifth Amendment to the Second Amended and Restated Credit Agreement dated as of December 18, 2017, and the Sixth Amendment, and as may be further amended, restated, amended and restated,
supplemented or otherwise modified from time to time, the “Credit Agreement”; capitalized terms used herein but not otherwise defined herein shall have the same meaning assigned to such terms in the Credit Agreement). 

In connection with the Sixth Amendment, the Parent Borrower and the Agent have agreed to amend and restate the Existing Security Agreement as
set forth herein (it being 

 
understood that any Existing Debtor that is not party to this Agreement as of the Sixth Amendment Date shall be released hereunder upon the effectiveness of this Agreement in accordance with
Section 7.13(b) hereof). The execution and delivery of this Agreement is a condition to the Agent’s and the Lenders’ entering into the Sixth Amendment and making the extensions of credit thereunder. 

NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration, the adequacy, receipt and sufficiency of which
are hereby acknowledged, and in order to induce the Agent and Lenders to extend credit under the Credit Agreement, the parties hereto hereby agree to amend and restate the Security Agreement in its entirety as follows: 

ARTICLE 1. 
 Definitions

 Section 1.1 Definitions. As used in this Agreement, the following terms have the following meanings: 

“Additional Secured Parties” has the meaning specified in Section 5.3. 

“Collateral” has the meaning specified in Section 2.1. 

“Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to
time, and any successor statute. 
 “Copyrights” means all of the following: (a) all works of
authorship, copyrights, works protectable by copyright, copyright registrations and copyright applications, including those identified for each Debtor on Schedule 3.4; (b) all renewals, extensions and modifications
thereof; (c) all income, royalties, damages, profits and payments relating to or payable under any of the foregoing; (d) the right to sue for past, present or future infringements of any of the foregoing; and (e) all other rights and
benefits relating to any of the foregoing throughout the world. 
 “Copyright Security Agreement” means,
with respect to a Debtor, a security agreement substantially in the form of Annex A attached hereto pursuant to which such Debtor grants to the Agent, for the benefit of the Secured Parties, a security interest in the
Copyrights for purposes of recording such security interest with any copyright office of a governmental unit. 

“Credit Agreement Obligations” has the meaning set forth in the definition of “Obligations”. 

“Excluded Swap Obligation” means, with respect to any Debtor, (a) any Swap Obligation if, and to the
extent that, and only for so long as, all or a portion of the guarantee by such Debtor of, or the grant by such Debtor of a security interest to secure, as applicable, such Swap Obligation (or any guarantee thereof) is or becomes illegal under the
Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official 

  
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interpretation of any thereof) by virtue of such Debtor’s failure to constitute an “eligible contract participant,” as defined in the Commodity Exchange Act and the regulations
thereunder, at the time the guarantee of (or grant of such security interest by, as applicable) such Debtor becomes or would become effective with respect to such Swap Obligation or (b) any other Swap Obligation designated as an “Excluded
Swap Obligation” of such Debtor as specified in any agreement between the relevant Loan Parties and counterparty applicable to such Swap Obligations, and agreed by the Agent. If a Swap Obligation arises under a master agreement governing more
than one Swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to Swaps for which such guarantee or security interest is or becomes illegal. 

“Infringement” or “Infringe” means infringement, misappropriation, dilution or other
impairment or violation. 
 “Intellectual Property” means all intellectual property whether arising under
United States, multinational or foreign laws or otherwise, including without limitation, the Copyrights, Patents and Trademarks. 

“Intellectual Property License” means any agreement, whether written or oral, pursuant to which (a) any
Debtor grants any right under any Copyright, Patent or Trademark or (b) any Debtor is granted any right under any Copyright, Patent or Trademark, including those listed on Schedule 3.4. 

“Intellectual Property Security Agreements” means, collectively, any Copyright Security Agreement, any Patent
Security Agreement and any Trademark Security Agreement. 
 “Obligations” means, with respect to each
Debtor, all “Obligations” (as such term is defined in the Credit Agreement (the “Credit Agreement Obligations”)) ; provided that the obligations secured by this Agreement shall be limited, with respect to
each Debtor, to an aggregate amount equal to the largest amount that would not render such Debtor’s obligations hereunder and under the other Loan Documents subject to avoidance under Section 544 or 548 of the United States Bankruptcy Code
or under any applicable state law relating to fraudulent transfers or conveyances; provided further that the obligations secured by this Agreement shall not include, with respect to any Debtor, any Excluded Swap Obligations of such
Debtor. 
 “Patent Security Agreement” means, with respect to a Debtor, a security agreement substantially
in the form of Annex A attached hereto pursuant to which such Debtor grants to the Agent, for the benefit of the Secured Parties, a security interest in the Patents for purposes of recording such security interest with any
patent office of a governmental unit. 
 “Patents” means all of the following: (a) all patents, patent
applications and patentable inventions, including those identified for each Debtor on Schedule 3.4, 

  
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and all of the inventions and improvements described and claimed therein; (b) all continuations, divisions, renewals, extensions, modifications, substitutions,
continuations-in-part or reissues of any of the foregoing; (c) all income, royalties, profits, damages, awards and payments relating to or payable under any of the
foregoing; (d) the right to sue for past, present and future infringements of any of the foregoing; and (e) all other rights and benefits relating to any of the foregoing throughout the world. 

“Pledged Shares” means, with respect to a Debtor, the Equity Interests identified for such Debtor on
Schedule 2.1(c) or (d) attached hereto (as may be amended pursuant to a Subsidiary Joinder Agreement) or on Schedule 1 to an amendment to this Agreement in the form of
Exhibit A. 
 “Registered Intellectual Property” means all registrations and
applications for registration of Trademarks, Patents and Copyrights with the United States Patent and Trademark Office or the United States Copyright Office, as applicable. 

“Subsidiary Joinder Agreement” means a Subsidiary Joinder Agreement in substantially the form of Exhibit
B. 
 “Trademarks” means all of the following: (a) all trademarks, trade names, corporate names,
company names, business names, fictitious business names, trade styles, service marks, logos, other business identifiers, prints and labels on which any of the foregoing appear, all registrations and recordings thereof and all applications in
connection therewith, including registrations, recordings and applications in the United States Patent and Trademark Office or in any similar office or agency of the United States, any state thereof or any other country or any political subdivision
thereof, including those identified for each Debtor on Schedule 3.4; (b) all reissues, extensions and renewals thereof; (c) all income, royalties, damages and payments now or hereafter relating to or payable under
any of the foregoing, including damages or payments for past or future infringements of any of the foregoing; (d) the right to sue for past, present and future infringements of any of the foregoing; (e) all rights corresponding to any of
the foregoing throughout the world; and (f) all goodwill associated with and symbolized by any of the foregoing. 

“Trademark Security Agreement” means, with respect to a Debtor, a security agreement substantially in the form
of Annex A attached hereto pursuant to which such Debtor grants to the Agent, for the benefit of the Secured Parties, a security interest in the Trademarks and the Trademark Licenses for purposes of recording such security
interest with the trademark office of any governmental unit. 
 “UCC” means the Uniform Commercial Code as
in effect from time to time in the State of New York. 
 Section 1.2 Other Definitional Provisions. Terms used herein that are
defined in the Credit Agreement and are not otherwise defined herein shall have the meanings therefor specified 

  
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in the Credit Agreement. The words “include”, “includes” and “including” shall be deemed to be followed by the phrase “without limitation”. Any definition
of or reference to any agreement or other documentation herein shall be construed as referring to such agreement or documentation as from time to time the same may be amended, restated, amended and restated, supplemented, extended, renewed, replaced
or otherwise modified from time to time. References to “Articles,” “Sections,” “subsections,” “Exhibits” and “Schedules” shall be to Articles, Sections, subsections, Exhibits and Schedules,
respectively, of this Agreement unless otherwise specifically provided. All definitions contained in this Agreement are equally applicable to the singular and plural forms of the terms defined. All references to statutes and regulations shall
include any amendments of the same and any successor statutes and regulations. Terms used herein, which are defined in the UCC, unless otherwise defined herein or in the Credit Agreement, shall have the meanings determined in accordance with the
UCC. 
 ARTICLE 2. 

Security Interest 

Section 2.1 Security Interest. As security for the prompt payment and performance in full when due of its Obligations (whether at
stated maturity, by acceleration or otherwise), each Debtor hereby pledges to the Agent, and grants to the Agent a continuing security interest in, all of the Debtor’s right, title and interest in and to the following personal property, whether
now owned or hereafter arising or acquired and wherever located (collectively with respect to any Debtor or all Debtors, as the context requires, the “Collateral”): 

(a) all accounts, money, documents, chattel paper, instruments (including or in addition to, the promissory notes described on
Schedule 2.1(a)), commercial tort claims (including commercial tort claims identified in Schedule 2.1(b)), deposit accounts, general intangibles (including all supporting obligations, all
Intellectual Property and Intellectual Property Licenses and all right, title and interest in all documentation executed and delivered in connection with the Rothsay Acquisition and the Vion Acquisition and all the documentation executed and
delivered in connection with any acquisition consummated under the permissions of the Credit Agreement), all goods and all products and proceeds of any of the foregoing; and 

(b) all investment property, including, the following: 

i. all the Equity Interests issued by, and all other ownership interest in, the Domestic Subsidiaries described on
Schedule 2.1(c) and each other Restricted Subsidiary (that is not either (A) a Foreign Subsidiary or (B) a Disregarded Domestic Person) hereafter created or acquired and owned by the Debtor; 

ii. all the Equity Interests described on Schedule 2.1(d) and the Debtor’s right, title and
interest in any Equity Interests issued by any Restricted Subsidiary that is either a Specified Foreign Subsidiary or a Specified Canadian Subsidiary; provided that, to the extent such pledge secures all the Obligations and not just the
Foreign Obligations, the voting Equity Interest in any such Specified Foreign Subsidiary or Specified Canadian Subsidiary pledged hereunder shall not exceed 65% of the outstanding voting Equity Interests of such Specified Foreign Subsidiary or
Specified Canadian Subsidiary; 

  
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 iii. all commodity accounts and securities accounts; and 

iv. all products and proceeds of the foregoing; 

(c) all equipment, fixtures, inventory and other goods and all accessions thereto and all products and proceeds thereof; and 

(d) all books and records pertaining to the Collateral. 

Notwithstanding anything herein to the contrary, in no event shall the security interest granted hereunder attach to, and the term
“Collateral” (and any component terms thereof) shall not include, the following: 
 (a) any lease, license, intellectual property
right, contract right, property right, permit, agreement or other general intangible to which any Debtor is a party or that a Debtor otherwise owns or any of its rights or interests thereunder if, and for so long as, the grant of such security
interest shall constitute or result in (i) the abandonment, invalidation or unenforceability of any right, title or interest of any Debtor therein, (ii) a breach or termination pursuant to the terms of, or a default under, any such lease,
license, intellectual property right, contract right, property right, permit, agreement or other general intangible, (iii) a breach of any law or regulation which prohibits the creation of a security interest thereunder (other than to the
extent that any such term specified in clause (i), (ii) or (iii) would be rendered ineffective pursuant to Sections 9-406, 9-407, 9-408 or 9-409 of the Uniform Commercial Code (or any successor provision or provisions) of any relevant jurisdiction or any other applicable law) or (iv) a requirement
for the consent of any Governmental Authority to permit the grant of a security interest therein; provided, however, that such security interest shall attach immediately at such time as the condition causing such abandonment,
invalidation or unenforceability shall be remedied and, to the extent severable, shall attach immediately to any portion of such lease, license, intellectual property right, contract right, property right or agreement that does not result in any of
the consequences specified in clause (i), (ii), (iii) or (iv) of this paragraph, including any proceeds of such lease, license, intellectual property right, contract right, property right, agreement or other general
intangible; 
 (b) any capital stock, partnership interests, membership interests and other ownership interests issued by, or any other
ownership interest in, (i) any Unrestricted Subsidiary, (ii) any Foreign Subsidiary with respect to which a pledge of such Foreign Subsidiary’s Equity Interests is prohibited by applicable law, (iii) any Foreign Subsidiary or a
Disregarded Domestic Person that in each case is not a Specified Foreign Subsidiary or a Specified Canadian Subsidiary, (iv) to the extent securing the Obligations and not just the Foreign Obligations, voting Equity Interests of any Specified
Foreign Subsidiary or Specified Canadian Subsidiary, in each case, in excess of 65% of the outstanding voting Equity Interests of such Specified Foreign Subsidiary or Specified Canadian Subsidiary and (v) any of the outstanding Equity Interests
of any indirectly owned Foreign Subsidiary of such Debtor; 

  
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 (c) any fee-owned or leasehold interest in real
property; 
 (d) any letter of credit rights; 

(e) deposit accounts and cash and cash equivalents maintained in such deposit accounts, in each case, exclusively used for (i) payroll,
payroll taxes and other employee wage and benefit payments to or for the benefit of any Debtor’s employees and (ii) taxes required to be collected or withheld (including, without limitation, federal and state withholding taxes (including
the employer’s share thereof), taxes owing to any governmental unit thereof, sales, use and excise taxes, customs duties, import duties and independent customs brokers’ charges), other taxes or fiduciary funds for which a Debtor may become
liable; 
 (f) interests in partnerships, joint ventures and non-wholly-owned Subsidiaries which
cannot be pledged without the consent of one or more third parties; provided, however, that such security interest shall attach immediately at such time as the condition creating such consent right shall cease to apply and, to the
extent severable, shall attach immediately to any portion of such interest that is not subject to such consent right, including any proceeds of such interest (other than to the extent otherwise excepted); 

(g) any right, title or interest in any Collateral, to the extent (i) the granting of a security interest therein would result in adverse
tax consequences as reasonably determined by the Parent Borrower and the Agent or (ii) the Debtors are prohibited from granting a security interest in, pledge of, or charge, mortgage or Lien upon any such Collateral by reason of (A) in the
case of a contract, enforceable anti-assignment provisions in such contract, (B) with respect to any other property or assets, the terms of any contract (including any negative pledge provision) governing the purchase, financing or ownership of
such assets or the triggering of any “change of control” or similar provision under such contract, (C) applicable law or regulation to which such Debtor is subject (including lack of legal capacity of such Loan Party (whether as a
result of financial assistance, corporate benefit or thin capitalization rule, or otherwise)), in each case of clauses (A), (B), (C) and (D) above, after giving effect to relevant provisions of the UCC and other
applicable law; 
 (h) any United States intent-to-use
Trademark application prior to the filing and the acceptance by the United States Patent and Trademark Office of a “Statement of Use” or “Amendment to Allege Use” with respect thereto, to the extent, if any, that, and solely
during the period, if any, in which the grant of a security interest therein would impair the validity or enforceability of such intent-to-use Trademark application
under applicable United States federal law; 
 (i) any property or assets subject to Liens permitted by
Section 6.02(o), (p) or (w) (to the extent such Lien permitted by clause (w) is of the type specified in Section 6.02(o) or (p)) of the Credit Agreement to third
parties; 
 (j) watercraft and similar vessels, vehicles, rolling stock, aircraft and any other assets subject to certificates of title or
considered serial number code (or like concept); or 

  
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 (k) any direct proceeds, substitutions or replacements of the foregoing, but only to the
extent such proceeds, substitutions or replacements would otherwise qualify for exclusion under clauses (a) through (j) above. 

Section 2.2 Debtor Remains Liable. Notwithstanding anything to the contrary contained herein: (a) each Debtor shall remain
liable under the documentation included in the Collateral to the extent set forth therein to perform all of its duties and obligations thereunder to the same extent as if this Agreement had not been executed; (b) the exercise by the Agent of
any of its rights or remedies hereunder shall not release any Debtor from any of its duties or obligations under such documentation; (c) the Agent shall not have any obligation under any of such documentation included in the Collateral by
reason of this Agreement; and (d) the Agent shall not be obligated to perform any of the obligations of any Debtor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder. 

ARTICLE 3. 

