Document:

EX-10.3

 Exhibit 10.3 

EXECUTION VERSION 
  

 
  

CANADIAN GUARANTEE AND COLLATERAL AGREEMENT 

made by 
 UNISOURCE CANADA, INC.

 and 
 the Canadian
Guarantors, 
 in favour of 

BANK OF AMERICA, N.A., 
 as
Administrative Agent and as ABL Collateral Agent 
 Dated as of July 1, 2014 

 
  

 

 TABLE OF CONTENTS 
  

							
	 	 	 	  	Page	 
	 SECTION 1
	 	DEFINED TERMS	  	 	2	  
	 1.1
	 	Definitions	  	 	2	  
	 1.2
	 	Other Definitional Provisions	  	 	9	  
			
	 SECTION 2
	 	GUARANTEE	  	 	10	  
	 2.1
	 	Guarantee	  	 	10	  
	 2.2
	 	Right of Contribution	  	 	11	  
	 2.3
	 	No Subrogation	  	 	11	  
	 2.4
	 	Amendments, etc. with Respect to the Obligations	  	 	12	  
	 2.5
	 	Guarantee Absolute and Unconditional	  	 	12	  
	 2.6
	 	Reinstatement	  	 	14	  
	 2.7
	 	Payments	  	 	14	  
			
	 SECTION 3
	 	GRANT OF SECURITY INTEREST	  	 	14	  
	 3.1
	 	Grant	  	 	14	  
	 3.2
	 	Pledged Collateral	  	 	15	  
	 3.3
	 	Certain Limited Exceptions	  	 	15	  
			
	 SECTION 4
	 	REPRESENTATIONS AND WARRANTIES	  	 	18	  
	 4.1
	 	Representations and Warranties of Each Canadian Guarantor	  	 	18	  
	 4.2
	 	Representations and Warranties of Each Canadian Grantor	  	 	19	  
	 4.3
	 	Representations and Warranties of Each Canadian Pledgor	  	 	22	  
	 4.4
	 	Representations and Warranties of Each Canadian Granting Party	  	 	23	  
			
	 SECTION 5
	 	COVENANTS	  	 	23	  
	 5.1
	 	Covenants of Each Canadian Guarantor	  	 	23	  
	 5.2
	 	Covenants of Each Canadian Grantor	  	 	23	  
	 5.3
	 	Covenants of Each Canadian Pledgor	  	 	27	  
			
	 SECTION 6
	 	REMEDIAL PROVISIONS	  	 	29	  
	 6.1
	 	Certain Matters Relating to Accounts	  	 	29	  
	 6.2
	 	Communications with Obligors; Canadian Grantors Remain Liable	  	 	30	  
	 6.3
	 	Pledged Stock	  	 	31	  
	 6.4
	 	Proceeds to Be Turned Over to the ABL Collateral Agent	  	 	32	  
	 6.5
	 	Application of Proceeds	  	 	32	  
	 6.6
	 	PPSA and Other Remedies	  	 	32	  
	 6.7
	 	Registration Rights	  	 	34	  
	 6.8
	 	Waiver; Deficiency	  	 	35	  
			
	 SECTION 7
	 	THE ABL COLLATERAL AGENT	  	 	35	  
	 7.1
	 	ABL Collateral Agent’s Appointment as Attorney-in-Fact, etc.	  	 	35	  
	 7.2
	 	Duty of ABL Collateral Agent	  	 	37	  
	 7.3
	 	Financing Statements	  	 	37	  
	 7.4
	 	Authority of ABL Collateral Agent	  	 	38	  
	 7.5
	 	Right of Inspection	  	 	38	  

  
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	 	 	 	  	Page	 
			
	 SECTION 8
	 	NON-LENDER SECURED PARTIES	  	 	38	  
	 8.1
	 	Rights to Collateral	  	 	38	  
	 8.2
	 	Appointment of Agent	  	 	39	  
	 8.3
	 	Waiver of Claims	  	 	40	  
	 8.4
	 	Designation of Non-Lender Secured Parties	  	 	40	  
			
	 SECTION 9
	 	MISCELLANEOUS	  	 	40	  
	 9.1
	 	Amendments in Writing	  	 	40	  
	 9.2
	 	Notices	  	 	41	  
	 9.3
	 	No Waiver by Course of Conduct; Cumulative Remedies	  	 	41	  
	 9.4
	 	Enforcement Expenses; Indemnification	  	 	41	  
	 9.5
	 	Successors and Assigns	  	 	42	  
	 9.6
	 	Set-Off	  	 	42	  
	 9.7
	 	Counterparts	  	 	42	  
	 9.8
	 	Severability	  	 	42	  
	 9.9
	 	Section Headings	  	 	42	  
	 9.10
	 	Integration	  	 	43	  
	 9.11
	 	GOVERNING LAW	  	 	43	  
	 9.12
	 	Submission to Jurisdiction; Waivers	  	 	43	  
	 9.13
	 	Acknowledgments	  	 	44	  
	 9.14
	 	WAIVER OF JURY TRIAL	  	 	44	  
	 9.15
	 	Additional Canadian Granting Parties	  	 	44	  
	 9.16
	 	Releases	  	 	44	  
	 9.17
	 	Judgment	  	 	46	  
	 9.18
	 	Canadian Amalgamation	  	 	46	  
	 9.19
	 	Language	  	 	46	  
	 9.20
	 	No Implicit Subordination	  	 	47	  
	 9.21
	 	Paramountcy	  	 	47	  

  

					
	SCHEDULES
			
	 1
	 	    Notice Addresses of Canadian Granting Parties	  	
	 2
	 	    Pledged Securities	  	
	 3
	 	    Perfection Matters	  	
	 4A
	 	    Financing Statement Jurisdictions	  	
	 4B
	 	    Granting Party Information	  	
	 5
	 	    Intellectual Property	  	
	
	 ANNEXES

			
	 1
	 	    Acknowledgment and Consent of Issuers who are not Canadian Granting Parties	  	
	 2
	 	    Assumption Agreement	  	
	 3
	 	    Supplemental Agreement	  	

  
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 CANADIAN GUARANTEE AND COLLATERAL AGREEMENT 

CANADIAN GUARANTEE AND COLLATERAL AGREEMENT, dated as of July 1, 2014, made by UNISOURCE CANADA, INC., a Canadian amalgamated corporation
(the “Canadian Borrower”), and certain Canadian Subsidiaries of the Parent Borrower (as described below) from time to time party hereto (the “Canadian Guarantors”), in favour of BANK OF AMERICA, N.A., as ABL
Collateral Agent (in such capacity, the “ABL Collateral Agent”) and administrative agent (in such capacity, the “Administrative Agent”) for the banks and other financial institutions from time to time party to the
ABL Credit Agreement (as described below). 
 W I T N E S S E T H: 

WHEREAS, pursuant to that certain ABL Credit Agreement, dated as of the date hereof (as amended, waived, supplemented or otherwise modified
from time to time, together with any agreement extending the maturity of, or restructuring, refunding, refinancing or increasing the Indebtedness under such agreement or any successor agreements, the “ABL Credit Agreement”), among
Veritiv Corporation (“Holding”), xpedx Intermediate, LLC (the “Parent Borrower”), xpedx, LLC (the “OpCo Borrower”), the several Subsidiary Borrowers that are or may become parties thereto, including
the Canadian Borrower (together with Holding, the Parent Borrower and the OpCo Borrower, the “Borrowers”), the Administrative Agent and the ABL Collateral Agent and the other parties party thereto, the Lenders (as defined in the ABL
Credit Agreement) have severally agreed to make extensions of credit to the Borrowers upon the terms and subject to the conditions set forth therein; 

WHEREAS, the Canadian Borrower is a member of an affiliated group of companies that includes the Canadian Borrower and the Parent
Borrower’s other Canadian Subsidiaries that are party hereto and any other Canadian Subsidiaries of the Parent Borrower (other than any Excluded Subsidiary (as defined in the ABL Credit Agreement)) that becomes a party hereto from time to time
after the date hereof (such Canadian Subsidiaries together with the Canadian Borrower, collectively, the “Canadian Granting Parties”); 

WHEREAS, the proceeds of the extensions of credit under the ABL Credit Agreement will be used in part to enable the Canadian Borrower to make
valuable transfers to one or more of the other Canadian Granting Parties in connection with the operation of their respective businesses; 

WHEREAS, the Canadian Borrower and the other Canadian Granting Parties are engaged in related businesses, and each such Canadian Granting
Party will derive substantial direct and indirect benefit from the making of the extensions of credit under the ABL Credit Agreement; and 

WHEREAS, it is a condition to the obligation of the Lenders to make their respective extensions of credit under the ABL Credit Agreement that
the Canadian Granting Parties shall execute and deliver this Agreement to the ABL Collateral Agent for the benefit of the Secured Parties. 

NOW, THEREFORE, in consideration of the premises and to induce the Administrative Agent, the ABL Collateral Agent and the Lenders to enter
into the ABL Credit Agreement and to induce the Lenders to make their respective extensions of credit to the Canadian Borrower thereunder, each Canadian Granting Party hereby agrees with the Administrative Agent and the ABL Collateral Agent, for the
benefit of the Secured Parties (as defined herein), as follows: 

 SECTION 1 DEFINED TERMS 

1.1 Definitions. 
 (a)
Unless otherwise defined herein, terms defined in the ABL Credit Agreement and used herein shall have the meanings given to them in the ABL Credit Agreement, and the following terms that are defined in the PPSA (as defined below and in effect on the
date hereof) are used herein as so defined: Certificated Security, Chattel Paper, Consumer Goods, Document of Title, Equipment, Goods, Intangibles, Investment Property, Money, Proceeds, Securities Account, Securities Intermediary, Security, Security
Certificate, Security Entitlement and Uncertificated Security. 
 (b) The following terms shall have the following meanings: 

“ABL Collateral Agent”: as defined in the preamble hereto. 

“ABL Credit Agreement”: as defined in the recitals hereto. 

“Accounts”: all accounts (as defined in the PPSA) of each Canadian Grantor, including, without limitation, all Accounts (as
defined in the ABL Credit Agreement) and Accounts Receivable of such Canadian Grantor. 
 “Accounts Receivable”: any right
to payment, whether or not earned by performance, for goods sold, leased, licensed, assigned or otherwise disposed, or for services rendered or to be rendered, which is not evidenced by an Instrument or Chattel Paper. 

“Additional Agent”: any administrative agent, collateral agent, security agent, trustee or other representative, in each case
including any successor thereto, for or of any one or more secured parties in respect of any Incurrence of Indebtedness (including under subsection 8.1(a) of the ABL Credit Agreement) that is permitted by the ABL Credit Agreement to be secured by a
Lien on the Security Collateral. 
 “Adjusted Net Worth”: of any Canadian Guarantor at any time, the greater of
(x) $0 and (y) the amount by which the fair saleable value of such Canadian Guarantor’s assets on the date of the respective payment hereunder exceeds its debts and other liabilities (including contingent liabilities,
but without giving effect to any of its obligations under this Agreement or any other Loan Document). 
 “Administrative
Agent”: as defined in the preamble hereto. 
 “Agreement”: this Canadian Guarantee and Collateral Agreement, as
the same may be amended, supplemented, waived or otherwise modified from time to time. 
 “Applicable Law”: as defined in
subsection 9.8. 
 “Bank Products Affiliate”: shall mean any Person who (i) has entered into a Bank
Products Agreement with a Canadian Grantor with the obligations of such Canadian Grantor thereunder being secured by one or more Loan Documents, (ii) was an Agent, a Lender or an Affiliate or branch of a Lender on the date hereof, or at
the time of entry into such Bank Products Agreement, or on the date hereof, or at the time of the designation referred to in the following clause (iii) and (iii) has been designated by the Parent Borrower for and on behalf of
the Canadian Borrower in accordance with subsection 8.4. 

  
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 “Bank Products Agreement”: any agreement pursuant to which a bank or other
financial institution agrees to provide (i) treasury services, (ii) credit card, merchant card, purchasing card or stored value card services (including, without limitation, processing and other administrative services with
respect thereto), (iii) cash management services (including, without limitation, controlled disbursements, credit cards, credit card processing services, automated clearinghouse transactions, return items, netting, overdrafts,
depository, lockbox, stop payment, electronic funds transfer, information reporting, wire transfer and interstate depository network services) and (iv) other similar banking products or services as may be requested by any Canadian
Grantor (other than letters of credit and other than loans except indebtedness arising from services described in clauses (i) through (iii) of this definition). 

“Bankruptcy Case”: (i) Holding or any of its Subsidiaries commencing any case, proceeding or other action
(A) under any existing or future law of any jurisdiction, domestic or foreign, relating to bankruptcy, insolvency, reorganization, conservatorship, arrangement or relief of debtors, seeking to have an order for relief entered with
respect to it, or seeking to adjudicate it a bankrupt or insolvent, or seeking reorganization, arrangement, adjustment, winding-up, liquidation, dissolution, composition or other relief with respect to it or
its debts, or (B) seeking appointment of a receiver, trustee, custodian, conservator, interim receiver, monitor or other similar official for it or for all or any substantial part of its assets, or Holding or any of its Subsidiaries
making a general assignment for the benefit of its creditors; or (ii) there being commenced against Holding or any of its Subsidiaries any case, proceeding or other action of a nature referred to in clause (i) above which
(A) results in the entry of an order for relief or any such adjudication or appointment or (B) remains undismissed, undischarged or unbonded for a period of 60 days. 

“Borrower”: as defined in the recitals hereto. 

“Borrower Obligations”: with respect to the Canadian Borrower, the collective reference to all obligations and liabilities of
the Canadian Borrower in respect of the unpaid principal of and interest on (including, without limitation, interest and fees accruing after the maturity of the Canadian Facility Revolving Credit Loans and Reimbursement Obligations with respect to
Canadian Facility Letters of Credit and interest and fees accruing after (or that would accrue but for) the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to the Canadian
Borrower, whether or not a claim for post-filing or post-petition interest or fees is allowed in such proceeding) the Canadian Facility Revolving Credit Loans and Reimbursement Obligations with respect to Canadian Facility Letters of Credit, and all
other obligations and liabilities of the Canadian Borrower to the Secured Parties, whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with,
the ABL Credit Agreement, the Canadian Facility Revolving Credit Loans, the Canadian Facility Letters of Credit, this Agreement, the other Loan Documents, any Hedging Agreement entered into with any Hedging Affiliate or any Bank Products Agreement
entered into with any Bank Products Affiliate, in each case whether on account of principal, interest, reimbursement obligations, amounts payable in connection with any such Bank Products Agreement or termination of any transaction entered into
pursuant to any such Interest Rate Agreement, fees, indemnities, costs, expenses or otherwise (including, without limitation, all reasonable fees, expenses and disbursements of counsel to the Administrative Agent or any other Secured Party that are
required to be paid by the Canadian Borrower pursuant to the terms of the ABL Credit Agreement or any other Loan Document). With respect to any Canadian Guarantor, if and to the extent, under the Commodity Exchange Act or any rule, regulation or
order of the CFTC (or the application or official interpretation of any thereof), all or a portion of the guarantee of such Canadian Guarantor of, or the grant by such Canadian Guarantor of a security interest for, the obligation (the
“Excluded Borrower Obligation”) to pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of section 1a(47) of the Commodity Exchange Act (or the analogous term or section
in any amended or successor statute) is or becomes illegal, the Borrower Obligations guaranteed by such Canadian Guarantor shall not include any such Excluded Borrower Obligation. 

  
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 “Canadian Borrower”: as defined in the preamble hereto. 

“Canadian Granting Parties”: as defined in the recitals hereto. 

“Canadian Grantor”: the Canadian Borrower and any other Canadian Subsidiary of the Parent Borrower (other than any Excluded
Subsidiary) that becomes a party hereto from time to time after the date hereof. 
 “Canadian Guarantors”: the collective
reference to each Canadian Subsidiary from time to time party hereto. 
 “Canadian Pledgor”: Each Canadian Granting Party
(with respect to Pledged Securities held by such Canadian Granting Party and all other Pledged Collateral of such Canadian Granting Party). 

“CFTC”: the Commodity Futures Trading Commission or any successor to the Commodity Futures Trading Commission. 

“Collateral”: as defined in subsection 3.1; provided that, for purposes of subsection 6.5 and
Section 8, “Collateral” shall have the meaning assigned to such term in the ABL Credit Agreement. 

“Collateral Account Bank”: any bank or an Affiliate or branch thereof which at all times is the ABL Collateral Agent or a
Lender or an Affiliate thereof as selected by the relevant Canadian Grantor and consented to in writing by the ABL Collateral Agent (such consent not to be unreasonably withheld or delayed). 

“Collateral Proceeds Account”: a non-interest bearing cash collateral account established and maintained by the relevant
Canadian Grantor at an office of the Collateral Account Bank in the name, and in the sole dominion and control of, the ABL Collateral Agent for the benefit of the Secured Parties. 

“Commitments”: collective reference to (i) each Canadian Facility Lender’s obligation to make Canadian
Facility Revolving Credit Loans pursuant to the ABL Credit Agreement and (ii) the obligation of the Canadian Facility Issuing Lender to issue Canadian Facility Letters of Credit to the Canadian Borrower pursuant to subsection 3.1 of the
ABL Credit Agreement. 
 “Concentration Account”: as defined in the ABL Credit Agreement. 

“Contracts”: with respect to any Canadian Grantor, all contracts, agreements, instruments and indentures in any form and
portions thereof, to which such Canadian Grantor is a party or under which such Canadian Grantor or any property of such Canadian Grantor is subject, as the same may from time to time be amended, supplemented, waived or otherwise modified, and all
rights of such Canadian Grantor thereunder, including, without limitation, (i) all rights of such Canadian Grantor to receive moneys due and to become due to it thereunder or in connection therewith, (ii) all rights of such
Canadian Grantor to damages arising thereunder and (iii) all rights of such Canadian Grantor to perform and to exercise all remedies thereunder. 

  
 -4- 

 “Copyright Licenses”: with respect to any Canadian Grantor, all Canadian written
license agreements of such Canadian Grantor providing for the grant by or to such Canadian Grantor of any right under any Copyright of such Canadian Grantor, other than agreements with any Person that is an Affiliate or a Subsidiary of the Parent
Borrower or such Canadian Grantor, including, without limitation, any license agreements listed on Schedule 5, subject, in each case, to the terms of such license agreements, and the right to prepare for sale, sell and advertise for sale, all
Inventory now or hereafter covered by such licenses. 
 “Copyrights”: with respect to any Canadian Grantor, all of such
Canadian Grantor’s right, title and interest in and to all Canadian copyrights, whether or not the underlying works of authorship have been published or registered, all Canadian and United States copyright registrations and copyright
applications, including, without limitation, any copyright registrations and copyright applications listed on Schedule 5, and (i) all renewals thereof, (ii) all income, royalties, damages and payments now and hereafter
due and/or payable with respect thereto, including, without limitation, payments under all licenses entered into in connection therewith, and damages and payments for past or future infringements thereof and (iii) the right to sue or
otherwise recover for past, present and future infringements and misappropriations thereof. 
 “Deposit Account”: any
demand, time, savings, passbook or like account now or hereafter maintained by any Canadian Grantor with a depositary institution, and, in any event, shall include, but shall not be limited to all DDAs, all Concentration Accounts and the Canadian
Core Concentration Account. 
 “Excluded Assets”: as defined in subsection 3.3. 

“first priority”: with respect to any Lien purported to be created by this Agreement, that such Lien is the most senior Lien
to which such Collateral is subject. 
 “Foreign Intellectual Property”: any right, title or interest in or to any
copyrights, copyright licenses, patents, patent applications, patent licenses, trade secrets, trade secret licenses, trade-marks, service marks, trade-mark and service mark applications, trade names, trade dress, trade-mark licenses, technology,
know-how and processes or any other intellectual property governed by or arising or existing under, pursuant to or by virtue of the laws of any jurisdiction other than Canada or any province, territory and other political subdivision thereof. 

“Foreign Subsidiary”: for the purposes of this Agreement, (i) any Restricted Subsidiary of the Parent Borrower
that is not organized under the laws of Canada, including all provinces, territories and political subdivisions thereof and (ii) any Foreign Subsidiary Holdco. 

“Guarantor Obligations”: with respect to any Canadian Guarantor, the collective reference to (i) the Obligations
guaranteed by such Canadian Guarantor pursuant to Section 2 and (ii) all obligations and liabilities of such Canadian Guarantor that may arise under or in connection with this Agreement or any other Loan Document to which
such Canadian Guarantor is a party, any Hedging Agreement entered into with any Hedging Affiliate or any Bank Products Agreement entered into with any Bank Products Affiliate, in each case whether on account of guarantee obligations, reimbursement
obligations, fees, indemnities, costs, expenses or otherwise (including, without limitation, all reasonable fees, expenses and disbursements of counsel to the Administrative Agent or to any other Secured Party that are required to be paid by such
Canadian Guarantor pursuant to the terms of this Agreement or any other Loan Document and interest and fees accruing after (or that would accrue but for) the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization
or like proceeding, relating to such Canadian Guarantor, whether or not a claim for post-filing or post-petition interest or fees is allowed in such proceeding). With respect to any Canadian Guarantor, if and to the extent, under the Commodity
Exchange Act or any rule, regulation or order of the CFTC (or the application or official interpretation of any thereof), 

  
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all or a portion of the guarantee of such Canadian Guarantor of, or the grant by such Canadian Guarantor of a security interest for, the obligation (together with the Excluded Borrower
Obligation, the “Excluded Obligation”) to pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of section 1a(47) of the Commodity Exchange Act (or the analogous term or
section in any amended or successor statute) is or becomes illegal, the Guarantor Obligations of such Canadian Guarantor shall not include any such Excluded Obligation. 

“Hedging Affiliate”: any Person who (i) has entered into a Hedging Agreement with any Canadian Grantor with the
obligations of such Canadian Grantor thereunder being secured by one or more Loan Documents, (ii) was an Agent, a Lender or an Affiliate of a Lender on the date hereof, or at the time of entry into such Agreement, or at the time of the
designation referred to in the following clause (iii), and (iii) has been designated by the Parent Borrower for and on behalf of the Canadian Borrower in accordance with subsection 8.4. 

“Hedging Agreement”: any Interest Rate Agreement, Commodities Agreement, Currency Agreement or any other credit or equity
swap, collar, cap, floor or forward rate agreement, or other agreement or arrangement designed to protect against fluctuations in interest rates or currency, commodity, credit or equity values or creditworthiness (including, without limitation, any
option with respect to any of the foregoing and any combination of the foregoing agreements or arrangements), and any confirmation executed in connection with any such agreement or arrangement. 

“Industrial Design Licenses”: with respect to any Canadian Grantor, all written agreements of such Canadian Grantor providing
for the grant by or to such Canadian Grantor of any right under any Industrial Design, other than agreements with any Person that is an Affiliate or a Subsidiary of the Parent Borrower or such Canadian Grantor, including, without limitation, the
license agreements listed on Schedule 5, subject, in each case to the terms of such license agreements, and the right to prepare for sale, sell and advertise for sale, all Inventory now or hereafter covered by such licenses. 

“Industrial Designs”: with respect to any Canadian Grantor, all of such Canadian Grantor’s right, title and interest in
and to (a) all industrial designs, including, without limitation all industrial designs identified on Schedule 5 and all renewals and extensions thereof, (b) all registrations and recordings thereof and all
applications that have been or shall be made or filed in Canada or any other country or political subdivision thereof and all records thereof and all reissues, extensions or renewals thereof, and (c) all Canadian common law and other
rights in the above. 
 “Instruments”: as defined in the PPSA but excluding Pledged Securities. 

“Intellectual Property”: with respect to any Canadian Grantor, the collective reference to such Canadian Grantor’s
Copyrights, Copyright Licenses, Patents, Patent Licenses, Trade Secrets, Trade Secret Licenses, Trade-marks, Trade-mark Licenses Industrial Designs and Industrial Design Licenses. 

“Intercompany Note”: with respect to any Canadian Grantor, any promissory note in a principal amount in excess of $5,000,000
evidencing loans made by such Canadian Grantor to the Parent Borrower or any of its Subsidiaries. 
 “Inventory”: with
respect to any Canadian Grantor, all inventory (as defined in the PPSA) of such Canadian Grantor, including, without limitation, all Inventory (as defined in the ABL Credit Agreement) of such Canadian Grantor. 

“Issuer”: as defined in the STA. 

  
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 “Lender Secured Parties”: the collective reference to (i) the
Administrative Agent, the ABL Collateral Agent and each Other Representative, (ii) the Canadian Facility Lenders and the Canadian Facility Issuing Lender, and (iii) each of their respective successors and assigns and their
permitted transferees and endorsees. 
 “Non-Lender Secured Parties”: the collective reference to all Bank Products
Affiliates and Hedging Affiliates and their respective successors, assigns, transferees and replacements thereof, in each case in their capacity as such. 

“Obligations”: (i) in the case of the Canadian Borrower, its Borrower Obligations and (ii) in the
case of each Canadian Guarantor, its Guarantor Obligations. 
 “Parent Borrower”: as defined in the recitals hereto. 

“Patent Licenses”: with respect to any Canadian Grantor, all Canadian written license agreements of such Canadian Grantor
providing for the grant by or to such Canadian Grantor of any right under any Patent, patent application, or patentable invention other than agreements with any Person who is an Affiliate or a Subsidiary of the Parent Borrower or such Canadian
Grantor, including, without limitation, the license agreements listed on Schedule 5, subject, in each case, to the terms of such license agreements, and the right to prepare for sale, sell and advertise for sale, all Inventory now or
hereafter covered by such licenses. 
 “Patents”: with respect to any Canadian Grantor, all of such Canadian Grantor’s
right, title and interest in and to all Canadian patents, patent applications and patentable inventions and all reissues and extensions thereof, including, without limitation, all patents and patent applications identified in Schedule 5, and
including, without limitation, (i) all inventions and improvements described and claimed therein, (ii) the right to sue or otherwise recover for any and all past, present and future infringements and misappropriations
thereof, (iii) all income, royalties, damages and other payments now and hereafter due and/or payable with respect thereto (including, without limitation, payments under all licenses entered into in connection therewith, and damages and
payments for past, present or future infringements thereof), and (iv) all other rights corresponding thereto in Canada and all reissues, divisions, continuations, continuations-in-part, substitutes, renewals, and extensions thereof, all
improvements thereon, and all other rights of any kind whatsoever of such Canadian Grantor accruing thereunder or pertaining thereto. 

“Pledged Collateral”: as to any Canadian Pledgor, the Pledged Securities now owned or at any time hereafter acquired by such
Canadian Pledgor, and any Proceeds thereof. 
 “Pledged Notes”: with respect to any Canadian Pledgor, all Intercompany
Notes at any time issued to, or held or owned by, such Canadian Pledgor. 
 “Pledged Securities”: the collective reference
to the Pledged Notes and the Pledged Stock. 
 “Pledged Stock”: with respect to any Canadian Pledgor, the shares of Capital
Stock listed on Schedule 2 as held by such Canadian Pledgor, together with any other shares of Capital Stock of any Subsidiary of such Canadian Pledgor required to be pledged by such Canadian Pledgor pursuant to subsection 7.9 of the ABL
Credit Agreement, as well as any other shares, stock, unit or other similar certificates, options or rights of any nature whatsoever in respect of any Capital Stock of any Issuer that may be issued or granted to, or held by, such Canadian Pledgor
while this Agreement is in effect; provided that in no event shall there be pledged, nor shall any Canadian Pledgor be required to pledge, directly or indirectly, (i) any of the Capital Stock of a Foreign Subsidiary,
(ii) de minimis shares of a Foreign Subsidiary held by 

  
 -7- 

 
any Canadian Pledgor as a nominee or in a similar capacity, (iii) any Capital Stock of any Captive Insurance Subsidiary, (iv) Capital Stock of any Subsidiary that is not a
Loan Party, or of any joint venture, in each case that is prohibited (for so long as such restriction or any replacement or renewal thereof is in effect) by any applicable Contractual Obligation or Requirement of Law from being pledged to secure the
Obligations or that would require governmental (including regulatory) consent, approval, license or authorization to be pledged unless such consent, approval, license or authorization has been received and (v) without duplication, any
Excluded Assets. 
 “PPSA”: the Personal Property Security Act (Ontario), as such legislation may be amended,
renamed or replaced from time to time, and includes all regulations from time to time made under such legislation, provided that, if perfection or the effect of perfection or non-perfection or the priority of any Lien created hereunder on the
Collateral is governed by the personal property security legislation or other applicable legislation with respect to personal property security as in effect in a jurisdiction other than Ontario, “PPSA” means the Personal Property Security
Act, or the Civil Code of Quebec, or such other applicable legislation as in effect from time to time in such other jurisdiction for purposes of the provisions hereof relating to such perfection, effect of perfection or non-perfection or
priority. 
 “Restrictive Agreements”: as defined in subsection 3.3(a). 

“Secured Parties”: the collective reference to the Lender Secured Parties and the Non-Lender Secured Parties. 

“Security Collateral”: with respect to any Canadian Granting Party, collectively, the Collateral (if any) and the Pledged
Collateral (if any) of such Canadian Granting Party. 
 “Specified Assets”: as defined in subsection 4.2.2(b). 

“STA”: the Securities Transfer Act, 2006 (Ontario), as such legislation may be amended, renamed or replaced from time
to time, and includes all regulations from time to time made under such legislation; provided that, if perfection or the effect of perfection or non-perfection or the priority of any Lien created hereunder on the Collateral that is Investment
Property is governed by the laws in effect in any province or territory of Canada other than Ontario in which there is in force legislation substantially the same as the Securities Transfer Act, 2006 (Ontario) (an “Other STA
Province”), then “STA” shall mean such other legislation as in effect from time to time in such Other STA Province for purposes of the provisions hereof referring to or incorporating by reference provisions of the STA. 

“Trade Secret Licenses”: with respect to any Canadian Grantor, all Canadian written license agreements of such Canadian
Grantor providing for the grant by or to such Canadian Grantor of any right under any Trade Secrets, including, without limitation, know-how, processes, formulae, compositions, designs, and confidential business and technical information, and all
rights of any kind whatsoever accruing thereunder or pertaining thereto, other than agreements with any Person that is an Affiliate or a Subsidiary of the Parent Borrower or such Canadian Grantor, subject, in each case, to the terms of such license
agreements, and the right to prepare for sale, sell and advertise for sale, all Inventory now or hereafter covered by such licenses. 

“Trade Secrets”: with respect to any Canadian Grantor, all of such Canadian Grantor’s right, title and interest in and
to all Canadian trade secrets, including, without limitation, know-how, processes, formulae, compositions, designs, and confidential business and technical information, and all rights of any kind whatsoever
accruing thereunder or pertaining thereto, including, without limitation, (i) all income, royalties, damages and payments now and hereafter due and/or payable with respect thereto, including,

  
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without limitation, payments under all licenses, non-disclosure agreements and memoranda of understanding entered into in connection therewith, and damages
and payments for past or future misappropriations thereof, and (ii) the right to sue or otherwise recover for past, present or future misappropriations thereof. 

“Trade-mark Licenses”: with respect to any Canadian Grantor, all Canadian written license agreements of such Canadian Grantor
providing for the grant by or to such Canadian Grantor of any right under any Trade-marks, service marks, trade names, trade dress or other indicia of trade origin or business identifiers, other than agreements with any Person that is an Affiliate
or a Subsidiary of the Parent Borrower or such Canadian Grantor, including, without limitation, the license agreements listed on Schedule 5, subject, in each case, to the terms of such license agreements, and the right to prepare for sale,
sell and advertise for sale, all Inventory now or hereafter covered by such licenses. 
 “Trade-marks”: with respect to any
Canadian Grantor, all of such Canadian Grantor’s right, title and interest in and to all Canadian trade-marks, service marks, trade names, trade dress or other indicia of trade origin or business identifiers, trade-mark and service mark
registrations, and applications for trade-mark or service mark registrations (except for “intent to use” applications for Trade-mark or service mark registrations) and any renewals thereof, including, without limitation, each registration
and application identified in Schedule 5, and including, without limitation, (i) the right to sue or otherwise recover for any and all past, present and future infringements or dilutions thereof, (ii) all income,
royalties, damages and other payments now and hereafter due and/or payable with respect thereto (including, without limitation, payments under all licenses entered into in connection therewith, and damages and payments for past or future
infringements thereof), and (iii) all other rights corresponding thereto in Canada and all other rights of any kind whatsoever of such Canadian Grantor accruing thereunder or pertaining thereto in Canada, together in each case with the
goodwill of the business connected with the use of, and symbolized by, each such trade-mark, service mark, trade name, trade dress or other indicia of trade origin or business identifiers. 

“ULC”: an Issuer that is an unlimited company, unlimited liability corporation or unlimited liability company. 

“ULC Laws”: the Companies Act (Nova Scotia), the Business Corporations Act (British Columbia), the Business
Corporations Act (Alberta) and all laws of Nova Scotia, British Columbia, Alberta or any other province or territory of Canada related to ULCs. 

“ULC Shares”: shares or other equity interests in the Capital Stock of a ULC. 

“Vehicles”: all cars, trucks, trailers, construction and earth moving equipment and other vehicles covered by a certificate
of title law of any province or territory and all tires and other appurtenances to any of the foregoing. 
 1.2 Other Definitional
Provisions. 
 (a) The words “hereof,” “herein,” “hereto” and “hereunder” and words of similar
import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section, subsection, Schedule and Annex references are to this Agreement unless otherwise specified. The words
“include,” “includes,” and “including” shall be deemed to be followed by the phrase “without limitation.” 

  
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 (b) The meanings given to terms defined herein shall be equally applicable to both the singular
and plural forms of such terms. 
 (c) Where the context requires, terms relating to the Collateral, Pledged Collateral or Security
Collateral or any part thereof, when used in relation to a Canadian Granting Party shall refer to such Canadian Granting Party’s Collateral, Pledged Collateral or Security Collateral or the relevant part thereof. 

(d) All references in this Agreement to any of the property described in the definition of the term “Collateral,” “Pledged
Collateral” or “Security Collateral,” or to any Proceeds thereof, shall be deemed to be references thereto only to the extent the same constitute Collateral, Pledged Collateral or Security Collateral, respectively. 

SECTION 2 GUARANTEE 
 2.1
Guarantee. 
 (a) Each of the Canadian Guarantors hereby, jointly and severally, unconditionally and irrevocably, guarantees to the
Administrative Agent, for the benefit of the Secured Parties, the prompt and complete payment and performance by the Canadian Borrower when due and payable (whether at the stated maturity, by acceleration or otherwise) of the Borrower Obligations of
the Canadian Borrower owed to the Secured Parties. 
 (b) Anything herein or in any other Loan Document to the contrary notwithstanding, the
maximum liability of each Canadian Guarantor hereunder and under the other Loan Documents shall in no event exceed the amount that can be guaranteed by such Canadian Guarantor under applicable law, including applicable federal or provincial laws
relating to the insolvency of debtors; provided that, to the maximum extent permitted under applicable law, it is the intent of the parties hereto that the rights of contribution of each Canadian Guarantor provided in subsection 2.2 be
included as an asset of the respective Canadian Guarantor in determining the maximum liability of such Canadian Guarantor hereunder. 
 (c)
Each Canadian Guarantor agrees that the Borrower Obligations guaranteed by it hereunder may at any time and from time to time exceed the amount of the liability of such Canadian Guarantor hereunder without impairing the guarantee contained in this
Section 2 or affecting the rights and remedies of the Administrative Agent or any other Secured Party hereunder. 
 (d) The
guarantee contained in this Section 2 shall remain in full force and effect until the earliest to occur of (i) the first date on which all the Canadian Facility Revolving Credit Loans, any Reimbursement Obligations with
respect to Canadian Facility Letters of Credit, all other Borrower Obligations then due and owing, and the obligations of each Canadian Guarantor under the guarantee contained in this Section 2 then due and owing shall have been
satisfied by payment in full in cash, no Canadian Facility Letter of Credit shall be outstanding (except for Canadian Facility Letters of Credit that have been cash collateralized, backstopped or otherwise provided for pursuant to arrangements
reasonably acceptable to the relevant Issuing Lender) and the Commitments shall be terminated, notwithstanding that from time to time during the term of the ABL Credit Agreement the Canadian Borrower may be free from any Borrower Obligations,
(ii) as to any Canadian Guarantor, the sale or other disposition of all of the Capital Stock of such Canadian Guarantor (to a Person other than the Canadian Borrower or a Canadian Guarantor), or any other transaction or occurrence as a
result of which such Canadian Guarantor ceases to be a Restricted Subsidiary of the Parent Borrower, in each case that is permitted under the ABL Credit Agreement and (iii) as to any Canadian Guarantor, such Canadian Guarantor becoming
an Excluded Subsidiary. 

  
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 (e) No payment made by the Canadian Borrower, any of the Canadian Guarantors, any other Canadian
Guarantor or any other Person or received or collected by the Administrative Agent or any other Secured Party from the Canadian Borrower, any of the Canadian Guarantors, any other Canadian Guarantor or any other Person by virtue of any action or
proceeding or any set-off or appropriation or application at any time or from time to time in reduction of or in payment of any of the Borrower Obligations shall be deemed to modify, reduce, release or otherwise affect the liability of any Canadian
Guarantor hereunder which shall, notwithstanding any such payment (other than any payment made by such Canadian Guarantor in respect of the Borrower Obligations or any payment received or collected from such Canadian Guarantor in respect of any of
the Borrower Obligations), remain liable for the Borrower Obligations of the Canadian Borrower guaranteed by it hereunder up to the maximum liability of such Canadian Guarantor hereunder until the earliest to occur of (i) the first date
on which all the Canadian Facility Revolving Credit Loans, any Reimbursement Obligations with respect to Canadian Facility Letters of Credit and all other Borrower Obligations then due and owing, are paid in full in cash, no Canadian Facility Letter
of Credit shall be outstanding (except for Canadian Facility Letters of Credit that have been cash collateralized ,backstopped or otherwise provided for pursuant to arrangements reasonably acceptable to the relevant Issuing Lender) and the
Commitments are terminated, (ii) as to any Canadian Guarantor, a sale or other disposition of all of the Capital Stock of such Canadian Guarantor (other than to the Canadian Borrower or a Canadian Guarantor), or any other transaction or
occurrence as a result of which such Canadian Guarantor ceases to be a Restricted Subsidiary of the Parent Borrower, in each case, that is permitted under the ABL Credit Agreement and (iii) as to any Canadian Guarantor, such Canadian
Guarantor becoming an Excluded Subsidiary. 
 2.2 Right of Contribution. Each Canadian Guarantor hereby agrees that to the extent
that a Canadian Guarantor shall have paid more than its proportionate share (based, to the maximum extent permitted by law, on the respective Adjusted Net Worths of the Canadian Guarantors on the date the respective payment is made) of any payment
made hereunder, such Canadian Guarantor shall be entitled to seek and receive contribution from and against any other Canadian Guarantor hereunder that has not paid its proportionate share of such payment. Each Canadian Guarantor’s right of
contribution shall be subject to the terms and conditions of subsection 2.3. The provisions of this subsection 2.2 shall in no respect limit the obligations and liabilities of any Canadian Guarantor to the Administrative Agent and
the other Secured Parties, and each Canadian Guarantor shall remain liable to the Administrative Agent and the other Secured Parties for the full amount guaranteed by such Canadian Guarantor hereunder. 