Representations and Warranties 

To induce the Agent and the Lenders to enter into this Agreement and the Credit Agreement, as applicable, each Debtor represents and warrants
to the Agent and the Lenders that: 
 Section 3.1 Location of Equipment and Inventory; Third Parties in Possession. As of the
date hereof, all of its equipment and inventory (other than such property which is in transit, property under repair, railcars, containers and vehicles for the collection of raw materials held by customers in the ordinary course of business and
other property that has a book value in the aggregate which is less than $50,000,000) are located at the places specified in Schedule 3.1 for such Debtor. 

Section 3.2 Other Investment Property. As of the date hereof, none of the Collateral consisting of interests in a partnership or
limited liability company are evidenced by a certificate, except as set forth on Schedule 2.1(c), nor has any such interest been designated a “security” governed by the provisions of Article 8 of the UCC unless
evidenced by a certificate. 
 Section 3.3 Office Locations; Fictitious Names; Predecessor Companies; Tax and Organizational
Identification Numbers. As of the date hereof, each Debtor’s chief executive office is listed on Schedule 3.1 and each Debtor’s jurisdiction of organization is located at the place or places identified for it on
Schedule 3.3 (if applicable, as modified in accordance with Section 4.4). Within the last four completed calendar months prior to the date hereof, each Debtor has not had any other chief executive
office except as disclosed on Schedule 3.1 or jurisdiction of organization except as disclosed on Schedule 3.3. Schedule 3.1 also sets forth as of the date hereof all other places where it
keeps its books and records relating to the Collateral and all other locations where it has a place of business that conducts business that is material to the operations of the Debtors, taken as a whole. It does not do business and has not done
business during the past five completed calendar years prior to the date hereof under any legal name, except as disclosed on Schedule 3.3. Schedule 3.3 sets forth a list of all legal names of all
of its predecessor companies, including the names of any entities it acquired (by stock purchase, asset purchase, merger or otherwise), and the chief executive office and jurisdiction of organization of each such predecessor company. For

  
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purposes of the foregoing, a “predecessor company” shall mean, with respect to a Debtor, any entity whose assets or equity interests were acquired by the Debtor or who was merged with
or into the Debtor, in each case, within the last four months prior to the date hereof. Each Debtor is a registered organization and its United States Federal Income Tax identification number (if applicable) and organizational identification number
(if applicable) are each identified on Schedule 3.3 (if applicable, as modified in accordance with Section 4.4). 

Section 3.4 Intellectual Property. Schedule 3.4 lists all material Registered Intellectual Property
owned by such Debtor in its own name on the date hereof, noting in each case the relevant registration, application or serial number and the jurisdiction of registration or application. Schedule 3.4 lists all Intellectual Property Licenses
pursuant to which such Debtor is granted any exclusive right under any Registered Intellectual Property, noting in each case the title of each Intellectual Property License, the counterparty to such Intellectual Property License and the date of such
Intellectual Property License. Except as could not reasonably be expected to result in a Material Adverse Effect, (a) each Debtor owns or has the right to use all Intellectual Property that is necessary to its business as currently conducted or
as proposed to be conducted, free of all Liens, except for Liens permitted by Section 6.02 of the Credit Agreement and (b) to the knowledge of such Debtor, the use of such Intellectual Property by such Debtor does not Infringe upon the
rights of any other Person. On the date hereof, to the knowledge of such Debtor, all material Registered Intellectual Property owned or exclusively licensed by such Debtor is valid, unexpired and enforceable, and is not being Infringed by any other
Person. On the date hereof, to the knowledge of such Debtor, no holding, decision or judgment has been rendered by any Governmental Authority or arbitrator which would limit, cancel or challenge the validity, enforceability, ownership or use of, or
such Debtor’s rights in, any Intellectual Property owned by such Debtor in any respect, and such Debtor knows of no valid basis for the same, in each case that could reasonably be expected to result in a Material Adverse Effect. On the date
hereof, to the knowledge of such Debtor, no action or proceeding is pending, threatened, or imminent seeking to limit, cancel or challenge the validity, enforceability, ownership or use of any Intellectual Property or such Debtor’s interest
therein, which, if adversely determined, could reasonably be expected to result in a Material Adverse Effect. 
 Section 3.5
Perfected Security Interests. (a) Subject to the limitations set forth in clause (b) of this Section 3.5, the security interests granted pursuant to this Agreement (i) will constitute valid
perfected security interests in the Collateral (with respect to perfection, as to which perfection may be obtained by the filing or other actions described in this Section 3.5(a)) in favor of the Agent, for the ratable
benefit of the Secured Parties, as collateral security for the Obligations, upon (A) the filing of financing statements naming each Debtor as debtor and the Agent as secured party and describing the Collateral in the applicable filing offices;
(B) in the case of instruments and certificated securities, upon the earlier of the delivery thereof to the Agent and the filing of the financing statements referred to in clause (A), and/or (C) in the case of Registered
Intellectual Property included in the Collateral, the completion of the filing, registration and recording of fully executed Patent Security Agreements, Trademark Security Agreements and Copyright Security Agreements, as the case may be,
(x) with respect to Patents and Trademarks, in the United States Patent and Trademark Office within the three-month period commencing as of the date hereof or, in the case of Patents or Trademarks acquired after the date hereof, within the
three-month period commencing as of the date of such acquisition and (y) with respect to Copyrights, in the United States Copyright Office within the one-month period commencing as of the date hereof or,
in the 

  
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case of Copyrights acquired after the date hereof, within the one-month period commencing as of the date of such acquisition, and (z) otherwise as may
be required pursuant to the laws of any other jurisdiction to the extent that a security interest may be perfected by such filings, registrations and recordings, and (ii) are prior to all other Liens on the Collateral other than Liens permitted
by Section 6.02 of the Credit Agreement. 
 (b) Notwithstanding anything to the contrary herein, no Debtor shall be
required to perfect the security interests created hereby by any means other than (i) filings pursuant to the Uniform Commercial Code as enacted in the relevant States of such Debtors, (ii) filings with United States’ governmental
offices with respect to Registered Intellectual Property and (iii) in the case of Collateral that constitutes instruments, certificated securities or negotiable documents, possession by the Agent in the United States; provided that
(x) foreign filings and agreements may be required by the Agent in the case of any Collateral located in a jurisdiction in which a Loan Party is then organized, (y) a foreign pledge or security agreement may be required, in the reasonable
discretion of the Agent; provided that no such agreement shall be required to be governed by the laws of a jurisdiction other than the one in which a Loan Party is then organized and (z) any commercial tort claim of a Debtor where the
amount in controversy is equal to or exceeds $50,000,000, individually, shall be required to be perfected. Additionally, no Debtor shall be required to obtain and deliver to the Agent any waivers, subordinations or acknowledgments from any third
party who has possession or control of any Collateral, including any agent, landlord, warehousemen, shipper, consignee, processor or bailee. 

Section 3.6 Commercial Tort Claims. As of the date hereof, Schedule 2.1(b) identifies all of its
commercial tort claims where the amount in controversy is equal to or exceeds $50,000,000, individually. 
 ARTICLE 4. 

Covenants 
 Each Debtor
covenants and agrees with the Agent that until the Date of Full Satisfaction, in accordance with terms and provisions of the Credit Agreement: 

Section 4.1 [Reserved] 

Section 4.2 Further Assurances; Exceptions to Perfection. Subject to Section 3.5(b) hereof and
Section 5.10 of the Credit Agreement, at any time and from time to time, upon the reasonable request of the Agent, and at the Debtor’s sole expense, each Debtor shall, promptly execute and deliver all such further documentation and take
such further action as the Agent may reasonably deem necessary or appropriate to preserve, perfect and protect its security interest in the Collateral and carry out the provisions and purposes of this Agreement and to enable the Agent to exercise
and enforce its rights and remedies hereunder with respect to any of the Collateral. In furtherance of the foregoing, each Debtor hereby authorizes the Agent to file, in the offices of the appropriate governmental unit or units, financing statements
naming it as debtor and the Agent as secured party and indicating the Collateral as all assets or all personal property of such Grantor whether now owned or hereafter acquired or words of similar effect or being of an equal or lesser scope or with
greater detail, in substantially the form attached as Exhibit C, and in the case of United States Registered Intellectual Property included in the Collateral, Intellectual Property Security Agreements substantially in the form of
Annex A, in each case as the Agent may reasonably deem appropriate. 

  
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 (a) Specific Required Actions. 

Without limiting the generality of the foregoing provisions of this Section 4.2, each Debtor shall: 

i. execute and deliver short form Intellectual Property Security Agreements substantially in the form of
Annex A, as applicable, describing all its Registered Intellectual Property included in the Collateral; and 

ii. Subject to Section 3.5(b) hereof and Section 5.10 of the Credit Agreement, execute and
deliver to the Agent such other documentation as the Agent may reasonably require to perfect, protect and maintain the validity, effectiveness and priority of the Liens intended to be created by this Agreement. 

(b) Exceptions to Perfection. Notwithstanding anything to the contrary contained herein, if no Event of Default exists: 

i. a Debtor may retain for collection checks representing proceeds of accounts received in the ordinary course of business;

 ii. a Debtor may retain any money received or held in the ordinary course of business; 

iii. a Debtor may retain and utilize all dividends and interest paid in respect to any of the Pledged Shares or any other
investment property; 
 iv. a Debtor may retain any documents received and further negotiated; and 

v. a Debtor shall not be required to deliver to the Agent any notes or instruments unless the aggregate amount payable under
all such notes and instruments which have not been delivered to the Agent exceeds $50,000,000, in which event only the notes or instruments which cause the aggregate amount payable to exceed the $50,000,000 amount shall be delivered to the Agent;

 If an Event of Default occurs and is continuing and the Agent requests, then, subject to Section 3.5(b) hereof
and Section 5.10 of the Credit Agreement, the Debtors shall take such action as the Agent may reasonably request to perfect and protect the security interests of the Agent in all of the Collateral, including the delivery to the Agent of all
Collateral the possession of which is necessary to perfect the security interest of the Agent therein. Each Debtor agrees, upon the occurrence and during the continuation of an Event of Default, that if any proceeds of any Collateral (including
payments made in respect of accounts or payment intangibles) shall be received by it after the Agent’s request under this paragraph, it shall promptly deliver such proceeds to the Agent with any necessary endorsements, and until such proceeds
are delivered to the Agent, such proceeds shall be held in trust by it for the benefit of the Agent and shall not be commingled with any other funds or property of it. 

  
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 Section 4.3 [Reserved] 

Section 4.4 Corporate Changes. Each Debtor will furnish to the Agent prompt written notice of any change (i) in its legal
name, (ii) in its jurisdiction of incorporation or organization, (iii) in its identity or type of organization or corporate structure or (iv) in its Federal Taxpayer Identification Number or organizational identification number, such
notice to be subject to Section 5.10(e) of the Credit Agreement. Each Debtor agrees to take (and hereby authorizes the Agent to take) all action reasonably deemed necessary by the Agent to protect the Agent’s security interest in all the
Collateral having at least the priority described in Section 3.5(a) and required by the terms and provisions of the Credit Agreement. 

Section 4.5 [Reserved] 

Section 4.6 [Reserved] 

Section 4.7 Voting Rights; Distributions, etc. So long as no Event of Default exists (and the Parent Borrower has not been given 3
Business Days prior written notice to the contrary), each Debtor shall be entitled to exercise any and all voting and other consensual rights (including the right to give consents, waivers and notifications) pertaining to any of the Pledged Shares
or any other investment property. 
 Section 4.8 Additional Investment Property and Instruments. Each Debtor agrees that it
will: (a) not permit any Restricted Subsidiary to issue any Equity Interests, any notes or other securities or instruments in addition to or in substitution for any of the Collateral unless permitted by or not prohibited by the Credit
Agreement; and (b) promptly deliver to the Agent an amendment hereto, duly executed by it, in substantially the form of Exhibit A (an “Amendment”), in respect of any and all Equity Interests (including
any of the same received from a Restricted Subsidiary created, acquired or designated after the date hereof; provided that a Debtor shall not be required to pledge Equity Interests in a Foreign Subsidiary or a Disregarded Domestic Person that
in each case is not a Specified Foreign Subsidiary or a Specified Canadian Subsidiary) and notes or other securities or instruments, together with all certificates evidencing such Equity Interests, and subject to the terms of
Section 4.2(b)(v), all such notes or other instruments representing or evidencing the same. It hereby (a) authorizes the Agent to attach each Amendment to this Agreement and (b) agrees that all such Equity
Interests, notes or other securities or instruments listed on any Amendment delivered to the Agent shall for all purposes hereunder constitute Collateral. If any of the Collateral consists of interests in a partnership or limited liability company,
it shall not permit such interest to become a “security” governed by the provisions of Article 8 of the UCC unless such interest is certificated and delivered to the Agent. 

Section 4.9 Intellectual Property Covenants. 

(a) Whenever such Debtor shall acquire or file an application for any Registered Intellectual Property included in the Collateral or obtain
rights thereto or becomes 

  
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entitled to the benefit of any Registered Intellectual Property, it shall promptly provide the Agent with written notice thereof describing any such new Registered Intellectual Property, and upon
the reasonable request of the Agent, shall promptly execute and deliver, and have recorded, any and all agreements, instruments, documents, and papers as the Agent may request to evidence the Agent’s and the Lenders’ security interest in
any such Registered Intellectual Property, including forms substantially in the form of Annex A, as applicable. 

(b) Such Debtor shall: (i) take reasonable and necessary steps to maintain and pursue each application (and to obtain the relevant
registration) and to maintain each registration of the material Registered Intellectual Property owned by such Debtor; (ii) file applications to register all new material Copyrights, Patents and Trademarks owned by such Debtor as such Debtor
may reasonably deem appropriate; (iii) preserve and maintain all rights in all material Intellectual Property owned by such Debtor; and (iv) use commercially reasonable efforts to obtain any consents, waivers or agreements necessary to
enable Agent to exercise its remedies under this Agreement with respect to the Intellectual Property owned by such Debtor, provided that in the case of clauses (i), (ii) and (iii), such covenants shall not apply if such
Debtor has determined in its reasonable business judgment that such material Registered Intellectual Property, Copyrights, Patents, Trademarks or Intellectual Property, as the case may be, are no longer necessary for or desirable in the conduct of
such Debtor’s business.  
 (c) [Reserved] 

(d) In the event that such Debtor knows that any material Intellectual Property owned by such Debtor is Infringed by a third party, such
Debtor shall (i) take such actions as such Debtor shall reasonably deem appropriate under the circumstances to protect such Intellectual Property (including, where appropriate in Debtor’s reasonable business judgment, suing for
Infringement and/or seeking injunctive relief) and (ii) promptly notify the Agent after it obtains knowledge of such Infringement. 

(e) Such Debtor will promptly notify the Agent and the Lenders if it knows, or has reason to know, that any Registered Intellectual Property
owned by such Debtor may become forfeited, abandoned or dedicated to the public, or of any adverse determination by any Governmental Authority regarding such Debtor’s rights in, or the validity, enforceability, ownership or use of, any
Registered Intellectual Property owned by such Debtor, including, without limitation, such Debtor’s right to register or to maintain the same, unless (in any case) such Debtor has determined in its reasonable business judgment that the right to
register or the maintenance of such Registered Intellectual Property is no longer necessary for or desirable in the conduct of such Debtor’s business. 

Section 4.10 [Reserved] 

Section 4.11 Chattel Paper and Letters of Credit. Upon the Agent’s reasonable request following an Event of Default that is
continuing, it will place a legend on any chattel paper indicating that Agent has a security interest in the chattel paper. 

Section 4.12 Commercial Tort Claims. Each Debtor will promptly give notice to the Agent of any commercial tort claim where the
amount in controversy is equal to or exceeds $50,000,000 and will amend Schedule 2.1(b) hereto and otherwise grant to the Agent a perfected security interest in any such commercial tort claim that arises after the date
hereof. 

  
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 Section 4.13 Timing of Actions and Deliverables. Notwithstanding anything to the
contrary herein, all actions and deliverables required under this Agreement shall be deemed taken or delivered “promptly” if such actions or deliverables are taken or delivered upon the later of (i) the next delivery date of the
financials contemplated by Section 5.01(a) and 5.01(b) of the Credit Agreement and (ii) the date expressly requested by the Administrative Agent acting in its reasonable discretion. 