2.3 No Subrogation. Notwithstanding any payment made by any Canadian Guarantor hereunder or any set-off or application of funds of any
Canadian Guarantor by the ABL Collateral Agent or any other Secured Party, no Canadian Guarantor shall be entitled to be subrogated to any of the rights of the ABL Collateral Agent or any other Secured Party against the Canadian Borrower or any
other Canadian Guarantor or any collateral security or guarantee or right of offset held by the ABL Collateral Agent or any other Secured Party for the payment of the Borrower Obligations, nor shall any Canadian Guarantor seek or be entitled to seek
any contribution or reimbursement from the Canadian Borrower or any other Canadian Guarantor in respect of payments made by such Canadian Guarantor hereunder, until all amounts owing to the ABL Collateral Agent and the other Secured Parties by the
Canadian Borrower on account of the Borrower Obligations are paid in full in cash, no Canadian Facility Letter of Credit shall be outstanding (except for Canadian Facility Letters of Credit that have been cash collateralized, backstopped or
otherwise provided for pursuant to arrangements reasonably acceptable to the relevant Issuing Lender) and the Commitments are terminated. If any amount shall be paid to any Canadian 

  
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Guarantor on account of such subrogation rights at any time when all of the Borrower Obligations shall not have been paid in full in cash or any Canadian Facility Letter of Credit shall remain
outstanding (except for Canadian Facility Letters of Credit that have been cash collateralized, backstopped or otherwise provided for pursuant to arrangements reasonably acceptable to the relevant Issuing Lender) or any of the Commitments shall
remain in effect, such amount shall be held by such Canadian Guarantor in trust for the ABL Collateral Agent and the other Secured Parties, segregated from other funds of such Canadian Guarantor, and shall, forthwith upon receipt by such Canadian
Guarantor, be turned over to the ABL Collateral Agent in the exact form received by such Canadian Guarantor (duly endorsed by such Canadian Guarantor to the ABL Collateral Agent, if required), to be held as collateral security for all of the
Borrower Obligations (whether matured or unmatured) guaranteed by such Canadian Guarantor and/or then or at any time thereafter may be applied against any Borrower Obligations, whether matured or unmatured, in such order as the ABL Collateral Agent
may determine. 
 2.4 Amendments, etc. with Respect to the Obligations. To the maximum extent permitted by law, each Canadian
Guarantor shall remain obligated hereunder notwithstanding that, without any reservation of rights against any Canadian Guarantor and without notice to or further assent by any Canadian Guarantor, any demand for payment of any of the Borrower
Obligations made by the ABL Collateral Agent, the Administrative Agent or any other Secured Party may be rescinded by the ABL Collateral Agent, the Administrative Agent or such other Secured Party and any of the Borrower Obligations continued, and
the Borrower Obligations, or the liability of any other Person upon or for any part thereof, or any collateral security or guarantee therefor or right of offset with respect thereto, may, from time to time, in whole or in part, be renewed, extended,
amended, waived, modified, accelerated, compromised, subordinated, waived, surrendered or released by the ABL Collateral Agent, the Administrative Agent or any other Secured Party, and the ABL Credit Agreement and the other Loan Documents and any
other documents executed and delivered in connection therewith may be amended, waived, modified, supplemented or terminated, in whole or in part, as the ABL Collateral Agent or the Administrative Agent (or the Required Lenders or the applicable
Lender(s), as the case may be) may deem advisable from time to time, and any collateral security, guarantee or right of offset at any time held by the ABL Collateral Agent, the Administrative Agent or any other Secured Party for the payment of any
of the Borrower Obligations may be sold, exchanged, waived, surrendered or released. None of the ABL Collateral Agent, the Administrative Agent and each other Secured Party shall have any obligation to protect, secure, perfect or insure any Lien at
any time held by it as security for any of the Borrower Obligations or for the guarantee contained in this Section 2 or any property subject thereto, except to the extent required by applicable law. 

2.5 Guarantee Absolute and Unconditional. Each Canadian Guarantor waives, to the maximum extent permitted by applicable law, any and
all notice of the creation, renewal, extension or accrual of any of the Borrower Obligations and notice of or proof of reliance by the ABL Collateral Agent, the Administrative Agent or any other Secured Party upon the guarantee contained in this
Section 2 or acceptance of the guarantee contained in this Section 2; each of the Borrower Obligations, and any obligation contained therein, shall conclusively be deemed to have been created, contracted or incurred, or
renewed, extended, amended or waived, in reliance upon the guarantee contained in this Section 2; and all dealings between the Canadian Borrower and any of the Canadian Guarantors, on the one hand, and the ABL Collateral Agent, the
Administrative Agent and the other Secured Parties, on the other hand, likewise shall be conclusively presumed to have been had or consummated in reliance upon the guarantee contained in this Section 2. Each Canadian Guarantor waives, to
the maximum extent permitted by applicable law, diligence, presentment, protest, demand for payment and notice of default or nonpayment to or upon the Canadian Borrower or any of the other Canadian Guarantors with respect to any of the Borrower
Obligations. Each Canadian Guarantor understands and agrees, to the extent permitted by law, 

  
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that the guarantee contained in this Section 2 shall be construed as a continuing, absolute and unconditional guarantee of payment and not of collection. Each Canadian Guarantor
hereby waives, to the maximum extent permitted by applicable law, any and all defenses (other than any claim alleging breach of a contractual provision of any of the Loan Documents) that it may have arising out of or in connection with any and all
of the following: (a) the validity or enforceability of the ABL Credit Agreement or any other Loan Document, any of the Borrower Obligations or any other collateral security therefor or guarantee or right of offset with respect thereto
at any time or from time to time held by the ABL Collateral Agent, the Administrative Agent or any other Secured Party, (b) any defense, set-off or counterclaim (other than a defense of payment or performance) that may at any time be
available to or be asserted by the Canadian Borrower against the ABL Collateral Agent, the Administrative Agent or any other Secured Party, (c) any change in the time, place, manner or place of payment, amendment, or waiver or increase
in any of the Obligations, (d) any exchange, non-perfection, taking, or release of Collateral, (e) any change in the structure or existence of the Canadian Borrower, (f) any application of Collateral to any of the
Obligations, (g) any law, regulation or order of any jurisdiction, or any other event, affecting any term of any Obligation or the rights of the ABL Collateral Agent, the Administrative Agent or any other Secured Party with respect
thereto, including, without limitation, (i) the application of any such law, regulation, decree or order, including any prior approval, which would prevent the exchange of any currency (other than Dollars) for Dollars or the remittance
of funds outside of such jurisdiction or the unavailability of Dollars in any legal exchange market in such jurisdiction in accordance with normal commercial practice, (ii) a declaration of banking moratorium or any suspension of
payments by banks in such jurisdiction or the imposition by such jurisdiction or any Governmental Authority thereof of any moratorium on, the required rescheduling or restructuring of, or required approval of payments on, any indebtedness in such
jurisdiction, (iii) any expropriation, confiscation, nationalization or requisition by such country or any Governmental Authority that directly or indirectly deprives the Canadian Borrower or any Canadian Guarantor of any assets or their
use, or of the ability to operate its business or a material part thereof, or (iv) any war (whether or not declared), insurrection, revolution, hostile act, civil strife or similar events occurring in such jurisdiction which has the same
effect as the events described in clause (i), (ii) or (iii) above (in each of the cases contemplated in clauses (i) through (iv) above, to the extent occurring or existing on or at any time
after the date of this Agreement), or (h) any other circumstance whatsoever (other than payment in full in cash of the Borrower Obligations guaranteed by it hereunder) (with or without notice to or knowledge of the Canadian Borrower or
such Canadian Guarantor) or any existence of or reliance on any representation by the Secured Parties that constitutes, or might be construed to constitute, an equitable or legal discharge of the Canadian Borrower for the Borrower Obligations, or of
such Canadian Guarantor under the guarantee contained in this Section 2, in bankruptcy or in any other instance. When making any demand hereunder or otherwise pursuing its rights and remedies hereunder against any Canadian Guarantor, the
ABL Collateral Agent, the Administrative Agent and any other Secured Party may, but shall be under no obligation to, make a similar demand on or otherwise pursue such rights and remedies as it may have against the Canadian Borrower, any other
Canadian Guarantor or any other Person or against any collateral security or guarantee for the Borrower Obligations guaranteed by such Canadian Guarantor hereunder or any right of offset with respect thereto, and any failure by the ABL Collateral
Agent, the Administrative Agent or any other Secured Party to make any such demand, to pursue such other rights or remedies or to collect any payments from the Canadian Borrower, any other Canadian Guarantor or any other Person or to realize upon
any such collateral security or guarantee or to exercise any such right of offset, or any release of the Canadian Borrower, any other Canadian Guarantor or any other Person or any such collateral security, guarantee or right of offset, shall not
relieve any Canadian Guarantor of any obligation or liability hereunder, and shall not impair or affect the rights and remedies, whether express, implied or available as a matter of law, of the ABL Collateral Agent, the Administrative Agent or any
other Secured Party against any Canadian Guarantor. For the purposes hereof “demand” shall include the commencement and continuance of any legal proceedings. 

  
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 2.6 Reinstatement. The guarantee of any Canadian Guarantor contained in this
Section 2 shall continue to be effective, or be reinstated, as the case may be, if at any time payment, or any part thereof, of any of the Borrower Obligations guaranteed by such Canadian Guarantor hereunder is rescinded or must
otherwise be restored or returned by the ABL Collateral Agent, the Administrative Agent or any other Secured Party upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of the Canadian Borrower or any Canadian Guarantor, or
upon or as a result of the appointment of a receiver, intervenor or conservator of, or trustee or similar officer for, the Canadian Borrower or any Canadian Guarantor or any substantial part of its property, or otherwise, all as though such payments
had not been made. 
 2.7 Payments. Each Canadian Guarantor hereby guarantees that payments hereunder will be paid to the
Administrative Agent without set-off or counterclaim, in Canadian Dollars (or in the case of any amount required to be paid in any other currency pursuant to the requirements of the ABL Credit Agreement or other agreement relating to the respective
Obligations, such other currency), at the Administrative Agent’s office specified in subsection 11.2 of the ABL Credit Agreement or such other address as may be designated in writing by the Administrative Agent to such Canadian Guarantor from
time to time in accordance with subsection 11.2 of the ABL Credit Agreement. 
 2.8 Remedies. The Administrative Agent and the
Secured Parties need not seek or exhaust their recourse against the Canadian Borrower or any other Person or realize on any security interest they may hold in respect of the Borrower Obligations or the Guarantor Obligations before being entitled to
(a) enforce payment and performance under this Agreement, or (b) pursue any other remedy against a Canadian Guarantor. Should the Administrative Agent or the Secured Parties elect to realize on any security interest they hold, either
before, concurrently with, or after demand for payment under this Agreement, such Canadian Guarantor renounces the benefits of division or discussion. 

SECTION 3 GRANT OF SECURITY INTEREST 

3.1 Grant. Each Canadian Grantor hereby grants, assigns, hypothecates and pledges all of its present and after acquired personal
property to the ABL Collateral Agent, for the benefit of the Secured Parties, including, without limitation, a security interest in all of the Collateral of such Canadian Grantor, as collateral security for the prompt and complete payment and
performance when due (whether at the stated maturity, by acceleration or otherwise) of the Obligations of such Canadian Grantor, except as provided in subsection 3.3 and subject to existing licenses to use the Copyrights, Patents,
Trade-marks, Trade Secrets and Industrial Designs granted by such Canadian Grantor in the ordinary course of business and described on Schedule 3 hereto. The term “Collateral,” as to any Canadian Grantor, means all present
and after acquired personal property of such Canadian Grantor, including the following property (wherever located) now owned or at any time hereafter acquired by such Canadian Grantor or in which such Canadian Grantor now has or at any time in the
future may acquire any right, title or interest, except as provided in subsection 3.3: 
 (a) all Accounts; 

(b) all Money (including all cash); 

(c) all Cash Equivalents; 

  
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 (d) all Chattel Paper; 

(e) all Contracts; 

(f) all Deposit Accounts; 

(g) all Documents of Title; 

(h) all Equipment and Goods; 

(i) all Intangibles; 

(j) all Instruments; 

(k) all Intellectual Property; 

(l) all Inventory; 

(m) all Investment Property; 

(n) all books and records relating to the foregoing; 

(o) the Collateral Proceeds Account; and 

(p) to the extent not otherwise included, all Proceeds and products of any and all of the foregoing and all collateral security
and guarantees given by any Person with respect to any of the foregoing; 
 provided that, Collateral shall not include any Pledged Collateral,
Excluded Assets or any property or assets described in the proviso to the definition of Pledged Stock. 
 3.2 Pledged Collateral.
Each Canadian Granting Party that is a Canadian Pledgor hereby grants to the ABL Collateral Agent, for the benefit of the Secured Parties, a security interest in all of the Pledged Collateral of such Canadian Pledgor now owned or at any time
hereafter acquired by such Canadian Pledgor, including any Proceeds thereof, as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Obligations of
such Canadian Pledgor, except as provided in subsection 3.3. 
 3.3 Certain Limited Exceptions. No security interest is or
will be granted pursuant to this Agreement or any other Security Document in any right, title or interest of any Canadian Granting Party under or in, and “Collateral” and “Pledged Collateral” shall not include the following
(collectively, the “Excluded Assets”): 
 (a) any Instruments, Contracts, Chattel Paper, Intangibles,
Copyright Licenses, Patent Licenses, Trade-mark Licenses, Trade Secret Licenses, Industrial Design Licenses or other contracts or agreements with or issued by Persons other than Holding, a Subsidiary of Holding, the Parent Borrower, a Restricted
Subsidiary or an Affiliate thereof (collectively, “Restrictive Agreements”) that would otherwise be included in the Security Collateral (and such Restrictive Agreements shall not be deemed to constitute a part of the Security
Collateral) for so long as, and to the extent that, the granting of such a security interest pursuant hereto would result in a breach, 

  
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default or termination of such Restrictive Agreements (in each case, except to the extent that, pursuant to the PPSA and any other applicable law, the granting of security interests therein can
be made without resulting in a breach, default or termination of such Restrictive Agreements); 
 (b) any Equipment or other
property that would otherwise be included in the Security Collateral (and such Equipment or other property shall not be deemed to constitute a part of the Security Collateral) if such Equipment or other property (x) is subject to a Lien
described in subsection 8.2(e) (with respect to Purchase Money Obligations or Capitalized Lease Obligations) or 8.2(n) of the ABL Credit Agreement (with respect to such Liens described in such subsection 8.2(e) of the ABL Credit Agreement) to the
extent that the agreements governing such Purchase Money Obligations or Capitalized Lease Obligations prohibit the granting of a security interest to the ABL Collateral Agent hereunder (but in each case only for so long as such Liens are in place)
or (y) is subject to any Lien in respect of Hedging Obligations permitted by subsection 8.2(d) of the ABL Credit Agreement that do not constitute Secured Bank Product Obligations of the ABL Credit Agreement to the extent that the
agreements governing such Hedging Obligations prohibit the granting of a security interest to the ABL Collateral Agent hereunder (but in each case only for so long as such Liens are in place), and, in the case of such other property, such other
property consists solely of (i) cash, Cash Equivalents or Temporary Cash Investments, together with proceeds, dividends and distributions in respect thereof, (ii) any assets relating to such assets, proceeds, dividends or
distributions, or to such Hedging Obligations, and/or (iii) any other assets consisting of, relating to or arising under or in connection with (1) any Hedging Obligations or (2) any other agreements, instruments
or documents related to any such Hedging Obligations or to any of the assets referred to in any of clauses (i) through (iii) of this clause (y); 

(c) any property that (A) would otherwise be included in the Security Collateral (and such property shall not be
deemed to constitute a part of the Security Collateral) if such property has been sold or otherwise transferred in connection with a Sale and Leaseback Transaction or (B) is subject to any Liens permitted under subsection 8.2 of the ABL
Credit Agreement which relates to property subject to any such Sale and Leaseback Transaction or Intangibles related thereto (but only for so long as such Liens are in place), provided that, notwithstanding the foregoing, a security interest
of the Collateral Agent shall attach to any money, securities or other consideration received by any Canadian Grantor as consideration for the sale or other disposition of such property as and to the extent such consideration would otherwise
constitute Security Collateral; 
 (d) each Canadian Pledgor acknowledges that certain of the Pledged Collateral of such
Canadian Pledgor may now or in the future consist of ULC Shares, and that it is the intention of the ABL Collateral Agent and each Canadian Pledgor that neither the ABL Collateral Agent nor any other Secured Party should under any circumstances
prior to realization be held to be a “member” or “shareholder,” as applicable, of a ULC for the purposes of any ULC Laws. Therefore, notwithstanding any provisions to the contrary contained in this Agreement, the ABL Credit
Agreement or any other Loan Document, where a Canadian Pledgor is the registered and beneficial owner of ULC Shares which are Pledged Collateral of such Canadian Pledgor, such Canadian Pledgor will remain the sole registered and beneficial owner of
such ULC Shares until such time as such ULC Shares are effectively transferred into the name of the ABL Collateral Agent, any other Secured Party, or any other Person on the books and records of the applicable ULC. Accordingly, each Canadian Pledgor
shall be entitled to receive and retain for its own account any dividend or other distribution, if any, in respect of such ULC Shares (except for any dividend or distribution comprised of Certificated Securities representing Pledged Collateral,

  
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which shall be delivered to the ABL Collateral Agent to hold as Pledged Collateral hereunder) and shall have the right to vote such ULC Shares and to control the direction, management and
policies of the applicable ULC to the same extent as such Canadian Pledgor would if such ULC Shares were not pledged to the ABL Collateral Agent pursuant hereto. Nothing in this Agreement, the ABL Credit Agreement or any other Loan Document is
intended to, and nothing in this Agreement, the ABL Credit Agreement or any other Loan Document shall, constitute the ABL Collateral Agent, any other Secured Party, or any other Person other than the applicable Canadian Pledgor, a member or
shareholder of a ULC for the purposes of any ULC Laws (whether listed or unlisted, registered or beneficial), until such time as notice is given to such Canadian Pledgor and further steps are taken pursuant hereto or thereto so as to register the
ABL Collateral Agent, any other Secured Party, or such other Person, as specified in such notice, as the holder of the ULC Shares. To the extent any provision hereof would have the effect of constituting the ABL Collateral Agent or any other Secured
Party as a member or a shareholder, as applicable, of any ULC prior to such time, such provision shall be severed herefrom and shall be ineffective with respect to ULC Shares which are Pledged Collateral of any Canadian Pledgor, without otherwise
invalidating or rendering unenforceable this Agreement or invalidating or rendering unenforceable such provision insofar as it relates to Pledged Collateral of any Canadian Pledgor which is not ULC Shares. Except upon the exercise of rights of the
ABL Collateral Agent to sell, transfer or otherwise dispose of ULC Shares in accordance with this Agreement, each Canadian Pledgor shall not cause or permit, or enable an Issuer that is a ULC to cause or permit, the ABL Collateral Agent or any other
Secured Party to: (a) be registered as a shareholder or member of such Issuer; (b) have any notation entered in their favour in the share register of such Issuer; (c) be held out as shareholders or members of such
Issuer; (d) receive, directly or indirectly, any dividends, property or other distributions from such Issuer by reason of the ABL Collateral Agent holding the security interests over the ULC Shares; or (e) act as a
shareholder of such Issuer, or exercise any rights of a shareholder including the right to attend a meeting of shareholders of such Issuer or to vote its ULC Shares; 

(e) Capital Stock which is described in the proviso to the definition of Pledged Stock; 

(f) any interest in leased real property (including fixtures related thereto) (and there shall be no requirement to deliver
landlord lien waivers, estoppels or collateral access letters); 
 (g) any fee interest in owned real property (including
fixtures related thereto) if the fair market value of such fee interest is less than the Dollar Equivalent of $25,000,000 individually; 

(h) any Vehicles; 

(i) assets to the extent the granting or perfecting of a security interest in such assets would result in costs or other
consequences to Holding or any of its Subsidiaries as reasonably determined in writing by the Parent Borrower, the Administrative Agent and, to the extent such assets would otherwise constitute Collateral, the ABL Collateral Agent, that are
excessive in view of the benefits that would be obtained by the Secured Parties; 
 (j) those assets over which the granting
of security interests in such assets would be prohibited by contract permitted under the ABL Credit Agreement, applicable law or regulation or the organizational or joint venture documents of any non-wholly owned Subsidiary (after giving effect to
the applicable anti-assignment provisions of the PPSA, or any other applicable law 

  
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or principles of equity as in effect in any relevant jurisdiction), or to the extent that such security interests would result in material adverse tax consequences to the Parent Borrower or any
one or more of its Subsidiaries as reasonably determined in writing by the Parent Borrower and consented to in writing by the ABL Collateral Agent (it being understood that the Lenders shall not require the Canadian Borrower or any of its
subsidiaries to enter into any security agreements or pledge agreements governed by foreign law); 
 (k) Foreign Intellectual
Property; and 
 (l) any aircraft, airframes, aircraft engines, helicopters, vessels or rolling stock or any Equipment or
other assets constituting a part thereof. 
 3.3.1 The Collateral shall not include the last day of the term of any lease or
agreement therefor but upon the enforcement of the security interest granted hereby in the Collateral, the Canadian Grantors or any of them shall stand possessed of such last day in trust to assign the same to any person acquiring such term. 

3.3.2 The term “Goods” when used in this Agreement shall not include Consumer Goods of any Canadian Grantor. 

3.3.3 Notwithstanding subsection 3.1, any Canadian Grantor’s grant of security in Trade-marks under this
Agreement shall be limited to a grant by such Canadian Grantor of a security interest in all of such Canadian Grantor’s right, title and interest in such Trade-marks. 

3.3.4 Each Canadian Grantor and the ABL Collateral Agent hereby acknowledge that (a) value has been given in
respect of the security interests granted herein; (b) such Canadian Grantor has rights in the Collateral in which it has granted a security interest (other than after-acquired property); (c) this Agreement constitutes a
security agreement as that term is defined in the PPSA; (d) it has not agreed to postpone the time of attachment of the security interest granted hereunder; and (e) it has received a copy of this Agreement. 

3.3.5 If the Collateral is realized upon and the security interest in the Collateral is not sufficient to satisfy all of the
Borrower Obligations or Guarantor Obligations, each Canadian Grantor acknowledges and agrees that, subject to the provisions of the PPSA, such Canadian Grantor shall continue to be liable for any Borrower Obligations or Guarantor Obligations, as
applicable, remaining outstanding and the ABL Collateral Agent shall be entitled to pursue full payment thereof. 
 SECTION 4 REPRESENTATIONS
AND WARRANTIES 
 4.1 Representations and Warranties of Each Canadian Guarantor. To induce the ABL Collateral Agent and the Lenders
to enter into the ABL Credit Agreement and to induce the Canadian Facility Lenders to make their respective extensions of credit to the Canadian Borrower thereunder, each Canadian Guarantor hereby represents and warrants to the ABL Collateral Agent
and each other Secured Party that the representations and warranties set forth in Section 5 of the ABL Credit Agreement as they relate to such Canadian Guarantor or to the Loan Documents to which such Canadian Guarantor is a party, each of
which representations and warranties is hereby incorporated herein by reference, are true and correct in all material respects, and the ABL Collateral Agent and each other Secured Party shall be entitled to rely on each of such representations and
warranties as if fully set forth herein; provided that each reference in each such representation and warranty to the Parent Borrower’s knowledge shall, for the purposes of this subsection 4.1, be deemed to be a reference to such
Canadian Guarantor’s knowledge. 

  
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 4.2 Representations and Warranties of Each Canadian Grantor. To induce the ABL Collateral
Agent and the Lenders to enter into the ABL Credit Agreement and to induce the Canadian Facility Lenders to make their respective extensions of credit to the Canadian Borrower thereunder, each Canadian Grantor hereby represents and warrants to the
ABL Collateral Agent and each other Secured Party that, in each case after giving effect to the Transactions: 
 4.2.1
Title; No Other Liens. Except for the security interests granted to the ABL Collateral Agent for the benefit of the Secured Parties pursuant to this Agreement and the other Liens permitted to exist on such Canadian Grantor’s Security
Collateral by the ABL Credit Agreement (including, without limitation, subsection 8.2 thereof), such Canadian Grantor owns each item of such Canadian Grantor’s Collateral free and clear of any and all Liens. As of the Closing Date, except as
set forth on Schedule 3, no currently effective financing statement or other similar public notice with respect to any Lien securing Indebtedness on all or any part of such Canadian Grantor’s Security Collateral is on file or of record
in any public office in Canada, any province, territory or dependency thereof or the District of Columbia, except such as have been filed in favour of the ABL Collateral Agent for the benefit of the Secured Parties pursuant to this Agreement or as
are permitted by the ABL Credit Agreement (including, without limitation, subsection 8.2 thereof) or any other Loan Document or for which financing charge statements or discharges will be delivered on the Closing Date. 

4.2.2 Perfected First Priority Liens. 

(a) This Agreement is effective to create, as collateral security for the Obligations of such Canadian Grantor, valid and
enforceable Liens on such Canadian Grantor’s Security Collateral in favour of the ABL Collateral Agent for the benefit of the Secured Parties, except as to enforcement, as may be limited by applicable domestic or foreign bankruptcy, insolvency,
fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally, general equitable principles (whether considered in a proceeding in equity or at law) and an implied covenant of good
faith and fair dealing. 
 (b) Except with regard to (i) Liens (if any) on Specified Assets and
(ii) any rights in favour of the Canadian federal, provincial or territorial government as required by law (if any), upon the completion of the Filings and, with respect to Instruments, Chattel Paper and Documents of Title, upon the
earlier of such Filing or the delivery to and continuing possession by the ABL Collateral Agent of all Instruments, Chattel Paper and Documents of Title a security interest in which is perfected by possession, and upon obtaining and maintenance of
“control” (as defined in the STA) by the ABL Collateral Agent or any nominee of the ABL Collateral Agent with respect to Pledged Stock), the Liens created pursuant to this Agreement will constitute valid Liens on and (to the extent
provided herein) perfected security interests in such Canadian Grantor’s Security Collateral in favour of the ABL Collateral Agent for the benefit of the Secured Parties, and will be prior to all other Liens of all other Persons, in each case
other than Liens permitted to have priority pursuant to subsection 8.2 of the ABL Credit Agreement, and enforceable as such as against all other Persons other than Ordinary Course Transferees, except to the extent that the recording of an assignment
or other transfer of title to the ABL Collateral Agent or the recording of other applicable documents in the Canadian Intellectual Property Office may be necessary for perfection or enforceability, and except as to enforcement, as may be limited by
applicable domestic or foreign bankruptcy, insolvency, fraudulent conveyance, reorganisation, moratorium and 

  
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other similar laws relating to or affecting creditors’ rights generally, general equitable principles (whether considered in a proceeding in equity or at law) and an implied covenant of good
faith and fair dealing. As used in this subsection 4.2.2(b), the following terms shall have the following meanings: 

“Filings”: the filing or recording of (i) the Financing Statements as set forth in Schedule
3, (ii) this Agreement or short form or a notice thereof with respect to Intellectual Property as set forth in Schedule 3, and (iii) any filings after the Closing Date in any other jurisdiction as may be necessary
under any Requirement of Law. 
 “Financing Statements”: the financing statements or financing change
statements for filing in the jurisdictions listed in Schedule 4A which such schedule includes the jurisdictions where each Canadian Grantor has tangible personal property. 

“Ordinary Course Transferees”: (i) with respect to Goods only, buyers in the ordinary course of
business and lessees in the ordinary course of business, (ii) with respect to Intangibles only, licensees in the ordinary course of business and (iii) any other Person who is entitled to take free of the Lien pursuant to the PPSA as
in effect from time to time in the relevant jurisdiction. 
 “Specified Assets”: the following property and
assets of such Canadian Grantor: 
  

	 	(1)	Patents, Patent Licenses, Trade-marks, Trade-mark Licenses, Industrial Designs and Industrial Design Licenses to the extent that (a) Liens thereon cannot be perfected by the filing of financing statements
under the PPSA or by the filing and acceptance of this Agreement or intellectual property security agreements in the Canadian Intellectual Property Office or (b) such Patents, Patent Licenses, Trade-marks, Trade-mark Licenses, Industrial
Designs and Industrial Design Licenses are not, individually or in the aggregate, material to the business of the Parent Borrower and its Subsidiaries taken as a whole; 

 

	 	(2)	Copyrights and Copyright Licenses with respect thereto and Accounts or receivables arising therefrom to the extent that the PPSA is not applicable to the creation or perfection of Liens thereon or Liens thereon cannot
be perfected by filing and acceptance of intellectual property security agreements in the Canadian Intellectual Property Office; 

  

	 	(3)	Collateral for which the perfection of Liens thereon requires filings in or other actions under the laws of jurisdictions outside of Canada and the United States of America (or any province, territory or state thereof,
as applicable); 

  

	 	(4)	Goods included in Collateral received by any Person from any Canadian Grantor for “sale or return” to the extent of claims of creditors of such Person; 

 

	 	(5)	fixtures, Vehicles, any other assets subject to certificates of title, Money and Cash Equivalents (other than Cash Equivalents constituting Investment Property to the extent a security interest therein is perfected by
the filing of a financing statement under the PPSA as in effect from time to time in the relevant jurisdiction); 

  
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	 	(6)	Proceeds of Accounts or Inventory which do not themselves constitute Collateral or which do not constitute identifiable cash Proceeds or which have not yet been transferred to or deposited in the Collateral Proceeds
Account (if any) or the Concentration Account of a Canadian Grantor subject to the ABL Collateral Agent’s control; 

  

	 	(7)	Contracts, Accounts or receivables subject to the Financial Administration Act (Canada); 

  

	 	(8)	Uncertificated Securities (to the extent a security interest is not perfected by the filing of a financing statement under the PPSA as in effect from time to time in the relevant jurisdiction); 

 

	 	(9)	any Goods in which a security interest is not perfected by filing a financing statement in either the applicable Canadian Grantor’s jurisdiction of organization or the jurisdiction of the location of such Goods;
and 

  

	 	(10)	any assets specifically requiring perfection through control agreements (including cash, cash equivalents, deposit accounts or other bank or securities accounts), other than (i) any assets in which a
security interest is automatically perfected by filings under the PPSA, (ii) Pledged Stock and (iii) DDAs, Concentration Accounts and the Canadian Core Concentration Account (in each case only to the extent required pursuant
to subsection 4.16 of the ABL Credit Agreement). 

 4.2.3 Jurisdiction of Organization and Location of Collateral. On
the date hereof, such Canadian Grantor’s jurisdiction of organization, location of its chief executive office and the location of its Collateral are as specified on Schedule 4B, including the books and records relating to the Collateral.

 4.2.4 [Reserved] 

4.2.5 Accounts Receivable. The amounts represented by such Canadian Grantor to the Administrative Agent or the other Secured Parties
from time to time as owing by each account debtor or by all account debtors in respect of such Canadian Grantor’s Accounts Receivable constituting Collateral will at such time be the correct amount, in all material respects, actually owing by
such account debtor or debtors thereunder, except to the extent that appropriate reserves therefor have been established on the books of such Canadian Grantor in accordance with GAAP. Unless otherwise indicated in writing to the Administrative
Agent, each Account Receivable of such Canadian Grantor arises out of a bona fide sale and delivery of goods or rendition of services by such Canadian Grantor. Such Canadian Grantor has not given any account debtor any deduction in respect of the
amount due under any such Account, except in the ordinary course of business, as otherwise permitted by the Loan Documents or as such Canadian Grantor may otherwise advise the Administrative Agent in writing. 

4.2.6 Patents, Trade-marks, Copyrights and Industrial Designs. Schedule 5 lists all material Trade-marks, material Copyrights,
material Patents and material Industrial Designs, in each case, registered in the Canadian Intellectual Property Office and owned by such Canadian Grantor in its own name as of the date hereof, and all material Trade-mark Licenses, all material
Copyright Licenses, all material Patent Licenses and all material Industrial Design Licenses (including, without limitation, material Trade-mark Licenses for registered Trade-marks, material 

  
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Copyright Licenses for registered Copyrights, material Patent Licenses for registered Patents and material Industrial Design Licenses for registered Industrial Designs but excluding licenses to
commercially available “off-the-shelf” software) owned by such Canadian Grantor in its own name as of the date hereof, in each case, other than Foreign Intellectual Property. 

4.2.7 [Reserved]. 

4.3 Representations and Warranties of Each Canadian Pledgor. To induce the ABL Collateral Agent, the Administrative Agent and the
Canadian Facility Lenders to enter into the ABL Credit Agreement and to induce the Canadian Facility Lenders to make their respective extensions of credit to the Canadian Borrower thereunder, each Canadian Pledgor hereby represents and warrants to
the ABL Collateral Agent and each other Secured Party that: 
 4.3.1 Except as provided in subsection 3.3, the shares
of Pledged Stock pledged by such Canadian Pledgor hereunder include all the issued and outstanding shares of all classes of the Capital Stock of such Subsidiary owned by such Canadian Pledgor. 

4.3.2 [Reserved]. 

4.3.3 Such Canadian Pledgor is the record and beneficial owner of, and has good title to, the Pledged Securities pledged by it
hereunder, free of any and all Liens securing Indebtedness owing to any other Person, except the security interest created by this Agreement and Liens permitted by subsection 8.2 of the ABL Credit Agreement. 

4.3.4 Except with respect to security interests in Pledged Securities (if any) constituting Specified Assets, upon delivery to
the ABL Collateral Agent of the Certificated Securities evidencing the Pledged Securities held by such Canadian Pledgor together with executed undated stock powers or other instruments of transfer, the security interest created by this Agreement in
such Pledged Securities constituting Certificated Securities, assuming the continuing possession of such Pledged Securities by the ABL Collateral Agent will constitute a valid, perfected first priority security interest in such Pledged Securities to
the extent provided in and governed by the PPSA enforceable in accordance with its terms against all creditors of such Canadian Pledgor and any Persons purporting to purchase such Pledged Securities from such Canadian Pledgor, in each case subject
to Liens permitted by subsection 8.2 of the ABL Credit Agreement to attach to such Pledged Securities, and except as to enforcement, as may be limited by applicable domestic or foreign bankruptcy, insolvency, fraudulent conveyance, reorganization,
moratorium and other similar laws relating to or affecting creditors’ rights generally, general equitable principles (whether considered in a proceeding in equity or at law) and an implied covenant of good faith and fair dealing. 

4.3.5 Except with respect to security interests in Pledged Securities (if any) constituting Specified Assets, upon the earlier
of (x) the filing of the Financing Statements or of financing statements delivered pursuant to subsection 7.9 of the ABL Credit Agreement in the relevant jurisdiction and (y) the obtaining and maintenance of
“control” (as described in the STA) by the ABL Collateral Agent (or its agent appointed for purposes of perfection), of all Pledged Securities that constitute Uncertificated Securities, the security interest created by this Agreement in
such Pledged Securities that constitute Uncertificated Securities and upon filing of the financing statements listed on Schedule 3, will constitute a valid, perfected (and in the case of clause (y), first priority) security interest in such
Pledged Securities constituting Uncertificated Securities to the extent provided in and governed by the STA, enforceable in accordance with its 

  
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terms against all creditors of such Canadian Pledgor and any persons purporting to purchase such Pledged Securities from such Canadian Pledgor, to the extent provided in and governed by the STA,
in each case subject to Liens permitted by subsection 8.2 of the ABL Credit Agreement to attach to such Pledged Securities, and except as to enforcement, as may be limited by applicable domestic or foreign bankruptcy, insolvency, fraudulent
conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally, general equitable principles (whether considered in a proceeding in equity or at law) and an implied covenant of good faith and
fair dealing. 
 4.4 Representations and Warranties of Each Canadian Granting Party. 

4.4.1 As of the Closing Date, Schedule 4B sets forth the full and exact legal name (as it appears in each respective
certificate or articles of incorporation, limited liability company certificate of formation or similar organizational documents, in each case as amended to date), the type of organization, the jurisdiction of organization (or formation, as
applicable), the organizational identification number and the principal place of business (or chief executive office address if such Canadian Grantor has more than one principal place of business) and the preferred mailing address (if different than
chief executive office) of each Canadian Granting Party. 
 SECTION 5 COVENANTS 

5.1 Covenants of Each Canadian Guarantor. Each Canadian Guarantor covenants and agrees with the ABL Collateral Agent and the other
Secured Parties that, from and after the date of this Agreement until the earliest to occur of (i) the date upon which the Canadian Facility Revolving Credit Loans, any Reimbursement Obligations with respect to Canadian Facility Letters
of Credit, and all other Obligations then due and owing, shall have been paid in full in cash, no Canadian Facility Letter of Credit shall be outstanding (except for Canadian Facility Letters of Credit that have been cash collateralized, backstopped
or otherwise provided for pursuant to arrangements reasonably acceptable to the relevant Issuing Lender) and the Commitments shall have terminated, (ii) as to any Canadian Guarantor, a sale or other disposition of all the Capital Stock
of such Canadian Guarantor (other than to the Canadian Borrower or a Canadian Guarantor), or any other transaction or occurrence as a result of which such Canadian Guarantor ceases to be a Restricted Subsidiary of the Parent Borrower, in each case
that is permitted under the ABL Credit Agreement or (iii) as to any Canadian Guarantor, such Canadian Guarantor becoming an Excluded Subsidiary, such Canadian Guarantor shall take, or shall refrain from taking, as the case may be, each
action that is necessary to be taken or not taken, as the case may be, so that no Default or Event of Default is caused by the failure to take such action or to refrain from taking such action by such Canadian Guarantor or any of its Restricted
Subsidiaries. 
 5.2 Covenants of Each Canadian Grantor. Each Canadian Grantor covenants and agrees with the ABL Collateral Agent and
the other Secured Parties that, from and after the date of this Agreement until the earliest to occur of (i) the date upon which the Canadian Facility Revolving Credit Loans, any Reimbursement Obligations with respect to Canadian
Facility, and all other Obligations then due and owing shall have been paid in full in cash, no Canadian Facility Letter of Credit shall be outstanding (except for Canadian Facility Letters of Credit that have been cash collateralized, backstopped
or otherwise provided for pursuant to arrangements reasonably acceptable to the relevant Issuing Lender) and the Commitments shall have terminated, (ii) as to any Canadian Grantor, a sale or other disposition of all the Capital Stock of
such Canadian Grantor (other than to the Canadian Borrower or a Canadian Guarantor), or any other transaction or occurrence as a result of which such Canadian Grantor ceases to be a Restricted Subsidiary of the Parent Borrower, in each case that is
permitted under the ABL Credit Agreement or (iii) as to any Canadian Grantor, such Canadian Grantor becoming an Excluded Subsidiary: 

  
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 5.2.1 Delivery of Instruments and Chattel Paper. If any amount payable
under or in connection with any of such Canadian Grantor’s Collateral shall be or become evidenced by any Instrument or Chattel Paper, such Canadian Grantor shall (except as provided in the following sentence) be entitled to retain possession
of all Collateral of such Canadian Grantor evidenced by any Instrument or Chattel Paper, and shall hold all such Collateral in trust for the ABL Collateral Agent, for the benefit of the Secured Parties. In the event that an Event of Default shall
have occurred and be continuing, upon the request of the ABL Collateral Agent such Instrument or Chattel Paper shall be promptly delivered to the ABL Collateral Agent, duly endorsed in a manner reasonably satisfactory to the ABL Collateral Agent, to
be held as Collateral pursuant to this Agreement. Such Canadian Grantor shall not permit any other Person to possess any such Collateral at any time other than in connection with any sale or other disposition of such Collateral in a transaction
permitted by the ABL Credit Agreement. 
 5.2.2 [Reserved] 

5.2.3 Payment of Obligations. Such Canadian Grantor will pay and discharge or otherwise satisfy before they become
delinquent, as the case may be, all material taxes, assessments and governmental charges or levies imposed upon such Canadian Grantor’s Collateral or in respect of income or profits therefrom, as well as all material claims of any kind
(including, without limitation, material claims for labour, materials and supplies) against or with respect to such Canadian Grantor’s Collateral, except where the amount or validity thereof is currently being contested in good faith by
appropriate proceedings and reserves in conformity with GAAP with respect thereto have been provided on the books of such Canadian Grantor and except to the extent that failure to do so, in the aggregate, would not reasonably be expected to have a
Material Adverse Effect. 
 5.2.4 Maintenance of Perfected Security Interest; Further Documentation. 

(a) Such Canadian Grantor shall maintain the security interest created by this Agreement in such Canadian Grantor’s
Collateral as a perfected security interest as and to the extent described in subsection 4.2.2 and to defend the security interest created by this Agreement in such Canadian Grantor’s Collateral against the claims and demands of all
Persons whomsoever (subject to the other provisions hereof). 
 (b) Such Canadian Grantor will furnish to the ABL Collateral
Agent from time to time statements and schedules further identifying and describing such Canadian Grantor’s Collateral and such other reports in connection with such Canadian Grantor’s Collateral as the ABL Collateral Agent may reasonably
request in writing, all in reasonable detail. 
 (c) At any time and from time to time, upon the written request of the ABL
Collateral Agent, and at the sole expense of such Canadian Grantor, such Canadian Grantor will promptly and duly execute and deliver such further instruments and documents and take such further actions as the ABL Collateral Agent may reasonably
request for the purpose of obtaining or preserving the full benefits of this Agreement and of the rights and powers herein granted by such Canadian Grantor, including, without limitation, the filing of any financing statements or financing change
statements under the PPSA as in effect from time to time in any Canadian jurisdiction with respect to the security interests created hereby; provided that, notwithstanding any other provision of this Agreement or any other Loan Document,
neither the Canadian Borrower nor any Canadian Grantor will be required to (i) take any action in any jurisdiction other than Canada, or required by the laws of any such non-Canadian jurisdiction, or enter into any security agreement

  
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or pledge agreement governed by the laws of any such non-Canadian jurisdiction, in order to create any security interests (or other Liens) in assets located or titled outside of Canada or to
perfect any security interests (or other Liens) in any Collateral, (ii) deliver control agreements with respect to, or confer perfection by “control” over, any deposit accounts, bank or securities account or other Collateral,
except (A) as required by subsection 4.16 of the ABL Credit Agreement and (B) in the case of Security Collateral that constitutes Capital Stock or Intercompany Notes in certificated form, delivering such Capital Stock or
Intercompany Notes to the ABL Collateral Agent (or another Person as required under any applicable Intercreditor Agreement), (iii) take any action in order to perfect any security interests in any assets specifically requiring perfection
through control (including cash, cash equivalents, deposit accounts or securities accounts) (except, in each case (A) as required by subsection 4.16 of the ABL Credit Agreement and (B) to the extent consisting of proceeds
perfected by the filing of a financing statement under the PPSA or, in the case of Pledged Stock, by being held by the ABL Collateral Agent or an Additional Agent as agent for the ABL Collateral Agent), (iv) deliver landlord lien
waivers, estoppels or collateral access letters or (v) file any fixture filing with respect to any security interest in fixtures affixed to or attached to any real property constituting Excluded Assets. 

(d) The ABL Collateral Agent may grant extensions of time for the creation and perfection of security interests in, or
obtaining a delivery of documents or other deliverables with respect to, particular assets of any Canadian Grantor where it determines that such action cannot be accomplished without undue effort or expense by the time or times at which it would
otherwise be required to be accomplished by this Agreement or any other Security Documents. 
 5.2.5 Changes in Name,
Jurisdiction of Organization, etc. Such Canadian Grantor will give prompt written notice to the ABL Collateral Agent of any change in its name, legal form or jurisdiction of organization (whether by amalgamation or otherwise) (and in any event,
within 30 days of such change); provided that, promptly after receiving a written request therefor from the ABL Collateral Agent, such Canadian Grantor shall deliver to the ABL Collateral Agent all additional financing statements or financing
change statements and other documents reasonably necessary or desirable to maintain the validity, perfection and priority of the security interests created hereunder and other documents reasonably requested by the ABL Collateral Agent to maintain
the validity, perfection and priority of the security interests as and to the extent provided for herein and upon receipt of such additional financing statements the ABL Collateral Agent shall either promptly file such additional financing
statements or approve the filing of such additional financing statements by such Canadian Grantor. Upon any such approval such Canadian Grantor shall proceed with the filing of the additional financing statements and deliver copies (or other
evidence of filing) of the additional filed financing statements to the ABL Collateral Agent. 
 5.2.6 Notices. Such
Canadian Grantor will advise the ABL Collateral Agent promptly, in reasonable detail, of: 
 (a) any Lien (other than
security interests created hereby or permitted by the ABL Credit Agreement (including Liens permitted by subsection 8.2 of the ABL Credit Agreement) on any of such Canadian Grantor’s Collateral which would materially adversely affect the
ability of the ABL Collateral Agent to exercise any of its remedies hereunder; and 
 (b) the occurrence of any other event
which would reasonably be expected to have a material adverse effect on the security interests created hereby. 

  
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 5.2.7 Pledged Stock. In the case of each Canadian Grantor that is an
Issuer, such Issuer agrees that (i) it will be bound by the terms of this Agreement relating to the Pledged Stock other than ULC Shares issued by it and will comply with such terms insofar as such terms are applicable to it,
(ii) it will notify the ABL Collateral Agent promptly in writing of the occurrence of any of the events described in subsection 5.3.1 with respect to the Pledged Stock issued by it and (iii) the terms of subsections
6.3(c) and 6.7 shall apply to it, mutatis mutandis, with respect to all actions that may be required of it pursuant to subsection 6.3(c) or 6.7 with respect to the Pledged Stock other than ULC Shares issued by it.

 5.2.8 Accounts Receivable. 

(a) With respect to Accounts Receivable, such Canadian Grantor will not, other than in the ordinary course of business or as
permitted by the Loan Documents, (i) grant any extension of the time of payment of any of such Canadian Grantor’s Accounts Receivable, (ii) compromise or settle any such Account Receivable for less than the full amount
thereof, (iii) release, wholly or partially, any Person liable for the payment of any such Account Receivable, (iv) allow any credit or discount whatsoever on any such Account Receivable, (v) amend, supplement or
modify any such Account Receivable unless such extensions, compromises, settlements, releases, credits, discounts, amendments, supplements or modifications would not reasonably be expected to materially adversely affect the value of the Accounts
Receivable taken as a whole or (vi) evidence any Accounts Receivable by an Instrument as Chattel Paper. 
 (b)
Such Canadian Grantor will deliver to the ABL Collateral Agent a copy of each material demand, notice or document received by it from any obligor under the Accounts Receivable that disputes the validity or enforceability of more than 7.5% of the
aggregate amount of the then outstanding Accounts Receivable. 
 5.2.9 Maintenance of Records. Such Canadian Grantor
will keep and maintain at its own cost and expense reasonably satisfactory records of its Collateral, including, without limitation, a record of all payments received and all credits granted with respect to such Collateral, and shall mark such
records to evidence this Agreement and the Liens and the security interests created hereby. 
 5.2.10 Acquisition of
Intellectual Property. Concurrently with the delivery of the annual Compliance Certificate pursuant to subsection 7.2(a) of the ABL Credit Agreement, the Borrower Representative will notify the ABL Collateral Agent of any acquisition by the
Canadian Grantor of (i) any registration of any material Copyright, Patent, Trade-mark or Industrial Design or (ii) any exclusive rights under a material Copyright License, Patent License, Trade-mark License or Industrial
Design License constituting Collateral, and shall take such actions as may be reasonably requested by the ABL Collateral Agent (but only to the extent such actions are within such Canadian Grantor’s control) to perfect the security interest
granted to the ABL Collateral Agent and the other Secured Parties therein, to the extent provided herein in respect of any Copyright, Patent, Trade-mark or Industrial Design constituting Collateral, by (x) the execution and delivery of
an amendment or supplement to this Agreement (or amendments to any such agreement previously executed or delivered by such Canadian Grantor) and/or (y) the making of appropriate registrations (I) of financing statements under
the PPSA as in effect from time to time in any applicable jurisdiction and/or (II) in the Canadian Intellectual Property Office, or with any other applicable Canadian governmental authority. 

  
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 5.2.11 [Reserved]. 

5.2.12 [Reserved]. 

5.2.13 Deposit Accounts; etc. Such Canadian Grantor shall take, or refrain from taking, as the case may be, each action
that is necessary to be taken or not taken, as the case may be, so that no breach of subsection 4.16 of the ABL Credit Agreement is caused by the failure to take such action or to refrain from taking such action by such Canadian Grantor or any of
its Subsidiaries. 
 5.2.14 Protection of Trade-marks. Such Canadian Grantor shall, with respect to any Trade-marks
that are material to the business of such Canadian Grantor, use commercially reasonable efforts not to cease the use of any of such Trade-marks or fail to maintain the level of the quality of products sold and services rendered under any of such
Trade-marks at a level at least substantially consistent with the quality of such products and services as of the date hereof, and shall use commercially reasonable efforts to take all steps reasonably necessary to ensure that licensees of such
Trade-marks use such consistent standards of quality, in each case, except as would not reasonably be expected to have a Material Adverse Effect. 

5.2.15 Protection of Intellectual Property. Subject to and except as permitted by the ABL Credit Agreement, such
Canadian Grantor shall use commercially reasonable efforts not to do any act or omit to do any act whereby any of the Intellectual Property that is material to the business of Canadian Grantor may lapse, expire, or become abandoned, or
unenforceable, in each case, except as would not reasonably be expected to have a Material Adverse Effect. 
 5.2.16
Assignment of Letter-of-Credit Rights. In the case of any letters of credit not constituting Excluded Assets acquired following the Closing Date and constituting Collateral, such Canadian Grantor shall use its commercially reasonable efforts
to promptly obtain the consent of the issuer thereof and any nominated person thereon to the assignment of the proceeds of the related letter of credit. 

5.3 Covenants of Each Canadian Pledgor. Each Canadian Pledgor covenants and agrees with the ABL Collateral Agent and the other Secured
Parties that, from and after the date of this Agreement until the earliest to occur of (i) the Canadian Facility Revolving Credit Loans, any Reimbursement Obligations with respect to Canadian Facility Letters of Credit, and all other
Obligations then due and owing shall have been paid in full in cash, no Canadian Facility Letter of Credit shall be outstanding (except for Canadian Facility Letters of Credit that have been cash collateralized, backstopped or otherwise provided for
pursuant to arrangements reasonably acceptable to the relevant Issuing Lender) and the Commitments shall have terminated, (ii) as to any Canadian Pledgor, a sale or other disposition of all the Capital Stock of such Canadian Pledgor
(other than to the Canadian Borrower or a Canadian Guarantor), or any other transaction or occurrence as a result of which such Canadian Pledgor ceases to be a Restricted Subsidiary of the Parent Borrower, in each that is permitted under the ABL
Credit Agreement or (iii) as to any Canadian Pledgor, such Canadian Pledgor becoming an Excluded Subsidiary: 

5.3.1 Additional Shares. If such Canadian Pledgor shall, as a result of its ownership of its Pledged Stock, become
entitled to receive or shall receive any Certificated Securities (including, without limitation, any Certificated Securities representing a stock dividend or a distribution in connection with any reclassification, increase or reduction of capital or
any Certificated Securities issued in connection with any reorganization), stock option or similar rights in respect of the Capital Stock of any Issuer, whether in addition to, in substitution of, as a conversion of, or in exchange for, any shares
of the Pledged Stock, or otherwise in respect thereof, such Canadian Pledgor shall accept the same as the agent of the ABL Collateral Agent 

  
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and the other Secured Parties, hold the same in trust for the ABL Collateral Agent and the other Secured Parties and deliver the same forthwith to the ABL Collateral Agent (who will hold the same
on behalf of the Secured Parties as Pledged Collateral) in the exact form received, duly endorsed by such Canadian Pledgor to the ABL Collateral Agent, as applicable, if required, together with an undated stock power covering such Certificated
Securities duly executed in blank by such Canadian Grantor, to be held by the ABL Collateral Agent subject to the terms hereof, as additional collateral security for the Obligations (subject to subsection 3.3). Any sums paid upon or in
respect of the Pledged Stock upon the liquidation or dissolution of any Issuer (except any liquidation or dissolution of any Subsidiary of the Parent Borrower not prohibited by the ABL Credit Agreement) shall be paid over to the ABL Collateral Agent
to be held by the ABL Collateral Agent subject to the terms hereof as additional collateral security for the Obligations, and, except in the case of ULC Shares, in case any distribution of capital shall be made on or in respect of the Pledged Stock
or any property shall be distributed upon or with respect to the Pledged Stock pursuant to the recapitalization or reclassification of the capital of any Issuer or pursuant to the reorganization thereof, the property so distributed shall, unless
otherwise subject to a perfected security interest in favour of the ABL Collateral Agent, be delivered to the ABL Collateral Agent to be held by the ABL Collateral Agent subject to the terms hereof as additional collateral security for the
Obligations, in each case except as otherwise provided by the applicable Intercreditor Agreement. If any sums of money or property so paid or distributed in respect of the Pledged Stock shall be received by such Canadian Pledgor, such Canadian
Pledgor shall, until such money or property is paid or delivered to the ABL Collateral Agent hold such money or property in trust for the Secured Parties, segregated from other funds of such Canadian Pledgor, as additional collateral security for
the Obligations. 
 5.3.2 [Reserved]. 

5.3.3 Pledged Notes. Such Canadian Pledgor shall, within 60 days (or such longer period as may be agreed by the ABL
Collateral Agent in its sole discretion) following the date of this Agreement (or on such later date upon which it becomes a party hereto pursuant to subsection 9.15), deliver to the ABL Collateral Agent all Pledged Notes then held by such
Canadian Pledgor endorsed in blank or, at the request of the ABL Collateral Agent, endorsed to the ABL Collateral Agent. Furthermore, within ten Business Days after any Canadian Pledgor obtains a Pledged Note, such Canadian Pledgor shall cause such
Pledged Note to be delivered to the ABL Collateral Agent endorsed in blank or, at the request of the ABL Collateral Agent, endorsed to the ABL Collateral Agent. 

5.3.4 Maintenance of Security Interest. 

(a) Such Canadian Pledgor shall maintain the security interest created by this Agreement in such Canadian Pledgor’s
Pledged Collateral as a security interest having at least the perfection and priority described in subsection 4.3.4 or subsection 4.3.5, as applicable and shall defend such security interest against the claims and demands of all Persons whomsoever.
At any time and from time to time, upon the written request of the ABL Collateral Agent and at the sole expense of such Canadian Pledgor, such Canadian Pledgor will promptly and duly execute and deliver such further instruments and documents and
take such further actions as the ABL Collateral Agent may reasonably request for the purpose of obtaining or preserving the full benefits of this Agreement and of the rights and powers herein granted by such Canadian Pledgor; provided, that
notwithstanding any other provision of this Agreement or any other Loan Documents, neither the Parent Borrower nor any other Canadian Pledgor will be required to (i) take any action in any jurisdiction other Canada, or required by the
laws of any such non-Canadian jurisdiction, or enter into any security agreement or pledge agreement governed by the laws of any such non-Canadian 

  
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jurisdiction, in order to create any security interests (or other Liens) in assets located or titled outside of Canada or to perfect any security interests (or other Liens) in any Collateral,
(ii) deliver control agreements with respect to, or confer perfection by “control” over, any deposit accounts, bank or securities account or other Collateral, except (A) as required by subsection 4.16 of the ABL
Credit Agreement and (B) in the case of Security Collateral that constitutes Capital Stock or Intercompany Notes in certificated form, delivering such Capital Stock or Intercompany Notes to the ABL Collateral Agent (or another Person as
required under any applicable Intercreditor Agreement), (iii) take any action in order to perfect any security interests in any assets specifically requiring perfection through control (including cash, cash equivalents, deposit accounts
or securities accounts) constituting Excluded Assets (except, in each case, to the extent consisting of proceeds perfected by the filing of a financing statement under the PPSA or, in the case of Pledged Stock, by being held by the ABL Collateral
Agent or an Additional Agent as agent for the ABL Collateral Agent), (iv) deliver landlord lien waivers, estoppels or collateral access letters or (v) file any fixture filing with respect to any security interest in fixtures
affixed to or attached to any real property constituting Excluded Assets. 
 (b) The ABL Collateral Agent may grant
extensions of time for the creation and perfection of security interests in, or obtaining or delivery of documents or other deliverables with respect to, particular assets of any Canadian Pledgor where it determines that such action cannot be
accomplished without undue effort or expense by the time or times at which it would otherwise be required to be accomplished by this Agreement or any other Security Documents. 

SECTION 6 REMEDIAL PROVISIONS 

6.1 Certain Matters Relating to Accounts. 

(a) At any time and from time to time after the occurrence and during the continuance of an Event of Default, the ABL Collateral Agent shall
have the right to make test verifications of the Accounts Receivable constituting Collateral in any reasonable manner and through any reasonable medium that it reasonably considers advisable, and the relevant Canadian Grantor shall furnish all such
assistance and information as the ABL Collateral Agent may reasonably require in connection with such test verifications. At any time and from time to time after the occurrence and during the continuance of an Event of Default upon the ABL
Collateral Agent’s reasonable request and at the expense of the relevant Canadian Grantor, such Canadian Grantor shall cause independent public or chartered accountants or others reasonably satisfactory to the ABL Collateral Agent to furnish to
the ABL Collateral Agent reports showing reconciliations, aging and test verifications of, and trial balances for, the Accounts Receivable constituting Collateral. 

(b) The ABL Collateral Agent hereby authorizes each Canadian Grantor to collect such Canadian Grantor’s Accounts Receivable and the ABL
Collateral Agent may curtail or terminate said authority at any time, without limiting the ABL Collateral Agent’s rights under subsection 4.16 of the ABL Credit Agreement, after the occurrence and during the continuance of an Event of Default
specified in subsection 9(a) of the ABL Credit Agreement. If required by the ABL Collateral Agent at any time, without limiting the ABL Collateral Agent’s rights under subsection 4.16 of the ABL Credit Agreement, after the occurrence and during
the continuance of an Event of Default specified in subsection 9(a) of the ABL Credit Agreement any Proceeds constituting payments or other cash Proceeds of Accounts Receivable constituting Collateral, when collected by such Canadian Grantor,
(i) shall be forthwith (and, in any event, within two Business Days of receipt by such Canadian Grantor) deposited in, or otherwise transferred by such Canadian Grantor to, the Collateral Proceeds Account, subject to withdrawal by the

  
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ABL Collateral Agent for the account of the Secured Parties only as provided in subsection 6.5, and (ii) until so turned over, shall be held by such Canadian Grantor in trust
for the ABL Collateral Agent and the other Secured Parties, segregated from other funds of such Canadian Grantor. All Proceeds constituting collections or other cash Proceeds of Accounts Receivable constituting Collateral while held by the
Collateral Account Bank (or by any Canadian Grantor in trust for the benefit of the ABL Collateral Agent and the other Secured Parties) shall continue to be collateral security for all of the Obligations and shall not constitute payment thereof
until applied as hereinafter provided. At any time when an Event of Default specified in subsection 9(a) of the ABL Credit Agreement has occurred and is continuing at the ABL Collateral Agent’s election, each of the ABL Collateral Agent and the
Administrative Agent may apply all or any part of the funds on deposit in the Collateral Proceeds Account established by the relevant Canadian Grantor to the payment of the Obligations of such Canadian Grantor then due and owing, such application to
be made as set forth in subsection 6.5. So long as no Event of Default has occurred and is continuing, the funds on deposit in the Collateral Proceeds Account shall be remitted as provided in subsection 6.1(d). 

(c) At any time and from time to time after the occurrence and during the continuance of an Event of Default specified in subsection 9(a) of
the ABL Credit Agreement at the ABL Collateral Agent’s request, each Canadian Grantor shall deliver to the ABL Collateral Agent copies or, if required by the ABL Collateral Agent for the enforcement thereof or foreclosure thereon, originals of
all documents held by such Canadian Grantor evidencing, and relating to, the agreements and transactions which gave rise to such Canadian Grantor’s Accounts Receivable constituting Collateral, including, without limitation, all statements
relating to such Canadian Grantor’s Accounts Receivable constituting Collateral and all orders, invoices and shipping receipts related thereto. 

(d) So long as no Event of Default has occurred and is continuing the ABL Collateral Agent shall instruct the Collateral Account Bank to
promptly remit any funds on deposit in each Canadian Grantor’s Collateral Proceeds Account to any account designated by such Canadian Grantor, maintained in compliance with the provisions of subsection 4.16 of the ABL Credit Agreement. In the
event that an Event of Default has occurred and is continuing the ABL Collateral Agent, at its option, may require that each Collateral Proceeds Account and the Concentration Account of each Canadian Grantor be established at the ABL Collateral
Agent or another institution reasonably acceptable to the ABL Collateral Agent. Subject to subsection 4.16 of the ABL Credit Agreement, each Canadian Grantor shall have the right, at any time and from time to time, to withdraw such of its own funds
from its own Concentration Account, and to maintain such balances in its Concentration Account, as it shall deem to be necessary or desirable. 

6.2 Communications with Obligors; Canadian Grantors Remain Liable. 

(a) The ABL Collateral Agent in its own name or in the name of others, may at any time and from time to time after the occurrence and during
the continuance of an Event of Default specified in subsection 9(a) of the ABL Credit Agreement communicate with obligors under the Accounts Receivable and parties to the Contracts (in each case, to the extent constituting Collateral) to verify with
them to the ABL Collateral Agent’s satisfaction the existence, amount and terms of any Accounts Receivable or Contracts. 
 (b) Upon
the request of the ABL Collateral Agent at any time after the occurrence and during the continuance of an Event of Default specified in subsection 9(a) of the ABL Credit Agreement each Canadian Grantor shall notify obligors on such Canadian
Grantor’s Accounts Receivable and parties to such Canadian Grantor’s Contracts (in each case, to the extent constituting Collateral) that such Accounts Receivable and such Contracts have been assigned to the ABL Collateral Agent, for the
benefit of the Secured Parties, and that payments in respect thereof shall be made directly to the ABL Collateral Agent. 

  
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 (c) Anything herein to the contrary notwithstanding, each Canadian Grantor shall remain liable
under each of such Canadian Grantor’s Accounts Receivable to observe and perform all the conditions and obligations to be observed and performed by it thereunder, all in accordance with the terms of any agreement giving rise thereto. None of
the ABL Collateral Agent, the Administrative Agent or any other Secured Party shall have any obligation or liability under any Accounts Receivable (or any agreement giving rise thereto) by reason of or arising out of this Agreement or the receipt by
the ABL Collateral Agent or any other Secured Party of any payment relating thereto, nor shall the ABL Collateral Agent or any other Secured Party be obligated in any manner to perform any of the obligations of any Canadian Grantor under or pursuant
to any Accounts Receivable (or any agreement giving rise thereto) to make any payment, to make any inquiry as to the nature or the sufficiency of any payment received by it or as to the sufficiency of any performance by any party thereunder, to
present or file any claim, to take any action to enforce any performance or to collect the payment of any amounts that may have been assigned to it or to which it may be entitled at any time or times. 

6.3 Pledged Stock. 
 (a)
Unless an Event of Default shall have occurred and be continuing and the ABL Collateral Agent shall have given notice to the relevant Canadian Pledgor of the ABL Collateral Agent’s intent to exercise its corresponding rights pursuant to
subsection 6.3(b), each Canadian Pledgor shall be permitted to receive all cash dividends and distributions paid in respect of the Pledged Stock (subject to the last two sentences of subsection 5.3.1) and all payments made in respect of the
Pledged Notes, to the extent permitted in the ABL Credit Agreement, and to exercise all voting and corporate rights with respect to the Pledged Stock; provided, however, that no vote shall be cast or corporate right exercised or such
other action taken which is prohibited by, or would result in any violation of, any provision of the ABL Credit Agreement, this Agreement or any other Loan Document. 

(b) If an Event of Default shall occur and be continuing and the ABL Collateral Agent shall give written notice of its intent to exercise such
rights to the relevant Canadian Pledgor or Canadian Pledgors, (i) the ABL Collateral Agent, subject to the terms of any applicable Intercreditor Agreement, shall have the right, except in the case of ULC Shares, to receive any and all
cash dividends, payments or other Proceeds paid in respect of the Pledged Stock and make application thereof to the Obligations of the relevant Canadian Pledgor as provided in the ABL Credit Agreement consistent with subsection 6.5, and
(ii) except in the case of ULC Shares, any or all of the Pledged Stock shall be registered in the name of the ABL Collateral Agent or a nominee of any thereof, as applicable, subject to the terms of any applicable Intercreditor
Agreement, and the ABL Collateral Agent, or the nominee, as applicable, subject to the terms of any applicable Intercreditor Agreement, may thereafter exercise (x) except in the case of ULC Shares, all voting, corporate and other rights
pertaining to such Pledged Stock at any meeting of shareholders of the relevant Issuer or Issuers or otherwise and (y) except in the case of ULC Shares, any and all rights of conversion, exchange, subscription and any other rights,
privileges or options pertaining to such Pledged Stock as if it were the absolute owner thereof (including, without limitation, the right to exchange at its discretion any and all of the Pledged Stock other than ULC Shares upon the merger,
amalgamation, consolidation, reorganization, recapitalization or other fundamental change in the corporate structure of any Issuer, or upon the exercise by the relevant Canadian Pledgor or the ABL Collateral Agent, subject to the terms of any
applicable Intercreditor Agreement, of any right, privilege or option pertaining to such Pledged Stock other than ULC Shares, and in connection therewith, the right to deposit and deliver any and all of the Pledged Stock other than ULC Shares with
any committee, depositary, transfer agent, registrar or other designated agency upon such terms and conditions as the ABL Collateral Agent may reasonably determine), all without liability (other than for its gross negligence or willful misconduct)
except to account for property actually received by it, but the ABL Collateral 

  
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Agent shall have no duty to any Canadian Pledgor to exercise any such right, privilege or option and shall not be responsible for any failure to do so or delay in so doing, provided that
the ABL Collateral Agent, shall not exercise any voting or other consensual rights pertaining to the Pledged Stock in any way that would constitute an exercise of the remedies described in subsection 6.6 other than in accordance with
subsection 6.6. 
 (c) Each Canadian Pledgor hereby authorizes and instructs each Issuer or maker of any Pledged Stock pledged by
such Canadian Pledgor hereunder other than ULC Shares to, subject to any applicable Intercreditor Agreement, (i) comply with any instruction received by it from the ABL Collateral Agent in writing with respect to Capital Stock in such
Issuer that (x) states that an Event of Default has occurred and is continuing and (y) is otherwise in accordance with the terms of this Agreement, without any other or further instructions from such Canadian Pledgor, and
each Canadian Pledgor agrees that each Issuer or maker shall be fully protected in so complying, and (ii) unless otherwise expressly permitted hereby, pay any dividends or other payments with respect to the Pledged Stock directly to the
ABL Collateral Agent. 
 6.4 Proceeds to Be Turned Over to the ABL Collateral Agent. In addition to the rights of the ABL Collateral
Agent specified in subsection 6.1 with respect to payments of Accounts Receivable constituting Collateral, if an Event of Default shall occur and be continuing, and the ABL Collateral Agent shall have instructed any Canadian Grantor to do so,
all Proceeds of Collateral received by such Canadian Grantor consisting of cash, cheques and other Cash Equivalent items shall be held by such Canadian Grantor in trust for the ABL Collateral Agent and the other Secured Parties hereto, segregated
from other funds of such Canadian Grantor, and shall, forthwith upon receipt by such Canadian Grantor, be turned over to the ABL Collateral Agent in the exact form received by such Canadian Grantor (duly endorsed by such Canadian Grantor to the ABL
Collateral Agent). All Proceeds of Security Collateral received by the ABL Collateral Agent hereunder shall be held by the ABL Collateral Agent in the relevant Collateral Proceeds Account maintained under its sole dominion and control. All Proceeds
of Security Collateral while held by the ABL Collateral Agent in such Collateral Proceeds Account (or by the relevant Canadian Grantor in trust for the ABL Collateral Agent and the other Secured Parties) shall continue to be held as collateral
security for all the Obligations of such Canadian Grantor and shall not constitute payment thereof until applied as provided in subsection 6.5 and any applicable Intercreditor Agreement. 

6.5 Application of Proceeds. It is agreed that if an Event of Default shall occur and be continuing, any and all Proceeds of the
relevant Canadian Granting Party’s Security Collateral received by the ABL Collateral Agent (whether from the relevant Canadian Granting Party or otherwise) shall be held by the ABL Collateral Agent for the benefit of the Secured Parties as
collateral security for the Obligations of the relevant Canadian Granting Party (whether matured or unmatured), and/or then or at any time thereafter may, in the sole discretion of the ABL Collateral Agent, subject to any applicable Intercreditor
Agreement, be applied by the ABL Collateral Agent against the Obligations of the relevant Canadian Granting Party then due and owing in the order of priority set forth in the ABL Credit Agreement. 

6.6 PPSA and Other Remedies. 

(a) If an Event of Default shall occur and be continuing, subject to the terms of any applicable Intercreditor Agreement, the ABL Collateral
Agent, on behalf of the Secured Parties, may exercise, in addition to all other rights and remedies granted to them in this Agreement and in any other 

  
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instrument or agreement securing, evidencing or relating to the Obligations to the extent permitted by applicable law, all rights and remedies of a secured party under the Bankruptcy and
Insolvency Act (Canada), the Companies’ Creditors Arrangement Act (Canada), the Winding-up and Restructuring Act (Canada) and the PPSA and under any other applicable law and in equity. Subject to subsection 3.3(d),
without limiting the generality of the foregoing, to the extent permitted by applicable law, subject to the terms of any applicable Intercreditor Agreement, the ABL Collateral Agent, without demand of performance or other demand, presentment,
protest, advertisement or notice of any kind (except any notice required by law referred to below) to or upon any Canadian Granting Party or any other Person (all and each of which demands, defenses, advertisements and notices are hereby waived),
may in such circumstances, forthwith collect, receive, appropriate and realize upon the Security Collateral, or any part thereof, and/or may forthwith, subject to any existing reserved rights or licenses, sell, lease, assign, give option or options
to purchase, or otherwise dispose of and deliver the Security Collateral or any part thereof (or contract to do any of the foregoing), in one or more parcels at public or private sale or sales, at any exchange, broker’s board or office of the
ABL Collateral Agent or any other Secured Party or elsewhere upon such terms and conditions as it may deem advisable and at such prices as it may deem best, for cash or on credit or for future delivery without assumption of any credit risk. To the
extent permitted by law, subject to the terms of any applicable Intercreditor Agreement, the ABL Collateral Agent or any other Secured Party shall have the right, upon any such sale or sales, to purchase the whole or any part of the Security
Collateral so sold, free of any right or equity of redemption in such Canadian Grantor, which right or equity is hereby waived and released. Each Canadian Granting Party further agrees, at the ABL Collateral Agent’s request (subject to the
terms of any applicable Intercreditor Agreement), to assemble the Security Collateral and make it available to the ABL Collateral Agent at places which the ABL Collateral Agent shall reasonably select, whether at such Canadian Granting Party’s
premises or elsewhere. The ABL Collateral Agent shall apply the net proceeds of any action taken by it pursuant to this subsection 6.6, after deducting all reasonable costs and expenses of every kind incurred in connection therewith or
incidental to the care or safekeeping of any of the Security Collateral or in any way relating to the Security Collateral or the rights of the ABL Collateral Agent and the other Secured Parties hereunder, including, without limitation, reasonable
attorneys’ fees and disbursements, to the payment in whole or in part of the Obligations of the relevant Canadian Granting Party then due and owing, in the order of priority specified in subsection 6.5, and only after such application
and after the payment by the ABL Collateral Agent of any other amount required by any provision of law, need the ABL Collateral Agent account for the surplus, if any, to such Canadian Granting Party. To the extent permitted by applicable law,
(i) such Canadian Granting Party waives all claims, damages and demands it may acquire against the ABL Collateral Agent or any other Secured Party arising out of the repossession, retention or sale of the Security Collateral, other than
any such claims, damages and demands that may arise from the gross negligence or willful misconduct of any of the ABL Collateral Agent or such other Secured Party, and (ii) if any notice of a proposed sale or other disposition of
Security Collateral shall be required by law, such notice shall be deemed reasonable and proper if given at least 10 days before such sale or other disposition. 

(b) The ABL Collateral Agent may appoint, remove or reappoint by instrument in writing, any Person or Persons, whether an officer or officers
or an employee or employees of any Canadian Granting Party or not, to be an interim receiver, receiver or receivers (hereinafter called a “Receiver,” which term when used herein shall include a receiver and manager) of such
Collateral (including any interest, income or profits therefrom). Any such Receiver shall, to the extent permitted by applicable law, be deemed the agent of such Canadian Granting Party and not of the ABL Collateral Agent, and the ABL Collateral
Agent shall not be in any way responsible for any misconduct, negligence or non-feasance on the part of any such Receiver or its servants, agents or employees. Subject to the provisions of the instrument appointing it, any such Receiver shall, if an
Event of Default shall occur and be continuing, (i) 

  
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have such powers as have been granted to the ABL Collateral Agent under this Section 6 and (ii) be entitled to exercise such powers at any time that such powers would
otherwise be exercisable by the ABL Collateral Agent under this Section 6, which powers shall include, but are not limited to, the power to take possession of the Collateral, to preserve the Collateral or its value, to carry on or concur
in carrying on all or any part of the business of such Canadian Granting Party and, subject to existing reserved rights or licenses, to sell, lease, license or otherwise dispose of or concur in selling, leasing, licensing or otherwise disposing of
the Collateral. To facilitate the foregoing powers, any such Receiver may, to the exclusion of all others, including any Canadian Granting Party, if an Event of Default shall occur and be continuing, enter upon, use and occupy all premises owned or
occupied by such Canadian Granting Party wherein the Collateral may be situated, maintain the Collateral upon such premises, borrow money on a secured or unsecured basis and use the Collateral directly in carrying on such Canadian Granting
Party’s business or as security for loans or advances to enable the Receiver to carry on such Canadian Granting Party’s business or otherwise, as such Receiver shall, in its reasonable discretion, determine. Except as may be otherwise
directed by the ABL Collateral Agent, all money received from time to time by such Receiver in carrying out his/her/its appointment shall be received in trust for and be paid over to the ABL Collateral Agent and any surplus shall be applied in
accordance with applicable law. Every such Receiver may, in the discretion of the ABL Collateral Agent, be vested with, in addition to the rights set out herein, all or any of the rights and powers of the Administrative Agent, the ABL Collateral
Agent described in the ABL Credit Agreement, the PPSA, the Bankruptcy and Insolvency Act (Canada), the Companies’ Creditors Arrangement Act (Canada) or the Winding-Up and Restructuring Act (Canada). 

6.7 Registration Rights. 

(a) Subject to any applicable Intercreditor Agreement, if the ABL Collateral Agent shall determine to exercise its right to sell any or all of
the Pledged Stock pursuant to subsection 6.6, and if in the reasonable opinion of the ABL Collateral Agent it is necessary or reasonably advisable to have the Pledged Stock, or that portion thereof to be sold, registered under the provisions
of the applicable securities legislation, the relevant Canadian Pledgor will use its reasonable best efforts to cause the Issuer thereof to (i) execute and deliver, and use its reasonable best efforts to cause the directors and officers
of such Issuer to execute and deliver, all such instruments and documents, and do or cause to be done all such other acts as may be, in the reasonable opinion of the ABL Collateral Agent, necessary or advisable to register such Pledged Stock, or
that portion thereof to be sold, under the provisions of the applicable securities legislation, (ii) use its reasonable best efforts to cause the registration statement relating thereto to become effective and to remain effective for a
period of not more than one year from the date of the first public offering of such Pledged Stock, or that portion thereof to be sold, and (iii) make all amendments thereto and/or to the related prospectus which, in the reasonable
opinion of the ABL Collateral Agent, are necessary or advisable, all in conformity with the requirements of the applicable securities legislation and the rules and regulations of the applicable securities commission or regulation applicable thereto.
Such Canadian Pledgor agrees to use its reasonable best efforts to cause such Issuer to comply with the provisions of the securities laws of any and all provinces and territories that the ABL Collateral Agent shall reasonably designate and to make
available to its security holders, as soon as practicable, an earnings statement (which need not be audited) that will satisfy the provisions of Section 11(a) of the applicable securities legislation. 

(b) Such Canadian Pledgor recognizes that the ABL Collateral Agent may be unable to effect a public sale of any or all such Pledged Stock, by
reason of certain prohibitions contained in applicable securities legislation or otherwise, and may be compelled to resort to one or more private sales thereof to a restricted group of purchasers which will be obliged to agree, among other things,
to acquire such securities for their own account for investment and not with a view to the distribution or resale thereof. 

  
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Such Canadian Pledgor acknowledges and agrees that any such private sale may result in prices and other terms less favourable than if such sale were a public sale and, notwithstanding such
circumstances, to the extent permitted by applicable law, agrees that any such private sale shall be deemed to have been made in a commercially reasonable manner. The ABL Collateral Agent shall not be under any obligation to delay a sale of any of
the Pledged Stock for the period of time necessary to permit the Issuer thereof to register such securities for public sale under the Securities Act, or under applicable securities legislation, even if such Issuer would agree to do so. 

(c) Such Canadian Pledgor agrees to use its reasonable best efforts to do or cause to be done all such other acts as may be necessary to make
such sale or sales of all or any portion of such Pledged Stock pursuant to this subsection 6.7 valid and binding and in compliance with any and all other applicable Requirements of Law. Such Canadian Pledgor further agrees that a breach of
any of the covenants contained in this subsection 6.7 will cause irreparable injury to the ABL Collateral Agent and the Lenders, that the ABL Collateral Agent and the Lenders have no adequate remedy at law in respect of such breach and, as a
consequence, that each and every covenant contained in this subsection 6.7 shall be specifically enforceable against such Canadian Pledgor, and to the extent permitted by applicable law, such Canadian Pledgor hereby waives and agrees not to
assert any defenses against an action for specific performance of such covenants (except for a defense that no Event of Default has occurred or is continuing under the ABL Credit Agreement). 

6.8 Waiver; Deficiency. Each Canadian Granting Party shall remain liable for any deficiency if the proceeds of any sale or other
disposition of the Security Collateral are insufficient to pay in full, the Canadian Facility Revolving Credit Loans, Reimbursement Obligations constituting Obligations of such Canadian Granting Party and, to the extent then due and owing, all other
Obligations of such Canadian Granting Party and the reasonable fees and disbursements of any legal counsel employed by the ABL Collateral Agent or any other Secured Party to collect such deficiency. 

SECTION 7 THE ABL COLLATERAL AGENT 

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

(a) Each Canadian Granting Party hereby irrevocably constitutes and appoints the ABL Collateral Agent and any authorized officer or agent
thereof, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of such Canadian Granting Party and in the name of such Canadian Granting Party or in its own name,
for the purpose of carrying out the terms of this Agreement, to take any and all appropriate action and to execute any and all documents and instruments that may be reasonably necessary or desirable to accomplish the purposes of this Agreement to
the extent permitted by applicable law, provided that the ABL Collateral Agent agrees not to exercise such power except upon the occurrence and during the continuance of any Event of Default and in accordance with and subject to each
applicable Intercreditor Agreement. Without limiting the generality of the foregoing, at any time when an Event of Default has occurred and is continuing (in each case to the extent permitted by applicable law and subject to each applicable
Intercreditor Agreement), (x) each Canadian Pledgor hereby gives the ABL Collateral Agent the power and right, on behalf of such Canadian Pledgor, without notice or assent by such Canadian Pledgor, to execute, in connection with any sale
provided for in subsection 6.6 or 6.7, any endorsements, assessments or other instruments of conveyance or transfer with respect to such Canadian Pledgor’s Pledged Collateral other than any ULC Shares and (y) each
Canadian Grantor hereby gives the ABL Collateral Agent the power and right, on behalf of such Canadian Grantor, without notice to or assent by such Canadian Grantor, to do any or all of the following: 

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

(ii) in the case of any Copyright, Patent, Trade-mark or Industrial Design constituting Collateral of such Canadian Grantor,
execute and deliver any and all agreements, instruments, documents and papers as the ABL Collateral Agent may reasonably request to such Canadian Grantor to evidence the ABL Collateral Agent’s and the Lenders’ security interest in such
Copyright, Patent, Trade-mark or Industrial Design and the goodwill and intangibles of such Canadian Grantor relating thereto or represented thereby, and such Canadian Grantor hereby consents to the non-exclusive royalty free use by the Collateral
Agent of any Copyright, Patent, Trade-mark or Industrial Design owned by such Canadian Grantor included in the Collateral for the purposes of disposing of any Collateral; 

(iii) pay or discharge taxes and Liens, other than Liens permitted under this Agreement or the other Loan Documents, levied or
placed on the Security Collateral of such Canadian Grantor, effect any repairs or any insurance called for by the terms of this Agreement and pay all or any part of the premiums therefor and the costs thereof; and 

(iv) (A) direct any party liable for any payment under any of the Security Collateral of such Canadian Grantor to make
payment of any and all moneys due or to become due thereunder directly to the ABL Collateral Agent or as the ABL Collateral Agent shall direct; (B) ask or demand for, collect, receive payment of and receipt for, any and all moneys,
claims and other amounts due or to become due at any time in respect of or arising out of any Security Collateral of such Canadian Grantor; (C) sign and endorse any invoices, freight or express bills, bills of lading, storage or
warehouse receipts, drafts against debtors, assignments, verifications, notices and other documents in connection with any of the Security Collateral of such Canadian Grantor; (D) commence and prosecute any suits, actions or proceedings
at law or in equity in any court of competent jurisdiction to collect the Security Collateral of such Canadian Grantor or any portion thereof and to enforce any other right in respect of any Security Collateral of such Canadian Grantor;
(E) defend any suit, action or proceeding brought against such Canadian Grantor with respect to any Security Collateral of such Canadian Grantor; (F) settle, compromise or adjust any such suit, action or proceeding described
in clause (E) above and, in connection therewith, to give such discharges or releases as the ABL Collateral Agent may deem appropriate; (G) subject to any existing reserved rights or licenses, assign any Copyright, Patent,
Trade-mark or Industrial Design constituting Security Collateral of such Canadian Grantor (along with the goodwill of the business to which any such Copyright, Patent, Trade-mark or Industrial Design pertains), for such term or terms, on such
conditions, and in such manner, as the ABL Collateral Agent shall in its sole discretion determine; and (H) generally, sell, transfer, pledge and make any agreement with respect to or otherwise deal with any of the Security Collateral of
such Canadian Grantor as fully and completely as though the ABL Collateral Agent were the absolute owner thereof for all purposes, and do, at the ABL Collateral Agent’s option and such Canadian Grantor’s expense, at any time, or from time
to time, all acts and things which the ABL Collateral Agent deems necessary to protect, preserve or realize upon the Security Collateral of such Canadian Grantor and the ABL Collateral Agent’s and the other Secured Parties’ security
interests therein and to effect the intent of this Agreement, all as fully and effectively as such Canadian Grantor might do. 

  
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 (b) The reasonable expenses of the ABL Collateral Agent incurred in connection with actions
undertaken as provided in this subsection 7.1, together with interest thereon at a rate per annum equal to the rate per annum at which interest would then be payable on past due ABR Loans that are Canadian Facility Revolving Credit Loans
under the ABL Credit Agreement, from the date of payment by the ABL Collateral Agent to the date reimbursed by the relevant Canadian Granting Party, shall be payable by such Canadian Granting Party to the ABL Collateral Agent on demand. 