ARTICLE 5. 
 Rights of
the Agent 
 Section 5.1 POWER OF ATTORNEY. EACH DEBTOR HEREBY IRREVOCABLY CONSTITUTES AND APPOINTS THE AGENT AND ANY
OFFICER OR AGENT THEREOF, WITH FULL POWER OF SUBSTITUTION, AS ITS TRUE AND LAWFUL ATTORNEY IN FACT WITH FULL IRREVOCABLE POWER AND AUTHORITY IN THE NAME OF SUCH DEBTOR OR IN ITS OWN NAME, TO TAKE, ANY AND ALL ACTIONS AND TO EXECUTE ANY AND ALL
DOCUMENTATION WHICH THE AGENT AT ANY TIME WHEN AN EVENT OF DEFAULT EXISTS AND IS CONTINUING DEEMS NECESSARY OR DESIRABLE TO ACCOMPLISH THE PURPOSES OF THIS AGREEMENT AND, WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, IT HEREBY GIVES THE AGENT
THE POWER AND RIGHT ON ITS BEHALF AND IN AGENT’S OWN NAME TO DO ANY OF THE FOLLOWING WHEN AN EVENT OF DEFAULT EXISTS AND IS CONTINUING, WITH NOTICE TO THE PARENT BORROWER BUT WITHOUT THE CONSENT OF ANY DEBTOR: 

(a) to demand, sue for, collect or receive, in the applicable Debtor’s name or in Agent’s own name, any money or property at any
time payable or receivable on account of or in exchange for any of the Collateral and, in connection therewith, endorse checks, notes, drafts, acceptances, money orders, documents or any other instruments for the payment of money under the
Collateral or any policy of insurance; 
 (b) to pay or discharge taxes, Liens or other encumbrances levied or placed on or threatened
against the Collateral; 
 (c) (i) to direct account debtors and any other parties obligated on the Collateral to make payment of any
and all monies due and to become due thereunder directly to, or otherwise render performance to or for the benefit of, the Agent or as the Agent shall direct; (ii) to receive payment of and receipt for any and all monies, claims and other
amounts due and to become due at any time in respect of or arising out of any Collateral; (iii) to sign and endorse any invoices, freight or express bills, bills of lading, storage or warehouse receipts, drafts against debtors, assignments,
proxies, stock powers, verifications and notices in connection with the Collateral; (iv) to commence and prosecute any suit, action or proceeding at law or in equity in any court of competent jurisdiction to collect the Collateral or any part
thereof and to enforce any other right in respect of any Collateral (including any Liens or any supporting obligation 

  
 14 

 
securing or supporting the payment thereof); (v) to defend any suit, action or proceeding brought against it with respect to any Collateral; (vi) to settle, compromise or adjust any
suit, action or proceeding described above and, in connection therewith, to give such discharges or releases as the Agent may deem appropriate; (vii) to exchange any of the Collateral for other property upon any merger, consolidation,
reorganization, recapitalization or other readjustment of the issuer thereof and, in connection therewith, deposit any of the Collateral with any committee, depositary, transfer agent, registrar or other designated agency upon such terms as the
Agent may determine; (viii) to add or release any guarantor, endorser, surety or other party to any of the Collateral; (ix) to renew, extend or otherwise change the terms and conditions of any of the Collateral; (x) to grant or issue
any exclusive or nonexclusive license under or with respect to any of the Intellectual Property included in the Collateral (subject to the rights of any Person under pre-existing Intellectual Property Licenses
or other agreements); (xi) to endorse its name on all applications and other documentation necessary or desirable in order for the Agent to use any of the Intellectual Property included in the Collateral; (xii) to make, settle, compromise
or adjust any claims under or pertaining to any of the Collateral (including claims under any policy of insurance); and (xiii) to sell, transfer, pledge, convey, make any agreement with respect to or otherwise deal with any of the Collateral as
fully and completely as though the Agent were the absolute owner thereof for all purposes, and to do, at the Agent’s option and the Debtors’ expense, at any time, or from time to time, all acts and things which the Agent deems necessary to
protect, preserve, maintain, or realize upon the Collateral and the Agent’s security interest therein. 
 THIS POWER OF ATTORNEY IS A
POWER COUPLED WITH AN INTEREST AND SHALL BE IRREVOCABLE UNTIL TERMINATION OF THIS AGREEMENT IN ACCORDANCE WITH SECTION 7.10. The Agent shall be under no duty to exercise or withhold the exercise of any of the rights, powers, privileges and
options expressly or implicitly granted to the Agent in this Agreement, and shall not be liable for any failure to do so or any delay in doing so. Neither the Agent nor any Person designated by the Agent shall be liable for any act or omission or
for any error of judgment or any mistake of fact or law, except any of the same resulting from its or their gross negligence or willful misconduct or material breach of its obligations under the Loan Documents. This power of attorney is conferred on
the Agent solely to protect, preserve, maintain and realize upon its security interest in the Collateral. The Agent shall not be responsible for any decline in the value of the Collateral and shall not be required to take any steps to preserve
rights against prior parties or to protect, preserve or maintain any Lien or supporting obligation given to secure the Collateral. 

Section 5.2 Possession; Reasonable Care. The Agent may, from time to time, in its sole discretion, appoint one or more agents to
hold physical custody, for the account of the Agent, of any or all of the Collateral that the Agent has a right to possess. The Agent shall be deemed to have exercised reasonable care in the custody and preservation of the Collateral in its
possession if the Collateral is accorded treatment substantially equal to that which the Agent accords its own property, it being understood that the Agent shall not have any responsibility for: (a) ascertaining or taking action with respect to
calls, conversions, exchanges, maturities, tenders or other matters relative to any Collateral, whether or not the Agent has or is deemed to have knowledge of such matters, or (b) taking any necessary steps to preserve rights against any
parties with respect to any Collateral. 

  
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 Section 5.3 Appointment as Agent; Swap Obligations; Deposit Obligations. 

(a) JPMorgan Chase Bank, N.A. is hereby appointed to act as Agent hereunder and under each applicable Security Document and by their acceptance
of the benefits hereof and thereof, each Secured Party hereby consents to such appointment and agrees to the terms hereof and to each other Security Document. The Agent shall have the right hereunder, to make demands, to give notices, to exercise or
refrain from exercising any rights, and to take or refrain from taking any action (including the release or substitution of Collateral), solely in accordance with the Credit Agreement, this Agreement and the other Security Documents to which the
Agent is a party in its capacity as such. In furtherance of the foregoing provisions of this Section 5.3, each Secured Party, by its acceptance of the benefits hereof, agrees that it shall have no right individually to
realize upon any of the Collateral, it being understood and agreed by such Secured Party that all rights and remedies hereunder may be exercised solely by the Agent for the benefit of the applicable Secured Parties in accordance with the terms of
the Credit Agreement, this Agreement and the other Security Documents. 
 (b) The Agent shall not be deemed to have any duty whatsoever with
respect to any Secured Party that is a counterparty to an agreement representing Swap Obligations or Deposit Obligations, unless it shall have received written notice in form and substance satisfactory to the Agent from a Debtor or any such Secured
Party as to the existence and terms of the applicable Swap Obligations or Deposit Obligations. 
 (c) The obligations of the Agent to the
holders of Swap Obligations or Deposit Obligations (the “Additional Secured Parties”), as applicable, hereunder and under any other Security Document shall be limited solely to (i) holding the Collateral for the benefit of the
applicable Additional Secured Parties, for so long as (A) any Swap Obligations or any Deposit Obligations, as applicable, remain outstanding and (B) any Swap Obligations or any Deposit Obligations, as applicable, are secured by such
Collateral and (ii) distributing any proceeds received by the Agent from the sale, collection or realization of the Collateral to the applicable Secured Party in respect of any Swap Obligations or any Deposit Obligations, as applicable, in
accordance with the terms of the Credit Agreement, this Agreement and the other Security Documents. No Additional Secured Party shall be entitled to exercise (or to direct the Agent to exercise) any rights or remedies hereunder with respect to any
Swap Obligations or any Deposit Obligations, as applicable, including without limitation the right to enforce any security interest in the Collateral, request any action, institute proceedings, give any instructions, make any election, give any
notice to account debtors, make collections, sell or otherwise foreclose on any portion of the Collateral or execute any amendment, supplement, or acknowledgment hereof. Neither the Credit Agreement, this Agreement nor any other Security Document
shall create any liability of the Agent, any Lender, or the other Secured Party party to a Loan Document to any Additional Secured Party by reason of actions taken with respect to the creation, perfection or continuation of the security interest in
the Collateral, actions with respect to the occurrence of an Event of Default, actions with respect to the foreclosure upon, sale, release, or depreciation of, or failure to realize upon, any of the Collateral or action with respect to the
collection of any claim for all or any part of the Obligations from any account debtor, guarantor or any other party or the valuation, use or protection of the Collateral. 

  
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 (d) The Agent shall not be required to ascertain or inquire as to the performance by the
Parent Borrower or any other obligor of any Swap Obligations or any Deposit Obligations, as applicable. 
 (e) The Agent shall not be deemed
to have actual, constructive, direct or indirect notice or knowledge of the occurrence of any Event of Default unless and until the Agent shall have received a written notice of such Event of Default from a source authorized to provide such notice
under the documentation applicable to such Event of Default. The Agent shall have no obligation either prior to or after receiving such notice to inquire whether an Event of Default has, in fact, occurred and shall be entitled to rely conclusively,
and shall be fully protected in so relying, on any notice so furnished to it. 
 ARTICLE 6. 

Default 
 Section 6.1
Rights and Remedies. If an Event of Default exists and is continuing, the Agent shall have the following rights and remedies: 
 (a)
In addition to all other rights and remedies granted to the Agent in this Agreement (including those set forth in Article 5 hereof) or in any other Loan Document or by applicable law, the Agent shall have all of the rights and remedies of a
secured party under the UCC (whether or not the UCC applies to the affected Collateral). Without limiting the generality of the foregoing, the Agent may: (i) without demand or notice to any Debtor, collect, receive or take possession of the
Collateral or any part thereof and for that purpose the Agent may (subject to the rights of third parties with respect thereto) enter upon any premises on which the Collateral is located and remove the Collateral therefrom or render it inoperable
and in the event the Agent seeks to take possession of any or all of the Collateral by judicial process, each Debtor hereby irrevocably waives any bonds and any surety or security relating thereto that may be required by applicable law as an
incident to such possession, and waives any demand for possession prior to the commencement of any such suit or action; (ii) apply the balance of Debtor’s deposit account held at the Agent to Debtor’s Obligation owed to the Agent in
its capacity as a Lender; and/or (iii) sell, lease or otherwise dispose of the Collateral, or any part thereof, in one or more parcels at public or private sale or sales, at the Agent’s offices or elsewhere, for cash, on credit or for
future delivery, on an “as is” and “with all faults” basis, with a disclaimer of all warranties (including warranties of title, possession, quiet enjoyment and the like and all warranties of merchantability and fitness) and upon
such other terms as the Agent may deem commercially reasonable or otherwise as may be permitted by law. Neither the Agent nor any Secured Party shall have any obligation to clean–up or otherwise prepare the Collateral for sale if the Agent
determines that it is not beneficial to do so or if its costs to do so outweigh the benefits expected to be received thereby. The Agent shall have the right at any public sale or sales, and, to the extent permitted by applicable law, at any private
sale or sales, to bid (which bid may be, in whole or in part, in the form of cancellation of indebtedness) and become a purchaser of the Collateral or any part thereof. Upon the reasonable request of the Agent, each Debtor shall within ten
(10) days (or within such longer number of days as the Agent may approve): (i) assemble its Collateral and (ii) make it available to the Agent at any place or places designated by the Agent that are reasonably convenient to it and the
Agent. Each Debtor agrees that the 

  
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Agent shall not be obligated to give more than ten (10) days prior written notice of the time and place of any public sale or of the time after which any private sale may take place and that
such notice shall constitute reasonable notice of such matters; provided that no such notice shall be required with respect to any Collateral that is perishable, that threatens to decline speedily in value or is a type customarily sold on the
recognized market. The Agent shall not be obligated to make any sale of Collateral if it shall determine not to do so, regardless of the fact that notice of sale of Collateral may have been given. The Agent may, without notice or publication,
adjourn any public or private sale or cause the same to be adjourned from time to time by announcement at the time and place fixed for sale, and such sale may, without further notice, be made at the time and place to which the same was so adjourned.
Each Debtor shall be liable for all reasonable expenses of retaking, holding, preparing for sale or the like, and all reasonable attorneys’ fees, legal expenses and other costs and expenses incurred by the Agent in connection with the
collection of its Obligations and the enforcement of the Agent’s rights under this Agreement and arising as a result hereof (in each case, subject to the limitations set forth in the Credit Agreement). Each Debtor shall remain liable for any
deficiency if the proceeds of any sale or other disposition of the Collateral applied to its Obligations are insufficient to result in the occurrence of the Date of Full Satisfaction. The Agent may apply the Collateral against the Obligations as
provided in the Credit Agreement and when applying the Collateral against the Obligations, unless otherwise provided in the Credit Agreement, any Obligations which are purchase money obligations or represent proceeds of loans utilized to acquire the
Collateral shall be deemed to be paid last. Each Debtor waives all rights of marshalling, valuation and appraisal in respect of the Collateral. Any proceeds received or held by the Agent in respect of any sale of, collection from or other
realization upon all or any part of the Collateral may, in the discretion of the Agent, be held by the Agent as collateral for, and then or at any time thereafter applied in whole or in part by the Agent against, the Obligations in the order
permitted by the Credit Agreement. Any surplus of such proceeds and interest accrued thereon, if any, held by the Agent and remaining after the Date of Full Satisfaction shall be promptly paid over to the Debtor entitled thereto or to whomsoever may
be lawfully entitled to receive such surplus. The Agent shall have no obligation to invest or otherwise pay interest on any amounts held by it in connection with or pursuant to this Agreement. 

(b) Upon three Business Days’ prior written notice to the Parent Borrower, the Agent may cause any or all of the Collateral held by it to
be transferred into the name of the Agent or the name or names of the Agent’s nominee or nominees. 
 (c) The Agent may exercise any
and all of the rights and remedies of any Debtor under or in respect of the Collateral, including any and all rights to demand or otherwise require payment of any amount under, or performance of any provision of, any of the Collateral and, upon
three Business Days’ prior written notice to the Parent Borrower, any and all voting rights and corporate powers in respect of the Collateral. Each Debtor shall execute and deliver (or cause to be executed and delivered) to the Agent all such
proxies and other documentation as the Agent may reasonably request for the purpose of enabling the Agent to exercise the voting and other rights which it is entitled to exercise pursuant to this clause (c) and to receive the dividends,
interest and other amounts which it is entitled to receive hereunder. 

  
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 (d) The Agent may collect or receive all money or property at any time payable or receivable
on account of or in exchange for any of the Collateral, but shall be under no obligation to do so. 
 (e) On any sale of the Collateral, the
Agent is hereby authorized to comply with any limitation or restriction with which compliance is necessary, in the view of the Agent’s counsel, in order to avoid any violation of applicable law or in order to obtain any required approval of the
purchaser or purchasers by any applicable governmental unit. Such compliance will not be considered to adversely affect the commercial reasonableness of any sale of any Collateral. 

(f) For purposes of enabling the Agent to exercise its rights and remedies under this Section 6.1 and enabling the
Agent and its successors and permitted assigns to enjoy the full benefits of the Collateral in each case as the Agent shall be entitled to exercise its rights and remedies under this Section 6.1, each Debtor hereby grants
to the Agent a nonexclusive license (exercisable solely during the continuance of any Event of Default and without payment of royalty or other compensation to it) to use, assign, license or sublicense any of its Intellectual Property included in the
Collateral (subject to the rights of any Person under pre-existing Intellectual Property Licenses or other agreements), including in such license reasonable access to all media in which any of the licensed
items may be recorded or stored and all computer programs used for the completion or printout thereof and further including in such license such rights of quality control and inspection as are reasonably necessary to prevent the Trademarks included
in such license from claims of invalidation. This license shall also inure to the benefit of all successors and permitted assigns and transferees of the Agent. 