(c) Each Canadian Granting Party hereby ratifies all that said attorney shall lawfully do or cause to be done by virtue hereof. All powers,
authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable as to the relevant Canadian Granting Party until the earliest to occur of (i) the first date on which all the Canadian Facility
Revolving Credit Loans and all other Borrower Obligations then due and owing, are paid in full in cash, no Canadian Facility Letters of Credit remain outstanding (except for Canadian Facility Letters of Credit that have been cash collateralized,
backstopped or otherwise provided for pursuant to arrangements reasonably acceptable to the relevant Issuing Lender), (ii) as to any Canadian Granting Party, a sale or other disposition of all of the Capital Stock of such Canadian
Granting Party (other than to a Borrower or a Canadian Guarantor), or any other transaction or occurrence as a result of which such Canadian Granting Party ceases to be a Restricted Subsidiary of the Parent Borrower, in each case, that is permitted
under the Credit Agreement and (iii) as to any Canadian Granting Party, such Canadian Granting Party becoming an Excluded Subsidiary. 

7.2 Duty of ABL Collateral Agent. The ABL Collateral Agent’s sole duty with respect to the custody, safekeeping and physical
preservation of the Security Collateral in its possession shall be to deal with it in the same manner as the ABL Collateral Agent deals with similar property for its own account. None of the ABL Collateral Agent or any other Secured Party nor any of
their respective officers, directors, employees or agents shall be liable for failure to demand, collect or realize upon any of the Security Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise dispose of any
Security Collateral upon the request of any Canadian Granting Party or any other Person or, except as otherwise provided herein, to take any other action whatsoever with regard to the Security Collateral or any part thereof. The powers conferred on
the ABL Collateral Agent and the other Secured Parties hereunder are solely to protect the ABL Collateral Agent’s and the other Secured Parties’ interests in the Security Collateral and shall not impose any duty upon the ABL Collateral
Agent or any other Secured Party to exercise any such powers. The ABL Collateral Agent and the other Secured Parties shall be accountable only for amounts that they actually receive as a result of the exercise of such powers, and to the maximum
extent permitted by applicable law, neither they nor any of their officers, directors, employees or agents shall be responsible to any Canadian Granting Party for any act or failure to act hereunder, except as otherwise provided herein or for their
own gross negligence or willful misconduct (as determined by a court of competent jurisdiction in a final and non-appealable decision). 

7.3 Financing Statements. Pursuant to any applicable law, each Canadian Granting Party authorizes the ABL Collateral Agent to file or
record financing statements, financing change statements and other filing or recording documents or instruments with respect to such Canadian Grantor’s Security Collateral without the signature of such Canadian Granting Party in such form and
in such filing offices as the ABL Collateral Agent reasonably determines appropriate to perfect the security interests of the ABL Collateral Agent under this Agreement. Each Canadian Granting Party authorizes the ABL Collateral Agent to use any
collateral description reasonably determined by the ABL Collateral Agent, including, without limitation, the collateral description “all personal property now existing or hereafter acquired” or “all assets no existing or
hereafter 

  
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acquired” or words of similar meaning in any such financing statements or financing charge statements. The ABL Collateral Agent agrees to use its commercially reasonable efforts to notify
the relevant Canadian Granting Party of any financing statement or financing change statement filed by it, provided that any failure to give such notice shall not affect the validity or effectiveness of any such filing. 

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

7.5 Right of Inspection. Upon reasonable written advance notice to any Canadian Grantor and as often as may reasonably be desired, or
at any time and from time to time after the occurrence and during the continuation of an Event of Default, the ABL Collateral Agent shall have reasonable access during normal business hours to all the books, correspondence and records of such
Canadian Grantor, and the ABL Collateral Agent and its representatives may examine the same, and to the extent reasonable take extracts therefrom and make photocopies thereof, and such Canadian Grantor agrees to render to the ABL Collateral Agent at
such Canadian Grantor’s reasonable cost and expense, such clerical and other assistance as may be reasonably requested with regard thereto. The ABL Collateral Agent and its representatives shall also have the right, upon reasonable advance
written notice to such Canadian Grantor subject to any lease restrictions, to enter during normal business hours into and upon any premises owned, leased or operated by such Canadian Grantor where any of such Canadian Grantor’s Inventory or
Equipment is located for the purpose of inspecting the same, observing its use or otherwise protecting its interests therein to the extent not inconsistent with the provisions of the ABL Credit Agreement and the other Loan Documents (and subject to
each applicable Intercreditor Agreement). 
 SECTION 8 NON-LENDER SECURED PARTIES 

8.1 Rights to Collateral. 

(a) The Non-Lender Secured Parties shall not have any right whatsoever to do any of the following: (i) exercise any rights or
remedies with respect to the Collateral (such term, as used in this Section 8, having the meaning assigned to it in the ABL Credit Agreement), or to direct the ABL Collateral Agent to do the same, including, without limitation, the right
to (A) enforce any Liens or sell or otherwise foreclose on any portion of the Collateral, (B) request any action, institute any proceedings, exercise any voting rights, give any instructions, make any election, notify account
debtors or make collections with respect to all or any portion of the Collateral or (C) release any Canadian Granting Party under this Agreement or release any Collateral from the Liens of any Security Document or consent to or otherwise
approve any such release; (ii) demand, accept or obtain any Lien on any Collateral (except for Liens arising under, and subject to the terms of, this Agreement); (iii) vote in any Bankruptcy Case or similar proceeding in
respect of the Canadian Borrower or any of its Subsidiaries (any such proceeding, for purposes of this clause (a), a “Bankruptcy”) with respect to, or take any other actions concerning the Collateral; (iv) receive
any proceeds from any sale, transfer or other disposition of any of the Collateral 

  
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(except in accordance with this Agreement); (v) oppose any sale, transfer or other disposition of the Collateral; (vi) object to any debtor-in-possession financing in any
Bankruptcy which is provided by one or more Lenders among others (including on a priming basis under the Companies’ Creditors Arrangement Act, the Bankruptcy and Insolvency Act (Canada), or any other applicable law);
(vii) object to the use of cash collateral in respect of the Collateral in any Bankruptcy; or (viii) seek, or object to the Lenders or Agents seeking on an equal and ratable basis, any adequate protection or relief from the
automatic stay with respect to the Collateral in any Bankruptcy. 
 (b) Each Non-Lender Secured Party, by its acceptance of the benefits of
this Agreement and the other Security Documents, agrees that in exercising rights and remedies with respect to the Collateral, the ABL Collateral Agent and the Canadian Facility Lenders, with the consent of the ABL Collateral Agent, may enforce the
provisions of the Security Documents and exercise remedies thereunder and under any other Loan Documents (or refrain from enforcing rights and exercising remedies), all in such order and in such manner as they may determine in the exercise of their
sole business judgment. Such exercise and enforcement shall include, without limitation, the rights to collect, sell, dispose of or otherwise realize upon all or any part of the Collateral, to incur expenses in connection with such collection, sale,
disposition or other realization and to exercise all the rights and remedies of a secured lender under the PPSA as in effect from time to time in any applicable jurisdiction. The Non-Lender Secured Parties by their acceptance of the benefits of this
Agreement and the other Security Documents hereby agree not to contest or otherwise challenge any such collection, sale, disposition or other realization of or upon all or any of the Collateral. Whether or not a Bankruptcy Case has been commenced,
the Non-Lender Secured Parties shall be deemed to have consented to any sale or other disposition of any property, business or assets of Holding or any of its Subsidiaries and the release of any or all of the Collateral from the Liens of any
Security Document in connection therewith. 
 (c) Notwithstanding any provision of this subsection 8.1, the Non-Lender Secured
Parties shall be entitled, subject to each applicable Intercreditor Agreement, to file any necessary responsive or defensive pleadings in opposition to any motion, claim, adversary proceeding or other pleadings (A) in order to prevent
any Person from seeking to foreclose on the Collateral or supersede the Non-Lender Secured Parties’ claim thereto or (B) in opposition to any motion, claim, adversary proceeding or other pleading made by any Person objecting to or
otherwise seeking the disallowance of the claims of the Non-Lender Secured Parties. Each Non-Lender Secured Party, by its acceptance of the benefits of this Agreement, agrees to be bound by and to comply with each applicable Intercreditor Agreement
and authorize the ABL Collateral Agent to enter into each Intercreditor Agreement on its own behalf. 
 (d) Each Non-Lender Secured Party,
by its acceptance of the benefits of this Agreement, agrees that the ABL Collateral Agent and the Canadian Facility Lenders may deal with the Collateral, including any exchange, taking or release of Collateral, may change or increase the amount of
the Borrower Obligations and/or the Guarantor Obligations, and may release any Canadian Granting Party from its Obligations hereunder, all without any liability or obligation (except as may be otherwise expressly provided herein) to the Non-Lender
Secured Parties. 
 8.2 Appointment of Agent. Each Non-Lender Secured Party, by its acceptance of the benefits of this Agreement and
the other Security Documents, shall be deemed irrevocably to make, constitute and appoint the ABL Collateral Agent, as agent under the ABL Credit Agreement (and all officers, employees or agents designated by the ABL Collateral Agent) as such
Person’s true and lawful agent and attorney-in-fact, and in such capacity, the ABL Collateral Agent shall have the right, with power of substitution for the Non-Lender Secured Parties and in each such Person’s name or otherwise, to
effectuate any sale, transfer or other disposition of the Collateral. It is understood and agreed that the appointment of the ABL Collateral Agent as the agent and attorney-in-fact of the Non-Lender Secured

  
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Parties for the purposes set forth herein is coupled with an interest and is irrevocable. It is understood and agreed that the ABL Collateral Agent has appointed the Administrative Agent as its
agent for purposes of perfecting certain of the security interests created hereunder and for otherwise carrying out certain of its obligations hereunder. 

8.3 Waiver of Claims. To the maximum extent permitted by law, each Non-Lender Secured Party waives any claim it might have against the
ABL Collateral Agent or the Lenders with respect to, or arising out of, any action or failure to act or any error of judgment, negligence, or mistake or oversight whatsoever on the part of the ABL Collateral Agent or the Lenders or their respective
directors, officers, employees or agents with respect to any exercise of rights or remedies under the Loan Documents or any transaction relating to the Collateral (including, without limitation, any such exercise described in subsection
8.1(b)), except for any such action or failure to act that constitutes willful misconduct or gross negligence of such Person. To the maximum extent permitted by applicable law, none of the ABL Collateral Agent or any Lender or any of their
respective directors, officers, employees or agents shall be liable for failure to demand, collect or realize upon any of the Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise dispose of any Collateral
upon the request of Holding, any Subsidiary of Holding, any Non-Lender Secured Party or any other Person or to take any other action or forbear from doing so whatsoever with regard to the Collateral or any part thereof, except for any such action or
failure to act that constitutes willful misconduct or gross negligence of such Person. 
 8.4 Designation of Non-Lender Secured
Parties. The Parent Borrower on behalf of the Canadian Borrower may from time to time designate a Person as a “Bank Products Affiliate,” or a “Hedging Affiliate” hereunder by written notice to the ABL Collateral Agent in
accordance with the terms of the ABL Credit Agreement. Upon being so designated by the Parent Borrower, such Bank Products Affiliate or Hedging Affiliate (as the case may be) shall be a Non-Lender Secured Party for the purposes of this Agreement for
as long as so designated by the Parent Borrower provided that, at the time of the Parent Borrower’s designation of such Non-Lender Secured Party, the obligations of the relevant Canadian Granting
Party under the applicable Hedging Agreement or Bank Products Agreement (as the case may be) have not been designated as Additional Obligations. 

SECTION 9 MISCELLANEOUS 
 9.1
Amendments in Writing. None of the terms or provisions of this Agreement may be waived, amended, supplemented or otherwise modified except by a written instrument executed by each affected Canadian Granting Party and the ABL Collateral Agent,
provided that (a) any provision of this Agreement imposing obligations on any Canadian Granting Party may be waived by the ABL Collateral Agent in a written instrument executed by the ABL Collateral Agent and (b) if
separately agreed in writing between the Canadian Borrower and any Non-Lender Secured Party (and such Non-Lender Secured Party has been designated in writing by the Canadian Borrower to the ABL Collateral Agent for purposes of this sentence, for so
long as so designated), no such waiver and no such amendment or modification shall amend, modify or waive subsection 6.5 (or the definition of “Non-Lender Secured Party” or “Secured Party” to the extent relating thereto)
if such waiver, amendment, supplement or modification would directly and adversely affect a Non-Lender Secured Party without the written consent of such affected Non-Lender Secured Party. For the avoidance of doubt, it is understood and agreed that
any amendment, amendment and restatement, waiver, supplement or other modification of or to any Intercreditor Agreement that would have the effect, directly or indirectly, through any reference herein to any Intercreditor Agreement or otherwise, of
waiving, amending, supplementing or otherwise modifying this Agreement, or any term or provision hereof, or any right or obligation of any Canadian Granting Party hereunder or in respect hereof, shall not be given such effect except pursuant to a
written instrument executed by each affected Canadian Granting Party and the ABL Collateral Agent in accordance with this subsection 9.1. 

  
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 9.2 Notices. All notices, requests and demands to or upon the ABL Collateral Agent or any
Canadian Granting Party hereunder shall be effected in the manner provided for in subsection 11.2 of the ABL Credit Agreement; provided that any such notice, request or demand to or upon any Canadian Guarantor shall be addressed to such
Canadian Guarantor at its notice address set forth on Schedule 1, unless and until such Canadian Guarantor shall change such address by notice to the ABL Collateral Agent and the Administrative Agent given in accordance with subsection
11.2 of the ABL Credit Agreement. 
 9.3 No Waiver by Course of Conduct; Cumulative Remedies. None of the ABL Collateral Agent or any
other Secured Party shall by any act (except by a written instrument pursuant to subsection 9.1), delay, indulgence, omission or otherwise be deemed to have waived any right or remedy hereunder or to have acquiesced in any Default or Event of
Default. No failure to exercise, nor any delay in exercising, on the part of the ABL Collateral Agent or any other Secured Party, any right, power or privilege hereunder shall operate as a waiver thereof. No single or partial exercise of any right,
power or privilege hereunder shall preclude any other or further exercise thereof or the exercise of any other right, power or privilege. A waiver by the ABL Collateral Agent or any other Secured Party of any right or remedy hereunder on any one
occasion shall not be construed as a bar to any right or remedy that the ABL Collateral Agent or such other Secured Party would otherwise have on any future occasion. The rights and remedies herein provided are cumulative, may be exercised singly or
concurrently and are not exclusive of any other rights or remedies provided by law. 
 9.4 Enforcement Expenses; Indemnification.

 (a) Each Canadian Guarantor jointly and severally agrees to pay or reimburse each Secured Party and the ABL Collateral Agent for all their
respective reasonable costs and expenses incurred in collecting against such Canadian Guarantor under the guarantee contained in Section 2 or otherwise enforcing or preserving any rights under this Agreement against such Canadian
Guarantor and the other Loan Documents to which such Canadian Guarantor is a party, including, without limitation, the reasonable fees and disbursements of counsel to the Secured Parties, the ABL Collateral Agent and the Administrative Agent. 

(b) Each Canadian Grantor jointly and severally agrees to pay, and to save the ABL Collateral Agent, the Administrative Agent and the other
Secured Parties harmless from, (x) any and all liabilities with respect to, or resulting from any delay in paying, any and all stamp, excise, sales or other similar taxes which may be payable or determined to be payable with respect to
any of the Security Collateral or in connection with any of the transactions contemplated by this Agreement and (y) any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or
disbursements of any kind or nature whatsoever with respect to the execution, delivery, enforcement, performance and administration of this Agreement (collectively, the “indemnified liabilities”), in each case to the extent the
Canadian Borrower would be required to do so pursuant to subsection 11.5 of the ABL Credit Agreement, and in any event excluding any taxes or other indemnified liabilities arising from gross negligence, bad faith or willful misconduct of the ABL
Collateral Agent, the Administrative Agent or any other Secured Party as determined by a court of competent jurisdiction in a final and nonappealable decision. 

(c) The agreements in this subsection 9.4 shall survive repayment of the Obligations and all other amounts payable under the ABL Credit
Agreement and the other Loan Documents. 

  
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 9.5 Successors and Assigns. This Agreement shall be binding upon and shall inure to the
benefit of the Canadian Granting Parties, the ABL Collateral Agent and the Secured Parties and their respective successors and assigns; provided that no Granting Party may assign, transfer or delegate any of its rights or obligations under this
Agreement without the prior written consent of the ABL Collateral Agent, except as permitted hereby or by the ABL Credit Agreement. 
 9.6
Set-Off. Each Canadian Guarantor hereby irrevocably authorizes each of the Administrative Agent and the ABL Collateral Agent and each other Secured Party at any time and from time to time without notice to such Canadian Guarantor or any other
Canadian Granting Party, any such notice being expressly waived by each Canadian Granting Party, to the extent permitted by applicable law, upon the occurrence and during the continuance of an Event of Default under subsection 9(a) of the ABL Credit
Agreement so long as any amount remains unpaid after it becomes due and payable by such Canadian Guarantor hereunder, to set-off and appropriate and apply against any such amount any and all deposits (general or special, time or demand, provisional
or final) (other than the Collateral Proceeds Account), in any currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing
by the ABL Collateral Agent, the Administrative Agent or such other Secured Party to or for the credit or the account of such Canadian Guarantor, or any part thereof in such amounts as the ABL Collateral Agent, the Administrative Agent or such other
Secured Party may elect. The ABL Collateral Agent, the Administrative Agent and each other Secured Party shall notify such Canadian Guarantor promptly of any such set-off and the application made by the ABL Collateral Agent, the Administrative Agent
or such other Secured Party of the proceeds thereof; provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the ABL Collateral Agent, the Administrative Agent and each other
Secured Party under this subsection 9.6 are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the ABL Collateral Agent, the Administrative Agent or such other Secured Party may have. 

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

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

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

9.11 GOVERNING LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER AND ANY CLAIM OR CONTROVERSY RELATING HERETO
SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE PROVINCE OF ONTARIO AND THE FEDERAL LAWS OF CANADA APPLICABLE THEREIN WITHOUT GIVING EFFECT TO ITS PRINCIPLES OR RULES OF CONFLICT OF LAWS TO THE EXTENT SUCH
PRINCIPLES OR RULES ARE NOT MANDATORILY APPLICABLE BY STATUTE AND WOULD REQUIRE OR PERMIT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION. 

9.12 Submission to Jurisdiction; Waivers. Each party hereto hereby irrevocably and unconditionally: 

(a) submits for itself and its property in any legal action or proceeding relating to this Agreement and the other Loan
Documents to which it is a party to the exclusive general jurisdiction of the courts of the Province of Ontario sitting in the City of Toronto; 

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

(c) agrees that service of process in any such action or proceeding may be effected by mailing a copy thereof by registered or
certified mail (or any substantially similar form of mail), postage prepaid, to any party at its address referred to in subsection 9.2 or at such other address of which the ABL Collateral Agent and the Administrative Agent (in the case of any
other party hereto) and the Parent Borrower (in the case of the ABL Collateral Agent and the Administrative Agent) shall have been notified pursuant thereto; 

(d) agrees that nothing herein shall affect the right to effect service of process in any other manner permitted by law or
(subject to clause (a) above) shall limit the right to sue in any other jurisdiction; and 
 (e) waives, to the
maximum extent not prohibited by law, any right it may have to claim or recover in any legal action or proceeding referred to in this subsection 9.12 any consequential or punitive damages. 

Each Canadian Granting Party hereby agrees that The Limitation of Civil Rights Act (Saskatchewan), The Land Contracts (Actions) Act
(Saskatchewan) and Part IV (excepting only section 46) of The Saskatchewan Farm Security Act do not apply insofar as they relate to actions as defined in those Acts, or insofar as they relate to or affect this Agreement, the rights of the ABL
Collateral Agent and the Secured Parties under this Agreement or any instrument, charge, security agreement or other document of any nature that renews, extends or is collateral to this Agreement and such Canadian Granting Party hereby irrevocably
and unconditionally waives any and all benefits and remedies provided thereunder. 

  
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 9.13 Acknowledgments. Each Canadian Grantor hereby acknowledges that: 

(a) it has been advised by counsel in the negotiation, execution and delivery of this Agreement and the other Loan Documents to
which it is a party; 
 (b) none of the ABL Collateral Agent, the Administrative Agent or any other Secured Party has any
fiduciary relationship with or duty to any Canadian Guarantor arising out of or in connection with this Agreement or any of the other Loan Documents, and the relationship between the Canadian Guarantors, on the one hand, and the ABL Collateral
Agent, the Administrative Agent and the other Secured Parties, on the other hand, in connection herewith or therewith is solely that of debtor and creditor; and 

(c) no joint venture is created hereby or by the other Loan Documents or otherwise exists by virtue of the transactions
contemplated hereby among the Secured Parties or among the Canadian Guarantors and the Secured Parties. 
 9.14 WAIVER OF JURY TRIAL.
EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN TO THE EXTENT PERMISSIBLE BY APPLICABLE
LAW. 
 9.15 Additional Canadian Granting Parties. Each new Subsidiary of the Parent Borrower that is required to become a party
to this Agreement pursuant to subsection 7.9(b) or 7.9(c) of the ABL Credit Agreement shall become a Canadian Granting Party for all purposes of this Agreement upon execution and delivery by such Subsidiary of an Assumption Agreement substantially
in the form of Annex 2 hereto. Each existing Canadian Granting Party that is required to become a Canadian Pledgor with respect to Capital Stock of any new Subsidiary of the Parent Borrower pursuant to subsection 7.9(c) of the ABL Credit
Agreement shall become a Canadian Pledgor with respect thereto upon execution and delivery by such Canadian Granting Party of a Supplemental Agreement substantially in the form of Annex 3 hereto. 

9.16 Releases. 
 (a) At
such time as the Canadian Facility Revolving Credit Loans and the other Obligations (other than any Obligations owing to a Non-Lender Secured Party) then due and owing shall have been paid in full, the Commitments have been terminated and no
Canadian Facility Letter of Credit shall be outstanding (except for Canadian Facility Letters of Credit that have been cash collateralized, backstopped or otherwise provided for pursuant to arrangements reasonably acceptable to the relevant Issuing
Lender), all Security Collateral shall be automatically released from the Liens created hereby, and this Agreement and all obligations (other than those expressly stated to survive such termination) of the ABL Collateral Agent and each Canadian
Granting Party hereunder shall terminate, all without delivery of any instrument or performance of any act by any party, and all rights to the Security Collateral shall revert to the Canadian Granting Parties. At the request and sole expense of any
Canadian Granting Party following any such termination, the ABL Collateral Agent shall deliver to such Canadian Granting Party (subject to subsection 7.2, without recourse and without representation or warranty) any Security Collateral held
by the ABL Collateral Agent hereunder, and execute, acknowledge and deliver to such Canadian Granting Party such releases, instruments or other documents (including, without limitation, PPSA financing change statements and discharges), and do or
cause to be done all other acts, as any Canadian Granting Party shall reasonably request to evidence such termination. 

  
 -44- 

 (b) Upon any sale or other disposition of Security Collateral permitted by the ABL Credit
Agreement (other than any sale or disposition to another Canadian Grantor), the Lien pursuant to this Agreement on such sold or disposed of Security Collateral shall be automatically released. In connection with a sale or other disposition of all of
the Capital Stock of any Canadian Granting Party (other than to any Canadian Granting Party or any other transaction or occurrence as a result of which such Canadian Granting Party ceases to be a Restricted Subsidiary of the Parent Borrower), or the
sale or other disposition of Security Collateral (other than a sale or disposition to another Canadian Grantor) permitted under the ABL Credit Agreement, the ABL Collateral Agent shall, upon receipt from the Parent Borrower of a written request for
the release of such Canadian Granting Party from its Guarantee or the release of the Security Collateral subject to such sale, disposition or other transaction, identifying such Canadian Granting Party or the relevant Security Collateral and the
terms of the sale, disposition or other transaction in reasonable detail, including the price thereof and any expenses in connection therewith, together with a certification by the Parent Borrower stating that such transaction is in compliance with
the ABL Credit Agreement and the other Loan Documents, execute and deliver to the Parent Borrower or the relevant Canadian Granting Party (subject to subsection 7.2, without recourse and without representation or warranty), at the sole cost
and expense of such Canadian Grantor, any Security Collateral of such relevant Canadian Granting Party held by the ABL Collateral Agent, or the Security Collateral subject to such sale or disposition (as applicable), and, at the sole cost and
expense of such Canadian Granting Party, execute, acknowledge and deliver to such Canadian Granting Party such releases, instruments or other documents (including, without limitation, PPSA financing change statements and discharges), and do or cause
to be done all other acts, as the Parent Borrower or such Canadian Granting Party shall reasonably request (x) to evidence or effect the release of such Canadian Granting Party from its Guarantee (if any) and of the Liens created hereby
(if any) on such Canadian Granting Party’s Collateral or (y) to evidence the release of the Security Collateral subject to such sale or disposition. 

(c) Upon any Canadian Granting Party becoming an Excluded Subsidiary in accordance with the provisions of the ABL Credit Agreement, the Lien
pursuant to this Agreement on all Security Collateral of such Canadian Granting Party (if any) shall be automatically released, and the Guarantee (if any) of such Canadian Granting Party, and all obligations of such Canadian Granting Party
hereunder, shall terminate, all without delivery of any instrument or performance of any act by any party, and the ABL Collateral Agent shall, upon the request of the Parent Borrower or such Canadian Granting Party, deliver to the Parent Borrower or
such Canadian Granting Party (subject to subsection 7.2, without recourse and without representation or warranty) any Security Collateral of such Canadian Granting Party held by the ABL Collateral Agent hereunder and the ABL Collateral Agent
and the Administrative Agent shall execute, acknowledge and deliver to the Parent Borrower or such Canadian Granting Party (at the sole cost and expense of the Parent Borrower or such Canadian Granting Party) all releases, instruments or other
documents (including, without limitation, PPSA financing change statements and discharges), and do or cause to be done all other acts, necessary or reasonably desirable for the release of such Canadian Granting Party from its Guarantee (if any) or
the Liens created hereby (if any) on such Canadian Granting Party’s Security Collateral, as applicable, as the Borrower or such Canadian Granting Party may reasonably request. 

(d) Upon any Security Collateral being or becoming an Excluded Asset, the Lien pursuant to this Agreement on such Security Collateral shall be
automatically released on Collateral. At the request and sole expense of any Canadian Granting Party, the ABL Collateral Agent shall deliver such Security Collateral (if held by the ABL Collateral Agent) to such Canadian Granting Party and execute,
acknowledge and deliver to such Canadian Granting Party such releases, instruments or other documents (including, without limitation, PPSA financing change statements and discharges and do or cause to be done all other acts, as such Canadian
Granting Party shall reasonably request to evidence such release. 

  
 -45- 

 (e) [Reserved]. 

(f) The ABL Collateral Agent shall have no liability whatsoever to any other Secured Party as the result of any release of Security Collateral
by it in accordance with (or which the ABL Collateral Agent in good faith believes to be in accordance with) this subsection 9.16. 

9.17 Judgment. 
 (a) If
for the purpose of obtaining judgment in any court it is necessary to convert a sum due hereunder in one currency into another currency, the parties hereto agree, to the fullest extent that they may effectively do so, that the rate of exchange used
shall be that at which in accordance with normal banking procedures the ABL Collateral Agent could purchase the first currency with such other currency on the Business Day preceding the day on which final judgment is given. 

(b) The obligations of any Canadian Guarantor in respect of this Agreement to the ABL Collateral Agent, for the benefit of each holder of
Secured Obligations, shall, notwithstanding any judgment in a currency (the “judgment currency”) other than the currency in which the sum originally due to such holder is denominated (the “original currency”), be
discharged only to the extent that on the Business Day following receipt by the ABL Collateral Agent of any sum adjudged to be so due in the judgment currency, the ABL Collateral Agent may in accordance with normal banking procedures purchase the
original currency with the judgment currency; if the amount of the original currency so purchased is less than the sum originally due to such holder in the original currency, such Canadian Guarantor agrees, as a separate obligation and
notwithstanding any such judgment, to indemnify the ABL Collateral Agent, for the benefit of such holder, against such loss, and if the amount of the original currency so purchased exceeds the sum originally due to the ABL Collateral Agent, the ABL
Collateral Agent agrees to remit to the Parent Borrower, such excess. This covenant shall survive the termination of this Agreement and payment of the Obligations and all other amounts payable hereunder. 

9.18 Canadian Amalgamation. Each Canadian Granting Party acknowledges and agrees that, in the event it amalgamates with any other
company or companies, it is the intention of the parties hereto that the term “Canadian Grantor” or “Canadian Pledgor,” as the case may be, when used herein, shall apply to each of the amalgamating corporations and to the
amalgamated corporation, such that the lien granted hereby: 
 (a) shall extend to Collateral (or in the case of a Canadian
Pledgor, Pledged Collateral) owned by each of the amalgamating corporations and the amalgamated corporations at the time of amalgamation and to any Collateral (or in the case of a Canadian Pledgor, Pledged Collateral) thereafter owned or acquired by
the amalgamated corporation, and 
 (b) shall secure all Obligations of each of the amalgamating corporations and the
amalgamated corporations to the ABL Collateral Agent and the Secured Parties at the time of amalgamation and all Obligations of the amalgamated corporation to the ABL Collateral Agent and the Secured Parties thereafter arising. The Lien shall attach
to all Collateral (or in the case of a Canadian Pledgor, Pledged Collateral) owned by each corporation amalgamating with a Canadian Grantor, and by the amalgamated corporation, at the time of the amalgamation, and shall attach to all Collateral (or
in the case of a Canadian Pledgor, Pledged Collateral) thereafter owned or acquired by the amalgamated corporation when such becomes owned or is acquired. 

9.19 Language. The parties hereto confirm that it is their wish that this Agreement, as well as any other documents relating to this
Agreement, including notices, schedules and authorizations, have 

  
 -46- 

 
been and shall be drawn up in the English language only. Les signataires confirment leur volonté que la présente convention, de même que tous les documents s’y
rattachant, y compris tout avis, annexe et autorisation, soient rédigés en anglais seulement. 
 9.20 No
Implicit Subordination. The inclusion of reference to Permitted Liens in this Agreement or any other Loan Document is not intended to subordinate and shall not subordinate, and shall not be interpreted as subordinating, any Lien created by this
Agreement or any of the other Loan Documents to any Permitted Lien. 
 9.21 Paramountcy. In the event of any conflict between the
provisions of this Agreement and the provisions of the ABL Credit Agreement, the provisions of the ABL Credit Agreement shall govern. 

[Remainder of page left blank intentionally; signature pages follow.] 

  
 -47- 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed, all as of
the date first written above. 
  

			
	UNISOURCE CANADA, INC., as Canadian Borrower, Canadian Grantor and Canadian Pledgor
		
	By:	 	 /s/ Mark W. Hianik

	Name:	 	Mark W. Hianik
	Title:	 	Senior Vice President, General Counsel and Corporate Secretary

 [Signature Page to Canadian Guarantee and Collateral Agreement] 

			
	Acknowledged and Agreed to as of the date hereof by:
	
	 BANK OF AMERICA, N.A.,
 as
Administrative Agent and ABL Collateral Agent

		
	By:	 	 /s/ William J. Wilson

	Name:	 	William J. Wilson
	Title:	 	Senior Vice President

 [Signature Page to Canadian Guarantee and Collateral Agreement] 

 Annex 1 to 

Canadian Guarantee and Collateral Agreement 

ACKNOWLEDGEMENT AND CONSENT1 

The undersigned hereby acknowledges receipt of a copy of the Canadian Guarantee and Collateral Agreement, dated as of July 1, 2014 (as
amended, supplemented, waived or otherwise modified from time to time, the “Agreement”); capitalized terms used and not otherwise defined herein shall have the meanings assigned to them in the Agreement or the ABL Credit Agreement
referred to therein, as the case may be), made by the Canadian Granting Parties party thereto in favour of Bank of America, N.A., as Administrative Agent and ABL Collateral Agent. The undersigned agrees for the benefit of the Administrative Agent
and the Canadian Facility Lenders as follows: 
 The undersigned will be bound by the terms of the Agreement applicable to it as an Issuer
(as defined in the Agreement) and will comply with such terms insofar as such terms are applicable to the undersigned as an Issuer. 
 The
undersigned will notify the ABL Collateral Agent promptly in writing of the occurrence of any of the events described in subsection 5.3.1 of the Agreement. 

The terms of subsections 6.3(c) and 6.7 of the Agreement shall apply to it, mutatis mutandis, with respect to all actions
that may be required of it pursuant to subsection 6.3(c) or 6.7 of the Agreement. 
  

			
	[NAME OF ISSUER]
		
	By:	 	      

	Name:	 	
	Title:	 	
	
	Address for Notices:
		 	  

		 	  

		 	  

  
  

	1 	This consent is necessary only with respect to any Issuer that is not also a Canadian Granting Party. 

  
 Annex 1-1 

 Annex 2 to 

Canadian Guarantee and Collateral Agreement 

ASSUMPTION AGREEMENT 

ASSUMPTION AGREEMENT, dated as of [            ]
[        ], 20[    ], made by
[                                    ], a
[                    ] corporation (the “Additional Canadian Granting Party”), in favour of Bank of America, N.A., as collateral
agent (in such capacity, the “ABL Collateral Agent”) and as administrative agent (in such capacity, the “Administrative Agent”) for the banks and other financial institutions from time to time party to the ABL
Credit Agreement referred to below as a Canadian Facility Lender and the other Secured Parties (as defined in the Canadian Guarantee and Collateral Agreement). All capitalized terms not defined herein shall have the meaning ascribed to them in such
Canadian Guarantee and Collateral Agreement referred to below, or if not defined therein, in the ABL Credit Agreement. 

W I T N E S S E T H: 

WHEREAS, VERITIV CORPORATION, a Delaware corporation (“Holding”), XPEDX INTERMEDIATE, LLC, a Delaware limited liability
company (together with its successors and assigns, the “Parent Borrower”), XPEDX, LLC, a New York limited liability company (together with its successors and assigns, the “OpCo Borrower”) and UNISOURCE CANADA, INC.,
a Canadian amalgamated corporation (the “Canadian Borrower”), entered into a certain ABL Credit Agreement dated as of July 1, 2014 (as amended, supplemented, waived or otherwise modified from time to time, the “ABL
Credit Agreement”); 
 WHEREAS, in connection with the ABL Credit Agreement, the Canadian Borrower and certain Canadian Guarantors
are, or are to become, parties to the Canadian Guarantee and Collateral Agreement, dated as of July 1, 2014 (as amended, supplemented, waived or otherwise modified from time to time, the “Canadian Guarantee and Collateral
Agreement”), in favour of the ABL Collateral Agent, for the benefit of the Secured Parties (as defined in the Canadian Guarantee and Collateral Agreement); 

WHEREAS, the ABL Credit Agreement requires the Additional Canadian Granting Party to become a party to the Canadian Guarantee and Collateral
Agreement; and 
 WHEREAS, the Additional Canadian Granting Party has agreed to execute and deliver this Assumption Agreement in order to
become a party to the ABL Guarantee and Collateral Agreement; 
 NOW, THEREFORE, IT IS AGREED: 

1. Canadian Guarantee and Collateral Agreement. By executing and delivering this Assumption Agreement, the Additional Canadian Granting
Party, as provided in subsection 9.15 of the Canadian Guarantee and Collateral Agreement, hereby becomes a party to the Canadian Guarantee and 

  
 Annex 2-1 

 
Collateral Agreement as a Canadian Granting Party thereunder with the same force and effect as if originally named therein as a [Canadian Guarantor] [Canadian Grantor and Canadian Pledgor] [and
Canadian Grantor] [and Canadian Pledgor]2 and, without limiting the generality of the foregoing, hereby expressly assumes all obligations and liabilities of a [Canadian Guarantor] [Canadian
Grantor and Canadian Pledgor] [and Canadian Grantor] [and Canadian Pledgor]3 thereunder. The information set forth in Annex 1-A hereto is hereby added to the information set forth in
Schedules [                    ] to the Canadian Guarantee and Collateral Agreement, and such Schedules are hereby amended and modified to
include such information. The Additional Canadian Granting Party hereby represents and warrants that each of the representations and warranties of such Additional Canadian Granting Party, in its capacities as a [Canadian Guarantor] [Canadian Grantor
and Canadian Pledgor] [and Canadian Grantor] [and Canadian Pledgor],4 contained in Section 4 of the Canadian Guarantee and Collateral Agreement is true and correct in all material
respects on and as the date hereof (after giving effect to this Assumption Agreement) as if made on and as of such date. Each Additional Canadian Granting Party hereby grants, as and to the same extent as provided in the Canadian Guarantee and
Collateral Agreement, to the ABL Collateral Agent, for the benefit of the Secured Parties, a continuing security interest in the [Collateral (as such term is defined in subsection 3.1 of the Canadian Guarantee and Collateral Agreement) of
such Additional Canadian Granting Party] [and] [the Pledged Collateral (as such term is defined in the Canadian Guarantee and Collateral Agreement) of such Additional Canadian Granting Party, except as provided in subsection 3.3 of the
Canadian Guarantee and Collateral Agreement]. 
 2. GOVERNING LAW. THIS ASSUMPTION AGREEMENT AND THE RIGHTS AND OBLIGATIONS
OF THE PARTIES HEREUNDER AND ANY CLAIM OR CONTORVERSY RELATING HERETO SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE PROVINCE OF ONTARIO AND THE FEDERAL LAWS OF CANADA APPLICABLE THEREIN WITHOUT GIVING EFFECT
TO ITS PRINCIPLES OR RULES OF CONFLICT OF LAWS TO THE EXTENT SUCH PRINCIPLES OR RULES ARE NOT MANDATORILY APPLICABLE BY STATUTE AND WOULD REQUIRE OR PERMIT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION. 

 
  

	2 	Indicate the capacities in which the Additional Canadian Granting Party is becoming a Canadian Grantor. 

	3 	Indicate the capacities in which the Additional Canadian Granting Party is becoming a Canadian Grantor. 

	4 	Indicate the capacities in which the Additional Canadian Granting Party is becoming a Canadian Grantor. 

  
 Annex 2-2 

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

			
	[ADDITIONAL CANADIAN GRANTING PARTY]
		
	By:	 	  

	Name:	 	
	Title:	 	

  

			
	Acknowledged and Agreed to as of the date hereof by:
	
	 BANK OF AMERICA, N.A.,
 as ABL
Collateral Agent and Administrative Agent

		
	By:	 	  

	Name:	 	
	Title:	 	

  
 Annex 2-3 

 Annex 3 to 

Canadian Guarantee and Collateral Agreement 

SUPPLEMENTAL AGREEMENT 

SUPPLEMENTAL AGREEMENT, dated as of [            ] [    ],
20[    ], made by [                    ], a [            ]
corporation (the “Additional Canadian Pledgor”), in favour of BANK OF AMERICA, N.A., as collateral agent (in such capacity, the “ABL Collateral Agent”) and as administrative agent (in such capacity, the
“Administrative Agent”) for the banks and other financial institutions from time to time party to the ABL Credit Agreement referred to below as a Canadian Facility Lender and the other Secured Parties (as defined in the Canadian
Guarantee and Collateral Agreement). All capitalized terms not defined herein shall have the meaning ascribed to them in such Canadian Guarantee and Collateral Agreement referred to below, or if not defined therein, in the ABL Credit Agreement. 

W I T N E S S E T H: 

WHEREAS, VERITIV CORPORATION, a Delaware corporation (“Holding”), XPEDX INTERMEDIATE, LLC, a Delaware limited liability
company (together with its successors and assigns, the “Parent Borrower”), XPEDX, LLC, a New York limited liability company (together with its successors and assigns, the “OpCo Borrower”) and UNISOURCE CANADA, INC.,
a Canadian amalgamated corporation (the “Canadian Borrower”), entered into a certain ABL Credit Agreement dated as of July 1, 2014 (as amended, supplemented, waived or otherwise modified from time to time, together with any
agreement extending the maturity of, or restructuring, refunding, refinancing or increasing the Indebtedness under such agreement or any successor agreements, the “ABL Credit Agreement”); 

WHEREAS, in connection with the ABL Credit Agreement, the Canadian Borrower and certain Canadian Guarantors are, or are to become, parties to
the Canadian Guarantee and Collateral Agreement, dated as of July 1, 2014 (as amended, supplemented, waived or otherwise modified from time to time, the “Canadian Guarantee and Collateral Agreement”), in favour of the ABL
Collateral Agent, for the benefit of the Secured Parties (as defined in the Canadian Guarantee and Collateral Agreement); 
 WHEREAS, the
ABL Credit Agreement requires the Additional Canadian Pledgor to become a Canadian Pledgor under the Canadian Guarantee and Collateral Agreement with respect to Capital Stock of certain new Subsidiaries of the Additional Canadian Pledgor; and 

WHEREAS, the Additional Canadian Pledgor has agreed to execute and deliver this Supplemental Agreement in order to become such a Canadian
Pledgor under the Canadian Guarantee and Collateral Agreement; 
 NOW, THEREFORE, IT IS AGREED: 

1. Canadian Guarantee and Collateral Agreement. By executing and delivering this Supplemental Agreement, the Additional Canadian
Pledgor, as provided in subsection 9.15 of the Canadian Guarantee and Collateral Agreement, hereby becomes a Canadian Pledgor under the Canadian Guarantee and Collateral Agreement with respect to the shares of Capital Stock of the Subsidiary
of the Additional Canadian Pledgor listed in Annex 1-A hereto, and will be bound by all terms, conditions and duties applicable to a Canadian Pledgor under the Canadian Guarantee and Collateral Agreement, as a Canadian Pledgor thereunder. The
information set forth in Annex 1-A hereto is hereby added to the information set forth in Schedule 2 to the Canadian Guarantee and Collateral Agreement, and such Schedule 2 is hereby amended and modified to include such
information. 

 2. GOVERNING LAW. THIS SUPPLEMENTAL AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF
THE PARTIES HEREUNDER AND ANY CLAIM OR CONTROVERSY RELATING HERETO SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE PROVINCE OF ONTARIO AND THE FEDERAL LAWS OF CANADA APPLICABLE THEREIN. 

  
 Annex 1-A-2 

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

			
	[ADDITIONAL CANADIAN PLEDGOR]
		
	By:	 	  

	Name:	 	
	Title:	 	

  

			
	Acknowledged and Agreed to as of the date hereof by:
	
	BANK OF AMERICA, N.A.,
	as ABL Collateral Agent and Administrative Agent
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 Annex 1-A-3 

 Schedule 1 

Notice Addresses of Canadian Granting Parties 

Unisource Canada, Inc. 
 6185 McLaughlin Road 

Mississauga, ON 
 L5R 3W7 

Attn: Law Department 

  

 Schedule 2 

Pledged Securities 
 1. Pledged Stock 

None. 

  

 Schedule 3 

Perfection Matters 
 1. Existing Security
Interests 
 i) British Columbia 
  

							
	 BASE
REGISTRATION #
	  	 SECURED PARTY(IES)
	  	 DEBTOR(S)
	  	 DATE OF
REGISTRATION/EXPIRY

	 012178E
	  	RYDER TRUCK RENTAL CANADA LTD.	  	 UNISOURCE CANADA INC.
 (DELTA,
BC)
	  	 REG: OCT 31, 2007

EXPIRY: OCT 31, 2017

				
	 012180E
	  	RYDER TRUCK RENTAL CANADA LTD.	  	UNISOURCE CANADA INC. (DELTA, BC)	  	 REG: OCT 31, 2007
 EXPIRY: OCT 31,
2017

				
	 012182E
	  	RYDER TRUCK RENTAL CANADA LTD.	  	UNISOURCE CANADA INC. (DELTA, BC)	  	 REG: OCT 31, 2007
 EXPIRY: OCT 31,
2017

				
	 012184E
	  	RYDER TRUCK RENTAL CANADA LTD.	  	UNISOURCE CANADA INC. (DELTA, BC)	  	 REG: OCT 31, 2007
 EXPIRY: OCT 31,
2014

				
	 091943E
	  	RYDER TRUCK RENTAL CANADA LTD	  	UNISOURCE CANADA INC. (DELTA, BC)	  	 REG: DEC 17, 2007
 EXPIRY: DEC 17,
2017

				
	 091947E
	  	RYDER TRUCK RENTAL CANADA LTD	  	UNISOURCE CANADA INC. (DELTA, BC)	  	 REG: DEC 17, 2007
 EXPIRY: DEC 17,
2017

				
	 091949E
	  	RYDER TRUCK RENTAL CANADA LTD	  	UNISOURCE CANADA INC. (DELTA, BC)	  	 REG: DEC 17, 2007
 EXPIRY: DEC 17,
2017

				
	 091950E
	  	RYDER TRUCK RENTAL CANADA LTD	  	UNISOURCE CANADA INC. (DELTA, BC)	  	 REG: DEC 17, 2007
 EXPIRY: DEC 17,
2017

				
	 675761E
	  	RYDER TRUCK RENTAL CANADA LTD	  	UNISOURCE CANADA INC. (WINNIPEG, BC)	  	 REG: NOV 03, 2008
 EXPIRY: NOV 03,
2015

				
	 837981E
	  	RYDER TRUCK RENTAL CANADA LTD	  	UNISOURCE CANADA INC. (NEW WESTMINSTER, BC)	  	 REG: FEB 20, 2009
 EXPIRY: FEB 20,
2016

				
	 857837E
	  	 PENSKE TRUCK LEASING CANADA INC
 LOCATIONS DE
CAMIONS PENSKE CANADA INC
	  	 UNISOURCE CANADA INC. (RICHMOND HILL, ON)

UNISOURCE CANADA INC (MISSISAUGA, ON)
	  	 REG: MAR 05, 2009
 EXPIRY: MAR 05,
2017

				
	 987610E
	  	 PENSKE TRUCK LEASING CANADA INC
 LOCATIONS DE
CAMIONS PENSKE CANADA INC
	  	 UNISOURCE CANADA INC. (RICHMOND HILL, ON)

UNISOURCE CANADA INC (MISSISAUGA, ON)
	  	 REG: MAY 27, 2009
 EXPIRY: MAY 27,
2017

				
	 539689F
	  	G.N. JOHNSTON EQUIPMENT CO. LTD.	  	UNISOURCE CANADA INC. (NEW WESTMINSTER, BC)	  	 REG: MAY 04, 2010
 EXPIRY: MAY 04,
2015

				
	 743025F
	  	 PENSKE TRUCK LEASING CANADA INC
 LOCATIONS DE
CAMIONS PENSKE CANADA INC
	  	UNISOURCE CANADA INC (MISSISAUGA, ON)	  	 REG: SEP 01, 2010
 EXPIRY: SEP 01,
2017

				
	 830707F
	  	 PENSKE TRUCK LEASING CANADA INC
 LOCATIONS DE
CAMIONS PENSKE CANADA INC
	  	UNISOURCE CANADA INC (MISSISAUGA, ON)	  	 REG: OCT 26, 2010
 EXPIRY: OCT 26,
2014

				
	 888168F
	  	 PENSKE TRUCK LEASING CANADA INC
 LOCATIONS DE
CAMIONS PENSKE CANADA INC
	  	UNISOURCE CANADA INC (MISSISAUGA, ON)	  	 REG: NOV 30, 2010
 EXPIRY: NOV 30,
2016

				
	 029832G
	  	BANK OF AMERICA	  	UNISOURCE CANADA INC (RICHMOND HILL, ON)	  	 REG: MAR 04, 2011
 EXPIRY: MAR 04,
2018

				
	 260410G
	  	XEROX CANADA LTD	  	 UNISOURCE CANADA INC. (DELTA, BC)
 UNISOURCE
CANADA INC. (RICHMOND HILL, ON)
 UNISOURCE CANADA INC. (DARTMOUTH, NS)

UNISOURCE CANADA INC. (WINNIPEG, MB)
	  	 REG: JUL 21, 2011
 EXPIRY: JUL 21,
2015

  

							
	 BASE
REGISTRATION #
	  	 SECURED PARTY(IES)
	  	 DEBTOR(S)
	  	 DATE OF
REGISTRATION/EXPIRY

	628797G	  	 PENSKE TRUCK LEASING CANADA INC
 LOCATIONS DE
CAMIONS PENSKE CANADA INC
	  	UNISOURCE CANADA INC (MISSISAUGA, ON)	  	 REG: MAR 12, 2012
 EXPIRY: MAR 12,
2021

				
	 938054G
	  	XEROX CANADA LTD	  	 UNISOURCE CANADA INC. (DELTA, BC)
 UNISOURCE
CANADA INC. (OTTAWA, ON)
 UNISOURCE CANADA INC. (CALGARY, AB)

UNISOURCE CANADA INC. (SAINT-LAURENT, QC)
	  	 REG: SEP 06, 2012
 EXPIRY: SEP 06,
2016

				
	 010206H
	  	 PENSKE TRUCK LEASING CANADA INC
 LOCATIONS DE
CAMIONS PENSKE CANADA INC
	  	UNISOURCE CANADA INC (MISSISAUGA, ON)	  	 REG: OCT 19, 2012
 EXPIRY: OCT 19,
2020

				
	 714923H
	  	XEROX CANADA LTD	  	 UNISOURCE CANADA INC. (DELTA, BC)
 UNISOURCE
CANADA INC. (MISSISSAUGA, ON)
 UNISOURCE CANADA INC. (DARTMOUTH, NS)
	  	 REG: DEC 17, 2013
 EXPIRY: DEC 17,
2017

				
	 717189H
	  	DOCUMENT DIRECTION LIMITED PARTNERSHIP	  	UNISOURCE CANADA INC. (PRINCE GEORGE, BC)	  	 REG: DEC 18, 2013
 EXPIRY: DEC 18,
2017

				
	 767110H
	  	 PENSKE TRUCK LEASING CANADA INC
 LOCATIONS DE
CAMIONS PENSKE CANADA INC
	  	UNISOURCE CANADA INC (MISSISAUGA, ON)	  	 REG: JAN 23, 2014
 EXPIRY: JAN 23,
2022

 ii) Alberta 
  

					
	 SECURED PARTY
	  	 REGISTRATION TYPE
	  	 REGISTRATION NO.

	MAXIUM FINANCIAL SERVICES INC.	  	SECURITY AGREEMENT	  	 08080618182
 (6 YEARS)

 
 EXPIRY DATE:

2014-AUG-06

			
		  		  	 AMENDED BY:
 10070810529

			
		  		  	 AMENDED BY:
 10070832438

			
		  		  	 AMENDED BY:
 10071209152

			
	 PENSKE TRUCK LEASING CANADA INC
  

LOCATIONS DE CAMIONS PENSKE CANADA INC
	  	SECURITY AGREEMENT	  	 09030527634
 (8 YEARS)

 
 EXPIRY DATE:

2017-MAR-05

			
	 PENSKE TRUCK LEASING CANADA INC
  

LOCATIONS DE CAMIONS PENSKE CANADA INC
	  	SECURITY AGREEMENT	  	 09052703857
 (8 YEARS)

 
 EXPIRY DATE:

2017-MAY-27

			
	XEROX CANADA LTD	  	SECURITY AGREEMENT	  	 10072028138
 (4 YEARS)

 
 EXPIRY DATE:

2014-JUL-20

			
	XEROX CANADA LTD	  	SECURITY AGREEMENT	  	 10072110732
 (4 YEARS)

 
 EXPIRY DATE:

2014-JUL-21

  

					
	 SECURED PARTY
	  	 REGISTRATION TYPE
	  	 REGISTRATION NO.

	G.N. JOHNSTON EQUIPMENT CO LTD.	  	SECURITY AGREEMENT	  	 10112405957
 (4 YEARS)

 
 EXPIRY DATE:

2014-NOV-24

			
	 PENSKE TRUCK LEASING CANADA INC
  

LOCATIONS DE CAMIONS PENSKE CANADA INC
	  	SECURITY AGREEMENT	  	 10113017880
 (6 YEARS)

 
 EXPIRY DATE:

2016-NOV-30

			
	BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT	  	SECURITY AGREEMENT	  	 11030423700
 (7 YEARS)

 
 EXPIRY DATE:

2018-MAR-04

			
	BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT	  	LAND CHARGE	  	 11030423784
 (INFINITY)

			
	NATIONAL LEASING GROUP INC.	  	SECURITY AGREEMENT	  	 11051124442
 (6 YEARS)

 
 EXPIRY DATE:

2017-MAY-11

			
	 DE LAGE LANDEN FINANCIAL SERVICES CANADA INC.
  

SERVICES FINANCIERS DE LAGE LANDEN CANADA INC.
	  	SECURITY AGREEMENT	  	 11062412445
 (6 YEARS)

 
 EXPIRY DATE:

2017-JUN-24

			
	XEROX CANADA LTD	  	SECURITY AGREEMENT	  	 11072221645
 (4 YEARS)

 
 EXPIRY DATE:

2015-JUL-22

			
	DE LAGE LANDEN FINANCIAL SERVICES CANADA INC.	  	SECURITY AGREEMENT	  	 11122123336
 (6 YEARS)

 
 EXPIRY DATE:

2017-DEC-21

			
	G.N. JOHNSTON EQUIPMENT CO LTD.	  	SECURITY AGREEMENT	  	 12020915445
 (5 YEARS)

 
 EXPIRY DATE:

2017-FEB-09

			
	 PENSKE TRUCK LEASING CANADA INC
  

LOCATIONS DE CAMIONS PENSKE CANADA INC
	  	SECURITY AGREEMENT	  	 12031209451
 (9 YEARS)

 
 EXPIRY DATE:

2021-MAR-12

			
	G.N. JOHNSTON EQUIPMENT CO LTD.	  	SECURITY AGREEMENT	  	 12081412765
 (6 YEARS)

 
 EXPIRY DATE:

2018-AUG-14

			
	XEROX CANADA LTD	  	SECURITY AGREEMENT	  	 12090630447
 (4 YEARS)

 
 EXPIRY DATE:

2016-SEP-06

			
	 PENSKE TRUCK LEASING CANADA INC
  

LOCATIONS DE CAMIONS PENSKE CANADA INC
	  	SECURITY AGREEMENT	  	 12101904752
 (8 YEARS)

 
 EXPIRY DATE:

2020-OCT-19

			
	G.N JOHNSTON EQUIPMENT CO LTD.	  	SECURITY AGREEMENT	  	 13012823119
 (6 YEARS)

 
 EXPIRY DATE:

2019-JAN-28

			
	RYDER TRUCK RENTAL CANADA LTD	  	SECURITY AGREEMENT	  	 13050609103
 (7 YEARS)

 
 EXPIRY DATE:

2020-MAY-06

  

					
	 SECURED PARTY
	  	 REGISTRATION TYPE
	  	 REGISTRATION NO.

	RYDER TRUCK RENTAL CANADA LTD	  	SECURITY AGREEMENT	  	 13050609181
 (6 YEARS)

 
 EXPIRY DATE:

2019-MAY-06

			
	G.N JOHNSTON EQUIPMENT CO LTD.	  	SECURITY AGREEMENT	  	 13053044123
 (6 YEARS)

 
 EXPIRY DATE:

2019-MAY-30

			
	DOCUMENT DIRECTION LIMITED PARTNERSHIP	  	SECURITY AGREEMENT	  	 13121841319
 (4 YEARS)

 
 EXPIRY DATE:

2017-DEC-18

			
	XEROX CANADA LTD	  	SECURITY AGREEMENT	  	 14010620846
 (4 YEARS)

 
 EXPIRY DATE:

2018-JAN-06

			
	 PENSKE TRUCK LEASING CANADA INC
  

LOCATIONS DE CAMIONS PENSKE CANADA INC
	  	SECURITY AGREEMENT	  	 14012307272
 (8 YEARS)

 
 EXPIRY DATE:

2022-JAN-23

 iii) Saskatchewan 
  

					
	 SECURED PARTY
	  	 REGISTRATION NUMBER AND DATE
	  	 COMMENTS/EXPIRY DATE

	MAXIUM FINANCIAL SERVICES INC.	  	 300356043
 AUGUST 6, 2008
	  	 EXPIRY: AUGUST 6, 2014
  

JULY 8, 2010: ADD DEBTOR PARTY
  

JULY 9, 2010: DELETE SECURED PARTY ADD SECURED PARTY
  

JULY 12, 2010: DELETE DEBTOR PARTY

			
	G N JOHNSTON EQUIPMENT CO LTD	  	 300679994
 JANUARY 24, 2011
	  	EXPIRY: JANUARY 24, 2016
			
	BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT	  	 300693305
 MARCH 4, 2011
	  	EXPIRY: MARCH 4, 2018
			
	 1. PENSKE TRUCK LEASING CANADA INC

2. LOCATIONS DE CAMIONS PENSKE CANADA INC
	  	 300431651
 MARCH 5, 2009
	  	EXPIRY: MARCH 5, 2017
			
	 1. PENSKE TRUCK LEASING CANADA INC

2. LOCATIONS DE CAMIONS PENSKE CANADA INC
	  	 300463029
 MAY 27, 2009
	  	EXPIRY: MAY 27, 2017
			
	 1. PENSKE TRUCK LEASING CANADA INC

2. LOCATIONS DE CAMIONS PENSKE CANADA INC
	  	 300839545
 MARCH 12, 2012
	  	EXPIRY: MARCH 12, 2021
			
	 1. PENSKE TRUCK LEASING CANADA INC

2. LOCATIONS DE CAMIONS PENSKE CANADA INC
	  	 300941003
 OCTOBER 19, 2012
	  	EXPIRY: OCTOBER 19, 2020
			
	 1. PENSKE TRUCK LEASING CANADA INC

2. LOCATIONS DE CAMIONS PENSKE CANADA INC
	  	 301138957
 JANUARY 23, 2014
	  	EXPIRY: JANUARY 23, 2022
			
	XEROX CANADA LTD	  	 300650454
 OCTOBER 28, 2010
	  	EXPIRY: OCTOBER 28, 2014
			
	XEROX CANADA LTD	  	 300670253
 DECEMBER 22, 2010
	  	EXPIRY: DECEMBER 22, 2014
			
	XEROX CANADA LTD	  	 300846242
 MARCH 27, 2012
	  	EXPIRY: MARCH 27, 2016
			
	G N JOHNSTON EQUIPMENT CO LTD	  	 300982887
 FEBRUARY 5, 2013
	  	 EXPIRY: FEBRUARY 5, 2018
  

DECEMBER 4, 2013: AMEND GENERAL PROPERTY DESCRIPTION

			
	DOCUMENT DIRECTION LIMITED PARTNERSHIP	  	 301126023
 DECEMBER 18, 2013
	  	EXPIRY: DECEMBER 18, 2017

  

 iv) Manitoba 
  

	1.	REGISTRATION NO. 201110832708 EVIDENCING A SECURITY INTEREST IN A CERTAIN MOTOR VEHICLE LISTED BY SERIAL NUMBER IN FAVOUR OF G.N. JOHNSTON EQUIPMENT CO. LTD.; 

 

	2.	REGISTRATION NO. 201106954300 EVIDENCING A SECURITY INTEREST IN CERTAIN MOTOR VEHICLES LISTED BY SERIAL NUMBER IN FAVOUR OF G.N. JOHNSTON EQUIPMENT CO. LTD.; 

 

	3.	REGISTRATION NO. 201105563308 EVIDENCING A SECURITY INTEREST IN A CERTAIN MOTOR VEHICLE LISTED BY SERIAL NUMBER IN FAVOUR OF G.N. JOHNSTON EQUIPMENT CO. LTD.; 

 

	4.	REGISTRATION NO. 201103415301 EVIDENCING A SECURITY INTEREST IN ALL OF THE DEBTOR’S PRESENT AND AFTER-ACQUIRED PERSONAL PROPERTY IN FAVOUR OF BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT; 

 

	5.	REGISTRATION NO. 201401307406 EVIDENCING A SECURITY INTEREST WITH PERFECTION IN ANOTHER JURISDICTION IN CERTAIN MOTOR VEHICLES LISTED BY SERIAL NUMBER IN FAVOUR OF PENSKE TRUCK LEASING CANADA INC. / LOCATIONS DE CAMIONS
PENSKE CANADA INC.; 

  

	6.	REGISTRATION NO. 201307658106 EVIDENCING A SECURITY INTEREST IN CERTAIN MOTOR VEHICLES LISTED BY SERIAL NUMBER IN FAVOUR OF RYDER TRUCK RENTAL CANADA LTD.; 

 

	7.	REGISTRATION NO. 201307657606 EVIDENCING A SECURITY INTEREST IN CERTAIN MOTOR VEHICLES LISTED BY SERIAL NUMBER IN FAVOUR OF RYDER TRUCK RENTAL CANADA LTD.; 

 

	8.	REGISTRATION NO. 201218557606 EVIDENCING A SECURITY INTEREST WITH PERFECTION IN ANOTHER JURISDICTION IN CERTAIN MOTOR VEHICLES LISTED BY SERIAL NUMBER IN FAVOUR OF PENSKE TRUCK LEASING CANADA INC. / LOCATIONS DE CAMIONS
PENSKE CANADA INC.; 

  

	9.	REGISTRATION NO. 201203931706 EVIDENCING A SECURITY INTEREST WITH PERFECTION IN ANOTHER JURISDICTION IN CERTAIN MOTOR VEHICLES LISTED BY SERIAL NUMBER IN FAVOUR OF PENSKE TRUCK LEASING CANADA INC. / LOCATIONS DE CAMIONS
PENSKE CANADA INC.; 

  

	10.	REGISTRATION NO. 201112176506 EVIDENCING A SECURITY INTEREST IN CERTAIN OFFICE EQUIPMENT AND SOFTWARE IN FAVOUR OF XEROX CANADA LTD.; 

 

	11.	REGISTRATION NO. 200908651200 EVIDENCING A SECURITY INTEREST WITH PERFECTION IN ANOTHER JURISDICTION IN CERTAIN MOTOR VEHICLES LISTED BY SERIAL NUMBER IN FAVOUR OF PENSKE TRUCK LEASING CANADA INC. / LOCATIONS DE CAMIONS
PENSKE CANADA INC.; 

  

	12.	REGISTRATION NO. 200903433905 EVIDENCING A SECURITY INTEREST WITH PERFECTION IN ANOTHER JURISDICTION IN A CERTAIN MOTOR VEHICLE LISTED BY SERIAL NUMBER IN FAVOUR OF PENSKE TRUCK LEASING CANADA INC. / LOCATIONS DE
CAMIONS PENSKE CANADA INC.; 

  

	13.	REGISTRATION NO. 201322871800 EVIDENCING A SECURITY INTEREST IN CERTAIN OFFICE EQUIPMENT AND/OR INVENTORY IN FAVOUR OF DOCUMENT DIRECTION LIMITED PARTNERSHIP; 

 

	14.	REGISTRATION NO. 201108460500 EVIDENCING A SECURITY INTEREST IN CERTAIN OFFICE EQUIPMENT AND SOFTWARE OM FAVOUR OF XEROX CANADA LTD. 

v) Ontario 
  

					
	 SECURED PARTY
	  	 COLLATERAL CLASSIFICATION
	  	 REFERENCE FILE NO. & REGISTRATION
NO.

	G.N. JOHNSTON EQUIPMENT CO. LTD.	  	 EQUIPMENT, MOTOR VEHICLES
 MOTOR VEHICLE
SCHEDULE ATTACHED
 6 SPECIFIC MOTOR VEHICLES REFERENCED
	  	 695875338 -
 20140506 1116 1097 5210 (5
YEARS)

			
	TRAILER WIZARDS LTD	  	 EQUIPMENT, MOTOR VEHICLES
 1 SPECIFIC MOTOR
VEHICLE REFERENCED
	  	 694382832 -
 20140313 1111 1590 8455 (3
YEARS)

			
	TRAILER WIZARDS LTD	  	 EQUIPMENT, MOTOR VEHICLES
 2 SPECIFIC MOTOR
VEHICLES REFERENCED
	  	 693502821 -
 20140131 1051 1590 6061 (3
YEARS)

			
	 PENSKE TRUCK LEASING CANADA INC
 LOCATIONS DE
CAMIONS PENSKE CANADA INC
	  	 EQUIPMENT, OTHER, MOTOR VEHICLES
 2 SPECIFIC
MOTOR VEHICLES REFERENCED
	  	 693341505 -
 20140123 1427 1462 1779 (8
YEARS)

			
	XEROX CANADA LTD	  	EQUIPMENT, OTHER	  	 692670258 -
 20131218 1007 1462 4150 (4
YEARS)

  

					
	 SECURED PARTY
	  	 COLLATERAL CLASSIFICATION
	  	 REFERENCE FILE NO. & REGISTRATION
NO.

	XEROX CANADA LTD	  	EQUIPMENT, OTHER	  	 692670267 -
 20131218 1007 1462 4151 (4
YEARS)

			
	DOCUMENT DIRECTION LIMITED PARTNERSHIP	  	EQUIPMENT, ACCOUNTS, OTHER	  	 692697663 -
 20131218 1942 1531 2882 (4
YEARS)

			
	RICOH CANADA INC.	  	EQUIPMENT	  	692288748 -
20131202 1526 5064 3730 (5 YEARS)
			
	G.N. JOHNSTON EQUIPMENT CO. LTD.	  	 EQUIPMENT, MOTOR VEHICLES
 MOTOR VEHICLE
SCHEDULE ATTACHED
 4 SPECIFIC MOTOR VEHICLES REFERENCED
	  	689852925 -
20130829 0929 1097 4966 (1 YEAR)
			
	G.N. JOHNSTON EQUIPMENT CO. LTD.	  	 EQUIPMENT, MOTOR VEHICLES
 MOTOR VEHICLE
SCHEDULE ATTACHED
 10 SPECIFIC MOTOR VEHICLES REFERENCED
	  	688069512 -
20130625 1601 1097 4903 (6 YEARS)
			
	TRAILER WIZARDS LIMITED	  	 EQUIPMENT, OTHER, MOTOR VEHICLES
 1 SPECIFIC
MOTOR VEHICLE REFERENCED
	  	686147382 -
20130417 1407 1462 3250 (3 YEARS)
			
	TRAILCON LEASING INC.	  	 EQUIPMENT, MOTOR VEHICLES
 1 SPECIFIC MOTOR
VEHICLE REFERENCED
	  	684141525 -
20130116 1702 1462 8335 (8 YEARS)
			
	TRAILCON LEASING INC.	  	 EQUIPMENT, MOTOR VEHICLES
 2 SPECIFIC MOTOR
VEHICLES REFERENCED
	  	684141534 -
20130116 1702 1462 8336 (8 YEARS)
			
	TRAILCON LEASING INC.	  	 EQUIPMENT, MOTOR VEHICLES
 7 SPECIFIC MOTOR
VEHICLES REFERENCED
	  	684141543 -
20130116 1702 1462 8337 (8 YEARS)
			
	TRAILCON LEASING INC.	  	 EQUIPMENT, MOTOR VEHICLES
 1 SPECIFIC MOTOR
VEHICLE REFERENCED
	  	684141552 -
20130116 1702 1462 8338 (8 YEARS)
			
	TRAILCON LEASING INC.	  	 EQUIPMENT, MOTOR VEHICLES
 2 SPECIFIC MOTOR
VEHICLES REFERENCED
	  	684141561 -
20130116 1702 1462 8339 (8 YEARS)
			
	TRAILCON LEASING INC.	  	 EQUIPMENT, MOTOR VEHICLES
 4 SPECIFIC MOTOR
VEHICLES REFERENCED
	  	684141579 -
20130116 1702 1462 8340 (8 YEARS)
			
	TRAILCON LEASING INC.	  	 EQUIPMENT, MOTOR VEHICLES
 2 SPECIFIC MOTOR
VEHICLES REFERENCED
	  	684141588 -
20130116 1702 1462 8341 (8 YEARS)
			
	TRAILCON LEASING INC.	  	 EQUIPMENT, MOTOR VEHICLES
 1 SPECIFIC MOTOR
VEHICLE REFERENCED
	  	684141597 -
20130116 1702 1462 8342 (8 YEARS)
			
	G.N.J OHNSTON {SIC} EQUIPMENT CO. LTD.	  	 EQUIPMENT, MOTOR VEHICLES
 1 SPECIFIC MOTOR
VEHICLE REFERENCED
	  	684035397 -
20130110 1455 1097 4755 (6 YEARS)
			
	XEROX CANADA LTD	  	EQUIPMENT, OTHER	  	683441145 -
20121207 1704 1462 9842 (4 YEARS)
			
	TRAILCON LEASING INC.	  	 EQUIPMENT, MOTOR VEHICLES
 24 SPECIFIC MOTOR
VEHICLES REFERENCED
	  	682550127 -
20121031 1405 1462 8802 (8 YEARS)
			
	 PENSKE TRUCK LEASING CANADA INC
 LOCATIONS DE
CAMIONS PENSKE CANADA INC
	  	 EQUIPMENT, OTHER, MOTOR VEHICLES
 32 SPECIFIC
MOTOR VEHICLES REFERENCED
	  	682267266 -
20121018 1710 1462 6093 (8 YEARS)
			
	XEROX CANADA LTD	  	EQUIPMENT, OTHER	  	681257187 -
20120906 1709 1462 6400 (4 YEARS)
			
	XEROX CANADA LTD	  	EQUIPMENT, OTHER	  	679316805 -
20120620 1003 1462 9005 (4 YEARS)
			
	G.N. JOHNSTON EQUIPMENT CO. LTD.	  	 EQUIPMENT, MOTOR VEHICLES
 2 SPECIFIC MOTOR
VEHICLES REFERENCED
	  	677537127 -
20120412 1401 1097 4537 (6 YEARS)
			
	 PENSKE TRUCK LEASING CANADA INC
 LOCATIONS DE
CAMIONS PENSKE CANADA INC
	  	 EQUIPMENT, OTHER, MOTOR VEHICLES
 10 SPECIFIC
MOTOR VEHICLES REFERENCED
	  	676771641 -
20120312 1403 1462 1004 (9 YEARS)
			
	XEROX CANADA LTD	  	EQUIPMENT, OTHER	  	676694052 -
20120307 1708 1462 9711 (4 YEARS)

					
	 SECURED PARTY
	  	 COLLATERAL CLASSIFICATION
	  	 REFERENCE FILE NO. & REGISTRATION
NO.

	G.N. JOHNSTON EQUIPMENT CO. LTD.	  	 EQUIPMENT, MOTOR VEHICLES
 1 SPECIFIC MOTOR
VEHICLE REFERENCED
	  	676546371 -
20120301 1126 1097 4503 (5 YEARS)
			
	RYDER TRUCK RENTAL CANADA LTD	  	 EQUIPMENT, MOTOR VEHICLES
 1 SPECIFIC MOTOR
VEHICLE REFERENCED
	  	674667027 -
20111128 1406 1462 4505 (6 YEARS)
			
	G.N. JOHNSTON EQUIPMENT CO. LTD.	  	 EQUIPMENT, MOTOR VEHICLES
 MOTOR VEHICLE
SCHEDULE ATTACHED
 4 SPECIFIC MOTOR VEHICLES REFERENCED
	  	672674967 -
20110902 1351 1097 4308 (6 YEARS)
			
	XEROX CANADA LTD	  	EQUIPMENT, OTHER	  	671674248 -
20110722 1706 1462 1897 (4 YEARS)
			
	XEROX CANADA LTD	  	EQUIPMENT, OTHER	  	671631201 -
20110721 1406 1462 1534 (4 YEARS)
			
	TRAILER WIZARDS LIMITED	  	 EQUIPMENT, OTHER, MOTOR VEHICLES
 2 SPECIFIC
MOTOR VEHICLES REFERENCED
	  	670990266 -
20110627 1402 1462 4685 (3 YEARS)
			
	XEROX CANADA LTD	  	EQUIPMENT, OTHER	  	670102533 -
20110524 1701 1462 5702 (4 YEARS)
			
	G.N. JOHNSTON EQUIPMENT CO. LTD.	  	 EQUIPMENT, MOTOR VEHICLES
 1 SPECIFIC MOTOR
VEHICLE REFERENCED
	  	669423186 -
20110428 1358 1097 4202 (5 YEARS)
			
		  		  	AMENDED BY:
20110506 1134 1097 4208
			
		  		  	AMENDED BY:
20110914 1438 1097 4330
			
	XEROX CANADA LTD	  	EQUIPMENT, OTHER	  	669106341 -
20110414 1702 1462 6102 (4 YEARS)
			
	RYDER TRUCK RENTAL CANADA LTD	  	 EQUIPMENT, MOTOR VEHICLES
 2 SPECIFIC MOTOR
VEHICLES REFERENCED
	  	668166228 -
20110309 1407 1462 5797 (3 YEARS)
			
		  		  	 RENEWED BY:
 20140210 1404 1462 7298 (1
YEAR)

			
	BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT	  	INVENTORY, EQUIPMENT, ACCOUNTS, OTHER	  	668059038 -
20110304 1417 1590 7676 (7 YEARS)
			
	G.N. JOHNSTON EQUIPMENT CO. LTD.	  	 EQUIPMENT, MOTOR VEHICLES
 1 SPECIFIC MOTOR
VEHICLE REFERENCED
	  	667271061 -
20110121 1537 1097 4121 (5 YEARS)
			
	G.N. JOHNSTON EQUIPMENT CO. LTD.	  	 EQUIPMENT, MOTOR VEHICLES
 1 SPECIFIC MOTOR
VEHICLE REFERENCED
	  	667271133 -
20110121 1540 1097 4122 (5 YEARS)
			
	XEROX CANADA LTD	  	EQUIPMENT, OTHER	  	666730242 -
20101222 1412 1462 9042 (4 YEARS)
			
	 WESTERN TORONTO INTERNATIONAL TRUCKS INC.

TALLMAN TRUCK CENTRE LIMITED
	  	 EQUIPMENT, MOTOR VEHICLES
 4 SPECIFIC MOTOR
VEHICLES REFERENCED
	  	666420975 -
20101207 1703 1462 5377 (7 YEARS)
			
		  		  	AMENDED BY:
20130417 1407 1462 3365
			
	 WESTERN TORONTO INTERNATIONAL TRUCKS INC.

TALLMAN TRUCK CENTRE LIMITED
	  	 EQUIPMENT, MOTOR VEHICLES
 4 SPECIFIC MOTOR
VEHICLES REFERENCED
	  	666018297 -
20101119 1703 1462 0995 (7 YEARS)
			
		  		  	AMENDED BY:
20130417 1407 1462 3367
			
	XEROX CANADA LTD	  	EQUIPMENT, OTHER	  	665988327 -
20101118 1732 1462 0722 (4 YEARS)
			
	XEROX CANADA LTD	  	EQUIPMENT, OTHER	  	664140546 -
20100901 1714 1462 3199 (4 YEARS)
			
	XEROX CANADA LTD	  	EQUIPMENT, OTHER	  	659833551 -
20100315 1706 1462 1657 (5 YEARS)
			
	XEROX CANADA LTD	  	EQUIPMENT, OTHER	  	659745405 -
20100310 1702 1462 0166 (5 YEARS)
			
	RYDER TRUCK RENTAL CANADA LTD	  	 EQUIPMENT, MOTOR VEHICLES
 1 SPECIFIC MOTOR
VEHICLE REFERENCED
	  	654843456 -
20090710 1947 1531 1960 (4 YEARS)
			
		  		  	 RENEWED BY:
 20130704 1706 1462 7359 (1
YEAR)

					
	 SECURED PARTY
	  	 COLLATERAL CLASSIFICATION
	  	 REFERENCE FILE NO. & REGISTRATION
NO.

	 PENSKE TRUCK LEASING CANADA INC
 LOCATIONS DE
CAMIONS PENSKE CANADA INC
	  	 EQUIPMENT, OTHER, MOTOR VEHICLES
 12 SPECIFIC
MOTOR VEHICLES REFERENCED
	  	 653733783 -
 20090527 1701 1462 1434 (8
YEARS)

			
	RYDER TRUCK RENTAL CANADA LTD	  	 EQUIPMENT, MOTOR VEHICLES
 1 SPECIFIC MOTOR
VEHICLE REFERENCED
	  	 653252589 -
 20090506 1701 1462 6001 (6
YEARS)

			
	RYDER TRUCK RENTAL CANADA LTD	  	 EQUIPMENT, MOTOR VEHICLES
 2 SPECIFIC MOTOR
VEHICLES REFERENCED
	  	 653080932 -
 20090430 1005 1462 4118 (6
YEARS)

			
	RYDER TRUCK RENTAL CANADA LTD	  	 EQUIPMENT, MOTOR VEHICLES
 1 SPECIFIC MOTOR
VEHICLE REFERENCED
	  	 653096016 -
 20090430 1401 1462 4224 (6
YEARS)

			
	 PENSKE TRUCK LEASING CANADA INC
 LOCATIONS DE
CAMIONS PENSKE CANADA INC
	  	 EQUIPMENT, OTHER, MOTOR VEHICLES
 1 SPECIFIC
MOTOR VEHICLE REFERENCED
	  	 651900852 -
 20090306 1405 1462 1820 (8
YEARS)

			
	HEWLETT-PACKARD FINANCIAL SERVICES CANADA COMPANY	  	EQUIPMENT, OTHER	  	 649578393 -
 20081029 1437 8077 1301 (25
YEARS)

			
		  		  	 AMENDED BY:
 20130910 1647 8077
4792

			
	MAXIUM FINANCIAL SERVICES INC.	  	 EQUIPMENT, OTHER, MOTOR VEHICLES
 2 SPECIFIC
MOTOR VEHICLES REFERENCED
	  	 647507205 -
 20080806 1448 1530 6060 (6
YEARS)

			
		  		  	 AMENDED BY:
 20100708 1453 1530
0349

			
		  		  	 ASSIGNED BY:
 20100708 1939 1531
2095

			
		  		  	 AMENDED BY:
 20100712 1452 1530
2214

			
	RYDER TRUCK RENTAL CANADA LTD	  	 EQUIPMENT, MOTOR VEHICLES
 1 SPECIFIC MOTOR
VEHICLE REFERENCED
	  	 646496613 -
 20080630 1004 1462 2980 (8
YEARS)

			
	RYDER TRUCK RENTAL CANADA LTD	  	 EQUIPMENT, MOTOR VEHICLES
 1 SPECIFIC MOTOR
VEHICLE REFERENCED
	  	 645963489 -
 20080610 1702 1462 8802 (7
YEARS)

			
	RYDER TRUCK RENTAL CANADA LTD	  	 EQUIPMENT, MOTOR VEHICLES
 1 SPECIFIC MOTOR
VEHICLE REFERENCED
	  	 645963498 -
 20080610 1702 1462 8803 (7
YEARS)

			
	RYDER TRUCK RENTAL CANADA LTD	  	 EQUIPMENT, MOTOR VEHICLES
 1 SPECIFIC MOTOR
VEHICLE REFERENCED
	  	 644309811 -
 20080417 1703 1462 6430 (7
YEARS)

			
	RYDER TRUCK RENTAL CANADA LTD	  	 EQUIPMENT, MOTOR VEHICLES
 1 SPECIFIC MOTOR
VEHICLE REFERENCED
	  	 644164182 -
 20080414 1003 1462 5443 (6
YEARS)

			
		  		  	 RENEWED BY:
 20140326 1403 1462 1350 (1
YEAR)

			
	RYDER TRUCK RENTAL CANADA LTD	  	 EQUIPMENT, MOTOR VEHICLES
 1 SPECIFIC MOTOR
VEHICLE REFERENCED
	  	 644189265 -
 20080414 1703 1462 5660 (7
YEARS)

			
	RYDER TRUCK RENTAL CANADA LTD.	  	 EQUIPMENT, MOTOR VEHICLES
 1 SPECIFIC MOTOR
VEHICLE REFERENCED
	  	 633364848 -
 20070309 1455 1530 1443 (6
YEARS)

			
		  		  	 RENEWED BY:
 20130115 1703 1462 8095 (1
YEAR)

			
		  		  	 RENEWED BY:
 20140210 1404 1462 7296 (1
YEAR)

			
	RYDER TRUCK RENTAL CANADA LTD.	  	 EQUIPMENT, MOTOR VEHICLES
 1 SPECIFIC MOTOR
VEHICLE REFERENCED
	  	 633364857 -
 20070309 1455 1530 1444 (6
YEARS)

			
		  		  	 RENEWED BY:
 20130115 1703 1462 8092 (1
YEAR)

			
		  		  	 RENEWED BY:
 20140210 1404 1462 7297 (1
YEAR)

					
	 SECURED PARTY
	  	 COLLATERAL CLASSIFICATION
	  	 REFERENCE FILE NO. & REGISTRATION
NO.