(g) If the Agent sells any of the Collateral of a Debtor on credit, such Debtor will be credited only with payments actually made by the
purchaser, received by the Agent and applied to the indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, the Agent may resell the Collateral and the applicable Debtor shall be credited with the proceeds of the
sale. 
 Notwithstanding the foregoing, no amounts received from any Debtor shall be applied to any Excluded Swap Obligations of such
Debtor. 
 Section 6.2 Private Sales. Each Debtor recognizes that the Agent may be unable to effect a public sale of any or all
of the Collateral by reason of certain prohibitions contained in the laws of any jurisdiction outside the United States or in the Securities Act of 1933, as amended from time to time (the “Securities Act”) and applicable state
securities laws, but may be compelled to resort to one or more private sales thereof to a restricted group of purchasers who will be obliged to agree, among other things, to acquire such Collateral for their own account for investment and not with a
view to the distribution or resale thereof. Each Debtor acknowledges and agrees that any such private sale may result in prices and other terms less favorable to the seller than if such sale were a public sale and, notwithstanding such
circumstances, agrees that any such private sale shall, to the extent permitted by law, be deemed to have been made in a commercially reasonable manner. Neither the Agent nor any Secured Party shall be under any obligation to delay a sale of any of
the Collateral for the period of time necessary to permit the issuer of such securities to 

  
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register such securities under the laws of any jurisdiction outside the United States, under the Securities Act or under any applicable state securities laws, even if such issuer would agree to
do so. Each Debtor further agrees to do or cause to be done, to the extent that it may do so under applicable law, all such other reasonable acts and things as may be necessary to make such sales or resales of any portion or all of the Collateral
valid and binding and in compliance with any and all applicable laws, regulations, orders, writs, injunctions, decrees or awards of any and all courts, arbitrators or governmental units, domestic or foreign, having jurisdiction over any such sale or
sales, all at the Debtors’ expense. 
 Section 6.3 Standards for Exercising Remedies. To the extent that applicable law
imposes duties on Agent to exercise remedies in a commercially reasonable manner, each Debtor acknowledges and agrees that it is not commercially unreasonable for the Agent: (a) to fail to incur expenses reasonably deemed significant by the
Agent to prepare any Collateral for disposition or otherwise to complete raw material for work-in-process into finished goods or other finished products for disposition;
(b) except as required by applicable law, to fail to obtain third party consents for access to Collateral to be disposed of, or to obtain or if not required by other law, to fail to obtain governmental or third party consents for the collection
or disposition of the Collateral to be collected or disposed of; (c) to fail to exercise collection remedies against account debtors or other persons obligated on Collateral or to remove liens on or any adverse claims against the Collateral;
(d) to exercise collection remedies against account debtors and other persons obligated on Collateral directly or through the use of collection agencies and other collection specialists; (e) to advertise dispositions of Collateral through
publications or media of general circulation, whether or not the Collateral is of a specialized nature; (f) to contact other persons, whether or not in the same business as Debtor, for expressions of interest in acquiring all or any portion of
the Collateral; (g) to hire one or more professional auctioneers to assist in the disposition of Collateral, whether or not the Collateral is of a specialized nature; (h) to dispose of Collateral by utilizing Internet sites that provide
for the auction of assets of the types included in the Collateral, that have the reasonable capability of doing so, and that match buyers and sellers of assets; (i) to dispose of assets in wholesale rather than retail markets; (j) to
disclaim disposition warranties; (k) to purchase insurance or credit enhancements to insure the Agent against risks of loss, collection or disposition of Collateral or to provide the Agent a guaranteed return from the collection or disposition
of Collateral; (l) to the extent deemed appropriate by the Agent, to obtain the services of brokers, investment bankers, consultants and other professionals (including the Agent and its affiliates) to assist the Agent in the collection or
disposition of any of the Collateral; or (m) to comply with any applicable state or federal law requirement in connection with the disposition or collection of the Collateral. Each Debtor acknowledges that this
Section 6.3 is intended to provide non-exhaustive indications of what actions or omissions by the Agent would not be commercially unreasonable in the Agent’s exercise of remedies
against the Collateral and that other actions or omissions by the Agent shall not be deemed commercially unreasonable solely by not being included in this Section 6.3. Without limitation upon the foregoing, nothing
contained in this Section 6.3 shall be construed to grant any rights to any Debtor or to impose any duties upon the Agent that would not have been granted or imposed by this Agreement or by applicable law in the absence of
this Section 6.3. 

  
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 ARTICLE 7. 

Miscellaneous 

Section 7.1 No Waiver; Cumulative Remedies. No failure on the part of the Agent to exercise and no delay in exercising, and no
course of dealing with respect to, any right, power or privilege under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right, power or privilege under this Agreement preclude any other or further
exercise thereof or the exercise of any other right, power, or privilege. The rights and remedies provided for in this Agreement are cumulative and not exclusive of any rights and remedies provided by law or the other Loan Documents. 

Section 7.2 Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of each Debtor, the Agent, the
Secured Parties and respective successors and permitted assigns, except (x) that no Debtor may assign any of its rights or obligations under this Agreement without the prior written consent of the Lenders and (y) the Agent may not appoint
a successor Agent, in each case, except in accordance with the Credit Agreement. 
 Section 7.3 AMENDMENT; ENTIRE AGREEMENT.
THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS EMBODY THE FINAL, ENTIRE AGREEMENT AMONG THE PARTIES HERETO AND SUPERSEDES ANY AND ALL PRIOR COMMITMENTS, AGREEMENTS, REPRESENTATIONS AND UNDERSTANDINGS, WHETHER WRITTEN OR ORAL, RELATING TO THE SUBJECT
MATTER HEREOF AND MAY NOT BE CONTRADICTED OR VARIED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OR DISCUSSIONS OF THE PARTIES HERETO. THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES HERETO. Except as contemplated by
the execution and delivery of a Subsidiary Joinder Agreement or an Amendment (which, in each case, only needs to be signed by the party thereto), the provisions of this Agreement may be amended or waived only by an instrument in writing signed by
the parties hereto (with the consent of and the number of Lenders required by the Credit Agreement). 
 Section 7.4 Notices. All
notices and other communications provided for in this Agreement shall be given or made in accordance with the Credit Agreement and if to any Debtor, at the address for notices of the Parent Borrower set forth therein. 

Section 7.5 Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of New
York. 
 Section 7.6 Headings. The headings, captions, and arrangements used in this Agreement are for convenience only and
shall not affect the interpretation of this Agreement. 
 Section 7.7 Survival of Representations and Warranties. All
representations, warranties and certifications made in this Agreement or in any documentation delivered pursuant hereto shall survive the execution and delivery of this Agreement, and no investigation by the Agent shall affect the representations,
warranties and certifications or the right of the Agent or any Secured Party to rely upon them. 

  
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 Section 7.8 Counterparts. This Agreement may be executed in counterparts (and by
different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of (x) this
Agreement, (y) any other Loan Document and/or (z) any document, amendment, approval, consent, information, notice, certificate, request, statement, disclosure or authorization related to this Agreement, any other Loan Document and/or the
transactions contemplated hereby and/or thereby (each an “Ancillary Document”) that is an electronic symbol, or process attached to, or associated with, a contract or other record and adopted by a Person with the intent to sign,
authenticate or accept such contract or record (each an “Electronic Signature”) transmitted by telecopy, emailed pdf. or any other electronic means that reproduces an image of an actual executed signature page shall be effective as
delivery of a manually executed counterpart of this Agreement, such other Loan Document or such Ancillary Document, as applicable. The words “execution,” “signed,” “signature,” “delivery,” and words of like
import in or relating to this Agreement, any other Loan Document and/or any Ancillary Document shall be deemed to include Electronic Signatures, deliveries or the keeping of records in any electronic form (including deliveries by telecopy, emailed
pdf. or any other electronic means that reproduces an image of an actual executed signature page), each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of
a paper-based recordkeeping system, as the case may be; provided that nothing herein shall require the Administrative Agent to accept Electronic Signatures in any form or format without its prior written consent and pursuant to procedures
approved by it; provided, further, without limiting the foregoing, (i) to the extent the Administrative Agent has agreed to accept any Electronic Signature, (A) the Administrative Agent and each of the Lenders shall be
entitled to rely on such Electronic Signature purportedly given by or on behalf of the Parent Borrower or any other Loan Party without further verification thereof and without any obligation to review the appearance or form of any such Electronic
Signature and (B) the Loan Parties shall be entitled to rely on the Electronic Signature purportedly given on behalf of the Agent, any Lender, any Swingline Lender or any Issuing Bank without further verification thereof and without any
obligation to review the appearance or form of any Electronic Signature and (ii) upon the request of any Loan Party, the Administrative Agent or any Lender, any Electronic Signature shall be promptly followed by a manually executed counterpart.
Without limiting the generality of the foregoing, the Debtors, the Agent, the Lenders and any holder of Obligations, by their acceptance of the benefits of this Agreement, hereby agree (i) that, for all purposes, including without limitation,
in connection with any workout, restructuring, enforcement of remedies, bankruptcy proceedings or litigation among the Administrative Agent, the Lenders, the Parent Borrower and the Loan Parties, Electronic Signatures transmitted by telecopy,
emailed pdf. or any other electronic means that reproduces an image of an actual executed signature page and/or any electronic images of this Agreement, any other Loan Document and/or any Ancillary Document shall have the same legal effect, validity
and enforceability as any paper original and (ii) each other party hereto or to any Loan Document and/or Ancillary Document may, at its option, create one or more copies of this Agreement, any other Loan Document and/or any Ancillary Document
in the form of an imaged electronic record in any format, which shall be deemed created in the ordinary course of such Person’s business, and destroy the original paper document (and all such electronic records shall be considered an original
for all purposes and shall have the same legal effect, validity and enforceability as a paper record). 

  
 22 

 Section 7.9 Severability. Any provision of this Agreement which is determined by
a court of competent jurisdiction to be 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 of this
Agreement, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

Section 7.10 Termination. Upon the effectiveness of the authorization for release set forth in
Section 9.10 of the Credit Agreement, the security interests created hereby shall terminate automatically and the Agent shall, upon the written request of any Debtor, execute and deliver to the Debtors proper documentation
acknowledging the release and termination of the security interests created by this Agreement, and shall duly assign and deliver to each Debtor (without recourse and without any representation or warranty) such of the Collateral as may be in the
possession of the Agent and has not previously been sold or otherwise applied pursuant to this Agreement. 
 Section 7.11
Obligations Absolute. All rights and remedies of the Agent hereunder, and all obligations of each Debtor hereunder, shall be absolute and unconditional irrespective of: (a) any lack of validity or enforceability of any of the Loan
Documents or any documents in respect of any Swap Obligations or Deposit Obligations; (b) any change in the time, manner, or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any
consent to any departure from any of the Loan Documents or any documents in respect of any Swap Obligations or Deposit Obligations; (c) any exchange, release, or nonperfection of any Collateral, or any release or amendment or waiver of or
consent to any departure from any guarantee or other supporting obligation, for all or any of the Obligations; or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, a third party pledgor or
surety other than the Full Satisfaction of the Credit Agreement Obligations in accordance with the terms and provisions of the Credit Agreement. 

Section 7.12 [Reserved]. 

Section 7.13 Confirmation of Security Interests; No Novation; Release. 

(a) By signing this Agreement, each Debtor party hereto hereby confirms that (i) the obligations of such Debtor under the Credit Agreement
as modified by the Sixth Amendment and the other Loan Documents as modified on the Sixth Amendment Date (x) are entitled to the benefits of the security interests set forth or created in the relevant Security Documents delivered prior to the
date hereof and the other Loan Documents (in each case, as amended, restated, amended and restated, supplemented or otherwise modified in connection with the Sixth Amendment and as the same may be released, in each case, as expressly set forth in
the Sixth Amendment), and (y) constitute Obligations for purposes of the Credit Agreement and this Agreement and all other relevant Security Documents delivered prior to the date hereof (as amended, restated, amended and restated, supplemented
or otherwise modified in connection with the Sixth Amendment and as the same may be released, in each case as expressly set forth in the Sixth Amendment) and (ii) notwithstanding the effectiveness of the terms of this Agreement and the Sixth
Amendment, except as expressly set forth in the Sixth Amendment, the relevant Security Documents delivered prior to the date hereof and the other Loan Documents 

  
 23 

 
are, and shall continue to be, in full force and effect and are hereby ratified and confirmed in all respects. Each Loan Party party hereto hereby ratifies and confirms that all Liens granted,
conveyed, or assigned to the Administrative Agent by such Person pursuant to each relevant Loan Document delivered prior to the date hereof to which it is a party remain in full force and effect, are not released or reduced, and continue to secure
full payment and performance of the Obligations, as may be extended, increased or otherwise modified hereby. It is the intention of each Loan Party party hereto and the Administrative Agent, and each Loan Party party hereto and the Administrative
Agent acknowledge and agree, that this Agreement, the Sixth Amendment to the Credit Agreement and any modifications or amendments to the other Loan Documents contemplated hereby shall not constitute a novation of any rights or obligations of any
party under the Credit Agreement and/or the other Loan Documents for the purpose of any applicable law. 
 (b) Effective as of the Sixth
Amendment Date, each Existing Debtor that is not a party to this Agreement on the Sixth Amendment Date (each, a “Released Debtor”) is irrevocably and forever discharged from all obligations of such Released Debtor under the Existing
Security Agreement and as a Loan Party under each Loan Document to which such Released Debtor was a party prior to the Sixth Amendment Date, and any Lien of the Agent on the assets of such Released Debtor, solely to the extent such Lien was granted
pursuant to the Loan Documents prior to the Sixth Amendment Date, shall be immediately released, in each case, without any further act of the Agent, the Lenders or any other Person and such Released Debtor shall be hereby released from liability
therefor and no future liability shall arise with respect to such released Liens of such Released Debtor hereunder. The Agent agrees to make any applicable release filing and/or execute and deliver any additional release documentation, to the extent
reasonably requested by the Parent Borrower or such Released Debtor, as may be necessary to effect the release and discharge granted under this Section 7.13(b). 

[SIGNATURE PAGES BEGIN ON NEXT PAGE] 

  
 24 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day and
year first written above. 
  

			
	DEBTORS:
	
	DARLING INGREDIENTS INC.
		
	By:	 	/s/ Martijn van Steenpaal
	Name:	 	Martijn van Steenpaal
	Title:	 	Vice President and Treasurer

  

			
	CRAIG PROTEIN DIVISION, INC.
		
	By:	 	/s/ Martijn van Steenpaal
	Name:	 	Martijn van Steenpaal
	Title:	 	Vice President and Treasurer

  

			
	DARLING GLOBAL HOLDINGS INC.
		
	By:	 	/s/ Martijn van Steenpaal
	Name:	 	Martijn van Steenpaal
	Title:	 	Vice President and Treasurer

  

			
	DARLING NATIONAL LLC
		
	By:	 	/s/ Martijn van Steenpaal
	Name:	 	Martijn van Steenpaal
	Title:	 	Vice President and Treasurer

  

			
	GRIFFIN INDUSTRIES LLC
		
	By:	 	/s/ Martijn van Steenpaal
	Name:	 	Martijn van Steenpaal
	Title:	 	Vice President and Treasurer

  
 [Signature Page to Third
Amended and Restated Security Agreement] 

 
			
	ROUSSELOT INC.
		
	By:	 	/s/ Martijn van Steenpaal
	Name:	 	Martijn van Steenpaal
	Title:	 	Vice President and Treasurer

  

			
	ROUSSELOT PEABODY INC.
		
	By:	 	/s/ Martijn van Steenpaal
	Name:	 	Martijn van Steenpaal
	Title:	 	Vice President and Treasurer

  

			
	ROUSSELOT DUBUQUE INC. 
		