	RYDER TRUCK RENTAL CANADA LTD.	  	 EQUIPMENT, MOTOR VEHICLES
 1 SPECIFIC MOTOR
VEHICLE REFERENCED
	  	 633364893 -
 20070309 1455 1530 1448 (7
YEARS)

			
		  		  	 RENEWED BY:
 20140304 1409 1462 3579 (1
YEAR)

			
	RYDER TRUCK RENTAL CANADA LTD.	  	 EQUIPMENT, MOTOR VEHICLES
 1 SPECIFIC MOTOR
VEHICLE REFERENCED
	  	 633364902 -
 20070309 1455 1530 1449 (7
YEARS)

			
		  		  	 RENEWED BY:
 20140304 1409 1462 3580 (1
YEAR)

			
	RYDER TRUCK RENTAL CANADA LTD.	  	 EQUIPMENT, MOTOR VEHICLES
 1 SPECIFIC MOTOR
VEHICLE REFERENCED
	  	 632939859 -
 20070220 1950 1531 4757 (6
YEARS)

			
		  		  	 RENEWED BY:
 20130104 1704 1462 5890 (1
YEAR)

			
		  		  	 RENEWED BY:
 20140127 1423 1462 2662 (1
YEAR)

			
	RYDER TRUCK RENTAL CANADA LTD.	  	 EQUIPMENT, MOTOR VEHICLES
 1 SPECIFIC MOTOR
VEHICLE REFERENCED
	  	 622575576 -
 20060207 1943 1531 5954 (8
YEARS)

			
		  		  	 RENEWED BY:
 20140130 1403 1462 3889 (1
YEAR)

			
	RYDER TRUCK RENTAL CANADA LTD.	  	 EQUIPMENT, MOTOR VEHICLES
 1 SPECIFIC MOTOR
VEHICLE REFERENCED
	  	 622537173 -
 20060206 1450 1530 2358 (8
YEARS)

			
		  		  	 RENEWED BY:
 20140130 1403 1462 3888 (1
YEAR)

			
	RYDER TRUCK RENTAL CANADA LTD.	  	 EQUIPMENT, MOTOR VEHICLES
 1 SPECIFIC MOTOR
VEHICLE REFERENCED
	  	 622537182 -
 20060206 1450 1530 2359 (8
YEARS)

			
		  		  	 RENEWED BY:
 20140130 1403 1462 3885 (1
YEAR)

			
	RYDER TRUCK RENTAL CANADA LTD.	  	 EQUIPMENT, MOTOR VEHICLES
 1 SPECIFIC MOTOR
VEHICLE REFERENCED
	  	 622537191 -
 20060206 1450 1530 2360 (8
YEARS)

			
		  		  	 RENEWED BY:
 20140130 1403 1462 3887 (1
YEAR)

			
	RYDER TRUCK RENTAL CANADA LTD.	  	 EQUIPMENT, MOTOR VEHICLES
 1 SPECIFIC MOTOR
VEHICLE REFERENCED
	  	 622537209 -
 20060206 1450 1530 2361 (8
YEARS)

			
		  		  	 RENEWED BY:
 20140130 1403 1462 3886 (1
YEAR)

			
	HEWLETT-PACKARD FINANCIAL SERVICES CANADA COMPANY	  	EQUIPMENT, OTHER	  	 894386835 -
 20030515 1445 8077 3945 (4
YEARS)

			
		  		  	 AMENDED BY:
 20060308 1044 8077
2654

			
		  		  	 RENEWED BY:
 20060308 1448 8077 2724 (15
YEARS)

 Ontario - Security interests registered under Section 427 of the Bank Act: 

 

			
	NAME & ADDRESS:	 	 UNISOURCE CANADA, INC.
 50 EAST WILMOT
STREET
 RICHMOND HILL, ON L4B 3Z3

		
	DATE:	 	MARCH 8, 2011
		
	EXPIRY DATE:	 	DECEMBER 31, 2016
		
	NUMBER:	 	01261955
		
	NAME & ADDRESS OF THE BANK:	 	 0241 – BANK OF AMERICA NATIONAL ASSOCIATION

56792 – MAIN BRANCH
 200 FRONT ST. W., SUITE 2700

TORONTO, ON M5V 3L2

 vi) Quebec 
  

							
	 REF
NO
	 	 REGISTRATION NO./
REGISTRATION DATE
(Y-M-D) &
TIME
	  	 PARTIES
	  	 NATURE OF REGISTRATION/
AMOUNT -  CDN
$/
AGREEMENT DATE
(Y-M-D)/
FORM

		 		  	ASSIGNOR (AND RE-ASSIGNEE): UNISOURCE CANADA, INC	  	
	  
 1.
	 	  
 96-0066195-0001

1996-06-05
 01:23 PM
	  	  
 ASSIGNEE:

STARS TRUST
 SUBSEQUENT ASSIGNEE:

CANADIAN MASTERS TRUST 
 RIGHTS WERE THEN RE-ASSIGNED
TO UNISOURCE CANADA, INC.
	  	  
 ASSIGNMENT OF A UNIVERSALITY OF
CLAIMS
 1992-09-04

				
	2.	 	 11-0147974-0001

2011-03-09
 9:00 AM
	  	 HOLDER:
 BANK OF AMERICA, N.A.

 
 GRANTOR:

UNISOURCE CANADA, INC.
	  	 MOVABLE HYPOTHEC WITHOUT DELIVERY

$420,000,000
 2011-03-08
(PRIVATE
WRITING)

				
	3.	 	 07-0202799-0002 2007-04-18

11:01 AM
 EXPIRY DATE:
2015-04-01
	  	 LESSOR:
 RYDER TRUCK RENTAL CANADA LTD

 
 LESSEE:

UNISOURCE CANADA, INC.
	  	 RIGHTS UNDER A LEASE

2007-03-14

				
	4.	 	 07-0245003-0001 2007-05-070

9:00 AM
 EXPIRY DATE:
2017-05-04
	  	 LESSOR:
 UNISOURCE CANADA, INC.

 
 LESSEE:

VIC COLOR INC. /COULEUR VIC INC.
	  	 RIGHTS UNDER A LEASE

NO DATE

				
	5.	 	 07-0272290-0005 2007-05-16

01:50 PM
 EXPIRY DATE:
2015-02-27
	  	 LESSOR:
 RYDER TRUCK RENTAL CANADA LTD

 
 LESSEE:

UNISOURCE CANADA INC.
	  	 RIGHTS UNDER A LEASE

2007-03-24

				
	6.	 	 07-0289404-0001 2007-05-24

01:57 PM
 EXPIRY DATE:
2015-02-27
	  	 LESSOR:
 RYDER TRUCK RENTAL CANADA LTD

 
 LESSEE:

UNISOURCE CANADA, INC.
	  	 RIGHTS UNDER A LEASE

2007-03-14

				
	7.	 	 09-0115848-0004 2009-03-06

01:12 PM
 EXPIRY DATE:
2017-03-05
	  	 LESSOR:
 PENSKE TRUCK LEASING CANADA INC/
LOCATIONS DE CAMIONS PENSKE CANADA INC.
  
 LESSEE:

UNISOURCE CANADA INC
	  	 RIGHTS UNDER A LEASE

NO DATE

				
	8.	 	 09-0257206-0002 2009-05-07

10:39 AM
 EXPIRY DATE:
2016-05-06
	  	 LESSOR:
 RYDER TRUCK RENTAL CANADA LTD

 
 LESSEE:

UNISOURCE CANADA INC.
	  	 RIGHTS UNDER A LEASE

NO DATE

				
	9.	 	 09-0306814-0002 2009-05-27

02:43 PM
 EXPIRY DATE:
2017-05-27
	  	 LESSOR:
 PENSKE TRUCK LEASING CANADA INC/
LOCATIONS DE CAMIONS PENSKE CANADA INC.
  
 LESSEE:

UNISOURCE CANADA INC
	  	 RIGHTS UNDER A LEASE

NO DATE

				
	10.	 	 10-0608666-0005 2010-09-02

12:37 AM
 EXPIRY DATE:
2017-09-01
	  	 LESSOR:
 PENSKE TRUCK LEASING CANADA INC/
LOCATIONS DE CAMIONS PENSKE CANADA INC.
  
 LESSEE:

UNISOURCE CANADA INC
	  	RIGHTS UNDER A LEASE
NO DATE

							
	 REF
NO
	 	 REGISTRATION NO./
REGISTRATION DATE
(Y-M-D) &
TIME
	  	 PARTIES
	  	 NATURE OF REGISTRATION/
AMOUNT - CDN
$/
AGREEMENT DATE
(Y-M-D)/
FORM

	11.	 	 10-0751911-0005 2010-10-26

02:19 PM
 EXPIRY DATE:
2014-10-25
	  	 LESSOR:
 PENSKE TRUCK LEASING CANADA INC/
LOCATIONS DE CAMIONS PENSKE CANADA INC.
  
 LESSEE:

UNISOURCE CANADA INC
	  	RIGHTS UNDER A LEASE
NO DATE
				
	12.	 	 10-0817636-0008 2010-11-19

10:48 AM
 EXPIRY DATE:
2014-11-18
	  	 LESSOR:
 XEROX CANADA LTD

 
 LESSEE:

UNISOURCE CANADA INC.
	  	RIGHTS UNDER A LEASE
NO DATE
				
	13.	 	 10-0847359-0006 2010-12-01

12:11 AM
 EXPIRY DATE:
2016-11-30
	  	 LESSOR:
 PENSKE TRUCK LEASING CANADA INC/
LOCATIONS DE CAMIONS PENSKE CANADA INC.
  
 LESSEE:

UNISOURCE CANADA INC
	  	RIGHTS UNDER A LEASE
NO DATE
				
	14.	 	 10-0903495-0005 2010-12-24

09:00 AM
 EXPIRY DATE:
2014-12-22
	  	 LESSOR:
 XEROX CANADA LTD

 
 LESSEE:

UNISOURCE CANADA INC.
	  	RIGHTS UNDER A LEASE
NO DATE
				
	15.	 	 11-0222470-0001 2011-04-04

10:28 AM
 EXPIRY DATE:
2016-04-04
	  	 LESSOR (CRÉDIT-PRENEUR):
 EQUIPMENTS G.N.
JONSTON CO. LTÉE
  
 LESSEE (CRÉDIT-PRENEUR):

UNISOURCE CANADA INC.
	  	RIGHTS OF OWNERSHIP OF THE LESSOR IN A LEASING CONTRACT
NO DATE
				
	16.	 	 11-0558274-0001 2011-07-22

02:57 PM
 EXPIRY DATE:
2015-07-21
	  	 LESSOR:
 XEROX CANADA LTD

 
 LESSEE:

UNISOURCE CANADA INC.
	  	RIGHTS UNDER A LEASE
NO DATE
				
	17.	 	 11-0621491-0001 2011-08-16

09:00 AM
 EXPIRY DATE:
2015-08-01
	  	 LESSOR (CRÉDIT-PRENEUR):
 HEWLETT-PACKARD
FINANCIAL SERVICES CANADA COMPANY
 COMPAGNIE DE SERVICES FINANCIERS HEWLETT-PACKARD CANADA

 
 LESSEE (CRÉDIT-PRENEUR):

UNISOURCE CANADA INC.
	  	RIGHTS OF OWNERSHIP OF THE LESSOR IN A LEASING CONTRACT
2011-08-01
				
	18.	 	 12-0173578-0009 2012-03-12

02:56 PM
 EXPIRY DATE:
2021-03-12
	  	 LESSOR:
 PENSKE TRUCK LEASING CANADA INC

LOCATIONS DE CAMIONS PENSKE CANADA INC.
  

LESSEE:
 UNISOURCE CANADA INC
	  	 RIGHTS UNDER A LEASE

NO DATE

				
	19.	 	 12-0734507-0007 2012-09-07

10:15 AM
 EXPIRY DATE:
2016-09-06
	  	 LESSOR:
 XEROX CANADA LTD

 
 LESSEE:

UNISOURCE CANADA INC.
	  	RIGHTS UNDER A LEASE
2012-08-05
				
	20.	 	 12-0864708-0007 2012-10-19

02:58 PM
 EXPIRY DATE:
2022-01-23
	  	 LESSOR:
 PENSKE TRUCK LEASING CANADA INC

LOCATIONS DE CAMIONS PENSKE CANADA INC.
  

LESSEE:
 UNISOURCE CANADA INC
	  	RIGHTS UNDER A LEASE
NO DATE
				
	21.	 	 13-0162025-0010 2013-03-05

11:24 AM
 EXPIRY DATE:
2017-03-04
	  	 LESSOR:
 XEROX CANADA LTD

LESSEE:
 UNISOURCE CANADA INC.
	  	RIGHTS UNDER A LEASE
2013-02-27

							
	 REF
NO
	 	 REGISTRATION NO./
REGISTRATION DATE
(Y-M-D) &
TIME
	  	 PARTIES
	  	 NATURE OF REGISTRATION/
AMOUNT - CDN
$/
AGREEMENT DATE
(Y-M-D)/
FORM

	22.	 	 13-0285706-0005 2013-04-15

09:00 AM
 EXPIRY DATE:
2015-04-01
	  	 LESSOR:
 RYDER TRUCK RENTAL CANADA LTD

 
 LESSEE:

UNISOURCE CANADA INC.
	  	RIGHTS UNDER A LEASE
NO DATE
				
	23.	 	 13-0874667-0001 2013-10-02

10:24 AM
 EXPIRY DATE:
2019-10-01
	  	 LESSOR (CRÉDIT-PRENEUR):
 G.N. JONSTON
EQUIPMENT CO. LTD.
  
 LESSEE (CRÉDIT-PRENEUR):

UNISOURCE CANADA INC.
	  	RIGHTS OF OWNERSHIP OF THE LESSOR IN A LEASING CONTRACT
2013-10-02
				
	24.	 	 13-1119483-0003 2013-12-18

01:05 PM
 EXPIRY DATE:
2017-12-17
	  	 LESSOR:
 XEROX CANADA LTD

 
 LESSEE:

UNISOURCE CANADA INC.
	  	RIGHTS UNDER A LEASE
2013-12-11
				
	25.	 	 13-1120222-0001 2013-12-19

09:00 AM
 EXPIRY DATE:
2017-12-17
	  	 LESSOR:
 DOCUMENT DIRECTION LIMITED
PARTNERSHIP
  
 LESSEE:

UNISOURCE CANADA INC.
	  	RIGHTS UNDER A LEASE
2013-12-17
				
	26.	 	 14-0053112-0010 2014-01-23

12:08 AM
 EXPIRY DATE:
2022-01-23
	  	 LESSOR:
 PENSKE TRUCK LEASING CANADA INC

LOCATIONS DE CAMIONS PENSKE CANADA INC.
  

LESSEE:
 UNISOURCE CANADA INC
	  	RIGHTS UNDER A LEASE
NO DATE
				
	27.	 	 14-0291356-0006 2014-04-09

02:55 PM
 EXPIRY DATE:
2015-04-08
	  	 LESSOR:
 RYDER TRUCK RENTAL CANADA LTD

 
 LESSEE:

UNISOURCE CANADA, INC.
	  	RIGHTS UNDER A LEASE
NO DATE

 vii) New Brunswick 

(A) REGISTRATION DETAILS FOR REGISTRATION NUMBER: 17230384 

PROVINCE OR TERRITORY: NEW BRUNSWICK 
  

							
	TYPE	  	NUMBER	  	DATE/TIME	  	EXPIRY DATE
	 ORIGINAL
	  	17230384	  	2009-03-06 09:57	  	2017-03-06

 DEBTORS 
 UNISOURCE CANADA
INC 
 50 EAST WILMOT STREET 
 RICHMOND HILL ON L4B3Z3 

UNISOURCE CANADA INC 
 560 HENSALL CIRCLE 

MISSISSAUGA ON L5A1Y1 
 SECURED PARTIES 

PENSKE TRUCK LEASING CANADA INC 
 RT 10 GREEN HILLS, PO BOX 791

 READING PA 19603 
 LOCATIONS DE CAMIONS PENSKE CANADA INC

 RT 10 GREEN HILLS, PO BOX 791 
 READING PA 19603 

 (B) REGISTRATION DETAILS FOR REGISTRATION NUMBER: 17528456 

PROVINCE OR TERRITORY: NEW BRUNSWICK 
  

							
	TYPE	  	NUMBER	  	DATE/TIME	  	EXPIRY DATE
	 ORIGINAL
	  	17528456	  	2009-05-27 11:15	  	2017-05-27

 DEBTORS 
 UNISOURCE CANADA
INC 
 50 EAST WILMOT STREET 
 RICHMOND HILL ON L4B3Z3 

UNISOURCE CANADA INC 
 560 HENSALL CIRCLE 

MISSISSAUGA ON L5A1Y1 
 SECURED PARTIES 

PENSKE TRUCK LEASING CANADA INC 
 RT 10 GREEN HILLS, PO BOX 791

 READING PA 19603 
 LOCATIONS DE CAMIONS PENSKE CANADA INC

 RT 10 GREEN HILLS, PO BOX 791 
 READING PA 19603 

(C) REGISTRATION DETAILS FOR REGISTRATION NUMBER: 19725324 

PROVINCE OR TERRITORY: NEW BRUNSWICK 
  

							
	TYPE	  	NUMBER	  	DATE/TIME	  	EXPIRY DATE
	 ORIGINAL
	  	19725324	  	2011-02-02 14:47	  	2015-02-02

 DEBTORS 
 UNISOURCE CANADA
INC. 
 675 ST. GEORGE BLVD. 
 MONCTON NB E1E 2C2 

SECURED PARTIES 
 G. N. JOHNSTON EQUIPMENT CO. LTD. 

5990 AVEBURY ROAD 
 MISSISSAUGA ON L5R 3R2 

(D) REGISTRATION DETAILS FOR REGISTRATION NUMBER: 19814854 

PROVINCE OR TERRITORY: NEW BRUNSWICK 
  

							
	TYPE	  	NUMBER	  	DATE/TIME	  	EXPIRY DATE
	 ORIGINAL
	  	19814854	  	2011-03-04 13:16	  	2018-03-04

 DEBTORS 
 UNISOURCE
CANADA, INC. 
 50 EAST WILMOT STREET 
 RICHMOND HILL ON L4B 3Z3

 SECURED PARTIES 
 BANK OF AMERICA, N.A., AS
ADMINISTRATIVE AGENT 
 335 MADISON AVENUE 
 NEW YORK NY 10017

 (E) REGISTRATION DETAILS FOR REGISTRATION NUMBER: 21213244 

PROVINCE OR TERRITORY: NEW BRUNSWICK 
  

							
	TYPE	  	NUMBER	  	DATE/TIME	  	EXPIRY DATE
	 ORIGINAL
	  	21213244	  	2012-03-12 17:09	  	2021-03-12

 DEBTORS 
 UNISOURCE CANADA
INC 
 560 HENSALL CIRCLE 
 MISSISSAUGA ON L5A1Y1 

SECURED PARTIES 
 PENSKE TRUCK LEASING CANADA INC 

RT 10 GREEN HILLS, PO BOX 791 
 READING PA 19603 

LOCATIONS DE CAMIONS PENSKE CANADA INC 
 RT 10 GREEN HILLS, PO
BOX 791 
 READING PA 19603 

 (F) REGISTRATION DETAILS FOR REGISTRATION NUMBER: 22118871 

PROVINCE OR TERRITORY: NEW BRUNSWICK 
  

							
	TYPE	  	NUMBER	  	DATE/TIME	  	EXPIRY DATE
	 ORIGINAL
	  	22118871	  	2012-10-19 15:17	  	2020-10-19

 DEBTORS 
 UNISOURCE CANADA
INC 
 560 HENSALL CIRCLE 
 MISSISSAUGA ON L5A1Y1 

SECURED PARTIES 
 PENSKE TRUCK LEASING CANADA INC 

RT 10 GREEN HILLS, PO BOX 791 
 READING PA 19603 

LOCATIONS DE CAMIONS PENSKE CANADA INC 
 RT 10 GREEN HILLS, PO
BOX 791 
 READING PA 19603 
 (G) REGISTRATION DETAILS FOR
REGISTRATION NUMBER: 23961295 
 PROVINCE OR TERRITORY: NEW BRUNSWICK 
  

							
	TYPE	  	NUMBER	  	DATE/TIME	  	EXPIRY DATE
	 ORIGINAL
	  	23961295	  	2014-01-23 12:29	  	2022-01-23

 DEBTORS 
 UNISOURCE CANADA
INC 
 560 HENSALL CIRCLE 
 MISSISSAUGA ON L5A1Y1 

SECURED PARTIES 
 PENSKE TRUCK LEASING CANADA INC 

RT 10 GREEN HILLS, PO BOX 791 
 READING PA 19603 

LOCATIONS DE CAMIONS PENSKE CANADA INC 
 RT 10 GREEN HILLS, PO
BOX 791 
 READING PA 19603 
 (H) REGISTRATION DETAILS FOR
REGISTRATION NUMBER: 22768428 
 PROVINCE OR TERRITORY: NEW BRUNSWICK 
  

							
	TYPE	  	NUMBER	  	DATE/TIME	  	EXPIRY DATE
	 ORIGINAL
	  	22768428	  	2013-03-27 10:20	  	2019-03-27

 DEBTORS 
 UNISOURCE CANADA
INC. 
 675 ST. GEORGE STREET 
 MONCTON NB E1E 2C2 

SECURED PARTIES 
 G. N. JOHNSTON EQUIPMENT CO. LTD. 

5990 AVEBURY ROAD 
 MISSISSAUGA ON L5R 3R2 

(I) REGISTRATION DETAILS FOR REGISTRATION NUMBER: 23867880 

PROVINCE OR TERRITORY: NEW BRUNSWICK 
  

							
	TYPE	  	NUMBER	  	DATE/TIME	  	EXPIRY DATE
	 ORIGINAL
	  	23867880	  	2013-12-18 19:41	  	2017-12-18

 DEBTORS 
 UNISOURCE CANADA
INC. 
 675 ST GEORGE BLVD 
 MONCTON NB E1E 2C2 

SECURED PARTIES 
 DOCUMENT DIRECTION LIMITED PARTNERSHIP

 3450 SUPERIOR COURT, UNIT 1 
 OAKVILLE ON L6L 0C4 

 viii) Nova Scotia 

(A) REGISTRATION DETAILS FOR REGISTRATION NUMBER: 14997688 

PROVINCE OR TERRITORY: NOVA SCOTIA 
  

							
	TYPE	  	NUMBER	  	DATE/TIME	  	EXPIRY DATE
	 ORIGINAL
	  	14997688	  	2009-03-06 10:20	  	2017-03-06

 DEBTORS 
 UNISOURCE CANADA
INC 
 50 EAST WILMOT STREET 
 RICHMOND HILL ON L4B3Z3 

UNISOURCE CANADA INC 
 560 HENSALL CIRCLE 

MISSISSAUGA ON L5A1Y1 
 SECURED PARTIES 

PENSKE TRUCK LEASING CANADA INC 
 RT 10 GREEN HILLS, PO BOX 791

 READING PA 19603 
 LOCATIONS DE CAMIONS PENSKE CANADA INC

 RT 10 GREEN HILLS, PO BOX 791 
 READING PA 19603 

(B) REGISTRATION DETAILS FOR REGISTRATION NUMBER: 15310485 

PROVINCE OR TERRITORY: NOVA SCOTIA 
  

							
	TYPE	  	NUMBER	  	DATE/TIME	  	EXPIRY DATE
	 ORIGINAL
	  	15310485	  	2009-05-27 11:19	  	2017-05-27

 DEBTORS 
 UNISOURCE CANADA
INC 
 50 EAST WILMOT STREET 
 RICHMOND HILL ON L4B3Z3 

UNISOURCE CANADA INC 
 560 HENSALL CIRCLE 

MISSISSAUGA ON L5A1Y1 
 SECURED PARTIES 

PENSKE TRUCK LEASING CANADA INC 
 RT 10 GREEN HILLS, PO BOX 791

 READING PA 19603 
 LOCATIONS DE CAMIONS PENSKE CANADA INC

 RT 10 GREEN HILLS, PO BOX 791 
 READING PA 19603 

(C) REGISTRATION DETAILS FOR REGISTRATION NUMBER: 17766437 

PROVINCE OR TERRITORY: NOVA SCOTIA 
  

							
	TYPE	  	NUMBER	  	DATE/TIME	  	EXPIRY DATE
	 ORIGINAL
	  	17766437	  	2011-03-04 13:18	  	2018-03-04

 DEBTORS 
 UNISOURCE
CANADA, INC. 
 50 EAST WILMOT STREET 
 RICHMOND HILL ON L4B 3Z3

 SECURED PARTIES 
 BANK OF AMERICA, N.A., AS
ADMINISTRATIVE AGENT 
 335 MADISON AVENUE 
 NEW YORK NY 10017

 (D) REGISTRATION DETAILS FOR REGISTRATION NUMBER: 12311478 

PROVINCE OR TERRITORY: NOVA SCOTIA 
  

							
	TYPE	  	NUMBER	  	DATE/TIME	  	EXPIRY DATE
	 ORIGINAL
	  	12311478	  	2007-04-18 18:21	  	2013-04-18

 DEBTORS 

UNISOURCE CANADA INC. 
 110 SIMMONDS DRIVE 

DARTMOUTH NS B3B 1N9 
 SECURED PARTIES 

RYDER TRUCK RENTAL CANADA LTD. 
 4255 WESTON ROAD 

NORTH YORK ON M9L 1W8 
 (E) REGISTRATION DETAILS FOR
REGISTRATION NUMBER: 18354787 
 PROVINCE OR TERRITORY: NOVA SCOTIA 
  

							
	TYPE	  	NUMBER	  	DATE/TIME	  	EXPIRY DATE
	 ORIGINAL
	  	18354787	  	2011-07-21 13:15	  	2015-07-21

 DEBTORS 
 UNISOURCE CANADA
INC 
 110 SIMMONS DR 
 DARTMOUTH NS B3B1N9 

UNISOURCE CANADA INC 
 160 OMANDS CREEK BOULEVARD 

WINNIPEG MB R2R1V7 
 UNISOURCE CANADA INC 

1425 DERWENT ST. 
 DELTA BC V3M6N3 

UNISOURCE CANADA INC 
 50 EAST WILMOT ST. 

RICHMOND HILL ON L4B3Z3 
 SECURED PARTIES 

XEROX CANADA LTD 
 33 BLOOR ST. E. 3RD FLOOR 

TORONTO ON M4W3H1 
 (F) REGISTRATION DETAILS FOR REGISTRATION
NUMBER: 19264654 
 PROVINCE OR TERRITORY: NOVA SCOTIA 
  

							
	TYPE	  	NUMBER	  	DATE/TIME	  	EXPIRY DATE
	 ORIGINAL
	  	19264654	  	2012-03-12 17:13	  	2021-03-12

 DEBTORS 
 UNISOURCE CANADA
INC 
 560 HENSALL CIRCLE 
 MISSISSAUGA ON L5A1Y1 

SECURED PARTIES 
 PENSKE TRUCK LEASING CANADA INC 

RT 10 GREEN HILLS, PO BOX 791 
 READING PA 19603 

LOCATIONS DE CAMIONS PENSKE CANADA INC 
 RT 10 GREEN HILLS, PO
BOX 791 
 READING PA 19603 
 (G) REGISTRATION DETAILS FOR
REGISTRATION NUMBER: 20223004 
 PROVINCE OR TERRITORY: NOVA SCOTIA 
  

							
	TYPE	 	NUMBER	  	DATE/TIME	  	EXPIRY DATE
	 ORIGINAL
	 	 20223004
	  	2012-10-19 17:11	  	2020-10-19

 DEBTORS 
 UNISOURCE CANADA
INC 
 560 HENSALL CIRCLE 
 MISSISSAUGA ON L5A1Y1 

SECURED PARTIES 
 PENSKE TRUCK LEASING CANADA INC 

RT 10 GREEN HILLS, PO BOX 791 
 READING PA 19603 

 LOCATIONS DE CAMIONS PENSKE CANADA INC 

RT 10 GREEN HILLS, PO BOX 791 
 READING PA 19603 

(H) REGISTRATION DETAILS FOR REGISTRATION NUMBER: 22171268 

PROVINCE OR TERRITORY: NOVA SCOTIA 
  

							
	TYPE	  	NUMBER	  	DATE/TIME	  	EXPIRY DATE
	 ORIGINAL
	  	22171268	  	2013-12-17 18:10	  	2017-12-17

 DEBTORS 
 UNISOURCE CANADA
INC. 
 110 SIMMONS DR 
 DARTMOUTH NS B3B1N9 

UNISOURCE CANADA INC 
 1475 COURTNEY PK, SUITE D 

MISSISSAUGA ON L5T2R1 
 UNISOURCE CANADA INC. 

1425 DERWENT WAY 
 DELTA BC V3M6N3 

SECURED PARTIES 
 XEROX CANADA LTD 

33 BLOOR ST. E. 3RD FLOOR 
 TORONTO ON M4W3H1 

(I) REGISTRATION DETAILS FOR REGISTRATION NUMBER: 22281521 

PROVINCE OR TERRITORY: NOVA SCOTIA 
  

							
	TYPE	  	NUMBER	  	DATE/TIME	  	EXPIRY DATE
	 ORIGINAL
	  	22281521	  	2014-01-23 13:13	  	2022-01-23

 DEBTORS 
 UNISOURCE CANADA
INC 
 560 HENSALL CIRCLE 
 MISSISSAUGA ON L5A1Y1 

SECURED PARTIES 
 PENSKE TRUCK LEASING CANADA INC 

RT 10 GREEN HILLS, PO BOX 791 
 READING PA 19603 

LOCATIONS DE CAMIONS PENSKE CANADA INC 
 RT 10 GREEN HILLS, PO BOX
791 
 READING PA 19603 
 ix) Newfoundland and Labrador

 (A) REGISTRATION DETAILS FOR REGISTRATION NUMBER: 7194458 

PROVINCE OR TERRITORY: NEWFOUNDLAND AND LABRADOR 
  

							
	TYPE	  	NUMBER	  	DATE/TIME	  	EXPIRY DATE
	 ORIGINAL
	  	7194458	  	2009-03-06 10:07	  	2017-03-06

 DEBTORS 
 UNISOURCE CANADA
INC 
 50 EAST WILMOT STREET 
 RICHMOND HILL ON L4B3Z3 

UNISOURCE CANADA INC 
 560 HENSALL CIRCLE 

MISSISSAUGA ON L5A1Y1 
 SECURED PARTIES 

PENSKE TRUCK LEASING CANADA INC 
 RT 10 GREEN HILLS, PO BOX 791

 READING PA 19603 

 LOCATIONS DE CAMIONS PENSKE CANADA INC 

RT 10 GREEN HILLS, PO BOX 791 
 READING PA 19603 

(B) REGISTRATION DETAILS FOR REGISTRATION NUMBER: 7378615 

PROVINCE OR TERRITORY: NEWFOUNDLAND AND LABRADOR 
  

							
	TYPE	  	NUMBER	  	DATE/TIME	  	EXPIRY DATE
	 ORIGINAL
	  	7378615	  	2009-05-27 11:17	  	2017-05-27

 DEBTORS 
 UNISOURCE CANADA
INC 
 50 EAST WILMOT STREET 
 RICHMOND HILL ON L4B3Z3 

UNISOURCE CANADA INC 
 560 HENSALL CIRCLE 

MISSISSAUGA ON L5A1Y1 
 SECURED PARTIES 

PENSKE TRUCK LEASING CANADA INC 
 RT 10 GREEN HILLS, PO BOX 791

 READING PA 19603 
 LOCATIONS DE CAMIONS PENSKE CANADA INC

 RT 10 GREEN HILLS, PO BOX 791 
 READING PA 19603 

(C) REGISTRATION DETAILS FOR REGISTRATION NUMBER: 8881445 

PROVINCE OR TERRITORY: NEWFOUNDLAND AND LABRADOR 
  

							
	TYPE	  	NUMBER	  	DATE/TIME	  	EXPIRY DATE
	 ORIGINAL
	  	8881445	  	2011-03-04 13:18	  	2018-03-04

 DEBTORS 
 UNISOURCE
CANADA, INC. 
 50 EAST WILMOT STREET 
 RICHMOND HILL ON L4B 3Z3

 SECURED PARTIES 
 BANK OF AMERICA, N.A., AS
ADMINISTRATIVE AGENT 
 335 MADISON AVENUE 
 NEW YORK NY 10017

 (D) REGISTRATION DETAILS FOR REGISTRATION NUMBER: 9802332 

PROVINCE OR TERRITORY: NEWFOUNDLAND AND LABRADOR 
  

							
	TYPE	  	NUMBER	  	DATE/TIME	  	EXPIRY DATE
	 ORIGINAL
	  	9802332	  	2012-03-12 17:11	  	2021-03-12

 DEBTORS 
 UNISOURCE CANADA
INC 
 560 HENSALL CIRCLE 
 MISSISSAUGA ON L5A1Y1 

SECURED PARTIES 
 PENSKE TRUCK LEASING CANADA INC 

RT 10 GREEN HILLS, PO BOX 791 
 READING PA 19603 

LOCATIONS DE CAMIONS PENSKE CANADA INC 
 RT 10 GREEN HILLS, PO
BOX 791 
 READING PA 19603 
 (E) REGISTRATION DETAILS FOR
REGISTRATION NUMBER: 10428431 
 PROVINCE OR TERRITORY: NEWFOUNDLAND AND LABRADOR 

 

							
	TYPE	  	NUMBER	  	DATE/TIME	  	EXPIRY DATE
	 ORIGINAL
	  	10428431	  	2012-10-19 16:59	  	2020-10-19

 DEBTORS 
 UNISOURCE CANADA
INC 
 560 HENSALL CIRCLE 
 MISSISSAUGA ON L5A1Y1 

 SECURED PARTIES 

PENSKE TRUCK LEASING CANADA INC 
 RT 10 GREEN HILLS, PO BOX 791

 READING PA 19603 
 LOCATIONS DE CAMIONS PENSKE CANADA INC

 RT 10 GREEN HILLS, PO BOX 791 
 READING PA 19603 

(F) REGISTRATION DETAILS FOR REGISTRATION NUMBER: 11662954 

PROVINCE OR TERRITORY: NEWFOUNDLAND AND LABRADOR 
  

							
	TYPE	  	NUMBER	  	DATE/TIME	  	EXPIRY DATE
	 ORIGINAL
	  	11662954	  	2014-01-23 12:43	  	2022-01-23

 DEBTORS 
 UNISOURCE CANADA
INC 
 560 HENSALL CIRCLE 
 MISSISSAUGA ON L5A1Y1 

SECURED PARTIES 
 PENSKE TRUCK LEASING CANADA INC 

RT 10 GREEN HILLS, PO BOX 791 
 READING PA 19603 

LOCATIONS DE CAMIONS PENSKE CANADA INC 
 RT 10 GREEN HILLS, PO
BOX 791 
 READING PA 19603 
 x) Prince Edward Island

 (A) REGISTRATION DETAILS FOR REGISTRATION NUMBER: 2206080 

PROVINCE OR TERRITORY: PRINCE EDWARD ISLAND 
  

							
	TYPE	  	NUMBER	  	DATE/TIME	  	EXPIRY DATE
	 ORIGINAL
	  	2206080	  	2009-03-06 10:35	  	2017-03-06

 DEBTORS 
 UNISOURCE CANADA
INC 
 50 EAST WILMOT STREET 
 RICHMOND HILL ON L4B3Z3 

UNISOURCE CANADA INC 
 560 HENSALL CIRCLE 

MISSISSAUGA ON L5A1Y1 
 SECURED PARTIES 

PENSKE TRUCK LEASING CANADA INC 
 RT 10 GREEN HILLS, PO BOX 791

 READING PA 19603 
 LOCATIONS DE CAMIONS PENSKE CANADA INC

 RT 10 GREEN HILLS, PO BOX 791 
 READING PA 19603 

(B) REGISTRATION DETAILS FOR REGISTRATION NUMBER: 2256258 

PROVINCE OR TERRITORY: PRINCE EDWARD ISLAND 
  

							
	TYPE	  	NUMBER	  	DATE/TIME	  	EXPIRY DATE
	 ORIGINAL
	  	2256258	  	2009-05-27 11:21	  	2017-05-27

 DEBTORS 
 UNISOURCE CANADA
INC 
 50 EAST WILMOT STREET 
 RICHMOND HILL ON L4B3Z3 

UNISOURCE CANADA INC 
 560 HENSALL CIRCLE 

MISSISSAUGA ON L5A1Y1 

 SECURED PARTIES 

PENSKE TRUCK LEASING CANADA INC 
 RT 10 GREEN HILLS, PO BOX 791

 READING PA 19603 
 LOCATIONS DE CAMIONS PENSKE CANADA INC

 RT 10 GREEN HILLS, PO BOX 791 
 READING PA 19603 

(C) REGISTRATION DETAILS FOR REGISTRATION NUMBER:. 2630077 

PROVINCE OR TERRITORY: PRINCE EDWARD ISLAND 
  

							
	TYPE	  	NUMBER	  	DATE/TIME	  	EXPIRY DATE
	 ORIGINAL
	  	2630077	  	2011-03-04 13:19	  	2018-03-04

 DEBTORS 
 UNISOURCE
CANADA, INC. 
 50 EAST WILMOT STREET 
 RICHMOND HILL ON L4B 3Z3

 SECURED PARTIES 
 BANK OF AMERICA, N.A., AS
ADMINISTRATIVE AGENT 
 335 MADISON AVENUE 
 NEW YORK NY 10017

 (D) REGISTRATION DETAILS FOR REGISTRATION NUMBER: 2860292 

PROVINCE OR TERRITORY: PRINCE EDWARD ISLAND 
  

							
	TYPE	  	NUMBER	  	DATE/TIME	  	EXPIRY DATE
	 ORIGINAL
	  	2860292	  	2012-03-12 15:36	  	2021-03-12

 DEBTORS 
 UNISOURCE CANADA
INC 
 560 HENSALL CIRCLE 
 MISSISSAUGA ON L5A1Y1 

SECURED PARTIES 
 PENSKE TRUCK LEASING CANADA INC 

RT 10 GREEN HILLS, PO BOX 791 
 READING PA 19603 

LOCATIONS DE CAMIONS PENSKE CANADA INC 
 RT 10 GREEN HILLS, PO
BOX 791 
 READING PA 19603 
 (E) REGISTRATION DETAILS FOR
REGISTRATION NUMBER: 3023294 
 PROVINCE OR TERRITORY: PRINCE EDWARD ISLAND 

 

							
	TYPE	  	NUMBER	  	DATE/TIME	  	EXPIRY DATE
	 ORIGINAL
	  	3023294	  	2012-10-19 17:14	  	2020-10-19

 DEBTORS 
 UNISOURCE CANADA
INC 
 560 HENSALL CIRCLE 
 MISSISSAUGA ON L5A1Y1 

SECURED PARTIES 
 PENSKE TRUCK LEASING CANADA INC 

RT 10 GREEN HILLS, PO BOX 791 
 READING PA 19603 

LOCATIONS DE CAMIONS PENSKE CANADA INC 
 RT 10 GREEN HILLS, PO
BOX 791 
 READING PA 19603 
 (F) REGISTRATION DETAILS FOR
REGISTRATION NUMBER: 3347818 
 PROVINCE OR TERRITORY: PRINCE EDWARD ISLAND 

 

							
	TYPE	  	NUMBER	  	DATE/TIME	  	EXPIRY DATE
	 ORIGINAL
	  	3347818	  	2014-01-23 13:34	  	2022-01-23

 DEBTORS 

UNISOURCE CANADA INC 
 560 HENSALL CIRCLE 

MISSISSAUGA ON L5A1Y1 
 SECURED PARTIES 

PENSKE TRUCK LEASING CANADA INC 
 RT 10 GREEN HILLS, PO BOX 791

 READING PA 19603 
 LOCATIONS DE CAMIONS PENSKE CANADA INC

 RT 10 GREEN HILLS, PO BOX 791 
 READING PA 19603 

xi) District of Columbia, USA 
  

													
	 	 	 DEBTOR
	  	 TYPE OF
FILING
	  	 SECURED PARTY
	  	 COLLATERAL TYPE
	  	 FILE

DATE
	  	 FILE #

	1.	 	 UNISOURCE
 CANADA, INC.
	  	UCC 1	  	 BANK OF AMERICA, N.A.
 335 MADISON AVENUE

NEW YORK, NY 10017
	  	ALL CURRENT AND FUTURE ASSETS AND PERSONAL PROPERTY OF THE DEBTOR	  	08/05/2009	  	2009085898
							
	2.	 	 UNISOURCE
 CANADA, INC.
	  	UCC 1	  	 BANK OF AMERICA, N.A.
 335 MADISON AVENUE

NEW YORK, NY 10017
	  	ALL CURRENT AND FUTURE ASSETS AND PERSONAL PROPERTY OF THE DEBTOR	  	03/16/2011	  	2011033257

 2. Closing Date PPSA Filings 
  

									
	 Name of Entity
	  	 Secured Party
	  	 Jurisdiction
	  	 Filing Office
	  	 Document Filed

	 1.      Unisource Canada, Inc.
	  	Bank of America, N.A., as ABL Collateral Agent	  	British Columbia	  	Personal Property Security Register	  	PPSA Financing Statement
	  

2.      Unisource Canada, Inc.
	  	  	Alberta	  	  
	  

3.      Unisource Canada, Inc.
	  	  	Saskatchewan	  	  
	  

4.      Unisource Canada, Inc.
	  	  	Manitoba	  	  
	  

5.      Unisource Canada, Inc.
	  	  	Ontario	  	  
	  

6.      Unisource Canada, Inc.
	  	  	Newfoundland	  	  
	  

7.      Unisource Canada, Inc.
	  	  	Nova Scotia	  	  
	  

8.      Unisource Canada, Inc.
	  	  	New Brunswick	  	  
	  

9.      Unisource Canada, Inc.
	  	  	Prince Edward Island	  	  
	  

10.    Unisource Canada, Inc.
	  	  	  
 Quebec
	  	  
 Register of Personal and Moveable Real Rights
	  	Application for Registration (form RH)

 3. Closing Date IP Filings 
  

	1.	Confirmation of Security Interest in Intellectual Property – Trade-marks filed with the Canadian Intellectual Property Office 

  

	2.	Confirmation of Security Interest in Intellectual Property – Copyrights filed with the Canadian Intellectual Property Office 

 Schedule 4A 

Financing Statement Jurisdictions 
  

									
	 Name of Entity
	  	 Secured Party
	  	 Jurisdiction
	  	 Filing Office
	  	 Document Filed

	 1.      Unisource Canada, Inc.
	  	Bank of America, N.A., as ABL Collateral Agent	  	British Columbia	  	Personal Property Security Register	  	PPSA Financing Statement
	  

2.      Unisource Canada, Inc.
	  	  	Alberta	  	  
	  

3.      Unisource Canada, Inc.
	  	  	Saskatchewan	  	  
	  

4.      Unisource Canada, Inc.
	  	  	Manitoba	  	  
	  

5.      Unisource Canada, Inc.
	  	  	Ontario	  	  
	  

6.      Unisource Canada, Inc.
	  	  	Newfoundland	  	  
	  

7.      Unisource Canada, Inc.
	  	  	Nova Scotia	  	  
	  

8.      Unisource Canada, Inc.
	  	  	New Brunswick	  	  
	  

9.      Unisource Canada, Inc.
	  	  	Prince Edward Island	  	  
	  

10.    Unisource Canada, Inc.
	  	  	Quebec	  	Register of Personal and Moveable Real Rights	  	Application for Registration (form RH)

 Schedule 4B 

Granting Party Information 
  

	1.	Jurisdiction of Organization 

 Canada (Canada Business Corporations Act) 

 

	2.	Location of Chief Executive Office 

 6185 McLaughlin Road 

Mississauga, ON 
 L5R 3W7 

 

	3.	Location of Books and Records 

 6185 McLaughlin Road, Mississauga, ON L5R 3W7 

(location of corporate minute books) 

4300 Hickmore Street, St. Laurent, Quebec H4T 1K2 

(location of financial records) 
  

	4.	Location of Collateral 

 See Numbers 5 and 6 below. 

 

	5.	Location of all other places of business 

  

					
	 Province
	  	 City
	  	 Address

	Nova Scotia	  	Dartmouth	  	110 Simmonds Drive B3B 1N9
			
	Ontario	  	London	  	1505 Sise Road N6A 4E3
			
	Ontario	  	Mississauga	  	560 Hensall Circle L5A 1Y1

  

	6.	Location of leased facilities and name of lessor/sublessor 

  

							
	 Province
	  	 City
	  	 Address
	  	 Lessor/Sublessor

	Alberta	  	Edmonton	  	11704 - 186th St. N.W.	  	Yellowhead Crossing II, LP
				
	Alberta	  	Calgary	  	6040 11th Street N.E.	  	833759 Alberta, Inc.
				
	Newfoundland	  	St. John’s	  	60 Clyde Avenue, Suite 100	  	N.C.H. Holdings Limited
				
	New Brunswick	  	Moncton	  	675 St. George Blvd.	  	2093152 Ontario Inc.
				
	Quebec	  	St. Laurent	  	4300 Hickmore Street	  	Hoopp Realty, Inc.
				
	Quebec	  	Quebec City	  	1750 rue Newton	  	Cominar Real Estate Investment Trust
				
	Ontario	  	Ottawa	  	950 Ages Drive	  	Kayush Investments, Ltd.

							
	 Province
	  	 City
	  	 Address
	  	 Lessor/Sublessor

				
	Saskatchewan	  	Saskatoon	  	858-57 Street East	  	Tim Turple Holdings, Inc
				
	Saskatchewan	  	Regina	  	480 Hoffer Drive	  	101104406 Saskatchewan Ltd.
				
	Ontario	  	Mississauga	  	1475 Courtneypark Drive	  	Orlando Corporation and Orion Properties, Ltd.
				
	Ontario	  	Mississauga	  	6185 McLaughlin Road	  	Orlando Corporation
				
	Ontario	  	Richmond Hill	  	1 West Pearce St, Suite 600	  	Capital Centre Limited
				
	British Columbia	  	Prince George	  	1021 Eastern Street	  	NOORT Investments
				
	British Columbia	  	New Westminster	  	1425 Derwent Way	  	349393 B.C. Ltd. And Dayhu Investments Ltd.
				
	Manitoba	  	Winnipeg	  	160 Omands Creek Blvd.	  	Opus Properties Corp.

 Schedule 5 

Intellectual Property 
 Patents, Copyrights,
Trade-marks and Industrial Designs 
  

	1.	Patents 

 None. 
  

	2.	Trade-marks 

  

																	
	 Trademark
	  	Application Number	 	  	Application
Date
m/dd/yyyy	 	  	Registration
Number	 	  	Registration
Date
m/dd/yyyy	 
	 ://UNISOURCEDESIGN.CA
	  	 	1207098	  	  	 	2/20/2004	  	  	 	TMA648965	  	  	 	9/26/2005	  
	 AGL
	  	 	1130323	  	  	 	2/6/2002	  	  	 	TMA606298	  	  	 	3/26/2004	  
	 ALLSTAR & DESIGN
	  	 	1011507	  	  	 	4/13/1999	  	  	 	TMA535793	  	  	 	10/26/2000	  
	 ALLSTAR & DESIGN
	  	 	0724381	  	  	 	3/11/1993	  	  	 	TMA450506	  	  	 	11/24/1995	  
	 ALLSTAR LIBERATE & DESIGN
	  	 	1242379	  	  	 	12/31/2004	  	  	 	TMA648880	  	  	 	9/23/2005	  
	 BENCHMARK
	  	 	0415688	  	  	 	9/20/1977	  	  	 	TMA237701	  	  	 	11/30/1979	  
	 BENCHMARK
	  	 	0357744	  	  	 	10/12/1972	  	  	 	TMA199535	  	  	 	5/31/1974	  
	 CAMEO DESIGN
	  	 	0389995	  	  	 	9/23/1975	  	  	 	TMA216796	  	  	 	10/22/1976	  
	 CAMEO DESIGN
	  	 	0389994	  	  	 	9/23/1975	  	  	 	TMA216902	  	  	 	10/29/1976	  
	 CIRCLE & DESIGN
	  	 	0357745	  	  	 	10/12/1972	  	  	 	TMA199536	  	  	 	5/31/1974	  
	 COLORSOURCE
	  	 	0726333	  	  	 	4/8/1993	  	  	 	TMA430268	  	  	 	7/8/1994	  
	 COMSOURCE
	  	 	0546311	  	  	 	7/17/1985	  	  	 	TMA329838	  	  	 	7/10/1987	  
	 COPYSOURCE
	  	 	0612053	  	  	 	7/27/1988	  	  	 	TMA355411	  	  	 	5/5/1989	  
	 CUSTOMER SOLUTIONS IN A GLOBAL MARKET
	  	 	1515090	  	  	 	2/14/2011	  	  	 	TMA841212	  	  	 	1/25/2013	  
	 DELIVER THE BEST VALUE EVERY TIME
	  	 	1311023	  	  	 	7/28/2006	  	  	 	TMA702951	  	  	 	12/12/2007	  
	 DOCUSOURCE
	  	 	0779631	  	  	 	4/5/1995	  	  	 	TMA479748	  	  	 	8/7/1997	  
	 ECONOSOURCE
	  	 	0726334	  	  	 	4/8/1993	  	  	 	TMA430269	  	  	 	7/8/1994	  
	 ECOSOURCE DESIGN
	  	 	1347473	  	  	 	5/15/2007	  	  	 	TMA722083	  	  	 	8/26/2008	  
	 ELLIS’ CAMEO WOMEN’S HEAD & DESIGN
	  	 	0114796	  	  	 	7/10/1923	  	  	 	TMDA33942	  	  	 	7/28/1923	  
	 ENVIRO 50
	  	 	0651343	  	  	 	2/20/1990	  	  	 	TMA383981	  	  	 	5/3/1991	  
	 ESCE & DESIGN
	  	 	1044772	  	  	 	2/1/2000	  	  	 	TMA567114	  	  	 	9/10/2002	  
	 EXPERIENCE THE POWER OF THE SOURCE
	  	 	1130322	  	  	 	2/6/2002	  	  	 	TMA606300	  	  	 	3/26/2004	  
	 FORDIS & DESIGN
	  	 	1418516	  	  	 	11/17/2008	  	  	 	TMA760970	  	  	 	3/5/2010	  
	 FORDIS DESIGN
	  	 	1409222	  	  	 	9/2/2008	  	  	 	TMA771478	  	  	 	7/8/2010	  
	 INTER-GRAPH
	  	 	0643428	  	  	 	10/25/1989	  	  	 	TMA386574	  	  	 	7/12/1991	  
	 LIBERATE
	  	 	1236274	  	  	 	11/4/2004	  	  	 	TMA648879	  	  	 	9/23/2005	  
	 LIVRER LA VALEUR OPTIMALE A CHAQUE FOIS
	  	 	1311024	  	  	 	7/28/2006	  	  	 	TMA702950	  	  	 	12/12/2007	  
	 MONDRIAN
	  	 	1199031	  	  	 	12/4/2003	  	  	 	TMA641403	  	  	 	6/6/2005	  
	 MONDRIAN-HALL & DESIGN
	  	 	1462094	  	  	 	12/8/2009	  	  	 	TMA780695	  	  	 	10/26/2010	  
	 MONDRIAN-HALL Logo
	  	 	1492222	  	  	 	8/13/2010	  	  	 	TMA806712	  	  	 	9/14/2011	  
	 ONE COMPANY, ONE SOURCE
	  	 	1152940	  	  	 	9/17/2002	  	  	 	TMA614609	  	  	 	7/12/2004	  
	 ONE NAME. ONE VISION. ONE SOURCE.
	  	 	0748578	  	  	 	3/1/1994	  	  	 	TMA459279	  	  	 	6/14/1996	  
	 ONE SOURCE.MANY SOLUTIONS.
	  	 	0755923	  	  	 	5/27/1994	  	  	 	TMA453067	  	  	 	1/26/1996	  
	 PAPER ONLY
	  	 	1336234	  	  	 	2/20/2007	  	  	 	TMA721046	  	  	 	8/15/2008	  
	 PAPER ONLY LOGO
	  	 	1349481	  	  	 	5/30/2007	  	  	 	TMA721003	  	  	 	8/15/2008	  
	 PAPER PLUS
	  	 	0492991	  	  	 	10/5/1982	  	  	 	TMA302305	  	  	 	4/26/1985	  
	 PAPERONLY.CA
	  	 	1336910	  	  	 	2/26/2007	  	  	 	TMA721032	  	  	 	8/15/2008	  

																	
	 Trademark
	  	Application Number	 	  	Application
Date
m/dd/yyyy	 	  	Registration
Number	 	  	Registration
Date
m/dd/yyyy	 
	 PAPERONLY.CA LOGO
	  	 	1360802	  	  	 	8/23/2007	  	  	 	TMA717059	  	  	 	6/20/2008	  
	 PAPIER PLUS
	  	 	0538923	  	  	 	3/26/1985	  	  	 	TMA323390	  	  	 	2/6/1987	  
	 PAPIER SEULEMENT
	  	 	1349313	  	  	 	5/29/2007	  	  	 	TMA766287	  	  	 	5/11/2010	  
	 PAPIER SEULEMENT LOGO
	  	 	1349483	  	  	 	5/30/2007	  	  	 	TMA766288	  	  	 	5/11/2010	  
	 PARTY PACK
	  	 	1012105	  	  	 	4/7/1999	  	  	 	TMA580338	  	  	 	4/30/2003	  
	 PRICE DAXION
	  	 	0564138	  	  	 	6/9/1986	  	  	 	TMA333508	  	  	 	10/30/1987	  
	 PUR PERFORMANCE & DESIGN
	  	 	1289407	  	  	 	2/10/2006	  	  	 	TMA818590	  	  	 	2/28/2012	  
	 PUR VALUE & DESIGN
	  	 	1349158	  	  	 	5/28/2007	  	  	 	TMA721002	  	  	 	8/15/2008	  
	 PUR VALUE & DESIGN
	  	 	1349158, 01	  	  	 	12/7/2012	  	  	 	Formalized	  	  	 	12/17/2012	  
	 PUR VALUE & DESIGN
	  	 	1298559	  	  	 	4/21/2006	  	  	 	TMA799568	  	  	 	6/8/2011	  
	 PUR VALUE & DESIGN
	  	 	1259864	  	  	 	6/2/2005	  	  	 	TMA721319	  	  	 	8/19/2008	  
	 SAN REMO GLOSS
	  	 	0720031	  	  	 	1/6/1993	  	  	 	TMA424802	  	  	 	3/4/1994	  
	 SAN REMO MATTE
	  	 	0720032	  	  	 	1/6/1993	  	  	 	TMA424803	  	  	 	3/4/1994	  
	 SAN REMO PLUS
	  	 	1069712	  	  	 	8/3/2000	  	  	 	TMA563393	  	  	 	6/13/2002	  
	 SAVE-A-TREE
	  	 	0642436	  	  	 	10/11/1989	  	  	 	TMA382657	  	  	 	4/5/1991	  
	 SAVE-A-TREE & DESIGN
	  	 	1186553	  	  	 	8/7/2003	  	  	 	TMA648939	  	  	 	9/26/2005	  
	 SAVE-A-TREE & DESIGN
	  	 	0643599	  	  	 	10/30/1989	  	  	 	TMA385138	  	  	 	5/31/1991	  
	 SAVE-A-TREE/DU PAPIER A L-INFINI. & DESIGN
	  	 	1267668	  	  	 	8/8/2005	  	  	 	TMA684555	  	  	 	3/23/2007	  
	 SAVE-A-TREE/PAPER GOES A LONG WAY. & DESIGN
	  	 	1255270	  	  	 	4/25/2005	  	  	 	TMA684747	  	  	 	3/27/2007	  
	 SELECT SOURCE
	  	 	0819149	  	  	 	7/29/1996	  	  	 	TMA498660	  	  	 	8/14/1998	  
	 SIGNET
	  	 	0741378	  	  	 	11/16/1993	  	  	 	TMA484999	  	  	 	10/30/1997	  
	 SMITH PAPER
	  	 	0762254	  	  	 	8/22/1994	  	  	 	TMA515634	  	  	 	8/27/1999	  
	 SOLUTIONS
	  	 	1298561	  	  	 	4/21/2006	  	  	 	TMA686887	  	  	 	5/4/2007	  
	 SPHINX & DESIGN
	  	 	0724597	  	  	 	3/15/1993	  	  	 	TMA464633	  	  	 	10/25/1996	  
	 STARBRITE
	  	 	0246327	  	  	 	7/3/1958	  	  	 	TMA112542	  	  	 	12/12/1958	  
	 STARBRITE & DESIGN
	  	 	1186557	  	  	 	8/7/2003	  	  	 	TMA650704	  	  	 	10/18/2005	  
	 U & DESIGN
	  	 	1280255	  	  	 	11/21/2005	  	  	 	TMA684554	  	  	 	3/23/2007	  
	 U & DESIGN
	  	 	0728077	  	  	 	5/3/1993	  	  	 	TMA443903	  	  	 	6/16/1995	  
	 U’s & DESIGN
	  	 	0718499	  	  	 	12/10/1992	  	  	 	TMA444908	  	  	 	7/7/1995	  
	 UNISOURCE & DESIGN
	  	 	0718488	  	  	 	12/10/1992	  	  	 	TMA448518	  	  	 	10/6/1995	  
	 U UNISOURCE & DESIGN
	  	 	1280375	  	  	 	11/18/2005	  	  	 	TMA678628	  	  	 	12/20/2006	  
	 UNISOURCE CANADA & DESIGN
	  	 	1224295	  	  	 	7/21/2004	  	  	 	TMA693844	  	  	 	8/10/2007	  
	 U UNISOURCE CANADA & DESIGN
	  	 	1185844	  	  	 	7/28/2003	  	  	 	TMA646006	  	  	 	8/18/2005	  
	 U UNISOURCE FINANCE & DESIGN
	  	 	1226741	  	  	 	8/11/2004	  	  	 	TMA644937	  	  	 	7/26/2005	  
	 UBUY & DESIGN
	  	 	1418681	  	  	 	11/18/2008	  	  	 	TMA816165	  	  	 	1/25/2012	  
	 UNE COMPAGNIE, UNE SOURCE
	  	 	1280257	  	  	 	11/21/2005	  	  	 	TMA677843	  	  	 	11/29/2006	  
	 UNE SOURCE. PLUSIEURS SOLUTIONS.
	  	 	0887965	  	  	 	8/14/1998	  	  	 	TMA522498	  	  	 	1/28/2000	  
	 UNICOVER
	  	 	0734356	  	  	 	8/3/1993	  	  	 	TMA436350	  	  	 	11/25/1994	  
	 UNISOURCE
	  	 	0728076	  	  	 	5/3/1993	  	  	 	TMA443902	  	  	 	6/16/1995	  
	 UNISOURCE
	  	 	0712752	  	  	 	9/11/1992	  	  	 	TMA444899	  	  	 	7/7/1995	  
	 UNISOURCE FINANCE
	  	 	0835618	  	  	 	2/5/1997	  	  	 	TMA561129	  	  	 	5/1/2002	  
	 UNISOURCE WIDE FORMAT DOCUJET & DESIGN
	  	 	1010760	  	  	 	4/1/1999	  	  	 	TMA571644	  	  	 	12/4/2002	  
	 UNISOURCEDESIGN
	  	 	1207097	  	  	 	2/20/2004	  	  	 	TMA683995	  	  	 	3/19/2007	  
	 STARBRITE + & DESIGN
	  	 	1553849	  	  	 	11/25/2011	  	  	 	TMA856779	  	  	 	8/01/2013	  
	 STARBRITE PLUS AND DESIGN
	  	 	1553847	  	  	 	25/11/2011	  	  	 	TMA 856778	  	  	 	8/01/2013	  
	 DES SOLUTIONS POUR LES CLIENTS DANS UN MARCHÉ MONDIAL
	  	 	1563330	  	  	 	2/9/2012	  	  	 	TMA854792	  	  	 	7/9/2013	  
	 DEFIANCE
	  	 	1595202	  	  	 	9/21/2012	  	  	 	TMA862609	  	  	 	10/15/2013	  
	 BRAND EFFICIENCY
	  	 	1622018	  	  	 	4/10/2013	  	  	 	Advertised	  	  	 	2/12/2014	  
	 RESPECT
	  	 	1616221	  	  	 	2/28/2013	  	  	 	Formalized	  	  	 	3/5/2013	  
	 SELECTSOURCE LOGO
	  	 	1567480	  	  	 	3/7/2012	  	  	 	TMA859763	  	  	 	9/10/2013	  
	 COMET HI-BRITE & DESIGN
	  	 	1517423	  	  	 	3/2/2011	  	  	 	TMA859757	  	  	 	9/10/2013	  

																	
	 Trademark
	  	Application Number	 	  	Application
Date
m/dd/yyyy	 	  	Registration
Number	 	  	Registration
Date
m/dd/yyyy	 
	 R RESPECT & DESIGN
	  	 	1616222	  	  	 	2/28/2013	  	  	 	Formalized	  	  	 	3/5/2013	  
	 UDIGITAL
	  	 	1651535	  	  	 	11/12/2013	  	  	 	Formalized	  	  	 	11/14/2013	  
	 STEALTH
	  	 	1616217	  	  	 	2/28/2013	  	  	 	Formalized	  	  	 	3/5/2013	  
	 AVENGER
	  	 	1616220	  	  	 	2/28/2013	  	  	 	Formalized	  	  	 	3/5/2013	  
	 UBRAND
	  	 	1650418	  	  	 	11/01/2013	  	  	 	Formalized	  	  	 	11/06/2013	  
	 UVELVET
	  	 	1650417	  	  	 	11/01/2013	  	  	 	Formalized	  	  	 	11/06/2013	  
	 PROSOURCE
	  	 	0754463	  	  	 	05/11/1994	  	  	 	TMA504290	  	  	 	11/18/1998	  
	 U BRAND VELVET & DESIGN (Vertical)
	  	 	1657398	  	  	 	12/20/2013	  	  	 	Formalized	  	  	 	12/24/2013	  
	 U BRAND VELVET & DESIGN (Horizontal)
	  	 	1657396	  	  	 	12/20/2013	  	  	 	Formalized	  	  	 	12/24/2013	  
	 U BRAND GLOSS & DESIGN (Vertical)
	  	 	1657395	  	  	 	12/20/2013	  	  	 	Formalized	  	  	 	12/24/2013	  
	 U BRAND GLOSS & DESIGN (Horizontal)
	  	 	1657251	  	  	 	12/20/2013	  	  	 	Formalized	  	  	 	12/27/2013	  
	 U BRAND DIGITAL & DESIGN (Vertical)
	  	 	1657250	  	  	 	12/20/2013	  	  	 	Formalized	  	  	 	12/27/2013	  
	 U BRAND DIGITAL & DESIGN (Horizontal)
	  	 	1657249	  	  	 	12/20/2013	  	  	 	Formalized	  	  	 	12/24/2013	  
	 U BRAND & DESIGN (Vertical)
	  	 	1657248	  	  	 	12/20/2013	  	  	 	Formalized	  	  	 	12/24/2013	  
	 U BRAND & DESIGN (Horizontal)
	  	 	1657245	  	  	 	12/20/2013	  	  	 	Formalized	  	  	 	12/24/2013	  
	 UGLOSS
	  	 	1656918	  	  	 	12/18/2013	  	  	 	Formalized	  	  	 	12/20/2013	  

  

	3.	Copyrights 

  

									
	 Copyright
	  	 Registration No.
	 	  	 Registration Date
	 
	 Electronic Price List
	  	 	454282	  	  	 	7/9/1996	  

  

	4.	Industrial Designs 

 None. 

Material Registered Patent, Copyright, Trade-mark and Industrial Design Licenses 

 

	1.	Material Patent Licenses 

 None. 

 

	2.	Material Trade-mark Licenses 

 None. 

 

	3.	Material Copyright Licenses 

 None. 

 

	4.	Material Industrial Design Licenses 

 NoneEX-10.4

 Exhibit 10.4 
  

 
  

 
  

REGISTRATION RIGHTS AGREEMENT 

BETWEEN 

UWW HOLDINGS, LLC 

AND 

VERITIV CORPORATION 
  

 
 Dated as of July
1, 2014 
  
  

 

 TABLE OF CONTENTS 
  

									
	 	 	 	  	 	  	Page	 
			
	 1.
	 	 DEMAND REGISTRATIONS
	  	 	1	  
		 	1.1.	  	 Requests for Registration.
	  	 	1	  
		 	1.2.	  	 Demand Notice.
	  	 	1	  
		 	1.3.	  	 Short-Form Registrations.
	  	 	2	  
		 	1.4.	  	 Shelf Registrations.
	  	 	2	  
		 	1.5.	  	 Priority on Demand Registrations.
	  	 	2	  
		 	1.6.	  	 Selection of Underwriters.
	  	 	3	  
		 	1.7.	  	 Other Registration Rights.
	  	 	3	  
			
	 2.
	 	 RESTRICTIONS ON REGISTRATIONS
	  	 	3	  
		 	2.1.	  	 Restrictions on Demand Registrations.
	  	 	3	  
		 	2.2.	  	 Right to Defer or Suspend Registrations.
	  	 	3	  
			
	 3.
	 	 PIGGYBACK REGISTRATIONS
	  	 	4	  
		 	3.1.	  	 Right to Piggyback.
	  	 	4	  
		 	3.2.	  	 Priority on Primary Registrations.
	  	 	5	  
		 	3.3.	  	 Priority on Secondary Registrations.
	  	 	5	  
			
	 4.
	 	 REGISTRATION AND COORDINATION GENERALLY
	  	 	5	  
		 	4.1.	  	 Registration Procedures.
	  	 	5	  
		 	4.2.	  	 Registration Expenses.
	  	 	10	  
		 	4.3.	  	 Participation in Underwritten Offerings; Suspension of Dispositions.
	  	 	11	  
		 	4.4.	  	 Lock-Up Agreements.
	  	 	11	  
		 	4.5.	  	 Current Information; Rule 144 Reporting.
	  	 	12	  
		 	4.6.	  	 Shelf Take-Down Procedures.
	  	 	12	  
		 	4.7.	  	 Right to Terminate Registration.
	  	 	13	  
			
	 5.
	 	 INDEMNIFICATION
	  	 	13	  
		 	5.1.	  	 Indemnification by the Company.
	  	 	13	  
		 	5.2.	  	 Indemnification by Holders of Investor Registrable Securities.
	  	 	14	  
		 	5.3.	  	 Procedure.
	  	 	14	  
		 	5.4.	  	 Entry of Judgment; Settlement.
	  	 	15	  
		 	5.5.	  	 Contribution.
	  	 	15	  
		 	5.6.	  	 Other Rights.
	  	 	16	  
		 	5.7.	  	 Indemnification Payments.
	  	 	16	  
		 	5.8.	  	 Survival.
	  	 	16	  
			
	 6.
	 	 DEFINITIONS AND RULES OF CONSTRUCTION
	  	 	16	  
		 	6.1.	  	 Definitions.
	  	 	16	  
		 	6.2.	  	 Rules of Construction.
	  	 	18	  
			
	 7.
	 	 MISCELLANEOUS
	  	 	19	  
		 	7.1.	  	 Term.
	  	 	19	  
		 	7.2.	  	 No Inconsistent Agreements.    
	  	 	19	  

  
 i 

									
		 	7.3.	  	 Adjustments Affecting Investor Registrable Securities.
	  	 	19	  
		 	7.4.	  	 Board of Directors Matters.
	  	 	19	  
		 	7.5.	  	 Restriction on Acquisitions of Common Stock by the Investor.
	  	 	20	  
		 	7.6.	  	 Remedies.
	  	 	20	  
		 	7.7.	  	 Amendment and Waiver.
	  	 	20	  
		 	7.8.	  	 Successors and Assigns; Permitted Transferees.
	  	 	20	  
		 	7.9.	  	 Severability.
	  	 	20	  
		 	7.10.	  	 Counterparts.
	  	 	21	  
		 	7.11.	  	 Descriptive Headings; No Strict Construction.
	  	 	21	  
		 	7.12.	  	 Notices.
	  	 	21	  
		 	7.13.	  	 Electronic Delivery.
	  	 	23	  
		 	7.14.	  	 Governing Law; Consent to Jurisdiction; WAIVER OF JURY TRIAL.
	  	 	23	  
		 	7.15.	  	 Exercise of Rights and Remedies.
	  	 	24	  
		 	7.16.	  	 Dilution.
	  	 	24	  

  
 ii 

 REGISTRATION RIGHTS AGREEMENT 

This Registration Rights Agreement (this “Agreement”) is made as of July 1, 2014 by and among: 

 

	 	(i)	Veritiv Corporation, a Delaware corporation (together with its successors and permitted assigns, the “Company”); and 

 

	 	(ii)	UWW Holdings, LLC, a Delaware limited liability company (the “Investor”). 

Unless otherwise noted herein, capitalized terms used herein shall have the meanings set forth in Section 6. 

RECITALS 
 WHEREAS,
the Company and the Investor are parties to that certain Agreement and Plan of Merger, dated January 28, 2014, as amended, (the “Merger Agreement”), pursuant to which a wholly-owned subsidiary of the Investor will merge with and
into the Company and, in connection therewith, the Investor will receive as consideration shares of common stock of the Company, $0.01 par value per share (“Common Stock”), in a private placement pursuant to Section 4(2) of the
Securities Act; and 
 WHEREAS, the execution and delivery of this Agreement is a condition to the consummation of the transactions under
the Merger Agreement. 
 NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties to this Agreement hereby agree as follows: 

AGREEMENT 
  

	1.	DEMAND REGISTRATIONS. 

 1.1. Requests for Registration. Subject to
Section 2 and the other terms and conditions of this Agreement, at any time following the date that is 180 days after the Closing Date, the Investor on behalf of holders of the Investor Registrable Securities may initiate (a) up to
three (3) registrations of all or part of the Investor Registrable Securities on Form S-1 or any similar or successor long-form registration
(“Long-Form Registrations”); provided, however, that a registration shall not count as one of the permitted Long-Form Registrations until it has become effective; and (b) if available, an unlimited number of
registrations of all or part of the Investor Registrable Securities on Form S-3 or any successor short-form registration (“Short-Form
Registrations”). 
 1.2. Demand Notice. All requests for Demand Registrations shall be made only by the Investor giving
written notice to the Company (a “Demand Notice”). Each Demand Notice shall specify the approximate number of Investor Registrable Securities requested to be registered and the intended methods of disposition. Within seven
(7) days after 

  
 1 

 
receipt of any such Demand Notice, the Company shall give written notice of such requested registration to all other holders of Investor Registrable Securities and, subject to
Section 1.5, shall include in such registration (and in all related registrations and qualifications under state securities laws or in compliance with other registration requirements and in any related underwriting) all Investor
Registrable Securities with respect to which the Company has received written requests for inclusion therein within twenty (20) days after the delivery of the Company’s notice. 

1.3. Short-Form Registrations. Demand Registrations shall be Short-Form Registrations
whenever the Company is permitted to use Form S-3 or any successor short-form registration. The Company will use its reasonable best efforts to make Short-Form Registrations available for the sale of Investor Registrable Securities. 

1.4. Shelf Registrations. Whenever the Company is permitted to use Form S-3 or any successor short-form registration, the
Investor on behalf of holders of the Investor Registrable Securities may require the Company to file any Demand Registration with the Securities and Exchange Commission in accordance with and pursuant to Rule 415 under the Securities Act (or any
successor rule then in effect) (a “Shelf Registration”) for the sale or distribution by the holders of Investor Registrable Securities on a delayed or continuous basis pursuant to Rule 415 of the Securities Act, including by
way of an underwritten offering, block sale or other distribution plan, and the Company shall use its reasonable best efforts to cause such registration statement to be filed and declared effective under the Securities Act in accordance with
Section 4 hereof. Once effective, the Company shall cause the Shelf Registration to remain effective for a period ending on the date on which all Investor Registrable Securities included in such registration have been sold or distributed
pursuant to the Shelf Registration. In connection with a takedown requested by the Investor on behalf of holders of the Investor Registrable Securities pursuant to any Shelf Registration, the Company shall (i) cooperate with the Investor and
take all actions reasonably requested by the Investor in connection therewith and (ii) comply with Section 4.6 below. 

1.5. Priority on Demand Registrations. The Company shall not include in any Demand Registration any securities which are not
Investor Registrable Securities without the prior written consent of the Investor which shall not be unreasonably withheld, conditioned or delayed. In any Underwritten Offering, if the managing underwriter(s) advises the Company in writing that in
its opinion the number of Investor Registrable Securities and, if permitted hereunder, other securities requested to be included in such Underwritten Offering exceeds the number of Investor Registrable Securities and other securities, if any, which
can be sold therein without adversely affecting the marketability of the offering, then the Company shall include in such registration only such number of shares of Common Stock that in the opinion of the managing underwriter(s) can be sold without
adversely affecting the marketability of the offering, which shares shall be included in the following order of priority: (a) first, the Investor Registrable Securities for which registration was requested, pro rata among the holders of such
Investor Registrable Securities on the basis of the number of Investor Registrable Securities owned by each such holder, (b) second, any securities proposed to be registered by the Company and (c) third, any other securities proposed to be
included in such registration which, in the opinion of the underwriters, can be sold without any such adverse effect. 

  
 2 

 1.6. Selection of Underwriters. The Investor shall have the right to select the
underwriter or underwriters to administer any underwriting offering in connection with a Demand Registration, subject to the Company’s approval which shall not be unreasonably withheld, conditioned or delayed. 

1.7. Other Registration Rights. The Company represents and warrants that it is not a party to, or otherwise subject to, any
other agreement granting registration rights to any Person with respect to any securities of the Company other than this Agreement. 
  

	2.	RESTRICTIONS ON REGISTRATIONS. 

 2.1. Restrictions on Demand
Registrations. The Company will not be obligated to file any registration statement with respect to any Demand Registration more than once in any 150-day period or more than two times in any 365-day period. The Company shall not be
obligated to effect any Demand Registration unless the reasonably anticipated gross proceeds from the sale of Investor Registrable Securities in such Demand Registration are $40 million in the case of a Long-Form Registration and
$15 million in the case of a Short-Form Registration; provided that if the Investor is proposing a Short-Form Registration to sell all of the remaining Investor Registrable Securities (assuming the exercise in full of any over-allotment
option), the $15 million minimum Short-Form Registration limit shall not apply. Notwithstanding anything in this Agreement to the contrary, no Investor Registrable Securities may be registered, offered, sold or otherwise transferred under, and
the Company shall not be required to maintain the effectiveness of, more than one registration statement with respect to Investor Registrable Securities at any time. 

2.2. Right to Defer or Suspend Registrations. The Company may, at its option, (x) defer any registration or offering of
Investor Registrable Securities in response to a Demand Notice or Take-Down Notice or (y) require holders to suspend any offering of Investor Registrable Securities, in either case for no more than 120 days in each 360-day period: 

(a) if the Company is subject to any of its customary suspension or blackout periods, for all or part of such period; 

(b) upon issuance by the Securities and Exchange Commission of a stop order suspending the effectiveness of any registration statement with
respect to Investor Registrable Securities or the initiation of proceedings with respect to such registration statement under Section 8(d) or 8(e) of the Securities Act; 

(c) if the Company believes that any such registration or offering (i) should not be undertaken because it would reasonably be expected
to materially interfere with any material corporate development or plan or (ii) would require the Company, under applicable securities laws and other laws, to make disclosure of material nonpublic information that would not otherwise be
required to be disclosed at that time and the Company believes in good faith that such disclosures at that time would not be in the Company’s best interests, provided that this exception (ii) shall continue to apply only during the
time that such material nonpublic information has not been disclosed and remains material; 

  
 3 

 (d) if the Company elects at such time to offer Common Stock or other equity securities of the
Company to (i) fund a merger, third-party tender offer or other business combination, acquisition of assets or similar transaction or (ii) meet rating agency and other capital funding requirements; and 

(e) if the Company is pursuing a primary underwritten offering of Common Stock pursuant to a registration statement; provided that the
Investor shall have Piggyback Registration rights with respect to such primary underwritten offering in accordance with and subject to the restrictions set forth in Section 3; 

provided that, in the case of a deferral by the Company of a Demand Registration, the Investor will be entitled to withdraw such request and, if such
request is withdrawn, such Demand Registration will not count as a Demand Registration and the Company will pay all Registration Expenses in connection with such requested registration. Upon the occurrence of any of the conditions described in
(a) through (e) above, the Company shall give prompt notice of such deferral or suspension (a “Suspension Notice”) to the Investor or, in the Company’s sole discretion, to each seller of Investor Registrable
Securities included in any applicable registration statement. Upon the termination of such condition, the Company shall give prompt notice thereof (a “Suspension Termination Notice”) to the Investor and, if applicable, any sellers
to whom a Suspension Notice was delivered. The Company shall promptly proceed with any Demand Registration that was suspended pursuant to this Section 2.2. 
  

	3.	PIGGYBACK REGISTRATIONS. 

 3.1. Right to Piggyback. Whenever the
Company proposes to register any of its Common Stock (whether or not in combination with any other equity or debt security or otherwise) under the Securities Act (other than pursuant to a Demand Registration or in connection with registration on Form S-4 or Form S-8 or any successor or similar forms, or relating solely to the sale of debt or convertible debt instruments) and the registration form to be used
may be used for the registration of Investor Registrable Securities (a “Piggyback Registration”), the Company shall give written notice at least 20 days before the anticipated filing date to the Investor on behalf of the holders of
the Investor Registrable Securities of its intention to effect such a registration. Each such Company notice shall specify the approximate number of shares of Common Stock to be registered. Subject to Sections 3.2 and 3.3 below,
the Company will include in such registration (and in all related registrations or qualifications under blue sky laws and in any related underwriting) all Investor Registrable Securities with respect to which the Company has received from the
Investor a written request for inclusion therein within 15 days after the delivery of such Company notice; provided that (i) each seller must sell its Investor Registrable Securities to the underwriter or underwriters selected by the
Company in connection with such offering on the same terms and conditions as apply to the Company and (ii) if, at any time after giving notice to the Investor of its intention to effect such registration, the Company shall determine for any
reason not to register any of its Common Stock under the Securities Act, the Company shall give notice to the Investor on behalf of such sellers and, thereupon, shall be relieved of its obligation to register any Investor Registrable Securities in
connection with such registration and, except for the obligation to pay Registration Expenses pursuant to Section 4.2, the Company shall have no liability to the holders of Investor 

  
 4 

 
Registrable Securities in connection with such termination or withdrawal. The Company shall have the right to select the underwriter or underwriters to administer any underwritten offering in
connection with such registration and related offering. 
 3.2. Priority on Primary Registrations. If a Piggyback Registration is an
underwritten primary registration on behalf of the Company and the managing underwriter(s) advises the Company in writing (with a copy to the Investor on behalf of each holder requesting registration of Investor Registrable Securities) that in its
opinion the number of securities requested to be included in such registration exceeds the number which can be sold in such offering without adversely affecting the marketability of such offering, the Company will include in such registration only
such number of shares of Common Stock that in the opinion of the managing underwriter(s) can be sold without adversely affecting the marketability of the offering, which shares shall be included in the following order of priority: (a) first,
the shares of Common Stock the Company proposes to sell, (b) second, the Investor Registrable Securities requested to be included in such registration, pro rata among the holders of such Investor Registrable Securities on the basis of the
number of Investor Registrable Securities owned by such holder, and (c) third, any other shares of Common Stock requested to be included in such registration. 

3.3. Priority on Secondary Registrations. If a Piggyback Registration is an underwritten secondary registration on behalf of holders
of Common Stock (other than the holders of Investor Registrable Securities), and the managing underwriter(s) advises the Company in writing that in its opinion the number of securities requested to be included in such registration exceeds the number
which can be sold in such offering without adversely affecting the marketability of the offering, the Company will include in such registration only such number of shares of Common Stock that in the opinion of the managing underwriter(s) can be sold
without adversely affecting the marketability of the offering, which shares shall be included in the following order of priority: (a) first, the shares of Common Stock requested to be included therein by the applicable holders requesting
registration and the Investor Registrable Securities requested to be included in such registration, pro rata among the holders of such shares of Common Stock and Investor Registrable Securities on the basis of the number of shares owned by each such
holder, and (b) second, any other shares of Common Stock requested to be included in such registration. 
  