	By:	 	/s/ Martijn van Steenpaal
	Name:	 	Martijn van Steenpaal
	Title:	 	Vice President and Treasurer

  

			
	SONAC USA LLC
		
	By:	 	/s/ Martijn van Steenpaal
	Name:	 	Martijn van Steenpaal
	Title:	 	Vice President and Treasurer

  
 [Signature Page to Third
Amended and Restated Security Agreement] 

 
			
	AGENT:
	
	 JPMORGAN CHASE BANK, N.A.,
 as
Agent for the Secured Parties

		
	By:	 	/s/ Alexander Vardaman
	Name:	 	Alexander Vardaman
	Title:	 	Authorized Signatory

  
 [Signature Page to Third
Amended and Restated Security Agreement] 

 INDEX OF SCHEDULES, EXHIBITS AND ANNEXES 

 

					
	Schedule 2.1(a)	  	–  	  	Promissory Notes
	Schedule 2.1(b)	  	–  	  	Commercial Tort Claims
	Schedule 2.1(c)	  	–  	  	Pledged Shares – Domestic Subsidiaries
	Schedule 2.1(d)	  	–  	  	Pledged Shares – Foreign Subsidiaries
	Schedule 3.1	  	–  	  	Locations
	Schedule 3.3	  	–  	  	Trade and Other Names; Tax I.D. Number
	Schedule 3.4	  	–  	  	Intellectual Property
			
	Exhibit A	  	–  	  	Form of Amendment
	Exhibit B	  	–  	  	Subsidiary Joinder Agreement
	Exhibit C	  	–  	  	Financing Statement
			
	Annex A	  	–  	  	Form of Grant of Security Interest in Intellectual Property

  
 INDEX
OF SCHEDULES AND EXHIBITS, SOLO PAGE 

 EXHIBIT A 

TO 
 AMENDED AND RESTATED SECURITY
AGREEMENT 
 FORM OF AMENDMENT 

This Amendment, dated _______________, _____, is delivered pursuant to Section 4.8 of the Security Agreement (as
herein defined) referred to below. The undersigned hereby agrees that this Amendment may be attached to the Third Amended and Restated Security Agreement dated as of September 18, 2020 (as amended, restated, amended and restated, supplemented
or otherwise modified from time to time, the “Security Agreement”) among the undersigned, certain of its affiliates and JPMorgan Chase Bank, N.A., as agent for the ratable benefit of the Secured Parties referred to therein, and that
the Equity Interests, notes or other instruments listed on Schedule 1 annexed hereto shall be and become part of the Collateral referred to in the Security Agreement and shall secure payment and performance of all of the
undersigned’s Obligations as provided in the Security Agreement. 
 Capitalized terms used herein but not defined herein shall have the
meanings therefor provided in the Security Agreement. 
  

					
	 
		
	By:	 	 
		 	Name:	 	 
		 	Title:	 	 

  
 EXHIBIT A TO SECURITY
AGREEMENT 

 Schedule 1 

to 
 Security Agreement Amendment

  

	 	A.	 Equity Interests 

  

									
	Equity Issuer	 	Holder	 	Stock
Certificate No(s).	 	Number of
Shares or Units	 	Percentage of Total Ownership Interest
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 

  

	 	B.	 Notes and Other Instruments 

  
 SCHEDULE 1
TO SECURITY AGREEMENT AMENDMENT 

 EXHIBIT B 

TO 
 AMENDED AND RESTATED SECURITY
AGREEMENT 
 SUBSIDIARY JOINDER AGREEMENT 

This SUBSIDIARY JOINDER AGREEMENT (the “Agreement”) dated as of ____________________, ____ is executed by the undersigned
(the “Debtor”) for the benefit of JPMORGAN CHASE BANK, N.A., in its capacity as agent for the lenders party to the hereafter identified Credit Agreement and the other secured parties (in such capacity herein, the
“Agent”) and for the benefit of such lenders and other secured parties in connection with that certain Second Amended and Restated Credit Agreement dated as of January 6, 2014 among the Agent, DARLING INGREDIENTS INC. (the
“Parent Borrower), the other Borrowers party thereto, the other agents party thereto and the Lenders party thereto (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit
Agreement”, and capitalized terms not otherwise defined herein being used herein as defined in the Credit Agreement). 
 The Debtor
is a newly formed, established or acquired Restricted Subsidiary and is required to execute this Agreement pursuant to the terms of the Credit Agreement. 

NOW THEREFORE, in consideration of the premises and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Debtor hereby agrees as follows: 
 The Debtor assumes all the obligations of a “Debtor” under the Security
Agreement and agrees that from and after the date hereof it is a “Debtor” and bound as a “Debtor” under the terms of the Security Agreement as if a direct signatory thereto. In furtherance of the foregoing, the Debtor hereby
pledges and grants to Agent a security interest in all of its right, title and interest in and to Debtor’s Collateral (as defined in the Security Agreement) to secure its Obligations (as defined in the Security Agreement) under the terms of the
Security Agreement. 
 Schedules 2.1(a), 2.1(b), 2.1(c), 2.1(d), 3.1, 3.3 and 3.4 of the Security Agreement are hereby amended to add the
information relating to Debtor set out on Schedules 2.1(a), 2.1(b), 2.1(c), 2.1(d), 3.1, 3.3 and 3.4 hereof. The Debtor hereby confirms that the representations and warranties set forth in Article 3 of the
Security Agreement applicable to it and its Collateral and the representations and warranties set forth in the Credit Agreement applicable to it are true and correct in all material respects after giving effect to such amendment to the Schedules
with the phrases “as of the date hereof” or “as of the Effective Date” or similar phrases as used therein meaning the date of this Agreement. 

In furtherance of its obligations under Section 4.2 of the Security Agreement but subject to the exceptions set forth therein, Debtor
authorized the filing of such UCC financing statements naming it as debtor, the Agent as secured party and describing its Collateral and such other documentation (including Intellectual Property Security Agreements substantially in the form of
Annex A to the Security Agreement) as the Agent may require to evidence, protect and perfect the Liens created by the Security Agreement as modified hereby. 

  
 SUBSIDIARY
JOINDER AGREEMENT – PAGE 1 

 The Debtor hereby assumes all the obligations of a “Guarantor” under the Guaranty
Agreement and agrees that from and after the date hereof it is a “Guarantor” and bound as a “Guarantor” under the terms of the Guaranty Agreement as if it had been an original signatory thereto. In accordance with the forgoing
and for valuable consideration, the receipt and adequacy of which are hereby acknowledged, Debtor irrevocably and unconditionally guarantees to the Agent and the Guaranteed Secured Parties (as defined in the Guaranty Agreement) the full and prompt
payment and performance of the Guaranteed Indebtedness (as defined in the Guaranty Agreement) upon the terms and conditions set forth in the Guaranty Agreement. 

The Debtor represents and warrants to the Agent and the Lenders that the representations and warranties in Section 3.01, 3.02 and 3.03 of
the Credit Agreement to the extent relating to it are true and correct in all material respects as of the date hereof. 
 This Agreement
shall be deemed to be part of, and a modification to, the Security Agreement and the Guaranty Agreement and shall be governed by all the terms and provisions of the Security Agreement and the Guaranty Agreement, which terms are incorporated herein
by reference, are ratified and confirmed and shall continue in full force and effect as valid and binding agreements of the Debtor enforceable against the Debtor. The Debtor hereby waives notice of the Agent’s or any Lender’s acceptance of
this Agreement. 
 This Agreement shall be governed by, and construed in accordance with, the laws of the State of New York. 

IN WITNESS WHEREOF, the Debtor has executed this Agreement as of the day and year first written above. 

 

					
	Debtor:
	
	 
		
	By:	 	 
		 	Name:	 	 
		 	Title:	 	 

  
 SUBSIDIARY
JOINDER AGREEMENT – PAGE 2 

 EXHIBIT C 

TO 
 AMENDED AND RESTATED SECURITY
AGREEMENT 
 (See attached) 

 Annex A 

GRANT OF 
 SECURITY INTEREST IN
[TRADEMARK/PATENT/COPYRIGHT] RIGHTS 
 This GRANT OF SECURITY INTEREST IN [TRADEMARK/ PATENT/ COPYRIGHT]
RIGHTS (“Agreement”), effective as of ________ __, 20[ ] is made by [Debtor], a [state form of entity], located at [address] (the “Debtor”), in favor of JPMorgan Chase Bank, N.A., as Administrative
Agent (in such capacity, the “Agent”) for the banks and other financial institutions or entities (the “Lenders”) from time to time parties to the Second Amended and Restated Credit Agreement, dated as of January 6,
2014 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Darling Ingredients Inc. (the “Parent Borrower”), the other Borrowers party
thereto, the Lenders party thereto from time to time, the agents party thereto and the Agent. 
 W I T N E
S S E T H: 
 WHEREAS, pursuant to the Credit Agreement, the Lenders have severally agreed to make
extensions of credit to the Borrowers upon the terms and subject to the conditions set forth therein; and 
 WHEREAS, in connection with the
Credit Agreement, the Debtors have executed and delivered a Third Amended and Restated Security Agreement, dated as of the date of the Credit Agreement, in favor of the Agent (as amended, restated, amended and restated, supplemented or otherwise
modified from time to time, the “Security Agreement”); 
 WHEREAS, pursuant to the Security Agreement, the Debtor pledged
and granted to the Agent for the benefit of the Secured Parties a continuing security interest in all Intellectual Property included in the Collateral, including the [Trademarks/Patents/Copyrights] included in the Collateral; and 

WHEREAS, the Debtor has duly authorized the execution, delivery and performance of this Agreement. 

NOW THEREFORE, for good and valuable consideration, the receipt of which is hereby acknowledged, and in order to induce the Lenders to make
extensions of credit to the Borrowers pursuant to the Credit Agreement, the Debtor agrees, for the benefit of the Agent and the Secured Parties, as follows: 

1. Definitions. Unless otherwise defined herein or the context otherwise requires, terms used in this Agreement, including its preamble
and recitals, have the meanings provided or provided by reference in the Credit Agreement and the Security Agreement. 
 2. Grant of
Security Interest. Subject to Section 2.1 of the Security Agreement, Debtor hereby pledges and grants a continuing security interest in all of the Debtor’s right, title and interest in, to and under the
[Trademarks/Patents/Copyrights] owned by such Debtor (including, without limitation, those items listed on Schedule A hereto) (collectively, the “[Trademark][Patent][Copyright] Collateral”), to the Agent for the
benefit of the Agent and the Secured Parties to secure payment, performance and observance of the Obligations. 

  
 ANNEX A -
1 

 3. Purpose. This Agreement has been executed and delivered by the Debtor for the
purpose of recording the grant of security interest herein with the [United States] [Patent and Trademark][Copyright] Office. The security interest granted hereby has been granted to the Lenders in connection with the Security Agreement and
is expressly subject to the terms and conditions thereof. The Security Agreement (and all rights and remedies of the Lenders thereunder) shall remain in full force and effect in accordance with its terms. 

4. Acknowledgment. The Debtor does hereby further acknowledge and affirm that the rights and remedies of the Lenders with respect to
the security interest in the [Trademark][Patent][Copyright] Collateral granted hereby are more fully set forth in the Credit Agreement and the Security Agreement, the terms and provisions of which (including the remedies provided for therein) are
incorporated by reference herein as if fully set forth herein. In the event of any conflict between the terms of this Agreement and the terms of the Security Agreement, the terms of the Security Agreement shall govern. 

5. Counterparts. This Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of
which will be deemed an original, but all of which when taken together constitute a single contract. Delivery of an executed counterpart of a signature page of this Agreement by telecopy or email or other electronic means (including a
“.pdf” or “.tif” file) shall be effective as delivery of a manually executed counterpart of this Agreement. 

(Remainder of the page intentionally left blank) 

  
 ANNEX A -
2 

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

					
	[DEBTOR]
	
	 
		
	By:	 	 
		 	Name:	 	 
		 	Title:	 	 

 
					
	JPMORGAN CHASE BANK, N.A., as
Administrative Agent for the Secured Parties
		
	By:	 	 
		 	Name:	 	 
		 	Title:EX-10.3

 Exhibit 10.3 

EXECUTION VERSION 
 THIRD
AMENDED AND RESTATED GUARANTY AGREEMENT 
 This THIRD AMENDED AND RESTATED GUARANTY AGREEMENT, dated as of September 18, 2020 (this
“Guaranty Agreement”), is made by and among the Parent Borrower (as defined below), each of the undersigned Subsidiary Loan Parties, any Subsidiary Loan Party hereafter added as a Guarantor (as defined below) and the Agent (as
defined below). 
 WHEREAS, DARLING INGREDIENTS INC., a Delaware corporation (the “Parent Borrower”), has entered into that
certain Second Amended and Restated Credit Agreement dated January 6, 2014, among the Parent Borrower, the other Borrowers party thereto, the lenders from time to time party thereto, JPMORGAN CHASE BANK, N.A., as the administrative agent and
the other agents party thereto (as amended, restated, amended and restated, supplemented or otherwise modified prior to the date hereof, the “Existing Credit Agreement”) and in connection therewith certain of its Subsidiaries, from
time to time prior to the date hereof, entered into that certain Second Amended and Restated Guaranty Agreement dated January 6, 2014, by the Subsidiary Loan Parties (as defined immediately prior to the effectiveness of the Sixth Amendment (as
defined below) and this Guaranty Agreement, the “Existing Guarantors”) party thereto (as amended, restated, amended and restated, supplemented or otherwise modified prior to the date hereof, the “Existing Guaranty
Agreement”); 
 WHEREAS, the Parent Borrower and the other applicable parties thereto have agreed to amend the Existing Credit
Agreement, and in connection therewith enter into that certain Sixth Amendment to the Second Amended and Restated Credit Agreement dated the date hereof (the “Sixth Amendment”), among the Parent Borrower, the other Borrowers party
thereto, the lenders from time to time party thereto (the “Lenders”), JPMORGAN CHASE BANK, N.A., as the administrative agent (the “Agent”) and the other agents party thereto (as amended by the Sixth Amendment, and
as may be further amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”; capitalized terms used herein but not otherwise defined herein shall have the same meaning
assigned to such terms in the Credit Agreement); 
 WHEREAS, in connection with the Sixth Amendment, the Parent Borrower, the Agent and the
Subsidiary Loan Parties party hereto have agreed to amend and restate the Existing Guaranty Agreement as set forth herein (it being understood that any Existing Guarantor that is not party to this Guaranty Agreement shall be released from its
guarantee hereunder upon effectiveness of this Guaranty Agreement in accordance with Section 27 hereof); 
 NOW,
THEREFORE, for valuable consideration, the receipt and adequacy of which are hereby acknowledged, each of the undersigned Parent Borrower and the Subsidiary Loan Parties and any Subsidiary Loan Party hereafter added as a “Guarantor” hereto
pursuant to (a) in the case of Domestic Subsidiaries, a Subsidiary Joinder Agreement substantially in the form attached as Exhibit B to the Security Agreement and (b) in the case of Specified Foreign Subsidiaries or Specified Canadian
Subsidiaries, a Subsidiary Joinder Agreement substantially in the form attached as Exhibit A hereto (each such agreement referred to under clause (a) or (b), a “Subsidiary Joinder Agreement” and each such Parent
Borrower or Subsidiary Loan Party party to a Subsidiary Joinder Agreement, individually a “Guarantor” and collectively the “Guarantors”), hereby irrevocably and unconditionally guarantees to the Secured Parties (the
“Guaranteed Secured Parties”), the full and prompt payment and performance of the Guaranteed Indebtedness (hereinafter defined), this Guaranty Agreement hereby amending and restating the Existing Guaranty Agreement upon the terms
set forth herein: 
 1. The term “Guaranteed Indebtedness”, as used herein, means all of the Obligations, as defined in the
Credit Agreement and the other Loan Documents. The “Guaranteed Indebtedness” shall include (a) any increases, extensions and rearrangements of the Obligations under any amendments, 

 
restatements, amendment and restatements, supplements or other modifications of the documents and agreements creating the Obligations and (b) any and all
post-petition interest and expenses (including attorneys’ fees in accordance with the terms and conditions of the Credit Agreement) arising in connection with any proceeding under any bankruptcy,
insolvency, or other similar law whether or not allowed in such proceeding; provided that the Guaranteed Indebtedness shall be limited, with respect to each Guarantor, to an aggregate amount equal to the largest amount that would not render
such Guarantor’s obligations hereunder subject to avoidance under Section 544 or 548 of the United States Bankruptcy Code or under any applicable state or local law relating to fraudulent transfers or conveyances or under other local law
limitations set forth in any applicable Subsidiary Joinder Agreement; provided further that notwithstanding anything herein to the contrary, with respect to any Foreign Subsidiary Loan Party (i) “Guaranteed Indebtedness”
shall only mean the Foreign Obligations and with respect to clauses (a) and (b) above, shall only include such amounts as they relate to the Foreign Obligations and (ii) notwithstanding any other provision of this Guaranty
Agreement to the contrary, the Guaranteed Indebtedness and any guarantee of Obligations or Foreign Obligations shall be subject to the limitations set out in Section 9 of this Guaranty Agreement or any other limitations as
reasonably agreed by the Agent and such Foreign Subsidiary Loan Party in accordance with the Agreed Security Principles and set forth in any applicable Subsidiary Joinder Agreement; provided, further, that for purposes of determining
any guarantee obligations of any Guarantor under this Guaranty Agreement, the definition of “Obligations” (and for the avoidance of doubt “Foreign Obligations”) shall not create any guarantee by any Guarantor of any Excluded Swap
Obligations (as defined below) of such Guarantor. As used herein, the following terms have the following meanings: 
 “Commodity
Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to time, and any successor statute. 