	4.	REGISTRATION AND COORDINATION GENERALLY 

 4.1. Registration Procedures.
Whenever the Investor on behalf of holders of Investor Registrable Securities has requested that any Investor Registrable Securities be registered pursuant to this Agreement, the Company will use its reasonable best efforts to effect the
registration and the sale of such Investor Registrable Securities in accordance with the intended method of disposition thereof and pursuant thereto the Company will as expeditiously as possible: 

(a) prepare and (within sixty (60) days after the end of the period within which a Demand Notice has been received) file
with the Securities and Exchange Commission a registration statement, and all amendments and supplements thereto and related prospectuses, with respect to such Investor 

  
 5 

 
Registrable Securities and thereafter use its reasonable best efforts to cause such registration statement to become effective (provided that before filing a registration statement or prospectus
or any amendments or supplements thereto, the Company will furnish to the counsel selected by the Investor copies of all such documents proposed to be filed, which documents will be subject to review by such counsel); 

(b) notify each holder of Investor Registrable Securities of (i) the issuance by the Securities and Exchange Commission
of any stop order suspending the effectiveness of any registration statement or the initiation of any proceedings for that purpose, (ii) the receipt by the Company or its counsel of any notification with respect to the suspension of the
qualification of the Investor Registrable Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose, and (iii) the effectiveness of each registration statement filed hereunder; 

(c) prepare and file with the Securities and Exchange Commission such amendments and supplements to such registration
statement and the prospectus used in connection therewith as may be necessary (i) to keep such registration statement effective until the holder or holders of Investor Registrable Securities have completed the distribution described in the
registration statement relating to such distribution, and (ii) to comply with the provisions of the Securities Act with respect to the disposition of all securities covered by such registration statement until such time as all of such
securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; 

(d) furnish to the Investor such number of copies of such registration statement, each amendment and supplement thereto, the
prospectus included in such registration statement (including each preliminary prospectus), each Free Writing Prospectus and such other documents as the Investor may reasonably request in order to facilitate the disposition of the Investor
Registrable Securities; 
 (e) use its reasonable best efforts to register or qualify such Investor Registrable Securities
under such other securities or blue sky laws of such jurisdictions as any seller reasonably requests (provided that the Company will not be required to (i) qualify generally to do business in any jurisdiction where it would not otherwise be
required to qualify but for this subsection, (ii) subject itself to taxation in respect of doing business in any such jurisdiction, or (iii) consent to general service of process in any such jurisdiction); 

(f) promptly notify each seller of such Investor Registrable Securities, at any time when a prospectus relating thereto is
required to be delivered under the Securities Act, upon discovery that, or upon the discovery of the happening of any event as a result of which, the prospectus included in such registration statement contains an untrue statement of a material fact
or omits any 

  
 6 

 
fact necessary to make the statements therein not misleading in the light of the circumstances under which they were made, and, at the request of any such seller, the Company will prepare and
furnish to such seller a reasonable number of copies of a supplement or amendment to such prospectus so that, as thereafter delivered to the prospective purchasers of such Investor Registrable Securities, such prospectus will not contain an untrue
statement of a material fact or omit to state any fact necessary to make the statements therein not misleading in the light of the circumstances under which they were made; 

(g) cause all such Investor Registrable Securities to be listed or quoted on each securities exchange on which similar
securities issued by the Company are then listed or quoted; 
 (h) provide a transfer agent and registrar for all such
Investor Registrable Securities not later than the effective date of such registration statement; 
 (i) enter into such
customary agreements (including underwriting agreements in customary form) and perform the Company’s obligations thereunder and take all such other actions as the Investor or the managing underwriters, if any, reasonably request in order to
expedite or facilitate the disposition of such Investor Registrable Securities; 
 (j) in the case of an Underwritten
Offering, make available for inspection by the Investor on behalf of holders of Investor Registrable Securities, any managing underwriter participating in any disposition pursuant to such registration statement and any attorney or accountant
retained by such sellers or any managing underwriter, all material financial and other records and pertinent corporate and business documents of the Company as will be reasonably necessary to enable them to exercise their due diligence
responsibilities; provided that each such seller, any such managing underwriter, attorney or accountant will enter into a confidentiality agreement satisfactory to the Company; 

(k) in the case of an Underwritten Offering, cooperate and participate as reasonably requested by the Investor or the managing
underwriter(s) in road show presentations, in the preparation of the registration statement, each amendment and supplement thereto, the prospectus included therein, and other activities as the Investor or the managing underwriter(s) may reasonably
request in order to facilitate the disposition of the Investor Registrable Securities; 
 (l) take all reasonable actions to
ensure that any prospectus or Free Writing Prospectus utilized in connection with any Demand Registration or Piggyback Registration hereunder (i) complies in all material respects with the Securities Act, (ii) is filed in accordance with
the Securities Act to the extent required thereby and is retained in accordance with the Securities Act to the extent required thereby, (iii) when taken together with the related prospectus, will not contain any untrue statement of a material
fact or omit to state any material 

  
 7 

 
fact required to be stated therein or necessary to make the statements therein not misleading, and (iv) in the case of such prospectus or Free Writing Prospectus (when taken together with
the related prospectus), will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were
made, not misleading; 
 (m) otherwise use its reasonable best efforts to comply with all applicable rules and regulations
of the Securities and Exchange Commission, and make available to its security holders, as soon as reasonably practicable, but not later than eighteen (18) months after the effective date of the registration statement, an earnings statement
covering the period of at least twelve (12) months beginning with the first day of the Company’s first full calendar quarter after the effective date of the registration statement, which earnings statement shall satisfy the provisions of
Section 11(a) of the Securities Act and Rule 158 thereunder; 
 (n) in the event of the issuance of any stop order
suspending the effectiveness of a registration statement, or of any order suspending or preventing the use of any related prospectus or suspending the qualification of any securities included in such registration statement for sale in any
jurisdiction, the Company will use its reasonable best efforts to promptly obtain the withdrawal of such order; 
 (o) use
its reasonable best efforts to cause such Investor Registrable Securities covered by such registration statement to be registered with or approved by such other governmental agencies or authorities as may be necessary to enable the sellers thereof
to consummate the disposition of such Investor Registrable Securities; 
 (p) in the case of an Underwritten Offering, use
its reasonable best efforts to make available the executive officers of the Company to participate with the Investor and any managing underwriter in any “road shows” or other selling efforts that may be reasonably requested by the Investor
in connection with the methods of distribution for the Investor Registrable Securities; 
 (q) in the case of an
Underwritten Offering, use its reasonable best efforts to obtain one or more comfort letters, signed by the Company’s independent public accountants in the then-current customary form and covering such matters of the type customarily covered
from time to time by comfort letters as the managing underwriter(s) reasonably requests; 
 (r) in the case of an
Underwritten Offering, use its reasonable best efforts to provide a legal opinion of the Company’s outside counsel, addressed to the managing underwriters, with respect to the registration statement, each amendment and supplement thereto, the
prospectus included therein (including the preliminary prospectus) and such other documents relating thereto in the then-current customary form and covering such matters of the type customarily covered from time to time by legal opinions of such
nature; 

  
 8 

 (s) cooperate with the sellers of Investor Registrable Securities covered by the
registration statement and the managing underwriter(s), if any, to facilitate the timely preparation and delivery of certificates, if any (not bearing any restrictive legends), representing securities to be sold under the registration statement, and
enable such securities to be in such denominations and registered in such names as the managing underwriter(s), if any, or such holders may request; 

(t) notify counsel for the Investor on behalf of the sellers of the Investor Registrable Securities included in the
registration statement and the managing underwriter(s), if any, promptly, and confirm the notice in writing (i) when the registration statement, or any post-effective amendment to the registration statement, shall have become effective, or any
supplement to the prospectus or any amendment prospectus shall have been filed, (ii) of the receipt of any comments from the Securities and Exchange Commission, (iii) of any request of the Securities and Exchange Commission to amend the
registration statement or amend or supplement the prospectus or for additional information, and (iv) of the issuance by the Securities and Exchange Commission of any stop order suspending the effectiveness of the registration statement or of
any order preventing or suspending the use of any preliminary prospectus, or of the suspension of the qualification of the registration statement for offering or sale in any jurisdiction, or of the institution or threatening of any proceedings for
any of such purposes; 
 (u) use its reasonable best efforts to prevent the issuance of any stop order suspending the
effectiveness of the registration statement or of any order preventing or suspending the use of any preliminary prospectus; 

(v) in the case of an Underwritten Offering, if requested by the managing underwriter(s) or by the Investor, promptly
incorporate in a prospectus supplement or post-effective amendment such information as the managing underwriter(s) or the Investor reasonably requests to be included therein, including, with respect to the
number of Investor Registrable Securities being sold by each holder to such underwriter, the purchase price being paid therefor by such underwriter and with respect to any other terms of the underwritten offering of the Investor Registrable
Securities to be sold in such offering; and make all required filings of such prospectus supplement or post-effective amendment as soon as practicable after being notified of the matters incorporated in such
prospectus supplement or post-effective amendment; and 
 (w) in the case of an
Underwritten Offering, cooperate with the Investor on behalf of the sellers of Investor Registrable Securities and each managing underwriter participating in the disposition of such Investor Registrable Securities and their respective counsel in
connection with any filings required to be made with FINRA. 

  
 9 

 The Company may require the Investor or the holders of Investor Registrable Securities covered by
the registration statement to furnish in writing to the Company such information relating to the sellers of Investor Registrable Securities and the sale or registration of the Investor Registrable Securities by such sellers and the distribution
thereof as the Company may from time to time reasonably request in writing. In the event of a Piggyback Registration, if within 15 days of the receipt of a written request from the Company, any such seller fails to provide to the Company any
information relating to the such seller that is required by applicable law to be disclosed in any registration statement, the Company may exclude such seller’s Investor Registrable Securities from such registration statement. 

If any registration or comparable statement refers to any holder by name or otherwise as the holder of any securities of the Company and if in
such holder’s sole and exclusive judgment, such holder is or might be deemed to be an underwriter or a controlling person of the Company, such holder shall have the right to (i) require the insertion therein of language, in form and
substance satisfactory to such holder and presented to the Company in writing, to the effect that the holding by such holder of such securities is not to be construed as a recommendation by such holder of the investment quality of the Company’s
securities covered thereby and that such holding does not imply that such holder will assist in meeting any future financial requirements of the Company, or (ii) in the event that such reference to such holder by name or otherwise is not
required by the Securities Act or any similar federal statute then in force, require the deletion of the reference to such holder; provided, that with respect to this clause (ii), if requested by the Company, such holder shall furnish to the
Company an opinion of counsel to such effect, which opinion and counsel shall be reasonably satisfactory to the Company. 
 4.2.
Registration Expenses. 
 (a) All (i) expenses incident to the Company’s performance of or compliance with
this Agreement (including, all registration, qualification and filing fees, fees and expenses of compliance with securities or blue sky laws, printing expenses, messenger and delivery expenses, fees and disbursements of custodians, and fees and
disbursements of counsel for the Company and all independent certified public accountants, underwriters (excluding underwriting discounts, selling commissions and transfer taxes applicable to the sale of the Investor Registrable Securities
hereunder, which shall be borne by holders of Investor Registrable Securities covered by the registration statement ) and other Persons retained by the Company (all such expenses being herein called “Registration Expenses”) and
(ii) Selling Expenses will be paid by the Company in respect of each Demand Registration (including any Shelf Offering) and each Piggyback Registration, whether or not it has become effective, including that the Company will pay its internal
expenses (including all salaries and expenses of its officers and employees performing legal or accounting duties), the expense of any annual audit or quarterly review, the expense of any liability insurance and the expenses and fees for listing the
securities to be registered on each securities exchange on which similar securities issued by the Company are then listed. 

(b) In connection with each Demand Registration (including any Shelf Offering) and each Piggyback Registration, whether or not
it has become effective, the Company will pay, and reimburse the holders of Investor Registrable Securities covered by such registration for the payment of, the reasonable fees and disbursements of one counsel selected by Investor and such expenses
shall be considered Registration Expenses hereunder. 

  
 10 

 4.3. Participation in Underwritten Offerings; Suspension of Dispositions. No Person may
participate in any registration hereunder which is underwritten unless such Person (i) agrees to sell such Person’s securities on the basis provided in any underwriting arrangements approved by the Person or Persons entitled hereunder to
approve such arrangements (including, pursuant to the terms of any over-allotment or “green shoe” option requested by the managing underwriter(s), provided that no holder of Investor Registrable Securities will be required to sell more
than the number of Investor Registrable Securities that such holder has requested the Company to include in any registration), (ii) completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other
documents reasonably required under the terms of such underwriting arrangements and (iii) cooperates with the Company’s reasonable requests in connection with such registration. 

(b) Each Person that is participating in any registration hereunder agrees that, upon receipt of any Suspension Notice
pursuant to Section 2.2 or any notice from the Company of the happening of any event of the kind described in Section 4.1(f) above, such Person will forthwith discontinue the disposition of its Investor Registrable Securities
pursuant to the registration statement until such Person’s receipt of the Suspension Termination Notice as contemplated by Section 2.2 or the copies of a supplemented or amended prospectus as contemplated by such
Section 4.1(f), as the case may be. In the event the Company shall give any such notice, the applicable time period mentioned in Section 4.1(c) during which a registration statement is to remain effective shall be extended by
the number of days during the period from and including the date of the giving of such notice pursuant to this paragraph to and including the date when each seller of an Investor Registrable Security covered by such registration statement shall have
received the Suspension Termination Notice contemplated by Section 2.2 or the copies of the supplemented or amended prospectus contemplated by Section 4.1(f). 

4.4. Lock-Up Agreements. 

(a) The Company shall not effect any public sale or distribution of its Common Stock or any securities convertible into or
exchangeable or exercisable for its Common Stock during (a) with respect to any underwritten Demand Registration or any underwritten Piggyback Registration in which 

  
 11 

 
Investor Registrable Securities are included, the seven (7) days prior to and the ninety (90)-day period beginning on the effective date of such registration, and (b) upon notice from
the Investor on behalf of holders of the Investor Registrable Securities of the intention to effect an Underwritten Offering of Investor Registrable Securities pursuant to a Shelf Registration, the seven (7) days prior to and the ninety
(90)-day period beginning on the date of the commencement of such distribution; in each case except as part of such underwritten registration or pursuant to registrations on Form S-4 or Form S-8, and in each case unless the managing
underwriter(s) otherwise requires. 
 (b) No holder of Investor Registrable Securities shall effect any public sale or
distribution of any Common Stock or any securities convertible into or exchangeable or exercisable for Common Stock during (a) with respect to any underwritten Demand Registration or any underwritten Piggyback Registration in which Investor
Registrable Securities are included, the seven days prior to and the 90-day period beginning on the date of the commencement of such registration, and (b) upon notice from the Company of the commencement of an underwritten distribution of its
Common Stock, the seven days prior to and the 90-day period beginning on the date of the commencement of such distribution; in each case except as part of such underwritten registration or pursuant to registrations on Form S-4 or Form S-8,
and in each case unless the managing underwriter(s) otherwise requires. 
 4.5. Current Information; Rule 144 Reporting. 

At all times after the date of this Agreement, the Company will use its reasonable best efforts to timely file all reports required to be
filed by it under the Securities Act and the Exchange Act and the rules and regulations adopted by the Securities and Exchange Commission thereunder at any time when the Company is subject to such reporting requirements, and will take such further
action as any holder or holders of Investor Registrable Securities may reasonably request, all to the extent required to enable such holders to sell Investor Registrable Securities pursuant to Securities Act Rule 144. 

4.6. Shelf Take-Down Procedures. At any time that a Shelf Registration is effective, if the Investor on behalf of holders of the
Investor Registrable Securities delivers a notice to the Company (a “Take-Down Notice”) stating that they intend to effect an offering of all or part of the Investor Registrable Securities included on such registration, whether such
offering is underwritten or non-underwritten (a “Shelf Offering”) and stating the number of the Investor Registrable Securities to be included in the Shelf Offering, then the Company shall amend or supplement such registration as
may be necessary in order to enable such Investor Registrable Securities to be distributed pursuant to the Shelf Offering. The Company will not be obligated to effect any Shelf Offering unless the reasonably anticipated aggregate gross proceeds from
the sale of Investor Registrable Securities from such Shelf Offering are at least $15 million; provided that if the Investor is proposing a Shelf Offering to sell all of the remaining Investor Registrable Securities (assuming the
exercise in full of any over-allotment option), the $15 million minimum Shelf Offering limit shall not apply. In connection with any Shelf 

  
 12 

 
Offering that is an underwritten offering, in the event that the managing underwriter(s) advises the Company in writing that in its opinion the number of Investor Registrable Securities to be
included in such Shelf Offering exceeds the number of Investor Registrable Securities which can be sold therein without adversely affecting the marketability of the offering, such managing underwriter(s) may limit the number of Investor Registrable
Securities which would otherwise be included in such Shelf Offering in the same manner as is described in Section 1.5. The Company shall deliver the Take-Down Notice to all other holders of Investor Registrable Securities included on
such Shelf Registration and permit each such holder to include its Investor Registrable Securities included on such registration in the Shelf Offering if such holder notifies the Investor and the Company within five (5) days after delivery of
the Take-Down Notice to such holder. 
 4.7. Right to Terminate Registration. The Investor shall have the right to terminate or
withdraw any registration initiated under Section 1 prior to the effectiveness of such registration and, for purposes of this Agreement, such terminated or withdrawn registration shall not count as one of the Investor’s Demand
Registrations. The Registration Expenses of any such terminated or withdrawn registration shall be borne by the Company in accordance with Section 4.2 hereof. 
  

	5.	INDEMNIFICATION. 

 5.1. Indemnification by the Company. The Company
agrees to indemnify and hold harmless, to the fullest extent permitted by law, the Investor and each holder of Investor Registrable Securities and, as applicable, their respective officers, directors, trustees, employees, unitholders, holders of
beneficial interests, members, general and limited partners, agents and representatives and each Person who controls the Investor or such holder (within the meaning of the Securities Act) (collectively, “Investor Indemnitees”)
against any and all losses, claims, actions, damages, liabilities and expenses (including reasonable attorney’s fees and expenses), to which the Investor or any such holder or Investor Indemnitee may become subject under the Securities Act or
otherwise, insofar as such losses, claims, actions, damages, liabilities or expenses (or actions or proceedings, whether commenced or threatened, in respect thereof) arise out of, result from or are based upon (a) any untrue or alleged untrue
statement of material fact contained in any registration statement of the Company under the Securities Act that covers any Investor Registrable Securities pursuant to this Agreement, or prospectus or preliminary prospectus or any amendment thereof
or supplement thereto relating to the Investor Registrable Securities, together with any documents incorporated therein by reference, or (b) any omission or alleged omission of a material fact required to be stated therein or necessary to make
the statements therein not misleading. In addition, the Company will reimburse the Investor and each such holder and Investor Indemnitee for any legal or any other expenses, including any amounts paid in any settlement effected with the consent of
the Company, which consent will not be unreasonably withheld or delayed, incurred by them in connection with investigating or defending any such loss, claim, liability, action or proceeding; provided, however, that the Company shall
not be liable in any such case to the extent that any such loss, claim, action, damage, liability or expense (or action or proceeding in respect thereof) arises out of, results from or is based upon an untrue statement or alleged untrue statement,
or omission or alleged 

  
 13 

 
omission, made in such registration statement, any such prospectus or preliminary prospectus or any amendment or supplement thereto, in reliance upon, and in conformity with, written information
prepared and furnished to the Company by or on behalf of such holder expressly for use therein. 
 5.2. Indemnification by Holders of
Investor Registrable Securities. In connection with any registration statement in which a holder of Investor Registrable Securities is participating, each such holder will furnish to the Company in writing such information as the Company
reasonably requests for use in connection with any such registration statement or prospectus and, to the extent permitted by law, will indemnify and hold harmless the Company and its officers, directors, employees, agents, representatives, trustees
and each Person who controls the Company (within the meaning of the Securities Act) (collectively, the “Company Indemnitees”) against any losses, claims, damages, liabilities and expenses (including reasonable attorney’s fees
and expenses) to which the Company or any such Company Indemnitee may become subject under the Securities Act or otherwise, insofar as such losses, claims, damages, liabilities and expenses (or actions or proceedings, whether commenced or
threatened, in respect thereof) arise out of, result from or are based upon (a) any untrue or alleged untrue statement of material fact contained in any registration statement of the Company under the Securities Act that covers any Investor
Registrable Securities pursuant to this Agreement, or prospectus or preliminary prospectus or any amendment thereof or supplement thereto relating to the Investor Registrable Securities, together with any documents incorporated therein by reference,
or (b) any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein not misleading, but, in the case of each of (a) and (b), only to the extent that such untrue statement (or
alleged untrue statement) or omission (or alleged omission) is made in such registration statement, any such prospectus or preliminary prospectus or any amendment thereof or supplement thereto, together with any documents incorporated therein by
reference, in reliance upon and in conformity with written information prepared and furnished to the Company by or on behalf of such holder expressly for use therein. In addition, such holder will reimburse the Company and each such Company
Indemnitee for any legal or any other expenses including any amounts paid in any settlement effected with the consent of such holder, which consent will not be unreasonably withheld or delayed, incurred by them in connection with investigating or
defending any such loss, claim, liability, action or proceeding; provided, however, that the obligation to indemnify will be individual (and not join and several) to each holder and will be limited to the net amount of proceeds
received by such holder from the sale of Investor Registrable Securities pursuant to such registration statement, less any other amounts paid by such holder in respect of such untrue statement, alleged untrue statement, omission or alleged omission.

 5.3. Procedure. Any Person entitled to indemnification hereunder will (a) give prompt written notice to the indemnifying
party of any claim with respect to which it seeks indemnification (provided, that the failure of any indemnified party to give such notice shall not relieve the indemnifying party of its obligations hereunder, except to the extent that the
indemnifying party is actually prejudiced by such failure to give such notice), and (b) unless in such indemnified party’s reasonable judgment a conflict of interest between such indemnified and indemnifying parties may exist with respect
to such claim, permit such indemnifying party to assume the defense of such claim with counsel reasonably satisfactory to the indemnified party. 

  
 14 

 
If such defense is assumed, the indemnifying party will not be subject to any liability for any settlement made by the indemnified party without its consent (but such consent will not be
unreasonably withheld). An indemnifying party who is not entitled to, or elects not to, assume the defense of a claim will not be obligated to pay the fees and expenses of more than one counsel for all parties indemnified by such indemnifying party
with respect to such claim, unless in the reasonable judgment of any indemnified party a conflict of interest may exist between such indemnified party and any other of such indemnified parties with respect to such claim. 

5.4. Entry of Judgment; Settlement. The indemnifying party shall not, except with the approval of each indemnified party, consent to
entry of any judgment or enter into any settlement which does not include as an unconditional term thereof, the giving by the claimant or plaintiff to each indemnified party of a release from all liability in respect to such claim or litigation
without any payment or consideration provided by such indemnified party. 
 5.5. Contribution. If the indemnification provided for
in this Section 5 is, other than expressly pursuant to its terms, unavailable to or is insufficient to hold harmless an indemnified party under the provisions above in respect of any losses, claims, damages, liabilities or expenses
referred to therein, then each indemnifying party shall contribute to the amount paid or payable by such indemnified party as a result of such losses, claims, damages, liabilities or expenses (a) in such proportion as is appropriate to reflect
the relative benefits received by the Company on the one hand and the sellers of Investor Registrable Securities and any other sellers participating in the registration statement on the other hand from the sale of Investor Registrable Securities
pursuant to the registered offering of securities as to which indemnity is sought, or (b) if the allocation provided by clause (a) above is not permitted by applicable law, in such proportion as is appropriate to reflect the relative
benefits referred to in clause (a) above but also the relative fault of the Company on the one hand and of the sellers of Investor Registrable Securities and any other sellers participating in the registration statement on the other hand in
connection with the statement or omissions which resulted in such losses, claims, damages or liabilities, as well as any other relevant equitable considerations. The relative benefits received by the Company on the one hand, and the sellers of
Investor Registrable Securities and any other sellers participating in the registration statement on the other hand, shall be deemed to be in the same proportion as the total net proceeds from the offering (before deducting expenses) to the Company
bear to the total net proceeds from the offering (before deducting expenses) to the sellers of Investor Registrable Securities and any other sellers participating in the registration statement. The relative fault of the Company on the one hand, and
of the sellers of Investor Registrable Securities and any other sellers participating in the registration statement on the other hand, shall be determined by reference to, among other things, whether the untrue or alleged statement or omission to
state a material fact relates to information supplied by the Company or by the sellers of Investor Registrable Securities or other sellers participating in the registration statement and the parties’ relative intent, knowledge, access to
information and opportunity to correct or prevent such statement or omission. 
 The Company and the sellers of Investor Registrable
Securities agree that it would not be just and equitable if contribution pursuant to this Section 5 were determined by pro rata allocation or by any other method of allocation which does not take account of the equitable considerations
referred to in the immediately preceding paragraph. The amount paid or payable 

  
 15 

 
by an indemnified party as a result of the losses, claims, damages, liabilities and expenses referred to in the immediately preceding paragraph shall be deemed to include, subject to the
limitations set forth above, any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 5, no seller of
Investor Registrable Securities shall be required to contribute any amount in excess of the net proceeds received by such seller from the sale of Investor Registrable Securities covered by the registration statement filed pursuant hereto, less any
other amounts paid by such seller in respect of such untrue statement, alleged untrue statement, omission or alleged omission. No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be
entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. 
 5.6. Other Rights. The
indemnification and contribution by any such party provided for under this Agreement shall be in addition to any other rights to indemnification or contribution which any indemnified party may have pursuant to law or contract and will remain in full
force and effect regardless of any investigation made or omitted by or on behalf of the indemnified party or any officer, director or controlling Person of such indemnified party and will survive the transfer of Investor Registrable Securities and
the termination or expiration of this Agreement. 
 5.7. Indemnification Payments. 

The indemnification required by this Section 5 shall be made by periodic payments of the amount thereof during the course of the
investigation or defense, as and when bills or invoices relating thereto are received or liability is incurred, subject to refund if the party receiving such payments is subsequently found not to have been entitled thereto hereunder. 

5.8. Survival. 
 The
indemnification provided for under this Agreement will remain in full force and effect regardless of any investigation made by or on behalf of the indemnified party or any officer, agent or employee and each other Person who participates as an
underwriter in the offering or sale of such securities and each other Person, if any, who controls (within the meaning of the Securities Act) such indemnified party, and will survive the transfer of securities. 

 

	6.	DEFINITIONS AND RULES OF CONSTRUCTION. 

 6.1. Definitions. 

“Affiliate” of any particular Person shall mean any other Person controlling, controlled by or under common control with such
particular Person, where “control” means the possession, directly or indirectly, of the power to direct the management and policies of a Person whether through the ownership of voting securities, by contract or otherwise. 

“Board” shall mean the Board of Directors of the Company. 

  
 16 

 “Business Day” shall mean any day, other than a Saturday, Sunday or one on which
banks are authorized by Law to close in New York, New York. 
 “Closing Date” shall have the meaning set forth in
the Merger Agreement. 
 “Common Stock” shall have the meaning set forth in the recitals hereof. 

“Demand Registrations” shall mean Long-Form Registrations and Short-Form Registrations requested pursuant to
Section 1.1. 
 “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended from time to time.

 “FINRA” means the Financial Industry Regulatory Authority (or any successor thereto). 

“Free Writing Prospectus” shall mean a free-writing prospectus, as defined in Rule 405. 

“Investor Registrable Securities” shall mean (a) all shares of Common Stock issued to the Investor pursuant to the
Merger Agreement and (b) any equity securities of the Company issued or issuable directly or indirectly with respect to the foregoing securities referred to in clause (a) immediately above, in each case, by way of stock dividend or stock
split or in connection with a combination or exchange of shares, recapitalization, merger, consolidation or other reorganization. As to any particular shares constituting Investor Registrable Securities, such shares will continue to be Investor
Registrable Securities in the hands of any Permitted Transferee thereof, and such shares will cease to be Investor Registrable Securities (i) when they have been effectively registered or qualified for sale by prospectus filed under the
Securities Act and disposed of in accordance with the registration statement covering them, (ii) when they have been sold to the public pursuant to Securities Act Rule 144 or other exemption from registration under the Securities Act,
(iii) when they have been repurchased by the Company or a subsidiary of the Company or (iv) when the aggregate number of Investor Registrable Securities held by the Investor and its Affiliates cease to equal at least 3% of (X) the
outstanding shares of Common Stock and (Y) any equity securities of the Company issued or issuable directly or indirectly with respect to the foregoing securities referred to in clause (X) immediately above by way of stock dividend or
stock split or in connection with a combination or exchange of shares, recapitalization, merger, consolidation or other reorganization. 

“Person” shall mean any individual, partnership, corporation, company, association, trust, joint venture, limited liability
company, unincorporated organization, entity or division, or any government, governmental department or agency or political subdivision thereof. 

“Permitted Transferee” shall mean (i) any Affiliate of the Investor, (ii) any successor entity or with respect to
an investor organized as a trust, any successor trustee or co-trustee of such trust or (iii) any direct or indirect partner, investor or member of the Investor or any Affiliate of the Investor; provided
that, in each case described in clauses (i), (ii) and (iii), only to the extent such transferee agrees to be bound by the terms of this Agreement in accordance with the provisions hereof (it being understood that any Transfer not made in
accordance with the terms hereof shall be deemed not a Transfer to a Permitted Transferee). In addition, any Person shall be a Permitted Transferee of the Permitted Transferees of itself. 

  
 17 

 “Rule 144” shall mean Securities and Exchange Commission Rule 144 under the
Securities Act, as Rule 144 may be amended from time to time, or any similar successor rule that may be issued by the Securities and Exchange Commission. 

“Rule 405” shall mean Securities and Exchange Commission Rule 405 under the Securities Act, as Rule 405 may be amended
from time to time, or any similar successor rule that may be issued by the Securities and Exchange Commission. 
 “Securities
Act” shall mean the Securities Act of 1933 and the rules promulgated thereunder, in each case as amended from time to time. 

“Securities and Exchange Commission” includes any governmental body or agency succeeding to the functions thereof. 

“Securities Exchange Act” shall mean the Securities Exchange Act of 1934, as amended from time to time, or any successor
federal law then in force. 
 “Selling Expenses” means all transportation and other expenses incurred by or on behalf of
the Company or any underwriters, or their representatives, in connection with “roadshow” presentations and the holding of meetings with potential investors to facilitate the distribution and sale of the Investor Registrable Securities.

 “Transfer” shall mean any sale, pledge, assignment, encumbrance or other transfer or disposition of any Investor
Registrable Securities (or any voting or economic interest therein) to any other Person, whether directly, indirectly, voluntarily, involuntarily, by operation of law, pursuant to judicial process or otherwise. 

“Underwritten Offering” shall mean a broadly distributed bona fide underwritten registered public offering of any Investor
Registrable Securities. 
 6.2. Rules of Construction. 

Capitalized terms used in this Agreement that are not defined in Section 6.1 have the meanings specified elsewhere in this
Agreement. Defined terms used in this Agreement in the singular shall import the plural and vice versa. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. All references herein to
Sections shall be deemed to be references to Sections of this Agreement unless the context shall otherwise require. The words “include,” “includes” and “including” shall be deemed to be followed by the phrase
“without limitation.” The words “hereof,” “herein” and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this
Agreement. Any statute or laws defined or referred to herein shall include any rules, regulations or forms promulgated thereunder from time to time and as from time to time, amended, amended and restated, modified or supplemented, including by
succession of comparable rules, regulations or forms. Unless otherwise expressly provided 

  
 18 

 
herein, any agreement, instrument or statute defined or referred to herein or in any agreement or instrument that is referred to herein means such agreement, instrument or statute as from time to
time amended, amended and restated, modified or supplemented, including (in the case of agreements or instruments) by waiver or consent and (in the case of statutes) by succession of comparable successor statutes and references to all attachments
thereto and instruments incorporated therein. Any reference to the number of shares of capital stock of the Company means such shares of capital stock of the Company as appropriately adjusted to give effect to any share combinations or exchanges,
restructuring or other recapitalizations of the Company or its capital structure. Any reference herein to the holder of a particular class or series of capital stock of the Company shall be a reference to such Person solely in its capacity as a
holder of that particular class or series of such capital stock of the Company. For purposes of this Agreement, the obligation of a party to use its “reasonable best efforts” to achieve a particular result may require such party to expend
resources, incur costs or expenses, or pay amounts, in each case to the extent such expenditures, costs, expenses or payments, together with all other actions to be taken by such party in pursuit of such result, would constitute the exercise of such
party’s “reasonable best efforts”. 
  

	7.	MISCELLANEOUS. 

 7.1. Term. This Agreement will be effective as of
the date hereof and will continue in effect thereafter until the earliest of (a) its termination by the written consent of the parties hereto or their respective successors in interest, (b) the date on which no Investor Registrable
Securities remain outstanding and (c) the dissolution, liquidation or winding up of the Company. 
 7.2. No Inconsistent
Agreements. The Company will not hereafter enter into any agreement with respect to its securities which violates the rights granted to the holders of Investor Registrable Securities in this Agreement. 

7.3. Adjustments Affecting Investor Registrable Securities. The Company will not take any action, or permit any change to occur, with
respect to its securities which would materially and adversely affect the ability of any holder of Investor Registrable Securities to include its Investor Registrable Securities in a registration undertaken pursuant to this Agreement. 

7.4. Board of Directors Matters. 

Upon the Investor and its Affiliates in the aggregate ceasing to hold at least 3% of (i) the outstanding shares of Common Stock and
(ii) any equity securities of the Company issued or issuable directly or indirectly with respect to the foregoing securities referred to in clause (i) immediately above by way of stock dividend or stock split or in connection with a
combination or exchange of shares, recapitalization, merger, consolidation or other reorganization, any individual nominated to the Board by the Investor shall promptly tender his or her resignation to the Board and, unless a majority of the Board
affirmatively votes not to accept such director’s resignation, such director shall no longer remain a director of the Company. 

  
 19 

 7.5. Restriction on Acquisitions of Common Stock by the Investor. 

Commencing on the Closing Date and ending on the second anniversary thereof (immediately upon which, the restrictions set forth in this
Section 7.5 will be of no further force or effect with respect to the Investor or any other holder of Investor Registrable Securities), the Investor will not acquire any shares of Common Stock, other than shares of Common Stock issued in
respect of outstanding shares of Common Stock by way of stock dividend or stock split or in connection with a combination or exchange of shares, recapitalization, merger, consolidation or other reorganization. In the event that the Investor desires
to Transfer to a Permitted Transferee prior to the second anniversary of the Closing Date, such Permitted Transferee shall, as a condition to such Transfer, enter into an agreement with the Company to be bound by this Section 7.5 (it
being understood that any Transfer prior to the second anniversary of the Closing Date not made in accordance with the terms hereof shall be deemed not a Transfer to a Permitted Transferee). 

7.6. Remedies. The parties hereto agree and acknowledge that money damages may not be an adequate remedy for any breach of the
provisions of this Agreement and that, in addition to any other rights and remedies at law or in equity existing in its favor, any party shall be entitled to specific performance and/or other injunctive relief from any court of law or equity of
competent jurisdiction (without posting any bond or other security) in order to enforce or prevent violation of the provisions of this Agreement. 

7.7. Amendment and Waiver. This Agreement may be amended, modified, extended, terminated or waived (an “Amendment”),
and the provisions hereof may be waived, only by an agreement in writing signed by the Company and the Investor; provided that the admission of new parties pursuant to the terms of Section 7.8 shall not constitute an amendment of
this Agreement for the purposes of this Section 7.7. Each such Amendment shall be binding upon each party hereto. In addition, each party hereto may waive any right hereunder, as to itself, by an instrument in writing signed by such
party. The failure of any party to enforce any provisions of this Agreement shall in no way be construed as a waiver of such provisions and shall not affect the right of such party thereafter to enforce each and every provision of this Agreement in
accordance with its terms. To the extent the Amendment of any Section of this Agreement would require a specific consent pursuant to this Section 7.7, any Amendment to the definitions used in such Section as applied to such Section shall
also require the same specified consent. 
 7.8. Successors and Assigns; Permitted Transferees. This Agreement shall be binding upon
and inure to the benefit of and be enforceable by the parties hereto and their respective successors and assigns. Investor Registrable Securities shall cease to be Investor Registrable Securities after any Transfer to any Person other than a
Permitted Transferee. Prior to the Transfer of any Investor Registrable Securities to any Permitted Transferee, and as a condition thereto, the Investor shall cause such Permitted Transferee to deliver to the Company its written agreement, in form
and substance reasonably satisfactory to the Company, to be bound by the terms and conditions of this Agreement. 
 7.9.
Severability. Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any 

  
 20 

 
provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability
shall not affect any other provision or the effectiveness or validity of any provision in any other jurisdiction, and this Agreement shall be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable
provision had never been contained herein. 
 7.10. Counterparts. This Agreement may be executed in separate counterparts (including
by means of facsimile or electronic transmission in portable document format (i.e., pdf)), each of which shall be an original and all of which taken together shall constitute one and the same Agreement. 

7.11. Descriptive Headings; No Strict Construction. The descriptive headings of this Agreement are inserted for convenience only and
do not constitute a part of this Agreement. The parties hereto agree that they have been represented by counsel during the negotiation and execution of this Agreement and have participated jointly in the drafting of this Agreement and, therefore,
waive the application of any law, holding or rule of construction providing that ambiguities in an agreement or other document will be construed against the party drafting such agreement or document. 

7.12. Notices. Any notices and other communications required or permitted in this Agreement shall be effective if in writing and
(a) delivered personally, (b) sent by facsimile, or (c) sent by overnight courier, in each case, addressed as follows: 

The Company: 
 Veritiv
Corporation 
 6285 Tri-Ridge Boulevard 

Loveland, Ohio 45140 
 Attention:
Mary Laschinger 
 Facsimile No.: (513) 965-2849 

with copies to (which shall not constitute notice): 

Debevoise & Plimpton LLP 

919 Third Avenue 
 New York, NY
10022 

	 	Attention:	Michael Diz 

	 	    	Peter J. Loughran 

	 	Facsimile No.:	(212) 909-6836 

 and 

Kirkland & Ellis LLP 

300 N. LaSalle Street 
 Chicago,
IL 60654 

	 	Attention:	Matthew E. Steinmetz, P.C. 

	 	    	Jeffrey W. Richards, P.C. 

	 	    	Neal J. Reenan 

	 	Facsimile No.:	(312) 862-2200 

  
 21 

 The Investor: 

UWW Holdings, LLC 
 c/o Bain
Capital Partners, LLC 
 200 Clarendon Street 

Boston, MA 02116 

	 	Attention:	Matt Levin 

	 	    	Seth Meisel 

	 	Facsimile No.:	(617) 516-2010 

 with a copy to (which shall not constitute notice): 

Bain Capital Partners, LLC 
 200
Clarendon Street 
 Boston, MA 02116 

	 	Attention:	Matt Levin 

	 	    	Seth Meisel 

	 	Facsimile No.:	(617) 516-2010 

 and 

Kirkland & Ellis LLP 

300 N. LaSalle Street 
 Chicago,
IL 60654 

	 	Attention:	Matthew E. Steinmetz, P.C. 

	 	    	Jeffrey W. Richards, P.C. 

	 	    	Neal J. Reenan 

	 	Facsimile No.:	(312) 862-2200 

 If to any other Person, to it at the address set forth in the records of the
Company. 
 Notice to the holder of record of any capital stock shall be deemed to be notice to the holder of such shares for all purposes
hereof. 
 Unless otherwise specified herein, such notices or other communications shall be deemed effective (x) on the date received,
if personally delivered, (y) on the date received if delivered by facsimile on a Business Day, or if not delivered on a Business Day, on the first Business Day thereafter, and (z) two Business Days after being sent by overnight courier.
Each of the parties hereto shall be entitled to specify a different address by giving notice as aforesaid to each of the other parties hereto. 

  
 22 

 7.13. Electronic Delivery. This Agreement and any signed agreement or instrument entered
into in connection herewith or contemplated hereby, and any amendments hereto or thereto, to the extent signed and delivered by means of a facsimile machine or electronic mail, shall be treated in all manner and respects as an original agreement or
instrument and shall be considered to have the same binding legal effect as if it were the original signed version thereof delivered in person. At the request of any party hereto or to any such agreement or instrument, each other party hereto or
thereto shall re-execute original forms thereof and deliver them to all other parties. No party hereto or to any such agreement or instrument shall raise the use of a facsimile machine or electronic mail to
deliver a signature or the fact that any signature or agreement or instrument was transmitted or communicated through the use of a facsimile machine or electronic mail as a defense to the formation or enforceability of a contract and each such party
forever waives any such defense. 
 7.14. Governing Law; Consent to Jurisdiction; WAIVER OF JURY TRIAL. 

(a) All issues and questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed by, and
construed in accordance with, the laws of the State of Delaware without giving effect to any choice of law or conflict of law rules or provisions (whether of the State of Delaware or any other jurisdiction) that would cause the application of the
laws of any jurisdiction other than the State of Delaware. In furtherance of the foregoing, the internal law of the State of Delaware shall control the interpretation and construction of this Agreement, even though under that jurisdiction’s
choice of law or conflict of law analysis, the substantive law of some other jurisdiction would ordinarily apply. 
 (b) The Parties agree
that jurisdiction and venue in any action brought by any Party pursuant to this Agreement shall properly (but not exclusively) lie in the Court of Chancery of the State of Delaware (or, if such court lacks subject matter jurisdiction, in any
appropriate state or federal court in the State of Delaware) and any federal or state court located in the State of Delaware from which appeal therefrom validly lies. By execution and delivery of this Agreement, each Party irrevocably submits to the
jurisdiction of such courts for itself and in respect of its property with respect to such action. The Parties irrevocably agree that venue would be proper in such court, and hereby waive any objection that such court is an improper or inconvenient
forum for the resolution of such action. The Parties further agree that the mailing by certified or registered mail, return receipt requested, of any process required by any such court shall constitute valid and lawful service of process against
them, without necessity for service by any other means provided by statute or rule of court. 
 (c) AS A SPECIFICALLY BARGAINED INDUCEMENT
FOR EACH OF THE PARTIES TO ENTER INTO THIS AGREEMENT (WITH EACH PARTY HAVING HAD OPPORTUNITY TO CONSULT COUNSEL), EACH OF THE PARTIES EXPRESSLY AND IRREVOCABLY WAIVES THE RIGHT TO A TRIAL BY JURY IN ANY ACTION OR PROCEEDING UNDER THIS AGREEMENT OR
ANY ACTION OR PROCEEDING ARISING OUT OF THE TRANSACTIONS CONTEMPLATED HEREBY OR ANY OTHER TRANSACTION DOCUMENT, REGARDLESS OF WHICH PARTY INITIATES SUCH 

  
 23 

 
ACTION OR PROCEEDING, AND ANY ACTION OR PROCEEDING UNDER THIS AGREEMENT OR ANY ACTION OR PROCEEDING ARISING OUT OF THE TRANSACTIONS CONTEMPLATED HEREBY OR ANY OTHER TRANSACTION DOCUMENT SHALL BE
TRIED IN A COURT OF COMPETENT JURISDICTION BY A JUDGE SITTING WITHOUT A JURY. 
 7.15. Exercise of Rights and Remedies. No delay of
or omission in the exercise of any right, power or remedy accruing to any party as a result of any breach or default by any other party under this Agreement shall impair any such right, power or remedy, nor shall it be construed as a waiver of or
acquiescence in any such breach or default, or of any similar breach or default occurring later; nor shall any such delay, omission nor waiver of any single breach or default be deemed a waiver of any other breach or default occurring before or
after that waiver. 
 7.16. Dilution. If, from time to time, there is any change in the capital structure of the Company by way of a
split, dividend, combination or reclassification, or through a merger, consolidation, reorganization or recapitalization, or by any other means, appropriate adjustment shall be made in the provisions hereof so that the rights and privileges granted
hereby shall continue. 
 * * * * * 

[Signature Pages Follow] 

  
 24 

 IN WITNESS WHEREOF, the undersigned have caused this Registration Rights Agreement to be executed
as of the date first written above. 
  

			
	 VERITIV CORPORATION

		
	By:	 	 /s/ Mary A. Laschinger

	Name:	 	Mary A. Laschinger
	Its:	 	Chief Executive Officer and Chairman
	
	UWW HOLDINGS, LLC
		
	By:	 	 /s/ Seth Meisel

	Name:	 	Seth Meisel
	Its:	 	Authorized Signatory

 [Signature Page to Registration Rights Agreement]

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