“Excluded Swap Obligation” means, with respect to any Guarantor, (a) any Swap Obligation if, and to the extent that, and
only for so long as, all or a portion of the guarantee by such Guarantor of, or the grant by such Guarantor of a security interest to secure, as applicable, such Swap Obligation (or any guarantee thereof) is or becomes illegal under the Commodity
Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Guarantor’s failure to constitute an “eligible contract
participant,” as defined in the Commodity Exchange Act and the regulations thereunder, at the time the guarantee of (or grant of such security interest by, as applicable) such Guarantor becomes or would become effective with respect to such
Swap Obligation or (b) any other Swap Obligation designated as an “Excluded Swap Obligation” of such Guarantor as specified in any agreement between the relevant Loan Parties and counterparty applicable to such Swap Obligations, and
agreed by the Agent. If a Swap Obligation arises under a master agreement governing more than one Swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to Swaps for which such guarantee or security
interest is or becomes illegal. 
 “Qualified Keepwell Provider” means, in respect of any Swap Obligation, each Loan Party
that, at the time the relevant guarantee (or grant of the relevant security interest, as applicable) becomes effective with respect to such Swap Obligation, has total assets exceeding $10,000,000 or otherwise constitutes an “eligible contract
participant” under the Commodity Exchange Act or any regulations promulgated thereunder and can cause another person to qualify as an “eligible contract participant” with respect to such Swap Obligation at such time by entering into a
keepwell or guarantee pursuant to Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 
 “Swap” means any
agreement, contract, or transaction that constitutes a “swap” within the meaning of section 1a(47) of the Commodity Exchange Act. 

  
 GUARANTY AGREEMENT, Page
2 

 “Swap Obligation” means, with respect to any Person, any obligation to pay
or perform under any Swap. 
 2. The Guarantors together desire to allocate among themselves (collectively, the “Contributing
Guarantors”), in a fair and equitable manner, their obligations arising under this Guaranty Agreement. Accordingly, in the event any payment or distribution is made by a Guarantor under this Guaranty Agreement (a “Funding
Guarantor”) that exceeds its Fair Share (as defined below), that Funding Guarantor shall be entitled to a contribution from each of the other Contributing Guarantors in the amount of such other Contributing Guarantor’s Fair Share
Shortfall (as defined below), with the result that all such contributions will cause each Contributing Guarantor’s Aggregate Payments (as defined below) to equal its Fair Share. “Fair Share” means, with respect to a
Contributing Guarantor as of any date of determination, an amount equal to (a) the ratio of (i) the Adjusted Maximum Amount (as defined below) with respect to such Contributing Guarantor to (ii) the aggregate of the Adjusted Maximum
Amounts with respect to all Contributing Guarantors, multiplied by (b) the aggregate amount paid or distributed on or before such date by all Funding Guarantors under this Guaranty Agreement in respect of the obligations
guarantied, as applicable. “Fair Share Shortfall” means, with respect to a Contributing Guarantor as of any date of determination, the excess, if any, of the Fair Share of such Contributing Guarantor over the Aggregate Payments of
such Contributing Guarantor. “Adjusted Maximum Amount” means, with respect to a Contributing Guarantor as of any date of determination, the maximum aggregate amount of the obligations of such Contributing Guarantor under this
Guaranty Agreement determined in accordance with the provisions hereof; provided that, solely for purposes of calculating the “Adjusted Maximum Amount” with respect to any Contributing Guarantor for purposes of this
paragraph 2, the assets or liabilities arising by virtue of any rights to or obligations of contribution hereunder shall not be considered as assets or liabilities of such Contributing Guarantor. “Aggregate
Payments” means, with respect to a Contributing Guarantor as of any date of determination, the aggregate amount of all payments and distributions made on or before such date by such Contributing Guarantor in respect of this Guaranty
Agreement (including, without limitation, in respect of this paragraph 2). The amounts payable as contributions hereunder shall be determined as of the date on which the related payment or distribution is made by the
applicable Funding Guarantor. The allocation among Contributing Guarantors of their obligations as set forth in this paragraph 2 shall not be construed in any way to limit the liability of any Contributing Guarantor
hereunder. 
 3. This instrument shall be an absolute, continuing, irrevocable and unconditional guaranty of payment and performance, and
not a guaranty of collection, and each Guarantor shall remain liable on its obligations hereunder until the Date of Full Satisfaction in accordance with the terms and conditions of the Credit Agreement. No
set-off, counterclaim, recoupment, reduction, or diminution of any obligation, or any defense of any kind or nature which any Borrower may have against any Guaranteed Secured Party or any other party, or which
any Guarantor may have against any Borrower, any Guaranteed Secured Party or any other party, shall be available to, or shall be asserted by, any Guarantor against any Guaranteed Secured Party or any subsequent holder of the Guaranteed Indebtedness
or any part thereof or against payment of the Guaranteed Indebtedness or any part thereof until the Date of Full Satisfaction in accordance with the terms and conditions of the Credit Agreement. 

4. If a Guarantor becomes liable for any Indebtedness owing by any Borrower to any Guaranteed Secured Party by endorsement or otherwise, other
than under this Guaranty Agreement, such liability shall not be in any manner impaired or affected hereby, and the rights of the Guaranteed Secured Parties hereunder shall be cumulative of any and all other rights that any Guaranteed Secured Party
may ever have against such Guarantor. The exercise by any Guaranteed Secured Party of any right or remedy hereunder or under any other instrument, or at law or in equity, shall not preclude the concurrent or subsequent exercise of any other right or
remedy. 

  
 GUARANTY AGREEMENT, Page
3 

 5. Upon the occurrence and continuance of an Event of Default arising from any
Borrower’s default in payment of its Obligations, or any part thereof, when such Obligations become due, whether by its terms, by acceleration, or otherwise, the Guarantors of such defaulted Obligations to the extent constituting Guaranteed
Indebtedness shall, jointly and severally, promptly pay the amount due thereon to Agent, without notice or demand, in the currency required by the Credit Agreement, and it shall not be necessary for the Agent or any other Guaranteed Secured Party,
in order to enforce such payment by any Guarantor, first to institute suit or exhaust its remedies against any Borrower or others liable on such Guaranteed Indebtedness, or to enforce any rights against any Collateral which shall have been given to
secure such Guaranteed Indebtedness. In the event such payment is made by a Guarantor, then such Guarantor shall be subrogated to the rights then held by the Agent and any other Guaranteed Secured Party with respect to the Guaranteed Indebtedness to
the extent the Guaranteed Indebtedness was discharged by such Guarantor and, in addition, upon payment by such Guarantor of any sums to the Agent or any other Guaranteed Secured Party hereunder, all rights of such Guarantor against the applicable
Borrower, any other Guarantor or any collateral arising as a result therefrom by way of right of subrogation, reimbursement, or otherwise shall in all respects be subordinate and junior in right of payment until the Date of Full Satisfaction in
accordance with the terms and conditions of the Credit Agreement. All payments received by the Agent hereunder shall be applied by the Agent to payment of the applicable Guaranteed Indebtedness in the order provided for in Section 2.18(f) of
the Credit Agreement. 
 6. If acceleration of the time for payment of any amount payable by any Borrower under its Obligations is stayed
upon the insolvency, bankruptcy, reorganization or any similar proceeding of such Borrower, all such amounts otherwise subject to acceleration under the terms of the Guaranteed Indebtedness relating to such Obligations shall nonetheless be payable
by the applicable Guarantors hereunder forthwith on demand by the Agent or the Required Lenders. 
 7. Each Guarantor hereby agrees that its
obligations under this Guaranty Agreement shall not be released, discharged, diminished, impaired, reduced, or affected for any reason or by the occurrence of any event which affects the Guaranteed Indebtedness, including, without limitation, one or
more of the following events, whether or not with notice to or the consent of any Guarantor: (a) the taking or accepting of Collateral as security for any or all of the Guaranteed Indebtedness or the release, surrender, exchange, or
subordination of any Collateral now or hereafter securing any or all of the Guaranteed Indebtedness; (b) any partial release of the liability of any Guarantor hereunder, or the full or partial release of any other guarantor from liability for
any or all of the Guaranteed Indebtedness; (c) any disability of any Borrower, or the dissolution, insolvency, bankruptcy, or any similar proceeding of any Borrower, any Guarantor, or any other party at any time liable for the payment of any or
all of the Guaranteed Indebtedness; (d) any renewal, extension, modification, waiver, amendment, restatement, amendment and restatement or rearrangement of any or all of the Guaranteed Indebtedness or any instrument, document, or agreement
evidencing, securing, or otherwise relating to any or all of the Guaranteed Indebtedness; (e) any adjustment, indulgence, forbearance, waiver, or compromise that may be granted or given by the Agent or any other Guaranteed Secured Party to any
Borrower, any Guarantor, or any other party ever liable for any or all of the Guaranteed Indebtedness; (f) any neglect, delay, omission, failure, or refusal of the Agent or any other Guaranteed Secured Party to take or prosecute any action for
the collection of any of the Guaranteed Indebtedness or to foreclose or take or prosecute any action in connection with any instrument, document, or agreement evidencing, securing, or otherwise relating to any or all of the Guaranteed Indebtedness;
(g) the unenforceability or invalidity of any or all of the Guaranteed Indebtedness or of any instrument, document, or agreement evidencing, securing, or otherwise relating to any or all of the Guaranteed Indebtedness; (h) any payment by
any Borrower or any other party to the Agent or any other Guaranteed Secured Party is held to constitute a preference under applicable bankruptcy or insolvency law or if for any other reason the Agent or any other Guaranteed Secured Party is
required to refund any payment or pay the amount thereof to someone else; (i) the settlement or compromise of any of the Guaranteed Indebtedness; (j) the non-perfection of any security interest or
lien securing any or all of the Guaranteed Indebtedness; 

  
 GUARANTY AGREEMENT, Page
4 

 
(k) any impairment of any Collateral securing any or all of the Guaranteed Indebtedness; (l) the failure of the Agent or any other Guaranteed Secured Party to sell any Collateral
securing any or all of the Guaranteed Indebtedness in a commercially reasonable manner or as otherwise required by law; (m) any change in the corporate existence, structure, or ownership of any Borrower or any Guarantor; or (n) any other
circumstance which might otherwise constitute a defense available to, or discharge of, any Borrower or any other Guarantor (in any case other than upon the Date of Full Satisfaction). 

8. Each Guarantor represents and warrants to the Agent and the Lenders that the representations and warranties in Sections 3.01, 3.02 and 3.03
of the Credit Agreement to the extent relating to it are true and correct in all material respects as of the date hereof and on each date the representations and warranties hereunder are restated pursuant to any of the Loan Documents with the same
force and effect as if such representations and warranties had been made on and as of such date except to the extent that such representations and warranties relate specifically to another date. 

9. The following limitations shall apply to any Guarantor which is incorporated under the laws of the Federal Republic of Germany as a limited
liability company (Gesellschaft mit beschränkter Haftung) (only for the purposes of this Section 9, the “German Guarantor”): 

(a) The enforcement of the guarantee granted by the German Guarantor hereunder (the “GmbH Collateral”) shall be limited as
follows: 
 (1) The enforcement of the GmbH Collateral shall be limited if and to the extent that such GmbH Collateral secures obligations
of a shareholder of the German Guarantor or an affiliated company (verbundes Unternehmen) of such shareholder within the meaning of section 15 of the German Stock Corporation Act (Aktiengesetz) (other than any of the German
Guarantor’s direct or indirect subsidiaries) and that, in such case, the enforcement of the GmbH Collateral (i) would cause the German Guarantor’s assets less the German Guarantor’s liabilities (the “Net Assets”)
to be less than its registered share capital (Stammkapital) (Begründung einer Unterbilanz) or (ii) (if the German Guarantor’s Net Assets are already less than its registered share capital) would cause such deficit to be
further increased (Vertiefung der Unterbilanz). 
 (2) For the purposes of such calculation the Net Assets shall be determined in
accordance with the German Commercial Code (Handelsgesetzbuch) save that the following balance sheet items shall be adjusted as follows: 

(i) if the registered share capital of the German Guarantor is not fully paid up (nicht voll eingezahlt), the relevant amount which is
not paid up shall be deducted from the registered share capital; 
 (ii) the amount of any increase after the date of this Guaranty
Agreement of the German Guarantor’s registered share capital out of capital reserves of such German Guarantor (Kapitalerhöhung aus Kapitalrücklagen) which has been effected without the prior written consent of the Agent shall
be deducted from the registered share capital; 
 (iii) any loan provided to such German Guarantor, insofar as such loan qualifies as
equity or subordinated shareholder loan, shall be disregarded; and 
 (iv) liabilities in relation to loans granted to, and other
contractual liabilities incurred by, the German Guarantor in breach of any term of the Credit Agreement shall be disregarded. 

  
 GUARANTY AGREEMENT, Page
5 

 (3) In addition, the German Guarantor shall, to the extent legally permissible, realize in a
situation where, after enforcement of the GmbH Collateral, the German Guarantor would not have Net Assets in excess of its registered share capital, any and all of its assets that are shown in the balance sheet with a book value (Buchwert)
that is lower than the market value of the asset unless the relevant asset is necessary for the business of the German Guarantor (Sicherungsabtretung) its respective claim for the purchase price or other proceeds from the realization to the
Agent or any nominee appointed by the Agent. 
 (4) The enforcement of the GmbH Collateral shall initially be excluded pursuant to
paragraph (a) (1) above if no later than ten (10) Business Days following a demand by the Agent to enforce the GmbH Collateral, the managing directors on behalf of the German Guarantor have confirmed in writing to the Agent (the
“Management Determination”): 
 (i) to what extent the GmbH Collateral granted by the German Guarantor is an up-stream or cross-stream security as described in paragraph (a) (1) above; and 
 (ii) which
amount of such cross-stream and/or up-stream security cannot be enforced as it would cause the Net Assets of the German Guarantor to be less than (or fall further below) its registered share capital (taking
into account the adjustments set out in paragraph (a) (2) above and the realization duties set out in paragraph (a) (3) above), 

and such confirmation is supported by a calculation which is satisfactory to the Agent, acting reasonably. 

Notwithstanding the above, the Agent shall in any event be entitled to enforce the GmbH Collateral for any amounts where such enforcement would, in accordance
with the Management Determination, not cause the German Guarantor’s Net Assets to be less than (or to fall further below) the amount if its registered share capital (in each case as calculated and adjusted in accordance with
paragraph (a) (2) above. 
 (5) Following the Agent’s receipt of a Management Determination, any further enforcement of
the GmbH Collateral shall be excluded pursuant to paragraph (a) (1) above for a period of no more than twenty (20) Business Days only. 

If the Agent receives within such twenty (20) Business Days period (i) an up-to-date balance sheet together with (ii) a determination in each case prepared by auditors of international standard and reputation appointed by the German Guarantor either confirming the Management
Determination (the “Auditors Determination”), the further enforcement of the GmbH Collateral shall be limited, if and to the extent such enforcement would, in accordance with the Auditor’s Determination cause the German
Guarantor’s Net Assets to be less than (or to fall further below) the amount of its registered share capital in each case as calculated and adjusted in accordance with paragraph (a) (2) above. If the German Guarantor fails to deliver
an Auditor’s Determination within twenty (20) Business Days after receipt of the Management Determination, the Agent shall be entitled to enforce the GmbH Collateral without any limitation or restriction. 

(6) The limitations set out in this paragraph (a) shall not apply (or, as the case may be, shall cease to apply): 

(i) if and to the extent the relevant GmbH Collateral secures any amounts borrowed under the Credit Agreement which are lent, on-lent or otherwise passed on to such German Guarantor or any of its subsidiaries from time to time; or 

  
 GUARANTY AGREEMENT, Page
6 

 (ii) if and to the extent the enforcement of the GmbH Collateral will result in a fully
valuable recourse claim (vollwertiger Rückgriffanspruch) of the German Guarantor within the meaning of section 30 paragraph 1 sentence 2 of the German Limited Liability Companies Act (GmbH); or 

(iii) if and to the extent a domination and/or profit and loss pooling agreement (Beherrschungs- und/oder Gewinnabführungsvertrag)
is or becomes effective with the German Guarantor as dominated entity, unless the German Guarantor evidences by deliver to the Agent, within two (2) weeks following a payment demand of a Secured Party in relation to the GmbH Collateral, a legal
opinion prepared by a reputable law firm acceptable to the Agent (acting reasonably) that the payment of the relevant German Guarantor would result in a violation of section 30 or 31 of the German Limited Liability Companies Act
(“GmbHG”) irrespective of whether the German Guarantor is a dominated company under a domination and/or profit and loss pooling agreement (Beherrschungs- und/oder Gewinnabführunugsvertrag); or 

(iv) if and to the extent for any other reason (including, without limitation, as a result of a change in the relevant rules of law) the
deficit (Unterbilanz) referred to in paragraph (a) (1) above does not constitute a breach of the German Guarantor’s obligations to maintain its registered share capital pursuant to sections 30 et seq. GmbHG, each as amended,
supplemented and/or replaced from time to time. 
 (b) If, prior to the date of enforcement of the GmbH Collateral of the German Guarantor,
a final (rechtskräftig) judgement of the Federal High Court of Justice (Bundesgerichtshof) or a Higher Regional Court (Oberlandesgericht) has been passed in relation to section 30 GmbHG which states that the mere
existence of a domination agreement (Beherrschungsvertrag) and/or a profit absorption agreement (Gewinnabführungsvertrag) without a fully recoverable recourse claim (vollwertiger Gegenleistungs- oder
Rückgriffsanspruch) is not sufficient in order to avoid a violation of section 30 GmbHG, the limitation set out in paragraph (a) (6) (iii) above shall no longer apply. 

(c) The provisions of this Section 9 shall apply mutatis mutandis in relation to the general partner of a
German Guarantor which is established under the laws of the Federal Republic of Germany as a limited liability partnership (Kommanditgesellschaft) with a German limited liability company (Gesellschaft mit beschränkter Haftung) as
its sole general partner (Komplementär) (GmbH & Co. KG). 
 10.Each Guarantor acknowledges the
following: 
 (a) It has, independently and without reliance upon the Agent or any Lender and based upon such documents and
information as it has deemed appropriate, made its own analysis and decision to enter into the Loan Documents to which it is a party. 

(b) It is not relying upon the Agent or any Lender to provide (and neither the Agent nor any Lender shall have any duty to
provide) any information concerning the financial condition and assets of any Borrower to it either now or in the future. 
 11. Each
Guarantor covenants and agrees that, until the Date of Full Satisfaction, it will comply with all covenants set forth in the Credit Agreement that are applicable to it. 

12. When an Event of Default exists and is continuing and subject to the terms and conditions of the Credit Agreement, the Agent and each
other Guaranteed Secured Party shall, to the fullest extent permitted by law, have the right to set-off and apply against each applicable Guarantor’s Guaranteed Indebtedness constituting Loan Obligations,
at any time and without notice to any Guarantor, any and all deposits (general or special, time or demand, provisional or final) or other sums at any time credited by or owing from the Agent and each other Guaranteed Secured Party to any Guarantor
whether or not the 

  
 GUARANTY AGREEMENT, Page
7 

 
Guaranteed Indebtedness is then due and irrespective of whether or not the Agent or any other Guaranteed Secured Party shall have made any demand under this Guaranty Agreement. Each Guaranteed
Secured Party agrees promptly to notify the Borrowers in writing (with a copy to the Agent) after any such setoff and application; provided that the failure to give such notice shall not affect the validity of such setoff and application. The
rights and remedies of the Agent and other Guaranteed Secured Parties hereunder are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Agent or any
other Secured Party may have. 
 13. (a) Each Guarantor agrees that any and all Liens (including any judgment liens), upon any such
Guarantor’s assets securing payment of any Subordinated Indebtedness shall be and remain inferior and subordinate to any and all Liens upon any such Guarantor’s assets securing payment of the Guaranteed Indebtedness or any part
thereof, regardless of whether such Liens that are in favor of a Guarantor, the Agent or any other Guaranteed Secured Party presently exist or are hereafter created or attached. Without the prior written consent of the Agent (which consent shall not
be unreasonably withheld), no Guarantor shall (i) file suit against any other Guarantor or exercise or enforce any other creditor’s right it may have against any other Guarantor, or (ii) foreclose, repossess, sequester, or otherwise
take steps or institute any action or proceedings (judicial or otherwise, including without limitation the commencement of, or joinder in, any liquidation, receivership, bankruptcy, reorganization, rearrangement, debtor’s relief or other
insolvency proceeding) to enforce any obligations of any other Guarantor to such Guarantor or any Liens held by such Guarantor on assets of any other Guarantor. 

(b) In the event of any liquidation, receivership, bankruptcy, reorganization, rearrangement, debtor’s relief or other
insolvency proceeding involving any Guarantor as debtor, the Agent shall have the right to prove and, to the extent permitted by applicable law, vote any claim under the Subordinated Indebtedness and to receive directly from the receiver, trustee or
other court custodian all dividends, distributions, and payments made in respect of the Subordinated Indebtedness until the Date of Full Satisfaction. The Agent may apply any such dividends, distributions, and payments against such Guaranteed
Indebtedness in accordance with the Credit Agreement. 
 14. Except for modifications made pursuant to the execution and delivery of a
Subsidiary Joinder Agreement or as otherwise provided in the Credit Agreement, no amendment or waiver of any provision of this Guaranty Agreement or consent to any departure by any Guarantor therefrom shall in any event be effective unless the same
shall be in writing and signed by the Guarantors and the Agent (with the consent of the Required Lenders). No failure on the part of the Agent or any other Guaranteed Secured Party to exercise, and no delay in exercising, any right, power, or
privilege hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right, power, or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, power, or privilege. The
remedies herein provided are cumulative and not exclusive of any remedies provided by law. 
 15. This Guaranty Agreement is for the benefit
of the Guaranteed Secured Parties and their successors and permitted assigns, and in the event of an assignment of the Guaranteed Indebtedness, or any part thereof, the rights and benefits hereunder, to the extent applicable to the Guaranteed
Indebtedness so assigned, may be transferred with such Guaranteed Indebtedness. This Guaranty Agreement is binding not only on each Guarantor, but on each Guarantor’s successors and assigns. 

16. Each Guarantor recognizes that the Agent and the Lenders are relying upon this Guaranty Agreement and the undertakings of each Guarantor
hereunder and under the other Loan Documents to which each is a party in making extensions of credit to the Borrowers under the Credit Agreement and further recognizes that the execution and delivery of this Guaranty Agreement and the other Loan
Documents to which each Guarantor is a party is a material inducement to the Agent and the Lenders in 

  
 GUARANTY AGREEMENT, Page
8 

 
entering into the Credit Agreement and continuing to extend credit thereunder. Each Guarantor hereby acknowledges that there are no conditions to the full effectiveness of this Guaranty Agreement
or any other Loan Document to which it is a party other than as may be set forth herein or in the other Loan Documents. 
 17. Any notice or
demand to any Guarantor under or in connection with this Guaranty Agreement or any other Loan Document to which it is a party shall be deemed effective if given to the Guarantor (care of the Parent Borrower) in accordance with the notice provisions
in the Credit Agreement. 
 18. Except as otherwise specifically provided in the Credit Agreement, each Guarantor hereby waives promptness,
diligence, notice of any default under the Guaranteed Indebtedness, demand of payment, notice of acceptance of this Guaranty Agreement, presentment, notice of protest, notice of dishonor, notice of the incurring by any Borrower of additional
indebtedness, and all other notices and demands with respect to the Guaranteed Indebtedness and this Guaranty Agreement. 
 19. THIS
GUARANTY AGREEMENT, TOGETHER WITH ANY SUBSIDIARY JOINDER AGREEMENT, EMBODIES THE FINAL, ENTIRE AGREEMENT OF EACH GUARANTOR, THE AGENT AND THE OTHER GUARANTEED SECURED PARTIES WITH RESPECT TO EACH GUARANTOR’S GUARANTY OF THE GUARANTEED
INDEBTEDNESS AND SUPERSEDES ANY AND ALL PRIOR COMMITMENTS, AGREEMENTS, REPRESENTATIONS, AND UNDERSTANDINGS, WHETHER WRITTEN OR ORAL, RELATING TO THE SUBJECT MATTER HEREOF. THIS GUARANTY AGREEMENT, TOGETHER WITH ANY SUBSIDIARY JOINDER AGREEMENT, IS
INTENDED BY EACH GUARANTOR, THE AGENT AND THE OTHER GUARANTEED SECURED PARTIES AS A FINAL AND COMPLETE EXPRESSION OF THE TERMS OF THE GUARANTY AGREEMENT, AND NO COURSE OF DEALING AMONG ANY GUARANTOR, AGENT AND ANY OTHER GUARANTEED SECURED PARTY, NO
COURSE OF PERFORMANCE, NO TRADE PRACTICES, AND NO EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OR DISCUSSIONS OR OTHER EXTRINSIC EVIDENCE OF ANY NATURE SHALL BE USED TO CONTRADICT, VARY, SUPPLEMENT OR MODIFY ANY TERM OF THIS
GUARANTY AGREEMENT. THERE ARE NO ORAL AGREEMENTS AMONG ANY GUARANTOR, THE AGENT AND ANY OTHER SECURED PARTY. 
 20. This Guaranty
Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed
counterpart of a signature page of (x) this Guaranty Agreement, (y) any other Loan Document and/or (z) any document, amendment, approval, consent, information, notice, certificate, request, statement, disclosure or authorization
related to this Guaranty Agreement, any other Loan Document and/or the transactions contemplated hereby and/or thereby (each an “Ancillary Document”) that is an electronic symbol, or process attached to, or associated with, a
contract or other record and adopted by a Person with the intent to sign, authenticate or accept such contract or record (each an “Electronic Signature”) transmitted by telecopy, emailed pdf. or any other electronic means that
reproduces an image of an actual executed signature page shall be effective as delivery of a manually executed counterpart of this Guaranty Agreement, such other Loan Document or such Ancillary Document, as applicable. The words
“execution,” “signed,” “signature,” “delivery,” and words of like import in or relating to this Guaranty Agreement, any other Loan Document and/or any Ancillary Document shall be deemed to include Electronic
Signatures, deliveries or the keeping of records in any electronic form (including deliveries by telecopy, emailed pdf. or any other electronic means that reproduces an image of an actual executed signature page), each of which shall be of the same
legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be; provided that nothing herein shall require the Administrative Agent to
accept Electronic Signatures in any form or format without its prior written consent 

  
 GUARANTY AGREEMENT, Page
9 

 
and pursuant to procedures approved by it; provided, further, without limiting the foregoing, (i) to the extent the Administrative Agent has agreed to accept any Electronic
Signature, (A) the Administrative Agent and each of the Lenders shall be entitled to rely on such Electronic Signature purportedly given by or on behalf of any Borrower or any other Loan Party without further verification thereof and without
any obligation to review the appearance or form of any such Electronic Signature and (B) the Loan Parties shall be entitled to rely on such Electronic Signature purportedly given on behalf of the Administrative Agent, any Lender, any Swingline
Lender or any Issuing Bank without further verification thereof and without any obligation to review the appearance or form of any such Electronic Signature and (ii) upon the request of any Loan Party, the Administrative Agent or any Lender,
any Electronic Signature shall be promptly followed by a manually executed counterpart. Without limiting the generality of the foregoing, (i) the Guarantors, the Administrative Agent, the Lenders and any holder of the Obligations, by their
acceptance of the benefits of this Guaranty Agreement, hereby agree that, for all purposes, including without limitation, in connection with any workout, restructuring, enforcement of remedies, bankruptcy proceedings or litigation among the
Administrative Agent, the Lenders, the Borrowers and the Loan Parties, Electronic Signatures transmitted by telecopy, emailed pdf. or any other electronic means that reproduces an image of an actual executed signature page and/or any electronic
images of this Guaranty Agreement, any other Loan Document and/or any Ancillary Document shall have the same legal effect, validity and enforceability as any paper original and (ii) each other party hereto or to any Loan Document and/or
Ancillary Document may, at its option, create one or more copies of this Guaranty Agreement, any other Loan Document and/or any Ancillary Document in the form of an imaged electronic record in any format, which shall be deemed created in the
ordinary course of such Person’s business, and destroy the original paper document (and all such electronic records shall be considered an original for all purposes and shall have the same legal effect, validity and enforceability as a paper
record). 
 21. This Guaranty Agreement shall be governed by, and construed in accordance with, the laws of the State of New York. 

22. EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION OF ANY
FEDERAL OR STATE COURT LOCATED IN THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO ANY LOAN DOCUMENT (EXCLUDING THE ENFORCEMENT OF THE SECURITY
DOCUMENTS TO THE EXTENT SUCH SECURITY DOCUMENTS EXPRESSLY PROVIDE OTHERWISE), OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF SUCH PARTIES HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH
ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE OR, TO THE EXTENT PERMITTED BY LAW, IN SUCH FEDERAL COURT. EACH OF SUCH PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY
BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. 
 23. Keepwell. Each Qualified
Keepwell Provider hereby jointly and severally absolutely, unconditionally, and irrevocably undertakes to provide such funds or other support as may be needed from time to time by each other Loan Party to honor all of its obligations under this
guarantee in respect of any Swap Obligation (provided, however, that each Qualified Keepwell Provider shall only be liable under this Section 23 for the maximum amount of such liability that can be hereby
incurred without rendering its obligations under this Section 23, or otherwise under this guarantee, voidable under applicable law relating to fraudulent conveyance or fraudulent transfer or under any other local law
limitation set forth in any applicable Subsidiary Joinder Agreement, and not for any greater amount). The obligations of each Qualified Keepwell Provider under this Section 23 shall remain in full force and effect until the
Date of 

  
 GUARANTY AGREEMENT, Page
10 

 
Full Satisfaction. Each Qualified Keepwell Provider intends that this Section 23 constitute, and this Section 23 shall be deemed to constitute,
a “keepwell, support, or other agreement” for the benefit of each other Loan Party for all purposes of section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 

24. EACH GUARANTOR SHALL INDEMNIFY THE ADMINISTRATIVE AGENT, THE ISSUING BANK AND EACH LENDER, AND EACH RELATED PARTY OF ANY OF THE FOREGOING
PERSONS (EACH SUCH PERSON BEING CALLED AN “INDEMNITEE”) AGAINST, AND HOLD EACH INDEMNITEE HARMLESS FROM, ANY AND ALL LOSSES, CLAIMS, DAMAGES, LIABILITIES AND RELATED EXPENSES, INCLUDING THE FEES, CHARGES AND DISBURSEMENTS OF ANY
COUNSEL FOR ANY INDEMNITEE (LIMITED TO ONE COUNSEL TO THE INDEMNITEES, TAKEN AS A WHOLE, AND ONE ADDITIONAL COUNSEL IN EACH JURISDICTION IN WHICH ANY COLLATERAL IS LOCATED OR ANY PROCEEDINGS ARE HELD AND, IN THE CASE OF AN ACTUAL OR PERCEIVED
CONFLICT OF INTEREST, ONE ADDITIONAL COUNSEL TO THE INDEMNITEES, TAKEN AS A WHOLE), INCURRED BY OR ASSERTED AGAINST ANY INDEMNITEE ARISING OUT OF, IN CONNECTION WITH, OR AS A RESULT OF (I) THE SYNDICATION OF THE COMMITMENTS OR THE LOANS, THE
EXECUTION OR DELIVERY OF ANY LOAN DOCUMENT OR ANY OTHER AGREEMENT OR INSTRUMENT CONTEMPLATED HEREBY, THE PERFORMANCE BY THE PARTIES TO THE LOAN DOCUMENTS OF THEIR RESPECTIVE OBLIGATIONS THEREUNDER OR THE CONSUMMATION OF THE TRANSACTIONS, ANY OTHER
ACQUISITION PERMITTED UNDER THE CREDIT AGREEMENT OR ANY OTHER TRANSACTIONS CONTEMPLATED THEREBY, (II) ANY LOAN OR LETTER OF CREDIT OR THE USE OF THE PROCEEDS THEREFROM (INCLUDING ANY REFUSAL BY THE ISSUING BANK TO HONOR A DEMAND FOR PAYMENT
UNDER A LETTER OF CREDIT IF THE DOCUMENTS PRESENTED IN CONNECTION WITH SUCH DEMAND DO NOT STRICTLY COMPLY WITH THE TERMS OF SUCH LETTER OF CREDIT), (III) ANY ACTUAL OR ALLEGED PRESENCE OR RELEASE OF HAZARDOUS MATERIALS ON OR FROM ANY PROPERTY
CURRENTLY OR FORMERLY OWNED OR OPERATED BY THE PARENT BORROWER OR ANY OF ITS SUBSIDIARIES, OR ANY ENVIRONMENTAL LIABILITY RELATED IN ANY WAY TO THE PARENT BORROWER OR ANY OF ITS SUBSIDIARIES, OR (IV) ANY ACTUAL OR PROSPECTIVE CLAIM, LITIGATION,
INVESTIGATION, ACTION, SUIT, ARBITRATION OR ADMINISTRATIVE, JUDICIAL OR REGULATORY ACTION OR PROCEEDING IN ANY JURISDICTION RELATING TO ANY OF THE FOREGOING (EACH, A “PROCEEDING”), WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY
AND REGARDLESS OF WHETHER OR NOT SUCH PROCEEDING IS BROUGHT BY A GUARANTOR OR ITS RESPECTIVE AFFILIATES, CREDITORS OR ANY OTHER PERSON; PROVIDED THAT SUCH INDEMNITY SHALL NOT, AS TO ANY INDEMNITEE, BE AVAILABLE TO THE EXTENT THAT SUCH LOSSES,
CLAIMS, DAMAGES, LIABILITIES OR RELATED EXPENSES RESULTED FROM THE GROSS NEGLIGENCE, BAD FAITH OR WILLFUL MISCONDUCT OF, OR A MATERIAL BREACH OF ANY OBLIGATION UNDER THE LOAN DOCUMENTS BY, SUCH INDEMNITEE AS DETERMINED BY A FINAL, NON-APPEALABLE JUDGMENT OF A COURT OF COMPETENT JURISDICTION OR ANY DISPUTE SOLELY AMONG THE INDEMNITEES (OTHER THAN A COMMITMENT PARTY, AN ARRANGER OR THE ADMINISTRATIVE AGENT ACTING IN THEIR RESPECTIVE CAPACITY AS
SUCH) AND NOT ARISING OUT OF ANY ACT OR OMISSION OF THE PARENT BORROWER OR ANY OF ITS AFFILIATES OR RELATED TO THE PRESENCE OR RELEASE OF HAZARDOUS MATERIALS OR VIOLATIONS OF ENVIRONMENTAL LAWS THAT FIRST OCCUR AT A PROPERTY OWNED OR LEASED BY
PARENT BORROWER OR ITS SUBSIDIARIES AFTER SUCH PROPERTY IS TRANSFERRED TO AN INDEMNITEE OR ITS SUCCESSORS OR ASSIGNS BY WAY OF A FORECLOSURE, DEED–IN–LIEU OF FORECLOSURE OR SIMILAR TRANSFER. NOTWITHSTANDING THE FOREGOING, EACH INDEMNITEE
SHALL BE OBLIGATED TO REFUND AND RETURN ANY AND ALL AMOUNTS PAID BY THE GUARANTORS OR ANY OTHER LOAN PARTY UNDER THIS PARAGRAPH TO SUCH INDEMNITEE FOR ANY SUCH FEES, EXPENSES OR DAMAGES TO THE EXTENT SUCH INDEMNITEE IS NOT ENTITLED TO PAYMENT OF
SUCH AMOUNT IN ACCORDANCE WITH THE TERMS HEREOF. 

  
 GUARANTY AGREEMENT, Page
11 

 25. Notwithstanding any other provision contained herein or in any other Loan Document, if a
“secured creditor” (as that term is defined under the Bankruptcy and Insolvency Act (Canada) (the “BIA”) is determined by a court of competent jurisdiction not to include a Person to whom obligations are owed on a joint or
joint and several basis, then each Canadian Loan Party’s Obligations, to the extent such Obligations are secured, shall be several obligations and not joint or joint and several obligations. 

26. Each Guarantor hereby irrevocably and unconditionally undertakes to pay to the Administrative Agent as creditor in its own right and not
as representative of the other Secured Parties, its Parallel Debt (as defined in the Credit Agreement). Section 10.19 (Parallel Debt (Covenant to pay the Administrative Agent)) of the Credit Agreement is incorporated herein by reference and
shall be deemed to be part of the Guaranty Agreement and the terms thereof shall constitute valid and binding agreements of the Guarantor, enforceable against the Guarantor. For the avoidance of doubt, this is the section referred to as section 24
in the definition of “Secured Obligations” in the Security Documents governed by the law of the Netherlands. 
 27. Effective as
of the Sixth Amendment Date, each Existing Guarantor that is not a party to this Guaranty Agreement on the Sixth Amendment Effective Date (each, a “Released Guarantor”) is irrevocably and forever discharged from all obligations of
such Released Guarantor under the Existing Guaranty Agreement and as a Loan Party under each Loan Document to which such Released Guarantor was a party prior to the Sixth Amendment Date, and any Lien of the Agent on the assets of such Released
Guarantor, solely to the extent such Lien was granted pursuant to the Loan Documents prior to the Sixth Amendment Date, shall be immediately released, in each case, without any further act of the Agent, the Lenders or any other Person and such
Released Guarantor shall be hereby released from liability therefor and no future liability shall arise with respect to such released guarantee and Liens of such Released Guarantor hereunder. The Agent agrees to make any applicable release filing
and/or execute and deliver any additional release documentation, to the extent reasonably requested by the Borrowers or Released Guarantors, as may be necessary to effect the release and discharge granted under this
Section 27. 
 28. Except as expressly set forth in Section 27 of this Guaranty
Agreement, (a) all obligations created by the Existing Guaranty Agreement are continued in full force and effect under this Guaranty Agreement, (b) the Existing Guaranty Agreement remains in full force and effect as amended by this
Guaranty Agreement, (c) this Guaranty Agreement shall not extinguish the obligations for the payment of money outstanding under the Existing Guaranty Agreement, (d) nothing herein contained shall be construed as a substitution or novation
of the obligations outstanding under the Existing Guaranty Agreement or a novation of the Existing Guaranty Agreement, (e) the obligations outstanding under the Existing Guaranty Agreement shall remain in full force and effect, except to any
extent expressly modified hereby and (f) nothing implied in this Guaranty Agreement or in any other document contemplated hereby shall be construed as a release or other discharge of any Guarantor from any of its obligations and liabilities as
a guarantor under this Guaranty. With respect to the Security Documents governed by the law of the Netherlands and with respect to the Security Documents governed by German law, each Guarantor affirms and confirms that (i) it was its intention
at the time of entering into such Security Documents (and it is still its intention and agreement with the Administrative Agent) that the security rights created pursuant to such Security Document secure the Obligations as amended, restated, amended
and restated and/or supplemented from time to time including by way of the Sixth Amendment and (ii) that any amount owed by the Loan Parties under the Credit Agreement as amended by and in accordance with the Sixth Amendment are part of the
definition of “Secured Obligations” (as defined in such Security Documents). 
 [signature pages to follow] 

  
 GUARANTY AGREEMENT, Page
12 

 EXECUTED as of the first date written above. 

 

			
	GUARANTORS:
	DARLING INGREDIENTS INC.
		
	By:	 	/s/ Martijn van Steenpaal
	Name:	 	Martijn van Steenpaal
	Title:	 	Vice President and Treasurer

  

			
	CRAIG PROTEIN DIVISION, INC.
		
	By:	 	/s/ Martijn van Steenpaal
	Name:	 	Martijn van Steenpaal
	Title:	 	Vice President and Treasurer

  

			
	DARLING GLOBAL HOLDINGS INC.
		
	By:	 	/s/ Martijn van Steenpaal
	Name:	 	Martijn van Steenpaal
	Title:	 	Vice President and Treasurer

  

			
	DARLING NATIONAL LLC
		
	By:	 	/s/ Martijn van Steenpaal
	Name:	 	Martijn van Steenpaal
	Title:	 	Vice President and Treasurer

  

			
	GRIFFIN INDUSTRIES LLC
		
	By:	 	/s/ Martijn van Steenpaal
	Name:	 	Martijn van Steenpaal
	Title:	 	Vice President and Treasurer

  
 [Signature Page to Third
Amended and Restated Guaranty Agreement] 

 
			
	ROUSSELOT INC.
		
	By:	 	/s/ Martijn van Steenpaal
	Name:	 	Martijn van Steenpaal
	Title:	 	Vice President and Treasurer

  

			
	ROUSSELOT DUBUQUE INC. 
		
	By:	 	/s/ Martijn van Steenpaal
	Name:	 	Martijn van Steenpaal
	Title:	 	Vice President and Treasurer

  

			
	ROUSSELOT PEABODY INC.
		
	By:	 	/s/ Martijn van Steenpaal
	Name:	 	Martijn van Steenpaal
	Title:	 	Vice President and Treasurer

  

			
	SONAC USA LLC
		
	By:	 	/s/ Martijn van Steenpaal
	Name:	 	Martijn van Steenpaal
	Title:	 	Vice President and Treasurer

  

			
	DARLING INTERNATIONAL CANADA INC.
		
	By:	 	/s/ Martijn van Steenpaal
	Name:	 	Martijn van Steenpaal
	Title:	 	Vice President and Treasurer

  
 [Signature Page to Third
Amended and Restated Guaranty Agreement] 

 
			
	DARLING INTERNATIONAL NL HOLDINGS B.V.
		
	By:	 	/s/ Martijn van Steenpaal
	Name:	 	Martijn van Steenpaal
	Title:	 	Authorized Signatory

  

			
	DARLING INGREDIENTS INTERNATIONAL HOLDING B.V.
		
	By:	 	/s/ Martijn van Steenpaal
	Name:	 	Martijn van Steenpaal
	Title:	 	Authorized Signatory

  

			
	DARLING INTERNATIONAL NETHERLANDS B.V.
		
	By:	 	/s/ Martijn van Steenpaal
	Name:	 	Martijn van Steenpaal
	Title:	 	Authorized Signatory

  

			
	DARLING INGREDIENTS NEDERLAND HOLDING B.V.
		
	By:	 	/s/ Martijn van Steenpaal
	Name:	 	Martijn van Steenpaal
	Title:	 	Authorized Signatory

  
 [Signature Page to Third
Amended and Restated Guaranty Agreement] 

 
			
	DARLING INGREDIENTS GERMANY HOLDING GMBH
		
	By:	 	/s/ Martijn van Steenpaal
	Name:	 	Martijn van Steenpaal
	Title:	 	Authorized Representative

  

			
	DARLING INGREDIENTS BELGIUM HOLDING B.V.
		
	By:	 	/s/ Martijn van Steenpaal
	Name:	 	Martijn van Steenpaal
	Title:	 	Special Proxyholder

  
 [Signature Page to Third
Amended and Restated Guaranty Agreement] 

 
			
	 AGENT:
 JPMORGAN CHASE BANK,
N.A.,
 as Agent for the Secured Parties

		
	By:	 	/s/ Alexander Vardaman
	Name:	 	Alexander Vardaman
	Title:	 	Authorized Signatory

  
 [Signature Page to Third
Amended and Restated Guaranty Agreement] 

 SUBSIDIARY JOINDER AGREEMENT 

This SUBSIDIARY JOINDER AGREEMENT (the “Agreement”) dated as of ____________________, ____ is executed by the undersigned
(the “Guarantor”) for the benefit of JPMORGAN CHASE BANK, N.A., in its capacity as agent for the Guaranteed Secured Parties (in such capacity herein, the “Agent”) and for the benefit of such Guaranteed Secured
Parties in connection with that certain Third Amended and Restated Guaranty Agreement dated as of September 18, 2020 among the Agent, DARLING INGREDIENTS INC. (the “Parent Borrower”) and the Subsidiary Loan Parties party
thereto (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Guaranty Agreement”, and capitalized terms not otherwise defined herein being used herein as defined in the Guaranty
Agreement). 
 The Guarantor is a newly formed, established or acquired Restricted Subsidiary and is required to execute this Agreement
pursuant to the terms of the Credit Agreement. 
 NOW THEREFORE, in consideration of the premises and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Guarantor hereby agrees as follows: 
 The Guarantor hereby assumes all
the obligations of a “Guarantor” under the Guaranty Agreement and agrees that from and after the date hereof it is a “Guarantor” and bound as a “Guarantor” under the terms of the Guaranty Agreement as if it had been an
original signatory thereto. In accordance with the forgoing and for valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Guarantor irrevocably and unconditionally guarantees to the Agent and the Guaranteed Secured
Parties the full and prompt payment and performance of the Guaranteed Indebtedness upon the terms and conditions set forth in the Guaranty Agreement. 

The Guarantor represents and warrants to the Agent and the Lenders that the representations and warranties in Section 3.01, 3.02 and 3.03
of the Credit Agreement to the extent relating to it are true and correct in all material respects as of the date hereof. 
 [INSERT
ADDITIONAL LOCAL LAW GUARANTEE LIMITATIONS TO THE EXTENT APPLICABLE]1 
 This Agreement
shall be deemed to be part of, and a modification to, the Guaranty Agreement and shall be governed by all the terms and provisions of the Guaranty Agreement, which terms are incorporated herein by reference, are ratified and confirmed and shall
continue in full force and effect as valid and binding agreements of the Guarantor, enforceable against the Guarantor. The Guarantor hereby waives notice of the Agent’s or any Lender’s acceptance of this Agreement. 

This Agreement shall be governed by, and construed in accordance with, the laws of the State of New York. 

THE UNDERSIGNED HEREBY IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION OF ANY FEDERAL OR
STATE COURT LOCATED IN THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO ANY LOAN DOCUMENT (EXCLUDING THE ENFORCEMENT OF THE SECURITY DOCUMENTS TO
THE EXTENT SUCH SECURITY 
  

	1 	 To the extent the jurisdiction of formation of the Guarantor requires additional guarantee limitations, the
Guarantor and the Agent shall negotiate such provisions in good faith at the time of entry into such guaranty supplement. 

  
 Page 18 

 
DOCUMENTS EXPRESSLY PROVIDE OTHERWISE), OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF SUCH PARTIES HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT
OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE OR, TO THE EXTENT PERMITTED BY LAW, IN SUCH FEDERAL COURT. THE UNDERSIGNED 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. 
 The Guarantor hereby irrevocably and
unconditionally undertakes to pay to the Administrative Agent as creditor in its own right and not as representative of the other Secured Parties, its Parallel Debt (as defined in the Credit Agreement). Section 10.19 (Parallel Debt (Covenant to
pay the Administrative Agent)) of the Credit Agreement is incorporated herein by reference and shall be deemed to be part of the Guaranty Agreement and the terms thereof shall constitute valid and binding agreements of the Guarantor, enforceable
against the Guarantor. 

  
 Page 19 

 IN WITNESS WHEREOF, the Guarantor has executed this Agreement as of the day and year first
written above. 
  

			
	[GUARANTOR]
		
	By:	 	 
		 	Name:
		 	Title:

  
 Page 20

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